| Common Stocks - 99.4% |
| | | Shares | Value ($) |
| CHINA - 0.1% | | | |
| Information Technology - 0.1% | | | |
| Semiconductors & Semiconductor Equipment - 0.1% | | | |
| NXP Semiconductors NV | | 85,209 | 20,451,012 |
| IRELAND - 0.5% | | | |
| Information Technology - 0.5% | | | |
| IT Services - 0.5% | | | |
| Accenture PLC Class A | | 209,529 | 74,064,311 |
| SWITZERLAND - 0.1% | | | |
| Information Technology - 0.1% | | | |
| Electronic Equipment, Instruments & Components - 0.1% | | | |
| TE Connectivity PLC | | 101,662 | 15,349,945 |
| UNITED STATES - 98.7% | | | |
| Communication Services - 8.8% | | | |
| Diversified Telecommunication Services - 0.7% | | | |
| AT&T Inc | | 2,398,481 | 52,766,582 |
| Verizon Communications Inc | | 1,408,104 | 63,237,951 |
| | | | 116,004,533 |
| Entertainment - 1.2% | | | |
| Electronic Arts Inc | | 80,425 | 11,536,162 |
| Live Nation Entertainment Inc (b) | | 52,389 | 5,736,071 |
| Netflix Inc (b) | | 143,558 | 101,821,383 |
| Take-Two Interactive Software Inc (b) | | 54,530 | 8,381,806 |
| Walt Disney Co/The | | 606,653 | 58,353,952 |
| Warner Bros Discovery Inc (b) | | 746,358 | 6,157,454 |
| | | | 191,986,828 |
| Interactive Media & Services - 6.2% | | | |
| Alphabet Inc Class A | | 1,959,869 | 325,044,274 |
| Alphabet Inc Class C | | 1,606,651 | 268,615,981 |
| Match Group Inc (b) | | 86,269 | 3,264,419 |
| Meta Platforms Inc Class A | | 730,802 | 418,340,297 |
| | | | 1,015,264,971 |
| Media - 0.5% | | | |
| Charter Communications Inc Class A (b) | | 32,468 | 10,522,229 |
| Comcast Corp Class A | | 1,292,213 | 53,975,738 |
| Fox Corp Class A | | 79,222 | 3,353,467 |
| Fox Corp Class B | | 39,714 | 1,540,903 |
| Interpublic Group of Cos Inc/The (c) | | 125,642 | 3,974,056 |
| News Corp Class A | | 126,395 | 3,365,899 |
| News Corp Class B (c) | | 37,701 | 1,053,743 |
| Omnicom Group Inc (c) | | 65,447 | 6,766,565 |
| Paramount Global Class B (c) | | 198,932 | 2,112,658 |
| | | | 86,665,258 |
| Wireless Telecommunication Services - 0.2% | | | |
| T-Mobile US Inc | | 163,923 | 33,827,150 |
TOTAL COMMUNICATION SERVICES | | | 1,443,748,740 |
| | | | |
| Consumer Discretionary - 10.0% | | | |
| Automobile Components - 0.0% | | | |
| Aptiv PLC (b) | | 88,898 | 6,401,545 |
| BorgWarner Inc | | 76,190 | 2,764,935 |
| | | | 9,166,480 |
| Automobiles - 1.7% | | | |
| Ford Motor Co | | 1,306,046 | 13,791,845 |
| General Motors Co | | 375,959 | 16,858,002 |
| Tesla Inc (b) | | 928,116 | 242,822,989 |
| | | | 273,472,836 |
| Broadline Retail - 3.6% | | | |
| Amazon.com Inc (b) | | 3,124,624 | 582,211,190 |
| eBay Inc | | 163,574 | 10,650,303 |
| | | | 592,861,493 |
| Distributors - 0.1% | | | |
| Genuine Parts Co (c) | | 46,603 | 6,509,507 |
| LKQ Corp | | 88,061 | 3,515,395 |
| Pool Corp | | 12,797 | 4,821,910 |
| | | | 14,846,812 |
| Hotels, Restaurants & Leisure - 1.9% | | | |
| Airbnb Inc Class A (b) | | 147,182 | 18,664,149 |
| Booking Holdings Inc | | 11,214 | 47,234,714 |
| Caesars Entertainment Inc (b) | | 72,365 | 3,020,515 |
| Carnival Corp (b) | | 337,918 | 6,244,725 |
| Chipotle Mexican Grill Inc (b) | | 458,095 | 26,395,434 |
| Darden Restaurants Inc | | 39,627 | 6,503,980 |
| Domino's Pizza Inc | | 11,699 | 5,032,208 |
| Expedia Group Inc Class A (b) | | 41,698 | 6,172,138 |
| Hilton Worldwide Holdings Inc | | 82,431 | 19,000,346 |
| Las Vegas Sands Corp | | 118,240 | 5,952,202 |
| Marriott International Inc/MD Class A1 | | 78,162 | 19,431,073 |
| McDonald's Corp | | 239,954 | 73,068,393 |
| MGM Resorts International (b)(c) | | 77,225 | 3,018,725 |
| Norwegian Cruise Line Holdings Ltd (b) | | 147,077 | 3,016,549 |
| Royal Caribbean Cruises Ltd | | 79,219 | 14,050,282 |
| Starbucks Corp | | 379,060 | 36,954,559 |
| Wynn Resorts Ltd | | 31,280 | 2,999,125 |
| Yum! Brands Inc | | 94,051 | 13,139,865 |
| | | | 309,898,982 |
| Household Durables - 0.4% | | | |
| DR Horton Inc | | 98,156 | 18,725,221 |
| Garmin Ltd | | 51,437 | 9,054,455 |
| Lennar Corp Class A | | 80,851 | 15,157,945 |
| Mohawk Industries Inc (b) | | 17,524 | 2,815,756 |
| NVR Inc (b) | | 1,030 | 10,106,154 |
| PulteGroup Inc | | 69,418 | 9,963,566 |
| | | | 65,823,097 |
| Leisure Products - 0.0% | | | |
| Hasbro Inc | | 43,835 | 3,170,147 |
| Specialty Retail - 1.9% | | | |
| AutoZone Inc (b) | | 5,714 | 17,999,329 |
| Best Buy Co Inc | | 65,663 | 6,782,988 |
| CarMax Inc (b) | | 52,209 | 4,039,932 |
| Home Depot Inc/The | | 331,699 | 134,404,435 |
| Lowe's Cos Inc | | 190,612 | 51,627,260 |
| O'Reilly Automotive Inc (b) | | 19,403 | 22,344,495 |
| Ross Stores Inc | | 111,582 | 16,794,207 |
| TJX Cos Inc/The | | 378,040 | 44,434,822 |
| Tractor Supply Co (c) | | 36,083 | 10,497,627 |
| Ulta Beauty Inc (b) | | 15,961 | 6,210,744 |
| | | | 315,135,839 |
| Textiles, Apparel & Luxury Goods - 0.4% | | | |
| Deckers Outdoor Corp (b) | | 50,999 | 8,131,791 |
| Lululemon Athletica Inc (b) | | 38,469 | 10,438,563 |
| NIKE Inc Class B | | 401,894 | 35,527,430 |
| Ralph Lauren Corp Class A | | 13,399 | 2,597,663 |
| Tapestry Inc | | 77,010 | 3,617,930 |
| | | | 60,313,377 |
TOTAL CONSUMER DISCRETIONARY | | | 1,644,689,063 |
| | | | |
| Consumer Staples - 5.8% | | | |
| Beverages - 1.3% | | | |
| Brown-Forman Corp Class B (c) | | 61,322 | 3,017,042 |
| Coca-Cola Co/The | | 1,297,504 | 93,238,638 |
| Constellation Brands Inc Class A | | 52,412 | 13,506,048 |
| Keurig Dr Pepper Inc | | 353,822 | 13,261,249 |
| Molson Coors Beverage Co Class B | | 58,769 | 3,380,393 |
| Monster Beverage Corp (b) | | 235,917 | 12,307,790 |
| PepsiCo Inc | | 459,466 | 78,132,193 |
| | | | 216,843,353 |
| Consumer Staples Distribution & Retail - 1.9% | | | |
| Costco Wholesale Corp | | 148,297 | 131,468,256 |
| Dollar General Corp | | 73,556 | 6,220,631 |
| Dollar Tree Inc (b) | | 67,586 | 4,752,648 |
| Kroger Co/The | | 222,127 | 12,727,877 |
| Sysco Corp (c) | | 164,496 | 12,840,558 |
| Target Corp | | 154,754 | 24,119,958 |
| Walgreens Boots Alliance Inc (c) | | 239,675 | 2,147,488 |
| Walmart Inc | | 1,452,924 | 117,323,613 |
| | | | 311,601,029 |
| Food Products - 0.7% | | | |
| Archer-Daniels-Midland Co | | 159,941 | 9,554,875 |
| Bunge Global SA | | 47,383 | 4,579,093 |
| Campbell Soup Co | | 65,913 | 3,224,464 |
| Conagra Brands Inc | | 160,245 | 5,211,167 |
| General Mills Inc (c) | | 186,193 | 13,750,353 |
| Hershey Co/The | | 49,398 | 9,473,548 |
| Hormel Foods Corp | | 97,211 | 3,081,589 |
| JM Smucker Co | | 35,603 | 4,311,523 |
| Kellanova | | 89,741 | 7,242,996 |
| Kraft Heinz Co/The | | 295,244 | 10,366,017 |
| Lamb Weston Holdings Inc | | 48,058 | 3,111,275 |
| McCormick & Co Inc/MD | | 84,301 | 6,937,972 |
| Mondelez International Inc | | 446,831 | 32,918,041 |
| Tyson Foods Inc Class A | | 95,609 | 5,694,472 |
| | | | 119,457,385 |
| Household Products - 1.2% | | | |
| Church & Dwight Co Inc | | 81,892 | 8,575,730 |
| Clorox Co/The | | 41,432 | 6,749,687 |
| Colgate-Palmolive Co | | 273,320 | 28,373,349 |
| Kimberly-Clark Corp | | 112,662 | 16,029,549 |
| Procter & Gamble Co/The | | 787,441 | 136,384,782 |
| | | | 196,113,097 |
| Personal Care Products - 0.1% | | | |
| Estee Lauder Cos Inc/The Class A | | 77,946 | 7,770,437 |
| Kenvue Inc | | 640,631 | 14,817,795 |
| | | | 22,588,232 |
| Tobacco - 0.6% | | | |
| Altria Group Inc | | 570,740 | 29,130,570 |
| Philip Morris International Inc | | 520,088 | 63,138,683 |
| | | | 92,269,253 |
TOTAL CONSUMER STAPLES | | | 958,872,349 |
| | | | |
| Energy - 3.3% | | | |
| Energy Equipment & Services - 0.2% | | | |
| Baker Hughes Co Class A | | 332,305 | 12,012,826 |
| Halliburton Co | | 295,311 | 8,578,784 |
| Schlumberger NV | | 474,997 | 19,926,124 |
| | | | 40,517,734 |
| Oil, Gas & Consumable Fuels - 3.1% | | | |
| APA Corp | | 123,733 | 3,026,508 |
| Chevron Corp | | 568,956 | 83,790,150 |
| ConocoPhillips | | 388,443 | 40,895,279 |
| Coterra Energy Inc | | 247,289 | 5,922,572 |
| Devon Energy Corp | | 209,466 | 8,194,310 |
| Diamondback Energy Inc | | 62,671 | 10,804,480 |
| EOG Resources Inc | | 190,199 | 23,381,163 |
| Eqt Corp | | 198,704 | 7,280,515 |
| Exxon Mobil Corp | | 1,486,145 | 174,205,917 |
| Hess Corp | | 92,452 | 12,554,982 |
| Kinder Morgan Inc | | 645,907 | 14,268,086 |
| Marathon Oil Corp | | 187,115 | 4,982,872 |
| Marathon Petroleum Corp | | 111,953 | 18,238,263 |
| Occidental Petroleum Corp | | 225,231 | 11,608,406 |
| ONEOK Inc | | 195,375 | 17,804,524 |
| Phillips 66 | | 140,013 | 18,404,709 |
| Targa Resources Corp | | 73,283 | 10,846,617 |
| Valero Energy Corp | | 107,168 | 14,470,895 |
| Williams Cos Inc/The | | 407,738 | 18,613,240 |
| | | | 499,293,488 |
TOTAL ENERGY | | | 539,811,222 |
| | | | |
| Financials - 12.9% | | | |
| Banks - 3.1% | | | |
| Bank of America Corp | | 2,258,183 | 89,604,701 |
| Citigroup Inc | | 638,166 | 39,949,192 |
| Citizens Financial Group Inc | | 149,957 | 6,158,734 |
| Fifth Third Bancorp (c) | | 226,392 | 9,698,633 |
| Huntington Bancshares Inc/OH | | 485,847 | 7,141,951 |
| JPMorgan Chase & Co | | 951,720 | 200,679,680 |
| KeyCorp | | 310,456 | 5,200,138 |
| M&T Bank Corp | | 55,863 | 9,950,318 |
| PNC Financial Services Group Inc/The | | 132,964 | 24,578,395 |
| Regions Financial Corp | | 306,115 | 7,141,663 |
| Truist Financial Corp | | 447,948 | 19,158,736 |
| US Bancorp | | 521,981 | 23,870,191 |
| Wells Fargo & Co | | 1,138,576 | 64,318,158 |
| | | | 507,450,490 |
| Capital Markets - 3.0% | | | |
| Ameriprise Financial Inc | | 32,845 | 15,430,909 |
| Bank of New York Mellon Corp/The | | 246,850 | 17,738,641 |
| BlackRock Inc | | 46,577 | 44,225,327 |
| Blackstone Inc | | 240,868 | 36,884,117 |
| Cboe Global Markets Inc | | 35,001 | 7,170,655 |
| Charles Schwab Corp/The | | 499,714 | 32,386,464 |
| CME Group Inc Class A | | 120,453 | 26,577,954 |
| FactSet Research Systems Inc (c) | | 12,725 | 5,851,591 |
| Franklin Resources Inc | | 103,216 | 2,079,802 |
| Goldman Sachs Group Inc/The | | 105,636 | 52,301,441 |
| Intercontinental Exchange Inc | | 192,054 | 30,851,555 |
| Invesco Ltd | | 150,527 | 2,643,254 |
| KKR & Co Inc Class A | | 225,598 | 29,458,587 |
| MarketAxess Holdings Inc | | 12,628 | 3,235,294 |
| Moody's Corp | | 52,385 | 24,861,397 |
| Morgan Stanley | | 416,711 | 43,437,955 |
| MSCI Inc | | 26,309 | 15,336,305 |
| Nasdaq Inc | | 138,423 | 10,106,263 |
| Northern Trust Corp | | 67,449 | 6,072,433 |
| Raymond James Financial Inc (c) | | 62,000 | 7,592,520 |
| S&P Global Inc | | 107,108 | 55,334,136 |
| State Street Corp | | 99,890 | 8,837,268 |
| T Rowe Price Group Inc | | 74,460 | 8,110,928 |
| | | | 486,524,796 |
| Consumer Finance - 0.5% | | | |
| American Express Co | | 187,865 | 50,948,988 |
| Capital One Financial Corp | | 127,733 | 19,125,462 |
| Discover Financial Services | | 83,985 | 11,782,256 |
| Synchrony Financial | | 132,206 | 6,594,435 |
| | | | 88,451,141 |
| Financial Services - 4.1% | | | |
| Berkshire Hathaway Inc Class B (b) | | 612,741 | 282,020,173 |
| Corpay Inc (b) | | 23,226 | 7,264,164 |
| Fidelity National Information Services Inc | | 182,494 | 15,283,873 |
| Fiserv Inc (b) | | 192,583 | 34,597,536 |
| Global Payments Inc | | 85,110 | 8,716,966 |
| Jack Henry & Associates Inc | | 24,385 | 4,304,928 |
| Mastercard Inc Class A | | 275,979 | 136,278,430 |
| PayPal Holdings Inc (b) | | 341,975 | 26,684,309 |
| Visa Inc Class A | | 558,771 | 153,634,086 |
| | | | 668,784,465 |
| Insurance - 2.2% | | | |
| AFLAC Inc | | 168,598 | 18,849,256 |
| Allstate Corp/The | | 88,323 | 16,750,457 |
| American International Group Inc | | 215,404 | 15,774,035 |
| Aon PLC | | 72,668 | 25,142,401 |
| Arch Capital Group Ltd | | 125,283 | 14,016,662 |
| Arthur J Gallagher & Co | | 73,290 | 20,621,607 |
| Assurant Inc | | 17,325 | 3,445,250 |
| Brown & Brown Inc | | 79,200 | 8,205,120 |
| Chubb Ltd | | 125,659 | 36,238,799 |
| Cincinnati Financial Corp | | 52,263 | 7,114,040 |
| Erie Indemnity Co Class A | | 8,343 | 4,503,718 |
| Everest Group Ltd | | 14,475 | 5,671,739 |
| Globe Life Inc | | 30,045 | 3,182,065 |
| Hartford Financial Services Group Inc/The | | 98,014 | 11,527,427 |
| Loews Corp | | 60,948 | 4,817,939 |
| Marsh & McLennan Cos Inc | | 164,495 | 36,697,190 |
| MetLife Inc | | 196,779 | 16,230,332 |
| Principal Financial Group Inc | | 71,268 | 6,121,921 |
| Progressive Corp/The | | 195,908 | 49,713,614 |
| Prudential Financial Inc | | 119,417 | 14,461,399 |
| Travelers Cos Inc/The | | 76,244 | 17,850,245 |
| W R Berkley Corp | | 100,564 | 5,704,996 |
| Willis Towers Watson PLC | | 33,971 | 10,005,479 |
| | | | 352,645,691 |
TOTAL FINANCIALS | | | 2,103,856,583 |
| | | | |
| Health Care - 11.5% | | | |
| Biotechnology - 1.8% | | | |
| Abbvie Inc | | 590,848 | 116,680,663 |
| Amgen Inc | | 179,738 | 57,913,381 |
| Biogen Inc (b) | | 48,724 | 9,444,660 |
| Gilead Sciences Inc | | 416,453 | 34,915,420 |
| Incyte Corp (b) | | 53,505 | 3,536,680 |
| Moderna Inc (b) | | 113,152 | 7,561,948 |
| Regeneron Pharmaceuticals Inc (b) | | 35,496 | 37,314,815 |
| Vertex Pharmaceuticals Inc (b) | | 86,336 | 40,153,147 |
| | | | 307,520,714 |
| Health Care Equipment & Supplies - 2.4% | | | |
| Abbott Laboratories | | 582,003 | 66,354,162 |
| Align Technology Inc (b) | | 23,487 | 5,973,214 |
| Baxter International Inc | | 170,657 | 6,479,846 |
| Becton Dickinson & Co | | 96,686 | 23,310,995 |
| Boston Scientific Corp (b) | | 492,600 | 41,279,880 |
| Cooper Cos Inc/The (b) | | 66,606 | 7,349,306 |
| Dexcom Inc (b) | | 134,045 | 8,986,377 |
| Edwards Lifesciences Corp (b) | | 201,505 | 13,297,315 |
| GE HealthCare Technologies Inc | | 152,755 | 14,336,057 |
| Hologic Inc (b) | | 77,697 | 6,329,198 |
| IDEXX Laboratories Inc (b) | | 27,532 | 13,909,717 |
| Insulet Corp (b) | | 23,454 | 5,458,918 |
| Intuitive Surgical Inc (b) | | 118,651 | 58,289,677 |
| Medtronic PLC | | 429,035 | 38,626,021 |
| ResMed Inc | | 49,149 | 11,998,254 |
| Solventum Corp | | 46,218 | 3,222,318 |
| STERIS PLC | | 32,988 | 8,000,910 |
| Stryker Corp | | 114,686 | 41,431,464 |
| Teleflex Inc | | 15,761 | 3,898,010 |
| Zimmer Biomet Holdings Inc | | 68,123 | 7,353,878 |
| | | | 385,885,517 |
| Health Care Providers & Services - 2.5% | | | |
| Cardinal Health Inc | | 81,567 | 9,014,785 |
| Cencora Inc | | 58,353 | 13,134,093 |
| Centene Corp (b) | | 175,959 | 13,246,194 |
| Cigna Group/The | | 93,510 | 32,395,604 |
| CVS Health Corp | | 420,799 | 26,459,841 |
| DaVita Inc (b) | | 15,436 | 2,530,423 |
| Elevance Health Inc | | 77,567 | 40,334,840 |
| HCA Healthcare Inc | | 62,155 | 25,261,657 |
| Henry Schein Inc (b) | | 42,384 | 3,089,794 |
| Humana Inc | | 40,275 | 12,756,704 |
| Labcorp Holdings Inc | | 28,086 | 6,276,659 |
| McKesson Corp | | 43,377 | 21,446,456 |
| Molina Healthcare Inc (b) | | 19,602 | 6,754,065 |
| Quest Diagnostics Inc | | 37,236 | 5,780,889 |
| UnitedHealth Group Inc | | 308,887 | 180,600,051 |
| Universal Health Services Inc Class B | | 19,890 | 4,555,009 |
| | | | 403,637,064 |
| Life Sciences Tools & Services - 1.2% | | | |
| Agilent Technologies Inc | | 97,595 | 14,490,906 |
| Bio-Techne Corp | | 52,713 | 4,213,349 |
| Charles River Laboratories International Inc (b) | | 17,271 | 3,401,868 |
| Danaher Corp | | 215,009 | 59,776,802 |
| IQVIA Holdings Inc (b) | | 57,931 | 13,727,909 |
| Mettler-Toledo International Inc (b) | | 7,098 | 10,644,871 |
| Revvity Inc | | 41,257 | 5,270,582 |
| Thermo Fisher Scientific Inc | | 127,779 | 79,040,256 |
| Waters Corp (b) | | 19,857 | 7,146,336 |
| West Pharmaceutical Services Inc | | 24,266 | 7,283,683 |
| | | | 204,996,562 |
| Pharmaceuticals - 3.6% | | | |
| Bristol-Myers Squibb Co | | 678,172 | 35,088,619 |
| Catalent Inc (b) | | 60,539 | 3,666,847 |
| Eli Lilly & Co | | 263,875 | 233,777,419 |
| Johnson & Johnson | | 805,234 | 130,496,222 |
| Merck & Co Inc | | 847,905 | 96,288,092 |
| Pfizer Inc | | 1,895,534 | 54,856,754 |
| Viatris Inc | | 399,235 | 4,635,118 |
| Zoetis Inc Class A | | 151,547 | 29,609,253 |
| | | | 588,418,324 |
TOTAL HEALTH CARE | | | 1,890,458,181 |
| | | | |
| Industrials - 8.5% | | | |
| Aerospace & Defense - 2.0% | | | |
| Axon Enterprise Inc (b) | | 24,016 | 9,596,794 |
| Boeing Co (b) | | 195,805 | 29,770,192 |
| GE Aerospace | | 362,706 | 68,399,098 |
| General Dynamics Corp | | 86,261 | 26,068,074 |
| Howmet Aerospace Inc | | 136,526 | 13,686,732 |
| Huntington Ingalls Industries Inc | | 13,117 | 3,467,872 |
| L3Harris Technologies Inc | | 63,457 | 15,094,517 |
| Lockheed Martin Corp | | 70,961 | 41,480,962 |
| Northrop Grumman Corp | | 45,984 | 24,282,771 |
| RTX Corp | | 444,971 | 53,912,686 |
| Textron Inc | | 62,673 | 5,551,574 |
| TransDigm Group Inc | | 18,769 | 26,785,803 |
| | | | 318,097,075 |
| Air Freight & Logistics - 0.4% | | | |
| CH Robinson Worldwide Inc | | 39,232 | 4,330,035 |
| Expeditors International of Washington Inc | | 47,209 | 6,203,263 |
| FedEx Corp | | 75,386 | 20,631,640 |
| United Parcel Service Inc Class B | | 245,028 | 33,407,118 |
| | | | 64,572,056 |
| Building Products - 0.6% | | | |
| A O Smith Corp | | 40,126 | 3,604,518 |
| Allegion plc | | 29,144 | 4,247,447 |
| Builders FirstSource Inc (b) | | 38,954 | 7,551,622 |
| Carrier Global Corp | | 280,835 | 22,604,409 |
| Johnson Controls International plc (c) | | 223,453 | 17,342,187 |
| Masco Corp | | 73,004 | 6,127,956 |
| Trane Technologies PLC | | 75,487 | 29,344,062 |
| | | | 90,822,201 |
| Commercial Services & Supplies - 0.6% | | | |
| Cintas Corp | | 114,606 | 23,595,083 |
| Copart Inc (b) | | 292,921 | 15,349,060 |
| Republic Services Inc | | 68,287 | 13,714,761 |
| Rollins Inc | | 93,962 | 4,752,598 |
| Veralto Corp | | 82,658 | 9,246,124 |
| Waste Management Inc | | 122,160 | 25,360,417 |
| | | | 92,018,043 |
| Construction & Engineering - 0.1% | | | |
| Quanta Services Inc | | 49,301 | 14,699,093 |
| Electrical Equipment - 0.7% | | | |
| AMETEK Inc | | 77,449 | 13,298,768 |
| Eaton Corp PLC | | 133,165 | 44,136,208 |
| Emerson Electric Co | | 191,569 | 20,951,902 |
| GE Vernova Inc | | 91,922 | 23,438,272 |
| Generac Holdings Inc (b) | | 20,121 | 3,196,823 |
| Hubbell Inc | | 17,956 | 7,691,453 |
| Rockwell Automation Inc | | 37,955 | 10,189,399 |
| | | | 122,902,825 |
| Ground Transportation - 1.0% | | | |
| CSX Corp | | 648,522 | 22,393,465 |
| JB Hunt Transport Services Inc | | 26,951 | 4,644,465 |
| Norfolk Southern Corp | | 75,630 | 18,794,055 |
| Old Dominion Freight Line Inc | | 63,081 | 12,530,410 |
| Uber Technologies Inc (b) | | 702,772 | 52,820,344 |
| Union Pacific Corp | | 203,780 | 50,227,694 |
| | | | 161,410,433 |
| Industrial Conglomerates - 0.4% | | | |
| 3M Co | | 183,761 | 25,120,129 |
| Honeywell International Inc | | 217,824 | 45,026,399 |
| | | | 70,146,528 |
| Machinery - 1.7% | | | |
| Caterpillar Inc | | 162,200 | 63,439,664 |
| Cummins Inc | | 45,843 | 14,843,505 |
| Deere & Co | | 85,727 | 35,776,449 |
| Dover Corp | | 45,980 | 8,816,205 |
| Fortive Corp | | 117,190 | 9,249,807 |
| IDEX Corp | | 25,323 | 5,431,784 |
| Illinois Tool Works Inc | | 90,376 | 23,684,838 |
| Ingersoll Rand Inc | | 134,966 | 13,248,263 |
| Nordson Corp | | 18,199 | 4,779,602 |
| Otis Worldwide Corp | | 133,987 | 13,926,609 |
| PACCAR Inc | | 175,353 | 17,303,834 |
| Parker-Hannifin Corp | | 42,997 | 27,166,365 |
| Pentair PLC | | 55,359 | 5,413,557 |
| Snap-on Inc | | 17,622 | 5,105,270 |
| Stanley Black & Decker Inc | | 51,499 | 5,671,585 |
| Westinghouse Air Brake Technologies Corp | | 58,599 | 10,651,540 |
| Xylem Inc/NY | | 81,248 | 10,970,917 |
| | | | 275,479,794 |
| Passenger Airlines - 0.1% | | | |
| Delta Air Lines Inc (c) | | 214,501 | 10,894,506 |
| Southwest Airlines Co (c) | | 200,420 | 5,938,444 |
| United Airlines Holdings Inc (b) | | 109,996 | 6,276,372 |
| | | | 23,109,322 |
| Professional Services - 0.6% | | | |
| Amentum Holdings Inc | | 41,884 | 1,350,759 |
| Automatic Data Processing Inc | | 136,409 | 37,748,464 |
| Broadridge Financial Solutions Inc | | 39,040 | 8,394,771 |
| Dayforce Inc (b)(c) | | 52,885 | 3,239,206 |
| Equifax Inc | | 41,390 | 12,162,865 |
| Jacobs Solutions Inc | | 41,884 | 5,482,616 |
| Leidos Holdings Inc | | 45,063 | 7,345,269 |
| Paychex Inc | | 107,213 | 14,386,912 |
| Paycom Software Inc | | 16,278 | 2,711,426 |
| Verisk Analytics Inc | | 47,642 | 12,766,150 |
| | | | 105,588,438 |
| Trading Companies & Distributors - 0.3% | | | |
| Fastenal Co | | 191,551 | 13,680,572 |
| United Rentals Inc | | 22,274 | 18,035,927 |
| WW Grainger Inc | | 14,862 | 15,438,794 |
| | | | 47,155,293 |
TOTAL INDUSTRIALS | | | 1,386,001,101 |
| | | | |
| Information Technology - 30.9% | | | |
| Communications Equipment - 0.8% | | | |
| Arista Networks Inc (b) | | 86,170 | 33,073,769 |
| Cisco Systems Inc | | 1,347,657 | 71,722,306 |
| F5 Inc (b) | | 19,496 | 4,293,019 |
| Juniper Networks Inc | | 110,109 | 4,292,049 |
| Motorola Solutions Inc | | 55,809 | 25,093,401 |
| | | | 138,474,544 |
| Electronic Equipment, Instruments & Components - 0.5% | | | |
| Amphenol Corp Class A | | 402,838 | 26,248,924 |
| CDW Corp/DE | | 44,682 | 10,111,537 |
| Corning Inc | | 257,612 | 11,631,182 |
| Jabil Inc | | 37,947 | 4,547,189 |
| Keysight Technologies Inc (b) | | 58,384 | 9,278,969 |
| Teledyne Technologies Inc (b) | | 15,649 | 6,848,941 |
| Trimble Inc (b) | | 81,688 | 5,072,008 |
| Zebra Technologies Corp Class A (b) | | 17,254 | 6,389,501 |
| | | | 80,128,251 |
| IT Services - 0.7% | | | |
| Akamai Technologies Inc (b) | | 50,687 | 5,116,853 |
| Cognizant Technology Solutions Corp Class A | | 165,803 | 12,796,676 |
| EPAM Systems Inc (b) | | 19,045 | 3,790,526 |
| Gartner Inc (b) | | 25,777 | 13,062,753 |
| GoDaddy Inc Class A (b) | | 47,157 | 7,393,274 |
| International Business Machines Corp | | 308,129 | 68,121,159 |
| VeriSign Inc (b) | | 28,078 | 5,333,697 |
| | | | 115,614,938 |
| Semiconductors & Semiconductor Equipment - 11.0% | | | |
| Advanced Micro Devices Inc (b) | | 541,389 | 88,831,107 |
| Analog Devices Inc | | 165,987 | 38,205,228 |
| Applied Materials Inc | | 276,961 | 55,959,970 |
| Broadcom Inc | | 1,557,079 | 268,596,128 |
| Enphase Energy Inc (b) | | 45,299 | 5,119,692 |
| First Solar Inc (b) | | 35,808 | 8,931,948 |
| Intel Corp | | 1,427,330 | 33,485,162 |
| KLA Corp | | 44,966 | 34,822,120 |
| Lam Research Corp | | 43,612 | 35,590,881 |
| Microchip Technology Inc | | 179,464 | 14,409,165 |
| Micron Technology Inc | | 370,912 | 38,467,284 |
| Monolithic Power Systems Inc (c) | | 16,308 | 15,076,746 |
| NVIDIA Corp | | 8,228,808 | 999,306,444 |
| ON Semiconductor Corp (b) | | 143,287 | 10,404,069 |
| Qorvo Inc (b) | | 31,731 | 3,277,811 |
| QUALCOMM Inc | | 372,638 | 63,367,092 |
| Skyworks Solutions Inc | | 53,426 | 5,276,886 |
| Teradyne Inc | | 54,583 | 7,310,301 |
| Texas Instruments Inc | | 305,418 | 63,090,196 |
| | | | 1,789,528,230 |
| Software - 10.3% | | | |
| Adobe Inc (b) | | 148,319 | 76,796,612 |
| ANSYS Inc (b) | | 29,232 | 9,314,192 |
| Autodesk Inc (b) | | 72,069 | 19,853,568 |
| Cadence Design Systems Inc (b) | | 91,586 | 24,822,554 |
| Crowdstrike Holdings Inc Class A (b) | | 77,232 | 21,661,259 |
| Fair Isaac Corp (b) | | 8,202 | 15,940,751 |
| Fortinet Inc (b) | | 212,370 | 16,469,294 |
| Gen Digital Inc | | 181,195 | 4,970,178 |
| Intuit Inc | | 93,510 | 58,069,710 |
| Microsoft Corp | | 2,486,385 | 1,069,891,466 |
| Oracle Corp | | 534,672 | 91,108,109 |
| Palantir Technologies Inc Class A (b) | | 673,620 | 25,058,664 |
| Palo Alto Networks Inc (b) | | 108,313 | 37,021,383 |
| PTC Inc (b) | | 40,188 | 7,260,364 |
| Roper Technologies Inc | | 35,860 | 19,953,938 |
| Salesforce Inc | | 324,135 | 88,718,991 |
| Servicenow Inc (b) | | 68,908 | 61,630,626 |
| Synopsys Inc (b) | | 51,252 | 25,953,500 |
| Tyler Technologies Inc (b) | | 14,269 | 8,329,101 |
| | | | 1,682,824,260 |
| Technology Hardware, Storage & Peripherals - 7.6% | | | |
| Apple Inc | | 5,085,851 | 1,185,003,283 |
| Dell Technologies Inc Class C | | 96,227 | 11,406,749 |
| Hewlett Packard Enterprise Co | | 434,747 | 8,894,924 |
| HP Inc | | 327,334 | 11,741,471 |
| NetApp Inc | | 68,763 | 8,492,918 |
| Seagate Technology Holdings PLC (c) | | 70,242 | 7,693,606 |
| Super Micro Computer Inc (b)(c) | | 16,845 | 7,014,257 |
| Western Digital Corp (b) | | 109,224 | 7,458,907 |
| | | | 1,247,706,115 |
TOTAL INFORMATION TECHNOLOGY | | | 5,054,276,338 |
| | | | |
| Materials - 2.2% | | | |
| Chemicals - 1.5% | | | |
| Air Products and Chemicals Inc | | 74,365 | 22,141,435 |
| Albemarle Corp (c) | | 39,315 | 3,723,524 |
| Celanese Corp | | 36,548 | 4,969,066 |
| CF Industries Holdings Inc | | 60,348 | 5,177,858 |
| Corteva Inc | | 231,559 | 13,613,354 |
| Dow Inc | | 234,460 | 12,808,550 |
| DuPont de Nemours Inc | | 139,654 | 12,444,568 |
| Eastman Chemical Co | | 39,103 | 4,377,581 |
| Ecolab Inc | | 84,709 | 21,628,749 |
| FMC Corp | | 41,754 | 2,753,258 |
| International Flavors & Fragrances Inc | | 85,519 | 8,973,509 |
| Linde PLC | | 160,802 | 76,680,042 |
| LyondellBasell Industries NV Class A1 | | 86,994 | 8,342,725 |
| Mosaic Co/The | | 106,584 | 2,854,319 |
| PPG Industries Inc | | 78,040 | 10,337,178 |
| Sherwin-Williams Co/The | | 77,631 | 29,629,424 |
| | | | 240,455,140 |
| Construction Materials - 0.1% | | | |
| Martin Marietta Materials Inc (c) | | 20,444 | 11,003,983 |
| Vulcan Materials Co | | 44,174 | 11,062,495 |
| | | | 22,066,478 |
| Containers & Packaging - 0.2% | | | |
| Amcor PLC | | 483,474 | 5,477,760 |
| Avery Dennison Corp | | 26,934 | 5,945,950 |
| Ball Corp | | 101,544 | 6,895,853 |
| International Paper Co | | 116,196 | 5,676,175 |
| Packaging Corp of America | | 29,826 | 6,424,520 |
| Smurfit WestRock PLC | | 165,040 | 8,156,277 |
| | | | 38,576,535 |
| Metals & Mining - 0.4% | | | |
| Freeport-McMoRan Inc | | 480,634 | 23,993,249 |
| Newmont Corp | | 383,820 | 20,515,179 |
| Nucor Corp | | 79,391 | 11,935,643 |
| Steel Dynamics Inc | | 48,002 | 6,052,092 |
| | | | 62,496,163 |
TOTAL MATERIALS | | | 363,594,316 |
| | | | |
| Real Estate - 2.3% | | | |
| Health Care REITs - 0.3% | | | |
| Alexandria Real Estate Equities Inc | | 52,077 | 6,184,144 |
| Healthpeak Properties Inc | | 235,420 | 5,384,055 |
| Ventas Inc | | 138,203 | 8,862,958 |
| Welltower Inc | | 193,575 | 24,783,408 |
| | | | 45,214,565 |
| Hotel & Resort REITs - 0.0% | | | |
| Host Hotels & Resorts Inc | | 234,970 | 4,135,472 |
| Industrial REITs - 0.2% | | | |
| Prologis Inc | | 309,721 | 39,111,568 |
| Office REITs - 0.0% | | | |
| BXP Inc | | 48,626 | 3,912,447 |
| Real Estate Management & Development - 0.1% | | | |
| CBRE Group Inc Class A (b) | | 100,756 | 12,542,107 |
| CoStar Group Inc (b) | | 137,086 | 10,341,768 |
| | | | 22,883,875 |
| Residential REITs - 0.3% | | | |
| AvalonBay Communities Inc | | 47,510 | 10,701,629 |
| Camden Property Trust | | 35,670 | 4,406,315 |
| Equity Residential | | 114,127 | 8,497,896 |
| Essex Property Trust Inc | | 21,479 | 6,345,326 |
| Invitation Homes Inc | | 190,573 | 6,719,604 |
| Mid-America Apartment Communities Inc | | 39,096 | 6,212,354 |
| UDR Inc | | 100,400 | 4,552,136 |
| | | | 47,435,260 |
| Retail REITs - 0.3% | | | |
| Federal Realty Investment Trust | | 25,129 | 2,889,081 |
| Kimco Realty Corp | | 225,494 | 5,235,971 |
| Realty Income Corp | | 291,312 | 18,475,007 |
| Regency Centers Corp | | 54,643 | 3,946,864 |
| Simon Property Group Inc | | 102,517 | 17,327,423 |
| | | | 47,874,346 |
| Specialized REITs - 1.1% | | | |
| American Tower Corp | | 156,241 | 36,335,408 |
| Crown Castle Inc | | 145,365 | 17,244,650 |
| Digital Realty Trust Inc | | 102,949 | 16,660,237 |
| Equinix Inc | | 31,760 | 28,191,129 |
| Extra Space Storage Inc | | 70,891 | 12,773,849 |
| Iron Mountain Inc | | 98,122 | 11,659,837 |
| Public Storage Operating Co | | 52,690 | 19,172,310 |
| SBA Communications Corp Class A | | 35,950 | 8,653,165 |
| VICI Properties Inc | | 350,288 | 11,668,093 |
| Weyerhaeuser Co (c) | | 243,292 | 8,237,867 |
| | | | 170,596,545 |
TOTAL REAL ESTATE | | | 381,164,078 |
| | | | |
| Utilities - 2.5% | | | |
| Electric Utilities - 1.7% | | | |
| Alliant Energy Corp (c) | | 85,800 | 5,207,202 |
| American Electric Power Co Inc | | 177,996 | 18,262,390 |
| Constellation Energy Corp | | 104,596 | 27,197,052 |
| Duke Energy Corp | | 258,237 | 29,774,726 |
| Edison International | | 129,177 | 11,250,025 |
| Entergy Corp | | 71,520 | 9,412,747 |
| Evergy Inc | | 76,921 | 4,769,871 |
| Eversource Energy | | 119,546 | 8,135,105 |
| Exelon Corp | | 334,504 | 13,564,137 |
| FirstEnergy Corp | | 171,458 | 7,604,162 |
| NextEra Energy Inc | | 687,250 | 58,093,244 |
| NRG Energy Inc | | 69,034 | 6,288,997 |
| PG&E Corp | | 714,987 | 14,135,293 |
| Pinnacle West Capital Corp (c) | | 37,986 | 3,365,180 |
| PPL Corp | | 246,778 | 8,163,416 |
| Southern Co/The | | 365,755 | 32,983,786 |
| Xcel Energy Inc | | 186,486 | 12,177,536 |
| | | | 270,384,869 |
| Gas Utilities - 0.0% | | | |
| Atmos Energy Corp | | 51,926 | 7,202,655 |
| Independent Power and Renewable Electricity Producers - 0.1% | | | |
| AES Corp/The | | 237,796 | 4,770,188 |
| Vistra Corp | | 114,921 | 13,622,735 |
| | | | 18,392,923 |
| Multi-Utilities - 0.6% | | | |
| Ameren Corp | | 89,252 | 7,805,980 |
| CenterPoint Energy Inc | | 218,003 | 6,413,648 |
| CMS Energy Corp | | 99,927 | 7,057,844 |
| Consolidated Edison Inc | | 115,684 | 12,046,175 |
| Dominion Energy Inc | | 280,628 | 16,217,492 |
| DTE Energy Co | | 69,249 | 8,892,264 |
| NiSource Inc | | 150,030 | 5,198,539 |
| Public Service Enterprise Group Inc (c) | | 166,637 | 14,865,687 |
| Sempra | | 211,790 | 17,711,998 |
| WEC Energy Group Inc | | 105,731 | 10,169,208 |
| | | | 106,378,835 |
| Water Utilities - 0.1% | | | |
| American Water Works Co Inc | | 65,183 | 9,532,362 |
TOTAL UTILITIES | | | 411,891,644 |
| | | | |
| TOTAL UNITED STATES | | | 16,178,363,615 |
| TOTAL COMMON STOCKS (Cost $4,353,094,903) | | | 16,288,228,883 |
| | | | |
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
The Fund used futures contracts to manage its exposure to the stock market.
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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