0001752724-24-116537.txt : 20240523 0001752724-24-116537.hdr.sgml : 20240523 20240523165708 ACCESSION NUMBER: 0001752724-24-116537 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240523 DATE AS OF CHANGE: 20240523 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY SALEM STREET TRUST CENTRAL INDEX KEY: 0000035315 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-02105 FILM NUMBER: 24979320 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FIXED INCOME TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FLEXIBLE BOND FUND DATE OF NAME CHANGE: 19860904 FORMER COMPANY: 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549300U6ZVYFCWNBJ613 XOMA CORPORATION 98419J206 5411.00000000 NS USD 130134.55000000 0.013183573637 Long EC CORP US N 1 N N EVENTBRITE INC 549300N6XBV2B1FAUF55 EVENTBRITE INC 29975E109 5680.00000000 NS USD 31126.40000000 0.003153330045 Long EC CORP US N 1 N N N KLX ENERGY SERVICES HOLDINGS INC 5493004D4S7MAO1H3U27 KLX ENERGY SERVICES HOLDINGS INC W/I 48253L205 7717.00000000 NS USD 59729.58000000 0.006051039606 Long EC CORP US N 1 N N OMNICELL INC 5493008RH0GTKHHPZI77 OMNICELL INC 68213N109 16692.00000000 NS USD 487907.16000000 0.049428533561 Long EC CORP US N 1 N N N TPG RE FINANCE TRUST INC N/A TPG RE FINANCE TRUST INC 87266M107 51941.00000000 NS USD 400984.52000000 0.040622639775 Long EC CORP US N 1 N N N JAKKS PACIFIC INC 549300UEF3348JRXQ295 JAKKS PACIFIC INC 47012E403 5564.00000000 NS USD 137430.80000000 0.013922736674 Long EC CORP US N 1 N N N VIAVI SOLUTIONS INC 5493006K3E3N1QOBF092 VIAVI SOLUTIONS INC 925550105 28764.00000000 NS USD 261464.76000000 0.026488276303 Long EC CORP US N 1 N N N SOUTHWEST GAS HOLDINGS INC 254900LKF9EV0CUKNE09 SOUTHWEST GAS HOLDINGS INC 844895102 46218.00000000 NS USD 3518576.34000000 0.356457299601 Long EC CORP US N 1 N N N HOPE BANCORP INC 549300UTF4QGMBHIZ219 HOPE BANCORP INC 43940T109 85602.00000000 NS USD 985279.02000000 0.099815909869 Long EC CORP US N 1 N N N 2024-04-30 Laura M. Del Prato Laura M. Del Prato Laura M. Del Prato President and Treasurer XXXX NPORT-EX 2 QTLY_3406_20240331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Small Cap Value Index Fund
March 31, 2024
SVI-NPRT3-0524
1.9896351.104
Common Stocks - 99.8%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 2.4%
 
 
 
Diversified Telecommunication Services - 0.4%
 
 
 
Anterix, Inc. (a)
 
896
30,115
ATN International, Inc.
 
7,966
250,969
Bandwidth, Inc. (a)
 
13,369
244,118
Cogent Communications Group, Inc.
 
12,023
785,463
Consolidated Communications Holdings, Inc. (a)
 
47,278
204,241
Globalstar, Inc. (a)(b)
 
67,762
99,610
IDT Corp. Class B
 
2,512
94,979
Liberty Latin America Ltd.:
 
 
 
 Class A (a)
 
12,831
89,432
 Class C (a)
 
113,094
790,527
Lumen Technologies, Inc. (a)(b)
 
744,822
1,161,922
Shenandoah Telecommunications Co.
 
35,700
620,109
 
 
 
4,371,485
Entertainment - 0.3%
 
 
 
Cinemark Holdings, Inc. (a)(b)
 
13,283
238,696
Eventbrite, Inc. (a)
 
5,680
31,126
Lions Gate Entertainment Corp.:
 
 
 
 Class A (a)(b)
 
3,682
36,636
 Class B (a)
 
38,927
362,410
Madison Square Garden Entertainment Corp.
 
4,460
174,877
Marcus Corp. (b)
 
17,196
245,215
Playstudios, Inc. Class A (a)
 
63,937
177,745
Reservoir Media, Inc. (a)
 
14,180
112,447
Sphere Entertainment Co. (a)(b)
 
19,715
967,612
Vivid Seats, Inc. Class A (a)
 
38,732
232,005
 
 
 
2,578,769
Interactive Media & Services - 0.4%
 
 
 
Bumble, Inc. (a)
 
74,854
849,593
DHI Group, Inc. (a)
 
31,999
81,597
EverQuote, Inc. Class A (a)
 
1,332
24,722
fuboTV, Inc. (a)(b)
 
210,660
332,843
MediaAlpha, Inc. Class A (a)
 
2,953
60,153
Nextdoor Holdings, Inc. (a)
 
45,171
101,635
Outbrain, Inc. (a)
 
29,434
116,264
System1, Inc. (a)
 
24,384
47,793
TrueCar, Inc. (a)
 
66,696
226,099
Vimeo, Inc. (a)
 
99,772
408,067
Ziff Davis, Inc. (a)
 
25,980
1,637,779
 
 
 
3,886,545
Media - 1.1%
 
 
 
Advantage Solutions, Inc. Class A (a)(b)
 
65,270
282,619
AMC Networks, Inc. Class A (a)
 
22,844
277,098
Boston Omaha Corp. (a)
 
16,358
252,895
Cardlytics, Inc. (a)
 
27,052
391,983
Clear Channel Outdoor Holdings, Inc. (a)
 
277,297
457,540
Daily Journal Corp. (a)
 
843
304,837
E.W. Scripps Co. Class A (a)
 
23,079
90,700
EchoStar Corp. Class A (a)(b)
 
90,125
1,284,281
Emerald Holding, Inc. (a)
 
12,448
84,771
Gannett Co., Inc. (a)
 
106,414
259,650
Gray Television, Inc.
 
59,077
373,367
iHeartMedia, Inc. (a)
 
77,500
161,975
John Wiley & Sons, Inc. Class A
 
26,628
1,015,326
Magnite, Inc. (a)
 
57,889
622,307
PubMatic, Inc. (a)
 
25,502
604,907
Scholastic Corp.
 
19,186
723,504
Sinclair, Inc. Class A
 
20,881
281,267
Stagwell, Inc. (a)
 
61,967
385,435
TEGNA, Inc.
 
146,512
2,188,889
Thryv Holdings, Inc. (a)
 
22,812
507,111
Urban One, Inc.:
 
 
 
 Class A (a)
 
2,831
7,644
 Class D (non-vtg.) (a)
 
11,120
22,685
WideOpenWest, Inc. (a)
 
36,236
131,174
 
 
 
10,711,965
Wireless Telecommunication Services - 0.2%
 
 
 
Gogo, Inc. (a)
 
44,341
389,314
Spok Holdings, Inc.
 
13,623
217,287
Telephone & Data Systems, Inc.
 
73,184
1,172,408
 
 
 
1,779,009
TOTAL COMMUNICATION SERVICES
 
 
23,327,773
CONSUMER DISCRETIONARY - 11.1%
 
 
 
Automobile Components - 1.4%
 
 
 
Adient PLC (a)
 
67,595
2,225,227
American Axle & Manufacturing Holdings, Inc. (a)
 
83,929
617,717
Atmus Filtration Technologies, Inc.
 
23,614
761,552
Cooper-Standard Holding, Inc. (a)
 
8,639
143,062
Dana, Inc.
 
96,117
1,220,686
Holley, Inc. (a)
 
39,192
174,796
LCI Industries
 
11,416
1,404,853
Modine Manufacturing Co. (a)
 
13,819
1,315,431
Patrick Industries, Inc.
 
13,766
1,644,624
Solid Power, Inc. (a)(b)
 
115,248
233,953
Standard Motor Products, Inc.
 
15,076
505,800
Stoneridge, Inc. (a)
 
15,607
287,793
The Goodyear Tire & Rubber Co. (a)
 
208,427
2,861,703
 
 
 
13,397,197
Automobiles - 0.2%
 
 
 
Winnebago Industries, Inc.
 
21,134
1,563,916
Workhorse Group, Inc. (a)(b)
 
161,173
37,811
 
 
 
1,601,727
Broadline Retail - 0.0%
 
 
 
Big Lots, Inc.
 
20,983
90,856
ContextLogic, Inc. (a)(b)
 
16,932
96,343
Savers Value Village, Inc. (b)
 
9,489
182,948
 
 
 
370,147
Distributors - 0.0%
 
 
 
Weyco Group, Inc.
 
4,526
144,289
Diversified Consumer Services - 0.7%
 
 
 
2U, Inc. (a)
 
58,609
22,840
Adtalem Global Education, Inc. (a)
 
29,037
1,492,502
Chegg, Inc. (a)
 
11,407
86,351
European Wax Center, Inc. (a)(b)
 
1,739
22,572
Graham Holdings Co.
 
2,580
1,980,614
Laureate Education, Inc. Class A
 
14,833
216,117
Lincoln Educational Services Corp. (a)
 
17,912
185,031
Perdoceo Education Corp.
 
48,272
847,656
Strategic Education, Inc.
 
16,816
1,750,882
Universal Technical Institute, Inc. (a)
 
24,250
386,545
WW International, Inc. (a)
 
40,439
74,812
 
 
 
7,065,922
Hotels, Restaurants & Leisure - 0.9%
 
 
 
Bally's Corp. (a)
 
9,787
136,431
Biglari Holdings, Inc. Class B (a)
 
537
101,858
BJ's Restaurants, Inc. (a)
 
6,225
225,221
Bowlero Corp. Class A (b)
 
1,749
23,961
Brinker International, Inc. (a)
 
2,591
128,721
Carrols Restaurant Group, Inc.
 
25,828
245,624
Century Casinos, Inc. (a)
 
2,553
8,067
Chuy's Holdings, Inc. (a)
 
2,221
74,914
Denny's Corp. (a)
 
7,460
66,842
Dine Brands Global, Inc.
 
1,164
54,103
El Pollo Loco Holdings, Inc. (a)
 
19,901
193,836
Empire Resorts, Inc. (c)
 
41
0
Everi Holdings, Inc. (a)
 
22,920
230,346
First Watch Restaurant Group, Inc. (a)
 
9,975
245,585
Full House Resorts, Inc. (a)
 
3,102
17,278
Krispy Kreme, Inc. (b)
 
43,934
669,334
Life Time Group Holdings, Inc. (a)(b)
 
22,767
353,344
Light & Wonder, Inc. Class A (a)
 
35,559
3,630,218
Lindblad Expeditions Holdings (a)
 
23,615
220,328
Mondee Holdings, Inc. (a)(b)
 
4,808
11,106
Nathan's Famous, Inc.
 
10
708
Papa John's International, Inc. (b)
 
5,251
349,717
Red Rock Resorts, Inc.
 
16,133
965,076
Sabre Corp. (a)
 
183,229
443,414
Six Flags Entertainment Corp. (a)
 
11,162
293,784
Sweetgreen, Inc. Class A (a)
 
14,210
358,945
United Parks & Resorts, Inc. (a)
 
1,387
77,963
Xponential Fitness, Inc. (a)
 
2,523
41,730
 
 
 
9,168,454
Household Durables - 3.6%
 
 
 
Beazer Homes U.S.A., Inc. (a)
 
21,882
717,730
Century Communities, Inc.
 
21,108
2,036,922
Dream Finders Homes, Inc. (a)(b)
 
10,803
472,415
Ethan Allen Interiors, Inc.
 
17,014
588,174
GoPro, Inc. Class A (a)
 
91,404
203,831
Green Brick Partners, Inc. (a)
 
13,048
785,881
Helen of Troy Ltd. (a)
 
17,613
2,029,722
Hooker Furnishings Corp.
 
7,801
187,302
Hovnanian Enterprises, Inc. Class A (a)
 
3,626
569,064
iRobot Corp. (a)(b)
 
1,650
14,454
KB Home
 
50,504
3,579,724
La-Z-Boy, Inc.
 
32,087
1,207,113
Landsea Homes Corp. (a)
 
14,770
214,608
Legacy Housing Corp. (a)
 
7,834
168,588
LGI Homes, Inc. (a)
 
14,230
1,655,945
M.D.C. Holdings, Inc.
 
44,444
2,795,972
M/I Homes, Inc. (a)
 
20,009
2,727,027
Meritage Homes Corp.
 
27,001
4,737,595
Purple Innovation, Inc.
 
40,340
70,192
Skyline Champion Corp. (a)
 
17,746
1,508,587
Snap One Holdings Corp. (a)
 
13,823
119,154
Taylor Morrison Home Corp. (a)
 
76,791
4,774,096
Traeger, Inc. (a)
 
27,114
68,598
TRI Pointe Homes, Inc. (a)
 
71,266
2,755,144
United Homes Group, Inc. (a)(b)
 
4,010
28,030
Vizio Holding Corp. (a)
 
6,175
67,555
VOXX International Corp. (a)
 
8,645
70,543
Worthington Enterprises, Inc.
 
22,848
1,421,831
 
 
 
35,575,797
Leisure Products - 0.5%
 
 
 
AMMO, Inc. (a)
 
66,507
182,894
Clarus Corp.
 
20,507
138,422
Escalade, Inc.
 
6,968
95,810
Funko, Inc. (a)
 
8,547
53,333
JAKKS Pacific, Inc. (a)
 
5,564
137,431
Johnson Outdoors, Inc. Class A
 
3,894
179,552
Latham Group, Inc. (a)
 
29,356
116,250
Malibu Boats, Inc. Class A (a)
 
5,919
256,174
Smith & Wesson Brands, Inc.
 
33,650
584,164
Solo Brands, Inc. Class A (a)(b)
 
4,142
8,988
Sturm, Ruger & Co., Inc.
 
814
37,566
Topgolf Callaway Brands Corp. (a)
 
106,687
1,725,129
Vista Outdoor, Inc. (a)
 
42,761
1,401,706
 
 
 
4,917,419
Specialty Retail - 3.5%
 
 
 
1-800-FLOWERS.com, Inc. Class A (a)
 
19,080
206,636
Abercrombie & Fitch Co. Class A (a)
 
17,490
2,192,022
America's Car Mart, Inc. (a)
 
4,307
275,088
American Eagle Outfitters, Inc.
 
105,095
2,710,400
Asbury Automotive Group, Inc. (a)
 
15,365
3,622,760
BARK, Inc. (a)(b)
 
99,437
123,302
Beyond, Inc. (a)(b)
 
33,529
1,204,026
Big 5 Sporting Goods Corp.
 
16,236
57,151
Build-A-Bear Workshop, Inc.
 
2,102
62,787
Caleres, Inc.
 
25,253
1,036,131
Carvana Co. Class A (a)
 
42,812
3,763,603
Designer Brands, Inc. Class A
 
31,377
342,951
Destination XL Group, Inc. (a)
 
41,860
150,696
Duluth Holdings, Inc. (a)
 
8,603
42,155
EVgo, Inc. Class A (a)(b)
 
65,969
165,582
Foot Locker, Inc.
 
60,880
1,735,080
Genesco, Inc. (a)
 
8,085
227,512
Group 1 Automotive, Inc.
 
10,124
2,958,537
GrowGeneration Corp. (a)(b)
 
43,062
123,157
Guess?, Inc.
 
18,683
587,954
Haverty Furniture Companies, Inc.
 
10,919
372,556
Hibbett, Inc.
 
1,487
114,216
J. Jill, Inc. (a)
 
3,229
103,231
Lands' End, Inc. (a)
 
10,838
118,026
Lazydays Holdings, Inc. (a)(b)
 
5,711
23,015
Leslie's, Inc. (a)(b)
 
119,937
779,591
MarineMax, Inc. (a)
 
16,190
538,479
Monro, Inc.
 
21,992
693,628
National Vision Holdings, Inc. (a)
 
53,364
1,182,546
OneWater Marine, Inc. Class A (a)(b)
 
8,613
242,456
PetMed Express, Inc. (b)
 
16,151
77,363
Rent the Runway, Inc. Class A (a)(b)
 
36,722
12,684
Sally Beauty Holdings, Inc. (a)
 
4,579
56,871
Shoe Carnival, Inc.
 
13,581
497,608
Signet Jewelers Ltd.
 
32,400
3,242,268
Sleep Number Corp. (a)
 
7,375
118,221
Sonic Automotive, Inc. Class A (sub. vtg.)
 
10,818
615,977
Sportsman's Warehouse Holdings, Inc. (a)
 
26,819
83,407
Stitch Fix, Inc. (a)
 
33,772
89,158
The Aaron's Co., Inc.
 
22,120
165,900
The Cato Corp. Class A (sub. vtg.)
 
12,641
72,939
The Children's Place, Inc. (a)
 
8,789
101,425
The ODP Corp. (a)
 
23,552
1,249,434
thredUP, Inc. (a)(b)
 
44,619
89,238
Tile Shop Holdings, Inc. (a)
 
21,477
150,983
Tilly's, Inc. (a)
 
15,280
103,904
Upbound Group, Inc.
 
2,515
88,553
Urban Outfitters, Inc. (a)
 
31,486
1,367,122
Winmark Corp.
 
2,085
754,145
Zumiez, Inc. (a)
 
11,498
174,655
 
 
 
34,867,129
Textiles, Apparel & Luxury Goods - 0.3%
 
 
 
Allbirds, Inc. Class A (a)
 
73,979
51,349
Figs, Inc. Class A (a)(b)
 
11,347
56,508
Fossil Group, Inc. (a)
 
32,134
32,777
G-III Apparel Group Ltd. (a)
 
30,580
887,126
Hanesbrands, Inc. (a)(b)
 
86,085
499,293
Movado Group, Inc.
 
11,380
317,843
Oxford Industries, Inc.
 
2,745
308,538
Rocky Brands, Inc.
 
4,847
131,499
Vera Bradley, Inc. (a)
 
18,663
126,908
Wolverine World Wide, Inc.
 
5,416
60,713
 
 
 
2,472,554
TOTAL CONSUMER DISCRETIONARY
 
 
109,580,635
CONSUMER STAPLES - 2.2%
 
 
 
Beverages - 0.2%
 
 
 
Duckhorn Portfolio, Inc. (a)
 
31,920
297,175
Primo Water Corp.
 
100,168
1,824,059
Zevia PBC (a)(b)
 
9,560
11,185
 
 
 
2,132,419
Consumer Staples Distribution & Retail - 0.5%
 
 
 
Andersons, Inc.
 
23,974
1,375,388
HF Foods Group, Inc. (a)
 
29,949
104,822
Ingles Markets, Inc. Class A
 
10,410
798,239
Natural Grocers by Vitamin Cottage, Inc.
 
7,020
126,711
PriceSmart, Inc.
 
5,578
468,552
SpartanNash Co.
 
25,516
515,678
United Natural Foods, Inc. (a)
 
43,666
501,722
Village Super Market, Inc. Class A
 
6,370
182,246
Weis Markets, Inc.
 
12,186
784,778
 
 
 
4,858,136
Food Products - 0.4%
 
 
 
Alico, Inc.
 
5,191
151,992
B&G Foods, Inc. Class A
 
57,625
659,230
Benson Hill, Inc. (a)(b)
 
129,318
25,928
BRC, Inc. Class A (a)(b)
 
2,624
11,231
Cal-Maine Foods, Inc.
 
2,102
123,703
Dole PLC
 
22,791
271,897
Forafric Global PLC (a)(b)
 
2,921
30,262
Fresh Del Monte Produce, Inc.
 
25,064
649,408
Limoneira Co.
 
13,140
257,018
Mission Produce, Inc. (a)
 
30,851
366,201
Seneca Foods Corp. Class A (a)
 
3,566
202,905
SunOpta, Inc. (a)
 
4,043
27,775
The Hain Celestial Group, Inc. (a)
 
65,683
516,268
TreeHouse Foods, Inc. (a)
 
33,151
1,291,231
 
 
 
4,585,049
Household Products - 0.2%
 
 
 
Central Garden & Pet Co. (a)
 
6,758
289,445
Central Garden & Pet Co. Class A (non-vtg.)
 
38,735
1,430,096
Oil-Dri Corp. of America
 
2,768
206,382
 
 
 
1,925,923
Personal Care Products - 0.7%
 
 
 
BellRing Brands, Inc. (a)
 
71,416
4,215,686
Edgewell Personal Care Co.
 
36,796
1,421,797
Herbalife Ltd. (a)
 
19,269
193,653
Nature's Sunshine Products, Inc. (a)
 
9,742
202,341
Nu Skin Enterprises, Inc. Class A
 
36,692
507,450
Waldencast PLC (a)
 
20,292
131,898
 
 
 
6,672,825
Tobacco - 0.2%
 
 
 
Universal Corp.
 
18,080
935,098
Vector Group Ltd.
 
88,911
974,465
 
 
 
1,909,563
TOTAL CONSUMER STAPLES
 
 
22,083,915
ENERGY - 9.9%
 
 
 
Energy Equipment & Services - 2.2%
 
 
 
Archrock, Inc.
 
84,774
1,667,505
Atlas Energy Solutions, Inc. (b)
 
11,272
254,973
Bristow Group, Inc. (a)
 
17,208
468,058
Core Laboratories, Inc. (b)
 
23,270
397,452
Diamond Offshore Drilling, Inc. (a)
 
75,298
1,027,065
DMC Global, Inc. (a)
 
9,920
193,341
Dril-Quip, Inc. (a)
 
25,132
566,224
Expro Group Holdings NV (a)
 
41,567
830,093
Forum Energy Technologies, Inc. (a)
 
6,984
139,540
Helix Energy Solutions Group, Inc. (a)
 
106,020
1,149,257
Helmerich & Payne, Inc.
 
72,310
3,041,359
KLX Energy Services Holdings, Inc. (a)(b)
 
7,717
59,730
Kodiak Gas Services, Inc.
 
7,806
213,416
Liberty Oilfield Services, Inc. Class A
 
114,715
2,376,895
Mammoth Energy Services, Inc. (a)
 
15,377
55,972
Nabors Industries Ltd. (a)(b)
 
566
48,750
Newpark Resources, Inc. (a)
 
54,899
396,371
Noble Corp. PLC
 
14,449
700,632
Oil States International, Inc. (a)
 
45,243
278,697
Patterson-UTI Energy, Inc.
 
246,894
2,947,914
ProFrac Holding Corp. (a)(b)
 
15,028
125,634
ProPetro Holding Corp. (a)
 
69,398
560,736
Ranger Energy Services, Inc. Class A
 
10,692
120,713
RPC, Inc. (b)
 
63,536
491,769
SEACOR Marine Holdings, Inc. (a)
 
17,686
246,543
Seadrill Ltd. (a)
 
34,767
1,748,780
Select Water Solutions, Inc. Class A
 
59,275
547,108
Solaris Oilfield Infrastructure, Inc. Class A
 
20,750
179,903
U.S. Silica Holdings, Inc. (a)
 
55,507
688,842
 
 
 
21,523,272
Oil, Gas & Consumable Fuels - 7.7%
 
 
 
Amplify Energy Corp. (a)
 
26,431
174,709
Ardmore Shipping Corp.
 
31,158
511,614
Berry Corp.
 
56,195
452,370
California Resources Corp.
 
51,622
2,844,372
Centrus Energy Corp. Class A (a)
 
9,106
378,172
Chord Energy Corp.
 
31,045
5,533,464
Chord Energy Corp.:
 
 
 
 warrants 9/1/24 (a)
 
810
28,787
 warrants 9/1/25 (a)
 
405
10,417
Civitas Resources, Inc.
 
60,099
4,562,115
Clean Energy Fuels Corp. (a)
 
124,405
333,405
CNX Resources Corp. (a)
 
115,744
2,745,448
Comstock Resources, Inc. (b)
 
68,187
632,775
CONSOL Energy, Inc.
 
22,688
1,900,347
Crescent Energy, Inc. Class A
 
34,928
415,643
CVR Energy, Inc.
 
2,018
71,962
Delek U.S. Holdings, Inc.
 
47,040
1,446,010
DHT Holdings, Inc.
 
100,427
1,154,911
Dorian LPG Ltd.
 
10,508
404,138
enCore Energy Corp. (a)
 
120,338
527,080
Energy Fuels, Inc. (a)(b)
 
17,063
107,326
Equitrans Midstream Corp.
 
229,698
2,868,928
Excelerate Energy, Inc.
 
3,024
48,444
FLEX LNG Ltd.
 
7,250
184,368
FutureFuel Corp.
 
18,890
152,065
Gevo, Inc. (a)(b)
 
170,780
131,279
Golar LNG Ltd.
 
68,614
1,650,853
Granite Ridge Resources, Inc.
 
24,790
161,135
Green Plains, Inc. (a)
 
35,892
829,823
Gulfport Energy Corp. (a)
 
8,103
1,297,452
Hallador Energy Co. (a)
 
16,918
90,173
HighPeak Energy, Inc.
 
1,591
25,090
International Seaways, Inc.
 
30,152
1,604,086
Kinetik Holdings, Inc.
 
24,424
973,785
Magnolia Oil & Gas Corp. Class A (b)
 
8,318
215,852
Matador Resources Co.
 
69,140
4,616,478
Murphy Oil Corp.
 
107,576
4,916,223
NACCO Industries, Inc. Class A
 
3,040
91,808
Nordic American Tanker Shipping Ltd.
 
152,503
597,812
Northern Oil & Gas, Inc.
 
7,885
312,877
Overseas Shipholding Group, Inc.
 
42,514
272,090
Par Pacific Holdings, Inc. (a)
 
25,186
933,393
PBF Energy, Inc. Class A
 
81,804
4,709,456
Peabody Energy Corp.
 
83,598
2,028,087
Permian Resource Corp. Class A
 
297,462
5,253,179
PrimeEnergy Corp. (a)
 
515
51,629
Rex American Resources Corp. (a)
 
8,572
503,262
Ring Energy, Inc. (a)(b)
 
85,857
168,280
SandRidge Energy, Inc.
 
23,471
341,972
Scorpio Tankers, Inc.
 
35,420
2,534,301
SFL Corp. Ltd.
 
85,313
1,124,425
SilverBow Resources, Inc. (a)
 
15,447
527,361
Sitio Royalties Corp.
 
34,512
853,137
SM Energy Co.
 
85,876
4,280,919
Talos Energy, Inc. (a)
 
102,539
1,428,368
Teekay Corp. (a)
 
45,511
331,320
Teekay Tankers Ltd.
 
17,698
1,033,740
Tellurian, Inc. (a)(b)
 
403,610
266,948
Uranium Energy Corp. (a)
 
285,959
1,930,223
VAALCO Energy, Inc.
 
69,716
485,921
Verde Clean Fuels, Inc. (a)(b)
 
528
2,112
Vital Energy, Inc. (a)(b)
 
17,243
905,947
Vitesse Energy, Inc.
 
18,895
448,378
World Kinect Corp.
 
43,999
1,163,774
 
 
 
76,581,818
TOTAL ENERGY
 
 
98,105,090
FINANCIALS - 25.8%
 
 
 
Banks - 15.9%
 
 
 
1st Source Corp.
 
12,102
634,387
ACNB Corp.
 
6,162
231,691
Amalgamated Financial Corp.
 
13,240
317,760
Amerant Bancorp, Inc. Class A
 
19,102
444,886
American National Bankshares, Inc.
 
7,778
371,477
Ameris Bancorp
 
49,172
2,378,941
Ames National Corp.
 
6,346
128,062
Arrow Financial Corp.
 
10,910
272,968
Associated Banc-Corp.
 
112,173
2,412,841
Atlantic Union Bankshares Corp.
 
55,838
1,971,640
Axos Financial, Inc. (a)
 
35,820
1,935,713
Banc of California, Inc.
 
102,148
1,553,671
BancFirst Corp.
 
14,105
1,241,663
Bank First National Corp.
 
6,900
598,023
Bank of Hawaii Corp. (b)
 
29,180
1,820,540
Bank of Marin Bancorp
 
11,771
197,400
Bank7 Corp.
 
2,769
78,086
BankUnited, Inc.
 
55,208
1,545,824
Bankwell Financial Group, Inc.
 
4,248
110,193
Banner Corp.
 
25,307
1,214,736
Bar Harbor Bankshares
 
10,982
290,803
BayCom Corp.
 
7,103
146,393
BCB Bancorp, Inc.
 
11,251
117,573
Berkshire Hills Bancorp, Inc.
 
32,021
733,921
Blue Foundry Bancorp (a)
 
14,866
139,146
Blue Ridge Bankshares, Inc. (b)
 
13,618
36,632
Bridgewater Bancshares, Inc. (a)
 
15,005
174,658
Brookline Bancorp, Inc., Delaware
 
64,750
644,910
Burke & Herbert Financial Services Corp.
 
4,400
246,532
Business First Bancshares, Inc.
 
17,886
398,500
Byline Bancorp, Inc.
 
18,082
392,741
C & F Financial Corp.
 
2,343
114,807
Cadence Bank
 
135,238
3,921,902
Cambridge Bancorp
 
5,626
383,468
Camden National Corp.
 
10,535
353,133
Capital Bancorp, Inc.
 
6,883
143,373
Capital City Bank Group, Inc.
 
6,387
176,920
Capitol Federal Financial, Inc.
 
91,504
545,364
Capstar Financial Holdings, Inc.
 
13,988
281,159
Carter Bankshares, Inc. (a)
 
16,138
203,984
Cathay General Bancorp
 
51,764
1,958,232
Central Pacific Financial Corp.
 
19,788
390,813
Chemung Financial Corp.
 
2,391
101,570
ChoiceOne Financial Services, Inc.
 
5,234
143,150
Citizens & Northern Corp.
 
11,259
211,444
Citizens Financial Services, Inc.
 
2,210
108,732
City Holding Co.
 
9,895
1,031,257
Civista Bancshares, Inc.
 
11,116
170,964
CNB Financial Corp., Pennsylvania
 
15,180
309,520
Codorus Valley Bancorp, Inc.
 
6,779
154,290
Colony Bankcorp, Inc.
 
11,971
137,667
Columbia Financial, Inc. (a)(b)
 
12,135
208,843
Community Bank System, Inc.
 
39,549
1,899,538
Community Trust Bancorp, Inc.
 
11,388
485,698
Community West Bank
 
7,388
146,947
ConnectOne Bancorp, Inc.
 
27,239
531,161
CrossFirst Bankshares, Inc. (a)
 
33,307
460,969
Customers Bancorp, Inc. (a)
 
21,365
1,133,627
CVB Financial Corp.
 
98,915
1,764,644
Dime Community Bancshares, Inc.
 
26,201
504,631
Eagle Bancorp, Inc.
 
21,979
516,287
Eastern Bankshares, Inc.
 
115,175
1,587,112
Enterprise Bancorp, Inc.
 
7,148
185,634
Enterprise Financial Services Corp.
 
26,865
1,089,644
Equity Bancshares, Inc.
 
10,761
369,856
Esquire Financial Holdings, Inc.
 
738
35,033
ESSA Bancorp, Inc.
 
5,918
107,885
Evans Bancorp, Inc.
 
3,628
108,332
Farmers & Merchants Bancorp, Inc.
 
9,375
208,969
Farmers National Banc Corp.
 
26,916
359,598
FB Financial Corp.
 
26,280
989,705
Fidelity D & D Bancorp, Inc.
 
3,467
167,907
Financial Institutions, Inc.
 
11,367
213,927
First Bancorp, North Carolina
 
29,435
1,063,192
First Bancorp, Puerto Rico
 
113,720
1,994,649
First Bancshares, Inc.
 
22,762
590,674
First Bank Hamilton New Jersey
 
14,988
205,935
First Busey Corp.
 
38,397
923,448
First Business Finance Services, Inc.
 
5,810
217,875
First Commonwealth Financial Corp.
 
75,300
1,048,176
First Community Bankshares, Inc.
 
12,760
441,879
First Community Corp.
 
4,956
86,383
First Financial Bancorp, Ohio
 
69,934
1,567,920
First Financial Corp., Indiana
 
8,306
318,369
First Foundation, Inc.
 
37,840
285,692
First Interstate Bancsystem, Inc.
 
61,692
1,678,639
First Merchants Corp.
 
43,999
1,535,565
First Mid-Illinois Bancshares, Inc.
 
16,384
535,429
First of Long Island Corp.
 
15,404
170,830
First Western Financial, Inc. (a)
 
5,960
86,897
Five Star Bancorp
 
5,567
125,258
Flushing Financial Corp.
 
20,662
260,548
FS Bancorp, Inc.
 
3,898
135,300
Fulton Financial Corp.
 
119,206
1,894,183
FVCBankcorp, Inc. (a)
 
11,775
143,420
German American Bancorp, Inc.
 
20,676
716,217
Glacier Bancorp, Inc.
 
82,748
3,333,089
Great Southern Bancorp, Inc.
 
6,433
352,657
Greene County Bancorp, Inc.
 
2,518
72,493
Guaranty Bancshares, Inc. Texas
 
6,059
183,951
Hancock Whitney Corp.
 
64,510
2,970,040
Hanmi Financial Corp.
 
22,857
363,883
HarborOne Bancorp, Inc.
 
28,942
308,522
HBT Financial, Inc.
 
9,790
186,402
Heartland Financial U.S.A., Inc.
 
31,275
1,099,316
Heritage Commerce Corp.
 
44,575
382,454
Heritage Financial Corp., Washington
 
25,619
496,752
Hilltop Holdings, Inc.
 
33,927
1,062,594
Hingham Institution for Savings (b)
 
1,082
188,766
Home Bancorp, Inc.
 
5,270
201,894
Home Bancshares, Inc.
 
139,632
3,430,758
HomeStreet, Inc.
 
13,360
201,068
HomeTrust Bancshares, Inc.
 
8,360
228,562
Hope Bancorp, Inc.
 
85,602
985,279
Horizon Bancorp, Inc. Indiana
 
32,334
414,845
Independent Bank Corp.
 
32,830
1,707,817
Independent Bank Corp.
 
14,965
379,363
Independent Bank Group, Inc.
 
26,740
1,220,681
International Bancshares Corp.
 
39,907
2,240,379
John Marshall Bankcorp, Inc.
 
9,294
166,548
Kearny Financial Corp.
 
40,079
258,109
Lakeland Bancorp, Inc.
 
46,285
560,049
Lakeland Financial Corp. (b)
 
17,288
1,146,540
LCNB Corp.
 
8,637
137,674
Live Oak Bancshares, Inc.
 
24,975
1,036,712
Macatawa Bank Corp.
 
19,121
187,195
Mainstreet Bancshares, Inc.
 
5,146
93,451
Mercantile Bank Corp.
 
11,678
449,486
Metrocity Bankshares, Inc.
 
14,006
349,590
Metropolitan Bank Holding Corp. (a)
 
7,017
270,155
Mid Penn Bancorp, Inc.
 
10,534
210,785
Middlefield Banc Corp.
 
5,843
139,531
Midland States Bancorp, Inc.
 
15,493
389,339
MidWestOne Financial Group, Inc.
 
10,451
244,971
MVB Financial Corp.
 
7,834
174,777
National Bank Holdings Corp.
 
27,216
981,681
National Bankshares, Inc.
 
4,282
143,062
NBT Bancorp, Inc.
 
31,062
1,139,354
Nicolet Bankshares, Inc.
 
9,721
835,909
Northeast Bank
 
4,910
271,719
Northeast Community Bancorp, Inc.
 
8,886
139,777
Northfield Bancorp, Inc.
 
28,867
280,587
Northrim Bancorp, Inc.
 
3,996
201,838
Northwest Bancshares, Inc.
 
94,579
1,101,845
Norwood Financial Corp.
 
5,371
146,145
Oak Valley Bancorp Oakdale California
 
4,858
120,381
OceanFirst Financial Corp.
 
43,496
713,769
OFG Bancorp
 
34,391
1,265,933
Old National Bancorp, Indiana
 
217,359
3,784,220
Old Second Bancorp, Inc.
 
31,929
441,897
Orange County Bancorp, Inc.
 
3,803
174,938
Origin Bancorp, Inc.
 
21,411
668,880
Orrstown Financial Services, Inc.
 
7,607
203,639
Pacific Premier Bancorp, Inc.
 
70,855
1,700,520
Park National Corp.
 
10,632
1,444,357
Parke Bancorp, Inc.
 
7,817
134,648
Pathward Financial, Inc.
 
12,762
644,226
PCB Bancorp
 
7,960
129,987
Peapack-Gladstone Financial Corp.
 
12,368
300,913
Penns Woods Bancorp, Inc.
 
5,232
101,553
Peoples Bancorp, Inc.
 
25,915
767,343
Peoples Financial Services Corp.
 
5,056
217,964
Pioneer Bancorp, Inc. (a)
 
8,464
83,032
Plumas Bancorp
 
3,524
129,648
Ponce Financial Group, Inc. (a)
 
13,217
117,631
Preferred Bank, Los Angeles
 
9,603
737,222
Premier Financial Corp.
 
26,418
536,285
Primis Financial Corp.
 
14,890
181,211
Princeton Bancorp, Inc.
 
3,634
111,855
Provident Financial Services, Inc.
 
54,689
796,819
QCR Holdings, Inc.
 
12,132
736,898
RBB Bancorp
 
12,370
222,784
Red River Bancshares, Inc.
 
3,467
172,622
Renasant Corp.
 
40,734
1,275,789
Republic Bancorp, Inc., Kentucky Class A
 
6,195
315,945
S&T Bancorp, Inc.
 
28,497
914,184
Sandy Spring Bancorp, Inc.
 
32,470
752,655
Seacoast Banking Corp., Florida
 
62,736
1,592,867
ServisFirst Bancshares, Inc.
 
25,110
1,666,300
Shore Bancshares, Inc.
 
22,250
255,875
Sierra Bancorp
 
9,791
197,778
Simmons First National Corp. Class A
 
92,194
1,794,095
SmartFinancial, Inc.
 
11,584
244,075
South Plains Financial, Inc.
 
8,500
227,460
Southern First Bancshares, Inc. (a)
 
5,523
175,410
Southern Missouri Bancorp, Inc.
 
7,079
309,423
Southern States Bancshares, Inc.
 
5,585
144,763
Southside Bancshares, Inc.
 
21,222
620,319
Southstate Corp.
 
56,526
4,806,406
Stellar Bancorp, Inc.
 
34,359
836,985
Sterling Bancorp, Inc. (a)
 
14,055
72,524
Stock Yards Bancorp, Inc.
 
2,642
129,220
Summit Financial Group, Inc.
 
8,346
226,677
Texas Capital Bancshares, Inc. (a)
 
34,907
2,148,526
The Bank of NT Butterfield & Son Ltd.
 
33,978
1,086,956
The First Bancorp, Inc.
 
7,291
179,650
Third Coast Bancshares, Inc. (a)
 
9,108
182,342
Timberland Bancorp, Inc./Washington
 
5,228
140,738
Tompkins Financial Corp.
 
10,242
515,070
TowneBank
 
51,928
1,457,100
Trico Bancshares
 
23,050
847,779
Triumph Bancorp, Inc. (a)
 
16,444
1,304,338
Trustco Bank Corp., New York
 
13,674
385,060
Trustmark Corp.
 
45,118
1,268,267
UMB Financial Corp.
 
32,849
2,857,535
United Bankshares, Inc., West Virginia
 
96,948
3,469,769
United Community Bank, Inc.
 
86,164
2,267,836
Unity Bancorp, Inc.
 
5,267
145,369
Univest Corp. of Pennsylvania
 
21,319
443,862
USCB Financial Holdings, Inc.
 
7,604
86,686
Valley National Bancorp
 
320,882
2,554,221
Veritex Holdings, Inc.
 
39,004
799,192
Virginia National Bankshares C
 
3,516
105,832
WaFd, Inc.
 
50,401
1,463,141
Washington Trust Bancorp, Inc.
 
12,656
340,193
WesBanco, Inc.
 
42,821
1,276,494
West Bancorp., Inc.
 
11,968
213,389
Westamerica Bancorp.
 
13,370
653,526
WSFS Financial Corp.
 
44,889
2,026,289
 
 
 
157,213,964
Capital Markets - 0.8%
 
 
 
Artisan Partners Asset Management, Inc.
 
12,785
585,169
Bakkt Holdings, Inc. Class A (a)(b)
 
54,342
24,986
BGC Group, Inc. Class A
 
138,846
1,078,833
BrightSphere Investment Group, Inc.
 
13,789
314,941
Donnelley Financial Solutions, Inc. (a)
 
5,232
324,436
Forge Global Holdings, Inc. Class A (a)
 
80,949
156,232
GCM Grosvenor, Inc. Class A
 
3,319
32,062
Hamilton Lane, Inc. Class A
 
11,139
1,256,034
MarketWise, Inc. Class A
 
25,380
43,907
Moelis & Co. Class A
 
20,515
1,164,637
Open Lending Corp. (a)
 
5,810
36,371
Piper Jaffray Companies
 
2,300
456,527
StoneX Group, Inc. (a)
 
17,650
1,240,089
Value Line, Inc.
 
66
2,673
Victory Capital Holdings, Inc.
 
1,986
84,266
Virtus Investment Partners, Inc.
 
4,416
1,095,080
 
 
 
7,896,243
Consumer Finance - 0.9%
 
 
 
Atlanticus Holdings Corp. (a)(b)
 
3,237
95,783
Bread Financial Holdings, Inc.
 
36,919
1,374,864
Consumer Portfolio Services, Inc. (a)
 
6,139
46,411
Encore Capital Group, Inc. (a)(b)
 
17,092
779,566
Enova International, Inc. (a)
 
21,095
1,325,399
Green Dot Corp. Class A (a)
 
34,365
320,625
LendingClub Corp. (a)
 
81,370
715,242
LendingTree, Inc. (a)
 
6,081
257,470
Navient Corp.
 
60,686
1,055,936
Nelnet, Inc. Class A
 
9,354
885,356
OppFi, Inc. Class A (a)
 
7,535
18,838
PRA Group, Inc. (a)
 
28,567
745,027
PROG Holdings, Inc.
 
26,568
915,002
Regional Management Corp.
 
5,099
123,447
World Acceptance Corp. (a)(b)
 
2,817
408,409
 
 
 
9,067,375
Financial Services - 3.5%
 
 
 
A-Mark Precious Metals, Inc.
 
13,881
426,008
Acacia Research Corp. (a)
 
28,204
150,327
Alerus Financial Corp.
 
13,565
296,124
AvidXchange Holdings, Inc. (a)
 
9,757
128,305
Banco Latinoamericano de Comer Series E
 
20,451
605,759
Cannae Holdings, Inc. (a)
 
48,588
1,080,597
Cantaloupe, Inc. (a)
 
14,908
95,858
Cass Information Systems, Inc.
 
1,343
64,692
Compass Diversified Holdings
 
47,378
1,140,388
Enact Holdings, Inc.
 
21,883
682,312
Essent Group Ltd.
 
77,732
4,625,831
Federal Agricultural Mortgage Corp. Class C (non-vtg.)
 
5,623
1,107,056
Finance of America Companies, Inc. (a)
 
39,208
28,822
Jackson Financial, Inc.
 
59,256
3,919,192
Marqeta, Inc. Class A (a)
 
303,956
1,811,578
Merchants Bancorp
 
11,874
512,719
Mr. Cooper Group, Inc. (a)
 
47,712
3,719,150
Newtekone, Inc.
 
17,730
195,030
NMI Holdings, Inc. (a)
 
54,371
1,758,358
Ocwen Financial Corp. (a)
 
4,542
122,679
PagSeguro Digital Ltd. (a)
 
57,814
825,584
Paysafe Ltd. (a)
 
24,077
380,176
PennyMac Financial Services, Inc.
 
17,679
1,610,380
Radian Group, Inc.
 
113,907
3,812,467
Repay Holdings Corp. (a)
 
61,494
676,434
Security National Financial Corp. Class A
 
9,519
75,295
StoneCo Ltd. Class A (a)
 
85,032
1,412,382
SWK Holdings Corp. (a)
 
2,432
42,365
Velocity Financial, Inc. (a)
 
6,337
114,066
Walker & Dunlop, Inc.
 
23,674
2,392,494
Waterstone Financial, Inc.
 
12,638
153,804
 
 
 
33,966,232
Insurance - 2.6%
 
 
 
AMBAC Financial Group, Inc. (a)
 
32,201
503,302
American Coastal Insurance Cor (a)
 
14,776
157,955
American Equity Investment Life Holding Co. (a)
 
57,762
3,247,380
Amerisafe, Inc.
 
6,872
344,768
CNO Financial Group, Inc.
 
83,259
2,287,957
Donegal Group, Inc. Class A
 
11,166
157,887
eHealth, Inc. (a)
 
13,443
81,061
Employers Holdings, Inc.
 
18,895
857,644
Enstar Group Ltd. (a)
 
8,799
2,734,377
F&G Annuities & Life, Inc.
 
13,198
535,179
Fidelis Insurance Holdings Ltd.
 
33,895
660,275
Genworth Financial, Inc. Class A (a)
 
332,576
2,138,464
GoHealth, Inc. (a)
 
3,096
32,539
Greenlight Capital Re, Ltd. (a)
 
19,024
237,229
Hamilton Insurance Group Ltd.
 
9,272
129,159
Hippo Holdings, Inc. (a)(b)
 
8,144
148,791
Horace Mann Educators Corp.
 
30,348
1,122,573
Investors Title Co.
 
734
119,781
James River Group Holdings Ltd.
 
27,463
255,406
Lemonade, Inc. (a)(b)
 
31,518
517,210
Maiden Holdings Ltd. (a)
 
65,963
148,417
MBIA, Inc.
 
32,964
222,837
Mercury General Corp.
 
19,905
1,027,098
National Western Life Group, Inc.
 
1,671
822,065
NI Holdings, Inc. (a)
 
5,602
84,870
Oscar Health, Inc. (a)
 
110,500
1,643,135
ProAssurance Corp.
 
37,523
482,546
Safety Insurance Group, Inc.
 
10,635
874,091
Selectquote, Inc. (a)
 
101,981
203,962
Siriuspoint Ltd. (a)
 
47,669
605,873
Skyward Specialty Insurance Group, Inc. (a)
 
15,963
597,176
Stewart Information Services Corp.
 
19,888
1,293,913
Tiptree, Inc.
 
12,940
223,603
United Fire Group, Inc.
 
15,565
338,850
Universal Insurance Holdings, Inc.
 
14,133
287,183
 
 
 
25,124,556
Mortgage Real Estate Investment Trusts - 2.1%
 
 
 
Angel Oak Mortgage (REIT), Inc. (b)
 
9,490
101,923
Apollo Commercial Real Estate Finance, Inc.
 
108,188
1,205,214
Arbor Realty Trust, Inc. (b)
 
137,755
1,825,254
Ares Commercial Real Estate Corp.
 
40,280
300,086
Armour Residential REIT, Inc.
 
37,110
733,665
Blackstone Mortgage Trust, Inc. (b)
 
128,905
2,566,499
BrightSpire Capital, Inc.
 
101,370
698,439
Chimera Investment Corp.
 
169,180
779,920
Claros Mortgage Trust, Inc.
 
68,169
665,329
Dynex Capital, Inc.
 
42,196
525,340
Ellington Financial LLC
 
56,288
664,761
Franklin BSP Realty Trust, Inc.
 
64,103
856,416
Granite Point Mortgage Trust, Inc.
 
39,155
186,769
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
 
75,385
2,140,934
Invesco Mortgage Capital, Inc.
 
37,378
361,819
KKR Real Estate Finance Trust, Inc.
 
44,353
446,191
Ladder Capital Corp. Class A
 
85,856
955,577
MFA Financial, Inc.
 
77,401
883,145
New York Mortgage Trust, Inc.
 
68,579
493,769
Nexpoint Real Estate Finance, Inc.
 
6,242
89,635
Orchid Island Capital, Inc.
 
38,649
345,136
PennyMac Mortgage Investment Trust
 
65,011
954,361
Ready Capital Corp.
 
122,268
1,116,307
Redwood Trust, Inc.
 
96,872
617,075
TPG RE Finance Trust, Inc.
 
51,941
400,985
Two Harbors Investment Corp.
 
78,319
1,036,944
 
 
 
20,951,493
TOTAL FINANCIALS
 
 
254,219,863
HEALTH CARE - 9.3%
 
 
 
Biotechnology - 5.5%
 
 
 
2seventy bio, Inc. (a)(b)
 
37,138
198,688
4D Molecular Therapeutics, Inc. (a)
 
27,511
876,500
Aadi Bioscience, Inc. (a)
 
12,659
29,622
Acelyrin, Inc.
 
29,215
197,201
Acrivon Therapeutics, Inc. (a)(b)
 
8,674
62,019
Actinium Pharmaceuticals, Inc. (a)
 
1,238
9,694
Adicet Bio, Inc. (a)
 
38,878
91,363
ADMA Biologics, Inc. (a)
 
74,243
490,004
Agenus, Inc.
 
233,842
135,628
Agios Pharmaceuticals, Inc. (a)
 
41,046
1,200,185
Allakos, Inc. (a)
 
49,093
61,857
Allogene Therapeutics, Inc. (a)(b)
 
69,771
311,876
Allovir, Inc. (a)
 
39,232
29,616
Alpine Immune Sciences, Inc. (a)
 
13,362
529,670
Altimmune, Inc. (a)
 
39,927
406,457
ALX Oncology Holdings, Inc. (a)
 
19,595
218,484
AnaptysBio, Inc. (a)
 
2,429
54,701
Anika Therapeutics, Inc. (a)
 
10,681
271,297
Annexon, Inc. (a)
 
49,743
356,657
Apogee Therapeutics, Inc.
 
16,737
1,112,174
Arbutus Biopharma Corp. (a)(b)
 
35,299
91,071
Arcturus Therapeutics Holdings, Inc. (a)
 
15,795
533,397
Arcus Biosciences, Inc. (a)
 
27,749
523,901
Ardelyx, Inc. (a)
 
59,178
431,999
ArriVent Biopharma, Inc.
 
3,890
69,475
Ars Pharmaceuticals, Inc. (a)
 
14,387
147,035
Astria Therapeutics, Inc. (a)
 
4,540
63,901
Atara Biotherapeutics, Inc. (a)
 
65,341
45,347
Aura Biosciences, Inc. (a)
 
26,407
207,295
Avidity Biosciences, Inc. (a)
 
54,881
1,400,563
Beam Therapeutics, Inc. (a)
 
5,399
178,383
BioAtla, Inc. (a)(b)
 
32,840
112,970
BioCryst Pharmaceuticals, Inc. (a)
 
33,976
172,598
Biohaven Ltd. (a)
 
50,721
2,773,931
bluebird bio, Inc. (a)(b)
 
142,341
182,196
BridgeBio Pharma, Inc. (a)
 
26,148
808,496
Cabaletta Bio, Inc. (a)
 
2,874
49,030
CareDx, Inc. (a)
 
38,564
408,393
Cargo Therapeutics, Inc.
 
8,661
193,314
Caribou Biosciences, Inc. (a)(b)
 
60,770
312,358
Carisma Therapeutics, Inc. (b)
 
19,399
44,036
Cartesian Therapeutics, Inc.
 
65,209
42,386
Cartesian Therapeutics, Inc. rights (a)(c)
 
65,209
8,477
Celcuity, Inc. (a)
 
13,390
289,224
Celldex Therapeutics, Inc. (a)
 
34,236
1,436,885
Century Therapeutics, Inc. (a)
 
17,549
73,355
CG Oncology, Inc.
 
9,340
410,026
Chinook Therapeutics, Inc. rights (a)(c)
 
488
0
Cogent Biosciences, Inc. (a)
 
28,032
188,375
Coherus BioSciences, Inc. (a)(b)
 
13,883
33,180
Compass Therapeutics, Inc. (a)
 
60,553
119,895
Crinetics Pharmaceuticals, Inc. (a)
 
40,787
1,909,239
Cullinan Oncology, Inc. (a)
 
19,338
329,520
Cytokinetics, Inc. (a)
 
5,345
374,738
Day One Biopharmaceuticals, Inc. (a)
 
4,019
66,394
Deciphera Pharmaceuticals, Inc. (a)
 
25,869
406,919
Design Therapeutics, Inc. (a)
 
23,972
96,607
Disc Medicine, Inc. (a)
 
502
31,255
Dynavax Technologies Corp. (a)(b)
 
14,874
184,586
Dyne Therapeutics, Inc. (a)
 
31,127
883,696
Eagle Pharmaceuticals, Inc. (a)
 
7,608
39,866
Editas Medicine, Inc. (a)
 
60,928
452,086
Emergent BioSolutions, Inc. (a)(b)
 
37,908
95,907
Enanta Pharmaceuticals, Inc. (a)
 
12,948
226,072
Entrada Therapeutics, Inc. (a)
 
15,836
224,396
Erasca, Inc. (a)
 
59,348
122,257
Fate Therapeutics, Inc. (a)
 
62,832
461,187
Fennec Pharmaceuticals, Inc. (a)(b)
 
9,845
109,476
FibroGen, Inc. (a)
 
68,483
160,935
Genelux Corp. (a)(b)
 
10,564
67,927
Generation Bio Co. (a)
 
33,616
136,817
Geron Corp. (a)
 
92,918
306,629
Gritstone Bio, Inc. (a)(b)
 
67,120
172,498
Heron Therapeutics, Inc. (a)
 
4,610
12,770
HilleVax, Inc. (a)
 
14,921
248,136
Humacyte, Inc. Class A (a)
 
6,060
18,847
Ideaya Biosciences, Inc. (a)
 
17,532
769,304
IGM Biosciences, Inc. (a)(b)
 
9,857
95,120
Immuneering Corp. (a)
 
4,022
11,624
ImmunityBio, Inc. (a)(b)
 
17,650
94,781
Inhibrx, Inc. (a)
 
8,577
299,852
Inozyme Pharma, Inc. (a)
 
35,385
271,049
Intellia Therapeutics, Inc. (a)
 
56,791
1,562,320
Iovance Biotherapeutics, Inc. (a)
 
175,905
2,606,912
Ironwood Pharmaceuticals, Inc. Class A (a)
 
60,072
523,227
iTeos Therapeutics, Inc. (a)
 
18,142
247,457
Janux Therapeutics, Inc. (a)
 
12,032
453,005
Kalvista Pharmaceuticals, Inc. (a)
 
23,179
274,903
Kezar Life Sciences, Inc. (a)
 
53,202
47,967
Kiniksa Pharmaceuticals Ltd. (a)
 
23,684
467,285
Kodiak Sciences, Inc. (a)
 
24,138
126,966
Kura Oncology, Inc. (a)
 
52,202
1,113,469
Larimar Therapeutics, Inc. (a)
 
19,396
147,216
Lenz Therapeutics, Inc.
 
2,887
64,467
Lexeo Therapeutics, Inc.
 
4,057
63,614
Lexicon Pharmaceuticals, Inc. (a)
 
37,610
90,264
Lyell Immunopharma, Inc. (a)(b)
 
128,528
286,617
Macrogenics, Inc. (a)
 
31,573
464,755
MannKind Corp. (a)
 
35,673
161,599
MeiraGTx Holdings PLC (a)
 
6,501
39,461
Mersana Therapeutics, Inc. (a)
 
32,164
144,095
MiMedx Group, Inc. (a)
 
85,556
658,781
Mineralys Therapeutics, Inc. (a)
 
10,705
138,202
Monte Rosa Therapeutics, Inc. (a)
 
22,942
161,741
Morphic Holding, Inc. (a)
 
3,181
111,971
Myriad Genetics, Inc. (a)
 
64,795
1,381,429
Nkarta, Inc. (a)
 
22,442
242,598
Novavax, Inc. (a)(b)
 
15,066
72,015
Nurix Therapeutics, Inc. (a)(b)
 
35,309
519,042
Ocean Biomedical, Inc. Class A (a)
 
6,572
24,875
Olema Pharmaceuticals, Inc. (a)(b)
 
20,114
227,690
Omniab, Inc. (a)(c)
 
3,625
15,116
Omniab, Inc. (a)(c)
 
3,625
14,138
Organogenesis Holdings, Inc. Class A (a)
 
45,904
130,367
ORIC Pharmaceuticals, Inc. (a)
 
28,906
397,458
Ovid Therapeutics, Inc. (a)
 
43,834
133,694
PepGen, Inc. (a)
 
5,659
83,187
PMV Pharmaceuticals, Inc. (a)
 
30,719
52,222
Poseida Therapeutics, Inc. (a)
 
50,252
160,304
Precigen, Inc. (a)
 
96,438
139,835
Prelude Therapeutics, Inc. (a)
 
11,257
53,358
ProKidney Corp. (a)(b)
 
25,301
41,494
Protagonist Therapeutics, Inc. (a)
 
16,036
463,921
Protalix BioTherapeutics, Inc. (a)(b)
 
49,424
62,274
PTC Therapeutics, Inc. (a)
 
10,158
295,496
Rallybio Corp. (a)
 
23,682
43,812
RAPT Therapeutics, Inc. (a)
 
5,279
47,405
Recursion Pharmaceuticals, Inc. (a)(b)
 
103,558
1,032,473
REGENXBIO, Inc. (a)
 
30,371
639,917
Relay Therapeutics, Inc. (a)(b)
 
69,932
580,436
Reneo Pharmaceuticals, Inc. (a)(b)
 
3,425
5,686
Replimune Group, Inc. (a)
 
36,124
295,133
Revolution Medicines, Inc. (a)
 
26,676
859,767
Rigel Pharmaceuticals, Inc. (a)
 
23,048
34,111
Rocket Pharmaceuticals, Inc. (a)
 
5,376
144,829
Sage Therapeutics, Inc. (a)
 
2,265
42,446
Sagimet Biosciences, Inc. (b)
 
9,401
50,953
Sana Biotechnology, Inc. (a)(b)
 
65,847
658,470
Sangamo Therapeutics, Inc. (a)
 
110,277
73,908
Savara, Inc. (a)
 
64,170
319,567
Scholar Rock Holding Corp. (a)(b)
 
42,579
756,203
Seres Therapeutics, Inc. (a)
 
24,051
18,618
Stoke Therapeutics, Inc. (a)(b)
 
20,770
280,395
Sutro Biopharma, Inc. (a)
 
45,432
256,691
Syndax Pharmaceuticals, Inc. (a)
 
9,756
232,193
Tango Therapeutics, Inc. (a)
 
33,066
262,544
Tenaya Therapeutics, Inc. (a)
 
34,579
180,848
Travere Therapeutics, Inc. (a)
 
3,907
30,123
Turnstone Biologics Corp.
 
6,162
16,144
Twist Bioscience Corp. (a)(b)
 
43,066
1,477,594
Tyra Biosciences, Inc. (a)
 
6,686
109,650
UroGen Pharma Ltd. (a)
 
3,685
55,275
Vanda Pharmaceuticals, Inc. (a)
 
40,111
164,856
Vera Therapeutics, Inc. (a)
 
15,376
663,013
Veracyte, Inc. (a)
 
53,906
1,194,557
Verve Therapeutics, Inc. (a)(b)
 
48,920
649,658
Vigil Neuroscience, Inc. (a)
 
12,399
42,281
Vir Biotechnology, Inc. (a)
 
58,412
591,714
Viridian Therapeutics, Inc. (a)
 
7,767
136,000
Vor Biopharma, Inc. (a)
 
28,054
66,488
X4 Pharmaceuticals, Inc. (a)
 
47,924
66,614
Xencor, Inc. (a)
 
19,414
429,632
XOMA Corp. (a)(b)
 
5,411
130,135
Y-mAbs Therapeutics, Inc. (a)
 
14,608
237,526
Zura Bio Ltd. Class A (a)
 
13,169
33,844
Zymeworks, Inc. (a)
 
41,456
436,117
 
 
 
54,490,108
Health Care Equipment & Supplies - 1.3%
 
 
 
Accuray, Inc. (a)
 
3,273
8,084
Alphatec Holdings, Inc. (a)
 
40,119
553,241
Angiodynamics, Inc. (a)
 
28,017
164,460
Artivion, Inc. (a)
 
24,640
521,382
Atricure, Inc. (a)
 
9,645
293,401
Avanos Medical, Inc. (a)
 
34,080
678,533
Beyond Air, Inc. (a)(b)
 
2,823
4,912
Butterfly Network, Inc. Class A (a)(b)
 
105,323
113,749
ClearPoint Neuro, Inc. (a)
 
1,054
7,167
Cutera, Inc. (a)(b)
 
12,334
18,131
CVRx, Inc. (a)
 
1,222
22,253
Embecta Corp.
 
37,876
502,615
Inari Medical, Inc. (a)
 
2,760
132,425
Inogen, Inc. (a)
 
17,101
138,005
Integer Holdings Corp. (a)
 
24,571
2,866,944
LivaNova PLC (a)
 
37,669
2,107,204
Neogen Corp. (a)(b)
 
161,274
2,544,904
Nevro Corp. (a)
 
17,459
252,108
Omnicell, Inc. (a)
 
16,692
487,907
OraSure Technologies, Inc. (a)
 
53,009
326,005
Orthofix International NV (a)
 
25,933
376,547
OrthoPediatrics Corp. (a)
 
1,454
42,399
Pulse Biosciences, Inc. (a)(b)
 
8,896
77,484
Utah Medical Products, Inc.
 
147
10,453
Varex Imaging Corp. (a)
 
28,687
519,235
Vicarious Surgical, Inc. (a)(b)
 
41,993
12,661
Zimvie, Inc. (a)
 
19,221
316,954
 
 
 
13,099,163
Health Care Providers & Services - 1.1%
 
 
 
23andMe Holding Co. Class A (a)
 
230,821
122,797
Accolade, Inc. (a)
 
2,872
30,099
AdaptHealth Corp. (a)
 
34,198
393,619
Addus HomeCare Corp. (a)
 
6,119
632,337
Agiliti, Inc. (a)
 
2,910
29,449
AirSculpt Technologies, Inc. (a)(b)
 
1,051
6,453
Aveanna Healthcare Holdings, Inc. (a)
 
29,137
72,551
BrightSpring Health Services, Inc.
 
14,046
152,680
Brookdale Senior Living, Inc. (a)
 
137,620
909,668
CareMax, Inc. Class A (a)(b)
 
1,976
9,524
Castle Biosciences, Inc. (a)
 
11,436
253,307
Community Health Systems, Inc. (a)(b)
 
93,126
325,941
Cross Country Healthcare, Inc. (a)
 
20,957
392,315
Enhabit Home Health & Hospice (a)
 
37,052
431,656
Fulgent Genetics, Inc. (a)
 
14,952
324,458
LifeStance Health Group, Inc. (a)
 
35,985
222,027
Nano-X Imaging Ltd. (a)(b)
 
31,658
309,299
National Healthcare Corp.
 
9,258
874,974
NeoGenomics, Inc. (a)
 
85,821
1,349,106
Opko Health, Inc. (a)(b)
 
296,969
356,363
Owens & Minor, Inc. (a)
 
55,133
1,527,735
Patterson Companies, Inc.
 
48,632
1,344,675
Pediatrix Medical Group, Inc. (a)
 
61,815
620,004
PetIQ, Inc. Class A (a)
 
3,390
61,969
Surgery Partners, Inc. (a)
 
5,357
159,799
 
 
 
10,912,805
Health Care Technology - 0.1%
 
 
 
American Well Corp. (a)
 
185,626
150,487
Definitive Healthcare Corp. (a)(b)
 
24,289
196,012
Health Catalyst, Inc. (a)
 
19,617
147,716
HealthStream, Inc.
 
10,701
285,289
MultiPlan Corp. Class A (a)
 
283,676
230,118
Sharecare, Inc. Class A (a)
 
211,152
162,059
TruBridge, Inc. (a)
 
10,304
95,003
 
 
 
1,266,684
Life Sciences Tools & Services - 0.2%
 
 
 
Adaptive Biotechnologies Corp. (a)
 
22,487
72,183
BioLife Solutions, Inc. (a)
 
2,344
43,481
Codexis, Inc. (a)
 
45,298
158,090
CryoPort, Inc. (a)(b)
 
4,691
83,031
MaxCyte, Inc. (a)
 
60,048
251,601
Nautilus Biotechnology, Inc. (a)
 
37,024
108,851
OmniAb, Inc. (a)
 
68,912
373,503
Pacific Biosciences of California, Inc. (a)(b)
 
84,088
315,330
Quanterix Corp. (a)
 
22,154
521,948
Quantum-Si, Inc. (a)
 
75,362
148,463
Seer, Inc. (a)
 
41,599
79,038
 
 
 
2,155,519
Pharmaceuticals - 1.1%
 
 
 
Amneal Intermediate, Inc. (a)
 
90,297
547,200
ANI Pharmaceuticals, Inc. (a)
 
2,582
178,494
Arvinas Holding Co. LLC (a)
 
1,999
82,519
Assertio Holdings, Inc. (a)
 
65,904
63,222
Atea Pharmaceuticals, Inc. (a)
 
56,295
227,432
Biote Corp. Class A (a)
 
5,530
32,074
Cara Therapeutics, Inc. (a)
 
34,755
31,627
Citius Pharmaceuticals, Inc. (a)(b)
 
84,779
76,072
CorMedix, Inc. (a)(b)
 
3,239
13,733
Edgewise Therapeutics, Inc. (a)
 
42,714
779,103
Enliven Therapeutics, Inc. (a)(b)
 
17,308
304,448
Eyepoint Pharmaceuticals, Inc. (a)(b)
 
12,695
262,406
Ikena Oncology, Inc. (a)
 
23,653
33,587
Innoviva, Inc. (a)(b)
 
38,430
585,673
Ligand Pharmaceuticals, Inc. Class B (a)
 
10,568
772,521
Liquidia Corp. (a)
 
11,004
162,309
Longboard Pharmaceuticals, Inc. (a)
 
12,117
261,727
Neumora Therapeutics, Inc. (b)
 
6,065
83,394
NGM Biopharmaceuticals, Inc. (a)
 
32,240
51,262
Novartis AG rights (a)(c)
 
31,059
0
Nuvation Bio, Inc. (a)
 
108,287
394,165
Omeros Corp. (a)(b)
 
26,614
91,818
Phathom Pharmaceuticals, Inc. (a)(b)
 
17,534
186,211
Phibro Animal Health Corp. Class A
 
10,569
136,657
Prestige Brands Holdings, Inc. (a)
 
36,871
2,675,360
Scilex Holding Co. (a)
 
41,080
58,785
Taro Pharmaceutical Industries Ltd. (a)
 
5,997
253,913
Tarsus Pharmaceuticals, Inc. (a)(b)
 
21,605
785,342
Terns Pharmaceuticals, Inc. (a)
 
10,800
70,848
Theravance Biopharma, Inc. (a)(b)
 
35,501
318,444
Third Harmonics Bio, Inc. (a)(b)
 
14,336
135,332
Trevi Therapeutics, Inc. (a)
 
30,838
106,391
WAVE Life Sciences (a)
 
54,679
337,369
Zevra Therapeutics, Inc. (a)
 
26,808
155,486
 
 
 
10,254,924
TOTAL HEALTH CARE
 
 
92,179,203
INDUSTRIALS - 14.8%
 
 
 
Aerospace & Defense - 1.1%
 
 
 
AAR Corp. (a)
 
25,104
1,502,976
AerSale Corp. (a)
 
25,480
182,946
Archer Aviation, Inc. Class A (a)(b)
 
113,341
523,635
Astronics Corp. (a)
 
20,625
392,700
Ducommun, Inc. (a)
 
9,721
498,687
Kaman Corp.
 
20,950
960,977
Kratos Defense & Security Solutions, Inc. (a)
 
106,799
1,962,966
Moog, Inc. Class A
 
17,057
2,723,150
National Presto Industries, Inc.
 
3,860
323,468
Park Aerospace Corp.
 
13,877
230,775
Terran Orbital Corp. Class A (a)(b)
 
67,898
88,946
Triumph Group, Inc. (a)
 
47,603
715,949
V2X, Inc. (a)
 
8,424
393,485
Virgin Galactic Holdings, Inc. (a)(b)
 
114,605
169,615
 
 
 
10,670,275
Air Freight & Logistics - 0.3%
 
 
 
Air Transport Services Group, Inc. (a)
 
37,963
522,371
Hub Group, Inc. Class A
 
46,699
2,018,331
Radiant Logistics, Inc. (a)
 
26,897
145,782
 
 
 
2,686,484
Building Products - 2.0%
 
 
 
American Woodmark Corp. (a)
 
11,195
1,138,084
Apogee Enterprises, Inc.
 
10,129
599,637
AZZ, Inc.
 
18,414
1,423,586
Gibraltar Industries, Inc. (a)
 
9,892
796,603
Griffon Corp.
 
11,745
861,378
Insteel Industries, Inc.
 
13,966
533,781
Jeld-Wen Holding, Inc. (a)
 
62,953
1,336,492
MasterBrand, Inc. (a)
 
94,978
1,779,888
Quanex Building Products Corp.
 
24,760
951,527
Resideo Technologies, Inc. (a)
 
108,651
2,435,955
UFP Industries, Inc.
 
37,712
4,638,953
Zurn Elkay Water Solutions Cor
 
87,758
2,937,260
 
 
 
19,433,144
Commercial Services & Supplies - 1.8%
 
 
 
ABM Industries, Inc.
 
46,723
2,084,780
ACCO Brands Corp.
 
67,672
379,640
Aris Water Solution, Inc. Class A
 
20,925
296,089
BrightView Holdings, Inc. (a)
 
30,800
366,520
CECO Environmental Corp. (a)
 
22,074
508,143
Cimpress PLC (a)
 
5,763
510,083
CompX International, Inc. Class A
 
1,112
38,142
CoreCivic, Inc. (a)
 
84,016
1,311,490
Deluxe Corp.
 
32,565
670,513
Ennis, Inc.
 
18,939
388,439
Enviri Corp. (a)
 
58,213
532,649
Healthcare Services Group, Inc. (a)
 
2,417
30,164
HNI Corp.
 
31,123
1,404,581
Interface, Inc.
 
42,473
714,396
Li-Cycle Holdings Corp. (a)(b)
 
101,728
104,780
Liquidity Services, Inc. (a)
 
7,029
130,739
Matthews International Corp. Class A
 
16,228
504,366
Millerknoll, Inc.
 
54,787
1,356,526
NL Industries, Inc.
 
6,165
45,189
OpenLane, Inc. (a)
 
78,036
1,350,023
Performant Financial Corp. (a)
 
13,404
39,408
Quad/Graphics, Inc.
 
22,541
119,693
Steelcase, Inc. Class A
 
68,633
897,720
The GEO Group, Inc. (a)(b)
 
89,191
1,259,377
UniFirst Corp.
 
11,101
1,925,246
VSE Corp.
 
9,728
778,240
 
 
 
17,746,936
Construction & Engineering - 1.1%
 
 
 
API Group Corp. (a)
 
51,091
2,006,344
Arcosa, Inc.
 
35,977
3,088,985
Argan, Inc.
 
9,351
472,600
Concrete Pumping Holdings, Inc. (a)
 
7,498
59,234
Fluor Corp. (a)
 
7,413
313,422
Granite Construction, Inc.
 
28,259
1,614,437
Great Lakes Dredge & Dock Corp. (a)
 
48,224
421,960
INNOVATE Corp. (a)(b)
 
40,383
28,296
Limbach Holdings, Inc. (a)
 
5,586
231,372
Northwest Pipe Co. (a)
 
7,130
247,268
Primoris Services Corp.
 
36,808
1,566,917
Southland Holdings, Inc. (a)
 
2,695
13,879
Sterling Construction Co., Inc. (a)
 
2,819
310,964
Tutor Perini Corp. (a)
 
31,336
453,119
 
 
 
10,828,797
Electrical Equipment - 0.6%
 
 
 
Babcock & Wilcox Enterprises, Inc. (a)
 
41,881
47,326
Blink Charging Co. (a)(b)
 
19,808
59,622
Encore Wire Corp.
 
11,174
2,936,304
Energy Vault Holdings, Inc. Class A (a)(b)
 
73,408
131,400
EnerSys
 
2,087
197,138
Eos Energy Enterprises, Inc. (a)(b)
 
11,183
11,518
ESS Tech, Inc. Class A (a)(b)
 
67,047
48,495
FuelCell Energy, Inc. (a)(b)
 
336,795
400,786
GrafTech International Ltd.
 
61,032
84,224
LSI Industries, Inc.
 
5,182
78,352
Powell Industries, Inc.
 
6,906
982,724
Preformed Line Products Co.
 
991
127,512
SES AI Corp. Class A (a)(b)
 
84,291
141,609
Stem, Inc. (a)(b)
 
105,809
231,722
Thermon Group Holdings, Inc. (a)
 
21,949
718,171
 
 
 
6,196,903
Ground Transportation - 0.5%
 
 
 
ArcBest Corp.
 
10,725
1,528,313
Covenant Transport Group, Inc. Class A
 
6,218
288,266
FTAI Infrastructure LLC
 
73,122
459,206
Heartland Express, Inc.
 
34,015
406,139
Marten Transport Ltd.
 
8,533
157,690
P.A.M. Transportation Services, Inc. (a)
 
4,045
65,569
RXO, Inc. (a)
 
11,241
245,841
Universal Logistics Holdings, Inc.
 
5,117
188,664
Werner Enterprises, Inc.
 
39,816
1,557,602
 
 
 
4,897,290
Machinery - 2.6%
 
 
 
3D Systems Corp. (a)
 
96,477
428,358
Albany International Corp. Class A
 
2,902
271,366
Astec Industries, Inc.
 
16,855
736,732
Barnes Group, Inc.
 
36,173
1,343,827
Blue Bird Corp. (a)
 
19,129
733,406
Chart Industries, Inc. (a)
 
12,349
2,034,127
Columbus McKinnon Corp. (NY Shares)
 
20,850
930,536
Commercial Vehicle Group, Inc. (a)
 
21,049
135,345
Desktop Metal, Inc. (a)(b)
 
210,781
185,487
EnPro Industries, Inc.
 
15,577
2,628,930
ESCO Technologies, Inc.
 
7,979
854,152
Gencor Industries, Inc. (a)
 
7,700
128,513
Gorman-Rupp Co.
 
13,260
524,433
Hillman Solutions Corp. Class A (a)
 
145,572
1,548,886
Hyliion Holdings Corp. Class A (a)
 
110,925
195,228
Kennametal, Inc.
 
59,016
1,471,859
Luxfer Holdings PLC sponsored
 
19,830
205,637
Manitowoc Co., Inc. (a)
 
25,779
364,515
Mayville Engineering Co., Inc. (a)
 
7,611
109,066
Microvast Holdings, Inc. (a)(b)
 
160,084
133,990
Miller Industries, Inc.
 
7,660
383,766
Mueller Industries, Inc.
 
47,098
2,539,995
Nikola Corp. (a)(b)
 
545,466
567,285
Park-Ohio Holdings Corp.
 
6,321
168,644
Proto Labs, Inc. (a)
 
19,256
688,402
REV Group, Inc.
 
23,758
524,814
SPX Technologies, Inc. (a)
 
5,763
709,598
Standex International Corp.
 
1,677
305,583
Tennant Co.
 
6,523
793,262
Terex Corp.
 
20,766
1,337,330
The Greenbrier Companies, Inc.
 
22,726
1,184,025
Titan International, Inc. (a)
 
38,186
475,798
Trinity Industries, Inc.
 
49,087
1,367,073
 
 
 
26,009,968
Marine Transportation - 0.6%
 
 
 
Costamare, Inc.
 
34,325
389,589
Eagle Bulk Shipping, Inc.
 
6,799
424,734
Genco Shipping & Trading Ltd.
 
31,084
631,938
Golden Ocean Group Ltd.
 
91,389
1,184,401
Himalaya Shipping Ltd.
 
18,684
144,054
Matson, Inc.
 
25,607
2,878,227
Pangaea Logistics Solutions Ltd.
 
26,991
188,127
Safe Bulkers, Inc.
 
47,802
237,098
 
 
 
6,078,168
Passenger Airlines - 0.7%
 
 
 
Allegiant Travel Co.
 
10,471
787,524
Blade Air Mobility, Inc. (a)
 
44,815
127,723
Hawaiian Holdings, Inc. (a)
 
37,525
500,208
JetBlue Airways Corp. (a)
 
249,115
1,848,433
Joby Aviation, Inc. (a)(b)
 
137,784
738,522
SkyWest, Inc. (a)
 
30,031
2,074,541
Spirit Airlines, Inc. (b)
 
80,667
390,428
Sun Country Airlines Holdings, Inc. (a)
 
13,967
210,762
 
 
 
6,678,141
Professional Services - 1.4%
 
 
 
Alight, Inc. Class A (a)
 
307,063
3,024,571
ASGN, Inc. (a)
 
25,141
2,633,771
Asure Software, Inc. (a)
 
14,108
109,760
Barrett Business Services, Inc.
 
394
49,928
BlackSky Technology, Inc. Class A (a)(b)
 
89,336
121,497
Conduent, Inc. (a)
 
126,620
427,976
First Advantage Corp. (b)
 
36,355
589,678
FiscalNote Holdings, Inc. Class A (a)(b)
 
36,126
48,048
Heidrick & Struggles International, Inc.
 
14,719
495,442
HireRight Holdings Corp. (a)
 
10,129
144,541
Kelly Services, Inc. Class A (non-vtg.)
 
22,876
572,815
Korn Ferry
 
38,721
2,546,293
MISTRAS Group, Inc. (a)
 
15,365
146,889
NV5 Global, Inc. (a)
 
1,029
100,852
Parsons Corp. (a)
 
16,573
1,374,730
Planet Labs PBC Class A (a)(b)
 
14,540
37,077
Resources Connection, Inc.
 
24,043
316,406
Skillsoft Corp. (a)
 
3,042
27,378
Sterling Check Corp. (a)(b)
 
21,332
343,019
TrueBlue, Inc. (a)
 
22,229
278,307
Willdan Group, Inc. (a)
 
9,215
267,143
 
 
 
13,656,121
Trading Companies & Distributors - 2.1%
 
 
 
Beacon Roofing Supply, Inc. (a)
 
41,982
4,115,076
BlueLinx Corp. (a)
 
6,271
816,735
Boise Cascade Co.
 
29,464
4,518,894
Distribution Solutions Group I (a)
 
725
25,723
DNOW, Inc. (a)
 
78,748
1,196,970
DXP Enterprises, Inc. (a)
 
9,718
522,148
EVI Industries, Inc.
 
750
18,675
GATX Corp. (b)
 
24,543
3,289,498
Global Industrial Co.
 
2,090
93,590
GMS, Inc. (a)
 
20,320
1,977,949
Hudson Technologies, Inc. (a)
 
27,462
302,357
MRC Global, Inc. (a)
 
40,745
512,165
Rush Enterprises, Inc.:
 
 
 
 Class A
 
48,692
2,605,996
 Class B
 
2,958
157,632
Titan Machinery, Inc. (a)
 
15,107
374,805
Willis Lease Finance Corp. (a)
 
1,898
94,179
Xometry, Inc. (a)(b)
 
22,432
378,876
 
 
 
21,001,268
TOTAL INDUSTRIALS
 
 
145,883,495
INFORMATION TECHNOLOGY - 5.9%
 
 
 
Communications Equipment - 0.3%
 
 
 
ADTRAN Holdings, Inc.
 
57,872
314,824
Aviat Networks, Inc. (a)
 
8,533
327,155
Comtech Telecommunications Corp. (a)
 
19,868
68,147
Digi International, Inc. (a)
 
3,060
97,706
DZS, Inc. (a)
 
16,386
21,630
KVH Industries, Inc. (a)
 
13,362
68,146
NETGEAR, Inc. (a)
 
21,142
333,409
NetScout Systems, Inc. (a)
 
50,440
1,101,610
Ribbon Communications, Inc. (a)
 
67,027
214,486
Viavi Solutions, Inc. (a)
 
28,764
261,465
 
 
 
2,808,578
Electronic Equipment, Instruments & Components - 2.1%
 
 
 
908 Devices, Inc. (a)(b)
 
16,816
126,961
Aeva Technologies, Inc. (a)(b)
 
11,922
46,853
Arlo Technologies, Inc. (a)
 
7,807
98,759
Bel Fuse, Inc. Class B (non-vtg.)
 
7,215
435,137
Belden, Inc.
 
11,735
1,086,778
Benchmark Electronics, Inc.
 
26,175
785,512
Climb Global Solutions, Inc.
 
544
38,559
Daktronics, Inc. (a)
 
28,406
282,924
ePlus, Inc. (a)
 
18,675
1,466,735
Evolv Technologies Holdings, Inc. (a)(b)
 
69,875
310,944
FARO Technologies, Inc. (a)
 
12,712
273,435
Iteris, Inc. (a)
 
14,913
73,670
Itron, Inc. (a)
 
30,590
2,830,187
Kimball Electronics, Inc. (a)
 
13,393
289,958
Knowles Corp. (a)
 
65,317
1,051,604
Methode Electronics, Inc. Class A
 
24,696
300,797
Mirion Technologies, Inc. Class A (a)
 
148,659
1,690,253
nLIGHT, Inc. (a)
 
33,498
435,474
Par Technology Corp. (a)(b)
 
18,652
846,055
PC Connection, Inc.
 
8,468
558,295
Plexus Corp. (a)
 
2,282
216,379
Richardson Electronics Ltd.
 
9,276
85,432
Rogers Corp. (a)
 
3,385
401,766
Sanmina Corp. (a)
 
38,732
2,408,356
ScanSource, Inc. (a)
 
18,366
808,839
Smartrent, Inc. (a)(b)
 
139,879
374,876
TTM Technologies, Inc. (a)
 
75,326
1,178,852
Vishay Intertechnology, Inc.
 
94,281
2,138,293
Vishay Precision Group, Inc. (a)
 
9,020
318,677
Vuzix Corp. (a)(b)
 
43,194
52,265
 
 
 
21,012,625
IT Services - 0.2%
 
 
 
Brightcove, Inc. (a)
 
32,334
62,728
Fastly, Inc. Class A (a)
 
15,084
195,639
Grid Dynamics Holdings, Inc. (a)
 
8,503
104,502
Hackett Group, Inc.
 
1,651
40,119
Information Services Group, Inc.
 
13,380
54,055
Rackspace Technology, Inc. (a)(b)
 
47,177
74,540
Squarespace, Inc. Class A (a)
 
29,284
1,067,109
Tucows, Inc. (a)(b)
 
4,338
80,513
Unisys Corp. (a)
 
49,310
242,112
 
 
 
1,921,317
Semiconductors & Semiconductor Equipment - 1.8%
 
 
 
ACM Research, Inc. (a)
 
30,518
889,295
Alpha & Omega Semiconductor Ltd. (a)
 
16,969
373,997
Ambarella, Inc. (a)
 
11,031
560,044
Amkor Technology, Inc.
 
83,371
2,687,881
Atomera, Inc. (a)(b)
 
5,005
30,831
CEVA, Inc. (a)
 
2,020
45,874
Cohu, Inc. (a)
 
34,451
1,148,252
Diodes, Inc. (a)
 
7,113
501,467
Ichor Holdings Ltd. (a)
 
21,388
826,005
indie Semiconductor, Inc. (a)
 
7,710
54,587
Kulicke & Soffa Industries, Inc.
 
12,193
613,430
Maxeon Solar Technologies Ltd. (a)(b)
 
7,439
24,772
Navitas Semiconductor Corp. (a)(b)
 
71,126
339,271
NVE Corp.
 
442
39,860
Onto Innovation, Inc. (a)
 
5,241
949,040
Photronics, Inc. (a)
 
45,431
1,286,606
Semtech Corp. (a)
 
47,357
1,301,844
SMART Global Holdings, Inc. (a)
 
29,851
785,678
Synaptics, Inc. (a)
 
26,833
2,617,827
Ultra Clean Holdings, Inc. (a)
 
33,013
1,516,617
Veeco Instruments, Inc. (a)(b)
 
37,784
1,328,863
 
 
 
17,922,041
Software - 1.2%
 
 
 
ACI Worldwide, Inc. (a)
 
11,181
371,321
Adeia, Inc.
 
10,548
115,184
American Software, Inc. Class A
 
5,396
61,784
Aurora Innovation, Inc. (a)(b)
 
264,548
746,025
Bit Digital, Inc. (a)(b)
 
56,155
161,165
C3.ai, Inc. (a)(b)
 
14,665
396,982
Cerence, Inc. (a)
 
30,586
481,730
Cipher Mining, Inc. (a)(b)
 
29,859
153,774
Cleanspark, Inc. (a)
 
125,198
2,655,450
CommVault Systems, Inc. (a)
 
1,972
200,020
Consensus Cloud Solutions, Inc. (a)
 
5,997
95,112
CS Disco, Inc. (a)
 
17,485
142,153
Digital Turbine, Inc. (a)
 
52,110
136,528
E2open Parent Holdings, Inc. (a)(b)
 
127,253
565,003
EverCommerce, Inc. (a)
 
4,165
39,234
Liveramp Holdings, Inc. (a)
 
48,010
1,656,345
Matterport, Inc. (a)(b)
 
194,312
439,145
MeridianLink, Inc. (a)
 
6,318
118,147
Mitek Systems, Inc. (a)
 
2,084
29,384
N-able, Inc. (a)
 
5,381
70,330
Nextnav, Inc. (a)(b)
 
3,623
23,839
Olo, Inc. (a)
 
33,072
181,565
ON24, Inc.
 
21,319
152,218
Onespan, Inc. (a)
 
2,255
26,226
PROS Holdings, Inc. (a)
 
9,367
340,303
Riot Platforms, Inc. (a)(b)
 
44,326
542,550
SolarWinds, Inc.
 
38,120
481,074
TeraWulf, Inc. (a)
 
114,562
301,298
Verint Systems, Inc. (a)
 
3,286
108,931
Xperi, Inc. (a)
 
32,400
390,744
 
 
 
11,183,564
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
CompoSecure, Inc. (a)(b)
 
779
5,632
Eastman Kodak Co. (a)(b)
 
42,285
209,311
Immersion Corp.
 
22,659
169,489
Intevac, Inc. (a)
 
18,335
70,406
IonQ, Inc. (a)(b)
 
102,493
1,023,905
Turtle Beach Corp. (a)
 
12,045
207,656
Xerox Holdings Corp.
 
86,857
1,554,740
 
 
 
3,241,139
TOTAL INFORMATION TECHNOLOGY
 
 
58,089,264
MATERIALS - 5.0%
 
 
 
Chemicals - 1.4%
 
 
 
AdvanSix, Inc.
 
19,156
547,862
American Vanguard Corp.
 
15,993
207,109
Aspen Aerogels, Inc. (a)
 
37,935
667,656
Avient Corp.
 
67,094
2,911,880
Core Molding Technologies, Inc. (a)
 
4,950
93,704
Danimer Scientific, Inc. (a)(b)
 
64,328
70,118
Ecovyst, Inc. (a)
 
53,048
591,485
H.B. Fuller Co.
 
4,221
336,583
Innospec, Inc.
 
2,213
285,344
Intrepid Potash, Inc. (a)
 
7,636
159,287
Koppers Holdings, Inc.
 
14,881
820,985
Kronos Worldwide, Inc.
 
16,684
196,871
LSB Industries, Inc. (a)
 
39,637
348,013
Mativ, Inc.
 
39,693
744,244
Minerals Technologies, Inc.
 
24,083
1,812,968
Origin Materials, Inc. Class A (a)
 
89,555
45,673
Perimeter Solutions SA (a)(b)
 
111,700
828,814
PureCycle Technologies, Inc. (a)(b)
 
66,950
416,429
Rayonier Advanced Materials, Inc. (a)
 
46,680
223,130
Stepan Co.
 
13,856
1,247,594
Trinseo PLC
 
25,543
96,553
Tronox Holdings PLC
 
86,538
1,501,434
Valhi, Inc.
 
1,607
27,608
 
 
 
14,181,344
Construction Materials - 0.8%
 
 
 
Knife River Holding Co.
 
41,963
3,402,360
Summit Materials, Inc. (a)
 
88,576
3,947,832
 
 
 
7,350,192
Containers & Packaging - 0.3%
 
 
 
Greif, Inc.:
 
 
 
 Class A
 
17,727
1,224,049
 Class B
 
4,131
287,187
O-I Glass, Inc. (a)
 
17,108
283,822
Pactiv Evergreen, Inc.
 
30,095
430,960
Ranpak Holdings Corp. (A Shares) (a)
 
32,217
253,548
TriMas Corp.
 
30,734
821,520
 
 
 
3,301,086
Metals & Mining - 2.4%
 
 
 
5E Advanced Materials, Inc. (a)(b)
 
4,058
5,438
Alpha Metallurgical Resources
 
7,981
2,643,068
Arch Resources, Inc.
 
13,360
2,148,154
Caledonia Mining Corp. PLC
 
11,958
132,375
Carpenter Technology Corp.
 
36,335
2,595,046
Coeur d'Alene Mines Corp. (a)(b)
 
265,015
999,107
Commercial Metals Co.
 
86,780
5,100,061
Constellium NV (a)
 
36,391
804,605
Contango ORE, Inc. (a)
 
2,877
57,108
Dakota Gold Corp. (a)
 
12,074
28,615
Haynes International, Inc.
 
9,402
565,248
Hecla Mining Co.
 
356,004
1,712,379
i-80 Gold Corp. (a)(b)
 
131,868
176,703
Kaiser Aluminum Corp.
 
659
58,888
Metallus, Inc. (a)
 
31,644
704,079
Olympic Steel, Inc.
 
7,274
515,581
Piedmont Lithium, Inc. (a)(b)
 
8,726
116,230
Radius Recycling, Inc. Class A
 
19,308
407,978
Ramaco Resources, Inc.
 
18,199
306,471
Ramaco Resources, Inc. Class B
 
1,106
13,880
Ryerson Holding Corp.
 
19,391
649,599
SunCoke Energy, Inc.
 
61,887
697,466
Tredegar Corp.
 
19,255
125,543
Warrior Metropolitan Coal, Inc.
 
38,389
2,330,212
Worthington Steel, Inc.
 
22,780
816,663
 
 
 
23,710,497
Paper & Forest Products - 0.1%
 
 
 
Clearwater Paper Corp. (a)
 
12,085
528,477
Glatfelter Corp. (a)
 
31,754
63,508
 
 
 
591,985
TOTAL MATERIALS
 
 
49,135,104
REAL ESTATE - 9.7%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 8.8%
 
 
 
Acadia Realty Trust (SBI)
 
76,680
1,304,327
Alexander & Baldwin, Inc.
 
56,140
924,626
Alpine Income Property Trust, Inc.
 
11,211
171,304
American Assets Trust, Inc.
 
38,200
836,962
Apartment Investment & Management Co. Class A (a)
 
106,770
874,446
Apple Hospitality (REIT), Inc.
 
162,249
2,657,639
Armada Hoffler Properties, Inc.
 
52,116
542,006
Braemar Hotels & Resorts, Inc.
 
51,929
103,858
Brandywine Realty Trust (SBI)
 
129,964
623,827
Broadstone Net Lease, Inc.
 
142,360
2,230,781
BRT Apartments Corp.
 
10,732
180,298
CareTrust (REIT), Inc.
 
81,625
1,989,201
CBL & Associates Properties, Inc.
 
5,519
126,440
Centerspace
 
11,594
662,481
Chatham Lodging Trust
 
37,491
379,034
City Office REIT, Inc.
 
31,171
162,401
Clipper Realty, Inc.
 
1,528
7,380
Community Healthcare Trust, Inc.
 
7,413
196,815
COPT Defense Properties (SBI)
 
84,650
2,045,991
CTO Realty Growth, Inc.
 
17,775
301,286
DiamondRock Hospitality Co.
 
158,680
1,524,915
Diversified Healthcare Trust (SBI)
 
177,467
436,569
Douglas Emmett, Inc.
 
120,914
1,677,077
Easterly Government Properties, Inc.
 
75,226
865,851
Elme Communities (SBI)
 
66,601
927,086
Empire State Realty Trust, Inc.
 
99,561
1,008,553
Equity Commonwealth
 
75,676
1,428,763
Essential Properties Realty Trust, Inc.
 
104,951
2,797,994
Farmland Partners, Inc.
 
34,294
380,663
Four Corners Property Trust, Inc.
 
61,483
1,504,489
Getty Realty Corp.
 
36,721
1,004,319
Gladstone Commercial Corp.
 
26,281
363,729
Gladstone Land Corp.
 
26,265
350,375
Global Medical REIT, Inc.
 
49,013
428,864
Global Net Lease, Inc.
 
147,411
1,145,383
Hudson Pacific Properties, Inc.
 
102,712
662,492
Independence Realty Trust, Inc.
 
169,583
2,735,374
InvenTrust Properties Corp.
 
51,684
1,328,796
JBG SMITH Properties
 
70,826
1,136,757
Kite Realty Group Trust
 
163,543
3,545,612
LTC Properties, Inc.
 
31,440
1,022,114
LXP Industrial Trust (REIT)
 
218,450
1,970,419
National Health Investors, Inc.
 
28,328
1,779,848
NETSTREIT Corp.
 
53,659
985,716
NexPoint Diversified Real Estate Trust
 
26,233
173,138
NexPoint Residential Trust, Inc.
 
12,287
395,519
Office Properties Income Trust
 
37,236
75,961
One Liberty Properties, Inc.
 
13,367
301,961
Orion Office (REIT), Inc.
 
44,588
156,504
Outfront Media, Inc.
 
58,931
989,451
Paramount Group, Inc.
 
137,679
645,715
Peakstone Realty Trust
 
26,893
433,784
Pebblebrook Hotel Trust
 
89,190
1,374,418
Phillips Edison & Co., Inc.
 
75,418
2,705,244
Piedmont Office Realty Trust, Inc. Class A
 
94,489
664,258
Plymouth Industrial REIT, Inc.
 
35,961
809,123
Postal Realty Trust, Inc.
 
18,023
258,089
Potlatch Corp.
 
59,217
2,784,383
Retail Opportunity Investments Corp.
 
93,669
1,200,837
RLJ Lodging Trust
 
116,327
1,374,985
Sabra Health Care REIT, Inc.
 
173,259
2,559,035
Safehold, Inc.
 
36,301
747,801
Saul Centers, Inc.
 
1,199
46,150
Service Properties Trust
 
124,641
845,066
SITE Centers Corp.
 
143,757
2,106,040
SL Green Realty Corp.
 
48,419
2,669,339
Summit Hotel Properties, Inc.
 
80,364
523,170
Sunstone Hotel Investors, Inc.
 
154,980
1,726,477
Tanger, Inc.
 
42,208
1,246,402
Terreno Realty Corp.
 
63,264
4,200,730
The Macerich Co.
 
161,438
2,781,577
UMH Properties, Inc.
 
39,048
634,140
Uniti Group, Inc.
 
178,642
1,053,988
Urban Edge Properties
 
87,083
1,503,923
Veris Residential, Inc.
 
59,026
897,785
Whitestone REIT Class B
 
38,144
478,707
Xenia Hotels & Resorts, Inc.
 
79,617
1,195,051
 
 
 
86,891,612
Real Estate Management & Development - 0.9%
 
 
 
American Realty Investments, Inc. (a)(b)
 
1,153
20,662
Anywhere Real Estate, Inc. (a)
 
72,325
446,969
Compass, Inc. (a)
 
31,232
112,435
Cushman & Wakefield PLC (a)
 
123,237
1,289,059
Digitalbridge Group, Inc.
 
82,277
1,585,478
Douglas Elliman, Inc.
 
60,031
94,849
Forestar Group, Inc. (a)
 
13,671
549,437
FRP Holdings, Inc. (a)
 
4,867
298,834
Kennedy-Wilson Holdings, Inc.
 
88,460
758,987
Marcus & Millichap, Inc.
 
10,924
373,273
Maui Land & Pineapple, Inc. (a)
 
317
6,866
Newmark Group, Inc.
 
101,268
1,123,062
Opendoor Technologies, Inc. (a)
 
397,836
1,205,443
RE/MAX Holdings, Inc.
 
12,339
108,213
Star Holdings
 
8,780
113,438
Stratus Properties, Inc. (a)
 
4,085
93,261
Tejon Ranch Co. (a)
 
15,371
236,867
The RMR Group, Inc.
 
3,902
93,648
Transcontinental Realty Investors, Inc. (a)
 
902
33,960
 
 
 
8,544,741
TOTAL REAL ESTATE
 
 
95,436,353
UTILITIES - 3.7%
 
 
 
Electric Utilities - 1.0%
 
 
 
Allete, Inc.
 
42,820
2,553,785
Genie Energy Ltd. Class B
 
7,165
108,048
MGE Energy, Inc. (b)
 
13,228
1,041,308
Otter Tail Corp. (b)
 
14,440
1,247,616
PNM Resources, Inc.
 
56,656
2,132,532
Portland General Electric Co.
 
75,316
3,163,272
 
 
 
10,246,561
Gas Utilities - 1.5%
 
 
 
Brookfield Infrastructure Corp. A Shares
 
79,519
2,865,865
Chesapeake Utilities Corp.
 
5,779
620,087
New Jersey Resources Corp.
 
34,275
1,470,740
Northwest Natural Holding Co.
 
27,344
1,017,744
ONE Gas, Inc.
 
41,050
2,648,957
RGC Resources, Inc.
 
5,802
117,432
Southwest Gas Holdings, Inc.
 
46,306
3,525,276
Spire, Inc.
 
38,838
2,383,488
 
 
 
14,649,589
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
Altus Power, Inc. Class A (a)(b)
 
47,483
226,969
Ormat Technologies, Inc.
 
14,270
944,531
Sunnova Energy International, Inc. (a)(b)
 
40,363
247,425
 
 
 
1,418,925
Multi-Utilities - 0.8%
 
 
 
Avista Corp.
 
57,646
2,018,763
Black Hills Corp.
 
50,820
2,774,772
NorthWestern Energy Corp.
 
45,804
2,332,798
Unitil Corp.
 
8,469
443,352
 
 
 
7,569,685
Water Utilities - 0.3%
 
 
 
Artesian Resources Corp. Class A
 
1,839
68,245
California Water Service Group
 
29,289
1,361,353
Consolidated Water Co., Inc.
 
8,134
238,408
SJW Group
 
23,743
1,343,616
 
 
 
3,011,622
TOTAL UTILITIES
 
 
36,896,382
 
TOTAL COMMON STOCKS
 (Cost $881,601,879)
 
 
 
984,937,077
 
 
 
 
U.S. Treasury Obligations - 0.0%
 
 
Principal
Amount (d)
 
Value ($)
 
U.S. Treasury Bills, yield at date of purchase 5.3% 5/23/24 (e)
 
 (Cost $99,244)
 
 
100,000
99,242
 
 
 
 
Money Market Funds - 4.8%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (f)
 
408,179
408,260
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g)
 
47,065,913
47,070,620
 
TOTAL MONEY MARKET FUNDS
 (Cost $47,478,880)
 
 
47,478,880
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 104.6%
 (Cost $929,180,003)
 
 
 
1,032,515,199
NET OTHER ASSETS (LIABILITIES) - (4.6)% (h)
(45,046,794)
NET ASSETS - 100.0%
987,468,405
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
 
 
 
 
 
 
 
 
 
 
 
Equity Index Contracts
 
 
 
 
 
CME E-mini Russell 2000 Index Contracts (United States)
22
Jun 2024
2,360,490
40,312
40,312
 
 
 
 
 
 
The notional amount of futures purchased as a percentage of Net Assets is 0.2%
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
Level 3 security
 
(d)
Amount is stated in United States dollars unless otherwise noted.
 
(e)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $99,242.
 
(f)
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.
 
(g)
Investment made with cash collateral received from securities on loan.
 
(h)
Includes $48,777 of cash collateral to cover margin requirements for futures contracts.
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
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 5.39%
2,009,758
120,457,244
122,058,742
58,610
-
-
408,260
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
52,540,381
182,621,360
188,091,121
701,363
-
-
47,070,620
0.2%
Total
54,550,139
303,078,604
310,149,863
759,973
-
-
47,478,880
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
 
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted 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)
 
Valuation techniques used to value 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 service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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