BlackRock FundsSM |
BlackRock Advantage Emerging Markets Fund |
BlackRock Defensive Advantage Emerging Markets Fund |
BlackRock Global Equity Market Neutral Fund |
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Institutional Shares | $44 | 0.85%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Institutional Shares | 6.95 | % | 21.42 | % | 2.61 | % | 1.39 | % |
MSCI Emerging Markets Index | 8.59 | 25.32 | 3.93 | 3.43 |
Key Fund statistics | |
Net Assets | $95,377,157 |
Number of Portfolio Holdings | 231 |
Portfolio Turnover Rate | 92% |
Geographic allocation | ||
Country/Geographic Region | Percent of Net Assets | |
China | 26.4 | % |
Taiwan | 18.1 | % |
India | 15.8 | % |
South Korea | 10.5 | % |
United States | 6.3 | % |
Brazil | 5.4 | % |
Mexico | 2.9 | % |
Saudi Arabia | 2.7 | % |
Malaysia | 2.3 | % |
Indonesia | 2.0 | % |
Other# | 7.3 | % |
Other Assets Less Liabilities | 0.3 | % |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Investor A Shares | $60 | 1.15%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Investor A Shares | 6.88 | % | 21.15 | % | 2.29 | % | 1.12 | % |
Investor A Shares (with sales charge) | 1.27 | 14.79 | 1.19 | 0.57 | ||||
MSCI Emerging Markets Index | 8.59 | 25.32 | 3.93 | 3.43 |
Key Fund statistics | |
Net Assets | $95,377,157 |
Number of Portfolio Holdings | 231 |
Portfolio Turnover Rate | 92% |
Geographic allocation | ||
Country/Geographic Region | Percent of Net Assets | |
China | 26.4 | % |
Taiwan | 18.1 | % |
India | 15.8 | % |
South Korea | 10.5 | % |
United States | 6.3 | % |
Brazil | 5.4 | % |
Mexico | 2.9 | % |
Saudi Arabia | 2.7 | % |
Malaysia | 2.3 | % |
Indonesia | 2.0 | % |
Other# | 7.3 | % |
Other Assets Less Liabilities | 0.3 | % |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Investor C Shares | $99 | 1.90%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Investor C Shares | 6.48 | % | 20.29 | % | 1.53 | % | 0.50 | % |
Investor C Shares (with sales charge) | 5.48 | 19.29 | 1.53 | 0.50 | ||||
MSCI Emerging Markets Index | 8.59 | 25.32 | 3.93 | 3.43 |
Key Fund statistics | |
Net Assets | $95,377,157 |
Number of Portfolio Holdings | 231 |
Portfolio Turnover Rate | 92% |
Geographic allocation | ||
Country/Geographic Region | Percent of Net Assets | |
China | 26.4 | % |
Taiwan | 18.1 | % |
India | 15.8 | % |
South Korea | 10.5 | % |
United States | 6.3 | % |
Brazil | 5.4 | % |
Mexico | 2.9 | % |
Saudi Arabia | 2.7 | % |
Malaysia | 2.3 | % |
Indonesia | 2.0 | % |
Other# | 7.3 | % |
Other Assets Less Liabilities | 0.3 | % |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class K Shares | $42 | 0.81%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Class K Shares | 6.96 | % | 21.47 | % | 2.64 | % | 1.42 | % |
MSCI Emerging Markets Index | 8.59 | 25.32 | 3.93 | 3.43 |
Key Fund statistics | |
Net Assets | $95,377,157 |
Number of Portfolio Holdings | 231 |
Portfolio Turnover Rate | 92% |
Geographic allocation | ||
Country/Geographic Region | Percent of Net Assets | |
China | 26.4 | % |
Taiwan | 18.1 | % |
India | 15.8 | % |
South Korea | 10.5 | % |
United States | 6.3 | % |
Brazil | 5.4 | % |
Mexico | 2.9 | % |
Saudi Arabia | 2.7 | % |
Malaysia | 2.3 | % |
Indonesia | 2.0 | % |
Other# | 7.3 | % |
Other Assets Less Liabilities | 0.3 | % |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Institutional Shares | $45 | 0.86%(a) |
(a) | Annualized. |
Average annual total returns | ||||||
6-Month Total Returns | 1 Year | Since Fund Inception | ||||
Institutional Shares | 7.77 | % | 21.00 | % | 4.44 | % |
MSCI Emerging Markets Index | 8.59 | 25.32 | (0.46 | ) | ||
MSCI Emerging Markets Minimum Volatility Index | 9.49 | 21.72 | 3.06 |
Key Fund statistics | |
Net Assets | $10,891,057 |
Number of Portfolio Holdings | 134 |
Portfolio Turnover Rate | 124% |
Geographic allocation | ||
Country/Geographic Region | Percent of Net Assets | |
India | 20.9 | % |
China | 19.7 | % |
Taiwan | 13.0 | % |
Saudi Arabia | 7.3 | % |
Malaysia | 5.6 | % |
United States | 5.0 | % |
South Korea | 4.4 | % |
Qatar | 3.4 | % |
United Arab Emirates | 3.2 | % |
Kuwait | 3.0 | % |
Other# | 14.7 | % |
Liabilities in Excess of Other Assets | (0.2 | )% |
Ten largest holdings | ||
Security(a) | Percent of Net Assets | |
Compal Electronics, Inc. | 1.5 | % |
Realtek Semiconductor Corp. | 1.5 | % |
Lupin Ltd. | 1.5 | % |
Abu Dhabi Commercial Bank PJSC | 1.5 | % |
Industrial & Commercial Bank of China Ltd., Class H | 1.5 | % |
Etihad Etisalat Co. | 1.5 | % |
Tata Consultancy Services Ltd. | 1.4 | % |
President Chain Store Corp. | 1.4 | % |
Ooredoo QPSC | 1.4 | % |
E.Sun Financial Holding Co. Ltd. | 1.4 | % |
(a) | Excludes short-term securities. |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Investor A Shares | $58 | 1.11%(a) |
(a) | Annualized. |
Average annual total returns | ||||||
6-Month Total Returns | 1 Year | Since Fund Inception | ||||
Investor A Shares | 7.68 | % | 20.88 | % | 4.19 | % |
Investor A Shares (with sales charge) | 2.03 | 14.54 | 2.75 | |||
MSCI Emerging Markets Index | 8.59 | 25.32 | (0.46 | ) | ||
MSCI Emerging Markets Minimum Volatility Index | 9.49 | 21.72 | 3.06 |
Key Fund statistics | |
Net Assets | $10,891,057 |
Number of Portfolio Holdings | 134 |
Portfolio Turnover Rate | 124% |
Geographic allocation | ||
Country/Geographic Region | Percent of Net Assets | |
India | 20.9 | % |
China | 19.7 | % |
Taiwan | 13.0 | % |
Saudi Arabia | 7.3 | % |
Malaysia | 5.6 | % |
United States | 5.0 | % |
South Korea | 4.4 | % |
Qatar | 3.4 | % |
United Arab Emirates | 3.2 | % |
Kuwait | 3.0 | % |
Other# | 14.7 | % |
Liabilities in Excess of Other Assets | (0.2 | )% |
Ten largest holdings | ||
Security(a) | Percent of Net Assets | |
Compal Electronics, Inc. | 1.5 | % |
Realtek Semiconductor Corp. | 1.5 | % |
Lupin Ltd. | 1.5 | % |
Abu Dhabi Commercial Bank PJSC | 1.5 | % |
Industrial & Commercial Bank of China Ltd., Class H | 1.5 | % |
Etihad Etisalat Co. | 1.5 | % |
Tata Consultancy Services Ltd. | 1.4 | % |
President Chain Store Corp. | 1.4 | % |
Ooredoo QPSC | 1.4 | % |
E.Sun Financial Holding Co. Ltd. | 1.4 | % |
(a) | Excludes short-term securities. |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class K Shares | $42 | 0.81%(a) |
(a) | Annualized. |
Average annual total returns | ||||||
6-Month Total Returns | 1 Year | Since Fund Inception | ||||
Class K Shares | 7.89 | % | 21.16 | % | 4.48 | % |
MSCI Emerging Markets Index | 8.59 | 25.32 | (0.46 | ) | ||
MSCI Emerging Markets Minimum Volatility Index | 9.49 | 21.72 | 3.06 |
Key Fund statistics | |
Net Assets | $10,891,057 |
Number of Portfolio Holdings | 134 |
Portfolio Turnover Rate | 124% |
Geographic allocation | ||
Country/Geographic Region | Percent of Net Assets | |
India | 20.9 | % |
China | 19.7 | % |
Taiwan | 13.0 | % |
Saudi Arabia | 7.3 | % |
Malaysia | 5.6 | % |
United States | 5.0 | % |
South Korea | 4.4 | % |
Qatar | 3.4 | % |
United Arab Emirates | 3.2 | % |
Kuwait | 3.0 | % |
Other# | 14.7 | % |
Liabilities in Excess of Other Assets | (0.2 | )% |
Ten largest holdings | ||
Security(a) | Percent of Net Assets | |
Compal Electronics, Inc. | 1.5 | % |
Realtek Semiconductor Corp. | 1.5 | % |
Lupin Ltd. | 1.5 | % |
Abu Dhabi Commercial Bank PJSC | 1.5 | % |
Industrial & Commercial Bank of China Ltd., Class H | 1.5 | % |
Etihad Etisalat Co. | 1.5 | % |
Tata Consultancy Services Ltd. | 1.4 | % |
President Chain Store Corp. | 1.4 | % |
Ooredoo QPSC | 1.4 | % |
E.Sun Financial Holding Co. Ltd. | 1.4 | % |
(a) | Excludes short-term securities. |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Institutional Shares | $71 | 1.35%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Institutional Shares | 7.24 | % | 24.29 | % | 7.47 | % | 4.28 | % |
MSCI World Index | 11.13 | 33.68 | 12.03 | 9.78 | ||||
ICE BofA 3-Month U.S. Treasury Bill Index | 2.66 | 5.39 | 2.36 | 1.69 |
Key Fund statistics | |
Net Assets | $2,510,924,598 |
Number of Portfolio Holdings | 5,850 |
Portfolio Turnover Rate | 35% |
Geographic allocation | ||||||
Percent of Total Investments(a) | ||||||
Country/Geographic Region | Long | Short | Total | |||
United States | 27.8 | % | 26.5 | % | 54.3 | % |
Japan | 8.5 | % | 7.8 | % | 16.3 | % |
United Kingdom | 2.9 | % | 2.5 | % | 5.4 | % |
Canada | 1.8 | % | 2.2 | % | 4.0 | % |
France | 1.2 | % | 1.5 | % | 2.7 | % |
Australia | 1.3 | % | 1.3 | % | 2.6 | % |
Switzerland | 1.0 | % | 1.5 | % | 2.5 | % |
Germany | 1.4 | % | 1.1 | % | 2.5 | % |
Denmark | 0.5 | % | 0.9 | % | 1.4 | % |
Sweden | 0.3 | % | 1.0 | % | 1.3 | % |
Other# | 3.8 | % | 3.2 | % | 7.0 | % |
50.5 | 49.5 | 100.0 |
(a) | Includes the gross market values of long and short securities of the underlying derivative contracts and excludes short-term securities and options, if any. |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Investor A Shares | $84 | 1.60%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Investor A Shares | 7.13 | % | 24.12 | % | 7.22 | % | 4.02 | % |
Investor A Shares (with sales charge) | 1.50 | 17.60 | 6.07 | 3.46 | ||||
MSCI World Index | 11.13 | 33.68 | 12.03 | 9.78 | ||||
ICE BofA 3-Month U.S. Treasury Bill Index | 2.66 | 5.39 | 2.36 | 1.69 |
Key Fund statistics | |
Net Assets | $2,510,924,598 |
Number of Portfolio Holdings | 5,850 |
Portfolio Turnover Rate | 35% |
Geographic allocation | ||||||
Percent of Total Investments(a) | ||||||
Country/Geographic Region | Long | Short | Total | |||
United States | 27.8 | % | 26.5 | % | 54.3 | % |
Japan | 8.5 | % | 7.8 | % | 16.3 | % |
United Kingdom | 2.9 | % | 2.5 | % | 5.4 | % |
Canada | 1.8 | % | 2.2 | % | 4.0 | % |
France | 1.2 | % | 1.5 | % | 2.7 | % |
Australia | 1.3 | % | 1.3 | % | 2.6 | % |
Switzerland | 1.0 | % | 1.5 | % | 2.5 | % |
Germany | 1.4 | % | 1.1 | % | 2.5 | % |
Denmark | 0.5 | % | 0.9 | % | 1.4 | % |
Sweden | 0.3 | % | 1.0 | % | 1.3 | % |
Other# | 3.8 | % | 3.2 | % | 7.0 | % |
50.5 | 49.5 | 100.0 |
(a) | Includes the gross market values of long and short securities of the underlying derivative contracts and excludes short-term securities and options, if any. |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Investor C Shares | $123 | 2.35%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Investor C Shares | 6.81 | % | 23.18 | % | 6.41 | % | 3.39 | % |
Investor C Shares (with sales charge) | 5.82 | 22.18 | 6.41 | 3.39 | ||||
MSCI World Index | 11.13 | 33.68 | 12.03 | 9.78 | ||||
ICE BofA 3-Month U.S. Treasury Bill Index | 2.66 | 5.39 | 2.36 | 1.69 |
Key Fund statistics | |
Net Assets | $2,510,924,598 |
Number of Portfolio Holdings | 5,850 |
Portfolio Turnover Rate | 35% |
Geographic allocation | ||||||
Percent of Total Investments(a) | ||||||
Country/Geographic Region | Long | Short | Total | |||
United States | 27.8 | % | 26.5 | % | 54.3 | % |
Japan | 8.5 | % | 7.8 | % | 16.3 | % |
United Kingdom | 2.9 | % | 2.5 | % | 5.4 | % |
Canada | 1.8 | % | 2.2 | % | 4.0 | % |
France | 1.2 | % | 1.5 | % | 2.7 | % |
Australia | 1.3 | % | 1.3 | % | 2.6 | % |
Switzerland | 1.0 | % | 1.5 | % | 2.5 | % |
Germany | 1.4 | % | 1.1 | % | 2.5 | % |
Denmark | 0.5 | % | 0.9 | % | 1.4 | % |
Sweden | 0.3 | % | 1.0 | % | 1.3 | % |
Other# | 3.8 | % | 3.2 | % | 7.0 | % |
50.5 | 49.5 | 100.0 |
(a) | Includes the gross market values of long and short securities of the underlying derivative contracts and excludes short-term securities and options, if any. |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
![TSR - BLK Retail Logo](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4618.jpg)
Class name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Class K Shares | $68 | 1.30%(a) |
(a) | Annualized. |
Average annual total returns | ||||||||
6-Month Total Returns | 1 Year | 5 Years | 10 Years | |||||
Class K Shares | 7.30 | % | 24.44 | % | 7.54 | % | 4.33 | % |
MSCI World Index | 11.13 | 33.68 | 12.03 | 9.78 | ||||
ICE BofA 3-Month U.S. Treasury Bill Index | 2.66 | 5.39 | 2.36 | 1.69 |
Key Fund statistics | |
Net Assets | $2,510,924,598 |
Number of Portfolio Holdings | 5,850 |
Portfolio Turnover Rate | 35% |
Geographic allocation | ||||||
Percent of Total Investments(a) | ||||||
Country/Geographic Region | Long | Short | Total | |||
United States | 27.8 | % | 26.5 | % | 54.3 | % |
Japan | 8.5 | % | 7.8 | % | 16.3 | % |
United Kingdom | 2.9 | % | 2.5 | % | 5.4 | % |
Canada | 1.8 | % | 2.2 | % | 4.0 | % |
France | 1.2 | % | 1.5 | % | 2.7 | % |
Australia | 1.3 | % | 1.3 | % | 2.6 | % |
Switzerland | 1.0 | % | 1.5 | % | 2.5 | % |
Germany | 1.4 | % | 1.1 | % | 2.5 | % |
Denmark | 0.5 | % | 0.9 | % | 1.4 | % |
Sweden | 0.3 | % | 1.0 | % | 1.3 | % |
Other# | 3.8 | % | 3.2 | % | 7.0 | % |
50.5 | 49.5 | 100.0 |
(a) | Includes the gross market values of long and short securities of the underlying derivative contracts and excludes short-term securities and options, if any. |
# | Ten largest countries/geographic regions are presented. Additional countries/geographic regions are found in Other. |
![TSR - BLK Retail Logo Footer](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349images_4617.jpg)
(b) Not Applicable
Item 2 – | Code of Ethics – Not Applicable to this semi-annual report |
Item 3 – | Audit Committee Financial Expert – Not Applicable to this semi-annual report |
Item 4 – | Principal Accountant Fees and Services – Not Applicable to this semi-annual report |
Item 5 – | Audit Committee of Listed Registrant – Not Applicable |
Item 6 – | Investments |
(a) The registrant’s Schedule of Investments is included as part of the Financial Statements and Financial Highlights for Open-End Management Investment Companies filed under Item 7 of this Form.
(b) Not Applicable due to no such divestments during the semi-annual period covered since the previous Form N-CSR filing.
Item 7 – | Financial Statements and Financial Highlights for Open-End Management Investment Companies |
(a) The registrant’s Financial Statements are attached herewith.
(b) The registrant’s Financial Highlights are attached herewith.
![](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349img29faaa2b1.jpg)
2024 Semi-Annual Financial Statements and Additional Information (Unaudited) |
BlackRock FundsSM |
• BlackRock Defensive Advantage Emerging Markets Fund |
Not FDIC Insured • May Lose Value • No Bank Guarantee |
Security | Shares | Value | |
Common Stocks | |||
Brazil — 2.1% | |||
Ambev SA | 39,841 | $ 87,113 | |
Fleury SA | 19,642 | 50,354 | |
Telefonica Brasil SA | 1,301 | 11,847 | |
Telefonica Brasil SA, ADR | 8,164 | 74,374 | |
223,688 | |||
Chile — 1.2% | |||
Banco de Chile, ADR | 5,667 | 131,474 | |
China — 19.7% | |||
3SBio, Inc.(a) | 177,000 | 132,765 | |
Agricultural Bank of China Ltd., Class H | 127,000 | 62,401 | |
Alibaba Group Holding Ltd. | 11,600 | 141,895 | |
Bank of China Ltd., Class H | 41,000 | 19,460 | |
Beijing-Shanghai High Speed Railway Co. Ltd., Class A | 168,700 | 128,633 | |
BOE Technology Group Co. Ltd., Class A | 170,500 | 111,814 | |
BYD Co. Ltd., Class A | 1,800 | 74,107 | |
China Life Insurance Co. Ltd., Class H | 46,000 | 97,508 | |
China Merchants Port Holdings Co. Ltd. | 92,000 | 151,295 | |
China Petroleum & Chemical Corp., Class A | 84,700 | 73,539 | |
China United Network Communications Ltd., Class A | 16,400 | 11,492 | |
China Yangtze Power Co. Ltd., Class A | 13,700 | 53,057 | |
Chow Tai Fook Jewellery Group Ltd. | 21,000 | 19,890 | |
Eastroc Beverage Group Co. Ltd., Class A | 910 | 27,084 | |
ENN Energy Holdings Ltd. | 1,000 | 7,045 | |
Geely Automobile Holdings Ltd. | 35,000 | 61,527 | |
Huaxia Bank Co. Ltd., Class A | 44,000 | 43,693 | |
Industrial & Commercial Bank of China Ltd., Class H | 264,000 | 158,362 | |
NetEase, Inc. | 2,600 | 41,831 | |
People’s Insurance Co. Group of China Ltd., Class A | 39,700 | 39,647 | |
People’s Insurance Co. Group of China Ltd., Class H | 247,000 | 124,674 | |
PetroChina Co. Ltd., Class A | 57,900 | 65,790 | |
PetroChina Co. Ltd., Class H | 34,000 | 25,531 | |
Pop Mart International Group Ltd.(a) | 6,800 | 61,478 | |
SAIC Motor Corp. Ltd., Class A | 10,200 | 18,439 | |
SF Holding Co. Ltd., Class A | 6,600 | 41,471 | |
Shanghai Baosight Software Co. Ltd., Class A | 9,100 | 34,350 | |
Tencent Holdings Ltd. | 900 | 46,928 | |
Tingyi Cayman Islands Holding Corp. | 38,000 | 55,438 | |
Uni-President China Holdings Ltd. | 58,000 | 54,285 | |
Will Semiconductor Co. Ltd. Shanghai, Class A | 3,600 | 54,112 | |
Yunnan Baiyao Group Co. Ltd., Class A | 8,200 | 65,809 | |
Zhejiang Huahai Pharmaceutical Co. Ltd. | 4,900 | 12,725 | |
Zhejiang Longsheng Group Co. Ltd. | 20,500 | 28,966 | |
2,147,041 | |||
Greece — 1.4% | |||
Hellenic Telecommunications Organization SA, Class R | 9,138 | 150,997 | |
India — 20.9% | |||
Adani Wilmar Ltd.(b) | 4,387 | 17,995 | |
Ajanta Pharma Ltd. | 2,188 | 79,683 | |
Aster DM Healthcare Ltd.(a) | 2,211 | 11,660 | |
Bharti Airtel Ltd. | 7,949 | 152,148 | |
Cipla Ltd. | 1,330 | 24,468 | |
City Union Bank Ltd. | 15,637 | 32,562 | |
Colgate-Palmolive India Ltd. | 2,849 | 103,619 | |
Dr Reddy’s Laboratories Ltd. | 5,155 | 77,973 | |
Dr. Lal PathLabs Ltd.(a) | 694 | 25,637 | |
GlaxoSmithKline Pharmaceuticals Ltd. | 694 | 22,358 | |
Havells India Ltd. | 6,688 | 130,157 | |
HCL Technologies Ltd. | 7,315 | 153,063 |
Security | Shares | Value | |
India (continued) | |||
ICICI Bank Ltd., ADR | 3,813 | $ 115,953 | |
Infosys Ltd., ADR(c) | 7,093 | 148,315 | |
Larsen & Toubro Ltd. | 2,570 | 110,399 | |
LTIMindtree Ltd.(a) | 236 | 15,970 | |
Lupin Ltd. | 6,220 | 161,389 | |
Natco Pharma Ltd. | 4,677 | 77,629 | |
Petronet LNG Ltd. | 35,747 | 141,061 | |
Strides Pharma Science Ltd. | 907 | 16,750 | |
Sun Pharmaceutical Industries Ltd. | 5,533 | 121,423 | |
Tata Consultancy Services Ltd. | 3,332 | 156,728 | |
Voltas Ltd. | 4,171 | 81,645 | |
Wipro Ltd. | 11,159 | 72,638 | |
Wipro Ltd., ADR(c) | 12,719 | 82,419 | |
Zydus Lifesciences Ltd. | 12,086 | 143,557 | |
2,277,199 | |||
Indonesia — 2.2% | |||
Bank Central Asia Tbk PT | 58,300 | 38,074 | |
Bank Mandiri Persero Tbk PT | 164,400 | 69,791 | |
Indofood Sukses Makmur Tbk PT | 263,100 | 127,401 | |
235,266 | |||
Kuwait — 3.0% | |||
Boubyan Bank KSCP | 78,181 | 142,149 | |
Kuwait Finance House KSCP | 63,591 | 149,296 | |
Mobile Telecommunications Co. KSCP | 13,188 | 19,619 | |
National Bank of Kuwait SAKP | 7,185 | 19,896 | |
330,960 | |||
Malaysia — 5.6% | |||
AMMB Holdings Bhd | 60,500 | 70,237 | |
Hong Leong Bank Bhd | 32,500 | 151,623 | |
Maxis Bhd | 110,900 | 91,314 | |
Public Bank Bhd | 144,300 | 145,206 | |
Tenaga Nasional Bhd | 48,500 | 155,158 | |
613,538 | |||
Mexico — 2.3% | |||
Arca Continental SAB de CV | 17,412 | 149,072 | |
Coca-Cola Femsa SAB de CV, ADR | 300 | 25,011 | |
Kimberly-Clark de Mexico SAB de CV, Class A | 56,287 | 80,818 | |
254,901 | |||
Philippines — 1.6% | |||
International Container Terminal Services, Inc. | 10,440 | 71,145 | |
Jollibee Foods Corp. | 9,810 | 44,695 | |
Manila Electric Co. | 1,600 | 13,492 | |
PLDT, Inc. | 230 | 5,652 | |
PLDT, Inc., ADR | 1,775 | 42,636 | |
177,620 | |||
Qatar — 3.4% | |||
Ooredoo QPSC | 49,698 | 155,937 | |
Qatar Electricity & Water Co. QSC | 5,780 | 25,693 | |
Qatar International Islamic Bank QSC | 16,531 | 47,562 | |
Qatar National Bank QPSC | 29,485 | 140,143 | |
369,335 | |||
Russia — 0.0% | |||
Alrosa PJSC(b)(d) | 37,207 | 4 | |
Saudi Arabia — 7.3% | |||
Al Rajhi Bank | 6,595 | 154,096 | |
Alinma Bank | 792 | 5,918 | |
Almarai Co. JSC | 9,624 | 140,923 | |
Etihad Etisalat Co. | 11,401 | 156,975 |
Security | Shares | Value | |
Saudi Arabia (continued) | |||
Jarir Marketing Co. | 12,065 | $ 42,421 | |
Saudi Awwal Bank | 550 | 4,951 | |
Saudi Basic Industries Corp. | 6,964 | 134,804 | |
Saudi Telecom Co. | 13,710 | 153,871 | |
793,959 | |||
South Africa — 0.2% | |||
AVI Ltd. | 2,510 | 15,739 | |
South Korea — 4.4% | |||
Hyundai Mobis Co. Ltd. | 688 | 123,656 | |
Korea Electric Power Corp.(b) | 1,888 | 31,565 | |
Korean Air Lines Co. Ltd. | 3,528 | 60,900 | |
KT&G Corp. | 1,299 | 103,185 | |
Samsung SDS Co. Ltd. | 64 | 6,600 | |
SK Telecom Co. Ltd. | 2,257 | 92,626 | |
SK Telecom Co. Ltd., ADR | 2,842 | 64,684 | |
483,216 | |||
Taiwan — 13.0% | |||
Chunghwa Telecom Co. Ltd. | 39,000 | 148,041 | |
Compal Electronics, Inc. | 149,000 | 163,564 | |
E.Sun Financial Holding Co. Ltd. | 183,157 | 155,744 | |
Far EasTone Telecommunications Co. Ltd. | 15,000 | 41,421 | |
First Financial Holding Co. Ltd. | 89,000 | 74,943 | |
Hon Hai Precision Industry Co. Ltd. | 7,000 | 44,868 | |
MediaTek, Inc. | 4,000 | 155,713 | |
President Chain Store Corp. | 17,000 | 156,091 | |
Primax Electronics Ltd. | 53,000 | 132,284 | |
Realtek Semiconductor Corp. | 11,000 | 161,397 | |
Taiwan Mobile Co. Ltd. | 33,000 | 116,307 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,000 | 62,719 | |
1,413,092 | |||
Thailand — 2.6% | |||
Advanced Info Service PCL, NVDR | 18,700 | 152,217 | |
Bangkok Bank PCL, NVDR | 14,100 | 61,366 | |
Bangkok Dusit Medical Services PCL, NVDR | 17,600 | 14,347 | |
CP ALL PCL, NVDR | 31,100 | 58,293 | |
286,223 | |||
Turkey — 0.9% | |||
Mavi Giyim Sanayi Ve Ticaret A/S, Class B(a) | 19,291 | 42,931 | |
Migros Ticaret A/S, Class A | 4,096 | 48,661 | |
91,592 | |||
United Arab Emirates — 3.2% | |||
Abu Dhabi Commercial Bank PJSC | 65,505 | 159,225 | |
Abu Dhabi Islamic Bank PJSC | 44,675 | 153,253 | |
First Abu Dhabi Bank PJSC | 10,050 | 35,915 | |
348,393 |
Security | Shares | Value | |
United States — 1.5% | |||
Genpact Ltd. | 3,069 | $ 117,144 | |
JBS S/A | 7,466 | 46,506 | |
163,650 | |||
Total Common Stocks — 96.5% (Cost: $9,899,803) | 10,507,887 | ||
Preferred Securities | |||
Preferred Stocks — 0.2% | |||
Brazil — 0.2% | |||
CTEEP-Cia de Transmissao de Energia Eletrica Paulista | 3,832 | 16,101 | |
Total Preferred Securities — 0.2% (Cost: $16,348) | 16,101 | ||
Total Long-Term Investments — 96.7% (Cost: $9,916,151) | 10,523,988 | ||
Short-Term Securities | |||
Money Market Funds — 3.5% | |||
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.01%(e)(f)(g) | 137,164 | 137,261 | |
BlackRock Liquidity Funds, T-Fund, Institutional Shares, 4.75%(e)(f) | 246,482 | 246,482 | |
Total Short-Term Securities — 3.5% (Cost: $383,723) | 383,743 | ||
Total Investments — 100.2% (Cost: $10,299,874) | 10,907,731 | ||
Liabilities in Excess of Other Assets — (0.2)% | (16,674 ) | ||
Net Assets — 100.0% | $ 10,891,057 |
(a) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(b) | Non-income producing security. |
(c) | All or a portion of this security is on loan. |
(d) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(e) | Affiliate of the Fund. |
(f) | Annualized 7-day yield as of period end. |
(g) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliated Issuer | Value at 04/30/24 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 10/31/24 | Shares Held at 10/31/24 | Income | Capital Gain Distributions from Underlying Funds |
BlackRock Cash Funds: Institutional, SL Agency Shares | $ — | $ 137,241 (a) | $ — | $ — | $ 137,261 | 137,164 | $ 56 (b) | $ — | |
BlackRock Liquidity Funds, T-Fund, Institutional Shares | 300,963 | — | (54,481 )(a) | — | — | 246,482 | 246,482 | 5,981 | — |
$ — | $ 20 | $ 383,743 | $ 6,037 | $ — |
(a) | Represents net amount purchased (sold). |
(b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | ||||
MSCI Emerging Markets Index | 5 | 12/20/24 | $ 282 | $ 2,315 |
Commodity Contracts | Credit Contracts | Equity Contracts | Foreign Currency Exchange Contracts | Interest Rate Contracts | Other Contracts | Total | |
Assets — Derivative Financial Instruments | |||||||
Futures contracts Unrealized appreciation on futures contracts(a) | $ — | $ — | $ 2,315 | $ — | $ — | $ — | $ 2,315 |
(a) | Net cumulative unrealized appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, are reported in the Schedule of Investments. In the Statement of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
Commodity Contracts | Credit Contracts | Equity Contracts | Foreign Currency Exchange Contracts | Interest Rate Contracts | Other Contracts | Total | |
Net Realized Gain (Loss) from: | |||||||
Futures contracts | $ — | $ — | $ 20,883 | $ — | $ — | $ — | $ 20,883 |
Net Change in Unrealized Appreciation (Depreciation) on: | |||||||
Futures contracts | $ — | $ — | $ 4,849 | $ — | $ — | $ — | $ 4,849 |
Futures contracts: | |
Average notional value of contracts — long | $250,463 |
Level 1 | Level 2 | Level 3 | Total | |
Assets | ||||
Investments | ||||
Long-Term Investments | ||||
Common Stocks | ||||
Brazil | $ 223,688 | $ — | $ — | $ 223,688 |
Chile | 131,474 | — | — | 131,474 |
China | 53,057 | 2,093,984 | — | 2,147,041 |
Greece | — | 150,997 | — | 150,997 |
India | 346,687 | 1,930,512 | — | 2,277,199 |
Indonesia | 165,475 | 69,791 | — | 235,266 |
Kuwait | — | 330,960 | — | 330,960 |
Malaysia | — | 613,538 | — | 613,538 |
Mexico | 254,901 | — | — | 254,901 |
Philippines | 127,273 | 50,347 | — | 177,620 |
Qatar | 203,499 | 165,836 | — | 369,335 |
Russia | — | — | 4 | 4 |
Saudi Arabia | 134,804 | 659,155 | — | 793,959 |
South Africa | — | 15,739 | — | 15,739 |
South Korea | 64,684 | 418,532 | — | 483,216 |
Taiwan | — | 1,413,092 | — | 1,413,092 |
Thailand | — | 286,223 | — | 286,223 |
Turkey | — | 91,592 | — | 91,592 |
United Arab Emirates | 153,253 | 195,140 | — | 348,393 |
United States | 163,650 | — | — | 163,650 |
Preferred Securities | ||||
Preferred Stocks | 16,101 | — | — | 16,101 |
Short-Term Securities | ||||
Money Market Funds | 383,743 | — | — | 383,743 |
$ 2,422,289 | $ 8,485,438 | $ 4 | $ 10,907,731 | |
Derivative Financial Instruments(a) | ||||
Assets | ||||
Equity Contracts | $ 2,315 | $ — | $ — | $ 2,315 |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
BlackRock Defensive Advantage Emerging Markets Fund | |
ASSETS | |
Investments, at value — unaffiliated(a)(b) | $ 10,523,988 |
Investments, at value — affiliated(c) | 383,743 |
Cash pledged for futures contracts | 7,000 |
Foreign currency, at value(d) | 321,564 |
Receivables: | |
Investments sold | 560,386 |
Securities lending income — affiliated | 28 |
Dividends — unaffiliated | 10,127 |
Dividends — affiliated | 1,078 |
From the Manager | 19,332 |
Prepaid expenses | 43,475 |
Total assets | 11,870,721 |
LIABILITIES | |
Collateral on securities loaned | 137,247 |
Payables: | |
Investments purchased | 750,139 |
Accounting services fees | 5,028 |
Custodian fees | 22,907 |
Deferred foreign capital gain tax | 34,008 |
Trustees’ and Officer’s fees | 2,143 |
Other accrued expenses | 13,926 |
Professional fees | 13,666 |
Service fees | 56 |
Transfer agent fees | 55 |
Variation margin on futures contracts | 489 |
Total liabilities | 979,664 |
Commitments and contingent liabilities | |
NET ASSETS | $ 10,891,057 |
NET ASSETS CONSIST OF | |
Paid-in capital | $ 10,454,678 |
Accumulated earnings | 436,379 |
NET ASSETS | $ 10,891,057 |
(a) Investments, at cost—unaffiliated | $9,916,151 |
(b) Securities loaned, at value | $128,261 |
(c) Investments, at cost—affiliated | $383,723 |
(d) Foreign currency, at cost | $321,343 |
BlackRock Defensive Advantage Emerging Markets Fund | |
NET ASSET VALUE | |
Institutional | |
Net assets | $ 111,189 |
Shares outstanding | 10,719 |
Net asset value | $ 10.37 |
Shares authorized | Unlimited |
Par value | $0.001 |
Investor A | |
Net assets | $ 264,033 |
Shares outstanding | 25,494 |
Net asset value | $ 10.36 |
Shares authorized | Unlimited |
Par value | $0.001 |
Class K | |
Net assets | $ 10,515,835 |
Shares outstanding | 1,013,453 |
Net asset value | $ 10.38 |
Shares authorized | Unlimited |
Par value | $0.001 |
BlackRock Defensive Advantage Emerging Markets Fund | |
INVESTMENT INCOME | |
Dividends — unaffiliated | $229,539 |
Dividends — affiliated | 5,981 |
Interest — unaffiliated | 176 |
Securities lending income — affiliated — net | 56 |
Foreign taxes withheld | (23,763 ) |
Total investment income | 211,989 |
EXPENSES | |
Professional | 43,556 |
Investment advisory | 42,946 |
Custodian | 32,372 |
Registration | 23,721 |
Printing and postage | 13,524 |
Accounting services | 7,575 |
Trustees and Officer | 3,312 |
Administration | 2,281 |
Administration — class specific | 1,074 |
Transfer agent — class specific | 394 |
Service — class specific | 348 |
Miscellaneous | 9,790 |
Total expenses excluding interest expense | 180,893 |
Interest expense — unaffiliated | 60 |
Total expenses | 180,953 |
Less: | |
Administration fees waived | (2,281 ) |
Administration fees waived by the Manager — class specific | (1,047 ) |
Fees waived and/or reimbursed by the Manager | (133,331 ) |
Transfer agent fees waived and/or reimbursed by the Manager — class specific | (250 ) |
Total expenses after fees waived and/or reimbursed | 44,044 |
Net investment income | 167,945 |
REALIZED AND UNREALIZED GAIN (LOSS) | |
Net realized gain (loss) from: | |
Investments — unaffiliated(a) | 285,570 |
Foreign currency transactions | (12,896 ) |
Futures contracts | 20,883 |
293,557 | |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated(b) | 326,300 |
Investments — affiliated | 20 |
Foreign currency translations | (140 ) |
Futures contracts | 4,849 |
331,029 | |
Net realized and unrealized gain | 624,586 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $792,531 |
(a) Net of foreign capital gain tax and capital gain tax refund, if applicable of | $(35,375 ) |
(b) Net of reduction in deferred foreign capital gain tax of | $392 |
BlackRock Defensive Advantage Emerging Markets Fund | ||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | |
INCREASE (DECREASE) IN NET ASSETS | ||
OPERATIONS | ||
Net investment income | $167,945 | $245,157 |
Net realized gain | 293,557 | 437,730 |
Net change in unrealized appreciation (depreciation) | 331,029 | 32,828 |
Net increase in net assets resulting from operations | 792,531 | 715,715 |
DISTRIBUTIONS TO SHAREHOLDERS(a) | ||
Institutional | (865 ) | (2,155 ) |
Investor A | (1,821 ) | (2,443 ) |
Class K | (83,483 ) | (210,360 ) |
Decrease in net assets resulting from distributions to shareholders | (86,169 ) | (214,958 ) |
CAPITAL SHARE TRANSACTIONS | ||
Net increase (decrease) in net assets derived from capital share transactions | (53,273 ) | 177,025 |
NET ASSETS | ||
Total increase in net assets | 653,089 | 677,782 |
Beginning of period | 10,237,968 | 9,560,186 |
End of period | $10,891,057 | $10,237,968 |
(a) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
BlackRock Defensive Advantage Emerging Markets Fund | |||||
Institutional | |||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Period from 12/21/20(a) to 04/30/21 | |
Net asset value, beginning of period | $9.70 | $9.23 | $9.42 | $10.81 | $10.00 |
Net investment income(b) | 0.16 | 0.23 | 0.29 | 0.19 | 0.02 |
Net realized and unrealized gain (loss) | 0.59 | 0.44 | (0.25 ) | (0.80 ) | 0.79 |
Net increase (decrease) from investment operations | 0.75 | 0.67 | 0.04 | (0.61 ) | 0.81 |
Distributions(c) | |||||
From net investment income | (0.08 ) | (0.20 ) | (0.23 ) | (0.21 ) | (0.00 )(d) |
From net realized gain | — | — | — | (0.57 ) | — |
Total distributions | (0.08 ) | (0.20 ) | (0.23 ) | (0.78 ) | (0.00 ) |
Net asset value, end of period | $10.37 | $9.70 | $9.23 | $9.42 | $10.81 |
Total Return(e) | |||||
Based on net asset value | 7.77 %(f) | 7.43 % | 0.60 % | (6.10 )% | 8.14 %(f) |
Ratios to Average Net Assets(g) | |||||
Total expenses | 3.44 %(h) | 3.59 % | 3.75 % | 3.81 % | 3.18 %(h)(i) |
Total expenses after fees waived and/or reimbursed | 0.86 %(h) | 0.85 % | 0.85 % | 0.81 % | 0.81 %(h) |
Net investment income | 3.08 %(h) | 2.50 % | 3.23 % | 1.87 % | 0.52 %(h) |
Supplemental Data | |||||
Net assets, end of period (000) | $111 | $104 | $97 | $97 | $108 |
Portfolio turnover rate | 124 % | 191 % | 204 % | 211 % | 64 % |
(a) | Commencement of operations. |
(b) | Based on average shares outstanding. |
(c) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) | Amount is greater than $(0.005) per share. |
(e) | Where applicable, assumes the reinvestment of distributions. |
(f) | Not annualized. |
(g) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(h) | Annualized. |
(i) | Audit, printing, offering and organization costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the total expenses would have been 4.74%. |
BlackRock Defensive Advantage Emerging Markets Fund (continued) | |||||
Investor A | |||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Period from 12/21/20(a) to 04/30/21 | |
Net asset value, beginning of period | $9.69 | $9.22 | $9.41 | $10.81 | $10.00 |
Net investment income(b) | 0.15 | 0.21 | 0.26 | 0.17 | 0.01 |
Net realized and unrealized gain | 0.59 | 0.44 | (0.24 ) | (0.82 ) | 0.80 |
Net increase from investment operations | 0.74 | 0.65 | 0.02 | (0.65 ) | 0.81 |
Distributions(c) | |||||
From net investment income | (0.07 ) | (0.18 ) | (0.21 ) | (0.18 ) | (0.00 )(d) |
From net realized gain | — | — | — | (0.57 ) | — |
Total distributions | (0.07 ) | (0.18 ) | (0.21 ) | (0.75 ) | (0.00 ) |
Net asset value, end of period | $10.36 | $9.69 | $9.22 | $9.41 | $10.81 |
Total Return(e) | |||||
Based on net asset value | 7.68 %(f) | 7.19 % | 0.35 % | (6.43 )% | 8.14 %(f) |
Ratios to Average Net Assets(g) | |||||
Total expenses | 3.73 %(h) | 3.86 % | 4.03 % | 4.11 % | 3.43 %(h)(i) |
Total expenses after fees waived and/or reimbursed | 1.11 %(h) | 1.11 % | 1.11 % | 1.06 % | 1.06 %(h) |
Net investment income | 2.90 %(h) | 2.27 % | 2.99 % | 1.62 % | 0.27 %(h) |
Supplemental Data | |||||
Net assets, end of period (000) | $264 | $298 | $105 | $97 | $108 |
Portfolio turnover rate | 124 % | 191 % | 204 % | 211 % | 64 % |
(a) | Commencement of operations. |
(b) | Based on average shares outstanding. |
(c) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) | Amount is greater than $(0.005) per share. |
(e) | Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. |
(f) | Not annualized. |
(g) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(h) | Annualized. |
(i) | Audit, printing, offering and organization costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the total expenses would have been 4.99%. |
BlackRock Defensive Advantage Emerging Markets Fund (continued) | |||||
Class K | |||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Period from 12/21/20(a) to 04/30/21 | |
Net asset value, beginning of period | $9.70 | $9.23 | $9.42 | $10.81 | $10.00 |
Net investment income(b) | 0.16 | 0.24 | 0.29 | 0.19 | 0.02 |
Net realized and unrealized gain | 0.60 | 0.44 | (0.25 ) | (0.80 ) | 0.79 |
Net increase from investment operations | 0.76 | 0.68 | 0.04 | (0.61 ) | 0.81 |
Distributions(c) | |||||
From net investment income | (0.08 ) | (0.21 ) | (0.23 ) | (0.21 ) | (0.00 )(d) |
From net realized gain | — | — | — | (0.57 ) | — |
Total distributions | (0.08 ) | (0.21 ) | (0.23 ) | (0.78 ) | (0.00 ) |
Net asset value, end of period | $10.38 | $9.70 | $9.23 | $9.42 | $10.81 |
Total Return(e) | |||||
Based on net asset value | 7.89 %(f) | 7.48 % | 0.60 % | (6.10 )% | 8.14 %(f) |
Ratios to Average Net Assets(g) | |||||
Total expenses | 3.36 %(h) | 3.53 % | 3.66 % | 3.75 % | 2.84 %(h)(i) |
Total expenses after fees waived and/or reimbursed | 0.81 %(h) | 0.81 % | 0.81 % | 0.81 % | 0.81 %(h) |
Net investment income | 3.14 %(h) | 2.53 % | 3.27 % | 1.87 % | 0.52 %(h) |
Supplemental Data | |||||
Net assets, end of period (000) | $10,516 | $9,836 | $9,358 | $9,535 | $10,598 |
Portfolio turnover rate | 124 % | 191 % | 204 % | 211 % | 64 % |
(a) | Commencement of operations. |
(b) | Based on average shares outstanding. |
(c) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) | Amount is greater than $(0.005) per share. |
(e) | Where applicable, assumes the reinvestment of distributions. |
(f) | Not annualized. |
(g) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(h) | Annualized. |
(i) | Audit, printing, offering and organization costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the total expenses would have been 4.40%. |
Share Class | Initial Sales Charge | CDSC | Conversion Privilege |
Institutional and Class K Shares | No | No | None |
Investor A Shares | Yes | No(a) | None |
(a) | Investor A Shares may be subject to a contingent deferred sales charge (“CDSC”) for certain redemptions where no initial sales charge was paid at the time of purchase. |
Fund Name/Counterparty | Securities Loaned at Value | Cash Collateral Received(a) | Non-Cash Collateral Received, at Fair Value(a) | Net Amount |
BlackRock Defensive Advantage Emerging Markets Fund | ||||
J.P. Morgan Securities LLC | $ 128,261 | $ (128,261 ) | $ — | $ — |
(a) | Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by the Fund is disclosed in the Fund’s Statement of Assets and Liabilities. |
Average Daily Net Assets | Investment Advisory Fees |
First $1 billion | 0.80 % |
$1 billion – $3 billion | 0.75 |
$3 billion – $5 billion | 0.72 |
$5 billion – $10 billion | 0.70 |
Greater than $10 billion | 0.68 |
Share Class | Service Fees |
Investor A | 0.25 % |
Fund Name | Investor A |
BlackRock Defensive Advantage Emerging Markets Fund | $ 348 |
Average Daily Net Assets | Administration Fees |
First $500 million | 0.0425 % |
$500 million - $1 billion | 0.0400 |
$1 billion - $2 billion | 0.0375 |
$2 billion - $4 billion | 0.0350 |
$4 billion - $13 billion | 0.0325 |
Greater than $13 billion | 0.0300 |
Fund Name | Institutional | Investor A | Class K | Total |
BlackRock Defensive Advantage Emerging Markets Fund | $ 11 | $ 28 | $ 1,035 | $ 1,074 |
Institutional | Investor A | Class K | Total | |
Reimbursed amounts | $ 17 | $ 10 | $ 19 | $ 46 |
Fund Name | Institutional | Investor A | Class K | Total |
BlackRock Defensive Advantage Emerging Markets Fund | $ 44 | $ 170 | $ 180 | $ 394 |
Share Class | Expense Limitation |
Institutional | 0.86 % |
Investor A | 1.11 |
Class K | 0.81 |
Fund Name | Fees Waived and/or Reimbursed by the Manager |
BlackRock Defensive Advantage Emerging Markets Fund | $ 133,242 |
Fund Name | Administration Fees Waived |
BlackRock Defensive Advantage Emerging Markets Fund | $ 2,281 |
Institutional | Investor A | Class K | Total | |
Administration fees waived by the Manager — class specific | $ 11 | $ 22 | $ 1,014 | $ 1,047 |
Institutional | Investor A | Class K | Total | |
Transfer agent fees waived and/or reimbursed by the Manager — class specific | $ 16 | $ 106 | $ 128 | $ 250 |
Fund Name | Non-Expiring Capital Loss Carryforwards |
BlackRock Defensive Advantage Emerging Markets Fund | $ (571,384 ) |
Fund Name | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
BlackRock Defensive Advantage Emerging Markets Fund | $ 10,323,896 | $ 921,589 | $ (335,439 ) | $ 586,150 |
Six Months Ended 10/31/24 | Year Ended 04/30/24 | |||
Fund Name / Share Class | Shares | Amounts | Shares | Amounts |
BlackRock Defensive Advantage Emerging Markets Fund | ||||
Institutional | ||||
Shares sold | — | $ — | 206 | $ 1,900 |
Shares issued in reinvestment of distributions | 3 | 31 | 7 | 61 |
3 | $ 31 | 213 | $ 1,961 | |
Investor A | ||||
Shares sold | 177 | $ 1,775 | 19,326 | $ 180,245 |
Shares issued in reinvestment of distributions | 107 | 1,079 | 63 | 571 |
Shares redeemed | (5,562) | (55,616) | — | — |
(5,278) | $ (52,762) | 19,389 | $ 180,816 | |
Class K | ||||
Shares sold | 60 | $ 621 | 1,859 | $ 17,248 |
Shares issued in reinvestment of distributions | 9 | 87 | 39 | 364 |
Shares redeemed | (125) | (1,250) | (2,459) | (23,364) |
(56) | $ (542) | (561) | $ (5,752) | |
(5,331) | $ (53,273) | 19,041 | $ 177,025 |
Fund Name | Institutional | Investor A | Class K |
BlackRock Defensive Advantage Emerging Markets Fund | 10,330 | 10,312 | 1,012,325 |
Please contact your financial advisor. Please note that not all investment advisors, banks or brokerages may offer this service.
1. Access the BlackRock website at blackrock.com
2. Select “Access Your Account”
3. Next, select “eDelivery” in the “Related Resources” box and follow the sign-up instructions.
Wilmington, DE 19809
Edinburgh, EH3 8BL
United Kingdom
Boston, MA 02114
Wilmington, DE 19809
New York, NY 10001
Boston, MA 02110
New York, NY 10019
Wilmington, DE 19809
Portfolio Abbreviation | |
ADR | American Depositary Receipt |
JSC | Joint Stock Company |
MSCI | Morgan Stanley Capital International |
NVDR | Non-Voting Depositary Receipt |
PCL | Public Company Limited |
PJSC | Public Joint Stock Company |
SAB | Special Assessment Bonds |
![](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349imgc071a1742.jpg)
![](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349img29faaa2b1.jpg)
![](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349imgc8007a361.jpg)
2024 Semi-Annual Financial Statements and Additional Information (Unaudited) |
BlackRock FundsSM |
• BlackRock Advantage Emerging Markets Fund |
• BlackRock Global Equity Market Neutral Fund |
Not FDIC Insured • May Lose Value • No Bank Guarantee |
Security | Shares | Value | |
Common Stocks | |||
Brazil — 3.2% | |||
Ambev SA | 54,482 | $ 119,126 | |
B3 SA - Brasil Bolsa Balcao | 186,264 | 342,183 | |
Banco Santander Brasil SA | 31,765 | 149,459 | |
Cia Siderurgica Nacional SA | 8,233 | 16,763 | |
Fleury SA | 96,874 | 248,348 | |
Iochpe Maxion SA | 25,533 | 45,007 | |
Itau Unibanco Holding SA, ADR | 19,589 | 118,513 | |
Lojas Renner SA | 235,096 | 755,200 | |
Magazine Luiza SA(a) | 50,695 | 82,958 | |
NU Holdings Ltd./Cayman Islands, Class A(a) | 8,781 | 132,505 | |
Telefonica Brasil SA | 4,836 | 44,036 | |
Ultrapar Participacoes SA | 8,990 | 32,486 | |
Vale SA | 90,428 | 970,776 | |
3,057,360 | |||
Chile — 0.8% | |||
Banco de Chile | 4,792,294 | 556,664 | |
Banco de Chile, ADR | 8,713 | 202,141 | |
Empresas CMPC SA | 15,654 | 24,928 | |
783,733 | |||
China — 26.4% | |||
3SBio, Inc.(b) | 464,000 | 348,038 | |
Agricultural Bank of China Ltd., Class H | 839,000 | 412,239 | |
Alibaba Group Holding Ltd. | 248,620 | 3,041,196 | |
Baidu, Inc., Class A(a) | 12,350 | 140,924 | |
Bank of China Ltd., Class H | 136,000 | 64,550 | |
Baoshan Iron & Steel Co. Ltd., Class A | 524,288 | 480,753 | |
BOE Technology Group Co. Ltd., Class A | 944,000 | 619,076 | |
Bosideng International Holdings Ltd. | 100,000 | 56,084 | |
BYD Co. Ltd., Class A | 2,200 | 90,576 | |
BYD Co. Ltd., Class H | 21,000 | 758,491 | |
China Construction Bank Corp., Class H | 599,000 | 464,966 | |
China Life Insurance Co. Ltd., Class H | 511,000 | 1,083,188 | |
China Medical System Holdings Ltd. | 98,000 | 98,025 | |
China Pacific Insurance Group Co. Ltd., Class H | 82,800 | 287,552 | |
China Resources Land Ltd. | 41,000 | 136,671 | |
China United Network Communications Ltd., Class A | 21,900 | 15,346 | |
CMOC Group Ltd., Class A | 171,100 | 181,480 | |
COSCO SHIPPING Holdings Co. Ltd., Class H | 160,500 | 237,690 | |
ENN Energy Holdings Ltd. | 18,600 | 131,042 | |
Foxconn Industrial Internet Co. Ltd., Class A | 11,400 | 38,203 | |
Geely Automobile Holdings Ltd. | 316,000 | 555,496 | |
GigaDevice Semiconductor, Inc., Class A(a) | 7,700 | 97,094 | |
Industrial & Commercial Bank of China Ltd., Class H | 988,000 | 592,658 | |
JD.com, Inc., Class A | 32,160 | 652,180 | |
KE Holdings, Inc., ADR | 8,996 | 197,282 | |
Meituan, Class B(a)(b) | 70,880 | 1,674,921 | |
Midea Group Co. Ltd., Class A | 24,100 | 241,388 | |
Minth Group Ltd.(a) | 132,000 | 241,225 | |
NetEase, Inc. | 40,070 | 644,678 | |
New China Life Insurance Co. Ltd., Class H | 42,600 | 143,765 | |
PDD Holdings, Inc., ADR(a) | 5,503 | 663,607 | |
People’s Insurance Co. Group of China Ltd., Class H | 660,000 | 333,138 | |
PetroChina Co. Ltd., Class H | 789,700 | 592,997 | |
Ping An Insurance Group Co. of China Ltd., Class A | 7,500 | 58,960 | |
Ping An Insurance Group Co. of China Ltd., Class H | 225,000 | 1,394,050 | |
Pop Mart International Group Ltd.(b) | 24,600 | 222,406 | |
RiseSun Real Estate Development Co. Ltd., Class A(a) | 1 | — | |
Shandong Nanshan Aluminum Co. Ltd., Class A | 496,546 | 284,187 |
Security | Shares | Value | |
China (continued) | |||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | 4,800 | $ 179,688 | |
Shenzhou International Group Holdings Ltd. | 700 | 5,405 | |
Sunny Optical Technology Group Co. Ltd. | 5,200 | 33,826 | |
TAL Education Group, ADR(a) | 3,910 | 43,479 | |
Tencent Holdings Ltd. | 92,400 | 4,817,929 | |
Trip.com Group Ltd.(a) | 450 | 28,959 | |
Uni-President China Holdings Ltd. | 373,000 | 349,109 | |
Weichai Power Co. Ltd., Class A | 421,800 | 791,281 | |
Will Semiconductor Co. Ltd. Shanghai, Class A | 24,500 | 368,260 | |
Wuliangye Yibin Co. Ltd., Class A | 32,900 | 678,740 | |
Xiaomi Corp., Class B(a)(b) | 82,200 | 281,937 | |
Zijin Mining Group Co. Ltd., Class H | 160,000 | 340,811 | |
25,195,546 | |||
Greece — 0.8% | |||
Eurobank Ergasias Services and Holdings SA, Class R | 272,272 | 563,391 | |
National Bank of Greece SA | 19,373 | 151,782 | |
715,173 | |||
India — 15.8% | |||
ABB India Ltd. | 1,510 | 133,000 | |
Adani Energy Solutions Ltd.(a) | 3,618 | 41,826 | |
Ajanta Pharma Ltd. | 8,143 | 296,553 | |
Alkem Laboratories Ltd. | 4,458 | 305,924 | |
Axis Bank Ltd. | 2,924 | 40,167 | |
Bharti Airtel Ltd. | 54,106 | 1,035,614 | |
Blue Star Ltd. | 19,577 | 434,207 | |
Castrol India Ltd. | 20,626 | 51,356 | |
Chambal Fertilisers and Chemicals Ltd. | 118,846 | 680,959 | |
Computer Age Management Services Ltd. | 2,587 | 136,298 | |
Crompton Greaves Consumer Electricals Ltd. | 92,199 | 427,921 | |
Dr. Lal PathLabs Ltd.(b) | 7,777 | 287,293 | |
GlaxoSmithKline Pharmaceuticals Ltd. | 3,792 | 122,166 | |
Great Eastern Shipping Co. Ltd. | 42,541 | 649,703 | |
Gujarat Pipavav Port Ltd. | 19,466 | 45,505 | |
HCL Technologies Ltd. | 18,315 | 383,234 | |
HDFC Bank Ltd. | 27,061 | 556,231 | |
Hindustan Zinc Ltd. | 112,054 | 735,216 | |
ICICI Bank Ltd. | 68,697 | 1,053,781 | |
Indraprastha Gas Ltd. | 14,630 | 72,950 | |
Infosys Ltd. | 48,224 | 1,006,177 | |
Infosys Ltd., ADR | 28,369 | 593,196 | |
KEC International Ltd. | 10,775 | 125,985 | |
Larsen & Toubro Ltd. | 19,457 | 835,808 | |
Life Insurance Corp. of India | 11,362 | 124,190 | |
Lupin Ltd. | 12,240 | 317,589 | |
NCC Ltd./India | 103,480 | 366,215 | |
Nippon Life India Asset Management Ltd.(b) | 12,955 | 108,725 | |
Oberoi Realty Ltd. | 8,258 | 192,410 | |
PTC India Ltd. | 104,242 | 224,650 | |
Punjab National Bank | 44,998 | 52,265 | |
Reliance Industries Ltd. | 27,058 | 427,840 | |
State Bank of India | 28,649 | 278,791 | |
Strides Pharma Science Ltd. | 19,725 | 364,280 | |
Sun Pharmaceutical Industries Ltd. | 2,451 | 53,788 | |
Tata Consultancy Services Ltd. | 15,246 | 717,127 | |
Trent Ltd. | 3,119 | 263,565 | |
Triveni Turbine Ltd., Class B | 14,579 | 119,528 | |
Vedanta Ltd. | 7,257 | 39,947 | |
Voltas Ltd. | 43,544 | 852,346 | |
Whirlpool of India Ltd. | 1,263 | 29,811 |
Security | Shares | Value | |
India (continued) | |||
Wipro Ltd. | 24,676 | $ 160,626 | |
Wipro Ltd., ADR | 12,571 | 81,460 | |
WNS Holdings Ltd.(a) | 3,778 | 181,306 | |
Zee Entertainment Enterprises Ltd.(a) | 59,604 | 86,229 | |
15,093,758 | |||
Indonesia — 2.0% | |||
Astra International Tbk PT | 1,703,900 | 553,167 | |
Bank Central Asia Tbk PT | 1,376,000 | 898,630 | |
Bank Mandiri Persero Tbk PT | 752,300 | 319,365 | |
Bank Rakyat Indonesia Persero Tbk PT | 516,100 | 157,335 | |
1,928,497 | |||
Kuwait — 0.3% | |||
Kuwait Finance House KSCP | 126,265 | 296,438 | |
Malaysia — 2.3% | |||
CIMB Group Holdings Bhd | 30,600 | 55,488 | |
IJM Corp. Bhd. | 130,600 | 89,562 | |
Malayan Banking Bhd. | 443,300 | 1,061,621 | |
Public Bank Bhd | 268,900 | 270,589 | |
Tenaga Nasional Bhd | 229,400 | 733,882 | |
2,211,142 | |||
Mexico — 2.9% | |||
Alsea SAB de CV | 59,750 | 144,467 | |
America Movil SAB de C.V., ADR | 2,455 | 38,642 | |
America Movil SAB de CV, Series B | 303,692 | 239,955 | |
Arca Continental SAB de CV | 39,202 | 335,625 | |
Coca-Cola Femsa SAB de CV | 6,028 | 50,165 | |
Coca-Cola Femsa SAB de CV, ADR | 2,996 | 249,776 | |
Grupo Financiero Banorte SAB de CV, Class O | 99,714 | 694,328 | |
Orbia Advance Corp. SAB de CV | 156,346 | 143,457 | |
Wal-Mart de Mexico SAB de CV | 304,401 | 837,010 | |
2,733,425 | |||
Philippines — 0.3% | |||
BDO Unibank, Inc. | 17,230 | 45,094 | |
International Container Terminal Services, Inc. | 38,950 | 265,431 | |
310,525 | |||
Poland — 0.2% | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 7,540 | 104,763 | |
Powszechny Zaklad Ubezpieczen SA | 8,453 | 83,830 | |
188,593 | |||
Qatar — 0.3% | |||
Qatar National Bank QPSC | 51,019 | 242,495 | |
Russia — 0.0% | |||
Alrosa PJSC(a)(c) | 1,407,496 | 145 | |
Saudi Arabia — 2.7% | |||
Al Rajhi Bank | 56,614 | 1,322,821 | |
Alinma Bank | 2,539 | 18,971 | |
Riyad Bank | 12,272 | 83,882 | |
Saudi Arabian Mining Co.(a) | 2,896 | 43,355 | |
Saudi Awwal Bank | 13,272 | 119,465 | |
Saudi Basic Industries Corp. | 34,167 | 661,379 | |
Saudi National Bank | 42,206 | 371,030 | |
2,620,903 | |||
South Africa — 2.0% | |||
AVI Ltd. | 48,222 | 302,385 | |
Capitec Bank Holdings Ltd. | 5,342 | 965,037 | |
FirstRand Ltd. | 52,013 | 228,529 | |
Naspers Ltd., Class N | 93 | 21,980 |
Security | Shares | Value | |
South Africa (continued) | |||
Sasol Ltd. | 6,636 | $ 37,298 | |
Sibanye Stillwater Ltd.(a) | 12,831 | 14,959 | |
Standard Bank Group Ltd. | 21,897 | 301,468 | |
1,871,656 | |||
South Korea — 10.5% | |||
AMOREPACIFIC Group | 1,769 | 28,507 | |
CJ Corp. | 5,018 | 372,015 | |
CJ Logistics Corp. | 3,312 | 209,984 | |
Coupang, Inc., Class A(a) | 1,487 | 38,350 | |
DB Insurance Co. Ltd. | 1,887 | 148,732 | |
DL E&C Co. Ltd. | 795 | 17,780 | |
GS Engineering & Construction Corp.(a) | 7,148 | 91,773 | |
Hanon Systems | 39,800 | 113,645 | |
Hanwha Life Insurance Co. Ltd. | 12,590 | 26,861 | |
HD Hyundai Construction Equipment Co. Ltd. | 149 | 5,531 | |
HL Mando Co. Ltd. | 676 | 17,659 | |
Hugel, Inc.(a) | 1,114 | 219,125 | |
Hyundai Marine & Fire Insurance Co. Ltd. | 19,656 | 431,287 | |
Hyundai Mobis Co. Ltd. | 2,249 | 404,219 | |
KB Financial Group, Inc. | 4,030 | 262,227 | |
KCC Corp. | 1,391 | 263,667 | |
Kia Corp. | 9,100 | 601,773 | |
Korea Shipbuilding & Offshore Engineering Co. Ltd.(a) | 1,645 | 217,651 | |
KT&G Corp. | 793 | 62,991 | |
LG Chem Ltd. | 581 | 130,634 | |
LG Electronics, Inc. | 1,203 | 77,471 | |
LS Corp. | 861 | 64,683 | |
LX International Corp. | 1,016 | 22,311 | |
LX Semicon Co. Ltd. | 410 | 18,113 | |
Medytox, Inc. | 155 | 19,179 | |
NAVER Corp. | 2,037 | 249,169 | |
Pan Ocean Co. Ltd. | 124,722 | 319,646 | |
POSCO Holdings, Inc. | 149 | 35,902 | |
Samsung C&T Corp. | 474 | 40,023 | |
Samsung Electronics Co. Ltd. | 71,543 | 3,037,786 | |
Samsung Fire & Marine Insurance Co. Ltd. | 476 | 115,402 | |
Samsung Life Insurance Co. Ltd. | 3,039 | 222,377 | |
Samsung Securities Co. Ltd. | 16,453 | 542,938 | |
Shinhan Financial Group Co. Ltd. | 1,504 | 56,024 | |
SK Hynix, Inc. | 6,046 | 791,505 | |
SK Networks Co. Ltd. | 41,293 | 156,538 | |
SK Telecom Co. Ltd. | 13,826 | 567,409 | |
10,000,887 | |||
Taiwan — 18.1% | |||
Asustek Computer, Inc. | 2,000 | 35,316 | |
Bizlink Holding, Inc. | 19,000 | 273,895 | |
Cathay Financial Holding Co. Ltd. | 211,000 | 445,620 | |
Chicony Electronics Co. Ltd. | 103,000 | 519,438 | |
Compal Electronics, Inc. | 34,000 | 37,323 | |
CTBC Financial Holding Co. Ltd. | 442,000 | 489,990 | |
Delta Electronics, Inc. | 11,000 | 135,860 | |
E.Sun Financial Holding Co. Ltd. | 187,161 | 159,149 | |
Elan Microelectronics Corp. | 37,000 | 166,236 | |
Hon Hai Precision Industry Co. Ltd. | 181,000 | 1,160,160 | |
Lotes Co. Ltd. | 6,000 | 305,150 | |
MediaTek, Inc. | 40,000 | 1,557,127 | |
Parade Technologies Ltd. | 14,000 | 304,777 | |
Phison Electronics Corp. | 3,000 | 43,054 | |
Pixart Imaging, Inc. | 11,000 | 81,977 | |
Primax Electronics Ltd. | 231,000 | 576,557 | |
Quanta Computer, Inc. | 48,000 | 435,904 |
Security | Shares | Value | |
Taiwan (continued) | |||
Realtek Semiconductor Corp. | 31,000 | $ 454,846 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 295,000 | 9,251,046 | |
Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 2,695 | 513,505 | |
Wisdom Marine Lines Co. Ltd. | 149,000 | 338,145 | |
17,285,075 | |||
Thailand — 1.5% | |||
Bangkok Bank PCL, NVDR | 206,900 | 900,471 | |
PTT Exploration & Production PCL, NVDR | 100,900 | 378,963 | |
Thai Union Group PCL, NVDR | 251,800 | 111,880 | |
1,391,314 | |||
Turkey — 0.6% | |||
KOC Holding A/S, Class A | 69,070 | 340,617 | |
Mavi Giyim Sanayi Ve Ticaret A/S, Class B(b) | 7,838 | 17,443 | |
Migros Ticaret A/S, Class A | 705 | 8,376 | |
Turk Hava Yollari AO, Class A(a) | 16,610 | 132,107 | |
Turkiye Is Bankasi A/S, Class C | 161,934 | 55,666 | |
554,209 | |||
United Arab Emirates — 0.4% | |||
Abu Dhabi Commercial Bank PJSC | 138,678 | 337,088 | |
United Kingdom — 0.2% | |||
Anglogold Ashanti PLC | 7,298 | 203,608 | |
United States — 1.4% | |||
GCC SAB de CV | 15,427 | 126,164 | |
Genpact Ltd. | 21,771 | 830,999 | |
JBS S/A | 66,792 | 416,056 | |
1,373,219 | |||
Total Common Stocks — 92.7% (Cost: $77,734,956) | 88,394,789 | ||
Preferred Securities | |||
Preferred Stocks — 2.1% | |||
Brazil — 2.1% | |||
Banco Bradesco SA | 77,156 | 191,792 |
Security | Shares | Value | |
Brazil (continued) | |||
Cia Energetica de Minas Gerais | 20,442 | $ 40,205 | |
CTEEP-Cia de Transmissao de Energia Eletrica Paulista | 71,871 | 301,985 | |
Itau Unibanco Holding SA | 144,404 | 874,782 | |
Marcopolo SA | 20,741 | 30,354 | |
Petroleo Brasileiro SA | 97,887 | 608,058 | |
2,047,176 | |||
Total Preferred Securities — 2.1% (Cost: $2,225,860) | 2,047,176 | ||
Total Long-Term Investments — 94.8% (Cost: $79,960,816) | 90,441,965 | ||
Short-Term Securities | |||
Money Market Funds — 4.9% | |||
BlackRock Liquidity Funds, T-Fund, Institutional Shares, 4.75%(d)(e) | 4,653,726 | 4,653,726 | |
Total Short-Term Securities — 4.9% (Cost: $4,653,726) | 4,653,726 | ||
Total Investments — 99.7% (Cost: $84,614,542) | 95,095,691 | ||
Other Assets Less Liabilities — 0.3% | 281,466 | ||
Net Assets — 100.0% | $ 95,377,157 |
(a) | Non-income producing security. |
(b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(c) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) | Affiliate of the Fund. |
(e) | Annualized 7-day yield as of period end. |
Affiliated Issuer | Value at 04/30/24 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 10/31/24 | Shares Held at 10/31/24 | Income | Capital Gain Distributions from Underlying Funds |
BlackRock Cash Funds: Institutional, SL Agency Shares(a) | $ — | $ — | $ (1 )(b) | $ 1 | $ — | — | $ 350 (c) | $ — | |
BlackRock Liquidity Funds, T-Fund, Institutional Shares | 4,657,734 | — | (4,008 )(b) | — | — | 4,653,726 | 4,653,726 | 113,989 | — |
$ 1 | $ — | $ 4,653,726 | $ 114,339 | $ — |
(a) | As of period end, the entity is no longer held. |
(b) | Represents net amount purchased (sold). |
(c) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | ||||
MSCI Emerging Markets Index | 84 | 12/20/24 | $ 4,731 | $ (13,541 ) |
Commodity Contracts | Credit Contracts | Equity Contracts | Foreign Currency Exchange Contracts | Interest Rate Contracts | Other Contracts | Total | |
Liabilities — Derivative Financial Instruments | |||||||
Futures contracts Unrealized depreciation on futures contracts(a) | $ — | $ — | $ 13,541 | $ — | $ — | $ — | $ 13,541 |
(a) | Net cumulative unrealized appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
Commodity Contracts | Credit Contracts | Equity Contracts | Foreign Currency Exchange Contracts | Interest Rate Contracts | Other Contracts | Total | |
Net Realized Gain (Loss) from: | |||||||
Futures contracts | $ — | $ — | $ 241,882 | $ — | $ — | $ — | $ 241,882 |
Net Change in Unrealized Appreciation (Depreciation) on: | |||||||
Futures contracts | $ — | $ — | $ 45,285 | $ — | $ — | $ — | $ 45,285 |
Futures contracts: | |
Average notional value of contracts — long | $4,695,713 |
Level 1 | Level 2 | Level 3 | Total | |
Assets | ||||
Investments | ||||
Long-Term Investments | ||||
Common Stocks | ||||
Brazil | $ 3,057,360 | $ — | $ — | $ 3,057,360 |
Chile | 227,069 | 556,664 | — | 783,733 |
China | 960,452 | 24,235,094 | — | 25,195,546 |
Greece | — | 715,173 | — | 715,173 |
India | 897,788 | 14,195,970 | — | 15,093,758 |
Indonesia | 898,630 | 1,029,867 | — | 1,928,497 |
Level 1 | Level 2 | Level 3 | Total | |
Common Stocks (continued) | ||||
Kuwait | $ — | $ 296,438 | $ — | $ 296,438 |
Malaysia | — | 2,211,142 | — | 2,211,142 |
Mexico | 2,733,425 | — | — | 2,733,425 |
Philippines | 265,431 | 45,094 | — | 310,525 |
Poland | — | 188,593 | — | 188,593 |
Qatar | — | 242,495 | — | 242,495 |
Russia | — | — | 145 | 145 |
Saudi Arabia | 661,379 | 1,959,524 | — | 2,620,903 |
South Africa | — | 1,871,656 | — | 1,871,656 |
South Korea | 38,350 | 9,962,537 | — | 10,000,887 |
Taiwan | 513,505 | 16,771,570 | — | 17,285,075 |
Thailand | — | 1,391,314 | — | 1,391,314 |
Turkey | — | 554,209 | — | 554,209 |
United Arab Emirates | — | 337,088 | — | 337,088 |
United Kingdom | — | 203,608 | — | 203,608 |
United States | 1,373,219 | — | — | 1,373,219 |
Preferred Securities | ||||
Preferred Stocks | 2,047,176 | — | — | 2,047,176 |
Short-Term Securities | ||||
Money Market Funds | 4,653,726 | — | — | 4,653,726 |
$ 18,327,510 | $ 76,768,036 | $ 145 | $ 95,095,691 | |
Derivative Financial Instruments(a) | ||||
Liabilities | ||||
Equity Contracts | $ (13,541 ) | $ — | $ — | $ (13,541 ) |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Security | Shares | Value | |
Common Stocks | |||
Japan — 0.1% | |||
Timee, Inc.(a) | 167,200 | $ 1,276,447 | |
United States — 2.1% | |||
Citigroup, Inc. | 255,000 | 16,363,350 | |
Lineage, Inc. | 37,013 | 2,740,442 | |
Netflix, Inc.(a) | 27,000 | 20,412,810 | |
Palantir Technologies, Inc., Class A(a) | 4 | 166 | |
Procter & Gamble Co. | 74,000 | 12,223,320 | |
Septerna, Inc.(a) | 27,248 | 623,434 | |
Standardaero, Inc.(a) | 49,756 | 1,435,461 | |
53,798,983 | |||
Total Common Stocks — 2.2% (Cost: $41,313,249) | 55,075,430 | ||
Preferred Securities | |||
Preferred Stocks — 0.1%(b) | |||
United States — 0.1% | |||
AliphCom | |||
Series 6, (Acquired 12/15/15, Cost: $0)(c) | 8,264 | — | |
Series 8 | 823,530 | 8 | |
Illumio, Inc., Series C, (Acquired 03/10/15, Cost: $1,500,001)(c) | 466,730 | 2,408,327 | |
2,408,335 | |||
Total Preferred Securities — 0.1% (Cost: $3,250,011) | 2,408,335 |
Par (000) | |||
U.S. Treasury Obligations | |||
U.S. Treasury Floating Rate Notes | |||
(3-mo. U.S. Treasury Money Market Yield + 0.15%), 4.70%, 04/30/26 | $ | 20,300 | 20,283,539 |
(3-mo. U.S. Treasury Money Market Yield + 0.17%), 4.71%, 10/31/25(d) | 15,182 | 15,175,011 | |
(3-mo. U.S. Treasury Money Market Yield + 0.25%), 4.81%, 01/31/26 | 47,165 | 47,184,912 | |
U.S. Treasury Notes, (3-mo. U.S. Treasury Money Market Yield + 0.18%), 4.80%, 07/31/26 | 43,370 | 43,350,300 | |
Total U.S. Treasury Obligations — 5.0% (Cost: $126,014,418) | 125,993,762 | ||
Total Long-Term Investments — 7.3% (Cost: $170,577,678) | 183,477,527 |
Security | Shares | Value | |
Short-Term Securities | |||
Money Market Funds — 0.2% | |||
BlackRock Liquidity Funds, T-Fund, Institutional Shares, 4.75%(e)(f) | 5,349,936 | $ 5,349,936 |
Par (000) | |||
U.S. Government Sponsored Agency Securities — 0.1% | |||
Federal Home Loan Bank Discount Notes, 4.81%, 12/30/24(g) | $ | 3,090 | 3,067,031 |
U.S. Treasury Obligations — 91.5% | |||
U.S. Treasury Bills(g) | |||
5.33%, 11/05/24 | 57,750 | 57,719,858 | |
5.28%, 11/07/24 | 56,800 | 56,755,898 | |
5.31%, 11/12/24 | 39,600 | 39,543,553 | |
4.84%, 11/14/24 | 17,900 | 17,870,031 | |
5.30%, 11/19/24 | 175,051 | 174,646,400 | |
5.07%, 11/21/24 | 229,100 | 228,512,971 | |
4.75%, 11/26/24 | 18,330 | 18,271,465 | |
5.23%, 11/29/24 | 261,148 | 260,214,147 | |
4.75%, 12/03/24 | 42,000 | 41,829,194 | |
5.31%, 12/05/24 | 132,800 | 132,223,340 | |
5.15%, 12/10/24 | 149,945 | 149,202,241 | |
4.82%, 12/12/24 | 194,542 | 193,525,829 | |
5.09%, 12/17/24 | 262,800 | 261,264,386 | |
5.36%, 12/19/24 | 33,240 | 33,038,344 | |
4.89%, 12/24/24 | 110,000 | 109,258,294 | |
5.20%, 12/26/24 | 2,245 | 2,229,131 | |
5.01%, 12/31/24 | 35,600 | 35,337,035 | |
4.59%, 01/02/25 | 50,000 | 49,611,101 | |
4.96%, 01/07/25 | 93,800 | 93,020,535 | |
5.03%, 01/09/25 | 17,250 | 17,101,979 | |
4.88%, 01/14/25 | 45,000 | 44,588,398 | |
4.63%, 01/16/25 | 16,600 | 16,443,807 | |
4.80%, 01/21/25 | 5,000 | 4,949,923 | |
4.68%, 01/23/25 | 5,125 | 5,072,589 | |
4.56%, 01/28/25 | 33,000 | 32,641,104 | |
5.13%, 01/30/25 | 10,500 | 10,383,474 | |
4.56%, 02/11/25 | 28,800 | 28,438,022 | |
4.98%, 02/13/25 | 9,201 | 9,083,248 | |
4.97%, 02/20/25 | 5,355 | 5,282,513 | |
4.57%, 02/25/25 | 22,800 | 22,474,726 | |
4.56%, 03/04/25 | 45,800 | 45,130,647 | |
4.42%, 04/17/25 | 24,100 | 23,616,477 | |
4.48%, 04/24/25 | 3,400 | 3,329,049 | |
4.48%, 05/01/25 | 28,500 | 27,882,592 | |
5.02%, 07/10/25 | 16,000 | 15,538,043 | |
4.24%, 10/02/25 | 9,455 | 9,094,882 | |
U.S. Treasury Floating Rate Notes, (3-mo. U.S. Treasury Money Market Yield + 0.20%), 4.74%, 01/31/25(d) | 20,175 | 20,179,938 |
Security | Par (000) | Value | |
U.S. Treasury Obligations (continued) | |||
U.S. Treasury Notes | |||
1.13%, 02/28/25 | $ | 264 | $ 261,058 |
2.75%, 02/28/25 | 263 | 261,459 | |
2,295,827,681 | |||
Total Short-Term Securities — 91.8% (Cost: $2,303,872,885) | 2,304,244,648 | ||
Total Investments — 99.1% (Cost: $2,474,450,563) | 2,487,722,175 | ||
Other Assets Less Liabilities — 0.9% | 23,202,423 | ||
Net Assets — 100.0% | $ 2,510,924,598 |
(a) | Non-income producing security. |
(b) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(c) | Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $2,408,327, representing 0.1% of its net assets as of period end, and an original cost of $1,500,001. |
(d) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(e) | Affiliate of the Fund. |
(f) | Annualized 7-day yield as of period end. |
(g) | Rates are discount rates or a range of discount rates as of period end. |
Affiliated Issuer | Value at 04/30/24 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 10/31/24 | Shares Held at 10/31/24 | Income | Capital Gain Distributions from Underlying Funds |
BlackRock Liquidity Funds, T-Fund, Institutional Shares | $ 14,255,848 | $ — | $ (8,905,912 )(a) | $ — | $ — | $ 5,349,936 | 5,349,936 | $ 201,224 | $ — |
(a) | Represents net amount purchased (sold). |
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | ||||
CBOE Volatility Index | 371 | 11/20/24 | $ 7,775 | $ 631,486 |
MSCI Singapore Index | 6 | 11/28/24 | 153 | (4,694 ) |
10-Year Japanese Government Treasury Bonds | 17 | 12/13/24 | 16,133 | 53,863 |
CBOE Volatility Index | 675 | 12/18/24 | 13,318 | 417,628 |
10-Year U.S. Treasury Note | 1,337 | 12/19/24 | 147,697 | (1,942,110 ) |
S&P/TSE 60 Index | 161 | 12/19/24 | 33,471 | 251,649 |
DAX Index | 84 | 12/20/24 | 43,775 | (46,849 ) |
E-mini Russell 2000 Index | 239 | 12/20/24 | 26,393 | (217,024 ) |
FTSE/MIB Index | 197 | 12/20/24 | 36,496 | 103,939 |
S&P 500 E-Mini Index | 694 | 12/20/24 | 199,126 | (3,084,287 ) |
S&P 500 Annual Dividend Index | 342 | 12/19/25 | 6,549 | 320,138 |
S&P 500 Annual Dividend Index | 2,326 | 12/18/26 | 44,717 | 569,941 |
(2,946,320 ) | ||||
Short Contracts | ||||
CAC 40 Index | 592 | 11/15/24 | 47,511 | 1,324,743 |
IBEX 35 Index | 120 | 11/15/24 | 15,226 | 399,780 |
OMX Stockholm 30 Index | 821 | 11/15/24 | 19,571 | 243,088 |
TOPIX Index | 112 | 12/12/24 | 19,517 | 357,465 |
SPI 200 Index | 94 | 12/19/24 | 12,553 | 220,667 |
FTSE 100 Index | 143 | 12/20/24 | 15,004 | 392,092 |
NASDAQ 100 E-Mini Index | 16 | 12/20/24 | 6,407 | (31,951 ) |
5-Year U.S. Treasury Note | 1,416 | 12/31/24 | 151,877 | 1,272,967 |
4,178,851 | ||||
$ 1,232,531 |
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) | ||
JPY | 100,296,000 | USD | 663,334 | BNP Paribas SA | 12/18/24 | $ 558 |
USD | 3,189,792 | JPY | 454,271,000 | Goldman Sachs Bank USA | 12/18/24 | 182,823 |
USD | 11,931,987 | JPY | 1,749,740,000 | Goldman Sachs Bank USA | 12/18/24 | 349,884 |
USD | 745,591 | JPY | 110,952,000 | HSBC Bank PLC | 12/18/24 | 11,163 |
USD | 702,659 | JPY | 104,081,000 | UBS AG | 12/18/24 | 13,713 |
558,141 | ||||||
JPY | 216,873,000 | USD | 1,539,793 | HSBC Bank PLC | 12/18/24 | (104,239 ) |
JPY | 133,916,000 | USD | 942,188 | Morgan Stanley & Co. International PLC | 12/18/24 | (55,754 ) |
JPY | 1,219,632,000 | USD | 8,658,900 | Morgan Stanley & Co. International PLC | 12/18/24 | (585,756 ) |
JPY | 5,451,777,715 | USD | 38,558,630 | UBS AG | 12/18/24 | (2,471,526 ) |
(3,217,275 ) | ||||||
$ (2,659,134 ) |
Reference Entity | Fixed Amount Paid (Received) by the Fund(a) | Counterparty | Termination Date | Notional Amount (000) | Value | Upfront Premium Paid (Received) | Unrealized Appreciation (Depreciation) | ||
Amsterdam Index Future November 2024 | EUR | 9,117,630 | HSBC Bank PLC | 11/15/24 | EUR | 232 | $ (232,722) | $ — | $ (232,722) |
Amsterdam Index Future November 2024 | EUR | 2,895,873 | HSBC Bank PLC | 11/15/24 | EUR | 111 | (111,561) | — | (111,561) |
Amsterdam Index Future November 2024 | EUR | 2,097,165 | HSBC Bank PLC | 11/15/24 | EUR | 2 | (2,373) | — | (2,373) |
Swiss Market Index Future December 2024 | CHF | 1,203,315 | HSBC Bank PLC | 12/20/24 | CHF | 27 | (27,346) | — | (27,346) |
Swiss Market Index Future December 2024 | CHF | 1,565,079 | HSBC Bank PLC | 12/20/24 | CHF | 36 | (36,442) | — | (36,442) |
Swiss Market Index Future December 2024 | CHF | 843,263 | HSBC Bank PLC | 12/20/24 | CHF | 20 | (20,234) | — | (20,234) |
Swiss Market Index Future December 2024 | CHF | 2,075,217 | HSBC Bank PLC | 12/20/24 | CHF | 81 | (80,745) | — | (80,745) |
Swiss Market Index Future December 2024 | CHF | 4,042,246 | HSBC Bank PLC | 12/20/24 | CHF | 173 | (172,816) | — | (172,816) |
Swiss Market Index Future December 2024 | CHF | 10,849,421 | HSBC Bank PLC | 12/20/24 | CHF | 132 | (132,188) | — | (132,188) |
FTSE 100 Dividend Index Future December 2025 | GBP | 678,964 | Morgan Stanley & Co. International PLC | 12/18/25 | GBP | 873 | 43,191 | — | 43,191 |
FTSE 100 Dividend Index Future December 2025 | GBP | 598,440 | Morgan Stanley & Co. International PLC | 12/18/25 | GBP | 769 | (18,263) | — | (18,263) |
FTSE 100 Dividend Index Future December 2025 | GBP | 1,291,888 | Morgan Stanley & Co. International PLC | 12/18/25 | GBP | 1,661 | (51,407) | — | (51,407) |
FTSE 100 Dividend Index Future December 2025 | GBP | 1,018,205 | Morgan Stanley & Co. International PLC | 12/18/25 | GBP | 1,309 | (25,235) | — | (25,235) |
FTSE 100 Dividend Index Future December 2025 | GBP | 1,327,367 | Morgan Stanley & Co. International PLC | 12/18/25 | GBP | 1,707 | (16,436) | — | (16,436) |
Euro Stoxx 50 Dividend Future December 2025 | EUR | 898,570 | Morgan Stanley & Co. International PLC | 12/19/25 | EUR | 976 | 141,114 | — | 141,114 |
Euro Stoxx 50 Dividend Future December 2025 | EUR | 582,655 | Morgan Stanley & Co. International PLC | 12/19/25 | EUR | 633 | (14,287) | — | (14,287) |
Euro Stoxx 50 Dividend Future December 2025 | EUR | 1,498,709 | Morgan Stanley & Co. International PLC | 12/19/25 | EUR | 1,627 | (64,274) | — | (64,274) |
Euro Stoxx 50 Dividend Future December 2025 | EUR | 1,159,738 | Morgan Stanley & Co. International PLC | 12/19/25 | EUR | 1,259 | (39,723) | — | (39,723) |
Euro Stoxx 50 Dividend Future December 2025 | EUR | 1,582,194 | Morgan Stanley & Co. International PLC | 12/19/25 | EUR | 1,718 | (34,628) | — | (34,628) |
Nikkei Dividend XSIM Future December 2025 | JPY | 406,870,000 | BNP Paribas SA | 03/31/26 | JPY | 2,671 | 261,867 | — | 261,867 |
Reference Entity | Fixed Amount Paid (Received) by the Fund(a) | Counterparty | Termination Date | Notional Amount (000) | Value | Upfront Premium Paid (Received) | Unrealized Appreciation (Depreciation) | ||
Nikkei Dividend XSIM Future December 2025 | JPY | 321,640,000 | BNP Paribas SA | 03/31/26 | JPY | 2,112 | $ 62,544 | $ — | $ 62,544 |
Nikkei Dividend XSIM Future December 2025 | JPY | 194,000,000 | BNP Paribas SA | 03/31/26 | JPY | 1,274 | (9,708) | — | (9,708) |
FTSE 100 Dividend Index Future December 2026 | GBP | 1,409,753 | Morgan Stanley & Co. International PLC | 12/17/26 | GBP | 1,812 | (45,201) | — | (45,201) |
FTSE 100 Dividend Index Future December 2026 | GBP | 1,351,806 | Morgan Stanley & Co. International PLC | 12/17/26 | GBP | 1,738 | (62,613) | — | (62,613) |
FTSE 100 Dividend Index Future December 2026 | GBP | 1,250,795 | Morgan Stanley & Co. International PLC | 12/17/26 | GBP | 1,608 | (94,516) | — | (94,516) |
FTSE 100 Dividend Index Future December 2026 | GBP | 1,015,657 | Morgan Stanley & Co. International PLC | 12/17/26 | GBP | 1,306 | (64,025) | — | (64,025) |
Euro Stoxx 50 Dividend Future December 2026 | EUR | 2,609,432 | Morgan Stanley & Co. International PLC | 12/18/26 | EUR | 2,833 | (103,154) | — | (103,154) |
Euro Stoxx 50 Dividend Future December 2026 | EUR | 743,293 | Morgan Stanley & Co. International PLC | 12/18/26 | EUR | 807 | (29,383) | — | (29,383) |
Euro Stoxx 50 Dividend Future December 2026 | EUR | 1,458,437 | Morgan Stanley & Co. International PLC | 12/18/26 | EUR | 1,583 | (94,457) | — | (94,457) |
Euro Stoxx 50 Dividend Future December 2026 | EUR | 1,145,383 | Morgan Stanley & Co. International PLC | 12/18/26 | EUR | 1,243 | (68,902) | — | (68,902) |
Nikkei Dividend XSIM Future December 2026 | JPY | 940,800,000 | BNP Paribas SA | 03/31/27 | JPY | 6,176 | 33,171 | — | 33,171 |
$ (1,110,752) | $ — | $ (1,110,752) |
(a) | At termination, the fixed amount paid (received) will be exchanged for the total return of the reference entity. |
Reference Entity | Payment Frequency | Counterparty(a) | Termination Date | Net Notional | Accrued Unrealized Appreciation (Depreciation) | Net Value of Reference Entity | Gross Notional Amount Net Asset Percentage |
Equity Securities Long/Short | Monthly | Bank of America N.A.(b) | 02/15/28 | $16,348,213 | $3,351,722 (c) | $19,426,816 | 46.7 % |
Monthly | Bank of America N.A.(d) | 02/15/28 | 25,770,692 | (1,871,529 )(e) | 23,358,367 | 30.5 | |
Monthly | Bank of America N.A.(f) | 02/15/28 – 03/15/28 | (227,064 ) | 1,412,922 (g) | 1,510,348 | 19.0 | |
Monthly | Barclays Bank PLC(h) | 12/06/24 – 02/22/27 | (15,549,826 ) | 7,200,224 (i) | (6,390,181 ) | 122.0 | |
Monthly | Barclays Bank PLC(j) | 12/06/24 – 04/06/26 | 5,620,798 | (3,671,957 )(k) | 5,256,418 | 62.6 | |
Monthly | Barclays Bank PLC(l) | 08/15/25 – 10/20/25 | 4,016,236 | (8,217,527 )(m) | (2,851,423 ) | 30.3 | |
Monthly | BNP Paribas SA(n) | 03/21/25 – 06/17/26 | (17,017,372 ) | (543,631 )(o) | (19,084,010 ) | 58.9 | |
Monthly | BNP Paribas SA(p) | 03/17/25 – 06/17/26 | (7,560,170 ) | 1,954,567 (q) | (6,435,302 ) | 30.5 | |
Monthly | BNP Paribas SA(r) | 08/17/26 – 09/09/26 | 947,285 | 1,566,758 (s) | 2,033,663 | 18.6 | |
Monthly | Goldman Sachs Bank USA(t) | 08/18/25 – 08/19/26 | (3,347,834 ) | (7,287,574 )(u) | (10,804,259 ) | 50.3 | |
Monthly | Goldman Sachs Bank USA(v) | 08/18/26 – 08/19/26 | (5,585,721 ) | (2,711,052 )(w) | (8,983,608 ) | 38.8 | |
Monthly | Goldman Sachs Bank USA(x) | 08/18/26 – 08/19/26 | (302,366 ) | (766,437 )(y) | (1,506,169 ) | 17.2 | |
Monthly | UBS AG(z) | 05/11/26 – 05/15/28 | (8,775,003 ) | 4,098,267 (aa) | (5,487,575 ) | 25.8 | |
Monthly | UBS AG(ab) | 04/18/28 | (11,808,204 ) | (1,027,212 )(ac) | (12,819,134 ) | 41.4 | |
Monthly | UBS AG(ad) | 09/03/29 – 09/04/29 | (2,514,034 ) | (1,113,607 )(ae) | (3,749,813 ) | 14.3 | |
$(7,626,066 ) | $(26,525,862 ) |
(a) | The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. |
(c) | Amount includes $273,119 of net dividends and financing fees. |
(e) | Amount includes $540,796 of net dividends and financing fees. |
(g) | Amount includes $(324,490) of net dividends and financing fees. |
(i) | Amount includes $(1,959,421) of net dividends and financing fees. |
(k) | Amount includes $(3,307,577) of net dividends and financing fees. |
(m) | Amount includes $(1,349,868) of net dividends and financing fees. |
(o) | Amount includes $1,523,007 of net dividends and financing fees. |
(q) | Amount includes $829,699 of net dividends and financing fees. |
(s) | Amount includes $480,380 of net dividends and financing fees. |
(u) | Amount includes $168,851 of net dividends and financing fees. |
(w) | Amount includes $686,835 of net dividends and financing fees. |
(y) | Amount includes $437,366 of net dividends and financing fees. |
(aa) | Amount includes $810,839 of net dividends and financing fees. |
(ac) | Amount includes $(16,282) of net dividends and financing fees. |
(ae) | Amount includes $122,172 of net dividends and financing fees. |
The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest: | |||
(b) | (d) | (f) | |
Range: Benchmarks: | 0-188 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - 1W Copenhagen Interbank Swap Rate (CIBOR) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) | 10-800 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - 1W Copenhagen Interbank Swap Rate (CIBOR) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) | 0-200 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - 1W Copenhagen Interbank Swap Rate (CIBOR) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) |
(h) | (j) | (l) | |
0-156 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1M New Zealand Bank Bill Rate (BBR) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) | 15-663 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1M New Zealand Bank Bill Rate (BBR) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) | 0-156 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) |
(n) | (p) | (r) | |
0-169 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) JPY - 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1D New Zealand Official Overnight Deposit Rate (NZOCO) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) | 0-815 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1D New Zealand Official Overnight Deposit Rate (NZOCO) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) USD - 1D Overnight Bank Funding Rate (OBFR01) | 0-130 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1D New Zealand Official Overnight Deposit Rate (NZOCO) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) | |
(t) | (v) | (x) | |
0-1,414 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) CHF - Swiss Average Rate O/N (SSARON) DKK - Danish Tom/Next Reference Rate (DETNT/N) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1D New Zealand Official Overnight Deposit Rate (NZOCO) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Fed Funds Effective Rate (FEDL01) | 0-119 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) CHF - Swiss Average Rate O/N (SSARON) DKK - Danish Tom/Next Reference Rate (DETNT/N) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Fed Funds Effective Rate (FEDL01) | 5-141 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) CHF - Swiss Average Rate O/N (SSARON) DKK - Danish Tom/Next Reference Rate (DETNT/N) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SGD - Overnight Rate Average (SORA) | |
(z) | (ab) | (ad) | |
0-238 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1M New Zealand Bank Bill Rate (BBR) SEK - TN Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) | 15-794 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1M New Zealand Bank Bill Rate (BBR) SEK - TN Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01) | 10-40 basis points AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) DKK - Denmark Short-Term Rate EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1M New Zealand Bank Bill Rate (BBR) SEK - TN Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 317,607 | $2,180,693 | 11.2 % |
South32 Ltd. | 1,745,269 | 4,185,423 | 21.5 |
Worley Ltd. | 134,574 | 1,235,752 | 6.4 |
7,601,868 | |||
Belgium | |||
Liberty Global Ltd., Class C | 278,191 | 5,736,298 | 29.5 |
Canada | |||
Algonquin Power & Utilities Corp. | 779,852 | 3,769,457 | 19.4 |
Barrick Gold Corp. | 41,461 | 801,318 | 4.1 |
CGI, Inc., Class A | 116,438 | 12,898,623 | 66.4 |
Emera, Inc. | 41,715 | 1,575,903 | 8.1 |
FirstService Corp. | 17,058 | 3,158,367 | 16.3 |
George Weston Ltd. | 2,926 | 464,113 | 2.4 |
IGM Financial, Inc. | 18,259 | 548,550 | 2.8 |
Keyera Corp. | 92,163 | 2,830,387 | 14.6 |
Magna International, Inc. | 84,544 | 3,337,799 | 17.2 |
TC Energy Corp. | 77,876 | 3,622,114 | 18.6 |
TELUS Corp. | 153,799 | 2,431,225 | 12.5 |
35,437,856 | |||
Chile | |||
Lundin Mining Corp. | 69,795 | 678,726 | 3.5 |
China | |||
Budweiser Brewing Co APAC Ltd. | 2,382,500 | 2,484,895 | 12.8 |
Denmark | |||
Genmab A/S | 2,814 | 630,215 | 3.2 |
Novo Nordisk A/S, Class B | 86,968 | 9,754,765 | 50.2 |
10,384,980 | |||
Finland | |||
Fortum OYJ | 189,714 | 2,801,074 | 14.4 |
France | |||
Alstom SA | 98,533 | 2,167,377 | 11.1 |
Amundi SA | 22,158 | 1,606,545 | 8.3 |
Credit Agricole SA | 34,026 | 521,553 | 2.7 |
Gaztransport Et Technigaz SA | 10,926 | 1,589,723 | 8.2 |
Valeo SE | 601,908 | 5,851,835 | 30.1 |
11,737,033 | |||
Germany | |||
Nordex SE | 56,405 | 803,802 | 4.1 |
Hong Kong | |||
WH Group Ltd. | 2,399,000 | 1,867,181 | 9.6 |
Israel | |||
Nice Ltd. | 1,711 | 297,302 | 1.5 |
Nova Ltd. | 6,282 | 1,164,055 | 6.0 |
Wix.com Ltd. | 8,183 | 1,367,543 | 7.1 |
2,828,900 |
Security | Shares | Value | % of Basket Value |
Italy | |||
Saipem SpA | 2,701,843 | $6,423,882 | 33.1 % |
Japan | |||
AGC, Inc. | 145,500 | 4,458,867 | 23.0 |
Amada Co. Ltd. | 540,900 | 5,330,515 | 27.4 |
Asahi Kasei Corp. | 262,000 | 1,807,454 | 9.3 |
Canon, Inc. | 151,100 | 4,914,524 | 25.3 |
Daito Trust Construction Co. Ltd. | 27,100 | 2,994,644 | 15.4 |
Daiwa House Industry Co. Ltd. | 159,900 | 4,769,601 | 24.6 |
J Front Retailing Co. Ltd. | 50,400 | 535,231 | 2.8 |
Japan Tobacco, Inc. | 602,200 | 16,811,889 | 86.5 |
KDDI Corp. | 77,900 | 2,428,874 | 12.5 |
Kyowa Kirin Co. Ltd. | 11,900 | 196,133 | 1.0 |
Mitsubishi Chemical Group Corp. | 501,100 | 2,703,980 | 13.9 |
Mizuho Financial Group, Inc. | 337,900 | 7,018,517 | 36.1 |
NEC Corp. | 29,100 | 2,476,128 | 12.8 |
Nexon Co. Ltd. | 357,400 | 6,194,436 | 31.9 |
Nippon Express Holdings, Inc | 7,600 | 374,695 | 1.9 |
Obayashi Corp. | 182,500 | 2,237,308 | 11.5 |
Ono Pharmaceutical Co. Ltd. | 39,600 | 494,611 | 2.6 |
Otsuka Corp. | 11,500 | 258,100 | 1.3 |
Sankyo Co. Ltd. | 68,800 | 913,825 | 4.7 |
Skylark Holdings Co. Ltd. | 180,100 | 2,789,435 | 14.4 |
Sumitomo Corp. | 396,200 | 8,358,397 | 43.0 |
Sumitomo Mitsui Trust Group, Inc. | 271,200 | 5,947,503 | 30.6 |
Suzuki Motor Corp. | 125,900 | 1,249,347 | 6.4 |
Takeda Pharmaceutical Co. Ltd. | 306,600 | 8,554,506 | 44.0 |
TDK Corp. | 482,000 | 5,666,051 | 29.2 |
Tokyo Tatemono Co. Ltd. | 6,900 | 112,676 | 0.6 |
Toyota Tsusho Corp. | 206,600 | 3,511,934 | 18.1 |
103,109,181 | |||
Luxembourg | |||
CVC Capital Partners PLC | 4,454 | 93,457 | 0.5 |
Macau | |||
Galaxy Entertainment Group Ltd., Class L | 101,000 | 449,508 | 2.3 |
New Zealand | |||
Xero Ltd. | 36,396 | 3,536,073 | 18.2 |
Norway | |||
Aker BP ASA | 377,669 | 8,081,236 | 41.6 |
Equinor ASA | 736 | 17,489 | 0.1 |
8,098,725 | |||
Singapore | |||
CapitaLand Integrated Commercial Trust | 84,884 | 128,962 | 0.7 |
Spain | |||
Telefonica SA | 732,913 | 3,439,305 | 17.7 |
Sweden | |||
AddTech AB, Class B | 13,989 | 389,471 | 2.0 |
Switzerland | |||
ABB Ltd., Class N, Registered Shares | 61,541 | 3,419,901 | 17.6 |
CRISPR Therapeutics AG | 82,767 | 3,839,561 | 19.8 |
Kuehne & Nagel International AG, Registered Shares | 37,854 | 9,449,829 | 48.6 |
TE Connectivity PLC | 1,399 | 206,241 | 1.1 |
16,915,532 |
Security | Shares | Value | % of Basket Value |
United Kingdom | |||
International Consolidated Airlines Group SA | 2,024,662 | $5,514,768 | 28.4 % |
J Sainsbury PLC | 1,195,057 | 4,114,336 | 21.2 |
Man Group PLC/Jersey | 17 | 44 | 0.0 |
Marks & Spencer Group PLC | 518,713 | 2,516,741 | 13.0 |
MONY Group PLC | 1 | 2 | 0.0 |
Smiths Group PLC | 98,633 | 1,946,309 | 10.0 |
Tesco PLC | 1,690,914 | 7,466,523 | 38.4 |
21,558,723 | |||
United States | |||
Advanced Drainage Systems, Inc. | 17,883 | 2,680,304 | 13.8 |
AECOM | 29,867 | 3,189,796 | 16.4 |
Alaska Air Group, Inc. | 154,338 | 7,394,334 | 38.1 |
AutoNation, Inc. | 16,737 | 2,602,101 | 13.4 |
Best Buy Co., Inc. | 132,131 | 11,948,606 | 61.5 |
Box, Inc., Class A | 73,910 | 2,347,382 | 12.1 |
Colgate-Palmolive Co. | 11,701 | 1,096,501 | 5.6 |
Delta Air Lines, Inc. | 165,914 | 9,493,599 | 48.9 |
Dick’s Sporting Goods, Inc. | 24,691 | 4,833,263 | 24.9 |
Dover Corp. | 20,514 | 3,883,916 | 20.0 |
Equity LifeStyle Properties, Inc. | 49,288 | 3,456,075 | 17.8 |
Essent Group Ltd. | 64,885 | 3,893,749 | 20.0 |
Experian PLC | 5,529 | 269,847 | 1.4 |
Flex Ltd. | 128,147 | 4,442,857 | 22.9 |
Flowserve Corp. | 43,672 | 2,298,894 | 11.8 |
Fox Corp., Class A | 149,487 | 6,278,454 | 32.3 |
Garmin Ltd. | 5,210 | 1,033,404 | 5.3 |
Haleon PLC | 836,397 | 4,019,781 | 20.7 |
Invesco Ltd. | 208,153 | 3,609,373 | 18.6 |
IQVIA Holdings, Inc. | 102,622 | 21,121,660 | 108.7 |
Kyndryl Holdings, Inc. | 388,179 | 8,885,417 | 45.7 |
Lamar Advertising Co., Class A | 9,972 | 1,316,304 | 6.8 |
Lazard, Inc. | 42,332 | 2,243,173 | 11.5 |
Louisiana-Pacific Corp. | 20,743 | 2,051,483 | 10.6 |
Maximus, Inc. | 45,155 | 3,903,198 | 20.1 |
Mettler-Toledo International, Inc. | 703 | 908,100 | 4.7 |
MGIC Investment Corp. | 143,643 | 3,596,821 | 18.5 |
Natera, Inc. | 31,345 | 3,791,491 | 19.5 |
Netflix, Inc. | 5,179 | 3,915,479 | 20.2 |
Newmont Corp. | 235,667 | 10,708,709 | 55.1 |
Nutanix, Inc., Class A | 44,264 | 2,748,794 | 14.2 |
NVIDIA Corp. | 164,896 | 21,891,593 | 112.7 |
NVR, Inc. | 738 | 6,754,774 | 34.8 |
Olin Corp. | 79,706 | 3,270,337 | 16.8 |
Oshkosh Corp. | 81,941 | 8,377,648 | 43.1 |
Paramount Global, Class B | 185,064 | 2,024,600 | 10.4 |
Penske Automotive Group, Inc. | 22,249 | 3,350,032 | 17.2 |
Pilgrim’s Pride Corp. | 59,053 | 2,860,527 | 14.7 |
Post Holdings, Inc. | 4,125 | 450,491 | 2.3 |
Primo Water Corp. | 33,726 | 885,569 | 4.6 |
Qualys, Inc. | 48,180 | 5,744,983 | 29.6 |
Ralph Lauren Corp., Class A | 19,780 | 3,915,055 | 20.2 |
ROBLOX Corp., Class A | 576,986 | 29,841,716 | 153.6 |
Sirius XM Holdings, Inc. | 338,058 | 9,012,626 | 46.4 |
Teradyne, Inc. | 14,607 | 1,551,410 | 8.0 |
Trane Technologies PLC | 47,526 | 17,592,224 | 90.6 |
Travelers Cos, Inc. | 24,812 | 6,102,263 | 31.4 |
Truist Financial Corp. | 137,918 | 5,937,370 | 30.6 |
Tyson Foods, Inc., Class A | 479,055 | 28,067,832 | 144.5 |
UGI Corp. | 108,359 | 2,590,864 | 13.3 |
Ventas, Inc. | 96,384 | 6,312,188 | 32.5 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
VeriSign, Inc. | 21,341 | $3,773,942 | 19.4 % |
Verizon Communications, Inc. | 346,267 | 14,588,229 | 75.1 |
Whirlpool Corp. | 22,779 | 2,357,854 | 12.1 |
Xylem, Inc. | 48,538 | 5,910,958 | 30.4 |
337,127,950 | |||
Total Reference Entity — Long | 583,633,382 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Pilbara Minerals Ltd. | (673,054 ) | (1,246,622 ) | (6.4 ) |
Belgium | |||
D Ieteren Group | (31,705 ) | (6,864,031 ) | (35.3 ) |
Elia Group SA/NV | (10,732 ) | (1,021,212 ) | (5.3 ) |
(7,885,243 ) | |||
Canada | |||
Alimentation Couche-Tard, Inc. | (193,517 ) | (10,091,765 ) | (52.0 ) |
AltaGas Ltd. | (259,287 ) | (6,195,625 ) | (31.9 ) |
Canadian Western Bank | (118,696 ) | (4,880,487 ) | (25.1 ) |
Capstone Copper Corp. | (489,355 ) | (3,384,558 ) | (17.4 ) |
iA Financial Corp., Inc. | (11,192 ) | (911,855 ) | (4.7 ) |
Metro, Inc. | (26,415 ) | (1,568,755 ) | (8.1 ) |
National Bank of Canada | (84,514 ) | (8,060,803 ) | (41.5 ) |
Quebecor, Inc., Class B | (16,658 ) | (414,790 ) | (2.1 ) |
(35,508,638 ) | |||
China | |||
Wharf Holdings, Ltd. | (34,000 ) | (96,336 ) | (0.5 ) |
Denmark | |||
Carlsberg A/S, Class B | (396 ) | (43,764 ) | (0.2 ) |
Coloplast A/S, Class B | (27,823 ) | (3,484,847 ) | (18.0 ) |
(3,528,611 ) | |||
Finland | |||
Kesko OYJ, Class B | (26,981 ) | (579,504 ) | (3.0 ) |
Neste OYJ | (32,415 ) | (520,455 ) | (2.7 ) |
(1,099,959 ) | |||
France | |||
Biomerieux | (2,628 ) | (294,135 ) | (1.5 ) |
Bollore SE | (76,383 ) | (476,857 ) | (2.5 ) |
Hermes International SCA | (4,541 ) | (10,320,561 ) | (53.1 ) |
LVMH Moet Hennessy Louis Vuitton SE | (26,932 ) | (17,929,180 ) | (92.3 ) |
Renault SA | (4,396 ) | (201,136 ) | (1.0 ) |
Sartorius Stedim Biotech | (3,128 ) | (627,486 ) | (3.2 ) |
TotalEnergies SE | (40,255 ) | (2,526,229 ) | (13.0 ) |
(32,375,584 ) | |||
Germany | |||
MTU Aero Engines AG | (27,025 ) | (8,832,880 ) | (45.5 ) |
SAP SE | (30,913 ) | (7,217,718 ) | (37.1 ) |
(16,050,598 ) | |||
Hong Kong | |||
Power Assets Holdings Ltd. | (28,000 ) | (186,515 ) | (1.0 ) |
Israel | |||
Global-e Online Ltd. | (78,681 ) | (3,024,498 ) | (15.6 ) |
Mobileye Global, Inc., Class A | (35,354 ) | (481,168 ) | (2.5 ) |
Security | Shares | Value | % of Basket Value |
Israel (continued) | |||
Oddity Tech Ltd., Class A | (24,624 ) | $(945,315 ) | (4.8 )% |
Teva Pharmaceutical Industries Ltd., ADR | (198,560 ) | (3,661,446 ) | (18.8 ) |
(8,112,427 ) | |||
Italy | |||
DiaSorin SpA | (736 ) | (79,937 ) | (0.4 ) |
Iveco Group NV | (7,380 ) | (76,692 ) | (0.4 ) |
Leonardo SpA | (9,880 ) | (235,498 ) | (1.2 ) |
Nexi SpA | (114,586 ) | (724,274 ) | (3.7 ) |
(1,116,401 ) | |||
Japan | |||
Asics Corp. | (142,600 ) | (2,490,779 ) | (12.8 ) |
BayCurrent, Inc. | (29,000 ) | (942,472 ) | (4.8 ) |
Chugoku Electric Power Co., Inc. | (42,900 ) | (312,212 ) | (1.6 ) |
Cosmos Pharmaceutical Corp. | (18,300 ) | (879,553 ) | (4.5 ) |
Food & Life Cos. Ltd. | (1,100 ) | (21,692 ) | (0.1 ) |
Fujikura Ltd. | (30,200 ) | (1,109,948 ) | (5.7 ) |
Hamamatsu Photonics KK | (4,000 ) | (52,891 ) | (0.3 ) |
Hoya Corp. | (12,200 ) | (1,632,286 ) | (8.4 ) |
Ibiden Co. Ltd. | (52,000 ) | (1,651,763 ) | (8.5 ) |
Japan Post Bank Co. Ltd. | (10,700 ) | (95,565 ) | (0.5 ) |
Japan Real Estate Investment Corp. | (270 ) | (982,112 ) | (5.1 ) |
Kawasaki Heavy Industries Ltd. | (8,900 ) | (340,766 ) | (1.8 ) |
Keisei Electric Railway Co. Ltd. | (14,800 ) | (385,064 ) | (2.0 ) |
Keyence Corp. | (25,200 ) | (11,375,615 ) | (58.6 ) |
Kintetsu Group Holdings Co. Ltd., Class L | (12,500 ) | (290,519 ) | (1.5 ) |
Kobe Bussan Co. Ltd. | (81,300 ) | (1,994,264 ) | (10.3 ) |
Kosaido Holdings Co. Ltd. | (26,300 ) | (1,319,447 ) | (6.8 ) |
Kyoto Financial Group, Inc. | (17,400 ) | (255,369 ) | (1.3 ) |
Kyushu Railway Co. | (98,800 ) | (2,599,478 ) | (13.4 ) |
Makita Corp. | (5,800 ) | (189,381 ) | (1.0 ) |
Maruwa Co. Ltd. | (1,800 ) | (496,561 ) | (2.6 ) |
MatsukiyoCocokara & Co. | (14,000 ) | (190,606 ) | (1.0 ) |
Mercari, Inc. | (1,800 ) | (25,180 ) | (0.1 ) |
Mitsubishi Heavy Industries Ltd. | (70,900 ) | (1,000,892 ) | (5.2 ) |
Nichirei Corp. | (300 ) | (8,384 ) | (0.0 ) |
Nippon Building Fund, Inc. | (72 ) | (61,840 ) | (0.3 ) |
Nissan Chemical Corp. | (2,600 ) | (87,816 ) | (0.4 ) |
Nitori Holdings Co. Ltd. | (9,500 ) | (1,209,868 ) | (6.2 ) |
NTT Data Group Corp. | (42,800 ) | (677,106 ) | (3.5 ) |
Omron Corp. | (30,900 ) | (1,219,972 ) | (6.3 ) |
Rakus Co. Ltd. | (58,900 ) | (787,569 ) | (4.1 ) |
Rakuten Bank Ltd. | (12,600 ) | (255,459 ) | (1.3 ) |
Rohto Pharmaceutical Co. Ltd. | (31,000 ) | (697,108 ) | (3.6 ) |
Rorze Corp. | (176,500 ) | (2,572,403 ) | (13.2 ) |
Ryohin Keikaku Co. Ltd. | (47,500 ) | (777,332 ) | (4.0 ) |
Sanrio Co. Ltd. | (3,500 ) | (94,951 ) | (0.5 ) |
Sapporo Holdings Ltd. | (2,100 ) | (100,799 ) | (0.5 ) |
SBI Sumishin Net Bank Ltd. | (34,000 ) | (595,577 ) | (3.1 ) |
Secom Co. Ltd. | (8,200 ) | (291,616 ) | (1.5 ) |
Seibu Holdings, Inc. | (30,300 ) | (676,557 ) | (3.5 ) |
SG Holdings Co. Ltd. | (42,700 ) | (428,210 ) | (2.2 ) |
SUMCO Corp. | (64,900 ) | (620,536 ) | (3.2 ) |
Sumitomo Forestry Co. Ltd. | (7,600 ) | (292,781 ) | (1.5 ) |
Toho Co. Ltd. | (32,000 ) | (1,222,022 ) | (6.3 ) |
Tohoku Electric Power Co., Inc. | (50,600 ) | (496,330 ) | (2.6 ) |
Tokyo Electric Power Co Holdings, Inc. | (752,400 ) | (3,038,578 ) | (15.6 ) |
Tokyo Gas Co. Ltd. | (12,100 ) | (298,542 ) | (1.5 ) |
TOPPAN Holdings, Inc. | (9,200 ) | (269,111 ) | (1.4 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Trial Holdings, Inc. | (8,800 ) | $(164,133 ) | (0.8 )% |
Visional, Inc. | (100 ) | (5,351 ) | (0.0 ) |
Yakult Honsha Co. Ltd. | (5,700 ) | (123,867 ) | (0.6 ) |
(47,708,233 ) | |||
Netherlands | |||
Heineken Holding NV | (11,868 ) | (822,311 ) | (4.2 ) |
IMCD NV | (1,791 ) | (284,753 ) | (1.5 ) |
JDE Peet’s NV | (17,031 ) | (384,500 ) | (2.0 ) |
(1,491,564 ) | |||
Norway | |||
Orkla ASA | (40,253 ) | (371,879 ) | (1.9 ) |
Singapore | |||
Grab Holdings Ltd., Class A | (415,514 ) | (1,695,297 ) | (8.7 ) |
Oversea-Chinese Banking Corp. Ltd. | (317,800 ) | (3,646,152 ) | (18.8 ) |
(5,341,449 ) | |||
Spain | |||
Amadeus IT Group SA | (21,165 ) | (1,534,320 ) | (7.9 ) |
Cellnex Telecom SA | (60,432 ) | (2,219,411 ) | (11.4 ) |
Repsol SA | (89,725 ) | (1,123,210 ) | (5.8 ) |
(4,876,941 ) | |||
Sweden | |||
Epiroc AB, Class A | (137,762 ) | (2,690,532 ) | (13.9 ) |
Epiroc AB, Class B | (43,319 ) | (746,258 ) | (3.8 ) |
Getinge AB, Class B | (26,692 ) | (472,199 ) | (2.4 ) |
Investment AB Latour, Class B | (12,431 ) | (343,117 ) | (1.8 ) |
Lifco AB, Class B | (3,194 ) | (95,302 ) | (0.5 ) |
Sandvik Ab | (101,428 ) | (1,996,467 ) | (10.3 ) |
Skandinaviska Enskilda Banken AB, Class A | (152,782 ) | (2,157,779 ) | (11.1 ) |
(8,501,654 ) | |||
Switzerland | |||
Baloise Holding AG, Class N, Registered Shares | (22,022 ) | (4,214,555 ) | (21.7 ) |
Partners Group Holding AG | (1,154 ) | (1,587,706 ) | (8.2 ) |
Swiss Life Holding AG, Class N, Registered Shares | (6,315 ) | (5,142,302 ) | (26.4 ) |
(10,944,563 ) | |||
United Kingdom | |||
DS Smith PLC | (64,686 ) | (454,785 ) | (2.3 ) |
JD Sports Fashion PLC | (578,401 ) | (927,458 ) | (4.8 ) |
(1,382,243 ) | |||
United States | |||
Affirm Holdings, Inc., Class A | (46,809 ) | (2,052,575 ) | (10.6 ) |
Aflac, Inc. | (300,592 ) | (31,499,036 ) | (162.1 ) |
Air Lease Corp., Class A | (74,975 ) | (3,325,141 ) | (17.1 ) |
Air Products and Chemicals, Inc. | (39,227 ) | (12,181,160 ) | (62.7 ) |
Altair Engineering, Inc., Class A | (2,075 ) | (215,779 ) | (1.1 ) |
Ameren Corp. | (30,580 ) | (2,663,824 ) | (13.7 ) |
American Water Works Co., Inc. | (110,997 ) | (15,329,796 ) | (78.9 ) |
Antero Midstream Corp. | (110,405 ) | (1,586,520 ) | (8.2 ) |
Aspen Technology, Inc. | (43,712 ) | (10,260,518 ) | (52.8 ) |
AST SpaceMobile, Inc., Class A | (27,444 ) | (653,442 ) | (3.4 ) |
Astera Labs, Inc. | (1,901 ) | (133,374 ) | (0.7 ) |
ATI, Inc. | (23,964 ) | (1,263,142 ) | (6.5 ) |
AutoZone, Inc. | (2,380 ) | (7,161,420 ) | (36.9 ) |
Caesars Entertainment, Inc. | (102,517 ) | (4,105,806 ) | (21.1 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Carpenter Technology Corp. | (70,382 ) | $(10,522,109 ) | (54.2 )% |
Champion Homes, Inc. | (111,726 ) | (9,857,585 ) | (50.8 ) |
Churchill Downs, Inc. | (11,546 ) | (1,617,595 ) | (8.3 ) |
Civitas Resources, Inc. | (5,600 ) | (273,224 ) | (1.4 ) |
Coca-Cola Consolidated, Inc. | (1,675 ) | (1,883,136 ) | (9.7 ) |
Core & Main, Inc., Class A | (32,160 ) | (1,424,045 ) | (7.3 ) |
Coty, Inc., Class A | (252,627 ) | (1,879,545 ) | (9.7 ) |
Diamondback Energy, Inc. | (4,805 ) | (849,380 ) | (4.4 ) |
Dillard’s, Inc., Class A | (27,519 ) | (10,223,859 ) | (52.6 ) |
Doximity, Inc., Class A | (45,372 ) | (1,893,827 ) | (9.8 ) |
Dun & Bradstreet Holdings, Inc. | (36,536 ) | (434,413 ) | (2.2 ) |
Dutch Bros, Inc., Class A | (73,944 ) | (2,449,025 ) | (12.6 ) |
Eastman Chemical Co. | (41,613 ) | (4,373,110 ) | (22.5 ) |
Erie Indemnity Co., Class A | (2,360 ) | (1,059,262 ) | (5.5 ) |
Expand Energy Corp. | (3,331 ) | (282,202 ) | (1.5 ) |
Frontier Communications Parent, Inc. | (74,279 ) | (2,653,989 ) | (13.7 ) |
FTAI Aviation Ltd. | (105,969 ) | (14,246,472 ) | (73.3 ) |
Harley-Davidson, Inc. | (131,407 ) | (4,198,454 ) | (21.6 ) |
Howmet Aerospace, Inc. | (85,544 ) | (8,530,448 ) | (43.9 ) |
Intra-Cellular Therapies, Inc. | (309 ) | (26,188 ) | (0.1 ) |
KBR, Inc. | (7,256 ) | (486,225 ) | (2.5 ) |
Kenvue, Inc. | (810,321 ) | (18,580,661 ) | (95.7 ) |
KKR & Co., Inc., Class A | (91,251 ) | (12,614,538 ) | (64.9 ) |
LKQ Corp. | (204,562 ) | (7,525,836 ) | (38.7 ) |
MarketAxess Holdings, Inc. | (10,236 ) | (2,962,503 ) | (15.3 ) |
Matador Resources Co. | (4,503 ) | (234,651 ) | (1.2 ) |
McKesson Corp. | (5,377 ) | (2,691,672 ) | (13.9 ) |
Mueller Industries, Inc. | (52,992 ) | (4,343,754 ) | (22.4 ) |
National Storage Affiliates Trust | (41,163 ) | (1,735,020 ) | (8.9 ) |
NiSource, Inc. | (259,618 ) | (9,128,169 ) | (47.0 ) |
Nordson Corp. | (13,669 ) | (3,388,408 ) | (17.4 ) |
ON Semiconductor Corp. | (281,968 ) | (19,875,924 ) | (102.3 ) |
O’Reilly Automotive, Inc. | (12,641 ) | (14,576,843 ) | (75.0 ) |
Pinnacle Financial Partners, Inc. | (23,282 ) | (2,455,087 ) | (12.6 ) |
Prosperity Bancshares, Inc. | (24,950 ) | (1,826,340 ) | (9.4 ) |
PTC, Inc. | (19,313 ) | (3,579,278 ) | (18.4 ) |
Raymond James Financial, Inc. | (36,302 ) | (5,380,682 ) | (27.7 ) |
Realty Income Corp. | (437,116 ) | (25,951,577 ) | (133.6 ) |
Rexford Industrial Realty, Inc. | (278,294 ) | (11,936,030 ) | (61.4 ) |
Robinhood Markets, Inc., Class A | (103,382 ) | (2,428,443 ) | (12.5 ) |
Sempra | (259,377 ) | (21,624,260 ) | (111.3 ) |
SentinelOne, Inc., Class A | (45,295 ) | (1,168,158 ) | (6.0 ) |
Six Flags Entertainment Corp. | (39,093 ) | (1,540,655 ) | (7.9 ) |
SoFi Technologies, Inc. | (725,469 ) | (8,103,489 ) | (41.7 ) |
STAG Industrial, Inc. | (1,139 ) | (42,462 ) | (0.2 ) |
Symbotic, Inc., Class A | (19,404 ) | (539,237 ) | (2.8 ) |
Teledyne Technologies, Inc. | (7,756 ) | (3,531,462 ) | (18.2 ) |
TKO Group Holdings, Inc., Class A | (15,103 ) | (1,763,577 ) | (9.1 ) |
Valaris Ltd. | (65,893 ) | (3,334,186 ) | (17.2 ) |
Vornado Realty Trust | (255,690 ) | (10,588,123 ) | (54.5 ) |
(375,046,651 ) |
Security | Shares | Value | % of Basket Value |
Preferred Stocks | |||
Germany | |||
Dr Ing hc F Porsche AG | (18,966 ) | $(1,334,455 ) | (6.9 )% |
Total Reference Entity — Short | (564,206,566 ) | ||
Net Value of Reference Entity — Bank of America N.A. | $19,426,816 |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
Accent Group Ltd. | 451,131 | $697,307 | 3.0 % |
Bega Cheese Ltd. | 407,025 | 1,371,866 | 5.9 |
Charter Hall Social Infrastructure REIT | 158,760 | 270,608 | 1.2 |
Data#3 Ltd. | 137,684 | 659,605 | 2.8 |
Downer EDI Ltd. | 284,003 | 1,040,600 | 4.5 |
IPH Ltd. | 174,154 | 612,779 | 2.6 |
Jumbo Interactive Ltd. | 117,289 | 989,723 | 4.2 |
Kogan.com Ltd. | 298,039 | 906,745 | 3.9 |
Netwealth Group Ltd. | 223,588 | 4,034,117 | 17.3 |
NRW Holdings Ltd. | 251,769 | 634,478 | 2.7 |
Perenti Ltd. | 978,849 | 752,005 | 3.2 |
Regis Healthcare Ltd. | 149,933 | 637,788 | 2.7 |
Vault Minerals Ltd. | 4,607,797 | 1,186,823 | 5.1 |
Ventia Services Group Pty Ltd. | 352,155 | 1,057,629 | 4.5 |
14,852,073 | |||
Austria | |||
ANDRITZ AG | 13,864 | 837,012 | 3.6 |
BAWAG Group AG | 3,846 | 298,102 | 1.3 |
Kontron AG | 25,731 | 433,299 | 1.8 |
Raiffeisen Bank International AG | 228,279 | 4,089,316 | 17.5 |
UNIQA Insurance Group AG | 4,951 | 38,811 | 0.2 |
5,696,540 | |||
Belgium | |||
Barco NV | 48,713 | 605,750 | 2.6 |
Proximus SADP | 132,655 | 965,337 | 4.1 |
1,571,087 | |||
Bermuda | |||
Conduit Holdings Ltd. | 316,620 | 2,099,321 | 9.0 |
Teekay Corp. Ltd. | 102,822 | 860,620 | 3.7 |
2,959,941 | |||
Canada | |||
ADENTRA, Inc. | 23,294 | 642,264 | 2.7 |
Ag Growth International, Inc. | 44,250 | 1,568,700 | 6.7 |
B2Gold Corp. | 5 | 17 | 0.0 |
BlackBerry Ltd. | 57,895 | 130,980 | 0.6 |
Canfor Corp. | 24,948 | 297,617 | 1.3 |
Centerra Gold, Inc. | 392,371 | 2,772,960 | 11.9 |
Security | Shares | Value | % of Basket Value |
Canada (continued) | |||
Chemtrade Logistics Income Fund, Class EE | 235,507 | $1,826,750 | 7.8 % |
Enghouse Systems Ltd. | 57,394 | 1,214,782 | 5.2 |
Mullen Group Ltd. | 222,263 | 2,404,051 | 10.3 |
North American Construction Group Ltd. | 43,517 | 848,556 | 3.6 |
Obsidian Energy Ltd. | 161,026 | 913,639 | 3.9 |
Precision Drilling Corp. | 17,589 | 1,056,464 | 4.5 |
Russel Metals, Inc. | 34,948 | 973,127 | 4.2 |
Surge Energy, Inc. | 364,740 | 1,542,944 | 6.6 |
16,192,851 | |||
France | |||
Derichebourg SA | 157,607 | 894,981 | 3.8 |
Etablissements Maurel et Prom SA | 81,424 | 427,370 | 1.8 |
ICADE | 48,615 | 1,271,572 | 5.5 |
2,593,923 | |||
Germany | |||
Atoss Software SE | 3,782 | 497,464 | 2.1 |
Auto1 Group SE | 51,213 | 525,555 | 2.2 |
Bank of Georgia Group PLC | 33,712 | 1,808,350 | 7.7 |
Bilfinger SE | 26,532 | 1,275,314 | 5.5 |
CompuGroup Medical SE & Co. KgaA, Class A | 2,948 | 43,831 | 0.2 |
Deutsche Pfandbriefbank AG | 215,941 | 1,226,349 | 5.3 |
Deutsche Wohnen SE | 8,529 | 217,895 | 0.9 |
Deutz AG | 157,807 | 701,736 | 3.0 |
Duerr AG | 59,371 | 1,375,867 | 5.9 |
Grand City Properties SA | 36,428 | 482,828 | 2.1 |
SAF-Holland SE | 27,977 | 432,776 | 1.9 |
TBC Bank Group PLC | 23,668 | 839,265 | 3.6 |
9,427,230 | |||
Ireland | |||
Cimpress PLC | 28,750 | 1,984,037 | 8.5 |
Italy | |||
Banca IFIS SpA | 24,349 | 583,556 | 2.5 |
Credito Emiliano SpA | 19,975 | 215,702 | 0.9 |
De’ Longhi SpA | 21,758 | 680,043 | 2.9 |
Hera SpA | 131,449 | 502,865 | 2.2 |
Iren SpA | 306,784 | 664,441 | 2.8 |
Maire SpA | 59,528 | 449,297 | 1.9 |
PRADA SpA | 255,300 | 1,960,068 | 8.4 |
Sesa SpA | 2,182 | 189,496 | 0.8 |
Webuild SpA | 403,375 | 1,143,875 | 4.9 |
6,389,343 | |||
Japan | |||
77 Bank Ltd. | 65,700 | 1,691,363 | 7.2 |
Aisan Industry Co. Ltd. | 32,500 | 287,540 | 1.2 |
Alfresa Holdings Corp. | 90,100 | 1,299,967 | 5.6 |
Bic Camera, Inc. | 290,000 | 3,227,649 | 13.8 |
Bunka Shutter Co. Ltd. | 25,200 | 303,223 | 1.3 |
COMSYS Holdings Corp. | 133,100 | 2,792,589 | 12.0 |
Create Restaurants Holdings, Inc. | 143,700 | 1,144,750 | 4.9 |
Create SD Holdings Co. Ltd. | 32,200 | 632,456 | 2.7 |
Dai-Dan Co. Ltd. | 62,000 | 1,210,563 | 5.2 |
Doutor Nichires Holdings Co. Ltd. | 25,000 | 366,584 | 1.6 |
Dowa Holdings Co. Ltd. | 142,800 | 4,851,653 | 20.8 |
Fujimi, Inc. | 24,200 | 372,319 | 1.6 |
FULLCAST Holdings Co. Ltd. | 23,300 | 234,330 | 1.0 |
Furukawa Electric Co. Ltd. | 191,300 | 4,704,819 | 20.1 |
Futaba Industrial Co. Ltd. | 40,400 | 172,362 | 0.7 |
Glory Ltd. | 65,000 | 1,054,269 | 4.5 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
H2O Retailing Corp. | 429,100 | $5,742,323 | 24.6 % |
Hanwa Co. Ltd. | 26,800 | 887,975 | 3.8 |
Heiwa Real Estate Co. Ltd. | 9,200 | 252,696 | 1.1 |
Heiwado Co. Ltd. | 71,900 | 1,037,772 | 4.4 |
Hiday Hidaka Corp. | 42,100 | 757,444 | 3.2 |
Inaba Denki Sangyo Co. Ltd. | 30,900 | 775,030 | 3.3 |
Ishihara Sangyo Kaisha Ltd. | 500 | 4,785 | 0.0 |
JCR Pharmaceuticals Co. Ltd. | 518,300 | 2,317,660 | 9.9 |
JTEKT Corp. | 34,400 | 232,029 | 1.0 |
Kandenko Co. Ltd. | 127,000 | 1,858,459 | 8.0 |
Kissei Pharmaceutical Co. Ltd. | 24,300 | 592,972 | 2.5 |
Kyoritsu Maintenance Co. Ltd. | 222,100 | 3,565,772 | 15.3 |
Maxell Ltd. | 47,800 | 583,518 | 2.5 |
Meidensha Corp. | 38,300 | 1,005,146 | 4.3 |
METAWATER Co. Ltd. | 42,900 | 496,368 | 2.1 |
MIRAIT ONE Corp. | 40,300 | 573,201 | 2.5 |
Mitsubishi Shokuhin Co. Ltd. | 15,100 | 479,112 | 2.0 |
Modec, Inc. | 139,600 | 3,039,702 | 13.0 |
Monogatari Corp. | 14,100 | 331,605 | 1.4 |
NEC Networks & System Integration Corp. | 84,600 | 1,787,278 | 7.7 |
Nippon Seiki Co. Ltd. | 104,700 | 818,639 | 3.5 |
Nissha Co. Ltd. | 100,300 | 1,228,277 | 5.3 |
Nisshin Oillio Group Ltd. | 34,200 | 1,162,268 | 5.0 |
Nittetsu Mining Co. Ltd. | 8,200 | 233,410 | 1.0 |
Nomura Co. Ltd. | 73,800 | 373,956 | 1.6 |
North Pacific Bank Ltd. | 649,300 | 1,685,226 | 7.2 |
NTN Corp. | 502,100 | 827,255 | 3.5 |
Oki Electric Industry Co. Ltd. | 113,300 | 740,640 | 3.2 |
Onward Holdings Co. Ltd. | 298,100 | 1,017,910 | 4.4 |
Penta-Ocean Construction Co. Ltd. | 251,500 | 1,044,669 | 4.5 |
Raito Kogyo Co. Ltd. | 76,500 | 1,116,142 | 4.8 |
Saizeriya Co. Ltd. | 145,600 | 5,374,453 | 23.0 |
Sakata INX Corp. | 47,000 | 472,490 | 2.0 |
Sanki Engineering Co. Ltd. | 32,100 | 503,176 | 2.2 |
Senko Group Holdings Co. Ltd. | 350,500 | 3,295,160 | 14.1 |
Shibaura Mechatronics Corp. | 29,300 | 2,018,809 | 8.6 |
Starts Corp., Inc. | 10,400 | 239,571 | 1.0 |
Sumitomo Mitsui Construction Co. Ltd. | 211,000 | 536,305 | 2.3 |
Sun Frontier Fudousan Co. Ltd. | 60,500 | 718,254 | 3.1 |
Suzuken Co. Ltd. | 130,000 | 4,250,214 | 18.2 |
Taikisha Ltd. | 25,700 | 817,524 | 3.5 |
Tamron Co. Ltd. | 103,400 | 2,909,806 | 12.5 |
Toa Corp./Tokyo | 32,300 | 207,933 | 0.9 |
Toagosei Co. Ltd. | 47,900 | 488,697 | 2.1 |
Tokai Rika Co. Ltd. | 30,200 | 426,982 | 1.8 |
Tokai Tokyo Financial Holdings, Inc. | 590,700 | 1,808,715 | 7.7 |
Tosei Corp. | 30,800 | 479,031 | 2.0 |
Towa Pharmaceutical Co. Ltd. | 35,700 | 731,618 | 3.1 |
Toyoda Gosei Co. Ltd. | 64,200 | 1,090,777 | 4.7 |
Tsubakimoto Chain Co. | 36,900 | 464,610 | 2.0 |
Wacom Co. Ltd. | 167,800 | 773,531 | 3.3 |
YAMABIKO Corp. | 21,100 | 342,789 | 1.5 |
Yamazen Corp. | 55,300 | 480,356 | 2.1 |
Yaoko Co. Ltd. | 11,300 | 686,902 | 2.9 |
Yokogawa Bridge Holdings Corp. | 21,600 | 394,167 | 1.7 |
90,427,545 | |||
Netherlands | |||
Eurocommercial Properties NV | 14,051 | 356,881 | 1.5 |
Security | Shares | Value | % of Basket Value |
Netherlands (continued) | |||
Koninklijke BAM Groep NV | 336,606 | $1,553,574 | 6.6 % |
PostNL NV | 344,345 | 413,141 | 1.8 |
2,323,596 | |||
Norway | |||
Aker Solutions ASA | 267,995 | 1,269,849 | 5.4 |
Elkem ASA | 316,355 | 515,937 | 2.2 |
Wallenius Wilhelmsen ASA | 83,517 | 830,356 | 3.6 |
2,616,142 | |||
Singapore | |||
IGG, Inc. | 260,000 | 137,484 | 0.6 |
Spain | |||
Indra Sistemas SA | 135,080 | 2,381,390 | 10.2 |
Sweden | |||
Attendo AB | 47 | 209 | 0.0 |
Billerud Aktiebolag | 309,302 | 2,746,325 | 11.8 |
Camurus AB | 4,621 | 259,858 | 1.1 |
3,006,392 | |||
Switzerland | |||
International Workplace Group PLC | 491,810 | 1,016,452 | 4.4 |
Sportradar Group AG, Class A | 205,471 | 2,549,895 | 10.9 |
u-blox Holding AG | 1,201 | 91,913 | 0.4 |
3,658,260 | |||
United Kingdom | |||
Balfour Beatty PLC | 593,062 | 3,401,493 | 14.6 |
Big Yellow Group PLC | 37,198 | 579,417 | 2.5 |
Chemring Group PLC | 336,794 | 1,553,507 | 6.6 |
Firstgroup PLC | 483,885 | 831,720 | 3.6 |
Hunting PLC | 85,422 | 330,022 | 1.4 |
J D Wetherspoon PLC | 142,346 | 1,126,986 | 4.8 |
Jupiter Fund Management PLC | 486,143 | 504,620 | 2.2 |
Just Group PLC | 962,503 | 1,663,074 | 7.1 |
Keller Group PLC | 96,615 | 2,025,022 | 8.7 |
Kier Group PLC | 875,518 | 1,619,865 | 6.9 |
Mitchells & Butlers PLC | 106,884 | 345,602 | 1.5 |
Mitie Group PLC | 960,243 | 1,440,495 | 6.2 |
MONY Group PLC | 493,121 | 1,194,265 | 5.1 |
Morgan Sindall Group PLC | 31,631 | 1,528,187 | 6.5 |
NCC Group PLC | 146,904 | 292,473 | 1.3 |
Paragon Banking Group PLC | 184,293 | 1,630,188 | 7.0 |
Paratus Energy Serices Ltd. | 156,182 | 689,460 | 3.0 |
Serco Group PLC | 1,896,057 | 4,284,159 | 18.3 |
Subsea 7 SA | 361,861 | 5,561,746 | 23.8 |
TP ICAP Group PLC | 331,073 | 958,396 | 4.1 |
Vesuvius PLC | 63,524 | 292,056 | 1.2 |
31,852,753 | |||
United States | |||
1-800-Flowers.com, Inc., Class A | 56,399 | 469,240 | 2.0 |
Accel Entertainment, Inc., Class A | 38,804 | 428,396 | 1.8 |
AdaptHealth Corp. | 204,305 | 2,102,298 | 9.0 |
Allient, Inc. | 12,578 | 217,474 | 0.9 |
Ambarella, Inc. | 62,317 | 3,501,592 | 15.0 |
Anywhere Real Estate, Inc. | 104,443 | 403,150 | 1.7 |
Apogee Enterprises, Inc. | 53,034 | 3,969,065 | 17.0 |
Archrock, Inc. | 112,593 | 2,254,112 | 9.7 |
Ardagh Metal Packaging SA | 34,717 | 127,759 | 0.5 |
Bandwidth, Inc., Class A | 23,303 | 454,408 | 1.9 |
Beazer Homes USA, Inc. | 8,989 | 276,502 | 1.2 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
BlueLinx Holdings, Inc. | 13,905 | $1,522,041 | 6.5 % |
Brookdale Senior Living, Inc. | 147,016 | 921,790 | 3.9 |
Castle Biosciences, Inc. | 2,184 | 75,719 | 0.3 |
Cohu, Inc. | 12,824 | 319,574 | 1.4 |
ConnectOne Bancorp, Inc. | 58,298 | 1,413,144 | 6.0 |
COPT Defense Properties | 454,169 | 14,624,242 | 62.6 |
Core & Main, Inc., Class A | 4 | 177 | 0.0 |
Coursera, Inc. | 170,770 | 1,186,851 | 5.1 |
CRA International, Inc. | 11,147 | 2,030,315 | 8.7 |
Credit Acceptance Corp. | 143 | 60,775 | 0.3 |
CSG Systems International, Inc. | 63,942 | 2,980,337 | 12.8 |
Deluxe Corp. | 19,326 | 362,556 | 1.6 |
Dime Community Bancshares, Inc. | 19,120 | 574,938 | 2.5 |
Douglas Dynamics, Inc. | 23,626 | 535,129 | 2.3 |
El Pollo Loco Holdings, Inc. | 46,458 | 567,717 | 2.4 |
Energizer Holdings, Inc. | 190,832 | 6,119,982 | 26.2 |
Enhabit, Inc. | 75,258 | 518,528 | 2.2 |
Enova International, Inc. | 118,679 | 10,314,392 | 44.2 |
Evolus, Inc. | 34,591 | 564,525 | 2.4 |
Exponent, Inc. | 114,775 | 10,832,464 | 46.4 |
EZCORP, Inc., Class A | 197,863 | 2,273,446 | 9.7 |
Financial Institutions, Inc. | 2 | 48 | 0.0 |
First Bancshares, Inc. | 31,307 | 1,047,845 | 4.5 |
Flushing Financial Corp. | 40,245 | 630,840 | 2.7 |
Fulgent Genetics, Inc. | 11,005 | 236,057 | 1.0 |
Global Industrial Co. | 19,602 | 520,041 | 2.2 |
Gray Television, Inc. | 88,978 | 508,064 | 2.2 |
Hackett Group, Inc. | 22,545 | 548,294 | 2.3 |
Health Catalyst, Inc. | 73,059 | 567,668 | 2.4 |
Healthcare Services Group, Inc. | 21,328 | 233,968 | 1.0 |
HealthStream, Inc. | 16,413 | 479,834 | 2.1 |
Heidrick & Struggles International, Inc. | 22,428 | 876,038 | 3.8 |
Horizon Bancorp, Inc. | 33,925 | 543,478 | 2.3 |
ICF International, Inc. | 10,053 | 1,694,835 | 7.3 |
Independent Bank Corp. | 13,762 | 451,118 | 1.9 |
Innoviva, Inc. | 66,335 | 1,297,513 | 5.6 |
iRadimed Corp. | 3,494 | 172,149 | 0.7 |
Lands’ End, Inc. | 32,708 | 514,824 | 2.2 |
LeMaitre Vascular, Inc. | 1,535 | 135,679 | 0.6 |
LendingClub Corp. | 69,071 | 979,427 | 4.2 |
LendingTree, Inc. | 106,037 | 6,047,290 | 25.9 |
Light & Wonder, Inc., CDI | 2 | 187 | 0.0 |
LiveRamp Holdings, Inc. | 182,292 | 4,562,769 | 19.5 |
M/I Homes, Inc. | 12,277 | 1,861,070 | 8.0 |
MaxLinear, Inc. | 46,839 | 607,502 | 2.6 |
Methode Electronics, Inc. | 54,592 | 476,042 | 2.0 |
Midland States Bancorp, Inc. | 21,301 | 528,478 | 2.3 |
MRC Global, Inc. | 105,169 | 1,289,372 | 5.5 |
Napco Security Technologies, Inc. | 77,674 | 2,988,896 | 12.8 |
National Vision Holdings, Inc. | 209,415 | 2,177,916 | 9.3 |
NetScout Systems, Inc. | 118,807 | 2,498,511 | 10.7 |
Newell Brands, Inc. | 993,189 | 8,740,063 | 37.4 |
NexPoint Residential Trust, Inc. | 22,262 | 927,212 | 4.0 |
Oceaneering International, Inc. | 344,495 | 8,405,678 | 36.0 |
OceanFirst Financial Corp. | 14,209 | 258,604 | 1.1 |
Olo, Inc., Class A | 607,935 | 3,045,754 | 13.0 |
OmniAb, Inc., 12.50 Earnout Shares | 518 | — | 0.0 |
OmniAb, Inc., 15.00 Earnout Shares | 518 | — | 0.0 |
Palomar Holdings, Inc. | 13,300 | 1,193,941 | 5.1 |
Paramount Group, Inc. | 914,968 | 4,437,595 | 19.0 |
Pebblebrook Hotel Trust | 246,229 | 2,949,823 | 12.6 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Pennant Group, Inc. | 15,068 | $481,724 | 2.1 % |
Perrigo Co PLC | 59,307 | 1,520,038 | 6.5 |
PRA Group, Inc. | 19,135 | 385,762 | 1.7 |
Premier Financial Corp. | 23,951 | 590,632 | 2.5 |
Privia Health Group, Inc. | 281,250 | 5,163,750 | 22.1 |
Q2 Holdings, Inc. | 26,942 | 2,280,910 | 9.8 |
Radius Recycling, Inc., Class A | 17,222 | 278,824 | 1.2 |
Repay Holdings Corp., Class A | 185,337 | 1,474,356 | 6.3 |
REX American Resources Corp. | 22,281 | 996,629 | 4.3 |
Savers Value Village, Inc. | 80,681 | 825,367 | 3.5 |
Schrodinger, Inc. | 6,475 | 113,928 | 0.5 |
SI-BONE, Inc. | 31,095 | 429,111 | 1.8 |
Southside Bancshares, Inc. | 9,988 | 323,611 | 1.4 |
Tandem Diabetes Care, Inc. | 46,745 | 1,466,391 | 6.3 |
Tanger, Inc. | 255,065 | 8,475,810 | 36.3 |
TTM Technologies, Inc. | 78,897 | 1,770,449 | 7.6 |
Turning Point Brands, Inc. | 42,507 | 2,007,606 | 8.6 |
Tutor Perini Corp. | 66,962 | 1,735,655 | 7.4 |
Ultra Clean Holdings, Inc. | 87,031 | 2,911,187 | 12.5 |
Univest Financial Corp. | 11,738 | 326,669 | 1.4 |
Upbound Group, Inc. | 57,624 | 1,684,926 | 7.2 |
Upwork, Inc. | 59,018 | 800,284 | 3.4 |
Verint Systems, Inc. | 110,474 | 2,353,096 | 10.1 |
Verra Mobility Corp., Class A | 156,883 | 4,074,252 | 17.4 |
Viad Corp. | 2,778 | 104,008 | 0.4 |
Vimeo, Inc. | 94,002 | 448,390 | 1.9 |
Visteon Corp. | 52,517 | 4,739,659 | 20.3 |
Vital Farms, Inc. | 38,575 | 1,337,781 | 5.7 |
Xperi, Inc. | 275,136 | 2,511,992 | 10.8 |
Yext, Inc. | 34,966 | 253,154 | 1.1 |
Zumiez, Inc. | 15,344 | 316,086 | 1.4 |
188,619,098 | |||
Rights | |||
Italy | |||
Sesa SpA, (Expires 12/12/24, Strike Price EUR, 110.20) | 2,182 | — | 0.0 |
Total Reference Entity — Long | 386,689,685 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Amotiv Ltd. | (65,627 ) | (456,776 ) | (2.0 ) |
Bellevue Gold Ltd. | (449,018 ) | (476,490 ) | (2.1 ) |
Champion Iron Ltd. | (166,557 ) | (639,258 ) | (2.7 ) |
Deep Yellow Ltd. | (445,675 ) | (395,379 ) | (1.7 ) |
Lifestyle Communities Ltd. | (125,617 ) | (708,071 ) | (3.0 ) |
Neuren Pharmaceuticals Ltd. | (3,971 ) | (31,960 ) | (0.2 ) |
PEXA Group Ltd. | (29,748 ) | (264,282 ) | (1.1 ) |
Sigma Healthcare Ltd. | (696,511 ) | (894,221 ) | (3.8 ) |
Silex Systems Ltd. | (35,533 ) | (120,573 ) | (0.5 ) |
Stanmore Resources Ltd. | (641,650 ) | (1,316,607 ) | (5.6 ) |
Strike Energy Ltd. | (1,430,845 ) | (200,047 ) | (0.9 ) |
(5,503,664 ) | |||
Austria | |||
Wienerberger AG | (99,574 ) | (3,007,246 ) | (12.9 ) |
Security | Shares | Value | % of Basket Value |
Belgium | |||
Azelis Group NV | (50,453 ) | $(1,010,770 ) | (4.3 )% |
Bekaert SA | (33,035 ) | (1,207,239 ) | (5.2 ) |
(2,218,009 ) | |||
Canada | |||
Altus Group Ltd. | (49,430 ) | (1,870,200 ) | (8.0 ) |
Definity Financial Corp. | (44,304 ) | (1,709,666 ) | (7.3 ) |
Docebo, Inc. | (3,636 ) | (165,616 ) | (0.7 ) |
EQB, Inc. | (39,140 ) | (3,002,790 ) | (12.9 ) |
Filo Corp. | (43,342 ) | (998,608 ) | (4.3 ) |
First Capital Real Estate Investment Trust | (87,209 ) | (1,113,639 ) | (4.8 ) |
Kinaxis, Inc. | (23,386 ) | (2,597,343 ) | (11.1 ) |
Linamar Corp. | (1,567 ) | (64,116 ) | (0.3 ) |
Pet Valu Holdings Ltd. | (121,650 ) | (2,225,321 ) | (9.5 ) |
Spartan Delta Corp. | (53,240 ) | (129,625 ) | (0.5 ) |
Spin Master Corp. | (49,917 ) | (1,056,526 ) | (4.5 ) |
StorageVault Canada, Inc. | (84,625 ) | (247,369 ) | (1.1 ) |
Trisura Group Ltd. | (8,030 ) | (237,610 ) | (1.0 ) |
Winpak Ltd. | (38,407 ) | (1,368,457 ) | (5.9 ) |
(16,786,886 ) | |||
Denmark | |||
Better Collective A/S | (34,909 ) | (458,046 ) | (2.0 ) |
Chemometec A/S | (30,470 ) | (1,788,989 ) | (7.7 ) |
Ringkjoebing Landbobank A/S | (11,734 ) | (1,940,745 ) | (8.3 ) |
Royal Unibrew A/S | (70,904 ) | (5,334,242 ) | (22.8 ) |
Scandinavian Tobacco Group A/S, Class A | (56,521 ) | (848,917 ) | (3.6 ) |
(10,370,939 ) | |||
Finland | |||
Mandatum Oyj | (26,619 ) | (122,924 ) | (0.5 ) |
France | |||
Alten SA | (18,670 ) | (1,579,297 ) | (6.8 ) |
IPSOS SA | (31,666 ) | (1,554,985 ) | (6.7 ) |
Mercialys SA | (64,106 ) | (756,352 ) | (3.2 ) |
(3,890,634 ) | |||
Germany | |||
Eckert & Ziegler SE | (11,375 ) | (488,042 ) | (2.1 ) |
Fraport AG Frankfurt Airport Services Worldwide | (40,818 ) | (2,208,761 ) | (9.4 ) |
Schott Pharma AG & Co. KGaA | (45,313 ) | (1,464,875 ) | (6.3 ) |
Sixt SE | (2,042 ) | (161,742 ) | (0.7 ) |
Stabilus SE | (25,137 ) | (995,157 ) | (4.3 ) |
(5,318,577 ) | |||
Indonesia | |||
Golden Agri-Resources Ltd. | (3,712,000 ) | (815,206 ) | (3.5 ) |
Ireland | |||
C&C Group PLC | (167,635 ) | (318,615 ) | (1.4 ) |
Dalata Hotel Group PLC | (120,855 ) | (566,862 ) | (2.4 ) |
(885,477 ) | |||
Israel | |||
Enlight Renewable Energy Ltd. | (132,412 ) | (2,102,209 ) | (9.0 ) |
Kornit Digital Ltd. | (3,560 ) | (81,488 ) | (0.4 ) |
OPC Energy Ltd. | (73,312 ) | (593,657 ) | (2.5 ) |
(2,777,354 ) | |||
Italy | |||
Ermenegildo Zegna NV | (5,986 ) | (45,494 ) | (0.2 ) |
Security | Shares | Value | % of Basket Value |
Italy (continued) | |||
Stevanato Group SpA | (2,318 ) | $(44,065 ) | (0.2 )% |
Technoprobe SpA | (70,643 ) | (479,683 ) | (2.0 ) |
(569,242 ) | |||
Japan | |||
Advance Logistics Investment Corp. | (398 ) | (310,542 ) | (1.3 ) |
Aeon Mall Co. Ltd. | (75,100 ) | (994,505 ) | (4.3 ) |
Aiful Corp. | (42,200 ) | (88,677 ) | (0.4 ) |
Appier Group, Inc. | (2,900 ) | (31,099 ) | (0.1 ) |
Ariake Japan Co. Ltd. | (9,800 ) | (342,147 ) | (1.5 ) |
Asahi Yukizai Corp. | (8,700 ) | (232,106 ) | (1.0 ) |
Base Co. Ltd. | (2,800 ) | (54,020 ) | (0.2 ) |
C Uyemura & Co. Ltd. | (4,300 ) | (298,860 ) | (1.3 ) |
Chugoku Marine Paints Ltd. | (800 ) | (11,427 ) | (0.0 ) |
Daiei Kankyo Co. Ltd. | (26,400 ) | (544,525 ) | (2.3 ) |
DeNA Co. Ltd. | (30,500 ) | (373,669 ) | (1.6 ) |
Descente Ltd. | (17,300 ) | (490,029 ) | (2.1 ) |
Electric Power Development Co. Ltd. | (58,100 ) | (970,932 ) | (4.2 ) |
Enplas Corp. | (12,600 ) | (559,150 ) | (2.4 ) |
First Bank of Toyama Ltd. | (87,100 ) | (630,746 ) | (2.7 ) |
FP Corp. | (3,900 ) | (68,325 ) | (0.3 ) |
Freee KK | (11,200 ) | (209,008 ) | (0.9 ) |
Fuji Oil Holdings, Inc. | (18,000 ) | (387,471 ) | (1.7 ) |
Fukuyama Transporting Co. Ltd. | (9,400 ) | (239,058 ) | (1.0 ) |
Furuya Metal Co. Ltd. | (900 ) | (23,368 ) | (0.1 ) |
Future Corp. | (7,900 ) | (101,154 ) | (0.4 ) |
Godo Steel, Ltd. | (13,600 ) | (346,477 ) | (1.5 ) |
GungHo Online Entertainment, Inc. | (4,100 ) | (91,325 ) | (0.4 ) |
Hirata Corp. | (1,100 ) | (35,079 ) | (0.1 ) |
Hokkaido Electric Power Co., Inc. | (95,400 ) | (613,707 ) | (2.6 ) |
Hokuetsu Corp. | (78,000 ) | (777,824 ) | (3.3 ) |
House Foods Group, Inc. | (3,000 ) | (58,477 ) | (0.2 ) |
Idec Corp./Japan | (15,500 ) | (249,863 ) | (1.1 ) |
Iino Kaiun Kaisha Ltd. | (69,600 ) | (510,625 ) | (2.2 ) |
Invincible Investment Corp. | (9,086 ) | (3,700,898 ) | (15.8 ) |
Japan Elevator Service Holdings Co. Ltd. | (6,000 ) | (114,884 ) | (0.5 ) |
Japan Investment Adviser Co. Ltd. | (6,900 ) | (46,159 ) | (0.2 ) |
JMDC, Inc. | (1,800 ) | (50,161 ) | (0.2 ) |
Juroku Financial Group, Inc. | (2,100 ) | (56,041 ) | (0.2 ) |
Kanto Denka Kogyo Co. Ltd. | (64,600 ) | (410,797 ) | (1.8 ) |
KeePer Technical Laboratory Co. Ltd. | (9,900 ) | (271,901 ) | (1.2 ) |
KOMEDA Holdings Co. Ltd. | (170,600 ) | (3,228,537 ) | (13.8 ) |
Komeri Co. Ltd. | (3,100 ) | (67,007 ) | (0.3 ) |
Kosaido Holdings Co. Ltd. | (66,900 ) | (233,195 ) | (1.0 ) |
Kusuri no Aoki Holdings Co. Ltd. | (17,600 ) | (366,304 ) | (1.6 ) |
KYB Corp. | (11,900 ) | (373,842 ) | (1.6 ) |
Leopalace21 Corp. | (260,500 ) | (940,641 ) | (4.0 ) |
Lifedrink Co, Inc. | (2,800 ) | (32,334 ) | (0.1 ) |
Lion Corp. | (16,400 ) | (181,119 ) | (0.8 ) |
M&A Capital Partners Co. Ltd. | (4,100 ) | (58,155 ) | (0.2 ) |
Mars Group Holdings Corp. | (20,900 ) | (430,084 ) | (1.8 ) |
Matsui Securities Co. Ltd. | (4,100 ) | (22,089 ) | (0.1 ) |
Mitsubishi Logistics Corp. | (56,000 ) | (375,415 ) | (1.6 ) |
Mitsui Fudosan Logistics Park, Inc. | (980 ) | (652,490 ) | (2.8 ) |
Mitsui High-Tec, Inc. | (47,100 ) | (250,642 ) | (1.1 ) |
Mitsui-Soko Holdings Co. Ltd. | (10,400 ) | (482,999 ) | (2.1 ) |
Mori Hills REIT Investment Corp. | (633 ) | (526,869 ) | (2.3 ) |
Nakayama Steel Works Ltd. | (60,900 ) | (300,239 ) | (1.3 ) |
Nikkon Holdings Co. Ltd. | (89,600 ) | (1,147,098 ) | (4.9 ) |
Nippon Accommodations Fund, Inc. | (46 ) | (184,209 ) | (0.8 ) |
Nippon Carbon Co. Ltd. | (3,900 ) | (114,346 ) | (0.5 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Nippon Parking Development Co. Ltd. | (79,000 ) | $(116,571 ) | (0.5 )% |
Nishimatsuya Chain Co. Ltd. | (82,200 ) | (1,213,611 ) | (5.2 ) |
Nitto Kogyo Corp. | (21,700 ) | (419,130 ) | (1.8 ) |
Nojima Corp. | (38,300 ) | (537,151 ) | (2.3 ) |
NSD Co. Ltd. | (12,200 ) | (263,496 ) | (1.1 ) |
Ohsho Food Service Corp. | (28,000 ) | (550,012 ) | (2.3 ) |
Okinawa Electric Power Co., Inc. | (7,400 ) | (50,326 ) | (0.2 ) |
OKUMA Corp. | (11,500 ) | (232,484 ) | (1.0 ) |
Orient Corp. | (26,100 ) | (155,087 ) | (0.7 ) |
Osaka Soda Co. Ltd. | (18,400 ) | (193,260 ) | (0.8 ) |
Osaka Steel Co. Ltd. | (1,100 ) | (23,608 ) | (0.1 ) |
Park24 Co. Ltd. | (9,400 ) | (116,831 ) | (0.5 ) |
Pillar Corp. /Japan | (16,400 ) | (459,170 ) | (2.0 ) |
Piolax, Inc. | (23,100 ) | (366,099 ) | (1.6 ) |
Relo Group, Inc. | (25,300 ) | (307,759 ) | (1.3 ) |
Rengo Co. Ltd. | (206,500 ) | (1,250,759 ) | (5.3 ) |
Riken Keiki Co. Ltd. | (17,100 ) | (484,474 ) | (2.1 ) |
Roland Corp. | (8,300 ) | (212,319 ) | (0.9 ) |
Round One Corp. | (44,600 ) | (282,273 ) | (1.2 ) |
Sanken Electric Co Ltd. | (4,200 ) | (165,107 ) | (0.7 ) |
Sawai Group Holdings Co. Ltd. | (32,400 ) | (434,018 ) | (1.9 ) |
Septeni Holdings Co. Ltd. | (356,000 ) | (1,041,082 ) | (4.5 ) |
Simplex Holdings, Inc. | (12,400 ) | (201,093 ) | (0.9 ) |
SMS Co. Ltd. | (24,500 ) | (274,657 ) | (1.2 ) |
Star Micronics Co. Ltd. | (9,700 ) | (124,249 ) | (0.5 ) |
Sumitomo Osaka Cement Co. Ltd. | (10,800 ) | (266,126 ) | (1.1 ) |
SWCC Corp. | (1,800 ) | (63,125 ) | (0.3 ) |
Takara Holdings, Inc. | (49,700 ) | (390,660 ) | (1.7 ) |
TechnoPro Holdings, Inc. | (12,000 ) | (214,180 ) | (0.9 ) |
Toho Bank Ltd. | (41,000 ) | (70,336 ) | (0.3 ) |
Tokyo Steel Manufacturing Co. Ltd. | (61,000 ) | (606,453 ) | (2.6 ) |
Topre Corp. | (23,600 ) | (271,852 ) | (1.2 ) |
Universal Entertainment Corp. | (53,700 ) | (457,432 ) | (2.0 ) |
Wacoal Holdings Corp. | (17,400 ) | (541,721 ) | (2.3 ) |
West Holdings Corp. | (38,700 ) | (575,879 ) | (2.5 ) |
Yamada Holdings Co. Ltd. | (653,900 ) | (1,877,670 ) | (8.0 ) |
Yamae Group Holdings Co. Ltd. | (1,400 ) | (17,887 ) | (0.1 ) |
Yoshinoya Holdings Co. Ltd. | (29,200 ) | (594,667 ) | (2.5 ) |
Zenkoku Hosho Co. Ltd. | (15,700 ) | (567,299 ) | (2.4 ) |
(40,252,563 ) | |||
Luxembourg | |||
RTL Group SA | (23,948 ) | (762,091 ) | (3.3 ) |
Netherlands | |||
AMG Critical Materials NV | (56,439 ) | (962,830 ) | (4.1 ) |
Flow Traders Ltd. | (60,248 ) | (1,378,851 ) | (5.9 ) |
TKH Group NV | (33,388 ) | (1,358,538 ) | (5.8 ) |
(3,700,219 ) | |||
Nigeria | |||
Airtel Africa PLC | (55,130 ) | (72,446 ) | (0.3 ) |
Norway | |||
Crayon Group Holding ASA | (169,371 ) | (1,677,496 ) | (7.2 ) |
Hoegh Autoliners ASA | (33,403 ) | (351,541 ) | (1.5 ) |
MPC Container Ships ASA | (361,593 ) | (712,680 ) | (3.0 ) |
Protector Forsikring ASA | (5,017 ) | (130,580 ) | (0.5 ) |
Schibsted ASA, Class A | (145,593 ) | (4,902,424 ) | (21.0 ) |
TOMRA Systems ASA | (171,585 ) | (2,466,846 ) | (10.6 ) |
(10,241,567 ) |
Security | Shares | Value | % of Basket Value |
Portugal | |||
REN - Redes Energeticas Nacionais SGPS SA | (169,981 ) | $(424,338 ) | (1.8 )% |
Spain | |||
Inmobiliaria Colonial Socimi SA | (37,664 ) | (228,281 ) | (1.0 ) |
Sacyr SA | (16,467 ) | (54,835 ) | (0.2 ) |
Vidrala SA | (10,972 ) | (1,186,405 ) | (5.1 ) |
Viscofan SA | (12,500 ) | (835,956 ) | (3.6 ) |
(2,305,477 ) | |||
Sweden | |||
Alleima AB | (336,928 ) | (2,058,873 ) | (8.8 ) |
Dometic Group AB | (342,851 ) | (1,861,823 ) | (8.0 ) |
Hexatronic Group AB | (39,157 ) | (160,384 ) | (0.7 ) |
Hms Networks Ab | (11,234 ) | (417,990 ) | (1.8 ) |
Hufvudstaden AB, Class A | (59,401 ) | (702,061 ) | (3.0 ) |
Nordnet AB publ | (46,806 ) | (973,928 ) | (4.2 ) |
Paradox Interactive AB | (41,824 ) | (789,017 ) | (3.4 ) |
Stillfront Group AB | (515,660 ) | (358,694 ) | (1.5 ) |
Surgical Science Sweden AB | (42,519 ) | (501,230 ) | (2.1 ) |
Thule Group AB | (86,226 ) | (2,886,184 ) | (12.4 ) |
Wallenstam AB, Class B | (436,525 ) | (2,064,634 ) | (8.8 ) |
(12,774,818 ) | |||
Switzerland | |||
Allreal Holding AG, Class N, Registered Shares | (306 ) | (54,446 ) | (0.2 ) |
ALSO Holding AG, Registered Shares | (182 ) | (48,406 ) | (0.2 ) |
Bucher Industries AG, Registered Shares | (2,437 ) | (949,161 ) | (4.1 ) |
Burckhardt Compression Holding AG | (110 ) | (80,870 ) | (0.3 ) |
Cembra Money Bank AG | (18,529 ) | (1,668,598 ) | (7.1 ) |
Daetwyler Holding AG | (4,664 ) | (785,300 ) | (3.4 ) |
Garrett Motion, Inc. | (84,162 ) | (625,323 ) | (2.7 ) |
Interroll Holding AG, Class N, Registered Shares | (232 ) | (610,109 ) | (2.6 ) |
Mobimo Holding AG, Registered Shares | (530 ) | (164,177 ) | (0.7 ) |
SFS Group AG | (3,853 ) | (551,321 ) | (2.4 ) |
SKAN Group AG | (5,353 ) | (478,550 ) | (2.0 ) |
St Galler Kantonalbank AG, Class N, Registered Shares | (204 ) | (99,476 ) | (0.4 ) |
Swissquote Group Holding SA, Class N, Registered Shares | (2,030 ) | (690,545 ) | (3.0 ) |
(6,806,282 ) | |||
United Kingdom | |||
Aston Martin Lagonda Global Holdings PLC | (1,018,216 ) | (1,502,028 ) | (6.4 ) |
Auction Technology Group PLC | (121,416 ) | (705,303 ) | (3.0 ) |
Capita PLC | (5,736,115 ) | (1,397,394 ) | (6.0 ) |
Direct Line Insurance Group PLC | (24,392 ) | (51,577 ) | (0.2 ) |
Evoke PLC | (1,993,766 ) | (1,584,937 ) | (6.8 ) |
Great Portland Estates PLC | (267,777 ) | (1,082,469 ) | (4.6 ) |
Halfords Group PLC | (333,452 ) | (720,630 ) | (3.1 ) |
Home Reit PLC | (319,295 ) | (93,994 ) | (0.4 ) |
Ibstock PLC | (480,059 ) | (1,241,120 ) | (5.3 ) |
Marshalls PLC | (643,736 ) | (2,822,224 ) | (12.1 ) |
Mobico Group PLC | (1,119,874 ) | (1,001,429 ) | (4.3 ) |
Moonpig Group PLC | (356,832 ) | (1,150,293 ) | (4.9 ) |
Oxford Nanopore Technologies PLC | (508,065 ) | (881,143 ) | (3.8 ) |
Travis Perkins PLC | (427,782 ) | (4,456,959 ) | (19.1 ) |
Victrex PLC | (54,064 ) | (593,954 ) | (2.6 ) |
Watches of Switzerland Group PLC | (559,486 ) | (2,941,263 ) | (12.6 ) |
WH Smith PLC | (132,059 ) | (2,247,743 ) | (9.6 ) |
(24,474,460 ) |
Security | Shares | Value | % of Basket Value |
United States | |||
Adeia, Inc. | (43,041 ) | $(535,000 ) | (2.3 )% |
Aehr Test Systems | (387,157 ) | (5,451,171 ) | (23.3 ) |
Amerant Bancorp, Inc., Class A | (17,363 ) | (370,179 ) | (1.6 ) |
Apollo Commercial Real Estate Finance, Inc. | (87,730 ) | (779,920 ) | (3.3 ) |
Appian Corp., Class A | (36,432 ) | (1,302,444 ) | (5.6 ) |
Applied Digital Corp. | (18,553 ) | (125,418 ) | (0.5 ) |
Arhaus, Inc., Class A | (165,444 ) | (1,402,965 ) | (6.0 ) |
Artesian Resources Corp., Class A | (4,315 ) | (144,596 ) | (0.6 ) |
Atlantic Union Bankshares Corp. | (266,772 ) | (10,083,982 ) | (43.2 ) |
Avadel Pharmaceuticals PLC | (97,838 ) | (1,513,554 ) | (6.5 ) |
Baldwin Insurance Group, Inc., Class A | (36,795 ) | (1,702,137 ) | (7.3 ) |
Boston Omaha Corp., Class A | (42,095 ) | (621,322 ) | (2.7 ) |
Buckle, Inc. | (116,698 ) | (4,966,667 ) | (21.3 ) |
Calumet, Inc. | (102,731 ) | (2,191,252 ) | (9.4 ) |
Camping World Holdings, Inc., Class A | (251,043 ) | (5,035,923 ) | (21.6 ) |
Cass Information Systems, Inc. | (11,710 ) | (484,326 ) | (2.1 ) |
CEVA, Inc. | (24,327 ) | (567,671 ) | (2.4 ) |
CNX Resources Corp. | (754,458 ) | (25,674,206 ) | (109.9 ) |
Coastal Financial Corp. | (4,428 ) | (278,920 ) | (1.2 ) |
Columbia Financial, Inc. | (22,524 ) | (384,710 ) | (1.6 ) |
Conduent, Inc. | (94,414 ) | (339,890 ) | (1.5 ) |
CoreCivic, Inc. | (62,697 ) | (865,846 ) | (3.7 ) |
Crescent Energy Co., Class A | (376,314 ) | (4,677,583 ) | (20.0 ) |
Cricut, Inc., Class A | (23,032 ) | (151,551 ) | (0.7 ) |
Cytek Biosciences, Inc. | (25,007 ) | (123,660 ) | (0.5 ) |
Daily Journal Corp. | (477 ) | (231,345 ) | (1.0 ) |
DiamondRock Hospitality Co. | (45,617 ) | (390,938 ) | (1.7 ) |
DigitalBridge Group, Inc., Class A | (143,240 ) | (2,247,436 ) | (9.6 ) |
Dine Brands Global, Inc. | (22,153 ) | (674,337 ) | (2.9 ) |
Dynex Capital, Inc. | (230,578 ) | (2,815,357 ) | (12.1 ) |
Easterly Government Properties, Inc. | (378,031 ) | (5,126,100 ) | (21.9 ) |
Eastern Bankshares, Inc. | (46,464 ) | (758,757 ) | (3.3 ) |
Eastman Kodak Co. | (215,525 ) | (1,017,278 ) | (4.4 ) |
Embecta Corp. | (38,551 ) | (542,798 ) | (2.3 ) |
Enfusion, Inc., Class A | (133,181 ) | (1,186,643 ) | (5.1 ) |
Enliven Therapeutics, Inc. | (11,461 ) | (319,189 ) | (1.4 ) |
Enovix Corp. | (71,470 ) | (643,587 ) | (2.8 ) |
EverCommerce, Inc. | (80,480 ) | (846,650 ) | (3.6 ) |
Excelerate Energy, Inc., Class A | (39,606 ) | (945,791 ) | (4.1 ) |
First Bancorp/Southern Pines NC | (42,711 ) | (1,781,049 ) | (7.6 ) |
First Commonwealth Financial Corp. | (73,859 ) | (1,214,242 ) | (5.2 ) |
First Community Bankshares, Inc. | (9,762 ) | (404,733 ) | (1.7 ) |
Global Medical REIT, Inc. | (46,206 ) | (420,013 ) | (1.8 ) |
Great Southern Bancorp, Inc. | (6,362 ) | (360,662 ) | (1.5 ) |
Grid Dynamics Holdings, Inc., Class A | (15,285 ) | (243,337 ) | (1.0 ) |
Guess?, Inc. | (122,451 ) | (2,080,442 ) | (8.9 ) |
Hawkins, Inc. | (2,068 ) | (221,069 ) | (0.9 ) |
HighPeak Energy, Inc. | (1,299 ) | (16,627 ) | (0.1 ) |
Highwoods Properties, Inc. | (253,432 ) | (8,500,109 ) | (36.4 ) |
Hovnanian Enterprises, Inc., Class A | (7,709 ) | (1,357,092 ) | (5.8 ) |
Ibotta, Inc., Class A | (1,114 ) | (81,645 ) | (0.4 ) |
International Bancshares Corp. | (13,317 ) | (815,799 ) | (3.5 ) |
IonQ, Inc. | (155,964 ) | (2,344,139 ) | (10.0 ) |
Kimball Electronics, Inc. | (5,479 ) | (97,471 ) | (0.4 ) |
Kinetik Holdings, Inc., Class A | (107,241 ) | (5,219,419 ) | (22.3 ) |
Leggett & Platt, Inc. | (54,941 ) | (659,292 ) | (2.8 ) |
Ligand Pharmaceuticals, Inc. | (6,595 ) | (697,092 ) | (3.0 ) |
Limbach Holdings, Inc. | (9,102 ) | (691,479 ) | (3.0 ) |
LTC Properties, Inc. | (87,120 ) | (3,327,984 ) | (14.2 ) |
Lumentum Holdings, Inc. | (76,379 ) | (4,878,327 ) | (20.9 ) |
Macerich Co. | (637,965 ) | (11,929,945 ) | (51.1 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Manitowoc Co., Inc. | (12,669 ) | $(118,328 ) | (0.5 )% |
MaxCyte, Inc. | (15,107 ) | (54,083 ) | (0.2 ) |
MeridianLink, Inc. | (74,148 ) | (1,628,290 ) | (7.0 ) |
Metallus, Inc. | (40,426 ) | (569,602 ) | (2.4 ) |
Middlesex Water Co. | (5,513 ) | (337,340 ) | (1.4 ) |
Mission Produce, Inc. | (15,733 ) | (185,649 ) | (0.8 ) |
Mitek Systems, Inc. | (220,701 ) | (1,895,822 ) | (8.1 ) |
Montauk Renewables, Inc. | (8,423 ) | (46,579 ) | (0.2 ) |
NBT Bancorp, Inc. | (20,492 ) | (911,484 ) | (3.9 ) |
Neogen Corp. | (135,619 ) | (1,936,639 ) | (8.3 ) |
NextDecade Corp. | (5,204 ) | (30,391 ) | (0.1 ) |
NextNav, Inc. | (127,771 ) | (1,484,699 ) | (6.4 ) |
nLight, Inc. | (76,249 ) | (951,588 ) | (4.1 ) |
ONE Gas, Inc. | (29,866 ) | (2,128,550 ) | (9.1 ) |
OneWater Marine, Inc., Class A | (33,812 ) | (736,087 ) | (3.2 ) |
Open Lending Corp. | (196,167 ) | (1,098,535 ) | (4.7 ) |
Peakstone Realty Trust, Class E | (9,587 ) | (125,781 ) | (0.5 ) |
PennyMac Financial Services, Inc., Class A | (39,412 ) | (3,928,588 ) | (16.8 ) |
PolyPeptide Group AG | (12,688 ) | (423,300 ) | (1.8 ) |
Portillo’s, Inc., Class A | (113,979 ) | (1,473,748 ) | (6.3 ) |
PotlatchDeltic Corp. | (97,083 ) | (4,035,740 ) | (17.3 ) |
Premier, Inc., Class A | (185,240 ) | (3,732,586 ) | (16.0 ) |
RCI Hospitality Holdings, Inc. | (11,910 ) | (517,132 ) | (2.2 ) |
Ready Capital Corp. | (135,870 ) | (930,710 ) | (4.0 ) |
Resideo Technologies, Inc. | (5,393 ) | (106,080 ) | (0.5 ) |
Retail Opportunity Investments Corp. | (80,337 ) | (1,245,224 ) | (5.3 ) |
S&T Bancorp, Inc. | (22,274 ) | (845,967 ) | (3.6 ) |
Silgan Holdings, Inc. | (32,506 ) | (1,681,860 ) | (7.2 ) |
Smith Douglas Homes Corp., Class A | (3,235 ) | (107,143 ) | (0.5 ) |
Sotera Health Co. | (120,561 ) | (1,889,191 ) | (8.1 ) |
Stellar Bancorp, Inc. | (30,910 ) | (841,370 ) | (3.6 ) |
Sunnova Energy International, Inc. | (18,888 ) | (114,650 ) | (0.5 ) |
Sunstone Hotel Investors, Inc. | (108,922 ) | (1,099,023 ) | (4.7 ) |
Sweetgreen, Inc., Class A | (143,685 ) | (5,187,029 ) | (22.2 ) |
Texas Capital Bancshares, Inc. | (23,486 ) | (1,807,248 ) | (7.7 ) |
TI Fluid Systems PLC | (330,487 ) | (725,302 ) | (3.1 ) |
Towne Bank | (34,027 ) | (1,106,558 ) | (4.7 ) |
Triumph Financial, Inc. | (5,643 ) | (498,672 ) | (2.1 ) |
Triumph Group, Inc. | (138,714 ) | (1,919,802 ) | (8.2 ) |
Trupanion, Inc. | (12,640 ) | (692,419 ) | (3.0 ) |
Ubiquiti, Inc. | (4,334 ) | (1,151,500 ) | (4.9 ) |
UFP Technologies, Inc. | (2,238 ) | (597,546 ) | (2.6 ) |
United Community Banks, Inc. | (55,339 ) | (1,574,948 ) | (6.7 ) |
Upstart Holdings, Inc. | (2,388 ) | (116,248 ) | (0.5 ) |
Urban Outfitters, Inc. | (266,631 ) | (9,585,384 ) | (41.0 ) |
Vishay Intertechnology, Inc. | (94,476 ) | (1,602,313 ) | (6.9 ) |
VSE Corp. | (47,995 ) | (4,925,247 ) | (21.1 ) |
Westrock Coffee Co. | (8,636 ) | (57,343 ) | (0.2 ) |
White Mountains Insurance Group Ltd. | (1,196 ) | (2,149,379 ) | (9.2 ) |
XPEL, Inc. | (24,724 ) | (953,605 ) | (4.1 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Xponential Fitness, Inc., Class A | (161,642 ) | $(1,980,115 ) | (8.5 )% |
Ypsomed Holding AG | (15,508 ) | (545,416 ) | (2.3 ) |
(209,250,899 ) | |||
Total Reference Entity — Short | (363,331,318 ) | ||
Net Value of Reference Entity — Bank of America N.A. | $23,358,367 |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 226,033 | $1,551,945 | 102.8 % |
Glencore PLC | 608,746 | 3,192,653 | 211.4 |
Northern Star Resources Ltd. | 285,841 | 3,317,011 | 219.6 |
Sonic Healthcare Ltd. | 39,140 | 689,659 | 45.7 |
South32 Ltd. | 1,288,033 | 3,088,901 | 204.5 |
Worley Ltd. | 149,090 | 1,369,048 | 90.6 |
13,209,217 | |||
Canada | |||
Algonquin Power & Utilities Corp. | 220,495 | 1,065,775 | 70.6 |
Barrick Gold Corp. | 57,382 | 1,109,024 | 73.4 |
Canadian Tire Corp. Ltd., Class A | 7,306 | 777,484 | 51.5 |
CGI, Inc., Class A | 187,253 | 20,743,278 | 1,373.4 |
Emera, Inc. | 50,581 | 1,910,842 | 126.5 |
FirstService Corp. | 14,623 | 2,707,516 | 179.3 |
IGM Financial, Inc. | 236,186 | 7,095,673 | 469.8 |
Keyera Corp. | 102,569 | 3,149,963 | 208.5 |
Loblaw Cos Ltd. | 29,001 | 3,666,704 | 242.8 |
Open Text Corp. | 26,247 | 787,212 | 52.1 |
Stantec, Inc. | 6,375 | 517,106 | 34.2 |
TELUS Corp. | 96,557 | 1,526,354 | 101.1 |
45,056,931 | |||
China | |||
Budweiser Brewing Co APAC Ltd. | 2,394,800 | 2,497,724 | 165.4 |
Denmark | |||
Novo Nordisk A/S, Class B | 40,959 | 4,594,166 | 304.2 |
Vestas Wind Systems A/S | 122,982 | 2,343,708 | 155.2 |
6,937,874 | |||
Finland | |||
Nordea Bank Abp | 206,131 | 2,413,172 | 159.8 |
Stora Enso OYJ | 134,393 | 1,499,751 | 99.3 |
3,912,923 | |||
France | |||
Amundi SA | 24,348 | 1,765,329 | 116.9 |
Eiffage SA | 12,887 | 1,199,440 | 79.4 |
Security | Shares | Value | % of Basket Value |
France (continued) | |||
Gaztransport Et Technigaz SA | 6,878 | $1,000,743 | 66.2 % |
Sodexo SA | 23,737 | 2,060,429 | 136.4 |
Valeo SE | 282,677 | 2,748,225 | 182.0 |
8,774,166 | |||
Germany | |||
Fresenius Medical Care AG | 28,385 | 1,111,130 | 73.6 |
Fresenius SE & Co. KGaA | 21,478 | 784,175 | 51.9 |
Nordex SE | 76,697 | 1,092,974 | 72.3 |
2,988,279 | |||
Hong Kong | |||
WH Group Ltd. | 1,147,000 | 892,729 | 59.1 |
Ireland | |||
Kerry Group PLC | 9,970 | 995,757 | 65.9 |
Italy | |||
Azimut Holding SpA | 65,718 | 1,625,501 | 107.6 |
Enel SpA | 27,355 | 207,462 | 13.8 |
Intesa Sanpaolo SpA | 413,621 | 1,770,302 | 117.2 |
Saipem SpA | 3,452,495 | 8,208,627 | 543.5 |
11,811,892 | |||
Japan | |||
AGC, Inc. | 33,600 | 1,029,676 | 68.2 |
Amada Co. Ltd. | 395,500 | 3,897,612 | 258.1 |
Asahi Kasei Corp. | 165,200 | 1,139,662 | 75.5 |
Canon, Inc. | 70,800 | 2,302,769 | 152.5 |
Daiichi Sankyo Co. Ltd. | 65,800 | 2,141,673 | 141.8 |
Daiwa House Industry Co. Ltd. | 120,600 | 3,597,335 | 238.2 |
Horiba Ltd. | 74,300 | 4,567,519 | 302.4 |
Hulic Co. Ltd. | 65,500 | 606,554 | 40.2 |
J Front Retailing Co. Ltd. | 268,100 | 2,847,133 | 188.5 |
Japan Tobacco, Inc. | 94,500 | 2,638,199 | 174.7 |
Kubota Corp. | 17,200 | 219,766 | 14.6 |
Kyowa Kirin Co. Ltd. | 14,600 | 240,634 | 15.9 |
Marubeni Corp. | 8,400 | 125,573 | 8.3 |
Mitsubishi Chemical Group Corp. | 263,700 | 1,422,948 | 94.2 |
Mitsubishi Materials Corp. | 30,500 | 500,416 | 33.1 |
Nexon Co. Ltd. | 120,300 | 2,085,033 | 138.0 |
Nippon Express Holdings, Inc | 4,100 | 202,138 | 13.4 |
Obayashi Corp. | 142,300 | 1,744,487 | 115.5 |
Ono Pharmaceutical Co. Ltd. | 190,100 | 2,374,384 | 157.2 |
Otsuka Corp. | 19,900 | 446,625 | 29.6 |
Panasonic Holdings Corp. | 36,600 | 301,219 | 19.9 |
Rakuten Group, Inc. | 436,500 | 2,605,273 | 172.5 |
Sankyo Co. Ltd. | 29,600 | 393,157 | 26.0 |
Santen Pharmaceutical Co. Ltd. | 460,100 | 5,502,266 | 364.3 |
Shionogi & Co. Ltd. | 61,900 | 884,102 | 58.5 |
Skylark Holdings Co. Ltd. | 142,000 | 2,199,332 | 145.6 |
Subaru Corp. | 13,100 | 233,956 | 15.5 |
Sumitomo Corp. | 99,400 | 2,096,983 | 138.8 |
Sumitomo Mitsui Trust Group, Inc. | 173,100 | 3,796,139 | 251.3 |
Suzuki Motor Corp. | 797,300 | 7,911,870 | 523.8 |
T&D Holdings, Inc. | 4,500 | 71,830 | 4.8 |
Takashimaya Co. Ltd. | 382,400 | 3,027,676 | 200.5 |
Takeda Pharmaceutical Co. Ltd. | 167,500 | 4,673,450 | 309.4 |
Terumo Corp. | 363,500 | 6,922,966 | 458.4 |
Tokyo Tatemono Co. Ltd. | 8,500 | 138,803 | 9.2 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Tokyu Fudosan Holdings Corp. | 64,800 | $404,378 | 26.8 % |
Toyota Tsusho Corp. | 49,700 | 844,836 | 55.9 |
76,138,372 | |||
Macau | |||
Galaxy Entertainment Group Ltd. | 113,000 | 502,915 | 33.3 |
New Zealand | |||
Xero Ltd. | 34,168 | 3,319,610 | 219.8 |
Norway | |||
Aker BP ASA | 235,453 | 5,038,145 | 333.6 |
Singapore | |||
CapitaLand Integrated Commercial Trust | 93,200 | 141,597 | 9.4 |
Spain | |||
Bankinter SA | 187,677 | 1,531,145 | 101.4 |
Sweden | |||
Hexagon AB, Class B | 253,571 | 2,370,666 | 157.0 |
Switzerland | |||
ABB Ltd., Registered Shares | 75,217 | 4,179,891 | 276.8 |
Givaudan SA, Registered Shares | 854 | 4,054,321 | 268.4 |
Kuehne & Nagel International AG, Registered Shares | 25,806 | 6,442,180 | 426.5 |
PSP Swiss Property AG, Registered Shares | 2,019 | 286,718 | 19.0 |
14,963,110 | |||
United Kingdom | |||
IG Group Holdings PLC | 278,677 | 3,224,470 | 213.5 |
Imperial Brands PLC | 56,850 | 1,715,622 | 113.6 |
International Consolidated Airlines Group SA | 623,460 | 1,698,179 | 112.4 |
J Sainsbury PLC | 735,267 | 2,531,373 | 167.6 |
Man Group PLC/Jersey | 20 | 51 | 0.0 |
Marks & Spencer Group PLC | 243,547 | 1,181,665 | 78.2 |
MONY Group PLC | 1 | 2 | 0.0 |
Ocado Group PLC | 55,251 | 248,860 | 16.5 |
Smiths Group PLC | 120,551 | 2,378,813 | 157.5 |
12,979,035 | |||
United States | |||
CSL Ltd. | 6,283 | 1,179,666 | 78.1 |
Experian PLC | 99,760 | 4,868,867 | 322.4 |
GSK PLC | 156,363 | 2,823,693 | 186.9 |
Primo Water Corp. | 194,811 | 5,115,301 | 338.7 |
Shell PLC | 91,440 | 3,052,938 | 202.1 |
17,040,465 | |||
Zambia | |||
First Quantum Minerals Ltd. | 226,357 | 2,924,669 | 193.6 |
Total Reference Entity — Long | 234,027,221 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Pilbara Minerals Ltd. | (822,622 ) | (1,523,650 ) | (100.9 ) |
Rio Tinto PLC | (118,030 ) | (7,628,044 ) | (505.0 ) |
(9,151,694 ) | |||
Belgium | |||
D Ieteren Group | (24,565 ) | (5,318,244 ) | (352.1 ) |
Security | Shares | Value | % of Basket Value |
Belgium (continued) | |||
Elia Group SA/NV | (26,141 ) | $(2,487,467 ) | (164.7 )% |
Syensqo SA | (1,028 ) | (79,747 ) | (5.3 ) |
(7,885,458 ) | |||
Canada | |||
Air Canada | (92,879 ) | (1,258,755 ) | (83.3 ) |
AltaGas Ltd. | (147,528 ) | (3,525,160 ) | (233.4 ) |
Canadian Western Bank | (164,017 ) | (6,743,975 ) | (446.5 ) |
Capital Power Corp. | (114,207 ) | (4,631,931 ) | (306.7 ) |
Capstone Copper Corp. | (1,193,789 ) | (8,256,680 ) | (546.7 ) |
Element Fleet Management Corp. | (354,203 ) | (7,247,634 ) | (479.9 ) |
Metro, Inc. | (20,527 ) | (1,219,074 ) | (80.7 ) |
National Bank of Canada | (55,140 ) | (5,259,160 ) | (348.2 ) |
Quebecor, Inc., Class B | (31,200 ) | (776,891 ) | (51.4 ) |
(38,919,260 ) | |||
China | |||
Wharf Holdings, Ltd. | (42,000 ) | (119,003 ) | (7.9 ) |
Denmark | |||
Coloplast A/S, Class B | (19,001 ) | (2,379,886 ) | (157.6 ) |
Finland | |||
Kesko OYJ, Class B | (31,578 ) | (678,239 ) | (44.9 ) |
Neste OYJ | (146,629 ) | (2,354,277 ) | (155.9 ) |
(3,032,516 ) | |||
France | |||
Cie de Saint-Gobain SA | (25,715 ) | (2,331,962 ) | (154.4 ) |
Klepierre SA | (62,905 ) | (2,011,173 ) | (133.2 ) |
Legrand SA | (3,599 ) | (406,213 ) | (26.9 ) |
Renault SA | (102,489 ) | (4,689,325 ) | (310.5 ) |
Rexel SA | (73,243 ) | (2,017,950 ) | (133.6 ) |
Sartorius Stedim Biotech | (3,824 ) | (767,105 ) | (50.8 ) |
TotalEnergies SE | (64,237 ) | (4,031,235 ) | (266.9 ) |
Unibail-Rodamco-Westfield | (116,089 ) | (9,492,862 ) | (628.5 ) |
(25,747,825 ) | |||
Germany | |||
MTU Aero Engines AG | (4,127 ) | (1,348,873 ) | (89.3 ) |
Hong Kong | |||
Power Assets Holdings Ltd. | (183,500 ) | (1,222,342 ) | (80.9 ) |
Italy | |||
Iveco Group NV | (79,152 ) | (822,531 ) | (54.5 ) |
Nexi SpA | (43,391 ) | (274,266 ) | (18.1 ) |
(1,096,797 ) | |||
Japan | |||
Asics Corp. | (88,500 ) | (1,545,820 ) | (102.3 ) |
BayCurrent, Inc. | (22,700 ) | (737,728 ) | (48.8 ) |
Chugoku Electric Power Co., Inc. | (250,000 ) | (1,819,416 ) | (120.5 ) |
Cosmo Energy Holdings Co. Ltd. | (12,300 ) | (607,124 ) | (40.2 ) |
Cosmos Pharmaceutical Corp. | (15,700 ) | (754,589 ) | (50.0 ) |
Dai Nippon Printing Co. Ltd. | (4,300 ) | (74,632 ) | (4.9 ) |
Dexerials Corp. | (3,300 ) | (50,383 ) | (3.3 ) |
Fujikura Ltd. | (35,400 ) | (1,301,065 ) | (86.1 ) |
Hoya Corp. | (3,300 ) | (441,520 ) | (29.2 ) |
Japan Exchange Group, Inc. | (16,400 ) | (192,225 ) | (12.7 ) |
Japan Post Bank Co. Ltd. | (514,700 ) | (4,596,964 ) | (304.4 ) |
Japan Post Holdings Co. Ltd. | (132,700 ) | (1,224,301 ) | (81.1 ) |
Japan Real Estate Investment Corp. | (331 ) | (1,203,996 ) | (79.7 ) |
Kawasaki Heavy Industries Ltd. | (40,900 ) | (1,565,992 ) | (103.7 ) |
Keisei Electric Railway Co. Ltd. | (18,200 ) | (473,525 ) | (31.4 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Keyence Corp. | (5,000 ) | $(2,257,067 ) | (149.4 )% |
Kobayashi Pharmaceutical Co. Ltd. | (35,300 ) | (1,314,861 ) | (87.1 ) |
Kobe Bussan Co. Ltd. | (155,000 ) | (3,802,103 ) | (251.7 ) |
Kosaido Holdings Co. Ltd. | (11,800 ) | (591,995 ) | (39.2 ) |
Kuraray Co. Ltd. | (5,500 ) | (74,533 ) | (4.9 ) |
Kyoto Financial Group, Inc. | (142,100 ) | (2,085,512 ) | (138.1 ) |
Kyushu Railway Co. | (159,600 ) | (4,199,157 ) | (278.0 ) |
Maruwa Co. Ltd. | (8,300 ) | (2,289,699 ) | (151.6 ) |
MatsukiyoCocokara & Co. | (15,000 ) | (204,220 ) | (13.5 ) |
Mitsubishi Heavy Industries Ltd. | (125,700 ) | (1,774,501 ) | (117.5 ) |
Mitsui OSK Lines Ltd. | (1,400 ) | (47,664 ) | (3.2 ) |
Nichirei Corp. | (1,300 ) | (36,329 ) | (2.4 ) |
Nippon Building Fund, Inc. | (495 ) | (425,151 ) | (28.1 ) |
Nitori Holdings Co. Ltd. | (3,000 ) | (382,064 ) | (25.3 ) |
NTT Data Group Corp. | (10,000 ) | (158,202 ) | (10.5 ) |
Omron Corp. | (7,900 ) | (311,902 ) | (20.7 ) |
Osaka Gas Co. Ltd. | (4,000 ) | (85,715 ) | (5.7 ) |
Rakus Co. Ltd. | (106,700 ) | (1,426,717 ) | (94.5 ) |
Rakuten Bank Ltd. | (62,700 ) | (1,271,212 ) | (84.2 ) |
Rorze Corp. | (229,500 ) | (3,344,853 ) | (221.5 ) |
Ryohin Keikaku Co. Ltd. | (73,300 ) | (1,199,546 ) | (79.4 ) |
Sanrio Co. Ltd. | (29,100 ) | (789,452 ) | (52.3 ) |
Sapporo Holdings Ltd. | (11,700 ) | (561,594 ) | (37.2 ) |
SBI Sumishin Net Bank Ltd. | (60,300 ) | (1,056,273 ) | (69.9 ) |
Secom Co. Ltd. | (10,200 ) | (362,741 ) | (24.0 ) |
Seibu Holdings, Inc. | (19,800 ) | (442,107 ) | (29.3 ) |
SG Holdings Co. Ltd. | (49,400 ) | (495,400 ) | (32.8 ) |
Square Enix Holdings Co. Ltd. | (2,300 ) | (89,830 ) | (5.9 ) |
SUMCO Corp. | (300 ) | (2,868 ) | (0.2 ) |
Sumitomo Forestry Co. Ltd. | (2,900 ) | (111,719 ) | (7.4 ) |
Toho Co. Ltd. | (42,500 ) | (1,622,997 ) | (107.5 ) |
Tohoku Electric Power Co., Inc. | (67,400 ) | (661,119 ) | (43.8 ) |
Tokyo Electric Power Co Holdings, Inc. | (497,800 ) | (2,010,372 ) | (133.1 ) |
Tokyo Gas Co. Ltd. | (14,800 ) | (365,159 ) | (24.2 ) |
TOPPAN Holdings, Inc. | (2,700 ) | (78,978 ) | (5.2 ) |
Toray Industries, Inc. | (38,400 ) | (208,822 ) | (13.8 ) |
Trial Holdings, Inc. | (38,700 ) | (721,813 ) | (47.8 ) |
Visional, Inc. | (200 ) | (10,702 ) | (0.7 ) |
Yakult Honsha Co. Ltd. | (40,400 ) | (877,936 ) | (58.1 ) |
Yamaha Motor Co. Ltd. | (3,900 ) | (34,090 ) | (2.3 ) |
Yokohama Rubber Co. Ltd. | (6,200 ) | (127,089 ) | (8.4 ) |
(54,503,344 ) | |||
Luxembourg | |||
ArcelorMittal SA | (55,921 ) | (1,383,166 ) | (91.6 ) |
Netherlands | |||
Adyen NV | (523 ) | (798,966 ) | (52.9 ) |
IMCD NV | (6,323 ) | (1,005,300 ) | (66.6 ) |
JDE Peet’s NV | (40,697 ) | (918,795 ) | (60.8 ) |
Universal Music Group NV | (756,626 ) | (19,041,380 ) | (1,260.7 ) |
(21,764,441 ) | |||
Singapore | |||
CapitaLand Ascendas REIT | (18,000 ) | (36,477 ) | (2.4 ) |
CapitaLand Investment Ltd./Singapore | (392,100 ) | (828,346 ) | (54.8 ) |
Oversea-Chinese Banking Corp. Ltd. | (306,300 ) | (3,514,211 ) | (232.7 ) |
Sembcorp Industries Ltd. | (365,700 ) | (1,387,410 ) | (91.9 ) |
(5,766,444 ) |
Security | Shares | Value | % of Basket Value |
Spain | |||
Amadeus IT Group SA | (13,561 ) | $(983,081 ) | (65.1 )% |
Cellnex Telecom SA | (99,932 ) | (3,670,078 ) | (243.0 ) |
(4,653,159 ) | |||
Sweden | |||
Epiroc AB, Class A | (101,213 ) | (1,976,720 ) | (130.9 ) |
Epiroc AB, Class B | (36,193 ) | (623,498 ) | (41.3 ) |
Lifco AB, Class B | (3,904 ) | (116,487 ) | (7.7 ) |
(2,716,705 ) | |||
Switzerland | |||
Bachem Holding AG | (3,429 ) | (271,372 ) | (18.0 ) |
Baloise Holding AG, Registered Shares | (16,485 ) | (3,154,888 ) | (208.9 ) |
Partners Group Holding AG | (7,884 ) | (10,847,032 ) | (718.2 ) |
SIG Group AG | (8,505 ) | (183,539 ) | (12.1 ) |
Sika AG, Registered Shares | (22,133 ) | (6,164,420 ) | (408.1 ) |
Swatch Group AG, Registered Shares | (19,472 ) | (788,948 ) | (52.2 ) |
Swiss Life Holding AG, Registered Shares | (5,599 ) | (4,559,264 ) | (301.9 ) |
Swisscom AG, Registered Shares | (6,502 ) | (3,961,545 ) | (262.3 ) |
(29,931,008 ) | |||
United Kingdom | |||
DS Smith PLC | (79,060 ) | (555,844 ) | (36.8 ) |
Endeavour Mining PLC | (31,185 ) | (699,294 ) | (46.3 ) |
JD Sports Fashion PLC | (706,935 ) | (1,133,560 ) | (75.1 ) |
Rentokil Initial PLC | (293,042 ) | (1,469,832 ) | (97.3 ) |
RS Group PLC | (447,796 ) | (4,014,630 ) | (265.8 ) |
Segro PLC | (9,752 ) | (98,811 ) | (6.5 ) |
Wise PLC, Class A | (7,527 ) | (68,655 ) | (4.6 ) |
(8,040,626 ) | |||
United States | |||
Tenaris SA | (11,406 ) | (187,919 ) | (12.4 ) |
Preferred Stocks | |||
Germany | |||
Dr Ing hc F Porsche AG | (51,064 ) | (3,592,883 ) | (237.9 ) |
Volkswagen AG | (93,481 ) | (9,073,524 ) | (600.7 ) |
Total Reference Entity — Short | (232,516,873 ) | ||
Net Value of Reference Entity — Bank of America N.A. | $1,510,348 |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
Lendlease Corp Ltd. | 4 | $18 | (0.0 )% |
Qantas Airways Ltd. | 59,965 | 317,483 | (5.0 ) |
REA Group Ltd. | 60,138 | 8,890,496 | (139.1 ) |
9,207,997 | |||
Belgium | |||
Liberty Global Ltd., Class C | 188,874 | 3,894,582 | (60.9 ) |
Security | Shares | Value | % of Basket Value |
Brazil | |||
MercadoLibre, Inc. | 11,567 | $23,564,061 | (368.8 )% |
China | |||
Yangzijiang Shipbuilding Holdings Ltd. | 1,433,500 | 2,784,997 | (43.6 ) |
Denmark | |||
AP Moller - Maersk A/S, Class A | 399 | 608,451 | (9.5 ) |
AP Moller - Maersk A/S, Class B | 6,956 | 11,002,745 | (172.2 ) |
Genmab A/S | 9,468 | 2,120,427 | (33.2 ) |
Novo Nordisk A/S, Class B | 44,393 | 4,979,340 | (77.9 ) |
18,710,963 | |||
France | |||
Amundi SA | 13,034 | 945,018 | (14.8 ) |
Bouygues SA | 111,981 | 3,599,240 | (56.3 ) |
Cie Generale des Etablissements Michelin SCA | 191,151 | 6,460,045 | (101.1 ) |
Engie SA | 505,114 | 8,466,473 | (132.5 ) |
Gaztransport Et Technigaz SA | 11,503 | 1,673,676 | (26.2 ) |
Nexans SA | 26,494 | 3,688,035 | (57.7 ) |
Valeo SE | 626,471 | 6,090,639 | (95.3 ) |
Veolia Environnement SA | 30,376 | 964,428 | (15.1 ) |
31,887,554 | |||
Germany | |||
Evonik Industries AG | 328,238 | 7,234,096 | (113.2 ) |
HUGO BOSS AG | 17,988 | 828,133 | (13.0 ) |
Nordex SE | 157,998 | 2,251,557 | (35.2 ) |
Rheinmetall AG | 1,334 | 686,790 | (10.7 ) |
Siemens Energy AG | 742,663 | 30,503,464 | (477.4 ) |
41,504,040 | |||
Hong Kong | |||
Prudential PLC | 492,838 | 4,102,802 | (64.2 ) |
Sun Hung Kai Properties Ltd. | 21,500 | 232,801 | (3.6 ) |
4,335,603 | |||
Israel | |||
Cellebrite Di Ltd. | 303,984 | 5,517,310 | (86.4 ) |
Wix.com Ltd. | 29,953 | 5,005,745 | (78.3 ) |
ZIM Integrated Shipping Services Ltd. | 218,629 | 5,201,184 | (81.4 ) |
15,724,239 | |||
Japan | |||
Daikin Industries Ltd. | 71,000 | 8,524,026 | (133.4 ) |
Marubeni Corp. | 477,300 | 7,135,265 | (111.7 ) |
Nomura Holdings, Inc. | 1,226,300 | 6,288,348 | (98.4 ) |
Recruit Holdings Co. Ltd. | 15,800 | 964,788 | (15.1 ) |
Shiseido Co. Ltd. | 56,600 | 1,221,706 | (19.1 ) |
Sumitomo Chemical Co. Ltd. | 8,825,200 | 23,560,982 | (368.7 ) |
Trend Micro, Inc./Japan | 3,100 | 162,199 | (2.5 ) |
Unicharm Corp. | 17,900 | 577,185 | (9.0 ) |
USS Co. Ltd. | 17,400 | 145,721 | (2.3 ) |
48,580,220 | |||
Luxembourg | |||
Eurofins Scientific SE | 2,461 | 121,381 | (1.9 ) |
Netherlands | |||
Arcadis NV | 5,461 | 378,140 | (5.9 ) |
New Zealand | |||
Meridian Energy Ltd. | 3,480 | 12,359 | (0.2 ) |
Security | Shares | Value | % of Basket Value |
Singapore | |||
Seatrium Ltd. | 194,400 | $277,100 | (4.4 )% |
Singapore Telecommunications Ltd. | 2,855,300 | 6,736,311 | (105.4 ) |
7,013,411 | |||
Spain | |||
Acciona SA | 29,589 | 3,797,164 | (59.4 ) |
ACS Actividades de Construccion y Servicios SA | 213,476 | 10,237,332 | (160.2 ) |
Banco Bilbao Vizcaya Argentaria SA | 266,190 | 2,649,834 | (41.5 ) |
Enagas SA | 298,456 | 4,233,690 | (66.2 ) |
20,918,020 | |||
Sweden | |||
H & M Hennes & Mauritz AB, Class B | 608,526 | 9,071,473 | (142.0 ) |
Switzerland | |||
ABB Ltd., Class N, Registered Shares | 253,166 | 14,068,713 | (220.2 ) |
DSM-Firmenich AG | 50,831 | 6,027,703 | (94.3 ) |
Givaudan SA, Registered Shares | 2,412 | 11,450,845 | (179.2 ) |
Kuehne & Nagel International AG, Registered Shares | 37,478 | 9,355,965 | (146.4 ) |
TE Connectivity PLC | 84,355 | 12,435,614 | (194.6 ) |
53,338,840 | |||
United Kingdom | |||
Diploma PLC | 10,563 | 580,687 | (9.1 ) |
Rolls-Royce Holdings PLC | 5,207,072 | 35,930,868 | (562.3 ) |
36,511,555 | |||
United States | |||
Abercrombie & Fitch Co., Class A | 15,481 | 2,040,241 | (31.9 ) |
AECOM | 47,410 | 5,063,388 | (79.2 ) |
Agilent Technologies, Inc. | 38,807 | 5,056,940 | (79.1 ) |
Akamai Technologies, Inc. | 42,192 | 4,264,767 | (66.7 ) |
Alaska Air Group, Inc. | 211,573 | 10,136,462 | (158.6 ) |
Align Technology, Inc. | 63,307 | 12,979,834 | (203.1 ) |
Alkermes PLC | 56,811 | 1,460,043 | (22.8 ) |
Altria Group, Inc. | 543,993 | 29,625,859 | (463.6 ) |
Amazon.com, Inc. | 172,242 | 32,105,909 | (502.4 ) |
AMETEK, Inc. | 20,418 | 3,743,436 | (58.6 ) |
Apple, Inc. | 135,197 | 30,542,354 | (478.0 ) |
Arista Networks, Inc. | 4,524 | 1,748,255 | (27.4 ) |
Arrow Electronics, Inc. | 19,472 | 2,310,742 | (36.2 ) |
AutoNation, Inc. | 26,399 | 4,104,253 | (64.2 ) |
AZEK Co., Inc., Class A | 415,158 | 18,266,952 | (285.9 ) |
Ball Corp. | 29,469 | 1,746,038 | (27.3 ) |
Bank of America Corp. | 926,025 | 38,726,365 | (606.0 ) |
Becton Dickinson & Co. | 73,782 | 17,234,737 | (269.7 ) |
Berry Global Group, Inc. | 1,912 | 134,700 | (2.1 ) |
Biogen, Inc. | 21,896 | 3,809,904 | (59.6 ) |
BioMarin Pharmaceutical, Inc. | 23,228 | 1,530,493 | (24.0 ) |
Blueprint Medicines Corp. | 44,737 | 3,914,935 | (61.3 ) |
Booking Holdings, Inc. | 1,896 | 8,866,170 | (138.7 ) |
Box, Inc., Class A | 72,093 | 2,289,674 | (35.8 ) |
Bunge Global SA | 14,869 | 1,249,293 | (19.6 ) |
CACI International, Inc., Class A | 1,299 | 717,775 | (11.2 ) |
Carnival Corp. | 823,448 | 18,115,856 | (283.5 ) |
Cboe Global Markets, Inc. | 104,233 | 22,261,042 | (348.4 ) |
Centene Corp. | 4,109 | 255,826 | (4.0 ) |
Cheniere Energy, Inc. | 77,362 | 14,805,540 | (231.7 ) |
Chevron Corp. | 213,493 | 31,772,028 | (497.2 ) |
Cirrus Logic, Inc. | 24,235 | 2,661,488 | (41.6 ) |
Citigroup, Inc. | 202,456 | 12,991,602 | (203.3 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Colgate-Palmolive Co. | 221,918 | $20,795,936 | (325.4 )% |
ConocoPhillips | 233,044 | 25,527,640 | (399.5 ) |
CRH PLC | 66,669 | 6,362,223 | (99.6 ) |
CSL Ltd. | 7,951 | 1,492,842 | (23.4 ) |
CyberArk Software Ltd. | 7,282 | 2,013,619 | (31.5 ) |
D.R. Horton, Inc. | 76,220 | 12,881,180 | (201.6 ) |
Deckers Outdoor Corp. | 26,282 | 4,228,511 | (66.2 ) |
Devon Energy Corp. | 318,489 | 12,319,155 | (192.8 ) |
Dropbox, Inc., Class A | 104,451 | 2,700,058 | (42.3 ) |
Dycom Industries, Inc. | 13,177 | 2,297,146 | (35.9 ) |
EMCOR Group, Inc. | 6,645 | 2,964,135 | (46.4 ) |
EOG Resources, Inc. | 90,561 | 11,044,820 | (172.8 ) |
Etsy, Inc. | 72,436 | 3,726,108 | (58.3 ) |
Exelixis, Inc. | 70,550 | 2,342,260 | (36.7 ) |
ExlService Holdings, Inc. | 59,649 | 2,485,574 | (38.9 ) |
Ferguson Enterprises, Inc. | 67,632 | 13,305,920 | (208.2 ) |
First Horizon Corp. | 903,856 | 15,663,824 | (245.1 ) |
Flex Ltd. | 386,891 | 13,413,511 | (209.9 ) |
Flowserve Corp. | 97,179 | 5,115,503 | (80.1 ) |
Fox Corp., Class A | 254,290 | 10,680,180 | (167.1 ) |
Generac Holdings, Inc. | 109,622 | 18,147,922 | (284.0 ) |
GoDaddy, Inc., Class A | 28,991 | 4,835,699 | (75.7 ) |
Guidewire Software, Inc. | 92,215 | 17,175,966 | (268.8 ) |
Halliburton Co. | 1,164,938 | 32,315,380 | (505.7 ) |
HCA Healthcare, Inc. | 42,557 | 15,266,898 | (238.9 ) |
Hershey Co. | 5,707 | 1,013,449 | (15.9 ) |
Holcim AG | 19,182 | 1,883,685 | (29.5 ) |
Incyte Corp. | 28,235 | 2,092,778 | (32.8 ) |
Installed Building Products, Inc. | 68,096 | 14,770,022 | (231.1 ) |
Invesco Ltd. | 764,267 | 13,252,390 | (207.4 ) |
KB Home | 5,846 | 458,911 | (7.2 ) |
Kimberly-Clark Corp. | 108,036 | 14,496,270 | (226.9 ) |
KLA Corp. | 8,013 | 5,338,501 | (83.5 ) |
Lam Research Corp. | 182,338 | 13,556,830 | (212.2 ) |
Lamar Advertising Co., Class A | 22,023 | 2,907,036 | (45.5 ) |
Leidos Holdings, Inc. | 86,269 | 15,801,030 | (247.3 ) |
Lennar Corp., Class A | 184,128 | 31,356,998 | (490.7 ) |
Lockheed Martin Corp. | 24,679 | 13,475,968 | (210.9 ) |
Maximus, Inc. | 13,964 | 1,207,048 | (18.9 ) |
Medtronic PLC | 236,443 | 21,102,538 | (330.2 ) |
Merck & Co., Inc. | 131,671 | 13,472,577 | (210.8 ) |
Mettler-Toledo International, Inc. | 4,639 | 5,992,428 | (93.8 ) |
MGIC Investment Corp. | 122,096 | 3,057,284 | (47.8 ) |
MGM Resorts International | 220,263 | 8,121,097 | (127.1 ) |
Micron Technology, Inc. | 381,572 | 38,023,650 | (595.0 ) |
Microsoft Corp. | 79,814 | 32,432,419 | (507.5 ) |
Moody’s Corp. | 5,038 | 2,287,454 | (35.8 ) |
Motorola Solutions, Inc. | 33,578 | 15,088,274 | (236.1 ) |
Neurocrine Biosciences, Inc. | 7,114 | 855,601 | (13.4 ) |
Nutanix, Inc., Class A | 137,830 | 8,559,243 | (133.9 ) |
NVR, Inc. | 1,008 | 9,226,032 | (144.4 ) |
Owens Corning | 13,395 | 2,368,102 | (37.1 ) |
Paramount Global, Class B | 283,045 | 3,096,512 | (48.5 ) |
Penske Automotive Group, Inc. | 15,822 | 2,382,319 | (37.3 ) |
Pfizer, Inc. | 311,852 | 8,825,412 | (138.1 ) |
Pinterest, Inc., Class A | 15,867 | 504,412 | (7.9 ) |
Progressive Corp. | 19,670 | 4,776,466 | (74.7 ) |
PulteGroup, Inc. | 134,784 | 17,458,572 | (273.2 ) |
Qualys, Inc. | 105,283 | 12,553,945 | (196.5 ) |
Reinsurance Group of America, Inc. | 13,213 | 2,789,000 | (43.6 ) |
Robert Half, Inc. | 221,250 | 15,069,337 | (235.8 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Schlumberger NV | 247,690 | $9,924,938 | (155.3 )% |
Skechers USA, Inc., Class A | 98,196 | 6,035,126 | (94.4 ) |
Smartsheet, Inc., Class A | 279,879 | 15,790,773 | (247.1 ) |
Snap, Inc., Class A | 1,703,167 | 20,710,511 | (324.1 ) |
Spotify Technology SA | 35,841 | 13,802,369 | (216.0 ) |
T Rowe Price Group, Inc. | 117,265 | 12,882,733 | (201.6 ) |
Taylor Morrison Home Corp., Class A | 156,567 | 10,724,840 | (167.8 ) |
TD SYNNEX Corp. | 38,445 | 4,434,631 | (69.4 ) |
Teradyne, Inc. | 30,991 | 3,291,554 | (51.5 ) |
Thermo Fisher Scientific, Inc. | 10,856 | 5,930,850 | (92.8 ) |
Toll Brothers, Inc. | 126,537 | 18,530,078 | (290.0 ) |
Trex Co., Inc. | 37,268 | 2,640,438 | (41.3 ) |
U.S. Bancorp | 180,315 | 8,711,018 | (136.3 ) |
Uber Technologies, Inc. | 14,580 | 1,050,489 | (16.4 ) |
UDR, Inc. | 127,832 | 5,393,232 | (84.4 ) |
UGI Corp. | 35,729 | 854,280 | (13.4 ) |
United Therapeutics Corp. | 907 | 339,191 | (5.3 ) |
Valero Energy Corp. | 25,621 | 3,324,581 | (52.0 ) |
Veeva Systems, Inc., Class A | 9,492 | 1,982,214 | (31.0 ) |
VeriSign, Inc. | 38,441 | 6,797,906 | (106.4 ) |
Visa, Inc., Class A | 116,505 | 33,768,974 | (528.5 ) |
Webster Financial Corp. | 25,424 | 1,316,963 | (20.6 ) |
Westinghouse Air Brake Technologies Corp. | 8,210 | 1,543,316 | (24.2 ) |
Wingstop, Inc. | 22,116 | 6,362,552 | (99.6 ) |
Workday, Inc., Class A | 18,930 | 4,426,781 | (69.3 ) |
Xylem, Inc. | 26,577 | 3,236,547 | (50.6 ) |
Zoetis, Inc., Class A | 46,276 | 8,273,223 | (129.5 ) |
1,177,368,609 | |||
Total Reference Entity — Long | 1,504,928,044 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Endeavour Group Ltd./Australia | (285,380 ) | (877,861 ) | 13.7 |
Paladin Energy Ltd. | (224,007 ) | (1,474,773 ) | 23.1 |
Pilbara Minerals Ltd. | (390,606 ) | (723,475 ) | 11.3 |
Rio Tinto PLC | (81,174 ) | (5,246,114 ) | 82.1 |
SEEK Ltd. | (32,930 ) | (534,988 ) | 8.4 |
Seven Group Holdings Ltd. | (114,173 ) | (3,110,658 ) | 48.7 |
Treasury Wine Estates Ltd. | (1,138,105 ) | (8,449,683 ) | 132.2 |
(20,417,552 ) | |||
Belgium | |||
Anheuser-Busch InBev SA | (375,203 ) | (22,246,298 ) | 348.1 |
Bermuda | |||
RenaissanceRe Holdings Ltd. | (32,570 ) | (8,546,368 ) | 133.8 |
Canada | |||
Alimentation Couche-Tard, Inc. | (129,647 ) | (6,760,993 ) | 105.8 |
Canadian Western Bank | (314,336 ) | (12,924,722 ) | 202.2 |
Peyto Exploration & Development Corp. | (219,667 ) | (2,394,904 ) | 37.5 |
(22,080,619 ) | |||
Denmark | |||
Bavarian Nordic A/S | (37,917 ) | (1,193,788 ) | 18.7 |
Coloplast A/S, Class B | (27,329 ) | (3,422,973 ) | 53.6 |
Danske Bank A/S | (423,770 ) | (12,530,472 ) | 196.1 |
DSV A/S | (21,489 ) | (4,704,059 ) | 73.6 |
Security | Shares | Value | % of Basket Value |
Denmark (continued) | |||
NKT A/S, Class B | (190 ) | $(17,814 ) | 0.3 % |
Novozymes A/S, Class B | (24,423 ) | (1,534,784 ) | 24.0 |
(23,403,890 ) | |||
France | |||
Cie de Saint-Gobain SA | (144,364 ) | (13,091,635 ) | 204.9 |
EssilorLuxottica SA | (90,238 ) | (21,166,034 ) | 331.2 |
Kering SA | (35,733 ) | (8,925,048 ) | 139.7 |
Klepierre SA | (222,117 ) | (7,101,434 ) | 111.2 |
LVMH Moet Hennessy Louis Vuitton SE | (1,749 ) | (1,164,345 ) | 18.2 |
Renault SA | (14,143 ) | (647,105 ) | 10.1 |
TotalEnergies SE | (59,081 ) | (3,707,666 ) | 58.0 |
Unibail-Rodamco-Westfield | (45,243 ) | (3,699,623 ) | 57.9 |
(59,502,890 ) | |||
Germany | |||
Beiersdorf AG | (1,291 ) | (174,277 ) | 2.7 |
MTU Aero Engines AG, Class N | (20,917 ) | (6,836,535 ) | 107.0 |
Siemens Healthineers AG | (8,935 ) | (466,447 ) | 7.3 |
SMA Solar Technology AG | (5 ) | (87 ) | 0.0 |
(7,477,346 ) | |||
Israel | |||
Global-e Online Ltd. | (14,736 ) | (566,452 ) | 8.8 |
Mobileye Global, Inc., Class A | (40,254 ) | (547,857 ) | 8.6 |
Oddity Tech Ltd., Class A | (4,002 ) | (153,637 ) | 2.4 |
(1,267,946 ) | |||
Japan | |||
Advantest Corp. | (224,200 ) | (12,981,091 ) | 203.1 |
Ajinomoto Co., Inc. | (74,300 ) | (2,854,290 ) | 44.7 |
Asics Corp. | (110,200 ) | (1,924,852 ) | 30.1 |
BayCurrent, Inc. | (363,700 ) | (11,819,900 ) | 185.0 |
Central Japan Railway Co. | (19,000 ) | (393,475 ) | 6.2 |
Chugai Pharmaceutical Co. Ltd. | (277,700 ) | (13,213,369 ) | 206.8 |
Chugoku Electric Power Co., Inc. | (690,200 ) | (5,023,044 ) | 78.6 |
Cosmos Pharmaceutical Corp. | (7,700 ) | (370,085 ) | 5.8 |
Credit Saison Co. Ltd. | (14,000 ) | (314,892 ) | 4.9 |
Dexerials Corp. | (60,600 ) | (925,215 ) | 14.5 |
East Japan Railway Co. | (4,400 ) | (88,375 ) | 1.4 |
Food & Life Cos. Ltd. | (10,800 ) | (212,972 ) | 3.3 |
Fujikura Ltd. | (135,600 ) | (4,983,739 ) | 78.0 |
GMO Payment Gateway, Inc. | (2,100 ) | (125,784 ) | 2.0 |
Hamamatsu Photonics KK | (2,100 ) | (27,768 ) | 0.4 |
Hankyu Hanshin Holdings, Inc. | (100,800 ) | (2,740,757 ) | 42.9 |
Hoshizaki Corp. | (72,600 ) | (2,386,233 ) | 37.3 |
Ibiden Co. Ltd. | (436,100 ) | (13,852,576 ) | 216.8 |
Japan Post Holdings Co. Ltd. | (97,900 ) | (903,234 ) | 14.1 |
Japan Real Estate Investment Corp. | (3,074 ) | (11,181,524 ) | 175.0 |
Japan Steel Works Ltd. | (136,300 ) | (4,623,138 ) | 72.3 |
Jeol Ltd. | (2,900 ) | (107,577 ) | 1.7 |
Kawasaki Heavy Industries Ltd. | (46,900 ) | (1,795,722 ) | 28.1 |
Keisei Electric Railway Co. Ltd. | (131,300 ) | (3,416,142 ) | 53.5 |
Keyence Corp. | (3,000 ) | (1,354,240 ) | 21.2 |
Kikkoman Corp. | (979,200 ) | (11,488,705 ) | 179.8 |
Kintetsu Group Holdings Co. Ltd. | (44,000 ) | (1,022,626 ) | 16.0 |
Kobayashi Pharmaceutical Co. Ltd. | (100 ) | (3,725 ) | 0.1 |
Kobe Bussan Co. Ltd. | (319,000 ) | (7,824,973 ) | 122.5 |
Kokusai Electric Corp. | (262,100 ) | (4,779,061 ) | 74.8 |
Konami Group Corp. | (4,200 ) | (384,971 ) | 6.0 |
Kosaido Holdings Co. Ltd. | (53,600 ) | (2,689,062 ) | 42.1 |
Kuraray Co. Ltd. | (28,200 ) | (382,151 ) | 6.0 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Kyoto Financial Group, Inc. | (115,900 ) | $(1,700,991 ) | 26.6 % |
Kyushu Railway Co. | (193,100 ) | (5,080,559 ) | 79.5 |
Lasertec Corp. | (3,000 ) | (407,087 ) | 6.4 |
Maruwa Co. Ltd. | (15,900 ) | (4,386,292 ) | 68.6 |
MatsukiyoCocokara & Co. | (2,400 ) | (32,675 ) | 0.5 |
Mebuki Financial Group, Inc. | (406,600 ) | (1,520,847 ) | 23.8 |
Mercari, Inc. | (513,900 ) | (7,189,010 ) | 112.5 |
MinebeaMitsumi, Inc. | (189,200 ) | (3,330,765 ) | 52.1 |
Mitsubishi Heavy Industries Ltd. | (96,700 ) | (1,365,109 ) | 21.4 |
MonotaRO Co. Ltd. | (14,400 ) | (217,243 ) | 3.4 |
Nichirei Corp. | (6,900 ) | (192,822 ) | 3.0 |
Nippon Building Fund, Inc. | (213 ) | (182,944 ) | 2.9 |
Nippon Sanso Holdings Corp. | (196,100 ) | (6,807,022 ) | 106.5 |
Nissan Chemical Corp. | (67,500 ) | (2,279,826 ) | 35.7 |
Nissin Foods Holdings Co. Ltd. | (5,800 ) | (156,176 ) | 2.4 |
Nitori Holdings Co. Ltd. | (31,100 ) | (3,960,727 ) | 62.0 |
Obic Co. Ltd. | (197,000 ) | (6,437,451 ) | 100.7 |
Omron Corp. | (63,200 ) | (2,495,218 ) | 39.0 |
Rakus Co. Ltd. | (167,700 ) | (2,242,366 ) | 35.1 |
Rakuten Bank Ltd. | (401,900 ) | (8,148,325 ) | 127.5 |
Renesas Electronics Corp. | (221,300 ) | (2,965,048 ) | 46.4 |
Rohto Pharmaceutical Co. Ltd. | (3,500 ) | (78,706 ) | 1.2 |
Rorze Corp. | (183,300 ) | (2,671,510 ) | 41.8 |
Ryohin Keikaku Co. Ltd. | (25,400 ) | (415,668 ) | 6.5 |
Sanrio Co. Ltd. | (10,400 ) | (282,141 ) | 4.4 |
Sanwa Holdings Corp. | (90,200 ) | (2,285,131 ) | 35.8 |
Sapporo Holdings Ltd. | (37,000 ) | (1,775,982 ) | 27.8 |
SBI Sumishin Net Bank Ltd. | (312,200 ) | (5,468,795 ) | 85.6 |
SCREEN Holdings Co. Ltd. | (13,200 ) | (842,697 ) | 13.2 |
Secom Co. Ltd. | (164,600 ) | (5,853,651 ) | 91.6 |
Seibu Holdings, Inc. | (170,400 ) | (3,804,795 ) | 59.5 |
SG Holdings Co. Ltd. | (230,500 ) | (2,311,534 ) | 36.2 |
Shimadzu Corp. | (40,600 ) | (1,197,613 ) | 18.7 |
Shimano, Inc. | (16,600 ) | (2,438,700 ) | 38.2 |
Shin-Etsu Chemical Co. Ltd. | (24,300 ) | (890,448 ) | 13.9 |
Shinko Electric Industries Co. Ltd. | (506,300 ) | (18,105,992 ) | 283.3 |
SMC Corp. | (9,200 ) | (3,905,825 ) | 61.1 |
Socionext, Inc. | (182,100 ) | (3,390,178 ) | 53.0 |
SUMCO Corp. | (513,800 ) | (4,912,658 ) | 76.9 |
Sumitomo Forestry Co. Ltd. | (139,300 ) | (5,366,371 ) | 84.0 |
Sumitomo Metal Mining Co. Ltd. | (3,900 ) | (107,829 ) | 1.7 |
Toho Co. Ltd. | (102,900 ) | (3,929,563 ) | 61.5 |
Tohoku Electric Power Co., Inc. | (86,000 ) | (843,564 ) | 13.2 |
Tokyo Electric Power Co Holdings, Inc. | (2,558,600 ) | (10,332,942 ) | 161.7 |
Tokyo Gas Co. Ltd. | (43,300 ) | (1,068,336 ) | 16.7 |
Tokyu Corp. | (91,800 ) | (1,131,748 ) | 17.7 |
Toray Industries, Inc. | (49,600 ) | (269,728 ) | 4.2 |
TOTO Ltd. | (400 ) | (11,160 ) | 0.2 |
Trial Holdings, Inc. | (9,900 ) | (184,650 ) | 2.9 |
Visional, Inc. | (48,400 ) | (2,589,840 ) | 40.5 |
Yakult Honsha Co. Ltd. | (52,500 ) | (1,140,882 ) | 17.9 |
Yamaha Corp. | (80,500 ) | (650,058 ) | 10.2 |
Yamaha Motor Co. Ltd. | (399,800 ) | (3,494,659 ) | 54.7 |
ZOZO, Inc. | (216,900 ) | (7,033,081 ) | 110.1 |
(286,080,206 ) |
Security | Shares | Value | % of Basket Value |
Netherlands | |||
IMCD NV | (18,723 ) | $(2,976,789 ) | 46.6 % |
Universal Music Group NV | (1,326,440 ) | (33,381,418 ) | 522.4 |
(36,358,207 ) | |||
Norway | |||
DNB Bank ASA | (221,515 ) | (4,590,448 ) | 71.8 |
Singapore | |||
CapitaLand Investment Ltd./Singapore | (3,700 ) | (7,817 ) | 0.1 |
Sembcorp Industries Ltd. | (490,300 ) | (1,860,123 ) | 29.1 |
(1,867,940 ) | |||
Spain | |||
CaixaBank SA | (53,671 ) | (327,058 ) | 5.1 |
Sweden | |||
Castellum AB | (56,256 ) | (704,478 ) | 11.0 |
Epiroc AB, Class A | (339,770 ) | (6,635,808 ) | 103.9 |
Epiroc AB, Class B | (83,223 ) | (1,433,684 ) | 22.4 |
EQT AB | (136,677 ) | (3,965,410 ) | 62.1 |
Lifco AB, Class B | (8,663 ) | (258,486 ) | 4.1 |
Skandinaviska Enskilda Banken AB, Class A | (119,581 ) | (1,688,873 ) | 26.4 |
Volvo Car AB, Class B | (237,484 ) | (513,136 ) | 8.0 |
(15,199,875 ) | |||
Switzerland | |||
Baloise Holding AG, Class N, Registered Shares | (1,144 ) | (218,938 ) | 3.4 |
EMS-Chemie Holding AG, Registered Shares | (14 ) | (10,767 ) | 0.2 |
Julius Baer Group Ltd., Class N | (62,320 ) | (3,799,748 ) | 59.5 |
Partners Group Holding AG | (12,706 ) | (17,481,278 ) | 273.6 |
Sandoz Group AG | (102,689 ) | (4,681,413 ) | 73.2 |
Sika AG, Registered Shares | (38,527 ) | (10,730,429 ) | 167.9 |
Swiss Life Holding AG, Class N, Registered Shares | (2,974 ) | (2,421,727 ) | 37.9 |
Swisscom AG, Class N, Registered Shares | (1,818 ) | (1,107,673 ) | 17.3 |
UBS Group AG, Registered Shares | (370,377 ) | (11,329,086 ) | 177.3 |
VAT Group AG | (3,792 ) | (1,578,966 ) | 24.7 |
(53,360,025 ) | |||
United Kingdom | |||
DS Smith PLC | (2,236,830 ) | (15,726,378 ) | 246.1 |
Entain PLC | (306,659 ) | (2,949,294 ) | 46.2 |
HSBC Holdings PLC | (866,083 ) | (7,948,927 ) | 124.4 |
InterContinental Hotels Group PLC | (1,236 ) | (136,328 ) | 2.1 |
LondonMetric Property PLC | (977,711 ) | (2,443,980 ) | 38.3 |
RELX PLC | (257,817 ) | (11,823,407 ) | 185.0 |
St James’s Place PLC | (55,007 ) | (577,057 ) | 9.0 |
WPP PLC | (1,735,370 ) | (18,240,347 ) | 285.4 |
(59,845,718 ) | |||
United States | |||
AAON, Inc. | (81,330 ) | (9,289,513 ) | 145.4 |
Air Lease Corp., Class A | (39,258 ) | (1,741,092 ) | 27.2 |
Alexandria Real Estate Equities, Inc. | (10,907 ) | (1,216,676 ) | 19.0 |
Alight, Inc., Class A | (1,683,123 ) | (11,664,042 ) | 182.5 |
Antero Midstream Corp. | (1,357,894 ) | (19,512,937 ) | 305.4 |
APA Corp. | (478,192 ) | (11,285,331 ) | 176.6 |
Apollo Global Management, Inc. | (60,160 ) | (8,618,522 ) | 134.9 |
Applied Industrial Technologies, Inc. | (1,074 ) | (248,728 ) | 3.9 |
Aptiv PLC | (222,343 ) | (12,635,753 ) | 197.7 |
Aspen Technology, Inc. | (28,317 ) | (6,646,849 ) | 104.0 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Assurant, Inc. | (77,678 ) | $(14,890,873 ) | 233.0 % |
AST SpaceMobile, Inc., Class A | (13,362 ) | (318,149 ) | 5.0 |
ATI, Inc. | (60,138 ) | (3,169,874 ) | 49.6 |
Bill Holdings, Inc. | (51,126 ) | (2,983,713 ) | 46.7 |
BXP, Inc. | (246,841 ) | (19,885,511 ) | 311.2 |
Cadence Design Systems, Inc. | (67,194 ) | (18,553,607 ) | 290.3 |
Carrier Global Corp. | (692,456 ) | (50,355,400 ) | 788.0 |
Casella Waste Systems, Inc., Class A | (181,953 ) | (17,809,560 ) | 278.7 |
Celanese Corp., Class A | (63,615 ) | (8,013,582 ) | 125.4 |
Champion Homes, Inc. | (19,926 ) | (1,758,071 ) | 27.5 |
Chart Industries, Inc. | (25,994 ) | (3,137,996 ) | 49.1 |
Chord Energy Corp. | (16,186 ) | (2,024,869 ) | 31.7 |
Chubb Ltd. | (47,648 ) | (13,457,701 ) | 210.6 |
Churchill Downs, Inc. | (7,993 ) | (1,119,819 ) | 17.5 |
Clearwater Analytics Holdings, Inc., Class A | (99,315 ) | (2,593,115 ) | 40.6 |
Coca-Cola Consolidated, Inc. | (794 ) | (892,662 ) | 14.0 |
Commercial Metals Co. | (50,629 ) | (2,723,840 ) | 42.6 |
Constellation Energy Corp. | (40,090 ) | (10,542,066 ) | 165.0 |
Core & Main, Inc., Class A | (63,940 ) | (2,831,263 ) | 44.3 |
Crane Co. | (17,118 ) | (2,692,319 ) | 42.1 |
Darling Ingredients, Inc. | (15,728 ) | (615,122 ) | 9.6 |
Diamondback Energy, Inc. | (84,461 ) | (14,930,171 ) | 233.6 |
Dillard’s, Inc., Class A | (54,173 ) | (20,126,353 ) | 315.0 |
Duolingo, Inc., Class A | (5,182 ) | (1,518,171 ) | 23.8 |
Dutch Bros, Inc., Class A | (147,565 ) | (4,887,353 ) | 76.5 |
Elastic NV | (1,444 ) | (115,852 ) | 1.8 |
EQT Corp. | (1,396,380 ) | (51,023,725 ) | 798.5 |
Erie Indemnity Co., Class A | (38 ) | (17,056 ) | 0.3 |
Expand Energy Corp. | (3,029 ) | (256,617 ) | 4.0 |
Fastenal Co. | (57,466 ) | (4,492,692 ) | 70.3 |
GE HealthCare Technologies, Inc. | (154,996 ) | (13,538,901 ) | 211.9 |
Gen Digital, Inc. | (133,805 ) | (3,895,064 ) | 61.0 |
Glaukos Corp. | (31,920 ) | (4,221,420 ) | 66.1 |
Globus Medical, Inc., Class A | (79,165 ) | (5,821,794 ) | 91.1 |
GXO Logistics, Inc. | (66,435 ) | (3,973,477 ) | 62.2 |
HealthEquity, Inc. | (1,181 ) | (100,680 ) | 1.6 |
Hilton Worldwide Holdings, Inc. | (28,798 ) | (6,763,210 ) | 105.8 |
Ingersoll Rand, Inc. | (473,070 ) | (45,414,720 ) | 710.7 |
Inspire Medical Systems, Inc. | (10,558 ) | (2,059,232 ) | 32.2 |
International Business Machines Corp. | (44,724 ) | (9,245,345 ) | 144.7 |
Interpublic Group of Cos, Inc. | (87,420 ) | (2,570,148 ) | 40.2 |
Intra-Cellular Therapies, Inc. | (5,141 ) | (435,700 ) | 6.8 |
Intuitive Surgical, Inc. | (16,037 ) | (8,080,082 ) | 126.4 |
Kenvue, Inc. | (415,086 ) | (9,517,922 ) | 148.9 |
Keurig Dr. Pepper, Inc. | (167,732 ) | (5,526,769 ) | 86.5 |
Kinsale Capital Group, Inc. | (17,571 ) | (7,522,321 ) | 117.7 |
Lamb Weston Holdings, Inc. | (493,878 ) | (38,369,382 ) | 600.4 |
Lantheus Holdings, Inc. | (87,726 ) | (9,635,824 ) | 150.8 |
LPL Financial Holdings, Inc. | (17,677 ) | (4,988,096 ) | 78.1 |
Maplebear, Inc. | (44,963 ) | (1,982,868 ) | 31.0 |
MarketAxess Holdings, Inc. | (9,948 ) | (2,879,150 ) | 45.1 |
Matador Resources Co. | (80,479 ) | (4,193,761 ) | 65.6 |
Match Group, Inc. | (12,446 ) | (448,429 ) | 7.0 |
Modine Manufacturing Co. | (22,455 ) | (2,644,525 ) | 41.4 |
Monday.com Ltd. | (27,341 ) | (8,034,700 ) | 125.7 |
Mueller Industries, Inc. | (20,224 ) | (1,657,761 ) | 25.9 |
Nestle SA, Class N, Registered Shares | (189,687 ) | (17,924,019 ) | 280.5 |
Norfolk Southern Corp. | (115,694 ) | (28,973,248 ) | 453.4 |
Old National Bancorp | (294,901 ) | (5,679,793 ) | 88.9 |
Omnicom Group, Inc. | (60,626 ) | (6,123,226 ) | 95.8 |
ON Semiconductor Corp. | (17,283 ) | (1,218,279 ) | 19.1 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Paychex, Inc. | (111,349 ) | $(15,514,256 ) | 242.8 % |
Paylocity Holding Corp. | (65,572 ) | (12,102,624 ) | 189.4 |
PepsiCo, Inc. | (205,945 ) | (34,203,346 ) | 535.2 |
Pinnacle Financial Partners, Inc. | (5,945 ) | (626,900 ) | 9.8 |
Primerica, Inc. | (2,711 ) | (750,432 ) | 11.7 |
Procore Technologies, Inc. | (13,796 ) | (905,707 ) | 14.2 |
PTC, Inc. | (40,184 ) | (7,447,301 ) | 116.5 |
Raymond James Financial, Inc. | (27,733 ) | (4,110,585 ) | 64.3 |
RH | (9,112 ) | (2,898,072 ) | 45.4 |
Robinhood Markets, Inc., Class A | (176,836 ) | (4,153,878 ) | 65.0 |
Roku, Inc., Class A | (2,195 ) | (140,656 ) | 2.2 |
Ryan Specialty Holdings, Inc., Class A | (164,436 ) | (10,831,399 ) | 169.5 |
Ryman Hospitality Properties, Inc. | (14,263 ) | (1,526,854 ) | 23.9 |
Shift4 Payments, Inc., Class A | (94,492 ) | (8,545,856 ) | 133.7 |
Sinch AB | (273,056 ) | (815,421 ) | 12.8 |
SouthState Corp. | (78,900 ) | (7,695,117 ) | 120.4 |
STAG Industrial, Inc. | (51,851 ) | (1,933,005 ) | 30.3 |
Summit Materials, Inc., Class A | (148,230 ) | (7,027,584 ) | 110.0 |
Super Micro Computer, Inc. | (432,344 ) | (12,585,534 ) | 197.0 |
Symbotic, Inc., Class A | (87,821 ) | (2,440,546 ) | 38.2 |
Teledyne Technologies, Inc. | (13,085 ) | (5,957,862 ) | 93.2 |
TKO Group Holdings, Inc., Class A | (32,709 ) | (3,819,430 ) | 59.8 |
Toast, Inc., Class A | (196,419 ) | (5,898,463 ) | 92.3 |
Trade Desk, Inc., Class A | (210,764 ) | (25,335,940 ) | 396.5 |
Tradeweb Markets, Inc., Class A | (52,232 ) | (6,633,464 ) | 103.8 |
Unity Software, Inc. | (5,341 ) | (107,247 ) | 1.7 |
Valaris Ltd. | (151,506 ) | (7,666,204 ) | 120.0 |
VICI Properties, Inc. | (16,443 ) | (522,230 ) | 8.2 |
Walgreens Boots Alliance, Inc. | (2,424,632 ) | (22,937,019 ) | 358.9 |
Welltower, Inc. | (216,927 ) | (29,259,114 ) | 457.9 |
Western Alliance Bancorp | (223,716 ) | (18,615,408 ) | 291.3 |
Wyndham Hotels & Resorts, Inc. | (4,896 ) | (432,415 ) | 6.8 |
(887,476,260 ) | |||
Preferred Stocks | |||
Germany | |||
Dr Ing hc F Porsche AG | (1,089 ) | (76,623 ) | 1.2 |
Porsche Automobil Holding SE | (28,716 ) | (1,192,956 ) | 18.7 |
Total Reference Entity — Short | (1,511,318,225 ) | ||
Net Value of Reference Entity — Barclays Bank PLC | $(6,390,181 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
Collins Foods Ltd. | 112,746 | $615,545 | 11.7 % |
Domino’s Pizza Enterprises Ltd. | 43,709 | 956,595 | 18.2 |
EBOS Group Ltd. | 95,222 | 2,077,368 | 39.5 |
GrainCorp Ltd., Class A | 69,088 | 408,240 | 7.8 |
Incitec Pivot Ltd. | 314,284 | 619,994 | 11.8 |
Security | Shares | Value | % of Basket Value |
Australia (continued) | |||
IRESS Ltd. | 225,023 | $1,463,299 | 27.8 % |
SmartGroup Corp. Ltd. | 441,165 | 2,238,296 | 42.6 |
8,379,337 | |||
Austria | |||
IMMOFINANZ AG | 138,268 | 2,246,991 | 42.8 |
Kontron AG | 10,116 | 170,349 | 3.2 |
2,417,340 | |||
Belgium | |||
Aedifica SA | 35,695 | 2,304,388 | 43.9 |
Liberty Global Ltd., Class A | 176,525 | 3,496,960 | 66.5 |
5,801,348 | |||
Canada | |||
ADENTRA, Inc. | 25,192 | 694,596 | 13.2 |
Birchcliff Energy Ltd. | 1,848,330 | 6,889,670 | 131.1 |
International Petroleum Corp. | 16,741 | 189,737 | 3.6 |
Torex Gold Resources, Inc. | 84,416 | 1,820,672 | 34.6 |
9,594,675 | |||
France | |||
Clariane SE | 23,826 | 53,914 | 1.0 |
Coface SA | 220,894 | 3,562,179 | 67.8 |
Elior Group SA | 82,583 | 378,154 | 7.2 |
Forvia SE | 48,973 | 467,194 | 8.9 |
ICADE | 5,969 | 156,125 | 3.0 |
Opmobility | 138,116 | 1,357,589 | 25.8 |
SPIE SA | 245,210 | 8,875,017 | 168.8 |
14,850,172 | |||
Germany | |||
CANCOM SE | 55,331 | 1,477,528 | 28.1 |
CECONOMY AG | 13,740 | 44,224 | 0.8 |
Deutz AG | 53,856 | 239,487 | 4.6 |
Duerr AG | 2,200 | 50,983 | 1.0 |
Hapag-Lloyd AG | 11,080 | 1,943,097 | 37.0 |
Nagarro SE | 1,166 | 113,908 | 2.2 |
ProSiebenSat.1 Media SE | 207,886 | 1,279,639 | 24.3 |
Stroeer SE & Co KGaA | 45,028 | 2,671,785 | 50.8 |
7,820,651 | |||
Iraq | |||
Gulf Keystone Petroleum Ltd. | 1,242,879 | 2,072,202 | 39.4 |
Ireland | |||
Cimpress PLC | 48,991 | 3,380,869 | 64.3 |
Israel | |||
Sapiens International Corp NV | 7,206 | 265,757 | 5.1 |
Italy | |||
ACEA SpA | 9,098 | 172,395 | 3.3 |
Fincantieri SpA | 296,794 | 1,655,543 | 31.5 |
MFE-MediaForEurope NV, Class A | 593,956 | 1,943,387 | 36.9 |
3,771,325 | |||
Japan | |||
ADEKA Corp. | 20,800 | 375,245 | 7.1 |
Aica Kogyo Co., Ltd. | 140,700 | 3,044,699 | 57.9 |
Air Water, Inc. | 51,400 | 646,563 | 12.3 |
Azbil Corp. | 721,800 | 5,612,686 | 106.8 |
Canon Electronics, Inc. | 9,500 | 149,980 | 2.8 |
Canon Marketing Japan, Inc. | 72,800 | 2,186,842 | 41.6 |
DyDo Group Holdings, Inc. | 64,100 | 1,285,488 | 24.5 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
EXEO Group, Inc. | 64,100 | $656,049 | 12.5 % |
Fuji Kyuko Co. Ltd. | 12,700 | 213,075 | 4.1 |
Fujitsu General Ltd. | 301,700 | 3,762,424 | 71.6 |
Furuno Electric Co. Ltd. | 7,900 | 127,375 | 2.4 |
Hakuhodo DY Holdings, Inc. | 602,700 | 4,776,345 | 90.9 |
HIS Co. Ltd. | 95,800 | 1,097,887 | 20.9 |
Iida Group Holdings Co. Ltd. | 154,400 | 2,238,340 | 42.6 |
INFRONEER Holdings, Inc. | 626,600 | 4,710,330 | 89.6 |
Iyogin Holdings, Inc. | 391,600 | 3,717,460 | 70.7 |
Japan Aviation Electronics Industry Ltd. | 167,600 | 3,109,109 | 59.1 |
Japan Prime Realty Investment Corp. | 889 | 1,953,164 | 37.2 |
Joyful Honda Co. Ltd. | 26,600 | 359,905 | 6.8 |
Kewpie Corp. | 272,100 | 6,434,703 | 122.4 |
Kyokuto Kaihatsu Kogyo Co. Ltd. | 3,500 | 55,528 | 1.1 |
Nagoya Railroad Co. Ltd. | 327,000 | 3,624,241 | 68.9 |
Nichicon Corp. | 246,700 | 1,611,462 | 30.7 |
Rinnai Corp. | 206,700 | 4,528,166 | 86.1 |
San-A Co. Ltd. | 52,600 | 985,282 | 18.7 |
Ship Healthcare Holdings, Inc. | 182,900 | 2,781,230 | 52.9 |
Sumitomo Heavy Industries Ltd. | 28,500 | 635,064 | 12.1 |
Sumitomo Rubber Industries Ltd. | 780,600 | 8,000,090 | 152.2 |
Takasago Thermal Engineering Co. Ltd. | 88,700 | 2,844,542 | 54.1 |
Takeuchi Manufacturing Co. Ltd. | 25,600 | 797,788 | 15.2 |
Teijin Ltd. | 55,500 | 496,962 | 9.5 |
Token Corp. | 9,200 | 645,185 | 12.3 |
Tokuyama Corp. | 86,800 | 1,519,690 | 28.9 |
Tsumura & Co. | 191,600 | 6,262,306 | 119.1 |
Tsuruha Holdings, Inc. | 12,100 | 676,822 | 12.9 |
UACJ Corp. | 131,300 | 4,321,706 | 82.2 |
United Urban Investment Corp. | 2,279 | 2,043,785 | 38.9 |
Zeon Corp. | 585,400 | 5,450,393 | 103.7 |
93,737,911 | |||
Luxembourg | |||
APERAM SA | 61,572 | 1,675,859 | 31.9 |
Malaysia | |||
Frencken Group Ltd. | 994,300 | 864,168 | 16.4 |
Monaco | |||
Scorpio Tankers Inc. | 73,894 | 4,305,803 | 81.9 |
Netherlands | |||
PostNL NV | 195,014 | 233,976 | 4.4 |
SBM Offshore NV | 130,872 | 2,395,577 | 45.6 |
2,629,553 | |||
Portugal | |||
NOS SGPS SA | 410,364 | 1,571,234 | 29.9 |
Singapore | |||
iFAST Corp. Ltd | 38,100 | 215,557 | 4.1 |
UOL Group Ltd. | 463,600 | 1,873,267 | 35.6 |
2,088,824 | |||
Spain | |||
Indra Sistemas SA | 114,575 | 2,019,897 | 38.4 |
Mapfre SA | 398,552 | 1,139,305 | 21.7 |
Naturgy Energy Group SA | 88,948 | 2,214,699 | 42.2 |
Unicaja Banco SA | 4,345,326 | 5,462,512 | 103.9 |
10,836,413 | |||
Sweden | |||
AAK AB | 37,400 | 1,073,631 | 20.4 |
Ambea AB | 198,604 | 1,701,965 | 32.4 |
Security | Shares | Value | % of Basket Value |
Sweden (continued) | |||
Billerud Aktiebolag | 138,947 | $1,233,725 | 23.5 % |
Camurus AB | 6,054 | 340,442 | 6.5 |
Clas Ohlson AB, Class B | 75,319 | 1,247,481 | 23.7 |
Loomis Ab, Class B | 99,109 | 3,104,999 | 59.1 |
NCC AB, Class B | 141,333 | 2,103,700 | 40.0 |
VBG Group AB, Class B | 5,409 | 156,758 | 3.0 |
10,962,701 | |||
Switzerland | |||
Komax Holding AG, Registered Shares | 6,405 | 814,291 | 15.5 |
United Kingdom | |||
AJ Bell PLC | 746,741 | 4,280,027 | 81.4 |
Babcock International Group PLC | 1,244,225 | 7,572,612 | 144.1 |
Computacenter PLC | 32,161 | 904,930 | 17.2 |
Dowlais Group PLC | 4,686,823 | 2,966,688 | 56.4 |
Greggs PLC | 259,409 | 9,197,161 | 175.0 |
Hammerson PLC | 1,125,418 | 4,170,666 | 79.3 |
JET2 PLC | 481,804 | 8,954,557 | 170.4 |
Johnson Service Group PLC | 692,804 | 1,334,645 | 25.4 |
Lancashire Holdings Ltd. | 194,500 | 1,582,537 | 30.1 |
Renew Holdings PLC | 114,127 | 1,609,943 | 30.6 |
Serica Energy PLC | 1,303,199 | 2,400,425 | 45.7 |
Softcat PLC | 27,312 | 596,936 | 11.4 |
Telecom Plus PLC | 21,578 | 467,439 | 8.9 |
Volution Group PLC | 140,219 | 1,046,283 | 19.9 |
47,084,849 | |||
United States | |||
10X Genomics, Inc., Class A | 546,917 | 8,767,080 | 166.8 |
1-800-Flowers.com, Inc., Class A | 30,619 | 254,750 | 4.9 |
Accel Entertainment, Inc., Class A | 92,046 | 1,016,188 | 19.3 |
Agilysys, Inc. | 9,587 | 959,083 | 18.3 |
Alkami Technology, Inc. | 15,842 | 579,976 | 11.0 |
Amalgamated Financial Corp. | 66,940 | 2,220,065 | 42.2 |
Ambac Financial Group, Inc. | 300,347 | 3,396,925 | 64.6 |
Ambarella, Inc. | 116,008 | 6,518,490 | 124.0 |
AMN Healthcare Services, Inc. | 62,338 | 2,365,104 | 45.0 |
Anywhere Real Estate, Inc. | 80,968 | 312,536 | 5.9 |
Apogee Enterprises, Inc. | 19,476 | 1,457,584 | 27.7 |
Argan, Inc. | 43,117 | 5,693,169 | 108.3 |
Avanos Medical, Inc. | 101,114 | 1,888,810 | 35.9 |
Avient Corp. | 55,245 | 2,574,969 | 49.0 |
Azenta, Inc. | 61,872 | 2,542,320 | 48.4 |
BancFirst Corp. | 16,504 | 1,794,150 | 34.1 |
Bandwidth, Inc., Class A | 156,055 | 3,043,073 | 57.9 |
Beazer Homes USA, Inc. | 127,541 | 3,923,161 | 74.6 |
Black Hills Corp. | 296,421 | 17,545,159 | 333.8 |
Blue Bird Corp. | 63,937 | 2,692,387 | 51.2 |
BlueLinx Holdings, Inc. | 36,404 | 3,984,782 | 75.8 |
Bristow Group, Inc. | 4,783 | 158,652 | 3.0 |
Cable One, Inc. | 9,694 | 3,311,083 | 63.0 |
Centerspace | 67,419 | 4,696,408 | 89.4 |
Century Communities, Inc. | 51,015 | 4,522,990 | 86.1 |
Chatham Lodging Trust | 134,289 | 1,060,883 | 20.2 |
Construction Partners, Inc., Class A | 31,096 | 2,448,188 | 46.6 |
Corcept Therapeutics, Inc. | 154,981 | 7,589,420 | 144.4 |
Coursera, Inc. | 806,729 | 5,606,767 | 106.7 |
CSG Systems International, Inc. | 49,731 | 2,317,962 | 44.1 |
Delek U.S. Holdings, Inc. | 494,241 | 7,744,756 | 147.3 |
Deluxe Corp. | 80,854 | 1,516,821 | 28.9 |
Diebold Nixdorf, Inc. | 89,134 | 4,125,122 | 78.5 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Dime Community Bancshares, Inc. | 1,009 | $30,341 | 0.6 % |
Diversified Energy Co PLC | 4,959 | 59,871 | 1.1 |
DNOW, Inc. | 143,593 | 1,698,705 | 32.3 |
Donnelley Financial Solutions, Inc. | 29,912 | 1,745,066 | 33.2 |
Ducommun, Inc. | 14,414 | 847,399 | 16.1 |
EnerSys | 37,283 | 3,611,231 | 68.7 |
Ennis, Inc. | 69,734 | 1,419,784 | 27.0 |
Enovis Corp. | 318,321 | 13,137,108 | 249.9 |
Evolent Health, Inc., Class A | 36,800 | 859,280 | 16.4 |
Federal Signal Corp. | 17,470 | 1,425,028 | 27.1 |
Five9, Inc. | 263,697 | 7,786,972 | 148.1 |
Flagstar Financial, Inc. | 689,546 | 6,978,206 | 132.8 |
Foot Locker, Inc. | 408,077 | 9,463,306 | 180.0 |
Forestar Group, Inc. | 16,735 | 528,324 | 10.1 |
Franklin Covey Co. | 10,322 | 410,919 | 7.8 |
Frontdoor, Inc. | 82,390 | 4,093,959 | 77.9 |
Fulgent Genetics, Inc. | 127,715 | 2,739,487 | 52.1 |
Genco Shipping & Trading Ltd. | 189,572 | 2,983,863 | 56.8 |
Gentherm, Inc. | 5,015 | 210,379 | 4.0 |
Gibraltar Industries, Inc. | 34,219 | 2,309,440 | 43.9 |
G-III Apparel Group Ltd. | 293,103 | 8,875,159 | 168.8 |
Global Industrial Co. | 4,856 | 128,830 | 2.5 |
Goodyear Tire & Rubber Co. | 286,041 | 2,291,188 | 43.6 |
Gray Television, Inc. | 85,426 | 487,782 | 9.3 |
Griffon Corp. | 75,353 | 4,738,197 | 90.1 |
Grocery Outlet Holding Corp. | 95,135 | 1,360,431 | 25.9 |
Group 1 Automotive, Inc. | 39,353 | 14,337,085 | 272.8 |
Guardant Health, Inc. | 125,386 | 2,743,446 | 52.2 |
Gulfport Energy Corp. | 49,780 | 6,891,543 | 131.1 |
Hancock Whitney Corp. | 142,544 | 7,423,692 | 141.2 |
Health Catalyst, Inc. | 47,882 | 372,043 | 7.1 |
Healthcare Services Group, Inc. | 22,872 | 250,906 | 4.8 |
Heidrick & Struggles International, Inc. | 1,786 | 69,761 | 1.3 |
Huntsman Corp. | 175,535 | 3,861,770 | 73.5 |
Hyster-Yale, Inc., Class A | 7,669 | 486,751 | 9.3 |
ICU Medical, Inc. | 8,413 | 1,436,351 | 27.3 |
Intapp, Inc. | 35,305 | 1,771,252 | 33.7 |
Interface, Inc., Class A | 125,401 | 2,190,755 | 41.7 |
International Seaways, Inc. | 158,249 | 6,890,161 | 131.1 |
Iridium Communications, Inc. | 706,628 | 20,725,399 | 394.3 |
John Bean Technologies Corp. | 513 | 57,158 | 1.1 |
Karat Packaging, Inc. | 34,900 | 931,830 | 17.7 |
Kearny Financial Corp. | 295,793 | 2,067,593 | 39.3 |
Koppers Holdings, Inc. | 11,784 | 400,774 | 7.6 |
Korn Ferry | 150,414 | 10,626,749 | 202.2 |
Landsea Homes Corp. | 149,061 | 1,547,253 | 29.4 |
LifeStance Health Group, Inc. | 982,982 | 6,595,809 | 125.5 |
LiveRamp Holdings, Inc. | 287,267 | 7,190,293 | 136.8 |
M/I Homes, Inc. | 85,025 | 12,888,940 | 245.2 |
ManpowerGroup, Inc. | 199,475 | 12,537,004 | 238.5 |
Marcus Corp. | 365,319 | 6,893,570 | 131.1 |
Matson, Inc. | 41,306 | 6,397,886 | 121.7 |
MaxLinear, Inc. | 183,319 | 2,377,647 | 45.2 |
Methode Electronics, Inc. | 91,421 | 797,191 | 15.2 |
Minerals Technologies, Inc. | 76,409 | 5,752,834 | 109.4 |
N-able, Inc. | 18,087 | 221,204 | 4.2 |
Nabors Industries Ltd. | 12,516 | 931,316 | 17.7 |
National Research Corp., Class A | 19,617 | 355,656 | 6.8 |
NetScout Systems, Inc. | 166,330 | 3,497,920 | 66.5 |
New Fortress Energy, Inc., Class A | 103,521 | 870,612 | 16.6 |
NewMarket Corp. | 9,335 | 4,900,595 | 93.2 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
NMI Holdings, Inc., Class A | 351,532 | $13,597,258 | 258.7 % |
Novocure Ltd. | 275,869 | 4,187,691 | 79.7 |
OceanFirst Financial Corp. | 109,932 | 2,000,762 | 38.1 |
Olympic Steel, Inc. | 16,728 | 600,201 | 11.4 |
Omnicell, Inc. | 220,152 | 10,708,193 | 203.7 |
Orthofix Medical, Inc. | 57,552 | 931,767 | 17.7 |
Palomar Holdings, Inc. | 26,184 | 2,350,538 | 44.7 |
Par Pacific Holdings, Inc. | 242,244 | 3,742,670 | 71.2 |
PC Connection, Inc. | 6,449 | 410,479 | 7.8 |
Penn Entertainment, Inc. | 169,982 | 3,357,144 | 63.9 |
Perella Weinberg Partners, Class A | 40,499 | 819,295 | 15.6 |
Phibro Animal Health Corp., Class A | 102,154 | 2,361,800 | 44.9 |
Plymouth Industrial REIT, Inc. | 38,835 | 789,127 | 15.0 |
Powell Industries, Inc. | 7,404 | 1,887,872 | 35.9 |
Power Integrations, Inc. | 113,545 | 6,861,524 | 130.5 |
PRA Group, Inc. | 51,602 | 1,040,296 | 19.8 |
PROG Holdings, Inc. | 260,321 | 11,368,218 | 216.3 |
Progress Software Corp. | 90,378 | 5,792,326 | 110.2 |
PROS Holdings, Inc. | 147,686 | 2,924,183 | 55.6 |
Quanterix Corp. | 66,895 | 884,017 | 16.8 |
Remitly Global, Inc. | 1,242,736 | 22,344,393 | 425.1 |
Seaboard Corp. | 1,302 | 3,601,345 | 68.5 |
Semtech Corp. | 38,655 | 1,708,164 | 32.5 |
SkyWest, Inc. | 101,684 | 9,680,317 | 184.2 |
SolarEdge Technologies, Inc. | 76,307 | 1,301,797 | 24.8 |
Sonos, Inc. | 722,698 | 9,055,406 | 172.3 |
Tarsus Pharmaceuticals, Inc. | 1,152 | 51,252 | 1.0 |
Teladoc Health, Inc. | 1,250,104 | 11,250,936 | 214.0 |
Tidewater, Inc. | 68,367 | 4,106,806 | 78.1 |
TriNet Group, Inc. | 62,855 | 5,335,761 | 101.5 |
TTM Technologies, Inc. | 270,883 | 6,078,615 | 115.6 |
Under Armour, Inc., Class A | 423,488 | 3,620,822 | 68.9 |
United Fire Group, Inc. | 7,196 | 141,329 | 2.7 |
Universal Technical Institute, Inc. | 120,051 | 1,997,649 | 38.0 |
Upbound Group, Inc. | 229,170 | 6,700,931 | 127.5 |
Upwork, Inc. | 284,592 | 3,859,068 | 73.4 |
Utz Brands, Inc., Class A | 29,463 | 507,353 | 9.7 |
Veradigm, Inc. | 53,524 | 503,126 | 9.6 |
Viad Corp. | 13,662 | 511,505 | 9.7 |
Vital Farms, Inc. | 14,184 | 491,901 | 9.4 |
WD-40 Co. | 16,353 | 4,285,631 | 81.5 |
Weave Communications, Inc. | 144,152 | 2,021,011 | 38.5 |
WesBanco, Inc. | 140,218 | 4,409,856 | 83.9 |
World Kinect Corp. | 144,232 | 3,771,667 | 71.8 |
YETI Holdings, Inc. | 179,959 | 6,336,356 | 120.5 |
Yext, Inc. | 10,310 | 74,644 | 1.4 |
ZipRecruiter, Inc., Class A | 153,924 | 1,426,875 | 27.1 |
Zumiez, Inc. | 5,055 | 104,133 | 2.0 |
548,033,827 | |||
Total Reference Entity — Long | 782,959,109 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Amotiv Ltd. | (43,217 ) | (300,798 ) | (5.7 ) |
Atlas Arteria Ltd. | (434,770 ) | (1,391,796 ) | (26.5 ) |
Bank of Queensland Ltd. | (825,008 ) | (3,528,814 ) | (67.1 ) |
Bapcor Ltd. | (98,219 ) | (294,295 ) | (5.6 ) |
Bellevue Gold Ltd. | (3,075,277 ) | (3,263,429 ) | (62.1 ) |
Boss Energy Ltd. | (1,205,677 ) | (2,681,242 ) | (51.0 ) |
Security | Shares | Value | % of Basket Value |
Australia (continued) | |||
Capricorn Metals Ltd. | (454,936 ) | $(1,829,342 ) | (34.8 )% |
Champion Iron Ltd. | (217,659 ) | (835,390 ) | (15.9 ) |
Charter Hall Long Wale REIT | (1,102,155 ) | (2,807,623 ) | (53.4 ) |
Coronado Global Resources, Inc., CDI | (169,106 ) | (112,649 ) | (2.1 ) |
De Grey Mining Ltd. | (1,708,365 ) | (1,700,633 ) | (32.4 ) |
Deep Yellow Ltd. | (1,449,195 ) | (1,285,649 ) | (24.5 ) |
Deterra Royalties Ltd. | (552,366 ) | (1,336,343 ) | (25.4 ) |
Elders Ltd. | (371,924 ) | (2,074,612 ) | (39.5 ) |
HMC Capital Ltd. | (96,283 ) | (639,394 ) | (12.2 ) |
Imdex Ltd. | (386,897 ) | (657,272 ) | (12.5 ) |
Kelsian Group Ltd. | (329,240 ) | (842,935 ) | (16.0 ) |
Lifestyle Communities Ltd. | (195,353 ) | (1,101,155 ) | (21.0 ) |
Neuren Pharmaceuticals Ltd. | (92,917 ) | (747,834 ) | (14.2 ) |
Nick Scali Ltd. | (12,489 ) | (114,832 ) | (2.2 ) |
Orora Ltd. | (2,115,432 ) | (3,343,551 ) | (63.6 ) |
Perpetual Ltd. | (265,073 ) | (3,517,342 ) | (66.9 ) |
PEXA Group Ltd. | (109,382 ) | (971,752 ) | (18.5 ) |
Sigma Healthcare Ltd. | (2,247,497 ) | (2,885,468 ) | (54.9 ) |
Strike Energy Ltd. | (72,186 ) | (10,092 ) | (0.2 ) |
Westgold Resources Ltd. | (552,772 ) | (1,163,543 ) | (22.1 ) |
Zip Co. Ltd. | (33,589 ) | (65,481 ) | (1.2 ) |
(39,503,266 ) | |||
Brazil | |||
Karoon Energy Ltd. | (1,900,243 ) | (1,732,134 ) | (33.0 ) |
Canada | |||
Andlauer Healthcare Group, Inc. | (1,737 ) | (51,236 ) | (1.0 ) |
Filo Corp. | (94,031 ) | (2,166,492 ) | (41.2 ) |
First National Financial Corp. | (5,110 ) | (149,004 ) | (2.8 ) |
(2,366,732 ) | |||
China | |||
indie Semiconductor, Inc., Class A | (1,615,080 ) | (5,345,915 ) | (101.7 ) |
Denmark | |||
Better Collective A/S | (2,856 ) | (37,474 ) | (0.7 ) |
Chemometec A/S | (2,376 ) | (139,502 ) | (2.7 ) |
Dfds A/S | (8,895 ) | (203,429 ) | (3.9 ) |
FLSmidth & Co A/S, Class B | (21,219 ) | (1,110,835 ) | (21.1 ) |
ISS A/S | (292,692 ) | (5,657,043 ) | (107.6 ) |
Ringkjoebing Landbobank A/S | (1,065 ) | (176,146 ) | (3.3 ) |
Royal Unibrew A/S | (9,456 ) | (711,393 ) | (13.5 ) |
Scandinavian Tobacco Group A/S | (25,751 ) | (386,767 ) | (7.4 ) |
(8,422,589 ) | |||
Finland | |||
Nokian Renkaat Oyj | (53,023 ) | (440,082 ) | (8.4 ) |
TietoEVRY Oyj | (136,461 ) | (2,538,246 ) | (48.3 ) |
(2,978,328 ) | |||
France | |||
Alten SA | (663 ) | (56,083 ) | (1.1 ) |
Christian Dior SE | (4,485 ) | (2,788,784 ) | (53.0 ) |
IPSOS SA | (14,000 ) | (687,482 ) | (13.1 ) |
SCOR SE | (71,079 ) | (1,529,254 ) | (29.1 ) |
Verallia SA | (6,625 ) | (191,058 ) | (3.6 ) |
(5,252,661 ) | |||
Germany | |||
Eckert & Ziegler SE | (6,434 ) | (276,049 ) | (5.3 ) |
Jenoptik AG | (1,864 ) | (43,730 ) | (0.8 ) |
Schott Pharma AG & Co. KGaA | (3,082 ) | (99,635 ) | (1.9 ) |
Security | Shares | Value | % of Basket Value |
Germany (continued) | |||
Sixt SE | (3,812 ) | $(301,940 ) | (5.7 )% |
Stabilus SE | (2,045 ) | (80,960 ) | (1.5 ) |
Wacker Chemie AG | (2,716 ) | (228,451 ) | (4.4 ) |
(1,030,765 ) | |||
Ghana | |||
Tullow Oil PLC | (9,112 ) | (2,789 ) | (0.1 ) |
Indonesia | |||
Nickel Industries Ltd. | (5,295,101 ) | (3,128,290 ) | (59.5 ) |
Israel | |||
Enlight Renewable Energy Ltd. | (86,374 ) | (1,371,297 ) | (26.1 ) |
OPC Energy Ltd. | (44,178 ) | (357,739 ) | (6.8 ) |
(1,729,036 ) | |||
Italy | |||
Ermenegildo Zegna NV | (287,370 ) | (2,184,012 ) | (41.6 ) |
Eurogroup Laminations SpA | (7,074 ) | (26,398 ) | (0.5 ) |
Stevanato Group SpA | (313,134 ) | (5,952,677 ) | (113.2 ) |
(8,163,087 ) | |||
Japan | |||
Advance Logistics Investment Corp. | (344 ) | (268,408 ) | (5.1 ) |
Advance Residence Investment Corp. | (36 ) | (72,343 ) | (1.4 ) |
Aichi Steel Corp. | (2,300 ) | (64,838 ) | (1.2 ) |
Aiful Corp. | (115,400 ) | (242,497 ) | (4.6 ) |
Ain Holdings, Inc. | (34,600 ) | (1,142,659 ) | (21.7 ) |
Amvis Holdings, Inc. | (270,200 ) | (3,507,554 ) | (66.7 ) |
Anicom Holdings, Inc. | (118,800 ) | (522,328 ) | (9.9 ) |
Anycolor, Inc. | (94,800 ) | (1,338,712 ) | (25.5 ) |
Aozora Bank Ltd. | (11,600 ) | (199,986 ) | (3.8 ) |
Appier Group, Inc. | (308,400 ) | (3,307,238 ) | (62.9 ) |
Arclands Corp. | (114,900 ) | (1,255,369 ) | (23.9 ) |
Ariake Japan Co. Ltd. | (27,900 ) | (974,072 ) | (18.5 ) |
As One Corp. | (33,200 ) | (620,869 ) | (11.8 ) |
Asahi Yukizai Corp. | (64,800 ) | (1,728,793 ) | (32.9 ) |
Bank of Nagoya Ltd. | (7,900 ) | (309,330 ) | (5.9 ) |
Base Co. Ltd. | (4,500 ) | (86,818 ) | (1.6 ) |
Chiyoda Corp. | (702,600 ) | (1,349,807 ) | (25.7 ) |
Chugoku Marine Paints Ltd. | (11,800 ) | (168,548 ) | (3.2 ) |
Colowide Co Ltd. | (32,700 ) | (362,152 ) | (6.9 ) |
CRE Logistics REIT, Inc. | (102 ) | (93,307 ) | (1.8 ) |
Daiei Kankyo Co. Ltd. | (33,800 ) | (697,157 ) | (13.3 ) |
Daio Paper Corp. | (290,400 ) | (1,646,540 ) | (31.3 ) |
Daishi Hokuetsu Financial Group, Inc. | (29,200 ) | (463,591 ) | (8.8 ) |
Daiwabo Holdings Co. Ltd. | (17,300 ) | (311,423 ) | (5.9 ) |
dip Corp. | (26,800 ) | (471,090 ) | (9.0 ) |
Electric Power Development Co. Ltd. | (5,400 ) | (90,242 ) | (1.7 ) |
Enplas Corp. | (5,000 ) | (221,885 ) | (4.2 ) |
Ezaki Glico Co. Ltd. | (121,300 ) | (3,573,774 ) | (68.0 ) |
Ferrotec Holdings Corp. | (211,900 ) | (3,540,822 ) | (67.4 ) |
First Bank of Toyama Ltd. | (155,400 ) | (1,125,349 ) | (21.4 ) |
FP Corp. | (154,400 ) | (2,704,969 ) | (51.5 ) |
Freee KK | (45,900 ) | (856,559 ) | (16.3 ) |
Fuji Oil Holdings, Inc. | (75,400 ) | (1,623,072 ) | (30.9 ) |
Fujita Kanko, Inc. | (900 ) | (54,895 ) | (1.0 ) |
Fukuyama Transporting Co. Ltd. | (10,800 ) | (274,662 ) | (5.2 ) |
Furuya Metal Co. Ltd. | (102,600 ) | (2,663,901 ) | (50.7 ) |
Future Corp. | (103,700 ) | (1,327,804 ) | (25.3 ) |
Godo Steel, Ltd. | (32,800 ) | (835,622 ) | (15.9 ) |
Goldwin, Inc. | (13,100 ) | (679,439 ) | (12.9 ) |
GS Yuasa Corp. | (7,000 ) | (123,843 ) | (2.4 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
GungHo Online Entertainment, Inc. | (260,800 ) | $(5,809,138 ) | (110.5 )% |
Harmonic Drive Systems, Inc. | (6,500 ) | (118,122 ) | (2.2 ) |
Hino Motors Ltd. | (1,710,500 ) | (4,199,431 ) | (79.9 ) |
Hioki EE Corp. | (9,200 ) | (494,059 ) | (9.4 ) |
Hirata Corp. | (14,400 ) | (459,217 ) | (8.7 ) |
Hokuhoku Financial Group, Inc. | (55,500 ) | (580,057 ) | (11.0 ) |
Hoshino Resorts REIT, Inc. | (360 ) | (546,484 ) | (10.4 ) |
House Foods Group, Inc. | (122,400 ) | (2,385,870 ) | (45.4 ) |
Idec Corp./Japan | (11,300 ) | (182,158 ) | (3.5 ) |
IDOM, Inc. | (82,800 ) | (572,732 ) | (10.9 ) |
Iino Kaiun Kaisha Ltd. | (186,200 ) | (1,366,069 ) | (26.0 ) |
Insource Co. Ltd. | (10,500 ) | (65,801 ) | (1.2 ) |
Internet Initiative Japan, Inc. | (181,200 ) | (3,479,213 ) | (66.2 ) |
Invincible Investment Corp. | (2,602 ) | (1,059,843 ) | (20.2 ) |
Iwatani Corp. | (327,700 ) | (4,271,899 ) | (81.3 ) |
Izumi Co. Ltd. | (36,000 ) | (759,745 ) | (14.5 ) |
Japan Airport Terminal Co. Ltd. | (22,800 ) | (835,213 ) | (15.9 ) |
Japan Elevator Service Holdings Co. Ltd. | (156,500 ) | (2,996,567 ) | (57.0 ) |
Japan Investment Adviser Co. Ltd. | (6,900 ) | (46,159 ) | (0.9 ) |
JMDC, Inc. | (229,600 ) | (6,398,372 ) | (121.7 ) |
Juroku Financial Group, Inc. | (4,000 ) | (106,745 ) | (2.0 ) |
Justsystems Corp. | (85,800 ) | (1,918,440 ) | (36.5 ) |
JVCKenwood Corp. | (13,500 ) | (106,174 ) | (2.0 ) |
Kadokawa Corp. | (2,800 ) | (60,948 ) | (1.2 ) |
Kamigumi Co. Ltd. | (58,200 ) | (1,214,727 ) | (23.1 ) |
Kanto Denka Kogyo Co. Ltd. | (11,300 ) | (71,858 ) | (1.4 ) |
Katitas Co. Ltd. | (104,100 ) | (1,319,888 ) | (25.1 ) |
KeePer Technical Laboratory Co. Ltd. | (65,200 ) | (1,790,705 ) | (34.1 ) |
Keihan Holdings Co. Ltd. | (16,100 ) | (300,542 ) | (5.7 ) |
Keikyu Corp. | (87,200 ) | (682,748 ) | (13.0 ) |
KH Neochem Co. Ltd. | (108,700 ) | (1,465,705 ) | (27.9 ) |
Kiyo Bank Ltd. | (42,900 ) | (502,451 ) | (9.6 ) |
Koei Tecmo Holdings Co. Ltd. | (274,000 ) | (2,867,487 ) | (54.5 ) |
Kohnan Shoji Co. Ltd. | (27,900 ) | (661,574 ) | (12.6 ) |
KOMEDA Holdings Co. Ltd. | (12,800 ) | (242,235 ) | (4.6 ) |
Komeri Co. Ltd. | (34,200 ) | (739,239 ) | (14.1 ) |
Kosaido Holdings Co. Ltd. | (132,600 ) | (462,206 ) | (8.8 ) |
Kotobuki Spirits Co. Ltd. | (619,700 ) | (8,367,630 ) | (159.2 ) |
Krosaki Harima Corp. | (28,800 ) | (461,428 ) | (8.8 ) |
Kumiai Chemical Industry Co. Ltd. | (41,400 ) | (220,371 ) | (4.2 ) |
Kusuri no Aoki Holdings Co. Ltd. | (18,600 ) | (387,116 ) | (7.4 ) |
KYB Corp. | (54,400 ) | (1,708,994 ) | (32.5 ) |
Leopalace21 Corp. | (1,034,200 ) | (3,734,399 ) | (71.0 ) |
Lifedrink Co, Inc. | (33,600 ) | (388,011 ) | (7.4 ) |
M&A Research Institute Holdings, Inc. | (39,200 ) | (567,445 ) | (10.8 ) |
Mani, Inc. | (195,400 ) | (2,331,318 ) | (44.3 ) |
Mars Group Holdings Corp. | (36,000 ) | (740,815 ) | (14.1 ) |
Matsui Securities Co. Ltd. | (485,800 ) | (2,617,265 ) | (49.8 ) |
Medley, Inc. | (246,400 ) | (6,012,067 ) | (114.4 ) |
Meiko Electronics Co. Ltd. | (4,200 ) | (164,153 ) | (3.1 ) |
Mitsubishi Logistics Corp. | (59,500 ) | (398,878 ) | (7.6 ) |
Mitsui E&S Co. Ltd. | (217,800 ) | (1,575,613 ) | (30.0 ) |
Mitsui Fudosan Logistics Park, Inc. | (3,696 ) | (2,460,818 ) | (46.8 ) |
Mitsui High-Tec, Inc. | (170,300 ) | (906,250 ) | (17.2 ) |
Mitsui-Soko Holdings Co. Ltd. | (50,200 ) | (2,331,401 ) | (44.4 ) |
Money Forward, Inc. | (198,500 ) | (6,476,177 ) | (123.2 ) |
Mori Hills REIT Investment Corp. | (1,948 ) | (1,621,390 ) | (30.8 ) |
Mori Trust Reit, Inc. | (1,618 ) | (653,636 ) | (12.4 ) |
Morinaga Milk Industry Co. Ltd. | (34,200 ) | (795,310 ) | (15.1 ) |
MOS Food Services, Inc. | (2,600 ) | (61,419 ) | (1.2 ) |
Musashi Seimitsu Industry Co. Ltd. | (6,600 ) | (85,613 ) | (1.6 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Nakayama Steel Works Ltd. | (129,500 ) | $(638,440 ) | (12.1 )% |
Namura Shipbuilding Co. Ltd. | (119,000 ) | (1,226,475 ) | (23.3 ) |
Nankai Electric Railway Co. Ltd. | (126,500 ) | (1,988,224 ) | (37.8 ) |
NHK Spring Co. Ltd. | (11,400 ) | (139,534 ) | (2.7 ) |
Nichias Corp. | (22,600 ) | (809,381 ) | (15.4 ) |
Nihon Kohden Corp. | (370,700 ) | (5,525,769 ) | (105.1 ) |
Nihon M&A Center Holdings, Inc. | (2,235,900 ) | (9,678,871 ) | (184.1 ) |
Nikkon Holdings Co. Ltd. | (128,000 ) | (1,638,711 ) | (31.2 ) |
Nippon Accommodations Fund, Inc. | (749 ) | (2,999,398 ) | (57.1 ) |
Nippon Carbon Co. Ltd. | (8,100 ) | (237,488 ) | (4.5 ) |
Nippon Parking Development Co. Ltd., Class C | (391,600 ) | (577,838 ) | (11.0 ) |
Nippon Yakin Kogyo Co. Ltd. | (118,300 ) | (3,253,937 ) | (61.9 ) |
Nishimatsuya Chain Co. Ltd. | (113,400 ) | (1,674,252 ) | (31.8 ) |
Nishi-Nippon Railroad Co. Ltd. | (135,100 ) | (1,950,703 ) | (37.1 ) |
Nitto Kogyo Corp. | (32,400 ) | (625,798 ) | (11.9 ) |
Noevir Holdings Co. Ltd. | (23,400 ) | (787,303 ) | (15.0 ) |
Nojima Corp. | (66,000 ) | (925,639 ) | (17.6 ) |
NPR-RIKEN Corp. | (38,600 ) | (592,634 ) | (11.3 ) |
NSD Co. Ltd. | (90,800 ) | (1,961,098 ) | (37.3 ) |
NTT UD REIT Investment Corp. | (2,819 ) | (2,021,229 ) | (38.4 ) |
Ohsho Food Service Corp. | (70,400 ) | (1,382,887 ) | (26.3 ) |
Okinawa Electric Power Co., Inc. | (174,800 ) | (1,188,791 ) | (22.6 ) |
OKUMA Corp. | (42,300 ) | (855,137 ) | (16.3 ) |
Orient Corp. | (239,500 ) | (1,423,116 ) | (27.1 ) |
Osaka Soda Co. Ltd. | (395,000 ) | (4,148,784 ) | (78.9 ) |
Osaka Steel Co. Ltd. | (37,000 ) | (794,084 ) | (15.1 ) |
OSG Corp. | (253,600 ) | (2,993,245 ) | (56.9 ) |
Park24 Co. Ltd. | (88,300 ) | (1,097,466 ) | (20.9 ) |
Pillar Corp. /Japan | (7,800 ) | (218,386 ) | (4.2 ) |
Piolax, Inc. | (35,400 ) | (561,035 ) | (10.7 ) |
PKSHA Technology, Inc. | (38,400 ) | (883,220 ) | (16.8 ) |
Plus Alpha Consulting Co. Ltd. | (4,100 ) | (57,311 ) | (1.1 ) |
Raysum Co. Ltd. | (8,500 ) | (326,103 ) | (6.2 ) |
Relo Group, Inc. | (52,300 ) | (636,197 ) | (12.1 ) |
Rengo Co. Ltd. | (143,500 ) | (869,172 ) | (16.5 ) |
RENOVA, Inc. | (537,300 ) | (3,044,628 ) | (57.9 ) |
Riken Keiki Co. Ltd. | (41,100 ) | (1,164,438 ) | (22.2 ) |
Roland Corp. | (16,900 ) | (432,312 ) | (8.2 ) |
Round One Corp. | (412,900 ) | (2,613,241 ) | (49.7 ) |
Ryobi Ltd. | (27,600 ) | (340,998 ) | (6.5 ) |
Ryoyo Ryosan Holdings, Inc. | (217,912 ) | (3,644,786 ) | (69.3 ) |
Sanken Electric Co Ltd. | (39,000 ) | (1,533,139 ) | (29.2 ) |
Sansan, Inc. | (230,700 ) | (3,355,874 ) | (63.8 ) |
Sanyo Denki Co. Ltd. | (37,000 ) | (2,148,135 ) | (40.9 ) |
Sawai Group Holdings Co. Ltd. | (25,300 ) | (338,909 ) | (6.4 ) |
SBS Holdings, Inc. | (53,100 ) | (872,324 ) | (16.6 ) |
Senshu Ikeda Holdings, Inc. | (512,100 ) | (1,135,430 ) | (21.6 ) |
Septeni Holdings Co. Ltd. | (21,100 ) | (61,705 ) | (1.2 ) |
Seven Bank Ltd. | (805,100 ) | (1,699,224 ) | (32.3 ) |
SHIFT, Inc. | (18,700 ) | (1,879,289 ) | (35.7 ) |
Shochiku Co. Ltd. | (16,000 ) | (1,157,049 ) | (22.0 ) |
Shoei Co. Ltd. | (234,600 ) | (3,600,143 ) | (68.5 ) |
Sinko Industries Ltd. | (3,600 ) | (102,869 ) | (2.0 ) |
SMS Co. Ltd. | (67,500 ) | (756,707 ) | (14.4 ) |
SOSiLA Logistics REIT, Inc. | (287 ) | (207,036 ) | (3.9 ) |
Sotetsu Holdings, Inc. | (146,000 ) | (2,290,624 ) | (43.6 ) |
Sumitomo Osaka Cement Co. Ltd. | (9,400 ) | (231,628 ) | (4.4 ) |
Sumitomo Pharma Co. Ltd. | (1,318,100 ) | (4,521,585 ) | (86.0 ) |
Takara Holdings, Inc. | (483,300 ) | (3,798,918 ) | (72.3 ) |
TBS Holdings, Inc. | (5,400 ) | (132,887 ) | (2.5 ) |
TechnoPro Holdings, Inc. | (90,300 ) | (1,611,708 ) | (30.7 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
THK Co. Ltd. | (141,300 ) | $(2,332,784 ) | (44.4 )% |
Toei Co. Ltd. | (5,700 ) | (182,558 ) | (3.5 ) |
Toho Bank Ltd. | (264,400 ) | (453,584 ) | (8.6 ) |
Tokai Carbon Co. Ltd. | (715,800 ) | (4,040,294 ) | (76.9 ) |
Tokyo Electron Device Ltd. | (4,500 ) | (99,589 ) | (1.9 ) |
Tokyo Steel Manufacturing Co. Ltd. | (279,600 ) | (2,779,742 ) | (52.9 ) |
Topre Corp. | (20,600 ) | (237,295 ) | (4.5 ) |
Torishima Pump Manufacturing Co. Ltd. | (59,200 ) | (1,072,692 ) | (20.4 ) |
TRE Holdings Corp. | (26,700 ) | (313,147 ) | (6.0 ) |
TV Asahi Holdings Corp. | (73,000 ) | (950,142 ) | (18.1 ) |
Universal Entertainment Corp. | (97,200 ) | (827,977 ) | (15.7 ) |
Ushio, Inc. | (127,400 ) | (1,753,790 ) | (33.4 ) |
Wacoal Holdings Corp. | (123,700 ) | (3,851,198 ) | (73.3 ) |
West Holdings Corp. | (83,100 ) | (1,236,577 ) | (23.5 ) |
Yamada Holdings Co. Ltd. | (848,900 ) | (2,437,611 ) | (46.4 ) |
Yamae Group Holdings Co. Ltd. | (8,100 ) | (103,488 ) | (2.0 ) |
Yamato Kogyo Co. Ltd. | (102,600 ) | (4,900,649 ) | (93.2 ) |
Yodogawa Steel Works Ltd. | (40,100 ) | (1,417,156 ) | (27.0 ) |
Yoshinoya Holdings Co. Ltd. | (51,600 ) | (1,050,850 ) | (20.0 ) |
Zenkoku Hosho Co. Ltd. | (120,700 ) | (4,361,337 ) | (83.0 ) |
(270,875,307 ) | |||
Malta | |||
Gambling.com Group Ltd. | (57,146 ) | (550,316 ) | (10.5 ) |
Netherlands | |||
Flow Traders Ltd. | (419 ) | (9,589 ) | (0.2 ) |
Fugro NV, Class C | (30,941 ) | (711,446 ) | (13.5 ) |
Koninklijke Vopak NV | (25,821 ) | (1,190,314 ) | (22.7 ) |
OCI NV | (5,373 ) | (65,417 ) | (1.2 ) |
TKH Group NV | (4,704 ) | (191,403 ) | (3.6 ) |
(2,168,169 ) | |||
Norway | |||
FLEX LNG Ltd. | (93,086 ) | (2,280,607 ) | (43.4 ) |
NEL ASA | (257,935 ) | (99,786 ) | (1.9 ) |
(2,380,393 ) | |||
Spain | |||
Befesa SA | (4,630 ) | (107,829 ) | (2.1 ) |
Laboratorios Farmaceuticos Rovi SA | (27,893 ) | (2,369,511 ) | (45.1 ) |
Solaria Energia y Medio Ambiente SA | (386,612 ) | (4,055,188 ) | (77.1 ) |
Vidrala SA | (744 ) | (80,449 ) | (1.5 ) |
(6,612,977 ) | |||
Sweden | |||
Alleima AB | (90,471 ) | (552,843 ) | (10.5 ) |
Axfood AB | (141,799 ) | (3,166,158 ) | (60.2 ) |
Fabege AB | (8,145 ) | (64,955 ) | (1.2 ) |
Hexatronic Group AB | (20,677 ) | (84,691 ) | (1.6 ) |
Hexpol AB, Class B | (155,075 ) | (1,474,615 ) | (28.1 ) |
Lindab International AB | (7,592 ) | (159,164 ) | (3.0 ) |
Stillfront Group AB | (61,383 ) | (42,698 ) | (0.8 ) |
Surgical Science Sweden AB | (10,555 ) | (124,427 ) | (2.4 ) |
Thule Group AB | (55,978 ) | (1,873,713 ) | (35.7 ) |
Wallenstam AB, Class B | (14,243 ) | (67,365 ) | (1.3 ) |
(7,610,629 ) | |||
Switzerland | |||
Bossard Holding AG, Registered Shares | (2,888 ) | (693,900 ) | (13.2 ) |
Daetwyler Holding AG | (538 ) | (90,586 ) | (1.7 ) |
Galenica AG | (30,991 ) | (2,697,219 ) | (51.3 ) |
Garrett Motion, Inc. | (351,120 ) | (2,608,821 ) | (49.7 ) |
Georg Fischer AG, Registered Shares | (75,351 ) | (5,467,452 ) | (104.0 ) |
Security | Shares | Value | % of Basket Value |
Switzerland (continued) | |||
Interroll Holding AG, Registered Shares | (80 ) | $(210,382 ) | (4.0 )% |
Medacta Group SA | (3,632 ) | (482,837 ) | (9.2 ) |
Stadler Rail AG | (89,992 ) | (2,571,210 ) | (48.9 ) |
Tecan Group AG, Registered Shares | (1,894 ) | (478,561 ) | (9.1 ) |
(15,300,968 ) | |||
United Kingdom | |||
Bodycote PLC | (214,869 ) | (1,526,223 ) | (29.0 ) |
Capita PLC | (155,289 ) | (37,830 ) | (0.7 ) |
Fidelis Insurance Holdings Ltd. | (100,718 ) | (1,738,393 ) | (33.1 ) |
Genius Sports Ltd. | (291,367 ) | (1,995,864 ) | (38.0 ) |
Judges Scientific PLC | (983 ) | (121,176 ) | (2.3 ) |
Learning Technologies Group PLC | (1,667,470 ) | (1,935,108 ) | (36.8 ) |
Marex Group PLC | (2,013 ) | (53,022 ) | (1.0 ) |
OSB Group PLC | (156,977 ) | (710,569 ) | (13.5 ) |
Renewi PLC | (161,613 ) | (1,266,076 ) | (24.1 ) |
RS Group PLC | (38,606 ) | (346,115 ) | (6.6 ) |
Spectris PLC | (34,368 ) | (1,118,987 ) | (21.3 ) |
(10,849,363 ) | |||
United States | |||
AAR Corp. | (14,078 ) | (826,379 ) | (15.7 ) |
Acadia Realty Trust | (625,443 ) | (15,317,099 ) | (291.4 ) |
Adeia, Inc. | (102,415 ) | (1,273,018 ) | (24.2 ) |
Aehr Test Systems | (161,800 ) | (2,278,144 ) | (43.3 ) |
Amerant Bancorp, Inc., Class A | (24,445 ) | (521,167 ) | (9.9 ) |
Ameresco, Inc., Class A | (58,452 ) | (1,798,568 ) | (34.2 ) |
American Coastal Insurance Corp., Class C | (5,017 ) | (60,957 ) | (1.2 ) |
Apollo Commercial Real Estate Finance, Inc. | (129,368 ) | (1,150,082 ) | (21.9 ) |
Applied Digital Corp. | (210,525 ) | (1,423,149 ) | (27.1 ) |
Arbor Realty Trust, Inc. | (528,374 ) | (7,788,233 ) | (148.2 ) |
Aris Water Solutions, Inc., Class A | (122,643 ) | (2,023,609 ) | (38.5 ) |
ARMOUR Residential REIT, Inc. | (147,814 ) | (2,771,512 ) | (52.7 ) |
Array Technologies, Inc. | (55,367 ) | (361,547 ) | (6.9 ) |
Artesian Resources Corp., Class A | (2,236 ) | (74,928 ) | (1.4 ) |
Atlas Energy Solutions, Inc. | (97,078 ) | (1,899,816 ) | (36.1 ) |
Avadel Pharmaceuticals PLC | (3,253 ) | (50,324 ) | (1.0 ) |
B&G Foods, Inc. | (174,299 ) | (1,485,027 ) | (28.3 ) |
Baldwin Insurance Group, Inc., Class A | (22,733 ) | (1,051,629 ) | (20.0 ) |
Bel Fuse, Inc., Class B | (30,606 ) | (2,308,305 ) | (43.9 ) |
Blackstone Mortgage Trust, Inc., Class A | (673,370 ) | (12,262,068 ) | (233.3 ) |
BRC, Inc., Class A | (11,500 ) | (35,995 ) | (0.7 ) |
BrightSpire Capital, Inc., Class A | (159,547 ) | (970,046 ) | (18.5 ) |
Broadstone Net Lease, Inc. | (582,955 ) | (10,254,178 ) | (195.1 ) |
Bumble, Inc., Class A | (146,998 ) | (1,040,746 ) | (19.8 ) |
Camping World Holdings, Inc., Class A | (158,523 ) | (3,179,971 ) | (60.5 ) |
Cass Information Systems, Inc. | (3,078 ) | (127,306 ) | (2.4 ) |
Cathay General Bancorp | (135,244 ) | (6,218,519 ) | (118.3 ) |
CBIZ, Inc. | (83,023 ) | (5,722,775 ) | (108.9 ) |
Centrus Energy Corp., Class A | (69,913 ) | (7,257,669 ) | (138.1 ) |
Centuri Holdings, Inc. | (16,893 ) | (317,082 ) | (6.0 ) |
Cinemark Holdings, Inc. | (21,278 ) | (633,020 ) | (12.0 ) |
City Holding Co. | (3,335 ) | (388,861 ) | (7.4 ) |
Clearfield, Inc. | (88,071 ) | (3,164,391 ) | (60.2 ) |
Columbia Sportswear Co. | (21,868 ) | (1,759,718 ) | (33.5 ) |
Compass Minerals International, Inc. | (81,896 ) | (1,008,140 ) | (19.2 ) |
Conduent, Inc. | (28,241 ) | (101,668 ) | (1.9 ) |
Cricut, Inc., Class A | (32,254 ) | (212,231 ) | (4.0 ) |
CTS Corp. | (12,948 ) | (640,797 ) | (12.2 ) |
CVB Financial Corp. | (98,351 ) | (1,910,960 ) | (36.4 ) |
Cytek Biosciences, Inc. | (2,871 ) | (14,197 ) | (0.3 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Distribution Solutions Group, Inc. | (11,151 ) | $(429,313 ) | (8.2 )% |
Dream Finders Homes, Inc., Class A | (57,880 ) | (1,727,718 ) | (32.9 ) |
Driven Brands Holdings, Inc. | (20,150 ) | (299,228 ) | (5.7 ) |
Eastern Bankshares, Inc. | (486,979 ) | (7,952,367 ) | (151.3 ) |
Embecta Corp. | (139,485 ) | (1,963,949 ) | (37.4 ) |
Enfusion, Inc., Class A | (10,417 ) | (92,815 ) | (1.8 ) |
Enovix Corp. | (440,868 ) | (3,970,016 ) | (75.5 ) |
Enpro, Inc. | (51,928 ) | (7,561,236 ) | (143.8 ) |
ESCO Technologies, Inc. | (1,057 ) | (132,696 ) | (2.5 ) |
Excelerate Energy, Inc., Class A | (20,834 ) | (497,516 ) | (9.5 ) |
Expro Group Holdings NV | (4,436 ) | (56,559 ) | (1.1 ) |
F&G Annuities & Life, Inc. | (42,941 ) | (1,721,934 ) | (32.8 ) |
First Bancorp/Southern Pines NC | (38,293 ) | (1,596,818 ) | (30.4 ) |
First Commonwealth Financial Corp. | (79,815 ) | (1,312,159 ) | (25.0 ) |
First Hawaiian, Inc. | (48,994 ) | (1,212,112 ) | (23.1 ) |
First Merchants Corp. | (17,090 ) | (633,184 ) | (12.0 ) |
Fox Factory Holding Corp. | (32,691 ) | (1,176,549 ) | (22.4 ) |
GeneDx Holdings Corp., Class A | (64,443 ) | (5,264,349 ) | (100.1 ) |
German American Bancorp, Inc. | (64,547 ) | (2,613,508 ) | (49.7 ) |
Glacier Bancorp, Inc. | (1,251 ) | (65,240 ) | (1.2 ) |
Global Medical REIT, Inc. | (43,290 ) | (393,506 ) | (7.5 ) |
Global Net Lease, Inc. | (345,849 ) | (2,694,164 ) | (51.3 ) |
GoodRx Holdings, Inc., Class A | (325,722 ) | (1,993,419 ) | (37.9 ) |
Guess?, Inc. | (51,783 ) | (879,793 ) | (16.7 ) |
Helios Technologies, Inc. | (49,539 ) | (2,285,234 ) | (43.5 ) |
Herbalife Ltd. | (211,232 ) | (1,594,802 ) | (30.3 ) |
HighPeak Energy, Inc. | (223,458 ) | (2,860,262 ) | (54.4 ) |
Hillenbrand, Inc. | (122,675 ) | (3,379,696 ) | (64.3 ) |
Horace Mann Educators Corp. | (84,661 ) | (3,152,776 ) | (60.0 ) |
Ibotta, Inc., Class A | (6,061 ) | (444,211 ) | (8.4 ) |
Innodata, Inc. | (10,210 ) | (205,323 ) | (3.9 ) |
International Bancshares Corp. | (39,714 ) | (2,432,880 ) | (46.3 ) |
Invesco Mortgage Capital, Inc. | (69,297 ) | (559,227 ) | (10.6 ) |
IonQ, Inc. | (197,869 ) | (2,973,971 ) | (56.6 ) |
Ivanhoe Electric, Inc. | (27,196 ) | (276,039 ) | (5.2 ) |
Jack in the Box, Inc. | (98,716 ) | (4,861,763 ) | (92.5 ) |
Kadant, Inc. | (7,572 ) | (2,521,930 ) | (48.0 ) |
Kinetik Holdings, Inc., Class A | (77,360 ) | (3,765,111 ) | (71.6 ) |
Kura Sushi USA, Inc., Class A | (7,448 ) | (743,459 ) | (14.1 ) |
Lakeland Financial Corp. | (41,025 ) | (2,669,497 ) | (50.8 ) |
LCI Industries | (108,161 ) | (12,036,156 ) | (229.0 ) |
Lemonade, Inc. | (4,348 ) | (103,352 ) | (2.0 ) |
Loar Holdings, Inc. | (1,811 ) | (156,072 ) | (3.0 ) |
LTC Properties, Inc. | (38,695 ) | (1,478,149 ) | (28.1 ) |
Macerich Co. | (420,333 ) | (7,860,227 ) | (149.5 ) |
MaxCyte, Inc. | (57,737 ) | (206,698 ) | (3.9 ) |
Metallus, Inc. | (101,016 ) | (1,423,315 ) | (27.1 ) |
MFA Financial, Inc. | (107,344 ) | (1,319,258 ) | (25.1 ) |
Middlesex Water Co. | (5,546 ) | (339,360 ) | (6.5 ) |
Mirion Technologies, Inc., Class A | (3,992 ) | (59,082 ) | (1.1 ) |
Mission Produce, Inc. | (67,965 ) | (801,987 ) | (15.3 ) |
MP Materials Corp., Class A | (38,052 ) | (684,555 ) | (13.0 ) |
National Bank Holdings Corp., Class A | (51,869 ) | (2,332,030 ) | (44.4 ) |
Navient Corp. | (276,036 ) | (3,927,992 ) | (74.7 ) |
NBT Bancorp, Inc. | (60,745 ) | (2,701,938 ) | (51.4 ) |
nCino, Inc. | (2,869 ) | (107,014 ) | (2.0 ) |
Neumora Therapeutics, Inc. | (4,257 ) | (48,743 ) | (0.9 ) |
NextNav, Inc. | (279,167 ) | (3,243,921 ) | (61.7 ) |
nLight, Inc. | (15,984 ) | (199,480 ) | (3.8 ) |
ODP Corp. | (94,988 ) | (2,947,478 ) | (56.1 ) |
Owens & Minor, Inc. | (60,303 ) | (766,451 ) | (14.6 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Oxford Industries, Inc. | (78,176 ) | $(5,677,141 ) | (108.0 )% |
Pacific Premier Bancorp, Inc. | (225,070 ) | (5,741,536 ) | (109.2 ) |
Papa John’s International, Inc. | (203,783 ) | (10,676,191 ) | (203.1 ) |
Payoneer Global, Inc. | (85,820 ) | (739,768 ) | (14.1 ) |
Peakstone Realty Trust, Class E | (25,114 ) | (329,496 ) | (6.3 ) |
Penguin Solutions, Inc. | (35,311 ) | (531,431 ) | (10.1 ) |
PennyMac Mortgage Investment Trust | (52,877 ) | (712,782 ) | (13.6 ) |
Peoples Bancorp, Inc. | (30,930 ) | (952,025 ) | (18.1 ) |
Phathom Pharmaceuticals, Inc. | (50,771 ) | (870,723 ) | (16.6 ) |
Phillips Edison & Co., Inc. | (214,731 ) | (8,118,979 ) | (154.5 ) |
PotlatchDeltic Corp. | (143,209 ) | (5,953,198 ) | (113.3 ) |
QuantumScape Corp., Class A | (156,206 ) | (804,461 ) | (15.3 ) |
Ready Capital Corp. | (130,169 ) | (891,658 ) | (17.0 ) |
Reliance Worldwide Corp. Ltd. | (211,523 ) | (720,191 ) | (13.7 ) |
Resideo Technologies, Inc. | (7,661 ) | (150,692 ) | (2.9 ) |
Retail Opportunity Investments Corp. | (54,985 ) | (852,267 ) | (16.2 ) |
S&T Bancorp, Inc. | (10,548 ) | (400,613 ) | (7.6 ) |
Sable Offshore Corp., Class A | (49,851 ) | (1,114,668 ) | (21.2 ) |
Safety Insurance Group, Inc. | (27,940 ) | (2,186,724 ) | (41.6 ) |
Shenandoah Telecommunications Co. | (35,404 ) | (489,991 ) | (9.3 ) |
Sphere Entertainment Co., Class A | (34,097 ) | (1,425,596 ) | (27.1 ) |
St Joe Co. | (21,353 ) | (1,103,950 ) | (21.0 ) |
Standex International Corp. | (13,066 ) | (2,402,576 ) | (45.7 ) |
Stellar Bancorp, Inc. | (18,726 ) | (509,722 ) | (9.7 ) |
Talos Energy, Inc. | (1,080,406 ) | (11,041,749 ) | (210.1 ) |
Telephone and Data Systems, Inc. | (172,667 ) | (5,136,843 ) | (97.7 ) |
Towne Bank | (64,791 ) | (2,107,003 ) | (40.1 ) |
TreeHouse Foods, Inc. | (207,830 ) | (7,560,855 ) | (143.8 ) |
TriMas Corp. | (93,643 ) | (2,514,315 ) | (47.8 ) |
Trupanion, Inc. | (27,148 ) | (1,487,167 ) | (28.3 ) |
Ubiquiti, Inc. | (3,817 ) | (1,014,139 ) | (19.3 ) |
Udemy, Inc. | (47,771 ) | (374,525 ) | (7.1 ) |
UFP Technologies, Inc. | (1,524 ) | (406,908 ) | (7.7 ) |
United Community Banks, Inc. | (40,431 ) | (1,150,666 ) | (21.9 ) |
United States Cellular Corp. | (109,500 ) | (6,756,150 ) | (128.5 ) |
Upstart Holdings, Inc. | (41,497 ) | (2,020,074 ) | (38.4 ) |
Uranium Energy Corp. | (283,434 ) | (2,103,080 ) | (40.0 ) |
USANA Health Sciences, Inc. | (49,390 ) | (1,824,467 ) | (34.7 ) |
Viavi Solutions, Inc. | (11,491 ) | (105,947 ) | (2.0 ) |
Victoria’s Secret & Co. | (192,201 ) | (5,816,002 ) | (110.6 ) |
Vishay Intertechnology, Inc. | (92,704 ) | (1,572,260 ) | (29.9 ) |
Vista Outdoor, Inc. | (327,313 ) | (14,391,953 ) | (273.8 ) |
Vontier Corp. | (384,425 ) | (14,254,479 ) | (271.2 ) |
Walker & Dunlop, Inc. | (11,035 ) | (1,206,898 ) | (23.0 ) |
Wendy’s Co. | (33,872 ) | (647,294 ) | (12.3 ) |
Werner Enterprises, Inc. | (350,590 ) | (12,933,265 ) | (246.0 ) |
White Mountains Insurance Group Ltd. | (1,650 ) | (2,965,281 ) | (56.4 ) |
Winnebago Industries, Inc. | (13,968 ) | (782,767 ) | (14.9 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
XPEL, Inc. | (67,079 ) | $(2,587,237 ) | (49.2 )% |
Ziff Davis, Inc. | (4,060 ) | (187,856 ) | (3.6 ) |
(381,698,977 ) | |||
Total Reference Entity — Short | (777,702,691 ) | ||
Net Value of Reference Entity — Barclays Bank PLC | $5,256,418 |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 268,930 | $1,846,476 | (64.8 )% |
Aristocrat Leisure Ltd. | 24,421 | 982,692 | (34.5 ) |
Cochlear Ltd. | 12,655 | 2,342,927 | (82.2 ) |
GPT Group | 114,706 | 355,374 | (12.5 ) |
IGO Ltd. | 91,053 | 311,917 | (10.9 ) |
Lendlease Corp Ltd. | 5 | 22 | (0.0 ) |
Mineral Resources Ltd. | 1,483 | 38,109 | (1.3 ) |
REA Group Ltd. | 98,683 | 14,588,793 | (511.6 ) |
Sandfire Resources Ltd. | 70,730 | 478,680 | (16.8 ) |
Santos Ltd. | 85,830 | 381,846 | (13.4 ) |
Sonic Healthcare Ltd. | 260,450 | 4,589,212 | (160.9 ) |
25,916,048 | |||
Austria | |||
Erste Group Bank AG | 7,939 | 449,075 | (15.7 ) |
Belgium | |||
Groupe Bruxelles Lambert NV | 3,100 | 223,989 | (7.9 ) |
UCB SA | 4,212 | 811,014 | (28.4 ) |
1,035,003 | |||
China | |||
Yangzijiang Shipbuilding Holdings Ltd. | 6,446,800 | 12,524,812 | (439.2 ) |
Denmark | |||
AP Moller - Maersk A/S, Class B | 3,333 | 5,272,017 | (184.9 ) |
Genmab A/S | 2,794 | 625,736 | (21.9 ) |
GN Store Nord A/S | 1,833 | 36,036 | (1.3 ) |
Novo Nordisk A/S, Class B | 25,002 | 2,804,349 | (98.3 ) |
8,738,138 | |||
France | |||
Amundi SA | 16,718 | 1,212,123 | (42.5 ) |
Bouygues SA | 59,353 | 1,907,696 | (66.9 ) |
Bureau Veritas SA | 2,810 | 89,119 | (3.1 ) |
Capgemini SE | 4,942 | 857,342 | (30.0 ) |
Security | Shares | Value | % of Basket Value |
France (continued) | |||
Credit Agricole SA | 51,325 | $786,714 | (27.6 )% |
Dassault Aviation SA | 11,943 | 2,411,451 | (84.6 ) |
Eiffage SA | 8,997 | 837,383 | (29.4 ) |
Engie SA | 387,526 | 6,495,521 | (227.8 ) |
Gaztransport Et Technigaz SA | 65,870 | 9,584,024 | (336.1 ) |
Nexans SA | 10,524 | 1,464,969 | (51.4 ) |
Orange SA | 179,833 | 1,975,591 | (69.3 ) |
Safran SA | 5,566 | 1,259,951 | (44.2 ) |
Valeo SE | 709,749 | 6,900,280 | (242.0 ) |
Veolia Environnement SA | 31,363 | 995,765 | (34.9 ) |
36,777,929 | |||
Germany | |||
Bayer AG, Registered Shares | 52,484 | 1,414,282 | (49.6 ) |
Continental AG | 16,420 | 1,024,777 | (35.9 ) |
Deutsche Bank AG, Registered Shares | 159,821 | 2,715,322 | (95.2 ) |
Evonik Industries AG | 150,969 | 3,327,233 | (116.7 ) |
Fresenius Medical Care AG | 82,026 | 3,210,904 | (112.6 ) |
Fresenius SE & Co. KGaA | 210,091 | 7,670,556 | (269.0 ) |
HUGO BOSS AG | 85,960 | 3,957,434 | (138.8 ) |
Infineon Technologies AG | 138,095 | 4,367,204 | (153.2 ) |
LANXESS AG | 5,835 | 169,449 | (5.9 ) |
Merck KGaA | 24,896 | 4,115,937 | (144.3 ) |
Nordex SE | 181,579 | 2,587,599 | (90.7 ) |
Rheinmetall AG | 1,594 | 820,648 | (28.8 ) |
Siemens Energy AG | 171,373 | 7,038,819 | (246.9 ) |
TUI AG | 388,110 | 3,235,315 | (113.5 ) |
Zalando SE | 53,837 | 1,629,790 | (57.2 ) |
47,285,269 | |||
Hong Kong | |||
Asmpt Ltd. | 23,300 | 252,591 | (8.9 ) |
CLP Holdings Ltd. | 7,000 | 59,462 | (2.1 ) |
Hang Seng Bank Ltd. | 94,000 | 1,149,825 | (40.3 ) |
Jardine Matheson Holdings Ltd. | 7,700 | 296,450 | (10.4 ) |
Link REIT | 561,900 | 2,618,127 | (91.8 ) |
Prudential PLC | 722,733 | 6,016,643 | (211.0 ) |
10,393,098 | |||
Ireland | |||
AIB Group PLC | 123,512 | 662,153 | (23.2 ) |
Kerry Group PLC | 44,066 | 4,401,108 | (154.4 ) |
5,063,261 | |||
Israel | |||
Mizrahi Tefahot Bank Ltd. | 38,288 | 1,578,713 | (55.4 ) |
Italy | |||
Amplifon SpA | 5,192 | 145,034 | (5.1 ) |
Coca-Cola HBC AG | 79,312 | 2,775,370 | (97.3 ) |
Poste Italiane SpA | 51,273 | 720,967 | (25.3 ) |
3,641,371 | |||
Japan | |||
Bandai Namco Holdings, Inc. | 4,200 | 88,058 | (3.1 ) |
Canon, Inc. | 18,600 | 604,965 | (21.2 ) |
Daikin Industries Ltd. | 27,300 | 3,277,548 | (114.9 ) |
DMG Mori Co. Ltd. | 232,800 | 4,439,045 | (155.7 ) |
Hitachi Construction Machinery Co. Ltd. | 26,900 | 583,639 | (20.5 ) |
Hulic Co. Ltd. | 5,800 | 53,710 | (1.9 ) |
Inpex Corp. | 37,000 | 487,736 | (17.1 ) |
Isetan Mitsukoshi Holdings Ltd. | 155,600 | 2,315,361 | (81.2 ) |
Japan Airlines Co. Ltd. | 31,100 | 498,784 | (17.5 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Japan Metropolitan Fund Invest | 9,256 | $5,680,978 | (199.2 )% |
Japan Post Insurance Co. Ltd. | 96,800 | 1,595,091 | (55.9 ) |
KDDI Corp. | 50,100 | 1,562,087 | (54.8 ) |
Koito Manufacturing Co. Ltd. | 2,900 | 37,552 | (1.3 ) |
Lixil Corp. | 31,500 | 369,758 | (13.0 ) |
LY Corp. | 1,018,100 | 2,777,160 | (97.4 ) |
Marubeni Corp. | 80,700 | 1,206,403 | (42.3 ) |
Murata Manufacturing Co. Ltd. | 586,100 | 10,239,816 | (359.1 ) |
Nikon Corp. | 249,600 | 3,092,093 | (108.4 ) |
Nippon Express Holdings, Inc | 37,100 | 1,829,102 | (64.1 ) |
Nippon Yusen KK | 41,600 | 1,392,743 | (48.8 ) |
Nomura Holdings, Inc. | 2,232,300 | 11,447,019 | (401.5 ) |
Nomura Real Estate Holdings, Inc. | 45,100 | 1,110,349 | (38.9 ) |
Obayashi Corp. | 107,200 | 1,314,189 | (46.1 ) |
ORIX Corp. | 7,300 | 153,810 | (5.4 ) |
Panasonic Holdings Corp. | 362,800 | 2,985,857 | (104.7 ) |
Recruit Holdings Co. Ltd. | 206,500 | 12,609,411 | (442.2 ) |
Sankyo Co. Ltd. | 5,500 | 73,053 | (2.6 ) |
Shimizu Corp. | 271,900 | 1,801,315 | (63.2 ) |
Shiseido Co. Ltd. | 106,900 | 2,307,427 | (80.9 ) |
Skylark Holdings Co. Ltd. | 380,300 | 5,890,183 | (206.6 ) |
SoftBank Corp. | 450,400 | 567,010 | (19.9 ) |
Sompo Holdings, Inc. | 52,200 | 1,119,120 | (39.3 ) |
Sumitomo Chemical Co. Ltd. | 6,034,000 | 16,109,206 | (565.0 ) |
TDK Corp. | 262,800 | 3,089,291 | (108.3 ) |
Tokyo Electron Ltd. | 34,300 | 5,047,346 | (177.0 ) |
Tokyo Ohka Kogyo Co. Ltd. | 16,700 | 384,346 | (13.5 ) |
Tokyu Fudosan Holdings Corp. | 62,100 | 387,529 | (13.6 ) |
Trend Micro, Inc./Japan | 8,100 | 423,811 | (14.9 ) |
Ulvac, Inc. | 80,100 | 3,745,268 | (131.3 ) |
Unicharm Corp. | 63,100 | 2,034,656 | (71.4 ) |
USS Co. Ltd. | 377,600 | 3,162,314 | (110.9 ) |
117,894,139 | |||
Netherlands | |||
Koninklijke Philips NV | 329,183 | 8,660,412 | (303.7 ) |
Norway | |||
Equinor ASA | 28,387 | 674,538 | (23.7 ) |
Singapore | |||
Singapore Telecommunications Ltd. | 3,802,000 | 8,969,795 | (314.6 ) |
STMicroelectronics NV | 233,134 | 6,337,147 | (222.2 ) |
15,306,942 | |||
South Korea | |||
Delivery Hero SE | 1,644 | 69,791 | (2.4 ) |
Spain | |||
Acciona SA | 18,291 | 2,347,289 | (82.3 ) |
ACS Actividades de Construccion y Servicios SA | 143,785 | 6,895,271 | (241.8 ) |
Banco Santander SA | 748,428 | 3,656,363 | (128.2 ) |
Enagas SA | 353,442 | 5,013,682 | (175.9 ) |
17,912,605 | |||
Sweden | |||
Alfa Laval AB | 112,621 | 4,985,700 | (174.9 ) |
Electrolux AB, Class B | 197,708 | 1,659,295 | (58.2 ) |
Fastighets AB Balder, Class B | 11,747 | 91,386 | (3.2 ) |
Security | Shares | Value | % of Basket Value |
Sweden (continued) | |||
Skanska AB, Class B | 7,849 | $159,790 | (5.6 )% |
Telefonaktiebolaget LM Ericsson, Class B | 45,731 | 383,414 | (13.4 ) |
7,279,585 | |||
Switzerland | |||
ABB Ltd., Registered Shares | 153,651 | 8,538,555 | (299.4 ) |
Accelleron Industries AG | 12,630 | 677,188 | (23.8 ) |
Belimo Holding AG, Registered Shares | 750 | 496,824 | (17.4 ) |
Chocoladefabriken Lindt & Spruengli AG | 1 | 11,796 | (0.4 ) |
Chocoladefabriken Lindt & Spruengli AG, Registered Shares | 1 | 116,469 | (4.1 ) |
Cie Financiere Richemont SA, Registered Shares | 5,807 | 845,501 | (29.7 ) |
DSM-Firmenich AG | 58,932 | 6,988,345 | (245.1 ) |
Kuehne & Nagel International AG, Registered Shares | 2,374 | 592,643 | (20.8 ) |
Logitech International SA, Registered Shares | 47,541 | 3,892,740 | (136.5 ) |
22,160,061 | |||
United Kingdom | |||
Auto Trader Group PLC | 123,106 | 1,329,236 | (46.6 ) |
Ck Hutchison Holdings Ltd. | 439,500 | 2,311,387 | (81.1 ) |
Diploma PLC | 19,959 | 1,097,220 | (38.5 ) |
Halma PLC | 8,516 | 272,050 | (9.5 ) |
J Sainsbury PLC | 206,978 | 712,583 | (25.0 ) |
Johnson Matthey PLC | 482,106 | 9,277,043 | (325.3 ) |
Rolls-Royce Holdings PLC | 1,123,920 | 7,755,495 | (272.0 ) |
Schroders PLC | 350,671 | 1,553,765 | (54.5 ) |
Smiths Group PLC | 124,551 | 2,457,744 | (86.2 ) |
26,766,523 | |||
United States | |||
Alcon AG | 340 | 31,230 | (1.1 ) |
GSK PLC | 172,849 | 3,121,407 | (109.5 ) |
Qiagen N.V. | 1,706 | 72,297 | (2.5 ) |
3,224,934 | |||
Preferred Stocks | |||
Germany | |||
Henkel AG & Co KGaA | 12,733 | 1,102,587 | (38.7 ) |
Total Reference Entity — Long | 374,454,834 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
ANZ Group Holdings Ltd. | (21,624 ) | (440,708 ) | 15.5 |
Endeavour Group Ltd./Australia | (324,398 ) | (997,885 ) | 35.0 |
Goodman Group | (87,820 ) | (2,097,097 ) | 73.6 |
Paladin Energy Ltd. | (547,606 ) | (3,605,220 ) | 126.4 |
Pilbara Minerals Ltd. | (477,407 ) | (884,247 ) | 31.0 |
Reece Ltd. | (80,936 ) | (1,205,995 ) | 42.3 |
SEEK Ltd. | (47,072 ) | (764,741 ) | 26.8 |
Seven Group Holdings Ltd. | (58,314 ) | (1,588,772 ) | 55.7 |
Treasury Wine Estates Ltd. | (1,095,458 ) | (8,133,057 ) | 285.2 |
(19,717,722 ) | |||
Belgium | |||
Anheuser-Busch InBev SA | (12,337 ) | (731,477 ) | 25.7 |
Canada | |||
Ivanhoe Mines Ltd., Class A | (78,267 ) | (1,034,866 ) | 36.3 |
Security | Shares | Value | % of Basket Value |
Denmark | |||
Coloplast A/S, Class B | (22,948 ) | $(2,874,250 ) | 100.8 % |
DSV A/S | (5,642 ) | (1,235,065 ) | 43.3 |
NKT A/S, Class B | (232 ) | (21,752 ) | 0.7 |
Novozymes A/S, Class B | (7,380 ) | (463,772 ) | 16.3 |
(4,594,839 ) | |||
Finland | |||
Kone Oyj, Class B | (38,935 ) | (2,135,079 ) | 74.9 |
UPM-Kymmene OYJ | (21,083 ) | (620,400 ) | 21.7 |
(2,755,479 ) | |||
France | |||
AXA SA | (46,695 ) | (1,753,270 ) | 61.5 |
Cie de Saint-Gobain SA | (38,712 ) | (3,510,594 ) | 123.1 |
Edenred SE | (1,982 ) | (64,103 ) | 2.2 |
EssilorLuxottica SA | (13,879 ) | (3,255,429 ) | 114.2 |
Hermes International SCA | (374 ) | (850,009 ) | 29.8 |
Klepierre SA | (14,344 ) | (458,600 ) | 16.1 |
Renault SA | (22,821 ) | (1,044,162 ) | 36.6 |
Rexel SA | (13,856 ) | (381,753 ) | 13.4 |
TotalEnergies SE | (65,870 ) | (4,133,714 ) | 145.0 |
Unibail-Rodamco-Westfield | (19,239 ) | (1,573,217 ) | 55.2 |
Vivendi SE | (128,122 ) | (1,369,052 ) | 48.0 |
(18,393,903 ) | |||
Germany | |||
Commerzbank AG | (46,666 ) | (827,650 ) | 29.0 |
Daimler Truck Holding AG | (78,294 ) | (3,237,506 ) | 113.6 |
SMA Solar Technology AG | (6 ) | (105 ) | 0.0 |
(4,065,261 ) | |||
Japan | |||
Aeon Co. Ltd. | (93,600 ) | (2,293,493 ) | 80.4 |
Asics Corp. | (156,300 ) | (2,730,076 ) | 95.7 |
BayCurrent, Inc. | (160,500 ) | (5,216,095 ) | 182.9 |
Brother Industries Ltd. | (1,700 ) | (33,111 ) | 1.2 |
Capcom Co. Ltd. | (1,400 ) | (27,704 ) | 1.0 |
Chiba Bank Ltd. | (130,100 ) | (949,433 ) | 33.3 |
Chugai Pharmaceutical Co. Ltd. | (223,900 ) | (10,653,487 ) | 373.6 |
Chugoku Electric Power Co., Inc. | (774,400 ) | (5,635,823 ) | 197.7 |
Concordia Financial Group Ltd. | (180,500 ) | (894,070 ) | 31.4 |
Cosmo Energy Holdings Co. Ltd. | (6,400 ) | (315,902 ) | 11.1 |
Cosmos Pharmaceutical Corp. | (33,700 ) | (1,619,724 ) | 56.8 |
Credit Saison Co. Ltd. | (57,900 ) | (1,302,302 ) | 45.7 |
Dai Nippon Printing Co. Ltd. | (14,500 ) | (251,667 ) | 8.8 |
Dentsu Group, Inc. | (28,500 ) | (879,731 ) | 30.9 |
Dexerials Corp. | (65,300 ) | (996,972 ) | 35.0 |
East Japan Railway Co. | (10,200 ) | (204,870 ) | 7.2 |
Fujikura Ltd. | (146,200 ) | (5,373,323 ) | 188.4 |
GMO Payment Gateway, Inc. | (35,500 ) | (2,126,347 ) | 74.6 |
Hikari Tsushin, Inc. | (800 ) | (161,466 ) | 5.7 |
Hoshizaki Corp. | (99,100 ) | (3,257,240 ) | 114.2 |
Hoya Corp. | (200 ) | (26,759 ) | 0.9 |
Ibiden Co. Ltd. | (53,600 ) | (1,702,587 ) | 59.7 |
Idemitsu Kosan Co. Ltd. | (6,400 ) | (43,632 ) | 1.5 |
ITOCHU Corp. | (78,900 ) | (3,903,011 ) | 136.9 |
Japan Exchange Group, Inc. | (79,600 ) | (932,996 ) | 32.7 |
Japan Post Bank Co. Ltd. | (184,400 ) | (1,646,940 ) | 57.8 |
Japan Post Holdings Co. Ltd. | (271,600 ) | (2,505,804 ) | 87.9 |
Japan Real Estate Investment Corp. | (2,120 ) | (7,711,396 ) | 270.4 |
Japan Steel Works Ltd. | (104,400 ) | (3,541,127 ) | 124.2 |
Kawasaki Heavy Industries Ltd. | (57,600 ) | (2,205,407 ) | 77.3 |
Keisei Electric Railway Co. Ltd. | (20,500 ) | (533,366 ) | 18.7 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Keyence Corp. | (2,900 ) | $(1,309,099 ) | 45.9 % |
Kikkoman Corp. | (533,200 ) | (6,255,900 ) | 219.4 |
Kobayashi Pharmaceutical Co. Ltd. | (17,900 ) | (666,742 ) | 23.4 |
Kobe Bussan Co. Ltd. | (319,800 ) | (7,844,597 ) | 275.1 |
Kokusai Electric Corp. | (101,400 ) | (1,848,901 ) | 64.8 |
Konami Group Corp. | (2,500 ) | (229,150 ) | 8.0 |
Kosaido Holdings Co. Ltd. | (102,400 ) | (5,137,313 ) | 180.2 |
Kuraray Co. Ltd. | (123,300 ) | (1,670,896 ) | 58.6 |
Kyoto Financial Group, Inc. | (131,000 ) | (1,922,604 ) | 67.4 |
Kyushu Electric Power Co., Inc. | (18,600 ) | (208,297 ) | 7.3 |
Kyushu Railway Co. | (129,100 ) | (3,396,686 ) | 119.1 |
Lasertec Corp. | (100 ) | (13,570 ) | 0.5 |
Macnica Holdings, Inc. | (176,200 ) | (2,009,796 ) | 70.5 |
Marui Group Co. Ltd. | (41,000 ) | (643,794 ) | 22.6 |
Maruwa Co. Ltd. | (12,800 ) | (3,531,103 ) | 123.8 |
MatsukiyoCocokara & Co. | (3,000 ) | (40,844 ) | 1.4 |
McDonald’s Holdings Co. Japan Ltd. | (9,500 ) | (402,581 ) | 14.1 |
Mebuki Financial Group, Inc. | (418,000 ) | (1,563,488 ) | 54.8 |
Mercari, Inc. | (524,200 ) | (7,333,098 ) | 257.2 |
MinebeaMitsumi, Inc. | (220,500 ) | (3,881,785 ) | 136.1 |
Mitsubishi Heavy Industries Ltd. | (48,100 ) | (679,025 ) | 23.8 |
Mitsubishi Motors Corp. | (434,200 ) | (1,290,024 ) | 45.2 |
Mitsui OSK Lines Ltd. | (35,500 ) | (1,208,617 ) | 42.4 |
MonotaRO Co. Ltd. | (56,400 ) | (850,870 ) | 29.8 |
Nichirei Corp. | (6,200 ) | (173,260 ) | 6.1 |
Nippon Building Fund, Inc. | (50 ) | (42,945 ) | 1.5 |
Nippon Paint Holdings Co. Ltd. | (33,200 ) | (254,095 ) | 8.9 |
Nippon Sanso Holdings Corp. | (221,500 ) | (7,688,706 ) | 269.6 |
Nissin Foods Holdings Co. Ltd. | (1,700 ) | (45,776 ) | 1.6 |
Nitori Holdings Co. Ltd. | (43,100 ) | (5,488,982 ) | 192.5 |
Obic Co. Ltd. | (413,400 ) | (13,508,845 ) | 473.8 |
Omron Corp. | (43,600 ) | (1,721,385 ) | 60.4 |
Osaka Gas Co. Ltd. | (34,500 ) | (739,288 ) | 25.9 |
Rakus Co. Ltd. | (154,800 ) | (2,069,876 ) | 72.6 |
Rakuten Bank Ltd. | (327,300 ) | (6,635,847 ) | 232.7 |
Ricoh Co. Ltd. | (7,500 ) | (81,245 ) | 2.9 |
Rohto Pharmaceutical Co. Ltd. | (4,600 ) | (103,442 ) | 3.6 |
Rorze Corp. | (164,500 ) | (2,397,509 ) | 84.1 |
Ryohin Keikaku Co. Ltd. | (31,000 ) | (507,311 ) | 17.8 |
Sanrio Co. Ltd. | (14,200 ) | (385,231 ) | 13.5 |
Sanwa Holdings Corp. | (119,400 ) | (3,024,885 ) | 106.1 |
Sapporo Holdings Ltd. | (155,000 ) | (7,439,925 ) | 260.9 |
SBI Sumishin Net Bank Ltd. | (366,600 ) | (6,421,717 ) | 225.2 |
SCREEN Holdings Co. Ltd. | (11,600 ) | (740,552 ) | 26.0 |
Secom Co. Ltd. | (193,400 ) | (6,877,862 ) | 241.2 |
Seibu Holdings, Inc. | (181,400 ) | (4,050,410 ) | 142.1 |
SG Holdings Co. Ltd. | (260,400 ) | (2,611,382 ) | 91.6 |
Shimadzu Corp. | (298,800 ) | (8,813,958 ) | 309.1 |
Shin-Etsu Chemical Co. Ltd. | (2,400 ) | (87,945 ) | 3.1 |
Shinko Electric Industries Co. Ltd. | (140,800 ) | (5,035,204 ) | 176.6 |
SMC Corp. | (1,600 ) | (679,274 ) | 23.8 |
Socionext, Inc. | (215,300 ) | (4,008,267 ) | 140.6 |
Square Enix Holdings Co. Ltd. | (14,100 ) | (550,698 ) | 19.3 |
SUMCO Corp. | (559,600 ) | (5,350,571 ) | 187.6 |
Sumitomo Forestry Co. Ltd. | (200,800 ) | (7,735,587 ) | 271.3 |
Sumitomo Metal Mining Co. Ltd. | (1,400 ) | (38,708 ) | 1.4 |
TIS, Inc. | (9,600 ) | (239,390 ) | 8.4 |
Toho Co. Ltd. | (47,100 ) | (1,798,663 ) | 63.1 |
Tohoku Electric Power Co., Inc. | (149,100 ) | (1,462,505 ) | 51.3 |
Tokyo Electric Power Co Holdings, Inc. | (622,400 ) | (2,513,571 ) | 88.2 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Tokyo Gas Co. Ltd. | (37,000 ) | $(912,897 ) | 32.0 % |
TOPPAN Holdings, Inc. | (2,500 ) | (73,128 ) | 2.6 |
Toray Industries, Inc. | (279,300 ) | (1,518,852 ) | 53.3 |
TOTO Ltd. | (79,900 ) | (2,229,194 ) | 78.2 |
Toyo Suisan Kaisha Ltd. | (3,900 ) | (229,101 ) | 8.0 |
Trial Holdings, Inc. | (37,100 ) | (691,971 ) | 24.3 |
Visional, Inc. | (29,700 ) | (1,589,220 ) | 55.7 |
Yakult Honsha Co. Ltd. | (203,300 ) | (4,417,930 ) | 154.9 |
Yamaha Corp. | (168,200 ) | (1,358,258 ) | 47.6 |
Yamaha Motor Co. Ltd. | (594,700 ) | (5,198,283 ) | 182.3 |
Yamazaki Baking Co. Ltd. | (10,900 ) | (221,364 ) | 7.8 |
Yaskawa Electric Corp. | (65,200 ) | (1,868,598 ) | 65.5 |
ZOZO, Inc. | (243,900 ) | (7,908,568 ) | 277.4 |
(263,156,822 ) | |||
Netherlands | |||
Akzo Nobel NV | (29,255 ) | (1,866,862 ) | 65.5 |
IMCD NV | (6,727 ) | (1,069,533 ) | 37.5 |
Universal Music Group NV | (72,062 ) | (1,813,525 ) | 63.6 |
(4,749,920 ) | |||
Singapore | |||
CapitaLand Investment Ltd./Singapore | (79,800 ) | (168,584 ) | 5.9 |
Sembcorp Industries Ltd. | (109,200 ) | (414,288 ) | 14.5 |
(582,872 ) | |||
Spain | |||
CaixaBank SA | (49,352 ) | (300,739 ) | 10.5 |
EDP Renovaveis SA | (164,272 ) | (2,226,478 ) | 78.1 |
Iberdrola SA | (290,371 ) | (4,313,325 ) | 151.3 |
(6,840,542 ) | |||
Sweden | |||
Epiroc AB, Class A | (57,732 ) | (1,127,523 ) | 39.6 |
Epiroc AB, Class B | (29,847 ) | (514,175 ) | 18.0 |
EQT AB | (1,967 ) | (57,068 ) | 2.0 |
Lifco AB, Class B | (10,589 ) | (315,954 ) | 11.1 |
Volvo Car AB, Class B | (161,128 ) | (348,152 ) | 12.2 |
(2,362,872 ) | |||
Switzerland | |||
EMS-Chemie Holding AG, Registered Shares | (18 ) | (13,843 ) | 0.5 |
Partners Group Holding AG | (4,540 ) | (6,246,262 ) | 219.1 |
Sandoz Group AG | (92,504 ) | (4,217,097 ) | 147.9 |
Sika AG, Registered Shares | (10,734 ) | (2,989,603 ) | 104.8 |
Swatch Group AG | (7,870 ) | (1,614,948 ) | 56.6 |
UBS Group AG, Registered Shares | (16,326 ) | (499,379 ) | 17.5 |
(15,581,132 ) | |||
United Kingdom | |||
DS Smith PLC | (1,337,212 ) | (9,401,475 ) | 329.7 |
Entain PLC | (364,737 ) | (3,507,859 ) | 123.0 |
London Stock Exchange Group PLC | (33,153 ) | (4,493,420 ) | 157.6 |
WPP PLC | (737,125 ) | (7,747,867 ) | 271.7 |
(25,150,621 ) | |||
United States | |||
Nestle SA, Registered Shares | (55,321 ) | (5,227,425 ) | 183.3 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Sinch AB | (333,736 ) | $(996,629 ) | 35.0 % |
Stellantis NV | (99,536 ) | (1,363,875 ) | 47.8 |
(7,587,929 ) | |||
Total Reference Entity — Short | (377,306,257 ) | ||
Net Value of Reference Entity — Barclays Bank PLC | $(2,851,423 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 276,999 | $1,901,878 | (10.0 )% |
BHP Group Ltd. | 756,344 | 21,013,175 | (110.1 ) |
Rio Tinto Ltd. | 129,228 | 10,146,661 | (53.2 ) |
Worley Ltd. | 76,071 | 698,537 | (3.6 ) |
33,760,251 | |||
Belgium | |||
Liberty Global Ltd., Class C | 216,966 | 4,473,839 | (23.4 ) |
Canada | |||
Algonquin Power & Utilities Corp. | 25,238 | 121,989 | (0.6 ) |
Barrick Gold Corp. | 74,467 | 1,439,226 | (7.5 ) |
FirstService Corp. | 1,319 | 244,219 | (1.3 ) |
Keyera Corp. | 8,614 | 264,542 | (1.4 ) |
Magna International, Inc. | 5,095 | 201,151 | (1.1 ) |
Stantec, Inc. | 1,648 | 133,677 | (0.7 ) |
TELUS Corp. | 24,572 | 388,429 | (2.0 ) |
2,793,233 | |||
Denmark | |||
AP Moller - Maersk A/S, Class B | 8,694 | 13,751,849 | (72.0 ) |
DSV A/S | 48,532 | 10,623,919 | (55.7 ) |
Genmab A/S | 2,194 | 491,362 | (2.6 ) |
24,867,130 | |||
Germany | |||
HUGO BOSS AG, Ordinary Shares | 10,661 | 490,812 | (2.6 ) |
RWE AG | 86,619 | 2,807,286 | (14.7 ) |
Solarworld AG | 4 | — | 0.0 |
TUI AG | 895,829 | 7,467,701 | (39.1 ) |
10,765,799 | |||
Israel | |||
Nova Ltd. | 3,246 | 601,484 | (3.2 ) |
Wix.com Ltd. | 23,574 | 3,939,687 | (20.6 ) |
4,541,171 | |||
Italy | |||
A2A SpA | 478,389 | 1,093,522 | (5.7 ) |
Banco BPM SpA | 50,612 | 341,382 | (1.8 ) |
BPER Banca SPA | 23,879 | 145,390 | (0.8 ) |
Security | Shares | Value | % of Basket Value |
Italy (continued) | |||
Infrastrutture Wireless Italiane SpA | 6,955 | $78,416 | (0.4 )% |
Mediobanca Banca di Credito Finanziario SpA | 56,016 | 924,111 | (4.8 ) |
2,582,821 | |||
Japan | |||
Amada Co. Ltd. | 170,100 | 1,676,318 | (8.8 ) |
Asahi Kasei Corp. | 186,500 | 1,286,604 | (6.7 ) |
Bandai Namco Holdings, Inc. | 16,800 | 352,231 | (1.8 ) |
Dai-ichi Life Holdings, Inc. | 12,000 | 299,164 | (1.6 ) |
Daiwa Securities Group, Inc. | 1,399,400 | 9,155,267 | (48.0 ) |
DMG Mori Co. Ltd. | 35,900 | 684,544 | (3.6 ) |
FANUC Corp. | 116,400 | 3,088,246 | (16.2 ) |
Inpex Corp. | 205,100 | 2,703,639 | (14.2 ) |
J Front Retailing Co. Ltd. | 161,700 | 1,717,201 | (9.0 ) |
Kao Corp. | 11,700 | 515,682 | (2.7 ) |
Komatsu Ltd. | 176,200 | 4,560,987 | (23.9 ) |
Kyowa Kirin Co. Ltd. | 30,900 | 509,286 | (2.7 ) |
Mitsubishi Chemical Group Corp. | 465,300 | 2,510,800 | (13.2 ) |
Mitsubishi UFJ Financial Group, Inc. | 1,375,000 | 14,492,822 | (75.9 ) |
Mizuho Financial Group, Inc. | 374,300 | 7,774,581 | (40.7 ) |
Nippon Yusen KK | 245,100 | 8,205,803 | (43.0 ) |
Obayashi Corp. | 164,700 | 2,019,094 | (10.6 ) |
Ono Pharmaceutical Co. Ltd. | 77,900 | 972,985 | (5.1 ) |
ORIX Corp. | 36,200 | 762,729 | (4.0 ) |
Otsuka Corp. | 65,500 | 1,470,046 | (7.7 ) |
Panasonic Holdings Corp. | 183,700 | 1,511,858 | (7.9 ) |
Rakuten Group, Inc. | 1,480,800 | 8,838,232 | (46.3 ) |
Shimizu Corp. | 803,500 | 5,323,121 | (27.9 ) |
SoftBank Corp. | 12,475,200 | 15,705,061 | (82.3 ) |
Sompo Holdings, Inc. | 9,900 | 212,247 | (1.1 ) |
Sony Group Corp. | 1,324,700 | 23,311,426 | (122.2 ) |
Sumitomo Corp. | 178,100 | 3,757,270 | (19.7 ) |
Sumitomo Mitsui Financial Group, Inc. | 685,800 | 14,548,924 | (76.2 ) |
Tokyo Electron Ltd. | 148,900 | 21,911,074 | (114.8 ) |
Tokyo Tatemono Co. Ltd. | 37,300 | 609,101 | (3.2 ) |
160,486,343 | |||
Luxembourg | |||
Birkenstock Holding Plc | 3 | 138 | (0.0 ) |
Macau | |||
Galaxy Entertainment Group Ltd., Class L | 100,000 | 445,058 | (2.3 ) |
Netherlands | |||
Koninklijke Philips NV | 14,936 | 392,948 | (2.1 ) |
New Zealand | |||
Xero Ltd. | 12,001 | 1,165,964 | (6.1 ) |
Norway | |||
Equinor ASA | 55,327 | 1,314,691 | (6.9 ) |
Puerto Rico | |||
Popular, Inc. | 10,599 | 945,749 | (5.0 ) |
South Korea | |||
Delivery Hero SE | 11,039 | 468,629 | (2.5 ) |
Switzerland | |||
ABB Ltd., Class N, Registered Shares | 92,558 | 5,143,550 | (26.9 ) |
TE Connectivity PLC | 32,174 | 4,743,091 | (24.9 ) |
9,886,641 |
Security | Shares | Value | % of Basket Value |
United Kingdom | |||
B&M European Value Retail SA | 120,948 | $605,102 | (3.1 )% |
Berkeley Group Holdings PLC | 87,829 | 5,011,950 | (26.2 ) |
Hammerson PLC | 1 | 4 | (0.0 ) |
Imperial Brands PLC | 25,126 | 758,253 | (4.0 ) |
Informa PLC | 103,762 | 1,083,987 | (5.7 ) |
J Sainsbury PLC | 820,168 | 2,823,670 | (14.8 ) |
Marks & Spencer Group PLC | 299,006 | 1,450,746 | (7.6 ) |
Smiths Group PLC | 183,504 | 3,621,054 | (19.0 ) |
Tesco PLC | 2,492,555 | 11,006,307 | (57.7 ) |
26,361,073 | |||
United States | |||
Adobe, Inc. | 33,733 | 16,127,073 | (84.5 ) |
AECOM | 63,949 | 6,829,753 | (35.8 ) |
Alaska Air Group, Inc. | 86,364 | 4,137,699 | (21.7 ) |
Alkermes PLC | 41,192 | 1,058,634 | (5.5 ) |
Allegion plc | 17,683 | 2,469,077 | (12.9 ) |
Amazon.com, Inc. | 32,863 | 6,125,663 | (32.1 ) |
AMETEK, Inc. | 8,786 | 1,610,825 | (8.4 ) |
Amphenol Corp., Class A | 8,940 | 599,159 | (3.1 ) |
Applied Materials, Inc. | 3,617 | 656,775 | (3.4 ) |
AutoNation, Inc. | 24,760 | 3,849,437 | (20.2 ) |
BioMarin Pharmaceutical, Inc. | 36,266 | 2,389,567 | (12.5 ) |
Boise Cascade Co. | 21,430 | 2,850,833 | (14.9 ) |
Box, Inc., Class A | 57,349 | 1,821,404 | (9.5 ) |
Bright Horizons Family Solutions, Inc. | 17,041 | 2,274,462 | (11.9 ) |
Bristol-Myers Squibb Co. | 8,027 | 447,666 | (2.3 ) |
Builders FirstSource, Inc. | 18,610 | 3,189,754 | (16.7 ) |
CACI International, Inc., Class A | 14,585 | 8,059,088 | (42.2 ) |
Camden Property Trust | 56,466 | 6,538,198 | (34.3 ) |
Citizens Financial Group, Inc. | 240,996 | 10,150,752 | (53.2 ) |
Comfort Systems USA, Inc. | 3,504 | 1,370,204 | (7.2 ) |
Devon Energy Corp. | 165,297 | 6,393,688 | (33.5 ) |
Donaldson Co., Inc. | 53,925 | 3,945,153 | (20.7 ) |
Eagle Materials, Inc. | 4,717 | 1,346,515 | (7.1 ) |
Eaton Corp PLC | 46,753 | 15,502,360 | (81.2 ) |
Ecolab, Inc. | 22,629 | 5,560,624 | (29.1 ) |
Elanco Animal Health, Inc. | 135,255 | 1,709,623 | (9.0 ) |
EMCOR Group, Inc. | 15,545 | 6,934,158 | (36.3 ) |
EOG Resources, Inc. | 31,754 | 3,872,718 | (20.3 ) |
Etsy, Inc. | 53,318 | 2,742,678 | (14.4 ) |
Exelixis, Inc. | 53,244 | 1,767,701 | (9.3 ) |
Experian PLC | 60,532 | 2,954,313 | (15.5 ) |
Flex Ltd. | 119,236 | 4,133,912 | (21.7 ) |
Flowserve Corp. | 48,862 | 2,572,096 | (13.5 ) |
Fluor Corp. | 16,884 | 882,696 | (4.6 ) |
Fox Corp., Class A | 192,474 | 8,083,908 | (42.4 ) |
Hasbro, Inc. | 9,247 | 606,881 | (3.2 ) |
HEICO Corp. | 91,941 | 22,520,948 | (118.0 ) |
HEICO Corp., Class A | 12,324 | 2,366,331 | (12.4 ) |
Hologic, Inc. | 59,769 | 4,833,519 | (25.3 ) |
IDEXX Laboratories, Inc. | 7,637 | 3,107,648 | (16.3 ) |
Illumina, Inc. | 157,758 | 22,739,238 | (119.2 ) |
Incyte Corp. | 18,017 | 1,335,420 | (7.0 ) |
Ingredion, Inc. | 21,597 | 2,867,218 | (15.0 ) |
Intel Corp. | 284,749 | 6,127,798 | (32.1 ) |
Invesco Ltd. | 402,745 | 6,983,598 | (36.6 ) |
Ionis Pharmaceuticals, Inc. | 59,429 | 2,281,479 | (12.0 ) |
KeyCorp | 208,737 | 3,600,713 | (18.9 ) |
Lamar Advertising Co., Class A | 26,367 | 3,480,444 | (18.2 ) |
Lear Corp. | 39,819 | 3,813,067 | (20.0 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Liberty Media Corp-Liberty Formula One, Class C | 2,008 | $160,319 | (0.8 )% |
Light & Wonder, Inc., Class A | 7,508 | 704,100 | (3.7 ) |
Merit Medical Systems, Inc. | 27,015 | 2,665,300 | (14.0 ) |
Mettler-Toledo International, Inc. | 2,602 | 3,361,133 | (17.6 ) |
MGIC Investment Corp. | 255,549 | 6,398,947 | (33.5 ) |
MGM Resorts International | 41,323 | 1,523,579 | (8.0 ) |
Microsoft Corp. | 13,047 | 5,301,648 | (27.8 ) |
Mohawk Industries, Inc. | 6,353 | 853,017 | (4.5 ) |
Molina Healthcare, Inc. | 4,317 | 1,386,707 | (7.3 ) |
Neurocrine Biosciences, Inc. | 6,972 | 838,522 | (4.4 ) |
Nutanix, Inc., Class A | 26,191 | 1,626,461 | (8.5 ) |
NVR, Inc. | 192 | 1,757,340 | (9.2 ) |
Oshkosh Corp. | 159,672 | 16,324,865 | (85.5 ) |
Paramount Global, Class B | 357,054 | 3,906,171 | (20.5 ) |
Parker-Hannifin Corp. | 931 | 590,319 | (3.1 ) |
Pegasystems, Inc. | 20,975 | 1,666,254 | (8.7 ) |
Penske Automotive Group, Inc. | 24,336 | 3,664,272 | (19.2 ) |
Philip Morris International, Inc. | 8,461 | 1,122,775 | (5.9 ) |
Post Holdings, Inc. | 39,972 | 4,365,342 | (22.9 ) |
Primo Water Corp. | 13,224 | 347,233 | (1.8 ) |
PVH Corp. | 53,439 | 5,261,604 | (27.6 ) |
QIAGEN NV | 156,409 | 6,584,819 | (34.5 ) |
Qualys, Inc. | 22,818 | 2,720,818 | (14.3 ) |
Reinsurance Group of America, Inc. | 15,411 | 3,252,954 | (17.0 ) |
ResMed, Inc. | 92,477 | 22,422,898 | (117.5 ) |
Roche Holding AG | 4,658 | 1,583,079 | (8.3 ) |
Sarepta Therapeutics, Inc. | 10,020 | 1,262,520 | (6.6 ) |
Skyworks Solutions, Inc. | 1,366 | 119,634 | (0.6 ) |
STERIS PLC | 4,830 | 1,071,536 | (5.6 ) |
Stryker Corp. | 3,470 | 1,236,292 | (6.5 ) |
Teradyne, Inc. | 12,098 | 1,284,929 | (6.7 ) |
Trex Co., Inc. | 26,923 | 1,907,495 | (10.0 ) |
UGI Corp. | 159,076 | 3,803,507 | (19.9 ) |
United Airlines Holdings, Inc. | 171,590 | 13,428,633 | (70.4 ) |
United Parcel Service, Inc., Class B | 166,836 | 22,366,034 | (117.2 ) |
United Therapeutics Corp. | 5,465 | 2,043,746 | (10.7 ) |
Veralto Corp. | 233,088 | 23,819,263 | (124.8 ) |
VeriSign, Inc. | 35,799 | 6,330,695 | (33.2 ) |
Visa, Inc., Class A | 6,073 | 1,760,259 | (9.2 ) |
Westinghouse Air Brake Technologies Corp. | 9,719 | 1,826,978 | (9.6 ) |
Westlake Corp. | 27,762 | 3,662,918 | (19.2 ) |
Zoetis, Inc., Class A | 20,893 | 3,735,251 | (19.6 ) |
427,672,634 | |||
Total Reference Entity — Long | 712,924,112 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
ANZ Group Holdings Ltd. | (211,358 ) | (4,307,583 ) | 22.6 |
Endeavour Group Ltd./Australia | (614,642 ) | (1,890,708 ) | 9.9 |
Fortescue Ltd. | (9,539 ) | (119,455 ) | 0.6 |
Mirvac Group | (588,318 ) | (822,431 ) | 4.3 |
National Australia Bank Ltd. | (259,438 ) | (6,575,487 ) | 34.5 |
SEEK Ltd. | (54,167 ) | (880,008 ) | 4.6 |
(14,595,672 ) | |||
Belgium | |||
Elia Group SA/NV | (3,958 ) | (376,627 ) | 2.0 |
Security | Shares | Value | % of Basket Value |
Bermuda | |||
RenaissanceRe Holdings Ltd. | (10,160 ) | $(2,665,984 ) | 14.0 % |
Canada | |||
Parkland Corp. | (26,658 ) | (620,332 ) | 3.3 |
Quebecor, Inc., Class B | (31,424 ) | (782,469 ) | 4.1 |
(1,402,801 ) | |||
Denmark | |||
Carlsberg A/S, Class B | (2,358 ) | (260,591 ) | 1.4 |
Coloplast A/S, Class B | (17,387 ) | (2,177,732 ) | 11.4 |
(2,438,323 ) | |||
Finland | |||
Kesko OYJ, Class B | (45,899 ) | (985,828 ) | 5.2 |
Neste OYJ | (24,331 ) | (390,659 ) | 2.0 |
(1,376,487 ) | |||
Germany | |||
Commerzbank AG | (117,431 ) | (2,082,711 ) | 10.9 |
Siemens Healthineers AG | (32,862 ) | (1,715,543 ) | 9.0 |
(3,798,254 ) | |||
Hong Kong | |||
Power Assets Holdings Ltd. | (3,000 ) | (19,984 ) | 0.1 |
Israel | |||
Global-e Online Ltd. | (16,759 ) | (644,216 ) | 3.4 |
Mobileye Global, Inc., Class A | (40,749 ) | (554,594 ) | 2.9 |
Oddity Tech Ltd., Class A | (10,571 ) | (405,821 ) | 2.1 |
(1,604,631 ) | |||
Italy | |||
DiaSorin SpA | (1,098 ) | (119,255 ) | 0.6 |
Eni SpA | (24,161 ) | (368,049 ) | 1.9 |
Iveco Group NV | (93,485 ) | (971,477 ) | 5.1 |
Leonardo SpA | (14,334 ) | (341,662 ) | 1.8 |
Nexi SpA | (165,946 ) | (1,048,910 ) | 5.5 |
(2,849,353 ) | |||
Japan | |||
Central Japan Railway Co. | (156,800 ) | (3,247,206 ) | 17.0 |
Denso Corp. | (71,200 ) | (1,011,289 ) | 5.3 |
East Japan Railway Co. | (57,300 ) | (1,150,889 ) | 6.0 |
Hikari Tsushin, Inc. | (6,400 ) | (1,291,726 ) | 6.8 |
Hoya Corp. | (16,900 ) | (2,261,118 ) | 11.9 |
Japan Exchange Group, Inc. | (87,000 ) | (1,019,732 ) | 5.3 |
Japan Real Estate Investment Corp. | (67 ) | (243,709 ) | 1.3 |
Keisei Electric Railway Co. Ltd. | (1,000 ) | (26,018 ) | 0.1 |
Kikkoman Corp. | (108,200 ) | (1,269,483 ) | 6.7 |
Konami Group Corp. | (71,000 ) | (6,507,848 ) | 34.1 |
Kyushu Railway Co. | (5,800 ) | (152,601 ) | 0.8 |
Lasertec Corp. | (93,700 ) | (12,714,684 ) | 66.6 |
MatsukiyoCocokara & Co. | (13,100 ) | (178,352 ) | 0.9 |
Nippon Building Fund, Inc. | (7,544 ) | (6,479,479 ) | 34.0 |
Nippon Sanso Holdings Corp. | (9,400 ) | (326,293 ) | 1.7 |
Rakus Co. Ltd. | (7,700 ) | (102,959 ) | 0.5 |
Rakuten Bank Ltd. | (2,000 ) | (40,549 ) | 0.2 |
Ricoh Co. Ltd. | (80,700 ) | (874,197 ) | 4.6 |
Rohto Pharmaceutical Co. Ltd. | (23,600 ) | (530,702 ) | 2.8 |
Ryohin Keikaku Co. Ltd. | (4,200 ) | (68,733 ) | 0.4 |
Sanrio Co. Ltd. | (74,500 ) | (2,021,104 ) | 10.6 |
Secom Co. Ltd. | (3,400 ) | (120,914 ) | 0.6 |
Sega Sammy Holdings, Inc. | (44,600 ) | (839,333 ) | 4.4 |
SG Holdings Co. Ltd. | (5,700 ) | (57,162 ) | 0.3 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Shimano, Inc. | (2,331 ) | $(342,446 ) | 1.8 % |
Shinko Electric Industries Co. Ltd. | (101,500 ) | (3,629,781 ) | 19.0 |
SUMCO Corp. | (61,900 ) | (591,852 ) | 3.1 |
Sumitomo Forestry Co. Ltd. | (29,600 ) | (1,140,306 ) | 6.0 |
Sumitomo Realty & Development Co. Ltd. | (4,100 ) | (121,621 ) | 0.6 |
Tohoku Electric Power Co., Inc. | (14,100 ) | (138,305 ) | 0.7 |
TOPPAN Holdings, Inc. | (52,200 ) | (1,526,915 ) | 8.0 |
Visional, Inc. | (1,300 ) | (69,562 ) | 0.4 |
(50,096,868 ) | |||
Netherlands | |||
Adyen NV | (546 ) | (834,102 ) | 4.4 |
Heineken Holding NV | (7,691 ) | (532,895 ) | 2.8 |
IMCD NV | (7,117 ) | (1,131,539 ) | 5.9 |
JDE Peet’s NV | (34,909 ) | (788,122 ) | 4.1 |
(3,286,658 ) | |||
New Zealand | |||
Auckland International Airport Ltd. | (164,652 ) | (718,412 ) | 3.8 |
Fisher & Paykel Healthcare Corp. Ltd., Class C | (67,797 ) | (1,452,964 ) | 7.6 |
Mercury NZ Ltd. | (78,380 ) | (308,510 ) | 1.6 |
(2,479,886 ) | |||
Norway | |||
Orkla ASA | (27,228 ) | (251,547 ) | 1.3 |
Singapore | |||
Oversea-Chinese Banking Corp. Ltd. | (166,900 ) | (1,914,861 ) | 10.0 |
Spain | |||
Amadeus IT Group SA | (42,974 ) | (3,115,325 ) | 16.3 |
Repsol SA | (31,154 ) | (389,997 ) | 2.1 |
(3,505,322 ) | |||
Sweden | |||
Castellum AB | (8,154 ) | (102,110 ) | 0.5 |
Epiroc AB, Class A | (287,162 ) | (5,608,358 ) | 29.4 |
Epiroc AB, Class B | (79,792 ) | (1,374,578 ) | 7.2 |
Evolution Ab | (2,366 ) | (223,698 ) | 1.2 |
Getinge AB, Class B | (18,601 ) | (329,064 ) | 1.7 |
Investment AB Latour, Class B | (3,006 ) | (82,971 ) | 0.4 |
Lifco AB, Class B | (5,948 ) | (177,476 ) | 0.9 |
Skandinaviska Enskilda Banken AB, Class A | (127,692 ) | (1,803,427 ) | 9.5 |
(9,701,682 ) | |||
Switzerland | |||
Baloise Holding AG, Class N, Registered Shares | (11,257 ) | (2,154,357 ) | 11.3 |
EMS-Chemie Holding AG, Registered Shares | (1,981 ) | (1,523,507 ) | 8.0 |
Julius Baer Group Ltd., Class N | (148,862 ) | (9,076,349 ) | 47.6 |
Swatch Group AG | (3,177 ) | (651,930 ) | 3.4 |
Swiss Life Holding AG, Class N, Registered Shares | (5,135 ) | (4,181,428 ) | 21.9 |
Swisscom AG, Class N, Registered Shares | (6,398 ) | (3,898,180 ) | 20.4 |
Temenos AG, Registered Shares | (129 ) | (8,935 ) | 0.0 |
(21,494,686 ) | |||
United Kingdom | |||
Barclays PLC | (392,656 ) | (1,203,688 ) | 6.3 |
Diageo PLC | (250,794 ) | (7,744,962 ) | 40.6 |
JD Sports Fashion PLC | (918,585 ) | (1,472,938 ) | 7.7 |
Lloyds Banking Group PLC | (8,297,608 ) | (5,695,482 ) | 29.8 |
London Stock Exchange Group PLC | (46,569 ) | (6,311,769 ) | 33.1 |
Reckitt Benckiser Group PLC | (20,732 ) | (1,257,687 ) | 6.6 |
Rentokil Initial PLC | (760,146 ) | (3,812,719 ) | 20.0 |
Security | Shares | Value | % of Basket Value |
United Kingdom (continued) | |||
Segro PLC | (115,462 ) | $(1,169,905 ) | 6.1 % |
Severn Trent PLC | (372,515 ) | (12,323,616 ) | 64.6 |
Wise PLC, Class A | (139,292 ) | (1,270,503 ) | 6.7 |
(42,263,269 ) | |||
United States | |||
Advanced Micro Devices, Inc. | (39,929 ) | (5,752,571 ) | 30.1 |
Aflac, Inc. | (151,811 ) | (15,908,275 ) | 83.4 |
Air Lease Corp., Class A | (40,598 ) | (1,800,521 ) | 9.4 |
Air Products and Chemicals, Inc. | (87,442 ) | (27,153,364 ) | 142.3 |
Alight, Inc., Class A | (976,808 ) | (6,769,279 ) | 35.5 |
Alliant Energy Corp. | (128,218 ) | (7,693,080 ) | 40.3 |
Antero Midstream Corp. | (148,788 ) | (2,138,084 ) | 11.2 |
Antero Resources Corp. | (379,933 ) | (9,832,666 ) | 51.5 |
Apollo Global Management, Inc. | (15,407 ) | (2,207,207 ) | 11.6 |
Aspen Technology, Inc. | (16,618 ) | (3,900,743 ) | 20.4 |
AST SpaceMobile, Inc., Class A | (25,721 ) | (612,417 ) | 3.2 |
ATI, Inc. | (20,182 ) | (1,063,793 ) | 5.6 |
Boeing Co. | (289,110 ) | (43,167,014 ) | 226.2 |
Casey’s General Stores, Inc. | (21,525 ) | (8,481,280 ) | 44.4 |
Cava Group, Inc. | (169,661 ) | (22,659,923 ) | 118.7 |
Celanese Corp., Class A | (33,751 ) | (4,251,613 ) | 22.3 |
Celsius Holdings, Inc. | (522,922 ) | (15,729,494 ) | 82.4 |
CenterPoint Energy, Inc. | (800,390 ) | (23,635,517 ) | 123.9 |
Churchill Downs, Inc. | (5,975 ) | (837,098 ) | 4.4 |
Civitas Resources, Inc. | (89,807 ) | (4,381,684 ) | 23.0 |
Cognizant Technology Solutions Corp., Class A | (23,808 ) | (1,775,839 ) | 9.3 |
Coherent Corp. | (76,836 ) | (7,102,720 ) | 37.2 |
Constellation Energy Corp. | (32,749 ) | (8,611,677 ) | 45.1 |
CoStar Group, Inc. | (25,852 ) | (1,881,767 ) | 9.9 |
Coty, Inc., Class A | (242,379 ) | (1,803,300 ) | 9.5 |
Crane Co. | (6,183 ) | (972,462 ) | 5.1 |
Credo Technology Group Holding Ltd. | (274,644 ) | (10,354,079 ) | 54.3 |
CVS Health Corp. | (88,575 ) | (5,000,944 ) | 26.2 |
Diamondback Energy, Inc. | (54,251 ) | (9,589,949 ) | 50.3 |
Doximity, Inc., Class A | (19,264 ) | (804,079 ) | 4.2 |
Duolingo, Inc., Class A | (3,795 ) | (1,111,821 ) | 5.8 |
Ensign Group, Inc. | (16,527 ) | (2,561,520 ) | 13.4 |
Erie Indemnity Co., Class A | (1,782 ) | (799,833 ) | 4.2 |
Exxon Mobil Corp. | (57,268 ) | (6,687,757 ) | 35.0 |
F&G Annuities & Life, Inc. | (1 ) | (40 ) | 0.0 |
First Citizens BancShares, Inc., Class A | (14,814 ) | (28,699,903 ) | 150.4 |
Fiserv, Inc. | (13,679 ) | (2,707,074 ) | 14.2 |
GE HealthCare Technologies, Inc. | (2,033 ) | (177,583 ) | 0.9 |
GE Vernova, Inc. | (39,327 ) | (11,863,383 ) | 62.2 |
Howmet Aerospace, Inc. | (7,790 ) | (776,819 ) | 4.1 |
Humana, Inc. | (18,962 ) | (4,888,972 ) | 25.6 |
Ingersoll Rand, Inc. | (160,183 ) | (15,377,568 ) | 80.6 |
Intra-Cellular Therapies, Inc. | (16,920 ) | (1,433,970 ) | 7.5 |
J M Smucker Co. | (1,070 ) | (121,456 ) | 0.6 |
Keurig Dr. Pepper, Inc. | (47,768 ) | (1,573,956 ) | 8.2 |
KKR & Co., Inc., Class A | (110,366 ) | (15,256,996 ) | 79.9 |
Kraft Heinz Co. | (1,253,277 ) | (41,934,648 ) | 219.7 |
Lantheus Holdings, Inc. | (56,584 ) | (6,215,187 ) | 32.6 |
Las Vegas Sands Corp. | (124,744 ) | (6,467,976 ) | 33.9 |
Lithia Motors, Inc., Class A | (8,306 ) | (2,760,665 ) | 14.5 |
LKQ Corp. | (7,192 ) | (264,594 ) | 1.4 |
Macy’s, Inc. | (41,457 ) | (635,950 ) | 3.3 |
MarketAxess Holdings, Inc. | (2,612 ) | (755,965 ) | 4.0 |
Matador Resources Co. | (23,067 ) | (1,202,021 ) | 6.3 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
MetLife, Inc. | (17,809 ) | $(1,396,582 ) | 7.3 % |
MongoDB, Inc., Class A | (32,263 ) | (8,723,915 ) | 45.7 |
Mueller Industries, Inc. | (12,646 ) | (1,036,593 ) | 5.4 |
National Storage Affiliates Trust | (73,122 ) | (3,082,092 ) | 16.2 |
NiSource, Inc. | (82,594 ) | (2,904,005 ) | 15.2 |
Nordson Corp. | (16,212 ) | (4,018,793 ) | 21.1 |
ONEOK, Inc. | (265,980 ) | (25,768,142 ) | 135.0 |
Onto Innovation, Inc. | (3,909 ) | (775,272 ) | 4.1 |
Pinnacle Financial Partners, Inc. | (5,514 ) | (581,451 ) | 3.0 |
Prudential Financial, Inc. | (60,420 ) | (7,400,242 ) | 38.8 |
PTC, Inc. | (4,852 ) | (899,221 ) | 4.7 |
Range Resources Corp. | (31,472 ) | (945,104 ) | 5.0 |
Raymond James Financial, Inc. | (2,140 ) | (317,191 ) | 1.7 |
Regal Rexnord Corp. | (61,555 ) | (10,251,370 ) | 53.7 |
Robinhood Markets, Inc., Class A | (140,692 ) | (3,304,855 ) | 17.3 |
Rocket Cos, Inc., Class A | (154,362 ) | (2,485,228 ) | 13.0 |
Rubrik, Inc., Class A | (10,811 ) | (446,062 ) | 2.3 |
Sensata Technologies Holding PLC | (58,620 ) | (2,013,011 ) | 10.6 |
SentinelOne, Inc., Class A | (15,716 ) | (405,316 ) | 2.1 |
SharkNinja, Inc. | (6,098 ) | (562,297 ) | 2.9 |
SoFi Technologies, Inc. | (93,862 ) | (1,048,439 ) | 5.5 |
STAG Industrial, Inc. | (31,698 ) | (1,181,701 ) | 6.2 |
Symbotic, Inc., Class A | (186,718 ) | (5,188,893 ) | 27.2 |
Synchrony Financial | (387,744 ) | (21,380,204 ) | 112.0 |
Tesla, Inc. | (36,637 ) | (9,153,754 ) | 48.0 |
Texas Pacific Land Corp. | (19,273 ) | (22,472,318 ) | 117.8 |
TKO Group Holdings, Inc., Class A | (12,823 ) | (1,497,342 ) | 7.8 |
Valaris Ltd. | (46,310 ) | (2,343,286 ) | 12.3 |
Vaxcyte, Inc. | (2,339 ) | (248,753 ) | 1.3 |
Viking Therapeutics, Inc. | (51,028 ) | (3,701,571 ) | 19.4 |
WEC Energy Group, Inc. | (94,137 ) | (8,992,908 ) | 47.1 |
Wyndham Hotels & Resorts, Inc. | (13,714 ) | (1,211,220 ) | 6.3 |
(565,885,227 ) | |||
Total Reference Entity — Short | (732,008,122 ) | ||
Net Value of Reference Entity — BNP Paribas SA | $(19,084,010 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
Challenger Ltd. | 513,136 | $2,032,299 | (31.6 )% |
Charter Hall Retail REIT | 137,053 | 303,422 | (4.7 ) |
Data#3 Ltd. | 102,215 | 489,683 | (7.6 ) |
Downer EDI Ltd. | 494,034 | 1,810,162 | (28.1 ) |
Insignia Financial Ltd. | 420,876 | 910,956 | (14.2 ) |
McMillan Shakespeare Ltd. | 199,952 | 1,918,777 | (29.8 ) |
Monadelphous Group Ltd. | 240,728 | 1,984,556 | (30.8 ) |
NRW Holdings Ltd. | 272,059 | 685,610 | (10.7 ) |
Premier Investments Ltd. | 9,210 | 202,674 | (3.2 ) |
Security | Shares | Value | % of Basket Value |
Australia (continued) | |||
Ventia Services Group Pty Ltd. | 385,937 | $1,159,087 | (18.0 )% |
WEB Travel Group Ltd. | 351,250 | 922,442 | (14.3 ) |
12,419,668 | |||
Austria | |||
ANDRITZ AG | 22,472 | 1,356,703 | (21.1 ) |
Kontron AG | 12,685 | 213,610 | (3.3 ) |
1,570,313 | |||
Belgium | |||
Fagron | 30,904 | 625,520 | (9.7 ) |
Umicore SA | 146,862 | 1,768,127 | (27.5 ) |
2,393,647 | |||
Canada | |||
Canfor Corp. | 22,175 | 264,536 | (4.1 ) |
Centerra Gold, Inc. | 30,763 | 217,408 | (3.4 ) |
Innergex Renewable Energy, Inc. | 155,866 | 1,020,934 | (15.9 ) |
North American Construction Group Ltd. | 5,843 | 113,935 | (1.8 ) |
Obsidian Energy Ltd. | 47,959 | 272,113 | (4.2 ) |
1,888,926 | |||
Finland | |||
Outokumpu OYJ | 733,998 | 2,640,522 | (41.0 ) |
Germany | |||
Auto1 Group SE | 54,614 | 560,456 | (8.7 ) |
Bilfinger SE | 7,480 | 359,541 | (5.6 ) |
Deutsche Pfandbriefbank AG | 164,718 | 935,449 | (14.5 ) |
Deutsche Wohnen SE | 8,042 | 205,453 | (3.2 ) |
Deutz AG | 13,232 | 58,840 | (0.9 ) |
Duerr AG | 16,674 | 386,404 | (6.0 ) |
Grand City Properties SA | 45,859 | 607,829 | (9.5 ) |
HelloFresh SE | 226,746 | 2,511,222 | (39.0 ) |
SAF-Holland SE | 10,837 | 167,638 | (2.6 ) |
TBC Bank Group PLC | 11,773 | 417,469 | (6.5 ) |
6,210,301 | |||
Hong Kong | |||
HK Electric Investments & HK Electric Investments Ltd., Class SS | 2,061,500 | 1,394,709 | (21.7 ) |
Ireland | |||
Greencore Group PLC | 103,776 | 278,333 | (4.3 ) |
Israel | |||
Plus500 Ltd. | 250,667 | 7,569,877 | (117.6 ) |
Italy | |||
Banca IFIS SpA | 14,287 | 342,407 | (5.3 ) |
Credito Emiliano SpA | 13,705 | 147,995 | (2.3 ) |
De’ Longhi SpA | 24,441 | 763,900 | (11.9 ) |
Maire SpA | 14,836 | 111,977 | (1.7 ) |
Pirelli & C SpA | 10,011 | 54,704 | (0.9 ) |
Sesa SpA | 1,202 | 104,388 | (1.6 ) |
Webuild SpA | 355,647 | 1,008,530 | (15.7 ) |
2,533,901 | |||
Japan | |||
77 Bank Ltd. | 53,000 | 1,364,417 | (21.2 ) |
Aisan Industry Co. Ltd. | 33,400 | 295,502 | (4.6 ) |
Alfresa Holdings Corp. | 109,300 | 1,576,986 | (24.5 ) |
Coca-Cola Bottlers Japan Holdings, Inc. | 192,900 | 2,470,818 | (38.4 ) |
Create SD Holdings Co. Ltd. | 15,400 | 302,479 | (4.7 ) |
Daicel Corp. | 33,400 | 294,790 | (4.6 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Daiichikosho Co. Ltd. | 150,300 | $1,878,097 | (29.2 )% |
Doutor Nichires Holdings Co. Ltd. | 32,000 | 469,227 | (7.3 ) |
Earth Corp. | 62,700 | 2,141,975 | (33.3 ) |
Financial Partners Group Co. Ltd. | 15,600 | 239,630 | (3.7 ) |
Fuji Corp/Aichi | 104,500 | 1,537,693 | (23.9 ) |
Fuji Media Holdings, Inc. | 69,100 | 781,136 | (12.1 ) |
Furukawa Electric Co. Ltd. | 150,700 | 3,706,306 | (57.6 ) |
Glory Ltd. | 18,200 | 295,195 | (4.6 ) |
Gunma Bank Ltd. | 897,700 | 5,055,466 | (78.6 ) |
Hanwa Co. Ltd. | 23,300 | 772,008 | (12.0 ) |
Hazama Ando Corp. | 484,700 | 3,580,240 | (55.6 ) |
Heiwa Real Estate Co. Ltd. | 8,100 | 222,483 | (3.5 ) |
Heiwado Co. Ltd. | 24,100 | 347,849 | (5.4 ) |
Hiday Hidaka Corp. | 26,200 | 471,379 | (7.3 ) |
Hyakujushi Bank Ltd. | 58,700 | 974,118 | (15.1 ) |
Inaba Denki Sangyo Co. Ltd. | 6,100 | 152,999 | (2.4 ) |
Industrial & Infrastructure Fund Investment Corp. | 1,325 | 1,000,700 | (15.6 ) |
Itochu Enex Co. Ltd. | 35,600 | 372,627 | (5.8 ) |
Kaken Pharmaceutical Co. Ltd. | 10,500 | 268,306 | (4.2 ) |
Kanamoto Co. Ltd. | 97,300 | 1,758,526 | (27.3 ) |
Kyoritsu Maintenance Co. Ltd. | 74,500 | 1,196,083 | (18.6 ) |
Kyudenko Corp. | 24,300 | 872,380 | (13.6 ) |
Mabuchi Motor Co. Ltd. | 129,100 | 1,847,363 | (28.7 ) |
Maxell Ltd. | 69,600 | 849,641 | (13.2 ) |
MEITEC Group Holdings, Inc. | 156,900 | 3,006,715 | (46.7 ) |
Menicon Co. Ltd. | 100,200 | 1,102,525 | (17.1 ) |
Modec, Inc. | 58,400 | 1,271,623 | (19.8 ) |
Nippon REIT Investment Corp. | 748 | 1,547,525 | (24.0 ) |
Nishimoto Co. Ltd. | 5,700 | 49,119 | (0.8 ) |
Nishi-Nippon Financial Holdings, Inc. | 95,600 | 1,029,574 | (16.0 ) |
Nittetsu Mining Co. Ltd. | 4,000 | 113,858 | (1.8 ) |
NOK Corp. | 58,500 | 838,752 | (13.0 ) |
Nomura Co. Ltd. | 24,100 | 122,118 | (1.9 ) |
Noritz Corp. | 7,600 | 88,063 | (1.4 ) |
NS Solutions Corp. | 250,400 | 6,335,848 | (98.5 ) |
NTN Corp. | 474,600 | 781,946 | (12.2 ) |
Organo Corp. | 46,900 | 2,191,424 | (34.1 ) |
Sanki Engineering Co. Ltd. | 22,500 | 352,693 | (5.5 ) |
Taikisha Ltd. | 14,400 | 458,068 | (7.1 ) |
Takuma Co. Ltd. | 17,500 | 182,595 | (2.8 ) |
Toda Corp. | 238,600 | 1,444,162 | (22.4 ) |
Tokyo Century Corp. | 110,300 | 1,122,165 | (17.4 ) |
Towa Pharmaceutical Co. Ltd. | 5,700 | 116,813 | (1.8 ) |
Toyobo Co. Ltd. | 100,100 | 638,151 | (9.9 ) |
Toyota Boshoku Corp. | 243,900 | 3,255,877 | (50.6 ) |
Tsubakimoto Chain Co. | 41,700 | 525,047 | (8.2 ) |
Uchida Yoko Co. Ltd. | 22,300 | 952,401 | (14.8 ) |
United Arrows Ltd. | 3,800 | 54,139 | (0.8 ) |
UT Group Co. Ltd. | 114,700 | 1,946,178 | (30.2 ) |
Wacom Co. Ltd. | 147,200 | 678,568 | (10.5 ) |
Welcia Holdings Co. Ltd. | 287,500 | 3,589,112 | (55.8 ) |
YAMABIKO Corp. | 13,800 | 224,194 | (3.5 ) |
Yamaichi Electronics Co. Ltd. | 137,500 | 2,297,126 | (35.7 ) |
Yamazen Corp. | 65,400 | 568,089 | (8.8 ) |
Yaoko Co. Ltd. | 8,600 | 522,775 | (8.1 ) |
Yokogawa Bridge Holdings Corp. | 32,500 | 593,076 | (9.2 ) |
75,096,738 |
Security | Shares | Value | % of Basket Value |
Netherlands | |||
Eurocommercial Properties NV | 1,842 | $46,785 | (0.8 )% |
Koninklijke BAM Groep NV | 419,931 | 1,938,153 | (30.1 ) |
1,984,938 | |||
Norway | |||
Elkem ASA | 139,284 | 227,155 | (3.5 ) |
Wallenius Wilhelmsen ASA | 89,155 | 886,411 | (13.8 ) |
1,113,566 | |||
Portugal | |||
Mota-Engil SGPS SA | 386,587 | 1,077,868 | (16.7 ) |
Navigator Co SA | 493,648 | 1,904,140 | (29.6 ) |
2,982,008 | |||
Spain | |||
Indra Sistemas SA | 54,735 | 964,949 | (15.0 ) |
Mapfre SA | 232,318 | 664,107 | (10.3 ) |
1,629,056 | |||
Switzerland | |||
dormakaba Holding AG, Class N | 4,148 | 3,162,982 | (49.2 ) |
EFG International AG, Class N | 217,667 | 2,974,527 | (46.2 ) |
International Workplace Group PLC | 810,224 | 1,674,537 | (26.0 ) |
7,812,046 | |||
United Kingdom | |||
Craneware PLC | 24,418 | 623,419 | (9.7 ) |
Firstgroup PLC | 219,668 | 377,574 | (5.9 ) |
Grainger PLC | 1,391,318 | 4,088,091 | (63.5 ) |
Hilton Food Group PLC | 128,519 | 1,491,470 | (23.2 ) |
Hollywood Bowl Group PLC | 418,850 | 1,763,382 | (27.4 ) |
Jupiter Fund Management PLC | 147,096 | 152,687 | (2.4 ) |
Keller Group PLC | 56,183 | 1,177,579 | (18.3 ) |
Mitchells & Butlers PLC | 11,132 | 35,995 | (0.5 ) |
Mitie Group PLC | 721,880 | 1,082,918 | (16.8 ) |
Morgan Sindall Group PLC | 13,798 | 666,622 | (10.3 ) |
NCC Group PLC | 183,024 | 364,385 | (5.7 ) |
THG PLC | 426,781 | 257,441 | (4.0 ) |
TP ICAP Group PLC | 484,582 | 1,402,776 | (21.8 ) |
Trustpilot Group PLC | 579,551 | 1,853,310 | (28.8 ) |
Workspace Group PLC | 39,642 | 282,674 | (4.4 ) |
15,620,323 | |||
United States | |||
1-800-Flowers.com, Inc., Class A | 39,996 | 332,767 | (5.2 ) |
Accel Entertainment, Inc., Class A | 10,178 | 112,365 | (1.7 ) |
Alarm.com Holdings, Inc. | 168,384 | 8,979,919 | (139.5 ) |
Allient, Inc. | 19,738 | 341,270 | (5.3 ) |
American Eagle Outfitters, Inc. | 106,309 | 2,082,593 | (32.4 ) |
Anywhere Real Estate, Inc. | 97,807 | 377,535 | (5.9 ) |
Apogee Enterprises, Inc. | 12,108 | 906,163 | (14.1 ) |
Armada Hoffler Properties, Inc. | 96,778 | 1,048,106 | (16.3 ) |
ATN International, Inc. | 67,850 | 1,422,136 | (22.1 ) |
AvePoint, Inc., Class A | 97,064 | 1,178,357 | (18.3 ) |
Axcelis Technologies, Inc. | 30,820 | 2,629,254 | (40.9 ) |
Balchem Corp. | 11,360 | 1,900,869 | (29.5 ) |
Beazer Homes USA, Inc. | 27,012 | 830,889 | (12.9 ) |
BlackLine, Inc. | 38,392 | 2,125,765 | (33.0 ) |
Brady Corp., Class A | 155,807 | 11,084,110 | (172.2 ) |
Cal-Maine Foods, Inc. | 830 | 72,857 | (1.1 ) |
Carriage Services, Inc. | 50,715 | 1,896,234 | (29.5 ) |
Carter’s, Inc. | 14,561 | 796,487 | (12.4 ) |
Castle Biosciences, Inc. | 43,522 | 1,508,908 | (23.4 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
CBL & Associates Properties, Inc. | 81,077 | $2,144,487 | (33.3 )% |
ConnectOne Bancorp, Inc. | 26,714 | 647,547 | (10.1 ) |
Corcept Therapeutics, Inc. | 54,967 | 2,691,734 | (41.8 ) |
Coursera, Inc. | 190,135 | 1,321,438 | (20.5 ) |
Cross Country Healthcare, Inc. | 143,198 | 1,633,889 | (25.4 ) |
CrossFirst Bankshares, Inc. | 9,733 | 152,808 | (2.4 ) |
CTO Realty Growth, Inc. | 182,524 | 3,531,839 | (54.9 ) |
Dave & Buster’s Entertainment, Inc. | 154,519 | 5,706,387 | (88.7 ) |
Delek U.S. Holdings, Inc. | 193,715 | 3,035,514 | (47.2 ) |
Deluxe Corp. | 30,419 | 570,660 | (8.9 ) |
Dime Community Bancshares, Inc. | 10,955 | 329,417 | (5.1 ) |
Diodes, Inc. | 60,748 | 3,552,543 | (55.2 ) |
DoubleVerify Holdings, Inc. | 541,736 | 9,236,599 | (143.5 ) |
DXP Enterprises, Inc. | 8,533 | 418,800 | (6.5 ) |
Eagle Bancorp, Inc. | 5,805 | 152,149 | (2.4 ) |
El Pollo Loco Holdings, Inc. | 65,810 | 804,198 | (12.5 ) |
Ethan Allen Interiors, Inc. | 16,686 | 461,702 | (7.2 ) |
G-III Apparel Group Ltd. | 65,921 | 1,996,088 | (31.0 ) |
Global Industrial Co. | 13,270 | 352,053 | (5.5 ) |
GQG Partners, Inc., CDI | 735,258 | 1,334,613 | (20.7 ) |
Gray Television, Inc. | 73,555 | 419,999 | (6.5 ) |
Great Lakes Dredge & Dock Corp. | 212,755 | 2,431,790 | (37.8 ) |
Hackett Group, Inc. | 9,532 | 231,818 | (3.6 ) |
Health Catalyst, Inc. | 79,880 | 620,668 | (9.6 ) |
Healthcare Services Group, Inc. | 20,351 | 223,250 | (3.5 ) |
Heidrick & Struggles International, Inc. | 26,969 | 1,053,409 | (16.4 ) |
Helmerich & Payne, Inc. | 196,080 | 6,588,288 | (102.4 ) |
InterDigital, Inc. | 22,121 | 3,327,883 | (51.7 ) |
IPG Photonics Corp. | 25,466 | 2,061,727 | (32.0 ) |
iRadimed Corp. | 7,818 | 385,193 | (6.0 ) |
Itron, Inc. | 18,757 | 2,096,282 | (32.6 ) |
John B Sanfilippo & Son, Inc. | 32,417 | 2,674,727 | (41.6 ) |
Johnson Outdoors, Inc., Class A | 4,839 | 153,009 | (2.4 ) |
Kennedy-Wilson Holdings, Inc. | 504,475 | 5,392,838 | (83.8 ) |
Kontoor Brands, Inc. | 874 | 74,841 | (1.2 ) |
Logility Supply Chain Solutions, Inc., Class A | 141,867 | 1,496,697 | (23.3 ) |
Marriott Vacations Worldwide Corp. | 6,853 | 527,887 | (8.2 ) |
Mativ Holdings, Inc. | 330,121 | 5,100,369 | (79.3 ) |
MaxLinear, Inc. | 15,283 | 198,220 | (3.1 ) |
MediaAlpha, Inc., Class A | 262,025 | 4,488,488 | (69.8 ) |
Methode Electronics, Inc. | 106,479 | 928,497 | (14.4 ) |
Midland States Bancorp, Inc. | 13,523 | 335,506 | (5.2 ) |
Miller Industries, Inc. | 42,337 | 2,779,001 | (43.2 ) |
MillerKnoll, Inc. | 21,339 | 477,140 | (7.4 ) |
Monarch Casino & Resort, Inc. | 9,212 | 723,234 | (11.2 ) |
OmniAb, Inc. | 12,173 | 49,788 | (0.8 ) |
OraSure Technologies, Inc. | 662,147 | 2,691,627 | (41.8 ) |
Pennant Group, Inc. | 7,644 | 244,379 | (3.8 ) |
PRA Group, Inc. | 22,775 | 459,144 | (7.1 ) |
Prestige Consumer Healthcare, Inc. | 21,902 | 1,615,272 | (25.1 ) |
Primoris Services Corp. | 136,820 | 8,567,668 | (133.1 ) |
Progress Software Corp. | 44,600 | 2,858,414 | (44.4 ) |
QuinStreet, Inc. | 50,668 | 1,064,028 | (16.5 ) |
Rapid7, Inc. | 237,886 | 9,615,352 | (149.4 ) |
Rayonier Advanced Materials, Inc. | 25,196 | 200,560 | (3.1 ) |
REX American Resources Corp. | 6,501 | 290,790 | (4.5 ) |
RHI Magnesita NV | 3,766 | 155,940 | (2.4 ) |
RingCentral, Inc., Class A | 400,204 | 14,411,346 | (223.9 ) |
RPC, Inc. | 118,410 | 672,569 | (10.5 ) |
Rush Street Interactive, Inc., Class A | 485,677 | 5,255,025 | (81.7 ) |
Select Medical Holdings Corp. | 6,273 | 201,238 | (3.1 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Shoe Carnival, Inc. | 14,778 | $506,442 | (7.9 )% |
SI-BONE, Inc. | 37,997 | 524,359 | (8.2 ) |
Southside Bancshares, Inc. | 2,196 | 71,150 | (1.1 ) |
STAAR Surgical Co. | 50,899 | 1,475,562 | (22.9 ) |
Standard Motor Products, Inc. | 17,672 | 568,862 | (8.8 ) |
Steelcase, Inc., Class A | 556,624 | 6,696,187 | (104.1 ) |
Sterling Infrastructure, Inc. | 50,471 | 7,795,246 | (121.1 ) |
Stratasys Ltd. | 121,901 | 871,592 | (13.5 ) |
Stride, Inc. | 77,371 | 7,217,167 | (112.2 ) |
Theravance Biopharma, Inc. | 199,344 | 1,642,595 | (25.5 ) |
Tiptree, Inc. | 34,855 | 711,390 | (11.1 ) |
Tri Pointe Homes, Inc. | 276,513 | 11,179,421 | (173.7 ) |
TTM Technologies, Inc. | 49,126 | 1,102,387 | (17.1 ) |
United Natural Foods, Inc. | 40,607 | 825,946 | (12.8 ) |
Universal Corp. | 31,726 | 1,615,488 | (25.1 ) |
Universal Insurance Holdings, Inc. | 62,874 | 1,253,708 | (19.5 ) |
Univest Financial Corp. | 5,648 | 157,184 | (2.4 ) |
Upwork, Inc. | 76,625 | 1,039,035 | (16.1 ) |
Urban Edge Properties | 2,762 | 61,427 | (1.0 ) |
Verint Systems, Inc. | 241,692 | 5,148,040 | (80.0 ) |
Viad Corp. | 14,185 | 531,086 | (8.3 ) |
Vital Farms, Inc. | 16,195 | 561,643 | (8.7 ) |
Yext, Inc. | 23,002 | 166,534 | (2.6 ) |
224,567,401 | |||
Rights | |||
Italy | |||
Sesa SpA, (Expires 12/12/24, Strike Price EUR, 110.20) | 1,202 | — | 0.0 |
Total Reference Entity — Long | 369,706,273 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Amotiv Ltd. | (54,843 ) | (381,718 ) | 5.9 |
Ansell Ltd. | (321,265 ) | (6,532,843 ) | 101.5 |
Atlas Arteria Ltd. | (646,394 ) | (2,069,252 ) | 32.2 |
Bapcor Ltd. | (1,033,774 ) | (3,097,509 ) | 48.1 |
De Grey Mining Ltd. | (4,562,793 ) | (4,542,143 ) | 70.6 |
Gold Road Resources Ltd. | (2,226,215 ) | (2,903,591 ) | 45.1 |
Iluka Resources Ltd. | (230,923 ) | (887,490 ) | 13.8 |
Orora Ltd. | (585,035 ) | (924,678 ) | 14.4 |
Qube Holdings Ltd. | (205,662 ) | (501,600 ) | 7.8 |
Region RE Ltd. | (96,954 ) | (139,420 ) | 2.2 |
Stanmore Resources Ltd. | (66,424 ) | (136,296 ) | 2.1 |
Steadfast Group Ltd. | (295,253 ) | (1,063,340 ) | 16.5 |
(23,179,880 ) | |||
Belgium | |||
Ackermans & van Haaren NV | (24,278 ) | (4,944,267 ) | 76.8 |
Brazil | |||
Karoon Energy Ltd. | (2,072,155 ) | (1,888,838 ) | 29.4 |
Canada | |||
Algoma Steel Group, Inc. | (80,571 ) | (836,177 ) | 13.0 |
Boralex, Inc., Class A | (10,016 ) | (240,770 ) | 3.7 |
Choice Properties Real Estate Investment Trust | (61,076 ) | (622,011 ) | 9.7 |
EQB, Inc. | (19,898 ) | (1,526,559 ) | 23.7 |
Filo Corp. | (82,291 ) | (1,896,000 ) | 29.5 |
First National Financial Corp. | (3,588 ) | (104,624 ) | 1.6 |
Jamieson Wellness, Inc. | (68,459 ) | (1,630,901 ) | 25.4 |
Security | Shares | Value | % of Basket Value |
Canada (continued) | |||
Skeena Resources Ltd. | (11,207 ) | $(108,903 ) | 1.7 % |
Spin Master Corp. | (35,315 ) | (747,465 ) | 11.6 |
Superior Plus Corp. | (806,546 ) | (3,823,179 ) | 59.4 |
Winpak Ltd. | (11,214 ) | (399,559 ) | 6.2 |
(11,936,148 ) | |||
China | |||
indie Semiconductor, Inc., Class A | (47,762 ) | (158,092 ) | 2.5 |
Denmark | |||
FLSmidth & Co A/S, Class B | (22,884 ) | (1,197,999 ) | 18.6 |
ISS A/S | (170,217 ) | (3,289,891 ) | 51.1 |
Jyske Bank A/S, Registered Shares | (40,279 ) | (2,825,605 ) | 43.9 |
Netcompany Group A/S | (95,735 ) | (4,569,366 ) | 71.0 |
Ringkjoebing Landbobank A/S | (3,944 ) | (652,318 ) | 10.1 |
Royal Unibrew A/S | (16,865 ) | (1,268,786 ) | 19.7 |
Scandinavian Tobacco Group A/S, Class A | (10,027 ) | (150,601 ) | 2.4 |
(13,954,566 ) | |||
Finland | |||
Mandatum Oyj | (12,259 ) | (56,611 ) | 0.9 |
QT Group Oyj | (18,502 ) | (1,409,497 ) | 21.9 |
(1,466,108 ) | |||
Germany | |||
Aurubis AG | (12,338 ) | (970,228 ) | 15.1 |
Orion SA | (20,095 ) | (301,224 ) | 4.7 |
Schott Pharma AG & Co. KGaA | (2,220 ) | (71,768 ) | 1.1 |
Sirius Real Estate Ltd. | (789,474 ) | (909,063 ) | 14.1 |
Sixt SE | (12,135 ) | (961,186 ) | 14.9 |
Thyssenkrupp Nucera AG & Co. KGaa | (118,721 ) | (1,228,672 ) | 19.1 |
(4,442,141 ) | |||
Ghana | |||
Tullow Oil PLC | (51,852 ) | (15,873 ) | 0.3 |
Ireland | |||
Dalata Hotel Group PLC | (153,207 ) | (718,607 ) | 11.2 |
Glanbia PLC | (9,164 ) | (152,014 ) | 2.3 |
(870,621 ) | |||
Israel | |||
OPC Energy Ltd. | (5,687 ) | (46,052 ) | 0.7 |
Italy | |||
Carel Industries SpA | (28,043 ) | (576,521 ) | 8.9 |
Ermenegildo Zegna NV | (98,131 ) | (745,795 ) | 11.6 |
Eurogroup Laminations SpA | (13,321 ) | (49,709 ) | 0.8 |
Technoprobe SpA | (29,612 ) | (201,073 ) | 3.1 |
(1,573,098 ) | |||
Japan | |||
Ain Holdings, Inc. | (89,300 ) | (2,949,118 ) | 45.8 |
Anycolor, Inc. | (11,900 ) | (168,045 ) | 2.6 |
Aozora Bank Ltd. | (25,000 ) | (431,004 ) | 6.7 |
Ariake Japan Co. Ltd. | (7,700 ) | (290,731 ) | 4.5 |
Asahi Yukizai Corp. | (4,500 ) | (120,055 ) | 1.9 |
Bank of Nagoya Ltd. | (1,600 ) | (62,649 ) | 1.0 |
Base Co. Ltd. | (5,100 ) | (98,394 ) | 1.5 |
CRE Logistics REIT, Inc. | (1,388 ) | (1,269,711 ) | 19.7 |
Daiei Kankyo Co. Ltd. | (2,800 ) | (57,753 ) | 0.9 |
Descente Ltd. | (38,600 ) | (1,093,359 ) | 17.0 |
Enplas Corp. | (6,800 ) | (301,764 ) | 4.7 |
Fancl Corp. | (90,212 ) | (1,651,988 ) | 25.7 |
First Bank of Toyama Ltd. | (31,400 ) | (227,387 ) | 3.5 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
FP Partner, Inc. | (9,800 ) | $(187,484 ) | 2.9 % |
Freee KK | (3,700 ) | (69,047 ) | 1.1 |
Frontier Real Estate Investment Corp | (198 ) | (525,795 ) | 8.2 |
Furuya Metal Co. Ltd. | (28,600 ) | (742,569 ) | 11.5 |
Godo Steel, Ltd. | (7,800 ) | (198,715 ) | 3.1 |
GS Yuasa Corp. | (264,700 ) | (4,683,017 ) | 72.8 |
Hogy Medical Co. Ltd. | (10,700 ) | (319,545 ) | 5.0 |
Hokkaido Electric Power Co., Inc. | (994,400 ) | (6,396,960 ) | 99.4 |
Insource Co. Ltd. | (299,100 ) | (1,874,378 ) | 29.1 |
Iwatani Corp. | (52,800 ) | (688,301 ) | 10.7 |
JVCKenwood Corp. | (120,600 ) | (948,486 ) | 14.7 |
Kanto Denka Kogyo Co. Ltd. | (44,700 ) | (284,251 ) | 4.4 |
KeePer Technical Laboratory Co. Ltd. | (10,300 ) | (282,887 ) | 4.4 |
Keihan Holdings Co. Ltd. | (105,600 ) | (1,971,258 ) | 30.6 |
Koei Tecmo Holdings Co. Ltd. | (67,800 ) | (709,546 ) | 11.0 |
Kotobuki Spirits Co. Ltd. | (200 ) | (2,701 ) | 0.1 |
Kumiai Chemical Industry Co. Ltd. | (1,300 ) | (6,920 ) | 0.1 |
Lion Corp. | (8,400 ) | (92,768 ) | 1.5 |
Mars Group Holdings Corp. | (14,100 ) | (290,152 ) | 4.5 |
Mitsui E&S Co. Ltd. | (125,700 ) | (909,341 ) | 14.1 |
Miura Co. Ltd. | (5,200 ) | (121,424 ) | 1.9 |
Mizuno Corp. | (1,200 ) | (63,693 ) | 1.0 |
Money Forward, Inc. | (83,000 ) | (2,707,923 ) | 42.1 |
Namura Shipbuilding Co. Ltd. | (113,600 ) | (1,170,820 ) | 18.2 |
Open House Group Co. Ltd. | (28,000 ) | (1,032,118 ) | 16.0 |
Raysum Co. Ltd. | (18,800 ) | (721,264 ) | 11.2 |
RENOVA, Inc. | (26,200 ) | (148,463 ) | 2.3 |
Senshu Ikeda Holdings, Inc. | (10,700 ) | (23,724 ) | 0.4 |
Shochiku Co. Ltd. | (9,000 ) | (650,840 ) | 10.1 |
Simplex Holdings, Inc. | (136,000 ) | (2,205,536 ) | 34.3 |
Taiheiyo Cement Corp. | (71,900 ) | (1,566,362 ) | 24.3 |
THK Co. Ltd. | (30,800 ) | (508,491 ) | 7.9 |
Tokai Carbon Co. Ltd. | (538,700 ) | (3,040,663 ) | 47.3 |
Topcon Corp. | (123,600 ) | (1,254,758 ) | 19.5 |
Topre Corp. | (2,800 ) | (32,254 ) | 0.5 |
Universal Entertainment Corp. | (5,577 ) | (47,506 ) | 0.7 |
Yamae Group Holdings Co. Ltd. | (1,700 ) | (21,720 ) | 0.3 |
(45,223,638 ) | |||
Netherlands | |||
AMG Critical Materials NV | (6,328 ) | (107,954 ) | 1.7 |
New Zealand | |||
Mainfreight Ltd. | (6,563 ) | (281,062 ) | 4.4 |
Ryman Healthcare Ltd. | (56,693 ) | (168,410 ) | 2.6 |
(449,472 ) | |||
Norway | |||
Crayon Group Holding ASA | (38,007 ) | (376,431 ) | 5.9 |
FLEX LNG Ltd. | (2,926 ) | (71,687 ) | 1.1 |
MPC Container Ships ASA | (477,373 ) | (940,876 ) | 14.6 |
NEL ASA | (235,178 ) | (90,982 ) | 1.4 |
(1,479,976 ) | |||
Portugal | |||
Altri SGPS SA | (41,149 ) | (222,635 ) | 3.5 |
REN - Redes Energeticas Nacionais SGPS SA | (61,851 ) | (154,404 ) | 2.4 |
(377,039 ) | |||
Spain | |||
Grenergy Renovables SA | (25,362 ) | (899,353 ) | 14.0 |
Security | Shares | Value | % of Basket Value |
Spain (continued) | |||
Inmobiliaria Colonial Socimi SA | (9,968 ) | $(60,416 ) | 0.9 % |
Merlin Properties Socimi SA | (93,776 ) | (1,046,380 ) | 16.3 |
Viscofan SA | (3,565 ) | (238,414 ) | 3.7 |
(2,244,563 ) | |||
Sweden | |||
Fabege AB | (623,839 ) | (4,975,011 ) | 77.3 |
Hexatronic Group AB | (738,214 ) | (3,023,659 ) | 47.0 |
Hms Networks Ab | (4,704 ) | (175,024 ) | 2.7 |
Hufvudstaden AB, Class A | (33,806 ) | (399,554 ) | 6.2 |
Lindab International AB | (14,548 ) | (304,995 ) | 4.7 |
Paradox Interactive AB | (12,926 ) | (243,851 ) | 3.8 |
Samhallsbyggnadsbolaget i Norden AB, Class B | (2,703,331 ) | (1,436,988 ) | 22.3 |
Stillfront Group AB | (297,236 ) | (206,758 ) | 3.2 |
Truecaller AB, Class B | (15,787 ) | (70,650 ) | 1.1 |
Vimian Group AB | (118,967 ) | (499,346 ) | 7.8 |
Vitec Software Group AB, Class B | (22,744 ) | (993,905 ) | 15.5 |
(12,329,741 ) | |||
Switzerland | |||
Allreal Holding AG, Class N, Registered Shares | (568 ) | (101,064 ) | 1.6 |
Autoneum Holding AG, Class N | (1 ) | (134 ) | 0.0 |
Bossard Holding AG, Registered Shares | (5,243 ) | (1,259,736 ) | 19.6 |
Bucher Industries AG, Registered Shares | (3,026 ) | (1,178,564 ) | 18.3 |
Comet Holding AG, Class N, Registered Shares | (22,897 ) | (7,596,356 ) | 118.0 |
Daetwyler Holding AG | (1,581 ) | (266,200 ) | 4.1 |
Galenica AG | (42,421 ) | (3,691,998 ) | 57.4 |
Garrett Motion, Inc. | (58,583 ) | (435,272 ) | 6.8 |
Huber + Suhner AG, Class N, Registered Shares | (12,733 ) | (1,205,131 ) | 18.7 |
SKAN Group AG | (567 ) | (50,689 ) | 0.8 |
Sulzer AG, Registered Shares | (355 ) | (54,728 ) | 0.8 |
(15,839,872 ) | |||
United Kingdom | |||
Alphawave IP Group PLC | (1,056,962 ) | (1,516,860 ) | 23.6 |
Auction Technology Group PLC | (34,061 ) | (197,859 ) | 3.1 |
Crest Nicholson Holdings plc | (431,226 ) | (940,624 ) | 14.6 |
Derwent London PLC | (75,206 ) | (2,123,740 ) | 33.0 |
Essentra PLC | (290,371 ) | (556,922 ) | 8.7 |
Fidelis Insurance Holdings Ltd., Class L | (22,107 ) | (381,567 ) | 5.9 |
Genuit Group PLC | (53,661 ) | (324,516 ) | 5.1 |
Greatland Gold PLC | (731,045 ) | (60,329 ) | 0.9 |
Ibstock PLC | (174,109 ) | (450,132 ) | 7.0 |
Marex Group PLC | (5,990 ) | (157,777 ) | 2.5 |
Oxford Nanopore Technologies PLC | (415,997 ) | (721,468 ) | 11.2 |
Pennon Group PLC | (985,331 ) | (6,918,067 ) | 107.5 |
Senior PLC | (23,839 ) | (40,699 ) | 0.6 |
Travis Perkins PLC | (301,297 ) | (3,139,142 ) | 48.8 |
Victrex PLC | (5,505 ) | (60,479 ) | 0.9 |
Yellow Cake PLC | (109,858 ) | (766,926 ) | 11.9 |
(18,357,107 ) | |||
United States | |||
Adeia, Inc. | (31,124 ) | (386,871 ) | 6.0 |
Aehr Test Systems | (63,165 ) | (889,363 ) | 13.8 |
Apollo Commercial Real Estate Finance, Inc. | (85,209 ) | (757,508 ) | 11.8 |
Applied Digital Corp. | (51,125 ) | (345,605 ) | 5.4 |
Arbor Realty Trust, Inc. | (5,591 ) | (82,411 ) | 1.3 |
Arhaus, Inc., Class A | (100,548 ) | (852,647 ) | 13.3 |
ARMOUR Residential REIT, Inc. | (15,366 ) | (288,113 ) | 4.5 |
Artesian Resources Corp., Class A | (5,103 ) | (171,002 ) | 2.7 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
ASGN, Inc. | (26,732 ) | $(2,462,017 ) | 38.3 % |
Astec Industries, Inc. | (63,390 ) | (2,014,534 ) | 31.3 |
Atlas Energy Solutions, Inc. | (288,878 ) | (5,653,342 ) | 87.8 |
Bloomin’ Brands, Inc. | (196,434 ) | (3,258,840 ) | 50.6 |
Boston Omaha Corp., Class A | (20,961 ) | (309,384 ) | 4.8 |
BrightView Holdings, Inc. | (183,902 ) | (3,012,315 ) | 46.8 |
Buckle, Inc. | (16,036 ) | (682,492 ) | 10.6 |
Burford Capital Ltd. | (300,370 ) | (4,054,995 ) | 63.0 |
Calumet, Inc. | (41,239 ) | (879,628 ) | 13.7 |
Cass Information Systems, Inc. | (1,126 ) | (46,571 ) | 0.7 |
Clear Secure, Inc., Class A | (149,489 ) | (5,498,205 ) | 85.4 |
Coastal Financial Corp. | (1,238 ) | (77,982 ) | 1.2 |
Coeur Mining, Inc. | (197,588 ) | (1,272,467 ) | 19.8 |
Columbia Financial, Inc. | (3,781 ) | (64,580 ) | 1.0 |
Conduent, Inc. | (37,006 ) | (133,222 ) | 2.1 |
Core Laboratories, Inc. | (21,492 ) | (406,199 ) | 6.3 |
Cricut, Inc., Class A | (10,844 ) | (71,354 ) | 1.1 |
Cytek Biosciences, Inc. | (13,924 ) | (68,854 ) | 1.1 |
DiamondRock Hospitality Co. | (187,018 ) | (1,602,744 ) | 24.9 |
DigitalBridge Group, Inc., Class A | (78,389 ) | (1,229,923 ) | 19.1 |
Distribution Solutions Group, Inc. | (3,135 ) | (120,698 ) | 1.9 |
Eastern Bankshares, Inc. | (32,186 ) | (525,597 ) | 8.2 |
Eastman Kodak Co. | (97,150 ) | (458,548 ) | 7.1 |
Embecta Corp. | (28,857 ) | (406,307 ) | 6.3 |
Empire State Realty Trust, Inc., Class A | (380,693 ) | (4,035,346 ) | 62.7 |
Enliven Therapeutics, Inc. | (28,086 ) | (782,195 ) | 12.2 |
Equity Bancshares, Inc., Class A | (15,142 ) | (643,384 ) | 10.0 |
EVgo, Inc., Class A | (8,795 ) | (68,953 ) | 1.1 |
Excelerate Energy, Inc., Class A | (8,522 ) | (203,505 ) | 3.2 |
F&G Annuities & Life, Inc. | (4,031 ) | (161,643 ) | 2.5 |
Federal Agricultural Mortgage Corp., Class C | (18,234 ) | (3,341,745 ) | 51.9 |
First Advantage Corp. | (48,908 ) | (886,213 ) | 13.8 |
First Community Bankshares, Inc. | (4,235 ) | (175,583 ) | 2.7 |
Fluence Energy, Inc., Class A | (4,216 ) | (91,698 ) | 1.4 |
Forward Air Corp. | (173,187 ) | (6,118,697 ) | 95.1 |
GeneDx Holdings Corp., Class A | (7,689 ) | (628,114 ) | 9.8 |
Global Medical REIT, Inc. | (50,501 ) | (459,054 ) | 7.1 |
Great Southern Bancorp, Inc. | (3,990 ) | (226,193 ) | 3.5 |
Guess?, Inc. | (39,764 ) | (675,590 ) | 10.5 |
Hawaiian Electric Industries, Inc. | (516,300 ) | (5,302,401 ) | 82.4 |
Hawkins, Inc. | (3,611 ) | (386,016 ) | 6.0 |
Herbalife Ltd. | (327,571 ) | (2,473,161 ) | 38.4 |
HighPeak Energy, Inc. | (15,141 ) | (193,805 ) | 3.0 |
Hudson Technologies, Inc. | (53,384 ) | (409,455 ) | 6.4 |
Ibotta, Inc., Class A | (781 ) | (57,240 ) | 0.9 |
Inari Medical, Inc. | (147,243 ) | (7,126,561 ) | 110.7 |
Innodata, Inc. | (1,059 ) | (21,297 ) | 0.3 |
Insperity, Inc. | (21,175 ) | (1,667,955 ) | 25.9 |
International Bancshares Corp. | (11,755 ) | (720,111 ) | 11.2 |
InvenTrust Properties Corp. | (30,624 ) | (901,877 ) | 14.0 |
IonQ, Inc. | (30,536 ) | (458,956 ) | 7.1 |
Ivanhoe Electric, Inc. | (113,452 ) | (1,151,538 ) | 17.9 |
Kennametal, Inc. | (110,422 ) | (2,795,885 ) | 43.4 |
Kinetik Holdings, Inc., Class A | (166,919 ) | (8,123,948 ) | 126.2 |
Legacy Housing Corp. | (6,088 ) | (150,982 ) | 2.3 |
Lemonade, Inc. | (4,201 ) | (99,858 ) | 1.6 |
Loar Holdings, Inc. | (29,431 ) | (2,536,364 ) | 39.4 |
LXP Industrial Trust | (354,997 ) | (3,351,172 ) | 52.1 |
Madison Square Garden Sports Corp., Class A | (60,734 ) | (13,525,462 ) | 210.2 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Marten Transport Ltd. | (50,501 ) | $(781,756 ) | 12.1 % |
MaxCyte, Inc. | (67,914 ) | (243,132 ) | 3.8 |
MeridianLink, Inc. | (23,565 ) | (517,487 ) | 8.0 |
Mitek Systems, Inc. | (60,846 ) | (522,667 ) | 8.1 |
Montauk Renewables, Inc. | (15,249 ) | (84,327 ) | 1.3 |
MP Materials Corp., Class A | (57,642 ) | (1,036,980 ) | 16.1 |
MSA Safety, Inc. | (33,650 ) | (5,584,218 ) | 86.8 |
NB Bancorp, Inc. | (41,551 ) | (784,898 ) | 12.2 |
NBT Bancorp, Inc. | (4,144 ) | (184,325 ) | 2.9 |
Net Power, Inc., Class A | (33,882 ) | (305,616 ) | 4.7 |
Novanta, Inc. | (15,327 ) | (2,609,269 ) | 40.5 |
Nu Skin Enterprises, Inc., Class A | (24,418 ) | (151,147 ) | 2.3 |
O-I Glass, Inc. | (804,483 ) | (8,937,806 ) | 138.9 |
OneWater Marine, Inc., Class A | (13,442 ) | (292,632 ) | 4.5 |
PAR Technology Corp. | (10,854 ) | (640,277 ) | 10.0 |
Paysafe Ltd. | (102,359 ) | (2,174,105 ) | 33.8 |
Peakstone Realty Trust, Class E | (6,551 ) | (85,949 ) | 1.3 |
PennyMac Mortgage Investment Trust | (22,436 ) | (302,437 ) | 4.7 |
Phathom Pharmaceuticals, Inc. | (3,446 ) | (59,099 ) | 0.9 |
Photronics, Inc. | (37,984 ) | (866,035 ) | 13.5 |
Pitney Bowes, Inc. | (19,635 ) | (141,568 ) | 2.2 |
PolyPeptide Group AG | (10,823 ) | (361,079 ) | 5.6 |
PriceSmart, Inc. | (28,976 ) | (2,407,326 ) | 37.4 |
QuantumScape Corp., Class A | (371,869 ) | (1,915,125 ) | 29.8 |
Ready Capital Corp. | (83,896 ) | (574,688 ) | 8.9 |
Red Rock Resorts, Inc., Class A | (34,159 ) | (1,757,822 ) | 27.3 |
Redfin Corp. | (274,476 ) | (2,846,316 ) | 44.2 |
Reliance Worldwide Corp. Ltd. | (933,757 ) | (3,179,245 ) | 49.4 |
S&T Bancorp, Inc. | (9,962 ) | (378,357 ) | 5.9 |
Sable Offshore Corp., Class A | (68,059 ) | (1,521,799 ) | 23.6 |
ScanSource, Inc. | (102,776 ) | (4,358,730 ) | 67.7 |
Scotts Miracle-Gro Co | (75,282 ) | (6,548,028 ) | 101.8 |
Selective Insurance Group, Inc. | (209,073 ) | (18,988,010 ) | 295.1 |
Simply Good Foods Co. | (8,327 ) | (280,287 ) | 4.4 |
Sprinklr, Inc., Class A | (986,501 ) | (7,329,702 ) | 113.9 |
Sprout Social, Inc., Class A | (56,801 ) | (1,504,659 ) | 23.4 |
Stellar Bancorp, Inc. | (7,055 ) | (192,037 ) | 3.0 |
StepStone Group, Inc., Class A | (95,342 ) | (5,732,914 ) | 89.1 |
Sunnova Energy International, Inc. | (158,070 ) | (959,485 ) | 14.9 |
TI Fluid Systems PLC | (228,341 ) | (501,128 ) | 7.8 |
Titan Machinery, Inc. | (104,782 ) | (1,438,133 ) | 22.3 |
Towne Bank | (8,018 ) | (260,745 ) | 4.1 |
Transcat, Inc. | (1,461 ) | (139,628 ) | 2.2 |
Triumph Financial, Inc. | (944 ) | (83,421 ) | 1.3 |
Triumph Group, Inc. | (72,928 ) | (1,009,324 ) | 15.7 |
Trupanion, Inc. | (13,695 ) | (750,212 ) | 11.7 |
Udemy, Inc. | (96,681 ) | (757,979 ) | 11.8 |
United States Cellular Corp. | (70,833 ) | (4,370,396 ) | 67.9 |
Upstart Holdings, Inc. | (18,070 ) | (879,648 ) | 13.7 |
Uranium Energy Corp. | (386,195 ) | (2,865,567 ) | 44.5 |
Urban Outfitters, Inc. | (14,809 ) | (532,384 ) | 8.3 |
Vivid Seats, Inc., Class A | (261,186 ) | (1,063,027 ) | 16.5 |
Westrock Coffee Co. | (143,788 ) | (954,752 ) | 14.8 |
White Mountains Insurance Group Ltd. | (748 ) | (1,344,261 ) | 20.9 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
XPEL, Inc. | (4,841 ) | $(186,717 ) | 2.9 % |
Xponential Fitness, Inc., Class A | (240,130 ) | (2,941,593 ) | 45.7 |
(215,256,529 ) | |||
Total Reference Entity — Short | (376,141,575 ) | ||
Net Value of Reference Entity — BNP Paribas SA | $(6,435,302 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 243,783 | $1,673,816 | 82.3 % |
BHP Group Ltd. | 249,960 | 6,944,530 | 341.5 |
Computershare Ltd. | 118,235 | 2,043,982 | 100.5 |
Glencore PLC | 209,170 | 1,097,021 | 53.9 |
JB Hi-Fi Ltd. | 66,663 | 3,577,286 | 175.9 |
Qantas Airways Ltd. | 25,474 | 134,872 | 6.6 |
QBE Insurance Group Ltd. | 253,408 | 2,861,007 | 140.7 |
REA Group Ltd. | 19,011 | 2,810,490 | 138.2 |
Santos Ltd. | 253,917 | 1,129,642 | 55.6 |
Scentre Group | 50,327 | 115,383 | 5.7 |
Worley Ltd. | 106,746 | 980,215 | 48.2 |
23,368,244 | |||
Austria | |||
OMV AG | 33,980 | 1,408,154 | 69.2 |
Belgium | |||
Ageas SA/NV | 7,467 | 389,690 | 19.1 |
KBC Group NV | 74,346 | 5,415,449 | 266.3 |
5,805,139 | |||
Canada | |||
Algonquin Power & Utilities Corp. | 30,847 | 149,101 | 7.3 |
Barrick Gold Corp. | 91,015 | 1,759,050 | 86.5 |
Brookfield Corp., Class A | 13 | 689 | 0.0 |
Element Fleet Management Corp. | 31,624 | 647,084 | 31.8 |
FirstService Corp. | 1,612 | 298,469 | 14.7 |
Imperial Oil Ltd. | 3,996 | 298,190 | 14.7 |
Keyera Corp. | 10,529 | 323,353 | 15.9 |
Magna International, Inc. | 6,228 | 245,882 | 12.1 |
MEG Energy Corp. | 5,214 | 95,304 | 4.7 |
Stantec, Inc. | 2,015 | 163,446 | 8.0 |
TELUS Corp. | 30,032 | 474,740 | 23.4 |
West Fraser Timber Co. Ltd. | 3,088 | 278,892 | 13.7 |
4,734,200 | |||
Denmark | |||
AP Moller - Maersk A/S, Class B | 1,832 | 2,897,790 | 142.5 |
Genmab A/S | 127 | 28,443 | 1.4 |
2,926,233 | |||
Finland | |||
Wartsila OYJ Abp | 92,846 | 1,778,227 | 87.4 |
Security | Shares | Value | % of Basket Value |
Germany | |||
Deutsche Bank AG, Registered Shares | 104,920 | $1,782,566 | 87.6 % |
Evonik Industries AG | 95,000 | 2,093,722 | 103.0 |
Henkel AG & Co KGaA | 5,400 | 421,155 | 20.7 |
HUGO BOSS AG | 9,080 | 418,026 | 20.6 |
Scout24 SE | 42,666 | 3,685,715 | 181.2 |
Solarworld AG | 6 | 0 | 0.0 |
Zalando SE | 26,134 | 791,146 | 38.9 |
9,192,330 | |||
Israel | |||
Israel Discount Bank Ltd., Class A | 292,378 | 1,718,596 | 84.5 |
Italy | |||
A2A SpA | 1,230,288 | 2,812,245 | 138.3 |
Banca Monte dei Paschi di Siena SpA | 1,256,307 | 6,894,628 | 339.0 |
Banco BPM SpA | 244,426 | 1,648,675 | 81.1 |
Infrastrutture Wireless Italiane SpA | 8,500 | 95,836 | 4.7 |
Mediobanca Banca di Credito Finanziario SpA | 90,998 | 1,501,219 | 73.8 |
Recordati Industria Chimica e Farmaceutica SpA | 302 | 17,135 | 0.9 |
12,969,738 | |||
Japan | |||
Amada Co. Ltd. | 188,200 | 1,854,692 | 91.2 |
Asahi Kasei Corp. | 343,900 | 2,372,456 | 116.7 |
Astellas Pharma, Inc. | 235,000 | 2,751,457 | 135.3 |
Daikin Industries Ltd. | 11,600 | 1,392,658 | 68.5 |
Daito Trust Construction Co. Ltd. | 31,900 | 3,525,060 | 173.3 |
Daiwa Securities Group, Inc. | 347,400 | 2,272,788 | 111.8 |
DMG Mori Co. Ltd. | 40,300 | 768,443 | 37.8 |
FANUC Corp. | 179,500 | 4,762,372 | 234.2 |
Fujitsu Ltd. | 23,400 | 449,885 | 22.1 |
Hirose Electric Co. Ltd. | 86,400 | 10,282,452 | 505.6 |
Hulic Co. Ltd. | 86,500 | 801,022 | 39.4 |
Inpex Corp. | 80,100 | 1,055,882 | 51.9 |
J Front Retailing Co. Ltd. | 316,000 | 3,355,816 | 165.0 |
Japan Airlines Co. Ltd. | 17,100 | 274,251 | 13.5 |
Japan Metropolitan Fund Invest | 875 | 537,041 | 26.4 |
Kyowa Kirin Co. Ltd. | 39,700 | 654,326 | 32.2 |
Mitsubishi Chemical Group Corp. | 117,900 | 636,199 | 31.3 |
Mitsubishi Electric Corp. | 88,500 | 1,556,939 | 76.6 |
NIDEC Corp. | 387,600 | 7,721,308 | 379.7 |
Obayashi Corp. | 114,600 | 1,404,907 | 69.1 |
Ono Pharmaceutical Co. Ltd. | 180,100 | 2,249,482 | 110.6 |
Otsuka Corp. | 119,200 | 2,675,260 | 131.5 |
Panasonic Holdings Corp. | 345,200 | 2,841,008 | 139.7 |
Rakuten Group, Inc. | 513,100 | 3,062,464 | 150.6 |
Shimizu Corp. | 176,000 | 1,165,986 | 57.3 |
Sojitz Corp. | 39,600 | 809,294 | 39.8 |
Sony Group Corp. | 490,500 | 8,631,580 | 424.4 |
Sumitomo Corp. | 77,500 | 1,634,972 | 80.4 |
Sumitomo Mitsui Financial Group, Inc. | 89,200 | 1,892,336 | 93.0 |
T&D Holdings, Inc. | 72,100 | 1,150,878 | 56.6 |
Terumo Corp. | 81,300 | 1,548,383 | 76.1 |
Tokyo Electron Ltd. | 44,400 | 6,533,591 | 321.3 |
Tokyo Tatemono Co. Ltd. | 50,800 | 829,553 | 40.8 |
Unicharm Corp. | 21,700 | 699,715 | 34.4 |
84,154,456 | |||
Macau | |||
Galaxy Entertainment Group Ltd. | 30,000 | 133,517 | 6.6 |
Security | Shares | Value | % of Basket Value |
Netherlands | |||
Arcadis NV | 124,687 | $8,633,801 | 424.5 % |
EXOR NV | 3,191 | 337,031 | 16.6 |
8,970,832 | |||
New Zealand | |||
Xero Ltd. | 14,017 | 1,361,829 | 67.0 |
Norway | |||
Equinor ASA | 53,254 | 1,265,432 | 62.2 |
Telenor ASA | 56,600 | 695,138 | 34.2 |
1,960,570 | |||
Spain | |||
Acciona SA | 4,715 | 605,077 | 29.8 |
ACS Actividades de Construccion y Servicios SA | 24,711 | 1,185,026 | 58.3 |
Bankinter SA | 108,213 | 882,846 | 43.4 |
Enagas SA | 116,904 | 1,658,319 | 81.5 |
4,331,268 | |||
Sweden | |||
AddTech AB, Class B | 343,125 | 9,553,027 | 469.7 |
Swedbank AB, Class A | 176,165 | 3,574,480 | 175.8 |
Swedish Orphan Biovitrum AB | 38,811 | 1,213,009 | 59.7 |
14,340,516 | |||
Switzerland | |||
ABB Ltd., Registered Shares | 34,086 | 1,894,196 | 93.1 |
Chocoladefabriken Lindt & Spruengli AG | 38 | 448,256 | 22.0 |
Chocoladefabriken Lindt & Spruengli AG, Registered Shares | 1 | 116,469 | 5.7 |
DSM-Firmenich AG | 4,698 | 557,104 | 27.4 |
Logitech International SA, Registered Shares | 6,672 | 546,315 | 26.9 |
SGS SA, Registered Shares | 14,230 | 1,506,484 | 74.1 |
5,068,824 | |||
United Kingdom | |||
Berkeley Group Holdings PLC | 45,750 | 2,610,718 | 128.4 |
Hammerson PLC | 2 | 8 | 0.0 |
Imperial Brands PLC | 199,922 | 6,033,254 | 296.7 |
Informa PLC | 823,504 | 8,603,031 | 423.0 |
International Consolidated Airlines Group SA | 813,927 | 2,216,972 | 109.0 |
Marks & Spencer Group PLC | 346,334 | 1,680,376 | 82.6 |
Sage Group PLC | 176,513 | 2,206,019 | 108.5 |
Smiths Group PLC | 169,317 | 3,341,104 | 164.3 |
Tesco PLC | 1,909,250 | 8,430,623 | 414.5 |
35,122,105 | |||
United States | |||
Experian PLC | 152,374 | 7,436,736 | 365.7 |
Primo Water Corp. | 16,163 | 424,404 | 20.9 |
Roche Holding AG | 1,921 | 652,876 | 32.1 |
8,514,016 | |||
Total Reference Entity — Long | 227,858,794 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
ANZ Group Holdings Ltd. | (86,379 ) | (1,760,448 ) | (86.6 ) |
APA Group | (468,889 ) | (2,146,926 ) | (105.6 ) |
BlueScope Steel Ltd. | (226,026 ) | (3,003,519 ) | (147.7 ) |
Endeavour Group Ltd./Australia | (764,032 ) | (2,350,248 ) | (115.6 ) |
Fortescue Ltd. | (462,261 ) | (5,788,824 ) | (284.6 ) |
Lynas Rare Earths Ltd. | (189,160 ) | (940,080 ) | (46.2 ) |
Security | Shares | Value | % of Basket Value |
Australia (continued) | |||
Mirvac Group | (2,291,156 ) | $(3,202,889 ) | (157.5 )% |
National Australia Bank Ltd. | (88,950 ) | (2,254,448 ) | (110.8 ) |
Reece Ltd. | (44,345 ) | (660,767 ) | (32.5 ) |
SEEK Ltd. | (95,733 ) | (1,555,298 ) | (76.5 ) |
Stockland | (1,395,643 ) | (4,719,536 ) | (232.1 ) |
Vicinity Ltd. | (1,878,690 ) | (2,670,782 ) | (131.3 ) |
Woodside Energy Group Ltd. | (438,557 ) | (6,902,205 ) | (339.4 ) |
(37,955,970 ) | |||
Belgium | |||
Elia Group SA/NV | (24,268 ) | (2,309,240 ) | (113.5 ) |
Canada | |||
Fairfax Financial Holdings Ltd. | (622 ) | (772,949 ) | (38.0 ) |
Quebecor, Inc., Class B | (38,407 ) | (956,348 ) | (47.0 ) |
TMX Group Ltd. | (8,231 ) | (257,095 ) | (12.7 ) |
(1,986,392 ) | |||
Denmark | |||
Coloplast A/S, Class B | (42,419 ) | (5,313,005 ) | (261.3 ) |
DSV A/S | (22,532 ) | (4,932,377 ) | (242.5 ) |
Novozymes A/S, Class B | (22,525 ) | (1,415,510 ) | (69.6 ) |
Orsted A/S | (9,222 ) | (542,776 ) | (26.7 ) |
(12,203,668 ) | |||
Finland | |||
Kesko OYJ, Class B | (30,719 ) | (659,789 ) | (32.4 ) |
Neste OYJ | (43,661 ) | (701,022 ) | (34.5 ) |
(1,360,811 ) | |||
Germany | |||
BASF SE | (68,847 ) | (3,346,833 ) | (164.6 ) |
Bayerische Motoren Werke AG | (44,855 ) | (3,536,188 ) | (173.9 ) |
Brenntag SE | (6,771 ) | (441,693 ) | (21.7 ) |
(7,324,714 ) | |||
Hong Kong | |||
Power Assets Holdings Ltd. | (3,500 ) | (23,315 ) | (1.1 ) |
Italy | |||
Nexi SpA | (500,189 ) | (3,161,591 ) | (155.5 ) |
Japan | |||
Denso Corp. | (11,400 ) | (161,920 ) | (8.0 ) |
Dentsu Group, Inc. | (12,200 ) | (376,586 ) | (18.5 ) |
East Japan Railway Co. | (390,000 ) | (7,833,277 ) | (385.2 ) |
Hikari Tsushin, Inc. | (8,300 ) | (1,675,207 ) | (82.4 ) |
Hoya Corp. | (1,300 ) | (173,932 ) | (8.6 ) |
Japan Exchange Group, Inc. | (272,300 ) | (3,191,645 ) | (156.9 ) |
Japan Real Estate Investment Corp. | (81 ) | (294,634 ) | (14.5 ) |
Keisei Electric Railway Co. Ltd. | (1,300 ) | (33,823 ) | (1.7 ) |
Kikkoman Corp. | (132,300 ) | (1,552,242 ) | (76.3 ) |
Konami Group Corp. | (39,400 ) | (3,611,398 ) | (177.6 ) |
Lasertec Corp. | (43,700 ) | (5,929,901 ) | (291.6 ) |
Macnica Holdings, Inc. | (26,400 ) | (301,127 ) | (14.8 ) |
Makita Corp. | (8,600 ) | (280,806 ) | (13.8 ) |
MatsukiyoCocokara & Co. | (9,900 ) | (134,785 ) | (6.6 ) |
Mebuki Financial Group, Inc. | (48,600 ) | (181,784 ) | (8.9 ) |
Mitsubishi Motors Corp. | (26,200 ) | (77,841 ) | (3.8 ) |
Mitsui & Co. Ltd. | (11,200 ) | (228,342 ) | (11.2 ) |
Nippon Building Fund, Inc. | (4,497 ) | (3,862,436 ) | (189.9 ) |
Nippon Sanso Holdings Corp. | (11,500 ) | (399,188 ) | (19.6 ) |
NTT Data Group Corp. | (96,700 ) | (1,529,816 ) | (75.2 ) |
Rakus Co. Ltd. | (9,500 ) | (127,027 ) | (6.3 ) |
Rakuten Bank Ltd. | (2,500 ) | (50,686 ) | (2.5 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Ricoh Co. Ltd. | (272,100 ) | $(2,947,572 ) | (144.9 )% |
Rohto Pharmaceutical Co. Ltd. | (26,900 ) | (604,910 ) | (29.8 ) |
Ryohin Keikaku Co. Ltd. | (5,200 ) | (85,097 ) | (4.2 ) |
Sanrio Co. Ltd. | (48,600 ) | (1,318,465 ) | (64.8 ) |
Secom Co. Ltd. | (4,200 ) | (149,364 ) | (7.3 ) |
SG Holdings Co. Ltd. | (7,000 ) | (70,198 ) | (3.5 ) |
Shinko Electric Industries Co. Ltd. | (103,400 ) | (3,697,728 ) | (181.8 ) |
SUMCO Corp. | (62,300 ) | (595,676 ) | (29.3 ) |
Sumitomo Forestry Co. Ltd. | (36,500 ) | (1,406,120 ) | (69.1 ) |
Tohoku Electric Power Co., Inc. | (17,300 ) | (169,694 ) | (8.3 ) |
TOPPAN Holdings, Inc. | (87,900 ) | (2,571,185 ) | (126.4 ) |
Trial Holdings, Inc. | (9,000 ) | (167,863 ) | (8.3 ) |
Visional, Inc. | (1,500 ) | (80,264 ) | (4.0 ) |
Yamaha Motor Co. Ltd. | (83,700 ) | (731,623 ) | (36.0 ) |
Yokohama Rubber Co. Ltd. | (13,700 ) | (280,825 ) | (13.8 ) |
(46,884,987 ) | |||
Netherlands | |||
ASM International NV | (931 ) | (519,970 ) | (25.6 ) |
IMCD NV | (34,051 ) | (5,413,804 ) | (266.2 ) |
JDE Peet’s NV | (30,166 ) | (681,042 ) | (33.5 ) |
(6,614,816 ) | |||
New Zealand | |||
Auckland International Airport Ltd. | (115,087 ) | (502,149 ) | (24.7 ) |
Fisher & Paykel Healthcare Corp. Ltd. | (83,737 ) | (1,794,576 ) | (88.2 ) |
Mercury NZ Ltd. | (169,363 ) | (666,627 ) | (32.8 ) |
(2,963,352 ) | |||
Norway | |||
Orkla ASA | (219 ) | (2,023 ) | (0.1 ) |
Portugal | |||
Banco Comercial Portugues SA | (651,234 ) | (328,513 ) | (16.2 ) |
Singapore | |||
CapitaLand Ascendas REIT | (522,500 ) | (1,058,850 ) | (52.1 ) |
Oversea-Chinese Banking Corp. Ltd. | (324,000 ) | (3,717,285 ) | (182.8 ) |
(4,776,135 ) | |||
Spain | |||
Amadeus IT Group SA | (23,913 ) | (1,733,531 ) | (85.3 ) |
Redeia Corp SA | (21,661 ) | (401,068 ) | (19.7 ) |
(2,134,599 ) | |||
Sweden | |||
Epiroc AB, Class A | (397,054 ) | (7,754,581 ) | (381.3 ) |
Epiroc AB, Class B | (117,430 ) | (2,022,969 ) | (99.5 ) |
EQT AB | (220,324 ) | (6,392,261 ) | (314.3 ) |
Lifco AB, Class B | (18,225 ) | (543,796 ) | (26.7 ) |
Sandvik AB | (169,763 ) | (3,341,545 ) | (164.3 ) |
Skandinaviska Enskilda Banken AB, Class A | (45,741 ) | (646,012 ) | (31.8 ) |
SSAB AB, Class B | (471,008 ) | (2,221,830 ) | (109.2 ) |
Svenska Cellulosa AB SCA, Class B | (37,165 ) | (492,037 ) | (24.2 ) |
Volvo Car AB, Class B | (70,151 ) | (151,577 ) | (7.5 ) |
(23,566,608 ) | |||
Switzerland | |||
Bachem Holding AG | (2,974 ) | (235,363 ) | (11.6 ) |
Baloise Holding AG, Registered Shares | (8,191 ) | (1,567,588 ) | (77.1 ) |
EMS-Chemie Holding AG, Registered Shares | (2,503 ) | (1,924,956 ) | (94.7 ) |
Julius Baer Group Ltd. | (100,433 ) | (6,123,557 ) | (301.1 ) |
Sandoz Group AG | (26,512 ) | (1,208,636 ) | (59.4 ) |
SIG Group AG | (5,695 ) | (122,899 ) | (6.0 ) |
Security | Shares | Value | % of Basket Value |
Switzerland (continued) | |||
Swatch Group AG | (12,833 ) | $(2,633,370 ) | (129.5 )% |
Swiss Life Holding AG, Registered Shares | (3,612 ) | (2,941,250 ) | (144.6 ) |
Swisscom AG, Registered Shares | (7,978 ) | (4,860,844 ) | (239.0 ) |
VAT Group AG | (4,683 ) | (1,949,973 ) | (95.9 ) |
(23,568,436 ) | |||
United Kingdom | |||
JD Sports Fashion PLC | (1,357,939 ) | (2,177,437 ) | (107.1 ) |
Persimmon PLC | (56,967 ) | (1,079,597 ) | (53.1 ) |
Reckitt Benckiser Group PLC | (110,374 ) | (6,695,733 ) | (329.2 ) |
Rentokil Initial PLC | (569,143 ) | (2,854,692 ) | (140.4 ) |
Severn Trent PLC | (548,009 ) | (18,129,343 ) | (891.5 ) |
Spirax Group PLC | (5,342 ) | (445,899 ) | (21.9 ) |
(31,382,701 ) | |||
United States | |||
Haleon PLC | (417,908 ) | (2,008,494 ) | (98.7 ) |
Tenaris SA | (31,954 ) | (526,457 ) | (25.9 ) |
(2,534,951 ) | |||
Preferred Stocks | |||
Germany | |||
Bayerische Motoren Werke AG | (67,536 ) | (4,969,775 ) | (244.4 ) |
Dr Ing hc F Porsche AG | (90,620 ) | (6,376,058 ) | (313.5 ) |
Porsche Automobil Holding SE | (75,295 ) | (3,128,000 ) | (153.8 ) |
Volkswagen AG | (2,766 ) | (268,476 ) | (13.2 ) |
Total Reference Entity — Short | (225,825,131 ) | ||
Net Value of Reference Entity — BNP Paribas SA | $2,033,663 |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 164,227 | $1,127,585 | (10.4 )% |
Lynas Rare Earths Ltd. | 52,637 | 261,593 | (2.4 ) |
Mineral Resources Ltd. | 13,708 | 352,260 | (3.3 ) |
Worley Ltd. | 43,615 | 400,503 | (3.7 ) |
2,141,941 | |||
Belgium | |||
Liberty Global Ltd., Class C | 175,629 | 3,621,470 | (33.5 ) |
Canada | |||
Algonquin Power & Utilities Corp. | 267,947 | 1,295,136 | (12.0 ) |
Barrick Gold Corp. | 47,906 | 925,881 | (8.6 ) |
Canadian Natural Resources Ltd. | 18,887 | 642,295 | (5.9 ) |
FirstService Corp. | 6,984 | 1,293,120 | (12.0 ) |
Keyera Corp. | 109,251 | 3,355,171 | (31.0 ) |
Magna International, Inc. | 83,091 | 3,280,434 | (30.4 ) |
Stantec, Inc. | 14,517 | 1,177,542 | (10.9 ) |
Teck Resources Ltd., Class B | 12,960 | 602,972 | (5.6 ) |
Security | Shares | Value | % of Basket Value |
Canada (continued) | |||
TELUS Corp. | 250,292 | $3,956,568 | (36.6 )% |
Thomson Reuters Corp. | 9,246 | 1,513,453 | (14.0 ) |
18,042,572 | |||
Denmark | |||
Genmab A/S | 1,561 | 349,597 | (3.2 ) |
Finland | |||
Wartsila OYJ Abp | 15,740 | 301,459 | (2.8 ) |
France | |||
Bouygues SA | 21,896 | 703,771 | (6.5 ) |
Danone SA | 187,950 | 13,426,868 | (124.3 ) |
Eiffage SA | 12,168 | 1,132,520 | (10.5 ) |
Exosens SAS | 28,274 | 596,771 | (5.5 ) |
Gaztransport Et Technigaz SA | 4,105 | 597,273 | (5.5 ) |
Sodexo SA | 94,780 | 8,227,135 | (76.2 ) |
Valeo SE | 295,697 | 2,874,808 | (26.6 ) |
Veolia Environnement SA | 69,038 | 2,191,935 | (20.3 ) |
29,751,081 | |||
Germany | |||
Deutsche Telekom AG, Registered Shares | 246,787 | 7,461,238 | (69.1 ) |
Douglas AG | 166,759 | 3,402,469 | (31.5 ) |
Evonik Industries AG | 182,464 | 4,021,356 | (37.2 ) |
HUGO BOSS AG, Ordinary Shares | 10,355 | 476,724 | (4.4 ) |
Renk Group AG | 46,883 | 942,104 | (8.7 ) |
16,303,891 | |||
Israel | |||
Nova Ltd. | 5,483 | 1,016,000 | (9.4 ) |
Wix.com Ltd. | 13,218 | 2,208,992 | (20.4 ) |
3,224,992 | |||
Italy | |||
A2A SpA | 425,716 | 973,120 | (9.0 ) |
Banca Monte dei Paschi di Siena SpA | 3,824,610 | 20,989,508 | (194.3 ) |
Infrastrutture Wireless Italiane SpA | 3,524 | 39,732 | (0.4 ) |
Mediobanca Banca di Credito Finanziario SpA | 2,998 | 49,459 | (0.4 ) |
22,051,819 | |||
Japan | |||
Amada Co. Ltd. | 137,200 | 1,352,092 | (12.5 ) |
Asahi Kasei Corp. | 71,200 | 491,186 | (4.5 ) |
Astellas Pharma, Inc. | 156,100 | 1,827,670 | (16.9 ) |
DMG Mori Co. Ltd. | 18,900 | 360,386 | (3.3 ) |
Hirose Electric Co. Ltd. | 47,400 | 5,641,067 | (52.2 ) |
Horiba Ltd. | 58,000 | 3,565,492 | (33.0 ) |
J Front Retailing Co. Ltd. | 48,600 | 516,116 | (4.8 ) |
Kyowa Kirin Co. Ltd. | 31,800 | 524,120 | (4.9 ) |
Lixil Corp. | 665,600 | 7,813,054 | (72.3 ) |
Mitsubishi Chemical Group Corp. | 823,400 | 4,443,139 | (41.1 ) |
Mitsubishi Electric Corp. | 1,102,800 | 19,401,043 | (179.6 ) |
Mizuho Financial Group, Inc. | 218,300 | 4,534,307 | (42.0 ) |
Murata Manufacturing Co. Ltd. | 534,900 | 9,345,295 | (86.5 ) |
Nintendo Co. Ltd. | 98,300 | 5,192,497 | (48.1 ) |
Nippon Express Holdings, Inc | 6,600 | 325,393 | (3.0 ) |
Nippon Steel Corp. | 32,600 | 652,306 | (6.0 ) |
Nomura Holdings, Inc. | 559,200 | 2,867,524 | (26.5 ) |
Obayashi Corp. | 130,100 | 1,594,925 | (14.8 ) |
Ono Pharmaceutical Co. Ltd. | 53,400 | 666,976 | (6.2 ) |
Panasonic Holdings Corp. | 15,400 | 126,742 | (1.2 ) |
Rakuten Group, Inc. | 1,292,400 | 7,713,757 | (71.4 ) |
Sekisui House Ltd. | 8,100 | 195,628 | (1.8 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Shimizu Corp. | 206,900 | $1,370,695 | (12.7 )% |
Sumitomo Corp. | 82,500 | 1,740,454 | (16.1 ) |
Sumitomo Mitsui Financial Group, Inc. | 247,300 | 5,246,353 | (48.6 ) |
Sumitomo Mitsui Trust Group, Inc. | 369,400 | 8,101,061 | (75.0 ) |
Tokyo Electron Ltd. | 78,300 | 11,522,076 | (106.6 ) |
Tokyo Tatemono Co. Ltd. | 69,000 | 1,126,756 | (10.4 ) |
Tosoh Corp. | 565,600 | 7,027,918 | (65.0 ) |
Toyota Motor Corp. | 49,300 | 849,458 | (7.9 ) |
116,135,486 | |||
Macau | |||
Galaxy Entertainment Group Ltd., Class L | 14,000 | 62,308 | (0.6 ) |
New Zealand | |||
Xero Ltd. | 14,910 | 1,448,589 | (13.4 ) |
Norway | |||
Equinor ASA | 110,295 | 2,620,851 | (24.3 ) |
Puerto Rico | |||
Liberty Latin America Ltd., Class A | 2 | 20 | (0.0 ) |
Saudi Arabia | |||
Arabian Mills for Food Products Co. | 35,896 | 535,234 | (5.0 ) |
Singapore | |||
Sea Ltd., Class A, ADR | 32,204 | 3,028,786 | (28.0 ) |
Switzerland | |||
ABB Ltd., Class N, Registered Shares | 23,808 | 1,323,037 | (12.2 ) |
TE Connectivity PLC | 14,994 | 2,210,415 | (20.5 ) |
3,533,452 | |||
United Kingdom | |||
Hammerson PLC | 2 | 7 | (0.0 ) |
Informa PLC | 140,823 | 1,471,158 | (13.6 ) |
J Sainsbury PLC | 793,848 | 2,733,056 | (25.3 ) |
Johnson Matthey PLC | 474,732 | 9,135,147 | (84.6 ) |
Marks & Spencer Group PLC | 334,481 | 1,622,867 | (15.0 ) |
MONY Group PLC | 1 | 3 | (0.0 ) |
Smiths Group PLC | 133,330 | 2,630,979 | (24.3 ) |
Taylor Wimpey PLC | 4,724,318 | 8,932,181 | (82.7 ) |
Tesco PLC | 1,257,984 | 5,554,845 | (51.4 ) |
32,080,243 | |||
United States | |||
AECOM | 58,836 | 6,283,685 | (58.2 ) |
Alaska Air Group, Inc. | 79,885 | 3,827,290 | (35.4 ) |
Align Technology, Inc. | 32,171 | 6,596,020 | (61.0 ) |
Alkermes PLC | 50,513 | 1,298,184 | (12.0 ) |
Alphabet, Inc., Class A | 17,943 | 3,070,227 | (28.4 ) |
AMETEK, Inc. | 216 | 39,601 | (0.4 ) |
AutoNation, Inc. | 7,489 | 1,164,315 | (10.8 ) |
AvalonBay Communities, Inc. | 45,074 | 9,988,849 | (92.4 ) |
Avantor, Inc. | 29,905 | 668,975 | (6.2 ) |
Box, Inc., Class A | 43,048 | 1,367,204 | (12.7 ) |
Builders FirstSource, Inc. | 18,438 | 3,160,273 | (29.2 ) |
Camden Property Trust | 23,017 | 2,665,138 | (24.7 ) |
Carnival Corp. | 13,164 | 289,608 | (2.7 ) |
Cirrus Logic, Inc. | 23,920 | 2,626,894 | (24.3 ) |
Citizens Financial Group, Inc. | 150,099 | 6,322,170 | (58.5 ) |
CME Group, Inc., Class A | 107,464 | 24,218,087 | (224.1 ) |
Costco Wholesale Corp. | 277 | 242,148 | (2.2 ) |
Crimson Wine Group Ltd. | 1 | 7 | (0.0 ) |
D.R. Horton, Inc. | 18,589 | 3,141,541 | (29.1 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
DENTSPLY SIRONA, Inc. | 1,022,853 | $23,699,504 | (219.4 )% |
Devon Energy Corp. | 72,671 | 2,810,914 | (26.0 ) |
Dollar General Corp. | 322,550 | 25,816,902 | (238.9 ) |
EMCOR Group, Inc. | 9,513 | 4,243,464 | (39.3 ) |
EOG Resources, Inc. | 59,669 | 7,277,231 | (67.4 ) |
Equifax, Inc. | 210 | 55,654 | (0.5 ) |
Essential Properties Realty Trust, Inc. | 3,144 | 99,633 | (0.9 ) |
Flex Ltd. | 100,610 | 3,488,149 | (32.3 ) |
Flowserve Corp. | 37,985 | 1,999,530 | (18.5 ) |
Fox Corp., Class A | 58,305 | 2,448,810 | (22.7 ) |
Freshpet, Inc. | 83,719 | 11,096,116 | (102.7 ) |
Gap, Inc. | 438,644 | 9,110,636 | (84.3 ) |
Haemonetics Corp. | 80,096 | 5,699,631 | (52.8 ) |
IDEXX Laboratories, Inc. | 1,127 | 458,599 | (4.2 ) |
Incyte Corp. | 7,457 | 552,713 | (5.1 ) |
Invesco Ltd. | 137,441 | 2,383,227 | (22.1 ) |
Ionis Pharmaceuticals, Inc. | 41,616 | 1,597,638 | (14.8 ) |
KeyCorp | 23,806 | 410,653 | (3.8 ) |
Lamar Advertising Co., Class A | 4,475 | 590,700 | (5.5 ) |
Marathon Petroleum Corp. | 33,346 | 4,850,843 | (44.9 ) |
Mettler-Toledo International, Inc. | 2,437 | 3,147,995 | (29.1 ) |
Neurocrine Biosciences, Inc. | 17,885 | 2,151,029 | (19.9 ) |
Northrop Grumman Corp. | 41,830 | 21,292,307 | (197.1 ) |
NOV, Inc. | 426,800 | 6,619,668 | (61.3 ) |
Nutanix, Inc., Class A | 11,235 | 697,693 | (6.5 ) |
NVR, Inc. | 468 | 4,283,515 | (39.6 ) |
Oshkosh Corp. | 47,732 | 4,880,120 | (45.2 ) |
Paramount Global, Class B | 168,772 | 1,846,366 | (17.1 ) |
Penske Automotive Group, Inc. | 22,315 | 3,359,970 | (31.1 ) |
Post Holdings, Inc. | 21,160 | 2,310,884 | (21.4 ) |
Primo Water Corp. | 44,456 | 1,167,315 | (10.8 ) |
Qualys, Inc. | 17,316 | 2,064,760 | (19.1 ) |
Radian Group, Inc. | 36,132 | 1,261,368 | (11.7 ) |
Regions Financial Corp. | 610 | 14,561 | (0.1 ) |
Reinsurance Group of America, Inc. | 21,896 | 4,621,808 | (42.8 ) |
ResMed, Inc. | 60,895 | 14,765,211 | (136.7 ) |
Roche Holding AG | 970 | 329,667 | (3.0 ) |
Sarepta Therapeutics, Inc. | 17,141 | 2,159,766 | (20.0 ) |
ServiceNow, Inc. | 14,048 | 13,106,643 | (121.3 ) |
Simon Property Group, Inc. | 175,329 | 29,651,640 | (274.4 ) |
Spotify Technology SA | 1,218 | 469,052 | (4.3 ) |
SS&C Technologies Holdings, Inc. | 95,746 | 6,695,518 | (62.0 ) |
Sun Communities, Inc. | 25,107 | 3,331,197 | (30.8 ) |
TD SYNNEX Corp. | 582 | 67,134 | (0.6 ) |
Teradyne, Inc. | 2,118 | 224,953 | (2.1 ) |
Toll Brothers, Inc. | 62,238 | 9,114,133 | (84.4 ) |
TransUnion | 73,465 | 7,442,004 | (68.9 ) |
Trex Co., Inc. | 23,439 | 1,660,653 | (15.4 ) |
UGI Corp. | 141,971 | 3,394,527 | (31.4 ) |
United Therapeutics Corp. | 4,619 | 1,727,367 | (16.0 ) |
Vail Resorts, Inc. | 30,049 | 4,978,819 | (46.1 ) |
VeriSign, Inc. | 33,558 | 5,934,397 | (54.9 ) |
W R Berkley Corp. | 1,748 | 99,933 | (0.9 ) |
Westinghouse Air Brake Technologies Corp. | 21,530 | 4,047,209 | (37.5 ) |
Westlake Corp. | 31,966 | 4,217,594 | (39.0 ) |
Zoetis, Inc., Class A | 7,411 | 1,324,939 | (12.3 ) |
360,122,478 |
Security | Shares | Value | % of Basket Value |
Zambia | |||
First Quantum Minerals Ltd. | 21,082 | $272,392 | (2.5 )% |
Total Reference Entity — Long | 615,628,661 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Pilbara Minerals Ltd. | (1,218,601 ) | (2,257,077 ) | 20.9 |
Seven Group Holdings Ltd. | (5,267 ) | (143,500 ) | 1.3 |
(2,400,577 ) | |||
Belgium | |||
Elia Group SA/NV | (8,978 ) | (854,308 ) | 7.9 |
Bermuda | |||
RenaissanceRe Holdings Ltd. | (3,729 ) | (978,490 ) | 9.1 |
Cameroon, United Republic Of | |||
Golar LNG Ltd. | (199,451 ) | (7,232,093 ) | 66.9 |
Canada | |||
Air Canada | (262,232 ) | (3,553,932 ) | 32.9 |
CAE, Inc. | (141,851 ) | (2,496,032 ) | 23.1 |
Cameco Corp. | (218,339 ) | (11,409,736 ) | 105.6 |
Canadian Imperial Bank of Commerce | (80,041 ) | (5,007,628 ) | 46.4 |
Canadian National Railway Co. | (34,624 ) | (3,738,800 ) | 34.6 |
Canadian Pacific Kansas City Ltd. | (432,464 ) | (33,361,553 ) | 308.8 |
Descartes Systems Group, Inc. | (2,181 ) | (226,582 ) | 2.1 |
Element Fleet Management Corp. | (18,494 ) | (378,421 ) | 3.5 |
Fortis Inc/Canada | (117,165 ) | (5,068,300 ) | 46.9 |
Great-West Lifeco, Inc. | (4,371 ) | (146,668 ) | 1.4 |
Nexgen Energy Ltd. | (552,275 ) | (4,061,691 ) | 37.6 |
Onex Corp. | (45,178 ) | (3,251,869 ) | 30.1 |
Osisko Gold Royalties Ltd. | (4,258 ) | (85,689 ) | 0.8 |
Quebecor, Inc., Class B | (19,140 ) | (476,593 ) | 4.4 |
RioCan Real Estate Investment Trust | (123 ) | (1,678 ) | 0.0 |
Rogers Communications, Inc., Class B | (225,266 ) | (8,181,637 ) | 75.7 |
Sun Life Financial, Inc. | (14,673 ) | (813,557 ) | 7.5 |
(82,260,366 ) | |||
Denmark | |||
Danske Bank A/S | (397,885 ) | (11,765,077 ) | 108.9 |
Finland | |||
Kesko OYJ, Class B | (16,390 ) | (352,028 ) | 3.3 |
Neste OYJ | (22,183 ) | (356,170 ) | 3.3 |
(708,198 ) | |||
France | |||
Airbus SE | (22,843 ) | (3,484,499 ) | 32.3 |
Biomerieux | (2,803 ) | (313,721 ) | 2.9 |
Bollore SE | (149,778 ) | (935,060 ) | 8.7 |
Cie de Saint-Gobain SA | (33,627 ) | (3,049,461 ) | 28.2 |
EssilorLuxottica SA | (15,286 ) | (3,585,452 ) | 33.2 |
Renault SA | (19,928 ) | (911,794 ) | 8.4 |
Sartorius Stedim Biotech | (4,972 ) | (997,397 ) | 9.2 |
(13,277,384 ) | |||
Germany | |||
Mercedes-Benz Group AG | (163,910 ) | (9,957,639 ) | 92.2 |
Nemetschek SE | (24,298 ) | (2,618,161 ) | 24.2 |
(12,575,800 ) |
Security | Shares | Value | % of Basket Value |
Hong Kong | |||
Henderson Land Development Co. Ltd. | (58,000 ) | $(185,988 ) | 1.7 % |
Power Assets Holdings Ltd. | (70,000 ) | (466,288 ) | 4.3 |
(652,276 ) | |||
Israel | |||
Azrieli Group Ltd. | (7,414 ) | (565,991 ) | 5.2 |
Global-e Online Ltd. | (20,835 ) | (800,897 ) | 7.4 |
Mobileye Global, Inc., Class A | (433 ) | (5,893 ) | 0.1 |
(1,372,781 ) | |||
Italy | |||
DiaSorin SpA | (1,631 ) | (177,144 ) | 1.6 |
Leonardo SpA | (8,637 ) | (205,870 ) | 1.9 |
Nexi SpA | (616,125 ) | (3,894,398 ) | 36.1 |
(4,277,412 ) | |||
Japan | |||
Ibiden Co. Ltd. | (7,300 ) | (231,882 ) | 2.1 |
Japan Real Estate Investment Corp. | (65 ) | (236,434 ) | 2.2 |
Keisei Electric Railway Co. Ltd. | (4,100 ) | (106,673 ) | 1.0 |
Kikkoman Corp. | (23,200 ) | (272,200 ) | 2.5 |
Kosaido Holdings Co. Ltd. | (3,600 ) | (180,609 ) | 1.7 |
Kyushu Railway Co. | (18,200 ) | (478,851 ) | 4.4 |
Maruwa Co. Ltd. | (2,700 ) | (744,842 ) | 6.9 |
MatsukiyoCocokara & Co. | (5,300 ) | (72,158 ) | 0.7 |
Mercari, Inc. | (4,300 ) | (60,153 ) | 0.6 |
Nippon Building Fund, Inc. | (30 ) | (25,767 ) | 0.2 |
Nippon Sanso Holdings Corp. | (13,600 ) | (472,083 ) | 4.4 |
Rohto Pharmaceutical Co. Ltd. | (800 ) | (17,990 ) | 0.2 |
Rorze Corp. | (9,000 ) | (131,171 ) | 1.2 |
Secom Co. Ltd. | (5,800 ) | (206,265 ) | 1.9 |
SG Holdings Co. Ltd. | (56,300 ) | (564,596 ) | 5.2 |
Socionext, Inc. | (19,500 ) | (363,034 ) | 3.4 |
SUMCO Corp. | (59,200 ) | (566,036 ) | 5.2 |
Tokyo Gas Co. Ltd. | (6,300 ) | (155,439 ) | 1.4 |
(4,886,183 ) | |||
Netherlands | |||
Heineken Holding NV | (12,765 ) | (884,463 ) | 8.2 |
IMCD NV | (24,380 ) | (3,876,202 ) | 35.9 |
JDE Peet’s NV | (69,655 ) | (1,572,564 ) | 14.5 |
NN Group NV | (1,984 ) | (97,399 ) | 0.9 |
(6,430,628 ) | |||
Norway | |||
Mowi ASA | (135,251 ) | (2,331,720 ) | 21.6 |
Portugal | |||
Banco Comercial Portugues SA, Class R | (9,785,588 ) | (4,936,313 ) | 45.7 |
Jeronimo Martins SGPS SA | (5,900 ) | (114,685 ) | 1.0 |
(5,050,998 ) | |||
Singapore | |||
CapitaLand Investment Ltd./Singapore | (5,700 ) | (12,042 ) | 0.1 |
Mapletree Logistics Trust | (2,701 ) | (2,694 ) | 0.0 |
Oversea-Chinese Banking Corp. Ltd. | (370,600 ) | (4,251,932 ) | 39.4 |
(4,266,668 ) | |||
Spain | |||
Amadeus IT Group SA | (37,460 ) | (2,715,597 ) | 25.1 |
Security | Shares | Value | % of Basket Value |
Sweden | |||
Sandvik AB | (11,725 ) | $(230,790 ) | 2.1 % |
Volvo Car AB, Class B | (7,836 ) | (16,932 ) | 0.2 |
(247,722 ) | |||
Switzerland | |||
Banque Cantonale Vaudoise, Registered Shares | (19,344 ) | (1,927,573 ) | 17.8 |
Cie Financiere Richemont SA, Registered Shares | (1,178 ) | (171,517 ) | 1.6 |
EMS-Chemie Holding AG, Registered Shares | (1,606 ) | (1,235,110 ) | 11.4 |
Swiss Life Holding AG, Class N, Registered Shares | (11,125 ) | (9,059,083 ) | 83.9 |
Swisscom AG, Class N, Registered Shares | (1,883 ) | (1,147,276 ) | 10.6 |
(13,540,559 ) | |||
United Kingdom | |||
JD Sports Fashion PLC | (790,651 ) | (1,267,798 ) | 11.7 |
Lloyds Banking Group PLC | (7,904,714 ) | (5,425,799 ) | 50.2 |
Rentokil Initial PLC | (1,172,131 ) | (5,879,143 ) | 54.4 |
Smith & Nephew PLC | (425,747 ) | (5,293,237 ) | 49.0 |
Unilever PLC | (82,249 ) | (5,017,358 ) | 46.5 |
UNITE Group PLC/The | (555,508 ) | (6,283,939 ) | 58.2 |
(29,167,274 ) | |||
United States | |||
AeroVironment, Inc. | (23,831 ) | (5,122,712 ) | 47.4 |
Aflac, Inc. | (37,564 ) | (3,936,332 ) | 36.4 |
AGNC Investment Corp. | (169,995 ) | (1,582,653 ) | 14.6 |
Air Lease Corp., Class A | (52,496 ) | (2,328,198 ) | 21.5 |
Alight, Inc., Class A | (627,810 ) | (4,350,723 ) | 40.3 |
Alliant Energy Corp. | (301,945 ) | (18,116,700 ) | 167.7 |
Ameren Corp. | (2,769 ) | (241,208 ) | 2.2 |
Annaly Capital Management, Inc. | (181,856 ) | (3,457,083 ) | 32.0 |
Antero Midstream Corp. | (142,614 ) | (2,049,363 ) | 19.0 |
Aon PLC, Class A | (9,566 ) | (3,509,478 ) | 32.5 |
Apollo Global Management, Inc. | (26,659 ) | (3,819,168 ) | 35.3 |
Aspen Technology, Inc. | (10,733 ) | (2,519,357 ) | 23.3 |
ATI, Inc. | (52,780 ) | (2,782,034 ) | 25.8 |
Bill Holdings, Inc. | (104,098 ) | (6,075,159 ) | 56.2 |
Blue Owl Capital, Inc., Class A | (12,151 ) | (271,696 ) | 2.5 |
BRP, Inc. | (2,075 ) | (102,308 ) | 0.9 |
Celanese Corp., Class A | (46,888 ) | (5,906,481 ) | 54.7 |
CF Industries Holdings, Inc. | (76,830 ) | (6,317,731 ) | 58.5 |
Churchill Downs, Inc. | (6,144 ) | (860,774 ) | 8.0 |
Citigroup, Inc. | (255,000 ) | (16,363,350 ) | 151.5 |
Clarivate PLC | (4,605 ) | (30,393 ) | 0.3 |
Coca-Cola Consolidated, Inc. | (1,409 ) | (1,584,082 ) | 14.7 |
Coherent Corp. | (21,120 ) | (1,952,333 ) | 18.1 |
Constellation Energy Corp. | (20,244 ) | (5,323,362 ) | 49.3 |
Core & Main, Inc., Class A | (61,270 ) | (2,713,036 ) | 25.1 |
Corebridge Financial, Inc. | (79,942 ) | (2,539,757 ) | 23.5 |
Coty, Inc., Class A | (260,403 ) | (1,937,398 ) | 17.9 |
Crane Co. | (16,699 ) | (2,626,419 ) | 24.3 |
Darden Restaurants, Inc. | (740 ) | (118,415 ) | 1.1 |
Datadog, Inc., Class A | (877 ) | (110,011 ) | 1.0 |
Diamondback Energy, Inc. | (22,325 ) | (3,946,390 ) | 36.5 |
Dutch Bros, Inc., Class A | (1,979 ) | (65,545 ) | 0.6 |
Erie Indemnity Co., Class A | (876 ) | (393,184 ) | 3.6 |
Everest Group Ltd. | (5,816 ) | (2,068,228 ) | 19.1 |
First Citizens BancShares, Inc., Class A | (8,520 ) | (16,506,222 ) | 152.8 |
Frontier Communications Parent, Inc. | (49,673 ) | (1,774,816 ) | 16.4 |
GE HealthCare Technologies, Inc. | (18,869 ) | (1,648,207 ) | 15.3 |
Haleon PLC | (1,433,059 ) | (6,887,379 ) | 63.7 |
Intra-Cellular Therapies, Inc. | (2,814 ) | (238,487 ) | 2.2 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Jackson Financial, Inc., Class A | (110,376 ) | $(11,032,081 ) | 102.1 % |
Kenvue, Inc. | (288,736 ) | (6,620,717 ) | 61.3 |
KKR & Co., Inc., Class A | (31,810 ) | (4,397,414 ) | 40.7 |
Knight-Swift Transportation Holdings, Inc. | (284,566 ) | (14,820,197 ) | 137.2 |
Lantheus Holdings, Inc. | (27,921 ) | (3,066,843 ) | 28.4 |
Lattice Semiconductor Corp. | (27,358 ) | (1,385,956 ) | 12.8 |
Liberty Broadband Corp., Class C | (3,897 ) | (314,956 ) | 2.9 |
Linde PLC | (81,118 ) | (37,001,976 ) | 342.5 |
MACOM Technology Solutions Holdings, Inc., Class H | (24,125 ) | (2,711,650 ) | 25.1 |
MarketAxess Holdings, Inc. | (6,876 ) | (1,990,052 ) | 18.4 |
Matador Resources Co. | (14,097 ) | (734,595 ) | 6.8 |
McKesson Corp. | (493 ) | (246,791 ) | 2.3 |
Monster Beverage Corp. | (12,506 ) | (658,816 ) | 6.1 |
Mueller Industries, Inc. | (1,791 ) | (146,808 ) | 1.4 |
National Storage Affiliates Trust | (154,153 ) | (6,497,549 ) | 60.1 |
Netflix, Inc. | (27,000 ) | (20,412,810 ) | 188.9 |
Nordson Corp. | (11,938 ) | (2,959,311 ) | 27.4 |
ON Semiconductor Corp. | (147,717 ) | (10,412,571 ) | 96.4 |
Onto Innovation, Inc. | (10,587 ) | (2,099,720 ) | 19.4 |
Oscar Health, Inc., Class A | (171,448 ) | (2,880,326 ) | 26.7 |
Palantir Technologies, Inc., Class A | (323,131 ) | (13,429,324 ) | 124.3 |
Penumbra, Inc. | (1,439 ) | (329,344 ) | 3.0 |
Pinnacle Financial Partners, Inc. | (20,995 ) | (2,213,923 ) | 20.5 |
Planet Fitness, Inc., Class A | (1,243 ) | (97,600 ) | 0.9 |
Primerica, Inc. | (3,809 ) | (1,054,369 ) | 9.8 |
Procter & Gamble Co. | (56,802 ) | (9,382,554 ) | 86.8 |
Quanta Services, Inc. | (994 ) | (299,820 ) | 2.8 |
Range Resources Corp. | (144,367 ) | (4,335,341 ) | 40.1 |
Repligen Corp. | (14,965 ) | (2,009,351 ) | 18.6 |
Rockwell Automation, Inc. | (23,456 ) | (6,255,950 ) | 57.9 |
SentinelOne, Inc., Class A | (145,967 ) | (3,764,489 ) | 34.8 |
SouthState Corp. | (5,643 ) | (550,362 ) | 5.1 |
STAG Industrial, Inc. | (68,558 ) | (2,555,842 ) | 23.7 |
Starbucks Corp. | (583,430 ) | (57,001,111 ) | 527.6 |
Teledyne Technologies, Inc. | (2,784 ) | (1,267,611 ) | 11.7 |
TPG, Inc., Class A | (39,468 ) | (2,671,194 ) | 24.7 |
Tradeweb Markets, Inc., Class A | (54,075 ) | (6,867,525 ) | 63.6 |
Valaris Ltd. | (71,208 ) | (3,603,125 ) | 33.4 |
Vaxcyte, Inc. | (5,247 ) | (558,018 ) | 5.2 |
Vistra Corp. | (1,286 ) | (160,699 ) | 1.5 |
Welltower, Inc. | (58,957 ) | (7,952,120 ) | 73.6 |
(398,926,983 ) |
Security | Shares | Value | % of Basket Value |
Preferred Stocks | |||
Germany | |||
Volkswagen AG | (211,346 ) | $(20,513,826 ) | 189.9 % |
Total Reference Entity — Short | (626,432,920 ) | ||
Net Value of Reference Entity — Goldman Sachs Bank USA | $(10,804,259 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
Accent Group Ltd. | 298,024 | $460,651 | (5.1 )% |
Bega Cheese Ltd. | 265,372 | 894,429 | (10.0 ) |
Challenger Ltd. | 492,019 | 1,948,664 | (21.7 ) |
Charter Hall Social Infrastructure REIT | 292,250 | 498,144 | (5.5 ) |
Data#3 Ltd. | 212,851 | 1,019,708 | (11.4 ) |
Downer EDI Ltd. | 505,649 | 1,852,720 | (20.6 ) |
Netwealth Group Ltd. | 99,215 | 1,790,100 | (19.9 ) |
NRW Holdings Ltd. | 182,185 | 459,120 | (5.1 ) |
Perenti Ltd. | 1,274,919 | 979,463 | (10.9 ) |
Perseus Mining Ltd. | 1,228,303 | 2,296,480 | (25.6 ) |
Vault Minerals Ltd. | 1,769,383 | 455,737 | (5.1 ) |
Ventia Services Group Pty Ltd. | 785,158 | 2,358,070 | (26.2 ) |
15,013,286 | |||
Austria | |||
ANDRITZ AG | 34,491 | 2,082,327 | (23.2 ) |
Kontron AG | 34,385 | 579,028 | (6.4 ) |
Raiffeisen Bank International AG | 74,048 | 1,326,472 | (14.8 ) |
UNIQA Insurance Group AG | 69,234 | 542,730 | (6.0 ) |
4,530,557 | |||
Belgium | |||
Barco NV | 70,507 | 876,761 | (9.8 ) |
Proximus SADP | 161,990 | 1,178,809 | (13.1 ) |
2,055,570 | |||
Canada | |||
Artis Real Estate Investment Trust | 257,962 | 1,435,850 | (16.0 ) |
Birchcliff Energy Ltd. | 62,166 | 231,724 | (2.6 ) |
Canfor Corp. | 40,248 | 480,137 | (5.3 ) |
Centerra Gold, Inc. | 266,279 | 1,881,844 | (20.9 ) |
First Majestic Silver Corp. | 818,198 | 6,046,797 | (67.3 ) |
Security | Shares | Value | % of Basket Value |
Canada (continued) | |||
Innergex Renewable Energy, Inc. | 290,161 | $1,900,577 | (21.2 )% |
North American Construction Group Ltd. | 51,105 | 996,517 | (11.1 ) |
Obsidian Energy Ltd. | 93,249 | 529,082 | (5.9 ) |
Parex Resources, Inc. | 161,370 | 1,498,556 | (16.7 ) |
Pason Systems, Inc. | 50,258 | 486,211 | (5.4 ) |
Russel Metals, Inc. | 27,735 | 772,281 | (8.6 ) |
Sienna Senior Living, Inc. | 117,092 | 1,448,145 | (16.1 ) |
Transcontinental, Inc., Class A | 117,015 | 1,445,511 | (16.1 ) |
19,153,232 | |||
Finland | |||
Outokumpu OYJ | 576,297 | 2,073,200 | (23.1 ) |
France | |||
Etablissements Maurel et Prom SA | 93,239 | 489,383 | (5.5 ) |
Guerbet | 1 | 35 | (0.0 ) |
ICADE | 39,892 | 1,043,414 | (11.6 ) |
Television Francaise 1 SA | 70,506 | 584,989 | (6.5 ) |
2,117,821 | |||
Germany | |||
Atoss Software SE | 6,134 | 806,834 | (9.0 ) |
Auto1 Group SE | 40,355 | 414,129 | (4.6 ) |
Bank of Georgia Group PLC | 63,936 | 3,429,601 | (38.2 ) |
Bilfinger SE | 17,432 | 837,904 | (9.3 ) |
Deutsche Pfandbriefbank AG | 27,314 | 155,119 | (1.7 ) |
Deutsche Wohnen SE | 29,501 | 753,677 | (8.4 ) |
Deutz AG | 127,749 | 568,074 | (6.3 ) |
Duerr AG | 25,652 | 594,461 | (6.6 ) |
Evotec SE | 67,237 | 520,006 | (5.8 ) |
Grand City Properties SA | 44,092 | 584,409 | (6.5 ) |
HOCHTIEF AG | 481 | 58,905 | (0.7 ) |
SAF-Holland SE | 28,460 | 440,248 | (4.9 ) |
TBC Bank Group PLC | 43,028 | 1,525,768 | (17.0 ) |
10,689,135 | |||
Ireland | |||
Cairn Homes PLC | 807,475 | 1,888,299 | (21.0 ) |
Cimpress PLC | 12,680 | 875,047 | (9.8 ) |
2,763,346 | |||
Italy | |||
Anima Holding SpA | 88,663 | 537,195 | (6.0 ) |
Banca IFIS SpA | 31,937 | 765,412 | (8.5 ) |
Credito Emiliano SpA | 7,521 | 81,216 | (0.9 ) |
De’ Longhi SpA | 20,579 | 643,194 | (7.2 ) |
Hera SpA | 80,575 | 308,244 | (3.4 ) |
Iren SpA | 493,071 | 1,067,906 | (11.9 ) |
Maire SpA | 125,040 | 943,758 | (10.5 ) |
PRADA SpA | 496,300 | 3,810,347 | (42.4 ) |
Sesa SpA | 7,774 | 675,136 | (7.5 ) |
Webuild SpA | 441,175 | 1,251,067 | (13.9 ) |
10,083,475 | |||
Japan | |||
77 Bank Ltd. | 87,700 | 2,257,724 | (25.1 ) |
Aisan Industry Co. Ltd. | 27,300 | 241,533 | (2.7 ) |
Alfresa Holdings Corp. | 125,200 | 1,806,392 | (20.1 ) |
Artience Co. Ltd. | 109,700 | 2,629,279 | (29.3 ) |
Bic Camera, Inc. | 206,000 | 2,292,744 | (25.5 ) |
Bunka Shutter Co. Ltd. | 69,200 | 832,660 | (9.3 ) |
Coca-Cola Bottlers Japan Holdings, Inc. | 8,100 | 103,751 | (1.2 ) |
Create Restaurants Holdings, Inc. | 62,700 | 499,484 | (5.6 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Create SD Holdings Co. Ltd. | 33,800 | $663,882 | (7.4 )% |
Daicel Corp. | 58,300 | 514,559 | (5.7 ) |
DIC Corp. | 253,200 | 5,512,483 | (61.4 ) |
Doutor Nichires Holdings Co. Ltd. | 72,300 | 1,060,160 | (11.8 ) |
EDION Corp. | 119,000 | 1,378,230 | (15.3 ) |
Elecom Co. Ltd. | 48,400 | 456,279 | (5.1 ) |
FCC Co. Ltd. | 87,800 | 1,365,458 | (15.2 ) |
FULLCAST Holdings Co. Ltd. | 17,400 | 174,993 | (1.9 ) |
Furukawa Electric Co. Ltd. | 200,400 | 4,928,624 | (54.9 ) |
Futaba Industrial Co. Ltd. | 60,800 | 259,396 | (2.9 ) |
Glory Ltd. | 79,700 | 1,292,696 | (14.4 ) |
Hanwa Co. Ltd. | 14,900 | 493,688 | (5.5 ) |
Heiwa Real Estate Co. Ltd. | 19,400 | 532,860 | (5.9 ) |
Heiwado Co. Ltd. | 44,000 | 635,076 | (7.1 ) |
Hiday Hidaka Corp. | 37,000 | 665,687 | (7.4 ) |
Ichibanya Co. Ltd. | 118,500 | 812,540 | (9.0 ) |
Ichigo Office REIT Investment Corp. | 1,552 | 796,717 | (8.9 ) |
Inaba Denki Sangyo Co. Ltd. | 20,800 | 521,703 | (5.8 ) |
Inabata & Co. Ltd. | 11,500 | 244,668 | (2.7 ) |
Ishihara Sangyo Kaisha Ltd. | 48,300 | 462,212 | (5.1 ) |
JTEKT Corp. | 78,800 | 531,508 | (5.9 ) |
Kissei Pharmaceutical Co. Ltd. | 35,900 | 876,037 | (9.8 ) |
Kumagai Gumi Co. Ltd. | 105,900 | 2,448,817 | (27.3 ) |
Kyoritsu Maintenance Co. Ltd. | 87,700 | 1,408,006 | (15.7 ) |
Maxell Ltd. | 43,700 | 533,467 | (5.9 ) |
MEITEC Group Holdings, Inc. | 45,900 | 879,594 | (9.8 ) |
METAWATER Co. Ltd. | 37,000 | 428,103 | (4.8 ) |
Milbon Co. Ltd. | 110,900 | 2,344,132 | (26.1 ) |
Mitsubishi Shokuhin Co. Ltd. | 35,400 | 1,123,217 | (12.5 ) |
Mitsui Mining & Smelting Co. Ltd. | 259,200 | 8,235,221 | (91.7 ) |
MIXI, Inc. | 106,000 | 1,954,012 | (21.8 ) |
Modec, Inc. | 101,000 | 2,199,212 | (24.5 ) |
Monogatari Corp. | 35,400 | 832,539 | (9.3 ) |
Nippn Corp. | 146,900 | 2,118,006 | (23.6 ) |
Nippon Kayaku Co. Ltd. | 102,300 | 809,223 | (9.0 ) |
Nippon Light Metal Holdings Co. Ltd. | 82,600 | 882,806 | (9.8 ) |
Nippon Paper Industries Co. Ltd. | 224,600 | 1,311,198 | (14.6 ) |
Nisshin Oillio Group Ltd. | 18,800 | 638,907 | (7.1 ) |
Nisshinbo Holdings, Inc. | 250,000 | 1,587,395 | (17.7 ) |
Nittetsu Mining Co. Ltd. | 12,900 | 367,193 | (4.1 ) |
NOK Corp. | 72,100 | 1,033,744 | (11.5 ) |
Nomura Co. Ltd. | 125,000 | 633,394 | (7.0 ) |
Noritz Corp. | 10,900 | 126,301 | (1.4 ) |
North Pacific Bank Ltd. | 476,600 | 1,236,992 | (13.8 ) |
NSK Ltd. | 514,600 | 2,346,426 | (26.1 ) |
NTN Corp. | 776,600 | 1,279,518 | (14.2 ) |
Okamura Corp. | 101,100 | 1,270,564 | (14.1 ) |
Oki Electric Industry Co. Ltd. | 191,600 | 1,252,486 | (13.9 ) |
Onward Holdings Co. Ltd. | 210,900 | 720,152 | (8.0 ) |
Pacific Industrial Co. Ltd. | 92,900 | 831,701 | (9.3 ) |
Pigeon Corp. | 622,500 | 6,751,722 | (75.2 ) |
Prima Meat Packers Ltd. | 86,800 | 1,277,480 | (14.2 ) |
Raito Kogyo Co. Ltd. | 61,400 | 895,832 | (10.0 ) |
Saizeriya Co. Ltd. | 120,800 | 4,459,024 | (49.6 ) |
Sanki Engineering Co. Ltd. | 19,500 | 305,667 | (3.4 ) |
Starts Corp., Inc. | 11,800 | 271,820 | (3.0 ) |
Sumitomo Bakelite Co. Ltd. | 21,500 | 561,464 | (6.2 ) |
Sumitomo Mitsui Construction Co. Ltd. | 286,400 | 727,952 | (8.1 ) |
Suzuken Co. Ltd. | 78,100 | 2,553,398 | (28.4 ) |
Systena Corp. | 716,200 | 1,701,027 | (18.9 ) |
Taikisha Ltd. | 8,800 | 279,930 | (3.1 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Tamron Co. Ltd. | 51,700 | $1,454,903 | (16.2 )% |
Toa Corp./Tokyo | 130,500 | 840,102 | (9.4 ) |
TOKAI Holdings Corp. | 158,400 | 971,630 | (10.8 ) |
Tokai Rika Co. Ltd. | 73,100 | 1,033,522 | (11.5 ) |
Tosei Corp. | 68,900 | 1,071,599 | (11.9 ) |
Towa Pharmaceutical Co. Ltd. | 56,700 | 1,161,982 | (12.9 ) |
Toyo Seikan Group Holdings Ltd., Class L | 3,700 | 55,234 | (0.6 ) |
Toyoda Gosei Co. Ltd. | 207,700 | 3,528,886 | (39.3 ) |
Tsubakimoto Chain Co. | 26,700 | 336,181 | (3.7 ) |
United Super Markets Holdings, Inc. | 30,800 | 168,661 | (1.9 ) |
Valor Holdings Co. Ltd. | 35,300 | 486,384 | (5.4 ) |
Wacom Co. Ltd. | 173,900 | 801,651 | (8.9 ) |
YAMABIKO Corp. | 6,500 | 105,598 | (1.2 ) |
Yamazen Corp. | 45,200 | 392,624 | (4.4 ) |
Yaoko Co. Ltd. | 15,600 | 948,289 | (10.6 ) |
Yokogawa Bridge Holdings Corp. | 24,700 | 450,737 | (5.0 ) |
109,268,648 | |||
Netherlands | |||
Eurocommercial Properties NV | 10,112 | 256,834 | (2.8 ) |
Koninklijke BAM Groep NV | 126,537 | 584,020 | (6.5 ) |
PostNL NV | 575,720 | 690,742 | (7.7 ) |
1,531,596 | |||
Norway | |||
Aker Solutions ASA | 208,157 | 986,317 | (11.0 ) |
Elkem ASA | 188,131 | 306,819 | (3.4 ) |
Odfjell Drilling Ltd. | 206,005 | 948,991 | (10.5 ) |
Wallenius Wilhelmsen ASA | 41,386 | 411,475 | (4.6 ) |
2,653,602 | |||
Philippines | |||
TaskUS, Inc., Class A | 51,120 | 646,157 | (7.2 ) |
Portugal | |||
Mota-Engil SGPS SA | 499,207 | 1,391,871 | (15.5 ) |
Singapore | |||
City Developments Ltd. | 19,200 | 75,249 | (0.8 ) |
Frasers Logistics & Commercial Trust | 1,612,100 | 1,299,158 | (14.5 ) |
Grindr, Inc. | 385,245 | 5,154,578 | (57.4 ) |
iFAST Corp. Ltd | 373,800 | 2,114,839 | (23.5 ) |
8,643,824 | |||
Spain | |||
Construcciones y Auxiliar de Ferrocarriles SA | 21,236 | 838,510 | (9.3 ) |
Indra Sistemas SA | 130,798 | 2,305,901 | (25.7 ) |
3,144,411 | |||
Sweden | |||
Ambea AB | 26,533 | 227,378 | (2.5 ) |
VBG Group AB, Class B | 5,309 | 153,860 | (1.7 ) |
381,238 | |||
Switzerland | |||
International Workplace Group PLC | 446,514 | 922,837 | (10.3 ) |
United Kingdom | |||
Bytes Technology Group PLC | 410,968 | 2,393,274 | (26.6 ) |
Chemring Group PLC | 419,397 | 1,934,524 | (21.5 ) |
Close Brothers Group PLC | 150,570 | 442,668 | (4.9 ) |
Cranswick PLC | 43,638 | 2,852,841 | (31.8 ) |
Dunelm Group PLC | 120,113 | 1,721,169 | (19.2 ) |
Firstgroup PLC | 511,688 | 879,509 | (9.8 ) |
Hunting PLC | 179,853 | 694,850 | (7.7 ) |
Security | Shares | Value | % of Basket Value |
United Kingdom (continued) | |||
J D Wetherspoon PLC | 78,018 | $617,686 | (6.9 )% |
Jupiter Fund Management PLC | 218,313 | 226,611 | (2.5 ) |
Just Group PLC | 1,018,062 | 1,759,073 | (19.6 ) |
Mitchells & Butlers PLC | 80,261 | 259,518 | (2.9 ) |
Mitie Group PLC | 1,050,982 | 1,576,615 | (17.5 ) |
MONY Group PLC | 626,851 | 1,518,138 | (16.9 ) |
Morgan Sindall Group PLC | 24,120 | 1,165,309 | (13.0 ) |
NCC Group PLC | 126,665 | 252,179 | (2.8 ) |
Nomad Foods Ltd. | 433,094 | 7,600,800 | (84.6 ) |
Paragon Banking Group PLC | 264,921 | 2,343,394 | (26.1 ) |
QinetiQ Group PLC | 324,192 | 1,913,704 | (21.3 ) |
Serco Group PLC | 1,004,395 | 2,269,440 | (25.3 ) |
TP ICAP Group PLC | 420,738 | 1,217,959 | (13.6 ) |
Vesuvius PLC | 118,305 | 543,915 | (6.0 ) |
Workspace Group PLC | 56,139 | 400,308 | (4.5 ) |
34,583,484 | |||
United States | |||
1-800-Flowers.com, Inc., Class A | 46,433 | 386,323 | (4.3 ) |
Accel Entertainment, Inc., Class A | 28,933 | 319,420 | (3.6 ) |
Allient, Inc. | 9,260 | 160,105 | (1.8 ) |
Ambarella, Inc. | 30,324 | 1,703,906 | (19.0 ) |
American Woodmark Corp. | 22,166 | 2,010,678 | (22.4 ) |
Anywhere Real Estate, Inc. | 113,916 | 439,716 | (4.9 ) |
Apogee Enterprises, Inc. | 21,652 | 1,620,436 | (18.0 ) |
Archrock, Inc. | 398,602 | 7,980,012 | (88.8 ) |
Argan, Inc. | 2,265 | 299,071 | (3.3 ) |
Axogen, Inc. | 19,690 | 275,660 | (3.1 ) |
Bandwidth, Inc., Class A | 53,597 | 1,045,142 | (11.6 ) |
Beazer Homes USA, Inc. | 18,481 | 568,476 | (6.3 ) |
Benchmark Electronics, Inc. | 195,861 | 8,480,781 | (94.4 ) |
BlueLinx Holdings, Inc. | 10,384 | 1,136,633 | (12.7 ) |
Brinker International, Inc. | 52,177 | 5,359,100 | (59.7 ) |
Brookdale Senior Living, Inc. | 152,254 | 954,633 | (10.6 ) |
Castle Biosciences, Inc. | 56,551 | 1,960,623 | (21.8 ) |
CNA Financial Corp. | 148,376 | 7,108,694 | (79.1 ) |
ConnectOne Bancorp, Inc. | 22,006 | 533,425 | (5.9 ) |
CSG Systems International, Inc. | 69,560 | 3,242,192 | (36.1 ) |
Delek U.S. Holdings, Inc. | 112,329 | 1,760,195 | (19.6 ) |
Deluxe Corp. | 16,459 | 308,771 | (3.4 ) |
Dime Community Bancshares, Inc. | 16,363 | 492,035 | (5.5 ) |
DNOW, Inc. | 109,293 | 1,292,936 | (14.4 ) |
DXP Enterprises, Inc. | 17,805 | 873,869 | (9.7 ) |
Eagle Bancorp, Inc. | 13,563 | 355,486 | (4.0 ) |
El Pollo Loco Holdings, Inc. | 14,232 | 173,915 | (1.9 ) |
Elme Communities | 35,634 | 601,146 | (6.7 ) |
Enact Holdings, Inc. | 36,048 | 1,228,876 | (13.7 ) |
Enova International, Inc. | 51,322 | 4,460,395 | (49.7 ) |
Enovis Corp. | 51,063 | 2,107,370 | (23.5 ) |
EZCORP, Inc., Class A | 130,041 | 1,494,171 | (16.6 ) |
Flushing Financial Corp. | 58,382 | 915,138 | (10.2 ) |
Forestar Group, Inc. | 1,127 | 35,579 | (0.4 ) |
Franklin Covey Co. | 20,581 | 819,330 | (9.1 ) |
Fulgent Genetics, Inc. | 11,324 | 242,900 | (2.7 ) |
Gibraltar Industries, Inc. | 28,450 | 1,920,090 | (21.4 ) |
G-III Apparel Group Ltd. | 72,376 | 2,191,545 | (24.4 ) |
Global Industrial Co. | 12,992 | 344,678 | (3.8 ) |
GQG Partners, Inc., CDI | 910,939 | 1,653,503 | (18.4 ) |
Granite Construction, Inc. | 123,268 | 10,360,675 | (115.3 ) |
Gray Television, Inc. | 91,639 | 523,259 | (5.8 ) |
Greenbrier Cos, Inc. | 103,804 | 6,152,463 | (68.5 ) |
Hackett Group, Inc. | 25,177 | 612,305 | (6.8 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Harmony Biosciences Holdings, Inc. | 115,932 | $3,724,895 | (41.5 )% |
Haverty Furniture Cos, Inc. | 106,309 | 2,354,744 | (26.2 ) |
Health Catalyst, Inc. | 71,841 | 558,205 | (6.2 ) |
Healthcare Services Group, Inc. | 45,845 | 502,920 | (5.6 ) |
HealthStream, Inc. | 40,741 | 1,191,063 | (13.3 ) |
Heidrick & Struggles International, Inc. | 12,278 | 479,579 | (5.3 ) |
Horizon Bancorp, Inc. | 43,972 | 704,431 | (7.8 ) |
Independent Bank Corp. | 21,394 | 701,295 | (7.8 ) |
Innoviva, Inc. | 54,678 | 1,069,502 | (11.9 ) |
Intapp, Inc. | 5,625 | 282,206 | (3.1 ) |
iRadimed Corp. | 6,580 | 324,197 | (3.6 ) |
Korn Ferry | 94,883 | 6,703,484 | (74.6 ) |
Liberty Energy, Inc., Class A | 352,203 | 6,012,105 | (66.9 ) |
LivaNova PLC | 112,128 | 5,788,047 | (64.4 ) |
MaxLinear, Inc. | 36,434 | 472,549 | (5.3 ) |
Medical Properties Trust, Inc. | 138,991 | 643,528 | (7.2 ) |
Methode Electronics, Inc. | 20,066 | 174,976 | (2.0 ) |
Midland States Bancorp, Inc. | 15,814 | 392,345 | (4.4 ) |
MiNK Therapeutics, Inc. | 72 | 51 | (0.0 ) |
Montrose Environmental Group, Inc. | 63,414 | 1,672,227 | (18.6 ) |
Mueller Water Products, Inc., Class A | 579,339 | 12,507,929 | (139.2 ) |
National Vision Holdings, Inc. | 332,263 | 3,455,535 | (38.5 ) |
NetScout Systems, Inc. | 48,678 | 1,023,698 | (11.4 ) |
NETSTREIT Corp. | 166,692 | 2,583,726 | (28.8 ) |
NMI Holdings, Inc., Class A | 30,643 | 1,185,271 | (13.2 ) |
OneSpan, Inc. | 286,624 | 4,780,888 | (53.2 ) |
Outfront Media, Inc. | 131,048 | 2,327,412 | (25.9 ) |
Palomar Holdings, Inc. | 20,801 | 1,867,306 | (20.8 ) |
Patterson-UTI Energy, Inc. | 759,727 | 5,827,106 | (64.9 ) |
Pennant Group, Inc. | 7,818 | 249,941 | (2.8 ) |
Playtika Holding Corp. | 88,394 | 692,125 | (7.7 ) |
PRA Group, Inc. | 61,061 | 1,230,990 | (13.7 ) |
Premier Financial Corp. | 20,727 | 511,128 | (5.7 ) |
Progyny, Inc. | 14,436 | 217,262 | (2.4 ) |
Radius Recycling, Inc., Class A | 15,692 | 254,053 | (2.8 ) |
REX American Resources Corp. | 21,452 | 959,548 | (10.7 ) |
RHI Magnesita NV | 8,271 | 342,479 | (3.8 ) |
RLJ Lodging Trust | 343,348 | 3,038,630 | (33.8 ) |
SI-BONE, Inc. | 56,770 | 783,426 | (8.7 ) |
Signify NV | 2,986 | 73,111 | (0.8 ) |
Spectrum Brands Holdings, Inc. | 209,967 | 18,817,243 | (209.5 ) |
Summit Hotel Properties, Inc. | 617,182 | 3,777,154 | (42.0 ) |
Surgery Partners, Inc. | 101,093 | 2,911,478 | (32.4 ) |
Synaptics, Inc. | 189,970 | 13,045,240 | (145.2 ) |
Terex Corp. | 11,560 | 597,768 | (6.7 ) |
Thryv Holdings, Inc. | 2,110 | 30,342 | (0.3 ) |
Trinity Industries, Inc. | 387,563 | 13,285,660 | (147.9 ) |
Turning Point Brands, Inc. | 43,952 | 2,075,853 | (23.1 ) |
Tutor Perini Corp. | 122,210 | 3,167,683 | (35.3 ) |
Univest Financial Corp. | 15,200 | 423,016 | (4.7 ) |
Upbound Group, Inc. | 48,390 | 1,414,924 | (15.8 ) |
Upwork, Inc. | 51,249 | 694,936 | (7.7 ) |
Verint Systems, Inc. | 98,672 | 2,101,714 | (23.4 ) |
Viad Corp. | 6,347 | 237,632 | (2.7 ) |
Vimeo, Inc. | 26,077 | 124,387 | (1.4 ) |
Virtu Financial, Inc., Class A | 168,701 | 5,222,983 | (58.1 ) |
Vital Farms, Inc. | 12,956 | 449,314 | (5.0 ) |
Willdan Group, Inc. | 48,886 | 2,312,797 | (25.7 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Wolverine World Wide, Inc. | 403,040 | $6,202,786 | (69.1 )% |
Yext, Inc. | 63,087 | 456,750 | (5.1 ) |
Zumiez, Inc. | 17,525 | 361,015 | (4.0 ) |
241,880,244 | |||
Rights | |||
Italy | |||
Sesa SpA, (Expires 12/12/24, Strike Price EUR, 110.20) | 7,774 | — | 0.0 |
Total Reference Entity — Long | 473,527,534 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Amotiv Ltd. | (86,653 ) | (603,121 ) | 6.7 |
Bellevue Gold Ltd. | (370,351 ) | (393,010 ) | 4.4 |
Boss Energy Ltd. | (111,854 ) | (248,746 ) | 2.8 |
Capricorn Metals Ltd. | (50,791 ) | (204,235 ) | 2.3 |
Champion Iron Ltd. | (140,580 ) | (539,556 ) | 6.0 |
Coronado Global Resources, Inc., CDI | (2,280,015 ) | (1,518,823 ) | 16.9 |
Kelsian Group Ltd. | (110,127 ) | (281,952 ) | 3.1 |
Leo Lithium Ltd. | (33,787 ) | (8,422 ) | 0.1 |
Neuren Pharmaceuticals Ltd. | (51,284 ) | (412,755 ) | 4.6 |
PEXA Group Ltd. | (54,112 ) | (480,732 ) | 5.4 |
Sigma Healthcare Ltd. | (582,318 ) | (747,614 ) | 8.3 |
Silex Systems Ltd. | (86,052 ) | (291,998 ) | 3.2 |
Stanmore Resources Ltd. | (660,559 ) | (1,355,406 ) | 15.1 |
Strike Energy Ltd. | (6,241,988 ) | (872,693 ) | 9.7 |
(7,959,063 ) | |||
Belgium | |||
Azelis Group NV | (47,757 ) | (956,758 ) | 10.6 |
Biocartis Group NV | (30 ) | — | 0.0 |
Cofinimmo SA | (72,295 ) | (4,564,692 ) | 50.8 |
Melexis NV | (34,789 ) | (2,272,015 ) | 25.3 |
Xior Student Housing NV | (22,694 ) | (762,412 ) | 8.5 |
(8,555,877 ) | |||
Brazil | |||
ERO Copper Corp. | (141,280 ) | (2,594,556 ) | 28.9 |
Canada | |||
Altus Group Ltd. | (5,374 ) | (203,327 ) | 2.3 |
Boyd Group Services, Inc. | (43,483 ) | (6,767,527 ) | 75.3 |
Definity Financial Corp. | (42,284 ) | (1,631,716 ) | 18.2 |
Docebo, Inc. | (6,442 ) | (293,426 ) | 3.3 |
Dream Industrial Real Estate Investment Trust | (534,231 ) | (5,072,384 ) | 56.5 |
Encore Energy Corp. | (14,487 ) | (57,226 ) | 0.6 |
EQB, Inc. | (4,224 ) | (324,062 ) | 3.6 |
Filo Corp. | (83,594 ) | (1,926,021 ) | 21.4 |
Kinaxis, Inc. | (11,882 ) | (1,319,663 ) | 14.7 |
Linamar Corp. | (3,245 ) | (132,774 ) | 1.5 |
MAG Silver Corp. | (54,824 ) | (938,704 ) | 10.4 |
Martinrea International, Inc. | (62,847 ) | (464,915 ) | 5.2 |
North West Co., Inc. | (8,856 ) | (333,352 ) | 3.7 |
Novagold Resources, Inc. | (454,188 ) | (1,569,034 ) | 17.5 |
Sandstorm Gold Ltd. | (131,710 ) | (798,386 ) | 8.9 |
Skeena Resources Ltd. | (142,350 ) | (1,383,269 ) | 15.4 |
South Bow Corp. | (39,058 ) | (975,363 ) | 10.8 |
Spartan Delta Corp. | (154,058 ) | (375,090 ) | 4.2 |
Security | Shares | Value | % of Basket Value |
Canada (continued) | |||
Spin Master Corp. | (34,354 ) | $(727,125 ) | 8.1 % |
StorageVault Canada, Inc. | (140,089 ) | (409,496 ) | 4.5 |
Trisura Group Ltd. | (21,235 ) | (628,349 ) | 7.0 |
Westshore Terminals Investment Corp. | (78,757 ) | (1,301,539 ) | 14.5 |
Winpak Ltd. | (7,183 ) | (255,933 ) | 2.8 |
(27,888,681 ) | |||
China | |||
AustAsia Group Ltd. | (1,000 ) | (147 ) | 0.0 |
Denmark | |||
Better Collective A/S | (1,429 ) | (18,750 ) | 0.2 |
Cadeler A/S | (19,358 ) | (130,048 ) | 1.5 |
Dfds A/S | (59,327 ) | (1,356,815 ) | 15.1 |
Spar Nord Bank A/S | (56,893 ) | (1,096,667 ) | 12.2 |
Svitzer Group A/S | (22,788 ) | (791,528 ) | 8.8 |
(3,393,808 ) | |||
Faeroe Islands | |||
Bakkafrost P/F | (42,868 ) | (2,585,179 ) | 28.8 |
Finland | |||
Cargotec Oyj, Class B | (55,678 ) | (3,366,132 ) | 37.5 |
Huhtamaki Oyj | (3,444 ) | (134,987 ) | 1.5 |
Kalmar Oyj, Class B | (26,277 ) | (818,290 ) | 9.1 |
Kemira OYJ | (4,238 ) | (89,985 ) | 1.0 |
Metsa Board OYJ, Class B | (84,889 ) | (456,686 ) | 5.1 |
TietoEVRY Oyj | (85,064 ) | (1,582,235 ) | 17.6 |
(6,448,315 ) | |||
France | |||
Alten SA | (19,691 ) | (1,665,663 ) | 18.5 |
Esker SA | (9,607 ) | (2,738,753 ) | 30.5 |
Mercialys SA | (5,621 ) | (66,319 ) | 0.7 |
Metropole Television SA | (15,296 ) | (193,239 ) | 2.2 |
Nexity SA | (58,867 ) | (919,561 ) | 10.2 |
Rubis SCA | (112,922 ) | (2,766,824 ) | 30.8 |
Vallourec SACA | (5,225 ) | (86,026 ) | 1.0 |
Verallia SA | (134,150 ) | (3,868,741 ) | 43.1 |
(12,305,126 ) | |||
Germany | |||
Eckert & Ziegler SE | (6,372 ) | (273,389 ) | 3.0 |
Fielmann Group AG | (12,613 ) | (634,431 ) | 7.1 |
Siltronic AG | (18,417 ) | (1,046,177 ) | 11.6 |
Sixt SE | (6,325 ) | (500,989 ) | 5.6 |
Thyssenkrupp Nucera AG & Co. KGaa | (9,660 ) | (99,974 ) | 1.1 |
(2,554,960 ) | |||
Ghana | |||
Tullow Oil PLC | (2,073,299 ) | (634,669 ) | 7.1 |
Indonesia | |||
Golden Agri-Resources Ltd. | (2,701,700 ) | (593,331 ) | 6.6 |
Nickel Industries Ltd. | (543,576 ) | (321,139 ) | 3.6 |
(914,470 ) | |||
Ireland | |||
C&C Group PLC | (415,518 ) | (789,754 ) | 8.8 |
Dalata Hotel Group PLC | (90,901 ) | (426,365 ) | 4.7 |
(1,216,119 ) |
Security | Shares | Value | % of Basket Value |
Israel | |||
Israel Corp. Ltd. | (6,573 ) | $(1,435,979 ) | 16.0 % |
OPC Energy Ltd. | (11,118 ) | (90,030 ) | 1.0 |
(1,526,009 ) | |||
Italy | |||
ERG SpA | (47,115 ) | (1,058,103 ) | 11.8 |
Ermenegildo Zegna NV | (110,025 ) | (836,190 ) | 9.3 |
Eurogroup Laminations SpA | (102,858 ) | (383,826 ) | 4.2 |
Interpump Group SpA | (172,210 ) | (7,651,767 ) | 85.2 |
Piaggio & C SpA | (144,921 ) | (348,942 ) | 3.9 |
Technoprobe SpA | (59,588 ) | (404,617 ) | 4.5 |
(10,683,445 ) | |||
Japan | |||
Advance Logistics Investment Corp. | (480 ) | (374,523 ) | 4.2 |
Aiful Corp. | (180,600 ) | (379,506 ) | 4.2 |
Alps Logistics Co. Ltd. | (2,500 ) | (94,393 ) | 1.1 |
Aozora Bank Ltd. | (80,600 ) | (1,389,557 ) | 15.5 |
Arclands Corp. | (82,300 ) | (899,189 ) | 10.0 |
Ariake Japan Co. Ltd. | (15,000 ) | (523,695 ) | 5.8 |
Asahi Yukizai Corp. | (5,700 ) | (152,070 ) | 1.7 |
Bank of Nagoya Ltd. | (4,100 ) | (160,539 ) | 1.8 |
Base Co. Ltd. | (10,600 ) | (204,506 ) | 2.3 |
C Uyemura & Co. Ltd. | (8,700 ) | (604,671 ) | 6.7 |
Daiei Kankyo Co. Ltd. | (34,500 ) | (711,595 ) | 7.9 |
Daishi Hokuetsu Financial Group, Inc. | (13,400 ) | (212,744 ) | 2.4 |
Descente Ltd. | (42,800 ) | (1,212,326 ) | 13.5 |
Enplas Corp. | (10,500 ) | (465,958 ) | 5.2 |
First Bank of Toyama Ltd. | (60,300 ) | (436,670 ) | 4.9 |
FP Partner, Inc. | (14,300 ) | (273,573 ) | 3.0 |
Freee KK | (4,600 ) | (85,842 ) | 1.0 |
Fukuyama Transporting Co. Ltd. | (18,900 ) | (480,658 ) | 5.3 |
Furuya Metal Co. Ltd. | (4,800 ) | (124,627 ) | 1.4 |
Future Corp. | (10,100 ) | (129,323 ) | 1.4 |
Godo Steel, Ltd. | (15,100 ) | (384,692 ) | 4.3 |
Hirata Corp. | (5,800 ) | (184,962 ) | 2.1 |
Hokuetsu Corp. | (15,900 ) | (158,557 ) | 1.8 |
Hokuhoku Financial Group, Inc. | (60,600 ) | (633,360 ) | 7.0 |
Hoshino Resorts REIT, Inc. | (186 ) | (282,350 ) | 3.1 |
Idec Corp./Japan | (19,600 ) | (315,956 ) | 3.5 |
Iino Kaiun Kaisha Ltd. | (37,200 ) | (272,920 ) | 3.0 |
Insource Co. Ltd. | (22,800 ) | (142,881 ) | 1.6 |
Kanto Denka Kogyo Co. Ltd. | (13,800 ) | (87,755 ) | 1.0 |
KeePer Technical Laboratory Co. Ltd. | (28,000 ) | (769,014 ) | 8.6 |
Keihan Holdings Co. Ltd. | (56,000 ) | (1,045,364 ) | 11.6 |
KH Neochem Co. Ltd. | (12,800 ) | (172,595 ) | 1.9 |
Kiyo Bank Ltd. | (35,300 ) | (413,439 ) | 4.6 |
Kohnan Shoji Co. Ltd. | (900 ) | (21,341 ) | 0.2 |
Komeri Co. Ltd. | (25,300 ) | (546,864 ) | 6.1 |
Kosaido Holdings Co. Ltd. | (73,700 ) | (256,897 ) | 2.9 |
Kumiai Chemical Industry Co. Ltd. | (117,700 ) | (626,514 ) | 7.0 |
KYB Corp. | (12,900 ) | (405,258 ) | 4.5 |
Lifedrink Co, Inc. | (9,200 ) | (106,241 ) | 1.2 |
Mars Group Holdings Corp. | (6,800 ) | (139,932 ) | 1.6 |
Mitsui E&S Co. Ltd. | (78,600 ) | (568,610 ) | 6.3 |
Mitsui Fudosan Logistics Park, Inc. | (536 ) | (356,872 ) | 4.0 |
Mitsui-Soko Holdings Co. Ltd. | (1,100 ) | (51,086 ) | 0.6 |
Nakayama Steel Works Ltd. | (10,900 ) | (53,737 ) | 0.6 |
Nankai Electric Railway Co. Ltd. | (28,800 ) | (452,655 ) | 5.0 |
Nihon Kohden Corp. | (9,000 ) | (134,157 ) | 1.5 |
Nikkon Holdings Co. Ltd. | (62,300 ) | (797,592 ) | 8.9 |
Nippon Accommodations Fund, Inc. | (102 ) | (408,463 ) | 4.5 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Nippon Carbon Co. Ltd. | (7,900 ) | $(231,624 ) | 2.6 % |
Nojima Corp. | (61,200 ) | (858,320 ) | 9.6 |
Orient Corp. | (32,600 ) | (193,710 ) | 2.2 |
Osaka Soda Co. Ltd. | (79,300 ) | (832,908 ) | 9.3 |
Pillar Corp. /Japan | (3,200 ) | (89,594 ) | 1.0 |
Piolax, Inc. | (35,300 ) | (559,450 ) | 6.2 |
Raysum Co. Ltd. | (23,400 ) | (897,743 ) | 10.0 |
Riken Keiki Co. Ltd. | (20,400 ) | (577,969 ) | 6.4 |
Roland Corp. | (15,200 ) | (388,825 ) | 4.3 |
Sanyo Denki Co. Ltd. | (200 ) | (11,612 ) | 0.1 |
SOSiLA Logistics REIT, Inc. | (1,422 ) | (1,025,802 ) | 11.4 |
Star Micronics Co. Ltd. | (24,100 ) | (308,701 ) | 3.4 |
Takara Holdings, Inc. | (69,100 ) | (543,152 ) | 6.0 |
Toho Bank Ltd. | (314,800 ) | (540,046 ) | 6.0 |
Topre Corp. | (5,100 ) | (58,748 ) | 0.7 |
TRE Holdings Corp. | (54,400 ) | (638,021 ) | 7.1 |
Wacoal Holdings Corp. | (300 ) | (9,340 ) | 0.1 |
Yamato Kogyo Co. Ltd. | (11,400 ) | (544,517 ) | 6.1 |
Yodogawa Steel Works Ltd. | (1,900 ) | (67,147 ) | 0.7 |
(27,083,258 ) | |||
Luxembourg | |||
RTL Group SA | (47,814 ) | (1,521,572 ) | 16.9 |
Netherlands | |||
Aalberts NV | (21,828 ) | (787,670 ) | 8.8 |
AMG Critical Materials NV | (85,098 ) | (1,451,743 ) | 16.1 |
Flow Traders Ltd. | (91,103 ) | (2,085,007 ) | 23.2 |
SIF Holding NV | (9 ) | (135 ) | 0.0 |
TKH Group NV | (28,266 ) | (1,150,126 ) | 12.8 |
(5,474,681 ) | |||
New Zealand | |||
Mainfreight Ltd. | (31,699 ) | (1,357,516 ) | 15.1 |
Norway | |||
Hoegh Autoliners ASA | (14,215 ) | (149,602 ) | 1.7 |
MPC Container Ships ASA | (302,017 ) | (595,258 ) | 6.6 |
NEL ASA | (4,136,773 ) | (1,600,372 ) | 17.8 |
(2,345,232 ) | |||
Philippines | |||
TELUS International CDA, Inc. | (102,384 ) | (390,461 ) | 4.3 |
Spain | |||
Befesa SA | (70,807 ) | (1,649,038 ) | 18.4 |
Solaria Energia y Medio Ambiente SA | (445,461 ) | (4,672,457 ) | 52.0 |
Vidrala SA | (9,877 ) | (1,068,002 ) | 11.9 |
Viscofan SA | (6,756 ) | (451,817 ) | 5.0 |
(7,841,314 ) | |||
Sweden | |||
AcadeMedia AB | (24 ) | (148 ) | 0.0 |
Dometic Group AB | (65,774 ) | (357,180 ) | 4.0 |
Hufvudstaden AB, Class A | (72,531 ) | (857,245 ) | 9.5 |
Paradox Interactive AB | (8,280 ) | (156,204 ) | 1.7 |
Stillfront Group AB | (192,402 ) | (133,835 ) | 1.5 |
Surgical Science Sweden AB | (29,748 ) | (350,681 ) | 3.9 |
Truecaller AB, Class B | (258,200 ) | (1,155,492 ) | 12.9 |
Vitec Software Group AB, Class B | (9,552 ) | (417,419 ) | 4.7 |
(3,428,204 ) | |||
Switzerland | |||
Aryzta AG | (1,369,618 ) | (2,422,123 ) | 27.0 |
Security | Shares | Value | % of Basket Value |
Switzerland (continued) | |||
Autoneum Holding AG, Class N | (2 ) | $(268 ) | 0.0 % |
Cembra Money Bank AG | (29,974 ) | (2,699,258 ) | 30.0 |
Daetwyler Holding AG | (2,555 ) | (430,198 ) | 4.8 |
Garrett Motion, Inc. | (80,961 ) | (601,540 ) | 6.7 |
Interroll Holding AG, Class N, Registered Shares | (637 ) | (1,675,170 ) | 18.6 |
Medacta Group SA | (4,335 ) | (576,293 ) | 6.4 |
Mobimo Holding AG, Registered Shares | (4,931 ) | (1,527,465 ) | 17.0 |
SFS Group AG | (22,199 ) | (3,176,427 ) | 35.3 |
Siegfried Holding AG, Class N, Registered Shares | (473 ) | (617,853 ) | 6.9 |
SKAN Group AG | (4,488 ) | (401,220 ) | 4.5 |
Swissquote Group Holding SA, Registered Shares | (2,102 ) | (715,037 ) | 8.0 |
(14,842,852 ) | |||
United Arab Emirates | |||
Finablr PLC | (44,203 ) | (1 ) | 0.0 |
United Kingdom | |||
Allfunds Group Plc | (9,553 ) | (58,432 ) | 0.7 |
Aston Martin Lagonda Global Holdings PLC | (585,060 ) | (863,055 ) | 9.6 |
Auction Technology Group PLC | (118,010 ) | (685,517 ) | 7.6 |
Capita PLC | (165,920 ) | (40,420 ) | 0.5 |
Coats Group PLC | (944,565 ) | (1,159,155 ) | 12.9 |
Crest Nicholson Holdings plc | (691,759 ) | (1,508,918 ) | 16.8 |
Direct Line Insurance Group PLC | (26,971 ) | (57,031 ) | 0.6 |
Dr Martens PLC | (2,270,674 ) | (1,601,573 ) | 17.8 |
Elementis PLC | (304,042 ) | (522,991 ) | 5.8 |
Great Portland Estates PLC | (226,984 ) | (917,566 ) | 10.2 |
Hays PLC | (3,704,475 ) | (3,693,732 ) | 41.1 |
Home Reit PLC | (350,343 ) | (103,135 ) | 1.1 |
Ibstock PLC | (186,710 ) | (482,710 ) | 5.4 |
Indivior PLC | (302,481 ) | (2,682,998 ) | 29.9 |
Moonpig Group PLC | (535,404 ) | (1,725,943 ) | 19.2 |
Oxford Nanopore Technologies PLC | (891,353 ) | (1,545,884 ) | 17.2 |
Pagegroup PLC | (419,225 ) | (1,931,997 ) | 21.5 |
Playtech Plc | (274,940 ) | (2,573,827 ) | 28.7 |
Rathbones Group PLC | (5,199 ) | (111,552 ) | 1.2 |
Safestore Holdings PLC | (489,965 ) | (5,109,961 ) | 56.9 |
Senior PLC | (97,907 ) | (167,150 ) | 1.9 |
Victrex PLC | (54,133 ) | (594,712 ) | 6.6 |
WH Smith PLC | (67,893 ) | (1,155,590 ) | 12.9 |
(29,293,849 ) | |||
United States | |||
Adeia, Inc. | (78,980 ) | (981,721 ) | 10.9 |
Amerant Bancorp, Inc., Class A | (20,727 ) | (441,900 ) | 4.9 |
American Coastal Insurance Corp. | (10,133 ) | (123,116 ) | 1.4 |
American Healthcare REIT, Inc. | (67,277 ) | (1,789,568 ) | 19.9 |
Apollo Commercial Real Estate Finance, Inc. | (136,089 ) | (1,209,831 ) | 13.5 |
Appian Corp., Class A | (5,255 ) | (187,866 ) | 2.1 |
Applied Digital Corp. | (25,862 ) | (174,827 ) | 1.9 |
Arhaus, Inc., Class A | (113,063 ) | (958,774 ) | 10.7 |
Arlo Technologies, Inc. | (98,946 ) | (1,005,291 ) | 11.2 |
Artesian Resources Corp., Class A | (8,608 ) | (288,454 ) | 3.2 |
Atlas Energy Solutions, Inc. | (112,276 ) | (2,197,241 ) | 24.5 |
AtriCure, Inc. | (3,695 ) | (122,600 ) | 1.4 |
Avadel Pharmaceuticals PLC | (18,980 ) | (293,621 ) | 3.3 |
Avis Budget Group, Inc. | (1,056 ) | (87,648 ) | 1.0 |
AZZ, Inc. | (9,440 ) | (719,139 ) | 8.0 |
Baldwin Insurance Group, Inc., Class A | (38,569 ) | (1,784,202 ) | 19.9 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Bancorp, Inc. | (128,529 ) | $(6,459,868 ) | 71.9 % |
BioLife Solutions, Inc. | (23,689 ) | (554,323 ) | 6.2 |
Boston Omaha Corp., Class A | (27,651 ) | (408,129 ) | 4.5 |
Camping World Holdings, Inc., Class A | (121,137 ) | (2,430,008 ) | 27.0 |
Cass Information Systems, Inc. | (15,598 ) | (645,133 ) | 7.2 |
Centrus Energy Corp., Class A | (47,294 ) | (4,909,590 ) | 54.6 |
Centuri Holdings, Inc. | (5,081 ) | (95,370 ) | 1.1 |
Chesapeake Utilities Corp. | (105,253 ) | (12,608,257 ) | 140.3 |
Clearfield, Inc. | (19,461 ) | (699,234 ) | 7.8 |
CNX Resources Corp. | (29,833 ) | (1,015,217 ) | 11.3 |
Cogent Communications Holdings, Inc. | (1,596 ) | (128,111 ) | 1.4 |
Columbia Financial, Inc. | (23,419 ) | (399,997 ) | 4.5 |
Conduent, Inc. | (76,533 ) | (275,519 ) | 3.1 |
Core Laboratories, Inc. | (236,195 ) | (4,464,085 ) | 49.7 |
Cytek Biosciences, Inc. | (68,078 ) | (336,646 ) | 3.7 |
Dine Brands Global, Inc. | (218,260 ) | (6,643,834 ) | 74.0 |
Distribution Solutions Group, Inc. | (12,303 ) | (473,666 ) | 5.3 |
Ecovyst, Inc. | (103,501 ) | (689,317 ) | 7.7 |
Embecta Corp. | (102,038 ) | (1,436,695 ) | 16.0 |
ESCO Technologies, Inc. | (12,454 ) | (1,563,475 ) | 17.4 |
Excelerate Energy, Inc., Class A | (23,325 ) | (557,001 ) | 6.2 |
EyePoint Pharmaceuticals, Inc. | (7,101 ) | (83,508 ) | 0.9 |
F&G Annuities & Life, Inc. | (18,652 ) | (747,945 ) | 8.3 |
First Advantage Corp. | (187,925 ) | (3,405,201 ) | 37.9 |
First Bancorp/Southern Pines NC | (41,019 ) | (1,710,492 ) | 19.0 |
First Commonwealth Financial Corp. | (75,383 ) | (1,239,297 ) | 13.8 |
First Community Bankshares, Inc. | (9,827 ) | (407,427 ) | 4.5 |
First Merchants Corp. | (8,823 ) | (326,892 ) | 3.6 |
Fluence Energy, Inc., Class A | (49,226 ) | (1,070,665 ) | 11.9 |
Forward Air Corp. | (5,902 ) | (208,518 ) | 2.3 |
Global Medical REIT, Inc. | (52,501 ) | (477,234 ) | 5.3 |
Gogo, Inc. | (18,530 ) | (121,372 ) | 1.3 |
Goosehead Insurance, Inc., Class A | (66,259 ) | (7,215,605 ) | 80.3 |
Great Southern Bancorp, Inc. | (5,201 ) | (294,845 ) | 3.3 |
Grid Dynamics Holdings, Inc., Class A | (14,258 ) | (226,987 ) | 2.5 |
H&E Equipment Services, Inc. | (186,836 ) | (9,762,181 ) | 108.7 |
Hawkins, Inc. | (4,112 ) | (439,573 ) | 4.9 |
Helios Technologies, Inc. | (110,235 ) | (5,085,141 ) | 56.6 |
Herbalife Ltd. | (326,913 ) | (2,468,193 ) | 27.5 |
Highwoods Properties, Inc. | (16,480 ) | (552,739 ) | 6.2 |
Hope Bancorp, Inc. | (22,309 ) | (276,409 ) | 3.1 |
Ingles Markets, Inc., Class A | (8,459 ) | (540,192 ) | 6.0 |
Innovative Industrial Properties, Inc. | (27,950 ) | (3,610,860 ) | 40.2 |
Integra LifeSciences Holdings Corp. | (89,075 ) | (1,671,047 ) | 18.6 |
International Bancshares Corp. | (23,360 ) | (1,431,034 ) | 15.9 |
Invesco Mortgage Capital, Inc. | (7,080 ) | (57,136 ) | 0.6 |
Kemper Corp. | (19,249 ) | (1,198,635 ) | 13.3 |
Krispy Kreme, Inc. | (154,919 ) | (1,761,429 ) | 19.6 |
Laureate Education, Inc., Class A | (210,905 ) | (3,623,348 ) | 40.3 |
Limbach Holdings, Inc. | (11,744 ) | (892,192 ) | 9.9 |
Live Oak Bancshares, Inc. | (37,271 ) | (1,480,031 ) | 16.5 |
Loar Holdings, Inc. | (7,704 ) | (663,931 ) | 7.4 |
LTC Properties, Inc. | (78,680 ) | (3,005,576 ) | 33.5 |
MaxCyte, Inc. | (3,944 ) | (14,120 ) | 0.2 |
Mercury Systems, Inc. | (109,433 ) | (3,540,158 ) | 39.4 |
Mesa Laboratories, Inc. | (3,499 ) | (399,026 ) | 4.4 |
Metallus, Inc. | (48,463 ) | (682,844 ) | 7.6 |
MGE Energy, Inc. | (132,309 ) | (11,972,641 ) | 133.3 |
Middlesex Water Co. | (14,391 ) | (880,585 ) | 9.8 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Mission Produce, Inc. | (34,943 ) | $(412,327 ) | 4.6 % |
Montauk Renewables, Inc. | (16,413 ) | (90,764 ) | 1.0 |
MP Materials Corp., Class A | (19,504 ) | (350,877 ) | 3.9 |
MSC Industrial Direct Co., Inc., Class A | (208,323 ) | (16,472,100 ) | 183.4 |
Navient Corp. | (295,288 ) | (4,201,948 ) | 46.8 |
NB Bancorp, Inc. | (251,110 ) | (4,743,468 ) | 52.8 |
NBT Bancorp, Inc. | (24,233 ) | (1,077,884 ) | 12.0 |
NextDecade Corp. | (32,185 ) | (187,960 ) | 2.1 |
NextNav, Inc. | (42,374 ) | (492,386 ) | 5.5 |
nLight, Inc. | (44,514 ) | (555,535 ) | 6.2 |
Northern Oil & Gas, Inc. | (368,620 ) | (13,362,475 ) | 148.7 |
Open Lending Corp. | (192,562 ) | (1,078,347 ) | 12.0 |
Ormat Technologies, Inc. | (54,066 ) | (4,272,295 ) | 47.6 |
Papa John’s International, Inc. | (177,600 ) | (9,304,464 ) | 103.6 |
Pediatrix Medical Group, Inc. | (148,455 ) | (1,828,966 ) | 20.4 |
Phathom Pharmaceuticals, Inc. | (11,634 ) | (199,523 ) | 2.2 |
Phillips Edison & Co., Inc. | (221,340 ) | (8,368,865 ) | 93.2 |
Pitney Bowes, Inc. | (196,796 ) | (1,418,899 ) | 15.8 |
PolyPeptide Group AG | (14,734 ) | (491,559 ) | 5.5 |
PotlatchDeltic Corp. | (72,289 ) | (3,005,054 ) | 33.4 |
Premier, Inc., Class A | (312,715 ) | (6,301,207 ) | 70.1 |
Proto Labs, Inc. | (46,599 ) | (1,276,813 ) | 14.2 |
RCI Hospitality Holdings, Inc. | (20,172 ) | (875,868 ) | 9.7 |
Ready Capital Corp. | (148,181 ) | (1,015,040 ) | 11.3 |
Retail Opportunity Investments Corp. | (172,942 ) | (2,680,601 ) | 29.8 |
RMR Group, Inc., Class A | (14,748 ) | (354,984 ) | 3.9 |
Rogers Corp. | (10,725 ) | (1,075,503 ) | 12.0 |
S&T Bancorp, Inc. | (21,446 ) | (814,519 ) | 9.1 |
Sable Offshore Corp., Class A | (3,092 ) | (69,137 ) | 0.8 |
Safety Insurance Group, Inc. | (12,389 ) | (969,625 ) | 10.8 |
Schneider National, Inc., Class B | (469,880 ) | (13,288,206 ) | 147.9 |
Shoals Technologies Group, Inc., Class A | (282,076 ) | (1,526,031 ) | 17.0 |
Silgan Holdings, Inc. | (113,266 ) | (5,860,383 ) | 65.2 |
SiTime Corp. | (42,591 ) | (7,198,305 ) | 80.1 |
Sphere Entertainment Co., Class A | (4,592 ) | (191,992 ) | 2.1 |
Stellar Bancorp, Inc. | (25,598 ) | (696,778 ) | 7.8 |
StepStone Group, Inc., Class A | (49,403 ) | (2,970,602 ) | 33.1 |
Sunstone Hotel Investors, Inc. | (35,276 ) | (355,935 ) | 4.0 |
TI Fluid Systems PLC | (354,958 ) | (779,007 ) | 8.7 |
Towne Bank | (22,374 ) | (727,602 ) | 8.1 |
TreeHouse Foods, Inc. | (62,390 ) | (2,269,748 ) | 25.3 |
Triumph Financial, Inc. | (6,803 ) | (601,181 ) | 6.7 |
Triumph Group, Inc. | (216,328 ) | (2,993,980 ) | 33.3 |
Trustmark Corp. | (34,564 ) | (1,200,062 ) | 13.4 |
UFP Technologies, Inc. | (2,019 ) | (539,073 ) | 6.0 |
UniFirst Corp. | (635 ) | (114,179 ) | 1.3 |
United Community Banks, Inc. | (61,587 ) | (1,752,766 ) | 19.5 |
Uranium Energy Corp. | (516,853 ) | (3,835,049 ) | 42.7 |
Veris Residential, Inc. | (89,629 ) | (1,476,190 ) | 16.4 |
Vishay Intertechnology, Inc. | (130,940 ) | (2,220,742 ) | 24.7 |
Vita Coco Co., Inc. | (5,471 ) | (161,996 ) | 1.8 |
Vivid Seats, Inc., Class A | (252,991 ) | (1,029,673 ) | 11.5 |
VSE Corp. | (55,857 ) | (5,732,045 ) | 63.8 |
WaFd, Inc. | (38,050 ) | (1,292,939 ) | 14.4 |
Warrior Met Coal, Inc. | (105,371 ) | (6,652,071 ) | 74.0 |
White Mountains Insurance Group Ltd. | (2,827 ) | (5,080,515 ) | 56.6 |
Wolfspeed, Inc. | (7,700 ) | (102,487 ) | 1.1 |
Worthington Enterprises, Inc. | (175,330 ) | (6,715,139 ) | 74.7 |
Xometry, Inc., Class A | (47,898 ) | (942,633 ) | 10.5 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
XPEL, Inc. | (26,611 ) | $(1,026,386 ) | 11.4 % |
Ypsomed Holding AG | (8,098 ) | (284,807 ) | 3.2 |
(299,671,778 ) | |||
Total Reference Entity — Short | (482,511,142 ) | ||
Net Value of Reference Entity — Goldman Sachs Bank USA | $(8,983,608 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 177,059 | $1,215,689 | (80.7 )% |
Pro Medicus Ltd. | 13,517 | 1,712,270 | (113.7 ) |
Qantas Airways Ltd. | 125,082 | 662,244 | (44.0 ) |
Scentre Group | 62,964 | 144,356 | (9.6 ) |
Worley Ltd. | 228,857 | 2,101,523 | (139.5 ) |
5,836,082 | |||
Belgium | |||
Groupe Bruxelles Lambert NV | 19,377 | 1,400,079 | (93.0 ) |
Brazil | |||
Wheaton Precious Metals Corp. | 2,736 | 180,684 | (12.0 ) |
Canada | |||
Algonquin Power & Utilities Corp. | 332,622 | 1,607,747 | (106.8 ) |
Barrick Gold Corp. | 34,085 | 658,762 | (43.7 ) |
Canadian Utilities Ltd., Class A | 15,767 | 403,701 | (26.8 ) |
CCL Industries, Inc., Class B | 12,377 | 721,988 | (47.9 ) |
Constellation Software Inc/Canada | 722 | 2,177,403 | (144.6 ) |
Empire Co., Ltd., Class A | 26,826 | 773,944 | (51.4 ) |
FirstService Corp. | 19,285 | 3,570,706 | (237.1 ) |
George Weston Ltd. | 61,425 | 9,743,032 | (646.9 ) |
Gildan Activewear, Inc., Class A | 60,112 | 2,941,812 | (195.3 ) |
Hudbay Minerals, Inc. | 180,698 | 1,620,942 | (107.6 ) |
Keyera Corp. | 226,878 | 6,967,575 | (462.6 ) |
Magna International, Inc. | 8,161 | 322,196 | (21.4 ) |
Stantec, Inc. | 16,660 | 1,351,370 | (89.7 ) |
Suncor Energy, Inc. | 54,434 | 2,054,836 | (136.4 ) |
TELUS Corp. | 236,396 | 3,736,902 | (248.1 ) |
TFI International, Inc. | 3,800 | 508,532 | (33.8 ) |
Thomson Reuters Corp. | 14,548 | 2,381,323 | (158.1 ) |
41,542,771 | |||
Chile | |||
Lundin Mining Corp. | 16,652 | 161,933 | (10.8 ) |
Denmark | |||
AP Moller - Maersk A/S, Class A | 23 | 35,074 | (2.3 ) |
AP Moller - Maersk A/S, Class B | 1,210 | 1,913,933 | (127.1 ) |
Genmab A/S | 1,554 | 348,030 | (23.1 ) |
2,297,037 | |||
France | |||
Alstom SA | 18,140 | 399,016 | (26.5 ) |
Security | Shares | Value | % of Basket Value |
France (continued) | |||
Bouygues SA | 86,768 | $2,788,855 | (185.2 )% |
Credit Agricole SA | 49,790 | 763,185 | (50.7 ) |
Danone SA | 16,400 | 1,171,592 | (77.8 ) |
Eiffage SA | 31,203 | 2,904,176 | (192.8 ) |
Engie SA | 124,854 | 2,092,742 | (138.9 ) |
Gaztransport Et Technigaz SA | 12,245 | 1,781,636 | (118.3 ) |
Ipsen SA | 33,796 | 4,119,982 | (273.5 ) |
Nexans SA | 6,159 | 857,349 | (56.9 ) |
Publicis Groupe SA | 17,852 | 1,897,370 | (126.0 ) |
Sodexo SA | 33,255 | 2,886,615 | (191.7 ) |
Valeo SE | 216,495 | 2,104,795 | (139.7 ) |
Veolia Environnement SA | 61,570 | 1,954,828 | (129.8 ) |
25,722,141 | |||
Germany | |||
Deutsche Telekom AG, Registered Shares | 141,909 | 4,290,408 | (284.9 ) |
Evonik Industries AG | 124,225 | 2,737,817 | (181.8 ) |
HUGO BOSS AG | 7,752 | 356,887 | (23.7 ) |
LANXESS AG | 2,565 | 74,488 | (4.9 ) |
Vonovia SE | 4,653 | 152,552 | (10.1 ) |
7,612,152 | |||
Israel | |||
Nice Ltd. | 32,790 | 5,697,567 | (378.3 ) |
Italy | |||
A2A SpA | 885,022 | 2,023,021 | (134.3 ) |
Banca Monte dei Paschi di Siena SpA | 852,328 | 4,677,587 | (310.6 ) |
Infrastrutture Wireless Italiane SpA | 4,306 | 48,549 | (3.2 ) |
Mediobanca Banca di Credito Finanziario SpA | 37,185 | 613,451 | (40.7 ) |
Recordati Industria Chimica e Farmaceutica SpA | 1,703 | 96,625 | (6.4 ) |
7,459,233 | |||
Japan | |||
Amada Co. Ltd. | 284,000 | 2,798,791 | (185.8 ) |
ANA Holdings, Inc. | 14,300 | 281,663 | (18.7 ) |
Asahi Kasei Corp. | 274,700 | 1,895,068 | (125.8 ) |
Astellas Pharma, Inc. | 353,100 | 4,134,211 | (274.5 ) |
Dai-ichi Life Holdings, Inc. | 1,300 | 32,409 | (2.2 ) |
Daiwa House Industry Co. Ltd. | 44,500 | 1,327,375 | (88.1 ) |
Daiwa Securities Group, Inc. | 276,100 | 1,806,324 | (119.9 ) |
DMG Mori Co. Ltd. | 33,400 | 636,873 | (42.3 ) |
Eisai Co. Ltd. | 9,400 | 318,473 | (21.1 ) |
Hitachi Construction Machinery Co. Ltd. | 7,700 | 167,064 | (11.1 ) |
Horiba Ltd. | 52,500 | 3,227,385 | (214.3 ) |
Hulic Co. Ltd. | 73,700 | 682,489 | (45.3 ) |
J Front Retailing Co. Ltd. | 235,900 | 2,505,180 | (166.3 ) |
Kyowa Kirin Co. Ltd. | 36,800 | 606,529 | (40.3 ) |
Lixil Corp. | 106,100 | 1,245,440 | (82.7 ) |
LY Corp. | 1,300 | 3,546 | (0.2 ) |
Mitsubishi Chemical Group Corp. | 1,114,400 | 6,013,401 | (399.3 ) |
Mitsubishi Electric Corp. | 253,700 | 4,463,225 | (296.3 ) |
Murata Manufacturing Co. Ltd. | 22,600 | 394,847 | (26.2 ) |
Nikon Corp. | 3,500 | 43,359 | (2.9 ) |
Nippon Express Holdings, Inc | 10,800 | 532,461 | (35.4 ) |
Nippon Steel Corp. | 39,900 | 798,374 | (53.0 ) |
Nomura Holdings, Inc. | 323,400 | 1,658,364 | (110.1 ) |
Obayashi Corp. | 89,200 | 1,093,523 | (72.6 ) |
Ono Pharmaceutical Co. Ltd. | 304,900 | 3,808,257 | (252.8 ) |
Otsuka Corp. | 51,200 | 1,149,105 | (76.3 ) |
Panasonic Holdings Corp. | 18,800 | 154,725 | (10.3 ) |
Rakuten Group, Inc. | 758,500 | 4,527,147 | (300.6 ) |
Shimizu Corp. | 205,300 | 1,360,096 | (90.3 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Sojitz Corp. | 43,900 | $897,172 | (59.6 )% |
Subaru Corp. | 63,300 | 1,130,489 | (75.1 ) |
Sumitomo Chemical Co. Ltd. | 769,400 | 2,054,097 | (136.4 ) |
Sumitomo Corp. | 78,000 | 1,645,520 | (109.3 ) |
Sumitomo Mitsui Financial Group, Inc. | 120,000 | 2,545,743 | (169.0 ) |
Sumitomo Mitsui Trust Group, Inc. | 199,800 | 4,381,678 | (290.9 ) |
Suzuki Motor Corp. | 390,600 | 3,876,052 | (257.3 ) |
Tokyo Ohka Kogyo Co. Ltd. | 5,000 | 115,074 | (7.6 ) |
Tokyo Tatemono Co. Ltd. | 118,700 | 1,938,346 | (128.7 ) |
Tosoh Corp. | 103,300 | 1,283,564 | (85.2 ) |
67,533,439 | |||
Jordan | |||
Hikma Pharmaceuticals PLC | 35,411 | 848,086 | (56.3 ) |
Macau | |||
Galaxy Entertainment Group Ltd. | 100,000 | 445,058 | (29.5 ) |
New Zealand | |||
Xero Ltd. | 73,376 | 7,128,884 | (473.3 ) |
Norway | |||
Equinor ASA | 102,621 | 2,438,500 | (161.9 ) |
Kongsberg Gruppen ASA | 24,438 | 2,551,112 | (169.4 ) |
4,989,612 | |||
Poland | |||
Inpost SA | 2,325 | 45,356 | (3.0 ) |
Spain | |||
Bankinter SA | 179,645 | 1,465,617 | (97.3 ) |
Switzerland | |||
ABB Ltd., Registered Shares | 25,424 | 1,412,839 | (93.8 ) |
Chocoladefabriken Lindt & Spruengli AG | 65 | 766,754 | (50.9 ) |
Chocoladefabriken Lindt & Spruengli AG, Registered Shares | 3 | 349,408 | (23.2 ) |
Clariant AG, Registered Shares | 5,707 | 79,313 | (5.2 ) |
Kuehne & Nagel International AG, Registered Shares | 2,623 | 654,803 | (43.5 ) |
3,263,117 | |||
United Kingdom | |||
B&M European Value Retail SA | 963,284 | 4,819,303 | (320.0 ) |
Hammerson PLC | 2 | 7 | (0.0 ) |
Informa PLC | 406,079 | 4,242,251 | (281.6 ) |
Johnson Matthey PLC | 147,999 | 2,847,907 | (189.1 ) |
Marks & Spencer Group PLC | 727,925 | 3,531,816 | (234.5 ) |
MONY Group PLC | 2 | 5 | (0.0 ) |
NatWest Group PLC | 1,272,702 | 6,030,382 | (400.4 ) |
Smiths Group PLC | 138,896 | 2,740,812 | (182.0 ) |
Taylor Wimpey PLC | 1,632,020 | 3,085,630 | (204.8 ) |
Tesco PLC | 106,038 | 468,229 | (31.1 ) |
27,766,342 | |||
United States | |||
Primo Water Corp. | 61,806 | 1,622,887 | (107.7 ) |
Roche Holding AG | 1,456 | 494,840 | (32.9 ) |
2,117,727 | |||
Total Reference Entity — Long | 213,512,917 |
Security | Shares | Value | % of Basket Value |
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Pilbara Minerals Ltd. | (1,813,846 ) | $(3,359,581 ) | 223.0 % |
Reece Ltd. | (12,000 ) | (178,807 ) | 11.9 |
Woodside Energy Group Ltd. | (1 ) | (16 ) | 0.0 |
(3,538,404 ) | |||
Belgium | |||
Elia Group SA/NV | (12,019 ) | (1,143,677 ) | 75.9 |
Canada | |||
Air Canada | (61,124 ) | (828,391 ) | 55.0 |
Alimentation Couche-Tard, Inc. | (16,418 ) | (856,186 ) | 56.8 |
CAE, Inc. | (3,925 ) | (69,065 ) | 4.6 |
Cameco Corp. | (194,366 ) | (10,156,979 ) | 674.4 |
Canadian Imperial Bank of Commerce | (93,441 ) | (5,845,977 ) | 388.1 |
Canadian Pacific Kansas City Ltd. | (155,446 ) | (11,991,564 ) | 796.2 |
Canadian Western Bank | (144,721 ) | (5,950,571 ) | 395.1 |
Capstone Copper Corp. | (117,353 ) | (811,656 ) | 53.9 |
Element Fleet Management Corp. | (244,407 ) | (5,001,009 ) | 332.0 |
Fortis Inc/Canada | (131,046 ) | (5,668,762 ) | 376.4 |
iA Financial Corp., Inc. | (828 ) | (67,460 ) | 4.5 |
Ivanhoe Mines Ltd., Class A | (129,903 ) | (1,717,610 ) | 114.0 |
National Bank of Canada | (9,766 ) | (931,465 ) | 61.8 |
Nexgen Energy Ltd. | (1,229,797 ) | (9,044,508 ) | 600.5 |
Onex Corp. | (36,692 ) | (2,641,054 ) | 175.4 |
Parkland Corp. | (1,645 ) | (38,279 ) | 2.5 |
Peyto Exploration & Development Corp. | (1,232,344 ) | (13,435,546 ) | 892.0 |
Quebecor, Inc., Class B | (88,683 ) | (2,208,238 ) | 146.6 |
Rogers Communications, Inc., Class B | (214,000 ) | (7,772,457 ) | 516.0 |
Shopify, Inc., Class A | (8,232 ) | (643,968 ) | 42.8 |
West Fraser Timber Co. Ltd. | (16,818 ) | (1,518,917 ) | 100.9 |
(87,199,662 ) | |||
Denmark | |||
Danske Bank A/S | (248,253 ) | (7,340,603 ) | 487.4 |
Zealand Pharma A/S | (6,801 ) | (785,124 ) | 52.1 |
(8,125,727 ) | |||
Finland | |||
Kesko OYJ, Class B | (12,457 ) | (267,554 ) | 17.8 |
Metso Oyj | (30,260 ) | (287,989 ) | 19.1 |
Neste OYJ | (53,852 ) | (864,648 ) | 57.4 |
(1,420,191 ) | |||
France | |||
Airbus SE | (12,766 ) | (1,947,341 ) | 129.3 |
Cie de Saint-Gobain SA | (51,388 ) | (4,660,116 ) | 309.4 |
EssilorLuxottica SA | (14,443 ) | (3,387,719 ) | 224.9 |
Eurazeo SE | (371 ) | (28,297 ) | 1.9 |
Renault SA | (35,407 ) | (1,620,027 ) | 107.6 |
Sartorius Stedim Biotech | (13,389 ) | (2,685,871 ) | 178.3 |
Worldline SA/France | (83,124 ) | (589,222 ) | 39.1 |
(14,918,593 ) | |||
Germany | |||
Daimler Truck Holding AG | (14,348 ) | (593,299 ) | 39.4 |
Gerresheimer AG | (60,391 ) | (5,086,116 ) | 337.7 |
(5,679,415 ) | |||
Hong Kong | |||
MTR Corp. Ltd. | (118,000 ) | (429,330 ) | 28.5 |
Power Assets Holdings Ltd. | (85,500 ) | (569,538 ) | 37.8 |
Security | Shares | Value | % of Basket Value |
Hong Kong (continued) | |||
Techtronic Industries Co. Ltd. | (4,000 ) | $(57,862 ) | 3.9 % |
Wharf Real Estate Investment Co. Ltd. | (22,000 ) | (66,145 ) | 4.4 |
(1,122,875 ) | |||
Israel | |||
Azrieli Group Ltd. | (24,400 ) | (1,862,715 ) | 123.7 |
Italy | |||
Iveco Group NV | (129,869 ) | (1,349,572 ) | 89.6 |
Nexi SpA | (96,776 ) | (611,701 ) | 40.6 |
Ryanair Holdings PLC | (639,377 ) | (12,273,329 ) | 814.9 |
Terna - Rete Elettrica Nazionale | (10,561 ) | (91,476 ) | 6.1 |
(14,326,078 ) | |||
Japan | |||
Fujikura Ltd. | (1,500 ) | (55,130 ) | 3.7 |
Japan Real Estate Investment Corp. | (80 ) | (290,996 ) | 19.3 |
Keisei Electric Railway Co. Ltd. | (3,600 ) | (93,664 ) | 6.2 |
Kikkoman Corp. | (28,300 ) | (332,037 ) | 22.1 |
Kokusai Electric Corp. | (60,000 ) | (1,094,024 ) | 72.6 |
Kyushu Railway Co. | (23,600 ) | (620,928 ) | 41.2 |
MatsukiyoCocokara & Co. | (6,400 ) | (87,134 ) | 5.8 |
Nippon Building Fund, Inc. | (425 ) | (365,029 ) | 24.2 |
Nippon Sanso Holdings Corp. | (16,600 ) | (576,219 ) | 38.3 |
Osaka Gas Co. Ltd. | (900 ) | (19,286 ) | 1.3 |
Rohto Pharmaceutical Co. Ltd. | (900 ) | (20,239 ) | 1.3 |
Rorze Corp. | (11,000 ) | (160,320 ) | 10.7 |
Secom Co. Ltd. | (7,000 ) | (248,940 ) | 16.5 |
SG Holdings Co. Ltd. | (70,500 ) | (706,998 ) | 46.9 |
SUMCO Corp. | (32,900 ) | (314,571 ) | 20.9 |
Tokyo Gas Co. Ltd. | (7,800 ) | (192,448 ) | 12.8 |
Trial Holdings, Inc. | (25,200 ) | (470,018 ) | 31.2 |
(5,647,981 ) | |||
Netherlands | |||
IMCD NV | (24,272 ) | (3,859,031 ) | 256.2 |
JDE Peet’s NV | (35,640 ) | (804,625 ) | 53.4 |
(4,663,656 ) | |||
Singapore | |||
CapitaLand Ascendas REIT | (386,700 ) | (783,650 ) | 52.1 |
CapitaLand Investment Ltd./Singapore | (2,678,000 ) | (5,657,510 ) | 375.6 |
Mapletree Logistics Trust | (3,300 ) | (3,292 ) | 0.2 |
Oversea-Chinese Banking Corp. Ltd. | (140,500 ) | (1,611,971 ) | 107.0 |
(8,056,423 ) | |||
Spain | |||
Amadeus IT Group SA | (55,586 ) | (4,029,610 ) | 267.5 |
CaixaBank SA | (162,170 ) | (988,225 ) | 65.6 |
Industria de Diseno Textil SA | (49,314 ) | (2,811,620 ) | 186.7 |
Repsol SA | (109,192 ) | (1,366,906 ) | 90.8 |
(9,196,361 ) | |||
Switzerland | |||
Bachem Holding AG | (692 ) | (54,765 ) | 3.6 |
Banque Cantonale Vaudoise, Registered Shares | (11,028 ) | (1,098,908 ) | 73.0 |
EMS-Chemie Holding AG, Registered Shares | (2,099 ) | (1,614,256 ) | 107.2 |
Galderma Group AG | (20,389 ) | (1,907,979 ) | 126.7 |
SIG Group AG | (6,483 ) | (139,904 ) | 9.3 |
Swatch Group AG | (2,734 ) | (561,025 ) | 37.2 |
Swatch Group AG, Registered Shares | (1,719 ) | (69,649 ) | 4.6 |
Security | Shares | Value | % of Basket Value |
Switzerland (continued) | |||
Swiss Life Holding AG, Registered Shares | (6,160 ) | $(5,016,085 ) | 333.0 % |
Swisscom AG, Registered Shares | (2,009 ) | (1,224,046 ) | 81.3 |
(11,686,617 ) | |||
United Kingdom | |||
Croda International PLC | (21,663 ) | (1,039,473 ) | 69.0 |
Entain PLC | (194,936 ) | (1,874,797 ) | 124.5 |
IAMGOLD Corp. | (394,019 ) | (2,187,501 ) | 145.2 |
InterContinental Hotels Group PLC | (56,065 ) | (6,183,832 ) | 410.5 |
JD Sports Fashion PLC | (681,987 ) | (1,093,557 ) | 72.6 |
Persimmon PLC | (6,348 ) | (120,303 ) | 8.0 |
Rentokil Initial PLC | (863,265 ) | (4,329,941 ) | 287.5 |
Tritax Big Box REIT PLC | (3,170,464 ) | (5,768,390 ) | 383.0 |
UNITE Group PLC/The | (165,935 ) | (1,877,066 ) | 124.6 |
WPP PLC | (99,126 ) | (1,041,906 ) | 69.2 |
(25,516,766 ) | |||
United States | |||
BRP, Inc. | (10,959 ) | (540,335 ) | 35.9 |
Haleon PLC | (1,466,664 ) | (7,048,887 ) | 468.0 |
(7,589,222 ) | |||
Preferred Stocks | |||
Germany | |||
Sartorius AG | (12,834 ) | (3,324,723 ) | 220.7 |
Total Reference Entity — Short | (215,019,086 ) | ||
Net Value of Reference Entity — Goldman Sachs Bank USA | $(1,506,169 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
Bendigo & Adelaide Bank Ltd. | 16,685 | $134,428 | (2.5 )% |
Challenger Ltd. | 321,103 | 1,271,743 | (23.2 ) |
Cleanaway Waste Management Ltd. | 2,021,307 | 3,618,930 | (65.9 ) |
Credit Corp. Group Ltd. | 88,936 | 1,004,863 | (18.3 ) |
Dicker Data Ltd. | 100,437 | 567,025 | (10.3 ) |
Downer EDI Ltd. | 186,820 | 684,517 | (12.5 ) |
Flight Centre Travel Group Ltd. | 105,776 | 1,106,316 | (20.2 ) |
Lendlease Corp Ltd. | 265,499 | 1,176,348 | (21.4 ) |
NRW Holdings Ltd. | 198,207 | 499,497 | (9.1 ) |
Pinnacle Investment Management Group Ltd. | 116,321 | 1,527,793 | (27.8 ) |
Technology One Ltd. | 205,736 | 3,279,019 | (59.8 ) |
Temple & Webster Group Ltd. | 65,346 | 493,699 | (9.0 ) |
Ventia Services Group Pty Ltd. | 178,538 | 536,204 | (9.8 ) |
15,900,382 | |||
Austria | |||
ANDRITZ AG | 3,190 | 192,590 | (3.5 ) |
Kontron AG | 7,804 | 131,416 | (2.4 ) |
Raiffeisen Bank International AG | 16,643 | 298,137 | (5.4 ) |
622,143 |
Security | Shares | Value | % of Basket Value |
Canada | |||
Bird Construction, Inc. | 97,184 | $2,115,594 | (38.5 )% |
Cargojet, Inc. | 10,945 | 1,069,778 | (19.5 ) |
Centerra Gold, Inc. | 251,552 | 1,777,765 | (32.4 ) |
CI Financial Corp. | 94,926 | 1,561,249 | (28.4 ) |
Doman Building Materials Group Ltd. | 28,525 | 168,608 | (3.1 ) |
Extendicare, Inc. | 166,365 | 1,099,262 | (20.0 ) |
Innergex Renewable Energy, Inc. | 198,597 | 1,300,826 | (23.7 ) |
Lundin Gold, Inc. | 34,933 | 844,755 | (15.4 ) |
North American Construction Group Ltd. | 41,608 | 811,331 | (14.8 ) |
Obsidian Energy Ltd. | 138,590 | 786,340 | (14.3 ) |
Paramount Resources Ltd., Class A | 82,373 | 1,589,068 | (29.0 ) |
Secure Energy Services, Inc. | 984,119 | 10,962,535 | (199.8 ) |
Topaz Energy Corp. | 80,925 | 1,552,416 | (28.3 ) |
Trican Well Service Ltd. | 136,684 | 453,536 | (8.3 ) |
Vermilion Energy, Inc. | 1,109,603 | 10,344,128 | (188.5 ) |
36,437,191 | |||
Egypt | |||
Centamin PLC | 640,595 | 1,311,713 | (23.9 ) |
France | |||
Etablissements Maurel et Prom SA | 97,415 | 511,302 | (9.3 ) |
ICADE | 23,688 | 619,583 | (11.3 ) |
Imerys SA | 9,912 | 321,769 | (5.9 ) |
Ubisoft Entertainment SA | 382,146 | 5,758,771 | (104.9 ) |
7,211,425 | |||
Germany | |||
CECONOMY AG | 280,310 | 902,206 | (16.5 ) |
Deutsche Pfandbriefbank AG | 52,146 | 296,142 | (5.4 ) |
Deutsche Wohnen SE | 13,747 | 351,202 | (6.4 ) |
Duerr AG | 17,299 | 400,888 | (7.3 ) |
Grand City Properties SA | 25,977 | 344,307 | (6.3 ) |
Renk Group AG | 27,602 | 554,656 | (10.1 ) |
SAF-Holland SE | 10,343 | 159,996 | (2.9 ) |
TAG Immobilien AG | 16,585 | 275,706 | (5.0 ) |
TBC Bank Group PLC | 11,510 | 408,143 | (7.4 ) |
3,693,246 | |||
Israel | |||
Ituran Location and Control Ltd. | 39,469 | 1,055,006 | (19.2 ) |
Italy | |||
Banca IFIS SpA | 22,300 | 534,449 | (9.7 ) |
Credito Emiliano SpA | 10,398 | 112,284 | (2.1 ) |
De’ Longhi SpA | 22,508 | 703,485 | (12.8 ) |
Hera SpA | 79,286 | 303,313 | (5.5 ) |
Maire SpA | 26,749 | 201,892 | (3.7 ) |
PRADA SpA | 107,600 | 826,100 | (15.1 ) |
Sesa SpA | 587 | 50,978 | (0.9 ) |
Webuild SpA | 450,989 | 1,278,897 | (23.3 ) |
4,011,398 | |||
Japan | |||
Aisan Industry Co. Ltd. | 24,800 | 219,415 | (4.0 ) |
Alps Alpine Co. Ltd. | 817,900 | 8,037,296 | (146.5 ) |
Citizen Watch Co. Ltd. | 944,500 | 5,615,174 | (102.3 ) |
Coca-Cola Bottlers Japan Holdings, Inc. | 131,300 | 1,681,796 | (30.6 ) |
Digital Garage, Inc. | 161,900 | 3,340,822 | (60.9 ) |
DTS Corp. | 4,200 | 108,787 | (2.0 ) |
Fukuoka REIT Corp. | 1,761 | 1,642,827 | (29.9 ) |
GMO internet group, Inc. | 79,000 | 1,365,285 | (24.9 ) |
Hyakugo Bank Ltd. | 265,800 | 956,628 | (17.4 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Itochu Enex Co. Ltd. | 9,300 | $97,344 | (1.8 )% |
JINS Holdings, Inc. | 26,300 | 1,071,956 | (19.5 ) |
Kaneka Corp. | 105,600 | 2,588,384 | (47.2 ) |
Kanematsu Corp. | 271,500 | 4,133,078 | (75.3 ) |
Keiyo Bank Ltd. | 280,200 | 1,255,756 | (22.9 ) |
Kokuyo Co. Ltd. | 75,100 | 1,208,235 | (22.0 ) |
Kyoritsu Maintenance Co. Ltd. | 108,900 | 1,748,368 | (31.9 ) |
Maruha Nichiro Corp. | 110,300 | 2,163,548 | (39.4 ) |
Mitsui Mining & Smelting Co. Ltd. | 125,200 | 3,977,815 | (72.5 ) |
Nippon Shinyaku Co. Ltd. | 282,800 | 7,587,228 | (138.3 ) |
Nippon Shokubai Co. Ltd. | 151,200 | 1,700,982 | (31.0 ) |
Nittetsu Mining Co. Ltd. | 6,100 | 173,634 | (3.2 ) |
Noritz Corp. | 42,600 | 493,615 | (9.0 ) |
NTN Corp. | 348,600 | 574,350 | (10.5 ) |
San-In Godo Bank Ltd. | 32,000 | 256,838 | (4.7 ) |
Sanki Engineering Co. Ltd. | 10,300 | 161,455 | (2.9 ) |
Seiko Group Corp. | 9,700 | 244,498 | (4.4 ) |
SHO-BOND Holdings Co. Ltd. | 54,100 | 1,903,158 | (34.7 ) |
Sundrug Co. Ltd. | 29,300 | 724,702 | (13.2 ) |
Taikisha Ltd. | 13,400 | 426,258 | (7.8 ) |
Toho Holdings Co. Ltd. | 244,300 | 7,271,773 | (132.5 ) |
Tokyotokeiba Co. Ltd. | 54,500 | 1,484,946 | (27.1 ) |
Tsubakimoto Chain Co. | 3,300 | 41,550 | (0.7 ) |
YAMABIKO Corp. | 17,500 | 284,304 | (5.2 ) |
Yamaguchi Financial Group, Inc. | 28,900 | 282,983 | (5.1 ) |
Yamazen Corp. | 29,400 | 255,379 | (4.6 ) |
Yaoko Co. Ltd. | 2,700 | 164,127 | (3.0 ) |
Yokogawa Bridge Holdings Corp. | 16,500 | 301,100 | (5.5 ) |
65,545,394 | |||
Netherlands | |||
Koninklijke BAM Groep NV | 154,100 | 711,235 | (13.0 ) |
Norway | |||
Aker Solutions ASA | 123,577 | 585,549 | (10.7 ) |
Elkem ASA | 141,522 | 230,805 | (4.2 ) |
Odfjell Drilling Ltd. | 33,060 | 152,296 | (2.8 ) |
Wallenius Wilhelmsen ASA | 86,094 | 855,977 | (15.6 ) |
1,824,627 | |||
Portugal | |||
Mota-Engil SGPS SA | 358,140 | 998,553 | (18.2 ) |
Singapore | |||
BW LPG Ltd | 4,445 | 57,328 | (1.1 ) |
Keppel REIT | 1,870,400 | 1,269,290 | (23.1 ) |
1,326,618 | |||
Sweden | |||
Attendo AB | 56 | 249 | (0.0 ) |
Switzerland | |||
International Workplace Group PLC | 247,880 | 512,308 | (9.3 ) |
United Kingdom | |||
4imprint Group PLC | 12,270 | 808,233 | (14.7 ) |
Ashmore Group PLC | 637,822 | 1,744,441 | (31.8 ) |
Currys PLC | 2,061,046 | 2,192,534 | (40.0 ) |
Firstgroup PLC | 178,636 | 307,046 | (5.6 ) |
Global Ship Lease, Inc., Class A | 103,198 | 2,461,272 | (44.9 ) |
J D Wetherspoon PLC | 72,916 | 577,293 | (10.5 ) |
John Wood Group PLC | 1,294,935 | 2,112,240 | (38.5 ) |
Jupiter Fund Management PLC | 205,542 | 213,354 | (3.9 ) |
Man Group PLC/Jersey | 341 | 873 | (0.0 ) |
Security | Shares | Value | % of Basket Value |
United Kingdom (continued) | |||
Mitchells & Butlers PLC | 95,894 | $310,067 | (5.7 )% |
Morgan Sindall Group PLC | 6,745 | 325,871 | (5.9 ) |
Savills PLC | 71,082 | 984,393 | (17.9 ) |
Synthomer PLC | 14,585 | 33,721 | (0.6 ) |
TP ICAP Group PLC | 262,240 | 759,137 | (13.8 ) |
12,830,475 | |||
United States | |||
1-800-Flowers.com, Inc., Class A | 23,190 | 192,941 | (3.5 ) |
1st Source Corp. | 39,592 | 2,345,034 | (42.7 ) |
ABM Industries, Inc. | 78,660 | 4,173,700 | (76.1 ) |
Accel Entertainment, Inc., Class A | 17,206 | 189,954 | (3.5 ) |
ACI Worldwide, Inc. | 264,565 | 13,016,598 | (237.2 ) |
Advance Auto Parts, Inc. | 59,763 | 2,132,941 | (38.9 ) |
Allient, Inc. | 10,845 | 187,510 | (3.4 ) |
Alphatec Holdings Inc | 203,258 | 1,595,575 | (29.1 ) |
Amneal Pharmaceuticals, Inc., Class A | 315,914 | 2,675,792 | (48.8 ) |
Anywhere Real Estate, Inc. | 98,364 | 379,685 | (6.9 ) |
Apogee Enterprises, Inc. | 2,546 | 190,543 | (3.5 ) |
Asana, Inc., Class A | 7,734 | 92,344 | (1.7 ) |
Atkore, Inc. | 145,712 | 12,496,261 | (227.7 ) |
Atmus Filtration Technologies, Inc. | 72,345 | 2,817,114 | (51.3 ) |
Berry Corp. | 247,234 | 1,241,115 | (22.6 ) |
Boot Barn Holdings, Inc. | 992 | 123,554 | (2.2 ) |
C3.ai, Inc., Class A | 34,356 | 846,188 | (15.4 ) |
Cadre Holdings, Inc. | 79,899 | 2,778,088 | (50.6 ) |
Camden National Corp. | 16,170 | 678,332 | (12.4 ) |
Castle Biosciences, Inc. | 11,194 | 388,096 | (7.1 ) |
Central Garden & Pet Co., Class A | 119,159 | 3,472,293 | (63.3 ) |
Chefs’ Warehouse, Inc. | 140,259 | 5,599,139 | (102.0 ) |
Chimera Investment Corp. | 251,602 | 3,799,190 | (69.2 ) |
CNO Financial Group, Inc. | 9,192 | 316,205 | (5.8 ) |
Cohen & Steers, Inc. | 1,427 | 140,945 | (2.6 ) |
Compass, Inc., Class A | 95,114 | 603,974 | (11.0 ) |
ConnectOne Bancorp, Inc. | 10,887 | 263,901 | (4.8 ) |
Coursera, Inc. | 198,979 | 1,382,904 | (25.2 ) |
CSG Systems International, Inc. | 15,915 | 741,798 | (13.5 ) |
Curbline Properties Corp. | 133,010 | 3,010,016 | (54.8 ) |
Deluxe Corp. | 25,440 | 477,254 | (8.7 ) |
Dime Community Bancshares, Inc. | 18,713 | 562,700 | (10.3 ) |
DXC Technology Co. | 72,449 | 1,438,837 | (26.2 ) |
Eagle Bancorp, Inc. | 9,804 | 256,963 | (4.7 ) |
Edgewell Personal Care Co. | 95,618 | 3,341,849 | (60.9 ) |
El Pollo Loco Holdings, Inc. | 58,532 | 715,261 | (13.0 ) |
Enterprise Financial Services Corp. | 1,196 | 63,053 | (1.1 ) |
EverQuote, Inc., Class A | 83,252 | 1,496,871 | (27.3 ) |
EZCORP, Inc., Class A | 6,575 | 75,547 | (1.4 ) |
Federated Hermes, Inc., Class B | 8,737 | 350,616 | (6.4 ) |
First Busey Corp. | 3,201 | 77,816 | (1.4 ) |
First Financial Corp/indiana | 8,434 | 362,325 | (6.6 ) |
Freshworks, Inc., Class A | 10,326 | 120,814 | (2.2 ) |
Fulgent Genetics, Inc. | 7,431 | 159,395 | (2.9 ) |
Gorman-Rupp Co. | 4,947 | 182,792 | (3.3 ) |
GQG Partners, Inc., CDI | 823,156 | 1,494,163 | (27.2 ) |
Hackett Group, Inc. | 16,464 | 400,404 | (7.3 ) |
Health Catalyst, Inc. | 67,185 | 522,027 | (9.5 ) |
Healthcare Services Group, Inc. | 10,607 | 116,359 | (2.1 ) |
HealthStream, Inc. | 23,031 | 673,311 | (12.3 ) |
Heidrick & Struggles International, Inc. | 27,222 | 1,063,291 | (19.4 ) |
Helen of Troy Ltd. | 3,986 | 253,709 | (4.6 ) |
Home BancShares, Inc. | 90,044 | 2,457,301 | (44.8 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Kforce, Inc. | 79,666 | $4,603,898 | (83.9 )% |
Kohl’s Corp. | 208,293 | 3,849,255 | (70.1 ) |
Life Time Group Holdings, Inc. | 155,224 | 3,458,391 | (63.0 ) |
M/I Homes, Inc. | 19,099 | 2,895,217 | (52.8 ) |
Magnite, Inc. | 164,432 | 2,052,111 | (37.4 ) |
Marqeta, Inc., Class A | 162,600 | 920,316 | (16.8 ) |
Methode Electronics, Inc. | 72,099 | 628,703 | (11.5 ) |
Midland States Bancorp, Inc. | 5,105 | 126,655 | (2.3 ) |
OSI Systems, Inc. | 4,851 | 641,351 | (11.7 ) |
Otter Tail Corp. | 38,554 | 3,027,260 | (55.2 ) |
Park Hotels & Resorts, Inc. | 1,607,018 | 22,321,480 | (406.8 ) |
Paymentus Holdings, Inc., Class A | 28,123 | 692,107 | (12.6 ) |
Pennant Group, Inc. | 8,500 | 271,745 | (4.9 ) |
Plexus Corp. | 41,329 | 5,955,509 | (108.5 ) |
PRA Group, Inc. | 23,060 | 464,890 | (8.5 ) |
Premier Financial Corp. | 3,439 | 84,806 | (1.5 ) |
REX American Resources Corp. | 11,571 | 517,571 | (9.4 ) |
Saul Centers, Inc. | 38,442 | 1,504,620 | (27.4 ) |
Shutterstock, Inc. | 7,285 | 233,776 | (4.3 ) |
SI-BONE, Inc. | 12,254 | 169,105 | (3.1 ) |
SITE Centers Corp. | 38,994 | 621,954 | (11.3 ) |
Southside Bancshares, Inc. | 6,029 | 195,340 | (3.6 ) |
SpartanNash Co. | 6,547 | 137,749 | (2.5 ) |
Sunrun, Inc. | 32,514 | 469,827 | (8.6 ) |
Tennant Co. | 400 | 35,024 | (0.6 ) |
Travel + Leisure Co. | 3,737 | 178,666 | (3.3 ) |
TTM Technologies, Inc. | 29,722 | 666,962 | (12.2 ) |
Tutor Perini Corp. | 67,121 | 1,739,776 | (31.7 ) |
United Bankshares, Inc. | 2,588 | 97,516 | (1.8 ) |
United Parks & Resorts, Inc. | 71,864 | 3,782,202 | (68.9 ) |
Univest Financial Corp. | 3,807 | 105,949 | (1.9 ) |
Vital Farms, Inc. | 15,176 | 526,304 | (9.6 ) |
Vitesse Energy, Inc. | 35,222 | 875,971 | (16.0 ) |
Warby Parker, Inc., Class A | 362,283 | 6,133,451 | (111.8 ) |
WK Kellogg Co | 170,424 | 2,834,151 | (51.6 ) |
World Acceptance Corp. | 27,486 | 3,136,153 | (57.1 ) |
Yext, Inc. | 18,042 | 130,624 | (2.4 ) |
160,620,773 | |||
Rights | |||
Italy | |||
Sesa SpA, (Expires 12/12/24, Strike Price EUR, 110.20) | 587 | — | 0.0 |
Total Reference Entity — Long | 314,612,736 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Amotiv Ltd. | (5,339 ) | (37,160 ) | 0.7 |
Champion Iron Ltd. | (14,989 ) | (57,529 ) | 1.0 |
Coronado Global Resources, Inc., CDI | (203,499 ) | (135,560 ) | 2.5 |
Sigma Healthcare Ltd. | (401,215 ) | (515,103 ) | 9.4 |
Silex Systems Ltd. | (96,114 ) | (326,141 ) | 5.9 |
Strike Energy Ltd. | (1,211,592 ) | (169,393 ) | 3.1 |
(1,240,886 ) | |||
Belgium | |||
Azelis Group NV | (60,957 ) | (1,221,205 ) | 22.2 |
Security | Shares | Value | % of Basket Value |
Belgium (continued) | |||
Colruyt Group N.V | (18,315 ) | $(854,660 ) | 15.6 % |
Shurgard Self Storage Ltd. | (13,848 ) | (593,029 ) | 10.8 |
(2,668,894 ) | |||
Canada | |||
Canadian Solar, Inc. | (9,562 ) | (136,163 ) | 2.5 |
Encore Energy Corp. | (39,660 ) | (156,663 ) | 2.9 |
EQB, Inc. | (15,404 ) | (1,181,783 ) | 21.5 |
Filo Corp. | (3,894 ) | (89,719 ) | 1.6 |
First National Financial Corp. | (10,526 ) | (306,931 ) | 5.6 |
Skeena Resources Ltd. | (28,893 ) | (280,764 ) | 5.1 |
(2,152,023 ) | |||
Denmark | |||
Chemometec A/S | (20,699 ) | (1,215,303 ) | 22.2 |
FLSmidth & Co A/S, Class B | (62,800 ) | (3,287,640 ) | 59.9 |
Ringkjoebing Landbobank A/S | (6,916 ) | (1,143,872 ) | 20.8 |
Royal Unibrew A/S | (1,809 ) | (136,094 ) | 2.5 |
Scandinavian Tobacco Group A/S, Class A | (3,604 ) | (54,130 ) | 1.0 |
(5,837,039 ) | |||
Faeroe Islands | |||
Bakkafrost P/F | (8,179 ) | (493,239 ) | 9.0 |
Finland | |||
Nokian Renkaat Oyj | (16,792 ) | (139,371 ) | 2.5 |
France | |||
Interparfums SA | (21,300 ) | (972,850 ) | 17.7 |
SOITEC | (8,389 ) | (664,300 ) | 12.1 |
Verallia SA | (15,016 ) | (433,045 ) | 7.9 |
(2,070,195 ) | |||
Germany | |||
Aurubis AG | (1,793 ) | (140,997 ) | 2.6 |
Eckert & Ziegler SE | (5,135 ) | (220,316 ) | 4.0 |
Fraport AG Frankfurt Airport Services Worldwide | (64,814 ) | (3,507,242 ) | 63.9 |
Siltronic AG | (24,097 ) | (1,368,829 ) | 24.9 |
Sixt SE | (12,537 ) | (993,027 ) | 18.1 |
(6,230,411 ) | |||
Ghana | |||
Kosmos Energy Ltd. | (243,239 ) | (914,579 ) | 16.7 |
Tullow Oil PLC | (3,751 ) | (1,148 ) | 0.0 |
(915,727 ) | |||
Israel | |||
JFrog Ltd. | (62,895 ) | (1,835,276 ) | 33.4 |
OPC Energy Ltd. | (11,462 ) | (92,816 ) | 1.7 |
(1,928,092 ) | |||
Italy | |||
Ermenegildo Zegna NV | (18,211 ) | (138,404 ) | 2.5 |
Stevanato Group SpA | (49,427 ) | (939,607 ) | 17.2 |
(1,078,011 ) | |||
Japan | |||
Anycolor, Inc. | (106,100 ) | (1,498,285 ) | 27.3 |
Aozora Bank Ltd. | (105,800 ) | (1,824,009 ) | 33.2 |
Ariake Japan Co. Ltd. | (37,100 ) | (1,400,797 ) | 25.5 |
Asahi Yukizai Corp. | (6,000 ) | (160,073 ) | 2.9 |
Base Co. Ltd. | (8,600 ) | (165,920 ) | 3.0 |
C Uyemura & Co. Ltd. | (3,500 ) | (243,258 ) | 4.4 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Chiyoda Corp. | (494,400 ) | $(949,821 ) | 17.3 % |
Colowide Co Ltd. | (33,200 ) | (367,689 ) | 6.7 |
Daiei Kankyo Co. Ltd. | (15,700 ) | (323,827 ) | 5.9 |
Enplas Corp. | (8,700 ) | (386,080 ) | 7.0 |
Freee KK | (5,000 ) | (93,307 ) | 1.7 |
Fujita Kanko, Inc. | (7,600 ) | (463,562 ) | 8.5 |
Fukuyama Transporting Co. Ltd. | (16,400 ) | (417,079 ) | 7.6 |
Future Corp. | (3,900 ) | (49,937 ) | 0.9 |
Godo Steel, Ltd. | (4,400 ) | (112,096 ) | 2.1 |
Hirata Corp. | (1,200 ) | (38,268 ) | 0.7 |
Iino Kaiun Kaisha Ltd. | (41,200 ) | (302,266 ) | 5.5 |
Japan Investment Adviser Co. Ltd. | (2,800 ) | (18,731 ) | 0.4 |
KeePer Technical Laboratory Co. Ltd. | (26,500 ) | (727,817 ) | 13.3 |
Kosaido Holdings Co. Ltd. | (35,600 ) | (124,092 ) | 2.3 |
Krosaki Harima Corp. | (5,600 ) | (89,722 ) | 1.6 |
Mars Group Holdings Corp. | (23,300 ) | (479,472 ) | 8.7 |
Mitsui E&S Co. Ltd. | (59,127 ) | (427,738 ) | 7.8 |
Mori Hills REIT Investment Corp. | (405 ) | (337,096 ) | 6.2 |
Namura Shipbuilding Co. Ltd. | (13,800 ) | (142,230 ) | 2.6 |
Nitto Kogyo Corp. | (16,300 ) | (314,830 ) | 5.7 |
Nomura Micro Science Co. Ltd. | (5,200 ) | (71,780 ) | 1.3 |
Ohsho Food Service Corp. | (13,200 ) | (259,291 ) | 4.7 |
Orient Corp. | (30,400 ) | (180,638 ) | 3.3 |
OSAKA Titanium Technologies Co. Ltd. | (44,700 ) | (626,693 ) | 11.4 |
Pillar Corp. /Japan | (1,100 ) | (30,798 ) | 0.6 |
Raysum Co. Ltd. | (8,600 ) | (329,940 ) | 6.0 |
RENOVA, Inc. | (105,900 ) | (600,086 ) | 10.9 |
Roland Corp. | (5,900 ) | (150,926 ) | 2.8 |
Ryobi Ltd. | (3,000 ) | (37,065 ) | 0.7 |
Seven Bank Ltd. | (188,300 ) | (397,421 ) | 7.3 |
Star Micronics Co. Ltd. | (19,400 ) | (248,498 ) | 4.5 |
Tama Home Co. Ltd. | (31,600 ) | (796,786 ) | 14.5 |
TKP Corp. | (12,900 ) | (103,414 ) | 1.9 |
Toridoll Holdings Corp. | (2,500 ) | (64,263 ) | 1.2 |
Torishima Pump Manufacturing Co. Ltd. | (4,600 ) | (83,351 ) | 1.5 |
Workman Co. Ltd. | (76,600 ) | (1,955,226 ) | 35.6 |
Yamae Group Holdings Co. Ltd. | (10,200 ) | (130,318 ) | 2.4 |
Yodogawa Steel Works Ltd. | (4,100 ) | (144,896 ) | 2.6 |
(17,669,392 ) | |||
Malta | |||
Gambling.com Group Ltd. | (8,432 ) | (81,200 ) | 1.5 |
Netherlands | |||
AMG Critical Materials NV | (63,788 ) | (1,088,202 ) | 19.8 |
Fugro NV, Class C | (54,266 ) | (1,247,772 ) | 22.8 |
Redcare Pharmacy NV | (2,654 ) | (406,458 ) | 7.4 |
(2,742,432 ) | |||
New Zealand | |||
Ryman Healthcare Ltd. | (600,049 ) | (1,782,487 ) | 32.5 |
Nigeria | |||
Airtel Africa PLC | (1,009,232 ) | (1,326,233 ) | 24.2 |
Norway | |||
FLEX LNG Ltd. | (24,814 ) | (607,943 ) | 11.1 |
NEL ASA | (62,200 ) | (24,063 ) | 0.4 |
(632,006 ) | |||
Spain | |||
Acerinox SA | (54,065 ) | (495,403 ) | 9.0 |
Security | Shares | Value | % of Basket Value |
Spain (continued) | |||
Sacyr SA | (121,768 ) | $(405,490 ) | 7.4 % |
Vidrala SA | (6,360 ) | (687,708 ) | 12.5 |
Viscofan SA | (14,915 ) | (997,463 ) | 18.2 |
(2,586,064 ) | |||
Sweden | |||
Axfood AB | (71,231 ) | (1,590,481 ) | 29.0 |
Cloetta AB, Class B | (313,849 ) | (788,264 ) | 14.4 |
Elekta AB, Class B | (119,106 ) | (717,505 ) | 13.1 |
Hms Networks Ab | (5,075 ) | (188,828 ) | 3.4 |
Munters Group AB | (10,676 ) | (172,947 ) | 3.2 |
Paradox Interactive AB | (2,953 ) | (55,709 ) | 1.0 |
Samhallsbyggnadsbolaget i Norden AB, Class B | (827,342 ) | (439,784 ) | 8.0 |
SiriusPoint Ltd. | (419,303 ) | (5,509,641 ) | 100.4 |
Stillfront Group AB | (27,180 ) | (18,906 ) | 0.3 |
Thule Group AB | (32,956 ) | (1,103,113 ) | 20.1 |
(10,585,178 ) | |||
Switzerland | |||
Garrett Motion, Inc. | (120,083 ) | (892,217 ) | 16.3 |
United Kingdom | |||
Aston Martin Lagonda Global Holdings PLC | (48,767 ) | (71,939 ) | 1.3 |
Auction Technology Group PLC | (33,016 ) | (191,789 ) | 3.5 |
Breedon Group PLC | (68,820 ) | (390,456 ) | 7.1 |
Fidelis Insurance Holdings Ltd. | (160,299 ) | (2,766,761 ) | 50.4 |
Future PLC | (4,467 ) | (50,577 ) | 0.9 |
Genius Sports Ltd. | (35,096 ) | (240,408 ) | 4.4 |
Ibstock PLC | (123,664 ) | (319,715 ) | 5.8 |
ITV PLC | (176,274 ) | (167,867 ) | 3.1 |
Marex Group PLC | (1,828 ) | (48,149 ) | 0.9 |
Mobico Group PLC | (643,008 ) | (575,000 ) | 10.5 |
Next 15 Group PLC | (65,658 ) | (340,768 ) | 6.2 |
OSB Group PLC | (181,642 ) | (822,217 ) | 15.0 |
Spirent Communications PLC | (237,147 ) | (513,726 ) | 9.4 |
Victrex PLC | (11,684 ) | (128,362 ) | 2.3 |
Watches of Switzerland Group PLC | (95,220 ) | (500,579 ) | 9.1 |
(7,128,313 ) | |||
United States | |||
AAR Corp. | (4,566 ) | (268,024 ) | 4.9 |
Adeia, Inc. | (75,919 ) | (943,673 ) | 17.2 |
Adtalem Global Education, Inc. | (54,458 ) | (4,406,741 ) | 80.3 |
Aehr Test Systems | (6,701 ) | (94,350 ) | 1.7 |
American Coastal Insurance Corp., Class C | (6,318 ) | (76,764 ) | 1.4 |
Apollo Commercial Real Estate Finance, Inc. | (203,637 ) | (1,810,333 ) | 33.0 |
Apple Hospitality REIT, Inc. | (75,465 ) | (1,114,618 ) | 20.3 |
Applied Digital Corp. | (116,874 ) | (790,068 ) | 14.4 |
Arbor Realty Trust, Inc. | (18,948 ) | (279,294 ) | 5.1 |
Artesian Resources Corp., Class A | (6,889 ) | (230,850 ) | 4.2 |
Assured Guaranty Ltd. | (9,239 ) | (771,087 ) | 14.1 |
Atlanta Braves Holdings, Inc., Class C | (91,255 ) | (3,605,485 ) | 65.7 |
Atlas Energy Solutions, Inc. | (86,942 ) | (1,701,455 ) | 31.0 |
Baldwin Insurance Group, Inc., Class A | (33,170 ) | (1,534,444 ) | 28.0 |
Banner Corp. | (73,855 ) | (4,729,674 ) | 86.2 |
Bel Fuse, Inc., Class B | (5,127 ) | (386,678 ) | 7.0 |
BGC Group, Inc., Class A | (168,538 ) | (1,579,201 ) | 28.8 |
BOK Financial Corp. | (8,353 ) | (887,339 ) | 16.2 |
Boston Omaha Corp., Class A | (27,726 ) | (409,236 ) | 7.5 |
BRC, Inc., Class A | (19,572 ) | (61,260 ) | 1.1 |
Bread Financial Holdings, Inc. | (32,956 ) | (1,642,857 ) | 29.9 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
BrightView Holdings, Inc. | (216,504 ) | $(3,546,336 ) | 64.6 % |
Caleres, Inc. | (222,607 ) | (6,644,819 ) | 121.1 |
Calix, Inc. | (27,575 ) | (975,603 ) | 17.8 |
CCC Intelligent Solutions Holdings, Inc. | (491,098 ) | (5,112,330 ) | 93.2 |
Centuri Holdings, Inc. | (31,604 ) | (593,207 ) | 10.8 |
CEVA, Inc. | (27,569 ) | (643,323 ) | 11.7 |
City Holding Co. | (6,081 ) | (709,045 ) | 12.9 |
Coastal Financial Corp. | (8,756 ) | (551,540 ) | 10.1 |
Columbia Financial, Inc. | (14,410 ) | (246,123 ) | 4.5 |
Conduent, Inc. | (27,150 ) | (97,740 ) | 1.8 |
CorMedix, Inc. | (10,524 ) | (105,819 ) | 1.9 |
Cousins Properties, Inc. | (106,127 ) | (3,250,670 ) | 59.2 |
Crescent Energy Co., Class A | (27,322 ) | (339,612 ) | 6.2 |
Cricut, Inc., Class A | (38,192 ) | (251,303 ) | 4.6 |
CTS Corp. | (18,050 ) | (893,294 ) | 16.3 |
Cytek Biosciences, Inc. | (34,109 ) | (168,669 ) | 3.1 |
Definitive Healthcare Corp., Class A | (78,833 ) | (327,157 ) | 6.0 |
DiamondRock Hospitality Co. | (194,860 ) | (1,669,950 ) | 30.4 |
DigitalOcean Holdings, Inc. | (35,468 ) | (1,403,823 ) | 25.6 |
Distribution Solutions Group, Inc. | (13,334 ) | (513,359 ) | 9.4 |
Dorman Products, Inc. | (28,247 ) | (3,221,005 ) | 58.7 |
Douglas Emmett, Inc. | (13,508 ) | (240,307 ) | 4.4 |
Eastern Bankshares, Inc. | (262,372 ) | (4,284,535 ) | 78.1 |
Eastman Kodak Co. | (206,633 ) | (975,308 ) | 17.8 |
Embecta Corp. | (60,716 ) | (854,881 ) | 15.6 |
Enerpac Tool Group Corp., Class A | (98,505 ) | (4,346,041 ) | 79.2 |
Enfusion, Inc., Class A | (92,453 ) | (823,756 ) | 15.0 |
Envista Holdings Corp. | (11,298 ) | (236,919 ) | 4.3 |
Equity Commonwealth | (74,826 ) | (1,480,807 ) | 27.0 |
Esab Corp. | (12,130 ) | (1,492,475 ) | 27.2 |
EVgo, Inc., Class A | (7,289 ) | (57,146 ) | 1.0 |
Excelerate Energy, Inc., Class A | (29,626 ) | (707,469 ) | 12.9 |
F&G Annuities & Life, Inc. | (8,651 ) | (346,905 ) | 6.3 |
Federal Agricultural Mortgage Corp., Class C | (9,645 ) | (1,767,639 ) | 32.2 |
First Commonwealth Financial Corp. | (76,199 ) | (1,252,712 ) | 22.8 |
First Community Bankshares, Inc. | (2,343 ) | (97,141 ) | 1.8 |
Flywire Corp. | (17,531 ) | (305,390 ) | 5.6 |
Four Corners Property Trust, Inc. | (310,583 ) | (8,559,667 ) | 156.0 |
Fulton Financial Corp. | (135,540 ) | (2,454,629 ) | 44.7 |
Getty Images Holdings, Inc., Class A | (9,923 ) | (41,180 ) | 0.7 |
Global Medical REIT, Inc. | (84,918 ) | (771,905 ) | 14.1 |
Gogo, Inc. | (80,287 ) | (525,880 ) | 9.6 |
Goosehead Insurance, Inc., Class A | (38,628 ) | (4,206,589 ) | 76.7 |
Great Southern Bancorp, Inc. | (3,745 ) | (212,304 ) | 3.9 |
Grid Dynamics Holdings, Inc., Class A | (15,430 ) | (245,646 ) | 4.5 |
Guess?, Inc. | (184,560 ) | (3,135,674 ) | 57.1 |
Hanesbrands, Inc. | (1,778,089 ) | (12,357,719 ) | 225.2 |
HB Fuller Co. | (99,878 ) | (7,309,072 ) | 133.2 |
HighPeak Energy, Inc. | (5,280 ) | (67,584 ) | 1.2 |
Hims & Hers Health, Inc., Class A | (85,303 ) | (1,606,255 ) | 29.3 |
Howard Hughes Holdings, Inc. | (7,191 ) | (546,804 ) | 10.0 |
I3 Verticals, Inc., Class A | (159,154 ) | (3,658,950 ) | 66.7 |
Ibotta, Inc., Class A | (35,598 ) | (2,608,977 ) | 47.5 |
Ingevity Corp. | (186,532 ) | (7,795,172 ) | 142.1 |
Inmode Ltd. | (287,738 ) | (4,914,565 ) | 89.6 |
Innodata, Inc. | (14,840 ) | (298,432 ) | 5.4 |
International Bancshares Corp. | (14,387 ) | (881,348 ) | 16.1 |
International Money Express, Inc. | (104,837 ) | (1,844,083 ) | 33.6 |
Interparfums, Inc. | (9,885 ) | (1,196,777 ) | 21.8 |
IonQ, Inc. | (15,186 ) | (228,246 ) | 4.2 |
Janus International Group, Inc. | (463,501 ) | (3,411,367 ) | 62.2 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
JetBlue Airways Corp. | (368,681 ) | $(2,101,482 ) | 38.3 % |
Knowles Corp. | (27,680 ) | (479,418 ) | 8.7 |
Lakeland Financial Corp. | (36,182 ) | (2,354,363 ) | 42.9 |
Lancaster Colony Corp. | (15,200 ) | (2,638,720 ) | 48.1 |
Legalzoom.com, Inc. | (8,351 ) | (59,960 ) | 1.1 |
Lemonade, Inc. | (26,618 ) | (632,710 ) | 11.5 |
Liberty Media Corp.-Liberty Live, Class C | (34,977 ) | (2,041,258 ) | 37.2 |
Limbach Holdings, Inc. | (8,312 ) | (631,463 ) | 11.5 |
Live Oak Bancshares, Inc. | (93,509 ) | (3,713,242 ) | 67.7 |
Lumentum Holdings, Inc. | (23,555 ) | (1,504,458 ) | 27.4 |
Malibu Boats, Inc., Class A | (11,279 ) | (506,202 ) | 9.2 |
Marten Transport Ltd. | (178,631 ) | (2,765,208 ) | 50.4 |
MaxCyte, Inc. | (30,827 ) | (110,361 ) | 2.0 |
MeridianLink, Inc. | (54,622 ) | (1,199,499 ) | 21.9 |
Mesa Laboratories, Inc. | (1,098 ) | (125,216 ) | 2.3 |
Middlesex Water Co. | (10,328 ) | (631,970 ) | 11.5 |
Mission Produce, Inc. | (7,560 ) | (89,208 ) | 1.6 |
Montauk Renewables, Inc. | (13,135 ) | (72,637 ) | 1.3 |
MP Materials Corp., Class A | (3,522 ) | (63,361 ) | 1.2 |
NBT Bancorp, Inc. | (32,538 ) | (1,447,290 ) | 26.4 |
NCR Atleos Corp. | (173,800 ) | (4,550,084 ) | 82.9 |
NextNav, Inc. | (2,966 ) | (34,465 ) | 0.6 |
nLight, Inc. | (7,114 ) | (88,783 ) | 1.6 |
Nordstrom, Inc. | (15,893 ) | (359,341 ) | 6.5 |
Nu Skin Enterprises, Inc., Class A | (135,898 ) | (841,209 ) | 15.3 |
OneWater Marine, Inc., Class A | (17,504 ) | (381,062 ) | 6.9 |
OPENLANE, Inc. | (326,618 ) | (5,160,564 ) | 94.0 |
Pactiv Evergreen, Inc. | (129,426 ) | (1,467,691 ) | 26.7 |
Paragon 28, Inc. | (20,220 ) | (107,166 ) | 2.0 |
Pathward Financial, Inc. | (22,565 ) | (1,596,699 ) | 29.1 |
Patterson Cos, Inc. | (50,354 ) | (1,057,938 ) | 19.3 |
Peakstone Realty Trust, Class E | (3,672 ) | (48,177 ) | 0.9 |
Peoples Bancorp, Inc. | (8,274 ) | (254,674 ) | 4.6 |
Phathom Pharmaceuticals, Inc. | (60,570 ) | (1,038,775 ) | 18.9 |
Piedmont Office Realty Trust, Inc., Class A | (48,826 ) | (485,330 ) | 8.8 |
Piper Sandler Cos. | (9,040 ) | (2,564,106 ) | 46.7 |
Pitney Bowes, Inc. | (43,931 ) | (316,743 ) | 5.8 |
Portland General Electric Co. | (51,957 ) | (2,462,762 ) | 44.9 |
Rayonier, Inc. | (213,619 ) | (6,671,321 ) | 121.6 |
RCI Hospitality Holdings, Inc. | (8,964 ) | (389,217 ) | 7.1 |
Ready Capital Corp. | (169,691 ) | (1,162,383 ) | 21.2 |
RXO, Inc. | (258,365 ) | (7,283,309 ) | 132.7 |
S&T Bancorp, Inc. | (14,338 ) | (544,557 ) | 9.9 |
Scholastic Corp. | (9,344 ) | (232,012 ) | 4.2 |
Select Water Solutions, Inc., Class A | (299,991 ) | (3,179,905 ) | 57.9 |
Sezzle, Inc. | (1,012 ) | (217,236 ) | 4.0 |
Shenandoah Telecommunications Co. | (5,547 ) | (76,770 ) | 1.4 |
SIGA Technologies, Inc. | (19,517 ) | (140,913 ) | 2.6 |
Signet Jewelers Ltd. | (29,151 ) | (2,672,564 ) | 48.7 |
SL Green Realty Corp. | (20,803 ) | (1,572,915 ) | 28.7 |
Smith Douglas Homes Corp., Class A | (136,684 ) | (4,526,974 ) | 82.5 |
SolarWinds Corp. | (5,550 ) | (72,594 ) | 1.3 |
Sonoco Products Co. | (19,850 ) | (1,042,522 ) | 19.0 |
Sotera Health Co. | (5,049 ) | (79,118 ) | 1.4 |
Stellar Bancorp, Inc. | (30,882 ) | (840,608 ) | 15.3 |
StoneX Group, Inc. | (24,210 ) | (2,179,868 ) | 39.7 |
Sun Country Airlines Holdings, Inc. | (5,340 ) | (75,027 ) | 1.4 |
TEGNA, Inc. | (65,579 ) | (1,077,463 ) | 19.6 |
Towne Bank | (36,411 ) | (1,184,086 ) | 21.6 |
TreeHouse Foods, Inc. | (43,039 ) | (1,565,759 ) | 28.5 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
TriMas Corp. | (85,738 ) | $(2,302,065 ) | 41.9 % |
TripAdvisor, Inc. | (203,960 ) | (3,271,518 ) | 59.6 |
Triumph Group, Inc. | (178,953 ) | (2,476,710 ) | 45.1 |
Trupanion, Inc. | (3,675 ) | (201,316 ) | 3.7 |
United Community Banks, Inc. | (19,929 ) | (567,179 ) | 10.3 |
Upstart Holdings, Inc. | (6,101 ) | (296,997 ) | 5.4 |
Vital Energy, Inc. | (116,579 ) | (3,179,109 ) | 57.9 |
Vivid Seats, Inc., Class A | (349,759 ) | (1,423,519 ) | 25.9 |
Westrock Coffee Co. | (4,968 ) | (32,988 ) | 0.6 |
White Mountains Insurance Group Ltd. | (1,484 ) | (2,666,956 ) | 48.6 |
Xenia Hotels & Resorts, Inc. | (54,942 ) | (778,528 ) | 14.2 |
Xometry, Inc., Class A | (18,242 ) | (359,003 ) | 6.5 |
XPEL, Inc. | (22,418 ) | (864,662 ) | 15.8 |
ZoomInfo Technologies, Inc., Class A | (180,382 ) | (1,993,221 ) | 36.3 |
(249,920,901 ) | |||
Total Reference Entity — Short | (320,100,311 ) | ||
Net Value of Reference Entity — UBS AG | $(5,487,575 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 228,494 | $1,568,842 | (12.2 )% |
JB Hi-Fi Ltd. | 105,751 | 5,674,837 | (44.3 ) |
Sandfire Resources Ltd. | 68,665 | 464,704 | (3.6 ) |
Worley Ltd. | 26,397 | 242,395 | (1.9 ) |
7,950,778 | |||
Belgium | |||
Liberty Global Ltd., Class C | 210,574 | 4,342,036 | (33.9 ) |
Canada | |||
Algonquin Power & Utilities Corp. | 291,974 | 1,411,272 | (11.0 ) |
Barrick Gold Corp. | 68,767 | 1,329,062 | (10.4 ) |
Celestica, Inc. | 48,360 | 3,309,327 | (25.8 ) |
FirstService Corp. | 9,319 | 1,725,456 | (13.4 ) |
Keyera Corp. | 74,975 | 2,302,533 | (18.0 ) |
Magna International, Inc. | 946 | 37,348 | (0.3 ) |
Stantec, Inc. | 30,413 | 2,466,940 | (19.2 ) |
12,581,938 | |||
Denmark | |||
Genmab A/S | 1,056 | 236,499 | (1.9 ) |
Vestas Wind Systems A/S | 71,399 | 1,360,674 | (10.6 ) |
1,597,173 | |||
France | |||
Credit Agricole SA | 49,949 | 765,622 | (6.0 ) |
Engie SA | 291,874 | 4,892,249 | (38.2 ) |
Gaztransport Et Technigaz SA | 5,248 | 763,579 | (5.9 ) |
6,421,450 | |||
Germany | |||
Adidas AG, Class N | 33,382 | 7,994,695 | (62.4 ) |
Security | Shares | Value | % of Basket Value |
Germany (continued) | |||
E.ON SE, Class N | 466,772 | $6,299,120 | (49.1 )% |
Merck KGaA | 6,876 | 1,136,777 | (8.9 ) |
Rheinmetall AG | 1,348 | 693,998 | (5.4 ) |
16,124,590 | |||
Greece | |||
National Bank of Greece SA | 348,055 | 2,726,914 | (21.3 ) |
Hong Kong | |||
Link REIT | 299,603 | 1,395,975 | (10.9 ) |
Sino Land Co. Ltd. | 124,000 | 124,094 | (1.0 ) |
1,520,069 | |||
Italy | |||
A2A SpA | 65,768 | 150,335 | (1.2 ) |
Mediobanca Banca di Credito Finanziario SpA | 24,716 | 407,747 | (3.2 ) |
558,082 | |||
Japan | |||
Amada Co. Ltd. | 57,900 | 570,599 | (4.5 ) |
ANA Holdings, Inc. | 106,400 | 2,095,731 | (16.4 ) |
Asahi Kasei Corp. | 43,800 | 302,162 | (2.4 ) |
Astellas Pharma, Inc. | 59,100 | 691,962 | (5.4 ) |
Ebara Corp. | 405,400 | 6,092,512 | (47.5 ) |
J Front Retailing Co. Ltd. | 62,800 | 666,915 | (5.2 ) |
Kyocera Corp. | 520,300 | 5,276,731 | (41.2 ) |
Kyowa Kirin Co. Ltd. | 6,900 | 113,724 | (0.9 ) |
Mitsubishi Chemical Group Corp. | 273,900 | 1,477,989 | (11.5 ) |
Mizuho Financial Group, Inc. | 82,300 | 1,709,453 | (13.3 ) |
NIDEC Corp. | 96,200 | 1,916,382 | (15.0 ) |
Nippon Express Holdings, Inc | 16,700 | 823,342 | (6.4 ) |
Obayashi Corp. | 204,800 | 2,510,689 | (19.6 ) |
Ono Pharmaceutical Co. Ltd. | 15,200 | 189,851 | (1.5 ) |
Shimizu Corp. | 440,100 | 2,915,626 | (22.7 ) |
Sumitomo Corp. | 48,200 | 1,016,847 | (7.9 ) |
Sumitomo Mitsui Trust Group, Inc. | 119,400 | 2,618,480 | (20.4 ) |
Tokio Marine Holdings, Inc. | 192,000 | 6,915,098 | (53.9 ) |
Tokyo Tatemono Co. Ltd. | 23,900 | 390,282 | (3.0 ) |
Ulvac, Inc. | 9,300 | 434,844 | (3.4 ) |
38,729,219 | |||
Macau | |||
Galaxy Entertainment Group Ltd., Class L | 14,000 | 62,308 | (0.5 ) |
New Zealand | |||
Xero Ltd. | 37,624 | 3,655,380 | (28.5 ) |
Norway | |||
Equinor ASA | 74,324 | 1,766,102 | (13.8 ) |
Frontline PLC | 26,843 | 523,170 | (4.1 ) |
Telenor ASA | 4,880 | 59,934 | (0.4 ) |
2,349,206 | |||
Singapore | |||
Singapore Airlines Ltd. | 688,500 | 3,358,578 | (26.2 ) |
Spain | |||
ACS Actividades de Construccion y Servicios SA | 303,228 | 14,541,427 | (113.4 ) |
Security | Shares | Value | % of Basket Value |
Switzerland | |||
TE Connectivity PLC | 2,988 | $440,491 | (3.4 )% |
United Kingdom | |||
Intertek Group PLC | 209,077 | 12,551,214 | (97.9 ) |
J Sainsbury PLC | 824,470 | 2,838,481 | (22.2 ) |
Marks & Spencer Group PLC | 400,960 | 1,945,416 | (15.2 ) |
Smiths Group PLC | 11,847 | 233,775 | (1.8 ) |
TechnipFMC PLC | 1,252,311 | 33,424,181 | (260.7 ) |
50,993,067 | |||
United States | |||
AECOM | 38,309 | 4,091,401 | (31.9 ) |
Alaska Air Group, Inc. | 69,028 | 3,307,131 | (25.8 ) |
American Airlines Group, Inc. | 1,344,168 | 18,011,851 | (140.5 ) |
API Group Corp. | 145,317 | 4,961,122 | (38.7 ) |
Aramark | 57,643 | 2,180,635 | (17.0 ) |
AutoNation, Inc. | 12,394 | 1,926,895 | (15.0 ) |
AvalonBay Communities, Inc. | 27,682 | 6,134,608 | (47.9 ) |
Booz Allen Hamilton Holding Corp., Class A | 125,118 | 22,728,936 | (177.3 ) |
BorgWarner, Inc. | 589,114 | 19,811,904 | (154.6 ) |
Box, Inc., Class A | 18,652 | 592,388 | (4.6 ) |
Broadridge Financial Solutions, Inc. | 5,028 | 1,060,204 | (8.3 ) |
Burlington Stores, Inc. | 85,806 | 21,260,153 | (165.8 ) |
Crown Holdings, Inc. | 112,261 | 10,502,017 | (81.9 ) |
CubeSmart | 50,260 | 2,404,438 | (18.8 ) |
Flowserve Corp. | 27,498 | 1,447,495 | (11.3 ) |
Fox Corp., Class A | 56,793 | 2,385,306 | (18.6 ) |
Freeport-McMoRan, Inc. | 100,767 | 4,536,530 | (35.4 ) |
Intercontinental Exchange, Inc. | 19,490 | 3,037,906 | (23.7 ) |
Invesco Ltd. | 170,984 | 2,964,863 | (23.1 ) |
Jazz Pharmaceuticals PLC | 44,232 | 4,866,847 | (38.0 ) |
Kroger Co. | 120,921 | 6,743,764 | (52.6 ) |
Lamar Advertising Co., Class A | 6,714 | 886,248 | (6.9 ) |
Levi Strauss & Co., Class A | 14,911 | 254,829 | (2.0 ) |
MasTec, Inc. | 107,590 | 13,221,735 | (103.1 ) |
Mettler-Toledo International, Inc. | 270 | 348,773 | (2.7 ) |
MKS Instruments, Inc. | 36,164 | 3,592,170 | (28.0 ) |
New York Times Co., Class A | 45,301 | 2,529,608 | (19.7 ) |
NVR, Inc. | 405 | 3,706,888 | (28.9 ) |
Oshkosh Corp. | 35,090 | 3,587,602 | (28.0 ) |
Palo Alto Networks, Inc. | 16,681 | 6,010,665 | (46.9 ) |
Paramount Global, Class B | 318,107 | 3,480,091 | (27.1 ) |
Penske Automotive Group, Inc. | 6,858 | 1,032,609 | (8.1 ) |
Pinnacle West Capital Corp. | 309,030 | 27,135,924 | (211.7 ) |
Post Holdings, Inc. | 11,621 | 1,269,129 | (9.9 ) |
Primo Water Corp. | 32,459 | 852,301 | (6.6 ) |
Qualys, Inc. | 35,458 | 4,228,012 | (33.0 ) |
Royal Gold, Inc. | 31,291 | 4,570,363 | (35.7 ) |
S&P Global, Inc. | 20,324 | 9,762,837 | (76.2 ) |
Sarepta Therapeutics, Inc. | 3,885 | 489,510 | (3.8 ) |
Taylor Morrison Home Corp., Class A | 26,657 | 1,826,004 | (14.2 ) |
Tenet Healthcare Corp. | 95,098 | 14,742,092 | (115.0 ) |
Trex Co., Inc. | 2,999 | 212,479 | (1.7 ) |
UGI Corp. | 2,162 | 51,693 | (0.4 ) |
Universal Health Services, Inc., Class B | 92,667 | 18,932,795 | (147.7 ) |
VeriSign, Inc. | 24,395 | 4,314,012 | (33.7 ) |
Walmart, Inc. | 787,971 | 64,574,223 | (503.7 ) |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Watsco, Inc. | 1,825 | $863,243 | (6.7 )% |
WESCO International, Inc. | 14,478 | 2,779,342 | (21.7 ) |
Zoetis, Inc., Class A | 6,962 | 1,244,666 | (9.7 ) |
341,456,237 | |||
Total Reference Entity — Long | 509,408,943 | ||
Reference Entity — Short | |||
Common Stocks | |||
Belgium | |||
D Ieteren Group | (13,099 ) | (2,835,891 ) | 22.1 |
Lotus Bakeries NV | (100 ) | (1,310,811 ) | 10.2 |
(4,146,702 ) | |||
Bermuda | |||
RenaissanceRe Holdings Ltd. | (2,636 ) | (691,686 ) | 5.4 |
Canada | |||
RB Global, Inc. | (1 ) | (85 ) | 0.0 |
China | |||
Wharf Holdings, Ltd. | (5,000 ) | (14,167 ) | 0.1 |
Denmark | |||
Bavarian Nordic A/S | (1,247 ) | (39,261 ) | 0.3 |
Carlsberg A/S, Class B | (5,264 ) | (581,744 ) | 4.5 |
Coloplast A/S, Class B | (25,293 ) | (3,167,963 ) | 24.7 |
Demant A/S | (62,694 ) | (2,315,679 ) | 18.1 |
Novozymes A/S, Class B | (9,075 ) | (570,289 ) | 4.4 |
Orsted A/S | (1,197 ) | (70,451 ) | 0.6 |
Rockwool A/S, Class B | (419 ) | (181,322 ) | 1.4 |
Tryg A/S | (43,270 ) | (1,021,205 ) | 8.0 |
(7,947,914 ) | |||
Finland | |||
Kesko OYJ, Class B | (36,161 ) | (776,674 ) | 6.1 |
Neste OYJ | (67,818 ) | (1,088,886 ) | 8.5 |
UPM-Kymmene OYJ | (6,329 ) | (186,241 ) | 1.4 |
(2,051,801 ) | |||
France | |||
Bollore SE | (46,797 ) | (292,152 ) | 2.3 |
EssilorLuxottica SA | (43,940 ) | (10,306,473 ) | 80.4 |
Legrand SA | (860 ) | (97,067 ) | 0.8 |
Sartorius Stedim Biotech | (4,529 ) | (908,530 ) | 7.1 |
Worldline SA/France | (214,391 ) | (1,519,704 ) | 11.8 |
(13,123,926 ) | |||
Germany | |||
Daimler Truck Holding AG | (7,754 ) | (320,633 ) | 2.5 |
Gerresheimer AG | (22,001 ) | (1,852,919 ) | 14.5 |
(2,173,552 ) | |||
Hong Kong | |||
Henderson Land Development Co. Ltd. | (6,000 ) | (19,240 ) | 0.2 |
MTR Corp. Ltd. | (64,000 ) | (232,857 ) | 1.8 |
(252,097 ) | |||
Israel | |||
Global-e Online Ltd. | (16,291 ) | (626,226 ) | 4.9 |
Mobileye Global, Inc., Class A | (9,289 ) | (126,423 ) | 1.0 |
Oddity Tech Ltd., Class A | (11,041 ) | (423,864 ) | 3.3 |
(1,176,513 ) |
Security | Shares | Value | % of Basket Value |
Italy | |||
Davide Campari-Milano NV | (97,166 ) | $(652,349 ) | 5.1 % |
DiaSorin SpA | (545 ) | (59,193 ) | 0.5 |
Leonardo SpA | (8,841 ) | (210,732 ) | 1.6 |
Nexi SpA | (189,202 ) | (1,195,907 ) | 9.3 |
(2,118,181 ) | |||
Japan | |||
Hoshizaki Corp. | (22,700 ) | (746,109 ) | 5.8 |
Ibiden Co. Ltd. | (10,900 ) | (346,235 ) | 2.7 |
Japan Real Estate Investment Corp. | (131 ) | (476,506 ) | 3.7 |
Keisei Electric Railway Co. Ltd. | (7,500 ) | (195,134 ) | 1.5 |
Kikkoman Corp. | (24,100 ) | (282,759 ) | 2.2 |
Mercari, Inc. | (600 ) | (8,393 ) | 0.1 |
Nippon Building Fund, Inc. | (790 ) | (678,524 ) | 5.3 |
Nippon Sanso Holdings Corp. | (9,400 ) | (326,293 ) | 2.6 |
Nitori Holdings Co. Ltd. | (800 ) | (101,884 ) | 0.8 |
Rakus Co. Ltd. | (29,300 ) | (391,779 ) | 3.1 |
Rohto Pharmaceutical Co. Ltd. | (24,900 ) | (559,935 ) | 4.4 |
Sapporo Holdings Ltd. | (2,100 ) | (100,799 ) | 0.8 |
Secom Co. Ltd. | (5,100 ) | (181,371 ) | 1.4 |
SG Holdings Co. Ltd. | (46,500 ) | (466,318 ) | 3.6 |
SUMCO Corp. | (31,000 ) | (296,404 ) | 2.3 |
Tohoku Electric Power Co., Inc. | (3,200 ) | (31,388 ) | 0.2 |
Tokyo Gas Co. Ltd. | (6,300 ) | (155,439 ) | 1.2 |
Visional, Inc. | (3,700 ) | (197,984 ) | 1.5 |
(5,543,254 ) | |||
Netherlands | |||
ASR Nederland NV | (114 ) | (5,404 ) | 0.1 |
Heineken Holding NV | (26,085 ) | (1,807,380 ) | 14.1 |
IMCD NV | (12,029 ) | (1,912,503 ) | 14.9 |
JDE Peet’s NV | (52,302 ) | (1,180,795 ) | 9.2 |
(4,906,082 ) | |||
New Zealand | |||
Auckland International Airport Ltd. | (49,195 ) | (214,648 ) | 1.7 |
Mercury NZ Ltd. | (22,565 ) | (88,818 ) | 0.7 |
(303,466 ) | |||
Norway | |||
Orkla ASA | (101,597 ) | (938,609 ) | 7.3 |
Portugal | |||
Banco Comercial Portugues SA, Class R | (2,959,251 ) | (1,492,786 ) | 11.7 |
Galp Energia SGPS SA, Class B | (176,573 ) | (3,017,965 ) | 23.5 |
(4,510,751 ) | |||
Singapore | |||
Grab Holdings Ltd., Class A | (1,750,347 ) | (7,141,416 ) | 55.7 |
Spain | |||
EDP Renovaveis SA | (175,750 ) | (2,382,046 ) | 18.6 |
Sweden | |||
Castellum AB | (71,106 ) | (890,440 ) | 6.9 |
Epiroc AB, Class A | (394,480 ) | (7,704,310 ) | 60.1 |
Epiroc AB, Class B | (116,163 ) | (2,001,143 ) | 15.6 |
Getinge AB, Class B | (59,052 ) | (1,044,669 ) | 8.1 |
Investment AB Latour, Class B | (16,652 ) | (459,623 ) | 3.6 |
Lifco AB, Class B | (14,021 ) | (418,357 ) | 3.3 |
Skandinaviska Enskilda Banken AB, Class A | (166,740 ) | (2,354,912 ) | 18.4 |
(14,873,454 ) | |||
United Kingdom | |||
Ashtead Group PLC | (43,069 ) | (3,221,892 ) | 25.1 |
Security | Shares | Value | % of Basket Value |
United Kingdom (continued) | |||
Coca-Cola Europacific Partners PLC | (99,813 ) | $(7,585,788 ) | 59.2 % |
Hiscox Ltd. | (116,793 ) | (1,629,479 ) | 12.7 |
JD Sports Fashion PLC | (1,127,607 ) | (1,808,102 ) | 14.1 |
Legal & General Group PLC | (346,839 ) | (972,843 ) | 7.6 |
Smith & Nephew PLC | (429,578 ) | (5,340,868 ) | 41.6 |
St James’s Place PLC | (90,145 ) | (945,676 ) | 7.4 |
Tritax Big Box REIT PLC | (2,346,228 ) | (4,268,762 ) | 33.3 |
Weir Group PLC | (70,889 ) | (1,909,045 ) | 14.9 |
(27,682,455 ) | |||
United States | |||
AGCO Corp. | (3,977 ) | (397,064 ) | 3.1 |
Air Lease Corp., Class A | (78,791 ) | (3,494,381 ) | 27.3 |
Alight, Inc., Class A | (760,487 ) | (5,270,175 ) | 41.1 |
Alliant Energy Corp. | (259,022 ) | (15,541,320 ) | 121.2 |
Amentum Holdings, Inc. | (15,997 ) | (475,751 ) | 3.7 |
Antero Midstream Corp. | (146,570 ) | (2,106,211 ) | 16.4 |
AppLovin Corp., Class A | (56,834 ) | (9,627,111 ) | 75.1 |
Aspen Technology, Inc. | (34,919 ) | (8,196,537 ) | 63.9 |
ATI, Inc. | (46,752 ) | (2,464,298 ) | 19.2 |
Atlassian Corp., Class A | (3,569 ) | (672,899 ) | 5.3 |
Aurora Innovation, Inc., Class A | (132,327 ) | (687,439 ) | 5.4 |
Axon Enterprise, Inc. | (42,500 ) | (17,998,750 ) | 140.4 |
Bill Holdings, Inc. | (60,103 ) | (3,507,611 ) | 27.4 |
Broadcom, Inc. | (197,928 ) | (33,602,237 ) | 262.1 |
Choice Hotels International, Inc. | (2,173 ) | (303,155 ) | 2.4 |
Core & Main, Inc., Class A | (82,635 ) | (3,659,078 ) | 28.5 |
Corning, Inc. | (10,048 ) | (478,184 ) | 3.7 |
Corpay, Inc. | (33,173 ) | (10,937,802 ) | 85.3 |
Coty, Inc., Class A | (472,214 ) | (3,513,272 ) | 27.4 |
Crane Co. | (11,101 ) | (1,745,965 ) | 13.6 |
Crown Castle, Inc. | (23,467 ) | (2,522,468 ) | 19.7 |
Dominion Energy, Inc. | (20,830 ) | (1,240,010 ) | 9.7 |
Doximity, Inc., Class A | (22,324 ) | (931,804 ) | 7.3 |
Dutch Bros, Inc., Class A | (136,252 ) | (4,512,666 ) | 35.2 |
Eastman Chemical Co. | (3,222 ) | (338,600 ) | 2.6 |
Erie Indemnity Co., Class A | (1,332 ) | (597,855 ) | 4.7 |
Expand Energy Corp. | (55,276 ) | (4,682,983 ) | 36.5 |
Fastenal Co. | (50,213 ) | (3,925,652 ) | 30.6 |
General Electric Co. | (5,168 ) | (887,759 ) | 6.9 |
Globant SA | (441 ) | (92,561 ) | 0.7 |
Globus Medical, Inc., Class A | (70,269 ) | (5,167,582 ) | 40.3 |
Hamilton Lane, Inc., Class A | (102,964 ) | (18,496,453 ) | 144.3 |
Hilton Grand Vacations, Inc. | (256,884 ) | (9,473,882 ) | 73.9 |
Informatica, Inc., Class A | (8,700 ) | (237,510 ) | 1.9 |
KBR, Inc. | (93,755 ) | (6,282,523 ) | 49.0 |
Lantheus Holdings, Inc. | (29,513 ) | (3,241,708 ) | 25.3 |
Lumen Technologies, Inc. | (93,967 ) | (600,449 ) | 4.7 |
MarketAxess Holdings, Inc. | (10,045 ) | (2,907,224 ) | 22.7 |
Martin Marietta Materials, Inc. | (2,218 ) | (1,313,810 ) | 10.3 |
Marvell Technology, Inc. | (95,680 ) | (7,664,925 ) | 59.8 |
Matador Resources Co. | (80,448 ) | (4,192,145 ) | 32.7 |
Modine Manufacturing Co. | (60,070 ) | (7,074,444 ) | 55.2 |
National Storage Affiliates Trust | (39,197 ) | (1,652,154 ) | 12.9 |
Old Dominion Freight Line, Inc. | (37,973 ) | (7,644,724 ) | 59.6 |
O’Reilly Automotive, Inc. | (12,016 ) | (13,856,130 ) | 108.1 |
Pinnacle Financial Partners, Inc. | (3,098 ) | (326,684 ) | 2.6 |
Procore Technologies, Inc. | (13,257 ) | (870,322 ) | 6.8 |
PTC, Inc. | (1,980 ) | (366,953 ) | 2.9 |
Public Service Enterprise Group, Inc. | (42,778 ) | (3,824,781 ) | 29.8 |
Realty Income Corp. | (3,517 ) | (208,804 ) | 1.6 |
Security | Shares | Value | % of Basket Value |
United States (continued) | |||
Revvity, Inc. | (17,514 ) | $(2,076,985 ) | 16.2 % |
Rexford Industrial Realty, Inc. | (398,863 ) | (17,107,234 ) | 133.5 |
Robinhood Markets, Inc., Class A | (291,303 ) | (6,842,707 ) | 53.4 |
Roper Technologies, Inc. | (39,730 ) | (21,364,013 ) | 166.7 |
Saia, Inc. | (26,937 ) | (13,161,688 ) | 102.7 |
Sempra | (23,358 ) | (1,947,356 ) | 15.2 |
Shift4 Payments, Inc., Class A | (1,088 ) | (98,399 ) | 0.8 |
Sinch AB | (317,127 ) | (947,030 ) | 7.4 |
Smurfit WestRock PLC | (935,096 ) | (48,157,444 ) | 375.7 |
Southern Co. | (451,808 ) | (41,128,082 ) | 320.8 |
Sprouts Farmers Market, Inc. | (30,363 ) | (3,899,520 ) | 30.4 |
SPS Commerce, Inc. | (16,714 ) | (2,757,810 ) | 21.5 |
STAG Industrial, Inc. | (47,125 ) | (1,756,820 ) | 13.7 |
SVB Financial Group | (216 ) | (2 ) | 0.0 |
Symbotic, Inc., Class A | (4,751 ) | (132,030 ) | 1.0 |
Teledyne Technologies, Inc. | (2,144 ) | (976,206 ) | 7.6 |
Terreno Realty Corp. | (60,147 ) | (3,605,813 ) | 28.1 |
United Rentals, Inc. | (3,915 ) | (3,182,112 ) | 24.8 |
Valaris Ltd. | (58,874 ) | (2,979,024 ) | 23.2 |
Vaxcyte, Inc. | (27,281 ) | (2,901,334 ) | 22.6 |
Waters Corp. | (278 ) | (89,825 ) | 0.7 |
Wyndham Hotels & Resorts, Inc. | (55,743 ) | (4,923,222 ) | 38.4 |
Xcel Energy, Inc. | (5,994 ) | (400,459 ) | 3.1 |
(420,249,920 ) | |||
Total Reference Entity — Short | (522,228,077 ) | ||
Net Value of Reference Entity — UBS AG | $(12,819,134 ) |
Security | Shares | Value | % of Basket Value |
Reference Entity — Long | |||
Common Stocks | |||
Australia | |||
AGL Energy Ltd. | 137,412 | $943,472 | (25.2 )% |
Computershare Ltd. | 148,558 | 2,568,189 | (68.5 ) |
South32 Ltd. | 390,211 | 935,786 | (24.9 ) |
Worley Ltd. | 53,745 | 493,524 | (13.2 ) |
4,940,971 | |||
Canada | |||
Algonquin Power & Utilities Corp. | 137,335 | 663,816 | (17.7 ) |
Barrick Gold Corp. | 76,493 | 1,478,383 | (39.4 ) |
Canadian Tire Corp. Ltd., Class A | 6,479 | 689,477 | (18.4 ) |
Canadian Utilities Ltd., Class A | 52,745 | 1,350,493 | (36.0 ) |
Celestica, Inc. | 46,042 | 3,150,703 | (84.0 ) |
Cenovus Energy, Inc. | 25,960 | 417,456 | (11.1 ) |
Emera, Inc. | 54,800 | 2,070,227 | (55.2 ) |
Empire Co., Ltd., Class A | 7,429 | 214,330 | (5.7 ) |
Finning International, Inc. | 53,072 | 1,549,069 | (41.3 ) |
FirstService Corp. | 15,780 | 2,921,740 | (77.9 ) |
Franco-Nevada Corp. | 24,643 | 3,271,102 | (87.3 ) |
Keyera Corp. | 78,492 | 2,410,542 | (64.3 ) |
Royal Bank of Canada | 3,715 | 449,290 | (12.0 ) |
Saputo, Inc. | 14,824 | 282,778 | (7.6 ) |
Security | Shares | Value | % of Basket Value |
Canada (continued) | |||
Stantec, Inc. | 42,466 | $3,444,615 | (91.9 )% |
TELUS Corp. | 38,955 | 615,793 | (16.4 ) |
Thomson Reuters Corp. | 35,514 | 5,813,191 | (155.0 ) |
30,793,005 | |||
Denmark | |||
Genmab A/S | 866 | 193,947 | (5.2 ) |
Vestas Wind Systems A/S | 156,585 | 2,984,091 | (79.6 ) |
3,178,038 | |||
Finland | |||
Nordea Bank Abp | 73,568 | 861,259 | (23.0 ) |
France | |||
Credit Agricole SA | 65,807 | 1,008,695 | (26.9 ) |
Eiffage SA | 26,304 | 2,448,209 | (65.3 ) |
Engie SA | 86,379 | 1,447,842 | (38.6 ) |
Gaztransport Et Technigaz SA | 3,880 | 564,536 | (15.1 ) |
Veolia Environnement SA | 27,406 | 870,132 | (23.2 ) |
6,339,414 | |||
Germany | |||
Adidas AG | 75,850 | 18,165,406 | (484.4 ) |
HUGO BOSS AG | 23,124 | 1,064,585 | (28.4 ) |
Nordex SE | 16,582 | 236,302 | (6.3 ) |
Rational AG | 91 | 89,117 | (2.4 ) |
Rheinmetall AG | 3,985 | 2,051,619 | (54.7 ) |
21,607,029 | |||
Italy | |||
A2A SpA | 293,331 | 670,509 | (17.9 ) |
BPER Banca SPA | 870,811 | 5,302,017 | (141.4 ) |
Mediobanca Banca di Credito Finanziario SpA | 78,784 | 1,299,721 | (34.7 ) |
Prysmian SpA | 914 | 64,505 | (1.7 ) |
Recordati Industria Chimica e Farmaceutica SpA | 1,421 | 80,625 | (2.1 ) |
Unipol Gruppo SpA | 54,944 | 682,843 | (18.2 ) |
8,100,220 | |||
Japan | |||
Amada Co. Ltd. | 140,700 | 1,386,584 | (37.0 ) |
Asahi Intecc Co., Ltd. | 257,700 | 4,129,290 | (110.1 ) |
Asahi Kasei Corp. | 357,200 | 2,464,209 | (65.7 ) |
Astellas Pharma, Inc. | 111,100 | 1,300,795 | (34.7 ) |
Ebara Corp. | 97,600 | 1,466,771 | (39.1 ) |
Fujitsu Ltd. | 146,000 | 2,806,973 | (74.9 ) |
Hulic Co. Ltd. | 12,100 | 112,051 | (3.0 ) |
J Front Retailing Co. Ltd. | 123,900 | 1,315,777 | (35.1 ) |
Kose Corp. | 6,200 | 340,726 | (9.1 ) |
Kubota Corp. | 13,900 | 177,602 | (4.7 ) |
Kyocera Corp. | 585,800 | 5,941,013 | (158.4 ) |
Kyowa Kirin Co. Ltd. | 10,100 | 166,466 | (4.4 ) |
Mitsubishi Chemical Group Corp. | 267,300 | 1,442,374 | (38.5 ) |
Nexon Co. Ltd. | 41,400 | 717,542 | (19.1 ) |
Nippon Express Holdings, Inc | 11,900 | 586,693 | (15.6 ) |
Obayashi Corp. | 212,100 | 2,600,181 | (69.3 ) |
Oji Holdings Corp. | 120,100 | 446,604 | (11.9 ) |
Ono Pharmaceutical Co. Ltd. | 29,200 | 364,713 | (9.7 ) |
Otsuka Corp. | 14,400 | 323,186 | (8.6 ) |
Panasonic Holdings Corp. | 51,700 | 425,493 | (11.4 ) |
Persol Holdings Co. Ltd. | 2,025,400 | 3,401,727 | (90.7 ) |
Shimizu Corp. | 264,200 | 1,750,303 | (46.7 ) |
Sumitomo Corp. | 43,300 | 913,475 | (24.4 ) |
Sumitomo Mitsui Trust Group, Inc. | 99,200 | 2,175,488 | (58.0 ) |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Takashimaya Co. Ltd. | 282,700 | $2,238,295 | (59.7 )% |
Takeda Pharmaceutical Co. Ltd. | 214,800 | 5,993,176 | (159.8 ) |
Tokyo Tatemono Co. Ltd. | 29,300 | 478,463 | (12.8 ) |
Tokyu Fudosan Holdings Corp. | 37,600 | 234,639 | (6.3 ) |
Toyo Tire Corp. | 8,700 | 123,434 | (3.3 ) |
45,824,043 | |||
Macau | |||
Galaxy Entertainment Group Ltd. | 616,000 | 2,741,556 | (73.1 ) |
New Zealand | |||
Xero Ltd. | 31,944 | 3,103,536 | (82.8 ) |
Norway | |||
Aker BP ASA | 39,025 | 835,044 | (22.3 ) |
Equinor ASA | 14,563 | 346,049 | (9.2 ) |
Telenor ASA | 90,150 | 1,107,186 | (29.5 ) |
2,288,279 | |||
Singapore | |||
Genting Singapore Ltd. | 129,100 | 81,308 | (2.2 ) |
STMicroelectronics NV | 33,474 | 909,905 | (24.2 ) |
991,213 | |||
Spain | |||
ACS Actividades de Construccion y Servicios SA | 100,732 | 4,830,646 | (128.8 ) |
United Kingdom | |||
Barratt Redrow PLC | 279,060 | 1,607,829 | (42.9 ) |
Berkeley Group Holdings PLC | 13,693 | 781,389 | (20.8 ) |
Intertek Group PLC | 242,639 | 14,565,993 | (388.4 ) |
J Sainsbury PLC | 2,303,455 | 7,930,323 | (211.5 ) |
Marks & Spencer Group PLC | 349,413 | 1,695,315 | (45.2 ) |
NatWest Group PLC | 411,621 | 1,950,364 | (52.0 ) |
Taylor Wimpey PLC | 34,858 | 65,905 | (1.8 ) |
28,597,118 | |||
United States | |||
Experian PLC | 86,021 | 4,198,324 | (112.0 ) |
Primo Water Corp. | 154,392 | 4,053,989 | (108.1 ) |
8,252,313 | |||
Zambia | |||
First Quantum Minerals Ltd. | 66,270 | 856,248 | (22.8 ) |
Total Reference Entity — Long | 173,304,888 | ||
Reference Entity — Short | |||
Common Stocks | |||
Australia | |||
Rio Tinto PLC | (26,582 ) | (1,717,942 ) | 45.8 |
Belgium | |||
D Ieteren Group | (19,865 ) | (4,300,709 ) | 114.7 |
Lotus Bakeries NV | (135 ) | (1,769,595 ) | 47.2 |
Syensqo SA | (6,285 ) | (487,560 ) | 13.0 |
(6,557,864 ) | |||
Canada | |||
Canadian Western Bank | (10,548 ) | (433,708 ) | 11.6 |
China | |||
Wharf Holdings, Ltd. | (6,000 ) | (17,000 ) | 0.5 |
Denmark | |||
Coloplast A/S, Class B | (27,405 ) | (3,432,492 ) | 91.6 |
Danske Bank A/S | (39,836 ) | (1,177,912 ) | 31.4 |
Security | Shares | Value | % of Basket Value |
Denmark (continued) | |||
NKT A/S, Class B | (12,836 ) | $(1,203,465 ) | 32.1 % |
Novozymes A/S, Class B | (18,452 ) | (1,159,556 ) | 30.9 |
Orsted A/S | (10,326 ) | (607,753 ) | 16.2 |
Rockwool A/S, Class B | (6,574 ) | (2,844,899 ) | 75.9 |
Zealand Pharma A/S | (3,575 ) | (412,707 ) | 11.0 |
(10,838,784 ) | |||
Finland | |||
Kesko OYJ, Class B | (44,197 ) | (949,273 ) | 25.3 |
Neste OYJ | (39,040 ) | (626,826 ) | 16.7 |
(1,576,099 ) | |||
France | |||
Air Liquide SA | (15,702 ) | (2,815,388 ) | 75.1 |
Edenred SE | (8,263 ) | (267,247 ) | 7.1 |
EssilorLuxottica SA | (25,789 ) | (6,049,013 ) | 161.3 |
Sartorius Stedim Biotech | (17,837 ) | (3,578,152 ) | 95.4 |
Thales SA | (318 ) | (51,261 ) | 1.4 |
Vivendi SE | (257,458 ) | (2,751,076 ) | 73.4 |
Worldline SA/France | (32,514 ) | (230,475 ) | 6.1 |
(15,742,612 ) | |||
Germany | |||
Daimler Truck Holding AG | (91,807 ) | (3,796,277 ) | 101.2 |
Mercedes-Benz Group AG | (330,820 ) | (20,097,529 ) | 536.0 |
MTU Aero Engines AG | (2,145 ) | (701,074 ) | 18.7 |
(24,594,880 ) | |||
Hong Kong | |||
MTR Corp. Ltd. | (357,000 ) | (1,298,906 ) | 34.6 |
Techtronic Industries Co. Ltd. | (154,000 ) | (2,227,679 ) | 59.4 |
Wharf Real Estate Investment Co. Ltd. | (47,000 ) | (141,310 ) | 3.8 |
(3,667,895 ) | |||
Italy | |||
Davide Campari-Milano NV | (728,185 ) | (4,888,860 ) | 130.4 |
Nexi SpA | (213,992 ) | (1,352,599 ) | 36.0 |
(6,241,459 ) | |||
Japan | |||
Chugai Pharmaceutical Co. Ltd. | (5,600 ) | (266,456 ) | 7.1 |
Fujikura Ltd. | (1,600 ) | (58,805 ) | 1.6 |
Hoshizaki Corp. | (28,000 ) | (920,310 ) | 24.5 |
Japan Real Estate Investment Corp. | (160 ) | (581,992 ) | 15.5 |
Keisei Electric Railway Co. Ltd. | (9,100 ) | (236,762 ) | 6.3 |
Kikkoman Corp. | (29,400 ) | (344,943 ) | 9.2 |
Kosaido Holdings Co. Ltd. | (33,400 ) | (1,675,647 ) | 44.7 |
Maruwa Co. Ltd. | (300 ) | (82,760 ) | 2.2 |
Nippon Building Fund, Inc. | (1,115 ) | (957,664 ) | 25.5 |
Nippon Sanso Holdings Corp. | (12,200 ) | (423,486 ) | 11.3 |
Nitori Holdings Co. Ltd. | (1,000 ) | (127,355 ) | 3.4 |
Osaka Gas Co. Ltd. | (800 ) | (17,143 ) | 0.5 |
Rakus Co. Ltd. | (35,900 ) | (480,029 ) | 12.8 |
Rohto Pharmaceutical Co. Ltd. | (30,400 ) | (683,616 ) | 18.2 |
Secom Co. Ltd. | (10,400 ) | (369,854 ) | 9.9 |
SG Holdings Co. Ltd. | (56,900 ) | (570,613 ) | 15.2 |
SMC Corp. | (100 ) | (42,455 ) | 1.1 |
SUMCO Corp. | (3,500 ) | (33,465 ) | 0.9 |
Tohoku Electric Power Co., Inc. | (4,000 ) | (39,236 ) | 1.1 |
Security | Shares | Value | % of Basket Value |
Japan (continued) | |||
Tokyo Gas Co. Ltd. | (3,800 ) | $(93,757 ) | 2.5 % |
Trial Holdings, Inc. | (9,900 ) | (184,650 ) | 4.9 |
Visional, Inc. | (4,500 ) | (240,791 ) | 6.4 |
Yokohama Rubber Co. Ltd. | (100 ) | (2,050 ) | 0.1 |
(8,433,839 ) | |||
Netherlands | |||
Adyen NV | (427 ) | (652,310 ) | 17.4 |
Akzo Nobel NV | (55,791 ) | (3,560,216 ) | 94.9 |
IMCD NV | (21,567 ) | (3,428,960 ) | 91.4 |
JDE Peet’s NV | (63,925 ) | (1,443,201 ) | 38.5 |
Koninklijke KPN NV | (51,481 ) | (201,203 ) | 5.4 |
(9,285,890 ) | |||
New Zealand | |||
Mercury NZ Ltd. | (81,309 ) | (320,039 ) | 8.5 |
Norway | |||
Mowi ASA | (69,930 ) | (1,205,590 ) | 32.2 |
Orkla ASA | (87,733 ) | (810,525 ) | 21.6 |
(2,016,115 ) | |||
Portugal | |||
Jeronimo Martins SGPS SA | (356,051 ) | (6,920,952 ) | 184.6 |
Spain | |||
EDP Renovaveis SA | (725,825 ) | (9,837,545 ) | 262.3 |
Sweden | |||
Epiroc AB, Class A | (516,482 ) | (10,087,045 ) | 269.0 |
Epiroc AB, Class B | (154,951 ) | (2,669,344 ) | 71.2 |
Husqvarna AB, Class B | (271,474 ) | (1,753,248 ) | 46.8 |
Lifco AB, Class B | (11,044 ) | (329,530 ) | 8.8 |
Nibe Industrier AB, Class B | (1,455,367 ) | (7,056,408 ) | 188.2 |
Skandinaviska Enskilda Banken AB, Class A | (125,906 ) | (1,778,203 ) | 47.4 |
Volvo AB, Class A | (92,213 ) | (2,419,574 ) | 64.5 |
(26,093,352 ) | |||
United Kingdom | |||
3i Group PLC | (166,810 ) | (6,840,498 ) | 182.4 |
Ashtead Group PLC | (51,444 ) | (3,848,406 ) | 102.6 |
BT Group PLC | (23,248 ) | (41,511 ) | 1.1 |
Diageo PLC | (273,349 ) | (8,441,500 ) | 225.1 |
DS Smith PLC | (1,066,038 ) | (7,494,944 ) | 199.9 |
JD Sports Fashion PLC | (1,660,339 ) | (2,662,331 ) | 71.0 |
LondonMetric Property PLC | (1,864,227 ) | (4,660,000 ) | 124.3 |
RS Group PLC | (175,629 ) | (1,574,569 ) | 42.0 |
Weir Group PLC | (135,039 ) | (3,636,609 ) | 97.0 |
Wise PLC, Class A | (51,664 ) | (471,235 ) | 12.6 |
(39,671,603 ) | |||
United States | |||
Sinch AB | (759,629 ) | (2,268,464 ) | 60.5 |
Stellantis NV | (59,746 ) | (818,659 ) | 21.8 |
(3,087,123 ) | |||
Total Reference Entity — Short | (177,054,701 ) | ||
Net Value of Reference Entity — UBS AG | $(3,749,813 ) |
Description | Swap Premiums Paid | Swap Premiums Received | Unrealized Appreciation | Unrealized Depreciation |
OTC Swaps | $ — | $ — | $ 20,126,347 | $ (28,863,165 ) |
Commodity Contracts | Credit Contracts | Equity Contracts | Foreign Currency Exchange Contracts | Interest Rate Contracts | Other Contracts | Total | |
Assets — Derivative Financial Instruments | |||||||
Futures contracts Unrealized appreciation on futures contracts(a) | $ — | $ — | $ 5,232,616 | $ — | $ 1,326,830 | $ — | $ 6,559,446 |
Forward foreign currency exchange contracts Unrealized appreciation on forward foreign currency exchange contracts | — | — | — | 558,141 | — | — | 558,141 |
Swaps — OTC Unrealized appreciation on OTC swaps; Swap premiums paid | — | — | 20,126,347 | — | — | — | 20,126,347 |
$ — | $ — | $ 25,358,963 | $ 558,141 | $ 1,326,830 | $ — | $ 27,243,934 | |
Liabilities — Derivative Financial Instruments | |||||||
Futures contracts Unrealized depreciation on futures contracts(a) | $ — | $ — | $ 3,384,805 | $ — | $ 1,942,110 | $ — | $ 5,326,915 |
Forward foreign currency exchange contracts Unrealized depreciation on forward foreign currency exchange contracts | — | — | — | 3,217,275 | — | — | 3,217,275 |
Swaps — OTC Unrealized depreciation on OTC swaps; Swap premiums received | — | — | 28,863,165 | — | — | — | 28,863,165 |
$ — | $ — | $ 32,247,970 | $ 3,217,275 | $ 1,942,110 | $ — | $ 37,407,355 |
(a) | Net cumulative unrealized appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss). |
Commodity Contracts | Credit Contracts | Equity Contracts | Foreign Currency Exchange Contracts | Interest Rate Contracts | Other Contracts | Total | |
Net Realized Gain (Loss) from: | |||||||
Futures contracts | $ — | $ — | $ 6,967,445 | $ — | $ (1,078,544 ) | $ — | $ 5,888,901 |
Forward foreign currency exchange contracts | — | — | — | 575,448 | — | — | 575,448 |
Options purchased(a) | — | — | (984,365 ) | — | — | — | (984,365 ) |
Options written | — | — | 233,226 | — | — | — | 233,226 |
Swaps | — | — | 100,355,027 | — | — | — | 100,355,027 |
$ — | $ — | $ 106,571,333 | $ 575,448 | $ (1,078,544 ) | $ — | $ 106,068,237 | |
Net Change in Unrealized Appreciation (Depreciation) on: | |||||||
Futures contracts | $ — | $ — | $ 1,536,333 | $ — | $ (615,280 ) | $ — | $ 921,053 |
Forward foreign currency exchange contracts | — | — | — | (2,659,134 ) | — | — | (2,659,134 ) |
Swaps | — | — | (719,168 ) | — | — | — | (719,168 ) |
$ — | $ — | $ 817,165 | $ (2,659,134 ) | $ (615,280 ) | $ — | $ (2,457,249 ) |
(a) | Options purchased are included in net realized gain (loss) from investments — unaffiliated. |
Futures contracts: | |
Average notional value of contracts — long | $423,180,481 |
Average notional value of contracts — short | $225,535,188 |
Forward foreign currency exchange contracts: | |
Average amounts purchased — in USD | $8,285,015 |
Average amounts sold — in USD | $25,181,423 |
Options: | |
Average value of option contracts purchased | $290,063 |
Average value of option contracts written | $47,250 |
Total return swaps: | |
Average notional value | $44,198,839 |
Assets | Liabilities | |
Derivative Financial Instruments | ||
Futures contracts | $ 3,048,445 | $ 5,136,976 |
Forward foreign currency exchange contracts | 558,141 | 3,217,275 |
Swaps — OTC(a) | 20,126,347 | 28,863,165 |
Total derivative assets and liabilities in the Statements of Assets and Liabilities | 23,732,933 | 37,217,416 |
Derivatives not subject to a Master Netting Agreement or similar agreement (“MNA”) | (3,048,445 ) | (5,136,976 ) |
Total derivative assets and liabilities subject to an MNA | $ 20,684,488 | $ 32,080,440 |
(a) | Includes unrealized appreciation (depreciation) on OTC swaps and swap premiums (paid/received) in the Statements of Assets and Liabilities. |
Counterparty | Derivative Assets Subject to an MNA by Counterparty | Derivatives Available for Offset(a) | Non-Cash Collateral Received(b) | Cash Collateral Received(b) | Net Amount of Derivative Assets(c)(d) |
Bank of America N.A. | $ 4,764,644 | $ (1,871,529 ) | $ — | $ — | $ 2,893,115 |
Barclays Bank PLC | 7,200,224 | (7,200,224 ) | — | — | — |
BNP Paribas SA | 3,879,465 | (553,339 ) | — | — | 3,326,126 |
Goldman Sachs Bank USA | 532,707 | (532,707 ) | — | — | — |
HSBC Bank PLC | 11,163 | (11,163 ) | — | — | — |
Morgan Stanley & Co. International PLC | 184,305 | (184,305 ) | — | — | — |
UBS AG | 4,111,980 | (4,111,980 ) | — | — | — |
$ 20,684,488 | $ (14,465,247 ) | $ — | $ — | $ 6,219,241 |
Counterparty | Derivative Liabilities Subject to an MNA by Counterparty | Derivatives Available for Offset(a) | Non-Cash Collateral Pledged(b) | Cash Collateral Pledged(b) | Net Amount of Derivative Liabilities(c)(e) |
Bank of America N.A. | $ 1,871,529 | $ (1,871,529 ) | $ — | $ — | $ — |
Barclays Bank PLC | 11,889,484 | (7,200,224 ) | — | — | 4,689,260 |
BNP Paribas SA | 553,339 | (553,339 ) | — | — | — |
Goldman Sachs Bank USA | 10,765,063 | (532,707 ) | — | (1,430,000 ) | 8,802,356 |
HSBC Bank PLC | 920,666 | (11,163 ) | — | — | 909,503 |
Morgan Stanley & Co. International PLC | 1,468,014 | (184,305 ) | — | — | 1,283,709 |
UBS AG | 4,612,345 | (4,111,980 ) | — | — | 500,365 |
$ 32,080,440 | $ (14,465,247 ) | $ — | $ (1,430,000 ) | $ 16,185,193 |
(a) | The amount of derivatives available for offset is limited to the amount of derivative assets and/or liabilities that are subject to an MNA. |
(b) | Excess of collateral received/pledged, if any, from the individual counterparty is not shown for financial reporting purposes. |
(c) | Net amount may also include forward foreign currency exchange contracts that are not required to be collateralized. |
(d) | Net amount represents the net amount receivable from the counterparty in the event of default. |
(e) | Net amount represents the net amount payable due to counterparty in the event of default. |
Level 1 | Level 2 | Level 3 | Total | |
Assets | ||||
Investments | ||||
Long-Term Investments | ||||
Common Stocks | ||||
Japan | $ — | $ 1,276,447 | $ — | $ 1,276,447 |
United States | 53,798,983 | — | — | 53,798,983 |
Preferred Securities | ||||
Preferred Stocks | — | — | 2,408,335 | 2,408,335 |
U.S. Treasury Obligations | — | 125,993,762 | — | 125,993,762 |
Short-Term Securities | ||||
Money Market Funds | 5,349,936 | — | — | 5,349,936 |
U.S. Government Sponsored Agency Securities | — | 3,067,031 | — | 3,067,031 |
U.S. Treasury Obligations | — | 2,295,827,681 | — | 2,295,827,681 |
$ 59,148,919 | $ 2,426,164,921 | $ 2,408,335 | $ 2,487,722,175 | |
Derivative Financial Instruments(a) | ||||
Assets | ||||
Equity Contracts | $ 2,190,842 | $ 23,168,121 | $ — | $ 25,358,963 |
Foreign Currency Exchange Contracts | — | 558,141 | — | 558,141 |
Interest Rate Contracts | 1,326,830 | — | — | 1,326,830 |
Liabilities | ||||
Equity Contracts | (3,333,262 ) | (28,914,708 ) | — | (32,247,970 ) |
Foreign Currency Exchange Contracts | — | (3,217,275 ) | — | (3,217,275 ) |
Interest Rate Contracts | (1,942,110 ) | — | — | (1,942,110 ) |
$ (1,757,700 ) | $ (8,405,721 ) | $ — | $ (10,163,421 ) |
(a) | Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
BlackRock Advantage Emerging Markets Fund | BlackRock Global Equity Market Neutral Fund | |
ASSETS | ||
Investments, at value — unaffiliated(a) | $ 90,441,965 | $ 2,482,372,239 |
Investments, at value — affiliated(b) | 4,653,726 | 5,349,936 |
Cash | — | 42,315,490 |
Cash pledged: | ||
Collateral — OTC derivatives | — | 42,006,000 |
Futures contracts | 149,000 | 37,993,000 |
Foreign currency, at value(c) | 853,881 | — |
Receivables: | ||
Investments sold | 2,961,943 | — |
Swaps | — | 399,172,604 |
Capital shares sold | 55 | 7,840,789 |
Dividends — unaffiliated | 133,167 | 74,481 |
Dividends — affiliated | 20,010 | 28,305 |
Interest — unaffiliated | — | 418,893 |
Variation margin on futures contracts | — | 3,048,445 |
Unrealized appreciation on: | ||
Forward foreign currency exchange contracts | — | 558,141 |
OTC swaps | — | 20,126,347 |
Prepaid expenses | 44,471 | 155,777 |
Total assets | 99,258,218 | 3,041,460,447 |
LIABILITIES | ||
Foreign bank overdraft(d) | — | 25,313,206 |
Cash received as collateral for OTC derivatives | — | 16,490,000 |
Payables: | ||
Investments purchased | 3,511,873 | 57,143,760 |
Swaps | — | 385,036,715 |
Accounting services fees | 8,334 | 59,546 |
Administration fees | — | 80,144 |
Capital shares redeemed | 1,469 | 6,059,706 |
Custodian fees | 45,074 | 286,572 |
Deferred foreign capital gain tax | 143,171 | — |
Investment advisory fees | 34,211 | 2,448,167 |
Trustees’ and Officer’s fees | 2,105 | 463 |
Other accrued expenses | 30,483 | 56,849 |
Professional fees | 79,273 | 76,456 |
Service and distribution fees | 1,415 | 44,865 |
Transfer agent fees | 2,707 | 221,984 |
Variation margin on futures contracts | 20,946 | 5,136,976 |
Unrealized depreciation on: | ||
Forward foreign currency exchange contracts | — | 3,217,275 |
OTC swaps | — | 28,863,165 |
Total liabilities | 3,881,061 | 530,535,849 |
Commitments and contingent liabilities | ||
NET ASSETS | $ 95,377,157 | $ 2,510,924,598 |
NET ASSETS CONSIST OF | ||
Paid-in capital | $ 125,384,817 | $ 2,356,773,216 |
Accumulated earnings (loss) | (30,007,660) | 154,151,382 |
NET ASSETS | $ 95,377,157 | $ 2,510,924,598 |
(a) Investments, at cost—unaffiliated | $79,960,816 | $2,469,100,627 |
(b) Investments, at cost—affiliated | $4,653,726 | $5,349,936 |
(c) Foreign currency, at cost | $852,293 | $— |
(d) Foreign bank overdraft, at cost | $— | $25,376,480 |
BlackRock Advantage Emerging Markets Fund | BlackRock Global Equity Market Neutral Fund | |
NET ASSET VALUE | ||
Institutional | ||
Net assets | $ 5,257,418 | $ 2,088,688,175 |
Shares outstanding | 500,113 | 148,948,651 |
Net asset value | $ 10.51 | $ 14.02 |
Shares authorized | Unlimited | Unlimited |
Par value | $0.001 | $0.001 |
Investor A | ||
Net assets | $ 4,156,817 | $ 174,057,164 |
Shares outstanding | 403,700 | 12,668,474 |
Net asset value | $ 10.30 | $ 13.74 |
Shares authorized | Unlimited | Unlimited |
Par value | $0.001 | $0.001 |
Investor C | ||
Net assets | $ 587,335 | $ 10,924,790 |
Shares outstanding | 60,377 | 862,493 |
Net asset value | $ 9.73 | $ 12.67 |
Shares authorized | Unlimited | Unlimited |
Par value | $0.001 | $0.001 |
Class K | ||
Net assets | $ 85,375,587 | $ 237,254,469 |
Shares outstanding | 8,119,927 | 16,859,442 |
Net asset value | $ 10.51 | $ 14.07 |
Shares authorized | Unlimited | Unlimited |
Par value | $0.001 | $0.001 |
BlackRock Advantage Emerging Markets Fund | BlackRock Global Equity Market Neutral Fund | |
INVESTMENT INCOME | ||
Dividends — unaffiliated | $1,765,949 | $450,777 |
Dividends — affiliated | 113,989 | 201,224 |
Interest — unaffiliated | 3,797 | 53,780,405 |
Securities lending income — affiliated — net | 350 | — |
Foreign taxes withheld | (207,751 ) | — |
Total investment income | 1,676,334 | 54,432,406 |
EXPENSES | ||
Investment advisory | 377,811 | 13,302,742 |
Custodian | 64,264 | 289,347 |
Professional | 51,711 | 48,182 |
Registration | 31,931 | 243,288 |
Administration | 20,071 | 428,049 |
Printing and postage | 16,173 | 25,361 |
Accounting services | 13,157 | 124,906 |
Administration — class specific | 9,445 | 219,489 |
Transfer agent — class specific | 8,516 | 963,716 |
Service and distribution — class specific | 8,259 | 256,940 |
Trustees and Officer | 3,557 | 10,212 |
Miscellaneous | 10,150 | 51,779 |
Total expenses excluding interest expense | 615,045 | 15,964,011 |
Interest expense — unaffiliated | — | 69,166 |
Total expenses | 615,045 | 16,033,177 |
Less: | ||
Administration fees waived | (20,071 ) | — |
Administration fees waived by the Manager — class specific | (9,445 ) | (219,425 ) |
Fees waived and/or reimbursed by the Manager | (187,845 ) | (361,735 ) |
Transfer agent fees waived and/or reimbursed by the Manager — class specific | (5,219 ) | (471,777 ) |
Total expenses after fees waived and/or reimbursed | 392,465 | 14,980,240 |
Net investment income | 1,283,869 | 39,452,166 |
REALIZED AND UNREALIZED GAIN (LOSS) | ||
Net realized gain (loss) from: | ||
Investments — unaffiliated(a) | (7,718 ) | 3,445,494 |
Investments — affiliated | 1 | — |
Forward foreign currency exchange contracts | — | 575,448 |
Foreign currency transactions | (95,381 ) | (1,289,102 ) |
Futures contracts | 241,882 | 5,888,901 |
Options written | — | 233,226 |
Swaps | — | 100,355,027 |
138,784 | 109,208,994 | |
Net change in unrealized appreciation (depreciation) on: | ||
Investments — unaffiliated(b) | 4,778,686 | 2,650,202 |
Forward foreign currency exchange contracts | — | (2,659,134 ) |
Foreign currency translations | (495 ) | 32,588 |
Futures contracts | 45,285 | 921,053 |
Swaps | — | (719,168 ) |
4,823,476 | 225,541 | |
Net realized and unrealized gain | 4,962,260 | 109,434,535 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $6,246,129 | $148,886,701 |
(a) Net of foreign capital gain tax and capital gain tax refund, if applicable of | $(238,723 ) | $— |
(b) Net of reduction in deferred foreign capital gain tax of | $85,011 | $— |
BlackRock Advantage Emerging Markets Fund | BlackRock Global Equity Market Neutral Fund | |||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | |
INCREASE (DECREASE) IN NET ASSETS | ||||
OPERATIONS | ||||
Net investment income | $1,283,869 | $1,818,943 | $39,452,166 | $38,470,485 |
Net realized gain | 138,784 | 343,558 | 109,208,994 | 198,304,324 |
Net change in unrealized appreciation (depreciation) | 4,823,476 | 5,076,966 | 225,541 | 1,535,786 |
Net increase in net assets resulting from operations | 6,246,129 | 7,239,467 | 148,886,701 | 238,310,595 |
DISTRIBUTIONS TO SHAREHOLDERS(a) | ||||
Institutional | (40,768 ) | (111,738 ) | (119,016,889 ) | (62,401,555 ) |
Investor A | (27,725 ) | (74,639 ) | (11,362,684 ) | (1,876,567 ) |
Investor C | (2,675 ) | (7,037 ) | (715,981 ) | (566,373 ) |
Class K | (616,191 ) | (1,535,767 ) | (15,493,046 ) | (12,296,861 ) |
Decrease in net assets resulting from distributions to shareholders | (687,359 ) | (1,729,181 ) | (146,588,600 ) | (77,141,356 ) |
CAPITAL SHARE TRANSACTIONS | ||||
Net increase (decrease) in net assets derived from capital share transactions | (1,406,526 ) | 1,078,587 | 661,658,336 | 969,630,326 |
NET ASSETS | ||||
Total increase in net assets | 4,152,244 | 6,588,873 | 663,956,437 | 1,130,799,565 |
Beginning of period | 91,224,913 | 84,636,040 | 1,846,968,161 | 716,168,596 |
End of period | $95,377,157 | $91,224,913 | $2,510,924,598 | $1,846,968,161 |
(a) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
BlackRock Advantage Emerging Markets Fund | |||||||
Institutional | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $9.90 | $9.29 | $10.11 | $13.24 | $8.85 | $10.25 | $10.59 |
Net investment income(a) | 0.14 | 0.20 | 0.28 | 0.20 | 0.15 | 0.10 | 0.18 |
Net realized and unrealized gain (loss) | 0.55 | 0.60 | (0.75 ) | (3.17 ) | 4.43 | (1.27 ) | (0.52 ) |
Net increase (decrease) from investment operations | 0.69 | 0.80 | (0.47 ) | (2.97 ) | 4.58 | (1.17 ) | (0.34 ) |
Distributions from net investment income(b) | (0.08 ) | (0.19 ) | (0.35 ) | (0.16 ) | (0.19 ) | (0.23 ) | — |
Net asset value, end of period | $10.51 | $9.90 | $9.29 | $10.11 | $13.24 | $8.85 | $10.25 |
Total Return(c) | |||||||
Based on net asset value | 6.95 %(d) | 8.76 % | (4.57 )% | (22.62 )% | 52.00 % | (11.78 )%(d) | (3.21 )%(e) |
Ratios to Average Net Assets(f) | |||||||
Total expenses | 1.37 %(g) | 1.43 % | 1.48 % | 1.19 % | 1.40 % | 1.38 %(g)(h) | 1.42 %(i)(j) |
Total expenses after fees waived and/or reimbursed | 0.85 %(g) | 0.85 % | 0.85 % | 0.85 % | 0.85 % | 0.81 %(g) | 0.92 %(i) |
Net investment income | 2.74 %(g) | 2.14 % | 3.00 % | 1.62 % | 1.29 % | 1.38 %(g) | 1.83 % |
Supplemental Data | |||||||
Net assets, end of period (000) | $5,257 | $5,598 | $6,362 | $9,583 | $17,216 | $9,689 | $15,904 |
Portfolio turnover rate | 92 % | 162 % | 159 % | 183 % | 180 %(k) | 141 %(k) | 128 %(k) |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Where applicable, assumes the reinvestment of distributions. |
(d) | Not annualized. |
(e) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(f) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(g) | Annualized. |
(h) | Audit, printing and tax costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, total expenses would have been 1.42%. |
(i) | Includes non-recurring expenses of offering costs. Without these costs, total expenses and total expenses after fees waived and/or reimbursed would have been 1.40% and 0.90%, respectively. |
(j) | Includes recoupment of past waived and/or reimbursed fees. Excluding the recoupment of past waived and/or reimbursed fees for the year ended July 31, 2019, the expenses ratio would have been 1.39%. |
(k) | Excludes underlying investments in total return swaps. |
BlackRock Advantage Emerging Markets Fund (continued) | |||||||
Investor A | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $9.70 | $9.11 | $9.93 | $13.00 | $8.69 | $10.07 | $10.43 |
Net investment income(a) | 0.12 | 0.17 | 0.23 | 0.15 | 0.11 | 0.07 | 0.17 |
Net realized and unrealized gain (loss) | 0.55 | 0.58 | (0.72 ) | (3.09 ) | 4.36 | (1.25 ) | (0.53 ) |
Net increase (decrease) from investment operations | 0.67 | 0.75 | (0.49 ) | (2.94 ) | 4.47 | (1.18 ) | (0.36 ) |
Distributions from net investment income(b) | (0.07 ) | (0.16 ) | (0.33 ) | (0.13 ) | (0.16 ) | (0.20 ) | — |
Net asset value, end of period | $10.30 | $9.70 | $9.11 | $9.93 | $13.00 | $8.69 | $10.07 |
Total Return(c) | |||||||
Based on net asset value | 6.88 %(d) | 8.38 % | (4.84 )% | (22.83 )% | 51.62 % | (12.05 )%(d) | (3.45 )%(e) |
Ratios to Average Net Assets(f) | |||||||
Total expenses | 1.72 %(g) | 1.77 % | 1.87 % | 1.52 % | 1.74 % | 1.70 %(g)(h) | 1.69 %(i)(j) |
Total expenses after fees waived and/or reimbursed | 1.15 %(g) | 1.15 % | 1.15 % | 1.15 % | 1.14 % | 1.12 %(g) | 1.17 %(i) |
Net investment income | 2.43 %(g) | 1.81 % | 2.54 % | 1.29 % | 0.98 % | 1.02 %(g) | 1.74 % |
Supplemental Data | |||||||
Net assets, end of period (000) | $4,157 | $4,256 | $4,428 | $5,246 | $7,125 | $5,224 | $3,817 |
Portfolio turnover rate | 92 % | 162 % | 159 % | 183 % | 180 %(k) | 141 %(k) | 128 %(k) |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. |
(d) | Not annualized. |
(e) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(f) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(g) | Annualized. |
(h) | Audit, printing and tax costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, total expenses would have been 1.74%. |
(i) | Includes non-recurring expenses of offering costs. Without these costs, total expenses and total expenses after fees waived and/or reimbursed would have been 1.67% and 1.15%, respectively. |
(j) | Includes recoupment of past waived and/or reimbursed fees. Excluding the recoupment of past waived and/or reimbursed fees for the year ended July 31, 2019, the expenses ratio would have been 1.67%. |
(k) | Excludes underlying investments in total return swaps. |
BlackRock Advantage Emerging Markets Fund (continued) | |||||||
Investor C | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $9.18 | $8.65 | $9.46 | $12.36 | $8.29 | $9.53 | $9.95 |
Net investment income(a) | 0.08 | 0.09 | 0.15 | 0.07 | 0.04 | 0.02 | 0.08 |
Net realized and unrealized gain (loss) | 0.51 | 0.55 | (0.68 ) | (2.96 ) | 4.14 | (1.21 ) | (0.50 ) |
Net increase (decrease) from investment operations | 0.59 | 0.64 | (0.53 ) | (2.89 ) | 4.18 | (1.19 ) | (0.42 ) |
Distributions from net investment income(b) | (0.04 ) | (0.11 ) | (0.28 ) | (0.01 ) | (0.11 ) | (0.05 ) | — |
Net asset value, end of period | $9.73 | $9.18 | $8.65 | $9.46 | $12.36 | $8.29 | $9.53 |
Total Return(c) | |||||||
Based on net asset value | 6.48 %(d) | 7.53 % | (5.51 )% | (23.40 )% | 50.49 % | (12.57 )%(d) | (4.22 )%(e) |
Ratios to Average Net Assets(f) | |||||||
Total expenses | 2.49 %(g) | 2.58 % | 2.75 % | 2.43 % | 2.56 % | 2.53 %(g)(h) | 2.53 %(i) |
Total expenses after fees waived and/or reimbursed | 1.90 %(g) | 1.90 % | 1.90 % | 1.90 % | 1.90 % | 1.90 %(g) | 1.92 %(i) |
Net investment income | 1.65 %(g) | 1.05 % | 1.72 % | 0.61 % | 0.43 % | 0.26 %(g) | 0.81 % |
Supplemental Data | |||||||
Net assets, end of period (000) | $587 | $562 | $430 | $282 | $550 | $1,164 | $2,280 |
Portfolio turnover rate | 92 % | 162 % | 159 % | 183 % | 180 %(j) | 141 %(j) | 128 %(j) |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. |
(d) | Not annualized. |
(e) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(f) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(g) | Annualized. |
(h) | Audit, printing and tax costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, total expenses would have been 2.57%. |
(i) | Includes non-recurring expenses of offering costs. Without these costs, total expenses and total expenses after fees waived and/or reimbursed would have been 2.51% and 1.90%, respectively. |
(j) | Excludes underlying investments in total return swaps. |
BlackRock Advantage Emerging Markets Fund (continued) | |||||||
Class K | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $9.90 | $9.29 | $10.11 | $13.24 | $8.84 | $10.26 | $10.59 |
Net investment income(a) | 0.14 | 0.20 | 0.29 | 0.20 | 0.16 | 0.10 | 0.19 |
Net realized and unrealized gain (loss) | 0.55 | 0.60 | (0.76 ) | (3.16 ) | 4.43 | (1.28 ) | (0.52 ) |
Net increase (decrease) from investment operations | 0.69 | 0.80 | (0.47 ) | (2.96 ) | 4.59 | (1.18 ) | (0.33 ) |
Distributions from net investment income(b) | (0.08 ) | (0.19 ) | (0.35 ) | (0.17 ) | (0.19 ) | (0.24 ) | — |
Net asset value, end of period | $10.51 | $9.90 | $9.29 | $10.11 | $13.24 | $8.84 | $10.26 |
Total Return(c) | |||||||
Based on net asset value | 6.96 %(d) | 8.80 % | (4.53 )% | (22.59 )% | 52.19 % | (11.87 )%(d) | (3.12 )%(e) |
Ratios to Average Net Assets(f) | |||||||
Total expenses | 1.27 %(g) | 1.34 % | 1.38 % | 1.13 % | 1.36 % | 1.41 %(g)(h) | 1.37 %(i) |
Total expenses after fees waived and/or reimbursed | 0.81 %(g) | 0.81 % | 0.81 % | 0.81 % | 0.81 % | 0.81 %(g) | 0.87 %(i) |
Net investment income | 2.74 %(g) | 2.13 % | 3.07 % | 1.63 % | 1.36 % | 1.33 %(g) | 1.93 % |
Supplemental Data | |||||||
Net assets, end of period (000) | $85,376 | $80,809 | $73,416 | $126,023 | $150,108 | $85,164 | $80,529 |
Portfolio turnover rate | 92 % | 162 % | 159 % | 183 % | 180 %(j) | 141 %(j) | 128 %(j) |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Where applicable, assumes the reinvestment of distributions. |
(d) | Not annualized. |
(e) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(f) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(g) | Annualized. |
(h) | Audit, printing and tax costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the total expenses would have been 1.45%. |
(i) | Includes non-recurring expenses of offering costs. Without these costs, total expenses and total expenses after fees waived and/or reimbursed would have been 1.34%and 0.84%, respectively. |
(j) | Excludes underlying investments in total return swaps. |
BlackRock Global Equity Market Neutral Fund | |||||||
Institutional | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $14.02 | $12.19 | $11.49 | $11.98 | $11.42 | $12.67 | $12.17 |
Net investment income (loss)(a) | 0.25 | 0.47 | 0.14 | (0.15 ) | (0.17 ) | (0.01 ) | 0.05 |
Net realized and unrealized gain (loss) | 0.74 | 2.30 | 0.56 | (0.20 ) | 0.76 | (0.46 ) | 0.57 |
Net increase (decrease) from investment operations | 0.99 | 2.77 | 0.70 | (0.35 ) | 0.59 | (0.47 ) | 0.62 |
Distributions(b) | |||||||
From net investment income | (0.99 ) | (0.94 ) | — | — | — | (0.04 ) | — |
From net realized gain | — | — | — | (0.14 ) | (0.03 ) | (0.74 ) | (0.12 ) |
Total distributions | (0.99 ) | (0.94 ) | — | (0.14 ) | (0.03 ) | (0.78 ) | (0.12 ) |
Net asset value, end of period | $14.02 | $14.02 | $12.19 | $11.49 | $11.98 | $11.42 | $12.67 |
Total Return(c) | |||||||
Based on net asset value | 7.24 %(d) | 23.64 % | 6.09 % | (2.94 )%(e) | 5.21 %(f) | (3.80 )%(d) | 5.09 % |
Ratios to Average Net Assets(g) | |||||||
Total expenses | 1.45 %(h) | 1.54 % | 1.57 % | 1.58 % | 1.82 % | 1.80 %(h) | 1.76 % |
Total expenses after fees waived and/or reimbursed | 1.34 %(h) | 1.34 % | 1.34 % | 1.36 % | 1.57 % | 1.57 %(h) | 1.63 % |
Net investment income (loss) | 3.56 %(h) | 3.61 % | 1.24 % | (1.29 )% | (1.49 )% | (0.09 )%(h) | 0.36 % |
Supplemental Data | |||||||
Net assets, end of period (000) | $2,088,688 | $1,502,122 | $565,027 | $565,502 | $459,420 | $492,021 | $546,561 |
Portfolio turnover rate(i) | 35 % | 27 % | 79 % | 31 % | 43 % | 53 % | 7 % |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Where applicable, assumes the reinvestment of distributions. |
(d) | Not annualized. |
(e) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(f) | Includes payments from an affiliate, which impacted the Fund’s total return. Excluding the payments, the Fund’s total return would have been 5.12%. |
(g) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(h) | Annualized. |
(i) | Excludes underlying investments in total return swaps. |
BlackRock Global Equity Market Neutral Fund (continued) | |||||||
Investor A | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $13.77 | $11.96 | $11.30 | $11.82 | $11.27 | $12.50 | $12.03 |
Net investment income (loss)(a) | 0.24 | 0.27 | 0.11 | (0.18 ) | (0.20 ) | (0.02 ) | 0.01 |
Net realized and unrealized gain (loss) | 0.71 | 2.43 | 0.55 | (0.20 ) | 0.75 | (0.46 ) | 0.56 |
Net increase (decrease) from investment operations | 0.95 | 2.70 | 0.66 | (0.38 ) | 0.55 | (0.48 ) | 0.57 |
Distributions(b) | |||||||
From net investment income | (0.98 ) | (0.89 ) | — | — | — | (0.01 ) | — |
From net realized gain | — | — | — | (0.14 ) | (0.00 )(c) | (0.74 ) | (0.10 ) |
Total distributions | (0.98 ) | (0.89 ) | — | (0.14 ) | (0.00 ) | (0.75 ) | (0.10 ) |
Net asset value, end of period | $13.74 | $13.77 | $11.96 | $11.30 | $11.82 | $11.27 | $12.50 |
Total Return(d) | |||||||
Based on net asset value | 7.13 %(e) | 23.42 % | 5.84 % | (3.23 )%(f) | 4.92 %(g) | (3.94 )%(e) | 4.79 % |
Ratios to Average Net Assets(h) | |||||||
Total expenses | 1.73 %(i) | 1.79 % | 1.83 % | 1.86 % | 2.07 % | 2.07 %(i) | 2.04 % |
Total expenses after fees waived and/or reimbursed | 1.59 %(i) | 1.59 % | 1.59 % | 1.61 % | 1.82 % | 1.82 %(i) | 1.88 % |
Net investment income (loss) | 3.42 %(i) | 2.09 % | 1.00 % | (1.54 )% | (1.75 )% | (0.28 )%(i) | 0.12 % |
Supplemental Data | |||||||
Net assets, end of period (000) | $174,057 | $118,392 | $22,462 | $25,229 | $23,390 | $23,509 | $49,514 |
Portfolio turnover rate(j) | 35 % | 27 % | 79 % | 31 % | 43 % | 53 % | 7 % |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Amount is greater than $(0.005) per share. |
(d) | Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. |
(e) | Not annualized. |
(f) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(g) | Includes payments received from an affiliate, which impacted the Fund’s total return. Excluding the payments, the Fund’s total return would have been 4.83%. |
(h) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(i) | Annualized. |
(j) | Excludes underlying investments in total return swaps. |
BlackRock Global Equity Market Neutral Fund (continued) | |||||||
Investor C | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $12.77 | $11.18 | $10.64 | $11.22 | $10.77 | $11.99 | $11.59 |
Net investment income (loss)(a) | 0.19 | 0.34 | 0.03 | (0.25 ) | (0.27 ) | (0.09 ) | (0.08 ) |
Net realized and unrealized gain (loss) | 0.66 | 2.07 | 0.51 | (0.19 ) | 0.72 | (0.44 ) | 0.54 |
Net increase (decrease) from investment operations | 0.85 | 2.41 | 0.54 | (0.44 ) | 0.45 | (0.53 ) | 0.46 |
Distributions(b) | |||||||
From net investment income | (0.95 ) | (0.82 ) | — | — | — | — | — |
From net realized gain | — | — | — | (0.14 ) | — | (0.69 ) | (0.06 ) |
Total distributions | (0.95 ) | (0.82 ) | — | (0.14 ) | — | (0.69 ) | (0.06 ) |
Net asset value, end of period | $12.67 | $12.77 | $11.18 | $10.64 | $11.22 | $10.77 | $11.99 |
Total Return(c) | |||||||
Based on net asset value | 6.81 %(d) | 22.35 % | 5.08 % | (3.95 )%(e) | 4.18 %(f) | (4.51 )%(d) | 4.02 % |
Ratios to Average Net Assets(g) | |||||||
Total expenses | 2.40 %(h) | 2.51 % | 2.63 % | 2.64 % | 2.86 % | 2.83 %(h) | 2.79 % |
Total expenses after fees waived and/or reimbursed | 2.34 %(h) | 2.34 % | 2.34 % | 2.36 % | 2.57 % | 2.57 %(h) | 2.63 % |
Net investment income (loss) | 2.95 %(h) | 2.88 % | 0.25 % | (2.30 )% | (2.44 )% | (1.04 )%(h) | (0.64 )% |
Supplemental Data | |||||||
Net assets, end of period (000) | $10,925 | $9,786 | $5,281 | $4,386 | $6,817 | $11,539 | $17,282 |
Portfolio turnover rate(i) | 35 % | 27 % | 79 % | 31 % | 43 % | 53 % | 7 % |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions. |
(d) | Not annualized. |
(e) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(f) | Includes payments received from an affiliate, which impacted the Fund’s total return. Excluding the payments, the Fund’s total return would have been 4.09%. |
(g) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(h) | Annualized. |
(i) | Excludes underlying investments in total return swaps. |
BlackRock Global Equity Market Neutral Fund (continued) | |||||||
Class K | |||||||
Six Months Ended 10/31/24 (unaudited) | Year Ended 04/30/24 | Year Ended 04/30/23 | Year Ended 04/30/22 | Year Ended 04/30/21 | Period from 08/01/19 to 04/30/20 | Year Ended 07/31/19 | |
Net asset value, beginning of period | $14.06 | $12.23 | $11.52 | $12.00 | $11.44 | $12.69 | $12.19 |
Net investment income (loss)(a) | 0.29 | 0.50 | 0.19 | (0.14 ) | (0.25 ) | (0.01 ) | 0.06 |
Net realized and unrealized gain (loss) | 0.71 | 2.28 | 0.52 | (0.20 ) | 0.85 | (0.46 ) | 0.56 |
Net increase (decrease) from investment operations | 1.00 | 2.78 | 0.71 | (0.34 ) | 0.60 | (0.47 ) | 0.62 |
Distributions(b) | |||||||
From net investment income | (0.99 ) | (0.95 ) | — | — | — | (0.04 ) | — |
From net realized gain | — | — | — | (0.14 ) | (0.04 ) | (0.74 ) | (0.12 ) |
Total distributions | (0.99 ) | (0.95 ) | — | (0.14 ) | (0.04 ) | (0.78 ) | (0.12 ) |
Net asset value, end of period | $14.07 | $14.06 | $12.23 | $11.52 | $12.00 | $11.44 | $12.69 |
Total Return(c) | |||||||
Based on net asset value | 7.30 %(d) | 23.66 % | 6.16 % | (2.85 )%(e) | 5.24 %(e) | (3.77 )%(d) | 5.11 % |
Ratios to Average Net Assets(f) | |||||||
Total expenses | 1.35 %(g) | 1.44 % | 1.48 % | 1.51 % | 1.77 % | 1.76 %(g) | 1.72 % |
Total expenses after fees waived and/or reimbursed | 1.29 %(g) | 1.29 % | 1.29 % | 1.31 % | 1.52 % | 1.52 %(g) | 1.57 % |
Net investment income (loss) | 4.02 %(g) | 3.89 % | 1.59 % | (1.24 )% | (2.07 )% | (0.07 )%(g) | 0.45 % |
Supplemental Data | |||||||
Net assets, end of period (000) | $237,254 | $216,669 | $123,399 | $7,080 | $5,151 | $325 | $453 |
Portfolio turnover rate(h) | 35 % | 27 % | 79 % | 31 % | 43 % | 53 % | 7 % |
(a) | Based on average shares outstanding. |
(b) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(c) | Where applicable, assumes the reinvestment of distributions. |
(d) | Not annualized. |
(e) | Includes payment from an affiliate, which had no impact on the Fund’s total return. |
(f) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
(g) | Annualized. |
(h) | Excludes underlying investments in total return swaps. |
Fund Name | Herein Referred To As | Diversification Classification |
BlackRock Advantage Emerging Markets Fund | Advantage Emerging Markets | Diversified |
BlackRock Global Equity Market Neutral Fund | Global Equity Market Neutral | Diversified |
Share Class | Initial Sales Charge | CDSC | Conversion Privilege |
Institutional and Class K Shares | No | No | None |
Investor A Shares | Yes | No(a) | None |
Investor C Shares | No | Yes(b) | To Investor A Shares after approximately 8 years |
(a) | Investor A Shares may be subject to a contingent deferred sales charge (“CDSC”) for certain redemptions where no initial sales charge was paid at the time of purchase. |
(b) | A CDSC of 1.00% is assessed on certain redemptions of Investor C Shares made within one year after purchase. |
Investment Advisory Fees | ||
Average Daily Net Assets | Advantage Emerging Markets | Global Equity Market Neutral |
First $1 billion | 0.80 % | 1.25 % |
$1 billion — $3 billion | 0.75 | 1.18 |
$3 billion — $5 billion | 0.72 | 1.13 |
$5 billion — $10 billion | 0.70 | 1.09 |
Greater than $10 billion | 0.68 | 1.06 |
Share Class | Service Fees | Distribution Fees |
Investor A | 0.25 % | N/A |
Investor C | 0.25 | 0.75 % |
Fund Name | Investor A | Investor C | Total |
Advantage Emerging Markets | $ 5,338 | $ 2,921 | $ 8,259 |
Global Equity Market Neutral | 204,919 | 52,021 | 256,940 |
Average Daily Net Assets | Administration Fees |
First $500 million | 0.0425 % |
$500 million — $1 billion | 0.0400 |
$1 billion — $2 billion | 0.0375 |
$2 billion — $4 billion | 0.0350 |
$4 billion — $13 billion | 0.0325 |
Greater than $13 billion | 0.0300 |
Fund Name | Institutional | Investor A | Investor C | Class K | Total |
Advantage Emerging Markets | $ 556 | $ 427 | $ 58 | $ 8,404 | $ 9,445 |
Global Equity Market Neutral | 179,367 | 16,394 | 1,040 | 22,688 | 219,489 |
Fund Name | Institutional | Investor A | Investor C | Class K | Total |
Advantage Emerging Markets | $ 92 | $ 334 | $ 52 | $ 126 | $ 604 |
Global Equity Market Neutral | 1,186 | 334 | 150 | 191 | 1,861 |
Fund Name | Institutional | Investor A | Investor C | Class K | Total |
Advantage Emerging Markets | $ 2,752 | $ 4,235 | $ 653 | $ 876 | $ 8,516 |
Global Equity Market Neutral | 856,348 | 103,141 | 2,769 | 1,458 | 963,716 |
Fund Name | Investor A |
Advantage Emerging Markets | $ 140 |
Global Equity Market Neutral | 7,756 |
Fund Name | Investor C |
Advantage Emerging Markets | $ 200 |
Global Equity Market Neutral | 8,286 |
Fund Name | Fees Waived and/or Reimbursed by the Manager |
Advantage Emerging Markets | $ 1,683 |
Global Equity Market Neutral | 2,974 |
Fund Name/Share Class | Expense Limitation |
Advantage Emerging Markets | |
Institutional | 0.05 % |
Investor A | 0.10 |
Investor C | 0.10 |
Class K | 0.01 |
Fund Name/Share Class | Expense Limitation |
Global Equity Market Neutral | |
Institutional | 1.34 % |
Investor A | 1.59 |
Investor C | 2.34 |
Class K | 1.29 |
Fund Name | Fees Waived and/or Reimbursed by the Manager |
Advantage Emerging Markets | $ 186,162 |
Global Equity Market Neutral | 358,761 |
Fund Name | Administration Fees Waived |
Advantage Emerging Markets | $ 20,071 |
Administration Fees Waived by the Manager- Class Specific | |||||
Fund Name | Institutional | Investor A | Investor C | Class K | Total |
Advantage Emerging Markets | $ 556 | $ 427 | $ 58 | $ 8,404 | $ 9,445 |
Global Equity Market Neutral | 179,367 | 16,394 | 976 | 22,688 | 219,425 |
Transfer Agent Fees Waived and/or Reimbursed by the Manager - Class Specific | |||||
Fund Name | Institutional | Investor A | Investor C | Class K | Total |
Advantage Emerging Markets | $ 1,640 | $ 2,313 | $ 391 | $ 875 | $ 5,219 |
Global Equity Market Neutral | 407,930 | 62,157 | 232 | 1,458 | 471,777 |
Fund Name | Amounts |
Advantage Emerging Markets | $ 76 |
Fund Name | Purchases | Sales | Net Realized Gain (Loss) |
Advantage Emerging Markets | $ 2,595,372 | $ 1,724,427 | $ (162,706 ) |
U.S. Government Securities | Other Securities | |||
Fund Name | Purchases | Sales | Purchases | Sales |
Advantage Emerging Markets | $ — | $ — | $ 81,354,739 | $ 82,443,010 |
Global Equity Market Neutral | 88,568,265 | 34,540,000 | 13,020,045 | 32,462,557 |
Fund Name | Non-Expiring Capital Loss Carryforwards |
Advantage Emerging Markets | $ (38,631,532 ) |
Global Equity Market Neutral | (6,454,537 ) |
Fund Name | Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
Advantage Emerging Markets | $ 87,762,595 | $ 15,511,999 | $ (8,192,444 ) | $ 7,319,555 |
Global Equity Market Neutral | 2,474,451,333 | 332,683,201 | (329,575,780 ) | 3,107,421 |
Six Months Ended 10/31/24 | Year Ended 04/30/24 | |||
Fund Name / Share Class | Shares | Amounts | Shares | Amounts |
Advantage Emerging Markets | ||||
Institutional | ||||
Shares sold | 8,191 | $ 84,836 | 160,440 | $ 1,504,678 |
Shares issued in reinvestment of distributions | 3,958 | 40,640 | 11,924 | 111,037 |
Shares redeemed | (77,604) | (798,414) | (291,314) | (2,727,003) |
(65,455) | $ (672,938) | (118,950) | $ (1,111,288) | |
Investor A | ||||
Shares sold and automatic conversion of shares | 30,804 | $ 324,298 | 16,326 | $ 150,304 |
Shares issued in reinvestment of distributions | 2,729 | 27,483 | 8,086 | 73,733 |
Shares redeemed | (68,537) | (706,194) | (71,668) | (664,639) |
(35,004) | $ (354,413) | (47,256) | $ (440,602) | |
Investor C | ||||
Shares sold | 4,645 | $ 45,453 | 15,335 | $ 130,898 |
Shares issued in reinvestment of distributions | 281 | 2,675 | 812 | 7,037 |
Shares redeemed and automatic conversion of shares | (5,714) | (55,691) | (4,683) | (41,770) |
(788) | $ (7,563) | 11,464 | $ 96,165 | |
Class K | ||||
Shares sold | 217,452 | $ 2,311,524 | 357,504 | $ 3,394,062 |
Shares issued in reinvestment of distributions | 59,999 | 616,191 | 165,239 | 1,535,767 |
Shares redeemed | (320,475) | (3,299,327) | (258,564) | (2,395,517) |
(43,024) | $ (371,612) | 264,179 | $ 2,534,312 | |
(144,271) | $ (1,406,526) | 109,437 | $ 1,078,587 |
Six Months Ended 10/31/24 | Year Ended 04/30/24 | |||
Fund Name / Share Class | Shares | Amounts | Shares | Amounts |
Global Equity Market Neutral | ||||
Institutional | ||||
Shares sold | 54,135,767 | $ 758,054,029 | 89,868,197 | $ 1,183,723,613 |
Shares issued in reinvestment of distributions | 7,312,660 | 99,671,561 | 3,860,172 | 48,746,374 |
Shares redeemed | (19,667,663) | (273,545,051) | (32,923,949) | (426,006,298) |
41,780,764 | $ 584,180,539 | 60,804,420 | $ 806,463,689 | |
Investor A | ||||
Shares sold and automatic conversion of shares | 4,001,652 | $ 55,340,406 | 7,889,248 | $ 106,689,999 |
Shares issued in reinvestment of distributions | 841,903 | 11,256,240 | 144,097 | 1,788,531 |
Shares redeemed | (775,614) | (10,640,245) | (1,310,381) | (16,438,705) |
4,067,941 | $ 55,956,401 | 6,722,964 | $ 92,039,825 | |
Investor C | ||||
Shares sold | 180,872 | $ 2,271,552 | 414,956 | $ 4,778,122 |
Shares issued in reinvestment of distributions | 57,974 | 715,981 | 48,999 | 566,373 |
Shares redeemed and automatic conversion of shares | (142,377) | (1,794,444) | (170,331) | (1,981,485) |
96,469 | $ 1,193,089 | 293,624 | $ 3,363,010 | |
Class K | ||||
Shares sold | 1,977,548 | $ 27,826,386 | 7,156,848 | $ 91,515,973 |
Shares issued in reinvestment of distributions | 258,598 | 3,537,617 | 183,985 | 2,331,425 |
Shares redeemed | (786,105) | (11,035,696) | (2,023,828) | (26,083,596) |
1,450,041 | $ 20,328,307 | 5,317,005 | $ 67,763,802 | |
47,395,215 | $ 661,658,336 | 73,138,013 | $ 969,630,326 |
Please contact your financial advisor. Please note that not all investment advisors, banks or brokerages may offer this service.
1. Access the BlackRock website at blackrock.com
2. Select “Access Your Account”
3. Next, select “eDelivery” in the “Related Resources” box and follow the sign-up instructions.
Wilmington, DE 19809
Edinburgh, EH3 8BL
United Kingdom
Boston, MA 02114
Wilmington, DE 19809
New York, NY 10001
Boston, MA 02110
New York, NY 10019
Wilmington, DE 19809
Currency Abbreviation | |
CHF | Swiss Franc |
EUR | Euro |
GBP | British Pound |
JPY | Japanese Yen |
USD | United States Dollar |
Portfolio Abbreviation | |
ADR | American Depositary Receipt |
AGC | Assured Guaranty Corp. |
AMBAC | AMBAC Assurance Corp. |
BAM | Build America Mutual Assurance Co. |
CDI | CREST Depository Interest |
DIP | Debtor-In-Possession |
FTSE | Financial Times Stock Exchange |
MSCI | Morgan Stanley Capital International |
NVDR | Non-Voting Depositary Receipt |
PCL | Public Company Limited |
PJSC | Public Joint Stock Company |
REIT | Real Estate Investment Trust |
S&P | Standard & Poor’s |
SAB | Special Assessment Bonds |
SAP | Subject to Appropriations |
SCA | Societe en Commandite par Actions |
SG | Syncora Guarantee |
ST | Special Tax |
UT | Unlimited Tax |
![](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349img3310b4562.jpg)
![](https://capedge.com/proxy/N-CSRS/0001193125-25-001326/g914349imgc8007a361.jpg)
Item 8 – | Changes in and Disagreements with Accountants for Open-End Management Investment Companies – See Item 7 |
Item 9 – | Proxy Disclosures for Open-End Management Investment Companies – See Item 7 |
Item 10 – | Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies – See Item 7 |
Item 11 – | Statement Regarding Basis for Approval of Investment Advisory Contract – See Item 7 |
Item 12 – | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies – Not Applicable |
Item 13 – | Portfolio Managers of Closed-End Management Investment Companies – Not Applicable |
Item 14 – | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers – Not Applicable |
Item 15 – | Submission of Matters to a Vote of Security Holders – There have been no material changes to these procedures. |
Item 16 – | Controls and Procedures |
(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 17 – | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies – Not Applicable |
Item 18 – | Recovery of Erroneously Awarded Compensation – Not Applicable |
Item 19 – | Exhibits attached hereto |
(a)(1) Code of Ethics – Not Applicable to this semi-annual report
(a)(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant’s securities are listed – Not Applicable
(a)(3) Section 302 Certifications are attached
(a)(4) Any written solicitation to purchase securities under Rule 23c-1 – Not Applicable
(a)(5) Change in Registrant’s independent public accountant – Not Applicable
(b) Section 906 Certifications are attached
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock FundsSM
By: | /s/ John M. Perlowski | |||
John M. Perlowski | ||||
Chief Executive Officer (principal executive officer) of | ||||
BlackRock FundsSM |
Date: December 20, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ John M. Perlowski | |||
John M. Perlowski | ||||
Chief Executive Officer (principal executive officer) of | ||||
BlackRock FundsSM |
Date: December 20, 2024
By: | /s/ Trent Walker | |||
Trent Walker | ||||
Chief Financial Officer (principal financial officer) of | ||||
BlackRock FundsSM |
Date: December 20, 2024