UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-06093
Name of Registrant: | Vanguard Institutional Index Funds |
Address of Registrant: | P.O. Box 2600 |
Valley Forge, PA 19482 |
Name and address of agent for service: | Anne E. Robinson, Esquire |
P.O. Box 876 | |
Valley Forge, PA 19482 |
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: December 31
Date of reporting period: January 1, 2020-December 31, 2020
Item 1: Reports to Shareholders
Your Fund’s Performance at a Glance | 1 |
About Your Fund’s Expenses | 2 |
Performance Summary | 4 |
Financial Statements | 6 |
• | For the 12 months ended December 31, 2020, Vanguard Institutional Index Fund returned 18.39% for Institutional Shares and 18.41% for Institutional Plus Shares, closely tracking its target index, the Standard & Poor’s 500 Index. The fund provides exposure to the stocks of the largest U.S. companies. |
• | The fiscal year was marked by the global spread of COVID-19 and efforts to contain it. Responses from policymakers, the creation and initial distribution of vaccines, and the easing of some restrictions lifted investor sentiment, and stock markets hit highs in December. After an initial period of high volatility and low liquidity in the bond markets, yields fell and prices rose amid unprecedented actions taken by governments and central banks to blunt the virus’s economic impact. |
• | The information technology, consumer discretionary, and communication services sectors were among the largest contributors to performance. Among the biggest detractors were energy, financials, and real estate. |
• | For the ten years ended December 31, 2020, the fund posted average annual returns of 13.86% for Institutional Shares and 13.88% for Institutional Plus Shares, closely tracking the return of its target index. |
Average Annual Total Returns Periods Ended December 31, 2020 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 20.96% | 14.82% | 15.60% |
Russell 2000 Index (Small-caps) | 19.96 | 10.25 | 13.26 |
Russell 3000 Index (Broad U.S. market) | 20.89 | 14.49 | 15.43 |
FTSE All-World ex US Index (International) | 11.22 | 5.18 | 9.16 |
Bonds | |||
Bloomberg Barclays U.S. Aggregate Bond Index (Broad taxable market) | 7.51% | 5.34% | 4.44% |
Bloomberg Barclays Municipal Bond Index (Broad tax-exempt market) | 5.21 | 4.64 | 3.91 |
FTSE Three-Month U.S. Treasury Bill Index | 0.58 | 1.56 | 1.16 |
CPI | |||
Consumer Price Index | 1.36% | 1.85% | 1.95% |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund’s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended December 31, 2020 | |||
Institutional Index Fund | Beginning Account Value 6/30/2020 | Ending Account Value 12/31/2020 | Expenses Paid During Period |
Based on Actual Fund Return | |||
Institutional Shares | $1,000.00 | $1,221.53 | $0.20 |
Institutional Plus Shares | 1,000.00 | 1,221.61 | 0.11 |
Based on Hypothetical 5% Yearly Return | |||
Institutional Shares | $1,000.00 | $1,024.96 | $0.18 |
Institutional Plus Shares | 1,000.00 | 1,025.04 | 0.10 |
Average Annual Total Returns Periods Ended December 31, 2020 | |||||
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
![]() | Institutional Index Fund Institutional Shares | 18.39% | 15.19% | 13.86% | $18,306,040 |
![]() | S&P 500 Index | 18.40 | 15.22 | 13.88 | 18,349,775 |
![]() | Dow Jones U.S. Total Stock Market Float Adjusted Index | 20.79 | 15.36 | 13.74 | 18,120,128 |
One Year | Five Years | Ten Years | Final Value of a $100,000,000 Investment | ||
Institutional Index Fund Institutional Plus Shares | 18.41% | 15.21% | 13.88% | $366,809,120 | |
S&P 500 Index | 18.40 | 15.22 | 13.88 | 366,995,500 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 20.79 | 15.36 | 13.74 | 362,402,560 |
Communication Services | 10.8% |
Consumer Discretionary | 12.7 |
Consumer Staples | 6.5 |
Energy | 2.3 |
Financials | 10.4 |
Health Care | 13.5 |
Industrials | 8.4 |
Information Technology | 27.6 |
Materials | 2.6 |
Real Estate | 2.4 |
Utilities | 2.8 |
Shares | Market Value• ($000) | ||
Common Stocks (99.5%) | |||
Communication Services (10.7%) | |||
* | Facebook Inc. Class A | 19,739,456 | 5,392,030 |
* | Alphabet Inc. Class A | 2,468,665 | 4,326,681 |
* | Alphabet Inc. Class C | 2,383,525 | 4,175,650 |
* | Walt Disney Co. | 14,866,161 | 2,693,451 |
Verizon Communications Inc. | 33,979,230 | 1,996,280 | |
Comcast Corp. Class A | 37,491,270 | 1,964,543 | |
* | Netflix Inc. | 3,627,686 | 1,961,599 |
AT&T Inc. | 58,512,703 | 1,682,825 | |
* | Charter Communications Inc. Class A | 1,198,070 | 792,583 |
* | T-Mobile US Inc. | 4,790,330 | 645,976 |
Activision Blizzard Inc. | 6,346,011 | 589,227 | |
* | Twitter Inc. | 6,530,682 | 353,636 |
Electronic Arts Inc. | 2,381,809 | 342,028 | |
* | Take-Two Interactive Software Inc. | 944,438 | 196,245 |
ViacomCBS Inc. Class B | 4,638,915 | 172,846 | |
Omnicom Group Inc. | 1,763,532 | 109,991 | |
* | Live Nation Entertainment Inc. | 1,174,545 | 86,306 |
Fox Corp. Class A | 2,779,995 | 80,953 | |
CenturyLink Inc. | 8,106,094 | 79,034 | |
News Corp. Class A | 4,206,221 | 75,586 | |
Interpublic Group of Cos. Inc. | 3,200,538 | 75,277 | |
* | Discovery Inc. Class C | 2,570,227 | 67,314 |
* | DISH Network Corp. Class A | 2,034,809 | 65,806 |
* | Fox Corp. Class B | 1,259,506 | 36,374 |
* | Discovery Inc. Class A | 1,189,065 | 35,779 |
News Corp. Class B | 504 | 9 | |
27,998,029 | |||
Consumer Discretionary (12.7%) | |||
* | Amazon.com Inc. | 3,501,954 | 11,405,619 |
* | Tesla Inc. | 6,226,673 | 4,393,976 |
Home Depot Inc. | 8,840,234 | 2,348,143 | |
NIKE Inc. Class B | 10,303,352 | 1,457,615 | |
McDonald's Corp. | 6,118,445 | 1,312,896 | |
Starbucks Corp. | 9,637,775 | 1,031,049 | |
Lowe's Cos. Inc. | 6,016,525 | 965,712 | |
* | Booking Holdings Inc. | 336,336 | 749,111 |
Target Corp. | 4,112,058 | 725,902 | |
TJX Cos. Inc. | 9,858,494 | 673,237 |
Shares | Market Value• ($000) | ||
General Motors Co. | 10,342,475 | 430,661 | |
Dollar General Corp. | 2,011,821 | 423,086 | |
Ross Stores Inc. | 2,923,150 | 358,992 | |
* | Chipotle Mexican Grill Inc. Class A | 229,732 | 318,572 |
Aptiv plc | 2,217,260 | 288,887 | |
Marriott International Inc. Class A | 2,183,873 | 288,097 | |
Ford Motor Co. | 32,084,475 | 282,023 | |
eBay Inc. | 5,376,796 | 270,184 | |
* | O'Reilly Automotive Inc. | 594,713 | 269,149 |
Yum! Brands Inc. | 2,476,958 | 268,899 | |
Hilton Worldwide Holdings Inc. | 2,277,755 | 253,423 | |
* | AutoZone Inc. | 190,405 | 225,714 |
VF Corp. | 2,625,589 | 224,252 | |
* | Dollar Tree Inc. | 1,931,191 | 208,646 |
Best Buy Co. Inc. | 1,892,307 | 188,833 | |
DR Horton Inc. | 2,724,086 | 187,744 | |
* | Etsy Inc. | 1,035,392 | 184,207 |
Lennar Corp. Class A | 2,220,805 | 169,292 | |
Las Vegas Sands Corp. | 2,697,033 | 160,743 | |
Expedia Group Inc. | 1,116,130 | 147,776 | |
Garmin Ltd. | 1,224,741 | 146,552 | |
Tractor Supply Co. | 956,548 | 134,472 | |
* | Ulta Beauty Inc. | 462,493 | 132,809 |
Carnival Corp. | 6,106,316 | 132,263 | |
Darden Restaurants Inc. | 1,068,871 | 127,324 | |
* | CarMax Inc. | 1,347,132 | 127,250 |
Domino's Pizza Inc. | 323,447 | 124,029 | |
Pool Corp. | 329,672 | 122,803 | |
Genuine Parts Co. | 1,184,163 | 118,925 | |
* | NVR Inc. | 28,708 | 117,125 |
Tiffany & Co. | 886,893 | 116,582 | |
Royal Caribbean Cruises Ltd. | 1,527,634 | 114,099 | |
MGM Resorts International | 3,362,005 | 105,937 | |
Hasbro Inc. | 1,047,781 | 98,009 | |
PulteGroup Inc. | 2,204,211 | 95,046 | |
Whirlpool Corp. | 514,125 | 92,794 | |
Wynn Resorts Ltd. | 797,854 | 90,022 | |
Advance Auto Parts Inc. | 557,498 | 87,811 | |
* | LKQ Corp. | 2,299,473 | 81,033 |
BorgWarner Inc. | 2,007,400 | 77,566 | |
L Brands Inc. | 1,916,756 | 71,284 | |
Tapestry Inc. | 2,275,913 | 70,735 | |
* | Mohawk Industries Inc. | 490,180 | 69,091 |
* | Norwegian Cruise Line Holdings Ltd. | 2,597,575 | 66,056 |
Newell Brands Inc. | 3,094,204 | 65,690 | |
PVH Corp. | 585,094 | 54,934 | |
Leggett & Platt Inc. | 1,088,882 | 48,237 | |
Hanesbrands Inc. | 2,861,862 | 41,726 | |
Ralph Lauren Corp. Class A | 394,891 | 40,966 | |
Gap Inc. | 1,686,927 | 34,059 | |
* | Under Armour Inc. Class A | 1,553,736 | 26,678 |
* | Under Armour Inc. Class C | 1,598,671 | 23,788 |
Lennar Corp. Class B | 46,974 | 2,875 | |
33,071,010 |
Shares | Market Value• ($000) | ||
Consumer Staples (6.5%) | |||
Procter & Gamble Co. | 20,360,836 | 2,833,007 | |
Coca-Cola Co. | 31,758,201 | 1,741,620 | |
PepsiCo Inc. | 11,347,725 | 1,682,868 | |
Walmart Inc. | 11,383,755 | 1,640,968 | |
Costco Wholesale Corp. | 3,623,091 | 1,365,108 | |
Philip Morris International Inc. | 12,787,695 | 1,058,693 | |
Mondelez International Inc. Class A | 11,744,056 | 686,675 | |
Altria Group Inc. | 15,260,009 | 625,660 | |
Colgate-Palmolive Co. | 7,039,135 | 601,916 | |
Estee Lauder Cos. Inc. Class A | 1,860,179 | 495,161 | |
Kimberly-Clark Corp. | 2,793,099 | 376,594 | |
Sysco Corp. | 4,182,260 | 310,575 | |
Constellation Brands Inc. Class A | 1,391,817 | 304,878 | |
General Mills Inc. | 5,020,044 | 295,179 | |
* | Monster Beverage Corp. | 3,034,501 | 280,631 |
Walgreens Boots Alliance Inc. | 5,898,823 | 235,245 | |
Archer-Daniels-Midland Co. | 4,568,926 | 230,320 | |
Kroger Co. | 6,362,246 | 202,065 | |
McCormick & Co. Inc. | 2,042,338 | 195,248 | |
Hershey Co. | 1,211,532 | 184,553 | |
Kraft Heinz Co. | 5,321,221 | 184,434 | |
Church & Dwight Co. Inc. | 2,040,264 | 177,972 | |
Clorox Co. | 784,306 | 158,367 | |
Tyson Foods Inc. Class A | 2,415,120 | 155,630 | |
Conagra Brands Inc. | 4,011,813 | 145,468 | |
Kellogg Co. | 2,088,081 | 129,941 | |
Brown-Forman Corp. Class B | 1,498,229 | 119,004 | |
J M Smucker Co. | 935,910 | 108,191 | |
Hormel Foods Corp. | 2,302,961 | 107,341 | |
Lamb Weston Holdings Inc. | 1,202,762 | 94,705 | |
Campbell Soup Co. | 1,662,761 | 80,394 | |
Molson Coors Beverage Co. Class B | 1,543,018 | 69,729 | |
16,878,140 | |||
Energy (2.2%) | |||
Exxon Mobil Corp. | 34,719,131 | 1,431,123 | |
Chevron Corp. | 15,807,222 | 1,334,920 | |
ConocoPhillips | 8,769,358 | 350,687 | |
Phillips 66 | 3,586,089 | 250,811 | |
Schlumberger NV | 11,430,530 | 249,528 | |
EOG Resources Inc. | 4,788,992 | 238,827 | |
Marathon Petroleum Corp. | 5,342,581 | 220,969 | |
* | Kinder Morgan Inc. | 15,987,111 | 218,544 |
Valero Energy Corp. | 3,348,417 | 189,420 | |
Williams Cos. Inc. | 8,465,624 | 169,736 | |
Pioneer Natural Resources Co. | 1,350,137 | 153,767 | |
ONEOK Inc. | 3,648,978 | 140,048 | |
Halliburton Co. | 7,259,180 | 137,199 | |
Hess Corp. | 2,243,724 | 118,446 | |
Baker Hughes Co. Class A | 5,629,686 | 117,379 | |
Concho Resources Inc. | 1,613,491 | 94,147 | |
Occidental Petroleum Corp. | 4,880,580 | 84,483 | |
Diamondback Energy Inc. | 1,294,261 | 62,642 | |
Cabot Oil & Gas Corp. | 3,279,182 | 53,385 | |
Devon Energy Corp. | 3,144,433 | 49,713 |
Shares | Market Value• ($000) | ||
Apache Corp. | 3,101,529 | 44,011 | |
NOV Inc. | 3,189,232 | 43,788 | |
Marathon Oil Corp. | 6,484,139 | 43,249 | |
TechnipFMC plc | 3,462,423 | 32,547 | |
HollyFrontier Corp. | 1,220,619 | 31,553 | |
5,860,922 | |||
Financials (10.4%) | |||
* | Berkshire Hathaway Inc. Class B | 15,980,160 | 3,705,320 |
JPMorgan Chase & Co. | 25,029,365 | 3,180,481 | |
Bank of America Corp. | 62,509,027 | 1,894,649 | |
Citigroup Inc. | 17,095,224 | 1,054,092 | |
Wells Fargo & Co. | 33,948,697 | 1,024,572 | |
BlackRock Inc. | 1,164,643 | 840,337 | |
Morgan Stanley | 11,735,875 | 804,260 | |
Goldman Sachs Group Inc. | 2,825,191 | 745,031 | |
Charles Schwab Corp. | 12,248,406 | 649,655 | |
S&P Global Inc. | 1,975,625 | 649,447 | |
American Express Co. | 5,355,475 | 647,530 | |
Chubb Ltd. | 3,706,536 | 570,510 | |
CME Group Inc. | 2,947,742 | 536,636 | |
Intercontinental Exchange Inc. | 4,608,909 | 531,361 | |
Truist Financial Corp. | 11,069,424 | 530,557 | |
US Bancorp | 11,256,188 | 524,426 | |
PNC Financial Services Group Inc. | 3,479,091 | 518,385 | |
Marsh & McLennan Cos. Inc. | 4,165,306 | 487,341 | |
Progressive Corp. | 4,808,950 | 475,509 | |
Aon plc Class A | 1,877,378 | 396,634 | |
Moody's Corp. | 1,326,152 | 384,902 | |
Capital One Financial Corp. | 3,755,713 | 371,252 | |
MSCI Inc. Class A | 680,639 | 303,926 | |
MetLife Inc. | 6,281,259 | 294,905 | |
Travelers Cos. Inc. | 2,080,009 | 291,971 | |
Bank of New York Mellon Corp. | 6,693,913 | 284,090 | |
T Rowe Price Group Inc. | 1,859,313 | 281,481 | |
Allstate Corp. | 2,496,551 | 274,446 | |
American International Group Inc. | 7,073,255 | 267,793 | |
Prudential Financial Inc. | 3,252,162 | 253,896 | |
Aflac Inc. | 5,365,362 | 238,598 | |
Discover Financial Services | 2,516,632 | 227,831 | |
Willis Towers Watson plc | 1,057,868 | 222,872 | |
State Street Corp. | 2,896,806 | 210,830 | |
First Republic Bank | 1,423,631 | 209,174 | |
Arthur J Gallagher & Co. | 1,579,891 | 195,448 | |
Ameriprise Financial Inc. | 968,654 | 188,239 | |
MarketAxess Holdings Inc. | 311,698 | 177,842 | |
* | SVB Financial Group | 425,595 | 165,058 |
Fifth Third Bancorp | 5,853,493 | 161,381 | |
Northern Trust Corp. | 1,708,790 | 159,157 | |
Synchrony Financial | 4,457,888 | 154,733 | |
Hartford Financial Services Group Inc. | 2,942,479 | 144,123 | |
M&T Bank Corp. | 1,053,989 | 134,173 | |
KeyCorp. | 8,016,378 | 131,549 | |
Regions Financial Corp. | 7,884,866 | 127,104 | |
Citizens Financial Group Inc. | 3,506,193 | 125,381 | |
Nasdaq Inc. | 942,678 | 125,131 |
Shares | Market Value• ($000) | ||
Cincinnati Financial Corp. | 1,227,173 | 107,218 | |
Huntington Bancshares Inc. | 8,366,163 | 105,665 | |
Principal Financial Group Inc. | 2,100,835 | 104,222 | |
Raymond James Financial Inc. | 1,001,589 | 95,822 | |
Loews Corp. | 1,918,882 | 86,388 | |
Cboe Global Markets Inc. | 887,179 | 82,614 | |
Everest Re Group Ltd. | 327,645 | 76,698 | |
W R Berkley Corp. | 1,154,614 | 76,689 | |
Lincoln National Corp. | 1,490,464 | 74,985 | |
Globe Life Inc. | 789,458 | 74,967 | |
Assurant Inc. | 486,126 | 66,220 | |
Comerica Inc. | 1,145,026 | 63,961 | |
Zions Bancorp NA | 1,349,764 | 58,634 | |
Franklin Resources Inc. | 2,237,171 | 55,907 | |
Invesco Ltd. | 3,098,241 | 54,002 | |
People's United Financial Inc. | 3,490,772 | 45,136 | |
Unum Group | 1,670,762 | 38,327 | |
27,141,474 | |||
Health Care (13.4%) | |||
Johnson & Johnson | 21,616,317 | 3,401,976 | |
UnitedHealth Group Inc. | 7,791,069 | 2,732,172 | |
Merck & Co. Inc. | 20,774,703 | 1,699,371 | |
Pfizer Inc. | 45,640,849 | 1,680,040 | |
Abbott Laboratories | 14,553,349 | 1,593,446 | |
AbbVie Inc. | 14,496,661 | 1,553,317 | |
Thermo Fisher Scientific Inc. | 3,254,403 | 1,515,836 | |
Medtronic plc | 11,052,403 | 1,294,679 | |
Danaher Corp. | 5,191,527 | 1,153,246 | |
Bristol-Myers Squibb Co. | 18,555,154 | 1,150,976 | |
Eli Lilly and Co. | 6,519,403 | 1,100,736 | |
Amgen Inc. | 4,780,226 | 1,099,070 | |
* | Intuitive Surgical Inc. | 965,288 | 789,702 |
CVS Health Corp. | 10,747,993 | 734,088 | |
Stryker Corp. | 2,684,545 | 657,821 | |
Anthem Inc. | 2,042,234 | 655,741 | |
Zoetis Inc. | 3,902,531 | 645,869 | |
Cigna Corp. | 2,966,517 | 617,570 | |
Gilead Sciences Inc. | 10,292,951 | 599,667 | |
Becton Dickinson and Co. | 2,381,507 | 595,901 | |
* | Vertex Pharmaceuticals Inc. | 2,135,115 | 504,613 |
* | Edwards Lifesciences Corp. | 5,117,572 | 466,876 |
Humana Inc. | 1,086,693 | 445,838 | |
* | Illumina Inc. | 1,198,844 | 443,572 |
* | Boston Scientific Corp. | 11,757,443 | 422,680 |
* | Regeneron Pharmaceuticals Inc. | 861,018 | 415,966 |
HCA Healthcare Inc. | 2,167,274 | 356,430 | |
* | IDEXX Laboratories Inc. | 700,423 | 350,120 |
Baxter International Inc. | 4,194,458 | 336,563 | |
* | Align Technology Inc. | 589,135 | 314,822 |
* | Biogen Inc. | 1,263,469 | 309,373 |
Agilent Technologies Inc. | 2,512,823 | 297,744 | |
* | DexCom Inc. | 788,513 | 291,529 |
* | Centene Corp. | 4,760,689 | 285,784 |
* | IQVIA Holdings Inc. | 1,574,270 | 282,062 |
* | Alexion Pharmaceuticals Inc. | 1,796,954 | 280,756 |
Shares | Market Value• ($000) | ||
Zimmer Biomet Holdings Inc. | 1,701,688 | 262,213 | |
ResMed Inc. | 1,189,697 | 252,882 | |
McKesson Corp. | 1,318,551 | 229,322 | |
* | Mettler-Toledo International Inc. | 195,355 | 222,642 |
Cerner Corp. | 2,519,151 | 197,703 | |
* | Viatris Inc. | 9,909,677 | 185,707 |
West Pharmaceutical Services Inc. | 607,054 | 171,984 | |
* | Laboratory Corp. of America Holdings | 799,853 | 162,810 |
Teleflex Inc. | 382,350 | 157,364 | |
* | Hologic Inc. | 2,110,433 | 153,703 |
Cooper Cos. Inc. | 402,687 | 146,304 | |
* | Catalent Inc. | 1,352,342 | 140,738 |
* | Incyte Corp. | 1,528,377 | 132,938 |
STERIS plc | 700,641 | 132,800 | |
PerkinElmer Inc. | 919,413 | 131,936 | |
Quest Diagnostics Inc. | 1,106,434 | 131,854 | |
* | Varian Medical Systems Inc. | 750,095 | 131,274 |
Cardinal Health Inc. | 2,408,509 | 129,000 | |
* | Waters Corp. | 509,373 | 126,029 |
* | ABIOMED Inc. | 370,925 | 120,254 |
AmerisourceBergen Corp. Class A | 1,206,963 | 117,993 | |
* | Bio-Rad Laboratories Inc. Class A | 176,539 | 102,912 |
DENTSPLY SIRONA Inc. | 1,796,133 | 94,046 | |
Universal Health Services Inc. Class B | 638,444 | 87,786 | |
* | Henry Schein Inc. | 1,171,954 | 78,357 |
* | DaVita Inc. | 605,716 | 71,111 |
Perrigo Co. plc | 1,122,101 | 50,180 | |
34,997,794 | |||
Industrials (8.4%) | |||
Honeywell International Inc. | 5,761,783 | 1,225,531 | |
Union Pacific Corp. | 5,533,239 | 1,152,131 | |
United Parcel Service Inc. Class B | 5,873,075 | 989,026 | |
Boeing Co. | 4,357,280 | 932,719 | |
Raytheon Technologies Corp. | 12,470,274 | 891,749 | |
3M Co. | 4,736,537 | 827,899 | |
Caterpillar Inc. | 4,460,911 | 811,975 | |
General Electric Co. | 71,928,018 | 776,823 | |
Lockheed Martin Corp. | 2,021,663 | 717,650 | |
Deere & Co. | 2,573,346 | 692,359 | |
CSX Corp. | 6,279,682 | 569,881 | |
FedEx Corp. | 1,983,863 | 515,051 | |
Norfolk Southern Corp. | 2,085,494 | 495,534 | |
Illinois Tool Works Inc. | 2,365,442 | 482,266 | |
Emerson Electric Co. | 4,910,512 | 394,658 | |
Eaton Corp. plc | 3,272,977 | 393,215 | |
Northrop Grumman Corp. | 1,273,089 | 387,936 | |
Waste Management Inc. | 3,192,963 | 376,546 | |
Roper Technologies Inc. | 861,192 | 371,251 | |
L3Harris Technologies Inc. | 1,725,297 | 326,116 | |
Parker-Hannifin Corp. | 1,057,645 | 288,113 | |
Trane Technologies plc | 1,971,589 | 286,196 | |
General Dynamics Corp. | 1,908,670 | 284,048 | |
Verisk Analytics Inc. Class A | 1,335,059 | 277,145 | |
Johnson Controls International plc | 5,943,564 | 276,911 | |
* | TransDigm Group Inc. | 446,999 | 276,625 |
Shares | Market Value• ($000) | ||
Cummins Inc. | 1,215,259 | 275,985 | |
IHS Markit Ltd. | 3,060,003 | 274,880 | |
Cintas Corp. | 721,516 | 255,027 | |
Carrier Global Corp. | 6,689,533 | 252,329 | |
PACCAR Inc. | 2,843,799 | 245,363 | |
Rockwell Automation Inc. | 954,012 | 239,276 | |
Stanley Black & Decker Inc. | 1,315,668 | 234,926 | |
Fastenal Co. | 4,712,262 | 230,100 | |
AMETEK Inc. | 1,889,212 | 228,481 | |
Otis Worldwide Corp. | 3,344,017 | 225,888 | |
Southwest Airlines Co. | 4,843,841 | 225,771 | |
* | Copart Inc. | 1,705,213 | 216,988 |
Delta Air Lines Inc. | 5,238,199 | 210,628 | |
Fortive Corp. | 2,769,095 | 196,107 | |
Equifax Inc. | 998,806 | 192,610 | |
Republic Services Inc. Class A | 1,727,970 | 166,404 | |
Kansas City Southern | 768,584 | 156,891 | |
Old Dominion Freight Line Inc. | 790,016 | 154,195 | |
WW Grainger Inc. | 370,208 | 151,171 | |
Xylem Inc. | 1,480,140 | 150,663 | |
Dover Corp. | 1,183,472 | 149,413 | |
* | Ingersoll Rand Inc. | 3,052,491 | 139,071 |
* | United Rentals Inc. | 592,301 | 137,361 |
Expeditors International of Washington Inc. | 1,389,737 | 132,178 | |
IDEX Corp. | 621,560 | 123,815 | |
* | Teledyne Technologies Inc. | 302,631 | 118,625 |
Masco Corp. | 2,147,932 | 117,986 | |
Jacobs Engineering Group Inc. | 1,063,707 | 115,902 | |
Westinghouse Air Brake Technologies Corp. | 1,467,527 | 107,423 | |
CH Robinson Worldwide Inc. | 1,114,921 | 104,658 | |
* | United Airlines Holdings Inc. | 2,400,360 | 103,816 |
Fortune Brands Home & Security Inc. | 1,142,295 | 97,918 | |
JB Hunt Transport Services Inc. | 686,194 | 93,768 | |
Howmet Aerospace Inc. | 3,206,039 | 91,500 | |
Textron Inc. | 1,880,657 | 90,892 | |
Allegion plc | 756,026 | 87,986 | |
Quanta Services Inc. | 1,139,014 | 82,032 | |
1 | American Airlines Group Inc. | 5,014,501 | 79,079 |
Snap-on Inc. | 444,880 | 76,137 | |
Pentair plc | 1,363,374 | 72,382 | |
Rollins Inc. | 1,812,913 | 70,831 | |
Nielsen Holdings plc | 2,938,091 | 61,318 | |
A O Smith Corp. | 1,114,654 | 61,105 | |
Robert Half International Inc. | 937,975 | 58,605 | |
Huntington Ingalls Industries Inc. | 333,149 | 56,795 | |
Alaska Air Group Inc. | 1,017,103 | 52,889 | |
Flowserve Corp. | 1,068,942 | 39,391 | |
21,825,913 | |||
Information Technology (27.5%) | |||
Apple Inc. | 131,228,838 | 17,412,755 | |
Microsoft Corp. | 62,080,508 | 13,807,947 | |
Visa Inc. Class A | 13,923,537 | 3,045,495 | |
NVIDIA Corp. | 5,082,682 | 2,654,177 | |
Mastercard Inc. Class A | 7,223,714 | 2,578,432 | |
* | PayPal Holdings Inc. | 9,621,006 | 2,253,240 |
Shares | Market Value• ($000) | ||
* | Adobe Inc. | 3,939,003 | 1,969,974 |
Intel Corp. | 33,649,287 | 1,676,407 | |
* | salesforce.com Inc. | 7,513,145 | 1,671,900 |
Cisco Systems Inc. | 34,695,665 | 1,552,631 | |
Broadcom Inc. | 3,321,464 | 1,454,303 | |
QUALCOMM Inc. | 9,286,887 | 1,414,764 | |
Accenture plc Class A | 5,202,336 | 1,358,902 | |
Texas Instruments Inc. | 7,537,492 | 1,237,129 | |
Oracle Corp. | 15,575,408 | 1,007,573 | |
International Business Machines Corp. | 7,316,601 | 921,014 | |
* | Advanced Micro Devices Inc. | 9,875,620 | 905,693 |
* | ServiceNow Inc. | 1,601,998 | 881,788 |
Intuit Inc. | 2,157,439 | 819,503 | |
Fidelity National Information Services Inc. | 5,095,141 | 720,759 | |
* | Micron Technology Inc. | 9,140,729 | 687,200 |
Applied Materials Inc. | 7,499,081 | 647,171 | |
Automatic Data Processing Inc. | 3,521,029 | 620,405 | |
Lam Research Corp. | 1,182,521 | 558,469 | |
* | Autodesk Inc. | 1,805,507 | 551,293 |
* | Fiserv Inc. | 4,721,511 | 537,591 |
Global Payments Inc. | 2,457,907 | 529,482 | |
Analog Devices Inc. | 3,033,936 | 448,203 | |
Cognizant Technology Solutions Corp. Class A | 4,390,056 | 359,765 | |
* | TE Connectivity Ltd. | 2,715,616 | 328,780 |
KLA Corp. | 1,268,281 | 328,371 | |
* | Synopsys Inc. | 1,253,174 | 324,873 |
Amphenol Corp. Class A | 2,456,323 | 321,213 | |
* | Cadence Design Systems Inc. | 2,290,287 | 312,464 |
Microchip Technology Inc. | 2,137,956 | 295,273 | |
Xilinx Inc. | 2,012,757 | 285,349 | |
HP Inc. | 11,277,644 | 277,317 | |
* | ANSYS Inc. | 705,135 | 256,528 |
Paychex Inc. | 2,626,374 | 244,726 | |
Motorola Solutions Inc. | 1,391,464 | 236,632 | |
Corning Inc. | 6,270,432 | 225,736 | |
Skyworks Solutions Inc. | 1,363,610 | 208,469 | |
* | Keysight Technologies Inc. | 1,522,674 | 201,130 |
Maxim Integrated Products Inc. | 2,194,978 | 194,585 | |
* | FleetCor Technologies Inc. | 684,800 | 186,834 |
* | Paycom Software Inc. | 402,236 | 181,911 |
* | VeriSign Inc. | 824,623 | 178,448 |
* | Zebra Technologies Corp. Class A | 437,794 | 168,257 |
* | Fortinet Inc. | 1,106,239 | 164,310 |
Teradyne Inc. | 1,363,481 | 163,468 | |
* | Qorvo Inc. | 936,525 | 155,716 |
CDW Corp. | 1,173,969 | 154,717 | |
Broadridge Financial Solutions Inc. | 949,451 | 145,456 | |
* | Tyler Technologies Inc. | 331,085 | 144,525 |
* | Akamai Technologies Inc. | 1,336,773 | 140,348 |
Western Digital Corp. | 2,497,725 | 138,349 | |
Citrix Systems Inc. | 1,010,854 | 131,512 | |
* | Arista Networks Inc. | 447,242 | 129,955 |
Hewlett Packard Enterprise Co. | 10,566,120 | 125,209 | |
NetApp Inc. | 1,833,896 | 121,477 | |
* | Gartner Inc. | 732,808 | 117,389 |
Shares | Market Value• ($000) | ||
Leidos Holdings Inc. | 1,097,858 | 115,407 | |
Seagate Technology plc | 1,834,370 | 114,024 | |
Jack Henry & Associates Inc. | 627,468 | 101,644 | |
NortonLifeLock Inc. | 4,867,057 | 101,137 | |
* | F5 Networks Inc. | 506,203 | 89,061 |
Western Union Co. | 3,373,003 | 74,004 | |
* | IPG Photonics Corp. | 293,931 | 65,779 |
Juniper Networks Inc. | 2,714,095 | 61,094 | |
DXC Technology Co. | 2,091,269 | 53,850 | |
FLIR Systems Inc. | 1,078,066 | 47,252 | |
* | Vontier Corp. | 1,105,424 | 36,921 |
Xerox Holdings Corp. | 1,365,034 | 31,655 | |
71,765,120 | |||
Materials (2.6%) | |||
Linde plc | 4,309,647 | 1,135,635 | |
Air Products and Chemicals Inc. | 1,814,846 | 495,852 | |
Sherwin-Williams Co. | 671,233 | 493,296 | |
Ecolab Inc. | 2,039,029 | 441,164 | |
DuPont de Nemours Inc. | 6,025,445 | 428,469 | |
Newmont Corp. | 6,596,819 | 395,084 | |
Dow Inc. | 6,090,229 | 338,008 | |
Freeport-McMoRan Inc. | 11,930,170 | 310,423 | |
PPG Industries Inc. | 1,939,411 | 279,702 | |
Ball Corp. | 2,685,354 | 250,221 | |
Corteva Inc. | 6,117,326 | 236,863 | |
LyondellBasell Industries NV Class A | 2,110,956 | 193,490 | |
Vulcan Materials Co. | 1,088,065 | 161,371 | |
International Paper Co. | 3,227,590 | 160,476 | |
Amcor plc | 12,879,237 | 151,589 | |
Martin Marietta Materials Inc. | 511,335 | 145,204 | |
Nucor Corp. | 2,478,881 | 131,852 | |
Albemarle Corp. | 874,053 | 128,940 | |
Celanese Corp. Class A | 959,535 | 124,682 | |
FMC Corp. | 1,065,257 | 122,430 | |
Eastman Chemical Co. | 1,111,491 | 111,460 | |
Packaging Corp. of America | 777,586 | 107,237 | |
Avery Dennison Corp. | 685,875 | 106,386 | |
1 | International Flavors & Fragrances Inc. | 879,064 | 95,677 |
Westrock Co. | 2,154,721 | 93,795 | |
CF Industries Holdings Inc. | 1,760,480 | 68,148 | |
Mosaic Co. | 2,839,036 | 65,326 | |
Sealed Air Corp. | 1,276,614 | 58,456 | |
6,831,236 | |||
Real Estate (2.4%) | |||
American Tower Corp. | 3,647,548 | 818,729 | |
Prologis Inc. | 6,069,952 | 604,931 | |
Crown Castle International Corp. | 3,541,549 | 563,779 | |
Equinix Inc. | 731,674 | 522,547 | |
Digital Realty Trust Inc. | 2,300,490 | 320,941 | |
Public Storage | 1,248,916 | 288,412 | |
SBA Communications Corp. Class A | 912,164 | 257,349 | |
Simon Property Group Inc. | 2,692,181 | 229,589 | |
Welltower Inc. | 3,424,460 | 221,289 | |
Weyerhaeuser Co. | 6,133,463 | 205,655 | |
AvalonBay Communities Inc. | 1,146,323 | 183,905 |
Shares | Market Value• ($000) | ||
Alexandria Real Estate Equities Inc. | 1,016,894 | 181,231 | |
Realty Income Corp. | 2,883,489 | 179,267 | |
* | CBRE Group Inc. Class A | 2,754,220 | 172,745 |
Equity Residential | 2,811,995 | 166,695 | |
Ventas Inc. | 3,075,560 | 150,825 | |
Healthpeak Properties Inc. | 4,420,151 | 133,621 | |
Essex Property Trust Inc. | 535,352 | 127,103 | |
Extra Space Storage Inc. | 1,060,978 | 122,925 | |
Duke Realty Corp. | 3,053,453 | 122,047 | |
Mid-America Apartment Communities Inc. | 938,727 | 118,927 | |
Boston Properties Inc. | 1,161,978 | 109,842 | |
UDR Inc. | 2,419,645 | 92,987 | |
Host Hotels & Resorts Inc. | 5,792,006 | 84,737 | |
Iron Mountain Inc. | 2,363,042 | 69,662 | |
Regency Centers Corp. | 1,298,607 | 59,204 | |
Kimco Realty Corp. | 3,556,524 | 53,383 | |
Federal Realty Investment Trust | 565,842 | 48,164 | |
Vornado Realty Trust | 1,288,900 | 48,128 | |
SL Green Realty Corp. | 594,879 | 35,443 | |
6,294,062 | |||
Utilities (2.7%) | |||
NextEra Energy Inc. | 16,086,529 | 1,241,076 | |
Duke Energy Corp. | 6,043,208 | 553,316 | |
Southern Co. | 8,673,116 | 532,790 | |
* | Dominion Energy Inc. | 6,699,049 | 503,768 |
American Electric Power Co. Inc. | 4,075,952 | 339,405 | |
Exelon Corp. | 8,010,520 | 338,204 | |
Sempra Energy | 2,368,683 | 301,794 | |
Xcel Energy Inc. | 4,314,889 | 287,674 | |
Eversource Energy | 2,814,298 | 243,465 | |
Public Service Enterprise Group Inc. | 4,152,145 | 242,070 | |
WEC Energy Group Inc. | 2,589,105 | 238,275 | |
American Water Works Co. Inc. | 1,488,472 | 228,436 | |
Edison International | 3,107,920 | 195,240 | |
DTE Energy Co. | 1,589,341 | 192,962 | |
PPL Corp. | 6,312,500 | 178,013 | |
Consolidated Edison Inc. | 2,309,372 | 166,898 | |
Entergy Corp. | 1,644,091 | 164,146 | |
Ameren Corp. | 2,030,238 | 158,480 | |
CMS Energy Corp. | 2,351,486 | 143,464 | |
FirstEnergy Corp. | 4,454,904 | 136,365 | |
AES Corp. | 5,460,741 | 128,327 | |
Alliant Energy Corp. | 2,053,851 | 105,835 | |
Evergy Inc. | 1,864,932 | 103,522 | |
Atmos Energy Corp. | 1,034,707 | 98,742 | |
CenterPoint Energy Inc. | 4,478,668 | 96,918 | |
NRG Energy Inc. | 2,001,482 | 75,156 | |
Pinnacle West Capital Corp. | 923,643 | 73,845 | |
NiSource Inc. | 3,142,866 | 72,097 | |
7,140,283 | |||
Total Common Stocks (Cost $104,220,459) | 259,803,983 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.5%) | |||
Money Market Fund (0.5%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.111% | 13,420,898 | 1,342,090 |
Face Amount ($000) | |||
U.S. Government and Agency Obligations (0.0%) | |||
4 | U.S. Cash Management Bill, 0.081%, 5/18/21 | 52,000 | 51,981 |
Total Temporary Cash Investments (Cost $1,393,993) | 1,394,071 | ||
Total Investments (100.0%) (Cost $105,614,452) | 261,198,054 | ||
Other Assets and Liabilities—Net (0.0%) | (12,295) | ||
Net Assets (100%) | 261,185,759 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $118,952,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $125,677,000 was received for securities on loan. |
4 | Securities with a value of $51,981,000 have been segregated as initial margin for open futures contracts. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2021 | 6,491 | 1,216,673 | 13,729 |
Over-the-Counter Total Return Swaps | ||||||
Reference Entity | Termination Date | Counterparty | Notional Amount ($000) | Floating Interest Rate Received (Paid) (%)1 | Value and Unrealized Appreciation ($000) | Value and Unrealized Depreciation ($000) |
Clorox Co. | 1/29/21 | GSI | 50,760 | (0.153) | — | (283) |
Occidental Petroleum Corp. | 1/29/21 | GSI | 39,680 | (0.153) | — | (5,042) |
Consolidated Edison Inc. | 8/31/21 | BOANA | 36,135 | (0.553) | 365 | — |
Over-the-Counter Total Return Swaps (continued) | ||||||
Reference Entity | Termination Date | Counterparty | Notional Amount ($000) | Floating Interest Rate Received (Paid) (%)1 | Value and Unrealized Appreciation ($000) | Value and Unrealized Depreciation ($000) |
Williams Cos. Inc. | 8/31/21 | BOANA | 18,045 | (0.553) | 351 | — |
Williams Cos. Inc. | 8/31/21 | BOANA | 12,030 | (0.553) | 234 | — |
950 | (5,325) |
1 | Based on 1M USD London Interbank Offered Rate (LIBOR) as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BOANA—Bank of America, N.A. | |
GSI—Goldman Sachs International. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $104,272,443) | 259,855,964 |
Affiliated Issuers (Cost $1,342,009) | 1,342,090 |
Total Investments in Securities | 261,198,054 |
Investment in Vanguard | 10,038 |
Cash | 1,139 |
Cash Collateral Pledged—Futures Contracts | 26,143 |
Cash Collateral Pledged—Over-the-Counter Swap Contracts | 7,500 |
Receivables for Investment Securities Sold | 402,838 |
Receivables for Accrued Income | 193,583 |
Receivables for Capital Shares Issued | 378,025 |
Variation Margin Receivable—Futures Contracts | 8,742 |
Unrealized Appreciation—Over-the-Counter Swap Contracts | 950 |
Total Assets | 262,227,012 |
Liabilities | |
Payables for Investment Securities Purchased | 3,432 |
Collateral for Securities on Loan | 125,677 |
Payables for Capital Shares Redeemed | 903,021 |
Payables to Vanguard | 3,798 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 5,325 |
Total Liabilities | 1,041,253 |
Net Assets | 261,185,759 |
Statement of Assets and Liabilities (continued) | |
At December 31, 2020, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 102,841,333 |
Total Distributable Earnings (Loss) | 158,344,426 |
Net Assets | 261,185,759 |
Institutional Shares—Net Assets | |
Applicable to 359,040,014 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 119,011,804 |
Net Asset Value Per Share—Institutional Shares | $331.47 |
Institutional Plus Shares—Net Assets | |
Applicable to 428,900,667 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 142,173,955 |
Net Asset Value Per Share—Institutional Plus Shares | $331.48 |
Year Ended December 31, 2020 | |
($000) | |
Investment Income | |
Income | |
Dividends | 4,334,979 |
Interest1 | 5,341 |
Securities Lending—Net | 5,652 |
Total Income | 4,345,972 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 5,423 |
Management and Administrative—Institutional Shares | 32,619 |
Management and Administrative—Institutional Plus Shares | 19,642 |
Marketing and Distribution—Institutional Shares | 2,369 |
Marketing and Distribution—Institutional Plus Shares | 1,243 |
Custodian Fees | 982 |
Auditing Fees | 31 |
Shareholders' Reports—Institutional Shares | 219 |
Shareholders' Reports—Institutional Plus Shares | 340 |
Trustees’ Fees and Expenses | 125 |
Total Expenses | 62,993 |
Net Investment Income | 4,282,979 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 8,660,195 |
Futures Contracts | 120,306 |
Swap Contracts | 8,432 |
Realized Net Gain (Loss) | 8,788,933 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities | 27,819,378 |
Futures Contracts | 12,858 |
Swap Contracts | (7,134) |
Change in Unrealized Appreciation (Depreciation) | 27,825,102 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 40,897,014 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $3,760,000, $422,000, and $75,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $3,015,756,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended December 31, | ||
2020 ($000) | 2019 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 4,282,979 | 4,492,233 |
Realized Net Gain (Loss) | 8,788,933 | 6,459,230 |
Change in Unrealized Appreciation (Depreciation) | 27,825,102 | 50,144,079 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 40,897,014 | 61,095,542 |
Distributions1 | ||
Institutional Shares | (3,751,166) | (3,467,753) |
Institutional Plus Shares | (4,332,922) | (3,565,031) |
Total Distributions | (8,084,088) | (7,032,784) |
Capital Share Transactions | ||
Institutional Shares | (12,893,969) | (14,747,377) |
Institutional Plus Shares | (906,093) | 2,853,989 |
Net Increase (Decrease) from Capital Share Transactions | (13,800,062) | (11,893,388) |
Total Increase (Decrease) | 19,012,864 | 42,169,370 |
Net Assets | ||
Beginning of Period | 242,172,895 | 200,003,525 |
End of Period | 261,185,759 | 242,172,895 |
1 | Certain prior-period numbers have been reclassified to conform with the current-period presentation. |
Institutional Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended December 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | |
Net Asset Value, Beginning of Period | $290.23 | $227.55 | $243.46 | $203.83 | $186.62 |
Investment Operations | |||||
Net Investment Income | 5.2611 | 5.2031 | 5.0591 | 4.3791 | 4.210 |
Net Realized and Unrealized Gain (Loss) on Investments | 46.122 | 65.746 | (15.434) | 39.687 | 17.814 |
Total from Investment Operations | 51.383 | 70.949 | (10.375) | 44.066 | 22.024 |
Distributions | |||||
Dividends from Net Investment Income | (5.273) | (5.550) | (4.837) | (4.436) | (4.223) |
Distributions from Realized Capital Gains | (4.870) | (2.719) | (.698) | — | (.591) |
Total Distributions | (10.143) | (8.269) | (5.535) | (4.436) | (4.814) |
Net Asset Value, End of Period | $331.47 | $290.23 | $227.55 | $243.46 | $203.83 |
Total Return | 18.39% | 31.46% | -4.42% | 21.79% | 11.93% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $119,012 | $116,814 | $104,296 | $140,591 | $120,014 |
Ratio of Total Expenses to Average Net Assets | 0.035% | 0.035% | 0.035% | 0.04% | 0.04% |
Ratio of Net Investment Income to Average Net Assets | 1.83% | 1.98% | 2.03% | 1.96% | 2.19% |
Portfolio Turnover Rate2 | 4% | 4% | 6% | 5% | 5% |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
Institutional Plus Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended December 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | |
Net Asset Value, Beginning of Period | $290.25 | $227.57 | $243.48 | $203.84 | $186.63 |
Investment Operations | |||||
Net Investment Income | 5.3101 | 5.2521 | 5.1671 | 4.4141 | 4.248 |
Net Realized and Unrealized Gain (Loss) on Investments | 46.108 | 65.739 | (15.503) | 39.705 | 17.814 |
Total from Investment Operations | 51.418 | 70.991 | (10.336) | 44.119 | 22.062 |
Distributions | |||||
Dividends from Net Investment Income | (5.318) | (5.592) | (4.876) | (4.479) | (4.261) |
Distributions from Realized Capital Gains | (4.870) | (2.719) | (.698) | — | (.591) |
Total Distributions | (10.188) | (8.311) | (5.574) | (4.479) | (4.852) |
Net Asset Value, End of Period | $331.48 | $290.25 | $227.57 | $243.48 | $203.84 |
Total Return | 18.41% | 31.48% | -4.41% | 21.82% | 11.95% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $142,174 | $125,359 | $95,707 | $91,567 | $91,481 |
Ratio of Total Expenses to Average Net Assets | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
Ratio of Net Investment Income to Average Net Assets | 1.84% | 1.99% | 2.05% | 1.98% | 2.21% |
Portfolio Turnover Rate2 | 4% | 4% | 6% | 5% | 5% |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 259,803,983 | — | — | 259,803,983 |
Temporary Cash Investments | 1,342,090 | 51,981 | — | 1,394,071 |
Total | 261,146,073 | 51,981 | — | 261,198,054 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 8,742 | — | — | 8,742 |
Swap Contracts | — | 950 | — | 950 |
Total | 8,742 | 950 | — | 9,692 |
Liabilities | ||||
Swap Contracts | — | 5,325 | — | 5,325 |
1 | Represents variation margin on the last day of the reporting period. |
D. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions, distributions in connection with fund share redemptions, and swap agreements were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 3,447,042 |
Total Distributable Earnings (Loss) | (3,447,042) |
Amount ($000) | |
Undistributed Ordinary Income | 179,484 |
Undistributed Long-Term Gains | 2,635,282 |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 155,529,660 |
Year Ended December 31, | ||
2020 Amount ($000) | 2019 Amount ($000) | |
Ordinary Income* | 4,324,881 | 4,784,546 |
Long-Term Capital Gains | 3,759,207 | 2,248,238 |
Total | 8,084,088 | 7,032,784 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 105,668,395 |
Gross Unrealized Appreciation | 162,856,776 |
Gross Unrealized Depreciation | (7,327,116) |
Net Unrealized Appreciation (Depreciation) | 155,529,660 |
E. | During the year ended December 31, 2020, the fund purchased $12,647,550,000 of investment securities and sold $30,835,185,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,266,405,000 and $4,454,141,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Year Ended December 31, | |||||
2020 | 2019 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 16,030,122 | 57,378 | 14,883,249 | 56,631 | |
Issued in Lieu of Cash Distributions | 3,469,785 | 12,450 | 3,215,012 | 11,843 | |
Redeemed | (32,393,876) | (113,270) | (32,845,638) | (124,329) | |
Net Increase (Decrease)—Institutional Shares | (12,893,969) | (43,442) | (14,747,377) | (55,855) | |
Institutional Plus Shares | |||||
Issued | 20,850,601 | 73,122 | 19,449,819 | 74,177 | |
Issued in Lieu of Cash Distributions | 4,174,182 | 14,912 | 3,447,974 | 12,677 | |
Redeemed | (25,930,876) | (91,033) | (20,043,804) | (75,519) | |
Net Increase (Decrease)—Institutional Plus Shares | (906,093) | (2,999) | 2,853,989 | 11,335 |
G. | Management has determined that no events or transactions occurred subsequent to December 31, 2020, that would require recognition or disclosure in these financial statements. |
Your Fund’s Performance at a Glance | 1 |
About Your Fund’s Expenses | 2 |
Performance Summary | 4 |
Financial Statements | 6 |
• | Vanguard Institutional Total Stock Market Index Fund returned 20.99% for both its Institutional Shares and Institutional Plus Shares for the 12 months ended December 31, 2020. |
• | The period was marked by the global spread of COVID-19 and efforts to contain it. Responses from policymakers, the creation and start of distribution of vaccines, and the easing of some restrictions soon lifted investor sentiment. Stock markets hit highs in December. After an initial period of high volatility and low liquidity in the bond markets, yields fell and prices rose amid unprecedented actions taken by governments and central banks to blunt the virus’s economic impact. |
• | The fund, which offers investors exposure to every segment, size, and style of the U.S. equity market, closely tracked its target index, the CRSP US Total Market Index. |
• | The technology and consumer discretionary sectors were among the largest contributors to the fund’s performance. Financials and energy were among the biggest detractors. |
Average Annual Total Returns Periods Ended December 31, 2020 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 20.96% | 14.82% | 15.60% |
Russell 2000 Index (Small-caps) | 19.96 | 10.25 | 13.26 |
Russell 3000 Index (Broad U.S. market) | 20.89 | 14.49 | 15.43 |
FTSE All-World ex US Index (International) | 11.22 | 5.18 | 9.16 |
Bonds | |||
Bloomberg Barclays U.S. Aggregate Bond Index (Broad taxable market) | 7.51% | 5.34% | 4.44% |
Bloomberg Barclays Municipal Bond Index (Broad tax-exempt market) | 5.21 | 4.64 | 3.91 |
FTSE Three-Month U.S. Treasury Bill Index | 0.58 | 1.56 | 1.16 |
CPI | |||
Consumer Price Index | 1.36% | 1.85% | 1.95% |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund’s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended December 31, 2020 | |||
Institutional Total Stock Market Index Fund | Beginning Account Value 6/30/2020 | Ending Account Value 12/31/2020 | Expenses Paid During Period |
Based on Actual Fund Return | |||
Institutional Shares | $1,000.00 | $1,252.52 | $0.17 |
Institutional Plus Shares | 1,000.00 | 1,252.42 | 0.11 |
Based on Hypothetical 5% Yearly Return | |||
Institutional Shares | $1,000.00 | $1,024.99 | $0.15 |
Institutional Plus Shares | 1,000.00 | 1,025.04 | 0.10 |
Average Annual Total Returns Periods Ended December 31, 2020 | |||||
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
![]() | Institutional Total Stock Market Index Fund Institutional Shares | 20.99% | 15.45% | 13.82% | $18,251,196 |
![]() | Spliced Institutional Total Stock Market Index | 20.99 | 15.44 | 13.80 | 18,219,047 |
![]() | Dow Jones U.S. Total Stock Market Float Adjusted Index | 20.79 | 15.36 | 13.74 | 18,120,128 |
One Year | Five Years | Ten Years | Final Value of a $100,000,000 Investment | ||
Institutional Total Stock Market Index Fund Institutional Plus Shares | 20.99% | 15.46% | 13.84% | $365,619,790 | |
Spliced Institutional Total Stock Market Index | 20.99 | 15.44 | 13.80 | 364,380,940 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 20.79 | 15.36 | 13.74 | 362,402,560 |
Basic Materials | 2.0% |
Consumer Discretionary | 16.6 |
Consumer Staples | 5.2 |
Energy | 2.3 |
Financials | 10.6 |
Health Care | 13.6 |
Industrials | 13.8 |
Real Estate | 3.4 |
Technology | 26.2 |
Telecommunications | 3.3 |
Utilities | 3.0 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.4%) | |||
Basic Materials (1.9%) | |||
Linde plc | 447,864 | 118,017 | |
Air Products and Chemicals Inc. | 188,777 | 51,578 | |
Ecolab Inc. | 219,285 | 47,445 | |
Newmont Corp. | 685,539 | 41,057 | |
Dow Inc. | 631,255 | 35,035 | |
Freeport-McMoRan Inc. | 1,237,180 | 32,191 | |
Fastenal Co. | 489,821 | 23,918 | |
LyondellBasell Industries NV Class A | 213,202 | 19,542 | |
International Paper Co. | 331,836 | 16,499 | |
Nucor Corp. | 255,733 | 13,602 | |
Albemarle Corp. | 91,027 | 13,428 | |
Celanese Corp. Class A | 99,442 | 12,921 | |
FMC Corp. | 111,002 | 12,757 | |
Eastman Chemical Co. | 114,567 | 11,489 | |
Avery Dennison Corp. | 71,370 | 11,070 | |
1 | International Flavors & Fragrances Inc. | 91,763 | 9,987 |
CF Industries Holdings Inc. | 182,357 | 7,059 | |
Mosaic Co. | 292,235 | 6,724 | |
Scotts Miracle-Gro Co. | 33,322 | 6,636 | |
Reliance Steel & Aluminum Co. | 53,452 | 6,401 | |
Steel Dynamics Inc. | 170,255 | 6,277 | |
Royal Gold Inc. | 56,415 | 6,000 | |
Cleveland-Cliffs Inc. | 343,017 | 4,994 | |
Timken Co. | 57,198 | 4,425 | |
Huntsman Corp. | 165,925 | 4,171 | |
Ashland Global Holdings Inc. | 51,211 | 4,056 | |
Rexnord Corp. | 95,631 | 3,776 | |
Valvoline Inc. | 159,501 | 3,691 | |
* | Alcoa Corp. | 159,068 | 3,667 |
* | RBC Bearings Inc. | 19,959 | 3,573 |
Chemours Co. | 141,575 | 3,510 | |
Hexcel Corp. | 71,859 | 3,484 | |
Balchem Corp. | 27,978 | 3,224 | |
Element Solutions Inc. | 180,291 | 3,197 | |
W R Grace & Co. | 55,743 | 3,056 | |
Avient Corp. | 75,401 | 3,037 | |
NewMarket Corp. | 7,527 | 2,998 | |
U.S. Steel Corp. | 173,562 | 2,911 |
Shares | Market Value• ($000) | ||
Quaker Chemical Corp. | 11,450 | 2,901 | |
Olin Corp. | 118,096 | 2,900 | |
Hecla Mining Co. | 447,431 | 2,899 | |
* | Univar Solutions Inc. | 144,622 | 2,749 |
Sensient Technologies Corp. | 37,245 | 2,748 | |
* | Ingevity Corp. | 35,267 | 2,671 |
UFP Industries Inc. | 47,910 | 2,661 | |
* | Arconic Corp. | 84,841 | 2,528 |
*,1 | MP Materials Corp. | 72,565 | 2,334 |
Westlake Chemical Corp. | 26,896 | 2,195 | |
Commercial Metals Co. | 104,642 | 2,149 | |
Stepan Co. | 17,651 | 2,106 | |
Cabot Corp. | 44,622 | 2,003 | |
* | Coeur Mining Inc. | 192,281 | 1,990 |
Innospec Inc. | 21,468 | 1,948 | |
Compass Minerals International Inc. | 29,911 | 1,846 | |
Minerals Technologies Inc. | 29,002 | 1,802 | |
Mueller Industries Inc. | 44,941 | 1,578 | |
Worthington Industries Inc. | 30,545 | 1,568 | |
Domtar Corp. | 48,915 | 1,548 | |
Boise Cascade Co. | 31,813 | 1,521 | |
Kaiser Aluminum Corp. | 12,688 | 1,255 | |
* | GCP Applied Technologies Inc. | 52,192 | 1,234 |
Carpenter Technology Corp. | 40,222 | 1,171 | |
Materion Corp. | 18,246 | 1,163 | |
GrafTech International Ltd. | 103,921 | 1,108 | |
Schweitzer-Mauduit International Inc. | 26,059 | 1,048 | |
* | Tronox Holdings plc Class A | 71,228 | 1,041 |
Neenah Inc. | 15,436 | 854 | |
*,1 | Amyris Inc. | 124,995 | 772 |
Schnitzer Steel Industries Inc. Class A | 22,808 | 728 | |
* | Kraton Corp. | 25,015 | 695 |
Glatfelter Corp. | 41,191 | 675 | |
* | Koppers Holdings Inc. | 19,144 | 597 |
PQ Group Holdings Inc. | 37,292 | 532 | |
* | Clearwater Paper Corp. | 13,856 | 523 |
* | Century Aluminum Co. | 45,543 | 502 |
US Silica Holdings Inc. | 68,908 | 484 | |
* | AdvanSix Inc. | 23,953 | 479 |
*,1 | Energy Fuels Inc. | 112,373 | 479 |
Tredegar Corp. | 24,492 | 409 | |
Hawkins Inc. | 7,704 | 403 | |
Omega Flex Inc. | 2,751 | 402 | |
American Vanguard Corp. | 25,232 | 392 | |
Verso Corp. Class A | 27,730 | 333 | |
*,1 | Uranium Energy Corp. | 185,676 | 327 |
* | Rayonier Advanced Materials Inc. | 49,878 | 325 |
Haynes International Inc. | 11,989 | 286 | |
* | Hycroft Mining Holding Corp. | 34,912 | 274 |
FutureFuel Corp. | 21,259 | 270 | |
* | Unifi Inc. | 14,529 | 258 |
* | NN Inc. | 37,962 | 249 |
* | Resolute Forest Products Inc. | 37,664 | 246 |
* | Gatos Silver Inc. | 15,685 | 204 |
* | Intrepid Potash Inc. | 8,217 | 198 |
Shares | Market Value• ($000) | ||
* | Ryerson Holding Corp. | 12,827 | 175 |
Culp Inc. | 10,134 | 161 | |
* | TimkenSteel Corp. | 33,327 | 156 |
Gold Resource Corp. | 50,034 | 146 | |
* | Ur-Energy Inc. | 140,240 | 112 |
Eastern Co. | 4,309 | 104 | |
Northern Technologies International Corp. | 8,968 | 95 | |
Olympic Steel, Inc. | 6,414 | 86 | |
* | Marrone Bio Innovations Inc. | 63,675 | 80 |
* | LSB Industries Inc. | 23,079 | 78 |
* | Ampco-Pittsburgh Corp. | 12,799 | 70 |
* | Synalloy Corp. | 8,499 | 66 |
Friedman Industries Inc. | 8,845 | 61 | |
* | Universal Stainless & Alloy Products Inc. | 6,638 | 50 |
NL Industries Inc. | 7,172 | 34 | |
* | Solitario Zinc Corp. | 56,114 | 32 |
* | Hycroft Mining Holding Corp.Warrants Exp. 10/5/23 | 20,000 | 31 |
United-Guardian Inc. | 2,129 | 30 | |
2 | Fortitude Gold Corp. | 14,295 | 15 |
635,546 | |||
Consumer Discretionary (16.5%) | |||
* | Amazon.com Inc. | 364,083 | 1,185,793 |
* | Tesla Inc. | 647,312 | 456,789 |
* | Walt Disney Co. | 1,542,635 | 279,495 |
Home Depot Inc. | 919,174 | 244,151 | |
* | Netflix Inc. | 377,138 | 203,930 |
Walmart Inc. | 1,209,720 | 174,381 | |
NIKE Inc. Class B | 1,071,589 | 151,598 | |
Costco Wholesale Corp. | 376,707 | 141,936 | |
McDonald's Corp. | 636,253 | 136,527 | |
Starbucks Corp. | 1,001,827 | 107,175 | |
Lowe's Cos. Inc. | 625,266 | 100,361 | |
* | Booking Holdings Inc. | 34,943 | 77,827 |
Target Corp. | 427,235 | 75,420 | |
TJX Cos. Inc. | 920,326 | 62,849 | |
Activision Blizzard Inc. | 659,932 | 61,275 | |
* | Uber Technologies Inc. | 978,444 | 49,901 |
Estee Lauder Cos. Inc. Class A | 174,127 | 46,351 | |
Dollar General Corp. | 212,333 | 44,654 | |
General Motors Co. | 1,037,909 | 43,219 | |
Ross Stores Inc. | 303,341 | 37,253 | |
Electronic Arts Inc. | 247,707 | 35,571 | |
* | Lululemon Athletica Inc. | 101,285 | 35,250 |
* | Chipotle Mexican Grill Inc. Class A | 23,861 | 33,088 |
* | Peloton Interactive Inc. Class A | 207,033 | 31,411 |
Aptiv plc | 230,053 | 29,974 | |
Ford Motor Co. | 3,332,836 | 29,296 | |
* | Trade Desk Inc. Class A | 35,758 | 28,642 |
eBay Inc. | 557,846 | 28,032 | |
* | O'Reilly Automotive Inc. | 61,808 | 27,972 |
Yum! Brands Inc. | 257,153 | 27,917 | |
Marriott International Inc. Class A | 207,008 | 27,308 | |
Hilton Worldwide Holdings Inc. | 236,088 | 26,267 | |
Southwest Airlines Co. | 504,188 | 23,500 | |
* | AutoZone Inc. | 19,796 | 23,467 |
Shares | Market Value• ($000) | ||
* | Copart Inc. | 181,227 | 23,061 |
VF Corp. | 265,576 | 22,683 | |
Delta Air Lines Inc. | 543,216 | 21,843 | |
* | Dollar Tree Inc. | 200,176 | 21,627 |
* | Take-Two Interactive Software Inc. | 98,318 | 20,429 |
DR Horton Inc. | 294,865 | 20,322 | |
Best Buy Co. Inc. | 198,614 | 19,820 | |
Las Vegas Sands Corp. | 325,277 | 19,386 | |
* | Etsy Inc. | 107,505 | 19,126 |
Lennar Corp. Class A | 228,977 | 17,455 | |
ViacomCBS Inc. Class B | 467,126 | 17,405 | |
Garmin Ltd. | 130,729 | 15,643 | |
Expedia Group Inc. | 115,970 | 15,354 | |
* | Burlington Stores Inc. | 56,485 | 14,774 |
* | Carvana Co. Class A | 60,329 | 14,451 |
Tractor Supply Co. | 99,366 | 13,969 | |
Tiffany & Co. | 103,987 | 13,669 | |
* | Wayfair Inc. Class A | 59,161 | 13,359 |
Darden Restaurants Inc. | 111,143 | 13,239 | |
* | CarMax Inc. | 139,763 | 13,202 |
* | Ulta Beauty Inc. | 45,723 | 13,130 |
Domino's Pizza Inc. | 33,542 | 12,862 | |
* | Caesars Entertainment Inc. | 169,092 | 12,558 |
Genuine Parts Co. | 122,384 | 12,291 | |
* | NVR Inc. | 2,987 | 12,187 |
Royal Caribbean Cruises Ltd. | 162,643 | 12,148 | |
Pool Corp. | 32,571 | 12,133 | |
Omnicom Group Inc. | 182,026 | 11,353 | |
MGM Resorts International | 359,315 | 11,322 | |
* | United Airlines Holdings Inc. | 253,483 | 10,963 |
* | Penn National Gaming Inc. | 126,274 | 10,906 |
* | DraftKings Inc. Class A | 232,194 | 10,811 |
* | Lyft Inc. Class A | 211,178 | 10,375 |
Carnival Corp. | 476,668 | 10,325 | |
Hasbro Inc. | 109,961 | 10,286 | |
Fortune Brands Home & Security Inc. | 117,999 | 10,115 | |
Whirlpool Corp. | 53,109 | 9,586 | |
Vail Resorts Inc. | 34,124 | 9,519 | |
* | Chegg Inc. | 105,030 | 9,487 |
Wynn Resorts Ltd. | 82,756 | 9,337 | |
PulteGroup Inc. | 214,813 | 9,263 | |
Advance Auto Parts Inc. | 57,610 | 9,074 | |
* | Bright Horizons Family Solutions Inc. | 51,701 | 8,944 |
* | Live Nation Entertainment Inc. | 121,239 | 8,909 |
* | Zynga Inc. Class A | 876,355 | 8,650 |
* | Five Below Inc. | 48,023 | 8,403 |
Aramark | 216,546 | 8,333 | |
Fox Corp. Class A | 282,566 | 8,228 | |
BorgWarner Inc. | 209,000 | 8,076 | |
Lear Corp. | 50,538 | 8,037 | |
Interpublic Group of Cos. Inc. | 332,723 | 7,826 | |
* | LKQ Corp. | 221,619 | 7,810 |
* | Floor & Decor Holdings Inc. Class A | 83,191 | 7,724 |
* | Liberty Media Corp.-Liberty Formula One Class C | 174,792 | 7,446 |
* | IAA Inc. | 114,541 | 7,443 |
Shares | Market Value• ($000) | ||
1 | American Airlines Group Inc. | 471,225 | 7,431 |
Rollins Inc. | 188,319 | 7,358 | |
News Corp. Class A | 408,815 | 7,346 | |
Tapestry Inc. | 235,771 | 7,328 | |
Gentex Corp. | 210,349 | 7,137 | |
L Brands Inc. | 189,755 | 7,057 | |
* | Discovery Inc. Class C | 264,771 | 6,934 |
* | Deckers Outdoor Corp. | 24,030 | 6,891 |
* | Norwegian Cruise Line Holdings Ltd. | 270,781 | 6,886 |
Newell Brands Inc. | 322,432 | 6,845 | |
Service Corp. International | 138,663 | 6,808 | |
* | Mohawk Industries Inc. | 48,174 | 6,790 |
New York Times Co. Class A | 128,300 | 6,642 | |
Williams-Sonoma Inc. | 64,775 | 6,597 | |
Nielsen Holdings plc | 308,230 | 6,433 | |
* | Airbnb Inc. Class A | 42,712 | 6,270 |
Lithia Motors Inc. Class A | 21,228 | 6,213 | |
* | RH | 13,241 | 5,926 |
* | SiteOne Landscape Supply Inc. | 37,276 | 5,913 |
Churchill Downs Inc. | 30,283 | 5,899 | |
* | Terminix Global Holdings Inc. | 113,614 | 5,795 |
PVH Corp. | 61,045 | 5,731 | |
Sirius XM Holdings Inc. | 892,536 | 5,685 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 128,466 | 5,590 |
Kohl's Corp. | 135,890 | 5,529 | |
Alaska Air Group Inc. | 105,991 | 5,512 | |
* | Planet Fitness Inc. Class A | 70,367 | 5,463 |
* | Chewy Inc. Class A | 59,907 | 5,385 |
* | Capri Holdings Ltd. | 126,488 | 5,312 |
Dolby Laboratories Inc. Class A | 54,603 | 5,304 | |
* | Mattel Inc. | 300,107 | 5,237 |
Leggett & Platt Inc. | 114,113 | 5,055 | |
Gap Inc. | 241,779 | 4,882 | |
Marriott Vacations Worldwide Corp. | 35,215 | 4,832 | |
Harley-Davidson Inc. | 130,792 | 4,800 | |
Polaris Inc. | 50,259 | 4,789 | |
* | AutoNation Inc. | 66,666 | 4,653 |
* | YETI Holdings Inc. | 67,273 | 4,606 |
Wyndham Hotels & Resorts Inc. | 77,311 | 4,595 | |
* | Tempur Sealy International Inc. | 169,202 | 4,568 |
Hanesbrands Inc. | 301,310 | 4,393 | |
Texas Roadhouse Inc. Class A | 55,910 | 4,370 | |
* | BJ's Wholesale Club Holdings Inc. | 115,611 | 4,310 |
Toll Brothers Inc. | 97,439 | 4,236 | |
* | Skechers USA Inc. Class A | 116,836 | 4,199 |
Thor Industries Inc. | 44,490 | 4,137 | |
* | Fox Corp. Class B | 137,184 | 3,962 |
* | Ollie's Bargain Outlet Holdings Inc. | 48,132 | 3,936 |
Nexstar Media Group Inc. Class A | 35,943 | 3,925 | |
* | Digital Turbine Inc. | 68,731 | 3,887 |
* | Discovery Inc. Class A | 128,778 | 3,875 |
* | JetBlue Airways Corp. | 265,413 | 3,859 |
* | Fox Factory Holding Corp. | 36,054 | 3,811 |
Ralph Lauren Corp. Class A | 36,215 | 3,757 | |
* | frontdoor Inc. | 73,701 | 3,701 |
Shares | Market Value• ($000) | ||
* | Grand Canyon Education Inc. | 39,092 | 3,640 |
Foot Locker Inc. | 89,971 | 3,638 | |
Qurate Retail Inc. Series A | 329,872 | 3,619 | |
AMERCO | 7,569 | 3,436 | |
Carter's Inc. | 36,387 | 3,423 | |
Wingstop Inc. | 25,814 | 3,422 | |
* | Crocs Inc. | 54,082 | 3,389 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 77,904 | 3,365 |
Wendy's Co. | 152,744 | 3,348 | |
Wyndham Destinations Inc. | 73,714 | 3,307 | |
Sabre Corp. | 274,435 | 3,299 | |
Choice Hotels International Inc. | 30,761 | 3,283 | |
* | National Vision Holdings Inc. | 70,154 | 3,177 |
PROG Holdings Inc. | 58,538 | 3,153 | |
1 | Macy's Inc. | 271,073 | 3,050 |
* | Cardlytics Inc. | 21,157 | 3,021 |
Murphy USA Inc. | 22,564 | 2,953 | |
* | Under Armour Inc. Class A | 171,700 | 2,948 |
Nordstrom Inc. | 94,363 | 2,945 | |
* | Stamps.com Inc. | 14,898 | 2,923 |
* | Stitch Fix Inc. Class A | 49,582 | 2,911 |
Dick's Sporting Goods Inc. | 51,472 | 2,893 | |
* | Scientific Games Corp. Class A | 69,469 | 2,882 |
* | Visteon Corp. | 22,834 | 2,866 |
Boyd Gaming Corp. | 66,722 | 2,864 | |
* | Madison Square Garden Sports Corp. | 15,383 | 2,832 |
* | Taylor Morrison Home Corp. Class A | 107,210 | 2,750 |
Cracker Barrel Old Country Store Inc. | 20,218 | 2,667 | |
* | Meritage Homes Corp. | 32,056 | 2,655 |
H&R Block Inc. | 166,698 | 2,644 | |
* | Shake Shack Inc. Class A | 31,093 | 2,636 |
TEGNA Inc. | 187,847 | 2,620 | |
Warner Music Group Corp. Class A | 68,897 | 2,617 | |
American Eagle Outfitters Inc. | 127,976 | 2,568 | |
LCI Industries | 19,630 | 2,546 | |
KB Home | 73,815 | 2,474 | |
Dana Inc. | 124,350 | 2,427 | |
Six Flags Entertainment Corp. | 70,725 | 2,412 | |
* | 2U Inc. | 59,485 | 2,380 |
Columbia Sportswear Co. | 27,113 | 2,369 | |
Hyatt Hotels Corp. Class A | 31,647 | 2,350 | |
* | Asbury Automotive Group Inc. | 16,093 | 2,345 |
* | Under Armour Inc. Class C | 157,380 | 2,342 |
* | Hilton Grand Vacations Inc. | 73,382 | 2,301 |
Steven Madden Ltd. | 64,590 | 2,281 | |
Papa John's International Inc. | 26,631 | 2,260 | |
Brinker International Inc. | 39,836 | 2,254 | |
Goodyear Tire & Rubber Co. | 204,251 | 2,228 | |
Allegiant Travel Co. Class A | 11,581 | 2,192 | |
Wolverine World Wide Inc. | 69,724 | 2,179 | |
* | Sonos Inc. | 91,802 | 2,147 |
* | TripAdvisor Inc. | 74,586 | 2,147 |
KAR Auction Services Inc. | 113,828 | 2,118 | |
* | Dorman Products Inc. | 23,980 | 2,082 |
* | LGI Homes Inc. | 19,378 | 2,051 |
Shares | Market Value• ($000) | ||
* | Spirit Airlines Inc. | 82,886 | 2,027 |
Strategic Education Inc. | 21,214 | 2,022 | |
Extended Stay America Inc. | 136,274 | 2,018 | |
* | Selectquote Inc. | 97,018 | 2,013 |
MDC Holdings Inc. | 41,190 | 2,002 | |
Callaway Golf Co. | 82,892 | 1,990 | |
* | iRobot Corp. | 23,967 | 1,924 |
* | TRI Pointe Group Inc. | 111,197 | 1,918 |
World Wrestling Entertainment Inc. Class A | 39,721 | 1,909 | |
* | Sleep Number Corp. | 23,280 | 1,906 |
Group 1 Automotive Inc. | 14,519 | 1,904 | |
Bed Bath & Beyond Inc. | 105,500 | 1,874 | |
* | Gentherm Inc. | 27,768 | 1,811 |
* | Madison Square Garden Entertainment Corp. | 16,993 | 1,785 |
* | Kontoor Brands Inc. | 43,930 | 1,782 |
Coty Inc. Class A | 253,671 | 1,781 | |
Rent-A-Center Inc. | 45,474 | 1,741 | |
Cooper Tire & Rubber Co. | 42,828 | 1,735 | |
Jack in the Box Inc. | 18,632 | 1,729 | |
* | Lordstown Motors Corp. Class A | 85,676 | 1,719 |
Rush Enterprises Inc. Class A | 41,427 | 1,716 | |
Graham Holdings Co. Class B | 3,204 | 1,709 | |
Herman Miller Inc. | 50,280 | 1,699 | |
* | Overstock.com Inc. | 35,200 | 1,689 |
John Wiley & Sons Inc. Class A | 36,686 | 1,675 | |
Winnebago Industries Inc. | 27,248 | 1,633 | |
PriceSmart Inc. | 17,568 | 1,600 | |
* | Avis Budget Group Inc. | 42,389 | 1,581 |
Cinemark Holdings Inc. | 89,673 | 1,561 | |
*,1 | Fisker Inc. | 106,474 | 1,560 |
SkyWest Inc. | 38,476 | 1,551 | |
Penske Automotive Group Inc. | 25,909 | 1,539 | |
* | Knowles Corp. | 83,093 | 1,531 |
La-Z-Boy Inc. | 37,842 | 1,508 | |
Big Lots Inc. | 34,301 | 1,473 | |
Monro Inc. | 27,040 | 1,441 | |
* | Skyline Champion Corp. | 46,084 | 1,426 |
* | Fitbit Inc. Class A | 206,188 | 1,402 |
Red Rock Resorts Inc. Class A | 55,698 | 1,395 | |
* | SeaWorld Entertainment Inc. | 44,127 | 1,394 |
Cheesecake Factory Inc. | 37,077 | 1,374 | |
* | Adtalem Global Education Inc. | 40,416 | 1,372 |
* | Laureate Education Inc. Class A | 93,876 | 1,367 |
ODP Corp. | 46,544 | 1,364 | |
Bloomin' Brands Inc. | 69,603 | 1,352 | |
* | Sally Beauty Holdings Inc. | 101,839 | 1,328 |
Sinclair Broadcast Group Inc. Class A | 41,547 | 1,323 | |
* | Cavco Industries Inc. | 7,515 | 1,318 |
* | Urban Outfitters Inc. | 51,472 | 1,318 |
* | Tupperware Brands Corp. | 40,553 | 1,313 |
* | Purple Innovation Inc. Class A | 39,188 | 1,291 |
HNI Corp. | 36,056 | 1,242 | |
Signet Jewelers Ltd. | 44,116 | 1,203 | |
Acushnet Holdings Corp. | 29,369 | 1,191 | |
Lennar Corp. Class B | 19,255 | 1,178 |
Shares | Market Value• ($000) | ||
* | Vista Outdoor Inc. | 49,412 | 1,174 |
* | Glu Mobile Inc. | 127,275 | 1,147 |
Dave & Buster's Entertainment Inc. | 38,090 | 1,143 | |
* | Century Communities Inc. | 26,082 | 1,142 |
* | Lions Gate Entertainment Corp. Class B | 109,994 | 1,142 |
* | Gray Television Inc. | 63,364 | 1,134 |
* | Malibu Boats Inc. Class A | 17,883 | 1,117 |
* | M/I Homes Inc. | 24,997 | 1,107 |
* | Boot Barn Holdings Inc. | 25,177 | 1,092 |
Abercrombie & Fitch Co. Class A | 52,812 | 1,075 | |
* | Central Garden & Pet Co. Class A | 29,495 | 1,072 |
* | Leslie's Inc. | 38,313 | 1,063 |
* | Everi Holdings Inc. | 75,723 | 1,046 |
Levi Strauss & Co. Class A | 51,738 | 1,039 | |
* | Liberty Media Corp.- Liberty Braves Class C | 41,469 | 1,032 |
* | WW International Inc. | 39,816 | 971 |
* | RealReal Inc. | 49,529 | 968 |
Oxford Industries Inc. | 14,751 | 966 | |
* | elf Beauty Inc. | 38,317 | 965 |
Sturm Ruger & Co. Inc. | 14,825 | 965 | |
Inter Parfums Inc. | 15,735 | 952 | |
Franchise Group Inc. | 30,565 | 931 | |
* | QuinStreet Inc. | 42,563 | 913 |
*,1 | Blink Charging Co. | 20,713 | 885 |
Steelcase Inc. Class A | 64,570 | 875 | |
* | GoPro Inc. Class A | 105,385 | 873 |
* | At Home Group Inc. | 55,462 | 857 |
Camping World Holdings Inc. Class A | 32,762 | 853 | |
* | Michaels Cos. Inc. | 64,794 | 843 |
Smith & Wesson Brands Inc. | 47,372 | 841 | |
*,1 | AMC Networks Inc. Class A | 23,096 | 826 |
Matthews International Corp. Class A | 28,052 | 825 | |
* | G-III Apparel Group Ltd. | 34,653 | 823 |
* | Clean Energy Fuels Corp. | 102,123 | 803 |
Dine Brands Global Inc. | 13,806 | 801 | |
* | American Axle & Manufacturing Holdings Inc. | 94,039 | 784 |
*,1 | GameStop Corp. Class A | 41,319 | 778 |
* | ANGI Homeservices Inc. Class A | 58,162 | 767 |
* | Denny's Corp. | 51,451 | 755 |
* | Stride Inc. | 35,264 | 749 |
EW Scripps Co. Class A | 47,437 | 725 | |
Guess? Inc. | 32,007 | 724 | |
* | Hibbett Sports Inc. | 15,640 | 722 |
Buckle Inc. | 24,494 | 715 | |
* | Lumber Liquidators Holdings Inc. | 23,124 | 711 |
* | XPEL Inc. | 13,714 | 707 |
Viad Corp. | 19,290 | 698 | |
* | Zumiez Inc. | 18,969 | 698 |
* | Stoneridge Inc. | 23,032 | 696 |
* | Revolve Group Inc. | 22,201 | 692 |
Meredith Corp. | 35,965 | 691 | |
Standard Motor Products Inc. | 17,073 | 691 | |
BJ's Restaurants Inc. | 17,469 | 672 | |
Sonic Automotive Inc. Class A | 17,413 | 672 | |
* | Perdoceo Education Corp. | 53,018 | 670 |
Shares | Market Value• ($000) | ||
* | Cars.com Inc. | 58,727 | 664 |
* | Monarch Casino & Resort Inc. | 10,701 | 655 |
Knoll Inc. | 43,323 | 636 | |
* | Sportsman's Warehouse Holdings Inc. | 36,261 | 636 |
Bally S Corp. | 12,607 | 633 | |
* | iHeartMedia Inc. Class A | 48,573 | 630 |
* | America's Car-Mart Inc. | 5,596 | 615 |
* | Quotient Technology Inc. | 64,025 | 603 |
Children's Place Inc. | 11,900 | 596 | |
Hawaiian Holdings Inc. | 33,630 | 595 | |
* | MarineMax Inc. | 16,925 | 593 |
Interface Inc. Class A | 53,869 | 566 | |
* | Aaron's Co. Inc. | 29,269 | 555 |
* | Universal Electronics Inc. | 10,447 | 548 |
* | 1-800-Flowers.com Inc. Class A | 20,769 | 540 |
* | Clear Channel Outdoor Holdings Inc. | 326,130 | 538 |
Collectors Universe Inc. | 7,123 | 537 | |
* | Party City Holdco Inc. | 85,856 | 528 |
Johnson Outdoors Inc. Class A | 4,547 | 512 | |
* | Cooper-Standard Holdings Inc. | 14,478 | 502 |
* | MSG Networks Inc. Class A | 33,736 | 497 |
* | Lindblad Expeditions Holdings Inc. | 27,429 | 470 |
Ruth's Hospitality Group Inc. | 26,193 | 464 | |
* | Accel Entertainment Inc. Class A | 45,855 | 463 |
Systemax Inc. | 12,806 | 460 | |
Carriage Services Inc. Class A | 14,663 | 459 | |
* | Beazer Homes USA Inc. | 29,658 | 449 |
Designer Brands Inc. Class A | 58,407 | 447 | |
* | Eastman Kodak Co. | 54,819 | 446 |
* | Green Brick Partners Inc. | 19,329 | 444 |
Caleres Inc. | 28,284 | 443 | |
* | Nautilus Inc. | 23,779 | 431 |
Winmark Corp. | 2,301 | 428 | |
* | Central Garden & Pet Co. | 10,945 | 423 |
* | Liberty Media Corp.- Liberty Formula One Class A | 11,125 | 423 |
National Presto Industries Inc. | 4,719 | 417 | |
* | Genesco Inc. | 13,777 | 415 |
Citi Trends Inc. | 8,342 | 414 | |
* | Corsair Gaming Inc. | 11,440 | 414 |
* | Tenneco Inc. Class A | 38,700 | 410 |
* | Master Craft Boat Holdings Inc. | 16,409 | 408 |
* | Chuy's Holdings Inc. | 15,097 | 400 |
News Corp. Class B | 22,396 | 398 | |
Kimball International Inc. Class B | 32,788 | 392 | |
* | TravelCenters of America Inc. | 11,686 | 381 |
* | CarParts.com Inc. | 30,552 | 379 |
* | American Public Education Inc. | 12,392 | 378 |
* | Gannett Co. Inc. | 111,792 | 376 |
Scholastic Corp. | 14,938 | 373 | |
* | Lions Gate Entertainment Corp. Class A | 32,524 | 370 |
* | Fossil Group Inc. | 42,289 | 367 |
Hooker Furniture Corp. | 11,101 | 358 | |
* | Motorcar Parts of America Inc. | 18,169 | 356 |
Haverty Furniture Cos. Inc. | 12,796 | 354 | |
*,1 | Vuzix Corp. | 39,005 | 354 |
Shares | Market Value• ($000) | ||
Ethan Allen Interiors Inc. | 17,483 | 353 | |
* | Golden Entertainment Inc. | 17,647 | 351 |
* | Liquidity Services Inc. | 21,474 | 342 |
* | Lovesac Co. | 7,797 | 336 |
Shoe Carnival Inc. | 8,452 | 331 | |
*,1 | Akoustis Technologies Inc. | 26,892 | 329 |
RCI Hospitality Holdings Inc. | 8,347 | 329 | |
* | Shift Technologies Inc. | 38,395 | 318 |
* | Daily Journal Corp. | 782 | 316 |
* | Houghton Mifflin Harcourt Co. | 94,840 | 316 |
*,1 | Academy Sports and Outdoors Inc. | 15,122 | 313 |
Clarus Corp. | 20,016 | 308 | |
* | Liberty TripAdvisor Holdings Inc. Class A | 66,173 | 287 |
* | El Pollo Loco Holdings Inc. | 15,765 | 285 |
Marcus Corp. | 20,480 | 276 | |
* | Del Taco Restaurants Inc. | 29,720 | 269 |
* | Noodles & Co. Class A | 32,740 | 259 |
* | Turtle Beach Corp. | 11,922 | 257 |
1 | Dillard's Inc. Class A | 4,044 | 255 |
Movado Group Inc. | 15,252 | 253 | |
Entercom Communications Corp. Class A | 101,928 | 252 | |
Flexsteel Industries Inc. | 7,090 | 248 | |
*,1 | Arcimoto Inc. | 18,511 | 245 |
* | Red Robin Gourmet Burgers Inc. | 12,253 | 236 |
* | Fiesta Restaurant Group Inc. | 20,475 | 233 |
* | Aspen Group Inc. | 20,450 | 228 |
National CineMedia Inc. | 60,261 | 224 | |
Superior Group of Cos. Inc. | 9,574 | 222 | |
* | Regis Corp. | 24,045 | 221 |
* | Carrols Restaurant Group Inc. | 33,393 | 210 |
* | Lands' End Inc. | 9,680 | 209 |
* | VistaGen Therapeutics Inc. | 106,838 | 207 |
* | American Outdoor Brands Inc. | 11,843 | 202 |
* | OneWater Marine Inc. Class A | 6,864 | 200 |
Bassett Furniture Industries Inc. | 9,932 | 199 | |
* | Container Store Group Inc. | 20,253 | 193 |
Rocky Brands Inc. | 6,816 | 191 | |
Cato Corp. Class A | 19,736 | 189 | |
* | Fluent Inc. | 35,496 | 188 |
* | Vera Bradley Inc. | 23,678 | 188 |
Escalade Inc. | 8,776 | 186 | |
* | Boston Omaha Corp. Class A | 6,681 | 185 |
* | Lakeland Industries Inc. | 6,673 | 182 |
* | PlayAGS Inc. | 24,685 | 178 |
Chico's FAS Inc. | 111,384 | 177 | |
Entravision Communications Corp. Class A | 64,395 | 177 | |
Lifetime Brands Inc. | 11,366 | 173 | |
* | Funko Inc. Class A | 16,475 | 171 |
AMC Entertainment Holdings Inc. Class A | 80,884 | 171 | |
* | Lincoln Educational Services Corp. | 25,913 | 168 |
* | Universal Technical Institute Inc. | 25,928 | 167 |
* | VOXX International Corp. Class A | 12,973 | 166 |
* | Conn's Inc. | 13,926 | 163 |
Strattec Security Corp. | 3,297 | 163 | |
Tribune Publishing Co. | 11,531 | 158 |
Shares | Market Value• ($000) | ||
* | Mesa Air Group Inc. | 23,386 | 156 |
* | CuriosityStream Inc. | 11,163 | 156 |
Tilly's Inc. Class A | 18,963 | 155 | |
* | Century Casinos Inc. | 24,110 | 154 |
* | Casper Sleep Inc. | 24,765 | 152 |
Bluegreen Vacations Holding Class A | 11,102 | 150 | |
* | Kirkland's Inc. | 8,099 | 145 |
Big 5 Sporting Goods Corp. | 14,121 | 144 | |
* | Barnes & Noble Education Inc. | 30,748 | 143 |
* | MDC Partners Inc. Class A | 54,915 | 138 |
Hamilton Beach Brands Holding Co. Class A | 7,791 | 136 | |
* | Leaf Group Ltd. | 28,384 | 132 |
Emerald Holding Inc. | 24,384 | 132 | |
Saga Communications Inc. Class A | 5,396 | 130 | |
* | Chicken Soup For The Soul Entertainment Inc. | 6,402 | 128 |
* | Drive Shack Inc. | 52,740 | 126 |
* | Duluth Holdings Inc. Class B | 11,825 | 125 |
* | Delta Apparel Inc. | 5,925 | 119 |
* | Gaia Inc. Class A | 11,846 | 117 |
Acme United Corp. | 3,895 | 117 | |
* | Thryv Holdings Inc. | 8,571 | 116 |
* | Cumulus Media Inc. Class A | 13,183 | 115 |
* | LiveXLive Media Inc. | 34,796 | 114 |
* | Zovio Inc. Class A | 23,676 | 112 |
Marine Products Corp. | 7,669 | 111 | |
* | Alta Equipment Group Inc. | 11,111 | 110 |
* | J Alexander's Holdings Inc. | 14,557 | 106 |
* | LMP Automotive Holdings Inc. | 4,172 | 104 |
* | ZAGG Inc. | 23,781 | 99 |
* | HyreCar Inc. | 13,151 | 94 |
* | ContextLogic, Inc. Class A | 5,090 | 93 |
* | Reading International Inc. Class A | 18,429 | 92 |
*,1 | Radius Global Infrastructure Inc. Class A | 7,776 | 92 |
* | RumbleON Inc. | 3,060 | 92 |
* | Lazydays Holdings Inc. | 5,685 | 92 |
* | Superior Industries International Inc. | 21,922 | 90 |
Educational Development Corp. | 5,856 | 90 | |
* | Full House Resorts Inc. | 22,955 | 90 |
Nathan's Famous Inc. | 1,617 | 89 | |
* | Potbelly Corp. | 19,904 | 88 |
*,1 | Kura Sushi USA Inc. Class A | 4,490 | 88 |
Weyco Group Inc. | 5,407 | 86 | |
A-Mark Precious Metals Inc. | 3,311 | 85 | |
Wayside Technology Group Inc. | 4,347 | 83 | |
* | Hovnanian Enterprises Inc. Class A | 2,504 | 82 |
* | Legacy Housing Corp. | 5,152 | 78 |
* | Luby's Inc. | 25,825 | 73 |
* | Biglari Holdings Inc. Class A | 123 | 72 |
* | Build-A-Bear Workshop Inc. | 16,793 | 72 |
* | Biglari Holdings Inc. Class B | 595 | 66 |
Ark Restaurants Corp. | 3,264 | 63 | |
* | Express Inc. | 67,509 | 61 |
* | Marchex Inc. Class B | 30,939 | 61 |
* | Red Lion Hotels Corp. | 17,303 | 60 |
* | New Home Co. Inc. | 12,542 | 59 |
Shares | Market Value• ($000) | ||
* | Unique Fabricating Inc. | 8,518 | 47 |
* | Lee Enterprises Inc. | 35,736 | 45 |
* | BBQ Holdings Inc. | 8,524 | 41 |
* | Vince Holding Corp. | 6,249 | 40 |
* | Good Times Restaurants Inc. | 12,665 | 36 |
* | Kewaunee Scientific Corp. | 2,881 | 36 |
*,1 | SRAX Inc. Class A | 11,610 | 36 |
A H Belo Corp. Class A | 23,150 | 35 | |
CompX International Inc. | 1,065 | 15 | |
5,417,316 | |||
Consumer Staples (5.2%) | |||
Procter & Gamble Co. | 2,120,029 | 294,981 | |
Coca-Cola Co. | 3,304,122 | 181,198 | |
PepsiCo Inc. | 1,181,267 | 175,182 | |
Philip Morris International Inc. | 1,329,490 | 110,069 | |
CVS Health Corp. | 1,117,585 | 76,331 | |
Mondelez International Inc. Class A | 1,223,160 | 71,518 | |
Altria Group Inc. | 1,585,306 | 64,998 | |
Colgate-Palmolive Co. | 732,471 | 62,634 | |
Kimberly-Clark Corp. | 290,457 | 39,162 | |
General Mills Inc. | 522,440 | 30,719 | |
Sysco Corp. | 411,903 | 30,588 | |
Constellation Brands Inc. Class A | 137,239 | 30,062 | |
* | Monster Beverage Corp. | 315,208 | 29,150 |
Walgreens Boots Alliance Inc. | 626,499 | 24,985 | |
Corteva Inc. | 638,350 | 24,717 | |
Archer-Daniels-Midland Co. | 473,932 | 23,891 | |
McKesson Corp. | 137,012 | 23,829 | |
Brown-Forman Corp. Class B | 295,488 | 23,471 | |
Clorox Co. | 107,096 | 21,625 | |
McCormick & Co. Inc. | 212,017 | 20,269 | |
Kroger Co. | 627,227 | 19,921 | |
Hershey Co. | 126,432 | 19,259 | |
Church & Dwight Co. Inc. | 210,339 | 18,348 | |
Kraft Heinz Co. | 520,527 | 18,041 | |
Tyson Foods Inc. Class A | 251,200 | 16,187 | |
Keurig Dr Pepper Inc. | 478,370 | 15,308 | |
Conagra Brands Inc. | 394,080 | 14,289 | |
Kellogg Co. | 218,967 | 13,626 | |
AmerisourceBergen Corp. Class A | 120,917 | 11,821 | |
Hormel Foods Corp. | 229,515 | 10,698 | |
J M Smucker Co. | 92,319 | 10,672 | |
Lamb Weston Holdings Inc. | 123,871 | 9,754 | |
Campbell Soup Co. | 167,453 | 8,096 | |
* | Darling Ingredients Inc. | 139,025 | 8,019 |
* | Boston Beer Co. Inc. Class A | 7,558 | 7,515 |
Bunge Ltd. | 114,003 | 7,476 | |
Molson Coors Beverage Co. Class B | 153,449 | 6,934 | |
Casey's General Stores Inc. | 31,455 | 5,619 | |
* | US Foods Holding Corp. | 166,935 | 5,561 |
* | Performance Food Group Co. | 114,355 | 5,444 |
* | Post Holdings Inc. | 49,988 | 5,049 |
*,1 | Beyond Meat Inc. | 40,255 | 5,032 |
* | Helen of Troy Ltd. | 21,705 | 4,823 |
* | Freshpet Inc. | 32,400 | 4,601 |
Shares | Market Value• ($000) | ||
Ingredion Inc. | 55,340 | 4,354 | |
* | Herbalife Nutrition Ltd. | 84,363 | 4,054 |
Flowers Foods Inc. | 162,960 | 3,688 | |
WD-40 Co. | 11,757 | 3,124 | |
Lancaster Colony Corp. | 16,609 | 3,052 | |
* | Hain Celestial Group Inc. | 71,435 | 2,868 |
* | Grocery Outlet Holding Corp. | 72,843 | 2,859 |
Spectrum Brands Holdings Inc. | 34,760 | 2,745 | |
Nu Skin Enterprises Inc. Class A | 43,634 | 2,384 | |
* | Simply Good Foods Co. | 75,693 | 2,374 |
Sanderson Farms Inc. | 17,050 | 2,254 | |
Energizer Holdings Inc. | 50,277 | 2,121 | |
* | TreeHouse Foods Inc. | 49,700 | 2,112 |
Primo Water Corp. | 131,833 | 2,067 | |
* | Sprouts Farmers Market Inc. | 100,763 | 2,025 |
J & J Snack Foods Corp. | 12,382 | 1,924 | |
Medifast Inc. | 9,536 | 1,872 | |
Edgewell Personal Care Co. | 47,522 | 1,643 | |
1 | B&G Foods Inc. | 57,097 | 1,583 |
* | Hostess Brands Inc. Class A | 105,400 | 1,543 |
* | GrowGeneration Corp. | 37,044 | 1,490 |
Reynolds Consumer Products Inc. | 45,677 | 1,372 | |
Vector Group Ltd. | 106,899 | 1,245 | |
* | Celsius Holdings Inc. | 24,725 | 1,244 |
* | Cal-Maine Foods Inc. | 31,577 | 1,185 |
Core-Mark Holding Co. Inc. | 39,249 | 1,153 | |
Coca-Cola Consolidated Inc. | 4,101 | 1,092 | |
Universal Corp. | 21,447 | 1,043 | |
Calavo Growers Inc. | 14,165 | 983 | |
Utz Brands Inc. | 43,249 | 954 | |
1 | National Beverage Corp. | 10,526 | 894 |
* | Pilgrim's Pride Corp. | 42,885 | 841 |
* | USANA Health Sciences Inc. | 10,849 | 836 |
* | BellRing Brands Inc. Class A | 33,616 | 817 |
* | United Natural Foods Inc. | 46,544 | 743 |
* | Chefs' Warehouse Inc. | 28,519 | 733 |
ACCO Brands Corp. | 84,088 | 711 | |
Andersons Inc. | 27,988 | 686 | |
Fresh Del Monte Produce Inc. | 28,382 | 683 | |
* | Rite Aid Corp. | 42,936 | 680 |
Weis Markets Inc. | 13,732 | 657 | |
MGP Ingredients Inc. | 12,377 | 582 | |
Seaboard Corp. | 186 | 564 | |
Ingles Markets Inc. Class A | 13,138 | 560 | |
John B Sanfilippo & Son Inc. | 7,093 | 559 | |
SpartanNash Co. | 30,481 | 531 | |
PetMed Express Inc. | 16,190 | 519 | |
Turning Point Brands Inc. | 11,269 | 502 | |
1 | Tootsie Roll Industries Inc. | 15,119 | 449 |
* | Veru Inc. | 45,335 | 392 |
*,1 | Tattooed Chef Inc. | 16,720 | 383 |
* | Hydrofarm Holdings Group, Inc. | 6,849 | 360 |
* | Whole Earth Brands Inc. | 32,748 | 357 |
* | NewAge Inc. | 104,614 | 275 |
* | Vital Farms Inc. | 10,175 | 258 |
Shares | Market Value• ($000) | ||
* | Landec Corp. | 21,960 | 238 |
* | 22nd Century Group Inc. | 108,004 | 238 |
Limoneira Co. | 14,134 | 235 | |
* | AquaBounty Technologies Inc. | 24,599 | 216 |
*,1 | HF Foods Group Inc. | 25,973 | 195 |
* | Seneca Foods Corp. Class A | 4,623 | 184 |
Village Super Market Inc. Class A | 7,855 | 173 | |
Oil-Dri Corp. of America | 4,877 | 166 | |
* | Laird Superfood Inc. | 2,892 | 137 |
Natural Grocers by Vitamin Cottage Inc. | 8,592 | 118 | |
* | Nature's Sunshine Products Inc. | 6,280 | 94 |
* | Lifevantage Corp. | 10,023 | 93 |
* | Alkaline Water Co. Inc. | 90,909 | 92 |
* | Natural Alternatives International Inc. | 7,345 | 77 |
Alico Inc. | 2,206 | 68 | |
* | S&W Seed Co. | 18,009 | 53 |
* | Blue Apron Holdings Inc. Class A | 8,752 | 49 |
* | Mission Produce Inc. | 2,949 | 44 |
* | Lifeway Foods Inc. | 5,791 | 31 |
* | Bridgford Foods Corp. | 1,495 | 27 |
* | Farmer Bros Co. | 5,194 | 24 |
* | RiceBran Technologies | 33,157 | 20 |
Brown-Forman Corp. Class A | 258 | 19 | |
* | Calyxt Inc. | 2,807 | 12 |
1,691,054 | |||
Energy (2.3%) | |||
Exxon Mobil Corp. | 3,609,494 | 148,783 | |
Chevron Corp. | 1,643,427 | 138,787 | |
ConocoPhillips | 910,568 | 36,414 | |
Phillips 66 | 371,944 | 26,014 | |
Schlumberger NV | 1,181,850 | 25,800 | |
EOG Resources Inc. | 496,935 | 24,782 | |
Marathon Petroleum Corp. | 554,336 | 22,927 | |
* | Kinder Morgan Inc. | 1,643,847 | 22,471 |
Williams Cos. Inc. | 1,036,578 | 20,783 | |
Valero Energy Corp. | 347,872 | 19,679 | |
* | Enphase Energy Inc. | 97,140 | 17,045 |
Pioneer Natural Resources Co. | 140,454 | 15,996 | |
ONEOK Inc. | 377,306 | 14,481 | |
Occidental Petroleum Corp. | 794,687 | 13,756 | |
Halliburton Co. | 715,307 | 13,519 | |
* | Plug Power Inc. | 388,165 | 13,163 |
Hess Corp. | 235,759 | 12,446 | |
Baker Hughes Co. Class A | 557,316 | 11,620 | |
* | Cheniere Energy Inc. | 193,353 | 11,607 |
Concho Resources Inc. | 167,343 | 9,764 | |
* | First Solar Inc. | 77,255 | 7,642 |
Diamondback Energy Inc. | 133,118 | 6,443 | |
Cabot Oil & Gas Corp. | 341,194 | 5,555 | |
Devon Energy Corp. | 326,609 | 5,164 | |
Targa Resources Corp. | 193,922 | 5,116 | |
NOV Inc. | 331,640 | 4,553 | |
Apache Corp. | 317,719 | 4,508 | |
Marathon Oil Corp. | 665,390 | 4,438 | |
Parsley Energy Inc. Class A | 252,922 | 3,591 |
Shares | Market Value• ($000) | ||
HollyFrontier Corp. | 126,887 | 3,280 | |
New Fortress Energy Inc. | 60,147 | 3,223 | |
Ovintiv Inc. | 222,750 | 3,199 | |
Cimarex Energy Co. | 84,025 | 3,152 | |
EQT Corp. | 237,453 | 3,018 | |
* | FuelCell Energy Inc. | 270,181 | 3,018 |
Equitrans Midstream Corp. | 357,042 | 2,871 | |
* | Array Technologies Inc. | 65,451 | 2,824 |
* | WPX Energy Inc. | 337,549 | 2,751 |
* | ChampionX Corp. | 170,311 | 2,606 |
* | Renewable Energy Group Inc. | 32,147 | 2,277 |
Arcosa Inc. | 40,390 | 2,219 | |
Antero Midstream Corp. | 272,603 | 2,102 | |
Helmerich & Payne Inc. | 86,425 | 2,002 | |
* | PDC Energy Inc. | 87,078 | 1,788 |
*,1 | SunPower Corp. | 68,053 | 1,745 |
* | CNX Resources Corp. | 154,000 | 1,663 |
* | Southwestern Energy Co. | 557,083 | 1,660 |
World Fuel Services Corp. | 52,288 | 1,629 | |
* | TPI Composites Inc. | 30,215 | 1,595 |
Murphy Oil Corp. | 128,815 | 1,559 | |
Range Resources Corp. | 200,332 | 1,342 | |
*,1 | Transocean Ltd. | 525,449 | 1,214 |
* | Matador Resources Co. | 93,908 | 1,133 |
Archrock Inc. | 125,872 | 1,090 | |
Core Laboratories NV | 40,679 | 1,078 | |
Delek US Holdings Inc. | 66,886 | 1,075 | |
* | Ameresco Inc. Class A | 20,504 | 1,071 |
*,1 | Antero Resources Corp. | 190,396 | 1,038 |
Cactus Inc. Class A | 38,829 | 1,012 | |
Warrior Met Coal Inc. | 46,063 | 982 | |
* | Dril-Quip Inc. | 30,347 | 899 |
*,1 | HighPeak Energy Inc. | 50,877 | 813 |
Continental Resources Inc. | 48,508 | 791 | |
Patterson-UTI Energy Inc. | 148,803 | 783 | |
* | Magnolia Oil & Gas Corp. Class A | 107,925 | 762 |
* | NOW Inc. | 101,868 | 731 |
* | Oceaneering International Inc. | 86,564 | 688 |
SM Energy Co. | 106,494 | 652 | |
* | Bristow Group Inc. | 24,236 | 638 |
Liberty Oilfield Services Inc. Class A | 60,053 | 619 | |
PBF Energy Inc. Class A | 83,203 | 591 | |
Arch Resources Inc. | 13,323 | 583 | |
DMC Global Inc. | 13,414 | 580 | |
* | ProPetro Holding Corp. | 75,519 | 558 |
* | Helix Energy Solutions Group Inc. | 128,881 | 541 |
* | NexTier Oilfield Solutions Inc. | 146,677 | 505 |
* | Par Pacific Holdings Inc. | 34,504 | 482 |
* | Callon Petroleum Co. | 35,916 | 473 |
* | MRC Global Inc. | 71,175 | 472 |
QEP Resources Inc. | 181,125 | 433 | |
*,1 | Beam Global | 5,797 | 428 |
CVR Energy Inc. | 28,326 | 422 | |
* | American Superconductor Corp. | 17,791 | 417 |
* | Green Plains Inc. | 30,485 | 401 |
Shares | Market Value• ($000) | ||
* | REX American Resources Corp. | 5,140 | 378 |
*,1 | Gevo Inc. | 84,479 | 359 |
Nabors Industries Ltd. | 6,130 | 357 | |
* | Pacific Ethanol Inc. | 65,144 | 354 |
Brigham Minerals Inc. Class A | 32,031 | 352 | |
SunCoke Energy Inc. | 77,903 | 339 | |
* | Bonanza Creek Energy Inc. | 16,302 | 315 |
* | Tidewater Inc. | 32,461 | 280 |
* | Matrix Service Co. | 22,185 | 244 |
Solaris Oilfield Infrastructure Inc. Class A | 29,316 | 239 | |
* | Oil States International Inc. | 46,347 | 233 |
* | Talos Energy Inc. | 27,883 | 230 |
*,1 | Northern Oil and Gas Inc. | 25,351 | 222 |
* | FTS International Inc. Class A | 11,196 | 215 |
* | Select Energy Services Inc. Class A | 51,616 | 212 |
Berry Corp. | 57,451 | 211 | |
*,1 | Tellurian Inc. | 158,705 | 203 |
* | Centennial Resource Development Inc. Class A | 132,141 | 198 |
* | Contura Energy Inc. | 17,364 | 197 |
* | Centrus Energy Corp. Class A | 8,446 | 195 |
* | Laredo Petroleum Inc. | 9,459 | 186 |
*,1 | W&T Offshore Inc. | 80,342 | 174 |
* | RPC Inc. | 52,946 | 167 |
* | Contango Oil & Gas Co. | 66,046 | 151 |
* | Newpark Resources Inc. | 77,367 | 149 |
* | Peabody Energy Corp. | 60,173 | 145 |
* | Capstone Turbine Corp. | 13,423 | 144 |
* | Penn Virginia Corp. | 13,737 | 139 |
* | Altus Midstream Co. | 2,794 | 133 |
* | Trecora Resources | 18,546 | 130 |
* | Exterran Corp. | 29,186 | 129 |
* | CONSOL Energy Inc. | 17,809 | 128 |
* | Battalion Oil Corp. | 13,072 | 109 |
* | Goodrich Petroleum Corp. | 10,684 | 108 |
Falcon Minerals Corp. | 33,440 | 105 | |
NACCO Industries Inc. Class A | 3,937 | 104 | |
* | Natural Gas Services Group Inc. | 10,759 | 102 |
* | TETRA Technologies Inc. | 116,560 | 100 |
* | Flotek Industries Inc. | 46,970 | 99 |
* | Geospace Technologies Corp. | 11,189 | 96 |
* | Earthstone Energy Inc. Class A | 16,735 | 89 |
* | Orbital Energy Group Inc. | 36,598 | 80 |
* | VAALCO Energy Inc. | 42,208 | 75 |
* | SandRidge Energy Inc. | 23,225 | 72 |
Evolution Petroleum Corp. | 24,898 | 71 | |
* | Mammoth Energy Services Inc. | 15,291 | 68 |
* | American Resources Corp. Class A | 26,674 | 52 |
* | SEACOR Marine Holdings Inc. | 18,771 | 51 |
* | Forum Energy Technologies Inc. | 3,991 | 47 |
* | Dawson Geophysical Co. | 21,717 | 46 |
* | Ring Energy Inc. | 63,932 | 42 |
* | NextDecade Corp. | 19,818 | 41 |
PHX Minerals Inc. | 17,972 | 41 | |
* | Aemetis Inc. | 14,692 | 37 |
* | Ranger Energy Services Inc. | 10,210 | 37 |
Shares | Market Value• ($000) | ||
Adams Resources & Energy Inc. | 1,512 | 36 | |
* | MIND Technology Inc. | 15,887 | 36 |
* | Profire Energy Inc. | 39,969 | 34 |
* | Gulf Island Fabrication Inc. | 10,847 | 33 |
* | Ramaco Resources Inc. | 10,388 | 30 |
* | PrimeEnergy Resources Corp. | 399 | 17 |
Hallador Energy Co. | 10,194 | 15 | |
*,2 | Alta Mesa Resources Inc. Class A | 103,408 | — |
751,306 | |||
Financials (10.5%) | |||
* | Berkshire Hathaway Inc. Class B | 1,525,495 | 353,717 |
JPMorgan Chase & Co. | 2,603,191 | 330,787 | |
Bank of America Corp. | 6,650,074 | 201,564 | |
Citigroup Inc. | 1,777,366 | 109,592 | |
Wells Fargo & Co. | 3,352,776 | 101,187 | |
Morgan Stanley | 1,235,860 | 84,693 | |
BlackRock Inc. | 117,226 | 84,583 | |
Goldman Sachs Group Inc. | 293,892 | 77,502 | |
Charles Schwab Corp. | 1,304,301 | 69,180 | |
S&P Global Inc. | 205,543 | 67,568 | |
CME Group Inc. | 306,719 | 55,838 | |
Intercontinental Exchange Inc. | 479,813 | 55,318 | |
Truist Financial Corp. | 1,149,376 | 55,090 | |
PNC Financial Services Group Inc. | 361,502 | 53,864 | |
US Bancorp | 1,154,207 | 53,774 | |
Marsh & McLennan Cos. Inc. | 433,532 | 50,723 | |
Chubb Ltd. | 327,502 | 50,409 | |
Progressive Corp. | 500,179 | 49,458 | |
Aon plc Class A | 195,317 | 41,265 | |
Moody's Corp. | 136,361 | 39,577 | |
Blackstone Group Inc. Class A | 575,081 | 37,271 | |
Travelers Cos. Inc. | 216,117 | 30,336 | |
MSCI Inc. Class A | 67,200 | 30,007 | |
T Rowe Price Group Inc. | 193,235 | 29,254 | |
Bank of New York Mellon Corp. | 680,555 | 28,883 | |
American International Group Inc. | 733,143 | 27,757 | |
IHS Markit Ltd. | 306,459 | 27,529 | |
Allstate Corp. | 247,023 | 27,155 | |
MetLife Inc. | 574,191 | 26,958 | |
Prudential Financial Inc. | 335,912 | 26,225 | |
Aflac Inc. | 568,788 | 25,294 | |
Discover Financial Services | 260,972 | 23,626 | |
Willis Towers Watson plc | 110,197 | 23,216 | |
First Republic Bank | 148,401 | 21,805 | |
State Street Corp. | 285,800 | 20,801 | |
Arthur J Gallagher & Co. | 163,936 | 20,281 | |
Ameriprise Financial Inc. | 100,667 | 19,563 | |
KKR & Co. Inc. | 460,860 | 18,660 | |
MarketAxess Holdings Inc. | 30,826 | 17,588 | |
* | SVB Financial Group | 44,051 | 17,084 |
Nasdaq Inc. | 126,123 | 16,742 | |
Fifth Third Bancorp | 603,897 | 16,649 | |
Northern Trust Corp. | 168,434 | 15,688 | |
Broadridge Financial Solutions Inc. | 98,212 | 15,046 | |
Hartford Financial Services Group Inc. | 305,792 | 14,978 |
Shares | Market Value• ($000) | ||
KeyCorp. | 829,515 | 13,612 | |
M&T Bank Corp. | 103,570 | 13,184 | |
Regions Financial Corp. | 815,362 | 13,144 | |
Citizens Financial Group Inc. | 365,488 | 13,070 | |
* | Markel Corp. | 11,746 | 12,137 |
* | Arch Capital Group Ltd. | 330,081 | 11,906 |
Principal Financial Group Inc. | 231,907 | 11,505 | |
Cincinnati Financial Corp. | 129,667 | 11,329 | |
Ally Financial Inc. | 317,477 | 11,321 | |
Huntington Bancshares Inc. | 863,734 | 10,909 | |
FactSet Research Systems Inc. | 32,618 | 10,845 | |
Raymond James Financial Inc. | 104,713 | 10,018 | |
Annaly Capital Management Inc. | 1,181,223 | 9,981 | |
Brown & Brown Inc. | 207,396 | 9,833 | |
* | Berkshire Hathaway Inc. Class A | 28 | 9,739 |
Fidelity National Financial Inc. | 238,117 | 9,308 | |
Loews Corp. | 196,747 | 8,858 | |
Equitable Holdings Inc. | 341,607 | 8,742 | |
Apollo Global Management Inc. Class A | 176,943 | 8,667 | |
Cboe Global Markets Inc. | 92,099 | 8,576 | |
Everest Re Group Ltd. | 34,115 | 7,986 | |
Lincoln National Corp. | 156,061 | 7,851 | |
W R Berkley Corp. | 114,942 | 7,634 | |
Globe Life Inc. | 79,662 | 7,565 | |
AGNC Investment Corp. | 466,781 | 7,282 | |
RenaissanceRe Holdings Ltd. | 43,126 | 7,151 | |
LPL Financial Holdings Inc. | 67,362 | 7,020 | |
Alleghany Corp. | 11,299 | 6,821 | |
Assurant Inc. | 50,054 | 6,818 | |
Reinsurance Group of America Inc. | 57,887 | 6,709 | |
Comerica Inc. | 117,492 | 6,563 | |
Franklin Resources Inc. | 256,737 | 6,416 | |
SEI Investments Co. | 111,558 | 6,411 | |
Voya Financial Inc. | 108,310 | 6,370 | |
Eaton Vance Corp. | 92,533 | 6,286 | |
First Horizon Corp. | 478,484 | 6,105 | |
Invesco Ltd. | 348,191 | 6,069 | |
East West Bancorp Inc. | 119,250 | 6,047 | |
Zions Bancorp NA | 138,665 | 6,024 | |
Commerce Bancshares Inc. | 90,044 | 5,916 | |
Signature Bank | 43,212 | 5,846 | |
American Financial Group Inc. | 61,956 | 5,429 | |
Erie Indemnity Co. Class A | 21,761 | 5,344 | |
Prosperity Bancshares Inc. | 75,893 | 5,264 | |
Carlyle Group Inc. | 166,463 | 5,234 | |
Old Republic International Corp. | 241,459 | 4,759 | |
TCF Financial Corp. | 128,251 | 4,748 | |
First American Financial Corp. | 91,434 | 4,721 | |
Morningstar Inc. | 20,172 | 4,671 | |
People's United Financial Inc. | 359,665 | 4,650 | |
* | Athene Holding Ltd. Class A | 106,893 | 4,611 |
Western Alliance Bancorp | 76,036 | 4,558 | |
Primerica Inc. | 33,640 | 4,505 | |
Starwood Property Trust Inc. | 228,387 | 4,408 | |
South State Corp. | 59,642 | 4,312 |
Shares | Market Value• ($000) | ||
Ares Management Corp. Class A | 90,856 | 4,275 | |
Stifel Financial Corp. | 84,597 | 4,269 | |
First Financial Bankshares Inc. | 117,850 | 4,263 | |
Tradeweb Markets Inc. Class A | 66,755 | 4,169 | |
Kemper Corp. | 53,697 | 4,126 | |
Cullen/Frost Bankers Inc. | 47,247 | 4,121 | |
Janus Henderson Group plc | 125,974 | 4,095 | |
Popular Inc. | 71,369 | 4,019 | |
SLM Corp. | 324,272 | 4,018 | |
Interactive Brokers Group Inc. Class A | 65,703 | 4,003 | |
Essent Group Ltd. | 91,066 | 3,934 | |
New York Community Bancorp Inc. | 369,052 | 3,893 | |
Synovus Financial Corp. | 120,122 | 3,888 | |
Pinnacle Financial Partners Inc. | 59,832 | 3,853 | |
Affiliated Managers Group Inc. | 37,363 | 3,800 | |
Kinsale Capital Group Inc. | 18,751 | 3,753 | |
Jefferies Financial Group Inc. | 152,221 | 3,745 | |
RLI Corp. | 35,792 | 3,728 | |
Glacier Bancorp Inc. | 80,830 | 3,719 | |
United Bankshares Inc. | 112,098 | 3,632 | |
Lazard Ltd. Class A | 83,754 | 3,543 | |
MGIC Investment Corp. | 281,596 | 3,534 | |
Unum Group | 152,325 | 3,494 | |
New Residential Investment Corp. | 346,918 | 3,448 | |
Hanover Insurance Group Inc. | 29,342 | 3,431 | |
Selective Insurance Group Inc. | 50,481 | 3,381 | |
Blackstone Mortgage Trust Inc. Class A | 120,007 | 3,304 | |
* | Open Lending Corp. Class A | 94,271 | 3,296 |
* | Trupanion Inc. | 27,470 | 3,288 |
Axis Capital Holdings Ltd. | 65,261 | 3,288 | |
Radian Group Inc. | 162,133 | 3,283 | |
* | Cannae Holdings Inc. | 72,781 | 3,222 |
Valley National Bancorp | 329,643 | 3,214 | |
Bank OZK | 101,663 | 3,179 | |
Evercore Inc. Class A | 28,760 | 3,153 | |
Webster Financial Corp. | 74,684 | 3,148 | |
CIT Group Inc. | 84,908 | 3,048 | |
Sterling Bancorp | 167,621 | 3,014 | |
OneMain Holdings Inc. | 62,426 | 3,006 | |
* | Credit Acceptance Corp. | 8,479 | 2,935 |
Wintrust Financial Corp. | 48,048 | 2,935 | |
Houlihan Lokey Inc. Class A | 43,205 | 2,905 | |
BankUnited Inc. | 80,350 | 2,795 | |
Community Bank System Inc. | 44,851 | 2,795 | |
Umpqua Holdings Corp. | 183,109 | 2,772 | |
UMB Financial Corp. | 38,541 | 2,659 | |
* | Brighthouse Financial Inc. | 73,069 | 2,645 |
FNB Corp. | 276,177 | 2,624 | |
* | LendingTree Inc. | 9,578 | 2,622 |
White Mountains Insurance Group Ltd. | 2,590 | 2,592 | |
CNO Financial Group Inc. | 116,509 | 2,590 | |
First Hawaiian Inc. | 107,928 | 2,545 | |
* | Eastern Bankshares Inc. | 155,126 | 2,530 |
Bank of Hawaii Corp. | 32,921 | 2,522 | |
* | Texas Capital Bancshares Inc. | 41,820 | 2,488 |
Shares | Market Value• ($000) | ||
Home BancShares Inc. | 126,827 | 2,471 | |
BancorpSouth Bank | 88,700 | 2,434 | |
Artisan Partners Asset Management Inc. Class A | 48,278 | 2,430 | |
PennyMac Financial Services Inc. | 36,870 | 2,419 | |
PacWest Bancorp | 94,465 | 2,399 | |
Pacific Premier Bancorp Inc. | 76,312 | 2,391 | |
Old National Bancorp | 140,894 | 2,333 | |
Atlantic Union Bankshares Corp. | 70,758 | 2,331 | |
Federated Hermes Inc. | 80,680 | 2,331 | |
Hancock Whitney Corp. | 68,490 | 2,330 | |
FirstCash Inc. | 33,052 | 2,315 | |
First Citizens BancShares Inc. Class A | 4,003 | 2,299 | |
Walker & Dunlop Inc. | 24,450 | 2,250 | |
Moelis & Co. Class A | 48,005 | 2,245 | |
Cathay General Bancorp | 69,380 | 2,233 | |
Virtu Financial Inc. Class A | 86,164 | 2,169 | |
* | Enstar Group Ltd. | 10,432 | 2,137 |
Columbia Banking System Inc. | 59,488 | 2,136 | |
Investors Bancorp Inc. | 201,996 | 2,133 | |
American Equity Investment Life Holding Co. | 77,002 | 2,130 | |
National General Holdings Corp. | 61,655 | 2,107 | |
United Community Banks Inc. | 73,552 | 2,092 | |
CVB Financial Corp. | 107,142 | 2,089 | |
Assured Guaranty Ltd. | 66,041 | 2,080 | |
Associated Banc-Corp. | 120,902 | 2,061 | |
Ameris Bancorp | 53,758 | 2,047 | |
Independent Bank Corp. | 27,731 | 2,025 | |
*,1 | Rocket Cos. Inc. Class A | 98,581 | 1,993 |
*,1 | GCM Grosvenor Inc. Class A | 147,267 | 1,962 |
*,1 | QuantumScape Corp. | 23,117 | 1,952 |
Chimera Investment Corp. | 187,280 | 1,920 | |
Independent Bank Group Inc. | 30,566 | 1,911 | |
First Merchants Corp. | 50,111 | 1,875 | |
Hamilton Lane Inc. Class A | 23,899 | 1,865 | |
Flagstar Bancorp Inc. | 45,310 | 1,847 | |
* | Mr Cooper Group Inc. | 58,957 | 1,829 |
WSFS Financial Corp. | 40,213 | 1,805 | |
Simmons First National Corp. Class A | 83,274 | 1,798 | |
First BanCorp. | 193,105 | 1,780 | |
Fulton Financial Corp. | 133,801 | 1,702 | |
International Bancshares Corp. | 45,380 | 1,699 | |
* | eXp World Holdings Inc. | 26,886 | 1,697 |
BOK Financial Corp. | 24,754 | 1,695 | |
Goosehead Insurance Inc. Class A | 13,545 | 1,690 | |
Cadence BanCorp. Class A | 102,485 | 1,683 | |
* | NMI Holdings Inc. Class A | 74,308 | 1,683 |
ServisFirst Bancshares Inc. | 41,583 | 1,675 | |
Renasant Corp. | 49,507 | 1,667 | |
* | Genworth Financial Inc. Class A | 436,133 | 1,649 |
Washington Federal Inc. | 63,309 | 1,630 | |
* | Palomar Holdings Inc. | 18,273 | 1,623 |
Horace Mann Educators Corp. | 37,802 | 1,589 | |
First Midwest Bancorp Inc. | 99,731 | 1,588 | |
Hilltop Holdings Inc. | 56,453 | 1,553 | |
MFA Financial Inc. | 397,875 | 1,548 |
Shares | Market Value• ($000) | ||
* | eHealth Inc. | 21,780 | 1,538 |
Navient Corp. | 156,606 | 1,538 | |
Cohen & Steers Inc. | 20,435 | 1,518 | |
First Interstate BancSystem Inc. Class A | 37,151 | 1,515 | |
* | PRA Group Inc. | 38,118 | 1,512 |
Two Harbors Investment Corp. | 237,043 | 1,510 | |
PennyMac Mortgage Investment Trust | 85,643 | 1,506 | |
*,1 | Lemonade Inc. | 12,143 | 1,488 |
* | Axos Financial Inc. | 39,478 | 1,482 |
Piper Sandler Cos. | 14,631 | 1,476 | |
WesBanco Inc. | 49,165 | 1,473 | |
Trustmark Corp. | 53,431 | 1,459 | |
Banner Corp. | 30,835 | 1,437 | |
Arbor Realty Trust Inc. | 100,745 | 1,429 | |
Towne Bank | 60,869 | 1,429 | |
Northwest Bancshares Inc. | 110,584 | 1,409 | |
BancFirst Corp. | 23,502 | 1,380 | |
Apollo Commercial Real Estate Finance Inc. | 122,345 | 1,367 | |
Capitol Federal Financial Inc. | 107,570 | 1,345 | |
Heartland Financial USA Inc. | 32,829 | 1,325 | |
* | Seacoast Banking Corp. of Florida | 44,767 | 1,318 |
Mercury General Corp. | 25,174 | 1,314 | |
PJT Partners Inc. Class A | 17,409 | 1,310 | |
Waddell & Reed Financial Inc. Class A | 51,330 | 1,307 | |
Westamerica BanCorp. | 23,070 | 1,276 | |
Virtus Investment Partners Inc. | 5,866 | 1,273 | |
Park National Corp. | 11,953 | 1,255 | |
NBT Bancorp Inc. | 38,957 | 1,251 | |
Sandy Spring Bancorp Inc. | 38,825 | 1,250 | |
Argo Group International Holdings Ltd. | 27,793 | 1,215 | |
New York Mortgage Trust Inc. | 328,998 | 1,214 | |
Hope Bancorp Inc. | 111,206 | 1,213 | |
First Financial Bancorp | 68,494 | 1,201 | |
Lakeland Financial Corp. | 22,348 | 1,197 | |
* | Focus Financial Partners Inc. Class A | 27,385 | 1,191 |
Santander Consumer USA Holdings Inc. | 54,038 | 1,190 | |
Veritex Holdings Inc. | 46,196 | 1,185 | |
Broadmark Realty Capital Inc. | 114,455 | 1,167 | |
James River Group Holdings Ltd. | 23,427 | 1,151 | |
Live Oak Bancshares Inc. | 24,104 | 1,144 | |
Eagle Bancorp Inc. | 27,649 | 1,142 | |
Provident Financial Services Inc. | 63,108 | 1,133 | |
* | BRP Group Inc. Class A | 36,661 | 1,099 |
BGC Partners Inc. Class A | 273,131 | 1,093 | |
Stewart Information Services Corp. | 22,380 | 1,082 | |
AMERISAFE Inc. | 18,080 | 1,038 | |
Brightsphere Investment Group Inc. | 53,745 | 1,036 | |
Meta Financial Group Inc. | 28,311 | 1,035 | |
* | Encore Capital Group Inc. | 26,417 | 1,029 |
First Commonwealth Financial Corp. | 92,548 | 1,012 | |
First Busey Corp. | 46,870 | 1,010 | |
City Holding Co. | 14,098 | 981 | |
Great Western Bancorp Inc. | 46,937 | 981 | |
Safety Insurance Group Inc. | 12,472 | 972 | |
* | Triumph Bancorp Inc. | 19,803 | 961 |
Shares | Market Value• ($000) | ||
Southside Bancshares Inc. | 30,740 | 954 | |
iStar Inc. | 62,796 | 933 | |
FB Financial Corp. | 26,208 | 910 | |
OceanFirst Financial Corp. | 48,860 | 910 | |
First Bancorp | 26,678 | 903 | |
Redwood Trust Inc. | 101,671 | 893 | |
Ladder Capital Corp. Class A | 89,721 | 877 | |
TFS Financial Corp. | 49,672 | 876 | |
* | Silvergate Capital Corp. Class A | 11,759 | 874 |
OFG Bancorp | 46,991 | 871 | |
Nelnet Inc. Class A | 12,127 | 864 | |
S&T Bancorp Inc. | 34,310 | 852 | |
Tompkins Financial Corp. | 12,047 | 851 | |
TriCo Bancshares | 23,596 | 832 | |
* | LendingClub Corp. | 77,895 | 823 |
Kearny Financial Corp. | 76,080 | 803 | |
Premier Financial Corp. | 34,667 | 797 | |
ProAssurance Corp. | 44,769 | 796 | |
Employers Holdings Inc. | 24,666 | 794 | |
Stock Yards Bancorp Inc. | 19,389 | 785 | |
Enterprise Financial Services Corp. | 21,559 | 753 | |
National Bank Holdings Corp. Class A | 22,927 | 751 | |
First Foundation Inc. | 36,841 | 737 | |
German American Bancorp Inc. | 21,971 | 727 | |
* | Riot Blockchain Inc. | 42,734 | 726 |
* | StoneX Group Inc. | 12,241 | 709 |
* | Columbia Financial Inc. | 44,700 | 696 |
* | Enova International Inc. | 26,790 | 664 |
Washington Trust Bancorp Inc. | 14,787 | 662 | |
Meridian Bancorp Inc. | 44,321 | 661 | |
Boston Private Financial Holdings Inc. | 78,035 | 659 | |
WisdomTree Investments Inc. | 121,307 | 649 | |
Berkshire Hills Bancorp Inc. | 37,786 | 647 | |
Preferred Bank | 12,785 | 645 | |
Heritage Financial Corp. | 27,203 | 636 | |
HomeStreet Inc. | 18,811 | 635 | |
* | Watford Holdings Ltd. | 18,302 | 633 |
* | Third Point Reinsurance Ltd. | 65,598 | 624 |
Allegiance Bancshares Inc. | 18,240 | 623 | |
* | Ambac Financial Group Inc. | 40,500 | 623 |
B Riley Financial Inc. | 13,969 | 618 | |
QCR Holdings Inc. | 15,510 | 614 | |
American National Group Inc. | 6,383 | 614 | |
* | Nicolet Bankshares Inc. | 9,234 | 613 |
Federal Agricultural Mortgage Corp. Class C | 8,174 | 607 | |
Cowen Inc. Class A | 23,333 | 606 | |
ARMOUR Residential REIT Inc. | 55,879 | 603 | |
* | StepStone Group Inc. Class A | 15,064 | 600 |
Horizon Bancorp Inc. | 37,472 | 594 | |
TPG RE Finance Trust Inc. | 55,574 | 590 | |
Banc of California Inc. | 39,832 | 586 | |
Origin Bancorp Inc. | 20,986 | 583 | |
ConnectOne Bancorp Inc. | 29,202 | 578 | |
Bryn Mawr Bank Corp. | 18,780 | 575 | |
National Western Life Group Inc. Class A | 2,757 | 569 |
Shares | Market Value• ($000) | ||
Lakeland Bancorp Inc. | 44,232 | 562 | |
Brookline Bancorp Inc. | 45,910 | 553 | |
First Bancorp Inc. | 17,760 | 548 | |
TrustCo Bank Corp. | 82,232 | 548 | |
Great Southern Bancorp Inc. | 11,180 | 547 | |
Heritage Commerce Corp. | 61,433 | 545 | |
* | Bancorp Inc. | 39,797 | 543 |
1 | Invesco Mortgage Capital Inc. | 159,617 | 540 |
* | GoHealth Inc. Class A | 39,444 | 539 |
Univest Financial Corp. | 25,803 | 531 | |
Ellington Financial Inc. | 35,487 | 527 | |
Community Trust Bancorp Inc. | 13,973 | 518 | |
Capstead Mortgage Corp. | 87,952 | 511 | |
United Fire Group Inc. | 20,325 | 510 | |
FBL Financial Group Inc. Class A | 9,591 | 504 | |
Central Pacific Financial Corp. | 26,375 | 501 | |
Camden National Corp. | 13,896 | 497 | |
* | Customers Bancorp Inc. | 26,724 | 496 |
Granite Point Mortgage Trust Inc. | 49,051 | 490 | |
Northfield Bancorp Inc. | 39,444 | 486 | |
Independent Bank Corp. | 25,834 | 477 | |
Dime Community Bancshares Inc. | 29,852 | 471 | |
KKR Real Estate Finance Trust Inc. | 25,380 | 455 | |
Diamond Hill Investment Group Inc. | 3,026 | 452 | |
* | World Acceptance Corp. | 4,418 | 452 |
Arrow Financial Corp. | 14,979 | 448 | |
* | CrossFirst Bankshares Inc. | 41,408 | 445 |
Universal Insurance Holdings Inc. | 28,626 | 433 | |
Flushing Financial Corp. | 25,706 | 428 | |
Waterstone Financial Inc. | 22,328 | 420 | |
Mercantile Bank Corp. | 14,983 | 407 | |
First Financial Corp. | 10,412 | 405 | |
Bank of Marin Bancorp | 11,728 | 403 | |
* | TriState Capital Holdings Inc. | 23,173 | 403 |
Merchants Bancorp | 14,558 | 402 | |
Bridge Bancorp Inc. | 16,599 | 401 | |
* | Oportun Financial Corp. | 20,509 | 397 |
Dynex Capital Inc. | 22,122 | 394 | |
First of Long Island Corp. | 21,882 | 391 | |
* | International Money Express Inc. | 24,910 | 387 |
Ready Capital Corp. | 30,729 | 383 | |
* | Upstart Holdings Inc. | 9,361 | 381 |
Republic Bancorp Inc. Class A | 10,469 | 378 | |
First Mid Bancshares Inc. | 11,205 | 377 | |
Cambridge Bancorp | 5,311 | 370 | |
*,1 | Root Inc. Class A | 23,250 | 365 |
Peapack-Gladstone Financial Corp. | 15,899 | 362 | |
Midland States Bancorp Inc. | 20,075 | 359 | |
* | Atlantic Capital Bancshares Inc. | 21,733 | 346 |
CBTX Inc. | 13,060 | 333 | |
1st Source Corp. | 8,143 | 328 | |
MidWestOne Financial Group Inc. | 13,338 | 327 | |
Farmers National Banc Corp. | 24,423 | 324 | |
Bar Harbor Bankshares | 14,319 | 323 | |
Hanmi Financial Corp. | 27,962 | 317 |
Shares | Market Value• ($000) | ||
* | Assetmark Financial Holdings Inc. | 13,009 | 315 |
Financial Institutions Inc. | 13,937 | 314 | |
Victory Capital Holdings Inc. Class A | 12,571 | 312 | |
Orchid Island Capital Inc. | 59,327 | 310 | |
HomeTrust Bancshares Inc. | 15,985 | 309 | |
Bank First Corp. | 4,705 | 305 | |
State Auto Financial Corp. | 17,154 | 304 | |
* | MBIA Inc. | 45,257 | 298 |
Byline Bancorp Inc. | 19,148 | 296 | |
Hingham Institution for Savings | 1,360 | 294 | |
* | Bridgewater Bancshares Inc. | 23,459 | 293 |
HCI Group Inc. | 5,537 | 290 | |
Oppenheimer Holdings Inc. Class A | 9,104 | 286 | |
West BanCorp. Inc | 14,723 | 284 | |
* | Amerant Bancorp Inc. | 18,464 | 281 |
Regional Management Corp. | 9,323 | 278 | |
First Community Bankshares Inc. | 12,696 | 274 | |
Sierra Bancorp | 11,421 | 273 | |
First Internet Bancorp | 9,481 | 272 | |
Old Second Bancorp Inc. | 26,939 | 272 | |
Altabancorp | 9,715 | 271 | |
* | Equity Bancshares Inc. Class A | 12,511 | 270 |
CNB Financial Corp. | 12,325 | 262 | |
First Bancorp Inc. | 10,329 | 262 | |
Business First Bancshares Inc. | 12,106 | 246 | |
Northrim BanCorp. Inc. | 7,163 | 243 | |
* | MoneyGram International Inc. | 44,152 | 241 |
Summit Financial Group Inc. | 10,872 | 240 | |
RBB Bancorp | 15,393 | 237 | |
PCSB Financial Corp. | 14,750 | 235 | |
Guaranty Bancshares Inc. | 7,803 | 234 | |
Citizens & Northern Corp. | 11,421 | 227 | |
*,1 | Citizens Inc. Class A | 39,264 | 225 |
Southern National Bancorp of Virginia Inc. | 18,589 | 225 | |
Crawford & Co. Class B | 31,149 | 224 | |
Anworth Mortgage Asset Corp. | 82,460 | 223 | |
* | Harbornone Bancorp Inc. | 20,430 | 222 |
* | Southern First Bancshares Inc. | 6,267 | 222 |
Sculptor Capital Management Inc. | 14,569 | 221 | |
Southern Missouri Bancorp Inc. | 7,236 | 220 | |
Carter Bankshares Inc. | 20,477 | 220 | |
Heritage Insurance Holdings Inc. | 21,610 | 219 | |
* | Greenlight Capital Re Ltd. Class A | 29,700 | 217 |
Century Bancorp Inc. Class A | 2,797 | 216 | |
Civista Bancshares Inc. | 12,290 | 215 | |
Capital City Bank Group Inc. | 8,723 | 214 | |
South Plains Financial Inc. | 11,218 | 213 | |
American National Bankshares Inc. | 8,097 | 212 | |
National Bankshares Inc. | 6,731 | 211 | |
Farmers & Merchants Bancorp Inc. | 9,093 | 209 | |
* | EZCorp. Inc. Class A | 42,879 | 205 |
Macatawa Bank Corp. | 24,533 | 205 | |
Peoples Financial Services Corp. | 5,555 | 204 | |
SmartFinancial Inc. | 11,166 | 203 | |
ChoiceOne Financial Services Inc. | 6,523 | 201 |
Shares | Market Value• ($000) | ||
* | Ocwen Financial Corp. | 6,957 | 201 |
Great Ajax Corp. | 19,118 | 200 | |
Metrocity Bankshares Inc. | 13,855 | 200 | |
Curo Group Holdings Corp. | 13,913 | 199 | |
Spirit of Texas Bancshares Inc. | 11,836 | 199 | |
Home Bancorp Inc. | 7,072 | 198 | |
Enterprise Bancorp Inc. | 7,396 | 189 | |
ACNB Corp. | 7,552 | 189 | |
Investors Title Co. | 1,228 | 188 | |
Western New England Bancorp Inc. | 27,219 | 188 | |
Capstar Financial Holdings Inc. | 12,603 | 186 | |
MVB Financial Corp. | 8,012 | 182 | |
Central Valley Community Bancorp | 11,989 | 179 | |
Independence Holding Co. | 4,360 | 179 | |
Bank of Commerce Holdings | 17,841 | 177 | |
* | Howard Bancorp Inc. | 15,023 | 177 |
Amalgamated Bank Class A | 12,684 | 174 | |
Territorial Bancorp Inc. | 7,222 | 174 | |
First Capital Inc. | 2,766 | 168 | |
FS Bancorp Inc. | 3,051 | 167 | |
* | Maiden Holdings Ltd. | 66,755 | 166 |
First Choice Bancorp | 8,864 | 164 | |
* | Metropolitan Bank Holding Corp. | 4,517 | 164 |
* | Northeast Bank | 7,301 | 164 |
Richmond Mutual BanCorp. Inc. | 11,942 | 163 | |
Penns Woods Bancorp Inc. | 6,226 | 162 | |
Standard AVB Financial Corp. | 4,984 | 162 | |
First Bank | 17,152 | 161 | |
Reliant Bancorp Inc. | 8,666 | 161 | |
Ellington Residential Mortgage REIT | 12,192 | 159 | |
Peoples Bancorp Inc. | 5,744 | 156 | |
Bank of Princeton | 6,539 | 153 | |
* | BayCom Corp. | 10,074 | 153 |
Timberland Bancorp Inc. | 6,298 | 153 | |
First Business Financial Services Inc. | 8,209 | 151 | |
First Northwest Bancorp | 9,392 | 147 | |
Investar Holding Corp. | 8,881 | 147 | |
ESSA Bancorp Inc. | 9,620 | 144 | |
Hawthorn Bancshares Inc. | 6,583 | 144 | |
Codorus Valley Bancorp Inc. | 8,406 | 143 | |
Community Bankers Trust Corp. | 21,096 | 142 | |
Luther Burbank Corp. | 14,477 | 142 | |
Shore Bancshares Inc. | 9,614 | 140 | |
* | NI Holdings Inc. | 8,452 | 139 |
Fidelity D&D Bancorp Inc. | 2,155 | 139 | |
Pzena Investment Management Inc. Class A | 18,859 | 138 | |
* | Republic First Bancorp Inc. | 48,570 | 138 |
* | Safeguard Scientifics Inc. | 21,427 | 137 |
Mackinac Financial Corp. | 10,703 | 137 | |
* | Professional Holding Corp. Class A | 8,790 | 136 |
Western Asset Mortgage Capital Corp. | 41,417 | 135 | |
Arlington Asset Investment Corp. Class A | 35,385 | 134 | |
Donegal Group Inc. Class A | 9,483 | 133 | |
Unity Bancorp Inc. | 7,494 | 132 | |
Bankwell Financial Group Inc. | 6,682 | 131 |
Shares | Market Value• ($000) | ||
Orrstown Financial Services Inc. | 7,905 | 131 | |
Greenhill & Co. Inc. | 10,650 | 129 | |
BankFinancial Corp. | 14,629 | 128 | |
Alerus Financial Corp. | 4,673 | 128 | |
* | Coastal Financial Corp. | 6,035 | 127 |
Ames National Corp. | 5,256 | 126 | |
* | Select Bancorp Inc. | 13,079 | 124 |
LCNB Corp. | 8,403 | 123 | |
* | First Western Financial Inc. | 6,238 | 122 |
Protective Insurance Corp. Class B | 8,800 | 121 | |
Community Financial Corp. | 4,532 | 120 | |
First Community Corp. | 7,052 | 120 | |
Middlefield Banc Corp. | 5,180 | 117 | |
Riverview Bancorp Inc. | 22,319 | 117 | |
BCB Bancorp Inc. | 10,481 | 116 | |
Premier Financial Bancorp Inc. | 8,723 | 116 | |
1st Constitution Bancorp | 7,270 | 115 | |
* | Security National Financial Corp. Class A | 13,770 | 115 |
United Insurance Holdings Corp. | 19,845 | 114 | |
FNCB Bancorp Inc. | 17,770 | 114 | |
Westwood Holdings Group Inc. | 7,751 | 112 | |
OP Bancorp | 14,487 | 112 | |
* | Pacific Mercantile Bancorp | 21,670 | 111 |
* | MainStreet Bancshares Inc. | 6,562 | 111 |
Level One Bancorp Inc. | 5,494 | 111 | |
* | Guild Holdings Co. Class A | 6,557 | 111 |
* | Pioneer Bancorp Inc. | 10,394 | 110 |
US Global Investors Inc. Class A | 20,155 | 110 | |
Evans Bancorp Inc. | 3,966 | 109 | |
Parke Bancorp Inc. | 6,976 | 109 | |
Mid Penn Bancorp Inc. | 4,979 | 109 | |
* | FVCBankcorp Inc. | 7,380 | 108 |
PCB Bancorp | 10,468 | 106 | |
Plumas Bancorp | 4,517 | 106 | |
Chemung Financial Corp. | 3,092 | 105 | |
Norwood Financial Corp. | 3,972 | 104 | |
Manning & Napier Inc. | 16,394 | 103 | |
CB Financial Services Inc. | 5,108 | 102 | |
First Financial Northwest Inc. | 8,982 | 102 | |
First United Corp. | 6,583 | 102 | |
Marlin Business Services Corp. | 8,289 | 101 | |
United Security Bancshares | 14,133 | 100 | |
Union Bankshares Inc. | 3,794 | 98 | |
* | Medallion Financial Corp. | 20,075 | 98 |
SB Financial Group Inc. | 5,360 | 98 | |
HBT Financial Inc. | 6,435 | 97 | |
Meridian Corp. | 4,682 | 97 | |
* | ProSight Global Inc. | 7,452 | 96 |
County Bancorp Inc. | 4,244 | 94 | |
* | Esquire Financial Holdings Inc. | 4,853 | 93 |
* | California BanCorp. | 5,914 | 92 |
Peoples Bancorp of North Carolina Inc. | 3,935 | 91 | |
Exantas Capital Corp. | 22,416 | 89 | |
* | Altisource Portfolio Solutions SA | 6,945 | 89 |
GAMCO Investors Inc. Class A | 4,894 | 87 |
Shares | Market Value• ($000) | ||
Provident Financial Holdings Inc. | 5,547 | 87 | |
IF Bancorp Inc. | 4,056 | 87 | |
C&F Financial Corp. | 2,281 | 85 | |
* | Capital Bancorp Inc. | 6,085 | 85 |
* | Elevate Credit Inc. | 20,549 | 82 |
* | Consumer Portfolio Services Inc. | 19,297 | 82 |
AG Mortgage Investment Trust Inc. | 27,136 | 80 | |
* | BBX Capital Inc. | 13,584 | 77 |
Prudential Bancorp Inc. | 5,501 | 76 | |
Sterling Bancorp Inc. | 16,749 | 76 | |
First Guaranty Bancshares Inc. | 4,247 | 75 | |
* | Malvern Bancorp Inc. | 4,773 | 74 |
* | Ponce de Leon Federal Bank | 6,750 | 71 |
Ohio Valley Banc Corp. | 2,951 | 70 | |
Old Point Financial Corp. | 3,612 | 68 | |
Provident Bancorp Inc. | 5,551 | 67 | |
Silvercrest Asset Management Group Inc. Class A | 4,801 | 67 | |
Associated Capital Group Inc. Class A | 1,854 | 65 | |
FedNat Holding Co. | 10,920 | 65 | |
Auburn National BanCorp Inc. | 1,551 | 65 | |
Greene County Bancorp Inc. | 2,548 | 65 | |
Cherry Hill Mortgage Investment Corp. | 6,588 | 60 | |
First Savings Financial Group Inc. | 921 | 60 | |
Kingstone Cos. Inc. | 8,512 | 57 | |
* | MMA Capital Holdings Inc. | 2,227 | 55 |
* | Randolph Bancorp Inc. | 2,351 | 52 |
AmeriServ Financial Inc. | 15,247 | 48 | |
Oak Valley Bancorp | 2,728 | 45 | |
Bank7 Corp. | 2,764 | 39 | |
Severn Bancorp Inc. | 5,382 | 38 | |
Manhattan Bridge Capital Inc. | 6,830 | 36 | |
Sound Financial Bancorp Inc. | 1,102 | 35 | |
* | Rhinebeck Bancorp Inc. | 3,974 | 34 |
* | Nicholas Financial Inc. | 3,692 | 31 |
Hennessy Advisors Inc. | 3,282 | 28 | |
* | Siebert Financial Corp. | 5,724 | 24 |
* | Trean Insurance Group Inc. | 1,791 | 23 |
* | Impac Mortgage Holdings Inc. | 7,153 | 22 |
* | Community First Bancshares Inc. | 2,024 | 20 |
* | GWG Holdings Inc. | 2,227 | 16 |
*,1 | Conifer Holdings Inc. | 4,822 | 16 |
* | Altisource Asset Management Corp. | 548 | 13 |
3,446,914 | |||
Health Care (13.5%) | |||
Johnson & Johnson | 2,247,836 | 353,764 | |
UnitedHealth Group Inc. | 810,136 | 284,098 | |
Merck & Co. Inc. | 2,160,699 | 176,745 | |
Pfizer Inc. | 4,745,168 | 174,670 | |
Abbott Laboratories | 1,513,414 | 165,704 | |
AbbVie Inc. | 1,506,876 | 161,462 | |
Thermo Fisher Scientific Inc. | 338,498 | 157,666 | |
Medtronic plc | 1,148,792 | 134,569 | |
Eli Lilly and Co. | 734,823 | 124,068 | |
Danaher Corp. | 546,149 | 121,322 | |
Bristol-Myers Squibb Co. | 1,929,280 | 119,673 |
Shares | Market Value• ($000) | ||
Amgen Inc. | 496,832 | 114,232 | |
* | Intuitive Surgical Inc. | 100,321 | 82,073 |
Stryker Corp. | 288,604 | 70,720 | |
Anthem Inc. | 212,249 | 68,151 | |
Zoetis Inc. | 405,477 | 67,106 | |
Cigna Corp. | 308,337 | 64,190 | |
Gilead Sciences Inc. | 1,069,851 | 62,330 | |
Becton Dickinson and Co. | 247,706 | 61,981 | |
* | Vertex Pharmaceuticals Inc. | 221,730 | 52,404 |
* | Edwards Lifesciences Corp. | 531,673 | 48,505 |
Humana Inc. | 112,937 | 46,335 | |
* | Illumina Inc. | 124,594 | 46,100 |
* | Boston Scientific Corp. | 1,222,564 | 43,951 |
* | Regeneron Pharmaceuticals Inc. | 84,968 | 41,049 |
HCA Healthcare Inc. | 230,813 | 37,960 | |
* | IDEXX Laboratories Inc. | 72,730 | 36,356 |
Baxter International Inc. | 436,250 | 35,005 | |
* | Align Technology Inc. | 60,517 | 32,339 |
* | Biogen Inc. | 131,221 | 32,131 |
* | Veeva Systems Inc. Class A | 115,616 | 31,476 |
Agilent Technologies Inc. | 261,174 | 30,947 | |
* | DexCom Inc. | 81,909 | 30,283 |
* | Centene Corp. | 494,642 | 29,693 |
* | IQVIA Holdings Inc. | 163,399 | 29,276 |
* | Moderna Inc. | 270,152 | 28,223 |
* | Alexion Pharmaceuticals Inc. | 177,236 | 27,691 |
Zimmer Biomet Holdings Inc. | 176,602 | 27,213 | |
ResMed Inc. | 123,613 | 26,275 | |
* | Teladoc Health Inc. | 111,239 | 22,243 |
Cerner Corp. | 261,131 | 20,494 | |
* | Seagen Inc. | 115,145 | 20,166 |
* | Viatris Inc. | 1,029,761 | 19,298 |
* | Exact Sciences Corp. | 135,704 | 17,979 |
West Pharmaceutical Services Inc. | 59,883 | 16,965 | |
* | Laboratory Corp. of America Holdings | 83,240 | 16,944 |
Cooper Cos. Inc. | 45,247 | 16,439 | |
Teleflex Inc. | 39,678 | 16,330 | |
* | Hologic Inc. | 219,518 | 15,987 |
* | Catalent Inc. | 140,142 | 14,585 |
* | Insulet Corp. | 56,276 | 14,386 |
* | Horizon Therapeutics plc | 188,258 | 13,771 |
* | Incyte Corp. | 158,009 | 13,744 |
PerkinElmer Inc. | 95,739 | 13,739 | |
STERIS plc | 72,343 | 13,712 | |
* | Varian Medical Systems Inc. | 78,236 | 13,692 |
Quest Diagnostics Inc. | 114,524 | 13,648 | |
* | BioMarin Pharmaceutical Inc. | 154,949 | 13,587 |
Cardinal Health Inc. | 250,547 | 13,419 | |
* | Alnylam Pharmaceuticals Inc. | 98,762 | 12,836 |
* | Novocure Ltd. | 74,032 | 12,811 |
* | ABIOMED Inc. | 38,375 | 12,441 |
* | Elanco Animal Health Inc. | 402,956 | 12,359 |
* | Avantor Inc. | 416,936 | 11,737 |
* | Masimo Corp. | 42,071 | 11,291 |
* | Sarepta Therapeutics Inc. | 63,848 | 10,885 |
Shares | Market Value• ($000) | ||
* | Molina Healthcare Inc. | 50,707 | 10,784 |
* | Charles River Laboratories International Inc. | 42,490 | 10,617 |
* | Bio-Rad Laboratories Inc. Class A | 17,910 | 10,440 |
Bio-Techne Corp. | 32,751 | 10,400 | |
DENTSPLY SIRONA Inc. | 184,851 | 9,679 | |
* | Guardant Health Inc. | 72,084 | 9,290 |
Universal Health Services Inc. Class B | 63,179 | 8,687 | |
* | 10X Genomics Inc. Class A | 61,027 | 8,641 |
* | Mirati Therapeutics Inc. | 38,131 | 8,375 |
* | Henry Schein Inc. | 122,207 | 8,171 |
* | Amedisys Inc. | 27,819 | 8,160 |
* | Repligen Corp. | 40,763 | 7,811 |
* | Neurocrine Biosciences Inc. | 79,944 | 7,663 |
* | Jazz Pharmaceuticals plc | 45,503 | 7,510 |
* | DaVita Inc. | 62,391 | 7,325 |
Chemed Corp. | 13,542 | 7,213 | |
* | Ultragenyx Pharmaceutical Inc. | 50,784 | 7,030 |
Encompass Health Corp. | 84,151 | 6,958 | |
* | PRA Health Sciences Inc. | 54,650 | 6,855 |
* | Natera Inc. | 66,102 | 6,578 |
* | Denali Therapeutics Inc. | 77,575 | 6,498 |
* | Arrowhead Pharmaceuticals Inc. | 84,206 | 6,461 |
* | Ionis Pharmaceuticals Inc. | 111,883 | 6,326 |
* | Novavax Inc. | 54,884 | 6,120 |
*,1 | Invitae Corp. | 144,713 | 6,050 |
* | Acceleron Pharma Inc. | 46,762 | 5,983 |
* | Adaptive Biotechnologies Corp. | 99,662 | 5,893 |
* | iRhythm Technologies Inc. | 24,623 | 5,841 |
* | Fate Therapeutics Inc. | 63,999 | 5,819 |
* | United Therapeutics Corp. | 37,290 | 5,660 |
Hill-Rom Holdings Inc. | 57,258 | 5,610 | |
* | TG Therapeutics Inc. | 107,217 | 5,577 |
* | LHC Group Inc. | 25,839 | 5,512 |
* | Quidel Corp. | 30,555 | 5,489 |
* | Blueprint Medicines Corp. | 47,916 | 5,374 |
* | ACADIA Pharmaceuticals Inc. | 100,113 | 5,352 |
* | Exelixis Inc. | 266,681 | 5,352 |
* | Iovance Biotherapeutics Inc. | 111,029 | 5,152 |
* | Penumbra Inc. | 29,384 | 5,142 |
* | Haemonetics Corp. | 43,282 | 5,140 |
Perrigo Co. plc | 114,847 | 5,136 | |
* | Amicus Therapeutics Inc. | 218,710 | 5,050 |
* | NeoGenomics Inc. | 91,179 | 4,909 |
* | Tandem Diabetes Care Inc. | 50,842 | 4,865 |
* | Nevro Corp. | 28,064 | 4,858 |
* | Halozyme Therapeutics Inc. | 113,469 | 4,846 |
* | Twist Bioscience Corp. | 32,902 | 4,649 |
* | HealthEquity Inc. | 66,074 | 4,606 |
* | Envista Holdings Corp. | 134,867 | 4,549 |
* | Bridgebio Pharma Inc. | 63,649 | 4,526 |
Bruker Corp. | 83,482 | 4,519 | |
* | Omnicell Inc. | 35,529 | 4,264 |
* | Globus Medical Inc. Class A | 65,322 | 4,260 |
* | Inspire Medical Systems Inc. | 22,016 | 4,141 |
* | Allakos Inc. | 29,356 | 4,110 |
Shares | Market Value• ($000) | ||
* | Syneos Health Inc. | 58,544 | 3,989 |
* | Pacific Biosciences of California Inc. | 152,127 | 3,946 |
* | Sage Therapeutics Inc. | 45,135 | 3,905 |
* | Integra LifeSciences Holdings Corp. | 60,011 | 3,896 |
* | Arena Pharmaceuticals Inc. | 50,410 | 3,873 |
* | Turning Point Therapeutics Inc. | 31,471 | 3,835 |
* | Acadia Healthcare Co. Inc. | 75,326 | 3,786 |
* | Kodiak Sciences Inc. | 25,736 | 3,781 |
Premier Inc. Class A | 105,781 | 3,713 | |
* | ICU Medical Inc. | 17,303 | 3,711 |
* | Editas Medicine Inc. | 52,571 | 3,686 |
* | Emergent BioSolutions Inc. | 41,005 | 3,674 |
* | PPD Inc. | 105,834 | 3,622 |
* | Tenet Healthcare Corp. | 90,654 | 3,620 |
* | Neogen Corp. | 45,640 | 3,619 |
* | PTC Therapeutics Inc. | 57,245 | 3,494 |
* | Medpace Holdings Inc. | 24,829 | 3,456 |
Ensign Group Inc. | 43,889 | 3,200 | |
* | STAAR Surgical Co. | 39,203 | 3,106 |
* | 1Life Healthcare Inc. | 68,463 | 2,988 |
* | Insmed Inc. | 88,046 | 2,931 |
* | Apellis Pharmaceuticals Inc. | 49,911 | 2,855 |
* | HMS Holdings Corp. | 77,639 | 2,853 |
* | CareDx Inc. | 38,966 | 2,823 |
* | Glaukos Corp. | 37,348 | 2,811 |
* | Reata Pharmaceuticals Inc. Class A | 22,515 | 2,783 |
* | ChemoCentryx Inc. | 44,933 | 2,782 |
* | Shockwave Medical Inc. | 26,359 | 2,734 |
* | Alkermes plc | 134,754 | 2,688 |
* | FibroGen Inc. | 72,445 | 2,687 |
CONMED Corp. | 23,663 | 2,650 | |
* | Nektar Therapeutics Class A | 153,713 | 2,613 |
* | Merit Medical Systems Inc. | 45,969 | 2,552 |
* | Select Medical Holdings Corp. | 91,626 | 2,534 |
* | Bluebird Bio Inc. | 58,492 | 2,531 |
* | NuVasive Inc. | 44,752 | 2,521 |
* | Multiplan Corp. | 315,530 | 2,521 |
* | NanoString Technologies Inc. | 37,347 | 2,498 |
* | Intellia Therapeutics Inc. | 45,056 | 2,451 |
* | Veracyte Inc. | 49,858 | 2,440 |
* | Corcept Therapeutics Inc. | 90,990 | 2,380 |
* | Arvinas Inc. | 27,973 | 2,376 |
* | Agios Pharmaceuticals Inc. | 53,707 | 2,327 |
* | Integer Holdings Corp. | 28,608 | 2,323 |
Cantel Medical Corp. | 29,233 | 2,305 | |
* | Global Blood Therapeutics Inc. | 52,778 | 2,286 |
* | Beam Therapeutics Inc. | 27,472 | 2,243 |
* | R1 RCM Inc. | 92,983 | 2,233 |
Patterson Cos. Inc. | 74,743 | 2,215 | |
* | Xencor Inc. | 49,728 | 2,170 |
* | Axsome Therapeutics Inc. | 26,471 | 2,157 |
* | AtriCure Inc. | 37,988 | 2,115 |
* | Pacira BioSciences Inc. | 34,905 | 2,089 |
* | BioTelemetry Inc. | 27,750 | 2,000 |
* | Deciphera Pharmaceuticals Inc. | 35,003 | 1,998 |
Shares | Market Value• ($000) | ||
* | Intra-Cellular Therapies Inc. | 62,110 | 1,975 |
* | Avanos Medical Inc. | 41,998 | 1,927 |
* | Rocket Pharmaceuticals Inc. | 33,895 | 1,859 |
Healthcare Services Group Inc. | 65,628 | 1,844 | |
* | MEDNAX Inc. | 72,542 | 1,780 |
* | Kura Oncology Inc. | 52,819 | 1,725 |
* | Silk Road Medical Inc. | 27,188 | 1,712 |
* | Heron Therapeutics Inc. | 77,610 | 1,643 |
* | Magellan Health Inc. | 19,602 | 1,624 |
Owens & Minor Inc. | 59,892 | 1,620 | |
* | Maravai LifeSciences Holdings Inc. Class A | 57,278 | 1,607 |
* | REVOLUTION Medicines Inc. | 40,195 | 1,591 |
* | Progyny Inc. | 37,152 | 1,575 |
* | Prestige Consumer Healthcare Inc. | 45,084 | 1,572 |
* | Ironwood Pharmaceuticals Inc. Class A | 137,835 | 1,570 |
* | Immunovant Inc. | 33,801 | 1,561 |
* | Eidos Therapeutics Inc. | 11,717 | 1,542 |
* | Sangamo Therapeutics Inc. | 97,321 | 1,519 |
* | Karuna Therapeutics Inc. | 14,687 | 1,492 |
* | Addus HomeCare Corp. | 12,710 | 1,488 |
* | Vir Biotechnology Inc. | 55,470 | 1,485 |
* | Cardiovascular Systems Inc. | 33,070 | 1,447 |
* | Revance Therapeutics Inc. | 51,009 | 1,446 |
* | Mersana Therapeutics Inc. | 54,278 | 1,444 |
* | GoodRx Holdings Inc. Class A | 35,777 | 1,443 |
* | Providence Service Corp. | 10,376 | 1,438 |
* | Allogene Therapeutics Inc. | 55,500 | 1,401 |
* | Inari Medical Inc. | 15,929 | 1,390 |
US Physical Therapy Inc. | 11,475 | 1,380 | |
*,1 | Sorrento Therapeutics Inc. | 201,817 | 1,377 |
* | Endo International plc | 190,560 | 1,368 |
* | Atara Biotherapeutics Inc. | 67,485 | 1,325 |
* | Y-mAbs Therapeutics Inc. | 26,325 | 1,303 |
*,1 | American Well Corp. Class A | 51,336 | 1,300 |
* | AdaptHealth Corp. Class A | 34,553 | 1,298 |
* | Dicerna Pharmaceuticals Inc. | 58,896 | 1,297 |
*,1 | Inovio Pharmaceuticals Inc. | 145,242 | 1,285 |
* | Vericel Corp. | 41,455 | 1,280 |
* | Zentalis Pharmaceuticals Inc. | 24,598 | 1,278 |
*,1 | OPKO Health Inc. | 322,553 | 1,274 |
* | REGENXBIO Inc. | 27,924 | 1,267 |
* | Ligand Pharmaceuticals Inc. | 12,695 | 1,263 |
* | Pennant Group Inc. | 21,655 | 1,257 |
* | Cytokinetics Inc. | 59,291 | 1,232 |
* | Seres Therapeutics Inc. | 50,033 | 1,226 |
* | Inovalon Holdings Inc. Class A | 67,028 | 1,218 |
* | Ocular Therapeutix Inc. | 58,685 | 1,215 |
* | Phreesia Inc. | 22,309 | 1,210 |
* | Myriad Genetics Inc. | 60,253 | 1,192 |
* | Health Catalyst Inc. | 27,323 | 1,189 |
* | BioCryst Pharmaceuticals Inc. | 156,107 | 1,163 |
* | Supernus Pharmaceuticals Inc. | 46,015 | 1,158 |
* | Travere Thrapeutics Inc. | 41,907 | 1,142 |
* | Codexis Inc. | 51,629 | 1,127 |
* | Evolent Health Inc. Class A | 69,198 | 1,109 |
Shares | Market Value• ($000) | ||
* | Translate Bio Inc. | 58,563 | 1,079 |
* | MacroGenics Inc. | 46,492 | 1,063 |
* | Heska Corp. | 7,197 | 1,048 |
* | Axonics Modulation Technologies Inc. | 20,979 | 1,047 |
* | Quanterix Corp. | 22,469 | 1,045 |
* | Cerus Corp. | 150,477 | 1,041 |
* | Castle Biosciences Inc. | 15,491 | 1,040 |
* | Coherus Biosciences Inc. | 57,938 | 1,007 |
* | Arcus Biosciences Inc. | 38,540 | 1,001 |
* | Rhythm Pharmaceuticals Inc. | 33,661 | 1,001 |
* | ImmunoGen Inc. | 154,761 | 998 |
* | Berkeley Lights Inc. | 11,044 | 987 |
* | Sotera Health Co. | 35,687 | 979 |
* | Zogenix Inc. | 48,892 | 977 |
* | Scholar Rock Holding Corp. | 19,797 | 961 |
* | SmileDirectClub Inc. | 80,335 | 959 |
* | Stoke Therapeutics Inc. | 14,788 | 916 |
* | Madrigal Pharmaceuticals Inc. | 8,160 | 907 |
* | SpringWorks Therapeutics Inc. | 12,490 | 906 |
* | Keros Therapeutics Inc. | 12,710 | 897 |
* | Certara, Inc. | 26,356 | 889 |
* | Replimune Group Inc. | 23,235 | 886 |
* | Arcturus Therapeutics Holdings Inc. | 19,991 | 867 |
* | Karyopharm Therapeutics Inc. | 55,362 | 857 |
Luminex Corp. | 36,828 | 851 | |
* | Frequency Therapeutics Inc. | 24,049 | 848 |
* | BioLife Solutions Inc. | 20,998 | 838 |
* | GenMark Diagnostics Inc. | 57,248 | 836 |
* | Option Care Health Inc. | 52,320 | 818 |
* | NextGen Healthcare Inc. | 44,735 | 816 |
* | Adverum Biotechnologies Inc. | 75,150 | 815 |
* | Lantheus Holdings Inc. | 59,263 | 799 |
* | CryoLife Inc. | 33,323 | 787 |
* | Tabula Rasa HealthCare Inc. | 18,230 | 781 |
Atrion Corp. | 1,214 | 780 | |
* | CorVel Corp. | 7,324 | 776 |
* | Inogen Inc. | 17,114 | 765 |
* | Viela Bio Inc. | 21,246 | 764 |
* | Constellation Pharmaceuticals Inc. | 26,504 | 763 |
* | Theravance Biopharma Inc. | 42,946 | 763 |
* | Brookdale Senior Living Inc. | 171,054 | 758 |
* | Tactile Systems Technology Inc. | 16,818 | 756 |
* | Syndax Pharmaceuticals Inc. | 33,761 | 751 |
* | Radius Health Inc. | 41,907 | 748 |
National HealthCare Corp. | 11,192 | 743 | |
* | Personalis Inc. | 20,251 | 741 |
* | ALX Oncology Holdings Inc. | 8,540 | 736 |
* | Community Health Systems Inc. | 98,404 | 731 |
* | Outset Medical Inc. | 12,837 | 730 |
* | Tivity Health Inc. | 37,061 | 726 |
* | Epizyme Inc. | 66,414 | 721 |
* | PMV Pharmaceuticals Inc. | 11,592 | 713 |
* | Athenex Inc. | 64,126 | 709 |
* | Pulmonx Corp. | 10,259 | 708 |
* | RadNet Inc. | 35,999 | 705 |
Shares | Market Value• ($000) | ||
* | IGM Biosciences Inc. | 7,954 | 702 |
* | Meridian Bioscience Inc. | 37,494 | 701 |
* | Enanta Pharmaceuticals Inc. | 16,546 | 697 |
* | MiMedx Group Inc. | 76,504 | 695 |
* | Alphatec Holdings Inc. | 47,749 | 693 |
* | Krystal Biotech Inc. | 11,508 | 690 |
* | Orthofix Medical Inc. | 16,021 | 689 |
* | Alector Inc. | 45,264 | 685 |
* | Innoviva Inc. | 55,211 | 684 |
* | Sutro Biopharma Inc. | 31,488 | 684 |
* | Protagonist Therapeutics Inc. | 33,470 | 675 |
* | OraSure Technologies Inc. | 63,008 | 667 |
* | Omeros Corp. | 46,616 | 666 |
*,1 | Precigen Inc. | 65,060 | 664 |
* | PetIQ Inc. Class A | 17,247 | 663 |
* | MannKind Corp. | 211,559 | 662 |
* | Intercept Pharmaceuticals Inc. | 26,713 | 660 |
* | Hanger Inc. | 29,771 | 655 |
* | Shattuck Labs Inc. | 12,458 | 653 |
* | SI-BONE Inc. | 21,670 | 648 |
* | Amphastar Pharmaceuticals Inc. | 32,139 | 646 |
* | TCR2 Therapeutics Inc. | 20,598 | 637 |
* | Relay Therapeutics Inc. | 15,257 | 634 |
* | Vanda Pharmaceuticals Inc. | 47,444 | 623 |
* | Provention Bio Inc. | 36,721 | 622 |
* | Bioxcel Therapeutics Inc. | 13,467 | 622 |
* | Accolade Inc. | 14,191 | 617 |
* | Intersect ENT Inc. | 26,732 | 612 |
* | Kadmon Holdings Inc. | 147,481 | 612 |
* | Axogen Inc. | 34,129 | 611 |
*,1 | Esperion Therapeutics Inc. | 23,459 | 610 |
* | Albireo Pharma Inc. | 16,015 | 601 |
* | Fulgent Genetics Inc. | 11,477 | 598 |
* | Collegium Pharmaceutical Inc. | 29,791 | 597 |
LeMaitre Vascular Inc. | 14,745 | 597 | |
* | Natus Medical Inc. | 29,472 | 591 |
* | Celldex Therapeutics Inc. | 33,542 | 588 |
* | Five Prime Therapeutics Inc. | 34,466 | 586 |
* | Black Diamond Therapeutics Inc. | 18,268 | 585 |
* | Varex Imaging Corp. | 34,965 | 583 |
* | Cara Therapeutics Inc. | 37,723 | 571 |
* | Antares Pharma Inc. | 142,537 | 569 |
* | Aerie Pharmaceuticals Inc. | 41,716 | 564 |
* | Curis Inc. | 68,833 | 564 |
* | Anika Therapeutics Inc. | 12,379 | 560 |
* | Cardiff Oncology Inc. | 30,869 | 555 |
* | Avid Bioservices Inc. | 47,714 | 551 |
* | Rigel Pharmaceuticals Inc. | 155,948 | 546 |
* | ORIC Pharmaceuticals Inc. | 15,910 | 539 |
* | AngioDynamics Inc. | 35,066 | 538 |
*,1 | Praxis Precision Medicines Inc. | 9,755 | 537 |
*,1 | Vaxart Inc. | 93,778 | 535 |
* | Cerevel Therapeutics Holdings | 32,116 | 532 |
* | NGM Biopharmaceuticals Inc. | 17,252 | 523 |
National Research Corp. | 12,117 | 518 |
Shares | Market Value• ($000) | ||
* | Allovir Inc. | 13,475 | 518 |
* | HealthStream Inc. | 23,658 | 517 |
* | Surgery Partners Inc. | 17,753 | 515 |
* | Humanigen Inc. | 29,228 | 511 |
* | Seer, Inc. | 9,080 | 510 |
* | OrthoPediatrics Corp. | 12,181 | 502 |
* | Surmodics Inc. | 11,471 | 499 |
* | AnaptysBio Inc. | 23,166 | 498 |
* | Phathom Pharmaceuticals Inc. | 14,941 | 496 |
* | Forma Therapeutics Holdings Inc. | 14,058 | 491 |
* | IVERIC bio Inc. | 69,538 | 481 |
* | Eagle Pharmaceuticals Inc. | 10,224 | 476 |
* | ZIOPHARM Oncology Inc. | 188,860 | 476 |
* | Amneal Pharmaceuticals Inc. | 103,077 | 471 |
* | Nkarta Inc. | 7,599 | 467 |
* | Olema Pharmaceuticals Inc. | 9,657 | 464 |
* | Gossamer Bio Inc. | 47,930 | 463 |
* | G1 Therapeutics Inc. | 25,357 | 456 |
* | Kronos Bio Inc. | 15,123 | 452 |
* | Flexion Therapeutics Inc. | 39,117 | 451 |
* | Passage Bio Inc. | 17,565 | 449 |
* | Arcutis Biotherapeutics Inc. | 15,901 | 447 |
*,1 | Ontrak Inc. | 7,191 | 444 |
* | Apollo Medical Holdings Inc. | 24,138 | 441 |
*,1 | Geron Corp. | 277,523 | 441 |
*,1 | Prelude Therapeutics Inc. | 6,034 | 432 |
* | Atea Pharmaceuticals Inc. | 10,245 | 428 |
*,1 | NantKwest Inc. | 31,816 | 424 |
* | Vapotherm Inc. | 15,653 | 420 |
* | Kinnate Biopharma, Inc. | 10,558 | 420 |
* | Spectrum Pharmaceuticals Inc. | 122,092 | 416 |
* | Dermtech Inc. | 12,759 | 414 |
* | iTeos Therapeutics Inc. | 12,096 | 409 |
* | Ardelyx Inc. | 61,207 | 396 |
* | Morphic Holding Inc. | 11,792 | 396 |
* | Triple-S Management Corp. Class B | 18,492 | 395 |
* | Nurix Therapeutics Inc. | 11,914 | 392 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 21,995 | 389 |
* | Akero Therapeutics Inc. | 15,084 | 389 |
* | Vaxcyte Inc. | 14,577 | 387 |
* | TransMedics Group Inc. | 19,174 | 382 |
* | Relmada Therapeutics Inc. | 11,868 | 381 |
* | Annexon Inc. | 15,136 | 379 |
* | Fluidigm Corp. | 63,008 | 378 |
* | Athira Pharma Inc. | 10,986 | 376 |
* | Dynavax Technologies Corp. | 83,454 | 371 |
* | Cymabay Therapeutics Inc. | 64,398 | 370 |
* | SIGA Technologies Inc. | 50,065 | 364 |
*,1 | Clovis Oncology Inc. | 75,524 | 363 |
* | Durect Corp. | 174,960 | 362 |
* | Kymera Therapeutics Inc. | 5,830 | 361 |
Phibro Animal Health Corp. Class A | 18,531 | 360 | |
* | SeaSpine Holdings Corp. | 20,648 | 360 |
* | Marinus Pharmaceuticals Inc. | 29,047 | 354 |
* | Viking Therapeutics Inc. | 62,747 | 353 |
Shares | Market Value• ($000) | ||
*,1 | BioNano Genomics Inc. | 114,537 | 353 |
* | Eargo Inc. | 7,845 | 352 |
* | Agenus Inc. | 109,314 | 348 |
* | Accuray Inc. | 82,902 | 346 |
* | Syros Pharmaceuticals Inc. | 31,809 | 345 |
* | Avrobio Inc. | 24,509 | 342 |
* | Akebia Therapeutics Inc. | 121,817 | 341 |
* | Avidity Biosciences Inc. | 13,364 | 341 |
* | Cue Biopharma Inc. | 27,168 | 340 |
* | Atreca Inc. Class A | 21,020 | 339 |
* | Joint Corp. | 12,757 | 335 |
*,1 | CEL-SCI Corp. | 28,313 | 330 |
* | Puma Biotechnology Inc. | 31,801 | 326 |
*,1 | Applied Molecular Transport Inc. | 10,555 | 325 |
* | XOMA Corp. | 7,108 | 314 |
* | Aligos Therapeutics Inc. | 11,330 | 313 |
* | ViewRay Inc. | 81,613 | 312 |
* | Aspira Women's Health Inc. | 46,365 | 311 |
* | OptimizeRx Corp. | 9,924 | 309 |
* | BioDelivery Sciences International Inc. | 72,969 | 306 |
* | Forte Biosciences Inc. | 8,257 | 301 |
* | Calithera Biosciences Inc. | 61,160 | 300 |
* | Aeglea BioTherapeutics Inc. | 37,939 | 299 |
* | Verastem Inc. | 140,164 | 299 |
* | Eiger BioPharmaceuticals Inc. | 24,244 | 298 |
* | Spero Therapeutics Inc. | 15,345 | 298 |
* | Catalyst Pharmaceuticals Inc. | 88,796 | 297 |
* | Crinetics Pharmaceuticals Inc. | 20,475 | 289 |
* | Cutera Inc. | 11,984 | 289 |
* | Cortexyme Inc. | 10,286 | 286 |
Invacare Corp. | 31,358 | 281 | |
*,1 | Kala Pharmaceuticals Inc. | 41,386 | 281 |
* | Precision BioSciences Inc. | 33,629 | 280 |
* | Prevail Therapeutics Inc. | 12,153 | 280 |
* | CytomX Therapeutics Inc. | 42,387 | 278 |
* | Pulse Biosciences Inc. | 11,668 | 278 |
Utah Medical Products Inc. | 3,270 | 276 | |
*,1 | Trevena Inc. | 127,859 | 274 |
* | C4 Therapeutics Inc. | 8,166 | 271 |
* | Otonomy Inc. | 41,424 | 268 |
* | Applied Therapeutics Inc. | 12,098 | 266 |
* | CytoSorbents Corp. | 33,066 | 264 |
* | Chinook Therapeutics Inc. | 16,671 | 264 |
* | Molecular Templates Inc. | 28,006 | 263 |
* | Concert Pharmaceuticals Inc. | 20,158 | 255 |
* | TherapeuticsMD Inc. | 209,790 | 254 |
* | Altimmune Inc. | 22,319 | 252 |
* | Paratek Pharmaceuticals Inc. | 39,992 | 250 |
* | Evelo Biosciences Inc. | 20,646 | 250 |
* | Dyne Therapeutics Inc. | 11,838 | 249 |
* | Athersys Inc. | 139,529 | 244 |
* | MEI Pharma Inc. | 90,263 | 238 |
* | Odonate Therapeutics Inc. | 12,132 | 233 |
* | Ocugen Inc. | 126,786 | 232 |
*,1 | Co-Diagnostics Inc. | 24,873 | 231 |
Shares | Market Value• ($000) | ||
* | Mustang Bio Inc. | 61,046 | 231 |
* | ANI Pharmaceuticals Inc. | 7,878 | 229 |
* | Viemed Healthcare Inc. | 29,480 | 229 |
* | Immunic Inc. | 15,009 | 229 |
* | Arbutus Biopharma Corp. | 64,217 | 228 |
* | Chiasma Inc. | 52,244 | 227 |
* | Neoleukin Therapeutics Inc. | 16,089 | 227 |
* | Rapt Therapeutics Inc. | 11,390 | 225 |
* | Homology Medicines Inc. | 19,841 | 224 |
* | Anavex Life Sciences Corp. | 41,346 | 223 |
* | Matinas BioPharma Holdings Inc. | 163,094 | 222 |
* | Mirum Pharmaceuticals Inc. | 12,734 | 222 |
* | VYNE Therapeutics Inc. | 140,392 | 222 |
* | Lannett Co. Inc. | 33,675 | 220 |
* | Aclaris Therapeutics Inc. | 33,664 | 218 |
* | Selecta Biosciences Inc. | 71,712 | 217 |
* | Inhibrx Inc. | 6,512 | 215 |
* | Stereotaxis Inc. | 42,106 | 214 |
* | Rubius Therapeutics Inc. | 28,087 | 213 |
* | Lumos Pharma Inc. | 5,932 | 212 |
* | Lineage Cell Therapeutics Inc. | 118,426 | 208 |
* | Taysha Gene Therapies Inc. | 7,802 | 207 |
* | Zynex Inc. | 15,216 | 205 |
* | iCAD Inc. | 15,565 | 205 |
* | CASI Pharmaceuticals, Inc. | 69,305 | 204 |
* | Chimerix Inc. | 42,337 | 204 |
* | Voyager Therapeutics Inc. | 28,408 | 203 |
* | Apyx Medical Corp. | 28,031 | 202 |
* | KalVista Pharmaceuticals Inc. | 10,656 | 202 |
* | Agile Therapeutics Inc. | 70,357 | 202 |
* | XBiotech Inc. | 12,790 | 200 |
* | Solid Biosciences Inc. | 26,256 | 199 |
* | Xeris Pharmaceuticals Inc. | 40,529 | 199 |
* | InfuSystem Holdings Inc. | 10,439 | 196 |
* | Oyster Point Pharma Inc. | 10,341 | 195 |
*,1 | Cassava Sciences Inc. | 28,538 | 195 |
* | Akouos Inc. | 9,805 | 194 |
* | SOC Telemed Inc. | 24,636 | 193 |
* | Accelerate Diagnostics Inc. | 25,335 | 192 |
* | Pliant Therapeutics Inc. | 8,406 | 191 |
* | Sientra Inc. | 48,828 | 190 |
*,2 | PDL BioPharma Inc. | 76,234 | 188 |
* | Ideaya Biosciences Inc. | 13,440 | 188 |
* | Surface Oncology Inc. | 20,025 | 185 |
* | 89bio Inc. | 7,559 | 184 |
* | Generation Bio Co. | 6,380 | 181 |
*,1 | Lexicon Pharmaceuticals Inc. | 52,537 | 180 |
* | Ampio Pharmaceuticals Inc. | 112,330 | 179 |
* | Cabaletta Bio Inc. | 14,382 | 179 |
* | AVEO Pharmaceuticals Inc. | 30,809 | 178 |
* | Harpoon Therapeutics Inc. | 10,526 | 175 |
* | Tarsus Pharmaceuticals Inc. | 4,184 | 173 |
* | Magenta Therapeutics Inc. | 21,844 | 171 |
* | Harrow Health Inc. | 24,765 | 170 |
* | TFF Pharmaceuticals Inc. | 11,879 | 170 |
Shares | Market Value• ($000) | ||
* | Misonix Inc. | 13,438 | 168 |
* | Oncternal Therapeutics Inc. | 34,025 | 167 |
* | UNITY Biotechnology Inc. | 31,699 | 166 |
* | CorMedix Inc. | 22,143 | 165 |
* | Assembly Biosciences Inc. | 27,013 | 163 |
* | MediciNova Inc. | 31,009 | 163 |
* | ChromaDex Corp. | 33,481 | 161 |
* | Diamedica Therapeutics, Inc | 15,764 | 160 |
* | Organogenesis Holdings Inc. | 20,841 | 157 |
*,1 | Senseonics Holdings Inc. | 178,740 | 156 |
* | Tricida Inc. | 22,158 | 156 |
* | 9 Meters Biopharma Inc. | 178,904 | 154 |
* | Surgalign Holdings Inc. | 68,720 | 151 |
* | Sesen Bio Inc. | 110,212 | 149 |
* | Oncorus Inc. | 4,576 | 148 |
*,1 | Corbus Pharmaceuticals Holdings Inc. | 116,834 | 146 |
* | Repro-Med Systems Inc. | 24,313 | 146 |
* | Aldeyra Therapeutics Inc. | 21,071 | 145 |
* | American Renal Associates Holdings Inc. | 12,405 | 142 |
* | Foghorn Therapeutics Inc. | 6,984 | 142 |
* | Cogent Biosciences Inc. | 12,592 | 141 |
* | Zomedica Corp. | 604,961 | 140 |
* | Kindred Biosciences Inc. | 32,100 | 138 |
*,1 | Evofem Biosciences Inc. | 56,679 | 137 |
* | Fulcrum Therapeutics Inc. | 11,609 | 136 |
* | ADMA Biologics Inc. | 69,394 | 135 |
* | Larimar Therapeutics Inc. | 6,252 | 134 |
* | Adicet Bio Inc. | 9,570 | 134 |
* | CTI BioPharma Corp. | 41,211 | 133 |
* | IntriCon Corp. | 7,360 | 133 |
* | Clearside Biomedical, Inc. | 48,077 | 132 |
* | Oncocyte Corp. | 55,076 | 132 |
*,1 | T2 Biosystems Inc. | 106,477 | 132 |
* | Fortress Biotech Inc. | 41,260 | 131 |
* | SQZ Biotechnologies Co. | 4,523 | 131 |
* | iRadimed Corp. | 5,708 | 130 |
* | Neuronetics, Inc. | 11,614 | 129 |
* | Palatin Technologies Inc. | 191,342 | 129 |
* | Acutus Medical Inc. | 4,493 | 129 |
* | Soleno Therapeutics Inc. | 66,304 | 128 |
* | Alpine Immune Sciences Inc. | 10,081 | 127 |
* | Aptinyx Inc. Class A | 36,742 | 127 |
* | Verrica Pharmaceuticals Inc. | 10,956 | 126 |
* | Eton Pharmaceuticals Inc. | 15,500 | 126 |
* | Catalyst Biosciences, Inc. | 19,880 | 125 |
* | Dyadic International Inc. | 23,051 | 124 |
* | Pandion Therapeutics Inc. | 8,375 | 124 |
*,1 | OncoSec Medical Inc. | 19,157 | 124 |
* | Harvard Bioscience Inc. | 28,191 | 121 |
* | NextCure Inc. | 11,137 | 121 |
* | PAVmed Inc. | 56,497 | 120 |
* | GlycoMimetics Inc. | 31,450 | 118 |
* | Idera Pharmaceuticals, Inc. | 32,106 | 118 |
* | Inozyme Pharma Inc. | 5,678 | 117 |
* | Inmune Bio Inc. | 6,739 | 116 |
Shares | Market Value• ($000) | ||
* | Delcath Systems Inc. | 6,498 | 116 |
* | Five Star Senior Living Inc. | 16,734 | 115 |
* | Genocea Biosciences Inc. | 47,393 | 115 |
* | Kezar Life Sciences Inc. | 21,769 | 114 |
* | Optinose Inc. | 27,375 | 113 |
* | Sio Gene Therapies Inc. | 40,650 | 113 |
* | Novan Inc. | 135,255 | 110 |
* | Strongbridge Biopharma plc | 45,385 | 110 |
* | Poseida Therapeutics Inc. | 9,940 | 109 |
* | Tyme Technologies Inc. | 88,496 | 108 |
* | Infinity Pharmaceuticals Inc. | 50,761 | 108 |
* | Jounce Therapeutics Inc. | 15,303 | 107 |
* | ContraFect Corp. | 20,917 | 106 |
* | Harmony Biosciences Holdings Inc. | 2,905 | 105 |
* | Castlight Health Inc. Class B | 79,916 | 104 |
* | Enzo Biochem Inc. | 40,843 | 103 |
* | Ovid therapeutics Inc. | 44,627 | 103 |
*,1 | Retractable Technologies Inc. | 9,432 | 101 |
* | Zynerba Pharmaceuticals, Inc. | 30,393 | 100 |
*,1 | Kaleido Biosciences Inc. | 10,945 | 100 |
* | Galera Therapeutics Inc. | 9,759 | 100 |
* | Cidara Therapeutics Inc. | 48,780 | 98 |
* | Cerecor, Inc. | 37,175 | 98 |
* | F-star Therapeutics Inc. | 9,921 | 98 |
* | Heat Biologics Inc. | 18,250 | 98 |
* | Axcella Health Inc. | 18,758 | 97 |
* | MTBC Inc. | 10,684 | 97 |
* | Cellectar Biosciences Inc. | 46,083 | 96 |
* | Exicure Inc. | 53,130 | 94 |
* | Hookipa Pharma Inc. | 8,509 | 94 |
* | ClearPoint Neuro Inc. | 5,824 | 93 |
* | Abeona Therapeutics Inc. | 58,689 | 92 |
* | Adamas Pharmaceuticals Inc. | 20,973 | 91 |
* | IMARA Inc. | 4,143 | 91 |
* | Soliton Inc. | 11,534 | 89 |
* | Applied Genetic Technologies Corp. | 21,598 | 88 |
* | ElectroCore Inc. | 55,556 | 87 |
* | Evolus, Inc. | 25,840 | 87 |
* | SELLAS Life Sciences Group Inc. | 14,948 | 87 |
* | Graybug Vision Inc. | 2,950 | 86 |
* | Leap Therapeutics Inc. | 37,951 | 85 |
*,1 | Galectin Therapeutics Inc. | 37,318 | 84 |
* | Merrimack Pharmaceuticals Inc. | 12,140 | 84 |
* | Aptevo Therapeutics Inc. | 2,287 | 84 |
* | PhaseBio Pharmaceuticals, Inc. | 24,592 | 83 |
* | Recro Pharma Inc. | 29,155 | 83 |
* | FONAR Corp. | 4,742 | 82 |
* | Aquestive Therapeutics Inc. | 15,278 | 82 |
* | Cyclerion Therapeutics Inc. | 26,426 | 81 |
* | Zosano Pharma Corp. | 154,345 | 81 |
* | Checkpoint Therapeutics Inc. | 30,012 | 80 |
* | BrainStorm Cell Therapeutics Inc. | 17,671 | 80 |
* | Aytu BioScience Inc. | 13,338 | 80 |
* | Milestone Scientific Inc. | 37,457 | 79 |
* | Pro-Dex Inc. | 2,523 | 78 |
Shares | Market Value• ($000) | ||
* | BioAtla Inc. | 2,286 | 78 |
* | NantHealth Inc. | 23,920 | 77 |
* | La Jolla Pharmaceutical Co. | 19,398 | 75 |
* | Tela Bio Inc. | 5,011 | 75 |
* | Summit Therapeutics Inc. | 16,002 | 75 |
* | Exagen Inc. | 5,612 | 74 |
* | Eloxx Pharmaceuticals Inc. | 17,942 | 71 |
* | scPharmaceuticals Inc. | 13,399 | 71 |
* | 908 Devices, Inc. | 1,227 | 70 |
* | Silverback Therapeutics Inc. | 1,513 | 70 |
* | Orgenesis Inc. | 15,406 | 69 |
* | Actinium Pharmaceuticals Inc. | 8,815 | 69 |
* | BioSig Technologies Inc. | 17,340 | 68 |
* | Aprea Therapeutics Inc. | 13,853 | 68 |
* | Champions Oncology Inc. | 6,286 | 68 |
* | Codiak Biosciences Inc. | 2,057 | 66 |
* | Organovo Holdings Inc. | 5,218 | 64 |
* | Miragen Therapeutics Inc. | 3,848 | 63 |
* | Cocrystal Pharma Inc. | 46,296 | 63 |
* | Aravive Inc. | 11,003 | 62 |
* | Lipocine Inc. | 45,601 | 62 |
* | Oak Street Health Inc. | 1,020 | 62 |
* | Neubase Therapeutics Inc. | 8,837 | 62 |
* | X4 Pharmaceuticals Inc. | 9,456 | 61 |
* | Chembio Diagnostics Inc. | 12,649 | 60 |
* | Liquidia Corp. | 20,478 | 60 |
* | AcelRx Pharmaceuticals Inc. | 47,544 | 59 |
* | Rockwell Medical Inc. | 58,115 | 59 |
* | Celcuity Inc. | 6,440 | 59 |
*,1 | Onconova Therapeutics Inc. | 127,333 | 59 |
* | LogicBio Therapeutics Inc. | 7,598 | 58 |
* | Outlook Therapeutics, Inc. | 43,820 | 57 |
* | Equillium Inc. | 10,730 | 57 |
* | Apollo Endosurgery Inc. | 16,050 | 55 |
* | Spruce Biosciences Inc. | 2,210 | 54 |
* | Corvus Pharmaceuticals Inc. | 14,987 | 53 |
* | Lensar Inc. | 6,985 | 51 |
* | Minerva Neurosciences Inc. | 21,467 | 50 |
* | Sigilon Therapeutics Inc. | 1,048 | 50 |
* | Evoke Pharma Inc. | 17,335 | 45 |
*,1 | PLx Pharma Inc. | 8,047 | 44 |
* | Sensus Healthcare Inc. | 11,106 | 43 |
* | Conformis Inc. | 61,734 | 41 |
* | Cumberland Pharmaceuticals Inc. | 13,833 | 41 |
* | Cohbar Inc. | 29,217 | 39 |
* | Biocept Inc. | 8,656 | 38 |
*,1 | Marker Therapeutics Inc. | 24,678 | 36 |
* | Bellerophon Therapeutics Inc. | 5,448 | 36 |
* | Genesis Healthcare Inc. | 69,665 | 34 |
* | Savara Inc. | 28,587 | 33 |
* | Strata Skin Sciences Inc. | 21,171 | 32 |
* | Alimera Sciences Inc. | 7,639 | 32 |
* | Soligenix Inc. | 24,747 | 32 |
* | Biodesix Inc. | 1,473 | 30 |
*,1 | Progenity Inc. | 5,239 | 28 |
Shares | Market Value• ($000) | ||
* | Neos Therapeutics Inc. | 42,186 | 26 |
Psychemedics Corp. | 4,821 | 25 | |
* | Assertio Holdings Inc. | 67,912 | 24 |
* | Gritstone Oncology Inc. | 5,091 | 20 |
* | Scynexis, Inc. | 2,607 | 20 |
* | IRIDEX Corp. | 7,102 | 18 |
* | Metacrine Inc. | 2,323 | 18 |
* | Aziyo Biologics Inc. Class A | 1,174 | 16 |
* | Checkmate Pharmaceuticals Inc. | 967 | 14 |
* | 4D Molecular Therapeutics, Inc. | 308 | 13 |
*,1 | Nobilis Health Corp. | 50,453 | — |
4,420,818 | |||
Industrials (13.7%) | |||
Visa Inc. Class A | 1,445,475 | 316,169 | |
Mastercard Inc. Class A | 759,563 | 271,118 | |
* | PayPal Holdings Inc. | 1,000,243 | 234,257 |
Accenture plc Class A | 541,047 | 141,327 | |
Honeywell International Inc. | 598,672 | 127,338 | |
Union Pacific Corp. | 575,487 | 119,828 | |
Boeing Co. | 481,822 | 103,139 | |
United Parcel Service Inc. Class B | 610,661 | 102,835 | |
Raytheon Technologies Corp. | 1,295,418 | 92,635 | |
3M Co. | 492,375 | 86,062 | |
Caterpillar Inc. | 463,872 | 84,434 | |
General Electric Co. | 7,473,287 | 80,712 | |
Fidelity National Information Services Inc. | 529,924 | 74,963 | |
Lockheed Martin Corp. | 203,095 | 72,095 | |
* | Square Inc. Class A | 327,508 | 71,279 |
Deere & Co. | 240,856 | 64,802 | |
American Express Co. | 515,959 | 62,385 | |
Automatic Data Processing Inc. | 347,856 | 61,292 | |
CSX Corp. | 653,204 | 59,278 | |
* | Fiserv Inc. | 486,607 | 55,405 |
Global Payments Inc. | 255,486 | 55,037 | |
FedEx Corp. | 201,713 | 52,369 | |
Norfolk Southern Corp. | 216,810 | 51,516 | |
Sherwin-Williams Co. | 69,854 | 51,336 | |
Illinois Tool Works Inc. | 243,211 | 49,586 | |
DuPont de Nemours Inc. | 625,778 | 44,499 | |
Emerson Electric Co. | 509,983 | 40,987 | |
Eaton Corp. plc | 339,754 | 40,818 | |
Northrop Grumman Corp. | 128,094 | 39,033 | |
Capital One Financial Corp. | 389,758 | 38,528 | |
General Dynamics Corp. | 207,810 | 30,926 | |
Parker-Hannifin Corp. | 109,693 | 29,881 | |
Trane Technologies plc | 204,829 | 29,733 | |
PPG Industries Inc. | 201,532 | 29,065 | |
Verisk Analytics Inc. Class A | 138,956 | 28,846 | |
Johnson Controls International plc | 618,001 | 28,793 | |
Cummins Inc. | 126,453 | 28,717 | |
Carrier Global Corp. | 739,258 | 27,885 | |
* | TransDigm Group Inc. | 44,068 | 27,271 |
Cintas Corp. | 75,697 | 26,756 | |
Ball Corp. | 279,676 | 26,060 | |
Paychex Inc. | 276,363 | 25,752 |
Shares | Market Value• ($000) | ||
PACCAR Inc. | 296,045 | 25,543 | |
Otis Worldwide Corp. | 370,317 | 25,015 | |
Rockwell Automation Inc. | 99,196 | 24,879 | |
Stanley Black & Decker Inc. | 136,763 | 24,420 | |
AMETEK Inc. | 196,334 | 23,745 | |
* | Mettler-Toledo International Inc. | 20,302 | 23,138 |
* | Keysight Technologies Inc. | 158,200 | 20,897 |
Equifax Inc. | 103,793 | 20,015 | |
* | FleetCor Technologies Inc. | 71,179 | 19,420 |
Fortive Corp. | 273,603 | 19,377 | |
Old Dominion Freight Line Inc. | 90,151 | 17,596 | |
* | Zebra Technologies Corp. Class A | 45,458 | 17,471 |
Vulcan Materials Co. | 112,743 | 16,721 | |
Synchrony Financial | 471,820 | 16,377 | |
Kansas City Southern | 80,058 | 16,342 | |
TransUnion | 162,361 | 16,109 | |
WW Grainger Inc. | 38,969 | 15,913 | |
Xylem Inc. | 152,948 | 15,569 | |
Dover Corp. | 122,501 | 15,466 | |
Martin Marietta Materials Inc. | 52,906 | 15,024 | |
* | Ingersoll Rand Inc. | 321,384 | 14,642 |
* | Trimble Inc. | 213,728 | 14,271 |
* | United Rentals Inc. | 61,513 | 14,265 |
Expeditors International of Washington Inc. | 144,162 | 13,711 | |
* | Waters Corp. | 53,102 | 13,139 |
IDEX Corp. | 64,603 | 12,869 | |
Masco Corp. | 223,610 | 12,283 | |
* | Teledyne Technologies Inc. | 31,261 | 12,254 |
* | Generac Holdings Inc. | 53,796 | 12,234 |
* | Fair Isaac Corp. | 23,573 | 12,047 |
Jacobs Engineering Group Inc. | 110,161 | 12,003 | |
* | Crown Holdings Inc. | 114,924 | 11,515 |
Westinghouse Air Brake Technologies Corp. | 154,886 | 11,338 | |
Cognex Corp. | 140,631 | 11,291 | |
Packaging Corp. of America | 80,348 | 11,081 | |
CH Robinson Worldwide Inc. | 115,974 | 10,886 | |
HEICO Corp. Class A | 90,191 | 10,558 | |
Jack Henry & Associates Inc. | 64,931 | 10,518 | |
Graco Inc. | 143,615 | 10,391 | |
Booz Allen Hamilton Holding Corp. Class A | 117,726 | 10,263 | |
RPM International Inc. | 111,187 | 10,094 | |
JB Hunt Transport Services Inc. | 72,010 | 9,840 | |
Westrock Co. | 223,959 | 9,749 | |
Textron Inc. | 195,208 | 9,434 | |
Howmet Aerospace Inc. | 329,649 | 9,408 | |
* | XPO Logistics Inc. | 78,243 | 9,327 |
Allegion plc | 78,746 | 9,164 | |
Nordson Corp. | 44,751 | 8,993 | |
Toro Co. | 91,916 | 8,717 | |
* | Bill.Com Holdings Inc. | 62,418 | 8,520 |
Quanta Services Inc. | 118,265 | 8,517 | |
* | Trex Co. Inc. | 98,062 | 8,210 |
Lennox International Inc. | 29,482 | 8,077 | |
Snap-on Inc. | 46,100 | 7,890 | |
Western Union Co. | 353,692 | 7,760 |
Shares | Market Value• ($000) | ||
* | WEX Inc. | 37,698 | 7,673 |
Pentair plc | 141,879 | 7,532 | |
AptarGroup Inc. | 55,013 | 7,531 | |
Hubbell Inc. Class B | 46,411 | 7,277 | |
Owens Corning | 92,712 | 7,024 | |
Carlisle Cos. Inc. | 44,932 | 7,017 | |
* | Sensata Technologies Holding plc | 133,042 | 7,017 |
MKS Instruments Inc. | 46,492 | 6,995 | |
* | Axon Enterprise Inc. | 54,627 | 6,693 |
Genpact Ltd. | 161,645 | 6,686 | |
* | Paylocity Holding Corp. | 32,427 | 6,677 |
* | Berry Global Group Inc. | 114,570 | 6,438 |
* | AECOM | 129,020 | 6,423 |
Watsco Inc. | 28,203 | 6,389 | |
A O Smith Corp. | 114,503 | 6,277 | |
Woodward Inc. | 51,008 | 6,199 | |
* | Euronet Worldwide Inc. | 42,721 | 6,191 |
* | Middleby Corp. | 47,580 | 6,134 |
Sealed Air Corp. | 132,640 | 6,074 | |
Donaldson Co. Inc. | 107,819 | 6,025 | |
Lincoln Electric Holdings Inc. | 50,624 | 5,885 | |
Huntington Ingalls Industries Inc. | 34,514 | 5,884 | |
Robert Half International Inc. | 91,520 | 5,718 | |
ITT Inc. | 72,579 | 5,590 | |
Knight-Swift Transportation Holdings Inc. | 129,611 | 5,420 | |
AGCO Corp. | 51,331 | 5,292 | |
* | Axalta Coating Systems Ltd. | 183,403 | 5,236 |
Littelfuse Inc. | 20,536 | 5,230 | |
Tetra Tech Inc. | 45,027 | 5,213 | |
Brunswick Corp. | 67,135 | 5,118 | |
* | TopBuild Corp. | 27,677 | 5,095 |
Sonoco Products Co. | 84,341 | 4,997 | |
Oshkosh Corp. | 57,633 | 4,960 | |
FLIR Systems Inc. | 112,318 | 4,923 | |
CoreLogic Inc. | 63,606 | 4,918 | |
BWX Technologies Inc. | 81,177 | 4,893 | |
MSA Safety Inc. | 31,326 | 4,680 | |
MDU Resources Group Inc. | 171,068 | 4,506 | |
Landstar System Inc. | 32,945 | 4,436 | |
ManpowerGroup Inc. | 49,027 | 4,421 | |
* | Mercury Systems Inc. | 48,077 | 4,234 |
EMCOR Group Inc. | 45,964 | 4,204 | |
Regal Beloit Corp. | 34,049 | 4,182 | |
Curtiss-Wright Corp. | 35,600 | 4,142 | |
Flowserve Corp. | 112,066 | 4,130 | |
Air Lease Corp. Class A | 92,803 | 4,122 | |
Allison Transmission Holdings Inc. | 95,503 | 4,119 | |
* | Builders FirstSource Inc. | 100,131 | 4,086 |
Exponent Inc. | 44,290 | 3,987 | |
* | Saia Inc. | 22,032 | 3,983 |
Graphic Packaging Holding Co. | 228,576 | 3,872 | |
Acuity Brands Inc. | 31,918 | 3,865 | |
* | Vontier Corp. | 114,413 | 3,821 |
MAXIMUS Inc. | 52,064 | 3,811 | |
KBR Inc. | 119,001 | 3,681 |
Shares | Market Value• ($000) | ||
* | ACI Worldwide Inc. | 95,165 | 3,657 |
* | Chart Industries Inc. | 30,890 | 3,639 |
Eagle Materials Inc. | 35,831 | 3,631 | |
* | ASGN Inc. | 43,060 | 3,597 |
Spirit AeroSystems Holdings Inc. Class A | 90,359 | 3,532 | |
Louisiana-Pacific Corp. | 94,404 | 3,509 | |
* | Proto Labs Inc. | 22,766 | 3,492 |
* | FTI Consulting Inc. | 31,035 | 3,467 |
Simpson Manufacturing Co. Inc. | 36,906 | 3,449 | |
nVent Electric plc | 146,607 | 3,414 | |
* | WESCO International Inc. | 43,398 | 3,407 |
* | Aerojet Rocketdyne Holdings Inc. | 63,074 | 3,333 |
* | Colfax Corp. | 86,874 | 3,322 |
Crane Co. | 41,729 | 3,241 | |
Advanced Drainage Systems Inc. | 38,498 | 3,218 | |
* | Itron Inc. | 33,294 | 3,193 |
* | MasTec Inc. | 46,038 | 3,139 |
* | Coherent Inc. | 20,847 | 3,127 |
* | BMC Stock Holdings Inc. | 57,882 | 3,107 |
John Bean Technologies Corp. | 27,224 | 3,100 | |
* | WillScot Mobile Mini Holdings Corp. Class A | 133,810 | 3,100 |
Valmont Industries Inc. | 17,713 | 3,099 | |
EnerSys | 37,157 | 3,086 | |
Altra Industrial Motion Corp. | 55,601 | 3,082 | |
* | Bloom Energy Corp. Class A | 107,102 | 3,070 |
Armstrong World Industries Inc. | 40,464 | 3,010 | |
Brink's Co. | 40,899 | 2,945 | |
Alliance Data Systems Corp. | 39,379 | 2,918 | |
Ryder System Inc. | 46,792 | 2,890 | |
Watts Water Technologies Inc. Class A | 23,631 | 2,876 | |
* | Kratos Defense & Security Solutions Inc. | 101,809 | 2,793 |
* | AMN Healthcare Services Inc. | 40,750 | 2,781 |
* | TriNet Group Inc. | 34,219 | 2,758 |
Triton International Ltd. | 56,711 | 2,751 | |
MSC Industrial Direct Co. Inc. Class A | 32,551 | 2,747 | |
UniFirst Corp. | 12,496 | 2,645 | |
*,1 | Virgin Galactic Holdings Inc. | 110,224 | 2,616 |
Applied Industrial Technologies Inc. | 33,435 | 2,608 | |
* | Kirby Corp. | 50,221 | 2,603 |
Insperity Inc. | 31,635 | 2,576 | |
Kennametal Inc. | 70,961 | 2,572 | |
* | Resideo Technologies Inc. | 120,529 | 2,562 |
GATX Corp. | 29,833 | 2,482 | |
EVERTEC Inc. | 62,502 | 2,458 | |
Silgan Holdings Inc. | 65,303 | 2,421 | |
Badger Meter Inc. | 25,438 | 2,393 | |
AAON Inc. | 35,455 | 2,362 | |
Macquarie Infrastructure Corp. | 62,844 | 2,360 | |
* | AZEK Co. Inc. Class A | 61,283 | 2,356 |
* | Shift4 Payments Inc. Class A | 31,028 | 2,340 |
* | Livent Corp. | 124,082 | 2,338 |
ESCO Technologies Inc. | 22,365 | 2,309 | |
* | ExlService Holdings Inc. | 27,095 | 2,307 |
*,1 | Nikola Corp. | 148,992 | 2,274 |
Franklin Electric Co. Inc. | 32,119 | 2,223 |
Shares | Market Value• ($000) | ||
HB Fuller Co. | 42,536 | 2,207 | |
Hillenbrand Inc. | 54,646 | 2,175 | |
* | Green Dot Corp. Class A | 38,794 | 2,165 |
*,3 | API Group Corp. | 118,057 | 2,143 |
Barnes Group Inc. | 42,228 | 2,141 | |
Matson Inc. | 37,454 | 2,134 | |
* | Masonite International Corp. | 21,655 | 2,130 |
Brady Corp. Class A | 40,058 | 2,116 | |
ManTech International Corp. Class A | 23,592 | 2,098 | |
ABM Industries Inc. | 54,324 | 2,056 | |
Korn Ferry | 46,949 | 2,042 | |
Terex Corp. | 58,443 | 2,039 | |
Moog Inc. Class A | 25,469 | 2,020 | |
* | Dycom Industries Inc. | 26,464 | 1,999 |
* | Summit Materials Inc. Class A | 99,399 | 1,996 |
Albany International Corp. Class A | 27,154 | 1,994 | |
* | SPX FLOW Inc. | 34,215 | 1,983 |
* | Installed Building Products Inc. | 19,360 | 1,973 |
Maxar Technologies Inc. | 51,113 | 1,972 | |
* | Gibraltar Industries Inc. | 27,119 | 1,951 |
* | SPX Corp. | 35,396 | 1,931 |
* | Pluralsight Inc. Class A | 92,004 | 1,928 |
Werner Enterprises Inc. | 49,153 | 1,928 | |
Trinity Industries Inc. | 72,358 | 1,910 | |
* | Beacon Roofing Supply Inc. | 47,412 | 1,905 |
Forward Air Corp. | 24,523 | 1,884 | |
* | Navistar International Corp. | 42,786 | 1,881 |
* | Allegheny Technologies Inc. | 111,419 | 1,868 |
*,1 | Workhorse Group Inc. | 93,532 | 1,850 |
HEICO Corp. | 13,127 | 1,738 | |
Federal Signal Corp. | 52,051 | 1,727 | |
Fluor Corp. | 106,151 | 1,695 | |
Cubic Corp. | 27,310 | 1,694 | |
Mueller Water Products Inc. Class A | 136,007 | 1,684 | |
Belden Inc. | 39,917 | 1,673 | |
* | Meritor Inc. | 59,678 | 1,666 |
* | Atkore International Group Inc. | 40,128 | 1,650 |
* | AeroVironment Inc. | 18,539 | 1,611 |
O-I Glass Inc. | 133,656 | 1,591 | |
* | Hub Group Inc. Class A | 27,791 | 1,584 |
* | Verra Mobility Corp. Class A | 116,532 | 1,564 |
* | Vicor Corp. | 16,802 | 1,549 |
* | Repay Holdings Corp. | 56,285 | 1,534 |
Otter Tail Corp. | 35,812 | 1,526 | |
* | Welbilt Inc. | 114,332 | 1,509 |
* | Air Transport Services Group Inc. | 47,920 | 1,502 |
*,1 | Velodyne Lidar Inc. | 65,397 | 1,492 |
* | JELD-WEN Holding Inc. | 58,459 | 1,483 |
* | CryoPort Inc. | 33,724 | 1,480 |
CSW Industrials Inc. | 13,110 | 1,467 | |
* | Herc Holdings Inc. | 22,097 | 1,467 |
Comfort Systems USA Inc. | 27,725 | 1,460 | |
McGrath RentCorp. | 21,189 | 1,422 | |
Kadant Inc. | 9,936 | 1,401 | |
Kaman Corp. | 23,745 | 1,357 |
Shares | Market Value• ($000) | ||
Helios Technologies Inc. | 24,944 | 1,329 | |
Alamo Group Inc. | 9,613 | 1,326 | |
Patrick Industries Inc. | 19,337 | 1,322 | |
* | Hyliion Holdings Corp. | 79,511 | 1,310 |
EnPro Industries Inc. | 17,198 | 1,299 | |
Greif Inc. Class A | 27,570 | 1,292 | |
* | American Woodmark Corp. | 13,748 | 1,290 |
* | CBIZ Inc. | 47,366 | 1,260 |
Lindsay Corp. | 9,780 | 1,256 | |
* | OSI Systems Inc. | 13,474 | 1,256 |
* | Atlas Air Worldwide Holdings Inc. | 22,736 | 1,240 |
Mesa Laboratories Inc. | 4,241 | 1,216 | |
* | Huron Consulting Group Inc. | 20,468 | 1,207 |
* | TriMas Corp. | 37,768 | 1,196 |
* | FARO Technologies Inc. | 16,698 | 1,179 |
ICF International Inc. | 15,529 | 1,154 | |
* | Sykes Enterprises Inc. | 30,505 | 1,149 |
Enerpac Tool Group Corp. Class A | 50,814 | 1,149 | |
Astec Industries Inc. | 19,679 | 1,139 | |
* | Cimpress plc | 12,956 | 1,137 |
Primoris Services Corp. | 40,574 | 1,120 | |
* | GMS Inc. | 36,566 | 1,115 |
Tennant Co. | 15,780 | 1,107 | |
Encore Wire Corp. | 17,991 | 1,090 | |
AAR Corp. | 29,989 | 1,086 | |
* | Ferro Corp. | 73,805 | 1,080 |
* | Evo Payments Inc. Class A | 39,906 | 1,078 |
* | Advantage Solutions Inc. | 80,526 | 1,061 |
TTEC Holdings Inc. | 14,361 | 1,047 | |
Granite Construction Inc. | 39,084 | 1,044 | |
* | Cardtronics plc Class A | 29,470 | 1,040 |
Deluxe Corp. | 35,501 | 1,037 | |
AZZ Inc. | 21,844 | 1,036 | |
Raven Industries Inc. | 31,198 | 1,032 | |
Schneider National Inc. Class B | 49,581 | 1,026 | |
MTS Systems Corp. | 17,513 | 1,019 | |
* | PGT Innovations Inc. | 49,384 | 1,004 |
Greenbrier Cos. Inc. | 27,322 | 994 | |
ADT Inc. | 126,560 | 993 | |
Griffon Corp. | 43,777 | 892 | |
Marten Transport Ltd. | 51,739 | 891 | |
Shyft Group Inc. | 30,432 | 864 | |
ArcBest Corp. | 20,117 | 858 | |
H&E Equipment Services Inc. | 28,764 | 857 | |
* | MYR Group Inc. | 14,059 | 845 |
*,1 | Eos Energy Enterprises Inc. | 40,101 | 836 |
* | Parsons Corp. | 22,881 | 833 |
Douglas Dynamics Inc. | 19,158 | 819 | |
Heartland Express Inc. | 44,973 | 814 | |
Standex International Corp. | 10,387 | 805 | |
Columbus McKinnon Corp. | 20,746 | 797 | |
* | Construction Partners Inc. Class A | 25,638 | 746 |
Kforce Inc. | 17,507 | 737 | |
Apogee Enterprises Inc. | 23,229 | 736 | |
* | SEACOR Holdings Inc. | 17,339 | 719 |
Shares | Market Value• ($000) | ||
* | NV5 Global Inc. | 9,073 | 715 |
* | Great Lakes Dredge & Dock Corp. | 53,866 | 709 |
* | CIRCOR International Inc. | 18,274 | 702 |
* | Vivint Smart Home Inc. | 33,627 | 698 |
Wabash National Corp. | 39,035 | 673 | |
* | Conduent Inc. | 137,690 | 661 |
Myers Industries Inc. | 31,470 | 654 | |
Chase Corp. | 6,381 | 645 | |
Argan Inc. | 14,028 | 624 | |
* | SP Plus Corp. | 21,612 | 623 |
* | Paya Holdings Inc. Class A | 44,136 | 599 |
* | US Concrete Inc. | 14,971 | 598 |
Kelly Services Inc. Class A | 28,899 | 594 | |
* | Echo Global Logistics Inc. | 21,578 | 579 |
* | Modine Manufacturing Co. | 45,933 | 577 |
* | Energy Recovery Inc. | 42,005 | 573 |
* | BrightView Holdings Inc. | 37,305 | 564 |
Quanex Building Products Corp. | 25,331 | 562 | |
* | Pactiv Evergreen Inc. | 30,531 | 554 |
* | TrueBlue Inc. | 29,172 | 545 |
Triumph Group Inc. | 42,730 | 537 | |
Gorman-Rupp Co. | 16,118 | 523 | |
* | Vectrus Inc. | 10,521 | 523 |
Hyster-Yale Materials Handling Inc. | 8,418 | 501 | |
* | Gates Industrial Corp. plc | 39,241 | 501 |
* | PAE Inc. | 53,161 | 488 |
* | Thermon Group Holdings Inc. | 31,170 | 487 |
Cass Information Systems Inc. | 12,483 | 486 | |
Heidrick & Struggles International Inc. | 16,443 | 483 | |
* | Tutor Perini Corp. | 36,837 | 477 |
* | Cornerstone Building Brands Inc. | 51,155 | 475 |
* | Ducommun Inc. | 8,523 | 458 |
CAI International Inc. | 14,510 | 453 | |
* | USA Technologies, Inc. | 43,243 | 453 |
* | Lydall Inc. | 14,860 | 446 |
Barrett Business Services Inc. | 6,526 | 445 | |
* | Sterling Construction Co. Inc. | 23,837 | 444 |
* | Forterra Inc. | 25,702 | 442 |
* | Manitowoc Co. Inc. | 33,165 | 441 |
Ennis Inc. | 24,329 | 434 | |
* | Aegion Corp. Class A | 22,602 | 429 |
* | Donnelley Financial Solutions Inc. | 23,987 | 407 |
Miller Industries Inc. | 10,598 | 403 | |
* | Willdan Group Inc. | 9,580 | 399 |
Insteel Industries Inc. | 17,239 | 384 | |
* | Ranpak Holdings Corp. Class A | 28,456 | 382 |
* | Aspen Aerogels Inc. | 21,729 | 363 |
International Seaways Inc. | 22,030 | 360 | |
Resources Connection Inc. | 28,373 | 357 | |
* | Foundation Building Materials Inc. | 18,470 | 355 |
CRA International Inc. | 6,909 | 352 | |
* | IES Holdings Inc. | 7,584 | 349 |
VSE Corp. | 8,973 | 345 | |
* | Titan Machinery Inc. | 17,236 | 337 |
Kronos Worldwide Inc. | 22,252 | 332 |
Shares | Market Value• ($000) | ||
* | Montrose Environmental Group Inc. | 10,378 | 321 |
* | Vishay Precision Group Inc. | 10,122 | 319 |
* | DXP Enterprises Inc. | 14,200 | 316 |
* | Cross Country Healthcare Inc. | 34,041 | 302 |
Allied Motion Technologies Inc. | 5,837 | 298 | |
* | Team Inc. | 27,084 | 295 |
* | Astronics Corp. | 20,376 | 270 |
* | Blue Bird Corp. | 14,751 | 269 |
* | UFP Technologies Inc. | 5,711 | 266 |
* | ShotSpotter Inc. | 7,009 | 264 |
Park Aerospace Corp. | 18,757 | 252 | |
Titan International Inc. | 50,392 | 245 | |
* | Napco Security Technologies Inc. | 9,319 | 244 |
Powell Industries Inc. | 8,182 | 241 | |
Park-Ohio Holdings Corp. | 7,777 | 240 | |
* | I3 Verticals Inc. Class A | 7,213 | 239 |
* | GreenSky Inc. Class A | 50,432 | 234 |
U.S. Lime & Minerals Inc. | 2,017 | 230 | |
* | Northwest Pipe Co. | 7,943 | 225 |
* | YRC Worldwide Inc. | 50,867 | 225 |
LSI Industries Inc. | 26,063 | 223 | |
* | BlueLinx Holdings Inc. | 7,532 | 220 |
* | CECO Environmental Corp. | 31,330 | 218 |
* | Franklin Covey Co. | 9,694 | 216 |
* | Lawson Products Inc. | 4,248 | 216 |
* | Luna Innovations Inc. | 21,870 | 216 |
* | Daseke Inc. | 35,353 | 205 |
* | Commercial Vehicle Group Inc. | 23,373 | 202 |
* | Orion Energy Systems Inc. | 20,324 | 201 |
* | Atlanticus Holdings Corp. | 8,009 | 197 |
* | Transcat Inc. | 5,606 | 194 |
* | Veritiv Corp. | 9,213 | 192 |
REV Group Inc. | 21,432 | 189 | |
* | Radiant Logistics Inc. | 31,230 | 181 |
* | Broadwind Inc. | 22,627 | 179 |
* | Covenant Logistics Group Inc. Class A | 11,450 | 170 |
* | Horizon Global Corp. | 19,524 | 168 |
Hurco Cos. Inc. | 5,589 | 168 | |
Universal Logistics Holdings Inc. | 8,048 | 166 | |
* | GP Strategies Corp. | 13,415 | 159 |
* | Acacia Research Corp. | 39,032 | 154 |
* | Overseas Shipholding Group Inc. Class A | 71,987 | 154 |
Graham Corp. | 10,052 | 153 | |
* | PRGX Global Inc. | 19,299 | 147 |
RR Donnelley & Sons Co. | 60,342 | 136 | |
* | Select Interior Concepts Inc. Class A | 19,027 | 136 |
* | ExOne Co. | 14,278 | 136 |
* | Alpha Pro Tech Ltd. | 12,073 | 135 |
* | Orion Group Holdings Inc. | 27,064 | 134 |
* | Mistras Group Inc. | 16,678 | 129 |
BG Staffing Inc. | 9,519 | 128 | |
* | Eagle Bulk Shipping Inc. | 6,742 | 128 |
* | Core Molding Technologies Inc. | 9,054 | 127 |
* | Information Services Group Inc. | 38,221 | 125 |
* | ServiceSource International Inc. | 70,191 | 124 |
Shares | Market Value• ($000) | ||
*,1 | Wrap Technologies Inc. | 25,494 | 123 |
* | MICT Inc. | 58,824 | 122 |
* | US Xpress Enterprises Inc. Class A | 17,513 | 120 |
* | Gencor Industries Inc. | 9,715 | 119 |
* | L B Foster Co. Class A | 7,870 | 118 |
* | PFSweb Inc. | 17,422 | 117 |
Quad/Graphics Inc. | 29,374 | 112 | |
* | EVI Industries Inc. | 3,692 | 110 |
* | Paysign Inc. | 22,281 | 103 |
* | Limbach Holdings Inc. | 8,177 | 101 |
* | Nesco Holdings Inc. | 13,761 | 101 |
* | LightPath Technologies Inc. Class A | 25,635 | 100 |
Innovative Solutions and Support Inc. | 14,876 | 97 | |
* | Babcock & Wilcox Enterprises Inc. | 27,297 | 96 |
Preformed Line Products Co. | 1,407 | 96 | |
* | Concrete Pumping Holdings Inc. | 24,375 | 93 |
* | Infrastructure and Energy Alternatives Inc. | 5,597 | 93 |
* | Willis Lease Finance Corp. | 2,987 | 91 |
* | Huttig Building Products Inc. | 24,527 | 90 |
* | Ultralife Corp. | 13,266 | 86 |
* | DHI Group Inc. | 38,150 | 85 |
* | Rekor Systems Inc. | 10,277 | 83 |
* | Twin Disc Inc. | 10,538 | 83 |
*,1 | HC2 Holdings Inc. | 25,298 | 82 |
* | General Finance Corp. | 8,912 | 76 |
* | StarTek Inc. | 9,990 | 75 |
* | Manitex International Inc. | 12,574 | 65 |
* | Armstrong Flooring Inc. | 15,731 | 60 |
* | Frequency Electronics Inc. | 5,508 | 60 |
* | Target Hospitality Corp. | 37,428 | 59 |
* | USA Truck Inc. | 5,577 | 50 |
*,1 | Digital Ally Inc. | 17,524 | 41 |
* | Ballantyne Strong Inc. | 19,745 | 40 |
* | Houston Wire & Cable Co. | 14,504 | 40 |
RF Industries Ltd. | 8,155 | 40 | |
* | Energous Corp. | 21,774 | 39 |
* | LS Starrett Co. Class A | 9,105 | 39 |
* | Hudson Global Inc. | 3,398 | 36 |
*,1 | Odyssey Marine Exploration Inc. | 4,973 | 35 |
* | Perma-Pipe International Holdings Inc. | 5,795 | 35 |
* | Air T Inc. Warrants Exp. 1/15/21 | 8,708 | 2 |
4,504,897 | |||
Other (0.0%) | |||
Lument Finance Trust Inc. | 27,115 | 89 | |
2 | Alder Biopharmaceuticals Inc. | 90,957 | 80 |
* | Great Elm Group Inc. | 18,596 | 51 |
2 | Tobira Therapeutics | 4,500 | 20 |
2 | Ambit Biosciences Corp. | 29,736 | 18 |
2 | Escalation ware India | 58,489 | 16 |
Geron Corp. Warrant Exp. 12/31/25 | 73,748 | 11 | |
Kadmon Holdings inc. Warrants Exp. 9/29/22 | 25,728 | 8 | |
2 | Omthera Pharmaceutical Inc. | 31,662 | 8 |
2 | Media General Inc. CVR | 175,133 | 7 |
1 | Pulse Biosciences Inc. Warrants Exp. 5/14/25 | 408 | 7 |
2 | Contra Aduro Biotech I | 11,427 | 7 |
Shares | Market Value• ($000) | ||
2 | Newsstar Financial Inc. CVR | 36,657 | 3 |
2 | Alexza Pharmaceuticals | 80,591 | 3 |
2 | Elanco Animal Health Inc. | 67,232 | 2 |
*,2 | Synergy Pharmaceuticals Inc. | 412,534 | 2 |
2 | Contra Miragen Therape | 67,673 | 1 |
2 | Progenics Pharmaceuticals Inc. | 106,497 | — |
2 | Clinical Data CVR | 29,879 | — |
*,2 | Ditech Holding Corp. Warrants Exp. 2/9/28 | 3,340 | — |
*,2 | Frontier Financial Corp. | 1 | — |
*,1,2 | Harvest Natural Resources Inc. | 27,025 | — |
* | Talos Energy Inc. Warrants Exp. 2/28/21 | 725 | — |
1,2 | Biosante Pharmaceutical Warrants | 156,953 | — |
333 | |||
Real Estate (3.4%) | |||
American Tower Corp. | 379,544 | 85,192 | |
Prologis Inc. | 630,800 | 62,866 | |
Crown Castle International Corp. | 368,508 | 58,663 | |
Equinix Inc. | 76,159 | 54,391 | |
Digital Realty Trust Inc. | 239,282 | 33,382 | |
* | CoStar Group Inc. | 33,623 | 31,077 |
Public Storage | 127,086 | 29,348 | |
SBA Communications Corp. Class A | 94,903 | 26,775 | |
Simon Property Group Inc. | 277,244 | 23,643 | |
Welltower Inc. | 355,813 | 22,993 | |
Weyerhaeuser Co. | 636,787 | 21,351 | |
Alexandria Real Estate Equities Inc. | 115,520 | 20,588 | |
AvalonBay Communities Inc. | 118,582 | 19,024 | |
Equity Residential | 317,151 | 18,801 | |
Realty Income Corp. | 299,763 | 18,636 | |
* | CBRE Group Inc. Class A | 270,494 | 16,965 |
Ventas Inc. | 319,528 | 15,670 | |
* | Zillow Group Inc. Class C | 109,981 | 14,276 |
Invitation Homes Inc. | 475,844 | 14,133 | |
Sun Communities Inc. | 91,877 | 13,961 | |
Healthpeak Properties Inc. | 454,730 | 13,746 | |
Essex Property Trust Inc. | 55,366 | 13,145 | |
Extra Space Storage Inc. | 110,700 | 12,826 | |
Duke Realty Corp. | 317,762 | 12,701 | |
Mid-America Apartment Communities Inc. | 97,454 | 12,346 | |
VICI Properties Inc. | 456,281 | 11,635 | |
Boston Properties Inc. | 118,837 | 11,234 | |
WP Carey Inc. | 149,244 | 10,534 | |
Medical Properties Trust Inc. | 457,218 | 9,963 | |
UDR Inc. | 249,754 | 9,598 | |
Equity LifeStyle Properties Inc. | 140,523 | 8,904 | |
Host Hotels & Resorts Inc. | 595,685 | 8,715 | |
Camden Property Trust | 83,059 | 8,299 | |
Gaming and Leisure Properties Inc. | 188,804 | 8,005 | |
CyrusOne Inc. | 103,251 | 7,553 | |
Iron Mountain Inc. | 246,567 | 7,269 | |
* | Zillow Group Inc. Class A | 52,946 | 7,197 |
Americold Realty Trust | 190,037 | 7,094 | |
VEREIT Inc. | 184,288 | 6,964 | |
Omega Healthcare Investors Inc. | 191,390 | 6,951 | |
American Homes 4 Rent Class A | 228,921 | 6,868 |
Shares | Market Value• ($000) | ||
STORE Capital Corp. | 201,492 | 6,847 | |
* | RealPage Inc. | 78,117 | 6,815 |
Regency Centers Corp. | 144,737 | 6,599 | |
Jones Lang LaSalle Inc. | 43,450 | 6,447 | |
Lamar Advertising Co. Class A | 73,612 | 6,126 | |
National Retail Properties Inc. | 149,557 | 6,120 | |
Vornado Realty Trust | 154,635 | 5,774 | |
* | Redfin Corp. | 83,318 | 5,718 |
CubeSmart | 168,078 | 5,649 | |
Kilroy Realty Corp. | 98,369 | 5,646 | |
Federal Realty Investment Trust | 65,272 | 5,556 | |
Rexford Industrial Realty Inc. | 110,173 | 5,411 | |
Kimco Realty Corp. | 350,126 | 5,255 | |
Healthcare Trust of America Inc. Class A | 186,896 | 5,147 | |
American Campus Communities Inc. | 118,506 | 5,068 | |
Life Storage Inc. | 41,524 | 4,958 | |
* | Apartment Income REIT Corp. | 127,651 | 4,903 |
EastGroup Properties Inc. | 33,434 | 4,616 | |
First Industrial Realty Trust Inc. | 108,936 | 4,589 | |
CoreSite Realty Corp. | 36,556 | 4,580 | |
Cousins Properties Inc. | 128,131 | 4,292 | |
STAG Industrial Inc. | 134,235 | 4,204 | |
Brixmor Property Group Inc. | 247,420 | 4,095 | |
Douglas Emmett Inc. | 139,950 | 4,084 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 61,723 | 3,915 | |
Spirit Realty Capital Inc. | 92,046 | 3,697 | |
SL Green Realty Corp. | 61,871 | 3,686 | |
Park Hotels & Resorts Inc. | 205,644 | 3,527 | |
Highwoods Properties Inc. | 88,120 | 3,492 | |
Rayonier Inc. | 118,440 | 3,480 | |
Innovative Industrial Properties Inc. | 18,839 | 3,450 | |
Healthcare Realty Trust Inc. | 114,061 | 3,376 | |
QTS Realty Trust Inc. Class A | 54,189 | 3,353 | |
Terreno Realty Corp. | 57,161 | 3,344 | |
JBG SMITH Properties | 104,697 | 3,274 | |
Agree Realty Corp. | 46,824 | 3,118 | |
Physicians Realty Trust | 172,924 | 3,078 | |
Hudson Pacific Properties Inc. | 125,672 | 3,019 | |
Sabra Health Care REIT Inc. | 171,393 | 2,977 | |
* | Howard Hughes Corp. | 37,189 | 2,935 |
Ryman Hospitality Properties Inc. | 42,952 | 2,910 | |
PotlatchDeltic Corp. | 52,802 | 2,641 | |
Equity Commonwealth | 96,651 | 2,637 | |
National Health Investors Inc. | 36,386 | 2,517 | |
Lexington Realty Trust | 236,448 | 2,511 | |
Corporate Office Properties Trust | 94,334 | 2,460 | |
Outfront Media Inc. | 125,366 | 2,452 | |
PS Business Parks Inc. | 17,755 | 2,359 | |
Uniti Group Inc. | 199,177 | 2,336 | |
Apple Hospitality REIT Inc. | 174,281 | 2,250 | |
Pebblebrook Hotel Trust | 115,371 | 2,169 | |
EPR Properties | 65,372 | 2,125 | |
Weingarten Realty Investors | 97,204 | 2,106 | |
Colony Capital Inc. | 420,222 | 2,021 | |
Sunstone Hotel Investors Inc. | 177,125 | 2,007 |
Shares | Market Value• ($000) | ||
RLJ Lodging Trust | 139,885 | 1,979 | |
Kennedy-Wilson Holdings Inc. | 108,763 | 1,946 | |
Essential Properties Realty Trust Inc. | 88,809 | 1,883 | |
Four Corners Property Trust Inc. | 62,833 | 1,871 | |
CareTrust REIT Inc. | 83,683 | 1,856 | |
National Storage Affiliates Trust | 47,263 | 1,703 | |
Piedmont Office Realty Trust Inc. Class A | 104,051 | 1,689 | |
Service Properties Trust | 144,409 | 1,659 | |
Brandywine Realty Trust | 134,925 | 1,607 | |
Washington REIT | 74,013 | 1,601 | |
Retail Properties of America Inc. Class A | 186,673 | 1,598 | |
DiamondRock Hospitality Co. | 179,856 | 1,484 | |
Easterly Government Properties Inc. | 64,457 | 1,460 | |
* | Cushman & Wakefield plc | 97,643 | 1,448 |
Paramount Group Inc. | 155,692 | 1,407 | |
Columbia Property Trust Inc. | 97,473 | 1,398 | |
Xenia Hotels & Resorts Inc. | 91,522 | 1,391 | |
Global Net Lease Inc. | 80,724 | 1,384 | |
Industrial Logistics Properties Trust | 59,296 | 1,381 | |
Retail Opportunity Investments Corp. | 100,279 | 1,343 | |
LTC Properties Inc. | 34,259 | 1,333 | |
SITE Centers Corp. | 130,136 | 1,317 | |
1 | Macerich Co. | 120,260 | 1,283 |
Monmouth Real Estate Investment Corp. | 74,064 | 1,283 | |
* | Realogy Holdings Corp. | 96,150 | 1,261 |
* | Urban Edge Properties | 97,452 | 1,261 |
American Assets Trust Inc. | 43,533 | 1,257 | |
Empire State Realty Trust Inc. Class A | 134,859 | 1,257 | |
Kite Realty Group Trust | 77,804 | 1,164 | |
Independence Realty Trust Inc. | 83,688 | 1,124 | |
* | Alexander & Baldwin Inc. | 62,800 | 1,079 |
Acadia Realty Trust | 72,478 | 1,028 | |
St. Joe Co. | 24,082 | 1,022 | |
Newmark Group Inc. Class A | 136,910 | 998 | |
Safehold Inc. | 13,066 | 947 | |
Office Properties Income Trust | 40,533 | 921 | |
Diversified Healthcare Trust | 217,975 | 898 | |
GEO Group Inc. | 99,977 | 886 | |
Summit Hotel Properties Inc. | 95,459 | 860 | |
Mack-Cali Realty Corp. | 68,344 | 852 | |
Getty Realty Corp. | 30,458 | 839 | |
Centerspace | 10,500 | 819 | |
Community Healthcare Trust Inc. | 17,146 | 808 | |
NexPoint Residential Trust Inc. | 19,067 | 807 | |
* | Marcus & Millichap Inc. | 21,414 | 797 |
Tanger Factory Outlet Centers Inc. | 75,895 | 756 | |
Universal Health Realty Income Trust | 11,417 | 734 | |
CoreCivic Inc. | 108,937 | 714 | |
American Finance Trust Inc. | 90,764 | 674 | |
Apartment Investment and Management Co. Class A | 127,651 | 674 | |
RPT Realty | 71,658 | 620 | |
Broadstone Net Lease Inc. Class A | 31,015 | 607 | |
Front Yard Residential Corp. | 37,091 | 601 | |
Colony Credit Real Estate Inc. | 79,116 | 593 | |
RE/MAX Holdings Inc. Class A | 15,808 | 574 |
Shares | Market Value• ($000) | ||
RMR Group Inc. Class A | 14,304 | 552 | |
Armada Hoffler Properties Inc. | 48,904 | 549 | |
UMH Properties Inc. | 35,956 | 532 | |
Alexander's Inc. | 1,901 | 527 | |
Gladstone Commercial Corp. | 27,738 | 499 | |
CatchMark Timber Trust Inc. Class A | 52,328 | 490 | |
Chatham Lodging Trust | 42,748 | 462 | |
*,1 | Seritage Growth Properties Class A | 30,690 | 451 |
Global Medical REIT Inc. | 33,615 | 439 | |
Urstadt Biddle Properties Inc. Class A | 30,845 | 436 | |
City Office REIT Inc. | 44,516 | 435 | |
1 | Brookfield Property REIT Inc. Class A | 27,691 | 414 |
Franklin Street Properties Corp. | 86,990 | 380 | |
Saul Centers Inc. | 11,799 | 374 | |
Plymouth Industrial REIT Inc. | 23,688 | 355 | |
Ares Commercial Real Estate Corp. | 29,030 | 346 | |
New Senior Investment Group Inc. | 62,677 | 325 | |
* | Forestar Group Inc. | 15,806 | 319 |
Netstreit Corp. | 16,165 | 315 | |
One Liberty Properties Inc. | 14,636 | 294 | |
Whitestone REIT | 36,139 | 288 | |
Hersha Hospitality Trust Class A | 35,776 | 282 | |
CorePoint Lodging Inc. | 38,813 | 267 | |
* | Rafael Holdings Inc. Class B | 11,307 | 264 |
Preferred Apartment Communities Inc. Class A | 35,507 | 263 | |
Bluerock Residential Growth REIT, Inc. | 20,525 | 260 | |
Gladstone Land Corp. | 17,654 | 258 | |
* | FRP Holdings Inc. | 5,636 | 257 |
* | Tejon Ranch Co. | 17,368 | 251 |
Farmland Partners Inc. | 25,700 | 224 | |
Retail Value Inc. | 14,655 | 218 | |
CTO Realty Growth Inc. | 5,178 | 218 | |
* | PICO Holdings Inc. | 18,199 | 170 |
* | Stratus Properties Inc. | 5,900 | 150 |
Braemar Hotels & Resorts Inc. | 29,196 | 135 | |
* | Fathom Holdings, Inc. | 3,726 | 134 |
BRT Apartments Corp. | 8,612 | 131 | |
Washington Prime Group Inc. | 19,301 | 126 | |
Cedar Realty Trust Inc. | 12,030 | 122 | |
CIM Commercial Trust Corp. | 8,300 | 118 | |
Clipper Realty, Inc. | 15,552 | 110 | |
Postal Realty Trust, Inc. Class A | 6,139 | 104 | |
Ashford Hospitality Trust Inc. | 40,174 | 104 | |
Alpine Income Property Trust Inc. | 6,662 | 100 | |
Tiptree Inc. | 19,509 | 98 | |
Pennsylvania REIT | 94,340 | 94 | |
* | Maui Land & Pineapple Co. Inc. | 7,827 | 90 |
CorEnergy Infrastructure Trust Inc. | 12,142 | 83 | |
Sotherly Hotels Inc. | 18,957 | 47 | |
Global Self Storage Inc. | 8,627 | 35 | |
* | Wheeler REIT Inc. | 11,681 | 32 |
Condor Hospitality Trust Inc. | 7,582 | 30 | |
* | Transcontinental Realty Investors Inc. | 249 | 6 |
1,099,302 |
Shares | Market Value• ($000) | ||
Technology (26.1%) | |||
Apple Inc. | 13,062,302 | 1,733,237 | |
Microsoft Corp. | 6,454,678 | 1,435,649 | |
* | Facebook Inc. Class A | 2,052,276 | 560,600 |
* | Alphabet Inc. Class A | 257,437 | 451,194 |
* | Alphabet Inc. Class C | 238,629 | 418,049 |
NVIDIA Corp. | 502,016 | 262,153 | |
* | Adobe Inc. | 409,588 | 204,843 |
Intel Corp. | 3,499,052 | 174,323 | |
* | salesforce.com Inc. | 738,044 | 164,237 |
Broadcom Inc. | 345,363 | 151,217 | |
QUALCOMM Inc. | 965,438 | 147,075 | |
Texas Instruments Inc. | 783,999 | 128,678 | |
Oracle Corp. | 1,543,243 | 99,832 | |
International Business Machines Corp. | 760,906 | 95,783 | |
* | Advanced Micro Devices Inc. | 1,026,689 | 94,158 |
* | ServiceNow Inc. | 166,527 | 91,661 |
Intuit Inc. | 212,995 | 80,906 | |
* | Micron Technology Inc. | 950,166 | 71,433 |
Applied Materials Inc. | 779,228 | 67,247 | |
Lam Research Corp. | 122,847 | 58,017 | |
* | Autodesk Inc. | 187,090 | 57,126 |
* | Zoom Video Communications Inc. Class A | 157,922 | 53,270 |
* | Snap Inc. Class A | 948,384 | 47,486 |
Analog Devices Inc. | 315,536 | 46,614 | |
* | Twilio Inc. Class A | 119,667 | 40,507 |
Roper Technologies Inc. | 89,457 | 38,564 | |
Cognizant Technology Solutions Corp. Class A | 456,328 | 37,396 | |
* | Workday Inc. Class A | 153,548 | 36,792 |
* | Twitter Inc. | 678,337 | 36,732 |
* | TE Connectivity Ltd. | 281,657 | 34,100 |
KLA Corp. | 131,633 | 34,081 | |
* | Synopsys Inc. | 129,199 | 33,494 |
Amphenol Corp. Class A | 255,123 | 33,362 | |
* | DocuSign Inc. Class A | 150,039 | 33,354 |
* | Match Group Inc. | 215,421 | 32,570 |
* | Cadence Design Systems Inc. | 237,500 | 32,402 |
* | Crowdstrike Holdings Inc. Class A | 149,452 | 31,657 |
Microchip Technology Inc. | 221,874 | 30,643 | |
Xilinx Inc. | 209,102 | 29,644 | |
HP Inc. | 1,171,595 | 28,810 | |
* | Pinterest Inc. Class A | 435,636 | 28,708 |
* | Palo Alto Networks Inc. | 77,141 | 27,415 |
Marvell Technology Group Ltd. | 571,575 | 27,173 | |
* | ANSYS Inc. | 73,144 | 26,610 |
* | Okta Inc. | 102,302 | 26,011 |
* | RingCentral Inc. Class A | 67,645 | 25,635 |
Corning Inc. | 650,829 | 23,430 | |
* | Splunk Inc. | 136,737 | 23,230 |
Skyworks Solutions Inc. | 141,489 | 21,631 | |
Maxim Integrated Products Inc. | 228,214 | 20,231 | |
* | Coupa Software Inc. | 58,706 | 19,896 |
* | Paycom Software Inc. | 42,442 | 19,194 |
* | VeriSign Inc. | 83,008 | 17,963 |
* | Fortinet Inc. | 117,753 | 17,490 |
Shares | Market Value• ($000) | ||
Teradyne Inc. | 141,645 | 16,982 | |
* | Slack Technologies Inc. Class A | 392,516 | 16,580 |
* | EPAM Systems Inc. | 45,387 | 16,264 |
* | MongoDB Inc. | 45,211 | 16,233 |
* | Qorvo Inc. | 97,230 | 16,166 |
CDW Corp. | 121,162 | 15,968 | |
* | Dell Technologies Class C | 211,347 | 15,490 |
* | Tyler Technologies Inc. | 34,242 | 14,947 |
* | Datadog Inc. Class A | 151,079 | 14,872 |
* | HubSpot Inc. | 37,215 | 14,754 |
* | Akamai Technologies Inc. | 139,373 | 14,633 |
* | Zendesk Inc. | 99,760 | 14,278 |
Western Digital Corp. | 247,547 | 13,712 | |
Citrix Systems Inc. | 104,722 | 13,624 | |
SS&C Technologies Holdings Inc. | 184,804 | 13,444 | |
Monolithic Power Systems Inc. | 36,691 | 13,437 | |
* | Arista Networks Inc. | 45,158 | 13,122 |
Hewlett Packard Enterprise Co. | 1,095,132 | 12,977 | |
* | Cloudflare Inc. Class A | 168,826 | 12,829 |
Leidos Holdings Inc. | 121,089 | 12,729 | |
* | Zscaler Inc. | 62,577 | 12,497 |
NetApp Inc. | 188,083 | 12,459 | |
* | Ceridian HCM Holding Inc. | 113,832 | 12,130 |
* | IAC/Inter Active Corp. | 64,035 | 12,125 |
* | GoDaddy Inc. Class A | 143,646 | 11,915 |
* | Gartner Inc. | 72,756 | 11,655 |
Seagate Technology plc | 185,799 | 11,549 | |
* | ON Semiconductor Corp. | 352,064 | 11,523 |
* | Black Knight Inc. | 127,379 | 11,254 |
* | Avalara Inc. | 68,079 | 11,226 |
Entegris Inc. | 115,272 | 11,078 | |
* | PTC Inc. | 89,828 | 10,744 |
* | Nuance Communications Inc. | 241,946 | 10,667 |
NortonLifeLock Inc. | 480,003 | 9,974 | |
* | Cree Inc. | 93,483 | 9,900 |
* | Five9 Inc. | 55,804 | 9,732 |
*,1 | VMware Inc. Class A | 67,722 | 9,499 |
* | F5 Networks Inc. | 52,235 | 9,190 |
* | Guidewire Software Inc. | 71,388 | 9,190 |
Universal Display Corp. | 36,191 | 8,317 | |
* | Anaplan Inc. | 107,936 | 7,755 |
* | Elastic NV | 52,137 | 7,619 |
* | Aspen Technology Inc. | 58,061 | 7,562 |
* | Inphi Corp. | 44,840 | 7,195 |
* | Fastly Inc. Class A | 79,397 | 6,937 |
* | Smartsheet Inc. Class A | 98,770 | 6,844 |
* | Dynatrace Inc. | 157,047 | 6,795 |
* | II-VI Inc. | 89,228 | 6,778 |
* | Proofpoint Inc. | 48,963 | 6,679 |
* | IPG Photonics Corp. | 29,831 | 6,676 |
* | Arrow Electronics Inc. | 64,414 | 6,267 |
* | Snowflake Inc. Class A | 22,257 | 6,263 |
* | Blackline Inc. | 44,144 | 5,888 |
* | Grubhub Inc. | 78,818 | 5,854 |
* | Manhattan Associates Inc. | 54,286 | 5,710 |
Shares | Market Value• ($000) | ||
* | Alteryx Inc. Class A | 46,477 | 5,660 |
* | Dropbox Inc. Class A | 254,824 | 5,655 |
DXC Technology Co. | 219,311 | 5,647 | |
* | CACI International Inc. Class A | 21,661 | 5,401 |
CDK Global Inc. | 103,103 | 5,344 | |
* | Lattice Semiconductor Corp. | 116,583 | 5,342 |
* | Nutanix Inc. Class A | 167,046 | 5,324 |
* | Appian Corp. Class A | 32,276 | 5,232 |
* | Q2 Holdings Inc. | 40,899 | 5,175 |
Jabil Inc. | 112,479 | 4,784 | |
* | Silicon Laboratories Inc. | 37,262 | 4,745 |
Science Applications International Corp. | 50,094 | 4,741 | |
* | Pure Storage Inc. Class A | 202,469 | 4,578 |
Pegasystems Inc. | 33,733 | 4,495 | |
* | Everbridge Inc. | 30,135 | 4,492 |
*,1 | Palantir Technologies Inc. Class A | 189,081 | 4,453 |
National Instruments Corp. | 98,876 | 4,345 | |
Brooks Automation Inc. | 63,077 | 4,280 | |
* | FireEye Inc. | 182,548 | 4,210 |
* | Varonis Systems Inc. | 25,207 | 4,124 |
* | NCR Corp. | 109,367 | 4,109 |
* | Semtech Corp. | 56,004 | 4,037 |
Power Integrations Inc. | 48,903 | 4,003 | |
* | Cirrus Logic Inc. | 48,654 | 3,999 |
* | Alarm.com Holdings Inc. | 38,267 | 3,959 |
* | Sailpoint Technologies Holdings Inc. | 74,263 | 3,954 |
* | LiveRamp Holdings Inc. | 53,193 | 3,893 |
CMC Materials Inc. | 25,178 | 3,809 | |
Vertiv Holdings Co. Class A | 199,523 | 3,725 | |
* | Rapid7 Inc. | 40,661 | 3,666 |
* | Change Healthcare Inc. | 195,795 | 3,652 |
* | J2 Global Inc. | 37,054 | 3,620 |
* | Envestnet Inc. | 43,491 | 3,579 |
*,1 | DoorDash Inc. Class A | 24,749 | 3,533 |
* | Concentrix Corp. | 35,003 | 3,455 |
* | Qualys Inc. | 27,855 | 3,395 |
* | SPS Commerce Inc. | 30,500 | 3,312 |
* | Novanta Inc. | 27,955 | 3,305 |
* | Verint Systems Inc. | 49,054 | 3,295 |
* | Cerence Inc. | 32,164 | 3,232 |
* | ZoomInfo Technologies Inc. Class A | 66,821 | 3,223 |
Xerox Holdings Corp. | 137,625 | 3,192 | |
* | LivePerson Inc. | 50,125 | 3,119 |
* | Advanced Energy Industries Inc. | 31,548 | 3,059 |
* | New Relic Inc. | 46,736 | 3,057 |
* | Tenable Holdings Inc. | 58,091 | 3,036 |
Avnet Inc. | 83,430 | 2,929 | |
* | Schrodinger Inc. | 36,352 | 2,878 |
SYNNEX Corp. | 35,003 | 2,851 | |
* | Diodes Inc. | 40,405 | 2,849 |
Perspecta Inc. | 117,693 | 2,834 | |
* | Synaptics Inc. | 29,114 | 2,807 |
* | FormFactor Inc. | 64,249 | 2,764 |
* | Bandwidth Inc. Class A | 17,977 | 2,763 |
* | Magnite Inc. | 89,158 | 2,738 |
Shares | Market Value• ($000) | ||
* | Upwork Inc. | 78,586 | 2,713 |
* | Workiva Inc. Class A | 29,420 | 2,695 |
* | Ambarella Inc. | 28,911 | 2,655 |
* | Cloudera Inc. | 184,217 | 2,562 |
* | Rogers Corp. | 16,406 | 2,548 |
* | SVMK Inc. | 97,820 | 2,499 |
Blackbaud Inc. | 43,284 | 2,491 | |
* | Appfolio Inc. Class A | 13,752 | 2,476 |
* | MicroStrategy Inc. Class A | 6,371 | 2,475 |
* | Fabrinet | 31,537 | 2,447 |
* | Cargurus Inc. | 76,282 | 2,420 |
Vishay Intertechnology Inc. | 116,093 | 2,404 | |
* | Covetrus Inc. | 82,276 | 2,365 |
* | Cornerstone OnDemand Inc. | 53,005 | 2,334 |
* | Insight Enterprises Inc. | 30,339 | 2,308 |
* | Box Inc. Class A | 127,139 | 2,295 |
* | Medallia Inc. | 68,577 | 2,278 |
* | Dun & Bradstreet Holdings Inc. | 91,134 | 2,269 |
* | MaxLinear Inc. | 58,248 | 2,224 |
* | MACOM Technology Solutions Holdings Inc. Class H | 39,764 | 2,189 |
* | Altair Engineering Inc. Class A | 35,347 | 2,056 |
* | CommVault Systems Inc. | 36,619 | 2,028 |
* | Teradata Corp. | 89,442 | 2,010 |
* | Plexus Corp. | 25,299 | 1,979 |
* | Yelp Inc. Class A | 60,467 | 1,975 |
* | Bottomline Technologies DE Inc. | 36,074 | 1,903 |
Xperi Holding Corp. | 90,016 | 1,881 | |
* | Allscripts Healthcare Solutions Inc. | 129,088 | 1,864 |
* | PagerDuty Inc. | 44,263 | 1,846 |
* | Onto Innovation Inc. | 37,332 | 1,775 |
* | Sanmina Corp. | 54,477 | 1,737 |
* | NetScout Systems Inc. | 61,443 | 1,685 |
* | Rambus Inc. | 96,427 | 1,684 |
* | PROS Holdings Inc. | 32,797 | 1,665 |
*,1 | C3.ai Inc. Class A | 11,990 | 1,664 |
Progress Software Corp. | 36,411 | 1,645 | |
NIC Inc. | 55,773 | 1,441 | |
* | Domo Inc. Class B | 21,837 | 1,393 |
* | Avaya Holdings Corp. | 71,333 | 1,366 |
* | Calix Inc. | 45,685 | 1,360 |
* | Yext Inc. | 86,131 | 1,354 |
* | Perficient Inc. | 28,188 | 1,343 |
Cohu Inc. | 34,417 | 1,314 | |
Switch Inc. Class A | 80,270 | 1,314 | |
Shutterstock Inc. | 17,903 | 1,284 | |
* | Virtusa Corp. | 24,312 | 1,243 |
* | TechTarget Inc. | 21,001 | 1,241 |
Methode Electronics Inc. | 32,145 | 1,231 | |
CSG Systems International Inc. | 27,260 | 1,229 | |
* | Zuora Inc. Class A | 86,426 | 1,204 |
* | Super Micro Computer Inc. | 37,504 | 1,187 |
* | Vroom Inc. | 28,430 | 1,165 |
* | PAR Technology Corp. | 17,907 | 1,124 |
* | TTM Technologies Inc. | 79,994 | 1,104 |
Amkor Technology Inc. | 72,713 | 1,097 |
Shares | Market Value• ($000) | ||
* | Eventbrite Inc. Class A | 60,262 | 1,091 |
* | 3D Systems Corp. | 103,907 | 1,089 |
* | Ultra Clean Holdings Inc. | 33,912 | 1,056 |
* | Unisys Corp. | 50,792 | 1,000 |
* | Upland Software Inc. | 21,534 | 988 |
Pitney Bowes Inc. | 157,586 | 971 | |
* | nLight Inc. | 29,611 | 967 |
* | ePlus Inc. | 10,954 | 963 |
CTS Corp. | 28,023 | 962 | |
* | Model N Inc. | 26,626 | 950 |
Simulations Plus Inc. | 12,953 | 932 | |
Benchmark Electronics Inc. | 33,327 | 900 | |
* | BigCommerce Holdings Inc. Series 1 | 13,329 | 855 |
* | Sitime Corp. | 7,471 | 836 |
* | nCino, Inc. | 11,433 | 828 |
* | CEVA Inc. | 18,049 | 821 |
* | Ping Identity Holding Corp. | 28,498 | 816 |
* | Axcelis Technologies Inc. | 27,929 | 813 |
Ebix Inc. | 21,317 | 809 | |
* | Groupon Inc. Class A | 21,032 | 799 |
* | SolarWinds Corp. | 52,868 | 790 |
* | Duck Creek Technologies Inc. | 18,040 | 781 |
* | Asana Inc. Class A | 25,853 | 764 |
* | Veeco Instruments Inc. | 43,756 | 760 |
* | Jamf Holding Corp. | 25,007 | 748 |
* | ACM Research Inc. Class A | 9,114 | 741 |
* | Agilysys Inc. | 18,999 | 729 |
* | JFrog Ltd. | 11,583 | 728 |
* | Blucora Inc. | 44,264 | 704 |
* | Diebold Nixdorf Inc. | 64,901 | 692 |
* | Ichor Holdings Ltd. | 22,597 | 681 |
* | Sprout Social Inc. Class A | 14,922 | 678 |
*,1 | MicroVision Inc. | 125,418 | 675 |
* | Impinj Inc. | 16,056 | 672 |
* | Vertex Inc. Class A | 19,096 | 666 |
* | Veritone Inc. | 23,102 | 657 |
* | Allegro MicroSystems Inc. | 24,497 | 653 |
* | Brightcove Inc. | 35,454 | 652 |
* | Tucows Inc. Class A | 8,645 | 639 |
* | OneSpan Inc. | 30,864 | 638 |
* | ScanSource Inc. | 23,686 | 625 |
* | PDF Solutions Inc. | 28,249 | 610 |
* | Photronics Inc. | 53,972 | 602 |
* | Digimarc Corp. | 12,494 | 590 |
* | Mitek Systems Inc. | 32,951 | 586 |
QAD Inc. Class A | 8,983 | 568 | |
*,1 | Cleanspark Inc. | 19,450 | 565 |
* | Datto Holding Corp. | 20,362 | 550 |
* | Arlo Technologies Inc. | 67,578 | 526 |
* | Endurance International Group Holdings Inc. | 52,907 | 500 |
* | Rackspace Technology Inc. | 26,226 | 500 |
American Software Inc. Class A | 28,553 | 490 | |
McAfee Corp.Class A | 28,509 | 476 | |
* | Avid Technology Inc. | 28,383 | 450 |
* | EverQuote Inc. Class A | 11,992 | 448 |
Shares | Market Value• ($000) | ||
PC Connection Inc. | 9,424 | 446 | |
* | Alpha & Omega Semiconductor Ltd. | 18,699 | 442 |
* | Zix Corp. | 50,987 | 440 |
* | A10 Networks Inc. | 44,024 | 434 |
* | Forrester Research Inc. | 9,481 | 397 |
* | Limelight Networks Inc. | 97,550 | 389 |
* | Grid Dynamics Holdings Inc. | 30,802 | 388 |
* | TrueCar Inc. | 89,130 | 374 |
* | SMART Global Holdings Inc. | 9,933 | 374 |
* | NeoPhotonics Corp. | 40,572 | 369 |
* | Sumo Logic Inc. | 12,901 | 369 |
* | Benefitfocus Inc. | 25,408 | 368 |
* | Kimball Electronics Inc. | 23,017 | 368 |
* | ChannelAdvisor Corp. | 22,563 | 361 |
* | Mediaalpha Inc. Class A | 8,388 | 328 |
Computer Programs and Systems Inc. | 12,157 | 326 | |
* | DSP Group Inc. | 18,934 | 314 |
* | AXT Inc. | 31,140 | 298 |
* | Sciplay Corp. Class A | 21,401 | 296 |
* | Intelligent Systems Corp. | 6,933 | 278 |
NVE Corp. | 4,885 | 274 | |
Hackett Group Inc. | 18,898 | 272 | |
VirnetX Holding Corp. | 53,507 | 270 | |
* | Atomera Inc. | 15,974 | 257 |
* | Mohawk Group Holdings Inc. | 12,779 | 220 |
* | GTY Technologies Holdings Inc. | 42,017 | 218 |
* | Iteris Inc. | 36,286 | 205 |
* | Immersion Corp. | 18,110 | 204 |
* | Synchronoss Technologies Inc. | 42,759 | 201 |
* | Waitr Holdings Inc. | 72,347 | 201 |
* | Intellicheck, Inc. | 14,706 | 168 |
* | eGain Corp. | 14,040 | 166 |
Daktronics Inc. | 32,859 | 154 | |
* | Unity Software Inc. | 1,006 | 154 |
* | Kopin Corp. | 61,632 | 150 |
QAD Inc. Class B | 3,097 | 150 | |
* | Smith Micro Software Inc. | 27,361 | 148 |
* | Innodata Inc. | 27,064 | 143 |
* | Quantum Corp. | 22,847 | 140 |
* | Intevac Inc. | 18,754 | 135 |
* | Identiv Inc. | 15,541 | 132 |
* | AudioEye, Inc. | 5,086 | 131 |
* | CyberOptics Corp. | 5,602 | 127 |
* | Telenav Inc. | 26,654 | 125 |
* | Remark Holdings Inc. | 64,944 | 123 |
* | Intrusion Inc. | 6,811 | 120 |
* | Red Violet, Inc. | 4,574 | 119 |
* | GSI Technology Inc. | 15,882 | 118 |
* | comScore Inc. | 46,679 | 116 |
* | Verb Technology Co. Inc. | 70,423 | 116 |
* | IEC Electronics Corp. | 7,911 | 107 |
* | PCTEL Inc. | 16,184 | 106 |
* | SecureWorks Corp. Class A | 7,362 | 105 |
* | Pixelworks Inc. | 36,496 | 103 |
* | EMCORE Corp. | 18,628 | 102 |
Shares | Market Value• ($000) | ||
* | WidePoint Corp. | 10,057 | 102 |
*,1 | Net Element Inc. | 7,246 | 101 |
* | Rimini Street Inc. | 21,645 | 96 |
* | Computer Task Group Inc. | 14,832 | 91 |
* | Amtech Systems Inc. | 14,029 | 90 |
* | SharpSpring Inc. | 5,432 | 88 |
* | Research Frontiers Inc. | 30,521 | 86 |
*,1 | XpresSpa Group Inc. | 69,444 | 83 |
* | Everspin Technologies, Inc. | 17,825 | 82 |
* | Zedge Inc. Class B | 10,242 | 62 |
* | Key Tronic Corp. | 8,842 | 61 |
* | Park City Group Inc. | 12,115 | 58 |
* | Mastech Digital Inc. | 3,641 | 58 |
Richardson Electronics Ltd. | 11,184 | 53 | |
* | Issuer Direct Corp. | 2,964 | 52 |
* | Aehr Test Systems | 20,030 | 51 |
* | Beyond Air Inc. | 8,538 | 45 |
ARC Document Solutions Inc. | 30,422 | 45 | |
Bentley Systems Inc. Class B | 1,119 | 45 | |
*,1 | Boxlight Corp. Class A | 28,991 | 44 |
* | PubMatic Inc. Class A | 1,506 | 42 |
* | Evolving Systems Inc. | 20,892 | 41 |
* | inTEST Corp. | 6,184 | 40 |
TransAct Technologies Inc. | 5,596 | 40 | |
* | eMagin Corp. | 24,071 | 40 |
* | BSQUARE Corp. | 25,292 | 38 |
* | Asure Software Inc. | 5,180 | 37 |
* | Synacor Inc. | 26,487 | 36 |
* | Support.com Inc. | 15,883 | 35 |
* | NetSol Technologies Inc. | 9,164 | 35 |
CSP Inc. | 4,375 | 34 | |
* | Data I/O Corp. | 8,084 | 33 |
* | CVD Equipment Corp. | 7,295 | 26 |
8,547,085 | |||
Telecommunications (3.3%) | |||
Verizon Communications Inc. | 3,535,365 | 207,703 | |
Comcast Corp. Class A | 3,898,356 | 204,274 | |
AT&T Inc. | 6,083,140 | 174,951 | |
Cisco Systems Inc. | 3,247,426 | 145,322 | |
* | Charter Communications Inc. Class A | 119,474 | 79,038 |
* | T-Mobile US Inc. | 476,304 | 64,230 |
L3Harris Technologies Inc. | 179,207 | 33,874 | |
* | Roku Inc. | 92,982 | 30,872 |
Motorola Solutions Inc. | 144,452 | 24,566 | |
* | Liberty Broadband Corp. Class C | 118,468 | 18,762 |
Cable One Inc. | 4,648 | 10,354 | |
CenturyLink Inc. | 938,583 | 9,151 | |
*,1 | Altice USA Inc. Class A | 226,883 | 8,592 |
* | Ciena Corp. | 131,125 | 6,930 |
* | DISH Network Corp. Class A | 205,695 | 6,652 |
Juniper Networks Inc. | 281,888 | 6,345 | |
* | Liberty Broadband Corp. Class A | 40,077 | 6,315 |
* | Lumentum Holdings Inc. | 64,334 | 6,099 |
* | Iridium Communications Inc. | 101,235 | 3,981 |
* | Viavi Solutions Inc. | 202,310 | 3,030 |
Shares | Market Value• ($000) | ||
* | 8x8 Inc. | 86,275 | 2,974 |
* | Vonage Holdings Corp. | 204,286 | 2,630 |
* | Acacia Communications Inc. | 31,921 | 2,329 |
* | Comm Scope Holding Co. Inc. | 170,811 | 2,289 |
Cogent Communications Holdings Inc. | 37,643 | 2,254 | |
Shenandoah Telecommunications Co. | 41,291 | 1,786 | |
* | ViaSat Inc. | 53,330 | 1,741 |
InterDigital Inc. | 27,642 | 1,677 | |
Telephone and Data Systems Inc. | 83,042 | 1,542 | |
* | Infinera Corp. | 142,150 | 1,490 |
Ubiquiti Inc. | 5,182 | 1,443 | |
*,1 | fuboTV Inc. | 46,657 | 1,306 |
*,1 | Inseego Corp. | 70,605 | 1,092 |
* | Vocera Communications Inc. | 26,133 | 1,085 |
* | NETGEAR Inc. | 25,080 | 1,019 |
* | EchoStar Corp. Class A | 41,036 | 870 |
Plantronics Inc. | 30,022 | 812 | |
* | Extreme Networks Inc. | 105,363 | 726 |
* | Cincinnati Bell Inc. | 44,260 | 676 |
ADTRAN Inc. | 43,799 | 647 | |
* | Radius Global Infrastructure Inc. Class A | 45,855 | 589 |
* | Harmonic Inc. | 75,678 | 559 |
* | ORBCOMM Inc. | 71,657 | 532 |
* | WideOpenWest Inc. | 48,400 | 516 |
* | Boingo Wireless Inc. | 40,348 | 513 |
* | Digi International Inc. | 23,873 | 451 |
Comtech Telecommunications Corp. | 21,289 | 440 | |
* | Anterix Inc. | 10,842 | 408 |
ATN International Inc. | 9,406 | 393 | |
* | Ribbon Communications Inc. | 52,060 | 342 |
*,1 | Gogo Inc. | 34,335 | 331 |
* | CalAmp Corp. | 32,365 | 321 |
* | U.S. Cellular Corp. | 10,062 | 309 |
* | Consolidated Communications Holdings Inc. | 62,457 | 305 |
Loral Space & Communications Inc. | 12,664 | 266 | |
* | Clearfield Inc. | 10,271 | 254 |
* | Ooma Inc. | 15,836 | 228 |
Spok Holdings Inc. | 19,120 | 213 | |
Alaska Communications Systems Group Inc. | 53,585 | 198 | |
* | Powerfleet Inc. | 26,138 | 194 |
*,1 | Globalstar Inc. | 543,533 | 184 |
* | Airgain Inc. | 10,184 | 181 |
* | Genasys Inc. | 27,518 | 179 |
* | Hemisphere Media Group Inc. Class A | 16,938 | 176 |
* | IDT Corp. Class B | 14,069 | 174 |
* | KVH Industries Inc. | 15,289 | 174 |
* | Aviat Networks Inc. | 5,073 | 173 |
* | Cambium Networks Corp. | 6,712 | 168 |
*,1 | Applied Optoelectronics Inc. | 17,785 | 151 |
* | DZS Inc. | 9,326 | 144 |
* | Casa Systems Inc. | 21,249 | 131 |
Bel Fuse Inc. Class B | 7,486 | 113 | |
* | GTT Communications Inc. | 30,670 | 110 |
* | Lantronix Inc. | 20,747 | 92 |
* | RigNet Inc. | 11,236 | 66 |
Shares | Market Value• ($000) | ||
* | Resonant Inc. | 24,666 | 65 |
* | SeaChange International Inc. | 39,652 | 56 |
Network-1 Technologies Inc. | 15,271 | 56 | |
* | Otelco Inc. Class A | 3,053 | 35 |
Bel Fuse Inc. Class A | 1,376 | 18 | |
1,091,237 | |||
Utilities (3.0%) | |||
NextEra Energy Inc. | 1,673,810 | 129,135 | |
Duke Energy Corp. | 629,139 | 57,604 | |
Southern Co. | 902,976 | 55,470 | |
* | Dominion Energy Inc. | 697,664 | 52,464 |
Waste Management Inc. | 360,800 | 42,549 | |
American Electric Power Co. Inc. | 424,564 | 35,354 | |
Exelon Corp. | 831,249 | 35,095 | |
Sempra Energy | 246,724 | 31,435 | |
Xcel Energy Inc. | 449,223 | 29,950 | |
Eversource Energy | 292,587 | 25,312 | |
Public Service Enterprise Group Inc. | 431,685 | 25,167 | |
WEC Energy Group Inc. | 268,793 | 24,737 | |
American Water Works Co. Inc. | 154,687 | 23,740 | |
Waste Connections Inc. | 224,434 | 23,020 | |
Consolidated Edison Inc. | 292,364 | 21,129 | |
Edison International | 322,104 | 20,235 | |
DTE Energy Co. | 164,022 | 19,914 | |
PPL Corp. | 651,568 | 18,374 | |
Republic Services Inc. Class A | 176,132 | 16,962 | |
Entergy Corp. | 169,697 | 16,943 | |
Ameren Corp. | 209,932 | 16,387 | |
* | PG&E Corp. | 1,272,212 | 15,852 |
CMS Energy Corp. | 244,078 | 14,891 | |
FirstEnergy Corp. | 460,783 | 14,105 | |
AES Corp. | 568,079 | 13,350 | |
* | Sunrun Inc. | 159,037 | 11,034 |
Alliant Energy Corp. | 214,008 | 11,028 | |
Evergy Inc. | 194,167 | 10,778 | |
Atmos Energy Corp. | 107,214 | 10,231 | |
CenterPoint Energy Inc. | 466,098 | 10,086 | |
Essential Utilities Inc. | 207,524 | 9,814 | |
Vistra Corp. | 418,211 | 8,222 | |
NRG Energy Inc. | 208,817 | 7,841 | |
Pinnacle West Capital Corp. | 96,354 | 7,704 | |
NiSource Inc. | 327,532 | 7,514 | |
UGI Corp. | 177,737 | 6,214 | |
* | Stericycle Inc. | 78,897 | 5,470 |
OGE Energy Corp. | 167,214 | 5,327 | |
IDACORP Inc. | 42,479 | 4,079 | |
ONE Gas Inc. | 45,932 | 3,526 | |
Ormat Technologies Inc. | 37,896 | 3,421 | |
Portland General Electric Co. | 78,032 | 3,337 | |
Black Hills Corp. | 53,903 | 3,312 | |
PNM Resources Inc. | 67,614 | 3,281 | |
* | Clean Harbors Inc. | 41,002 | 3,120 |
Hawaiian Electric Industries Inc. | 87,981 | 3,114 | |
National Fuel Gas Co. | 75,021 | 3,086 | |
New Jersey Resources Corp. | 78,632 | 2,795 |
Shares | Market Value• ($000) | ||
ALLETE Inc. | 44,871 | 2,779 | |
Spire Inc. | 42,976 | 2,752 | |
* | Southwest Gas Holdings Inc. | 45,140 | 2,742 |
NorthWestern Corp. | 44,884 | 2,617 | |
* | Sunnova Energy International Inc. | 57,455 | 2,593 |
* | Casella Waste Systems Inc. Class A | 40,868 | 2,532 |
* | Evoqua Water Technologies Corp. | 91,437 | 2,467 |
American States Water Co. | 30,786 | 2,448 | |
Avangrid Inc. | 52,980 | 2,408 | |
Avista Corp. | 58,382 | 2,344 | |
California Water Service Group | 43,081 | 2,328 | |
MGE Energy Inc. | 31,118 | 2,179 | |
Clearway Energy Inc. Class C | 58,530 | 1,869 | |
South Jersey Industries Inc. | 83,485 | 1,799 | |
SJW Group | 25,345 | 1,758 | |
Chesapeake Utilities Corp. | 13,706 | 1,483 | |
Covanta Holding Corp. | 102,342 | 1,344 | |
Northwest Natural Holding Co. | 27,241 | 1,253 | |
Clearway Energy Inc. Class A | 41,489 | 1,226 | |
* | Harsco Corp. | 67,467 | 1,213 |
Middlesex Water Co. | 15,294 | 1,108 | |
US Ecology Inc. | 27,796 | 1,010 | |
Unitil Corp. | 14,045 | 622 | |
York Water Co. | 11,742 | 547 | |
* | Heritage-Crystal Clean Inc. | 15,609 | 329 |
Artesian Resources Corp. Class A | 7,562 | 280 | |
* | Atlantic Power Corp. | 94,453 | 198 |
* | Aqua Metals Inc. | 65,269 | 196 |
* | Pure Cycle Corp. | 16,672 | 187 |
*,1 | Cadiz Inc. | 16,180 | 172 |
RGC Resources Inc. | 6,282 | 149 | |
Global Water Resources Inc. | 9,516 | 137 | |
* | Sharps Compliance Corp. | 13,484 | 127 |
Genie Energy Ltd. Class B | 14,713 | 106 | |
Spark Energy Inc. Class A | 10,830 | 104 | |
Advanced Emissions Solutions Inc. | 16,504 | 91 | |
* | Perma-Fix Environmental Services Inc. | 9,152 | 55 |
* | Fuel Tech Inc. | 13,967 | 54 |
* | Charah Solutions Inc. | 11,840 | 34 |
971,148 | |||
Total Common Stocks (Cost $13,596,392) | 32,576,956 | ||
Preferred Stock (0.0%) | |||
* | Air T Funding Pfd. 8.000%, 6/7/49 (Cost $3) | 165 | 4 |
Temporary Cash Investments (1.1%) | |||
Money Market Fund (1.1%) | |||
4,5 | Vanguard Market Liquidity Fund 0.111% | 3,429,953 | 342,995 |
Face Amount ($000) | Market Value• ($000) | ||
U.S. Government and Agency Obligations (0.0%) | |||
6 | U.S. Cash Management Bill, 0.081%, 5/18/21 | 5,300 | 5,298 |
6 | U.S. Treasury Bill, 0.116%, 2/16/21 | 2,872 | 2,872 |
8,170 | |||
Total Temporary Cash Investments (Cost $351,140) | 351,165 | ||
Total Investments (100.5%) (Cost $13,947,535) | 32,928,125 | ||
Other Assets and Liabilities—Net (-0.5%) | (158,709) | ||
Net Assets (100%) | 32,769,416 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $80,381,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Certain of the fund's securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2020, the aggregate value of these securities was $2,143,000, representing 0.0% of net assets. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $87,551,000 was received for securities on loan. |
6 | Securities with a value of $8,170,000 have been segregated as initial margin for open futures contracts. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2021 | 125 | 12,343 | 402 |
E-mini S&P 500 Index | March 2021 | 883 | 165,510 | 2,246 |
E-mini S&P Mid-Cap 400 Index | March 2021 | 30 | 6,911 | 200 |
2,848 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $13,604,565) | 32,585,130 |
Affiliated Issuers (Cost $342,970) | 342,995 |
Total Investments in Securities | 32,928,125 |
Investment in Vanguard | 1,235 |
Cash | 6,024 |
Cash Collateral Pledged—Futures Contracts | 2,391 |
Receivables for Investment Securities Sold | 270 |
Receivables for Accrued Income | 24,492 |
Receivables for Capital Shares Issued | 30,989 |
Variation Margin Receivable—Futures Contracts | 1,099 |
Total Assets | 32,994,625 |
Liabilities | |
Payables for Investment Securities Purchased | 115,858 |
Collateral for Securities on Loan | 87,551 |
Payables for Capital Shares Redeemed | 21,309 |
Payables for Distributions | 131 |
Payables to Vanguard | 360 |
Total Liabilities | 225,209 |
Net Assets | 32,769,416 |
At December 31, 2020, net assets consisted of: | |
Paid-in Capital | 13,811,371 |
Total Distributable Earnings (Loss) | 18,958,045 |
Net Assets | 32,769,416 |
Institutional Shares—Net Assets | |
Applicable to 9,215,080 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 681,596 |
Net Asset Value Per Share—Institutional Shares | $73.97 |
Institutional Plus Shares—Net Assets | |
Applicable to 433,848,304 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 32,087,820 |
Net Asset Value Per Share—Institutional Plus Shares | $73.96 |
Year Ended December 31, 2020 | |
($000) | |
Investment Income | |
Income | |
Dividends | 644,195 |
Interest1 | 1,047 |
Securities Lending—Net | 6,222 |
Total Income | 651,464 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 2,352 |
Management and Administrative—Institutional Shares | 140 |
Management and Administrative—Institutional Plus Shares | 4,264 |
Marketing and Distribution—Institutional Shares | 22 |
Marketing and Distribution—Institutional Plus Shares | 330 |
Custodian Fees | 271 |
Auditing Fees | 30 |
Shareholders' Reports—Institutional Shares | 4 |
Shareholders' Reports—Institutional Plus Shares | 89 |
Trustees’ Fees and Expenses | 20 |
Total Expenses | 7,522 |
Net Investment Income | 643,942 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 8,825,469 |
Futures Contracts | 24,726 |
Realized Net Gain (Loss) | 8,850,195 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (2,905,530) |
Futures Contracts | (320) |
Change in Unrealized Appreciation (Depreciation) | (2,905,850) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 6,588,287 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $761,000, $98,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $8,032,890,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended December 31, | ||
2020 ($000) | 2019 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 643,942 | 725,509 |
Realized Net Gain (Loss) | 8,850,195 | 1,129,541 |
Change in Unrealized Appreciation (Depreciation) | (2,905,850) | 8,311,492 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 6,588,287 | 10,166,542 |
Distributions1 | ||
Institutional Shares | (35,557) | (19,762) |
Institutional Plus Shares | (1,661,023) | (1,187,970) |
Return of Capital | ||
Institutional Shares | (41,549) | — |
Institutional Plus Shares | (1,940,947) | — |
Total Distributions | (3,679,076) | (1,207,732) |
Capital Share Transactions | ||
Institutional Shares | (130,393) | 85,436 |
Institutional Plus Shares | (11,368,319) | (1,429,894) |
Net Increase (Decrease) from Capital Share Transactions | (11,498,712) | (1,344,458) |
Total Increase (Decrease) | (8,589,501) | 7,614,352 |
Net Assets | ||
Beginning of Period | 41,358,917 | 33,744,565 |
End of Period | 32,769,416 | 41,358,917 |
1 | Certain prior-period numbers have been reclassified to conform with the current-period presentation. |
Institutional Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended December 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | |
Net Asset Value, Beginning of Period | $68.66 | $54.09 | $59.47 | $50.34 | $45.94 |
Investment Operations | |||||
Net Investment Income | 1.1711 | 1.1821 | 1.1781 | 1.0131 | 1.009 |
Net Realized and Unrealized Gain (Loss) on Investments | 12.690 | 15.381 | (4.186) | 9.542 | 4.789 |
Total from Investment Operations | 13.861 | 16.563 | (3.008) | 10.555 | 5.798 |
Distributions | |||||
Dividends from Net Investment Income | (1.325) | (1.245) | (1.185) | (1.025) | (1.016) |
Distributions from Realized Capital Gains | (2.541) | (.748) | (1.187) | (.400) | (.382) |
Distributions from Return of Capital | (4.685) | — | — | — | — |
Total Distributions | (8.551) | (1.993) | (2.372) | (1.425) | (1.398) |
Net Asset Value, End of Period | $73.97 | $68.66 | $54.09 | $59.47 | $50.34 |
Total Return | 20.99% | 30.86% | -5.15% | 21.13% | 12.75% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $682 | $722 | $494 | $692 | $664 |
Ratio of Total Expenses to Average Net Assets | 0.03% | 0.03% | 0.03% | 0.04% | 0.04% |
Ratio of Net Investment Income to Average Net Assets | 1.72% | 1.87% | 1.94% | 1.85% | 2.08% |
Portfolio Turnover Rate2 | 11% | 5% | 7% | 7% | 8% |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
Institutional Plus Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended December 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | |
Net Asset Value, Beginning of Period | $68.66 | $54.09 | $59.47 | $50.35 | $45.95 |
Investment Operations | |||||
Net Investment Income | 1.1431 | 1.1821 | 1.1911 | 1.0281 | 1.021 |
Net Realized and Unrealized Gain (Loss) on Investments | 12.715 | 15.387 | (4.193) | 9.528 | 4.788 |
Total from Investment Operations | 13.858 | 16.569 | (3.002) | 10.556 | 5.809 |
Distributions | |||||
Dividends from Net Investment Income | (1.326) | (1.251) | (1.191) | (1.036) | (1.027) |
Distributions from Realized Capital Gains | (2.543) | (.748) | (1.187) | (.400) | (.382) |
Distributions from Return of Capital | (4.689) | — | — | — | — |
Total Distributions | (8.558) | (1.999) | (2.378) | (1.436) | (1.409) |
Net Asset Value, End of Period | $73.96 | $68.66 | $54.09 | $59.47 | $50.35 |
Total Return | 20.99% | 30.88% | -5.14% | 21.13% | 12.77% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $32,088 | $40,637 | $33,250 | $42,862 | $36,648 |
Ratio of Total Expenses to Average Net Assets | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
Ratio of Net Investment Income to Average Net Assets | 1.69% | 1.88% | 1.95% | 1.87% | 2.10% |
Portfolio Turnover Rate2 | 11% | 5% | 7% | 7% | 8% |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 32,576,090 | 496 | 370 | 32,576,956 |
Preferred Stock | 4 | — | — | 4 |
Temporary Cash Investments | 342,995 | 8,170 | — | 351,165 |
Total | 32,919,089 | 8,666 | 370 | 32,928,125 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,099 | — | — | 1,099 |
1 | Represents variation margin on the last day of the reporting period. |
D. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and passive foreign investment companies were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 8,024,500 |
Total Distributable Earnings (Loss) | (8,024,500) |
Amount ($000) | |
Undistributed Ordinary Income | — |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 18,958,045 |
Year Ended December 31, | ||
2020 Amount ($000) | 2019 Amount ($000) | |
Ordinary Income* | 739,407 | 830,061 |
Long-Term Capital Gains | 957,173 | 377,671 |
Return of Capital | 1,982,496 | — |
Total | 3,679,076 | 1,207,732 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 13,970,079 |
Gross Unrealized Appreciation | 19,887,003 |
Gross Unrealized Depreciation | (928,958) |
Net Unrealized Appreciation (Depreciation) | 18,958,045 |
E. | During the year ended December 31, 2020, the fund purchased $3,951,851,000 of investment securities and sold $18,310,183,000 of investment securities, other than temporary cash investments. Purchases and sales include $0 and $12,037,227,000, respectively, in connection with in-kind purchases and redemptions of the fund's captial shares. |
F. | Capital share transactions for each class of shares were: |
Year Ended December 31, | |||||
2020 | 2019 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 206,134 | 3,340 | 230,213 | 3,667 | |
Issued in Lieu of Cash Distributions | 55,101 | 785 | 14,193 | 218 | |
Redeemed | (391,628) | (5,419) | (158,970) | (2,517) | |
Net Increase (Decrease)—Institutional Shares | (130,393) | (1,294) | 85,436 | 1,368 | |
Institutional Plus Shares | |||||
Issued | 5,537,354 | 86,814 | 2,667,991 | 42,638 | |
Issued in Lieu of Cash Distributions | 3,379,392 | 48,473 | 1,135,554 | 17,479 | |
Redeemed | (20,285,065) | (293,331) | (5,233,439) | (82,913) | |
Net Increase (Decrease)—Institutional Plus Shares | (11,368,319) | (158,044) | (1,429,894) | (22,796) |
G. | Management has determined that no events or transactions occurred subsequent to December 31, 2020, that would require recognition or disclosure in these financial statements. |
Item 2: Code of Ethics. The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. The Code of Ethics was amended during the reporting period covered by this report to make certain technical, non-material changes.
Item 3: Audit Committee Financial Expert. All members of the Audit Committee have been determined by the Registrant’s Board of Trustees to be Audit Committee Financial Experts and to be independent: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.
Item 4: Principal Accountant Fees and Services.
(a) Audit Fees.
Audit Fees of the Registrant.
Fiscal Year Ended December 31, 2020: $61,000
Fiscal Year Ended December 31, 2019: $68,000
Aggregate Audit Fees of Registered Investment Companies in the Vanguard Group.
Fiscal Year Ended December 31, 2020: $10,761,407
Fiscal Year Ended December 31, 2019: $9,568,215
Includes fees billed in connection with audits of the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(b) Audit-Related Fees.
Fiscal Year Ended December 31, 2020: $2,915,863
Fiscal Year Ended December 31, 2019: $3,012,031
Includes fees billed in connection with assurance and related services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(c) Tax Fees.
Fiscal Year Ended December 31, 2020: $247,168
Fiscal Year Ended December 31, 2019: $357,238
Includes fees billed in connection with tax compliance, planning, and advice services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(d) All Other Fees.
Fiscal Year Ended December 31, 2020: $115,000
Fiscal Year Ended December 31, 2019: $0
Includes fees billed for services related to tax reported information provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(e) (1) Pre-Approval Policies. The policy of the Registrant’s Audit Committee is to consider, and, if appropriate, approve before the principal accountant is engaged for such services, all specific audit and non-audit services provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant. In making a determination, the Audit Committee considers whether the services are consistent with maintaining the principal accountant’s independence.
In the event of a contingency situation in which the principal accountant is needed to provide services in between scheduled Audit Committee meetings, the Chairman of the Audit Committee would be called on to consider and, if appropriate, pre-approve audit or permitted non-audit services in an amount sufficient to complete services through the next Audit Committee meeting, and to determine if such services would be consistent with maintaining the accountant’s independence. At the next scheduled Audit Committee meeting, services and fees would be presented to the Audit Committee for formal consideration, and, if appropriate, approval by the entire Audit Committee. The Audit Committee would again consider whether such services and fees are consistent with maintaining the principal accountant’s independence.
The Registrant’s Audit Committee is informed at least annually of all audit and non-audit services provided by the principal accountant to the Vanguard complex, whether such services are provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., or other entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant.
(2) No percentage of the principal accountant’s fees or services were approved pursuant to the waiver provision of paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
(f) For the most recent fiscal year, over 50% of the hours worked under the principal accountant’s engagement were not performed by persons other than full-time, permanent employees of the principal accountant.
(g) Aggregate Non-Audit Fees.
Fiscal Year Ended December 31, 2020: $362,168
Fiscal Year Ended December 31, 2019: $357,238
Includes fees billed for non-audit services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(h) For the most recent fiscal year, the Audit Committee has determined that the provision of all non-audit services was consistent with maintaining the principal accountant’s independence.
Item 5: Audit Committee of Listed Registrants.
The Registrant is a listed issuer as defined in rule 10A-3 under the Securities Exchange Act of 1934 (“Exchange Act”). The Registrant has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act. The Registrant’s audit committee members are: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.
Item 6: Investments.
Not Applicable
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. In 2020, a third-party service provider began performing certain administrative and accounting services for Vanguard Institutional Index Fund and Vanguard Institutional Total Stock Market Index Fund. There were no other significant changes in the Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Disclosure of Securities Lending Activities for
Closed-End Management
Investment Companies.
Not applicable.
Item 13: Exhibits.
(a) | Code of Ethics. |
(b) | Certifications. |
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.
VANGUARD INSTITUTIONAL INDEX FUNDS
BY: /s/ MORTIMER J. BUCKLEY*
___________________________
MORTIMER J. BUCKLEY
CHIEF EXECUTIVE OFFICER
Date: February 19, 2021
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.
VANGUARD INSTITUTIONAL INDEX FUNDS
BY: /s/ MORTIMER J. BUCKLEY*
___________________________
MORTIMER J. BUCKLEY
CHIEF EXECUTIVE OFFICER
Date: February 19, 2021
VANGUARD INSTITUTIONAL INDEX FUNDS
BY: /s/ JOHN BENDL*
___________________________
JOHN BENDL
CHIEF FINANCIAL OFFICER
Date: February 19, 2021
* By: /s/ Anne E. Robinson
Anne E. Robinson, pursuant to a Power of Attorney filed on December 18, 2020 (see File Number 33-64845), Incorporated by Reference
Exhibit 99.CODE ETH
the vanguard FUNDS’
CODE OF Ethics fOR
SENIOR executive and FINANCIAL OFFICERS
I. | Introduction |
The Board of Trustees (the “Fund Board”) of each registered investment company that is managed, sponsored, and distributed by The Vanguard Group, Inc. (“VGI”) or its subsidiaries (each, a “Vanguard Fund” and collectively, the “Vanguard Funds”) has adopted this code of ethics (the “Code”) as required by Section 406 of the Sarbanes-Oxley Act. The Code applies to the individuals in positions listed on Exhibit A (the “Covered Officers”). All Covered Officers, along with employees of VGI, are subject to separate and distinct obligations from this Code under a Code of Ethics adopted pursuant to Rule 17j-1 under the Investment Company Act of 1940 (“17j-1 Code of Ethics”), policies to prevent the misuse of non-public information, and other internal compliance guidelines and policies that may be in effect from time to time.
This Code is designed to promote:
● | Honest and ethical conduct, including the ethical handling of conflicts of interest; |
● | Full, fair, accurate, timely, and understandable disclosure in reports and documents that a Vanguard Fund files with, or submits to, the U.S. Securities and Exchange Commission (“SEC”), and in other public communications made by the Vanguard Funds or VGI; |
● | Compliance with applicable laws, governmental rules, and regulations; |
● | Prompt internal reporting to those identified in the Code of violations of the Code; and |
● | Accountability for adherence to the Code. |
II. | Actual or Apparent Conflicts of Interest |
A. Covered Officers should conduct all activities in accordance with the following principles:
1. | Clients’ interests come first. In the course of fulfilling their duties and responsibilities to VGI clients, Covered Officers must at all times place the interests of VGI clients first. In particular, Covered Officers must avoid serving their own personal interests ahead of the interests of VGI clients. |
2. | Conflicts of interest must be avoided. Covered Officers must avoid any situation involving an actual or potential conflict of interest or possible impropriety with respect to their duties and responsibilities to VGI clients. Covered Officers must disclose and report at least annually any situation that may present the potential for a conflict of interest to Vanguard’s Compliance Department, consistent with the 17j-1 Code of Ethics. |
3. | Compromising situations must be avoided. Covered Officers must not take advantage of their position of trust and responsibility. Covered Officers must avoid any situation that might compromise or call into question their exercise of full independent judgment in the best interests of VGI clients. |
All activities of Covered Officers should be guided by and adhere to these fiduciary standards regardless of whether the activity is specifically described in this Code.
B. Restricted Activities include the following:
1. | Prohibition on secondary employment. Covered Officers are prohibited from accepting or serving in any form of secondary employment. Secondary employment that does not create a potential conflict of interest may be approved by the General Counsel of VGI. |
2. | Prohibition on service as director or public official. Unless approved by the General Counsel of VGI, Covered Officers are prohibited from serving on the board of directors of any publicly traded company or in an official capacity for any federal, state, or local government (or governmental agency or instrumentality). |
3. | Prohibition on misuse of Vanguard time or property. Covered Officers are prohibited from making use of time, equipment, services, personnel or property of any Vanguard entity for any purposes other than the performance of their duties and responsibilities in connection with the Vanguard Funds or other Vanguard-related entities. |
III. | Disclosure and Compliance |
A. | Each Covered Officer should be familiar with the disclosure requirements generally applicable to the Vanguard Funds. |
B. | Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about the Vanguard Funds to others, including to the Vanguard Funds’ directors and auditors, or to government regulators and self-regulatory organizations. |
C. | Each Covered Officer should, to the extent appropriate within the Covered Officer’s area of responsibility, consult with other officers and employees of VGI and advisors to a Vanguard Fund with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Vanguard Fund files with, or submits to, the SEC and in other public communications made by a Vanguard Fund. |
D. | It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules, regulations, and the 17j-1 Code of Ethics. |
IV. | Reporting and Accountability |
A. Each Covered Officer must:
1. | Upon adoption or amendment of the Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing that he or she has received, read, and understands the Code; |
2. | Affirm at least annually in writing that he or she has complied with the requirements of the Code; |
3. | Not retaliate against any other Covered Officer or any employee of VGI for reports of potential violations of the Code that are made in good faith; and |
4. | Notify the General Counsel of VGI promptly if the Covered Officer knows of any violations of this Code. |
B. | The Vanguard Funds will use the following procedures in investigating and enforcing this Code: |
1. | The General Counsel of VGI is responsible for applying this Code to specific situations and has the authority to interpret this Code in any particular situation. The General Counsel will report on an as-needed basis to the Fund Board regarding activities subject to the Code. |
2. | The General Counsel will take all appropriate action to investigate any potential violations of the Code that are reported to him or her. |
3. | If, after investigation, the General Counsel believes that no material violation of the Code has occurred, the General Counsel is not required to take any further action. |
4. | Any matter that the General Counsel believes is a material violation of the Code will be reported to the Chief Compliance Officer and the Fund Board. |
5. | If the Fund Board concurs that a material violation of the Code has occurred, the Fund Board will consider appropriate action. Appropriate action may include reassignment, suspension, or dismissal of the applicable Covered Officer(s), or any other sanctions the Fund Board deems appropriate. Appropriate action may also include review of, and appropriate modifications to, applicable policies and procedures. |
6. | Any changes to or waiver of this Code will, to the extent required, be disclosed as provided by SEC rules. |
Other Policies and Procedures
This Code shall be the sole code of conduct adopted by the Vanguard Funds for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Vanguard Funds, VGI, or other service providers govern or purport to govern the behavior or activities of the Covered Officers, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this Code.
VGI’s and the Vanguard Funds’ 17j-1 Code of Ethics, policies to prevent the misuse of non-public information, and other internal compliance guidelines and policies that may be in effect from time to time are separate requirements applying to the Covered Officers and others, and are not part of this Code.
VI. | Amendments |
This Code may not be materially amended except by the approval of a majority vote of the independent trustees of the Fund Board. Non-material, technical, and administrative revisions of the Code do not have to be approved by the Fund Board. Amendments must be in writing and communicated promptly to the Covered Officers, who shall affirm receipt of the amended Code in accordance with Section IV. A. 1.
VII. | Confidentiality |
All reports and records prepared or maintained pursuant to this Code shall be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Fund Board, VGI’s General Counsel and the Chief Compliance Officer of VGI and the Vanguard Funds.
Last Reviewed: November 20, 2020
EXHIBIT A
to the vanguard FUNDS’
CODE OF Ethics fOR
SENIOR executive and FINANCIAL OFFICERS
Covered Officers (some offices may be held by the same individual):
Chief Executive Officer of the Vanguard Funds
President of the Vanguard Funds
Chief Financial Officer of the Vanguard Funds
Finance Director of the Vanguard Funds
Treasurer of the Vanguard Funds
Assistant Treasurer of the Vanguard Funds
Controller of the Vanguard Funds
Chief Executive Officer of The Vanguard Group, Inc.
President of The Vanguard Group, Inc.
Managing Director, Finance of The Vanguard Group, Inc.
Chief Financial Officer of The Vanguard Group, Inc.
Chief Accounting Officer of The Vanguard Group, Inc.
Treasurer of The Vanguard Group, Inc.
Controller of The Vanguard Group, Inc.
Exhibit 99.CERT
CERTIFICATIONS
I, Mortimer J. Buckley, certify that:
1. I have reviewed this report on Form N-CSR of Vanguard Institutional Index Funds;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: February 19, 2021
/s/ Mortimer J. Buckley | |
Mortimer J. Buckley |
Chief Executive Officer |
CERTIFICATIONS
I, John Bendl, certify that:
1. I have reviewed this report on Form N-CSR of Vanguard Institutional Index Funds;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
Date: February 19, 2021
/s/ John Bendl |
John Bendl |
Chief Financial Officer |
Exhibit 99.906CERT
Certification Pursuant to 18 U.S.C. Section 1350,
As Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
Name of Issuer: Vanguard Institutional Index Funds
In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to his knowledge, that:
1. | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the issuer. |
Date: February 19, 2021
/s/ Mortimer J. Buckley |
Mortimer J. Buckley |
Chief Executive Officer |
Certification Pursuant to 18 U.S.C. Section 1350,
As Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
Name of Issuer: Vanguard Institutional Index Funds
In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to his knowledge, that:
1. | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the issuer. |
Date: February 19, 2021
/s/ John Bendl | |
John Bendl |
Chief Financial Officer |
ZNXU!#@!P 90]01*1^,.YH'O>^MK7E=7%
M%HQFHH)R,F -D&CJ?0=,8/22YT V L /DA"# =P3-:>Y:!G(6^ *6QB_X;'H
M!#IPA X0X0@3Z&H, %""''2 9+M !36( A!"/C",(XQ-?.K$M:H@&\,T.>&
M8$L #(1X: ;YR ]4D$LPE &QC.H$U5 KXR8[69@T-LE%)T#B(U0A!U/CG\7L
M$*5+'+ ,'=JG?/#Y@QSP
_!/6NFU7X@>'-'\/VFM7%Z6M;P9MA&I+R^N%]N^<8KQR>")?V< M;:01)O;42Y;').]ES]<#%9^N:)'-\%O"VMF[6-[>2XMA"X)\S?-(PVX'!&TG MG QWX (!Z6/CKX<,RPC2M=\U\;4^SQY.>1@>9WK1T7XN:'KGB&VT2'3]6M[R M=BJ_:840*0I;G#DC@>E>?6VCZ[\1_&^EZU=PV.DP6R0C]U<(794.[*J#NR2> M,@ #'7%5]3O[;1OVBGO=0D^SVR72EI'& H:$ $^W(YH ]4A^)>C3>-!X5%K? MKJ'FM$6:-/+# $]=^>@].]5_$/Q9\/\ AO6+C3+FVU&>6V*K-);0JR(2 <$E MAZBO)M-U:UN_CRVJ6;&YMC=321F,2Q[G(Z_A0![/!X^T.[\)W'B2TDFN+&VXF5$ DC/&05)'J# M_*L/2?C+X:UG4K.PMK?4EN+N<0(LD2 *3C#$ASQS[GCI7E?@B\@3X8>-[1[B M-9FBC=(F8!F'.2!W[5T7PGTXW?PS\5-:6Z-J,@EBA<*"^[R?E /7J>/ X!%<1\%-'M]<;7;2Y>5$"P.#$ M0#D%_4'UJ/X1ZAI-KI?BG3[^2"*]NK7;$L^!YH"N"@SU.2.._P"%:G[/?_'_ M *]_URA_F] 'J7_"#:1_>NO^_O\ ]:BNEHH$(0&!! (/!![UGZ?H.DZ2]TVG MZ=;VOVH@SB*,*'(SU X[G\Z** ,ZV\!^%;34?M]OH5G'<89 0 M2.G>J $GT_0K?P^I\&N5FNBL;3'=O\ G"LQPA &1TY)YZT44 <)XJ3P MYKNJZ=%\/-(OUNAN\X1J_)R-I ))!'.3P.GX>^'P;I>M:9IC^)=-MKW4X+6- M)IG'S,X4;N1U& :70+7>YR=A M9!GZ*0!6KH?AG1_#< CV0M4F(9U5V()'?!)YHHH JS>!_#-QJ[:K)HUL;Y MR2TH!&20020#C/)YQGO4FB>#M \-W$D^D:
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