Quarterly Holdings Report
for
Fidelity® Low-Priced Stock K6 Fund
April 30, 2026
LPSK6-NPRT3-0626
1.9883997.108
Common Stocks - 95.6%
 
 
Shares
Value ($)
 
AUSTRALIA - 0.2%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Amotiv Ltd
 
334,967
1,558,006
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Inghams Group Ltd
 
897,493
1,225,015
Financials - 0.2%
 
 
 
Insurance - 0.2%
 
 
 
AUB Group Ltd
 
248,694
4,631,645
nib holdings Ltd/Australia
 
497,328
2,401,786
TOTAL FINANCIALS
 
 
7,033,431
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Servcorp Ltd
 
208,146
973,921
TOTAL AUSTRALIA
 
 
10,790,373
AUSTRIA - 0.3%
 
 
 
Materials - 0.3%
 
 
 
Construction Materials - 0.2%
 
 
 
Wienerberger AG
 
364,951
10,553,922
Containers & Packaging - 0.1%
 
 
 
Mayr Melnhof Karton AG
 
40,681
3,819,620
TOTAL AUSTRIA
 
 
14,373,542
BELGIUM - 0.1%
 
 
 
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Melexis NV (a)
 
15,623
1,308,269
X-Fab Silicon Foundries SE (b)(c)(d)
 
344,570
2,543,705
 
 
 
 
TOTAL BELGIUM
 
 
3,851,974
BRAZIL - 0.1%
 
 
 
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Hypera SA
 
1,309,500
5,958,043
CANADA - 2.5%
 
 
 
Consumer Discretionary - 0.4%
 
 
 
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Mty Food Group Inc (a)
 
176,435
5,272,203
Specialty Retail - 0.1%
 
 
 
Bmtc Group Inc
 
359,891
3,423,118
Leon's Furniture Ltd
 
29,076
561,891
 
 
 
3,985,009
Textiles, Apparel & Luxury Goods - 0.2%
 
 
 
Gildan Activewear Inc (a)
 
137,821
8,553,252
TOTAL CONSUMER DISCRETIONARY
 
 
17,810,464
Consumer Staples - 1.1%
 
 
 
Consumer Staples Distribution & Retail - 1.1%
 
 
 
Alimentation Couche-Tard Inc
 
533,833
31,581,566
Metro Inc/CN
 
226,338
15,173,069
North West Co Inc/The
 
11,784
441,396
TOTAL CONSUMER STAPLES
 
 
47,196,031
Energy - 0.6%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
PHX Energy Services Corp
 
171,342
1,552,781
Oil, Gas & Consumable Fuels - 0.6%
 
 
 
Cenovus Energy Inc (a)
 
856,176
25,048,356
TOTAL ENERGY
 
 
26,601,137
Industrials - 0.1%
 
 
 
Trading Companies & Distributors - 0.1%
 
 
 
Goodfellow Inc
 
130,275
1,118,273
Richelieu Hardware Ltd
 
93,554
2,735,646
TOTAL INDUSTRIALS
 
 
3,853,919
Materials - 0.2%
 
 
 
Paper & Forest Products - 0.2%
 
 
 
Stella-Jones Inc
 
135,621
8,392,757
Western Forest Prods Inc (a)(b)
 
61,734
672,173
TOTAL MATERIALS
 
 
9,064,930
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
Real Matters Inc (b)
 
658,756
2,788,564
TOTAL CANADA
 
 
107,315,045
CHINA - 1.7%
 
 
 
Communication Services - 0.1%
 
 
 
Entertainment - 0.1%
 
 
 
Netease Inc
 
134,338
3,144,743
Consumer Discretionary - 0.4%
 
 
 
Broadline Retail - 0.0%
 
 
 
Vipshop Holdings Ltd Class A ADR
 
183,965
2,647,256
Household Durables - 0.2%
 
 
 
Chervon Holdings Ltd
 
2,107,511
4,401,371
Gree Electric Appliances Inc of Zhuhai A Shares (China)
 
622,246
3,655,627
 
 
 
8,056,998
Textiles, Apparel & Luxury Goods - 0.2%
 
 
 
Best Pacific International Holdings Ltd (c)
 
5,480,094
2,049,958
Shenzhou International Group Holdings Ltd
 
781,364
4,762,745
 
 
 
6,812,703
TOTAL CONSUMER DISCRETIONARY
 
 
17,516,957
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Sunjuice Holdings Co Ltd
 
37,000
189,208
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Far East Horizon Ltd
 
2,188,406
2,097,663
Health Care - 0.6%
 
 
 
Health Care Providers & Services - 0.5%
 
 
 
Sinopharm Group Co Ltd H Shares
 
7,078,388
16,837,805
Pharmaceuticals - 0.1%
 
 
 
China Medical System Holdings Ltd
 
2,775,558
4,562,526
Consun Pharmaceutical Group Ltd
 
630,308
1,306,094
 
 
 
5,868,620
TOTAL HEALTH CARE
 
 
22,706,425
Industrials - 0.2%
 
 
 
Construction & Engineering - 0.0%
 
 
 
Sinopec Engineering Group Co Ltd H Shares
 
498,932
403,078
Machinery - 0.1%
 
 
 
Haitian International Holdings Ltd
 
1,191,107
3,231,645
Precision Tsugami China Corp Ltd (c)
 
216,109
1,331,977
TK Group Holdings Ltd
 
1,040,536
314,612
 
 
 
4,878,234
Trading Companies & Distributors - 0.0%
 
 
 
Horizon Construction Development Ltd
 
104,525
12,124
Transportation Infrastructure - 0.1%
 
 
 
Qingdao Port International Co Ltd H Shares (c)(d)
 
3,044,775
2,991,674
TOTAL INDUSTRIALS
 
 
8,285,110
Information Technology - 0.4%
 
 
 
Electronic Equipment, Instruments & Components - 0.4%
 
 
 
VSTECS Holdings Ltd
 
13,704,990
17,954,310
TOTAL CHINA
 
 
71,894,416
FRANCE - 2.7%
 
 
 
Communication Services - 0.1%
 
 
 
Media - 0.1%
 
 
 
IPSOS SA
 
83,171
3,516,043
Consumer Discretionary - 0.2%
 
 
 
Automobile Components - 0.2%
 
 
 
Cie Generale des Etablissements Michelin SCA Series B
 
184,742
6,692,473
Household Durables - 0.0%
 
 
 
SEB SA
 
36,661
2,241,716
Specialty Retail - 0.0%
 
 
 
Maisons du Monde SA (b)(c)(d)
 
134,586
85,297
Mr Bricolage SA (b)
 
88,095
432,181
 
 
 
517,478
TOTAL CONSUMER DISCRETIONARY
 
 
9,451,667
Energy - 1.5%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Vallourec SACA
 
55,774
1,679,027
Oil, Gas & Consumable Fuels - 1.5%
 
 
 
TotalEnergies SE (United States)
 
646,501
59,937,109
TOTAL ENERGY
 
 
61,616,136
Financials - 0.1%
 
 
 
Capital Markets - 0.1%
 
 
 
Antin Infrastructure Partners SA
 
311,330
3,865,852
Industrials - 0.2%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Societe BIC SA
 
6,350
435,982
Ground Transportation - 0.2%
 
 
 
Stef SA
 
52,477
7,156,715
Professional Services - 0.0%
 
 
 
Synergie SA
 
20,945
693,215
Trading Companies & Distributors - 0.0%
 
 
 
Thermador Groupe
 
10,051
816,308
TOTAL INDUSTRIALS
 
 
9,102,220
Information Technology - 0.6%
 
 
 
IT Services - 0.5%
 
 
 
Alten SA
 
23,726
1,573,300
Neurones
 
11,293
476,482
Sopra Steria Group
 
119,356
18,560,888
 
 
 
20,610,670
Software - 0.1%
 
 
 
Dassault Systemes SE
 
208,100
4,689,246
Linedata Services
 
8,096
411,431
 
 
 
5,100,677
TOTAL INFORMATION TECHNOLOGY
 
 
25,711,347
Materials - 0.0%
 
 
 
Containers & Packaging - 0.0%
 
 
 
Groupe Guillin
 
64,869
1,705,390
TOTAL FRANCE
 
 
114,968,655
GERMANY - 0.3%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Mercedes-Benz Group AG
 
77,086
4,493,353
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
DWS Group GmbH & Co KGaA (c)(d)
 
24,246
1,678,923
Insurance - 0.0%
 
 
 
Talanx AG
 
3,659
476,247
TOTAL FINANCIALS
 
 
2,155,170
Industrials - 0.1%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Takkt AG
 
296,222
949,114
Machinery - 0.1%
 
 
 
JOST Werke SE (c)(d)
 
10,407
632,694
Stabilus SE
 
34,970
706,753
Washtec Ag
 
14,910
762,963
 
 
 
2,102,410
Trading Companies & Distributors - 0.0%
 
 
 
Brenntag SE (a)
 
28,788
2,097,499
TOTAL INDUSTRIALS
 
 
5,149,023
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
BRANICKS Group AG (b)
 
74,254
118,521
Instone Real Estate Group SE (c)(d)
 
238,650
2,470,408
TOTAL REAL ESTATE
 
 
2,588,929
TOTAL GERMANY
 
 
14,386,475
GRAND CAYMAN (UK OVERSEAS TER) - 0.1%
 
 
 
Financials - 0.1%
 
 
 
Capital Markets - 0.1%
 
 
 
Patria Investments Ltd Class A (a)
 
203,573
2,628,127
GREECE - 0.9%
 
 
 
Consumer Discretionary - 0.2%
 
 
 
Distributors - 0.0%
 
 
 
Autohellas Tourist and Trading SA
 
29,408
372,758
Specialty Retail - 0.2%
 
 
 
JUMBO SA
 
312,832
8,532,689
TOTAL CONSUMER DISCRETIONARY
 
 
8,905,447
Consumer Staples - 0.2%
 
 
 
Personal Care Products - 0.2%
 
 
 
Sarantis SA
 
494,487
8,299,072
Financials - 0.4%
 
 
 
Banks - 0.4%
 
 
 
Eurobank SA
 
2,222,263
9,598,025
National Bank of Greece SA
 
531,750
8,378,387
TOTAL FINANCIALS
 
 
17,976,412
Industrials - 0.1%
 
 
 
Industrial Conglomerates - 0.1%
 
 
 
Metlen Energy & Metals PLC (a)
 
104,418
4,402,003
TOTAL GREECE
 
 
39,582,934
HONG KONG - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Media - 0.0%
 
 
 
Pico Far East Holdings Ltd
 
2,911,420
904,246
Consumer Discretionary - 0.0%
 
 
 
Diversified Consumer Services - 0.0%
 
 
 
Cross-Harbour Holdings Ltd/The
 
100,241
106,327
Specialty Retail - 0.0%
 
 
 
Goldlion Holdings Ltd
 
3,326,715
465,811
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Sun Hing Vision Group Holdings Ltd (b)
 
1,665,031
64,009
TOTAL CONSUMER DISCRETIONARY
 
 
636,147
Financials - 0.1%
 
 
 
Consumer Finance - 0.1%
 
 
 
Aeon Credit Service Asia Co Ltd
 
2,230,338
2,407,664
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
ASMPT Ltd
 
296,202
6,204,667
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
EcoGreen International Group Ltd (b)(e)
 
6,170,931
8
TOTAL HONG KONG
 
 
10,152,732
INDIA - 0.4%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Oil & Natural Gas Corp Ltd
 
1,013,869
3,214,224
Petronet LNG Ltd
 
925,700
2,708,646
TOTAL ENERGY
 
 
5,922,870
Information Technology - 0.3%
 
 
 
Electronic Equipment, Instruments & Components - 0.3%
 
 
 
Redington Ltd
 
4,032,422
9,266,934
TOTAL INDIA
 
 
15,189,804
INDONESIA - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Selamat Sempurna Tbk PT
 
10,754,091
1,127,223
IRELAND - 0.6%
 
 
 
Financials - 0.5%
 
 
 
Banks - 0.5%
 
 
 
AIB Group PLC
 
808,132
9,293,052
Bank of Ireland Group PLC
 
449,997
8,841,046
TOTAL FINANCIALS
 
 
18,134,098
Industrials - 0.1%
 
 
 
Machinery - 0.0%
 
 
 
Mincon Group Plc
 
238,157
201,249
Marine Transportation - 0.1%
 
 
 
Irish Continental Group PLC unit
 
804,940
6,140,666
TOTAL INDUSTRIALS
 
 
6,341,915
TOTAL IRELAND
 
 
24,476,013
ISLE OF MAN - 0.0%
 
 
 
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Strix Group PLC (a)(b)
 
1,114,907
615,947
ISRAEL - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Max Stock Ltd
 
200,104
1,995,779
ITALY - 0.9%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobile Components - 0.1%
 
 
 
Brembo NV (OTC)
 
322,633
3,029,266
Pirelli & C SpA (c)(d)
 
458,816
3,150,163
TOTAL CONSUMER DISCRETIONARY
 
 
6,179,429
Consumer Staples - 0.4%
 
 
 
Beverages - 0.4%
 
 
 
Coca-Cola HBC AG
 
285,831
16,646,826
Consumer Staples Distribution & Retail - 0.0%
 
 
 
MARR SpA (a)
 
43,132
434,842
MARR SpA
 
9,186
92,610
 
 
 
527,452
TOTAL CONSUMER STAPLES
 
 
17,174,278
Financials - 0.1%
 
 
 
Capital Markets - 0.1%
 
 
 
Banca Generali SpA
 
59,484
3,892,097
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Recordati Industria Chimica e Farmaceutica SpA
 
71,856
4,186,330
Industrials - 0.1%
 
 
 
Machinery - 0.1%
 
 
 
Interpump Group SpA
 
60,951
2,559,527
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Sesa SpA
 
40,045
4,039,548
TOTAL ITALY
 
 
38,031,209
JAPAN - 7.9%
 
 
 
Communication Services - 0.0%
 
 
 
Media - 0.0%
 
 
 
RKB Mainichi Holdings Corp
 
5,577
213,331
Consumer Discretionary - 0.5%
 
 
 
Automobile Components - 0.0%
 
 
 
Daikyonishikawa Corp
 
78,845
428,906
Automobiles - 0.1%
 
 
 
Isuzu Motors Ltd
 
222,934
3,071,700
Distributors - 0.3%
 
 
 
Arata Corp
 
203,016
3,601,725
Central Automotive Products Ltd
 
113,052
1,303,577
PALTAC Corp
 
100,634
2,972,507
 
 
 
7,877,809
Diversified Consumer Services - 0.0%
 
 
 
Aucnet Inc
 
133,500
1,027,847
Gakkyusha Co Ltd
 
30,241
441,616
JP-Holdings Inc
 
138,100
580,482
 
 
 
2,049,945
Household Durables - 0.0%
 
 
 
FJ Next Holdings Co Ltd
 
211,962
2,042,324
Leisure Products - 0.0%
 
 
 
Roland Corp
 
50,843
1,325,941
Specialty Retail - 0.1%
 
 
 
ARCLANDS CORP
 
195,179
2,212,913
Hamee Corp (a)
 
98,656
283,651
Syuppin Co Ltd
 
47,354
332,120
 
 
 
2,828,684
TOTAL CONSUMER DISCRETIONARY
 
 
19,625,309
Consumer Staples - 1.1%
 
 
 
Consumer Staples Distribution & Retail - 1.0%
 
 
 
Belc Co Ltd
 
163,055
7,267,733
Blue Zones Holdings Co Ltd
 
611,825
6,810,220
Cosmos Pharmaceutical Corp
 
62,316
2,422,071
Create SD Holdings Co Ltd
 
285,795
5,970,681
G-7 Holdings Inc
 
251,057
2,064,565
Genky DrugStores Co Ltd
 
318,603
7,408,764
Halows Co Ltd
 
194,767
4,896,397
Kato Sangyo Co Ltd
 
108,862
4,256,007
YAKUODO Holdings Co Ltd
 
21,440
241,910
 
 
 
41,338,348
Food Products - 0.1%
 
 
 
Pickles Holdings Co Ltd
 
49,403
350,693
S Foods Inc
 
150,341
2,724,407
 
 
 
3,075,100
Household Products - 0.0%
 
 
 
Transaction Co Ltd
 
142,706
1,027,968
TOTAL CONSUMER STAPLES
 
 
45,441,416
Financials - 0.2%
 
 
 
Financial Services - 0.2%
 
 
 
Zenkoku Hosho Co Ltd
 
528,434
10,638,572
Health Care - 0.3%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
Fukuda Denshi Co Ltd
 
78,912
5,093,145
Nakanishi Inc
 
62,369
1,101,870
Techno Medica Co Ltd
 
3,694
51,910
 
 
 
6,246,925
Health Care Providers & Services - 0.2%
 
 
 
Ship Healthcare Holdings Inc
 
334,909
4,983,963
WIN-Partners Co Ltd (a)
 
375,483
3,006,324
 
 
 
7,990,287
Health Care Technology - 0.0%
 
 
 
Software Service Inc
 
7,068
509,604
TOTAL HEALTH CARE
 
 
14,746,816
Industrials - 2.8%
 
 
 
Air Freight & Logistics - 0.3%
 
 
 
AIT Corp
 
22,511
317,685
AZ-COM MARUWA Holdings Inc
 
692,379
3,970,419
Hamakyorex Co Ltd
 
685,104
7,515,537
Senko Group Holdings Co Ltd
 
78,833
933,158
 
 
 
12,736,799
Building Products - 0.2%
 
 
 
Kondotec Inc
 
220,743
2,042,136
Nihon Dengi Co Ltd
 
340,272
5,236,584
Nihon Flush Co Ltd
 
154,821
784,079
 
 
 
8,062,799
Commercial Services & Supplies - 0.0%
 
 
 
CTS Co Ltd
 
64,650
357,671
Green Cross Holdings Co Ltd
 
14,558
128,395
Prestige International Inc
 
375,530
1,594,877
 
 
 
2,080,943
Construction & Engineering - 0.1%
 
 
 
Dai-Dan Co Ltd
 
94,400
1,685,988
Raiznext Corp
 
245,795
3,545,948
 
 
 
5,231,936
Electrical Equipment - 0.0%
 
 
 
Aichi Electric Co Ltd
 
58,269
2,763,953
Ground Transportation - 0.2%
 
 
 
Sakai Moving Service Co Ltd
 
354,026
6,574,934
Machinery - 0.4%
 
 
 
Anest Iwata Corp
 
98,464
996,565
Daiwa Industries Ltd
 
116,549
1,424,762
Estic Corp
 
59,134
382,320
Hosokawa Micron Corp
 
17,271
654,830
Nadex Co Ltd (a)
 
91,227
626,236
Shinwa Co Ltd/Nagoya
 
40,643
786,053
Takeuchi Manufacturing Co Ltd
 
83,559
3,766,744
Teikoku Corp
 
97,237
1,711,331
Tocalo Co Ltd
 
332,906
6,641,791
Trinity Industrial Corp
 
29,913
249,076
Yamada Corp
 
8,660
350,704
 
 
 
17,590,412
Professional Services - 0.3%
 
 
 
Altech Corp
 
122,828
1,978,560
Artner Co Ltd
 
38,940
474,241
Careerlink Co Ltd
 
25,937
388,123
Creek & River Co Ltd
 
1,919
16,327
Gakujo Co Ltd (a)
 
43,443
443,681
Ifis Japan Ltd
 
24,726
104,632
Persol Holdings Co Ltd
 
3,093,195
4,603,973
Quick Co Ltd
 
423,272
2,275,120
WDB Holdings Co Ltd
 
111,968
1,067,153
Will Group Inc
 
144,256
1,041,211
 
 
 
12,393,021
Trading Companies & Distributors - 1.3%
 
 
 
Chori Co Ltd
 
161,526
4,391,344
Inaba Denki Sangyo Co Ltd
 
131,045
2,210,707
ITOCHU Corp
 
1,609,638
19,948,422
Mitani Corp
 
473,061
7,843,599
Parker Corp
 
231,959
2,049,641
Sanyo Trading Co Ltd
 
48,286
480,954
Senshu Electric Co Ltd (a)
 
174,793
6,813,847
Totech Corp
 
350,263
8,554,860
Yamazen Corp
 
20,426
200,603
Yuasa Co Ltd
 
71,270
2,719,840
 
 
 
55,213,817
Transportation Infrastructure - 0.0%
 
 
 
Daito Koun Co Ltd (a)
 
3,071
39,404
TOTAL INDUSTRIALS
 
 
122,688,018
Information Technology - 1.7%
 
 
 
Electronic Equipment, Instruments & Components - 0.4%
 
 
 
Daiwabo Holdings Co Ltd
 
231,353
4,711,153
Dexerials Corp
 
249,320
3,891,093
Maruwa Co Ltd/Aichi
 
11,868
5,606,526
Nippo Ltd
 
87,473
2,123,752
Riken Keiki Co Ltd
 
39,739
853,495
 
 
 
17,186,019
IT Services - 0.3%
 
 
 
Argo Graphics Inc
 
495,413
4,279,449
Asahi Intelligence Service Co Ltd
 
53,993
342,457
Avant Group Corp
 
36,145
295,930
Densan System Holdings Co Ltd
 
22,570
412,251
DTS Corp
 
418,843
2,729,553
Future Corp
 
60,175
587,506
Information Planning Co (a)
 
98,845
667,920
TDC Soft Inc
 
165,699
1,001,931
TIS Inc
 
106,785
2,327,382
 
 
 
12,644,379
Semiconductors & Semiconductor Equipment - 0.8%
 
 
 
Japan Material Co Ltd
 
51,281
590,425
Renesas Electronics Corp
 
950,035
19,212,223
SUMCO Corp
 
834,323
13,311,334
 
 
 
33,113,982
Software - 0.2%
 
 
 
Cresco Ltd
 
166,765
1,450,556
Focus Systems Corp
 
63,038
609,453
Fukui Computer Holdings Inc
 
31,481
661,243
KSK Co Ltd/Inagi
 
87,495
2,466,987
NE Inc (a)
 
197,312
387,971
NSW Inc/Japan
 
27,583
431,644
Pro-Ship Inc (a)
 
207,215
2,018,175
System Research Co Ltd
 
35,934
380,729
WingArc1st Inc
 
116,721
1,990,588
 
 
 
10,397,346
Technology Hardware, Storage & Peripherals - 0.0%
 
 
 
Elecom Co Ltd
 
86,711
897,835
TOTAL INFORMATION TECHNOLOGY
 
 
74,239,561
Materials - 1.0%
 
 
 
Chemicals - 0.6%
 
 
 
C Uyemura & Co Ltd
 
123,813
18,536,134
JCU Corp
 
72,484
3,082,927
Kansai Paint Co Ltd
 
271,920
4,080,837
Muto Seiko Co
 
1,192
14,762
 
 
 
25,714,660
Construction Materials - 0.2%
 
 
 
Mitani Sekisan Co Ltd
 
641,272
7,022,566
Vertex Corp/Japan
 
9,399
118,265
 
 
 
7,140,831
Containers & Packaging - 0.2%
 
 
 
Kohsoku Corp
 
229,131
4,284,329
Pack Corp/The
 
671,574
5,590,348
 
 
 
9,874,677
TOTAL MATERIALS
 
 
42,730,168
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
Arealink Co Ltd
 
141,186
908,672
Starts Corp Inc
 
54,172
1,653,919
TOTAL REAL ESTATE
 
 
2,562,591
Utilities - 0.2%
 
 
 
Electric Utilities - 0.2%
 
 
 
Kansai Electric Power Co Inc/The
 
608,223
9,743,831
TOTAL JAPAN
 
 
342,629,613
KOREA (SOUTH) - 2.1%
 
 
 
Consumer Discretionary - 0.7%
 
 
 
Automobile Components - 0.2%
 
 
 
Snt Holdings Co Ltd
 
156,602
6,647,313
Household Durables - 0.0%
 
 
 
Cuckoo Holdings Co Ltd
 
96,050
1,925,298
Textiles, Apparel & Luxury Goods - 0.5%
 
 
 
Youngone Corp
 
48,504
2,737,107
Youngone Holdings Co Ltd
 
136,145
19,366,411
 
 
 
22,103,518
TOTAL CONSUMER DISCRETIONARY
 
 
30,676,129
Consumer Staples - 0.3%
 
 
 
Food Products - 0.1%
 
 
 
Otoki Corp
 
13,533
3,366,751
Tobacco - 0.2%
 
 
 
KT&G Corp
 
61,630
7,477,920
TOTAL CONSUMER STAPLES
 
 
10,844,671
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
Korea Ratings Corp
 
16,800
1,212,311
Financial Services - 0.0%
 
 
 
Nice Information & Telecom Inc
 
46,280
887,111
TOTAL FINANCIALS
 
 
2,099,422
Health Care - 0.2%
 
 
 
Health Care Equipment & Supplies - 0.1%
 
 
 
InBody Co Ltd
 
84,200
1,694,256
Interojo Co Ltd
 
15,800
231,980
Value Added Technology Co Ltd
 
91,887
1,444,912
Vieworks Co Ltd
 
39,300
728,713
 
 
 
4,099,861
Pharmaceuticals - 0.1%
 
 
 
Daewon Pharmaceutical Co Ltd
 
52,430
382,428
Daihan Pharmaceutical Co Ltd
 
50,300
980,891
Huons Co Ltd
 
83,366
1,497,066
Korea United Pharm Inc
 
6,200
85,280
Kwang Dong Pharmaceutical Co Ltd
 
441,052
2,485,041
 
 
 
5,430,706
TOTAL HEALTH CARE
 
 
9,530,567
Industrials - 0.2%
 
 
 
Commercial Services & Supplies - 0.2%
 
 
 
Fursys Inc
 
40,129
987,309
S-1 Corp
 
111,190
6,518,271
 
 
 
7,505,580
Machinery - 0.0%
 
 
 
Hy-Lok Corp
 
10,000
301,543
Professional Services - 0.0%
 
 
 
e-Credible Co Ltd
 
38,775
403,128
TOTAL INDUSTRIALS
 
 
8,210,251
Information Technology - 0.6%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
MAKUS Inc
 
60,800
1,107,882
SAMT Co Ltd
 
15,500
75,035
 
 
 
1,182,917
Technology Hardware, Storage & Peripherals - 0.6%
 
 
 
Samsung Electronics Co Ltd
 
168,330
25,511,139
TOTAL INFORMATION TECHNOLOGY
 
 
26,694,056
Materials - 0.1%
 
 
 
Chemicals - 0.1%
 
 
 
Miwon Commercial Co Ltd
 
5,490
567,646
Soulbrain Co Ltd
 
9,600
3,039,880
TOTAL MATERIALS
 
 
3,607,526
TOTAL KOREA (SOUTH)
 
 
91,662,622
MALAYSIA - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Scientex BHD
 
1,830,100
1,744,085
MEXICO - 0.2%
 
 
 
Consumer Staples - 0.1%
 
 
 
Beverages - 0.1%
 
 
 
Coca-Cola Femsa SAB de CV ADR
 
27,011
2,743,777
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Corporativo Fragua SAB de CV
 
44,733
1,259,904
Food Products - 0.0%
 
 
 
Gruma SAB de CV Series B
 
59,869
1,039,007
TOTAL CONSUMER STAPLES
 
 
5,042,688
Financials - 0.0%
 
 
 
Insurance - 0.0%
 
 
 
Qualitas Controladora SAB de CV
 
131,007
1,306,508
Health Care - 0.1%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Medica Sur SAB de CV
 
159,943
558,521
Pharmaceuticals - 0.1%
 
 
 
Genomma Lab Internacional SAB de CV
 
2,483,939
2,343,379
TOTAL HEALTH CARE
 
 
2,901,900
TOTAL MEXICO
 
 
9,251,096
NETHERLANDS - 1.3%
 
 
 
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Acomo NV
 
18,718
568,981
Financials - 0.4%
 
 
 
Capital Markets - 0.3%
 
 
 
Van Lanschot Kempen NV depository receipt
 
176,353
13,494,881
Insurance - 0.1%
 
 
 
ASR Nederland NV
 
58,823
4,457,068
TOTAL FINANCIALS
 
 
17,951,949
Industrials - 0.9%
 
 
 
Machinery - 0.6%
 
 
 
Aalberts NV
 
632,022
23,944,420
Aalberts NV rights (b)(f)
 
632,022
853,039
 
 
 
24,797,459
Trading Companies & Distributors - 0.3%
 
 
 
IMCD NV (a)(b)
 
94,828
11,146,182
TOTAL INDUSTRIALS
 
 
35,943,641
TOTAL NETHERLANDS
 
 
54,464,571
NEW ZEALAND - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Hallenstein Glasson Holdings Ltd
 
104,630
605,424
NORWAY - 0.5%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Broadline Retail - 0.1%
 
 
 
Europris ASA (c)(d)
 
457,446
4,670,890
Specialty Retail - 0.0%
 
 
 
Kid ASA (c)(d)
 
30,716
436,967
TOTAL CONSUMER DISCRETIONARY
 
 
5,107,857
Financials - 0.4%
 
 
 
Banks - 0.4%
 
 
 
SpareBank 1 Nord Norge
 
307,035
5,201,040
Sparebank 1 Oestlandet
 
294,105
6,460,044
SpareBank 1 Sor-Norge ASA
 
168,539
3,638,304
 
 
 
15,299,388
Capital Markets - 0.0%
 
 
 
ABG Sundal Collier Holding ASA
 
903,015
698,848
TOTAL FINANCIALS
 
 
15,998,236
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
Multiconsult ASA (c)(d)
 
33,903
580,377
Norconsult Norge AS
 
182,053
773,234
TOTAL INDUSTRIALS
 
 
1,353,611
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Selvaag Bolig ASA (b)
 
68,639
258,562
TOTAL NORWAY
 
 
22,718,266
PERU - 0.1%
 
 
 
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Intercorp Financial Services Inc (United States) (c)
 
57,453
2,561,255
PHILIPPINES - 0.1%
 
 
 
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Century Pacific Food Inc
 
3,008,019
1,400,794
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
Robinsons Land Corp
 
5,674,057
1,607,621
TOTAL PHILIPPINES
 
 
3,008,415
POLAND - 0.0%
 
 
 
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Eurocash SA (b)
 
387,163
563,953
PORTUGAL - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Ibersol SGPS SA
 
222,096
3,127,956
Materials - 0.0%
 
 
 
Containers & Packaging - 0.0%
 
 
 
Corticeira Amorim SGPS SA
 
278,420
2,097,848
TOTAL PORTUGAL
 
 
5,225,804
PUERTO RICO - 0.5%
 
 
 
Financials - 0.5%
 
 
 
Banks - 0.2%
 
 
 
First BanCorp/Puerto Rico
 
340,758
8,273,604
Financial Services - 0.3%
 
 
 
EVERTEC Inc
 
407,381
12,029,961
TOTAL PUERTO RICO
 
 
20,303,565
SINGAPORE - 0.1%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Hour Glass Ltd/The
 
293,903
544,157
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Delfi Ltd
 
1,185,285
987,811
Industrials - 0.1%
 
 
 
Construction & Engineering - 0.1%
 
 
 
Boustead Singapore Ltd
 
955,195
1,798,640
Professional Services - 0.0%
 
 
 
HRnetgroup Ltd (c)
 
726,613
426,315
Trading Companies & Distributors - 0.0%
 
 
 
KS Energy Ltd (b)(e)
 
921,857
7
TOTAL INDUSTRIALS
 
 
2,224,962
Real Estate - 0.0%
 
 
 
Industrial REITs - 0.0%
 
 
 
Mapletree Industrial Trust
 
788,639
1,223,866
TOTAL SINGAPORE
 
 
4,980,796
SPAIN - 0.8%
 
 
 
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.3%
 
 
 
CIE Automotive SA
 
388,758
13,231,709
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Bankinter SA
 
396,640
6,594,042
Health Care - 0.1%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Prim SA
 
144,346
2,236,234
Pharmaceuticals - 0.1%
 
 
 
Faes Farma SA
 
518,353
2,953,612
TOTAL HEALTH CARE
 
 
5,189,846
Industrials - 0.2%
 
 
 
Air Freight & Logistics - 0.2%
 
 
 
Logista Integral SA
 
185,159
7,232,139
Materials - 0.0%
 
 
 
Paper & Forest Products - 0.0%
 
 
 
Miquel y Costas & Miquel SA
 
75,100
1,233,975
TOTAL SPAIN
 
 
33,481,711
SWEDEN - 1.4%
 
 
 
Consumer Discretionary - 0.6%
 
 
 
Automobile Components - 0.3%
 
 
 
Autoliv Inc
 
56,539
6,554,567
Automobiles - 0.0%
 
 
 
Kabe Group AB B Shares
 
8,696
167,181
Broadline Retail - 0.1%
 
 
 
Rusta AB
 
544,528
5,944,970
Hotels, Restaurants & Leisure - 0.1%
 
 
 
Betsson AB B Shares
 
612,587
6,230,204
Household Durables - 0.1%
 
 
 
JM AB
 
180,224
2,250,665
Specialty Retail - 0.0%
 
 
 
BHG Group AB (b)
 
821,442
2,048,100
TOTAL CONSUMER DISCRETIONARY
 
 
23,195,687
Consumer Staples - 0.0%
 
 
 
Beverages - 0.0%
 
 
 
Viva Wine Group AB
 
462,720
1,613,775
Industrials - 0.5%
 
 
 
Building Products - 0.0%
 
 
 
Inwido AB
 
2,578
39,174
Commercial Services & Supplies - 0.1%
 
 
 
Loomis AB
 
63,600
2,946,910
Electrical Equipment - 0.2%
 
 
 
AQ Group AB
 
395,626
9,367,073
Machinery - 0.2%
 
 
 
Beijer Alma AB B Shares
 
277,490
8,700,913
Trading Companies & Distributors - 0.0%
 
 
 
Alligo AB B Shares
 
102,319
1,538,207
TOTAL INDUSTRIALS
 
 
22,592,277
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
KNOW IT AB
 
59,191
507,750
Proact IT Group AB
 
99,104
1,219,378
TOTAL INFORMATION TECHNOLOGY
 
 
1,727,128
Materials - 0.3%
 
 
 
Chemicals - 0.0%
 
 
 
KB Components AB
 
241,883
1,178,927
Metals & Mining - 0.3%
 
 
 
Alleima AB
 
1,049,546
9,315,783
Boliden AB
 
23,623
1,228,388
 
 
 
10,544,171
TOTAL MATERIALS
 
 
11,723,098
TOTAL SWEDEN
 
 
60,851,965
SWITZERLAND - 0.4%
 
 
 
Consumer Discretionary - 0.3%
 
 
 
Automobile Components - 0.3%
 
 
 
Garrett Motion Inc
 
447,038
11,448,644
Financials - 0.1%
 
 
 
Capital Markets - 0.1%
 
 
 
Vontobel Holding AG
 
43,001
3,643,266
Industrials - 0.0%
 
 
 
Trading Companies & Distributors - 0.0%
 
 
 
Bossard Holding AG Series A
 
10,017
2,044,809
TOTAL SWITZERLAND
 
 
17,136,719
TAIWAN - 1.6%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Specialty Retail - 0.0%
 
 
 
Formosa Optical Technology Co Ltd
 
161,000
499,403
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Hi-Clearance Inc
 
273,882
1,179,669
Pharmaceuticals - 0.0%
 
 
 
Syngen Biotech Co Ltd
 
55,000
173,819
TOTAL HEALTH CARE
 
 
1,353,488
Industrials - 0.1%
 
 
 
Construction & Engineering - 0.1%
 
 
 
United Integrated Services Co Ltd
 
60,200
1,842,441
Trading Companies & Distributors - 0.0%
 
 
 
Lumax International Corp Ltd
 
148,200
544,062
TOTAL INDUSTRIALS
 
 
2,386,503
Information Technology - 1.5%
 
 
 
Electronic Equipment, Instruments & Components - 0.7%
 
 
 
FLEXium Interconnect Inc (b)
 
92,700
195,219
Hon Hai Precision Industry Co Ltd
 
623,900
4,421,891
Simplo Technology Co Ltd
 
1,052,000
11,980,482
Thinking Electronic Industrial Co Ltd
 
724,900
4,061,558
Tripod Technology Corp
 
586,000
8,469,503
 
 
 
29,128,653
IT Services - 0.0%
 
 
 
Dimerco Data System Corp
 
177,318
527,756
Semiconductors & Semiconductor Equipment - 0.7%
 
 
 
Parade Technologies Ltd
 
95,000
1,760,121
Powertech Technology Inc
 
456,000
3,000,154
Taiwan Semiconductor Manufacturing Co Ltd
 
178,000
12,396,413
Topco Scientific Co Ltd
 
1,056,031
13,751,753
 
 
 
30,908,441
Technology Hardware, Storage & Peripherals - 0.1%
 
 
 
TSC Auto ID Technology Co Ltd
 
480,046
2,866,850
TOTAL INFORMATION TECHNOLOGY
 
 
63,431,700
TOTAL TAIWAN
 
 
67,671,094
UNITED KINGDOM - 6.3%
 
 
 
Communication Services - 0.0%
 
 
 
Media - 0.0%
 
 
 
4imprint Group PLC
 
29,335
1,454,597
Consumer Discretionary - 1.5%
 
 
 
Broadline Retail - 0.2%
 
 
 
B&M European Value Retail plc (a)
 
3,207,255
7,305,792
Distributors - 0.4%
 
 
 
Inchcape PLC
 
1,416,222
15,921,899
Diversified Consumer Services - 0.1%
 
 
 
ME Group International PLC
 
2,365,794
4,700,111
Hotels, Restaurants & Leisure - 0.2%
 
 
 
Greggs PLC (a)
 
248,418
5,127,988
Hollywood Bowl Group PLC
 
828,227
2,868,240
J D Wetherspoon PLC (a)
 
141,679
1,127,820
On the Beach Group PLC (c)(d)
 
325,700
724,182
 
 
 
9,848,230
Household Durables - 0.2%
 
 
 
Barratt Redrow PLC
 
1,121,551
3,819,726
Vistry Group PLC (a)(b)
 
1,109,045
4,931,847
 
 
 
8,751,573
Specialty Retail - 0.2%
 
 
 
Dunelm Group PLC
 
281,468
2,880,217
JD Sports Fashion PLC
 
1,951,005
1,786,700
Pets at Home Group Plc
 
2,338,953
5,728,915
 
 
 
10,395,832
Textiles, Apparel & Luxury Goods - 0.2%
 
 
 
Coats Group PLC
 
3,918,042
4,430,457
Dr Martens PLC (a)
 
5,063,823
4,285,951
 
 
 
8,716,408
TOTAL CONSUMER DISCRETIONARY
 
 
65,639,845
Consumer Staples - 1.0%
 
 
 
Beverages - 0.4%
 
 
 
AG Barr PLC
 
513,155
4,475,947
Diageo PLC
 
605,204
12,236,855
 
 
 
16,712,802
Food Products - 0.0%
 
 
 
Fevara PLC
 
529,201
957,746
Tobacco - 0.6%
 
 
 
British American Tobacco PLC
 
182,405
10,742,712
Imperial Brands PLC
 
411,518
15,634,668
 
 
 
26,377,380
TOTAL CONSUMER STAPLES
 
 
44,047,928
Energy - 0.7%
 
 
 
Oil, Gas & Consumable Fuels - 0.7%
 
 
 
DCC PLC
 
376,807
28,405,803
Financials - 0.8%
 
 
 
Capital Markets - 0.4%
 
 
 
AJ Bell PLC
 
357,200
2,527,511
Rathbones Group PLC
 
454,111
12,185,611
St James's Place PLC
 
110,100
1,825,539
 
 
 
16,538,661
Insurance - 0.4%
 
 
 
Aviva PLC
 
1,473,635
12,504,732
Hiscox Ltd
 
256,969
5,412,900
 
 
 
17,917,632
TOTAL FINANCIALS
 
 
34,456,293
Health Care - 0.5%
 
 
 
Pharmaceuticals - 0.5%
 
 
 
GSK PLC
 
822,048
21,552,023
Industrials - 1.2%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
QinetiQ Group PLC
 
544,185
3,290,781
Building Products - 0.0%
 
 
 
Norcros PLC
 
141,603
541,448
Commercial Services & Supplies - 0.3%
 
 
 
Mitie Group PLC
 
5,420,545
12,819,499
Electrical Equipment - 0.1%
 
 
 
Volex PLC
 
303,907
2,468,842
Machinery - 0.1%
 
 
 
Bodycote PLC
 
278,485
2,580,639
Luxfer Holdings PLC
 
128,315
1,931,141
 
 
 
4,511,780
Passenger Airlines - 0.1%
 
 
 
JET2 PLC
 
316,304
4,743,126
Professional Services - 0.0%
 
 
 
Wilmington PLC
 
380,904
1,212,857
Trading Companies & Distributors - 0.5%
 
 
 
Bunzl PLC
 
195,826
6,455,609
RS GROUP PLC
 
1,826,118
14,959,039
 
 
 
21,414,648
TOTAL INDUSTRIALS
 
 
51,002,981
Information Technology - 0.1%
 
 
 
Software - 0.1%
 
 
 
Pinewood Technologies Group PLC (b)
 
865,629
2,950,651
Materials - 0.3%
 
 
 
Chemicals - 0.0%
 
 
 
Essentra PLC
 
1,323,229
1,467,476
Construction Materials - 0.2%
 
 
 
SigmaRoc PLC (b)
 
5,559,129
9,327,133
Metals & Mining - 0.1%
 
 
 
Hill & Smith PLC
 
89,190
3,119,088
TOTAL MATERIALS
 
 
13,913,697
Real Estate - 0.2%
 
 
 
Real Estate Management & Development - 0.2%
 
 
 
LSL Property Services PLC
 
205,238
617,204
Savills PLC
 
581,468
6,543,493
TOTAL REAL ESTATE
 
 
7,160,697
TOTAL UNITED KINGDOM
 
 
270,584,515
UNITED STATES - 61.2%
 
 
 
Communication Services - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
Cars.com Inc (a)(b)
 
673,046
7,396,775
Consumer Discretionary - 7.1%
 
 
 
Automobile Components - 0.9%
 
 
 
Aptiv PLC (b)
 
203,017
12,233,805
LCI Industries
 
82,088
9,786,531
Lear Corp
 
80,016
10,172,434
Patrick Industries Inc
 
68,156
6,338,508
Versigent PLC
 
67,672
2,366,490
 
 
 
40,897,768
Automobiles - 0.5%
 
 
 
General Motors Co
 
305,441
23,485,358
Diversified Consumer Services - 0.9%
 
 
 
Carriage Services Inc
 
67,246
3,301,779
Covista Inc (b)
 
100,906
11,626,389
Grand Canyon Education Inc (b)
 
91,875
15,533,306
Laureate Education Inc (b)
 
286,538
8,623,361
 
 
 
39,084,835
Hotels, Restaurants & Leisure - 0.3%
 
 
 
Cheesecake Factory Inc/The (a)
 
222,603
13,995,051
Household Durables - 1.0%
 
 
 
DR Horton Inc
 
37,527
5,773,904
KB Home
 
195,040
10,335,170
M/I Homes Inc (b)
 
81,196
10,676,462
Meritage Homes Corp
 
238,752
16,077,560
 
 
 
42,863,096
Leisure Products - 0.1%
 
 
 
BRP Inc Subordinate Voting Shares
 
57,593
3,222,766
Specialty Retail - 1.6%
 
 
 
Academy Sports & Outdoors Inc
 
218,460
11,980,346
Bath & Body Works Inc
 
345,018
6,707,150
Caleres Inc
 
286,821
3,757,355
Dick's Sporting Goods Inc
 
46,791
10,617,814
Lithia Motors Inc
 
43,986
12,761,218
Murphy USA Inc
 
21,927
12,893,076
Signet Jewelers Ltd
 
124,484
11,082,811
 
 
 
69,799,770
Textiles, Apparel & Luxury Goods - 1.8%
 
 
 
Crocs Inc (b)
 
176,935
18,043,832
Lululemon Athletica Inc (b)
 
9,471
1,304,157
Oxford Industries Inc (a)
 
108,411
4,644,327
PVH Corp
 
38,367
3,508,278
Samsonite Group SA (c)(d)
 
1,949,209
3,569,254
Steven Madden Ltd
 
349,313
13,120,196
VF Corp
 
549,906
10,409,721
Wolverine World Wide Inc
 
1,021,671
17,388,840
 
 
 
71,988,605
TOTAL CONSUMER DISCRETIONARY
 
 
305,337,249
Consumer Staples - 3.8%
 
 
 
Beverages - 1.5%
 
 
 
Constellation Brands Inc Class A
 
94,147
14,741,537
Keurig Dr Pepper Inc
 
525,852
15,460,049
Primo Brands Corp Class A
 
1,583,535
32,272,444
 
 
 
62,474,030
Consumer Staples Distribution & Retail - 1.3%
 
 
 
Albertsons Cos Inc Class A
 
52,583
886,024
Dollar Tree Inc (b)
 
100,830
9,791,601
Grocery Outlet Holding Corp (a)(b)
 
437,743
3,462,547
Performance Food Group Co (b)
 
382,811
34,667,364
Target Corp
 
70,301
9,121,555
 
 
 
57,929,091
Food Products - 0.4%
 
 
 
Armanino Foods of Distinction Inc
 
196,731
2,006,656
Ingredion Inc
 
92,335
10,317,513
Smithfield Foods Inc
 
200,794
5,276,866
 
 
 
17,601,035
Household Products - 0.4%
 
 
 
Kimberly-Clark Corp
 
170,347
16,767,255
Personal Care Products - 0.2%
 
 
 
Kenvue Inc
 
476,654
8,355,745
TOTAL CONSUMER STAPLES
 
 
163,127,156
Energy - 5.0%
 
 
 
Oil, Gas & Consumable Fuels - 5.0%
 
 
 
Antero Resources Corp (b)
 
611,818
24,019,975
Core Natural Resources Inc
 
202,402
18,163,555
Diamondback Energy Inc
 
148,682
30,573,480
Energy Transfer LP
 
512,576
10,348,909
Gulfport Energy Corp (b)
 
47,588
9,162,594
Northern Oil & Gas Inc
 
379,866
10,317,161
Ovintiv Inc
 
746,436
45,943,136
Range Resources Corp
 
487,092
21,188,502
Shell PLC
 
599,638
27,263,625
Sunococorp LLC
 
280,328
18,692,271
Unit Corp
 
29,477
1,009,881
TOTAL ENERGY
 
 
216,683,089
Financials - 16.9%
 
 
 
Banks - 7.5%
 
 
 
ACNB Corp
 
4,721
239,307
Camden National Corp
 
55,428
2,669,967
Citigroup Inc
 
244,191
31,251,564
East West Bancorp Inc
 
127,709
16,151,357
FNB Corp/PA
 
1,173,306
20,943,512
Hancock Whitney Corp
 
270,623
18,269,759
Huntington Bancshares Inc/OH
 
1,275,196
21,372,285
KeyCorp
 
1,051,437
23,247,272
Old National Bancorp/IN
 
631,069
15,126,724
Pinnacle Financial Partners Inc
 
305,467
30,222,905
QCR Holdings Inc
 
73,064
6,606,447
United Community Bank/SC
 
535,247
17,839,783
US Bancorp
 
501,368
28,407,511
Washington Trust Bancorp Inc (a)
 
79,733
2,506,008
Webster Financial Corp
 
84,690
6,128,168
Wells Fargo & Co
 
698,979
57,477,043
West BanCorp Inc
 
108,489
2,598,312
Wintrust Financial Corp
 
143,126
21,550,482
 
 
 
322,608,406
Capital Markets - 4.3%
 
 
 
Ameriprise Financial Inc
 
38,477
18,268,495
Bank of New York Mellon Corp/The
 
91,952
12,355,590
Federated Hermes Inc Class B
 
384,853
22,356,111
Lazard Inc
 
508,366
24,655,751
LPL Financial Holdings Inc
 
26,572
8,878,502
Raymond James Financial Inc
 
129,919
20,568,776
SEI Investments Co
 
163,942
14,866,261
State Street Corp
 
247,268
37,792,441
Stifel Financial Corp
 
353,379
27,849,799
 
 
 
187,591,726
Consumer Finance - 0.5%
 
 
 
Capital One Financial Corp
 
103,902
19,876,453
Financial Services - 0.9%
 
 
 
Corpay Inc (b)
 
72,482
22,213,559
Essent Group Ltd
 
287,015
17,370,147
 
 
 
39,583,706
Insurance - 3.7%
 
 
 
American Financial Group Inc/OH
 
95,446
12,720,088
Arthur J Gallagher & Co
 
35,000
7,224,000
First American Financial Corp
 
204,122
14,315,076
Hartford Insurance Group Inc/The
 
62,348
8,529,830
Marsh & McLennan Cos Inc
 
47,100
7,899,141
Primerica Inc
 
83,753
23,557,206
Reinsurance Group of America Inc
 
83,076
17,567,251
Stewart Information Services Corp
 
158,596
11,100,134
Travelers Companies Inc/The
 
64,933
19,813,656
Unum Group
 
355,521
28,576,778
Willis Towers Watson PLC
 
30,600
7,839,720
 
 
 
159,142,880
TOTAL FINANCIALS
 
 
728,803,171
Health Care - 6.8%
 
 
 
Biotechnology - 1.0%
 
 
 
Biogen Inc (b)
 
91,429
17,305,681
Gilead Sciences Inc
 
194,214
25,410,960
 
 
 
42,716,641
Health Care Providers & Services - 4.3%
 
 
 
Cigna Group/The
 
74,055
21,518,902
CVS Health Corp
 
316,463
26,358,203
Elevance Health Inc
 
29,354
11,049,433
Henry Schein Inc (b)
 
296,182
22,092,215
Labcorp Holdings Inc
 
99,374
25,519,243
Molina Healthcare Inc (b)
 
65,968
12,838,692
Quest Diagnostics Inc
 
47,933
9,308,589
Tenet Healthcare Corp (b)
 
64,568
11,436,284
UnitedHealth Group Inc
 
73,473
27,220,278
Universal Health Services Inc Class B
 
97,205
16,356,685
 
 
 
183,698,524
Life Sciences Tools & Services - 0.6%
 
 
 
Avantor Inc (a)(b)
 
537,928
4,357,217
ICON PLC (b)
 
175,476
20,764,075
 
 
 
25,121,292
Pharmaceuticals - 0.9%
 
 
 
Elanco Animal Health Inc (b)
 
1,151,843
25,766,728
Jazz Pharmaceuticals PLC (b)
 
32,900
6,679,358
Phibro Animal Health Corp Class A
 
89,880
4,779,818
Viatris Inc
 
230,000
3,436,200
 
 
 
40,662,104
TOTAL HEALTH CARE
 
 
292,198,561
Industrials - 9.9%
 
 
 
Aerospace & Defense - 0.9%
 
 
 
Cadre Holdings Inc
 
134,675
3,993,114
Huntington Ingalls Industries Inc
 
39,958
14,556,300
Textron Inc
 
141,905
13,617,204
V2X Inc (b)
 
116,977
7,932,210
 
 
 
40,098,828
Air Freight & Logistics - 0.5%
 
 
 
FedEx Corp
 
44,909
18,112,249
Radiant Logistics Inc (b)
 
241,994
2,035,169
 
 
 
20,147,418
Building Products - 1.1%
 
 
 
Builders FirstSource Inc (b)
 
79,986
6,326,093
Gibraltar Industries Inc (b)
 
217,150
8,475,365
Hayward Holdings Inc (b)
 
690,904
10,370,469
Janus International Group Inc (b)
 
1,339,652
6,966,190
Resideo Technologies Inc (b)
 
351,400
14,537,418
 
 
 
46,675,535
Commercial Services & Supplies - 0.8%
 
 
 
Brady Corp Class A
 
147,085
12,034,495
Brink's Co/The
 
97,373
10,394,567
HNI Corp
 
318,835
11,650,231
 
 
 
34,079,293
Construction & Engineering - 0.6%
 
 
 
Bowman Consulting Group Ltd (b)
 
89,169
2,814,174
WillScot Holdings Corp
 
1,012,403
22,920,804
 
 
 
25,734,978
Electrical Equipment - 0.5%
 
 
 
Acuity Inc
 
32,642
9,458,672
Allient Inc
 
127,009
9,675,546
LSI Industries Inc
 
53,861
1,309,361
 
 
 
20,443,579
Ground Transportation - 0.2%
 
 
 
Proficient Auto Logistics Inc (b)
 
272,486
2,002,771
Universal Logistics Holdings Inc (a)
 
310,722
7,482,186
 
 
 
9,484,957
Machinery - 2.8%
 
 
 
Allison Transmission Holdings Inc
 
14,305
1,921,876
Cummins Inc
 
19,250
12,916,943
Enpro Inc
 
60,267
17,570,844
Esab Corp
 
83,322
8,188,053
Gates Industrial Corp PLC (b)
 
708,391
18,141,894
Hillman Solutions Corp (b)
 
887,692
7,243,567
Miller Industries Inc/TN
 
96,881
4,649,318
Tennant CO (a)
 
90,400
7,506,816
Terex Corp
 
346,270
21,537,994
Timken Co/The
 
103,057
11,427,991
Toro Co/The
 
91,087
8,668,750
 
 
 
119,774,046
Professional Services - 1.8%
 
 
 
CACI International Inc (b)
 
8,376
4,351,667
Cbiz Inc (b)
 
300,578
9,167,629
Concentrix Corp (a)
 
233,884
5,571,117
Genpact Ltd
 
685,857
23,833,531
ICF International Inc
 
85,000
6,091,100
KBR Inc
 
317,080
11,887,329
Maximus Inc
 
234,619
15,395,699
Science Applications International Corp
 
13,993
1,354,102
 
 
 
77,652,174
Trading Companies & Distributors - 0.7%
 
 
 
Core & Main Inc Class A (b)
 
225,390
11,352,894
Global Industrial Co
 
213,794
7,078,719
Rush Enterprises Inc Class A
 
182,230
13,490,488
 
 
 
31,922,101
TOTAL INDUSTRIALS
 
 
426,012,909
Information Technology - 5.9%
 
 
 
Electronic Equipment, Instruments & Components - 3.4%
 
 
 
Belden Inc
 
82,138
9,238,882
CDW Corp/DE
 
89,116
12,200,872
Crane NXT Co
 
433,000
19,346,440
Insight Enterprises Inc (b)
 
71,050
5,179,544
Sanmina Corp (b)
 
153,266
33,384,400
TD SYNNEX Corp
 
160,392
36,598,247
Vontier Corp
 
815,229
29,250,417
 
 
 
145,198,802
IT Services - 0.8%
 
 
 
Amdocs Ltd
 
389,911
25,215,545
Kyndryl Holdings Inc (b)
 
576,954
7,973,504
 
 
 
33,189,049
Semiconductors & Semiconductor Equipment - 0.9%
 
 
 
Diodes Inc (b)
 
196,778
21,084,763
Micron Technology Inc
 
19,457
10,062,382
MKS Inc
 
25,664
7,282,160
 
 
 
38,429,305
Software - 0.1%
 
 
 
ACI Worldwide Inc (b)
 
112,708
4,871,239
Technology Hardware, Storage & Peripherals - 0.7%
 
 
 
Dell Technologies Inc Class C
 
72,858
15,223,679
Seagate Technology Holdings PLC
 
23,534
15,853,444
 
 
 
31,077,123
TOTAL INFORMATION TECHNOLOGY
 
 
252,765,518
Materials - 3.2%
 
 
 
Chemicals - 1.0%
 
 
 
Axalta Coating Systems Ltd (b)
 
431,744
12,278,799
Element Solutions Inc
 
386,025
16,440,805
Perimeter Solutions Inc (b)
 
442,212
13,399,024
 
 
 
42,118,628
Construction Materials - 0.6%
 
 
 
Buzzi SpA
 
71,158
3,885,099
Eagle Materials Inc
 
90,125
18,936,164
GCC SAB de CV
 
64,421
761,169
RHI Magnesita NV
 
91,384
3,289,078
 
 
 
26,871,510
Containers & Packaging - 1.2%
 
 
 
Graphic Packaging Holding CO (a)
 
793,397
7,561,073
Packaging Corp of America
 
73,318
15,649,727
Silgan Holdings Inc
 
704,516
28,568,124
 
 
 
51,778,924
Metals & Mining - 0.4%
 
 
 
Warrior Met Coal Inc (a)
 
194,207
17,449,499
TOTAL MATERIALS
 
 
138,218,561
Real Estate - 1.5%
 
 
 
Industrial REITs - 0.2%
 
 
 
STAG Industrial Inc Class A
 
207,670
8,011,909
Real Estate Management & Development - 0.2%
 
 
 
Jones Lang LaSalle Inc (b)
 
30,157
9,593,846
Residential REITs - 0.3%
 
 
 
AvalonBay Communities Inc
 
24,210
4,430,430
Camden Property Trust
 
89,633
9,413,258
 
 
 
13,843,688
Retail REITs - 0.5%
 
 
 
Tanger Inc
 
327,928
12,159,570
Urban Edge Properties
 
243,328
5,333,750
 
 
 
17,493,320
Specialized REITs - 0.3%
 
 
 
Outfront Media Inc
 
456,974
14,097,648
TOTAL REAL ESTATE
 
 
63,040,411
Utilities - 1.0%
 
 
 
Electric Utilities - 1.0%
 
 
 
PG&E Corp
 
2,857,976
47,499,561
TOTAL UNITED STATES
 
 
2,641,082,961
 
TOTAL COMMON STOCKS
 (Cost $3,273,733,192)
 
 
 
4,127,866,721
 
 
 
 
Money Market Funds - 5.8%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (g)
 
3.69
175,666,800
175,701,934
Fidelity Securities Lending Cash Central Fund (g)(h)
 
3.69
73,786,083
73,793,461
 
TOTAL MONEY MARKET FUNDS
 (Cost $249,495,394)
 
 
 
249,495,395
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.4%
 (Cost $3,523,228,586)
 
 
 
4,377,362,116
NET OTHER ASSETS (LIABILITIES) - (1.4)%  
(61,108,674)
NET ASSETS - 100.0%
4,316,253,442
 
 
Legend
 
(a)
Security or a portion of the security is on loan at period end.
 
(b)
Non-income producing.
 
(c)
Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $29,904,039 or 0.7% of net assets.
 
(d)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $23,534,534 or 0.5% of net assets.
 
(e)
Level 3 security.
 
(f)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(g)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(h)
Investment made with cash collateral received from securities on loan.
 
At period end, the value of non-cash collateral for securities on loan amounted to $36,767,038.
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
 
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Cash Central Fund
46,253,466
500,885,310
371,438,797
2,766,288
1,955
-
175,701,934
175,666,800
0.3%
Fidelity Securities Lending Cash Central Fund
72,674,441
636,618,854
635,502,957
266,158
3,123
-
73,793,461
73,786,083
0.2%
Total
118,927,907
1,137,504,164
1,006,941,754
3,032,446
5,078
-
249,495,395
 
 
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
 
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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