NPORT-EX 2 vg_smallcapindex.htm
Vanguard® Small-Cap Index Fund
Schedule of Investments (unaudited)
As of September 30, 2022
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
          Shares Market
Value
($000)
Common Stocks (99.2%)
Basic Materials (3.9%)
  Steel Dynamics Inc.  4,404,514     312,500
  Reliance Steel & Aluminum Co.  1,530,846     266,995
*,1 Cleveland-Cliffs Inc. 11,820,962     159,228
  Royal Gold Inc.  1,666,640     156,364
  Alcoa Corp.  4,568,165     153,764
* RBC Bearings Inc.    734,534     152,644
  Olin Corp.  3,500,670     150,109
* Livent Corp.  4,552,266     139,527
  Ashland Inc.  1,237,076     117,485
  Valvoline Inc.  4,494,525     113,891
  Hexcel Corp.  2,135,495     110,448
  Commercial Metals Co.  3,059,525     108,552
  UFP Industries Inc. 1,486,278 107,250
  Huntsman Corp. 4,346,368 106,660
  Balchem Corp. 815,682 99,171
  Timken Co. 1,678,383 99,092
  United States Steel Corp. 5,420,102 98,212
  Chemours Co. 3,939,255 97,103
* Univar Solutions Inc. 4,234,905 96,302
  Element Solutions Inc. 5,917,311 96,275
  Cabot Corp. 1,429,429 91,326
  Mueller Industries Inc. 1,367,485 81,283
  Sensient Technologies Corp. 1,067,378 74,012
  Avient Corp. 2,309,220 69,969
* MP Materials Corp. 2,479,299 67,685
  Boise Cascade Co. 1,001,592 59,555
  NewMarket Corp. 190,663 57,357
* Ingevity Corp. 917,971 55,657
  Hecla Mining Co. 13,752,655 54,185
  Innospec Inc. 629,470 53,927
  Stepan Co. 538,065 50,401
  Quaker Chemical Corp. 341,439 49,297
* Arconic Corp. 2,607,092 44,425
  Scotts Miracle-Gro Co. 985,096 42,113
  Materion Corp. 521,233 41,699
  Minerals Technologies Inc. 827,685 40,896
  Carpenter Technology Corp. 1,225,731 38,169
  Tronox Holdings plc Class A 2,940,775 36,024
  Westlake Corp. 406,099 35,282
  Compass Minerals International Inc. 867,587 33,428
  Mativ Holdings Inc. 1,396,390 30,832

          Shares Market
Value
($000)
  Worthington Industries Inc.    754,780      28,787
  Kaiser Aluminum Corp.    404,075      24,790
* Coeur Mining Inc.  6,424,976      21,973
  GrafTech International Ltd.  4,886,346      21,060
  Schnitzer Steel Industries Inc. Class A    622,072      17,704
  Ecovyst Inc.  1,910,335      16,123
*,1 Amyris Inc.  5,292,110      15,453
  Koppers Holdings Inc.    502,117      10,434
* Century Aluminum Co.  1,271,574       6,714
* Hycroft Mining Holding Corp. Warrants Exp. 10/22/22         19          —
            4,012,132
Consumer Discretionary (14.1%)
* Liberty Media Corp.-Liberty Formula One Class C  4,977,904     291,207
* BJ's Wholesale Club Holdings Inc.  3,432,349     249,909
  Service Corp. International 3,803,536 219,616
* Deckers Outdoor Corp. 673,587 210,570
  Aramark 6,543,437 204,155
  Williams-Sonoma Inc. 1,702,466 200,636
* Five Below Inc. 1,338,375 184,254
* Floor & Decor Holdings Inc. Class A 2,557,731 179,706
  Nielsen Holdings plc 6,395,249 177,276
  Tapestry Inc. 6,123,980 174,105
  H&R Block Inc. 4,061,065 172,758
* Mattel Inc. 8,969,022 169,873
* Wynn Resorts Ltd. 2,601,145 163,950
  Churchill Downs Inc. 861,461 158,638
  Nexstar Media Group Inc. Class A 935,674 156,117
  Pool Corp. 477,470 151,936
  Lithia Motors Inc. Class A 698,858 149,940
  Texas Roadhouse Inc. Class A 1,697,367 148,112
  Murphy USA Inc. 533,522 146,671
*,1 DraftKings Inc. Class A 9,680,942 146,569
  Gentex Corp. 5,969,905 142,323
  Wyndham Hotels & Resorts Inc. 2,293,382 140,699
  Dick's Sporting Goods Inc. 1,341,525 140,377
  Polaris Inc. 1,436,490 137,400
* Capri Holdings Ltd. 3,504,256 134,704
  Newell Brands Inc. 9,451,053 131,275
  Interpublic Group of Cos. Inc. 4,964,255 127,085
* Alaska Air Group Inc. 3,219,375 126,039
* RH 501,297 123,354
* Planet Fitness Inc. Class A 2,138,980 123,334
*,1 Norwegian Cruise Line Holdings Ltd. 10,699,275 121,544
* SiteOne Landscape Supply Inc. 1,143,479 119,082
* Terminix Global Holdings Inc. 3,086,121 118,168
  TEGNA Inc. 5,664,820 117,148
  Harley-Davidson Inc. 3,339,890 116,495
  Toll Brothers Inc. 2,773,053 116,468
* AutoNation Inc. 1,137,051 115,831
  New York Times Co. Class A 3,991,542 114,757
  AMERCO 224,077 114,104
  Leggett & Platt Inc. 3,367,292 111,861
* Penn Entertainment Inc. 4,025,700 110,747
  Vail Resorts Inc. 510,985 110,189
  Marriott Vacations Worldwide Corp. 897,661 109,389
* Avis Budget Group Inc. 732,226 108,706
* Skechers USA Inc. Class A 3,423,568 108,596
  Choice Hotels International Inc. 991,366 108,574

          Shares Market
Value
($000)
* IAA Inc.  3,395,896     108,159
  Macy's Inc.  6,883,363     107,862
* Light & Wonder Inc.  2,395,002     102,698
* Crocs Inc.  1,487,012     102,098
  Tempur Sealy International Inc.  4,153,383     100,263
* American Airlines Group Inc.  8,251,969      99,354
* Lyft Inc. Class A  7,432,766      97,890
* Hyatt Hotels Corp. Class A  1,208,755      97,861
  Wingstop Inc.    759,521      95,259
  Thor Industries Inc.  1,315,334      92,047
*,1 AMC Entertainment Holdings Inc. Class A 13,122,162      91,461
  Academy Sports & Outdoors Inc.  2,160,676      91,137
  Boyd Gaming Corp.  1,898,853      90,480
  Lear Corp.    753,738      90,215
  Bath & Body Works Inc. 2,753,376 89,760
* Asbury Automotive Group Inc. 561,925 84,907
* Fox Factory Holding Corp. 1,073,075 84,859
* Bright Horizons Family Solutions Inc. 1,467,785 84,618
  Ralph Lauren Corp. Class A 980,476 83,272
*,1 GameStop Corp. Class A 3,285,979 82,577
  Kohl's Corp. 3,261,754 82,033
  Wendy's Co. 4,322,647 80,790
  World Wrestling Entertainment Inc. Class A 1,099,277 77,136
  PVH Corp. 1,700,074 76,163
* Visteon Corp. 714,022 75,729
  Foot Locker Inc. 2,399,700 74,703
*,1 Hertz Global Holdings Inc. 4,572,535 74,441
* Hilton Grand Vacations Inc. 2,241,201 73,713
* Skyline Champion Corp. 1,372,169 72,547
* Goodyear Tire & Rubber Co. 7,180,196 72,448
  Travel + Leisure Co. 2,022,075 68,993
* Topgolf Callaway Brands Corp. 3,518,444 67,765
* Grand Canyon Education Inc. 811,544 66,749
* National Vision Holdings Inc. 2,002,987 65,398
* Meritage Homes Corp. 928,442 65,242
  Penske Automotive Group Inc. 659,441 64,909
* Chegg Inc. 3,048,940 64,241
  Signet Jewelers Ltd. 1,121,940 64,164
* Taylor Morrison Home Corp. Class A 2,741,194 63,925
*,1 Wayfair Inc. Class A 1,947,108 63,378
* Duolingo Inc. Class A 660,829 62,931
  LCI Industries 613,352 62,231
  Hanesbrands Inc. 8,860,324 61,668
  Carter's Inc. 940,613 61,638
* Coty Inc. Class A 9,589,046 60,603
* YETI Holdings Inc. 2,079,008 59,293
* Helen of Troy Ltd. 608,455 58,679
* Ollie's Bargain Outlet Holdings Inc. 1,128,126 58,211
* TripAdvisor Inc. 2,580,653 56,981
  Papa John's International Inc. 807,739 56,550
* Dorman Products Inc. 678,363 55,707
* Victoria's Secret & Co. 1,898,246 55,277
* Madison Square Garden Sports Corp. 400,148 54,684
* JetBlue Airways Corp. 8,220,689 54,503
  Group 1 Automotive Inc. 380,887 54,417
  Gap Inc. 6,540,704 53,699
  Rush Enterprises Inc. Class A 1,222,103 53,601
  Cracker Barrel Old Country Store Inc. 578,698 53,576

          Shares Market
Value
($000)
  Columbia Sportswear Co.    788,099      53,039
  Spirit Airlines Inc.  2,764,296      52,024
  KB Home  1,991,453      51,618
* Peloton Interactive Inc. Class A  7,411,208      51,360
*,1 Leslie's Inc.  3,485,344      51,269
  Graham Holdings Co. Class B     93,499      50,301
*,1 Carvana Co. Class A  2,419,759      49,121
*,1 QuantumScape Corp. Class A  5,772,323      48,545
  Steven Madden Ltd.  1,805,231      48,146
* elf Beauty Inc.  1,263,408      47,529
1 Nordstrom Inc.  2,838,383      47,486
  Kontoor Brands Inc.  1,406,275      47,265
* SeaWorld Entertainment Inc.  1,029,987      46,875
* Sonos Inc.  3,230,926      44,910
* Stride Inc. 1,030,570 43,315
  Red Rock Resorts Inc. Class A 1,261,369 43,215
* Sabre Corp. 8,328,510 42,892
* Shake Shack Inc. Class A 946,817 42,588
* Frontdoor Inc. 2,069,231 42,192
* Driven Brands Holdings Inc. 1,506,453 42,151
* Gentherm Inc. 842,043 41,875
  Bloomin' Brands Inc. 2,268,212 41,576
* LGI Homes Inc. 502,313 40,873
  John Wiley & Sons Inc. Class A 1,066,482 40,057
* Adtalem Global Education Inc. 1,090,112 39,735
  MDC Holdings Inc. 1,445,404 39,633
  Jack in the Box Inc. 534,605 39,598
* Tri Pointe Homes Inc. 2,580,454 38,991
*,1 Luminar Technologies Inc. Class A 5,297,511 38,592
  American Eagle Outfitters Inc. 3,866,836 37,624
  Dana Inc. 3,275,807 37,442
*,1 iRobot Corp. 656,727 36,993
* ODP Corp. 1,049,609 36,894
  Cheesecake Factory Inc. 1,259,912 36,890
* Tenneco Inc. Class A 2,116,885 36,813
*,1 Sweetgreen Inc. Class A 1,963,499 36,325
  PriceSmart Inc. 628,176 36,177
  Monro Inc. 816,644 35,491
  Acushnet Holdings Corp. 813,077 35,361
  Strategic Education Inc. 563,034 34,576
  Oxford Industries Inc. 384,451 34,516
* Sally Beauty Holdings Inc. 2,714,877 34,207
* Central Garden & Pet Co. Class A 998,991 34,126
* PowerSchool Holdings Inc. Class A 2,014,000 33,614
  Inter Parfums Inc. 444,619 33,551
* Cinemark Holdings Inc. 2,753,136 33,340
* KAR Auction Services Inc. 2,940,876 32,850
* Dave & Buster's Entertainment Inc. 1,056,187 32,773
  Levi Strauss & Co. Class A 2,261,144 32,719
* Six Flags Entertainment Corp. 1,793,552 31,746
* Under Armour Inc. Class A 4,759,789 31,653
  Laureate Education Inc. Class A 2,926,537 30,875
  Wolverine World Wide Inc. 1,999,162 30,767
* Madison Square Garden Entertainment Corp. 694,393 30,616
* Liberty Media Corp.-Liberty Formula One Class A 580,549 30,490
*,1 Fisker Inc. Class A 4,014,764 30,311
* Under Armour Inc. Class C 5,041,950 30,050
  MillerKnoll Inc. 1,925,873 30,044

          Shares Market
Value
($000)
* Urban Outfitters Inc.  1,521,636      29,900
* Allegiant Travel Co.    392,310      28,631
* Knowles Corp.  2,329,703      28,352
* Overstock.com Inc.  1,160,366      28,255
1 Dillard's Inc. Class A    103,119      28,127
* Coursera Inc.  2,592,016      27,942
* Brinker International Inc.  1,111,974      27,777
*,1 Dutch Bros Inc. Class A    853,096      26,574
  HNI Corp.    997,127      26,434
* Figs Inc. Class A  3,024,242      24,950
  La-Z-Boy Inc.  1,091,953      24,645
  Buckle Inc.    764,102      24,191
1 Camping World Holdings Inc. Class A    955,085      24,183
  Dine Brands Global Inc.    378,259      24,042
  Sturm Ruger & Co. Inc. 448,021 22,755
*,1 Petco Health & Wellness Co. Inc. Class A 2,028,376 22,637
*,1 Revolve Group Inc. Class A 1,033,761 22,422
  Rent-A-Center Inc. 1,276,065 22,344
* Boot Barn Holdings Inc. 378,425 22,123
* Cavco Industries Inc. 107,293 22,077
  Designer Brands Inc. Class A 1,431,111 21,910
* ACV Auctions Inc. Class A 2,923,437 21,020
  Sonic Automotive Inc. Class A 484,143 20,963
* SkyWest Inc. 1,284,146 20,880
* Lions Gate Entertainment Corp. Class B 2,959,445 20,568
* iHeartMedia Inc. Class A 2,781,804 20,391
1 Krispy Kreme Inc. 1,697,892 19,577
* PROG Holdings Inc. 1,281,365 19,195
  Sinclair Broadcast Group Inc. Class A 1,053,134 19,051
* Abercrombie & Fitch Co. Class A 1,216,933 18,923
* American Axle & Manufacturing Holdings Inc. 2,761,035 18,858
* Cars.com Inc. 1,637,342 18,829
* Sleep Number Corp. 529,841 17,914
  Scholastic Corp. 577,850 17,775
* Vista Outdoor Inc. 717,745 17,456
* EW Scripps Co. Class A 1,541,097 17,368
* Udemy Inc. 1,428,621 17,272
  Qurate Retail Inc. Class A 8,528,233 17,142
*,1 Mister Car Wash Inc. 1,929,363 16,554
  Matthews International Corp. Class A 738,481 16,549
* Hawaiian Holdings Inc. 1,237,940 16,279
* GoPro Inc. Class A 3,287,579 16,208
* G-III Apparel Group Ltd. 1,043,318 15,598
*,1 SES AI Corp. 3,096,100 15,109
  Steelcase Inc. Class A 2,226,575 14,517
* AMC Networks Inc. Class A 678,137 13,766
*,1 Portillo's Inc. Class A 695,207 13,689
* BJ's Restaurants Inc. 565,338 13,483
  Interface Inc. Class A 1,488,011 13,377
* Clear Channel Outdoor Holdings Inc. 9,069,663 12,425
1 Guess? Inc. 832,645 12,215
*,1 Bowlero Corp. 989,403 12,180
* Life Time Group Holdings Inc. 1,233,105 12,023
* Poshmark Inc. Class A 752,865 11,797
*,1 Bed Bath & Beyond Inc. 1,929,089 11,748
* 2U Inc. 1,870,840 11,693
* Sun Country Airlines Holdings Inc. 811,177 11,040
*,1 Corsair Gaming Inc. 971,244 11,024

          Shares Market
Value
($000)
* Lions Gate Entertainment Corp. Class A  1,471,491      10,933
  Big Lots Inc.    696,418      10,871
  Caleres Inc.    443,101      10,732
*,1 Vizio Holding Corp. Class A  1,183,867      10,347
* Integral Ad Science Holding Corp.  1,385,418      10,030
*,1 Canoo Inc.  4,860,584       9,114
* Zumiez Inc.    396,276       8,532
*,1 ContextLogic Inc. Class A 11,597,281       8,511
* Central Garden & Pet Co.    230,627       8,312
*,1 Frontier Group Holdings Inc.    825,548       8,008
* Vacasa Inc. Class A  2,595,021       7,967
* Cardlytics Inc.    792,675       7,451
*,1 Allbirds Inc. Class A  2,431,684       7,392
* Stitch Fix Inc. Class A  1,786,477       7,057
* Sciplay Corp. Class A 570,088 6,704
* Genesco Inc. 164,929 6,485
  Smith & Wesson Brands Inc. 580,925 6,024
  Global Industrial Co. 215,138 5,772
*,1 Cricut Inc. Class A 622,799 5,767
*,1 Dream Finders Homes Inc. Class A 536,594 5,688
* Rush Street Interactive Inc. 1,464,644 5,390
* Angi Inc. Class A 1,754,596 5,176
* Children's Place Inc. 158,888 4,908
* Arhaus Inc. Class A 538,013 3,793
* Latham Group Inc. 1,042,297 3,742
  Aaron's Co. Inc. 367,352 3,571
1 Weber Inc. Class A 539,671 3,546
  Rush Enterprises Inc. Class B 62,469 2,993
* WW International Inc. 669,920 2,633
* Brilliant Earth Group Inc. Class A 277,113 1,588
*,1 Traeger Inc. 374,995 1,057
*,1 Solo Brands Inc. Class A 241,537 918
            14,741,084
Consumer Staples (3.3%)
  Bunge Ltd. 3,856,973 318,470
* Darling Ingredients Inc. 4,071,786 269,349
  Casey's General Stores Inc. 945,776 191,539
* Performance Food Group Co. 3,942,481 169,330
  Lamb Weston Holdings Inc. 1,824,828 141,205
* US Foods Holding Corp. 5,130,436 135,649
  Ingredion Inc. 1,580,299 127,246
  Flowers Foods Inc. 4,571,441 112,869
* Post Holdings Inc. 1,365,434 111,843
  Molson Coors Beverage Co. Class B 2,289,070 109,852
* Celsius Holdings Inc. 1,056,266 95,782
* Hostess Brands Inc. Class A 3,465,890 80,547
* Sprouts Farmers Market Inc. 2,728,776 75,724
* Boston Beer Co. Inc. Class A 233,612 75,608
* Grocery Outlet Holding Corp. 2,214,606 73,724
  Lancaster Colony Corp. 489,095 73,501
* Simply Good Foods Co. 2,166,182 69,296
* BellRing Brands Inc. 3,285,367 67,711
  WD-40 Co. 345,987 60,804
* TreeHouse Foods Inc. 1,422,901 60,359
* Freshpet Inc. 1,153,486 57,778
  Cal-Maine Foods Inc. 1,008,869 56,083
* Herbalife Nutrition Ltd. 2,739,344 54,486
* United Natural Foods Inc. 1,480,223 50,875

          Shares Market
Value
($000)
  Edgewell Personal Care Co.  1,316,120      49,223
  Coca-Cola Consolidated Inc.    116,881      48,123
  Energizer Holdings Inc.  1,809,343      45,487
  Nu Skin Enterprises Inc. Class A  1,215,577      40,564
  Spectrum Brands Holdings Inc.  1,035,372      40,411
* Hain Celestial Group Inc.  2,267,564      38,276
  J & J Snack Foods Corp.    292,347      37,850
  Reynolds Consumer Products Inc.  1,330,957      34,618
* Beauty Health Co.  2,682,496      31,627
  Medifast Inc.    279,805      30,320
1 B&G Foods Inc.  1,819,936      30,011
  Vector Group Ltd.  3,345,374      29,473
  Weis Markets Inc.    409,219      29,153
* Pilgrim's Pride Corp.  1,213,826      27,942
  Universal Corp. 594,128 27,354
  Utz Brands Inc. 1,741,347 26,294
  Andersons Inc. 773,274 23,995
  National Beverage Corp. 593,496 22,873
  Fresh Del Monte Produce Inc. 973,425 22,622
*,1 Beyond Meat Inc. 1,453,598 20,597
  Seaboard Corp. 5,901 20,079
* USANA Health Sciences Inc. 292,001 16,367
* Duckhorn Portfolio Inc. 1,026,093 14,806
* Sovos Brands Inc. 899,099 12,803
  Tootsie Roll Industries Inc. 357,725 11,905
  ACCO Brands Corp. 2,273,606 11,141
*,1 BRC Inc. Class A 1,003,315 7,756
* Vital Farms Inc. 310,195 3,713
*,1 Rite Aid Corp. 671,523 3,324
*,1,2 Fresh Market Inc. 714,294
            3,398,337
Energy (6.0%)
  Targa Resources Corp. 5,752,211 347,088
* First Solar Inc. 2,435,783 322,181
  Ovintiv Inc. 6,456,423 296,995
  APA Corp. 8,290,417 283,449
  Texas Pacific Land Corp. 156,855 278,767
  Chesapeake Energy Corp. 2,914,389 274,565
* Antero Resources Corp. 6,995,181 213,563
  HF Sinclair Corp. 3,854,198 207,510
  Marathon Oil Corp. 8,601,162 194,214
* Southwestern Energy Co. 28,292,378 173,149
  EQT Corp. 4,220,854 172,000
  NOV Inc. 9,973,779 161,376
  Range Resources Corp. 6,340,683 160,166
  PDC Energy Inc. 2,445,070 141,301
  Matador Resources Co. 2,849,039 139,375
  Chord Energy Corp. 999,859 136,751
  Murphy Oil Corp. 3,749,556 131,872
  DT Midstream Inc. 2,456,082 127,446
  SM Energy Co. 3,112,727 117,070
* Denbury Inc. 1,199,333 103,454
  ChampionX Corp. 5,153,045 100,845
* PBF Energy Inc. Class A 2,761,238 97,085
*,1 ChargePoint Holdings Inc. 6,416,547 94,708
  Helmerich & Payne Inc. 2,406,120 88,954
  Magnolia Oil & Gas Corp. Class A 4,315,515 85,490
  Equitrans Midstream Corp. 10,989,554 82,202

          Shares Market
Value
($000)
  Civitas Resources Inc.  1,295,416      74,344
  California Resources Corp.  1,913,699      73,543
* Peabody Energy Corp.  2,922,906      72,547
  Antero Midstream Corp.  7,896,031      72,486
* CNX Resources Corp.  4,570,706      70,983
  Arcosa Inc.  1,228,138      70,225
  Patterson-UTI Energy Inc.  5,505,439      64,304
* Array Technologies Inc.  3,625,940      60,118
  Cactus Inc. Class A  1,539,347      59,157
  New Fortress Energy Inc. Class A  1,317,446      57,586
1 Arch Resources Inc.    471,210      55,886
* Callon Petroleum Co.  1,567,583      54,881
* Ameresco Inc. Class A    816,141      54,257
  Alpha Metallurgical Resources Inc.    374,206      51,206
* Liberty Energy Inc. Class A 4,033,851 51,149
*,1 SunPower Corp. 2,210,041 50,919
* Stem Inc. 3,720,128 49,627
  Delek US Holdings Inc. 1,802,645 48,924
  Enviva Inc. 761,741 45,750
* Comstock Resources Inc. 2,370,100 40,979
* Transocean Ltd. 16,128,770 39,838
* NexTier Oilfield Solutions Inc. 5,277,067 39,050
  Warrior Met Coal Inc. 1,311,167 37,290
  World Fuel Services Corp. 1,493,487 35,007
* Shoals Technologies Group Inc. Class A 1,574,683 33,934
*,1 FuelCell Energy Inc. 9,326,100 31,802
* NOW Inc. 2,814,803 28,289
  Archrock Inc. 3,953,072 25,379
  CVR Energy Inc. 764,693 22,161
* Oceaneering International Inc. 2,541,528 20,231
* ProPetro Holding Corp. 2,247,749 18,094
* Permian Resources Corp. Class A 2,537,202 17,253
* Dril-Quip Inc. 872,402 17,029
  Core Laboratories NV 1,175,424 15,845
* Tellurian Inc. 6,502,117 15,540
  RPC Inc. 2,201,695 15,258
* MRC Global Inc. 2,011,718 14,464
*,1 EVgo Inc. 1,758,061 13,906
1 Kinetik Holdings Inc. Class A 412,215 13,430
*,1 Fluence Energy Inc. Class A 870,658 12,703
1 Crescent Energy Co. Class A 901,822 12,148
* ProFrac Holding Corp. Class A 472,867 7,192
* Helix Energy Solutions Group Inc. 1,839,803 7,102
*,1 OPAL Fuels Inc. 96,234 797
* Denbury Inc. Warrants Exp. 9/18/23 2
            6,204,189
Financials (15.1%)
  First Horizon Corp. 13,624,189 311,994
  First Citizens BancShares Inc. Class A 304,629 242,920
  Signature Bank 1,597,752 241,261
  East West Bancorp Inc. 3,577,866 240,218
  Comerica Inc. 3,321,496 236,158
  American Financial Group Inc. 1,837,905 225,934
  Reinsurance Group of America Inc. 1,701,291 214,039
  LPL Financial Holdings Inc. 960,552 209,861
  Webster Financial Corp. 4,464,303 201,787
  Assurant Inc. 1,351,240 196,295
  Zions Bancorp NA 3,820,474 194,309

          Shares Market
Value
($000)
  Cullen/Frost Bankers Inc.  1,465,371     193,751
  Commerce Bancshares Inc.  2,739,796     181,265
  Brown & Brown Inc.  2,864,255     173,230
  Western Alliance Bancorp  2,612,028     171,715
  Unum Group  4,316,079     167,464
  Carlyle Group Inc.  6,422,059     165,946
  Invesco Ltd. 11,550,806     158,246
  RenaissanceRe Holdings Ltd.  1,109,618     155,779
  SouthState Corp.  1,921,061     151,994
  SEI Investments Co.  3,095,945     151,856
  Voya Financial Inc.  2,486,018     150,404
  Pinnacle Financial Partners Inc.  1,843,198     149,483
  Old Republic International Corp.  7,059,182     147,749
  Prosperity Bancshares Inc.  2,200,200     146,709
*,1 Robinhood Markets Inc. Class A 14,326,258 144,695
  First Financial Bankshares Inc. 3,438,357 143,826
  Erie Indemnity Co. Class A 644,950 143,379
  Kinsale Capital Group Inc. 552,406 141,096
  Glacier Bancorp Inc. 2,812,344 138,170
  Morningstar Inc. 647,224 137,419
  Popular Inc. 1,904,414 137,232
* Alleghany Corp. 162,200 136,146
  Starwood Property Trust Inc. 7,459,051 135,904
  Stifel Financial Corp. 2,560,207 132,900
  Synovus Financial Corp. 3,506,334 131,523
  Wintrust Financial Corp. 1,542,090 125,757
  Selective Insurance Group Inc. 1,531,781 124,687
  Old National Bancorp 7,436,217 122,475
  United Bankshares Inc. 3,417,101 122,161
  Jefferies Financial Group Inc. 4,131,007 121,865
  Valley National Bancorp 10,927,589 118,018
  Cadence Bank 4,632,187 117,704
  Primerica Inc. 950,855 117,383
  First American Financial Corp. 2,512,276 115,816
  Bank OZK 2,853,480 112,884
  RLI Corp. 1,094,368 112,041
  AGNC Investment Corp. 13,272,428 111,754
  Home BancShares Inc. 4,946,247 111,340
  Globe Life Inc. 1,113,192 110,985
  Affiliated Managers Group Inc. 970,526 108,553
  Hanover Insurance Group Inc. 814,302 104,345
  FNB Corp. 8,904,744 103,295
  ServisFirst Bancshares Inc. 1,241,083 99,287
  MGIC Investment Corp. 7,704,885 98,777
  Blue Owl Capital Inc. Class A 10,678,091 98,559
  New York Community Bancorp Inc. 11,244,257 95,914
  Blackstone Mortgage Trust Inc. Class A 4,107,878 95,878
  Axis Capital Holdings Ltd. 1,934,404 95,076
  Houlihan Lokey Inc. Class A 1,260,970 95,052
  Hancock Whitney Corp. 2,067,596 94,717
  Umpqua Holdings Corp. 5,511,243 94,187
  First Interstate BancSystem Inc. Class A 2,305,251 93,017
*,1 SoFi Technologies Inc. 18,737,337 91,438
  Essent Group Ltd. 2,597,888 90,588
  SLM Corp. 6,381,858 89,282
  Rithm Capital Corp. 11,853,997 86,771
1 Lazard Ltd. Class A 2,720,076 86,580
* Ryan Specialty Holdings Inc. Class A 2,127,630 86,424

          Shares Market
Value
($000)
  Lincoln National Corp.  1,944,877      85,400
  CVB Financial Corp.  3,371,956      85,378
  United Community Banks Inc.  2,558,156      84,675
  OneMain Holdings Inc.  2,825,759      83,416
  UMB Financial Corp.    981,204      82,706
  Independent Bank Corp. (Massachusetts)  1,107,131      82,515
  Community Bank System Inc.  1,364,471      81,977
1 White Mountains Insurance Group Ltd.     62,049      80,851
  Eastern Bankshares Inc.  4,075,407      80,041
  First Hawaiian Inc.  3,242,481      79,862
* Brighthouse Financial Inc.  1,823,309      79,168
  Radian Group Inc.  4,103,729      79,161
  Bank of Hawaii Corp.  1,020,415      77,674
  WSFS Financial Corp.  1,612,692      74,926
  Ameris Bancorp 1,673,098 74,804
* Texas Capital Bancshares Inc. 1,266,639 74,770
  Pacific Premier Bancorp Inc. 2,411,242 74,652
  Associated Banc-Corp 3,625,562 72,801
  Assured Guaranty Ltd. 1,493,962 72,382
*,1 Credit Acceptance Corp. 163,998 71,831
  Federated Hermes Inc. Class B 2,149,945 71,206
  FirstCash Holdings Inc. 955,103 70,057
  Cathay General Bancorp 1,796,379 69,089
  Janus Henderson Group plc 3,364,756 68,338
  BankUnited Inc. 1,978,786 67,615
  PacWest Bancorp 2,990,432 67,584
  Simmons First National Corp. Class A 3,095,279 67,446
  Fulton Financial Corp. 4,249,878 67,148
  Kemper Corp. 1,621,258 66,893
  Walker & Dunlop Inc. 796,823 66,718
  American Equity Investment Life Holding Co. 1,779,946 66,374
* Mr Cooper Group Inc. 1,637,597 66,323
  Evercore Inc. Class A 794,975 65,387
  First Bancorp 4,772,728 65,291
  BOK Financial Corp. 688,713 61,199
  International Bancshares Corp. 1,422,549 60,458
  First Merchants Corp. 1,510,668 58,433
  Columbia Banking System Inc. 1,996,995 57,693
  Atlantic Union Bankshares Corp. 1,897,013 57,631
* Silvergate Capital Corp. Class A 763,602 57,537
* Trupanion Inc. 931,088 55,335
  Moelis & Co. Class A 1,626,831 55,003
  Independent Bank Group Inc. 888,611 54,552
  Jackson Financial Inc. Class A 1,939,111 53,810
  CNO Financial Group Inc. 2,904,720 52,198
  Virtu Financial Inc. Class A 2,485,506 51,624
  Banner Corp. 868,205 51,294
  Washington Federal Inc. 1,658,810 49,731
  First Financial Bancorp 2,287,407 48,219
  WesBanco Inc. 1,440,143 48,058
  Hamilton Lane Inc. Class A 804,772 47,972
  Arbor Realty Trust Inc. 4,108,752 47,251
  Towne Bank 1,754,402 47,071
* Axos Financial Inc. 1,363,635 46,677
  Park National Corp. 371,350 46,226
* Genworth Financial Inc. Class A 12,788,938 44,761
* Enstar Group Ltd. 263,775 44,734
  Piper Sandler Cos. 420,591 44,053

          Shares Market
Value
($000)
  Artisan Partners Asset Management Inc. Class A  1,626,131      43,792
  Flagstar Bancorp Inc.  1,285,515      42,936
  Trustmark Corp.  1,398,783      42,845
  TPG Inc. Class A  1,532,758      42,672
  Renasant Corp.  1,349,017      42,197
  Northwest Bancshares Inc.  3,059,950      41,340
  BancFirst Corp.    457,837      40,963
* Cannae Holdings Inc.  1,933,168      39,939
  Navient Corp.  2,700,453      39,670
* Focus Financial Partners Inc. Class A  1,246,307      39,271
  NBT Bancorp Inc.  1,033,292      39,213
  Cohen & Steers Inc.    618,123      38,713
* BRP Group Inc. Class A  1,452,037      38,261
  PJT Partners Inc. Class A    553,616      36,993
  Horace Mann Educators Corp. 1,038,417 36,646
  Eagle Bancorp Inc. 813,995 36,483
  Hope Bancorp Inc. 2,882,526 36,435
1 Claros Mortgage Trust Inc. 3,012,810 35,370
*,1 Upstart Holdings Inc. 1,652,214 34,350
  Westamerica Bancorp 648,915 33,932
  Provident Financial Services Inc. 1,720,482 33,549
  StepStone Group Inc. Class A 1,323,965 32,450
  City Holding Co. 358,458 31,792
* PRA Group Inc. 940,412 30,902
  Chimera Investment Corp. 5,885,395 30,722
  OFG Bancorp 1,207,552 30,346
*,1 Marathon Digital Holdings Inc. 2,818,230 30,183
  Berkshire Hills Bancorp Inc. 1,100,677 30,049
  Apollo Commercial Real Estate Finance Inc. 3,566,105 29,599
  Two Harbors Investment Corp. 8,740,631 29,019
  Safety Insurance Group Inc. 355,468 28,992
  First Commonwealth Financial Corp. 2,252,924 28,928
  PennyMac Financial Services Inc. 666,170 28,579
1 Hilltop Holdings Inc. 1,147,768 28,522
  National Bank Holdings Corp. Class A 763,913 28,257
  Virtus Investment Partners Inc. 175,534 28,001
1 Compass Diversified Holdings 1,548,176 27,960
  Capitol Federal Financial Inc. 3,344,503 27,759
  S&T Bancorp Inc. 943,233 27,646
* LendingClub Corp. 2,500,077 27,626
*,1 Riot Blockchain Inc. 3,924,873 27,513
  PennyMac Mortgage Investment Trust 2,300,148 27,096
  ProAssurance Corp. 1,371,845 26,765
* Encore Capital Group Inc. 575,989 26,196
  BGC Partners Inc. Class A 8,313,555 26,105
  Ladder Capital Corp. Class A 2,894,780 25,937
* Palomar Holdings Inc. 304,624 25,503
*,1 Lemonade Inc. 1,137,411 24,090
1 Franklin BSP Realty Trust Inc. 2,127,141 22,909
  Employers Holdings Inc. 658,715 22,719
* Blucora Inc. 1,152,594 22,291
  Brookline Bancorp Inc. 1,850,066 21,553
  Tompkins Financial Corp. 294,635 21,396
* Columbia Financial Inc. 982,322 20,756
  MFA Financial Inc. 2,585,204 20,113
  Mercury General Corp. 703,947 20,006
  KKR Real Estate Finance Trust Inc. 1,231,158 20,006
  Heartland Financial USA Inc. 457,751 19,848

          Shares Market
Value
($000)
* Open Lending Corp. Class A  2,403,343      19,323
  iStar Inc.  2,059,566      19,072
  Nelnet Inc. Class A    235,820      18,675
  TFS Financial Corp.  1,424,362      18,517
  Enact Holdings Inc.    825,735      18,307
  United Fire Group Inc.    609,143      17,501
  Kearny Financial Corp.  1,611,395      17,113
  Redwood Trust Inc.  2,965,823      17,024
  Goosehead Insurance Inc. Class A    469,449      16,731
  Broadmark Realty Capital Inc.  3,199,492      16,349
* Triumph Bancorp Inc.    295,074      16,037
  Northfield Bancorp Inc.  1,107,172      15,844
* Oscar Health Inc. Class A  3,153,379      15,735
  Argo Group International Holdings Ltd.    800,170      15,411
  WisdomTree Investments Inc. 3,156,267 14,771
* Ambac Financial Group Inc. 1,140,195 14,538
  BrightSpire Capital Inc. Class A 2,294,596 14,479
1 ARMOUR Residential REIT Inc. 2,912,531 14,184
  Central Pacific Financial Corp. 659,303 13,641
  Live Oak Bancshares Inc. 417,269 12,768
* SiriusPoint Ltd. 2,264,330 11,208
  TPG RE Finance Trust Inc. 1,573,431 11,014
  P10 Inc. Class A 981,711 10,328
* AssetMark Financial Holdings Inc. 560,724 10,256
* Clearwater Analytics Holdings Inc. Class A 586,145 9,841
1 Invesco Mortgage Capital Inc. 838,731 9,310
1 GCM Grosvenor Inc. Class A 1,068,256 8,429
  National Western Life Group Inc. Class A 47,930 8,186
* World Acceptance Corp. 80,021 7,748
  Victory Capital Holdings Inc. Class A 304,172 7,090
* LendingTree Inc. 276,372 6,594
1 UWM Holdings Corp. Class A 2,103,690 6,164
*,1 Hagerty Inc. Class A 523,794 4,709
  Granite Point Mortgage Trust Inc. 667,265 4,297
*,1 Bakkt Holdings Inc. 1,466,251 3,343
  Associated Capital Group Inc. Class A 41,660 1,531
  loanDepot Inc. Class A 1,039,750 1,372
  Goldman Sachs Group Inc. 1
* Endocan Corp. 234
            15,762,390
Health Care (12.3%)
  Bio-Techne Corp. 995,613 282,754
* Repligen Corp. 1,408,908 263,621
* Neurocrine Biosciences Inc. 2,428,057 257,884
* Molina Healthcare Inc. 736,424 242,902
* United Therapeutics Corp. 1,155,568 241,953
* Shockwave Medical Inc. 866,596 240,974
* Sarepta Therapeutics Inc. 2,112,001 233,461
* Jazz Pharmaceuticals plc 1,511,806 201,509
* Acadia Healthcare Co. Inc. 2,306,454 180,319
* Penumbra Inc. 913,877 173,271
* Novocure Ltd. 2,260,387 171,744
* Masimo Corp. 1,200,315 169,436
  Chemed Corp. 378,406 165,197
* Apellis Pharmaceuticals Inc. 2,370,979 161,938
* Karuna Therapeutics Inc. 679,214 152,776
  Organon & Co. 6,457,424 151,104
* HealthEquity Inc. 2,142,073 143,883

          Shares Market
Value
($000)
* Ionis Pharmaceuticals Inc.  3,243,465     143,458
* Tenet Healthcare Corp.  2,739,598     141,308
  Bruker Corp.  2,632,753     139,694
* Halozyme Therapeutics Inc.  3,497,676     138,298
* Envista Holdings Corp.  4,148,429     136,110
* Guardant Health Inc.  2,465,670     132,727
* Inspire Medical Systems Inc.    730,838     129,629
* Exelixis Inc.  8,170,338     128,111
* Charles River Laboratories International Inc.    645,724     127,078
* Option Care Health Inc.  3,925,062     123,522
* Syneos Health Inc.  2,606,286     122,886
* LHC Group Inc.    748,354     122,476
  Perrigo Co. plc  3,417,859     121,881
* Global Blood Therapeutics Inc.  1,712,895     116,648
* Lantheus Holdings Inc. 1,658,100 116,614
* Globus Medical Inc. Class A 1,955,905 116,513
  Encompass Health Corp. 2,533,290 114,581
* Cytokinetics Inc. 2,270,999 110,030
  Ensign Group Inc. 1,333,583 106,020
* Intra-Cellular Therapies Inc. 2,157,164 100,373
* Blueprint Medicines Corp. 1,516,169 99,900
* Medpace Holdings Inc. 629,597 98,954
* Omnicell Inc. 1,124,501 97,865
* Intellia Therapeutics Inc. 1,736,893 97,197
* Natera Inc. 2,215,438 97,080
  Premier Inc. Class A 2,847,774 96,653
* Haemonetics Corp. 1,302,939 96,457
* Teladoc Health Inc. 3,696,817 93,714
* Alkermes plc 4,169,829 93,112
* PTC Therapeutics Inc. 1,816,151 91,171
* iRhythm Technologies Inc. 724,230 90,732
* Mirati Therapeutics Inc. 1,270,643 88,742
* ICU Medical Inc. 576,453 86,814
* STAAR Surgical Co. 1,219,660 86,047
* QuidelOrtho Corp. 1,189,982 85,060
* Arrowhead Pharmaceuticals Inc. 2,552,784 84,370
* ChemoCentryx Inc. 1,630,424 84,228
* Merit Medical Systems Inc. 1,441,299 81,448
*,1 Beam Therapeutics Inc. 1,697,247 80,857
* Amedisys Inc. 823,707 79,727
* Inari Medical Inc. 1,084,420 78,772
*,1 Ginkgo Bioworks Holdings Inc. 25,126,293 78,394
* Tandem Diabetes Care Inc. 1,630,607 78,025
  DENTSPLY SIRONA Inc. 2,739,171 77,656
* 1Life Healthcare Inc. 4,476,615 76,774
* Neogen Corp. 5,487,065 76,654
* Integra LifeSciences Holdings Corp. 1,802,124 76,338
* Evolent Health Inc. Class A 2,094,770 75,265
* Oak Street Health Inc. 3,068,228 75,233
* Axonics Inc. 1,061,146 74,747
* Amicus Therapeutics Inc. 7,121,066 74,344
* Exact Sciences Corp. 2,249,599 73,089
* Maravai LifeSciences Holdings Inc. Class A 2,838,856 72,476
*,1 Doximity Inc. Class A 2,384,517 72,060
* Elanco Animal Health Inc. 5,726,232 71,063
  Universal Health Services Inc. Class B 793,783 69,996
* Ultragenyx Pharmaceutical Inc. 1,689,176 69,949
* R1 RCM Inc. 3,697,342 68,512

          Shares Market
Value
($000)
* Denali Therapeutics Inc.  2,191,917      67,270
* Insmed Inc.  3,045,756      65,606
* 10X Genomics Inc. Class A  2,292,769      65,298
* Progyny Inc.  1,753,509      64,985
* Prestige Consumer Healthcare Inc.  1,263,416      62,956
  CONMED Corp.    773,567      62,017
* Glaukos Corp.  1,147,662      61,102
* agilon health Inc.  2,607,792      61,074
* Corcept Therapeutics Inc.  2,311,715      59,272
* Pacira BioSciences Inc.  1,104,642      58,756
* NuVasive Inc.  1,321,890      57,912
  Select Medical Holdings Corp.  2,557,582      56,523
* Enovis Corp.  1,168,153      53,817
  Patterson Cos. Inc.  2,224,204      53,425
* Integer Holdings Corp. 841,008 52,336
* Signify Health Inc. Class A 1,795,393 52,336
* Relay Therapeutics Inc. 2,313,245 51,747
* ACADIA Pharmaceuticals Inc. 3,081,668 50,416
* Sage Therapeutics Inc. 1,283,537 50,263
* Vir Biotechnology Inc. 2,526,565 48,712
* Arvinas Inc. 1,080,756 48,083
* Fate Therapeutics Inc. 2,092,625 46,896
* Twist Bioscience Corp. 1,287,833 45,383
* Cerevel Therapeutics Holdings Inc. 1,580,547 44,666
  Owens & Minor Inc. 1,839,097 44,322
* AtriCure Inc. 1,118,991 43,753
* Supernus Pharmaceuticals Inc. 1,291,677 43,723
* Privia Health Group Inc. 1,272,000 43,324
  Embecta Corp. 1,468,509 42,278
* Certara Inc. 3,044,990 40,437
* Nevro Corp. 853,561 39,776
* Xencor Inc. 1,517,482 39,424
* Agios Pharmaceuticals Inc. 1,391,703 39,357
* Apollo Medical Holdings Inc. 1,004,596 39,179
* Silk Road Medical Inc. 850,101 38,255
* REVOLUTION Medicines Inc. 1,894,968 37,369
* Myriad Genetics Inc. 1,944,446 37,100
* Axsome Therapeutics Inc. 819,040 36,546
* Iovance Biotherapeutics Inc. 3,806,060 36,462
*,1 Novavax Inc. 1,985,844 36,142
* Ligand Pharmaceuticals Inc. 406,979 35,045
* Meridian Bioscience Inc. 1,110,692 35,020
* Ironwood Pharmaceuticals Inc. Class A 3,304,984 34,240
*,1 Verve Therapeutics Inc. 989,417 33,986
* CorVel Corp. 243,072 33,648
* Pediatrix Medical Group Inc. 2,034,495 33,590
* Cano Health Inc. 3,826,913 33,179
*,1 PROCEPT BioRobotics Corp. 792,655 32,863
* AdaptHealth Corp. Class A 1,707,479 32,066
*,1 EQRx Inc. 6,267,122 31,022
* Cytek Biosciences Inc. 2,051,219 30,194
* Veracyte Inc. 1,816,890 30,160
* Harmony Biosciences Holdings Inc. 675,855 29,934
* Pacific Biosciences of California Inc. 5,137,422 29,823
* BioCryst Pharmaceuticals Inc. 2,364,067 29,787
*,1 Amylyx Pharmaceuticals Inc. 1,041,477 29,318
* Vaxcyte Inc. 1,204,686 28,912
* FibroGen Inc. 2,140,416 27,847

          Shares Market
Value
($000)
*,1 Warby Parker Inc. Class A  2,063,955      27,533
* Bridgebio Pharma Inc.  2,633,877      26,181
* NeoGenomics Inc.  3,034,546      26,127
* REGENXBIO Inc.    987,583      26,102
* Avanos Medical Inc.  1,180,291      25,707
* Multiplan Corp.  8,936,459      25,558
* Alignment Healthcare Inc.  2,150,145      25,458
*,1 Lyell Immunopharma Inc.  3,458,857      25,353
* SpringWorks Therapeutics Inc.    878,776      25,071
* NextGen Healthcare Inc.  1,382,939      24,478
*,1 Gossamer Bio Inc.  2,028,334      24,299
* Surgery Partners Inc.  1,029,053      24,080
* Emergent BioSolutions Inc.  1,139,091      23,910
* Zentalis Pharmaceuticals Inc.  1,084,744      23,496
* Adaptive Biotechnologies Corp. 3,267,955 23,268
* CareDx Inc. 1,358,542 23,122
  Healthcare Services Group Inc. 1,883,698 22,774
  National HealthCare Corp. 354,330 22,443
* Recursion Pharmaceuticals Inc. Class A 2,097,576 22,318
* Varex Imaging Corp. 1,013,588 21,427
* Editas Medicine Inc. Class A 1,746,575 21,378
* Madrigal Pharmaceuticals Inc. 325,603 21,161
* OPKO Health Inc. 10,779,160 20,373
* Treace Medical Concepts Inc. 914,763 20,189
* Allogene Therapeutics Inc. 1,824,760 19,707
* TG Therapeutics Inc. 3,326,161 19,691
* Outset Medical Inc. 1,217,895 19,401
* Brookdale Senior Living Inc. 4,495,841 19,197
* Innoviva Inc. 1,592,021 18,483
*,1 23andMe Holding Co. 6,267,809 17,926
* Enhabit Inc. 1,262,802 17,730
* American Well Corp. Class A 4,879,127 17,516
* Sotera Health Co. 2,513,326 17,141
* Reata Pharmaceuticals Inc. Class A 679,774 17,083
* Hims & Hers Health Inc. 3,028,336 16,898
* Arcus Biosciences Inc. 641,904 16,792
* Phreesia Inc. 629,040 16,028
* Kymera Therapeutics Inc. 725,655 15,798
* Nektar Therapeutics Class A 4,770,403 15,265
* Theravance Biopharma Inc. 1,450,095 14,704
*,1 Invitae Corp. 5,965,853 14,676
*,1 Sana Biotechnology Inc. 2,414,963 14,490
*,1 Butterfly Network Inc. 3,076,267 14,458
* Pulmonx Corp. 852,694 14,206
*,1 Clover Health Investments Corp. Class A 8,271,022 14,061
* Alector Inc. 1,464,821 13,857
* Inogen Inc. 549,845 13,350
* NGM Biopharmaceuticals Inc. 1,020,565 13,349
* HealthStream Inc. 619,132 13,163
* Health Catalyst Inc. 1,321,673 12,820
*,1 LifeStance Health Group Inc. 1,915,453 12,680
*,1 Erasca Inc. 1,556,284 12,139
* Agiliti Inc. 843,832 12,075
* AnaptysBio Inc. 466,298 11,895
* PMV Pharmaceuticals Inc. 987,668 11,753
* Atea Pharmaceuticals Inc. 1,903,429 10,831
* Cullinan Oncology Inc. 812,851 10,421
*,1 Day One Biopharmaceuticals Inc. 513,559 10,287

          Shares Market
Value
($000)
*,1 ImmunityBio Inc.  2,036,449      10,121
* Kiniksa Pharmaceuticals Ltd. Class A    787,138      10,107
* Seer Inc. Class A  1,260,592       9,757
* Rocket Pharmaceuticals Inc.    589,386       9,407
* GoodRx Holdings Inc. Class A  1,929,152       9,009
* Accolade Inc.    768,616       8,778
* Sangamo Therapeutics Inc.  1,687,760       8,270
* Nuvation Bio Inc.  3,587,627       8,036
* NanoString Technologies Inc.    587,923       7,508
* Instil Bio Inc.  1,481,574       7,171
* Stoke Therapeutics Inc.    549,055       7,050
* Amneal Pharmaceuticals Inc.  3,446,971       6,963
  Phibro Animal Health Corp. Class A    519,273       6,901
* Design Therapeutics Inc.    355,492       5,944
* Immunovant Inc. 1,044,743 5,830
* Heron Therapeutics Inc. 1,300,740 5,489
*,1 Nuvalent Inc. Class A 275,282 5,351
* Orthofix Medical Inc. 241,078 4,607
* Allovir Inc. 472,572 3,729
* Pennant Group Inc. 335,056 3,488
*,1 Innovage Holding Corp. 506,291 2,977
*,1 P3 Health Partners Inc. 633,489 2,927
*,1 SmileDirectClub Inc. Class A 2,808,941 2,543
* ALX Oncology Holdings Inc. 233,165 2,231
* Invivyd Inc. 696,219 2,179
* Aveanna Healthcare Holdings Inc. 590,187 885
*,1 Bright Green Corp. 501,738 542
*,1,2 Zogenix Inc. CVR 215,490 431
*,1,2 Synergy Pharmaceuticals LLC 2,001,166
            12,860,998
Industrials (19.6%)
  IDEX Corp. 1,916,342 382,981
  Carlisle Cos. Inc. 1,313,222 368,241
  Booz Allen Hamilton Holding Corp. Class A 3,359,835 310,281
  Howmet Aerospace Inc. 9,492,367 293,599
  Nordson Corp. 1,314,468 279,022
  RPM International Inc. 3,276,277 272,947
* Fair Isaac Corp. 641,102 264,140
  Graco Inc. 4,293,880 257,418
* Paylocity Holding Corp. 1,052,716 254,315
  AECOM 3,545,632 242,415
  Regal Rexnord Corp. 1,687,805 236,900
* Builders FirstSource Inc. 3,962,375 233,463
  Quanta Services Inc. 1,812,958 230,953
  Toro Co. 2,655,065 229,610
  Huntington Ingalls Industries Inc. 1,014,257 224,658
  Advanced Drainage Systems Inc. 1,803,522 224,304
* WillScot Mobile Mini Holdings Corp. 5,425,697 218,818
  Watsco Inc. 843,099 217,064
  Genpact Ltd. 4,659,080 203,928
  Robert Half International Inc. 2,642,777 202,172
  Allegion plc 2,230,185 200,003
* Axon Enterprise Inc. 1,714,737 198,481
  Owens Corning 2,443,383 192,074
  Knight-Swift Transportation Holdings Inc. Class A 3,875,216 189,614
  Lincoln Electric Holdings Inc. 1,470,586 184,882
  Lennox International Inc. 809,651 180,285
* Middleby Corp. 1,368,084 175,347

          Shares Market
Value
($000)
  Tetra Tech Inc.  1,353,718     173,993
  Cognex Corp.  4,185,549     173,491
* Chart Industries Inc.    929,965     171,439
  Pentair plc  4,175,609     169,655
  Jack Henry & Associates Inc.    925,499     168,691
  Sealed Air Corp.  3,687,120     164,114
  A O Smith Corp.  3,261,918     158,464
  AptarGroup Inc.  1,659,180     157,672
  Graphic Packaging Holding Co.  7,815,268     154,273
* WESCO International Inc.  1,289,885     153,986
  Donaldson Co. Inc.  3,119,657     152,894
  Hubbell Inc. Class B    681,443     151,962
* Berry Global Group Inc.  3,175,949     147,777
  Sensata Technologies Holding plc  3,941,648     146,945
  AGCO Corp. 1,515,282 145,725
  Valmont Industries Inc. 542,052 145,606
  EMCOR Group Inc. 1,252,932 144,689
* WEX Inc. 1,121,595 142,375
  MDU Resources Group Inc. 5,163,299 141,216
  Sonoco Products Co. 2,475,491 140,435
  MKS Instruments Inc. 1,688,587 139,545
* FTI Consulting Inc. 833,022 138,040
  ITT Inc. 2,099,774 137,199
  Curtiss-Wright Corp. 974,854 135,661
* TopBuild Corp. 822,113 135,468
  nVent Electric plc 4,226,861 133,611
  Landstar System Inc. 924,858 133,522
  Western Union Co. 9,795,046 132,233
  Acuity Brands Inc. 830,463 130,773
* Saia Inc. 670,551 127,405
* Mohawk Industries Inc. 1,372,209 125,132
  Littelfuse Inc. 628,482 124,873
  Brunswick Corp. 1,888,221 123,584
* XPO Logistics Inc. 2,774,839 123,536
* Trex Co. Inc. 2,799,474 123,009
* Axalta Coating Systems Ltd. 5,600,003 117,936
* ExlService Holdings Inc. 797,537 117,525
  Oshkosh Corp. 1,659,784 116,666
  BWX Technologies Inc. 2,316,131 116,664
  Woodward Inc. 1,451,220 116,475
* AMN Healthcare Services Inc. 1,098,617 116,409
  Exponent Inc. 1,297,876 113,785
* ASGN Inc. 1,210,898 109,429
* GXO Logistics Inc. 3,011,961 105,599
  MSA Safety Inc. 943,734 103,131
  Eagle Materials Inc. 956,739 102,543
  Applied Industrial Technologies Inc. 977,418 100,459
  Crane Holdings Co. 1,139,470 99,749
  Louisiana-Pacific Corp. 1,875,219 95,992
  Insperity Inc. 917,216 93,639
  Armstrong World Industries Inc. 1,177,864 93,322
  Ryder System Inc. 1,234,919 93,224
* Kirby Corp. 1,520,855 92,422
* MasTec Inc. 1,438,744 91,360
* Euronet Worldwide Inc. 1,195,882 90,600
* Fluor Corp. 3,607,530 89,791
* Bloom Energy Corp. Class A 4,476,076 89,477
  Maximus Inc. 1,537,560 88,979

          Shares Market
Value
($000)
  Zurn Elkay Water Solutions Corp.  3,611,309      88,477
  Comfort Systems USA Inc.    908,331      88,408
  Silgan Holdings Inc.  2,098,596      88,225
* ATI Inc.  3,298,538      87,774
  Watts Water Technologies Inc. Class A    693,236      87,161
* Affirm Holdings Inc. Class A  4,599,464      86,286
  Triton International Ltd.  1,574,700      86,183
  Simpson Manufacturing Co. Inc.  1,095,998      85,926
  ManpowerGroup Inc.  1,313,709      84,984
  MSC Industrial Direct Co. Inc. Class A  1,141,794      83,134
  Air Lease Corp. Class A  2,674,836      82,947
  Allison Transmission Holdings Inc.  2,443,863      82,505
  Franklin Electric Co. Inc.    999,178      81,643
* Atkore Inc.  1,049,014      81,624
  HB Fuller Co. 1,349,895 81,129
  Flowserve Corp. 3,318,736 80,645
* Marqeta Inc. Class A 11,316,486 80,573
* Aerojet Rocketdyne Holdings Inc. 1,940,289 77,592
  GATX Corp. 896,384 76,327
* Summit Materials Inc. Class A 2,999,044 71,857
* Resideo Technologies Inc. 3,698,919 70,501
  John Bean Technologies Corp. 809,050 69,578
* Atlas Air Worldwide Holdings Inc. 719,118 68,726
  Badger Meter Inc. 743,133 68,658
* Dycom Industries Inc. 710,602 67,884
* Beacon Roofing Supply Inc. 1,237,701 67,727
* TriNet Group Inc. 946,426 67,404
  Herc Holdings Inc. 645,631 67,068
  Vontier Corp. 4,010,268 67,012
* API Group Corp. 5,045,421 66,953
  Belden Inc. 1,105,075 66,327
  Korn Ferry 1,386,265 65,085
  Otter Tail Corp. 1,057,279 65,044
  ABM Industries Inc. 1,695,774 64,829
  UniFirst Corp. 383,300 64,483
  Albany International Corp. Class A 789,685 62,251
  Forward Air Corp. 681,705 61,531
  Matson Inc. 989,722 60,888
* SPX Technologies Inc. 1,090,622 60,224
  EnerSys 1,032,352 60,052
* Verra Mobility Corp. Class A 3,889,822 59,787
  Spirit AeroSystems Holdings Inc. Class A 2,669,543 58,516
  Hillenbrand Inc. 1,587,254 58,284
* ACI Worldwide Inc. 2,787,639 58,262
  AAON Inc. 1,079,863 58,183
  Brink's Co. 1,199,192 58,089
* Hub Group Inc. Class A 819,793 56,549
* Mercury Systems Inc. 1,391,261 56,485
  Altra Industrial Motion Corp. 1,652,113 55,544
* Shift4 Payments Inc. Class A 1,232,340 54,975
* Enovix Corp. 2,992,782 54,873
  Werner Enterprises Inc. 1,449,308 54,494
  Encore Wire Corp. 461,277 53,296
  EVERTEC Inc. 1,677,654 52,594
* Alight Inc. Class A 7,095,474 52,010
  McGrath RentCorp 618,919 51,903
  Moog Inc. Class A 735,482 51,741
* O-I Glass Inc. 3,953,571 51,199

          Shares Market
Value
($000)
* AeroVironment Inc.    602,851      50,254
  Terex Corp.  1,635,444      48,638
* Itron Inc.  1,146,105      48,262
  ESCO Technologies Inc.    656,430      48,208
* Flywire Corp.  2,078,067      47,712
  Installed Building Products Inc.    584,186      47,313
  Brady Corp. Class A  1,126,176      46,995
* AZEK Co. Inc. Class A  2,704,212      44,944
  EnPro Industries Inc.    528,184      44,885
  Trinity Industries Inc.  2,082,442      44,460
  Esab Corp.  1,295,824      43,229
* Air Transport Services Group Inc.  1,793,796      43,213
  ArcBest Corp.    591,071      42,989
  Kennametal Inc.  2,065,484      42,508
  Helios Technologies Inc. 825,861 41,789
* GMS Inc. 1,028,787 41,162
  Mueller Water Products Inc. Class A 3,978,069 40,855
  ADT Inc. 5,434,654 40,706
* Evo Payments Inc. Class A 1,216,131 40,497
* Masonite International Corp. 565,427 40,309
  Lindsay Corp. 278,685 39,930
* Core & Main Inc. Class A 1,754,214 39,891
  Bread Financial Holdings Inc. 1,265,680 39,806
  Griffon Corp. 1,303,950 38,493
  Greif Inc. Class A 640,115 38,132
* Payoneer Global Inc. 6,152,017 37,220
  Barnes Group Inc. 1,218,725 35,197
* Huron Consulting Group Inc. 527,936 34,976
* Vicor Corp. 572,711 33,870
  Maxar Technologies Inc. 1,788,954 33,489
* Kratos Defense & Security Solutions Inc. 3,194,910 32,460
* AAR Corp. 854,707 30,616
  Kforce Inc. 510,951 29,967
  Granite Construction Inc. 1,119,409 28,422
* OSI Systems Inc. 386,610 27,859
*,1 TuSimple Holdings Inc. Class A 3,557,985 27,041
  TriMas Corp. 1,066,467 26,736
* BTRS Holdings Inc. 2,860,330 26,487
* CoreCivic Inc. 2,986,394 26,400
  Enerpac Tool Group Corp. Class A 1,476,483 26,326
*,1 Proterra Inc. 5,143,783 25,616
* AvidXchange Holdings Inc. 3,018,427 25,415
* Proto Labs Inc. 697,077 25,394
  Tennant Co. 447,654 25,319
  Standex International Corp. 303,931 24,816
* Gates Industrial Corp. plc 2,508,704 24,485
* Rocket Lab USA Inc. 5,958,801 24,252
* Hillman Solutions Corp. 3,210,026 24,204
* Remitly Global Inc. 2,129,698 23,682
*,1 Joby Aviation Inc. 5,396,678 23,368
*,1 Legalzoom.com Inc. 2,717,072 23,285
*,1 Nikola Corp. 6,604,038 23,246
*,1 Virgin Galactic Holdings Inc. 4,921,581 23,181
*,1 Mirion Technologies Inc. 3,048,427 22,772
  International Seaways Inc. 632,044 22,204
  H&E Equipment Services Inc. 779,197 22,082
* Green Dot Corp. Class A 1,159,944 22,016
  Primoris Services Corp. 1,351,128 21,956

          Shares Market
Value
($000)
* Hayward Holdings Inc.  2,467,401      21,886
  AZZ Inc.    598,900      21,866
*,1 PureCycle Technologies Inc.  2,698,356      21,776
  Apogee Enterprises Inc.    562,115      21,484
  TTEC Holdings Inc.    479,346      21,240
*,1 Aurora Innovation Inc.  9,193,863      20,318
  Kaman Corp.    709,866      19,827
  Schneider National Inc. Class B    964,193      19,573
  Greenbrier Cos. Inc.    787,371      19,109
  Deluxe Corp.  1,095,858      18,246
  Wabash National Corp.  1,171,370      18,226
  Astec Industries Inc.    579,905      18,087
* JELD-WEN Holding Inc.  2,032,398      17,783
* ZipRecruiter Inc. Class A  1,060,338      17,496
* First Advantage Corp. 1,358,672 17,432
  Heartland Express Inc. 1,205,378 17,249
* Gibraltar Industries Inc. 401,504 16,434
*,1 Desktop Metal Inc. Class A 6,014,852 15,578
  Quanex Building Products Corp. 848,082 15,401
* TrueBlue Inc. 787,886 15,033
* Janus International Group Inc. 1,679,784 14,984
* CryoPort Inc. 585,112 14,253
* Conduent Inc. 4,113,430 13,739
* Thermon Group Holdings Inc. 850,054 13,099
* FARO Technologies Inc. 464,123 12,736
  Gorman-Rupp Co. 530,524 12,621
* TaskUS Inc. Class A 713,204 11,483
  Kelly Services Inc. Class A 834,747 11,344
* Forrester Research Inc. 288,355 10,384
* Cimpress plc 397,393 9,728
  Pitney Bowes Inc. 3,969,743 9,249
* American Woodmark Corp. 209,970 9,209
* Vivint Smart Home Inc. 1,355,923 8,922
*,1 Hyliion Holdings Corp. 3,083,670 8,850
  National Presto Industries Inc. 134,348 8,739
* Sterling Check Corp. 490,265 8,648
  REV Group Inc. 774,441 8,542
* BrightView Holdings Inc. 1,060,337 8,419
  Pactiv Evergreen Inc. 906,232 7,911
*,1 Velo3D Inc. 1,989,093 7,837
  Greif Inc. Class B 113,995 6,931
*,1 Microvast Holdings Inc. 3,828,182 6,929
* Triumph Group Inc. 742,646 6,379
* CS Disco Inc. 595,153 5,952
  Kronos Worldwide Inc. 582,808 5,443
  Hyster-Yale Materials Handling Inc. 232,094 4,992
* Advantage Solutions Inc. 2,033,345 4,331
*,1 Paymentus Holdings Inc. Class A 390,037 3,791
* Tutor Perini Corp. 521,165 2,877
* Ranpak Holdings Corp. Class A 561,160 1,919
            20,468,317
Real Estate (8.2%)
  Kimco Realty Corp. 15,703,223 289,096
  Gaming & Leisure Properties Inc. 6,190,054 273,848
  Equity LifeStyle Properties Inc. 4,252,033 267,198
  Life Storage Inc. 2,142,484 237,302
  American Homes 4 Rent Class A 7,063,303 231,747
  CubeSmart 5,699,156 228,308

          Shares Market
Value
($000)
  Rexford Industrial Realty Inc.  4,343,792     225,877
  STORE Capital Corp.  6,459,244     202,368
  Healthcare Realty Trust Inc. Class A  9,661,977     201,452
  Federal Realty Investment Trust  2,054,334     185,137
* Jones Lang LaSalle Inc.  1,216,658     183,801
  Lamar Advertising Co. Class A  2,211,806     182,452
  Medical Properties Trust Inc. 15,208,201     180,369
  National Retail Properties Inc.  4,496,787     179,242
  Omega Healthcare Investors Inc.  5,943,998     175,288
  Americold Realty Trust Inc.  6,839,449     168,250
  EastGroup Properties Inc.  1,106,195     159,668
  Apartment Income REIT Corp. Class A  3,914,750     151,188
  First Industrial Realty Trust Inc.  3,353,263     150,260
  Host Hotels & Resorts Inc.  9,075,830     144,124
  Brixmor Property Group Inc. 7,608,629 140,531
  Agree Realty Corp. 2,026,980 136,983
  STAG Industrial Inc. 4,550,185 129,362
  Spirit Realty Capital Inc. 3,462,298 125,197
  Kilroy Realty Corp. 2,967,348 124,955
  Regency Centers Corp. 2,172,223 116,974
  Rayonier Inc. 3,717,631 111,417
  Vornado Realty Trust 4,382,284 101,494
  Ryman Hospitality Properties Inc. 1,330,412 97,905
  Terreno Realty Corp. 1,822,074 96,552
  Kite Realty Group Trust 5,563,361 95,801
  Independence Realty Trust Inc. 5,638,321 94,329
  National Storage Affiliates Trust 2,213,318 92,030
  Cousins Properties Inc. 3,845,167 89,785
  Physicians Realty Trust 5,746,739 86,431
  Phillips Edison & Co. Inc. 2,963,048 83,113
  PotlatchDeltic Corp. 1,962,418 80,538
  Sabra Health Care REIT Inc. 5,864,331 76,940
  Douglas Emmett Inc. 4,240,467 76,032
  Apple Hospitality REIT Inc. 5,229,794 73,531
  Highwoods Properties Inc. 2,670,815 72,005
  Essential Properties Realty Trust Inc. 3,585,852 69,745
  EPR Properties 1,904,625 68,300
  Hannon Armstrong Sustainable Infrastructure Capital Inc. 2,224,000 66,564
  Corporate Office Properties Trust 2,854,897 66,319
1 SL Green Realty Corp. 1,632,652 65,567
  Equity Commonwealth 2,683,378 65,367
  LXP Industrial Trust 7,107,103 65,101
  Innovative Industrial Properties Inc. 710,277 62,860
  National Health Investors Inc. 1,077,449 60,908
  Park Hotels & Resorts Inc. 5,137,919 57,853
  Broadstone Net Lease Inc. 3,711,121 57,634
  Outfront Media Inc. 3,748,812 56,944
  JBG SMITH Properties 2,904,158 53,959
  DigitalBridge Group Inc. 4,162,266 52,070
  Sunstone Hotel Investors Inc. 5,390,699 50,780
  SITE Centers Corp. 4,619,685 49,477
* Howard Hughes Corp. 887,065 49,135
  Pebblebrook Hotel Trust 3,337,636 48,429
  Kennedy-Wilson Holdings Inc. 2,974,386 45,984
* Cushman & Wakefield plc 4,011,242 45,929
  CareTrust REIT Inc. 2,463,800 44,619
  Uniti Group Inc. 6,024,631 41,871
  RLJ Lodging Trust 4,132,307 41,819

          Shares Market
Value
($000)
  Retail Opportunity Investments Corp.  3,004,242      41,338
  Macerich Co.  5,180,724      41,135
  DiamondRock Hospitality Co.  5,355,708      40,221
  Xenia Hotels & Resorts Inc.  2,903,976      40,046
  Washington REIT  2,219,547      38,975
  LTC Properties Inc.  1,028,525      38,518
  Urban Edge Properties  2,833,129      37,794
  Hudson Pacific Properties Inc.  3,417,180      37,418
* Opendoor Technologies Inc. 11,978,644      37,254
  InvenTrust Properties Corp.  1,625,184      34,665
  Tanger Factory Outlet Centers Inc.  2,515,467      34,412
  Piedmont Office Realty Trust Inc. Class A  3,129,091      33,043
  American Assets Trust Inc.  1,229,914      31,633
  St. Joe Co.    970,958      31,100
  Alexander & Baldwin Inc. 1,845,313 30,595
  Acadia Realty Trust 2,408,243 30,392
  Paramount Group Inc. 4,863,557 30,300
  Brandywine Realty Trust 4,356,683 29,408
  Newmark Group Inc. Class A 3,606,376 29,067
  Global Net Lease Inc. 2,636,130 28,075
  Getty Realty Corp. 1,008,069 27,107
  Empire State Realty Trust Inc. Class A 4,129,544 27,090
  Apartment Investment & Management Co. Class A 3,670,468 26,794
  Centerspace 389,756 26,238
* GEO Group Inc. 2,992,175 23,040
* Anywhere Real Estate Inc. 2,758,949 22,375
* Veris Residential Inc. 1,962,159 22,310
  Service Properties Trust 4,197,532 21,785
  Marcus & Millichap Inc. 659,920 21,632
1 eXp World Holdings Inc. 1,927,651 21,609
  Necessity Retail REIT Inc. Class A 3,389,839 19,932
*,1 WeWork Inc. 7,206,905 19,098
  Office Properties Income Trust 1,231,027 17,296
*,1 Compass Inc. Class A 7,133,649 16,550
  RPT Realty 2,162,131 16,346
* Redfin Corp. 2,612,757 15,258
  Universal Health Realty Income Trust 315,642 13,639
  Safehold Inc. 473,835 12,538
  Saul Centers Inc. 333,893 12,521
  Alexander's Inc. 51,819 10,828
  Bridge Investment Group Holdings Inc. Class A 703,964 10,207
  RMR Group Inc. Class A 392,035 9,287
  Industrial Logistics Properties Trust 1,660,161 9,131
  Summit Hotel Properties Inc. 1,294,572 8,700
  Urstadt Biddle Properties Inc. Class A 414,544 6,430
* Forestar Group Inc. 443,861 4,967
* Seritage Growth Properties Class A 426,443 3,847
  Douglas Elliman Inc. 824,811 3,382
  Franklin Street Properties Corp. 1,178,198 3,099
  Diversified Healthcare Trust 3,032,862 3,003
*,1 Offerpad Solutions Inc. 589,680 714
*,2 Spirit MTA REIT 529,410
            8,558,256
Technology (11.7%)
* Wolfspeed Inc. 3,150,964 325,684
  Entegris Inc. 3,782,448 314,019
* PTC Inc. 2,684,171 280,764
* Manhattan Associates Inc. 1,592,424 211,840

          Shares Market
Value
($000)
* Ceridian HCM Holding Inc.  3,692,135     206,317
* Avalara Inc.  2,151,080     197,469
* Pure Storage Inc. Class A  7,140,438     195,434
  Jabil Inc.  3,143,081     181,387
* Dynatrace Inc.  5,106,880     177,771
* Aspen Technology Inc.    734,746     175,017
* Change Healthcare Inc.  6,252,473     171,880
* Lattice Semiconductor Corp.  3,486,413     171,566
* CACI International Inc. Class A    594,611     155,229
  KBR Inc.  3,530,341     152,581
  Leidos Holdings Inc.  1,733,410     151,621
* Arrow Electronics Inc.  1,629,157     150,192
* DXC Technology Co.  5,686,363     139,202
* Elastic NV  1,926,816     138,230
* Five9 Inc. 1,779,932 133,459
* Guidewire Software Inc. 2,128,133 131,050
  National Instruments Corp. 3,360,727 126,834
  Science Applications International Corp. 1,413,847 125,027
* SentinelOne Inc. Class A 4,806,642 122,858
* Qualys Inc. 876,642 122,195
* Zendesk Inc. 1,567,439 119,282
* Nutanix Inc. Class A 5,695,394 118,635
* Rogers Corp. 477,621 115,527
  Switch Inc. Class A 3,384,398 114,020
* SPS Commerce Inc. 914,406 113,597
* Coupa Software Inc. 1,919,733 112,880
  Concentrix Corp. 990,947 110,619
* F5 Inc. 756,144 109,437
* Smartsheet Inc. Class A 3,122,407 107,286
* Silicon Laboratories Inc. 825,310 101,876
  Dolby Laboratories Inc. Class A 1,563,634 101,871
  Universal Display Corp. 1,079,219 101,824
* Synaptics Inc. 1,006,354 99,639
* Novanta Inc. 859,736 99,428
* Tenable Holdings Inc. 2,835,292 98,668
* Cirrus Logic Inc. 1,420,235 97,712
* Coherent Corp. 2,784,051 97,024
  Power Integrations Inc. 1,451,780 93,378
  TD SYNNEX Corp. 1,095,088 88,910
* Fabrinet 925,442 88,333
  Avnet Inc. 2,403,351 86,809
* RingCentral Inc. Class A 2,169,019 86,674
* Workiva Inc. Class A 1,106,865 86,114
* Procore Technologies Inc. 1,737,114 85,952
* Box Inc. Class A 3,474,837 84,751
  Dun & Bradstreet Holdings Inc. 6,609,713 81,894
* Alteryx Inc. Class A 1,465,602 81,839
  Azenta Inc. 1,904,757 81,638
* Blackline Inc. 1,362,626 81,621
* Onto Innovation Inc. 1,261,410 80,793
* Ziff Davis Inc. 1,138,402 77,958
* Alarm.com Holdings Inc. 1,199,711 77,813
* Teradata Corp. 2,479,509 77,014
  Vertiv Holdings Co. Class A 7,658,289 74,439
* Varonis Systems Inc. Class B 2,790,483 74,004
* New Relic Inc. 1,281,747 73,547
* Insight Enterprises Inc. 891,040 73,431
  Advanced Energy Industries Inc. 948,560 73,428

          Shares Market
Value
($000)
* Dropbox Inc. Class A  3,451,474      71,515
* Rambus Inc.  2,806,242      71,335
* Diodes Inc.  1,096,864      71,197
* IPG Photonics Corp.    828,561      69,889
* MACOM Technology Solutions Holdings Inc.  1,333,030      69,038
* Confluent Inc. Class A  2,868,175      68,177
* nCino Inc.  1,959,038      66,823
*,1 Gitlab Inc. Class A  1,283,207      65,726
* Sanmina Corp.  1,394,154      64,243
* NCR Corp.  3,302,639      62,783
* Envestnet Inc.  1,401,453      62,225
* Toast Inc. Class A  3,700,542      61,873
* Super Micro Computer Inc.  1,120,299      61,695
* Plexus Corp.    703,716      61,617
* Rapid7 Inc. 1,415,514 60,726
* Blackbaud Inc. 1,346,471 59,326
  Vishay Intertechnology Inc. 3,318,003 59,027
* MaxLinear Inc. Class A 1,789,701 58,380
* Sprout Social Inc. Class A 952,968 57,826
* Yelp Inc. Class A 1,695,306 57,488
* CommVault Systems Inc. 1,080,843 57,328
* Perficient Inc. 878,615 57,128
* IAC Inc. 1,007,359 55,788
* Altair Engineering Inc. Class A 1,259,125 55,679
* Covetrus Inc. 2,664,513 55,635
* Verint Systems Inc. 1,642,170 55,144
* NetScout Systems Inc. 1,724,135 54,000
* Ambarella Inc. 919,516 51,658
*,1 MicroStrategy Inc. Class A 237,058 50,318
* FormFactor Inc. 1,958,410 49,058
* Ping Identity Holding Corp. 1,746,976 49,038
* Appfolio Inc. Class A 460,627 48,237
  Amkor Technology Inc. 2,797,370 47,695
* Semtech Corp. 1,611,713 47,400
  Progress Software Corp. 1,103,527 46,955
* Bumble Inc. Class A 2,138,715 45,961
* DoubleVerify Holdings Inc. 1,664,975 45,537
*,1 Clear Secure Inc. Class A 1,991,050 45,515
*,1 Freshworks Inc. Class A 3,508,328 45,503
*,1 Xometry Inc. Class A 792,679 45,016
* Q2 Holdings Inc. 1,382,443 44,515
*,1 DigitalOcean Holdings Inc. 1,230,207 44,497
* PagerDuty Inc. 1,895,325 43,725
* Kyndryl Holdings Inc. 5,180,509 42,843
* KnowBe4 Inc. Class A 2,023,063 42,100
  CSG Systems International Inc. 773,986 40,928
* Allscripts Healthcare Solutions Inc. 2,672,429 40,701
* Upwork Inc. 2,983,736 40,638
* Appian Corp. Class A 986,974 40,298
* Paycor HCM Inc. 1,337,864 39,547
* Asana Inc. Class A 1,729,068 38,437
* Jamf Holding Corp. 1,686,562 37,374
* Allegro MicroSystems Inc. 1,699,595 37,136
* JFrog Ltd. 1,638,954 36,237
* Parsons Corp. 920,359 36,078
  Xerox Holdings Corp. 2,751,958 35,996
* CCC Intelligent Solutions Holdings Inc. 3,915,872 35,634
  Adeia Inc. 2,516,299 35,580

          Shares Market
Value
($000)
* Cargurus Inc. Class A  2,474,462      35,063
* Digital Turbine Inc.  2,384,483      34,360
  Pegasystems Inc.  1,039,828      33,420
* Schrodinger Inc.  1,337,753      33,417
  Methode Electronics Inc.    886,448      32,932
* E2open Parent Holdings Inc.  5,364,942      32,565
* Everbridge Inc.  1,009,104      31,161
* TTM Technologies Inc.  2,334,945      30,775
*,1 Braze Inc. Class A    871,480      30,354
* C3.ai Inc. Class A  2,397,603      29,970
* SiTime Corp.    378,832      29,825
  Shutterstock Inc.    593,769      29,789
* LiveRamp Holdings Inc.  1,619,513      29,410
* HashiCorp Inc. Class A    852,032      27,427
* Squarespace Inc. Class A 1,273,728 27,207
* Planet Labs PBC 4,719,575 25,627
* PROS Holdings Inc. 1,035,817 25,585
* Fastly Inc. Class A 2,787,509 25,534
* 3D Systems Corp. 3,138,471 25,045
*,1 Samsara Inc. Class A 2,070,418 24,990
* Veeco Instruments Inc. 1,239,839 22,714
* Zuora Inc. Class A 3,072,356 22,674
* Duck Creek Technologies Inc. 1,848,344 21,903
* Consensus Cloud Solutions Inc. 452,924 21,423
* Magnite Inc. 3,208,540 21,080
  Benchmark Electronics Inc. 847,942 21,012
* BigCommerce Holdings Inc. 1,398,589 20,699
* Thoughtworks Holding Inc. 1,970,526 20,671
*,1 Credo Technology Group Holding Ltd. 1,850,657 20,357
*,1 Zeta Global Holdings Corp. Class A 3,050,348 20,163
* Olo Inc. Class A 2,468,263 19,499
* Sprinklr Inc. Class A 2,107,336 19,430
* Momentive Global Inc. 3,186,299 18,512
* Amplitude Inc. Class A 1,179,490 18,247
* Informatica Inc. Class A 902,369 18,111
*,1 IonQ Inc. 3,537,276 17,934
* Sumo Logic Inc. 2,350,886 17,632
* PubMatic Inc. Class A 1,029,445 17,120
* LivePerson Inc. 1,808,528 17,036
* ScanSource Inc. 637,766 16,843
*,1 Expensify Inc. Class A 1,040,248 15,479
* Cerence Inc. 950,618 14,972
* N-able Inc. 1,604,569 14,810
* CEVA Inc. 560,604 14,705
* Alkami Technology Inc. 921,659 13,871
* Vimeo Inc. 3,382,758 13,531
* EngageSmart Inc. 625,468 12,941
* Qualtrics International Inc. Class A 1,238,939 12,612
* Yext Inc. 2,824,617 12,598
* Eventbrite Inc. Class A 2,043,351 12,424
* Unisys Corp. 1,637,552 12,364
*,1 AvePoint Inc. 3,059,897 12,270
* Definitive Healthcare Corp. Class A 765,246 11,892
  Ebix Inc. 626,000 11,875
*,1 ForgeRock Inc. Class A 817,124 11,873
*,1 Blend Labs Inc. Class A 5,362,723 11,852
* Vertex Inc. Class A 861,135 11,772
*,1 Matterport Inc. 2,877,663 10,906

          Shares Market
Value
($000)
* Telos Corp.  1,199,513      10,664
* nLight Inc.  1,087,448      10,276
* EverCommerce Inc.    739,770       8,086
* Couchbase Inc.    565,556       8,070
*,1 SEMrush Holdings Inc. Class A    716,350       8,030
  SolarWinds Corp.  1,025,697       7,949
* Nextdoor Holdings Inc.  2,729,729       7,616
*,1 NerdWallet Inc. Class A    854,193       7,577
* Intapp Inc.    392,105       7,321
*,1 SmartRent Inc. Class A  3,013,520       6,841
* MeridianLink Inc.    410,234       6,679
*,1 Rackspace Technology Inc.  1,608,655       6,563
*,1 Aeva Technologies Inc.  3,319,509       6,207
* Bandwidth Inc. Class A    505,730       6,018
* MediaAlpha Inc. Class A 586,082 5,128
1 Vivid Seats Inc. Class A 627,772 4,809
* ON24 Inc. 481,769 4,240
*,1 Enfusion Inc. Class A 340,656 4,204
*,1 Skillz Inc. Class A 3,561,022 3,632
*,1 Groupon Inc. Class A 230,419 1,834
* SecureWorks Corp. Class A 203,148 1,635
* WM Technology Inc. 903,616 1,455
*,1 Avaya Holdings Corp. 880,875 1,401
*,1 BuzzFeed Inc. 799,816 1,248
            12,146,803
Telecommunications (1.3%)
* Ciena Corp. 3,800,902 153,671
* Frontier Communications Parent Inc. 6,220,074 145,736
* Iridium Communications Inc. 2,901,449 128,737
  Cable One Inc. 149,335 127,390
* Lumentum Holdings Inc. 1,642,903 112,654
  Juniper Networks Inc. 4,095,482 106,974
* Calix Inc. 1,491,018 91,161
* Viavi Solutions Inc. 5,744,762 74,969
* Viasat Inc. 1,918,464 57,995
  Cogent Communications Holdings Inc. 1,097,320 57,236
* CommScope Holding Co. Inc. 5,018,846 46,224
  Telephone & Data Systems Inc. 2,569,856 35,721
  ADTRAN Holdings Inc. 1,671,584 32,730
* Altice USA Inc. Class A 5,491,037 32,013
  InterDigital Inc. 753,060 30,439
*,1 Globalstar Inc. 18,276,332 29,059
* Infinera Corp. 4,690,772 22,703
  Shenandoah Telecommunications Co. 1,209,427 20,584
* WideOpenWest Inc. 1,333,830 16,366
*,1 fuboTV Inc. 4,237,721 15,044
* EchoStar Corp. Class A 855,755 14,094
* NETGEAR Inc. 691,758 13,863
  ATN International Inc. 280,639 10,824
* United States Cellular Corp. 398,691 10,378
* 8x8 Inc. 2,899,144 10,002
* Gogo Inc. 815,890 9,889
            1,406,456
Utilities (3.7%)
  Atmos Energy Corp. 3,551,849 361,756
  Essential Utilities Inc. 5,990,959 247,906
  NRG Energy Inc. 5,970,177 228,479

          Shares Market
Value
($000)
  OGE Energy Corp.  5,082,617     185,312
  Pinnacle West Capital Corp.  2,870,059     185,148
  UGI Corp.  5,316,507     171,883
* Clean Harbors Inc.  1,304,991     143,523
  National Fuel Gas Co.  2,322,607     142,956
* Sunrun Inc.  5,115,690     141,142
  IDACORP Inc.  1,283,604     127,090
  Southwest Gas Holdings Inc.  1,612,312     112,459
  Black Hills Corp.  1,652,338     111,913
  South Jersey Industries Inc.  3,109,192     103,909
* Evoqua Water Technologies Corp.  3,084,624     102,009
  PNM Resources Inc.  2,179,249      99,657
* Stericycle Inc.  2,340,547      98,560
  Portland General Electric Co.  2,265,717      98,468
* Casella Waste Systems Inc. Class A 1,287,113 98,323
  ONE Gas Inc. 1,374,918 96,780
  New Jersey Resources Corp. 2,443,743 94,573
  Ormat Technologies Inc. 1,064,908 91,795
  Hawaiian Electric Industries Inc. 2,640,324 91,514
  Spire Inc. 1,265,919 78,905
  American States Water Co. 938,548 73,160
  California Water Service Group 1,379,640 72,693
  ALLETE Inc. 1,449,585 72,552
  NorthWestern Corp. 1,425,748 70,261
  Avista Corp. 1,853,857 68,685
  Clearway Energy Inc. Class C 2,087,007 66,471
  MGE Energy Inc. 918,260 60,265
* Sunnova Energy International Inc. 2,474,507 54,637
  Northwest Natural Holding Co. 869,692 37,727
* Archaea Energy Inc. Class A 2,051,202 36,942
  Clearway Energy Inc. Class A 878,243 25,557
  Excelerate Energy Inc. Class A 518,693 12,137
* Harsco Corp. 2,020,597 7,557
*,1 NuScale Power Corp. 375,813 4,389
            3,877,093
Total Common Stocks (Cost $96,263,770) 103,436,055
      Coupon      
Temporary Cash Investments (2.4%)
Money Market Fund (2.4%)
3,4 Vanguard Market Liquidity Fund
(Cost $2,475,364)
2.828%   24,764,212 2,475,678
Total Investments (101.6%) (Cost $98,739,134)   105,911,733
Other Assets and Liabilities—Net (-1.6%)   (1,695,003)
Net Assets (100%)   104,216,730
Cost is in $000.
* Non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,681,634,000.
2 Security value determined using significant unobservable inputs.
3 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
4 Collateral of $1,837,205,000 was received for securities on loan.
  CVR—Contingent Value Rights.
  REIT—Real Estate Investment Trust.


Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
E-mini Russell 2000 Index December 2022 4,502 375,872 (38,997)
E-mini S&P 500 Index December 2022 160 28,812 (4,000)
E-mini S&P Mid-Cap 400 Index December 2022 1,704 376,277 (41,790)
        (84,787)
    
Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest
Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
ACI Worldwide Inc. 8/31/23 BANA 1,304 (2.981) (157)
ACI Worldwide Inc. 8/31/23 BANA 1,256 (2.981) (151)
Avalara Inc. 8/31/23 BANA 8,243 (2.581) 2
DXC Technology Co. 8/31/23 BANA 3,717 (2.981) (54)
Ollie's Bargain Outlet Holdings Inc. 1/31/23 GSI 17,151 (2.998) (1,686)
          2 (2,048)
1 Based on USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly.
  BANA—Bank of America, N.A.
  GSI—Goldman Sachs International.

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily

to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
D.  Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund's investments and derivatives as of September 30, 2022, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 103,435,624 431 103,436,055
Temporary Cash Investments 2,475,678 2,475,678
Total 105,911,302 431 105,911,733
Derivative Financial Instruments        
Assets        
Swap Contracts 2 2
Liabilities        
Futures Contracts1 84,787 84,787
Swap Contracts 2,048 2,048
Total 84,787 2,048 86,835
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.