Quarterly Holdings Report
for
Strategic Advisers® U.S. Total Stock Fund
Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public
February 28, 2025
STS-NPRT3-0425
1.9911786.100
Asset-Backed Securities - 0.4%
 
  
Principal
Amount (a)
 
Value ($)
 
GRAND CAYMAN (UK OVERSEAS TER) - 0.1%
 
  
  
522 Funding CLO Ltd Series 2024-6A Class A1R2, CME Term SOFR 3 month Index + 1.2%, 5.4903% 10/23/2034 (b)(c)(d)
  
3,250,000
3,249,854
Agl Clo 5 Ltd / Agl Clo 5 LLC Series 2024-5A Class BRR, CME Term SOFR 3 month Index + 1.3884%, 5.6816% 7/20/2034 (b)(c)(d)
  
3,000,000
3,009,042
Ammc Cdo Series 2024-24A Class AR, CME Term SOFR 3 month Index + 1.2%, 5.4932% 1/20/2035 (b)(c)(d)
  
3,500,000
3,512,485
Anchorage Cr Fdg 2 Ltd / LLC Series 2020-2A Class ARV, 3.928% 4/25/2038 (d)
  
600,000
580,636
Anchorage Credit Funding 12 Ltd Series 2020-12A Class A1, 3.177% 10/25/2038 (d)
  
600,000
572,567
Anchorage Credit Funding 13 Ltd Series 2021-13A Class A1, 2.875% 7/27/2039 (d)
  
300,000
278,475
Anchorage Credit Funding 3 Ltd Series 2021-3A Class A1R, 2.871% 1/28/2039 (d)
  
500,000
472,205
Anchorage Credit Funding 4 Ltd Series 2021-4A Class AR, 2.723% 4/27/2039 (d)
  
300,000
278,700
Anchorage Credit Funding 6 Ltd Series 2020-6A Class A, 4.3% 7/25/2036 (d)
  
282,157
277,699
Anchorage Credit Funding 7 Ltd Series 2019-7A Class A, 4.62% 4/25/2037 (d)
  
278,916
275,938
Apidos Clo Xxx Series 2024-XXXA Class A2R, CME Term SOFR 3 month Index + 1.5%, 5.7932% 10/18/2031 (b)(c)(d)
  
1,550,000
1,551,769
Ares Xxvii Clo Ltd Series 2024-2A Class AR3, CME Term SOFR 3 month Index + 1.15%, 5.4498% 10/28/2034 (b)(c)(d)
  
3,000,000
2,999,997
Ares XXXIV CLO Ltd Series 2024-2A Class AR3, CME Term SOFR 3 month Index + 1.32%, 5.6229% 4/17/2033 (b)(c)(d)
  
500,000
500,700
Atlantic Ave Ltd / Atlantic Ave LLC Series 2024-3A Class A, CME Term SOFR 3 month Index + 1.26%, 5.5761% 1/20/2035 (b)(c)(d)
  
2,500,000
2,501,743
Atlas Senior Loan Fund Xv Ltd Series 2024-15A Class A1R, CME Term SOFR 3 month Index + 1.22%, 5.5103% 10/23/2032 (b)(c)(d)
  
462,598
463,411
Bain Cap Cr CLO Ltd / Bain Cap Cr CLO LLC Series 2024-4A Class A2R, CME Term SOFR 3 month Index + 1.45%, 5.7432% 10/20/2034 (b)(c)(d)
  
800,000
800,310
Bain Cap Cr CLO Ltd / Bain Cap Cr CLO LLC Series 2024-4A Class BR, CME Term SOFR 3 month Index + 1.65%, 5.9432% 10/20/2034 (b)(c)(d)
  
800,000
800,238
Bain Capital Credit Clo Ltd Series 2024-2A Class A2R, CME Term SOFR 3 month Index + 1.48%, 5.7876% 7/16/2034 (b)(c)(d)
  
2,000,000
2,002,414
Bain Capital Credit Clo Ltd Series 2024-2A Class BR, CME Term SOFR 3 month Index + 1.65%, 5.9576% 7/16/2034 (b)(c)(d)
  
2,000,000
2,000,728
Bain Capital Credit CLO Ltd Series 2024-5A Class A1R, CME Term SOFR 3 month Index + 1.15%, 5.4403% 10/23/2034 (b)(c)(d)
  
4,000,000
3,999,824
Bain Capital Credit CLO Series 2024-3A Class A1RR, CME Term SOFR 3 month Index + 1.21%, 5.5003% 10/23/2034 (b)(c)(d)
  
4,300,000
4,303,212
Bain Capital Credit CLO Series 2024-3A Class BRR, CME Term SOFR 3 month Index + 1.6%, 5.8903% 10/23/2034 (b)(c)(d)
  
2,000,000
2,000,606
Carlyle Global Market Strategies CLO Ltd Series 2024-3A Class ARRR, CME Term SOFR 3 month Index + 1.09%, 5.3832% 7/20/2034 (b)(c)(d)
  
4,600,000
4,603,514
CIFC Funding Ltd Series 2018-4A Class A1RR, CME Term SOFR 3 month Index + 1.3216%, 5.6217% 4/27/2031 (b)(c)(d)
  
69,155
69,155
Crown Point Clo 7 Ltd Series 2024-7A Class AR, CME Term SOFR 3 month Index + 1.23%, 5.5232% 10/20/2031 (b)(c)(d)
  
281,541
281,870
Dryden 55 Clo Ltd Series 2018-55A Class A1, CME Term SOFR 3 month Index + 1.2816%, 5.5836% 4/15/2031 (b)(c)(d)
  
261,792
262,053
Elevation CLO Ltd Series 2024-3A Class A2R2, CME Term SOFR 3 month Index + 1.6%, 5.9001% 1/25/2035 (b)(c)(d)
  
2,000,000
2,001,488
Elevation CLO Ltd Series 2024-3A Class BR2, CME Term SOFR 3 month Index + 1.85%, 6.1501% 1/25/2035 (b)(c)(d)
  
2,000,000
2,000,798
Fortress Credit Bsl VII Ltd Series 2024-1A Class A1R, CME Term SOFR 3 month Index + 1.09%, 5.3803% 7/23/2032 (b)(c)(d)
  
2,214,317
2,216,753
Greywolf Clo III Ltd Series 2024-3RA Class A2R2, CME Term SOFR 3 month Index + 1.85%, 6.1401% 4/22/2033 (b)(c)(d)
  
1,200,000
1,200,700
ICG US CLO Ltd Series 2024-3A Class AR, CME Term SOFR 3 month Index + 1.15%, 5.4432% 10/20/2034 (b)(c)(d)
  
4,800,000
4,803,235
Jamestown Clo Xvi Ltd Series 2024-16A Class AR, CME Term SOFR 3 month Index + 1.12%, 5.4201% 7/25/2034 (b)(c)(d)
  
4,800,000
4,803,197
Kkr Clo 28 Ltd Series 2024-28A Class AR, CME Term SOFR 3 month Index + 1.44%, 5.7476% 2/9/2035 (b)(c)(d)
  
2,100,000
2,101,117
Lcm Loan Income Fund I Ltd Series 2018-1A Class B, CME Term SOFR 3 month Index + 1.7116%, 6.0048% 4/20/2031 (b)(c)(d)
  
2,325,000
2,329,680
Mountain View Clo Xiv Ltd Series 2021-1A Class A1R, CME Term SOFR 3 month Index + 1.159%, 5.461% 10/15/2034 (b)(c)(d)
  
1,000,000
1,000,300
Octagon Investment Partners Xvii Ltd Series 2018-1A Class A1R2, CME Term SOFR 3 month Index + 1.2616%, 5.5617% 1/25/2031 (b)(c)(d)
  
43,232
43,268
Ofsi Bsl Xi Ltd Series 2024-10A Class AR, CME Term SOFR 3 month Index + 1.27%, 5.5632% 4/20/2034 (b)(c)(d)
  
1,100,000
1,100,527
Palmer Square CLO Series 2025-1A Class A2R5, CME Term SOFR 3 month Index + 1.6%, 5.93% 5/21/2034 (b)(c)(d)
  
4,200,000
4,206,959
Pikes Peak Clo 4 Series 2024-4A Class ARR, CME Term SOFR 3 month Index + 1.21%, 5.512% 7/15/2034 (b)(c)(d)
  
4,500,000
4,507,605
Romark Credit Funding II Ltd Series 2021-2A Class A, 2.625% 10/25/2039 (d)
  
400,000
365,000
Sandstone Peak Ltd Series 2024-1A Class A1R, CME Term SOFR 3 month Index + 1.28%, 5.582% 10/15/2034 (b)(c)(d)
  
1,500,000
1,503,594
Sandstone Peak Ltd Series 2024-1A Class B1R, CME Term SOFR 3 month Index + 1.83%, 6.132% 10/15/2034 (b)(c)(d)
  
4,000,000
4,016,488
Sound Point CLO XXVIII Ltd Series 2024-3A Class A1R, CME Term SOFR 3 month Index + 1.28%, 5.5801% 1/25/2032 (b)(c)(d)
  
487,793
487,793
Trysail CLO Ltd Series 2022-1A Class A, CME Term SOFR 3 month Index + 1.239%, 5.5322% 10/20/2033 (b)(c)(d)
  
4,000,000
3,998,800
Ventr Series 2021-17-29A Class AR, CME Term SOFR 3 month Index + 1.2516%, 5.5746% 9/7/2030 (b)(c)(d)
  
115,353
115,644
Voya CLO Ltd Series 2020-2A Class A1RR, CME Term SOFR 3 month Index + 1.2816%, 5.5845% 4/17/2030 (b)(c)(d)
  
26,524
26,533
TOTAL GRAND CAYMAN (UK OVERSEAS TER)
  
  
84,478,624
IRELAND - 0.0%
 
  
  
Arbour Clo VII DAC Series 2024-7A Class BR, 3 month EURIBOR + 2.05%, 4.996% 12/15/2038 (b)(c)(d)
EUR
3,200,000
3,321,615
Ares European CLO XIV DAC Series 2024-14A Class AR, 3 month EURIBOR + 1.03%, 3.774% 10/21/2034 (b)(c)(d)
EUR
4,099,807
4,262,448
Avoca Static CLO I DAC Series 2024-1A Class BR, 3 month EURIBOR + 1.7%, 4.541% 1/15/2035 (b)(c)(d)
EUR
2,700,000
2,800,909
BBAM European CLO I DAC Series 2021-1A Class AR, 3 month EURIBOR + 0.87%, 3.574% 7/22/2034 (b)(c)(d)
EUR
1,000,000
1,032,159
BBAM European CLO Series 2022-3A Class A, 3 month EURIBOR + 0.92%, 3.705% 1/15/2036 (b)(c)(d)
EUR
1,500,000
1,552,913
CVC Cordatus Loan Fund XIV DAC Series 2021-14A Class A1R, 3 month EURIBOR + 0.85%, 3.384% 5/22/2032 (b)(c)(d)
EUR
3,770,881
3,913,621
Dryden 73 Euro CLO Series 2020-74A Class A, 3 month EURIBOR + 1%, 3.744% 4/18/2033 (b)(c)(d)
EUR
1,471,880
1,525,464
Grosvenor Place Clo Dac Series 2024-2A Class A, 3 month EURIBOR + 1.24%, 3.8452% 1/15/2039 (b)(c)(d)
EUR
2,200,000
2,287,191
Hayfin Emerald Clo V Dac Series 2024-5A Class AR, 3 month EURIBOR + 1.21%, 3.975% 11/17/2037 (b)(c)(d)
EUR
1,400,000
1,452,630
Indigo Credit Management II DAC Series 2024-2A Class B, 3 month EURIBOR + 2.1%, 4.9041% 7/15/2038 (b)(c)(d)
EUR
2,500,000
2,598,243
Palmer Square European Loan Funding DAC Series 2024-3A Class B, 3 month EURIBOR + 1.85%, 4.5399% 5/15/2034 (b)(c)(d)
EUR
2,000,000
2,089,980
Palmer Square European Loan Funding DAC Series 2024-3A Class BR, 3 month EURIBOR + 1.65%, 4.206% 5/15/2033 (b)(c)(d)
EUR
3,000,000
3,112,461
Tikehau Clo IX DAC Series 2024-9A Class AR, 3 month EURIBOR + 1.22%, 4.039% 1/20/2037 (b)(c)(d)
EUR
900,000
936,073
TOTAL IRELAND
  
  
30,885,707
UNITED STATES - 0.3%
 
  
  
Accredited Mortgage Loan Trust Series 2004-4 Class A2D, CME Term SOFR 1 month Index + 0.7%, 5.0173% 1/25/2035 (b)(c)
  
764,384
748,551
Affirm Asset Securitization Trust Series 2024-X2 Class A, 5.22% 12/17/2029 (d)
  
2,535,302
2,538,837
Ally Auto Receivables Trust Series 2024-2 Class A3, 4.14% 7/16/2029
 
1,500,000
1,495,235
Ameriquest Mortgage Securities, Inc. Series 2004-R5 Class M2, CME Term SOFR 1 month Index + 1.9895%, 6.3088% 7/25/2034 (c)
  
1,488,647
1,463,318
Ameriquest Mortgage Securities, Inc. Series 2004-R6 Class M4, CME Term SOFR 1 month Index + 5.3645%, 4.7479% 7/25/2034 (c)
  
1,370,857
1,137,053
Argent Securities Inc Series 2004-W10 Class M1, CME Term SOFR 1 month Index + 1.1945%, 3.6485% 1/25/2034 (c)
  
292,601
274,145
Asset Backed Securities Corp Home Equity Loan Trust Series 2007-HE2 Class A4, CME Term SOFR 1 month Index + 0.3445%, 4.6638% 5/25/2037 (c)
  
1,282,277
896,054
Bear Stearns Asset Backed Securities I Trust Series 2005-EC1 Class M4, CME Term SOFR 1 month Index + 1.1645%, 4.9824% 11/25/2035 (b)(c)
  
2,662,305
2,514,380
Bear Stearns Asset Backed Securities I Trust Series 2006-EC2 Class M4, CME Term SOFR 1 month Index + 0.9845%, 5.3038% 2/25/2036 (c)
  
6,244,096
5,699,655
Bear Stearns Asset Backed Securities I Trust Series 2007-HE3 Class 1A4, CME Term SOFR 1 month Index + 0.35%, 4.7838% 4/25/2037 (b)(c)
  
3,654,479
3,424,887
Bridgecrest Lending Auto Securitization Trust Series 2023-1 Class B, 6.8% 8/15/2029
 
4,515,000
4,585,212
Bridgecrest Lending Auto Securitization Trust Series 2024-4 Class A3, 4.72% 9/15/2028
 
3,100,000
3,105,287
Cascade MH Asset Trust Series 2024-MH1 Class A1, 5.695% 11/25/2056 (d)
  
970,440
988,416
Centex Home Equity Loan Trust Series 2004-D Class MV5, CME Term SOFR 1 month Index + 1.9145%, 6.2338% 9/25/2034 (c)
  
573,882
511,023
Cps Auto Receivables Trust Series 2022-A Class D, 2.84% 4/16/2029 (d)
  
5,815,000
5,730,384
Equifirst Loan Securitization Trust Series 2007-1 Class A1, CME Term SOFR 1 month Index + 0.2845%, 4.6038% 4/25/2037 (c)(d)
  
1,044,639
955,717
Exeter Automobile Receivables Trust Series 2024-5A Class A2, 4.79% 4/15/2027
 
662,294
662,737
Exeter Automobile Receivables Trust Series 2024-5A Class A3, 4.45% 3/15/2028
 
750,000
749,596
Exeter Automobile Receivables Trust Series 2024-5A Class B, 4.48% 4/16/2029
 
750,000
748,529
Exeter Automobile Receivables Trust Series 2024-5A Class C, 4.64% 1/15/2030
 
750,000
749,339
FHF Issuer Trust Series 2024-1A Class A2, 5.69% 2/15/2030 (d)
  
2,749,181
2,779,998
FHF Issuer Trust Series 2024-3A Class A1, 4.941% 10/15/2025 (d)
  
197,838
197,874
FHF Issuer Trust Series 2024-3A Class A2, 4.94% 11/15/2030 (d)
  
1,000,000
1,003,733
FHF Trust 2023-1 Series 2023-1A Class A2, 6.57% 6/15/2028 (d)
  
171,965
174,007
First Franklin Mortgage Loan Trust Series 2004-FFH3 Class M3, CME Term SOFR 1 month Index + 1.1645%, 5.4838% 10/25/2034 (c)
  
1,162,404
1,033,843
Flagship Credit Auto Trust Series 2023-2 Class B, 5.21% 5/15/2028 (d)
  
2,354,000
2,363,052
GLS Auto Receivables Issuer Trust Series 2024-3A Class B, 5.08% 1/16/2029 (d)
  
1,500,000
1,511,775
GLS Auto Receivables Issuer Trust Series 2024-3A Class C, 5.21% 2/18/2031 (d)
  
1,500,000
1,516,334
Gls Auto Select Receivables Trust Series 2024-4A Class A2, 4.43% 12/17/2029 (d)
  
4,100,000
4,095,857
Gls Auto Select Receivables Trust Series 2024-4A Class B, 4.5% 11/15/2030 (d)
  
2,000,000
1,992,364
GM Financial Consumer Automobile Receivables Trust Series 2023-1 Class A3, 4.66% 2/16/2028
 
2,172,672
2,175,630
Gm Finl Consumer Automobile Receivables Trust Series 2024-4 Class A3, 4.4% 8/16/2029
 
3,000,000
3,006,797
Greensky Home Improvement Trust Series 2024-2 Class A4, 5.15% 10/27/2059 (d)
  
1,820,527
1,837,333
GSAMP Trust Series 2007-FM1 Class A1, CME Term SOFR 1 month Index + 0.2545%, 4.5738% 12/25/2036 (c)
  
758,847
399,172
Honda Auto Receivables Owner Trust Series 2024-4 Class A2, 4.56% 3/15/2027
 
2,000,000
2,000,974
HSI Asset Securitization Corp Trust Series 2007-NC1 Class A3, CME Term SOFR 1 month Index + 0.18%, 4.7938% 4/25/2037 (b)(c)
  
245,022
163,246
Hyundai Auto Receivables Trust Series 2024-C Class A3, 4.41% 5/15/2029
 
4,000,000
4,007,016
Lad Auto Receivables Trust Series 2024-3A Class A1, 4.865% 11/17/2025 (d)
  
716,549
716,704
Lendmark Fdg Trust Series 2024-2A Class A, 4.47% 2/21/2034 (d)
  
700,000
694,240
Marlette Funding Trust Series 2022-3A Class B, 5.95% 11/15/2032 (d)
  
273,090
273,437
Marlette Funding Trust Series 2022-3A Class C, 6.89% 11/15/2032 (d)
  
1,151,000
1,161,937
Marlette Funding Trust Series 2023-3A Class B, 6.71% 9/15/2033 (d)
  
4,486,739
4,507,636
Merrill Lynch Mortgage Investors Trust Series 2004-WMC3 Class M3, CME Term SOFR 1 month Index + 2.2145%, 6.5338% 1/25/2035 (c)
  
3,334,542
2,952,371
MF1 LLC Series 2025-FL17 Class AS, CME Term SOFR 1 month Index + 1.572%, 5.872% 2/18/2040 (b)(c)(d)
  
5,000,000
4,989,500
Morgan Stanley Abs Cap I Inc Trust Series 2007-HE3 Class A2A, CME Term SOFR 1 month Index + 0.1745%, 4.4938% 12/25/2036 (c)
  
242,996
121,300
Morgan Stanley ABS Capital I Inc Series 2004-HE8 Class A4, CME Term SOFR 1 month Index + 0.8745%, 5.1938% 9/25/2034 (b)(c)
  
715,454
710,429
Morgan Stanley ABS Capital I Inc Series 2004-NC8 Class M1, CME Term SOFR 1 month Index + 1.0295%, 5.3488% 9/25/2034 (c)
  
320,263
314,585
Nationstar Home Equity Loan Trust Series 2007-B Class 2AV4, CME Term SOFR 1 month Index + 0.4345%, 5.0738% 4/25/2037 (b)(c)
  
95,075
93,819
Navient Private Education Loan Trust Series 2017-A Class B, 3.91% 12/16/2058 (d)
  
1,557,803
1,545,472
Navient Student Loan Trust Series 2021-DA Class C, 3.48% 4/15/2060 (d)
  
2,000,000
1,857,990
Oportun Issuance Trust Series 2024-2 Class C, 6.61% 2/9/2032 (d)
  
1,777,000
1,799,252
Option One Mortgage Loan Trust Series 2007-4 Class 2A4, CME Term SOFR 1 month Index + 0.4245%, 4.7438% 4/25/2037 (c)
  
6,988,700
3,909,768
Pagaya Ai Dbt Selection Trust Series 2023-7 Class B, 7.549% 7/15/2031 (d)
  
5,620,036
5,648,050
Pagaya Ai Dbt Selection Trust Series 2023-7 Class C, 8.798% 7/15/2031 (d)
  
9,796,350
10,006,761
Pagaya Ai Debt Grantor Trust Series 2024-11 Class A, 5.092% 7/15/2032 (d)
  
2,300,000
2,300,270
Pagaya Ai Debt Grantor Trust Series 2024-11 Class B, 5.637% 7/15/2032 (d)
  
1,000,000
1,003,170
Pagaya Ai Debt Grantor Trust Series 2024-8 Class A, 5.331% 1/15/2032 (d)
  
1,381,730
1,388,501
Pagaya Ai Debt Selection Trust Series 2024-1 Class B, 7.109% 7/15/2031 (d)
  
3,315,677
3,361,883
Pagaya Ai Debt Trust Series 2022-1 Class B, 3.344% 10/15/2029 (d)
  
818,826
818,127
Pagaya Ai Debt Trust Series 2023-1 Class B, 9.435% 7/15/2030 (d)
  
2,355,757
2,360,433
Pagaya Ai Debt Trust Series 2023-3 Class B, 9.57% 12/16/2030 (d)
  
1,999,601
2,029,707
Pagaya Ai Debt Trust Series 2023-5 Class B, 7.625% 4/15/2031 (d)
  
600,234
601,953
Pagaya Ai Debt Trust Series 2023-5 Class C, 9.099% 4/15/2031 (d)
  
4,999,958
5,080,775
Pagaya Ai Debt Trust Series 2023-6 Class C, 8.491% 6/16/2031 (d)
  
3,874,006
3,940,412
Pagaya Ai Debt Trust Series 2023-8 Class C, 9.538% 6/16/2031 (d)
  
3,464,820
3,575,616
Pagaya Ai Debt Trust Series 2024-2 Class A, 6.319% 8/15/2031 (d)
  
2,268,795
2,290,977
Pagaya Ai Debt Trust Series 2024-3 Class A, 6.258% 10/15/2031 (d)
  
3,151,772
3,179,328
Park Place Securities Inc Asset-Backed Pass-Through Certificates Series 2004-WHQ1 Class M5, CME Term SOFR 1 month Index + 1.9145%, 6.2338% 9/25/2034 (c)
  
435,047
416,655
PRET LLC Series 2021-NPL5 Class A1, 5.487% 10/25/2051 (b)(d)
  
2,426,497
2,427,693
PRET LLC Series 2021-RN2 Class A1, 4.7436% 7/25/2051 (d)(e)
  
807,004
803,589
Pret LLC Series 2024-NPL6 Class A1, 5.9256% 10/25/2054 (b)(d)
  
2,258,834
2,273,734
PRET LLC Series 2024-NPL9 Class A1, 5.8514% 12/25/2054 (d)
  
2,835,675
2,839,361
Prpm LLC Series 2021-11 Class A1, 5.487% 11/25/2026 (b)(d)
  
2,109,980
2,111,993
RASC Series 2005-EMX2 Trust Series 2004-KS5 Class MII2, CME Term SOFR 1 month Index + 1.2145%, 6.016% 6/25/2034 (c)
  
2,521,707
2,312,582
Renaissance Home Equity Loan Trust Series 2007-1 Class AF3, 5.612% 4/25/2037 (e)
  
4,153,493
1,075,965
Research-Driven Pagaya Motor Asset Trust Series 2023-3A Class A, 7.13% 1/26/2032 (d)
  
748,575
754,815
Santander Drive Auto Receivables Trust Series 2024-5 Class A3, 4.62% 11/15/2028
 
1,500,000
1,502,278
Saxon Asset Securities Trust Series 2004-2 Class MF2, 2.9124% 8/25/2035 (e)
  
1,978,080
1,730,450
Securitized Asset Backed Receivables LLC Trust Series 2006-WM4 Class A2C, CME Term SOFR 1 month Index + 0.16%, 4.7538% 11/25/2036 (b)(c)
  
6,552,098
1,814,258
SMB Private Education Loan Trust Series 2015-B Class B, 3.5% 12/17/2040 (d)
  
1,394,243
1,383,181
SMB Private Education Loan Trust Series 2015-C Class B, 3.5% 9/15/2043 (d)
  
3,212,277
3,186,121
SMB Private Education Loan Trust Series 2016-C Class B, 3.25% 11/15/2040 (d)
  
694,044
682,821
SMB Private Education Loan Trust Series 2021-D Class A1A, 1.34% 3/17/2053 (d)
  
766,413
713,773
SMB Private Education Loan Trust Series 2024-C Class A1A, 5.5% 6/17/2052 (d)
  
2,818,658
2,882,390
SMB Private Education Loan Trust Series 2024-E Class A1A, 5.09% 10/16/2056 (d)
  
4,671,067
4,713,690
Smb Private Education Loan Trust Series 2024-F Class A1A, 5.06% 3/16/2054 (d)
  
572,464
577,166
Soundview Home Loan Trust Series 2006-EQ1 Class A4, CME Term SOFR 1 month Index + 0.5%, 4.9338% 10/25/2036 (b)(c)
  
1,020,288
968,897
Specialty Underwriting & Residential Finance Trust Series 2003-BC1 Series 2004-BC1 Class M1, CME Term SOFR 1 month Index + 0.8795%, 5.1988% 2/25/2035 (c)
  
466,685
475,776
Towd Point Mortgage Trust Series 2017-3 Class B2, 3.8983% 7/25/2057 (b)(d)
  
2,000,000
1,794,000
TOWD Point Mortgage Trust Series 2017-6 Class A2, 3% 10/25/2057 (d)
  
2,300,000
2,158,536
Upstart Securitization Trust Series 2023-2 Class B, 7.92% 6/20/2033 (d)
  
4,700,000
4,791,610
WaMu Asset-Backed Certificates Series 2007-HE4 Class 1A, CME Term SOFR 1 month Index + 0.2845%, 4.6038% 7/25/2047 (c)
  
3,931,315
2,913,151
Washington Mut Asset Backed Ctfs Wmabs Trust Series 2006-HE3 Class 2A3, CME Term SOFR 1 month Index + 0.4345%, 4.7538% 8/25/2036 (c)
  
2,818,302
1,761,663
Westlake Automobile Receivables Trust Series 2023-2A Class D, 7.01% 11/15/2028 (d)
  
475,000
489,402
Westlake Automobile Receivables Trust Series 2024-3A Class A3, 4.71% 4/17/2028 (d)
  
3,000,000
3,005,960
TOTAL UNITED STATES
  
  
195,033,273
 
TOTAL ASSET-BACKED SECURITIES
 (Cost $311,970,635)
  
  
  
310,397,604
 
  
  
  
Collateralized Mortgage Obligations - 0.1%
 
  
Principal
Amount (a)
 
Value ($)
 
IRELAND - 0.0%
 
  
  
KINBN Series 2024-RPL2A Class A, 1 month EURIBOR + 1.1%, 3.753% 1/24/2063 (c)(d)
EUR
3,642,148
3,785,127
SPAIN - 0.0%
 
  
  
Lugo Funding Dac Series 2024-1A Class A, 3 month EURIBOR + 0%, 3.9923% 5/26/2066 (b)(c)(d)
EUR
1,400,000
1,438,475
UNITED STATES - 0.1%
 
  
  
ACRA Trust Series 2024-NQM1 Class A1, 5.608% 10/25/2064 (d)
  
487,002
489,063
Atlx Trust Series 2024-RPL2 Class A1, 3.85% 4/25/2063 (d)
  
3,892,769
3,734,756
Chase Home Lending Mortgage Trust Series 2024-RPL4 Class A1A, 3.375% 12/25/2064 (d)
  
2,901,815
2,602,823
Cim Tr 2023-R3 Series 2023-R3 Class A1A, 4.5% 1/25/2063 (d)
  
515,802
479,534
Citimortgage Alternative Loan Trust Series 2007-A7 Class 2A1, CME Term SOFR 1 month Index + 0.5145%, 4.8338% 7/25/2037 (b)(c)
  
2,682,640
2,135,360
CSMC Trust Series 2017-RPL3 Class B1, 4.5% 8/1/2057 (b)(d)
  
644,778
628,556
EFMT Series 2025-CES1 Class A1A, 5.726% 1/25/2060 (d)
  
2,000,000
2,008,800
Freddie Mac Multifamily Structured pass-thru certificates Series 2024-5473 Class FA, U.S. 30-Day Avg. SOFR Index + 1.1%, 5.452% 11/25/2054 (b)(c)
  
556,264
553,728
Freddie Mac Multifamily Structured pass-thru certificates Series 2024-5480 Class FG, U.S. 30-Day Avg. SOFR Index + 1.15%, 5.502% 12/25/2054 (b)(c)
  
1,839,722
1,841,486
Freddie Mac Multifamily Structured pass-thru certificates Series 2024-5484 Class FD, U.S. 30-Day Avg. SOFR Index + 1.15%, 5.502% 12/25/2054 (b)(c)
  
4,873,373
4,877,689
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5513 Class MF, U.S. 30-Day Avg. SOFR Index + 0.94%, 5.2643% 11/25/2054 (b)(c)
  
4,000,000
4,011,181
GreenPoint Mortgage Funding Trust Series 2005-AR4 Class 3A1, 6.1462% 10/25/2045 (b)
  
8,100,632
6,046,293
GreenPoint Mortgage Funding Trust Series 2005-AR4 Class 4A1A, CME Term SOFR 1 month Index + 0.7345%, 5.0538% 10/25/2045 (c)
  
1,309,235
1,209,525
HarborView Mortgage Loan Trust 2004-5 Series 2005-9 Class 2A1A, CME Term SOFR 1 month Index + 0.7945%, 5.1063% 6/20/2035 (b)(c)
  
502,114
459,169
JP Morgan Mortgage Trust Series 2024-10 Class A11, 5.602% 3/25/2055 (b)(d)
  
2,583,197
2,585,298
JP Morgan Resecuritization Trust Series 2014-6 Class 1A2, CME Term SOFR 1 month Index + 0.3245%, 3.5237% 7/27/2036 (b)(c)(d)
  
5,159,634
4,677,202
JP Morgan Seasoned Mortgage Trust Series 2024-1 Class A4, 4.4636% 10/25/2054 (b)(d)
  
1,977,968
1,922,398
Mill City Mortgage Loan Trust Series 2017-1 Class M3, 3.25% 11/25/2058 (d)
  
4,560,000
4,342,996
Morgan Stanley Mortgage Loan Trust Series 2005-9AR Class 1A, CME Term SOFR 1 month Index + 0.4045%, 4.7238% 12/25/2035 (b)(c)
  
1,220,801
887,049
Morgan Stanley Resecuritization Trust Series 2015-R6 Class 1A2, CME Term SOFR 1 month Index + 0.3745%, 4.6006% 7/26/2045 (c)(d)
  
2,803,484
2,759,648
Morgan Stanley Residential Mortgage Loan Trust Series 2024-NQM3 Class A1, 5.044% 7/25/2069 (b)(d)
  
2,775,120
2,760,574
Morgan Stanley Residential Mortgage Loan Trust Series 2024-RPL1 Class A1, 4% 6/25/2064
 
2,925,507
2,812,656
Nymt Loan Trust Series 2024-INV1 Class A1, 5.379% 6/25/2069 (d)
  
1,950,233
1,952,546
PRET LLC Series 2022-RN1 Class A1, 6.721% 7/25/2051 (d)(e)
  
550,653
555,107
PRET LLC Series 2022-RN2 Class A1, 5% 6/25/2052 (d)
  
243,007
242,271
PRET LLC Series 2024-NPL7 Class A1, 5.9251% 10/25/2054 (b)(d)
  
1,062,562
1,070,197
PRET LLC Series 2024-NPL8 Class A1, 5.9632% 11/25/2054 (d)
  
4,307,773
4,334,045
PRPM LLC Series 2024-7 Class A1, 5.87% 11/25/2029 (b)(d)
  
2,699,560
2,698,750
PRPM LLC Series 2024-8 Class A1, 5.897% 12/25/2029 (d)
  
3,858,524
3,882,076
PRPM LLC Series 2024-RPL3 Class A1, 4% 11/25/2054 (d)
  
3,025,985
2,929,058
RCKT Mortgage Trust Series 2025-CES1 Class A1A, 5.653% 1/25/2045 (d)
  
4,644,406
4,666,684
Sequoia Mortgage Trust Series 2024-HYB1 Class A1A, 4.5554% 11/25/2063 (b)(d)
  
1,277,561
1,256,281
Structured Asset Mortgage Investments II Trust Series 2006-AR3 Class 12A1, CME Term SOFR 1 month Index + 0.5545%, 4.8738% 5/25/2036 (b)(c)
  
3,699,501
3,038,627
Towd Point Mortgage Trust Series 2024-5 Class A1A, 4.4946% 10/25/2064 (b)(d)
  
3,414,419
3,444,700
Towd Point Mortgage Trust Series 2024-CES6 Class A1, 5.725% 11/25/2064 (d)
  
3,462,237
3,494,850
Verus Securitization Trust Series 2024-8 Class A1, 5.364% 10/25/2069 (b)(d)
  
953,356
953,955
Verus Securitization Trust Series 2024-R1 Class A1, 5.218% 9/25/2069 (b)(d)
  
1,892,541
1,892,355
TOTAL UNITED STATES
  
  
90,237,286
 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
 (Cost $95,294,492)
  
  
  
95,460,888
 
  
  
  
Common Stocks - 82.1%
 
  
Shares
Value ($)
 
ARGENTINA - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Despegar.com Corp (f)
  
9,213
177,074
BAHAMAS (NASSAU) - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Diversified Consumer Services - 0.0%
  
  
  
OneSpaWorld Holdings Ltd (g)
  
74,460
1,420,697
BAILIWICK OF JERSEY - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Aptiv PLC
 
75,900
4,942,608
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Coinshares International Ltd
 
377,846
2,554,744
TOTAL BAILIWICK OF JERSEY
  
  
7,497,352
BELGIUM - 0.0%
 
  
  
Health Care - 0.0%
  
  
  
Pharmaceuticals - 0.0%
  
  
  
UCB SA
 
41,500
7,815,732
BERMUDA - 0.1%
 
  
  
Financials - 0.1%
  
  
  
Insurance - 0.1%
  
  
  
Hamilton Insurance Group Ltd Class B (f)(g)
  
203,955
3,989,360
RenaissanceRe Holdings Ltd (g)
  
238,977
56,785,715
 
  
  
  
TOTAL BERMUDA
  
  
60,775,075
BRAZIL - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Broadline Retail - 0.0%
  
  
  
MercadoLibre Inc (f)
  
2,400
5,092,488
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
XP Inc Class A
 
54,098
765,487
Financial Services - 0.0%
  
  
  
Pagseguro Digital Ltd Class A (f)
  
165,314
1,216,711
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Wheaton Precious Metals Corp (United States)
 
40,907
2,819,310
TOTAL BRAZIL
  
  
9,893,996
CANADA - 0.5%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Restaurant Brands International Inc
 
90,100
5,877,752
Consumer Staples - 0.0%
  
  
  
Consumer Staples Distribution & Retail - 0.0%
  
  
  
Alimentation Couche-Tard Inc
 
39,600
1,968,846
Food Products - 0.0%
  
  
  
Sunopta Inc (United States) (f)
  
924,397
5,795,969
TOTAL CONSUMER STAPLES
  
  
7,764,815
 
  
  
  
Energy - 0.1%
  
  
  
Oil, Gas & Consumable Fuels - 0.1%
  
  
  
Africa Oil Corp
 
1,399,900
1,857,825
Athabasca Oil Corp (f)
  
1,070,800
3,523,074
Cameco Corp (United States) (g)
  
419,076
18,456,107
Imperial Oil Ltd
 
147,600
10,007,316
MEG Energy Corp
 
355,000
5,525,903
South Bow Corp
 
67,800
1,804,251
Suncor Energy Inc (United States)
 
143,854
5,506,731
Whitecap Resources Inc (OTC)
 
1,183,116
8,036,315
 
  
  
54,717,522
Financials - 0.2%
  
  
  
Capital Markets - 0.2%
  
  
  
Brookfield Asset Management Ltd Class A (United States)
 
77,885
4,406,733
Brookfield Corp Class A (United States) (g)
  
1,098,705
63,658,969
 
  
  
68,065,702
Insurance - 0.0%
  
  
  
Brookfield Wealth Solutions Ltd Class A (United States) (g)
  
6,440
372,554
Fairfax Financial Holdings Ltd Subordinate Voting Shares
 
5,017
7,213,071
 
  
  
7,585,625
TOTAL FINANCIALS
  
  
75,651,327
 
  
  
  
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Repare Therapeutics Inc (f)
  
7,699
9,085
Xenon Pharmaceuticals Inc (f)
  
50,000
1,851,000
 
  
  
1,860,085
Industrials - 0.0%
  
  
  
Electrical Equipment - 0.0%
  
  
  
Ballard Power Systems Inc (United States) (f)(g)
  
1,023,479
1,258,879
Ground Transportation - 0.0%
  
  
  
Canadian National Railway Co (United States)
 
127,400
12,913,264
TOTAL INDUSTRIALS
  
  
14,172,143
 
  
  
  
Information Technology - 0.2%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Celestica Inc (United States) (f)
  
143,794
15,393,148
IT Services - 0.2%
  
  
  
Shopify Inc Class A (United States) (f)
  
352,289
39,456,368
Software - 0.0%
  
  
  
Constellation Software Inc/Canada (OTC)
 
2,348
8,081,816
Descartes Systems Group Inc/The (United States) (f)
  
193,071
21,525,486
 
  
  
29,607,302
TOTAL INFORMATION TECHNOLOGY
  
  
84,456,818
 
  
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Franco-Nevada Corp (United States) (g)
  
131,383
18,779,886
Ssr Mining Inc (United States) (f)
  
6,929
69,221
Teck Resources Ltd Class B (United States)
 
26,962
1,087,377
 
  
  
19,936,484
Paper & Forest Products - 0.0%
  
  
  
West Fraser Timber Co Ltd (United States) (g)
  
206,433
16,415,552
TOTAL MATERIALS
  
  
36,352,036
 
  
  
  
Real Estate - 0.0%
  
  
  
Real Estate Management & Development - 0.0%
  
  
  
Real Brokerage Inc/The (f)
  
15,733
81,182
Real Matters Inc (OTC) (f)
  
201,619
805,500
 
  
  
886,682
Utilities - 0.0%
  
  
  
Gas Utilities - 0.0%
  
  
  
Brookfield Infrastructure Corp (United States) (g)
  
6,080
243,443
TOTAL CANADA
  
  
281,982,623
CHINA - 0.3%
 
  
  
Communication Services - 0.0%
  
  
  
Interactive Media & Services - 0.0%
  
  
  
Baidu Inc Class A ADR (f)
  
128,644
11,121,274
Consumer Discretionary - 0.0%
  
  
  
Broadline Retail - 0.0%
  
  
  
Alibaba Group Holding Ltd ADR
 
99,932
13,241,990
PDD Holdings Inc Class A ADR (f)
  
21,600
2,455,704
 
  
  
15,697,694
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Yum China Holdings Inc
 
99,047
4,893,912
TOTAL CONSUMER DISCRETIONARY
  
  
20,591,606
 
  
  
  
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Beigene Ltd ADR (f)
  
69,498
18,889,556
Information Technology - 0.3%
  
  
  
IT Services - 0.0%
  
  
  
GDS Holdings Ltd Class A ADR (f)(g)
  
248,736
9,464,405
Semiconductors & Semiconductor Equipment - 0.3%
  
  
  
indie Semiconductor Inc Class A (f)(g)
  
178,512
537,321
NXP Semiconductors NV
 
821,222
177,047,251
 
  
  
177,584,572
TOTAL INFORMATION TECHNOLOGY
  
  
187,048,977
 
  
  
  
TOTAL CHINA
  
  
237,651,413
CONGO DEMOCRATIC REPUBLIC OF - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Ivanhoe Mine Ltd Class A (f)
  
111,066
1,054,043
COSTA RICA - 0.0%
 
  
  
Health Care - 0.0%
  
  
  
Health Care Equipment & Supplies - 0.0%
  
  
  
Establishment Labs Holdings Inc (f)(g)
  
108,961
4,671,158
DENMARK - 0.0%
 
  
  
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Ascendis Pharma A/S ADR (f)
  
35,646
5,581,451
Pharmaceuticals - 0.0%
  
  
  
Novo Nordisk A/S Class B ADR
 
345,791
31,345,954
TOTAL DENMARK
  
  
36,927,405
FINLAND - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
Amer Sports Inc (f)
  
29,500
881,755
FRANCE - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Media - 0.0%
  
  
  
Criteo SA ADR (f)
  
251,057
9,743,522
GERMANY - 0.1%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
Deutsche Telekom AG
 
381,100
13,752,872
Consumer Discretionary - 0.0%
  
  
  
Specialty Retail - 0.0%
  
  
  
MYT Netherlands Parent BV ADR (f)(g)
  
1,483,816
15,491,039
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
BioNTech SE ADR (f)
  
15,000
1,693,800
Life Sciences Tools & Services - 0.0%
  
  
  
Gerresheimer AG
 
83,333
6,976,151
TOTAL HEALTH CARE
  
  
8,669,951
 
  
  
  
Industrials - 0.0%
  
  
  
Aerospace & Defense - 0.0%
  
  
  
Rheinmetall AG ADR
 
14,042
3,060,735
Information Technology - 0.1%
  
  
  
Software - 0.1%
  
  
  
SAP SE ADR
 
78,991
21,722,525
Materials - 0.0%
  
  
  
Paper & Forest Products - 0.0%
  
  
  
Mercer International Inc
 
14,105
110,865
TOTAL GERMANY
  
  
62,807,987
GHANA - 0.0%
 
  
  
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
Kosmos Energy Ltd (f)(g)
  
1,621,985
4,557,778
GRAND CAYMAN (UK OVERSEAS TER) - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Patria Investments Ltd Class A (g)
  
12,678
143,642
GREECE - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Eurobank Ergasias Services and Holdings SA
 
1,701,576
4,439,539
Piraeus Financial Holdings SA
 
552,800
2,610,240
 
  
  
  
TOTAL GREECE
  
  
7,049,779
INDIA - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
HDFC Bank Ltd ADR
 
27,300
1,682,226
Industrials - 0.0%
  
  
  
Professional Services - 0.0%
  
  
  
WNS Holdings Ltd ADR
 
131,436
7,474,765
TOTAL INDIA
  
  
9,156,991
IRELAND - 0.2%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
AIB Group PLC
 
487,928
3,427,503
Information Technology - 0.2%
  
  
  
IT Services - 0.2%
  
  
  
Accenture PLC Class A
 
336,670
117,329,495
TOTAL IRELAND
  
  
120,756,998
ISRAEL - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Interactive Media & Services - 0.0%
  
  
  
Taboola.com Ltd (f)
  
96,667
263,901
Information Technology - 0.0%
  
  
  
Software - 0.0%
  
  
  
Cellebrite DI Ltd (f)
  
381,492
7,080,492
JFrog Ltd (f)
  
24,235
890,636
Nice Ltd ADR (f)
  
44,159
6,146,050
Sapiens International Corp NV
 
1,281
35,329
SimilarWeb Ltd (f)
  
267,066
2,547,810
 
  
  
16,700,317
TOTAL ISRAEL
  
  
16,964,218
ITALY - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
Ermenegildo Zegna Holditalia Spa (g)
  
353,111
2,983,788
Industrials - 0.0%
  
  
  
Aerospace & Defense - 0.0%
  
  
  
Leonardo SpA
 
109,100
4,364,024
TOTAL ITALY
  
  
7,347,812
JAPAN - 0.0%
 
  
  
Industrials - 0.0%
  
  
  
Building Products - 0.0%
  
  
  
Daikin Industries Ltd ADR (g)
  
134,483
1,408,037
KOREA (SOUTH) - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Broadline Retail - 0.0%
  
  
  
Coupang Inc Class A (f)
  
357,100
8,463,270
MEXICO - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Southern Copper Corp
 
29,110
2,588,752
MONACO - 0.0%
 
  
  
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
Scorpio Tankers Inc
 
162,392
6,471,321
NETHERLANDS - 0.1%
 
  
  
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Argenx SE ADR (f)
  
14,500
9,057,715
Merus NV (f)
  
84,929
3,999,307
Newamsterdam Pharma Co NV (f)(g)
  
107,700
2,261,699
 
  
  
15,318,721
Information Technology - 0.1%
  
  
  
Semiconductors & Semiconductor Equipment - 0.1%
  
  
  
ASML Holding NV depository receipt
 
110,244
78,171,816
TOTAL NETHERLANDS
  
  
93,490,537
NORWAY - 0.0%
 
  
  
Information Technology - 0.0%
  
  
  
Software - 0.0%
  
  
  
Opera Ltd ADR
 
690,169
12,878,554
PANAMA - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Financial Services - 0.0%
  
  
  
Banco Latinoamericano de Comercio Exterior SA Class E
 
6,362
269,558
PORTUGAL - 0.0%
 
  
  
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
Galp Energia SGPS SA
 
265,900
4,384,812
PUERTO RICO - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
First BanCorp/Puerto Rico
 
782,193
15,229,298
Popular Inc
 
83,945
8,430,596
 
  
  
23,659,894
Financial Services - 0.0%
  
  
  
EVERTEC Inc
 
198,324
7,405,418
TOTAL PUERTO RICO
  
  
31,065,312
SINGAPORE - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Interactive Media & Services - 0.0%
  
  
  
Grindr Inc Class A (f)(g)
  
59,127
1,084,980
SPAIN - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
Cellnex Telecom SA (d)(h)
  
34,500
1,229,025
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Banco Santander SA
 
593,400
3,809,128
TOTAL SPAIN
  
  
5,038,153
SWEDEN - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Autoliv Inc
 
96,860
9,429,321
Financials - 0.0%
  
  
  
Insurance - 0.0%
  
  
  
SiriusPoint Ltd (f)
  
259,562
3,981,681
TOTAL SWEDEN
  
  
13,411,002
SWITZERLAND - 0.1%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Garrett Motion Inc (g)
  
768,626
7,424,927
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
UBS Group AG (United States) (g)
  
197,888
6,785,580
Health Care - 0.0%
  
  
  
Life Sciences Tools & Services - 0.0%
  
  
  
Lonza Group AG ADR
 
90,883
5,739,261
Information Technology - 0.1%
  
  
  
Electronic Equipment, Instruments & Components - 0.1%
  
  
  
TE Connectivity PLC
 
169,798
26,153,986
TOTAL SWITZERLAND
  
  
46,103,754
TAIWAN - 0.2%
 
  
  
Information Technology - 0.2%
  
  
  
Semiconductors & Semiconductor Equipment - 0.2%
  
  
  
Taiwan Semiconductor Manufacturing Co Ltd ADR
 
645,717
116,571,290
THAILAND - 0.0%
 
  
  
Information Technology - 0.0%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Fabrinet (f)
  
86,718
17,347,936
UNITED KINGDOM - 0.2%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Flutter Entertainment PLC (f)
  
40,100
11,251,659
Genius Sports Ltd Class A (f)(g)
  
2,063,604
17,912,083
Soho House & Co Inc Class A (f)
  
1,100
7,744
 
  
  
29,171,486
Consumer Staples - 0.1%
  
  
  
Beverages - 0.0%
  
  
  
Diageo PLC
 
38,000
1,033,918
Food Products - 0.1%
  
  
  
Nomad Foods Ltd
 
1,077,059
20,356,416
Personal Care Products - 0.0%
  
  
  
Unilever PLC ADR
 
312,742
17,701,197
TOTAL CONSUMER STAPLES
  
  
39,091,531
 
  
  
  
Energy - 0.0%
  
  
  
Energy Equipment & Services - 0.0%
  
  
  
TechnipFMC PLC
 
383,792
11,298,835
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
London Stock Exchange Group PLC
 
26,104
3,903,270
Marex Group PLC
 
344,088
12,607,384
 
  
  
16,510,654
Insurance - 0.0%
  
  
  
Direct Line Insurance Group PLC
 
956,053
3,338,471
Fidelis Insurance Holdings Ltd
 
34,409
506,156
 
  
  
3,844,627
TOTAL FINANCIALS
  
  
20,355,281
 
  
  
  
Health Care - 0.1%
  
  
  
Health Care Equipment & Supplies - 0.0%
  
  
  
Smith & Nephew PLC ADR (g)
  
337,782
9,782,167
Pharmaceuticals - 0.1%
  
  
  
Astrazeneca PLC ADR
 
289,982
22,099,528
Verona Pharma PLC ADR (f)
  
221,468
15,420,817
 
  
  
37,520,345
TOTAL HEALTH CARE
  
  
47,302,512
 
  
  
  
Industrials - 0.0%
  
  
  
Commercial Services & Supplies - 0.0%
  
  
  
Rentokil Initial PLC ADR (g)
  
458,175
11,550,592
Machinery - 0.0%
  
  
  
Luxfer Holdings PLC
 
6,180
75,396
TOTAL INDUSTRIALS
  
  
11,625,988
 
  
  
  
TOTAL UNITED KINGDOM
  
  
158,845,633
UNITED STATES - 80.3%
 
  
  
Communication Services - 7.5%
  
  
  
Diversified Telecommunication Services - 0.7%
  
  
  
AT&T Inc
 
15,828,257
433,852,524
Atn International Inc
 
28,162
486,639
Bandwidth Inc Class A (f)
  
14,245
227,493
Frontier Communications Parent Inc (f)
  
8,863
318,979
GCI Liberty Inc Class A (f)(i)
  
105,502
1
IDT Corp Class B
 
101
4,905
Iridium Communications Inc
 
86,145
2,718,736
Lumen Technologies Inc (f)
  
31,500
148,680
Verizon Communications Inc
 
2,305,888
99,383,773
 
  
  
537,141,730
Entertainment - 1.4%
  
  
  
Cinemark Holdings Inc (g)
  
44,400
1,137,084
Electronic Arts Inc
 
231,220
29,855,126
Eventbrite Inc Class A (f)
  
213,200
520,208
Liberty Media Corp-Liberty Formula One Class C (f)
  
36,700
3,538,981
Lions Gate Entertainment Corp Class B (f)
  
14,021
123,525
Live Nation Entertainment Inc (f)
  
74,200
10,637,312
Madison Square Garden Entertainment Corp Class A (f)
  
3,319
114,605
Madison Square Garden Sports Corp Class A (f)
  
790
160,915
Marcus Corp/The
 
55,919
1,025,554
Netflix Inc (f)
  
574,305
563,140,512
Playstudios Inc Class A (f)
  
14,967
24,396
ROBLOX Corp Class A (f)
  
31,200
1,985,568
Roku Inc Class A (f)
  
69,910
5,838,184
Skillz Inc Class A (f)
  
104
612
Spotify Technology SA (f)
  
48,483
29,478,149
Take-Two Interactive Software Inc (f)
  
21,476
4,552,482
TKO Group Holdings Inc Class A
 
15,708
2,366,253
Walt Disney Co/The
 
3,178,050
361,662,090
Warner Bros Discovery Inc (f)
  
428,942
4,915,675
Warner Music Group Corp Class A (g)
  
1,652,498
55,689,183
 
  
  
1,076,766,414
Interactive Media & Services - 4.5%
  
  
  
Alphabet Inc Class A
 
4,973,991
846,971,187
Alphabet Inc Class C
 
5,927,599
1,020,851,101
Angi Inc Class A (f)(g)
  
6,331
10,636
Cars.com Inc (f)(g)
  
14,036
185,275
EverQuote Inc Class A (f)
  
220,133
5,917,175
Match Group Inc
 
78,200
2,479,722
MediaAlpha Inc Class A (f)
  
38,439
357,098
Meta Platforms Inc Class A
 
2,406,821
1,608,237,793
Nextdoor Holdings Inc Class A (f)
  
285,347
505,064
QuinStreet Inc (f)
  
467,113
9,146,073
Reddit Inc Class A
 
16,900
2,734,082
Shutterstock Inc (g)
  
6,988
150,172
TripAdvisor Inc Class A (f)
  
350,864
5,192,787
TrueCar Inc (f)
  
300
699
Yelp Inc Class A (f)(g)
  
259,866
8,916,002
ZipRecruiter Inc Class A (f)
  
763,214
4,273,998
ZoomInfo Technologies Inc (f)
  
99,367
1,158,619
 
  
  
3,517,087,483
Media - 0.6%
  
  
  
Altice USA Inc Class A (f)
  
44,600
127,556
AMC Networks Inc Class A (f)
  
11,900
86,870
Charter Communications Inc Class A (f)
  
396,351
144,101,333
Comcast Corp Class A
 
4,181,196
150,021,312
Entravision Communications Corp Class A (g)
  
8,206
18,299
EW Scripps Co/The Class A (f)(g)
  
79,100
128,142
Fox Corp Class A
 
513,000
29,548,800
Fox Corp Class B
 
159,322
8,614,541
Gannett Co Inc (f)(g)
  
143,100
578,124
Gray Media Inc
 
15,378
57,821
Integral Ad Science Holding Corp (f)(g)
  
15,928
167,563
Interpublic Group of Cos Inc/The
 
373,300
10,228,420
John Wiley & Sons Inc Class A
 
1,000
39,880
Liberty Broadband Corp Class A (f)
  
33,900
2,763,867
Liberty Broadband Corp Class C (f)
  
4,757
391,311
New York Times Co/The Class A
 
576,674
27,732,253
News Corp Class A
 
241,056
6,899,023
News Corp Class B
 
12,026
388,199
Nexstar Media Group Inc
 
86,663
14,659,046
Omnicom Group Inc
 
378,553
31,329,046
Paramount Global Class B (g)
  
125,395
1,424,487
Scholastic Corp (g)
  
13,300
291,137
Sinclair Inc Class A
 
4,200
60,984
Sirius XM Holdings Inc (g)
  
292,200
7,068,318
TechTarget Inc/old
 
4,189
61,453
TEGNA Inc
 
597,614
10,876,575
Thryv Holdings Inc (f)(g)
  
18,844
324,871
Trade Desk Inc (The) Class A (f)
  
4,400
309,408
WideOpenWest Inc (f)
  
4,200
20,706
 
  
  
448,319,345
Wireless Telecommunication Services - 0.3%
  
  
  
T-Mobile US Inc
 
864,530
233,155,096
Telephone and Data Systems Inc
 
36,500
1,317,650
United States Cellular Corp (f)
  
7,400
485,292
 
  
  
234,958,038
TOTAL COMMUNICATION SERVICES
  
  
5,814,273,010
 
  
  
  
Consumer Discretionary - 8.9%
  
  
  
Automobile Components - 0.1%
  
  
  
Adient PLC (f)
  
657,649
10,410,584
American Axle & Manufacturing Holdings Inc (f)
  
3,942
19,552
BorgWarner Inc
 
975,188
29,031,347
Cooper-Standard Holdings Inc (f)
  
5,900
89,326
Dana Inc (g)
  
33,185
493,461
Dorman Products Inc (f)
  
6,286
826,358
Gentex Corp
 
406,926
9,896,440
Goodyear Tire & Rubber Co/The (f)(g)
  
669,300
6,324,885
Lear Corp
 
72,493
6,813,617
Modine Manufacturing Co (f)(g)
  
279,803
23,660,142
Motorcar Parts of America Inc (f)
  
3,415
36,882
Patrick Industries Inc
 
6,729
609,647
Phinia Inc
 
77,000
3,796,870
Stoneridge Inc (f)
  
27,600
155,112
Visteon Corp (f)
  
9,806
850,376
 
  
  
93,014,599
Automobiles - 1.0%
  
  
  
Ford Motor Co
 
1,251,500
11,951,825
General Motors Co
 
1,063,861
52,267,491
Harley-Davidson Inc
 
358,600
9,237,535
Tesla Inc (f)
  
2,390,473
700,360,780
 
  
  
773,817,631
Broadline Retail - 3.2%
  
  
  
Amazon.com Inc (f)
  
11,305,783
2,399,991,616
eBay Inc
 
881,796
57,087,473
Etsy Inc (f)
  
77,987
3,992,155
Kohl's Corp
 
232,700
2,655,107
Macy's Inc
 
481,838
6,914,375
Nordstrom Inc (g)
  
4,100
99,589
QVC Group Inc Class A (f)
  
49,800
16,618
 
  
  
2,470,756,933
Distributors - 0.0%
  
  
  
Genuine Parts Co
 
5,800
724,304
LKQ Corp
 
724,302
30,558,301
Pool Corp (g)
  
89,172
30,942,684
 
  
  
62,225,289
Diversified Consumer Services - 0.2%
  
  
  
ADT Inc
 
2,948,087
24,144,833
Adtalem Global Education Inc (f)
  
2,100
214,851
Bright Horizons Family Solutions Inc (f)
  
262,359
34,017,468
Chegg Inc (f)
  
45,900
50,030
Coursera Inc (f)
  
148,711
1,177,791
Duolingo Inc Class A (f)
  
11,856
3,699,902
Frontdoor Inc (f)
  
135,264
6,151,807
Grand Canyon Education Inc (f)
  
95,767
17,220,822
H&R Block Inc (g)
  
54,087
2,948,282
Laureate Education Inc (f)
  
290,303
5,788,642
Perdoceo Education Corp (g)
  
109,116
2,793,370
Service Corp International/US
 
298,247
24,158,007
Strategic Education Inc
 
1,874
150,913
Stride Inc (f)(g)
  
99,231
13,574,801
 
  
  
136,091,519
Hotels, Restaurants & Leisure - 1.9%
  
  
  
Airbnb Inc Class A (f)
  
355,701
49,396,198
Aramark
 
1,766
65,430
Bloomin' Brands Inc (g)
  
16,000
150,080
Booking Holdings Inc
 
35,879
179,969,424
Brinker International Inc (f)
  
35,870
5,912,452
Caesars Entertainment Inc (f)
  
79,830
2,651,953
Carnival Corp (f)
  
102,022
2,441,386
Cava Group Inc (f)
  
14,200
1,349,426
Chipotle Mexican Grill Inc (f)
  
2,743,606
148,072,417
Churchill Downs Inc
 
125,483
14,869,736
Darden Restaurants Inc
 
34,300
6,875,778
Dine Brands Global Inc (g)
  
194,308
4,873,245
Domino's Pizza Inc
 
35,809
17,536,025
DoorDash Inc Class A (f)
  
86,000
17,065,840
DraftKings Inc Class A (f)
  
533,207
23,386,459
Dutch Bros Inc Class A (f)
  
53,777
4,256,987
Everi Holdings Inc (f)
  
13,633
187,726
Expedia Group Inc Class A
 
102,123
20,216,269
Hilton Worldwide Holdings Inc
 
690,958
183,076,233
Hyatt Hotels Corp Class A (g)
  
137,207
19,339,327
Krispy Kreme Inc (g)
  
421,038
2,614,646
Kura Sushi USA Inc Class A (f)
  
174,826
10,874,177
Las Vegas Sands Corp
 
465,294
20,803,295
Life Time Group Holdings Inc (f)
  
43,274
1,318,126
Lindblad Expeditions Holdings Inc (f)
  
617,234
6,894,504
Lucky Strike Entertainment Corp Class A (g)
  
569,818
6,085,656
Marriott International Inc/MD Class A1
 
252,901
70,926,085
McDonald's Corp
 
809,308
249,533,937
MGM Resorts International (f)
  
180,300
6,267,228
Norwegian Cruise Line Holdings Ltd (f)
  
306,710
6,968,451
Papa John's International Inc (g)
  
143,377
6,502,147
Planet Fitness Inc Class A (f)
  
44,019
4,073,958
PlayAGS Inc (f)
  
12,754
154,578
Potbelly Corp (f)
  
560,331
7,144,220
Red Robin Gourmet Burgers Inc (f)
  
15,581
87,721
Red Rock Resorts Inc Class A
 
26,100
1,304,217
Royal Caribbean Cruises Ltd
 
254,864
62,722,030
Rush Street Interactive Inc Class A (f)
  
160,893
1,876,012
Shake Shack Inc Class A (f)
  
29,710
3,226,506
Sportradar Holding AG Class A (f)(g)
  
217,809
4,706,852
Starbucks Corp
 
639,856
74,101,723
Sweetgreen Inc Class A (f)
  
210,661
4,794,644
Texas Roadhouse Inc
 
129,127
23,770,989
Travel + Leisure Co
 
9,298
519,014
United Parks & Resorts Inc (f)(g)
  
185,711
9,378,406
Vail Resorts Inc
 
76,138
12,105,181
Wingstop Inc
 
42,287
9,928,142
Wynn Resorts Ltd
 
134,948
12,053,555
Yum! Brands Inc
 
899,909
140,718,770
 
  
  
1,463,147,161
Household Durables - 0.4%
  
  
  
Cavco Industries Inc (f)
  
13,728
7,200,748
Century Communities Inc
 
8,334
578,630
Champion Homes Inc (f)
  
167,666
17,185,765
Cricut Inc Class A (g)
  
4,300
23,220
DR Horton Inc
 
201,230
25,517,976
Gopro Inc Class A (f)
  
47,556
35,496
Hovnanian Enterprises Inc Class A (f)
  
400
40,684
Installed Building Products Inc (g)
  
41,183
7,058,766
Leggett & Platt Inc
 
202,472
1,856,668
Lennar Corp Class A
 
266,615
31,895,152
Lennar Corp Class B
 
400
46,280
LGI Homes Inc (f)
  
93,663
6,877,674
M/I Homes Inc (f)
  
26,677
3,124,677
Meritage Homes Corp
 
400
28,988
Mohawk Industries Inc (f)
  
47,943
5,637,617
Newell Brands Inc
 
409,852
2,631,250
NVR Inc (f)
  
6,360
46,081,889
PulteGroup Inc
 
320,113
33,061,271
SharkNinja Inc (f)
  
165,813
17,425,288
Somnigroup International Inc
 
43,510
2,779,419
Sonos Inc (f)
  
173,328
2,291,396
Taylor Morrison Home Corp (f)
  
78,686
4,850,205
Toll Brothers Inc
 
252,453
28,183,853
TopBuild Corp (f)
  
52,994
16,236,832
Traeger Inc (f)
  
465
1,079
Tri Pointe Homes Inc (f)
  
193,747
6,134,030
Universal Electronics Inc (f)
  
693
5,398
Whirlpool Corp (g)
  
76,277
7,764,236
 
  
  
274,554,487
Leisure Products - 0.0%
  
  
  
Brunswick Corp/DE
 
144,950
8,820,208
Hasbro Inc
 
199,133
12,965,550
JAKKS Pacific Inc
 
1,899
51,424
Polaris Inc (g)
  
56,148
2,522,168
YETI Holdings Inc (f)(g)
  
70,666
2,518,536
 
  
  
26,877,886
Specialty Retail - 1.8%
  
  
  
Abercrombie & Fitch Co Class A (f)
  
34,878
3,592,085
Academy Sports & Outdoors Inc
 
282,783
14,023,209
American Eagle Outfitters Inc
 
4,400
57,596
Asbury Automotive Group Inc (f)(g)
  
35,815
9,612,746
AutoNation Inc (f)
  
140,867
25,689,915
AutoZone Inc (f)
  
13,386
46,757,432
BARK Inc (f)
  
1,800
3,042
Bath & Body Works Inc
 
483,003
17,499,199
Best Buy Co Inc
 
218,900
19,681,299
Boot Barn Holdings Inc (f)(g)
  
27,322
3,345,032
Buckle Inc/The
 
48,128
1,927,526
Burlington Stores Inc (f)
  
585,476
145,976,732
CarMax Inc (f)
  
49,000
4,065,530
Carparts Com Inc (f)
  
83,211
80,665
Carvana Co Class A (f)
  
148,694
34,660,571
Cato Corp/The Class A
 
3,018
9,265
Chewy Inc Class A (f)
  
44,247
1,648,643
Dick's Sporting Goods Inc
 
80,754
18,177,725
Duluth Holdings Inc Class B (f)
  
257
707
Five Below Inc (f)
  
40,766
3,542,158
Foot Locker Inc (f)
  
101,155
1,752,005
Gap Inc/The
 
67,001
1,514,893
Genesco Inc (f)
  
65,444
2,393,287
Group 1 Automotive Inc (g)
  
32,863
15,103,178
GrowGeneration Corp (f)
  
1,076
1,227
Guess? Inc (g)
  
363,678
3,694,968
Home Depot Inc/The
 
724,170
287,205,823
J Jill Inc
 
777
18,415
Lands' End Inc (f)
  
300
3,534
Leslie's Inc (f)
  
11,500
11,960
Lithia Motors Inc Class A
 
73,252
25,230,919
LL Flooring Holdings Inc (f)(i)
  
7,900
0
Lowe's Cos Inc
 
1,294,835
321,947,775
MarineMax Inc (f)(g)
  
277,743
7,040,785
Monro Inc
 
52,499
935,007
Murphy USA Inc
 
86,889
40,771,794
National Vision Holdings Inc (f)
  
11,900
151,249
O'Reilly Automotive Inc (f)
  
62,907
86,411,571
ODP Corp/The (f)
  
66,070
1,028,049
Penske Automotive Group Inc
 
85,284
14,389,969
Petco Health & Wellness Co Inc Class A (f)
  
127,776
343,717
RealReal Inc/The (f)
  
11,800
80,476
Revolve Group Inc Class A (f)(g)
  
536,460
14,248,378
RH (f)
  
5,807
1,870,260
Ross Stores Inc
 
330,142
46,325,525
Sally Beauty Holdings Inc (f)
  
251,200
2,265,824
Signet Jewelers Ltd (g)
  
88,908
4,651,667
Sleep Number Corp (f)(g)
  
16,300
229,341
Sportsman's Warehouse Holdings Inc (f)
  
700,014
959,019
Stitch Fix Inc Class A (f)(g)
  
99,534
470,796
TJX Cos Inc/The
 
952,012
118,773,017
Tractor Supply Co
 
102,700
5,684,445
Ulta Beauty Inc (f)
  
41,712
15,281,608
Upbound Group Inc (g)
  
31,904
823,761
Urban Outfitters Inc (f)
  
15,554
905,087
Warby Parker Inc Class A (f)
  
331,492
8,197,797
Wayfair Inc Class A (f)(g)
  
31,120
1,230,796
Williams-Sonoma Inc
 
31,500
6,129,270
Winmark Corp
 
90
30,248
Zumiez Inc (f)(g)
  
43,308
617,572
 
  
  
1,389,076,089
Textiles, Apparel & Luxury Goods - 0.3%
  
  
  
Capri Holdings Ltd (f)
  
27,500
604,450
Crocs Inc (f)
  
194,296
19,346,053
Deckers Outdoor Corp (f)
  
153,037
21,327,236
G-III Apparel Group Ltd (f)(g)
  
60,087
1,626,555
Hanesbrands Inc (f)
  
79,800
481,194
Kontoor Brands Inc
 
88,585
5,761,568
Levi Strauss & Co Class A
 
10,800
194,076
Lululemon Athletica Inc (f)
  
92,326
33,755,309
Movado Group Inc
 
1,300
25,102
NIKE Inc Class B
 
405,550
32,212,837
PVH Corp
 
120,042
8,983,943
Ralph Lauren Corp Class A
 
89,027
24,138,781
Skechers USA Inc Class A (f)
  
227,326
13,864,613
Steven Madden Ltd
 
8,845
290,028
Tapestry Inc
 
557,911
47,656,758
 
  
  
210,268,503
TOTAL CONSUMER DISCRETIONARY
  
  
6,899,830,097
 
  
  
  
Consumer Staples - 4.2%
  
  
  
Beverages - 1.3%
  
  
  
Boston Beer Co Inc/The Class A (f)
  
11,675
2,846,015
Brown-Forman Corp Class B (g)
  
343,191
11,363,054
Coca-Cola Co/The
 
4,811,594
342,633,609
Coca-Cola Consolidated Inc
 
15,089
21,382,924
Constellation Brands Inc Class A
 
89,366
15,683,733
Keurig Dr Pepper Inc
 
3,617,354
121,253,706
Molson Coors Beverage Co Class B
 
607,889
37,257,517
Monster Beverage Corp (f)
  
758,239
41,437,761
National Beverage Corp (g)
  
53,331
2,124,173
PepsiCo Inc
 
2,527,139
387,840,022
Primo Brands Corp Class A
 
515,159
17,355,707
Vita Coco Co Inc/The (f)
  
107,614
3,490,998
 
  
  
1,004,669,219
Consumer Staples Distribution & Retail - 1.2%
  
  
  
Albertsons Cos Inc
 
751,109
15,803,333
Andersons Inc/The
 
2,500
106,950
BJ's Wholesale Club Holdings Inc (f)
  
407,991
41,313,169
Casey's General Stores Inc
 
22,163
9,180,136
Costco Wholesale Corp
 
329,923
345,960,558
Ingles Markets Inc Class A (g)
  
104,306
6,408,561
Kroger Co/The
 
1,118,400
72,494,688
Performance Food Group Co (f)
  
280,246
23,860,144
PriceSmart Inc
 
116,528
10,416,438
SpartanNash Co
 
8,402
169,636
Sprouts Farmers Market Inc (f)
  
45,447
6,744,335
Sysco Corp
 
548,525
41,435,579
Target Corp
 
171,756
21,338,965
United Natural Foods Inc (f)
  
139,561
4,436,644
US Foods Holding Corp (f)
  
466,271
33,422,305
Walgreens Boots Alliance Inc
 
129,100
1,378,788
Walmart Inc
 
3,332,503
328,618,121
Weis Markets Inc (g)
  
27,955
2,068,111
 
  
  
965,156,461
Food Products - 0.4%
  
  
  
BRC Inc Class A (f)
  
300
774
Bunge Global SA
 
133,700
9,919,203
Cal-Maine Foods Inc
 
4,549
411,184
Calavo Growers Inc
 
4,878
111,804
Conagra Brands Inc
 
616,828
15,753,787
Darling Ingredients Inc (f)
  
65,882
2,377,681
Dole PLC (g)
  
322,876
4,723,676
Flowers Foods Inc (g)
  
295,161
5,531,317
Fresh Del Monte Produce Inc
 
15,324
467,229
Freshpet Inc (f)
  
183,290
19,617,529
General Mills Inc
 
601,335
36,452,928
Hain Celestial Group Inc (f)
  
3,800
13,604
Hormel Foods Corp
 
133,200
3,813,516
Ingredion Inc (g)
  
161,351
21,074,054
J & J Snack Foods Corp
 
300
39,432
JM Smucker Co
 
90,600
10,014,018
John B Sanfilippo & Son Inc
 
524
37,031
Kraft Heinz Co/The
 
544,330
16,716,374
Lamb Weston Holdings Inc
 
47,700
2,474,199
Lancaster Colony Corp
 
76,452
14,614,182
Lifeway Foods Inc (f)(g)
  
3,369
71,254
Limoneira Co
 
100
2,204
Mama's Creations Inc (f)(g)
  
803,846
4,915,518
McCormick & Co Inc/MD
 
52,900
4,370,069
Mission Produce Inc (f)
  
306
3,779
Mondelez International Inc
 
1,483,789
95,303,768
Seaboard Corp
 
48
134,501
Simply Good Foods Co/The (f)
  
187,700
7,085,675
The Campbell's Company
 
323,500
12,959,410
Tootsie Roll Industries Inc Class A
 
29,146
903,235
Tyson Foods Inc Class A
 
200,403
12,292,720
Vital Farms Inc (f)
  
31,333
1,037,436
WK Kellogg Co (g)
  
219,667
4,353,800
 
  
  
307,596,891
Household Products - 0.7%
  
  
  
Central Garden & Pet Co Class A
 
28,807
906,844
Church & Dwight Co Inc
 
16,726
1,859,931
Clorox Co/The
 
143,774
22,484,816
Colgate-Palmolive Co
 
903,179
82,342,829
Energizer Holdings Inc
 
248,600
7,639,478
Kimberly-Clark Corp
 
497,160
70,601,692
Procter & Gamble Co/The
 
1,788,059
310,836,177
Reynolds Consumer Products Inc
 
16,300
399,024
Spectrum Brands Holdings Inc
 
64,271
4,977,146
WD-40 Co (g)
  
23,947
5,714,233
 
  
  
507,762,170
Personal Care Products - 0.2%
  
  
  
BellRing Brands Inc (f)
  
377,091
27,633,228
Coty Inc Class A (f)
  
14,600
83,073
elf Beauty Inc (f)(g)
  
285,794
20,077,029
Estee Lauder Cos Inc/The Class A
 
147,038
10,573,503
Herbalife Ltd (f)(g)
  
169,634
1,407,962
Honest Co Inc/The (f)
  
2,442,095
13,187,313
Interparfums Inc (g)
  
66,876
9,290,414
Kenvue Inc
 
2,404,018
56,734,825
Medifast Inc (f)(g)
  
21,300
305,868
Nu Skin Enterprises Inc Class A
 
70,400
557,568
USANA Health Sciences Inc (f)
  
19,519
577,567
 
  
  
140,428,350
Tobacco - 0.4%
  
  
  
Altria Group Inc
 
1,934,536
108,043,836
Philip Morris International Inc
 
1,407,003
218,479,426
Turning Point Brands Inc
 
23,057
1,620,907
 
  
  
328,144,169
TOTAL CONSUMER STAPLES
  
  
3,253,757,260
 
  
  
  
Energy - 2.8%
  
  
  
Energy Equipment & Services - 0.2%
  
  
  
Aris Water Solutions Inc Class A
 
5,674
178,504
Baker Hughes Co Class A
 
3,060,887
136,484,952
Cactus Inc Class A
 
115,519
6,069,368
ChampionX Corp
 
3,702
110,320
Flowco Holdings Inc Class A
 
15,877
409,627
Halliburton Co
 
488,100
12,871,197
Liberty Energy Inc Class A (g)
  
47,273
816,405
NOV Inc (g)
  
59,920
894,006
Oceaneering International Inc (f)
  
28,136
621,524
Oil States International Inc (f)
  
109,100
593,504
Patterson-UTI Energy Inc
 
28,379
235,829
ProPetro Holding Corp (f)
  
1,600
13,504
Schlumberger NV
 
783,449
32,638,485
Solaris Energy Infrastructure Inc Class A (g)
  
243,287
8,308,251
TETRA Technologies Inc (f)(g)
  
52,400
198,596
Transocean Ltd (f)(g)
  
102,759
303,139
Weatherford International PLC
 
89,806
5,559,889
 
  
  
206,307,100
Oil, Gas & Consumable Fuels - 2.6%
  
  
  
Antero Midstream Corp
 
228,299
3,869,668
Antero Resources Corp (f)
  
327,966
12,036,352
APA Corp
 
184,800
3,825,360
Berry Corp
 
36,100
146,927
California Resources Corp
 
41,103
1,834,016
Cheniere Energy Inc
 
184,524
42,174,805
Chevron Corp
 
1,375,877
218,241,610
Chord Energy Corp
 
20,510
2,344,293
Civitas Resources Inc (g)
  
75,181
2,882,440
Clean Energy Fuels Corp (f)(g)
  
261,709
533,886
CNX Resources Corp (f)
  
131,700
3,806,130
Comstock Resources Inc (f)(g)
  
40,300
724,594
ConocoPhillips
 
2,104,424
208,653,640
Coterra Energy Inc
 
473,900
12,790,561
Delek US Holdings Inc (g)
  
334,983
5,460,223
Devon Energy Corp
 
267,086
9,673,855
Diamondback Energy Inc
 
137,974
21,932,347
Dorian LPG Ltd (g)
  
64,032
1,303,692
DT Midstream Inc
 
171,653
16,494,137
EOG Resources Inc
 
1,199,469
152,260,595
Eqt Corp
 
486,844
23,451,275
Expand Energy Corp
 
80,138
7,924,045
Exxon Mobil Corp
 
6,368,376
708,991,300
FutureFuel Corp
 
34,700
156,844
Green Plains Inc (f)
  
35,000
205,450
Gulfport Energy Corp (f)
  
5,720
971,256
Hess Corp
 
91,465
13,622,797
HF Sinclair Corp
 
531,253
18,737,293
Kinder Morgan Inc
 
771,600
20,910,360
Kinetik Holdings Inc Class A
 
502
29,287
Magnolia Oil & Gas Corp Class A (g)
  
394,581
9,237,141
Marathon Petroleum Corp
 
250,060
37,554,011
Matador Resources Co (g)
  
552,595
28,922,822
Murphy Oil Corp
 
300,202
7,952,351
Navigator Holdings Ltd
 
123,048
1,867,869
New Fortress Energy Inc Class A (g)
  
764,321
7,643,210
NextDecade Corp (f)
  
3,000
24,660
Northern Oil & Gas Inc (g)
  
303,409
9,557,384
Occidental Petroleum Corp
 
300
14,652
Ovintiv Inc
 
403,725
17,545,889
Par Pacific Holdings Inc (f)
  
105,825
1,520,705
PBF Energy Inc Class A (g)
  
36,919
791,174
Permian Resources Corp Class A
 
1,275,807
17,976,121
Phillips 66
 
415,300
53,860,257
Plains GP Holdings LP Class A
 
62,456
1,349,050
Range Resources Corp
 
149,200
5,538,304
REX American Resources Corp (f)
  
33,114
1,278,863
SandRidge Energy Inc
 
500
5,849
Shell PLC ADR
 
620,561
41,863,045
Sitio Royalties Corp Class A
 
6,600
132,000
SM Energy Co
 
169,415
5,541,565
Targa Resources Corp
 
306,846
61,896,975
Texas Pacific Land Corp (g)
  
40,419
57,716,311
Valero Energy Corp
 
344,129
44,987,984
Williams Cos Inc/The
 
773,408
44,996,877
 
  
  
1,975,764,107
TOTAL ENERGY
  
  
2,182,071,207
 
  
  
  
Financials - 13.5%
  
  
  
Banks - 3.8%
  
  
  
1st Source Corp
 
21,010
1,363,549
Amalgamated Financial Corp (g)
  
6,124
198,724
Ameris Bancorp
 
200
12,916
Associated Banc-Corp
 
255,305
6,344,329
Axos Financial Inc (f)
  
102,790
6,866,372
Banc of California Inc
 
226,707
3,371,133
Bancorp Inc/The (f)(g)
  
87,039
4,858,517
Bank of America Corp
 
11,969,451
551,791,691
Bank OZK (g)
  
75,662
3,632,533
Bank7 Corp (g)
  
3,615
149,010
BankUnited Inc (g)
  
232,035
8,719,875
Banner Corp
 
182,342
12,577,951
BOK Financial Corp
 
4,691
511,131
Brookline Bancorp Inc
 
971
11,458
Byline Bancorp Inc
 
600
17,124
Cadence Bank
 
249,936
8,287,878
Camden National Corp
 
6,790
298,624
Capitol Federal Financial Inc
 
45,315
268,265
Cathay General Bancorp
 
1,100
51,645
Citigroup Inc
 
2,652,404
212,059,700
Citizens Financial Group Inc
 
1,320,313
60,430,726
Coastal Financial Corp/WA Class A (f)
  
2,668
263,412
Comerica Inc
 
182,317
11,728,453
Commerce Bancshares Inc/MO
 
88,915
5,783,921
Community Trust Bancorp Inc
 
12,295
671,184
Connectone Bancorp  Inc
 
35,680
910,910
CrossFirst Bankshares Inc (f)
  
10,331
165,193
Cullen/Frost Bankers Inc (g)
  
44,863
6,147,577
Customers Bancorp Inc (f)
  
10,500
567,000
Dime Community Bancshares Inc
 
4,690
145,390
East West Bancorp Inc
 
177,722
16,782,288
Enterprise Financial Services Corp
 
12,896
761,896
Esquire Financial Holdings Inc
 
11,475
884,952
FB Financial Corp
 
12,408
626,852
Fifth Third Bancorp
 
3,874,816
168,438,252
First Business Financial Services Inc
 
5,976
317,565
First Citizens BancShares Inc/NC Class A
 
8,998
18,428,444
First Commonwealth Financial Corp
 
500
8,219
First Financial Bankshares Inc (g)
  
80,911
3,047,108
First Hawaiian Inc
 
388,820
10,463,146
First Horizon Corp
 
973,813
20,975,932
First Interstate Bank of Calif
 
7,417
220,062
First of Long Island Corp/The
 
10,889
143,408
Flushing Financial Corp
 
41,269
591,385
FNB Corp/PA
 
313,995
4,659,686
Hancock Whitney Corp
 
79,463
4,539,721
Harborone Northeast Bancorp Inc
 
63,533
736,347
Heritage Commerce Corp
 
25,350
268,964
Hilltop Holdings Inc
 
5,742
183,687
Home BancShares Inc/AR
 
1,398
41,870
HomeStreet Inc (f)
  
2,203
22,118
HomeTrust Bancshares Inc
 
5,547
203,686
Hope Bancorp Inc
 
4,100
44,772
Horizon Bancorp Inc/IN (g)
  
13,660
232,766
Huntington Bancshares Inc/OH
 
1,848,231
30,440,365
Independent Bank Corp
 
34,161
2,342,078
Independent Bank Corp/MI
 
29,571
1,004,823
JPMorgan Chase & Co
 
2,432,739
643,824,376
Kearny Financial Corp/MD
 
165,054
1,153,727
KeyCorp
 
1,131,650
19,600,178
Live Oak Bancshares Inc
 
2,900
92,249
M&T Bank Corp
 
73,848
14,158,139
Mercantile Bank Corp
 
1,987
95,793
Metropolitan Bank Holding Corp (f)(g)
  
15,056
909,834
Midland States Bancorp Inc
 
9,557
185,215
MVB Financial Corp
 
3,997
73,905
NB Bancorp Inc (f)
  
57,846
1,117,585
Nicolet Bankshares Inc
 
11,116
1,332,475
Northfield Bancorp Inc
 
202,189
2,381,786
Northwest Bancshares Inc
 
6,224
78,547
OceanFirst Financial Corp
 
162,592
2,928,282
Old National Bancorp/IN (g)
  
670,247
15,918,366
Pacific Premier Bancorp Inc
 
1,044
24,941
Park National Corp
 
8,509
1,416,238
Pathward Financial Inc
 
79,448
6,158,014
Peoples Bancorp Inc/OH
 
4,251
136,032
Pinnacle Financial Partners Inc
 
96,754
11,055,112
PNC Financial Services Group Inc/The
 
127,100
24,393,032
Preferred Bank/Los Angeles CA (g)
  
21,920
1,945,400
Premier Financial Corp
 
19,659
551,238
Prosperity Bancshares Inc
 
62,360
4,786,754
Provident Financial Services Inc
 
31,432
573,634
RBB Bancorp
 
7,747
137,199
Regions Financial Corp
 
1,666,914
39,522,531
ServisFirst Bancshares Inc
 
9,074
829,364
Southside Bancshares Inc
 
368
11,315
SouthState Corp
 
4,447
448,258
Synovus Financial Corp (g)
  
50,900
2,640,692
Texas Capital Bancshares Inc (f)(g)
  
104,409
8,265,016
Tompkins Financial Corp
 
854
58,832
Truist Financial Corp
 
2,646,231
122,652,807
UMB Financial Corp
 
21,694
2,393,499
United Bankshares Inc/WV
 
20,612
744,918
Unity Bancorp Inc (g)
  
4,511
214,227
Univest Financial Corp
 
3,494
106,777
US Bancorp
 
947,144
44,421,054
Valley National Bancorp
 
347,271
3,417,147
Washington Trust Bancorp Inc
 
20,812
668,481
Webster Financial Corp (g)
  
235,674
13,273,160
Wells Fargo & Co
 
8,500,732
665,777,330
WesBanco Inc
 
7,844
275,089
Westamerica BanCorp
 
47,165
2,458,240
Western Alliance Bancorp
 
259,610
22,565,301
Wintrust Financial Corp
 
88,310
10,991,946
Zions Bancorp NA
 
336,547
18,187,000
 
  
  
2,909,567,618
Capital Markets - 2.6%
  
  
  
Acadian Asset Management Inc
 
26,213
646,413
Affiliated Managers Group Inc
 
29,300
5,005,905
Ameriprise Financial Inc
 
166,909
89,680,206
Ares Management Corp Class A
 
209,913
35,882,528
Artisan Partners Asset Management Inc Class A (g)
  
123,553
5,216,408
Bank of New York Mellon Corp/The
 
1,092,347
97,164,266
BGC Group Inc Class A
 
1,444
14,295
Blackrock Inc
 
57,605
56,325,017
Blackstone Inc
 
200,246
32,271,645
Bridge Investment Group Holdings Inc Class A
 
4,076
42,757
Carlyle Group Inc/The
 
471,505
23,499,809
Cboe Global Markets Inc
 
200,322
42,227,878
Charles Schwab Corp/The
 
4,073,512
323,966,409
CME Group Inc Class A
 
227,739
57,793,326
Cohen & Steers Inc (g)
  
47,357
4,139,002
Diamond Hill Investment Group Inc
 
4,864
710,825
DigitalBridge Group Inc Class A
 
921,829
10,481,196
Donnelley Financial Solutions Inc (f)(g)
  
4,509
223,511
Evercore Inc Class A
 
124,726
30,158,747
FactSet Research Systems Inc
 
39,573
18,272,437
Federated Hermes Inc Class B
 
214,324
8,305,055
Forge Global Holdings Inc Class A (f)
  
6,688
6,687
Franklin Resources Inc
 
77,400
1,567,350
GCM Grosvenor Inc Class A (g)
  
3,500
49,420
Goldman Sachs Group Inc/The
 
428,579
266,700,426
Hamilton Lane Inc Class A (g)
  
71,645
11,199,546
Houlihan Lokey Inc Class A
 
153,068
26,534,338
Interactive Brokers Group Inc Class A
 
121,257
24,784,931
Intercontinental Exchange Inc
 
261,798
45,351,268
Invesco Ltd
 
1,004,391
17,466,359
Janus Henderson Group PLC
 
3,807
160,655
Jefferies Financial Group Inc
 
764,523
50,611,423
KKR & Co Inc Class A
 
784,996
106,437,608
Lazard Inc Class A (g)
  
199,323
9,996,048
LPL Financial Holdings Inc
 
41,660
15,486,688
MarketAxess Holdings Inc
 
138,479
26,697,366
Moelis & Co Class A
 
5,200
367,328
Moody's Corp
 
89,374
45,039,134
Morgan Stanley
 
1,017,962
135,500,922
Morningstar Inc
 
32,942
10,334,564
MSCI Inc
 
14,920
8,810,409
Nasdaq Inc
 
57,942
4,796,439
Northern Trust Corp
 
310,014
34,169,743
P10 Inc Class A (g)
  
511,638
6,533,617
Piper Sandler Cos
 
2,349
680,317
PJT Partners Inc Class A (g)
  
66,729
10,627,261
Raymond James Financial Inc
 
53,000
8,197,510
Robinhood Markets Inc Class A (f)
  
169,456
8,489,746
S&P Global Inc
 
137,348
73,308,122
SEI Investments Co
 
487,861
39,053,273
State Street Corp
 
719,180
71,364,231
StepStone Group Inc Class A
 
53,217
3,201,535
Stifel Financial Corp
 
130,236
13,829,761
T Rowe Price Group Inc
 
138,582
14,650,889
TPG Inc Class A (g)
  
319,081
17,600,508
Tradeweb Markets Inc Class A
 
148,579
20,113,139
Virtu Financial Inc Class A
 
497,778
18,198,764
 
  
  
1,989,944,960
Consumer Finance - 0.6%
  
  
  
Ally Financial Inc
 
70,700
2,622,970
American Express Co
 
470,992
141,749,752
Atlanticus Holdings Corp (f)
  
685
37,627
Capital One Financial Corp
 
611,089
122,553,899
Discover Financial Services
 
255,517
49,874,363
Encore Capital Group Inc (f)(g)
  
220,155
8,303,146
Enova International Inc (f)
  
138,645
14,327,574
EZCORP Inc Class A (f)(g)
  
132,164
1,818,577
FirstCash Holdings Inc
 
46,140
5,180,599
Green Dot Corp Class A (f)
  
2,300
17,595
Lendingtree Inc (f)
  
218,254
8,815,279
Navient Corp (g)
  
431,000
6,167,610
Nelnet Inc Class A
 
2,300
281,497
OneMain Holdings Inc
 
329,804
17,723,667
Oportun Financial Corp (f)
  
840,980
5,937,319
PRA Group Inc (f)
  
42,526
890,069
PROG Holdings Inc
 
17,306
490,971
Regional Management Corp
 
2,803
94,041
SLM Corp (g)
  
1,130,398
34,126,716
SoFi Technologies Inc Class A (f)
  
11,700
169,299
Synchrony Financial
 
631,281
38,306,131
Upstart Holdings Inc (f)(g)
  
11,800
786,706
World Acceptance Corp (f)
  
400
53,936
 
  
  
460,329,343
Financial Services - 4.2%
  
  
  
Affirm Holdings Inc Class A (f)
  
107,624
6,904,080
Apollo Global Management Inc
 
1,161,746
173,413,825
AvidXchange Holdings Inc (f)
  
457,200
3,474,720
Berkshire Hathaway Inc Class A (f)
  
8
6,200,000
Berkshire Hathaway Inc Class B (f)
  
1,339,237
688,140,148
Block Inc Class A (f)
  
1,115,937
72,870,686
Cannae Holdings Inc (g)
  
633,117
12,687,665
Compass Diversified Holdings
 
5,566
121,840
Corebridge Financial Inc
 
1,688,630
58,561,688
Corpay Inc (f)
  
465,913
171,013,367
Enact Holdings Inc
 
26,091
897,009
Equitable Holdings Inc
 
732,114
40,280,912
Essent Group Ltd
 
46,927
2,703,934
Euronet Worldwide Inc (f)
  
62,306
6,383,873
Federal Agricultural Mortgage Corp Class C
 
1,500
313,605
Fidelity National Information Services Inc
 
1,480,750
105,310,940
Fiserv Inc (f)
  
536,164
126,368,493
Flywire Corp (f)
  
36,713
418,528
Global Payments Inc
 
261,572
27,538,300
International Money Express Inc (f)
  
65,301
1,000,411
Jack Henry & Associates Inc
 
12,225
2,122,138
Mastercard Inc Class A
 
1,438,828
829,210,965
MGIC Investment Corp
 
346,600
8,529,826
NCR Atleos Corp (f)
  
463,013
13,168,090
NMI Holdings Inc (f)
  
8,021
292,285
Paymentus Holdings Inc Class A (f)
  
632
17,317
Payoneer Global Inc (f)
  
1,102,632
9,427,504
PayPal Holdings Inc (f)
  
837,697
59,518,372
Radian Group Inc (g)
  
551,319
18,143,908
Remitly Global Inc (f)
  
310,768
7,458,432
Rocket Cos Inc Class A (g)
  
1,100
15,400
Sezzle Inc (f)(g)
  
38,068
11,386,519
Shift4 Payments Inc Class A (f)(g)
  
142,307
14,052,816
Toast Inc Class A (f)
  
280,114
10,812,400
UWM Holdings Corp Class A
 
391,139
2,456,353
Velocity Financial Inc (f)
  
4,356
82,067
Visa Inc Class A
 
1,697,387
615,659,239
Voya Financial Inc
 
493,505
35,660,671
Walker & Dunlop Inc (g)
  
81,509
6,982,876
Waterstone Financial Inc
 
20,699
291,235
Western Union Co/The
 
200,000
2,166,000
WEX Inc (f)
  
376,735
59,185,069
 
  
  
3,211,243,506
Insurance - 2.3%
  
  
  
AFLAC Inc
 
270,095
29,567,300
Allstate Corp/The
 
343,547
68,417,385
Ambac Financial Group Inc (f)
  
67,575
656,153
American Financial Group Inc/OH
 
265,285
33,500,190
American International Group Inc
 
1,242,472
103,050,628
Amerisafe Inc
 
79,802
4,106,611
Aon PLC
 
345,273
141,258,090
Arch Capital Group Ltd
 
172,109
15,990,647
Arthur J Gallagher & Co
 
467,621
157,934,317
Assurant Inc
 
18,062
3,754,909
Assured Guaranty Ltd (g)
  
183,869
16,057,280
Axis Capital Holdings Ltd
 
427,514
41,417,556
Baldwin Insurance Group Inc/The Class A (f)(g)
  
335,666
13,809,299
Chubb Ltd
 
797,754
227,742,812
Cincinnati Financial Corp
 
107,118
15,833,112
CNA Financial Corp (g)
  
147,983
7,246,728
CNO Financial Group Inc
 
17,978
749,503
Donegal Group Inc Class A
 
17,150
299,954
eHealth Inc (f)
  
3,000
26,429
Erie Indemnity Co Class A
 
60,881
26,061,330
Everest Group Ltd
 
111,330
39,323,983
Fidelity National Financial Inc/US
 
69,900
4,510,647
First American Financial Corp
 
25,363
1,666,095
Genworth Financial Inc Class A (f)
  
1,817,949
12,634,746
Globe Life Inc
 
189,218
24,112,050
Hanover Insurance Group Inc/The
 
87,357
14,896,989
Hartford Insurance Group Inc/The
 
835,511
98,824,241
HCI Group Inc (g)
  
14,485
1,907,095
Kemper Corp
 
209,432
14,153,415
Kinsale Capital Group Inc (g)
  
43,677
18,861,912
Lemonade Inc (f)(g)
  
400
14,539
Lincoln National Corp
 
96,700
3,771,300
Loews Corp
 
63,900
5,538,213
Markel Group Inc (f)
  
3,090
5,974,330
Marsh & McLennan Cos Inc
 
375,231
89,244,941
MBIA Inc (f)(g)
  
3,488
21,171
MetLife Inc
 
902,097
77,742,719
Old Republic International Corp
 
73,500
2,830,485
Oscar Health Inc Class A (f)
  
114,004
1,665,598
Palomar Hldgs Inc (f)
  
5,575
717,280
Primerica Inc
 
81,270
23,568,300
Principal Financial Group Inc
 
91,200
8,120,448
Progressive Corp/The
 
671,150
189,264,300
Prudential Financial Inc
 
263,904
30,375,350
Reinsurance Group of America Inc
 
63,035
12,776,564
RLI Corp (g)
  
246,764
18,776,273
Selective Insurance Group Inc
 
7,502
645,510
Selectquote Inc (f)
  
268,922
1,226,284
Stewart Information Services Corp
 
65,720
4,679,264
The Travelers Companies, Inc.
 
229,302
59,272,274
United Fire Group Inc
 
4,427
124,266
Universal Insurance Holdings Inc
 
24,862
551,439
Unum Group
 
444,250
36,557,333
W R Berkley Corp
 
256,900
16,205,252
White Mountains Insurance Group Ltd (g)
  
12,510
23,137,245
Willis Towers Watson PLC
 
56,199
19,087,990
 
  
  
1,770,260,074
Mortgage Real Estate Investment Trusts (REITs) - 0.0%
  
  
  
AG Mortgage Investment Trust Inc
 
50
379
AGNC Investment Corp
 
200
2,086
Angel Oak Mortgage REIT Inc
 
2,019
20,129
Annaly Capital Management Inc
 
674,667
14,815,687
Brightspire Capital Inc Class A
 
1,834
11,426
Chimera Investment Corp
 
15,200
216,296
Granite Point Mortgage Trust Inc
 
75,575
223,702
Kkr Real Estate Finance Trust Inc
 
33,800
374,842
Ladder Capital Corp Class A
 
42,400
503,288
Nexpoint Real Estate Finance Inc
 
400
6,580
Rithm Capital Corp
 
1,600
19,440
Rithm Property Trust Inc
 
6,075
20,048
Starwood Property Trust Inc
 
20,812
427,062
TPG RE Finance Trust Inc
 
32,632
281,614
 
  
  
16,922,579
TOTAL FINANCIALS
  
  
10,358,268,080
 
  
  
  
Health Care - 9.5%
  
  
  
Biotechnology - 2.0%
  
  
  
4D Molecular Therapeutics Inc (f)(g)
  
13,493
61,123
AbbVie Inc
 
2,654,277
554,823,522
ACADIA Pharmaceuticals Inc (f)
  
197,376
3,868,570
Agios Pharmaceuticals Inc (f)
  
247,158
8,783,995
Akero Therapeutics Inc (f)
  
21,578
1,059,911
Alnylam Pharmaceuticals Inc (f)
  
41,985
10,359,799
Amgen Inc
 
231,223
71,230,557
Amicus Therapeutics Inc (f)(g)
  
274,923
2,609,019
AnaptysBio Inc (f)(g)
  
24,334
409,298
Anika Therapeutics Inc (f)
  
101
1,762
Apellis Pharmaceuticals Inc (f)
  
59,535
1,497,305
Arcturus Therapeutics Holdings Inc (f)
  
42,484
713,306
Arcus Biosciences Inc (f)
  
9,750
106,178
Ardelyx Inc (f)
  
139,400
747,184
Avidity Biosciences Inc (f)(g)
  
50,638
1,551,548
BioCryst Pharmaceuticals Inc (f)
  
243,006
2,092,282
Biogen Inc (f)
  
53,268
7,484,154
Blueprint Medicines Corp (f)(g)
  
43,014
4,153,862
Bridgebio Pharma Inc (f)
  
1,021
35,633
Candel Therapeutics Inc (f)(g)
  
531,400
4,769,315
CareDx Inc (f)(g)
  
238,555
5,283,993
Cargo Therapeutics Inc (f)(g)
  
68,800
258,688
Catalyst Pharmaceuticals Inc (f)
  
107,079
2,451,038
Celldex Therapeutics Inc (f)(g)
  
28,829
593,013
Cogent Biosciences Inc (f)
  
1,300
9,789
Corvus Pharmaceuticals Inc (f)
  
1,200
4,848
Crinetics Pharmaceuticals Inc (f)
  
260,162
9,308,596
Cytokinetics Inc (f)
  
159,242
7,325,132
Day One Biopharmaceuticals Inc (f)(g)
  
57,569
521,575
Denali Therapeutics Inc (f)(g)
  
64,950
1,075,572
Design Therapeutics Inc (f)(g)
  
5,242
25,476
Dynavax Technologies Corp (f)(g)
  
44,400
612,276
Dyne Therapeutics Inc (f)
  
25,146
342,237
Editas Medicine Inc (f)
  
500
960
Emergent BioSolutions Inc (f)(g)
  
8,227
61,538
Enanta Pharmaceuticals Inc (f)(g)
  
23,200
180,496
Exact Sciences Corp (f)(g)
  
380,586
18,043,582
Exelixis Inc (f)
  
322,200
12,465,918
Fate Therapeutics Inc (f)
  
24,318
27,236
Foghorn Therapeutics Inc (f)
  
65
315
Gilead Sciences Inc
 
1,509,068
172,501,564
Halozyme Therapeutics Inc (f)
  
198,311
11,730,096
Heron Therapeutics Inc (f)(g)
  
8,971
22,158
Ideaya Biosciences Inc (f)
  
107,678
2,214,936
Incyte Corp (f)
  
98,100
7,210,350
Insmed Inc (f)(g)
  
180,117
14,688,541
Intellia Therapeutics Inc (f)(g)
  
72,699
733,533
Ionis Pharmaceuticals Inc (f)(g)
  
91,886
3,049,696
Iovance Biotherapeutics Inc (f)(g)
  
130,027
550,664
Ironwood Pharmaceuticals Inc Class A (f)
  
12,900
20,769
iTeos Therapeutics Inc (f)
  
55,194
400,708
Janux Therapeutics Inc (f)
  
13,100
430,859
Kiniksa Pharmaceuticals International Plc Class A (f)
  
45,012
912,843
Kodiak Sciences Inc (f)
  
9,738
40,023
Kura Oncology Inc (f)(g)
  
19,465
150,075
Kymera Therapeutics Inc (f)(g)
  
12,385
388,270
Legend Biotech Corp ADR (f)
  
160,000
5,601,600
MannKind Corp (f)
  
18,900
100,926
Metsera Inc (g)
  
37,635
932,595
MiMedx Group Inc (f)
  
19,900
167,260
Mirum Pharmaceuticals Inc (f)
  
14,700
699,279
Moderna Inc (f)
  
99,302
3,074,390
MoonLake Immunotherapeutics Class A (f)(g)
  
39,000
1,628,640
Myriad Genetics Inc (f)
  
399,972
4,291,700
Natera Inc (f)
  
102,398
15,932,105
Neurocrine Biosciences Inc (f)
  
98,660
11,712,915
Novavax Inc (f)(g)
  
300
2,499
Nurix Therapeutics Inc (f)(g)
  
91,390
1,411,976
ORIC Pharmaceuticals Inc (f)
  
23,808
191,178
PMV Pharmaceuticals Inc (f)
  
13,600
18,632
PTC Therapeutics Inc (f)
  
46,384
2,563,180
Puma Biotechnology Inc (f)(g)
  
41,300
147,854
PureTech Health PLC (f)
  
4,142,528
7,514,098
RAPT Therapeutics Inc (f)
  
3,618
4,125
Recursion Pharmaceuticals Inc Class A (f)(g)
  
34,665
260,334
Regeneron Pharmaceuticals Inc
 
238,136
166,395,149
REGENXBIO Inc (f)(g)
  
15,085
99,108
Relay Therapeutics Inc (f)
  
64,723
220,705
Revolution Medicines Inc (f)
  
44,173
1,799,608
Sage Therapeutics Inc (f)
  
104,326
761,580
Sarepta Therapeutics Inc (f)
  
350,192
37,382,996
Scholar Rock Holding Corp (f)(g)
  
23,784
923,295
SpringWorks Therapeutics Inc (f)
  
222,344
12,842,589
Syndax Pharmaceuticals Inc (f)(g)
  
32,394
506,642
TG Therapeutics Inc (f)(g)
  
53,496
1,609,695
Travere Therapeutics Inc (f)
  
23,294
498,492
Twist Bioscience Corp (f)
  
2,488
96,584
Ultragenyx Pharmaceutical Inc (f)
  
361,634
15,521,331
United Therapeutics Corp (f)
  
159,570
51,070,379
Vanda Pharmaceuticals Inc (f)
  
162,624
774,090
Vaxcyte Inc (f)
  
55,750
4,070,865
Veracyte Inc (f)
  
231,988
8,063,903
Vericel Corp (f)
  
124,707
6,396,222
Vertex Pharmaceuticals Inc (f)
  
409,395
196,423,628
Verve Therapeutics Inc (f)(g)
  
33,096
209,498
Viking Therapeutics Inc (f)(g)
  
116,292
3,357,350
Vir Biotechnology Inc (f)(g)
  
21,713
182,172
Voyager Therapeutics Inc (f)
  
12,873
52,522
 
  
  
1,515,509,375
Health Care Equipment & Supplies - 2.0%
  
  
  
Abbott Laboratories
 
1,141,955
157,601,210
ABIOMED Inc (f)(i)
  
14,700
31,752
Align Technology Inc (f)
  
12,733
2,381,453
AngioDynamics Inc (f)
  
44,469
413,117
Avanos Medical Inc (f)
  
17,100
257,355
Bausch + Lomb Corp (United States) (f)
  
252,846
4,045,536
Baxter International Inc
 
222,000
7,661,220
Becton Dickinson & Co
 
159,972
36,078,485
Beta Bionics Inc
 
18,694
392,013
Boston Scientific Corp (f)
  
2,181,194
226,386,126
Cerus Corp (f)
  
18,914
31,208
ClearPoint Neuro Inc (f)
  
686
9,961
Cooper Cos Inc/The (f)
  
296,261
26,776,069
DENTSPLY SIRONA Inc
 
19,800
327,690
Dexcom Inc (f)
  
65,500
5,788,235
Edwards Lifesciences Corp (f)
  
1,072,111
76,784,590
Embecta Corp
 
714,129
9,640,742
Enovis Corp (f)(g)
  
115,033
4,446,025
Envista Holdings Corp (f)
  
69,731
1,393,225
GE HealthCare Technologies Inc
 
184,168
16,087,075
Glaukos Corp (f)
  
28,000
3,360,560
Globus Medical Inc Class A (f)
  
187,614
15,069,156
Haemonetics Corp (f)(g)
  
154,924
10,147,522
Hologic Inc (f)
  
8,543
541,541
ICU Medical Inc (f)
  
21,000
3,072,930
IDEXX Laboratories Inc (f)
  
33,144
14,487,574
Inmode Ltd (f)(g)
  
199,694
3,738,272
Inspire Medical Systems Inc (f)(g)
  
37,980
7,048,708
Insulet Corp (f)
  
88,583
24,118,493
Integra LifeSciences Holdings Corp (f)(g)
  
221,942
5,151,274
Intuitive Surgical Inc (f)
  
306,052
175,413,704
iRadimed Corp
 
15,902
857,277
Lantheus Holdings Inc (f)
  
464,192
43,550,493
LeMaitre Vascular Inc
 
47,507
4,363,518
LivaNova PLC (f)
  
20,653
859,784
Masimo Corp (f)(g)
  
73,500
13,874,595
Medtronic PLC
 
2,425,294
223,175,554
Merit Medical Systems Inc (f)
  
67,258
6,863,006
Neogen Corp (f)(g)
  
603,020
6,060,351
Nevro Corp (f)
  
71,500
408,980
Novocure Ltd (f)
  
96,865
1,847,216
Omnicell Inc (f)
  
55,753
2,121,959
OraSure Technologies Inc (f)
  
35,436
123,317
OrthoPediatrics Corp (f)(g)
  
21,791
505,987
Penumbra Inc (f)
  
61,800
17,640,192
Pulmonx Corp (f)(g)
  
10,600
91,372
QuidelOrtho Corp (f)
  
22,700
907,773
ResMed Inc
 
81,197
18,961,123
RxSight Inc (f)
  
18,663
529,283
Sight Sciences Inc (f)
  
4,445
11,779
Solventum Corp
 
15,700
1,252,075
STERIS PLC
 
68,617
15,044,963
Stryker Corp
 
718,039
277,299,482
Surmodics Inc (f)
  
8,800
289,168
Tandem Diabetes Care Inc (f)(g)
  
81,314
1,800,292
Teleflex Inc
 
28,580
3,793,995
TransMedics Group Inc (f)(g)
  
27,436
2,093,916
Utah Medical Products Inc (g)
  
5,718
340,850
Varex Imaging Corp (f)
  
7,153
91,988
Zimmer Biomet Holdings Inc
 
240,972
25,138,199
Zimvie Inc (f)
  
8,005
106,226
 
  
  
1,508,687,534
Health Care Providers & Services - 2.2%
  
  
  
Acadia Healthcare Co Inc (f)(g)
  
514,924
15,437,422
Accolade Inc (f)
  
3,900
27,183
Addus HomeCare Corp (f)
  
15,563
1,490,469
agilon health Inc (f)(g)
  
870,966
2,717,414
Alignment Healthcare Inc (f)
  
79,734
1,251,026
AMN Healthcare Services Inc (f)
  
10,345
261,935
BrightSpring Health Services Inc (f)
  
128,000
2,467,840
Brookdale Senior Living Inc (f)(g)
  
400
2,280
Cardinal Health Inc
 
344,248
44,573,231
Castle Biosciences Inc (f)
  
461,161
9,997,970
Cencora Inc
 
313,727
79,542,344
Centene Corp (f)
  
366,650
21,324,364
Chemed Corp
 
70,608
42,421,286
Cigna Group/The
 
288,176
89,003,158
Clover Health Investments Corp Class A (f)
  
49,256
195,546
CorVel Corp (f)
  
52,211
5,757,307
Cross Country Healthcare Inc (f)
  
5,788
99,322
CVS Health Corp
 
1,354,464
89,015,374
DaVita Inc (f)
  
138,103
20,422,672
Elevance Health Inc
 
129,535
51,409,851
Encompass Health Corp
 
252,205
25,255,809
Enhabit Inc (f)
  
150
1,255
Ensign Group Inc/The
 
22,801
2,944,749
GeneDx Holdings Corp Class A (f)
  
83,522
8,590,238
Guardant Health Inc (f)
  
37,789
1,607,922
HCA Healthcare Inc
 
288,734
88,439,224
HealthEquity Inc (f)
  
107,036
11,748,271
Henry Schein Inc (f)
  
38,300
2,764,111
Hims & Hers Health Inc Class A (f)(g)
  
44,966
2,027,517
Humana Inc
 
58,318
15,770,354
Labcorp Holdings Inc
 
29,200
7,330,368
LifeStance Health Group Inc (f)
  
315,300
2,456,187
McKesson Corp
 
240,400
153,918,504
Molina Healthcare Inc (f)
  
101,043
30,426,068
National Research Corp Class A
 
26,576
387,744
NeoGenomics Inc (f)
  
18,076
180,579
Option Care Health Inc (f)
  
4,300
144,050
Owens & Minor Inc (f)
  
42,900
410,982
Patterson Cos Inc (g)
  
106,528
3,317,282
Pediatrix Medical Group Inc (f)
  
445,097
6,574,083
Pennant Group Inc/The (f)
  
10,216
232,618
Privia Health Group Inc (f)(g)
  
239,847
5,988,980
Progyny Inc (f)
  
41,574
936,662
Quest Diagnostics Inc
 
154,678
26,743,826
RadNet Inc (f)
  
182,674
10,132,927
Select Medical Holdings Corp (g)
  
256,639
4,668,263
Surgery Partners Inc (f)
  
135,803
3,270,136
Tenet Healthcare Corp (f)
  
390,178
49,392,633
UnitedHealth Group Inc
 
1,432,362
680,314,656
Universal Health Services Inc Class B
 
299,222
52,438,656
 
  
  
1,675,832,648
Health Care Technology - 0.0%
  
  
  
Doximity Inc Class A (f)
  
526,560
37,122,481
Health Catalyst Inc (f)
  
493,111
2,302,828
HealthStream Inc (g)
  
42,460
1,433,874
LifeMD Inc (f)(g)
  
27,400
144,124
OptimizeRx Corp (f)
  
740
3,833
Phreesia Inc (f)
  
108,017
2,866,771
Teladoc Health Inc (f)(g)
  
91,390
873,688
Veeva Systems Inc Class A (f)
  
41,085
9,208,792
Waystar Holding Corp (f)
  
185,009
8,042,341
 
  
  
61,998,732
Life Sciences Tools & Services - 1.0%
  
  
  
10X Genomics Inc Class A (f)(g)
  
206,995
2,212,777
Agilent Technologies Inc
 
358,535
45,863,797
Avantor Inc (f)
  
835,685
13,955,940
Azenta Inc (f)(g)
  
227,779
9,935,720
Bio-Rad Laboratories Inc Class A (f)
  
37,628
9,977,440
Bio-Techne Corp
 
9,267
572,237
Bruker Corp
 
65,411
3,088,707
Charles River Laboratories International Inc (f)
  
18,286
3,022,859
ChromaDex Corp (f)(g)
  
129,500
730,380
CryoPort Inc (f)(g)
  
1,782
9,926
Danaher Corp
 
842,781
175,096,181
Fortrea Holdings Inc (f)
  
12,717
176,130
ICON PLC (f)
  
115,594
21,965,172
Illumina Inc (f)
  
90,850
8,062,029
IQVIA Holdings Inc (f)
  
13,465
2,542,192
Medpace Holdings Inc (f)
  
94,639
30,977,237
Mettler-Toledo International Inc (f)
  
18,155
23,106,232
QIAGEN NV (United States)
 
30,807
1,182,989
Quanterix Corp (f)(g)
  
1,640,261
12,449,581
Repligen Corp (f)
  
62,638
9,975,728
Seer Inc Class A (f)(g)
  
53,794
112,967
Sotera Health Co (f)(g)
  
322,735
4,024,505
Thermo Fisher Scientific Inc
 
700,868
370,731,138
Waters Corp (f)
  
5,698
2,150,083
West Pharmaceutical Services Inc
 
11,000
2,555,740
 
  
  
754,477,687
Pharmaceuticals - 2.3%
  
  
  
Amneal Intermediate Inc Class A (f)
  
6,100
52,887
Amphastar Pharmaceuticals Inc (f)(g)
  
104,280
2,964,680
Arvinas Inc (f)
  
43,604
771,791
Atea Pharmaceuticals Inc (f)(g)
  
118,374
358,673
Axsome Therapeutics Inc (f)
  
1,533
195,519
Bristol-Myers Squibb Co
 
2,522,790
150,408,740
Corcept Therapeutics Inc (f)(g)
  
86,373
5,232,476
CorMedix Inc (f)(g)
  
2,902
30,065
Edgewise Therapeutics Inc (f)(g)
  
7,082
185,336
Elanco Animal Health Inc (f)
  
190,564
2,128,600
Eli Lilly & Co
 
782,308
720,216,214
Evolus Inc (f)
  
3,200
46,688
Fulcrum Therapeutics Inc (f)(g)
  
39,700
142,523
GSK PLC ADR
 
170,545
6,410,787
Haleon PLC ADR
 
1,801,962
18,343,973
Harmony Biosciences Holdings Inc (f)
  
23,609
799,165
Innoviva Inc (f)
  
600
10,752
Intra-Cellular Therapies Inc (f)
  
106,040
13,594,328
Jazz Pharmaceuticals PLC (f)
  
166,048
23,832,869
Johnson & Johnson
 
2,634,859
434,804,432
Merck & Co Inc
 
2,115,354
195,141,407
Novartis AG ADR
 
122,270
13,333,544
Nuvation Bio Inc Class A (f)(g)
  
42,169
83,073
Omeros Corp (f)(g)
  
1,679
14,120
Organon & Co (g)
  
176,000
2,624,160
Pacira BioSciences Inc (f)
  
10,986
264,213
Paratek Pharmaceuticals Inc/Old rights (f)(g)(i)
  
2,400
0
Pfizer Inc
 
3,253,108
85,979,644
Phathom Pharmaceuticals Inc (f)(g)
  
632,612
3,492,018
Phibro Animal Health Corp Class A
 
4,917
111,813
Prestige Consumer Healthcare Inc (f)
  
126,233
10,698,247
Roche Holding AG ADR
 
278,138
11,609,480
Royalty Pharma PLC Class A
 
406,725
13,682,229
Sanofi SA ADR
 
156,249
8,510,883
Structure Therapeutics Inc ADR (f)
  
48,409
1,149,714
Supernus Pharmaceuticals Inc (f)(g)
  
148,949
4,775,305
Third Harmonic Bio Inc (f)
  
8,400
28,980
Viatris Inc
 
3,248,576
29,984,356
Zoetis Inc Class A
 
320,784
53,647,916
 
  
  
1,815,661,600
TOTAL HEALTH CARE
  
  
7,332,167,576
 
  
  
  
Industrials - 7.9%
  
  
  
Aerospace & Defense - 1.8%
  
  
  
Axon Enterprise Inc (f)
  
4,355
2,301,400
Boeing Co (f)
  
1,021,303
178,350,143
BWX Technologies Inc
 
29,989
3,117,956
Curtiss-Wright Corp
 
99,304
31,942,125
Ducommun Inc (f)
  
34,005
1,993,373
GE Aerospace
 
780,451
161,537,748
General Dynamics Corp
 
22,277
5,627,170
HEICO Corp Class A
 
107,343
22,881,234
Hexcel Corp
 
36,900
2,338,353
Howmet Aerospace Inc
 
1,212,024
165,562,478
Huntington Ingalls Industries Inc
 
87,695
15,397,488
Karman Holdings Inc (g)
  
18,374
579,516
Kratos Defense & Security Solutions Inc (f)
  
721,622
19,043,605
L3Harris Technologies Inc
 
228,144
47,022,760
Leonardo DRS Inc
 
13,228
402,793
Lockheed Martin Corp
 
236,752
106,625,998
Mercury Systems Inc (f)
  
298,286
13,246,881
Moog Inc Class A
 
31,547
5,378,448
Northrop Grumman Corp
 
259,623
119,878,324
Park Aerospace Corp
 
2,355
32,569
RTX Corp
 
1,251,079
166,380,996
Standardaero Inc (g)
  
178,460
5,037,926
Textron Inc
 
339,334
25,358,430
TransDigm Group Inc
 
142,279
194,523,849
Triumph Group Inc (f)
  
16,062
407,654
V2X Inc (f)
  
49,221
2,309,449
Woodward Inc (g)
  
105,452
19,929,901
 
  
  
1,317,208,567
Air Freight & Logistics - 0.2%
  
  
  
Air Transport Services Group Inc (f)
  
4,851
108,323
CH Robinson Worldwide Inc
 
331,200
33,656,544
Expeditors International of Washington Inc
 
172,155
20,204,111
FedEx Corp
 
221,986
58,360,119
GXO Logistics Inc (f)(g)
  
455,809
17,967,991
Hub Group Inc Class A
 
10,174
418,151
United Parcel Service Inc Class B
 
294,827
35,093,258
 
  
  
165,808,497
Building Products - 0.6%
  
  
  
A O Smith Corp
 
452,509
30,082,798
Advanced Drainage Systems Inc (g)
  
22,421
2,497,475
Allegion plc
 
209,314
26,940,805
Apogee Enterprises Inc
 
100
4,793
Armstrong World Industries Inc
 
118,192
18,161,383
AZEK Co Inc/The Class A (f)
  
353,143
16,544,750
Builders FirstSource Inc (f)
  
91,137
12,667,132
Carrier Global Corp
 
477,711
30,955,673
CSW Industrials Inc (g)
  
1,450
443,830
Fortune Brands Innovations Inc
 
98,887
6,399,967
Gibraltar Industries Inc (f)
  
63,225
4,154,515
Griffon Corp
 
37,794
2,734,018
Janus International Group Inc (f)(g)
  
469,496
3,798,223
Johnson Controls International plc
 
279,089
23,906,764
Lennox International Inc
 
10,836
6,512,978
Masco Corp
 
104,209
7,834,433
Masterbrand Inc (f)
  
9,200
128,707
Owens Corning
 
198,793
30,622,074
Tecnoglass Inc (g)
  
108,653
8,003,380
Trane Technologies PLC
 
593,023
209,752,235
Trex Co Inc (f)
  
199,620
12,314,558
UFP Industries Inc
 
18,400
1,968,800
Zurn Elkay Water Solutions Corp (g)
  
131,003
4,641,436
 
  
  
461,070,727
Commercial Services & Supplies - 0.5%
  
  
  
ABM Industries Inc (g)
  
198,515
10,785,320
ACV Auctions Inc Class A (f)
  
710,100
11,404,206
Brady Corp Class A
 
3,300
239,151
BrightView Holdings Inc (f)
  
154,550
2,074,061
Brink's Co/The
 
127,742
12,012,858
Casella Waste Systems Inc Class A (f)
  
82,259
9,214,653
Cintas Corp
 
273,598
56,771,585
Clean Harbors Inc (f)
  
99,601
21,269,794
Copart Inc (f)
  
822,199
45,056,505
CoreCivic Inc (f)
  
999,343
18,747,675
Deluxe Corp (g)
  
215,300
3,543,838
Ennis Inc
 
45,938
973,886
Enviri Corp (f)
  
61,300
398,450
Healthcare Services Group Inc (f)
  
28,912
303,576
Interface Inc
 
599,186
12,121,533
Liquidity Services Inc (f)
  
289,148
9,680,675
MillerKnoll Inc (g)
  
384,213
8,260,580
MSA Safety Inc
 
69,277
11,340,645
OPENLANE Inc (f)(g)
  
515,700
11,500,110
Pursuit Attractions and Hospitality Inc (f)(g)
  
141,559
5,619,892
Republic Services Inc
 
81,683
19,360,505
Rollins Inc
 
499,316
26,159,165
Steelcase Inc Class A
 
6,600
80,255
Tetra Tech Inc
 
80,286
2,343,548
UniFirst Corp/MA
 
90,877
19,531,285
Veralto Corp
 
40,000
3,990,400
Vestis Corp
 
13,000
154,049
Waste Connections Inc (United States)
 
122,351
23,217,326
Waste Management Inc
 
106,600
24,814,348
 
  
  
370,969,874
Construction & Engineering - 0.2%
  
  
  
AECOM
 
2,494
249,525
API Group Corp (f)
  
406,903
15,979,081
Argan Inc
 
23,530
3,067,606
Comfort Systems USA Inc
 
90,735
32,966,748
Dycom Industries Inc (f)
  
14,247
2,334,513
EMCOR Group Inc
 
91,573
37,445,115
Fluor Corp (f)
  
270,442
10,284,909
Great Lakes Dredge & Dock Corp (f)
  
400
3,396
IES Holdings Inc (f)(g)
  
14,831
2,644,812
MasTec Inc (f)
  
144,318
18,846,488
Primoris Services Corp
 
83,043
5,957,505
Quanta Services Inc
 
21,600
5,608,008
Sterling Infrastructure Inc (f)
  
142,322
18,104,782
Tutor Perini Corp (f)
  
17,156
504,215
WillScot Holdings Corp
 
903,597
29,773,521
 
  
  
183,770,224
Electrical Equipment - 0.5%
  
  
  
Acuity Brands Inc
 
101,069
30,030,632
Allient Inc
 
500
12,440
AMETEK Inc
 
152,800
28,925,040
Atkore Inc
 
97,259
5,981,429
Bloom Energy Corp Class A (f)
  
10,200
245,004
Eaton Corp PLC
 
381,022
111,761,373
Emerson Electric Co
 
137,771
16,754,331
EnerSys
 
18,959
1,924,149
Fluence Energy Inc Class A (f)(g)
  
5,500
31,460
GE Vernova Inc
 
164,994
55,302,689
Generac Holdings Inc (f)
  
80,689
10,985,807
Hubbell Inc
 
67,582
25,112,795
Hyliion Holdings Corp Class A (f)(g)
  
5,600
9,464
NEXTracker Inc Class A (f)
  
35,216
1,550,208
NuScale Power Corp Class A (f)(g)
  
42,100
723,699
nVent Electric PLC
 
130,575
7,878,896
Powell Industries Inc (g)
  
15,342
2,603,691
Power Solutions International Inc (f)
  
213,729
7,132,137
Regal Rexnord Corp
 
64,930
8,401,942
Rockwell Automation Inc
 
123,901
35,578,172
Sensata Technologies Holding PLC
 
9,753
281,374
Shoals Technologies Group Inc (f)
  
44,500
134,835
Vertiv Holdings Co Class A
 
74,585
7,098,254
 
  
  
358,459,821
Ground Transportation - 0.8%
  
  
  
ArcBest Corp (g)
  
121,093
9,538,496
Covenant Logistics Group Inc Class A
 
7,308
183,942
CSX Corp
 
5,672,369
181,572,532
Heartland Express Inc
 
1,200
12,384
JB Hunt Transport Services Inc
 
1,000
161,190
Knight-Swift Transportation Holdings Inc
 
459,865
23,195,591
Landstar System Inc
 
62,666
9,951,361
Lyft Inc Class A (f)
  
311,617
4,156,971
Marten Transport Ltd
 
7,221
106,293
Norfolk Southern Corp
 
256,456
63,024,062
Old Dominion Freight Line Inc
 
331,924
58,584,586
Saia Inc (f)(g)
  
73,130
29,942,347
U-Haul Holding Co (f)(g)
  
5,000
346,250
U-Haul Holding Co Class N (g)
  
60,900
3,748,395
Uber Technologies Inc (f)
  
1,790,700
136,111,107
Union Pacific Corp
 
349,554
86,231,476
XPO Inc (f)
  
279,342
34,347,892
 
  
  
641,214,875
Industrial Conglomerates - 0.5%
  
  
  
3M Co
 
1,088,243
168,808,254
Honeywell International Inc
 
1,124,017
239,291,979
 
  
  
408,100,233
Machinery - 1.9%
  
  
  
AGCO Corp
 
193,500
18,763,695
Albany International Corp Class A
 
200
15,314
Allison Transmission Holdings Inc
 
353,630
35,981,853
Atmus Filtration Technologies Inc
 
41,400
1,647,720
Blue Bird Corp (f)(g)
  
20,574
722,970
Caterpillar Inc
 
297,874
102,453,762
Chart Industries Inc (f)
  
140,111
26,698,151
CNH Industrial NV Class A (g)
  
2,488,239
32,048,518
Columbus McKinnon Corp/NY
 
300
5,229
Commercial Vehicle Group Inc (f)
  
3,400
7,072
Crane Co (g)
  
4,954
807,452
Cummins Inc
 
255,904
94,218,735
Deere & Co
 
233,810
112,413,510
Donaldson Co Inc
 
369,056
25,498,079
Dover Corp
 
237,500
47,207,875
Energy Recovery Inc (f)(g)
  
19,223
287,576
Enerpac Tool Group Corp Class A (g)
  
4,900
226,723
Esab Corp (g)
  
204,661
25,644,023
Federal Signal Corp
 
121,863
9,905,025
Flowserve Corp
 
223,073
12,277,938
Fortive Corp
 
645,387
51,334,082
Franklin Electric Co Inc
 
1,300
132,795
Gates Industrial Corp PLC (f)
  
1,201,744
26,005,740
Gorman-Rupp Co/The
 
700
26,698
Graco Inc (g)
  
395,404
34,427,826
Greenbrier Cos Inc/The
 
8,911
500,798
Hyster-Yale Inc Class A
 
2,500
127,050
IDEX Corp
 
194,039
37,707,599
Illinois Tool Works Inc
 
165,306
43,637,478
Ingersoll Rand Inc
 
1,616,275
137,027,796
ITT Inc
 
127,512
18,009,795
JBT Marel Corp (g)
  
170,592
22,518,144
Kennametal Inc
 
51,955
1,149,764
Lincoln Electric Holdings Inc
 
100,177
20,705,584
Manitowoc Co Inc/The (f)
  
53,312
551,779
Middleby Corp/The (f)
  
155,307
25,689,331
Miller Industries Inc/TN
 
90,398
5,235,852
Mueller Industries Inc (g)
  
205,574
16,482,923
Mueller Water Products Inc Class A1
 
125,135
3,223,478
Nordson Corp
 
29,000
6,098,410
Oshkosh Corp
 
344,097
35,201,123
Otis Worldwide Corp
 
984,420
98,225,428
PACCAR Inc
 
367,741
39,436,545
Parker-Hannifin Corp
 
94,157
62,944,896
Pentair PLC
 
178,955
16,857,561
RBC Bearings Inc (f)
  
45,039
16,178,009
REV Group Inc (g)
  
92,762
2,829,241
Shyft Group Inc/The
 
28,052
281,081
Snap-on Inc
 
139,482
47,587,074
SPX Technologies Inc (f)
  
13,880
2,021,622
Standex International Corp (g)
  
20,363
3,787,111
Stanley Black & Decker Inc (g)
  
661,556
57,244,441
Taylor Devices Inc (f)
  
200
6,714
Tennant CO
 
2,400
207,744
Timken Co/The (g)
  
52,160
4,224,960
Toro Co/The
 
120,398
9,657,124
Trinity Industries Inc
 
9,192
285,779
Wabash National Corp
 
90,700
1,062,097
Watts Water Technologies Inc Class A (g)
  
26,471
5,680,147
Westinghouse Air Brake Technologies Corp
 
45,206
8,379,384
Xylem Inc/NY
 
113,506
14,856,800
 
  
  
1,424,379,023
Marine Transportation - 0.0%
  
  
  
Kirby Corp (f)
  
5,361
558,723
Passenger Airlines - 0.1%
  
  
  
Alaska Air Group Inc (f)
  
6,286
454,352
American Airlines Group Inc (f)(g)
  
19,440
278,963
Delta Air Lines Inc
 
843,874
50,733,705
JetBlue Airways Corp (f)
  
62,873
409,932
SkyWest Inc (f)
  
37,871
3,745,821
Southwest Airlines Co
 
181,900
5,649,814
United Airlines Holdings Inc (f)
  
418,816
39,289,129
 
  
  
100,561,716
Professional Services - 0.5%
  
  
  
Alight Inc Class A (g)
  
1,183,144
8,080,874
Automatic Data Processing Inc
 
24,667
7,774,545
Booz Allen Hamilton Holding Corp Class A
 
129,014
13,683,225
Broadridge Financial Solutions Inc
 
5,384
1,298,728
CACI International Inc (f)
  
95,490
31,974,827
CSG Systems International Inc
 
144,500
9,291,350
Dun & Bradstreet Holdings Inc
 
1,053,517
9,555,399
Equifax Inc
 
103,636
25,411,547
ExlService Holdings Inc (f)
  
568,009
27,520,036
Exponent Inc
 
89,671
7,591,547
Forrester Research Inc (f)
  
172,011
1,905,882
Franklin Covey Co (f)(g)
  
19,683
629,462
Genpact Ltd (g)
  
371,342
19,762,821
IBEX Holdings Ltd (f)
  
11,697
296,051
ICF International Inc
 
20,883
1,655,187
Innodata Inc (f)(g)
  
8,000
421,760
Insperity Inc (g)
  
92,670
8,152,180
Jacobs Solutions Inc
 
2,500
320,275
KBR Inc
 
225,299
11,046,410
Kelly Services Inc Class A
 
7,162
96,472
Kforce Inc (g)
  
30,910
1,549,209
Legalzoom.com Inc (f)
  
5,300
53,848
Leidos Holdings Inc
 
134,342
17,460,430
ManpowerGroup Inc
 
299,365
17,252,405
Maximus Inc
 
10,078
657,086
Parsons Corp (f)
  
47,134
2,744,141
Paycom Software Inc
 
86,016
18,877,932
Paylocity Holding Corp (f)
  
273,632
55,900,281
Planet Labs PBC Class A (f)
  
600
2,771
Robert Half Inc (g)
  
406,040
23,992,904
Science Applications International Corp
 
7,021
693,605
SS&C Technologies Holdings Inc
 
165,763
14,761,195
TransUnion
 
160,197
14,807,009
TriNet Group Inc (g)
  
14,436
1,064,078
TrueBlue Inc (f)
  
26,766
168,090
TTEC Holdings Inc
 
7,904
26,716
UL Solutions Inc Class A
 
1,600
85,104
Upwork Inc (f)(g)
  
326,710
5,204,490
Verisk Analytics Inc
 
71,110
21,113,270
Verra Mobility Corp Class A (f)(g)
  
353,025
8,080,742
Willdan Group Inc (f)
  
12,142
397,043
 
  
  
391,360,927
Trading Companies & Distributors - 0.3%
  
  
  
Air Lease Corp Class A (g)
  
4,564
218,707
Alta Equipment Group Inc Class A (g)
  
341,711
1,872,576
Applied Industrial Technologies Inc
 
115,027
28,823,466
BlueLinx Holdings Inc (f)
  
20,524
1,628,990
Boise Cascade Co
 
37,294
3,865,896
Core & Main Inc Class A (f)
  
205,620
10,488,676
Custom Truck One Source Inc Class A (f)(g)
  
896,789
3,972,775
DNOW Inc (f)
  
194,171
3,102,853
DXP Enterprises Inc/TX (f)
  
1,113
100,693
Fastenal Co
 
348,543
26,395,161
Ferguson Enterprises Inc
 
41,900
7,437,250
FTAI Aviation Ltd
 
20,431
2,629,674
Global Industrial Co
 
3,299
77,362
GMS Inc (f)(g)
  
144,704
11,519,885
Herc Holdings Inc (g)
  
17,182
2,465,273
Hudson Technologies Inc (f)
  
90,945
523,843
McGrath RentCorp
 
182,798
22,301,356
Mrc Global Inc (f)
  
38,272
465,770
MSC Industrial Direct Co Inc Class A (g)
  
79,361
6,377,450
Rush Enterprises Inc Class A
 
2,089
121,830
SiteOne Landscape Supply Inc (f)(g)
  
133,273
16,833,713
United Rentals Inc
 
88,737
56,997,550
Watsco Inc (g)
  
56,642
28,566,260
Wesco International Inc
 
94,178
16,996,304
WW Grainger Inc
 
8,865
9,053,027
 
  
  
262,836,340
TOTAL INDUSTRIALS
  
  
6,086,299,547
 
  
  
  
Information Technology - 20.9%
  
  
  
Communications Equipment - 0.7%
  
  
  
ADTRAN Holdings Inc (f)
  
64,445
681,184
Applied Optoelectronics Inc (f)(g)
  
109,174
2,386,544
Arista Networks Inc
 
747,767
69,579,719
Calix Inc (f)
  
190,085
7,036,947
Ciena Corp (f)
  
147,331
11,723,128
Cisco Systems Inc
 
4,972,771
318,804,349
Extreme Networks Inc (f)
  
1,600
24,719
F5 Inc (f)
  
107,804
31,525,124
Harmonic Inc (f)
  
5,900
60,828
Juniper Networks Inc
 
647,634
23,444,351
KVH Industries Inc (f)
  
1,756
10,236
Lumentum Holdings Inc (f)
  
154,396
10,858,671
Motorola Solutions Inc
 
95,994
42,258,479
Netgear Inc (f)
  
250,762
6,595,041
NetScout Systems Inc (f)
  
141,685
3,186,496
 
  
  
528,175,816
Electronic Equipment, Instruments & Components - 0.7%
  
  
  
Amphenol Corp Class A
 
1,134,461
75,555,103
Arlo Technologies Inc (f)
  
1,864
26,804
Arrow Electronics Inc (f)
  
99,200
10,720,544
Avnet Inc (g)
  
320,938
16,220,207
Badger Meter Inc (g)
  
58,289
12,259,925
Bel Fuse Inc Class B (g)
  
160,541
13,470,995
Belden Inc
 
66,920
7,363,208
Benchmark Electronics Inc
 
17,100
683,316
CDW Corp/DE
 
130,700
23,290,740
Cognex Corp (g)
  
510,321
16,738,529
Coherent Corp (f)
  
223,180
16,780,904
Corning Inc
 
93,363
4,682,154
Daktronics Inc (f)
  
5,200
79,352
ePlus Inc (f)(g)
  
108,614
6,992,569
Flex Ltd (f)
  
906,035
34,329,666
Identiv Inc (f)
  
666,297
2,445,310
Insight Enterprises Inc (f)(g)
  
31,078
4,782,283
IPG Photonics Corp (f)(g)
  
48,467
2,820,295
Itron Inc (f)
  
1,906
207,544
Jabil Inc
 
136,936
21,214,125
Keysight Technologies Inc (f)
  
291,296
46,470,451
Kimball Electronics Inc (f)
  
397
7,153
M-Tron Industries Inc (f)
  
400
15,824
Methode Electronics Inc
 
64,298
700,848
Mirion Technologies Inc Class A (f)
  
246,707
3,831,360
Napco Security Technologies Inc
 
65,176
1,600,723
Ouster Inc Class A (f)
  
8,700
71,775
PC Connection Inc
 
26,132
1,667,222
Plexus Corp (f)
  
12,186
1,619,763
Sanmina Corp (f)
  
137,893
11,296,195
TD SYNNEX Corp
 
330,715
45,470,005
Teledyne Technologies Inc (f)
  
78,176
40,262,204
Trimble Inc (f)
  
100
7,198
TTM Technologies Inc (f)
  
716,392
17,272,211
Vishay Precision Group Inc (f)
  
395,926
9,320,098
Vontier Corp
 
242,593
9,060,849
Zebra Technologies Corp Class A (f)
  
161,245
50,800,237
 
  
  
510,137,689
IT Services - 0.4%
  
  
  
Amdocs Ltd
 
335,832
29,301,342
ASGN Inc (f)(g)
  
79,187
5,335,620
Cognizant Technology Solutions Corp Class A
 
1,004,996
83,746,317
Couchbase Inc (f)(g)
  
151,584
2,675,458
DXC Technology Co (f)
  
217,049
3,987,190
EPAM Systems Inc (f)
  
53,969
11,125,170
Gartner Inc (f)
  
101,065
50,362,711
Globant SA (f)(g)
  
79,531
11,971,801
GoDaddy Inc Class A (f)
  
49,027
8,800,347
Hackett Group Inc/The
 
44,469
1,350,968
IBM Corporation
 
373,149
94,197,734
Kyndryl Holdings Inc (f)
  
54,000
2,056,320
MongoDB Inc Class A (f)
  
108,157
28,924,427
TSS Inc/MD (f)(g)
  
11,700
127,412
Unisys Corp (f)
  
17,200
74,131
VeriSign Inc (f)
  
31,084
7,394,262
 
  
  
341,431,210
Semiconductors & Semiconductor Equipment - 7.3%
  
  
  
ACM Research Inc Class A (f)
  
9,940
257,844
Advanced Micro Devices Inc (f)
  
322,486
32,203,452
Ambarella Inc (f)
  
115,740
7,109,908
Amkor Technology Inc
 
361,721
7,632,313
Analog Devices Inc
 
729,674
167,868,800
Applied Materials Inc
 
649,408
102,651,923
Astera Labs Inc (f)(g)
  
29,242
2,174,143
Axcelis Technologies Inc (f)(g)
  
67,872
3,718,707
AXT Inc (f)
  
3,100
4,960
Broadcom Inc
 
4,389,768
875,451,432
Cirrus Logic Inc (f)
  
161,275
16,806,468
Credo Technology Group Holding Ltd (f)
  
27,724
1,529,810
Diodes Inc (f)
  
83,900
4,142,982
Enphase Energy Inc (f)
  
95,253
5,460,854
Entegris Inc
 
143,375
14,512,418
Everspin Technologies Inc (f)(g)
  
15,000
84,600
First Solar Inc (f)
  
137,786
18,763,697
FormFactor Inc (f)(g)
  
365,988
12,187,400
Intel Corp
 
2,350,644
55,780,782
inTEST Corp (f)
  
2,787
23,271
KLA Corp
 
102,239
72,471,093
Lam Research Corp
 
716,591
54,991,193
Lattice Semiconductor Corp (f)(g)
  
266,681
16,624,894
MACOM Technology Solutions Holdings Inc (f)
  
126,865
14,673,206
Marvell Technology Inc
 
221,700
20,356,494
Maxeon Solar Technologies Ltd (f)(g)
  
232
998
MaxLinear Inc Class A (f)
  
24,283
354,775
Microchip Technology Inc
 
1,380,874
81,278,244
Micron Technology Inc
 
1,785,126
167,141,347
MKS Instruments Inc
 
122,564
11,253,826
Monolithic Power Systems Inc
 
26,159
15,983,411
NVE Corp (g)
  
8,550
588,582
NVIDIA Corp
 
26,335,767
3,289,864,014
ON Semiconductor Corp (f)
  
17,400
818,670
Onto Innovation Inc (f)
  
22,122
3,222,291
PDF Solutions Inc (f)
  
2,700
60,804
Photronics Inc (f)(g)
  
128,407
2,676,002
Power Integrations Inc (g)
  
187,968
11,428,454
Qorvo Inc (f)
  
200
14,538
QUALCOMM Inc
 
1,261,742
198,307,990
Rambus Inc (f)(g)
  
30,122
1,683,519
Rigetti Computing Inc Class A (f)(g)
  
20,852
176,408
Semtech Corp (f)
  
25,002
954,826
Silicon Laboratories Inc (f)(g)
  
87,352
12,255,486
SiTime Corp (f)
  
16,361
2,538,409
SkyWater Technology Inc (f)(g)
  
12,000
111,960
Skyworks Solutions Inc
 
194,080
12,937,373
Synaptics Inc (f)
  
66,172
4,376,616
Texas Instruments Inc
 
1,104,283
216,428,425
Ultra Clean Holdings Inc (f)
  
8,800
216,480
Wolfspeed Inc (f)(g)
  
67,443
389,821
 
  
  
5,542,545,913
Software - 7.1%
  
  
  
8x8 Inc (f)(g)
  
45,665
114,163
ACI Worldwide Inc (f)
  
455,360
26,114,896
Adobe Inc (f)
  
376,765
165,234,058
Alarm.com Holdings Inc (f)
  
8,095
470,239
Asana Inc Class A (f)(g)
  
36,892
710,171
Atlassian Corp Class A (f)
  
60,766
17,273,343
Aurora Innovation Inc Class A (f)(g)
  
74,100
538,707
Autodesk Inc (f)
  
185,029
50,736,802
AvePoint Inc Class A (f)
  
100
1,493
Bentley Systems Inc Class B
 
3,108
136,441
Box Inc Class A (f)
  
35,119
1,148,391
Braze Inc Class A (f)(g)
  
41,734
1,543,323
C3.ai Inc Class A (f)(g)
  
12,490
292,891
Cadence Design Systems Inc (f)
  
355,985
89,174,243
Ccc Intelligent Solutions Holdings Inc Class A (f)
  
1,021,747
10,411,602
Cerence Inc (f)(g)
  
12,800
146,048
Clear Secure Inc Class A (g)
  
163,059
3,866,129
Clearwater Analytics Holdings Inc Class A (f)(g)
  
358,838
11,159,862
Commvault Systems Inc (f)
  
107,378
18,314,392
Confluent Inc Class A (f)
  
575,470
18,265,418
Consensus Cloud Solutions Inc (f)
  
20,040
524,447
Crowdstrike Holdings Inc Class A (f)
  
88,865
34,627,136
CyberArk Software Ltd (f)
  
36,180
13,164,093
Digital Turbine Inc (f)
  
3,330
11,422
Dolby Laboratories Inc Class A
 
116,536
9,510,503
Domo Inc Class B (f)
  
413,918
3,145,777
DoubleVerify Holdings Inc (f)
  
83,529
1,161,053
Dropbox Inc Class A (f)
  
324,910
8,441,162
Dynatrace Inc (f)
  
460,074
26,339,237
Elastic NV (f)
  
49,854
5,801,011
Fair Isaac Corp (f)
  
16,111
30,390,985
Five9 Inc (f)
  
134,595
4,872,339
Fortinet Inc (f)
  
596,063
64,380,765
Freshworks Inc Class A (f)
  
91,110
1,554,337
Gen Digital Inc
 
2,475,870
67,665,527
Gitlab Inc Class A (f)
  
185,927
11,194,665
Guidewire Software Inc (f)
  
8,550
1,721,286
HubSpot Inc (f)
  
43,619
31,579,720
I3 Verticals Inc Class A (f)
  
387,747
10,054,280
Informatica Inc Class A (f)
  
69,146
1,324,837
Intuit Inc
 
197,428
121,189,204
Jamf Holding Corp (f)
  
100
1,367
Klaviyo Inc Class A (f)
  
24,000
943,680
LiveRamp Holdings Inc (f)
  
73,892
2,207,893
Manhattan Associates Inc (f)
  
191,411
33,856,778
Microsoft Corp
 
8,316,673
3,301,636,014
Monday.com Ltd (f)
  
28,333
8,408,384
N-able Inc/US (f)
  
48,700
488,461
NCR Voyix Corp (f)(g)
  
284,958
3,214,326
Ooma Inc (f)
  
22,185
319,020
Oracle Corp
 
2,161,360
358,915,442
Pagaya Technologies Ltd Class A (f)(g)
  
219,545
2,816,762
Palantir Technologies Inc Class A (f)
  
1,030,779
87,533,753
Palo Alto Networks Inc (f)
  
337,632
64,295,262
Pegasystems Inc
 
13,426
1,054,075
Porch Group Inc (f)(g)
  
1,312,823
9,176,633
Procore Technologies Inc (f)
  
161,100
12,319,317
PROS Holdings Inc (f)
  
8,484
205,143
Q2 Holdings Inc (f)
  
6,031
526,928
Qualys Inc (f)
  
92,529
12,163,862
Rapid7 Inc (f)
  
39,409
1,146,408
Rimini Street Inc (f)(g)
  
256,060
909,013
RingCentral Inc Class A (f)
  
126,033
3,585,639
Roper Technologies Inc
 
134,611
78,680,130
SailPoint Inc (g)
  
380,786
9,138,864
Salesforce Inc
 
1,214,693
361,796,310
SEMrush Holdings Inc Class A (f)
  
600
6,599
SentinelOne Inc Class A (f)
  
24,583
507,147
Servicenow Inc (f)
  
143,308
133,242,046
ServiceTitan Inc Class A (f)(g)
  
2,245
213,140
SoundThinking Inc (f)(g)
  
4,240
69,663
Synopsys Inc (f)
  
107,611
49,208,358
Tenable Holdings Inc (f)
  
99,101
3,779,712
Tyler Technologies Inc (f)
  
47,776
29,068,352
UiPath Inc Class A (f)
  
300,726
3,698,930
Unity Software Inc (f)(g)
  
91,719
2,351,675
Upland Software Inc (f)
  
20,503
65,200
Varonis Systems Inc (f)(g)
  
84,526
3,632,082
Verint Systems Inc (f)
  
25,489
575,287
Weave Communications Inc (f)
  
7,300
91,980
Workday Inc Class A (f)
  
133,046
35,036,334
Workiva Inc Class A (f)
  
44,994
3,937,875
Xperi Inc (f)
  
58,500
494,910
Yext Inc (f)(g)
  
49,700
337,960
Zeta Global Holdings Corp Class A (f)(g)
  
327,345
5,633,607
Zscaler Inc (f)
  
80,771
15,849,693
 
  
  
5,507,446,412
Technology Hardware, Storage & Peripherals - 4.7%
  
  
  
Apple Inc
 
14,116,999
3,414,055,038
Dell Technologies Inc Class C
 
257,311
26,441,278
Diebold Nixdorf Inc (f)(g)
  
231,881
10,256,097
Hewlett Packard Enterprise Co
 
1,254,400
24,849,664
HP Inc
 
988,900
30,527,343
Immersion Corp (g)
  
6,320
50,812
IonQ Inc (f)(g)
  
59,099
1,452,062
NetApp Inc
 
164,190
16,387,804
Pure Storage Inc Class A (f)
  
677,595
35,553,410
Sandisk Corp/DE (g)
  
127,446
5,970,845
Seagate Technology Holdings PLC
 
88,572
9,026,373
Super Micro Computer Inc (f)
  
407,478
16,894,038
Western Digital Corp (f)
  
1,430,350
69,987,026
Xerox Holdings Corp (g)
  
207,500
1,375,725
 
  
  
3,662,827,515
TOTAL INFORMATION TECHNOLOGY
  
  
16,092,564,555
 
  
  
  
Materials - 1.7%
  
  
  
Chemicals - 1.0%
  
  
  
Air Products and Chemicals Inc
 
18,070
5,712,831
Alto Ingredients Inc (f)
  
59,978
96,564
American Vanguard Corp
 
34,203
175,803
Avient Corp
 
431,935
18,473,860
Axalta Coating Systems Ltd (f)
  
143,354
5,190,848
Balchem Corp
 
69,092
12,024,081
Cabot Corp
 
55,734
4,793,124
Celanese Corp (g)
  
82,089
4,181,614
CF Industries Holdings Inc
 
198,884
16,113,582
Chemours Co/The
 
60,671
907,031
Corteva Inc
 
271,927
17,125,962
DuPont de Nemours Inc
 
250,831
20,510,451
Eastman Chemical Co
 
126,962
12,423,232
Ecolab Inc
 
185,118
49,798,593
Element Solutions Inc
 
307,524
8,029,452
FMC Corp
 
123,005
4,538,885
Huntsman Corp
 
386,613
6,545,358
Ingevity Corp (f)
  
117,992
5,623,499
Innospec Inc
 
41,545
4,296,168
International Flavors & Fragrances Inc
 
154,333
12,625,983
Intrepid Potash Inc (f)
  
8,579
223,826
Koppers Holdings Inc
 
1,950
56,764
Linde PLC
 
743,480
347,242,334
LSB Industries Inc (f)(g)
  
1,000
7,329
LyondellBasell Industries NV Class A1
 
60,300
4,632,849
Mativ Holdings Inc
 
37,400
252,824
Minerals Technologies Inc
 
94,098
6,468,297
Mosaic Co/The
 
941,875
22,529,650
Olin Corp
 
25,699
652,498
Perimeter Solutions Inc
 
13,269
140,385
PPG Industries Inc
 
399,312
45,210,105
Quaker Chemical Corp
 
2,475
344,075
Rayonier Advanced Materials Inc (f)
  
22,683
174,659
RPM International Inc
 
344,756
42,711,821
Sensient Technologies Corp
 
3,169
219,929
Sherwin-Williams Co/The
 
290,040
105,072,791
Westlake Corp
 
7,237
812,715
 
  
  
785,939,772
Construction Materials - 0.2%
  
  
  
Eagle Materials Inc (g)
  
135,660
30,687,649
Martin Marietta Materials Inc
 
183,863
88,831,570
United States Lime & Minerals Inc
 
18,741
1,758,842
Vulcan Materials Co
 
150,432
37,203,338
 
  
  
158,481,399
Containers & Packaging - 0.3%
  
  
  
Amcor PLC (g)
  
429,100
4,342,492
AptarGroup Inc
 
192,174
28,201,535
Avery Dennison Corp
 
94,939
17,845,684
Ball Corp
 
264,109
13,915,903
Berry Global Group Inc
 
268,271
19,361,118
Crown Holdings Inc
 
164,791
14,770,217
Graphic Packaging Holding CO (g)
  
833,200
22,229,776
International Paper Co
 
437,612
24,659,436
O-I Glass Inc (f)
  
223,200
2,560,104
Packaging Corp of America
 
149,243
31,802,191
Ranpak Holdings Corp Class A (f)
  
376,562
2,519,200
Smurfit WestRock PLC
 
969,101
50,461,089
Sonoco Products Co
 
34,659
1,657,393
TriMas Corp (g)
  
119,463
2,447,797
 
  
  
236,773,935
Metals & Mining - 0.2%
  
  
  
Alcoa Corp
 
32,758
1,089,204
Alpha Metallurgical Resources Inc (f)(g)
  
13,690
1,882,649
ATI Inc (f)
  
76,617
4,456,045
Carpenter Technology Corp
 
11,083
2,294,957
Century Aluminum Co (f)
  
39,985
757,716
Cleveland-Cliffs Inc (f)(g)
  
587,892
6,372,749
Compass Minerals International Inc (g)
  
36,907
385,309
Freeport-McMoRan Inc
 
1,120,505
41,357,840
Hecla Mining Co
 
68,000
348,840
Kaiser Aluminum Corp (g)
  
6,529
461,992
Materion Corp (g)
  
8,561
782,133
Metallus Inc (f)(g)
  
3,100
44,763
Newmont Corp
 
398,700
17,080,308
Nucor Corp
 
90,820
12,485,025
Olympic Steel Inc
 
38,643
1,283,720
Piedmont Lithium Inc (f)(g)
  
8,411
59,718
Radius Recycling Inc Class A
 
69,361
959,263
Reliance Inc
 
18,100
5,378,596
Royal Gold Inc
 
1,832
269,304
Ryerson Holding Corp (g)
  
12,353
311,049
Steel Dynamics Inc
 
275,477
37,208,678
SunCoke Energy Inc
 
75,000
680,250
Warrior Met Coal Inc (g)
  
85,365
4,109,471
Worthington Steel Inc
 
5,400
144,018
 
  
  
140,203,597
Paper & Forest Products - 0.0%
  
  
  
Clearwater Paper Corp (f)
  
5,452
142,570
Louisiana-Pacific Corp
 
107,099
10,674,557
Magnera Corp (f)
  
54,534
1,123,946
Sylvamo Corp (g)
  
80,120
5,696,532
 
  
  
17,637,605
TOTAL MATERIALS
  
  
1,339,036,308
 
  
  
  
Real Estate - 1.5%
  
  
  
Diversified REITs - 0.0%
  
  
  
Alexander & Baldwin Inc
 
9,800
177,478
Alpine Income Property Trust Inc
 
5,400
89,532
American Assets Trust Inc
 
9,328
209,507
Broadstone Net Lease Inc Class A
 
270,093
4,551,067
CTO Realty Growth Inc (g)
  
73,483
1,399,116
Empire State Realty Trust Inc Class A
 
5,000
46,350
Essential Properties Realty Trust Inc
 
100
3,272
Gladstone Commercial Corp
 
12,002
194,792
 
  
  
6,671,114
Health Care REITs - 0.4%
  
  
  
Alexandria Real Estate Equities Inc
 
664,804
67,982,857
CareTrust REIT Inc
 
242,423
6,271,483
Community Healthcare Trust Inc
 
8,999
168,641
Healthcare Realty Trust Inc
 
681,086
11,667,003
Healthpeak Properties Inc
 
85,583
1,751,028
LTC Properties Inc
 
5,500
191,895
Omega Healthcare Investors Inc
 
248,245
9,145,346
Sabra Health Care REIT Inc
 
324,184
5,384,696
Ventas Inc
 
1,503,175
103,989,648
Welltower Inc
 
513,134
78,771,200
 
  
  
285,323,797
Hotel & Resort REITs - 0.0%
  
  
  
Chatham Lodging Trust
 
25,284
204,295
Host Hotels & Resorts Inc
 
506,500
8,169,845
Park Hotels & Resorts Inc
 
428,396
5,260,703
Pebblebrook Hotel Trust
 
10,083
124,525
RLJ Lodging Trust
 
146,703
1,358,470
Ryman Hospitality Properties Inc
 
95,149
9,409,285
Service Properties Trust
 
350,400
1,044,192
Summit Hotel Properties Inc
 
13,412
86,775
 
  
  
25,658,090
Industrial REITs - 0.2%
  
  
  
Americold Realty Trust Inc
 
871,785
19,990,030
EastGroup Properties Inc
 
53,400
9,764,190
First Industrial Realty Trust Inc
 
445,951
25,454,883
Industrial Logistics Properties Trust
 
45,270
178,364
LXP Industrial Trust
 
50,700
454,272
Plymouth Industrial REIT Inc
 
13,376
231,940
Prologis Inc
 
456,265
56,540,359
Rexford Industrial Realty Inc
 
1,008,734
41,680,889
STAG Industrial Inc Class A
 
249,942
8,992,913
Terreno Realty Corp
 
35,800
2,427,956
 
  
  
165,715,796
Office REITs - 0.0%
  
  
  
Brandywine Realty Trust
 
676,914
3,418,416
City Office Reit Inc
 
21,400
112,564
COPT Defense Properties
 
479,987
12,974,049
Cousins Properties Inc
 
16,200
491,346
Douglas Emmett Inc
 
300
5,189
Franklin Street Properties Corp
 
33,522
63,021
Hudson Pacific Properties Inc
 
47,800
156,784
Kilroy Realty Corp
 
26,600
949,620
Office Properties Income Trust
 
112,806
102,868
Orion Office REIT Inc
 
18,100
74,572
Paramount Group Inc
 
59,744
269,445
Piedmont Office Realty Trust Inc Class A1
 
784,400
5,953,596
Vornado Realty Trust
 
7,600
319,504
 
  
  
24,890,974
Real Estate Management & Development - 0.1%
  
  
  
Anywhere Real Estate Inc (f)
  
342,434
1,188,246
CBRE Group Inc Class A (f)
  
145,551
20,659,509
CoStar Group Inc (f)
  
385,920
29,426,400
Douglas Elliman Inc (f)
  
11,321
20,717
Forestar Group Inc (f)
  
4,500
99,225
Howard Hughes Holdings Inc (f)
  
43,008
3,406,234
Jones Lang LaSalle Inc (f)
  
85,798
23,327,618
Newmark Group Inc Class A
 
2,131
31,262
RE/MAX Holdings Inc Class A (f)
  
19,700
174,936
RMR Group Inc/The Class A
 
104
1,895
Seritage Growth Properties Class A (f)
  
26,200
95,892
St Joe Co/The
 
24,064
1,154,350
Zillow Group Inc Class A (f)
  
5,958
443,216
 
  
  
80,029,500
Residential REITs - 0.2%
  
  
  
American Homes 4 Rent Class A (g)
  
186,684
6,909,175
Apartment Investment and Management Co Class A
 
40,600
367,430
AvalonBay Communities Inc
 
67,402
15,244,984
Camden Property Trust
 
119,002
14,763,388
Elme Communities
 
200
3,478
Equity LifeStyle Properties Inc
 
187,908
12,886,731
Equity Residential
 
168,349
12,486,445
Essex Property Trust Inc
 
61,027
19,014,182
Independence Realty Trust Inc
 
570,325
12,433,085
Invitation Homes Inc
 
137,150
4,664,472
Mid-America Apartment Communities Inc
 
5,100
857,412
NexPoint Residential Trust Inc
 
35,360
1,504,568
Sun Communities Inc
 
180,070
24,516,531
Veris Residential Inc
 
22,600
382,618
 
  
  
126,034,499
Retail REITs - 0.2%
  
  
  
Agree Realty Corp (g)
  
200,256
14,778,893
Brixmor Property Group Inc
 
259,150
7,245,834
Curbline Properties Corp
 
63,000
1,551,690
Federal Realty Investment Trust
 
3,099
326,697
InvenTrust Properties Corp
 
28,297
842,685
Kimco Realty Corp
 
1,736,312
38,372,495
Kite Realty Group Trust
 
408,748
9,372,592
Macerich Co/The
 
123,900
2,235,156
NNN REIT Inc
 
147,526
6,262,479
Regency Centers Corp
 
123,147
9,445,375
Saul Centers Inc
 
5,900
220,954
Simon Property Group Inc
 
192,067
35,741,748
SITE Centers Corp
 
114,509
1,604,271
Tanger Inc
 
77,056
2,731,635
 
  
  
130,732,504
Specialized REITs - 0.4%
  
  
  
American Tower Corp
 
602,445
123,874,741
Crown Castle Inc
 
1,100
103,510
CubeSmart
 
398,702
16,458,419
Digital Realty Trust Inc
 
117,400
18,351,968
Equinix Inc
 
75,127
67,961,387
Extra Space Storage Inc
 
17,041
2,599,775
Four Corners Property Trust Inc
 
31,100
894,125
Gaming and Leisure Properties Inc
 
507
25,426
Gladstone Land Corp
 
900
10,314
Iron Mountain Inc
 
442
41,181
Lamar Advertising Co Class A
 
242,160
30,083,537
Millrose Properties Inc Class A
 
133,005
3,040,494
PotlatchDeltic Corp
 
928
43,087
Public Storage Operating Co
 
149,276
45,323,179
Rayonier Inc
 
37,162
984,421
VICI Properties Inc
 
991,817
32,224,134
Weyerhaeuser Co
 
6,891
207,419
 
  
  
342,227,117
TOTAL REAL ESTATE
  
  
1,187,283,391
 
  
  
  
Utilities - 1.9%
  
  
  
Electric Utilities - 1.3%
  
  
  
American Electric Power Co Inc
 
219,798
23,309,578
Constellation Energy Corp
 
368,563
92,341,617
Duke Energy Corp
 
452,575
53,173,037
Edison International
 
498,962
27,163,491
Entergy Corp
 
925,474
80,803,135
Evergy Inc
 
316,376
21,801,470
Eversource Energy
 
22,700
1,430,327
Exelon Corp
 
1,092,320
48,280,544
FirstEnergy Corp
 
202,732
7,859,920
Genie Energy Ltd Class B
 
412
5,891
IDACORP Inc
 
220,632
26,014,719
MGE Energy Inc (g)
  
100
9,178
NextEra Energy Inc
 
2,782,407
195,241,499
NRG Energy Inc
 
324,781
34,332,600
OGE Energy Corp
 
60,771
2,812,482
PG&E Corp
 
3,370,847
55,079,640
Pinnacle West Capital Corp
 
21,666
2,004,972
Portland General Electric Co
 
53,327
2,390,649
PPL Corp
 
2,488,963
87,636,387
Southern Co/The
 
1,617,005
145,190,879
TXNM Energy Inc
 
633,167
33,082,976
Xcel Energy Inc
 
654,336
47,177,626
 
  
  
987,142,617
Gas Utilities - 0.1%
  
  
  
Atmos Energy Corp
 
322,143
49,007,615
MDU Resources Group Inc
 
16,835
290,403
National Fuel Gas Co
 
65,200
4,903,040
New Jersey Resources Corp
 
110,104
5,326,832
ONE Gas Inc
 
43,078
3,237,312
Southwest Gas Holdings Inc
 
173,706
13,036,635
UGI Corp
 
279,621
9,551,853
 
  
  
85,353,690
Independent Power and Renewable Electricity Producers - 0.1%
  
  
  
AES Corp/The
 
419,400
4,860,846
Clearway Energy Inc Class C
 
4,984
139,652
Montauk Renewables Inc (f)(g)
  
13,382
45,900
Talen Energy Corp (f)
  
118,291
24,598,613
Vistra Corp
 
241,822
32,321,929
 
  
  
61,966,940
Multi-Utilities - 0.4%
  
  
  
Ameren Corp
 
361,547
36,718,713
Avista Corp
 
4,800
191,856
Black Hills Corp
 
3,523
215,537
CenterPoint Energy Inc
 
129,947
4,467,578
CMS Energy Corp
 
602,421
44,006,854
Consolidated Edison Inc
 
621,743
63,119,349
Dominion Energy Inc
 
1,846,102
104,526,296
DTE Energy Co
 
108,027
14,443,210
NiSource Inc
 
161,308
6,582,979
NorthWestern Corp
 
223,632
12,507,738
Public Service Enterprise Group Inc
 
204,767
16,616,842
Sempra
 
371,963
26,621,392
WEC Energy Group Inc
 
54,900
5,857,281
 
  
  
335,875,625
Water Utilities - 0.0%
  
  
  
California Water Service Group
 
7,766
352,965
Consolidated Water Co Ltd
 
26,321
712,509
SJW Group
 
14,645
771,352
 
  
  
1,836,826
TOTAL UTILITIES
  
  
1,472,175,698
 
  
  
  
TOTAL UNITED STATES
  
  
62,017,726,729
ZAMBIA - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
First Quantum Minerals Ltd (f)
  
130,222
1,615,680
 
TOTAL COMMON STOCKS
 (Cost $30,342,564,634)
  
  
  
63,428,042,360
 
  
  
  
Domestic Equity Funds - 15.7%
 
  
Shares
Value ($)
 
Fidelity Advisor Blue Chip Growth Fund - Class Z (j)
  
41,132
9,065,108
Fidelity Advisor Small Cap Growth Fund - Class Z (j)
  
17,559,200
576,995,297
Fidelity Extended Market Index Fund (j)
  
33,227,159
2,986,789,282
Fidelity Growth Company Fund (j)
  
85,917,612
3,359,378,619
Fidelity Mid Cap Index Fund (j)
  
88,961
3,042,466
Fidelity SAI Inflation-Focused Fund (j)
  
14
1,246
Fidelity SAI Real Estate Index Fund (j)
  
445,223
2,364,134
Fidelity SAI U.S. Large Cap Index Fund (j)
  
68,349,350
1,610,994,176
Fidelity SAI U.S. Low Volatility Index Fund (j)
  
32,525,646
730,526,017
Fidelity SAI U.S. Momentum Index Fund (j)
  
12,235,902
214,862,441
Fidelity SAI U.S. Quality Index Fund (j)
  
79,775,275
1,749,471,777
iShares Core S&P 500 ETF (v)
  
1,527,926
912,232,939
SPDR S&P 500 ETF Trust
 
29,500
17,528,310
 
TOTAL DOMESTIC EQUITY FUNDS
 (Cost $8,912,847,776)
  
  
12,173,251,812
 
  
  
  
Foreign Government and Government Agency Obligations - 0.0%
 
  
Principal
Amount (a)
 
Value ($)
 
CANADA - 0.0%
 
  
  
Province of Quebec 4.45% 9/1/2034
CAD
11,200,000
8,322,411
MEXICO - 0.0%
 
  
  
United Mexican States 6% 5/13/2030
 
200,000
203,800
United Mexican States 6.875% 5/13/2037
 
700,000
719,670
United Mexican States 7.375% 5/13/2055
 
300,000
312,600
United Mexican States 8% 11/7/2047
MXN
21,200,000
846,930
United Mexican States 8.5% 3/1/2029
MXN
27,900,000
1,327,188
TOTAL MEXICO
  
  
3,410,188
PERU - 0.0%
 
  
  
Peruvian Republic 5.4% 8/12/2034 (h)
PEN
23,900,000
6,017,253
Peruvian Republic 6.15% 8/12/2032 (d)
PEN
11,600,000
3,213,183
Peruvian Republic 6.9% 8/12/2037 (d)
PEN
9,300,000
2,532,016
Peruvian Republic 6.95% 8/12/2031 (h)
PEN
4,100,000
1,206,456
Peruvian Republic 7.3% 8/12/2033 (d)(h)
PEN
1,000,000
291,173
TOTAL PERU
  
  
13,260,081
POLAND - 0.0%
 
  
  
Republic of Poland  4.75% 7/25/2029
PLN
6,800,000
1,638,852
SAUDI ARABIA - 0.0%
 
  
  
Kingdom of Saudi Arabia 5.625% 1/13/2035 (d)
  
5,200,000
5,327,816
 
TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS
 (Cost $31,153,855)
  
  
  
31,959,348
 
  
  
  
Non-Convertible Corporate Bonds - 0.1%
 
  
Principal
Amount (a)
 
Value ($)
 
CANADA - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
CPPIB Capital Inc 4.3% 6/2/2034 (h)
CAD
1,900,000
1,399,834
ITALY - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Intesa Sanpaolo SpA 6.625% 6/20/2033 (d)
  
300,000
322,279
JAPAN - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Norinchukin Bank/The 5.094% 10/16/2029 (d)
  
900,000
907,523
SWITZERLAND - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
UBS Group AG 6.537% 8/12/2033 (b)(d)
  
9,150,000
9,869,243
UNITED KINGDOM - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Barclays PLC 6.224% 5/9/2034 (b)
  
4,780,000
5,032,118
UNITED STATES - 0.1%
 
  
  
Communication Services - 0.0%
  
  
  
Wireless Telecommunication Services - 0.0%
  
  
  
T-Mobile USA Inc 5.75% 1/15/2034
 
800,000
837,232
Consumer Discretionary - 0.0%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Las Vegas Sands Corp 6.2% 8/15/2034
 
400,000
410,572
Financials - 0.1%
  
  
  
Banks - 0.1%
  
  
  
Bank of America Corp 2.592% 4/29/2031 (b)
  
5,540,000
4,969,787
Bank of America Corp 5.288% 4/25/2034 (b)
  
4,860,000
4,899,340
JPMorgan Chase & Co 4.946% 10/22/2035 (b)
  
600,000
589,960
JPMorgan Chase & Co 4.995% 7/22/2030 (b)
  
4,910,000
4,952,516
JPMorgan Chase & Co 5.766% 4/22/2035 (b)
  
4,700,000
4,911,036
Wells Fargo & Co 5.198% 1/23/2030 (b)
  
4,880,000
4,949,080
Wells Fargo & Co 5.557% 7/25/2034 (b)
  
4,820,000
4,917,500
 
  
  
30,189,219
Capital Markets - 0.0%
  
  
  
GA Global Funding Trust 5.9% 1/13/2035 (d)
  
400,000
409,691
Goldman Sachs Group Inc/The 5.851% 4/25/2035 (b)
  
9,430,000
9,804,299
Morgan Stanley 5.042% 7/19/2030 (b)
  
4,910,000
4,949,259
Morgan Stanley 5.424% 7/21/2034 (b)
  
4,840,000
4,924,170
 
  
  
20,087,419
Insurance - 0.0%
  
  
  
F&G Global Funding 5.875% 1/16/2030 (d)
  
200,000
204,432
Jackson National Life Global Funding 5.35% 1/13/2030 (d)
  
2,400,000
2,451,185
Jackson National Life Global Funding U.S. SOFR Index + 0.97%, 5.3122% 1/14/2028 (b)(c)(d)
  
200,000
201,488
 
  
  
2,857,105
TOTAL FINANCIALS
  
  
53,133,743
 
  
  
  
Health Care - 0.0%
  
  
  
Health Care Providers & Services - 0.0%
  
  
  
HCA Inc 5.45% 9/15/2034
 
900,000
896,928
Information Technology - 0.0%
  
  
  
IT Services - 0.0%
  
  
  
CDW LLC / CDW Finance Corp 5.55% 8/22/2034
 
900,000
895,797
Semiconductors & Semiconductor Equipment - 0.0%
  
  
  
Broadcom Inc 3.419% 4/15/2033 (d)
  
1,000,000
892,582
TOTAL INFORMATION TECHNOLOGY
  
  
1,788,379
 
  
  
  
Utilities - 0.0%
  
  
  
Electric Utilities - 0.0%
  
  
  
Pacific Gas and Electric Co 3.3% 12/1/2027
 
200,000
190,578
Pacific Gas and Electric Co 4.5% 7/1/2040
 
699,000
604,220
Pacific Gas and Electric Co 5.45% 6/15/2027
 
100,000
101,193
Pacific Gas and Electric Co 5.7% 3/1/2035
 
300,000
303,788
Pacific Gas and Electric Co 6.15% 1/15/2033
 
800,000
830,201
Pacific Gas and Electric Co 6.15% 3/1/2055
 
400,000
404,720
Pacific Gas and Electric Co 6.7% 4/1/2053
 
1,984,000
2,130,996
Southern California Edison Co 3.45% 2/1/2052
 
200,000
135,087
Southern California Edison Co 4.65% 10/1/2043
 
700,000
599,982
Southern California Edison Co 4.7% 6/1/2027
 
800,000
796,470
Southern California Edison Co 4.875% 3/1/2049
 
600,000
513,784
Southern California Edison Co 5.2% 6/1/2034
 
900,000
882,451
 
  
  
7,493,470
TOTAL UNITED STATES
  
  
64,560,324
 
TOTAL NON-CONVERTIBLE CORPORATE BONDS
 (Cost $82,433,138)
  
  
  
82,091,321
 
  
  
  
Repurchase Agreements - 0.5%
 
  
Maturity
Amount ($)
 
Value ($)
 
Barclays Bank PLC 4.39%, dated 3/3/2025 due 3/4/2025 (k)
  
180,822,048
180,800,000
Repurchase Agreements*
 
190,670,999
190,600,000
 
TOTAL REPURCHASE AGREEMENTS
 (Cost $371,400,000)
  
  
371,400,000
 
  
  
  
U.S. Government Agency - Mortgage Securities - 0.7%
 
  
Principal
Amount (a)
 
Value ($)
 
Fannie Mae 4.705% 9/1/2031 (b)
  
3,900,000
3,918,702
Fannie Mae 6% 6/1/2054
 
997,148
1,015,235
Fannie Mae 6% 7/1/2054
 
84,145
85,593
Fannie Mae Mortgage pass-thru certificates 4% 1/1/2055
 
3,550,072
3,329,977
Fannie Mae Mortgage pass-thru certificates 4% 11/1/2054
 
679,259
637,572
Fannie Mae Mortgage pass-thru certificates 4% 2/1/2055
 
1,057,023
991,491
Fannie Mae Mortgage pass-thru certificates 4% 4/1/2053
 
167,643
157,328
Fannie Mae Mortgage pass-thru certificates 4% 4/1/2053
 
645,534
605,815
Fannie Mae Mortgage pass-thru certificates 4.01% 11/1/2029
 
2,000,000
1,961,004
Fannie Mae Mortgage pass-thru certificates 4.045% 12/1/2029
 
2,000,000
1,964,257
Fannie Mae Mortgage pass-thru certificates 4.3% 11/1/2029
 
2,000,000
1,986,623
Fannie Mae Mortgage pass-thru certificates 4.3% 12/1/2029
 
1,704,000
1,692,226
Fannie Mae Mortgage pass-thru certificates 4.45% 1/1/2030
 
10,000,000
9,996,076
Fannie Mae Mortgage pass-thru certificates 4.72% 10/1/2028
 
1,000,000
1,011,609
Fannie Mae Mortgage pass-thru certificates 4.72% 8/1/2030
 
687,929
693,651
Fannie Mae Mortgage pass-thru certificates 4.77% 10/1/2028
 
500,000
506,644
Fannie Mae Mortgage pass-thru certificates 4.86% 8/1/2030
 
600,000
606,149
Fannie Mae Mortgage pass-thru certificates 5.24% 1/1/2034
 
6,106,000
6,294,054
Fannie Mae Mortgage pass-thru certificates 5.34% 10/1/2032
 
3,122,040
3,228,924
Fannie Mae Mortgage pass-thru certificates 5.5% 12/1/2054
 
196,532
196,907
Fannie Mae Mortgage pass-thru certificates 5.65% 10/1/2030
 
1,918,139
2,009,490
Fannie Mae Mortgage pass-thru certificates 5.73% 11/1/2030
 
1,998,000
2,094,853
Fannie Mae Mortgage pass-thru certificates 6% 1/1/2054
 
46,012
46,794
Fannie Mae Mortgage pass-thru certificates 6% 5/1/2054
 
481,679
489,965
Fannie Mae Mortgage pass-thru certificates 6% 6/1/2054
 
3,644,062
3,706,747
Fannie Mae Mortgage pass-thru certificates 6% 7/1/2054
 
908,767
924,399
Fannie Mae Mortgage pass-thru certificates 6% 9/1/2054
 
330,144
335,720
Fannie Mae Mortgage pass-thru certificates 6.5% 2/1/2054
 
3,080,394
3,175,737
Fannie Mae Mortgage pass-thru certificates 6.5% 4/1/2054
 
580,202
600,110
Freddie Mac Gold Pool 4% 1/1/2055
 
277,164
259,981
Freddie Mac Gold Pool 4% 10/1/2052
 
19,768
18,563
Freddie Mac Gold Pool 4% 11/1/2054
 
1,453,177
1,363,084
Freddie Mac Gold Pool 4% 11/1/2054
 
59,584
55,890
Freddie Mac Gold Pool 4% 12/1/2054
 
220,429
206,763
Freddie Mac Gold Pool 4% 12/1/2054
 
322,102
302,133
Freddie Mac Gold Pool 4% 5/1/2054
 
293,528
275,330
Freddie Mac Gold Pool 6% 11/1/2054
 
245,859
250,011
Freddie Mac Gold Pool 6% 12/1/2053
 
54,875
55,922
Freddie Mac Gold Pool 6% 3/1/2054
 
2,297,268
2,336,786
Freddie Mac Gold Pool 6% 6/1/2054
 
99,729
101,444
Freddie Mac Gold Pool 6% 7/1/2054
 
2,704,140
2,750,657
Freddie Mac Gold Pool 6% 8/1/2054
 
22,862,730
23,248,873
Freddie Mac Gold Pool 6% 8/1/2054
 
530,265
539,221
Freddie Mac Gold Pool 6.5% 2/1/2054
 
373,281
384,834
Freddie Mac Non Gold Pool 6% 9/1/2054
 
356,330
362,348
Ginnie Mae II Pool 4.5% 3/1/2055 (l)
  
3,220,000
3,109,418
Uniform Mortgage Backed Securities 4% 3/1/2055 (l)
  
32,330,000
30,314,425
Uniform Mortgage Backed Securities 4.5% 4/1/2055 (l)
  
28,060,000
27,030,768
Uniform Mortgage Backed Securities 4.5% 4/1/2055 (l)
  
28,060,000
26,992,404
Uniform Mortgage Backed Securities 5% 4/1/2055 (l)
  
49,820,000
49,010,425
Uniform Mortgage Backed Securities 5% 4/1/2055 (l)
  
24,910,000
24,493,535
Uniform Mortgage Backed Securities 5.5% 3/1/2055 (l)
  
30,000
30,037
Uniform Mortgage Backed Securities 6% 3/1/2055 (l)
  
23,700,000
24,083,274
Uniform Mortgage Backed Securities 6% 4/1/2055 (l)
  
68,220,000
69,251,302
Uniform Mortgage Backed Securities 6.5% 3/1/2055 (l)
  
150,390,000
154,913,445
Uniform Mortgage Backed Securities 6.5% 4/1/2055 (l)
  
79,940,000
82,260,131
 
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES
 (Cost $572,450,989)
  
  
578,264,656
 
  
  
  
Commercial Paper - 0.1%
 
  
Yield (%) (o)
Principal
Amount (a)
 
Value ($)
 
AutoNation Inc 0% 3/4/2025
 
4.73
4,960,000
4,957,268
Broadcom Inc 0% 3/27/2025
 
4.57
310,000
308,895
Broadcom Inc 0% 4/3/2025
 
4.58
4,630,000
4,609,229
Canadian Natural Resources Ltd yankee 0% 3/25/2025
 
4.75
1,830,000
1,823,979
Canadian Natural Resources Ltd yankee 0% 3/26/2025
 
4.82
3,100,000
3,089,392
CBRE Services Inc 0% 3/20/2025
 
4.68
700,000
698,165
CBRE Services Inc 0% 3/6/2025 (d)
  
4.64
4,360,000
4,356,586
Conagra Brands Inc 0% 3/7/2025
 
4.73
5,000,000
4,995,470
Constellation Brands Inc 0% 3/17/2025
 
4.72
5,050,000
5,038,655
Enbridge US Inc 0% 3/25/2025
 
4.58
5,060,000
5,044,092
Eversource Energy 0% 3/6/2025
 
3.53
2,300,000
2,300,000
Eversource Energy 0% 3/6/2025
 
4.67
2,690,000
2,688,015
Fiserv Inc 0% 3/18/2025
 
4.56
830,000
828,122
Harley-Davidson Financial Services Inc 0% 4/22/2025
 
4.98
1,200,000
1,191,652
Volkswagen Financial Services 0% 4/2/2025
 
4.60
4,920,000
4,899,516
 
TOTAL COMMERCIAL PAPER
 (Cost $46,833,977)
  
  
  
46,829,036
 
  
  
  
  
U.S. Treasury Obligations - 0.1%
 
  
Yield (%) (o)
Principal
Amount (a)
 
Value ($)
 
Brazilian Federative Republic Treasury Bills 0% 10/1/2025 (p)
BRL
12.80
117,300,000
18,400,091
United Mexican States Inflation-Indexed 4% 8/24/2034
MXN
4.51 to 4.57
174,149,757
7,759,128
US Treasury Bills 0% 3/13/2025 (q)
  
4.69
3,500,000
3,495,862
US Treasury Bills 0% 3/18/2025
 
4.25
400,000
399,288
US Treasury Bills 0% 3/20/2025 (m)(q)(w)
  
4.21 to 4.28
22,033,000
21,988,990
US Treasury Bills 0% 4/17/2025 (q)
  
4.25
20,000
19,894
US Treasury Bills 0% 4/3/2025 (q)
  
4.26
420,000
418,468
US Treasury Bills 0% 5/22/2025 (m)(q)
  
4.22 to 4.26
7,944,000
7,869,900
US Treasury Bills 0% 5/29/2025 (m)(q)
  
4.24 to 4.25
11,144,000
11,030,821
US Treasury Bonds 4.625% 11/15/2044
 
4.78
7,980,000
8,067,281
US Treasury Bonds Inflation-Indexed 1% 2/15/2046 (q)(w)
  
1.91 to 2.32
9,084,104
7,324,639
US Treasury Notes Inflation-Indexed 1.375% 7/15/2033 (q)(w)
  
1.49 to 2.03
18,029,600
17,547,897
US Treasury Notes Inflation-Indexed 1.875% 7/15/2034
 
1.73 to 1.78
9,856,938
9,949,090
 
TOTAL U.S. TREASURY OBLIGATIONS
 (Cost $113,966,837)
  
  
  
114,271,349
 
  
  
  
  
Money Market Funds - 2.1%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (r)
  
4.35
42,537,708
42,546,215
Fidelity Securities Lending Cash Central Fund (r)(s)
  
4.35
858,983,955
859,069,853
Invesco Government & Agency Portfolio Institutional Class (t)
  
4.29
684,110,364
684,110,364
 
TOTAL MONEY MARKET FUNDS
 (Cost $1,585,726,432)
  
  
  
1,585,726,432
 
  
  
  
  
Purchased Swaptions - 0.0%
 
Expiration
Date
Notional
Amount
Value ($)
Put Swaptions - 0.0%
  
  
  
  
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 3.75% and pay annually a floating rate based on US SOFR Index, expiring November 2026
10/30/25
  
64,400,000
231,087
 
  
  
  
  
Call Swaptions - 0.0%
  
  
  
  
Option on an interest rate swap with Citibank NA to receive at maturity a fixed rate of 5.85% and pay at maturity a floating rate based on US SOFR Index, expiring November 2026
11/25/26
  
20,900,000
1,165
Option on an interest rate swap with Citibank NA to receive at maturity a fixed rate of 5.85% and pay at maturity a floating rate based on US SOFR Index, expiring November 2026
11/24/25
  
8,000,000
467
 
  
  
  
  
 TOTAL CALL SWAPTIONS
  
  
  
1,632
TOTAL PURCHASED SWAPTIONS
 (Cost $320,820)
  
  
  
  
232,719
 
 Purchased Options - 0.0%
 
Counterparty
Number
of Contracts
Notional Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Put Options
  
  
  
  
  
  
S&P 500 Index
Chicago Board Options Exchange
55
30,865,175
5,450
03/05/25
2,475
S&P 500 Index
Chicago Board Options Exchange
119
66,781,015
5,500
03/05/25
6,248
S&P 500 Index
Chicago Board Options Exchange
59
33,109,915
5,500
03/12/25
26,255
S&P 500 Index
Chicago Board Options Exchange
54
30,303,990
5,400
03/12/25
16,605
S&P 500 Index
Chicago Board Options Exchange
57
31,987,545
5,450
03/12/25
20,520
S&P 500 Index
Chicago Board Options Exchange
60
33,671,100
5,500
03/19/25
66,600
S&P 500 Index
Chicago Board Options Exchange
56
31,426,360
5,400
03/19/25
43,680
S&P 500 Index
Chicago Board Options Exchange
55
30,865,175
5,400
03/26/25
66,550
 
  
  
  
  
  
  
 
  
  
  
  
  
248,933
TOTAL PURCHASED OPTIONS
(Cost $292,005)
  
  
  
  
  
248,933
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.9%
 (Cost $42,467,255,590)
 
  
 
78,818,176,458
NET OTHER ASSETS (LIABILITIES) - (1.9)% (n)(u)
(1,314,892,412)
NET ASSETS - 100.0%
77,342,148,054
 
  
 TBA Sale Commitments
 
Principal
Amount (a)
Value ($)
U.S. Government Agency - Mortgage Securities
  
  
Uniform Mortgage Backed Securities 4.5% 4/1/2055
(28,060,000)
(27,030,768)
Uniform Mortgage Backed Securities 5.0% 3/1/2055
(49,820,000)
(49,010,425)
Uniform Mortgage Backed Securities 5.5% 3/1/2055
(30,000)
(30,038)
Uniform Mortgage Backed Securities 5.5% 4/1/2055
(30,000)
(30,014)
Uniform Mortgage Backed Securities 6.0% 3/1/2055
(23,700,000)
(24,083,274)
Uniform Mortgage Backed Securities 6.5% 3/1/2055
(59,230,000)
(61,011,526)
 
  
  
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES
 
(161,196,045)
 
  
  
TOTAL TBA SALE COMMITMENTS
 (Proceeds $159,780,941)
  
  
(161,196,045)
 
 
Written Swaptions
 
Expiration
Date
Notional
Amount
Value ($)
Put Swaptions
  
  
  
  
Option on an interest rate swap with BNP Paribas SA to receive a fixed rate of 3.87% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring March 2025
3/03/25
  
800,000
(6,575)
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 2.83% and pay annually a floating rate based on US SOFR Index, expiring November 2026
10/30/25
  
64,400,000
(67,563)
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 3.29% and pay annually a floating rate based on US SOFR Index, expiring November 2026
10/30/25
  
64,400,000
(124,810)
Option on an interest rate swap with Barclays Bank PLC to receive a fixed rate of 2.17% and pay Semi-annually a floating rate based on Euribor (6 Mo) Rate, expiring March 2025
3/05/25
EUR
500,000
(34)
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 2.35% and pay semi-annually a floating rate based on Euribor (6 Mo) Rate, expiring March 2035
3/20/25
EUR
400,000
(2,742)
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 2.26% and pay Semi-annually a floating rate based on Euribor (6 Mo) Rate, expiring March 2035
3/25/25
EUR
400,000
(1,564)
Option on an interest rate swap with Citibank NA to receive a fixed rate of 3.774% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring March 2025
3/05/25
  
600,000
(2,316)
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 3.93% and pay annually a floating rate based on US SOFR Index, expiring March 2035
3/20/25
  
2,200,000
(35,381)
Option on an interest rate swap with Goldman Sachs Bank USA to receive a fixed rate of 3.9075% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring February 2025
2/28/25
  
800,000
(8,647)
Option on an interest rate swap with Goldman Sachs Bank USA to receive a fixed rate of 3.905% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring March 2025
3/10/25
  
700,000
(8,732)
Option on an interest rate swap with UBS AG/London to receive a fixed rate of 2.21% and pay Semi-annually a floating rate based on Euribor (6 Mo) Rate, expiring March 2025
3/11/25
EUR
500,000
(459)
Option on an interest rate swap with UBS AG/London to receive annually a fixed rate of 3.884% and pay annually a floating rate based on US SOFR Index, expiring March 2035
3/21/25
  
700,000
(9,518)
 
  
  
  
  
TOTAL PUT SWAPTIONS
  
  
  
(268,341)
Call Swaptions
  
  
  
  
Option on an interest rate swap with BNP Paribas SA to receive a fixed rate of 4.22% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring March 2025
3/03/25
  
800,000
0
Option on an interest rate swap with Barclays Bank PLC to receive a fixed rate of 2.42% and pay a floating rate based on Euribor (6 Mo) Rate, expiring March 2025
3/05/25
EUR
500,000
(241)
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 2.61% and pay semi-annually a floating rate based on Euribor (6 Mo) Rate, expiring March 2035
3/20/25
EUR
400,000
(122)
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 2.52% and pay Semi-annually a floating rate based on Euribor (6 Mo) Rate, expiring March 2035
3/25/25
EUR
400,000
(522)
Option on an interest rate swap with Citibank NA to receive a fixed rate of 4.124% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring March 2025
3/05/25
  
600,000
(6)
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 4.28% and pay annually a floating rate based on US SOFR Index, expiring March 2035
3/20/25
  
2,200,000
(487)
Option on an interest rate swap with Goldman Sachs Bank USA to receive a fixed rate of 4.2575% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring February 2025
2/28/25
  
800,000
0
Option on an interest rate swap with Goldman Sachs Bank USA to receive a fixed rate of 4.255% and pay a floating rate based on United States Sofr Secured Overnight Finl Rate Indx, expiring March 2025
3/10/25
  
700,000
(15)
Option on an interest rate swap with UBS AG/London to receive a fixed rate of 2.46% and pay Semi-annually a floating rate based on Euribor (6 Mo) Rate, expiring March 2025
3/11/25
EUR
500,000
(384)
Option on an interest rate swap with UBS AG/London to receive annually a fixed rate of 4.234% and pay annually a floating rate based on US SOFR Index, expiring March 2035
3/31/25
  
700,000
(263)
 
  
  
  
  
TOTAL CALL SWAPTIONS
  
  
  
(2,040)
TOTAL WRITTEN SWAPTIONS
  
  
  
(270,381)
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
  
  
  
  
  
 
  
  
  
  
  
Equity Contracts
  
  
  
  
  
CME E-mini Russell 2000 Index Contracts (United States)
55
Mar 2025
5,954,575
(163,341)
(163,341)
CME E-mini S&P 500 Index Contracts (United States)
1,267
Mar 2025
377,771,888
(840,147)
(840,147)
CME E-mini S&P MidCap 400 Index Contracts (United States)
9
Mar 2025
2,789,730
(76,392)
(76,392)
 
  
  
  
  
  
TOTAL EQUITY CONTRACTS
  
  
  
  
(1,079,880)
 
  
  
  
  
  
Interest Rate Contracts
  
  
  
  
  
CBOT 10 Year US Treasury Notes Contracts (United States)
69
Jun 2025
7,665,469
148,146
148,146
CBOT 2 Year US Treasury Notes Contracts (United States)
667
Jun 2025
138,048,156
450,719
450,719
CBOT US Treasury Long Term Bond Contracts (United States)
122
Jun 2025
15,143,250
361,045
361,045
CBOT Ultra 10 Year US Treasury Note Contracts (United States)
247
Jun 2025
28,219,750
362,470
362,470
 
  
  
  
  
  
TOTAL INTEREST RATE CONTRACTS
  
  
  
  
1,322,380
 
  
  
  
  
  
TOTAL PURCHASED
  
  
  
  
242,500
 
  
  
  
  
  
Sold
  
  
  
  
  
 
  
  
  
  
  
Interest Rate Contracts
  
  
  
  
  
CBOT 5 Year US Treasury Notes Contracts (United States)
270
Jun 2025
29,143,125
(84,908)
(84,908)
 
  
  
  
  
  
TOTAL FUTURES CONTRACTS
  
  
  
  
157,592
The notional amount of futures purchased as a percentage of Net Assets is 0.7%
The notional amount of futures sold as a percentage of Net Assets is 0.0%

 Written Options
 
Counterparty
Number
of Contracts
Notional
Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Call Options
  
  
  
  
  
  
10 Year US Treasury Note Contracts
Chicago Board of Trade
55
611,703,125
111.00
03/21/25
(42,969)
10 Year US Treasury Note Contracts
Chicago Board of Trade
5
55,609,375
110.00
03/21/25
(6,953)
10 Year US Treasury Note Contracts
Chicago Board of Trade
9
100,096,875
110.00
03/21/25
(9,563)
10 Year US Treasury Note Contracts
Chicago Board of Trade
2
22,243,750
112.00
03/21/25
(629)
10 Year US Treasury Note Contracts
Chicago Board of Trade
11
122,340,625
111.00
03/21/25
(5,156)
 
  
  
  
  
  
  
 
  
  
  
  
  
(65,270)
Put Options
  
  
  
  
  
  
10 Year US Treasury Note Contracts
Chicago Board of Trade
38
422,631,250
108.00
03/21/25
(1,188)
10 Year US Treasury Note Contracts
Chicago Board of Trade
31
344,778,125
107.00
03/21/25
(969)
10 Year US Treasury Note Contracts
Chicago Board of Trade
2
22,243,750
110.00
03/21/25
(630)
10 Year US Treasury Note Contracts
Chicago Board of Trade
11
122,340,625
109.00
03/21/25
(1,547)
S&P 500 Index
Chicago Board Options Exchange
117
65,658,645
5,950.00
03/05/25
(532,935)
S&P 500 Index
Chicago Board Options Exchange
57
31,987,545
6,000.00
03/05/25
(411,255)
S&P 500 Index
Chicago Board Options Exchange
57
31,987,545
5,930.00
03/12/25
(367,080)
S&P 500 Index
Chicago Board Options Exchange
54
30,303,990
5,890.00
03/12/25
(272,970)
S&P 500 Index
Chicago Board Options Exchange
59
33,109,915
5,985.00
03/12/25
(521,265)
S&P 500 Index
Chicago Board Options Exchange
60
33,671,100
5,970.00
03/19/25
(573,300)
S&P 500 Index
Chicago Board Options Exchange
56
31,426,360
5,875.00
03/19/25
(346,920)
S&P 500 Index
Chicago Board Options Exchange
55
30,865,175
5,860.00
03/26/25
(373,175)
 
  
  
  
  
  
  
 
  
  
  
  
  
(3,403,234)
TOTAL WRITTEN OPTIONS
  
  
  
  
  
(3,468,504)
 
 
 Forward Foreign Currency Contracts
Currency
Purchased
 
Currency
Sold
 
Counterparty
Settlement
Date
Unrealized  
Appreciation/
(Depreciation) ($)
 
  
  
  
  
  
  
AUD
20,656,000
USD
12,844,314
Barclays Bank PLC
3/04/25
(27,266)
BRL
15,572,811
USD
2,687,284
BNP Paribas SA
3/06/25
(43,569)
BRL
7,579,367
USD
1,309,000
BNP Paribas SA
3/06/25
(22,291)
BRL
8,120,951
USD
1,418,000
BNP Paribas SA
3/06/25
(39,349)
BRL
19,520,663
USD
3,326,573
BNP Paribas SA
3/06/25
(12,652)
BRL
15,341,836
USD
2,651,341
BNP Paribas SA
3/06/25
(46,838)
BRL
21,103,290
USD
3,661,375
BNP Paribas SA
3/06/25
(78,780)
BRL
6,490,853
USD
1,109,775
Bank of America NA
3/06/25
(7,857)
BRL
10,795,816
USD
1,858,000
Barclays Bank PLC
3/06/25
(25,251)
BRL
98,700,665
USD
16,875,370
Citibank NA
3/06/25
(119,475)
BRL
11,574,920
USD
2,000,000
Goldman Sachs Bank USA
3/06/25
(34,986)
BRL
10,498,434
USD
1,762,902
Goldman Sachs Bank USA
3/06/25
19,362
BRL
5,768,730
USD
1,000,000
Goldman Sachs Bank USA
3/06/25
(20,673)
BRL
1,139,122
USD
200,000
Goldman Sachs Bank USA
3/06/25
(6,617)
BRL
89,975,078
USD
15,683,571
Citibank NA
4/02/25
(508,925)
BRL
26,540,679
USD
4,481,179
Goldman Sachs Bank USA
4/02/25
(4,990)
BRL
5,756,114
USD
994,448
Goldman Sachs Bank USA
4/02/25
(23,657)
CAD
39,444
USD
27,273
BNP Paribas S.A.
3/03/25
(9)
CAD
35,044,338
USD
24,331,604
Deutsche Bank AG
3/04/25
(108,803)
CAD
176,817
USD
122,739
JPMorgan Chase Bank NA
4/02/25
(361)
CHF
913,000
USD
1,004,376
Bank of America NA
3/04/25
6,754
CHF
11,588
USD
12,817
Bank of America NA
3/04/25
16
CHF
569,000
USD
631,535
Bank of America NA
3/04/25
(1,378)
CHF
11,857,873
USD
13,186,266
Deutsche Bank AG
3/04/25
(53,897)
CHF
28,392
USD
31,591
JPMorgan Chase Bank NA
4/02/25
(39)
CNY
5,985,107
USD
824,963
JPMorgan Chase Bank NA
5/12/25
750
CNY
6,038,749
USD
835,004
JPMorgan Chase Bank NA
5/12/25
(1,891)
CNY
16,013,000
USD
2,218,528
BNP Paribas SA
6/18/25
(3,469)
CNY
4,638,000
USD
642,504
BNP Paribas SA
6/18/25
(935)
CNY
3,666,000
USD
507,164
BNP Paribas SA
6/18/25
(51)
CNY
4,661,000
USD
648,363
BNP Paribas SA
6/18/25
(3,613)
CNY
2,945,000
USD
403,512
Barclays Bank PLC
6/18/25
3,866
CNY
1,407,000
USD
194,447
Goldman Sachs Bank USA
6/18/25
182
EUR
40,468,000
USD
42,371,696
BNP Paribas SA
3/04/25
(392,216)
GBP
806,000
USD
1,019,367
Bank of America NA
3/04/25
(5,499)
GBP
4,930,000
USD
6,130,854
Citibank NA
3/04/25
70,593
GBP
1,708,000
USD
2,159,103
BNP Paribas SA
4/02/25
(10,749)
IDR
4,192,045,310
USD
255,959
BNP Paribas SA
3/05/25
(3,128)
IDR
352,195,574
USD
21,502
Citibank NA
3/05/25
(260)
IDR
5,105,111,853
USD
315,179
Citibank NA
3/05/25
(7,279)
IDR
8,644,391,873
USD
528,984
Goldman Sachs Bank USA
3/05/25
(7,623)
IDR
23,746,941,247
USD
1,460,218
BNP Paribas SA
3/12/25
(28,372)
IDR
23,732,503,176
USD
1,460,646
BNP Paribas SA
3/12/25
(29,671)
IDR
46,070,904,019
USD
2,817,172
Citibank NA
3/12/25
(39,281)
IDR
25,917,790,005
USD
1,594,990
Barclays Bank PLC
3/19/25
(32,640)
IDR
59,572,840,160
USD
3,671,104
Citibank NA
3/19/25
(79,994)
IDR
19,128,659,711
USD
1,177,199
Goldman Sachs Bank USA
3/19/25
(24,104)
IDR
12,176,841,600
USD
748,000
Royal Bank of Canada
3/19/25
(13,968)
IDR
7,626,098,176
USD
467,744
BNP Paribas SA
4/09/25
(8,363)
IDR
10,101,789,049
USD
615,428
Citibank NA
4/09/25
(6,916)
IDR
621,211,416
USD
37,828
JPMorgan Chase Bank NA
4/09/25
(407)
IDR
42,348,496,718
USD
2,574,408
BNP Paribas SA
4/16/25
(23,970)
IDR
30,228,914,479
USD
1,820,471
Deutsche Bank AG
4/16/25
66
IDR
21,336,296,014
USD
1,291,387
Goldman Sachs Bank USA
4/16/25
(6,409)
INR
222,135,500
USD
2,543,007
Barclays Bank PLC
3/06/25
(2,370)
INR
146,755,237
USD
1,684,325
JPMorgan Chase Bank NA
3/06/25
(5,836)
INR
95,613,494
USD
1,109,370
BNP Paribas SA
3/21/25
(17,024)
INR
56,759,941
USD
654,000
Bank of America NA
3/21/25
(5,540)
INR
112,268,190
USD
1,279,000
Barclays Bank PLC
3/21/25
3,620
INR
78,811,624
USD
904,000
Barclays Bank PLC
3/21/25
(3,608)
INR
138,594,479
USD
1,620,249
Citibank NA
3/21/25
(36,862)
INR
327,798,792
USD
3,791,111
Citibank NA
3/21/25
(46,140)
INR
59,969,073
USD
701,036
Citibank NA
3/21/25
(15,913)
INR
59,983,094
USD
701,036
Citibank NA
3/21/25
(15,753)
INR
60,141,028
USD
702,049
Citibank NA
3/21/25
(14,962)
INR
58,948,521
USD
688,474
Citibank NA
3/21/25
(15,011)
INR
121,280,739
USD
1,396,000
Citibank NA
3/21/25
(10,416)
INR
139,927,951
USD
1,635,752
Citibank NA
3/21/25
(37,131)
INR
394,971,138
USD
4,564,979
Citibank NA
3/21/25
(52,591)
INR
180,310,809
USD
2,056,000
Citibank NA
3/21/25
3,979
INR
70,897,543
USD
829,148
Citibank NA
3/21/25
(19,172)
INR
140,297,997
USD
1,638,115
Citibank NA
3/21/25
(35,266)
INR
108,096,958
USD
1,262,203
Citibank NA
3/21/25
(27,238)
INR
99,828,003
USD
1,157,708
Citibank NA
3/21/25
(17,213)
JPY
182,008,001
USD
1,175,956
BNP Paribas SA
3/04/25
33,118
JPY
185,500,000
USD
1,221,968
BNP Paribas SA
3/04/25
10,304
JPY
59,482,005
USD
384,510
Bank of America NA
3/04/25
10,627
JPY
66,655,223
USD
430,213
Bank of America NA
3/04/25
12,576
JPY
29,023,060
USD
188,860
Barclays Bank PLC
3/04/25
3,939
JPY
209,788,456
USD
1,365,572
Deutsche Bank AG
3/04/25
28,047
JPY
185,700,000
USD
1,199,784
JPMorgan Chase Bank NA
3/04/25
33,816
JPY
181,900,000
USD
1,194,278
JPMorgan Chase Bank NA
3/04/25
14,079
JPY
6,451,810
USD
41,799
Royal Bank of Canada
3/04/25
1,060
JPY
317,338,303
USD
2,128,543
BNP Paribas SA
4/02/25
(13,245)
JPY
264,174,975
USD
1,772,224
JPMorgan Chase Bank NA
4/02/25
(11,299)
JPY
202,041,506
USD
1,345,183
Royal Bank of Canada
4/02/25
1,575
JPY
242,033,479
USD
1,626,744
UBS AG
4/02/25
(13,409)
KRW
1,500,239,296
USD
1,042,122
BNP Paribas SA
3/04/25
(15,640)
KRW
1,498,007,347
USD
1,038,336
Deutsche Bank AG
3/04/25
(13,381)
KRW
580,561,044
USD
400,000
BNP Paribas SA
3/06/25
(2,728)
KRW
4,703,807,144
USD
3,286,388
BNP Paribas SA
3/12/25
(66,514)
KRW
5,486,856,916
USD
3,820,931
Citibank NA
3/12/25
(65,040)
KRW
3,826,112,403
USD
2,662,199
Deutsche Bank AG
3/12/25
(43,129)
KRW
1,162,224,000
USD
800,000
Bank of America NA
3/13/25
(4,383)
KRW
735,809,340
USD
511,000
Barclays Bank PLC
3/19/25
(7,119)
KRW
834,444,052
USD
583,000
Citibank NA
3/19/25
(11,574)
KRW
1,500,069,073
USD
1,048,926
Deutsche Bank AG
3/19/25
(21,680)
KRW
774,644,863
USD
534,000
Goldman Sachs Bank USA
3/19/25
(3,524)
KRW
582,551,451
USD
404,544
JPMorgan Chase Bank NA
3/19/25
(5,613)
MXN
16,280,000
USD
800,691
JPMorgan Chase Bank NA
3/07/25
(8,988)
MXN
8,919,862
USD
436,745
Goldman Sachs Bank USA
3/18/25
(3,686)
MXN
36,994,000
USD
1,781,241
Goldman Sachs Bank USA
3/19/25
14,546
MXN
18,064,000
USD
876,683
Goldman Sachs Bank USA
3/19/25
191
MXN
8,982,000
USD
440,503
JPMorgan Chase Bank NA
3/19/25
(4,493)
NZD
817,855
USD
466,913
Deutsche Bank AG
3/04/25
(9,201)
PEN
1,859,482
USD
506,395
Citibank NA
3/19/25
(1,855)
PLN
1,431,305
USD
345,429
BNP Paribas SA
3/10/25
8,322
PLN
2,729,594
USD
650,232
Goldman Sachs Bank USA
3/10/25
24,395
PLN
1,501,430
USD
360,808
UBS AG
3/10/25
10,275
PLN
17,801,296
USD
4,324,219
BNP Paribas SA
3/17/25
74,248
PLN
1,386,000
USD
338,417
Barclays Bank PLC
3/17/25
4,045
PLN
5,435,227
USD
1,338,411
Deutsche Bank AG
3/17/25
4,562
PLN
19,327,372
USD
4,732,102
JPMorgan Chase Bank NA
3/17/25
43,438
SGD
53,328
USD
39,613
Bank of America NA
3/04/25
(153)
SGD
152,086
USD
112,263
JPMorgan Chase Bank NA
3/04/25
272
TRY
18,293,362
USD
480,456
Barclays Bank PLC
3/05/25
20,485
TRY
31,598,939
USD
810,843
Barclays Bank PLC
5/12/25
1,777
TRY
17,986,072
USD
461,087
Barclays Bank PLC
5/13/25
1,038
TRY
99,494,681
USD
2,546,790
Barclays Bank PLC
5/13/25
9,574
TRY
19,805,545
USD
502,889
Barclays Bank PLC
5/22/25
1,852
TWD
16,959,830
USD
517,163
Barclays Bank PLC
3/03/25
(2,042)
TWD
16,965,520
USD
520,000
Goldman Sachs Bank USA
3/03/25
(4,707)
TWD
39,369,600
USD
1,200,000
BNP Paribas SA
3/04/25
(4,228)
TWD
16,950,960
USD
520,000
BNP Paribas SA
3/04/25
(5,149)
TWD
43,160,115
USD
1,315,857
Citibank NA
3/04/25
(4,956)
TWD
39,391,979
USD
1,200,000
Citibank NA
3/04/25
(3,548)
TWD
13,142,800
USD
400,695
Goldman Sachs Bank USA
3/04/25
(1,509)
TWD
16,942,760
USD
517,273
Barclays Bank PLC
3/05/25
(2,624)
TWD
19,587,892
USD
598,195
Goldman Sachs Bank USA
3/05/25
(3,198)
TWD
28,546,659
USD
870,909
Goldman Sachs Bank USA
3/06/25
(3,704)
TWD
702,793
USD
21,385
Bank of America NA
3/10/25
(27)
TWD
29,859,251
USD
907,990
JPMorgan Chase Bank NA
3/10/25
(578)
TWD
26,165,600
USD
800,000
JPMorgan Chase Bank NA
3/26/25
(3,675)
TWD
37,980,660
USD
1,161,346
BNP Paribas SA
4/25/25
(2,656)
TWD
40,428,249
USD
1,239,332
BNP Paribas SA
4/25/25
(5,973)
TWD
32,642,960
USD
994,000
Barclays Bank PLC
4/25/25
1,851
TWD
14,630,075
USD
443,000
Barclays Bank PLC
4/25/25
3,325
TWD
13,173,591
USD
401,461
Citibank NA
4/25/25
430
TWD
38,829,386
USD
1,187,443
Citibank NA
4/25/25
(2,861)
TWD
82,375,647
USD
2,520,675
Citibank NA
4/25/25
(7,610)
TWD
41,339,912
USD
1,263,831
Citibank NA
4/25/25
(2,659)
TWD
41,290,156
USD
1,263,662
Citibank NA
4/25/25
(4,008)
TWD
38,247,848
USD
1,168,944
JPMorgan Chase Bank NA
4/25/25
(2,103)
TWD
41,117,503
USD
1,258,956
JPMorgan Chase Bank NA
4/25/25
(4,569)
TWD
36,222,165
USD
1,113,671
Goldman Sachs Bank USA
7/16/25
(1,374)
USD
191,366
AUD
300,000
BNP Paribas SA
3/04/25
5,216
USD
400,610
AUD
638,000
Bank of America NA
3/04/25
4,731
USD
647,216
AUD
1,042,000
Bank of America NA
3/04/25
655
USD
11,626,762
AUD
18,676,000
Deutsche Bank AG
3/04/25
38,305
USD
12,847,195
AUD
20,656,000
Barclays Bank PLC
4/02/25
27,212
USD
14,170,050
BRL
82,877,791
BNP Paribas SA
3/06/25
100,322
USD
736,000
BRL
4,361,127
BNP Paribas SA
3/06/25
(4,366)
USD
1,100,000
BRL
6,490,853
Bank of America NA
3/06/25
(1,918)
USD
1,845,817
BRL
10,795,816
Barclays Bank PLC
3/06/25
13,068
USD
1,589,000
BRL
9,225,893
Citibank NA
3/06/25
22,768
USD
15,683,571
BRL
89,474,773
Citibank NA
3/06/25
493,907
USD
1,972,712
BRL
11,538,000
Goldman Sachs Bank USA
3/06/25
13,966
USD
994,448
BRL
5,723,545
Goldman Sachs Bank USA
3/06/25
22,792
USD
1,132,000
BRL
6,538,455
Goldman Sachs Bank USA
3/06/25
22,001
USD
890,000
BRL
5,181,206
Goldman Sachs Bank USA
3/06/25
10,414
USD
601,000
BRL
3,490,492
Citibank NA
4/02/25
12,315
USD
19,067,187
BRL
117,300,000
Goldman Sachs Bank USA
10/02/25
(47,632)
USD
5,612,983
CAD
8,075,678
Citibank NA
3/04/25
31,039
USD
18,657,419
CAD
26,791,511
JPMorgan Chase Bank NA
3/04/25
139,008
USD
122,739
CAD
177,043
JPMorgan Chase Bank NA
3/04/25
366
USD
24,331,604
CAD
34,999,935
Deutsche Bank AG
4/02/25
107,672
USD
31,591
CHF
28,487
JPMorgan Chase Bank, N.A.
3/04/25
43
USD
13,486,123
CHF
12,180,987
Bank of America NA
3/04/25
(4,089)
USD
396,127
CHF
359,000
Bank of America NA
3/04/25
(1,458)
USD
864,869
CHF
783,000
Barclays Bank PLC
3/04/25
(2,288)
USD
13,186,266
CHF
11,818,410
Deutsche Bank AG
4/02/25
52,193
USD
1,403,930
CNY
10,184,249
BNP Paribas SA
5/12/25
(1,101)
USD
1,406,948
CNY
10,237,516
BNP Paribas SA
5/12/25
(5,432)
USD
1,212,655
CNY
8,775,924
BNP Paribas SA
5/12/25
1,918
USD
1,579,401
CNY
11,515,215
BNP Paribas SA
5/12/25
(9,252)
USD
1,611,823
CNY
11,798,222
Bank of America NA
5/12/25
(15,874)
USD
1,566,349
CNY
11,471,940
Goldman Sachs Bank USA
5/12/25
(16,334)
USD
694,879
CNY
5,053,765
BNP Paribas SA
6/18/25
(4,202)
USD
2,313,432
CNY
16,878,453
BNP Paribas SA
6/18/25
(21,344)
USD
1,949,963
CNY
14,261,444
BNP Paribas SA
6/18/25
(22,806)
USD
359,463
CNY
2,598,900
BNP Paribas SA
6/18/25
(40)
USD
201,195
CNY
1,462,000
BNP Paribas SA
6/18/25
(1,042)
USD
1,097,327
CNY
7,935,000
Bank of America NA
6/18/25
(312)
USD
201,883
CNY
1,455,000
Bank of America NA
6/18/25
614
USD
368,383
CNY
2,671,000
Bank of America NA
6/18/25
(1,093)
USD
904,193
CNY
6,602,000
Bank of America NA
6/18/25
(9,054)
USD
5,054,958
CNY
36,938,244
Bank of America NA
6/18/25
(54,665)
USD
1,117,638
CNY
8,099,000
Citibank NA
6/18/25
(2,687)
USD
568,087
CNY
4,146,297
JPMorgan Chase Bank NA
6/18/25
(5,465)
USD
824,963
CNY
5,963,410
JPMorgan Chase Bank NA
7/16/25
(1,753)
USD
835,004
CNY
6,016,872
JPMorgan Chase Bank NA
7/16/25
877
USD
2,463,961
EUR
2,365,782
Bank of America, N.A.
3/03/25
9,818
USD
41,197,956
EUR
39,549,000
BNP Paribas SA
3/04/25
171,801
USD
958,088
EUR
919,000
JPMorgan Chase Bank NA
3/04/25
4,763
USD
42,433,855
EUR
40,468,000
BNP Paribas SA
4/02/25
390,552
USD
2,159,254
GBP
1,708,000
BNP Paribas SA
3/04/25
10,760
USD
1,224,662
GBP
988,000
BNP Paribas SA
3/04/25
(18,144)
USD
1,363,469
GBP
1,095,000
Bank of America NA
3/04/25
(13,932)
USD
470,518
GBP
379,000
Bank of America NA
3/04/25
(6,227)
USD
1,271,162
GBP
1,014,000
Citibank NA
3/04/25
(4,349)
USD
679,082
GBP
552,000
Citibank NA
3/04/25
(15,279)
USD
467,744
IDR
7,616,275,552
BNP Paribas SA
3/05/25
8,391
USD
615,428
IDR
10,087,480,348
Citibank NA
3/05/25
7,032
USD
37,828
IDR
620,341,372
JPMorgan Chase Bank NA
3/05/25
414
USD
2,574,408
IDR
42,295,721,354
BNP Paribas SA
3/12/25
24,145
USD
1,820,471
IDR
30,186,133,420
Deutsche Bank AG
3/12/25
368
USD
1,291,387
IDR
21,307,885,500
Goldman Sachs Bank USA
3/12/25
6,607
USD
200,000
IDR
3,267,400,000
Goldman Sachs Bank USA
3/20/25
3,044
USD
283,938
ILS
1,016,000
BNP Paribas SA
3/17/25
2,309
USD
2,817,464
ILS
10,132,132
BNP Paribas SA
3/17/25
8,892
USD
398,515
ILS
1,454,000
Bank of America NA
3/17/25
(4,526)
USD
670,100
ILS
2,382,000
Bank of America NA
3/17/25
9,822
USD
328,011
ILS
1,168,014
Barclays Bank PLC
3/17/25
4,244
USD
546,684
ILS
1,946,960
Barclays Bank PLC
3/17/25
6,997
USD
223,330
ILS
803,000
Barclays Bank PLC
3/17/25
742
USD
310,364
ILS
1,111,000
Barclays Bank PLC
3/17/25
2,401
USD
400,089
ILS
1,454,000
Citibank NA
3/17/25
(2,952)
USD
4,040
ILS
14,548
Deutsche Bank AG
3/17/25
8
USD
477,900
ILS
1,726,000
JPMorgan Chase Bank NA
3/17/25
(538)
USD
479,728
ILS
1,719,000
JPMorgan Chase Bank NA
3/17/25
3,230
USD
4,221,687
INR
368,616,600
BNP Paribas SA
3/06/25
5,696
USD
2,806,458
INR
246,484,179
BNP Paribas SA
3/10/25
(11,827)
USD
3,571,855
INR
313,489,762
BNP Paribas SA
3/11/25
(12,302)
USD
1,600,000
INR
139,144,080
Citibank NA
3/13/25
9,389
USD
1,902,067
INR
165,285,402
BNP Paribas SA
3/21/25
13,747
USD
689,500
INR
59,915,344
BNP Paribas SA
3/21/25
4,991
USD
689,500
INR
59,914,378
Bank of America NA
3/21/25
5,002
USD
974,000
INR
84,864,133
Barclays Bank PLC
3/21/25
4,461
USD
846,381
INR
73,768,411
Citibank NA
3/21/25
3,606
USD
1,044,000
INR
91,230,817
Citibank NA
3/21/25
1,724
USD
758,878
INR
66,078,157
Citibank NA
3/21/25
3,961
USD
2,176,328
INR
188,709,401
Citibank NA
3/21/25
20,398
USD
486,500
INR
42,541,662
Citibank NA
3/21/25
478
USD
1,317,000
INR
116,031,651
Citibank NA
3/21/25
(8,616)
USD
486,500
INR
42,538,276
Citibank NA
3/21/25
517
USD
595,808
INR
51,785,829
JPMorgan Chase Bank NA
3/21/25
4,175
USD
2,187,181
INR
189,829,806
JPMorgan Chase Bank NA
3/21/25
18,451
USD
1,684,325
INR
146,910,195
JPMorgan Chase Bank NA
3/21/25
5,934
USD
2,543,007
INR
222,708,948
Barclays Bank PLC
4/04/25
1,303
USD
1,345,186
JPY
202,712,385
Royal Bank of Canada
3/04/25
(1,430)
USD
2,128,543
JPY
318,392,996
BNP Paribas SA
3/04/25
13,467
USD
520,659
JPY
78,000,000
Bank of America NA
3/04/25
2,507
USD
1,772,224
JPY
265,053,821
JPMorgan Chase Bank NA
3/04/25
11,479
USD
1,626,744
JPY
242,840,344
UBS AG
3/04/25
13,562
USD
240,000
KRW
343,617,600
BNP Paribas SA
3/04/25
4,893
USD
800,000
KRW
1,156,621,696
BNP Paribas SA
3/04/25
8,625
USD
1,040,572
KRW
1,498,007,347
Deutsche Bank AG
3/04/25
15,617
USD
404,544
KRW
582,960,040
JPMorgan Chase Bank NA
3/06/25
5,630
USD
115,744
KRW
166,585,099
BNP Paribas SA
3/12/25
1,712
USD
122,942
KRW
177,292,019
BNP Paribas SA
3/12/25
1,581
USD
3,992,588
KRW
5,813,447,683
Bank of America NA
3/12/25
13,138
USD
5,711,016
KRW
8,328,089,082
Citibank NA
3/12/25
10,231
USD
2,047,998
KRW
2,967,776,921
BNP Paribas SA
3/19/25
15,667
USD
820,000
KRW
1,190,282,201
BNP Paribas SA
3/19/25
4,896
USD
125,940
KRW
184,956,047
BNP Paribas SA
3/19/25
(718)
USD
979,787
KRW
1,450,319,909
BNP Paribas SA
3/19/25
(13,391)
USD
103,990
KRW
150,862,453
Barclays Bank PLC
3/19/25
680
USD
2,772,738
KRW
4,063,835,722
Citibank NA
3/19/25
(10,173)
USD
2,619,440
KRW
3,804,474,656
Citibank NA
3/19/25
14,140
USD
775,925
KRW
1,135,709,784
Citibank NA
3/19/25
(1,808)
USD
94,888
KRW
137,504,285
Citibank NA
3/19/25
725
USD
503,000
KRW
719,827,204
JPMorgan Chase Bank NA
3/19/25
10,063
USD
101,532
KRW
147,361,514
JPMorgan Chase Bank NA
3/19/25
619
USD
200,000
KRW
286,236,452
Goldman Sachs Bank USA
3/26/25
3,907
USD
1,038,336
KRW
1,490,932,437
Deutsche Bank AG
6/05/25
13,187
USD
3,286,388
KRW
4,681,624,025
BNP Paribas SA
6/12/25
66,170
USD
3,820,931
KRW
5,461,333,097
Citibank NA
6/12/25
64,397
USD
2,662,199
KRW
3,808,013,975
Deutsche Bank AG
6/12/25
42,887
USD
1,048,926
KRW
1,493,167,140
Deutsche Bank AG
6/18/25
21,539
USD
199,974
MXN
4,115,000
BNP Paribas SA
3/05/25
(200)
USD
2,956,010
MXN
61,331,000
BNP Paribas SA
3/05/25
(27,438)
USD
349
MXN
7,158
Goldman Sachs Bank USA
3/05/25
1
USD
536,616
MXN
11,052,000
Goldman Sachs Bank USA
3/05/25
(1,009)
USD
1,298,148
MXN
26,954,690
UBS AG
3/05/25
(13,063)
USD
1,343,603
MXN
27,772,811
Royal Bank of Canada
3/07/25
(7,000)
USD
2,059,342
MXN
42,164,000
Barclays Bank PLC
3/18/25
12,282
USD
764,971
MXN
15,650,000
Barclays Bank PLC
3/18/25
5,164
USD
509,813
MXN
10,573,000
BNP Paribas SA
3/19/25
(3,428)
USD
2,640,533
MXN
54,151,000
BNP Paribas SA
3/19/25
11,901
USD
1,192,495
MXN
24,651,000
BNP Paribas SA
3/19/25
(4,130)
USD
182,276
MXN
3,726,000
Goldman Sachs Bank USA
3/19/25
1,406
USD
921,534
MXN
18,872,090
Royal Bank of Canada
3/19/25
5,433
USD
63,184
NZD
111,855
Barclays Bank PLC
3/04/25
584
USD
398,933
NZD
706,000
Deutsche Bank AG
3/04/25
3,820
USD
467,150
NZD
817,855
Deutsche Bank AG
4/02/25
9,209
USD
1,171,952
PEN
4,424,003
BNP Paribas SA
3/19/25
(28,429)
USD
330,000
PEN
1,240,701
Bank of America NA
3/19/25
(6,644)
USD
632,645
PEN
2,385,831
Citibank NA
3/19/25
(14,711)
USD
2,633,697
PEN
10,019,110
Deutsche Bank AG
3/19/25
(84,825)
USD
445,643
PEN
1,693,710
Citibank NA
3/24/25
(13,855)
USD
626,558
PEN
2,381,517
Citibank NA
4/21/25
(19,123)
USD
1,245,162
PEN
4,732,798
Citibank NA
4/21/25
(38,003)
USD
3,790,432
PEN
14,119,738
Goldman Sachs Bank USA
5/05/25
(36,643)
USD
1,497,004
PEN
5,680,457
Citibank NA
5/14/25
(42,401)
USD
825,644
PEN
3,139,098
Deutsche Bank AG
5/27/25
(24,853)
USD
506,395
PEN
1,862,065
Citibank NA
6/18/25
2,098
USD
554,306
PLN
2,189,000
JPMorgan Chase Bank NA
3/17/25
13,433
USD
123,504
SEK
1,385,000
Barclays Bank PLC
3/04/25
(5,128)
USD
16,549
SGD
22,292
BNP Paribas SA
3/04/25
54
USD
35,658
SGD
48,342
Bank of America NA
3/04/25
(112)
USD
35,059
SGD
47,339
Citibank NA
3/04/25
31
USD
64,865
SGD
87,066
Goldman Sachs Bank USA
3/04/25
441
USD
517,273
TWD
16,959,830
Barclays Bank PLC
3/03/25
2,152
USD
517,336
TWD
16,965,520
Goldman Sachs Bank USA
3/03/25
2,043
USD
1,717,090
TWD
56,320,560
BNP Paribas SA
3/04/25
6,467
USD
2,520,675
TWD
82,552,094
Citibank NA
3/04/25
13,322
USD
400,000
TWD
13,142,800
Goldman Sachs Bank USA
3/04/25
814
USD
1,113,671
TWD
36,506,151
Goldman Sachs Bank USA
3/05/25
4,770
USD
869,319
TWD
28,567,561
BNP Paribas SA
3/06/25
1,478
USD
930,681
TWD
30,581,072
BNP Paribas SA
3/10/25
1,334
USD
2,000,000
TWD
65,657,400
BNP Paribas SA
3/13/25
4,149
USD
1,711,644
TWD
56,651,993
BNP Paribas SA
4/25/25
(16,659)
USD
1,754,700
TWD
57,694,536
BNP Paribas SA
4/25/25
(5,408)
USD
734,000
TWD
23,923,262
BNP Paribas SA
4/25/25
4,164
USD
1,332,966
TWD
42,988,154
BNP Paribas SA
4/25/25
21,511
USD
1,786,919
TWD
58,559,123
BNP Paribas SA
4/25/25
434
USD
1,781,834
TWD
58,784,485
BNP Paribas SA
4/25/25
(11,526)
USD
1,543,700
TWD
50,602,486
Citibank NA
4/25/25
(49)
USD
1,528,510
TWD
50,185,569
Citibank NA
4/25/25
(2,520)
USD
1,736,792
TWD
57,179,535
Citibank NA
4/25/25
(7,605)
USD
1,542,013
TWD
50,115,423
Citibank NA
4/25/25
13,123
USD
519,000
TWD
16,974,028
Citibank NA
4/25/25
1,167
USD
1,578,067
TWD
51,610,681
Citibank NA
4/25/25
3,561
USD
1,544,752
TWD
50,653,963
Citibank NA
4/25/25
(567)
USD
868,690
TWD
28,559,921
Citibank NA
4/25/25
(2,598)
USD
1,550,032
TWD
50,797,339
Citibank NA
4/25/25
339
USD
1,362,000
TWD
44,409,372
JPMorgan Chase Bank NA
4/25/25
7,187
USD
1,161,346
TWD
37,793,683
BNP Paribas SA
7/16/25
791
USD
1,239,332
TWD
40,218,802
BNP Paribas SA
7/16/25
4,307
USD
1,187,443
TWD
38,629,896
Citibank NA
7/16/25
1,210
USD
1,263,831
TWD
41,126,325
Citibank NA
7/16/25
938
USD
1,263,662
TWD
41,077,861
Citibank NA
7/16/25
2,258
USD
870,909
TWD
28,328,932
Goldman Sachs Bank USA
7/16/25
994
USD
1,168,944
TWD
38,060,817
JPMorgan Chase Bank NA
7/16/25
186
USD
1,258,956
TWD
40,894,668
JPMorgan Chase Bank NA
7/16/25
3,177
USD
21,385
TWD
697,190
Bank of America NA
8/20/25
(84)
USD
907,990
TWD
29,615,910
JPMorgan Chase Bank NA
8/20/25
(3,987)
USD
597,975
ZAR
11,159,000
BNP Paribas SA
3/19/25
2,313
USD
1,602,113
ZAR
29,615,272
BNP Paribas SA
3/19/25
21,265
USD
599,901
ZAR
11,056,000
Bank of America NA
3/19/25
9,737
USD
896,870
ZAR
16,621,000
Barclays Bank PLC
3/19/25
9,650
ZAR
256,679,437
USD
13,535,104
Barclays Bank PLC
3/19/25
166,315
ZAR
18,227,283
USD
983,449
Citibank NA
3/19/25
(10,486)
 
  
  
  
  
  
  
TOTAL FORWARD FOREIGN CURRENCY CONTRACTS
  
(366,970)
Unrealized Appreciation
  
  
3,122,862
Unrealized Depreciation
  
  
(3,489,832)
 
 Credit Default Swaps
Underlying Reference
Rating(1)
Maturity
Date
Clearinghouse /
Counterparty(4)
Fixed
Payment
Received/
(Paid)
Payment
Frequency
Notional
Amount(2)(3)
Value ($)(1)
Upfront
Premium
Received/
(Paid) ($)(5)
Unrealized
Appreciation/
(Depreciation) ($)
Sell Protection
  
  
  
  
  
  
  
  
  
  
5-Year iTraxx Europe Crossover Series 42
NR
Dec 2029
BNP Paribas SA
5%
Quarterly
EUR
9,253,493
1,929,008
(1,859,091)
69,917
Turkish Republic 11.875% 1/15/2030
NR
Jun 2025
Barclays Bank PLC
1%
Quarterly
  
800,000
2,390
(989)
1,401
5-Year iTraxx Europe Crossover Series 42
NR
Dec 2029
Bank of America NA
5%
Quarterly
EUR
10,631,673
2,216,307
(2,043,710)
172,597
5-Year iTraxx Europe Crossover Series 42
NR
Dec 2029
JPMorgan Chase Bank NA
5%
Quarterly
EUR
2,756,360
574,598
(557,400)
17,198
5-Year iTraxx Europe Crossover Series 42
NR
Dec 2029
Goldman Sachs International
5%
Quarterly
EUR
2,953,242
615,641
(597,168)
18,473
5Y CDX NA IG Series 43 Index
NR
Dec 2029
ICE
1%
Quarterly
  
296,910,000
57,532
0
57,532
10-Year CDX N.A. IG Series 43
NR
Dec 2034
ICE
1%
Quarterly
  
17,610,000
47,405
0
47,405
5Y CDX NA HY Series 43 Index
NR
Dec 2029
ICE
5%
Quarterly
  
6,860,000
31,591
0
31,591
BNP Paribas
NR
Dec 2025
ICE
1%
Quarterly
EUR
500,000
1,051
0
1,051
 
  
  
  
  
  
  
  
  
  
  
TOTAL CREDIT DEFAULT SWAPS
  
  
  
  
  
  
  
5,475,523
(5,058,358)
417,165
 
(1)Ratings are presented for credit default swaps in which the Fund has sold protection on the underlying referenced debt. Ratings for an underlying index represent a weighted average of the ratings of all securities included in the index. The credit rating or value can be measures of the current payment/performance risk. Ratings are from Moody's Investors Service, Inc. Where Moody's® ratings are not available, S&P® ratings are disclosed and are indicated as such. All ratings are as of the report date and do not reflect subsequent changes.
 
(2)The notional amount of each credit default swap where the Fund has sold protection approximates the maximum potential amount of future payments that the Fund could be required to make if a credit event were to occur.
 
(3)Notional amount is stated in U.S. Dollars unless otherwise noted.
 
(4)Swaps with Intercontinental Exchange (ICE) are centrally cleared swaps.
 
(5)Any premiums for centrally cleared swaps are recorded periodically throughout the term of the swap to variation margin and included in unrealized appreciation (depreciation).
 
 
 Interest Rate Swaps
Payment Received
Payment
Frequency
Payment Paid
Payment
Frequency
Clearinghouse /
Counterparty(3)
Maturity
Date
Notional
Amount(2)
Value ($)
 
Upfront
Premium
Received/
(Paid) ($)(4)
Unrealized
Appreciation/
(Depreciation) ($)
 
1D TIIE(1)
Monthly
9.43%
Monthly
CME
Dec 2025
MXN
10,700,000
(1,915)
0
(1,915)
1D TIIE(1)
Monthly
9.39%
Monthly
CME
Dec 2025
MXN
12,200,000
(1,773)
0
(1,773)
28D TIIE(1)
Monthly
9.39%
Monthly
CME
Nov 2034
MXN
12,200,000
(22,681)
0
(22,681)
U.S. SOFR Index(1)
Annual
3.75%
Annual
CME
Dec 2029
  
104,600,000
957,456
0
957,456
U.S. SOFR Index(1)
Annual
3.5%
Annual
CME
Dec 2054
  
17,310,000
(157,827)
0
(157,827)
U.S. SOFR Index(1)
Annual
3.75%
Annual
CME
Dec 2034
  
61,510,000
598,218
0
598,218
U.S. SOFR Index(1)
Annual
3.75%
Annual
CME
Dec 2044
  
260,000
19,972
0
19,972
U.S. SOFR Index(1)
Annual
3.75%
Annual
CME
Dec 2026
  
11,690,000
174,033
0
174,033
6M WIBID(1)
Semi-Annual
4.93%
Annual
CME
Jul 2029
PLN
6,800,000
(32,225)
0
(32,225)
28D TIIE(1)
Monthly
9.43%
Monthly
CME
Oct 2034
MXN
10,700,000
(20,978)
0
(20,978)
28D TIIE(1)
Annual
9%
Annual
CME
Mar 2029
MXN
26,300,000
(33,889)
0
(33,889)
U.S. SOFR Index(1)
Annual
3.25%
Annual
CME
Mar 2032
  
24,960,000
(591,957)
0
(591,957)
U.S. SOFR Index(1)
Annual
3%
Annual
CME
Mar 2027
  
11,680,000
(52,973)
0
(52,973)
U.S. SOFR Index(1)
Annual
3.25%
Annual
CME
Mar 2055
  
30,710,000
(1,263,178)
0
(1,263,178)
U.S. SOFR Index(1)
Annual
3.25%
Annual
CME
Mar 2035
  
19,940,000
(488,548)
0
(488,548)
U.S. SOFR Index(1)
Annual
3.75157%
Annual
CME
Nov 2048
  
7,030,000
(309,891)
0
(309,891)
4.5%
Semi-Annual
1M AFMA(1)
Semi-Annual
LCH
Sep 2033
AUD
25,470,000
138,387
0
138,387
4%
Annual
SONIA(1)
Annual
LCH
Sep 2029
GBP
57,310,000
1,663
0
1,663
2.5%
Annual
6M EURIBOR(1)
Semi-Annual
LCH
Mar 2035
EUR
26,960,000
160,714
0
160,714
6M EURIBOR(1)
Semi-Annual
2.25%
Annual
LCH
Mar 2055
EUR
11,250,000
(24,749)
0
(24,749)
3.481%
Annual
U.S. SOFR Index(1)
Annual
LCH
Oct 2034
  
900,000
(23,066)
0
(23,066)
3.465%
Annual
U.S. SOFR Index(1)
Annual
LCH
Oct 2034
  
200,000
(5,383)
0
(5,383)
3.515%
Annual
U.S. SOFR Index(1)
Annual
LCH
Nov 2034
  
1,600,000
(36,711)
0
(36,711)
2.5%
Annual
6M EURIBOR(1)
Semi-Annual
LCH
Mar 2030
EUR
19,040,000
53,088
0
53,088
3.865%
Annual
U.S. SOFR Index(1)
Annual
LCH
Nov 2034
  
2,000,000
10,583
0
10,583
Canadian Overnight Repo Rate(1)
Semi-Annual
3%
Semi-Annual
LCH
Jun 2034
CAD
6,450,000
(130,583)
0
(130,583)
Canadian Overnight Repo Rate(1)
Semi-Annual
2.9%
Semi-Annual
LCH
Jun 2034
CAD
6,700,000
(90,119)
0
(90,119)
6M EURIBOR(1)
Semi-Annual
2.4%
Annual
LCH
Feb 2035
EUR
400,000
(2,547)
0
(2,547)
U.S. SOFR Index(1)
Annual
4%
Annual
LCH
Feb 2035
  
650,000
(10,648)
0
(10,648)
U.S. SOFR Index(1)
Annual
3.89%
Annual
LCH
Mar 2035
  
350,000
(2,549)
0
(2,549)
U.S. SOFR Index(1)
Annual
3.9075%
Annual
LCH
Mar 2035
  
800,000
(7,000)
0
(7,000)
TOTAL INTEREST RATE SWAPS
  
  
  
  
  
  
  
(1,197,076)
0
(1,197,076)
 
  
  
  
  
  
  
  
  
  
  
(1)Represents floating rate.
 
(2)Notional amount is stated in U.S. Dollars unless otherwise noted.
 
(3)Swaps with CME Group (CME) and LCH Clearnet Group (LCH) are centrally cleared swaps.
 
(4)Any premiums for centrally cleared swaps are recorded periodically throughout the term of the swap to variation margin and included in unrealized appreciation (depreciation).
 
 Total Return Swaps
Underlying Reference
Pay/
Receive
Reference
Reference
Payment
Frequency
Financing
Rate
Financing
Frequency
Counterparty
Maturity
Date
Units
Notional
Amount
 
Value ($)
 
Upfront
Premium
Received/
(Paid) ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 75 basis points
Monthly
Canadian Imperial Bank of Commerce
Jun 2025
4,003
  
53,125,346
(903,355)
0
(903,355)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 75 basis points
Monthly
Canadian Imperial Bank of Commerce
Jun 2025
3,972
  
52,713,933
(896,359)
0
(896,359)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 75 basis points
Monthly
Canadian Imperial Bank of Commerce
Jun 2025
7,786
  
103,330,988
(1,757,062)
0
(1,757,062)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 75 basis points
Monthly
Canadian Imperial Bank of Commerce
Jun 2025
5,356
  
71,081,527
(1,208,686)
0
(1,208,686)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 58 basis points
Monthly
Canadian Imperial Bank of Commerce
Apr 2025
3,262
  
43,291,251
(727,880)
0
(727,880)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 72 basis points
Monthly
Canadian Imperial Bank of Commerce
Jan 2026
3,262
  
43,291,251
(732,522)
0
(732,522)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 72 basis points
Monthly
Canadian Imperial Bank of Commerce
Jan 2026
13,792
  
183,038,914
(3,102,758)
0
(3,102,758)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 82 basis points
Monthly
Royal Bank of Canada
Oct 2025
3,998
  
53,058,989
(905,115)
0
(905,115)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 82 basis points
Monthly
Royal Bank of Canada
Oct 2025
3,903
  
51,798,208
(883,608)
0
(883,608)
S&P 500 Index
Receives
Monthly
Federal Funds Daily Rate plus 90 basis points
Monthly
Royal Bank of Canada
Oct 2025
2,692
  
35,726,563
(611,670)
0
(611,670)
TOTAL RETURN SWAPS
  
  
  
  
  
  
  
  
  
(11,729,015)
0
(11,729,015)
Currency Abbreviations
         AUD
-
Australian Dollar
         BRL
-
Brazilian Real
         CAD
-
Canadian Dollar
         CHF
-
Swiss Franc
         CNY
-
Chinese (Peoples Rep) Yuan
         EUR
-
European Monetary Unit (Euro)
         GBP
-
United Kingdom Pound
         IDR
-
Indonesia Rupiatt
         ILS
-
Israel Sheckel
         INR
-
Indian Rupee
         JPY
-
Japanese Yen
         KRW
-
Korean Won
         MXN
-
Mexican Peso
         NZD
-
New Zealand Dollar
         PEN
-
Peruvian New Sol
         PLN
-
Polish Zloty
         SEK
-
Swedish Krona
         SGD
-
Singapore Dollar
         TRY
-
New Turkish Lira
         TWD
-
Taiwan Dollar
         USD
-
United States Dollar
         ZAR
-
South African Rand
 
Security Type Abbreviations
ETF
-
Exchange Traded Fund
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(c)
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
 
(d)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $345,568,325 or 0.4% of net assets.
 
(e)
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
 
(f)
Non-income producing
 
(g)
Security or a portion of the security is on loan at period end.
 
(h)
Security is 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 $10,143,741 or 0.0% of net assets.
 
(i)
Level 3 security
 
(j)
Affiliated Fund
 
(k)
Represents a forward settling transaction and therefore no collateral securities had been allocated as of period end. The agreement contemplated the delivery of U.S. Treasury Obligations as collateral on settlement date.
 
(l)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(m)
Security or a portion of the security has been segregated as collateral for open forward foreign currency contracts, options and bi-lateral over the counter (OTC) swaps. At period end, the value of securities pledged amounted to $23,183,724.
 
(n)
Includes $414,773 of cash collateral to cover margin requirements for futures contracts.
 
(o)
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.
 
(p)
Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.
 
(q)
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 $21,123,695.
 
(r)
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.
 
(s)
Investment made with cash collateral received from securities on loan.
 
(t)
The rate quoted is the annualized seven-day yield of the fund at period end.
 
(u)
Includes $10,228,000 of cash collateral segregated to cover margin requirements for centrally cleared swaps.
 
(v)
Security or a portion of the security is pledged as collateral for options written. At period end, the value of securities pledged amounted to $86,570,800.
 
(w)
Security or a portion of the security was pledged to cover margin requirements for centrally cleared swaps. At period end, the value of securities pledged amounted to $14,208,936.
 
 
 
 
* Repurchase Agreements
Counterparty
Lending Rate (%)
Settlement Date
Maturity Date
Repurchase Agreement
Value ($)
Repurchase Agreement Proceeds ($)
Collateralized By
Collateral Coupon (%)
Collateral Maturity Date
Collateral Value Received ($)
Deutsche Bank Securities Inc.
4.47
2/28/2025
3/3/2025
190,600,000
190,670,999
U.S. Treasuries (including strips)
             2.25
5/15/2041
190,670,999
Total Repurchase Agreements
  
  
  
$ 190,600,000
190,670,999
  
  
  
190,670,999
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
  
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Cash Central Fund
43,574,257
319,303,574
321,732,164
1,495,184
190
-
42,546,215
42,537,708
0.1%
Fidelity Securities Lending Cash Central Fund
196,003,648
2,225,421,945
1,562,355,740
1,310,596
-
-
859,069,853
858,983,955
3.5%
Total
239,577,905
2,544,725,519
1,884,087,904
2,805,780
190
-
901,616,068
901,521,663
  
 
  
  
  
  
  
  
  
  
  
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 payments received for lending certain types of securities.
 
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 Blue Chip Growth Fund
13,284,245
525,050
5,000,000
525,050
1,940,255
(5,605,480)
-
-
Fidelity Blue Chip Growth Fund Class Z
-
-
-
-
-
3,921,038
9,065,108
41,132
Fidelity Extended Market Index Fund
-
94,762,986
228,877,789
14,458,178
6,163,334
236,886,470
2,986,789,282
33,227,159
Fidelity Growth Company Fund
3,454,782,809
289,532,017
536,156,839
282,944,663
327,448,591
(176,227,959)
3,359,378,619
85,917,612
Fidelity Mid Cap Index Fund
849,271,975
347,471
845,580,580
336,517
29,494,271
(30,490,671)
3,042,466
88,961
Fidelity SAI Inflation-Focused Fund
1,222
54
-
55
-
(30)
1,246
14
Fidelity SAI Real Estate Index Fund
-
786,267
-
786,267
-
(400,194)
2,364,134
445,223
Fidelity SAI U.S. Large Cap Index Fund
1,875,967,702
2,654,738,085
2,987,106,533
89,744,440
197,309,791
(129,914,869)
1,610,994,176
68,349,350
Fidelity SAI U.S. Low Volatility Index Fund
1,827,748,091
15,783,504
1,338,880,975
15,783,503
277,760,291
(51,884,894)
730,526,017
32,525,646
Fidelity SAI U.S. Momentum Index Fund
9,225,278
206,399,357
-
6,399,357
-
(762,194)
214,862,441
12,235,902
Fidelity SAI U.S. Quality Index Fund
729,949,523
1,103,111,723
100,000,000
150,388,083
(4,425,274)
20,835,805
1,749,471,777
79,775,275
Fidelity Small Cap Growth Fund Class Z
-
8,728,211
-
8,728,211
-
(2,064,103)
576,995,297
17,559,200
 
8,760,230,845
4,374,714,725
6,041,602,716
570,094,324
835,691,259
(135,707,081)
11,243,490,563
330,165,474
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
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. Commercial Paper, U.S. Treasury Obligations, Foreign Government and Government Agency Obligations and Non-Convertible Corporate Bonds 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. Asset-Backed Securities, Collateralized Mortgage Obligations and U.S. Government Agency - Mortgage Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, 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. For foreign debt securities, when significant market or security specific events arise, valuations may be determined in good faith in accordance with procedures adopted by the Board. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Swaps are marked-to-market daily based on valuations from third party pricing services, registered derivatives clearing organizations (clearinghouses) or broker-supplied valuations. These pricing sources may utilize inputs such as movements in the underlying index  interest rate curves, credit spread curves, default possibilities and recovery rates. When independent prices are unavailable or unreliable, swaps may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Swaps are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last 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 but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.
 
The U.S. dollar value of forward foreign currency contracts is determined using currency exchange rates supplied by a pricing service and are categorized as Level 2 in the hierarchy.
 
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.
 
Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy.
 
Options traded over-the-counter are valued using service or broker-supplied valuations and are categorized as Level 2 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.
 
Short-term securities with remaining maturities of sixty days or less may be valued at amortized cost, which approximates fair value, and are categorized as Level 2 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):
 
Credit Risk - Credit risk relates to the ability of the issuer of a financial instrument to make further principal or interest payments on an obligation or commitment that it has to the Fund.
 
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.
 
Foreign Exchange Risk - Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates.
 
Interest Rate Risk - Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates.
 
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. 
 
Derivative counterparty credit risk is managed through formal evaluation of the creditworthiness of all potential counterparties. On certain OTC derivatives, the Fund attempts to reduce its exposure to counterparty credit risk by entering into an International Swaps and Derivatives Association, Inc. (ISDA) Master Agreement with each of its counterparties. The ISDA Master Agreement gives the Fund the right to terminate all transactions traded under such agreement upon the deterioration in the credit quality of the counterparty beyond specified levels. The ISDA Master Agreement gives each party the right, upon an event of default by the other party or a termination of the agreement, to close out all transactions traded under such agreement and to net the amounts owed under each transaction to one net payable by one party to the other. To mitigate counterparty credit risk on bi-lateral OTC derivatives, the Fund receives collateral in the form of cash or securities once the Fund's net unrealized appreciation on outstanding derivative contracts under an ISDA Master Agreement exceeds certain applicable thresholds, subject to certain minimum transfer provisions. The collateral received is held in segregated accounts with the Fund's custodian bank in accordance with the collateral agreements entered into between the Fund, the counterparty and the Fund's custodian bank. The Fund could experience delays and costs in gaining access to the collateral even though it is held by the Fund's custodian bank. The Fund's maximum risk of loss from counterparty credit risk related to bi-lateral OTC derivatives is generally the aggregate unrealized appreciation and unpaid counterparty payments in excess of any collateral pledged by the counterparty to the Fund. For OTC written options with upfront premiums received, the Fund is obligated to perform and therefore does not have counterparty risk. For OTC written options with premiums to be received at a future date, the maximum risk of loss from counterparty credit risk is the amount of the premium in excess of any collateral pledged by the counterparty. The Fund may be required to pledge collateral for the benefit of the counterparties on bi-lateral OTC derivatives in an amount not less than each counterparty's unrealized appreciation on outstanding derivative contracts, subject to certain minimum transfer provisions, and any such pledged collateral is identified in the Schedule of Investments. Exchange-traded contracts are not covered by the ISDA Master Agreement; however counterparty credit risk related to these contracts may be mitigated by the protection provided by the exchange on which they trade. Counterparty credit risk related to centrally cleared swaps may be mitigated by the protection provided by the clearinghouse.
 
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.  
 
Forward Foreign Currency Contracts: Forward foreign currency contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into.  
 
The Fund used forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage exposure to certain foreign currencies.
 
Open forward foreign currency contracts at period end are presented in the Schedule of Investments under the caption "Forward Foreign Currency Contracts." The contract amount and unrealized appreciation (depreciation) reflects each contract's exposure to the underlying currency at period end.
 
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.
 
The Fund used futures contracts to manage its exposure to the bond market and fluctuations in interest rates.
 
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.
 
Options: Options give the purchaser the right, but not the obligation, to buy (call) or sell (put) an underlying security or financial instrument at an agreed exercise or strike price between or on certain dates. Options obligate the seller (writer) to buy (put) or sell (call) an underlying instrument at the exercise or strike price or cash settle an underlying derivative instrument if the holder exercises the option on or before the expiration date.
 
The Fund used exchange-traded options to manage its exposure to the stock market.
 
The Fund used OTC options, such as swaptions, which are options where the underlying instrument is a swap, to manage its exposure to fluctuations in interest rates and/or potential credit events.
 
Open options at period end are presented in the Schedule of Investments under the captions "Purchased Options," "Purchased Swaptions," "Written Options" and "Written Swaptions." Writing puts and buying calls tend to increase exposure to the underlying instrument while buying puts and writing calls tend to decrease exposure to the underlying instrument. For purchased options, risk of loss is limited to the premium paid, and for written options, risk of loss is the change in value in excess of the premium received.
 
Swaps: A swap is a contract between two parties to exchange future cash flows at periodic intervals based on a notional principal amount.
 
A centrally cleared swap is a transaction executed between a fund and a dealer counterparty, then cleared by a futures commission merchant (FCM) through a clearinghouse. Once cleared, the clearinghouse serves as a central counterparty, with whom a fund exchanges cash flows for the life of the transaction, similar to transactions in futures contracts.
 
A bi-lateral OTC swap is a transaction between a fund and a dealer counterparty where cash flows are exchanged between the two parties for the life of the swap.
 
Credit Default Swaps: Credit default swaps enable the Fund to buy or sell protection against specified credit events on a single-name issuer or a traded credit index. Under the terms of a credit default swap the buyer of protection (buyer) receives credit protection in exchange for making periodic payments to the seller of protection (seller) based on a fixed percentage applied to a notional principal amount. In return for these payments, the seller will be required to make a payment upon the occurrence of one or more specified credit events. The Fund enters into credit default swaps as a seller to gain credit exposure to an issuer and/or as a buyer to obtain a measure of protection against defaults of an issuer. Periodic payments are made over the life of the contract by the buyer provided that no credit event occurs. For credit default swaps on most corporate and sovereign issuers, credit events include bankruptcy, failure to pay or repudiation/moratorium. For credit default swaps on corporate or sovereign issuers, the obligation that may be put to the seller is not limited to the specific reference obligation described in the Schedule of Investments. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down. For credit default swaps on asset-backed securities, the reference obligation described represents the security that may be put to the seller. For credit default swaps on a traded credit index, a specified credit event may affect all or individual underlying securities included in the index. Typically, the value of each credit default swap and credit rating disclosed for each reference obligation in the Schedule of Investments, where the Fund is the seller, can be used as measures of the current payment/performance risk of the swap. As the value of the swap changes as a positive or negative percentage of the total notional amount, the payment/performance risk may decrease or increase, respectively. In addition to these measures, FMR monitors a variety of factors including cash flow assumptions, market activity and market sentiment as part of its ongoing process of assessing payment/ performance risk.
 
Interest Rate Swaps: Interest rate swaps are agreements between counterparties to exchange cash flows, one based on a fixed rate, and the other on a floating rate. The Fund entered into interest rate swaps to manage its exposure to interest rate changes. Changes in interest rates can have an effect on both the value of bond holdings as well as the amount of interest income earned. In general, the value of bonds can fall when interest rates rise and can rise when interest rates fall.
 
Total Return Swaps: Total return swaps are agreements between counterparties to exchange cash flows, one based on a market-linked return of an individual asset or a basket of assets (i.e., an index), and the other on a fixed or floating rate. To the extent the total return of the instrument or index underlying the transaction exceeds or falls short of the offsetting payment obligation, the Fund will receive a payment from or make a payment to the counterparty. The Fund entered into total return swaps to manage its commodities market exposure.
 
Open swaps at period end are included in the Schedule of Investments under the caption Credit Default Swaps, Interest Rate Swaps and/or Total Return Swaps, as applicable.
 
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual 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.
 
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