NPORT-EX 2 QTLY_2356_20240731.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Small Cap Index Fund
July 31, 2024
SSP-NPRT1-0924
1.883104.112
Common Stocks - 99.1%
 
  
Shares
Value ($)
 
COMMUNICATION SERVICES - 2.5%
 
  
  
Diversified Telecommunication Services - 0.5%
  
  
  
Anterix, Inc. (a)
  
133,553
5,376,844
AST SpaceMobile, Inc. Class A, (a)(b)
  
1,238,403
25,610,174
ATN International, Inc.
 
110,565
3,280,464
Bandwidth, Inc. Class A, (a)(b)
  
259,952
5,932,105
Cogent Communications Group, Inc. (b)
  
461,878
32,603,968
Consolidated Communications Holdings, Inc. (a)
  
767,316
3,529,654
Globalstar, Inc. (a)(b)
  
7,636,284
9,239,904
IDT Corp. Class B
 
161,793
6,185,346
Liberty Latin America Ltd.:
  
  
  
 Class A (a)
  
115,366
1,209,036
 Class C (a)(b)
  
1,629,023
17,267,644
Lumen Technologies, Inc. (a)(b)
  
10,575,790
33,313,739
Shenandoah Telecommunications Co.
 
508,859
10,833,608
 
  
  
154,382,486
Entertainment - 0.5%
  
  
  
AMC Entertainment Holdings, Inc. Class A (b)
  
2,915,652
15,482,112
Atlanta Braves Holdings, Inc.:
  
  
  
 Class A (b)
  
104,788
4,811,865
 Class C,
 
527,622
22,914,623
Cinemark Holdings, Inc. (a)(b)
  
1,154,603
27,225,539
Eventbrite, Inc. (a)
  
866,603
4,237,689
Golden Matrix Group, Inc. (a)(b)
  
206,954
461,507
IMAX Corp. (a)
  
448,455
9,462,401
Lions Gate Entertainment Corp.:
  
  
  
 Class A (a)(b)
  
928,243
8,511,988
 Class B (a)
  
949,586
7,824,589
LiveOne, Inc. (a)
  
715,140
1,215,738
Loop Media, Inc. (a)(b)
  
96,880
12,604
Madison Square Garden Entertainment Corp. Class A (a)(b)
  
411,984
16,269,248
Marcus Corp.
 
247,168
3,111,845
Playstudios, Inc. Class A (a)
  
890,878
1,933,205
Reservoir Media, Inc. (a)(b)
  
198,739
1,581,962
Sphere Entertainment Co. (a)(b)
  
278,491
12,387,280
Vivid Seats, Inc. Class A (a)(b)
  
825,461
4,028,250
 
  
  
141,472,445
Interactive Media & Services - 0.6%
  
  
  
Bumble, Inc. (a)
  
1,001,008
9,349,415
CarGurus, Inc. Class A (a)
  
927,367
23,017,249
Cars.com, Inc. (a)
  
692,769
14,284,897
EverQuote, Inc. Class A (a)(b)
  
264,602
6,903,466
fuboTV, Inc. (a)(b)
  
3,072,154
4,485,345
Getty Images Holdings, Inc. (a)(b)
  
1,058,146
4,031,536
Grindr, Inc. (a)(b)
  
256,987
2,988,759
MediaAlpha, Inc. Class A (a)
  
258,588
3,793,486
Nextdoor Holdings, Inc. Class A (a)
  
1,830,618
5,198,955
Outbrain, Inc. (a)
  
394,941
1,887,818
QuinStreet, Inc. (a)
  
553,257
10,345,906
Shutterstock, Inc. (b)
  
262,645
11,614,162
System1, Inc. (a)(b)
  
241,335
328,216
TrueCar, Inc. (a)
  
899,015
3,290,395
Vimeo, Inc. (a)
  
1,556,872
6,258,625
Yelp, Inc. (a)
  
687,985
25,063,294
Ziff Davis, Inc. (a)
  
475,749
22,778,862
ZipRecruiter, Inc. (a)
  
743,692
6,812,219
 
  
  
162,432,605
Media - 0.8%
  
  
  
Advantage Solutions, Inc. Class A (a)(b)
  
1,125,519
4,513,331
AMC Networks, Inc. Class A (a)(b)
  
332,512
3,700,859
Boston Omaha Corp. (a)(b)
  
256,016
3,763,435
Cable One, Inc. (b)
  
59,054
24,411,743
Cardlytics, Inc. (a)(b)
  
421,250
3,492,163
Clear Channel Outdoor Holdings, Inc. (a)
  
3,646,405
6,053,032
E.W. Scripps Co. Class A (a)(b)
  
632,013
2,376,369
EchoStar Corp. Class A (a)
  
1,275,659
25,615,233
Emerald Holding, Inc. (a)(b)
  
164,118
930,549
Entravision Communication Corp. Class A
 
650,385
1,424,343
Gambling.com Group Ltd. (a)(b)
  
184,598
1,775,833
Gannett Co., Inc. (a)(b)
  
1,490,345
7,317,594
Gray Television, Inc.
 
893,513
5,745,289
Ibotta, Inc. (b)
  
79,943
5,375,367
iHeartMedia, Inc. (a)(b)
  
1,067,295
1,899,785
Innovid Corp. (a)(b)
  
1,120,622
2,375,719
Integral Ad Science Holding Corp. (a)
  
760,824
7,745,188
John Wiley & Sons, Inc. Class A
 
378,740
18,084,835
Magnite, Inc. (a)
  
1,321,861
19,219,859
National CineMedia, Inc. (a)(b)
  
745,415
4,502,307
PubMatic, Inc. Class A (a)
  
441,470
9,694,681
Scholastic Corp.
 
247,323
7,748,630
Sinclair, Inc. Class A (b)
  
335,596
5,161,466
Stagwell, Inc. (a)(b)
  
953,984
6,372,613
TechTarget, Inc. (a)
  
271,891
8,700,512
TEGNA, Inc.
 
1,845,300
29,395,629
Thryv Holdings, Inc. (a)(b)
  
331,109
6,450,003
Townsquare Media, Inc.
 
135,579
1,637,794
WideOpenWest, Inc. (a)
  
511,018
2,785,048
 
  
  
228,269,209
Wireless Telecommunication Services - 0.1%
  
  
  
Gogo, Inc. (a)(b)
  
673,803
6,118,131
Spok Holdings, Inc.
 
198,061
3,036,275
Telephone & Data Systems, Inc.
 
1,035,153
21,945,244
 
  
  
31,099,650
TOTAL COMMUNICATION SERVICES
  
  
717,656,395
CONSUMER DISCRETIONARY - 9.9%
 
  
  
Automobile Components - 1.3%
  
  
  
Adient PLC (a)
  
949,356
24,455,411
American Axle & Manufacturing Holdings, Inc. (a)
  
1,198,157
8,902,307
Cooper-Standard Holding, Inc. (a)(b)
  
176,686
2,611,419
Dana, Inc.
 
1,360,920
17,297,293
Dorman Products, Inc. (a)
  
274,941
27,870,769
Fox Factory Holding Corp. (a)
  
442,480
23,624,007
Gentherm, Inc. (a)
  
329,494
18,181,479
Holley, Inc. (a)(b)
  
481,538
1,897,260
LCI Industries
 
260,082
30,348,969
Luminar Technologies, Inc. Class A (a)(b)
  
3,503,776
5,816,268
Modine Manufacturing Co. (a)
  
542,722
63,856,671
Patrick Industries, Inc.
 
226,629
29,022,110
Phinia, Inc. (b)
  
476,733
21,309,965
Solid Power, Inc. (a)(b)
  
1,636,756
3,077,101
Standard Motor Products, Inc.
 
224,434
7,345,725
Stoneridge, Inc. (a)
  
283,213
4,760,811
The Goodyear Tire & Rubber Co. (a)(b)
  
2,980,204
34,868,387
Visteon Corp. (a)
  
285,646
33,003,539
XPEL, Inc. (a)(b)
  
264,916
10,827,117
 
  
  
369,076,608
Automobiles - 0.1%
  
  
  
Canoo, Inc. (a)(b)
  
622,901
1,252,031
LiveWire Group, Inc. (a)(b)
  
191,820
1,413,713
Winnebago Industries, Inc. (b)
  
301,591
18,855,469
Workhorse Group, Inc. (a)(b)
  
4,847
7,077
 
  
  
21,528,290
Broadline Retail - 0.0%
  
  
  
1stDibs.com, Inc. (a)
  
267,139
1,223,497
Groupon, Inc. (a)(b)
  
240,547
3,204,086
Qurate Retail, Inc. Class B (a)
  
12,332
49,081
Savers Value Village, Inc. (a)(b)
  
242,714
2,473,256
 
  
  
6,949,920
Distributors - 0.1%
  
  
  
A-Mark Precious Metals, Inc. (b)
  
183,735
7,062,773
GigaCloud Technology, Inc. Class A (a)(b)
  
246,895
7,266,120
Weyco Group, Inc.
 
63,746
2,218,998
 
  
  
16,547,891
Diversified Consumer Services - 0.9%
  
  
  
Adtalem Global Education, Inc. (a)(b)
  
410,145
32,159,469
American Public Education, Inc. (a)
  
166,228
3,317,911
Carriage Services, Inc.
 
143,208
4,591,248
Chegg, Inc. (a)(b)
  
1,028,657
3,507,720
Coursera, Inc. (a)
  
1,441,257
13,403,690
European Wax Center, Inc. (a)(b)
  
354,586
3,329,563
Frontdoor, Inc. (a)
  
822,073
32,439,001
Graham Holdings Co.
 
34,495
26,728,451
Laureate Education, Inc.
 
1,406,545
21,801,448
Lincoln Educational Services Corp. (a)
  
275,883
3,892,709
Mister Car Wash, Inc. (a)(b)
  
982,444
7,466,574
Nerdy, Inc. Class A (a)(b)
  
751,143
1,299,477
OneSpaWorld Holdings Ltd.
 
1,057,610
17,016,945
Perdoceo Education Corp.
 
686,949
17,029,466
Strategic Education, Inc.
 
233,775
24,639,885
Stride, Inc. (a)(b)
  
447,469
33,998,695
Udemy, Inc. (a)
  
1,008,660
9,320,018
Universal Technical Institute, Inc. (a)
  
416,498
7,888,472
 
  
  
263,830,742
Hotels, Restaurants & Leisure - 1.7%
  
  
  
Accel Entertainment, Inc. (a)
  
550,196
6,712,391
Bally's Corp. (a)(b)
  
249,579
4,300,246
Biglari Holdings, Inc. Class B (a)
  
7,431
1,491,773
BJ's Restaurants, Inc. (a)(b)
  
199,386
6,296,610
Bloomin' Brands, Inc.
 
826,368
17,229,773
Brinker International, Inc. (a)
  
462,185
30,878,580
Chuy's Holdings, Inc. (a)
  
179,957
6,674,605
Cracker Barrel Old Country Store, Inc. (b)
  
232,331
10,647,730
Dave & Buster's Entertainment, Inc. (a)(b)
  
344,110
12,941,977
Denny's Corp. (a)
  
520,029
3,827,413
Despegar.com Corp. (a)(b)
  
649,629
7,548,689
Dine Brands Global, Inc.
 
158,490
5,680,282
El Pollo Loco Holdings, Inc. (a)
  
280,466
3,382,420
Empire Resorts, Inc. (c)
  
17,230
0
Everi Holdings, Inc. (a)
  
828,132
10,658,059
First Watch Restaurant Group, Inc. (a)(b)
  
318,832
5,187,397
Full House Resorts, Inc. (a)(b)
  
343,334
1,932,970
Global Business Travel Group, Inc. (a)(b)
  
1,322,478
8,887,052
Golden Entertainment, Inc.
 
212,100
7,090,503
Hilton Grand Vacations, Inc. (a)
  
774,155
33,451,238
Inspired Entertainment, Inc. (a)(b)
  
228,660
2,110,532
International Game Technology PLC
 
1,193,591
28,013,581
Jack in the Box, Inc. (b)
  
204,857
12,176,700
Krispy Kreme, Inc. (b)
  
896,836
9,533,367
Kura Sushi U.S.A., Inc. Class A (a)(b)
  
62,546
3,595,770
Life Time Group Holdings, Inc. (a)(b)
  
618,759
12,851,624
Lindblad Expeditions Holdings (a)(b)
  
374,250
3,222,293
Monarch Casino & Resort, Inc.
 
139,748
10,939,473
Mondee Holdings, Inc. Class A (a)(b)
  
404,690
1,210,023
Nathan's Famous, Inc.
 
27,480
2,062,374
Papa John's International, Inc.
 
345,854
15,297,122
PlayAGS, Inc. (a)
  
411,984
4,717,217
Portillo's, Inc. Class A (a)(b)
  
563,822
5,841,196
Potbelly Corp. (a)
  
281,290
2,053,417
RCI Hospitality Holdings, Inc. (b)
  
91,040
4,504,659
Red Rock Resorts, Inc.
 
514,486
29,325,702
Rush Street Interactive, Inc. (a)
  
804,519
8,053,235
Sabre Corp. (a)
  
3,941,308
13,518,686
Shake Shack, Inc. Class A (a)
  
399,441
34,999,020
Six Flags Entertainment Corp.
 
444,552
21,174,012
Super Group SGHC Ltd.
 
1,569,247
6,010,216
Sweetgreen, Inc. Class A (a)
  
1,037,522
28,511,105
Target Hospitality Corp. (a)(b)
  
342,467
3,205,491
The Cheesecake Factory, Inc.
 
506,575
19,700,702
The ONE Group Hospitality, Inc. (a)(b)
  
215,244
1,091,287
United Parks & Resorts, Inc. (a)(b)
  
373,802
19,680,675
Vacasa, Inc. Class A (a)(b)
  
97,049
401,783
Xponential Fitness, Inc. (a)(b)
  
251,671
4,321,191
 
  
  
492,942,161
Household Durables - 2.4%
  
  
  
Beazer Homes U.S.A., Inc. (a)
  
310,171
10,443,458
Cavco Industries, Inc. (a)
  
88,132
36,541,290
Century Communities, Inc.
 
297,537
31,155,099
Cricut, Inc. (b)
  
477,487
2,965,194
Dream Finders Homes, Inc. (a)(b)
  
294,157
9,280,653
Ethan Allen Interiors, Inc.
 
240,828
7,434,360
Flexsteel Industries, Inc.
 
48,569
1,843,194
GoPro, Inc. Class A (a)
  
1,278,383
1,943,142
Green Brick Partners, Inc. (a)
  
330,584
24,182,220
Hamilton Beach Brands Holding Co. Class A (b)
  
89,854
1,754,849
Helen of Troy Ltd. (a)
  
248,565
14,692,677
Hooker Furnishings Corp.
 
109,440
1,671,149
Hovnanian Enterprises, Inc. Class A (a)
  
52,344
10,986,482
Installed Building Products, Inc.
 
251,625
68,026,819
iRobot Corp. (a)(b)
  
296,498
3,495,711
KB Home
 
706,205
60,790,126
La-Z-Boy, Inc.
 
449,981
19,862,161
Landsea Homes Corp. Class A (a)
  
188,454
2,295,370
Legacy Housing Corp. (a)
  
116,717
3,324,100
LGI Homes, Inc. (a)(b)
  
218,803
25,177,661
Lifetime Brands, Inc.
 
129,354
1,117,619
Lovesac (a)
  
148,979
4,076,065
M/I Homes, Inc. (a)
  
283,292
47,261,604
Meritage Homes Corp.
 
376,843
76,450,139
Purple Innovation, Inc. Class A (a)
  
585,377
807,820
Skyline Champion Corp. (a)
  
563,431
45,925,261
Sonos, Inc. (a)
  
1,291,173
17,430,836
Taylor Morrison Home Corp. (a)
  
1,089,024
73,051,730
Traeger, Inc. (a)(b)
  
357,727
872,854
TRI Pointe Homes, Inc. (a)
  
980,072
44,348,258
United Homes Group, Inc. (a)(b)
  
54,461
338,203
Vizio Holding Corp. (a)(b)
  
929,841
10,209,654
Worthington Enterprises, Inc.
 
329,575
16,449,088
 
  
  
676,204,846
Leisure Products - 0.4%
  
  
  
Acushnet Holdings Corp. (b)
  
305,148
22,147,642
AMMO, Inc. (a)(b)
  
942,511
1,715,370
Clarus Corp.
 
318,513
1,923,819
Escalade, Inc. (b)
  
103,742
1,543,681
Funko, Inc. (a)(b)
  
324,969
3,246,440
JAKKS Pacific, Inc. (a)
  
85,274
1,794,165
Johnson Outdoors, Inc. Class A (b)
  
48,817
2,069,841
Latham Group, Inc. (a)
  
427,467
1,555,980
Malibu Boats, Inc. Class A (a)
  
212,939
8,100,200
Marine Products Corp.
 
94,571
1,001,507
MasterCraft Boat Holdings, Inc. (a)(b)
  
176,269
3,856,766
Peloton Interactive, Inc. Class A (a)(b)
  
3,542,217
12,610,293
Smith & Wesson Brands, Inc.
 
476,344
7,883,493
Solo Brands, Inc. Class A (a)(b)
  
169,756
405,717
Sturm, Ruger & Co., Inc.
 
176,294
7,952,622
Topgolf Callaway Brands Corp. (a)(b)
  
1,486,455
24,526,508
Vista Outdoor, Inc. (a)
  
611,373
24,840,085
 
  
  
127,174,129
Specialty Retail - 2.4%
  
  
  
1-800-FLOWERS.com, Inc. Class A (a)(b)
  
269,482
2,791,834
a.k.a. Brands Holding Corp. (a)(b)
  
7,033
120,897
Abercrombie & Fitch Co. Class A (a)
  
527,915
77,856,904
Academy Sports & Outdoors, Inc.
 
757,786
40,973,489
America's Car Mart, Inc. (a)(b)
  
62,961
4,360,049
American Eagle Outfitters, Inc.
 
1,913,921
42,201,958
Arhaus, Inc. Class A, (b)
  
540,652
8,212,504
Arko Corp. (b)
  
836,878
5,481,551
Asbury Automotive Group, Inc. (a)(b)
  
212,489
57,206,289
BARK, Inc. (a)(b)
  
1,389,325
2,153,454
Beyond, Inc. (a)(b)
  
479,222
5,415,209
Boot Barn Holdings, Inc. (a)
  
310,671
41,468,365
Build-A-Bear Workshop, Inc. (b)
  
135,688
3,679,859
Caleres, Inc. (b)
  
359,744
13,871,729
Camping World Holdings, Inc. (b)
  
440,837
10,086,351
Citi Trends, Inc. (a)(b)
  
82,927
1,626,198
Designer Brands, Inc. Class A (b)
  
440,659
3,595,777
Destination XL Group, Inc. (a)(b)
  
557,716
2,080,281
EVgo, Inc. Class A (a)(b)
  
1,060,494
4,072,297
Foot Locker, Inc. (b)
  
874,772
25,420,874
Genesco, Inc. (a)(b)
  
112,882
3,480,152
Group 1 Automotive, Inc.
 
138,861
50,784,245
GrowGeneration Corp. (a)(b)
  
608,893
1,406,543
Haverty Furniture Companies, Inc. (b)
  
151,952
4,447,635
J. Jill, Inc.
 
50,030
1,923,654
Lands' End, Inc. (a)(b)
  
148,427
2,625,674
Leslie's, Inc. (a)(b)
  
1,876,900
5,536,855
MarineMax, Inc. (a)
  
226,686
7,904,541
Monro, Inc.
 
313,131
9,650,697
National Vision Holdings, Inc. (a)(b)
  
813,079
11,757,122
OneWater Marine, Inc. Class A (a)(b)
  
125,326
3,093,046
Petco Health & Wellness Co., Inc. Class A (a)(b)
  
866,903
2,999,484
Revolve Group, Inc. (a)(b)
  
403,470
7,807,145
RumbleON, Inc. Class B (a)(b)
  
165,470
681,736
Sally Beauty Holdings, Inc. (a)(b)
  
1,092,774
12,512,262
Shoe Carnival, Inc.
 
188,936
8,024,112
Signet Jewelers Ltd.
 
448,094
37,698,148
Sleep Number Corp. (a)(b)
  
225,628
2,662,410
Sonic Automotive, Inc. Class A (sub. vtg.)
 
152,604
9,086,042
Stitch Fix, Inc. (a)(b)
  
943,778
4,445,194
The Aaron's Co., Inc.
 
322,330
3,223,300
The Buckle, Inc.
 
325,353
14,051,996
The ODP Corp. (a)
  
372,828
15,751,983
The RealReal, Inc. (a)(b)
  
1,026,853
3,840,430
thredUP, Inc. (a)(b)
  
816,855
1,715,396
Tile Shop Holdings, Inc. (a)(b)
  
301,585
2,177,444
Tilly's, Inc. (a)(b)
  
142,874
837,242
Torrid Holdings, Inc. (a)(b)
  
128,015
1,062,525
Upbound Group, Inc.
 
563,183
21,248,895
Urban Outfitters, Inc. (a)
  
672,374
30,962,823
Victoria's Secret & Co. (a)
  
821,482
14,581,306
Warby Parker, Inc. (a)
  
915,991
15,086,372
Winmark Corp.
 
30,296
11,986,309
Zumiez, Inc. (a)(b)
  
171,618
4,362,530
 
  
  
682,091,117
Textiles, Apparel & Luxury Goods - 0.6%
  
  
  
Figs, Inc. Class A (a)(b)
  
1,360,931
8,846,052
G-III Apparel Group Ltd. (a)
  
423,171
11,666,824
Hanesbrands, Inc. (a)(b)
  
3,688,515
21,909,779
Kontoor Brands, Inc.
 
583,695
40,946,204
Movado Group, Inc.
 
158,930
4,116,287
Oxford Industries, Inc.
 
155,861
16,416,839
Rocky Brands, Inc.
 
76,392
2,618,718
Steven Madden Ltd.
 
761,456
34,524,415
Superior Group of Companies, Inc.
 
137,669
2,742,366
Vera Bradley, Inc. (a)(b)
  
270,436
1,860,600
Wolverine World Wide, Inc.
 
832,838
12,384,301
 
  
  
158,032,385
TOTAL CONSUMER DISCRETIONARY
  
  
2,814,378,089
CONSUMER STAPLES - 2.7%
 
  
  
Beverages - 0.3%
  
  
  
Duckhorn Portfolio, Inc. (a)(b)
  
552,888
4,013,967
MGP Ingredients, Inc. (b)
  
148,775
12,132,601
National Beverage Corp.
 
246,566
12,029,955
Primo Water Corp.
 
1,661,727
36,441,673
The Vita Coco Co., Inc. (a)(b)
  
412,937
10,670,292
 
  
  
75,288,488
Consumer Staples Distribution & Retail - 0.8%
  
  
  
Andersons, Inc.
 
342,979
18,702,645
Chefs' Warehouse Holdings (a)
  
368,673
15,333,110
HF Foods Group, Inc. (a)(b)
  
407,907
1,627,549
Ingles Markets, Inc. Class A
 
150,135
12,168,442
Natural Grocers by Vitamin Cottage, Inc.
 
99,472
2,713,596
PriceSmart, Inc.
 
263,371
24,053,673
SpartanNash Co.
 
355,831
7,515,151
Sprouts Farmers Market LLC (a)
  
1,056,763
105,560,056
United Natural Foods, Inc. (a)
  
614,278
9,521,309
Village Super Market, Inc. Class A
 
89,638
2,839,732
Weis Markets, Inc.
 
172,179
12,990,906
 
  
  
213,026,169
Food Products - 0.9%
  
  
  
Alico, Inc.
 
72,565
2,137,039
B&G Foods, Inc. (b)
  
813,922
7,016,008
Beyond Meat, Inc. (a)(b)
  
624,230
3,920,164
BRC, Inc. Class A (a)(b)
  
548,279
3,130,673
Cal-Maine Foods, Inc.
 
431,044
30,849,819
Calavo Growers, Inc.
 
175,147
4,166,747
Dole PLC
 
787,882
11,700,048
Forafric Global PLC (a)(b)
  
46,322
543,357
Fresh Del Monte Produce, Inc.
 
350,882
8,789,594
J&J Snack Foods Corp.
 
160,422
27,063,191
John B. Sanfilippo & Son, Inc.
 
94,114
9,869,735
Lancaster Colony Corp.
 
205,648
39,702,403
Lifeway Foods, Inc. (a)(b)
  
48,381
596,538
Limoneira Co. (b)
  
177,560
3,913,422
Mama's Creations, Inc. (a)
  
350,526
2,671,008
Mission Produce, Inc. (a)(b)
  
453,360
5,095,766
Seneca Foods Corp. Class A (a)(b)
  
50,081
3,021,888
SunOpta, Inc. (a)(b)
  
963,172
5,104,812
The Hain Celestial Group, Inc. (a)
  
931,990
7,213,603
The Simply Good Foods Co. (a)(b)
  
957,363
32,473,753
TreeHouse Foods, Inc. (a)
  
512,349
20,637,418
Utz Brands, Inc. Class A (b)
  
684,730
10,161,393
Vital Farms, Inc. (a)
  
344,104
12,556,355
Westrock Coffee Holdings (a)(b)
  
351,964
3,484,444
Whole Earth Brands, Inc. (a)
  
327,771
1,596,245
WK Kellogg Co.
 
688,365
12,115,224
 
  
  
269,530,647
Household Products - 0.3%
  
  
  
Central Garden & Pet Co. (a)(b)
  
297,730
11,861,563
Central Garden & Pet Co. Class A (non-vtg.)
 
327,794
11,263,002
Energizer Holdings, Inc.
 
748,020
23,031,536
Oil-Dri Corp. of America
 
51,859
3,376,021
WD-40 Co.
 
142,969
37,402,120
 
  
  
86,934,242
Personal Care Products - 0.3%
  
  
  
Edgewell Personal Care Co.
 
514,843
20,156,103
Herbalife Ltd. (a)(b)
  
1,044,185
12,822,592
Inter Parfums, Inc.
 
191,290
26,910,677
MediFast, Inc. (b)
  
111,793
2,451,620
Nature's Sunshine Products, Inc. (a)
  
133,144
2,278,094
Nu Skin Enterprises, Inc. Class A
 
513,097
5,756,948
Olaplex Holdings, Inc. (a)
  
1,438,046
2,991,136
The Beauty Health Co. Class A, (a)(b)
  
768,114
1,421,011
The Honest Co., Inc. (a)
  
842,415
3,142,208
USANA Health Sciences, Inc. (a)
  
117,575
5,243,845
Veru, Inc. (a)(b)
  
1,369,229
1,281,872
Waldencast PLC (a)(b)
  
250,768
787,412
 
  
  
85,243,518
Tobacco - 0.1%
  
  
  
Ispire Technology, Inc. (a)(b)
  
201,464
1,539,185
Turning Point Brands, Inc.
 
180,881
6,822,831
Universal Corp.
 
253,507
13,542,344
Vector Group Ltd.
 
1,536,724
19,639,333
 
  
  
41,543,693
TOTAL CONSUMER STAPLES
  
  
771,566,757
ENERGY - 6.0%
 
  
  
Energy Equipment & Services - 2.7%
  
  
  
Archrock, Inc.
 
1,622,745
33,639,504
Atlas Energy Solutions, Inc.
 
715,108
15,188,894
Borr Drilling Ltd.
 
2,486,020
17,029,237
Bristow Group, Inc. (a)
  
256,424
9,731,291
Cactus, Inc. (b)
  
687,697
43,407,435
Championx Corp.
 
2,001,289
68,564,161
Core Laboratories, Inc.
 
490,840
12,020,672
Diamond Offshore Drilling, Inc. (a)
  
1,073,234
17,622,502
DMC Global, Inc. (a)
  
204,772
2,764,422
Dril-Quip, Inc. (a)
  
357,387
6,189,943
Drilling Tools International Corp. (a)(b)
  
93,843
536,782
Expro Group Holdings NV (a)
  
996,528
23,139,380
Forum Energy Technologies, Inc. (a)(b)
  
118,854
2,192,856
Geospace Technologies Corp. (a)(b)
  
130,161
1,214,402
Helix Energy Solutions Group, Inc. (a)
  
1,510,435
17,823,133
Helmerich & Payne, Inc. (b)
  
1,014,119
40,990,690
Kodiak Gas Services, Inc.
 
211,185
6,092,687
Liberty Energy, Inc. Class A
 
1,694,355
40,918,673
Mammoth Energy Services, Inc. (a)(b)
  
231,637
931,181
Nabors Industries Ltd. (a)(b)
  
95,131
9,782,321
Natural Gas Services Group, Inc. (a)
  
113,809
2,317,151
Newpark Resources, Inc. (a)(b)
  
869,158
7,179,245
Noble Corp. PLC
 
1,201,520
56,735,774
Oceaneering International, Inc. (a)
  
1,060,528
31,837,051
Oil States International, Inc. (a)
  
621,231
3,553,441
Patterson-UTI Energy, Inc.
 
4,184,654
45,989,347
ProFrac Holding Corp. Class A (a)(b)
  
232,614
2,160,984
ProPetro Holding Corp. (a)
  
942,246
9,036,139
Ranger Energy Services, Inc. Class A
 
171,021
2,218,142
RPC, Inc.
 
889,514
6,644,670
SEACOR Marine Holdings, Inc. (a)
  
255,050
3,534,993
Seadrill Ltd. (a)
  
780,162
42,916,712
Select Water Solutions, Inc. Class A
 
962,687
11,378,960
Solaris Oilfield Infrastructure, Inc. Class A
 
268,725
3,533,734
TETRA Technologies, Inc. (a)
  
1,309,546
4,884,607
Tidewater, Inc. (a)
  
512,063
50,673,754
Transocean Ltd. (United States) (a)(b)
  
7,625,256
44,150,232
U.S. Silica Holdings, Inc. (a)
  
793,730
12,294,878
Valaris Ltd. (a)
  
658,110
51,720,865
 
  
  
762,540,845
Oil, Gas & Consumable Fuels - 3.3%
  
  
  
Aemetis, Inc. (a)(b)
  
380,846
1,222,516
Amplify Energy Corp. (a)
  
409,984
3,078,980
Ardmore Shipping Corp.
 
438,283
9,501,975
Berry Corp.
 
807,968
5,542,660
California Resources Corp.
 
723,485
37,216,068
Centrus Energy Corp. Class A (a)(b)
  
147,197
6,431,037
Chord Energy Corp.:
  
  
  
 warrants 9/1/24 (a)
  
29,463
964,913
 warrants 9/1/25 (a)
  
14,729
397,241
Clean Energy Fuels Corp. (a)(b)
  
1,780,941
5,075,682
CNX Resources Corp. (a)(b)
  
1,567,797
41,499,587
Comstock Resources, Inc. (b)
  
968,164
9,168,513
CONSOL Energy, Inc. (a)
  
307,166
30,658,238
Crescent Energy, Inc. Class A
 
1,447,839
17,707,071
CVR Energy, Inc.
 
360,295
10,304,437
Delek U.S. Holdings, Inc.
 
665,021
15,814,199
DHT Holdings, Inc.
 
1,418,206
16,663,921
Diversified Energy Co. PLC (b)
  
495,034
8,143,309
Dorian LPG Ltd.
 
363,371
14,847,339
Empire Petroleum Corp. (a)(b)
  
146,793
802,958
enCore Energy Corp. (a)(b)
  
1,864,043
7,269,768
Energy Fuels, Inc. (a)(b)
  
1,702,579
9,687,675
Evolution Petroleum Corp.
 
325,147
1,827,326
Excelerate Energy, Inc.
 
183,571
3,695,284
FLEX LNG Ltd. (b)
  
320,389
8,618,464
FutureFuel Corp.
 
272,035
1,520,676
Golar LNG Ltd.
 
1,038,387
36,239,706
Granite Ridge Resources, Inc. (b)
  
550,031
3,767,712
Green Plains, Inc. (a)
  
665,809
11,804,794
Gulfport Energy Corp. (a)
  
136,125
20,038,961
Hallador Energy Co. (a)
  
260,106
2,070,444
HighPeak Energy, Inc. (b)
  
154,104
2,590,488
International Seaways, Inc.
 
424,217
23,756,152
Kinetik Holdings, Inc.
 
405,299
16,811,803
Kosmos Energy Ltd. (a)(b)
  
4,895,493
27,072,076
Magnolia Oil & Gas Corp. Class A
 
1,817,631
49,512,268
Murphy Oil Corp.
 
1,518,520
62,836,358
NACCO Industries, Inc. Class A
 
42,340
1,274,857
Nextdecade Corp. (a)(b)
  
1,209,040
9,805,314
Nordic American Tanker Shipping Ltd.
 
2,144,234
7,997,993
Northern Oil & Gas, Inc.
 
1,040,590
44,943,082
Par Pacific Holdings, Inc. (a)
  
599,538
15,917,734
PBF Energy, Inc. Class A
 
1,089,286
44,388,405
Peabody Energy Corp.
 
1,341,446
29,793,516
PrimeEnergy Corp. (a)
  
7,180
848,102
Rex American Resources Corp. (a)
  
162,197
8,241,230
Riley Exploration Permian, Inc.
 
120,087
3,517,348
Ring Energy, Inc. (a)(b)
  
1,515,563
2,985,659
Sable Offshore Corp. (a)(b)
  
528,094
8,882,541
SandRidge Energy, Inc.
 
336,886
4,578,281
Scorpio Tankers, Inc.
 
491,969
37,724,183
SFL Corp. Ltd.
 
1,186,651
14,049,948
SilverBow Resources, Inc. (a)(c)
  
306
11,267
Sitio Royalties Corp.
 
875,007
21,306,420
SM Energy Co.
 
1,199,864
55,433,717
Talos Energy, Inc. (a)
  
1,543,935
18,280,190
Teekay Corp. (a)
  
598,749
5,191,154
Teekay Tankers Ltd.
 
252,031
16,492,909
Ur-Energy, Inc. (a)(b)
  
2,870,086
3,558,907
Uranium Energy Corp. (a)(b)
  
4,130,609
24,494,511
VAALCO Energy, Inc.
 
1,099,232
7,870,501
Verde Clean Fuels, Inc. (a)(b)
  
33,520
146,147
Vital Energy, Inc. (a)(b)
  
298,480
13,016,713
Vitesse Energy, Inc. (b)
  
267,057
6,932,800
W&T Offshore, Inc. (b)
  
971,278
2,340,780
World Kinect Corp.
 
617,457
17,245,574
 
  
  
951,430,382
TOTAL ENERGY
  
  
1,713,971,227
FINANCIALS - 18.0%
 
  
  
Banks - 10.0%
  
  
  
1st Source Corp.
 
192,774
12,250,788
ACNB Corp.
 
86,825
3,601,501
Amalgamated Financial Corp.
 
190,391
6,056,338
Amerant Bancorp, Inc. Class A
 
311,914
7,014,946
Ameris Bancorp
 
691,412
42,100,077
Ames National Corp.
 
90,919
1,984,762
Arrow Financial Corp.
 
173,096
5,455,986
Associated Banc-Corp.
 
1,569,805
36,074,119
Atlantic Union Bankshares Corp.
 
939,569
38,794,804
Axos Financial, Inc. (a)
  
573,767
41,890,729
Banc of California, Inc.
 
1,459,037
20,397,337
BancFirst Corp.
 
209,095
22,463,076
Bancorp, Inc., Delaware (a)
  
524,807
27,205,995
Bank First National Corp.
 
102,885
9,537,440
Bank of Hawaii Corp. (b)
  
411,067
28,195,086
Bank of Marin Bancorp
 
167,833
3,408,688
Bank7 Corp.
 
42,354
1,756,844
BankUnited, Inc.
 
781,637
30,108,657
Bankwell Financial Group, Inc.
 
65,660
1,848,329
Banner Corp.
 
360,032
21,321,095
Bar Harbor Bankshares
 
156,746
5,009,602
BayCom Corp.
 
107,715
2,594,854
BCB Bancorp, Inc.
 
154,466
1,958,629
Berkshire Hills Bancorp, Inc.
 
457,113
12,616,319
Blue Foundry Bancorp (a)(b)
  
205,840
2,323,934
Bridgewater Bancshares, Inc. (a)
  
205,684
2,840,496
Brookline Bancorp, Inc., Delaware
 
924,786
9,701,005
Burke & Herbert Financial Services Corp.
 
136,225
9,222,433
Business First Bancshares, Inc.
 
253,582
6,446,054
Byline Bancorp, Inc.
 
325,806
9,138,858
Cadence Bank
 
1,912,582
62,866,570
California Bancorp, Inc. (a)
  
77,693
1,949,317
Camden National Corp.
 
152,321
6,348,739
Capital Bancorp, Inc.
 
94,006
2,396,213
Capital City Bank Group, Inc.
 
143,701
5,101,386
Capitol Federal Financial, Inc.
 
1,288,153
8,141,127
Carter Bankshares, Inc. (a)
  
236,420
3,851,282
Cathay General Bancorp
 
731,246
32,408,823
Central Pacific Financial Corp.
 
282,689
7,375,356
Chemung Financial Corp.
 
32,742
1,596,500
ChoiceOne Financial Services, Inc.
 
72,929
2,005,548
Citizens & Northern Corp.
 
154,991
3,138,568
Citizens Financial Services, Inc.
 
46,920
2,508,343
City Holding Co.
 
153,498
18,711,406
Civista Bancshares, Inc.
 
157,034
2,818,760
CNB Financial Corp., Pennsylvania
 
216,761
5,562,087
Coastal Financial Corp. of Washington (a)
  
119,624
6,304,185
Colony Bankcorp, Inc.
 
172,279
2,675,493
Columbia Financial, Inc. (a)(b)
  
276,668
4,982,791
Community Bank System, Inc.
 
549,541
33,895,689
Community Trust Bancorp, Inc.
 
161,158
8,173,934
Community West Bank
 
177,249
3,676,144
ConnectOne Bancorp, Inc.
 
380,513
9,216,025
CrossFirst Bankshares, Inc. (a)
  
477,887
8,860,025
Customers Bancorp, Inc. (a)(b)
  
311,005
20,053,602
CVB Financial Corp.
 
1,390,287
26,498,870
Dime Community Bancshares, Inc. (b)
  
374,239
9,460,762
Eagle Bancorp, Inc.
 
309,518
6,660,827
Eastern Bankshares, Inc. (b)
  
2,027,157
33,731,892
Enterprise Bancorp, Inc.
 
101,157
2,989,189
Enterprise Financial Services Corp.
 
388,578
20,544,119
Equity Bancshares, Inc.
 
153,441
6,214,361
Esquire Financial Holdings, Inc.
 
74,876
4,617,603
ESSA Bancorp, Inc.
 
83,123
1,595,130
Farmers & Merchants Bancorp, Inc.
 
133,938
3,687,313
Farmers National Banc Corp.
 
382,358
5,968,608
FB Financial Corp.
 
373,429
17,435,400
Fidelity D & D Bancorp, Inc.
 
50,027
2,596,401
Financial Institutions, Inc.
 
159,444
4,196,566
First Bancorp, North Carolina
 
420,707
17,585,553
First Bancorp, Puerto Rico
 
1,732,327
37,158,414
First Bancshares, Inc.
 
322,863
10,757,795
First Bank Hamilton New Jersey
 
219,433
3,388,046
First Busey Corp.
 
560,318
15,375,126
First Business Finance Services, Inc.
 
82,844
3,812,481
First Commonwealth Financial Corp.
 
1,063,105
19,220,938
First Community Bankshares, Inc.
 
180,751
8,094,030
First Financial Bancorp, Ohio
 
991,259
27,120,846
First Financial Bankshares, Inc.
 
1,365,895
52,532,322
First Financial Corp., Indiana
 
119,747
5,383,825
First Financial Northwest, Inc.
 
71,754
1,543,429
First Foundation, Inc.
 
546,904
3,828,328
First Internet Bancorp
 
84,923
3,147,246
First Interstate Bancsystem, Inc.
 
825,776
26,069,748
First Merchants Corp.
 
614,011
24,775,344
First Mid-Illinois Bancshares, Inc.
 
240,122
9,218,284
First of Long Island Corp.
 
221,236
2,902,616
First Western Financial, Inc. (a)
  
83,418
1,513,203
Five Star Bancorp
 
172,019
5,057,359
Flushing Financial Corp.
 
288,460
4,249,016
FS Bancorp, Inc.
 
68,739
3,026,578
Fulton Financial Corp.
 
1,875,198
36,322,585
FVCBankcorp, Inc. (a)(b)
  
166,437
2,110,421
German American Bancorp, Inc.
 
299,699
11,790,159
Glacier Bancorp, Inc.
 
1,195,411
53,446,826
Great Southern Bancorp, Inc.
 
88,833
5,561,834
Greene County Bancorp, Inc.
 
73,993
2,682,246
Guaranty Bancshares, Inc. Texas
 
82,769
2,858,014
Hancock Whitney Corp.
 
912,231
49,926,403
Hanmi Financial Corp.
 
317,815
6,483,426
HarborOne Bancorp, Inc.
 
410,160
5,475,636
HBT Financial, Inc.
 
133,848
3,078,504
Heartland Financial U.S.A., Inc.
 
445,214
24,273,067
Heritage Commerce Corp.
 
627,434
6,493,942
Heritage Financial Corp., Washington
 
357,299
8,278,618
Hilltop Holdings, Inc.
 
481,238
15,876,042
Hingham Institution for Savings (b)
  
16,060
3,993,961
Home Bancorp, Inc.
 
74,163
3,272,072
Home Bancshares, Inc.
 
1,974,506
55,937,755
HomeStreet, Inc.
 
191,354
2,755,498
HomeTrust Bancshares, Inc.
 
156,025
5,534,207
Hope Bancorp, Inc.
 
1,216,675
16,011,443
Horizon Bancorp, Inc. Indiana
 
456,484
7,290,049
Independent Bank Corp.
 
212,095
7,357,576
Independent Bank Corp.
 
445,273
28,564,263
Independent Bank Group, Inc.
 
380,155
22,451,954
International Bancshares Corp.
 
568,888
38,365,807
Investar Holding Corp.
 
95,348
1,763,938
John Marshall Bankcorp, Inc.
 
129,708
2,507,256
Kearny Financial Corp.
 
566,108
4,075,978
Lakeland Financial Corp.
 
262,001
17,954,929
LCNB Corp.
 
127,267
1,945,912
LINKBANCORP, Inc.
 
231,602
1,688,379
Live Oak Bancshares, Inc. (b)
  
364,364
16,447,391
Mercantile Bank Corp.
 
166,127
8,033,902
Metrocity Bankshares, Inc.
 
196,020
6,196,192
Metropolitan Bank Holding Corp. (a)
  
111,108
5,858,725
Mid Penn Bancorp, Inc.
 
155,841
4,620,686
Middlefield Banc Corp.
 
75,140
2,025,774
Midland States Bancorp, Inc.
 
221,234
5,252,095
MidWestOne Financial Group, Inc.
 
150,895
4,422,732
MVB Financial Corp.
 
118,898
2,731,087
National Bank Holdings Corp. Class A
 
388,192
16,257,481
National Bankshares, Inc. (b)
  
59,771
1,899,522
NB Bancorp, Inc.
 
407,585
7,793,025
NBT Bancorp, Inc.
 
483,412
23,696,856
New York Community Bancorp, Inc.
 
2,658,218
27,964,453
Nicolet Bankshares, Inc.
 
139,776
14,055,875
Northeast Bank
 
69,483
5,048,635
Northeast Community Bancorp, Inc.
 
127,404
2,902,263
Northfield Bancorp, Inc.
 
409,172
5,118,742
Northrim Bancorp, Inc.
 
56,351
3,854,408
Northwest Bancshares, Inc.
 
1,338,853
18,797,496
Norwood Financial Corp.
 
77,150
2,274,382
Oak Valley Bancorp Oakdale California
 
70,141
1,996,914
OceanFirst Financial Corp.
 
605,707
11,005,696
OFG Bancorp (b)
  
489,338
22,225,732
Old National Bancorp, Indiana
 
3,300,887
66,083,758
Old Second Bancorp, Inc.
 
454,185
7,684,810
Orange County Bancorp, Inc.
 
53,989
3,357,576
Origin Bancorp, Inc.
 
307,511
10,566,078
Orrstown Financial Services, Inc.
 
193,109
6,789,712
Pacific Premier Bancorp, Inc.
 
1,008,115
27,279,592
Park National Corp.
 
151,643
26,834,745
Parke Bancorp, Inc.
 
107,528
2,103,248
Pathward Financial, Inc.
 
267,471
18,064,991
PCB Bancorp
 
111,951
2,157,296
Peapack-Gladstone Financial Corp.
 
173,609
4,906,190
Peoples Bancorp of North Carolina
 
47,171
1,499,094
Peoples Bancorp, Inc.
 
365,779
12,169,467
Peoples Financial Services Corp.
 
96,448
4,790,572
Pioneer Bancorp, Inc. (a)
  
117,447
1,309,534
Plumas Bancorp
 
56,206
2,432,034
Ponce Financial Group, Inc. (a)
  
189,567
1,876,713
Preferred Bank, Los Angeles
 
131,333
11,302,518
Premier Financial Corp.
 
373,923
9,475,209
Primis Financial Corp.
 
210,136
2,773,795
Princeton Bancorp, Inc.
 
52,248
2,043,942
Provident Bancorp, Inc. (a)
  
158,417
1,725,161
Provident Financial Services, Inc.
 
1,319,305
24,459,915
QCR Holdings, Inc.
 
171,702
13,124,901
RBB Bancorp
 
180,296
4,159,429
Red River Bancshares, Inc.
 
48,736
2,715,570
Renasant Corp.
 
579,890
19,942,417
Republic Bancorp, Inc., Kentucky Class A
 
86,748
5,692,404
S&T Bancorp, Inc.
 
402,358
17,856,648
Sandy Spring Bancorp, Inc. (b)
  
462,727
14,173,328
Seacoast Banking Corp., Florida
 
889,112
24,752,878
ServisFirst Bancshares, Inc. (b)
  
532,837
42,754,841
Shore Bancshares, Inc.
 
328,021
4,762,865
Sierra Bancorp
 
138,333
4,024,107
Simmons First National Corp. Class A
 
1,301,179
28,014,384
SmartFinancial, Inc.
 
164,473
4,661,165
South Plains Financial, Inc.
 
121,373
3,937,340
Southern California Bancorp (a)
  
121,224
1,914,127
Southern First Bancshares, Inc. (a)
  
78,668
2,721,913
Southern Missouri Bancorp, Inc.
 
99,492
5,690,942
Southern States Bancshares, Inc.
 
86,897
2,843,270
Southside Bancshares, Inc.
 
299,764
10,488,742
Southstate Corp.
 
798,367
79,014,382
Stellar Bancorp, Inc.
 
517,225
14,171,965
Sterling Bancorp, Inc. (a)(b)
  
193,362
1,125,367
Stock Yards Bancorp, Inc.
 
270,286
16,817,195
Texas Capital Bancshares, Inc. (a)
  
484,268
32,010,115
The Bank of NT Butterfield & Son Ltd.
 
491,787
18,855,114
The First Bancorp, Inc.
 
111,888
3,149,647
Third Coast Bancshares, Inc. (a)
  
118,698
2,773,972
Timberland Bancorp, Inc./Washington
 
76,998
2,352,289
Tompkins Financial Corp.
 
133,424
8,397,707
TowneBank
 
737,674
24,520,284
Trico Bancshares
 
336,335
15,649,668
Triumph Bancorp, Inc. (a)
  
231,778
21,029,218
Trustco Bank Corp., New York
 
195,008
6,944,235
Trustmark Corp.
 
639,551
22,211,606
UMB Financial Corp.
 
470,467
47,997,043
United Bankshares, Inc., West Virginia
 
1,386,808
53,988,435
United Community Bank, Inc.
 
1,257,731
38,926,774
Unity Bancorp, Inc.
 
74,971
2,595,496
Univest Corp. of Pennsylvania
 
304,346
8,415,167
USCB Financial Holdings, Inc.
 
107,824
1,796,348
Valley National Bancorp
 
4,528,498
38,039,383
Veritex Holdings, Inc.
 
552,405
13,848,793
Virginia National Bankshares C (b)
  
48,700
1,903,196
WaFd, Inc.
 
699,242
24,886,023
Washington Trust Bancorp, Inc.
 
179,484
5,745,283
WesBanco, Inc.
 
605,158
19,292,437
West Bancorp., Inc.
 
166,459
3,452,360
Westamerica Bancorp.
 
269,512
14,542,868
WSFS Financial Corp.
 
630,079
35,593,163
 
  
  
2,842,465,780
Capital Markets - 1.7%
  
  
  
Alti Global, Inc. Class A (a)(b)
  
351,305
1,721,395
Artisan Partners Asset Management, Inc. Class A,
 
663,254
29,289,297
Assetmark Financial Holdings, Inc. (a)(b)
  
239,724
8,270,478
B. Riley Financial, Inc. (b)
  
213,956
4,107,955
BGC Group, Inc. Class A
 
3,876,708
35,704,481
BrightSphere Investment Group, Inc.
 
278,228
7,286,791
Cohen & Steers, Inc.
 
289,172
24,816,741
Diamond Hill Investment Group, Inc.
 
28,265
4,500,353
Donnelley Financial Solutions, Inc. (a)
  
274,053
18,493,096
Forge Global Holdings, Inc. Class A (a)(b)
  
1,189,809
1,725,223
GCM Grosvenor, Inc. Class A
 
432,706
4,816,018
Hamilton Lane, Inc. Class A
 
403,271
58,220,234
MarketWise, Inc. Class A
 
391,541
446,357
Moelis & Co. Class A
 
741,922
50,450,696
Open Lending Corp. (a)
  
1,068,830
6,733,629
P10, Inc. Class A
 
436,524
4,352,144
Patria Investments Ltd.
 
583,628
7,593,000
Perella Weinberg Partners Class A
 
554,485
10,479,767
Piper Sandler Cos.
 
182,732
49,937,001
PJT Partners, Inc. Class A (b)
  
247,793
32,941,601
Silvercrest Asset Management Group Class A
 
99,242
1,759,561
StepStone Group, Inc. Class A
 
562,960
28,294,370
StoneX Group, Inc. (a)
  
284,600
23,718,564
Value Line, Inc.
 
8,180
386,505
Victory Capital Holdings, Inc.
 
431,679
22,615,663
Virtus Investment Partners, Inc.
 
70,799
16,000,574
WisdomTree Investments, Inc.
 
1,466,059
17,504,744
 
  
  
472,166,238
Consumer Finance - 0.9%
  
  
  
Atlanticus Holdings Corp. (a)(b)
  
57,170
2,044,971
Bread Financial Holdings, Inc.
 
521,785
28,479,025
Consumer Portfolio Services, Inc. (a)(b)
  
83,033
785,492
Encore Capital Group, Inc. (a)(b)
  
244,430
12,355,937
Enova International, Inc. (a)
  
275,068
23,785,130
FirstCash Holdings, Inc.
 
410,380
45,798,408
Green Dot Corp. Class A (a)
  
554,984
5,305,647
LendingClub Corp. (a)
  
1,152,642
14,419,551
LendingTree, Inc. (a)
  
105,287
5,603,374
Medallion Financial Corp.
 
199,544
1,654,220
MoneyLion, Inc. Class A (a)(b)
  
89,690
6,181,435
Navient Corp.
 
831,137
13,638,958
Nelnet, Inc. Class A
 
150,643
16,978,973
NerdWallet, Inc. (a)
  
412,050
6,028,292
OppFi, Inc. Class A
 
190,549
735,519
PRA Group, Inc. (a)
  
406,690
10,838,289
PROG Holdings, Inc.
 
444,651
20,035,974
Regional Management Corp.
 
84,624
2,767,205
Upstart Holdings, Inc. (a)(b)
  
808,870
22,591,739
World Acceptance Corp. (a)(b)
  
37,753
4,610,396
 
  
  
244,638,535
Financial Services - 2.7%
  
  
  
Acacia Research Corp. (a)(b)
  
401,112
2,145,949
Alerus Financial Corp. (b)
  
187,632
4,212,338
AvidXchange Holdings, Inc. (a)
  
1,827,760
16,340,174
Banco Latinoamericano de Comer Series E
 
287,790
9,304,251
Burford Capital Ltd. (b)
  
2,102,722
29,669,407
Cannae Holdings, Inc.
 
586,561
11,795,742
Cantaloupe, Inc. (a)(b)
  
617,797
4,812,639
Cass Information Systems, Inc.
 
144,080
6,186,795
Compass Diversified Holdings
 
704,029
16,938,938
Enact Holdings, Inc.
 
305,831
10,407,429
Essent Group Ltd.
 
1,094,670
68,789,063
EVERTEC, Inc.
 
674,357
23,245,086
Federal Agricultural Mortgage Corp. Class C (non-vtg.)
 
95,352
19,663,489
Flywire Corp. (a)
  
1,267,837
23,214,095
HA Sustainable Infrastructure Capital, Inc.
 
1,180,559
38,686,918
i3 Verticals, Inc. Class A (a)
  
238,721
5,851,052
International Money Express, Inc. (a)
  
333,543
7,407,990
Jackson Financial, Inc.
 
803,092
70,720,282
Marqeta, Inc. Class A (a)
  
4,891,778
26,366,683
Merchants Bancorp
 
180,785
8,135,325
Mr. Cooper Group, Inc. (a)
  
667,796
60,021,504
NCR Atleos Corp.
 
755,434
24,287,203
Newtekone, Inc.
 
244,711
3,423,507
NMI Holdings, Inc. Class A (a)
  
832,283
32,750,336
Onity Group, Inc. (a)
  
63,288
1,849,908
PagSeguro Digital Ltd. (a)
  
1,983,143
25,344,568
Payoneer Global, Inc. (a)
  
2,979,565
16,476,994
Paysafe Ltd. (a)
  
340,124
7,139,203
Paysign, Inc. (a)
  
349,771
1,864,279
PennyMac Financial Services, Inc.
 
279,522
27,426,699
Priority Technology Holdings, Inc. (a)
  
188,892
1,120,130
Radian Group, Inc.
 
1,588,669
58,939,620
Remitly Global, Inc. (a)
  
1,519,383
20,071,049
Repay Holdings Corp. (a)(b)
  
952,907
9,166,965
Sezzle, Inc. (b)
  
24,854
2,173,731
StoneCo Ltd. Class A (a)
  
3,003,447
39,405,225
SWK Holdings Corp. (a)(b)
  
31,375
552,514
Velocity Financial, Inc. (a)(b)
  
91,032
1,723,236
Walker & Dunlop, Inc.
 
337,925
36,124,183
Waterstone Financial, Inc.
 
168,623
2,515,855
 
  
  
776,270,354
Insurance - 1.8%
  
  
  
AMBAC Financial Group, Inc. (a)
  
448,627
5,917,390
American Coastal Insurance Cor (a)
  
253,624
3,096,749
Amerisafe, Inc.
 
198,335
9,416,946
CNO Financial Group, Inc.
 
1,124,954
39,215,896
Crawford & Co. Class A
 
155,640
1,523,716
Donegal Group, Inc. Class A
 
154,339
2,273,413
Employers Holdings, Inc.
 
263,485
12,649,915
Enstar Group Ltd. (a)
  
132,416
42,955,750
F&G Annuities & Life, Inc.
 
196,257
8,464,564
Fidelis Insurance Holdings Ltd.
 
507,568
9,029,635
Genworth Financial, Inc. Class A (a)
  
4,539,300
30,731,061
GoHealth, Inc. (a)
  
41,699
547,091
Goosehead Insurance (a)(b)
  
245,841
22,196,984
Greenlight Capital Re, Ltd. (a)(b)
  
287,316
3,964,961
Hamilton Insurance Group Ltd.
 
173,506
3,024,210
HCI Group, Inc. (b)
  
85,429
8,052,538
Heritage Insurance Holdings, Inc. (a)
  
239,823
1,916,186
Hippo Holdings, Inc. (a)(b)
  
208,281
3,694,905
Horace Mann Educators Corp.
 
430,319
14,876,128
Investors Title Co.
 
14,945
3,180,894
James River Group Holdings Ltd.
 
326,842
2,823,915
Kingsway Financial Services, Inc. (a)
  
130,534
1,106,928
Lemonade, Inc. (a)(b)
  
542,613
9,783,312
Maiden Holdings Ltd. (a)
  
892,276
1,882,702
MBIA, Inc. (b)
  
467,724
2,057,986
Mercury General Corp.
 
282,010
16,883,939
NI Holdings, Inc. (a)
  
76,564
1,257,181
Oscar Health, Inc. Class A (a)
  
2,042,483
36,111,099
Palomar Holdings, Inc. (a)
  
257,702
23,711,161
ProAssurance Corp. (a)
  
562,582
7,369,824
Root, Inc. (a)(b)
  
90,786
5,468,041
Safety Insurance Group, Inc.
 
153,978
13,172,818
Selective Insurance Group, Inc.
 
636,682
57,505,118
Selectquote, Inc. (a)
  
1,407,680
5,757,411
Siriuspoint Ltd. (a)
  
1,036,059
14,888,168
Skyward Specialty Insurance Group, Inc. (a)
  
390,655
15,458,218
Stewart Information Services Corp.
 
284,055
20,082,689
The Baldwin Insurance Group, Inc. Class A, (a)
  
691,851
30,261,563
Tiptree, Inc.
 
264,920
5,232,170
Trupanion, Inc. (a)(b)
  
346,107
12,826,725
United Fire Group, Inc.
 
219,825
4,926,278
Universal Insurance Holdings, Inc.
 
252,153
4,995,151
 
  
  
520,291,329
Mortgage Real Estate Investment Trusts - 0.9%
  
  
  
AG Mortgage Investment Trust, Inc.
 
311,202
2,402,479
Angel Oak Mortgage (REIT), Inc.
 
130,737
1,647,286
Apollo Commercial Real Estate Finance, Inc.
 
1,530,040
16,677,436
Arbor Realty Trust, Inc. (b)
  
1,940,527
26,197,115
Ares Commercial Real Estate Corp.
 
577,957
4,467,608
Armour Residential REIT, Inc. (b)
  
526,999
10,645,380
Blackstone Mortgage Trust, Inc. (b)
  
1,834,246
32,741,291
BrightSpire Capital, Inc.
 
1,414,369
8,104,334
Chimera Investment Corp.
 
846,702
12,370,316
Claros Mortgage Trust, Inc. (b)
  
912,237
8,675,374
Dynex Capital, Inc.
 
673,607
8,197,797
Ellington Financial LLC
 
876,832
11,126,998
Franklin BSP Realty Trust, Inc.
 
896,380
12,405,899
Granite Point Mortgage Trust, Inc.
 
541,407
1,613,393
Invesco Mortgage Capital, Inc.
 
534,849
4,856,429
KKR Real Estate Finance Trust, Inc.
 
625,033
7,175,379
Ladder Capital Corp. Class A
 
1,219,163
14,629,956
MFA Financial, Inc.
 
1,109,283
12,412,877
New York Mortgage Trust, Inc.
 
965,807
6,258,429
Nexpoint Real Estate Finance, Inc.
 
85,137
1,228,527
Orchid Island Capital, Inc.
 
572,779
4,605,143
PennyMac Mortgage Investment Trust
 
923,506
12,716,678
Ready Capital Corp.
 
1,730,050
16,054,864
Redwood Trust, Inc.
 
1,379,840
10,031,437
Seven Hills Realty Trust
 
147,744
1,978,292
Sunrise Realty Trust, Inc.
 
22,389
268,668
TPG RE Finance Trust, Inc.
 
613,249
5,359,796
Two Harbors Investment Corp.
 
1,113,482
14,998,603
 
  
  
269,847,784
TOTAL FINANCIALS
  
  
5,125,680,020
HEALTH CARE - 17.1%
 
  
  
Biotechnology - 8.8%
  
  
  
2seventy bio, Inc. (a)(b)
  
513,803
2,425,150
4D Molecular Therapeutics, Inc. (a)
  
522,483
9,263,624
89Bio, Inc. (a)(b)
  
848,168
7,769,219
Absci Corp. (a)
  
842,592
3,707,405
ACADIA Pharmaceuticals, Inc. (a)
  
1,254,168
23,854,275
Acelyrin, Inc. (a)
  
762,450
4,574,700
Achieve Life Sciences, Inc. (a)(b)
  
354,641
1,766,112
Acrivon Therapeutics, Inc. (a)(b)
  
122,284
1,024,740
Actinium Pharmaceuticals, Inc. (a)(b)
  
317,223
2,195,183
Acumen Pharmaceuticals, Inc. (a)
  
434,897
1,435,160
ADC Therapeutics SA (a)(b)
  
735,934
2,443,301
ADMA Biologics, Inc. (a)
  
2,369,136
29,092,990
Adverum Biotechnologies, Inc. (a)
  
216,466
1,606,178
Aerovate Therapeutics, Inc. (a)
  
136,071
247,649
Agenus, Inc. (a)(b)
  
212,455
1,283,228
Agios Pharmaceuticals, Inc. (a)
  
593,064
27,518,170
Akebia Therapeutics, Inc. (a)
  
2,172,753
2,998,399
Akero Therapeutics, Inc. (a)
  
710,603
18,994,418
Aldeyra Therapeutics, Inc. (a)(b)
  
520,095
2,049,174
Alector, Inc. (a)
  
845,562
5,073,372
Alkermes PLC (a)(b)
  
1,765,108
48,222,751
Allogene Therapeutics, Inc. (a)(b)
  
1,095,362
3,220,364
Altimmune, Inc. (a)(b)
  
746,327
4,746,640
ALX Oncology Holdings, Inc. (a)
  
346,302
1,662,250
Amicus Therapeutics, Inc. (a)
  
3,071,488
31,667,041
AnaptysBio, Inc. (a)
  
204,607
7,128,508
Anavex Life Sciences Corp. (a)(b)
  
763,232
5,186,161
Anika Therapeutics, Inc. (a)
  
152,656
4,159,876
Annexon, Inc. (a)
  
884,349
5,668,677
Apogee Therapeutics, Inc.
 
379,721
18,492,413
Applied Therapeutics, Inc. (a)
  
1,009,604
5,997,048
Arbutus Biopharma Corp. (a)(b)
  
1,465,458
5,524,777
Arcellx, Inc. (a)
  
452,522
27,970,385
Arcturus Therapeutics Holdings, Inc. (a)(b)
  
240,634
5,645,274
Arcus Biosciences, Inc. (a)(b)
  
569,729
9,349,253
Arcutis Biotherapeutics, Inc. (a)(b)
  
1,115,855
11,236,660
Ardelyx, Inc. (a)(b)
  
2,440,751
13,546,168
ArriVent Biopharma, Inc. (b)
  
102,845
2,252,306
Arrowhead Pharmaceuticals, Inc. (a)
  
1,251,677
35,747,895
Ars Pharmaceuticals, Inc. (a)(b)
  
520,947
5,662,694
Astria Therapeutics, Inc. (a)
  
473,544
5,530,994
Atossa Therapeutics, Inc. (a)(b)
  
1,316,700
1,777,545
Aura Biosciences, Inc. (a)
  
486,207
4,964,173
Aurinia Pharmaceuticals, Inc. (a)(b)
  
1,505,805
8,854,133
Avid Bioservices, Inc. (a)(b)
  
651,076
6,797,233
Avidity Biosciences, Inc. (a)
  
1,060,684
48,345,977
Avita Medical, Inc. (a)(b)
  
267,658
2,623,048
Beam Therapeutics, Inc. (a)(b)
  
802,626
25,395,087
BioCryst Pharmaceuticals, Inc. (a)
  
2,163,491
15,750,214
Biohaven Ltd. (a)(b)
  
788,029
30,993,181
Biomea Fusion, Inc. (a)(b)
  
288,478
1,606,822
Black Diamond Therapeutics, Inc. (a)
  
391,030
2,381,373
bluebird bio, Inc. (a)(b)
  
1,989,325
2,307,617
Blueprint Medicines Corp. (a)
  
659,433
71,416,594
Boundless Bio, Inc.
 
65,444
251,959
BridgeBio Pharma, Inc. (a)(b)
  
1,473,199
38,229,514
C4 Therapeutics, Inc. (a)
  
615,049
4,120,828
Cabaletta Bio, Inc. (a)(b)
  
450,518
3,198,678
Candel Therapeutics, Inc. (a)(b)
  
209,449
1,242,033
Capricor Therapeutics, Inc. (a)(b)
  
269,341
1,093,524
Cardiff Oncology, Inc. (a)
  
405,877
949,752
CareDx, Inc. (a)
  
523,985
10,474,460
Cargo Therapeutics, Inc. (b)
  
204,708
3,486,177
Caribou Biosciences, Inc. (a)(b)
  
855,076
1,983,776
Carisma Therapeutics, Inc. (a)(b)
  
47,864
51,214
Cartesian Therapeutics, Inc. (a)(b)
  
75,867
1,236,632
Cartesian Therapeutics, Inc. rights (a)(b)(c)
  
1,117,119
156,397
Catalyst Pharmaceutical Partners, Inc. (a)
  
1,221,401
21,056,953
Celcuity, Inc. (a)(b)
  
244,884
4,488,724
Celldex Therapeutics, Inc. (a)
  
677,351
25,813,847
Century Therapeutics, Inc. (a)
  
478,232
1,066,457
Cervomed, Inc. (a)(b)
  
56,995
740,935
CG Oncology, Inc. (b)
  
243,671
8,126,428
Chinook Therapeutics, Inc. rights (a)(c)
  
86,210
1
Cibus, Inc. (a)(b)
  
155,611
1,538,993
Cogent Biosciences, Inc. (a)
  
960,826
9,060,589
Coherus BioSciences, Inc. (a)(b)
  
1,148,018
1,767,948
Compass Therapeutics, Inc. (a)
  
1,021,186
1,051,822
Corbus Pharmaceuticals Holdings, Inc. (a)
  
106,766
6,349,374
Crinetics Pharmaceuticals, Inc. (a)
  
817,035
43,400,899
Cullinan Oncology, Inc. (a)
  
405,856
7,853,314
Cytokinetics, Inc. (a)(b)
  
1,170,847
69,091,681
Day One Biopharmaceuticals, Inc. (a)
  
544,012
7,784,812
Denali Therapeutics, Inc. (a)
  
1,304,007
31,778,651
Design Therapeutics, Inc. (a)(b)
  
324,804
1,656,500
Dianthus Therapeutics, Inc. (a)(b)
  
251,169
7,479,813
Disc Medicine, Inc. (a)
  
172,434
7,442,251
Dynavax Technologies Corp. (a)(b)
  
1,374,307
15,378,495
Dyne Therapeutics, Inc. (a)
  
846,875
36,339,406
Editas Medicine, Inc. (a)(b)
  
868,268
4,697,330
Elevation Oncology, Inc. (a)
  
549,028
1,443,944
Eliem Therapeutics, Inc. (a)
  
77,565
643,014
Enanta Pharmaceuticals, Inc. (a)
  
208,928
3,083,777
Entrada Therapeutics, Inc. (a)
  
259,000
4,265,730
Erasca, Inc. (a)(b)
  
1,183,078
3,726,696
Fate Therapeutics, Inc. (a)(b)
  
1,050,281
5,597,998
Fennec Pharmaceuticals, Inc. (a)
  
245,670
1,589,485
FibroBiologics, Inc. (b)
  
263,576
1,373,231
Foghorn Therapeutics, Inc. (a)(b)
  
265,737
1,865,474
G1 Therapeutics, Inc. (a)(b)
  
519,930
2,230,500
Galectin Therapeutics, Inc. (a)(b)
  
199,517
498,793
Generation Bio Co. (a)(b)
  
511,783
1,709,355
Geron Corp. (a)(b)
  
6,042,786
28,642,806
Greenwich Lifesciences, Inc. (a)(b)
  
62,817
1,012,610
Gyre Therapeutics, Inc. (a)(b)
  
73,535
1,064,051
Halozyme Therapeutics, Inc. (a)
  
1,306,418
72,192,659
Heron Therapeutics, Inc. (a)(b)
  
1,231,008
3,656,094
HilleVax, Inc. (a)(b)
  
327,487
599,301
Humacyte, Inc. Class A (a)(b)
  
922,679
8,728,543
Ideaya Biosciences, Inc. (a)
  
860,480
37,043,664
IGM Biosciences, Inc. (a)(b)
  
159,731
1,782,598
ImmunityBio, Inc. (a)(b)
  
1,487,569
7,660,980
Immunome, Inc. (a)
  
540,782
8,333,451
Immunovant, Inc. (a)
  
609,019
17,704,182
Inhibrx Biosciences, Inc.
 
108,850
1,579,414
Inmune Bio, Inc. (a)(b)
  
127,862
1,098,335
Inovio Pharmaceuticals, Inc. (a)(b)
  
267,315
2,849,578
Inozyme Pharma, Inc. (a)(b)
  
540,393
3,134,279
Insmed, Inc. (a)
  
1,628,680
118,486,434
Intellia Therapeutics, Inc. (a)(b)
  
1,010,470
26,484,419
Invivyd, Inc. (a)
  
813,849
1,017,311
Iovance Biotherapeutics, Inc. (a)(b)
  
2,656,452
23,190,826
Ironwood Pharmaceuticals, Inc. Class A (a)
  
1,472,534
10,057,407
iTeos Therapeutics, Inc. (a)
  
271,257
4,771,411
Janux Therapeutics, Inc. (a)
  
294,519
11,957,471
Jasper Therapeutics, Inc. (a)
  
118,793
2,196,483
Kalvista Pharmaceuticals, Inc. (a)(b)
  
398,659
5,796,502
Keros Therapeutics, Inc. (a)
  
308,852
15,492,016
Kiniksa Pharmaceuticals Intern (a)(b)
  
393,376
10,463,802
Kodiak Sciences, Inc. (a)
  
342,589
996,934
Korro Bio, Inc. (a)
  
63,870
2,973,787
Krystal Biotech, Inc. (a)(b)
  
260,332
54,268,809
Kura Oncology, Inc. (a)
  
762,395
15,865,440
Kymera Therapeutics, Inc. (a)(b)
  
466,998
21,575,308
Kyverna Therapeutics, Inc. (b)
  
174,687
1,512,789
Larimar Therapeutics, Inc. (a)
  
442,340
3,711,233
Lenz Therapeutics, Inc. (b)
  
132,368
3,286,697
Lexeo Therapeutics, Inc. (b)
  
106,904
1,341,645
Lexicon Pharmaceuticals, Inc. (a)(b)
  
1,199,566
2,699,024
Lineage Cell Therapeutics, Inc. (a)(b)
  
1,516,947
1,562,455
Lyell Immunopharma, Inc. (a)(b)
  
1,681,934
2,707,914
Macrogenics, Inc. (a)(b)
  
644,408
2,422,974
Madrigal Pharmaceuticals, Inc. (a)(b)
  
183,975
52,370,324
MannKind Corp. (a)(b)
  
2,777,642
15,999,218
MeiraGTx Holdings PLC (a)
  
407,733
2,132,444
Mersana Therapeutics, Inc. (a)
  
1,198,448
2,396,896
Metagenomi, Inc. (b)
  
63,819
247,618
MiMedx Group, Inc. (a)
  
1,245,055
9,275,660
Mineralys Therapeutics, Inc. (a)(b)
  
299,159
3,706,580
Mirum Pharmaceuticals, Inc. (a)(b)
  
412,036
16,708,060
Monte Rosa Therapeutics, Inc. (a)
  
319,784
1,445,424
Morphic Holding, Inc. (a)
  
417,592
23,660,763
Myriad Genetics, Inc. (a)
  
938,352
26,245,705
Neurogene, Inc. (a)
  
108,583
4,467,105
Nkarta, Inc. (a)
  
556,893
3,580,822
Novavax, Inc. (a)(b)
  
1,481,467
18,977,592
Nurix Therapeutics, Inc. (a)
  
635,924
13,914,017
Nuvalent, Inc. Class A (a)(b)
  
335,183
26,794,529
Ocugen, Inc. (a)(b)
  
2,689,428
3,778,646
Olema Pharmaceuticals, Inc. (a)(b)
  
419,206
6,774,369
Omniab, Inc. (a)(b)(c)
  
45,323
129,624
Omniab, Inc. (a)(b)(c)
  
45,323
118,746
Oncternal Therapeutics, Inc. rights (a)(c)
  
4,336
0
Organogenesis Holdings, Inc. Class A (a)(b)
  
756,729
2,285,322
ORIC Pharmaceuticals, Inc. (a)(b)
  
645,193
7,226,162
Outlook Therapeutics, Inc. (a)(b)
  
81,069
628,285
Ovid Therapeutics, Inc. (a)(b)
  
637,515
663,016
PepGen, Inc. (a)
  
163,795
1,872,177
Perspective Therapeutics, Inc. (a)
  
494,289
6,722,330
Poseida Therapeutics, Inc. (a)
  
721,192
2,545,808
Praxis Precision Medicines, Inc. (a)
  
181,144
10,453,820
Precigen, Inc. (a)(b)
  
1,320,392
2,006,996
Prelude Therapeutics, Inc. (a)
  
138,726
883,685
Prime Medicine, Inc. (a)(b)
  
595,962
3,343,347
ProKidney Corp. Class A (a)(b)
  
661,468
1,547,835
Protagonist Therapeutics, Inc. (a)
  
615,107
23,029,606
Prothena Corp. PLC (a)
  
445,561
10,372,660
PTC Therapeutics, Inc. (a)
  
797,343
26,990,061
Puma Biotechnology, Inc. (a)(b)
  
432,340
1,549,939
Pyxis Oncology, Inc. (a)(b)
  
512,928
2,010,678
Q32 Bio, Inc. (a)(b)
  
63,003
2,399,154
RAPT Therapeutics, Inc. (a)(b)
  
304,628
956,532
Recursion Pharmaceuticals, Inc. Class A (a)(b)
  
2,170,472
17,797,870
REGENXBIO, Inc. (a)
  
481,633
6,863,270
Regulus Therapeutics, Inc. (a)
  
653,184
1,175,731
Relay Therapeutics, Inc. (a)
  
1,042,254
8,567,328
Renovaro, Inc. (a)(b)
  
502,092
366,527
Replimune Group, Inc. (a)
  
525,491
5,254,910
Revolution Medicines, Inc. (a)
  
1,597,537
72,911,589
Rhythm Pharmaceuticals, Inc. (a)(b)
  
575,118
27,726,439
Rigel Pharmaceuticals, Inc. (a)
  
181,484
1,920,101
Rocket Pharmaceuticals, Inc. (a)
  
690,364
16,706,809
Sage Therapeutics, Inc. (a)
  
562,763
6,162,255
Sana Biotechnology, Inc. (a)(b)
  
1,387,784
8,451,605
Savara, Inc. (a)(b)
  
1,018,363
4,684,470
Scholar Rock Holding Corp. (a)(b)
  
716,986
6,510,233
Sera Prognostics, Inc. (a)
  
291,643
2,417,720
Shattuck Labs, Inc. (a)
  
411,608
1,638,200
Skye Bioscience, Inc. (a)(b)
  
180,815
934,814
Soleno Therapeutics, Inc. (a)
  
231,318
11,156,467
Solid Biosciences, Inc. (a)
  
237,791
2,121,096
SpringWorks Therapeutics, Inc. (a)
  
722,028
25,928,025
Spyre Therapeutics, Inc. (a)
  
363,391
9,993,253
Stoke Therapeutics, Inc. (a)(b)
  
374,991
5,613,615
Summit Therapeutics, Inc. (a)(b)
  
918,136
9,915,869
Sutro Biopharma, Inc. (a)
  
859,473
3,412,108
Syndax Pharmaceuticals, Inc. (a)(b)
  
862,209
19,572,144
Tango Therapeutics, Inc. (a)
  
500,497
4,929,895
Taysha Gene Therapies, Inc. (a)
  
1,680,657
3,714,252
Tenaya Therapeutics, Inc. (a)
  
578,192
2,023,672
Tevogen Bio Holdings, Inc. Class A (a)(b)
  
207,867
133,035
TG Therapeutics, Inc. (a)
  
1,465,192
28,952,194
Tobira Therapeutics, Inc. rights (a)(c)
  
9,663
0
Tourmaline Bio, Inc.
 
242,316
4,090,294
Travere Therapeutics, Inc. (a)(b)
  
771,240
7,357,630
TScan Therapeutics, Inc. (a)
  
405,795
2,897,376
Twist Bioscience Corp. (a)
  
604,431
33,733,294
Tyra Biosciences, Inc. (a)
  
213,201
4,724,534
UroGen Pharma Ltd. (a)(b)
  
360,455
5,929,485
Vanda Pharmaceuticals, Inc. (a)(b)
  
593,119
3,463,815
Vaxcyte, Inc. (a)
  
1,144,444
90,285,187
Vera Therapeutics, Inc. (a)
  
409,219
14,973,323
Veracyte, Inc. (a)
  
806,796
19,363,104
Verastem, Inc. (a)(b)
  
258,734
672,708
Vericel Corp. (a)
  
508,750
25,702,050
Verve Therapeutics, Inc. (a)(b)
  
746,711
5,226,977
Vir Biotechnology, Inc. (a)
  
936,662
9,516,486
Viridian Therapeutics, Inc. (a)(b)
  
653,930
11,018,721
Voyager Therapeutics, Inc. (a)(b)
  
479,983
4,411,044
Werewolf Therapeutics, Inc. (a)
  
316,747
712,681
X4 Pharmaceuticals, Inc. (a)(b)
  
1,745,126
1,396,275
Xbiotech, Inc. (a)(b)
  
189,082
1,459,713
Xencor, Inc. (a)
  
621,715
12,695,420
XOMA Corp. (a)(b)
  
83,335
2,230,045
Y-mAbs Therapeutics, Inc. (a)(b)
  
387,353
4,756,695
Zentalis Pharmaceuticals, Inc. (a)
  
594,665
2,313,247
Zura Bio Ltd. Class A (a)(b)
  
206,512
815,722
Zymeworks, Inc. (a)
  
586,373
6,133,462
 
  
  
2,515,189,718
Health Care Equipment & Supplies - 3.2%
  
  
  
Accuray, Inc. (a)(b)
  
978,926
1,801,224
Alphatec Holdings, Inc. (a)
  
1,072,784
10,835,118
Angiodynamics, Inc. (a)
  
398,935
3,127,650
Artivion, Inc. (a)(b)
  
417,032
11,322,419
Atricure, Inc. (a)
  
496,158
10,702,128
Atrion Corp.
 
14,391
6,595,395
Avanos Medical, Inc. (a)
  
475,490
11,373,721
AxoGen, Inc. (a)(b)
  
446,125
3,916,978
Axonics, Inc. (a)
  
535,367
36,661,932
Bioventus, Inc. (a)
  
394,952
2,768,614
Cerus Corp. (a)(b)
  
1,892,597
4,277,269
CONMED Corp.
 
322,743
22,282,177
CVRx, Inc. (a)(b)
  
140,495
1,201,232
Embecta Corp.
 
606,078
9,497,242
Fractyl Health, Inc. (b)
  
74,979
239,183
Glaukos Corp. (a)
  
513,090
60,118,755
Haemonetics Corp. (a)
  
526,085
47,373,954
ICU Medical, Inc. (a)
  
224,581
28,517,295
Inari Medical, Inc. (a)
  
554,732
25,828,322
InMode Ltd. (a)(b)
  
834,610
15,123,133
Inogen, Inc. (a)
  
247,996
2,293,963
Integer Holdings Corp. (a)
  
349,369
41,491,062
Integra LifeSciences Holdings Corp. (a)
  
716,427
17,774,554
IRadimed Corp.
 
85,007
3,970,677
iRhythm Technologies, Inc. (a)(b)
  
327,695
28,263,694
Lantheus Holdings, Inc. (a)
  
713,064
74,750,499
LeMaitre Vascular, Inc.
 
213,490
18,550,146
LivaNova PLC (a)
  
571,951
28,254,379
Merit Medical Systems, Inc. (a)
  
599,960
51,170,588
Neogen Corp. (a)(b)
  
2,286,870
38,945,396
NeuroPace, Inc. (a)
  
142,283
1,099,848
Nevro Corp. (a)
  
378,185
3,755,377
Novocure Ltd. (a)
  
1,116,568
25,424,253
Omnicell, Inc. (a)
  
476,612
13,921,837
OraSure Technologies, Inc. (a)
  
774,020
3,467,610
Orchestra BioMed Holdings, Inc. (a)(b)
  
243,065
1,793,820
Orthofix Medical, Inc. (a)
  
352,845
5,673,748
OrthoPediatrics Corp. (a)
  
172,492
5,309,304
Paragon 28, Inc. (a)(b)
  
493,758
3,846,375
PROCEPT BioRobotics Corp. (a)(b)
  
445,349
28,199,499
Pulmonx Corp. (a)(b)
  
396,607
2,740,554
Pulse Biosciences, Inc. (a)(b)
  
207,064
3,097,677
Pulse Biosciences, Inc.:
  
  
  
 warrants 6/26/29 (a)(b)
  
17,423
72,966
 warrants 6/26/30 (a)(b)
  
17,423
72,966
RxSight, Inc. (a)
  
358,263
16,397,698
Sanara Medtech, Inc. (a)(b)
  
42,219
1,346,364
Semler Scientific, Inc. (a)(b)
  
50,319
1,668,075
SI-BONE, Inc. (a)(b)
  
426,146
6,477,419
Sight Sciences, Inc. (a)(b)
  
369,451
2,874,329
Silk Road Medical, Inc. (a)
  
412,014
11,128,498
Staar Surgical Co. (a)(b)
  
519,196
21,416,835
Stereotaxis, Inc. (a)
  
562,158
1,124,316
SurModics, Inc. (a)(b)
  
144,488
5,981,803
Tactile Systems Technology, Inc. (a)
  
246,956
3,153,628
Tandem Diabetes Care, Inc. (a)
  
679,055
25,111,454
TransMedics Group, Inc. (a)
  
336,837
47,918,432
Treace Medical Concepts, Inc. (a)
  
511,336
3,696,959
UFP Technologies, Inc. (a)
  
76,307
24,539,568
Utah Medical Products, Inc.
 
35,103
2,443,169
Varex Imaging Corp. (a)(b)
  
401,139
5,932,846
Zimvie, Inc. (a)
  
284,012
6,004,014
Zynex, Inc. (a)(b)
  
159,512
1,435,608
 
  
  
906,155,548
Health Care Providers & Services - 2.9%
  
  
  
Accolade, Inc. (a)(b)
  
774,481
3,175,372
AdaptHealth Corp. (a)
  
1,067,892
12,131,253
Addus HomeCare Corp. (a)
  
165,642
20,102,313
agilon health, Inc. (a)
  
3,234,200
22,283,638
AirSculpt Technologies, Inc. (a)(b)
  
135,994
675,890
Alignment Healthcare, Inc. (a)
  
1,050,088
9,177,769
AMN Healthcare Services, Inc. (a)
  
396,743
26,827,762
Astrana Health, Inc. (a)(b)
  
452,717
23,749,534
Aveanna Healthcare Holdings, Inc. (a)
  
547,927
2,306,773
BrightSpring Health Services, Inc. (b)
  
563,348
6,979,882
Brookdale Senior Living, Inc. (a)
  
2,005,458
15,502,190
Castle Biosciences, Inc. (a)(b)
  
272,373
6,572,360
Community Health Systems, Inc. (a)
  
1,319,915
6,942,753
Corvel Corp. (a)
  
93,218
28,599,282
Cross Country Healthcare, Inc. (a)
  
347,741
6,342,796
DocGo, Inc. Class A (a)(b)
  
1,066,791
3,872,451
Enhabit Home Health & Hospice (a)
  
519,714
5,321,871
Fulgent Genetics, Inc. (a)
  
209,143
5,004,792
GeneDx Holdings Corp. Class A (a)
  
127,917
4,185,444
Guardant Health, Inc. (a)
  
1,237,355
43,468,281
HealthEquity, Inc. (a)
  
887,843
69,677,919
Hims & Hers Health, Inc. (a)
  
1,992,387
42,318,300
InfuSystems Holdings, Inc. (a)(b)
  
197,898
1,365,496
Innovage Holding Corp. (a)(b)
  
195,808
1,229,674
LifeStance Health Group, Inc. (a)(b)
  
1,252,549
6,901,545
Modivcare, Inc. (a)
  
116,499
2,658,507
Nano-X Imaging Ltd. (a)(b)
  
570,397
4,916,822
National Healthcare Corp.
 
131,655
17,926,145
National Research Corp. Class A
 
158,536
4,041,083
NeoGenomics, Inc. (a)
  
1,336,778
23,701,074
Opko Health, Inc. (a)(b)
  
3,380,873
4,800,840
Option Care Health, Inc. (a)
  
1,827,987
54,272,934
Owens & Minor, Inc. (a)
  
790,478
12,979,649
PACS Group, Inc.
 
260,899
9,340,184
Patterson Companies, Inc.
 
843,213
21,291,128
Pediatrix Medical Group, Inc. (a)
  
876,771
7,312,270
Pennant Group, Inc. (a)
  
305,406
9,104,153
Performant Financial Corp. (a)(b)
  
734,176
2,723,793
PetIQ, Inc. Class A (a)(b)
  
283,434
6,201,536
Privia Health Group, Inc. (a)
  
1,071,925
22,231,725
Progyny, Inc. (a)(b)
  
886,457
24,998,087
Quipt Home Medical Corp. (a)
  
420,658
1,623,740
RadNet, Inc. (a)
  
694,258
41,481,916
Select Medical Holdings Corp.
 
1,119,563
44,513,825
Sonida Senior Living, Inc. (a)
  
35,700
1,152,753
Surgery Partners, Inc. (a)(b)
  
806,067
24,472,194
Talkspace, Inc. Class A (a)(b)
  
1,298,188
2,609,358
The Ensign Group, Inc.
 
581,780
81,885,535
The Joint Corp. (a)(b)
  
113,635
1,638,617
U.S. Physical Therapy, Inc.
 
156,919
15,299,603
Viemed Healthcare, Inc. (a)
  
359,610
2,592,788
 
  
  
820,485,599
Health Care Technology - 0.3%
  
  
  
Definitive Healthcare Corp. (a)
  
563,259
2,196,710
Evolent Health, Inc. Class A (a)(b)
  
1,213,779
28,305,326
Health Catalyst, Inc. (a)
  
614,810
4,531,150
HealthStream, Inc.
 
257,908
7,662,447
Lifemd, Inc. (a)(b)
  
368,550
2,627,762
OptimizeRx Corp. (a)
  
186,150
2,030,897
Phreesia, Inc. (a)
  
536,809
13,393,385
Schrodinger, Inc. (a)(b)
  
584,997
13,033,733
Simulations Plus, Inc.
 
168,185
6,868,675
Teladoc Health, Inc. (a)(b)
  
1,783,520
16,818,594
 
  
  
97,468,679
Life Sciences Tools & Services - 0.3%
  
  
  
Adaptive Biotechnologies Corp. (a)(b)
  
1,214,210
5,524,656
Akoya Biosciences, Inc. (a)(b)
  
272,412
672,858
BioLife Solutions, Inc. (a)
  
373,724
8,976,850
ChromaDex, Inc. (a)(b)
  
516,129
1,543,226
Codexis, Inc. (a)(b)
  
733,960
2,627,577
Conduit Pharmaceuticals, Inc. Class A (a)(b)
  
234,143
54,204
CryoPort, Inc. (a)
  
455,308
4,202,493
Cytek Biosciences, Inc. (a)(b)
  
1,272,367
8,537,583
Harvard Bioscience, Inc. (a)(b)
  
413,684
1,323,789
Lifecore Biomedical (a)(b)
  
215,332
1,363,052
Maravai LifeSciences Holdings, Inc. Class A (a)
  
1,155,133
11,239,444
MaxCyte, Inc. (a)
  
1,095,804
5,259,859
Mesa Laboratories, Inc.
 
53,917
6,174,575
Nautilus Biotechnology, Inc. Class A (a)(b)
  
493,091
1,336,277
OmniAb, Inc. (a)(b)
  
958,568
4,591,541
Pacific Biosciences of California, Inc. (a)(b)
  
2,862,518
5,896,787
Quanterix Corp. (a)
  
376,386
5,555,457
Quantum-Si, Inc. Class A (a)(b)
  
1,031,061
1,123,856
Standard BioTools, Inc. (a)(b)
  
3,154,435
7,065,934
 
  
  
83,070,018
Pharmaceuticals - 1.6%
  
  
  
Alimera Sciences, Inc. (a)
  
225,466
1,253,591
Alto Neuroscience, Inc. (b)
  
92,251
994,466
Amneal Intermediate, Inc. Class A, (a)(b)
  
1,668,355
12,229,042
Amphastar Pharmaceuticals, Inc. (a)(b)
  
403,007
17,538,865
ANI Pharmaceuticals, Inc. (a)
  
194,323
12,770,908
Aquestive Therapeutics, Inc. (a)(b)
  
779,256
2,992,343
Arvinas Holding Co. LLC (a)
  
674,381
18,552,221
Atea Pharmaceuticals, Inc. (a)
  
786,112
3,002,948
Avadel Pharmaceuticals PLC sponsored (a)
  
969,694
15,844,800
Axsome Therapeutics, Inc. (a)(b)
  
382,568
33,402,012
Biote Corp. Class A (a)
  
281,162
2,229,615
Cassava Sciences, Inc. (a)(b)
  
426,105
9,468,053
Collegium Pharmaceutical, Inc. (a)
  
340,917
13,149,169
Contineum Therapeutics, Inc. Class A (b)
  
72,879
1,461,953
Corcept Therapeutics, Inc. (a)(b)
  
848,015
32,792,740
CorMedix, Inc. (a)(b)
  
581,420
2,662,904
Edgewise Therapeutics, Inc. (a)
  
762,424
12,984,081
Enliven Therapeutics, Inc. (a)(b)
  
369,762
9,754,322
Esperion Therapeutics, Inc. (a)(b)
  
1,986,785
4,589,473
Evolus, Inc. (a)
  
580,951
7,215,411
Eyepoint Pharmaceuticals, Inc. (a)(b)
  
524,487
5,181,932
Fulcrum Therapeutics, Inc. (a)
  
651,581
6,046,672
Harmony Biosciences Holdings, Inc. (a)(b)
  
318,023
10,768,259
Harrow, Inc. (a)(b)
  
320,125
8,252,823
Innoviva, Inc. (a)(b)
  
574,787
10,828,987
Ligand Pharmaceuticals, Inc. (a)(b)
  
178,742
19,481,091
Liquidia Corp. (a)(b)
  
606,633
7,237,132
Longboard Pharmaceuticals, Inc. (a)
  
339,712
11,292,027
Lyra Therapeutics, Inc. (a)(b)
  
324,131
105,472
MediWound Ltd. (a)(b)
  
83,885
1,613,109
Mind Medicine (MindMed), Inc. (a)(b)
  
756,058
7,001,097
Nektar Therapeutics (a)
  
1,874,839
2,512,284
Neumora Therapeutics, Inc. (b)
  
882,505
11,349,014
Novartis AG rights (a)(c)
  
526,013
6
Nuvation Bio, Inc. Class A (a)
  
1,885,664
7,222,093
Ocular Therapeutix, Inc. (a)(b)
  
1,634,287
13,826,068
Omeros Corp. (a)(b)
  
583,318
3,144,084
Pacira Biosciences, Inc. (a)(b)
  
478,884
9,888,955
Phathom Pharmaceuticals, Inc. (a)(b)
  
356,189
4,210,154
Phibro Animal Health Corp. Class A
 
213,532
4,031,484
Pliant Therapeutics, Inc. (a)(b)
  
594,285
8,504,218
Prestige Consumer Healthcare, Inc. (a)(b)
  
518,292
36,700,257
Revance Therapeutics, Inc. (a)(b)
  
1,090,027
4,120,302
Scilex Holding Co. (a)(i)
  
528,042
671,669
scPharmaceuticals, Inc. (a)(b)
  
295,215
1,484,931
SIGA Technologies, Inc. (b)
  
487,230
4,862,555
Supernus Pharmaceuticals, Inc. (a)(b)
  
526,194
15,691,105
Tarsus Pharmaceuticals, Inc. (a)(b)
  
386,951
9,399,040
Telomir Pharmaceuticals, Inc. (b)
  
49,940
180,283
Terns Pharmaceuticals, Inc. (a)
  
604,586
4,685,542
Theravance Biopharma, Inc. (a)
  
382,958
3,871,705
Third Harmonics Bio, Inc. (a)
  
208,257
2,528,240
Trevi Therapeutics, Inc. (a)
  
617,813
1,964,645
Ventyx Biosciences, Inc. (a)(b)
  
633,265
1,469,175
Verrica Pharmaceuticals, Inc. (a)(b)
  
200,116
1,318,764
WAVE Life Sciences (a)
  
814,978
5,387,005
Xeris Biopharma Holdings, Inc. (a)(b)
  
1,461,880
3,625,462
Zevra Therapeutics, Inc. (a)(b)
  
442,055
2,868,937
 
  
  
468,215,495
TOTAL HEALTH CARE
  
  
4,890,585,057
INDUSTRIALS - 17.0%
 
  
  
Aerospace & Defense - 1.0%
  
  
  
AAR Corp. (a)
  
361,074
23,325,380
AeroVironment, Inc. (a)
  
274,684
49,042,081
AerSale Corp. (a)(b)
  
349,780
2,357,517
Archer Aviation, Inc. Class A (a)(b)
  
2,451,172
10,221,387
Astronics Corp. (a)
  
302,420
6,964,733
Byrna Technologies, Inc. (a)
  
184,661
1,732,120
Cadre Holdings, Inc.
 
273,386
10,033,266
Ducommun, Inc. (a)
  
141,574
9,084,804
Eve Holding, Inc. (a)(b)
  
181,393
623,992
Intuitive Machines, Inc. Class A (a)(b)
  
299,518
1,192,082
Kratos Defense & Security Solutions, Inc. (a)(b)
  
1,553,002
35,004,665
Leonardo DRS, Inc. (a)
  
776,804
21,905,873
Mercury Systems, Inc. (a)
  
573,113
20,374,167
Moog, Inc. Class A
 
298,226
58,482,119
National Presto Industries, Inc.
 
54,350
4,156,145
Park Aerospace Corp.
 
193,983
2,601,312
Redwire Corp. Class A (a)(b)
  
239,051
1,692,481
Rocket Lab U.S.A., Inc. Class A (a)(b)
  
3,649,992
19,125,958
Terran Orbital Corp. Class A (a)(b)
  
1,593,464
1,146,816
Triumph Group, Inc. (a)
  
676,855
11,093,653
V2X, Inc. (a)
  
127,661
6,654,968
Virgin Galactic Holdings, Inc. (a)(b)
  
196,436
1,396,660
VirTra, Inc. (a)(b)
  
110,272
967,085
 
  
  
299,179,264
Air Freight & Logistics - 0.2%
  
  
  
Air Transport Services Group, Inc. (a)(b)
  
535,769
8,647,312
Forward Air Corp. (b)
  
262,006
6,644,472
Hub Group, Inc. Class A
 
641,015
29,980,272
Radiant Logistics, Inc. (a)
  
367,137
2,283,592
 
  
  
47,555,648
Building Products - 1.5%
  
  
  
American Woodmark Corp. (a)
  
166,361
16,993,776
Apogee Enterprises, Inc.
 
230,450
15,818,088
AZZ, Inc.
 
308,787
24,690,609
Caesarstone Sdot-Yam Ltd. (a)(b)
  
210,808
1,336,523
CSW Industrials, Inc.
 
162,305
52,654,988
Gibraltar Industries, Inc. (a)
  
321,046
23,844,086
Griffon Corp.
 
404,886
29,176,085
Insteel Industries, Inc.
 
197,593
6,767,560
Janus International Group, Inc. (a)
  
1,487,269
21,446,419
Jeld-Wen Holding, Inc. (a)
  
899,126
15,006,413
MasterBrand, Inc. (a)
  
1,327,595
23,963,090
Quanex Building Products Corp.
 
464,484
15,513,766
Resideo Technologies, Inc. (a)
  
1,532,779
34,824,739
Tecnoglass, Inc.
 
236,349
12,717,940
UFP Industries, Inc.
 
634,808
83,750,219
Zurn Elkay Water Solutions Cor
 
1,523,890
49,465,469
 
  
  
427,969,770
Commercial Services & Supplies - 1.7%
  
  
  
ABM Industries, Inc.
 
663,071
36,840,225
ACCO Brands Corp. (b)
  
959,029
4,900,638
ACV Auctions, Inc. Class A (a)(b)
  
1,555,037
26,560,032
Aris Water Solution, Inc. Class A
 
285,013
5,047,580
Bridger Aerospace Group Holdings, Inc. (a)(b)
  
86,453
290,482
BrightView Holdings, Inc. (a)
  
466,511
6,713,093
Casella Waste Systems, Inc. Class A (a)(b)
  
599,512
62,085,463
CECO Environmental Corp. (a)
  
309,229
9,029,487
Cimpress PLC (a)
  
189,327
17,279,875
CompX International, Inc. Class A (b)
  
16,226
416,035
CoreCivic, Inc. (a)
  
1,154,447
16,092,991
Deluxe Corp.
 
467,153
11,389,190
Driven Brands Holdings, Inc. (a)
  
623,648
8,381,829
Ennis, Inc.
 
267,160
6,369,094
Enviri Corp. (a)
  
830,665
9,818,460
Healthcare Services Group, Inc. (a)
  
765,021
8,744,190
HNI Corp.
 
494,577
27,177,006
Interface, Inc.
 
604,020
10,437,466
LanzaTech Global, Inc. Class A (a)(b)
  
1,173,164
2,123,427
Liquidity Services, Inc. (a)(b)
  
224,654
5,047,975
Matthews International Corp. Class A
 
311,436
9,016,072
Millerknoll, Inc. (b)
  
751,347
23,306,784
Montrose Environmental Group, Inc. (a)
  
334,251
10,659,264
NL Industries, Inc.
 
87,859
561,419
OpenLane, Inc. (a)
  
1,117,611
19,982,885
Perma-Fix Environmental Services, Inc. (a)(b)
  
132,553
1,682,098
Pitney Bowes, Inc. (b)
  
1,687,872
11,139,955
Quad/Graphics, Inc. Class A (b)
  
313,185
1,431,255
Quest Resource Holding Corp. (a)
  
177,968
1,502,050
Steelcase, Inc. Class A
 
972,146
14,086,396
The Brink's Co.
 
470,453
51,745,125
The GEO Group, Inc. (a)
  
1,302,847
18,891,282
UniFirst Corp.
 
157,843
30,706,777
Viad Corp. (a)
  
213,921
7,112,873
Virco Manufacturing Co. (b)
  
111,360
1,959,936
VSE Corp.
 
143,931
12,808,420
 
  
  
491,337,129
Construction & Engineering - 1.5%
  
  
  
Ameresco, Inc. Class A (a)(b)
  
337,708
10,661,442
Arcosa, Inc.
 
508,529
47,247,429
Argan, Inc.
 
130,407
10,293,025
Bowman Consulting Group Ltd. (a)
  
139,820
4,994,370
Centuri Holdings, Inc. (b)
  
142,757
2,356,918
Concrete Pumping Holdings, Inc. (a)
  
245,776
1,639,326
Construction Partners, Inc. Class A (a)
  
451,227
29,171,826
Dycom Industries, Inc. (a)
  
297,961
54,678,823
Fluor Corp. (a)
  
1,790,971
86,145,705
Granite Construction, Inc.
 
462,746
31,679,591
Great Lakes Dredge & Dock Corp. (a)
  
686,894
6,477,410
IES Holdings, Inc. (a)
  
87,910
13,535,503
Limbach Holdings, Inc. (a)
  
107,773
6,867,296
Matrix Service Co. (a)
  
276,467
2,797,846
MYR Group, Inc. (a)
  
174,333
24,490,300
Northwest Pipe Co. (a)
  
99,531
3,797,108
Orion Group Holdings, Inc. (a)
  
322,534
2,648,004
Primoris Services Corp.
 
560,746
31,665,327
Southland Holdings, Inc. (a)
  
97,147
378,873
Sterling Construction Co., Inc. (a)
  
317,545
36,949,536
Tutor Perini Corp. (a)
  
456,200
11,354,818
 
  
  
419,830,476
Electrical Equipment - 1.4%
  
  
  
374Water, Inc. (a)(b)
  
669,307
809,861
Allient, Inc.
 
152,380
4,409,877
American Superconductor Corp. (a)(b)
  
359,379
8,682,597
Amprius Technologies, Inc. (a)(b)
  
135,139
162,167
Array Technologies, Inc. (a)
  
1,601,696
16,849,842
Atkore, Inc.
 
385,210
52,003,350
Blink Charging Co. (a)(b)
  
1,013,549
3,334,576
Bloom Energy Corp. Class A (a)(b)
  
2,085,842
28,242,301
ChargePoint Holdings, Inc. Class A (a)(b)
  
4,075,507
8,843,850
Energy Vault Holdings, Inc. Class A (a)(b)
  
1,067,179
1,088,523
EnerSys
 
419,464
46,111,678
Enovix Corp. (a)(b)
  
1,560,706
22,489,773
Fluence Energy, Inc. (a)(b)
  
640,167
10,485,935
Freyr Battery, Inc. (b)
  
1,163,424
2,094,163
FuelCell Energy, Inc. (a)(b)
  
4,674,311
2,367,071
GrafTech International Ltd.
 
2,663,969
2,046,195
LSI Industries, Inc.
 
294,472
5,023,692
Net Power, Inc. Class A (a)(b)
  
221,946
2,121,804
Nextracker, Inc. Class A (a)
  
1,223,496
60,122,593
NuScale Power Corp. Class A (a)(b)
  
814,725
8,326,490
Plug Power, Inc. (a)(b)
  
6,615,328
16,339,860
Powell Industries, Inc.
 
98,307
18,052,114
Preformed Line Products Co.
 
25,496
3,515,134
SES AI Corp. Class A (a)(b)
  
1,361,099
1,674,152
Shoals Technologies Group, Inc. (a)(b)
  
1,798,730
11,691,745
SolarMax Technology, Inc. (b)
  
54,927
232,890
Solidion Technology, Inc. Class A (a)(b)
  
81,794
33,781
Stem, Inc. (a)(b)
  
1,588,011
1,937,373
SunPower Corp. (a)(b)
  
908,571
775,465
Sunrun, Inc. (a)(b)
  
2,292,145
40,181,302
Thermon Group Holdings, Inc. (a)
  
351,279
11,525,464
TPI Composites, Inc. (a)(b)
  
484,446
2,063,740
Ultralife Corp. (a)
  
106,453
1,275,307
Vicor Corp. (a)
  
235,453
9,914,926
 
  
  
404,829,591
Ground Transportation - 0.5%
  
  
  
ArcBest Corp.
 
247,306
31,172,921
Covenant Transport Group, Inc. Class A
 
84,969
4,754,016
FTAI Infrastructure LLC
 
1,062,606
10,955,468
Heartland Express, Inc.
 
485,567
6,297,804
Hertz Global Holdings, Inc. (a)(b)
  
1,277,962
5,214,085
Marten Transport Ltd.
 
608,586
11,447,503
P.A.M. Transportation Services, Inc. (a)
  
61,862
1,261,366
RXO, Inc. (a)(b)
  
1,222,635
38,769,756
Universal Logistics Holdings, Inc.
 
72,427
3,116,534
Werner Enterprises, Inc. (b)
  
660,839
25,898,280
 
  
  
138,887,733
Industrial Conglomerates - 0.0%
  
  
  
Brookfield Business Corp. Class A
 
267,538
6,032,982
Machinery - 3.9%
  
  
  
3D Systems Corp. (a)(b)
  
1,330,480
4,856,252
Alamo Group, Inc.
 
107,472
20,712,004
Albany International Corp. Class A
 
327,097
30,609,737
Astec Industries, Inc.
 
238,474
8,368,053
Atmus Filtration Technologies, Inc.
 
874,881
26,981,330
Barnes Group, Inc.
 
486,840
19,639,126
Blue Bird Corp. (a)
  
338,286
17,631,466
Chart Industries, Inc. (a)(b)
  
442,972
71,353,930
Columbus McKinnon Corp. (NY Shares)
 
297,803
11,364,162
Commercial Vehicle Group, Inc. (a)
  
326,453
1,779,169
Douglas Dynamics, Inc.
 
237,835
6,875,810
Eastern Co.
 
54,861
1,615,108
Energy Recovery, Inc. (a)
  
596,235
8,693,106
Enerpac Tool Group Corp. Class A
 
571,536
22,975,747
EnPro Industries, Inc.
 
220,601
37,709,535
ESCO Technologies, Inc.
 
271,590
33,394,706
Federal Signal Corp.
 
631,755
63,156,547
Franklin Electric Co., Inc.
 
475,180
50,663,692
Gencor Industries, Inc. (a)
  
108,454
2,671,222
Gorman-Rupp Co.
 
220,630
9,114,225
Graham Corp. (a)
  
108,706
3,562,296
Helios Technologies, Inc.
 
348,137
15,996,895
Hillenbrand, Inc.
 
736,680
32,583,356
Hillman Solutions Corp. Class A (a)
  
2,068,032
20,990,525
Hyliion Holdings Corp. Class A (a)(b)
  
1,480,919
3,287,640
Hyster-Yale Materials Handling, Inc. Class A
 
120,993
9,889,968
John Bean Technologies Corp.
 
332,803
32,741,159
Kadant, Inc. (b)
  
123,217
43,309,543
Kennametal, Inc.
 
829,441
21,681,588
L.B. Foster Co. Class A (a)
  
94,301
2,264,167
Lindsay Corp.
 
114,918
14,478,519
Luxfer Holdings PLC sponsored
 
281,541
3,643,141
Manitowoc Co., Inc. (a)
  
361,716
4,572,090
Mayville Engineering Co., Inc. (a)
  
135,060
2,580,997
Miller Industries, Inc.
 
117,623
7,991,307
Mueller Industries, Inc.
 
1,173,216
83,227,943
Mueller Water Products, Inc.
 
1,630,086
33,710,178
NN, Inc. (a)(b)
  
485,140
1,901,749
Omega Flex, Inc.
 
36,900
1,940,202
Park-Ohio Holdings Corp.
 
89,668
2,799,435
Proto Labs, Inc. (a)
  
269,599
9,387,437
REV Group, Inc.
 
541,303
15,795,222
Shyft Group, Inc. (The)
 
354,922
5,952,042
SPX Technologies, Inc. (a)
  
472,712
69,743,928
Standex International Corp.
 
122,076
22,803,797
Taylor Devices, Inc. (a)(b)
  
25,431
1,306,136
Tennant Co.
 
198,936
21,423,418
Terex Corp.
 
699,206
44,231,772
The Greenbrier Companies, Inc. (b)
  
322,148
16,432,769
Titan International, Inc. (a)(b)
  
517,847
4,412,056
Trinity Industries, Inc.
 
856,042
28,300,749
Twin Disc, Inc.
 
114,895
1,656,786
Wabash National Corp.
 
468,112
10,059,727
Watts Water Technologies, Inc. Class A
 
287,263
59,612,818
 
  
  
1,104,436,282
Marine Transportation - 0.3%
  
  
  
Costamare, Inc.
 
448,478
6,646,444
Genco Shipping & Trading Ltd.
 
443,171
8,601,949
Golden Ocean Group Ltd.
 
1,278,616
15,880,411
Himalaya Shipping Ltd.
 
310,911
2,524,597
Matson, Inc.
 
356,406
47,298,640
Pangaea Logistics Solutions Ltd.
 
324,576
2,356,422
Safe Bulkers, Inc. (b)
  
657,092
3,324,886
 
  
  
86,633,349
Passenger Airlines - 0.4%
  
  
  
Allegiant Travel Co.
 
162,178
9,093,320
Blade Air Mobility, Inc. (a)(b)
  
598,623
1,975,456
Frontier Group Holdings, Inc. (a)(b)
  
437,613
1,724,195
Hawaiian Holdings, Inc. (a)
  
533,466
6,823,030
JetBlue Airways Corp. (a)(b)
  
3,206,952
20,556,562
Joby Aviation, Inc. (a)(b)
  
4,216,412
25,214,144
SkyWest, Inc. (a)
  
416,179
33,269,349
Spirit Airlines, Inc. (b)
  
1,141,281
3,435,256
Sun Country Airlines Holdings, Inc. (a)
  
412,081
5,398,261
Wheels Up Experience, Inc. Class A (a)(b)
  
940,338
2,473,089
 
  
  
109,962,662
Professional Services - 2.3%
  
  
  
Alight, Inc. Class A (a)(b)
  
4,975,305
37,663,059
Asure Software, Inc. (a)(b)
  
248,000
2,554,400
Barrett Business Services, Inc.
 
270,490
9,856,656
BlackSky Technology, Inc. Class A (a)(b)
  
1,140,767
1,277,659
CBIZ, Inc. (a)
  
503,130
34,917,222
Conduent, Inc. (a)
  
1,681,705
6,861,356
CRA International, Inc.
 
70,091
12,251,907
CSG Systems International, Inc.
 
309,348
14,489,860
DLH Holdings Corp. (a)
  
85,661
991,098
ExlService Holdings, Inc. (a)
  
1,648,706
58,133,374
Exponent, Inc.
 
530,326
56,256,982
First Advantage Corp. (b)
  
534,835
9,209,859
FiscalNote Holdings, Inc. Class A (a)(b)
  
621,688
951,183
Forrester Research, Inc. (a)
  
122,894
2,481,230
Franklin Covey Co. (a)
  
119,205
5,210,451
Heidrick & Struggles International, Inc.
 
211,798
8,501,572
Hirequest, Inc. (b)
  
57,129
768,385
Huron Consulting Group, Inc. (a)
  
186,180
20,481,662
IBEX Ltd. (a)(b)
  
92,906
1,620,281
ICF International, Inc.
 
195,490
28,756,579
Innodata, Inc. (a)(b)
  
284,475
5,504,591
Insperity, Inc.
 
375,933
38,615,838
Kelly Services, Inc. Class A (non-vtg.)
 
322,056
7,577,978
Kforce, Inc.
 
195,896
13,608,895
Korn Ferry
 
545,268
40,197,157
LegalZoom.com, Inc. (a)
  
1,445,481
9,655,813
Maximus, Inc.
 
638,630
59,322,341
MISTRAS Group, Inc. (a)
  
215,418
2,154,180
NV5 Global, Inc. (a)
  
149,608
15,430,569
Planet Labs PBC Class A (a)(b)
  
1,770,661
4,497,479
Resources Connection, Inc.
 
335,723
4,005,175
Spire Global, Inc. (a)(b)
  
235,571
3,283,860
Sterling Check Corp. (a)(b)
  
349,844
5,485,554
TriNet Group, Inc.
 
340,198
35,465,642
TrueBlue, Inc. (a)
  
317,257
3,791,221
Ttec Holdings, Inc. (b)
  
203,994
1,627,872
Upwork, Inc. (a)
  
1,307,501
15,846,912
Verra Mobility Corp. (a)
  
1,746,269
52,615,085
Willdan Group, Inc. (a)
  
133,221
4,513,527
WNS Holdings Ltd.
 
486,034
28,957,906
 
  
  
665,392,370
Trading Companies & Distributors - 2.3%
  
  
  
Alta Equipment Group, Inc.
 
280,564
2,945,922
Applied Industrial Technologies, Inc.
 
403,474
88,033,992
Beacon Roofing Supply, Inc. (a)
  
667,334
68,601,935
BlueLinx Corp. (a)
  
88,574
10,681,139
Boise Cascade Co.
 
415,477
59,035,127
Custom Truck One Source, Inc. Class A (a)(b)
  
529,752
2,654,058
Distribution Solutions Group I (a)
  
111,982
3,779,393
DNOW, Inc. (a)
  
1,131,328
17,377,198
DXP Enterprises, Inc. (a)
  
130,933
7,169,891
EVI Industries, Inc. (b)
  
53,650
1,096,070
FTAI Aviation Ltd.
 
1,044,904
116,454,551
GATX Corp.
 
373,140
52,053,030
Global Industrial Co.
 
142,966
4,986,654
GMS, Inc. (a)
  
419,449
40,363,577
H&E Equipment Services, Inc.
 
338,874
17,723,110
Herc Holdings, Inc.
 
295,126
45,992,436
Hudson Technologies, Inc. (a)
  
464,072
3,972,456
Karat Packaging, Inc.
 
73,091
2,183,228
McGrath RentCorp.
 
255,571
28,069,363
MRC Global, Inc. (a)
  
883,229
12,789,156
Rush Enterprises, Inc.:
  
  
  
 Class A
 
723,925
36,927,414
 Class B
 
2,479
117,207
Titan Machinery, Inc. (a)
  
212,728
3,792,940
Transcat, Inc. (a)
  
90,793
10,462,985
Willis Lease Finance Corp.
 
31,448
2,713,333
Xometry, Inc. (a)(b)
  
442,143
6,468,552
 
  
  
646,444,717
Transportation Infrastructure - 0.0%
  
  
  
Sky Harbour Group Corp. Class A (a)(b)
  
118,883
1,218,551
TOTAL INDUSTRIALS
  
  
4,849,710,524
INFORMATION TECHNOLOGY - 12.6%
 
  
  
Communications Equipment - 0.6%
  
  
  
ADTRAN Holdings, Inc.
 
825,289
5,587,207
Applied Optoelectronics, Inc. (a)(b)
  
388,945
3,714,425
Aviat Networks, Inc. (a)
  
120,315
3,729,765
Calix, Inc. (a)
  
617,794
25,409,867
Clearfield, Inc. (a)(b)
  
132,339
5,743,513
CommScope Holding Co., Inc. (a)
  
2,206,733
5,715,438
Digi International, Inc. (a)(b)
  
375,695
10,256,474
Extreme Networks, Inc. (a)
  
1,316,754
18,829,582
Harmonic, Inc. (a)
  
1,160,251
17,009,280
Infinera Corp. (a)(b)
  
2,093,687
12,436,501
NETGEAR, Inc. (a)
  
294,831
4,681,916
NetScout Systems, Inc. (a)
  
723,751
14,728,333
Ribbon Communications, Inc. (a)
  
953,339
3,231,819
ViaSat, Inc. (a)(b)
  
1,271,430
25,708,315
Viavi Solutions, Inc. (a)
  
2,304,297
18,526,548
 
  
  
175,308,983
Electronic Equipment, Instruments & Components - 3.0%
  
  
  
908 Devices, Inc. (a)(b)
  
247,945
1,410,807
Advanced Energy Industries, Inc.
 
392,525
45,678,134
Aeva Technologies, Inc. (a)(b)
  
238,265
864,902
Arlo Technologies, Inc. (a)
  
999,918
15,158,757
Badger Meter, Inc.
 
308,084
63,514,597
Bel Fuse, Inc.:
  
  
  
 Class A (b)
  
17,227
1,615,031
 Class B (non-vtg.)
 
109,946
8,165,689
Belden, Inc.
 
424,719
39,367,204
Benchmark Electronics, Inc.
 
375,677
17,983,658
Climb Global Solutions, Inc.
 
44,607
3,185,832
CTS Corp.
 
319,985
15,640,867
Daktronics, Inc. (a)(b)
  
390,340
5,847,293
ePlus, Inc. (a)
  
276,367
25,403,655
Evolv Technologies Holdings, Inc. (a)(b)
  
1,370,203
4,754,604
Fabrinet (a)
  
382,861
84,443,822
FARO Technologies, Inc. (a)
  
185,690
3,175,299
Insight Enterprises, Inc. (a)(b)
  
292,504
65,667,148
Iteris, Inc. (a)
  
438,857
2,154,788
Itron, Inc. (a)
  
481,920
49,849,805
Kimball Electronics, Inc. (a)
  
253,239
6,001,764
Knowles Corp. (a)
  
922,601
16,855,920
Lightwave Logic, Inc. (a)(b)
  
1,255,144
4,342,798
Methode Electronics, Inc.
 
353,024
4,469,284
MicroVision, Inc. (a)(b)
  
2,148,807
2,299,223
Mirion Technologies, Inc. Class A (a)
  
2,101,216
22,146,817
Napco Security Technologies, Inc.
 
370,439
20,674,201
nLIGHT, Inc. (a)(b)
  
482,761
5,826,925
Novanta, Inc. (a)(b)
  
376,458
68,206,660
OSI Systems, Inc. (a)(b)
  
169,675
25,108,507
Ouster, Inc. Class A (a)
  
455,447
5,980,019
Par Technology Corp. (a)(b)
  
354,211
17,937,245
PC Connection, Inc.
 
121,795
8,716,868
Plexus Corp. (a)
  
284,594
36,476,413
Powerfleet, Inc. (a)(b)
  
955,102
4,326,612
Richardson Electronics Ltd.
 
128,975
1,543,831
Rogers Corp. (a)
  
196,628
24,024,009
Sanmina Corp. (a)
  
574,905
43,307,594
ScanSource, Inc. (a)
  
263,322
13,705,910
Smartrent, Inc. (a)(b)
  
2,028,734
3,732,871
TTM Technologies, Inc. (a)
  
1,060,850
20,559,273
Vishay Intertechnology, Inc. (b)
  
1,321,470
32,124,936
Vishay Precision Group, Inc. (a)
  
124,578
4,271,780
 
  
  
846,521,352
IT Services - 0.7%
  
  
  
Applied Digital Corp. (a)(b)
  
1,036,246
5,036,156
ASGN, Inc. (a)
  
473,093
44,787,714
Backblaze, Inc. Class A (a)
  
420,838
2,785,948
BigBear.ai Holdings, Inc. (a)(b)
  
1,069,609
1,615,110
BigCommerce Holdings, Inc. (a)(b)
  
734,168
5,946,761
Core Scientific, Inc. (b)
  
1,871,567
18,247,778
Couchbase, Inc. (a)
  
410,799
7,883,233
Digitalocean Holdings, Inc. (a)(b)
  
688,549
22,811,628
Fastly, Inc. Class A (a)(b)
  
1,352,120
10,952,172
Grid Dynamics Holdings, Inc. (a)
  
607,265
7,833,719
Hackett Group, Inc.
 
266,423
7,268,019
Information Services Group, Inc.
 
358,508
1,244,023
Perficient, Inc. (a)
  
364,631
27,496,824
Rackspace Technology, Inc. (a)(b)
  
704,632
1,648,839
Squarespace, Inc. Class A (a)
  
636,482
28,126,140
Thoughtworks Holding, Inc. (a)
  
1,044,270
3,634,060
Tucows, Inc. (a)(b)
  
82,145
2,067,590
Unisys Corp. (a)
  
690,986
3,289,093
 
  
  
202,674,807
Semiconductors & Semiconductor Equipment - 2.3%
  
  
  
ACM Research, Inc. Class A, (a)
  
535,855
9,618,597
AEHR Test Systems (a)(b)
  
290,414
5,480,112
Alpha & Omega Semiconductor Ltd. (a)
  
243,114
10,064,920
Ambarella, Inc. (a)
  
396,813
20,888,236
Axcelis Technologies, Inc. (a)
  
341,882
43,196,791
CEVA, Inc. (a)(b)
  
243,682
4,885,824
Cohu, Inc. (a)
  
484,158
15,488,214
Credo Technology Group Holding Ltd. (a)
  
1,337,383
37,112,378
Diodes, Inc. (a)
  
477,539
37,343,550
Everspin Technologies, Inc. (a)
  
195,315
1,212,906
FormFactor, Inc. (a)
  
812,992
43,543,852
GCT Semiconductor Holding, Inc. (b)
  
78,107
367,103
Ichor Holdings Ltd. (a)
  
341,192
11,600,528
Impinj, Inc. (a)
  
237,264
37,793,783
indie Semiconductor, Inc. (a)(b)
  
1,724,083
10,310,016
Kulicke & Soffa Industries, Inc.
 
574,408
27,094,825
MaxLinear, Inc. Class A (a)
  
828,493
11,714,891
Navitas Semiconductor Corp. Class A (a)(b)
  
1,327,761
4,925,993
NVE Corp.
 
50,531
4,512,418
PDF Solutions, Inc. (a)
  
327,657
11,497,484
Photronics, Inc. (a)
  
647,762
16,459,632
Power Integrations, Inc.
 
592,739
43,293,657
QuickLogic Corp. (a)(b)
  
145,500
1,571,400
Rambus, Inc. (a)
  
1,142,824
58,786,867
Rigetti Computing, Inc. Class A (a)(b)
  
1,481,071
1,525,503
Semtech Corp. (a)(b)
  
678,174
21,511,679
Silicon Laboratories, Inc. (a)
  
332,280
39,916,796
SiTime Corp. (a)
  
192,885
27,380,026
SkyWater Technology, Inc. (a)(b)
  
287,616
2,128,358
SMART Global Holdings, Inc. (a)(b)
  
539,322
12,620,135
Synaptics, Inc. (a)
  
407,965
35,623,504
Ultra Clean Holdings, Inc. (a)
  
464,874
20,110,449
Veeco Instruments, Inc. (a)(b)
  
585,188
24,232,635
 
  
  
653,813,062
Software - 5.8%
  
  
  
8x8, Inc. (a)(b)
  
1,225,489
3,774,506
A10 Networks, Inc.
 
744,933
9,751,173
ACI Worldwide, Inc. (a)
  
1,108,340
47,913,538
Adeia, Inc. (b)
  
1,141,999
13,418,488
Agilysys, Inc. (a)
  
232,463
26,056,778
Airship AI Holdings, Inc. Class A (a)(b)
  
29,488
117,362
Alarm.com Holdings, Inc. (a)
  
506,097
35,705,143
Alkami Technology, Inc. (a)
  
465,204
15,226,127
Altair Engineering, Inc. Class A (a)
  
600,647
53,073,169
American Software, Inc. Class A
 
331,177
3,623,076
Amplitude, Inc. Class A, (a)(b)
  
802,420
6,868,715
Appian Corp. Class A (a)(b)
  
421,918
15,585,651
Arteris, Inc. (a)
  
292,207
2,393,175
Asana, Inc. (a)(b)
  
833,431
12,126,421
AudioEye, Inc. (a)(b)
  
74,544
1,865,836
Aurora Innovation, Inc. Class A, (a)(b)
  
8,818,692
35,274,768
AvePoint, Inc. (a)
  
1,342,596
14,634,296
Bit Digital, Inc. (a)(b)
  
1,232,326
4,695,162
Blackbaud, Inc. (a)
  
433,218
34,388,845
BlackLine, Inc. (a)
  
605,124
28,755,492
Blend Labs, Inc. (a)(b)
  
2,425,467
6,718,544
Box, Inc. Class A (a)
  
1,475,762
41,498,427
Braze, Inc. (a)
  
551,047
24,279,131
C3.ai, Inc. (a)(b)
  
868,224
23,224,992
Cerence, Inc. (a)(b)
  
423,999
1,348,317
Cipher Mining, Inc. (a)(b)
  
1,813,366
9,483,904
Cleanspark, Inc. (a)(b)
  
2,325,590
37,209,440
Clear Secure, Inc.
 
923,758
19,722,233
Clearwater Analytics Holdings, Inc. (a)
  
1,470,540
28,749,057
CommVault Systems, Inc. (a)
  
458,828
70,131,860
Consensus Cloud Solutions, Inc. (a)
  
187,773
3,999,565
CS Disco, Inc. (a)(b)
  
310,400
1,918,272
D-Wave Quantum, Inc. (a)(b)
  
913,301
913,301
Daily Journal Corp. (a)(b)
  
14,642
6,817,315
Dave, Inc. (a)(b)
  
82,535
3,000,973
Digimarc Corp. (a)(b)
  
159,884
5,114,689
Digital Turbine, Inc. (a)
  
993,357
2,364,190
Domo, Inc. Class B (a)
  
352,299
2,945,220
E2open Parent Holdings, Inc. (a)(b)
  
1,787,856
8,349,288
eGain Communications Corp. (a)
  
210,007
1,522,551
Enfusion, Inc. Class A (a)(b)
  
508,949
4,824,837
Envestnet, Inc. (a)
  
531,334
32,932,081
EverCommerce, Inc. (a)(b)
  
228,983
2,761,535
Freshworks, Inc. (a)
  
2,137,593
26,719,913
Hut 8 Mining Corp. (a)(b)
  
841,341
12,317,232
Ilearningengines Holdings, Inc. Class A (a)(b)
  
307,914
2,546,449
Instructure Holdings, Inc. (a)(b)
  
232,556
5,432,508
Intapp, Inc. (a)
  
410,647
14,713,482
InterDigital, Inc. (b)
  
265,924
32,644,830
Jamf Holding Corp. (a)
  
778,415
14,252,779
Kaltura, Inc. (a)
  
970,069
1,290,192
Liveramp Holdings, Inc. (a)
  
684,384
20,723,148
Marathon Digital Holdings, Inc. (a)(b)
  
2,868,250
56,418,478
Matterport, Inc. Class A (a)
  
2,760,897
12,258,383
MeridianLink, Inc. (a)(b)
  
283,622
6,701,988
Mitek Systems, Inc. (a)(b)
  
487,178
6,484,339
N-able, Inc. (a)(b)
  
750,889
10,467,393
NCR Voyix Corp. (a)
  
1,519,161
22,407,625
Nextnav, Inc. Class A (a)(b)
  
791,064
6,573,742
Olo, Inc. Class A (a)
  
1,103,493
5,274,697
ON24, Inc. (a)
  
284,069
1,866,333
Onespan, Inc. (a)(b)
  
399,144
5,907,331
Ooma, Inc. (a)(b)
  
258,745
2,690,948
Pagaya Technologies Ltd. Class A (a)
  
424,737
6,320,087
Pagerduty, Inc. (a)(b)
  
936,532
19,601,615
Porch Group, Inc. (a)(b)
  
816,742
1,674,321
PowerSchool Holdings, Inc. Class A (a)(b)
  
626,211
14,127,320
Prairie Operating Co. (a)(b)
  
43,792
422,593
Progress Software Corp.
 
449,590
26,256,056
PROS Holdings, Inc. (a)
  
478,637
11,535,152
Q2 Holdings, Inc. (a)
  
619,057
41,767,776
Qualys, Inc. (a)
  
389,418
58,077,801
Rapid7, Inc. (a)
  
649,113
25,536,105
Red Violet, Inc. (a)(b)
  
117,076
3,015,878
Rekor Systems, Inc. (a)(b)
  
743,003
1,352,265
Repositrak, Inc. (b)
  
126,029
2,408,414
Rimini Street, Inc. (a)(b)
  
557,708
1,238,112
Riot Platforms, Inc. (a)(b)
  
2,847,677
29,017,829
Roadzen, Inc. (a)
  
153,902
237,009
Sapiens International Corp. NV
 
324,761
12,633,203
Semrush Holdings, Inc. (a)
  
385,494
5,682,182
SolarWinds, Inc.
 
568,957
6,787,657
SoundHound AI, Inc. (a)(b)
  
2,980,254
15,169,493
SoundThinking, Inc. (a)
  
103,726
1,603,604
Sprinklr, Inc. (a)(b)
  
1,082,902
10,644,927
Sprout Social, Inc. (a)(b)
  
518,639
20,263,226
SPS Commerce, Inc. (a)
  
390,808
84,187,859
Telos Corp. (a)
  
592,862
2,549,307
Tenable Holdings, Inc. (a)
  
1,236,711
56,789,769
TeraWulf, Inc. (a)
  
2,416,721
10,053,559
Varonis Systems, Inc. (a)
  
1,157,727
63,825,490
Verint Systems, Inc. (a)
  
648,756
23,446,042
Vertex, Inc. Class A (a)
  
570,630
22,625,480
Viant Technology, Inc. (a)
  
165,000
1,918,950
Weave Communications, Inc. (a)
  
413,710
4,137,100
Workiva, Inc. (a)
  
528,490
38,986,707
Xperi, Inc. (a)
  
472,048
3,856,632
Yext, Inc. (a)
  
1,099,133
6,331,006
Zeta Global Holdings Corp. (a)
  
1,727,905
37,011,725
Zuora, Inc. (a)
  
1,358,149
12,318,411
 
  
  
1,656,179,895
Technology Hardware, Storage & Peripherals - 0.2%
  
  
  
CompoSecure, Inc. (b)
  
181,163
1,476,478
Corsair Gaming, Inc. (a)(b)
  
463,511
3,805,425
CPI Card Group (a)
  
52,019
1,525,717
Diebold Nixdorf, Inc.
 
265,664
11,569,667
Eastman Kodak Co. (a)(b)
  
637,299
3,702,707
Immersion Corp.
 
319,673
4,082,224
IonQ, Inc. (a)(b)
  
2,086,555
17,005,423
Turtle Beach Corp. (a)
  
179,600
2,598,812
Xerox Holdings Corp. (b)
  
1,219,067
13,123,256
 
  
  
58,889,709
TOTAL INFORMATION TECHNOLOGY
  
  
3,593,387,808
MATERIALS - 4.5%
 
  
  
Chemicals - 1.9%
  
  
  
AdvanSix, Inc.
 
265,490
7,425,755
American Vanguard Corp.
 
259,340
2,494,851
Arcadium Lithium PLC (b)
  
11,359,603
36,123,538
Arq, Inc. (a)(b)
  
261,677
1,711,368
ASP Isotopes, Inc. (a)(b)
  
421,348
1,116,572
Aspen Aerogels, Inc. (a)
  
612,804
12,507,330
Avient Corp.
 
946,162
42,804,369
Balchem Corp.
 
338,824
60,127,707
Cabot Corp.
 
569,045
57,069,523
Core Molding Technologies, Inc. (a)
  
77,161
1,423,620
Danimer Scientific, Inc. warrants 7/15/25 (a)
  
286,623
21,497
Ecovyst, Inc. (a)(b)
  
1,210,375
11,546,978
H.B. Fuller Co.
 
572,779
49,373,550
Hawkins, Inc.
 
203,339
21,126,922
Ingevity Corp. (a)
  
380,425
17,457,703
Innospec, Inc.
 
261,774
34,329,042
Intrepid Potash, Inc. (a)
  
113,119
2,951,275
Koppers Holdings, Inc.
 
212,685
8,658,406
Kronos Worldwide, Inc.
 
232,033
2,775,115
LSB Industries, Inc. (a)(b)
  
554,120
5,048,033
Mativ, Inc.
 
565,514
10,795,662
Minerals Technologies, Inc.
 
336,421
26,368,678
Northern Technologies International Corp.
 
82,624
1,088,158
Orion SA
 
600,760
14,790,711
Perimeter Solutions SA (a)
  
1,406,194
13,626,020
PureCycle Technologies, Inc. (a)(b)
  
1,292,276
9,963,448
Quaker Chemical Corp.
 
146,476
26,595,647
Rayonier Advanced Materials, Inc. (a)
  
670,514
4,458,918
Sensient Technologies Corp.
 
441,236
34,438,470
Stepan Co.
 
222,823
18,857,510
Tronox Holdings PLC
 
1,245,142
20,121,495
Valhi, Inc. (b)
  
24,521
517,393
 
  
  
557,715,264
Construction Materials - 0.4%
  
  
  
Knife River Holding Co. (a)
  
597,346
47,500,954
Smith-Midland Corp. (a)(b)
  
47,203
1,638,888
Summit Materials, Inc. (a)
  
1,270,146
53,066,700
United States Lime & Minerals, Inc.
 
111,796
9,508,250
 
  
  
111,714,792
Containers & Packaging - 0.3%
  
  
  
Ardagh Metal Packaging SA
 
1,510,638
5,559,148
Greif, Inc.:
  
  
  
 Class A
 
310,410
20,698,139
 Class B
 
5,115
361,477
Myers Industries, Inc.
 
384,427
5,727,962
O-I Glass, Inc. (a)
  
1,620,779
21,653,607
Pactiv Evergreen, Inc.
 
428,161
5,626,036
Ranpak Holdings Corp. (A Shares) (a)
  
452,196
3,264,855
TriMas Corp.
 
425,321
10,454,390
 
  
  
73,345,614
Metals & Mining - 1.8%
  
  
  
Alpha Metallurgical Resources
 
115,316
34,065,500
Arch Resources, Inc. Class A,
 
184,418
27,026,458
Caledonia Mining Corp. PLC
 
170,709
1,997,295
Carpenter Technology Corp.
 
499,333
72,837,705
Century Aluminum Co. (a)(b)
  
555,973
8,400,752
Coeur d'Alene Mines Corp. (a)
  
4,148,832
26,925,920
Commercial Metals Co.
 
1,212,789
72,888,619
Compass Minerals International, Inc. (b)
  
360,196
4,790,607
Constellium NV (a)
  
1,357,801
24,182,436
Contango ORE, Inc. (a)(b)
  
80,539
1,840,316
Critical Metals Corp. (b)
  
76,626
772,390
Dakota Gold Corp. (a)
  
667,353
1,588,300
Haynes International, Inc.
 
132,557
7,893,769
Hecla Mining Co.
 
6,064,474
35,052,660
i-80 Gold Corp. (a)(b)
  
2,679,445
2,813,417
Ivanhoe Electric, Inc. (a)(b)
  
875,895
8,688,878
Kaiser Aluminum Corp.
 
168,410
13,252,183
Lifezone Metals Ltd. (b)
  
382,497
3,017,901
Materion Corp.
 
216,209
26,038,050
Metallus, Inc. (a)(b)
  
449,608
10,080,211
Metals Acquisition Ltd. (a)
  
562,842
7,260,662
Novagold Resources, Inc. (a)(b)
  
2,543,344
12,157,184
Olympic Steel, Inc.
 
115,711
5,864,233
Perpetua Resources Corp. (a)
  
405,626
2,754,201
Piedmont Lithium, Inc. (a)(b)
  
189,116
1,894,942
Radius Recycling, Inc. Class A
 
274,244
4,969,301
Ramaco Resources, Inc.:
  
  
  
 Class A (b)
  
256,312
3,485,843
 Class B
 
85,667
1,001,447
Ryerson Holding Corp.
 
304,020
7,232,636
SSR Mining, Inc.
 
2,111,918
11,763,383
SunCoke Energy, Inc.
 
882,026
10,319,704
Tredegar Corp.
 
270,038
1,541,917
Universal Stainless & Alloy Products, Inc. (a)
  
92,155
3,457,656
Warrior Metropolitan Coal, Inc.
 
544,116
37,603,857
Worthington Steel, Inc.
 
341,456
13,613,851
 
  
  
509,074,184
Paper & Forest Products - 0.1%
  
  
  
Clearwater Paper Corp. (a)
  
170,117
9,436,390
Glatfelter Corp. (a)
  
108,061
164,253
Sylvamo Corp.
 
369,318
27,222,430
 
  
  
36,823,073
TOTAL MATERIALS
  
  
1,288,672,927
REAL ESTATE - 6.0%
 
  
  
Equity Real Estate Investment Trusts (REITs) - 5.3%
  
  
  
Acadia Realty Trust (SBI)
 
1,084,623
23,471,242
Alexander & Baldwin, Inc.
 
797,690
15,722,470
Alexanders, Inc.
 
23,865
5,782,490
Alpine Income Property Trust, Inc.
 
154,240
2,679,149
American Assets Trust, Inc.
 
527,329
13,984,765
American Healthcare (REIT), Inc.
 
690,311
11,003,557
Apartment Investment & Management Co. Class A (a)
  
1,499,949
13,289,548
Apple Hospitality (REIT), Inc.
 
2,433,099
35,985,534
Armada Hoffler Properties, Inc. Class A,
 
727,622
8,644,149
Braemar Hotels & Resorts, Inc.
 
704,570
2,501,224
Brandywine Realty Trust (SBI)
 
1,845,145
9,299,531
Broadstone Net Lease, Inc.
 
2,020,017
35,168,496
BRT Apartments Corp.
 
136,105
2,550,608
CareTrust (REIT), Inc.
 
1,438,091
38,770,933
CBL & Associates Properties, Inc.
 
250,754
6,461,931
Centerspace
 
160,012
11,173,638
Chatham Lodging Trust
 
539,135
4,738,997
City Office REIT, Inc.
 
426,056
2,577,639
Clipper Realty, Inc.
 
136,843
539,161
Community Healthcare Trust, Inc.
 
293,898
6,395,220
COPT Defense Properties (SBI)
 
1,196,572
34,664,691
CTO Realty Growth, Inc.
 
253,767
5,093,104
DiamondRock Hospitality Co.
 
2,253,791
18,548,700
Diversified Healthcare Trust (SBI)
 
2,301,726
7,687,765
Douglas Emmett, Inc.
 
1,711,641
27,540,304
Easterly Government Properties, Inc.
 
1,067,572
14,871,278
Elme Communities (SBI)
 
944,204
15,541,598
Empire State Realty Trust, Inc.
 
1,432,664
15,429,791
Equity Commonwealth (a)
  
1,116,931
22,751,884
Essential Properties Realty Trust, Inc.
 
1,867,642
55,263,527
Farmland Partners, Inc.
 
483,401
5,133,719
Four Corners Property Trust, Inc.
 
989,457
26,853,863
Franklin Street Properties Corp.
 
1,038,641
1,807,235
Getty Realty Corp. (b)
  
539,428
15,977,857
Gladstone Commercial Corp.
 
445,824
6,709,651
Gladstone Land Corp.
 
375,358
5,574,066
Global Medical REIT, Inc.
 
682,898
6,521,676
Global Net Lease, Inc.
 
2,147,940
18,687,078
Hudson Pacific Properties, Inc.
 
1,443,698
8,647,751
Independence Realty Trust, Inc.
 
2,398,383
44,729,843
Industrial Logistics Properties Trust
 
692,730
3,560,632
InvenTrust Properties Corp.
 
735,029
20,705,767
JBG SMITH Properties
 
948,725
15,511,654
Kite Realty Group Trust
 
2,303,516
56,804,705
LTC Properties, Inc.
 
467,269
16,686,176
LXP Industrial Trust (REIT)
 
3,092,455
31,852,287
National Health Investors, Inc.
 
445,749
33,368,770
Net Lease Office Properties
 
156,699
4,624,187
NETSTREIT Corp. (b)
  
807,137
13,293,546
NexPoint Diversified Real Estate Trust
 
369,312
2,337,745
NexPoint Residential Trust, Inc.
 
244,942
10,701,516
One Liberty Properties, Inc.
 
189,902
5,011,514
Orion Office (REIT), Inc.
 
615,328
2,492,078
Outfront Media, Inc.
 
1,564,838
25,381,672
Paramount Group, Inc.
 
1,961,585
10,278,705
Peakstone Realty Trust
 
388,326
5,273,467
Pebblebrook Hotel Trust
 
1,267,153
17,347,325
Phillips Edison & Co., Inc.
 
1,309,530
45,964,503
Piedmont Office Realty Trust, Inc. Class A
 
1,332,369
11,524,992
Plymouth Industrial REIT, Inc.
 
449,855
10,760,532
Postal Realty Trust, Inc. Class A
 
268,873
4,022,340
PotlatchDeltic Corp.
 
842,558
37,375,873
Retail Opportunity Investments Corp.
 
1,336,310
19,977,835
RLJ Lodging Trust
 
1,643,832
15,517,774
Ryman Hospitality Properties, Inc.
 
619,171
62,232,877
Sabra Health Care REIT, Inc.
 
2,451,747
39,791,854
Safehold, Inc.
 
551,369
12,758,679
Saul Centers, Inc.
 
119,063
4,708,942
Service Properties Trust
 
1,769,189
10,031,302
SITE Centers Corp.
 
2,027,959
31,331,967
SL Green Realty Corp.
 
702,954
46,844,855
Strawberry Fields (REIT), Inc. (b)
  
63,020
722,839
Summit Hotel Properties, Inc.
 
1,152,419
7,306,336
Sunstone Hotel Investors, Inc.
 
2,186,079
22,647,778
Tanger, Inc.
 
1,130,766
32,679,137
Terreno Realty Corp.
 
1,011,294
69,182,623
The Macerich Co.
 
2,286,372
36,604,816
UMH Properties, Inc.
 
694,986
12,342,951
Uniti Group, Inc. (b)
  
2,528,155
9,708,115
Universal Health Realty Income Trust (SBI)
 
143,053
6,115,516
Urban Edge Properties
 
1,282,861
26,042,078
Veris Residential, Inc.
 
837,966
13,164,446
Whitestone REIT
 
539,671
7,447,460
Xenia Hotels & Resorts, Inc.
 
1,094,682
15,194,186
 
  
  
1,496,010,015
Real Estate Management & Development - 0.7%
  
  
  
American Realty Investments, Inc. (a)
  
14,564
307,737
Anywhere Real Estate, Inc. (a)
  
1,022,889
4,828,036
Compass, Inc. (a)(b)
  
3,832,174
16,823,244
Cushman & Wakefield PLC (a)
  
2,407,589
31,563,492
Digitalbridge Group, Inc.
 
1,671,200
23,614,056
eXp World Holdings, Inc. (b)
  
850,801
12,217,502
Forestar Group, Inc. (a)
  
200,879
6,353,803
FRP Holdings, Inc. (a)
  
138,784
4,176,011
Kennedy-Wilson Holdings, Inc.
 
1,190,184
12,389,815
Marcus & Millichap, Inc.
 
248,703
9,851,126
Maui Land & Pineapple, Inc. (a)(b)
  
80,755
1,930,852
Newmark Group, Inc. Class A
 
1,443,004
18,730,192
Offerpad Solutions, Inc. Class A (a)(b)
  
105,226
467,203
Opendoor Technologies, Inc. Class A (a)(b)
  
6,504,716
15,090,941
RE/MAX Holdings, Inc. Class A
 
184,931
1,784,584
Redfin Corp. (a)(b)
  
1,229,956
10,011,842
Star Holdings (a)
  
125,647
1,689,952
Stratus Properties, Inc. (a)
  
56,382
1,557,271
Tejon Ranch Co. (a)
  
218,571
4,152,849
The Real Brokerage, Inc. (a)(b)
  
1,004,049
5,974,092
The RMR Group, Inc. Class A
 
169,628
4,400,150
The St. Joe Co.
 
380,802
23,487,867
Transcontinental Realty Investors, Inc. (a)
  
12,379
389,196
 
  
  
211,791,813
TOTAL REAL ESTATE
  
  
1,707,801,828
UTILITIES - 2.8%
 
  
  
Electric Utilities - 0.8%
  
  
  
Allete, Inc.
 
609,578
39,317,781
Genie Energy Ltd. Class B
 
137,143
2,325,945
Hawaiian Electric Industries, Inc. (b)
  
1,164,943
19,291,456
MGE Energy, Inc. (b)
  
382,146
33,567,705
Otter Tail Corp.
 
434,414
42,103,405
PNM Resources, Inc.
 
941,796
39,159,878
Portland General Electric Co.
 
1,064,697
50,445,344
 
  
  
226,211,514
Gas Utilities - 1.0%
  
  
  
Brookfield Infrastructure Corp. A Shares (b)
  
1,261,655
49,078,380
Chesapeake Utilities Corp.
 
232,834
27,481,397
New Jersey Resources Corp.
 
1,031,351
48,215,659
Northwest Natural Holding Co.
 
399,817
15,984,684
ONE Gas, Inc.
 
591,940
41,216,782
RGC Resources, Inc.
 
88,472
1,991,505
Southwest Gas Holdings, Inc.
 
639,665
47,437,556
Spire, Inc.
 
569,461
37,920,408
 
  
  
269,326,371
Independent Power and Renewable Electricity Producers - 0.2%
  
  
  
Altus Power, Inc. Class A (a)(b)
  
796,070
3,343,494
Montauk Renewables, Inc. (a)(b)
  
695,255
4,129,815
Ormat Technologies, Inc.
 
565,422
43,899,364
Sunnova Energy International, Inc. (a)(b)
  
1,138,944
8,052,334
 
  
  
59,425,007
Multi-Utilities - 0.4%
  
  
  
Avista Corp.
 
824,453
32,302,069
Black Hills Corp.
 
720,557
42,548,891
NorthWestern Energy Corp.
 
649,032
34,898,451
Unitil Corp.
 
169,151
10,365,573
 
  
  
120,114,984
Water Utilities - 0.4%
  
  
  
American States Water Co.
 
390,362
32,216,576
Cadiz, Inc. (a)(b)
  
446,406
1,660,630
California Water Service Group
 
608,165
32,512,501
Consolidated Water Co., Inc.
 
160,349
4,659,742
Global Water Resources, Inc.
 
121,633
1,572,715
Middlesex Water Co.
 
185,793
12,351,519
Pure Cycle Corp. (a)
  
215,442
2,369,862
SJW Group
 
339,137
20,555,094
York Water Co.
 
152,027
6,280,235
 
  
  
114,178,874
TOTAL UTILITIES
  
  
789,256,750
 
TOTAL COMMON STOCKS
 (Cost $24,081,439,479)
  
  
  
28,262,667,382
 
  
  
  
U.S. Treasury Obligations - 0.0%
 
  
Principal
Amount (d)
 
Value ($)
 
U.S. Treasury Bills, yield at date of purchase 5.31% 8/22/24 (e)
 
 (Cost $12,384,016)
 
  
12,422,000
12,383,775
 
  
  
  
Money Market Funds - 9.6%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (f)
  
216,879,584
216,922,960
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g)
  
2,519,819,324
2,520,071,306
 
TOTAL MONEY MARKET FUNDS
 (Cost $2,736,976,303)
  
  
2,736,994,266
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 108.7%
 (Cost $26,830,799,798)
 
  
 
31,012,045,423
NET OTHER ASSETS (LIABILITIES) - (8.7)% (h)
(2,484,205,333)
NET ASSETS - 100.0%
28,527,840,090
 
  
 
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)
2,438
Sep 2024
277,078,700
19,524,929
19,524,929
 
  
  
  
  
  
The notional amount of futures purchased as a percentage of Net Assets is 1.0%

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 $12,383,775.
 
(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 $2,633,109 of cash collateral to cover margin requirements for futures contracts.
 
(i)
Equity security is subject to lock-up or market standoff agreement and valued at a discount to the market price of the equivalent equity security. As of period end, the total fair value of equity securities discounted due to contractual sale restrictions is $671,669 and all restrictions are set to expire on or before September 30, 2024.  Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.
 
 
 
 
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%
158,694,779
1,172,746,888
1,114,517,160
2,563,784
(1,547)
-
216,922,960
0.4%
Fidelity Securities Lending Cash Central Fund 5.39%
3,076,083,364
1,398,115,700
1,954,127,758
9,419,644
-
-
2,520,071,306
11.5%
Total
3,234,778,143
2,570,862,588
3,068,644,918
11,983,428
(1,547)
-
2,736,994,266
  
 
  
  
  
  
  
  
  
  
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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