|
Shares
|
Description
|
Value (†)
|
|
Common Stocks— 99.0% of Net Assets
|
||
|
|
Aerospace & Defense — 3.9%
|
|
|
413,444
|
AAR Corp.(a)
|
$25,798,906
|
|
408,187
|
Hexcel Corp.
|
30,103,791
|
|
1,651,785
|
Kratos Defense & Security Solutions, Inc.(a)
|
33,514,718
|
|
|
|
89,417,415
|
|
|
Automobile Components — 3.2%
|
|
|
171,496
|
Dorman Products, Inc.(a)
|
14,304,481
|
|
361,346
|
Gentherm, Inc.(a)
|
18,920,077
|
|
203,899
|
Modine Manufacturing Co.(a)
|
12,172,770
|
|
269,384
|
Patrick Industries, Inc.
|
27,032,685
|
|
|
|
72,430,013
|
|
|
Banks — 1.2%
|
|
|
703,137
|
Bancorp, Inc.(a)
|
27,112,963
|
|
|
Beverages — 0.8%
|
|
|
708,256
|
Vita Coco Co., Inc.(a)
|
18,166,766
|
|
|
Biotechnology — 4.7%
|
|
|
635,605
|
Inhibrx, Inc.(a)
|
24,152,990
|
|
890,841
|
Insmed, Inc.(a)
|
27,607,163
|
|
670,401
|
Vericel Corp.(a)
|
23,872,980
|
|
580,447
|
Xencor, Inc.(a)
|
12,322,890
|
|
416,025
|
Xenon Pharmaceuticals, Inc.(a)
|
19,162,111
|
|
|
|
107,118,134
|
|
|
Building Products — 1.5%
|
|
|
912,732
|
AZEK Co., Inc.(a)
|
34,911,999
|
|
|
Capital Markets — 3.5%
|
|
|
308,246
|
Hamilton Lane, Inc., Class A
|
34,967,426
|
|
65,048
|
Piper Sandler Cos.
|
11,374,944
|
|
317,755
|
PJT Partners, Inc., Class A
|
32,369,702
|
|
|
|
78,712,072
|
|
|
Commercial Services & Supplies — 2.6%
|
|
|
1,438,308
|
ACV Auctions, Inc., Class A(a)
|
21,790,366
|
|
439,350
|
Casella Waste Systems, Inc., Class A(a)
|
37,546,851
|
|
|
|
59,337,217
|
|
|
Communications Equipment — 0.9%
|
|
|
449,770
|
Calix, Inc.(a)
|
19,650,451
|
|
|
Construction & Engineering — 3.3%
|
|
|
322,630
|
Arcosa, Inc.
|
26,662,143
|
|
332,367
|
Construction Partners, Inc., Class A(a)
|
14,464,612
|
|
136,679
|
Sterling Infrastructure, Inc.(a)
|
12,018,185
|
|
481,412
|
WillScot Mobile Mini Holdings Corp.(a)
|
21,422,834
|
|
|
|
74,567,774
|
|
|
Diversified Consumer Services — 0.9%
|
|
|
151,230
|
Grand Canyon Education, Inc.(a)
|
19,968,409
|
|
|
Electronic Equipment, Instruments & Components — 3.5%
|
|
|
250,839
|
Advanced Energy Industries, Inc.
|
27,321,384
|
|
305,376
|
Itron, Inc.(a)
|
23,058,941
|
|
167,863
|
Novanta, Inc.(a)
|
28,269,808
|
|
|
|
78,650,133
|
|
|
Energy Equipment & Services — 5.0%
|
|
|
626,906
|
Cactus, Inc., Class A
|
28,461,532
|
|
469,786
|
Noble Corp. PLC
|
22,624,894
|
|
863,064
|
Oceaneering International, Inc.(a)
|
18,366,002
|
|
451,682
|
Weatherford International PLC(a)
|
44,188,050
|
|
|
|
113,640,478
|
|
|
Financial Services — 1.5%
|
|
|
826,697
|
EVERTEC, Inc.
|
33,844,975
|
|
Shares
|
Description
|
Value (†)
|
|
|
Food Products — 1.7%
|
|
|
676,214
|
Simply Good Foods Co.(a)
|
$26,778,075
|
|
511,808
|
Sovos Brands, Inc.(a)
|
11,275,130
|
|
|
|
38,053,205
|
|
|
Ground Transportation — 0.8%
|
|
|
893,518
|
Marten Transport Ltd.
|
18,746,008
|
|
|
Health Care Equipment & Supplies — 7.4%
|
|
|
489,920
|
AtriCure, Inc.(a)
|
17,485,245
|
|
478,735
|
Axonics, Inc.(a)
|
29,791,679
|
|
246,441
|
CONMED Corp.
|
26,987,754
|
|
255,865
|
Glaukos Corp.(a)
|
20,338,709
|
|
338,977
|
LivaNova PLC(a)
|
17,538,670
|
|
452,064
|
Merit Medical Systems, Inc.(a)
|
34,338,781
|
|
487,912
|
PROCEPT BioRobotics Corp.(a)
|
20,448,392
|
|
|
|
166,929,230
|
|
|
Health Care Providers & Services — 6.2%
|
|
|
275,120
|
Acadia Healthcare Co., Inc.(a)
|
21,393,331
|
|
238,726
|
Ensign Group, Inc.
|
26,787,445
|
|
283,884
|
HealthEquity, Inc.(a)
|
18,821,509
|
|
1,043,215
|
Option Care Health, Inc.(a)
|
35,145,913
|
|
642,895
|
Progyny, Inc.(a)
|
23,902,836
|
|
414,709
|
RadNet, Inc.(a)
|
14,419,432
|
|
|
|
140,470,466
|
|
|
Health Care Technology — 1.1%
|
|
|
771,846
|
Evolent Health, Inc., Class A(a)
|
25,494,073
|
|
|
Hotels, Restaurants & Leisure — 3.3%
|
|
|
1,356,958
|
Life Time Group Holdings, Inc.(a)
|
20,462,927
|
|
250,265
|
Papa John's International, Inc.
|
19,077,701
|
|
286,591
|
Texas Roadhouse, Inc.
|
35,030,018
|
|
|
|
74,570,646
|
|
|
Household Durables — 1.6%
|
|
|
204,476
|
Installed Building Products, Inc.
|
37,382,302
|
|
|
Insurance — 2.9%
|
|
|
899,827
|
BRP Group, Inc., Class A(a)
|
21,613,844
|
|
352,345
|
Goosehead Insurance, Inc., Class A(a)
|
26,707,751
|
|
49,881
|
Kinsale Capital Group, Inc.
|
16,705,646
|
|
|
|
65,027,241
|
|
|
Leisure Products — 0.8%
|
|
|
314,504
|
Malibu Boats, Inc., Class A(a)
|
17,241,109
|
|
|
Life Sciences Tools & Services — 1.3%
|
|
|
96,228
|
Medpace Holdings, Inc.(a)
|
29,496,769
|
|
|
Machinery — 4.0%
|
|
|
324,637
|
Albany International Corp., Class A
|
31,885,846
|
|
241,752
|
ESCO Technologies, Inc.
|
28,292,237
|
|
107,672
|
RBC Bearings, Inc.(a)
|
30,674,676
|
|
|
|
90,852,759
|
|
|
Metals & Mining — 1.0%
|
|
|
513,401
|
ATI, Inc.(a)
|
23,344,343
|
|
|
Oil, Gas & Consumable Fuels — 0.9%
|
|
|
919,902
|
Magnolia Oil & Gas Corp., Class A
|
19,584,714
|
|
|
Personal Care Products — 3.5%
|
|
|
585,121
|
BellRing Brands, Inc.(a)
|
32,433,257
|
|
149,796
|
elf Beauty, Inc.(a)
|
21,621,554
|
|
183,365
|
Inter Parfums, Inc.
|
26,406,394
|
|
|
|
80,461,205
|
|
|
Pharmaceuticals — 0.9%
|
|
|
738,942
|
Supernus Pharmaceuticals, Inc.(a)
|
21,384,981
|
|
|
Professional Services — 3.8%
|
|
|
99,946
|
FTI Consulting, Inc.(a)
|
19,904,246
|
|
209,924
|
Huron Consulting Group, Inc.(a)
|
21,580,187
|
|
Shares
|
Description
|
Value (†)
|
|
|
Professional Services — continued
|
|
|
158,017
|
ICF International, Inc.
|
$21,188,499
|
|
408,477
|
KBR, Inc.
|
22,633,711
|
|
|
|
85,306,643
|
|
|
Semiconductors & Semiconductor Equipment — 6.4%
|
|
|
490,684
|
MACOM Technology Solutions Holdings, Inc.(a)
|
45,609,078
|
|
208,398
|
Onto Innovation, Inc.(a)
|
31,864,054
|
|
627,575
|
Rambus, Inc.(a)
|
42,831,994
|
|
195,777
|
Silicon Laboratories, Inc.(a)
|
25,895,424
|
|
|
|
146,200,550
|
|
|
Software — 7.3%
|
|
|
175,252
|
Agilysys, Inc.(a)
|
14,864,875
|
|
937,374
|
Clearwater Analytics Holdings, Inc., Class A(a)
|
18,775,601
|
|
588,822
|
Intapp, Inc.(a)
|
22,387,012
|
|
553,394
|
Tenable Holdings, Inc.(a)
|
25,489,328
|
|
810,829
|
Varonis Systems, Inc.(a)
|
36,714,337
|
|
812,853
|
Vertex, Inc., Class A(a)
|
21,898,260
|
|
246,759
|
Workiva, Inc.(a)
|
25,053,441
|
|
|
|
165,182,854
|
|
|
Specialty Retail — 0.9%
|
|
|
256,766
|
Boot Barn Holdings, Inc.(a)
|
19,709,358
|
|
|
Technology Hardware, Storage & Peripherals — 1.3%
|
|
|
857,765
|
Pure Storage, Inc., Class A(a)
|
30,587,900
|
|
|
Textiles, Apparel & Luxury Goods — 1.6%
|
|
|
209,638
|
Columbia Sportswear Co.
|
16,674,607
|
|
200,561
|
Oxford Industries, Inc.
|
20,056,100
|
|
|
|
36,730,707
|
|
Shares
|
Description
|
Value (†)
|
|
|
Trading Companies & Distributors — 3.8%
|
|
|
198,358
|
Applied Industrial Technologies, Inc.
|
$34,254,443
|
|
211,274
|
McGrath RentCorp
|
25,272,596
|
|
163,561
|
SiteOne Landscape Supply, Inc.(a)
|
26,578,662
|
|
|
|
86,105,701
|
|
|
Total Common Stocks
(Identified Cost $1,796,269,056)
|
2,246,391,563
|
|
Principal
Amount
|
|
|
|
Short-Term Investments — 1.0%
|
||
|
$22,999,093
|
Tri-Party Repurchase Agreement with Fixed
Income Clearing Corporation, dated 12/29/2023 at
2.500% to be repurchased at $23,005,481 on
1/02/2024 collateralized by $26,074,400
U.S. Treasury Note, 0.625% due 3/31/2027 valued
at $23,459,162 including accrued interest(b)
(Identified Cost $22,999,093)
|
22,999,093
|
|
|
Total Investments — 100.0%
(Identified Cost $1,819,268,149)
|
2,269,390,656
|
|
|
Other assets less liabilities — 0.0%
|
790,664
|
|
|
Net Assets — 100.0%
|
$2,270,181,320
|
|
(†)
|
Registered investment companies are required to value portfolio investments using an unadjusted, readily available market
quotation. The Fund obtains
readily available market quotations from independent pricing services. Fund investments for which readily available market
quotations are not available
are priced at fair value pursuant to the Fund's Valuation Procedures. The Board of Trustees has approved a valuation designee
who is subject to the
Board's oversight.
Unadjusted readily available market quotations that are utilized for exchange traded equity securities (including shares of
closed-end investment
companies and exchange-traded funds) include the last sale price quoted on the exchange where the security is traded most
extensively. Shares of
open-end investment companies are valued at net asset value ("NAV") per share.
Exchange traded equity securities for which there is no reported sale during the day are fair valued at the closing bid quotation
as reported by an
independent pricing service. Unlisted equity securities (except unlisted preferred equity securities) are fair valued at the
last sale price quoted in the
market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as
reported by an independent
pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be fair
valued using evaluated bids furnished
by an independent pricing service, if available.
Debt securities and unlisted preferred equity securities are fair valued based on evaluated bids furnished to the Fund by
an independent pricing service
or bid prices obtained from broker-dealers. Broker-dealer bid prices may be used to fair value debt and unlisted equities
where an independent pricing
service is unable to price an investment or where an independent pricing service does not provide a reliable price for the
investment.
The Fund may also fair value investments in other circumstances such as when extraordinary events occur after the close of
a foreign market, but prior
to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration
of bankruptcy or a delisting of
the issuer's security from the primary market on which it has traded) as well as events affecting the securities markets in
general (such as market
disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing a Fund's investments,
the valuation designee may,
among other things, use modeling tools or other processes that may take into account factors such as issuer specific information,
or other related
market activity and/or information that occurred after the close of the foreign market but before the time the Fund's NAV
is calculated. Fair valuation by
the Fund's valuation designee may require subjective determinations about the value of the investment, and fair values used
to determine a Fund's NAV
may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition,
the use of fair value pricing may
not always result in adjustments to the prices of investments held by a Fund.
The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and
liabilities denominated in
currencies other than U.S. dollars, if any, are translated into U.S. dollars based upon foreign exchange rates prevailing
at the end of the period.
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires
securities as
collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund's policy
that the market value of the
collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase
agreements are tri-party
arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty.
Repurchase
agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays
or restrictions upon the Fund's
ability to dispose of the underlying securities. As of December 31, 2023, the Fund had an investment in a repurchase agreement
for which the value of the
related collateral exceeded the value of the repurchase agreement.
|
|
Asset Valuation Inputs
|
||||
|
Description
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Common Stocks(a)
|
$2,246,391,563
|
$—
|
$—
|
$2,246,391,563
|
|
Short-Term Investments
|
—
|
22,999,093
|
—
|
22,999,093
|
|
Total Investments
|
$2,246,391,563
|
$22,999,093
|
$—
|
$2,269,390,656
|
|
(a)
|
Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.
|
|
Industry Summary at December 31, 2023 (Unaudited)
|
|
|
Health Care Equipment & Supplies
|
7.4%
|
|
Software
|
7.3
|
|
Semiconductors & Semiconductor Equipment
|
6.4
|
|
Health Care Providers & Services
|
6.2
|
|
Energy Equipment & Services
|
5.0
|
|
Biotechnology
|
4.7
|
|
Machinery
|
4.0
|
|
Aerospace & Defense
|
3.9
|
|
Trading Companies & Distributors
|
3.8
|
|
Professional Services
|
3.8
|
|
Personal Care Products
|
3.5
|
|
Capital Markets
|
3.5
|
|
Electronic Equipment, Instruments & Components
|
3.5
|
|
Hotels, Restaurants & Leisure
|
3.3
|
|
Construction & Engineering
|
3.3
|
|
Automobile Components
|
3.2
|
|
Insurance
|
2.9
|
|
Commercial Services & Supplies
|
2.6
|
|
Other Investments, less than 2% each
|
20.7
|
|
Short-Term Investments
|
1.0
|
|
Total Investments
|
100.0
|
|
Other assets less liabilities
|
0.0*
|
|
Net Assets
|
100.0%
|
|
*
|
Less than 0.1%
|