Quarterly Holdings Report
for
Strategic Advisers® Fidelity® U.S. Total Stock Fund
Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general publicAugust 31, 2021
Schedule of Investments August 31, 2021 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 44.1% | |||
| Shares | Value | ||
| COMMUNICATION SERVICES - 4.1% | |||
| Diversified Telecommunication Services - 0.3% | |||
| AT&T, Inc. | 1,281,000 | $35,125,020 | |
| Liberty Global PLC Class C (a) | 668,300 | 19,367,334 | |
| Verizon Communications, Inc. | 2,150,009 | 118,250,495 | |
| 172,742,849 | |||
| Entertainment - 0.5% | |||
| Activision Blizzard, Inc. | 562,344 | 46,320,275 | |
| Cinemark Holdings, Inc. (a)(b) | 347,400 | 6,194,142 | |
| Lions Gate Entertainment Corp. Class B (a) | 354,500 | 4,168,920 | |
| Netflix, Inc. (a) | 93,800 | 53,390,022 | |
| Nihon Falcom Corp. | 5,000 | 64,446 | |
| Nintendo Co. Ltd. ADR | 310,183 | 18,635,795 | |
| Take-Two Interactive Software, Inc. (a) | 47,398 | 7,641,506 | |
| The Walt Disney Co. (a) | 855,495 | 155,101,244 | |
| Vivendi SA (b) | 1,188,083 | 45,255,927 | |
| 336,772,277 | |||
| Interactive Media & Services - 1.8% | |||
| Alphabet, Inc.: | |||
| Class A (a) | 209,113 | 605,162,566 | |
| Class C (a) | 51,036 | 148,475,973 | |
| Dip Corp. | 320,000 | 10,180,430 | |
| Facebook, Inc. Class A (a) | 974,600 | 369,743,748 | |
| Match Group, Inc. (a) | 112,976 | 15,527,421 | |
| Snap, Inc. Class A (a) | 93,600 | 7,123,896 | |
| Tongdao Liepin Group (a) | 1,265,703 | 2,242,559 | |
| Vimeo, Inc. (a) | 60,300 | 2,298,636 | |
| ZIGExN Co. Ltd. | 1,550,000 | 5,987,820 | |
| Zoominfo Technologies, Inc. (a) | 109,500 | 7,138,305 | |
| 1,173,881,354 | |||
| Media - 1.4% | |||
| Altice U.S.A., Inc. Class A (a) | 638,400 | 17,517,696 | |
| AMC Networks, Inc. Class A (a) | 20,000 | 950,600 | |
| Cogeco Communications, Inc. | 20,000 | 1,839,020 | |
| Comcast Corp. Class A | 8,709,033 | 528,464,122 | |
| Corus Entertainment, Inc. Class B (non-vtg.) (b) | 95,400 | 472,595 | |
| Discovery Communications, Inc.: | |||
| Class A (a)(b) | 200,000 | 5,768,000 | |
| Class C (non-vtg.) (a) | 975,000 | 26,900,250 | |
| eBook Initiative Japan Co. Ltd. (a) | 5,000 | 172,022 | |
| F@N Communications, Inc. | 26,900 | 100,494 | |
| Fox Corp. Class A | 474,333 | 17,759,028 | |
| Hyundai HCN | 486,513 | 1,939,495 | |
| iHeartMedia, Inc. (a) | 840,100 | 20,901,688 | |
| Intage Holdings, Inc. | 5,000 | 69,218 | |
| Interpublic Group of Companies, Inc. | 4,306,914 | 160,346,408 | |
| Liberty Broadband Corp. Class C (a) | 174,600 | 33,404,472 | |
| Magnite, Inc. (a) | 309,800 | 8,990,396 | |
| News Corp. Class A | 973,600 | 21,876,792 | |
| Nippon Television Network Corp. | 70,700 | 751,246 | |
| Pico Far East Holdings Ltd. | 1,000,000 | 155,578 | |
| Sinclair Broadcast Group, Inc. Class A | 50,000 | 1,500,500 | |
| TechTarget, Inc. (a) | 240,300 | 20,324,574 | |
| Trenders, Inc. (b) | 150,000 | 1,449,348 | |
| ViacomCBS, Inc. Class B | 675,100 | 27,982,895 | |
| WOWOW INC. | 100,000 | 2,172,431 | |
| WPP PLC | 2,623,100 | 35,566,237 | |
| 937,375,105 | |||
| Wireless Telecommunication Services - 0.1% | |||
| KDDI Corp. | 100,000 | 3,056,540 | |
| Okinawa Cellular Telephone Co. | 43,400 | 2,055,302 | |
| T-Mobile U.S., Inc. (a) | 365,175 | 50,036,279 | |
| 55,148,121 | |||
| TOTAL COMMUNICATION SERVICES | 2,675,919,706 | ||
| CONSUMER DISCRETIONARY - 4.2% | |||
| Auto Components - 0.3% | |||
| Adient PLC (a) | 960,100 | 37,770,334 | |
| Akwel | 25,000 | 684,835 | |
| Aptiv PLC (a) | 277,300 | 42,202,287 | |
| BorgWarner, Inc. | 821,205 | 35,049,029 | |
| Cie Automotive SA | 100,000 | 2,873,946 | |
| Cooper-Standard Holding, Inc. (a) | 35,000 | 814,800 | |
| DaikyoNishikawa Corp. | 604,000 | 3,650,957 | |
| DTR Automotive Corp. | 15,029 | 628,313 | |
| Eagle Industry Co. Ltd. | 71,400 | 811,253 | |
| G-Tekt Corp. | 650,000 | 8,756,079 | |
| Gentex Corp. | 64,000 | 1,971,200 | |
| Hi-Lex Corp. | 200,300 | 3,162,488 | |
| Hyundai Mobis | 70,000 | 16,761,512 | |
| IJTT Co. Ltd. | 450,000 | 2,466,482 | |
| Lear Corp. | 250,000 | 39,985,000 | |
| Linamar Corp. | 260,000 | 14,730,551 | |
| Murakami Corp. | 70,000 | 1,896,741 | |
| Patrick Industries, Inc. | 10,000 | 816,100 | |
| Plastic Omnium SA | 125,000 | 3,766,593 | |
| Topre Corp. | 350,000 | 4,266,236 | |
| TPR Co. Ltd. | 500,000 | 6,758,169 | |
| 229,822,905 | |||
| Automobiles - 0.3% | |||
| Daimler AG (Germany) | 530,800 | 44,761,921 | |
| General Motors Co. (a) | 696,817 | 34,151,001 | |
| Renault SA (a) | 60,000 | 2,228,075 | |
| Tesla, Inc. (a) | 118,300 | 87,035,676 | |
| 168,176,673 | |||
| Distributors - 0.0% | |||
| Arata Corp. | 25,000 | 1,013,498 | |
| Harima-Kyowa Co. Ltd. | 39,600 | 617,676 | |
| LKQ Corp. (a) | 12,600 | 663,894 | |
| Yagi & Co. Ltd. | 60,045 | 797,398 | |
| 3,092,466 | |||
| Diversified Consumer Services - 0.1% | |||
| Heian Ceremony Service Co. Ltd. | 175,000 | 1,439,576 | |
| MegaStudy Co. Ltd. | 79,794 | 912,301 | |
| Multicampus Co. Ltd. | 33,128 | 1,071,960 | |
| Service Corp. International | 511,742 | 32,116,928 | |
| 35,540,765 | |||
| Hotels, Restaurants & Leisure - 0.6% | |||
| Airbnb, Inc. Class A | 10,600 | 1,642,894 | |
| Betsson AB (B Shares) | 200,000 | 1,898,151 | |
| Booking Holdings, Inc. (a) | 53,176 | 122,287,252 | |
| Caesars Entertainment, Inc. (a) | 248,361 | 25,240,928 | |
| Churchill Downs, Inc. | 240,300 | 50,583,150 | |
| Elior SA (a)(c) | 555,145 | 3,870,653 | |
| Expedia, Inc. (a) | 128,366 | 18,548,887 | |
| Las Vegas Sands Corp. (a) | 932,900 | 41,616,669 | |
| Marriott International, Inc. Class A (a) | 527,400 | 71,272,836 | |
| Marriott Vacations Worldwide Corp. (a) | 309,300 | 46,255,815 | |
| Starbucks Corp. | 64,102 | 7,531,344 | |
| The Restaurant Group PLC (a) | 1,271,237 | 2,107,799 | |
| Tosho Co. Ltd. | 5,000 | 76,035 | |
| Wendy's Co. | 1,001,250 | 23,048,775 | |
| 415,981,188 | |||
| Household Durables - 0.6% | |||
| Cuckoo Holdings Co. Ltd. | 111,735 | 2,419,999 | |
| ES-Con Japan Ltd. | 25,000 | 177,703 | |
| FJ Next Co. Ltd. | 600,000 | 5,601,054 | |
| GoPro, Inc. Class A (a) | 625,800 | 6,239,226 | |
| Gree Electric Appliances, Inc. of Zhuhai (A Shares) | 750,013 | 4,771,238 | |
| Haseko Corp. | 25,000 | 346,316 | |
| Helen of Troy Ltd. (a) | 155,900 | 37,289,721 | |
| Hinokiya Holdings Co. Ltd. | 25,000 | 525,383 | |
| Lennar Corp. Class A | 417,700 | 44,823,387 | |
| Mohawk Industries, Inc. (a) | 645,065 | 127,568,054 | |
| Open House Co. Ltd. | 5,000 | 243,603 | |
| Portmeirion Group PLC (a) | 23,413 | 199,574 | |
| Pressance Corp. | 954,200 | 14,978,897 | |
| PulteGroup, Inc. | 895,100 | 48,210,086 | |
| Sony Group Corp. sponsored ADR | 103,900 | 10,749,494 | |
| Token Corp. | 5,000 | 476,299 | |
| Whirlpool Corp. | 305,040 | 67,575,511 | |
| 372,195,545 | |||
| Internet & Direct Marketing Retail - 0.8% | |||
| Alibaba Group Holding Ltd. sponsored ADR (a) | 228,500 | 38,157,215 | |
| Amazon.com, Inc. (a) | 125,700 | 436,278,303 | |
| Aucfan Co. Ltd. (a) | 25,000 | 204,745 | |
| eBay, Inc. | 678,500 | 52,068,090 | |
| Hyundai Home Shopping Network Corp. | 4,861 | 309,133 | |
| Locondo, Inc. | 10,000 | 125,074 | |
| Moneysupermarket.com Group PLC | 400,000 | 1,395,748 | |
| NS Shopping Co. Ltd. | 21,105 | 314,142 | |
| Ocado Group PLC (a) | 30,400 | 841,342 | |
| Oisix Ra Daichi, Inc. (a) | 5,000 | 169,295 | |
| Papyless Co. Ltd. | 100,000 | 1,379,812 | |
| Porch Group, Inc. Class A (a) | 617,932 | 12,358,640 | |
| Syuppin Co. Ltd. | 5,000 | 55,265 | |
| The RealReal, Inc. (a) | 732,400 | 9,111,056 | |
| 552,767,860 | |||
| Leisure Products - 0.0% | |||
| Brunswick Corp. | 330,092 | 31,976,012 | |
| Multiline Retail - 0.1% | |||
| Dollar General Corp. | 266,200 | 59,338,642 | |
| Europris ASA (c) | 5,000 | 35,311 | |
| Macy's, Inc. | 50,000 | 1,119,500 | |
| Max Stock Ltd. | 250,000 | 905,605 | |
| Ryohin Keikaku Co. Ltd. | 10,000 | 214,334 | |
| 61,613,392 | |||
| Specialty Retail - 0.9% | |||
| Arcland Sakamoto Co. Ltd. | 100,000 | 1,393,446 | |
| AT-Group Co. Ltd. | 225,000 | 2,795,755 | |
| Auto1 Group SE (c) | 138,800 | 6,039,276 | |
| Bed Bath & Beyond, Inc. (a) | 350,000 | 9,639,000 | |
| Best Buy Co., Inc. | 880,900 | 102,633,659 | |
| Burlington Stores, Inc. (a) | 136,000 | 40,730,640 | |
| Dunelm Group PLC | 200,000 | 3,536,114 | |
| Floor & Decor Holdings, Inc. Class A (a) | 194,500 | 23,981,850 | |
| Foot Locker, Inc. | 875,000 | 49,603,750 | |
| Genesco, Inc. (a) | 50,000 | 3,101,500 | |
| Hour Glass Ltd. | 1,871,200 | 1,990,268 | |
| JB Hi-Fi Ltd. | 5,000 | 167,488 | |
| JD Sports Fashion PLC | 875,000 | 12,144,222 | |
| Kid ASA (c) | 25,000 | 369,210 | |
| Ku Holdings Co. Ltd. | 100,000 | 914,421 | |
| Lookers PLC (a) | 828,728 | 763,382 | |
| Lowe's Companies, Inc. | 378,656 | 77,204,172 | |
| Mandarake, Inc. | 43,600 | 254,431 | |
| Sally Beauty Holdings, Inc. (a) | 1,038,800 | 19,311,292 | |
| Samse SA | 4,000 | 885,563 | |
| The Home Depot, Inc. | 399,100 | 130,178,438 | |
| TJX Companies, Inc. | 890,000 | 64,720,800 | |
| Tokatsu Holdings Co. Ltd. | 18,700 | 75,470 | |
| Ulta Beauty, Inc. (a) | 166,500 | 64,487,115 | |
| Urban Outfitters, Inc. (a) | 300,000 | 9,906,000 | |
| 626,827,262 | |||
| Textiles, Apparel & Luxury Goods - 0.5% | |||
| Capri Holdings Ltd. (a) | 125,000 | 7,063,750 | |
| Columbia Sportswear Co. | 347,000 | 35,397,470 | |
| Deckers Outdoor Corp. (a) | 95,000 | 39,752,750 | |
| Embry Holdings Ltd. | 280,000 | 40,682 | |
| Fossil Group, Inc. (a) | 30,000 | 402,000 | |
| G-III Apparel Group Ltd. (a) | 250,000 | 7,732,500 | |
| Hagihara Industries, Inc. | 25,000 | 342,226 | |
| Levi Strauss & Co. Class A | 1,415,600 | 37,102,876 | |
| NIKE, Inc. Class B | 677,800 | 111,660,772 | |
| PVH Corp. (a) | 207,100 | 21,702,009 | |
| Seiren Co. Ltd. | 10,000 | 173,976 | |
| Sitoy Group Holdings Ltd. | 2,613,000 | 191,504 | |
| Tapestry, Inc. | 983,900 | 39,670,848 | |
| Ted Baker PLC (a) | 418,192 | 884,850 | |
| 302,118,213 | |||
| TOTAL CONSUMER DISCRETIONARY | 2,800,112,281 | ||
| CONSUMER STAPLES - 2.6% | |||
| Beverages - 0.4% | |||
| Anheuser-Busch InBev SA NV ADR (b) | 31,700 | 1,941,625 | |
| Britvic PLC | 588,000 | 7,882,015 | |
| Diageo PLC sponsored ADR | 171,577 | 32,961,657 | |
| Keurig Dr. Pepper, Inc. | 484,200 | 17,271,414 | |
| Monster Beverage Corp. (a) | 507,900 | 49,555,803 | |
| The Coca-Cola Co. | 3,282,753 | 184,851,821 | |
| Yantai Changyu Pioneer Wine Co. Ltd. (B Shares) | 690,621 | 1,216,531 | |
| 295,680,866 | |||
| Food & Staples Retailing - 0.8% | |||
| Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 380,000 | 15,487,338 | |
| Amsterdam Commodities NV | 40,700 | 1,170,176 | |
| Belc Co. Ltd. | 15,000 | 790,801 | |
| Costco Wholesale Corp. | 239,000 | 108,862,110 | |
| Daiichi Co. Ltd. | 10,000 | 82,716 | |
| G-7 Holdings, Inc. | 221,800 | 8,024,033 | |
| Halows Co. Ltd. | 60,068 | 1,635,811 | |
| Kroger Co. | 1,439,200 | 66,246,376 | |
| Natural Grocers by Vitamin Cottage, Inc. | 50,000 | 604,500 | |
| Nihon Chouzai Co. Ltd. | 13,400 | 211,569 | |
| OM2 Network Co. Ltd. | 70,900 | 741,771 | |
| Performance Food Group Co. (a) | 794,699 | 39,909,784 | |
| Qol Holdings Co. Ltd. | 425,000 | 6,038,040 | |
| Retail Partners Co. Ltd. | 154,400 | 1,671,503 | |
| Sapporo Clinical Laboratory | 15,000 | 205,336 | |
| Satoh & Co. Ltd. (b) | 12,300 | 166,027 | |
| Sprouts Farmers Market LLC (a) | 100,000 | 2,490,000 | |
| Sundrug Co. Ltd. | 1,000 | 33,223 | |
| Sysco Corp. | 1,173,429 | 93,463,620 | |
| U.S. Foods Holding Corp. (a) | 1,659,300 | 56,416,200 | |
| Walgreens Boots Alliance, Inc. | 1,325,000 | 67,243,750 | |
| Walmart, Inc. | 530,900 | 78,626,290 | |
| YAKUODO Holdings Co. Ltd. | 85,000 | 1,921,511 | |
| Yaoko Co. Ltd. | 2,000 | 129,982 | |
| 552,172,467 | |||
| Food Products - 0.3% | |||
| Armanino Foods of Distinction | 10,000 | 34,100 | |
| Axyz Co. Ltd. | 30,000 | 869,881 | |
| Delsole Corp. (b) | 65,000 | 308,412 | |
| Freshpet, Inc. (a) | 156,600 | 20,066,724 | |
| Ingredion, Inc. | 175,000 | 15,375,500 | |
| Kaneko Seeds Co. Ltd. | 88,900 | 1,207,259 | |
| Lamb Weston Holdings, Inc. | 557,600 | 36,327,640 | |
| LDC SA | 10,059 | 1,258,979 | |
| Lotte Samkang Co. Ltd. | 1,500 | 543,617 | |
| Mondelez International, Inc. | 1,314,900 | 81,615,843 | |
| Origin Enterprises PLC | 179,000 | 708,037 | |
| Pickles Corp. | 100,000 | 1,708,858 | |
| Prima Meat Packers Ltd. | 20,000 | 542,653 | |
| S Foods, Inc. | 100,000 | 2,881,425 | |
| Shinobu Food Products Co. Ltd. | 50,000 | 296,323 | |
| Sunjuice Holdings Co. Ltd. | 50,000 | 757,521 | |
| Toyo Sugar Refining Co. Ltd. | 39,400 | 416,151 | |
| Tyson Foods, Inc. Class A | 549,700 | 43,162,444 | |
| 208,081,367 | |||
| Household Products - 0.6% | |||
| Colgate-Palmolive Co. | 11,200 | 873,040 | |
| Procter & Gamble Co. | 1,827,800 | 260,260,442 | |
| Reckitt Benckiser Group PLC | 537,200 | 41,010,505 | |
| Reynolds Consumer Products, Inc. | 5,000 | 141,400 | |
| Spectrum Brands Holdings, Inc. | 465,413 | 36,330,139 | |
| The Clorox Co. | 187,800 | 31,559,790 | |
| Transaction Co. Ltd. | 75,000 | 739,672 | |
| 370,914,988 | |||
| Personal Products - 0.2% | |||
| Estee Lauder Companies, Inc. Class A | 224,000 | 76,269,760 | |
| Hengan International Group Co. Ltd. | 500,000 | 2,899,408 | |
| Herbalife Nutrition Ltd. (a) | 475,200 | 24,396,768 | |
| The Beauty Health Co. (a) | 340,000 | 8,741,400 | |
| USANA Health Sciences, Inc. (a) | 1,000 | 97,030 | |
| 112,404,366 | |||
| Tobacco - 0.3% | |||
| Altria Group, Inc. | 3,460,989 | 173,845,477 | |
| KT&G Corp. | 40,099 | 2,823,422 | |
| Scandinavian Tobacco Group A/S (c) | 32,565 | 660,793 | |
| Swedish Match Co. AB | 709,000 | 6,546,549 | |
| 183,876,241 | |||
| TOTAL CONSUMER STAPLES | 1,723,130,295 | ||
| ENERGY - 1.7% | |||
| Energy Equipment & Services - 0.1% | |||
| Baker Hughes Co. Class A | 396,000 | 9,020,880 | |
| Halliburton Co. | 540,900 | 10,807,182 | |
| High Arctic Energy Services, Inc. (a) | 362,600 | 347,756 | |
| Hoegh LNG Partners LP (b) | 38,398 | 165,879 | |
| Liberty Oilfield Services, Inc. Class A (a) | 220,009 | 2,248,492 | |
| NOV, Inc. (a) | 150,000 | 1,975,500 | |
| Oceaneering International, Inc. (a) | 273,008 | 3,357,998 | |
| Subsea 7 SA | 1,363,616 | 10,386,020 | |
| 38,309,707 | |||
| Oil, Gas & Consumable Fuels - 1.6% | |||
| Africa Oil Corp. (a)(b) | 3,630,500 | 4,891,888 | |
| APA Corp. | 1,000,800 | 19,495,584 | |
| ARC Resources Ltd. | 5,540 | 39,564 | |
| Baytex Energy Corp. (a) | 2,463,500 | 4,256,672 | |
| Bonterra Energy Corp. (a) | 218,300 | 837,453 | |
| Canadian Natural Resources Ltd. | 848,100 | 28,064,974 | |
| Cenovus Energy, Inc.: | |||
| warrants 1/1/26 (a) | 117,180 | 535,908 | |
| (Canada) | 7,264,193 | 60,283,043 | |
| Cheniere Energy, Inc. | 107,400 | 9,393,204 | |
| Chevron Corp. | 56,500 | 5,467,505 | |
| China Petroleum & Chemical Corp.: | |||
| (H Shares) | 29,000,100 | 13,953,041 | |
| sponsored ADR (H Shares) | 9,600 | 460,704 | |
| CNX Resources Corp. (a) | 250,000 | 2,840,000 | |
| ConocoPhillips Co. | 125,000 | 6,941,250 | |
| Delek U.S. Holdings, Inc. | 550,000 | 9,410,500 | |
| Diamondback Energy, Inc. | 547,700 | 42,249,578 | |
| Enterprise Products Partners LP | 576,700 | 12,837,342 | |
| EQT Corp. (a) | 1,400,000 | 25,662,000 | |
| Extraction Oil & Gas, Inc. (a) | 75,000 | 3,414,750 | |
| Exxon Mobil Corp. | 6,493,846 | 354,044,484 | |
| Frontline Ltd. (NY Shares) | 10,000 | 72,200 | |
| Harbour Energy PLC (a)(b) | 1,536,170 | 7,531,404 | |
| Hess Corp. | 1,729,071 | 118,873,631 | |
| Imperial Oil Ltd. (b) | 509,000 | 13,470,860 | |
| Iwatani Corp. | 30,000 | 1,657,956 | |
| Kosmos Energy Ltd. (a) | 6,142,727 | 14,496,836 | |
| Magnolia Oil & Gas Corp. Class A | 1,621,300 | 25,421,984 | |
| Marathon Oil Corp. | 450,000 | 5,287,500 | |
| Marathon Petroleum Corp. | 33,600 | 1,991,472 | |
| MEG Energy Corp. (a) | 2,211,425 | 14,092,543 | |
| Motor Oil (HELLAS) Corinth Refineries SA (a) | 111,300 | 1,839,845 | |
| Murphy Oil Corp. | 559,800 | 11,901,348 | |
| NuVista Energy Ltd. (a) | 5,000 | 14,346 | |
| Oil & Natural Gas Corp. Ltd. | 16,500,000 | 27,265,905 | |
| Oil India Ltd. | 2,300,000 | 5,738,098 | |
| Parex Resources, Inc. | 1,863,800 | 28,718,164 | |
| Petronet LNG Ltd. | 200,000 | 623,980 | |
| Phillips 66 Co. | 600,268 | 42,673,052 | |
| Range Resources Corp. (a) | 1,388,554 | 20,300,659 | |
| Reliance Industries Ltd. | 620,300 | 19,200,977 | |
| Renewable Energy Group, Inc. (a) | 206,700 | 10,008,414 | |
| Sinopec Kantons Holdings Ltd. | 5,064,000 | 1,875,206 | |
| Southwestern Energy Co. (a) | 6,250,084 | 28,437,882 | |
| Star Petroleum Refining PCL (a) | 2,366,800 | 645,524 | |
| Teekay LNG Partners LP | 1,578,629 | 21,942,943 | |
| Thai Oil PCL (For. Reg.) | 468,100 | 721,772 | |
| Total SA sponsored ADR | 675,000 | 29,895,750 | |
| Tourmaline Oil Corp. | 241,500 | 6,458,376 | |
| Tsakos Energy Navigation Ltd. | 10,000 | 76,000 | |
| Unit Corp. warrants 9/3/27 (a)(b)(d) | 55,938 | 65,468 | |
| Valero Energy Corp. | 115,900 | 7,685,329 | |
| Whiting Petroleum Corp. (a) | 220,311 | 10,343,601 | |
| Whiting Petroleum Corp.: | |||
| warrants 9/1/24 (a) | 1,220 | 6,661 | |
| warrants 9/1/25 (a) | 610 | 3,538 | |
| 1,084,418,668 | |||
| TOTAL ENERGY | 1,122,728,375 | ||
| FINANCIALS - 6.9% | |||
| Banks - 3.1% | |||
| Arrow Financial Corp. | 50,000 | 1,842,500 | |
| Associated Banc-Corp. | 2,131,600 | 43,953,592 | |
| Bank Norwegian ASA | 50,000 | 591,195 | |
| Bank of America Corp. | 12,249,688 | 511,424,474 | |
| Bank7 Corp. | 10,000 | 227,000 | |
| BankUnited, Inc. | 799,098 | 33,586,089 | |
| BNP Paribas SA | 108,600 | 6,879,797 | |
| Chesapeake Financial Shares, Inc. | 5,000 | 146,100 | |
| Citigroup, Inc. | 201,681 | 14,502,881 | |
| Citizens Financial Group, Inc. | 434,512 | 19,027,280 | |
| Citizens Financial Services, Inc. | 5,010 | 313,125 | |
| CNB Financial Corp., Pennsylvania | 100,000 | 2,458,000 | |
| Comerica, Inc. | 131,500 | 9,719,165 | |
| Credit Agricole Atlantique Vendee | 7,800 | 920,985 | |
| Cullen/Frost Bankers, Inc. | 134,600 | 15,374,012 | |
| Eagle Bancorp, Inc. | 50,000 | 2,885,000 | |
| East West Bancorp, Inc. | 5,000 | 366,700 | |
| EFG Eurobank Ergasias SA (a) | 9,431,200 | 8,986,663 | |
| Embassy Bancorp, Inc. | 5,000 | 96,350 | |
| Enterprise Bancorp, Inc. | 5,000 | 168,750 | |
| First Horizon National Corp. | 3,177,170 | 52,073,816 | |
| First of Long Island Corp. | 49,800 | 1,055,760 | |
| FNB Corp., Pennsylvania | 56,100 | 655,248 | |
| Great Southern Bancorp, Inc. | 65,000 | 3,540,550 | |
| Gunma Bank Ltd. | 468,400 | 1,511,448 | |
| Hirogin Holdings, Inc. | 65,700 | 378,022 | |
| JPMorgan Chase & Co. | 1,915,036 | 306,310,008 | |
| M&T Bank Corp. | 588,898 | 82,451,609 | |
| NatWest Group PLC | 1,066,600 | 3,124,930 | |
| NIBC Holding NV (b)(c) | 660,726 | 5,461,066 | |
| Nicolet Bankshares, Inc. (a) | 15,000 | 1,146,150 | |
| Northrim Bancorp, Inc. | 10,000 | 419,700 | |
| Ogaki Kyoritsu Bank Ltd. | 51,400 | 913,861 | |
| PacWest Bancorp | 1,376,359 | 58,564,075 | |
| Parke Bancorp, Inc. | 10,000 | 205,200 | |
| Piraeus Financial Holdings SA (a) | 3,013,900 | 5,088,887 | |
| Plumas Bancorp | 100,000 | 3,226,000 | |
| PNC Financial Services Group, Inc. | 1,080,766 | 206,534,383 | |
| Seven Bank Ltd. | 500,000 | 1,140,754 | |
| Shinsei Bank Ltd. | 82,500 | 1,023,610 | |
| Signature Bank | 29,200 | 7,572,436 | |
| Societe Generale Series A | 489,161 | 15,395,911 | |
| Standard Chartered PLC (United Kingdom) | 1,134,600 | 7,094,447 | |
| Texas Capital Bancshares, Inc. (a) | 160,000 | 10,878,400 | |
| The Bank of Princeton | 5,000 | 152,500 | |
| The Keiyo Bank Ltd. | 148,400 | 600,264 | |
| The San-In Godo Bank Ltd. | 142,300 | 741,153 | |
| Truist Financial Corp. | 989,941 | 56,486,033 | |
| U.S. Bancorp | 846,052 | 48,554,924 | |
| UniCredit SpA | 558,000 | 6,962,817 | |
| Union Bankshares, Inc. | 10,000 | 331,500 | |
| Van Lanschot NV (Bearer) | 5,800 | 167,785 | |
| Washington Trust Bancorp, Inc. | 150,000 | 7,989,000 | |
| Wells Fargo & Co. | 10,048,817 | 459,230,937 | |
| West Bancorp., Inc. | 25,000 | 764,750 | |
| Yamaguchi Financial Group, Inc. | 127,800 | 745,786 | |
| 2,031,963,378 | |||
| Capital Markets - 1.1% | |||
| Affiliated Managers Group, Inc. | 278,200 | 47,324,602 | |
| Bank of New York Mellon Corp. | 1,640,550 | 90,591,171 | |
| BlackRock, Inc. Class A | 81,975 | 77,326,198 | |
| Cboe Global Markets, Inc. | 87,700 | 11,063,355 | |
| CI Financial Corp. | 2,200,000 | 42,704,395 | |
| Daou Data Corp. | 1,000 | 12,124 | |
| Federated Hermes, Inc. | 100,000 | 3,383,000 | |
| Goldman Sachs Group, Inc. | 57,324 | 23,704,047 | |
| Hennessy Advisors, Inc. | 10,000 | 102,000 | |
| Intercontinental Exchange, Inc. | 60,600 | 7,243,518 | |
| Invesco Ltd. | 764,300 | 19,352,076 | |
| KKR & Co. LP | 528,409 | 33,971,415 | |
| Lazard Ltd. Class A | 961,863 | 45,592,306 | |
| Morgan Stanley | 1,031,901 | 107,761,421 | |
| Northern Trust Corp. | 658,647 | 78,062,842 | |
| Raymond James Financial, Inc. | 138,773 | 19,414,343 | |
| State Street Corp. | 1,145,349 | 106,414,376 | |
| StepStone Group, Inc. Class A | 238,299 | 11,407,373 | |
| Virtu Financial, Inc. Class A | 269,589 | 6,599,539 | |
| 732,030,101 | |||
| Consumer Finance - 1.0% | |||
| Aeon Credit Service (Asia) Co. Ltd. | 5,000,000 | 3,175,848 | |
| Ally Financial, Inc. | 448,800 | 23,741,520 | |
| American Express Co. | 337,817 | 56,064,109 | |
| Capital One Financial Corp. | 997,935 | 165,627,272 | |
| Discover Financial Services | 1,741,413 | 223,283,975 | |
| First Cash Financial Services, Inc. | 458,910 | 39,323,998 | |
| Navient Corp. | 160,000 | 3,713,600 | |
| OneMain Holdings, Inc. | 1,404,759 | 81,237,213 | |
| Santander Consumer U.S.A. Holdings, Inc. | 175,000 | 7,302,750 | |
| Shriram Transport Finance Co. Ltd. | 188,146 | 3,488,713 | |
| Synchrony Financial | 1,250,000 | 62,187,500 | |
| 669,146,498 | |||
| Diversified Financial Services - 0.5% | |||
| Berkshire Hathaway, Inc.: | |||
| Class A (a) | 2 | 859,800 | |
| Class B (a) | 1,010,559 | 288,787,445 | |
| BFF Bank SpA (c) | 693,800 | 6,340,642 | |
| Fuyo General Lease Co. Ltd. | 100,000 | 6,908,149 | |
| Juniper Industrial Holdings, Inc. (e) | 1,114,538 | 16,729,215 | |
| Voya Financial, Inc. | 514,210 | 33,413,366 | |
| Zenkoku Hosho Co. Ltd. | 100,000 | 4,762,987 | |
| 357,801,604 | |||
| Insurance - 0.9% | |||
| AFLAC, Inc. | 1,200,000 | 68,016,000 | |
| AIA Group Ltd. | 347,000 | 4,143,432 | |
| Allstate Corp. | 120,600 | 16,314,768 | |
| American International Group, Inc. | 971,664 | 53,013,988 | |
| Arthur J. Gallagher & Co. | 119,809 | 17,206,969 | |
| ASR Nederland NV | 100,000 | 4,571,864 | |
| Assurant, Inc. | 220,430 | 37,497,347 | |
| BRP Group, Inc. (a) | 621,600 | 23,403,240 | |
| Chubb Ltd. | 539,166 | 99,163,411 | |
| Db Insurance Co. Ltd. | 531,800 | 26,936,341 | |
| Hartford Financial Services Group, Inc. | 469,059 | 31,530,146 | |
| Hyundai Fire & Marine Insurance Co. Ltd. | 425,000 | 9,388,172 | |
| Investors Title Co. | 6,000 | 1,151,160 | |
| Marsh & McLennan Companies, Inc. | 128,200 | 20,153,040 | |
| NN Group NV | 150,203 | 7,798,176 | |
| NN Group NV rights (a)(b)(f) | 150,203 | 164,938 | |
| Primerica, Inc. | 30,000 | 4,588,200 | |
| Prudential Financial, Inc. | 115,000 | 12,176,200 | |
| Prudential PLC (a) | 189,700 | 3,952,329 | |
| Qualitas Controladora S.A.B. de CV | 50,000 | 237,129 | |
| Reinsurance Group of America, Inc. | 146,400 | 16,956,048 | |
| Sul America SA unit | 10,803 | 61,319 | |
| The Travelers Companies, Inc. | 842,745 | 134,594,804 | |
| Willis Towers Watson PLC | 81,739 | 18,041,432 | |
| 611,060,453 | |||
| Mortgage Real Estate Investment Trusts - 0.1% | |||
| New Residential Investment Corp. | 3,950,400 | 43,138,368 | |
| Thrifts & Mortgage Finance - 0.2% | |||
| ASAX Co. Ltd. | 188,500 | 1,199,382 | |
| Axos Financial, Inc. (a) | 55,000 | 2,666,400 | |
| Equitable Group, Inc. | 25,000 | 3,035,509 | |
| Essent Group Ltd. | 1,056,530 | 49,741,432 | |
| Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 35,000 | 3,426,500 | |
| Genworth Mortgage Insurance Ltd. | 600,000 | 974,425 | |
| Greene County Bancorp, Inc. | 178,718 | 5,611,745 | |
| MGIC Investment Corp. | 3,104,599 | 47,407,227 | |
| Radian Group, Inc. | 738,202 | 17,443,713 | |
| Sangsangin Co. Ltd. (a) | 35,000 | 247,044 | |
| Southern Missouri Bancorp, Inc. | 35,000 | 1,579,200 | |
| 133,332,577 | |||
| TOTAL FINANCIALS | 4,578,472,979 | ||
| HEALTH CARE - 6.7% | |||
| Biotechnology - 1.0% | |||
| ADC Therapeutics SA (a) | 234,900 | 6,852,033 | |
| Agios Pharmaceuticals, Inc. (a) | 142,000 | 6,344,560 | |
| Alnylam Pharmaceuticals, Inc. (a) | 154,100 | 31,040,363 | |
| Ambrx Biopharma, Inc. ADR | 132,050 | 2,351,811 | |
| Amgen, Inc. | 346,300 | 78,101,039 | |
| Arcutis Biotherapeutics, Inc. (a) | 173,700 | 3,677,229 | |
| Argenx SE ADR (a) | 76,000 | 25,157,520 | |
| Ascendis Pharma A/S sponsored ADR (a) | 132,513 | 20,768,762 | |
| Atara Biotherapeutics, Inc. (a) | 200,000 | 2,996,000 | |
| Avid Bioservices, Inc. (a) | 320,000 | 7,756,800 | |
| BioAtla, Inc. (b) | 100,000 | 4,109,000 | |
| Blueprint Medicines Corp. (a) | 394,298 | 36,776,174 | |
| Cell Biotech Co. Ltd. | 75,959 | 1,251,886 | |
| Celldex Therapeutics, Inc. (a) | 218,605 | 11,509,553 | |
| Century Therapeutics, Inc. | 165,000 | 4,092,000 | |
| Crinetics Pharmaceuticals, Inc. (a) | 86,700 | 2,043,519 | |
| Cytokinetics, Inc. (a) | 218,000 | 7,187,460 | |
| Essex Bio-Technology Ltd. | 500,000 | 422,375 | |
| Exelixis, Inc. (a) | 228,000 | 4,370,760 | |
| Generation Bio Co. (a) | 128,000 | 3,200,000 | |
| Gilead Sciences, Inc. | 325,000 | 23,653,500 | |
| Gritstone Bio, Inc. (a) | 138,500 | 1,274,200 | |
| Heron Therapeutics, Inc. (a) | 29,900 | 348,933 | |
| Imago BioSciences, Inc. | 115,000 | 3,021,050 | |
| ImmunoGen, Inc. (a) | 3,610,600 | 21,844,130 | |
| Innovent Biologics, Inc. (a)(c) | 820,000 | 6,610,650 | |
| Insmed, Inc. (a) | 221,600 | 6,213,664 | |
| Intercept Pharmaceuticals, Inc. (a)(b) | 367,582 | 5,480,648 | |
| Krystal Biotech, Inc. (a) | 224,200 | 12,990,148 | |
| Mirati Therapeutics, Inc. (a) | 60,000 | 10,183,800 | |
| Natera, Inc. (a) | 356,900 | 42,267,667 | |
| Nuvalent, Inc. Class A (a)(b) | 117,200 | 4,269,596 | |
| Prelude Therapeutics, Inc. (b) | 128,000 | 4,568,320 | |
| PTC Therapeutics, Inc. (a) | 634,500 | 27,695,925 | |
| Regeneron Pharmaceuticals, Inc. (a) | 228,000 | 153,535,200 | |
| Relay Therapeutics, Inc. (a) | 100,000 | 3,203,000 | |
| Sarepta Therapeutics, Inc. (a) | 90,000 | 7,030,800 | |
| Shattuck Labs, Inc. | 152,000 | 3,211,760 | |
| TG Therapeutics, Inc. (a) | 310,000 | 8,391,700 | |
| Turning Point Therapeutics, Inc. (a) | 309,100 | 23,806,882 | |
| United Therapeutics Corp. (a) | 75,000 | 16,116,000 | |
| Vaxcyte, Inc. (a)(b) | 102,400 | 2,685,952 | |
| Verve Therapeutics, Inc. | 106,600 | 7,457,736 | |
| Xencor, Inc. (a) | 160,000 | 5,419,200 | |
| Zentalis Pharmaceuticals, Inc. (a) | 160,000 | 10,910,400 | |
| Zymeworks, Inc. (a) | 160,000 | 5,278,400 | |
| 677,478,105 | |||
| Health Care Equipment & Supplies - 1.0% | |||
| Abbott Laboratories | 50,100 | 6,331,137 | |
| Axonics Modulation Technologies, Inc. (a) | 599,900 | 44,980,502 | |
| Becton, Dickinson & Co. | 69,725 | 17,549,783 | |
| Boston Scientific Corp. (a) | 3,973,963 | 179,424,429 | |
| Butterfly Network, Inc. Class A (a)(b) | 1,190,200 | 14,710,872 | |
| Danaher Corp. | 330,800 | 107,232,128 | |
| DexCom, Inc. (a) | 10,800 | 5,717,736 | |
| Envista Holdings Corp. (a) | 385,000 | 16,474,150 | |
| Fukuda Denshi Co. Ltd. | 110,000 | 10,998,500 | |
| Hologic, Inc. (a) | 235,000 | 18,600,250 | |
| InBody Co. Ltd. | 215,000 | 5,472,839 | |
| Insulet Corp. (a) | 144,000 | 42,884,640 | |
| Intuitive Surgical, Inc. (a) | 8,600 | 9,060,616 | |
| iRhythm Technologies, Inc. (a) | 1,909 | 91,250 | |
| Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.) | 101,800 | 4,696,034 | |
| Masimo Corp. (a) | 30,000 | 8,146,200 | |
| Meridian Bioscience, Inc. (a) | 30,000 | 607,200 | |
| Penumbra, Inc. (a) | 136,421 | 37,508,954 | |
| Tandem Diabetes Care, Inc. (a) | 380,700 | 42,703,119 | |
| Value Added Technology Co. Ltd. | 150,000 | 5,468,524 | |
| Vieworks Co. Ltd. | 375,000 | 14,302,294 | |
| ViewRay, Inc. (a) | 6,164,300 | 37,232,372 | |
| 630,193,529 | |||
| Health Care Providers & Services - 2.5% | |||
| agilon health, Inc. (a)(b) | 200,000 | 7,000,000 | |
| Alignment Healthcare, Inc. (a)(b) | 500,000 | 8,835,000 | |
| Anthem, Inc. | 379,000 | 142,174,270 | |
| Cano Health, Inc. (a)(b) | 1,000,000 | 11,970,000 | |
| Cardinal Health, Inc. | 569,727 | 29,904,970 | |
| Centene Corp. (a) | 2,577,100 | 162,305,758 | |
| Cigna Corp. | 1,429,110 | 302,471,132 | |
| Covetrus, Inc. (a) | 139,200 | 3,144,528 | |
| CVS Health Corp. | 1,640,561 | 141,728,065 | |
| Guardant Health, Inc. (a) | 36,400 | 4,632,628 | |
| HCA Holdings, Inc. | 150,000 | 37,947,000 | |
| Humana, Inc. | 380,400 | 154,221,768 | |
| Laboratory Corp. of America Holdings (a) | 50,000 | 15,169,000 | |
| LifeStance Health Group, Inc. | 400,000 | 5,944,000 | |
| McKesson Corp. | 352,126 | 71,883,002 | |
| MEDNAX, Inc. (a) | 1,185,500 | 38,066,405 | |
| Progyny, Inc. (a) | 622,000 | 34,751,140 | |
| Quest Diagnostics, Inc. | 3,700 | 565,471 | |
| Rede D'Oregon Sao Luiz SA (c) | 800,000 | 10,647,482 | |
| Sinopharm Group Co. Ltd. (H Shares) | 1,250,000 | 3,211,207 | |
| Surgery Partners, Inc. (a) | 140,000 | 6,888,000 | |
| Tokai Corp. | 150,000 | 3,219,106 | |
| UnitedHealth Group, Inc. | 1,042,203 | 433,837,843 | |
| Universal Health Services, Inc. Class B | 280,000 | 43,612,800 | |
| 1,674,130,575 | |||
| Health Care Technology - 0.1% | |||
| Doximity, Inc. | 50,000 | 4,600,000 | |
| Evolent Health, Inc. (a) | 300,000 | 7,368,000 | |
| GPI SpA | 10,000 | 148,184 | |
| Phreesia, Inc. (a) | 658,100 | 47,087,055 | |
| 59,203,239 | |||
| Life Sciences Tools & Services - 0.4% | |||
| 10X Genomics, Inc. (a) | 45,000 | 7,916,400 | |
| Avantor, Inc. (a) | 1,551,000 | 61,171,440 | |
| Bio-Rad Laboratories, Inc. Class A (a) | 35,000 | 28,168,700 | |
| Bruker Corp. | 717,750 | 63,384,503 | |
| Charles River Laboratories International, Inc. (a) | 42,800 | 18,997,208 | |
| ICON PLC (a) | 5,200 | 1,330,004 | |
| Lonza Group AG | 21,000 | 17,772,318 | |
| Macrogen, Inc. | 5,000 | 138,493 | |
| Sartorius Stedim Biotech | 26,900 | 16,313,053 | |
| Thermo Fisher Scientific, Inc. | 98,500 | 54,662,575 | |
| 269,854,694 | |||
| Pharmaceuticals - 1.7% | |||
| Arvinas Holding Co. LLC (a) | 573,900 | 49,475,919 | |
| AstraZeneca PLC: | |||
| (United Kingdom) | 280,000 | 32,744,165 | |
| sponsored ADR | 1,594,286 | 92,914,988 | |
| Atea Pharmaceuticals, Inc. (b) | 70,000 | 2,080,400 | |
| Bayer AG | 1,000,915 | 55,681,773 | |
| Bristol-Myers Squibb Co. | 4,416,299 | 295,273,751 | |
| Dai Han Pharmaceutical Co. Ltd. | 25,000 | 655,791 | |
| Daito Pharmaceutical Co. Ltd. | 81,400 | 2,671,036 | |
| Dawnrays Pharmaceutical Holdings Ltd. | 8,622,000 | 1,784,829 | |
| Eli Lilly & Co. | 419,800 | 108,430,142 | |
| Faes Farma SA | 50,000 | 195,178 | |
| Fuji Pharma Co. Ltd. | 5,000 | 52,493 | |
| Genomma Lab Internacional SA de CV (a) | 1,000,000 | 967,437 | |
| GlaxoSmithKline PLC sponsored ADR | 1,780,454 | 72,535,696 | |
| Humedix Co. Ltd. | 5,000 | 144,749 | |
| Huons Co. Ltd. | 10,000 | 494,432 | |
| Intra-Cellular Therapies, Inc. (a) | 44,700 | 1,484,040 | |
| Jazz Pharmaceuticals PLC (a) | 125,000 | 16,463,750 | |
| Johnson & Johnson | 530,949 | 91,923,200 | |
| Kaken Pharmaceutical Co. Ltd. | 2,000 | 90,351 | |
| Nektar Therapeutics (a) | 210,000 | 3,250,800 | |
| Nippon Chemiphar Co. Ltd. | 40,100 | 812,097 | |
| Pliant Therapeutics, Inc. (a)(b) | 177,600 | 3,239,424 | |
| Reata Pharmaceuticals, Inc. (a) | 230,500 | 24,550,555 | |
| Roche Holding AG (participation certificate) | 318,376 | 127,845,529 | |
| Royalty Pharma PLC | 500,000 | 19,325,000 | |
| Sanofi SA sponsored ADR | 1,581,450 | 81,887,481 | |
| Theravance Biopharma, Inc. (a) | 132,200 | 1,097,260 | |
| UCB SA | 71,000 | 8,121,765 | |
| Viatris, Inc. | 63,300 | 926,079 | |
| 1,097,120,110 | |||
| TOTAL HEALTH CARE | 4,407,980,252 | ||
| INDUSTRIALS - 5.4% | |||
| Aerospace & Defense - 0.7% | |||
| Airbus Group NV (a) | 435,545 | 59,580,873 | |
| General Dynamics Corp. | 78,927 | 15,809,867 | |
| HEICO Corp. Class A | 367,646 | 41,999,879 | |
| Huntington Ingalls Industries, Inc. | 61,231 | 12,501,533 | |
| L3Harris Technologies, Inc. | 231,700 | 53,988,417 | |
| Lockheed Martin Corp. | 120,200 | 43,247,960 | |
| Magellan Aerospace Corp. | 50,000 | 417,707 | |
| Maxar Technologies, Inc. | 29,500 | 937,805 | |
| MTU Aero Engines AG | 27,400 | 6,287,718 | |
| Northrop Grumman Corp. | 233,100 | 85,710,870 | |
| Raytheon Technologies Corp. | 79,568 | 6,744,184 | |
| Rolls-Royce Holdings PLC (a) | 6,547,000 | 10,324,766 | |
| Safran SA | 31,700 | 3,976,624 | |
| The Boeing Co. (a) | 629,726 | 138,224,857 | |
| The Lisi Group | 5,000 | 165,305 | |
| Vectrus, Inc. (a) | 35,000 | 1,760,850 | |
| 481,679,215 | |||
| Air Freight & Logistics - 0.3% | |||
| Air Transport Services Group, Inc. (a) | 899,100 | 24,626,349 | |
| Deutsche Post AG | 502,100 | 35,322,276 | |
| FedEx Corp. | 128,918 | 34,252,223 | |
| Onelogix Group Ltd. (a) | 574,686 | 98,905 | |
| Sinotrans Ltd. (H Shares) | 1,000,000 | 407,589 | |
| United Parcel Service, Inc. Class B | 623,022 | 121,881,794 | |
| 216,589,136 | |||
| Airlines - 0.1% | |||
| Copa Holdings SA Class A (a) | 17,300 | 1,301,825 | |
| Delta Air Lines, Inc. (a) | 622,500 | 25,173,900 | |
| Hawaiian Holdings, Inc. (a) | 50,000 | 1,011,000 | |
| JetBlue Airways Corp. (a) | 1,370,900 | 20,741,717 | |
| Ryanair Holdings PLC sponsored ADR (a) | 49,500 | 5,331,150 | |
| 53,559,592 | |||
| Building Products - 0.6% | |||
| Builders FirstSource, Inc. (a) | 431,800 | 23,010,622 | |
| Carlisle Companies, Inc. | 293,820 | 61,919,627 | |
| Fortune Brands Home & Security, Inc. | 1,374,029 | 133,789,204 | |
| Jeld-Wen Holding, Inc. (a) | 668,908 | 18,421,726 | |
| Johnson Controls International PLC | 237,232 | 17,744,954 | |
| KVK Corp. | 10,000 | 207,244 | |
| Nihon Dengi Co. Ltd. | 171,800 | 5,980,948 | |
| Nihon Flush Co. Ltd. (b) | 350,078 | 4,038,076 | |
| Trane Technologies PLC | 676,600 | 134,305,100 | |
| 399,417,501 | |||
| Commercial Services & Supplies - 0.0% | |||
| CoreCivic, Inc. (a) | 200,000 | 1,944,000 | |
| CTS Co. Ltd. | 5,000 | 34,586 | |
| gremz, Inc. | 5,000 | 127,028 | |
| VSE Corp. | 20,054 | 1,002,499 | |
| 3,108,113 | |||
| Construction & Engineering - 0.1% | |||
| Boustead Projs. Pte Ltd. | 2,180,500 | 1,581,306 | |
| Br Holding Corp. | 50,000 | 235,422 | |
| Dai-Ichi Cutter Kogyo KK | 25,000 | 294,051 | |
| Kawasaki Setsubi Kogyo Co. Ltd. | 35,000 | 136,163 | |
| Meisei Industrial Co. Ltd. | 500,200 | 3,400,896 | |
| Raiznext Corp. | 550,800 | 5,547,302 | |
| Seikitokyu Kogyo Co. Ltd. | 200,000 | 1,530,700 | |
| Shinnihon Corp. | 25,000 | 195,882 | |
| Totetsu Kogyo Co. Ltd. | 350,000 | 7,816,661 | |
| Watanabe Sato Co. Ltd. | 20,000 | 551,743 | |
| 21,290,126 | |||
| Electrical Equipment - 0.6% | |||
| Acuity Brands, Inc. | 142,652 | 26,323,574 | |
| Aichi Electric Co. Ltd. | 231,450 | 5,863,302 | |
| AMETEK, Inc. | 790,600 | 107,497,882 | |
| AQ Group AB (a) | 1,000 | 39,168 | |
| Array Technologies, Inc. | 912,272 | 17,397,027 | |
| BizLink Holding, Inc. | 50,000 | 411,303 | |
| Emerson Electric Co. | 668,700 | 70,547,850 | |
| FTC Solar, Inc. (a) | 258,300 | 2,802,555 | |
| Gerard Perrier Industrie SA (b) | 5,000 | 486,469 | |
| Hubbell, Inc. Class B | 78,060 | 16,088,947 | |
| Iwabuchi Corp. | 8,700 | 444,430 | |
| Plug Power, Inc. (a) | 316,300 | 8,242,778 | |
| Regal Beloit Corp. | 251,800 | 37,623,956 | |
| Shoals Technologies Group, Inc. | 118,750 | 3,867,688 | |
| Sunrun, Inc. (a) | 1,510,410 | 66,835,643 | |
| Terasaki Electric Co. Ltd. | 33,600 | 405,588 | |
| Vertiv Holdings Co. | 893,609 | 25,172,966 | |
| Vertiv Holdings LLC (a)(e) | 600,000 | 16,902,000 | |
| 406,953,126 | |||
| Industrial Conglomerates - 0.9% | |||
| 3M Co. | 102,903 | 20,039,330 | |
| General Electric Co. | 4,129,592 | 435,300,293 | |
| Hitachi Ltd. | 479,600 | 26,526,983 | |
| Mytilineos SA | 239,500 | 4,496,355 | |
| Reunert Ltd. | 56,900 | 204,431 | |
| Roper Technologies, Inc. | 124,300 | 60,071,704 | |
| Siemens AG | 421,400 | 69,908,079 | |
| 616,547,175 | |||
| Machinery - 1.3% | |||
| AGCO Corp. | 349,700 | 48,125,714 | |
| Caterpillar, Inc. | 378,700 | 79,856,469 | |
| Chart Industries, Inc. (a) | 253,200 | 47,697,816 | |
| Clean & Science Co. Ltd. | 5,000 | 85,210 | |
| Colfax Corp. (a) | 1,026,000 | 49,422,420 | |
| Crane Co. | 5,000 | 508,850 | |
| Cummins, Inc. | 28,942 | 6,829,733 | |
| Danieli & C. Officine Meccaniche SpA | 25,000 | 729,113 | |
| Ebara Jitsugyo Co. Ltd. | 50,000 | 1,142,117 | |
| Epiroc AB (A Shares) | 236,600 | 5,191,549 | |
| Estic Corp. | 14,900 | 656,188 | |
| Flowserve Corp. | 1,762,431 | 68,505,693 | |
| Fortive Corp. | 1,168,224 | 86,296,707 | |
| Fukushima Industries Corp. | 10,000 | 440,849 | |
| Haitian International Holdings Ltd. | 900,000 | 3,448,431 | |
| Hy-Lok Corp. | 14,316 | 207,531 | |
| IDEX Corp. | 208,027 | 46,598,048 | |
| ITT, Inc. | 1,034,500 | 98,970,615 | |
| Koike Sanso Kogyo Co. Ltd. | 2,200 | 60,092 | |
| Mitsui Engineering & Shipbuilding Co. (a) | 250,000 | 1,049,857 | |
| Nakanishi Manufacturing Co. Ltd. | 30,000 | 316,321 | |
| Nansin Co. Ltd. | 32,900 | 170,758 | |
| Oshkosh Corp. | 622,400 | 71,314,592 | |
| Otis Worldwide Corp. | 1,221,104 | 112,610,211 | |
| Pentair PLC | 619,700 | 47,816,052 | |
| Sakura Rubber Co. Ltd. | 20,800 | 743,971 | |
| Semperit AG Holding | 25,000 | 1,003,638 | |
| Shinwa Co. Ltd. | 50,000 | 1,034,859 | |
| Stanley Black & Decker, Inc. | 235,132 | 45,443,962 | |
| Takamatsu Machinery Co. Ltd. | 25,000 | 166,114 | |
| The Hanshin Diesel Works Ltd. | 4,500 | 73,872 | |
| Trinity Industrial Corp. | 10,000 | 78,171 | |
| Westinghouse Air Brake Tech Co. | 177,614 | 15,947,961 | |
| Yamada Corp. | 25,000 | 523,792 | |
| 843,067,276 | |||
| Marine - 0.0% | |||
| Genco Shipping & Trading Ltd. | 295,300 | 5,755,397 | |
| Japan Transcity Corp. | 280,300 | 1,505,770 | |
| 7,261,167 | |||
| Professional Services - 0.1% | |||
| ABIST Co. Ltd. | 57,385 | 1,539,795 | |
| Altech Corp. | 100,000 | 1,753,397 | |
| Artner Co. Ltd. | 10,000 | 74,444 | |
| Bertrandt AG | 55,000 | 3,133,415 | |
| Career Design Center Co. Ltd. | 145,000 | 1,560,514 | |
| Creek & River Co. Ltd. | 45,000 | 723,992 | |
| Dun & Bradstreet Holdings, Inc. (a)(b) | 495,300 | 9,078,849 | |
| en-japan, Inc. | 5,000 | 169,295 | |
| Equifax, Inc. | 22,700 | 6,180,302 | |
| Gakujo Co. Ltd. (b) | 268,800 | 2,831,788 | |
| Mastech Digital, Inc. (a) | 30,000 | 523,200 | |
| McMillan Shakespeare Ltd. | 46,017 | 420,797 | |
| Outsourcing, Inc. | 125,000 | 2,136,072 | |
| Quick Co. Ltd. | 310,900 | 3,885,720 | |
| SaraminHR Co. Ltd. | 112,438 | 4,690,960 | |
| SHL-JAPAN Ltd. | 51,600 | 1,275,753 | |
| WDB Holdings Co. Ltd. | 60,000 | 1,862,473 | |
| Will Group, Inc. | 178,000 | 2,072,608 | |
| World Holdings Co. Ltd. | 100,000 | 2,366,041 | |
| 46,279,415 | |||
| Road & Rail - 0.5% | |||
| Autohellas SA | 51,600 | 456,950 | |
| CSX Corp. | 3,152,400 | 102,547,572 | |
| Daqin Railway Co. Ltd. (A Shares) | 2,952,141 | 2,773,615 | |
| Knight-Swift Transportation Holdings, Inc. Class A | 680,174 | 35,321,436 | |
| Landstar System, Inc. | 156,120 | 26,232,844 | |
| Lyft, Inc. (a) | 651,483 | 31,017,106 | |
| Meitetsu Transport Co. Ltd. | 32,200 | 713,572 | |
| NANSO Transport Co. Ltd. | 90,000 | 917,057 | |
| Nikkon Holdings Co. Ltd. | 150,000 | 3,133,209 | |
| Old Dominion Freight Lines, Inc. | 332,500 | 95,999,400 | |
| Patriot Transportation Holding, Inc. | 10,000 | 122,600 | |
| Ryder System, Inc. | 171,264 | 13,613,775 | |
| Sakai Moving Service Co. Ltd. | 10,000 | 442,212 | |
| SENKO Co. Ltd. | 5,000 | 43,994 | |
| Stef SA | 100,039 | 11,221,500 | |
| Tohbu Network Co. Ltd. | 42,500 | 354,633 | |
| Uber Technologies, Inc. (a) | 343,572 | 13,447,408 | |
| Utoc Corp. | 136,300 | 670,257 | |
| 339,029,140 | |||
| Trading Companies & Distributors - 0.2% | |||
| AerCap Holdings NV (a) | 50,000 | 2,696,500 | |
| Air Lease Corp. Class A | 634,500 | 25,215,030 | |
| Alconix Corp. | 2,500 | 36,154 | |
| Beijer Ref AB (B Shares) | 86,700 | 1,991,313 | |
| Canox Corp. | 81,539 | 1,040,592 | |
| Daiichi Jitsugyo Co. Ltd. | 5,900 | 252,593 | |
| Green Cross Co. Ltd. | 81,100 | 727,589 | |
| Howden Joinery Group PLC | 26,900 | 349,716 | |
| Itochu Corp. | 1,850,200 | 55,683,427 | |
| Kamei Corp. | 300,000 | 3,201,382 | |
| Mitani Shoji Co. Ltd. | 56,600 | 4,028,342 | |
| Mitsubishi Corp. | 400,000 | 12,038,358 | |
| Narasaki Sangyo Co. Ltd. | 25,000 | 473,572 | |
| Nishikawa Keisoku Co. Ltd. | 15,000 | 634,004 | |
| Rasa Corp. (a) | 25,000 | 206,336 | |
| Sam Yung Trading Co. Ltd. | 7,856 | 107,783 | |
| Shinsho Corp. | 274,300 | 7,953,615 | |
| Totech Corp. | 50,000 | 1,182,112 | |
| Triton International Ltd. | 5,000 | 273,600 | |
| 118,092,018 | |||
| Transportation Infrastructure - 0.0% | |||
| Isewan Terminal Service Co. Ltd. | 200,400 | 1,275,099 | |
| Meiko Transportation Co. Ltd. | 25,000 | 261,328 | |
| Qingdao Port International Co. Ltd. (H Shares) (c) | 4,884,814 | 2,518,577 | |
| 4,055,004 | |||
| TOTAL INDUSTRIALS | 3,556,928,004 | ||
| INFORMATION TECHNOLOGY - 8.3% | |||
| Communications Equipment - 0.2% | |||
| Cisco Systems, Inc. | 2,199,000 | 129,784,980 | |
| Electronic Equipment & Components - 0.6% | |||
| Ai Holdings Corp. | 5,000 | 101,532 | |
| Avnet, Inc. | 747,300 | 30,235,758 | |
| CDW Corp. | 42,800 | 8,586,108 | |
| Cognex Corp. | 276,100 | 24,467,982 | |
| Corning, Inc. | 124,300 | 4,970,757 | |
| Daido Signal Co. Ltd. | 155,000 | 853,793 | |
| Daiwabo Holdings Co. Ltd. | 250,000 | 4,753,897 | |
| Elematec Corp. | 177,000 | 1,832,505 | |
| Flex Ltd. (a) | 3,078,793 | 57,203,974 | |
| FLEXium Interconnect, Inc. | 101,316 | 424,959 | |
| Hagiwara Electric Holdings Co. Ltd. | 60,080 | 1,245,125 | |
| Hon Hai Precision Industry Co. Ltd. (Foxconn) | 2,660,000 | 10,676,164 | |
| Insight Enterprises, Inc. (a) | 82,748 | 8,513,942 | |
| Jabil, Inc. | 1,884,797 | 116,442,759 | |
| Kingboard Chemical Holdings Ltd. | 1,500,000 | 7,377,097 | |
| Kitron ASA | 250,000 | 550,939 | |
| Makus, Inc. (g) | 1,300,684 | 6,958,500 | |
| Methode Electronics, Inc. Class A | 200,000 | 9,314,000 | |
| New Cosmos Electric Co. Ltd. | 20,000 | 393,219 | |
| PAX Global Technology Ltd. | 10,000,000 | 12,343,377 | |
| Redington (India) Ltd. | 1,034,288 | 2,186,933 | |
| Riken Kieki Co. Ltd. | 110,000 | 2,841,613 | |
| ScanSource, Inc. (a) | 119,631 | 4,256,471 | |
| SYNNEX Corp. | 5,000 | 635,350 | |
| TE Connectivity Ltd. | 545,400 | 81,929,988 | |
| Thinking Electronic Industries Co. Ltd. | 600,000 | 4,208,852 | |
| Vontier Corp. | 515,629 | 18,753,427 | |
| 422,059,021 | |||
| IT Services - 1.6% | |||
| Amadeus IT Holding SA Class A (a) | 234,000 | 14,290,003 | |
| Amdocs Ltd. | 666,100 | 51,309,683 | |
| Asahi Intelligence Service Co. | 35,000 | 416,761 | |
| Avant Corp. | 300,000 | 4,153,070 | |
| Capgemini SA | 159,100 | 35,721,070 | |
| CDS Co. Ltd. | 10,000 | 148,980 | |
| Cielo SA | 625,000 | 346,900 | |
| Cognizant Technology Solutions Corp. Class A | 861,800 | 65,763,958 | |
| CSE Global Ltd. | 1,349,925 | 471,914 | |
| Data Applications Co. Ltd. | 20,000 | 292,687 | |
| Dlocal Ltd. | 142,100 | 9,094,400 | |
| DTS Corp. | 275,000 | 6,391,628 | |
| DXC Technology Co. (a) | 200,000 | 7,344,000 | |
| E-Credible Co. Ltd. | 127,100 | 2,297,639 | |
| E-Guardian, Inc. | 10,000 | 300,868 | |
| Edenred SA | 318,059 | 18,026,312 | |
| Enea Data AB (a) | 67,600 | 1,735,151 | |
| FDM Group Holdings PLC | 5,000 | 87,440 | |
| Fidelity National Information Services, Inc. | 402,828 | 51,469,334 | |
| Fiserv, Inc. (a) | 432,300 | 50,920,617 | |
| Future Corp. | 35,000 | 780,075 | |
| Gartner, Inc. (a) | 89,800 | 27,724,852 | |
| Genpact Ltd. | 243,393 | 12,627,229 | |
| Global Payments, Inc. | 160,232 | 26,060,132 | |
| GoDaddy, Inc. (a) | 547,504 | 40,137,518 | |
| Hexaware Technologies Ltd. | 100,000 | 651,122 | |
| IBM Corp. | 58,082 | 8,151,228 | |
| IFIS Japan Ltd. | 30,000 | 184,611 | |
| Information Planning Co. Ltd. | 5,000 | 134,300 | |
| Kgmobilians Co. Ltd. | 5,000 | 44,439 | |
| Korea Information & Communication Co. Ltd. (a) | 250,407 | 2,000,827 | |
| MasterCard, Inc. Class A | 412,086 | 142,676,536 | |
| MongoDB, Inc. Class A (a) | 154,300 | 60,459,369 | |
| Nice Information & Telecom, Inc. | 6,500 | 181,443 | |
| PayPal Holdings, Inc. (a) | 384,838 | 111,087,337 | |
| Sabre Corp. (a) | 1,094,600 | 12,292,358 | |
| Snowflake Computing, Inc. | 6,000 | 1,826,100 | |
| Softcreate Co. Ltd. | 5,000 | 140,890 | |
| Square, Inc. (a) | 10,900 | 2,921,963 | |
| Sysage Technology Co. Ltd. | 50,000 | 70,690 | |
| TDC Soft, Inc. | 250,000 | 3,104,122 | |
| Tech Mahindra Ltd. | 50,000 | 992,207 | |
| Techmatrix Corp. | 1,000 | 17,952 | |
| Twilio, Inc. Class A (a) | 7,700 | 2,748,592 | |
| ULS Group, Inc. | 25,000 | 1,272,554 | |
| Unisys Corp. (a) | 547,300 | 13,250,133 | |
| Visa, Inc. Class A | 964,201 | 220,898,449 | |
| WEX, Inc. (a) | 124,000 | 22,762,680 | |
| Wix.com Ltd. (a) | 14,900 | 3,308,992 | |
| 1,039,091,115 | |||
| Semiconductors & Semiconductor Equipment - 1.1% | |||
| Advanced Micro Devices, Inc. (a) | 72,695 | 8,048,790 | |
| Analog Devices, Inc. | 60,726 | 9,895,302 | |
| Applied Materials, Inc. | 407,018 | 55,000,342 | |
| Cirrus Logic, Inc. (a) | 282,695 | 23,653,091 | |
| indie Semiconductor, Inc. (a)(b) | 182,200 | 1,840,220 | |
| Intel Corp. | 569,700 | 30,797,982 | |
| Lam Research Corp. | 50,500 | 30,543,410 | |
| Marvell Technology, Inc. | 703,111 | 43,023,362 | |
| Microchip Technology, Inc. | 120,600 | 18,977,616 | |
| Micron Technology, Inc. | 219,850 | 16,202,945 | |
| Miraial Co. Ltd. | 51,000 | 599,400 | |
| NVIDIA Corp. | 771,236 | 172,641,179 | |
| NXP Semiconductors NV | 493,442 | 106,154,177 | |
| ON Semiconductor Corp. (a) | 1,178,111 | 52,261,004 | |
| Qualcomm, Inc. | 825,850 | 121,143,937 | |
| Renesas Electronics Corp. (a) | 367,900 | 3,939,437 | |
| Semtech Corp. (a) | 71,400 | 4,992,288 | |
| Sitronix Technology Corp. | 100,000 | 1,066,676 | |
| SolarEdge Technologies, Inc. (a) | 88,100 | 25,529,618 | |
| Systems Technology, Inc. | 100,000 | 1,423,758 | |
| Teradyne, Inc. | 25,800 | 3,133,152 | |
| Topco Scientific Co. Ltd. | 341,000 | 1,633,732 | |
| Universal Display Corp. | 12,100 | 2,523,939 | |
| Xilinx, Inc. | 66,471 | 10,342,223 | |
| 745,367,580 | |||
| Software - 3.5% | |||
| Adobe, Inc. (a) | 103,500 | 68,692,950 | |
| Anaplan, Inc. (a) | 869,200 | 52,134,616 | |
| Asiainfo Technologies Ltd. (c) | 400,000 | 657,285 | |
| Autodesk, Inc. (a) | 230,728 | 71,546,446 | |
| Avalara, Inc. (a) | 35,500 | 6,379,350 | |
| Blackbaud, Inc. (a) | 374,133 | 26,073,329 | |
| CCC Intelligent Solutions Holdings, Inc. (e) | 134,385 | 1,480,923 | |
| CENIT AG | 20,000 | 357,767 | |
| Ceridian HCM Holding, Inc. (a) | 554,000 | 62,241,900 | |
| Check Point Software Technologies Ltd. (a) | 10,000 | 1,256,300 | |
| Cloudflare, Inc. (a) | 20,300 | 2,451,022 | |
| Cognyte Software Ltd. (a) | 602,319 | 16,551,726 | |
| Confluent, Inc. (b) | 23,700 | 1,325,067 | |
| Coupa Software, Inc. (a) | 16,000 | 3,916,960 | |
| Cresco Ltd. | 400,800 | 7,144,197 | |
| Cyient Ltd. | 1,200,000 | 16,078,464 | |
| Dynatrace, Inc. (a) | 167,202 | 11,491,793 | |
| Elastic NV (a) | 398,486 | 63,578,441 | |
| Encourage Technologies Co. Ltd. | 25,000 | 142,708 | |
| Envestnet, Inc. (a) | 100 | 7,987 | |
| Everbridge, Inc. (a) | 68,800 | 10,799,536 | |
| FireEye, Inc. (a) | 137,800 | 2,506,582 | |
| HubSpot, Inc. (a) | 28,500 | 19,507,395 | |
| Intuit, Inc. | 76,000 | 43,024,360 | |
| Lightspeed Commerce, Inc. | 75,900 | 8,438,562 | |
| LivePerson, Inc. (a) | 277,100 | 17,762,110 | |
| Microsoft Corp. | 3,862,467 | 1,166,001,538 | |
| Momentive Global, Inc. (a) | 2,113,353 | 41,442,852 | |
| NortonLifeLock, Inc. | 2,787,400 | 74,033,344 | |
| Nucleus Software Exports Ltd. | 16,048 | 121,365 | |
| Proofpoint, Inc. (a) | 326,520 | 57,467,520 | |
| PTC, Inc. (a) | 385,843 | 50,800,089 | |
| Qualtrics International, Inc. | 205,500 | 9,305,040 | |
| Salesforce.com, Inc. (a) | 461,770 | 122,493,728 | |
| SAP SE sponsored ADR | 421,191 | 63,237,617 | |
| Scala, Inc. | 25,000 | 164,523 | |
| ServiceNow, Inc. (a) | 44,000 | 28,320,160 | |
| Sinosoft Tech Group Ltd. | 23,000,000 | 3,282,567 | |
| System Information Co. Ltd. | 75,000 | 659,228 | |
| System Research Co. Ltd. | 186,400 | 3,424,209 | |
| Tenable Holdings, Inc. (a) | 746,578 | 33,125,666 | |
| Toho System Science Co. Ltd. | 12,100 | 105,366 | |
| Verint Systems, Inc. (a) | 74,600 | 3,330,144 | |
| Workday, Inc. Class A (a) | 137,423 | 37,538,467 | |
| Workiva, Inc. (a) | 186,200 | 26,118,274 | |
| Yext, Inc. (a) | 1,512,988 | 20,455,598 | |
| Zendesk, Inc. (a) | 316,367 | 39,102,961 | |
| Zensar Technologies Ltd. | 25,000 | 154,316 | |
| Zoom Video Communications, Inc. Class A (a) | 12,200 | 3,531,900 | |
| 2,299,764,248 | |||
| Technology Hardware, Storage & Peripherals - 1.3% | |||
| ABKO Co. Ltd. (a) | 1,000 | 15,359 | |
| Apple, Inc. | 5,014,966 | 761,422,288 | |
| Dell Technologies, Inc. (a) | 500,000 | 48,730,000 | |
| Elecom Co. Ltd. | 115,000 | 1,862,746 | |
| HP, Inc. | 504,398 | 15,000,797 | |
| MCJ Co. Ltd. | 2,100,000 | 23,421,352 | |
| Samsung Electronics Co. Ltd. | 101,720 | 6,732,151 | |
| TSC Auto ID Technology Corp. | 172,000 | 1,340,252 | |
| Western Digital Corp. (a) | 412,621 | 26,077,647 | |
| 884,602,592 | |||
| TOTAL INFORMATION TECHNOLOGY | 5,520,669,536 | ||
| MATERIALS - 1.3% | |||
| Chemicals - 0.5% | |||
| C. Uyemura & Co. Ltd. | 150,000 | 6,176,430 | |
| CF Industries Holdings, Inc. | 30,000 | 1,362,600 | |
| Ciner Resources LP (a) | 25,000 | 314,250 | |
| DuPont de Nemours, Inc. | 1,159,681 | 85,839,588 | |
| EcoGreen International Group Ltd. | 300,000 | 69,046 | |
| Element Solutions, Inc. | 1,216,300 | 27,646,499 | |
| International Flavors & Fragrances, Inc. | 242,021 | 36,666,182 | |
| Isamu Paint Co. Ltd. | 5,000 | 161,569 | |
| K+S AG | 200,000 | 2,850,331 | |
| KPX Holdings Corp. | 7,154 | 411,126 | |
| Linde PLC | 259,200 | 81,541,728 | |
| Livent Corp. (a) | 64,700 | 1,609,089 | |
| Olin Corp. | 1,062,500 | 52,955,000 | |
| PPG Industries, Inc. | 55,748 | 8,894,593 | |
| Scientex Bhd | 1,771,200 | 1,908,823 | |
| Scientex Bhd warrants 1/14/26 (a) | 118,080 | 42,324 | |
| SK Kaken Co. Ltd. | 5,000 | 1,929,282 | |
| Toho Acetylene Co. Ltd. | 125,000 | 1,839,522 | |
| Tokuyama Corp. | 14,280 | 285,561 | |
| Yara International ASA | 50,300 | 2,525,920 | |
| Yip's Chemical Holdings Ltd. | 450,000 | 285,826 | |
| 315,315,289 | |||
| Construction Materials - 0.2% | |||
| Kunimine Industries Co. Ltd. | 5,000 | 49,766 | |
| Mitani Sekisan Co. Ltd. | 16,400 | 942,126 | |
| Summit Materials, Inc. (a) | 2,274,300 | 76,575,681 | |
| Vertex Corp. | 20,000 | 551,743 | |
| Vicat SA | 2,000 | 99,537 | |
| Vulcan Materials Co. | 233,400 | 43,396,062 | |
| 121,614,915 | |||
| Containers & Packaging - 0.1% | |||
| Crown Holdings, Inc. | 637,930 | 70,038,335 | |
| Mayr-Melnhof Karton AG | 11,200 | 2,361,878 | |
| Silgan Holdings, Inc. | 18,100 | 767,983 | |
| Vidrala SA | 5,000 | 577,977 | |
| 73,746,173 | |||
| Metals & Mining - 0.5% | |||
| Anglo American PLC (United Kingdom) | 265,000 | 11,192,410 | |
| ArcelorMittal SA Class A unit (b) | 101,800 | 3,405,210 | |
| BHP Group Ltd. sponsored ADR (b) | 297,370 | 19,668,052 | |
| Chubu Steel Plate Co. Ltd. | 169,800 | 1,277,957 | |
| CI Resources Ltd. | 136,202 | 104,621 | |
| CK-SAN-ETSU Co. Ltd. | 55,000 | 1,664,773 | |
| Commercial Metals Co. | 992,200 | 32,365,564 | |
| Compania de Minas Buenaventura SA sponsored ADR (a) | 168,400 | 1,263,000 | |
| Daiki Aluminum Industry Co. Ltd. | 10,000 | 134,982 | |
| First Quantum Minerals Ltd. | 636,900 | 13,266,541 | |
| Freeport-McMoRan, Inc. | 3,676,844 | 133,800,353 | |
| Fresnillo PLC | 10,000 | 117,412 | |
| Glencore Xstrata PLC | 922,800 | 4,159,738 | |
| Labrador Iron Ore Royalty Corp. | 4,700 | 164,024 | |
| Lundin Mining Corp. | 5,530,100 | 44,708,929 | |
| Mount Gibson Iron Ltd. | 21,500,000 | 9,594,278 | |
| Newmont Corp. | 912,800 | 52,933,272 | |
| Pacific Metals Co. Ltd. (b) | 58,300 | 900,347 | |
| Perenti Global Ltd. | 3,500,411 | 2,240,635 | |
| Rio Tinto PLC sponsored ADR | 15,000 | 1,126,050 | |
| Sandfire Resources NL | 400,000 | 1,902,030 | |
| St Barbara Ltd. | 681,138 | 787,293 | |
| Teck Resources Ltd. Class B (sub. vtg.) | 300,000 | 6,764,951 | |
| Yamato Kogyo Co. Ltd. | 10,000 | 378,130 | |
| 343,920,552 | |||
| Paper & Forest Products - 0.0% | |||
| Louisiana-Pacific Corp. | 363,300 | 23,047,752 | |
| Stella-Jones, Inc. | 100,000 | 3,419,332 | |
| 26,467,084 | |||
| TOTAL MATERIALS | 881,064,013 | ||
| REAL ESTATE - 1.4% | |||
| Equity Real Estate Investment Trusts (REITs) - 1.0% | |||
| Alexandria Real Estate Equities, Inc. | 78,700 | 16,241,319 | |
| American Tower Corp. | 494,399 | 144,448,556 | |
| CoreSite Realty Corp. | 269,742 | 40,021,621 | |
| Corporate Office Properties Trust (SBI) | 87,900 | 2,477,022 | |
| CubeSmart | 390,400 | 20,886,400 | |
| CyrusOne, Inc. | 495,000 | 38,105,100 | |
| Digital Realty Trust, Inc. | 108,500 | 17,784,235 | |
| Douglas Emmett, Inc. | 229,000 | 7,559,290 | |
| Equinix, Inc. | 11,895 | 10,032,838 | |
| Equity Lifestyle Properties, Inc. | 261,200 | 22,220,284 | |
| Healthcare Trust of America, Inc. | 41,900 | 1,270,827 | |
| Invitation Homes, Inc. | 525,900 | 21,656,562 | |
| Kilroy Realty Corp. | 95,100 | 6,243,315 | |
| Lexington Corporate Properties Trust | 3,518,621 | 47,606,942 | |
| Mid-America Apartment Communities, Inc. | 139,300 | 26,797,141 | |
| Outfront Media, Inc. | 1,327,540 | 32,869,890 | |
| Plymouth Industrial REIT, Inc. | 1,315,800 | 31,000,248 | |
| Prologis (REIT), Inc. | 282,100 | 37,987,586 | |
| SBA Communications Corp. Class A | 33,000 | 11,846,010 | |
| Simon Property Group, Inc. | 583,794 | 78,491,103 | |
| Uniti Group, Inc. | 2,628,600 | 34,355,802 | |
| Ventas, Inc. | 159,400 | 8,916,836 | |
| VICI Properties, Inc. | 90,100 | 2,784,991 | |
| Weyerhaeuser Co. | 99,400 | 3,578,400 | |
| 665,182,318 | |||
| Real Estate Management & Development - 0.4% | |||
| Anabuki Kosan, Inc. | 25,000 | 459,710 | |
| Arealink Co. Ltd. | 100,000 | 1,282,552 | |
| CBRE Group, Inc. (a) | 1,386,600 | 133,529,580 | |
| Cushman & Wakefield PLC (a) | 1,908,400 | 34,618,376 | |
| Daito Trust Construction Co. Ltd. | 75,000 | 8,235,241 | |
| Howard Hughes Corp. (a) | 325,900 | 29,503,727 | |
| Jones Lang LaSalle, Inc. (a) | 45,200 | 10,957,836 | |
| Newmark Group, Inc. | 2,747,500 | 37,420,950 | |
| Nihon Housing Co. Ltd. | 11,500 | 439,031 | |
| Nisshin Group Holdings Co. | 64,700 | 295,815 | |
| Opendoor Technologies, Inc. (a)(b) | 719,900 | 12,763,827 | |
| Sun Frontier Fudousan Co. Ltd. | 50,000 | 519,929 | |
| Will Co. Ltd. | 10,000 | 32,087 | |
| 270,058,661 | |||
| TOTAL REAL ESTATE | 935,240,979 | ||
| UTILITIES - 1.5% | |||
| Electric Utilities - 1.1% | |||
| American Electric Power Co., Inc. | 204,000 | 18,272,280 | |
| Duke Energy Corp. | 680,200 | 71,189,732 | |
| Edison International | 230,300 | 13,320,552 | |
| Entergy Corp. | 389,000 | 43,027,290 | |
| Evergy, Inc. | 1,137,164 | 77,838,876 | |
| Exelon Corp. | 2,050,866 | 100,533,451 | |
| FirstEnergy Corp. | 382,900 | 14,883,323 | |
| Fjordkraft Holding ASA (c) | 1,000 | 6,188 | |
| NextEra Energy, Inc. | 452,200 | 37,980,278 | |
| NRG Energy, Inc. | 140,100 | 6,398,367 | |
| PG&E Corp. (a) | 8,616,946 | 79,017,395 | |
| Portland General Electric Co. | 699,300 | 35,909,055 | |
| PPL Corp. | 2,703,800 | 79,356,530 | |
| Southern Co. | 1,917,266 | 126,021,894 | |
| 703,755,211 | |||
| Gas Utilities - 0.0% | |||
| Busan City Gas Co. Ltd. | 60,816 | 3,106,646 | |
| China Resource Gas Group Ltd. | 764,000 | 4,636,584 | |
| Enagas SA | 56,000 | 1,273,840 | |
| Hokuriku Gas Co. | 6,200 | 176,958 | |
| Keiyo Gas Co. Ltd. | 3,000 | 91,351 | |
| Seoul City Gas Co. Ltd. | 13,199 | 1,788,104 | |
| South Jersey Industries, Inc. | 771,100 | 19,130,991 | |
| YESCO Co. Ltd. | 25,028 | 824,977 | |
| 31,029,451 | |||
| Independent Power and Renewable Electricity Producers - 0.1% | |||
| Brookfield Renewable Corp. (b) | 407,600 | 17,856,956 | |
| NextEra Energy Partners LP | 12,798 | 1,022,944 | |
| Sunnova Energy International, Inc. (a) | 449,800 | 16,282,760 | |
| The AES Corp. | 596,300 | 14,233,681 | |
| 49,396,341 | |||
| Multi-Utilities - 0.3% | |||
| CenterPoint Energy, Inc. | 582,044 | 14,603,484 | |
| Dominion Energy, Inc. | 1,420,317 | 110,557,475 | |
| MDU Resources Group, Inc. | 1,050,200 | 33,784,934 | |
| NiSource, Inc. | 337,500 | 8,319,375 | |
| Public Service Enterprise Group, Inc. | 136,083 | 8,701,147 | |
| Sempra Energy | 163,900 | 21,693,804 | |
| 197,660,219 | |||
| TOTAL UTILITIES | 981,841,222 | ||
| TOTAL COMMON STOCKS | |||
| (Cost $21,097,395,889) | 29,184,087,642 | ||
| Nonconvertible Preferred Stocks - 0.2% | |||
| CONSUMER DISCRETIONARY - 0.0% | |||
| Automobiles - 0.0% | |||
| Porsche Automobil Holding SE (Germany) | 180,000 | 18,210,266 | |
| INDUSTRIALS - 0.0% | |||
| Aerospace & Defense - 0.0% | |||
| Embraer SA sponsored ADR (a) | 534,300 | 9,585,342 | |
| INFORMATION TECHNOLOGY - 0.2% | |||
| Technology Hardware, Storage & Peripherals - 0.2% | |||
| Samsung Electronics Co. Ltd. | 1,525,390 | 93,189,357 | |
| TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
| (Cost $87,300,767) | 120,984,965 | ||
| Equity Funds - 54.9% | |||
| Large Blend Funds - 6.6% | |||
| Fidelity SAI U.S. Large Cap Index Fund (h) | 81,830,707 | 1,952,480,657 | |
| Fidelity SAI U.S. Low Volatility Index Fund (h) | 126,416,756 | 2,418,352,534 | |
| TOTAL LARGE BLEND FUNDS | 4,370,833,191 | ||
| Large Growth Funds - 35.6% | |||
| Fidelity Contrafund (h) | 203,747,851 | 4,081,069,461 | |
| Fidelity Growth Company Fund (h) | 170,145,089 | 6,787,087,611 | |
| Fidelity Magellan Fund (h) | 215,591,325 | 3,233,869,871 | |
| Fidelity SAI U.S. Momentum Index Fund (h) | 88,421,916 | 1,742,795,959 | |
| Fidelity SAI U.S. Quality Index Fund (h) | 389,038,042 | 7,679,610,940 | |
| TOTAL LARGE GROWTH FUNDS | 23,524,433,842 | ||
| Large Value Funds - 8.5% | |||
| Fidelity Large Cap Value Enhanced Index Fund (h) | 183,630,797 | 3,173,140,177 | |
| Fidelity SAI U.S. Value Index Fund (h) | 198,887,549 | 2,484,105,490 | |
| TOTAL LARGE VALUE FUNDS | 5,657,245,667 | ||
| Small Blend Funds - 3.3% | |||
| Fidelity Small Cap Discovery Fund (h) | 15,892,459 | 480,587,958 | |
| Fidelity Small Cap Index Fund (h) | 57,892,515 | 1,670,777,990 | |
| TOTAL SMALL BLEND FUNDS | 2,151,365,948 | ||
| Small Growth Funds - 0.9% | |||
| Fidelity Advisor Small Cap Growth Fund - Class Z (h) | 15,072,919 | 596,736,863 | |
| TOTAL EQUITY FUNDS | |||
| (Cost $26,001,401,047) | 36,300,615,511 | ||
| Other - 0.0% | |||
| Commodity Funds - Broad Basket - 0.0% | |||
| Fidelity SAI Inflation-Focused Fund (h) | |||
| (Cost $6,768,588) | 858,825 | 11,310,724 | |
| Money Market Funds - 0.9% | |||
| Fidelity Cash Central Fund 0.06% (i) | 490,939,052 | 491,037,240 | |
| Fidelity Securities Lending Cash Central Fund 0.06% (i)(j) | 133,360,684 | 133,374,020 | |
| TOTAL MONEY MARKET FUNDS | |||
| (Cost $624,407,499) | 624,411,260 | ||
| TOTAL INVESTMENT IN SECURITIES - 100.1% | |||
| (Cost $47,817,273,790) | 66,241,410,102 | ||
| NET OTHER ASSETS (LIABILITIES) - (0.1)% | (72,537,621) | ||
| NET ASSETS - 100% | $66,168,872,481 |
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $43,217,133 or 0.1% of net assets.
(d) Level 3 security
(e) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $35,112,138 or 0.1% of net assets.
(f) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(g) Affiliated company
(h) Affiliated Fund
(i) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(j) Investment made with cash collateral received from securities on loan.
Additional information on each restricted holding is as follows:
| Security | Acquisition Date | Acquisition Cost |
| CCC Intelligent Solutions Holdings, Inc. | 2/2/21 | $1,343,850 |
| Juniper Industrial Holdings, Inc. | 12/21/20 | $11,145,380 |
| Vertiv Holdings LLC | 2/6/20 | $6,000,000 |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
| Fund | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
| Fidelity Cash Central Fund 0.06% | $469,648,079 | $1,351,979,896 | $1,330,590,735 | $66,156 | $-- | $-- | $491,037,240 | 0.8% |
| Fidelity Securities Lending Cash Central Fund 0.06% | 173,683,379 | 385,781,940 | 426,091,299 | 328,533 | -- | -- | 133,374,020 | 0.4% |
| Total | $643,331,458 | $1,737,761,836 | $1,756,682,034 | $394,689 | $-- | $-- | $624,411,260 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur. If an underlying Fund changes its name, the name presented below is the name in effect at period end.
| Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
| Fidelity Advisor Small Cap Growth Fund - Class Z | $-- | $-- | $-- | $-- | $-- | $154,986,297 | $596,736,863 |
| Fidelity Contrafund | 3,354,370,561 | 325,000,000 | -- | -- | -- | 401,698,900 | 4,081,069,461 |
| Fidelity Growth Company Fund | 5,718,686,749 | 320,000,001 | -- | -- | -- | 748,400,861 | 6,787,087,611 |
| Fidelity Large Cap Value Enhanced Index Fund | 3,116,214,629 | -- | -- | -- | -- | 56,925,548 | 3,173,140,177 |
| Fidelity Magellan Fund | 2,787,054,916 | 70,000,000 | -- | -- | -- | 376,814,955 | 3,233,869,871 |
| Fidelity SAI Inflation-Focused Fund | 10,795,429 | -- | -- | -- | -- | 515,295 | 11,310,724 |
| Fidelity SAI U.S. Large Cap Index Fund | 1,279,013,129 | 2,905,932,206 | 2,320,887,810 | -- | 304,931,584 | (216,508,452) | 1,952,480,657 |
| Fidelity SAI U.S. Low Volatility Index Fund | 2,108,242,671 | 145,000,000 | -- | -- | -- | 165,109,863 | 2,418,352,534 |
| Fidelity SAI U.S. Momentum Index Fund | 1,526,869,335 | 50,000,000 | -- | -- | -- | 165,926,624 | 1,742,795,959 |
| Fidelity SAI U.S. Quality Index Fund | 6,488,426,308 | 370,000,006 | -- | -- | -- | 821,184,626 | 7,679,610,940 |
| Fidelity SAI U.S. Value Index Fund | 2,410,798,537 | 49,999,999 | -- | -- | -- | 23,306,954 | 2,484,105,490 |
| Fidelity Small Cap Discovery Fund | 466,394,048 | 13,757,391 | -- | 13,757,391 | -- | 436,519 | 480,587,958 |
| Fidelity Small Cap Growth Fund | 546,324,788 | -- | -- | -- | -- | (104,574,222) | -- |
| Fidelity Small Cap Index Fund | 2,007,379,429 | 29,796,744 | 370,828,486 | 4,796,743 | 77,858,976 | (73,428,673) | 1,670,777,990 |
| Total | $31,820,570,529 | $4,279,486,347 | $2,691,716,296 | $18,554,134 | $382,790,560 | $2,520,795,095 | $36,311,926,235 |
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:
| Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
| Makus, Inc. | $8,085,051 | $-- | $-- | $-- | $-- | $(1,126,550) | $6,958,500 |
| Total | $8,085,051 | $-- | $-- | $-- | $-- | $(1,126,550) | $6,958,500 |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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