Quarterly Holdings Report
for
Fidelity Flex® Funds
Fidelity Flex® Small Cap Index Fund
July 31, 2026
ZAP-NPRT1-0926
1.9881628.109
Common Stocks - 99.5%
 
 
Shares
Value ($)
 
AUSTRALIA - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Benitec Biopharma Inc (b)
 
4,027
47,155
BAHAMAS (NASSAU) - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Diversified Consumer Services - 0.1%
 
 
 
OneSpaWorld Holdings Ltd
 
15,276
393,510
BERMUDA - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Teekay Corp Ltd
 
8,323
96,963
CANADA - 0.3%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Teekay Tankers Ltd Class A
 
3,643
289,145
Information Technology - 0.2%
 
 
 
Software - 0.2%
 
 
 
D-Wave Quantum Inc (b)(c)
 
55,612
1,005,465
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
McEwen Inc (b)
 
7,685
132,874
TOTAL CANADA
 
 
1,427,484
CHINA - 0.2%
 
 
 
Information Technology - 0.2%
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
ACM Research Inc Class A (b)
 
8,582
673,430
indie Semiconductor Inc Class A (b)(c)
 
32,459
104,842
 
 
 
 
TOTAL CHINA
 
 
778,272
GERMANY - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Orion SA
 
9,365
63,214
GHANA - 0.1%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Kosmos Energy Ltd (b)
 
90,634
243,805
GRAND CAYMAN (UK OVERSEAS TER) - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
BridgeBio Oncology Therapeutics Inc (b)
 
7,506
60,724
IRELAND - 0.1%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Ardmore Shipping Corp
 
5,626
97,836
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Prothena Corp PLC (b)
 
6,253
50,774
Industrials - 0.1%
 
 
 
Commercial Services & Supplies - 0.1%
 
 
 
Cimpress PLC (b)
 
2,180
215,167
TOTAL IRELAND
 
 
363,777
ISRAEL - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Mobileye Global Inc Class A (b)
 
25,269
200,636
JAPAN - 0.2%
 
 
 
Information Technology - 0.2%
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Allegro MicroSystems Inc (b)
 
18,765
778,748
MONACO - 0.1%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Scorpio Tankers Inc
 
5,542
431,500
NETHERLANDS - 0.1%
 
 
 
Health Care - 0.1%
 
 
 
Biotechnology - 0.1%
 
 
 
uniQure NV (b)
 
10,286
448,778
NORWAY - 0.1%
 
 
 
Energy - 0.1%
 
 
 
Energy Equipment & Services - 0.1%
 
 
 
Seadrill Ltd (b)
 
9,561
428,715
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
T1 Energy Inc (b)
 
31,450
131,147
TOTAL NORWAY
 
 
559,862
PHILIPPINES - 0.0%
 
 
 
Industrials - 0.0%
 
 
 
Professional Services - 0.0%
 
 
 
TaskUS Inc Class A (c)
 
3,919
23,787
PUERTO RICO - 0.5%
 
 
 
Communication Services - 0.1%
 
 
 
Diversified Telecommunication Services - 0.1%
 
 
 
Liberty Latin America Ltd Class A (b)
 
6,780
55,257
Liberty Latin America Ltd Class C (b)
 
17,709
142,912
TOTAL COMMUNICATION SERVICES
 
 
198,169
Financials - 0.4%
 
 
 
Banks - 0.3%
 
 
 
First BanCorp/Puerto Rico
 
23,182
670,656
Ofg Bancorp
 
6,361
336,242
 
 
 
1,006,898
Financial Services - 0.1%
 
 
 
EVERTEC Inc
 
9,686
294,842
TOTAL FINANCIALS
 
 
1,301,740
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Unusual Machines Inc /US (b)
 
6,669
141,115
TOTAL PUERTO RICO
 
 
1,641,024
SINGAPORE - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Grindr Inc Class A (b)(c)
 
6,581
114,115
Information Technology - 0.2%
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Kulicke & Soffa Industries Inc
 
7,875
702,450
TOTAL SINGAPORE
 
 
816,565
SWITZERLAND - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobile Components - 0.1%
 
 
 
Garrett Motion Inc
 
19,140
596,211
THAILAND - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
BKV Corp (b)
 
5,717
139,838
UNITED KINGDOM - 0.0%
 
 
 
Industrials - 0.0%
 
 
 
Machinery - 0.0%
 
 
 
Luxfer Holdings PLC
 
4,192
71,390
UNITED STATES - 97.4%
 
 
 
Communication Services - 2.8%
 
 
 
Diversified Telecommunication Services - 0.7%
 
 
 
Anterix Inc (b)
 
2,818
262,130
Atn International Inc
 
1,722
41,001
Bandwidth Inc Class A (b)
 
4,558
178,400
Cogent Communications Holdings Inc
 
7,022
94,797
GCI LLC Class A (b)
 
510
12,056
GCI LLC Class C (b)
 
5,289
122,547
Globalstar Inc (b)
 
7,752
646,362
IDT Corp Class B
 
3,171
208,842
Lumen Technologies Inc (b)
 
143,364
914,662
Shenandoah Telecommunications Co
 
7,532
90,309
Uniti Group Inc (b)
 
27,620
268,466
 
 
 
2,839,572
Entertainment - 1.0%
 
 
 
AMC Entertainment Holdings Inc Class A (b)
 
115,260
325,033
Angel Studios Inc Class A (b)
 
15,016
60,965
Atlanta Braves Holdings Inc Class A (b)
 
1,867
101,583
Atlanta Braves Holdings Inc Class C (b)
 
6,686
339,850
Cinemark Holdings Inc
 
15,666
573,219
CuriosityStream Inc Class A
 
8,279
20,201
Lionsgate Studios Corp (b)
 
34,444
457,416
Madison Square Garden Entertainment Corp Class A (b)
 
6,052
467,578
Madison Square Garden Sports Corp Class A (b)
 
2,701
1,063,330
Marcus Corp/The
 
3,397
98,853
Playtika Holding Corp
 
10,954
43,706
Sphere Entertainment Co Class A (b)
 
4,045
579,446
Starz Entertainment Corp (b)
 
2,013
52,378
 
 
 
4,183,558
Interactive Media & Services - 0.5%
 
 
 
Angi Inc Class A (b)
 
474
2,687
Bumble Inc Class A (b)
 
15,744
44,870
Cargurus Inc Class A (b)
 
11,644
421,979
Cars.com Inc (b)
 
8,297
98,319
EverQuote Inc Class A (b)
 
4,248
107,135
fuboTV Inc Class A (b)(c)
 
1,127
9,973
MediaAlpha Inc Class A (b)
 
4,904
60,712
Nextdoor Holdings Inc Class A (b)
 
36,507
81,046
QuinStreet Inc (b)
 
8,894
137,857
RUM Group Inc Class A (b)(c)
 
17,790
103,894
TripAdvisor Inc Class A (b)
 
17,929
253,964
Trump Media & Technology Group Corp (b)
 
24,799
244,518
Yelp Inc Class A (b)
 
8,302
219,422
Ziff Davis Inc (b)
 
5,598
297,142
ZipRecruiter Inc Class A (b)
 
9,504
37,446
ZoomInfo Technologies Inc (b)
 
41,613
137,323
 
 
 
2,258,287
Media - 0.5%
 
 
 
AMC Global Media Inc Class A (b)
 
5,125
57,400
Boston Omaha Corp (b)
 
3,350
47,503
Cable One Inc (b)
 
27
1,080
Clear Channel Outdoor Holdings Inc (b)
 
47,727
115,499
DoubleVerify Holdings Inc (b)
 
19,975
224,719
EW Scripps Co/The Class A (b)
 
11,349
31,891
Gray Media Inc
 
14,290
57,732
Ibotta Inc Class A (b)
 
1,890
45,360
iHeartMedia Inc Class A (b)
 
18,385
66,002
John Wiley & Sons Inc Class A
 
5,977
311,999
Magnite Inc (b)
 
21,893
422,536
MNTN Inc Class A (b)
 
3,196
29,467
National CineMedia Inc
 
15,043
60,322
NIQ Global Intelligence Plc (b)
 
7,920
88,466
Optimum Communications Inc Class A (b)(c)
 
43,963
33,509
PubMatic Inc Class A (b)
 
5,578
70,283
Scholastic Corp
 
2,493
101,340
Sinclair Inc Class A
 
6,725
92,402
Stagwell Inc Class A (b)
 
16,041
135,546
TechTarget Inc (b)
 
4,341
19,491
USA TODAY Co Inc (b)
 
18,941
164,597
 
 
 
2,177,144
Wireless Telecommunication Services - 0.1%
 
 
 
Array Digital Infrastructure Inc
 
44
1,533
Gogo Inc (b)
 
13,511
56,476
Spok Holdings Inc
 
5,336
58,162
Telephone and Data Systems Inc
 
14,979
502,995
 
 
 
619,166
TOTAL COMMUNICATION SERVICES
 
 
12,077,727
Consumer Discretionary - 10.4%
 
 
 
Automobile Components - 1.1%
 
 
 
Adient PLC (b)
 
11,973
251,912
Cooper-Standard Holdings Inc (b)
 
2,749
81,013
Dana Inc
 
16,369
440,817
Dauch Corp (b)
 
36,181
204,423
Dorman Products Inc (b)
 
4,083
543,692
Fox Factory Holding Corp (b)
 
6,488
116,784
Gentherm Inc (b)
 
4,607
186,952
Goodyear Tire & Rubber Co/The (b)
 
44,348
308,219
Holley Inc Class A (b)
 
9,388
25,066
Kodiak AI Inc (b)(c)
 
16,527
71,892
LCI Industries
 
3,716
380,370
Motorcar Parts of America Inc (b)
 
2,878
38,565
Patrick Industries Inc
 
5,023
414,649
Phinia Inc
 
5,570
409,896
Solid Power Inc (b)
 
30,016
61,833
Standard Motor Products Inc
 
3,205
122,527
Stoneridge Inc (b)
 
4,625
31,959
Strattec Security Corp (b)
 
629
55,283
Versigent PLC
 
10,744
444,264
Visteon Corp
 
4,092
427,778
XPEL Inc (b)(e)
 
3,767
167,142
 
 
 
4,785,036
Automobiles - 0.1%
 
 
 
Lucid Group Inc (b)(c)
 
28,732
212,042
Winnebago Industries Inc
 
4,379
132,596
 
 
 
344,638
Broadline Retail - 0.2%
 
 
 
Dillard's Inc Class A (c)
 
458
269,460
Groupon Inc (b)(c)
 
4,207
116,029
Kohl's Corp
 
17,190
329,017
Savers Value Village Inc (b)
 
5,899
60,523
 
 
 
775,029
Distributors - 0.1%
 
 
 
GigaCloud Technology Inc Class A (b)
 
4,030
176,272
Gold.com Inc
 
3,106
128,464
 
 
 
304,736
Diversified Consumer Services - 1.5%
 
 
 
ADT Inc
 
86,020
657,193
American Public Education Inc (b)
 
2,747
133,257
Carriage Services Inc
 
2,374
95,838
Chegg Inc (b)
 
19,871
19,533
Coursera Inc (b)
 
34,682
184,161
Covista Inc (b)
 
5,139
641,604
Driven Brands Holdings Inc (b)
 
9,091
129,729
Frontdoor Inc (b)
 
10,561
767,045
Graham Holdings Co Class B
 
502
604,177
Grand Canyon Education Inc (b)
 
3,981
578,599
KinderCare Learning Cos Inc (b)
 
5,459
29,206
Laureate Education Inc (b)
 
19,128
732,794
Lincoln Educational Services Corp (b)
 
4,430
185,263
Matthews International Corp Class A
 
4,728
131,202
Perdoceo Education Corp
 
8,963
285,113
Strategic Education Inc
 
3,466
284,212
Stride Inc (b)(c)
 
6,377
512,009
Universal Technical Institute Inc (b)
 
7,680
301,901
WW International Inc (b)
 
1,684
24,182
 
 
 
6,297,018
Hotels, Restaurants & Leisure - 1.9%
 
 
 
Accel Entertainment Inc Class A (b)
 
9,111
109,514
Biglari Holdings Inc Class B (b)
 
118
46,904
BJ's Restaurants Inc (b)
 
3,240
219,056
Black Rock Coffee Bar Inc Class A
 
3,734
30,096
Bloomin' Brands Inc
 
11,334
98,152
Brinker International Inc (b)
 
6,516
1,392,469
Cheesecake Factory Inc/The
 
7,060
716,025
Cracker Barrel Old Country Store Inc
 
3,541
199,677
Dave & Buster's Entertainment Inc (b)
 
4,890
53,008
Dine Brands Global Inc (c)
 
2,230
80,146
El Pollo Loco Holdings Inc (b)
 
3,942
64,885
First Watch Restaurant Group Inc (b)
 
7,740
99,459
Global Business Travel Group I Class A (b)
 
18,021
170,118
Jack in the Box Inc (b)(c)
 
1,139
18,645
Krispy Kreme Inc (b)
 
5,111
16,253
Kura Sushi USA Inc Class A (b)
 
1,094
50,401
Life Time Group Holdings Inc (b)
 
23,319
1,051,687
Lindblad Expeditions Holdings Inc (b)
 
6,802
201,203
Lucky Strike Entertainment Corp Class A (c)
 
2,935
19,665
Marriott Vacations Worldwide Corp
 
4,257
415,100
Monarch Casino & Resort Inc
 
1,820
223,405
Nathan's Famous Inc
 
395
38,753
Navan Inc Class A (b)
 
5,899
157,031
Papa John's International Inc (c)
 
3,267
97,683
Penn Entertainment Inc (b)
 
19,515
400,643
Portillo's Inc Class A (b)
 
3,001
13,715
Pursuit Attractions and Hospitality Inc (b)
 
3,116
157,451
Rci Hospitality Holdings Inc
 
1,376
34,524
Red Rock Resorts Inc Class A
 
7,305
470,734
Rush Street Interactive Inc Class A (b)
 
15,814
425,555
Sabre Corp (b)
 
61,634
114,023
Serve Robotics Inc (b)(c)
 
725
3,466
Shake Shack Inc Class A (b)
 
6,298
395,200
Six Flags Entertainment Corp (b)(c)
 
10,988
190,422
Sweetgreen Inc Class A (b)
 
8,224
53,045
Target Hospitality Corp (b)
 
4,828
73,386
United Parks & Resorts Inc (b)
 
3,816
170,308
Wendy's Co/The (c)
 
25,919
190,764
Xponential Fitness Inc Class A (b)(c)
 
5,513
35,945
 
 
 
8,298,516
Household Durables - 1.9%
 
 
 
Beazer Homes USA Inc (b)
 
3,875
124,388
Cavco Industries Inc (b)
 
1,167
638,384
Century Communities Inc
 
3,857
259,036
Champion Homes Inc (b)
 
8,365
665,938
Cricut Inc Class A
 
8,331
39,072
Dream Finders Homes Inc Class A (b)
 
4,906
62,748
Ethan Allen Interiors Inc
 
3,956
88,614
Flexsteel Industries Inc
 
573
42,419
Gopro Inc Class A (b)
 
23,830
17,848
Green Brick Partners Inc (b)
 
4,548
321,680
Helen of Troy Ltd (b)
 
1,291
35,669
Hovnanian Enterprises Inc Class A (b)
 
734
90,943
Installed Building Products Inc
 
3,435
765,799
KB Home
 
9,710
533,759
La-Z-Boy Inc
 
6,151
242,226
Legacy Housing Corp (b)
 
1,368
35,924
Leggett & Platt Inc
 
20,797
203,811
LGI Homes Inc (b)
 
3,196
174,406
Lovesac Co/The (b)
 
2,240
36,042
M/I Homes Inc (b)
 
3,843
561,578
Meritage Homes Corp
 
10,228
718,006
Newell Brands Inc
 
65,112
364,627
SharkNinja Inc (b)
 
10,667
1,725,601
Smith Douglas Homes Corp Class A (b)
 
1,309
19,411
Sonos Inc (b)
 
17,919
262,693
 
 
 
8,030,622
Leisure Products - 0.4%
 
 
 
Acushnet Holdings Corp
 
4,133
418,549
Callaway Golf Co (b)
 
20,549
379,335
Funko Inc Class A (b)
 
5,910
34,454
JAKKS Pacific Inc
 
1,442
37,968
Johnson Outdoors Inc Class A
 
992
46,535
Latham Group Inc (b)
 
7,564
40,543
Malibu Boats Inc Class A (b)
 
3,197
88,141
MasterCraft Boat Holdings Inc (b)
 
2,434
58,221
Peloton Interactive Inc Class A (b)
 
63,966
408,743
Smith & Wesson Brands Inc
 
6,725
97,849
Sturm Ruger & Co Inc
 
2,410
89,580
 
 
 
1,699,918
Specialty Retail - 2.5%
 
 
 
1-800-Flowers.com Inc Class A (b)(c)
 
4,511
17,593
Abercrombie & Fitch Co Class A (b)
 
6,773
674,184
America's Car-Mart Inc/TX (b)
 
1,796
5,729
American Eagle Outfitters Inc
 
23,684
406,891
Arhaus Inc Class A
 
7,889
58,457
Arko Corp
 
11,795
94,242
Asbury Automotive Group Inc (b)
 
2,807
650,382
Barnes & Noble Education Inc
 
3,358
41,774
Bed Bath & Beyond Inc (b)
 
11,747
59,322
Boot Barn Holdings Inc (b)
 
4,591
684,013
Buckle Inc/The
 
4,597
201,211
Build-A-Bear Workshop Inc
 
1,899
64,414
Caleres Inc
 
5,516
70,825
Camping World Holdings Inc Class A
 
2,498
15,463
Chewy Inc Class A (b)
 
36,482
824,493
Citi Trends Inc (b)
 
1,080
72,004
Designer Brands Inc Class A
 
5,602
33,836
EVgo Inc Class A (b)
 
22,717
35,893
Gap Inc/The
 
33,907
681,192
Genesco Inc (b)
 
1,482
56,642
Group 1 Automotive Inc
 
1,789
513,032
Haverty Furniture Cos Inc
 
2,076
51,153
Lands' End Inc (b)
 
1,872
22,501
MarineMax Inc (b)
 
2,911
100,342
Monro Inc
 
4,920
60,270
National Vision Holdings Inc (b)
 
12,268
270,387
OneWater Marine Inc Class A (b)
 
2,239
27,428
Penske Automotive Group Inc
 
2,771
602,166
Petco Health & Wellness Co Inc Class A (b)
 
14,494
40,438
RealReal Inc/The (b)
 
15,192
183,671
Revolve Group Inc Class A (b)
 
6,218
156,134
RH (b)
 
2,354
389,634
Sally Beauty Holdings Inc (b)
 
14,503
217,110
Shoe Station Group Inc
 
3,261
49,567
Signet Jewelers Ltd
 
6,103
566,969
Sonic Automotive Inc Class A
 
1,996
182,794
Stitch Fix Inc Class A (b)
 
18,933
76,111
ThredUp Inc Class A (b)
 
15,766
91,127
Upbound Group Inc
 
8,241
159,793
Urban Outfitters Inc (b)
 
7,746
574,598
Victoria's Secret & Co (b)
 
11,938
1,058,662
Warby Parker Inc Class A (b)
 
15,231
406,515
Winmark Corp
 
445
148,408
Zumiez Inc (b)
 
2,177
42,822
 
 
 
10,740,192
Textiles, Apparel & Luxury Goods - 0.7%
 
 
 
Carter's Inc
 
5,598
215,915
Columbia Sportswear Co
 
3,622
215,074
Figs Inc Class A (b)
 
24,125
258,138
G-III Apparel Group Ltd
 
5,542
201,784
Kontoor Brands Inc
 
7,698
644,631
Lakeland Industries Inc
 
1,660
18,924
Levi Strauss & Co Class A
 
13,924
341,416
Movado Group Inc
 
2,382
90,945
Oxford Industries Inc
 
2,235
84,751
Rocky Brands Inc
 
1,125
54,945
Steven Madden Ltd
 
10,992
506,511
Under Armour Inc Class A (b)
 
38,364
255,121
Under Armour Inc Class C (b)
 
8,590
55,749
Wolverine World Wide Inc
 
12,479
245,587
 
 
 
3,189,491
TOTAL CONSUMER DISCRETIONARY
 
 
44,465,196
Consumer Staples - 2.3%
 
 
 
Beverages - 0.2%
 
 
 
Boston Beer Co Inc/The Class A (b)
 
1,186
217,275
MGP Ingredients Inc
 
2,642
46,763
National Beverage Corp
 
3,652
115,549
Vita Coco Co Inc/The (b)
 
6,659
439,095
 
 
 
818,682
Consumer Staples Distribution & Retail - 0.6%
 
 
 
Andersons Inc/The
 
5,071
358,925
Chefs' Warehouse Inc/The (b)
 
5,449
628,542
Grocery Outlet Holding Corp (b)
 
15,900
146,121
Ingles Markets Inc Class A
 
2,033
182,990
Natural Grocers by Vitamin Cottage Inc
 
1,692
54,246
PriceSmart Inc
 
3,808
738,410
United Natural Foods Inc (b)
 
9,128
463,976
Village Super Market Inc Class A
 
1,424
62,571
Weis Markets Inc (c)
 
1,502
115,729
 
 
 
2,751,510
Food Products - 0.7%
 
 
 
B&G Foods Inc (c)
 
959
3,385
Beyond Meat Inc (b)(c)
 
81,783
46,289
Cal-Maine Foods Inc (c)
 
6,886
604,453
Del Monte Corp
 
5,537
164,504
Flowers Foods Inc
 
35,706
250,656
J & J Snack Foods Corp
 
641
49,037
John B Sanfilippo & Son Inc
 
1,369
113,298
Lifeway Foods Inc (b)
 
1,044
31,090
Mama's Creations Inc (b)
 
5,732
105,641
Marzetti Company/The
 
3,242
346,473
Mission Produce Inc (b)
 
9,591
120,943
Pilgrim's Pride Corp
 
7,037
192,532
Seaboard Corp
 
40
176,530
Seneca Foods Corp Class A (b)
 
765
126,600
Simply Good Foods Co/The (b)
 
4,014
40,863
Tootsie Roll Industries Inc Class A
 
3,311
129,195
Utz Brands Inc Class A
 
12,920
182,430
Vital Farms Inc (b)
 
5,927
75,451
Westrock Coffee Co (b)(c)
 
6,041
49,053
 
 
 
2,808,423
Household Products - 0.4%
 
 
 
Central Garden & Pet Co (b)
 
1,423
61,260
Central Garden & Pet Co Class A (b)
 
7,487
283,832
Energizer Holdings Inc
 
9,609
201,501
Oil-Dri Corp of America
 
1,543
153,081
Reynolds Consumer Products Inc
 
8,340
208,000
Spectrum Brands Holdings Inc
 
3,492
309,985
WD-40 Co
 
2,051
465,864
 
 
 
1,683,523
Personal Care Products - 0.3%
 
 
 
BellRing Brands Inc (b)
 
17,902
221,806
Coty Inc Class A (b)
 
57,575
158,331
Edgewell Personal Care Co
 
7,087
192,696
Herbalife Ltd (b)
 
15,573
193,417
Honest Co Inc/The (b)
 
15,401
56,214
Interparfums Inc
 
2,750
342,513
Medifast Inc (b)
 
1,770
17,398
Nature's Sunshine Products Inc (b)
 
2,119
42,698
Niagen Bioscience Inc (b)
 
9,129
31,038
Nu Skin Enterprises Inc Class A
 
8,152
42,309
USANA Health Sciences Inc (b)
 
1,542
34,093
 
 
 
1,332,513
Tobacco - 0.1%
 
 
 
Turning Point Brands Inc
 
2,988
222,935
Universal Corp/VA
 
3,994
210,444
 
 
 
433,379
TOTAL CONSUMER STAPLES
 
 
9,828,030
Energy - 5.0%
 
 
 
Energy Equipment & Services - 2.4%
 
 
 
Archrock Inc
 
26,362
942,705
Atlas Energy Solutions Inc (c)
 
11,976
129,221
Bristow Group Inc
 
3,875
175,615
Cactus Inc Class A
 
10,514
683,515
Core Laboratories Inc
 
3,077
32,739
DMC Global Inc (b)
 
3,093
20,847
Energy Services of America Corp (c)
 
2,132
30,658
Expro Ltd
 
15,181
242,137
Flowco Holdings Inc Class A
 
5,359
109,592
Forum Energy Technologies Inc (b)
 
1,698
106,414
Geospace Technologies Corp (b)
 
2,322
16,973
Helix Energy Solutions Group Inc (b)
 
20,547
195,402
Innovex International Inc (b)
 
5,812
163,201
Kodiak Gas Services Inc
 
14,720
864,211
Liberty Energy Inc Class A
 
24,559
459,499
Nabors Industries Ltd (b)
 
2,221
190,273
National Energy Services Reunited Corp (b)
 
8,964
241,669
Natural Gas Services Group Inc
 
1,636
59,943
Noble Corp PLC
 
19,222
815,013
Oceaneering International Inc (b)
 
15,014
732,383
Oil States International Inc (b)
 
8,374
67,913
Patterson-UTI Energy Inc
 
52,757
552,893
ProPetro Holding Corp (b)
 
14,736
163,570
Ranger Energy Services Inc Class A
 
2,440
39,162
RPC Inc
 
14,660
82,243
Select Water Solutions Inc Class A
 
17,799
329,637
Solaris Energy Infrastructure Inc Class A
 
8,258
424,544
TETRA Technologies Inc (b)
 
20,364
156,803
Tidewater Inc (b)
 
7,047
528,948
Transocean Ltd (b)
 
152,733
812,540
Valaris Ltd (b)
 
9,791
775,349
 
 
 
10,145,612
Oil, Gas & Consumable Fuels - 2.6%
 
 
 
Aemetis Inc (b)(c)
 
11,308
17,074
Amplify Energy Corp (b)
 
5,903
23,080
California Resources Corp
 
11,865
624,336
Calumet Inc (b)
 
9,721
429,571
Centrus Energy Corp Class A (b)(c)
 
2,877
509,028
Clean Energy Fuels Corp (b)
 
26,669
51,738
CNX Resources Corp (b)
 
21,401
766,156
Comstock Inc (b)
 
12,165
33,332
Comstock Resources Inc (b)
 
12,256
162,515
Core Natural Resources Inc
 
7,654
611,095
Crescent Energy Co Class A
 
37,549
430,687
CVR Energy Inc
 
4,674
166,488
Delek US Holdings Inc
 
9,224
626,033
Diversified Energy Co (c)
 
9,609
129,337
Dorian LPG Ltd
 
5,568
264,035
Evolution Petroleum Corp (c)
 
7,934
29,197
Excelerate Energy Inc Class A
 
3,674
144,278
Gevo Inc (b)
 
37,577
55,614
Granite Ridge Resources Inc
 
12,129
57,613
Green Plains Inc (b)
 
10,592
178,475
Gulfport Energy Corp (b)
 
2,213
357,112
HighPeak Energy Inc Class A
 
4,034
28,843
Infinity Natural Resources Inc Class A (b)
 
2,984
39,269
International Seaways Inc
 
6,148
591,315
Kinetik Holdings Inc Class A
 
7,984
403,751
Lightbridge Corp (b)
 
5,452
44,924
Magnolia Oil & Gas Corp Class A
 
28,244
726,153
NextDecade Corp (b)(c)
 
21,679
145,683
Northern Oil & Gas Inc
 
16,640
351,936
Par Pacific Holdings Inc (b)
 
7,555
649,957
Peabody Energy Corp
 
18,569
395,891
PrimeEnergy Resources Corp (b)
 
115
21,171
REX American Resources Corp (b)
 
4,342
186,880
Riley Exploration Permian Inc
 
1,601
54,866
Ring Energy Inc (b)
 
26,936
33,401
Sable Offshore Corp (b)(c)
 
20,292
107,345
SandRidge Energy Inc
 
5,155
71,758
Summit Midstream Corp Class A (b)
 
1,646
50,730
Talos Energy Inc (b)
 
18,829
285,824
Ur-Energy Inc (United States) (b)(c)
 
56,621
69,078
Uranium Energy Corp (b)
 
74,217
712,483
VAALCO Energy Inc
 
16,814
89,619
Vitesse Energy Inc (c)
 
5,613
87,563
W&T Offshore Inc
 
15,497
55,634
World Kinect Corp
 
7,834
312,263
 
 
 
11,183,131
TOTAL ENERGY
 
 
21,328,743
Financials - 18.8%
 
 
 
Banks - 9.5%
 
 
 
1st Source Corp
 
2,700
242,298
ACNB Corp
 
1,543
99,493
Amalgamated Financial Corp
 
3,188
157,423
Amerant Bancorp Inc Class A
 
5,574
164,990
Ameris Bancorp
 
9,429
822,303
Arrow Financial Corp
 
2,199
87,608
Associated Banc-Corp
 
24,581
759,061
Atlantic Union Bankshares Corp
 
21,591
916,106
Avidbank Holdings Inc (b)
 
1,086
35,414
Axos Financial Inc (b)
 
8,554
867,461
Banc of California Inc
 
20,478
392,154
BancFirst Corp
 
3,153
355,721
Bancorp Inc/The (b)
 
6,312
423,346
Bank First Corp
 
1,521
232,318
Bank of Hawaii Corp
 
5,987
478,361
Bank of Marin Bancorp
 
2,424
70,684
BankUnited Inc
 
10,919
509,371
Bankwell Financial Group Inc
 
1,039
70,808
Banner Corp
 
5,166
363,738
Bar Harbor Bankshares
 
2,567
101,936
Beacon Financial Corp
 
12,591
396,742
BOK Financial Corp
 
3,185
450,009
Bridgewater Bancshares Inc (b)
 
3,204
65,618
Burke & Herbert Financial Services Corp
 
2,529
185,249
Business First Bancshares Inc
 
4,893
155,695
Byline Bancorp Inc
 
4,841
190,106
California BanCorp
 
3,271
69,672
Camden National Corp
 
2,562
148,314
Capital Bancorp Inc
 
1,701
63,498
Capital City Bank Group Inc
 
2,088
108,305
Capitol Federal Financial Inc
 
17,839
157,697
Carter Bankshares Inc
 
3,295
113,941
Cathay General Bancorp
 
10,092
637,713
Central Pacific Financial Corp
 
4,000
157,600
ChoiceOne Financial Services Inc
 
2,109
71,769
City Holding Co
 
2,121
307,778
Civista Bancshares Inc
 
3,139
91,219
CNB Financial Corp/PA
 
4,428
155,423
Coastal Financial Corp/WA Class A (b)
 
1,997
81,857
CoastalSouth Bancshares Inc
 
1,079
29,424
Colony Bankcorp Inc
 
3,232
70,845
Columbia Financial Inc
 
11,296
122,110
Commercial Bancgroup Inc
 
1,045
35,781
Community Financial System Inc
 
7,927
513,749
Community Trust Bancorp Inc
 
2,304
180,749
Community West Bancshares
 
3,429
85,828
Connectone Bancorp  Inc
 
7,522
247,775
Customers Bancorp Inc (b)
 
4,740
372,943
CVB Financial Corp
 
25,450
569,317
Dime Commercial Bancshares Inc
 
6,185
252,101
Eagle Bancorp Inc
 
4,131
114,635
Eastern Bankshares Inc
 
31,950
733,572
Enterprise Financial Services Corp
 
5,492
364,175
Equity Bancshares Inc Class A
 
2,432
123,254
Esquire Financial Holdings Inc
 
1,058
136,715
Farmers National Banc Corp
 
8,639
137,015
FB Bancorp Inc (b)
 
2,300
35,547
FB Financial Corp
 
6,025
363,790
Financial Institutions Inc
 
3,022
125,292
First Bancorp/Southern Pines NC
 
6,216
390,800
First Busey Corp
 
12,772
394,144
First Business Financial Services Inc
 
1,257
88,254
First Commonwealth Financial Corp
 
15,263
328,612
First Community Bankshares Inc
 
2,860
136,479
First Community Corp/SC
 
1,366
46,663
First Financial Bancorp
 
15,633
528,864
First Financial Corp
 
1,791
144,265
First Hawaiian Inc
 
18,829
523,258
First Internet Bancorp
 
1,278
37,650
First Interstate BancSystem Inc Class A
 
13,019
494,982
First Merchants Corp
 
9,314
401,806
First Mid Bancshares Inc
 
3,625
188,826
Firstsun Capital Bancorp (b)
 
3,952
152,863
Five Star Bancorp
 
2,546
120,146
FNB Corp/PA
 
53,952
1,019,693
Franklin Financial Services Corp
 
640
40,422
Fulton Financial Corp
 
28,520
693,892
GBank Financial Holdings Inc (b)
 
1,530
31,855
German American Bancorp Inc
 
5,673
288,642
Great Southern Bancorp Inc
 
1,205
96,774
Hanmi Financial Corp
 
4,471
142,535
Heritage Financial Corp Wash
 
6,244
185,634
Hilltop Holdings Inc
 
6,173
243,463
Hingham Institution For Savings The (c)
 
297
84,698
Home Bancorp Inc
 
1,026
73,195
Home BancShares Inc/AR
 
28,152
874,683
HomeTrust Bancshares Inc
 
1,920
98,285
Hope Bancorp Inc
 
19,476
272,859
Horizon Bancorp Inc/IN
 
7,841
160,348
Independent Bank Corp
 
7,265
609,025
Independent Bank Corp/MI
 
3,131
119,604
International Bancshares Corp
 
8,109
620,663
Investar Holding Corp
 
1,748
52,650
Kearny Financial Corp/MD
 
8,913
85,476
Lakeland Financial Corp
 
3,922
245,713
Live Oak Bancshares Inc
 
5,352
229,066
Mechanics Bancorp Class A
 
7,591
127,453
Mercantile Bank Corp
 
2,596
155,968
Meridian Corp
 
1,446
28,399
Metrocity Bankshares Inc
 
3,214
113,711
Metropolitan Bank Holding Corp
 
1,664
153,887
Mid Penn Bancorp Inc
 
3,384
129,743
Midland States Bancorp Inc
 
3,179
107,037
MVB Financial Corp
 
1,807
55,385
National Bank Holdings Corp Class A
 
6,740
291,101
NB Bancorp Inc
 
5,659
130,214
Nbt Bancorp Inc
 
7,850
413,303
Nicolet Bankshares Inc
 
2,981
509,513
Northeast Bank
 
1,091
135,469
Northpointe Bancshares Inc
 
1,492
26,109
Northrim BanCorp Inc
 
3,346
88,702
Northwest Bancshares Inc
 
22,398
352,545
OceanFirst Financial Corp
 
13,533
261,322
Old Second Bancorp Inc
 
7,630
192,963
Origin Bancorp Inc
 
4,360
238,623
Orrstown Financial Services Inc
 
2,968
126,823
Park National Corp
 
2,425
504,764
Parke Bancorp Inc
 
1,460
49,859
Pathward Financial Inc
 
3,202
282,544
Peapack-Gladstone Financial Corp
 
2,358
108,421
Peoples Bancorp Inc/OH
 
5,461
227,505
Peoples Financial Services Corp
 
1,405
98,856
Preferred Bank/Los Angeles CA
 
1,655
172,848
Provident Financial Services Inc
 
19,711
486,467
QCR Holdings Inc
 
2,464
253,669
Red River Bancshares Inc
 
704
70,787
Renasant Corp
 
13,838
602,922
Republic Bancorp Inc/KY Class A
 
1,447
144,034
S&T Bancorp Inc
 
5,453
284,374
Seacoast Banking Corp of Florida
 
14,441
501,680
Shore Bancshares Inc
 
4,615
113,068
Sierra Bancorp
 
1,755
71,534
Simmons First National Corp Class A
 
22,163
522,825
SmartFinancial Inc
 
2,172
113,813
South Plains Financial Inc
 
2,131
95,554
Southern Financial Capital Trust III (b)
 
1,294
80,746
Southern Missouri Bancorp Inc
 
1,366
105,742
Southside Bancshares Inc
 
4,310
140,118
Stock Yards Bancorp Inc
 
4,130
351,463
Texas Capital Bancshares Inc
 
6,534
645,886
TFS Financial Corp
 
7,830
144,150
Third Coast Bancshares Inc (b)
 
2,218
97,237
Tompkins Financial Corp
 
1,912
190,894
Towne Bank/Portsmouth VA
 
12,941
490,593
TriCo Bancshares
 
4,815
277,055
Triumph Financial Inc (b)
 
3,429
260,364
TrustCo Bank Corp NY
 
2,642
150,541
Trustmark Corp
 
8,804
417,750
United Community Banks Inc/GA
 
18,018
638,558
Unity Bancorp Inc
 
976
57,477
Univest Financial Corp
 
4,181
184,967
WaFd Inc
 
11,105
408,331
Washington Trust Bancorp Inc
 
3,241
126,334
WesBanco Inc
 
14,746
610,189
Westamerica BanCorp
 
3,551
213,593
WSFS Financial Corp
 
7,793
624,999
 
 
 
40,180,984
Capital Markets - 2.9%
 
 
 
Acadian Asset Management Inc
 
3,952
341,808
AI Financial Corp (b)
 
23,351
9,616
Artisan Partners Asset Management Inc Class A
 
11,400
447,336
Bakkt Inc Class A (b)(c)
 
5,138
36,839
BGC Group Inc Class A
 
56,186
647,263
BRC Group Holdings Inc (b)
 
3,599
25,769
Cohen & Steers Inc
 
4,181
343,971
DigitalBridge Group Inc Class A
 
24,905
395,242
Donnelley Financial Solutions Inc (b)
 
3,870
183,051
Federated Hermes Inc Class B
 
10,880
652,365
Galaxy Digital Inc Class A (b)
 
29,113
611,664
GCM Grosvenor Inc Class A
 
9,068
113,169
Hamilton Lane Inc Class A
 
4,496
399,739
Innventure Inc (b)
 
8,139
26,208
Lazard Inc
 
17,248
730,970
Miami International Holdings Inc
 
4,964
233,507
Moelis & Co Class A
 
11,364
762,297
Oppenheimer Holdings Inc Class A
 
914
97,469
Perella Weinberg Partners Class A
 
11,039
194,838
Piper Sandler Cos
 
10,154
769,673
PJT Partners Inc Class A
 
3,928
661,122
Ridgepost Capital Inc Class A
 
9,983
86,053
StepStone Group Inc Class A
 
11,393
499,697
StoneX Group Inc (b)
 
16,327
1,250,158
TPG Inc Class A
 
20,853
910,442
Victory Capital Holdings Inc Class A
 
6,951
688,358
Virtu Financial Inc Class A
 
12,372
726,608
Virtus Invt Partners Inc
 
1,053
167,796
WisdomTree Inc
 
19,214
372,175
 
 
 
12,385,203
Consumer Finance - 1.4%
 
 
 
Atlanticus Holdings Corp (b)
 
831
87,662
Bread Financial Holdings Inc
 
6,076
656,633
Dave Inc Class A (b)
 
1,568
584,378
DeFi Development Corp (b)(c)
 
4,508
11,540
Encore Capital Group Inc (b)
 
3,209
301,903
Enova International Inc (b)
 
3,738
949,975
EZCORP Inc Class A (b)
 
8,797
261,887
Figure Technology Solutions Inc Class A
 
4,995
124,425
FirstCash Holdings Inc
 
5,821
1,187,542
Green Dot Corp Class A (b)
 
7,633
100,069
Happen Inc (b)
 
17,556
336,022
Jefferson Capital Inc
 
2,656
53,412
Lendingtree Inc (b)
 
1,824
58,113
Navient Corp
 
11,323
95,000
Nelnet Inc Class A
 
2,082
282,881
NerdWallet Inc Class A (b)
 
4,662
41,958
Oportun Financial Corp (b)
 
7,020
38,891
OppFi Inc Class A (b)
 
5,315
49,802
PRA Group Inc (b)
 
5,915
102,744
PROG Holdings Inc
 
6,142
270,371
Regional Management Corp
 
1,280
41,306
Upstart Holdings Inc (b)
 
13,012
357,049
World Acceptance Corp (b)
 
425
76,419
 
 
 
6,069,982
Financial Services - 2.0%
 
 
 
Alerus Financial Corp
 
3,819
127,058
Better Home & Finance Holding Co Class A (b)(c)
 
1,677
39,410
Cannae Holdings Inc
 
6,944
101,035
Cass Information Systems Inc
 
1,760
98,419
Enact Holdings Inc
 
4,238
200,542
Federal Agricultural Mortgage Corp Class C
 
1,460
332,296
Finance of America Cos Inc Class A (b)(c)
 
814
18,518
Flywire Corp (b)
 
13,549
216,919
HA Sustainable Infrastructure Capital Inc
 
19,432
735,890
International Money Express Inc (b)
 
4,361
51,721
Jackson Financial Inc
 
10,619
1,298,491
loanDepot Inc Class A (b)
 
32,808
32,191
Marqeta Inc Class A (b)
 
14,451
250,869
Merchants Bancorp/IN
 
4,414
243,565
NCR Atleos Corp (b)
 
11,050
519,682
NewtekOne Inc
 
4,753
70,487
NMI Holdings Inc (b)
 
11,409
505,419
Onity Group Inc (b)
 
1,154
42,306
Paymentus Holdings Inc Class A (b)
 
8,916
304,036
Payoneer Global Inc (b)
 
41,818
299,835
Paysign Inc (b)
 
5,792
51,896
PennyMac Financial Services Inc
 
4,516
340,552
Priority Technology Holdings Inc (b)
 
4,215
27,398
Radian Group Inc
 
20,432
796,644
Remitly Global Inc (b)
 
26,216
596,938
Repay Holdings Corp Class A (b)
 
11,405
45,620
Sezzle Inc (b)
 
2,558
395,851
Shift4 Payments Inc Class A (b)(c)
 
8,995
476,735
UWM Holdings Corp Class A (c)
 
48,306
87,917
Velocity Financial Inc (b)
 
1,333
23,380
Walker & Dunlop Inc
 
3,544
176,101
 
 
 
8,507,721
Insurance - 2.3%
 
 
 
Abacus Global Management Inc Class A (c)
 
4,758
49,055
American Coastal Insurance Corp
 
3,635
38,604
American Integrity Insurance Group Inc
 
1,030
20,899
Amerisafe Inc
 
926
26,891
Baldwin Insurance Group Inc/The Class A (b)
 
12,238
339,482
Bowhead Specialty Holdings Inc (b)
 
2,555
78,157
Brighthouse Financial Inc (b)
 
8,552
529,454
CNO Financial Group Inc
 
14,000
771,260
Donegal Group Inc Class A
 
2,660
52,508
Employers Holdings Inc
 
2,979
150,588
F&G Annuities & Life Inc
 
5,929
169,392
Genworth Financial Inc Class A (b)
 
57,254
562,807
Goosehead Insurance Inc Class A (b)
 
3,689
228,718
Greenlight Capital Re Ltd Class A (b)
 
3,735
62,188
Hagerty Inc Class A (b)
 
5,727
66,032
HCI Group Inc
 
1,586
277,566
Heritage Insurance Holdings Inc (b)
 
3,540
103,970
Hippo Holdings Inc (b)
 
3,233
101,678
Horace Mann Educators Corp
 
6,069
316,256
Investors Title Co
 
263
76,083
James River Group Holdings Inc
 
6,935
31,138
Kemper Corp
 
9,490
269,326
Kingstone Cos Inc
 
1,829
36,525
Lemonade Inc (b)
 
9,890
477,786
MBIA Inc (b)
 
6,542
33,495
Mercury General Corp
 
4,001
428,587
Neptune Insurance Holdings Inc Class A
 
4,088
129,630
Octave Specialty Group Inc (b)
 
7,549
40,765
Oscar Health Inc Class A (b)
 
33,372
1,041,874
Palomar Hldgs Inc (b)
 
4,067
544,124
Root Inc/OH Class A (b)
 
2,191
118,643
Safety Insurance Group Inc
 
2,261
233,765
Selectquote Inc (b)
 
22,634
16,907
SiriusPoint Ltd (b)
 
15,632
369,697
Skyward Specialty Insurance Group Inc (b)
 
5,783
346,691
Slide Insurance Holdings Inc (b)
 
3,267
65,242
Stewart Information Services Corp
 
4,732
319,836
Tiptree Inc Class A
 
3,901
69,321
Trupanion Inc (b)
 
3,214
78,711
TWFG Inc Class A (b)
 
2,413
64,668
United Fire Group Inc
 
3,314
170,207
Universal Insurance Holdings Inc
 
3,782
165,311
White Mountains Insurance Group Ltd
 
366
767,769
 
 
 
9,841,606
Mortgage Real Estate Investment Trusts (REITs) - 0.7%
 
 
 
Adamas Trust Inc
 
12,605
114,327
Arbor Realty Trust Inc (c)
 
9,226
46,222
Ares Commercial Real Estate Corp
 
10,923
46,532
ARMOUR Residential REIT Inc (c)
 
18,490
304,530
Brightspire Capital Inc Class A
 
22,466
112,555
Chimera Investment Corp
 
13,568
169,329
Claros Mortgage Trust Inc (b)
 
21,160
37,453
Dynex Capital Inc
 
34,452
437,885
Ellington Financial Inc
 
19,067
253,210
Franklin BSP Realty Trust Inc
 
2,138
16,227
Invesco Mortgage Capital Inc (c)
 
15,791
117,011
KKR Real Estate Select Trust Inc
 
10,371
72,182
Ladder Capital Corp Class A
 
17,593
168,189
MFA Financial Inc
 
18,243
166,194
Orchid Island Capital Inc (c)
 
32,955
213,878
Pennymac Mortgage Investment Trust
 
14,991
141,365
Ready Capital Corp
 
5,685
8,130
Redwood Trust Inc
 
22,686
103,675
TPG Mortgage Investment Trust Inc
 
5,815
40,531
TPG RE Finance Trust Inc
 
13,286
105,889
Two Harbors Investment Corp
 
16,467
199,086
 
 
 
2,874,400
TOTAL FINANCIALS
 
 
79,859,896
Health Care - 18.5%
 
 
 
Biotechnology - 8.9%
 
 
 
4D Molecular Therapeutics Inc (b)
 
6,182
62,933
Abeona Therapeutics Inc (b)
 
8,352
53,620
Absci Corp (b)
 
20,653
160,680
ACADIA Pharmaceuticals Inc (b)
 
19,088
493,807
Achieve Life Sciences Inc (b)(c)
 
12,486
80,160
ADMA Biologics Inc (b)
 
35,164
297,487
Agenus Inc (b)
 
6,714
50,355
Agios Pharmaceuticals Inc (b)
 
8,998
270,120
Akebia Therapeutics Inc (b)
 
42,420
55,994
Aldeyra Therapeutics Inc (b)
 
8,864
13,651
Alector Inc (b)
 
14,016
21,164
Allogene Therapeutics Inc (b)
 
43,507
81,793
Altimmune Inc (b)
 
30,070
85,399
AnaptysBio Inc (b)
 
3,101
165,469
Anavex Life Sciences Corp (b)
 
4,864
13,376
Anika Therapeutics Inc (b)
 
2,005
38,656
Annexon Inc (b)
 
23,345
118,943
Apogee Therapeutics Inc (b)
 
8,428
1,130,111
Arbutus Biopharma Corp (b)
 
24,184
104,959
Arcturus Therapeutics Holdings Inc (b)
 
3,985
22,954
Arcus Biosciences Inc (b)
 
13,044
367,710
Arcutis Biotherapeutics Inc (b)
 
17,121
459,870
Ardelyx Inc (b)
 
37,654
186,387
ArriVent Biopharma Inc (b)
 
5,265
157,002
ARS Pharmaceuticals Inc (b)(c)
 
10,244
52,552
Assembly Biosciences Inc (b)
 
1,791
44,972
Atrium Therapeutics Inc
 
2,598
29,487
aTyr Pharma Inc (b)(c)
 
19,962
9,696
Aura Biosciences Inc (b)
 
14,960
104,870
Beam Therapeutics Inc (b)
 
15,073
384,663
Bicara Therapeutics Inc (b)
 
6,434
174,361
BioCryst Pharmaceuticals Inc (b)
 
37,241
334,424
Biohaven Ltd (b)
 
19,612
264,762
Biomea Fusion Inc (b)(c)
 
10,399
12,167
Black Diamond Therapeutics Inc (b)
 
8,280
13,993
C4 Therapeutics Inc (b)
 
14,239
49,552
Cabaletta Bio Inc (b)
 
25,464
68,244
Candel Therapeutics Inc (b)(c)
 
8,804
88,128
Capricor Therapeutics Inc (b)
 
7,732
29,768
Cardiff Oncology Inc (b)(c)
 
13,515
11,561
CareDx Inc (b)
 
7,782
340,151
Caribou Biosciences Inc (b)
 
14,853
21,685
Cartesian Therapeutics Inc rights (b)(d)
 
15,874
4,603
Celcuity Inc (b)(c)
 
5,744
496,167
Celldex Therapeutics Inc (b)
 
11,871
451,810
CG oncology Inc (b)
 
11,306
804,874
Chinook Therapeutics Inc rights (b)(d)
 
702
0
Cogent Biosciences Inc (b)
 
25,668
999,255
Coherus Oncology Inc (b)
 
23,497
33,131
Compass Therapeutics Inc (b)
 
24,537
46,866
Corbus Pharmaceuticals Holdings Inc (b)
 
2,761
24,766
Corvus Pharmaceuticals Inc (b)
 
11,132
147,610
Cullinan Therapeutics Inc (b)
 
8,184
135,036
CytomX Therapeutics Inc (b)
 
27,900
86,490
Denali Therapeutics Inc (b)
 
22,793
524,695
Design Therapeutics Inc (b)
 
4,883
59,475
DiaMedica Therapeutics Inc (b)
 
4,780
30,305
Dianthus Therapeutics Inc (b)
 
5,998
641,306
Disc Medicine Inc (b)
 
4,855
373,835
Dyne Therapeutics Inc (b)
 
22,225
559,626
Editas Medicine Inc (b)
 
14,750
38,055
Eledon Pharmaceuticals Inc (b)
 
11,587
39,164
Emergent BioSolutions Inc (b)
 
8,101
58,489
Enanta Pharmaceuticals Inc (b)
 
4,046
50,980
Entrada Therapeutics Inc (b)
 
3,990
27,092
Erasca Inc (b)
 
36,132
655,796
Evommune Inc
 
1,912
21,510
Fate Therapeutics Inc (b)
 
16,453
40,310
First Tracks Biotherapeutics Inc
 
4,105
180,784
Galectin Therapeutics Inc (b)(c)
 
8,649
25,688
Geron Corp (b)
 
82,942
106,995
Gossamer Bio Inc (b)
 
35,839
6,075
GRAIL Inc (b)
 
4,944
338,961
Heron Therapeutics Inc (b)(c)
 
33,418
16,582
Humacyte Inc Class A (b)(c)
 
30,744
20,088
Ideaya Biosciences Inc (b)
 
14,116
501,118
Immunic Inc (b)
 
2,207
30,832
ImmunityBio Inc (b)(c)
 
48,766
349,652
Immunome Inc (b)
 
16,116
366,800
Immunovant Inc (b)
 
11,620
448,764
Inhibrx Biosciences Inc (b)
 
1,452
119,137
Intellia Therapeutics Inc (b)
 
21,237
226,811
Iovance Biotherapeutics Inc (b)(c)
 
56,882
231,510
Ironwood Pharmaceuticals Inc Class A (b)
 
21,839
92,379
Jade Biosciences Inc (b)
 
6,429
126,973
Janux Therapeutics Inc (b)
 
7,305
110,817
Keros Therapeutics Inc (b)
 
2,981
30,019
Kodiak Sciences Inc (b)
 
6,195
257,588
Korro Bio Inc (b)
 
1,951
20,232
Krystal Biotech Inc (b)
 
3,946
1,346,060
Kura Oncology Inc (b)
 
13,529
121,896
Kymera Therapeutics Inc (b)
 
9,545
986,953
Kyverna Therapeutics Inc (b)
 
6,020
43,946
Larimar Therapeutics Inc (b)
 
9,678
36,970
Lexeo Therapeutics Inc (b)
 
10,055
41,527
Lineage Cell Therapeutics Inc (b)(c)
 
39,527
42,689
Lyell Immunopharma Inc (b)
 
2,355
30,474
MacroGenics Inc (b)
 
8,766
32,347
MannKind Corp (b)
 
47,088
184,114
MapLight Therapeutics Inc
 
2,892
37,654
MiMedx Group Inc (b)
 
17,811
73,559
Mineralys Therapeutics Inc (b)
 
9,646
246,166
Mirum Pharmaceuticals Inc (b)
 
7,258
768,985
Monopar Therapeutics Inc (b)(c)
 
595
64,468
Monte Rosa Therapeutics Inc (b)
 
10,284
169,892
Myriad Genetics Inc (b)
 
13,760
39,354
Neurogene Inc (b)
 
1,710
56,242
Nkarta Inc (b)
 
9,132
19,086
Novavax Inc (b)(c)
 
25,089
183,651
Nurix Therapeutics Inc (b)
 
14,697
341,117
Ocugen Inc (b)(c)
 
52,449
64,512
Olema Pharmaceuticals Inc (b)
 
8,763
100,336
OmniAb Operations Inc $12.5 earnout shares (b)(d)
 
613
232
OmniAb Operations Inc $15 earnout shares (b)(d)
 
613
157
Oncternal Therapeutics Inc rights (b)(d)
 
19
0
Organogenesis Holdings Inc Class A (b)
 
11,626
27,554
ORIC Pharmaceuticals Inc (b)
 
12,534
138,751
Oruka Therapeutics Inc (b)
 
7,646
737,915
Palvella Therapeutics Inc (b)
 
1,489
207,031
Perspective Therapeutics Inc (b)
 
13,727
39,946
Precigen Inc (b)
 
26,721
167,541
Prime Medicine Inc (b)
 
17,581
51,337
ProKidney Corp Class A (b)(c)
 
17,415
26,819
Protagonist Therapeutics Inc (b)
 
9,084
1,241,238
Protara Therapeutics Inc (b)
 
8,096
31,736
PTC Therapeutics Inc (b)
 
12,492
849,581
Puma Biotechnology Inc (b)
 
5,974
47,374
Recursion Pharmaceuticals Inc Class A (b)(c)
 
78,175
234,525
REGENXBIO Inc (b)
 
7,461
72,297
Relay Therapeutics Inc (b)
 
25,486
479,901
Replimune Group Inc (b)
 
11,517
128,990
Rezolute Inc (b)
 
13,530
63,862
Rhythm Pharmaceuticals Inc (b)
 
9,396
932,553
Rigel Pharmaceuticals Inc (b)
 
2,796
102,921
Rocket Pharmaceuticals Inc (b)
 
4,756
14,791
Sagimet Biosciences Inc Class A (b)
 
8,901
63,286
Sana Biotechnology Inc (b)
 
26,394
82,613
Savara Inc (b)
 
20,683
112,929
Scholar Rock Holding Corp (b)
 
14,994
709,141
SELLAS Life Sciences Group Inc (b)(c)
 
28,180
282,082
Sionna Therapeutics Inc (b)
 
2,238
105,477
Solid Biosciences Inc (b)
 
10,389
83,735
Spyre Therapeutics Inc (b)
 
11,650
1,145,545
Stoke Therapeutics Inc (b)
 
8,420
243,001
Summit Therapeutics Inc (b)
 
23,553
306,660
Syndax Pharmaceuticals Inc (b)
 
13,384
254,965
Tango Therapeutics Inc (b)
 
18,691
508,021
Taysha Gene Therapies Inc (b)
 
39,897
233,796
Tectonic Therapeutic Inc (b)
 
1,551
43,475
TG Therapeutics Inc (b)
 
19,868
1,033,732
Tonix Pharmaceuticals Holding Corp (b)(c)
 
2,610
26,126
Travere Therapeutics Inc (b)
 
13,976
781,119
Twist Bioscience Corp (b)
 
9,396
860,204
Tyra Biosciences Inc (b)
 
4,459
142,153
Ultragenyx Pharmaceutical Inc (b)
 
14,875
370,536
Upstream Bio Inc (b)
 
2,015
12,715
Vanda Pharmaceuticals Inc (b)
 
9,522
48,562
Vaxcyte Inc (b)
 
19,805
1,071,054
Vera Therapeutics Inc Class A (b)
 
9,995
320,840
Veracyte Inc (b)
 
12,005
556,072
Verastem Inc (b)
 
12,762
74,020
Vericel Corp (b)
 
7,682
353,065
Vir Biotechnology Inc (b)
 
18,541
160,565
Viridian Therapeutics Inc (b)
 
14,867
281,284
Voyager Therapeutics Inc (b)
 
7,417
22,474
Xencor Inc (b)
 
11,258
227,524
Zenas Biopharma Inc (b)
 
5,770
181,409
 
 
 
37,813,917
Health Care Equipment & Supplies - 2.3%
 
 
 
Alphatec Holdings Inc (b)
 
18,112
172,426
AngioDynamics Inc (b)
 
6,228
92,112
Anteris Technologies Global Corp (b)
 
11,554
90,583
Artivion Inc (b)
 
6,680
179,224
AtriCure Inc (b)
 
7,737
292,149
Axogen Inc (b)
 
7,991
337,300
Beta Bionics Inc (b)
 
6,241
80,072
Bioventus Inc (b)
 
7,019
92,440
Butterfly Network Inc Class A (b)
 
32,185
228,835
Ceribell Inc (b)
 
3,266
57,776
Cerus Corp (b)
 
30,160
64,844
ClearPoint Neuro Inc (b)
 
4,667
69,725
CONMED Corp
 
4,719
218,490
CVRx Inc (b)
 
3,158
16,343
Delcath Systems Inc (b)
 
3,959
48,379
Electromed Inc (b)
 
1,047
42,644
Embecta Corp
 
517
1,881
Enovis Corp (b)
 
8,845
257,832
Glaukos Corp (b)
 
8,872
1,479,140
Haemonetics Corp (b)
 
7,051
603,143
Inogen Inc (b)
 
4,039
26,052
Inspire Medical Systems Inc (b)
 
4,041
202,899
Integer Holdings Corp (b)
 
5,167
626,292
Integra LifeSciences Holdings Corp (b)
 
10,190
169,664
iRadimed Corp
 
1,214
110,304
Kestra Medical Technologies Ltd (b)
 
2,899
66,184
LeMaitre Vascular Inc
 
3,189
323,109
Merit Medical Systems Inc (b)
 
9,088
772,571
Microbot Medical Inc (b)
 
11,851
20,384
Neogen Corp (b)
 
32,703
393,744
NeuroPace Inc (b)
 
3,696
47,641
Novocure Ltd (b)
 
16,062
238,360
Omnicell Inc (b)
 
6,913
244,513
OraSure Technologies Inc (b)
 
11,090
44,915
Orthofix Medical Inc (b)
 
6,348
74,906
OrthoPediatrics Corp (b)
 
2,594
52,373
Procept Biorobotics Corp (b)
 
5,587
104,030
Pulse Biosciences Inc (b)(c)
 
2,804
98,505
QuidelOrtho Corp (b)
 
10,458
175,381
RxSight Inc (b)
 
5,909
35,513
SANUWAVE Health Inc (b)
 
1,454
8,970
Senseonics Holdings Inc (b)
 
7,730
38,882
SI-BONE Inc (b)
 
6,062
107,661
Sight Sciences Inc (b)
 
5,287
27,810
STAAR Surgical Co (b)
 
7,624
185,721
Stereotaxis Inc (b)
 
14,560
18,346
Streamex Corp (b)(c)
 
18,688
13,266
Tactile Systems Technology Inc (b)
 
3,397
95,693
Tandem Diabetes Care Inc (b)
 
10,473
204,224
TransMedics Group Inc (b)
 
5,286
404,432
UFP Technologies Inc (b)(c)
 
1,180
300,640
Varex Imaging Corp (b)
 
6,340
70,945
 
 
 
9,729,268
Health Care Providers & Services - 2.6%
 
 
 
Accendra Health Inc (b)
 
3,500
10,815
AdaptHealth Corp (b)
 
16,478
177,962
Addus HomeCare Corp (b)
 
2,829
326,693
agilon health Inc (b)
 
1,904
174,425
Alignment Healthcare Inc (b)
 
25,117
372,987
AMN Healthcare Services Inc (b)
 
5,927
199,325
Ardent Health Inc (b)
 
3,972
42,381
Astrana Health Inc (b)
 
6,466
229,931
Aveanna Healthcare Holdings Inc (b)
 
11,053
103,788
BrightSpring Health Services Inc (b)
 
23,790
1,420,501
Brookdale Senior Living Inc (b)
 
35,812
522,855
Castle Biosciences Inc (b)
 
4,699
131,572
Clover Health Investments Corp Class A (b)
 
60,986
254,312
Community Health Systems Inc (b)
 
18,359
51,222
Concentra Group Holdings Parent Inc
 
17,861
565,301
CorVel Corp (b)
 
4,812
289,009
Fulgent Genetics Inc (b)
 
3,146
52,066
GeneDx Holdings Corp Class A (b)
 
3,380
220,072
Guardian Pharmacy Services Inc Class A (b)
 
4,216
166,658
Hims & Hers Health Inc Class A (b)(c)
 
32,111
891,722
Hinge Health Inc Class A (b)
 
4,815
359,729
Infusystem Holdings Inc (b)
 
3,014
27,548
LifeStance Health Group Inc (b)
 
34,445
360,984
National HealthCare Corp
 
1,880
424,936
NeoGenomics Inc (b)
 
19,585
299,455
NRC Health Class A
 
2,015
39,313
Nutex Health Inc (b)
 
773
113,963
Oncology Institute Inc/The (b)
 
10,879
52,872
OPKO Health Inc (b)
 
63,845
84,275
PACS Group Inc (b)
 
6,662
306,519
Pediatrix Medical Group Inc (b)
 
12,074
320,082
Pennant Group Inc/The (b)
 
5,219
210,430
Privia Health Group Inc (b)
 
17,854
422,604
Progyny Inc (b)
 
11,097
345,450
RadNet Inc (b)
 
10,750
685,635
Sonida Senior Living Inc (b)
 
4,685
189,087
Strata Critical Medical Inc (b)
 
3,755
18,850
Surgery Partners Inc (b)
 
6,488
99,915
Talkspace Inc Class A (b)
 
21,261
110,982
US Physical Therapy Inc
 
2,388
188,795
Viemed Healthcare Inc (b)
 
5,024
58,630
 
 
 
10,923,651
Health Care Technology - 0.3%
 
 
 
Certara Inc (b)
 
18,715
151,592
Claritev Corp Class A (b)(c)
 
1,269
28,819
Evolent Health Inc Class A (b)
 
8,753
27,047
GoodRx Holdings Inc Class A (b)
 
15,014
46,093
Health Catalyst Inc (b)
 
12,273
25,650
HealthStream Inc
 
3,597
100,860
HeartFlow Inc (b)
 
2,824
71,250
LifeMD Inc (b)
 
7,027
24,594
OptimizeRx Corp (b)
 
3,335
20,176
Phreesia Inc (b)
 
8,355
89,649
Schrodinger Inc/United States (b)
 
9,057
137,123
Simulations Plus Inc (b)
 
2,720
49,586
Teladoc Health Inc (b)
 
27,715
185,968
Waystar Holding Corp (b)
 
17,745
374,597
 
 
 
1,333,004
Life Sciences Tools & Services - 0.8%
 
 
 
10X Genomics Inc Class A (b)
 
17,640
833,843
Adaptive Biotechnologies Corp (b)
 
18,653
420,998
Azenta Inc (b)
 
6,355
178,766
BioLife Solutions Inc (b)
 
6,084
190,308
Codexis Inc (b)
 
13,274
18,584
CryoPort Inc (b)
 
7,744
116,857
Cytek Biosciences Inc (b)
 
17,436
73,580
Fortrea Holdings Inc (b)
 
14,367
275,415
Ginkgo Bioworks Holdings Inc Class A (b)
 
7,555
61,120
Lifecore Biomedical Inc (b)
 
6,216
27,475
Maravai LifeSciences Holdings Inc Class A (b)
 
19,227
126,321
MaxCyte Inc (b)
 
18,120
19,026
Mesa Laboratories Inc
 
869
87,604
Pacific Biosciences of California Inc (b)
 
44,803
62,724
Personalis Inc (b)
 
10,614
134,373
Quanterix Corp (b)
 
1,852
6,444
Quantum-Si Inc Class A (b)(c)
 
31,149
22,191
Sotera Health Co (b)
 
39,996
714,329
Standard BioTools Inc (b)
 
50,526
43,857
 
 
 
3,413,815
Pharmaceuticals - 3.6%
 
 
 
Aclaris Therapeutics Inc (b)
 
18,877
98,160
Alumis Inc (b)
 
12,806
361,770
Amneal Intermediate Inc Class A (b)
 
25,899
474,470
Amphastar Pharmaceuticals Inc (b)
 
5,267
105,024
Amylyx Pharmaceuticals Inc (b)
 
12,865
261,288
ANI Pharmaceuticals Inc (b)
 
2,744
217,435
Aquestive Therapeutics Inc (b)
 
14,476
53,489
Arvinas Inc (b)
 
5,718
45,916
AtaiBeckley Inc (b)
 
29,659
212,952
Atea Pharmaceuticals Inc (b)
 
11,445
53,792
Axsome Therapeutics Inc (b)
 
6,494
1,415,627
BioAge Labs Inc (b)
 
4,815
43,528
Collegium Pharmaceutical Inc (b)
 
4,952
175,251
Contineum Therapeutics Inc Class A (b)
 
3,938
61,000
CorMedix Inc (b)(c)
 
11,345
85,428
Crinetics Pharmaceuticals Inc (b)
 
15,918
1,329,471
Definium Therapeutics Inc (b)
 
19,496
848,466
Edgewise Therapeutics Inc (b)
 
11,326
435,258
Enliven Therapeutics Inc (b)
 
8,237
451,470
Eton Pharmaceuticals Inc (b)
 
3,538
164,234
Evolus Inc (b)
 
10,319
60,263
EyePoint Inc (b)
 
12,073
147,894
Filana Therapeutics Inc (b)
 
10,049
10,148
Fulcrum Therapeutics Inc (b)
 
7,972
28,540
Harmony Biosciences Holdings Inc (b)
 
6,099
214,929
Harrow Inc (b)
 
5,042
195,478
Indivior Pharmaceuticals Inc
 
18,326
733,223
Innoviva Inc (b)
 
10,574
221,737
LB Pharmaceuticals Inc
 
3,675
147,294
Lexicon Pharmaceuticals Inc (b)
 
34,152
78,891
Ligand Pharmaceuticals Inc (b)
 
3,014
866,646
Liquidia Corp (b)
 
10,561
888,286
Maze Therapeutics Inc (b)
 
4,225
113,737
MBX Biosciences Inc (b)
 
4,012
264,511
Nektar Therapeutics (b)
 
5,115
361,477
Neumora Therapeutics Inc (b)
 
16,255
26,171
Novartis AG rights (b)(d)
 
7,778
0
Nuvation Bio Inc Class A (b)
 
36,653
232,013
Ocular Therapeutix Inc (b)
 
26,789
218,866
Omeros Corp (b)(c)
 
10,875
128,760
Organon & Co
 
39,687
537,759
Pacira BioSciences Inc (b)
 
6,019
158,962
Perrigo Co PLC
 
21,899
221,399
Phathom Pharmaceuticals Inc (b)
 
7,833
68,539
Phibro Animal Health Corp Class A
 
3,259
118,399
Prestige Consumer Healthcare Inc (b)
 
7,279
365,551
Rapport Therapeutics Inc (b)
 
4,325
177,239
Septerna Inc (b)
 
3,459
119,163
SIGA Technologies Inc
 
7,524
24,602
Supernus Pharmaceuticals Inc (b)
 
8,741
390,111
Tarsus Pharmaceuticals Inc (b)
 
5,993
353,827
Theravance Biopharma Inc (b)
 
5,725
96,524
Third Harmonic Bio Inc (b)(d)
 
4,575
0
Trevi Therapeutics Inc (b)
 
17,726
323,500
WaVe Life Sciences Ltd (b)
 
23,314
128,460
Xeris Biopharma Holdings Inc (b)
 
25,909
209,345
Zevra Therapeutics Inc (b)
 
9,094
86,484
 
 
 
15,212,757
TOTAL HEALTH CARE
 
 
78,426,412
Industrials - 15.3%
 
 
 
Aerospace & Defense - 1.8%
 
 
 
AAR Corp (b)
 
5,898
825,957
AeroVironment Inc (b)(c)
 
4,899
731,764
AerSale Corp (b)
 
4,787
29,679
AIRO Group Holdings Inc (b)
 
1,887
12,718
Archer Aviation Inc Class A (b)
 
97,561
452,683
Astronics Corp (b)(c)
 
5,786
402,069
Byrna Technologies Inc (b)
 
3,540
16,107
Cadre Holdings Inc
 
4,704
145,024
Ducommun Inc (b)
 
2,084
373,078
Eve Holding Inc Class A (b)
 
16,050
37,236
Innovative Solutions And Support Inc (b)
 
2,009
36,745
Intuitive Machines Inc Class A (b)
 
19,185
236,743
Leonardo DRS Inc
 
11,649
536,436
Loar Holdings Inc (b)
 
5,347
366,002
Mercury Systems Inc (b)
 
7,952
772,139
National Presto Industries Inc
 
793
96,286
Park Aerospace Corp
 
2,739
92,852
Red Cat Holdings Inc (b)(c)
 
20,151
151,737
Redwire Corp Class A (b)
 
17,110
147,488
StandardAero Inc (b)
 
28,466
834,339
V2X Inc (b)
 
3,060
276,134
Virgin Galactic Holdings Inc Class A (b)(c)
 
15,943
40,655
Voyager Technologies Inc Class A (b)
 
2,070
50,777
VSE Corp
 
4,239
824,019
 
 
 
7,488,667
Air Freight & Logistics - 0.1%
 
 
 
Forward Air Corp Class Common Stock (b)
 
3,330
46,787
Hub Group Inc Class A
 
9,244
430,123
 
 
 
476,910
Building Products - 1.2%
 
 
 
AAON Inc
 
10,264
914,112
Apogee Enterprises Inc
 
3,275
129,690
AZZ Inc
 
4,486
649,214
CSW Industrials Inc
 
2,490
794,136
Gibraltar Industries Inc (b)
 
4,545
192,072
Griffon Corp
 
5,767
496,942
Hayward Holdings Inc (b)
 
29,944
453,053
Insteel Industries Inc
 
3,055
93,636
Janus International Group Inc (b)
 
21,253
109,028
JELD-WEN Holding Inc (b)
 
15,934
22,626
Masterbrand Inc (b)
 
31,173
257,177
Quanex Building Products Corp
 
7,034
125,487
Resideo Technologies Inc (b)
 
21,028
721,260
Tecnoglass Holdings Inc
 
3,789
164,594
 
 
 
5,123,027
Commercial Services & Supplies - 1.6%
 
 
 
ABM Industries Inc
 
8,807
421,943
ACCO Brands Corp
 
16,180
68,280
ACV Auctions Inc Class A (b)
 
26,231
196,470
Brady Corp Class A
 
6,572
619,542
BrightView Holdings Inc (b)
 
10,344
134,886
Brink's Co/The
 
6,224
737,234
CoreCivic Inc (b)
 
14,841
443,746
Deluxe Corp
 
6,917
178,943
Ennis Inc
 
3,939
85,870
GEO Group Inc/The (b)
 
19,782
611,066
Healthcare Services Group Inc (b)
 
10,335
240,806
HNI Corp
 
10,634
478,636
Interface Inc
 
8,728
299,021
Liquidity Services Inc (b)
 
3,573
139,276
MillerKnoll Inc
 
10,500
236,460
Onterris Inc (b)
 
5,198
109,106
OPENLANE Inc (b)
 
15,908
632,502
Perma-Fix Environmental Services Inc (b)
 
2,762
45,849
Pitney Bowes Inc
 
18,725
328,249
Quad/Graphics Inc Class A
 
4,691
48,739
UniFirst Corp/MA
 
2,182
639,282
Vestis Corp (b)
 
16,865
243,868
 
 
 
6,939,774
Construction & Engineering - 1.5%
 
 
 
Ameresco Inc Class A (b)
 
4,728
99,619
Arcosa Inc
 
7,378
1,071,286
Bowman Consulting Group Ltd (b)
 
2,183
58,614
Centuri Holdings Inc (b)
 
12,769
355,489
Construction Partners Inc Class A (b)
 
7,265
750,838
Granite Construction Inc
 
6,571
794,894
IES Holdings Inc (b)
 
1,320
982,793
Legence Corp Class A
 
7,974
509,778
Limbach Holdings Inc (b)
 
1,750
125,475
Matrix Service Co (b)
 
4,233
49,102
MYR Group Inc (b)
 
2,343
780,734
NWPX Infrastructure Inc (b)
 
1,449
178,343
Orion Group Holdings Inc (b)
 
5,823
56,949
Terrestrial Energy Inc Class A (b)(c)
 
8,543
41,945
Tutor Perini Corp
 
6,645
556,519
 
 
 
6,412,378
Electrical Equipment - 1.4%
 
 
 
Allient Inc
 
2,248
196,610
American Superconductor Corp (b)
 
7,369
216,428
Amprius Technologies Inc (b)
 
21,561
206,986
Array Technologies Inc (b)
 
13,577
70,872
Atkore Inc
 
5,211
380,195
Babcock & Wilcox Enterprises Inc (b)
 
17,681
164,787
Blink Charging Co (b)
 
26,634
13,769
ChargePoint Holdings Inc Class A (b)(c)
 
4,004
21,862
Energy Vault Holdings Inc Class A (b)
 
17,726
50,519
EnerSys
 
5,539
1,030,531
Enovix Corp Class B (b)(c)
 
30,794
125,947
Eos Energy Enterprises Inc (b)(c)
 
43,149
145,844
Fluence Energy Inc Class A (b)(c)
 
12,944
180,310
FuelCell Energy Inc (b)
 
7,967
172,167
GrafTech International Ltd (b)
 
2,804
18,842
Hyliion Holdings Corp Class A (b)
 
19,274
68,615
KULR Technology Group Inc (b)(c)
 
7,617
20,185
LSI Industries Inc
 
5,497
128,575
NANO Nuclear Energy Inc (b)(c)
 
6,115
97,290
NeoVolta Inc (b)
 
6,417
13,539
NuScale Power Corp Class A (b)
 
33,225
279,755
Plug Power Inc (b)(c)
 
211,903
436,520
Powell Industries Inc
 
4,275
892,107
Power Solutions International Inc (b)
 
1,108
30,592
Preformed Line Products Co
 
390
139,222
SES AI Corp Class A (b)
 
44,934
24,732
Shoals Technologies Group Inc (b)
 
25,516
223,010
Vicor Corp (b)
 
3,527
731,394
 
 
 
6,081,205
Ground Transportation - 0.4%
 
 
 
ArcBest Corp
 
3,374
487,038
Avis Budget Group Inc (b)
 
2,576
354,046
Covenant Logistics Group Inc Class A
 
2,273
80,737
Ftai Infrastructure Inc
 
18,158
67,729
Heartland Express Inc
 
6,854
83,824
Hertz Global Holdings Inc (b)(c)
 
18,836
29,855
Marten Transport Ltd
 
8,772
129,738
Proficient Auto Logistics Inc (b)
 
3,937
26,929
Schneider National Inc Class B
 
7,499
268,014
Werner Enterprises Inc
 
9,134
341,794
 
 
 
1,869,704
Machinery - 4.0%
 
 
 
3D Systems Corp (b)
 
14,476
38,217
AirJoule Technologies Corp Class A (b)
 
5,451
23,058
Alamo Group Inc
 
1,705
271,231
Albany International Corp Class A
 
4,292
319,797
Alliance Laundry Holdings Inc
 
5,658
149,201
Astec Industries Inc
 
3,472
175,892
Atmus Filtration Technologies Inc
 
12,275
633,758
Blue Bird Corp (b)
 
4,763
354,320
CECO Environmental Corp (b)
 
8,016
528,174
Columbus McKinnon Corp/NY
 
2,044
39,183
Douglas Dynamics Inc
 
3,501
154,499
Energy Recovery Inc (b)
 
8,669
74,987
Enerpac Tool Group Corp Class A
 
7,743
276,735
Enpro Inc
 
3,176
997,010
Esab Corp
 
8,736
755,926
ESCO Technologies Inc
 
3,894
1,227,739
Federal Signal Corp
 
9,219
1,151,914
Franklin Electric Co Inc
 
5,728
599,836
FreightCar America Inc (b)
 
2,172
17,311
Gates Industrial Corp Ltd
 
38,328
1,072,417
Gorman-Rupp Co/The
 
3,142
255,099
Graham Corp (b)
 
1,649
158,139
Greenbrier Cos Inc/The
 
4,640
228,520
Helios Technologies Inc
 
4,972
387,369
Hillman Solutions Corp (b)
 
29,440
231,693
Hyster-Yale Inc Class A
 
1,851
61,879
JBT Marel Corp
 
7,860
1,088,374
Kadant Inc
 
1,798
552,885
Kennametal Inc
 
11,614
394,528
Lindsay Corp
 
1,651
182,964
Manitowoc Co Inc/The (b)
 
5,385
74,582
Mayville Engineering Co Inc (b)
 
2,194
56,320
Microvast Holdings Inc (b)
 
34,804
28,090
Miller Industries Inc/TN
 
1,713
86,164
Mueller Water Products Inc Class A1
 
23,530
593,897
Palladyne AI Corp Class A (b)(c)
 
5,968
31,213
Perma-Pipe International Holdings Inc (b)
 
1,326
32,023
Proto Labs Inc (b)
 
3,587
269,204
Richtech Robotics Inc Class B (b)(c)
 
25,475
36,175
Standex International Corp
 
1,821
539,927
Symbotic Inc Class A (b)
 
9,063
390,162
Taylor Devices Inc (b)
 
522
26,794
Tennant CO
 
2,564
215,453
Terex Corp
 
17,282
1,086,001
Titan International Inc (b)
 
8,014
57,861
Trinity Industries Inc
 
11,956
373,505
Velo3D Inc Class A (b)
 
2,644
26,784
Wabash National Corp
 
6,406
80,459
Worthington Enterprises Inc
 
4,699
264,131
 
 
 
16,671,400
Marine Transportation - 0.0%
 
 
 
Genco Shipping & Trading Ltd
 
5,840
149,154
Pangaea Logistics Solutions Ltd
 
5,225
39,761
 
 
 
188,915
Passenger Airlines - 0.4%
 
 
 
Allegiant Travel Co (b)
 
3,375
331,020
Frontier Group Holdings Inc (b)
 
8,972
60,561
JetBlue Airways Corp (b)
 
46,069
277,796
Joby Aviation Inc Class A (b)
 
37,570
268,626
SkyWest Inc (b)
 
5,965
638,076
 
 
 
1,576,079
Professional Services - 1.7%
 
 
 
Alight Inc Class A
 
903
15,333
Amentum Holdings Inc (b)
 
23,491
521,500
Barrett Business Services Inc
 
3,905
152,451
BlackSky Technology Inc Class A (b)
 
4,847
111,723
Cbiz Inc (b)
 
7,510
413,651
Clarivate PLC (b)
 
67,509
133,668
Concentrix Corp (c)
 
6,997
172,126
Conduent Inc (b)
 
25,654
40,277
CRA International Inc
 
1,033
184,938
First Advantage Corp (b)
 
12,065
239,370
Franklin Covey Co (b)
 
1,541
33,054
Huron Consulting Group Inc (b)
 
2,392
363,034
ICF International Inc
 
2,897
234,425
Innodata Inc (b)
 
4,960
311,637
Insperity Inc
 
5,635
285,187
Kelly Services Inc Class A
 
5,237
77,717
Kforce Inc
 
2,512
142,606
Korn Ferry
 
8,046
661,944
Legalzoom.com Inc (b)
 
17,940
141,188
ManpowerGroup Inc
 
7,250
380,045
Mistras Group Inc (b)
 
2,725
41,447
Parsons Corp (b)
 
8,192
362,168
Resolute Holdings Management Inc (b)
 
534
66,088
Resources Connection Inc
 
6,883
30,079
Spire Global Inc Class A (b)
 
5,582
63,970
TIC Solutions Inc (b)
 
27,783
203,094
TriNet Group Inc
 
4,454
293,207
TrueBlue Inc (b)
 
4,869
34,473
UL Solutions Inc Class A
 
11,769
1,078,511
Upwork Inc (b)
 
19,447
178,135
Verra Mobility Corp Class A (b)
 
380
2,009
Willdan Group Inc (b)
 
2,218
152,000
 
 
 
7,121,055
Trading Companies & Distributors - 1.2%
 
 
 
Alta Equipment Group Inc Class A (b)
 
3,319
21,839
BlueLinx Holdings Inc (b)
 
1,269
68,805
Boise Cascade Co
 
5,415
413,598
Custom Truck One Source Inc Class A (b)
 
9,168
93,055
DNOW Inc (b)
 
27,750
391,830
DXP Enterprises Inc/TX (b)
 
1,884
295,826
Global Industrial Co
 
2,152
76,912
Herc Holdings Inc
 
4,666
700,553
Hudson Technologies Inc (b)
 
5,996
36,216
Karat Packaging Inc
 
1,337
53,801
McGrath RentCorp
 
3,689
424,788
MSC Industrial Direct Co Inc Class A
 
6,896
850,967
NPK International Inc (b)
 
12,689
158,486
Rush Enterprises Inc Class A
 
9,172
731,834
Titan Machinery Inc (b)
 
3,158
53,654
Transcat Inc (b)
 
1,429
121,994
Willis Lease Finance Corp
 
1,419
101,217
Xometry Inc Class A (b)
 
7,219
618,813
 
 
 
5,214,188
TOTAL INDUSTRIALS
 
 
65,163,302
Information Technology - 13.9%
 
 
 
Communications Equipment - 1.4%
 
 
 
ADTRAN Holdings Inc (b)
 
11,418
97,167
Applied Optoelectronics Inc (b)
 
11,392
1,074,493
Aviat Networks Inc (b)
 
1,885
38,605
BK Technologies Corp (b)
 
565
45,200
Calix Inc (b)
 
8,858
318,002
Clearfield Inc (b)
 
1,784
53,984
Digi International Inc (b)
 
5,662
394,755
Extreme Networks Inc (b)
 
19,646
592,130
Harmonic Inc (b)
 
16,329
188,600
Lantronix Inc (b)
 
5,591
30,080
Netgear Inc (b)
 
4,119
99,515
NetScout Systems Inc (b)
 
10,200
414,834
Ondas Inc (b)(c)
 
74,874
560,806
Ribbon Communications Inc (b)
 
15,412
32,982
Viasat Inc (b)(c)
 
20,492
1,576,450
Vistance Networks Inc
 
33,876
397,704
 
 
 
5,915,307
Electronic Equipment, Instruments & Components - 3.1%
 
 
 
908 Devices Inc (b)
 
4,331
34,691
Aeva Technologies Inc (b)
 
4,492
78,790
Arlo Technologies Inc (b)
 
16,523
243,219
Avnet Inc
 
12,343
1,096,552
Badger Meter Inc
 
4,426
594,633
Bel Fuse Inc Class A
 
246
54,890
Bel Fuse Inc Class B
 
1,822
495,529
Belden Inc
 
5,900
731,895
Benchmark Electronics Inc
 
5,399
430,678
Climb Global Solutions Inc
 
2,575
69,036
Crane NXT Co
 
7,514
390,352
CTS Corp
 
4,299
275,652
Daktronics Inc (b)
 
6,186
122,297
ePlus Inc
 
3,935
363,633
Evolv Technologies Holdings Inc Class A (b)
 
22,205
122,794
Frequency Electronics Inc (b)
 
1,039
60,231
IPG Photonics Corp (b)
 
3,882
330,203
Itron Inc (b)
 
6,713
669,018
Kimball Electronics Inc (b)
 
3,627
89,696
Knowles Corp (b)
 
12,871
470,950
LightPath Technologies Inc Class A (b)
 
8,497
88,114
Lightwave Logic Inc (b)
 
22,960
148,322
M-Tron Industries Inc (b)
 
579
47,698
Methode Electronics Inc
 
5,336
74,651
MicroVision Inc (b)
 
56,719
15,087
Mirion Technologies Inc Class A (b)
 
37,017
554,515
Napco Security Technologies Inc
 
5,386
199,713
nLight Inc (b)
 
8,521
586,245
OSI Systems Inc (b)
 
2,347
519,602
Ouster Inc Class A (b)
 
9,639
376,017
PC Connection Inc
 
1,710
143,161
Plexus Corp (b)
 
4,022
1,010,889
Powerfleet Inc NJ (b)
 
18,449
72,320
Rogers Corp (b)
 
2,492
307,687
Sanmina Corp (b)
 
8,089
1,500,995
ScanSource Inc (b)
 
2,808
158,989
SmartRent Inc Class A (b)
 
29,439
29,733
Vishay Intertechnology Inc
 
18,657
638,443
Vishay Precision Group Inc (b)
 
1,847
170,016
Vuzix Corp (b)(c)
 
11,382
26,520
 
 
 
13,393,456
IT Services - 0.9%
 
 
 
Applied Digital Corp (b)(c)
 
38,456
1,053,310
Backblaze Inc Class A (b)
 
9,205
126,293
BigBear.ai Holdings Inc (b)(c)
 
43,549
121,502
Commerce.com Inc (b)
 
12,354
38,668
DigitalOcean Holdings Inc (b)
 
12,296
1,444,780
Everforth Inc (b)
 
6,779
192,795
Fastly Inc Class A (b)
 
22,374
506,995
Grid Dynamics Holdings Inc (b)
 
11,717
80,730
Hackett Group Inc/The
 
5,231
56,076
Information Services Group Inc
 
7,359
30,613
Rackspace Technology Inc (b)
 
16,334
67,459
TSS Inc/MD (b)
 
3,834
38,033
Unisys Corp (b)
 
11,284
32,385
Whitefiber Inc (b)(c)
 
1,604
38,015
 
 
 
3,827,654
Semiconductors & Semiconductor Equipment - 2.7%
 
 
 
Aehr Test Systems (b)
 
4,476
357,990
Aeluma Inc (b)
 
1,878
30,424
Alpha & Omega Semiconductor Ltd (b)
 
3,809
120,898
Ambarella Inc (b)
 
6,314
543,004
Ambiq Micro Inc (b)
 
1,370
87,118
Amkor Technology Inc
 
17,157
855,620
Atomera Inc (b)
 
6,260
32,302
Axcelis Technologies Inc (b)
 
4,645
605,615
AXT Inc (b)
 
9,053
547,073
Blaize Holdings Inc Class A (b)(c)
 
14,047
11,101
CEVA Inc (b)
 
4,258
139,024
Cohu Inc (b)
 
7,097
340,585
Diodes Inc (b)
 
6,942
571,465
Everspin Technologies Inc (b)
 
2,908
42,253
GSI Technology Inc (b)
 
4,907
27,528
Ichor Holdings Ltd (b)
 
5,229
393,587
Impinj Inc (b)
 
4,101
620,727
Kopin Corp (b)
 
27,278
96,019
MaxLinear Inc (b)
 
12,698
848,480
Navitas Semiconductor Corp Class A (b)
 
30,450
330,687
NVE Corp
 
770
89,528
PDF Solutions Inc (b)
 
5,671
261,376
Penguin Solutions Inc (b)
 
6,989
367,831
Photronics Inc (b)
 
8,966
271,580
QuickLogic Corp (b)
 
2,488
32,618
Rigetti Computing Inc Class A (b)
 
49,814
744,719
Semtech Corp (b)
 
14,035
1,653,604
SkyWater Technology Inc (b)
 
4,289
140,652
SolarEdge Technologies Inc (b)
 
9,223
379,988
Ultra Clean Holdings Inc (b)
 
6,744
561,843
Veeco Instruments Inc (b)
 
9,178
458,900
Wolfspeed Inc (c)
 
4,660
110,069
 
 
 
11,674,208
Software - 5.5%
 
 
 
8x8 Inc (b)
 
23,314
44,297
A10 Networks Inc
 
10,825
320,095
ACI Worldwide Inc (b)
 
15,527
890,163
Adeia Inc
 
16,711
445,348
Agilysys Inc (b)
 
3,927
412,963
Alarm.com Holdings Inc (b)
 
7,742
423,875
Alkami Technology Inc (b)
 
12,673
230,268
Amplitude Inc Class A (b)
 
15,274
135,633
Appfolio Inc Class A (b)
 
3,731
672,289
Appian Corp Class A (b)
 
6,390
172,274
Arteris Inc (b)
 
5,008
149,639
Asana Inc Class A (b)
 
14,168
117,878
AvePoint Inc Class A (b)
 
21,979
286,386
Bit Digital Inc (b)
 
52,758
69,113
Blackbaud Inc (b)
 
1,472
63,002
BlackLine Inc (b)
 
4,215
132,351
Blend Labs Inc Class A (b)
 
34,969
62,245
Braze Inc Class A (b)
 
15,254
380,130
C3.ai Inc Class A (b)
 
20,811
191,045
Ccc Intelligent Solutions Holdings Inc Class A (b)
 
82,506
502,462
Cerence Inc (b)
 
7,234
61,634
Cipher Digital Inc (b)
 
45,729
1,020,671
Cleanspark Inc (b)
 
39,045
537,259
Clear Secure Inc Class A
 
13,903
768,002
Consensus Cloud Solutions Inc (b)
 
2,860
104,104
Core Scientific Inc (b)
 
48,115
996,943
CS Disco Inc (b)
 
5,271
20,557
Daily Journal Corp (b)
 
144
84,542
Digimarc Corp
 
2,506
16,439
Digital Turbine Inc (b)
 
16,534
133,264
Domo Inc Class B (b)
 
7,228
26,671
eGain Corp (b)
 
3,242
22,110
Five9 Inc (b)
 
11,990
329,845
Freshworks Inc Class A (b)
 
33,921
385,173
Gitlab Inc Class A (b)
 
22,279
768,848
Hut 8 Corp (United States) (b)
 
15,131
1,628,551
I3 Verticals Inc Class A (b)
 
3,118
65,665
Intapp Inc (b)
 
8,392
274,334
Klaviyo Inc Class A (b)
 
21,927
391,178
Life360 Inc (b)(c)
 
12,344
667,193
LiveRamp Holdings Inc (b)
 
9,717
367,983
MARA Holdings Inc (b)(c)
 
58,222
659,073
Mitek Systems Inc (b)
 
7,052
117,768
N-able Inc/US (b)
 
13,313
62,305
nCino Inc (b)
 
15,790
291,483
NCR Voyix Corp (b)
 
22,002
181,957
Netskope Inc Class A (b)
 
28,826
362,919
NextNav Inc Class A (b)
 
13,846
181,521
OneSpan Inc
 
6,634
102,694
Ooma Inc (b)
 
3,786
82,346
PagerDuty Inc (b)
 
3,889
41,146
PAR Technology Corp (b)
 
6,723
113,955
Pegasystems Inc
 
9,098
277,944
Porch Group Inc (b)
 
15,789
228,151
Progress Software Corp (b)
 
6,639
269,477
Q2 Holdings Inc (b)
 
9,746
593,239
Rapid7 Inc (b)
 
9,704
93,644
Red Violet Inc (b)
 
2,085
144,657
Rekor Systems Inc (b)(c)
 
28,513
17,786
Riot Platforms Inc (b)
 
48,803
984,357
ServiceTitan Inc Class A (b)
 
9,058
752,357
SoundHound AI Inc Class A (b)(c)
 
61,525
377,148
Sprinklr Inc Class A (b)
 
20,609
131,073
Sprout Social Inc Class A (b)
 
7,787
66,812
Telos Corp (b)
 
9,039
40,133
Tenable Holdings Inc (b)
 
16,891
551,322
Terawulf Inc (b)(c)
 
60,638
1,070,867
Thryv Holdings Inc (b)
 
5,653
22,895
Veritone Inc (b)(c)
 
15,174
16,540
Vertex Inc Class A (b)
 
2,670
34,470
Viant Technology Inc Class A (b)
 
3,428
40,348
Weave Communications Inc (b)
 
11,586
75,772
Xperi Inc (b)
 
7,763
59,853
Yext Inc (b)
 
14,879
81,239
Zeta Global Holdings Corp Class A (b)(c)
 
31,319
676,490
 
 
 
23,176,163
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
Corsair Gaming Inc (b)
 
7,344
77,920
Diebold Nixdorf Inc (b)
 
5,212
383,551
Eastman Kodak Co (b)
 
11,043
92,761
GPGI Inc Class A (c)
 
27,191
358,921
Immersion Corp
 
4,616
34,897
One Stop Systems Inc (b)
 
3,327
40,689
Quantum Computing Inc (b)(c)
 
29,276
237,136
Turtle Beach Corp (b)
 
2,326
28,494
Xerox Holdings Corp
 
17,336
51,141
Xerox Holdings Corp warrants 2/14/2028 (b)
 
156
47
 
 
 
1,305,557
TOTAL INFORMATION TECHNOLOGY
 
 
59,292,345
Materials - 3.0%
 
 
 
Chemicals - 1.7%
 
 
 
AdvanSix Inc
 
4,426
88,786
Alto Ingredients Inc (b)
 
11,643
55,421
Arq Inc (b)
 
6,865
13,524
ASP Isotopes Inc (b)(c)
 
17,480
69,920
Aspen Aerogels Inc (b)
 
11,105
51,416
Cabot Corp
 
7,912
696,414
Ecovyst Inc (b)
 
16,405
197,844
Flotek Industries Inc (b)
 
2,112
49,716
Hawkins Inc
 
3,190
408,416
HB Fuller Co
 
8,487
469,331
Ingevity Corp (b)
 
5,190
379,441
Innospec Inc
 
3,737
321,307
Intrepid Potash Inc (b)
 
1,764
59,905
Koppers Holdings Inc
 
2,894
141,864
Kronos Worldwide Inc
 
3,997
24,062
LSB Industries Inc (b)
 
8,513
92,621
Mativ Holdings Inc
 
3,973
34,684
Minerals Technologies Inc
 
4,663
355,507
NewMarket Corp
 
1,160
986,187
Perimeter Solutions Inc (b)
 
23,292
712,968
PureCycle Technologies Inc (b)(c)
 
21,994
140,102
Quaker Chemical Corp
 
2,111
338,858
Rayonier Advanced Materials Inc (b)
 
10,354
92,668
Sensient Technologies Corp
 
6,498
803,608
Stepan Co
 
1,731
111,026
Tronox Holdings PLC
 
18,631
108,805
Westlake Corp
 
5,178
365,049
 
 
 
7,169,450
Construction Materials - 0.0%
 
 
 
United States Lime & Minerals Inc
 
1,584
174,715
Containers & Packaging - 0.3%
 
 
 
Ardagh Metal Packaging SA
 
22,341
105,673
Greif Inc Class A
 
3,675
318,071
Greif Inc Class B
 
727
78,865
Myers Industries Inc
 
5,657
193,243
O-I Glass Inc (b)
 
23,999
171,593
Ranpak Holdings Corp Class A (b)
 
6,456
33,055
TriMas Corp
 
4,328
172,817
 
 
 
1,073,317
Metals & Mining - 1.0%
 
 
 
Alpha Metallurgical Resources Inc (b)
 
1,620
222,199
American Battery Technology Co (b)
 
21,419
44,766
Century Aluminum Co (b)
 
8,475
379,426
Compass Minerals International Inc (b)
 
5,204
152,685
Contango Silver & Gold Inc (b)
 
4,184
64,434
Dakota Gold Corp (b)
 
16,382
74,374
Idaho Strategic Resources Inc (b)
 
2,194
61,586
Ivanhoe Electric Inc / US (b)
 
17,823
163,080
Kaiser Aluminum Corp
 
2,430
388,022
Materion Corp
 
3,125
658,876
Mesabi Trust
 
2,006
44,112
Metallus Inc (b)
 
5,387
108,386
Ramaco Resources Inc Class A (b)
 
6,081
55,763
Ryerson Holding Corp
 
6,793
188,777
SunCoke Energy Inc
 
13,119
111,249
Tredegar Corp (b)
 
4,643
35,240
United States Antimony Corp (b)
 
19,363
98,170
US Gold Corp (b)(c)
 
2,365
30,698
USA Rare Earth Inc Class A (b)
 
26,738
399,733
Warrior Met Coal Inc
 
7,969
632,819
Worthington Steel Inc
 
4,901
176,485
 
 
 
4,090,880
Paper & Forest Products - 0.0%
 
 
 
Clearwater Paper Corp (b)
 
2,599
54,657
Magnera Corp (b)
 
5,003
66,290
Sylvamo Corp
 
5,210
194,906
 
 
 
315,853
TOTAL MATERIALS
 
 
12,824,215
Real Estate - 5.4%
 
 
 
Diversified REITs - 0.6%
 
 
 
AH Realty Trust Inc Class A
 
12,152
84,578
Alpine Income Property Trust Inc
 
2,362
47,664
American Assets Trust Inc
 
7,357
173,552
Broadstone Net Lease Inc Class A
 
29,151
624,123
CTO Realty Growth Inc
 
4,992
109,674
Essential Properties Realty Trust Inc
 
32,985
1,032,101
Gladstone Commercial Corp
 
8,641
108,013
Global Net Lease Inc
 
30,184
263,204
 
 
 
2,442,909
Health Care REITs - 0.5%
 
 
 
Chiron Real Estate Inc
 
2,187
77,639
Community Healthcare Trust Inc
 
4,346
79,575
Diversified Healthcare Trust
 
32,758
291,546
LTC Properties Inc
 
8,097
325,823
National Health Investors Inc
 
7,568
580,087
Sabra Health Care REIT Inc
 
38,758
820,507
Universal Health Realty Income Trust
 
2,249
97,652
 
 
 
2,272,829
Hotel & Resort REITs - 0.7%
 
 
 
Apple Hospitality REIT Inc
 
33,484
552,822
Chatham Lodging Trust
 
7,207
96,069
DiamondRock Hospitality Co
 
31,061
411,248
Park Hotels & Resorts Inc
 
31,137
468,923
Pebblebrook Hotel Trust
 
17,023
325,139
RLJ Lodging Trust
 
22,815
279,484
Service Properties Trust
 
19,744
158,544
Summit Hotel Properties Inc
 
16,766
115,350
Sunstone Hotel Investors Inc
 
28,483
335,245
Xenia Hotels & Resorts Inc
 
13,992
287,955
 
 
 
3,030,779
Industrial REITs - 0.1%
 
 
 
Industrial Logistics Properties Trust
 
9,258
79,711
Lineage Inc
 
8,732
369,975
One Liberty Properties Inc
 
2,833
68,870
 
 
 
518,556
Office REITs - 0.6%
 
 
 
Brandywine Realty Trust
 
30,492
92,696
COPT Defense Properties
 
17,061
647,637
Douglas Emmett Inc
 
26,539
313,691
Easterly Government Properties Inc
 
3,556
86,624
Empire State Realty Trust Inc Class A
 
20,969
106,103
Hudson Pacific Properties Inc (b)
 
8,477
116,728
JBG SMITH Properties
 
9,604
134,936
NET Lease Office Properties
 
1,975
23,108
Piedmont Realty Trust Inc Class A1 (b)
 
15,441
149,623
Postal Realty Trust Inc Class A
 
4,032
92,897
SL Green Realty Corp (c)
 
10,979
581,118
 
 
 
2,345,161
Real Estate Management & Development - 0.8%
 
 
 
AGNT Inc
 
2,798
11,332
Compass Inc Class A (b)
 
97,016
1,105,012
Cushman & Wakefield Ltd
 
36,031
483,536
Douglas Elliman Inc (b)
 
14,172
23,951
Forestar Group Inc (b)
 
2,901
81,663
FRP Holdings Inc (b)
 
1,806
40,310
Howard Hughes Holdings Inc (b)
 
4,647
297,036
Marcus & Millichap Inc
 
3,764
115,743
Newmark Group Inc Class A
 
24,447
366,583
Opendoor Technologies Inc Class A (b)(c)
 
122,656
462,413
Opendoor Technologies Inc warrants 11/20/2026 (b)
 
2,840
909
Opendoor Technologies Inc warrants 11/20/2026 (b)
 
2,840
511
Opendoor Technologies Inc warrants 11/20/2026 (b)
 
2,840
457
RE/MAX Holdings Inc Class A (b)
 
3,615
32,752
RMR Group Inc/The Class A
 
2,775
52,836
Seaport Entertainment Group Inc (b)
 
1,190
31,214
St Joe Co/The
 
5,949
370,266
Tejon Ranch Co (b)
 
3,779
63,978
 
 
 
3,540,502
Residential REITs - 0.1%
 
 
 
Centerspace
 
2,667
146,258
NexPoint Residential Trust Inc
 
3,785
98,826
UMH Properties Inc
 
12,746
192,592
 
 
 
437,676
Retail REITs - 1.3%
 
 
 
Acadia Realty Trust
 
20,318
456,545
Alexander's Inc
 
354
90,270
CBL & Associates Properties Inc
 
2,386
140,082
Curbline Properties Corp
 
14,702
450,469
FrontView REIT Inc
 
3,525
71,699
Getty Realty Corp
 
8,550
291,897
InvenTrust Properties Corp
 
11,794
417,626
Macerich Co/The
 
42,852
1,107,296
NETSTREIT Corp (c)
 
15,371
329,708
Phillips Edison & Co Inc
 
19,068
810,199
Saul Centers Inc
 
1,981
67,493
SITE Centers Corp
 
297
1,271
Tanger Inc
 
17,353
705,573
Urban Edge Properties
 
19,156
434,075
 
 
 
5,374,203
Specialized REITs - 0.7%
 
 
 
EPR Properties
 
11,745
729,012
Farmland Partners Inc
 
6,568
61,411
Four Corners Property Trust Inc
 
17,118
438,221
Gladstone Land Corp
 
7,459
60,492
Millrose Properties Inc Class A
 
23,697
663,042
Outfront Media Inc
 
23,052
734,668
Safehold Inc
 
7,185
116,253
Smartstop Self Storage REIT Inc
 
8,734
292,938
 
 
 
3,096,037
TOTAL REAL ESTATE
 
 
23,058,652
Utilities - 2.0%
 
 
 
Electric Utilities - 0.7%
 
 
 
Genie Energy Ltd Class B
 
3,482
48,434
Hawaiian Electric Industries Inc (b)
 
26,118
337,445
MGE Energy Inc
 
5,708
453,957
Oklo Inc Class A (b)(c)
 
20,618
800,597
Otter Tail Corp
 
6,359
562,263
TXNM Energy Inc
 
14,956
866,252
 
 
 
3,068,948
Gas Utilities - 0.4%
 
 
 
Chesapeake Utilities Corp
 
3,622
480,929
Northwest Natural Holding Co
 
6,350
310,642
Spire Inc
 
8,992
718,101
 
 
 
1,509,672
Independent Power and Renewable Electricity Producers - 0.2%
 
 
 
Clearway Energy Inc Class C
 
18,307
580,881
Fervo Energy Co Class A (b)(c)
 
10,834
244,198
Hallador Energy Co (b)
 
5,903
83,941
 
 
 
909,020
Multi-Utilities - 0.3%
 
 
 
Avista Corp
 
12,657
511,976
Northwestern Energy Group Inc
 
9,310
639,969
Unitil Corp
 
2,763
149,036
 
 
 
1,300,981
Water Utilities - 0.4%
 
 
 
American States Water Co
 
5,884
503,906
Artesian Resources Corp Class A
 
1,490
51,182
Cadiz Inc (b)
 
9,025
26,984
California Water Service Group
 
9,124
457,204
Consolidated Water Co Ltd
 
2,310
67,452
H2O America
 
5,930
363,687
Middlesex Water Co
 
2,927
167,717
York Water Co/The
 
2,457
76,093
 
 
 
1,714,225
TOTAL UTILITIES
 
 
8,502,846
TOTAL UNITED STATES
 
 
414,827,364
 
TOTAL COMMON STOCKS
 (Cost $312,475,732)
 
 
 
424,010,607
 
 
 
 
U.S. Treasury Obligations - 0.0%
 
 
Yield (%) (g)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 8/13/2026 (h)
 (Cost $105,872)
 
3.64
106,000
105,894
 
 
 
 
 
Money Market Funds - 4.7%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (i)
 
3.69
1,732,461
1,732,808
Fidelity Securities Lending Cash Central Fund (i)(j)
 
3.72
18,118,312
18,120,124
 
TOTAL MONEY MARKET FUNDS
 (Cost $19,852,804)
 
 
 
19,852,932
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 104.2%
 (Cost $332,434,408)
 
 
 
443,969,433
NET OTHER ASSETS (LIABILITIES) - (4.2)% (f)
(17,801,761)
NET ASSETS - 100.0%
426,167,672
 
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value and Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
 
 
 
 
CME E-Mini Russell 2000 Index Contracts (United States)
16
9/2026
2,350,400
(11,077)

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 $167,142 or 0.0% of net assets.
 
(f)
Includes $45,526 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 $105,894.
 
(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.
 
 
 
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
1,663,554
14,075,100
14,005,843
9,885
(131)
128
1,732,808
1,732,461
Fidelity Securities Lending Cash Central Fund
19,089,381
56,161,806
57,131,063
72,772
-
-
18,120,124
18,118,312
 
20,752,935
70,236,906
71,136,906
82,657
(131)
128
19,852,932
 
 
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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