Quarterly Holdings Report
for
Fidelity ZERO® Extended Market Index Fund
July 31, 2026
EMT-NPRT3-0926
1.9891461.107
Common Stocks - 99.7%
 
 
Shares
Value ($)
 
AUSTRALIA - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Benitec Biopharma Inc (b)
 
8,964
104,967
BAHAMAS (NASSAU) - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Diversified Consumer Services - 0.0%
 
 
 
OneSpaWorld Holdings Ltd
 
37,355
962,265
BELGIUM - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Liberty Global Ltd Class A (b)
 
76,167
808,132
Liberty Global Ltd Class C (b)
 
34,699
359,482
 
 
 
 
TOTAL BELGIUM
 
 
1,167,614
BERMUDA - 0.2%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Teekay Corp Ltd
 
20,138
234,608
Financials - 0.2%
 
 
 
Insurance - 0.2%
 
 
 
RenaissanceRe Holdings Ltd
 
15,704
5,024,966
TOTAL BERMUDA
 
 
5,259,574
CANADA - 0.1%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Teekay Tankers Ltd Class A
 
8,965
711,552
Information Technology - 0.1%
 
 
 
Software - 0.1%
 
 
 
D-Wave Quantum Inc (b)(c)
 
135,547
2,450,690
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
McEwen Inc (b)(c)
 
18,377
317,738
TOTAL CANADA
 
 
3,479,980
CHINA - 0.1%
 
 
 
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
ACM Research Inc Class A (b)
 
21,078
1,653,991
indie Semiconductor Inc Class A (b)(c)
 
77,896
251,604
 
 
 
 
TOTAL CHINA
 
 
1,905,595
GERMANY - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Orion SA
 
20,986
141,655
GHANA - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Kosmos Energy Ltd (b)
 
217,913
586,186
GRAND CAYMAN (UK OVERSEAS TER) - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
BridgeBio Oncology Therapeutics Inc (b)
 
18,529
149,900
IRELAND - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Ardmore Shipping Corp
 
13,715
238,504
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Prothena Corp PLC (b)
 
15,435
125,332
Industrials - 0.0%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Cimpress PLC (b)
 
5,364
529,427
TOTAL IRELAND
 
 
893,263
ISRAEL - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Mobileye Global Inc Class A (b)
 
61,616
489,231
JAPAN - 0.1%
 
 
 
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Allegro MicroSystems Inc (b)
 
45,874
1,903,771
MONACO - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Scorpio Tankers Inc
 
13,550
1,055,003
NETHERLANDS - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
uniQure NV (b)
 
25,128
1,096,335
NORWAY - 0.1%
 
 
 
Energy - 0.1%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Seadrill Ltd (b)
 
23,098
1,035,715
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
T1 Energy Inc (b)(c)
 
76,813
320,310
TOTAL NORWAY
 
 
1,356,025
PHILIPPINES - 0.0%
 
 
 
Industrials - 0.0%
 
 
 
Professional Services - 0.0%
 
 
 
TaskUS Inc Class A (c)
 
7,068
42,902
PUERTO RICO - 0.4%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Liberty Latin America Ltd Class A (b)
 
20,889
170,245
Liberty Latin America Ltd Class C (b)
 
37,657
303,892
TOTAL COMMUNICATION SERVICES
 
 
474,137
Financials - 0.4%
 
 
 
Banks - 0.4%
 
 
 
First BanCorp/Puerto Rico
 
56,665
1,639,318
Ofg Bancorp
 
15,636
826,519
Popular Inc
 
23,821
4,173,678
 
 
 
6,639,515
Financial Services - 0.0%
 
 
 
EVERTEC Inc
 
22,754
692,632
TOTAL FINANCIALS
 
 
7,332,147
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Unusual Machines Inc /US (b)(c)
 
15,924
336,952
TOTAL PUERTO RICO
 
 
8,143,236
SINGAPORE - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Grindr Inc Class A (b)(c)
 
15,703
272,290
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Kulicke & Soffa Industries Inc
 
19,378
1,728,518
TOTAL SINGAPORE
 
 
2,000,808
SWEDEN - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobile Components - 0.1%
 
 
 
Autoliv Inc
 
25,444
3,133,937
SWITZERLAND - 0.1%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Garrett Motion Inc
 
47,007
1,464,268
Health Care - 0.1%
 
 
 
Biotechnology - 0.1%
 
 
 
CRISPR Therapeutics AG (b)(c)
 
35,634
1,710,076
TOTAL SWITZERLAND
 
 
3,174,344
THAILAND - 0.2%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
BKV Corp (b)
 
13,826
338,184
Information Technology - 0.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.2%
 
 
 
Fabrinet (b)
 
13,234
5,762,216
TOTAL THAILAND
 
 
6,100,400
UNITED KINGDOM - 0.0%
 
 
 
Industrials - 0.0%
 
 
 
Machinery - 0.0%
 
 
 
Luxfer Holdings PLC
 
10,324
175,818
UNITED STATES - 98.2%
 
 
 
Communication Services - 3.1%
 
 
 
Diversified Telecommunication Services - 0.3%
 
 
 
Anterix Inc (b)
 
6,891
641,001
Atn International Inc
 
3,719
88,548
Bandwidth Inc Class A (b)
 
11,065
433,084
Cogent Communications Holdings Inc
 
17,969
242,582
GCI LLC Class A (b)
 
655
15,484
GCI LLC Class C (b)
 
12,442
288,281
Globalstar Inc (b)
 
19,029
1,586,638
IDT Corp Class B
 
7,553
497,441
Iridium Communications Inc
 
39,053
1,848,769
Lumen Technologies Inc (b)
 
349,401
2,229,178
Shenandoah Telecommunications Co
 
16,922
202,895
Uniti Group Inc (b)
 
66,848
649,763
 
 
 
8,723,664
Entertainment - 0.9%
 
 
 
AMC Entertainment Holdings Inc Class A (b)
 
278,900
786,498
Angel Studios Inc Class A (b)
 
35,180
142,831
Atlanta Braves Holdings Inc Class A (b)
 
2,111
114,860
Atlanta Braves Holdings Inc Class C (b)
 
19,156
973,699
Cinemark Holdings Inc
 
37,852
1,385,005
CuriosityStream Inc Class A
 
14,251
34,771
Lionsgate Studios Corp (b)
 
84,304
1,119,557
Madison Square Garden Entertainment Corp Class A (b)
 
14,856
1,147,775
Madison Square Garden Sports Corp Class A (b)
 
6,626
2,608,524
Marcus Corp/The
 
8,143
236,961
Playtika Holding Corp
 
22,344
89,153
Roku Inc Class A (b)
 
48,458
7,026,895
Sphere Entertainment Co Class A (b)(c)
 
9,913
1,420,037
Starz Entertainment Corp (b)
 
4,694
122,138
TKO Group Holdings Inc Class A
 
23,258
4,228,537
Warner Music Group Corp Class A
 
53,927
1,399,945
 
 
 
22,837,186
Interactive Media & Services - 0.9%
 
 
 
Angi Inc Class A (b)
 
12,757
72,332
Bumble Inc Class A (b)
 
33,605
95,774
Cargurus Inc Class A (b)
 
27,999
1,014,684
Cars.com Inc (b)
 
19,246
228,065
EverQuote Inc Class A (b)
 
10,100
254,722
fuboTV Inc Class A (b)(c)
 
11,598
102,642
Match Group Inc
 
86,069
3,391,979
MediaAlpha Inc Class A (b)
 
11,798
146,059
Nextdoor Holdings Inc Class A (b)
 
87,189
193,560
People Inc Class A (b)
 
22,932
953,283
Pinterest Inc Class A (b)
 
177,850
4,270,179
QuinStreet Inc (b)
 
20,967
324,989
Reddit Inc Class A (b)
 
48,225
6,783,811
RUM Group Inc Class A (b)(c)
 
41,595
242,915
Shutterstock Inc
 
9,523
51,424
Snap Inc Class A (b)
 
398,732
1,870,053
TripAdvisor Inc Class A (b)(c)
 
42,947
608,344
Trump Media & Technology Group Corp (b)(c)
 
59,700
588,642
Yelp Inc Class A (b)
 
19,223
508,064
Ziff Davis Inc (b)(c)
 
13,608
722,313
ZipRecruiter Inc Class A (b)
 
21,796
85,876
ZoomInfo Technologies Inc (b)
 
96,387
318,077
 
 
 
22,827,787
Media - 1.0%
 
 
 
AMC Global Media Inc Class A (b)
 
12,021
134,635
Boston Omaha Corp (b)
 
7,862
111,483
Cable One Inc (b)
 
1,750
69,983
Clear Channel Outdoor Holdings Inc (b)
 
116,476
281,872
DoubleVerify Holdings Inc (b)
 
47,105
529,931
EW Scripps Co/The Class A (b)
 
26,798
75,302
Gray Media Inc
 
31,249
126,246
Ibotta Inc Class A (b)
 
4,320
103,680
iHeartMedia Inc Class A (b)
 
45,182
162,203
John Wiley & Sons Inc Class A
 
14,505
757,161
Liberty Broadband Corp Class A (b)
 
7,167
244,108
Liberty Broadband Corp Class C (b)
 
42,484
1,446,155
Magnite Inc (b)
 
52,685
1,016,821
MNTN Inc Class A (b)
 
6,808
62,770
National CineMedia Inc
 
33,868
135,811
New York Times Co/The Class A
 
59,483
4,454,682
News Corp Class A
 
130,337
3,592,089
News Corp Class B
 
48,363
1,512,311
Nexstar Media Group Inc
 
10,604
2,020,380
NIQ Global Intelligence Plc (b)(c)
 
18,559
207,304
Optimum Communications Inc Class A (b)
 
100,679
76,738
Paramount Skydance Corp Class B (c)
 
116,796
929,696
PubMatic Inc Class A (b)
 
13,198
166,295
Scholastic Corp
 
6,116
248,615
Sinclair Inc Class A
 
15,515
213,176
Sirius XM Holdings Inc (c)
 
69,583
2,061,048
Stagwell Inc Class A (b)(c)
 
39,425
333,141
TechTarget Inc (b)(c)
 
9,907
44,482
Trade Desk Inc (The) Class A (b)
 
157,670
2,844,367
USA TODAY Co Inc (b)
 
46,287
402,234
Versant Media Group Inc Class A
 
52,063
1,873,747
 
 
 
26,238,466
Wireless Telecommunication Services - 0.0%
 
 
 
Array Digital Infrastructure Inc (c)
 
5,191
180,854
Gogo Inc (b)
 
30,507
127,519
Spok Holdings Inc
 
9,244
100,760
Telephone and Data Systems Inc
 
35,675
1,197,967
 
 
 
1,607,100
TOTAL COMMUNICATION SERVICES
 
 
82,234,203
Consumer Discretionary - 10.7%
 
 
 
Automobile Components - 0.8%
 
 
 
Adient PLC (b)
 
29,074
611,717
BorgWarner Inc
 
75,698
4,824,991
Cooper-Standard Holdings Inc (b)
 
6,631
195,416
Dana Inc
 
40,106
1,080,055
Dauch Corp (b)
 
87,954
496,940
Dorman Products Inc (b)
 
10,034
1,336,127
Fox Factory Holding Corp (b)
 
15,450
278,100
Gentex Corp
 
78,608
1,836,283
Gentherm Inc (b)
 
11,321
459,406
Goodyear Tire & Rubber Co/The (b)
 
105,936
736,255
Holley Inc Class A (b)
 
19,594
52,315
Kodiak AI Inc (b)(c)
 
39,480
171,738
LCI Industries
 
8,997
920,933
Lear Corp
 
18,486
2,415,011
Motorcar Parts of America Inc (b)
 
6,902
92,486
Patrick Industries Inc (c)
 
12,103
999,103
Phinia Inc
 
13,637
1,003,547
QuantumScape Corp Class A (b)(c)
 
177,058
924,243
Solid Power Inc (b)(c)
 
72,093
148,512
Standard Motor Products Inc
 
7,881
301,291
Stoneridge Inc (b)
 
10,043
69,396
Strattec Security Corp (b)
 
1,584
139,218
Versigent PLC
 
26,158
1,081,633
Visteon Corp
 
9,829
1,027,524
XPEL Inc (b)(e)
 
9,232
409,624
 
 
 
21,611,864
Automobiles - 0.3%
 
 
 
Harley-Davidson Inc (c)
 
38,936
955,489
Lucid Group Inc (b)(c)
 
68,760
507,449
Rivian Automotive Inc Class A (b)(c)
 
310,667
4,728,352
Thor Industries Inc
 
19,410
1,455,168
Winnebago Industries Inc
 
10,515
318,394
 
 
 
7,964,852
Broadline Retail - 0.3%
 
 
 
Dillard's Inc Class A
 
1,117
657,176
Etsy Inc (b)
 
35,027
2,861,005
Groupon Inc (b)(c)
 
9,964
274,807
Kohl's Corp
 
41,588
795,994
Macy's Inc
 
97,458
2,418,908
Ollie's Bargain Outlet Holdings Inc (b)
 
22,322
1,639,997
Savers Value Village Inc (b)(c)
 
13,534
138,859
 
 
 
8,786,746
Distributors - 0.1%
 
 
 
GigaCloud Technology Inc Class A (b)
 
9,810
429,089
Gold.com Inc
 
7,589
313,881
LKQ Corp
 
94,367
2,118,539
Pool Corp
 
11,821
2,195,279
 
 
 
5,056,788
Diversified Consumer Services - 1.1%
 
 
 
ADT Inc
 
209,025
1,596,951
American Public Education Inc (b)
 
6,787
329,237
Bright Horizons Family Solutions Inc (b)
 
19,360
1,443,094
Carriage Services Inc
 
5,901
238,223
Chegg Inc (b)
 
39,476
38,805
Coursera Inc (b)
 
81,882
434,793
Covista Inc (b)
 
12,532
1,564,620
Driven Brands Holdings Inc (b)
 
21,836
311,600
Duolingo Inc Class A (b)
 
14,830
1,999,232
Frontdoor Inc (b)
 
25,938
1,883,877
Graham Holdings Co Class B
 
1,237
1,488,779
Grand Canyon Education Inc (b)
 
9,668
1,405,147
H&R Block Inc
 
46,814
2,061,220
KinderCare Learning Cos Inc (b)(c)
 
11,139
59,594
Laureate Education Inc (b)
 
47,035
1,801,911
Liberty Live Holdings Inc Class A
 
4,288
406,159
Liberty Live Holdings Inc Class C
 
21,665
2,136,169
Lincoln Educational Services Corp (b)
 
10,898
455,754
Matthews International Corp Class A
 
11,634
322,844
Perdoceo Education Corp
 
21,829
694,380
Service Corp International/US
 
50,905
4,387,503
Strategic Education Inc
 
8,355
685,110
Stride Inc (b)
 
15,434
1,239,196
Universal Technical Institute Inc (b)(c)
 
18,715
735,687
WW International Inc (b)(c)
 
3,557
51,079
 
 
 
27,770,964
Hotels, Restaurants & Leisure - 3.1%
 
 
 
Accel Entertainment Inc Class A (b)
 
21,167
254,427
Aramark
 
97,027
5,527,628
Biglari Holdings Inc Class B (b)(c)
 
245
97,385
BJ's Restaurants Inc (b)
 
7,760
524,654
Black Rock Coffee Bar Inc Class A
 
7,674
61,852
Bloomin' Brands Inc
 
28,578
247,485
Boyd Gaming Corp
 
20,302
1,726,888
Brinker International Inc (b)
 
15,834
3,383,726
Caesars Entertainment Inc (b)
 
75,115
2,234,671
Cava Group Inc (b)
 
36,985
2,412,532
Cheesecake Factory Inc/The
 
16,829
1,706,797
Choice Hotels International Inc
 
7,490
835,060
Churchill Downs Inc
 
24,434
2,059,786
Cracker Barrel Old Country Store Inc
 
8,200
462,398
Dave & Buster's Entertainment Inc (b)
 
9,633
104,422
Dine Brands Global Inc
 
4,723
169,745
Domino's Pizza Inc
 
11,290
3,922,598
DraftKings Inc Class A (b)
 
182,966
4,296,042
Dutch Bros Inc Class A (b)
 
47,124
3,102,173
El Pollo Loco Holdings Inc (b)
 
9,844
162,032
First Watch Restaurant Group Inc (b)
 
17,632
226,571
Global Business Travel Group I Class A (b)
 
44,095
416,257
Hilton Grand Vacations Inc (b)
 
22,174
1,023,108
Hyatt Hotels Corp Class A (c)
 
15,153
2,637,531
Jack in the Box Inc (b)(c)
 
7,003
114,639
Krispy Kreme Inc (b)
 
33,649
107,004
Kura Sushi USA Inc Class A (b)
 
2,330
107,343
Life Time Group Holdings Inc (b)
 
56,703
2,557,305
Lindblad Expeditions Holdings Inc (b)
 
16,632
491,975
Lucky Strike Entertainment Corp Class A (c)
 
5,490
36,782
Marriott Vacations Worldwide Corp
 
10,111
985,924
MGM Resorts International (b)
 
70,691
3,150,698
Monarch Casino & Resort Inc
 
4,478
549,675
Nathan's Famous Inc
 
981
96,246
Navan Inc Class A (b)
 
13,963
371,695
Norwegian Cruise Line Holdings Ltd (b)
 
169,535
3,141,484
Papa John's International Inc
 
12,104
361,910
Penn Entertainment Inc (b)
 
46,808
960,968
Planet Fitness Inc Class A (b)
 
29,160
1,630,336
Portillo's Inc Class A (b)(c)
 
27,315
124,830
Pursuit Attractions and Hospitality Inc (b)
 
7,674
387,767
Rci Hospitality Holdings Inc
 
2,640
66,238
Red Rock Resorts Inc Class A
 
17,484
1,126,669
Rush Street Interactive Inc Class A (b)
 
38,445
1,034,555
Sabre Corp (b)
 
144,711
267,715
Serve Robotics Inc (b)(c)
 
22,436
107,244
Shake Shack Inc Class A (b)
 
14,883
933,908
Six Flags Entertainment Corp (b)(c)
 
37,682
653,029
Sweetgreen Inc Class A (b)(c)
 
39,641
255,684
Target Hospitality Corp (b)
 
11,749
178,585
Texas Roadhouse Inc
 
24,262
4,984,385
Travel + Leisure Co
 
23,037
1,751,273
United Parks & Resorts Inc (b)(c)
 
8,717
389,040
Vail Resorts Inc (c)
 
13,172
1,967,633
Viking Holdings Ltd (b)
 
68,218
7,118,548
Wendy's Co/The (c)
 
58,816
432,886
Wingstop Inc
 
10,032
1,299,044
Wyndham Hotels & Resorts Inc
 
27,638
2,068,981
Wynn Resorts Ltd
 
30,951
3,073,744
Xponential Fitness Inc Class A (b)(c)
 
11,959
77,973
 
 
 
80,559,483
Household Durables - 1.3%
 
 
 
Beazer Homes USA Inc (b)
 
9,150
293,715
Cavco Industries Inc (b)
 
2,859
1,563,959
Century Communities Inc
 
9,266
622,305
Champion Homes Inc (b)
 
20,362
1,621,019
Cricut Inc Class A
 
18,749
87,933
Dream Finders Homes Inc Class A (b)(c)
 
10,261
131,238
Ethan Allen Interiors Inc
 
8,923
199,875
Flexsteel Industries Inc
 
1,413
104,604
Gopro Inc Class A (b)
 
46,520
34,842
Green Brick Partners Inc (b)
 
11,185
791,115
Helen of Troy Ltd (b)
 
8,592
237,397
Hovnanian Enterprises Inc Class A (b)
 
1,719
212,984
Installed Building Products Inc
 
8,291
1,848,396
KB Home
 
23,284
1,279,921
La-Z-Boy Inc
 
15,132
595,898
Legacy Housing Corp (b)(c)
 
3,407
89,468
Leggett & Platt Inc
 
50,532
495,214
LGI Homes Inc (b)
 
7,613
415,441
Lovesac Co/The (b)(c)
 
4,995
80,370
M/I Homes Inc (b)
 
9,412
1,375,376
Meritage Homes Corp
 
24,612
1,727,762
Mohawk Industries Inc (b)
 
18,849
2,320,312
Newell Brands Inc (c)
 
156,821
878,198
SharkNinja Inc (b)(c)
 
26,102
4,222,521
Smith Douglas Homes Corp Class A (b)
 
3,287
48,746
Somnigroup International Inc
 
77,583
5,068,497
Sonos Inc (b)
 
44,056
645,861
Toll Brothers Inc
 
34,958
5,100,023
Whirlpool Corp (c)
 
23,962
898,575
 
 
 
32,991,565
Leisure Products - 0.6%
 
 
 
Acushnet Holdings Corp
 
10,169
1,029,815
Brunswick Corp/DE
 
24,012
1,896,948
Callaway Golf Co (b)
 
50,340
929,276
Funko Inc Class A (b)
 
14,584
85,024
Hasbro Inc
 
49,625
4,661,773
JAKKS Pacific Inc
 
3,505
92,287
Johnson Outdoors Inc Class A
 
2,257
105,876
Latham Group Inc (b)
 
16,987
91,049
Malibu Boats Inc Class A (b)
 
7,201
198,532
MasterCraft Boat Holdings Inc (b)
 
5,637
134,837
Mattel Inc (b)
 
106,851
1,612,382
Peloton Interactive Inc Class A (b)
 
154,325
986,137
Polaris Inc
 
19,956
1,338,648
Smith & Wesson Brands Inc
 
16,414
238,824
Sturm Ruger & Co Inc
 
5,918
219,972
YETI Holdings Inc (b)
 
28,048
1,372,669
 
 
 
14,994,049
Specialty Retail - 2.4%
 
 
 
1-800-Flowers.com Inc Class A (b)
 
9,155
35,705
Abercrombie & Fitch Co Class A (b)
 
16,473
1,639,722
Academy Sports & Outdoors Inc
 
23,745
1,126,700
Advance Auto Parts Inc
 
22,208
1,233,432
America's Car-Mart Inc/TX (b)(c)
 
2,960
9,442
American Eagle Outfitters Inc
 
57,393
986,012
Arhaus Inc Class A
 
20,732
153,624
Arko Corp
 
29,046
232,078
Asbury Automotive Group Inc (b)
 
6,846
1,586,218
AutoNation Inc (b)
 
9,247
1,964,063
Barnes & Noble Education Inc
 
8,247
102,593
Bath & Body Works Inc
 
74,243
1,493,769
Bed Bath & Beyond Inc (b)(c)
 
27,803
140,405
Boot Barn Holdings Inc (b)
 
11,175
1,664,963
Buckle Inc/The
 
11,348
496,702
Build-A-Bear Workshop Inc
 
4,245
143,990
Caleres Inc
 
12,880
165,379
Camping World Holdings Inc Class A
 
24,033
148,764
CarMax Inc (b)
 
52,397
3,000,252
Chewy Inc Class A (b)
 
88,626
2,002,948
Citi Trends Inc (b)
 
2,663
177,542
Designer Brands Inc Class A
 
13,664
82,531
Dick's Sporting Goods Inc
 
24,304
4,761,398
EVgo Inc Class A (b)(c)
 
53,600
84,688
Five Below Inc (b)
 
20,397
4,428,802
Floor & Decor Holdings Inc Class A (b)
 
39,844
2,293,819
GameStop Corp Class A (b)(c)
 
152,269
3,307,283
Gap Inc/The
 
82,359
1,654,592
Genesco Inc (b)
 
3,738
142,866
Group 1 Automotive Inc
 
4,332
1,242,288
Haverty Furniture Cos Inc
 
5,124
126,255
Lands' End Inc (b)
 
4,140
49,763
Lithia Motors Inc
 
8,417
3,244,080
MarineMax Inc (b)
 
7,172
247,219
Monro Inc
 
11,297
138,388
Murphy USA Inc
 
6,202
3,769,328
National Vision Holdings Inc (b)
 
29,577
651,877
OneWater Marine Inc Class A (b)(c)
 
5,085
62,291
Penske Automotive Group Inc
 
6,805
1,478,795
Petco Health & Wellness Co Inc Class A (b)
 
32,072
89,481
RealReal Inc/The (b)
 
37,002
447,354
Revolve Group Inc Class A (b)
 
15,265
383,304
RH (b)
 
5,726
947,768
Sally Beauty Holdings Inc (b)
 
35,258
527,812
Shoe Station Group Inc (c)
 
6,431
97,751
Signet Jewelers Ltd
 
14,782
1,373,248
Sonic Automotive Inc Class A
 
4,852
444,346
Stitch Fix Inc Class A (b)
 
44,349
178,283
ThredUp Inc Class A (b)
 
37,135
214,640
Upbound Group Inc
 
19,596
379,966
Urban Outfitters Inc (b)
 
18,990
1,408,678
Valvoline Inc (b)
 
46,857
1,799,777
Victoria's Secret & Co (b)
 
29,330
2,600,984
Warby Parker Inc Class A (b)(c)
 
37,029
988,304
Wayfair Inc Class A (b)
 
40,997
3,480,645
Winmark Corp
 
1,099
366,517
Zumiez Inc (b)
 
4,797
94,357
 
 
 
62,093,781
Textiles, Apparel & Luxury Goods - 0.7%
 
 
 
Capri Holdings Ltd (b)
 
43,780
697,415
Carter's Inc
 
13,587
524,051
Columbia Sportswear Co
 
8,913
529,254
Crocs Inc (b)
 
18,345
2,348,343
Figs Inc Class A (b)
 
58,793
629,085
G-III Apparel Group Ltd
 
13,552
493,428
Kontoor Brands Inc
 
18,782
1,572,805
Lakeland Industries Inc (c)
 
3,528
40,218
Levi Strauss & Co Class A
 
34,219
839,050
Movado Group Inc
 
5,785
220,871
Oxford Industries Inc
 
5,265
199,649
PVH Corp
 
16,979
1,471,400
Ralph Lauren Corp Class A
 
14,275
5,429,354
Rocky Brands Inc
 
2,790
136,264
Steven Madden Ltd
 
26,958
1,242,225
Under Armour Inc Class A (b)(c)
 
68,445
455,160
Under Armour Inc Class C (b)(c)
 
44,725
290,265
VF Corp
 
121,188
1,735,412
Wolverine World Wide Inc
 
30,309
596,481
 
 
 
19,450,730
TOTAL CONSUMER DISCRETIONARY
 
 
281,280,822
Consumer Staples - 3.0%
 
 
 
Beverages - 0.6%
 
 
 
Boston Beer Co Inc/The Class A (b)
 
2,761
505,815
Brown-Forman Corp Class A
 
18,436
538,700
Brown-Forman Corp Class B
 
64,315
1,847,770
Celsius Holdings Inc (b)(c)
 
58,404
1,705,981
Coca-Cola Consolidated Inc
 
20,858
3,919,218
MGP Ingredients Inc
 
4,921
87,102
Molson Coors Beverage Co Class B
 
59,124
2,457,193
National Beverage Corp
 
8,632
273,116
Primo Brands Corp Class A
 
91,188
2,069,968
Vita Coco Co Inc/The (b)
 
16,202
1,068,360
 
 
 
14,473,223
Consumer Staples Distribution & Retail - 1.0%
 
 
 
Albertsons Cos Inc Class A
 
131,569
1,523,569
Andersons Inc/The
 
12,429
879,725
BJ's Wholesale Club Holdings Inc (b)
 
47,104
4,605,829
Chefs' Warehouse Inc/The (b)
 
13,354
1,540,384
Grocery Outlet Holding Corp (b)(c)
 
35,866
329,609
Ingles Markets Inc Class A
 
5,006
450,590
Maplebear Inc (b)
 
60,765
2,710,119
Natural Grocers by Vitamin Cottage Inc (c)
 
4,063
130,259
Performance Food Group Co (b)
 
57,988
6,633,247
PriceSmart Inc
 
9,386
1,820,039
Sprouts Farmers Market Inc (b)
 
34,712
3,025,498
United Natural Foods Inc (b)
 
22,359
1,136,508
Village Super Market Inc Class A
 
3,399
149,352
Weis Markets Inc
 
3,515
270,831
 
 
 
25,205,559
Food Products - 1.1%
 
 
 
B&G Foods Inc
 
29,453
103,969
Beyond Meat Inc (b)(c)
 
188,312
106,585
Cal-Maine Foods Inc
 
16,468
1,445,561
Campbell's Company/The (c)
 
72,647
1,596,781
Conagra Brands Inc
 
177,292
2,572,507
Darling Ingredients Inc (b)
 
58,640
3,555,930
Del Monte Corp
 
12,100
359,491
Flowers Foods Inc (c)
 
78,986
554,482
Freshpet Inc (b)
 
18,074
1,076,126
Hormel Foods Corp
 
107,824
2,696,678
Ingredion Inc
 
23,256
2,313,042
J & J Snack Foods Corp
 
5,633
430,925
JM Smucker Co
 
39,326
4,690,019
John B Sanfilippo & Son Inc
 
3,362
278,239
Lamb Weston Holdings Inc
 
50,977
2,678,841
Lifeway Foods Inc (b)
 
2,212
65,872
Mama's Creations Inc (b)
 
14,099
259,845
Marzetti Company/The
 
7,502
801,739
Mission Produce Inc (b)
 
22,046
278,000
Pilgrim's Pride Corp
 
15,755
431,057
Post Holdings Inc (b)
 
14,629
1,337,237
Seaboard Corp
 
95
419,260
Seneca Foods Corp Class A (b)
 
1,784
295,234
Simply Good Foods Co/The (b)
 
31,184
317,453
Tootsie Roll Industries Inc Class A
 
7,481
291,909
Utz Brands Inc Class A
 
30,029
424,009
Vital Farms Inc (b)(c)
 
13,127
167,107
Westrock Coffee Co (b)
 
14,189
115,215
 
 
 
29,663,113
Household Products - 0.1%
 
 
 
Central Garden & Pet Co (b)
 
2,370
102,029
Central Garden & Pet Co Class A (b)
 
19,543
740,875
Energizer Holdings Inc
 
22,581
473,523
Oil-Dri Corp of America
 
3,793
376,303
Reynolds Consumer Products Inc
 
20,544
512,367
Spectrum Brands Holdings Inc
 
8,584
762,002
WD-40 Co
 
4,955
1,125,479
 
 
 
4,092,578
Personal Care Products - 0.2%
 
 
 
BellRing Brands Inc (b)
 
43,034
533,191
Coty Inc Class A (b)
 
135,056
371,404
Edgewell Personal Care Co
 
17,085
464,541
elf Beauty Inc (b)(c)
 
21,795
1,806,588
Herbalife Ltd (b)
 
38,006
472,035
Honest Co Inc/The (b)(c)
 
35,538
129,714
Interparfums Inc
 
6,760
841,958
Medifast Inc (b)
 
3,731
36,675
Nature's Sunshine Products Inc (b)
 
5,115
103,067
Niagen Bioscience Inc (b)
 
19,813
67,364
Nu Skin Enterprises Inc Class A
 
20,037
103,992
USANA Health Sciences Inc (b)
 
4,200
92,862
 
 
 
5,023,391
Tobacco - 0.0%
 
 
 
Turning Point Brands Inc
 
7,102
529,880
Universal Corp/VA
 
9,111
480,059
 
 
 
1,009,939
TOTAL CONSUMER STAPLES
 
 
79,467,803
Energy - 4.1%
 
 
 
Energy Equipment & Services - 1.2%
 
 
 
Archrock Inc
 
64,699
2,313,636
Atlas Energy Solutions Inc (c)
 
28,532
307,860
Bristow Group Inc
 
9,457
428,591
Cactus Inc Class A
 
25,622
1,665,686
Core Laboratories Inc
 
16,764
178,369
DMC Global Inc (b)
 
6,243
42,078
Energy Services of America Corp
 
5,218
75,035
Expro Ltd
 
37,296
594,871
Flowco Holdings Inc Class A
 
12,675
259,204
Forum Energy Technologies Inc (b)
 
4,190
262,587
Geospace Technologies Corp (b)
 
4,511
32,975
Helix Energy Solutions Group Inc (b)
 
50,473
479,998
Helmerich & Payne Inc
 
37,236
1,287,249
Innovex International Inc (b)
 
14,220
399,298
Kodiak Gas Services Inc
 
36,179
2,124,069
Liberty Energy Inc Class A
 
60,149
1,125,388
Nabors Industries Ltd (b)
 
5,447
466,644
National Energy Services Reunited Corp (b)
 
22,020
593,659
Natural Gas Services Group Inc
 
4,000
146,560
Noble Corp PLC
 
46,558
1,974,059
NOV Inc
 
133,138
2,586,872
Oceaneering International Inc (b)
 
36,792
1,794,714
Oil States International Inc (b)
 
20,777
168,501
Patterson-UTI Energy Inc
 
127,918
1,340,581
ProPetro Holding Corp (b)
 
35,986
399,445
Ranger Energy Services Inc Class A
 
5,826
93,507
RPC Inc
 
33,490
187,879
Select Water Solutions Inc Class A
 
43,543
806,416
Solaris Energy Infrastructure Inc Class A
 
20,203
1,038,636
TETRA Technologies Inc (b)
 
49,612
382,012
Tidewater Inc (b)(c)
 
17,048
1,279,623
Transocean Ltd (b)(c)
 
369,681
1,966,703
Valaris Ltd (b)
 
23,796
1,884,405
Weatherford International PLC
 
26,580
2,333,459
 
 
 
31,020,569
Oil, Gas & Consumable Fuels - 2.9%
 
 
 
Aemetis Inc (b)
 
27,055
40,852
Amplify Energy Corp (b)
 
11,933
46,657
Antero Midstream Corp
 
123,369
2,710,417
Antero Resources Corp (b)
 
108,802
3,932,104
APA Corp
 
130,691
4,877,388
California Resources Corp
 
29,031
1,527,611
Calumet Inc (b)
 
23,873
1,054,948
Centrus Energy Corp Class A (b)(c)
 
7,028
1,243,464
Chord Energy Corp
 
20,860
2,928,327
Clean Energy Fuels Corp (b)
 
63,300
122,802
CNX Resources Corp (b)
 
52,455
1,877,889
Comstock Inc (b)(c)
 
28,523
78,153
Comstock Resources Inc (b)(c)
 
29,494
391,090
Core Natural Resources Inc
 
18,605
1,485,423
Crescent Energy Co Class A
 
90,699
1,040,318
CVR Energy Inc
 
11,258
401,010
Delek US Holdings Inc
 
22,577
1,532,301
Diversified Energy Co (c)
 
21,826
293,778
Dorian LPG Ltd
 
13,554
642,731
DT Midstream Inc
 
37,729
5,206,602
Evolution Petroleum Corp (c)
 
16,620
61,162
Excelerate Energy Inc Class A
 
9,050
355,394
Gevo Inc (b)
 
89,672
132,715
Granite Ridge Resources Inc
 
26,483
125,794
Green Plains Inc (b)
 
25,985
437,847
Gulfport Energy Corp (b)
 
5,422
874,948
HF Sinclair Corp
 
56,648
5,181,593
HighPeak Energy Inc Class A
 
8,481
60,639
Infinity Natural Resources Inc Class A (b)(c)
 
7,135
93,897
International Seaways Inc
 
15,067
1,449,144
Kinetik Holdings Inc Class A
 
19,466
984,396
Lightbridge Corp (b)(c)
 
13,086
107,829
Magnolia Oil & Gas Corp Class A
 
68,904
1,771,522
Matador Resources Co
 
43,171
2,153,801
Murphy Oil Corp
 
49,812
1,979,529
NextDecade Corp (b)(c)
 
51,482
345,959
Northern Oil & Gas Inc
 
39,109
827,155
Par Pacific Holdings Inc (b)
 
18,536
1,594,652
PBF Energy Inc Class A
 
31,066
2,245,450
Peabody Energy Corp
 
44,967
958,696
Permian Resources Holdings Inc/DE Class A
 
291,199
6,205,451
PrimeEnergy Resources Corp (b)(c)
 
266
48,971
Range Resources Corp
 
87,263
3,502,737
REX American Resources Corp (b)
 
10,613
456,784
Riley Exploration Permian Inc
 
3,855
132,111
Ring Energy Inc (b)
 
60,350
74,834
Sable Offshore Corp (b)(c)
 
48,059
254,232
SandRidge Energy Inc
 
12,342
171,801
SM Energy Co
 
84,102
2,734,997
Summit Midstream Corp Class A (b)
 
3,945
121,585
Talos Energy Inc (b)
 
45,755
694,561
Ur-Energy Inc (United States) (b)(c)
 
133,488
162,855
Uranium Energy Corp (b)(c)
 
180,898
1,736,621
VAALCO Energy Inc
 
39,774
211,995
Venture Global Inc Class A
 
190,486
2,548,703
Viper Energy Inc Class A
 
72,224
3,221,913
Vitesse Energy Inc (c)
 
12,256
191,194
W&T Offshore Inc
 
35,916
128,938
World Kinect Corp
 
19,191
764,953
 
 
 
76,541,223
TOTAL ENERGY
 
 
107,561,792
Financials - 17.2%
 
 
 
Banks - 6.5%
 
 
 
1st Source Corp
 
6,656
597,309
ACNB Corp
 
3,789
244,315
Amalgamated Financial Corp
 
7,880
389,114
Amerant Bancorp Inc Class A
 
13,722
406,171
Ameris Bancorp
 
23,135
2,017,603
Arrow Financial Corp
 
5,277
210,236
Associated Banc-Corp
 
60,223
1,859,686
Atlantic Union Bankshares Corp
 
52,897
2,244,420
Avidbank Holdings Inc (b)
 
2,962
96,591
Axos Financial Inc (b)
 
20,924
2,121,903
Banc of California Inc
 
50,069
958,821
BancFirst Corp
 
7,700
868,714
Bancorp Inc/The (b)
 
15,354
1,029,793
Bank First Corp
 
3,741
571,400
Bank of Hawaii Corp
 
14,716
1,175,808
Bank of Marin Bancorp
 
5,842
170,353
Bank OZK
 
37,857
1,942,064
BankUnited Inc
 
26,767
1,248,681
Bankwell Financial Group Inc
 
2,666
181,688
Banner Corp
 
12,576
885,476
Bar Harbor Bankshares
 
6,176
245,249
Beacon Financial Corp
 
30,969
975,833
BOK Financial Corp
 
7,819
1,104,747
Bridgewater Bancshares Inc (b)
 
7,918
162,161
Burke & Herbert Financial Services Corp
 
6,242
457,227
Business First Bancshares Inc
 
11,880
378,022
Byline Bancorp Inc
 
12,007
471,515
California BanCorp
 
7,880
167,844
Camden National Corp
 
6,304
364,939
Capital Bancorp Inc
 
4,210
157,159
Capital City Bank Group Inc
 
5,065
262,722
Capitol Federal Financial Inc
 
43,714
386,432
Carter Bankshares Inc
 
8,193
283,314
Cathay General Bancorp
 
24,715
1,561,741
Central Pacific Financial Corp
 
9,756
384,386
ChoiceOne Financial Services Inc
 
5,111
173,927
City Holding Co
 
5,220
757,474
Civista Bancshares Inc
 
7,624
221,553
CNB Financial Corp/PA
 
10,898
382,520
Coastal Financial Corp/WA Class A (b)
 
4,906
201,097
CoastalSouth Bancshares Inc
 
2,773
75,620
Colony Bankcorp Inc
 
8,112
177,815
Columbia Banking System Inc
 
106,933
3,343,795
Columbia Financial Inc (c)
 
27,619
298,561
Commerce Bancshares Inc/MO
 
49,880
2,956,388
Commercial Bancgroup Inc
 
2,575
88,168
Community Financial System Inc
 
19,439
1,259,842
Community Trust Bancorp Inc
 
5,655
443,635
Community West Bancshares
 
8,415
210,627
Connectone Bancorp  Inc
 
18,438
607,348
Cullen/Frost Bankers Inc
 
23,128
3,847,112
Customers Bancorp Inc (b)
 
11,580
911,114
CVB Financial Corp
 
62,039
1,387,812
Dime Commercial Bancshares Inc
 
15,057
613,723
Eagle Bancorp Inc
 
10,180
282,495
East West Bancorp Inc
 
50,552
6,622,312
Eastern Bankshares Inc
 
78,259
1,796,827
Enterprise Financial Services Corp
 
13,511
895,914
Equity Bancshares Inc Class A
 
6,045
306,361
Esquire Financial Holdings Inc
 
2,464
318,398
Farmers National Banc Corp
 
21,283
337,548
FB Bancorp Inc (b)
 
5,752
88,897
FB Financial Corp
 
14,826
895,194
Financial Institutions Inc
 
7,290
302,243
First Bancorp/Southern Pines NC
 
15,305
962,225
First Busey Corp
 
31,392
968,757
First Business Financial Services Inc
 
3,053
214,351
First Commonwealth Financial Corp
 
37,525
807,913
First Community Bankshares Inc
 
7,046
336,235
First Community Corp/SC
 
3,390
115,802
First Financial Bancorp
 
38,279
1,294,979
First Financial Bankshares Inc
 
48,112
1,690,656
First Financial Corp
 
4,417
355,789
First Hawaiian Inc
 
44,948
1,249,105
First Horizon Corp
 
174,914
4,484,795
First Internet Bancorp
 
2,939
86,583
First Interstate BancSystem Inc Class A
 
31,600
1,201,432
First Merchants Corp
 
22,732
980,658
First Mid Bancshares Inc
 
9,091
473,550
Firstsun Capital Bancorp (b)
 
9,609
371,676
Five Star Bancorp
 
6,274
296,070
Flagstar Financial Inc
 
110,158
1,566,447
FNB Corp/PA
 
130,800
2,472,120
Franklin Financial Services Corp
 
1,607
101,498
Fulton Financial Corp
 
69,863
1,699,767
GBank Financial Holdings Inc (b)
 
3,555
74,015
German American Bancorp Inc
 
13,955
710,030
Glacier Bancorp Inc
 
47,497
2,341,127
Great Southern Bancorp Inc
 
2,975
238,922
Hancock Whitney Corp
 
29,880
2,300,760
Hanmi Financial Corp
 
10,997
350,584
Heritage Financial Corp Wash
 
15,404
457,961
Hilltop Holdings Inc
 
15,166
598,147
Hingham Institution For Savings The
 
705
201,052
Home Bancorp Inc
 
2,426
173,071
Home BancShares Inc/AR
 
68,905
2,140,878
HomeTrust Bancshares Inc
 
4,749
243,101
Hope Bancorp Inc
 
47,763
669,160
Horizon Bancorp Inc/IN
 
18,988
388,305
Independent Bank Corp
 
17,815
1,493,431
Independent Bank Corp/MI
 
7,473
285,469
International Bancshares Corp
 
19,895
1,522,763
Investar Holding Corp
 
4,271
128,643
Kearny Financial Corp/MD
 
21,599
207,134
Lakeland Financial Corp
 
9,272
580,891
Live Oak Bancshares Inc
 
13,319
570,053
Mechanics Bancorp Class A
 
18,502
310,649
Mercantile Bank Corp
 
6,396
384,272
Meridian Corp
 
3,452
67,797
Metrocity Bankshares Inc
 
7,827
276,919
Metropolitan Bank Holding Corp
 
4,106
379,723
Mid Penn Bancorp Inc
 
8,455
324,165
Midland States Bancorp Inc
 
7,731
260,303
MVB Financial Corp
 
4,289
131,458
National Bank Holdings Corp Class A
 
16,606
717,213
NB Bancorp Inc
 
13,980
321,680
Nbt Bancorp Inc
 
19,153
1,008,405
Nicolet Bankshares Inc (c)
 
7,226
1,235,068
Northeast Bank
 
2,645
328,430
Northpointe Bancshares Inc
 
3,533
61,827
Northrim BanCorp Inc
 
8,271
219,264
Northwest Bancshares Inc
 
54,885
863,890
OceanFirst Financial Corp
 
32,173
621,261
Old National Bancorp/IN
 
126,813
3,378,298
Old Second Bancorp Inc
 
18,834
476,312
Origin Bancorp Inc
 
10,737
587,636
Orrstown Financial Services Inc
 
7,386
315,604
Park National Corp
 
5,983
1,245,361
Parke Bancorp Inc
 
3,663
125,091
Pathward Financial Inc
 
7,795
687,831
Peapack-Gladstone Financial Corp
 
5,821
267,650
Peoples Bancorp Inc/OH
 
13,426
559,327
Peoples Financial Services Corp
 
3,368
236,972
Pinnacle Financial Partners Inc
 
55,440
5,833,951
Preferred Bank/Los Angeles CA
 
4,074
425,489
Prosperity Bancshares Inc
 
37,144
2,780,971
Provident Financial Services Inc
 
48,274
1,191,402
QCR Holdings Inc
 
6,074
625,318
Red River Bancshares Inc
 
1,789
179,884
Renasant Corp
 
34,063
1,484,125
Republic Bancorp Inc/KY Class A
 
3,591
357,448
S&T Bancorp Inc
 
13,401
698,862
Seacoast Banking Corp of Florida
 
35,523
1,234,069
ServisFirst Bancshares Inc
 
18,548
1,660,046
Shore Bancshares Inc
 
11,093
271,779
Sierra Bancorp
 
4,301
175,309
Simmons First National Corp Class A
 
53,163
1,254,115
SmartFinancial Inc
 
5,291
277,248
South Plains Financial Inc
 
5,292
237,293
Southern Financial Capital Trust III (b)
 
3,305
206,232
Southern Missouri Bancorp Inc
 
3,343
258,782
Southside Bancshares Inc
 
10,490
341,030
SOUTHSTATE BANK CORP
 
36,066
3,790,176
Stock Yards Bancorp Inc
 
10,108
860,191
Texas Capital Bancshares Inc
 
16,029
1,584,467
TFS Financial Corp (c)
 
19,186
353,214
Third Coast Bancshares Inc (b)
 
5,622
246,468
Tompkins Financial Corp
 
4,708
470,047
Towne Bank/Portsmouth VA
 
31,737
1,203,150
TriCo Bancshares
 
11,837
681,101
Triumph Financial Inc (b)
 
8,355
634,395
TrustCo Bank Corp NY
 
6,501
370,427
Trustmark Corp
 
21,665
1,028,004
UMB Financial Corp
 
26,347
3,839,548
United Bankshares Inc/WV
 
50,735
2,458,111
United Community Banks Inc/GA
 
44,290
1,569,638
Unity Bancorp Inc
 
2,330
137,214
Univest Financial Corp
 
10,299
455,628
Valley National Bancorp
 
175,668
2,510,296
WaFd Inc
 
27,205
1,000,328
Washington Trust Bancorp Inc
 
7,436
289,855
Webster Financial Corp
 
59,572
4,600,150
WesBanco Inc
 
35,525
1,470,025
Westamerica BanCorp
 
8,735
525,410
Western Alliance Bancorp
 
37,742
3,037,854
Wintrust Financial Corp
 
24,876
3,968,717
WSFS Financial Corp
 
19,158
1,536,472
Zions Bancorp NA
 
54,317
3,785,895
 
 
 
171,086,202
Capital Markets - 2.9%
 
 
 
Acadian Asset Management Inc
 
9,711
839,904
Affiliated Managers Group Inc
 
9,742
3,572,684
AI Financial Corp (b)
 
43,986
18,113
Artisan Partners Asset Management Inc Class A
 
26,537
1,041,312
Bakkt Inc Class A (b)(c)
 
11,834
84,850
BGC Group Inc Class A
 
136,306
1,570,245
Blue Owl Capital Inc Class A
 
237,263
2,443,809
BRC Group Holdings Inc (b)(c)
 
8,683
62,170
Carlyle Group Inc/The
 
95,721
4,405,080
Cohen & Steers Inc
 
10,292
846,723
DigitalBridge Group Inc Class A
 
61,200
971,244
Donnelley Financial Solutions Inc (b)
 
9,224
436,295
Evercore Inc Class A
 
14,290
4,580,802
FactSet Research Systems Inc
 
13,430
3,534,776
Federated Hermes Inc Class B
 
26,757
1,604,350
Franklin Resources Inc
 
113,200
3,832,952
Galaxy Digital Inc Class A (b)(c)
 
70,848
1,488,516
GCM Grosvenor Inc Class A
 
22,383
279,340
Hamilton Lane Inc Class A
 
15,057
1,338,718
Houlihan Lokey Inc Class A
 
20,006
2,510,553
Innventure Inc (b)(c)
 
18,457
59,432
Invesco Ltd
 
163,743
4,846,794
Jefferies Financial Group Inc
 
60,372
3,296,311
Lazard Inc
 
41,238
1,747,666
MarketAxess Holdings Inc
 
13,129
2,130,837
Miami International Holdings Inc
 
11,856
557,706
Moelis & Co Class A
 
27,498
1,844,566
Morningstar Inc
 
8,112
1,562,128
Oppenheimer Holdings Inc Class A
 
2,226
237,381
Perella Weinberg Partners Class A
 
25,932
457,700
Piper Sandler Cos
 
24,935
1,890,073
PJT Partners Inc Class A (c)
 
9,508
1,600,291
Ridgepost Capital Inc Class A
 
23,165
199,682
SEI Investments Co
 
33,691
3,469,499
StepStone Group Inc Class A
 
27,234
1,194,483
Stifel Financial Corp
 
56,562
4,689,556
StoneX Group Inc (b)
 
39,007
2,986,766
TPG Inc Class A
 
50,092
2,187,017
Victory Capital Holdings Inc Class A
 
17,078
1,691,234
Virtu Financial Inc Class A
 
30,116
1,768,713
Virtus Invt Partners Inc
 
2,327
370,807
WisdomTree Inc
 
46,287
896,579
 
 
 
75,147,657
Consumer Finance - 1.0%
 
 
 
Ally Financial Inc
 
102,947
4,460,694
Atlanticus Holdings Corp (b)
 
2,051
216,360
Bread Financial Holdings Inc
 
14,873
1,607,325
Credit Acceptance Corp (b)
 
2,156
1,226,570
Dave Inc Class A (b)(c)
 
3,831
1,427,775
DeFi Development Corp (b)
 
8,291
21,224
Encore Capital Group Inc (b)
 
7,891
742,385
Enova International Inc (b)
 
9,192
2,336,055
EZCORP Inc Class A (b)
 
21,619
643,598
Figure Technology Solutions Inc Class A
 
12,020
299,418
FirstCash Holdings Inc
 
14,225
2,902,042
Green Dot Corp Class A (b)
 
18,747
245,773
Happen Inc (b)
 
42,543
814,273
Jefferson Capital Inc
 
6,380
128,302
Lendingtree Inc (b)
 
4,253
135,501
Navient Corp
 
24,464
205,253
Nelnet Inc Class A
 
5,117
695,247
NerdWallet Inc Class A (b)
 
10,669
96,021
OneMain Holdings Inc
 
42,689
2,671,478
Oportun Financial Corp (b)
 
15,870
87,920
OppFi Inc Class A (b)(c)
 
13,304
124,658
PRA Group Inc (b)
 
14,010
243,354
PROG Holdings Inc
 
14,840
653,257
Regional Management Corp
 
3,349
108,072
SLM Corp
 
69,443
1,805,171
Upstart Holdings Inc (b)(c)
 
31,249
857,473
World Acceptance Corp (b)
 
994
178,731
 
 
 
24,933,930
Financial Services - 2.4%
 
 
 
Affirm Holdings Inc Class A (b)
 
108,584
7,764,842
Alerus Financial Corp
 
9,363
311,507
Better Home & Finance Holding Co Class A (b)(c)
 
3,851
90,499
Cannae Holdings Inc
 
14,657
213,259
Cass Information Systems Inc
 
4,280
239,338
Corebridge Financial Inc
 
89,516
2,792,004
Enact Holdings Inc
 
10,363
490,377
Equitable Holdings Inc
 
104,127
4,961,652
Essent Group Ltd
 
33,974
2,240,925
Euronet Worldwide Inc (b)
 
13,043
930,357
Federal Agricultural Mortgage Corp Class C
 
3,428
780,213
Finance of America Cos Inc Class A (b)(c)
 
1,769
40,244
Flywire Corp (b)
 
40,943
655,497
HA Sustainable Infrastructure Capital Inc
 
47,134
1,784,965
International Money Express Inc (b)
 
10,975
130,164
Jack Henry & Associates Inc
 
26,204
4,036,464
Jackson Financial Inc
 
25,807
3,155,680
loanDepot Inc Class A (b)(c)
 
70,007
68,691
Marqeta Inc Class A (b)
 
34,027
590,709
Merchants Bancorp/IN
 
10,846
598,482
MGIC Investment Corp
 
78,034
2,344,141
NCR Atleos Corp (b)
 
27,193
1,278,887
NewtekOne Inc
 
9,784
145,097
NMI Holdings Inc (b)
 
28,075
1,243,723
Onity Group Inc (b)
 
2,301
84,355
Paymentus Holdings Inc Class A (b)
 
21,170
721,897
Payoneer Global Inc (b)
 
100,125
717,896
Paysign Inc (b)
 
13,467
120,664
PennyMac Financial Services Inc
 
10,717
808,169
Priority Technology Holdings Inc (b)(c)
 
9,800
63,699
Radian Group Inc
 
49,112
1,914,877
Remitly Global Inc (b)
 
63,675
1,449,880
Repay Holdings Corp Class A (b)
 
26,260
105,040
Rocket Cos Inc Class A (b)
 
362,189
4,672,238
Sezzle Inc (b)(c)
 
6,193
958,367
Shift4 Payments Inc Class A (b)(c)
 
21,607
1,145,171
Toast Inc Class A (b)
 
173,204
5,589,293
UWM Holdings Corp Class A (c)
 
118,073
214,893
Velocity Financial Inc (b)
 
3,465
60,775
Voya Financial Inc
 
33,470
3,327,922
Walker & Dunlop Inc
 
12,730
632,554
Western Union Co/The (c)
 
116,288
739,592
WEX Inc (b)
 
12,807
2,394,397
 
 
 
62,609,396
Insurance - 3.5%
 
 
 
Abacus Global Management Inc Class A
 
11,403
117,565
American Coastal Insurance Corp
 
8,848
93,966
American Financial Group Inc/OH
 
25,447
3,606,349
American Integrity Insurance Group Inc
 
2,779
56,386
Amerisafe Inc
 
7,235
210,104
Assurant Inc
 
18,272
5,101,360
Assured Guaranty Ltd
 
15,340
1,268,925
Axis Capital Holdings Ltd
 
27,139
2,858,279
Baldwin Insurance Group Inc/The Class A (b)
 
29,441
816,693
Bowhead Specialty Holdings Inc (b)
 
6,388
195,409
Brighthouse Financial Inc (b)
 
20,994
1,299,739
CNO Financial Group Inc
 
34,345
1,892,066
Donegal Group Inc Class A
 
6,505
128,409
Employers Holdings Inc
 
6,768
342,122
Erie Indemnity Co Class A (c)
 
9,386
2,271,787
F&G Annuities & Life Inc
 
13,835
395,266
Fidelity National Financial Inc
 
93,548
4,826,141
First American Financial Corp
 
37,589
2,818,799
Genworth Financial Inc Class A (b)
 
140,805
1,384,113
Globe Life Inc
 
28,623
5,216,542
Goosehead Insurance Inc Class A (b)
 
8,719
540,578
Greenlight Capital Re Ltd Class A (b)
 
9,484
157,909
Hagerty Inc Class A (b)(c)
 
14,470
166,839
Hanover Insurance Group Inc/The
 
12,890
2,998,601
HCI Group Inc
 
3,903
683,064
Heritage Insurance Holdings Inc (b)
 
8,330
244,652
Hippo Holdings Inc (b)
 
7,985
251,128
Horace Mann Educators Corp
 
15,009
782,119
Investors Title Co
 
559
161,713
James River Group Holdings Inc
 
16,270
73,052
Kemper Corp
 
21,892
621,295
Kingstone Cos Inc
 
4,706
93,979
Kinsale Capital Group Inc
 
8,082
2,880,586
Lemonade Inc (b)
 
24,154
1,166,880
Lincoln National Corp
 
62,871
2,867,546
Loews Corp
 
62,106
7,204,918
MBIA Inc (b)
 
16,284
83,374
Mercury General Corp
 
9,814
1,051,276
Neptune Insurance Holdings Inc Class A
 
10,103
320,366
Octave Specialty Group Inc (b)
 
16,397
88,544
Old Republic International Corp
 
82,651
3,571,350
Oscar Health Inc Class A (b)
 
81,528
2,545,304
Palomar Hldgs Inc (b)
 
9,747
1,304,051
Primerica Inc
 
11,499
3,679,220
Reinsurance Group of America Inc
 
24,165
5,723,480
RLI Corp
 
33,836
2,072,117
Root Inc/OH Class A (b)
 
5,217
282,501
Ryan Specialty Holdings Inc Class A
 
42,066
1,857,635
Safety Insurance Group Inc
 
5,547
573,504
Selective Insurance Group Inc
 
22,113
2,096,091
Selectquote Inc (b)
 
52,368
39,119
SiriusPoint Ltd (b)
 
38,494
910,383
Skyward Specialty Insurance Group Inc (b)
 
13,889
832,646
Slide Insurance Holdings Inc (b)
 
8,049
160,739
Stewart Information Services Corp
 
11,307
764,240
Tiptree Inc Class A
 
8,581
152,484
Trupanion Inc (b)
 
12,536
307,007
TWFG Inc Class A (b)
 
4,978
133,410
United Fire Group Inc
 
8,162
419,200
Universal Insurance Holdings Inc
 
9,278
405,541
Unum Group
 
54,218
4,668,712
White Mountains Insurance Group Ltd
 
900
1,887,957
 
 
 
91,725,130
Mortgage Real Estate Investment Trusts (REITs) - 0.9%
 
 
 
Adamas Trust Inc
 
30,888
280,154
AGNC Investment Corp
 
423,899
4,518,763
Annaly Capital Management Inc
 
270,247
6,140,012
Arbor Realty Trust Inc (c)
 
72,873
365,094
Ares Commercial Real Estate Corp
 
20,747
88,382
ARMOUR Residential REIT Inc
 
45,715
752,926
Blackstone Mortgage Trust Inc Class A
 
58,259
847,086
Brightspire Capital Inc Class A
 
48,704
244,007
Chimera Investment Corp
 
30,706
383,211
Claros Mortgage Trust Inc (b)
 
45,943
81,318
Dynex Capital Inc
 
79,384
1,008,971
Ellington Financial Inc
 
45,783
607,998
Franklin BSP Realty Trust Inc
 
29,831
226,417
Invesco Mortgage Capital Inc
 
34,847
258,216
KKR Real Estate Select Trust Inc (c)
 
19,507
135,769
Ladder Capital Corp Class A
 
40,809
390,134
MFA Financial Inc
 
38,299
348,904
Orchid Island Capital Inc
 
73,989
480,189
Pennymac Mortgage Investment Trust
 
32,116
302,854
Ready Capital Corp
 
53,541
76,563
Redwood Trust Inc
 
46,950
214,562
Rithm Capital Corp
 
207,351
2,048,628
Starwood Property Trust Inc
 
129,567
2,070,481
TPG Mortgage Investment Trust Inc
 
11,721
81,695
TPG RE Finance Trust Inc
 
29,427
234,533
Two Harbors Investment Corp
 
38,819
469,322
 
 
 
22,656,189
TOTAL FINANCIALS
 
 
448,158,504
Health Care - 14.9%
 
 
 
Biotechnology - 6.1%
 
 
 
4D Molecular Therapeutics Inc (b)
 
14,789
150,552
Abeona Therapeutics Inc (b)(c)
 
20,082
128,926
Absci Corp (b)(c)
 
50,254
390,976
ACADIA Pharmaceuticals Inc (b)
 
46,712
1,208,439
Achieve Life Sciences Inc (b)(c)
 
30,577
196,304
ADMA Biologics Inc (b)
 
85,704
725,056
Agenus Inc (b)(c)
 
15,259
114,443
Agios Pharmaceuticals Inc (b)
 
21,936
658,519
Akebia Therapeutics Inc (b)
 
95,475
126,027
Aldeyra Therapeutics Inc (b)
 
17,082
26,306
Alector Inc (b)
 
32,930
49,724
Alkermes PLC (b)
 
61,594
3,017,490
Allogene Therapeutics Inc (b)
 
103,519
194,616
Altimmune Inc (b)(c)
 
72,116
204,809
AnaptysBio Inc (b)
 
7,614
406,283
Anavex Life Sciences Corp (b)
 
33,257
91,457
Anika Therapeutics Inc (b)
 
4,935
95,147
Annexon Inc (b)
 
55,937
284,999
Apogee Therapeutics Inc (b)
 
20,667
2,771,238
Arbutus Biopharma Corp (b)(c)
 
58,739
254,927
Arcturus Therapeutics Holdings Inc (b)(c)
 
9,473
54,564
Arcus Biosciences Inc (b)
 
31,890
898,979
Arcutis Biotherapeutics Inc (b)
 
42,207
1,133,680
Ardelyx Inc (b)
 
90,821
449,564
ArriVent Biopharma Inc (b)
 
12,701
378,744
Arrowhead Pharmaceuticals Inc (b)
 
51,995
4,401,377
ARS Pharmaceuticals Inc (b)(c)
 
25,248
129,522
Assembly Biosciences Inc (b)
 
4,019
100,917
Atrium Therapeutics Inc
 
6,145
69,746
aTyr Pharma Inc (b)(c)
 
35,230
17,111
Aura Biosciences Inc (b)
 
36,153
253,433
Beam Therapeutics Inc (b)
 
36,625
934,670
Bicara Therapeutics Inc (b)
 
15,672
424,711
BioCryst Pharmaceuticals Inc (b)
 
90,376
811,576
Biohaven Ltd (b)
 
48,004
648,054
BioMarin Pharmaceutical Inc (b)
 
71,420
4,286,628
Biomea Fusion Inc (b)
 
18,616
21,781
Black Diamond Therapeutics Inc (b)
 
15,807
26,714
Bridgebio Pharma Inc (b)
 
63,616
5,095,005
C4 Therapeutics Inc (b)
 
33,636
117,053
Cabaletta Bio Inc (b)
 
60,355
161,751
Candel Therapeutics Inc (b)
 
21,072
210,931
Capricor Therapeutics Inc (b)(c)
 
18,822
72,465
Cardiff Oncology Inc (b)(c)
 
22,892
19,582
CareDx Inc (b)
 
19,007
830,796
Caribou Biosciences Inc (b)
 
30,044
43,864
Carisma Therapeutics Inc rights (b)(d)
 
47,241
0
Cartesian Therapeutics Inc rights (b)(d)
 
31,759
9,210
Celcuity Inc (b)
 
13,988
1,208,283
Celldex Therapeutics Inc (b)
 
28,819
1,096,851
CG oncology Inc (b)
 
27,620
1,966,268
Cogent Biosciences Inc (b)
 
63,149
2,458,391
Coherus Oncology Inc (b)
 
61,963
87,368
Compass Therapeutics Inc (b)(c)
 
57,805
110,408
Corbus Pharmaceuticals Holdings Inc (b)
 
6,112
54,825
Corvus Pharmaceuticals Inc (b)
 
27,082
359,107
Cullinan Therapeutics Inc (b)
 
19,730
325,545
Cytokinetics Inc (b)
 
50,116
3,865,447
CytomX Therapeutics Inc (b)
 
67,102
208,016
Denali Therapeutics Inc (b)
 
55,562
1,279,037
Design Therapeutics Inc (b)
 
12,018
146,379
DiaMedica Therapeutics Inc (b)(c)
 
12,165
77,126
Dianthus Therapeutics Inc (b)
 
14,700
1,571,724
Disc Medicine Inc (b)
 
11,851
912,527
Dyne Therapeutics Inc (b)
 
54,282
1,366,821
Editas Medicine Inc (b)
 
34,800
89,784
Eledon Pharmaceuticals Inc (b)(c)
 
26,679
90,175
Emergent BioSolutions Inc (b)(c)
 
18,927
136,653
Enanta Pharmaceuticals Inc (b)
 
9,700
122,220
Entrada Therapeutics Inc (b)
 
8,407
57,084
Erasca Inc (b)
 
88,418
1,604,787
Evommune Inc
 
3,986
44,843
Exelixis Inc (b)
 
92,829
4,922,722
Fate Therapeutics Inc (b)
 
37,797
92,603
First Tracks Biotherapeutics Inc
 
9,943
437,890
Galectin Therapeutics Inc (b)
 
19,905
59,118
Geron Corp (b)
 
199,166
256,924
Gossamer Bio Inc (b)(c)
 
74,746
12,669
GRAIL Inc (b)
 
12,008
823,268
Halozyme Therapeutics Inc (b)
 
43,798
3,615,087
Heron Therapeutics Inc (b)(c)
 
66,714
33,103
Humacyte Inc Class A (b)(c)
 
68,576
44,808
Ideaya Biosciences Inc (b)
 
34,492
1,224,466
Immunic Inc (b)(c)
 
5,154
72,001
ImmunityBio Inc (b)(c)
 
119,254
855,051
Immunome Inc (b)
 
39,358
895,788
Immunovant Inc (b)
 
28,526
1,101,674
Incyte Corp (b)
 
61,956
7,404,981
Inhibrx Biosciences Inc (b)
 
3,559
292,016
Intellia Therapeutics Inc (b)(c)
 
51,931
554,623
Ionis Pharmaceuticals Inc (b)
 
61,071
3,161,646
Iovance Biotherapeutics Inc (b)(c)
 
137,933
561,387
Ironwood Pharmaceuticals Inc Class A (b)
 
53,025
224,296
Jade Biosciences Inc (b)
 
15,665
309,384
Janux Therapeutics Inc (b)
 
17,974
272,666
Keros Therapeutics Inc (b)
 
6,981
70,299
Kodiak Sciences Inc (b)
 
15,189
631,559
Korro Bio Inc (b)
 
4,390
45,524
Krystal Biotech Inc (b)
 
9,702
3,309,546
Kura Oncology Inc (b)
 
32,199
290,113
Kymera Therapeutics Inc (b)
 
23,422
2,421,835
Kyverna Therapeutics Inc (b)
 
14,109
102,996
Larimar Therapeutics Inc (b)
 
22,456
85,782
Lexeo Therapeutics Inc (b)
 
23,988
99,070
Lineage Cell Therapeutics Inc (b)
 
94,219
101,757
Lyell Immunopharma Inc (b)
 
5,137
66,473
MacroGenics Inc (b)
 
20,852
76,944
Madrigal Pharmaceuticals Inc (b)
 
6,983
3,263,296
MannKind Corp (b)
 
114,073
446,025
MapLight Therapeutics Inc
 
6,932
90,255
MiMedx Group Inc (b)
 
42,656
176,169
Mineralys Therapeutics Inc (b)
 
23,448
598,393
Mirum Pharmaceuticals Inc (b)
 
17,733
1,878,811
Moderna Inc (b)
 
130,307
7,143,430
Monopar Therapeutics Inc (b)
 
1,452
157,324
Monte Rosa Therapeutics Inc (b)
 
25,232
416,833
Myriad Genetics Inc (b)
 
35,050
100,243
Neurocrine Biosciences Inc (b)
 
37,117
6,191,116
Neurogene Inc (b)
 
4,065
133,698
Nkarta Inc (b)
 
19,098
39,915
Novavax Inc (b)(c)
 
60,606
443,636
Nurix Therapeutics Inc (b)
 
35,799
830,895
Ocugen Inc (b)(c)
 
124,591
153,247
Olema Pharmaceuticals Inc (b)
 
20,838
238,595
OmniAb Operations Inc $12.5 earnout shares (b)(d)
 
1,470
558
OmniAb Operations Inc $15 earnout shares (b)(d)
 
1,470
381
Organogenesis Holdings Inc Class A (b)
 
27,300
64,701
ORIC Pharmaceuticals Inc (b)
 
30,085
333,041
Oruka Therapeutics Inc (b)
 
18,738
1,808,404
Palvella Therapeutics Inc (b)
 
3,654
508,052
PDL BioPharma Inc (b)(d)
 
15,583
0
Perspective Therapeutics Inc (b)(c)
 
30,537
88,863
Praxis Precision Medicines Inc (b)
 
9,680
2,979,794
Precigen Inc (b)
 
65,412
410,133
Prime Medicine Inc (b)(c)
 
41,905
122,363
ProKidney Corp Class A (b)(c)
 
37,120
57,165
Protagonist Therapeutics Inc (b)
 
22,342
3,052,811
Protara Therapeutics Inc (b)
 
19,061
74,719
PTC Therapeutics Inc (b)
 
30,537
2,076,821
Puma Biotechnology Inc (b)
 
14,938
118,458
Recursion Pharmaceuticals Inc Class A (b)(c)
 
193,925
581,775
REGENXBIO Inc (b)
 
17,401
168,616
Relay Therapeutics Inc (b)
 
62,457
1,176,065
Replimune Group Inc (b)(c)
 
27,489
307,877
Rezolute Inc (b)
 
31,864
150,398
Rhythm Pharmaceuticals Inc (b)
 
23,064
2,289,102
Rigel Pharmaceuticals Inc (b)
 
6,822
251,118
Rocket Pharmaceuticals Inc (b)
 
33,329
103,653
Roivant Sciences Ltd (b)
 
166,593
5,649,169
Sagimet Biosciences Inc Class A (b)
 
21,062
149,751
Sana Biotechnology Inc (b)
 
63,031
197,287
Sarepta Therapeutics Inc (b)
 
39,243
583,151
Savara Inc (b)
 
50,779
277,253
Scholar Rock Holding Corp (b)
 
36,602
1,731,092
SELLAS Life Sciences Group Inc (b)(c)
 
68,460
685,285
Sionna Therapeutics Inc (b)
 
5,454
257,047
Solid Biosciences Inc (b)
 
24,751
199,493
Spyre Therapeutics Inc (b)
 
28,570
2,809,288
Stoke Therapeutics Inc (b)
 
20,853
601,818
Summit Therapeutics Inc (b)(c)
 
57,599
749,939
Syndax Pharmaceuticals Inc (b)
 
32,507
619,258
Tango Therapeutics Inc (b)
 
45,729
1,242,914
Taysha Gene Therapies Inc (b)
 
97,251
569,891
Tectonic Therapeutic Inc (b)(c)
 
3,665
102,730
TG Therapeutics Inc (b)(c)
 
48,706
2,534,173
Tonix Pharmaceuticals Holding Corp (b)
 
6,070
60,761
Travere Therapeutics Inc (b)
 
34,375
1,921,219
Twist Bioscience Corp (b)
 
22,958
2,101,805
Tyra Biosciences Inc (b)
 
10,881
346,886
Ultragenyx Pharmaceutical Inc (b)
 
36,189
901,468
Upstream Bio Inc (b)
 
12,184
76,881
Vanda Pharmaceuticals Inc (b)
 
22,580
115,158
Vaxcyte Inc (b)
 
48,445
2,619,906
Vera Therapeutics Inc Class A (b)
 
24,265
778,907
Veracyte Inc (b)
 
29,427
1,363,059
Verastem Inc (b)
 
30,578
177,352
Vericel Corp (b)
 
18,890
868,184
Viking Therapeutics Inc (b)
 
43,014
1,365,264
Vir Biotechnology Inc (b)
 
44,780
387,795
Viridian Therapeutics Inc (b)
 
36,053
682,123
Voyager Therapeutics Inc (b)
 
19,487
59,046
Xencor Inc (b)
 
27,284
551,410
Zenas Biopharma Inc (b)
 
13,875
436,230
 
 
 
159,268,146
Health Care Equipment & Supplies - 2.4%
 
 
 
Align Technology Inc (b)
 
24,585
4,158,799
Alphatec Holdings Inc (b)
 
43,321
412,416
AngioDynamics Inc (b)
 
15,193
224,704
Anteris Technologies Global Corp (b)
 
28,053
219,936
Artivion Inc (b)
 
15,762
422,894
AtriCure Inc (b)
 
18,648
704,148
Axogen Inc (b)
 
19,558
825,543
Baxter International Inc
 
190,832
4,992,165
Beta Bionics Inc (b)(c)
 
14,909
191,282
Bioventus Inc (b)(c)
 
17,194
226,445
Butterfly Network Inc Class A (b)
 
78,676
559,386
Ceribell Inc (b)
 
8,065
142,670
Cerus Corp (b)
 
73,417
157,847
ClearPoint Neuro Inc (b)(c)
 
11,133
166,327
CONMED Corp
 
11,135
515,551
CVRx Inc (b)(c)
 
6,064
31,381
Delcath Systems Inc (b)(c)
 
9,593
117,226
DENTSPLY SIRONA Inc (c)
 
74,029
989,768
Electromed Inc (b)
 
2,491
101,458
Embecta Corp (c)
 
22,804
83,007
Enovis Corp (b)
 
21,173
617,193
Envista Holdings Corp (b)
 
59,963
1,637,590
Glaukos Corp (b)
 
21,665
3,611,989
Globus Medical Inc Class A (b)
 
41,797
3,293,186
Haemonetics Corp (b)
 
17,098
1,462,563
ICU Medical Inc (b)
 
9,206
1,551,303
Inogen Inc (b)
 
8,643
55,747
Inspire Medical Systems Inc (b)
 
9,635
483,773
Integer Holdings Corp (b)
 
12,481
1,512,822
Integra LifeSciences Holdings Corp (b)
 
24,596
409,523
iRadimed Corp
 
3,014
273,852
iRhythm Technologies Inc (b)
 
12,155
1,424,201
Kestra Medical Technologies Ltd (b)
 
7,123
162,618
Lantheus Holdings Inc (b)
 
24,022
2,393,552
LeMaitre Vascular Inc
 
7,764
786,648
LivaNova PLC (b)
 
20,320
1,628,445
Medline Inc Class A
 
148,647
5,838,855
Merit Medical Systems Inc (b)
 
21,939
1,865,034
Microbot Medical Inc (b)(c)
 
23,434
40,306
Neogen Corp (b)
 
80,387
967,859
NeuroPace Inc (b)
 
9,180
118,330
Novocure Ltd (b)
 
38,763
575,243
Omnicell Inc (b)
 
16,788
593,792
OraSure Technologies Inc (b)
 
25,821
104,575
Orthofix Medical Inc (b)
 
15,072
177,850
OrthoPediatrics Corp (b)
 
6,360
128,408
Penumbra Inc (b)
 
14,499
4,656,934
Procept Biorobotics Corp (b)(c)
 
20,988
390,797
Pulse Biosciences Inc (b)(c)
 
6,901
242,432
QuidelOrtho Corp (b)
 
25,317
424,566
RxSight Inc (b)
 
12,367
74,326
SANUWAVE Health Inc (b)(c)
 
2,389
14,740
Senseonics Holdings Inc (b)(c)
 
18,080
90,942
SI-BONE Inc (b)
 
14,822
263,239
Sight Sciences Inc (b)
 
12,918
67,949
Solventum Corp (b)
 
54,339
4,642,724
STAAR Surgical Co (b)
 
18,404
448,321
Stereotaxis Inc (b)
 
28,245
35,589
Streamex Corp (b)(c)
 
39,990
28,389
Tactile Systems Technology Inc (b)
 
8,492
239,220
Tandem Diabetes Care Inc (b)
 
25,157
490,562
Teleflex Inc
 
16,370
2,237,943
TransMedics Group Inc (b)
 
12,734
974,278
UFP Technologies Inc (b)(c)
 
2,851
726,378
Varex Imaging Corp (b)
 
15,757
176,321
 
 
 
63,183,860
Health Care Providers & Services - 2.7%
 
 
 
Acadia Healthcare Co Inc (b)
 
33,859
1,002,904
Accendra Health Inc (b)
 
26,450
81,730
AdaptHealth Corp (b)
 
39,855
430,434
Addus HomeCare Corp (b)
 
6,758
780,414
agilon health Inc (b)
 
4,605
421,864
Alignment Healthcare Inc (b)
 
61,154
908,137
AMN Healthcare Services Inc (b)
 
14,370
483,263
Ardent Health Inc (b)
 
8,754
93,405
Astrana Health Inc (b)
 
15,699
558,256
Aveanna Healthcare Holdings Inc (b)
 
27,058
254,075
BrightSpring Health Services Inc (b)
 
58,436
3,489,214
Brookdale Senior Living Inc (b)
 
88,116
1,286,494
Castle Biosciences Inc (b)
 
11,339
317,492
Chemed Corp
 
4,902
2,609,090
Clover Health Investments Corp Class A (b)
 
149,006
621,355
Community Health Systems Inc (b)(c)
 
42,962
119,864
Concentra Group Holdings Parent Inc
 
43,821
1,386,935
CorVel Corp (b)
 
11,555
693,993
DaVita Inc (b)
 
11,840
2,842,666
Encompass Health Corp
 
36,633
4,068,827
Ensign Group Inc/The
 
21,386
3,810,130
Fulgent Genetics Inc (b)
 
6,948
114,989
GeneDx Holdings Corp Class A (b)
 
8,092
526,870
Guardant Health Inc (b)
 
48,948
7,929,087
Guardian Pharmacy Services Inc Class A (b)
 
10,332
408,424
HealthEquity Inc (b)
 
31,147
3,133,700
Henry Schein Inc (b)
 
35,749
3,065,477
Hims & Hers Health Inc Class A (b)(c)
 
78,276
2,173,725
Hinge Health Inc Class A (b)
 
11,672
872,015
Infusystem Holdings Inc (b)
 
7,175
65,579
LifeStance Health Group Inc (b)
 
84,442
884,952
Molina Healthcare Inc (b)
 
19,215
3,758,838
National HealthCare Corp
 
4,612
1,042,450
NeoGenomics Inc (b)
 
47,891
732,253
NRC Health Class A
 
4,958
96,731
Nutex Health Inc (b)
 
1,861
274,367
Oncology Institute Inc/The (b)
 
25,775
125,267
OPKO Health Inc (b)
 
156,278
206,287
Option Care Health Inc (b)
 
57,858
1,332,470
PACS Group Inc (b)
 
16,322
750,975
Pediatrix Medical Group Inc (b)
 
29,686
786,976
Pennant Group Inc/The (b)
 
12,941
521,781
Privia Health Group Inc (b)
 
43,775
1,036,154
Progyny Inc (b)
 
26,949
838,922
RadNet Inc (b)
 
26,088
1,663,893
Sonida Senior Living Inc (b)
 
11,329
457,238
Strata Critical Medical Inc (b)
 
7,603
38,166
Surgery Partners Inc (b)
 
28,468
438,407
Talkspace Inc Class A (b)
 
51,818
270,490
Tenet Healthcare Corp (b)
 
31,798
8,101,494
Universal Health Services Inc Class B
 
19,666
3,312,541
US Physical Therapy Inc
 
5,614
443,843
Viemed Healthcare Inc (b)
 
12,516
146,062
 
 
 
71,810,965
Health Care Technology - 0.2%
 
 
 
Certara Inc (b)(c)
 
43,156
349,564
Claritev Corp Class A (b)
 
2,921
66,336
Doximity Inc Class A (b)
 
49,219
1,029,170
Evolent Health Inc Class A (b)
 
41,472
128,148
GoodRx Holdings Inc Class A (b)
 
34,201
104,997
Health Catalyst Inc (b)
 
28,602
59,778
HealthStream Inc
 
8,695
243,808
HeartFlow Inc (b)
 
6,739
170,025
LifeMD Inc (b)(c)
 
14,815
51,853
OptimizeRx Corp (b)
 
5,847
35,374
Phreesia Inc (b)
 
21,189
227,358
Schrodinger Inc/United States (b)
 
20,882
316,153
Simulations Plus Inc (b)(c)
 
6,028
109,890
Teladoc Health Inc (b)(c)
 
66,554
446,577
Waystar Holding Corp (b)
 
42,455
896,225
 
 
 
4,235,256
Life Sciences Tools & Services - 1.5%
 
 
 
10X Genomics Inc Class A (b)
 
43,235
2,043,718
Adaptive Biotechnologies Corp (b)
 
45,424
1,025,220
Avantor Inc (b)
 
252,166
3,474,847
Azenta Inc (b)
 
15,106
424,932
Bio-Rad Laboratories Inc Class A (b)
 
6,648
2,163,791
Bio-Techne Corp
 
57,795
4,166,442
BioLife Solutions Inc (b)
 
14,645
458,096
Bruker Corp
 
41,100
2,582,724
Charles River Laboratories International Inc (b)
 
17,799
4,138,445
Codexis Inc (b)
 
28,166
39,432
CryoPort Inc (b)
 
18,591
280,538
Cytek Biosciences Inc (b)
 
41,972
177,122
Fortrea Holdings Inc (b)
 
34,787
666,867
Ginkgo Bioworks Holdings Inc Class A (b)(c)
 
17,687
143,088
Lifecore Biomedical Inc (b)
 
13,972
61,756
Maravai LifeSciences Holdings Inc Class A (b)
 
46,587
306,077
MaxCyte Inc (b)
 
38,185
40,094
Medpace Holdings Inc (b)
 
8,331
4,807,904
Mesa Laboratories Inc
 
2,040
205,652
Pacific Biosciences of California Inc (b)
 
112,506
157,508
Personalis Inc (b)
 
25,363
321,096
Quanterix Corp (b)
 
15,213
52,941
Quantum-Si Inc Class A (b)
 
62,401
44,454
Repligen Corp (b)
 
19,608
2,764,924
Revvity Inc
 
41,202
4,636,050
Sotera Health Co (b)
 
97,649
1,744,011
Standard BioTools Inc (b)
 
113,020
98,101
Tempus AI Inc Class A (b)(c)
 
37,931
1,664,033
 
 
 
38,689,863
Pharmaceuticals - 2.0%
 
 
 
Aclaris Therapeutics Inc (b)
 
45,972
239,054
Alumis Inc (b)
 
31,551
891,316
Amneal Intermediate Inc Class A (b)
 
63,492
1,163,173
Amphastar Pharmaceuticals Inc (b)
 
12,376
246,777
Amylyx Pharmaceuticals Inc (b)
 
31,251
634,708
ANI Pharmaceuticals Inc (b)
 
6,762
535,821
Aquestive Therapeutics Inc (b)(c)
 
34,048
125,807
Arvinas Inc (b)
 
24,093
193,467
AtaiBeckley Inc (b)
 
72,076
517,506
Atea Pharmaceuticals Inc (b)
 
27,358
128,583
Axsome Therapeutics Inc (b)
 
15,964
3,479,992
BioAge Labs Inc (b)
 
11,714
105,895
Collegium Pharmaceutical Inc (b)
 
12,048
426,379
Contineum Therapeutics Inc Class A (b)
 
9,486
146,938
Corcept Therapeutics Inc (b)
 
35,306
4,042,184
CorMedix Inc (b)(c)
 
27,093
204,010
Crinetics Pharmaceuticals Inc (b)
 
38,952
3,253,271
Definium Therapeutics Inc (b)
 
47,936
2,086,175
Edgewise Therapeutics Inc (b)
 
27,752
1,066,509
Elanco Animal Health Inc (b)
 
184,458
4,864,157
Enliven Therapeutics Inc (b)
 
20,060
1,099,489
Eton Pharmaceuticals Inc (b)
 
8,689
403,343
Evolus Inc (b)
 
24,374
142,344
EyePoint Inc (b)
 
29,226
358,019
Filana Therapeutics Inc (b)
 
16,078
16,238
Fulcrum Therapeutics Inc (b)
 
17,063
61,086
Harmony Biosciences Holdings Inc (b)
 
14,884
524,512
Harrow Inc (b)(c)
 
12,189
472,568
Indivior Pharmaceuticals Inc
 
44,883
1,795,769
Innoviva Inc (b)
 
25,975
544,696
Jazz Pharmaceuticals PLC (b)
 
23,145
5,852,445
LB Pharmaceuticals Inc
 
8,988
360,239
LENZ Therapeutics Inc (b)(c)
 
7,629
40,433
Lexicon Pharmaceuticals Inc (b)
 
83,048
191,841
Ligand Pharmaceuticals Inc (b)
 
7,383
2,122,908
Liquidia Corp (b)
 
25,943
2,182,066
Maze Therapeutics Inc (b)
 
10,336
278,245
MBX Biosciences Inc (b)
 
9,798
645,982
Nektar Therapeutics (b)
 
12,502
883,516
Neumora Therapeutics Inc (b)
 
36,809
59,262
Nuvation Bio Inc Class A (b)
 
89,529
566,719
Ocular Therapeutix Inc (b)
 
64,762
529,106
Omeros Corp (b)(c)
 
26,557
314,435
Organon & Co
 
96,655
1,309,675
Pacira BioSciences Inc (b)
 
14,557
384,450
Perrigo Co PLC
 
52,100
526,731
Phathom Pharmaceuticals Inc (b)(c)
 
18,760
164,150
Phibro Animal Health Corp Class A
 
7,792
283,083
Prestige Consumer Healthcare Inc (b)
 
17,505
879,101
Rapport Therapeutics Inc (b)
 
10,740
440,125
Septerna Inc (b)
 
8,390
289,036
SIGA Technologies Inc
 
15,395
50,342
Supernus Pharmaceuticals Inc (b)
 
21,616
964,722
Tarsus Pharmaceuticals Inc (b)
 
14,592
861,512
Theravance Biopharma Inc (b)
 
14,061
237,068
Third Harmonic Bio Inc (b)(d)
 
6,611
0
Trevi Therapeutics Inc (b)
 
43,487
793,638
WaVe Life Sciences Ltd (b)
 
55,823
307,585
Xeris Biopharma Holdings Inc (b)
 
63,358
511,933
Zevra Therapeutics Inc (b)
 
21,511
204,570
 
 
 
52,004,704
TOTAL HEALTH CARE
 
 
389,192,794
Industrials - 17.9%
 
 
 
Aerospace & Defense - 1.5%
 
 
 
AAR Corp (b)
 
14,456
2,024,418
AeroVironment Inc (b)(c)
 
11,884
1,775,113
AerSale Corp (b)
 
10,955
67,921
AIRO Group Holdings Inc (b)(c)
 
3,516
23,697
Archer Aviation Inc Class A (b)(c)
 
236,503
1,097,374
Astronics Corp (b)
 
14,268
991,483
BWX Technologies Inc
 
33,795
5,701,217
Byrna Technologies Inc (b)
 
6,250
28,438
Cadre Holdings Inc
 
11,279
347,732
Ducommun Inc (b)
 
5,116
915,866
Eve Holding Inc Class A (b)(c)
 
35,332
81,970
Hexcel Corp
 
27,821
2,864,172
Huntington Ingalls Industries Inc
 
14,559
4,752,786
Innovative Solutions And Support Inc (b)
 
4,625
84,591
Intuitive Machines Inc Class A (b)(c)
 
46,497
573,773
Karman Holdings Inc (b)
 
33,804
1,627,663
Kratos Defense & Security Solutions Inc (b)
 
69,308
3,229,753
Leonardo DRS Inc
 
28,540
1,314,267
Loar Holdings Inc (b)(c)
 
13,144
899,707
Mercury Systems Inc (b)
 
19,490
1,892,479
Moog Inc Class A
 
10,504
4,094,984
National Presto Industries Inc
 
1,954
237,255
Park Aerospace Corp
 
6,678
226,384
Red Cat Holdings Inc (b)(c)
 
48,326
363,895
Redwire Corp Class A (b)(c)
 
40,735
351,136
StandardAero Inc (b)
 
69,784
2,045,369
V2X Inc (b)
 
7,524
678,966
Virgin Galactic Holdings Inc Class A (b)(c)
 
36,868
94,013
Voyager Technologies Inc Class A (b)(c)
 
4,965
121,791
VSE Corp
 
10,343
2,010,576
 
 
 
40,518,789
Air Freight & Logistics - 0.1%
 
 
 
Forward Air Corp Class Common Stock (b)
 
8,219
115,477
GXO Logistics Inc (b)
 
42,447
2,129,142
Hub Group Inc Class A
 
22,461
1,045,110
 
 
 
3,289,729
Building Products - 2.0%
 
 
 
A O Smith Corp
 
41,356
2,486,736
AAON Inc
 
25,122
2,237,365
Advanced Drainage Systems Inc
 
26,443
3,661,827
Allegion plc
 
31,692
4,988,321
Apogee Enterprises Inc
 
7,965
315,414
Armstrong World Industries Inc
 
15,743
2,749,672
AZZ Inc
 
11,030
1,596,262
Builders FirstSource Inc (b)
 
39,740
2,640,326
CSW Industrials Inc
 
6,066
1,934,629
Fortune Brands Innovations Inc
 
44,050
2,169,903
Gibraltar Industries Inc (b)
 
10,975
463,804
Griffon Corp
 
14,134
1,217,927
Hayward Holdings Inc (b)
 
73,290
1,108,878
Insteel Industries Inc
 
7,205
220,832
Janus International Group Inc (b)
 
49,846
255,710
JELD-WEN Holding Inc (b)
 
29,748
42,241
Louisiana-Pacific Corp
 
23,450
1,698,484
Masterbrand Inc (b)
 
74,885
617,801
Modine Manufacturing Co (b)
 
19,450
3,910,617
Owens Corning
 
29,765
4,134,359
Quanex Building Products Corp
 
16,870
300,961
Resideo Technologies Inc (b)
 
51,317
1,760,173
Simpson Manufacturing Co Inc
 
15,184
2,850,644
Tecnoglass Holdings Inc
 
9,184
398,953
Trex Co Inc (b)
 
38,285
1,660,038
UFP Industries Inc
 
20,842
1,807,835
Zurn Elkay Water Solutions Corp
 
54,753
2,765,574
 
 
 
49,995,286
Commercial Services & Supplies - 1.3%
 
 
 
ABM Industries Inc
 
21,603
1,035,000
ACCO Brands Corp
 
35,976
151,819
ACV Auctions Inc Class A (b)
 
64,206
480,903
Brady Corp Class A
 
16,108
1,518,501
BrightView Holdings Inc (b)
 
25,465
332,064
Brink's Co/The
 
15,180
1,798,071
Casella Waste Systems Inc Class A (b)
 
23,091
2,071,494
Clean Harbors Inc (b)
 
18,314
5,730,084
CoreCivic Inc (b)
 
36,333
1,086,357
Deluxe Corp
 
16,858
436,116
Ennis Inc
 
9,355
203,939
GEO Group Inc/The (b)
 
48,441
1,496,342
Healthcare Services Group Inc (b)
 
25,404
591,913
HNI Corp
 
25,754
1,159,188
Interface Inc
 
21,464
735,357
Liquidity Services Inc (b)
 
8,908
347,234
MillerKnoll Inc
 
25,437
572,841
MSA Safety Inc
 
13,401
2,549,808
Onterris Inc (b)
 
12,527
262,942
OPENLANE Inc (b)
 
39,125
1,555,610
Perma-Fix Environmental Services Inc (b)(c)
 
6,463
107,285
Pitney Bowes Inc
 
46,038
807,046
Quad/Graphics Inc Class A
 
11,755
122,134
Rollins Inc
 
108,375
4,114,999
Tetra Tech Inc
 
95,816
3,177,259
UniFirst Corp/MA
 
5,367
1,572,424
Vestis Corp (b)
 
41,464
599,569
 
 
 
34,616,299
Construction & Engineering - 2.0%
 
 
 
AECOM
 
47,447
3,434,688
Ameresco Inc Class A (b)
 
11,155
235,036
API Group Corp (b)
 
142,293
5,646,186
Arcosa Inc
 
18,093
2,627,104
Argan Inc
 
5,150
2,937,715
Bowman Consulting Group Ltd (b)
 
5,375
144,319
Centuri Holdings Inc (b)
 
31,308
871,615
Construction Partners Inc Class A (b)
 
17,682
1,827,435
Dycom Industries Inc (b)
 
11,085
4,445,861
Everus Construction Group Inc (b)
 
18,879
2,367,993
Fluor Corp (b)
 
51,604
2,588,973
Granite Construction Inc
 
16,144
1,952,940
IES Holdings Inc (b)
 
3,241
2,413,054
Legence Corp Class A
 
19,596
1,252,772
Limbach Holdings Inc (b)
 
4,202
301,283
Matrix Service Co (b)
 
10,428
120,964
MYR Group Inc (b)
 
5,762
1,920,014
NWPX Infrastructure Inc (b)
 
3,552
437,180
Orion Group Holdings Inc (b)
 
14,170
138,583
Primoris Services Corp
 
20,002
1,688,369
Sterling Infrastructure Inc (b)
 
11,337
6,765,581
Terrestrial Energy Inc Class A (b)(c)
 
19,803
97,232
Tutor Perini Corp
 
16,280
1,363,450
Valmont Industries Inc
 
7,170
3,453,789
WillScot Holdings Corp
 
66,704
1,619,573
 
 
 
50,651,709
Electrical Equipment - 1.7%
 
 
 
Acuity Inc
 
11,118
3,651,040
Allient Inc
 
5,522
482,954
American Superconductor Corp (b)
 
17,601
516,941
Amprius Technologies Inc (b)
 
52,435
503,376
Array Technologies Inc (b)(c)
 
56,854
296,778
Atkore Inc
 
12,505
912,365
Babcock & Wilcox Enterprises Inc (b)
 
43,223
402,838
Blink Charging Co (b)
 
49,620
25,653
ChargePoint Holdings Inc Class A (b)(c)
 
7,579
41,381
Energy Vault Holdings Inc Class A (b)(c)
 
43,989
125,369
EnerSys
 
13,618
2,533,629
Enovix Corp Class B (b)(c)
 
71,017
290,460
Eos Energy Enterprises Inc (b)(c)
 
124,373
420,381
Fluence Energy Inc Class A (b)(c)
 
31,238
435,145
FuelCell Energy Inc (b)
 
19,533
422,108
Generac Holdings Inc (b)
 
21,714
4,280,047
GrafTech International Ltd (b)
 
7,100
47,712
Hyliion Holdings Corp Class A (b)
 
47,248
168,203
KULR Technology Group Inc (b)(c)
 
14,832
39,305
LSI Industries Inc
 
13,639
319,016
NANO Nuclear Energy Inc (b)(c)
 
14,395
229,024
NeoVolta Inc (b)(c)
 
13,694
28,894
Nextpower Inc Class A (b)
 
54,827
4,927,302
NuScale Power Corp Class A (b)(c)
 
78,707
662,713
nVent Electric PLC
 
59,733
9,188,727
Plug Power Inc (b)(c)
 
512,642
1,056,043
Powell Industries Inc
 
10,507
2,192,601
Power Solutions International Inc (b)
 
2,495
68,887
Preformed Line Products Co
 
959
342,344
Regal Rexnord Corp
 
24,581
5,044,759
Sensata Technologies Holding PLC
 
53,694
2,485,495
SES AI Corp Class A (b)
 
93,331
51,369
Shoals Technologies Group Inc (b)
 
61,744
539,643
Sunrun Inc (b)
 
87,886
862,162
Vicor Corp (b)
 
8,629
1,789,396
 
 
 
45,384,060
Ground Transportation - 0.9%
 
 
 
ArcBest Corp
 
8,208
1,184,825
Avis Budget Group Inc (b)(c)
 
6,264
860,924
Covenant Logistics Group Inc Class A
 
5,591
198,592
Ftai Infrastructure Inc
 
43,842
163,530
Heartland Express Inc
 
16,964
207,470
Hertz Global Holdings Inc (b)(c)
 
44,312
70,234
Knight-Swift Transportation Holdings Inc
 
59,915
4,165,890
Landstar System Inc
 
12,544
2,192,315
Lyft Inc Class A (b)
 
140,207
2,223,683
Marten Transport Ltd
 
21,467
317,497
Proficient Auto Logistics Inc (b)
 
8,403
57,476
RXO Inc (b)
 
60,923
1,233,691
Ryder System Inc
 
14,283
3,662,447
Saia Inc (b)
 
9,855
3,425,894
Schneider National Inc Class B
 
18,427
658,581
U-Haul Holding Co (b)(c)
 
4,031
285,838
U-Haul Holding Co Class N
 
36,042
2,255,509
Werner Enterprises Inc
 
22,248
832,520
 
 
 
23,996,916
Machinery - 4.8%
 
 
 
3D Systems Corp (b)(c)
 
54,088
142,792
AGCO Corp
 
22,209
2,268,871
AirJoule Technologies Corp Class A (b)(c)
 
11,337
47,956
Alamo Group Inc
 
4,006
637,274
Albany International Corp Class A
 
10,547
785,857
Alliance Laundry Holdings Inc
 
13,780
363,379
Allison Transmission Holdings Inc
 
30,599
3,504,809
Astec Industries Inc
 
8,541
432,687
Atmus Filtration Technologies Inc
 
30,076
1,552,824
Blue Bird Corp (b)
 
11,710
871,107
CECO Environmental Corp (b)
 
19,550
1,288,150
CNH Industrial NV Class A
 
324,921
3,330,440
Columbus McKinnon Corp/NY
 
11,080
212,404
Crane Co
 
18,108
3,865,334
Donaldson Co Inc
 
42,769
4,030,551
Douglas Dynamics Inc
 
8,578
378,547
Energy Recovery Inc (b)
 
18,866
163,191
Enerpac Tool Group Corp Class A
 
19,042
680,561
Enpro Inc
 
7,811
2,452,029
Esab Corp (c)
 
21,088
1,824,745
ESCO Technologies Inc
 
9,558
3,013,542
Federal Signal Corp
 
22,539
2,816,248
Flowserve Corp
 
47,227
3,588,780
Franklin Electric Co Inc
 
14,014
1,467,546
FreightCar America Inc (b)
 
4,987
39,746
Gates Industrial Corp Ltd
 
93,579
2,618,340
Gorman-Rupp Co/The
 
7,724
627,112
Graco Inc
 
61,218
4,859,485
Graham Corp (b)
 
4,043
387,724
Greenbrier Cos Inc/The
 
11,416
562,238
Helios Technologies Inc
 
12,196
950,190
Hillman Solutions Corp (b)
 
72,403
569,812
Hyster-Yale Inc Class A
 
4,535
151,605
ITT Inc
 
33,000
6,467,341
JBT Marel Corp
 
19,232
2,663,055
Kadant Inc
 
4,354
1,338,855
Kennametal Inc
 
28,118
955,168
Lincoln Electric Holdings Inc
 
20,233
5,287,085
Lindsay Corp
 
3,844
425,992
Manitowoc Co Inc/The (b)
 
13,206
182,903
Mayville Engineering Co Inc (b)
 
5,424
139,234
Microvast Holdings Inc (b)(c)
 
71,142
57,419
Middleby Corp/The (b)
 
15,349
2,050,319
Miller Industries Inc/TN
 
4,168
209,650
Mueller Industries Inc
 
81,671
5,423,771
Mueller Water Products Inc Class A1
 
57,576
1,453,218
Nordson Corp
 
19,553
5,822,492
Oshkosh Corp
 
23,037
3,280,699
Palladyne AI Corp Class A (b)(c)
 
13,373
69,941
Pentair PLC
 
59,656
3,903,889
Perma-Pipe International Holdings Inc (b)
 
3,234
78,101
Proto Labs Inc (b)
 
8,819
661,866
RBC Bearings Inc (b)
 
11,639
6,416,697
Richtech Robotics Inc Class B (b)(c)
 
56,425
80,124
SPX Technologies Inc (b)
 
18,491
4,060,993
Standex International Corp
 
4,463
1,323,280
Stanley Black & Decker Inc
 
57,406
5,429,459
Symbotic Inc Class A (b)(c)
 
22,069
950,070
Taylor Devices Inc (b)
 
1,191
61,134
Tennant CO
 
6,305
529,809
Terex Corp
 
42,176
2,650,340
Timken Co/The
 
23,352
3,212,068
Titan International Inc (b)
 
18,326
132,314
Toro Co/The
 
35,742
3,283,618
Trinity Industries Inc
 
29,275
914,551
Velo3D Inc Class A (b)(c)
 
6,454
65,379
Wabash National Corp
 
15,132
190,058
Watts Water Technologies Inc Class A
 
10,143
3,507,348
Worthington Enterprises Inc
 
11,535
648,382
 
 
 
124,412,498
Marine Transportation - 0.2%
 
 
 
Genco Shipping & Trading Ltd
 
14,222
363,230
Kirby Corp (b)
 
19,713
2,585,163
Matson Inc
 
11,158
2,260,499
Pangaea Logistics Solutions Ltd
 
13,152
100,087
 
 
 
5,308,979
Passenger Airlines - 0.4%
 
 
 
Alaska Air Group Inc (b)(c)
 
41,234
1,956,553
Allegiant Travel Co (b)
 
8,245
808,670
American Airlines Group Inc (b)
 
244,219
3,729,225
Frontier Group Holdings Inc (b)
 
20,905
141,109
JetBlue Airways Corp (b)
 
109,678
661,358
Joby Aviation Inc Class A (b)(c)
 
90,749
648,855
SkyWest Inc (b)
 
14,630
1,564,971
 
 
 
9,510,741
Professional Services - 1.7%
 
 
 
Alight Inc Class A
 
8,694
147,624
Amentum Holdings Inc (b)
 
56,652
1,257,674
Barrett Business Services Inc
 
9,082
354,561
BlackSky Technology Inc Class A (b)(c)
 
11,619
267,818
Booz Allen Hamilton Holding Corp Class A
 
44,536
3,105,050
CACI International Inc (b)
 
8,151
4,057,160
Cbiz Inc (b)
 
17,679
973,759
Clarivate PLC (b)(c)
 
158,620
314,068
Concentrix Corp (c)
 
16,053
394,904
Conduent Inc (b)
 
58,520
91,876
CRA International Inc
 
2,398
429,314
ExlService Holdings Inc (b)
 
56,184
1,906,323
Exponent Inc
 
17,890
1,195,947
First Advantage Corp (b)(c)
 
29,125
577,840
Franklin Covey Co (b)(c)
 
3,409
73,123
FTI Consulting Inc (b)
 
10,888
1,735,329
Genpact Ltd
 
58,234
2,048,090
Huron Consulting Group Inc (b)
 
5,602
850,216
ICF International Inc
 
6,695
541,759
Innodata Inc (b)
 
12,081
759,049
Insperity Inc
 
13,435
679,945
KBR Inc
 
46,691
1,709,358
Kelly Services Inc Class A
 
11,238
166,772
Kforce Inc
 
5,866
333,013
Korn Ferry
 
19,137
1,574,401
Legalzoom.com Inc (b)
 
41,369
325,574
ManpowerGroup Inc
 
17,233
903,354
Maximus Inc
 
19,372
1,167,163
Mistras Group Inc (b)
 
6,818
103,702
Parsons Corp (b)
 
19,691
870,539
Paycom Software Inc
 
15,308
2,509,900
Paylocity Holding Corp (b)
 
16,007
2,207,285
Planet Labs PBC Class A (b)(c)
 
108,211
2,216,161
Resolute Holdings Management Inc (b)(c)
 
1,314
162,621
Resources Connection Inc
 
11,648
50,902
Robert Half Inc (c)
 
37,133
1,403,627
Science Applications International Corp
 
15,902
1,862,601
Spire Global Inc Class A (b)(c)
 
13,056
149,622
TIC Solutions Inc (b)
 
66,374
485,194
TriNet Group Inc
 
10,534
693,453
TrueBlue Inc (b)
 
11,249
79,643
UL Solutions Inc Class A (c)
 
28,736
2,633,367
Upwork Inc (b)(c)
 
45,805
419,574
Verra Mobility Corp Class A (b)
 
57,523
304,297
Willdan Group Inc (b)
 
5,278
361,701
 
 
 
44,455,253
Trading Companies & Distributors - 1.3%
 
 
 
Alta Equipment Group Inc Class A (b)
 
6,749
44,408
Applied Industrial Technologies Inc
 
13,646
4,710,737
BlueLinx Holdings Inc (b)
 
2,927
158,702
Boise Cascade Co
 
13,016
994,162
Core & Main Inc Class A (b)
 
69,501
3,055,959
Custom Truck One Source Inc Class A (b)
 
22,283
226,172
DNOW Inc (b)
 
67,338
950,813
DXP Enterprises Inc/TX (b)
 
4,636
727,945
GATX Corp
 
13,076
2,338,904
Global Industrial Co
 
5,274
188,493
Herc Holdings Inc
 
11,324
1,700,185
Hudson Technologies Inc (b)
 
13,306
80,368
Karat Packaging Inc
 
3,200
128,768
McGrath RentCorp
 
9,033
1,040,150
MSC Industrial Direct Co Inc Class A
 
16,918
2,087,681
NPK International Inc (b)
 
31,224
389,988
QXO Inc (b)(c)
 
306,398
4,075,093
Rush Enterprises Inc Class A
 
22,635
1,806,047
Rush Enterprises Inc Class B
 
3,008
233,811
SiteOne Landscape Supply Inc (b)
 
16,319
1,541,166
Titan Machinery Inc (b)
 
7,211
122,515
Transcat Inc (b)
 
3,441
293,758
Wesco International Inc
 
17,973
6,173,547
Willis Lease Finance Corp
 
3,492
249,084
Xometry Inc Class A (b)
 
17,671
1,514,758
 
 
 
34,833,214
TOTAL INDUSTRIALS
 
 
466,973,473
Information Technology - 14.3%
 
 
 
Communications Equipment - 0.6%
 
 
 
ADTRAN Holdings Inc (b)
 
27,251
231,906
Applied Optoelectronics Inc (b)
 
27,855
2,627,284
Aviat Networks Inc (b)
 
4,333
88,740
BK Technologies Corp (b)
 
1,382
110,560
Calix Inc (b)
 
21,432
769,409
Clearfield Inc (b)
 
4,238
128,242
Digi International Inc (b)
 
13,924
970,781
Extreme Networks Inc (b)
 
48,112
1,450,096
Harmonic Inc (b)
 
40,129
463,490
Lantronix Inc (b)
 
13,847
74,496
Netgear Inc (b)
 
9,889
238,918
NetScout Systems Inc (b)
 
24,952
1,014,798
Ondas Inc (b)(c)
 
182,887
1,369,824
Ribbon Communications Inc (b)
 
33,780
72,288
Viasat Inc (b)
 
50,101
3,854,270
Viavi Solutions Inc (b)
 
86,284
3,188,194
Vistance Networks Inc
 
83,197
976,733
 
 
 
17,630,029
Electronic Equipment, Instruments & Components - 2.8%
 
 
 
908 Devices Inc (b)
 
10,891
87,237
Advanced Energy Industries Inc
 
14,033
4,062,834
Aeva Technologies Inc (b)(c)
 
10,693
187,555
Arlo Technologies Inc (b)
 
39,849
586,577
Arrow Electronics Inc (b)
 
18,877
4,088,192
Avnet Inc
 
30,308
2,692,563
Badger Meter Inc (c)
 
10,747
1,443,859
Bel Fuse Inc Class A
 
616
137,448
Bel Fuse Inc Class B
 
4,456
1,211,898
Belden Inc
 
14,342
1,779,125
Benchmark Electronics Inc
 
13,321
1,062,616
Climb Global Solutions Inc
 
6,131
164,372
Cognex Corp
 
61,499
4,012,195
Crane NXT Co
 
18,210
946,010
CTS Corp
 
10,571
677,813
Daktronics Inc (b)
 
15,230
301,097
ePlus Inc
 
9,672
893,790
Evolv Technologies Holdings Inc Class A (b)
 
53,064
293,444
Frequency Electronics Inc (b)(c)
 
2,549
147,766
Insight Enterprises Inc (b)
 
11,163
1,439,246
IPG Photonics Corp (b)
 
9,396
799,224
Itron Inc (b)
 
16,379
1,632,331
Kimball Electronics Inc (b)
 
9,040
223,559
Knowles Corp (b)
 
31,544
1,154,195
LightPath Technologies Inc Class A (b)(c)
 
20,684
214,493
Lightwave Logic Inc (b)(c)
 
55,322
357,380
Littelfuse Inc
 
9,330
4,125,073
M-Tron Industries Inc (b)
 
1,394
114,838
Methode Electronics Inc
 
13,275
185,717
MicroVision Inc (b)(c)
 
116,078
30,877
Mirion Technologies Inc Class A (b)
 
90,445
1,354,866
Napco Security Technologies Inc
 
13,143
487,342
nLight Inc (b)
 
20,888
1,437,094
Novanta Inc (b)(c)
 
13,119
1,870,113
OSI Systems Inc (b)
 
5,724
1,267,236
Ouster Inc Class A (b)(c)
 
23,417
913,497
PC Connection Inc
 
4,144
346,936
Plexus Corp (b)
 
9,888
2,485,250
Powerfleet Inc NJ (b)(c)
 
43,875
171,990
Ralliant Corp
 
41,348
2,702,919
Rogers Corp (b)
 
6,127
756,501
Sanmina Corp (b)
 
19,773
3,669,078
ScanSource Inc (b)
 
6,909
391,188
SmartRent Inc Class A (b)
 
71,684
72,401
TD SYNNEX Corp
 
27,596
7,056,297
TTM Technologies Inc (b)
 
38,312
4,422,737
Vishay Intertechnology Inc
 
45,834
1,568,439
Vishay Precision Group Inc (b)
 
4,566
420,300
Vontier Corp
 
51,770
1,663,370
Vuzix Corp (b)
 
25,638
59,737
Zebra Technologies Corp Class A (b)
 
17,582
5,165,943
 
 
 
73,336,558
IT Services - 0.9%
 
 
 
Amdocs Ltd
 
39,724
2,213,421
Applied Digital Corp (b)(c)
 
93,957
2,573,482
Backblaze Inc Class A (b)
 
21,943
301,058
BigBear.ai Holdings Inc (b)(c)
 
175,800
490,482
Commerce.com Inc (b)
 
28,889
90,423
DigitalOcean Holdings Inc (b)
 
30,018
3,527,115
DXC Technology Co (b)
 
60,054
675,007
EPAM Systems Inc (b)
 
19,297
2,036,991
Everforth Inc (b)
 
15,150
430,866
Fastly Inc Class A (b)
 
54,377
1,232,183
Gartner Inc (b)
 
24,703
3,730,647
GoDaddy Inc Class A (b)
 
48,835
4,040,609
Grid Dynamics Holdings Inc (b)
 
23,647
162,928
Hackett Group Inc/The
 
8,294
88,912
Information Services Group Inc
 
13,682
56,917
Kyndryl Holdings Inc (b)
 
83,208
1,127,468
Rackspace Technology Inc (b)(c)
 
37,840
156,279
TSS Inc/MD (b)(c)
 
8,569
85,004
Unisys Corp (b)
 
26,184
75,148
Whitefiber Inc (b)(c)
 
3,707
87,856
 
 
 
23,182,796
Semiconductors & Semiconductor Equipment - 3.6%
 
 
 
Aehr Test Systems (b)
 
10,904
872,102
Aeluma Inc (b)(c)
 
4,392
71,150
Alpha & Omega Semiconductor Ltd (b)
 
9,074
288,009
Ambarella Inc (b)
 
15,343
1,319,498
Ambiq Micro Inc (b)
 
3,340
212,391
Amkor Technology Inc
 
42,186
2,103,816
Astera Labs Inc (b)
 
49,356
15,361,068
Atomera Inc (b)(c)
 
14,379
74,196
Axcelis Technologies Inc (b)
 
11,335
1,477,857
AXT Inc (b)
 
22,089
1,334,838
Blaize Holdings Inc Class A (b)(c)
 
29,452
23,275
Cerebras Systems Inc Class A (b)
 
12,736
2,530,771
CEVA Inc (b)
 
10,216
333,552
Cirrus Logic Inc (b)
 
18,834
2,436,178
Cohu Inc (b)
 
17,397
834,882
Diodes Inc (b)
 
16,955
1,395,736
Enphase Energy Inc (b)
 
48,630
1,825,570
Everspin Technologies Inc (b)
 
7,157
103,991
FormFactor Inc (b)
 
28,814
3,060,047
GlobalFoundries Inc
 
38,460
1,922,615
GSI Technology Inc (b)(c)
 
11,467
64,330
Ichor Holdings Ltd (b)
 
12,792
962,854
Impinj Inc (b)
 
10,004
1,514,205
Kopin Corp (b)(c)
 
65,339
229,993
Lattice Semiconductor Corp (b)
 
50,621
6,290,672
MaxLinear Inc (b)
 
31,098
2,077,968
MKS Inc
 
24,949
7,421,080
Navitas Semiconductor Corp Class A (b)
 
74,293
806,822
NVE Corp
 
1,827
212,425
Onto Innovation Inc (b)
 
18,356
4,746,494
PDF Solutions Inc (b)
 
13,884
639,914
Penguin Solutions Inc (b)
 
16,991
894,236
Photronics Inc (b)
 
21,829
661,200
Power Integrations Inc
 
20,550
1,247,591
Qorvo Inc (b)
 
29,555
2,676,796
QuickLogic Corp (b)
 
5,837
76,523
Rambus Inc (b)
 
39,893
3,631,460
Rigetti Computing Inc Class A (b)(c)
 
122,702
1,834,395
Semtech Corp (b)
 
34,352
4,047,353
Silicon Laboratories Inc (b)
 
12,145
2,641,538
SiTime Corp (b)
 
8,180
4,377,936
SkyWater Technology Inc (b)
 
10,454
342,825
Skyworks Solutions Inc (c)
 
55,565
3,460,588
SolarEdge Technologies Inc (b)(c)
 
22,365
921,438
Synaptics Inc (b)
 
14,243
1,528,559
Ultra Clean Holdings Inc (b)
 
16,528
1,376,948
Universal Display Corp
 
16,093
1,290,015
Veeco Instruments Inc (b)
 
22,562
1,128,100
Wolfspeed Inc (c)
 
11,116
262,560
 
 
 
94,948,360
Software - 5.5%
 
 
 
8x8 Inc (b)
 
51,678
98,188
A10 Networks Inc
 
26,596
786,444
ACI Worldwide Inc (b)
 
37,600
2,155,608
Adeia Inc
 
40,842
1,088,439
Agilysys Inc (b)
 
9,386
987,032
Alarm.com Holdings Inc (b)
 
18,284
1,001,049
Alkami Technology Inc (b)(c)
 
29,599
537,814
Amplitude Inc Class A (b)
 
34,791
308,944
Appfolio Inc Class A (b)
 
8,859
1,596,303
Appian Corp Class A (b)
 
14,785
398,604
Arteris Inc (b)
 
12,236
365,612
Asana Inc Class A (b)(c)
 
35,492
295,293
Atlassian Corp Class A (b)
 
58,951
5,954,935
Aurora Innovation Inc Class A (b)(c)
 
464,691
2,997,257
AvePoint Inc Class A (b)
 
51,079
665,559
Bentley Systems Inc Class B
 
55,002
1,949,271
BILL Holdings Inc (b)
 
32,728
1,477,015
Bit Digital Inc (b)(c)
 
122,559
160,552
BitMine Immersion Technologies Inc (c)
 
210,472
3,636,956
Blackbaud Inc (b)
 
13,059
558,925
BlackLine Inc (b)
 
18,133
569,376
Blend Labs Inc Class A (b)
 
77,135
137,300
Box Inc Class A (b)
 
50,905
1,606,053
Braze Inc Class A (b)
 
36,354
905,942
C3.ai Inc Class A (b)(c)
 
47,671
437,620
Ccc Intelligent Solutions Holdings Inc Class A (b)
 
196,895
1,199,091
Cerence Inc (b)
 
16,763
142,821
Cipher Digital Inc (b)(c)
 
111,827
2,495,979
Circle Internet Group Inc Class A (b)(c)
 
21,214
1,328,209
Cleanspark Inc (b)(c)
 
94,486
1,300,127
Clear Secure Inc Class A
 
33,848
1,869,764
Commvault Systems Inc (b)
 
15,217
1,792,563
Consensus Cloud Solutions Inc (b)
 
6,796
247,374
Core Scientific Inc (b)
 
117,439
2,433,336
CS Disco Inc (b)
 
10,468
40,824
Daily Journal Corp (b)(c)
 
340
199,614
Digimarc Corp (c)
 
5,798
38,034
Digital Turbine Inc (b)
 
40,111
323,295
Docusign Inc (b)
 
71,639
3,927,966
Dolby Laboratories Inc Class A
 
22,296
1,311,228
Domo Inc Class B (b)(c)
 
14,438
53,276
Dropbox Inc Class A (b)
 
55,195
1,797,149
Dynatrace Inc (b)
 
108,656
4,815,634
eGain Corp (b)
 
6,285
42,864
Elastic NV (b)
 
33,609
2,211,136
Five9 Inc (b)
 
28,318
779,028
Freshworks Inc Class A (b)
 
78,067
886,451
Gen Digital Inc
 
203,591
5,588,573
Gitlab Inc Class A (b)
 
53,605
1,849,909
Guidewire Software Inc (b)
 
31,223
4,744,023
Hut 8 Corp (United States) (b)
 
36,972
3,979,296
I3 Verticals Inc Class A (b)(c)
 
6,201
130,593
Intapp Inc (b)
 
19,651
642,391
InterDigital Inc
 
9,548
2,910,469
Klaviyo Inc Class A (b)
 
52,048
928,536
Life360 Inc (b)(c)
 
29,892
1,615,663
LiveRamp Holdings Inc (b)
 
23,292
882,068
Manhattan Associates Inc (b)
 
21,888
4,188,488
MARA Holdings Inc (b)(c)
 
140,393
1,589,249
Mitek Systems Inc (b)
 
16,762
279,925
N-able Inc/US (b)(c)
 
27,841
130,296
nCino Inc (b)(c)
 
36,608
675,784
NCR Voyix Corp (b)(c)
 
50,821
420,290
Netskope Inc Class A (b)(c)
 
69,062
869,491
NextNav Inc Class A (b)
 
33,024
432,945
Nutanix Inc Class A (b)
 
97,922
5,778,377
OneSpan Inc
 
14,116
218,516
Ooma Inc (b)
 
9,525
207,169
PagerDuty Inc (b)
 
28,365
300,102
PAR Technology Corp (b)(c)
 
14,985
253,996
Pegasystems Inc
 
33,266
1,016,276
Pivotal Software Inc rights (b)(d)
 
5,101
0
Porch Group Inc (b)(c)
 
37,916
547,886
Procore Technologies Inc (b)
 
42,808
2,344,594
Progress Software Corp (b)
 
15,555
631,377
Q2 Holdings Inc (b)
 
23,083
1,405,062
Qualys Inc (b)
 
13,000
1,881,750
Rapid7 Inc (b)
 
21,730
209,695
Red Violet Inc (b)
 
4,875
338,228
Rekor Systems Inc (b)(c)
 
43,821
27,335
RingCentral Inc Class A
 
27,301
1,518,482
Riot Platforms Inc (b)
 
119,217
2,404,607
Rubrik Inc Class A (b)
 
59,364
4,295,579
Samsara Inc Class A (b)
 
136,847
5,100,288
SentinelOne Inc Class A (b)
 
123,363
2,351,299
ServiceTitan Inc Class A (b)
 
21,651
1,798,332
SoundHound AI Inc Class A (b)(c)
 
147,044
901,380
Sprinklr Inc Class A (b)
 
42,198
268,379
Sprout Social Inc Class A (b)
 
19,632
168,443
SPS Commerce Inc (b)
 
13,572
996,049
Telos Corp (b)
 
21,092
93,648
Tenable Holdings Inc (b)
 
40,632
1,326,228
Teradata Corp (b)(c)
 
34,648
1,073,742
Terawulf Inc (b)(c)
 
148,258
2,618,236
Thryv Holdings Inc (b)
 
15,402
62,378
UiPath Inc Class A (b)(c)
 
157,568
2,010,568
Unity Software Inc (b)
 
128,835
4,085,358
Varonis Systems Inc (b)
 
42,307
1,690,165
Veritone Inc (b)(c)
 
37,632
41,019
Vertex Inc Class A (b)
 
27,095
349,796
Viant Technology Inc Class A (b)
 
7,268
85,544
Weave Communications Inc (b)
 
24,852
162,532
Workiva Inc Class A (b)
 
19,293
1,153,721
Xperi Inc (b)
 
17,929
138,233
Yext Inc (b)(c)
 
31,701
173,087
Zeta Global Holdings Corp Class A (b)(c)
 
75,683
1,634,753
 
 
 
143,432,052
Technology Hardware, Storage & Peripherals - 0.9%
 
 
 
Corsair Gaming Inc (b)(c)
 
17,679
187,574
Diebold Nixdorf Inc (b)
 
12,748
938,125
Eastman Kodak Co (b)
 
26,326
221,138
Everpure Inc Class A (b)
 
116,537
8,993,161
GPGI Inc Class A
 
66,080
872,256
Immersion Corp
 
10,435
78,889
IonQ Inc (b)(c)
 
137,671
5,016,731
One Stop Systems Inc (b)
 
8,147
99,638
Quantum Computing Inc (b)(c)
 
71,201
576,728
Super Micro Computer Inc (b)(c)
 
207,765
5,900,526
Turtle Beach Corp (b)(c)
 
5,421
66,407
Xerox Holdings Corp (c)
 
45,065
132,942
Xerox Holdings Corp warrants 2/14/2028 (b)
 
215
65
 
 
 
23,084,180
TOTAL INFORMATION TECHNOLOGY
 
 
375,613,975
Materials - 3.4%
 
 
 
Chemicals - 1.7%
 
 
 
AdvanSix Inc
 
9,886
198,313
Alto Ingredients Inc (b)(c)
 
28,301
134,713
Arq Inc (b)
 
11,157
21,979
Ashland Inc
 
16,904
1,227,399
ASP Isotopes Inc (b)(c)
 
40,695
162,780
Aspen Aerogels Inc (b)
 
25,704
119,010
Avient Corp
 
33,930
1,232,338
Axalta Coating Systems Ltd (b)
 
78,950
2,827,200
Balchem Corp
 
11,831
1,982,343
Cabot Corp
 
19,117
1,682,678
Celanese Corp
 
40,364
1,805,078
Chemours Co/The
 
55,681
924,861
Eastman Chemical Co
 
42,267
2,956,577
Ecovyst Inc (b)
 
40,286
485,849
Element Solutions Inc
 
84,693
3,110,774
Flotek Industries Inc (b)(c)
 
5,194
122,267
FMC Corp
 
46,017
492,842
Hawkins Inc
 
7,686
984,039
HB Fuller Co
 
20,190
1,116,507
Huntsman Corp
 
61,286
598,151
Ingevity Corp (b)
 
12,768
933,468
Innospec Inc
 
9,161
787,663
Intrepid Potash Inc (b)
 
3,830
130,067
Koppers Holdings Inc
 
7,107
348,385
Kronos Worldwide Inc
 
8,190
49,304
LSB Industries Inc (b)
 
19,909
216,610
Mativ Holdings Inc
 
20,647
180,248
Minerals Technologies Inc
 
11,454
873,253
Mosaic Co/The
 
117,460
2,598,215
NewMarket Corp
 
2,815
2,393,200
Olin Corp
 
42,221
781,511
Perimeter Solutions Inc (b)
 
57,247
1,752,331
PureCycle Technologies Inc (b)(c)
 
52,018
331,355
Quaker Chemical Corp
 
5,082
815,763
Rayonier Advanced Materials Inc (b)
 
25,154
225,128
RPM International Inc
 
47,144
5,047,708
Scotts Miracle-Gro Co/The
 
16,555
1,087,332
Sensient Technologies Corp
 
15,738
1,946,318
Stepan Co
 
8,035
515,365
Tronox Holdings PLC
 
44,777
261,498
Westlake Corp
 
12,314
868,137
 
 
 
44,328,557
Construction Materials - 0.1%
 
 
 
Eagle Materials Inc
 
11,575
2,372,181
Knife River Corp (b)
 
20,883
1,528,009
United States Lime & Minerals Inc
 
3,906
430,831
 
 
 
4,331,021
Containers & Packaging - 0.6%
 
 
 
AptarGroup Inc
 
23,549
3,154,624
Ardagh Metal Packaging SA
 
53,761
254,290
Crown Holdings Inc
 
40,728
4,799,795
Graphic Packaging Holding CO
 
109,397
1,173,830
Greif Inc Class A
 
9,210
797,126
Greif Inc Class B
 
1,643
178,232
Myers Industries Inc
 
13,921
475,541
O-I Glass Inc (b)
 
56,427
403,453
Ranpak Holdings Corp Class A (b)
 
15,800
80,896
Silgan Holdings Inc
 
32,237
1,288,835
Sonoco Products Co
 
36,573
2,061,254
TriMas Corp
 
10,464
417,828
 
 
 
15,085,704
Metals & Mining - 1.0%
 
 
 
Alcoa Corp
 
97,327
4,405,021
Alpha Metallurgical Resources Inc (b)
 
3,941
540,548
American Battery Technology Co (b)(c)
 
49,359
103,160
Century Aluminum Co (b)
 
20,757
929,291
Cleveland-Cliffs Inc (b)
 
210,423
2,424,073
Commercial Metals Co
 
40,885
2,809,617
Compass Minerals International Inc (b)
 
12,810
375,845
Contango Silver & Gold Inc (b)(c)
 
9,735
149,919
Dakota Gold Corp (b)
 
38,839
176,329
Hecla Mining Co
 
247,459
3,494,121
Idaho Strategic Resources Inc (b)
 
5,440
152,701
Ivanhoe Electric Inc / US (b)
 
43,283
396,039
Kaiser Aluminum Corp
 
5,967
952,811
Materion Corp
 
7,701
1,623,679
Mesabi Trust
 
5,080
111,709
Metallus Inc (b)
 
13,287
267,334
MP Materials Corp (b)(c)
 
49,843
2,062,005
Ramaco Resources Inc Class A (b)(c)
 
14,272
130,874
Ryerson Holding Corp
 
16,363
454,728
SunCoke Energy Inc
 
31,453
266,721
Tredegar Corp (b)
 
11,242
85,327
United States Antimony Corp (b)(c)
 
46,133
233,894
US Gold Corp (b)(c)
 
5,338
69,287
USA Rare Earth Inc Class A (b)(c)
 
65,263
975,682
Warrior Met Coal Inc
 
19,433
1,543,175
Worthington Steel Inc
 
11,933
429,707
 
 
 
25,163,597
Paper & Forest Products - 0.0%
 
 
 
Clearwater Paper Corp (b)
 
5,709
120,060
Magnera Corp (b)
 
12,172
161,279
Sylvamo Corp
 
12,416
464,483
 
 
 
745,822
TOTAL MATERIALS
 
 
89,654,701
Real Estate - 7.1%
 
 
 
Diversified REITs - 0.2%
 
 
 
AH Realty Trust Inc Class A
 
29,359
204,339
Alpine Income Property Trust Inc
 
5,571
112,422
American Assets Trust Inc
 
17,946
423,346
Broadstone Net Lease Inc Class A
 
71,406
1,528,802
CTO Realty Growth Inc
 
12,012
263,904
Essential Properties Realty Trust Inc
 
79,902
2,500,134
Gladstone Commercial Corp
 
18,918
236,475
Global Net Lease Inc
 
71,560
624,003
 
 
 
5,893,425
Health Care REITs - 1.2%
 
 
 
Alexandria Real Estate Equities Inc
 
57,882
2,978,029
American Healthcare REIT Inc
 
71,191
3,958,220
CareTrust REIT Inc
 
87,293
3,661,068
Chiron Real Estate Inc
 
4,717
167,453
Community Healthcare Trust Inc
 
10,693
195,789
Diversified Healthcare Trust
 
80,414
715,685
Healthcare Realty Trust Inc
 
127,904
2,687,263
Healthpeak Properties Inc
 
254,927
5,565,056
LTC Properties Inc
 
19,178
771,723
Medical Properties Trust Inc (c)
 
182,386
844,447
National Health Investors Inc
 
17,933
1,374,564
Omega Healthcare Investors Inc
 
110,012
5,569,908
Sabra Health Care REIT Inc
 
93,148
1,971,943
Universal Health Realty Income Trust
 
4,878
211,803
 
 
 
30,672,951
Hotel & Resort REITs - 0.6%
 
 
 
Apple Hospitality REIT Inc
 
82,157
1,356,412
Chatham Lodging Trust
 
17,708
236,047
DiamondRock Hospitality Co
 
76,033
1,006,677
Host Hotels & Resorts Inc
 
235,325
5,913,717
Park Hotels & Resorts Inc
 
74,676
1,124,621
Pebblebrook Hotel Trust
 
41,789
798,170
RLJ Lodging Trust
 
55,824
683,844
Ryman Hospitality Properties Inc
 
23,327
3,117,654
Service Properties Trust
 
46,401
372,600
Summit Hotel Properties Inc
 
39,315
270,487
Sunstone Hotel Investors Inc
 
69,573
818,874
Xenia Hotels & Resorts Inc
 
34,264
705,153
 
 
 
16,404,256
Industrial REITs - 0.8%
 
 
 
Americold Realty Trust Inc
 
105,349
1,484,367
EastGroup Properties Inc
 
19,857
4,150,312
First Industrial Realty Trust Inc
 
49,044
3,229,057
Industrial Logistics Properties Trust
 
21,936
188,869
Lineage Inc
 
21,286
901,888
LXP Industrial Trust
 
21,932
1,327,544
One Liberty Properties Inc
 
6,732
163,654
Rexford Industrial Realty Inc
 
83,002
3,134,986
STAG Industrial Inc Class A
 
70,834
2,710,109
Terreno Realty Corp
 
39,377
2,821,362
 
 
 
20,112,148
Office REITs - 0.6%
 
 
 
Brandywine Realty Trust
 
65,674
199,649
BXP Inc
 
54,886
3,848,607
COPT Defense Properties
 
41,857
1,588,892
Cousins Properties Inc
 
60,924
1,922,152
Douglas Emmett Inc
 
62,550
739,341
Easterly Government Properties Inc
 
16,934
412,512
Empire State Realty Trust Inc Class A
 
51,288
259,517
Highwoods Properties Inc
 
40,938
1,356,276
Hudson Pacific Properties Inc (b)
 
20,036
275,896
JBG SMITH Properties
 
21,707
304,983
Kilroy Realty Corp
 
39,609
1,537,621
NET Lease Office Properties
 
5,902
69,053
Piedmont Realty Trust Inc Class A1 (b)
 
46,060
446,321
Postal Realty Trust Inc Class A
 
10,207
235,169
SL Green Realty Corp
 
26,322
1,393,223
Vornado Realty Trust
 
58,317
2,297,108
 
 
 
16,886,320
Real Estate Management & Development - 0.7%
 
 
 
AGNT Inc
 
35,574
144,075
Compass Inc Class A (b)
 
236,562
2,694,441
Cushman & Wakefield Ltd
 
86,468
1,160,401
Douglas Elliman Inc (b)
 
29,284
49,489
Forestar Group Inc (b)
 
7,093
199,668
FRP Holdings Inc (b)
 
4,428
98,833
Howard Hughes Holdings Inc (b)
 
11,324
723,830
Jones Lang LaSalle Inc (b)
 
17,118
6,077,404
Marcus & Millichap Inc
 
8,682
266,972
Newmark Group Inc Class A
 
57,790
866,561
Opendoor Technologies Inc Class A (b)(c)
 
299,496
1,129,101
Opendoor Technologies Inc warrants 11/20/2026 (b)
 
6,739
2,156
Opendoor Technologies Inc warrants 11/20/2026 (b)
 
6,739
1,213
Opendoor Technologies Inc warrants 11/20/2026 (b)
 
6,739
1,086
RE/MAX Holdings Inc Class A (b)
 
7,772
70,414
RMR Group Inc/The Class A (c)
 
6,279
119,552
Seaport Entertainment Group Inc (b)(c)
 
2,643
69,325
St Joe Co/The
 
14,629
910,509
Tejon Ranch Co (b)
 
9,335
158,042
Zillow Group Inc Class A (b)
 
19,029
660,116
Zillow Group Inc Class C (b)
 
59,178
2,015,603
 
 
 
17,418,791
Residential REITs - 0.7%
 
 
 
American Homes 4 Rent Class A
 
117,029
3,911,109
Camden Property Trust
 
37,143
4,115,816
Centerspace
 
6,403
351,141
Equity LifeStyle Properties Inc
 
71,564
4,656,670
Independence Realty Trust Inc
 
87,405
1,453,545
NexPoint Residential Trust Inc
 
8,540
222,979
UDR Inc
 
109,169
4,165,889
UMH Properties Inc
 
30,613
462,562
 
 
 
19,339,711
Retail REITs - 1.6%
 
 
 
Acadia Realty Trust
 
49,473
1,111,658
Agree Realty Corp
 
44,300
3,446,540
Alexander's Inc
 
817
208,335
Brixmor Property Group Inc
 
113,235
3,568,035
CBL & Associates Properties Inc
 
5,841
342,925
Curbline Properties Corp
 
35,892
1,099,731
Federal Realty Investment Trust
 
29,024
3,601,588
FrontView REIT Inc
 
8,735
177,670
Getty Realty Corp
 
20,940
714,892
InvenTrust Properties Corp
 
28,715
1,016,798
Kimco Realty Corp
 
249,069
6,346,279
Kite Realty Group Trust
 
75,150
2,150,793
Macerich Co/The
 
104,505
2,700,409
NETSTREIT Corp (c)
 
36,067
773,637
NNN REIT Inc
 
70,388
3,344,838
Phillips Edison & Co Inc
 
46,660
1,982,583
Regency Centers Corp
 
60,816
4,882,917
Saul Centers Inc
 
4,745
161,662
SITE Centers Corp
 
19,824
84,847
Tanger Inc
 
42,396
1,723,821
Urban Edge Properties
 
46,730
1,058,902
 
 
 
40,498,860
Specialized REITs - 0.7%
 
 
 
CubeSmart
 
83,952
3,480,650
EPR Properties
 
28,366
1,760,678
Farmland Partners Inc
 
16,216
151,620
Four Corners Property Trust Inc
 
41,157
1,053,619
Gladstone Land Corp
 
15,221
123,442
Lamar Advertising Co Class A
 
32,154
5,143,354
Millrose Properties Inc Class A
 
57,204
1,600,568
Outfront Media Inc
 
56,583
1,803,300
Rayonier Inc
 
102,108
2,223,912
Safehold Inc
 
17,161
277,665
Smartstop Self Storage REIT Inc
 
20,400
684,216
 
 
 
18,303,024
TOTAL REAL ESTATE
 
 
185,529,486
Utilities - 2.5%
 
 
 
Electric Utilities - 0.9%
 
 
 
Genie Energy Ltd Class B
 
7,712
107,274
Hawaiian Electric Industries Inc (b)
 
63,733
823,430
IDACORP Inc
 
20,419
2,918,079
MGE Energy Inc
 
14,046
1,117,078
OGE Energy Corp
 
76,346
3,614,983
Oklo Inc Class A (b)(c)
 
50,672
1,967,594
Otter Tail Corp
 
15,511
1,371,483
Pinnacle West Capital Corp
 
44,671
4,511,325
Portland General Electric Co
 
42,755
2,109,104
TXNM Energy Inc
 
36,635
2,121,899
 
 
 
20,662,249
Gas Utilities - 0.6%
 
 
 
Chesapeake Utilities Corp
 
8,861
1,176,564
MDU Resources Group Inc
 
76,990
1,535,951
National Fuel Gas Co
 
35,076
2,887,106
New Jersey Resources Corp
 
37,182
2,152,466
Northwest Natural Holding Co
 
15,608
763,542
ONE Gas Inc
 
23,103
1,793,948
Southwest Gas Holdings Inc
 
23,742
2,122,535
Spire Inc
 
21,798
1,740,788
UGI Corp
 
79,227
2,861,679
 
 
 
17,034,579
Independent Power and Renewable Electricity Producers - 0.5%
 
 
 
AES Corp/The
 
263,055
3,861,647
Clearway Energy Inc Class C
 
44,698
1,418,268
Fervo Energy Co Class A (b)
 
26,289
592,554
Hallador Energy Co (b)
 
14,241
202,507
Ormat Technologies Inc
 
22,718
2,216,822
Talen Energy Corp (b)
 
16,750
5,596,175
 
 
 
13,887,973
Multi-Utilities - 0.2%
 
 
 
Avista Corp
 
30,550
1,235,748
Black Hills Corp
 
28,114
2,001,998
Northwestern Energy Group Inc
 
22,834
1,569,609
Unitil Corp
 
6,685
360,589
 
 
 
5,167,944
Water Utilities - 0.3%
 
 
 
American States Water Co
 
14,562
1,247,090
Artesian Resources Corp Class A
 
3,683
126,511
Cadiz Inc (b)(c)
 
18,989
56,776
California Water Service Group
 
21,989
1,101,869
Consolidated Water Co Ltd
 
5,483
160,104
Essential Utilities Inc
 
104,639
4,169,864
H2O America
 
14,412
883,888
Middlesex Water Co
 
7,063
404,710
York Water Co/The
 
5,968
184,829
 
 
 
8,335,641
TOTAL UTILITIES
 
 
65,088,386
TOTAL UNITED STATES
 
 
2,570,755,939
 
TOTAL COMMON STOCKS
 (Cost $2,079,059,159)
 
 
 
2,614,078,748
 
 
 
 
U.S. Treasury Obligations - 0.0%
 
 
Yield (%) (g)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 8/13/2026 (h)
 (Cost $366,558)
 
3.64
367,000
366,632
 
 
 
 
 
Money Market Funds - 4.2%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (i)
 
3.69
5,984,889
5,986,086
Fidelity Securities Lending Cash Central Fund (i)(j)
 
3.72
103,088,527
103,098,836
 
TOTAL MONEY MARKET FUNDS
 (Cost $109,084,488)
 
 
 
109,084,922
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.9%
 (Cost $2,188,510,205)
 
 
 
2,723,530,302
NET OTHER ASSETS (LIABILITIES) - (3.9)% (f)
(101,847,453)
NET ASSETS - 100.0%
2,621,682,849
 
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value and Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
 
 
 
 
CME E-Mini Russell 2000 Index Contracts (United States)
26
9/2026
3,819,400
(7,974)
CME E-Mini S&P MidCap 400 Index Contracts (United States)
11
9/2026
4,150,190
2,741
TOTAL LONG
 
 
 
(5,233)

Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Non-income producing.
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
Level 3 security.
 
(e)
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 $409,624 or 0.0% of net assets.
 
(f)
Includes $104,745 of cash collateral to cover margin requirements for futures contracts.
 
(g)
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
 
(h)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $366,632.
 
(i)
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.
 
(j)
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 $62,169,741.
 
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.
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
Fidelity Cash Central Fund
3,487,918
209,995,011
207,496,919
131,289
(358)
434
5,986,086
5,984,889
Fidelity Securities Lending Cash Central Fund
93,662,321
321,292,592
311,855,358
496,074
(719)
-
103,098,836
103,088,527
 
97,150,239
531,287,603
519,352,277
627,363
(1,077)
434
109,084,922
 
 
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.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 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.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
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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