Vanguard® Russell 3000 Index Fund
Schedule of Investments (unaudited)
As of May 31, 2025
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Shares Market
Value
($000)
Common Stocks (99.7%)
Basic Materials (1.5%)
  Linde plc    37,457    17,514
  Ecolab Inc.    19,380     5,148
  Air Products & Chemicals Inc.    17,264     4,815
  Newmont Corp. (XNYS)    88,614     4,672
  Freeport-McMoRan Inc.   110,696     4,260
  Fastenal Co.    89,139     3,685
  Nucor Corp.    18,329     2,004
  International Paper Co.    41,037     1,962
  International Flavors & Fragrances Inc.    20,099     1,539
  Steel Dynamics Inc.    11,193     1,377
  CF Industries Holdings Inc.    13,310     1,207
  Reliance Inc.     4,119     1,206
  LyondellBasell Industries NV Class A    20,118     1,136
  Avery Dennison Corp.     6,291     1,118
  United States Steel Corp.    17,184       925
  Royal Gold Inc.     5,119       912
  Mosaic Co.    24,864       899
  Carpenter Technology Corp.     3,663       861
* RBC Bearings Inc.     2,231       816
  Mueller Industries Inc.     8,603       670
  Eastman Chemical Co.     8,497       666
  Southern Copper Corp.     6,905       628
  Albemarle Corp.     9,218       514
  Alcoa Corp.    19,010       509
  UFP Industries Inc.     4,660       455
  Celanese Corp.     8,497       449
  Balchem Corp.     2,569       428
  Commercial Metals Co.     9,024       420
* Coeur Mining Inc.    48,340       391
  FMC Corp.     9,509       386
  Element Solutions Inc.    17,155       367
  Timken Co.     5,206       356
  Hexcel Corp.     6,435       340
  NewMarket Corp.       509       328
  Sensient Technologies Corp.     3,416       323
  Cabot Corp.     4,271       319
  Avient Corp.     6,891       249
  Hecla Mining Co.    47,006       242
* MP Materials Corp.    10,454       228
* Cleveland-Cliffs Inc.    38,177       222
  Hawkins Inc.     1,547       206
  Scotts Miracle-Gro Co.     3,436       205
* Uranium Energy Corp.    34,636       205
  Westlake Corp.     2,736       194
* SSR Mining Inc. (XTSE)    16,261       192
  Olin Corp.     9,286       180
  Innospec Inc.     2,003       170
  Ashland Inc.     3,408       169
  Sylvamo Corp.     2,813       149
  Huntsman Corp.    13,244       147
  Minerals Technologies Inc.     2,565       146
* Perimeter Solutions Inc.    10,738       130
* Constellium SE    10,633       129
  Materion Corp.     1,647       127
* Ingevity Corp.     2,951       122
  Quaker Chemical Corp.     1,115       121
  Chemours Co.    11,855       120
  Kaiser Aluminum Corp.     1,276        93
  Stepan Co.     1,712        93
*,1 Energy Fuels Inc.    15,477        76

    Shares Market
Value
($000)
* Ecovyst Inc.     9,784        73
* Novagold Resources Inc.    20,166        72
  Radius Recycling Inc.     2,345        69
  Worthington Steel Inc.     2,633        65
* Century Aluminum Co.     3,994        62
* MAC Copper Ltd.     4,703        57
  Tronox Holdings plc     9,609        55
* Ivanhoe Electric Inc.     7,302        54
  Orion SA     4,646        51
  Koppers Holdings Inc.     1,614        50
  Ryerson Holding Corp.     2,409        50
* Compass Minerals International Inc.     2,568        49
  AdvanSix Inc.     1,965        46
* Perpetua Resources Corp.     3,304        46
* Metallus Inc.     3,091        39
* LSB Industries Inc.     4,846        37
* Clearwater Paper Corp.     1,208        35
* Intrepid Potash Inc.       869        33
* Northwest Pipe Co.       774        30
  Olympic Steel Inc.       906        27
* Encore Energy Corp.    13,001        26
* Ur-Energy Inc.    27,843        23
  Mativ Holdings Inc.     3,867        22
* ASP Isotopes Inc.     2,893        22
* GrafTech International Ltd.    20,872        21
* Dakota Gold Corp.     6,269        19
* Rayonier Advanced Materials Inc.     4,611        18
* Tredegar Corp.     2,137        18
  Caledonia Mining Corp. plc     1,021        17
* Contango ORE Inc.       589        11
* i-80 Gold Corp.    21,143        11
  American Vanguard Corp.     1,972        10
* Lifezone Metals Ltd.     2,597        10
  FutureFuel Corp.     1,670         7
* NN Inc.     3,340         7
* Piedmont Lithium Inc.     1,095         7
* LanzaTech Global Inc.     8,066         2
               68,771
Consumer Discretionary (15.0%)
* Amazon.com Inc.   730,430   149,745
* Tesla Inc.   216,214    74,909
* Netflix Inc.    33,278    40,174
  Costco Wholesale Corp.    34,508    35,895
  Walmart Inc.   337,738    33,341
  Home Depot Inc.    77,217    28,438
  McDonald's Corp.    56,073    17,599
  Walt Disney Co.   141,465    15,991
  Booking Holdings Inc.     2,577    14,222
* Uber Technologies Inc.   157,937    13,292
  TJX Cos. Inc.    88,239    11,198
  Lowe's Cos. Inc.    43,926     9,915
* Spotify Technology SA    11,397     7,581
  Starbucks Corp.    88,075     7,394
* O'Reilly Automotive Inc.     4,500     6,154
  NIKE Inc. Class B    91,828     5,564
* Chipotle Mexican Grill Inc.   106,140     5,315
* AutoZone Inc.     1,316     4,913
  Royal Caribbean Cruises Ltd.    18,326     4,709
  Marriott International Inc. Class A    17,576     4,637
  Hilton Worldwide Holdings Inc.    18,516     4,600
* Airbnb Inc. Class A    33,126     4,273
  General Motors Co.    76,642     3,802
* Roblox Corp. Class A    41,061     3,571
  Ross Stores Inc.    25,179     3,527
* Copart Inc.    67,975     3,499
  Target Corp.    35,742     3,360
  Yum! Brands Inc.    21,936     3,157
  Ford Motor Co.   303,514     3,150
* Take-Two Interactive Software Inc.    13,772     3,116

    Shares Market
Value
($000)
  Electronic Arts Inc.    20,442     2,939
* Lululemon Athletica Inc.     8,989     2,847
* Carvana Co.     8,458     2,767
  eBay Inc.    36,942     2,703
  DR Horton Inc.    22,147     2,615
* Trade Desk Inc. Class A    34,365     2,585
* Coupang Inc.    90,665     2,543
  Garmin Ltd.    12,023     2,440
  Delta Air Lines Inc.    49,280     2,385
* United Airlines Holdings Inc.    25,625     2,036
  Tractor Supply Co.    41,008     1,985
  Lennar Corp. Class A    18,624     1,976
  Darden Restaurants Inc.     9,146     1,959
* Warner Bros Discovery Inc.   191,114     1,905
* Carnival Corp.    80,172     1,862
* Live Nation Entertainment Inc.    12,352     1,695
* Ulta Beauty Inc.     3,552     1,675
  Dollar General Corp.    16,823     1,636
  Expedia Group Inc.     9,479     1,581
  PulteGroup Inc.    15,905     1,559
  Southwest Airlines Co.    46,331     1,547
  Williams-Sonoma Inc.     9,546     1,544
* Duolingo Inc.     2,907     1,511
* Liberty Media Corp.-Liberty Formula One Class C    15,531     1,499
  RB Global Inc. (XTSE)    14,063     1,481
* NVR Inc.       205     1,459
* Dollar Tree Inc.    15,908     1,436
  Tapestry Inc.    17,545     1,378
  Genuine Parts Co.    10,513     1,330
  Domino's Pizza Inc.     2,733     1,295
* DraftKings Inc. Class A    35,623     1,278
* Deckers Outdoor Corp.    11,861     1,252
  Rollins Inc.    21,665     1,240
* Aptiv plc    18,426     1,231
  Estee Lauder Cos. Inc. Class A    18,149     1,215
* BJ's Wholesale Club Holdings Inc.    10,320     1,168
* Burlington Stores Inc.     4,989     1,139
  Las Vegas Sands Corp.    27,104     1,116
  Best Buy Co. Inc.    16,573     1,098
  Omnicom Group Inc.    14,771     1,085
  Fox Corp. Class A    19,663     1,080
  Texas Roadhouse Inc.     5,214     1,018
  TKO Group Holdings Inc.     6,190       977
* Rivian Automotive Inc. Class A    65,462       951
  Somnigroup International Inc.    14,244       927
  News Corp. Class A    32,494       918
* GameStop Corp. Class A    30,773       917
  Pool Corp.     2,922       878
  Service Corp. International    11,069       863
  Ralph Lauren Corp.     3,112       861
  Aramark    20,413       827
  Toll Brothers Inc.     7,816       815
  LKQ Corp.    20,027       810
* CarMax Inc.    12,198       786
  Dick's Sporting Goods Inc.     4,336       778
  Wingstop Inc.     2,275       777
  Hasbro Inc.    10,796       720
  Wynn Resorts Ltd.     7,907       716
  New York Times Co. Class A    12,498       714
  Interpublic Group of Cos. Inc.    29,070       697
* Planet Fitness Inc. Class A     6,565       675
  Lithia Motors Inc.     2,019       640
* Skechers USA Inc. Class A    10,225       634
* Dutch Bros Inc. Class A     8,666       626
* Light & Wonder Inc.     6,864       619
  H&R Block Inc.    10,776       614
  Murphy USA Inc.     1,425       608
* Norwegian Cruise Line Holdings Ltd.    34,191       603
* Floor & Decor Holdings Inc. Class A     8,241       591
* American Airlines Group Inc.    51,711       590

    Shares Market
Value
($000)
* Bright Horizons Family Solutions Inc.     4,541       587
* Brinker International Inc.     3,352       579
* MGM Resorts International    17,752       562
* Ollie's Bargain Outlet Holdings Inc.     4,693       523
  Churchill Downs Inc.     5,463       522
* Mattel Inc.    26,910       510
* Stride Inc.     3,338       505
* Alaska Air Group Inc.     9,741       496
  Paramount Global Class B    40,550       491
  U-Haul Holding Co.     8,581       489
  Wyndham Hotels & Resorts Inc.     5,847       484
* SharkNinja Inc.     5,266       484
* Five Below Inc.     4,131       482
* Etsy Inc.     8,647       479
  Bath & Body Works Inc.    16,983       478
* Cava Group Inc.     5,861       476
  BorgWarner Inc. (XNYS)    14,273       472
* e.l.f. Beauty Inc.     4,155       467
  Vail Resorts Inc.     2,882       462
* Lyft Inc. Class A    30,250       461
* Crocs Inc.     4,509       460
* Caesars Entertainment Inc.    16,337       439
* Taylor Morrison Home Corp.     7,709       434
* Grand Canyon Education Inc.     2,190       433
  Hyatt Hotels Corp. Class A     3,257       430
  Group 1 Automotive Inc.     1,002       425
* SiteOne Landscape Supply Inc.     3,538       413
* Adtalem Global Education Inc.     2,971       392
  Lear Corp.     4,317       390
  Fox Corp. Class B     7,732       389
  Nexstar Media Group Inc.     2,247       383
  Boyd Gaming Corp.     5,097       382
  Gentex Corp.    17,666       381
* Boot Barn Holdings Inc.     2,359       378
* Shake Shack Inc. Class A     2,859       371
  Meritage Homes Corp.     5,777       367
  Gap Inc.    16,362       365
* Valvoline Inc.    10,341       358
  PVH Corp.     4,266       357
  Sirius XM Holdings Inc.    16,370       355
* Asbury Automotive Group Inc.     1,536       350
  VF Corp.    27,187       339
  Whirlpool Corp.     4,258       333
* Urban Outfitters Inc.     4,676       327
* SkyWest Inc.     3,175       322
* AutoNation Inc.     1,737       319
* Frontdoor Inc.     5,758       317
* Abercrombie & Fitch Co. Class A     3,986       313
* Wayfair Inc. Class A     7,569       312
  Thor Industries Inc.     3,820       310
  Kontoor Brands Inc.     4,320       296
* Madison Square Garden Sports Corp.     1,493       283
* Champion Homes Inc.     4,290       281
  Choice Hotels International Inc.     2,211       280
* Cavco Industries Inc.       635       275
  Cinemark Holdings Inc.     8,079       273
* Goodyear Tire & Rubber Co.    22,916       261
* Dorman Products Inc.     1,996       258
  Travel & Leisure Co.     5,272       256
  Six Flags Entertainment Corp.     7,386       248
  Macy's Inc.    20,695       246
  Penske Automotive Group Inc.     1,480       243
* Liberty Media Corp.-Liberty Formula One Class A     2,719       240
* Laureate Education Inc.    10,446       235
  Graham Holdings Co. Class B       244       233
  Advance Auto Parts Inc.     4,829       231
  Harley-Davidson Inc.     9,538       231
* Amer Sports Inc.     6,360       231
* M/I Homes Inc.     2,131       227
  Signet Jewelers Ltd.     3,388       226

    Shares Market
Value
($000)
* Liberty Media Corp.-Liberty Live Class A     3,088       222
* Hilton Grand Vacations Inc.     5,725       219
* Birkenstock Holding plc     4,064       219
  PriceSmart Inc.     2,018       218
* Tri Pointe Homes Inc.     7,394       218
  News Corp. Class B     6,498       213
  Cheesecake Factory Inc.     3,846       212
  Academy Sports & Outdoors Inc.     5,079       208
* RH     1,142       207
  TEGNA Inc.    12,079       202
  Interparfums Inc.     1,463       199
* Peloton Interactive Inc. Class A    27,608       196
* Life Time Group Holdings Inc.     6,803       195
* ACV Auctions Inc. Class A    11,828       194
  KB Home     3,746       193
* YETI Holdings Inc.     6,321       193
* OPENLANE Inc.     8,223       189
  Rush Enterprises Inc. Class A     3,800       189
  Marriott Vacations Worldwide Corp.     2,813       185
  Red Rock Resorts Inc. Class A     3,817       183
* Visteon Corp.     2,161       182
  Perdoceo Education Corp.     5,318       181
* Penn Entertainment Inc.    12,167       180
* Lucid Group Inc.    80,467       179
  Newell Brands Inc.    33,361       177
  Dana Inc.    10,462       174
  LCI Industries     1,985       173
* Avis Budget Group Inc.     1,386       169
  Columbia Sportswear Co.     2,657       169
* Capri Holdings Ltd.     9,099       165
  Polaris Inc.     4,164       163
* Liberty Media Corp.-Liberty Live Class C     2,237       163
  Strategic Education Inc.     1,775       162
* Foot Locker Inc.     6,699       159
  Wendy's Co.    13,828       158
  HNI Corp.     3,366       157
  American Eagle Outfitters Inc.    14,235       156
  Acushnet Holdings Corp.     2,275       155
  OneSpaWorld Holdings Ltd.     8,053       152
* Coty Inc. Class A    30,637       151
  Worthington Enterprises Inc.     2,545       150
  Phinia Inc.     3,436       149
* Green Brick Partners Inc.     2,494       146
* Central Garden & Pet Co.     3,950       142
  La-Z-Boy Inc.     3,387       142
  Steven Madden Ltd.     5,679       140
* Victoria's Secret & Co.     6,307       134
  International Game Technology plc     8,897       131
* Atlanta Braves Holdings Inc. Class A     2,988       130
* JetBlue Airways Corp.    25,050       126
* National Vision Holdings Inc.     6,306       125
  John Wiley & Sons Inc. Class A     3,189       125
  Papa John's International Inc.     2,748       124
* TripAdvisor Inc.     8,709       124
* Hanesbrands Inc.    24,942       123
* United Parks & Resorts Inc.     2,635       118
  Century Communities Inc.     2,248       117
* QuantumScape Corp.    29,258       117
* Madison Square Garden Entertainment Corp.     3,146       117
* Universal Technical Institute Inc.     3,259       116
* Arlo Technologies Inc.     7,883       113
* Lionsgate Studios Corp.    15,346       111
* Knowles Corp.     6,732       110
  Buckle Inc.     2,527       108
  Wolverine World Wide Inc.     6,340       108
* Sweetgreen Inc. Class A     7,835       105
  Cracker Barrel Old Country Store Inc.     1,785       103
  Winmark Corp.       242       103
* Adient plc     6,569       102
  Super Group SGHC Ltd.    11,582       101

    Shares Market
Value
($000)
  Upbound Group Inc.     4,366       100
* Sonos Inc.     9,703       100
* AMC Entertainment Holdings Inc. Class A    27,970       100
  Leggett & Platt Inc.    10,970        99
* IMAX Corp.     3,544        99
* Coursera Inc.    11,158        99
* G-III Apparel Group Ltd.     3,266        95
  Interface Inc.     4,714        95
  MillerKnoll Inc.     5,645        95
  Dillard's Inc. Class A       237        94
  PROG Holdings Inc.     3,256        94
* Under Armour Inc. Class C    14,745        93
* Everi Holdings Inc.     6,433        91
  Monarch Casino & Resort Inc.     1,084        91
* Fox Factory Holding Corp.     3,509        90
  Carter's Inc.     2,850        89
* Sphere Entertainment Co.     2,312        87
  Sonic Automotive Inc. Class A     1,227        86
  Rush Enterprises Inc. Class B     1,628        85
* LGI Homes Inc.     1,686        84
* Driven Brands Holdings Inc.     4,663        83
* Topgolf Callaway Brands Corp.    12,107        77
* Sabre Corp.    30,701        77
  Winnebago Industries Inc.     2,259        77
*,2 XPEL Inc.     2,140        77
* Rush Street Interactive Inc.     6,075        77
  Steelcase Inc. Class A     7,419        76
  Paramount Global Class A     3,351        76
  Camping World Holdings Inc. Class A     4,530        74
* Under Armour Inc. Class A    11,029        74
* BJ's Restaurants Inc.     1,642        73
* Sally Beauty Holdings Inc.     8,258        72
1 Kohl's Corp.     8,698        71
* Gentherm Inc.     2,566        70
* Allegiant Travel Co.     1,249        69
* QuinStreet Inc.     4,343        66
* Revolve Group Inc.     3,206        66
  Oxford Industries Inc.     1,213        65
* Global Business Travel Group I    10,253        64
* Dave & Buster's Entertainment Inc.     2,786        61
* Atlanta Braves Holdings Inc. Class C     1,466        60
* Mister Car Wash Inc.     8,293        59
* Hertz Global Holdings Inc.     8,596        56
  Matthews International Corp. Class A     2,559        55
  Build-A-Bear Workshop Inc.     1,083        55
* Cars.com Inc.     5,289        54
  Standard Motor Products Inc.     1,777        54
* Udemy Inc.     7,127        52
  Bloomin' Brands Inc.     6,515        50
* Daily Journal Corp.       119        50
  Ethan Allen Interiors Inc.     1,895        50
* Helen of Troy Ltd.     1,855        50
  Golden Entertainment Inc.     1,677        48
* Pursuit Attractions & Hospitality Inc.     1,714        48
* Portillo's Inc. Class A     3,985        48
* Lincoln Educational Services Corp.     1,959        47
* RealReal Inc.     8,179        46
* Integral Ad Science Holding Corp.     5,635        46
* Malibu Boats Inc. Class A     1,483        45
* Beazer Homes USA Inc.     2,142        44
* Dream Finders Homes Inc. Class A     2,095        44
* American Axle & Manufacturing Holdings Inc.     9,768        43
* Liquidity Services Inc.     1,853        43
  Sturm Ruger & Co. Inc.     1,188        43
* Accel Entertainment Inc.     3,852        43
* Figs Inc. Class A     9,973        43
* ODP Corp.     2,525        42
* Thryv Holdings Inc.     3,125        42
* ThredUP Inc. Class A     5,564        40
  Sinclair Inc.     2,877        40

    Shares Market
Value
($000)
* Hovnanian Enterprises Inc. Class A       434        39
  Caleres Inc.     2,802        38
* MarineMax Inc.     1,813        38
  Monro Inc.     2,473        38
* PlayAGS Inc.     3,084        38
  Carriage Services Inc.       862        37
* Gannett Co. Inc.    10,453        37
* Stitch Fix Inc. Class A     8,180        36
* Sun Country Airlines Holdings Inc.     3,091        36
* Boston Omaha Corp. Class A     2,360        35
  Scholastic Corp.     2,033        35
  Marcus Corp.     1,834        34
* Kura Sushi USA Inc. Class A       510        34
* First Watch Restaurant Group Inc.     2,157        33
* American Public Education Inc.     1,092        32
* America's Car-Mart Inc.       640        32
* Lindblad Expeditions Holdings Inc.     3,034        32
* Arhaus Inc.     3,606        32
  RCI Hospitality Holdings Inc.       778        31
* Potbelly Corp.     2,793        30
  Smith & Wesson Brands Inc.     3,140        30
* Corsair Gaming Inc.     3,377        30
* Stagwell Inc.     6,626        30
* Clear Channel Outdoor Holdings Inc.    26,649        29
  Haverty Furniture Cos. Inc.     1,399        29
  Jack in the Box Inc.     1,537        29
* GigaCloud Technology Inc. Class A     1,646        29
  Dine Brands Global Inc.     1,160        28
  Arko Corp.     6,589        28
  A-Mark Precious Metals Inc.     1,364        27
  National CineMedia Inc.     5,010        27
* KinderCare Learning Cos. Inc.     2,241        27
* Eastman Kodak Co.     4,548        26
* Petco Health & Wellness Co. Inc.     7,028        26
* Clean Energy Fuels Corp.    13,878        25
  Shoe Carnival Inc.     1,293        25
* Cooper-Standard Holdings Inc.     1,054        24
  Gray Media Inc.     5,995        24
  Playtika Holding Corp.     5,103        24
* Lovesac Co.     1,225        23
* Latham Group Inc.     3,954        22
* Sleep Number Corp.     1,997        21
* Xponential Fitness Inc. Class A     2,362        21
  Krispy Kreme Inc.     7,180        21
* Starz Entertainment Corp.     1,023        21
* Beyond Inc.     3,146        20
* Central Garden & Pet Co. Class A       608        19
* MasterCraft Boat Holdings Inc.     1,121        19
  Weyco Group Inc.       601        19
* Legacy Housing Corp.       798        18
  Cricut Inc. Class A     2,993        18
* El Pollo Loco Holdings Inc.     1,665        17
  Nathan's Famous Inc.       158        17
  JAKKS Pacific Inc.       853        17
* Savers Value Village Inc.     1,713        17
* Citi Trends Inc.       587        16
* Genesco Inc.       731        16
* Turtle Beach Corp.     1,352        16
* Frontier Group Holdings Inc.     3,929        16
  Global Industrial Co.       618        16
* Gambling.com Group Ltd.     1,396        16
* Biglari Holdings Inc. Class B        60        15
  Movado Group Inc.       932        15
* Zumiez Inc.     1,223        15
* AMC Networks Inc. Class A     2,202        15
  Rocky Brands Inc.       616        14
* BARK Inc.    10,652        14
* Reservoir Media Inc.     1,745        14
* Denny's Corp.     3,480        13
* OneWater Marine Inc. Class A       854        13

    Shares Market
Value
($000)
* Inspired Entertainment Inc.     1,641        13
* Tile Shop Holdings Inc.     1,892        12
  Hamilton Beach Brands Holding Co. Class A       607        11
* European Wax Center Inc. Class A     2,107        11
  Entravision Communications Corp. Class A     4,758        10
  Flexsteel Industries Inc.       329        10
* Lands' End Inc.     1,202        10
* EW Scripps Co. Class A     4,477        10
* Leslie's Inc.    12,617        10
* Outdoor Holding Co.     6,813        10
* Webtoon Entertainment Inc.     1,123        10
* Funko Inc. Class A     2,050         9
  Superior Group of Cos. Inc.       911         9
* Chegg Inc.     7,864         8
* iHeartMedia Inc. Class A     6,426         8
* Outbrain Inc.     3,144         8
* Wheels Up Experience Inc.     6,346         8
* ONE Group Hospitality Inc.     1,914         7
* Holley Inc.     3,560         7
* SES AI Corp.     7,730         7
* Cardlytics Inc.     3,371         6
* iRobot Corp.     1,869         6
* Nerdy Inc.     3,366         6
  Virco Mfg. Corp.       725         6
* Blink Charging Co.     6,820         5
  J Jill Inc.       326         5
* LiveOne Inc.     6,192         5
*,1 Luminar Technologies Inc.     1,429         5
* Purple Innovation Inc.     5,388         4
* RumbleON Inc. Class B     1,822         3
* MNTN Inc. Class A        99         2
              664,252
Consumer Staples (4.3%)
  Procter & Gamble Co.   184,011    31,262
  Coca-Cola Co.   302,409    21,804
  Philip Morris International Inc.   120,717    21,800
  PepsiCo Inc.   107,194    14,091
  Altria Group Inc.   131,800     7,988
  McKesson Corp.     9,885     7,112
  Mondelez International Inc. Class A   104,099     7,026
  CVS Health Corp.    97,915     6,270
  Colgate-Palmolive Co.    62,967     5,852
  Cencora Inc.    13,402     3,903
  Corteva Inc.    53,157     3,763
  Kimberly-Clark Corp.    25,572     3,676
  Kenvue Inc.   148,963     3,556
* Monster Beverage Corp.    54,708     3,499
  Kroger Co.    51,114     3,487
  Keurig Dr Pepper Inc.    98,655     3,322
  Sysco Corp.    37,893     2,766
  General Mills Inc.    42,457     2,304
  Constellation Brands Inc. Class A    12,321     2,197
  Church & Dwight Co. Inc.    19,122     1,880
  Kraft Heinz Co.    68,458     1,830
  Hershey Co.    11,385     1,829
  Archer-Daniels-Midland Co.    37,263     1,799
  Kellanova    20,167     1,666
  McCormick & Co. Inc.    19,374     1,409
* Sprouts Farmers Market Inc.     7,874     1,361
* US Foods Holding Corp.    16,977     1,343
  Clorox Co.     9,638     1,271
  Casey's General Stores Inc.     2,805     1,228
  Tyson Foods Inc. Class A    21,813     1,225
* Performance Food Group Co.    11,898     1,066
  J M Smucker Co.     8,034       905
  Conagra Brands Inc.    37,251       853
  Bunge Global SA    10,349       809
  Albertsons Cos. Inc. Class A    32,390       720
  Molson Coors Beverage Co. Class B    13,339       715

    Shares Market
Value
($000)
  Ingredion Inc.     5,117       712
  Hormel Foods Corp.    22,604       693
* BellRing Brands Inc.     9,992       629
  Walgreens Boots Alliance Inc.    55,664       626
  Primo Brands Corp.    18,902       625
  Lamb Weston Holdings Inc.    11,153       622
  Coca-Cola Consolidated Inc.     4,622       530
  Campbell's Co.    14,921       508
* Celsius Holdings Inc.    13,358       506
* Post Holdings Inc.     4,038       447
  Brown-Forman Corp. Class B    13,100       437
* Darling Ingredients Inc.    12,592       392
  Cal-Maine Foods Inc.     3,226       309
* Freshpet Inc.     3,569       286
  WD-40 Co.     1,084       264
  Lancaster Colony Corp.     1,547       259
* Simply Good Foods Co.     7,296       252
  Flowers Foods Inc.    13,674       231
* Chefs' Warehouse Inc.     2,879       184
  Pilgrim's Pride Corp.     3,324       163
* Boston Beer Co. Inc. Class A       699       161
* United Natural Foods Inc.     4,884       149
  Brown-Forman Corp. Class A     4,360       145
  J & J Snack Foods Corp.     1,237       142
  Energizer Holdings Inc.     5,724       133
  Universal Corp.     1,993       130
  Spectrum Brands Holdings Inc.     2,185       126
  Turning Point Brands Inc.     1,467       109
* Vita Coco Co. Inc.     3,014       107
* Grocery Outlet Holding Corp.     7,651       104
  Weis Markets Inc.     1,353       103
  Fresh Del Monte Produce Inc.     2,821       100
  Andersons Inc.     2,714        96
  Reynolds Consumer Products Inc.     4,340        96
  WK Kellogg Co.     5,381        91
  National Beverage Corp.     1,994        90
* Vital Farms Inc.     2,662        85
  Dole plc     6,019        85
  Edgewell Personal Care Co.     3,017        83
* TreeHouse Foods Inc.     3,650        82
  Ingles Markets Inc. Class A     1,152        72
  Utz Brands Inc.     5,334        71
* Herbalife Ltd.     8,331        65
  Seaboard Corp.        23        62
  SpartanNash Co.     2,946        57
  John B Sanfilippo & Son Inc.       743        46
  Smithfield Foods Inc.     1,964        46
  Oil-Dri Corp. of America       878        44
* SunOpta Inc.     6,889        43
  Natural Grocers by Vitamin Cottage Inc.       845        41
  Nu Skin Enterprises Inc. Class A     4,719        41
* Mission Produce Inc.     3,502        39
  MGP Ingredients Inc.     1,261        37
* Honest Co. Inc.     7,340        37
  Calavo Growers Inc.     1,120        31
* Seneca Foods Corp. Class A       320        30
  Village Super Market Inc. Class A       770        30
  ACCO Brands Corp.     7,702        28
  B&G Foods Inc.     6,200        26
  Limoneira Co.     1,508        24
* USANA Health Sciences Inc.       790        24
* Mama's Creations Inc.     2,288        19
* Olaplex Holdings Inc.    13,583        18
*,1 Westrock Coffee Co.     2,680        18
* Guardian Pharmacy Services Inc. Class A       733        16
* Hain Celestial Group Inc.     7,820        15
*,1 Beyond Meat Inc.     3,829        11
* HF Foods Group Inc.     2,849        11
* Nature's Sunshine Products Inc.       687        11
* Medifast Inc.       693        10

    Shares Market
Value
($000)
* Lifeway Foods Inc.       451        10
* Beauty Health Co.     5,520         9
* Brookfield Realty Capital Corp. Class A     4,004         7
* Waldencast plc Class A     2,485         7
* Veru Inc.    12,626         6
              189,541
Energy (3.2%)
  Exxon Mobil Corp.   342,595    35,047
  Chevron Corp.   127,529    17,433
  ConocoPhillips   100,555     8,582
  Williams Cos. Inc.    94,547     5,721
  EOG Resources Inc.    43,551     4,728
  Kinder Morgan Inc.   150,203     4,212
  Cheniere Energy Inc.    17,234     4,084
  Marathon Petroleum Corp.    24,876     3,999
  ONEOK Inc.    47,885     3,871
  Schlumberger NV   110,378     3,648
  Phillips 66    31,947     3,625
  Valero Energy Corp.    24,432     3,151
  Baker Hughes Co.    78,147     2,895
  Hess Corp.    21,639     2,860
  Targa Resources Corp.    16,566     2,616
  EQT Corp.    45,982     2,535
  Occidental Petroleum Corp.    52,483     2,140
  Expand Energy Corp.    18,011     2,092
  Diamondback Energy Inc.    14,570     1,960
  Texas Pacific Land Corp.     1,470     1,638
  Devon Energy Corp.    48,932     1,481
  Halliburton Co.    69,656     1,365
  Coterra Energy Inc.    55,523     1,350
* First Solar Inc.     8,340     1,318
  TechnipFMC plc    31,182       971
* Antero Resources Corp.    22,610       847
  DTE Midstream LLC     7,917       829
  Ovintiv Inc. (XNYS)    20,524       735
  Range Resources Corp.    18,371       699
* NEXTracker Inc. Class A    11,443       649
  Permian Resources Corp.    50,648       639
  Antero Midstream Corp.    27,237       511
  APA Corp.    27,994       476
  HF Sinclair Corp.    12,466       450
* Enphase Energy Inc.    10,289       426
  Matador Resources Co.     9,415       405
  Viper Energy Inc.    10,100       401
* CNX Resources Corp.    11,643       376
  NOV Inc.    31,159       374
  Chord Energy Corp.     4,047       364
  ChampionX Corp.    15,050       362
  Archrock Inc.    12,470       310
  Golar LNG Ltd.     7,292       300
  Magnolia Oil & Gas Corp. Class A    13,850       298
  Core Natural Resources Inc.     4,054       281
  Noble Corp. plc    10,360       257
  Weatherford International plc     5,784       252
  California Resources Corp.     5,491       243
  Murphy Oil Corp.    10,614       222
  SM Energy Co.     9,121       214
  Northern Oil & Gas Inc.     7,848       209
  Civitas Resources Inc.     7,440       204
* Gulfport Energy Corp.     1,027       197
  Warrior Met Coal Inc.     4,131       188
* Valaris Ltd.     4,939       186
  Patterson-UTI Energy Inc.    30,970       171
  Cactus Inc. Class A     4,054       166
* Comstock Resources Inc.     7,137       166
* Tidewater Inc.     3,900       155
* Oceaneering International Inc.     8,099       154
  PBF Energy Inc. Class A     8,010       153
* Centrus Energy Corp. Class A     1,158       147

    Shares Market
Value
($000)
* Transocean Ltd. (XNYS)    58,724       146
  Kinetik Holdings Inc.     3,168       141
  Liberty Energy Inc.    11,409       132
* Seadrill Ltd.     5,581       129
  Peabody Energy Corp.     9,563       126
  World Kinect Corp.     4,615       126
* DNOW Inc.     8,413       121
  Kodiak Gas Services Inc.     3,429       121
  Helmerich & Payne Inc.     7,798       119
* Sable Offshore Corp.     4,108       118
  Crescent Energy Co. Class A    12,953       109
  Sitio Royalties Corp. Class A     6,379       109
  Delek US Holdings Inc.     5,152        99
* Par Pacific Holdings Inc.     4,566        99
* Alpha Metallurgical Resources Inc.       877        98
* Talos Energy Inc.    11,630        93
* Array Technologies Inc.    13,107        86
* MRC Global Inc.     6,836        85
* NextDecade Corp.     9,901        82
* American Superconductor Corp.     2,804        79
* Helix Energy Solutions Group Inc.    11,610        72
  CVR Energy Inc.     3,023        71
* Shoals Technologies Group Inc. Class A    14,431        68
  Atlas Energy Solutions Inc.     5,449        66
* Kosmos Energy Ltd.    37,991        63
* Bristow Group Inc.     2,139        63
  Select Water Solutions Inc.     7,318        59
* Expro Group Holdings NV     7,146        59
*,1 Plug Power Inc.    64,061        57
  Diversified Energy Co. plc     4,073        57
* REX American Resources Corp.     1,323        56
  SunCoke Energy Inc.     6,780        55
  Solaris Energy Infrastructure Inc.     1,951        53
* NPK International Inc.     6,159        50
  Core Laboratories Inc.     4,049        44
* Innovex International Inc.     3,116        43
  Vitesse Energy Inc.     2,018        42
* Hallador Energy Co.     2,358        41
* ProPetro Holding Corp.     6,740        36
* Vital Energy Inc.     2,392        36
* Borr Drilling Ltd.    20,345        36
* EVgo Inc.     8,829        35
* Ameresco Inc. Class A     2,460        34
* TETRA Technologies Inc.    11,039        30
  VAALCO Energy Inc.     9,370        30
  RPC Inc.     6,050        27
* BKV Corp.     1,154        25
* ChargePoint Holdings Inc.    35,147        24
* Fluence Energy Inc.     5,145        24
  Flowco Holdings Inc. Class A     1,407        24
* Green Plains Inc.     5,603        23
* Matrix Service Co.     1,843        23
* Forum Energy Technologies Inc.     1,574        23
  Riley Exploration Permian Inc.       891        23
  SandRidge Energy Inc.     2,266        22
  Granite Ridge Resources Inc.     3,992        22
* Nabors Industries Ltd. (XNYS)       795        21
* Natural Gas Services Group Inc.       739        18
* Oil States International Inc.     4,101        18
  New Fortress Energy Inc.     6,475        16
  Berry Corp.     6,164        15
* Solid Power Inc.     9,314        15
* PrimeEnergy Resources Corp.        70        14
* ProFrac Holding Corp. Class A     1,689        14
  NACCO Industries Inc. Class A       372        13
1 HighPeak Energy Inc.     1,303        13
  Ramaco Resources Inc. Class A     1,418        13
  Ramaco Resources Inc. Class B     1,636        12
* T1 Energy Inc.     8,038         9
  W&T Offshore Inc.     5,569         8

    Shares Market
Value
($000)
* Montauk Renewables Inc.     4,337         8
*,1 Energy Vault Holdings Inc.     6,885         6
* Aemetis Inc.     3,216         5
* Empire Petroleum Corp.     1,114         5
*,1 TPI Composites Inc.     2,617         3
* Infinity Natural Resources Inc. Class A       174         3
* Sunnova Energy International Inc.     7,569         2
              140,303
Financials (11.8%)
* Berkshire Hathaway Inc. Class B   142,544    71,836
  JPMorgan Chase & Co.   218,772    57,756
  Bank of America Corp.   519,156    22,910
  Wells Fargo & Co.   256,446    19,177
  Goldman Sachs Group Inc.    23,400    14,051
  Progressive Corp.    45,545    12,977
  S&P Global Inc.    24,405    12,516
  Morgan Stanley    89,143    11,413
  Charles Schwab Corp.   128,934    11,390
  Blackrock Inc.    11,486    11,255
  Citigroup Inc.   147,175    11,085
  Chubb Ltd.    31,571     9,383
  Marsh & McLennan Cos. Inc.    38,381     8,968
  CME Group Inc.    28,025     8,099
  Intercontinental Exchange Inc.    44,277     7,961
  Blackstone Inc.    56,058     7,779
  Arthur J Gallagher & Co.    19,107     6,639
  KKR & Co. Inc.    52,134     6,332
  Moody's Corp.    12,294     5,893
  Aon plc Class A (XNYS)    15,283     5,686
  PNC Financial Services Group Inc.    30,876     5,367
  US Bancorp   121,275     5,286
  Apollo Global Management Inc.    40,357     5,274
  Bank of New York Mellon Corp.    55,660     4,932
  Travelers Cos. Inc.    17,568     4,843
  Aflac Inc.    43,085     4,461
  Allstate Corp.    20,349     4,271
  American International Group Inc.    48,477     4,103
  Truist Financial Corp.   103,808     4,100
* Coinbase Global Inc. Class A    15,677     3,866
  Ameriprise Financial Inc.     7,471     3,805
  MetLife Inc.    44,933     3,531
* Robinhood Markets Inc. Class A    52,482     3,472
  MSCI Inc.     5,906     3,331
* NU Holdings Ltd. Class A   251,389     3,019
  Prudential Financial Inc.    27,950     2,904
  Hartford Insurance Group Inc.    22,292     2,894
  Nasdaq Inc.    32,406     2,707
  Arch Capital Group Ltd.    28,259     2,686
  Willis Towers Watson plc     7,820     2,475
  LPL Financial Holdings Inc.     6,200     2,400
  Ares Management Corp. Class A    14,250     2,358
  M&T Bank Corp.    12,825     2,342
  Raymond James Financial Inc.    15,904     2,338
  Broadridge Financial Solutions Inc.     9,108     2,212
  State Street Corp.    22,603     2,176
  Brown & Brown Inc.    18,715     2,113
  Fifth Third Bancorp    52,873     2,019
  Cboe Global Markets Inc.     8,239     1,888
* Markel Group Inc.       969     1,882
  Cincinnati Financial Corp.    11,960     1,804
  Interactive Brokers Group Inc. Class A     8,236     1,727
  W R Berkley Corp.    23,079     1,724
  Huntington Bancshares Inc.   109,961     1,719
  First Citizens BancShares Inc. Class A       899     1,662
  Northern Trust Corp.    14,884     1,589
  T Rowe Price Group Inc.    16,887     1,580
  Regions Financial Corp.    68,230     1,463
  Citizens Financial Group Inc.    33,923     1,369
  Principal Financial Group Inc.    17,416     1,357

    Shares Market
Value
($000)
  FactSet Research Systems Inc.     2,929     1,342
  Tradeweb Markets Inc. Class A     9,142     1,321
  Loews Corp.    14,002     1,250
  Equitable Holdings Inc.    23,274     1,230
  Unum Group    14,239     1,163
  Everest Group Ltd.     3,307     1,148
  KeyCorp    70,312     1,115
  Fidelity National Financial Inc.    20,335     1,114
* SoFi Technologies Inc.    83,168     1,106
  Reinsurance Group of America Inc.     5,155     1,048
  RenaissanceRe Holdings Ltd.     4,029     1,005
  East West Bancorp Inc.    10,690       975
  First Horizon Corp.    41,299       821
  Kinsale Capital Group Inc.     1,713       809
  Globe Life Inc.     6,475       789
  Annaly Capital Management Inc.    41,300       783
  Carlyle Group Inc.    17,211       778
  Assurant Inc.     3,822       776
  Blue Owl Capital Inc.    40,601       758
  Ally Financial Inc.    21,361       748
  Stifel Financial Corp.     7,738       729
  Corebridge Financial Inc.    22,037       719
  Houlihan Lokey Inc.     4,094       715
  Old Republic International Corp.    18,328       693
  Primerica Inc.     2,561       693
  Webster Financial Corp.    13,340       687
  American Financial Group Inc.     5,452       676
  Jefferies Financial Group Inc.    13,641       663
  SouthState Corp.     7,544       662
  SEI Investments Co.     7,659       653
  Morningstar Inc.     2,091       645
  Pinnacle Financial Partners Inc.     6,056       644
  Evercore Inc. Class A     2,769       641
  MarketAxess Holdings Inc.     2,873       622
* Mr. Cooper Group Inc.     4,793       621
  Commerce Bancshares Inc.     9,836       620
  Western Alliance Bancorp     8,383       607
  XP Inc. Class A    31,365       607
  AGNC Investment Corp.    66,764       597
  Wintrust Financial Corp.     4,987       595
  Comerica Inc.    10,293       588
  Cullen / Frost Bankers Inc.     4,574       581
  Axis Capital Holdings Ltd.     5,468       568
  Ryan Specialty Holdings Inc.     7,921       567
  Popular Inc.     5,459       565
  UMB Financial Corp.     5,309       547
  Zions Bancorp NA    11,434       542
  Franklin Resources Inc.    24,270       525
  SLM Corp.    16,124       522
  Old National Bancorp    24,730       516
  Synovus Financial Corp.    10,585       506
  Voya Financial Inc.     7,595       505
  RLI Corp.     6,393       491
  Starwood Property Trust Inc.    24,874       491
  Hanover Insurance Group Inc.     2,725       480
  Prosperity Bancshares Inc.     6,896       480
  Jackson Financial Inc. Class A     5,850       479
  Essent Group Ltd.     8,150       473
  MGIC Investment Corp.    17,654       467
  OneMain Holdings Inc.     8,984       466
  Hamilton Lane Inc. Class A     3,077       458
  First American Financial Corp.     7,972       445
  Cadence Bank    14,403       436
  Lincoln National Corp.    13,085       434
  Selective Insurance Group Inc.     4,928       434
  Rithm Capital Corp.    38,138       425
  Home BancShares Inc.    14,839       420
  Invesco Ltd.    28,960       419
  Affiliated Managers Group Inc.     2,361       416
  TPG Inc.     8,248       397

    Shares Market
Value
($000)
  FNB Corp.    28,537       396
  FirstCash Holdings Inc.     3,066       392
  Columbia Banking System Inc.    16,604       388
  Bank OZK     8,497       377
  Glacier Bancorp Inc.     9,091       377
  United Bankshares Inc.    10,413       376
* MARA Holdings Inc.    26,462       374
  Radian Group Inc.    10,914       373
  Janus Henderson Group plc    10,185       370
  Lazard Inc.     8,391       364
  Hancock Whitney Corp.     6,589       360
  First Financial Bankshares Inc.    10,174       359
* Clearwater Analytics Holdings Inc. Class A    15,057       348
* Palomar Holdings Inc.     2,019       346
  Valley National Bancorp    37,881       333
  Piper Sandler Cos.     1,312       330
  White Mountains Insurance Group Ltd.       185       330
  Ameris Bancorp     5,258       323
* Enstar Group Ltd.       939       315
  Assured Guaranty Ltd.     3,704       313
  Kemper Corp.     4,883       311
  Atlantic Union Bankshares Corp.    10,248       308
  Moelis & Co. Class A     5,361       306
* Axos Financial Inc.     4,303       299
  Associated Banc-Corp.    12,762       296
  CNO Financial Group Inc.     7,500       285
  ServisFirst Bancshares Inc.     3,832       285
  PJT Partners Inc. Class A     1,863       281
* StoneX Group Inc.     3,320       281
* Upstart Holdings Inc.     5,915       279
  International Bancshares Corp.     4,312       270
  BGC Group Inc. Class A    29,074       270
* Brighthouse Financial Inc.     4,502       269
  Renasant Corp.     7,384       259
  First BanCorp (XNYS)    12,891       258
  Blackstone Mortgage Trust Inc. Class A    13,622       257
  Virtu Financial Inc. Class A     6,385       257
  United Community Banks Inc.     8,767       252
* Texas Capital Bancshares Inc.     3,504       251
  Fulton Financial Corp.    14,408       249
  First Hawaiian Inc.    10,311       246
* NMI Holdings Inc.     6,172       245
* Genworth Financial Inc.    34,608       244
* Credit Acceptance Corp.       499       238
  Eastern Bankshares Inc.    15,501       233
  Flagstar Financial Inc.    19,896       229
  StepStone Group Inc. Class A     3,923       227
* Oscar Health Inc. Class A    16,191       223
  WSFS Financial Corp.     4,205       222
  Community Financial System Inc.     3,850       217
  WesBanco Inc.     6,910       213
  Bank of Hawaii Corp.     3,133       208
  Burford Capital Ltd.    16,163       208
  PennyMac Financial Services Inc.     2,137       205
  Artisan Partners Asset Management Inc. Class A     5,070       204
  Independent Bank Corp. (XNGS)     3,310       204
  Victory Capital Holdings Inc. Class A     3,288       204
  BankUnited Inc.     5,964       203
* Baldwin Insurance Group Inc.     5,255       202
  Bread Financial Holdings Inc.     3,930       201
  BancFirst Corp.     1,602       198
  CVB Financial Corp.    10,575       198
  Goosehead Insurance Inc. Class A     1,802       195
* Bancorp Inc.     3,772       193
  Park National Corp.     1,162       189
* Skyward Specialty Insurance Group Inc.     2,982       189
* Enova International Inc.     2,025       188
  Simmons First National Corp. Class A    10,011       188
  First Financial Bancorp     7,528       182
* Riot Platforms Inc.    22,526       182

    Shares Market
Value
($000)
  WaFd Inc.     6,371       181
  First Merchants Corp.     4,675       176
  Seacoast Banking Corp. of Florida     6,794       175
  BOK Financial Corp.     1,827       173
  First Interstate BancSystem Inc. Class A     6,334       172
  Towne Bank     4,926       170
  Cohen & Steers Inc.     2,205       169
  Provident Financial Services Inc.    10,136       169
  Walker & Dunlop Inc.     2,461       169
  Pacific Premier Bancorp Inc.     7,820       166
  Banner Corp.     2,666       164
  Enterprise Financial Services Corp.     2,960       157
  NBT Bancorp Inc.     3,713       155
  Banc of California Inc.    11,203       154
  Cathay General Bancorp     3,540       152
  OFG Bancorp     3,651       150
* SiriusPoint Ltd.     7,678       150
  Horace Mann Educators Corp.     3,393       147
  Bank of NT Butterfield & Son Ltd.     3,423       144
* Lemonade Inc.     4,280       143
1 Rocket Cos. Inc. Class A    11,208       143
  Arbor Realty Trust Inc.    14,687       141
  Mercury General Corp.     2,174       140
  City Holding Co.     1,171       138
* Dave Inc.       681       137
  Federal Agricultural Mortgage Corp. Class C       732       136
  First Bancorp / Southern Pines NC     3,231       134
  Stewart Information Services Corp.     2,219       134
  Nelnet Inc. Class A     1,141       133
  Nicolet Bankshares Inc.     1,081       133
  Stock Yards Bancorp Inc.     1,752       129
  First Commonwealth Financial Corp.     8,076       126
  FB Financial Corp.     2,854       125
  Northwest Bancshares Inc.    10,188       125
* Trupanion Inc.     2,644       125
  Pathward Financial Inc.     1,554       121
* Customers Bancorp Inc.     2,364       120
  Lakeland Financial Corp.     2,006       120
  Trustmark Corp.     3,405       117
  S&T Bancorp Inc.     3,080       113
  WisdomTree Inc.    11,605       110
  Apollo Commercial Real Estate Finance Inc.    11,111       109
  National Bank Holdings Corp. Class A     2,970       107
  Stellar Bancorp Inc.     3,964       107
  Employers Holdings Inc.     2,121       103
  HCI Group Inc.       612       103
  TriCo Bancshares     2,578       103
  Ladder Capital Corp.     9,733       102
* Triumph Financial Inc.     1,774       102
  Veritex Holdings Inc.     4,207       102
  Safety Insurance Group Inc.     1,204        99
  Westamerica BanCorp     2,063        99
* Root Inc. Class A       750        98
* ProAssurance Corp.     4,164        97
  Hope Bancorp Inc.     9,539        96
  Virtus Investment Partners Inc.       553        94
  1st Source Corp.     1,544        93
  QCR Holdings Inc.     1,375        93
  German American Bancorp Inc.     2,420        92
  Banco Latinoamericano de Comercio Exterior SA     2,234        92
* LendingClub Corp.     8,937        90
  Two Harbors Investment Corp.     8,537        90
  CNA Financial Corp.     1,852        89
  Cannae Holdings Inc.     4,694        88
  Ellington Financial Inc.     6,989        88
  Chimera Investment Corp.     6,612        87
  Bank First Corp.       743        86
  Berkshire Hills Bancorp Inc.     3,463        86
  Navient Corp.     6,424        86
  Preferred Bank     1,024        86

    Shares Market
Value
($000)
  Origin Bancorp Inc.     2,465        84
* Coastal Financial Corp.       947        83
  Franklin BSP Realty Trust Inc. REIT     7,442        82
  OceanFirst Financial Corp.     4,845        81
  PennyMac Mortgage Investment Trust     6,576        81
  MFA Financial Inc. REIT     8,342        78
  AMERISAFE Inc.     1,623        77
  Live Oak Bancshares Inc.     2,806        77
  Enact Holdings Inc.     2,186        77
  Brookline Bancorp Inc.     7,355        76
* Encore Capital Group Inc.     1,985        75
  Dynex Capital Inc.     6,046        73
  Perella Weinberg Partners     4,178        73
  Brookfield Business Corp. Class A     2,545        73
  Hilltop Holdings Inc.     2,419        72
  First Busey Corp.     3,170        70
  Dime Community Bancshares Inc.     2,725        70
  Univest Financial Corp.     2,328        69
  Fidelis Insurance Holdings Ltd.     3,970        69
  Southside Bancshares Inc.     2,402        68
  ARMOUR Residential REIT Inc.     4,196        68
  Redwood Trust Inc.    12,315        67
  First Mid Bancshares Inc.     1,833        65
  Acadian Asset Management Inc.     2,164        65
* Porch Group Inc.     7,095        65
  Community Trust Bancorp Inc.     1,252        64
  Tompkins Financial Corp.     1,037        64
  Burke & Herbert Financial Services Corp.     1,127        64
  ConnectOne Bancorp Inc.     2,737        63
* Hamilton Insurance Group Ltd. Class B     2,910        63
  Byline Bancorp Inc.     2,333        60
  Capitol Federal Financial Inc.    10,508        60
  Mercantile Bank Corp.     1,357        60
  Patria Investments Ltd. Class A     4,734        60
  Heritage Financial Corp.     2,471        58
  Central Pacific Financial Corp.     2,109        56
  Hanmi Financial Corp.     2,441        56
  Horizon Bancorp Inc.     3,784        56
  Old Second Bancorp Inc.     3,402        56
  TFS Financial Corp.     4,251        56
  New York Mortgage Trust Inc.     8,546        56
* NB Bancorp Inc.     3,308        56
  First Community Bankshares Inc.     1,462        55
  Ready Capital Corp.    12,196        55
  Brightspire Capital Inc.    10,893        55
  Esquire Financial Holdings Inc.       594        54
  Amerant Bancorp Inc.     3,024        53
* Metropolitan Bank Holding Corp.       825        53
  Independent Bank Corp.     1,627        51
  Business First Bancshares Inc.     2,078        49
  Universal Insurance Holdings Inc.     1,810        49
  F&G Annuities & Life Inc.     1,546        49
  Northeast Bank       575        48
  Orrstown Financial Services Inc.     1,602        48
  Republic Bancorp Inc. Class A       707        48
  GCM Grosvenor Inc. Class A     3,771        48
  MidWestOne Financial Group Inc.     1,612        46
* PRA Group Inc.     3,246        46
  Orchid Island Capital Inc.     6,748        46
  KKR Real Estate Finance Trust Inc.     5,079        45
  Merchants Bancorp     1,414        45
  Tiptree Inc.     2,015        45
  Heritage Commerce Corp.     4,791        44
  Peoples Bancorp Inc.     1,496        44
  TrustCo Bank Corp. NY     1,415        44
  HomeTrust Bancshares Inc.     1,198        43
  United Fire Group Inc.     1,498        43
* Hippo Holdings Inc.     1,813        43
  Northrim BanCorp Inc.       461        42
  Southern Missouri Bancorp Inc.       801        42

    Shares Market
Value
($000)
* World Acceptance Corp.       274        42
  CNB Financial Corp.     1,878        41
  Metrocity Bankshares Inc.     1,476        41
  Shore Bancshares Inc.     2,767        40
  Eagle Bancorp Inc.     2,201        39
* Heritage Insurance Holdings Inc.     1,604        39
  Amalgamated Financial Corp.     1,283        39
  Equity Bancshares Inc. Class A       980        38
  Farmers National Banc Corp.     2,870        38
  First Financial Corp.       725        38
  TPG RE Finance Trust Inc.     4,886        38
  P10 Inc. Class A     3,443        37
  Invesco Mortgage Capital Inc. REIT     4,948        37
  Camden National Corp.       921        36
  SmartFinancial Inc.     1,145        36
* Bowhead Specialty Holdings Inc.       957        36
  Peapack-Gladstone Financial Corp.     1,269        35
  Peoples Financial Services Corp.       733        35
  Washington Trust Bancorp Inc.     1,249        35
  Compass Diversified Holdings     5,220        35
  South Plains Financial Inc.       956        34
  Five Star Bancorp     1,211        34
  Diamond Hill Investment Group Inc.       234        33
  Enterprise Bancorp Inc.       869        33
  First Business Financial Services Inc.       671        33
  Mid Penn Bancorp Inc.     1,220        33
  Bank of Marin Bancorp     1,493        32
* Columbia Financial Inc.     2,270        32
  HarborOne Bancorp Inc.     2,781        32
  Northfield Bancorp Inc.     2,767        32
  Arrow Financial Corp.     1,202        31
  Bar Harbor Bankshares     1,058        31
  First Bank     2,152        31
  Sierra Bancorp     1,088        30
  Unity Bancorp Inc.       671        30
  ACNB Corp.       711        30
  UWM Holdings Corp.     7,074        30
* Ambac Financial Group Inc.     3,709        29
  Home Bancorp Inc.       569        29
  OppFi Inc.     2,271        29
  Financial Institutions Inc.     1,084        28
* First Foundation Inc.     5,503        28
  Flushing Financial Corp.     2,353        28
  Guaranty Bancshares Inc.       672        28
  Midland States Bancorp Inc.     1,640        28
  West BanCorp. Inc.     1,466        28
  Investors Title Co.       115        27
  HBT Financial Inc.     1,151        27
* California BanCorp     1,775        27
  Great Southern Bancorp Inc.       459        26
* Selectquote Inc.    12,081        26
  Northeast Community Bancorp Inc.     1,134        26
* Third Coast Bancshares Inc.       858        26
* Ponce Financial Group Inc.     1,954        26
  Southern States Bancshares Inc.       759        26
  Citizens Financial Services Inc.       430        26
  Civista Bancshares Inc.     1,128        25
  FS Bancorp Inc.       664        25
* LendingTree Inc.       711        25
  RBB Bancorp     1,478        25
  American Coastal Insurance Corp.     2,292        25
* Carter Bankshares Inc.     1,543        25
  Orange County Bancorp Inc.       984        25
  NewtekOne Inc.     2,285        25
  Bankwell Financial Group Inc.       698        24
  Kearny Financial Corp.     3,943        24
  Plumas Bancorp       559        24
* Bridgewater Bancshares Inc.     1,592        23
  Donegal Group Inc. Class A     1,136        23
  Farmers & Merchants Bancorp Inc.       957        23

    Shares Market
Value
($000)
* Southern First Bancshares Inc.       624        23
  Capital Bancorp Inc.       706        23
  Citizens & Northern Corp.     1,172        22
  PCB Bancorp     1,144        22
  Ares Commercial Real Estate Corp.     4,620        21
  ChoiceOne Financial Services Inc.       712        21
  Red River Bancshares Inc.       373        21
  MVB Financial Corp.     1,009        20
  Regional Management Corp.       744        20
  Claros Mortgage Trust Inc.     7,796        20
  First of Long Island Corp.     1,596        19
* HomeStreet Inc.     1,444        19
  Parke Bancorp Inc.       991        19
  Timberland Bancorp Inc.       615        19
  Fidelity D&D Bancorp Inc.       452        18
  Princeton Bancorp Inc.       578        18
  Hingham Institution for Savings        70        17
  LCNB Corp.     1,148        17
  Colony Bankcorp Inc.     1,100        17
* FVCBankcorp Inc.     1,374        16
* First Western Financial Inc.       727        15
* Open Lending Corp.     8,535        15
* Onity Group Inc.       403        15
  AG Mortgage Investment Trust Inc.     2,198        15
  First Internet Bancorp       565        14
* MBIA Inc.     3,232        14
  Waterstone Financial Inc.     1,100        14
  James River Group Holdings Ltd.     2,391        14
  Ames National Corp.       785        14
  Middlefield Banc Corp.       448        13
  Medallion Financial Corp.     1,443        13
* Velocity Financial Inc.       735        12
  Linkbancorp Inc.     1,740        12
  ESSA Bancorp Inc.       624        11
  Bank7 Corp.       277        11
  Nexpoint Real Estate Finance Inc.       734        11
* AlTi Global Inc.     3,182        11
  BCB Bancorp Inc.     1,278        10
* Pioneer Bancorp Inc.       748         9
  NexPoint Diversified Real Estate Trust     2,086         9
  Capital City Bank Group Inc.       223         8
  Angel Oak Mortgage REIT Inc.       891         8
* Consumer Portfolio Services Inc.       721         7
* NI Holdings Inc.       442         6
* Forge Global Holdings Inc.       457         6
* B Riley Financial Inc.     1,478         5
*,1 Roadzen Inc.     4,833         5
* GoHealth Inc. Class A       342         2
* American Integrity Insurance Group Inc.       145         2
*,3 Sterling Bancorp Inc.     1,575        —
              520,641
Health Care (9.4%)
  Eli Lilly & Co.    62,288    45,948
  Johnson & Johnson   187,768    29,143
  AbbVie Inc.   137,811    25,648
  UnitedHealth Group Inc.    71,550    21,602
  Abbott Laboratories   134,629    17,984
* Intuitive Surgical Inc.    27,461    15,168
  Merck & Co. Inc.   197,293    15,160
* Boston Scientific Corp.   114,241    12,025
  Amgen Inc.    41,677    12,010
  Thermo Fisher Scientific Inc.    29,702    11,965
  Stryker Corp.    28,165    10,777
  Gilead Sciences Inc.    96,918    10,669
  Pfizer Inc.   440,200    10,340
  Danaher Corp.    50,198     9,533
* Vertex Pharmaceuticals Inc.    20,078     8,875
  Medtronic plc    99,772     8,279
  Bristol-Myers Squibb Co.   157,453     7,602

    Shares Market
Value
($000)
  Elevance Health Inc.    18,106     6,950
  Cigna Group    20,866     6,607
  Zoetis Inc.    35,166     5,930
  HCA Healthcare Inc.    14,329     5,465
  Regeneron Pharmaceuticals Inc.     8,122     3,982
  Becton Dickinson & Co.    22,463     3,877
* Edwards Lifesciences Corp.    45,406     3,552
* IDEXX Laboratories Inc.     6,275     3,221
* Veeva Systems Inc. Class A    11,358     3,177
* Alnylam Pharmaceuticals Inc.    10,059     3,064
  Cardinal Health Inc.    18,866     2,914
  ResMed Inc.    11,365     2,782
* Dexcom Inc.    30,147     2,587
  GE HealthCare Technologies Inc.    35,577     2,510
  Agilent Technologies Inc.    21,894     2,450
* Centene Corp.    39,412     2,224
  Humana Inc.     9,428     2,198
* IQVIA Holdings Inc.    13,826     1,940
  STERIS plc     7,697     1,887
* Insulet Corp.     5,341     1,736
* Waters Corp.     4,624     1,615
  Labcorp Holdings Inc.     6,453     1,607
* Biogen Inc.    11,455     1,487
  Quest Diagnostics Inc.     8,475     1,469
* Natera Inc.     9,001     1,420
  Zimmer Biomet Holdings Inc.    15,243     1,405
* Molina Healthcare Inc.     4,456     1,359
* Tenet Healthcare Corp.     7,442     1,256
  West Pharmaceutical Services Inc.     5,651     1,192
  Baxter International Inc.    38,904     1,187
* United Therapeutics Corp.     3,431     1,094
* Hologic Inc.    17,437     1,084
* Align Technology Inc.     5,903     1,068
* Illumina Inc.    12,530     1,030
* Cooper Cos. Inc.    14,952     1,021
  Royalty Pharma plc Class A    29,565       972
* Neurocrine Biosciences Inc.     7,808       961
* Exelixis Inc.    21,976       946
* Insmed Inc.    13,487       940
  Encompass Health Corp.     7,364       890
* Hims & Hers Health Inc.    15,414       872
* BioMarin Pharmaceutical Inc.    14,843       862
  Revvity Inc.     9,442       854
  Universal Health Services Inc. Class B     4,477       852
* Incyte Corp.    12,670       824
  Viatris Inc.    93,065       818
* Exact Sciences Corp.    14,328       806
* Solventum Corp.    10,826       791
* QIAGEN NV    16,985       767
* Penumbra Inc.     2,855       762
* Avantor Inc.    53,576       692
* Henry Schein Inc.     9,810       687
* Moderna Inc.    25,496       677
* HealthEquity Inc.     6,579       662
  Chemed Corp.     1,146       659
  Ensign Group Inc.     4,202       619
* Medpace Holdings Inc.     2,009       592
  Bio-Techne Corp.    12,216       591
* Halozyme Therapeutics Inc.     9,787       549
* Masimo Corp.     3,363       546
* Charles River Laboratories International Inc.     3,975       539
* Revolution Medicines Inc.    13,468       531
* Doximity Inc. Class A     9,893       515
* Globus Medical Inc. Class A     8,683       514
* Repligen Corp.     4,342       513
* Elanco Animal Health Inc. (XNYS)    37,735       507
* Blueprint Medicines Corp.     4,980       505
* Jazz Pharmaceuticals plc     4,667       504
* Corcept Therapeutics Inc.     6,427       498
* DaVita Inc.     3,637       496

    Shares Market
Value
($000)
  Teleflex Inc.     3,610       441
* Option Care Health Inc.    13,310       435
* Merit Medical Systems Inc.     4,488       426
* Ionis Pharmaceuticals Inc.    12,397       415
* Lantheus Holdings Inc.     5,448       412
* TG Therapeutics Inc.    11,182       393
* Guardant Health Inc.     9,411       382
* Madrigal Pharmaceuticals Inc.     1,362       375
* Alkermes plc    12,175       373
* Roivant Sciences Ltd.    33,882       372
* Bridgebio Pharma Inc.    10,515       360
* ADMA Biologics Inc.    17,916       355
* Glaukos Corp.     3,688       348
* iRhythm Technologies Inc.     2,440       343
* TransMedics Group Inc.     2,616       333
* Prestige Consumer Healthcare Inc.     3,866       331
* Bio-Rad Laboratories Inc. Class A     1,453       330
  Bruker Corp.     8,773       322
* Vaxcyte Inc.     9,705       315
* Inspire Medical Systems Inc.     2,237       309
* Integer Holdings Corp.     2,591       308
* Axsome Therapeutics Inc.     2,882       303
* RadNet Inc.     5,267       303
* Akero Therapeutics Inc.     6,103       303
* PTC Therapeutics Inc.     6,107       296
  Perrigo Co. plc    11,037       295
* Avidity Biosciences Inc.     8,908       276
* Cytokinetics Inc.     8,683       269
* Rhythm Pharmaceuticals Inc.     4,346       267
* Sarepta Therapeutics Inc.     7,108       267
  DENTSPLY SIRONA Inc.    16,304       261
* Waystar Holding Corp.     6,447       258
* Envista Holdings Corp.    14,003       256
* Haemonetics Corp.     3,722       252
* Krystal Biotech Inc.     1,988       250
* Ultragenyx Pharmaceutical Inc.     7,213       245
* CorVel Corp.     2,166       241
* Amedisys Inc.     2,546       239
* SpringWorks Therapeutics Inc.     5,047       236
* ICU Medical Inc.     1,714       231
* Viking Therapeutics Inc.     8,586       230
* Catalyst Pharmaceuticals Inc.     8,949       223
* Crinetics Pharmaceuticals Inc.     7,324       223
* Protagonist Therapeutics Inc.     4,644       220
* Arcellx Inc.     3,467       215
* PROCEPT BioRobotics Corp.     3,585       208
* Nuvalent Inc. Class A     2,766       206
  Concentra Group Holdings Parent Inc.     9,019       195
* LivaNova plc     4,343       188
  Organon & Co.    20,391       188
* Privia Health Group Inc.     8,176       186
* ACADIA Pharmaceuticals Inc.     8,353       180
* BioCryst Pharmaceuticals Inc.    16,699       180
* Scholar Rock Holding Corp.     6,192       180
  Premier Inc. Class A     7,654       176
* Acadia Healthcare Co. Inc.     7,333       166
* Veracyte Inc.     6,192       165
* Novocure Ltd.     8,510       163
* Addus HomeCare Corp.     1,411       156
* QuidelOrtho Corp.     5,040       155
* Soleno Therapeutics Inc.     2,090       153
* Arrowhead Pharmaceuticals Inc.     9,449       152
* Surgery Partners Inc.     6,439       152
* Warby Parker Inc. Class A     7,096       150
* Sotera Health Co.    12,110       148
* Agios Pharmaceuticals Inc.     4,591       147
* Vericel Corp.     3,556       147
* Amicus Therapeutics Inc.    23,698       144
* Apellis Pharmaceuticals Inc.     8,481       144
* Mirum Pharmaceuticals Inc.     3,222       143

    Shares Market
Value
($000)
  CONMED Corp.     2,507       142
* Ligand Pharmaceuticals Inc.     1,393       142
* Enovis Corp.     4,463       140
* Twist Bioscience Corp.     4,705       138
* UFP Technologies Inc.       586       137
* Summit Therapeutics Inc. (XNMS)     7,546       137
* Ideaya Biosciences Inc.     6,815       136
* Denali Therapeutics Inc.    10,088       134
  LeMaitre Vascular Inc.     1,618       133
* AtriCure Inc.     3,801       131
* Progyny Inc.     6,076       131
  Select Medical Holdings Corp.     8,528       130
* Supernus Pharmaceuticals Inc.     4,051       128
* Tarsus Pharmaceuticals Inc.     2,956       127
* Alignment Healthcare Inc.     8,155       125
* Arcutis Biotherapeutics Inc.     8,642       113
* Kymera Therapeutics Inc.     3,812       113
* Certara Inc.     9,844       112
* Apogee Therapeutics Inc.     3,055       112
* Omnicell Inc.     3,663       111
* Phreesia Inc.     4,522       111
* Beam Therapeutics Inc.     7,039       111
* Tandem Diabetes Care Inc.     5,414       107
  National HealthCare Corp.     1,017       106
* Harmony Biosciences Holdings Inc.     3,077       106
* BrightSpring Health Services Inc.     4,440       106
* Alphatec Holdings Inc.     8,480       105
* Dynavax Technologies Corp.    10,716       105
* Ocular Therapeutix Inc.    12,513       100
* Biohaven Ltd.     6,771       100
* Celldex Therapeutics Inc.     5,031        99
* Pediatrix Medical Group Inc.     6,939        98
* Neogen Corp.    16,737        98
* CG oncology Inc.     3,844        98
* Teladoc Health Inc.    13,852        96
* Travere Therapeutics Inc.     6,316        95
* Amneal Pharmaceuticals Inc.    12,894        94
* Brookdale Senior Living Inc.    14,422        94
* Artivion Inc.     3,174        94
* Novavax Inc.    12,391        91
* MannKind Corp.    21,736        90
  US Physical Therapy Inc.     1,197        90
* Healthcare Services Group Inc.     6,295        89
* Kiniksa Pharmaceuticals International plc     3,245        89
* Astrana Health Inc.     3,532        88
* Pacira BioSciences Inc.     3,388        88
* ANI Pharmaceuticals Inc.     1,507        88
* Adaptive Biotechnologies Corp.     9,100        87
* Inmode Ltd.     5,786        85
* Aurinia Pharmaceuticals Inc.    10,883        85
* Edgewise Therapeutics Inc.     5,951        85
* Recursion Pharmaceuticals Inc. Class A    20,049        84
* Dyne Therapeutics Inc.     6,954        83
* Viridian Therapeutics Inc.     5,956        83
* 10X Genomics Inc. Class A     8,565        82
* Innoviva Inc.     4,151        81
* Amphastar Pharmaceuticals Inc.     3,110        80
* Azenta Inc.     2,989        80
* Liquidia Corp.     5,200        78
* AdaptHealth Corp.     8,485        76
* Disc Medicine Inc.     1,634        76
* Geron Corp. (XNGS)    49,039        75
* NeoGenomics Inc.    10,236        75
* Pennant Group Inc.     2,614        75
* GeneDx Holdings Corp.     1,022        73
* STAAR Surgical Co.     4,058        72
* GRAIL Inc.     1,881        72
* Syndax Pharmaceuticals Inc.     6,770        71
* LifeStance Health Group Inc.    11,976        71
* Ardelyx Inc.    18,959        70

    Shares Market
Value
($000)
* Collegium Pharmaceutical Inc.     2,413        70
* Evolent Health Inc. Class A     9,406        70
* Immunovant Inc.     4,735        70
* Avadel Pharmaceuticals plc     7,651        70
* Integra LifeSciences Holdings Corp.     5,424        69
* 89bio Inc.     7,020        69
* SI-BONE Inc.     3,588        68
* BioLife Solutions Inc.     3,056        67
* Vera Therapeutics Inc.     3,561        67
* CareDx Inc.     3,803        65
* MiMedx Group Inc.    10,049        65
* Harrow Inc.     2,285        64
* Nurix Therapeutics Inc.     5,665        60
* Intellia Therapeutics Inc.     8,323        57
  HealthStream Inc.     2,005        56
* Xeris Biopharma Holdings Inc.    11,273        56
* CorMedix Inc.     4,500        55
* Janux Therapeutics Inc.     2,249        54
* Praxis Precision Medicines Inc.     1,390        54
* Enliven Therapeutics Inc.     2,970        53
* ARS Pharmaceuticals Inc.     3,492        50
* Avanos Medical Inc.     3,892        49
  Embecta Corp.     4,651        49
* Enhabit Inc.     4,589        48
* Mind Medicine MindMed Inc.     6,674        48
* AnaptysBio Inc.     2,111        47
* Zymeworks Inc.     4,085        47
*,1 Anavex Life Sciences Corp.     6,160        46
* agilon health Inc.    20,713        46
* Akebia Therapeutics Inc.    14,752        45
* Community Health Systems Inc.    11,626        45
* Evolus Inc.     4,870        45
* RxSight Inc.     2,919        45
* ArriVent Biopharma Inc.     2,101        45
  Phibro Animal Health Corp. Class A     1,817        44
* Xencor Inc.     5,480        44
* WaVe Life Sciences Ltd.     7,404        44
* Taysha Gene Therapies Inc.    16,080        44
* Spyre Therapeutics Inc.     2,872        44
* Owens & Minor Inc.     6,453        43
* Arbutus Biopharma Corp.    12,889        43
* Cogent Biosciences Inc.     7,872        43
  iRadimed Corp.       719        42
* Replimune Group Inc.     4,527        41
* Zevra Therapeutics Inc.     4,740        41
* Iovance Biotherapeutics Inc.    22,489        39
* Fulgent Genetics Inc.     1,885        39
* Immunome Inc.     4,450        39
* EyePoint Pharmaceuticals Inc.     5,371        39
* Arvinas Inc.     5,248        38
* Niagen Bioscience Inc.     3,493        38
* Regulus Therapeutics Inc.     4,753        38
* Arcus Biosciences Inc.     4,098        37
* Vir Biotechnology Inc.     7,593        37
* Mineralys Therapeutics Inc.     2,392        37
* ORIC Pharmaceuticals Inc.     4,356        36
* Trevi Therapeutics Inc.     5,486        36
* AngioDynamics Inc.     3,474        35
* Castle Biosciences Inc.     2,166        35
* Keros Therapeutics Inc.     2,477        35
* Axogen Inc.     3,165        34
* OPKO Health Inc.    25,212        34
* Metsera Inc.     1,262        34
* Cullinan Therapeutics Inc.     3,792        33
* Orthofix Medical Inc.     2,837        32
* REGENXBIO Inc.     3,625        32
* Fortrea Holdings Inc.     7,383        32
* Relay Therapeutics Inc.    10,202        31
* Kura Oncology Inc.     5,240        30
* Myriad Genetics Inc.     7,148        30

    Shares Market
Value
($000)
* Surmodics Inc.     1,042        30
* Theravance Biopharma Inc.     3,306        30
* Fulcrum Therapeutics Inc.     4,347        30
* Celcuity Inc.     2,849        30
* LifeMD Inc.     2,466        30
* Nuvation Bio Inc.    14,162        30
* Rigel Pharmaceuticals Inc.     1,564        30
*,1 Altimmune Inc.     5,379        29
* Atea Pharmaceuticals Inc.     9,740        29
* Capricor Therapeutics Inc.     2,952        29
* Verve Therapeutics Inc.     6,527        29
* Dianthus Therapeutics Inc.     1,680        29
* KalVista Pharmaceuticals Inc.     2,403        28
* Day One Biopharmaceuticals Inc.     4,422        28
* Talkspace Inc.     8,650        28
* PACS Group Inc.     2,832        28
* OrthoPediatrics Corp.     1,330        27
* ImmunityBio Inc.    10,316        27
* Cytek Biosciences Inc.     9,813        27
* Tourmaline Bio Inc.     1,628        27
* Varex Imaging Corp.     3,406        26
* LENZ Therapeutics Inc.       893        26
* Treace Medical Concepts Inc.     4,364        25
* Sage Therapeutics Inc.     3,694        24
* Stoke Therapeutics Inc.     2,499        24
*,1 Nano-X Imaging Ltd.     4,503        23
* Verastem Inc.     3,025        23
* Standard BioTools Inc.    21,308        22
*,1 Pacific Biosciences of California Inc.    22,805        22
* Aura Biosciences Inc.     3,743        22
* XOMA Royalty Corp.       855        21
*,1 Pulse Biosciences Inc.     1,237        21
* MeiraGTx Holdings plc     4,051        21
* Savara Inc.     8,987        20
* Tactile Systems Technology Inc.     2,034        20
* Arcturus Therapeutics Holdings Inc.     1,579        20
*,1 Sana Biotechnology Inc.     9,302        20
* Aveanna Healthcare Holdings Inc.     3,702        20
  SIGA Technologies Inc.     3,123        19
* Erasca Inc.    13,282        19
* Zimvie Inc.     2,132        19
* Cerus Corp.    14,134        18
* Health Catalyst Inc.     4,818        18
* Inozyme Pharma Inc.     4,493        18
* Maravai LifeSciences Holdings Inc. Class A     8,106        18
* MaxCyte Inc.     7,598        18
* Terns Pharmaceuticals Inc.     5,850        18
* NeuroPace Inc.     1,356        18
* Humacyte Inc.     6,794        18
* Fennec Pharmaceuticals Inc.     2,095        17
* Bioventus Inc. Class A     2,638        17
* Astria Therapeutics Inc.     3,529        17
* Ceribell Inc.       994        17
* Heron Therapeutics Inc.     8,276        16
* Vanda Pharmaceuticals Inc.     3,703        16
* Monte Rosa Therapeutics Inc.     3,773        16
* Codexis Inc.     6,744        15
* OraSure Technologies Inc.     5,230        15
* Prothena Corp. plc     3,260        15
* UroGen Pharma Ltd.     3,451        15
* Precigen Inc.    11,314        15
* Organogenesis Holdings Inc.     5,493        15
* Olema Pharmaceuticals Inc.     2,804        15
*,1 Ocugen Inc.    17,914        15
* Absci Corp.     5,583        15
* Entrada Therapeutics Inc.     1,999        15
* ADC Therapeutics SA     4,927        15
* Bicara Therapeutics Inc.     1,588        15
* Quanterix Corp.     2,609        14
* Rocket Pharmaceuticals Inc.     5,568        14

    Shares Market
Value
($000)
* Y-mAbs Therapeutics Inc.     3,025        14
* Aquestive Therapeutics Inc.     5,244        14
* Annexon Inc.     6,858        14
* Avita Medical Inc.     2,475        14
* Viemed Healthcare Inc.     2,115        14
* Cardiff Oncology Inc.     3,969        14
* Zenas Biopharma Inc.     1,498        14
* Septerna Inc.     1,508        14
* Lifecore Biomedical Inc.     1,923        13
  National Research Corp.       995        13
* 4D Molecular Therapeutics Inc.     3,503        13
* Quantum-Si Inc.     7,775        13
* Semler Scientific Inc.       316        13
* Tyra Biosciences Inc.     1,438        13
* MediWound Ltd.       610        13
* Upstream Bio Inc.     1,424        13
* Allogene Therapeutics Inc.     9,870        12
* Anika Therapeutics Inc.     1,066        12
* Omeros Corp.     3,823        12
  Utah Medical Products Inc.       224        12
* Compass Therapeutics Inc.     5,698        12
* DocGo Inc.     8,140        12
* Neurogene Inc.       722        12
* Alumis Inc.     3,502        12
* MBX Biosciences Inc.       933        12
* Esperion Therapeutics Inc.    13,284        11
* OptimizeRx Corp.       904        11
* Stereotaxis Inc.     5,369        11
* Phathom Pharmaceuticals Inc.     2,633        11
*,1 Inmune Bio Inc.     1,474        11
* Cargo Therapeutics Inc.     2,539        11
* Fate Therapeutics Inc.     8,193        10
* Inogen Inc.     1,612        10
* Puma Biotechnology Inc.     2,979        10
* Perspective Therapeutics Inc.     3,954        10
* Accuray Inc.     5,917         9
* Nektar Therapeutics    12,545         9
* Foghorn Therapeutics Inc.     2,231         9
* Design Therapeutics Inc.     2,331         9
* Candel Therapeutics Inc.     1,627         9
* Sight Sciences Inc.     2,547         9
* Sonida Senior Living Inc.       376         9
* Tango Therapeutics Inc.     3,858         9
* Third Harmonic Bio Inc.     1,689         9
* Enanta Pharmaceuticals Inc.     1,388         8
* Kodiak Sciences Inc.     2,453         8
* Pulmonx Corp.     2,489         8
* Invivyd Inc.     8,376         8
* OmniAb Inc.     6,631         8
* Biote Corp. Class A     2,342         8
* Cabaletta Bio Inc.     3,551         7
* Larimar Therapeutics Inc.     3,277         7
* Nkarta Inc.     3,786         7
* Pliant Therapeutics Inc.     4,871         7
* Innovage Holding Corp.     1,793         7
* Gyre Therapeutics Inc.       805         7
* Aldeyra Therapeutics Inc.     2,922         6
* Coherus Biosciences Inc.     7,172         6
* Ironwood Pharmaceuticals Inc.    10,199         6
* Cassava Sciences Inc.     3,097         6
*,1 ProKidney Corp.     7,728         6
* Cartesian Therapeutics Inc.       616         6
* Rapport Therapeutics Inc.       708         6
* Zentalis Pharmaceuticals Inc.     3,847         5
* C4 Therapeutics Inc.     4,120         5
* Greenwich Lifesciences Inc.       543         5
* Werewolf Therapeutics Inc.     3,969         5
* CVRx Inc.       707         5
* Solid Biosciences Inc.     1,629         5
* Neumora Therapeutics Inc.     7,069         5

    Shares Market
Value
($000)
* Korro Bio Inc.       428         5
* Lexeo Therapeutics Inc.     1,809         5
* Metagenomi Inc.     2,998         5
* Telomir Pharmaceuticals Inc.     2,322         5
* Renovaro Inc.    12,132         4
*,3 Tobira Therapeutics Inc. CVR       937         4
*,1 Biomea Fusion Inc.     2,502         4
* Quipt Home Medical Corp.     2,507         4
* Alto Neuroscience Inc.     1,655         4
* Hinge Health Inc. Class A        96         4
* Shattuck Labs Inc.     2,724         3
* Nautilus Biotechnology Inc.     3,922         3
* Sera Prognostics Inc. Class A     1,934         3
* Zura Bio Ltd.     3,461         3
* Mersana Therapeutics Inc.     7,272         2
* Akoya Biosciences Inc.     1,907         2
*,3 Inhibrx Inc. CVR     2,400         2
* Fibrobiologics Inc.     2,069         1
* Aardvark Therapeutics Inc.        78         1
*,3 OmniAb Inc. 12.5 Earnout       408        —
*,3 OmniAb Inc. 15 Earnout       408        —
              415,913
Industrials (13.1%)
  Visa Inc. Class A   134,384    49,076
  Mastercard Inc. Class A    63,624    37,258
  General Electric Co.    83,718    20,587
  Accenture plc Class A    48,868    15,482
  RTX Corp.   103,741    14,159
  Caterpillar Inc.    37,553    13,070
  American Express Co.    43,173    12,695
* Boeing Co.    58,134    12,052
  Honeywell International Inc.    50,621    11,474
  Union Pacific Corp.    47,471    10,522
  Automatic Data Processing Inc.    32,058    10,436
  GE Vernova Inc.    21,097     9,978
  Deere & Co.    19,422     9,833
  Eaton Corp. plc    30,649     9,814
  Capital One Financial Corp.    48,816     9,234
  Lockheed Martin Corp.    16,421     7,921
  Trane Technologies plc    17,610     7,577
* Fiserv Inc.    43,900     7,146
  Parker-Hannifin Corp.     9,971     6,628
  Sherwin-Williams Co.    18,193     6,528
  3M Co.    42,403     6,290
  TransDigm Group Inc.     4,226     6,206
  Cintas Corp.    26,843     6,080
  General Dynamics Corp.    21,201     5,904
  Illinois Tool Works Inc.    22,750     5,576
  United Parcel Service Inc. Class B (XNYS)    56,535     5,514
* PayPal Holdings Inc.    77,221     5,427
  Howmet Aerospace Inc.    31,205     5,301
  Emerson Electric Co.    44,354     5,295
  Johnson Controls International plc    51,228     5,193
  Northrop Grumman Corp.    10,636     5,156
  CRH plc    53,336     4,862
  CSX Corp.   149,516     4,723
  Carrier Global Corp.    64,963     4,625
  Norfolk Southern Corp.    17,474     4,318
* Axon Enterprise Inc.     5,608     4,208
  Paychex Inc.    24,943     3,939
  Quanta Services Inc.    11,034     3,780
  FedEx Corp.    17,238     3,760
  PACCAR Inc.    39,992     3,753
  WW Grainger Inc.     3,389     3,686
  United Rentals Inc.     5,110     3,620
  L3Harris Technologies Inc.    14,806     3,618
  Verisk Analytics Inc.    10,971     3,446
  Cummins Inc.    10,586     3,403
  Fidelity National Information Services Inc.    41,704     3,320

    Shares Market
Value
($000)
  AMETEK Inc.    17,887     3,197
* Fair Isaac Corp.     1,842     3,180
  Otis Worldwide Corp.    31,054     2,961
  Ferguson Enterprises Inc.    15,623     2,849
  Rockwell Automation Inc.     8,847     2,792
  Vulcan Materials Co.    10,418     2,762
  Westinghouse Air Brake Technologies Corp.    13,336     2,698
* Block Inc. (XNYS)    43,421     2,681
  Ingersoll Rand Inc. (XYNS)    31,289     2,554
  Martin Marietta Materials Inc.     4,621     2,530
  Equifax Inc.     9,406     2,485
  Old Dominion Freight Line Inc.    14,871     2,382
  Xylem Inc.    18,726     2,360
  DuPont de Nemours Inc.    32,680     2,183
* Keysight Technologies Inc.    13,353     2,097
  PPG Industries Inc.    18,026     1,997
  Veralto Corp.    19,012     1,921
  Dover Corp.    10,702     1,902
  Fortive Corp.    26,805     1,881
* Mettler-Toledo International Inc.     1,594     1,842
* Teledyne Technologies Inc.     3,566     1,779
  Synchrony Financial    30,422     1,754
  Smurfit WestRock plc    39,781     1,724
  EMCOR Group Inc.     3,570     1,685
* Corpay Inc.     5,159     1,677
  Amcor plc   176,238     1,606
  Hubbell Inc.     4,103     1,598
  Dow Inc.    54,915     1,523
  Global Payments Inc.    19,827     1,499
  Lennox International Inc.     2,485     1,403
  HEICO Corp. Class A     5,911     1,394
  Packaging Corp. of America     6,917     1,336
  Comfort Systems USA Inc.     2,774     1,327
* Trimble Inc.    18,527     1,320
  Carlisle Cos. Inc.     3,460     1,315
  TransUnion    15,181     1,300
  Snap-on Inc.     3,981     1,277
  Pentair plc    12,607     1,250
  Expeditors International of Washington Inc.    10,895     1,228
  Jacobs Solutions Inc.     9,678     1,222
  Ball Corp.    22,510     1,206
  Curtiss-Wright Corp.     2,711     1,193
  Watsco Inc.     2,641     1,171
* Zebra Technologies Corp. Class A     4,034     1,169
  Graco Inc.    13,192     1,117
  HEICO Corp.     3,713     1,113
  RPM International Inc.     9,777     1,113
  AECOM     9,994     1,098
  Textron Inc.    14,585     1,080
* Affirm Holdings Inc.    20,443     1,061
  Booz Allen Hamilton Holding Corp.     9,924     1,054
  IDEX Corp.     5,810     1,051
  Jack Henry & Associates Inc.     5,699     1,032
  Masco Corp.    16,457     1,027
* XPO Inc.     9,000     1,024
  Woodward Inc.     4,569       988
  Allegion plc     6,850       978
  ITT Inc.     6,464       973
  Nordson Corp.     4,440       941
  FTAI Aviation Ltd.     7,954       932
* Builders FirstSource Inc.     8,514       917
  Crown Holdings Inc.     9,103       897
  BWX Technologies Inc.     7,106       893
  JB Hunt Transport Services Inc.     6,388       887
  Owens Corning     6,607       885
  CH Robinson Worldwide Inc.     9,116       875
* API Group Corp.    18,386       858
  CNH Industrial NV    68,065       852
  nVent Electric plc    12,887       848
  Lincoln Electric Holdings Inc.     4,370       846

    Shares Market
Value
($000)
* Core & Main Inc. Class A    15,015       823
  AptarGroup Inc.     5,146       815
  Stanley Black & Decker Inc.    12,031       787
* MasTec Inc.     4,940       770
* ATI Inc.     9,497       756
  Tetra Tech Inc.    20,870       729
* Rocket Lab Corp.    26,734       716
  Allison Transmission Holdings Inc.     6,758       700
  Regal Rexnord Corp.     5,142       686
  Applied Industrial Technologies Inc.     2,985       676
  Huntington Ingalls Industries Inc.     3,032       676
* Paylocity Holding Corp.     3,420       653
* TopBuild Corp.     2,297       650
  Donaldson Co. Inc.     9,201       640
  Acuity Inc.     2,418       628
  Toro Co.     8,023       608
* Middleby Corp.     4,106       600
  Advanced Drainage Systems Inc.     5,426       597
  A O Smith Corp.     8,988       578
  Genpact Ltd.    13,400       577
  Crane Co.     3,340       572
* Generac Holdings Inc.     4,592       561
* AZEK Co. Inc.    11,135       551
* Saia Inc.     2,081       550
  Badger Meter Inc.     2,211       549
* Fluor Corp.    13,202       549
  WESCO International Inc.     3,234       543
  Esab Corp.     4,369       537
  Knight-Swift Transportation Holdings Inc.    12,011       532
  Simpson Manufacturing Co. Inc.     3,381       526
  Watts Water Technologies Inc. Class A     2,171       526
  Graphic Packaging Holding Co.    23,563       524
* Dycom Industries Inc.     2,264       521
* Chart Industries Inc.     3,315       520
  Armstrong World Industries Inc.     3,328       518
* SPX Technologies Inc.     3,400       517
* Axalta Coating Systems Ltd.    16,721       515
* ExlService Holdings Inc.    11,096       510
  Flowserve Corp.    10,178       508
* Kirby Corp.     4,515       500
  Valmont Industries Inc.     1,571       500
  Oshkosh Corp.     5,014       497
  AAON Inc.     5,163       497
  AGCO Corp.     4,966       487
  Fortune Brands Innovations Inc.     9,525       480
  Ryder System Inc.     3,210       472
  MSA Safety Inc.     2,856       465
* Aurora Innovation Inc.    76,059       461
  Air Lease Corp.     7,967       459
* Trex Co. Inc.     8,214       459
  Eagle Materials Inc.     2,257       456
  Louisiana-Pacific Corp.     4,996       450
  GATX Corp.     2,822       449
* FTI Consulting Inc.     2,729       448
* Shift4 Payments Inc. Class A     4,705       446
* Sterling Infrastructure Inc.     2,367       445
  MKS Inc.     5,329       438
  Federal Signal Corp.     4,566       430
  Vontier Corp.    11,994       429
* Kratos Defense & Security Solutions Inc.    11,537       426
* Mohawk Industries Inc.     4,225       425
  JBT Marel Corp.     3,671       421
* Knife River Corp.     4,468       420
* Itron Inc.     3,605       417
  Zurn Elkay Water Solutions Corp.    11,430       414
  Cognex Corp.    13,749       412
* WEX Inc.     3,036       404
  Moog Inc. Class A     2,159       400
* Gates Industrial Corp. plc    18,885       399
  CSW Industrials Inc.     1,279       391

    Shares Market
Value
($000)
  Landstar System Inc.     2,806       385
  Littelfuse Inc.     1,875       384
  WillScot Holdings Corp.    14,207       383
* AeroVironment Inc.     2,123       378
* Modine Manufacturing Co.     4,122       374
  Sealed Air Corp.    11,571       373
* ACI Worldwide Inc.     7,968       369
* GXO Logistics Inc.     8,957       368
  Robert Half Inc.     7,748       355
* Construction Partners Inc. Class A     3,385       354
* Euronet Worldwide Inc.     3,261       353
* Spirit AeroSystems Holdings Inc. Class A     9,336       349
  Silgan Holdings Inc.     6,312       348
  ESCO Technologies Inc.     1,902       345
* BILL Holdings Inc.     7,829       342
  Sonoco Products Co.     7,429       338
  Arcosa Inc.     3,804       328
  Belden Inc.     3,028       322
* Verra Mobility Corp.    13,223       313
  Granite Construction Inc.     3,493       312
* StoneCo. Ltd. Class A    22,805       311
  Primoris Services Corp.     4,304       310
  Sensata Technologies Holding plc    11,886       310
  Exponent Inc.     4,037       308
* Standard Aero Inc.    10,517       308
  Maximus Inc.     4,236       307
  Installed Building Products Inc.     1,921       306
  Mueller Water Products Inc. Class A    12,411       304
  Enpro Inc.     1,619       300
* Bloom Energy Corp. Class A    16,060       297
  Matson Inc.     2,608       294
  Kadant Inc.       934       293
  Brink's Co.     3,538       290
* Mirion Technologies Inc.    15,194       290
* Loar Holdings Inc.     3,315       289
  Franklin Electric Co. Inc.     3,331       288
* OSI Systems Inc.     1,301       285
  Korn Ferry     4,144       282
* CBIZ Inc.     3,855       278
  Herc Holdings Inc.     2,242       278
* Joby Aviation Inc.    34,540       270
  Brunswick Corp.     5,312       269
  ABM Industries Inc.     5,030       265
* Amentum Holdings Inc.    12,688       262
  Otter Tail Corp.     3,322       256
* Remitly Global Inc.    11,750       251
* Archer Aviation Inc. Class A    24,910       251
  MSC Industrial Direct Co. Inc. Class A     3,052       248
  Leonardo DRS Inc.     5,865       248
  HB Fuller Co.     4,410       246
  Boise Cascade Co.     2,825       245
  H&E Equipment Services Inc.     2,578       244
  EnerSys     2,897       242
* GMS Inc.     3,186       241
* Resideo Technologies Inc.    11,600       240
  Terex Corp.     5,325       240
  Western Union Co.    25,725       239
  Atmus Filtration Technologies Inc.     6,606       238
* Everus Construction Group Inc.     4,102       238
  Patrick Industries Inc.     2,575       221
  UniFirst Corp.     1,167       220
  McGrath RentCorp.     1,926       216
  TriNet Group Inc.     2,592       216
  Griffon Corp.     3,126       215
  AZZ Inc.     2,353       213
  Crane NXT Co.     3,974       213
  Argan Inc.     1,009       212
* Mercury Systems Inc.     4,286       211
  ADT Inc.    25,078       209
* Marqeta Inc. Class A    37,879       204

    Shares Market
Value
($000)
* MYR Group Inc.     1,282       201
* Huron Consulting Group Inc.     1,403       200
* WNS Holdings Ltd.     3,442       200
* RXO Inc.    12,757       198
* CoreCivic Inc.     8,913       196
  EVERTEC Inc.     5,225       189
  Atkore Inc.     2,851       186
  Insperity Inc.     2,867       186
  Enerpac Tool Group Corp.     4,312       185
  VSE Corp.     1,405       183
  Alight Inc. Class A    33,534       183
* AAR Corp.     2,799       172
* IES Holdings Inc.       658       171
  Trinity Industries Inc.     6,533       168
* ASGN Inc.     3,154       167
  Alamo Group Inc.       827       164
* O-I Glass Inc.    12,508       164
  Hub Group Inc. Class A     4,764       161
  ManpowerGroup Inc.     3,818       160
* Hayward Holdings Inc.    11,442       160
* Triumph Group Inc.     6,011       155
* Upwork Inc.     9,983       155
  Tecnoglass Inc.     1,797       154
* NCR Atleos Corp.     5,800       154
  REV Group Inc.     4,094       153
  Albany International Corp. Class A     2,193       145
* Gibraltar Industries Inc.     2,468       145
  Scorpio Tankers Inc.     3,609       143
  Standex International Corp.       933       141
* AvidXchange Holdings Inc.    13,945       137
  Pitney Bowes Inc.    13,095       135
  PagSeguro Digital Ltd. Class A    15,098       135
  Kennametal Inc.     6,240       134
* Sezzle Inc.     1,224       131
* Payoneer Global Inc.    18,991       129
  ICF International Inc.     1,494       128
* Tutor Perini Corp.     3,483       128
  Werner Enterprises Inc.     4,927       128
  Lindsay Corp.       908       127
  Powell Industries Inc.       746       127
  DHT Holdings Inc.    10,795       125
  International Seaways Inc.     3,180       118
  ArcBest Corp.     1,859       117
* Hillman Solutions Corp.    15,930       115
* Donnelley Financial Solutions Inc.     2,099       114
  Tennant Co.     1,518       113
  Hillenbrand Inc.     5,701       111
* Limbach Holdings Inc.       863       111
  Greenbrier Cos. Inc.     2,450       110
* Flywire Corp.     9,870       106
  CRA International Inc.       553       105
* Masterbrand Inc.    10,220       104
* NV5 Global Inc.     4,667       103
* Enovix Corp.    13,215       101
* Blue Bird Corp.     2,567        99
* Legalzoom.com Inc.    10,739        98
  Barrett Business Services Inc.     2,283        94
* PureCycle Technologies Inc.     9,864        94
* Janus International Group Inc.    11,476        94
  United States Lime & Minerals Inc.       881        91
  SFL Corp. Ltd.    10,439        90
  Teekay Tankers Ltd. Class A     2,031        90
  TriMas Corp.     3,329        88
  Greif Inc. Class B     1,436        87
  Schneider National Inc. Class B     3,751        87
* Astronics Corp.     2,614        82
* DXP Enterprises Inc.       996        82
  Helios Technologies Inc.     2,647        80
* Vicor Corp.     1,842        80
* First Advantage Corp.     4,685        80

    Shares Market
Value
($000)
  Napco Security Technologies Inc.     2,816        79
* BrightView Holdings Inc.     4,937        77
  Golden Ocean Group Ltd.     9,833        76
* Proto Labs Inc.     2,016        75
* American Woodmark Corp.     1,283        72
  Heidrick & Struggles International Inc.     1,646        72
* Ducommun Inc.     1,002        71
  Cadre Holdings Inc.     2,169        71
  Astec Industries Inc.     1,775        70
* Thermon Group Holdings Inc.     2,690        70
  Apogee Enterprises Inc.     1,749        68
* AMN Healthcare Services Inc.     3,105        66
  Marten Transport Ltd.     5,017        65
* Transcat Inc.       748        65
  Dorian LPG Ltd.     3,007        64
* Evolv Technologies Holdings Inc.    11,316        62
* Planet Labs PBC    16,151        62
1 FLEX LNG Ltd.     2,581        62
  Quanex Building Products Corp.     3,643        61
* Cimpress plc     1,367        61
* CECO Environmental Corp.     2,225        60
  Kforce Inc.     1,460        60
* Energy Recovery Inc.     4,589        58
* FARO Technologies Inc.     1,357        58
  Bel Fuse Inc. Class B       765        56
* Great Lakes Dredge & Dock Corp.     4,973        56
* Willdan Group Inc.     1,020        55
  FTAI Infrastructure Inc.     8,617        53
  Greif Inc. Class A       935        52
* V2X Inc.     1,142        52
* I3 Verticals Inc. Class A     2,081        51
  Deluxe Corp.     3,454        49
  Insteel Industries Inc.     1,413        49
  Douglas Dynamics Inc.     1,728        48
  Vestis Corp.     7,832        48
  Ennis Inc.     2,385        45
* Montrose Environmental Group Inc.     2,238        44
* BlueLinx Holdings Inc.       641        43
  Cass Information Systems Inc.     1,001        42
  Mesa Laboratories Inc.       397        40
  Nordic American Tankers Ltd.    15,071        40
  Genco Shipping & Trading Ltd.     3,052        40
* Pagaya Technologies Ltd. Class A     2,423        40
  Miller Industries Inc.       858        39
  Ardagh Metal Packaging SA     9,888        39
* Cross Country Healthcare Inc.     2,872        38
  Allient Inc.     1,199        36
* Green Dot Corp. Class A     3,857        36
  LSI Industries Inc.     2,216        36
* Manitowoc Co. Inc.     3,296        35
  Myers Industries Inc.     2,730        35
* Cantaloupe Inc.     4,230        35
* Titan International Inc.     4,743        34
  Hyster-Yale Inc.       827        33
  National Presto Industries Inc.       385        33
  Costamare Inc.     3,802        33
* ZipRecruiter Inc. Class A     5,596        33
  Teekay Corp. Ltd.     3,889        33
* Forward Air Corp.     1,912        32
  Willis Lease Finance Corp.       239        32
* Byrna Technologies Inc.     1,209        32
  Columbus McKinnon Corp.     2,128        31
* Conduent Inc.    13,894        31
  Covenant Logistics Group Inc.     1,377        31
  Wabash National Corp.     3,613        31
* Repay Holdings Corp.     6,396        31
* Centuri Holdings Inc.     1,505        31
* Intuitive Machines Inc.     2,669        30
* Aspen Aerogels Inc.     4,960        29
  Heartland Express Inc.     3,236        29

    Shares Market
Value
($000)
* Orion Group Holdings Inc.     3,498        29
  Ardmore Shipping Corp.     3,012        29
* Paysafe Ltd.     2,353        29
* Graham Corp.       718        28
  Gorman-Rupp Co.       736        27
  Kelly Services Inc. Class A     2,270        27
* International Money Express Inc.     2,430        27
  Shyft Group Inc.     2,543        27
* Titan Machinery Inc.     1,371        26
* CryoPort Inc.     4,209        25
* CompoSecure Inc. Class A     1,788        25
* JELD-WEN Holding Inc.     6,444        24
* Vishay Precision Group Inc.       928        24
* Bowman Consulting Group Ltd.       948        24
* Eve Holding Inc.     4,354        24
  Preformed Line Products Co.       161        23
* Atlanticus Holdings Corp.       462        23
* Redwire Corp.     1,601        23
* BlackSky Technology Inc.     2,058        23
* Hudson Technologies Inc.     3,145        22
  Park Aerospace Corp.     1,529        21
  Luxfer Holdings plc     1,767        20
* Franklin Covey Co.       826        19
  Quad / Graphics Inc.     3,187        19
* IBEX Holdings Ltd.       659        19
* Mayville Engineering Co. Inc.     1,188        19
  Karat Packaging Inc.       611        19
* Hyliion Holdings Corp.    10,961        17
* Custom Truck One Source Inc.     4,028        17
* Blade Air Mobility Inc.     4,858        17
  Park-Ohio Holdings Corp.       878        16
* Target Hospitality Corp.     2,207        16
  Universal Logistics Holdings Inc.       651        16
* Priority Technology Holdings Inc.     1,915        16
  Safe Bulkers Inc.     4,305        16
* AerSale Corp.     2,791        16
* Spire Global Inc.     1,566        16
  Information Services Group Inc.     3,256        15
* 3D Systems Corp.     9,178        14
* Radiant Logistics Inc.     2,268        13
  Resources Connection Inc.     2,449        13
* Performant Healthcare Inc.     4,180        13
* Himalaya Shipping Ltd.     2,120        13
* L B Foster Co. Class A       638        12
* Paysign Inc.     2,701        12
* TrueBlue Inc.     1,922        12
* Ranpak Holdings Corp.     3,411        11
* SoundThinking Inc.       693        11
* Advantage Solutions Inc.     9,015        11
* Sky Harbour Group Corp.     1,044        11
  Concrete Pumping Holdings Inc.     1,463        10
  Pangaea Logistics Solutions Ltd.     2,203        10
* Smith-Midland Corp.       321        10
* Mistras Group Inc.     1,253         9
* Proficient Auto Logistics Inc.     1,126         9
*,1 Virgin Galactic Holdings Inc.     2,940         9
* Core Molding Technologies Inc.       472         8
  Eastern Co.       376         8
  Alta Equipment Group Inc.     1,627         8
* Taylor Devices Inc.       216         8
* Costamare Bulkers Holdings Ltd.       853         8
* Ardagh Group SA       848         7
* VirTra Inc.     1,227         7
* Ultralife Corp.       899         6
* Karman Holdings Inc.       146         6
* Resolute Holdings Management Inc.       149         5
* Ispire Technology Inc.     1,245         3
              582,551

    Shares Market
Value
($000)
Other (0.0%)4
*,3 Aduro Biotech Inc. CVR       656        —
Real Estate (2.6%)
  Prologis Inc.    71,822     7,800
  American Tower Corp.    36,270     7,785
  Welltower Inc.    47,930     7,395
  Equinix Inc.     7,504     6,670
  Digital Realty Trust Inc.    25,688     4,406
  Simon Property Group Inc.    25,196     4,109
  Realty Income Corp.    67,493     3,821
  Public Storage    12,305     3,795
  Crown Castle Inc.    33,637     3,375
* CBRE Group Inc. Class A    23,447     2,931
  VICI Properties Inc.    81,951     2,599
  Extra Space Storage Inc.    16,146     2,440
* CoStar Group Inc.    32,114     2,362
  AvalonBay Communities Inc.    10,978     2,270
  Iron Mountain Inc.    22,762     2,247
  Equity Residential    29,642     2,079
  Ventas Inc.    32,343     2,079
  SBA Communications Corp.     8,382     1,944
  Invitation Homes Inc.    47,282     1,593
  Weyerhaeuser Co.    56,972     1,476
  Mid-America Apartment Communities Inc.     9,014     1,412
  Essex Property Trust Inc.     4,933     1,400
  Sun Communities Inc.     9,673     1,194
  Kimco Realty Corp.    50,452     1,073
  UDR Inc.    25,812     1,069
  WP Carey Inc.    17,040     1,069
  American Homes 4 Rent Class A    26,683     1,010
  Regency Centers Corp.    13,991     1,009
  Healthpeak Properties Inc.    54,753       953
  Camden Property Trust     8,097       951
  Alexandria Real Estate Equities Inc.    13,490       947
  Gaming & Leisure Properties Inc.    20,259       946
  Equity LifeStyle Properties Inc.    14,733       937
  Host Hotels & Resorts Inc.    54,784       849
* Jones Lang LaSalle Inc.     3,741       833
  BXP Inc.    12,259       825
  Lamar Advertising Co. Class A     6,765       815
  Omega Healthcare Investors Inc.    21,028       778
  CubeSmart    17,495       748
* Zillow Group Inc. Class C    10,703       718
  EastGroup Properties Inc.     3,808       646
  Federal Realty Investment Trust     6,572       628
  Rexford Industrial Realty Inc.    17,027       600
  Brixmor Property Group Inc.    23,400       595
  NNN REIT Inc.    14,174       592
  Agree Realty Corp.     7,550       569
  Vornado Realty Trust    13,602       512
  First Industrial Realty Trust Inc.    10,251       507
  STAG Industrial Inc.    13,743       489
  Ryman Hospitality Properties Inc.     4,555       442
  Terreno Realty Corp.     7,795       440
  Essential Properties Realty Trust Inc.    13,397       435
  CareTrust REIT Inc.    14,743       424
  American Healthcare REIT Inc.    12,072       422
  Healthcare Realty Trust Inc.    26,907       390
  Kite Realty Group Trust    17,136       379
  Americold Realty Trust Inc.    21,947       364
  Cousins Properties Inc.    12,675       356
* Zillow Group Inc. Class A     5,168       342
  EPR Properties     6,023       335
  Independence Realty Trust Inc.    17,982       334
  Phillips Edison & Co. Inc.     9,041       321
  SL Green Realty Corp.     5,635       320
  Macerich Co.    19,564       317
  Sabra Health Care REIT Inc.    17,157       300
  Kilroy Realty Corp.     8,815       284

    Shares Market
Value
($000)
* GEO Group Inc.    10,161       276
  Rayonier Inc.    11,616       275
  Millrose Properties Inc.     9,662       269
  Highwoods Properties Inc.     8,372       249
  Tanger Inc.     8,310       248
  National Health Investors Inc.     3,327       241
  PotlatchDeltic Corp.     6,117       241
  Broadstone Net Lease Inc.    15,125       241
  COPT Defense Properties     8,353       229
  HA Sustainable Infrastructure Capital Inc.     9,086       228
  Medical Properties Trust Inc.    48,230       220
  Apple Hospitality REIT Inc.    18,178       211
  Lineage Inc.     4,892       209
  Four Corners Property Trust Inc.     7,534       208
  LXP Industrial Trust    23,431       201
  National Storage Affiliates Trust     5,643       194
  Outfront Media Inc.    11,592       192
* Cushman & Wakefield plc    18,411       185
  Urban Edge Properties     9,691       176
* Howard Hughes Holdings Inc.     2,533       173
  Curbline Properties Corp.     7,584       172
  Park Hotels & Resorts Inc.    16,474       171
* Compass Inc. Class A    28,896       171
  Douglas Emmett Inc.    11,814       168
  Acadia Realty Trust     8,254       159
  InvenTrust Properties Corp.     5,388       151
  Sunstone Hotel Investors Inc.    16,177       145
  DigitalBridge Group Inc.    12,700       140
  St. Joe Co.     2,965       133
  Global Net Lease Inc.    16,898       131
  DiamondRock Hospitality Co.    16,968       130
  LTC Properties Inc.     3,561       126
  Innovative Industrial Properties Inc.     2,244       124
  Elme Communities     7,339       118
  Getty Realty Corp.     4,008       117
  Newmark Group Inc. Class A    10,453       115
  JBG SMITH Properties     6,475       111
  Alexander & Baldwin Inc.     6,067       109
  NETSTREIT Corp.     6,417       103
  Xenia Hotels & Resorts Inc.     8,152       100
* Redfin Corp.     9,756        97
  Veris Residential Inc.     6,313        96
  Paramount Group Inc.    15,926        96
  UMH Properties Inc.     5,624        94
  RLJ Lodging Trust    12,131        89
  Empire State Realty Trust Inc. Class A    11,423        88
  Pebblebrook Hotel Trust     9,587        88
  Uniti Group Inc.    20,075        86
  Apartment Investment & Management Co. Class A    10,611        85
  Centerspace     1,332        85
  Piedmont Office Realty Trust Inc. Class A    10,411        74
  American Assets Trust Inc.     3,634        72
  Easterly Government Properties Inc.     3,290        72
  Brandywine Realty Trust    14,084        60
  Safehold Inc.     3,851        58
  eXp World Holdings Inc.     6,681        57
  Plymouth Industrial REIT Inc.     3,463        56
  Kennedy-Wilson Holdings Inc.     8,642        55
  NexPoint Residential Trust Inc.     1,604        55
  Gladstone Commercial Corp.     3,673        53
  Diversified Healthcare Trust    16,657        52
  Whitestone REIT     4,150        51
  Armada Hoffler Properties Inc.     6,405        45
  Universal Health Realty Income Trust     1,124        45
  CBL & Associates Properties Inc.     1,753        44
  Farmland Partners Inc.     3,837        43
  CTO Realty Growth Inc.     2,303        42
  Peakstone Realty Trust REIT     3,314        41
  SITE Centers Corp.     3,427        41
  Community Healthcare Trust Inc.     2,407        39

    Shares Market
Value
($000)
  Marcus & Millichap Inc.     1,342        39
  Summit Hotel Properties Inc.     8,835        39
* NET Lease Office Properties     1,253        39
* Real Brokerage Inc.     8,928        37
  One Liberty Properties Inc.     1,487        36
  Alexander's Inc.       148        33
* Opendoor Technologies Inc.    51,037        33
* FRP Holdings Inc.     1,158        31
* Tejon Ranch Co.     1,834        31
  Global Medical REIT Inc.     4,697        30
  Saul Centers Inc.       866        29
* Forestar Group Inc.     1,486        28
  Gladstone Land Corp.     2,771        27
  Service Properties Trust    11,768        27
* Anywhere Real Estate Inc.     7,081        25
  Chatham Lodging Trust     3,272        23
  Postal Realty Trust Inc. Class A     1,613        22
  Hudson Pacific Properties Inc.     9,239        17
  RMR Group Inc. Class A     1,044        16
  Alpine Income Property Trust Inc.     1,042        16
  City Office REIT Inc.     3,154        15
  BRT Apartments Corp.       794        13
* Seaport Entertainment Group Inc.       557        11
  Braemar Hotels & Resorts Inc.     4,387        10
  Smartstop Self Storage REIT Inc.       265        10
  Strawberry Fields REIT Inc.       854         9
* Maui Land & Pineapple Co. Inc.       424         7
              113,827
Technology (34.0%)
  Microsoft Corp.   578,801   266,457
  NVIDIA Corp. 1,820,902   246,058
  Apple Inc. 1,146,533   230,281
  Meta Platforms Inc. Class A   170,476   110,381
  Broadcom Inc.   357,842    86,623
  Alphabet Inc. Class A   457,402    78,554
  Alphabet Inc. Class C   377,573    65,263
* Palantir Technologies Inc. Class A   159,966    21,080
  Oracle Corp.   124,330    20,580
  Salesforce Inc.    71,911    19,083
  International Business Machines Corp.    71,374    18,490
* ServiceNow Inc.    15,972    16,149
  Intuit Inc.    21,242    16,005
* Adobe Inc.    33,869    14,059
* Advanced Micro Devices Inc.   125,107    13,853
  Texas Instruments Inc.    70,839    12,953
  QUALCOMM Inc.    86,895    12,617
  Applied Materials Inc.    63,326     9,926
* Palo Alto Networks Inc.    50,280     9,675
* Crowdstrike Holdings Inc. Class A    17,869     8,423
  Amphenol Corp. Class A    91,629     8,240
  Analog Devices Inc.    38,505     8,239
  Micron Technology Inc.    85,589     8,085
  Lam Research Corp.    99,832     8,065
* AppLovin Corp. Class A    20,349     7,997
  KLA Corp.    10,349     7,833
* MicroStrategy Inc. Class A    17,942     6,622
  Intel Corp.   336,960     6,588
* Cadence Design Systems Inc.    21,165     6,076
* DoorDash Inc. Class A    27,407     5,718
* Synopsys Inc.    11,977     5,557
* Fortinet Inc.    49,002     4,987
* Snowflake Inc. Class A    24,162     4,969
* Autodesk Inc.    16,717     4,950
  Roper Technologies Inc.     8,295     4,730
* Workday Inc. Class A    16,429     4,070
  Marvell Technology Inc.    66,431     3,998
* Cloudflare Inc. Class A    23,512     3,900
  Cognizant Technology Solutions Corp. Class A    38,519     3,120
  Vertiv Holdings Co. Class A    27,990     3,021

    Shares Market
Value
($000)
  Corning Inc.    59,919     2,971
* Datadog Inc. Class A    23,487     2,769
* Atlassian Corp. Ltd. Class A    12,503     2,596
* Gartner Inc.     5,782     2,523
  Monolithic Power Systems Inc.     3,651     2,417
  Microchip Technology Inc.    41,468     2,407
  Dell Technologies Inc. Class C    21,575     2,401
* HubSpot Inc.     3,829     2,259
* ANSYS Inc.     6,822     2,257
* GoDaddy Inc. Class A    10,784     1,964
* Zscaler Inc.     7,118     1,962
* Tyler Technologies Inc.     3,324     1,918
  CDW Corp.    10,507     1,895
  HP Inc.    73,434     1,829
  Hewlett Packard Enterprise Co.   103,237     1,784
  VeriSign Inc.     6,441     1,755
* Zoom Communications Inc.    20,588     1,673
  Leidos Holdings Inc.    10,388     1,543
* PTC Inc.     9,135     1,538
* Toast Inc. Class A    36,422     1,536
  NetApp Inc.    15,476     1,535
* Super Micro Computer Inc. (XNGS)    38,203     1,529
* Nutanix Inc. Class A    19,715     1,512
* Pinterest Inc. Class A    46,272     1,440
* Twilio Inc. Class A    12,033     1,416
* Western Digital Corp.    27,237     1,404
  Jabil Inc.     8,315     1,397
* ON Semiconductor Corp.    33,159     1,393
* Docusign Inc.    15,675     1,389
* Guidewire Software Inc.     6,422     1,381
  SS&C Technologies Holdings Inc.    16,815     1,359
* Okta Inc.    12,671     1,307
* Pure Storage Inc. Class A    24,179     1,296
* F5 Inc.     4,484     1,280
* Dynatrace Inc.    23,306     1,259
  Gen Digital Inc. (XNGS)    41,671     1,187
* MongoDB Inc.     5,575     1,053
  Paycom Software Inc.     3,998     1,036
  Teradyne Inc.    12,269       964
* Akamai Technologies Inc.    11,738       891
* Manhattan Associates Inc.     4,631       874
  Skyworks Solutions Inc.    12,158       839
  Entegris Inc.    11,818       812
  Amdocs Ltd.     8,663       795
* Astera Labs Inc.     8,345       757
* EPAM Systems Inc.     4,293       749
* Coherent Corp.     9,813       742
* CACI International Inc. Class A     1,711       732
  TD SYNNEX Corp.     5,857       711
* Dayforce Inc.    11,663       689
* Kyndryl Holdings Inc.    17,578       686
* Credo Technology Group Holding Ltd.    10,855       662
* Fabrinet     2,785       649
* Unity Software Inc.    24,774       646
* IonQ Inc.    15,277       616
* Commvault Systems Inc.     3,328       610
  Match Group Inc.    19,953       597
* MACOM Technology Solutions Holdings Inc.     4,900       596
* Maplebear Inc.    12,821       586
* Procore Technologies Inc.     8,249       554
  KBR Inc.    10,511       549
* Elastic NV     6,768       547
* Qorvo Inc.     7,167       545
  Bentley Systems Inc. Class B    11,216       535
  Universal Display Corp.     3,614       518
* Dropbox Inc. Class A    17,030       491
* Lattice Semiconductor Corp.    10,565       475
* UiPath Inc. Class A    34,316       457
* Gitlab Inc. Class A     9,971       454
* Arrow Electronics Inc.     3,775       447

    Shares Market
Value
($000)
* Confluent Inc. Class A    19,195       442
  Science Applications International Corp.     3,769       435
* Rambus Inc.     8,106       433
* Box Inc. Class A    11,153       422
* Varonis Systems Inc.     8,711       415
* Cirrus Logic Inc.     4,144       408
* SPS Commerce Inc.     2,885       406
* Q2 Holdings Inc.     4,454       390
* Qualys Inc.     2,806       389
* SentinelOne Inc. Class A    21,395       377
* Appfolio Inc. Class A     1,731       366
* Sanmina Corp.     4,221       357
* Novanta Inc.     2,873       356
  Dolby Laboratories Inc. Class A     4,742       352
  Pegasystems Inc.     3,568       350
* Onto Innovation Inc.     3,802       350
* Sandisk Corp.     8,892       335
  Advanced Energy Industries Inc.     2,896       332
* CCC Intelligent Solutions Holdings Inc.    37,627       330
* Globant SA     3,241       318
  Avnet Inc.     6,253       313
* Tenable Holdings Inc.     9,422       304
* Silicon Laboratories Inc.     2,387       288
* Sitime Corp.     1,465       287
* Insight Enterprises Inc.     2,066       269
* Workiva Inc.     3,994       269
* GLOBALFOUNDRIES Inc.     7,460       267
* SoundHound AI Inc. Class A    26,323       266
* Plexus Corp.     1,992       261
* Freshworks Inc. Class A    16,308       249
* BlackLine Inc.     4,311       241
* TTM Technologies Inc.     8,075       241
* Parsons Corp.     3,638       236
* D-Wave Quantum Inc.    14,388       235
* C3.ai Inc. Class A     8,763       233
* Intapp Inc.     4,209       232
  Dun & Bradstreet Holdings Inc.    24,521       221
* Allegro MicroSystems Inc.     8,686       220
* Alarm.com Holdings Inc.     3,790       218
* DXC Technology Co.    14,351       218
* Cargurus Inc.     6,939       217
* Semtech Corp.     5,785       216
* Impinj Inc.     1,873       214
  Progress Software Corp.     3,376       208
  Concentrix Corp.     3,723       208
* ZoomInfo Technologies Inc.    21,493       205
  Power Integrations Inc.     4,082       203
* Blackbaud Inc.     3,223       201
* IAC Inc.     5,505       198
* Yelp Inc.     5,123       196
* AvePoint Inc.    10,251       191
* Rigetti Computing Inc.    15,492       188
* Zeta Global Holdings Corp. Class A    14,178       186
* FormFactor Inc.     6,151       184
* Synaptics Inc.     3,114       183
* Cleanspark Inc.    20,702       179
* Agilysys Inc.     1,662       176
* Braze Inc. Class A     4,755       175
* PAR Technology Corp.     2,650       174
* LiveRamp Holdings Inc.     5,279       172
  Clear Secure Inc. Class A     6,969       172
* RingCentral Inc. Class A     6,603       171
* Vertex Inc. Class A     4,284       170
  Amkor Technology Inc.     9,200       166
* Magnite Inc.    10,060       165
* nCino Inc.     6,144       162
* Diodes Inc.     3,620       161
* DoubleVerify Holdings Inc.    11,590       159
  CSG Systems International Inc.     2,394       158
* Five9 Inc.     5,976       158

    Shares Market
Value
($000)
* Ambarella Inc.     3,010       158
* Informatica Inc. Class A     6,493       156
* Core Scientific Inc.    14,496       154
* Teradata Corp.     6,954       153
* ePlus Inc.     2,117       151
* DigitalOcean Holdings Inc.     5,225       148
* IPG Photonics Corp.     2,198       146
* Axcelis Technologies Inc.     2,566       145
  Vishay Intertechnology Inc.    10,096       142
* Clarivate plc    33,014       139
  Kulicke & Soffa Industries Inc.     4,216       136
* NetScout Systems Inc.     5,695       130
*,1 Trump Media & Technology Group Corp.     6,098       130
* NCR Voyix Corp.    11,376       126
* Alkami Technology Inc.     4,336       124
* Asana Inc. Class A     6,518       117
  Adeia Inc.     9,006       116
* Rapid7 Inc.     4,939       113
* Xometry Inc. Class A     3,412       113
  Benchmark Electronics Inc.     2,934       107
* Appian Corp. Class A     3,319       105
* Applied Digital Corp.    15,336       105
* PagerDuty Inc.     7,189       103
* Ziff Davis Inc.     3,129       101
* Rogers Corp.     1,510       101
* Schrodinger Inc.     4,675       101
  A10 Networks Inc.     5,749        99
* Hut 8 Corp.     6,480        99
* Diebold Nixdorf Inc.     2,045        99
  CTS Corp.     2,332        95
* ACM Research Inc. Class A     3,974        90
* Sprout Social Inc. Class A     4,058        89
* Verint Systems Inc.     4,984        87
* Innodata Inc.     2,210        87
* Veeco Instruments Inc.     4,392        85
* Photronics Inc.     5,010        84
* Sprinklr Inc. Class A     9,298        78
* NextNav Inc.     6,195        78
  Sapiens International Corp. NV     2,685        77
* MaxLinear Inc.     6,660        76
* ScanSource Inc.     1,857        75
* Terawulf Inc.    21,388        75
* Penguin Solutions Inc.     4,177        74
* Olo Inc. Class A     8,486        74
* Amplitude Inc. Class A     5,901        73
* Fastly Inc. Class A     9,920        72
* Jamf Holding Corp.     6,788        71
* Blend Labs Inc. Class A    19,024        70
* Ultra Clean Holdings Inc.     3,522        68
* PROS Holdings Inc.     3,837        67
* Cohu Inc.     3,728        64
* Ibotta Inc. Class A     1,258        63
  PC Connection Inc.       954        62
* Grid Dynamics Holdings Inc.     4,609        58
* Couchbase Inc.     3,136        57
* Yext Inc.     7,965        53
* Vimeo Inc.    12,084        53
* Life360 Inc.       827        53
  OneSpan Inc.     3,254        52
* Ouster Inc.     4,261        52
* Cipher Mining Inc.    16,195        51
  Hackett Group Inc.     2,010        49
* nLight Inc.     3,246        49
* E2open Parent Holdings Inc.    15,259        49
* Navitas Semiconductor Corp.     9,651        49
* Daktronics Inc.     3,204        48
  Xerox Holdings Corp.     9,743        48
* N-able Inc.     6,102        48
* Groupon Inc.     1,606        47
* Angi Inc.     2,983        47

    Shares Market
Value
($000)
* PDF Solutions Inc.     2,530        45
  Simulations Plus Inc.     1,423        45
* Bumble Inc. Class A     7,938        45
* MeridianLink Inc.     2,649        44
* Domo Inc. Class B     3,397        43
* Alpha & Omega Semiconductor Ltd.     2,023        43
  Red Violet Inc.       895        43
* Ichor Holdings Ltd.     2,654        42
* Grindr Inc.     1,730        42
* EverQuote Inc. Class A     1,754        40
  Climb Global Solutions Inc.       359        40
* Kimball Electronics Inc.     2,173        39
  Shutterstock Inc.     2,123        39
*,1 indie Semiconductor Inc. Class A    14,316        38
* CEVA Inc.     1,992        37
* PubMatic Inc. Class A     3,169        37
* Consensus Cloud Solutions Inc.     1,649        36
* Mitek Systems Inc.     3,576        34
* Weave Communications Inc.     3,484        34
*,1 CoreWeave Inc. Class A       299        33
  NVE Corp.       448        32
* BigCommerce Holdings Inc. Series 1     6,133        31
* NerdWallet Inc. Class A     2,770        29
* Aeva Technologies Inc.     1,565        29
* Digital Turbine Inc.     5,920        28
* Unisys Corp.     5,903        28
* BigBear.ai Holdings Inc.     6,822        28
  Ingram Micro Holding Corp.     1,438        28
* Cerence Inc.     3,143        27
* SEMrush Holdings Inc. Class A     2,657        26
  Methode Electronics Inc.     3,159        25
* Bandwidth Inc. Class A     1,703        24
* Mediaalpha Inc. Class A     2,323        24
* Bit Digital Inc.     9,820        23
* Asure Software Inc.     2,258        22
* SkyWater Technology Inc.     2,182        20
* Kaltura Inc.     8,750        19
* Nextdoor Holdings Inc.    12,477        19
* TechTarget Inc.     2,377        19
  ReposiTrak Inc.       837        18
* Aehr Test Systems     1,923        18
*,1 MicroVision Inc.    14,665        16
* Backblaze Inc. Class A     2,846        16
* Digimarc Corp.     1,151        15
* Arteris Inc.     1,965        15
  Immersion Corp.     1,921        14
* Viant Technology Inc. Class A     1,006        14
* Eventbrite Inc. Class A     5,327        13
* Tucows Inc. Class A       649        13
* Definitive Healthcare Corp.     3,815        13
* SmartRent Inc.    15,486        13
* Getty Images Holdings Inc.     7,282        13
* Rimini Street Inc.     3,927        12
*,1 Wolfspeed Inc.    10,388        12
* Telos Corp.     3,974        10
* Everspin Technologies Inc.     1,607         9
* WM Technology Inc.     9,106         9
* Rekor Systems Inc.     6,833         8
* Vivid Seats Inc. Class A     5,372         8
  Richardson Electronics Ltd.       731         7
* AudioEye Inc.       529         6
* QuickLogic Corp.       987         5
* SailPoint Inc.       237         4
* FiscalNote Holdings Inc.     3,899         2
            1,506,244
Telecommunications (2.1%)
  Cisco Systems Inc.   310,936    19,601
  AT&T Inc.   558,363    15,523
  Verizon Communications Inc.   328,305    14,432

    Shares Market
Value
($000)
  Comcast Corp. Class A   291,616    10,081
  T-Mobile US Inc.    36,515     8,844
* Arista Networks Inc.    79,768     6,911
  Motorola Solutions Inc.    12,830     5,329
* Charter Communications Inc. Class A     7,140     2,829
  Juniper Networks Inc.    25,527       917
* Ciena Corp.    11,301       905
* Liberty Broadband Corp. Class C     8,199       769
* Roku Inc.     9,884       716
* Frontier Communications Parent Inc.    19,126       693
  InterDigital Inc.     1,905       414
* Lumentum Holdings Inc.     5,450       394
* Lumen Technologies Inc.    80,260       315
  Telephone & Data Systems Inc.     7,901       272
*,1 AST SpaceMobile Inc.    10,468       242
  Iridium Communications Inc.     9,087       231
* Calix Inc.     4,775       221
* EchoStar Corp. Class A     9,529       169
* Extreme Networks Inc.    10,378       163
* Viavi Solutions Inc.    17,781       162
  Cogent Communications Holdings Inc.     3,528       161
* Liberty Broadband Corp. Class A     1,734       161
* Liberty Global Ltd. Class A    13,540       130
  Ubiquiti Inc.       324       128
* Liberty Global Ltd. Class C    12,276       121
* CommScope Holding Co. Inc.    17,244       104
* fuboTV Inc.    26,425        97
* Digi International Inc.     2,878        93
* Viasat Inc.    10,475        91
* Harmonic Inc.     8,881        80
  IDT Corp. Class B     1,131        70
* Globalstar Inc.     3,751        69
  Cable One Inc.       460        67
* NETGEAR Inc.     2,068        61
* Gogo Inc.     5,113        54
* Liberty Latin America Ltd. Class C    10,634        53
* ADTRAN Holdings Inc.     6,549        53
* Applied Optoelectronics Inc.     3,265        50
  Shenandoah Telecommunications Co.     3,870        49
* Powerfleet Inc. NJ     8,083        37
* Clearfield Inc.       861        32
  Spok Holdings Inc.     1,795        29
* Xperi Inc.     3,264        25
* Ooma Inc.     1,790        24
* Anterix Inc.       881        23
* Ribbon Communications Inc.     6,111        21
* 8x8 Inc.    11,443        19
* WideOpenWest Inc.     3,435        15
* Aviat Networks Inc.       681        15
  ATN International Inc.       729        10
* Lightwave Logic Inc.     9,127         9
*,3 GCI Liberty Inc.     5,064        —
               92,084
Utilities (2.7%)
  NextEra Energy Inc.   159,980    11,301
  Southern Co.    85,385     7,685
  Waste Management Inc.    31,186     7,515
  Constellation Energy Corp.    24,486     7,496
  Duke Energy Corp.    60,128     7,078
  American Electric Power Co. Inc.    41,377     4,282
  Vistra Corp.    26,143     4,198
  Republic Services Inc.    15,953     4,105
  Sempra    49,108     3,859
  Dominion Energy Inc.    65,167     3,693
  Exelon Corp.    77,853     3,412
  Public Service Enterprise Group Inc.    38,763     3,141
  Xcel Energy Inc.    44,730     3,136
  PG&E Corp.   169,447     2,860
  Consolidated Edison Inc.    27,112     2,833

    Shares Market
Value
($000)
  Entergy Corp.    32,938     2,743
  WEC Energy Group Inc.    24,416     2,623
  NRG Energy Inc.    15,821     2,467
  DTE Energy Co.    15,984     2,184
  American Water Works Co. Inc.    15,177     2,170
  Ameren Corp.    20,779     2,013
  PPL Corp.    57,788     2,008
  FirstEnergy Corp.    45,041     1,889
  CenterPoint Energy Inc.    50,497     1,881
  Eversource Energy    28,769     1,865
  Atmos Energy Corp.    12,021     1,859
  Edison International    29,880     1,663
  CMS Energy Corp.    23,069     1,620
  NiSource Inc.    36,447     1,441
  Alliant Energy Corp.    19,740     1,228
  Evergy Inc.    16,936     1,125
* Clean Harbors Inc.     3,996       906
  Pinnacle West Capital Corp.     8,663       790
  Essential Utilities Inc.    19,438       749
  OGE Energy Corp.    15,293       680
  UGI Corp.    17,158       619
  National Fuel Gas Co.     7,022       580
* Casella Waste Systems Inc. Class A     4,894       574
  AES Corp.    55,112       556
  IDACORP Inc.     4,271       508
  Brookfield Infrastructure Corp. Class A (XTSE)     9,680       383
  TXNM Energy Inc.     6,711       380
  New Jersey Resources Corp.     7,814       359
  Southwest Gas Holdings Inc.     4,905       352
  Ormat Technologies Inc. (XNYS)     4,576       340
  Spire Inc.     4,477       337
  Portland General Electric Co.     7,864       333
  Black Hills Corp.     5,523       323
1 Brookfield Renewable Corp. (XTSE)    10,786       317
  ONE Gas Inc.     4,125       308
  ALLETE Inc.     4,239       276
  Northwestern Energy Group Inc.     4,906       271
  MDU Resources Group Inc.    15,148       260
  Avista Corp.     6,341       244
  MGE Energy Inc.     2,661       240
  American States Water Co.     3,008       237
  California Water Service Group     4,705       222
  Chesapeake Utilities Corp.     1,779       217
* NuScale Power Corp.     6,764       216
  Clearway Energy Inc. Class A     6,762       195
* Hawaiian Electric Industries Inc.    12,927       138
* Sunrun Inc.    17,786       133
  H2O America     2,449       129
  Northwest Natural Holding Co.     3,128       128
  Middlesex Water Co.     1,401        81
  Unitil Corp.     1,347        74
  Clearway Energy Inc. Class C     2,068        64
* Enviri Corp.     7,093        58
*,1 NANO Nuclear Energy Inc.     1,907        58
  Aris Water Solutions Inc. Class A     2,344        52
  Excelerate Energy Inc. Class A     1,447        41
  York Water Co.     1,148        38
  Consolidated Water Co. Ltd.     1,422        38
  Genie Energy Ltd. Class B     1,165        25
* Pure Cycle Corp.     1,650        18
* Arq Inc.     1,882         9
* Cadiz Inc.     2,631         8
* Net Power Inc.     1,534         3
              120,240
Total Common Stocks (Cost $3,045,605) 4,414,367
Warrants (0.0%)
*,1 Pulse Biosciences Inc. Exp. 6/27/29 (Cost $—)       120          1

    Shares Market
Value
($000)
Temporary Cash Investments (0.2%)
Money Market Fund (0.2%)
5,6 Vanguard Market Liquidity Fund, 4.342% (Cost $8,089)    80,896          8,089
Total Investments (99.9%) (Cost $3,053,694) 4,422,457
Other Assets and Liabilities—Net (0.1%) 3,922
Net Assets (100%) 4,426,379
Cost is in $000.
* Non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,071.
2 Security 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 May 31, 2025, the aggregate value was $77, representing 0.0% of net assets.
3 Security value determined using significant unobservable inputs.
4 “Other” represents securities that are not classified by the fund’s benchmark index.
5 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
6 Collateral of $1,311 was received for securities on loan.
  CVR—Contingent Value Rights.
  REIT—Real Estate Investment Trust.
  

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
E-mini Russell 2000 Index June 2025 14 1,448 79
E-mini S&P 500 Index June 2025 36 10,649 574
        653
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.

The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2025, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 4,414,354 7 6 4,414,367
Warrants 1 1
Temporary Cash Investments 8,089 8,089
Total 4,422,443 8 6 4,422,457
Derivative Financial Instruments        
Assets        
Futures Contracts1 653 653
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.