Vanguard® Institutional Total Stock Market Index Fund
Schedule of Investments (unaudited)
As of March 31, 2026
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 (99.4%)
Basic Materials (1.8%)
  Linde plc    223,443    110,774
  Newmont Corp. (XNYS)    523,615     56,681
  Freeport-McMoRan Inc.    694,417     40,818
  Ecolab Inc.    122,418     32,566
  Air Products & Chemicals Inc.    107,736     31,296
  Fastenal Co.    556,691     25,830
  Nucor Corp.    103,931     17,575
  Steel Dynamics Inc.     67,314     12,116
  Royal Gold Inc.     40,726     10,364
  Albemarle Corp.     56,755     10,189
  LyondellBasell Industries NV Class A    123,894      9,981
  CF Industries Holdings Inc.     73,945      9,601
  International Paper Co.    254,131      9,072
  Carpenter Technology Corp.     22,819      8,994
  International Flavors & Fragrances Inc.    116,491      8,451
  Alcoa Corp.    126,917      8,418
* RBC Bearings Inc.     15,169      8,239
  Reliance Inc.     24,911      7,571
  Avery Dennison Corp.     36,831      6,360
  Mueller Industries Inc.     53,473      5,925
  Solstice Advanced Materials Inc.     76,522      5,828
  Hecla Mining Co.    305,163      5,685
* Coeur Mining Inc.    278,874      5,234
  Eastman Chemical Co.     54,139      4,132
  Element Solutions Inc.    116,266      3,969
  Mosaic Co.    152,143      3,880
* MP Materials Corp.     76,257      3,680
  Celanese Corp.     54,366      3,576
  Commercial Metals Co.     52,951      3,253
* Uranium Energy Corp.    231,525      3,126
  Timken Co.     29,685      2,985
  Hexcel Corp.     36,274      2,936
  Balchem Corp.     15,226      2,580
  UFP Industries Inc.     26,789      2,468
  NewMarket Corp.      3,824      2,451
* Cleveland-Cliffs Inc.    273,074      2,307
* Energy Fuels Inc.    113,907      2,079
  Cabot Corp.     25,253      1,902
  Westlake Corp.     15,161      1,771
  Sensient Technologies Corp.     20,425      1,765
* Perimeter Solutions Inc.     67,926      1,659
* Century Aluminum Co.     27,931      1,639
  Olin Corp.     54,276      1,614
  Chemours Co.     72,921      1,606
  Avient Corp.     43,233      1,569
  Materion Corp.     10,107      1,462
  Hawkins Inc.      9,336      1,434
* USA Rare Earth Inc.     94,330      1,428
  Scotts Miracle-Gro Co.     21,276      1,294
* Ingevity Corp.     16,539      1,178
  Ashland Inc.     20,889      1,162
  Minerals Technologies Inc.     15,585      1,105
  Huntsman Corp.     81,858      1,089
  FMC Corp.     61,305      1,056
  Innospec Inc.     11,525        842
  Kaiser Aluminum Corp.      6,744        813
  Quaker Chemical Corp.      6,518        810
* Hycroft Mining Holding Corp. Class A     22,834        804
* Ecovyst Inc.     56,623        728
  Sylvamo Corp.     15,323        647

    Shares Market
Value
($000)
* Ivanhoe Electric Inc.     52,166        617
  Worthington Steel Inc.     18,552        563
  Stepan Co.     10,544        527
  Tronox Holdings plc     53,149        519
*,1 US Antimony Corp.     59,106        516
* i-80 Gold Corp.    331,577        504
  Ryerson Holding Corp.     22,113        497
* Compass Minerals International Inc.     20,539        480
* LSB Industries Inc.     26,690        398
  Koppers Holdings Inc.      9,663        374
* Rayonier Advanced Materials Inc.     32,703        362
* Dakota Gold Corp.     69,059        349
* NWPX Infrastructure Inc.      4,371        340
  AdvanSix Inc.     12,617        308
* Intrepid Potash Inc.      6,539        280
* Ur-Energy Inc.    179,872        268
* Metallus Inc.     15,642        256
  Mativ Holdings Inc.     28,931        252
* ASP Isotopes Inc.     49,304        218
* Idaho Strategic Resources Inc.      6,349        204
* American Battery Technology Co.     66,522        186
* Alto Ingredients Inc.     36,043        174
* Magnera Corp.     18,003        171
* Contango Silver & Gold Inc.      6,917        130
* Clearwater Paper Corp.      7,167        103
* Tredegar Corp.     12,894        102
* Gold Resource Corp.     76,570         92
* Perma-Pipe International Holdings Inc.      2,910         87
* US Gold Corp.      5,405         82
* Comstock Inc.     26,854         82
  Omega Flex Inc.      2,473         77
  Friedman Industries Inc.      4,101         73
* GrafTech International Ltd.     10,499         71
* Ascent Industries Co.      4,767         63
* Paramount Gold Nevada Corp.     37,711         63
* Westwater Resources Inc.     95,238         62
* Ampco-Pittsburgh Corp.      8,333         56
* American Vanguard Corp.     16,868         42
* CPS Technologies Corp.      8,850         33
* Unifi Inc.      8,861         32
* Solesence Inc.      8,543          8
                529,988
Consumer Discretionary (13.5%)
* Amazon.com Inc.  4,656,176    969,742
* Tesla Inc.  1,356,683    504,347
  Walmart Inc.  2,112,433    262,533
  Costco Wholesale Corp.    213,785    213,022
* Netflix Inc.  2,035,319    195,696
  Home Depot Inc.    479,670    157,759
  McDonald's Corp.    342,510    106,449
  TJX Cos. Inc.    535,737     85,557
  Walt Disney Co.    854,018     82,310
* Uber Technologies Inc.    991,816     71,341
  Booking Holdings Inc.     15,264     64,266
  Lowe's Cos. Inc.    270,346     63,877
  Starbucks Corp.    549,685     49,246
* O'Reilly Automotive Inc.    407,195     37,588
  Ross Stores Inc.    156,060     33,807
  Hilton Worldwide Holdings Inc.    110,505     33,602
  Marriott International Inc. Class A    102,202     33,427
  General Motors Co.    436,803     32,542
  Royal Caribbean Cruises Ltd.    117,077     32,217
* Warner Bros Discovery Inc.  1,135,504     31,181
  NIKE Inc. Class B    577,891     30,524
* AutoZone Inc.      7,968     26,914
  Target Corp.    217,983     26,420
  Electronic Arts Inc.    120,961     24,660
* Airbnb Inc. Class A    184,301     23,274
  Ford Motor Co.  1,884,918     21,752

    Shares Market
Value
($000)
  Delta Air Lines Inc.    316,076     21,013
  Yum! Brands Inc.    134,231     20,870
* Carvana Co.     65,198     20,497
* Chipotle Mexican Grill Inc.    625,650     20,027
  eBay Inc.    215,261     19,593
  Garmin Ltd.     78,668     18,252
  DR Horton Inc.    125,071     17,162
* Roblox Corp. Class A    302,240     17,095
* Take-Two Interactive Software Inc.     84,370     16,663
* United Airlines Holdings Inc.    157,975     14,545
* Copart Inc.    419,353     13,923
  Carnival Corp.    534,572     13,835
  Tapestry Inc.     97,236     13,721
  Expedia Group Inc.     56,329     13,006
  Dollar General Corp.    106,153     12,604
* Live Nation Entertainment Inc.     79,107     12,065
  Tractor Supply Co.    252,364     11,432
  Omnicom Group Inc.    148,706     11,199
* Ulta Beauty Inc.     21,321     11,145
  Darden Restaurants Inc.     55,270     10,835
  PulteGroup Inc.     91,718     10,787
  Williams-Sonoma Inc.     57,152     10,421
* Dollar Tree Inc.     90,735      9,936
* Burlington Stores Inc.     30,391      9,889
* Liberty Media Corp.-Liberty Formula One Class C    109,286      9,291
  Southwest Airlines Co.    235,960      8,865
  RB Global Inc. (XTSE)     89,104      8,541
* NVR Inc.      1,294      8,527
  Estee Lauder Cos. Inc. Class A    118,278      8,489
  Rollins Inc.    149,882      8,005
  Las Vegas Sands Corp.    145,818      7,857
* Lululemon Athletica Inc.     51,132      7,828
  Lennar Corp. Class A     87,174      7,570
* Aptiv plc    102,270      7,102
  Somnigroup International Inc.     95,965      7,094
  Genuine Parts Co.     66,476      7,030
* Flutter Entertainment plc     67,224      6,853
* Deckers Outdoor Corp.     68,103      6,816
* Rivian Automotive Inc. Class A    443,348      6,672
  Hasbro Inc.     67,850      6,351
  New York Times Co. Class A     74,918      6,273
  Best Buy Co. Inc.     97,382      6,252
* BJ's Wholesale Club Holdings Inc.     62,752      6,176
  Toll Brothers Inc.     45,199      6,168
  Ralph Lauren Corp.     17,750      6,106
  Dick's Sporting Goods Inc.     30,416      6,031
* Five Below Inc.     26,385      6,028
  TKO Group Holdings Inc.     29,770      6,003
  News Corp. Class A    228,187      5,689
  BorgWarner Inc. (XNYS)     99,982      5,425
  Domino's Pizza Inc.     14,730      5,285
  Service Corp. International     63,982      5,279
  Texas Roadhouse Inc.     31,688      5,233
  Fox Corp. Class A     88,330      5,158
  Aramark    126,058      5,110
* DraftKings Inc. Class A    224,588      4,856
* Trade Desk Inc. Class A    212,453      4,821
* GameStop Corp. Class A    192,821      4,443
* Norwegian Cruise Line Holdings Ltd.    217,742      4,072
  Murphy USA Inc.      7,953      3,929
* Cava Group Inc.     47,258      3,823
  Wynn Resorts Ltd.     37,364      3,794
* Wayfair Inc. Class A     49,905      3,753
  LKQ Corp.    121,864      3,579
* American Airlines Group Inc.    316,446      3,399
  VF Corp.    189,272      3,216
  Pool Corp.     15,619      3,160
* MGM Resorts International     85,055      3,148
* Chewy Inc. Class A    114,268      3,085
* Dutch Bros Inc. Class A     60,672      3,074

    Shares Market
Value
($000)
* AutoNation Inc.     15,701      3,066
* CarMax Inc.     72,863      3,030
  Fox Corp. Class B     56,732      3,012
* Brinker International Inc.     20,829      2,974
  Wyndham Hotels & Resorts Inc.     36,409      2,958
  Lear Corp.     24,263      2,938
* SiteOne Landscape Supply Inc.     21,520      2,865
* Planet Fitness Inc. Class A     38,044      2,830
  Gap Inc.    116,080      2,809
  Lithia Motors Inc.     11,114      2,775
* Madison Square Garden Sports Corp.      8,473      2,723
* Ollie's Bargain Outlet Holdings Inc.     29,533      2,718
  Hyatt Hotels Corp. Class A     18,603      2,675
* Floor & Decor Holdings Inc. Class A     51,726      2,628
* Versant Media Group Inc.     69,535      2,574
* Liberty Live Holdings Inc. Class C     27,108      2,551
* Taylor Morrison Home Corp.     43,736      2,547
  Churchill Downs Inc.     28,239      2,537
  Nexstar Media Group Inc.     13,893      2,512
* Caesars Entertainment Inc.     92,057      2,433
* Lyft Inc. Class A    180,791      2,405
  U-Haul Holding Co.     53,406      2,386
  Gentex Corp.    106,338      2,323
  Boyd Gaming Corp.     28,013      2,302
  Vail Resorts Inc.     17,923      2,300
* Mattel Inc.    157,888      2,294
  Atmus Filtration Technologies Inc.     38,865      2,206
  Macy's Inc.    121,491      2,198
* Boot Barn Holdings Inc.     14,722      2,155
* Etsy Inc.     43,112      2,155
* Grand Canyon Education Inc.     12,607      2,144
* Bright Horizons Family Solutions Inc.     25,848      2,123
* Laureate Education Inc.     59,496      2,073
  Wingstop Inc.     13,329      2,066
  Sirius XM Holdings Inc.     88,222      2,036
* Valvoline Inc.     60,285      2,030
* Alaska Air Group Inc.     55,143      2,028
* Champion Homes Inc.     27,022      2,010
* Abercrombie & Fitch Co. Class A     21,534      1,968
  Rush Enterprises Inc. Class A     29,511      1,951
  PriceSmart Inc.     12,929      1,946
  Thor Industries Inc.     24,171      1,931
  H&R Block Inc.     60,333      1,915
  Dana Inc.     56,597      1,904
* Urban Outfitters Inc.     29,943      1,897
  Kontoor Brands Inc.     26,899      1,891
  Travel & Leisure Co.     27,007      1,869
* Crocs Inc.     22,344      1,855
* Asbury Automotive Group Inc.      9,434      1,843
  Bath & Body Works Inc.     98,152      1,832
* Frontdoor Inc.     34,608      1,829
* Cavco Industries Inc.      3,736      1,809
* Victoria's Secret & Co.     38,481      1,784
* Duolingo Inc.     18,028      1,777
  Meritage Homes Corp.     28,699      1,775
* Covista Inc.     15,320      1,766
  Academy Sports & Outdoors Inc.     31,247      1,764
* SkyWest Inc.     19,089      1,753
  Group 1 Automotive Inc.      5,300      1,752
  Warner Music Group Corp. Class A     67,540      1,725
* Tri Pointe Homes Inc.     36,854      1,722
* Life Time Group Holdings Inc.     63,169      1,702
* Stride Inc.     19,106      1,685
* Shake Shack Inc. Class A     18,661      1,651
* e.l.f. Beauty Inc.     27,108      1,643
  Whirlpool Corp.     30,461      1,642
  Graham Holdings Co. Class B      1,549      1,638
  Signet Jewelers Ltd.     18,652      1,579
  Advance Auto Parts Inc.     29,108      1,535
  Lennar Corp. Class B     18,252      1,535

    Shares Market
Value
($000)
* Sphere Entertainment Co.     12,813      1,504
* OPENLANE Inc.     50,992      1,486
  PVH Corp.     21,174      1,477
* M/I Homes Inc.     11,941      1,462
  LCI Industries     11,873      1,460
  Cinemark Holdings Inc.     49,971      1,425
  Polaris Inc.     25,808      1,407
* QuantumScape Corp.    216,091      1,379
* Dorman Products Inc.     13,145      1,372
  Paramount Skydance Corp. Class B    151,688      1,368
  KB Home     26,053      1,348
* YETI Holdings Inc.     36,529      1,337
  Red Rock Resorts Inc. Class A     24,870      1,327
  Choice Hotels International Inc.     12,154      1,258
  American Eagle Outfitters Inc.     71,666      1,197
  Phinia Inc.     17,473      1,196
  Penske Automotive Group Inc.      7,870      1,177
  Cheesecake Factory Inc.     21,234      1,163
  Steven Madden Ltd.     34,144      1,158
  Acushnet Holdings Corp.     12,303      1,150
*,1 Avis Budget Group Inc.      7,855      1,146
  Visteon Corp.     12,547      1,143
  Perdoceo Education Corp.     30,611      1,139
  HNI Corp.     33,118      1,106
* Lionsgate Studios Corp.    114,806      1,101
* Madison Square Garden Entertainment Corp.     18,522      1,091
* Hilton Grand Vacations Inc.     27,600      1,080
  Harley-Davidson Inc.     52,082      1,053
* Rush Street Interactive Inc.     47,736      1,038
* Liberty Live Holdings Inc. Class A     11,054      1,013
* National Vision Holdings Inc.     38,998      1,010
* RH      7,030        983
* Knowles Corp.     37,736        969
* Capri Holdings Ltd.     54,812        966
* Green Brick Partners Inc.     14,828        956
* Callaway Golf Co.     68,710        954
* Atlanta Braves Holdings Inc. Class C     22,324        953
  Marriott Vacations Worldwide Corp.     14,433        940
* Penn Entertainment Inc.     61,035        917
* Universal Technical Institute Inc.     24,623        889
* Liberty Media Corp.-Liberty Formula One Class A     11,224        876
* Goodyear Tire & Rubber Co.    126,966        842
* Under Armour Inc. Class C    145,133        840
  Levi Strauss & Co. Class A     44,652        826
  Strategic Education Inc.      9,874        819
* Peloton Interactive Inc. Class A    187,437        804
  Dillard's Inc. Class A      1,377        788
  Buckle Inc.     15,331        772
* Sonos Inc.     56,361        755
  Interparfums Inc.      8,187        744
* Six Flags Entertainment Corp.     41,744        741
* Red Cat Holdings Inc.     55,179        722
  Worthington Enterprises Inc.     13,807        720
* Central Garden & Pet Co. Class A     21,926        711
  Newell Brands Inc.    205,722        706
  Century Communities Inc.     12,148        697
  Interface Inc.     27,769        692
* Arlo Technologies Inc.     47,221        672
  Kohl's Corp.     50,625        653
  John Wiley & Sons Inc. Class A     17,129        653
  Winmark Corp.      1,527        653
  Wolverine World Wide Inc.     39,760        649
* JetBlue Airways Corp.    145,837        645
* Figs Inc. Class A     43,605        644
  News Corp. Class B     22,335        637
  Carter's Inc.     17,586        629
* Dauch Corp.    103,859        616
  La-Z-Boy Inc.     19,170        616
  Monarch Casino & Resort Inc.      6,310        603
* Sally Beauty Holdings Inc.     43,546        603

    Shares Market
Value
($000)
* TripAdvisor Inc.     56,547        603
* Allegiant Travel Co.      7,393        599
  Leggett & Platt Inc.     60,521        598
  Columbia Sportswear Co.     10,873        596
*,1 Lucid Group Inc.     61,413        585
* Lincoln Educational Services Corp.     14,267        580
  Wendy's Co.     77,335        537
  Papa John's International Inc.     15,440        500
  G-III Apparel Group Ltd.     17,930        497
  MillerKnoll Inc.     34,308        496
  PROG Holdings Inc.     17,286        496
* XPEL Inc.     11,107        492
  Upbound Group Inc.     27,192        491
* USA TODAY Co. Inc.     68,492        483
* RealReal Inc.     52,649        478
  Sonic Automotive Inc. Class A      6,870        471
* American Public Education Inc.      8,096        461
* Sun Country Airlines Holdings Inc.     26,650        440
* Global Business Travel Group I     77,857        434
* Coursera Inc.     70,917        413
* Pursuit Attractions & Hospitality Inc.     11,131        408
* Revolve Group Inc.     17,802        403
* Lindblad Expeditions Holdings Inc.     22,906        396
  Gold.com Inc.      9,840        394
* Gentherm Inc.     14,034        390
* Eastman Kodak Co.     42,898        388
  Winnebago Industries Inc.     12,524        388
* LGI Homes Inc.      9,789        387
* First Watch Restaurant Group Inc.     36,245        380
  Standard Motor Products Inc.     10,755        374
  Scholastic Corp.      9,385        367
* Mister Car Wash Inc.     51,757        361
* Driven Brands Holdings Inc.     28,588        360
* ACV Auctions Inc. Class A     82,653        350
* Coty Inc. Class A    173,454        349
  Matthews International Corp. Class A     13,259        342
* Accel Entertainment Inc.     30,946        338
* BJ's Restaurants Inc.      9,556        335
* United Parks & Resorts Inc.     10,010        327
* Fox Factory Holding Corp.     19,530        321
  Cracker Barrel Old Country Store Inc.     11,208        315
* QuinStreet Inc.     26,153        314
  Sturm Ruger & Co. Inc.      7,820        314
  Smith & Wesson Brands Inc.     21,822        313
  Carriage Services Inc.      6,751        308
* Stagwell Inc.     48,990        308
* Liquidity Services Inc.     10,056        307
* Clear Channel Outdoor Holdings Inc.    123,578        293
*,1 Hertz Global Holdings Inc.     63,157        291
  Golden Entertainment Inc.     10,238        273
* Sabre Corp.    186,933        271
* Beazer Homes USA Inc.     13,951        268
  Ethan Allen Interiors Inc.     11,933        266
* Portillo's Inc. Class A     49,866        264
* AMC Entertainment Holdings Inc. Class A    258,634        253
* MarineMax Inc.      9,153        248
* ThredUP Inc. Class A     75,279        247
  Oxford Industries Inc.      6,379        246
* Sweetgreen Inc. Class A     47,446        246
* Hovnanian Enterprises Inc. Class A      2,181        242
* Cooper-Standard Holdings Inc.      8,624        240
* Udemy Inc.     51,765        239
* Kura Sushi USA Inc. Class A      3,313        231
* Malibu Boats Inc. Class A      8,843        229
  Monro Inc.     14,116        226
  Rocky Brands Inc.      5,820        225
  Global Industrial Co.      7,143        225
  Sinclair Inc.     17,313        224
  Build-A-Bear Workshop Inc.      5,949        223
  Marcus Corp.     12,690        218

    Shares Market
Value
($000)
* Atlanta Braves Holdings Inc. Class A      4,515        213
* Unusual Machines Inc.     17,028        211
  Bloomin' Brands Inc.     37,326        202
  Camping World Holdings Inc. Class A     28,975        198
* Cars.com Inc.     23,740        193
  Rush Enterprises Inc. Class B      2,993        193
* McGraw Hill Inc.     13,982        192
* Daily Journal Corp.        396        191
* El Pollo Loco Holdings Inc.     13,066        181
* Clean Energy Fuels Corp.     72,373        179
  Caleres Inc.     16,862        178
* Dream Finders Homes Inc. Class A     12,624        176
* iHeartMedia Inc. Class A     57,474        168
  Gray Media Inc.     38,307        166
* Stitch Fix Inc. Class A     49,885        165
* Helen of Troy Ltd.     11,217        162
  Haverty Furniture Cos. Inc.      7,606        161
  Arhaus Inc.     23,748        161
* Genesco Inc.      5,529        160
* Central Garden & Pet Co.      4,329        159
  Movado Group Inc.      6,457        158
* Dave & Buster's Entertainment Inc.     14,117        153
* Savers Value Village Inc.     20,546        153
* Boston Omaha Corp. Class A     13,006        152
  Shoe Carnival Inc.      9,489        148
* MNTN Inc. Class A     16,793        148
* Frontier Group Holdings Inc.     40,655        144
  Krispy Kreme Inc.     42,492        144
* Strattec Security Corp.      1,814        142
  Dine Brands Global Inc.      5,373        141
* Turtle Beach Corp.     13,793        140
* America's Car-Mart Inc.     10,943        139
* MasterCraft Boat Holdings Inc.      6,720        138
* Fossil Group Inc.     31,352        135
  Arko Corp.     24,317        135
* Bed Bath & Beyond Inc.     28,924        134
* Corsair Gaming Inc.     24,202        134
* Citi Trends Inc.      2,947        128
  Nathan's Famous Inc.      1,272        128
* Latham Group Inc.     23,834        128
* AMC Networks Inc. Class A     18,298        124
* EW Scripps Co. Class A     32,454        121
* XMAX Inc.     16,129        117
* Biglari Holdings Inc. Class B        351        116
  Johnson Outdoors Inc. Class A      2,459        114
  JAKKS Pacific Inc.      5,593        111
* Lovesac Co.      7,412        109
  Entravision Communications Corp. Class A     36,515        108
  Weyco Group Inc.      3,381        108
* Tron Inc.     46,083        105
* Petco Health & Wellness Co. Inc.     37,359        104
* Outdoor Holding Co.     51,858        104
* Legacy Housing Corp.      4,822         99
* Virtuix Holdings Inc. Class A     14,682         99
* Holley Inc.     32,007         98
*,1 Allied Gaming & Entertainment Inc.    352,983         97
* Zumiez Inc.      4,353         96
* Black Rock Coffee Bar Inc. Class A      7,396         96
* Jack in the Box Inc.      9,828         95
* Bob's Discount Furniture Inc.      8,105         95
* European Wax Center Inc. Class A     16,274         94
* Xponential Fitness Inc. Class A     15,487         93
  Flexsteel Industries Inc.      2,043         92
  Designer Brands Inc. Class A     15,949         91
  Hooker Furnishings Corp.      7,095         91
* SES AI Corp.     94,998         91
* Venu Holding Corp.     26,913         89
  Superior Group of Cos. Inc.      8,482         86
  Bassett Furniture Industries Inc.      6,109         86
  National CineMedia Inc.     28,352         86

    Shares Market
Value
($000)
* Off The Hook YS Inc.     41,322         82
  Cricut Inc. Class A     21,524         81
* Reading International Inc. Class A     69,598         79
* Stoneridge Inc.     16,348         79
*,1 Vuzix Corp.     33,724         78
  RCI Hospitality Holdings Inc.      3,384         77
* Barnes & Noble Education Inc.      8,711         77
* Motorcar Parts of America Inc.      6,878         76
* Starz Entertainment Corp.      6,639         76
* Lands' End Inc.      6,583         74
  Escalade Inc.      4,178         72
1 Lucky Strike Entertainment Corp.      8,030         67
* Smith Douglas Homes Corp.      5,184         66
* Bally's Corp.      6,471         62
* Funko Inc. Class A     19,445         61
* Envela Corp.      3,526         59
* Thryv Holdings Inc.     21,346         58
* Legacy Education Inc.      4,627         58
  Hamilton Beach Brands Holding Co. Class A      2,948         56
  Lifetime Brands Inc.      9,682         56
  Virco Mfg. Corp.      9,017         55
* OneWater Marine Inc. Class A      5,707         54
  Clarus Corp.     19,494         53
* Chegg Inc.     65,563         49
* Urban One Inc.      8,820         48
  CuriosityStream Inc.     15,610         46
* GoPro Inc. Class A     56,652         44
* Kewaunee Scientific Corp.      1,292         44
* Full House Resorts Inc.     19,223         43
* 1-800-Flowers.com Inc. Class A     12,233         37
* KinderCare Learning Cos. Inc.     16,859         37
* Blink Charging Co.     64,030         36
* NN Inc.     23,764         34
* Cato Corp. Class A     11,392         32
* Castellum Inc.     48,544         29
* Rent the Runway Inc. Class A      5,944         28
* LiveOne Inc.      5,494         28
* Sportsman's Warehouse Holdings Inc.     19,340         27
* Traeger Inc.        925         27
* Surf Air Mobility Inc.     19,901         23
* Playstudios Inc.     47,290         22
* Leslie's Inc.     18,450         21
* Wheels Up Experience Inc.     39,161         20
* Sleep Number Corp.     10,661         19
*,1 Faraday Future Intelligent Electric Inc.     50,677         14
* Teads Holding Co.     19,238         13
* QVC Group Inc.      4,372          9
*,2 Lubys Inc.     14,037          4
* Century Casinos Inc.      1,729          2
*,2 SRAX Inc.      7,380          1
              4,086,724
Consumer Staples (3.6%)
  Procter & Gamble Co.  1,120,391    161,829
  Coca-Cola Co.  1,657,648    126,064
  Philip Morris International Inc.    750,214    124,040
  PepsiCo Inc.    658,334    102,233
  Altria Group Inc.    805,421     53,150
  McKesson Corp.     59,017     51,071
  CVS Health Corp.    612,174     43,966
  Mondelez International Inc. Class A    616,931     35,560
  Colgate-Palmolive Co.    386,438     32,936
  Cencora Inc.     88,991     27,956
  Corteva Inc.    329,374     27,572
* Monster Beverage Corp.    329,122     23,848
  Kroger Co.    273,703     19,805
  Archer-Daniels-Midland Co.    232,430     16,895
  Sysco Corp.    230,237     16,423
  Keurig Dr Pepper Inc.    620,937     16,349
  Kenvue Inc.    922,820     15,909

    Shares Market
Value
($000)
  Kimberly-Clark Corp.    160,323     15,466
  Hershey Co.     71,340     14,831
  Casey's General Stores Inc.     17,779     12,941
  Church & Dwight Co. Inc.    113,541     10,596
  Constellation Brands Inc. Class A     66,227      9,934
* US Foods Holding Corp.    105,870      9,762
  General Mills Inc.    257,886      9,599
  Bunge Global SA     74,537      9,481
  Kraft Heinz Co.    400,796      9,014
  Tyson Foods Inc. Class A    136,674      8,757
  McCormick & Co. Inc.    122,718      6,190
* Performance Food Group Co.     71,988      6,167
  Clorox Co.     57,900      6,000
  Coca-Cola Consolidated Inc.     27,258      5,226
* Darling Ingredients Inc.     75,695      4,682
  J M Smucker Co.     48,328      4,661
  Brown-Forman Corp. Class B    141,790      3,749
  Conagra Brands Inc.    229,674      3,610
* Sprouts Farmers Market Inc.     45,205      3,487
  Ingredion Inc.     30,944      3,486
* Celsius Holdings Inc.     92,412      3,279
  Hormel Foods Corp.    144,424      3,271
  Molson Coors Beverage Co. Class B     74,076      3,190
  Albertsons Cos. Inc. Class A    171,229      2,918
  Lamb Weston Holdings Inc.     67,028      2,833
  Campbell's Co.    100,074      2,229
  Primo Brands Corp.    115,116      2,168
* Post Holdings Inc.     19,206      1,899
  Cal-Maine Foods Inc.     19,585      1,550
* Freshpet Inc.     23,406      1,380
  Marzetti Co.      9,465      1,309
* United Natural Foods Inc.     28,356      1,278
  WD-40 Co.      6,228      1,270
* Vita Coco Co. Inc.     23,383      1,120
  Andersons Inc.     15,300      1,098
* Chefs' Warehouse Inc.     18,081      1,075
* BellRing Brands Inc.     57,737        929
  Pilgrim's Pride Corp.     23,455        886
* Boston Beer Co. Inc. Class A      3,664        844
  Turning Point Brands Inc.      9,060        786
  Fresh Del Monte Produce Inc.     19,059        767
  Spectrum Brands Holdings Inc.     10,236        754
  Flowers Foods Inc.     85,642        698
* Herbalife Ltd.     46,193        680
  Seaboard Corp.        120        679
  Ingles Markets Inc. Class A      7,387        664
  Universal Corp.     11,569        610
* Simply Good Foods Co.     41,746        599
  J & J Snack Foods Corp.      7,118        564
  Reynolds Consumer Products Inc.     26,345        558
  Brown-Forman Corp. Class A     20,348        545
  Energizer Holdings Inc.     32,269        530
  Edgewell Personal Care Co.     23,214        495
* Guardian Pharmacy Services Inc. Class A     12,438        468
  Weis Markets Inc.      6,265        428
  Tootsie Roll Industries Inc.      9,320        398
* National Beverage Corp.     11,526        388
* Grocery Outlet Holding Corp.     46,929        331
  Oil-Dri Corp. of America      5,064        330
* Seneca Foods Corp. Class A      2,171        328
  John B Sanfilippo & Son Inc.      3,582        284
* Mission Produce Inc.     20,192        278
* Mama's Creations Inc.     17,798        273
* Honest Co. Inc.     81,406        239
  Utz Brands Inc.     29,088        230
* Vital Farms Inc.     16,080        227
  B&G Foods Inc.     42,512        205
  Village Super Market Inc. Class A      4,856        205
  Calavo Growers Inc.      7,922        204
  Nu Skin Enterprises Inc. Class A     21,926        160

    Shares Market
Value
($000)
  Natural Grocers by Vitamin Cottage Inc.      5,815        150
  MGP Ingredients Inc.      7,751        143
*,1 Beyond Meat Inc.    203,076        142
* Nature's Sunshine Products Inc.      5,896        141
  ACCO Brands Corp.     41,861        126
* Olaplex Holdings Inc.     61,606        125
  Limoneira Co.      9,063        122
  Alico Inc.      2,942        121
* Westrock Coffee Co.     26,832        114
* Zevia PBC Class A     95,710        112
* USANA Health Sciences Inc.      6,277        110
* Once Upon a Farm PBC      6,115        100
* Medifast Inc.      6,610         67
* Mannatech Inc.     10,785         65
* Cibus Inc.     30,652         61
* Playboy Inc.     35,714         54
* Beauty Health Co.     50,397         45
* Lifeway Foods Inc.      2,100         41
* HF Foods Group Inc.     21,622         40
* Hain Celestial Group Inc.     50,282         35
* GrowGeneration Corp.     27,460         30
* BRC Inc. Class A     25,375         20
  Lifevantage Corp.      4,244         18
              1,103,658
Energy (4.3%)
  Exxon Mobil Corp.  2,007,788    340,641
  Chevron Corp.    913,274    188,956
  ConocoPhillips    589,187     77,773
  Williams Cos. Inc.    588,567     42,836
  EOG Resources Inc.    257,989     37,297
  SLB Ltd.    720,415     37,022
  Valero Energy Corp.    144,476     35,697
  Phillips 66    193,204     35,198
  Marathon Petroleum Corp.    142,359     34,761
  Kinder Morgan Inc.    910,104     30,516
  Baker Hughes Co.    476,169     29,070
  ONEOK Inc.    303,419     27,426
  Cheniere Energy Inc.     96,370     27,346
  Targa Resources Corp.    103,292     25,898
  Occidental Petroleum Corp.    355,662     23,118
  EQT Corp.    300,109     19,099
  Diamondback Energy Inc.     94,973     18,785
  Devon Energy Corp.    302,553     15,224
  Halliburton Co.    363,154     14,159
  Texas Pacific Land Corp.     28,213     13,389
  TechnipFMC plc    192,988     13,341
  Expand Energy Corp.    115,499     12,679
  Coterra Energy Inc.    348,330     12,240
* First Solar Inc.     48,936      9,653
* Nextpower Inc. Class A     67,661      8,157
  Ovintiv Inc. (XNYS)    135,765      8,059
  Permian Resources Corp. Class A    369,925      7,887
  APA Corp.    169,391      7,189
  DT Midstream Inc.     48,985      6,597
* Antero Resources Corp.    143,879      6,106
  Range Resources Corp.    113,222      5,115
  HF Sinclair Corp.     74,572      4,653
  Viper Energy Inc. Class A     93,255      4,382
  Chord Energy Corp.     27,413      3,898
  Antero Midstream Corp.    163,532      3,729
  SM Energy Co.    113,929      3,552
  Matador Resources Co.     53,283      3,366
  NOV Inc.    175,066      3,293
  Weatherford International plc     34,405      3,254
* Transocean Ltd. (XNYS)    483,525      3,206
  Noble Corp. plc     60,753      2,981
  Archrock Inc.     79,574      2,769
  California Resources Corp.     39,882      2,761
  Murphy Oil Corp.     64,460      2,659

    Shares Market
Value
($000)
* Valaris Ltd.     27,018      2,649
  Magnolia Oil & Gas Corp. Class A     83,391      2,633
* CNX Resources Corp.     64,402      2,483
  Core Natural Resources Inc.     23,467      2,458
  Kodiak Gas Services Inc.     41,419      2,416
  Warrior Met Coal Inc.     25,127      2,341
* Enphase Energy Inc.     59,591      2,253
  Liberty Energy Inc.     74,269      2,139
  Patterson-UTI Energy Inc.    186,110      2,016
  PBF Energy Inc. Class A     41,873      1,994
  Peabody Energy Corp.     58,972      1,943
* Oceaneering International Inc.     48,353      1,715
* Tidewater Inc.     20,174      1,686
  Crescent Energy Co. Class A    123,095      1,662
* Gulfport Energy Corp.      7,353      1,556
  Helmerich & Payne Inc.     42,942      1,547
  Cactus Inc. Class A     32,574      1,543
* Plug Power Inc.    672,385      1,520
* Centrus Energy Corp. Class A      8,625      1,497
* Calumet Inc.     40,256      1,445
  Northern Oil & Gas Inc.     49,049      1,434
* Par Pacific Holdings Inc.     21,630      1,355
* Seadrill Ltd.     29,581      1,346
  Delek US Holdings Inc.     28,218      1,272
  Solaris Energy Infrastructure Inc.     22,334      1,262
  Kinetik Holdings Inc.     23,901      1,157
* DNOW Inc.     86,710      1,033
* Alpha Metallurgical Resources Inc.      4,931      1,012
* Sable Offshore Corp.     60,711      1,003
  Venture Global Inc. Class A     60,149        948
* Expro Group Holdings NV     51,822        902
* Talos Energy Inc.     53,491        843
  Select Water Solutions Inc.     53,970        826
* Comstock Resources Inc.     35,482        748
* ProPetro Holding Corp.     50,623        729
* Helix Energy Solutions Group Inc.     70,315        695
* American Superconductor Corp.     20,292        687
* REX American Resources Corp.     14,528        662
  Bristow Group Inc.     12,836        602
* Innovex International Inc.     23,485        573
* NPK International Inc.     39,439        571
  Atlas Energy Solutions Inc.     41,487        544
* Nabors Industries Ltd. (XNYS)      6,313        543
* Array Technologies Inc.     74,674        540
* Shoals Technologies Group Inc. Class A     79,557        523
* CVR Energy Inc.     14,957        503
* Green Plains Inc.     30,019        494
* TETRA Technologies Inc.     57,600        491
  World Kinect Corp.     20,731        478
* BKV Corp.     15,574        444
* Fluence Energy Inc.     32,108        442
* NextDecade Corp.     55,635        426
* Solv Energy Inc. Class A     14,202        426
* T1 Energy Inc.     86,121        378
  RPC Inc.     51,950        368
* Ameresco Inc. Class A     14,233        363
* Ramaco Resources Inc. Class A     22,886        354
  VAALCO Energy Inc.     55,242        350
* Oil States International Inc.     28,677        334
* Gevo Inc.    115,366        315
  SunCoke Energy Inc.     45,316        295
  Flowco Holdings Inc. Class A     13,762        283
  Vitesse Energy Inc.     14,700        267
* Solid Power Inc.     84,377        253
  Riley Exploration Permian Inc.      6,849        250
* Forum Energy Technologies Inc.      4,217        247
  SandRidge Energy Inc.     15,088        246
  Core Laboratories Inc.     13,767        231
  Granite Ridge Resources Inc.     36,751        216
  Natural Gas Services Group Inc.      5,648        213

    Shares Market
Value
($000)
  W&T Offshore Inc.     55,570        189
* Energy Vault Holdings Inc.     53,913        178
* Summit Midstream Corp.      5,860        177
* Matrix Service Co.     15,338        176
* FuelCell Energy Inc.     24,972        163
  Ranger Energy Services Inc. Class A      9,200        158
* SunPower Inc.    120,696        153
* Ring Energy Inc.     93,437        143
* Amplify Energy Corp.     20,536        128
* Infinity Natural Resources Inc. Class A      6,867        121
* EVgo Inc.     63,127        109
* SEACOR Marine Holdings Inc.     15,015        108
* American Resources Corp.     44,221        107
* Barnwell Industries Inc.     95,238        103
  NACCO Industries Inc. Class A      1,970        102
  HighPeak Energy Inc.     13,383         92
* Flotek Industries Inc.      5,426         92
  Evolution Petroleum Corp.     19,157         88
* Aemetis Inc.     26,868         86
* Tigo Energy Inc.     22,077         83
* Geospace Technologies Corp.      5,745         70
  FutureFuel Corp.     17,913         69
* DMC Global Inc.     12,511         65
  Energy Services of America Corp.      4,900         64
  Smart Sand Inc.     10,894         56
*,1 New Fortress Energy Inc.     89,528         53
*,1 ChargePoint Holdings Inc.     10,902         53
* MIND Technology Inc.      5,249         44
* Montauk Renewables Inc.     36,146         42
* OPAL Fuels Inc. Class A     16,129         41
* Stem Inc.      4,672         41
* New Era Energy & Digital Inc.      9,792         40
* Ocean Power Technologies Inc.     85,395         30
* ARKO Petroleum Corp.      1,371         25
* FTC Solar Inc.      5,330         20
* Ideal Power Inc.      6,716         19
* Empire Petroleum Corp. (XASE)      6,370         19
*,1 Battalion Oil Corp.      2,694         10
*,2 Novusterra Inc.      2,222         —
              1,289,027
Financials (10.5%)
* Berkshire Hathaway Inc. Class B    837,105    401,141
  JPMorgan Chase & Co.  1,226,250    360,714
  Bank of America Corp.  3,000,995    146,299
  Wells Fargo & Co.  1,489,759    118,600
  Goldman Sachs Group Inc.    135,673    114,778
  Morgan Stanley    573,991     94,462
  Citigroup Inc. (XNYS)    813,899     92,304
  Charles Schwab Corp.    802,543     75,423
  Blackrock Inc.     67,522     64,937
  S&P Global Inc.    140,210     59,637
  Progressive Corp.    282,466     55,996
  Chubb Ltd.    169,850     55,359
  CME Group Inc.    173,321     51,190
  Intercontinental Exchange Inc.    273,346     42,992
  Blackstone Inc.    356,469     40,990
  PNC Financial Services Group Inc.    194,555     40,485
  Marsh & McLennan Cos. Inc.    233,402     40,484
  Bank of New York Mellon Corp.    332,516     39,446
  US Bancorp    751,534     39,087
  Moody's Corp.     72,717     31,723
  Aon plc Class A (XNYS)     97,888     31,596
  Travelers Cos. Inc.    104,403     30,452
  KKR & Co. Inc.    323,156     29,892
  Truist Financial Corp.    604,620     27,794
  Arthur J Gallagher & Co.    123,598     26,769
* Robinhood Markets Inc. Class A    379,963     26,331
  Allstate Corp.    125,332     25,986
  Aflac Inc.    223,334     24,502

    Shares Market
Value
($000)
* Berkshire Hathaway Inc. Class A         34     24,417
  Apollo Global Management Inc.    194,347     21,654
  Nasdaq Inc.    246,009     20,884
  Fifth Third Bancorp    432,570     20,097
  Ameriprise Financial Inc.     43,820     19,474
  American International Group Inc.    257,861     19,404
  MetLife Inc.    267,418     18,912
  MSCI Inc.     33,557     18,088
  Hartford Insurance Group Inc.    132,963     17,981
* Coinbase Global Inc. Class A    101,895     17,792
  Prudential Financial Inc.    168,104     16,422
  State Street Corp.    127,766     16,170
* Arch Capital Group Ltd.    163,263     15,672
  Huntington Bancshares Inc.    993,550     15,549
  M&T Bank Corp.     71,807     14,844
  Cboe Global Markets Inc.     50,406     14,168
  Interactive Brokers Group Inc. Class A    203,915     13,677
  Willis Towers Watson plc     45,392     13,195
  Raymond James Financial Inc.     84,132     12,181
  Northern Trust Corp.     84,673     11,818
  Cincinnati Financial Corp.     74,707     11,755
  Citizens Financial Group Inc.    194,748     11,679
  LPL Financial Holdings Inc.     38,564     11,601
* Markel Group Inc.      5,757     11,019
  Ares Management Corp. Class A    100,700     10,986
  Regions Financial Corp.    415,854     10,862
  KeyCorp    534,476     10,716
* SoFi Technologies Inc.    612,320      9,724
  T Rowe Price Group Inc.    104,698      9,437
  Principal Financial Group Inc.    104,012      9,373
  Broadridge Financial Solutions Inc.     56,292      9,146
  W R Berkley Corp.    137,259      9,098
  Brown & Brown Inc.    138,526      9,033
  Loews Corp.     79,743      8,512
  First Citizens BancShares Inc. Class A      3,938      7,422
  Annaly Capital Management Inc.    350,713      7,418
  East West Bancorp Inc.     66,079      7,055
  Tradeweb Markets Inc. Class A     55,914      6,579
  Reinsurance Group of America Inc. Class A     31,725      6,477
  Everest Group Ltd.     19,357      6,327
* Rocket Cos. Inc. Class A    439,973      6,270
  Pinnacle Financial Partners Inc.     72,676      6,260
  RenaissanceRe Holdings Ltd.     20,917      6,217
  Carlyle Group Inc.    120,835      5,847
  Fidelity National Financial Inc.    123,298      5,719
  First Horizon Corp.    241,522      5,497
* Circle Internet Group Inc.     57,261      5,463
  AGNC Investment Corp.    542,265      5,439
  Unum Group     74,410      5,434
  Evercore Inc. Class A     18,114      5,407
  Webster Financial Corp.     77,879      5,406
  Globe Life Inc.     38,199      5,316
  Ally Financial Inc.    133,744      5,247
  Assurant Inc.     24,051      5,239
  Equitable Holdings Inc.    139,790      5,188
  Stifel Financial Corp.     69,901      5,167
  Invesco Ltd.    201,823      4,902
  American Financial Group Inc.     35,798      4,572
  Wintrust Financial Corp.     32,373      4,498
  Southstate Bank Corp.     46,747      4,325
  Old Republic International Corp.    106,673      4,256
  Popular Inc.     31,633      4,244
  SEI Investments Co.     52,608      4,128
  Zions Bancorp NA     71,427      4,116
  Cullen / Frost Bankers Inc.     29,147      3,995
  Columbia Banking System Inc.    143,087      3,925
  Primerica Inc.     15,394      3,856
  FactSet Research Systems Inc.     17,611      3,821
  Houlihan Lokey Inc.     26,177      3,760
  UMB Financial Corp.     32,887      3,709

    Shares Market
Value
($000)
  Old National Bancorp    167,303      3,697
  Kinsale Capital Group Inc.     10,635      3,634
  Axis Capital Holdings Ltd.     35,594      3,610
  Franklin Resources Inc.    150,083      3,545
  Jackson Financial Inc. Class A     33,429      3,534
  Western Alliance Bancorp     49,742      3,524
  Affiliated Managers Group Inc.     12,170      3,367
* Clearwater Analytics Holdings Inc. Class A    141,888      3,356
  FirstCash Holdings Inc.     17,783      3,343
  Commerce Bancshares Inc.     66,959      3,294
  Lincoln National Corp.     92,096      3,269
  Janus Henderson Group plc     63,345      3,254
  Prosperity Bancshares Inc.     46,399      3,117
  Corebridge Financial Inc.    128,588      3,068
  Erie Indemnity Co. Class A     12,182      3,061
  OneMain Holdings Inc.     57,133      3,056
  Voya Financial Inc.     43,752      2,989
  Blue Owl Capital Inc.    316,517      2,890
  Starwood Property Trust Inc.    166,093      2,860
  Jefferies Financial Group Inc.     68,597      2,831
  FNB Corp.    169,243      2,830
  Glacier Bancorp Inc.     63,135      2,820
  MarketAxess Holdings Inc.     17,059      2,814
  First American Financial Corp.     46,411      2,798
  United Bankshares Inc.     67,170      2,782
  Valley National Bancorp    223,988      2,751
  MGIC Investment Corp.    101,591      2,667
  TPG Inc.     65,554      2,656
  Rithm Capital Corp.    276,682      2,623
  RLI Corp.     45,784      2,612
  White Mountains Insurance Group Ltd.      1,176      2,584
* StoneX Group Inc.     31,975      2,579
  Hanover Insurance Group Inc.     14,829      2,571
  Essent Group Ltd.     43,372      2,535
  Hancock Whitney Corp.     39,856      2,534
* Chime Financial Inc. Class A    132,685      2,485
  Piper Sandler Cos.     32,212      2,466
  Atlantic Union Bankshares Corp.     68,380      2,444
  Ameris Bancorp     30,998      2,418
  Home BancShares Inc.     89,455      2,409
  Bank OZK     51,205      2,350
  Lazard Inc.     53,943      2,291
  Radian Group Inc.     66,493      2,200
* Axos Financial Inc.     25,707      2,187
  Selective Insurance Group Inc.     28,614      2,157
  Moelis & Co. Class A     37,207      2,121
* Lemonade Inc.     33,671      2,110
  Flagstar Bank NA    156,858      2,066
* Texas Capital Bancshares Inc.     21,499      2,040
  Federated Hermes Inc.     35,587      2,018
  Eastern Bankshares Inc.    101,612      1,988
* Riot Platforms Inc.    160,189      1,980
  SLM Corp.     91,107      1,951
  Hamilton Lane Inc. Class A     19,036      1,892
  Ryan Specialty Holdings Inc.     55,340      1,867
  Fulton Financial Corp.     91,135      1,854
  Associated Banc-Corp.     71,182      1,841
  StepStone Group Inc. Class A     37,842      1,806
  International Bancshares Corp.     26,518      1,784
  Independent Bank Corp. (XNGS)     23,699      1,782
  United Community Banks Inc.     56,527      1,780
  CNO Financial Group Inc.     43,329      1,779
  ServisFirst Bancshares Inc.     24,015      1,749
  Assured Guaranty Ltd.     21,329      1,738
  Morningstar Inc.     10,210      1,726
  BGC Group Inc. Class A    175,043      1,712
  Virtu Financial Inc. Class A     38,890      1,710
  First Financial Bankshares Inc.     56,878      1,675
  PJT Partners Inc. Class A     11,806      1,650
  First BanCorp (XNYS)     76,471      1,633

    Shares Market
Value
($000)
* Brighthouse Financial Inc.     27,217      1,630
  Renasant Corp.     45,007      1,626
* Galaxy Digital Inc. Class A     87,332      1,611
  WesBanco Inc.     46,601      1,607
  BankUnited Inc.     35,197      1,589
  WSFS Financial Corp.     24,112      1,578
  Victory Capital Holdings Inc. Class A     24,025      1,573
* Palomar Holdings Inc.     13,049      1,559
  Cathay General Bancorp     30,984      1,545
* Genworth Financial Inc.    188,672      1,532
* Enova International Inc.     11,268      1,531
  Community Financial System Inc.     25,027      1,468
  First Hawaiian Inc.     59,172      1,458
  Simmons First National Corp. Class A     74,984      1,458
  Blackstone Mortgage Trust Inc. Class A     75,383      1,444
  Seacoast Banking Corp. of Florida     47,443      1,437
  Bread Financial Holdings Inc.     19,081      1,429
  First Interstate BancSystem Inc. Class A     42,623      1,424
* MARA Holdings Inc.    170,444      1,391
* NMI Holdings Inc.     36,877      1,383
  Bank of Hawaii Corp.     18,532      1,376
* Oscar Health Inc. Class A    118,955      1,364
  Towne Bank     39,569      1,332
  Nicolet Bankshares Inc.      8,895      1,322
  CVB Financial Corp.     67,088      1,301
  First Financial Bancorp     44,120      1,230
  Provident Financial Services Inc.     58,044      1,228
  Beacon Financial Corp.     40,630      1,219
  Mercury General Corp.     13,824      1,219
  BancFirst Corp.     11,212      1,216
  Banc of California Inc.     69,165      1,216
  PennyMac Financial Services Inc.     13,739      1,201
  Trustmark Corp.     27,708      1,168
  WaFd Inc.     37,145      1,166
  Artisan Partners Asset Management Inc. Class A     31,525      1,147
  Park National Corp.      6,965      1,138
  Dynex Capital Inc.     88,746      1,132
  First Bancorp / Southern Pines NC     19,772      1,114
  BOK Financial Corp.      8,606      1,102
  First Merchants Corp.     28,069      1,087
* SiriusPoint Ltd.     49,394      1,064
* Bancorp Inc.     19,470      1,046
* Upstart Holdings Inc.     39,499      1,013
  Banner Corp.     16,676      1,012
  FB Financial Corp.     19,154        995
  ARMOUR Residential REIT Inc.     59,489        992
  First Busey Corp.     38,870        982
  NBT Bancorp Inc.     23,003        979
* Customers Bancorp Inc.     13,911        966
* Dave Inc.      5,495        957
  Northwest Bancshares Inc.     72,405        919
  WisdomTree Inc.     62,711        913
  Stewart Information Services Corp.     14,660        903
* Credit Acceptance Corp.      2,108        893
  Enterprise Financial Services Corp.     16,239        879
  Kemper Corp.     28,195        862
* Baldwin Insurance Group Inc.     38,797        851
  HCI Group Inc.      5,342        826
  City Holding Co.      6,824        816
  Stellar Bancorp Inc.     22,271        815
  OFG Bancorp     19,682        796
  First Commonwealth Financial Corp.     44,504        782
  Horace Mann Educators Corp.     18,313        782
  Cohen & Steers Inc.     12,418        777
  National Bank Holdings Corp. Class A     19,837        777
* Skyward Specialty Insurance Group Inc.     17,602        769
  Nelnet Inc. Class A      5,943        766
  Apollo Commercial Real Estate Finance Inc.     71,778        758
* LendingClub Corp.     52,724        755
  Ellington Financial Inc.     62,034        735

    Shares Market
Value
($000)
* Encore Capital Group Inc.     10,389        728
* EZCorp. Inc. Class A     28,548        725
  Dime Community Bancshares Inc.     21,326        721
  S&T Bancorp Inc.     17,198        719
  Acadian Asset Management Inc.     13,221        719
  Stock Yards Bancorp Inc.     10,192        676
  Walker & Dunlop Inc.     15,081        669
  Arbor Realty Trust Inc.     86,399        666
  Pathward Financial Inc.      7,424        662
  Bank First Corp.      4,835        653
  ConnectOne Bancorp Inc.     23,907        640
  Westamerica BanCorp     12,129        633
  Lakeland Financial Corp.     10,997        631
  TriCo Bancshares     13,233        629
* ProAssurance Corp.     25,044        619
  Origin Bancorp Inc.     14,594        605
  Enact Holdings Inc.     14,771        603
* Triumph Financial Inc.     10,029        598
  QCR Holdings Inc.      6,972        596
  Orchid Island Capital Inc.     84,297        593
  Two Harbors Investment Corp.     51,731        591
  Federal Agricultural Mortgage Corp. Class C      3,977        590
* Miami International Holdings Inc.     15,151        590
  Perella Weinberg Partners     31,799        577
* Slide Insurance Holdings Inc.     31,593        569
  Hilltop Holdings Inc.     15,761        565
  Peoples Bancorp Inc.     17,101        562
  Live Oak Bancshares Inc.     16,802        556
  Merchants Bancorp     12,312        528
  Safety Insurance Group Inc.      7,269        528
  German American Bancorp Inc.     12,417        519
  Hope Bancorp Inc.     45,999        514
  Tompkins Financial Corp.      6,489        512
  Ladder Capital Corp.     51,960        508
  MFA Financial Inc.     53,038        508
* Goosehead Insurance Inc. Class A     11,872        506
  OceanFirst Financial Corp.     27,990        505
  Business First Bancshares Inc.     18,647        504
  Chimera Investment Corp.     39,322        493
  Horizon Bancorp Inc.     29,586        490
  Preferred Bank      5,191        471
  Esquire Financial Holdings Inc.      4,374        470
  Heritage Financial Corp.     17,864        464
  Amerant Bancorp Inc.     20,589        454
  First Mid Bancshares Inc.     10,772        444
  F&G Annuities & Life Inc.     17,548        444
  UWM Holdings Corp.    121,713        441
  Universal Insurance Holdings Inc.     12,857        439
* Coastal Financial Corp.      5,753        438
  PennyMac Mortgage Investment Trust     37,335        435
  Old Second Bancorp Inc.     21,518        434
  Metropolitan Bank Holding Corp.      5,195        433
  Virtus Investment Partners Inc.      3,198        430
  1st Source Corp.      6,076        421
  CNB Financial Corp.     14,475        419
  First Financial Corp.      6,609        418
* Trupanion Inc.     16,307        418
  Burke & Herbert Financial Services Corp.      6,703        418
  NB Bancorp Inc.     19,731        416
  HomeTrust Bancshares Inc.      9,698        414
  Capitol Federal Financial Inc.     57,622        411
  United Fire Group Inc.     11,066        410
  Employers Holdings Inc.      9,928        408
  Central Pacific Financial Corp.     12,750        407
  Univest Financial Corp.     11,689        400
  Hanmi Financial Corp.     14,544        383
  Compass Diversified Holdings     48,737        383
  Mercantile Bank Corp.      7,523        380
  Byline Bancorp Inc.     12,017        379
  Farmers National Banc Corp.     28,459        375

    Shares Market
Value
($000)
  Equity Bancshares Inc. Class A      8,344        371
  First Community Bankshares Inc.      8,936        371
  Great Southern Bancorp Inc.      5,876        371
  TFS Financial Corp.     25,840        363
  Mechanics Bancorp Class A     23,750        350
  Oppenheimer Holdings Inc. Class A      3,919        350
* PRA Group Inc.     20,015        350
  Franklin BSP Realty Trust Inc. REIT     41,277        350
  Mid Penn Bancorp Inc.     10,805        347
* Porch Group Inc.     47,755        342
* Accelerant Holdings Class A     25,413        340
* Root Inc. Class A      7,542        333
  Adamas Trust Inc.     44,643        329
  Invesco Mortgage Capital Inc. REIT     40,485        327
  Washington Trust Bancorp Inc.      9,683        324
  Amalgamated Financial Corp.      8,257        321
  TrustCo Bank Corp. NY      7,334        321
  Independent Bank Corp.      9,506        317
  Financial Institutions Inc.      9,964        316
  Northeast Bank      2,742        308
  SmartFinancial Inc.      7,828        306
  AMERISAFE Inc.      9,135        304
  Brightspire Capital Inc.     54,187        303
  Community Trust Bancorp Inc.      4,932        299
* Heritage Insurance Holdings Inc.     11,317        297
  Orrstown Financial Services Inc.      8,239        297
  Heritage Commerce Corp.     23,483        293
  Southern Missouri Bancorp Inc.      4,500        288
  Five Star Bancorp      7,597        287
  Shore Bancshares Inc.     15,328        286
* Firstsun Capital Bancorp      7,718        281
  Eagle Bancorp Inc.     11,176        278
  Peapack-Gladstone Financial Corp.      7,865        277
  Flushing Financial Corp.     17,907        275
  TPG RE Finance Trust Inc.     35,005        273
* Carter Bankshares Inc.     11,652        272
  Northrim BanCorp Inc.     11,824        271
  Peoples Financial Services Corp.      5,004        267
  Hingham Institution for Savings        920        263
  Redwood Trust Inc.     46,884        263
  Southside Bancshares Inc.      8,415        262
  Metrocity Bankshares Inc.      9,095        261
  Alerus Financial Corp.     10,987        260
  Capital City Bank Group Inc.      5,914        257
  GCM Grosvenor Inc. Class A     25,919        254
  Camden National Corp.      5,321        252
  Bar Harbor Bankshares      7,699        250
  Isabella Bank Corp.      5,370        245
  ACNB Corp.      5,026        241
  Cannae Holdings Inc.     20,978        239
  Navient Corp.     28,827        236
  Ridgepost Capital Inc. Class A     32,062        233
  Citizens Financial Services Inc.      3,815        233
* LendingTree Inc.      5,385        231
  Northfield Bancorp Inc.     16,972        230
  Blue Ridge Bankshares Inc.     54,579        229
* Third Coast Bancshares Inc.      5,956        225
  Diamond Hill Investment Group Inc.      1,299        224
* Strive Inc. Class A     22,392        224
  Crawford & Co. Class A     22,364        223
* Neptune Insurance Holdings Inc. Class A      9,124        221
* Hagerty Inc. Class A     20,909        220
  Red River Bancshares Inc.      2,422        219
  First Community Corp.      7,453        218
  Kearny Financial Corp.     28,755        217
  California BanCorp     12,064        214
  First Business Financial Services Inc.      3,930        212
* Southern First Bancshares Inc.      3,887        212
  Community West Bancshares      9,076        211
  First Bank     12,851        206

    Shares Market
Value
($000)
* First Foundation Inc.     34,984        206
  Home Bancorp Inc.      3,408        206
  ChoiceOne Financial Services Inc.      7,338        206
  RBB Bancorp      9,544        204
  Unity Bancorp Inc.      3,940        204
  Sierra Bancorp      5,990        203
  Tiptree Inc.     11,967        202
* Hippo Holdings Inc.      7,730        201
  Investar Holding Corp.      7,322        200
  Meridian Corp.     10,290        195
* Bridgewater Bancshares Inc.     10,937        194
  Civista Bancshares Inc.      8,477        193
  Jefferson Capital Inc.     10,042        193
  West BanCorp. Inc.      8,088        192
  Abacus Global Management Inc.     24,387        192
  Northpointe Bancshares Inc.     11,045        191
* World Acceptance Corp.      1,397        189
  Fidelity D&D Bancorp Inc.      4,371        189
  Avidia Bancorp Inc.      9,415        185
* Octave Specialty Group Inc.     39,215        182
  Primis Financial Corp.     13,714        182
  BayCom Corp.      6,051        180
* Bowhead Specialty Holdings Inc.      8,008        180
  Bank of Marin Bancorp      6,834        175
  HBT Financial Inc.      6,542        175
*,1 Better Home & Finance Holding Co.      4,908        175
  Arrow Financial Corp.      5,079        171
* Columbia Financial Inc.      9,642        169
  Northeast Community Bancorp Inc.      6,988        166
  MVB Financial Corp.      6,548        163
  Parke Bancorp Inc.      5,753        163
  NewtekOne Inc.     14,730        161
  Investors Title Co.        735        160
  FS Bancorp Inc.      4,131        159
* Ponce Financial Group Inc.      9,403        157
  Citizens & Northern Corp.      6,877        154
* Claros Mortgage Trust Inc.     64,114        153
  PCB Bancorp      6,736        151
  Norwood Financial Corp.      5,054        149
  Capital Bancorp Inc.      4,980        148
  John Marshall Bancorp Inc.      7,315        148
  Timberland Bancorp Inc.      3,725        147
  First Bancorp Inc. (XNGS)      5,127        144
  Orange County Bancorp Inc.      4,486        143
* Wealthfront Corp.     15,409        143
  First United Corp.      3,875        142
  Colony Bankcorp Inc.      7,126        142
  Bankwell Financial Group Inc.      2,912        141
  Farmers & Merchants Bancorp Inc.      5,498        141
  Ares Commercial Real Estate Corp.     29,199        140
  USCB Financial Holdings Inc.      7,475        139
* Open Lending Corp.    108,744        136
  Donegal Group Inc. Class A      7,832        135
  Oak Valley Bancorp      4,143        134
* TWFG Inc.      6,990        129
  Midland States Bancorp Inc.      5,722        128
* GBank Financial Holdings Inc.      4,772        128
  Plumas Bancorp      2,602        127
  Republic Bancorp Inc. Class A      1,789        126
* Fold Holdings Inc.     94,912        125
  Linkbancorp Inc.     14,837        124
  National Bankshares Inc.      3,377        123
  Regional Management Corp.      3,824        123
  South Plains Financial Inc.      2,943        123
* FB Bancorp Inc.      8,964        123
  Ames National Corp.      4,288        121
* Onity Group Inc.      3,091        121
  Citizens Community Bancorp Inc.      6,098        121
  James River Group Holdings Inc.     18,918        119
  Ready Capital Corp.     72,683        118

    Shares Market
Value
($000)
  FVCBankcorp Inc.      7,664        116
  First National Corp.      4,292        116
  KKR Real Estate Finance Trust Inc.     18,779        115
*,1 REalloys Inc.     11,764        115
  LCNB Corp.      7,096        111
  American Coastal Insurance Corp.      9,760        110
* Security National Financial Corp. Class A     11,504        109
  Franklin Financial Services Corp.      2,111        108
  Virginia National Bankshares Corp.      2,824        108
  American Integrity Insurance Group Inc.      5,614        108
  OppFi Inc.     13,690        106
* First Western Financial Inc.      4,255        105
  Commercial Bancgroup Inc.      4,040        105
  BCB Bancorp Inc.     11,587        104
  Western New England Bancorp Inc.      8,081        104
* Avidbank Holdings Inc.      3,643        104
* Hoyne Bancorp Inc.      7,087        103
  Kingstone Cos. Inc.      6,971        102
  MainStreet Bancshares Inc.      4,610        102
  CoastalSouth Bancshares Inc.      4,149        102
* MBIA Inc.     17,164        101
  CF Bankshares Inc.      3,606        101
  TPG Mortgage Investment Trust Inc.     13,847        101
* Patriot National Bancorp Inc.     78,125        101
* Citizens Inc.     19,872        100
* Ethos Technologies Inc. Class A      8,961        100
  Chicago Atlantic Real Estate Finance Inc.      8,780         99
  SR Bancorp Inc.      5,872         99
* eHealth Inc.     75,685         98
  C&F Financial Corp.      1,327         97
  Seven Hills Realty Trust     11,841         97
  Richmond Mutual BanCorp. Inc.      7,087         96
  Eagle Financial Services Inc.      2,703         95
  Greene County Bancorp Inc.      4,186         94
  Finward Bancorp      2,561         93
* Velocity Financial Inc.      5,063         92
* Finwise Bancorp      5,778         92
  First Capital Inc.      1,820         90
  Hawthorn Bancshares Inc.      2,619         88
  CB Financial Services Inc.      2,513         86
  Chemung Financial Corp.      1,559         84
  Angel Oak Mortgage REIT Inc.     10,246         84
  Bank7 Corp.      2,077         83
* BV Financial Inc.      4,320         83
  Eagle Bancorp Montana Inc.      3,864         80
  Community Bancorp. / VT      2,532         79
* loanDepot Inc. Class A     54,598         78
*,1 BRC Group Holdings Inc.     10,511         77
* Oportun Financial Corp.     16,741         77
  Westwood Holdings Group Inc.      4,638         76
* Pioneer Bancorp Inc.      5,447         76
  OP Bancorp      5,487         73
  Waterstone Financial Inc.      4,017         72
  Landmark Bancorp Inc.      2,894         72
  Medallion Financial Corp.      7,935         68
* Kingsway Financial Services Inc.      6,539         68
* ACRES Commercial Realty Corp.      3,409         66
  Princeton Bancorp Inc.      1,948         66
  Peoples Bancorp of North Carolina Inc.      1,672         65
* AlTi Global Inc.     18,087         65
* Innventure Inc.     15,949         62
* Ategrity Specialty Holdings LLC      3,132         62
* Fifth District Bancorp Inc.      4,163         62
  First US Bancshares Inc.      3,994         61
  Silvercrest Asset Management Group Inc. Class A      4,417         59
* Central Plains Bancshares Inc.      3,365         58
  Provident Financial Holdings Inc.      3,436         55
* ECB Bancorp Inc.      3,213         54
* NI Holdings Inc.      4,121         53
*,1 DeFi Development Corp.     15,697         52

    Shares Market
Value
($000)
  Ohio Valley Banc Corp.      1,133         50
  Granite Point Mortgage Trust Inc.     33,445         48
* NSTS Bancorp Inc.      4,078         48
* Affinity Bancshares Inc.      2,084         46
* Sui Group Holdings Ltd.     37,008         45
  Hanover Bancorp Inc.      2,042         44
* Selectquote Inc.     68,168         43
* Bakkt Inc.      5,852         43
  First Guaranty Bancshares Inc.      4,672         38
  SB Financial Group Inc.      1,815         38
  Hennessy Advisors Inc.      3,282         32
* Finance of America Cos. Inc. Class A      1,921         32
* Gemini Space Station Inc. Class A      7,089         31
* Hyperscale Data Inc.    192,531         29
  Manhattan Bridge Capital Inc.      6,330         28
  United Security Bancshares      2,415         25
  NexPoint Diversified Real Estate Trust      5,169         24
* Kestrel Group Ltd.      2,259         24
* Broadway Financial Corp.      3,045         22
* First Seacoast Bancorp Inc.      1,177         15
* Exodus Movement Inc. Class A      1,963         13
  First Internet Bancorp        432          9
* Blue Foundry Bancorp        608          8
* Bitgo Holdings Inc. Class A        497          4
* Bitcoin Depot Inc.      1,275          3
  Advanced Flower Capital Inc.        687          2
*,2 Sterling Bancorp Inc.     15,111         —
              3,193,211
Health Care (9.7%)
  Eli Lilly & Co.    409,224    376,392
  Johnson & Johnson  1,160,763    283,737
  AbbVie Inc.    852,325    185,372
  Merck & Co. Inc.  1,191,464    143,321
  UnitedHealth Group Inc.    436,489    118,110
  Amgen Inc.    259,881     91,439
  Thermo Fisher Scientific Inc.    178,987     87,977
  Abbott Laboratories    838,353     86,074
  Gilead Sciences Inc.    599,231     83,515
* Intuitive Surgical Inc.    171,126     78,887
  Pfizer Inc.  2,744,279     77,059
  Bristol-Myers Squibb Co.    980,603     59,474
  Danaher Corp.    306,993     58,206
  Stryker Corp.    166,249     54,628
* Vertex Pharmaceuticals Inc.    122,296     54,610
  Medtronic plc    619,521     53,682
* Boston Scientific Corp.    715,707     44,911
  Regeneron Pharmaceuticals Inc.     49,992     38,626
  HCA Healthcare Inc.     75,470     35,715
  Cigna Group    127,172     33,923
  Elevance Health Inc. (XNYS)    106,621     31,213
  Cardinal Health Inc.    113,521     23,988
* Edwards Lifesciences Corp.    280,335     22,449
  Becton Dickinson & Co.    137,222     21,575
  Zoetis Inc.    182,433     21,565
* IDEXX Laboratories Inc.     38,376     21,563
* Alnylam Pharmaceuticals Inc.     63,824     21,117
* Insmed Inc.    103,739     16,963
  ResMed Inc.     70,186     15,755
  Agilent Technologies Inc.    135,568     15,452
  GE HealthCare Technologies Inc.    208,357     14,831
* Waters Corp.     47,067     14,017
* IQVIA Holdings Inc.     81,456     13,892
* Biogen Inc.     70,451     12,916
* Natera Inc.     63,819     12,763
* Veeva Systems Inc. Class A     71,248     12,515
* United Therapeutics Corp.     21,102     12,513
* Dexcom Inc.    185,040     11,621
  Labcorp Holdings Inc.     39,485     10,535
  STERIS plc     47,256     10,450

    Shares Market
Value
($000)
  Quest Diagnostics Inc.     52,712     10,331
  Humana Inc.     57,917     10,042
* Revolution Medicines Inc.     90,657      8,816
  West Pharmaceutical Services Inc.     34,723      8,703
* Moderna Inc.    170,901      8,682
* Illumina Inc.     69,599      8,579
  Zimmer Biomet Holdings Inc.     94,264      8,523
* Hologic Inc.    109,080      8,245
* Tenet Healthcare Corp.     41,721      7,873
* Centene Corp.    237,358      7,771
* Incyte Corp.     81,858      7,704
  Viatris Inc.    556,869      7,523
* Medline Inc. Class A    161,370      7,181
* Insulet Corp.     34,006      7,136
* Cooper Cos. Inc.     93,957      6,718
* Neurocrine Biosciences Inc.     48,389      6,375
* Bridgebio Pharma Inc.     84,256      6,257
* Roivant Sciences Ltd.    224,042      6,206
* Penumbra Inc.     18,217      5,982
* Elanco Animal Health Inc. (XNYS)    238,645      5,711
* Ionis Pharmaceuticals Inc.     75,679      5,683
* Align Technology Inc.     32,862      5,634
  Ensign Group Inc.     27,819      5,606
* Guardant Health Inc.     59,994      5,542
* Jazz Pharmaceuticals plc     27,917      5,278
* Medpace Holdings Inc.     10,908      5,238
* BioMarin Pharmaceutical Inc.     92,071      5,201
* Exelixis Inc.    118,483      5,082
  Revvity Inc.     54,123      4,742
* Solventum Corp.     71,387      4,662
* Globus Medical Inc. Class A     53,882      4,642
* Madrigal Pharmaceuticals Inc.      8,771      4,591
  Encompass Health Corp.     47,400      4,585
  Universal Health Services Inc. Class B     24,450      4,376
* Praxis Precision Medicines Inc.     13,404      4,319
  Baxter International Inc.    245,816      4,130
* Charles River Laboratories International Inc.     23,537      4,060
* Vaxcyte Inc.     69,673      4,049
* Arrowhead Pharmaceuticals Inc.     63,918      4,008
* Cytokinetics Inc.     59,277      3,907
  Bio-Techne Corp.     74,549      3,896
* Masimo Corp.     21,868      3,890
* Halozyme Therapeutics Inc.     57,000      3,684
* Axsome Therapeutics Inc.     21,512      3,636
* HealthEquity Inc.     41,453      3,464
* Henry Schein Inc.     46,387      3,419
* Molina Healthcare Inc.     24,706      3,293
* Protagonist Therapeutics Inc.     30,980      3,265
* Arcellx Inc.     28,377      3,258
* Krystal Biotech Inc.     12,499      3,229
* Repligen Corp.     25,579      3,014
* BrightSpring Health Services Inc.     69,011      2,941
* Rhythm Pharmaceuticals Inc.     33,173      2,885
* Cogent Biosciences Inc.     74,170      2,855
* Glaukos Corp.     26,244      2,825
* Alkermes plc     79,392      2,807
* PTC Therapeutics Inc.     39,755      2,709
* Nuvalent Inc. Class A     26,345      2,699
* Terns Pharmaceuticals Inc.     50,371      2,656
  Chemed Corp.      6,877      2,598
* Avantor Inc.    328,394      2,575
* Kymera Therapeutics Inc.     30,765      2,562
* Mirum Pharmaceuticals Inc.     27,478      2,538
  Teleflex Inc.     21,070      2,520
* Bio-Rad Laboratories Inc. Class A      8,926      2,488
* DaVita Inc.     15,877      2,440
* Tempus AI Inc. Class A     53,629      2,425
* TG Therapeutics Inc.     72,459      2,407
* Apogee Therapeutics Inc.     27,880      2,347
* Lantheus Holdings Inc.     30,892      2,343

    Shares Market
Value
($000)
* Celcuity Inc.     20,122      2,297
* CG oncology Inc.     33,340      2,256
* Amicus Therapeutics Inc.    147,684      2,136
* Apellis Pharmaceuticals Inc.     52,614      2,117
* Dianthus Therapeutics Inc.     24,945      2,093
* Scholar Rock Holding Corp.     42,076      2,068
* Hims & Hers Health Inc.     99,424      2,064
* Option Care Health Inc.     75,577      2,035
* Erasca Inc.    124,356      2,012
* Envista Holdings Corp.     78,312      1,987
* Merit Medical Systems Inc.     28,177      1,942
* RadNet Inc.     33,028      1,846
  Bruker Corp.     51,010      1,842
* Ligand Pharmaceuticals Inc.      9,139      1,825
* Indivior Pharmaceuticals Inc.     59,854      1,824
* IRhythm Holdings Inc.     15,418      1,820
* Crinetics Pharmaceuticals Inc.     48,977      1,779
* Spyre Therapeutics Inc.     34,495      1,740
* Corcept Therapeutics Inc.     42,823      1,726
* Sotera Health Co.    116,878      1,676
* Viking Therapeutics Inc.     51,433      1,674
* Alignment Healthcare Inc.     88,329      1,556
* ICU Medical Inc.     12,006      1,551
* TransMedics Group Inc.     15,533      1,544
* Brookdale Senior Living Inc.    110,748      1,515
* Integer Holdings Corp.     16,617      1,462
* Doximity Inc. Class A     62,629      1,459
* Catalyst Pharmaceuticals Inc.     56,623      1,402
* Tarsus Pharmaceuticals Inc.     19,983      1,402
* Edgewise Therapeutics Inc.     44,215      1,393
* ACADIA Pharmaceuticals Inc.     62,200      1,385
* Supernus Pharmaceuticals Inc.     26,532      1,371
* Prestige Consumer Healthcare Inc.     22,643      1,342
* Waystar Holding Corp.     54,694      1,319
* Travere Therapeutics Inc.     43,796      1,301
*,1 ImmunityBio Inc.    169,340      1,299
* Ideaya Biosciences Inc.     38,800      1,293
* Liquidia Corp.     34,171      1,290
* Twist Bioscience Corp.     26,943      1,280
* Dyne Therapeutics Inc.     69,485      1,260
* 10X Genomics Inc. Class A     59,215      1,257
* Tango Therapeutics Inc.     59,446      1,244
* Arcutis Biotherapeutics Inc.     52,760      1,243
* Haemonetics Corp.     21,924      1,236
* Denali Therapeutics Inc.     63,193      1,213
* Immunovant Inc.     48,258      1,199
* Veracyte Inc.     37,196      1,198
* Vera Therapeutics Inc.     29,060      1,169
  Concentra Group Holdings Parent Inc.     53,738      1,153
* BioCryst Pharmaceuticals Inc.    118,370      1,127
* Beam Therapeutics Inc.     46,891      1,117
* Privia Health Group Inc.     53,927      1,109
  LeMaitre Vascular Inc.     10,107      1,103
  DENTSPLY SIRONA Inc.     93,840      1,089
* Oruka Therapeutics Inc.     21,737      1,066
* Immunome Inc.     47,957      1,049
* Warby Parker Inc. Class A     49,250      1,038
* Summit Therapeutics Inc. (XNMS)     53,512      1,015
* Sarepta Therapeutics Inc.     46,211      1,006
  National HealthCare Corp.      6,256        999
* Neogen Corp.    107,022        994
* Agios Pharmaceuticals Inc.     29,260        990
* Acadia Healthcare Co. Inc.     41,967        982
* Amneal Pharmaceuticals Inc.     78,788        979
* Syndax Pharmaceuticals Inc.     41,926        979
* Alumis Inc.     44,097        971
* Celldex Therapeutics Inc.     30,436        965
* Adaptive Biotechnologies Corp.     69,224        961
* Enliven Therapeutics Inc.     24,399        956
* ADMA Biologics Inc.    105,696        952

    Shares Market
Value
($000)
* Kiniksa Pharmaceuticals International plc     19,703        949
* GRAIL Inc.     18,114        936
* Nektar Therapeutics     12,911        929
  Select Medical Holdings Corp.     56,570        922
* Disc Medicine Inc.     14,130        903
* Arcus Biosciences Inc.     41,579        898
* Ultragenyx Pharmaceutical Inc.     42,666        894
* Viridian Therapeutics Inc.     45,153        883
* Pediatrix Medical Group Inc.     41,009        877
* Stoke Therapeutics Inc.     26,669        868
* Day One Biopharmaceuticals Inc.     39,181        840
* Caris Life Sciences Inc.     46,903        839
* Ocular Therapeutix Inc.     98,864        837
* Addus HomeCare Corp.      8,789        823
* Innoviva Inc.     35,274        822
  Perrigo Co. plc     76,053        817
* Vericel Corp.     25,129        808
* Relay Therapeutics Inc.     80,587        802
* Axogen Inc.     24,068        797
* Artivion Inc.     21,751        797
* Nurix Therapeutics Inc.     50,770        787
* Mineralys Therapeutics Inc.     27,767        752
*,1 Recursion Pharmaceuticals Inc. Class A    243,049        746
* Soleno Therapeutics Inc.     21,964        735
  Organon & Co.    122,489        734
* ANI Pharmaceuticals Inc.      9,441        726
* CorVel Corp.     13,213        722
* Inspire Medical Systems Inc.     13,971        721
* Novavax Inc.     88,103        717
* Kodiak Sciences Inc.     18,794        716
* Intellia Therapeutics Inc.     55,808        715
* Harmony Biosciences Holdings Inc.     25,250        707
* Palvella Therapeutics Inc.      5,621        701
* UFP Technologies Inc.      3,618        700
* Iovance Biotherapeutics Inc.    197,727        694
* Amylyx Pharmaceuticals Inc.     48,756        678
* Capricor Therapeutics Inc.     22,230        676
* Ardelyx Inc.    111,837        670
* AtriCure Inc.     23,192        662
* Omnicell Inc.     19,760        660
* PROCEPT BioRobotics Corp.     26,345        659
* Progyny Inc.     37,469        636
* Tandem Diabetes Care Inc.     33,106        635
* Vir Biotechnology Inc.     70,742        634
* Healthcare Services Group Inc.     33,872        628
* Trevi Therapeutics Inc.     52,604        628
* Zymeworks Inc.     24,754        620
* Hinge Health Inc. Class A     16,091        620
* AdaptHealth Corp.     51,491        613
* PACS Group Inc.     18,617        598
* Enovis Corp.     26,001        592
* Alphatec Holdings Inc.     53,883        586
* HeartFlow Inc.     23,857        580
* Novocure Ltd.     53,004        578
* GeneDx Holdings Corp.      8,978        577
* Nuvation Bio Inc.    133,928        575
  Phibro Animal Health Corp. Class A     10,146        561
  CONMED Corp.     15,255        539
* LifeStance Health Group Inc.     84,577        539
* Monte Rosa Therapeutics Inc.     32,784        539
* Harrow Inc.     15,007        529
  US Physical Therapy Inc.      7,028        527
* Maze Therapeutics Inc.     17,613        526
* Corvus Pharmaceuticals Inc.     35,779        523
* EyePoint Inc.     39,896        514
* Olema Pharmaceuticals Inc.     34,274        511
* QuidelOrtho Corp.     31,100        511
* Collegium Pharmaceutical Inc.     15,054        498
* MBX Biosciences Inc.     16,469        492
* ORIC Pharmaceuticals Inc.     38,766        491

    Shares Market
Value
($000)
* Taysha Gene Therapies Inc.    108,248        484
* AtaiBeckley Inc.    136,623        484
* Sionna Therapeutics Inc.     12,011        482
* Tyra Biosciences Inc.     12,541        480
* AnaptysBio Inc.      8,642        479
* NeoGenomics Inc.     64,055        475
* Xeris Biopharma Holdings Inc.     81,932        475
* Teladoc Health Inc.     86,748        473
* Pennant Group Inc.     15,495        472
* Savara Inc.     86,122        470
* Inhibrx Biosciences Inc.      6,989        470
* VeraDermics Inc.      7,352        464
* Butterfly Network Inc.    112,973        456
* Rapport Therapeutics Inc.     14,475        453
* BioLife Solutions Inc.     23,367        446
* Geron Corp. (XNGS)    299,053        446
* Fortrea Holdings Inc.     46,209        435
* Astrana Health Inc.     17,617        432
* CytomX Therapeutics Inc.     91,733        431
* Bicara Therapeutics Inc.     21,657        431
* Xencor Inc.     35,566        429
* Surgery Partners Inc.     35,825        427
* Clover Health Investments Corp.    241,618        425
* Pacira BioSciences Inc.     18,260        413
* Azenta Inc.     19,451        411
  iRadimed Corp.      3,935        379
* CareDx Inc.     21,571        374
*,1 SELLAS Life Sciences Group Inc.     87,758        371
* AMN Healthcare Services Inc.     20,040        368
* Septerna Inc.     15,181        365
* ArriVent Biopharma Inc.     15,685        362
* Enhabit Inc.     25,398        358
* Amphastar Pharmaceuticals Inc.     18,233        357
* Omeros Corp.     33,398        353
* KalVista Pharmaceuticals Inc.     17,329        349
* Cullinan Therapeutics Inc.     24,335        346
* Theravance Biopharma Inc.     21,171        344
* MannKind Corp.    139,991        343
* Compass Therapeutics Inc.     64,864        343
* STAAR Surgical Co.     17,059        319
* Zenas Biopharma Inc.     16,264        318
* Phathom Pharmaceuticals Inc.     28,419        316
* Kura Oncology Inc.     37,871        308
* Certara Inc.     54,048        308
* Castle Biosciences Inc.     12,416        305
* Omada Health Inc.     23,605        297
* Annexon Inc.     53,273        295
* Esperion Therapeutics Inc.    106,732        292
* Alto Neuroscience Inc.     12,871        289
* Avanos Medical Inc.     20,480        287
* Precigen Inc.     74,056        287
  Jade Biosciences Inc.     20,415        287
* Pacific Biosciences of California Inc.    215,828        285
* Aveanna Healthcare Holdings Inc.     43,713        282
* Vor BioPharma Inc.     15,702        280
* Tactile Systems Technology Inc.     10,582        277
* Janux Therapeutics Inc.     19,933        277
* Talkspace Inc.     52,041        269
* Ocugen Inc.    146,991        266
* BioAge Labs Inc.     15,216        266
* Arbutus Biopharma Corp.     58,793        265
  Embecta Corp.     29,978        265
* Arvinas Inc.     24,931        264
* Integra LifeSciences Holdings Corp.     27,877        263
* SI-BONE Inc.     20,800        263
*,1 Billiontoone Inc. Class A      3,322        262
* Zevra Therapeutics Inc.     27,856        260
  HealthStream Inc.     12,167        252
* Ironwood Pharmaceuticals Inc.     71,834        252
* LB Pharmaceuticals Inc.     10,170        251

    Shares Market
Value
($000)
* Ceribell Inc.     13,526        248
* Eton Pharmaceuticals Inc.     10,002        247
* Kestra Medical Technologies Ltd.     12,353        246
* Phreesia Inc.     29,057        244
* Fulcrum Therapeutics Inc.     31,479        241
* AngioDynamics Inc.     20,983        239
* Cytek Biosciences Inc.     54,376        238
* Solid Biosciences Inc.     33,064        238
* Nutex Health Inc.      2,384        227
* CorMedix Inc.     33,128        225
* Relmada Therapeutics Inc.     32,256        225
* Invivyd Inc.    172,414        224
* ARS Pharmaceuticals Inc.     27,743        223
* Sana Biotechnology Inc.     76,238        220
* Sutro Biopharma Inc.      8,811        219
* Replimune Group Inc.     27,666        212
* MiMedx Group Inc.     53,585        212
* Emergent BioSolutions Inc.     25,357        210
* 4D Molecular Therapeutics Inc.     22,589        210
* Rigel Pharmaceuticals Inc.      7,705        208
* Immix Biopharma Inc.     22,835        208
* XOMA Royalty Corp.      6,600        207
* Lexeo Therapeutics Inc.     35,781        205
* Myriad Genetics Inc.     45,230        204
* Varex Imaging Corp.     19,020        202
* Shattuck Labs Inc.     30,960        199
* Perspective Therapeutics Inc.     47,732        199
* Absci Corp.     65,722        197
* Nautilus Biotechnology Inc.     50,505        196
* RxSight Inc.     31,797        196
* Pulse Biosciences Inc.      8,976        194
* Aquestive Therapeutics Inc.     46,729        194
* Community Health Systems Inc.     63,865        188
* Aura Biosciences Inc.     28,045        188
* Beta Bionics Inc.     18,709        187
* REGENXBIO Inc.     22,034        185
* Tectonic Therapeutic Inc.      5,979        185
* Lyell Immunopharma Inc.      9,238        185
* Upstream Bio Inc.     20,425        184
* Contineum Therapeutics Inc. Class A     13,802        180
* Altimmune Inc.     57,605        177
* Codexis Inc.    107,819        176
* Verastem Inc.     33,232        176
* X4 Pharmaceuticals Inc.     42,268        175
* Fulgent Genetics Inc.     10,947        174
* Personalis Inc.     27,200        173
* NeuroPace Inc.     13,081        172
* Allogene Therapeutics Inc.     69,884        171
* Accendra Health Inc.     75,173        171
* Atea Pharmaceuticals Inc.     31,847        171
* Maravai LifeSciences Holdings Inc. Class A     60,043        170
* Assembly Biosciences Inc.      6,073        169
* Akebia Therapeutics Inc.    120,577        168
* Orthofix Medical Inc.     14,594        167
*,1 Polaryx Therapeutics Inc.     21,856        165
* TriSalus Life Sciences Inc.     40,548        162
* Monopar Therapeutics Inc.      2,942        161
* Prime Medicine Inc.     45,859        160
* Forte Biosciences Inc.      6,094        158
* OPKO Health Inc.    137,776        157
* Lexicon Pharmaceuticals Inc.    100,212        156
* Design Therapeutics Inc.     14,493        154
* Heron Therapeutics Inc.    191,802        153
* Vanda Pharmaceuticals Inc.     22,173        153
* Aclaris Therapeutics Inc.     40,404        152
* Enanta Pharmaceuticals Inc.     11,891        150
* Cerus Corp.     81,851        149
* Lineage Cell Therapeutics Inc.     93,589        148
* MapLight Therapeutics Inc.      7,297        148
  National Research Corp.      8,636        147

    Shares Market
Value
($000)
* Century Therapeutics Inc.     65,179        147
* Crescent Biopharma Inc.      8,006        147
* Delcath Systems Inc.     15,711        146
* Kyverna Therapeutics Inc.     16,941        146
* Standard BioTools Inc.    158,162        145
* ALX Oncology Holdings Inc.     72,511        145
* Aktis Oncology Inc.      8,029        144
* Puma Biotechnology Inc.     22,371        143
* CapsoVision Inc.     19,455        142
* Protara Therapeutics Inc.     26,902        140
*,1 Evommune Inc.      6,105        140
* Cabaletta Bio Inc.     51,544        139
* Context Therapeutics Inc.     53,125        139
* OrthoPediatrics Corp.      8,645        137
* Larimar Therapeutics Inc.     29,674        134
* NRX Pharmaceuticals Inc.     62,612        133
* Oncology Institute Inc.     42,968        132
* Editas Medicine Inc.     53,210        131
* Rocket Pharmaceuticals Inc.     36,646        131
* Viemed Healthcare Inc.     14,170        131
* Ginkgo Bioworks Holdings Inc.     21,342        131
* Seres Therapeutics Inc.     14,529        129
* Evolent Health Inc. Class A     56,193        128
* Bioventus Inc. Class A     13,831        126
* Senseonics Holdings Inc.     18,949        126
* Entrada Therapeutics Inc.      9,938        125
* Voyager Therapeutics Inc.     32,198        124
* Adicet Bio Inc.     18,112        123
  SIGA Technologies Inc.     22,419        120
* Opus Genetics Inc.     26,271        120
* Abeona Therapeutics Inc.     26,710        120
  Cryo-Cell International Inc.     33,879        120
* Anavex Life Sciences Corp.     38,660        119
* Evolus Inc.     28,763        118
* Rezolute Inc.     38,633        118
* Caribou Biosciences Inc.     62,161        118
*,1 Candel Therapeutics Inc.     23,870        117
* Avalo Therapeutics Inc.      7,772        116
* Coherus Oncology Inc.     67,253        114
* Sonida Senior Living Inc.      3,528        114
*,1 HeartBeam Inc.     93,275        114
* Instil Bio Inc.     13,854        114
* Minerva Neurosciences Inc.     18,555        112
* MacroGenics Inc.     38,497        111
* TruBridge Inc.      7,530        110
* Eledon Pharmaceuticals Inc.     35,863        110
* Immuneering Corp. Class A     20,937        110
*,1 Xilio Therapeutics Inc.     13,055        110
* ClearPoint Neuro Inc.     11,953        109
* C4 Therapeutics Inc.     41,410        109
* Surrozen Inc.      3,751        109
*,1 Apimeds Pharmaceuticals US Inc.     60,976        109
* Corbus Pharmaceuticals Holdings Inc.     11,420        107
*,1 SAB Biotherapeutics Inc.     27,855        107
* KORU Medical Systems Inc.     24,313        105
* SpyGlass Pharma Inc.      3,982        103
* Alector Inc.     47,602        102
* InfuSystem Holdings Inc.     10,917        101
* Neumora Therapeutics Inc.     51,935        101
  Utah Medical Products Inc.      1,605        100
* LENZ Therapeutics Inc.     10,957        100
* Eikon Therapeutics Inc.      9,490        100
* Ardent Health Inc.     11,574         99
* Electromed Inc.      4,188         98
* Climb Bio Inc.     13,870         95
* Neurogene Inc.      4,736         95
* OS Therapies Inc.     66,667         94
* Foghorn Therapeutics Inc.     19,268         92
* Atrium Therapeutics Inc.      6,870         92
*,1 Kairos Pharma Ltd.    163,934         92

    Shares Market
Value
($000)
* OraSure Technologies Inc.     30,211         91
* P3 Health Partners Inc.     29,295         90
* Zentalis Pharmaceuticals Inc.     38,041         89
* CareCloud Inc.     24,155         88
*,1 Gyre Therapeutics Inc.     12,676         88
* Inhibikase Therapeutics Inc.     52,148         88
* Lumexa Imaging Holdings Inc.     10,288         88
* Inogen Inc.     13,936         86
* Niagen Bioscience Inc.     19,229         85
* Keros Therapeutics Inc.      7,704         85
*,1 Greenwich Lifesciences Inc.      3,527         85
* Arcturus Therapeutics Holdings Inc.     10,819         84
* FONAR Corp.      4,446         83
* GoodRx Holdings Inc. Class A     41,857         82
* Claritev Corp.      4,913         80
* Benitec Biopharma Inc.      7,539         80
* Immunic Inc.     69,930         78
* Achieve Life Sciences Inc.     26,681         78
* Tenaya Therapeutics Inc.    113,232         78
* CAMP4 Therapeutics Corp.     17,654         78
* Assertio Holdings Inc.      4,114         78
* CVRx Inc.      8,150         77
* Sagimet Biosciences Inc. Class A     14,259         75
* Jupiter Neurosciences Inc.    198,769         75
* Quanterix Corp.     21,088         74
* Organogenesis Holdings Inc.     31,293         74
*,1 Tevogen Bio Holdings Inc.     16,307         74
* Inovio Pharmaceuticals Inc.     42,017         73
* SANUWAVE Health Inc.      4,232         73
* Ovid therapeutics Inc.     32,545         72
* OmniAb Inc.     44,629         70
* Elicio Operating Co. Inc.      6,579         70
* Galectin Therapeutics Inc.     24,567         69
* Apyx Medical Corp.     18,313         68
  Acme United Corp.      1,512         68
* Sight Sciences Inc.     17,749         67
* Anika Therapeutics Inc.      4,570         66
* Black Diamond Therapeutics Inc.     30,769         66
* Biodesix Inc.      4,505         65
* Stereotaxis Inc.     34,931         64
* Orchestra BioMed Holdings Inc.     15,057         64
* Prelude Therapeutics Inc.     18,431         63
* Fennec Pharmaceuticals Inc.     10,018         62
* Fate Therapeutics Inc.     50,020         60
* 908 Devices Inc.      9,870         60
* Microbot Medical Inc.     24,691         60
* vTv Therapeutics Inc. Class A      1,523         60
* Lifecore Biomedical Inc.     15,740         59
* LifeMD Inc.     16,333         59
* Avita Medical Inc.     15,718         58
* Tonix Pharmaceuticals Holding Corp.      4,160         57
* Biomea Fusion Inc.     36,499         56
* MAIA Biotechnology Inc.     39,706         56
* Anixa Biosciences Inc.     21,079         54
* Whitehawk Therapeutics Inc.     15,745         54
* Armata Pharmaceuticals Inc.      5,316         54
* Spero Therapeutics Inc.     22,820         53
* Quantum-Si Inc.     68,080         53
* Hyperfine Inc.     49,477         53
* RCM Technologies Inc.      2,589         50
* agilon health Inc.      6,176         49
* Unicycive Therapeutics Inc.      7,337         48
* Health Catalyst Inc.     37,139         47
* Pro-Dex Inc.        906         45
* Equillium Inc.     22,500         45
* Cardiff Oncology Inc.     27,727         45
* An2 Therapeutics Inc.     12,781         44
* Shoulder Innovations Inc.      3,049         44
* Innovage Holding Corp.      5,163         41
* Genelux Corp.     16,729         40

    Shares Market
Value
($000)
* Coya Therapeutics Inc.     10,246         40
* OptimizeRx Corp.      6,262         39
* Pyxis Oncology Inc.     26,650         39
* American Well Corp. Class A      7,355         39
* Champions Oncology Inc.      6,527         38
* Korro Bio Inc.      3,358         38
* Aldeyra Therapeutics Inc.     21,148         36
* aTyr Pharma Inc.     45,980         36
* Owlet Inc.      7,062         36
* Agenus Inc.     10,885         36
* Gossamer Bio Inc.    107,368         35
* Filana Therapeutics Inc.     20,730         35
*,1 Humacyte Inc.     57,747         35
* PepGen Inc.     19,889         35
* Journey Medical Corp.      7,375         35
* Curis Inc.     62,684         34
* Outset Medical Inc.      8,744         34
* Carlsmed Inc.      3,774         34
* Neonc Technologies Holdings Inc.      4,845         34
* DocGo Inc.     52,945         33
* Rapid Micro Biosystems Inc. Class A     14,085         32
* Lucid Diagnostics Inc.     28,118         32
* Cartesian Therapeutics Inc. (XNMS)      5,207         32
* LENSAR Inc.      5,198         31
* Fractyl Health Inc.     67,750         31
*,1 Karyopharm Therapeutics Inc.      5,513         31
* TScan Therapeutics Inc.     29,605         30
* Definitive Healthcare Corp.     24,096         30
* TuHURA Biosciences Inc.     16,774         30
* Pulmonx Corp.     22,314         29
* Annovis Bio Inc.     12,723         28
* Sangamo Therapeutics Inc.    102,568         25
* Scilex Holding Co.      3,805         25
* Cognition Therapeutics Inc.     31,797         24
* BioSig Technologies Inc.     21,128         24
* Precision BioSciences Inc.      4,452         24
* Rani Therapeutics Holdings Inc. Class A     31,501         23
* Rockwell Medical Inc.     25,806         23
* Accuray Inc.     51,997         20
*,2 Tobira Therapeutics Inc. CVR      4,500         20
* Aardvark Therapeutics Inc.      4,951         19
* Biote Corp. Class A     12,979         18
* Generate Biomedicines Inc.      1,473         18
* CytoSorbents Corp.     29,596         17
* Nuvectis Pharma Inc.      2,070         16
*,2 Inhibrx Inc. CVR     22,181         14
* Acumen Pharmaceuticals Inc.      5,500         13
* Atara Biotherapeutics Inc.      2,844         13
* Atlantic International Corp.      4,059         12
*,2 Spectrum Pharmaceuticals Inc. CVR    109,299          9
* Milestone Scientific Inc.     11,238          3
*,2 Coherus Biosciences Inc. CVR     15,512          1
*,2 OmniAb Inc. 12.5 Earnout      3,939         —
*,2 OmniAb Inc. 15 Earnout      3,939         —
*,2 Traws Pharma Inc. CVR     14,441         —
*,2 Ikena Oncology Inc. CVR     37,037         —
              2,921,598
Industrials (12.5%)
  Visa Inc. Class A    734,973    222,138
  Mastercard Inc. Class A    383,814    191,777
  Caterpillar Inc.    224,216    158,848
  General Electric Co.    480,045    136,222
  RTX Corp.    647,052    124,816
  GE Vernova Inc.    129,927    113,413
* Boeing Co.    378,502     75,333
  American Express Co.    231,666     70,074
  Deere & Co.    123,673     69,665
  Union Pacific Corp.    286,162     69,429
  Honeywell International Inc.    306,560     69,292

    Shares Market
Value
($000)
  Lockheed Martin Corp.    110,965     67,066
  Eaton Corp. plc    187,206     66,958
  Accenture plc Class A    297,713     59,034
  Capital One Financial Corp.    300,486     54,818
  Parker-Hannifin Corp.     60,838     54,465
  Northrop Grumman Corp.     68,315     46,607
  Howmet Aerospace Inc.    193,691     44,638
  Trane Technologies plc    106,702     44,467
  General Dynamics Corp.    117,093     40,189
  Quanta Services Inc.     72,115     39,593
  Automatic Data Processing Inc.    193,917     39,400
  Johnson Controls International plc    294,940     38,622
  3M Co.    255,216     37,065
  CSX Corp.    897,817     36,855
  Sherwin-Williams Co.    113,562     36,402
  FedEx Corp.    102,061     36,352
  Cummins Inc.     66,495     35,776
  Emerson Electric Co.    271,727     35,602
  United Parcel Service Inc. Class B (XNYS)    358,387     35,258
  Illinois Tool Works Inc.    132,031     34,366
  CRH plc    323,344     33,990
  TransDigm Group Inc.     27,194     31,517
  Norfolk Southern Corp.    108,258     31,070
  L3Harris Technologies Inc.     89,758     30,980
  PACCAR Inc.    253,258     29,251
  Cintas Corp.    164,194     27,772
  WW Grainger Inc.     21,719     23,691
  Comfort Systems USA Inc.     17,095     23,574
  AMETEK Inc.    109,947     23,568
* Keysight Technologies Inc.     82,766     23,371
  United Rentals Inc.     30,287     22,066
  Ferguson Enterprises Inc.     94,244     21,983
  Carrier Global Corp.    381,587     21,487
  Westinghouse Air Brake Technologies Corp.     82,076     20,512
  Rockwell Automation Inc.     53,963     19,366
  PayPal Holdings Inc. (XNGS)    413,774     18,715
  Old Dominion Freight Line Inc.     90,044     17,595
* Rocket Lab Corp.    272,964     17,530
* Bloom Energy Corp. Class A    128,193     17,369
  Vulcan Materials Co.     62,852     17,115
  Martin Marietta Materials Inc.     28,964     17,051
  EMCOR Group Inc.     21,467     15,849
* Block Inc. (XNYS)    262,850     15,818
* Axon Enterprise Inc.     36,718     15,594
  Ingersoll Rand Inc. (XYNS)    187,872     15,052
  Otis Worldwide Corp.    187,422     14,446
  Paychex Inc.    154,893     14,269
  Dow Inc.    340,339     14,175
  Xylem Inc.    117,188     14,004
  Dover Corp.     65,728     13,701
* Teledyne Technologies Inc.     22,204     13,434
  Sunbelt Rentals Holdings Inc.    200,033     13,020
* Fiserv Inc.    230,827     12,880
  Verisk Analytics Inc.     66,322     12,585
  Hubbell Inc.     25,528     12,528
* Mettler-Toledo International Inc.      9,797     12,356
  FTAI Aviation Ltd.     49,416     12,107
  Curtiss-Wright Corp.     17,712     12,064
* Fair Isaac Corp.     10,841     11,573
  Fidelity National Information Services Inc.    246,466     11,562
  PPG Industries Inc.    107,764     11,518
  Synchrony Financial    166,470     11,323
  HEICO Corp. Class A     51,071     10,781
* XPO Inc.     53,562     10,420
  Equifax Inc.     57,751     10,399
  Woodward Inc.     28,722     10,280
  Veralto Corp.    113,051      9,996
  Smurfit Westrock plc    250,613      9,987
* MasTec Inc.     30,262      9,736
* ATI Inc.     65,890      9,584

    Shares Market
Value
($000)
  CH Robinson Worldwide Inc.     57,282      9,513
* Corpay Inc.     31,842      9,266
  nVent Electric plc     78,145      9,243
  Expeditors International of Washington Inc.     64,327      9,214
  Snap-on Inc.     25,064      9,104
  Packaging Corp. of America     42,882      9,100
  DuPont de Nemours Inc.    196,281      8,990
  BWX Technologies Inc.     43,727      8,942
  Fortive Corp.    147,899      8,176
  ITT Inc.     41,481      7,903
  JB Hunt Transport Services Inc.     36,436      7,721
  Ball Corp.    128,799      7,613
  MKS Inc.     32,397      7,445
  Huntington Ingalls Industries Inc.     19,462      7,394
  Global Payments Inc. (XNYS)    109,382      7,361
  Textron Inc.     83,674      7,326
* Trimble Inc.    111,619      7,281
  Jacobs Solutions Inc.     56,194      7,152
* API Group Corp.    175,132      7,096
  Lennox International Inc.     15,035      6,978
  Pentair plc     78,324      6,823
  Nordson Corp.     25,621      6,817
  IDEX Corp.     35,879      6,801
  Graco Inc.     80,099      6,780
  Lincoln Electric Holdings Inc.     26,887      6,697
  Carlisle Cos. Inc.     19,653      6,557
  TransUnion     92,943      6,431
  WESCO International Inc.     23,343      6,387
* QXO Inc.    322,425      6,261
* Kratos Defense & Security Solutions Inc.     88,697      6,254
  RPM International Inc.     61,539      6,117
  Watsco Inc.     16,722      6,083
  Allegion plc     41,618      6,047
  Regal Rexnord Corp.     32,033      5,998
  Masco Corp.     97,717      5,899
* Affirm Holdings Inc.    126,669      5,804
* Sterling Infrastructure Inc.     14,246      5,802
* Modine Manufacturing Co.     25,407      5,506
* Generac Holdings Inc.     28,148      5,498
  Crown Holdings Inc.     54,508      5,464
  Jack Henry & Associates Inc.     34,359      5,430
  Stanley Black & Decker Inc.     76,058      5,405
  AECOM     61,876      5,248
  Advanced Drainage Systems Inc.     37,385      5,127
* TopBuild Corp.     14,071      4,943
* Zebra Technologies Corp. Class A     23,494      4,912
  Applied Industrial Technologies Inc.     18,057      4,791
* SPX Technologies Inc.     23,785      4,756
  Donaldson Co. Inc.     55,340      4,697
  Allison Transmission Holdings Inc.     39,889      4,669
* Dycom Industries Inc.     13,621      4,615
* Chart Industries Inc.     21,947      4,538
  Booz Allen Hamilton Holding Corp.     57,933      4,521
* Saia Inc.     12,852      4,515
* Core & Main Inc. Class A     91,384      4,514
  Flowserve Corp.     61,055      4,488
  Oshkosh Corp.     29,959      4,410
  Toro Co.     46,885      4,381
* Karman Holdings Inc.     53,780      4,305
  Knight-Swift Transportation Holdings Inc.     73,808      4,250
  CNH Industrial NV    382,594      4,209
  Owens Corning     38,397      4,155
* Builders FirstSource Inc.     50,264      4,138
  Littelfuse Inc.     12,180      4,133
  Crane Co.     24,129      4,126
  Acuity Inc.     14,673      4,112
  Moog Inc. Class A     13,675      4,002
  Cognex Corp.     79,834      3,911
  AptarGroup Inc.     30,757      3,876
  Watts Water Technologies Inc. Class A     13,122      3,809

    Shares Market
Value
($000)
  Tetra Tech Inc.    124,730      3,757
* Planet Labs PBC    129,787      3,628
  A O Smith Corp.     54,175      3,572
  Primoris Services Corp.     24,728      3,537
  Valmont Industries Inc.      8,741      3,493
  ESCO Technologies Inc.     12,372      3,481
  Argan Inc.      6,361      3,465
  Armstrong World Industries Inc.     21,010      3,462
  Ryder System Inc.     16,863      3,452
* Kirby Corp.     25,940      3,447
  Zurn Elkay Water Solutions Corp.     76,462      3,429
  Simpson Manufacturing Co. Inc.     19,809      3,400
* AeroVironment Inc.     17,909      3,278
* Aurora Innovation Inc.    792,072      3,263
* Fluor Corp.     69,727      3,253
  Terex Corp.     54,189      3,203
  JBT Marel Corp.     25,041      3,202
  AGCO Corp.     27,625      3,201
  Air Lease Corp.     49,108      3,189
  EnerSys     18,340      3,186
  UL Solutions Inc. Class A     37,154      3,184
  Federal Signal Corp.     29,061      3,143
  Sealed Air Corp.     73,306      3,083
  MSA Safety Inc.     18,777      3,078
  Genpact Ltd.     80,555      3,001
  Installed Building Products Inc.     11,156      2,958
  GATX Corp.     17,120      2,923
* Middleby Corp.     22,006      2,918
* Everus Construction Group Inc.     24,656      2,911
  AAON Inc.     34,519      2,856
* GXO Logistics Inc.     55,061      2,855
  Eagle Materials Inc.     15,017      2,845
* Axalta Coating Systems Ltd.    101,492      2,811
* Gates Industrial Corp. plc    120,116      2,716
  Esab Corp.     27,427      2,651
  Landstar System Inc.     16,480      2,642
* FTI Consulting Inc.     14,807      2,617
  Arcosa Inc.     24,447      2,595
  Enpro Inc.     10,292      2,580
  Powell Industries Inc.      4,724      2,556
  Sonoco Products Co.     46,989      2,542
  Granite Construction Inc.     21,147      2,535
* WEX Inc.     16,515      2,527
  HEICO Corp.      9,211      2,526
* Mohawk Industries Inc.     24,909      2,453
  Sensata Technologies Holding plc     69,584      2,451
  Vontier Corp.     66,588      2,362
* Knife River Corp.     28,460      2,324
  Matson Inc.     14,135      2,317
  VSE Corp.     12,450      2,296
* Joby Aviation Inc.    277,356      2,291
* Construction Partners Inc. Class A     20,552      2,284
  Ralliant Corp.     54,322      2,259
  Fortune Brands Innovations Inc.     57,781      2,252
  Brunswick Corp.     30,898      2,248
* Paylocity Holding Corp.     20,658      2,232
  Louisiana-Pacific Corp.     30,502      2,219
* ExlService Holdings Inc.     72,546      2,209
  Badger Meter Inc.     14,154      2,156
* StandardAero Inc.     83,396      2,154
  Belden Inc.     18,576      2,133
  CSW Industrials Inc.      8,064      2,101
* Mirion Technologies Inc.    112,505      2,091
  Mueller Water Products Inc. Class A     75,661      2,080
* MYR Group Inc.      7,362      2,078
* Resideo Technologies Inc.     61,441      2,071
  Brink's Co.     19,835      2,055
* IES Holdings Inc.      4,288      2,043
* ACI Worldwide Inc.     49,344      2,024
* Itron Inc.     21,982      1,970

    Shares Market
Value
($000)
* OSI Systems Inc.      7,327      1,945
* AAR Corp.     17,696      1,937
  MSC Industrial Direct Co. Inc. Class A     20,971      1,935
  AZZ Inc.     15,165      1,898
* Mercury Systems Inc.     25,901      1,888
* Amentum Holdings Inc.     70,275      1,833
  Leonardo DRS Inc.     40,579      1,807
* Trex Co. Inc.     49,486      1,802
* Vicor Corp.     11,193      1,802
  Franklin Electric Co. Inc.     19,142      1,764
  UniFirst Corp.      6,994      1,760
*,1 Ondas Inc.    194,347      1,757
  Otter Tail Corp.     19,523      1,714
  International Seaways Inc.     23,408      1,706
  Tutor Perini Corp.     21,780      1,681
* Symbotic Inc.     31,551      1,679
  Maximus Inc.     26,112      1,674
  Kadant Inc.      5,638      1,648
  Patrick Industries Inc.     14,786      1,642
  Silgan Holdings Inc.     42,015      1,630
* BILL Holdings Inc.     42,472      1,627
  ADT Inc.    244,165      1,604
  Brady Corp. Class A     19,654      1,597
  Herc Holdings Inc.     15,991      1,592
* NCR Atleos Corp.     36,236      1,579
  HB Fuller Co.     25,517      1,574
  Exponent Inc.     23,698      1,546
  Korn Ferry     24,334      1,532
  Griffon Corp.     20,938      1,522
  Standex International Corp.      5,968      1,521
* Archer Aviation Inc. Class A    280,831      1,452
  WillScot Holdings Corp.     83,170      1,444
  Graphic Packaging Holding Co.    143,191      1,423
  GPGI Inc. Class A     82,849      1,417
* Euronet Worldwide Inc.     20,661      1,371
* Centuri Holdings Inc.     46,737      1,365
* Hayward Holdings Inc.     99,907      1,337
  Western Union Co.    150,699      1,316
  Kennametal Inc.     35,439      1,280
* Remitly Global Inc.     81,184      1,272
  McGrath RentCorp.     11,479      1,266
  Boise Cascade Co.     16,254      1,233
  Trinity Industries Inc.     37,732      1,214
* Forgent Power Solutions Inc.     40,859      1,196
  Robert Half Inc.     46,890      1,191
* RXO Inc.     80,252      1,173
* Loar Holdings Inc.     20,291      1,162
  ABM Industries Inc.     29,098      1,121
  ArcBest Corp.     11,004      1,082
*,1 Intuitive Machines Inc.     57,582      1,069
* Huron Consulting Group Inc.      8,035      1,024
  Helios Technologies Inc.     15,568      1,007
* Astronics Corp.     14,799        988
* GEO Group Inc.     58,332        981
  Atkore Inc.     16,623        979
* V2X Inc.     14,195        972
  Crane NXT Co.     23,945        972
  Hub Group Inc. Class A     26,639        960
* Verra Mobility Corp.     67,010        958
* Legence Corp. Class A     16,484        931
  Enerpac Tool Group Corp.     25,202        919
*,1 Shift4 Payments Inc. Class A     20,746        907
* CoreCivic Inc.     46,886        887
* Amprius Technologies Inc.     51,956        876
* DXP Enterprises Inc.      6,227        870
* Firefly Aerospace Inc.     30,269        862
* Blue Bird Corp.     15,067        856
* CECO Environmental Corp.     14,363        856
  Bel Fuse Inc. Class B      4,320        855
  EVERTEC Inc.     30,074        849

    Shares Market
Value
($000)
  Alamo Group Inc.      5,099        841
* Hillman Solutions Corp.     98,734        821
  Greenbrier Cos. Inc.     14,800        779
* Eos Energy Enterprises Inc.    155,527        771
* Ducommun Inc.      6,299        768
  Werner Enterprises Inc.     26,019        765
* Babcock & Wilcox Enterprises Inc.     51,231        753
* O-I Glass Inc.     70,949        746
* Thermon Group Holdings Inc.     14,789        745
* Marqeta Inc. Class A    182,698        745
  Greif Inc. Class A     10,943        734
* ASGN Inc.     18,833        729
* Paymentus Holdings Inc. Class A     28,496        724
  Albany International Corp. Class A     13,748        718
  ManpowerGroup Inc.     23,318        687
  Pitney Bowes Inc.     61,940        684
* Flywire Corp.     56,538        658
  Napco Security Technologies Inc.     16,664        656
* Upwork Inc.     59,737        655
* CBIZ Inc.     23,899        642
  Astec Industries Inc.     11,692        629
  Schneider National Inc. Class B     23,594        622
* Proto Labs Inc.     10,529        600
* Cimpress plc      8,202        599
  United States Lime & Minerals Inc.      4,536        592
* Donnelley Financial Solutions Inc.     12,457        587
  TriMas Corp.     16,343        587
* Payoneer Global Inc.    120,969        584
* Redwire Corp.     68,088        579
  Deluxe Corp.     20,987        578
* TIC Solutions Inc.     87,046        573
  ICF International Inc.      8,466        553
  Lindsay Corp.      4,615        550
* Gibraltar Industries Inc.     13,520        539
  Gorman-Rupp Co.      8,658        538
  Tennant Co.      8,097        538
  TriNet Group Inc.     14,529        529
* Masterbrand Inc.     62,791        522
* Sezzle Inc.      8,232        521
* Willdan Group Inc.      6,583        504
* Evolv Technologies Holdings Inc.     82,361        498
  CRA International Inc.      3,019        489
  Douglas Dynamics Inc.     11,414        480
* Enovix Corp.     91,909        476
  Allient Inc.      7,997        473
  Greif Inc. Class B      5,354        469
* Legalzoom.com Inc.     82,512        468
  Insperity Inc.     17,127        463
* First Advantage Corp.     38,696        455
* Great Lakes Dredge & Dock Corp.     26,666        453
* Vestis Corp.     56,355        443
  Barrett Business Services Inc.     14,988        437
  Quanex Building Products Corp.     23,931        430
* Cantaloupe Inc.     39,796        430
* BrightView Holdings Inc.     36,394        429
* Limbach Holdings Inc.      5,413        422
*,1 PureCycle Technologies Inc.     80,716        419
  Cadre Holdings Inc.     13,114        402
* Graham Corp.      5,076        401
* Alliance Laundry Holdings Inc.     19,330        401
* EquipmentShare.com Inc. Class A     19,333        394
  Myers Industries Inc.     18,163        385
* BlackSky Technology Inc.     14,810        373
* Montrose Environmental Group Inc.     16,810        368
  Preformed Line Products Co.      1,296        351
  Bel Fuse Inc. Class A      1,905        343
  Apogee Enterprises Inc.     10,054        337
* Resolute Holdings Management Inc.      2,020        328
  Insteel Industries Inc.      9,592        322
* York Space Systems Inc.     14,198        315

    Shares Market
Value
($000)
* Transcat Inc.      4,253        312
* Green Dot Corp. Class A     27,515        309
* Janus International Group Inc.     59,665        307
  National Presto Industries Inc.      2,118        290
  Miller Industries Inc.      6,329        288
  Ennis Inc.     13,415        287
* American Woodmark Corp.      7,168        285
  Heartland Express Inc.     27,292        284
  Cass Information Systems Inc.      6,170        272
  Kforce Inc.      9,156        268
* LightPath Technologies Inc. Class A     26,322        264
* Vishay Precision Group Inc.      6,042        262
  LSI Industries Inc.     13,908        259
  Park Aerospace Corp.      9,373        257
* Voyager Technologies Inc. Class A     10,831        253
* Power Solutions International Inc.      4,119        251
* Energy Recovery Inc.     24,639        248
  FTAI Infrastructure Inc.     49,035        242
  Mesa Laboratories Inc.      2,715        240
  Marten Transport Ltd.     18,219        239
* Satellogic Inc. Class A     43,758        238
* Beta Technologies Inc. Class A     15,450        227
* Manitowoc Co. Inc.     19,161        223
* Orion Group Holdings Inc.     20,429        223
* Bowman Consulting Group Ltd.      7,838        223
* International Money Express Inc.     14,001        221
* BlueLinx Holdings Inc.      3,968        215
  Columbus McKinnon Corp.     14,700        214
* Custom Truck One Source Inc.     30,818        202
  Covenant Logistics Group Inc.      7,410        201
* Cardinal Infrastructure Group Inc. Class A      4,964        197
* Titan Machinery Inc.     11,692        195
* Lightbridge Corp.     17,030        182
* Titan International Inc.     26,196        181
* CryoPort Inc.     20,974        174
  Luxfer Holdings plc     14,214        173
* I3 Verticals Inc. Class A      7,669        171
  Willis Lease Finance Corp.        990        169
* Byrna Technologies Inc.     18,123        166
* Spire Global Inc.     13,166        166
* Atlanticus Holdings Corp.      3,058        160
* Mayville Engineering Co. Inc.      8,573        154
  Wabash National Corp.     17,782        153
  Park-Ohio Holdings Corp.      6,341        152
* Cross Country Healthcare Inc.     15,919        150
* Andersen Group Inc. Class A      5,502        150
* FreightCar America Inc.     18,616        148
  Hyster-Yale Inc.      4,555        148
* Forward Air Corp.      8,627        144
* Aspen Aerogels Inc.     41,919        143
  Kelly Services Inc. Class A     16,061        142
* Southland Holdings Inc.    106,060        138
* Microvast Holdings Inc.     89,533        134
* L B Foster Co. Class A      4,719        132
  Twin Disc Inc.      8,786        132
* Mistras Group Inc.      8,854        131
* Pattern Group Inc. Class A     10,451        130
* Target Hospitality Corp.     13,790        128
* Innovative Solutions & Support Inc.      6,189        127
* Hudson Technologies Inc.     21,345        126
* Frequency Electronics Inc.      2,850        126
* Distribution Solutions Group Inc.      4,741        124
  Alight Inc. Class A    211,164        123
* Richtech Robotics Inc. Class B     58,853        123
  Quad / Graphics Inc.     18,359        121
* Velo3D Inc.     12,332        116
* Paysign Inc.     19,571        115
* Core Molding Technologies Inc.      5,108        114
  Karat Packaging Inc.      4,045        113
* Strata Critical Medical Inc.     27,025        113

    Shares Market
Value
($000)
* Acacia Research Corp.     23,183        112
* Eve Holding Inc.     44,523        110
* Hyliion Holdings Corp.     61,728        109
* TSS Inc.      8,279        108
* Concrete Pumping Holdings Inc.     14,940        107
* 3D Systems Corp.     55,905        105
* AerSale Corp.     16,765        104
* Sky Harbour Group Corp.     10,579        102
* Gencor Industries Inc.      6,545         98
* Radiant Logistics Inc.     13,691         97
* Commercial Vehicle Group Inc.     27,624         94
* Ranpak Holdings Corp.     26,360         94
* M-Tron Industries Inc. (XASE)      1,330         89
* Conduent Inc.     68,792         88
* Proficient Auto Logistics Inc.     12,910         88
* NeoVolta Inc.     25,063         77
* Franklin Covey Co.      4,758         75
  Resources Connection Inc.     19,455         73
*,1 Virgin Galactic Holdings Inc.     30,211         73
  EVI Industries Inc.      3,388         70
  Information Services Group Inc.     17,814         68
  Espey Mfg. & Electronics Corp.      1,231         68
* Priority Technology Holdings Inc.     14,318         68
* Repay Holdings Corp.     25,395         66
*,1 Palladyne AI Corp.     10,870         66
* TOMI Environmental Solutions Inc.    115,019         64
*,1 T3 Defense Inc.     88,506         63
* Terrestrial Energy Inc.     10,428         63
* TrueBlue Inc.     15,923         62
* ZipRecruiter Inc. Class A     33,520         62
* CEA Industries Inc.     20,438         60
  BGSF Inc.      8,582         56
* AIRO Group Holdings Inc.      6,805         52
* CPI Card Group Inc.      3,492         51
* JELD-WEN Holding Inc.     40,265         50
* RF Industries Ltd.      4,448         46
* SKYX Platforms Corp.     41,323         46
* Forrester Research Inc.      7,883         45
* Taylor Devices Inc.        790         45
* Research Solutions Inc.     18,808         43
* Sidus Space Inc. Class A     17,556         41
  TaskUS Inc. Class A      5,949         40
  Eastern Co.      1,928         39
* SoundThinking Inc.      5,845         39
* DHI Group Inc.     12,669         36
* Wrap Technologies Inc.     23,362         36
* AEye Inc.     17,608         32
* AirJoule Technologies Corp.     11,338         28
* FG Nexus Inc.      5,556         28
* Tecogen Inc.      8,681         22
* Advantage Solutions Inc.        738         16
  Alta Equipment Group Inc.      2,798         15
* Team Inc.        676         11
  HireQuest Inc.        970         10
* Xos Inc.        150         —
              3,799,374
Other (0.0%)3
*,2 Alexza Pharmaceuticals Inc. CVR     80,591          3
*,2 Aduro Biotech Inc. CVR     11,427          2
*,2 Ambit Biosciences Corp. CVR     29,736         —
*,1,2 Next Bridge Hydrocarbons Inc.     49,663         —
*,2 Carisma Therapeutics Inc. CVR    143,290         —
*,2 Magenta Therapeutics Inc. CVR     33,990         —
*,2 Neurogene Inc. CVR      4,286         —
*,2 Homology Medicines Inc. CVR     30,844         —
                      5
Real Estate (2.4%)
  Welltower Inc.    336,433     66,516
  Prologis Inc.    446,364     59,000

    Shares Market
Value
($000)
  Equinix Inc.     47,353     46,417
  American Tower Corp.    224,949     38,822
  Digital Realty Trust Inc.    165,747     29,869
  Simon Property Group Inc.    149,119     27,815
  Realty Income Corp.    449,631     27,508
  Public Storage     75,915     20,564
* CBRE Group Inc. Class A    144,400     19,560
  Ventas Inc.    228,534     18,690
  Crown Castle Inc.    210,155     17,088
  Iron Mountain Inc.    135,126     13,802
  Extra Space Storage Inc.    101,384     13,295
  VICI Properties Inc. (XNYS)    473,725     12,942
  AvalonBay Communities Inc.     67,880     11,088
  Equity Residential    173,133     10,241
  SBA Communications Corp.     51,912      8,935
  Weyerhaeuser Co.    346,996      8,477
* CoStar Group Inc.    201,920      8,145
  Essex Property Trust Inc.     31,362      7,590
  Sun Communities Inc.     59,529      7,498
  WP Carey Inc.    108,789      7,393
  Kimco Realty Corp.    326,142      7,328
  Mid-America Apartment Communities Inc.     56,627      6,915
  Invitation Homes Inc.    277,555      6,897
* Jones Lang LaSalle Inc.     22,494      6,845
  Regency Centers Corp.     88,137      6,668
  Host Hotels & Resorts Inc.    330,149      6,326
  Omega Healthcare Investors Inc.    141,912      6,219
  Gaming & Leisure Properties Inc.    129,516      5,747
  Equity LifeStyle Properties Inc.     90,155      5,628
  Healthpeak Properties Inc.    333,019      5,472
  UDR Inc.    159,642      5,393
  Lamar Advertising Co. Class A     42,080      5,330
  Camden Property Trust     49,682      4,852
  EastGroup Properties Inc.     25,872      4,789
  Federal Realty Investment Trust     41,508      4,409
  American Homes 4 Rent Class A    157,285      4,391
  Agree Realty Corp.     58,053      4,376
  Brixmor Property Group Inc.    147,093      4,236
  American Healthcare REIT Inc.     89,127      4,203
  CubeSmart    112,055      4,107
  BXP Inc.     76,632      3,977
  CareTrust REIT Inc.    107,223      3,930
  NNN REIT Inc.     91,986      3,866
  Alexandria Real Estate Equities Inc.     82,615      3,835
  First Industrial Realty Trust Inc.     65,270      3,776
  Rexford Industrial Realty Inc.    111,107      3,637
  STAG Industrial Inc.     92,183      3,324
* Zillow Group Inc. Class C     79,884      3,306
  Rayonier Inc.    149,539      3,084
  Essential Properties Realty Trust Inc.    100,470      3,050
  Terreno Realty Corp.     49,384      3,033
  Healthcare Realty Trust Inc.    169,278      2,876
  Ryman Hospitality Properties Inc.     29,170      2,692
* Compass Inc. Class A    343,090      2,508
  Macerich Co.    125,292      2,368
  Kite Realty Group Trust     96,394      2,366
  Sabra Health Care REIT Inc.    122,166      2,349
  HA Sustainable Infrastructure Capital Inc.     61,519      2,261
  Vornado Realty Trust     86,486      2,248
  Phillips Edison & Co. Inc.     59,475      2,226
  Millrose Properties Inc.     73,774      2,066
  Outfront Media Inc.     76,182      2,019
  Tanger Inc.     55,183      1,875
* Opendoor Technologies Inc.    387,346      1,813
  Cousins Properties Inc.     79,464      1,794
  National Health Investors Inc.     21,875      1,769
  Independence Realty Trust Inc.    115,373      1,718
  EPR Properties     34,053      1,701
  COPT Defense Properties     54,949      1,681
  Broadstone Net Lease Inc.     90,450      1,653

    Shares Market
Value
($000)
  Kilroy Realty Corp.     56,401      1,591
  Americold Realty Trust Inc.    131,897      1,512
  DigitalBridge Group Inc.     89,216      1,376
* Cushman & Wakefield Ltd.    110,617      1,356
  SL Green Realty Corp.     34,779      1,285
  St. Joe Co.     19,780      1,242
  National Storage Affiliates Trust     32,617      1,231
  Four Corners Property Trust Inc.     51,435      1,216
  LXP Industrial Trust     26,252      1,214
  Curbline Properties Corp.     46,866      1,209
  Urban Edge Properties     59,376      1,186
  Acadia Realty Trust     61,567      1,177
  InvenTrust Properties Corp.     38,414      1,170
* Howard Hughes Holdings Inc.     18,305      1,158
  Apple Hospitality REIT Inc.     99,625      1,147
  Highwoods Properties Inc.     51,084      1,094
  Lineage Inc.     32,795      1,074
* Zillow Group Inc. Class A     25,282      1,046
  Getty Realty Corp.     31,551      1,003
  Newmark Group Inc. Class A     66,717      1,000
1 Medical Properties Trust Inc.    213,657        989
  Global Net Lease Inc.    102,013        955
  Park Hotels & Resorts Inc.     83,217        876
  DiamondRock Hospitality Co.     92,660        868
  LTC Properties Inc.     23,065        857
  NETSTREIT Corp.     45,416        855
  Sunstone Hotel Investors Inc.     88,942        801
  Douglas Emmett Inc.     79,423        748
  Diversified Healthcare Trust    106,126        705
  Innovative Industrial Properties Inc.     13,937        699
  Veris Residential Inc.     36,200        683
  Pebblebrook Hotel Trust     52,833        667
  Xenia Hotels & Resorts Inc.     43,647        647
  Sila Realty Trust Inc.     27,106        642
  Smartstop Self Storage REIT Inc.     20,915        633
  Easterly Government Properties Inc.     26,354        565
  UMH Properties Inc.     37,313        538
  Kennedy-Wilson Holdings Inc.     49,361        534
  RLJ Lodging Trust     71,687        532
* Janus Living Inc. Class A     21,762        513
  Centerspace      8,787        505
  American Assets Trust Inc.     23,012        424
* Piedmont Realty Trust Inc.     60,395        397
  Whitestone REIT     24,083        389
  Safehold Inc.     28,260        382
  Peakstone Realty Trust REIT     17,879        374
  Empire State Realty Trust Inc. Class A     66,943        348
  JBG SMITH Properties     20,990        307
  Saul Centers Inc.      9,374        305
  CTO Realty Growth Inc.     15,689        290
  eXp World Holdings Inc.     46,602        279
  Marcus & Millichap Inc.     10,505        279
  Universal Health Realty Income Trust      6,631        268
  NexPoint Residential Trust Inc.     10,105        253
  Gladstone Commercial Corp.     21,342        244
  Summit Hotel Properties Inc.     54,946        243
  Postal Realty Trust Inc. Class A     13,002        241
  Brandywine Realty Trust     86,155        234
  Community Healthcare Trust Inc.     14,747        234
  AH Realty Trust Inc.     41,418        228
* Forestar Group Inc.      9,188        225
  Alexander's Inc.        870        206
  CBL & Associates Properties Inc.      5,303        204
  Chatham Lodging Trust     24,812        195
* Tejon Ranch Co.     10,322        194
  Gladstone Land Corp.     18,110        185
  One Liberty Properties Inc.      8,111        174
  Apartment Investment & Management Co. Class A     42,836        174
  FrontView REIT Inc.     11,095        172
  Industrial Logistics Properties Trust     27,535        156

    Shares Market
Value
($000)
  Chiron Real Estate Inc.      4,630        153
  Farmland Partners Inc.     13,085        147
* Hudson Pacific Properties Inc.     24,604        145
* FRP Holdings Inc.      6,382        140
* Seaport Entertainment Group Inc.      4,945        106
  RMR Group Inc. Class A      6,703        104
  Braemar Hotels & Resorts Inc.     41,427         98
  Service Properties Trust     72,496         98
* Maui Land & Pineapple Co. Inc.      6,316         97
  Alpine Income Property Trust Inc.      5,409         97
  SITE Centers Corp.     17,826         96
  Modiv Industrial Inc.      6,088         87
  NET Lease Office Properties      7,075         82
  Elme Communities     39,830         80
  Orion Properties Inc.     34,834         75
* Douglas Elliman Inc.     42,189         69
* Seritage Growth Properties Class A     21,810         61
* RE / MAX Holdings Inc. Class A     10,246         59
* Stratus Properties Inc.      1,938         59
* Ashford Hospitality Trust Inc.     14,930         41
  Bluerock Homes Trust Inc.      2,283         26
* Altisource Portfolio Solutions SA      3,606         23
  BRT Apartments Corp.      1,390         19
                718,852
Technology (36.2%)
  NVIDIA Corp. 11,124,516  1,940,116
  Apple Inc.  7,073,940  1,795,295
  Microsoft Corp.  3,578,255  1,324,563
  Alphabet Inc. Class A  2,800,262    805,243
  Broadcom Inc.  2,285,006    707,232
  Alphabet Inc. Class C  2,232,901    640,530
  Meta Platforms Inc. Class A  1,054,158    603,115
  Micron Technology Inc.    542,725    183,354
* Advanced Micro Devices Inc.    786,180    159,933
* Palantir Technologies Inc. Class A  1,048,776    153,415
  Applied Materials Inc.    382,403    130,702
  Lam Research Corp.    601,810    128,583
  Oracle Corp.    830,670    122,200
  International Business Machines Corp.    452,181    109,604
  KLA Corp.     63,157     92,993
  Texas Instruments Inc.    437,733     84,981
* Intel Corp.  1,925,586     84,976
  Salesforce Inc.    429,525     80,179
  Amphenol Corp. Class A    592,701     74,888
  Analog Devices Inc.    235,302     74,859
  QUALCOMM Inc.    514,208     66,220
* Palo Alto Networks Inc.    393,558     63,095
  Intuit Inc.    134,273     58,057
* ServiceNow Inc.    504,920     52,789
  Corning Inc.    371,822     50,557
* Adobe Inc.    198,064     48,145
* AppLovin Corp. Class A    118,613     47,208
  Vertiv Holdings Co. Class A    184,179     46,152
* Crowdstrike Holdings Inc. Class A    115,894     45,246
* Sandisk Corp.     70,336     44,687
  Western Digital Corp.    163,923     44,340
  Marvell Technology Inc.    421,899     41,789
  Seagate Technology Holdings plc    105,409     41,295
* Cadence Design Systems Inc.    132,630     36,854
* Synopsys Inc.     92,123     36,525
* Cloudflare Inc. Class A    145,113     29,943
  TE Connectivity plc    141,394     29,554
* DoorDash Inc. Class A    167,531     25,155
* Autodesk Inc.    102,022     24,424
  Monolithic Power Systems Inc.     22,258     24,336
  Dell Technologies Inc. Class C    144,450     23,709
* Snowflake Inc.    156,363     23,583
* Fortinet Inc.    284,404     23,242
  Teradyne Inc.     75,329     22,332

    Shares Market
Value
($000)
* Coherent Corp.     90,166     21,478
* Strategy Inc.    151,038     18,850
* Datadog Inc. Class A    157,781     18,626
  Roper Technologies Inc.     49,453     17,499
  Microchip Technology Inc.    259,877     16,791
  Hewlett Packard Enterprise Co.    638,615     15,205
  Cognizant Technology Solutions Corp. Class A    229,755     14,095
* Workday Inc. Class A    102,090     13,264
  Jabil Inc.     48,092     12,775
* ON Semiconductor Corp.    189,431     11,730
  Qnity Electronics Inc.    100,912     11,643
* Flex Ltd.    176,171     11,532
* CoreWeave Inc. Class A    139,406     10,800
  VeriSign Inc.     39,670      9,852
* Zoom Communications Inc.    121,221      9,745
  NetApp Inc. (XNGS)     93,144      9,537
  Leidos Holdings Inc.     60,631      9,429
* Twilio Inc. Class A     72,856      9,167
* MongoDB Inc.     37,240      9,115
* Fabrinet     17,297      9,021
* Everpure Inc. Class A    150,396      8,879
* Reddit Inc. Class A     63,735      8,582
  Entegris Inc.     73,181      8,580
  HP Inc.    438,837      8,430
* Akamai Technologies Inc.     71,467      8,208
* PTC Inc.     57,009      8,123
* F5 Inc.     27,082      7,836
* Astera Labs Inc.     69,577      7,626
  CDW Corp.     61,883      7,489
* Credo Technology Group Holding Ltd.     78,177      7,338
* MACOM Technology Solutions Holdings Inc.     32,524      7,223
* Tyler Technologies Inc.     20,574      7,044
* Zscaler Inc.     49,912      7,002
  SS&C Technologies Holdings Inc.     98,699      6,669
* Okta Inc.     81,407      6,408
* Toast Inc. Class A    238,134      6,313
* Guidewire Software Inc.     40,747      6,094
* Lattice Semiconductor Corp.     65,632      6,088
  TD SYNNEX Corp.     35,324      5,960
* CACI International Inc. Class A     10,885      5,920
  Advanced Energy Industries Inc.     18,148      5,857
* HubSpot Inc.     23,996      5,857
* Super Micro Computer Inc. (XNGS)    247,995      5,647
* Atlassian Corp. Ltd. Class A     80,838      5,517
* GoDaddy Inc. Class A     63,835      5,277
* Dynatrace Inc.    142,456      5,268
* Gartner Inc.     32,155      5,091
* Nutanix Inc. Class A    129,603      4,926
  Gen Digital Inc. (XNGS)    260,467      4,905
* Samsara Inc. Class A    154,399      4,893
* Onto Innovation Inc.     23,838      4,888
* Pinterest Inc. Class A    266,443      4,887
* TTM Technologies Inc.     47,121      4,591
* IonQ Inc.    158,489      4,569
* Docusign Inc.     95,533      4,529
* Rambus Inc.     51,571      4,437
  BitMine Immersion Technologies Inc.    218,743      4,327
  Skyworks Solutions Inc.     73,191      3,919
* Manhattan Associates Inc.     28,844      3,840
* Unity Software Inc.    168,434      3,695
* FormFactor Inc.     37,898      3,676
* SiTime Corp.     10,619      3,667
* Arrow Electronics Inc.     25,315      3,630
* Cirrus Logic Inc.     24,706      3,573
* Procore Technologies Inc.     61,118      3,484
  Match Group Inc.    110,856      3,404
* Semtech Corp.     44,217      3,400
* Rubrik Inc. Class A     69,042      3,381
* Silicon Laboratories Inc.     15,898      3,309
* EPAM Systems Inc.     24,404      3,304

    Shares Market
Value
($000)
* Sanmina Corp.     24,897      3,228
* DigitalOcean Holdings Inc.     36,945      3,169
* Qorvo Inc.     39,975      3,094
* Maplebear Inc.     80,631      3,020
* Applied Digital Corp.    114,303      2,714
  Paycom Software Inc.     22,094      2,685
* Figma Inc. Class A    127,015      2,685
  Amkor Technology Inc.     59,224      2,667
* Plexus Corp.     12,849      2,602
* Terawulf Inc.    170,504      2,460
  Bentley Systems Inc. Class B     69,780      2,451
  Avnet Inc.     39,408      2,428
* D-Wave Quantum Inc.    167,257      2,414
* Cipher Digital Inc.    185,896      2,392
* Snap Inc. Class A    507,433      2,334
* Hut 8 Corp.     48,523      2,276
  KBR Inc.     61,440      2,265
* JFrog Ltd.     47,946      2,250
* Elastic NV     44,917      2,245
* UiPath Inc. Class A    195,193      2,167
  Clear Secure Inc. Class A     43,765      2,119
* Core Scientific Inc.    141,132      2,111
* Rigetti Computing Inc.    149,043      2,093
* Novanta Inc.     17,508      2,068
  Science Applications International Corp.     21,330      2,025
* SentinelOne Inc. Class A    155,389      2,001
  Universal Display Corp.     21,766      1,995
  Pegasystems Inc.     45,400      1,932
* Fastly Inc. Class A     65,305      1,898
* ServiceTitan Inc. Class A     28,834      1,830
* Allegro MicroSystems Inc.     57,527      1,814
  Dolby Laboratories Inc. Class A     29,063      1,746
* Appfolio Inc. Class A     11,006      1,737
* Commvault Systems Inc.     21,325      1,661
* CCC Intelligent Solutions Holdings Inc.    271,532      1,629
* Dropbox Inc. Class A     70,439      1,600
* Qualys Inc.     18,106      1,591
* Box Inc. Class A     65,207      1,542
* Zeta Global Holdings Corp. Class A     95,852      1,526
* Kyndryl Holdings Inc.    110,249      1,446
* AXT Inc.     25,217      1,437
* Life360 Inc.     35,208      1,437
* Impinj Inc.     13,920      1,430
* Workiva Inc.     23,856      1,423
* nLight Inc.     24,900      1,420
* Parsons Corp.     25,877      1,402
* Diodes Inc.     20,346      1,389
* Axcelis Technologies Inc.     14,880      1,385
* Klaviyo Inc. Class A     71,129      1,384
*,1 SoundHound AI Inc. Class A    199,125      1,368
* Gitlab Inc. Class A     63,180      1,367
* IPG Photonics Corp.     11,890      1,362
  Power Integrations Inc.     26,091      1,336
* Q2 Holdings Inc.     28,158      1,332
  RingCentral Inc. Class A     35,345      1,314
* Synaptics Inc.     18,091      1,267
* Cargurus Inc.     36,811      1,253
* Ultra Clean Holdings Inc.     20,009      1,244
* IAC Inc.     30,922      1,238
* Varonis Systems Inc.     54,416      1,168
  CSG Systems International Inc.     14,286      1,142
  Adeia Inc.     47,459      1,140
* Veeco Instruments Inc.     32,198      1,090
* NetScout Systems Inc.     33,975      1,080
* Cleanspark Inc.    126,603      1,077
* DXC Technology Co.     85,536      1,075
* Teradata Corp.     41,253      1,057
* Tenable Holdings Inc.     61,213      1,035
* Onestream Inc.     43,027      1,033
* Photronics Inc.     25,428      1,028

    Shares Market
Value
($000)
  Vishay Intertechnology Inc.     57,039      1,027
* SPS Commerce Inc.     18,147      1,010
* Insight Enterprises Inc.     14,924      1,000
* Ambarella Inc.     19,420      1,000
  ePlus Inc.     12,938        974
* Alarm.com Holdings Inc.     22,425        969
* Braze Inc. Class A     40,757        962
* ACM Research Inc. Class A     24,225        953
  Benchmark Electronics Inc.     16,968        951
* Xometry Inc. Class A     22,947        937
* Freshworks Inc. Class A    115,180        925
* BlackLine Inc.     24,929        922
* Rogers Corp.      8,162        876
* Agilysys Inc.     12,130        863
* nCino Inc.     55,343        829
* Navitas Semiconductor Corp.     94,483        829
  A10 Networks Inc.     35,570        822
* Magnite Inc.     68,161        810
* Blackbaud Inc.     20,862        805
* Ziff Davis Inc.     18,655        783
* Diebold Nixdorf Inc.     10,329        779
* Trump Media & Technology Group Corp.     82,784        768
* Quantum Computing Inc.    110,431        756
* Ichor Holdings Ltd.     15,837        738
* BigBear.ai Holdings Inc.    209,731        738
* LiveRamp Holdings Inc.     27,466        728
* Yelp Inc.     29,361        726
* Intapp Inc.     27,498        706
* NextNav Inc.     43,337        694
  Concentrix Corp.     25,119        687
* AvePoint Inc.     70,928        675
* MaxLinear Inc.     38,574        671
* Cohu Inc.     21,774        667
* DoubleVerify Holdings Inc.     66,255        629
* ZoomInfo Technologies Inc.    103,304        618
* Figure Technology Solutions Inc. Class A     16,787        570
* Innodata Inc.     14,533        561
* Five9 Inc.     36,070        547
* Alkami Technology Inc.     34,143        535
  CTS Corp.     11,001        525
* NCR Voyix Corp.     81,344        515
* Ouster Inc.     27,691        509
* PDF Solutions Inc.     15,460        506
* C3.ai Inc. Class A     58,593        493
* Aehr Test Systems     12,988        482
* Progress Software Corp.     18,514        475
* SEMrush Holdings Inc. Class A     39,291        469
* SkyWater Technology Inc.     16,750        459
* NIQ Global Intelligence plc     39,953        454
* Penguin Solutions Inc.     25,193        443
* Appian Corp. Class A     18,039        435
*,1 indie Semiconductor Inc. Class A    121,255        390
* ScanSource Inc.     10,672        387
* Vertex Inc. Class A     32,441        386
* SailPoint Inc.     28,074        372
* Navan Inc. Class A     28,084        372
* Daktronics Inc.     18,619        364
  Ingram Micro Holding Corp.     15,391        359
* Sprinklr Inc. Class A     59,708        358
* Wolfspeed Inc. (XNYS)     21,280        347
  PC Connection Inc.      5,837        341
* Schrodinger Inc.     26,408        300
* Kimball Electronics Inc.     12,114        287
* Mitek Systems Inc.     21,015        284
* Amplitude Inc. Class A     41,491        283
  OneSpan Inc.     26,753        282
* PagerDuty Inc.     43,077        268
*,1 Serve Robotics Inc.     31,445        265
* Asana Inc. Class A     40,307        258
* Alpha & Omega Semiconductor Ltd.     11,532        256

    Shares Market
Value
($000)
* Bandwidth Inc. Class A     13,764        245
* PAR Technology Corp.     18,047        241
* Arteris Inc.     14,349        236
*,1 Rumble Inc.     44,549        227
* CEVA Inc.     11,995        224
* Consensus Cloud Solutions Inc.      9,129        217
* Ambiq Micro Inc.      8,328        212
  Shutterstock Inc.     12,634        210
* EverQuote Inc. Class A     13,409        207
* Telos Corp.     47,801        200
* Red Violet Inc.      5,763        199
* Netskope Inc. Class A     23,087        196
* Yext Inc.     50,855        195
* Blend Labs Inc. Class A    111,878        190
* N-able Inc.     40,551        189
* Aeva Technologies Inc.     14,327        189
* Grid Dynamics Holdings Inc.     32,477        185
* NerdWallet Inc. Class A     17,834        185
  NVE Corp.      2,781        182
  Climb Global Solutions Inc.      9,064        180
* Powerfleet Inc. NJ     57,183        176
* Rapid7 Inc.     31,087        171
* Kopin Corp.     73,258        165
* Grindr Inc.     13,631        165
* Nextdoor Holdings Inc.    115,517        162
* eGain Corp.     19,510        154
* Digital Turbine Inc.     53,058        153
* Groupon Inc.     12,215        145
* Sprout Social Inc. Class A     24,944        142
* PubMatic Inc. Class A     17,178        141
* Weave Communications Inc.     29,923        138
* Bumble Inc. Class A     38,913        127
* Cerence Inc.     18,602        117
* Mediaalpha Inc. Class A     12,376        115
* Angi Inc.     16,763        115
* Ibotta Inc. Class A      3,661        110
* Nortech Systems Inc.      9,049        110
  Methode Electronics Inc.     19,069        105
  Hackett Group Inc.      7,997        104
* Everspin Technologies Inc.     11,872        104
* SmartRent Inc.     68,966        103
* Pixelworks Inc.     18,860        102
*,1 Nuburu Inc.    568,623        101
* Asure Software Inc.     11,625        100
* inTEST Corp.      7,321        100
* LivePerson Inc.     39,046        100
* Commerce.com Inc.     36,948         99
* Smith Micro Software Inc.    137,382         99
* 1stdibs.com Inc.     17,422         96
* Simulations Plus Inc.      7,757         92
  Immersion Corp.     16,646         91
* Veritone Inc.     46,378         91
* Via Transportation Inc. Class A      6,049         91
* Rimini Street Inc.     27,558         90
* One Stop Systems Inc.     11,905         90
* Aeluma Inc.      6,692         88
* Viant Technology Inc. Class A      7,806         87
  Xerox Holdings Corp.     61,784         80
*,1 Brand Engagement Network Inc.      2,020         77
* Intellicheck Inc.     10,862         76
* TON Strategy Co.     30,211         75
* Datacentrex Inc.     33,657         72
* Kaltura Inc.     58,140         71
*,1 Datavault AI Inc. (XNCM)    113,021         70
  Richardson Electronics Ltd.      6,173         68
* Amtech Systems Inc.      5,730         67
*,1 MicroVision Inc.    104,855         67
* Backblaze Inc. Class A     19,508         67
* CS Disco Inc.     17,271         66
* Blaize Holdings Inc.     33,726         61

    Shares Market
Value
($000)
* Unisys Corp.     27,349         57
* GSI Technology Inc.     11,028         57
* TechTarget Inc.     13,982         54
* Digimarc Corp.     10,311         51
* Atomera Inc.     13,078         50
* Domo Inc. Class B     15,911         49
* Identiv Inc.     12,931         48
* QuickLogic Corp.      5,100         48
  CSP Inc.      5,406         47
  ReposiTrak Inc.      5,875         45
*,1 Rackspace Technology Inc.     46,340         45
* ON24 Inc.      5,591         45
* Duos Technologies Group Inc.      6,427         44
* Getty Images Holdings Inc.     53,615         43
* KULR Technology Group Inc.     16,945         40
* Rekor Systems Inc.     40,144         33
* VirnetX Holding Corp.      2,409         33
* Arena Group Holdings Inc.     14,860         32
* Quantum Corp.      6,766         32
* BTCS Inc.     20,877         29
* WM Technology Inc.     41,877         28
* Airship AI Holdings Inc.     12,346         28
* Expensify Inc. Class A     28,100         24
* Key Tronic Corp.      8,242         23
* Inuvo Inc.      8,456         18
* Vivid Seats Inc. Class A      2,095         12
* Gloo Holdings Inc. Class A      1,787          9
*,1,2 Datavault AI Inc.      1,884         —
             10,962,688
Telecommunications (2.1%)
  Cisco Systems Inc.  1,712,759    132,893
  AT&T Inc.  3,370,832     97,720
  Verizon Communications Inc.  1,829,686     91,850
* Arista Networks Inc.    514,685     63,193
  Comcast Corp. Class A  1,730,351     49,678
  T-Mobile US Inc.    212,330     44,596
  Motorola Solutions Inc.     79,863     34,658
* Ciena Corp.     68,186     26,472
* Lumentum Holdings Inc.     34,342     24,134
*,1 AST SpaceMobile Inc.    124,829     10,345
*,1 Charter Communications Inc. Class A     39,421      8,510
* EchoStar Corp. Class A     64,134      7,508
* Roku Inc.     62,317      5,896
  InterDigital Inc.     12,349      3,729
* Viavi Solutions Inc.    110,261      3,670
* Lumen Technologies Inc.    446,914      3,106
* Applied Optoelectronics Inc.     34,304      2,902
* Liberty Broadband Corp. Class C     56,184      2,826
* Viasat Inc.     61,097      2,798
  Telephone & Data Systems Inc.     46,214      1,946
* Vistance Networks Inc.    105,460      1,919
* Globalstar Inc.     24,438      1,623
* Calix Inc.     30,248      1,482
  Uniti Group Inc.    127,227      1,193
  Iridium Communications Inc.     40,919      1,135
* Extreme Networks Inc.     61,601        929
* Digi International Inc.     17,565        847
* GCI Liberty Inc. Class C     17,122        637
* ADTRAN Holdings Inc.     39,696        499
  IDT Corp. Class B      9,927        487
* Lightwave Logic Inc.     65,611        461
* Harmonic Inc.     48,447        435
  Cogent Communications Holdings Inc.     22,548        425
* Liberty Broadband Corp. Class A      8,414        423
  Shenandoah Telecommunications Co.     25,385        392
  Array Digital Infrastructure Inc.      8,284        382
* NETGEAR Inc.     13,060        285
* Optimum Communications Inc. Class A    194,167        252
* Cable One Inc.      2,375        217

    Shares Market
Value
($000)
* Anterix Inc.      5,310        203
* Ooma Inc.     13,218        192
* Ribbon Communications Inc.     88,346        187
* Clearfield Inc.      6,194        164
* GCI Liberty Inc. Class A      3,931        145
* Gogo Inc.     35,784        144
* Xperi Inc.     24,570        138
  ATN International Inc.      4,873        133
* fuboTV Inc. Class A     14,103        133
* Aviat Networks Inc.      5,416        123
* 8x8 Inc.     72,629        121
* BK Technologies Corp.      1,564        117
  Spok Holdings Inc.      8,369         91
* Lantronix Inc.     17,211         90
* KVH Industries Inc.      9,399         84
* Inseego Corp.      6,265         70
* Crexendo Inc.      9,728         60
* Comtech Telecommunications Corp.     17,717         59
                634,707
Utilities (2.8%)
  NextEra Energy Inc.  1,004,545     93,302
  Southern Co.    530,767     51,230
  Duke Energy Corp.    375,593     49,180
  Waste Management Inc.    194,681     44,736
  Constellation Energy Corp.    148,943     41,592
  American Electric Power Co. Inc.    260,674     34,169
  Sempra    314,497     30,560
  Dominion Energy Inc.    423,115     26,157
  Entergy Corp.    218,290     24,527
  Vistra Corp.    162,470     24,424
  Exelon Corp.    488,149     23,929
  Xcel Energy Inc.    300,292     23,855
  Republic Services Inc.     96,903     21,224
  Waste Connections Inc. (XTSE)    123,021     19,984
  Consolidated Edison Inc.    173,523     19,639
  Public Service Enterprise Group Inc.    241,049     19,513
  WEC Energy Group Inc.    157,427     18,225
  PG&E Corp.  1,029,884     18,095
  NRG Energy Inc.    102,032     14,911
  Atmos Energy Corp.     79,649     14,713
  Ameren Corp.    133,462     14,670
  CenterPoint Energy Inc.    314,145     13,558
  Edison International    184,992     13,538
  FirstEnergy Corp.    263,081     13,328
  PPL Corp.    342,553     13,085
  American Water Works Co. Inc.     94,081     12,803
  Eversource Energy    181,049     12,543
  DTE Energy Co.     85,368     12,482
  CMS Energy Corp.    148,398     11,513
  NiSource Inc.    230,626     10,761
  Alliant Energy Corp.    123,972      8,896
  Evergy Inc.    105,281      8,625
* Talen Energy Corp.     21,847      6,974
* Clean Harbors Inc.     22,979      6,589
  Pinnacle West Capital Corp.     57,931      5,837
  Essential Utilities Inc.    133,092      5,360
  AES Corp.    344,122      4,849
  OGE Energy Corp.     98,365      4,718
  National Fuel Gas Co.     45,591      4,284
  UGI Corp.    104,231      3,796
  IDACORP Inc.     26,047      3,724
  Ormat Technologies Inc. (XNYS)     28,606      3,202
* Oklo Inc.     63,821      3,165
  TXNM Energy Inc.     53,287      3,115
  Portland General Electric Co.     55,441      2,926
  Southwest Gas Holdings Inc.     32,692      2,841
  New Jersey Resources Corp.     47,005      2,581
  ONE Gas Inc.     29,699      2,558
  Black Hills Corp.     36,368      2,524

    Shares Market
Value
($000)
  Spire Inc.     27,349      2,476
* Casella Waste Systems Inc. Class A     29,876      2,370
  MDU Resources Group Inc.     95,486      1,978
  Northwestern Energy Group Inc.     29,134      1,921
  Avista Corp.     38,696      1,553
  American States Water Co.     19,111      1,445
* Sunrun Inc.    105,532      1,431
  Chesapeake Utilities Corp.     11,136      1,407
* NuScale Power Corp.    129,209      1,401
  California Water Service Group     29,486      1,337
  MGE Energy Inc.     17,168      1,327
  Clearway Energy Inc. Class C     32,242      1,267
  H2O America     20,005      1,174
* Hawaiian Electric Industries Inc.     76,867      1,141
  Clearway Energy Inc. Class A     28,244      1,106
  Northwest Natural Holding Co.     20,358      1,083
* Enviri Corp.     33,568        659
  Excelerate Energy Inc. Class A     14,500        485
  Middlesex Water Co.      9,241        481
  Unitil Corp.      8,063        421
*,1 NANO Nuclear Energy Inc.     18,293        375
  Consolidated Water Co. Ltd.      8,036        266
* Hallador Energy Co.     16,060        261
  York Water Co.      7,773        237
  Artesian Resources Corp. Class A      4,852        155
  Genie Energy Ltd. Class B     10,958        155
* Cadiz Inc.     28,625        141
* Net Power Inc.     78,402        122
* Perma-Fix Environmental Services Inc.      9,152         98
* Pure Cycle Corp.      9,164         92
* ALT5 Sigma Corp.     58,081         64
  RGC Resources Inc.      2,841         63
* Arq Inc.     16,504         42
* Spruce Power Holding Corp.      7,862         32
                857,376
Total Common Stocks (Cost $8,538,261) 30,097,208
Rights (0.0%)
* M-Tron Industries Inc. EXP. 4/15/2026 (Cost $—)      1,330           3
Warrants (0.0%)
* Opendoor Technologies Inc. Exp. 11/20/2026 (XNGS)          1         —
* Opendoor Technologies Inc. Exp. 11/20/2026          1         —
Total Warrants (Cost $—)
Temporary Cash Investments (0.6%)
Money Market Fund (0.6%)
4,5 Vanguard Market Liquidity Fund, 3.687% (Cost $185,697)  1,857,183           185,700
Total Investments (100.0%) (Cost $8,723,958) 30,282,911
Other Assets and Liabilities—Net (0.0%) 10,722
Net Assets (100%) 30,293,633
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 $12,565.
2 Security value determined using significant unobservable inputs.
3 “Other” represents securities that are not classified by the fund’s benchmark index.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
5 Collateral of $13,713 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 2026 15 1,884 12
E-mini S&P 500 Index June 2026 379 124,516 (1,355)
E-mini S&P Mid-Cap 400 Index June 2026 30 10,190 97
        (1,246)
    
Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
Bank of America Corp. 2/1/2027 CITNA 5,408 (4.490) 176
Citigroup Inc. 8/31/2027 BANA 3,352 (4.380) (34)
Global Payments Inc. 8/31/2026 BANA 352 (4.357) (17)
Goldman Sachs Group Inc. 8/31/2027 BANA 6,198 (4.460) 26
JPMorgan Chase & Co. 8/31/2027 BANA 21,876 (4.435) (109)
NetApp Inc. 8/31/2026 BANA 283 (4.313) (9)
PayPal Holdings Inc. 8/31/2026 BANA 1,279 (4.466) 10
Raymond James Financial Inc. 2/1/2027 CITNA 120 (4.140) 1
VICI Properties Inc. 8/31/2026 BANA 1,118 (4.336) 28
Visa Inc. Class A 1/29/2027 JPMC 23,582 (3.900) (1,023)
          241 (1,192)
1 Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/(paid) monthly.
  BANA—Bank of America, N.A.
  CITNA—Citibank, N.A.
  JPMC—JPMorgan Chase Bank, N.A.
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. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C. 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).

D. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
E. 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 March 31, 2026, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 30,097,154 54 30,097,208
Rights 3 3
Warrants
Temporary Cash Investments 185,700 185,700
Total 30,282,857 54 30,282,911
Derivative Financial Instruments        
Assets        
Futures Contracts1 109 109
Swap Contracts 241 241
Total 109 241 350
Liabilities        
Futures Contracts1 (1,355) (1,355)
Swap Contracts (1,192) (1,192)
Total (1,355) (1,192) (2,547)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.