BLACKROCK FUNDS

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Funds^SM,
55 East 52^nd Street, New York, NY 10055

The Markets in Review

Dear Shareholder,

The 12-month reporting period as of July 31, 2021 was a remarkable period of adaptation and recovery, as the global economy dealt with the implications of the coronavirus (or “COVID-19”) pandemic. The United States, along with most of the world, began the reporting period emerging from a severe recession, prompted by pandemic-related restrictions that disrupted many aspects of daily life. However, easing restrictions and robust government intervention led to a strong rebound, and the economy grew at a significant pace for the reporting period, eventually regaining the output lost from the pandemic.

Equity prices rose with the broader economy, as strong fiscal and monetary support, as well as the development of vaccines, made investors increasingly optimistic about the economic outlook. The implementation of mass vaccination campaigns and passage of two additional fiscal stimulus packages further boosted stocks, and many equity indices neared or surpassed all-time highs late in the reporting period. In the United States, returns of small-capitalization stocks, which benefited the most from the resumption of in-person activities, outpaced large-capitalization stocks. International equities also gained, as both developed and emerging markets rebounded substantially.

The 10-year U.S. Treasury yield (which is inversely related to bond prices) had fallen sharply prior to the beginning of the reporting period, which meant bonds were priced for extreme risk avoidance and economic disruption. Despite expectations of doom and gloom, the economy expanded rapidly, stoking inflation concerns in early 2021, which led to higher yields and a negative overall return for most U.S. Treasuries. In the corporate bond market, support from the U.S. Federal Reserve (the “Fed”) assuaged credit concerns and led to solid returns for high-yield corporate bonds, although investment-grade corporates declined slightly.

The Fed remained committed to accommodative monetary policy by maintaining near zero interest rates and by reiterating that inflation could exceed its 2% target for a sustained period without triggering a rate increase. In response to rising inflation late in the period, the Fed changed its market guidance, raising the likelihood of less bond purchasing and the possibility of higher rates in 2023.

Looking ahead, we believe that the global expansion will continue to broaden as Europe and other developed market economies gain momentum, although the Delta variant remains a threat, particularly in emerging markets. While we expect inflation to remain elevated in the medium-term as the expansion continues, we believe the recent uptick owes more to temporary supply disruptions than a lasting change in fundamentals. The change in Fed policy also means that moderate inflation is less likely to be followed by interest rate hikes that could threaten the economic expansion.

Overall, we favor a moderately positive stance toward risk, with an overweight in equities. Sectors that are better poised to manage the transition to a lower-carbon world, such as technology and healthcare, are particularly attractive in the long-term. U.S. small-capitalization stocks and European equities are likely to benefit from the continuing vaccine-led restart. We are underweight long-term credit, but inflation-protected U.S. Treasuries, Asian fixed income, and Chinese government bonds offer potential opportunities. We believe that international diversification and a focus on sustainability can help provide portfolio resilience, and the disruption created by the coronavirus appears to be accelerating the shift toward sustainable investments.

In this environment, our view is that investors need to think globally, extend their scope across a broad array of asset classes, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit blackrock.com for further insight about investing in today’s markets.

Sincerely,

LOGO

Rob Kapito

President, BlackRock Advisors, LLC

LOGO

Rob Kapito

President, BlackRock Advisors, LLC


Total Returns as of July 31, 2021

	6-Month			12-Month

U.S. large cap equities (S&P 500^® Index)		19.19	%		36.45	%

U.S. small cap equities (Russell 2000^® Index)		7.86			51.97

International equities (MSCI Europe, Australasia, Far East Index)		10.83			30.31

Emerging market equities (MSCI Emerging Markets Index)		(2.76	)		20.64

3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)		0.02			0.08

U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)		(0.59	)		(5.12	)

U.S. investment grade bonds (Bloomberg Barclays U.S. Aggregate Bond Index)		0.21			(0.70	)

Tax-exempt municipal bonds (S&P Municipal Bond Index)		1.38			3.47

U.S. high yield bonds (Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index)		3.66			10.62

Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

iShares Russell Mid-Cap Index Fund’s (the “Fund”) investment objective is to seek to track the investment results of an index composed of mid-capitalization U.S. equities.

For the 12-month period ended July 31, 2021, the Fund’s Institutional Shares returned 42.43%, Investor A Shares returned 42.05%, and Class K Shares returned 42.50%. The benchmark Russell Midcap^® Index (the “Index”) returned 42.58% for the same period.

Returns for the Fund’s respective share classes differ from the Index based on individual share-class expenses.

During August 2020, U.S. stocks continued their recovery and maintained recording all-time highs until early September when valuation concerns created market volatility and led to a market sell off. COVID-19 continued to be center stage over the third quarter of 2020 but the ease of some restrictions, coupled with a drop in the number of new cases in the United States and the Fed’s accommodative policies, supported the U.S. market recovery over the third quarter despite the spikes in volatility and the market sell off that dampened the recovery momentum.

U.S. markets reacted positively to the U.S. presidential election results following a poor start to the fourth quarter of 2020. The victory of Joe Biden came as an indicator of more stable internal and external policies. The fear of rising COVID-19 cases in the United States was offset by positive vaccine news and an announcement of a $900 billion stimulus in late December, which supported the market’s positive performance. Sectors that were severely impacted by the coronavirus pandemic, such as energy and financials, recovered following the positive vaccine news in November, prompting these two sectors to recoup some of the losses incurred earlier in 2020.

Following the strong end to 2020, favorable market conditions continued with signs of a sooner-than-expected economic activity restart. Monetary conditions remained supportive, as the Fed signaled a continuing environment of low interest rates. With both the Senate and Congress passing a new $1.9 trillion stimulus package, and the United States starting to lead in the COVID-19 vaccine rollout, optimism continued to rise for strong economic growth in the first quarter of 2021. Despite the heightened volatility at the beginning of the quarter related to retail trading activity, the positive news about the stimulus package and the potential infrastructure bill soothed the market and supported returns over the quarter.

During the second quarter of 2021, the U.S. equity market rallied as the COVID-19 vaccination campaign continued to accelerate, and as more signs emerged for a sooner-than-expected economic activity restart. The U.S. Consumer Price Index (a measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services) increased by more than 4% (over the one-year period as of April 2021), which raised questions on whether this surge was sparked by temporary factors at play. However, inflation concerns and the Fed’s cautious optimism about the recovery muted the market rally in May 2021. In June 2021, the U.S. equity market extended its rally, supported by the prospect of more fiscal stimulus, as President Joe Biden reached a bipartisan $1 trillion agreement for infrastructure spending. The domestic markets continued climbing in June, as Fed commentary eased investors’ worries about the potential for tightening monetary policy too quickly. Furthermore, U.S. economic data over the second quarter of 2021 were generally very strong.

During the period, as changes were made to the composition of the Index, the Fund purchased and sold securities to maintain its objective of replicating the risks and return of the Index.

The Fund remains positioned to match the risk characteristics of the Index, irrespective of the market’s future direction.

The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.

See “Disclosure of Expenses” for further information on how expenses were calculated.


SECTOR ALLOCATION

Sector^(a)	Percent of Net Assets
Information Technology		19	%
Industrials		15
Consumer Discretionary		13
Health Care		12
Financials		12
Real Estate		8
Materials		5
Communication Services		5
Utilities		4
Energy		3
Consumer Staples		3
Investment Companies		1
Short-Term Securities		2
Liabilities in Excess of Other Assets		(2	)

^(a)

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

iShares Russell Small/Mid-Cap Index Fund’s (the “Fund”) investment objective is to seek to track the performance of the small to mid-cap segment of the U.S. equity universe.

For the 12-month period ended July 31, 2021, the Fund’s Institutional Shares returned 48.81%, Investor A Shares returned 48.49%, and Class K Shares returned 48.88%. The benchmark Russell 2500^TM Index (the “Index”) returned 49.09% for the same period.

Returns for the Fund’s respective share classes differ from the Index based on individual share-class expenses.

During the period, as changes were made to the composition of the Index, the Fund purchased and sold securities to maintain its objective of replicating the risks and return of the Index.

The Fund remains positioned to match the risk characteristics of the Index, irrespective of the market’s future direction.

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.

See “Disclosure of Expenses” for further information on how expenses were calculated.


SECTOR ALLOCATION

Sector^(a)	Percent of Net Assets
Information Technology		16	%
Industrials		16
Health Care		15
Financials		14
Consumer Discretionary		13
Real Estate		8
Materials		5
Energy		3
Consumer Staples		3
Communication Services		3
Utilities		2
Investment Companies		1
Short-Term Securities		12
Liabilities in Excess of Other Assets		(11	)

^(a)

iShares Total U.S. Stock Market Index Fund’s (the “Fund”) investment objective is to seek to track the investment results of a broad-based index composed of U.S. equities.

For the 12-month period ended July 31, 2021, the Fund’s Institutional Shares returned 38.73%, Investor A Shares returned 38.42%, and Class K Shares returned 38.79%. The benchmark Russell 3000^® Index (the “Index”) returned 38.73% for the same period.

Returns for the Fund’s respective share classes differ from the Index based on individual share-class expenses.

During the period, as changes were made to the composition of the Index, the Fund purchased and sold securities to maintain its objective of replicating the risks and return of the Index.

The Fund remains positioned to match the risk characteristics of the Index, irrespective of the market’s future direction.

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.

See “Disclosure of Expenses” for further information on how expenses were calculated.


SECTOR ALLOCATION
Sector^(a)	Percent of Net Assets
Information Technology		27	%
Health Care		14
Consumer Discretionary		12
Financials		11
Communication Services		10
Industrials		9
Consumer Staples		5
Real Estate		3
Energy		3
Materials		2
Utilities		2
Investment Companies		1
Short-Term Securities		2
Liabilities in Excess of Other Assets		(1	)

^(a)

Institutional and Class K Shares are not subject to any sales charge. These shares bear no ongoing distribution or service fees and are available only to certain eligible investors.

Investor A Shares are not subject to any sales charge and bear no ongoing distribution fee. These shares are subject to an ongoing service fee of 0.25% per year. These shares are generally available through financial intermediaries. Investor A Shares of iShares Russell Mid-Cap Index Fund performance shown prior to the Investor A Shares inception date of November 30, 2015 is that of Institutional Shares (which have no distribution or service fees) and was restated to reflect Investor A Shares fees.

Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time, and may continue to affect adversely the value and liquidity of the fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Refer to blackrock.com to obtain performance data current to the most recent month-end. Performance results do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Figures shown in the performance tables assume reinvestment of all distributions, if any, at net asset value (“NAV”) on the ex-dividend date or payable date, as applicable. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Distributions paid to each class of shares will vary because of the different levels of service, distribution and transfer agency fees applicable to each class, which are deducted from the income available to be paid to shareholders.

BlackRock Advisors, LLC (the “Manager”), each Fund’s investment adviser, has contractually and/or voluntarily agreed to waive and/or reimburse a portion of each Fund’s expenses. Without such waiver(s) and/or reimbursement(s), each Fund’s performance would have been lower. With respect to each Fund’s voluntary waiver(s), if any, the Manager is under no obligation to waive and/or reimburse or to continue waiving and/or reimbursing its fees and such voluntary waiver(s) may be reduced or discontinued at any time. With respect to each Fund’s contractual waiver(s), if any, the Manager is under no obligation to continue waiving and/or reimbursing its fees after the applicable termination date of such agreement. See the Notes to Financial Statements for additional information on waivers and/or reimbursements.

Shareholders of each Fund may incur the following charges: (a) transactional expenses; and (b) operating expenses, including investment advisory fees, service and distribution fees, including 12b-1 fees, acquired fund fees and expenses, and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested on February 1, 2021 and held through July 31, 2021) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other mutual funds.

The expense examples provide information about actual account values and actual expenses. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number corresponding to their Fund and share class under the heading entitled “Expenses Paid During the Period.”

The expense examples also provide information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in these Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in shareholder reports of other funds.

The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect transactional expenses, such as sales charges, if any. Therefore, the hypothetical examples are useful in comparing ongoing expenses only, and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.

The Funds may invest in various derivative financial instruments. These instruments are used to obtain exposure to a security, commodity, index, market, and/or other assets without owning or taking physical custody of securities, commodities and/or other referenced assets or to manage market, equity, credit, interest rate, foreign currency exchange rate, commodity and/or other risks. Derivative financial instruments may give rise to a form of economic leverage and involve risks, including the imperfect correlation between the value of a derivative financial instrument and the underlying asset, possible default of the counterparty to the transaction or illiquidity of the instrument. The Funds’ successful use of a derivative financial instrument depends on the investment adviser’s ability to predict pertinent market movements accurately, which cannot be assured. The use of these instruments may result in losses greater than if they had not been used, may limit the amount of appreciation a Fund can realize on an investment and/or may result in lower distributions paid to shareholders. The Funds’ investments in these instruments, if any, are discussed in detail in the Notes to Financial Statements.


Security	Shares		Value

Common Stocks

Aerospace & Defense — 1.3%
Axon Enterprise, Inc.^(a)		9,714	$	1,806,998
BWX Technologies, Inc.		14,270		819,526
Curtiss-Wright Corp.		6,029		713,231
HEICO Corp.		6,722		909,151
HEICO Corp., Class A		12,112		1,469,064
Hexcel Corp.^(a)		12,810		697,120
Howmet Aerospace, Inc.^(a)		59,580		1,955,416
Huntington Ingalls Industries, Inc.		6,079		1,246,985
Mercury Systems, Inc.^(a)		8,280		546,480
Spirit AeroSystems Holdings, Inc., Class A		15,691		678,008
Teledyne Technologies, Inc.^(a)		7,019		3,177,993
Textron, Inc.		34,069		2,351,102
TransDigm Group, Inc.^(a)		7,861		5,039,608
Virgin Galactic Holdings Inc.^(a)(b)		22,894		686,591

				22,097,273

Air Freight & Logistics — 0.4%
C.H. Robinson Worldwide, Inc.		20,091		1,791,515
Expeditors International of Washington, Inc.		25,700		3,296,025
XPO Logistics, Inc.^(a)		14,815		2,054,692

				7,142,232

Airlines^(a)— 0.9%
Alaska Air Group, Inc.		18,918		1,097,812
American Airlines Group, Inc.		97,939		1,995,997
Copa Holdings SA, Class A		4,739		336,043
Delta Air Lines, Inc.		97,196		3,878,120
JetBlue Airways Corp.		47,112		696,786
Southwest Airlines Co.		89,847		4,539,070
United Airlines Holdings, Inc.		49,257		2,301,287

				14,845,115

Auto Components — 0.7%
Aptiv PLC^(a)		41,045		6,848,358
BorgWarner, Inc.		36,541		1,789,778
Gentex Corp.		37,010		1,259,450
Lear Corp.		9,030		1,580,070
QuantumScape Corp.^(a)(b)		17,209		394,258

				11,871,914

Automobiles — 0.1%
Harley-Davidson, Inc.		23,238		920,689
Thor Industries, Inc.		7,997		946,525

				1,867,214

Banks — 2.9%
Bank of Hawaii Corp.		5,933		496,651
Bank OZK		18,508		753,461
BOK Financial Corp.		4,776		401,232
Citizens Financial Group, Inc.		64,024		2,699,252
Comerica, Inc.		21,402		1,469,461
Commerce Bancshares, Inc.		15,895		1,124,253
Cullen/Frost Bankers, Inc.		8,900		955,148
East West Bancorp, Inc.		21,581		1,535,488
Fifth Third Bancorp		106,718		3,872,796
First Citizens BancShares, Inc., Class A		950		743,461
First Hawaiian, Inc.		19,434		535,018
First Horizon Corp.		84,282		1,302,157
First Republic Bank		26,667		5,200,598
FNB Corp.		49,951		572,438
Huntington Bancshares, Inc.		223,868		3,152,061
KeyCorp		148,198		2,913,573
M&T Bank Corp.		19,509		2,611,280


Security	Shares		Value

Banks (continued)
PacWest Bancorp		17,739	$	706,367
People’s United Financial, Inc.		63,663		999,509
Pinnacle Financial Partners, Inc.		11,119		996,374
Popular, Inc.		12,438		904,989
Prosperity Bancshares, Inc.		13,437		916,269
Regions Financial Corp.		146,207		2,814,485
Signature Bank		8,570		1,945,133
Sterling Bancorp		29,158		633,020
SVB Financial Group^(a)		8,504		4,676,860
Synovus Financial Corp.		21,994		899,555
Umpqua Holdings Corp.		33,306		628,484
Webster Financial Corp.		13,473		648,051
Western Alliance Bancorp		15,204		1,411,235
Wintrust Financial Corp.		8,473		604,972
Zions Bancorp NA		24,884		1,297,701

				50,421,332

Beverages — 0.3%
Boston Beer Co., Inc., Class A^(a)(b)		1,424		1,011,040
Brown-Forman Corp., Class A		6,869		459,467
Brown-Forman Corp., Class B		27,668		1,962,215
Molson Coors Beverage Co., Class B^(a)		26,873		1,313,821

				4,746,543

Biotechnology^(a)— 1.7%
Acceleron Pharma, Inc.		8,140		1,017,988
Alnylam Pharmaceuticals, Inc.		17,890		3,201,237
BioMarin Pharmaceutical, Inc.		27,736		2,128,183
CureVac NV^(b)		7,861		387,233
Exact Sciences Corp.		26,068		2,811,173
Exelixis, Inc.		45,807		771,848
Horizon Therapeutics PLC		33,194		3,320,064
Incyte Corp.		27,931		2,160,463
Ionis Pharmaceuticals, Inc.		20,952		778,157
Iovance Biotherapeutics, Inc.		22,605		503,413
Mirati Therapeutics, Inc.		6,125		980,368
Natera, Inc.		12,014		1,375,843
Neurocrine Biosciences, Inc.		14,357		1,338,216
Novavax, Inc.^(b)		11,167		2,002,578
Sage Therapeutics, Inc.		7,702		336,808
Sarepta Therapeutics, Inc.		11,326		767,676
Seagen, Inc.		20,420		3,132,224
Ultragenyx Pharmaceutical, Inc.		10,142		809,636
United Therapeutics Corp.		6,793		1,235,851

				29,058,959

Building Products — 1.9%
A O Smith Corp.		19,965		1,404,138
Advanced Drainage Systems, Inc.		8,748		1,068,043
Allegion plc		13,659		1,865,819
Armstrong World Industries, Inc.		7,281		787,659
AZEK Co., Inc.^(a)		16,218		589,849
Builders FirstSource, Inc.^(a)		31,459		1,399,926
Carlisle Cos., Inc.		7,859		1,589,404
Carrier Global Corp.		132,263		7,307,531
Fortune Brands Home & Security, Inc.		21,008		2,047,650
Lennox International, Inc.		5,201		1,713,365
Masco Corp.		38,227		2,282,534
Owens Corning		15,966		1,535,291
Trane Technologies PLC		36,304		7,391,857
Trex Co., Inc.^(a)		17,635		1,712,359

				32,695,425

Capital Markets — 3.7%
Affiliated Managers Group, Inc.		6,426		1,018,135


Security	Shares		Value

Capital Markets (continued)
Ameriprise Financial, Inc.		17,728	$	4,566,024
Apollo Global Management, Inc.		27,237		1,603,170
Ares Management Corp., Class A		21,146		1,514,265
Carlyle Group, Inc.		25,092		1,266,393
Cboe Global Markets, Inc.		16,172		1,915,897
Evercore, Inc., Class A		6,319		835,372
FactSet Research Systems, Inc.		5,732		2,047,929
Franklin Resources, Inc.		44,563		1,316,837
Interactive Brokers Group, Inc., Class A		11,881		734,959
Invesco Ltd.		51,256		1,249,621
Janus Henderson Group PLC		21,788		911,610
Jefferies Financial Group, Inc.		33,222		1,102,638
KKR & Co., Inc.		83,676		5,335,182
Lazard Ltd., Class A		15,385		726,172
LPL Financial Holdings, Inc.		12,151		1,713,777
MarketAxess Holdings, Inc.		5,711		2,713,696
Morningstar, Inc.		3,666		926,142
MSCI, Inc.		12,197		7,268,924
Nasdaq, Inc.		17,419		3,252,650
Northern Trust Corp.		31,283		3,530,286
Raymond James Financial, Inc.		18,719		2,423,736
SEI Investments Co.		17,019		1,034,755
State Street Corp.		52,861		4,606,307
Stifel Financial Corp.		15,097		1,004,554
T. Rowe Price Group, Inc.		34,268		6,996,155
Tradeweb Markets, Inc., Class A		16,107		1,396,960
Virtu Financial, Inc., Class A		13,809		355,444

				63,367,590

Chemicals — 2.6%
Albemarle Corp.		17,731		3,653,295
Ashland Global Holdings, Inc.		8,300		706,081
Axalta Coating Systems Ltd.^(a)		31,790		956,879
Celanese Corp.		17,132		2,668,652
CF Industries Holdings, Inc.		32,718		1,545,926
Chemours Co.		24,746		822,805
Corteva, Inc.		112,267		4,802,782
Diversey Holdings Ltd.^(a)		7,589		126,585
Eastman Chemical Co.		20,647		2,327,330
Element Solutions, Inc.		34,491		806,744
FMC Corp.		19,592		2,095,364
Huntsman Corp.		32,509		858,563
International Flavors & Fragrances, Inc.		37,882		5,706,544
LyondellBasell Industries NV, Class A		39,978		3,971,015
Mosaic Co.		52,217		1,630,737
NewMarket Corp.		1,062		335,496
Olin Corp.		21,460		1,009,264
PPG Industries, Inc.		36,005		5,887,538
RPM International, Inc.		19,477		1,686,513
Scotts Miracle-Gro Co.		6,377		1,128,474
Valvoline, Inc.		27,415		841,092
Westlake Chemical Corp.		5,077		420,985
WR Grace & Co.		8,447		587,911

				44,576,575

Commercial Services & Supplies — 1.1%
ADT, Inc.		22,643		237,525
Cintas Corp.		13,556		5,343,504
Clean Harbors, Inc.^(a)		7,748		736,060
Copart, Inc.^(a)(b)		31,793		4,673,571
Driven Brands Holdings, Inc.^(a)		5,528		175,901
IAA, Inc.^(a)		20,213		1,222,482
MSA Safety, Inc.		5,446		895,758


Security	Shares		Value

Commercial Services & Supplies (continued)
Republic Services, Inc.		31,956	$	3,782,312
Rollins, Inc.		34,657		1,328,403
Stericycle, Inc.^(a)		14,258		1,005,902

				19,401,418

Communications Equipment — 0.9%
Arista Networks, Inc.^(a)		9,157		3,483,231
Ciena Corp.^(a)		23,941		1,391,930
CommScope Holding Co., Inc.^(a)		29,405		622,210
F5 Networks, Inc.^(a)		9,078		1,874,698
Juniper Networks, Inc.		49,541		1,394,084
Lumentum Holdings, Inc.^(a)		11,404		957,822
Motorola Solutions, Inc.		25,276		5,659,802
Ubiquiti, Inc.		971		304,020
ViaSat, Inc.^(a)		9,787		485,826

				16,173,623

Construction & Engineering — 0.3%
AECOM^(a)		21,227		1,336,452
MasTec, Inc.^(a)		8,307		840,918
Quanta Services, Inc.		21,044		1,912,899
Valmont Industries, Inc.		3,153		747,103

				4,837,372

Construction Materials — 0.5%
Eagle Materials, Inc.		6,219		878,869
Martin Marietta Materials, Inc.		9,477		3,442,994
Vulcan Materials Co.		20,113		3,620,139

				7,942,002

Consumer Finance — 0.9%
Ally Financial, Inc.		56,747		2,914,526
Credit Acceptance Corp.^(a)(b)		1,410		683,526
Discover Financial Services		46,341		5,761,113
OneMain Holdings, Inc.		13,216		806,176
Santander Consumer USA Holdings, Inc.		8,919		365,947
SLM Corp.		47,627		896,816
Synchrony Financial		88,250		4,149,515
Upstart Holdings Inc^(a)		2,082		251,422

				15,829,041

Containers & Packaging — 1.4%
Amcor PLC		232,126		2,683,377
AptarGroup, Inc.		10,010		1,290,489
Ardagh Group SA		2,789		65,123
Avery Dennison Corp.		12,585		2,651,408
Ball Corp.		48,889		3,954,142
Berry Global Group, Inc.^(a)		20,269		1,303,094
Crown Holdings, Inc.		19,722		1,967,467
Graphic Packaging Holding Co.		43,515		834,183
International Paper Co.		59,573		3,440,936
Packaging Corp. of America		14,257		2,017,365
Sealed Air Corp.		23,398		1,327,836
Silgan Holdings, Inc.		13,001		526,801
Sonoco Products Co.		15,012		957,615
Westrock Co.		39,584		1,947,929

				24,967,765

Distributors — 0.4%
Genuine Parts Co.		21,667		2,749,975
LKQ Corp.^(a)		42,529		2,158,347
Pool Corp.		5,863		2,801,459

				7,709,781

Diversified Consumer Services — 0.5%
Bright Horizons Family Solutions, Inc.^(a)		9,345		1,397,078


Security	Shares		Value

Diversified Consumer Services (continued)
Chegg, Inc.^(a)		21,333	$	1,890,744
frontdoor, Inc.^(a)		12,792		626,040
Grand Canyon Education, Inc.^(a)		7,137		659,245
H&R Block, Inc.		27,824		683,079
Service Corp. International		25,094		1,568,124
Terminix Global Holdings, Inc.^(a)		19,850		1,042,125

				7,866,435

Diversified Financial Services — 0.2%
Equitable Holdings, Inc.		58,488		1,805,525
Voya Financial, Inc.		18,606		1,198,226

				3,003,751

Diversified Telecommunication Services — 0.1%
Lumen Technologies, Inc.		167,404		2,087,528


Electric Utilities — 2.0%
Alliant Energy Corp.		38,047		2,226,891
Avangrid, Inc.		8,438		439,957
Edison International		56,913		3,101,759
Entergy Corp.		30,480		3,137,002
Evergy, Inc.		34,777		2,268,156
Eversource Energy		52,209		4,504,070
FirstEnergy Corp.		83,030		3,181,710
Hawaiian Electric Industries, Inc.		16,144		699,681
IDACORP, Inc.		7,694		811,332
NRG Energy, Inc.		36,590		1,508,972
OGE Energy Corp.		30,018		1,013,108
PG&E Corp.^(a)		229,677		2,018,861
Pinnacle West Capital Corp.		17,286		1,444,245
PPL Corp.		117,490		3,333,191
Xcel Energy, Inc.		81,898		5,589,538

				35,278,473

Electrical Equipment — 1.5%
Acuity Brands, Inc.		5,379		943,369
AMETEK, Inc.		35,065		4,875,788
ChargePoint Holdings, Inc.^(a)		20,477		484,281
Generac Holdings, Inc.^(a)		9,326		3,910,952
Hubbell, Inc.		8,271		1,658,005
nVent Electric PLC		24,991		789,966
Plug Power, Inc.^(a)		76,102		2,076,063
Regal Beloit Corp.		6,075		894,422
Rockwell Automation, Inc.		17,655		5,427,500
Sensata Technologies Holding PLC^(a)		23,228		1,361,625
Shoals Technologies Group, Inc., Class A^(a)		15,257		443,826
Sunrun, Inc.^(a)(b)		30,465		1,613,731
Vertiv Holdings Co.		43,455		1,218,478

				25,698,006

Electronic Equipment, Instruments & Components — 2.2%
Amphenol Corp., Class A		88,822		6,438,707
Arrow Electronics, Inc.^(a)		11,314		1,341,501
Avnet, Inc.		14,877		614,718
CDW Corp.		21,283		3,902,238
Cognex Corp.		25,996		2,350,298
Coherent, Inc.^(a)		3,684		906,043
Corning, Inc.		115,738		4,844,793
IPG Photonics Corp.^(a)		5,577		1,216,678
Jabil, Inc.		22,143		1,318,394
Keysight Technologies, Inc.^(a)		28,196		4,639,652
Littelfuse, Inc.		3,584		953,308
National Instruments Corp.		19,658		867,114
SYNNEX Corp.		6,339		757,764


Security	Shares		Value

Electronic Equipment, Instruments & Components (continued)
Trimble, Inc.^(a)(b)		38,229	$	3,268,580
Vontier Corp.		26,571		859,572
Zebra Technologies Corp., Class A^(a)		8,096		4,472,878

				38,752,238

Energy Equipment & Services — 0.3%
Baker Hughes Co.		112,096		2,380,919
Halliburton Co.		135,841		2,809,192
NOV, Inc.^(a)		58,014		801,173

				5,991,284

Entertainment — 1.3%
Liberty Media Corp.-Liberty Formula One, Class A^(a)		3,867		160,326
Liberty Media Corp.-Liberty Formula One, Class C^(a)		29,882		1,402,362
Live Nation Entertainment, Inc.^(a)		20,512		1,618,192
Madison Square Garden Sports Corp.^(a)		2,832		460,880
Playtika Holding Corp.^(a)		11,470		254,978
Roku, Inc.^(a)		17,526		7,506,561
Skillz, Inc.^(a)(b)		43,579		613,592
Spotify Technology SA^(a)		20,784		4,752,677
Take-Two Interactive Software, Inc.^(a)		17,461		3,028,087
World Wrestling Entertainment, Inc., Class A		6,782		334,895
Zynga, Inc., Class A^(a)		152,705		1,542,321

				21,674,871

Equity Real Estate Investment Trusts (REITs) — 7.1%
Alexandria Real Estate Equities, Inc.		22,245		4,478,808
American Campus Communities, Inc.		20,914		1,052,183
American Homes 4 Rent, Class A		42,296		1,776,432
Americold Realty Trust		38,310		1,488,343
Apartment Income REIT Corp.		23,302		1,226,617
AvalonBay Communities, Inc.		21,201		4,830,224
Boston Properties, Inc.		23,740		2,786,601
Brixmor Property Group, Inc.		44,465		1,023,584
Camden Property Trust		14,366		2,146,137
CoreSite Realty Corp.		6,370		880,398
Cousins Properties, Inc.		21,934		871,218
CubeSmart		30,122		1,495,859
CyrusOne, Inc.		18,801		1,339,947
Douglas Emmett, Inc.		25,523		852,468
Duke Realty Corp.		56,920		2,896,090
EPR Properties		11,336		570,201
Equity LifeStyle Properties, Inc.		26,420		2,213,996
Equity Residential		56,054		4,715,823
Essex Property Trust, Inc.		9,884		3,242,940
Extra Space Storage, Inc.		19,945		3,473,222
Federal Realty Investment Trust		11,857		1,393,553
First Industrial Realty Trust, Inc.		19,272		1,055,720
Gaming and Leisure Properties, Inc.		33,699		1,595,311
Healthcare Trust of America, Inc., Class A		33,230		950,046
Healthpeak Properties, Inc.		81,979		3,030,764
Highwoods Properties, Inc.		15,437		736,191
Host Hotels & Resorts, Inc.^(a)		106,658		1,699,062
Hudson Pacific Properties, Inc.		22,892		624,036
Invitation Homes, Inc.		86,422		3,515,647
Iron Mountain, Inc.		43,561		1,906,229
JBG SMITH Properties		18,580		606,265
Kilroy Realty Corp.		17,550		1,215,688
Kimco Realty Corp.		62,240		1,327,579
Lamar Advertising Co., Class A		12,956		1,381,110
Life Storage, Inc.		11,590		1,360,202
Medical Properties Trust, Inc.		88,176		1,854,341
Mid-America Apartment Communities, Inc.		17,393		3,358,588


Security	Shares		Value

Equity Real Estate Investment Trusts (REITs) (continued)
National Retail Properties, Inc.		26,042	$	1,272,673
Omega Healthcare Investors, Inc.		35,675		1,294,289
Park Hotels & Resorts, Inc.^(a)		35,205		651,293
Rayonier, Inc.		21,641		816,082
Realty Income Corp.		56,835		3,994,932
Regency Centers Corp.		25,775		1,685,943
Rexford Industrial Realty, Inc.		20,577		1,265,897
SBA Communications Corp.		16,475		5,617,810
Simon Property Group, Inc.		49,611		6,276,784
SL Green Realty Corp.		10,575		787,415
Spirit Realty Capital, Inc.		17,182		862,880
STORE Capital Corp.		37,493		1,356,872
Sun Communities, Inc.		16,806		3,295,825
UDR, Inc.		44,905		2,469,326
Ventas, Inc.		57,069		3,411,585
VEREIT, Inc.		35,019		1,714,880
VICI Properties, Inc.		82,528		2,574,048
Vornado Realty Trust		27,110		1,179,285
Weingarten Realty Investors		18,537		596,706
Welltower, Inc.		63,531		5,518,303
Weyerhaeuser Co.		113,957		3,843,770
WP Carey, Inc.		26,710		2,155,230

				123,613,251

Food & Staples Retailing — 0.4%
Albertsons Cos., Inc., Class A^(b)		23,345		504,252
Casey’s General Stores, Inc.		5,572		1,101,640
Grocery Outlet Holding Corp.^(a)(b)		12,929		428,208
Kroger Co.		113,731		4,628,852
US Foods Holding Corp.^(a)		33,071		1,135,658

				7,798,610

Food Products — 2.1%
Archer-Daniels-Midland Co.		84,694		5,057,926
Beyond Meat, Inc.^(a)		8,876		1,089,085
Bunge Ltd.		20,904		1,622,778
Campbell Soup Co.		30,020		1,312,474
Conagra Brands, Inc.		70,686		2,367,274
Darling Ingredients, Inc.^(a)		24,661		1,703,335
Flowers Foods, Inc.		27,630		650,963
Freshpet, Inc.^(a)		6,361		931,568
Hain Celestial Group, Inc.^(a)		12,622		503,744
Hershey Co.		22,254		3,980,796
Hormel Foods Corp.		43,011		1,994,850
Ingredion, Inc.		10,071		884,335
J.M. Smucker Co.		16,134		2,115,329
Kellogg Co.		37,995		2,407,363
Lamb Weston Holdings, Inc.		22,282		1,487,769
McCormick & Co., Inc.		38,058		3,203,342
Pilgrim’s Pride Corp.^(a)		7,712		170,821
Post Holdings, Inc.^(a)		9,079		929,145
Seaboard Corp.		39		160,290
Tyson Foods, Inc., Class A		43,866		3,134,664

				35,707,851

Gas Utilities — 0.2%
Atmos Energy Corp.		19,545		1,926,941
National Fuel Gas Co.		13,311		684,585
UGI Corp.		31,326		1,440,683

				4,052,209

Health Care Equipment & Supplies — 3.7%
ABIOMED, Inc.^(a)		6,739		2,204,596
Cooper Cos., Inc.		7,403		3,122,363


Security	Shares		Value

Health Care Equipment & Supplies (continued)
DENTSPLY SIRONA, Inc.		33,044	$	2,182,226
DexCom, Inc.^(a)		14,663		7,558,923
Envista Holdings Corp.^(a)		24,019		1,034,739
Globus Medical, Inc., Class A^(a)		12,005		998,456
Hill-Rom Holdings, Inc.		10,034		1,389,308
Hologic, Inc.^(a)		38,568		2,894,143
ICU Medical, Inc.^(a)		2,967		603,161
IDEXX Laboratories, Inc.^(a)		12,871		8,733,360
Insulet Corp.^(a)		10,141		2,836,336
Integra LifeSciences Holdings Corp.^(a)		10,741		777,541
Masimo Corp.^(a)		7,561		2,059,541
Novocure Ltd.^(a)		15,563		2,396,858
Penumbra, Inc.^(a)		5,135		1,367,091
Quidel Corp.^(a)(b)		5,610		793,647
ResMed, Inc.		21,883		5,947,799
STERIS PLC		15,030		3,275,788
Tandem Diabetes Care, Inc.^(a)		9,071		985,746
Teleflex, Inc.		7,108		2,824,932
West Pharmaceutical Services, Inc.		11,177		4,601,906
Zimmer Biomet Holdings, Inc.		31,751		5,188,748

				63,777,208

Health Care Providers & Services — 1.9%
Acadia Healthcare Co., Inc.^(a)		13,144		811,248
Agilon Health, Inc.^(a)(b)		7,418		272,908
Amedisys, Inc.^(a)(b)		4,941		1,287,723
AmerisourceBergen Corp.		22,327		2,727,690
Cardinal Health, Inc.		43,848		2,603,694
Chemed Corp.		2,330		1,109,127
DaVita, Inc.^(a)		10,792		1,297,738
Encompass Health Corp.		14,853		1,236,512
Guardant Health, Inc.^(a)		13,713		1,505,687
Henry Schein, Inc.^(a)		21,506		1,723,706
Laboratory Corp. of America Holdings^(a)		14,863		4,401,678
McKesson Corp.		24,252		4,943,285
Molina Healthcare, Inc.^(a)		8,769		2,394,025
Oak Street Health, Inc.^(a)		16,172		1,019,483
Premier, Inc., Class A		18,186		648,149
Quest Diagnostics, Inc.		19,636		2,784,385
Signify Health, Inc., Class A^(a)		3,373		88,777
Universal Health Services, Inc., Class B		11,452		1,837,015

				32,692,830

Health Care Technology — 0.9%
Cerner Corp.		45,843		3,685,319
Certara, Inc.^(a)(b)		4,750		129,247
Change Healthcare, Inc.^(a)		37,125		805,984
Teladoc Health, Inc.^(a)(b)		22,322		3,313,701
Veeva Systems, Inc., Class A^(a)		20,835		6,932,013

				14,866,264

Hotels, Restaurants & Leisure — 3.5%
Aramark		34,418		1,209,104
Boyd Gaming Corp.^(a)		12,147		692,379
Caesars Entertainment, Inc.^(a)		30,546		2,668,499
Carnival Corp.^(a)		130,233		2,819,544
Chipotle Mexican Grill, Inc.^(a)		4,268		7,953,162
Choice Hotels International, Inc.		5,236		627,796
Churchill Downs, Inc.		5,721		1,062,962
Darden Restaurants, Inc.		19,776		2,884,923
Domino’s Pizza, Inc.		5,883		3,091,458
DraftKings, Inc., Class A^(a)		45,837		2,223,095
Expedia Group, Inc.^(a)		21,468		3,453,557
Hilton Worldwide Holdings, Inc.^(a)		41,672		5,477,784


Security	Shares		Value

Hotels, Restaurants & Leisure (continued)
Hyatt Hotels Corp., Class A^(a)		6,017	$	480,578
Marriott Vacations Worldwide Corp.^(a)		6,490		956,431
MGM Resorts International		61,564		2,310,497
Norwegian Cruise Line Holdings Ltd.^(a)(b)		56,608		1,360,290
Penn National Gaming, Inc.^(a)		23,807		1,627,923
Planet Fitness, Inc., Class A^(a)		13,018		979,344
Royal Caribbean Cruises Ltd.^(a)		33,328		2,561,923
Six Flags Entertainment Corp.^(a)		11,490		477,410
Travel + Leisure Co.		12,709		658,326
Vail Resorts, Inc.^(a)		6,070		1,852,564
Wendy’s Co.		27,443		636,952
Wyndham Hotels & Resorts, Inc.		13,777		992,771
Wynn Resorts Ltd.^(a)		16,109		1,583,998
Yum China Holdings, Inc.		64,007		3,980,595
Yum! Brands, Inc.		45,374		5,961,690

				60,585,555

Household Durables — 1.6%
D.R. Horton, Inc.		50,585		4,827,327
Garmin Ltd.		23,039		3,621,731
Leggett & Platt, Inc.		19,675		944,990
Lennar Corp., B Shares		2,355		203,354
Lennar Corp., Class A		41,279		4,340,487
Mohawk Industries, Inc.^(a)		8,641		1,684,131
Newell Brands, Inc.		58,163		1,439,534
NVR, Inc.^(a)		502		2,621,745
PulteGroup, Inc.		39,833		2,185,637
Tempur Sealy International, Inc.		28,213		1,220,777
Toll Brothers, Inc.		16,890		1,001,070
TopBuild Corp.^(a)		5,144		1,042,637
Whirlpool Corp.		9,318		2,064,310

				27,197,730

Household Products — 0.4%
Church & Dwight Co., Inc.		37,505		3,247,183
Clorox Co.		18,951		3,428,046
Reynolds Consumer Products Inc.		7,291		207,429
Spectrum Brands Holdings, Inc.		6,291		549,519

				7,432,177

Independent Power and Renewable Electricity Producers — 0.3%
AES Corp.		100,442		2,380,475
Brookfield Renewable Corp., Class A		18,899		802,074
Vistra Corp.		73,379		1,405,208

				4,587,757

Insurance — 3.6%
Aflac, Inc.		102,148		5,618,140
Alleghany Corp.^(a)		2,076		1,376,596
American Financial Group, Inc.		10,435		1,319,923
Arch Capital Group Ltd.^(a)		59,096		2,304,744
Arthur J. Gallagher & Co.		30,768		4,286,290
Assurant, Inc.		9,183		1,449,169
Assured Guaranty Ltd.		10,158		485,654
Athene Holding Ltd., Class A^(a)		17,883		1,155,599
Axis Capital Holdings Ltd.		11,460		582,970
Brighthouse Financial, Inc.^(a)		13,282		571,923
Brown & Brown, Inc.		35,580		1,935,552
Cincinnati Financial Corp.		23,003		2,711,594
CNA Financial Corp.		4,144		182,377
Erie Indemnity Co., Class A		3,768		696,666
Everest Re Group Ltd.		6,076		1,536,195
Fidelity National Financial, Inc.		42,017		1,874,378
First American Financial Corp.		15,476		1,041,690


Security	Shares		Value

Insurance (continued)
Globe Life, Inc.		15,558	$	1,448,605
GoHealth, Inc., Class A^(a)		5,606		49,333
Hanover Insurance Group, Inc.		5,462		742,286
Hartford Financial Services Group, Inc.		54,344		3,457,365
Kemper Corp.		9,286		612,969
Lemonade, Inc.^(a)		5,654		492,237
Lincoln National Corp.		28,882		1,779,709
Loews Corp.		33,695		1,807,063
Markel Corp.^(a)		2,081		2,510,040
Mercury General Corp.		4,206		255,851
Old Republic International Corp.		42,689		1,052,711
Primerica, Inc.		5,896		862,113
Principal Financial Group, Inc.		40,503		2,516,451
Prudential Financial, Inc.		59,989		6,015,697
Reinsurance Group of America, Inc.		10,235		1,127,692
RenaissanceRe Holdings Ltd.		7,603		1,160,902
Unum Group		30,603		838,522
W.R. Berkley Corp.		21,103		1,544,107
White Mountains Insurance Group Ltd.		460		520,522
Willis Towers Watson PLC		19,535		4,025,773

				61,949,408

Interactive Media & Services^(a)— 1.5%
IAC/InterActiveCorp		11,754		1,613,707
Match Group, Inc.		41,035		6,535,644
Pinterest, Inc., Class A		83,138		4,896,828
TripAdvisor, Inc.		15,165		575,512
Twitter, Inc.		118,647		8,275,628
Vimeo, Inc.		18,490		828,352
Zillow Group, Inc., Class A		8,821		944,994
Zillow Group, Inc., Class C		25,111		2,668,295

				26,338,960

Internet & Direct Marketing Retail — 0.5%
DoorDash, Inc., Class A^(a)		12,752		2,222,546
Etsy, Inc.^(a)		19,259		3,534,219
Qurate Retail, Inc., Series A		58,559		694,510
Wayfair, Inc., Class A^(a)(b)		11,483		2,771,537

				9,222,812

IT Services — 3.3%
Akamai Technologies, Inc.^(a)		24,615		2,951,831
Alliance Data Systems Corp.		7,563		705,250
Amdocs Ltd.		19,797		1,526,547
Broadridge Financial Solutions, Inc.		17,680		3,067,303
Concentrix Corp.^(a)		6,545		1,071,613
DXC Technology Co.^(a)		38,172		1,526,116
EPAM Systems, Inc.^(a)		8,183		4,580,843
Euronet Worldwide, Inc.^(a)		7,566		1,080,576
Fastly, Inc., Class A^(a)(b)		15,645		752,055
FleetCor Technologies, Inc.^(a)		12,445		3,213,548
Gartner, Inc.^(a)		12,767		3,379,808
Genpact Ltd.		28,139		1,401,604
Globant SA^(a)		6,017		1,439,026
GoDaddy, Inc., Class A^(a)		25,526		2,140,355
Jack Henry & Associates, Inc.		11,200		1,949,808
MongoDB, Inc.^(a)		8,099		2,906,893
Okta, Inc.^(a)		18,889		4,680,505
Paychex, Inc.		48,988		5,575,814
Paysafe Ltd.^(a)(b)		45,652		492,585
Sabre Corp.^(a)		47,785		563,385
Shift4 Payments, Inc., Class A^(a)		6,354		566,713
SolarWinds Corp.^(a)		10,330		116,109
StoneCo Ltd., Class A^(a)		33,493		1,970,728


Security	Shares		Value

IT Services (continued)
Switch, Inc., Class A		16,960	$	350,394
VeriSign, Inc.^(a)		15,007		3,247,065
Western Union Co.		62,608		1,453,132
WEX, Inc.^(a)(b)		6,886		1,306,481
Wix.com Ltd.^(a)		8,047		2,403,156

				56,419,243

Leisure Products — 0.7%
Brunswick Corp.		11,847		1,236,827
Hasbro, Inc.		19,472		1,936,296
Hayward Holdings, Inc.^(a)		5,677		136,759
Mattel, Inc.^(a)		54,338		1,180,221
Peloton Interactive, Inc., Class A^(a)		40,152		4,739,944
Polaris, Inc.		8,913		1,168,227
YETI Holdings, Inc.^(a)		13,198		1,271,363

				11,669,637

Life Sciences Tools & Services — 2.8%
10X Genomics, Inc., Class A^(a)		12,715		2,329,769
Adaptive Biotechnologies Corp.^(a)		16,104		590,373
Agilent Technologies, Inc.		46,280		7,091,484
Avantor, Inc.^(a)		88,401		3,322,110
Bio-Rad Laboratories, Inc., Class A^(a)		3,226		2,385,659
Bio-Techne Corp.		5,937		2,863,059
Bruker Corp.		15,490		1,274,052
Charles River Laboratories International, Inc.^(a)		7,585		3,086,488
IQVIA Holdings, Inc.^(a)		29,010		7,185,777
Maravai LifeSciences Holdings, Inc., Class A^(a)		11,167		491,013
Mettler-Toledo International, Inc.^(a)		3,491		5,144,722
PerkinElmer, Inc.		17,187		3,131,987
PPD, Inc.^(a)		24,804		1,143,960
QIAGEN NV^(a)		34,577		1,825,320
Repligen Corp.^(a)		8,344		2,050,121
Sotera Health Co.^(a)		11,854		280,940
Syneos Health, Inc.^(a)		15,655		1,403,784
Waters Corp.^(a)		9,306		3,627,572

				49,228,190

Machinery — 3.9%
AGCO Corp.		9,297		1,228,227
Allison Transmission Holdings, Inc.		16,851		672,523
Colfax Corp.^(a)		17,739		813,865
Crane Co.		7,427		722,127
Cummins, Inc.		22,222		5,157,726
Donaldson Co., Inc.		19,119		1,265,487
Dover Corp.		21,824		3,647,227
Flowserve Corp.		19,468		819,408
Fortive Corp.		49,738		3,613,963
Gates Industrial Corp. PLC^(a)		10,037		181,770
Graco, Inc.		25,526		1,993,070
IDEX Corp.		11,547		2,617,590
Ingersoll Rand, Inc.^(a)(b)		56,529		2,762,572
ITT, Inc.		13,011		1,273,907
Lincoln Electric Holdings, Inc.		8,581		1,196,449
Middleby Corp.^(a)		8,287		1,586,878
Nordson Corp.		8,826		1,995,823
Oshkosh Corp.		10,194		1,218,693
Otis Worldwide Corp.		65,377		5,854,510
PACCAR, Inc.		51,827		4,301,123
Parker-Hannifin Corp.		19,567		6,105,491
Pentair PLC		25,209		1,857,147
Snap-on, Inc.		8,130		1,772,177
Stanley Black & Decker, Inc.		24,548		4,837,183


Security	Shares		Value

Machinery (continued)
Timken Co.		9,461	$	752,150
Toro Co.		16,359		1,860,673
Westinghouse Air Brake Technologies Corp.		27,576		2,340,375
Woodward, Inc.		8,907		1,082,735
Xylem, Inc.		27,281		3,433,314

				66,964,183

Marine — 0.0%
Kirby Corp.^(a)		9,154		530,108


Media — 1.6%
Altice USA, Inc., Class A^(a)		33,133		1,018,177
Cable One, Inc.		826		1,559,480
Discovery, Inc., Class A^(a)		25,161		729,921
Discovery, Inc., Class C^(a)		47,524		1,288,376
DISH Network Corp., Class A^(a)		37,278		1,561,575
Fox Corp., Class A		49,115		1,751,441
Fox Corp., Class B		22,407		744,809
Interpublic Group of Cos., Inc.		59,600		2,107,456
Liberty Broadband Corp., Class A^(a)		3,769		647,024
Liberty Broadband Corp., Class C^(a)		23,073		4,095,227
Liberty Media Corp. - Liberty SiriusXM, Class A^(a)		12,489		583,111
Liberty Media Corp. - Liberty SiriusXM, Class C^(a)		25,101		1,159,666
New York Times Co., Class A		24,508		1,072,960
News Corp., Class A		59,759		1,471,864
News Corp., Class B		18,510		435,170
Nexstar Media Group, Inc., Class A		6,422		944,484
Omnicom Group, Inc.		32,214		2,345,823
Sirius XM Holdings, Inc.^(b)		133,382		862,982
ViacomCBS, Inc., Class A		1,521		67,730
ViacomCBS, Inc., Class B		88,668		3,629,181

				28,076,457

Metals & Mining — 0.8%
Alcoa Corp.^(a)		28,993		1,164,069
Cleveland-Cliffs, Inc.^(a)(b)		69,819		1,745,475
Nucor Corp.		45,442		4,726,877
Reliance Steel & Aluminum Co.		9,559		1,502,197
Royal Gold, Inc.		9,852		1,197,215
Steel Dynamics, Inc.		30,549		1,968,883
United States Steel Corp.		41,758		1,105,752

				13,410,468

Mortgage Real Estate Investment Trusts (REITs) — 0.3%
AGNC Investment Corp.		80,694		1,280,614
Annaly Capital Management, Inc.		212,818		1,806,825
New Residential Investment Corp.		64,034		624,972
Starwood Property Trust, Inc.		42,917		1,117,129

				4,829,540

Multi-line Retail — 0.4%
Dollar Tree, Inc.^(a)		35,256		3,518,196
Kohl’s Corp.		24,179		1,228,293
Nordstrom, Inc.^(a)		16,504		546,282
Ollie’s Bargain Outlet Holdings, Inc.^(a)(b)		9,654		898,788

				6,191,559

Multi-Utilities — 1.6%
Ameren Corp.		38,841		3,259,537
CenterPoint Energy, Inc.		88,367		2,249,824
CMS Energy Corp.		43,958		2,716,165
Consolidated Edison, Inc.		52,239		3,853,671
DTE Energy Co.		29,398		3,448,973
MDU Resources Group, Inc.		29,902		948,491


Security	Shares		Value

Multi-Utilities (continued)
NiSource, Inc.		59,558	$	1,475,252
Public Service Enterprise Group, Inc.		76,712		4,773,788
WEC Energy Group, Inc.		48,001		4,518,814

				27,244,515

Oil, Gas & Consumable Fuels — 3.0%
Antero Midstream Corp.		49,469		469,955
APA Corp.		57,037		1,069,444
Cabot Oil & Gas Corp.		58,994		943,904
Cheniere Energy, Inc.^(a)		35,814		3,041,683
Cimarex Energy Co.		15,116		985,563
Continental Resources, Inc.^(b)		9,622		328,591
Devon Energy Corp.		103,490		2,674,182
Diamondback Energy, Inc.		27,467		2,118,530
DTE Midstream LLC^(a)		14,510		615,224
EQT Corp.^(a)		41,594		764,914
Hess Corp.		42,321		3,235,017
HollyFrontier Corp.		22,475		660,765
Marathon Oil Corp.		120,359		1,394,961
Marathon Petroleum Corp.		99,170		5,476,167
New Fortress Energy, Inc.		3,920		118,815
Occidental Petroleum Corp.		128,635		3,357,373
ONEOK, Inc.		67,473		3,506,572
Phillips 66		66,606		4,890,879
Pioneer Natural Resources Co.		32,830		4,772,497
Targa Resources Corp.		34,529		1,454,016
Texas Pacific Land Corp.		905		1,350,758
Valero Energy Corp.		62,105		4,159,172
Williams Cos., Inc.		184,914		4,632,096

				52,021,078

Paper & Forest Products — 0.0%
Louisiana-Pacific Corp.		15,083		836,202


Personal Products^(a)— 0.1%
Coty, Inc., Class A		43,960		383,771
Herbalife Nutrition Ltd.		15,890		809,436

				1,193,207

Pharmaceuticals — 0.8%
Catalent, Inc.^(a)		24,882		2,981,112
Elanco Animal Health, Inc.^(a)		67,684		2,468,436
Jazz Pharmaceuticals PLC^(a)		8,973		1,521,103
Nektar Therapeutics^(a)		25,951		409,766
Organon & Co.^(a)		39,175		1,136,467
Perrigo Co. PLC		20,565		987,737
Royalty Pharma PLC, Class A		49,449		1,888,952
Viatris, Inc.		182,174		2,563,188

				13,956,761

Professional Services — 2.3%
Booz Allen Hamilton Holding Corp.		20,651		1,772,062
CACI International, Inc., Class A^(a)		3,630		969,065
Clarivate PLC^(a)		62,989		1,436,149
CoStar Group, Inc.^(a)		59,575		5,293,239
Dun & Bradstreet Holdings, Inc.^(a)(b)		23,695		496,647
Equifax, Inc.		18,426		4,801,816
FTI Consulting, Inc.^(a)		4,883		711,453
IHS Markit Ltd.		56,786		6,634,876
Jacobs Engineering Group, Inc.		19,855		2,685,389
Leidos Holdings, Inc.		21,673		2,306,441
ManpowerGroup, Inc.		8,037		953,027
Nielsen Holdings PLC		53,709		1,272,366
Robert Half International, Inc.		16,841		1,653,955


Security	Shares		Value

Professional Services (continued)
Science Applications International Corp.		8,732	$	762,304
TransUnion		29,164		3,501,430
Verisk Analytics, Inc.		24,141		4,585,341

				39,835,560

Real Estate Management & Development^(a)— 0.5%
CBRE Group, Inc., Class A		50,783		4,898,528
Howard Hughes Corp.		6,362		589,821
Jones Lang LaSalle, Inc.		7,815		1,739,385
Opendoor Technologies Inc.		51,311		760,429

				7,988,163

Road & Rail — 0.9%
AMERCO		1,342		789,042
JB Hunt Transport Services, Inc.		12,783		2,153,296
Kansas City Southern		13,784		3,691,355
Knight-Swift Transportation Holdings, Inc.		24,843		1,234,449
Landstar System, Inc.		5,725		898,825
Lyft, Inc., Class A^(a)		42,337		2,342,083
Old Dominion Freight Line, Inc.		15,546		4,184,206
Ryder System, Inc.		8,030		611,485
Schneider National, Inc., Class B		8,900		199,716
TuSimple Holdings, Inc., Class A^(a)		5,304		195,187

				16,299,644

Semiconductors & Semiconductor Equipment — 3.1%
Allegro MicroSystems, Inc.^(a)		6,987		191,514
Brooks Automation, Inc.		10,833		964,245
Cirrus Logic, Inc.^(a)		8,620		711,926
Cree, Inc.^(a)		17,699		1,641,759
Enphase Energy, Inc.^(a)		20,055		3,802,428
Entegris, Inc.		20,470		2,469,501
First Solar, Inc.^(a)		16,290		1,401,592
Marvell Technology, Inc.		122,806		7,430,991
Maxim Integrated Products, Inc.		40,668		4,063,140
Microchip Technology, Inc.		37,961		5,432,978
MKS Instruments, Inc.		8,493		1,328,645
Monolithic Power Systems, Inc.		6,816		3,062,156
ON Semiconductor Corp.^(a)(b)		64,890		2,534,604
Qorvo, Inc.^(a)		17,221		3,264,929
Skyworks Solutions, Inc.		25,083		4,628,064
Teradyne, Inc.		25,350		3,219,450
Universal Display Corp.		6,466		1,516,212
Xilinx, Inc.		37,408		5,605,215

				53,269,349

Software — 8.0%
Alteryx, Inc., Class A^(a)		8,749		677,173
Anaplan, Inc.^(a)		21,174		1,211,153
ANSYS, Inc.^(a)		13,246		4,880,621
Aspen Technology, Inc.^(a)		10,178		1,488,634
Avalara, Inc.^(a)(b)		12,970		2,168,195
Bentley Systems, Inc., Class B^(b)		20,780		1,263,632
Bill.Com Holdings, Inc.^(a)		11,430		2,363,953
Black Knight, Inc.^(a)		23,130		1,915,395
C3.AI, Inc., Class A^(a)		3,156		158,905
Cadence Design Systems, Inc.^(a)		41,799		6,171,622
CDK Global, Inc.		18,696		897,221
Ceridian HCM Holding, Inc.^(a)		19,638		1,932,379
Citrix Systems, Inc.		18,832		1,897,324
Cloudflare, Inc., Class A^(a)		38,221		4,534,157
Coupa Software, Inc.^(a)		11,126		2,414,342
Crowdstrike Holdings, Inc., Class A^(a)		24,401		6,188,338
Datadog, Inc., Class A^(a)		34,464		3,815,165


Security	Shares		Value

Software (continued)
Datto Holding Corp.^(a)		3,423	$	89,306
DocuSign, Inc.^(a)		29,011		8,646,438
Dolby Laboratories, Inc., Class A		9,583		930,509
DoubleVerify Holdings, Inc.^(a)(b)		2,255		78,023
Dropbox, Inc., Class A^(a)		46,763		1,472,567
Duck Creek Technologies, Inc.^(a)		10,911		479,320
Dynatrace, Inc.^(a)		28,321		1,808,862
Elastic NV^(a)		10,281		1,522,205
Everbridge, Inc.^(a)		5,713		806,790
Fair Isaac Corp.^(a)		4,241		2,221,902
FireEye, Inc.^(a)		36,259		732,432
Five9, Inc.^(a)		10,154		2,043,899
Fortinet, Inc.^(a)		20,367		5,544,712
Guidewire Software, Inc.^(a)		12,616		1,453,363
HubSpot, Inc.^(a)		6,777		4,039,228
Jamf Holding Corp.^(a)(b)		7,827		256,804
Manhattan Associates, Inc.^(a)		9,515		1,518,879
McAfee Corp., Class A		6,983		189,030
Medallia, Inc.^(a)		15,324		519,024
N-Able, Inc.^(a)		5,165		71,277
nCino Inc.^(a)(b)		6,933		440,731
New Relic, Inc.^(a)		7,958		549,739
NortonLifeLock, Inc.		83,576		2,074,356
Nuance Communications, Inc.^(a)		43,325		2,378,542
Nutanix, Inc., Class A^(a)		29,790		1,073,036
Palantir Technologies, Inc., Class A^(a)		247,068		5,363,846
Palo Alto Networks, Inc.^(a)(b)		14,496		5,784,629
Paycom Software, Inc.^(a)		7,711		3,084,400
Paylocity Holding Corp.^(a)		5,740		1,190,820
Pegasystems, Inc.		6,386		815,109
Proofpoint, Inc.^(a)		8,683		1,516,573
PTC, Inc.^(a)		15,916		2,155,822
RingCentral, Inc., Class A^(a)(b)		12,219		3,265,772
Smartsheet, Inc., Class A^(a)		18,468		1,339,853
Splunk, Inc.^(a)		24,935		3,540,271
SS&C Technologies Holdings, Inc.		34,079		2,671,453
Synopsys, Inc.^(a)		23,077		6,645,945
Teradata Corp.^(a)		16,306		809,756
Trade Desk, Inc., Class A^(a)		65,158		5,337,092
Tyler Technologies, Inc.^(a)		6,156		3,032,692
Unity Software, Inc.^(a)(b)		22,375		2,396,810
Zendesk, Inc.^(a)		17,954		2,343,536
Zscaler, Inc.^(a)		11,855		2,796,713

				139,010,275

Specialty Retail — 3.1%
Advance Auto Parts, Inc.		9,943		2,108,512
AutoNation, Inc.^(a)		7,947		964,209
AutoZone, Inc.^(a)		3,348		5,435,712
Bath & Body Works, Inc.^(a)		35,909		2,875,234
Best Buy Co., Inc.		38,026		4,272,221
Burlington Stores, Inc.^(a)		10,091		3,378,467
CarMax, Inc.^(a)		24,846		3,328,122
Carvana Co.^(a)		11,726		3,958,228
Dick’s Sporting Goods, Inc.		9,332		971,834
Five Below, Inc.^(a)		8,415		1,636,044
Floor & Decor Holdings, Inc., Class A^(a)		15,494		1,890,423
Foot Locker, Inc.		13,283		757,928
GameStop Corp., Class A^(a)		8,756		1,410,767
Gap, Inc.		31,527		919,643


Security	Shares		Value

Specialty Retail (continued)
Leslie’s, Inc.^(a)		16,129	$	392,741
Lithia Motors, Inc.		4,417		1,666,181
O’Reilly Automotive, Inc.^(a)		10,491		6,334,885
Penske Automotive Group, Inc.		4,751		420,939
Petco Health & Wellness Co., Inc.^(a)		11,044		227,838
RH^(a)		2,610		1,733,249
Tractor Supply Co.		17,547		3,174,779
Ulta Beauty, Inc.^(a)		8,247		2,769,343
Vroom, Inc.^(a)		17,035		630,976
Williams-Sonoma, Inc.		11,410		1,730,897

				52,989,172

Technology Hardware, Storage & Peripherals — 0.9%
Hewlett Packard Enterprise Co.		197,721		2,866,954
HP, Inc.		189,725		5,477,361
NCR Corp.^(a)		19,485		865,134
NetApp, Inc.		33,841		2,693,405
Pure Storage, Inc., Class A^(a)		39,220		765,574
Western Digital Corp.^(a)		47,007		3,052,165
Xerox Holdings Corp.		22,661		546,810

				16,267,403

Textiles, Apparel & Luxury Goods — 1.3%
Capri Holdings Ltd.^(a)		22,349		1,258,472
Carter’s, Inc.		6,498		635,114
Columbia Sportswear Co.		5,908		588,555
Deckers Outdoor Corp.^(a)		4,255		1,748,167
Hanesbrands, Inc.		52,138		952,040
Lululemon Athletica, Inc.^(a)(b)		17,347		6,941,749
PVH Corp.^(a)		11,066		1,157,725
Ralph Lauren Corp.		7,450		845,724
Skechers USA, Inc., Class A^(a)		20,010		1,074,137
Tapestry, Inc.^(a)		42,571		1,800,753
Under Armour, Inc., Class A^(a)(b)		28,340		579,553
Under Armour, Inc., Class C^(a)		30,311		531,049
VF Corp.		49,248		3,949,690

				22,062,728

Thrifts & Mortgage Finance — 0.1%
MGIC Investment Corp.		50,654		701,051
New York Community Bancorp, Inc.		68,820		810,700
Rocket Cos., Inc., Class A		20,023		345,197
TFS Financial Corp.		6,973		135,834
UWM Holdings Corp.^(b)		6,302		48,084

				2,040,866

Trading Companies & Distributors — 0.9%
Air Lease Corp.		15,938		675,134
Fastenal Co.		87,269		4,779,723
MSC Industrial Direct Co., Inc., Class A		6,810		607,248
SiteOne Landscape Supply, Inc.^(a)		6,812		1,190,601
United Rentals, Inc.^(a)		11,001		3,625,379
Univar Solutions, Inc.^(a)		25,626		628,862
W.W. Grainger, Inc.		7,089		3,151,628
Watsco, Inc.		4,905		1,385,368

				16,043,943


Security	Shares		Value

Water Utilities — 0.4%
American Water Works Co., Inc.		27,617	$	4,697,928
Essential Utilities, Inc.		34,228		1,681,279

				6,379,207


Total Common Stocks — 98.6% (Cost: $1,033,060,061)				1,704,483,840


Investment Companies

Equity Funds — 0.8%
iShares Russell Mid-Cap ETF^(c)		162,544		12,977,513


Total Investment Companies — 0.8% (Cost: $11,770,613)				12,977,513


Total Long-Term Investments — 99.4% (Cost: $1,044,830,674)				1,717,461,353


Short-Term Securities

Money Market Funds — 2.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.09%^(c)(d)(e)		28,664,086		28,678,418
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.01%^(c)(d)		11,820,501		11,820,501


Total Short-Term Securities — 2.3% (Cost: $40,490,824)				40,498,919


Total Investments — 101.7% (Cost: $1,085,321,498)				1,757,960,272

Liabilities in Excess of Other Assets — (1.7)%				(29,915,648	)


Net Assets — 100.0%			$	1,728,044,624

For Fund compliance purposes, the Fund’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

Investments in issuers considered to be affiliate(s) of the Fund during the year ended July 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the year ended July 31, 2021, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.


Security	Shares		Value

Common Stocks

Aerospace & Defense — 1.5%
AAR Corp.^(a)		2,798	$	100,056
Aerojet Rocketdyne Holdings, Inc.		5,078		239,580
AeroVironment, Inc.^(a)(b)		1,536		155,290
AerSale Corp.^(a)(b)		441		5,019
Astronics Corp.^(a)		1,486		25,381
Axon Enterprise, Inc.^(a)		4,564		848,995
BWX Technologies, Inc.		6,490		372,721
Byrna Technologies, Inc.^(a)		679		16,296
Curtiss-Wright Corp.		2,957		349,813
Ducommun, Inc.^(a)		742		40,031
Hexcel Corp.^(a)		6,104		332,180
Howmet Aerospace, Inc.^(a)		28,016		919,485
Huntington Ingalls Industries, Inc.		2,793		572,928
Kaman Corp.		2,369		105,065
Kratos Defense & Security Solutions, Inc.^(a)		8,304		225,869
Maxar Technologies, Inc.		4,864		176,417
Mercury Systems, Inc.^(a)		3,769		248,754
Moog, Inc., Class A		2,165		168,588
National Presto Industries, Inc.		341		32,900
PAE, Inc.^(a)		4,445		39,649
Park Aerospace Corp.		1,544		23,006
Parsons Corp.^(a)(b)		1,685		65,075
Spirit AeroSystems Holdings, Inc., Class A		7,880		340,495
Textron, Inc.^(b)		16,141		1,113,890
Triumph Group, Inc.^(a)		3,546		67,551
Vectrus, Inc.^(a)		714		32,337
Virgin Galactic Holdings Inc.^(a)(b)		10,574		317,114

				6,934,485

Air Freight & Logistics — 0.3%
Air Transport Services Group, Inc.^(a)		4,056		98,155
Atlas Air Worldwide Holdings, Inc.^(a)		1,956		130,993
Echo Global Logistics, Inc.^(a)		1,792		55,427
Forward Air Corp.		2,047		181,037
Hub Group, Inc., Class A^(a)		2,662		176,437
Radiant Logistics, Inc.^(a)		2,218		13,796
XPO Logistics, Inc.^(a)		6,625		918,821

				1,574,666

Airlines^(a)— 0.6%
Alaska Air Group, Inc.		8,757		508,169
Allegiant Travel Co.		1,095		208,181
American Airlines Group, Inc.		45,438		926,026
Copa Holdings SA, Class A		2,155		152,811
Frontier Group Holdings, Inc.		2,214		32,634
Hawaiian Holdings, Inc.		3,363		66,352
JetBlue Airways Corp.		23,063		341,102
Mesa Air Group, Inc.		2,366		21,105
SkyWest, Inc.		3,844		155,644
Spirit Airlines, Inc.		6,690		180,496
Sun Country Airlines Holdings, Inc.^(b)		1,103		35,837

				2,628,357

Auto Components — 1.1%
Adient PLC^(a)		6,693		281,976
American Axle & Manufacturing Holdings, Inc.^(a)		7,287		70,611
BorgWarner, Inc.		17,012		833,248
Cooper-Standard Holdings, Inc.^(a)		1,173		30,557
Dana, Inc.		10,405		251,385
Dorman Products, Inc.^(a)		1,778		179,845
Fox Factory Holding Corp.^(a)		3,011		486,397
Gentex Corp.		17,289		588,345


Security	Shares		Value

Auto Components (continued)
Gentherm, Inc.^(a)		2,460	$	204,008
Goodyear Tire & Rubber Co.^(a)		20,276		318,536
LCI Industries		1,686		245,852
Lear Corp.		4,274		747,864
Modine Manufacturing Co.^(a)		3,208		53,670
Motorcar Parts of America, Inc.^(a)(b)		1,186		26,377
Patrick Industries, Inc.		1,549		127,994
QuantumScape Corp.^(a)(b)		7,970		182,593
Standard Motor Products, Inc.		1,357		56,668
Stoneridge, Inc.^(a)		2,552		73,880
Tenneco, Inc., Class A^(a)		4,629		80,591
Visteon Corp.^(a)		1,986		226,503
XL Fleet Corp.^(a)(b)		2,492		17,394
XPEL Inc.^(a)		1,441		133,436

				5,217,730

Automobiles — 0.3%
Arcimoto, Inc.^(a)(b)		1,786		29,201
Canoo, Inc.^(a)(b)		5,183		42,138
Fisker, Inc.^(a)(b)		10,814		174,322
Harley-Davidson, Inc.		11,043		437,524
Lordstown Motors Corp., Class A^(a)		7,320		45,677
Thor Industries, Inc.		3,626		429,173
Winnebago Industries, Inc.		2,184		156,964
Workhorse Group, Inc.^(a)(b)		8,097		93,439

				1,408,438

Banks — 5.5%
1st Source Corp.		1,728		79,125
Allegiance Bancshares, Inc.		1,125		41,029
Altabancorp		1,672		67,532
Amalgamated Financial Corp.		1,032		15,852
Amerant Bancorp, Inc.^(a)		1,471		32,583
American National Bankshares, Inc.		660		20,849
Ameris Bancorp		4,116		200,079
Arrow Financial Corp.		987		35,581
Associated Banc-Corp.		11,121		220,196
Atlantic Capital Bancshares, Inc.^(a)		1,333		31,992
Atlantic Union Bankshares Corp.		5,606		198,845
Banc of California, Inc.		2,958		50,641
BancFirst Corp.		1,225		67,963
Bancorp, Inc.^(a)		3,411		79,715
BancorpSouth Bank		6,725		173,505
Bank First Corp.		368		25,756
Bank of Hawaii Corp.		3,107		260,087
Bank of Marin Bancorp		883		30,640
Bank of NT Butterfield & Son Ltd.		3,381		112,046
Bank OZK		9,006		366,634
BankUnited, Inc.		5,703		225,725
Banner Corp.		1,390		73,726
Bar Harbor Bankshares		913		26,148
Berkshire Hills Bancorp, Inc.		2,757		74,549
Blue Ridge Bankshares, Inc.		1,042		17,849
BOK Financial Corp.		2,400		201,624
Brookline Bancorp, Inc.		4,667		67,065
Bryn Mawr Bank Corp.		1,444		56,504
Business First Bancshares, Inc.		2,243		52,284
Byline Bancorp, Inc.		2,571		63,272
Cadence BanCorp		7,355		139,745
Cambridge Bancorp		637		54,514
Camden National Corp.		1,130		50,590
Capital Bancorp, Inc.		548		12,451
Capital City Bank Group, Inc.		884		21,517
Capstar Financial Holdings, Inc.		2,308		48,930


Security	Shares		Value

Banks (continued)
Carter Bankshares, Inc.^(a)		1,661	$	19,052
Cathay General Bancorp		5,716		216,465
CBTX, Inc.		2,019		53,100
Central Pacific Financial Corp.		715		18,304
Century Bancorp, Inc., Class A		196		22,418
CIT Group, Inc.		6,767		326,440
Citizens & Northern Corp.		1,893		46,757
City Holding Co.		956		72,331
Civista Bancshares, Inc.		1,960		44,864
CNB Financial Corp.		964		22,230
Coastal Financial Corp.^(a)		663		19,373
Columbia Banking System, Inc.		4,448		155,413
Comerica, Inc.		10,161		697,654
Commerce Bancshares, Inc.		7,669		542,428
Community Bank System, Inc.		3,296		236,125
Community Trust Bancorp, Inc.		1,197		47,593
ConnectOne Bancorp, Inc.		3,307		86,974
CrossFirst Bankshares, Inc.^(a)		3,186		43,999
Cullen/Frost Bankers, Inc.		4,227		453,642
Customers Bancorp, Inc.^(a)		2,029		73,490
CVB Financial Corp.		8,038		153,204
Dime Community Bancshares, Inc.		2,302		76,012
Eagle Bancorp, Inc.		1,944		106,978
East West Bancorp, Inc.		10,160		722,884
Eastern Bankshares, Inc.		12,412		226,519
Enterprise Bancorp, Inc.		520		17,004
Enterprise Financial Services Corp.		2,942		131,125
Equity Bancshares, Inc., Class A^(a)		1,042		30,697
Farmers National Banc Corp.		1,941		29,794
FB Financial Corp.		2,840		107,380
Fidelity D&D Bancorp, Inc.		254		12,954
Financial Institutions, Inc.		1,270		37,389
First Bancorp, Inc.		776		22,551
First BanCorp, Puerto Rico		13,250		160,723
First Bancorp/Southern Pines NC		1,695		67,800
First Bancshares, Inc.		1,476		56,929
First Bank/Hamilton		1,239		16,510
First Busey Corp.		3,679		86,824
First Citizens BancShares, Inc., Class A^(b)		443		346,687
First Commonwealth Financial Corp.		5,802		76,412
First Community Bancshares, Inc.		1,485		43,362
First Financial Bancorp		5,970		134,325
First Financial Bankshares, Inc.		9,347		456,508
First Financial Corp.		862		34,523
First Foundation, Inc.		2,814		66,326
First Hawaiian, Inc.		8,965		246,806
First Horizon Corp.		39,955		617,305
First Internet Bancorp		691		20,923
First Interstate Bancsystem, Inc., Class A		3,415		143,157
First Merchants Corp.		4,398		179,131
First Mid Bancshares, Inc.		1,751		71,248
First Midwest Bancorp, Inc.		6,932		124,360
First of Long Island Corp.		1,666		35,902
Five Star Bancorp		288		7,019
Flushing Financial Corp.		2,202		48,554
FNB Corp.		24,678		282,810
Fulton Financial Corp.		12,114		185,586
German American Bancorp, Inc.		1,691		63,751
Glacier Bancorp, Inc.		7,000		360,920
Great Southern Bancorp, Inc.		895		46,567
Great Western Bancorp, Inc.		3,300		101,640
Guaranty Bancshares, Inc.		438		14,651
Hancock Whitney Corp.		6,254		273,362


Security	Shares		Value

Banks (continued)
Hanmi Financial Corp.		1,558	$	28,402
HarborOne Bancorp, Inc.		3,651		49,690
HBT Financial, Inc.		587		9,592
Heartland Financial USA, Inc.		2,900		132,298
Heritage Commerce Corp.		4,374		47,414
Heritage Financial Corp.		2,200		53,218
Hilltop Holdings, Inc.		4,424		140,152
Home BancShares, Inc.		11,091		234,907
HomeTrust Bancshares, Inc.		1,199		31,570
Hope Bancorp, Inc.		6,986		92,565
Horizon Bancorp, Inc.		3,263		54,525
Howard Bancorp, Inc.^(a)		1,349		26,575
Independent Bank Corp.		3,678		175,357
Independent Bank Group, Inc.		2,801		195,230
International Bancshares Corp.		4,127		161,283
Investors Bancorp, Inc.		15,346		212,082
Lakeland Bancorp, Inc.		3,305		54,103
Lakeland Financial Corp.		1,965		131,400
Live Oak Bancshares, Inc.^(b)		2,154		129,649
Macatawa Bank Corp.		2,222		18,487
Mercantile Bank Corp.		1,818		56,813
Metrocity Bankshares, Inc.		1,301		25,981
Metropolitan Bank Holding Corp.^(a)		816		57,960
Mid Penn Bancorp, Inc.		676		17,610
Midland States Bancorp, Inc.		1,684		41,443
MidWestOne Financial Group, Inc.		1,385		40,345
MVB Financial Corp.		703		29,139
National Bank Holdings Corp., Class A		1,729		61,310
NBT Bancorp, Inc.		2,632		91,725
Nicolet Bankshares, Inc.^(a)		651		47,126
Northrim BanCorp, Inc.		905		36,942
OceanFirst Financial Corp.		4,183		81,569
OFG Bancorp		3,086		71,287
Old National Bancorp		10,106		162,606
Old Second Bancorp, Inc.		2,326		26,935
Origin Bancorp, Inc.		1,562		63,542
Orrstown Financial Services, Inc.		845		19,477
Pacific Premier Bancorp, Inc.		5,038		191,343
PacWest Bancorp		8,390		334,090
Park National Corp.		1,201		136,806
Peapack Gladstone Financial Corp.		1,354		43,612
Peoples Bancorp, Inc.		1,486		43,822
Peoples Financial Services Corp.		541		23,209
People’s United Financial, Inc.		30,772		483,120
Pinnacle Financial Partners, Inc.		5,462		489,450
Popular, Inc.		6,110		444,564
Preferred Bank/Los Angeles CA		921		54,321
Premier Financial Bancorp, Inc.		850		14,467
Primis Financial Corp.		2,009		31,240
Prosperity Bancshares, Inc.		6,464		440,780
QCR Holdings, Inc.		1,415		69,462
RBB Bancorp		1,180		28,237
Red River Bancshares, Inc.		321		16,355
Reliant Bancorp, Inc.		897		24,937
Renasant Corp.		3,359		118,170
Republic Bancorp, Inc., Class A		679		33,108
Republic First Bancorp, Inc.^(a)		2,161		7,974
S&T Bancorp, Inc.		2,342		68,972
Sandy Spring Bancorp, Inc.		3,634		151,138
Seacoast Banking Corp. of Florida		3,144		95,546
ServisFirst Bancshares, Inc.		3,443		244,728
Sierra Bancorp		947		22,851
Signature Bank		4,009		909,923


Security	Shares		Value

Banks (continued)
Silvergate Capital Corp., Class A^(a)		1,557	$	160,060
Simmons First National Corp., Class A		6,710		182,646
SmartFinancial, Inc.		1,198		29,195
South Plains Financial, Inc.		568		13,064
South State Corp.		5,178		356,454
Southern First Bancshares, Inc.^(a)		999		49,480
Southside Bancshares, Inc.		1,938		69,846
Spirit of Texas Bancshares, Inc.		1,049		24,421
Sterling Bancorp		14,522		315,273
Stock Yards Bancorp, Inc.		1,485		70,745
Summit Financial Group, Inc.		760		17,670
Synovus Financial Corp.		10,898		445,728
Texas Capital Bancshares, Inc.^(a)		3,468		218,415
Tompkins Financial Corp.		946		72,606
TowneBank		5,525		164,700
Trico Bancshares		2,376		93,686
TriState Capital Holdings, Inc.^(a)(b)		1,965		39,909
Triumph Bancorp, Inc.^(a)		1,627		124,726
Trustmark Corp.		4,312		129,446
UMB Financial Corp.		3,261		305,230
Umpqua Holdings Corp.		16,074		303,316
United Bankshares, Inc.		9,205		317,941
United Community Banks, Inc.		4,295		123,739
Univest Financial Corp.		1,926		52,695
Valley National Bancorp		30,106		388,066
Veritex Holdings, Inc.		2,924		98,100
Washington Trust Bancorp, Inc.		1,251		60,986
Webster Financial Corp.		6,675		321,068
WesBanco, Inc.		5,028		162,304
West BanCorp., Inc.		1,364		40,211
Westamerica BanCorp		1,623		90,158
Western Alliance Bancorp		7,252		673,131
Wintrust Financial Corp.		4,314		308,020
Zions Bancorp NA		11,844		617,665

				26,414,141

Beverages — 0.2%
Boston Beer Co., Inc., Class A^(a)		672		477,120
Celsius Holdings, Inc.^(a)		3,101		212,822
Coca-Cola Consolidated, Inc.		321		128,127
Duckhorn Portfolio, Inc.^(a)(b)		1,282		28,165
MGP Ingredients, Inc.		939		56,011
National Beverage Corp.		1,565		71,020
NewAge, Inc.^(a)(b)		8,493		16,222
Primo Water Corp.		10,840		179,185

				1,168,672

Biotechnology — 5.3%
4D Molecular Therapeutics, Inc.^(a)		539		13,405
89bio, Inc.^(a)		687		10,758
ACADIA Pharmaceuticals, Inc.^(a)		8,209		177,561
Acceleron Pharma, Inc.^(a)		3,818		477,479
Adicet Bio, Inc.^(a)		1,274		9,428
Aduro Biotech, Inc.^(a)(c)		658		1,974
Adverum Biotechnologies, Inc.^(a)(b)		6,357		14,430
Aeglea BioTherapeutics, Inc.^(a)		2,882		17,667
Affimed NV^(a)		7,715		51,305
Agenus, Inc.^(a)(b)		12,908		66,863
Agios Pharmaceuticals, Inc.^(a)(b)		4,691		225,590
Akebia Therapeutics, Inc.^(a)		10,426		25,752
Akero Therapeutics, Inc.^(a)(b)		1,674		35,891
Akouos, Inc.^(a)		1,689		18,359
Albireo Pharma, Inc.^(a)		1,045		29,897


Security	Shares		Value

Biotechnology (continued)
Aldeyra Therapeutics, Inc.^(a)		3,158	$	28,106
Alector, Inc.^(a)		3,926		94,361
Aligos Therapeutics, Inc.^(a)		1,204		17,542
Alkermes PLC^(a)		10,978		284,001
Allakos, Inc.^(a)		2,397		190,705
Allogene Therapeutics, Inc.^(a)		4,668		102,463
Allovir, Inc.^(a)(b)		2,010		38,471
Alpine Immune Sciences, Inc.^(a)		685		6,055
Altimmune, Inc.^(a)		2,119		19,219
ALX Oncology Holdings, Inc.^(a)		1,148		67,227
Amicus Therapeutics, Inc.^(a)		18,079		167,954
AnaptysBio, Inc.^(a)		1,291		29,667
Anavex Life Sciences Corp.^(a)		4,179		75,013
Anika Therapeutics, Inc.^(a)		967		38,806
Annexon, Inc.^(a)		2,030		42,752
Apellis Pharmaceuticals, Inc.^(a)		4,425		283,156
Applied Molecular Transport, Inc.^(a)		1,610		45,128
Applied Therapeutics, Inc.^(a)		1,137		19,568
AquaBounty Technologies, Inc.^(a)(b)		3,371		16,686
Arbutus Biopharma Corp.^(a)		4,973		13,377
Arcturus Therapeutics Holdings, Inc.^(a)		1,356		42,456
Arcus Biosciences, Inc.^(a)		3,044		95,612
Arcutis Biotherapeutics, Inc.^(a)		1,935		45,144
Ardelyx, Inc.^(a)(b)		5,709		9,934
Arena Pharmaceuticals, Inc.^(a)		4,670		288,886
Arrowhead Pharmaceuticals, Inc.^(a)		7,315		506,856
Atara Biotherapeutics, Inc.^(a)		5,510		70,252
Athenex, Inc.^(a)(b)		5,603		21,123
Athersys, Inc.^(a)(b)		12,315		20,073
Atossa Therapeutics, Inc.^(a)(b)		7,637		22,835
Atreca, Inc., Class A^(a)(b)		1,780		9,772
Avid Bioservices, Inc.^(a)(b)		4,153		106,524
Avidity Biosciences, Inc.^(a)		2,071		39,991
Avita Medical, Inc.^(a)		1,542		28,573
Avrobio, Inc.^(a)		2,591		19,070
Beam Therapeutics, Inc.^(a)		3,461		318,412
Beyondspring, Inc.^(a)		1,455		13,852
BioAtla, Inc.^(a)(b)		783		32,095
BioCryst Pharmaceuticals, Inc.^(a)(b)		12,191		196,519
Biohaven Pharmaceutical Holding Co. Ltd.^(a)		3,866		487,155
Biomea Fusion, Inc.^(a)		510		6,727
Bioxcel Therapeutics, Inc.^(a)		999		25,564
Black Diamond Therapeutics, Inc.^(a)(b)		1,487		14,216
Bluebird Bio, Inc.^(a)		5,568		141,483
Blueprint Medicines Corp.^(a)(b)		4,269		375,117
Bolt Biotherapeutics, Inc.^(a)		873		9,734
Bridgebio Pharma, Inc.^(a)		7,790		416,375
Brooklyn ImmunoTherapeutics, Inc.^(a)(b)		1,545		17,752
C4 Therapeutics, Inc.^(a)		2,245		96,849
Cardiff Oncology, Inc.^(a)		2,292		12,193
CareDx, Inc.^(a)		3,695		310,528
Catalyst Pharmaceuticals, Inc.^(a)(b)		6,545		38,223
Celcuity, Inc.^(a)		487		9,594
Celldex Therapeutics, Inc.^(a)		2,561		112,044
CEL-SCI Corp.^(a)		2,427		19,489
Cerevel Therapeutics Holdings, Inc.^(a)		2,244		55,292
ChemoCentryx, Inc.^(a)(b)		3,592		53,090
Chimerix, Inc.^(a)		4,783		31,711
Chinook Therapeutics, Inc.^(a)		2,028		26,425
Clene, Inc.^(a)(b)		1,381		11,877
Clovis Oncology, Inc.^(a)(b)		6,487		31,332
Codiak Biosciences, Inc.^(a)(b)		989		17,110


Security	Shares		Value

Biotechnology (continued)
Cogent Biosciences, Inc.^(a)		2,368	$	14,208
Coherus Biosciences, Inc.^(a)		5,678		74,098
Contra GTX, Inc.^(a)(b)(c)		23		24
Cortexyme, Inc.^(a)		1,303		73,633
Crinetics Pharmaceuticals, Inc.^(a)		3,702		66,562
Cue Biopharma, Inc.^(a)		1,776		18,506
Cullinan Oncology, Inc.^(a)		881		20,201
Curis, Inc.^(a)		5,634		42,762
Cytokinetics, Inc.^(a)(b)		5,680		168,582
CytomX Therapeutics, Inc.^(a)		4,326		23,404
Deciphera Pharmaceuticals, Inc.^(a)		3,394		103,483
Denali Therapeutics, Inc.^(a)		6,656		339,656
DermTech, Inc.^(a)(b)		1,550		52,173
Design Therapeutics, Inc.^(a)		849		13,143
Dicerna Pharmaceuticals, Inc.^(a)		5,367		201,316
Dynavax Technologies Corp.^(a)		7,141		66,697
Dyne Therapeutics, Inc.^(a)		1,944		35,128
Eagle Pharmaceuticals, Inc.^(a)(b)		797		37,061
Editas Medicine, Inc.^(a)		4,859		203,398
Eiger Biopharmaceuticals, Inc.^(a)		1,994		15,872
Emergent BioSolutions, Inc.^(a)(b)		3,338		219,974
Enanta Pharmaceuticals, Inc.^(a)		1,710		72,247
Epizyme, Inc.^(a)(b)		9,408		62,375
Evelo Biosciences, Inc.^(a)(b)		2,006		18,475
Exelixis, Inc.^(a)		21,298		358,871
Fate Therapeutics, Inc.^(a)(b)		5,762		477,094
FibroGen, Inc.^(a)		5,888		76,544
Finch Therapeutics Group, Inc.^(a)		426		5,610
Flexion Therapeutics, Inc.^(a)(b)		3,253		19,290
Foghorn Therapeutics, Inc.^(a)(b)		1,197		10,857
Forma Therapeutics Holdings, Inc.^(a)		2,270		51,960
Forte Biosciences, Inc.^(a)		721		21,601
Fortress Biotech, Inc.^(a)		5,243		16,306
Frequency Therapeutics, Inc.^(a)(b)		2,077		17,301
G1 Therapeutics, Inc.^(a)		2,641		45,716
Gemini Therapeutics, Inc.^(a)(b)		1,343		5,466
Generation Bio Co.^(a)(b)		2,864		62,263
Geron Corp.^(a)(b)		20,565		25,089
Global Blood Therapeutics, Inc.^(a)		5,042		137,798
Gossamer Bio, Inc.^(a)		6,982		54,879
Greenwich Lifesciences, Inc.^(a)(b)		254		10,025
Gritstone bio, Inc.^(a)		2,626		17,542
GT Biopharma, Inc.^(a)		1,529		15,214
Halozyme Therapeutics, Inc.^(a)		10,161		419,954
Harpoon Therapeutics, Inc.^(a)		1,324		12,962
Heron Therapeutics, Inc.^(a)		6,093		75,309
Homology Medicines, Inc.^(a)		2,784		17,706
Hookipa Pharma, Inc.^(a)		1,356		10,482
Humanigen, Inc.^(a)(b)		2,922		47,103
iBio, Inc.^(a)(b)		15,962		19,793
Ideaya Biosciences, Inc.^(a)		1,815		44,468
IGM Biosciences, Inc.^(a)		527		35,841
Immunic, Inc.^(a)		960		8,477
ImmunityBio, Inc.^(a)(b)		4,352		47,698
ImmunoGen, Inc.^(a)		17,127		96,082
Immunovant, Inc.^(a)		2,311		24,173
Infinity Pharmaceuticals, Inc.^(a)		5,618		11,910
Inhibrx, Inc.^(a)(b)		1,794		51,057
Inovio Pharmaceuticals, Inc.^(a)(b)		14,195		119,238
Inozyme Pharma, Inc.^(a)		861		14,439
Insmed, Inc.^(a)		8,031		197,563
Instil Bio, Inc.^(a)		1,106		16,645
Intellia Therapeutics, Inc.^(a)(b)		4,817		683,291


Security	Shares		Value

Biotechnology (continued)
Intercept Pharmaceuticals, Inc.^(a)		1,828	$	31,588
Invitae Corp.^(a)(b)		14,575		407,954
Ionis Pharmaceuticals, Inc.^(a)(b)		9,741		361,781
Iovance Biotherapeutics, Inc.^(a)		10,992		244,792
Ironwood Pharmaceuticals, Inc.^(a)(b)		9,563		126,901
iTeos Therapeutics, Inc.^(a)		1,345		32,320
IVERIC bio, Inc.^(a)		5,893		50,857
Jounce Therapeutics, Inc.^(a)		2,105		10,609
Kadmon Holdings, Inc.^(a)(b)		16,913		63,593
KalVista Pharmaceuticals, Inc.^(a)		1,310		26,383
Karuna Therapeutics, Inc.^(a)		1,518		173,386
Karyopharm Therapeutics, Inc.^(a)		4,712		39,251
Keros Therapeutics, Inc.^(a)		1,016		37,389
Kezar Life Sciences, Inc.^(a)		2,048		9,974
Kiniksa Pharmaceuticals Ltd., Class A^(a)		1,909		29,265
Kinnate Biopharma, Inc.^(a)		922		19,897
Kodiak Sciences, Inc.^(a)		2,279		191,071
Kronos Bio, Inc.^(a)		2,520		51,534
Krystal Biotech, Inc.^(a)		1,562		91,283
Kura Oncology, Inc.^(a)		4,415		83,620
Kymera Therapeutics, Inc.^(a)		1,884		113,379
Lexicon Pharmaceuticals, Inc.^(a)		4,408		15,604
Ligand Pharmaceuticals, Inc.^(a)(b)		1,030		116,915
Lineage Cell Therapeutics, Inc.^(a)		7,737		20,348
MacroGenics, Inc.^(a)		3,940		98,342
Madrigal Pharmaceuticals, Inc.^(a)		1,015		88,630
Magenta Therapeutics, Inc.^(a)		1,918		13,656
MannKind Corp.^(a)		16,204		66,436
MEI Pharma, Inc.^(a)		6,633		17,909
MeiraGTx Holdings plc^(a)		3,650		51,063
Mersana Therapeutics, Inc.^(a)		4,499		49,489
MiMedx Group, Inc.^(a)		7,665		93,973
Mirati Therapeutics, Inc.^(a)		2,847		455,691
Mirum Pharmaceuticals, Inc.^(a)		259		3,743
Molecular Templates, Inc.^(a)		2,370		16,590
Morphic Holding, Inc.^(a)		1,357		78,190
Mustang Bio, Inc.^(a)(b)		5,153		14,892
Myriad Genetics, Inc.^(a)		5,664		179,152
Natera, Inc.^(a)		5,915		677,386
Neoleukin Therapeutics, Inc.^(a)		2,425		16,951
Neurocrine Biosciences, Inc.^(a)(b)		6,742		628,422
NexImmune, Inc.^(a)		495		5,287
Nkarta, Inc.^(a)		956		30,363
Novavax, Inc.^(a)(b)		5,274		945,786
Nurix Therapeutics Inc.^(a)		2,047		62,925
Ocugen, Inc.^(a)(b)		12,064		80,949
Olema Pharmaceuticals, Inc.^(a)		823		19,324
Oncocyte Corp.^(a)		5,168		26,564
Oncorus, Inc.^(a)		1,299		16,653
Oncternal Therapeutics, Inc.^(a)		2,811		10,963
OPKO Health, Inc.^(a)		25,937		89,223
Organogenesis Holdings, Inc.^(a)		2,497		38,304
ORIC Pharmaceuticals, Inc.^(a)		1,902		31,668
Outlook Therapeutics, Inc.^(a)		5,469		12,360
Oyster Point Pharma, Inc.^(a)(b)		676		9,633
Passage Bio, Inc.^(a)		2,413		28,473
PMV Pharmaceuticals, Inc.^(a)		1,708		58,089
Portage Biotech, Inc.^(a)		213		3,225
Poseida Therapeutics, Inc.^(a)		1,849		14,995
Praxis Precision Medicines, Inc.^(a)		1,580		24,648
Precigen, Inc.^(a)		6,179		33,923
Precision BioSciences, Inc.^(a)		3,001		29,590
Prelude Therapeutics, Inc.^(a)(b)		728		23,325


Security	Shares		Value

Biotechnology (continued)
Prometheus Biosciences, Inc.^(a)		713	$	14,952
Protagonist Therapeutics, Inc.^(a)		2,709		133,906
Prothena Corp. PLC^(a)		2,330		116,733
PTC Therapeutics, Inc.^(a)		5,029		192,762
Puma Biotechnology, Inc.^(a)		1,922		14,453
Radius Health, Inc.^(a)		3,099		46,888
Rapt Therapeutics, Inc.^(a)		1,172		35,945
Recursion Pharmaceuticals, Inc., Class A^(a)(b)		1,365		41,428
REGENXBIO, Inc.^(a)		3,396		109,759
Relay Therapeutics, Inc.^(a)		3,981		129,144
Reneo Pharmaceuticals, Inc.^(a)(b)		483		3,956
Replimune Group, Inc.^(a)		1,752		57,343
Revolution Medicines, Inc.^(a)		4,079		116,823
Rhythm Pharmaceuticals, Inc.^(a)		2,876		49,726
Rigel Pharmaceuticals, Inc.^(a)		11,686		46,744
Rocket Pharmaceuticals, Inc.^(a)(b)		2,734		97,932
Rubius Therapeutics, Inc.^(a)(b)		2,955		63,503
Sage Therapeutics, Inc.^(a)		3,541		154,848
Sana Biotechnology, Inc.^(a)(b)		1,783		29,045
Sangamo Therapeutics, Inc.^(a)		7,871		75,404
Sarepta Therapeutics, Inc.^(a)		5,252		355,981
Scholar Rock Holding Corp.^(a)		1,920		60,000
Selecta Biosciences, Inc.^(a)		5,804		20,082
Sensei Biotherapeutics, Inc.^(a)		626		4,939
Seres Therapeutics, Inc.^(a)		4,550		32,305
Sesen Bio, Inc.^(a)		11,179		41,698
Shattuck Labs, Inc.^(a)		1,722		37,953
Sigilon Therapeutics, Inc.^(a)(b)		571		2,878
Silverback Therapeutics, Inc.^(a)(b)		857		25,950
Solid Biosciences, Inc.^(a)		3,813		10,638
Sorrento Therapeutics, Inc.^(a)(b)		18,681		153,371
Spectrum Pharmaceuticals, Inc.^(a)		17,434		56,137
Spero Therapeutics, Inc.^(a)(b)		1,687		22,505
SpringWorks Therapeutics, Inc.^(a)		2,152		184,426
Spruce Biosciences, Inc.^(a)		432		3,979
SQZ Biotechnologies Co.^(a)		1,451		17,557
Stoke Therapeutics, Inc.^(a)		1,241		35,530
Summit Therapeutics, Inc.^(a)		1,342		9,837
Surface Oncology, Inc.^(a)		2,109		12,675
Sutro Biopharma, Inc.^(a)		2,833		48,246
Syndax Pharmaceuticals, Inc.^(a)		2,933		42,763
Syros Pharmaceuticals, Inc.^(a)(b)		3,721		17,191
Talaris Therapeutics, Inc.^(a)		538		7,430
Taysha Gene Therapies, Inc.^(a)(b)		1,428		24,690
TCR2 Therapeutics, Inc.^(a)		1,899		23,624
TG Therapeutics, Inc.^(a)(b)		8,739		305,778
Tonix Pharmaceuticals Holding Corp.^(a)(b)		20,783		14,881
Translate Bio, Inc.^(a)(b)		4,595		127,006
Travere Therapeutics, Inc.^(a)		3,845		52,869
Trevena, Inc.^(a)(b)		10,354		13,771
Trillium Therapeutics, Inc.^(a)		6,367		41,577
Turning Point Therapeutics, Inc.^(a)		3,506		223,753
Twist Bioscience Corp.^(a)		3,458		425,507
Ultragenyx Pharmaceutical, Inc.^(a)		4,721		376,877
United Therapeutics Corp.^(a)		3,174		577,446
UroGen Pharma Ltd.^(a)(b)		1,219		18,895
Vanda Pharmaceuticals, Inc.^(a)		4,585		74,781
Vaxart, Inc.^(a)(b)		7,820		56,226
Vaxcyte, Inc.^(a)		2,582		55,978
VBI Vaccines, Inc.^(a)(b)		12,192		36,332
Veracyte, Inc.^(a)(b)		4,609		205,377
Verastem, Inc.^(a)		11,517		37,200


Security	Shares		Value

Biotechnology (continued)
Vericel Corp.^(a)		3,189	$	168,826
Viking Therapeutics, Inc.^(a)(b)		4,523		27,816
Vincerx Pharma, Inc.^(a)		355		4,704
Vir Biotechnology, Inc.^(a)		4,121		146,914
Viracta Therapeutics, Inc.^(a)		2,305		24,249
VistaGen Therapeutics, Inc.^(a)		12,322		32,777
Vor BioPharma, Inc.^(a)		784		9,816
Werewolf Therapeutics, Inc.^(a)		444		7,734
XBiotech, Inc.		868		14,062
Xencor, Inc.^(a)		4,275		131,584
XOMA Corp.^(a)		347		11,243
Y-mAbs Therapeutics, Inc.^(a)		2,338		77,388
Zentalis Pharmaceuticals, Inc.^(a)		2,175		115,732
ZIOPHARM Oncology, Inc.^(a)(b)		13,238		30,050

				25,018,377

Building Products — 2.0%
A O Smith Corp.		9,298		653,928
AAON, Inc.		2,839		176,444
Advanced Drainage Systems, Inc.		4,023		491,168
Allegion plc		6,364		869,322
American Woodmark Corp.^(a)		1,380		102,465
Apogee Enterprises, Inc.		2,211		87,710
Armstrong World Industries, Inc.		3,223		348,664
AZEK Co., Inc.^(a)		8,110		294,961
Builders FirstSource, Inc.^(a)		14,651		651,970
Caesarstone Ltd.		1,412		18,737
Carlisle Cos., Inc.		3,622		732,513
Cornerstone Building Brands, Inc.^(a)		4,967		83,545
CSW Industrials, Inc.		908		107,407
Fortune Brands Home & Security, Inc.		9,800		955,206
Gibraltar Industries, Inc.^(a)		2,225		166,163
Griffon Corp.		3,070		70,978
Insteel Industries, Inc.		1,302		50,557
JELD-WEN Holding, Inc.^(a)		6,580		174,238
Lennox International, Inc.		2,390		787,338
Masonite International Corp.^(a)		1,876		212,288
Owens Corning		7,443		715,719
PGT Innovations, Inc.^(a)		4,849		109,490
Quanex Building Products Corp.		2,276		56,536
Resideo Technologies, Inc.^(a)		9,820		289,690
Simpson Manufacturing Co., Inc.		3,128		351,838
Trex Co., Inc.^(a)		8,227		798,842
UFP Industries, Inc.		4,360		323,774
View, Inc.^(a)(b)		5,475		33,343

				9,714,834

Capital Markets — 2.4%
Affiliated Managers Group, Inc.		3,008		476,588
Ares Management Corp., Class A		9,826		703,640
Artisan Partners Asset Management, Inc., Class A		3,928		188,898
Assetmark Financial Holdings, Inc.^(a)		1,375		35,888
Associated Capital Group, Inc., Class A		121		4,560
B. Riley Financial, Inc.		1,337		90,328
BGC Partners, Inc., Class A		22,781		121,878
Blucora, Inc.^(a)		4,734		79,815
Brightsphere Investment Group, Inc.		3,880		96,961
Carlyle Group, Inc.		11,751		593,073
Cboe Global Markets, Inc.		7,566		896,344
Cohen & Steers, Inc.		1,711		142,372
Cowen, Inc., Class A		1,693		67,686
Diamond Hill Investment Group, Inc.		337		58,048
Donnelley Financial Solutions, Inc.^(a)		1,944		62,616
Evercore, Inc., Class A		2,903		383,777


Security	Shares		Value

Capital Markets (continued)
FactSet Research Systems, Inc.		2,691	$	961,440
Federated Hermes, Inc.		6,362		206,383
Focus Financial Partners, Inc., Class A^(a)		3,811		195,619
GAMCO Investors, Inc., Class A		288		7,759
GCM Grosvenor, Inc., Class A		2,150		21,414
Greenhill & Co., Inc.		1,057		16,933
Hamilton Lane, Inc., Class A		2,584		240,312
Houlihan Lokey, Inc.		3,535		314,968
Invesco Ltd.		23,941		583,682
Janus Henderson Group PLC		10,642		445,261
Jefferies Financial Group, Inc.		15,640		519,092
Lazard Ltd., Class A		6,968		328,890
LPL Financial Holdings, Inc.		5,716		806,185
Moelis & Co., Class A		4,564		270,417
Morningstar, Inc.		1,687		426,187
Open Lending Corp., Class A^(a)(b)		7,065		268,470
Oppenheimer Holdings, Inc., Class A		680		30,566
Piper Sandler Cos		1,412		173,238
PJT Partners, Inc., Class A		1,618		126,479
Pzena Investment Management, Inc., Class A		1,161		13,293
Sculptor Capital Management, Inc.		1,455		33,785
SEI Investments Co.		7,885		479,408
StepStone Group, Inc., Class A		2,463		112,091
Stifel Financial Corp.		6,948		462,320
StoneX Group, Inc.^(a)		1,158		74,726
Value Line, Inc.		72		2,304
Virtu Financial, Inc., Class A		6,380		164,221
Virtus Investment Partners, Inc.		499		137,789
WisdomTree Investments, Inc.		9,844		60,836

				11,486,540

Chemicals — 2.2%
AdvanSix, Inc.^(a)		1,834		61,347
American Vanguard Corp.		1,787		29,503
Amyris, Inc.^(a)(b)		11,375		165,848
Ashland Global Holdings, Inc.		3,866		328,881
Avient Corp.		6,128		297,331
Axalta Coating Systems Ltd.^(a)		14,368		432,477
Balchem Corp.		2,187		295,004
Cabot Corp.		3,733		205,539
CF Industries Holdings, Inc.		15,336		724,626
Chase Corp.		662		77,143
Chemours Co.		11,916		396,207
Danimer Scientific, Inc.^(a)		4,712		78,596
Diversey Holdings Ltd.^(a)		3,203		53,426
Ecovyst, Inc.^(a)		3,315		51,581
Element Solutions, Inc.		16,854		394,215
Ferro Corp.^(a)		6,524		135,699
FutureFuel Corp.		1,853		15,751
GCP Applied Technologies, Inc.^(a)		3,243		75,400
Hawkins, Inc.		1,158		42,047
HB Fuller Co.		3,746		242,067
Huntsman Corp.		15,096		398,685
Ingevity Corp.^(a)		2,892		245,646
Innospec, Inc.		1,870		165,402
Intrepid Potash, Inc.^(a)		619		18,756
Koppers Holdings, Inc.^(a)		1,316		40,414
Kraton Corp.^(a)		2,073		79,168
Kronos Worldwide, Inc.		1,507		20,962
Livent Corp.^(a)		10,021		195,510
Marrone Bio Innovations, Inc.^(a)(b)		6,604		8,255
Minerals Technologies, Inc.		2,516		201,834


Security	Shares		Value

Chemicals (continued)
Mosaic Co.		24,780	$	773,879
NewMarket Corp.		456		144,055
Olin Corp.		10,354		486,949
Orion Engineered Carbons SA^(a)		4,001		72,338
PureCycle Technologies, Inc.^(a)		2,139		31,679
Quaker Chemical Corp.^(b)		912		229,587
Rayonier Advanced Materials, Inc.^(a)		3,922		27,336
RPM International, Inc.		9,073		785,631
Scotts Miracle-Gro Co.		2,947		521,501
Sensient Technologies Corp.		3,020		263,284
Stepan Co.		1,482		174,802
Tredegar Corp.		1,634		21,356
Trinseo SA		2,655		144,326
Tronox Holdings PLC, Class A		9,030		166,423
Valhi, Inc.		183		4,509
Valvoline, Inc.		13,098		401,847
Westlake Chemical Corp.		2,257		187,150
WR Grace & Co.		4,159		289,466
Zymergen, Inc.^(a)(b)		1,836		63,874

				10,267,312

Commercial Services & Supplies — 1.2%
ABM Industries, Inc.		4,598		213,761
ACCO Brands Corp.		6,172		55,178
ADT, Inc.		10,875		114,079
Brady Corp., Class A		3,202		175,085
BrightView Holdings, Inc.^(a)(b)		4,270		68,448
Brink’s Co.		3,583		275,748
Casella Waste Systems, Inc., Class A^(a)(b)		3,536		243,206
CECO Environmental Corp.^(a)		2,022		14,235
Cimpress PLC^(a)(b)		1,159		118,508
Clean Harbors, Inc.^(a)		3,596		341,620
CoreCivic, Inc.^(a)		7,903		81,243
Covanta Holding Corp.		9,080		182,508
Deluxe Corp.		2,891		126,915
Driven Brands Holdings, Inc.^(a)		2,355		74,936
Ennis, Inc.		1,912		37,800
Harsco Corp.^(a)		5,145		103,517
Healthcare Services Group, Inc.		5,087		132,771
Heritage-Crystal Clean, Inc.^(a)		1,789		50,414
Herman Miller, Inc.		5,024		216,786
HNI Corp.		3,397		126,708
IAA, Inc.^(a)		9,688		585,930
Interface, Inc.		3,907		56,339
KAR Auction Services, Inc.^(a)		8,464		139,487
Kimball International, Inc., Class B		4,124		51,055
Matthews International Corp., Class A		2,080		71,968
Montrose Environmental Group Inc.^(a)		1,534		82,361
MSA Safety, Inc.		2,638		433,898
NL Industries, Inc.		244		1,471
Pitney Bowes, Inc.		10,832		86,656
RR Donnelley & Sons Co.^(a)		4,555		27,877
SP Plus Corp.^(a)		1,600		52,464
Steelcase, Inc., Class A		5,860		80,575
Stericycle, Inc.^(a)		6,588		464,783
Team, Inc.^(a)(b)		1,914		11,809
Tetra Tech, Inc.		3,839		512,583
UniFirst Corp.		1,014		220,819
US Ecology, Inc.^(a)		2,843		99,505


Security	Shares		Value

Commercial Services & Supplies (continued)
Viad Corp.^(a)		1,358	$	62,264
VSE Corp.		681		34,084

				5,829,394

Communications Equipment — 1.0%
ADTRAN, Inc.		4,222		94,615
Aviat Networks, Inc.^(a)		439		16,366
CalAmp Corp.^(a)		2,231		27,062
Calix, Inc.^(a)		3,733		174,630
Cambium Networks Corp.^(a)		554		24,404
Casa Systems, Inc.^(a)		2,392		17,964
Ciena Corp.^(a)		11,042		641,982
Clearfield, Inc.^(a)		706		30,725
CommScope Holding Co., Inc.^(a)		15,293		323,600
Comtech Telecommunications Corp.		1,726		43,098
Digi International, Inc.^(a)		2,202		45,537
DZS, Inc.^(a)(b)		2,331		46,037
EchoStar Corp., Class A^(a)		2,736		61,013
EMCORE Corp.^(a)		2,359		20,618
Extreme Networks, Inc.^(a)		8,192		90,194
F5 Networks, Inc.^(a)		4,264		880,559
Harmonic, Inc.^(a)		6,056		53,595
Infinera Corp.^(a)		12,308		121,972
Inseego Corp.^(a)		5,625		48,881
Juniper Networks, Inc.		23,337		656,703
KVH Industries, Inc.^(a)		1,018		11,524
Lumentum Holdings, Inc.^(a)		5,235		439,688
NETGEAR, Inc.^(a)		2,004		68,637
NetScout Systems, Inc.^(a)		4,698		135,114
Plantronics, Inc.^(a)		2,251		70,209
Ribbon Communications, Inc.^(a)		4,753		32,843
ViaSat, Inc.^(a)(b)		4,248		210,871
Viavi Solutions, Inc.^(a)		17,327		289,188

				4,677,629

Construction & Engineering — 1.1%
AECOM^(a)		9,974		627,963
Ameresco, Inc., Class A^(a)		2,099		143,845
API Group Corp.^(a)(b)(d)		12,732		291,818
Arcosa, Inc.		3,732		204,364
Argan, Inc.		988		44,411
Comfort Systems USA, Inc.		2,748		205,413
Concrete Pumping Holdings, Inc.^(a)		1,782		15,503
Construction Partners, Inc., Class A^(a)(b)		1,905		63,970
Dycom Industries, Inc.^(a)		2,032		141,021
EMCOR Group, Inc.		3,635		442,779
Fluor Corp.^(a)		9,696		161,535
Granite Construction, Inc.		3,643		139,964
Great Lakes Dredge & Dock Corp.^(a)		4,246		65,388
HC2 Holdings, Inc.^(a)		2,755		10,138
IES Holdings, Inc.^(a)		549		29,871
Infrastructure and Energy Alternatives, Inc.^(a)		1,326		16,005
MasTec, Inc.^(a)		4,060		410,994
Matrix Service Co.^(a)		1,644		17,936
MYR Group, Inc.^(a)		1,113		106,436
Northwest Pipe Co.^(a)		587		16,677
NV5 Global, Inc.^(a)		1,079		102,505
Primoris Services Corp.		3,642		108,896
Quanta Services, Inc.		9,809		891,638


Security	Shares		Value

Construction & Engineering (continued)
Sterling Construction Co., Inc.^(a)		1,718	$	37,727
Tutor Perini Corp.^(a)(b)		2,825		39,748
Valmont Industries, Inc.		1,417		335,758
WillScot Mobile Mini Holdings Corp.^(a)		12,859		369,182

				5,041,485

Construction Materials — 0.2%
Eagle Materials, Inc.		2,980		421,133
Forterra, Inc.^(a)		1,997		47,109
Summit Materials, Inc., Class A^(a)		8,646		290,506
United States Lime & Minerals, Inc.		103		14,317
US Concrete, Inc.^(a)		1,091		79,436

				852,501

Consumer Finance — 0.7%
Atlanticus Holdings Corp.^(a)		357		15,522
Credit Acceptance Corp.^(a)(b)		681		330,128
Curo Group Holdings Corp.		1,527		24,081
Encore Capital Group, Inc.^(a)(b)		2,116		100,172
Enova International, Inc.^(a)		3,032		100,329
Ezcorp, Inc., Class A^(a)		3,073		17,578
FirstCash, Inc.		3,060		242,352
Green Dot Corp., Class A^(a)		3,218		148,253
LendingClub Corp.^(a)		6,643		162,089
LendingTree, Inc.^(a)		791		154,419
Navient Corp.		13,120		268,042
Nelnet, Inc., Class A		1,142		85,993
OneMain Holdings, Inc.		6,231		380,091
Oportun Financial Corp.^(a)		1,378		29,048
PRA Group, Inc.^(a)		3,024		117,301
PROG Holdings, Inc.		4,593		201,036
Regional Management Corp.		1,032		53,385
Santander Consumer USA Holdings, Inc.		4,079		167,361
SLM Corp.		23,170		436,291
Upstart Holdings Inc.^(a)		856		103,371
World Acceptance Corp.^(a)		292		55,354

				3,192,196

Containers & Packaging — 1.4%
AptarGroup, Inc.		4,518		582,461
Ardagh Group SA		1,258		29,374
Avery Dennison Corp.		5,899		1,242,801
Berry Global Group, Inc.^(a)		9,647		620,206
Crown Holdings, Inc.		9,265		924,276
Graphic Packaging Holding Co.		19,622		376,154
Greif, Inc., Class A		1,651		100,084
Greif, Inc., Class B		451		27,457
Myers Industries, Inc.		2,482		52,569
O-I Glass, Inc.^(a)		10,774		159,347
Packaging Corp. of America		6,669		943,663
Pactiv Evergreen, Inc.		2,709		39,199
Ranpak Holdings Corp.^(a)		2,256		57,799
Sealed Air Corp.		10,886		617,780
Silgan Holdings, Inc.		5,713		231,491
Sonoco Products Co.		7,248		462,350
UFP Technologies, Inc.^(a)(b)		418		24,988

				6,491,999

Distributors — 0.3%
Core-Mark Holding Co., Inc.		3,611		155,418


Security	Shares		Value

Distributors (continued)
Funko, Inc., Class A^(a)		1,796	$	33,513
Greenlane Holdings, Inc., Class A^(a)(b)		1,307		4,653
Pool Corp.		2,771		1,324,039

				1,517,623

Diversified Consumer Services — 1.0%
2U, Inc.^(a)(b)		4,872		211,445
Adtalem Global Education, Inc.^(a)		3,897		141,617
American Public Education, Inc.^(a)		1,194		35,366
Bright Horizons Family Solutions, Inc.^(a)		4,372		653,614
Carriage Services, Inc.		1,622		60,306
Chegg, Inc.^(a)		10,036		889,491
Coursera, Inc.^(a)		780		27,760
frontdoor, Inc.^(a)		5,882		287,865
Graham Holdings Co., Class B		262		174,141
Grand Canyon Education, Inc.^(a)(b)		3,139		289,949
H&R Block, Inc.		12,414		304,764
Houghton Mifflin Harcourt Co.^(a)		8,789		99,491
Laureate Education, Inc., Class A^(a)		6,983		103,418
OneSpaWorld Holdings Ltd.^(a)		3,445		34,037
Perdoceo Education Corp.^(a)		4,651		55,161
Regis Corp.^(a)(b)		1,614		12,864
Service Corp. International		11,729		732,945
StoneMor, Inc.^(a)		1,811		4,799
Strategic Education, Inc.		1,629		129,163
Stride, Inc.^(a)(b)		2,699		82,751
Terminix Global Holdings, Inc.^(a)		8,889		466,673
Vivint Smart Home, Inc.^(a)(b)		6,381		78,295
WW International, Inc.^(a)(b)		3,589		110,326

				4,986,241

Diversified Financial Services — 0.2%
Alerus Financial Corp.		903		25,239
A-Mark Precious Metals, Inc.		606		30,870
Banco Latinoamericano de Comercio Exterior SA, Class E		2,413		39,766
Cannae Holdings, Inc.^(a)		6,571		218,486
Marlin Business Services Corp.		464		10,468
Voya Financial, Inc.		8,411		541,668

				866,497

Diversified Telecommunication Services — 0.3%
Anterix, Inc.^(a)		714		41,640
ATN International, Inc.		786		33,837
Bandwidth, Inc., Class A^(a)(b)		1,640		212,642
Cincinnati Bell, Inc.^(a)		2,925		44,870
Cogent Communications Holdings, Inc.		2,899		224,991
Consolidated Communications Holdings, Inc.^(a)		4,694		36,097
Globalstar, Inc.^(a)(b)		39,424		54,405
IDT Corp., Class B^(a)		1,380		68,724
Iridium Communications, Inc.^(a)(b)		8,360		353,043
Liberty Latin America Ltd., Class A^(a)		4,067		55,515
Liberty Latin America Ltd., Class C^(a)		10,169		140,637
Ooma, Inc.^(a)		1,534		28,456
ORBCOMM, Inc.^(a)		4,934		55,705
Radius Global Infrastructure, Inc., Class A^(a)		2,811		43,093

				1,393,655

Electric Utilities — 0.8%
ALLETE, Inc.		3,563		250,550
Hawaiian Electric Industries, Inc.		7,193		311,744
IDACORP, Inc.		3,624		382,151
MGE Energy, Inc.		2,426		189,519
NRG Energy, Inc.		17,332		714,772


Security	Shares		Value

Electric Utilities (continued)
OGE Energy Corp.		13,824	$	466,560
Otter Tail Corp.		2,845		144,497
Pinnacle West Capital Corp.		8,016		669,737
PNM Resources, Inc.		6,305		304,721
Portland General Electric Co.		6,361		311,053
Spark Energy, Inc., Class A		861		9,583

				3,754,887

Electrical Equipment — 1.5%
Acuity Brands, Inc.		2,549		447,044
Advent Technologies Holdings, Inc.^(a)(b)		1,028		8,008
Allied Motion Technologies, Inc.		645		21,227
American Superconductor Corp.^(a)		1,758		24,700
Array Technologies, Inc.^(a)		8,661		117,270
Atkore, Inc.^(a)		3,188		239,451
AZZ, Inc.		2,075		109,954
Babcock & Wilcox Enterprises, Inc.^(a)		3,578		25,618
Beam Global^(a)(b)		566		17,303
Bloom Energy Corp., Class A^(a)		9,450		206,010
ChargePoint Holdings, Inc.^(a)(b)		9,876		233,567
Encore Wire Corp.		1,573		123,370
EnerSys		3,029		298,841
Eos Energy Enterprises, Inc.^(a)(b)		1,125		17,460
FTC Solar, Inc.^(a)		1,144		11,600
FuelCell Energy, Inc.^(a)(b)		22,180		140,399
GrafTech International Ltd.		11,651		132,472
Hubbell, Inc.		3,844		770,568
nVent Electric PLC		12,323		389,530
Plug Power, Inc.^(a)		35,701		973,923
Powell Industries, Inc.		551		16,029
Preformed Line Products Co.		205		14,047
Regal Beloit Corp.		2,729		401,791
Romeo Power, Inc.^(a)(b)		2,693		18,986
Sensata Technologies Holding PLC^(a)		11,119		651,796
Shoals Technologies Group, Inc., Class A^(a)		7,315		212,793
Stem, Inc.^(a)(b)		4,255		115,353
Sunrun, Inc.^(a)(b)		14,208		752,598
Thermon Group Holdings, Inc.^(a)		2,055		34,236
TPI Composites, Inc.^(a)		2,447		95,776
Vertiv Holdings Co.		20,248		567,754
Vicor Corp.^(a)		1,422		164,397

				7,353,871

Electronic Equipment, Instruments & Components — 2.1%
908 Devices, Inc.^(a)		525		16,406
Advanced Energy Industries, Inc.		2,821		292,679
Aeva Technologies, Inc.^(a)(b)		1,604		14,051
Akoustis Technologies, Inc.^(a)(b)		3,037		29,398
Arlo Technologies, Inc.^(a)		5,525		33,758
Arrow Electronics, Inc.^(a)		5,196		616,090
Avnet, Inc.		6,770		279,736
Badger Meter, Inc.		2,223		224,590
Belden, Inc.		3,031		148,519
Benchmark Electronics, Inc.		2,367		62,489
Cognex Corp.		12,197		1,102,731
Coherent, Inc.^(a)		1,768		434,822
CTS Corp.		2,114		73,969
Daktronics, Inc.^(a)		2,403		14,682
ePlus, Inc.^(a)		834		77,112
Fabrinet^(a)		2,520		238,190
FARO Technologies, Inc.^(a)		1,527		111,303
Identiv, Inc.^(a)		1,309		21,311
II-VI, Inc.^(a)(b)		7,448		519,945


Security	Shares		Value

Electronic Equipment, Instruments & Components (continued)
Insight Enterprises, Inc.^(a)		2,508	$	251,753
IPG Photonics Corp.^(a)		2,588		564,598
Iteris, Inc.^(a)(b)		2,835		17,662
Itron, Inc.^(a)		3,169		312,527
Jabil, Inc.		10,419		620,347
Kimball Electronics, Inc.^(a)		2,633		53,687
Knowles Corp.^(a)		7,480		149,899
Littelfuse, Inc.		1,754		466,547
Luna Innovations, Inc.^(a)		2,064		25,449
Methode Electronics, Inc.		2,945		140,859
MicroVision, Inc.^(a)(b)		10,849		149,391
Napco Security Technologies, Inc.^(a)		950		33,583
National Instruments Corp.		9,155		403,827
nLight, Inc.^(a)		2,780		96,438
Novanta, Inc.^(a)		2,384		334,737
OSI Systems, Inc.^(a)		1,088		108,854
Ouster, Inc.^(a)(b)		1,880		17,277
PAR Technology Corp.^(a)		2,004		122,344
PC Connection, Inc.		673		32,008
Plexus Corp.^(a)		1,940		175,221
Rogers Corp.^(a)		1,269		241,871
Sanmina Corp.^(a)		4,377		168,164
ScanSource, Inc.^(a)		1,642		45,303
SYNNEX Corp.		2,923		349,415
TTM Technologies, Inc.^(a)		7,047		98,588
Velodyne Lidar, Inc.^(a)(b)		4,595		36,806
Vishay Intertechnology, Inc.		9,055		200,387
Vishay Precision Group, Inc.^(a)		1,349		49,009
Vontier Corp.		12,256		396,482

				9,974,814

Energy Equipment & Services — 0.4%
Archrock, Inc.		11,746		101,133
Aspen Aerogels, Inc.^(a)(b)		1,443		54,329
Bristow Group, Inc.^(a)		470		12,211
Cactus, Inc., Class A		3,607		129,996
ChampionX Corp.^(a)		14,121		328,172
DMC Global, Inc.^(a)		1,199		52,480
Dril-Quip, Inc.^(a)		2,359		67,420
Frank’s International NV^(a)		11,062		30,420
FTS International, Inc., Class A^(a)		539		10,532
Helix Energy Solutions Group, Inc.^(a)		9,371		38,890
Helmerich & Payne, Inc.		7,579		217,290
Liberty Oilfield Services, Inc., Class A^(a)		5,701		58,093
Nabors Industries Ltd.^(a)		479		41,917
National Energy Services Reunited Corp.^(a)		1,874		24,175
Newpark Resources, Inc.^(a)		5,916		19,109
NexTier Oilfield Solutions, Inc.^(a)		11,147		42,582
NOV, Inc.^(a)		29,347		405,282
Oceaneering International, Inc.^(a)		6,657		88,272
Oil States International, Inc.^(a)		4,122		23,330
Patterson-UTI Energy, Inc.		12,933		103,723
ProPetro Holding Corp.^(a)		5,535		41,789
RPC, Inc.^(a)		4,756		19,975
Select Energy Services, Inc., Class A^(a)		3,726		22,170
Solaris Oilfield Infrastructure, Inc., Class A		2,026		17,626
TETRA Technologies, Inc.^(a)		7,821		24,167
Tidewater, Inc.^(a)		2,717		30,756
U.S. Silica Holdings, Inc.^(a)		4,859		49,076

				2,054,915

Entertainment — 0.8%
AMC Entertainment Holdings, Inc., Class A^(a)(b)		28,775		1,065,251


Security	Shares		Value

Entertainment (continued)
Chicken Soup For The Soul Entertainment, Inc.^(a)		734	$	26,336
Cinemark Holdings, Inc.^(a)		7,381		114,627
CuriosityStream, Inc.^(a)(b)		1,667		18,320
Eros STX Global Corp.^(a)		20,302		22,129
IMAX Corp.^(a)		4,735		76,423
Liberty Media Corp.-Liberty Braves, Class A^(a)		524		13,907
Liberty Media Corp.-Liberty Braves, Class C^(a)		2,493		65,940
Liberty Media Corp.-Liberty Formula One, Class A^(a)		1,688		69,985
Liberty Media Corp.-Liberty Formula One, Class C^(a)		14,515		681,189
Lions Gate Entertainment Corp., Class A^(a)(b)		4,068		61,142
Lions Gate Entertainment Corp., Class B^(a)		7,698		102,845
LiveXLive Media, Inc.^(a)(b)		3,900		13,806
Madison Square Garden Entertainment Corp.^(a)		1,618		113,195
Madison Square Garden Sports Corp.^(a)		1,437		233,857
Marcus Corp.^(a)		1,514		24,330
Playtika Holding Corp.^(a)		5,212		115,863
Skillz, Inc.^(a)(b)		20,188		284,247
World Wrestling Entertainment, Inc., Class A		3,038		150,016
Zynga, Inc., Class A^(a)(b)		71,288		720,009

				3,973,417

Equity Real Estate Investment Trusts (REITs) — 7.8%
Acadia Realty Trust		5,755		123,157
Agree Realty Corp.		4,501		338,250
Alexander & Baldwin, Inc.		6,312		126,366
Alexander’s, Inc.		134		37,365
American Assets Trust, Inc.		3,981		147,018
American Campus Communities, Inc.		9,475		476,687
American Finance Trust, Inc.		9,666		81,871
American Homes 4 Rent, Class A		19,531		820,302
Americold Realty Trust		17,909		695,765
Apartment Income REIT Corp.		11,204		589,779
Apartment Investment and Management Co., Class A		9,897		68,883
Apple Hospitality REIT, Inc.		15,187		227,046
Armada Hoffler Properties, Inc.		3,840		49,920
Ashford Hospitality Trust, Inc.^(a)		711		11,518
Braemar Hotels & Resorts, Inc.^(a)		2,829		14,428
Brandywine Realty Trust		11,304		157,804
Brixmor Property Group, Inc.		21,274		489,727
Broadstone Net Lease, Inc.		9,626		250,469
BRT Apartments Corp.		862		15,145
Camden Property Trust		6,676		997,328
CareTrust REIT, Inc.		5,738		138,401
Catchmark Timber Trust, Inc., Class A		3,422		40,003
Centerspace		867		78,030
Chatham Lodging Trust^(a)		5,191		63,745
City Office REIT, Inc.		2,726		35,084
Clipper Realty, Inc.		722		6,007
Columbia Property Trust, Inc.		7,627		127,142
Community Healthcare Trust, Inc.		2,048		102,052
CorePoint Lodging, Inc.^(a)		4,223		56,757
CoreSite Realty Corp.		3,069		424,166
Corporate Office Properties Trust		8,102		238,523
Cousins Properties, Inc.		10,087		400,656
CTO Realty Growth, Inc.		415		23,319
CubeSmart		14,299		710,088
CyrusOne, Inc.		8,698		619,906
DiamondRock Hospitality Co.^(a)		12,470		107,367
DigitalBridge Group, Inc.^(a)		35,857		249,565
Diversified Healthcare Trust		15,842		61,784
Douglas Emmett, Inc.		12,008		401,067
Easterly Government Properties, Inc.		5,827		132,273
EastGroup Properties, Inc.		2,803		493,945


Security	Shares		Value

Equity Real Estate Investment Trusts (REITs) (continued)
Empire State Realty Trust, Inc., Class A		9,433	$	107,819
EPR Properties		5,046		253,814
Equity Commonwealth		7,935		208,611
Equity LifeStyle Properties, Inc.		12,236		1,025,377
Essential Properties Realty Trust, Inc.		7,948		236,850
Farmland Partners, Inc.		1,772		22,327
Federal Realty Investment Trust		5,509		647,473
First Industrial Realty Trust, Inc.		9,060		496,307
Four Corners Property Trust, Inc.		4,980		142,976
Franklin Street Properties Corp.		6,638		34,650
Gaming and Leisure Properties, Inc.		15,762		746,173
Geo Group, Inc.		7,298		50,502
Getty Realty Corp.		2,609		82,418
Gladstone Commercial Corp.		3,405		78,928
Gladstone Land Corp.		2,642		61,611
Global Medical REIT, Inc.		5,068		78,858
Global Net Lease, Inc.		7,630		140,926
Healthcare Realty Trust, Inc.		10,235		326,292
Healthcare Trust of America, Inc., Class A		15,597		445,918
Hersha Hospitality Trust^(a)		2,133		20,072
Highwoods Properties, Inc.		7,363		351,141
Host Hotels & Resorts, Inc.^(a)		49,853		794,158
Hudson Pacific Properties, Inc.		9,979		272,028
Independence Realty Trust, Inc.		6,885		132,743
Indus Realty Trust, Inc.		333		22,494
Industrial Logistics Properties Trust		4,415		119,646
Innovative Industrial Properties, Inc.		1,661		357,098
Iron Mountain, Inc.		20,322		889,291
iStar, Inc.		4,724		114,463
JBG SMITH Properties		8,515		277,844
Kilroy Realty Corp.		8,229		570,023
Kimco Realty Corp.		29,444		628,041
Kite Realty Group Trust		6,719		135,455
Lamar Advertising Co., Class A		6,128		653,245
Lexington Realty Trust		18,559		244,051
Life Storage, Inc.		5,422		636,326
LTC Properties, Inc.		3,093		117,070
Macerich Co.		13,423		218,795
Mack-Cali Realty Corp.		5,817		104,706
Medical Properties Trust, Inc.		41,293		868,392
Monmouth Real Estate Investment Corp.		7,849		149,445
National Health Investors, Inc.		2,962		202,097
National Retail Properties, Inc.		12,547		613,172
National Storage Affiliates Trust		5,628		304,869
NETSTREIT Corp.		2,560		66,432
New Senior Investment Group, Inc.		5,636		51,964
NexPoint Residential Trust, Inc.		1,450		85,477
Office Properties Income Trust		3,225		93,460
Omega Healthcare Investors, Inc.		16,905		613,313
One Liberty Properties, Inc.		1,163		35,576
Outfront Media, Inc.^(a)		9,831		234,863
Paramount Group, Inc.		14,766		144,116
Park Hotels & Resorts, Inc.^(a)		16,583		306,785
Pebblebrook Hotel Trust		9,430		212,081
Physicians Realty Trust		14,530		275,343
Piedmont Office Realty Trust, Inc., Class A		9,445		179,644
Plymouth Industrial REIT, Inc.		2,970		68,548
Postal Realty Trust, Inc., Class A		763		14,665
PotlatchDeltic Corp.		4,702		244,222
Preferred Apartment Communities, Inc., Class A		3,343		35,235
PS Business Parks, Inc.		1,510		232,042
QTS Realty Trust, Inc., Class A		4,973		386,452


Security	Shares		Value

Equity Real Estate Investment Trusts (REITs) (continued)
Rayonier, Inc.		10,040	$	378,608
Regency Centers Corp.		12,058		788,714
Retail Opportunity Investments Corp.		8,849		156,362
Retail Properties of America, Inc., Class A		15,802		199,263
Retail Value, Inc.		1,169		28,570
Rexford Industrial Realty, Inc.		9,535		586,593
RLJ Lodging Trust		12,107		173,735
RPT Realty		5,411		68,936
Ryman Hospitality Properties, Inc.^(a)		3,947		302,735
Sabra Health Care REIT, Inc.		15,794		293,610
Safehold, Inc.^(b)		1,169		105,584
Saul Centers, Inc.		846		38,578
Seritage Growth Properties, Class A^(a)		2,386		37,866
Service Properties Trust		10,815		120,371
SITE Centers Corp.		12,688		201,232
SL Green Realty Corp.		5,071		377,587
Spirit Realty Capital, Inc.		8,044		403,970
STAG Industrial, Inc.		10,868		449,066
STORE Capital Corp.		17,523		634,157
Summit Hotel Properties, Inc.^(a)		9,510		85,685
Sunstone Hotel Investors, Inc.^(a)		15,889		183,359
Tanger Factory Outlet Centers, Inc.		6,549		112,446
Terreno Realty Corp.		4,785		327,103
UMH Properties, Inc.		2,620		60,994
Uniti Group, Inc.		13,283		155,544
Universal Health Realty Income Trust		901		53,835
Urban Edge Properties		7,624		144,856
Urstadt Biddle Properties, Inc., Class A		2,994		57,096
VEREIT, Inc.		16,362		801,247
VICI Properties, Inc.		38,254		1,193,142
Vornado Realty Trust		12,513		544,315
Washington Real Estate Investment Trust		5,637		136,923
Weingarten Realty Investors		8,860		285,203
Whitestone REIT		2,346		20,762
Xenia Hotels & Resorts, Inc.^(a)		7,751		137,038

				37,138,506

Food & Staples Retailing — 0.7%
Albertsons Cos., Inc., Class A^(b)		10,570		228,312
Andersons, Inc.		2,054		54,842
BJ’s Wholesale Club Holdings, Inc.^(a)		9,767		494,601
Casey’s General Stores, Inc.		2,663		526,502
Chefs’ Warehouse, Inc.^(a)		2,080		60,154
Grocery Outlet Holding Corp.^(a)		6,684		221,374
HF Foods Group, Inc.^(a)(b)		2,066		10,681
Ingles Markets, Inc., Class A		1,325		79,182
MedAvail Holdings, Inc.^(a)		687		5,798
Natural Grocers by Vitamin Cottage, Inc.		452		5,053
Performance Food Group Co.^(a)		9,096		416,779
PriceSmart, Inc.		1,874		168,173
Rite Aid Corp.^(a)(b)		3,625		55,100
SpartanNash Co.		2,462		47,886
Sprouts Farmers Market, Inc.^(a)(b)		8,117		199,516
United Natural Foods, Inc.^(a)		3,811		126,220
US Foods Holding Corp.^(a)		15,991		549,131
Village Super Market, Inc., Class A		548		12,357
Weis Markets, Inc.		1,071		56,388

				3,318,049

Food Products — 1.4%
AppHarvest, Inc.^(a)(b)		3,116		37,143
B&G Foods, Inc.		4,378		125,736
Beyond Meat, Inc.^(a)(b)		4,108		504,052
Bunge Ltd.		9,845		764,267


Security	Shares		Value

Food Products (continued)
Calavo Growers, Inc.		1,244	$	70,087
Cal-Maine Foods, Inc.^(b)		2,349		81,957
Darling Ingredients, Inc.^(a)		11,567		798,933
Flowers Foods, Inc.		13,981		329,392
Fresh Del Monte Produce, Inc.		2,219		68,478
Freshpet, Inc.^(a)		2,829		414,307
Hain Celestial Group, Inc.^(a)		5,789		231,039
Hostess Brands, Inc.^(a)(b)		10,705		172,243
Ingredion, Inc.		4,656		408,843
J&J Snack Foods Corp.		1,016		167,010
John B Sanfilippo & Son, Inc.		855		78,968
Laird Superfood, Inc.^(a)(b)		384		10,714
Lamb Weston Holdings, Inc.		10,425		696,077
Lancaster Colony Corp.		1,301		257,429
Landec Corp.^(a)		1,554		17,001
Limoneira Co.		1,018		18,232
Mission Produce, Inc.^(a)		2,362		45,752
Pilgrim’s Pride Corp.^(a)		3,150		69,772
Post Holdings, Inc.^(a)(b)		4,297		439,755
Sanderson Farms, Inc.		1,500		280,260
Seaboard Corp.		16		65,760
Seneca Foods Corp., Class A^(a)		468		25,618
Simply Good Foods Co.^(a)		5,795		217,197
Tattooed Chef, Inc.^(a)(b)		3,302		65,115
Tootsie Roll Industries, Inc.		1,118		38,448
TreeHouse Foods, Inc.^(a)		3,570		158,508
Utz Brands, Inc.		4,070		92,145
Vital Farms, Inc.^(a)(b)		1,638		28,518
Whole Earth Brands, Inc.^(a)		2,367		30,440

				6,809,196

Gas Utilities — 0.6%
Brookfield Infrastructure Corp., Class A		2,488		161,123
Chesapeake Utilities Corp.		1,336		166,452
National Fuel Gas Co.		6,166		317,117
New Jersey Resources Corp.		6,561		252,730
Northwest Natural Holding Co.		2,111		110,384
ONE Gas, Inc.		3,888		286,857
South Jersey Industries, Inc.		7,018		176,643
Southwest Gas Holdings, Inc.		3,907		273,216
Spire, Inc.		3,423		242,862
UGI Corp.		14,829		681,986

				2,669,370

Health Care Equipment & Supplies — 2.6%
Accelerate Diagnostics, Inc.^(a)(b)		2,013		15,017
Accuray, Inc.^(a)(b)		6,238		25,576
Acutus Medical, Inc.^(a)		1,127		17,356
Alphatec Holdings, Inc.^(a)		6,123		90,253
AngioDynamics, Inc.^(a)		2,477		65,962
Apyx Medical Corp.^(a)		2,142		19,278
Asensus Surgical, Inc.^(a)(b)		15,224		35,624
Aspira Women’s Health, Inc.^(a)(b)		4,946		22,158
AtriCure, Inc.^(a)		3,049		257,518
Atrion Corp.		88		55,347
Avanos Medical, Inc.^(a)		3,182		120,725
Axogen, Inc.^(a)		2,518		51,292
Axonics, Inc.^(a)		2,841		193,046
BioLife Solutions, Inc.^(a)		1,592		74,665
Bioventus, Inc., Class A^(a)		600		9,354
Butterfly Network, Inc.^(a)		2,118		22,747
Cardiovascular Systems, Inc.^(a)		3,160		127,316
Cerus Corp.^(a)(b)		15,908		80,176


Security	Shares		Value

Health Care Equipment & Supplies (continued)
ClearPoint Neuro, Inc.^(a)		1,197	$	26,609
CONMED Corp.		2,052		283,053
CryoLife, Inc.^(a)		2,506		67,662
CryoPort, Inc.^(a)		2,763		170,532
Cutera, Inc.^(a)		1,152		59,846
CytoSorbents Corp.^(a)		2,566		19,527
DarioHealth Corp.^(a)		859		12,748
Eargo, Inc.^(a)		1,255		45,180
Envista Holdings Corp.^(a)		11,657		502,184
Glaukos Corp.^(a)		3,198		163,098
Globus Medical, Inc., Class A^(a)		5,537		460,512
Haemonetics Corp.^(a)		3,423		208,084
Heska Corp.^(a)		712		171,378
Hill-Rom Holdings, Inc.		4,736		655,747
ICU Medical, Inc.^(a)		1,355		275,458
Inari Medical, Inc.^(a)		2,435		218,639
Inogen, Inc.^(a)		1,307		104,259
Integer Holdings Corp.^(a)		2,226		217,903
Integra LifeSciences Holdings Corp.^(a)		5,035		364,484
Intersect ENT, Inc.^(a)		2,296		53,612
Invacare Corp.^(a)		5,373		38,847
iRadimed Corp.^(a)		385		12,959
iRhythm Technologies, Inc.^(a)		2,016		103,058
Lantheus Holdings, Inc.^(a)		5,316		139,120
LeMaitre Vascular, Inc.		1,643		89,478
LivaNova PLC^(a)		3,347		288,846
Masimo Corp.^(a)		3,553		967,802
Meridian Bioscience, Inc.^(a)		2,898		59,409
Merit Medical Systems, Inc.^(a)		3,699		259,263
Mesa Laboratories, Inc.		330		97,188
Misonix, Inc.^(a)		828		21,975
Natus Medical, Inc.^(a)		3,168		84,586
Neogen Corp.^(a)		7,456		324,783
Neuronetics, Inc.^(a)		1,609		21,335
NeuroPace, Inc.^(a)		410		8,733
Nevro Corp.^(a)		2,393		370,915
NuVasive, Inc.^(a)		3,890		248,765
OraSure Technologies, Inc.^(a)		4,505		53,114
Ortho Clinical Diagnostics Holdings PLC^(a)		5,996		134,730
Orthofix Medical, Inc.^(a)		1,696		67,399
OrthoPediatrics Corp.^(a)		930		58,441
Outset Medical, Inc.^(a)		3,698		151,470
PAVmed, Inc.^(a)		4,402		30,242
Penumbra, Inc.^(a)		2,407		640,816
Pulmonx Corp.^(a)		2,238		88,759
Pulse Biosciences, Inc.^(a)		886		18,163
Quidel Corp.^(a)		2,729		386,072
Quotient Ltd.^(a)		5,519		18,820
Retractable Technologies, Inc.^(a)(b)		1,180		13,889
SeaSpine Holdings Corp.^(a)		2,063		40,414
Senseonics Holdings, Inc.^(a)(b)		27,179		83,439
Shockwave Medical, Inc.^(a)		2,449		445,718
SI-BONE, Inc.^(a)		2,887		87,592
Sientra, Inc.^(a)		3,867		31,903
Silk Road Medical, Inc.^(a)		2,209		110,848
Soliton, Inc.^(a)		617		13,531
STAAR Surgical Co.^(a)		3,382		432,625
Stereotaxis, Inc.^(a)		3,223		29,361
Surmodics, Inc.^(a)		1,320		72,745
Tactile Systems Technology, Inc.^(a)		1,751		85,764
Talis Biomedical Corp.^(a)		936		9,641
Tandem Diabetes Care, Inc.^(a)		4,246		461,413


Security	Shares		Value

Health Care Equipment & Supplies (continued)
TransMedics Group, Inc.^(a)		1,708	$	48,712
Treace Medical Concepts, Inc.^(a)		689		20,849
Utah Medical Products, Inc.		201		17,969
Vapotherm, Inc.^(a)		1,488		38,480
Varex Imaging Corp.^(a)		2,519		68,769
ViewRay, Inc.^(a)		8,895		59,063
Zynex, Inc.^(a)(b)		1,149		15,960

				12,337,698

Health Care Providers & Services — 2.5%
1Life Healthcare, Inc.^(a)		8,241		222,837
Acadia Healthcare Co., Inc.^(a)		6,454		398,341
Accolade, Inc.^(a)		3,663		171,465
AdaptHealth Corp.^(a)		5,364		120,100
Addus HomeCare Corp.^(a)		1,294		112,306
Agiliti, Inc.^(a)		1,417		27,759
Agilon Health, Inc.^(a)(b)		3,931		144,621
Alignment Healthcare, Inc.^(a)		1,625		33,849
Amedisys, Inc.^(a)		2,299		599,165
AMN Healthcare Services, Inc.^(a)		3,431		345,021
Apollo Medical Holdings, Inc.^(a)		2,694		238,069
Apria, Inc.^(a)		564		17,783
Aveanna Healthcare Holdings, Inc.^(a)		2,434		25,168
Biodesix, Inc.^(a)		817		7,672
Brookdale Senior Living, Inc.^(a)		12,238		92,030
Castle Biosciences, Inc.^(a)		1,462		102,121
Chemed Corp.		1,110		528,382
Community Health Systems, Inc.^(a)		8,439		112,407
CorVel Corp.^(a)		764		107,586
Covetrus, Inc.^(a)		7,057		179,671
Cross Country Healthcare, Inc.^(a)		2,424		39,802
Encompass Health Corp.		7,060		587,745
Ensign Group, Inc.		3,688		313,738
Exagen, Inc.^(a)		640		7,629
Fulgent Genetics, Inc.^(a)		1,387		127,951
Guardant Health, Inc.^(a)		6,455		708,759
Hanger, Inc.^(a)		2,498		61,301
HealthEquity, Inc.^(a)		5,875		434,632
Henry Schein, Inc.^(a)		10,004		801,821
InfuSystem Holdings, Inc.^(a)		1,139		20,787
Innovage Holding Corp.^(a)		1,143		19,271
Joint Corp.^(a)		934		73,777
LHC Group, Inc.^(a)		2,181		469,308
Magellan Health, Inc.^(a)		1,677		158,175
MEDNAX, Inc.^(a)		5,210		151,715
ModivCare, Inc.^(a)		845		143,650
Molina Healthcare, Inc.^(a)		4,081		1,114,154
National HealthCare Corp.		886		68,798
National Research Corp.		840		44,335
Ontrak, Inc.^(a)(b)		623		16,827
Option Care Health, Inc.^(a)		7,480		154,986
Owens & Minor, Inc.		4,947		228,799
Patterson Cos., Inc.		5,879		183,013
Pennant Group, Inc.^(a)		1,696		58,037
PetIQ, Inc.^(a)		1,720		60,819
Premier, Inc., Class A		8,286		295,313
Privia Health Group, Inc.^(a)		1,259		52,249
Progyny, Inc.^(a)		4,480		249,491
R1 RCM, Inc.^(a)		8,882		190,164
RadNet, Inc.^(a)		2,925		107,464
Select Medical Holdings Corp.		7,471		294,731
Sharps Compliance Corp.^(a)(b)		815		8,134


Security	Shares		Value

Health Care Providers & Services (continued)
Signify Health, Inc., Class A^(a)(b)		1,467	$	38,611
SOC Telemed, Inc.^(a)		2,538		11,649
Surgery Partners, Inc.^(a)		2,155		117,577
Tenet Healthcare Corp.^(a)		7,610		546,702
Tivity Health, Inc.^(a)		2,881		72,255
Triple-S Management Corp., Class B^(a)		1,675		40,753
U.S. Physical Therapy, Inc.		1,014		119,814
Viemed Healthcare, Inc.^(a)		2,309		16,071

				11,797,160

Health Care Technology — 0.7%
Allscripts Healthcare Solutions, Inc.^(a)		10,906		186,274
American Well Corp., Class A^(a)(b)		13,315		155,120
Castlight Health, Inc., Class B^(a)		7,423		17,296
Certara, Inc.^(a)		2,245		61,086
Change Healthcare, Inc.^(a)		17,974		390,216
Computer Programs & Systems, Inc.		1,686		53,227
Evolent Health, Inc., Class A^(a)		5,151		118,164
Forian, Inc.^(a)		1,131		12,079
Health Catalyst, Inc.^(a)(b)		3,283		190,611
HealthStream, Inc.^(a)		1,675		48,927
Icad, Inc.^(a)		1,423		20,861
Inovalon Holdings, Inc., Class A^(a)		5,129		194,286
Inspire Medical Systems, Inc.^(a)		1,961		359,177
Multiplan Corp.^(a)(b)		27,157		218,614
NantHealth, Inc.^(a)(b)		1,522		3,044
NextGen Healthcare, Inc.^(a)		5,201		84,360
Omnicell, Inc.^(a)		2,915		427,047
OptimizeRx Corp.^(a)		1,095		60,521
Phreesia, Inc.^(a)		2,814		192,337
Schrodinger, Inc./United States^(a)(b)		3,425		231,770
Simulations Plus, Inc.		1,015		47,898
Tabula Rasa HealthCare, Inc.^(a)		1,489		63,967
Vocera Communications, Inc.^(a)(b)		2,272		95,333

				3,232,215

Hotels, Restaurants & Leisure — 2.3%
Accel Entertainment, Inc.^(a)		3,468		38,356
Aramark		16,642		584,634
Bally’s Corp.^(a)		2,229		109,778
Biglari Holdings, Inc., Class B^(a)		53		8,716
BJ’s Restaurants, Inc.^(a)		2,100		85,218
Bloomin’ Brands, Inc.^(a)		6,029		151,509
Bluegreen Vacations Holding Corp.^(a)		727		12,584
Boyd Gaming Corp.^(a)		6,160		351,120
Brinker International, Inc.^(a)		3,077		167,204
Carrols Restaurant Group, Inc.^(a)		2,399		11,779
Century Casinos, Inc.^(a)		1,954		21,904
Cheesecake Factory, Inc.^(a)		3,244		146,824
Choice Hotels International, Inc.		2,336		280,086
Churchill Downs, Inc.		2,670		496,086
Chuy’s Holdings, Inc.^(a)		1,332		43,956
Cracker Barrel Old Country Store, Inc.		1,604		218,433
Dave & Buster’s Entertainment, Inc.^(a)		2,971		98,875
Del Taco Restaurants, Inc.		4,569		38,882
Denny’s Corp.^(a)(b)		5,418		76,231
Dine Brands Global, Inc.^(a)		1,073		83,125
Drive Shack, Inc.^(a)		5,256		13,245
El Pollo Loco Holdings, Inc.^(a)		1,165		21,681
Esports Technologies, Inc.^(a)(b)		209		4,753
Everi Holdings, Inc.^(a)		5,501		124,818
Fiesta Restaurant Group, Inc.^(a)		1,171		15,680
Full House Resorts, Inc.^(a)		2,082		17,218


Security	Shares		Value

Hotels, Restaurants & Leisure (continued)
GAN Ltd.^(a)(b)		2,624	$	40,147
Golden Entertainment, Inc.^(a)		1,123		51,108
Golden Nugget Online Gaming, Inc.^(a)		2,050		23,493
Hall of Fame Resort & Entertainment Co.^(a)		3,525		10,434
Hilton Grand Vacations, Inc.^(a)		6,142		249,795
Hyatt Hotels Corp., Class A^(a)		2,686		214,531
International Game Technology PLC^(a)		6,811		127,706
Jack in the Box, Inc.		1,561		169,931
Kura Sushi USA, Inc., Class A^(a)		244		11,863
Lindblad Expeditions Holdings, Inc.^(a)		1,903		26,052
Marriott Vacations Worldwide Corp.^(a)		3,080		453,900
Monarch Casino & Resort, Inc.^(a)(b)		1,220		77,897
Nathan’s Famous, Inc.		139		8,931
NEOGAMES SA^(a)		376		18,142
Noodles & Co.^(a)(b)		4,594		54,852
Norwegian Cruise Line Holdings Ltd.^(a)(b)		26,671		640,904
ONE Group Hospitality, Inc.^(a)		1,228		11,236
Papa John’s International, Inc.		2,235		255,058
Penn National Gaming, Inc.^(a)(b)		11,176		764,215
Planet Fitness, Inc., Class A^(a)		5,756		433,024
PlayAGS, Inc.^(a)		1,936		15,023
RCI Hospitality Holdings, Inc.		587		36,840
Red Robin Gourmet Burgers, Inc.^(a)		1,082		28,381
Red Rock Resorts, Inc., Class A^(a)		4,177		164,574
Rush Street Interactive, Inc.^(a)(b)		3,370		33,195
Ruth’s Hospitality Group, Inc.^(a)		2,288		45,691
Scientific Games Corp., Class A^(a)		6,911		426,478
SeaWorld Entertainment, Inc.^(a)		3,796		179,968
Shake Shack, Inc., Class A^(a)		2,533		254,668
Six Flags Entertainment Corp.^(a)		5,302		220,298
Target Hospitality Corp.^(a)		1,352		4,840
Texas Roadhouse, Inc.		4,844		446,472
Travel + Leisure Co.		6,345		328,671
Vail Resorts, Inc.^(a)		2,862		873,482
Wendy’s Co.		12,085		280,493
Wingstop, Inc.		2,151		368,488
Wyndham Hotels & Resorts, Inc.		6,321		455,491

				11,028,967

Household Durables — 1.8%
Aterian, Inc.^(a)		1,292		11,667
Bassett Furniture Industries, Inc.		589		13,417
Beazer Homes USA, Inc.^(a)		1,948		35,570
Casper Sleep, Inc.^(a)		2,035		14,062
Cavco Industries, Inc.^(a)		617		144,995
Century Communities, Inc.		2,050		142,373
Ethan Allen Interiors, Inc.		1,559		37,057
Flexsteel Industries, Inc.		414		14,283
GoPro, Inc., Class A^(a)		8,592		87,982
Green Brick Partners, Inc.^(a)		2,031		50,917
Hamilton Beach Brands Holding Co., Class A		434		8,111
Helen of Troy Ltd.^(a)(b)		1,749		390,709
Hooker Furniture Corp.		737		24,461
Hovnanian Enterprises, Inc., Class A^(a)		330		34,449
Installed Building Products, Inc.		1,610		193,200
iRobot Corp.^(a)		1,901		166,337
KB Home		6,036		256,168
La-Z-Boy, Inc.		3,559		119,511
Legacy Housing Corp.^(a)		600		10,584
Leggett & Platt, Inc.		9,625		462,289
LGI Homes, Inc.^(a)(b)		1,635		279,421
Lifetime Brands, Inc.		937		14,121


Security	Shares		Value

Household Durables (continued)
Lovesac Co.^(a)(b)		838	$	50,867
M/I Homes, Inc.^(a)		1,873		121,202
MDC Holdings, Inc.		4,235		225,810
Meritage Homes Corp.^(a)		2,742		297,726
Mohawk Industries, Inc.^(a)		4,043		787,981
Newell Brands, Inc.		27,217		673,621
PulteGroup, Inc.		18,545		1,017,564
Purple Innovation, Inc.^(a)		3,472		91,452
Skyline Champion Corp.^(a)		3,984		224,698
Sonos, Inc.^(a)		8,174		272,848
Taylor Morrison Home Corp.^(a)		9,673		259,430
Tempur Sealy International, Inc.		13,129		568,092
Toll Brothers, Inc.		7,751		459,402
TopBuild Corp.^(a)		2,362		478,754
Tri Pointe Homes, Inc.^(a)		8,644		208,493
Tupperware Brands Corp.^(a)		3,418		71,402
Universal Electronics, Inc.^(a)		894		41,786
VOXX International Corp.^(a)		1,092		12,471
Vuzix Corp.^(a)(b)		3,837		56,788

				8,432,071

Household Products — 0.2%
Central Garden & Pet Co.^(a)(b)		788		38,053
Central Garden & Pet Co., Class A^(a)		2,682		116,157
Energizer Holdings, Inc.		4,676		200,367
Oil-Dri Corp. of America		264		9,390
Reynolds Consumer Products Inc.		3,706		105,436
Spectrum Brands Holdings, Inc.		2,858		249,646
WD-40 Co.		1,024		248,822

				967,871

Independent Power and Renewable Electricity Producers — 0.4%
Brookfield Renewable Corp., Class A		9,281		393,886
Clearway Energy, Inc., Class A		2,460		66,297
Clearway Energy, Inc., Class C		5,470		156,880
Ormat Technologies, Inc.		3,075		214,450
Sunnova Energy International, Inc.^(a)(b)		5,820		221,742
Vistra Corp.		34,303		656,902

				1,710,157

Industrial Conglomerates — 0.0%
Raven Industries, Inc.		2,439		142,072


Insurance — 3.1%
Alleghany Corp.^(a)		981		650,501
Ambac Financial Group, Inc.^(a)		3,051		44,301
American Equity Investment Life Holding Co.		5,796		185,994
American Financial Group, Inc.		4,891		618,663
American National Group, Inc.		498		82,160
AMERISAFE, Inc.		1,320		75,504
Argo Group International Holdings Ltd.		2,546		132,723
Assurant, Inc.		4,296		677,952
Assured Guaranty Ltd.		4,734		226,333
Athene Holding Ltd., Class A^(a)		8,312		537,121
Axis Capital Holdings Ltd.		5,812		295,656
Brighthouse Financial, Inc.^(a)		6,527		281,053
Brown & Brown, Inc.		16,719		909,514
BRP Group, Inc., Class A^(a)		3,048		83,088
Citizens, Inc.^(a)		3,245		17,393
CNO Financial Group, Inc.		9,138		208,712
Crawford & Co., Class A		1,123		11,870
Donegal Group, Inc., Class A		1,267		19,600
eHealth, Inc.^(a)		1,691		87,949
Employers Holdings, Inc.		1,304		54,142


Security	Shares		Value

Insurance (continued)
Enstar Group Ltd.^(a)		1,018	$	261,646
Erie Indemnity Co., Class A		1,720		318,011
Everest Re Group Ltd.		2,860		723,094
First American Financial Corp.		7,266		489,074
Genworth Financial, Inc., Class A^(a)		33,748		112,718
Globe Life, Inc.		7,259		675,885
GoHealth, Inc., Class A^(a)		3,145		27,676
Goosehead Insurance, Inc., Class A		1,204		144,709
Greenlight Capital Re Ltd., Class A^(a)		2,446		21,525
Hanover Insurance Group, Inc.		2,519		342,332
HCI Group, Inc.		376		37,780
Heritage Insurance Holdings, Inc.		1,645		12,074
Horace Mann Educators Corp.		2,534		100,879
Independence Holding Co.		253		11,319
Investors Title Co.		73		12,157
James River Group Holdings Ltd.		2,003		72,869
Kemper Corp.		4,501		297,111
Kinsale Capital Group, Inc.		1,464		261,536
Lemonade, Inc.^(a)(b)		2,883		250,994
Maiden Holdings Ltd.^(a)		4,289		14,497
MBIA, Inc.^(a)(b)		2,986		38,967
Mercury General Corp.		2,120		128,960
MetroMile, Inc.^(a)(b)		2,375		16,839
National Western Life Group, Inc., Class A		157		32,639
NI Holdings, Inc.^(a)(b)		788		15,579
Old Republic International Corp.		20,726		511,103
Palomar Holdings, Inc.^(a)		1,681		136,884
Primerica, Inc.		2,699		394,648
ProAssurance Corp.		2,856		57,920
ProSight Global, Inc.^(a)(b)		486		6,201
Reinsurance Group of America, Inc.		4,872		536,797
RenaissanceRe Holdings Ltd.		3,343		510,443
RLI Corp.		2,729		295,769
Safety Insurance Group, Inc.		854		65,433
Selective Insurance Group, Inc.		4,323		351,676
Selectquote, Inc.^(a)		9,148		162,834
SiriusPoint Ltd.^(a)(b)		8,526		83,555
State Auto Financial Corp.		1,225		61,250
Stewart Information Services Corp.		1,624		95,832
Tiptree, Inc.		1,526		14,665
Trean Insurance Group, Inc.^(a)		1,099		14,825
Trupanion, Inc.^(a)		2,698		310,324
United Fire Group, Inc.		1,302		32,446
United Insurance Holdings Corp.		1,333		5,839
Universal Insurance Holdings, Inc.		1,866		26,423
Unum Group		14,833		406,424
W.R. Berkley Corp.		9,892		723,798
White Mountains Insurance Group Ltd.		204		230,840

				14,657,028

Interactive Media & Services^(a)— 0.3%
Cargurus, Inc.		6,335		181,181
Cars.com, Inc.		4,406		53,225
Eventbrite, Inc., Class A		5,198		92,368
EverQuote, Inc., Class A		1,991		60,088
fuboTV, Inc.		8,976		233,735
Liberty TripAdvisor Holdings, Inc., Class A		5,186		21,677
MediaAlpha, Inc., Class A		1,382		46,159
QuinStreet, Inc.		3,339		61,237
TripAdvisor, Inc.		6,744		255,935


Security	Shares		Value

Interactive Media & Services (continued)
TrueCar, Inc.		6,796	$	35,747
Vimeo, Inc.		8,621		386,221
Yelp, Inc.		5,279		197,435

				1,625,008

Internet & Direct Marketing Retail — 0.4%
1-800-Flowers.com, Inc., Class A^(a)(b)		1,767		53,894
CarParts.com, Inc.^(a)		3,123		54,996
Duluth Holdings, Inc., Class B^(a)(b)		688		10,299
Groupon, Inc.^(a)		1,573		57,210
Lands’ End, Inc.^(a)(b)		952		36,490
Liquidity Services, Inc.^(a)		1,697		33,668
Overstock.com, Inc.^(a)		3,251		226,400
PetMed Express, Inc.		1,344		42,188
Porch Group, Inc.^(a)		1,031		19,104
Quotient Technology, Inc.^(a)		5,899		64,063
Qurate Retail, Inc., Series A		27,303		323,814
RealReal, Inc.^(a)(b)		5,431		89,666
Revolve Group, Inc.^(a)		2,432		169,292
Shutterstock, Inc.		1,594		172,933
Stamps.com, Inc.^(a)		1,283		419,233
Stitch Fix, Inc., Class A^(a)		4,020		216,758

				1,990,008

IT Services — 2.5%
Alliance Data Systems Corp.		3,393		316,397
Amdocs Ltd.		9,211		710,260
BigCommerce Holdings, Inc., Series-1^(a)		3,188		206,455
BM Technologies, Inc.^(a)		311		3,119
Brightcove, Inc.^(a)		2,788		31,978
Cantaloupe, Inc.^(a)		3,765		38,930
Cass Information Systems, Inc.		1,444		63,666
Concentrix Corp.^(a)		2,904		475,472
Conduent, Inc.^(a)		11,148		74,803
CSG Systems International, Inc.		2,107		95,574
DigitalOcean Holdings, Inc.^(a)(b)		831		42,797
DXC Technology Co.^(a)		18,240		729,235
Euronet Worldwide, Inc.^(a)		3,647		520,865
EVERTEC, Inc.		4,446		194,290
Evo Payments, Inc., Class A^(a)(b)		3,092		90,286
ExlService Holdings, Inc.^(a)		2,348		265,841
Fastly, Inc., Class A^(a)(b)		7,707		370,476
Genpact Ltd.		13,156		655,300
Globant SA^(a)		2,794		668,213
GreenBox POS^(a)(b)		1,122		9,907
GreenSky, Inc., Class A^(a)		4,925		32,357
Grid Dynamics Holdings, Inc.^(a)		2,132		44,879
Hackett Group, Inc.		2,828		50,678
I3 Verticals, Inc., Class A^(a)		1,419		45,294
IBEX Holdings Ltd.^(a)(b)		349		7,200
International Money Express, Inc.^(a)		2,133		34,533
Jack Henry & Associates, Inc.		5,247		913,450
Limelight Networks, Inc.^(a)		8,726		24,520
LiveRamp Holdings, Inc.^(a)		4,449		178,005
MAXIMUS, Inc.		4,387		390,443
MoneyGram International, Inc.^(a)		5,104		52,775
MongoDB, Inc.^(a)		3,775		1,354,923
Paya Holdings, Inc.^(a)		5,252		60,346
Paysafe Ltd.^(a)(b)		21,184		228,575
Perficient, Inc.^(a)		2,392		225,542
Priority Technology Holdings, Inc.^(a)		789		4,829


Security	Shares		Value

IT Services (continued)
Rackspace Technology, Inc.^(a)(b)		3,500	$	62,125
Repay Holdings Corp.^(a)		6,248		155,638
Sabre Corp.^(a)		23,708		279,517
Shift4 Payments, Inc., Class A^(a)		3,195		284,962
SolarWinds Corp.^(a)		4,854		54,559
StarTek, Inc.^(a)		1,271		8,922
Switch, Inc., Class A		7,791		160,962
Sykes Enterprises, Inc.^(a)		2,600		139,516
TTEC Holdings, Inc.		1,229		128,431
Tucows, Inc., Class A^(a)		596		46,345
Unisys Corp.^(a)		4,498		100,530
Verra Mobility Corp.^(a)		8,829		135,172
Western Union Co.		28,936		671,605
WEX, Inc.^(a)(b)		3,226		612,069

				12,052,566

Leisure Products — 0.7%
Acushnet Holdings Corp.		2,357		120,749
American Outdoor Brands, Inc.^(a)		950		25,631
AMMO, Inc.^(a)		4,279		28,969
Brunswick Corp.		5,556		580,046
Callaway Golf Co.^(a)		7,853		248,783
Clarus Corp.		1,641		46,801
Escalade, Inc.		723		16,412
Genius Brands International, Inc.^(a)(b)		18,186		28,552
Hayward Holdings, Inc.^(a)		2,424		58,394
Johnson Outdoors, Inc., Class A		318		37,642
Latham Group, Inc.^(a)(b)		2,268		61,871
Malibu Boats, Inc., Class A^(a)		1,366		114,280
Marine Products Corp.		440		7,198
MasterCraft Boat Holdings, Inc.^(a)		1,162		30,979
Mattel, Inc.^(a)		24,958		542,088
Nautilus, Inc.^(a)(b)		1,838		26,559
Polaris, Inc.		4,111		538,829
Smith & Wesson Brands, Inc.		3,557		83,412
Sturm Ruger & Co., Inc.		1,162		86,406
Vista Outdoor, Inc.^(a)(b)		3,971		160,389
YETI Holdings, Inc.^(a)		6,139		591,370

				3,435,360

Life Sciences Tools & Services — 2.8%
10X Genomics, Inc., Class A^(a)		5,974		1,094,616
Adaptive Biotechnologies Corp.^(a)		7,676		281,402
Akoya Biosciences, Inc.^(a)		436		7,560
Avantor, Inc.^(a)		41,447		1,557,578
Berkeley Lights, Inc.^(a)		3,261		148,636
Bionano Genomics, Inc.^(a)(b)		18,405		109,142
Bio-Techne Corp.		2,775		1,338,216
Bruker Corp.		7,036		578,711
Charles River Laboratories International, Inc.^(a)		3,578		1,455,960
ChromaDex Corp.^(a)		3,250		28,243
Codexis, Inc.^(a)		5,116		108,255
Fluidigm Corp.^(a)(b)		5,035		37,309
Harvard Bioscience, Inc.^(a)		2,780		21,934
Inotiv, Inc.^(a)		824		21,523
Maravai LifeSciences Holdings, Inc., Class A^(a)		5,203		228,776
Medpace Holdings, Inc.^(a)		2,019		355,223
NanoString Technologies, Inc.^(a)		3,087		191,209
NeoGenomics, Inc.^(a)		8,217		378,804
Pacific Biosciences of California, Inc.^(a)		13,951		448,525
PerkinElmer, Inc.^(b)		7,997		1,457,293
Personalis, Inc.^(a)		3,444		72,290
PPD, Inc.^(a)		11,570		533,608


Security	Shares		Value

Life Sciences Tools & Services (continued)
QIAGEN NV^(a)(b)		16,253	$	857,996
Quanterix Corp.^(a)		2,107		111,987
Repligen Corp.^(a)(b)		3,906		959,704
Seer, Inc.^(a)		980		31,301
Sotera Health Co.^(a)		5,185		122,884
Syneos Health, Inc.^(a)		7,345		658,626

				13,197,311

Machinery — 3.9%
AGCO Corp.		4,446		587,361
AgEagle Aerial Systems, Inc.^(a)		4,305		17,134
Alamo Group, Inc.		817		119,911
Albany International Corp., Class A		2,244		193,769
Allison Transmission Holdings, Inc.		7,672		306,190
Altra Industrial Motion Corp.		4,761		298,419
Astec Industries, Inc.		1,500		91,965
Barnes Group, Inc.		3,647		184,793
Blue Bird Corp.^(a)		1,008		25,200
Chart Industries, Inc.^(a)(b)		2,632		409,144
CIRCOR International, Inc.^(a)		1,226		37,810
Colfax Corp.^(a)		8,143		373,601
Columbus McKinnon Corp.		2,230		103,472
Commercial Vehicle Group, Inc.^(a)		2,049		18,728
Crane Co.		3,456		336,027
Desktop Metal, Inc., Class A^(a)		5,444		48,996
Donaldson Co., Inc.		8,645		572,213
Douglas Dynamics, Inc.		2,113		84,309
Energy Recovery, Inc.^(a)		3,879		82,041
Enerpac Tool Group Corp.		4,943		126,887
EnPro Industries, Inc.		1,592		148,247
ESCO Technologies, Inc.		1,970		185,909
Evoqua Water Technologies Corp.^(a)		8,528		281,509
ExOne Co.^(a)		1,110		18,426
Federal Signal Corp.		3,993		158,163
Flowserve Corp.		9,356		393,794
Franklin Electric Co., Inc.		3,114		254,601
Gates Industrial Corp. PLC^(a)		4,601		83,324
Gorman-Rupp Co.		2,064		73,664
Graco, Inc.		11,722		915,254
Greenbrier Cos., Inc.		2,164		92,619
Helios Technologies, Inc.		2,194		177,385
Hillenbrand, Inc.		5,075		229,897
Hydrofarm Holdings Group, Inc.^(a)		748		36,906
Hyliion Holdings Corp.^(a)(b)		7,646		74,166
Hyster-Yale Materials Handling, Inc.		629		45,062
Ideanomics, Inc.^(a)(b)		26,665		63,196
ITT, Inc.		5,989		586,383
John Bean Technologies Corp.		2,124		311,336
Kadant, Inc.		879		158,334
Kennametal, Inc.		6,210		225,113
Lincoln Electric Holdings, Inc.		4,030		561,903
Lindsay Corp.		855		137,390
Luxfer Holdings PLC		2,917		60,819
Lydall, Inc.^(a)		1,173		71,788
Manitowoc Co., Inc.^(a)		2,274		52,643
Mayville Engineering Co., Inc.^(a)		562		9,874
Meritor, Inc.^(a)		5,729		139,387
Middleby Corp.^(a)		3,927		751,981
Miller Industries, Inc.		1,406		52,739
Mueller Industries, Inc.		4,421		191,871
Mueller Water Products, Inc., Class A		12,094		179,233
Nikola Corp.^(a)(b)		13,634		161,836
NN, Inc.^(a)		2,833		19,378


Security	Shares		Value

Machinery (continued)
Nordson Corp.		4,099	$	926,907
Omega Flex, Inc.		189		29,639
Oshkosh Corp.		4,836		578,144
Park-Ohio Holdings Corp.		471		13,701
Pentair PLC		11,694		861,497
Proto Labs, Inc.^(a)		1,885		147,388
RBC Bearings, Inc.^(a)		1,724		405,140
REV Group, Inc.		1,889		28,543
Rexnord Corp.		8,496		478,580
Shyft Group, Inc.		2,303		90,830
Snap-on, Inc.		3,771		822,003
SPX Corp.^(a)		3,179		211,912
SPX FLOW, Inc.		3,099		254,583
Standex International Corp.		1,014		93,288
Tennant Co.		1,470		116,306
Terex Corp.		4,918		235,671
Timken Co.		4,642		369,039
Titan International, Inc.^(a)		3,257		28,075
Toro Co.		7,533		856,803
TriMas Corp.^(a)		3,471		113,571
Trinity Industries, Inc.		5,944		161,142
Wabash National Corp.		5,123		75,001
Watts Water Technologies, Inc., Class A		1,843		277,851
Welbilt, Inc.^(a)		8,872		208,403
Woodward, Inc.		4,090		497,180

				18,803,297

Marine — 0.1%
Costamare, Inc.		3,575		38,753
Eagle Bulk Shipping, Inc.^(a)		543		22,643
Genco Shipping & Trading Ltd.		2,115		37,118
Kirby Corp.^(a)		4,100		237,431
Matson, Inc.		3,275		219,818
Safe Bulkers, Inc.^(a)		3,811		12,729

				568,492

Media — 1.3%
Advantage Solutions, Inc.^(a)		4,936		48,274
AMC Networks, Inc., Class A^(a)(b)		1,982		99,179
Boston Omaha Corp., Class A^(a)		1,133		37,061
Cable One, Inc.		389		734,428
Cardlytics, Inc.^(a)		2,170		273,333
Clear Channel Outdoor Holdings, Inc.^(a)		23,520		62,563
ComScore, Inc.^(a)		4,020		16,120
Daily Journal Corp.^(a)		71		23,643
Emerald Holding, Inc.^(a)		1,872		7,394
Entercom Communications Corp.^(a)		7,924		28,289
Entravision Communications Corp., Class A		3,973		24,434
EW Scripps Co., Class A		4,936		94,179
Fluent, Inc.^(a)		2,731		6,800
Gannett Co., Inc.^(a)		9,539		55,040
Gray Television, Inc.		6,837		151,576
Hemisphere Media Group, Inc.^(a)		733		9,316
iHeartMedia, Inc., Class A^(a)		7,586		196,098
Interpublic Group of Cos., Inc.		28,370		1,003,163
John Wiley & Sons, Inc., Class A		3,352		197,031
Loral Space & Communications, Inc.		847		29,975
Magnite, Inc.^(a)(b)		7,146		216,524
MDC Partners, Inc., Class A^(a)		3,882		21,778
Meredith Corp.^(a)		2,732		119,225
National CineMedia, Inc.		4,140		14,407
New York Times Co., Class A		11,871		519,712
News Corp., Class A		27,783		684,295
News Corp., Class B		9,100		213,941


Security	Shares		Value

Media (continued)
Nexstar Media Group, Inc., Class A		2,864	$	421,209
Scholastic Corp.		1,950		65,540
Sinclair Broadcast Group, Inc., Class A		3,646		103,145
TechTarget, Inc.^(a)		1,933		141,264
TEGNA, Inc.		14,979		265,428
Thryv Holdings, Inc.^(a)		389		12,923
WideOpenWest, Inc.^(a)		3,492		77,662

				5,974,949

Metals & Mining — 1.4%
Alcoa Corp.^(a)		13,434		539,375
Allegheny Technologies, Inc.^(a)(b)		9,798		201,153
Arconic Corp.^(a)		7,817		280,943
Carpenter Technology Corp.		3,253		124,102
Century Aluminum Co.^(a)		3,378		49,184
Cleveland-Cliffs, Inc.^(a)		32,578		814,450
Coeur Mining, Inc.^(a)		16,538		124,696
Commercial Metals Co.		8,057		264,270
Compass Minerals International, Inc.		2,351		161,184
Constellium SE^(a)		9,559		180,378
Ferroglobe PLC^(a)(c)		897		—
Gatos Silver, Inc.^(a)		2,250		30,690
Haynes International, Inc.		1,367		51,577
Hecla Mining Co.		36,226		242,352
Kaiser Aluminum Corp.		1,268		154,290
Materion Corp.		1,344		95,908
MP Materials Corp.^(a)(b)		4,943		185,956
Novagold Resources, Inc.^(a)		16,315		127,583
Olympic Steel, Inc.		570		17,168
Perpetua Resources Corp.^(a)		1,669		9,497
PolyMet Mining Corp.^(a)		1,623		4,983
Reliance Steel & Aluminum Co.		4,435		696,960
Royal Gold, Inc.		4,712		572,602
Ryerson Holding Corp.^(a)		2,572		40,458
Schnitzer Steel Industries, Inc., Class A		1,732		90,791
Steel Dynamics, Inc.		14,240		917,768
SunCoke Energy, Inc.		5,464		42,237
TimkenSteel Corp.^(a)		3,131		41,736
United States Steel Corp.		19,210		508,681
Warrior Met Coal, Inc.		3,322		62,022
Worthington Industries, Inc.		2,337		149,498

				6,782,492

Mortgage Real Estate Investment Trusts (REITs) — 0.9%
AFC Gamma, Inc.		473		10,065
AGNC Investment Corp.		37,437		594,125
Apollo Commercial Real Estate Finance, Inc.		11,088		168,759
Arbor Realty Trust, Inc.		8,714		159,292
Ares Commercial Real Estate Corp.		3,899		58,797
ARMOUR Residential REIT, Inc.		4,812		50,045
Blackstone Mortgage Trust, Inc., Class A		9,741		315,803
BrightSpire Capital, Inc.		6,378		60,655
Broadmark Realty Capital, Inc.		10,781		111,799
Capstead Mortgage Corp.		5,946		37,876
Chimera Investment Corp.		15,583		229,382
Dynex Capital, Inc.		1,950		34,027
Ellington Financial, Inc.		2,706		49,195
Granite Point Mortgage Trust, Inc.		3,724		52,546
Great Ajax Corp.		3,029		38,408
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		5,586		317,285
Invesco Mortgage Capital, Inc.		16,201		55,731
KKR Real Estate Finance Trust, Inc.		2,098		44,708
Ladder Capital Corp.		7,411		84,634


Security	Shares		Value

Mortgage Real Estate Investment Trusts (REITs) (continued)
MFA Financial, Inc.		30,246	$	141,249
New Residential Investment Corp.		30,609		298,744
New York Mortgage Trust, Inc.		24,832		108,516
Orchid Island Capital, Inc.		6,976		34,531
PennyMac Mortgage Investment Trust		6,666		131,454
Ready Capital Corp.		3,850		58,212
Redwood Trust, Inc.		7,402		87,862
Starwood Property Trust, Inc.		19,581		509,693
TPG RE Finance Trust, Inc.		4,065		53,495
Two Harbors Investment Corp.		22,178		142,161

				4,039,049

Multi-line Retail — 0.4%
Big Lots, Inc.		2,370		136,536
Dillard’s, Inc., Class A^(b)		417		76,423
Franchise Group, Inc.		1,856		63,030
Kohl’s Corp.		11,280		573,024
Macy’s, Inc.^(a)		16,896		287,232
Nordstrom, Inc.^(a)		7,551		249,938
Ollie’s Bargain Outlet Holdings, Inc.^(a)		4,533		422,022

				1,808,205

Multi-Utilities — 0.4%
Avista Corp.		4,449		190,551
Black Hills Corp.		4,653		314,775
MDU Resources Group, Inc.		14,347		455,087
NiSource, Inc.		28,116		696,433
NorthWestern Corp.		3,494		216,593
Unitil Corp.		964		51,015

				1,924,454

Oil, Gas & Consumable Fuels — 2.7%
Aemetis, Inc.^(a)(b)		1,531		13,427
Alto Ingredients, Inc.^(a)(b)		4,729		25,064
Altus Midstream Co., Class A		210		13,408
Antero Midstream Corp.		23,046		218,937
Antero Resources Corp.^(a)		19,483		264,969
APA Corp.		27,183		509,681
Arch Resources, Inc.^(a)		997		65,523
Berry Corp.		4,328		24,020
Bonanza Creek Energy, Inc.		2,020		77,709
Brigham Minerals, Inc., Class A		4,222		82,920
Cabot Oil & Gas Corp.		28,345		453,520
California Resources Corp.^(a)(b)		5,733		161,155
Callon Petroleum Co.^(a)		2,720		107,059
Centennial Resource Development, Inc., Class A^(a)		11,836		61,666
Centrus Energy Corp., Class A^(a)		592		13,728
Chesapeake Energy Corp.		7,174		387,755
Cimarex Energy Co.		7,080		461,616
Clean Energy Fuels Corp.^(a)(b)		9,258		69,528
CNX Resources Corp.^(a)		14,931		180,665
Comstock Resources, Inc.^(a)		5,883		35,769
CONSOL Energy, Inc.^(a)		2,266		47,609
Contango Oil & Gas Co.^(a)(b)		9,571		36,561
Continental Resources, Inc.		5,123		174,950
CVR Energy, Inc.		2,176		29,724
Delek US Holdings, Inc.		4,450		77,341
Denbury, Inc.^(a)		3,800		249,698
Devon Energy Corp.		48,750		1,259,700
DHT Holdings, Inc.		9,463		54,885
Diamondback Energy, Inc.		13,053		1,006,778
Dorian LPG Ltd.^(a)		3,908		47,287
Earthstone Energy, Inc., Class A^(a)		1,689		16,603


Security	Shares		Value

Oil, Gas & Consumable Fuels (continued)
Energy Fuels, Inc.^(a)		9,251	$	48,568
EQT Corp.^(a)		19,355		355,938
Equitrans Midstream Corp.		27,988		230,061
Extraction Oil & Gas, Inc.^(a)		1,535		68,292
Falcon Minerals Corp.		2,710		12,927
Frontline Ltd.		7,911		62,971
Gevo, Inc.^(a)		13,591		82,769
Golar LNG Ltd.^(a)		7,098		79,214
Green Plains, Inc.^(a)		2,103		74,362
HollyFrontier Corp.		10,691		314,315
International Seaways, Inc.		2,509		41,273
Kosmos Energy Ltd.^(a)		26,934		62,217
Laredo Petroleum, Inc.^(a)		822		45,259
Magnolia Oil & Gas Corp., Class A^(a)(b)		11,185		156,590
Marathon Oil Corp.		57,509		666,529
Matador Resources Co.		7,543		233,079
Murphy Oil Corp.		10,015		217,426
New Fortress Energy, Inc.		1,735		52,588
Nordic American Tankers Ltd.		10,161		26,520
Northern Oil and Gas, Inc.		3,120		53,882
Oasis Petroleum, Inc.		1,374		126,009
Ovintiv, Inc.		18,989		487,258
Par Pacific Holdings, Inc.^(a)		2,965		48,567
PBF Energy, Inc., Class A^(a)		6,677		61,228
PDC Energy, Inc.		7,044		278,590
Peabody Energy Corp.^(a)		4,515		52,871
Penn Virginia Corp.^(a)		964		17,824
Range Resources Corp.^(a)		16,269		247,777
Renewable Energy Group, Inc.^(a)(b)		3,055		187,119
REX American Resources Corp.^(a)		348		28,536
Riley Exploration Permian, Inc.^(b)		559		12,069
Scorpio Tankers, Inc.		3,196		52,255
SFL Corp. Ltd.		7,106		48,818
SM Energy Co.		7,957		148,796
Southwestern Energy Co.^(a)		46,211		217,654
Talos Energy, Inc.^(a)		2,396		27,650
Targa Resources Corp.		16,360		688,920
Teekay Corp.^(a)		4,335		12,962
Teekay Tankers Ltd., Class A^(a)		1,521		19,241
Tellurian, Inc.^(a)		21,861		82,416
Texas Pacific Land Corp.		422		629,856
Uranium Energy Corp.^(a)(b)		13,851		30,057
Ur-Energy, Inc.^(a)		11,431		12,917
Vine Energy, Inc., Class A^(a)		1,332		18,661
W&T Offshore, Inc.^(a)		11,632		47,110
Whiting Petroleum Corp.^(a)		2,681		125,739
World Fuel Services Corp.		4,410		151,969

				12,976,904

Paper & Forest Products — 0.2%
Clearwater Paper Corp.^(a)		1,003		29,578
Domtar Corp.^(a)		3,415		187,518
Glatfelter Corp.		2,972		45,263
Louisiana-Pacific Corp.		7,372		408,704
Neenah, Inc.		1,152		57,911
Schweitzer-Mauduit International, Inc.		2,086		82,042
Verso Corp., Class A		2,082		39,600

				850,616

Personal Products — 0.3%
Beauty Health Co.^(a)		3,019		53,014
BellRing Brands, Inc., Class A^(a)		3,364		111,248
Coty, Inc., Class A^(a)		19,851		173,299


Security	Shares		Value

Personal Products (continued)
Edgewell Personal Care Co.		3,734	$	153,393
elf Beauty, Inc.^(a)		3,925		108,369
Herbalife Nutrition Ltd.^(a)		7,440		378,994
Honest Co., Inc.^(a)		1,620		23,279
Inter Parfums, Inc.		1,205		92,628
Medifast, Inc.		877		250,392
Nature’s Sunshine Products, Inc.		728		12,806
Nu Skin Enterprises, Inc., Class A		3,393		182,170
Revlon, Inc., Class A^(a)(b)		566		6,169
USANA Health Sciences, Inc.^(a)		873		83,171
Veru, Inc.^(a)		4,129		28,366

				1,657,298

Pharmaceuticals — 1.4%
9 Meters Biopharma, Inc.^(a)		13,360		14,429
Aclaris Therapeutics, Inc.^(a)		2,828		42,222
Aerie Pharmaceuticals, Inc.^(a)		2,752		43,427
Amneal Pharmaceuticals, Inc.^(a)		6,163		30,384
Amphastar Pharmaceuticals, Inc.^(a)		2,489		52,145
Ampio Pharmaceuticals, Inc.^(a)		12,064		17,010
Angion Biomedica Corp.^(a)		453		4,815
ANI Pharmaceuticals, Inc.^(a)		607		20,595
Antares Pharma, Inc.^(a)		10,470		46,068
Arvinas, Inc.^(a)		3,195		323,014
Atea Pharmaceuticals, Inc.^(a)(b)		4,442		111,228
Athira Pharma, Inc.^(a)		2,081		19,998
Axsome Therapeutics, Inc.^(a)(b)		2,115		102,768
BioDelivery Sciences International, Inc.^(a)		5,187		19,503
Cara Therapeutics, Inc.^(a)		3,088		36,963
Cassava Sciences, Inc.^(a)		2,602		180,917
Catalent, Inc.^(a)		11,621		1,392,312
Cerecor, Inc.^(a)		3,381		8,993
Citius Pharmaceuticals, Inc.^(a)		7,405		13,995
Collegium Pharmaceutical, Inc.^(a)		3,285		81,764
Corcept Therapeutics, Inc.^(a)(b)		6,614		137,373
CorMedix, Inc.^(a)		2,538		14,746
Cymabay Therapeutics, Inc.^(a)		4,286		16,887
Durect Corp.^(a)		14,203		20,026
Edgewise Therapeutics, Inc.^(a)		779		13,640
Endo International PLC^(a)(b)		15,974		80,828
Esperion Therapeutics, Inc.^(a)(b)		1,834		28,225
Evolus, Inc.^(a)		2,114		22,873
EyePoint Pharmaceuticals, Inc.^(a)		1,271		10,448
Fulcrum Therapeutics, Inc.^(a)(b)		1,394		10,190
Harmony Biosciences Holdings, Inc.^(a)		1,441		37,697
Ikena Oncology, Inc.^(a)(b)		517		5,123
Innoviva, Inc.^(a)(b)		4,157		58,946
Intra-Cellular Therapies, Inc.^(a)		4,836		166,020
Jazz Pharmaceuticals PLC^(a)		4,252		720,799
Kala Pharmaceuticals, Inc.^(a)(b)		3,108		10,723
Kaleido Biosciences, Inc.^(a)(b)		1,434		7,787
KemPharm, Inc.^(a)(b)		1,865		18,818
Landos Biopharma, Inc.^(a)		594		6,522
Marinus Pharmaceuticals, Inc.^(a)(b)		2,566		37,720
Mind Medicine MindMed, Inc.^(a)		21,035		64,367
Nektar Therapeutics^(a)(b)		12,954		204,544
NGM Biopharmaceuticals, Inc.^(a)		2,061		42,024
Nuvation Bio, Inc.^(a)		2,283		19,725
Ocular Therapeutix, Inc.^(a)		5,213		57,395
Omeros Corp.^(a)(b)		4,210		61,045
Oramed Pharmaceuticals, Inc.^(a)(b)		1,727		24,506
Organon & Co.^(a)		18,173		527,199


Security	Shares		Value

Pharmaceuticals (continued)
Pacira BioSciences, Inc.^(a)(b)		3,404	$	200,666
Paratek Pharmaceuticals, Inc.^(a)		3,208		16,682
Perrigo Co. PLC		9,690		465,411
Phathom Pharmaceuticals, Inc.^(a)		1,310		42,051
Phibro Animal Health Corp., Class A		1,994		47,198
Pliant Therapeutics, Inc.^(a)		1,593		32,179
Prestige Consumer Healthcare, Inc.^(a)		3,630		190,756
Provention Bio, Inc.^(a)		3,626		22,010
Rain Therapeutics, Inc.^(a)		454		7,559
Reata Pharmaceuticals, Inc., Class A^(a)(b)		1,873		234,706
Relmada Therapeutics, Inc.^(a)		1,035		26,910
Revance Therapeutics, Inc.^(a)		5,230		152,088
Seelos Therapeutics, Inc.^(a)		4,772		10,737
SIGA Technologies, Inc.^(a)		3,406		21,696
Supernus Pharmaceuticals, Inc.^(a)		3,911		102,977
Tarsus Pharmaceuticals, Inc.^(a)		537		12,120
Terns Pharmaceuticals, Inc.^(a)		632		4,740
TherapeuticsMD, Inc.^(a)		24,042		24,042
Theravance Biopharma, Inc.^(a)		3,460		44,911
Verrica Pharmaceuticals, Inc.^(a)(b)		1,080		11,556
WaVe Life Sciences Ltd.^(a)		2,798		15,417
Zogenix, Inc.^(a)(b)		3,741		60,642

				6,735,800

Professional Services — 1.8%
Acacia Research Corp.^(a)		3,421		19,294
ASGN, Inc.^(a)		3,521		356,079
Atlas Technical Consultants, Inc.^(a)		787		7,075
Barrett Business Services, Inc.		524		38,362
Booz Allen Hamilton Holding Corp.		9,655		828,496
CACI International, Inc., Class A^(a)(b)		1,668		445,289
CBIZ, Inc.^(a)		3,887		125,706
CRA International, Inc.		490		42,008
Dun & Bradstreet Holdings, Inc.^(a)		11,557		242,235
Exponent, Inc.		3,637		389,486
Forrester Research, Inc.^(a)		664		31,108
Franklin Covey Co.^(a)		1,504		55,031
FTI Consulting, Inc.^(a)(b)		2,444		356,091
GP Strategies Corp.^(a)		840		17,094
Heidrick & Struggles International, Inc.		1,324		56,548
HireQuest, Inc.^(b)		276		5,051
Huron Consulting Group, Inc.^(a)		1,462		71,828
ICF International, Inc.		1,537		140,743
Insperity, Inc.		2,443		241,979
Jacobs Engineering Group, Inc.		9,094		1,229,963
KBR, Inc.		10,434		403,796
Kelly Services, Inc., Class A^(a)		3,471		76,084
Kforce, Inc.		1,661		103,696
Korn Ferry		3,812		262,037
ManpowerGroup, Inc.		3,684		436,849
ManTech International Corp., Class A		1,865		163,113
Mistras Group, Inc.^(a)		1,389		14,585
Nielsen Holdings PLC		25,929		614,258
Rekor Systems, Inc.^(a)		2,029		15,989
Resources Connection, Inc.		2,473		38,307
Robert Half International, Inc.		7,845		770,457
Science Applications International Corp.		3,947		344,573
TriNet Group, Inc.^(a)		2,721		225,789
TrueBlue, Inc.^(a)		2,361		64,196


Security	Shares		Value

Professional Services (continued)
Upwork, Inc.^(a)		8,323	$	431,048
Willdan Group, Inc.^(a)		737		30,401

				8,694,644

Real Estate Management & Development — 0.6%
Cushman & Wakefield PLC^(a)		9,152		170,868
eXp World Holdings, Inc.^(a)(b)		4,205		151,044
Fathom Holdings, Inc.^(a)(b)		364		9,209
Forestar Group, Inc.^(a)		1,055		21,596
FRP Holdings, Inc.^(a)		420		25,255
Howard Hughes Corp.^(a)		2,836		262,925
Jones Lang LaSalle, Inc.^(a)		3,638		809,710
Kennedy-Wilson Holdings, Inc.		7,930		160,107
Marcus & Millichap, Inc.^(a)		1,572		62,550
Newmark Group, Inc., Class A		10,187		131,208
Opendoor Technologies Inc.^(a)		25,282		374,679
Rafael Holdings, Inc., Class B^(a)		663		33,554
RE/MAX Holdings, Inc., Class A		1,259		43,184
Realogy Holdings Corp.^(a)		7,840		138,925
Redfin Corp.^(a)		7,299		427,502
RMR Group, Inc., Class A		1,681		65,962
St. Joe Co.		2,296		103,940
Tejon Ranch Co.^(a)		1,400		25,522

				3,017,740

Road & Rail — 0.6%
AMERCO		646		379,822
ArcBest Corp.		1,751		103,502
Avis Budget Group, Inc.^(a)		3,478		287,874
Covenant Logistics Group, Inc., Class A^(a)		683		14,350
Daseke, Inc.^(a)(b)		2,562		17,703
Heartland Express, Inc.		3,280		55,858
HyreCar, Inc.^(a)		1,144		19,997
Knight-Swift Transportation Holdings, Inc.		11,008		546,987
Landstar System, Inc.		2,597		407,729
Marten Transport Ltd.		3,890		61,540
PAM Transportation Services, Inc.^(a)		74		4,625
Ryder System, Inc.		3,558		270,942
Saia, Inc.^(a)		1,904		430,304
Schneider National, Inc., Class B		3,457		77,575
TuSimple Holdings, Inc., Class A^(a)(b)		2,661		97,925
Universal Logistics Holdings, Inc.		1,486		34,252
US Xpress Enterprises, Inc., Class A^(a)(b)		1,709		14,920
Werner Enterprises, Inc.		4,271		195,227
Yellow Corp.^(a)		3,223		16,760

				3,037,892

Semiconductors & Semiconductor Equipment — 3.1%
Allegro MicroSystems, Inc.^(a)		3,366		92,262
Alpha & Omega Semiconductor Ltd.^(a)		2,272		59,049
Ambarella, Inc.^(a)		2,616		257,650
Amkor Technology, Inc.		7,856		193,572
Atomera, Inc.^(a)		1,329		23,457
Axcelis Technologies, Inc.^(a)		2,841		109,521
AXT, Inc.^(a)		2,786		28,417
Brooks Automation, Inc.		5,329		474,334
CEVA, Inc.^(a)		1,977		98,138
Cirrus Logic, Inc.^(a)		3,914		323,257
CMC Materials, Inc.		1,973		285,375
Cohu, Inc.^(a)		3,278		116,074
Cree, Inc.^(a)(b)		8,239		764,250
Diodes, Inc.^(a)		3,130		256,660
DSP Group, Inc.^(a)		1,326		21,282


Security	Shares		Value

Semiconductors & Semiconductor Equipment (continued)
Enphase Energy, Inc.^(a)		9,393	$	1,780,913
Entegris, Inc.		9,565		1,153,922
First Solar, Inc.^(a)(b)		7,535		648,311
FormFactor, Inc.^(a)		5,306		197,702
Ichor Holdings Ltd.^(a)		1,908		98,396
Impinj, Inc.^(a)		1,772		81,512
Kopin Corp.^(a)(b)		5,063		34,125
Kulicke & Soffa Industries, Inc.		4,167		226,518
Lattice Semiconductor Corp.^(a)		9,702		550,588
MACOM Technology Solutions Holdings, Inc., Class H^(a)(b)		3,506		216,390
MaxLinear, Inc.^(a)		4,747		228,948
Meta Materials, Inc.^(a)		4,017		14,059
MKS Instruments, Inc.		3,943		616,843
Monolithic Power Systems, Inc.		3,189		1,432,690
NeoPhotonics Corp.^(a)		3,201		31,050
NVE Corp.		310		23,272
ON Semiconductor Corp.^(a)		30,265		1,182,151
Onto Innovation, Inc.^(a)		3,486		244,299
PDF Solutions, Inc.^(a)		1,827		34,183
Photronics, Inc.^(a)		3,857		51,568
Power Integrations, Inc.		4,084		396,107
Rambus, Inc.^(a)		8,392		198,555
Semtech Corp.^(a)		4,937		305,650
Silicon Laboratories, Inc.^(a)		3,045		453,674
SiTime Corp.^(a)		844		114,480
SkyWater Technology, Inc.^(a)		489		8,440
SMART Global Holdings, Inc.^(a)		919		43,046
SunPower Corp.^(a)		5,464		135,343
Synaptics, Inc.^(a)(b)		2,548		387,092
Ultra Clean Holdings, Inc.^(a)		2,972		160,518
Universal Display Corp.		3,090		724,574
Veeco Instruments, Inc.^(a)		4,242		98,414

				14,976,631

Software — 7.3%
8x8, Inc.^(a)		7,245		185,182
A10 Networks, Inc.^(a)		4,124		52,663
ACI Worldwide, Inc.^(a)		7,991		274,091
Agilysys, Inc.^(a)		1,266		70,339
Alarm.com Holdings, Inc.^(a)		3,205		266,720
Alkami Technology, Inc.^(a)		435		13,611
Altair Engineering, Inc., Class A^(a)(b)		3,293		229,720
Alteryx, Inc., Class A^(a)		4,316		334,058
American Software, Inc., Class A		2,066		45,452
Anaplan, Inc.^(a)		10,076		576,347
Appfolio, Inc., Class A^(a)		1,267		179,407
Appian Corp.^(a)(b)		2,868		333,921
Asana, Inc., Class A^(a)		5,343		379,674
Aspen Technology, Inc.^(a)		4,838		707,606
Avalara, Inc.^(a)		6,070		1,014,722
Avaya Holdings Corp.^(a)		5,652		136,891
Benefitfocus, Inc.^(a)		3,307		43,520
Bentley Systems, Inc., Class B		9,615		584,688
Bill.Com Holdings, Inc.^(a)		5,357		1,107,935
Black Knight, Inc.^(a)		10,804		894,679
Blackbaud, Inc.^(a)		3,275		233,606
Blackline, Inc.^(a)		3,716		425,073
Bottomline Technologies DE, Inc.^(a)		3,023		122,008
Box, Inc., Class A^(a)		10,968		262,355
BTRS Holdings, Inc.^(a)(b)		3,069		35,938
C3.AI, Inc., Class A^(a)		1,210		60,924


Security	Shares		Value

Software (continued)
CDK Global, Inc.		8,773	$	421,016
Cerence, Inc.^(a)		2,650		284,901
Ceridian HCM Holding, Inc.^(a)		9,230		908,232
ChannelAdvisor Corp.^(a)		1,911		44,507
Cleanspark, Inc.^(a)		2,137		28,850
Cloudera, Inc.^(a)		15,756		250,048
CommVault Systems, Inc.^(a)		3,054		230,852
Cornerstone OnDemand, Inc.^(a)		4,272		204,800
Datto Holding Corp.^(a)		1,613		42,083
Digimarc Corp.^(a)(b)		815		23,391
Digital Turbine, Inc.^(a)		6,114		384,876
Dolby Laboratories, Inc., Class A		4,447		431,804
Domo, Inc., Class B^(a)(b)		1,872		165,354
DoubleVerify Holdings, Inc.^(a)		987		34,150
Dropbox, Inc., Class A^(a)		21,799		686,451
Duck Creek Technologies, Inc.^(a)		4,876		214,203
Dynatrace, Inc.^(a)		13,191		842,509
E2open Parent Holdings, Inc.^(a)		2,695		27,085
Ebix, Inc.		1,755		53,036
eGain Corp.^(a)		1,349		15,743
Elastic NV^(a)		4,907		726,530
Envestnet, Inc.^(a)(b)		3,481		261,876
Everbridge, Inc.^(a)		2,731		385,672
Fair Isaac Corp.^(a)		1,988		1,041,533
FireEye, Inc.^(a)		16,408		331,442
Five9, Inc.^(a)		4,770		960,153
GTY Technology Holdings, Inc.^(a)		2,293		15,868
Guidewire Software, Inc.^(a)(b)		6,002		691,430
Intelligent Systems Corp.^(a)		474		16,016
InterDigital, Inc.		2,155		141,993
j2 Global, Inc.^(a)		3,156		445,848
Jamf Holding Corp.^(a)(b)		3,651		119,789
JFrog Ltd.^(a)(b)		3,503		153,501
LivePerson, Inc.^(a)(b)		4,350		277,052
Manhattan Associates, Inc.^(a)		4,541		724,880
Marathon Digital Holdings, Inc.^(a)(b)		6,474		178,877
McAfee Corp., Class A		3,223		87,247
Medallia, Inc.^(a)		7,768		263,102
MicroStrategy, Inc., Class A^(a)(b)		570		356,826
Mimecast Ltd.^(a)		4,056		225,311
Mitek Systems, Inc.^(a)		2,821		62,372
Model N, Inc.^(a)		3,044		98,534
Momentive Global, Inc.^(a)		8,741		183,561
N-Able, Inc.^(a)		2,427		33,493
nCino Inc.^(a)(b)		3,211		204,123
New Relic, Inc.^(a)		3,739		258,290
NortonLifeLock, Inc.		39,023		968,551
Nuance Communications, Inc.^(a)		20,329		1,116,062
Nutanix, Inc., Class A^(a)		13,891		500,354
ON24, Inc.^(a)(b)		585		21,364
OneSpan, Inc.^(a)		2,327		57,407
PagerDuty, Inc.^(a)		6,059		245,935
Paylocity Holding Corp.^(a)		2,693		558,690
Pegasystems, Inc.		2,955		377,176
Ping Identity Holding Corp.^(a)		2,845		62,789
Progress Software Corp.		3,355		152,954
Proofpoint, Inc.^(a)		4,051		707,548
PROS Holdings, Inc.^(a)		2,741		119,014
PTC, Inc.^(a)		7,542		1,021,564
Q2 Holdings, Inc.^(a)		3,870		399,810
QAD, Inc., Class A		786		68,186
Qualys, Inc.^(a)		2,314		235,010


Security	Shares		Value

Software (continued)
Rapid7, Inc.^(a)		3,801	$	432,364
Rimini Street, Inc.^(a)		2,822		24,523
Riot Blockchain, Inc.^(a)(b)		5,722		188,540
SailPoint Technologies Holding, Inc.^(a)		6,800		339,932
Sapiens International Corp. NV		3,097		78,075
SecureWorks Corp., Class A^(a)		715		14,343
ShotSpotter, Inc.^(a)		563		25,729
Smartsheet, Inc., Class A^(a)		8,631		626,179
Smith Micro Software, Inc.^(a)		2,783		15,752
Sprout Social, Inc., Class A^(a)		3,248		288,552
SPS Commerce, Inc.^(a)		2,675		291,441
Sumo Logic, Inc.^(a)(b)		5,566		114,938
Telos Corp.^(a)		1,134		31,775
Tenable Holdings, Inc.^(a)		6,175		264,290
Teradata Corp.^(a)		7,607		377,764
Upland Software, Inc.^(a)		1,854		66,744
Varonis Systems, Inc.^(a)		7,715		472,158
Verint Systems, Inc.^(a)		4,417		188,473
Veritone, Inc.^(a)		1,921		39,726
Viant Technology, Inc., Class A^(a)(b)		704		12,172
VirnetX Holding Corp.^(a)		3,999		16,396
Vonage Holdings Corp.^(a)		17,308		246,812
Workiva, Inc.^(a)		3,110		403,585
Xperi Holding Corp.		7,170		148,921
Yext, Inc.^(a)		7,370		96,031
Zendesk, Inc.^(a)		8,416		1,098,540
Zix Corp.^(a)		3,312		24,542
Zuora, Inc., Class A^(a)		8,297		143,455

				34,794,506

Specialty Retail — 2.7%
Aaron’s Co., Inc.		2,311		66,719
Abercrombie & Fitch Co., Class A^(a)		4,497		170,032
Academy Sports & Outdoors, Inc.^(a)		4,182		154,943
American Eagle Outfitters, Inc.		11,014		379,653
America’s Car-Mart, Inc.^(a)		411		65,349
Arko Corp.^(a)		1,154		9,578
Asbury Automotive Group, Inc.^(a)		1,315		270,180
AutoNation, Inc.^(a)		3,586		435,089
Barnes & Noble Education, Inc.^(a)		2,523		21,067
Bed Bath & Beyond, Inc.^(a)		7,484		213,593
Big 5 Sporting Goods Corp.		1,371		30,052
Blink Charging Co.^(a)(b)		2,534		87,499
Boot Barn Holdings, Inc.^(a)		2,138		184,766
Buckle, Inc.		2,555		107,514
Caleres, Inc.		2,545		62,963
Camping World Holdings, Inc., Class A		2,926		115,167
CarLotz, Inc.^(a)(b)		2,740		12,166
Cato Corp., Class A		1,422		23,463
Chico’s FAS, Inc.^(a)		8,222		50,812
Children’s Place, Inc.^(a)(b)		970		81,800
Citi Trends, Inc.^(a)		590		47,052
Conn’s, Inc.^(a)		1,106		24,597
Container Store Group, Inc.^(a)		2,232		23,481
Designer Brands, Inc., Class A^(a)		5,645		82,248
Dick’s Sporting Goods, Inc.		4,523		471,025
Five Below, Inc.^(a)		3,973		772,431
Floor & Decor Holdings, Inc., Class A^(a)(b)		7,276		887,745
Foot Locker, Inc.		6,310		360,049
GameStop Corp., Class A^(a)(b)		4,208		677,993
Gap, Inc.		14,747		430,170
Genesco, Inc.^(a)		983		56,473
Group 1 Automotive, Inc.		1,331		231,248


Security	Shares		Value

Specialty Retail (continued)
GrowGeneration Corp.^(a)		3,674	$	149,422
Guess?, Inc.		3,686		82,272
Haverty Furniture Cos., Inc.		1,178		42,396
Hibbett, Inc.		1,080		95,753
JOANN, Inc.^(b)		747		11,549
Kirkland’s, Inc.^(a)		920		17,903
Lazydays Holdings, Inc.^(a)(b)		451		9,412
Leslie’s, Inc.^(a)(b)		7,488		182,333
Lithia Motors, Inc.		2,072		781,600
Lumber Liquidators Holdings, Inc.^(a)(b)		2,032		38,771
MarineMax, Inc.^(a)		1,396		75,091
Monro, Inc.		2,498		144,884
Murphy USA, Inc.		1,709		252,095
National Vision Holdings, Inc.^(a)		5,937		320,479
ODP Corp.^(a)		3,356		158,839
OneWater Marine, Inc., Class A		720		33,826
Party City Holdco, Inc.^(a)		7,236		61,795
Penske Automotive Group, Inc.		2,376		210,514
Petco Health & Wellness Co., Inc.^(a)		4,967		102,469
Rent-A-Center, Inc.		4,519		258,577
RH^(a)(b)		1,229		816,154
Sally Beauty Holdings, Inc.^(a)(b)		7,692		145,533
Shift Technologies, Inc.^(a)(b)		3,990		33,715
Shoe Carnival, Inc.		1,138		38,351
Signet Jewelers Ltd.		3,534		227,378
Sleep Number Corp.^(a)(b)		1,626		161,315
Sonic Automotive, Inc., Class A		1,914		104,409
Sportsman’s Warehouse Holdings, Inc.^(a)		2,879		50,872
Tilly’s, Inc., Class A		2,727		40,441
TravelCenters of America, Inc.^(a)		795		22,991
Urban Outfitters, Inc.^(a)		4,659		173,222
Vroom, Inc.^(a)		7,887		292,134
Williams-Sonoma, Inc.		5,344		810,685
Winmark Corp.		221		46,591
Zumiez, Inc.^(a)		1,472		64,253

				12,664,941

Technology Hardware, Storage & Peripherals — 0.4%
3D Systems Corp.^(a)(b)		8,246		227,095
Avid Technology, Inc.^(a)		2,498		93,400
Corsair Gaming, Inc.^(a)		1,761		51,404
Diebold Nixdorf, Inc.^(a)(b)		4,663		48,542
Eastman Kodak Co.^(a)(b)		2,929		21,616
NCR Corp.^(a)		9,237		410,123
Pure Storage, Inc., Class A^(a)		19,889		388,233
Quantum Corp.^(a)		3,627		22,487
Super Micro Computer, Inc.^(a)		2,866		109,023
Turtle Beach Corp.^(a)		979		30,251
Xerox Holdings Corp.		11,341		273,658

				1,675,832

Textiles, Apparel & Luxury Goods — 1.5%
Capri Holdings Ltd.^(a)		10,638		599,026
Carter’s, Inc.		2,918		285,205
Columbia Sportswear Co.		2,820		280,928
Crocs, Inc.^(a)		4,596		624,183
Deckers Outdoor Corp.^(a)		1,993		818,824
Fossil Group, Inc.^(a)		3,222		40,662
G-III Apparel Group Ltd.^(a)(b)		3,008		89,819
Hanesbrands, Inc.		25,344		462,781
Kontoor Brands, Inc.		3,526		195,270
Movado Group, Inc.		1,037		31,183


Security	Shares		Value

Textiles, Apparel & Luxury Goods (continued)
Oxford Industries, Inc.		1,292	$	112,314
PLBY Group, Inc.^(a)		702		19,782
PVH Corp.^(a)		5,136		537,328
Ralph Lauren Corp.		3,427		389,033
Rocky Brands, Inc.		446		24,262
Skechers USA, Inc., Class A^(a)		9,547		512,483
Steven Madden Ltd.		6,058		265,522
Superior Group of Cos., Inc.		682		15,966
Tapestry, Inc.^(a)		19,990		845,577
Under Armour, Inc., Class A^(a)		14,181		290,001
Under Armour, Inc., Class C^(a)		13,394		234,663
Unifi, Inc.^(a)		822		19,391
Vera Bradley, Inc.^(a)		1,667		18,354
Wolverine World Wide, Inc.		5,538		185,745

				6,898,302

Thrifts & Mortgage Finance — 0.8%
Axos Financial, Inc.^(a)(b)		3,841		183,792
Bridgewater Bancshares, Inc.^(a)		1,386		22,481
Capitol Federal Financial, Inc.		8,839		98,025
Columbia Financial, Inc.^(a)		2,840		51,234
Essent Group Ltd.		8,052		363,709
Federal Agricultural Mortgage Corp., Class C		825		80,437
Finance Of America Cos., Inc., Class A^(a)		2,141		13,809
Flagstar Bancorp, Inc.		3,545		162,219
FS Bancorp, Inc.		384		13,356
Hingham Institution for Savings		87		26,013
Home Bancorp, Inc.		574		20,159
Home Point Capital, Inc.^(a)		696		3,466
HomeStreet, Inc.		1,307		49,287
Kearny Financial Corp.		5,299		63,747
Luther Burbank Corp.		1,439		18,649
Merchants Bancorp		1,233		45,177
Meridian Bancorp, Inc.		3,207		61,286
Meta Financial Group, Inc.		2,000		99,400
MGIC Investment Corp.		24,782		342,983
Mr Cooper Group, Inc.^(a)		4,845		180,137
New York Community Bancorp, Inc.		30,923		364,273
NMI Holdings, Inc., Class A^(a)		6,857		150,991
Northfield Bancorp, Inc.		2,802		46,093
Northwest Bancshares, Inc.		7,141		95,047
Ocwen Financial Corp.^(a)		521		13,624
PCSB Financial Corp.		942		16,994
PennyMac Financial Services, Inc.		2,403		151,125
Pioneer Bancorp, Inc.^(a)		699		8,087
Premier Financial Corp.		3,189		85,401
Provident Bancorp, Inc.		937		14,786
Provident Financial Services, Inc.		4,577		98,863
Radian Group, Inc.		14,062		317,520
Southern Missouri Bancorp, Inc.		443		19,882
TFS Financial Corp.		3,440		67,011
TrustCo Bank Corp.		1,068		35,917
UWM Holdings Corp.^(b)		2,807		21,417
Velocity Financial Inc.^(a)		531		6,717
Walker & Dunlop, Inc.		1,990		205,925
Washington Federal, Inc.		5,788		186,779
Waterstone Financial, Inc.		1,519		29,970
WSFS Financial Corp.		3,160		138,345

				3,974,133

Tobacco — 0.1%
22nd Century Group, Inc.^(a)		9,789		31,423


Security	Shares		Value

Tobacco (continued)
Turning Point Brands, Inc.		938	$	49,733
Universal Corp.		1,627		84,864
Vector Group Ltd.		9,873		131,903

				297,923

Trading Companies & Distributors — 1.0%
Air Lease Corp.		7,549		319,776
Alta Equipment Group, Inc.^(a)		1,317		16,581
Applied Industrial Technologies, Inc.		2,782		249,545
Beacon Roofing Supply, Inc.^(a)		4,035		215,792
BlueLinx Holdings, Inc.^(a)		574		24,659
Boise Cascade Co.		3,133		160,253
CAI International, Inc.		1,089		60,777
Custom Truck One Source, Inc.^(a)(b)		1,075		8,374
DXP Enterprises, Inc.^(a)		1,267		41,368
EVI Industries, Inc.^(a)		255		6,870
GATX Corp.		2,392		220,662
Global Industrial Co.		775		30,628
GMS, Inc.^(a)		2,811		138,104
H&E Equipment Services, Inc.		2,859		97,292
Herc Holdings, Inc.^(a)		1,815		225,133
Karat Packaging, Inc.^(a)		226		5,028
Lawson Products, Inc.^(a)		284		14,907
McGrath RentCorp		1,570		123,119
MRC Global, Inc.^(a)(b)		5,391		49,435
MSC Industrial Direct Co., Inc., Class A		3,293		293,637
NOW, Inc.^(a)		7,488		73,907
Rush Enterprises, Inc., Class A		2,782		130,726
Rush Enterprises, Inc., Class B		502		22,028
SiteOne Landscape Supply, Inc.^(a)(b)		3,170		554,053
Textainer Group Holdings Ltd.^(a)		3,150		101,682
Titan Machinery, Inc.^(a)		1,299		37,060
Transcat, Inc.^(a)		421		26,881
Triton International Ltd.		4,496		237,344
Univar Solutions, Inc.^(a)		12,365		303,437
Veritiv Corp.^(a)		1,034		63,363
Watsco, Inc.		2,305		651,024
WESCO International, Inc.^(a)		3,235		344,366
Willis Lease Finance Corp.^(a)		240		9,984

				4,857,795

Transportation Infrastructure — 0.0%
Macquarie Infrastructure Corp.		5,034		198,843


Water Utilities — 0.4%
American States Water Co.		2,791		246,501
Artesian Resources Corp., Class A		484		18,915
Cadiz, Inc.^(a)(b)		3,115		42,208
California Water Service Group		3,670		230,036
Essential Utilities, Inc.		16,023		787,050
Global Water Resources, Inc.		556		9,797
Middlesex Water Co.		1,224		124,530
Pure Cycle Corp.^(a)		1,157		17,887


Security	Shares		Value

Water Utilities (continued)
SJW Group		2,123	$	146,338
York Water Co.		921		44,447

				1,667,709

Wireless Telecommunication Services — 0.1%
Gogo, Inc.^(a)		3,877		40,204
Shenandoah Telecommunications Co.		3,721		196,432
Telephone & Data Systems, Inc.		6,891		154,014
United States Cellular Corp.^(a)(b)		1,027		37,342

				427,992


Total Common Stocks — 98.6% (Cost: $336,056,183)				469,641,728


Investment Companies

Equity Funds^(e)— 0.9%
iShares Russell 2000 ETF^(b)		12,238		2,705,210
iShares Russell Mid-Cap ETF		22,632		1,806,939

				4,512,149


Total Investment Companies — 0.9% (Cost: $4,201,485)				4,512,149


Total Long-Term Investments — 99.5% (Cost: $340,257,668)				474,153,877


Short-Term Securities

Money Market Funds — 11.8%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.09%^(e)(f)(g)		37,699,664		37,718,513
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.01%^(e)(f)		18,388,584		18,388,584


Total Short-Term Securities — 11.8% (Cost: $56,100,968)				56,107,097


Total Investments — 111.3% (Cost: $396,358,636)				530,260,974
Liabilities in Excess of Other Assets — (11.3)%				(53,979,932	)


Net Assets — 100.0%			$	476,281,042

^(a)	Non-income producing security.

^(b)	All or a portion of this security is on loan.

^(c)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(d)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(e)	Affiliate of the Fund.

^(f)	Annualized 7-day yield as of period end.

^(g)	All or a portion of this security was purchased with the cash collateral from loaned securities.

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the year ended July 31, 2021, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.


Security	Shares		Value

Common Stocks

Aerospace & Defense — 1.5%
AAR Corp.^(a)		1,832	$	65,512
Aerojet Rocketdyne Holdings, Inc.		3,820		180,228
AeroVironment, Inc.^(a)(b)		1,173		118,590
Astronics Corp.^(a)		802		13,698
Axon Enterprise, Inc.^(a)		3,368		626,515
Boeing Co.^(a)		28,154		6,376,318
BWX Technologies, Inc.		4,874		279,914
Byrna Technologies, Inc.^(a)		889		21,336
Curtiss-Wright Corp.		2,060		243,698
Ducommun, Inc.^(a)		463		24,979
General Dynamics Corp.		12,910		2,530,747
HEICO Corp.		2,244		303,501
HEICO Corp., Class A		4,056		491,952
Hexcel Corp.^(a)		4,318		234,986
Howmet Aerospace, Inc.		20,574		675,239
Huntington Ingalls Industries, Inc.		2,107		432,209
Kaman Corp.		1,670		74,065
Kratos Defense & Security Solutions, Inc.^(a)		6,472		176,038
L3Harris Technologies, Inc.		10,505		2,381,904
Lockheed Martin Corp.		13,052		4,851,037
Maxar Technologies, Inc.		3,672		133,184
Mercury Systems, Inc.^(a)		2,730		180,180
Moog, Inc., Class A		1,532		119,297
National Presto Industries, Inc.		228		21,997
Northrop Grumman Corp.		7,766		2,819,213
PAE, Inc.^(a)		2,523		22,505
Park Aerospace Corp.		658		9,804
Parsons Corp.^(a)		1,324		51,133
Raytheon Technologies Corp.		78,135		6,793,838
Spirit AeroSystems Holdings, Inc., Class A		5,385		232,686
Teledyne Technologies, Inc.^(a)		2,315		1,048,163
Textron, Inc.		11,733		809,694
TransDigm Group, Inc.^(a)		2,673		1,713,634
Triumph Group, Inc.^(a)		2,767		52,711
Vectrus, Inc.^(a)		359		16,259
Virgin Galactic Holdings Inc.^(a)(b)		7,283		218,417

				34,345,181

Air Freight & Logistics — 0.6%
Air Transport Services Group, Inc.^(a)		3,269		79,110
Atlas Air Worldwide Holdings, Inc.^(a)		1,506		100,857
C.H. Robinson Worldwide, Inc.		6,883		613,757
Echo Global Logistics, Inc.^(a)		852		26,352
Expeditors International of Washington, Inc.		8,706		1,116,545
FedEx Corp.		12,632		3,536,328
Forward Air Corp.		1,607		142,123
Hub Group, Inc., Class A^(a)		1,752		116,123
Radiant Logistics, Inc.^(a)		1,065		6,624
United Parcel Service, Inc., Class B		37,822		7,237,618
XPO Logistics, Inc.^(a)		5,048		700,107

				13,675,544

Airlines^(a)— 0.2%
Alaska Air Group, Inc.		6,145		356,594
Allegiant Travel Co.		769		146,202
American Airlines Group, Inc.		32,338		659,048
Copa Holdings SA, Class A		1,661		117,782
Delta Air Lines, Inc.		32,548		1,298,665
Frontier Group Holdings, Inc.		1,674		24,675
Hawaiian Holdings, Inc.		2,898		57,178
JetBlue Airways Corp.		15,938		235,723


Security	Shares		Value

Airlines (continued)
Mesa Air Group, Inc.		1,258	$	11,221
SkyWest, Inc.		2,859		115,761
Southwest Airlines Co.		30,656		1,548,741
Spirit Airlines, Inc.		5,015		135,305
Sun Country Airlines Holdings, Inc.		884		28,721
United Airlines Holdings, Inc.		17,037		795,969

				5,531,585

Auto Components — 0.3%
Adient PLC^(a)		4,947		208,417
American Axle & Manufacturing Holdings, Inc.^(a)		6,123		59,332
Aptiv PLC^(a)		13,908		2,320,550
BorgWarner, Inc.		12,378		606,274
Cooper-Standard Holdings, Inc.^(a)		597		15,552
Dana, Inc.		7,592		183,423
Dorman Products, Inc.^(a)		1,364		137,969
Fox Factory Holding Corp.^(a)		2,189		353,611
Gentex Corp.		12,610		429,118
Gentherm, Inc.^(a)		1,641		136,088
Goodyear Tire & Rubber Co.^(a)		13,978		219,594
LCI Industries		1,265		184,462
Lear Corp.		3,068		536,839
Modine Manufacturing Co.^(a)(b)		3,006		50,290
Motorcar Parts of America, Inc.^(a)		702		15,613
Patrick Industries, Inc.		988		81,638
QuantumScape Corp.^(a)(b)		5,835		133,680
Standard Motor Products, Inc.		1,011		42,219
Stoneridge, Inc.^(a)		1,548		44,815
Tenneco, Inc., Class A^(a)		3,547		61,753
Visteon Corp.^(a)		1,357		154,766
XL Fleet Corp.^(a)(b)		2,774		19,363
XPEL Inc.^(a)(b)		1,008		93,341

				6,088,707

Automobiles — 1.5%
Arcimoto, Inc.^(a)(b)		1,593		26,046
Canoo, Inc.^(a)(b)		4,079		33,162
Fisker, Inc.^(a)		7,931		127,848
Ford Motor Co.^(a)		209,849		2,927,393
General Motors Co.^(a)		72,927		4,145,171
Harley-Davidson, Inc.		8,128		322,031
Lordstown Motors Corp., Class A^(a)		5,606		34,981
Tesla, Inc.^(a)		40,269		27,672,857
Thor Industries, Inc.		2,733		323,478
Winnebago Industries, Inc.		1,510		108,524
Workhorse Group, Inc.^(a)(b)		6,200		71,548

				35,793,039

Banks — 4.1%
1st Source Corp.		2,496		114,292
Allegiance Bancshares, Inc.		408		14,880
Altabancorp		977		39,461
Amalgamated Financial Corp.		666		10,230
Amerant Bancorp, Inc.^(a)		643		14,242
American National Bankshares, Inc.		234		7,392
Ameris Bancorp		2,122		103,150
Arrow Financial Corp.		482		17,376
Associated Banc-Corp.		9,965		197,307
Atlantic Capital Bancshares, Inc.^(a)		685		16,440
Atlantic Union Bankshares Corp.		5,090		180,542
Banc of California, Inc.		1,360		23,283
BancFirst Corp.		4,104		227,690
Bancorp, Inc.^(a)		1,904		44,497
BancorpSouth Bank		6,292		162,334


Security	Shares		Value

Banks (continued)
Bank First Corp.		309	$	21,627
Bank of America Corp.		393,222		15,083,996
Bank of Hawaii Corp.		2,202		184,329
Bank of Marin Bancorp		316		10,965
Bank of NT Butterfield & Son Ltd.		2,766		91,665
Bank OZK		6,510		265,022
BankUnited, Inc.		3,569		141,261
Banner Corp.		981		52,032
Bar Harbor Bankshares		399		11,427
Berkshire Hills Bancorp, Inc.		2,000		54,080
Blue Ridge Bankshares, Inc.^(b)		1,301		22,286
BOK Financial Corp.		1,851		155,503
Brookline Bancorp, Inc.		2,260		32,476
Bryn Mawr Bank Corp.		1,866		73,017
Business First Bancshares, Inc.		1,155		26,923
Byline Bancorp, Inc.		1,662		40,902
Cadence BanCorp		4,445		84,455
Cambridge Bancorp		245		20,967
Camden National Corp.		528		23,639
Capital Bancorp, Inc.		643		14,609
Capital City Bank Group, Inc.		363		8,835
Capstar Financial Holdings, Inc.		1,127		23,892
Carter Bankshares, Inc.^(a)		1,048		12,021
Cathay General Bancorp		5,815		220,214
CBTX, Inc.		506		13,308
Central Pacific Financial Corp.		427		10,931
Century Bancorp, Inc., Class A		231		26,422
CIT Group, Inc.		5,070		244,577
Citigroup, Inc.		108,462		7,334,200
Citizens & Northern Corp.		381		9,411
Citizens Financial Group, Inc.		22,454		946,661
City Holding Co.		442		33,442
Civista Bancshares, Inc.		808		18,495
CNB Financial Corp.		283		6,526
Coastal Financial Corp.^(a)		714		20,863
Columbia Banking System, Inc.		2,735		95,561
Comerica, Inc.		7,268		499,021
Commerce Bancshares, Inc.		5,753		406,910
Community Bank System, Inc.		1,925		137,907
Community Trust Bancorp, Inc.		2,423		96,339
ConnectOne Bancorp, Inc.		2,102		55,283
CrossFirst Bankshares, Inc.^(a)		2,745		37,908
Cullen/Frost Bankers, Inc.		3,216		345,141
Customers Bancorp, Inc.^(a)		1,074		38,900
CVB Financial Corp.		5,185		98,826
Dime Community Bancshares, Inc.		1,767		58,346
Eagle Bancorp, Inc.		1,044		57,451
East West Bancorp, Inc.		7,185		511,213
Eastern Bankshares, Inc.		8,813		160,837
Enterprise Bancorp, Inc.		214		6,998
Enterprise Financial Services Corp.		1,968		87,714
Equity Bancshares, Inc., Class A^(a)		361		10,635
Farmers National Banc Corp.		1,865		28,628
FB Financial Corp.		1,697		64,164
Fidelity D&D Bancorp, Inc.		168		8,568
Fifth Third Bancorp		36,734		1,333,077
Financial Institutions, Inc.		439		12,924
First Bancorp, Inc.		314		9,125
First BanCorp, Puerto Rico		5,214		63,246
First Bancorp/Southern Pines NC		897		35,880
First Bancshares, Inc.		1,176		45,358
First Bank/Hamilton		1,767		23,545
First Busey Corp.		4,173		98,483


Security	Shares		Value

Banks (continued)
First Citizens BancShares, Inc., Class A		304	$	237,907
First Commonwealth Financial Corp.		3,047		40,129
First Community Bancshares, Inc.		576		16,819
First Financial Bancorp		3,534		79,515
First Financial Bankshares, Inc.		6,582		321,465
First Financial Corp.		515		20,626
First Foundation, Inc.		2,299		54,187
First Hawaiian, Inc.		7,256		199,758
First Horizon Corp.		28,043		433,264
First Internet Bancorp		258		7,812
First Interstate Bancsystem, Inc., Class A		2,789		116,915
First Merchants Corp.		2,981		121,416
First Mid Bancshares, Inc.		847		34,464
First Midwest Bancorp, Inc.		3,526		63,256
First of Long Island Corp.		1,705		36,743
First Republic Bank		9,048		1,764,541
Flushing Financial Corp.		1,802		39,734
FNB Corp.		21,005		240,717
Fulton Financial Corp.		11,311		173,285
German American Bancorp, Inc.		1,941		73,176
Glacier Bancorp, Inc.		5,216		268,937
Great Southern Bancorp, Inc.		1,869		97,244
Great Western Bancorp, Inc.		1,846		56,857
Guaranty Bancshares, Inc.		297		9,935
Hancock Whitney Corp.		4,507		197,001
Hanmi Financial Corp.		907		16,535
HarborOne Bancorp, Inc.		5,315		72,337
Heartland Financial USA, Inc.		2,318		105,747
Heritage Commerce Corp.		3,436		37,246
Heritage Financial Corp.		1,053		25,472
Hilltop Holdings, Inc.		3,539		112,116
Home BancShares, Inc.		8,335		176,535
HomeTrust Bancshares, Inc.		642		16,904
Hope Bancorp, Inc.		3,638		48,204
Horizon Bancorp, Inc.		2,632		43,981
Howard Bancorp, Inc.^(a)		467		9,200
Huntington Bancshares, Inc.		76,086		1,071,291
Independent Bank Corp.		2,109		104,131
Independent Bank Group, Inc.		1,861		129,712
International Bancshares Corp.		3,311		129,394
Investors Bancorp, Inc.		8,514		117,664
JPMorgan Chase & Co.		155,900		23,662,502
KeyCorp		51,297		1,008,499
Lakeland Bancorp, Inc.		4,929		80,688
Lakeland Financial Corp.		1,121		74,961
Live Oak Bancshares, Inc.^(b)		1,658		99,795
M&T Bank Corp.		6,852		917,140
Macatawa Bank Corp.		816		6,789
Mercantile Bank Corp.		497		15,531
Metrocity Bankshares, Inc.		765		15,277
Metropolitan Bank Holding Corp.^(a)		533		37,859
Mid Penn Bancorp, Inc.		806		20,996
Midland States Bancorp, Inc.		963		23,699
MidWestOne Financial Group, Inc.		1,021		29,742
MVB Financial Corp.		865		35,854
National Bank Holdings Corp., Class A		890		31,559
NBT Bancorp, Inc.		1,281		44,643
Nicolet Bankshares, Inc.^(a)		324		23,454
Northrim BanCorp, Inc.		226		9,225
OceanFirst Financial Corp.		4,668		91,026
OFG Bancorp		1,912		44,167
Old National Bancorp		5,681		91,407
Old Second Bancorp, Inc.		606		7,018


Security	Shares		Value

Banks (continued)
Origin Bancorp, Inc.		1,892	$	76,967
Orrstown Financial Services, Inc.		348		8,021
Pacific Premier Bancorp, Inc.		3,852		146,299
PacWest Bancorp		6,105		243,101
Park National Corp.		615		70,055
Peapack Gladstone Financial Corp.		1,216		39,167
Peoples Bancorp, Inc.		664		19,581
Peoples Financial Services Corp.		546		23,423
People’s United Financial, Inc.		22,583		354,553
Pinnacle Financial Partners, Inc.		3,804		340,876
PNC Financial Services Group, Inc.		21,938		4,001,711
Popular, Inc.		4,240		308,502
Preferred Bank/Los Angeles CA		405		23,887
Premier Financial Bancorp, Inc.		500		8,510
Primis Financial Corp.		1,942		30,198
Prosperity Bancshares, Inc.		4,716		321,584
QCR Holdings, Inc.		904		44,377
RBB Bancorp		350		8,376
Red River Bancshares, Inc.		282		14,368
Regions Financial Corp.		50,841		978,689
Reliant Bancorp, Inc.		1,151		31,998
Renasant Corp.		1,899		66,807
Republic Bancorp, Inc., Class A		204		9,947
Republic First Bancorp, Inc.^(a)		1,213		4,476
S&T Bancorp, Inc.		1,347		39,669
Sandy Spring Bancorp, Inc.		2,975		123,730
Seacoast Banking Corp. of Florida		1,610		48,928
ServisFirst Bancshares, Inc.		2,594		184,382
Sierra Bancorp		304		7,336
Signature Bank		2,955		670,696
Silvergate Capital Corp., Class A^(a)		1,152		118,426
Simmons First National Corp., Class A		3,421		93,120
SmartFinancial, Inc.		348		8,481
South State Corp.		3,665		252,299
Southern First Bancshares, Inc.^(a)		161		7,974
Southside Bancshares, Inc.		1,208		43,536
Spirit of Texas Bancshares, Inc.		929		21,627
Sterling Bancorp		9,812		213,019
Stock Yards Bancorp, Inc.		1,115		53,119
Summit Financial Group, Inc.		488		11,346
SVB Financial Group^(a)(b)		3,087		1,697,727
Synovus Financial Corp.		7,747		316,852
Texas Capital Bancshares, Inc.^(a)		2,636		166,015
Tompkins Financial Corp.		571		43,824
TowneBank		6,068		180,887
Trico Bancshares		1,297		51,141
TriState Capital Holdings, Inc.^(a)		1,824		37,045
Triumph Bancorp, Inc.^(a)		1,117		85,629
Truist Financial Corp.		69,558		3,786,042
Trustmark Corp.		3,530		105,971
U.S. Bancorp		69,446		3,857,031
UMB Financial Corp.		2,209		206,762
Umpqua Holdings Corp.		13,358		252,065
United Bankshares, Inc.		6,354		219,467
United Community Banks, Inc.		2,390		68,856
Univest Financial Corp.		4,249		116,253
Valley National Bancorp		22,509		290,141
Veritex Holdings, Inc.		1,506		50,526
Washington Trust Bancorp, Inc.		832		40,560
Webster Financial Corp.		4,629		222,655
Wells Fargo & Co.		215,794		9,913,576
WesBanco, Inc.		4,292		138,546


Security	Shares		Value

Banks (continued)
West BanCorp., Inc.		346	$	10,200
Westamerica BanCorp		987		54,828
Western Alliance Bancorp		5,121		475,331
Wintrust Financial Corp.		3,001		214,271
Zions Bancorp NA		8,399		438,008

				96,349,456

Beverages — 1.3%
Boston Beer Co., Inc., Class A^(a)		470		333,700
Brown-Forman Corp., Class A		2,241		149,900
Brown-Forman Corp., Class B		9,430		668,776
Celsius Holdings, Inc.^(a)		2,284		156,751
Coca-Cola Co.		201,863		11,512,247
Coca-Cola Consolidated, Inc.^(b)		267		106,573
Constellation Brands, Inc., Class A		8,382		1,880,418
Duckhorn Portfolio, Inc.^(a)		1,097		24,101
Keurig Dr Pepper, Inc.		36,017		1,268,159
MGP Ingredients, Inc.		794		47,362
Molson Coors Beverage Co., Class B		9,125		446,121
Monster Beverage Corp.^(a)		19,287		1,819,150
National Beverage Corp.		1,082		49,101
NewAge, Inc.^(a)		4,799		9,166
PepsiCo, Inc.		71,724		11,257,082
Primo Water Corp.		8,535		141,083

				29,869,690

Biotechnology — 2.6%
4D Molecular Therapeutics, Inc.^(a)		982		24,422
89bio, Inc.^(a)		289		4,526
AbbVie, Inc.		92,038		10,704,019
ACADIA Pharmaceuticals, Inc.^(a)		6,095		131,835
Acceleron Pharma, Inc.^(a)		2,698		337,412
Aduro Biotech, Inc.^(a)(c)		400		1,200
Adverum Biotechnologies, Inc.^(a)		3,722		8,449
Aeglea BioTherapeutics, Inc.^(a)		2,074		12,714
Affimed NV^(a)(b)		6,814		45,313
Agenus, Inc.^(a)		8,555		44,315
Agios Pharmaceuticals, Inc.^(a)(b)		2,966		142,635
Akebia Therapeutics, Inc.^(a)		4,847		11,972
Akero Therapeutics, Inc.^(a)(b)		963		20,647
Akouos, Inc.^(a)(b)		2,027		22,033
Albireo Pharma, Inc.^(a)		609		17,423
Aldeyra Therapeutics, Inc.^(a)		2,558		22,766
Alector, Inc.^(a)(b)		2,986		71,768
Aligos Therapeutics, Inc.^(a)		956		13,929
Alkermes PLC^(a)		8,411		217,593
Allakos, Inc.^(a)		1,767		140,583
Allogene Therapeutics, Inc.^(a)		3,795		83,300
Allovir, Inc.^(a)		1,851		35,428
Alnylam Pharmaceuticals, Inc.^(a)		6,066		1,085,450
Altimmune, Inc.^(a)		1,708		15,492
ALX Oncology Holdings, Inc.^(a)		841		49,249
Amgen, Inc.		30,076		7,264,557
Amicus Therapeutics, Inc.^(a)		13,772		127,942
AnaptysBio, Inc.^(a)		865		19,878
Anavex Life Sciences Corp.^(a)(b)		3,482		62,502
Anika Therapeutics, Inc.^(a)		494		19,824
Annexon, Inc.^(a)(b)		2,127		44,795
Apellis Pharmaceuticals, Inc.^(a)(b)		3,281		209,951
Applied Molecular Transport, Inc.^(a)		933		26,152
Applied Therapeutics, Inc.^(a)		1,299		22,356
AquaBounty Technologies, Inc.^(a)		3,889		19,251
Arcturus Therapeutics Holdings, Inc.^(a)		826		25,862
Arcus Biosciences, Inc.^(a)		2,050		64,390


Security	Shares		Value

Biotechnology (continued)
Arcutis Biotherapeutics, Inc.^(a)		1,650	$	38,494
Ardelyx, Inc.^(a)(b)		5,313		9,245
Arena Pharmaceuticals, Inc.^(a)		3,126		193,374
Arrowhead Pharmaceuticals, Inc.^(a)		5,140		356,151
Atara Biotherapeutics, Inc.^(a)		4,529		57,745
Athenex, Inc.^(a)		2,643		9,964
Athersys, Inc.^(a)		6,963		11,350
Atossa Therapeutics, Inc.^(a)(b)		6,050		18,089
Atreca, Inc., Class A^(a)(b)		1,687		9,262
Avid Bioservices, Inc.^(a)(b)		3,513		90,108
Avidity Biosciences, Inc.^(a)(b)		1,781		34,391
Avita Medical, Inc.^(a)		1,264		23,422
Avrobio, Inc.^(a)		1,777		13,079
Beam Therapeutics, Inc.^(a)		2,369		217,948
Beyondspring, Inc.^(a)(b)		425		4,046
BioAtla, Inc.^(a)(b)		811		33,243
BioCryst Pharmaceuticals, Inc.^(a)		9,050		145,886
Biogen, Inc.^(a)		7,725		2,523,989
Biohaven Pharmaceutical Holding Co. Ltd.^(a)		2,731		344,133
BioMarin Pharmaceutical, Inc.^(a)		9,563		733,769
Bioxcel Therapeutics, Inc.^(a)		1,041		26,639
Black Diamond Therapeutics, Inc.^(a)(b)		546		5,220
Bluebird Bio, Inc.^(a)(b)		3,578		90,917
Blueprint Medicines Corp.^(a)		3,002		263,786
Bolt Biotherapeutics, Inc.^(a)		1,119		12,477
Bridgebio Pharma, Inc.^(a)(b)		5,402		288,737
C4 Therapeutics, Inc.^(a)		1,786		77,048
Cardiff Oncology, Inc.^(a)		2,894		15,396
CareDx, Inc.^(a)		2,536		213,125
Catalyst Pharmaceuticals, Inc.^(a)		2,952		17,240
Celldex Therapeutics, Inc.^(a)		1,973		86,319
CEL-SCI Corp.^(a)(b)		2,268		18,212
Cerevel Therapeutics Holdings, Inc.^(a)		1,820		44,845
ChemoCentryx, Inc.^(a)(b)		3,416		50,488
Chimerix, Inc.^(a)(b)		2,973		19,711
Chinook Therapeutics, Inc.^(a)		1,931		25,161
Clene, Inc.^(a)(b)		2,307		19,840
Clovis Oncology, Inc.^(a)(b)		3,846		18,576
Codiak Biosciences, Inc.^(a)		1,043		18,044
Cogent Biosciences, Inc.^(a)		2,592		15,552
Coherus Biosciences, Inc.^(a)(b)		3,643		47,541
Cortexyme, Inc.^(a)		1,076		60,805
Crinetics Pharmaceuticals, Inc.^(a)		1,292		23,230
Cue Biopharma, Inc.^(a)		690		7,190
Cullinan Oncology, Inc.^(a)		976		22,380
CureVac NV^(a)(b)		2,682		132,115
Curis, Inc.^(a)		4,358		33,077
Cytokinetics, Inc.^(a)		3,749		111,270
CytomX Therapeutics, Inc.^(a)		4,560		24,670
Deciphera Pharmaceuticals, Inc.^(a)		2,226		67,871
Denali Therapeutics, Inc.^(a)		4,581		233,768
DermTech, Inc.^(a)(b)		1,193		40,156
Design Therapeutics, Inc.^(a)		954		14,768
Dicerna Pharmaceuticals, Inc.^(a)		3,662		137,362
Dynavax Technologies Corp.^(a)		6,384		59,627
Dyne Therapeutics, Inc.^(a)		1,550		28,008
Eagle Pharmaceuticals, Inc.^(a)		611		28,411
Editas Medicine, Inc.^(a)(b)		3,324		139,143
Eiger Biopharmaceuticals, Inc.^(a)		1,014		8,071
Emergent BioSolutions, Inc.^(a)		2,504		165,014
Enanta Pharmaceuticals, Inc.^(a)		870		36,757
Epizyme, Inc.^(a)		3,608		23,921
Evelo Biosciences, Inc.^(a)		1,111		10,232


Security	Shares		Value

Biotechnology (continued)
Exact Sciences Corp.^(a)		8,863	$	955,786
Exelixis, Inc.^(a)		15,959		268,909
Fate Therapeutics, Inc.^(a)		4,192		347,098
FibroGen, Inc.^(a)		4,502		58,526
Flexion Therapeutics, Inc.^(a)(b)		2,257		13,384
Foghorn Therapeutics, Inc.^(a)		2,424		21,986
Forma Therapeutics Holdings, Inc.^(a)(b)		1,944		44,498
Forte Biosciences, Inc.^(a)		598		17,916
Fortress Biotech, Inc.^(a)		6,297		19,584
Frequency Therapeutics, Inc.^(a)		1,215		10,121
G1 Therapeutics, Inc.^(a)(b)		2,234		38,671
Generation Bio Co.^(a)(b)		1,780		38,697
Geron Corp.^(a)(b)		13,028		15,894
Gilead Sciences, Inc.		66,414		4,535,412
Global Blood Therapeutics, Inc.^(a)		3,164		86,472
Gossamer Bio, Inc.^(a)		2,626		20,640
Gritstone bio, Inc.^(a)		1,243		8,303
Halozyme Therapeutics, Inc.^(a)		7,110		293,856
Harpoon Therapeutics, Inc.^(a)		690		6,755
Heron Therapeutics, Inc.^(a)		5,088		62,888
Homology Medicines, Inc.^(a)		2,223		14,138
Horizon Therapeutics PLC^(a)		11,046		1,104,821
Humanigen, Inc.^(a)(b)		2,325		37,479
iBio, Inc.^(a)(b)		16,470		20,423
Ideaya Biosciences, Inc.^(a)		1,859		45,545
IGM Biosciences, Inc.^(a)(b)		534		36,317
ImmunityBio, Inc.^(a)(b)		3,425		37,538
ImmunoGen, Inc.^(a)		10,990		61,654
Immunovant, Inc.^(a)		1,328		13,891
Incyte Corp.^(a)		9,661		747,278
Infinity Pharmaceuticals, Inc.^(a)		6,820		14,458
Inhibrx, Inc.^(a)		1,399		39,816
Inovio Pharmaceuticals, Inc.^(a)(b)		12,025		101,010
Inozyme Pharma, Inc.^(a)		1,258		21,097
Insmed, Inc.^(a)		5,392		132,643
Instil Bio, Inc.^(a)(b)		1,223		18,406
Intellia Therapeutics, Inc.^(a)		3,464		491,368
Intercept Pharmaceuticals, Inc.^(a)		997		17,228
Invitae Corp.^(a)(b)		10,119		283,231
Ionis Pharmaceuticals, Inc.^(a)		7,209		267,742
Iovance Biotherapeutics, Inc.^(a)		7,420		165,243
Ironwood Pharmaceuticals, Inc.^(a)		7,031		93,301
iTeos Therapeutics, Inc.^(a)		952		22,877
IVERIC bio, Inc.^(a)(b)		4,558		39,336
Jounce Therapeutics, Inc.^(a)		2,971		14,974
Kadmon Holdings, Inc.^(a)		5,651		21,248
KalVista Pharmaceuticals, Inc.^(a)		672		13,534
Karuna Therapeutics, Inc.^(a)		1,161		132,609
Karyopharm Therapeutics, Inc.^(a)		2,939		24,482
Keros Therapeutics, Inc.^(a)		477		17,554
Kezar Life Sciences, Inc.^(a)		2,971		14,469
Kiniksa Pharmaceuticals Ltd., Class A^(a)		935		14,334
Kinnate Biopharma, Inc.^(a)		1,144		24,688
Kodiak Sciences, Inc.^(a)		1,665		139,594
Kronos Bio, Inc.^(a)(b)		2,376		48,589
Krystal Biotech, Inc.^(a)		950		55,518
Kura Oncology, Inc.^(a)(b)		3,343		63,316
Kymera Therapeutics, Inc.^(a)		1,455		87,562
Lexicon Pharmaceuticals, Inc.^(a)(b)		1,529		5,413
Ligand Pharmaceuticals, Inc.^(a)		802		91,035
Lineage Cell Therapeutics, Inc.^(a)		8,090		21,277
MacroGenics, Inc.^(a)		3,347		83,541
Madrigal Pharmaceuticals, Inc.^(a)(b)		600		52,392


Security	Shares		Value

Biotechnology (continued)
Magenta Therapeutics, Inc.^(a)		606	$	4,315
MannKind Corp.^(a)		15,218		62,394
MEI Pharma, Inc.^(a)		4,856		13,111
MeiraGTx Holdings plc^(a)(b)		2,029		28,386
Mersana Therapeutics, Inc.^(a)(b)		3,619		39,809
MiMedx Group, Inc.^(a)		5,597		68,619
Mirati Therapeutics, Inc.^(a)		2,014		322,361
Moderna, Inc.^(a)		17,762		6,280,643
Molecular Templates, Inc.^(a)		873		6,111
Morphic Holding, Inc.^(a)		1,057		60,904
Mustang Bio, Inc.^(a)		6,462		18,675
Myriad Genetics, Inc.^(a)		3,955		125,097
Natera, Inc.^(a)		3,957		453,156
Neoleukin Therapeutics, Inc.^(a)		1,127		7,878
Neurocrine Biosciences, Inc.^(a)		4,851		452,162
Nkarta, Inc.^(a)		599		19,024
Novavax, Inc.^(a)(b)		3,873		694,545
Nurix Therapeutics Inc.^(a)		1,735		53,334
Ocugen, Inc.^(a)(b)		9,292		62,349
Olema Pharmaceuticals, Inc.^(a)		931		21,860
Oncocyte Corp.^(a)		4,037		20,750
Oncorus, Inc.^(a)		1,407		18,038
OPKO Health, Inc.^(a)		22,404		77,070
Organogenesis Holdings, Inc.^(a)		2,184		33,503
ORIC Pharmaceuticals, Inc.^(a)		2,033		33,849
Outlook Therapeutics, Inc.^(a)		10,081		22,783
Oyster Point Pharma, Inc.^(a)(b)		333		4,745
Passage Bio, Inc.^(a)		1,051		12,402
PMV Pharmaceuticals, Inc.^(a)		1,368		46,526
Poseida Therapeutics, Inc.^(a)(b)		2,547		20,656
Praxis Precision Medicines, Inc.^(a)		658		10,265
Precigen, Inc.^(a)(b)		5,740		31,513
Precision BioSciences, Inc.^(a)		1,437		14,169
Prelude Therapeutics, Inc.^(a)		414		13,265
Prometheus Biosciences, Inc.^(a)		1,001		20,991
Protagonist Therapeutics, Inc.^(a)		2,080		102,814
Prothena Corp. PLC^(a)		1,747		87,525
PTC Therapeutics, Inc.^(a)		3,618		138,678
Puma Biotechnology, Inc.^(a)		955		7,182
Radius Health, Inc.^(a)		2,817		42,621
Rapt Therapeutics, Inc.^(a)		1,138		34,902
Recursion Pharmaceuticals, Inc., Class A^(a)(b)		1,058		32,110
Regeneron Pharmaceuticals, Inc.^(a)		5,160		2,964,988
REGENXBIO, Inc.^(a)		2,116		68,389
Relay Therapeutics, Inc.^(a)(b)		2,946		95,568
Replimune Group, Inc.^(a)		1,503		49,193
Revolution Medicines, Inc.^(a)		3,048		87,295
Rhythm Pharmaceuticals, Inc.^(a)		2,428		41,980
Rigel Pharmaceuticals, Inc.^(a)		11,055		44,220
Rocket Pharmaceuticals, Inc.^(a)(b)		2,057		73,682
Rubius Therapeutics, Inc.^(a)		2,618		56,261
Sage Therapeutics, Inc.^(a)		2,617		114,441
Sana Biotechnology, Inc.^(a)(b)		1,441		23,474
Sangamo Therapeutics, Inc.^(a)		6,311		60,459
Sarepta Therapeutics, Inc.^(a)(b)		3,935		266,714
Scholar Rock Holding Corp.^(a)		1,312		41,000
Seagen, Inc.^(a)		7,596		1,165,150
Selecta Biosciences, Inc.^(a)		4,872		16,857
Seres Therapeutics, Inc.^(a)		3,502		24,864
Sesen Bio, Inc.^(a)		8,602		32,085
Shattuck Labs, Inc.^(a)		1,567		34,537
Silverback Therapeutics, Inc.^(a)(b)		896		27,131


Security	Shares		Value

Biotechnology (continued)
Solid Biosciences, Inc.^(a)		285	$	795
Sorrento Therapeutics, Inc.^(a)(b)		14,141		116,098
Spectrum Pharmaceuticals, Inc.^(a)		8,396		27,035
Spero Therapeutics, Inc.^(a)(b)		858		11,446
SpringWorks Therapeutics, Inc.^(a)		1,472		126,150
SQZ Biotechnologies Co.^(a)		1,721		20,824
Stoke Therapeutics, Inc.^(a)		1,062		30,405
Surface Oncology, Inc.^(a)		3,510		21,095
Sutro Biopharma, Inc.^(a)		2,510		42,745
Syndax Pharmaceuticals, Inc.^(a)		2,263		32,995
Syros Pharmaceuticals, Inc.^(a)		1,897		8,764
Taysha Gene Therapies, Inc.^(a)		1,155		19,970
TCR2 Therapeutics, Inc.^(a)		1,361		16,931
TG Therapeutics, Inc.^(a)		6,480		226,735
Tonix Pharmaceuticals Holding Corp.^(a)		19,969		14,298
Translate Bio, Inc.^(a)		3,820		105,585
Travere Therapeutics, Inc.^(a)		2,163		29,741
Trevena, Inc.^(a)(b)		11,790		15,681
Trillium Therapeutics, Inc.^(a)		5,030		32,846
Turning Point Therapeutics, Inc.^(a)		2,336		149,083
Twist Bioscience Corp.^(a)		2,416		297,289
Ultragenyx Pharmaceutical, Inc.^(a)		3,315		264,636
United Therapeutics Corp.^(a)		2,264		411,889
UroGen Pharma Ltd.^(a)		839		13,004
Vanda Pharmaceuticals, Inc.^(a)		2,945		48,033
Vaxart, Inc.^(a)(b)		6,011		43,219
Vaxcyte, Inc.^(a)		2,000		43,360
VBI Vaccines, Inc.^(a)		9,724		28,978
Veracyte, Inc.^(a)		3,457		154,044
Verastem, Inc.^(a)		8,381		27,071
Vericel Corp.^(a)		2,424		128,327
Vertex Pharmaceuticals, Inc.^(a)		13,383		2,697,745
Viking Therapeutics, Inc.^(a)		2,199		13,524
Vir Biotechnology, Inc.^(a)		3,094		110,301
Viracta Therapeutics, Inc.^(a)		1,898		19,967
VistaGen Therapeutics, Inc.^(a)		9,627		25,608
XBiotech, Inc.		663		10,741
Xencor, Inc.^(a)		3,012		92,709
XOMA Corp.^(a)		708		22,939
Y-mAbs Therapeutics, Inc.^(a)		1,877		62,129
Zentalis Pharmaceuticals, Inc.^(a)		1,673		89,020
ZIOPHARM Oncology, Inc.^(a)		9,111		20,682

				61,024,521

Building Products — 0.7%
A O Smith Corp.		6,852		481,901
AAON, Inc.		2,286		142,075
Advanced Drainage Systems, Inc.		2,832		345,759
Allegion plc		4,660		636,556
American Woodmark Corp.^(a)		907		67,345
Apogee Enterprises, Inc.		1,427		56,609
Armstrong World Industries, Inc.		2,432		263,094
AZEK Co., Inc.^(a)		5,607		203,927
Builders FirstSource, Inc.^(a)		10,362		461,109
Caesarstone Ltd.		516		6,847
Carlisle Cos., Inc.		2,593		524,408
Carrier Global Corp.		44,638		2,466,249
Cornerstone Building Brands, Inc.^(a)		2,814		47,331
CSW Industrials, Inc.		651		77,007
Fortune Brands Home & Security, Inc.		7,157		697,593
Gibraltar Industries, Inc.^(a)		1,619		120,907
Griffon Corp.		2,372		54,841
Insteel Industries, Inc.		1,232		47,839


Security	Shares		Value

Building Products (continued)
JELD-WEN Holding, Inc.^(a)		4,334	$	114,764
Johnson Controls International plc		36,736		2,623,685
Lennox International, Inc.		1,805		594,621
Masco Corp.		13,158		785,664
Masonite International Corp.^(a)		1,247		141,111
Owens Corning		5,153		495,512
PGT Innovations, Inc.^(a)		2,429		54,847
Quanex Building Products Corp.		1,892		46,997
Resideo Technologies, Inc.^(a)		7,379		217,681
Simpson Manufacturing Co., Inc.		2,261		254,317
Trane Technologies PLC		12,253		2,494,833
Trex Co., Inc.^(a)(b)		6,016		584,154
UFP Industries, Inc.		2,964		220,107
View, Inc.^(a)(b)		4,259		25,937

				15,355,627

Capital Markets — 3.0%
Affiliated Managers Group, Inc.		2,128		337,160
Ameriprise Financial, Inc.		6,020		1,550,511
Apollo Global Management, Inc.		9,267		545,456
Ares Management Corp., Class A		6,894		493,679
Artisan Partners Asset Management, Inc., Class A		2,962		142,443
Assetmark Financial Holdings, Inc.^(a)		965		25,186
Associated Capital Group, Inc., Class A		82		3,091
B. Riley Financial, Inc.		1,026		69,317
Bank of New York Mellon Corp.		43,822		2,249,383
BGC Partners, Inc., Class A		17,841		95,449
BlackRock, Inc.^(d)		7,364		6,385,840
Blackstone Group, Inc.		35,102		4,046,207
Blucora, Inc.^(a)		2,865		48,304
Brightsphere Investment Group, Inc.		3,261		81,492
Carlyle Group, Inc.		8,221		414,914
Cboe Global Markets, Inc.		5,459		646,728
Charles Schwab Corp.		82,599		5,612,602
CME Group, Inc.		19,052		4,041,501
Cohen & Steers, Inc.		1,418		117,992
Cowen, Inc., Class A		1,474		58,930
Diamond Hill Investment Group, Inc.		101		17,397
Donnelley Financial Solutions, Inc.^(a)		1,284		41,358
Evercore, Inc., Class A		2,077		274,579
FactSet Research Systems, Inc.		1,918		685,263
Federated Hermes, Inc.		5,140		166,742
Focus Financial Partners, Inc., Class A^(a)		2,618		134,382
Franklin Resources, Inc.		15,056		444,905
GAMCO Investors, Inc., Class A		133		3,583
GCM Grosvenor, Inc., Class A		2,165		21,563
Goldman Sachs Group, Inc.		17,003		6,374,085
Greenhill & Co., Inc.		768		12,303
Hamilton Lane, Inc., Class A		1,743		162,099
Houlihan Lokey, Inc.		3,948		351,767
Interactive Brokers Group, Inc., Class A		4,051		250,595
Intercontinental Exchange, Inc.		28,674		3,436,005
Invesco Ltd.		17,121		417,410
Janus Henderson Group PLC		4,146		173,469
Jefferies Financial Group, Inc.		11,251		373,421
KKR & Co., Inc.		28,515		1,818,116
Lazard Ltd., Class A		5,378		253,842
LPL Financial Holdings, Inc.		4,167		587,714
MarketAxess Holdings, Inc.		1,942		922,780
Moelis & Co., Class A		3,096		183,438
Moody’s Corp.		8,254		3,103,504
Morgan Stanley		71,524		6,864,873
Morningstar, Inc.		1,232		311,240


Security	Shares		Value

Capital Markets (continued)
MSCI, Inc.		4,122	$	2,456,547
Nasdaq, Inc.		5,946		1,110,297
Northern Trust Corp.		10,661		1,203,094
Open Lending Corp., Class A^(a)		5,102		193,876
Oppenheimer Holdings, Inc., Class A		713		32,049
Piper Sandler Cos		951		116,678
PJT Partners, Inc., Class A		1,317		102,950
Pzena Investment Management, Inc., Class A		1,238		14,175
Raymond James Financial, Inc.		6,401		828,801
S&P Global, Inc.		12,411		5,320,844
Sculptor Capital Management, Inc.		904		20,991
SEI Investments Co.		5,987		364,010
State Street Corp.		18,005		1,568,956
StepStone Group, Inc., Class A		1,925		87,607
Stifel Financial Corp.		5,168		343,879
StoneX Group, Inc.^(a)		909		58,658
T. Rowe Price Group, Inc.		11,587		2,365,602
Tradeweb Markets, Inc., Class A		5,561		482,305
Virtu Financial, Inc., Class A		4,942		127,207
Virtus Investment Partners, Inc.		369		101,892
WisdomTree Investments, Inc.		4,011		24,788

				71,277,824

Chemicals — 1.4%
AdvanSix, Inc.^(a)		1,050		35,122
Air Products & Chemicals, Inc.		11,369		3,308,720
Albemarle Corp.		6,018		1,239,949
American Vanguard Corp.		2,757		45,518
Amyris, Inc.^(a)(b)		8,372		122,064
Ashland Global Holdings, Inc.		2,804		238,536
Avient Corp.		4,809		233,333
Axalta Coating Systems Ltd.^(a)		10,563		317,946
Balchem Corp.		1,659		223,783
Cabot Corp.		3,145		173,164
Celanese Corp.		5,800		903,466
CF Industries Holdings, Inc.		11,117		525,278
Chase Corp.		398		46,379
Chemours Co.		8,427		280,198
Corteva, Inc.		38,151		1,632,100
Danimer Scientific, Inc.^(a)		3,472		57,913
Diversey Holdings Ltd.^(a)		2,196		36,629
Dow, Inc.		38,558		2,396,765
DuPont de Nemours, Inc.		27,418		2,057,721
Eastman Chemical Co.		7,033		792,760
Ecolab, Inc.		12,841		2,835,678
Ecovyst, Inc.^(a)		2,650		41,234
Element Solutions, Inc.		16,654		389,537
Ferro Corp.^(a)		4,533		94,286
FMC Corp.		6,738		720,629
FutureFuel Corp.		1,697		14,425
GCP Applied Technologies, Inc.^(a)		1,984		46,128
Hawkins, Inc.		1,121		40,704
HB Fuller Co.		2,632		170,080
Huntsman Corp.		10,477		276,698
Ingevity Corp.^(a)		1,980		168,181
Innospec, Inc.		1,590		140,635
International Flavors & Fragrances, Inc.		12,821		1,931,355
Intrepid Potash, Inc.^(a)		281		8,514
Koppers Holdings, Inc.^(a)		682		20,944
Kraton Corp.^(a)		1,476		56,368
Kronos Worldwide, Inc.		777		10,808
Livent Corp.^(a)		7,660		149,447
LyondellBasell Industries NV, Class A		13,552		1,346,120


Security	Shares		Value

Chemicals (continued)
Marrone Bio Innovations, Inc.^(a)		16,704	$	20,880
Minerals Technologies, Inc.		2,032		163,007
Mosaic Co.		18,218		568,948
NewMarket Corp.		374		118,150
Olin Corp.		7,327		344,589
Orion Engineered Carbons SA^(a)		3,373		60,984
PPG Industries, Inc.		12,175		1,990,856
PureCycle Technologies, Inc.^(a)		1,658		24,555
Quaker Chemical Corp.		723		182,008
Rayonier Advanced Materials, Inc.^(a)		1,732		12,072
RPM International, Inc.		6,562		568,204
Scotts Miracle-Gro Co.		2,086		369,139
Sensient Technologies Corp.		2,126		185,345
Sherwin-Williams Co.		12,507		3,639,912
Stepan Co.		1,165		137,412
Tredegar Corp.		681		8,901
Trinseo SA		1,858		101,001
Tronox Holdings PLC, Class A		5,236		96,499
Valvoline, Inc.		9,293		285,109
Westlake Chemical Corp.		1,634		135,491
WR Grace & Co.^(a)		2,872		199,891
Zymergen, Inc.^(a)(b)		866		30,128

				32,372,196

Commercial Services & Supplies — 0.5%
ABM Industries, Inc.		3,167		147,234
ACCO Brands Corp.		3,640		32,542
ADT, Inc.		8,277		86,826
Brady Corp., Class A		2,472		135,169
BrightView Holdings, Inc.^(a)		2,533		40,604
Brink’s Co.		2,522		194,093
Casella Waste Systems, Inc., Class A^(a)		2,439		167,754
CECO Environmental Corp.^(a)		925		6,512
Cimpress PLC^(a)		966		98,773
Cintas Corp.		4,580		1,805,344
Clean Harbors, Inc.^(a)		2,558		243,010
Copart, Inc.^(a)(b)		11,487		1,688,589
CoreCivic, Inc.^(a)		6,112		62,831
Covanta Holding Corp.		6,591		132,479
Deluxe Corp.		2,249		98,731
Driven Brands Holdings, Inc.^(a)(b)		1,930		61,413
Ennis, Inc.		1,476		29,181
Harsco Corp.^(a)		3,441		69,233
Healthcare Services Group, Inc.		3,929		102,547
Heritage-Crystal Clean, Inc.^(a)		397		11,187
Herman Miller, Inc.		3,897		168,156
HNI Corp.		2,341		87,319
IAA, Inc.^(a)		6,925		418,824
Interface, Inc.		3,303		47,629
KAR Auction Services, Inc.^(a)		7,187		118,442
Kimball International, Inc., Class B		1,050		12,999
Matthews International Corp., Class A		2,063		71,380
Montrose Environmental Group Inc.^(a)		1,392		74,736
MSA Safety, Inc.		1,891		311,032
Pitney Bowes, Inc.		5,809		46,472
Republic Services, Inc.		10,790		1,277,104
Rollins, Inc.		11,546		442,558
RR Donnelley & Sons Co.^(a)		3,532		21,616
SP Plus Corp.^(a)		1,356		44,463
Steelcase, Inc., Class A		4,806		66,083
Stericycle, Inc.^(a)		4,828		340,615
Team, Inc.^(a)		945		5,831


Security	Shares		Value

Commercial Services & Supplies (continued)
Tetra Tech, Inc.		2,778	$	370,919
UniFirst Corp.		801		174,434
US Ecology, Inc.^(a)		1,725		60,375
Viad Corp.^(a)		1,234		56,579
VSE Corp.		300		15,015
Waste Management, Inc.		22,444		3,327,547

				12,774,180

Communications Equipment — 0.8%
ADTRAN, Inc.		2,523		56,540
Arista Networks, Inc.^(a)		3,118		1,186,056
Aviat Networks, Inc.^(a)(b)		336		12,526
CalAmp Corp.^(a)		1,415		17,164
Calix, Inc.^(a)		2,812		131,545
Cambium Networks Corp.^(a)		644		28,368
Casa Systems, Inc.^(a)		501		3,763
Ciena Corp.^(a)		7,787		452,736
Cisco Systems, Inc.		219,894		12,175,531
Clearfield, Inc.^(a)		817		35,556
CommScope Holding Co., Inc.^(a)		10,120		214,139
Comtech Telecommunications Corp.		1,632		40,751
Digi International, Inc.^(a)		2,062		42,642
DZS, Inc.^(a)		990		19,552
EchoStar Corp., Class A^(a)		2,032		45,314
EMCORE Corp.^(a)		2,079		18,170
Extreme Networks, Inc.^(a)		6,268		69,011
F5 Networks, Inc.^(a)(b)		3,619		747,360
Harmonic, Inc.^(a)		3,609		31,940
Infinera Corp.^(a)		8,035		79,627
Inseego Corp.^(a)		4,327		37,602
Juniper Networks, Inc.		16,517		464,788
KVH Industries, Inc.^(a)		368		4,166
Lumentum Holdings, Inc.^(a)(b)		3,827		321,430
Motorola Solutions, Inc.		8,552		1,914,964
NETGEAR, Inc.^(a)		1,767		60,520
NetScout Systems, Inc.^(a)		3,898		112,106
Plantronics, Inc.^(a)		1,795		55,986
Ribbon Communications, Inc.^(a)(b)		4,557		31,489
Ubiquiti, Inc.		369		115,534
ViaSat, Inc.^(a)		3,260		161,826
Viavi Solutions, Inc.^(a)		11,112		185,459

				18,874,161

Construction & Engineering — 0.2%
AECOM^(a)		7,058		444,372
Ameresco, Inc., Class A^(a)		1,551		106,290
API Group Corp.^(a)(e)		9,005		206,395
Arcosa, Inc.		2,688		147,195
Argan, Inc.		963		43,287
Comfort Systems USA, Inc.		1,734		129,616
Concrete Pumping Holdings, Inc.^(a)(b)		1,884		16,391
Construction Partners, Inc., Class A^(a)(b)		1,288		43,251
Dycom Industries, Inc.^(a)		1,545		107,223
EMCOR Group, Inc.		2,859		348,255
Fluor Corp.^(a)		7,117		118,569
Granite Construction, Inc.		2,389		91,785
Great Lakes Dredge & Dock Corp.^(a)		2,420		37,268
HC2 Holdings, Inc.^(a)		6,253		23,011
IES Holdings, Inc.^(a)		192		10,447
Infrastructure and Energy Alternatives, Inc.^(a)(b)		1,850		22,330
MasTec, Inc.^(a)		2,822		285,671
Matrix Service Co.^(a)		1,242		13,550
MYR Group, Inc.^(a)		942		90,083


Security	Shares		Value

Construction & Engineering (continued)
Northwest Pipe Co.^(a)		487	$	13,836
NV5 Global, Inc.^(a)		710		67,450
Primoris Services Corp.		3,014		90,119
Quanta Services, Inc.		7,026		638,663
Sterling Construction Co., Inc.^(a)		1,738		38,166
Tutor Perini Corp.^(a)(b)		1,983		27,901
Valmont Industries, Inc.		1,061		251,404
WillScot Mobile Mini Holdings Corp.^(a)		9,189		263,816

				3,676,344

Construction Materials — 0.1%
Eagle Materials, Inc.		2,173		307,088
Forterra, Inc.^(a)		1,820		42,934
Martin Marietta Materials, Inc.		3,220		1,169,826
Summit Materials, Inc., Class A^(a)		6,040		202,944
United States Lime & Minerals, Inc.		114		15,846
US Concrete, Inc.^(a)		848		61,743
Vulcan Materials Co.		6,822		1,227,892

				3,028,273

Consumer Finance — 0.7%
Ally Financial, Inc.		18,960		973,786
American Express Co.		33,580		5,726,397
Atlanticus Holdings Corp.^(a)		526		22,870
Capital One Financial Corp.		23,129		3,739,959
Credit Acceptance Corp.^(a)(b)		482		233,659
Curo Group Holdings Corp.		1,724		27,188
Discover Financial Services		15,719		1,954,186
Encore Capital Group, Inc.^(a)		1,672		79,153
Enova International, Inc.^(a)		2,095		69,324
Ezcorp, Inc., Class A^(a)		1,575		9,009
FirstCash, Inc.		2,158		170,914
Green Dot Corp., Class A^(a)		1,798		82,834
LendingClub Corp.^(a)		5,772		140,837
LendingTree, Inc.^(a)		601		117,327
Navient Corp.		9,301		190,019
Nelnet, Inc., Class A		899		67,695
OneMain Holdings, Inc.		4,829		294,569
Oportun Financial Corp.^(a)		866		18,255
PRA Group, Inc.^(a)		2,429		94,221
PROG Holdings, Inc.^(a)		3,501		153,239
Regional Management Corp.		217		11,225
Santander Consumer USA Holdings, Inc.		3,081		126,413
SLM Corp.		16,604		312,653
Synchrony Financial		30,027		1,411,870
Upstart Holdings Inc^(a)		633		76,441
World Acceptance Corp.^(a)		213		40,378

				16,144,421

Containers & Packaging — 0.4%
Amcor PLC		78,147		903,379
AptarGroup, Inc.		3,348		431,624
Ardagh Group SA		1,250		29,188
Avery Dennison Corp.		4,768		1,004,522
Ball Corp.		16,547		1,338,321
Berry Global Group, Inc.^(a)		6,878		442,187
Crown Holdings, Inc.		6,761		674,477
Graphic Packaging Holding Co.		13,834		265,198
Greif, Inc., Class A		1,471		89,172
Greif, Inc., Class B		150		9,132
International Paper Co.		20,141		1,163,344
Myers Industries, Inc.		2,006		42,487
O-I Glass, Inc.^(a)		8,316		122,994


Security	Shares		Value

Containers & Packaging (continued)
Packaging Corp. of America		4,909	$	694,624
Pactiv Evergreen, Inc.		2,722		39,387
Ranpak Holdings Corp.^(a)		1,714		43,913
Sealed Air Corp.		7,711		437,599
Silgan Holdings, Inc.		4,362		176,748
Sonoco Products Co.		5,170		329,794
UFP Technologies, Inc.^(a)		191		11,418
Westrock Co.		13,545		666,550

				8,916,058

Distributors — 0.1%
Core-Mark Holding Co., Inc.		2,496		107,428
Funko, Inc., Class A^(a)		1,471		27,449
Genuine Parts Co.		7,395		938,573
LKQ Corp.^(a)		14,346		728,060
Pool Corp.		2,017		963,763

				2,765,273

Diversified Consumer Services — 0.2%
2U, Inc.^(a)(b)		3,716		161,274
Adtalem Global Education, Inc.^(a)		2,748		99,862
American Public Education, Inc.^(a)		1,286		38,091
Bright Horizons Family Solutions, Inc.^(a)		3,094		462,553
Carriage Services, Inc.		750		27,885
Chegg, Inc.^(a)(b)		7,087		628,121
Coursera, Inc.^(a)		626		22,279
frontdoor, Inc.^(a)		4,541		222,237
Graham Holdings Co., Class B		197		130,938
Grand Canyon Education, Inc.^(a)		2,471		228,246
H&R Block, Inc.		9,397		230,696
Houghton Mifflin Harcourt Co.^(a)		6,474		73,286
Laureate Education, Inc., Class A^(a)		4,568		67,652
OneSpaWorld Holdings Ltd.^(a)		1,738		17,171
Perdoceo Education Corp.^(a)		2,686		31,856
Regis Corp.^(a)		1,081		8,616
Service Corp. International		8,342		521,292
Strategic Education, Inc.		1,286		101,967
Stride, Inc.^(a)		2,478		75,976
Terminix Global Holdings, Inc.^(a)		6,772		355,530
Vivint Smart Home, Inc.^(a)(b)		4,939		60,602
WW International, Inc.^(a)(b)		2,679		82,352

				3,648,482

Diversified Financial Services — 1.2%
Alerus Financial Corp.		1,174		32,813
A-Mark Precious Metals, Inc.		438		22,312
Banco Latinoamericano de Comercio Exterior SA, Class E		1,539		25,363
Berkshire Hathaway, Inc., Class B^(a)		97,016		26,998,583
Cannae Holdings, Inc.^(a)		4,260		141,645
Equitable Holdings, Inc.		20,143		621,814
Marlin Business Services Corp.		1,226		27,659
Voya Financial, Inc.		6,186		398,378

				28,268,567

Diversified Telecommunication Services — 1.0%
Anterix, Inc.^(a)		518		30,210
AT&T, Inc.		372,162		10,439,144
ATN International, Inc.		370		15,929
Bandwidth, Inc., Class A^(a)		1,206		156,370
Cincinnati Bell, Inc.^(a)		1,146		17,580
Cogent Communications Holdings, Inc.		2,241		173,924
Consolidated Communications Holdings, Inc.^(a)		4,659		35,828
Globalstar, Inc.^(a)(b)		30,159		41,619


Security	Shares		Value

Diversified Telecommunication Services (continued)
IDT Corp., Class B^(a)		1,298	$	64,640
Iridium Communications, Inc.^(a)		6,146		259,546
Liberty Latin America Ltd., Class A^(a)		2,374		32,405
Liberty Latin America Ltd., Class C^(a)		7,372		101,955
Lumen Technologies, Inc.		57,556		717,723
Ooma, Inc.^(a)		719		13,337
ORBCOMM, Inc.^(a)		4,580		51,708
Radius Global Infrastructure, Inc., Class A^(a)		2,156		33,051
Verizon Communications, Inc.		215,546		12,023,156

				24,208,125

Electric Utilities — 1.4%
ALLETE, Inc.		2,690		189,161
Alliant Energy Corp.		12,994		760,539
American Electric Power Co., Inc.		25,302		2,229,612
Avangrid, Inc.		3,047		158,871
Duke Energy Corp.		40,634		4,271,040
Edison International		18,811		1,025,199
Entergy Corp.		10,380		1,068,310
Evergy, Inc.		11,695		762,748
Eversource Energy		17,688		1,525,944
Exelon Corp.		50,304		2,354,227
FirstEnergy Corp.		27,611		1,058,053
Hawaiian Electric Industries, Inc.		5,314		230,309
IDACORP, Inc.		2,671		281,657
MGE Energy, Inc.		1,782		139,210
NextEra Energy, Inc.		102,417		7,978,284
NRG Energy, Inc.		12,745		525,604
OGE Energy Corp.		10,022		338,242
Otter Tail Corp.		2,126		107,979
PG&E Corp.^(a)		78,786		692,529
Pinnacle West Capital Corp.		5,923		494,867
PNM Resources, Inc.		4,517		218,307
Portland General Electric Co.		4,493		219,708
PPL Corp.		39,474		1,119,877
Southern Co.		56,230		3,591,410
Spark Energy, Inc., Class A		516		5,743
Xcel Energy, Inc.		27,688		1,889,706

				33,237,136

Electrical Equipment — 0.7%
Acuity Brands, Inc.		2,427		425,647
Allied Motion Technologies, Inc.		267		8,787
American Superconductor Corp.^(a)		1,101		15,469
AMETEK, Inc.		11,972		1,664,707
Array Technologies, Inc.^(a)		5,898		79,859
Atkore, Inc.^(a)		2,465		185,146
AZZ, Inc.		1,415		74,981
Babcock & Wilcox Enterprises, Inc.^(a)		2,924		20,936
Beam Global^(a)		614		18,770
Bloom Energy Corp., Class A^(a)		7,012		152,862
ChargePoint Holdings, Inc.^(a)		6,310		149,232
Eaton Corp. PLC		20,448		3,231,806
Emerson Electric Co.		30,787		3,106,100
Encore Wire Corp.		957		75,058
EnerSys		2,231		220,110
Eos Energy Enterprises, Inc.^(a)(b)		1,221		18,950
FuelCell Energy, Inc.^(a)		16,793		106,300
Generac Holdings, Inc.^(a)		3,161		1,325,597
GrafTech International Ltd.		8,076		91,824
Hubbell, Inc.		2,712		543,648
nVent Electric PLC		8,381		264,923
Plug Power, Inc.^(a)		26,204		714,845


Security	Shares		Value

Electrical Equipment (continued)
Powell Industries, Inc.		401	$	11,665
Preformed Line Products Co.		83		5,687
Regal Beloit Corp.		2,040		300,349
Rockwell Automation, Inc.		6,273		1,928,446
Romeo Power, Inc.^(a)(b)		2,599		18,323
Sensata Technologies Holding PLC^(a)		8,318		487,601
Shoals Technologies Group, Inc., Class A^(a)		3,915		113,887
Stem, Inc.^(a)(b)		3,143		85,207
Sunrun, Inc.^(a)(b)		10,585		560,687
Thermon Group Holdings, Inc.^(a)		2,167		36,102
TPI Composites, Inc.^(a)		1,837		71,900
Vertiv Holdings Co.		14,120		395,925
Vicor Corp.^(a)		1,044		120,697

				16,632,033

Electronic Equipment, Instruments & Components — 0.7%
908 Devices, Inc.^(a)(b)		557		17,406
Advanced Energy Industries, Inc.		2,012		208,745
Aeva Technologies, Inc.^(a)		2,101		18,405
Akoustis Technologies, Inc.^(a)		1,380		13,358
Amphenol Corp., Class A		30,004		2,174,990
Arlo Technologies, Inc.^(a)		4,365		26,670
Arrow Electronics, Inc.^(a)		3,902		462,660
Avnet, Inc.		5,021		207,468
Badger Meter, Inc.		1,495		151,040
Belden, Inc.		2,368		116,032
Benchmark Electronics, Inc.		1,484		39,178
CDW Corp.		7,230		1,325,621
Cognex Corp.		8,916		806,096
Coherent, Inc.^(a)		1,242		305,457
Corning, Inc.		39,202		1,640,996
CTS Corp.		1,973		69,035
Daktronics, Inc.^(a)		624		3,813
ePlus, Inc.^(a)		676		62,503
Fabrinet^(a)		1,955		184,787
FARO Technologies, Inc.^(a)		883		64,362
Identiv, Inc.^(a)		1,391		22,645
II-VI, Inc.^(a)(b)		5,327		371,878
Insight Enterprises, Inc.^(a)		1,903		191,023
IPG Photonics Corp.^(a)		1,853		404,250
Iteris, Inc.^(a)		3,274		20,397
Itron, Inc.^(a)		2,263		223,177
Jabil, Inc.		7,425		442,085
Keysight Technologies, Inc.^(a)		9,513		1,565,364
Kimball Electronics, Inc.^(a)		871		17,760
Knowles Corp.^(a)(b)		5,726		114,749
Littelfuse, Inc.		1,183		314,666
Luna Innovations, Inc.^(a)		2,071		25,535
Methode Electronics, Inc.		1,799		86,046
MicroVision, Inc.^(a)(b)		7,938		109,306
Napco Security Technologies, Inc.^(a)(b)		1,131		39,981
National Instruments Corp.		6,604		291,302
nLight, Inc.^(a)		1,784		61,887
Novanta, Inc.^(a)		1,842		258,635
OSI Systems, Inc.^(a)(b)		853		85,343
Ouster, Inc.^(a)(b)		1,664		15,292
PAR Technology Corp.^(a)		1,206		73,626
PC Connection, Inc.		479		22,781
Plexus Corp.^(a)		1,378		124,461
Rogers Corp.^(a)		963		183,548
Sanmina Corp.^(a)		3,539		135,968
ScanSource, Inc.^(a)		5,305		146,365
SYNNEX Corp.		2,124		253,903


Security	Shares		Value

Electronic Equipment, Instruments & Components (continued)
Trimble, Inc.^(a)		12,953	$	1,107,482
TTM Technologies, Inc.^(a)		5,780		80,862
Velodyne Lidar, Inc.^(a)(b)		3,591		28,764
Vishay Intertechnology, Inc.		7,564		167,391
Vishay Precision Group, Inc.^(a)		235		8,538
Vontier Corp.		8,523		275,719
Zebra Technologies Corp., Class A^(a)		2,737		1,512,138

				16,681,489

Energy Equipment & Services — 0.2%
Archrock, Inc.		8,196		70,568
Aspen Aerogels, Inc.^(a)		1,334		50,225
Baker Hughes Co.		43,169		916,909
Bristow Group, Inc.^(a)		204		5,300
Cactus, Inc., Class A		2,808		101,200
ChampionX Corp.^(a)		10,619		246,785
DMC Global, Inc.^(a)		948		41,494
Dril-Quip, Inc.^(a)		2,080		59,446
Frank’s International NV^(a)		4,988		13,717
Halliburton Co.		46,077		952,872
Helix Energy Solutions Group, Inc.^(a)		9,071		37,645
Helmerich & Payne, Inc.		5,766		165,311
Liberty Oilfield Services, Inc., Class A^(a)		5,009		51,042
Nabors Industries Ltd.^(a)		460		40,255
National Energy Services Reunited Corp.^(a)(b)		1,333		17,196
Newpark Resources, Inc.^(a)		2,639		8,524
NexTier Oilfield Solutions, Inc.^(a)		9,126		34,861
NOV, Inc.^(a)		19,742		272,637
Oceaneering International, Inc.^(a)		5,475		72,598
Oil States International, Inc.^(a)		1,913		10,828
Patterson-UTI Energy, Inc.		9,536		76,479
ProPetro Holding Corp.^(a)		4,714		35,591
RPC, Inc.^(a)		2,009		8,438
Schlumberger NV		72,395		2,087,148
Select Energy Services, Inc., Class A^(a)		1,380		8,211
Solaris Oilfield Infrastructure, Inc., Class A		756		6,577
TETRA Technologies, Inc.^(a)		6,116		18,898
Tidewater, Inc.^(a)		1,293		14,637
U.S. Silica Holdings, Inc.^(a)		4,387		44,309

				5,469,701

Entertainment — 1.8%
Activision Blizzard, Inc.		39,863		3,333,344
AMC Entertainment Holdings, Inc., Class A^(a)		20,519		759,613
Chicken Soup For The Soul Entertainment, Inc.^(a)(b)		554		19,878
Cinemark Holdings, Inc.^(a)		5,597		86,921
CuriosityStream, Inc.^(a)(b)		1,616		17,760
Electronic Arts, Inc.		14,814		2,132,623
Eros STX Global Corp.^(a)		21,112		23,012
IMAX Corp.^(a)		2,341		37,784
Liberty Media Corp.-Liberty Braves, Class A^(a)		602		15,977
Liberty Media Corp.-Liberty Braves, Class C^(a)		1,290		34,121
Liberty Media Corp.-Liberty Formula One, Class A^(a)(b)		2,935		121,685
Liberty Media Corp.-Liberty Formula One, Class C^(a)		8,329		390,880
Lions Gate Entertainment Corp., Class A^(a)(b)		4,773		71,738
Lions Gate Entertainment Corp., Class B^(a)		3,890		51,970
Live Nation Entertainment, Inc.^(a)		6,822		538,188
LiveXLive Media, Inc.^(a)		943		3,338
Madison Square Garden Entertainment Corp.^(a)		1,317		92,137
Madison Square Garden Sports Corp.^(a)		954		155,254
Marcus Corp.^(a)		914		14,688
Netflix, Inc.^(a)		22,498		11,644,290


Security	Shares		Value

Entertainment (continued)
Playtika Holding Corp.^(a)(b)		4,199	$	93,344
Roku, Inc.^(a)		6,181		2,647,384
Skillz, Inc.^(a)(b)		14,877		209,468
Spotify Technology SA^(a)		7,034		1,608,465
Take-Two Interactive Software, Inc.^(a)		5,964		1,034,277
Walt Disney Co.^(a)		94,341		16,605,903
World Wrestling Entertainment, Inc., Class A		2,299		113,525
Zynga, Inc., Class A^(a)		52,435		529,593

				42,387,160

Equity Real Estate Investment Trusts (REITs) — 3.2%
Acadia Realty Trust		4,332		92,705
Agree Realty Corp.		3,362		252,654
Alexander & Baldwin, Inc.		4,091		81,902
Alexander’s, Inc.		94		26,211
Alexandria Real Estate Equities, Inc.		7,548		1,519,714
American Assets Trust, Inc.		2,957		109,202
American Campus Communities, Inc.		6,936		348,950
American Finance Trust, Inc.		4,079		34,549
American Homes 4 Rent, Class A		14,287		600,054
American Tower Corp.		23,636		6,684,261
Americold Realty Trust		13,311		517,132
Apartment Income REIT Corp.		7,847		413,066
Apartment Investment and Management Co., Class A^(a)		8,722		60,705
Apple Hospitality REIT, Inc.		10,716		160,204
Armada Hoffler Properties, Inc.		1,444		18,772
Ashford Hospitality Trust, Inc.^(a)		572		9,266
AvalonBay Communities, Inc.		7,175		1,634,680
Boston Properties, Inc.		7,917		929,297
Braemar Hotels & Resorts, Inc.^(a)		3,646		18,595
Brandywine Realty Trust		10,235		142,881
Brixmor Property Group, Inc.		14,992		345,116
Broadstone Net Lease, Inc.		7,141		185,809
Camden Property Trust		4,747		709,154
CareTrust REIT, Inc.		3,409		82,225
Catchmark Timber Trust, Inc., Class A		1,412		16,506
Centerspace		578		52,020
Chatham Lodging Trust^(a)		2,016		24,756
City Office REIT, Inc.		1,953		25,135
Clipper Realty, Inc.		393		3,270
Columbia Property Trust, Inc.		6,039		100,670
Community Healthcare Trust, Inc.		1,398		69,662
CorePoint Lodging, Inc.^(a)		1,425		19,152
CoreSite Realty Corp.		2,136		295,217
Corporate Office Properties Trust		5,587		164,481
Cousins Properties, Inc.		7,533		299,211
Crown Castle International Corp.		22,161		4,279,067
CTO Realty Growth, Inc.		108		6,069
CubeSmart		10,153		504,198
CyrusOne, Inc.		6,486		462,257
DiamondRock Hospitality Co.^(a)		8,612		74,149
Digital Realty Trust, Inc.		15,207		2,344,311
DigitalBridge Group, Inc.^(a)		24,985		173,896
Diversified Healthcare Trust		14,315		55,829
Douglas Emmett, Inc.		8,578		286,505
Duke Realty Corp.		19,286		981,272
Easterly Government Properties, Inc.		4,896		111,139
EastGroup Properties, Inc.		1,953		344,158
Empire State Realty Trust, Inc., Class A		7,712		88,148
EPR Properties		3,839		193,102
Equinix, Inc.		4,600		3,773,886
Equity Commonwealth		6,167		162,130


Security	Shares		Value

Equity Real Estate Investment Trusts (REITs) (continued)
Equity LifeStyle Properties, Inc.		8,808	$	738,110
Equity Residential		18,950		1,594,264
Essential Properties Realty Trust, Inc.		6,004		178,919
Essex Property Trust, Inc.		3,338		1,095,198
Extra Space Storage, Inc.		6,721		1,170,395
Farmland Partners, Inc.		2,041		25,717
Federal Realty Investment Trust		3,899		458,249
First Industrial Realty Trust, Inc.		6,646		364,068
Four Corners Property Trust, Inc.		3,889		111,653
Franklin Street Properties Corp.		7,341		38,320
Gaming and Leisure Properties, Inc.		11,268		533,427
Geo Group, Inc.^(a)		4,668		32,303
Getty Realty Corp.		1,530		48,333
Gladstone Commercial Corp.		2,038		47,241
Gladstone Land Corp.		1,361		31,739
Global Medical REIT, Inc.		3,155		49,092
Global Net Lease, Inc.		5,657		104,485
Healthcare Realty Trust, Inc.		7,039		224,403
Healthcare Trust of America, Inc., Class A		10,928		312,432
Healthpeak Properties, Inc.		28,018		1,035,825
Hersha Hospitality Trust^(a)		1,059		9,965
Highwoods Properties, Inc.		5,431		259,004
Host Hotels & Resorts, Inc.^(a)		36,533		581,971
Hudson Pacific Properties, Inc.		7,629		207,967
Independence Realty Trust, Inc.		6,609		127,422
Indus Realty Trust, Inc.		343		23,170
Industrial Logistics Properties Trust		2,854		77,343
Innovative Industrial Properties, Inc.		1,192		256,268
Invitation Homes, Inc.		29,134		1,185,171
Iron Mountain, Inc.		14,533		635,964
iStar, Inc.		3,168		76,761
JBG SMITH Properties		6,550		213,727
Kilroy Realty Corp.		5,916		409,801
Kimco Realty Corp.		20,906		445,925
Kite Realty Group Trust		4,402		88,744
Lamar Advertising Co., Class A		4,344		463,070
Lexington Realty Trust		13,535		177,985
Life Storage, Inc.		4,803		563,680
LTC Properties, Inc.		2,807		106,245
Macerich Co.		9,990		162,837
Mack-Cali Realty Corp.^(a)		4,655		83,790
Medical Properties Trust, Inc.		30,434		640,027
Mid-America Apartment Communities, Inc.		5,832		1,126,159
Monmouth Real Estate Investment Corp.		5,007		95,333
National Health Investors, Inc.		2,414		164,707
National Retail Properties, Inc.		8,879		433,917
National Storage Affiliates Trust		3,732		202,162
NETSTREIT Corp.		2,146		55,689
New Senior Investment Group, Inc.		3,694		34,059
NexPoint Residential Trust, Inc.		1,405		82,825
Office Properties Income Trust		3,092		89,606
Omega Healthcare Investors, Inc.		11,999		435,324
One Liberty Properties, Inc.		651		19,914
Outfront Media, Inc.^(a)		7,441		177,765
Paramount Group, Inc.		10,176		99,318
Park Hotels & Resorts, Inc.^(a)		12,212		225,922
Pebblebrook Hotel Trust		6,691		150,481
Physicians Realty Trust		11,695		221,620
Piedmont Office Realty Trust, Inc., Class A		6,483		123,307
Plymouth Industrial REIT, Inc.		2,004		46,252
Postal Realty Trust, Inc., Class A		1,151		22,122
PotlatchDeltic Corp.		3,461		179,764


Security	Shares		Value

Equity Real Estate Investment Trusts (REITs) (continued)
Preferred Apartment Communities, Inc., Class A		2,312	$	24,368
Prologis, Inc.		37,965		4,861,039
PS Business Parks, Inc.		1,128		173,340
Public Storage		7,723		2,413,283
QTS Realty Trust, Inc., Class A		3,442		267,478
Rayonier, Inc.		7,133		268,985
Realty Income Corp.		19,417		1,364,821
Regency Centers Corp.		8,578		561,087
Retail Opportunity Investments Corp.		7,052		124,609
Retail Properties of America, Inc., Class A		10,116		127,563
Retail Value, Inc.		555		13,564
Rexford Industrial Realty, Inc.		8,538		525,258
RLJ Lodging Trust		8,528		122,377
RPT Realty		4,311		54,922
Ryman Hospitality Properties, Inc.^(a)		2,720		208,624
Sabra Health Care REIT, Inc.		11,607		215,774
Safehold, Inc.		923		83,365
Saul Centers, Inc.		796		36,298
SBA Communications Corp.		5,915		2,016,956
Seritage Growth Properties, Class A^(a)		2,263		35,914
Service Properties Trust		8,692		96,742
Simon Property Group, Inc.		16,828		2,129,079
SITE Centers Corp.		8,961		142,121
SL Green Realty Corp.		3,600		268,056
Spirit Realty Capital, Inc.		6,142		308,451
STAG Industrial, Inc.		8,313		343,493
STORE Capital Corp.		12,389		448,358
Summit Hotel Properties, Inc.^(a)		5,580		50,276
Sun Communities, Inc.		5,696		1,117,043
Sunstone Hotel Investors, Inc.^(a)		11,930		137,672
Tanger Factory Outlet Centers, Inc.		5,117		87,859
Terreno Realty Corp.		3,615		247,121
UDR, Inc.		16,946		931,861
UMH Properties, Inc.		2,451		57,059
Uniti Group, Inc.		10,480		122,721
Universal Health Realty Income Trust		517		30,891
Urban Edge Properties		6,477		123,063
Urstadt Biddle Properties, Inc., Class A		1,775		33,849
Ventas, Inc.		19,442		1,162,243
VEREIT, Inc.		12,077		591,411
VICI Properties, Inc.		27,898		870,139
Vornado Realty Trust		8,984		390,804
Washington Real Estate Investment Trust		4,505		109,426
Weingarten Realty Investors		6,318		203,376
Welltower, Inc.		21,499		1,867,403
Weyerhaeuser Co.		38,696		1,305,216
Whitestone REIT		1,160		10,266
WP Carey, Inc.		9,153		738,556
Xenia Hotels & Resorts, Inc.^(a)		5,735		101,395

				76,390,131

Food & Staples Retailing — 1.2%
Albertsons Cos., Inc., Class A^(b)		8,418		181,829
Andersons, Inc.		1,554		41,492
BJ’s Wholesale Club Holdings, Inc.^(a)		7,072		358,126
Casey’s General Stores, Inc.		1,860		367,741
Chefs’ Warehouse, Inc.^(a)		1,845		53,357
Costco Wholesale Corp.		23,036		9,899,030
Grocery Outlet Holding Corp.^(a)(b)		4,458		147,649
HF Foods Group, Inc.^(a)		1,854		9,585
Ingles Markets, Inc., Class A		575		34,362
Kroger Co.		38,526		1,568,008
Natural Grocers by Vitamin Cottage, Inc.		357		3,991


Security	Shares		Value

Food & Staples Retailing (continued)
Performance Food Group Co.^(a)(b)		6,853	$	314,004
PriceSmart, Inc.		1,312		117,739
Rite Aid Corp.^(a)(b)		3,304		50,221
SpartanNash Co.		1,724		33,532
Sprouts Farmers Market, Inc.^(a)		6,156		151,315
Sysco Corp.		25,238		1,872,660
United Natural Foods, Inc.^(a)		2,825		93,564
US Foods Holding Corp.^(a)		11,309		388,351
Village Super Market, Inc., Class A		168		3,788
Walgreens Boots Alliance, Inc.		37,177		1,752,896
Walmart, Inc.		73,897		10,534,017
Weis Markets, Inc.		882		46,437

				28,023,694

Food Products — 0.9%
AppHarvest, Inc.^(a)(b)		2,442		29,109
Archer-Daniels-Midland Co.		28,869		1,724,057
B&G Foods, Inc.		3,214		92,306
Beyond Meat, Inc.^(a)		2,983		366,014
Bunge Ltd.		7,250		562,818
Calavo Growers, Inc.		718		40,452
Cal-Maine Foods, Inc.^(b)		1,578		55,056
Campbell Soup Co.		10,285		449,660
Conagra Brands, Inc.		24,055		805,602
Darling Ingredients, Inc.^(a)		8,513		587,993
Flowers Foods, Inc.		9,948		234,375
Fresh Del Monte Produce, Inc.		1,399		43,173
Freshpet, Inc.^(a)		2,061		301,833
General Mills, Inc.		31,609		1,860,506
Hain Celestial Group, Inc.^(a)		4,276		170,655
Hershey Co.		7,557		1,351,796
Hormel Foods Corp.		14,438		669,634
Hostess Brands, Inc.^(a)(b)		6,896		110,957
Ingredion, Inc.		3,386		297,325
J&J Snack Foods Corp.		731		120,162
J.M. Smucker Co.		5,540		726,349
John B Sanfilippo & Son, Inc.		296		27,339
Kellogg Co.		13,120		831,283
Kraft Heinz Co.		34,365		1,322,022
Lamb Weston Holdings, Inc.		7,420		495,433
Lancaster Colony Corp.		1,028		203,410
Landec Corp.^(a)		899		9,835
Limoneira Co.		296		5,301
McCormick & Co., Inc.		13,054		1,098,755
Mission Produce, Inc.^(a)		1,882		36,454
Mondelez International, Inc., Class A		71,856		4,545,611
Pilgrim’s Pride Corp.^(a)		2,023		44,809
Post Holdings, Inc.^(a)		3,055		312,649
Sanderson Farms, Inc.		1,016		189,829
Seaboard Corp.		12		49,320
Seneca Foods Corp., Class A^(a)		168		9,196
Simply Good Foods Co.^(a)		4,500		168,660
Tattooed Chef, Inc.^(a)(b)		2,366		46,658
Tootsie Roll Industries, Inc.		912		31,364
TreeHouse Foods, Inc.^(a)(b)		2,747		121,967
Tyson Foods, Inc., Class A		15,015		1,072,972
Utz Brands, Inc.		2,967		67,173
Vital Farms, Inc.^(a)(b)		1,197		20,840
Whole Earth Brands, Inc.^(a)(b)		1,975		25,399

				21,336,111

Gas Utilities — 0.1%
Atmos Energy Corp.		6,768		667,257


Security	Shares		Value

Gas Utilities (continued)
Brookfield Infrastructure Corp., Class A		1,856	$	120,195
Chesapeake Utilities Corp.		1,026		127,829
National Fuel Gas Co.		4,428		227,732
New Jersey Resources Corp.		5,074		195,450
Northwest Natural Holding Co.		1,623		84,867
ONE Gas, Inc.		2,723		200,903
South Jersey Industries, Inc.		4,823		121,395
Southwest Gas Holdings, Inc.		2,953		206,503
Spire, Inc.		2,547		180,710
UGI Corp.		10,947		503,453

				2,636,294

Health Care Equipment & Supplies — 3.5%
Abbott Laboratories		90,390		10,935,382
ABIOMED, Inc.^(a)		2,595		848,928
Accelerate Diagnostics, Inc.^(a)(b)		1,051		7,840
Accuray, Inc.^(a)		2,245		9,204
Acutus Medical, Inc.^(a)		1,352		20,821
Align Technology, Inc.^(a)		4,055		2,821,469
Alphatec Holdings, Inc.^(a)		3,545		52,253
AngioDynamics, Inc.^(a)		2,055		54,725
Apyx Medical Corp.^(a)		1,544		13,896
Asensus Surgical, Inc.^(a)		11,764		27,528
Aspira Women’s Health, Inc.^(a)(b)		2,554		11,442
AtriCure, Inc.^(a)		2,318		195,778
Atrion Corp.		52		32,705
Avanos Medical, Inc.^(a)		2,746		104,183
Axogen, Inc.^(a)		1,488		30,311
Axonics, Inc.^(a)		2,103		142,899
Baxter International, Inc.		26,020		2,012,647
Becton Dickinson and Co.		14,892		3,808,629
BioLife Solutions, Inc.^(a)		1,232		57,781
Boston Scientific Corp.^(a)		73,218		3,338,741
Butterfly Network, Inc.^(a)(b)		1,681		18,054
Cardiovascular Systems, Inc.^(a)		1,719		69,258
Cerus Corp.^(a)(b)		6,213		31,314
ClearPoint Neuro, Inc.^(a)		1,187		26,387
CONMED Corp.		1,463		201,806
Cooper Cos., Inc.		2,499		1,054,003
CryoLife, Inc.^(a)		2,287		61,749
CryoPort, Inc.^(a)		1,976		121,959
Cutera, Inc.^(a)		1,121		58,236
CytoSorbents Corp.^(a)		2,460		18,721
Danaher Corp.		32,612		9,701,744
DarioHealth Corp.^(a)		1,102		16,354
DENTSPLY SIRONA, Inc.		11,058		730,270
DexCom, Inc.^(a)		4,966		2,560,023
Eargo, Inc.^(a)		928		33,408
Edwards Lifesciences Corp.^(a)		32,917		3,695,592
Envista Holdings Corp.^(a)		8,151		351,145
Glaukos Corp.^(a)(b)		2,324		118,524
Globus Medical, Inc., Class A^(a)		3,954		328,854
Haemonetics Corp.^(a)		2,499		151,914
Heska Corp.^(a)		478		115,055
Hill-Rom Holdings, Inc.		3,461		479,210
Hologic, Inc.^(a)		13,255		994,655
ICU Medical, Inc.^(a)		1,072		217,927
IDEXX Laboratories, Inc.^(a)		4,347		2,949,570
Inari Medical, Inc.^(a)		1,709		153,451
Inogen, Inc.^(a)		1,013		80,807
Insulet Corp.^(a)		3,449		964,651
Integer Holdings Corp.^(a)		1,733		169,643
Integra LifeSciences Holdings Corp.^(a)		3,786		274,069


Security	Shares		Value

Health Care Equipment & Supplies (continued)
Intersect ENT, Inc.^(a)		1,517	$	35,422
Intuitive Surgical, Inc.^(a)		6,082		6,030,060
Invacare Corp.^(a)		2,642		19,102
iRhythm Technologies, Inc.^(a)		1,636		83,632
Lantheus Holdings, Inc.^(a)		3,051		79,845
LeMaitre Vascular, Inc.		829		45,147
LivaNova PLC^(a)		2,518		217,303
Masimo Corp.^(a)		2,583		703,583
Medtronic PLC		70,294		9,230,305
Meridian Bioscience, Inc.^(a)		2,171		44,505
Merit Medical Systems, Inc.^(a)		2,616		183,355
Mesa Laboratories, Inc.		221		65,087
Misonix, Inc.^(a)		961		25,505
Natus Medical, Inc.^(a)		1,964		52,439
Neogen Corp.^(a)		5,314		231,478
Neuronetics, Inc.^(a)		1,285		17,039
Nevro Corp.^(a)(b)		1,734		268,770
Novocure Ltd.^(a)		5,314		818,409
NuVasive, Inc.^(a)		2,730		174,583
OraSure Technologies, Inc.^(a)		2,564		30,230
Ortho Clinical Diagnostics Holdings PLC^(a)		4,601		103,384
Orthofix Medical, Inc.^(a)		1,089		43,277
OrthoPediatrics Corp.^(a)		618		38,835
Outset Medical, Inc.^(a)		2,310		94,618
PAVmed, Inc.^(a)		3,568		24,512
Penumbra, Inc.^(a)		1,730		460,578
Pulmonx Corp.^(a)		1,314		52,113
Pulse Biosciences, Inc.^(a)		649		13,304
Quidel Corp.^(a)		1,910		270,208
Quotient Ltd.^(a)		2,710		9,241
ResMed, Inc.		7,403		2,012,135
SeaSpine Holdings Corp.^(a)		1,292		25,310
Senseonics Holdings, Inc.^(a)(b)		20,903		64,172
Shockwave Medical, Inc.^(a)		1,713		311,766
SI-BONE, Inc.^(a)		1,664		50,486
Sientra, Inc.^(a)		3,843		31,705
Silk Road Medical, Inc.^(a)		1,727		86,661
Soliton, Inc.^(a)		986		21,623
STAAR Surgical Co.^(a)		2,361		302,019
Stereotaxis, Inc.^(a)		2,252		20,516
STERIS PLC		5,148		1,122,007
Stryker Corp.		18,487		5,008,868
Surmodics, Inc.^(a)		823		45,356
Tactile Systems Technology, Inc.^(a)		1,111		54,417
Talis Biomedical Corp.^(a)(b)		2,293		23,618
Tandem Diabetes Care, Inc.^(a)		3,150		342,310
Teleflex, Inc.		2,420		961,781
TransMedics Group, Inc.^(a)		1,422		40,555
Treace Medical Concepts, Inc.^(a)(b)		656		19,851
Utah Medical Products, Inc.		90		8,046
Vapotherm, Inc.^(a)		796		20,585
Varex Imaging Corp.^(a)		2,011		54,900
ViewRay, Inc.^(a)		5,896		39,149
West Pharmaceutical Services, Inc.		3,777		1,555,104
Zimmer Biomet Holdings, Inc.		10,831		1,770,002
Zynex, Inc.^(a)(b)		746		10,362

				83,744,688

Health Care Providers & Services — 2.5%
1Life Healthcare, Inc.^(a)		5,871		158,752
Acadia Healthcare Co., Inc.^(a)		4,567		281,875
Accolade, Inc.^(a)		2,548		119,272


Security	Shares		Value

Health Care Providers & Services (continued)
AdaptHealth Corp.^(a)		4,231	$	94,732
Addus HomeCare Corp.^(a)		862		74,813
Agiliti, Inc.^(a)		1,083		21,216
Agilon Health, Inc.^(a)(b)		6,006		220,961
Alignment Healthcare, Inc.^(a)		1,178		24,538
Amedisys, Inc.^(a)		1,623		422,986
AmerisourceBergen Corp.		7,647		934,234
AMN Healthcare Services, Inc.^(a)		2,410		242,350
Anthem, Inc.		12,957		4,975,618
Apollo Medical Holdings, Inc.^(a)		1,826		161,364
Aveanna Healthcare Holdings, Inc.^(a)		1,972		20,390
Brookdale Senior Living, Inc.^(a)		9,444		71,019
Cardinal Health, Inc.		14,819		879,952
Castle Biosciences, Inc.^(a)		1,068		74,600
Centene Corp.^(a)		29,822		2,046,087
Chemed Corp.		807		384,148
Cigna Corp.		17,643		4,048,892
Community Health Systems, Inc.^(a)		6,300		83,916
CorVel Corp.^(a)		425		59,849
Covetrus, Inc.^(a)		4,928		125,467
Cross Country Healthcare, Inc.^(a)		1,938		31,822
CVS Health Corp.		69,250		5,703,430
DaVita, Inc.^(a)		3,749		450,817
Encompass Health Corp.		4,980		414,585
Ensign Group, Inc.		2,653		225,691
Fulgent Genetics, Inc.^(a)(b)		1,025		94,556
Guardant Health, Inc.^(a)		4,560		500,688
Hanger, Inc.^(a)		1,491		36,589
HCA Healthcare, Inc.		13,419		3,330,596
HealthEquity, Inc.^(a)		4,113		304,280
Henry Schein, Inc.^(a)		7,330		587,500
Humana, Inc.		6,643		2,828,988
InfuSystem Holdings, Inc.^(a)		955		17,429
Innovage Holding Corp.^(a)		978		16,489
Joint Corp.^(a)		581		45,893
Laboratory Corp. of America Holdings^(a)		5,042		1,493,188
LHC Group, Inc.^(a)		1,536		330,517
Magellan Health, Inc.^(a)		1,029		97,055
McKesson Corp.		8,276		1,686,897
MEDNAX, Inc.^(a)		4,054		118,053
ModivCare, Inc.^(a)		665		113,050
Molina Healthcare, Inc.^(a)		2,916		796,097
National HealthCare Corp.		696		54,044
National Research Corp.		477		25,176
Oak Street Health, Inc.^(a)(b)		5,534		348,863
Ontrak, Inc.^(a)		306		8,265
Option Care Health, Inc.^(a)		5,628		116,612
Owens & Minor, Inc.		3,684		170,385
Patterson Cos., Inc.		4,487		139,680
Pennant Group, Inc.^(a)		1,158		39,627
PetIQ, Inc.^(a)		1,413		49,964
Premier, Inc., Class A		6,585		234,689
Privia Health Group, Inc.^(a)		942		39,093
Progyny, Inc.^(a)		3,155		175,702
Quest Diagnostics, Inc.		6,800		964,240
R1 RCM, Inc.^(a)		6,591		141,113
RadNet, Inc.^(a)		2,261		83,069
Select Medical Holdings Corp.		5,669		223,642
Sharps Compliance Corp.^(a)		2,450		24,451
Signify Health, Inc., Class A^(a)		1,128		29,689
SOC Telemed, Inc.^(a)		3,552		16,304
Surgery Partners, Inc.^(a)		1,668		91,006


Security	Shares		Value

Health Care Providers & Services (continued)
Tenet Healthcare Corp.^(a)		5,352	$	384,488
Tivity Health, Inc.^(a)		1,912		47,953
Triple-S Management Corp., Class B^(a)		753		18,321
U.S. Physical Therapy, Inc.		546		64,515
UnitedHealth Group, Inc.		48,759		20,099,435
Universal Health Services, Inc., Class B		3,991		640,196
Viemed Healthcare, Inc.^(a)		1,492		10,384

				58,992,147

Health Care Technology — 0.3%
Allscripts Healthcare Solutions, Inc.^(a)		7,404		126,460
American Well Corp., Class A^(a)		9,807		114,252
Castlight Health, Inc., Class B^(a)		10,168		23,691
Cerner Corp.		15,623		1,255,933
Certara, Inc.^(a)		1,743		47,427
Change Healthcare, Inc.^(a)		12,501		271,397
Computer Programs & Systems, Inc.^(a)		440		13,891
Evolent Health, Inc., Class A^(a)(b)		4,186		96,027
Forian, Inc.^(a)(b)		1,904		20,335
Health Catalyst, Inc.^(a)		2,271		131,854
HealthStream, Inc.^(a)		1,619		47,291
Icad, Inc.^(a)		1,095		16,053
Inovalon Holdings, Inc., Class A^(a)		3,909		148,073
Inspire Medical Systems, Inc.^(a)		1,357		248,548
Multiplan Corp.^(a)(b)		19,836		159,680
NextGen Healthcare, Inc.^(a)		3,477		56,397
Omnicell, Inc.^(a)(b)		2,189		320,688
OptimizeRx Corp.^(a)		814		44,990
Phreesia, Inc.^(a)(b)		1,953		133,487
Schrodinger, Inc./United States^(a)		2,381		161,122
Simulations Plus, Inc.		603		28,456
Tabula Rasa HealthCare, Inc.^(a)(b)		1,212		52,067
Teladoc Health, Inc.^(a)		7,575		1,124,509
Veeva Systems, Inc., Class A^(a)		7,062		2,349,598
Vocera Communications, Inc.^(a)		1,794		75,276

				7,067,502

Hotels, Restaurants & Leisure — 2.0%
Accel Entertainment, Inc.^(a)		2,234		24,708
Aramark		11,861		416,677
Bally’s Corp.^(a)		1,697		83,577
Biglari Holdings, Inc., Class B^(a)		32		5,262
BJ’s Restaurants, Inc.^(a)(b)		1,084		43,989
Bloomin’ Brands, Inc.^(a)		4,692		117,910
Bluegreen Vacations Holding Corp.^(a)		372		6,439
Booking Holdings, Inc.^(a)		2,115		4,607,020
Boyd Gaming Corp.^(a)		4,518		257,526
Brinker International, Inc.^(a)		2,237		121,559
Caesars Entertainment, Inc.^(a)		10,330		902,429
Carnival Corp.^(a)		49,166		1,064,444
Carrols Restaurant Group, Inc.^(a)		896		4,399
Century Casinos, Inc.^(a)		1,395		15,638
Cheesecake Factory, Inc.^(a)		2,240		101,382
Chipotle Mexican Grill, Inc.^(a)		1,449		2,700,125
Choice Hotels International, Inc.		1,851		221,935
Churchill Downs, Inc.		1,922		357,108
Chuy’s Holdings, Inc.^(a)		1,136		37,488
Cracker Barrel Old Country Store, Inc.		1,256		171,042
Darden Restaurants, Inc.		7,413		1,081,408
Dave & Buster’s Entertainment, Inc.^(a)		2,569		85,496
Del Taco Restaurants, Inc.		678		5,770
Denny’s Corp.^(a)		3,384		47,613
Dine Brands Global, Inc.^(a)		887		68,716


Security	Shares		Value

Hotels, Restaurants & Leisure (continued)
Domino’s Pizza, Inc.		2,006	$	1,054,133
DraftKings, Inc., Class A^(a)		15,850		768,725
Drive Shack, Inc.^(a)		6,737		16,977
El Pollo Loco Holdings, Inc.^(a)		399		7,425
Everi Holdings, Inc.^(a)		3,894		88,355
Expedia Group, Inc.^(a)		7,312		1,176,281
Fiesta Restaurant Group, Inc.^(a)		813		10,886
Full House Resorts, Inc.^(a)		2,239		18,517
GAN Ltd.^(a)(b)		2,249		34,410
Golden Entertainment, Inc.^(a)		1,082		49,242
Golden Nugget Online Gaming, Inc.^(a)(b)		1,705		19,539
Hall of Fame Resort & Entertainment Co.^(a)(b)		5,096		15,084
Hilton Grand Vacations, Inc.^(a)		4,375		177,931
Hilton Worldwide Holdings, Inc.^(a)		14,132		1,857,651
Hyatt Hotels Corp., Class A^(a)		1,944		155,267
International Game Technology PLC^(a)		5,138		96,338
Jack in the Box, Inc.		1,145		124,645
Las Vegas Sands Corp.^(a)		16,815		712,115
Lindblad Expeditions Holdings, Inc.^(a)		2,077		28,434
Marriott International, Inc., Class A^(a)		14,038		2,049,267
Marriott Vacations Worldwide Corp.^(a)		2,091		308,151
McDonald’s Corp.		38,477		9,338,753
MGM Resorts International		20,703		776,984
Monarch Casino & Resort, Inc.^(a)		605		38,629
Nathan’s Famous, Inc.		339		21,781
NEOGAMES SA^(a)		318		15,344
Noodles & Co.^(a)		1,836		21,922
Norwegian Cruise Line Holdings Ltd.^(a)(b)		19,683		472,983
Papa John’s International, Inc.		1,730		197,428
Penn National Gaming, Inc.^(a)		7,915		541,228
Planet Fitness, Inc., Class A^(a)		4,244		319,276
PlayAGS, Inc.^(a)		1,281		9,941
RCI Hospitality Holdings, Inc.		294		18,451
Red Robin Gourmet Burgers, Inc.^(a)		441		11,567
Red Rock Resorts, Inc., Class A^(a)		3,336		131,438
Royal Caribbean Cruises Ltd.^(a)		11,092		852,642
Rush Street Interactive, Inc.^(a)(b)		2,591		25,521
Ruth’s Hospitality Group, Inc.^(a)		1,993		39,800
Scientific Games Corp., Class A^(a)		4,834		298,306
SeaWorld Entertainment, Inc.^(a)		2,719		128,908
Shake Shack, Inc., Class A^(a)		1,893		190,322
Six Flags Entertainment Corp.^(a)		3,939		163,665
Starbucks Corp.		60,895		7,394,480
Target Hospitality Corp.^(a)		2,425		8,682
Texas Roadhouse, Inc.		3,570		329,047
Travel + Leisure Co.		4,453		230,665
Vail Resorts, Inc.^(a)		2,046		624,439
Wendy’s Co.		9,259		214,901
Wingstop, Inc.		1,521		260,563
Wyndham Hotels & Resorts, Inc.		4,582		330,179
Wynn Resorts Ltd.^(a)		5,353		526,361
Yum China Holdings, Inc.		21,881		1,360,779
Yum! Brands, Inc.		15,712		2,064,400

				48,278,418

Household Durables — 0.5%
Aterian, Inc.^(a)(b)		1,384		12,498
Bassett Furniture Industries, Inc.		916		20,867
Beazer Homes USA, Inc.^(a)		1,012		18,479
Casper Sleep, Inc.^(a)(b)		2,539		17,545
Cavco Industries, Inc.^(a)		513		120,555
Century Communities, Inc.		1,627		112,995
D.R. Horton, Inc.		17,171		1,638,629


Security	Shares		Value

Household Durables (continued)
Ethan Allen Interiors, Inc.		842	$	20,014
Flexsteel Industries, Inc.		518		17,871
Garmin Ltd.		7,867		1,236,692
GoPro, Inc., Class A^(a)		5,660		57,958
Green Brick Partners, Inc.^(a)		6,180		154,933
Hamilton Beach Brands Holding Co., Class A		190		3,551
Helen of Troy Ltd.^(a)		1,318		294,428
Hooker Furniture Corp.		333		11,052
Hovnanian Enterprises, Inc., Class A^(a)		259		27,037
Installed Building Products, Inc.		1,230		147,600
iRobot Corp.^(a)		1,438		125,825
KB Home		4,712		199,977
La-Z-Boy, Inc.		2,410		80,928
Leggett & Platt, Inc.		6,659		319,832
Lennar Corp., B Shares		1,295		111,823
Lennar Corp., Class A		13,556		1,425,413
LGI Homes, Inc.^(a)		1,036		177,052
Lifetime Brands, Inc.		464		6,992
Lovesac Co.^(a)(b)		653		39,637
M/I Homes, Inc.^(a)		1,521		98,424
MDC Holdings, Inc.		2,849		151,909
Meritage Homes Corp.^(a)		2,069		224,652
Mohawk Industries, Inc.^(a)		2,939		572,811
Newell Brands, Inc.		19,070		471,983
NVR, Inc.^(a)		168		877,397
PulteGroup, Inc.		13,426		736,685
Purple Innovation, Inc.^(a)		2,564		67,536
Skyline Champion Corp.^(a)		2,745		154,818
Sonos, Inc.^(a)		6,101		203,651
Taylor Morrison Home Corp.^(a)		6,404		171,755
Tempur Sealy International, Inc.		9,447		408,772
Toll Brothers, Inc.		5,780		342,581
TopBuild Corp.^(a)		1,681		340,722
Tri Pointe Homes, Inc.^(a)		6,899		166,404
Tupperware Brands Corp.^(a)		2,306		48,172
Universal Electronics, Inc.^(a)		483		22,575
VOXX International Corp.^(a)		1,140		13,019
Vuzix Corp.^(a)		2,953		43,704
Whirlpool Corp.		3,122		691,648

				12,209,401

Household Products — 1.1%
Central Garden & Pet Co.^(a)		682		32,934
Central Garden & Pet Co., Class A^(a)		1,849		80,080
Church & Dwight Co., Inc.		12,702		1,099,739
Clorox Co.		6,934		1,254,291
Colgate-Palmolive Co.		44,407		3,530,357
Energizer Holdings, Inc.		3,583		153,532
Kimberly-Clark Corp.		17,311		2,349,449
Oil-Dri Corp. of America		141		5,015
Procter & Gamble Co.		126,098		17,934,919
Reynolds Consumer Products Inc.		2,901		82,533
Spectrum Brands Holdings, Inc.		2,158		188,501
WD-40 Co.		706		171,551

				26,882,901

Independent Power and Renewable Electricity Producers — 0.1%
AES Corp.		34,373		814,640
Brookfield Renewable Corp., Class A		6,404		271,786
Clearway Energy, Inc., Class A		2,467		66,486
Clearway Energy, Inc., Class C		3,675		105,399
Ormat Technologies, Inc.		2,201		153,498


Security	Shares		Value

Independent Power and Renewable Electricity Producers (continued)

Sunnova Energy International, Inc.^(a)(b)		4,344	$	165,506
Vistra Corp.		24,343		466,168

				2,043,483

Industrial Conglomerates — 1.0%
3M Co.		30,343		6,006,094
General Electric Co.		459,257		5,947,378
Honeywell International, Inc.		36,261		8,477,459
Raven Industries, Inc.^(a)		1,924		112,073
Roper Technologies, Inc.		5,394		2,650,288

				23,193,292

Insurance — 1.9%
Aflac, Inc.		34,764		1,912,020
Alleghany Corp.^(a)		716		474,780
Allstate Corp.		15,348		1,996,007
Ambac Financial Group, Inc.^(a)		1,699		24,669
American Equity Investment Life Holding Co.		4,364		140,041
American Financial Group, Inc.		3,478		439,932
American International Group, Inc.		44,210		2,093,344
American National Group, Inc.		327		53,948
AMERISAFE, Inc.		924		52,853
Aon PLC, Class A		11,556		3,004,907
Arch Capital Group Ltd.^(a)		19,980		779,220
Argo Group International Holdings Ltd.		1,747		91,071
Arthur J. Gallagher & Co.		10,473		1,458,994
Assurant, Inc.		3,053		481,794
Assured Guaranty Ltd.		2,078		99,349
Athene Holding Ltd., Class A^(a)		5,860		378,673
Axis Capital Holdings Ltd.		4,196		213,451
Brighthouse Financial, Inc.^(a)		4,515		194,416
Brown & Brown, Inc.		12,107		658,621
BRP Group, Inc., Class A^(a)		2,348		64,006
Chubb Ltd.		23,064		3,891,819
Cincinnati Financial Corp.		7,810		920,643
Citizens, Inc.^(a)(b)		3,588		19,232
CNA Financial Corp.		1,745		76,797
CNO Financial Group, Inc.		7,685		175,525
eHealth, Inc.^(a)		1,290		67,093
Employers Holdings, Inc.		798		33,133
Enstar Group Ltd.^(a)		676		173,746
Erie Indemnity Co., Class A		1,366		252,560
Everest Re Group Ltd.		2,018		510,211
Fidelity National Financial, Inc.		14,474		645,685
First American Financial Corp.		5,470		368,186
Genworth Financial, Inc., Class A^(a)		15,800		52,772
Globe Life, Inc.		5,130		477,654
GoHealth, Inc., Class A^(a)		3,067		26,990
Goosehead Insurance, Inc., Class A		889		106,849
Greenlight Capital Re Ltd., Class A^(a)		1,310		11,528
Hanover Insurance Group, Inc.		1,944		264,190
Hartford Financial Services Group, Inc.		18,120		1,152,794
HCI Group, Inc.		211		21,201
Heritage Insurance Holdings, Inc.		585		4,294
Horace Mann Educators Corp.		1,576		62,741
Independence Holding Co.		268		11,990
Investors Title Co.		51		8,493
James River Group Holdings Ltd.		3,686		134,097
Kemper Corp.		3,156		208,328
Kinsale Capital Group, Inc.		1,124		200,797
Lemonade, Inc.^(a)		1,938		168,722


Security	Shares		Value

Insurance (continued)
Lincoln National Corp.		9,737	$	599,994
Loews Corp.		11,580		621,035
Maiden Holdings Ltd.^(a)		6,872		23,227
Markel Corp.^(a)		697		840,700
Marsh & McLennan Cos., Inc.		26,164		3,851,864
MBIA, Inc.^(a)		2,769		36,135
Mercury General Corp.		1,465		89,116
MetLife, Inc.		38,198		2,204,025
MetroMile, Inc.^(a)(b)		2,436		17,271
National Western Life Group, Inc., Class A		82		17,047
Old Republic International Corp.		14,247		351,331
Palomar Holdings, Inc.^(a)		1,248		101,625
Primerica, Inc.		2,043		298,727
Principal Financial Group, Inc.		14,027		871,498
ProAssurance Corp.		1,892		38,370
Progressive Corp.		31,240		2,972,798
Prudential Financial, Inc.		20,325		2,038,191
Reinsurance Group of America, Inc.		3,554		391,580
RenaissanceRe Holdings Ltd.		2,519		384,626
RLI Corp.		2,017		218,602
Safety Insurance Group, Inc.		657		50,339
Selective Insurance Group, Inc.		3,146		255,927
Selectquote, Inc.^(a)		6,404		113,991
SiriusPoint Ltd.^(a)(b)		6,850		67,130
State Auto Financial Corp.		2,725		136,250
Stewart Information Services Corp.		1,098		64,793
Tiptree, Inc.		2,116		20,335
Travelers Cos., Inc.		12,943		1,927,472
Trean Insurance Group, Inc.^(a)		1,480		19,965
Trupanion, Inc.^(a)		2,732		314,235
United Fire Group, Inc.		693		17,270
United Insurance Holdings Corp.		649		2,843
Universal Insurance Holdings, Inc.		1,090		15,434
Unum Group		10,389		284,659
W.R. Berkley Corp.		7,114		520,531
White Mountains Insurance Group Ltd.		162		183,314
Willis Towers Watson PLC		6,647		1,369,814

				45,992,230

Interactive Media & Services^(a)— 5.8%
Alphabet, Inc., Class A		15,616		42,077,780
Alphabet, Inc., Class C		14,678		39,695,477
Cargurus, Inc.		4,841		138,453
Cars.com, Inc.		2,829		34,174
Eventbrite, Inc., Class A^(b)		4,028		71,578
EverQuote, Inc., Class A		1,224		36,940
Facebook, Inc., Class A		124,153		44,235,714
fuboTV, Inc.		6,609		172,098
IAC/InterActiveCorp		4,001		549,297
Liberty TripAdvisor Holdings, Inc., Class A		2,921		12,210
Match Group, Inc.^(b)		13,879		2,210,508
MediaAlpha, Inc., Class A		1,139		38,043
Pinterest, Inc., Class A		28,173		1,659,390
QuinStreet, Inc.		3,046		55,864
TripAdvisor, Inc.		4,950		187,852
TrueCar, Inc.^(b)		5,805		30,534
Twitter, Inc.		41,778		2,914,015
Vimeo, Inc.		6,710		300,608
Yelp, Inc.		3,419		127,871


Security	Shares		Value

Interactive Media & Services (continued)
Zillow Group, Inc., Class A		3,251	$	348,280
Zillow Group, Inc., Class C^(b)		8,281		879,939

				135,776,625

Internet & Direct Marketing Retail — 3.5%
1-800-Flowers.com, Inc., Class A^(a)(b)		1,280		39,040
Amazon.com, Inc.^(a)		22,513		74,914,034
CarParts.com, Inc.^(a)		2,466		43,426
DoorDash, Inc., Class A^(a)		4,375		762,519
Duluth Holdings, Inc., Class B^(a)(b)		1,416		21,198
eBay, Inc.		36,659		2,500,510
Etsy, Inc.^(a)		6,542		1,200,522
Groupon, Inc.^(a)		1,225		44,553
Lands’ End, Inc.^(a)		889		34,075
Liquidity Services, Inc.^(a)		954		18,927
Overstock.com, Inc.^(a)(b)		2,193		152,721
PetMed Express, Inc.		1,061		33,305
Porch Group, Inc.^(a)		1,141		21,143
Quotient Technology, Inc.^(a)		4,746		51,542
Qurate Retail, Inc., Series A		19,025		225,636
RealReal, Inc.^(a)(b)		4,179		68,995
Revolve Group, Inc.^(a)		1,803		125,507
Shutterstock, Inc.		1,188		128,886
Stamps.com, Inc.^(a)		906		296,045
Stitch Fix, Inc., Class A^(a)		3,000		161,760
Wayfair, Inc., Class A^(a)(b)		3,886		937,925

				81,782,269

IT Services — 5.2%
Accenture PLC, Class A		33,043		10,497,100
Akamai Technologies, Inc.^(a)(b)		8,405		1,007,928
Alliance Data Systems Corp.		2,447		228,183
Amdocs Ltd.		6,859		528,898
Automatic Data Processing, Inc.		21,905		4,591,945
BigCommerce Holdings, Inc., Series-1^(a)		2,370		153,481
BM Technologies, Inc.^(a)		164		1,645
Brightcove, Inc.^(a)		2,245		25,750
Broadridge Financial Solutions, Inc.		5,991		1,039,379
Cantaloupe, Inc.^(a)		2,911		30,100
Cass Information Systems, Inc.		434		19,135
Cognizant Technology Solutions Corp., Class A		27,210		2,000,751
Concentrix Corp.^(a)		2,156		353,002
Conduent, Inc.^(a)		7,311		49,057
CSG Systems International, Inc.		1,739		78,881
DigitalOcean Holdings, Inc.^(a)(b)		629		32,394
DXC Technology Co.^(a)		12,930		516,941
EPAM Systems, Inc.^(a)		2,767		1,548,967
Euronet Worldwide, Inc.^(a)		2,568		366,762
EVERTEC, Inc.		3,340		145,958
Evo Payments, Inc., Class A^(a)(b)		2,672		78,022
ExlService Holdings, Inc.^(a)		1,645		186,247
Fastly, Inc., Class A^(a)(b)		5,354		257,367
Fidelity National Information Services, Inc.		31,934		4,759,763
Fiserv, Inc.^(a)		30,858		3,552,064
FleetCor Technologies, Inc.^(a)		4,258		1,099,501
Gartner, Inc.^(a)		4,653		1,231,789
Genpact Ltd.		9,626		479,471
Global Payments, Inc.		15,138		2,927,841
Globant SA^(a)		1,977		472,819
GoDaddy, Inc., Class A^(a)		8,553		717,169
GreenSky, Inc., Class A^(a)		2,934		19,276
Grid Dynamics Holdings, Inc.^(a)(b)		1,539		32,396


Security	Shares		Value

IT Services (continued)
Hackett Group, Inc.		1,720	$	30,822
I3 Verticals, Inc., Class A^(a)		1,114		35,559
International Business Machines Corp.		46,068		6,493,745
International Money Express, Inc.^(a)		2,474		40,054
Jack Henry & Associates, Inc.		3,747		652,315
Limelight Networks, Inc.^(a)		5,082		14,280
LiveRamp Holdings, Inc.^(a)		3,611		144,476
Mastercard, Inc., Class A		45,427		17,532,096
MAXIMUS, Inc.		3,222		286,758
MoneyGram International, Inc.^(a)		3,547		36,676
MongoDB, Inc.^(a)		2,743		984,518
Okta, Inc.^(a)		6,403		1,586,599
Paya Holdings, Inc.^(a)(b)		4,078		46,856
Paychex, Inc.		16,542		1,882,810
PayPal Holdings, Inc.^(a)		60,922		16,785,839
Paysafe Ltd.^(a)(b)		15,509		167,342
Perficient, Inc.^(a)		1,668		157,276
Rackspace Technology, Inc.^(a)(b)		2,884		51,191
Repay Holdings Corp.^(a)		3,893		96,975
Sabre Corp.^(a)		15,627		184,242
Shift4 Payments, Inc., Class A^(a)		2,138		190,688
Snowflake, Inc., Class A^(a)		6,153		1,634,975
SolarWinds Corp.		3,509		39,441
Square, Inc., Class A^(a)		20,571		5,086,386
StarTek, Inc.^(a)		3,279		23,019
StoneCo Ltd., Class A^(a)		13,166		774,687
Switch, Inc., Class A		5,766		119,126
Sykes Enterprises, Inc.^(a)		2,011		107,910
TTEC Holdings, Inc.		1,040		108,680
Tucows, Inc., Class A^(a)		474		36,858
Twilio, Inc., Class A^(a)		8,626		3,222,587
Unisys Corp.^(a)		3,469		77,532
VeriSign, Inc.^(a)		5,091		1,101,540
Verra Mobility Corp.^(a)		6,861		105,042
Visa, Inc., Class A		87,687		21,605,200
Western Union Co.		21,329		495,046
WEX, Inc.^(a)		2,273		431,256
Wix.com Ltd.^(a)		2,770		827,233

				122,227,617

Leisure Products — 0.2%
Acushnet Holdings Corp.		1,764		90,370
American Outdoor Brands, Inc.^(a)		1,158		31,243
AMMO, Inc.^(a)		3,293		22,293
Brunswick Corp.		3,945		411,858
Callaway Golf Co.^(a)		5,841		185,043
Clarus Corp.		461		13,147
Escalade, Inc.		501		11,373
Genius Brands International, Inc.^(a)(b)		13,975		21,941
Hasbro, Inc.		6,575		653,818
Hayward Holdings, Inc.^(a)		1,760		42,398
Johnson Outdoors, Inc., Class A		138		16,335
Latham Group, Inc.^(a)(b)		1,114		30,390
Malibu Boats, Inc., Class A^(a)		936		78,306
MasterCraft Boat Holdings, Inc.^(a)		1,420		37,857
Mattel, Inc.^(a)		17,602		382,315
Nautilus, Inc.^(a)(b)		1,478		21,357
Peloton Interactive, Inc., Class A^(a)		14,560		1,718,808
Polaris, Inc.		2,872		376,433
Smith & Wesson Brands, Inc.		2,956		69,318


Security	Shares		Value

Leisure Products (continued)
Sturm Ruger & Co., Inc.		1,052	$	78,227
Vista Outdoor, Inc.^(a)		3,007		121,453
YETI Holdings, Inc.^(a)(b)		4,375		421,444

				4,835,727

Life Sciences Tools & Services — 1.4%
10X Genomics, Inc., Class A^(a)		4,353		797,600
Adaptive Biotechnologies Corp.^(a)		5,395		197,781
Agilent Technologies, Inc.		15,712		2,407,550
Avantor, Inc.^(a)		29,882		1,122,966
Berkeley Lights, Inc.^(a)		2,417		110,167
Bionano Genomics, Inc.^(a)(b)		14,144		83,874
Bio-Rad Laboratories, Inc., Class A^(a)		1,112		822,335
Bio-Techne Corp.		2,011		969,785
Bruker Corp.		5,196		427,371
Charles River Laboratories International, Inc.^(a)		2,530		1,029,508
ChromaDex Corp.^(a)(b)		2,577		22,394
Codexis, Inc.^(a)		2,533		53,598
Fluidigm Corp.^(a)(b)		5,382		39,881
Harvard Bioscience, Inc.^(a)		3,253		25,666
Illumina, Inc.^(a)(b)		7,519		3,727,544
Inotiv, Inc.^(a)		753		19,668
IQVIA Holdings, Inc.^(a)		9,844		2,438,359
Maravai LifeSciences Holdings, Inc., Class A^(a)		4,104		180,453
Medpace Holdings, Inc.^(a)		1,493		262,678
Mettler-Toledo International, Inc.^(a)		1,181		1,740,451
NanoString Technologies, Inc.^(a)		2,353		145,745
NeoGenomics, Inc.^(a)		5,670		261,387
Pacific Biosciences of California, Inc.^(a)		9,840		316,356
PerkinElmer, Inc.		5,709		1,040,351
Personalis, Inc.^(a)		1,910		40,091
PPD, Inc.^(a)		8,267		381,274
QIAGEN NV^(a)		11,797		622,764
Quanterix Corp.^(a)		1,710		90,886
Repligen Corp.^(a)		2,776		682,063
Seer, Inc.^(a)		962		30,726
Sotera Health Co.^(a)		4,281		101,460
Syneos Health, Inc.^(a)		5,205		466,732
Thermo Fisher Scientific, Inc.		20,219		10,918,462
Waters Corp.^(a)		3,155		1,229,851

				32,807,777

Machinery — 1.9%
AGCO Corp.		3,189		421,299
AgEagle Aerial Systems, Inc.^(a)		4,287		17,062
Alamo Group, Inc.		524		76,907
Albany International Corp., Class A		1,571		135,656
Allison Transmission Holdings, Inc.		5,509		219,864
Altra Industrial Motion Corp.		3,350		209,978
Astec Industries, Inc.		1,337		81,971
Barnes Group, Inc.		2,596		131,539
Blue Bird Corp.^(a)		429		10,725
Caterpillar, Inc.		28,789		5,952,126
Chart Industries, Inc.^(a)		1,856		288,515
CIRCOR International, Inc.^(a)		747		23,037
Colfax Corp.^(a)		5,935		272,298
Columbus McKinnon Corp.		1,466		68,022
Commercial Vehicle Group, Inc.^(a)		2,001		18,289
Crane Co.		2,527		245,700
Cummins, Inc.		7,533		1,748,409
Deere & Co.		14,838		5,365,272


Security	Shares		Value

Machinery (continued)
Desktop Metal, Inc., Class A^(a)(b)		4,229	$	38,061
Donaldson Co., Inc.		6,451		426,992
Douglas Dynamics, Inc.		1,306		52,109
Dover Corp.		7,337		1,226,159
Energy Recovery, Inc.^(a)(b)		2,318		49,026
Enerpac Tool Group Corp.		3,044		78,139
EnPro Industries, Inc.		1,210		112,675
ESCO Technologies, Inc.		1,470		138,724
Evoqua Water Technologies Corp.^(a)		6,166		203,540
ExOne Co.^(a)		1,451		24,087
Federal Signal Corp.		2,841		112,532
Flowserve Corp.		6,751		284,150
Fortive Corp.		16,896		1,227,663
Franklin Electric Co., Inc.		2,238		182,979
Gates Industrial Corp. PLC^(a)		3,592		65,051
Gorman-Rupp Co.		1,213		43,292
Graco, Inc.		8,500		663,680
Greenbrier Cos., Inc.		1,846		79,009
Helios Technologies, Inc.		1,637		132,351
Hillenbrand, Inc.		3,849		174,360
Hydrofarm Holdings Group, Inc.^(a)		634		31,282
Hyliion Holdings Corp.^(a)(b)		5,934		57,560
Hyster-Yale Materials Handling, Inc.		750		53,730
Ideanomics, Inc.^(a)(b)		20,556		48,718
IDEX Corp.		3,928		890,438
Illinois Tool Works, Inc.		16,170		3,665,254
Ingersoll Rand, Inc.^(a)		19,396		947,883
ITT, Inc.		4,225		413,670
John Bean Technologies Corp.		1,635		239,658
Kadant, Inc.		660		118,886
Kennametal, Inc.		3,870		140,288
Lincoln Electric Holdings, Inc.		2,812		392,077
Lindsay Corp.		692		111,198
Luxfer Holdings PLC		874		18,223
Lydall, Inc.^(a)		893		54,652
Manitowoc Co., Inc.^(a)		2,189		50,675
Meritor, Inc.^(a)		3,648		88,756
Middleby Corp.^(a)		2,900		555,321
Miller Industries, Inc.		363		13,616
Mueller Industries, Inc.		3,579		155,329
Mueller Water Products, Inc., Class A		8,205		121,598
Nikola Corp.^(a)(b)		9,997		118,664
NN, Inc.^(a)		2,043		13,974
Nordson Corp.		3,025		684,043
Omega Flex, Inc.		130		20,387
Oshkosh Corp.		3,471		414,958
Otis Worldwide Corp.		22,042		1,973,861
PACCAR, Inc.		17,553		1,456,723
Parker-Hannifin Corp.		6,622		2,066,263
Park-Ohio Holdings Corp.		132		3,840
Pentair PLC		8,611		634,372
Proto Labs, Inc.^(a)		1,431		111,890
RBC Bearings, Inc.^(a)(b)		1,253		294,455
REV Group, Inc.		1,078		16,289
Rexnord Corp.		6,054		341,022
Shyft Group, Inc.		1,974		77,855
Snap-on, Inc.		2,798		609,908
SPX Corp.^(a)		2,297		153,118
SPX FLOW, Inc.		2,188		179,744
Standex International Corp.		643		59,156
Stanley Black & Decker, Inc.		8,317		1,638,865
Tennant Co.		1,312		103,805


Security	Shares		Value

Machinery (continued)
Terex Corp.		3,675	$	176,106
Timken Co.		3,197		254,162
Titan International, Inc.^(a)		2,632		22,688
Toro Co.		5,539		630,006
TriMas Corp.^(a)		2,253		73,718
Trinity Industries, Inc.		4,771		129,342
Wabash National Corp.		1,971		28,855
Watts Water Technologies, Inc., Class A		1,319		198,852
Welbilt, Inc.^(a)		6,434		151,135
Westinghouse Air Brake Technologies Corp.		9,292		788,612
Woodward, Inc.		2,942		357,630
Xylem, Inc.		9,234		1,162,099

				43,716,457

Marine — 0.0%
Costamare, Inc.		3,080		33,387
Eagle Bulk Shipping, Inc.^(a)(b)		778		32,442
Genco Shipping & Trading Ltd.		1,092		19,165
Kirby Corp.^(a)		3,091		179,000
Matson, Inc.		2,250		151,020
Safe Bulkers, Inc.^(a)		2,358		7,876

				422,890

Media — 1.3%
Advantage Solutions, Inc.^(a)		3,751		36,685
Altice USA, Inc., Class A^(a)		11,308		347,495
AMC Networks, Inc., Class A^(a)		1,603		80,214
Boston Omaha Corp., Class A^(a)		863		28,229
Cable One, Inc.		272		513,533
Cardlytics, Inc.^(a)		1,613		203,173
Charter Communications, Inc., Class A^(a)		6,777		5,042,427
Clear Channel Outdoor Holdings, Inc.^(a)		18,038		47,981
Comcast Corp., Class A		236,961		13,940,416
ComScore, Inc.^(a)		2,806		11,252
Daily Journal Corp.^(a)(b)		60		19,980
Discovery, Inc., Class A^(a)(b)		8,034		233,066
Discovery, Inc., Class C^(a)		16,815		455,855
DISH Network Corp., Class A^(a)		12,608		528,149
Emerald Holding, Inc.^(a)		736		2,907
Entercom Communications Corp.^(a)		3,599		12,848
Entravision Communications Corp., Class A		1,689		10,387
EW Scripps Co., Class A		2,946		56,210
Fluent, Inc.^(a)		1,571		3,912
Fox Corp., Class A		16,394		584,610
Fox Corp., Class B		8,287		275,460
Gannett Co., Inc.^(a)		7,997		46,143
Gray Television, Inc.		4,444		98,523
iHeartMedia, Inc., Class A^(a)		5,629		145,510
Interpublic Group of Cos., Inc.		19,788		699,704
John Wiley & Sons, Inc., Class A		2,265		133,137
Liberty Broadband Corp., Class A^(a)		1,674		287,375
Liberty Broadband Corp., Class C^(a)		7,453		1,322,833
Liberty Media Corp. - Liberty SiriusXM, Class A^(a)		4,820		225,046
Liberty Media Corp. - Liberty SiriusXM, Class C^(a)		8,431		389,512
Loral Space & Communications, Inc.		436		15,430
Magnite, Inc.^(a)		5,346		161,984
MDC Partners, Inc., Class A^(a)		4,676		26,232
Meredith Corp.^(a)		2,139		93,346
National CineMedia, Inc.		2,288		7,962
New York Times Co., Class A		8,541		373,925
News Corp., Class A		17,660		434,966
News Corp., Class B		9,143		214,952
Nexstar Media Group, Inc., Class A		2,127		312,818
Omnicom Group, Inc.		10,841		789,442


Security	Shares		Value

Media (continued)
Scholastic Corp.		1,551	$	52,129
Sinclair Broadcast Group, Inc., Class A		2,243		63,454
Sirius XM Holdings, Inc.^(b)		46,902		303,456
TechTarget, Inc.^(a)		1,296		94,712
TEGNA, Inc.		11,334		200,838
ViacomCBS, Inc., Class A		716		31,883
ViacomCBS, Inc., Class B		29,788		1,219,223
WideOpenWest, Inc.^(a)		3,478		77,351

				30,256,675

Metals & Mining — 0.5%
Alcoa Corp.^(a)		9,689		389,013
Allegheny Technologies, Inc.^(a)		6,670		136,935
Arconic Corp.^(a)		5,596		201,120
Carpenter Technology Corp.		2,307		88,012
Century Aluminum Co.^(a)		3,746		54,542
Cleveland-Cliffs, Inc.^(a)		24,040		601,000
Coeur Mining, Inc.^(a)		12,684		95,637
Commercial Metals Co.		6,250		205,000
Compass Minerals International, Inc.		1,903		130,470
Constellium SE^(a)		6,148		116,013
Ferroglobe PLC^(a)(c)		844		—
Freeport-McMoRan, Inc.		75,440		2,874,264
Gatos Silver, Inc.^(a)		2,285		31,168
Haynes International, Inc.		363		13,696
Hecla Mining Co.		27,212		182,048
Kaiser Aluminum Corp.		806		98,074
Materion Corp.		920		65,651
MP Materials Corp.^(a)(b)		3,655		137,501
Newmont Corp.		41,254		2,591,576
Novagold Resources, Inc.^(a)		12,171		95,177
Nucor Corp.		15,057		1,566,229
Olympic Steel, Inc.		97		2,922
Reliance Steel & Aluminum Co.		3,412		536,196
Royal Gold, Inc.		3,442		418,272
Ryerson Holding Corp.^(a)		148		2,328
Schnitzer Steel Industries, Inc., Class A		1,316		68,985
Southern Copper Corp.		4,244		278,576
Steel Dynamics, Inc.		10,392		669,765
SunCoke Energy, Inc.		5,143		39,755
TimkenSteel Corp.^(a)		2,945		39,257
United States Steel Corp.		13,593		359,943
Warrior Met Coal, Inc.		2,567		47,926
Worthington Industries, Inc.		1,826		116,809

				12,253,860

Mortgage Real Estate Investment Trusts (REITs) — 0.1%
AGNC Investment Corp.		26,992		428,363
Annaly Capital Management, Inc.		73,417		623,310
Apollo Commercial Real Estate Finance, Inc.		7,237		110,147
Arbor Realty Trust, Inc.		6,750		123,390
Ares Commercial Real Estate Corp.		2,603		39,253
ARMOUR Residential REIT, Inc.		5,531		57,522
Blackstone Mortgage Trust, Inc., Class A		7,712		250,023
BrightSpire Capital, Inc.		5,031		47,845
Broadmark Realty Capital, Inc.		7,832		81,218
Capstead Mortgage Corp.		2,469		15,727
Chimera Investment Corp.		11,622		171,076
Dynex Capital, Inc.		695		12,128
Ellington Financial, Inc.		1,920		34,906
Granite Point Mortgage Trust, Inc.		1,933		27,275
Great Ajax Corp.		2,080		26,374


Security	Shares		Value

Mortgage Real Estate Investment Trusts (REITs) (continued)
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		3,754	$	213,227
Invesco Mortgage Capital, Inc.		12,749		43,857
KKR Real Estate Finance Trust, Inc.		1,316		28,044
Ladder Capital Corp.		6,531		74,584
MFA Financial, Inc.		25,148		117,441
New Residential Investment Corp.		22,096		215,657
New York Mortgage Trust, Inc.		17,656		77,157
Orchid Island Capital, Inc.		5,689		28,161
PennyMac Mortgage Investment Trust		3,973		78,348
Ready Capital Corp.		3,168		47,900
Redwood Trust, Inc.		4,274		50,732
Starwood Property Trust, Inc.		13,892		361,609
TPG RE Finance Trust, Inc.		3,418		44,981
Two Harbors Investment Corp.		16,642		106,675

				3,536,930

Multi-line Retail — 0.5%
Big Lots, Inc.		1,787		102,949
Dillard’s, Inc., Class A		348		63,778
Dollar General Corp.		12,339		2,870,545
Dollar Tree, Inc.^(a)		12,013		1,198,777
Franchise Group, Inc.		1,453		49,344
Kohl’s Corp.		7,926		402,641
Macy’s, Inc.^(a)		10,824		184,008
Nordstrom, Inc.^(a)		5,474		181,189
Ollie’s Bargain Outlet Holdings, Inc.^(a)		3,304		307,603
Target Corp.		26,056		6,801,919

				12,162,753

Multi-Utilities — 0.6%
Ameren Corp.		13,160		1,104,387
Avista Corp.		2,622		112,300
Black Hills Corp.		3,137		212,218
CenterPoint Energy, Inc.		30,272		770,725
CMS Energy Corp.		14,981		925,676
Consolidated Edison, Inc.		17,736		1,308,385
Dominion Energy, Inc.		41,512		3,108,003
DTE Energy Co.		10,006		1,173,904
MDU Resources Group, Inc.		10,065		319,262
NiSource, Inc.		20,528		508,479
NorthWestern Corp.		2,600		161,174
Public Service Enterprise Group, Inc.		26,057		1,621,527
Sempra Energy		16,333		2,133,906
Unitil Corp.		767		40,590
WEC Energy Group, Inc.		16,234		1,528,269

				15,028,805

Oil, Gas & Consumable Fuels — 2.3%
Aemetis, Inc.^(a)(b)		1,655		14,514
Alto Ingredients, Inc.^(a)		3,664		19,419
Altus Midstream Co., Class A		357		22,794
Antero Midstream Corp.		16,933		160,863
Antero Resources Corp.^(a)		14,378		195,541
APA Corp.		19,195		359,906
Arch Resources, Inc.^(a)		980		64,406
Berry Corp.		2,607		14,469
Bonanza Creek Energy, Inc.		1,565		60,206
Brigham Minerals, Inc., Class A		2,322		45,604
Cabot Oil & Gas Corp.		19,959		319,344
California Resources Corp.^(a)(b)		4,225		118,765
Callon Petroleum Co.^(a)		2,015		79,310
Centennial Resource Development, Inc., Class A^(a)		9,150		47,671
Cheniere Energy, Inc.^(a)		12,144		1,031,390


Security	Shares		Value

Oil, Gas & Consumable Fuels (continued)
Chesapeake Energy Corp.		4,941	$	267,061
Chevron Corp.		101,258		10,309,077
Cimarex Energy Co.		5,118		333,694
Clean Energy Fuels Corp.^(a)		7,091		53,253
CNX Resources Corp.^(a)(b)		12,210		147,741
Comstock Resources, Inc.^(a)		4,466		27,153
ConocoPhillips		71,451		4,005,543
CONSOL Energy, Inc.^(a)		2,144		45,045
Contango Oil & Gas Co.^(a)		9,373		35,805
Continental Resources, Inc.^(b)		3,232		110,373
CVR Energy, Inc.		1,053		14,384
Delek US Holdings, Inc.^(a)		3,571		62,064
Denbury, Inc.^(a)(b)		2,541		166,969
Devon Energy Corp.		34,959		903,341
DHT Holdings, Inc.		8,078		46,852
Diamondback Energy, Inc.		9,155		706,125
Dorian LPG Ltd.^(a)		1,250		15,125
DTE Midstream LLC^(a)		4,904		207,930
Earthstone Energy, Inc., Class A^(a)		1,997		19,631
Energy Fuels, Inc.^(a)(b)		8,340		43,785
EOG Resources, Inc.		29,975		2,183,978
EQT Corp.^(a)		15,024		276,291
Equitrans Midstream Corp.		21,144		173,804
Extraction Oil & Gas, Inc.^(a)		801		35,636
Exxon Mobil Corp.		220,540		12,696,488
Falcon Minerals Corp.		1,711		8,161
Frontline Ltd.^(a)		7,646		60,862
Gevo, Inc.^(a)(b)		9,834		59,889
Golar LNG Ltd.^(a)		5,492		61,291
Green Plains, Inc.^(a)		1,196		42,291
Hess Corp.		14,328		1,095,232
HollyFrontier Corp.		7,797		229,232
International Seaways, Inc.		1,728		28,426
Kinder Morgan, Inc.		99,700		1,732,786
Kosmos Energy Ltd.^(a)		22,400		51,744
Laredo Petroleum, Inc.^(a)		644		35,459
Magnolia Oil & Gas Corp., Class A^(a)		7,273		101,822
Marathon Oil Corp.		40,234		466,312
Marathon Petroleum Corp.		33,809		1,866,933
Matador Resources Co.		5,650		174,585
Murphy Oil Corp.		7,792		169,164
New Fortress Energy, Inc.		1,317		39,918
Nordic American Tankers Ltd.		4,938		12,888
Northern Oil and Gas, Inc.		2,450		42,311
Oasis Petroleum, Inc.		1,009		92,535
Occidental Petroleum Corp.		43,757		1,142,058
ONEOK, Inc.		22,945		1,192,452
Ovintiv, Inc.		13,321		341,817
Par Pacific Holdings, Inc.^(a)		2,754		45,111
PBF Energy, Inc., Class A^(a)		4,171		38,248
PDC Energy, Inc.		4,992		197,434
Peabody Energy Corp.^(a)		4,700		55,037
Penn Virginia Corp.^(a)		390		7,211
Phillips 66		22,713		1,667,816
Pioneer Natural Resources Co.		11,096		1,613,026
Range Resources Corp.^(a)		12,155		185,121
Renewable Energy Group, Inc.^(a)		2,161		132,361
REX American Resources Corp.^(a)		221		18,122
Riley Exploration Permian, Inc.^(b)		425		9,176
Scorpio Tankers, Inc.		2,267		37,065
SFL Corp. Ltd.		3,785		26,003
SM Energy Co.		6,000		112,200


Security	Shares		Value

Oil, Gas & Consumable Fuels (continued)
Southwestern Energy Co.^(a)		33,910	$	159,716
Talos Energy, Inc.^(a)		1,941		22,399
Targa Resources Corp.		11,282		475,085
Teekay Corp.^(a)		5,713		17,082
Teekay Tankers Ltd., Class A^(a)		1,541		19,494
Tellurian, Inc.^(a)(b)		15,969		60,203
Texas Pacific Land Corp.		311		464,183
Uranium Energy Corp.^(a)(b)		13,627		29,571
Ur-Energy, Inc.^(a)		13,853		15,654
Valero Energy Corp.		20,766		1,390,699
Vine Energy, Inc., Class A^(a)		1,507		21,113
W&T Offshore, Inc.^(a)(b)		2,856		11,567
Whiting Petroleum Corp.^(a)		1,996		93,612
Williams Cos., Inc.		62,970		1,577,398
World Fuel Services Corp.		3,223		111,065

				53,102,290

Paper & Forest Products — 0.0%
Clearwater Paper Corp.^(a)		635		18,726
Domtar Corp.^(a)		2,571		141,174
Glatfelter Corp.		2,862		43,588
Louisiana-Pacific Corp.		5,114		283,520
Neenah, Inc.		977		49,114
Schweitzer-Mauduit International, Inc.		1,765		69,417
Verso Corp., Class A		1,086		20,656

				626,195

Personal Products — 0.2%
Beauty Health Co.^(a)		2,372		41,652
BellRing Brands, Inc., Class A^(a)		2,292		75,796
Coty, Inc., Class A^(a)		16,085		140,422
Edgewell Personal Care Co.		2,898		119,050
elf Beauty, Inc.^(a)		2,100		57,981
Estee Lauder Cos., Inc., Class A		11,783		3,933,519
Herbalife Nutrition Ltd.^(a)		5,466		278,438
Honest Co., Inc.^(a)(b)		1,489		21,397
Inter Parfums, Inc.		944		72,565
Medifast, Inc.		596		170,164
Nature’s Sunshine Products, Inc.		255		4,486
Nu Skin Enterprises, Inc., Class A		2,597		139,433
Revlon, Inc., Class A^(a)(b)		260		2,834
USANA Health Sciences, Inc.^(a)		667		63,545
Veru, Inc.^(a)(b)		4,777		32,818

				5,154,100

Pharmaceuticals — 3.3%
9 Meters Biopharma, Inc.^(a)		16,062		17,347
Aclaris Therapeutics, Inc.^(a)		2,185		32,622
Aerie Pharmaceuticals, Inc.^(a)(b)		1,684		26,574
Amneal Pharmaceuticals, Inc.^(a)		5,098		25,133
Amphastar Pharmaceuticals, Inc.^(a)		2,313		48,457
Ampio Pharmaceuticals, Inc.^(a)(b)		12,047		16,986
ANI Pharmaceuticals, Inc.^(a)		794		26,940
Antares Pharma, Inc.^(a)		10,058		44,255
Arvinas, Inc.^(a)		2,239		226,363
Atea Pharmaceuticals, Inc.^(a)(b)		3,300		82,632
Athira Pharma, Inc.^(a)		2,144		20,604
Axsome Therapeutics, Inc.^(a)		1,553		75,460
BioDelivery Sciences International, Inc.^(a)		3,852		14,484
Bristol-Myers Squibb Co.		115,269		7,823,307
Cara Therapeutics, Inc.^(a)		1,585		18,972
Cassava Sciences, Inc.^(a)		1,925		133,845
Catalent, Inc.^(a)		8,460		1,013,593
Citius Pharmaceuticals, Inc.^(a)		5,805		10,971


Security	Shares		Value

Pharmaceuticals (continued)
Collegium Pharmaceutical, Inc.^(a)		1,582	$	39,376
Corcept Therapeutics, Inc.^(a)		5,104		106,010
CorMedix, Inc.^(a)		1,458		8,471
Cymabay Therapeutics, Inc.^(a)		3,406		13,420
Durect Corp.^(a)		7,508		10,586
Edgewise Therapeutics, Inc.^(a)(b)		844		14,778
Elanco Animal Health, Inc.^(a)		23,151		844,317
Eli Lilly & Co.		44,148		10,750,038
Endo International PLC^(a)		9,338		47,250
Esperion Therapeutics, Inc.^(a)(b)		1,000		15,390
Evolus, Inc.^(a)		1,907		20,634
Fulcrum Therapeutics, Inc.^(a)		659		4,817
Harmony Biosciences Holdings, Inc.^(a)(b)		1,152		30,136
Innoviva, Inc.^(a)		2,582		36,613
Intra-Cellular Therapies, Inc.^(a)		3,645		125,133
Jazz Pharmaceuticals PLC^(a)		3,032		513,985
Johnson & Johnson		136,421		23,491,696
Kala Pharmaceuticals, Inc.^(a)(b)		1,156		3,988
KemPharm, Inc.^(a)(b)		1,573		15,872
Marinus Pharmaceuticals, Inc.^(a)		1,328		19,522
Merck & Co., Inc.		132,096		10,154,220
Mind Medicine MindMed, Inc.^(a)		16,253		49,734
Nektar Therapeutics^(a)(b)		8,652		136,615
NGM Biopharmaceuticals, Inc.^(a)		1,461		29,790
Nuvation Bio, Inc.^(a)		2,309		19,950
Ocular Therapeutix, Inc.^(a)		2,768		30,476
Omeros Corp.^(a)(b)		3,663		53,114
Organon & Co.^(a)		12,840		372,488
Pacira BioSciences, Inc.^(a)		2,251		132,696
Paratek Pharmaceuticals, Inc.^(a)		915		4,758
Perrigo Co. PLC		6,851		329,054
Pfizer, Inc.		290,481		12,435,492
Phathom Pharmaceuticals, Inc.^(a)		1,212		38,905
Phibro Animal Health Corp., Class A		619		14,652
Pliant Therapeutics, Inc.^(a)		1,639		33,108
Prestige Consumer Healthcare, Inc.^(a)		2,675		140,571
Provention Bio, Inc.^(a)(b)		1,609		9,767
Reata Pharmaceuticals, Inc., Class A^(a)(b)		1,389		174,056
Relmada Therapeutics, Inc.^(a)		534		13,884
Revance Therapeutics, Inc.^(a)		3,641		105,880
Royalty Pharma PLC, Class A		17,090		652,838
SIGA Technologies, Inc.^(a)		3,614		23,021
Supernus Pharmaceuticals, Inc.^(a)		2,277		59,953
Tarsus Pharmaceuticals, Inc.^(a)		888		20,042
TherapeuticsMD, Inc.^(a)(b)		7,503		7,503
Theravance Biopharma, Inc.^(a)		3,062		39,745
Verrica Pharmaceuticals, Inc.^(a)(b)		732		7,832
Viatris, Inc.		62,530		879,797
WaVe Life Sciences Ltd.^(a)		1,000		5,510
Zoetis, Inc.		24,469		4,959,866
Zogenix, Inc.^(a)(b)		2,357		38,207

				76,744,101

Professional Services — 0.7%
Acacia Research Corp.^(a)		3,628		20,462
ASGN, Inc.^(a)		2,668		269,815
Barrett Business Services, Inc.		250		18,302
Booz Allen Hamilton Holding Corp.		8,121		696,863
CACI International, Inc., Class A^(a)		1,185		316,348
CBIZ, Inc.^(a)		3,197		103,391
Clarivate PLC^(a)		25,408		579,302
CoStar Group, Inc.^(a)		20,229		1,797,347


Security	Shares		Value

Professional Services (continued)
CRA International, Inc.		456	$	39,093
Dun & Bradstreet Holdings, Inc.^(a)(b)		8,101		169,797
Equifax, Inc.		6,237		1,625,362
Exponent, Inc.		2,671		286,037
Forrester Research, Inc.^(a)		474		22,207
Franklin Covey Co.^(a)		875		32,016
FTI Consulting, Inc.^(a)		1,704		248,273
GP Strategies Corp.^(a)		414		8,425
Heidrick & Struggles International, Inc.		1,059		45,230
Huron Consulting Group, Inc.^(a)		877		43,087
ICF International, Inc.		940		86,076
IHS Markit Ltd.		19,219		2,245,548
Insperity, Inc.		1,876		185,818
Jacobs Engineering Group, Inc.		6,681		903,605
KBR, Inc.		7,225		279,607
Kelly Services, Inc., Class A^(a)		1,865		40,881
Kforce, Inc.		1,056		65,926
Korn Ferry		2,683		184,429
Leidos Holdings, Inc.		7,368		784,103
ManpowerGroup, Inc.		2,781		329,771
ManTech International Corp., Class A		1,416		123,843
Mistras Group, Inc.^(a)		335		3,517
Nielsen Holdings PLC		18,788		445,088
Rekor Systems, Inc.^(a)		2,062		16,249
Resources Connection, Inc.		605		9,371
Robert Half International, Inc.		5,630		552,922
Science Applications International Corp.		3,057		266,876
TransUnion		9,878		1,185,953
TriNet Group, Inc.^(a)		2,110		175,088
TrueBlue, Inc.^(a)		1,432		38,936
Upwork, Inc.^(a)		6,329		327,779
Verisk Analytics, Inc.		8,171		1,552,000
Willdan Group, Inc.^(a)(b)		300		12,375

				16,137,118

Real Estate Management & Development — 0.2%
CBRE Group, Inc., Class A^(a)		16,933		1,633,357
Cushman & Wakefield PLC^(a)		5,937		110,844
eXp World Holdings, Inc.^(a)(b)		3,098		111,280
Forestar Group, Inc.^(a)		1,192		24,400
FRP Holdings, Inc.^(a)		186		11,184
Howard Hughes Corp.^(a)		2,164		200,624
Jones Lang LaSalle, Inc.^(a)		2,681		596,710
Kennedy-Wilson Holdings, Inc.		6,954		140,401
Marcus & Millichap, Inc.^(a)		917		36,487
Newmark Group, Inc., Class A		8,235		106,067
Opendoor Technologies Inc.^(a)(b)		17,511		259,513
Rafael Holdings, Inc., Class B^(a)		432		21,863
RE/MAX Holdings, Inc., Class A		632		21,678
Realogy Holdings Corp.^(a)		6,333		112,221
Redfin Corp.^(a)		5,266		308,430
RMR Group, Inc., Class A		541		21,229
St. Joe Co.		1,480		67,000
Tejon Ranch Co.^(a)		507		9,243

				3,792,531

Road & Rail — 1.1%
AMERCO		448		263,406
ArcBest Corp.		1,290		76,252
Avis Budget Group, Inc.^(a)		2,581		213,629
Covenant Logistics Group, Inc., Class A^(a)		245		5,147
CSX Corp.		119,097		3,849,215
Daseke, Inc.^(a)(b)		1,090		7,532


Security	Shares		Value

Road & Rail (continued)
Heartland Express, Inc.		3,436	$	58,515
HyreCar, Inc.^(a)		1,009		17,637
JB Hunt Transport Services, Inc.		4,348		732,421
Kansas City Southern		4,700		1,258,660
Knight-Swift Transportation Holdings, Inc.		8,061		400,551
Landstar System, Inc.		1,926		302,382
Lyft, Inc., Class A^(a)		14,657		810,825
Marten Transport Ltd.		2,723		43,078
Norfolk Southern Corp.		12,926		3,332,711
Old Dominion Freight Line, Inc.		5,288		1,423,265
Ryder System, Inc.		2,730		207,890
Saia, Inc.^(a)		1,322		298,772
Schneider National, Inc., Class B		3,106		69,699
TuSimple Holdings, Inc., Class A^(a)(b)		1,785		65,688
Uber Technologies, Inc.^(a)		83,322		3,621,174
Union Pacific Corp.		34,800		7,612,848
Universal Logistics Holdings, Inc.		345		7,952
US Xpress Enterprises, Inc., Class A^(a)(b)		1,385		12,091
Werner Enterprises, Inc.		3,145		143,758
Yellow Corp.^(a)		3,485		18,122

				24,853,220

Semiconductors & Semiconductor Equipment — 5.0%
Advanced Micro Devices, Inc.^(a)		62,335		6,619,354
Allegro MicroSystems, Inc.^(a)		2,315		63,454
Alpha & Omega Semiconductor Ltd.^(a)		1,152		29,940
Ambarella, Inc.^(a)		1,737		171,077
Amkor Technology, Inc.		5,568		137,196
Analog Devices, Inc.		18,985		3,178,469
Applied Materials, Inc.		47,171		6,600,638
Atomera, Inc.^(a)		815		14,385
Axcelis Technologies, Inc.^(a)		2,013		77,601
AXT, Inc.^(a)		1,214		12,383
Broadcom, Inc.		20,878		10,134,181
Brooks Automation, Inc.		3,752		333,966
CEVA, Inc.^(a)		893		44,329
Cirrus Logic, Inc.^(a)		2,960		244,466
CMC Materials, Inc.		1,471		212,765
Cohu, Inc.^(a)		2,510		88,879
Cree, Inc.^(a)		5,867		544,223
Diodes, Inc.^(a)		2,216		181,712
DSP Group, Inc.^(a)		1,034		16,596
Enphase Energy, Inc.^(a)		6,818		1,292,693
Entegris, Inc.		6,994		843,756
First Solar, Inc.^(a)(b)		6,771		582,577
FormFactor, Inc.^(a)		4,220		157,237
Ichor Holdings Ltd.^(a)		1,435		74,003
Impinj, Inc.^(a)		724		33,304
Intel Corp.		210,454		11,305,589
KLA Corp.		7,910		2,753,946
Kopin Corp.^(a)		3,915		26,387
Kulicke & Soffa Industries, Inc.		3,036		165,037
Lam Research Corp.		7,342		4,679,864
Lattice Semiconductor Corp.^(a)		6,814		386,694
MACOM Technology Solutions Holdings, Inc., Class H^(a)		2,653		163,743
Marvell Technology, Inc.		41,571		2,515,461
Maxim Integrated Products, Inc.^(a)		13,849		1,383,654
MaxLinear, Inc.^(a)		3,684		177,679
Meta Materials, Inc.^(a)		3,070		10,745
Microchip Technology, Inc.		12,939		1,851,830
Micron Technology, Inc.^(a)		57,765		4,481,409
MKS Instruments, Inc.		2,822		441,474


Security	Shares		Value

Semiconductors & Semiconductor Equipment (continued)
Monolithic Power Systems, Inc.		2,319	$	1,041,834
NeoPhotonics Corp.^(a)(b)		1,665		16,150
NVE Corp.		172		12,912
NVIDIA Corp.		124,290		24,235,307
NXP Semiconductors NV		14,201		2,930,944
ON Semiconductor Corp.^(a)		22,085		862,640
Onto Innovation, Inc.^(a)		2,592		181,647
PDF Solutions, Inc.^(a)		1,754		32,817
Photronics, Inc.^(a)		2,227		29,775
Power Integrations, Inc.		3,137		304,258
Qorvo, Inc.^(a)		5,823		1,103,983
Qualcomm, Inc.		58,078		8,700,084
Rambus, Inc.^(a)		5,861		138,671
Semtech Corp.^(a)		3,402		210,618
Silicon Laboratories, Inc.^(a)		3,015		449,205
SiTime Corp.^(a)		650		88,166
Skyworks Solutions, Inc.		8,493		1,567,043
SMART Global Holdings, Inc.^(a)		853		39,955
SunPower Corp.^(a)		4,104		101,656
Synaptics, Inc.^(a)		1,779		270,266
Teradyne, Inc.		8,633		1,096,391
Texas Instruments, Inc.		47,497		9,053,878
Ultra Clean Holdings, Inc.^(a)		2,189		118,228
Universal Display Corp.		2,725		638,985
Veeco Instruments, Inc.^(a)		2,766		64,171
Xilinx, Inc.^(a)		12,669		1,898,323

				117,220,603

Software — 9.7%
8x8, Inc.^(a)		5,438		138,995
A10 Networks, Inc.^(a)		3,291		42,026
ACI Worldwide, Inc.^(a)		6,070		208,201
Adobe, Inc.^(a)		24,751		15,385,964
Agilysys, Inc.^(a)		963		53,504
Alarm.com Holdings, Inc.^(a)		2,494		207,551
Alkami Technology, Inc.^(a)		616		19,275
Altair Engineering, Inc., Class A^(a)		2,206		153,891
Alteryx, Inc., Class A^(a)(b)		2,982		230,807
American Software, Inc., Class A		1,641		36,102
Anaplan, Inc.^(a)		7,165		409,838
ANSYS, Inc.^(a)		4,425		1,630,435
Appfolio, Inc., Class A^(a)(b)		933		132,113
Appian Corp.^(a)(b)		1,992		231,929
Asana, Inc., Class A^(a)		3,691		262,282
Aspen Technology, Inc.^(a)		3,510		513,373
Atlassian Corp. PLC, Class A^(a)(b)		7,127		2,317,130
Autodesk, Inc.^(a)		11,345		3,643,220
Avalara, Inc.^(a)		4,300		718,831
Avaya Holdings Corp.^(a)		4,062		98,382
Benefitfocus, Inc.^(a)		1,165		15,331
Bentley Systems, Inc., Class B		6,780		412,292
Bill.Com Holdings, Inc.^(a)		3,850		796,257
Black Knight, Inc.^(a)		7,685		636,395
Blackbaud, Inc.^(a)		2,423		172,833
Blackline, Inc.^(a)		2,659		304,163
Bottomline Technologies DE, Inc.^(a)		1,955		78,904
Box, Inc., Class A^(a)		7,510		179,639
BTRS Holdings, Inc.^(a)		2,403		28,139
C3.AI, Inc., Class A^(a)		1,221		61,477
Cadence Design Systems, Inc.^(a)		14,153		2,089,690
CDK Global, Inc.		6,071		291,347
Cerence, Inc.^(a)(b)		1,926		207,064
Ceridian HCM Holding, Inc.^(a)		6,537		643,241


Security	Shares		Value

Software (continued)
ChannelAdvisor Corp.^(a)		1,810	$	42,155
Citrix Systems, Inc.		6,516		656,487
Cleanspark, Inc.^(a)(b)		1,688		22,788
Cloudera, Inc.^(a)		11,666		185,139
Cloudflare, Inc., Class A^(a)		12,939		1,534,954
CommVault Systems, Inc.^(a)		2,246		169,775
Cornerstone OnDemand, Inc.^(a)		3,093		148,278
Coupa Software, Inc.^(a)		3,803		825,251
Crowdstrike Holdings, Inc., Class A^(a)		8,264		2,095,833
Datadog, Inc., Class A^(a)		11,681		1,293,087
Datto Holding Corp.^(a)		1,098		28,647
Digimarc Corp.^(a)(b)		495		14,206
Digital Turbine, Inc.^(a)		4,575		287,996
DocuSign, Inc.^(a)		9,819		2,926,455
Dolby Laboratories, Inc., Class A		3,218		312,468
Domo, Inc., Class B^(a)		1,416		125,075
DoubleVerify Holdings, Inc.^(a)		760		26,296
Dropbox, Inc., Class A^(a)		15,369		483,970
Duck Creek Technologies, Inc.^(a)		3,777		165,924
Dynatrace, Inc.^(a)		9,384		599,356
E2open Parent Holdings, Inc.^(a)		2,093		21,035
Ebix, Inc.		1,492		45,088
eGain Corp.^(a)		724		8,449
Elastic NV^(a)		3,456		511,695
Envestnet, Inc.^(a)		3,272		246,153
Everbridge, Inc.^(a)(b)		1,898		268,036
Fair Isaac Corp.^(a)		1,448		758,622
FireEye, Inc.^(a)		11,499		232,280
Five9, Inc.^(a)		3,497		703,911
Fortinet, Inc.^(a)		7,312		1,990,619
GTY Technology Holdings, Inc.^(a)(b)		2,386		16,511
Guidewire Software, Inc.^(a)		4,283		493,402
HubSpot, Inc.^(a)		2,298		1,369,654
Intelligent Systems Corp.^(a)		318		10,745
InterDigital, Inc.		1,610		106,083
Intuit, Inc.		13,362		7,081,459
j2 Global, Inc.^(a)		2,238		316,162
Jamf Holding Corp.^(a)(b)		2,776		91,081
JFrog Ltd.^(a)(b)		2,583		113,187
LivePerson, Inc.^(a)		3,328		211,960
Manhattan Associates, Inc.^(a)		3,201		510,976
Marathon Digital Holdings, Inc.^(a)(b)		4,804		132,734
McAfee Corp., Class A		2,331		63,100
Medallia, Inc.^(a)		5,251		177,851
Microsoft Corp.		390,593		111,283,852
MicroStrategy, Inc., Class A^(a)		397		248,526
Mimecast Ltd.^(a)		3,083		171,261
Mitek Systems, Inc.^(a)		2,481		54,855
Model N, Inc.^(a)(b)		2,003		64,837
Momentive Global, Inc.^(a)		6,429		135,009
N-Able, Inc.^(a)		1,754		24,205
nCino Inc.^(a)(b)		2,451		155,810
New Relic, Inc.^(a)		2,815		194,460
NortonLifeLock, Inc.		28,711		712,607
Nuance Communications, Inc.^(a)		14,867		816,198
Nutanix, Inc., Class A^(a)		9,828		354,005
ON24, Inc.^(a)(b)		798		29,143
OneSpan, Inc.^(a)		1,431		35,303
Oracle Corp.		90,927		7,923,379
PagerDuty, Inc.^(a)(b)		4,185		169,869
Palantir Technologies, Inc., Class A^(a)		89,052		1,933,319
Palo Alto Networks, Inc.^(a)		4,911		1,959,734


Security	Shares		Value

Software (continued)
Paycom Software, Inc.^(a)		2,629	$	1,051,600
Paylocity Holding Corp.^(a)		1,936		401,643
Pegasystems, Inc.		2,046		261,151
Ping Identity Holding Corp.^(a)		2,527		55,771
Progress Software Corp.		2,301		104,903
Proofpoint, Inc.^(a)		3,004		524,679
PROS Holdings, Inc.^(a)		2,060		89,445
PTC, Inc.^(a)		5,344		723,845
Q2 Holdings, Inc.^(a)		2,732		282,243
QAD, Inc., Class A		600		52,050
Qualys, Inc.^(a)		1,745		177,222
Rapid7, Inc.^(a)		2,741		311,789
Rimini Street, Inc.^(a)		3,501		30,424
RingCentral, Inc., Class A^(a)		4,152		1,109,705
Riot Blockchain, Inc.^(a)(b)		4,243		139,807
SailPoint Technologies Holding, Inc.^(a)		4,560		227,954
salesforce.com, Inc.^(a)		48,127		11,643,365
Sapiens International Corp. NV		1,182		29,798
SecureWorks Corp., Class A^(a)		607		12,176
ServiceNow, Inc.^(a)		10,145		5,964,144
ShotSpotter, Inc.^(a)		707		32,310
Smartsheet, Inc., Class A^(a)		6,061		439,725
Splunk, Inc.^(a)		8,476		1,203,422
Sprout Social, Inc., Class A^(a)		2,205		195,892
SPS Commerce, Inc.^(a)		1,818		198,071
SS&C Technologies Holdings, Inc.		11,615		910,500
Sumo Logic, Inc.^(a)		4,469		92,285
Synopsys, Inc.^(a)		7,815		2,250,642
Telos Corp.^(a)		781		21,884
Tenable Holdings, Inc.^(a)		4,633		198,292
Teradata Corp.^(a)		5,538		275,017
Trade Desk, Inc., Class A^(a)		22,198		1,818,238
Tyler Technologies, Inc.^(a)		2,092		1,030,603
Unity Software, Inc.^(a)(b)		7,671		821,717
Upland Software, Inc.^(a)		1,510		54,360
Varonis Systems, Inc.^(a)		5,294		323,993
Verint Systems, Inc.^(a)		3,361		143,414
Veritone, Inc.^(a)		1,045		21,611
Viant Technology, Inc., Class A^(a)		883		15,267
VirnetX Holding Corp.^(a)		2,642		10,832
VMware, Inc., Class A^(a)(b)		4,183		643,094
Vonage Holdings Corp.^(a)		11,572		165,017
Workday, Inc., Class A^(a)		9,535		2,235,004
Workiva, Inc.^(a)(b)		2,091		271,349
Xperi Holding Corp.		5,535		114,962
Yext, Inc.^(a)		5,854		76,278
Zendesk, Inc.^(a)		6,115		798,191
Zix Corp.^(a)		2,268		16,806
Zoom Video Communications, Inc., Class A^(a)		10,997		4,157,966
Zscaler, Inc.^(a)		4,013		946,707
Zuora, Inc., Class A^(a)		5,649		97,671

				228,816,760

Specialty Retail — 2.3%
Aaron’s Co., Inc.		1,983		57,249
Abercrombie & Fitch Co., Class A^(a)		3,245		122,693
Academy Sports & Outdoors, Inc.^(a)		3,216		119,153
Advance Auto Parts, Inc.		3,336		707,432
American Eagle Outfitters, Inc.		7,773		267,935
America’s Car-Mart, Inc.^(a)		281		44,679
Asbury Automotive Group, Inc.^(a)		961		197,447
AutoNation, Inc.^(a)		2,617		317,521
AutoZone, Inc.^(a)		1,134		1,841,128


Security	Shares		Value

Specialty Retail (continued)
Barnes & Noble Education, Inc.^(a)		2,311	$	19,297
Bath & Body Works, Inc.^(a)		12,266		982,139
Bed Bath & Beyond, Inc.^(a)		5,363		153,060
Best Buy Co., Inc.		12,948		1,454,708
Big 5 Sporting Goods Corp.		1,094		23,980
Blink Charging Co.^(a)(b)		1,842		63,604
Boot Barn Holdings, Inc.^(a)		1,527		131,963
Buckle, Inc.^(b)		1,687		70,989
Burlington Stores, Inc.^(a)		3,433		1,149,368
Caleres, Inc.		2,081		51,484
Camping World Holdings, Inc., Class A		2,185		86,002
CarLotz, Inc.^(a)(b)		3,902		17,325
CarMax, Inc.^(a)		8,450		1,131,877
Carvana Co.^(a)		3,976		1,342,139
Cato Corp., Class A		507		8,366
Chico’s FAS, Inc.^(a)		7,580		46,844
Children’s Place, Inc.^(a)		869		73,283
Citi Trends, Inc.^(a)		548		43,703
Conn’s, Inc.^(a)		641		14,256
Container Store Group, Inc.^(a)(b)		1,057		11,120
Designer Brands, Inc., Class A^(a)		3,326		48,460
Dick’s Sporting Goods, Inc.		3,215		334,810
Five Below, Inc.^(a)		2,845		553,125
Floor & Decor Holdings, Inc., Class A^(a)		5,149		628,229
Foot Locker, Inc.		4,608		262,932
GameStop Corp., Class A^(a)(b)		2,997		482,877
Gap, Inc.		10,235		298,555
Genesco, Inc.^(a)		625		35,906
Group 1 Automotive, Inc.		957		166,269
GrowGeneration Corp.^(a)		2,856		116,154
Guess?, Inc.		1,837		41,002
Haverty Furniture Cos., Inc.		1,048		37,718
Hibbett, Inc.		760		67,382
Home Depot, Inc.		55,765		18,301,515
Kirkland’s, Inc.^(a)(b)		980		19,071
Leslie’s, Inc.^(a)(b)		5,527		134,582
Lithia Motors, Inc.		1,475		556,400
Lowe’s Cos., Inc.		37,018		7,132,998
Lumber Liquidators Holdings, Inc.^(a)		1,004		19,156
MarineMax, Inc.^(a)		887		47,712
Monro, Inc.		1,675		97,150
Murphy USA, Inc.		1,316		194,123
National Vision Holdings, Inc.^(a)		4,171		225,151
ODP Corp.^(a)		2,695		127,554
OneWater Marine, Inc., Class A		684		32,134
O’Reilly Automotive, Inc.^(a)		3,552		2,144,840
Party City Holdco, Inc.^(a)		5,630		48,080
Penske Automotive Group, Inc.		1,645		145,747
Petco Health & Wellness Co., Inc.^(a)(b)		3,824		78,889
Rent-A-Center, Inc.		3,350		191,687
RH^(a)		904		600,328
Ross Stores, Inc.		18,113		2,222,284
Sally Beauty Holdings, Inc.^(a)		5,601		105,971
Shift Technologies, Inc.^(a)(b)		3,114		26,313
Shoe Carnival, Inc.		744		25,073
Signet Jewelers Ltd.		2,660		171,144
Sleep Number Corp.^(a)		1,237		122,723
Sonic Automotive, Inc., Class A		1,309		71,406
Sportsman’s Warehouse Holdings, Inc.^(a)		1,930		34,103
Tilly’s, Inc., Class A		598		8,868
TJX Cos., Inc.		63,954		4,400,675
Tractor Supply Co.		5,964		1,079,067


Security	Shares		Value

Specialty Retail (continued)
TravelCenters of America, Inc.^(a)		768	$	22,211
Ulta Beauty, Inc.^(a)		2,797		939,233
Urban Outfitters, Inc.^(a)		3,600		133,848
Vroom, Inc.^(a)(b)		5,849		216,647
Williams-Sonoma, Inc.		3,952		599,518
Winmark Corp.		85		17,920
Zumiez, Inc.^(a)		980		42,777

				53,961,061

Technology Hardware, Storage & Peripherals — 5.3%
3D Systems Corp.^(a)		6,195		170,610
Apple, Inc.		814,176		118,755,711
Avid Technology, Inc.^(a)		1,825		68,237
Corsair Gaming, Inc.^(a)(b)		1,838		53,651
Dell Technologies, Inc., Class C^(a)		14,206		1,372,584
Diebold Nixdorf, Inc.^(a)		2,781		28,950
Eastman Kodak Co.^(a)(b)		1,722		12,708
Hewlett Packard Enterprise Co.		67,893		984,448
HP, Inc.		64,372		1,858,420
NCR Corp.^(a)		6,570		291,708
NetApp, Inc.		11,567		920,618
Pure Storage, Inc., Class A^(a)		13,698		267,385
Quantum Corp.^(a)		2,963		18,371
Super Micro Computer, Inc.^(a)		1,968		74,863
Turtle Beach Corp.^(a)(b)		776		23,978
Western Digital Corp.^(a)		15,948		1,035,504
Xerox Holdings Corp.		8,090		195,212

				126,132,958

Textiles, Apparel & Luxury Goods — 0.8%
Capri Holdings Ltd.^(a)		7,509		422,832
Carter’s, Inc.		2,211		216,103
Columbia Sportswear Co.		2,136		212,788
Crocs, Inc.^(a)		3,287		446,407
Deckers Outdoor Corp.^(a)		1,468		603,128
Fossil Group, Inc.^(a)		3,093		39,034
G-III Apparel Group Ltd.^(a)(b)		2,509		74,919
Hanesbrands, Inc.		17,203		314,127
Kontoor Brands, Inc.		2,676		148,197
Lululemon Athletica, Inc.^(a)		5,873		2,350,198
Movado Group, Inc.		450		13,531
NIKE, Inc., Class B		64,486		10,802,050
Oxford Industries, Inc.		853		74,151
PLBY Group, Inc.^(a)(b)		595		16,767
PVH Corp.^(a)		3,621		378,829
Ralph Lauren Corp.		2,397		272,107
Rocky Brands, Inc.		309		16,810
Skechers USA, Inc., Class A^(a)		6,834		366,849
Steven Madden Ltd.		4,189		183,604
Superior Group of Cos., Inc.		916		21,444
Tapestry, Inc.^(a)		14,397		608,993
Under Armour, Inc., Class A^(a)		10,194		208,467
Under Armour, Inc., Class C^(a)		9,628		168,683
Unifi, Inc.^(a)		322		7,596
Vera Bradley, Inc.^(a)		696		7,663
VF Corp.		16,774		1,345,275
Wolverine World Wide, Inc.		4,311		144,591

				19,465,143

Thrifts & Mortgage Finance — 0.1%
Axos Financial, Inc.^(a)		2,871		137,377
Bridgewater Bancshares, Inc.^(a)		1,355		21,978
Capitol Federal Financial, Inc.		5,759		63,867
Columbia Financial, Inc.^(a)		2,444		44,090


Security	Shares		Value

Thrifts & Mortgage Finance (continued)
Essent Group Ltd.		5,706	$	257,740
Federal Agricultural Mortgage Corp., Class C		456		44,460
Flagstar Bancorp, Inc.		2,381		108,955
Hingham Institution for Savings		79		23,621
Home Bancorp, Inc.		190		6,673
HomeStreet, Inc.		954		35,975
Kearny Financial Corp.		3,052		36,716
Merchants Bancorp		405		14,839
Meridian Bancorp, Inc.		3,579		68,395
Meta Financial Group, Inc.		1,236		61,429
MGIC Investment Corp.		17,887		247,556
Mr Cooper Group, Inc.^(a)		3,773		140,280
New York Community Bancorp, Inc.		24,685		290,789
NMI Holdings, Inc., Class A^(a)		4,380		96,448
Northfield Bancorp, Inc.		1,190		19,575
Northwest Bancshares, Inc.		4,246		56,514
Ocwen Financial Corp.^(a)		722		18,880
PCSB Financial Corp.		450		8,118
PennyMac Financial Services, Inc.		1,842		115,843
Premier Financial Corp.		1,940		51,953
Provident Bancorp, Inc.		875		13,808
Provident Financial Services, Inc.		3,731		80,590
Radian Group, Inc.		10,004		225,890
Rocket Cos., Inc., Class A		6,899		118,939
Southern Missouri Bancorp, Inc.		347		15,573
TFS Financial Corp.		3,225		62,823
TrustCo Bank Corp.		719		24,180
UWM Holdings Corp.^(b)		2,444		18,648
Walker & Dunlop, Inc.		1,493		154,496
Washington Federal, Inc.		4,414		142,440
Waterstone Financial, Inc.		804		15,863
WSFS Financial Corp.		2,055		89,968

				2,935,289

Tobacco — 0.5%
22nd Century Group, Inc.^(a)(b)		7,514		24,120
Altria Group, Inc.		95,365		4,581,334
Philip Morris International, Inc.		80,196		8,026,818
Turning Point Brands, Inc.		705		37,379
Universal Corp.		1,325		69,112
Vector Group Ltd.		7,931		105,958

				12,844,721

Trading Companies & Distributors — 0.3%
Air Lease Corp.		5,458		231,201
Alta Equipment Group, Inc.^(a)		1,686		21,227
Applied Industrial Technologies, Inc.		1,995		178,951
Beacon Roofing Supply, Inc.^(a)		2,873		153,648
BlueLinx Holdings, Inc.^(a)		482		20,707
Boise Cascade Co.		1,918		98,106
CAI International, Inc.		968		54,024
Custom Truck One Source, Inc.^(a)		2,724		21,220
DXP Enterprises, Inc.^(a)		556		18,153
EVI Industries, Inc.^(a)		262		7,058
Fastenal Co.		29,583		1,620,261
GATX Corp.		1,891		174,445
Global Industrial Co.		1,009		39,876


Security	Shares		Value

Trading Companies & Distributors (continued)
GMS, Inc.^(a)		2,440	$	119,877
H&E Equipment Services, Inc.		1,772		60,301
Herc Holdings, Inc.^(a)(b)		1,299		161,128
Lawson Products, Inc.^(a)		255		13,385
McGrath RentCorp		1,253		98,260
MRC Global, Inc.^(a)		4,647		42,613
MSC Industrial Direct Co., Inc., Class A		2,382		212,403
NOW, Inc.^(a)		6,770		66,820
Rush Enterprises, Inc., Class A		1,789		84,065
Rush Enterprises, Inc., Class B		399		17,508
SiteOne Landscape Supply, Inc.^(a)		2,258		394,653
Textainer Group Holdings Ltd.^(a)		2,893		93,386
Titan Machinery, Inc.^(a)		1,169		33,351
Transcat, Inc.^(a)		348		22,220
Triton International Ltd.		3,372		178,008
United Rentals, Inc.^(a)		3,732		1,229,881
Univar Solutions, Inc.^(a)		8,787		215,633
Veritiv Corp.^(a)		789		48,350
W.W. Grainger, Inc.		2,397		1,065,658
Watsco, Inc.		1,668		471,110
WESCO International, Inc.^(a)		2,266		241,216

				7,508,703

Transportation Infrastructure — 0.0%
Macquarie Infrastructure Corp.		3,821		150,930


Water Utilities — 0.1%
American States Water Co.		2,002		176,817
American Water Works Co., Inc.		9,332		1,587,467
Artesian Resources Corp., Class A		493		19,266
Cadiz, Inc.^(a)(b)		459		6,219
California Water Service Group		2,801		175,567
Essential Utilities, Inc.		11,676		573,525
Global Water Resources, Inc.		881		15,523
Middlesex Water Co.		903		91,871
Pure Cycle Corp.^(a)		1,623		25,092
SJW Group		1,481		102,085
York Water Co.		673		32,479

				2,805,911

Wireless Telecommunication Services — 0.2%
Gogo, Inc.^(a)		2,125		22,036
Shenandoah Telecommunications Co.		2,672		141,055
Telephone & Data Systems, Inc.		5,293		118,298
T-Mobile US, Inc.^(a)		30,358		4,372,159
United States Cellular Corp.^(a)(b)		1,024		37,233

				4,690,781


Total Common Stocks — 98.6% (Cost: $1,472,532,874)				2,326,935,865


Security	Shares		Value

Investment Companies

Equity Funds — 0.8%
iShares Russell 3000 ETF^(d)		68,392	$	17,801,070


Total Investment Companies — 0.8% (Cost: $14,687,963)				17,801,070


Total Long-Term Investments — 99.4% (Cost: $1,487,220,837)				2,344,736,935


Short-Term Securities

Money Market Funds — 1.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.09%^(d)(f)(g)		28,762,537		28,776,918
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.01%^(d)(f)		12,326,350		12,326,350


Total Short-Term Securities — 1.7% (Cost: $41,095,142)				41,103,268


Total Investments — 101.1% (Cost: $1,528,315,979)				2,385,840,203

Liabilities in Excess of Other Assets — (1.1)%				(26,065,246	)


Net Assets — 100.0%			$	2,359,774,957

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the year ended July 31, 2021, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

BlackRock Funds^SM (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is organized as a Massachusetts business trust. The following, each of which is a series of the Trust, are referred to herein collectively as the “Funds” or individually as a “Fund”:

Each Fund offers multiple classes of shares. All classes of shares have identical voting, dividend, liquidation and other rights and are subject to the same terms and conditions, except that certain classes bear expenses related to the shareholder servicing of such shares. Institutional and Class K Shares are sold only to certain eligible investors. Investor A Shares bear certain expenses related to shareholder servicing of such shares. Investor A Shares are generally available through financial intermediaries. Each class has exclusive voting rights with respect to matters relating to its shareholder servicing and distribution expenditures.

The Funds, together with certain other registered investment companies advised by BlackRock Advisors, LLC (the “Manager”) or its affiliates, are included in a complex of equity, multi-asset, index and money market funds referred to as the BlackRock Multi-Asset Complex.

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend dates. Non-cash dividends, if any, are recorded on the ex-dividend dates at fair value. Dividends from foreign securities where the ex-dividend dates may have passed are subsequently recorded when the Funds are informed of the ex-dividend dates. Under the applicable foreign tax laws, a withholding tax at various rates may be imposed on capital gains, dividends and interest. Upon notification from issuers, a portion of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Income, expenses and realized and unrealized gains and losses are allocated daily to each class based on its relative net assets.

Foreign Taxes: The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain foreign currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which each Fund invests. These foreign taxes, if any, are paid by each Fund and are reflected in its Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign taxes on stock dividends are presented as “Foreign taxes withheld”, and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactions are included in their respective net realized gain (loss) categories. Foreign taxes payable or deferred as of July 31, 2021, if any, are disclosed in the Statements of Assets and Liabilities.

The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Statements of Operations include tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.

Segregation and Collateralization: In cases where a Fund enters into certain investments (e.g., futures contracts) that would be treated as “senior securities” for 1940 Act purposes, a Fund may segregate or designate on its books and records cash or liquid assets having a market value at least equal to the amount of its future obligations under such investments. Doing so allows the investment to be excluded from treatment as a “senior security.” Furthermore, if required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments or obligations.

Distributions: Distributions paid by the Funds are recorded on the ex-dividend dates. The character and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ from U.S. GAAP.

Indemnifications: In the normal course of business, a Fund enters into contracts that contain a variety of representations that provide general indemnification. A Fund’s maximum exposure under these arrangements is unknown because it involves future potential claims against a Fund, which cannot be predicted with any certainty.

Other: Expenses directly related to a Fund or its classes are charged to that Fund or the applicable class. Expenses directly related to the Funds and other shared expenses prorated to the Funds are allocated daily to each class based on their relative net assets or other appropriate methods. Other operating expenses shared by several funds, including other funds managed by the Manager, are prorated among those funds on the basis of relative net assets or other appropriate methods.

Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund is open for business and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under policies approved by the Board of Trustees of the Trust (the “Board”). If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with a policy approved by the Board as reflecting fair value. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) is the committee formed by management to develop global pricing policies and procedures and to oversee the pricing function for all financial instruments.

Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:

Generally, trading in foreign instruments is substantially completed each day at various times prior to the close of trading on the New York Stock Exchange (“NYSE”). Each business day, the Funds use current market factors supplied by independent pricing services to value certain foreign instruments (“Systematic Fair Value Price”). The Systematic Fair Value Price is designed to value such foreign securities at fair value as of the close of trading on the NYSE, which follows the close of the local markets.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Global Valuation Committee, or its delegate, in accordance with a policy approved by the Board as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Global Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Global Valuation Committee, or its delegate, seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Global Valuation Committee, or its delegate, deems relevant and consistent with the principles of fair value measurement. The pricing of all Fair Valued Investments is subsequently reported to the Board or a committee thereof on a quarterly basis.

For investments in equity or debt issued by privately held companies or funds (“Private Company” or collectively, the “Private Companies”) and other Fair Valued Investments, the fair valuation approaches that are used by the Global Valuation Committee and third party pricing services utilize one or a combination of, but not limited to, the following inputs.

Investments in series of preferred stock issued by Private Companies are typically valued utilizing market approach in determining the enterprise value of the company. Such investments often contain rights and preferences that differ from other series of preferred and common stock of the same issuer. Enterprise valuation techniques such as an option pricing model (“OPM”), a probability weighted expected return model (“PWERM”), current value method or a hybrid of those techniques are used, as deemed appropriate under the circumstances. The use of these valuation techniques involve a determination of the exit scenarios of the investment in order to appropriately allocate the enterprise value of the company among the various parts of its capital structure.

The Private Companies are not subject to the public company disclosure, timing, and reporting standards applicable to other investments held by a Fund. Typically, the most recently available information by a Private Company is as of a date that is earlier than the date a Fund is calculating its NAV. This factor may result in a difference between the value of the investment and the price a Fund could receive upon the sale of the investment.

Fair Value Hierarchy: Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by Private Companies that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

Securities Lending: Certain Funds may lend their securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Funds collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. During the term of the loan, the Funds are entitled to all distributions made on or in respect of the loaned securities, but do not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested by the securities lending agent, BlackRock Institutional Trust Company, N.A. (“BTC”), if any, is disclosed in the Schedules of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are disclosed in the Funds’ Schedules of Investments. The market value of any securities on loan and the value of any related collateral are shown separately in the Statements of Assets and Liabilities as a component of investments at value – unaffiliated and collateral on securities loaned at value, respectively.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”), which provide the right, in the event of default (including bankruptcy or insolvency), for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

As of period end, the following table is a summary of the Funds’ securities on loan by counterparty which are subject to offset under an MSLA:

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, the Funds benefit from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value on the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by the Funds.

The Funds engage in various portfolio investment strategies using derivative contracts both to increase the returns of the Funds and/or to manage their exposure to certain risks such as credit risk, equity risk, interest rate risk, foreign currency exchange rate risk, commodity price risk or other risks (e.g., inflation risk). Derivative financial instruments categorized by risk exposure are included in the Schedules of Investments. These contracts may be transacted on an exchange or over-the-counter (“OTC”).

Futures Contracts: Futures contracts are purchased or sold to gain exposure to, or manage exposure to, changes in interest rates (interest rate risk) and changes in the value of equity securities (equity risk) or foreign currencies (foreign currency exchange rate risk).

Futures contracts are exchange-traded agreements between the Funds and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and on a specified date. Depending on the terms of a contract, it is settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash amount on the settlement date. Upon entering into a futures contract, the Funds are required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on a contract’s size and risk profile. The initial margin deposit must then be maintained at an established level over the life of the contract. Amounts pledged, which are considered restricted, are included in cash pledged for futures contracts in the Statements of Assets and Liabilities.

Securities deposited as initial margin are designated in the Schedules of Investments and cash deposited, if any, are shown as cash pledged for futures contracts in the Statements of Assets and Liabilities. Pursuant to the contract, the Funds agree to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract (“variation margin”). Variation margin is recorded as unrealized appreciation (depreciation) and, if any, shown as variation margin receivable (or payable) on futures contracts in the Statements of Assets and Liabilities. When the contract is closed, a realized gain or loss is recorded in the Statements of Operations equal to the difference between the notional amount of the contract at the time it was opened and the notional amount at the time it was closed. The use of futures contracts involves the risk of an imperfect correlation in the movements in the price of futures contracts and interest rates, foreign currency exchange rates or underlying assets.

Investment Advisory: The Trust, on behalf of each Fund, entered into an Investment Advisory Agreement with the Manager, the Funds’ investment adviser and an indirect, wholly-owned subsidiary of BlackRock, to provide investment advisory and administrative services. The Manager is responsible for the management of each Fund’s portfolio and provides the personnel, facilities, equipment and certain other services necessary to the operations of each Fund.

For such services, each Fund pays the Manager a monthly fee at an annual rate equal to the following percentages of the average daily value of each Fund’s net assets:

With respect to each Fund, the Manager entered into separate sub-advisory agreements with BlackRock Fund Advisors (“BFA”), an affiliate of the Manager. The Manager pays BFA for services it provides for that portion of each Fund for which BFA acts as sub-adviser, a monthly fee that is equal to a percentage of the investment advisory fees paid by each Fund to the Manager.

Service Fees: The Trust, on behalf of the Funds, entered into a Distribution Agreement and a Distribution and Service Plan with BlackRock Investments, LLC (“BRIL”), an affiliate of the Manager. Pursuant to the Distribution and Service Plan and in accordance with Rule 12b-1 under the 1940 Act, each Fund pays BRIL ongoing service fees. The fees are accrued daily and paid monthly at annual rates based upon the average daily net assets of the relevant share class of each Fund as follows:

BRIL and broker-dealers, pursuant to sub-agreements with BRIL, provide shareholder servicing to the Funds. The ongoing service fee compensates BRIL and each broker-dealer for providing shareholder servicing related services to shareholders.

For the year ended July 31, 2021, the following table shows the class specific service fees borne directly by each share class of each Fund:

Transfer Agent: Pursuant to written agreements, certain financial intermediaries, some of which may be affiliates, provide the Funds with sub-accounting, recordkeeping, sub-transfer agency and other administrative services with respect to servicing of underlying investor accounts. For these services, these entities receive an asset-based fee or an annual fee per shareholder account, which will vary depending on share class and/or net assets. For the year ended July 31, 2021, the Funds did not pay any amounts to affiliates in return for these services.

The Manager maintains a call center that is responsible for providing certain shareholder services to the Funds. Shareholder services include responding to inquiries and processing purchases and sales based upon instructions from shareholders. For the year ended July 31, 2021, each Fund reimbursed the Manager the following amounts for costs incurred in running the call center, which are included in transfer agent — class specific in the Statements of Operations:

For the year ended July 31, 2021, the following table shows the class specific transfer agent fees borne directly by each share class of each Fund:

Expense Limitations, Waivers, Reimbursements, and Recoupments: With respect to each Fund, the Manager contractually agreed to waive its investment advisory fees by the amount of investment advisory fees each Fund pays to the Manager indirectly through its investment in affiliated money market funds (the “affiliated money market fund waiver”) through November 30, 2021. The contractual agreement may be terminated upon 90 days’ notice by a majority of the trustees who are not “interested persons” of the Trust, as defined in the 1940 Act (“Independent Trustees”), or by a vote of a majority of the outstanding voting securities of a Fund. The amount of waivers and/or reimbursements of fees and expenses made pursuant to the expense limitation described below will be reduced by the amount of the affiliated money market fund waiver. These amounts are included in fees waived and/or reimbursed by the Manager in the Statements of Operations. For the year ended July 31, 2021, the amounts waived were as follows:

The Manager has contractually agreed to waive its investment advisory fee with respect to any portion of each Fund’s assets invested in affiliated equity and fixed-income mutual funds and affiliated exchange-traded funds that have a contractual management fee through November 30, 2021. The contractual agreement may be terminated upon 90 days’ notice by a majority of the Independent Trustees, or by a vote of a majority of the outstanding voting securities of a Fund. These amounts are included in fees waived and/or reimbursed by the Manager in the Statements of Operations. For the year ended July 31, 2021, the amounts waived in investment advisory fees pursuant to these arrangements were as follows:

With respect to each Fund, the Manager contractually agreed to waive and/or reimburse fees or expenses in order to limit expenses, excluding interest expense, dividend expense, tax expense, acquired fund fees and expenses, and certain other fund expenses, which constitute extraordinary expenses not incurred in the ordinary course of each Fund’s business (“expense limitation”). The expense limitations as a percentage of average daily net assets are as follows:

The Manager has agreed not to reduce or discontinue the contractual expense limitations through November 30, 2021, unless approved by the Board, including a majority of the Independent Trustees, or by a vote of a majority of the outstanding voting securities of a Fund. For the year ended July 31, 2021, amounts included in the Statements of Operations were as follows:

In addition, these amounts waived and/or reimbursed by the Manager are included in transfer agent fees waived and/or reimbursed — class specific in the Statements of Operations. For the year ended July 31, 2021, class specific expense waivers and/or reimbursements are as follows:

With respect to the contractual expense limitation, if during a Fund’s fiscal year the operating expenses of a share class, that at any time during the prior two fiscal years received a waiver and/or reimbursement from the Manager, are less than the current expense limitation for that share class, the Manager is entitled to be reimbursed by such share class up to the lesser of: (a) the amount of fees waived and/or expenses reimbursed during those prior two fiscal years under the agreement and (b) an amount not to exceed either the current expense limitation of that share class or the expense limitation of the share class in effect at the time that the share class received the applicable waiver and/or reimbursement, provided that:

This repayment applies only to the contractual expense limitation on net expenses and does not apply to the contractual investment advisory fee waiver described above or any voluntary waivers that may be in effect from time to time. Effective August 13, 2022 for Small/Mid-Cap Index and Total U.S. Stock Market Index and effective May 13, 2022 for Mid-Cap Index, the repayment arrangement between each Fund and the Manager pursuant to which such Fund may be required to repay amounts waived and/or reimbursed under each Fund’s contractual caps on net expenses will be terminated.

For the year ended July 31, 2021, the Manager recouped the following fund level and class specific waivers and/or reimbursements previously recorded by the Funds:

As of July 31, 2021, the fund level and class specific waivers and/or reimbursements subject to possible future recoupment under the expense limitation agreement are as follows:

The following fund level and class specific waivers and/or reimbursements previously recorded by the Funds, which were subject to recoupment by the Manager, expired on July 31, 2021:

Securities Lending: The U.S. Securities and Exchange Commission (“SEC”) has issued an exemptive order which permits BTC, an affiliate of the Manager, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending. The Funds are responsible for fees in connection with the investment of cash collateral received for securities on loan (the “collateral investment fees”). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by the Manager or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees the Funds bear to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. The money market fund in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value redeemed or temporarily restrict redemptions for up to 10 business days during a 90 day period, in the event that the money market fund’s weekly liquid assets fall below certain thresholds.

Securities lending income is equal to the total of income earned from the reinvestment of cash collateral, net of fees and other payments to and from borrowers of securities, and less the collateral investment fees. Each Fund retains a portion of securities lending income and remits a remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 77% of securities lending income (which excludes collateral investment fees), and this amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income earned across the BlackRock Multi-Asset Complex in a calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year securities lending income in an amount equal to 81% of securities lending income (which excludes collateral investment fees), and this amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

Prior to January 1, 2021, each Fund retained 75% of securities lending income (which excluded collateral investment fees) and the amount retained could never be less than 70% of the total of securities lending income plus the collateral investment fees. In addition, commencing the business day following the date that the aggregate securities lending income earned across the BlackRock Multi-Asset Complex in a calendar year exceeded a specified threshold, the Fund would retain for the remainder of that calendar year 80% of securities lending income (which excluded collateral investment fees), and the amount retained could never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income — affiliated — net in the Statements of Operations. For the year ended July 31, 2021, each Fund paid BTC the following amounts for securities lending agent services:

Interfund Lending: In accordance with an exemptive order (the “Order”) from the SEC, each Fund may participate in a joint lending and borrowing facility for temporary purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by each Fund’s investment policies and restrictions. Each Fund is currently permitted to borrow and lend under the Interfund Lending Program.

A lending BlackRock fund may lend in aggregate up to 15% of its net assets, but may not lend more than 5% of its net assets to any one borrowing fund through the Interfund Lending Program. A borrowing BlackRock fund may not borrow through the Interfund Lending Program or from any other source more than 33 1/3% of its total assets (or any lower threshold provided for by the fund’s investment restrictions). If a borrowing BlackRock fund’s total outstanding borrowings exceed 10% of its total assets, each of its outstanding interfund loans will be subject to collateralization of at least 102% of the outstanding principal value of the loan. All interfund loans are for temporary or emergency purposes and the interest rate to be charged will be the average of the highest current overnight repurchase agreement rate available to a lending fund and the bank loan rate, as calculated according to a formula established by the Board.

During the year ended July 31, 2021, the Funds did not participate in the Interfund Lending Program.

Trustees and Officers: Certain trustees and/or officers of the Trust are directors and/or officers of BlackRock or its affiliates. The Funds reimburse the Manager for a portion of the compensation paid to the Trusts’ Chief Compliance Officer, which is included in Trustees and Officer in the Statements of Operations.

Other Transactions: The Funds may purchase securities from, or sell securities to, an affiliated fund provided the affiliation is due solely to having a common investment adviser, common officers, or common trustees. For the year ended July 31, 2021, the purchase and sale transactions and any net realized gains (losses) with affiliated funds in compliance with Rule 17a-7 under the 1940 Act were as follows:

For the year ended July 31, 2021, purchases and sales of investments, excluding short-term investments, were as follows:

It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on each Fund’s U.S. federal tax returns generally remains open for a period of three fiscal years after they are filed. The statutes of limitations on each Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

Management has analyzed tax laws and regulations and their application to the Funds as of July 31, 2021, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAVs per share. As of period end, the following permanent differences attributable to certain deemed distributions were reclassified to the following accounts:

As of period end, the tax components of accumulated earnings (loss) were as follows:

As of July 31, 2021, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

The Trust, on behalf of the Funds, along with certain other funds managed by the Manager and its affiliates (“Participating Funds”), is a party to a 364-day, $2.25 billion credit agreement with a group of lenders. Under this agreement, the Funds may borrow to fund shareholder redemptions. Excluding commitments designated for certain individual funds, the Participating Funds, including the Funds, can borrow up to an aggregate commitment amount of $1.75 billion at any time outstanding, subject to asset coverage and other limitations as specified in the agreement. The credit agreement has the following terms: a fee of 0.10% per annum on unused commitment amounts and interest at a rate equal to the higher of (a) one-month LIBOR (but, in any event, not less than 0.00%) on the date the loan is made plus 0.80% per annum or (b) the Fed Funds rate (but, in any event, not less than 0.00%) in effect from time to time plus 0.80% per annum on amounts borrowed. The agreement expires in April 2022 unless extended or renewed. These fees were allocated among such funds based upon portions of the aggregate commitment available to them and relative net assets of Participating Funds. During the year ended July 31, 2021, the Funds did not borrow under the credit agreement.

In the normal course of business, the Funds invest in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate and price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which each Fund is subject.

The Manager uses a “passive” or index approach to try to achieve each Fund’s investment objective following the securities included in its underlying index during upturns as well as downturns. The Manager does not take steps to reduce market exposure or to lessen the effects of a declining market. Divergence from the underlying index and the composition of the portfolio is monitored by the Manager.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to redemption gates or liquidity fees under certain circumstances.

Market Risk: An outbreak of respiratory disease caused by a novel coronavirus has developed into a global pandemic and has resulted in closing borders, quarantines, disruptions to supply chains and customer activity, as well as general concern and uncertainty. The impact of this pandemic, and other global health crises that may arise in the future, could affect the economies of many nations, individual companies and the market in general in ways that cannot necessarily be foreseen at the present time. This pandemic may result in substantial market volatility and may adversely impact the prices and liquidity of a fund’s investments. The duration of this pandemic and its effects cannot be determined with certainty.

Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A Fund may invest in illiquid investments. An illiquid investment is any investment that a Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A Fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause each Fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a Fund may lose value, regardless of the individual results of the securities and other instruments in which a Fund invests.

The price a Fund could receive upon the sale of any particular portfolio investment may differ from a Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs may significantly impact the resulting fair value and therefore a Fund’s results of operations. As a result, the price received upon the sale of an investment may be less than the value ascribed by a Fund, and a Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment. A Fund’s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third party service providers.

Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform under the contract.

With exchange-traded futures, there is less counterparty credit risk to the Funds since the exchange or clearinghouse, as counterparty to such instruments, guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit risk is limited to failure of the clearinghouse. While offset rights may exist under applicable law, a Fund does not have a contractual right of offset against a clearing broker or clearinghouse in the event of a default (including the bankruptcy or insolvency). Additionally, credit risk exists in exchange-traded futures with respect to initial and variation margin that is held in a clearing broker’s customer accounts. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients, typically the shortfall would be allocated on a pro rata basis across all the clearing broker’s customers, potentially resulting in losses to the Funds.

Concentration Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.

Certain Funds invest a significant portion of their assets in securities within a single or limited number of market sectors. When a Fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions affecting such sectors may have a significant impact on the Fund and could affect the income from, or the value or liquidity of, the Fund’s portfolio. Investment percentages in specific sectors are presented in the Schedules of Investments.

LIBOR Transition Risk: The United Kingdom’s Financial Conduct Authority announced a phase out of the London Interbank Offered Rate (“LIBOR”). Although many LIBOR rates will be phased out by the end of 2021, a selection of widely used USD LIBOR rates will continue to be published through June 2023 in order to assist with the transition. The Funds may be exposed to financial instruments tied to LIBOR to determine payment obligations, financing terms, hedging strategies or investment value. The transition process away from LIBOR might lead to increased volatility and illiquidity in markets for, and reduce the effectiveness of new hedges placed against, instruments whose terms currently include LIBOR. The ultimate effect of the LIBOR transition process on the Funds is uncertain.

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

To the Board of Trustees of BlackRock Funds^SM and Shareholders of iShares Russell Mid-Cap Index Fund, iShares Russell Small/Mid-Cap Index Fund and iShares Total U.S. Stock Market Index Fund

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of iShares Russell Mid-Cap Index Fund, iShares Russell Small/Mid-Cap Index Fund and iShares Total U.S. Stock Market Index Fund (three of the funds constituting BlackRock FundsSM, hereafter collectively referred to as the “Funds”) as of July 31, 2021, the related statements of operations for the year ended July 31, 2021, the statements of changes in net assets for each of the two years in the period ended July 31, 2021, including the related notes, and the financial highlights for each of the five years in the period ended July 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of July 31, 2021, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended July 31, 2021 and each of the financial highlights for each of the five years in the period ended July 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of July 31, 2021 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

We have served as the auditor of one or more BlackRock investment companies since 2000.

The following amount(s), or maximum amount(s) allowable by law, are hereby designated as qualified dividend income for individuals for the fiscal year ended July 31, 2021:

The following amount(s), or maximum amount(s) allowable by law, are hereby designated as qualified business income for individuals for the fiscal year ended July 31, 2021:

The following percentage, or maximum percentage allowable by law, of ordinary income distributions paid during the fiscal year ended July 31, 2021 that qualified for the dividends-received deduction for corporate shareholders:

The Funds hereby designate the following amount(s), or maximum amount(s) allowable by law, as qualified short-term capital gain dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended July 31, 2021:

The Board of Trustees (the “Board,” the members of which are referred to as “Board Members”) of BlackRock Funds^SM (the “Trust”) met on April 7, 2021 (the “April Meeting”) and May 10-12, 2021 (the “May Meeting”) to consider the approval to continue the investment advisory agreement (the “Advisory Agreement”) between the Trust, on behalf of iShares Russell Mid-Cap Index Fund (“Mid-Cap Index Fund”), iShares Russell Small/Mid-Cap Index Fund (“Small/Mid-Cap Index Fund”) and iShares Total U.S. Stock Market Index Fund (“Total U.S. Stock Market Index Fund” and, together with Mid-Cap Index Fund and Small/Mid-Cap Index Fund, the “Funds”), and BlackRock Advisors, LLC (the “Manager”), each Fund’s investment advisor. The Board also considered the approval of the sub-advisory agreement (the “Sub-Advisory Agreement”) between the Manager and BlackRock Fund Advisors (the “Sub-Advisor”) with respect to each Fund. The Manager and the Sub-Advisor are referred to herein as “BlackRock.” The Advisory Agreement and the Sub-Advisory Agreement are referred to herein as the “Agreements.”

Consistent with the requirements of the Investment Company Act of 1940 (the “1940 Act”), the Board considers the approval of the continuation of the Agreements for each Fund on an annual basis. The Board members whom are not “interested persons” of the Trust, as defined in the 1940 Act, are considered independent Board members (the “Independent Board Members”). The Board’s consideration entailed a year-long deliberative process during which the Board and its committees assessed BlackRock’s various services to each Fund, including through the review of written materials and oral presentations, and the review of additional information provided in response to requests from the Independent Board Members. The Board had four quarterly meetings per year, each typically extending for two days, as well as additional ad hoc meetings and executive sessions throughout the year, as needed. The committees of the Board similarly met throughout the year. The Board also had a fifth one-day meeting to consider specific information surrounding the renewal of the Agreements. In particular, the Board assessed, among other things, the nature, extent and quality of the services provided to the Fund by BlackRock, BlackRock’s personnel and affiliates, including (as applicable): investment management services; accounting oversight; administrative and shareholder services; oversight of the Fund’s service providers; risk management and oversight; and legal, regulatory and compliance services. Throughout the year, including during the contract renewal process, the Independent Board Members were advised by independent legal counsel, and met with independent legal counsel in various executive sessions outside of the presence of BlackRock’s management.

During the year, the Board, acting directly and through its committees, considered information that was relevant to its annual consideration of the renewal of the Agreements, including the services and support provided by BlackRock to the Fund and its shareholders. BlackRock also furnished additional information to the Board in response to specific questions from the Board. Among the matters the Board considered were: (a) investment performance for one-year, three-year, five-year, and/or since inception periods, as applicable, against peer funds, an applicable benchmark, and other performance metrics, as applicable, as well as BlackRock senior management’s and portfolio managers’ analyses of the reasons for any outperformance or underperformance relative to its peers, benchmarks, and other performance metrics, as applicable; (b) fees, including advisory, administration, if applicable, and other amounts paid to BlackRock and its affiliates by the Fund for services; (c) Fund operating expenses and how BlackRock allocates expenses to the Fund; (d) the resources devoted to risk oversight of, and compliance reports relating to, implementation of the Fund’s investment objective, policies and restrictions, and meeting regulatory requirements; (e) BlackRock’s and the Trust’s adherence to applicable compliance policies and procedures; (f) the nature, character and scope of non-investment management services provided by BlackRock and its affiliates and the estimated cost of such services, as available; (g) BlackRock’s and other service providers’ internal controls and risk and compliance oversight mechanisms; (h) BlackRock’s implementation of the proxy voting policies approved by the Board; (i) the use of brokerage commissions and execution quality of portfolio transactions; (j) BlackRock’s implementation of the Fund’s valuation and liquidity procedures; (k) an analysis of management fees paid to BlackRock for products with similar investment mandates across the open-end fund, exchange-traded fund (“ETF”), closed-end fund, sub-advised mutual fund, separately managed account, collective investment trust, and institutional separate account product channels, as applicable, and the similarities and differences between these products and the services provided as compared to the Fund; (l) BlackRock’s compensation methodology for its investment professionals and the incentives and accountability it creates, along with investment professionals’ investments in the fund(s) they manage; and (m) periodic updates on BlackRock’s business.

Prior to and in preparation for the April Meeting, the Board received and reviewed materials specifically relating to the renewal of the Agreements. The Independent Board Members continuously engaged in a process with their independent legal counsel and BlackRock to review the nature and scope of the information provided to the Board to better assist its deliberations. The materials provided in connection with the April Meeting included, among other things: (a) information independently compiled and prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), based on either a Lipper classification or Morningstar category, regarding each Fund’s fees and expenses as compared with a peer group of funds as determined by Broadridge (“Expense Peers”) and the investment performance of each Fund as compared with a peer group of funds (“Performance Peers”); (b) information on the composition of the Expense Peers and Performance Peers and a description of Broadridge’s methodology; (c) information on the estimated profits realized by BlackRock and its affiliates pursuant to the Agreements and a discussion of fall-out benefits to BlackRock and its affiliates; (d) a general analysis provided by BlackRock concerning investment management fees received in connection with other types of investment products, such as institutional accounts, sub-advised mutual funds, ETFs, closed-end funds, open-end funds, and separately managed accounts under similar investment mandates, as well as the performance of such other products, as applicable; (e) a review of non-management fees; (f) the existence, impact and sharing of potential economies of scale, if any, with the Funds; (g) a summary of aggregate amounts paid by each Fund to BlackRock; (h) sales and redemption data regarding each Fund’s shares; and (i) various additional information requested by the Board as appropriate regarding BlackRock’s and the Funds’ operations.

At the April Meeting, the Board reviewed materials relating to its consideration of the Agreements. As a result of the discussions that occurred during the April Meeting, and as a culmination of the Board’s year-long deliberative process, the Board presented BlackRock with questions and requests for additional information. BlackRock responded to these questions and requests with additional written information in advance of the May Meeting.

At the May Meeting, the Board concluded its assessment of, among other things: (a) the nature, extent and quality of the services provided by BlackRock; (b) the investment performance of each Fund as compared to its Performance Peers and to other metrics, as applicable; (c) the advisory fee and the estimated cost of the services and estimated profits realized by BlackRock and its affiliates from their relationship with the Funds; (d) each Fund’s fees and expenses compared to its Expense Peers; (e) the existence and sharing of potential economies of scale; (f) any fall-out benefits to BlackRock and its affiliates as a result of BlackRock’s relationship with the Funds; and (g) other factors deemed relevant by the Board Members.

The Board also considered other matters it deemed important to the approval process, such as other payments made to BlackRock or its affiliates relating to securities lending and cash management, and BlackRock’s services related to the valuation and pricing of Fund portfolio holdings. The Board noted the willingness of BlackRock’s personnel to

Disclosure of Investment Advisory Agreement and Sub-Advisory Agreement (continued)

engage in open, candid discussions with the Board. The members of the Board gave attention to all of the information that was furnished, and each Board Member placed varying degrees of importance on the various pieces of information that were provided to them. The Board evaluated the information available to it on a fund by fund basis. The following paragraphs provide more information about some of the primary factors that were relevant to the Board’s decision. The Board Members did not identify any particular information, or any single factor as determinative, and each Board Member may have attributed different weights to the various items and factors considered.

The Board, including the Independent Board Members, reviewed the nature, extent and quality of services provided by BlackRock, including the investment advisory services and the resulting performance of each Fund. Throughout the year, the Board compared each Fund’s performance to the performance of a comparable group of mutual funds, relevant benchmark, and performance metrics, as applicable. The Board met with BlackRock’s senior management personnel responsible for investment activities, including the senior investment officers. The Board also reviewed the materials provided by each Fund’s portfolio management team discussing the Fund’s performance, investment strategies and outlook.

The Board considered, among other factors, with respect to BlackRock: the number, education and experience of investment personnel generally and each Fund’s portfolio management team; research capabilities; investments by portfolio managers in the funds they manage; portfolio trading capabilities; use of technology; commitment to compliance; credit analysis capabilities; risk analysis and oversight capabilities; and the approach to training and retaining portfolio managers and other research, advisory and management personnel. The Board also considered BlackRock’s overall risk management program, including the continued efforts of BlackRock and its affiliates to address cybersecurity risks and the role of BlackRock’s Risk & Quantitative Analysis Group. The Board engaged in a review of BlackRock’s compensation structure with respect to each Fund’s portfolio management team and BlackRock’s ability to attract and retain high-quality talent and create performance incentives.

In addition to investment advisory services, the Board considered the nature and quality of the administrative and other non-investment advisory services provided to each Fund. BlackRock and its affiliates provide the Funds with certain administrative, shareholder and other services (in addition to any such services provided to the Funds by third-parties) and officers and other personnel as are necessary for the operations of the Funds. In particular, BlackRock and its affiliates provide the Funds with administrative services including, among others: (i) responsibility for disclosure documents, such as the prospectus, the summary prospectus (as applicable), the statement of additional information and periodic shareholder reports; (ii) oversight of daily accounting and pricing; (iii) responsibility for periodic filings with regulators; (iv) overseeing and coordinating the activities of third-party service providers, including, among others, each Fund’s custodian, fund accountant, transfer agent, and auditor; (v) organizing Board meetings and preparing the materials for such Board meetings; (vi) providing legal and compliance support; (vii) furnishing analytical and other support to assist the Board in its consideration of strategic issues such as the merger, consolidation or repurposing of certain open-end funds; and (viii) performing or managing administrative functions necessary for the operation of the Funds, such as tax reporting, expense management, fulfilling regulatory filing requirements, overseeing each Fund’s distribution partners, and shareholder call center and other services. The Board reviewed the structure and duties of BlackRock’s fund administration, shareholder services, and legal and compliance departments and considered BlackRock’s policies and procedures for assuring compliance with applicable laws and regulations. The Board considered the operation of BlackRock’s business continuity plans, including in light of the ongoing COVID-19 pandemic.

The Board, including the Independent Board Members, reviewed and considered the performance history of the Fund throughout the year and at the April Meeting. In preparation for the April Meeting, the Board was provided with reports independently prepared by Broadridge, which included an analysis of the Fund’s performance as of December 31, 2020, as compared to its Performance Peers. Broadridge ranks funds in quartiles, ranging from first to fourth, where first is the most desirable quartile position and fourth is the least desirable. In connection with its review, the Board received and reviewed information regarding the investment performance of the Fund as compared to its Performance Peers and the performance of the Fund as compared with its benchmark. The Board and its Performance Oversight Committee regularly review and meet with Fund management to discuss the performance of each Fund throughout the year.

In evaluating performance, the Board focused particular attention on funds with less favorable performance records. The Board also noted that while it found the data provided by Broadridge generally useful, it recognized the limitations of such data, including in particular, that notable differences may exist between a fund and its Performance Peers (for example, the investment objectives and strategies). Further, the Board recognized that the performance data reflects a snapshot of a period as of a particular date and that selecting a different performance period could produce significantly different results. The Board also acknowledged that long-term performance could be impacted by even one period of significant outperformance or underperformance, and that a single investment theme could have the ability to disproportionately affect long-term performance.

The Board noted that for the one-year period reported, each of Mid-Cap Index Fund’s and Small/Mid-Cap Index Fund’s net performance was above the tolerance range of its benchmark. The Board noted that BlackRock believes that net performance relative to the benchmark is an appropriate performance metric for the Fund, and that BlackRock has explained its rationale for this belief to the Board. The Board and BlackRock reviewed the Fund’s above tolerance performance relative to its benchmark over the period.

The Board noted that for the one-year period reported, Total U.S. Stock Market Index Fund’s net performance was below the tolerance range of its benchmark. The Board noted that BlackRock believes that net performance relative to the benchmark is an appropriate performance metric for the Fund, and that BlackRock has explained its rationale for this belief to the Board. The Board and BlackRock reviewed the Fund’s below tolerance performance relative to its benchmark over the period. The Board was informed that, among other things, the Fund’s underperformance relative its benchmark and the breach of its lower tolerance, was primarily driven by negative performance stemming from the impact of post-notified flows. Post-notified activity is a source of performance variation, relative to the benchmark, because the flow information is received after the close of the effective date of the activity introducing either a drag or boost to performance.

C. Consideration of the Advisory/Management Fees and the Estimated Cost of the Services and Estimated Profits Realized by BlackRock and its Affiliates from their Relationship with the Funds

The Board, including the Independent Board Members, reviewed each Fund’s contractual management fee rate compared with those of its Expense Peers. The contractual management fee rate represents a combination of the advisory fee and any administrative fees, before taking into account any reimbursements or fee waivers. The Board also compared each Fund’s total expense ratio, as well as its actual management fee rate, to those of its Expense Peers. The total expense ratio represents a fund’s total net

Disclosure of Investment Advisory Agreement and Sub-Advisory Agreement (continued)

operating expenses, including any 12b-1 or non-12b-1 service fees. The total expense ratio gives effect to any expense reimbursements or fee waivers, and the actual management fee rate gives effect to any management fee reimbursements or waivers. The Board considered the services provided and the fees charged by BlackRock and its affiliates to other types of clients with similar investment mandates, as applicable, including institutional accounts and sub-advised mutual funds (including mutual funds sponsored by third parties).

The Board received and reviewed statements relating to BlackRock’s financial condition. The Board reviewed BlackRock’s profitability methodology and was also provided with an estimated profitability analysis that detailed the revenues earned and the expenses incurred by BlackRock for services provided to each Fund. The Board reviewed BlackRock’s estimated profitability with respect to each Fund and other funds the Board currently oversees for the year ended December 31, 2020 compared to available aggregate estimated profitability data provided for the prior two years. The Board reviewed BlackRock’s estimated profitability with respect to certain other U.S. fund complexes managed by the Manager and/or its affiliates. The Board reviewed BlackRock’s assumptions and methodology of allocating expenses in the estimated profitability analysis, noting the inherent limitations in allocating costs among various advisory products. The Board recognized that profitability may be affected by numerous factors including, among other things, fee waivers and expense reimbursements by the Manager, the types of funds managed, precision of expense allocations and business mix. The Board thus recognized that calculating and comparing profitability at the individual fund level is difficult.

The Board noted that, in general, individual fund or product line profitability of other advisors is not publicly available. The Board reviewed BlackRock’s overall operating margin, in general, compared to that of certain other publicly-traded asset management firms. The Board considered the differences between BlackRock and these other firms, including the contribution of technology at BlackRock, BlackRock’s expense management, and the relative product mix.

The Board considered whether BlackRock has the financial resources necessary to attract and retain high quality investment management personnel to perform its obligations under the Agreements and to continue to provide the high quality of services that is expected by the Board. The Board further considered factors including but not limited to BlackRock’s commitment of time, assumption of risk, and liability profile in servicing the Funds, including in contrast to what is required of BlackRock with respect to other products with similar investment mandates across the open-end fund, ETF, closed-end fund, sub-advised mutual fund, separately managed account, collective investment trust, and institutional separate account product channels, as applicable.

The Board noted that each of Small/Mid-Cap Index Fund’s and Total U.S. Stock Market Index Fund’s contractual management fee rate ranked in the first quartile, and that the actual management fee rate and total expense ratio each ranked in the first quartile relative to the Fund’s Expense Peers.

The Board noted that Mid-Cap Index Fund’s contractual management fee rate ranked in the first quartile, and that the actual management fee rate and total expense ratio ranked in the first and second quartiles, respectively, relative to the Fund’s Expense Peers.

The Board also noted that BlackRock and the Board have contractually agreed to a cap on each Fund’s total expenses as a percentage of the Fund’s average daily net assets on a class-by-class basis.

The Board, including the Independent Board Members, considered the extent to which economies of scale might be realized as the assets of the Funds increase, including the existence of fee waivers and/or expense caps, as applicable, noting that any contractual fee waivers and contractual expense caps had been approved by the Board. In its consideration, the Board further considered the continuation and/or implementation of fee waivers and/or expense caps, as applicable. The Board also considered the extent to which the Funds benefit from such economies of scale in a variety of ways and whether there should be changes in the advisory fee rate or breakpoint structure in order to enable the Funds to more fully participate in these economies of scale. The Board considered each Fund’s asset levels and whether the current fee schedule was appropriate.

The Board, including the Independent Board Members, also took into account other ancillary or “fall-out” benefits that BlackRock or its affiliates may derive from BlackRock’s respective relationships with the Funds, both tangible and intangible, such as BlackRock’s ability to leverage its investment professionals who manage other portfolios and its risk management personnel, an increase in BlackRock’s profile in the investment advisory community, and the engagement of BlackRock’s affiliates as service providers to the Funds, including for administrative, distribution, securities lending and cash management services. The Board also considered BlackRock’s overall operations and its efforts to expand the scale of, and improve the quality of, its operations. The Board also noted that, subject to applicable law, BlackRock may use and benefit from third-party research obtained by soft dollars generated by certain registered fund transactions to assist in managing all or a number of its other client accounts.

In connection with its consideration of the Agreements, the Board also received information regarding BlackRock’s brokerage and soft dollar practices. The Board received reports from BlackRock which included information on brokerage commissions and trade execution practices throughout the year.

The Board noted the competitive nature of the open-end fund marketplace, and that shareholders are able to redeem their Fund shares if they believe that the pertinent Fund’s fees and expenses are too high or if they are dissatisfied with the performance of the Fund.

The Board, including the Independent Board Members, unanimously approved the continuation of the Advisory Agreement between the Manager and the Trust, on behalf of each Fund, for a one-year term ending June 30, 2022, and the Sub-Advisory Agreement between the Manager and the Sub-Advisor with respect to each Fund, for a one-year term ending June 30, 2022. Based upon its evaluation of all of the aforementioned factors in their totality, as well as other information, the Board, including the Independent Board Members, was satisfied that the terms of the Agreements were fair and reasonable and, in the best interest of each Fund and its shareholders. In arriving at its decision to approve the Agreements, the Board did not identify any single factor or group of factors as all-important or controlling, but considered all factors together, and different Board Members may have attributed different weights to the various factors considered. The Independent Board Members were also assisted by the advice of independent legal counsel in making this determination.

Further information about the Trust’s Trustees and Officers is available in the Trust’s Statement of Additional Information, which can be obtained without charge by calling (800) 441-7762.

On October 28, 2020, the Securities and Exchange Commission (the “SEC”) adopted new regulations governing the use of derivatives by registered investment companies (“Rule 18f-4”). The Funds will be required to implement and comply with Rule 18f-4 by August 19, 2022. Once implemented, Rule 18f-4 will impose limits on the amount of derivatives a fund can enter into, eliminate the asset segregation framework currently used by funds to comply with Section 18 of the 1940 Act, treat derivatives as senior securities and require funds whose use of derivatives is more than a limited specified exposure amount to establish and maintain a comprehensive derivatives risk management program and appoint a derivatives risk manager.

Quarterly performance, semi-annual and annual reports, current net asset value and other information regarding the Funds may be found on BlackRock’s website, which can be accessed at blackrock.com. Any reference to BlackRock’s website in this report is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this report.

The Funds will mail only one copy of shareholder documents, including prospectuses, annual and semi-annual reports, Rule 30e-3 notices and proxy statements, to shareholders with multiple accounts at the same address. This practice is commonly called “householding” and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailings of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Funds at (800) 441-7762.

The Funds file their complete schedules of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at blackrock.com/fundreports.

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and information about how the Funds voted proxies relating to securities held in the Funds’ portfolios during the most recent 12-month period ended June 30 is available without charge, upon request (1) by calling (800) 441-7762; (2) on the BlackRock website at blackrock.com; and (3) on the SEC’s website at sec.gov.

BlackRock offers a diverse lineup of open-end mutual funds crossing all investment styles and managed by experts in equity, fixed-income and tax-exempt investing. Visit blackrock.com for more information.

Call us at (800) 441-7762 from 8:00 AM to 6:00 PM ET on any business day to get information about your account balances, recent transactions and share prices. You can also visit blackrock.com for more information.

Investor class shareholders who want to invest regularly can arrange to have $50 or more automatically deducted from their checking or savings account and invested in any of the BlackRock funds.

Investor class shareholders can establish a systematic withdrawal plan and receive periodic payments of $50 or more from their BlackRock funds, as long as their account balance is at least $10,000.

Shareholders may make investments in conjunction with Traditional, Rollover, Roth, Coverdell, Simple IRAs, SEP IRAs and 403(b) Plans.

BlackRock is committed to maintaining the privacy of its current and former fund investors and individual clients (collectively, “Clients”) and to safeguarding their non-public personal information. The following information is provided to help you understand what personal information BlackRock collects, how we protect that information and why in certain cases we share such information with select parties.

If you are located in a jurisdiction where specific laws, rules or regulations require BlackRock to provide you with additional or different privacy-related rights beyond what is set forth below, then BlackRock will comply with those specific laws, rules or regulations.

BlackRock obtains or verifies personal non-public information from and about you from different sources, including the following: (i) information we receive from you or, if applicable, your financial intermediary, on applications, forms or other documents; (ii) information about your transactions with us, our affiliates, or others; (iii) information we receive from a consumer reporting agency; and (iv) from visits to our websites.

BlackRock does not sell or disclose to non-affiliated third parties any non-public personal information about its Clients, except as permitted by law or as is necessary to respond to regulatory requests or to service Client accounts. These non-affiliated third parties are required to protect the confidentiality and security of this information and to use it only for its intended purpose.

We may share information with our affiliates to service your account or to provide you with information about other BlackRock products or services that may be of interest to you. In addition, BlackRock restricts access to non-public personal information about its Clients to those BlackRock employees with a legitimate business need for the information. BlackRock maintains physical, electronic and procedural safeguards that are designed to protect the non-public personal information of its Clients, including procedures relating to the proper storage and disposal of such information.

This report is intended for current holders. It is not authorized for use as an offer of sale or a solicitation of an offer to buy shares of the Funds unless preceded or accompanied by the Funds’ current prospectus. Past performance results shown in this report should not be considered a representation of future performance. Investment returns and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Statements and other information herein are as dated and are subject to change.

Under applicable securities laws, a person determined to be an audit committee financial expert will not be deemed an “expert” for any purpose, including without limitation for the purposes of Section 11 of the Securities Act of 1933, as a result of being designated or identified as an audit committee financial expert. The designation or identification of a person as an audit committee financial expert does not impose on such person any duties, obligations, or liabilities greater than the duties, obligations, and liabilities imposed on such person as a member of the audit committee and board of directors in the absence of such designation or identification. The designation or identification of a person as an audit committee financial expert does not affect the duties, obligations, or liability of any other member of the audit committee or board of directors.

The following table presents fees billed by PricewaterhouseCoopers LLP (“PwC”) in each of the last two fiscal years for the services rendered to the Fund:

The following table presents fees billed by PwC that were required to be approved by the registrant’s audit committee (the “Committee”) for services that relate directly to the operations or financial reporting of the Fund and that are rendered on behalf of BlackRock Advisors, LLC ( the “Investment Adviser” or

“BlackRock”) and entities controlling, controlled by, or under common control with BlackRock (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund (“Affiliated Service Providers”):

The Committee has adopted policies and procedures with regard to the pre-approval of services. Audit, audit-related and tax compliance services provided to the registrant on an annual basis require specific pre-approval by the Committee. The Committee also must approve other non-audit services provided to the registrant and those non-audit services provided to the Investment Adviser and Affiliated Service Providers that relate directly to the operations and the financial reporting of the registrant. Certain of these non-audit services that the Committee believes are (a) consistent with the SEC’s auditor independence rules and (b) routine and recurring services that will not impair the independence of the independent accountants may be approved by the Committee without consideration on a specific case-by-case basis (“general pre-approval”). The term of any general pre-approval is 12 months from the date of the pre-approval, unless the Committee provides for a different period. Tax or other non-audit services provided to the registrant which have a direct impact on the operations or financial reporting of the registrant will only be deemed pre-approved provided that any individual project does not exceed $10,000 attributable to the registrant or $50,000 per project. For this purpose, multiple projects will be aggregated to determine if they exceed the previously mentioned cost levels.

Any proposed services exceeding the pre-approved cost levels will require specific pre-approval by the Committee, as will any other services not subject to general pre-approval (e.g., unanticipated but permissible services). The Committee is informed of each service approved subject to general pre-approval at the next regularly scheduled in-person board meeting. At this meeting, an analysis of such services is presented to the Committee for ratification. The Committee may delegate to the Committee Chairman the authority to approve the provision of and fees for any specific engagement of permitted non-audit services, including services exceeding pre-approved cost levels.

(e)(2) None of the services described in each of Items 4(b) through (d) were approved by the Committee pursuant to the de minimis exception in paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

(g) The aggregate non-audit fees, defined as the sum of the fees shown under “Audit-Related Fees,” “Tax

Fees” and “All Other Fees,” paid to the accountant for services rendered by the accountant to the registrant, the Investment Adviser and the Affiliated Service Providers were:

(h) The Committee has considered and determined that the provision of non-audit services that were rendered to the Investment Adviser and the Affiliated Service Providers that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1(a) of this Form.

(b) Not Applicable due to no such divestments during the semi-annual period covered since the previous Form N-CSR filing.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


	Average Annual Total Returns^(a)

		1 Year		5 Years		Since Inception	^(b)
Institutional		42.43	%	14.68	%	12.34	%
Investor A		42.05		14.41		12.07
Class K		42.50		14.73		12.41

Russell Midcap^® Index		42.58		14.77		12.38


	Actual							Hypothetical^(a)

		Beginning Account Value (02/01/21)		Ending Account Value (07/31/21)		Expenses Paid During the Period	^(b)		Beginning Account Value (02/01/21)		Ending Account Value (07/31/21)		Expenses Paid During the Period	^(b)	Annualized Expense Ratio
Institutional	$	1,000.00	$	1,173.90	$	0.43		$	1,000.00	$	1,024.40	$	0.40		0.08	%
Investor A		1,000.00		1,172.40		1.94			1,000.00		1,023.01		1.81		0.36
Class K		1,000.00		1,173.80		0.32			1,000.00		1,024.50		0.30		0.06


	Average Annual Total Returns^(a)

		1 Year		5 Years		Since Inception	^(b)
Institutional		48.81	%	14.69	%	12.81	%
Investor A		48.49		14.43		12.56
Class K		48.88		14.74		12.86

Russell 2500^™ Index		49.09		14.76		12.82


	Actual							Hypothetical^(a)

		Beginning Account Value (02/01/21)		Ending Account Value (07/31/21)		Expenses Paid During the Period	^(b)		Beginning Account Value (02/01/21)		Ending Account Value (07/31/21)		Expenses Paid During the Period	^(b)	Annualized Expense Ratio
Institutional	$	1,000.00	$	1,120.20	$	0.63		$	1,000.00	$	1,024.20	$	0.60		0.12	%
Investor A		1,000.00		1,119.20		1.79			1,000.00		1,023.11		1.71		0.34
Class K		1,000.00		1,120.40		0.37			1,000.00		1,024.45		0.35		0.07


	Average Annual Total Returns^(a)
		1 Year		5 Years		Since Inception	^(b)
Institutional		38.73	%	17.27	%	15.35%
Investor A		38.42		16.98		15.08
Class K		38.79		17.32		15.40

Russell 3000^® Index		38.73		17.36		15.40


2		T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T


	Page

The Markets in Review		2
Annual Report:
Fund Summary		4
About Fund Performance		13
Disclosure of Expenses		13
Derivative Financial Instruments		13
Financial Statements:
Schedules of Investments		14
Statements of Assets and Liabilities		77
Statements of Operations		79
Statements of Changes in Net Assets		80
Financial Highlights		82
Notes to Financial Statements		91
Report of Independent Registered Public Accounting Firm		103
Important Tax Information		104
Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements		105
Trustee and Officer Information		108
Additional Information		112
Glossary of Terms Used in this Report		114


Fund Summary as of July 31, 2021		iShares Russell Mid-Cap Index Fund


4		2 0 2 1 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S


Fund Summary as of July 31, 2021 (continued)		iShares Russell Mid-Cap Index Fund


TEN LARGEST HOLDINGS
Security	Percent of Net Assets
Apple, Inc.		5	%
Microsoft Corp.		5
Amazon.com, Inc.		3
Facebook, Inc., Class A		2
Alphabet, Inc., Class A		2
Alphabet, Inc., Class C		2
Tesla, Inc.		1
Berkshire Hathaway, Inc., Class B		1
NVIDIA Corp.		1
JPMorgan Chase & Co.		1


A B O U T F U N D P E R F O R M A N C E / D I S C L O S U R E O F E X P E N S E S / D E R I V A T I V E F I N A N C I A L I N S T R U M E N T S		13


Affiliated Issuer	Value at 07/31/20		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 07/31/21		Shares Held at 07/31/21		Income			Capital Gain Distributions from Underlying Funds

BlackRock Cash Funds: Institutional, SL Agency Shares	$	28,520,253	$	175,625	^(a)	$	—		$	12,135	$	(29,595	)	$	28,678,418		28,664,086	$	158,031	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		2,996,526		8,823,975	^(a)		—			—		—			11,820,501		11,820,501		4,201			—
iShares Russell Mid-Cap ETF		3,581,506		101,013,509			(95,437,549	)		3,840,739		(20,692	)		12,977,513		162,544		88,788			—

									$	3,852,874	$	(50,287	)	$	53,476,432			$	251,020		$	—


Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
S&P 400 E-Mini Index		27		09/17/21	$	7,286	$	61,310
S&P 500 E-Mini Index		18		09/17/21		3,951		55,579

							$	116,889


	Commodity Contracts		Credit Contracts		Equity Contracts		Foreign Currency Exchange Contracts		Interest Rate Contracts		Other Contracts		Total

Assets — Derivative Financial Instruments
Futures contracts
Unrealized appreciation on futures contracts^(a)	$	—	$	—	$	116,889	$	—	$	—	$	—	$	116,889



Futures contracts

Average notional value of contracts — long	$	9,794,460


	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Common Stocks	$	1,704,483,840	$	—	$	—	$	1,704,483,840
Investment Companies		12,977,513		—		—		12,977,513
Short-Term Securities
Money Market Funds		40,498,919		—		—		40,498,919

	$	1,757,960,272	$	—	$	—	$	1,757,960,272



Affiliated Issuer	Value at 07/31/20		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 07/31/21		Shares Held at 07/31/21		Income			Capital Gain Distributions from Underlying Funds

BlackRock Cash Funds: Institutional, SL Agency Shares	$	23,604,101	$	14,130,574	^(a)	$	—	$	(1,413	)	$	(14,749	)	$	37,718,513		37,699,664	$	172,002	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,890,700		16,497,884	^(a)		—		—			—			18,388,584		18,388,584		1,263			—
iShares Russell 2000 ETF		1,054,950		41,584,703			(40,421,284)		455,364			31,477			2,705,210		12,238		25,292			—
iShares Russell Mid-Cap ETF		989,672		26,745,009			(26,430,031)		469,409			32,880			1,806,939		22,632		23,187			—
PennyMac Financial Services, Inc.^(c)		136,238		65,971			(93,134)		10,754			31,296			N/A		N/A		1,980			—
PennyMac Mortgage Investment Trust^(c)		105,447		29,731			(9,636)		(2,977	)		8,889			N/A		N/A		11,299			—


								$	931,137		$	89,793		$	60,619,246			$	235,023		$	—



Futures contracts
Average notional value of contracts — long	$	2,428,314
Average notional value of contracts — short	$	—	^(a)


	iShares Russell Mid-Cap Index Fund		iShares Russell Small/Mid-Cap Index Fund		iShares Total U.S. Stock Market Index Fund

ASSETS
Investments, at value — unaffiliated^(a)(b)	$	1,704,483,840	$	469,641,728	$	2,320,550,025
Investments, at value — affiliated^(c)		53,476,432		60,619,246		65,290,178
Cash		—		67		—
Cash pledged for futures contracts		625,650		181,000		654,000
Receivables:
Investments sold		—		2,312,204		2,080,398
Securities lending income — affiliated		26,847		17,183		19,604
Capital shares sold		4,709,636		14,796,060		1,548,724
Dividends — unaffiliated		652,943		143,012		1,717,232
Dividends — affiliated		83		21		87
From the Manager		—		6,659		—
Prepaid expenses		46,722		51,275		57,128


Total assets		1,764,022,153		547,768,455		2,391,917,376


LIABILITIES
Collateral on securities loaned, at value		28,670,784		37,717,527		28,775,206
Payables:
Investments purchased		1,159,707		18,728,134		2,815,413
Accounting services fees		6,017		6,016		6,016
Capital shares redeemed		5,785,676		14,851,731		268,119
Custodian fees		57,334		27,474		21,395
Investment advisory fees		27,453		—		18,323
Trustees’ and Officer’s fees		2,386		2,198		2,251
Recoupment of past waived fees		47,204		—		30,837
Other accrued expenses		128,160		24,744		49,261
Professional fees		32,955		62,796		52,904
Service fees		28,145		21,048		34,965
Variation margin on futures contracts		31,708		45,745		67,729


Total liabilities		35,977,529		71,487,413		32,142,419


NET ASSETS	$	1,728,044,624	$	476,281,042	$	2,359,774,957


NET ASSETS CONSIST OF
Paid-in capital	$	1,043,689,522	$	338,387,408	$	1,511,977,830
Accumulated earnings		684,355,102		137,893,634		847,797,127


NET ASSETS	$	1,728,044,624	$	476,281,042	$	2,359,774,957


^(a)Investments, at cost — unaffiliated	$	1,033,060,061	$	336,056,183	$	1,468,882,507
^(b)Securities loaned, at value	$	28,544,807	$	36,581,354	$	28,234,608
^(c)Investments, at cost — affiliated	$	52,261,437	$	60,302,453	$	59,433,472


	iShares Russell Mid-Cap Index Fund						iShares Russell Small/Mid-Cap Index Fund

	Year Ended July 31,						Year Ended July 31,

	2021			2020			2021			2020


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income	$	16,991,431		$	19,741,828		$	3,898,640		$	3,020,864
Net realized gain (loss)		63,048,650			(6,430,824	)		16,445,631			3,278,482
Net change in unrealized appreciation (depreciation)		424,271,970			1,121,723			113,400,348			(3,072,775	)


Net increase in net assets resulting from operations		504,312,051			14,432,727			133,744,619			3,226,571


DISTRIBUTIONS TO SHAREHOLDERS^(a)
Institutional		(5,368,839	)		(8,843,077	)		(4,029,472	)		(514,135	)
Investor A		(2,605,085	)		(3,674,083	)		(3,084,611	)		(805,481	)
Class K		(29,765,293	)		(34,859,826	)		(8,226,939	)		(4,253,492	)


Decrease in net assets resulting from distributions to shareholders		(37,739,217	)		(47,376,986	)		(15,341,022	)		(5,573,108	)


CAPITAL SHARE TRANSACTIONS
Net increase in net assets derived from capital share transactions		60,316,126			100,552,839			100,862,863			62,630,708


NET ASSETS
Total increase in net assets		526,888,960			67,608,580			219,266,460			60,284,171
Beginning of year		1,201,155,664			1,133,547,084			257,014,582			196,730,411

End of year	$	1,728,044,624		$	1,201,155,664		$	476,281,042		$	257,014,582


	iShares Total U.S. Stock Market Index Fund

	Year Ended July 31,

	2021			2020


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income	$	22,547,107		$	19,984,832
Net realized gain (loss)		6,613,238			(2,832,749	)
Net change in unrealized appreciation (depreciation)		506,176,330			108,535,367


Net increase in net assets resulting from operations		535,336,675			125,687,450


DISTRIBUTIONS TO SHAREHOLDERS^(a)
Institutional		(1,417,049	)		(1,945,677	)
Investor A		(1,498,740	)		(1,890,980	)
Class K		(19,697,165	)		(20,902,862	)


Decrease in net assets resulting from distributions to shareholders		(22,612,954	)		(24,739,519	)


CAPITAL SHARE TRANSACTIONS
Net increase in net assets derived from capital share transactions		605,004,464			52,045,326


NET ASSETS
Total increase in net assets		1,117,728,185			152,993,257
Beginning of year		1,242,046,772			1,089,053,515

End of year	$	2,359,774,957		$	1,242,046,772


	iShares Russell Mid-Cap Index Fund

	Institutional

	Year Ended July 31,

	2021			2020			2019			2018			2017

Net asset value, beginning of year	$	10.75		$	10.98		$	10.70		$	11.26		$	10.22

Net investment income^(a)		0.15			0.19			0.17			0.16			0.16
Net realized and unrealized gain		4.35			0.02			0.50			1.22			1.14

Net increase from investment operations		4.50			0.21			0.67			1.38			1.30


Distributions^(b)
From net investment income		(0.15	)		(0.17	)		(0.17	)		(0.18	)		(0.23	)
From net realized gain		(0.19	)		(0.27	)		(0.22	)		(1.76	)		(0.03	)

Total distributions		(0.34	)		(0.44	)		(0.39	)		(1.94	)		(0.26	)


Net asset value, end of year	$	14.91		$	10.75		$	10.98		$	10.70		$	11.26


Total Return^(c)
Based on net asset value		42.43	%		1.96	%		6.76	%		13.29	%^(d)		12.91	%


Ratios to Average Net Assets
Total expenses^(e)		0.09	%		0.10	%		0.12	%		0.13	%		0.23	%

Total expenses after fees waived and/or reimbursed		0.09	%		0.10	%		0.12	%		0.11	%		0.12	%

Net investment income		1.18	%		1.77	%		1.66	%		1.46	%		1.52	%


Supplemental Data
Net assets, end of year (000)	$	195,340		$	170,550		$	244,272		$	174,840		$	366,684

Portfolio turnover rate		24	%		26	%		25	%		75	%		41	%


	iShares Russell Mid-Cap Index Fund (continued)

	Investor A

	Year Ended July 31,

	2021			2020			2019			2018			2017

Net asset value, beginning of year	$	10.71		$	10.93		$	10.66		$	11.24		$	10.20

Net investment income^(a)		0.11			0.15			0.17			0.12			0.13
Net realized and unrealized gain		4.34			0.04			0.47			1.22			1.16

Net increase from investment operations		4.45			0.19			0.64			1.34			1.29


Distributions^(b)
From net investment income		(0.12	)		(0.14	)		(0.15	)		(0.16	)		(0.22	)
From net realized gain		(0.19	)		(0.27	)		(0.22	)		(1.76	)		(0.03	)

Total distributions		(0.31	)		(0.41	)		(0.37	)		(1.92	)		(0.25	)


Net asset value, end of year	$	14.85		$	10.71		$	10.93		$	10.66		$	11.24


Total Return^(c)
Based on net asset value		42.05	%		1.80	%		6.43	%		12.96	%^(d)		12.78	%


Ratios to Average Net Assets
Total expenses^(e)		0.36	%		0.36	%		0.34	%		0.35	%		0.34	%

Total expenses after fees waived and/or reimbursed		0.36	%		0.35	%		0.33	%		0.34	%		0.33	%

Net investment income		0.87	%		1.48	%		1.64	%		1.11	%		1.17	%


Supplemental Data
Net assets, end of year (000)	$	136,579		$	93,113		$	105,914		$	203,933		$	46,135

Portfolio turnover rate		24	%		26	%		25	%		75	%		41	%


	iShares Russell Small/Mid-Cap Index Fund

	Institutional

	Year Ended July 31,

	2021			2020			2019			2018			2017

Net asset value, beginning of year	$	12.17		$	12.72		$	13.20		$	11.58		$	10.22


Net investment income^(a)		0.16			0.13			0.18			0.15			0.15
Net realized and unrealized gain (loss)		5.66			(0.35	)		(0.16	)		1.82			1.38

Net increase (decrease) from investment operations		5.82			(0.22	)		0.02			1.97			1.53


Distributions^(b)
From net investment income		(0.18	)		(0.16	)		(0.20	)		(0.17	)		(0.15	)
From net realized gain		(0.49	)		(0.17	)		(0.30	)		(0.18	)		(0.02	)

Total distributions		(0.67	)		(0.33	)		(0.50	)		(0.35	)		(0.17	)


Net asset value, end of year	$	17.32		$	12.17		$	12.72		$	13.20		$	11.58


Total Return^(c)
Based on net asset value		48.81	%		(1.68	)%		0.58	%		17.27	%^(d)		15.02	%


Ratios to Average Net Assets
Total expenses^(e)		0.16	%		0.21	%		0.24	%		0.28	%		0.74	%^(f)

Total expenses after fees waived and/or reimbursed		0.12	%		0.12	%		0.12	%		0.12	%		0.11	%^(f)


Net investment income		1.02	%		1.14	%		1.48	%		1.21	%		1.31	%^(f)


Supplemental Data
Net assets, end of year (000)	$	161,409		$	58,680		$	12,239		$	14,431		$	3,939


Portfolio turnover rate		43	%		29	%		27	%		54	%		48	%


	iShares Total U.S. Stock Market Index Fund

	Institutional

	Year Ended July 31,

	2021			2020			2019			2018			2017

Net asset value, beginning of year	$	15.31		$	14.13		$	13.52		$	11.89		$	10.44


Net investment income^(a)		0.24			0.25			0.25			0.22			0.21
Net realized and unrealized gain		5.65			1.24			0.67			1.69			1.44

Net increase from investment operations		5.89			1.49			0.92			1.91			1.65


Distributions^(b)
From net investment income		(0.23	)		(0.27	)		(0.26	)		(0.22	)		(0.19	)
From net realized gain		(0.01	)		(0.04	)		(0.05	)		(0.06	)		(0.01	)

Total distributions		(0.24	)		(0.31	)		(0.31	)		(0.28	)		(0.20	)


Net asset value, end of year	$	20.96		$	15.31		$	14.13		$	13.52		$	11.89


Total Return^(c)
Based on net asset value		38.73	%		10.79	%		7.01	%		16.21	%^(d)		16.03	%^(d)


Ratios to Average Net Assets
Total expenses^(e)		0.08	%		0.09	%		0.09	%		0.11	%		0.08	%

Total expenses after fees waived and/or reimbursed		0.08	%		0.08	%		0.08	%		0.08	%		0.05	%


Net investment income		1.32	%		1.79	%		1.87	%		1.69	%		1.87	%


Supplemental Data
Net assets, end of year (000)	$	155,378		$	84,117		$	88,223		$	83,121		$	27,221


Portfolio turnover rate		16	%		15	%		19	%		14	%		11	%


Fund Name	Herein Referred To As	Diversification Classification
iShares Russell Mid-Cap Index Fund	Mid-Cap Index	Diversified
iShares Russell Small/Mid-Cap Index Fund	Small/Mid-Cap Index	Diversified
iShares Total U.S. Stock Market Index Fund	Total U.S. Stock Market Index	Diversified


Share Class	Initial Sales Charge	CDSC	Conversion Privilege
Institutional, Investor A and Class K Shares	No	No	None


		Standard Inputs Generally Considered By Third Party Pricing Services
Market approach		(i) recent market transactions, including subsequent rounds of financing, in the underlying investment or comparable issuers; (ii) recapitalizations and other transactions across the capital structure; and (iii) market multiples of comparable issuers.
Income approach		(i) future cash flows discounted to present and adjusted as appropriate for liquidity, credit, and/or market risks; (ii) quoted prices for similar investments or assets in active markets; and (iii) other risk factors, such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, recovery rates, liquidation amounts and/or default rates.
Cost approach		(i) audited or unaudited financial statements, investor communications and financial or operational metrics issued by the Private Company; (ii) changes in the valuation of relevant indices or publicly traded companies comparable to the Private Company; (iii) relevant news and other public sources; and (iv) known secondary market transactions in the Private Company’s interests and merger or acquisition activity in companies comparable to the Private Company.


Fund Name/Counterparty		Securities Loaned at Value		Cash Collateral Received	^(a)		Net Amount	^(b)
Mid-Cap Index
Barclays Capital, Inc.	$	26,313	$	(26,313	)	$	—
BNP Paribas Securities Corp.		2,687,785		(2,687,785	)		—
BofA Securities, Inc.		5,977,670		(5,977,670	)		—
Citadel Clearing LLC		17,100		(17,100	)		—
Citigroup Global Markets, Inc.		6,091,906		(6,091,906	)		—
Credit Suisse Securities (USA) LLC		1,083,381		(1,083,381	)		—
HSBC Bank PLC		483,631		(483,631	)		—
Jefferies LLC		553,365		(553,365	)		—


Fund Name	Investment Advisory Fees
Mid-Cap Index		0.02	%
Small/Mid-Cap Index		0.03
Total U.S. Stock Market Index		0.01


Fund Name	Investor A
Mid-Cap Index	$	287,004
Small/Mid-Cap Index		206,284
Total U.S. Stock Market Index		339,222


Fund Name	Institutional		Investor A		Class K		Total
Mid-Cap Index	$	741	$	5,234	$	8,675	$	14,650
Small/Mid-Cap Index		245		2,008		385		2,638
Total U.S. Stock Market Index		514		5,726		2,616		8,856


Fund Name	Fees Waived and/or Reimbursed by the Manager
Mid-Cap Index	$	7,666
Small/Mid-Cap Index		2,058
Total U.S. Stock Market Index		11,017


	Transfer Agent Fees Waived and/or Reimbursed - Class Specific
Fund Name	Institutional		Investor A		Class K		Total
Mid-Cap Index	$	—	$	945	$	1,641	$	2,586
Small/Mid-Cap Index		5,268		—		2,230		7,498
Total U.S. Stock Market Index		544		—		4,472		5,016