Quarterly Holdings Report
for
Strategic Advisers® Fidelity® 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, 2026
TSF-NPRT3-0426
1.9887486.107
Asset-Backed Securities - 0.1%
 
  
Principal
Amount (a)
 
Value ($)
 
BAILIWICK OF JERSEY - 0.0%
 
  
  
Bain Cap Cr Clo Ltd / Bain Cap Cr Clo LLC Series 2025-2A Class XR, CME Term SOFR 3 month Index + 1.1%, 4.7676% 7/18/2038 (i)(j)(k)
  
2,442,632
2,450,340
Hartwick Park Clo Ltd Series 2024-1A Class AR, CME Term SOFR 3 month Index + 1.16%, 4.8276% 1/20/2037 (i)(j)(k)
  
6,155,000
6,162,940
Neuberger Berman Ln Advisers Nbla CLO Ltd / Neuberger Berman Ln Series 2026-50A Class AR2, CME Term SOFR 3 month Index + 1.04%, 4.6989% 7/23/2036 (i)(j)(k)
  
6,700,000
6,700,905
Valley Stream Pk Clo Ltd / Vy Stream Pk Clo LLC Series 2024-1A Class ARR, CME Term SOFR 3 month Index + 1.19%, 4.8576% 1/20/2037 (i)(j)(k)
  
7,870,000
7,876,556
TOTAL BAILIWICK OF JERSEY
  
  
23,190,741
CANADA - 0.0%
 
  
  
Chesapeake Funding II LLC Series 2023-1A Class A1, 5.65% 5/15/2035 (i)
  
271,878
273,120
Chesapeake Funding II LLC Series 2023-2A Class A1, 6.16% 10/15/2035 (i)
  
70,680
71,423
Chesapeake Funding II LLC Series 2024-1A Class A1, 5.52% 5/15/2036 (i)
  
339,707
343,976
Securitized Term Auto Receivables Trust Series 2025-A Class B, 5.038% 7/25/2031 (i)
  
293,610
296,749
TOTAL CANADA
  
  
985,268
GRAND CAYMAN (UK OVERSEAS TER) - 0.0%
 
  
  
Bain Capital Credit Clo Ltd Series 2025-5A Class ARR, CME Term SOFR 3 month Index + 1.15%, 4.8176% 4/20/2034 (i)(j)(k)
  
5,790,000
5,795,477
Bain Capital Credit Clo Series 2025-2A Class A1R, CME Term SOFR 3 month Index + 1.15%, 4.8192% 4/22/2035 (i)(j)(k)
  
3,700,000
3,705,739
Barings CLO Ltd Series 2024-3A Class A1RR, CME Term SOFR 3 month Index + 1.14%, 4.8076% 1/20/2036 (i)(j)(k)
  
5,600,000
5,605,628
Buckhorn Park Clo Ltd Series 2024-1A Class ARR, CME Term SOFR 3 month Index + 1.07%, 4.7376% 7/18/2034 (i)(j)(k)
  
4,537,000
4,541,188
Dryden 104 Clo Ltd / Dryden 104 Clo LLC Series 2024-104A Class A1R, CME Term SOFR 3 month Index + 1.29%, 4.9456% 8/20/2034 (i)(j)(k)
  
2,406,000
2,410,518
Dryden 68 Clo Ltd Series 2024-68A Class ARR, CME Term SOFR 3 month Index + 1.1%, 4.7722% 7/15/2035 (i)(j)(k)
  
4,111,000
4,107,715
Flatiron Clo 28 Ltd / Flatiron Clo LLC Series 2025-1A Class A1R, CME Term SOFR 3 month Index + 1.08%, 4.7522% 7/15/2036 (i)(j)(k)
  
5,180,000
5,189,526
Invesco CLO 2021-3 Ltd Series 2025-3A Class A1R, CME Term SOFR 3 month Index + 1.08%, 4.7492% 10/22/2034 (i)(j)(k)
  
4,930,000
4,936,281
Madison Pk Fdg Xlv Ltd / Madison Pk Fdg Xlv LLC Series 2024-45A Class ARR, CME Term SOFR 3 month Index + 1.08%, 4.7522% 7/15/2034 (i)(j)(k)
  
4,094,000
4,096,964
Magnetite Xxii Ltd / Magnetite Xxii LLC Series 2024-22A Class ARR, CME Term SOFR 3 month Index + 1.25%, 4.9222% 7/15/2036 (i)(j)(k)
  
3,656,000
3,658,216
Magnetite Xxiii Ltd Series 2026-23A Class AR2, CME Term SOFR 3 month Index + 0.99%, 4.6371% 1/25/2035 (i)(j)(k)
  
4,270,000
4,273,681
Oha Credit Funding 22 Ltd Series 2025-22A Class A1, CME Term SOFR 3 month Index + 1.33%, 4.9976% 7/20/2038 (i)(j)(k)
  
3,582,000
3,589,200
Palmer Square Ln Fdg 2025-2 Ltd / Palmer Square Ln Fdg 2025-2 LLC Series 2025-2A Class A1, CME Term SOFR 3 month Index + 0.94%, 4.6122% 7/15/2033 (i)(j)(k)
  
4,922,133
4,925,140
Palmer Square Loan Funding Ltd Series 2024-2A Class A1N, CME Term SOFR 3 month Index + 1%, 4.6722% 1/15/2033 (i)(j)(k)
  
522,769
522,768
RR Ltd Series 2025-16A Class A1R, CME Term SOFR 3 month Index + 1.05%, 4.7222% 7/15/2036 (i)(j)(k)
  
5,114,000
5,114,486
Sixth Street Clo Xix Ltd Series 2025-19A Class X, CME Term SOFR 3 month Index + 1%, 4.6676% 7/17/2038 (i)(j)(k)
  
1,866,667
1,867,761
Voya Clo 2022-1 Ltd / Voya Clo 2022-1 LLC Series 2024-1A Class A1R, CME Term SOFR 3 month Index + 1.25%, 4.9176% 4/20/2035 (i)(j)(k)
  
2,950,000
2,955,337
Voya CLO Ltd Series 2024-2A Class AR, CME Term SOFR 3 month Index + 1.2%, 4.8676% 7/20/2032 (i)(j)(k)
  
2,019,873
2,021,463
TOTAL GRAND CAYMAN (UK OVERSEAS TER)
  
  
69,317,088
UNITED STATES - 0.1%
 
  
  
Affirm Asset Securitization Trust Series 2025-X1 Class A, 5.08% 4/15/2030 (i)
  
316,864
317,274
Affirm Asset Securitization Trust Series 2025-X2 Class A, 4.45% 10/15/2030 (i)
  
3,766,239
3,770,547
Affirm Master Trust Series 2026-1A Class A, 4.37% 2/15/2034 (i)
  
3,445,000
3,464,693
Ally Auto Receivables Trust Series 2024-1 Class A3, 5.08% 12/15/2028
 
329,927
332,062
American Express Credit Account Master Trust Series 2024-1 Class A, 5.23% 4/15/2029
 
5,000,000
5,088,131
Amur Equip Fin Receivables Xv LLC Series 2025-1A Class A2, 4.7% 9/22/2031 (i)
  
2,356,489
2,382,059
ARI Fleet Lease Trust Series 2023-B Class A2, 6.05% 7/15/2032 (i)
  
297,366
299,302
ARI Fleet Lease Trust Series 2024-A Class A2, 5.3% 11/15/2032 (i)
  
696,149
699,825
ARI Fleet Lease Trust Series 2024-B Class A3, 5.26% 4/15/2033 (i)
  
316,000
322,126
ARI Fleet Lease Trust Series 2025-A Class A2, 4.38% 1/17/2034 (i)
  
342,228
343,386
Avis Budget Rental Car Funding AESOP LLC Series 2022-4A Class A, 4.77% 2/20/2029 (i)
  
6,000,000
6,079,270
Avis Budget Rental Car Funding AESOP LLC Series 2025-1A Class A, 4.8% 8/20/2029 (i)
  
690,000
702,138
Avis Budget Rental Car Funding AESOP LLC Series 2025-3A Class A, 4.17% 2/20/2030 (i)
  
2,620,000
2,631,633
Avis Budget Rental Car Funding AESOP LLC Series 2025-3A Class B, 4.46% 2/20/2030 (i)
  
1,815,000
1,823,417
Bank of America Credit Card Master Trust Series 2023-A2 Class A2, 4.98% 11/15/2028
 
1,026,000
1,034,783
BMW Vehicle Lease Trust Series 2024-1 Class A3, 4.98% 3/25/2027
 
479,180
480,184
BofA Auto Trust Series 2024-1A Class A3, 5.35% 11/15/2028 (i)
  
172,309
173,847
Capital One Prime Auto Receivables Trust Series 2024-1 Class A3, 4.62% 7/16/2029
 
3,405,000
3,435,718
CarMax Auto Owner Trust Series 2023-2 Class A3, 5.05% 1/18/2028
 
574,759
577,153
CarMax Auto Owner Trust Series 2023-3 Class A3, 5.28% 5/15/2028
 
601,005
604,796
CarMax Auto Owner Trust Series 2023-4 Class A3, 6% 7/17/2028
 
190,246
192,434
CarMax Auto Owner Trust Series 2024-2 Class A3, 5.5% 1/16/2029
 
427,441
432,729
CarMax Auto Owner Trust Series 2024-3 Class A3, 4.89% 7/16/2029
 
2,196,000
2,220,236
Carmax Auto Owner Trust Series 2025-4 Class A3, 3.97% 12/16/2030
 
5,200,000
5,225,991
Carvana Auto Receivables Trust 2025-P2 Series 2025-P2 Class A3, 4.55% 8/12/2030
 
2,735,000
2,761,986
Carvana Auto Receivables Trust Series 2024-P4 Class A3, 4.64% 1/10/2030
 
3,650,000
3,670,187
Carvana Auto Receivables Trust Series 2025-P3 Class A3, 4.04% 11/11/2030
 
4,825,000
4,852,933
Chase Auto Owner Trust Series 2024-1A Class A3, 5.13% 5/25/2029 (i)
  
395,989
399,725
Chase Auto Owner Trust Series 2024-3A Class A3, 5.22% 7/25/2029 (i)
  
2,393,192
2,418,681
Chase Auto Owner Trust Series 2024-4A Class A3, 4.94% 7/25/2029 (i)
  
3,178,698
3,205,934
Chase Issuance Trust Series 2023-A2 Class A, 5.08% 9/15/2030
 
2,080,000
2,154,417
Citizens Auto Receivables Trust Series 2024-1 Class A3, 5.11% 4/17/2028 (i)
  
494,379
496,867
Citizens Auto Receivables Trust Series 2024-2 Class A3, 5.33% 8/15/2028 (i)
  
506,575
509,183
Daimler Trucks Retail Trust Series 2024-1 Class A3, 5.49% 12/15/2027
 
1,359,342
1,369,148
Dell Equipment Finance Trust Series 2023-2 Class A3, 5.65% 1/22/2029 (i)
  
51,804
51,865
Dell Equipment Finance Trust Series 2023-3 Class A3, 5.93% 4/23/2029 (i)
  
222,995
223,925
Dell Equipment Finance Trust Series 2024-1 Class A3, 5.39% 3/22/2030 (i)
  
663,080
667,454
Dell Equipment Finance Trust Series 2024-2 Class A3, 4.59% 8/22/2030 (i)
  
827,000
832,379
Dext Abs LLC Series 2025-1 Class A2, 4.59% 8/16/2027 (i)
  
730,370
732,023
Dext Abs LLC Series 2025-1 Class A3, 4.77% 8/15/2035 (i)
  
1,750,000
1,769,499
Dext Abs LLC Series 2025-2 Class A3, 4.23% 4/15/2036 (i)
  
235,000
235,779
DLLAA Series 2023-1A Class A3, 5.64% 2/22/2028 (i)
  
89,043
89,966
DLLAD Series 2024-1A Class A3, 5.3% 7/20/2029 (i)
  
199,000
203,127
DLLMT LLC Series 2024-1A Class A3, 4.84% 8/21/2028 (i)
  
1,310,000
1,320,436
DLLMT LLC Series 2026-1A Class A2, 4.03% 7/20/2028 (i)
  
1,315,000
1,316,837
DLLMT LLC Series 2026-1A Class A3, 4.2% 12/20/2029 (i)
  
665,000
669,632
DLLST Series 2024-1A Class A3, 5.05% 8/20/2027 (i)
  
828,360
831,693
Enterprise Fleet Financing 2025-2 LLC Series 2025-2 Class A2, 4.51% 2/22/2028 (i)
  
4,858,970
4,877,982
Enterprise Fleet Financing LLC Series 2023-1 Class A2, 5.51% 1/22/2029 (i)
  
9,580
9,590
Enterprise Fleet Financing LLC Series 2023-2 Class A2, 5.56% 4/22/2030 (i)
  
325,065
326,574
Enterprise Fleet Financing LLC Series 2023-3 Class A2, 6.4% 3/20/2030 (i)
  
183,698
185,838
Enterprise Fleet Financing LLC Series 2024-1 Class A2, 5.23% 3/20/2030 (i)
  
859,649
865,973
Enterprise Fleet Financing LLC Series 2024-3 Class A3, 4.98% 8/21/2028 (i)
  
2,415,000
2,446,666
Enterprise Fleet Financing LLC Series 2024-4 Class A3, 4.56% 11/20/2028 (i)
  
991,000
1,001,974
Enterprise Fleet Financing LLC Series 2025-1 Class A3, 4.82% 2/20/2029 (i)
  
2,765,000
2,813,539
Enterprise Fleet Financing LLC Series 2025-3 Class A3, 4.46% 9/20/2029 (i)
  
5,730,000
5,813,813
Enterprise Fleet Financing Series 2024-2 Class A2, 5.74% 12/20/2026 (i)
  
121,870
122,173
Enterprise Fleet Financing Series 2024-2 Class A3, 5.61% 4/20/2028 (i)
  
424,000
430,297
Exeter Automobile Receivables Trust Series 2025-4A Class B, 4.4% 5/15/2030
 
3,270,000
3,296,377
Fiaot Series 2025-1A Class A2, 4.31% 12/15/2028 (i)
  
3,950,000
3,956,222
Flatiron Clo 23 LLC Series 2025-1A Class AR, CME Term SOFR 3 month Index + 1.24%, 4.9076% 4/17/2036 (i)(j)(k)
  
4,695,000
4,702,850
Flatiron Rr Clo 22 LLC Series 2025-2A Class AR, CME Term SOFR 3 month Index + 0.91%, 4.5822% 10/15/2034 (i)(j)(k)
  
5,500,000
5,497,250
Ford Credit Auto Owner Trust Series 2023-B Class A3, 5.23% 5/15/2028
 
458,244
460,617
Ford Credit Auto Owner Trust Series 2024-D Class A3, 4.61% 8/15/2029
 
1,895,000
1,914,669
Ford Credit Floorplan Master Owner Trust A Series 2023-1 Class A1, 4.92% 5/15/2028 (i)
  
986,000
987,969
Ford Credit Floorplan Master Owner Trust A Series 2024-1 Class A1, 5.29% 4/15/2029 (i)
  
3,118,000
3,168,056
Ford Credit Floorplan Master Owner Trust A Series 2024-1 Class A2, U.S. 30-Day Avg. SOFR Index + 0.75%, 4.4082% 4/15/2029 (i)(j)(k)
  
4,000,000
4,016,400
Fordf Series 2025-1 Class A1, 4.63% 4/15/2030
 
2,835,000
2,886,205
Fordf Series 2025-1 Class B, 4.84% 4/15/2030
 
1,430,000
1,451,382
GM Financial Consumer Automobile Receivables Trust Series 2023-3 Class A3, 5.45% 6/16/2028
 
131,169
132,101
GM Financial Leasing Trust Series 2024-1 Class A3, 5.09% 3/22/2027
 
741,882
743,062
GMF Floorplan Owner Revolving Trust Series 2023-1 Class A2, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8082% 6/15/2028 (i)(j)(k)
  
5,000,000
5,010,690
GMF Floorplan Owner Revolving Trust Series 2023-1 Class B, 5.73% 6/15/2028 (i)
  
1,104,000
1,108,726
GMF Floorplan Owner Revolving Trust Series 2024-1A Class A1, 5.13% 3/15/2029 (i)
  
6,264,000
6,349,631
GMF Floorplan Owner Revolving Trust Series 2024-4A Class A1, 4.73% 11/15/2029 (i)
  
1,055,000
1,071,663
Greensky Home Improvement Issuer Trust Series 2025-2A Class A2, 4.93% 6/25/2060 (i)
  
246,907
247,917
Greensky Home Improvement Series 2025-3A Class A1, 4.34% 12/27/2060 (i)
  
4,272,833
4,281,140
Huntington Auto Trust Series 2024-1A Class A3, 5.23% 1/16/2029 (i)
  
2,073,516
2,094,334
Hyundai Auto Lease Securitization Trust Series 2024-B Class A3, 5.41% 5/17/2027 (i)
  
797,364
800,411
Hyundai Auto Receivables Trust Series 2023-B Class A3, 5.48% 4/17/2028
 
121,566
122,331
Hyundai Auto Receivables Trust Series 2024-A Class A3, 4.99% 2/15/2029
 
505,666
509,862
John Deere Owner Trust Series 2024-A Class A3, 4.96% 11/15/2028
 
2,898,315
2,922,577
Juniper Valley Park CLO LLC Series 2025-1A Class ARR, CME Term SOFR 3 month Index + 1.08%, 4.7476% 7/20/2036 (i)(j)(k)
  
4,000,000
4,002,672
Kubota Credit Owner Trust Series 2024-2A Class A3, 5.26% 11/15/2028 (i)
  
593,000
601,741
Marlette Funding Trust 2025-1 Series 2025-1A Class A, 4.75% 7/16/2035 (i)
  
173,468
173,723
Mercedes-Benz Auto Lease Trust Series 2024-A Class A3, 5.32% 1/18/2028
 
714,000
719,451
Mercedes-Benz Auto Lease Trust Series 2024-B Class A3, 4.23% 2/15/2028
 
3,680,469
3,687,621
Merchants Fleet Funding LLC Series 2024-1A Class A, 5.82% 4/20/2037 (i)
  
615,971
619,428
Merchants Fleet Funding LLC Series 2025-1A Class A, 4.49% 1/20/2039 (i)
  
2,105,000
2,122,641
Nissan Master Owner Tr Receivable Series 2024-B Class A, 5.05% 2/15/2029 (i)
  
1,063,000
1,074,449
Oportun Funding Trust Series 2024-3 Class A, 5.26% 8/15/2029 (i)
  
3,545
3,546
Oportun Issuance Trust 2025-B Series 2025-B Class A, 4.88% 5/9/2033 (i)
  
2,465,000
2,479,442
Oportun Issuance Trust Series 2025-C Class A, 4.49% 7/8/2033 (i)
  
1,220,000
1,223,315
Optn Series 2026-A Class A, 4.32% 1/9/2034 (i)
  
490,000
491,568
PEAC Solutions Receivables LLC Series 2026-1A Class A3, 4.39% 7/20/2033 (i)
  
305,000
308,186
Peac Solutions Receivables Series 2025-1A Class A2, 4.94% 10/20/2028 (i)
  
670,385
674,368
Pk Alift Loan Funding 7 LP Series 2025-2 Class A, 4.75% 3/15/2043 (i)
  
1,450,018
1,459,471
Porsche Financial Auto Securitization Trust Series 2024-1A Class A3, 4.44% 1/22/2030 (i)
  
5,189,302
5,211,327
Porsche Finl Auto Securitization Tr 2023-2 Series 2023-2A Class A3, 5.79% 1/22/2029 (i)
  
224,947
226,541
Porsche Innovative Lease Owner Trust Series 2024-2A Class A3, 4.35% 10/20/2027 (i)
  
3,040,465
3,045,444
Post Road Equipment Finance LLC Series 2025-1A Class A2, 4.9% 5/15/2031 (i)
  
346,851
349,908
Pstat Series 2026-2A Class A2R, CME Term SOFR 3 month Index + 1.15%, 1.15% 1/15/2033 (i)(j)(k)
  
4,830,000
4,830,000
RCKT Trust Series 2025-1A Class A, 4.9% 7/25/2034 (i)
  
236,666
237,228
Rcktl Series 2025-2A Class A, 4.48% 11/27/2034 (i)
  
559,345
559,907
Reach Abs Trust Series 2025-2A Class A, 4.93% 8/18/2032 (i)
  
1,044,441
1,049,221
RKTL Series 2026-1A Class A, 4.07% 2/26/2035 (i)
  
2,750,000
2,753,130
RKTL Series 2026-1A Class B, 4.33% 2/26/2035 (i)
  
2,745,000
2,745,178
Santander Drive Auto Receivables Trust Series 2025-2 Class A3, 4.67% 8/15/2029
 
3,550,000
3,571,995
SBNA Auto Lease Trust Series 2024-B Class A3, 5.56% 11/22/2027 (i)
  
425,662
427,561
SBNA Auto Lease Trust Series 2024-C Class A3, 4.56% 2/22/2028 (i)
  
464,750
465,634
SCLP Series 2025-4 Class A, 4.24% 8/25/2035 (i)
  
4,559,789
4,568,590
SFS Auto Receivables Securitization Trust Series 2023-1A Class A3, 5.47% 10/20/2028 (i)
  
675,270
679,210
SFS Auto Receivables Securitization Trust Series 2024-1A Class A3, 4.95% 5/21/2029 (i)
  
403,623
405,809
SFS Auto Receivables Securitization Trust Series 2024-2A Class A3, 5.33% 11/20/2029 (i)
  
297,132
300,492
SFS Auto Receivables Securitization Trust Series 2025-2A Class A3, 4.44% 12/20/2030 (i)
  
3,340,000
3,373,059
Sofi Consumer Loan Program Series 2025-3 Class A, 4.47% 8/15/2034 (i)
  
887,257
889,755
Stellantis Financial Underwritten Enhanced Lease Trust Series 2025-CA Class A3, 4.11% 4/20/2029 (i)
  
4,407,000
4,438,451
T-Mobile US Trust Series 2024-1A Class A, 5.05% 9/20/2029 (i)
  
1,811,000
1,818,893
Tesla Lease Electric Vehicle Securitization LLC Series 2025-A Class A3, 4.27% 11/20/2028 (i)
  
5,510,000
5,546,284
Tesla Series 2024-A Class A3, 5.3% 6/21/2027 (i)
  
429,574
430,747
Upstart Securitization Trust Series 2023-3 Class A, 6.9% 10/20/2033 (i)
  
30,104
30,158
Upstart Securitization Trust Series 2025-3 Class A2, 4.6% 9/20/2035 (i)
  
5,886,442
5,896,316
USB Auto Owner Trust 2025-1 Series 2025-1A Class A3, 4.49% 6/17/2030 (i)
  
1,330,000
1,343,425
Verd Series 2025-1A Class A2, 4.85% 3/13/2028 (i)
  
484,023
486,103
Verizon Master Trust Series 2023-4 Class A1A, 5.16% 6/20/2029
 
1,573,000
1,578,973
Verizon Master Trust Series 2024-8 Class A1A, 4.62% 11/20/2030
 
4,600,000
4,671,344
Volkswagen Auto Lease Trust Series 2025-B Class A3, 4.01% 1/22/2029
 
5,050,000
5,072,087
Volkswagen Auto Loan Enhanced Trust Series 2023-1 Class A3, 5.02% 6/20/2028
 
349,391
351,591
Volkswagen Auto Loan Enhanced Trust Series 2024-1 Class A3, 4.63% 7/20/2029
 
4,570,000
4,626,217
Volvo Financial Equipment LLC Series 2024-1A Class A3, 4.29% 10/16/2028 (i)
  
301,000
302,534
Wells Fargo Card Issuance Trust Series 2024-A1 Class A, 4.94% 2/15/2029
 
2,470,000
2,498,587
Wheels Fleet Lease Funding LLC Series 2023-2A Class A, 6.46% 8/18/2038 (i)
  
518,921
524,616
Wheels Fleet Lease Funding LLC Series 2024-1A Class A1, 5.49% 2/18/2039 (i)
  
1,768,153
1,787,887
Wheels Fleet Lease Funding LLC Series 2024-2A Class A2, CME Term SOFR 1 month Index + 1%, 4.6641% 6/21/2039 (i)(j)(k)
  
1,330,647
1,338,515
Wheels Fleet Lease Funding LLC Series 2024-3A Class A1, 4.8% 9/19/2039 (i)
  
2,599,806
2,628,937
Wheels Fleet Lease Funding LLC Series 2025-1A Class A1, 4.57% 1/18/2040 (i)
  
4,337,488
4,382,226
Wheels Fleet Lease Funding LLC Series 2025-2A Class A1, 4.41% 5/18/2040 (i)
  
5,760,000
5,817,333
Wheels Fleet Lease Funding LLC Series 2025-3A Class A1, 4.08% 9/18/2040 (i)
  
3,785,000
3,801,193
World Omni Auto Receivables Tr 2023-D Series 2023-D Class A3, 5.79% 2/15/2029
 
679,752
687,620
World Omni Auto Receivables Tr Series 2024-A Class A3, 4.86% 3/15/2029
 
1,649,140
1,660,549
World Omni Auto Receivables Trust 2023-C Series 2023-C Class A3, 5.15% 11/15/2028
 
85,982
86,450
World Omni Auto Receivables Trust Series 2024-B Class A3, 5.27% 9/17/2029
 
1,390,191
1,404,260
World Omni Automobile Lease Securitization Trust Series 2024-A Class A3, 5.26% 10/15/2027
 
1,349,148
1,355,647
World Omni Select Auto Trust Series 2025-A Class A3, 4.08% 8/15/2031
 
850,000
854,479
TOTAL UNITED STATES
  
  
270,797,304
 
TOTAL ASSET-BACKED SECURITIES
 (Cost $362,324,451)
  
  
  
364,290,401
 
  
  
  
Bank Notes - 0.0%
 
  
Principal
Amount (a)
 
Value ($)
 
UNITED STATES - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Morgan Stanley Bank NA 4.968% 7/14/2028 (j)
  
3,117,000
3,156,922
Capital Markets - 0.0%
  
  
  
Goldman Sachs Bank USA 5.283% 3/18/2027 (j)
  
3,500,000
3,501,984
TOTAL UNITED STATES
  
  
6,658,906
 
TOTAL BANK NOTES
 (Cost $6,617,000)
  
  
  
6,658,906
 
  
  
  
Collateralized Mortgage Obligations - 0.0%
 
  
Principal
Amount (a)
 
Value ($)
 
UNITED STATES - 0.0%
 
  
  
CFMT LLC Series 2024-HB13 Class A, 3% 5/25/2034 (i)(j)
  
271,625
269,138
CFMT LLC Series 2024-HB15 Class A, 4% 8/25/2034 (i)(j)
  
152,587
152,214
CFMT Series 2025-HB16 Class A, 3% 3/25/2035 (i)(j)
  
212,109
208,796
Ocwen Loan Investment Trust Series 2023-HB1 Class A, 3% 6/25/2036 (i)
  
4,501
4,495
Ocwen Loan Investment Trust Series 2024-HB1 Class A, 3% 2/25/2037 (i)
  
25,746
25,414
Ocwen Loan Investment Trust Series 2025-HB1 Class A, 3% 6/25/2038 (i)(j)
  
578,900
570,014
Ocwen Loan Investment Trust Series 2025-HB2 Class A, 3% 11/25/2038 (i)(j)
  
377,529
365,939
PRPM LLC Series 2024-RPL2 Class A1, 3.5% 5/25/2054 (i)(j)
  
1,218,552
1,193,746
TOTAL UNITED STATES
  
  
2,789,756
 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
 (Cost $2,727,365)
  
  
  
2,789,756
 
  
  
  
Commercial Mortgage Securities - 0.0%
 
  
Principal
Amount (a)
 
Value ($)
 
UNITED STATES - 0.0%
 
  
  
ALA Trust Series 2025-OANA Class A, CME Term SOFR 1 month Index + 1.7426%, 5.4026% 6/15/2040 (i)(j)(k)
  
3,835,000
3,854,240
Ares Commercial Mortgage Trust Series 2026-GCP Class A, CME Term SOFR 1 month Index + 1.25%, 4.95% 2/15/2043 (i)(j)(k)
  
737,000
737,230
Benchmark Mortgage Trust Series 2019-B9 Class AAB, 3.9325% 3/15/2052
 
1,054,134
1,051,450
BLP Commercial Mortgage Trust Series 2024-IND2 Class A, CME Term SOFR 1 month Index + 1.3422%, 5.0018% 3/15/2041 (i)(j)(k)
  
1,046,833
1,046,833
BMP Series 2024-MF23 Class A, CME Term SOFR 1 month Index + 1.3719%, 5.0316% 6/15/2041 (i)(j)(k)
  
778,000
778,243
BX Commercial Mortgage Trust 2024-XL5 Series 2024-XL5 Class A, CME Term SOFR 1 month Index + 1.3917%, 5.0513% 3/15/2041 (i)(j)(k)
  
3,422,589
3,423,658
BX Commercial Mortgage Trust 2025-SPOT Series 2025-SPOT Class A, CME Term SOFR 1 month Index + 1.4434%, 5.103% 4/15/2040 (i)(j)(k)
  
2,654,648
2,657,966
BX Commercial Mortgage Trust 24-MDHS Series 2024-MDHS Class A, 5.301% 5/15/2041 (i)(j)
  
4,326,618
4,329,322
BX Commercial Mortgage Trust Series 2021-PAC Class A, CME Term SOFR 1 month Index + 0.8036%, 4.4636% 10/15/2036 (i)(j)(k)
  
576,000
574,920
BX Commercial Mortgage Trust Series 2022-LP2 Class A, CME Term SOFR 1 month Index + 1.0129%, 4.6726% 2/15/2039 (i)(j)(k)
  
666,695
666,487
BX Commercial Mortgage Trust Series 2023-XL3 Class A, CME Term SOFR 1 month Index + 1.7614%, 5.4211% 12/9/2040 (i)(j)(k)
  
1,757,512
1,757,512
BX Commercial Mortgage Trust Series 2024-GPA3 Class A, CME Term SOFR 1 month Index + 1.2928%, 4.9525% 12/15/2039 (i)(j)(k)
  
3,316,065
3,317,101
BX Commercial Mortgage Trust Series 2026-XL6 Class A, CME Term SOFR 1 month Index + 1.2%, 4.87% 3/15/2043 (i)(j)(k)
  
2,261,000
2,262,422
BX Trust 2021 Series 2021-LBA Class AJV, CME Term SOFR 1 month Index + 0.9145%, 4.8245% 2/15/2036 (i)(j)(k)
  
1,879,000
1,877,842
BX Trust 2024-CNY Series 2024-CNYN Class A, CME Term SOFR 1 month Index + 1.4419%, 5.1015% 4/15/2041 (i)(j)(k)
  
1,679,025
1,679,549
BX Trust 2025-ROIC Series 2025-ROIC Class A, CME Term SOFR 1 month Index + 1.1438%, 4.8035% 3/15/2030 (i)(j)(k)
  
5,264,628
5,258,049
BX Trust Series 2021-ACNT Class A, CME Term SOFR 1 month Index + 0.9645%, 4.6245% 11/15/2038 (i)(j)(k)
  
915,887
915,601
BX Trust Series 2024-XL4 Class A, CME Term SOFR 1 month Index + 1.442%, 5.1017% 2/15/2039 (i)(j)(k)
  
3,040,892
3,040,892
BX Trust Series 2025-DIME Class A, CME Term SOFR 1 month Index + 1.15%, 4.8097% 2/15/2035 (i)(j)(k)
  
3,020,000
3,015,918
Extended Stay America Trust Series 2025-ESH Class A, CME Term SOFR 1 month Index + 1.3%, 4.9597% 10/15/2042 (i)(j)(k)
  
2,745,000
2,748,431
Extended Stay America Trust Series 2026-ESH2 Class A, CME Term SOFR 1 month Index + 1.2%, 4.87% 2/15/2043 (i)(j)(k)
  
2,529,000
2,529,790
GS Mortgage Securities Trust Series 2017-GS6 Class A2, 3.164% 5/10/2050
 
124,723
123,303
GS Mortgage Securities Trust Series 2017-GS7 Class AAB, 3.203% 8/10/2050
 
1,075,388
1,069,919
HAVN Trust Series 2025-MOB Class A, CME Term SOFR 1 month Index + 1.7%, 5.3597% 10/15/2035 (i)(j)(k)
  
295,000
294,447
Life Financial Services Trust Series 2022-BMR2 Class A1, CME Term SOFR 1 month Index + 1.2952%, 4.9549% 5/15/2039 (i)(j)(k)
  
2,500,000
2,415,625
Plym Commercial Mortgage Trust Series 2026-IND Class A, CME Term SOFR 1 month Index + 1.25%, 4.9% 3/15/2043 (i)(j)(k)
  
3,139,000
3,139,000
Plym Commercial Mortgage Trust Series 2026-IND Class B, CME Term SOFR 1 month Index + 1.45%, 5.1% 3/15/2043 (i)(j)(k)
  
390,000
390,244
SREIT Trust Series 2021-MFP Class A, CME Term SOFR 1 month Index + 0.8453%, 4.5049% 11/15/2038 (i)(j)(k)
  
112,405
112,370
TCO Commercial Mortgage Trust Series 2024-DPM Class A, CME Term SOFR 1 month Index + 1.2429%, 4.9026% 12/15/2039 (i)(j)(k)
  
2,231,000
2,233,791
Wells Fargo Commercial Mortgage Trust Series 2024-GRP Class A, CME Term SOFR 1 month Index + 1.7913%, 5.451% 10/15/2041 (i)(j)(k)
  
1,775,000
1,772,689
Wells Fargo Commerical Mortgage Trust Series 2025-VTT Class A, 5.2704% 3/15/2038 (i)(j)
  
1,017,000
1,026,692
TOTAL UNITED STATES
  
  
60,101,536
 
TOTAL COMMERCIAL MORTGAGE SECURITIES
 (Cost $60,009,836)
  
  
  
60,101,536
 
  
  
  
Common Stocks - 54.7%
 
  
Shares
Value ($)
 
AUSTRALIA - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Anglogold Ashanti Plc
 
49,686
6,348,380
AUSTRIA - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Construction Materials - 0.0%
  
  
  
Wienerberger AG
 
463,813
15,235,552
Containers & Packaging - 0.0%
  
  
  
Mayr Melnhof Karton AG (c)
  
54,300
6,409,672
TOTAL AUSTRIA
  
  
21,645,224
BAHAMAS (NASSAU) - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Diversified Consumer Services - 0.0%
  
  
  
OneSpaWorld Holdings Ltd
 
304,300
6,551,579
BAILIWICK OF GUERNSEY - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Super Group SGHC Ltd
 
363,820
3,892,874
BELGIUM - 0.2%
 
  
  
Health Care - 0.2%
  
  
  
Pharmaceuticals - 0.2%
  
  
  
UCB SA
 
1,118,600
333,474,436
BERMUDA - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Bank of Nt Butterfield & Son Ltd/The (United States) (c)
  
49,522
2,513,242
BRAZIL - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Financial Services - 0.0%
  
  
  
StoneCo Ltd Class A (d)
  
571,200
9,596,160
Health Care - 0.0%
  
  
  
Pharmaceuticals - 0.0%
  
  
  
Hypera SA
 
1,779,100
8,009,681
Hypera SA rights 3/17/2026 (d)
  
198,400
81,272
TOTAL HEALTH CARE
  
  
8,090,953
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Wheaton Precious Metals Corp (United States)
 
121,200
19,834,380
TOTAL BRAZIL
  
  
37,521,493
BURKINA FASO - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
IAMGOLD Corp (United States) (d)
  
265,000
6,511,050
CAMEROON - 0.0%
 
  
  
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
Golar LNG Ltd
 
73,229
3,255,761
CANADA - 0.6%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Mty Food Group Inc (c)
  
152,900
4,640,636
Restaurant Brands International Inc (c)
  
374,500
26,867,469
TOTAL CONSUMER DISCRETIONARY
  
  
31,508,105
Consumer Staples - 0.1%
  
  
  
Consumer Staples Distribution & Retail - 0.1%
  
  
  
Alimentation Couche-Tard Inc
 
2,284,400
138,633,212
Metro Inc/CN
 
170,100
12,119,804
TOTAL CONSUMER STAPLES
  
  
150,753,016
Energy - 0.5%
  
  
  
Oil, Gas & Consumable Fuels - 0.5%
  
  
  
Athabasca Oil Corp (d)
  
14,361,700
92,863,307
Canadian Natural Resources Ltd (United States)
 
2,075,800
90,857,766
Cenovus Energy Inc
 
641,680
14,296,143
Imperial Oil Ltd (c)
  
4,059,000
474,772,516
Imperial Oil Ltd (United States) (c)
  
960,900
112,713,570
Parex Resources Inc (c)
  
1,913,900
29,942,177
TOTAL ENERGY
  
  
815,445,479
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Xenon Pharmaceuticals Inc (d)
  
2,042,525
88,298,356
Industrials - 0.0%
  
  
  
Aerospace & Defense - 0.0%
  
  
  
Bombardier Inc Class B (d)
  
399,500
82,559,331
Electrical Equipment - 0.0%
  
  
  
Electrovaya Inc (United States) (d)
  
114,690
867,056
TOTAL INDUSTRIALS
  
  
83,426,387
Information Technology - 0.0%
  
  
  
Software - 0.0%
  
  
  
D-Wave Quantum Inc (c)(d)
  
58,800
1,104,263
Materials - 0.0%
  
  
  
Chemicals - 0.0%
  
  
  
Nutrien Ltd (United States) (c)
  
826,300
62,030,341
Metals & Mining - 0.0%
  
  
  
Altius Minerals Corp
 
356,600
12,598,185
McEwen Inc (c)(d)
  
314,800
8,924,580
Triple Flag Precious Metals Corp (United States)
 
118,800
4,913,568
 
  
  
26,436,333
Paper & Forest Products - 0.0%
  
  
  
Stella-Jones Inc
 
39,600
2,717,610
TOTAL MATERIALS
  
  
91,184,284
Utilities - 0.0%
  
  
  
Gas Utilities - 0.0%
  
  
  
Brookfield Infrastructure Corp (United States) (c)
  
176,208
8,789,255
TOTAL CANADA
  
  
1,270,509,145
CHINA - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Broadline Retail - 0.0%
  
  
  
Prosus NV Class N
 
802,200
41,233,433
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
Shenzhou International Group Holdings Ltd
 
501,200
4,058,468
TOTAL CONSUMER DISCRETIONARY
  
  
45,291,901
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
China Petroleum & Chemical Corp H Shares
 
5,988,000
4,171,409
Health Care - 0.0%
  
  
  
Health Care Providers & Services - 0.0%
  
  
  
Sinopharm Group Co Ltd H Shares
 
4,280,000
11,565,202
Industrials - 0.0%
  
  
  
Transportation Infrastructure - 0.0%
  
  
  
Qingdao Port International Co Ltd H Shares (h)(i)
  
4,142,814
4,003,333
Information Technology - 0.0%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Kingboard Holdings Ltd
 
436,500
2,260,778
TOTAL CHINA
  
  
67,292,623
DENMARK - 0.0%
 
  
  
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Ascendis Pharma A/S ADR (d)
  
132,000
30,822,000
FINLAND - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
Amer Sports Inc (d)
  
633,500
24,060,330
FRANCE - 0.1%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
Orange SA
 
1,761,200
37,940,753
Media - 0.0%
  
  
  
IPSOS SA
 
84,000
3,420,307
TOTAL COMMUNICATION SERVICES
  
  
41,361,060
Consumer Discretionary - 0.1%
  
  
  
Automobile Components - 0.0%
  
  
  
AKWEL SADIR
 
5,700
50,109
Cie Generale des Etablissements Michelin SCA Series B
 
233,900
9,459,198
 
  
  
9,509,307
Specialty Retail - 0.0%
  
  
  
Maisons du Monde SA (c)(d)(h)(i)
  
415,000
662,972
Textiles, Apparel & Luxury Goods - 0.1%
  
  
  
LVMH Moet Hennessy Louis Vuitton SE
 
99,000
63,263,049
TOTAL CONSUMER DISCRETIONARY
  
  
73,435,328
Consumer Staples - 0.0%
  
  
  
Beverages - 0.0%
  
  
  
Pernod Ricard SA
 
337,400
31,135,440
Food Products - 0.0%
  
  
  
Societe LDC SADIR
 
20,718
2,462,727
TOTAL CONSUMER STAPLES
  
  
33,598,167
Energy - 0.0%
  
  
  
Energy Equipment & Services - 0.0%
  
  
  
Vallourec SACA
 
172,300
4,022,932
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
TotalEnergies SE (United States)
 
245,620
19,733,111
TOTAL ENERGY
  
  
23,756,043
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Amundi SA (h)(i)
  
343,700
32,915,695
Antin Infrastructure Partners SA
 
208,726
2,382,452
TOTAL FINANCIALS
  
  
35,298,147
Industrials - 0.0%
  
  
  
Aerospace & Defense - 0.0%
  
  
  
Airbus SE
 
190,498
41,367,200
Ground Transportation - 0.0%
  
  
  
Stef SA
 
52,034
7,697,718
TOTAL INDUSTRIALS
  
  
49,064,918
Information Technology - 0.0%
  
  
  
IT Services - 0.0%
  
  
  
Sopra Steria Group
 
117,580
18,227,947
TOTAL FRANCE
  
  
274,741,610
GERMANY - 0.1%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobiles - 0.0%
  
  
  
Mercedes-Benz Group AG
 
60,500
4,185,912
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
Birkenstock Holding Plc (c)(d)
  
647,500
26,968,375
TOTAL CONSUMER DISCRETIONARY
  
  
31,154,287
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
BioNTech SE ADR (d)
  
145,000
15,983,350
Industrials - 0.0%
  
  
  
Commercial Services & Supplies - 0.0%
  
  
  
Takkt AG
 
398,854
1,531,679
Machinery - 0.0%
  
  
  
JOST Werke SE (h)(i)
  
89,100
7,085,382
Norma Group SE
 
85,768
1,601,226
 
  
  
8,686,608
Trading Companies & Distributors - 0.0%
  
  
  
Brenntag SE
 
90,200
5,574,151
TOTAL INDUSTRIALS
  
  
15,792,438
Information Technology - 0.1%
  
  
  
Software - 0.1%
  
  
  
SAP SE ADR
 
572,155
115,306,397
TOTAL GERMANY
  
  
178,236,472
GRAND CAYMAN (UK OVERSEAS TER) - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Patria Investments Ltd Class A (c)
  
518,058
6,796,921
GREECE - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Distributors - 0.0%
  
  
  
Autohellas Tourist and Trading SA
 
196,880
2,959,097
Specialty Retail - 0.0%
  
  
  
JUMBO SA
 
310,460
9,104,957
TOTAL CONSUMER DISCRETIONARY
  
  
12,064,054
Consumer Staples - 0.0%
  
  
  
Personal Care Products - 0.0%
  
  
  
Sarantis SA
 
265,608
4,594,653
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Eurobank SA
 
1,525,400
7,065,458
National Bank of Greece SA
 
243,200
3,961,328
TOTAL FINANCIALS
  
  
11,026,786
Industrials - 0.0%
  
  
  
Industrial Conglomerates - 0.0%
  
  
  
Metlen Energy & Metals PLC
 
87,400
3,671,314
TOTAL GREECE
  
  
31,356,807
HONG KONG - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Media - 0.0%
  
  
  
Pico Far East Holdings Ltd
 
1,026,000
385,566
Financials - 0.0%
  
  
  
Consumer Finance - 0.0%
  
  
  
Aeon Credit Service Asia Co Ltd
 
3,004,000
2,995,015
TOTAL HONG KONG
  
  
3,380,581
INDIA - 0.0%
 
  
  
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
Oil & Natural Gas Corp Ltd
 
824,100
2,532,502
Information Technology - 0.0%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Redington Ltd
 
2,000,888
6,165,322
TOTAL INDIA
  
  
8,697,824
IRELAND - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
AIB Group PLC
 
143,200
1,497,465
Bank of Ireland Group PLC
 
274,700
5,367,022
 
  
  
  
TOTAL IRELAND
  
  
6,864,487
ISRAEL - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Broadline Retail - 0.0%
  
  
  
Max Stock Ltd
 
367,700
3,244,343
Information Technology - 0.0%
  
  
  
Semiconductors & Semiconductor Equipment - 0.0%
  
  
  
Nova Ltd (c)(d)
  
10,660
4,678,247
Software - 0.0%
  
  
  
Cellebrite DI Ltd (d)
  
633,620
8,452,491
TOTAL INFORMATION TECHNOLOGY
  
  
13,130,738
TOTAL ISRAEL
  
  
16,375,081
ITALY - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Brembo NV
 
254,500
3,025,215
Brembo NV
 
218,100
2,592,532
TOTAL CONSUMER DISCRETIONARY
  
  
5,617,747
Consumer Staples - 0.0%
  
  
  
Beverages - 0.0%
  
  
  
Coca-Cola HBC AG
 
198,400
12,860,678
Davide Campari-Milano NV (c)
  
2,376,000
17,906,118
 
  
  
30,766,796
Consumer Staples Distribution & Retail - 0.0%
  
  
  
MARR SpA (c)
  
495,000
5,521,380
TOTAL CONSUMER STAPLES
  
  
36,288,176
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Banca Generali SpA
 
128,620
8,335,960
Financial Services - 0.0%
  
  
  
BFF Bank SpA (d)(h)(i)
  
711,400
3,180,793
TOTAL FINANCIALS
  
  
11,516,753
TOTAL ITALY
  
  
53,422,676
JAPAN - 0.1%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Daikyonishikawa Corp
 
619,300
3,743,599
Distributors - 0.0%
  
  
  
Arata Corp
 
146,400
2,887,408
Household Durables - 0.0%
  
  
  
FJ Next Holdings Co Ltd
 
114,900
1,433,261
Specialty Retail - 0.0%
  
  
  
ARCLANDS CORP (c)
  
293,500
3,676,150
TOTAL CONSUMER DISCRETIONARY
  
  
11,740,418
Consumer Staples - 0.0%
  
  
  
Consumer Staples Distribution & Retail - 0.0%
  
  
  
Belc Co Ltd (c)
  
10,700
552,934
G-7 Holdings Inc
 
439,100
4,259,832
YAKUODO Holdings Co Ltd
 
41,300
551,407
 
  
  
5,364,173
Food Products - 0.0%
  
  
  
Pickles Holdings Co Ltd (c)
  
132,000
1,044,741
S Foods Inc (c)
  
207,700
4,256,011
 
  
  
5,300,752
Household Products - 0.0%
  
  
  
Transaction Co Ltd
 
100,800
876,550
TOTAL CONSUMER STAPLES
  
  
11,541,475
Financials - 0.0%
  
  
  
Financial Services - 0.0%
  
  
  
Zenkoku Hosho Co Ltd
 
194,000
3,995,159
Industrials - 0.0%
  
  
  
Air Freight & Logistics - 0.0%
  
  
  
AZ-COM MARUWA Holdings Inc (c)
  
665,200
4,212,742
Building Products - 0.0%
  
  
  
Nihon Dengi Co Ltd
 
77,000
6,010,502
Nihon Flush Co Ltd
 
97,378
536,260
 
  
  
6,546,762
Commercial Services & Supplies - 0.0%
  
  
  
Green Cross Holdings Co Ltd
 
8,700
77,436
Prestige International Inc
 
523,110
2,351,508
 
  
  
2,428,944
Construction & Engineering - 0.0%
  
  
  
Raiznext Corp
 
206,100
3,469,644
Machinery - 0.0%
  
  
  
Daiwa Industries Ltd
 
325,400
3,952,767
Professional Services - 0.0%
  
  
  
Altech Corp
 
59,000
996,651
Creek & River Co Ltd (c)
  
91,800
872,353
Persol Holdings Co Ltd
 
1,919,100
3,069,774
Quick Co Ltd
 
535,500
3,226,751
Will Group Inc
 
187,400
1,554,017
 
  
  
9,719,546
Trading Companies & Distributors - 0.0%
  
  
  
Chori Co Ltd
 
70,700
2,105,177
ITOCHU Corp
 
948,000
13,725,926
Mitani Corp
 
180,200
3,288,637
Totech Corp
 
98,000
2,867,864
 
  
  
21,987,604
TOTAL INDUSTRIALS
  
  
52,318,009
Information Technology - 0.1%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Daiwabo Holdings Co Ltd
 
177,460
3,636,359
Maruwa Co Ltd/Aichi
 
12,900
5,062,031
Riken Keiki Co Ltd
 
36,400
844,939
 
  
  
9,543,329
IT Services - 0.0%
  
  
  
Avant Group Corp
 
185,100
1,690,216
DTS Corp
 
449,200
3,287,776
TDC Soft Inc
 
291,400
2,086,160
 
  
  
7,064,152
Semiconductors & Semiconductor Equipment - 0.1%
  
  
  
Allegro MicroSystems Inc (c)(d)
  
671,760
24,499,087
Disco Corp
 
48,300
23,222,911
Renesas Electronics Corp
 
1,233,400
23,260,453
SUMCO Corp
 
1,316,420
15,405,228
 
  
  
86,387,679
Software - 0.0%
  
  
  
Cresco Ltd
 
579,600
5,708,224
System Research Co Ltd
 
294,000
3,533,686
 
  
  
9,241,910
TOTAL INFORMATION TECHNOLOGY
  
  
112,237,070
Materials - 0.0%
  
  
  
Chemicals - 0.0%
  
  
  
C Uyemura & Co Ltd
 
56,000
7,777,927
Construction Materials - 0.0%
  
  
  
Vertex Corp/Japan
 
69,000
791,336
TOTAL MATERIALS
  
  
8,569,263
Real Estate - 0.0%
  
  
  
Real Estate Management & Development - 0.0%
  
  
  
Arealink Co Ltd
 
346,000
2,842,622
Utilities - 0.0%
  
  
  
Electric Utilities - 0.0%
  
  
  
Kansai Electric Power Co Inc/The
 
953,800
17,241,875
TOTAL JAPAN
  
  
220,485,891
KOREA (SOUTH) - 0.1%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Household Durables - 0.0%
  
  
  
Cuckoo Holdings Co Ltd
 
41,065
846,918
Consumer Staples - 0.0%
  
  
  
Tobacco - 0.0%
  
  
  
KT&G Corp
 
91,269
10,336,908
Health Care - 0.0%
  
  
  
Health Care Equipment & Supplies - 0.0%
  
  
  
InBody Co Ltd
 
31,300
695,517
Value Added Technology Co Ltd
 
80,700
1,532,654
Vieworks Co Ltd
 
111,900
2,024,190
TOTAL HEALTH CARE
  
  
4,252,361
Industrials - 0.0%
  
  
  
Machinery - 0.0%
  
  
  
Hy-Lok Corp (d)
  
70,316
1,877,431
Professional Services - 0.0%
  
  
  
e-Credible Co Ltd
 
47,700
508,109
TOTAL INDUSTRIALS
  
  
2,385,540
Information Technology - 0.1%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
MAKUS Inc
 
251,584
5,669,061
Semiconductors & Semiconductor Equipment - 0.1%
  
  
  
SK Hynix Inc
 
202,710
149,349,557
Technology Hardware, Storage & Peripherals - 0.0%
  
  
  
Samsung Electronics Co Ltd
 
128,620
19,336,585
TOTAL INFORMATION TECHNOLOGY
  
  
174,355,203
Materials - 0.0%
  
  
  
Chemicals - 0.0%
  
  
  
Soulbrain Co Ltd
 
7,840
2,425,365
TOTAL KOREA (SOUTH)
  
  
194,602,295
MALAYSIA - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Chemicals - 0.0%
  
  
  
Scientex BHD
 
2,007,400
1,950,134
MEXICO - 0.0%
 
  
  
Consumer Staples - 0.0%
  
  
  
Food Products - 0.0%
  
  
  
Gruma SAB de CV Series B
 
56,600
1,014,672
Health Care - 0.0%
  
  
  
Pharmaceuticals - 0.0%
  
  
  
Genomma Lab Internacional SAB de CV (c)
  
1,272,200
1,346,662
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Southern Copper Corp (c)
  
8,467
1,848,346
TOTAL MEXICO
  
  
4,209,680
MONACO - 0.0%
 
  
  
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
Scorpio Tankers Inc
 
109,019
8,621,223
NETHERLANDS - 0.2%
 
  
  
Consumer Staples - 0.0%
  
  
  
Consumer Staples Distribution & Retail - 0.0%
  
  
  
Acomo NV
 
110,100
3,512,542
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Van Lanschot Kempen NV depository receipt
 
5,800
387,210
Insurance - 0.0%
  
  
  
ASR Nederland NV
 
84,200
6,112,710
TOTAL FINANCIALS
  
  
6,499,920
Health Care - 0.1%
  
  
  
Biotechnology - 0.1%
  
  
  
Argenx SE ADR (c)(d)
  
112,300
86,125,116
Newamsterdam Pharma Co NV (c)(d)
  
1,559,060
55,284,268
uniQure NV (d)
  
261,500
4,087,245
TOTAL HEALTH CARE
  
  
145,496,629
Industrials - 0.0%
  
  
  
Trading Companies & Distributors - 0.0%
  
  
  
IMCD NV (c)
  
119,100
11,455,305
Information Technology - 0.1%
  
  
  
Semiconductors & Semiconductor Equipment - 0.1%
  
  
  
ASM International NV
 
26,600
22,447,706
ASML Holding NV depository receipt
 
39,200
56,861,952
BE Semiconductor Industries NV
 
236,043
52,825,253
NXP Semiconductors NV
 
304,537
69,132,944
TOTAL INFORMATION TECHNOLOGY
  
  
201,267,855
TOTAL NETHERLANDS
  
  
368,232,251
NORWAY - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Broadline Retail - 0.0%
  
  
  
Europris ASA (h)(i)
  
984,481
9,442,768
Energy - 0.0%
  
  
  
Energy Equipment & Services - 0.0%
  
  
  
Seadrill Ltd (d)
  
125,200
5,493,776
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
SpareBank 1 Nord Norge
 
45,200
757,366
Sparebank 1 Oestlandet (c)
  
266,020
6,001,209
TOTAL FINANCIALS
  
  
6,758,575
Industrials - 0.0%
  
  
  
Construction & Engineering - 0.0%
  
  
  
Multiconsult ASA (c)(h)(i)
  
45,600
760,135
Norconsult Norge AS
 
234,600
1,001,731
TOTAL INDUSTRIALS
  
  
1,761,866
TOTAL NORWAY
  
  
23,456,985
PHILIPPINES - 0.0%
 
  
  
Real Estate - 0.0%
  
  
  
Real Estate Management & Development - 0.0%
  
  
  
Robinsons Land Corp
 
2,929,000
939,278
PORTUGAL - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Containers & Packaging - 0.0%
  
  
  
Corticeira Amorim SGPS SA
 
224,580
1,809,781
PUERTO RICO - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
Liberty Latin America Ltd Class C (d)
  
332,320
2,638,620
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
First BanCorp/Puerto Rico (c)
  
723,739
15,292,605
Popular Inc
 
419,137
56,734,385
 
  
  
72,026,990
Financial Services - 0.0%
  
  
  
EVERTEC Inc
 
1,255,278
35,536,920
TOTAL FINANCIALS
  
  
107,563,910
TOTAL PUERTO RICO
  
  
110,202,530
SINGAPORE - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Specialty Retail - 0.0%
  
  
  
Hour Glass Ltd/The
 
1,687,200
3,281,297
SPAIN - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
Cellnex Telecom SA (h)(i)
  
800,100
30,408,399
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
CIE Automotive SA
 
466,680
17,535,445
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Bankinter SA
 
388,200
6,502,032
Health Care - 0.0%
  
  
  
Pharmaceuticals - 0.0%
  
  
  
Faes Farma SA
 
112,111
688,845
Industrials - 0.0%
  
  
  
Air Freight & Logistics - 0.0%
  
  
  
Logista Integral SA (c)
  
260,900
9,945,095
TOTAL SPAIN
  
  
65,079,816
SWEDEN - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Autoliv Inc
 
237,717
28,174,219
Industrials - 0.0%
  
  
  
Building Products - 0.0%
  
  
  
Inwido AB
 
67,800
1,267,739
Electrical Equipment - 0.0%
  
  
  
AQ Group AB
 
404,800
8,506,199
Machinery - 0.0%
  
  
  
Atlas Copco AB A Shares
 
1,396,400
30,042,518
Beijer Alma AB B Shares
 
232,520
6,400,507
 
  
  
36,443,025
Trading Companies & Distributors - 0.0%
  
  
  
Alligo AB B Shares
 
43,100
652,162
TOTAL INDUSTRIALS
  
  
46,869,125
TOTAL SWEDEN
  
  
75,043,344
SWITZERLAND - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Garrett Motion Inc
 
733,500
14,934,060
Textiles, Apparel & Luxury Goods - 0.0%
  
  
  
On Holding AG Class A (d)
  
130,800
6,079,584
TOTAL CONSUMER DISCRETIONARY
  
  
21,013,644
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Vontobel Holding AG
 
27,634
2,523,128
Industrials - 0.0%
  
  
  
Trading Companies & Distributors - 0.0%
  
  
  
Bossard Holding AG Series A
 
4,612
994,562
Information Technology - 0.0%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
TE Connectivity PLC
 
11,366
2,615,885
TOTAL SWITZERLAND
  
  
27,147,219
TAIWAN - 0.4%
 
  
  
Information Technology - 0.4%
  
  
  
Electronic Equipment, Instruments & Components - 0.1%
  
  
  
Chroma ATE Inc
 
2,438,000
107,263,916
Delta Electronics Inc
 
3,640,000
165,950,392
Thinking Electronic Industrial Co Ltd
 
202,000
1,220,398
 
  
  
274,434,706
Semiconductors & Semiconductor Equipment - 0.3%
  
  
  
Jentech Precision Industrial Co Ltd
 
432,000
42,971,370
Silicon Motion Technology Corp ADR
 
34,980
4,520,465
Sitronix Technology Corp
 
21,000
133,233
Taiwan Semiconductor Manufacturing Co Ltd
 
2,739,000
170,064,081
Taiwan Semiconductor Manufacturing Co Ltd ADR
 
1,307,100
489,613,519
Topco Scientific Co Ltd
 
574,455
6,382,630
 
  
  
713,685,298
Technology Hardware, Storage & Peripherals - 0.0%
  
  
  
TSC Auto ID Technology Co Ltd
 
48,290
304,834
TOTAL TAIWAN
  
  
988,424,838
THAILAND - 0.1%
 
  
  
Information Technology - 0.1%
  
  
  
Electronic Equipment, Instruments & Components - 0.1%
  
  
  
Fabrinet (d)
  
219,350
119,683,941
UNITED KINGDOM - 0.6%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Broadline Retail - 0.0%
  
  
  
B&M European Value Retail SA
 
4,674,700
12,032,732
Distributors - 0.0%
  
  
  
Inchcape PLC
 
1,809,589
21,667,784
Diversified Consumer Services - 0.0%
  
  
  
ME Group International PLC
 
1,995,283
3,673,096
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Hollywood Bowl Group PLC
 
696,700
2,492,800
Household Durables - 0.0%
  
  
  
Barratt Redrow PLC
 
1,054,371
5,162,047
Vistry Group PLC (d)
  
750,563
7,050,129
 
  
  
12,212,176
Specialty Retail - 0.0%
  
  
  
Dunelm Group PLC
 
331,900
4,508,633
JD Sports Fashion PLC
 
3,352,554
3,703,913
Pets at Home Group Plc
 
3,113,800
8,745,116
 
  
  
16,957,662
TOTAL CONSUMER DISCRETIONARY
  
  
69,036,250
Consumer Staples - 0.2%
  
  
  
Beverages - 0.1%
  
  
  
Diageo PLC
 
5,213,600
116,922,970
Diageo PLC ADR (c)
  
522,705
46,782,097
 
  
  
163,705,067
Tobacco - 0.1%
  
  
  
British American Tobacco PLC
 
71,614
4,471,964
British American Tobacco PLC ADR
 
3,534,000
221,405,100
Imperial Brands PLC
 
225,665
10,107,280
 
  
  
235,984,344
TOTAL CONSUMER STAPLES
  
  
399,689,411
Energy - 0.0%
  
  
  
Energy Equipment & Services - 0.0%
  
  
  
TechnipFMC PLC
 
625,368
41,468,152
Financials - 0.1%
  
  
  
Capital Markets - 0.0%
  
  
  
3i Group PLC
 
138,300
6,178,674
Marex Group PLC
 
748,000
32,508,080
Rathbones Group PLC
 
639,340
19,515,388
 
  
  
58,202,142
Insurance - 0.1%
  
  
  
Aviva PLC
 
416,520
3,850,677
Hiscox Ltd
 
3,190,823
66,565,743
 
  
  
70,416,420
TOTAL FINANCIALS
  
  
128,618,562
Health Care - 0.1%
  
  
  
Pharmaceuticals - 0.1%
  
  
  
Astrazeneca PLC (United States)
 
1,245,960
259,720,362
Industrials - 0.1%
  
  
  
Aerospace & Defense - 0.1%
  
  
  
QinetiQ Group PLC
 
357,000
2,429,611
Rolls-Royce Holdings PLC
 
4,710,000
84,695,596
 
  
  
87,125,207
Commercial Services & Supplies - 0.0%
  
  
  
Mitie Group PLC
 
2,786,149
6,781,085
Industrial Conglomerates - 0.0%
  
  
  
DCC PLC
 
368,800
25,770,141
Machinery - 0.0%
  
  
  
Bodycote PLC
 
251,076
2,639,228
Passenger Airlines - 0.0%
  
  
  
JET2 PLC
 
440,585
7,457,555
Professional Services - 0.0%
  
  
  
Wilmington PLC
 
114,400
439,387
Trading Companies & Distributors - 0.0%
  
  
  
RS GROUP PLC
 
2,114,491
19,847,421
TOTAL INDUSTRIALS
  
  
150,060,024
Real Estate - 0.0%
  
  
  
Real Estate Management & Development - 0.0%
  
  
  
Savills PLC
 
508,200
6,944,639
Utilities - 0.1%
  
  
  
Multi-Utilities - 0.1%
  
  
  
National Grid PLC
 
9,087,120
169,989,416
TOTAL UNITED KINGDOM
  
  
1,225,526,816
UNITED STATES - 52.1%
 
  
  
Communication Services - 5.0%
  
  
  
Diversified Telecommunication Services - 0.2%
  
  
  
AST SpaceMobile Inc Class A (c)(d)
  
371,300
29,403,247
AT&T Inc
 
7,965,086
223,102,060
Comcast Corp Class A
 
6,579,069
203,687,976
IDT Corp Class B
 
59,396
3,026,226
Lumen Technologies Inc (d)
  
694,500
4,937,895
Verizon Communications Inc
 
1,383,516
69,369,492
 
  
  
533,526,896
Entertainment - 0.6%
  
  
  
Cinemark Holdings Inc
 
461,040
13,019,770
Electronic Arts Inc
 
149,386
29,962,350
IMAX Corp (d)
  
454,800
19,479,084
Live Nation Entertainment Inc (d)
  
6,100
989,054
Netflix Inc (d)
  
5,066,077
487,559,250
Playtika Holding Corp
 
113,089
349,445
ROBLOX Corp Class A (d)
  
2,360,883
162,098,227
Roku Inc Class A (d)
  
752,426
74,046,243
Spotify Technology SA (d)
  
135,900
69,980,346
Take-Two Interactive Software Inc (d)
  
6,710
1,419,031
TKO Group Holdings Inc Class A
 
2,561
573,331
Walt Disney Co/The
 
3,781,235
400,962,159
Warner Bros Discovery Inc (d)
  
664,944
18,731,472
 
  
  
1,279,169,762
Interactive Media & Services - 3.9%
  
  
  
Alphabet Inc Class A
 
10,872,032
3,389,464,697
Alphabet Inc Class C
 
9,436,333
2,938,757,186
Angi Inc Class A (c)(d)
  
101,536
789,950
Cars.com Inc (d)
  
1,148,500
9,808,190
IAC Inc Class A (d)
  
7,703
295,179
Match Group Inc
 
9,120
288,192
Meta Platforms Inc Class A
 
3,319,716
2,151,773,517
Pinterest Inc Class A (d)
  
1,031,648
17,672,130
Yelp Inc Class A (d)
  
172,870
3,853,272
 
  
  
8,512,702,313
Media - 0.2%
  
  
  
Charter Communications Inc Class A (c)(d)
  
3,400
797,742
DoubleVerify Holdings Inc (d)
  
72,895
768,313
EchoStar Corp Class A (c)(d)
  
1,181,200
136,464,036
Fox Corp Class A
 
950,049
53,525,761
Fox Corp Class B
 
5,735
296,671
New York Times Co/The Class A
 
707,800
56,475,362
News Corp Class A
 
107,526
2,611,806
News Corp Class B (c)
  
363,847
9,743,823
Nexstar Media Group Inc
 
82,237
20,643,132
Omnicom Group Inc (c)
  
971,723
82,878,255
Paramount Skydance Corp Class B
 
12,007
162,215
Sirius XM Holdings Inc (c)
  
73,967
1,624,315
TEGNA Inc
 
464,235
9,725,723
Trade Desk Inc (The) Class A (d)
  
17,011
405,202
Versant Media Group Inc Class A
 
296,793
9,889,143
 
  
  
386,011,499
Wireless Telecommunication Services - 0.1%
  
  
  
Array Digital Infrastructure Inc (c)
  
41,297
2,012,403
T-Mobile US Inc
 
1,476,833
320,605,676
 
  
  
322,618,079
TOTAL COMMUNICATION SERVICES
  
  
11,034,028,549
Consumer Discretionary - 4.7%
  
  
  
Automobile Components - 0.1%
  
  
  
Aptiv PLC (d)
  
265,248
19,506,338
BorgWarner Inc
 
416,361
23,969,903
Gentex Corp
 
633,411
14,821,817
LCI Industries
 
573,930
76,447,476
Lear Corp (c)
  
233,389
30,632,306
Patrick Industries Inc
 
144,900
17,937,171
Phinia Inc
 
112,266
8,153,880
 
  
  
191,468,891
Automobiles - 0.6%
  
  
  
Ford Motor Co
 
6,396,913
90,132,504
General Motors Co
 
2,534,723
199,508,047
Harley-Davidson Inc (c)
  
224,948
4,049,064
Tesla Inc (d)(e)
  
2,416,032
972,477,041
 
  
  
1,266,166,656
Broadline Retail - 1.6%
  
  
  
Amazon.com Inc (d)(e)
  
16,502,728
3,465,572,880
eBay Inc
 
71,514
6,497,762
Etsy Inc (d)
  
541,400
29,712,032
 
  
  
3,501,782,674
Distributors - 0.0%
  
  
  
Genuine Parts Co
 
5,374
640,903
GigaCloud Technology Inc Class A (d)
  
428,164
18,984,792
LKQ Corp
 
616,900
20,425,559
Pool Corp
 
1,266
287,610
 
  
  
40,338,864
Diversified Consumer Services - 0.2%
  
  
  
ADT Inc
 
2,393,435
19,195,349
Carriage Services Inc
 
508,550
23,428,899
Covista Inc (d)
  
258,529
25,335,842
Duolingo Inc Class A (c)(d)
  
506,057
51,111,757
Grand Canyon Education Inc (d)
  
178,329
28,366,794
H&R Block Inc
 
2,492,494
76,320,166
Laureate Education Inc (d)
  
2,394,417
77,435,446
Service Corp International/US
 
1,181,496
99,458,333
Stride Inc (c)(d)
  
183,807
15,509,634
 
  
  
416,162,220
Hotels, Restaurants & Leisure - 0.7%
  
  
  
Airbnb Inc Class A (d)
  
719,286
97,182,731
Aramark
 
507,791
21,251,053
Booking Holdings Inc
 
22,136
93,842,252
Boyd Gaming Corp
 
171,227
14,251,223
Brightstar Lottery PLC
 
1,284,357
17,415,881
Brinker International Inc (d)
  
138,627
20,544,521
Carnival Corp
 
3,249,071
102,508,190
Cava Group Inc (c)(d)
  
225,500
18,596,985
Cheesecake Factory Inc/The (c)
  
695,400
45,048,012
Chipotle Mexican Grill Inc (d)
  
1,361,885
50,689,360
Churchill Downs Inc
 
288,900
26,558,577
Darden Restaurants Inc
 
4,494
961,042
Domino's Pizza Inc
 
159,101
64,039,744
DoorDash Inc Class A (d)
  
96,342
17,001,473
DraftKings Inc Class A (d)
  
942,200
22,462,048
Dutch Bros Inc Class A (d)
  
1,795,789
96,272,248
Expedia Group Inc Class A
 
428,262
92,371,831
Flutter Entertainment PLC (c)(d)
  
452,197
47,996,190
Hilton Worldwide Holdings Inc
 
487,766
152,075,683
Kura Sushi USA Inc Class A (c)(d)
  
26,079
1,836,744
Las Vegas Sands Corp
 
11,754
666,687
Life Time Group Holdings Inc (d)
  
210,238
5,676,426
Lindblad Expeditions Holdings Inc (d)
  
323,820
6,382,492
Marriott International Inc/MD Class A1
 
391,405
133,754,831
McDonald's Corp
 
132,236
45,100,410
MGM Resorts International (d)
  
7,925
292,115
Monarch Casino & Resort Inc
 
35,841
3,444,320
Norwegian Cruise Line Holdings Ltd (d)
  
17,588
436,007
Penn Entertainment Inc (d)
  
82,894
1,296,462
Planet Fitness Inc Class A (d)
  
212,000
17,415,800
Red Rock Resorts Inc Class A
 
66,560
4,030,208
Royal Caribbean Cruises Ltd
 
9,798
3,046,786
Starbucks Corp
 
981,283
96,185,360
Wendy's Co/The (c)
  
412,322
3,158,387
Wingstop Inc
 
89,648
23,264,552
Wyndham Hotels & Resorts Inc
 
306,700
25,088,060
Wynn Resorts Ltd
 
107,262
11,604,676
Yum! Brands Inc
 
361,227
60,743,932
 
  
  
1,444,493,299
Household Durables - 0.4%
  
  
  
Cavco Industries Inc (d)
  
27,460
15,851,560
Champion Homes Inc (d)
  
17,000
1,589,159
Cricut Inc Class A (c)
  
140,187
602,803
DR Horton Inc
 
242,280
38,859,289
Garmin Ltd
 
45,414
11,482,022
Installed Building Products Inc
 
65,844
21,581,029
KB Home (c)
  
471,282
29,964,110
Lennar Corp Class A
 
249,935
28,582,567
M/I Homes Inc (d)
  
131,572
18,704,276
Meritage Homes Corp
 
326,400
24,617,088
Mohawk Industries Inc (d)
  
367,300
46,011,671
Newell Brands Inc (c)
  
136,263
619,996
NVR Inc (d)
  
578
4,345,283
PulteGroup Inc
 
1,255,065
172,194,918
Somnigroup International Inc
 
3,039,513
272,066,809
Taylor Morrison Home Corp (d)
  
427,263
28,152,359
Toll Brothers Inc
 
631,361
99,275,204
TopBuild Corp (d)
  
66,289
29,717,359
Tri Pointe Homes Inc (d)
  
163,400
7,565,420
Whirlpool Corp (c)
  
523,152
35,799,291
 
  
  
887,582,213
Leisure Products - 0.1%
  
  
  
BRP Inc Subordinate Voting Shares
 
25,100
1,840,292
Brunswick Corp/DE
 
82,100
6,536,802
Hasbro Inc
 
1,096,223
109,172,849
Latham Group Inc (d)
  
421,100
2,825,581
 
  
  
120,375,524
Specialty Retail - 0.9%
  
  
  
Abercrombie & Fitch Co Class A (d)
  
67,740
6,624,972
Academy Sports & Outdoors Inc
 
1,330,134
79,980,957
Advance Auto Parts Inc (c)
  
215,500
11,458,135
AutoNation Inc (d)
  
33,368
6,512,099
AutoZone Inc (d)
  
643
2,414,838
Bath & Body Works Inc
 
1,405,558
31,990,500
Best Buy Co Inc
 
67,306
4,170,953
Bob's Discount Furniture Inc
 
891,302
18,931,254
Boot Barn Holdings Inc (d)
  
21,720
4,109,858
Buckle Inc/The
 
86,919
4,654,512
Caleres Inc
 
641,992
7,633,285
CarMax Inc (d)
  
19,397
837,367
Carvana Co Class A (d)
  
5,464
1,825,850
Chewy Inc Class A (d)
  
67,758
1,857,924
Dick's Sporting Goods Inc
 
652,977
132,965,707
Five Below Inc (d)
  
110,335
24,663,183
Floor & Decor Holdings Inc Class A (d)
  
337,100
23,290,239
Gap Inc/The
 
1,348,140
37,801,846
Home Depot Inc/The
 
870,187
331,297,595
Lithia Motors Inc Class A (c)
  
181,851
50,841,903
Lowe's Cos Inc
 
2,631,766
696,286,331
Monro Inc (c)
  
86,526
1,862,905
Murphy USA Inc
 
182,378
71,262,380
O'Reilly Automotive Inc (d)
  
32,611
3,061,521
RH (d)
  
99,122
16,425,507
Ross Stores Inc
 
1,640,382
337,328,154
Signet Jewelers Ltd (c)
  
402,720
38,737,637
TJX Cos Inc/The
 
318,778
51,533,651
Tractor Supply Co
 
20,414
1,058,262
Ulta Beauty Inc (d)
  
100,187
68,607,056
Urban Outfitters Inc (d)
  
219,900
14,557,380
Valvoline Inc (c)(d)
  
292,300
11,048,940
Williams-Sonoma Inc
 
4,705
967,583
 
  
  
2,096,600,284
Textiles, Apparel & Luxury Goods - 0.1%
  
  
  
Crocs Inc (d)
  
211,300
19,167,023
Deckers Outdoor Corp (d)
  
5,631
660,347
Lululemon Athletica Inc (d)
  
416,169
77,062,014
NIKE Inc Class B
 
1,695,859
105,448,514
Oxford Industries Inc (c)
  
286,834
11,355,758
PVH Corp
 
335,449
23,011,801
Ralph Lauren Corp Class A
 
20,119
7,295,149
Steven Madden Ltd
 
641,543
23,159,702
Tapestry Inc
 
187,906
29,213,746
VF Corp
 
648,400
12,591,928
Wolverine World Wide Inc
 
1,276,339
22,552,910
 
  
  
331,518,892
TOTAL CONSUMER DISCRETIONARY
  
  
10,296,489,517
Consumer Staples - 3.1%
  
  
  
Beverages - 0.9%
  
  
  
Boston Beer Co Inc/The Class A (c)(d)
  
8,340
1,891,344
Brown-Forman Corp Class A
 
68,735
2,018,059
Brown-Forman Corp Class B (c)
  
2,142,475
61,831,829
Celsius Holdings Inc (d)
  
141,900
7,607,259
Coca-Cola Co/The
 
8,943,164
729,404,456
Coca-Cola Consolidated Inc
 
218,371
44,198,290
Constellation Brands Inc Class A
 
991,519
156,521,189
Keurig Dr Pepper Inc
 
20,499,284
620,718,320
Molson Coors Beverage Co Class B (c)
  
215,274
10,546,273
Monster Beverage Corp (d)
  
864,205
73,716,687
National Beverage Corp (d)
  
67,630
2,458,351
PepsiCo Inc
 
611,582
103,809,929
Primo Brands Corp Class A (c)
  
2,889,039
65,523,405
Vita Coco Co Inc/The (d)
  
155,100
9,005,106
 
  
  
1,889,250,497
Consumer Staples Distribution & Retail - 0.9%
  
  
  
Albertsons Cos Inc Class A
 
975,200
17,456,080
BJ's Wholesale Club Holdings Inc (c)(d)
  
762,376
75,315,125
Casey's General Stores Inc
 
23,300
15,974,247
Costco Wholesale Corp
 
270,322
273,238,774
Dollar General Corp
 
55,542
8,677,882
Dollar Tree Inc (d)
  
1,556,236
196,832,729
Grocery Outlet Holding Corp (c)(d)
  
1,665,431
16,454,458
Ingles Markets Inc Class A
 
39,046
3,322,815
Kroger Co/The
 
3,612,336
246,505,809
Maplebear Inc (d)
  
378,959
14,214,752
Performance Food Group Co (d)
  
939,700
91,207,282
PriceSmart Inc
 
72,689
11,239,173
Sprouts Farmers Market Inc (d)
  
1,502,092
110,959,536
Sysco Corp
 
356,855
32,530,902
Target Corp
 
1,883,620
214,337,120
US Foods Holding Corp (d)
  
1,762,069
170,233,486
Village Super Market Inc Class A
 
18,330
717,620
Walmart Inc
 
3,623,640
463,644,738
 
  
  
1,962,862,528
Food Products - 0.2%
  
  
  
Archer-Daniels-Midland Co
 
18,566
1,281,797
Armanino Foods of Distinction Inc
 
445,000
4,969,315
Bunge Global SA
 
5,229
630,879
Calavo Growers Inc
 
48,408
1,299,271
Campbell's Company/The (c)
  
7,591
204,576
Conagra Brands Inc
 
18,481
355,759
Darling Ingredients Inc (d)
  
83,480
4,437,797
Freshpet Inc (d)
  
85,900
7,254,255
General Mills Inc
 
241,495
10,922,819
Hershey Co/The
 
11,103
2,623,417
Hormel Foods Corp
 
11,262
288,306
Ingredion Inc
 
97,300
11,428,858
JM Smucker Co
 
4,122
477,946
Kraft Heinz Co/The
 
77,092
1,897,234
Lamb Weston Holdings Inc
 
361,384
17,415,095
Marzetti Company/The
 
58,879
9,676,175
McCormick & Co Inc/MD
 
691,384
49,115,919
Mondelez International Inc
 
3,985,251
245,411,757
Post Holdings Inc (d)
  
72,900
7,749,270
Simply Good Foods Co/The (d)
  
154,880
2,642,253
Smithfield Foods Inc
 
328,574
8,174,921
Tootsie Roll Industries Inc Class A
 
50,445
2,130,292
Tyson Foods Inc Class A
 
10,935
710,666
 
  
  
391,098,577
Household Products - 0.5%
  
  
  
Church & Dwight Co Inc
 
118,788
12,456,110
Clorox Co/The
 
4,713
599,305
Colgate-Palmolive Co
 
1,239,141
122,848,439
Energizer Holdings Inc (c)
  
167,400
3,614,166
Kimberly-Clark Corp
 
143,821
16,027,412
Procter & Gamble Co/The
 
5,380,483
899,616,758
Reynolds Consumer Products Inc
 
157,846
3,916,159
WD-40 Co
 
39,060
9,304,092
 
  
  
1,068,382,441
Personal Care Products - 0.2%
  
  
  
elf Beauty Inc (d)
  
52,900
4,869,445
Estee Lauder Cos Inc/The Class A
 
1,347,762
147,539,506
Kenvue Inc
 
20,713,064
396,033,784
 
  
  
548,442,735
Tobacco - 0.4%
  
  
  
Altria Group Inc
 
450,341
31,091,543
Philip Morris International Inc
 
4,993,252
932,889,271
Turning Point Brands Inc
 
82,121
11,249,756
 
  
  
975,230,570
TOTAL CONSUMER STAPLES
  
  
6,835,267,348
Energy - 2.6%
  
  
  
Energy Equipment & Services - 0.1%
  
  
  
Archrock Inc
 
50,180
1,772,859
Baker Hughes Co Class A
 
226,645
14,790,853
Cactus Inc Class A
 
436,683
23,580,882
Expro Group Holdings NV (d)
  
436,292
7,792,175
Flowco Holdings Inc Class A
 
696,537
15,713,875
Halliburton Co
 
32,515
1,170,540
Innovex International Inc (c)(d)
  
115,200
3,035,520
Kodiak Gas Services Inc
 
138,120
7,537,208
SLB Ltd
 
797,016
40,918,802
Solaris Energy Infrastructure Inc Class A
 
277,810
13,787,710
WaterBridge Infrastructure LLC Class A (c)
  
125,600
3,324,632
Weatherford International PLC
 
156,984
16,555,533
 
  
  
149,980,589
Oil, Gas & Consumable Fuels - 2.5%
  
  
  
Antero Midstream Corp
 
966,583
21,728,786
Antero Resources Corp (d)
  
5,223,019
192,259,329
APA Corp
 
714,802
21,708,537
Cheniere Energy Inc
 
177,824
41,918,452
Chevron Corp
 
1,254,513
234,292,848
Chord Energy Corp
 
477,017
51,694,332
Comstock Resources Inc (c)(d)
  
103,600
2,031,596
ConocoPhillips
 
4,450,181
504,917,536
Core Natural Resources Inc
 
308,965
25,359,847
Coterra Energy Inc
 
29,415
899,804
CVR Energy Inc (c)(d)
  
93,800
2,266,208
Devon Energy Corp
 
425,529
18,523,277
Diamondback Energy Inc
 
980,001
170,598,574
Dorian LPG Ltd
 
105,841
3,915,059
DT Midstream Inc
 
188,988
26,239,094
Energy Transfer LP
 
934,000
17,596,560
EOG Resources Inc
 
429,765
53,325,241
EQT Corp
 
24,110
1,480,836
Excelerate Energy Inc Class A
 
803,616
32,345,544
Expand Energy Corp
 
80,752
8,714,756
Exxon Mobil Corp
 
17,090,351
2,606,278,528
Gulfport Energy Corp (d)
  
104,420
21,788,277
Kinder Morgan Inc
 
5,943,421
197,737,617
Marathon Petroleum Corp
 
11,613
2,301,813
Murphy Oil Corp
 
2,832,700
93,904,005
Northern Oil & Gas Inc (c)
  
517,900
14,288,861
Occidental Petroleum Corp
 
86,124
4,571,462
ONEOK Inc
 
24,310
2,012,139
Ovintiv Inc
 
4,451,228
225,187,625
PBF Energy Inc Class A (c)
  
104,700
3,727,320
Permian Resources Holdings Inc/DE Class A
 
699,700
12,797,513
Phillips 66
 
325,366
50,213,735
Range Resources Corp
 
581,100
23,987,808
Shell PLC
 
697,856
29,228,215
Shell PLC ADR
 
9,669,284
807,481,908
Shell PLC rights (d)(g)
  
686,256
255,287
Sunococorp LLC
 
234,612
14,050,913
Talos Energy Inc (c)(d)
  
176,100
2,157,225
Targa Resources Corp
 
8,293
1,955,489
Texas Pacific Land Corp
 
2,237
1,172,836
Unit Corp
 
23,700
801,296
Uranium Energy Corp (c)(d)
  
87,580
1,342,601
Valero Energy Corp
 
340,984
69,778,966
Williams Cos Inc/The
 
237,762
17,765,577
 
  
  
5,636,603,232
TOTAL ENERGY
  
  
5,786,583,821
Financials - 7.8%
  
  
  
Banks - 3.4%
  
  
  
ACNB Corp
 
43,900
2,212,560
Ameris Bancorp
 
51,300
3,983,958
Associated Banc-Corp
 
454,503
12,003,424
Axos Financial Inc (d)
  
1,084,861
94,187,632
Bancorp Inc/The (d)
  
343,729
18,042,335
Bank of America Corp (e)
  
31,704,769
1,579,848,639
Bar Harbor Bankshares
 
77,400
2,496,924
BOK Financial Corp
 
211,150
26,545,778
Byline Bancorp Inc
 
89,640
2,796,768
Camden National Corp
 
157,968
7,291,803
Central BanCo Inc
 
89,200
2,154,180
Citigroup Inc
 
3,497,440
385,382,914
Citizens Financial Group Inc
 
53,419
3,215,290
Community Financial System Inc
 
106,059
6,421,872
Connectone Bancorp  Inc
 
109,910
2,915,912
CVB Financial Corp
 
299,040
5,750,539
East West Bancorp Inc
 
1,114,623
121,995,487
Eastern Bankshares Inc
 
4,673,769
91,418,922
Esquire Financial Holdings Inc
 
19,373
1,956,286
Fifth Third Bancorp
 
34,748
1,718,984
First Bancorp/Southern Pines NC
 
99,700
5,661,963
First Hawaiian Inc
 
155,500
3,850,180
First Interstate BancSystem Inc Class A
 
576,180
19,941,590
First Northwest Bancorp
 
79,080
733,071
FNB Corp/PA
 
3,034,203
51,551,109
Hancock Whitney Corp (c)
  
813,874
53,561,048
Hanmi Financial Corp
 
61,185
1,597,540
Huntington Bancshares Inc/OH
 
7,392,315
124,190,892
Independent Bank Corp/MI
 
90,380
3,140,705
JPMorgan Chase & Co (e)
  
2,051,289
616,002,087
KeyCorp
 
8,352,587
173,232,654
M&T Bank Corp
 
2,439,463
529,314,682
Northrim BanCorp Inc
 
63,749
1,497,464
Old National Bancorp/IN
 
7,062,497
163,143,681
Pathward Financial Inc
 
109,563
9,947,225
Pinnacle Financial Partners Inc
 
665,117
60,366,019
Plumas Bancorp
 
145,000
7,293,500
PNC Financial Services Group Inc/The
 
2,166,297
460,013,168
Preferred Bank/Los Angeles CA
 
33,212
2,913,357
QCR Holdings Inc
 
122,544
10,600,056
Regions Financial Corp (c)
  
33,877
942,797
Truist Financial Corp
 
1,758,822
86,727,513
UMB Financial Corp
 
474,678
55,005,687
United Bankshares Inc/WV
 
12,004
495,764
United Community Bank/SC
 
693,384
22,306,163
Univest Financial Corp
 
234,160
7,856,068
US Bancorp
 
9,482,618
518,319,900
Washington Trust Bancorp Inc
 
121,300
4,086,597
Webster Financial Corp
 
410,062
29,577,772
Wells Fargo & Co (e)
  
21,375,335
1,741,021,036
West BanCorp Inc
 
128,100
3,119,235
Western Alliance Bancorp
 
201,280
16,166,810
Wintrust Financial Corp
 
616,340
88,789,940
Zions Bancorp NA
 
23,563
1,349,689
 
  
  
7,246,657,169
Capital Markets - 1.5%
  
  
  
Ameriprise Financial Inc
 
116,799
54,909,546
Ares Management Corp Class A (c)
  
502,839
56,322,996
Artisan Partners Asset Management Inc Class A (c)
  
203,368
8,191,663
Bank of New York Mellon Corp/The
 
2,517,335
299,814,599
Blackrock Inc
 
242,739
258,087,387
Blackstone Inc
 
28,529
3,234,333
Blue Owl Capital Inc Class A (c)
  
16,568,963
174,802,560
Carlyle Group Inc/The
 
787,800
40,957,722
Cboe Global Markets Inc
 
16,471
4,936,688
Charles Schwab Corp/The
 
4,307,343
410,059,054
CME Group Inc Class A
 
124,907
39,907,787
Cohen & Steers Inc
 
79,474
5,314,426
Coinbase Global Inc Class A (d)
  
8,815
1,550,118
Diamond Hill Investment Group Inc
 
7,313
1,256,885
Evercore Inc Class A
 
203,684
62,905,767
FactSet Research Systems Inc
 
1,447
313,723
Federated Hermes Inc Class B
 
572,794
32,082,192
Franklin Resources Inc
 
11,875
315,162
Goldman Sachs Group Inc/The
 
72,743
62,527,701
Hamilton Lane Inc Class A
 
116,745
12,251,220
Houlihan Lokey Inc Class A
 
156,895
25,694,694
Interactive Brokers Group Inc Class A
 
17,206
1,224,894
Intercontinental Exchange Inc
 
881,453
144,672,881
Invesco Ltd
 
338,463
8,888,038
Jefferies Financial Group Inc
 
401,900
17,844,360
KKR & Co Inc Class A
 
2,518,323
220,806,561
Lazard Inc
 
1,451,758
73,458,955
LPL Financial Holdings Inc
 
46,100
13,847,518
MarketAxess Holdings Inc
 
354,366
68,038,272
Moelis & Co Class A
 
214,061
12,706,661
Moody's Corp
 
211,827
101,166,457
Morgan Stanley
 
1,191,266
198,357,702
Morningstar Inc
 
75,705
13,864,614
MSCI Inc
 
7,103
4,061,708
Nasdaq Inc
 
698,827
61,203,269
Northern Trust Corp
 
1,870,874
267,703,361
Perella Weinberg Partners Class A (c)
  
360,070
6,664,896
PJT Partners Inc Class A
 
95,896
14,161,921
Raymond James Financial Inc
 
605,410
92,676,163
Ridgepost Capital Inc Class A (c)
  
305,350
2,464,175
Robinhood Markets Inc Class A (d)
  
30,380
2,304,323
S&P Global Inc
 
69,199
30,577,654
SEI Investments Co
 
426,924
34,717,460
State Street Corp
 
2,426,068
312,040,866
StepStone Group Inc Class A
 
83,670
3,609,524
Stifel Financial Corp
 
520,380
38,534,139
StoneX Group Inc (d)
  
7,168
913,919
T Rowe Price Group Inc
 
8,431
797,825
Victory Capital Holdings Inc Class A (c)
  
84,900
5,873,382
Virtu Financial Inc Class A
 
1,069,400
44,283,854
WisdomTree Inc (c)
  
1,100,900
18,836,399
 
  
  
3,371,737,974
Consumer Finance - 0.2%
  
  
  
Ally Financial Inc
 
209,447
8,260,590
American Express Co
 
92,854
28,682,601
Capital One Financial Corp
 
1,618,841
316,710,053
Dave Inc Class A (d)
  
31,735
6,133,423
EZCORP Inc Class A (d)
  
914,300
24,256,379
FirstCash Holdings Inc
 
272,240
52,485,150
OneMain Holdings Inc
 
341,000
18,761,820
PROG Holdings Inc
 
114,112
4,017,883
SLM Corp
 
2,682,525
50,270,519
Synchrony Financial
 
13,915
961,665
 
  
  
510,540,083
Financial Services - 1.5%
  
  
  
Affirm Holdings Inc Class A (d)
  
1,959,845
92,073,518
Apollo Global Management Inc
 
2,188,241
228,890,009
Berkshire Hathaway Inc Class A (d)
  
78
59,046,000
Berkshire Hathaway Inc Class B (d)(e)
  
1,188,923
600,346,669
Block Inc Class A (d)
  
56,831
3,620,135
Cantaloupe Inc (c)(d)
  
168,629
1,760,487
Corpay Inc (d)
  
545,336
177,288,734
Essent Group Ltd
 
236,200
14,370,408
Fidelity National Information Services Inc
 
391,904
19,971,428
Fiserv Inc (d)
  
736,426
45,871,976
Global Payments Inc
 
610,003
46,640,829
HA Sustainable Infrastructure Capital Inc
 
140,700
5,138,364
International Money Express Inc (d)
  
85,629
1,351,226
Jack Henry & Associates Inc
 
2,796
454,237
Mastercard Inc Class A (e)
  
1,915,768
990,854,367
NMI Holdings Inc (d)
  
366,500
14,407,115
PayPal Holdings Inc
 
659,695
30,484,506
Rocket Cos Inc Class A
 
133,666
2,431,385
Sezzle Inc (c)(d)
  
42,642
3,110,734
Sycamore Partners LLC rights (d)(f)
  
21,165,400
11,429,316
Toast Inc Class A (d)
  
2,738,337
74,783,983
Visa Inc Class A (e)
  
2,355,135
753,972,919
Voya Financial Inc
 
1,229,941
82,258,454
Walker & Dunlop Inc
 
38,420
1,767,704
Western Union Co/The (c)
  
932,096
8,976,084
WEX Inc (d)
  
152,967
22,821,147
 
  
  
3,294,121,734
Insurance - 1.2%
  
  
  
AFLAC Inc
 
48,208
5,444,129
Allstate Corp/The
 
145,091
31,124,921
American Financial Group Inc/OH
 
1,334,539
177,466,996
American Integrity Insurance Group Inc
 
19,767
402,455
American International Group Inc
 
20,846
1,677,895
Amerisafe Inc
 
54,773
1,781,766
Aon PLC
 
8,304
2,785,743
Arch Capital Group Ltd (d)
  
75,735
7,584,860
Arthur J Gallagher & Co
 
1,098,903
250,769,665
Assurant Inc
 
163,550
37,549,445
Baldwin Insurance Group Inc/The Class A (c)(d)
  
3,392,292
78,802,943
Brown & Brown Inc
 
2,131,844
153,109,036
Chubb Ltd
 
1,561,309
532,187,786
Cincinnati Financial Corp
 
6,028
988,471
Erie Indemnity Co Class A (c)
  
74,291
20,016,967
Everest Group Ltd
 
1,622
544,165
Fidelity National Financial Inc
 
603,300
31,902,504
First American Financial Corp
 
559,556
39,230,471
Globe Life Inc
 
348,349
50,601,176
Goosehead Insurance Inc Class A (d)
  
73,156
3,965,055
Hartford Insurance Group Inc/The
 
1,334,842
187,985,799
Heritage Insurance Holdings Inc (d)
  
64,320
1,792,598
Hippo Holdings Inc (d)
  
59,944
1,723,989
Kemper Corp
 
74,603
2,411,169
Kinsale Capital Group Inc (c)
  
63,877
24,890,951
Loews Corp
 
115,658
12,724,693
Marsh & McLennan Cos Inc
 
808,906
151,055,106
Mercury General Corp
 
16,609
1,504,443
MetLife Inc
 
113,197
8,158,108
Primerica Inc
 
213,972
54,276,138
Principal Financial Group Inc
 
135,079
12,889,238
Progressive Corp/The
 
259,707
55,488,998
Prudential Financial Inc
 
97,418
9,583,983
Reinsurance Group of America Inc
 
904,145
195,051,201
RLI Corp
 
251,910
15,699,031
Selective Insurance Group Inc
 
378,380
31,799,055
Stewart Information Services Corp
 
275,500
19,557,745
Travelers Companies Inc/The
 
1,297,026
400,314,105
TWFG Inc Class A (d)
  
107,420
2,185,997
Universal Insurance Holdings Inc
 
73,547
2,586,648
Unum Group
 
716,094
51,365,423
W R Berkley Corp
 
11,598
831,577
Willis Towers Watson PLC
 
276,699
84,440,234
 
  
  
2,756,252,678
Mortgage Real Estate Investment Trusts (REITs) - 0.0%
  
  
  
Annaly Capital Management Inc
 
3,346,200
77,765,688
Rithm Capital Corp
 
890,586
8,950,389
 
  
  
86,716,077
TOTAL FINANCIALS
  
  
17,266,025,715
Health Care - 5.4%
  
  
  
Biotechnology - 1.3%
  
  
  
AbbVie Inc (e)
  
890,061
206,565,357
Alkermes PLC (c)(d)
  
106,710
3,211,971
Alnylam Pharmaceuticals Inc (d)
  
574,448
191,245,228
Amgen Inc
 
20,804
8,075,281
Annexon Inc (d)
  
576,024
3,225,734
Apogee Therapeutics Inc (d)
  
3,100
217,000
Arcellx Inc (d)
  
12,550
1,428,065
Arcus Biosciences Inc (d)
  
5,500
112,035
Avalo Therapeutics Inc (d)
  
105,200
1,841,000
Beam Therapeutics Inc (d)
  
426,898
12,149,517
Biogen Inc (d)
  
1,251,752
240,111,069
BioMarin Pharmaceutical Inc (d)
  
161,641
9,978,099
Blueprint Medicines Corp rights (d)(f)
  
31,550
0
Capricor Therapeutics Inc (c)(d)
  
190,170
5,311,448
Caris Life Sciences Inc (d)
  
2,243,537
45,184,835
Celldex Therapeutics Inc (d)
  
531,499
15,992,805
Centessa Pharmaceuticals PLC ADR (d)
  
800,000
21,488,000
CG oncology Inc (d)
  
345,830
20,334,804
Cogent Biosciences Inc (d)
  
1,302,628
50,607,098
Cytokinetics Inc (c)(d)
  
929,552
57,836,725
CytomX Therapeutics Inc (d)
  
453,100
2,433,147
Day One Biopharmaceuticals Inc (d)
  
402,390
4,265,334
Dianthus Therapeutics Inc (d)
  
2,600
143,494
Disc Medicine Inc (d)
  
1,656,623
110,364,224
Exact Sciences Corp (d)
  
5,400
558,252
Exelixis Inc (d)
  
1,107,262
48,785,964
Gilead Sciences Inc
 
4,562,261
679,548,776
Incyte Corp (d)
  
473,048
47,905,571
Insmed Inc (d)
  
998,186
149,059,115
Janux Therapeutics Inc (d)
  
202,500
2,756,025
Kiniksa Pharmaceuticals International Plc Class A (d)
  
536,683
23,877,027
Kymera Therapeutics Inc (c)(d)
  
202,900
18,534,915
Legend Biotech Corp ADR (c)(d)
  
1,603,880
30,473,720
Madrigal Pharmaceuticals Inc (d)
  
9,400
4,060,800
Mineralys Therapeutics Inc (d)
  
450,000
13,167,000
Moderna Inc (d)
  
813,433
43,575,606
Monte Rosa Therapeutics Inc (d)
  
117,770
2,090,418
Natera Inc (d)
  
66,700
13,876,268
Nurix Therapeutics Inc (d)
  
180,593
2,884,070
Nuvalent Inc Class A (d)
  
788,455
80,382,987
Olema Pharmaceuticals Inc (d)
  
1,000,500
24,212,100
Praxis Precision Medicines Inc (d)
  
98,200
33,068,850
PTC Therapeutics Inc (d)
  
304,379
20,755,604
Regeneron Pharmaceuticals Inc
 
33,791
26,413,411
Rhythm Pharmaceuticals Inc (d)
  
34,100
3,162,093
Scholar Rock Holding Corp (d)
  
83,946
3,716,289
Soleno Therapeutics Inc (c)(d)
  
1,958,130
76,504,139
Stoke Therapeutics Inc (d)
  
81,100
2,952,851
Tango Therapeutics Inc (c)(d)
  
229,800
2,559,972
Travere Therapeutics Inc (d)
  
3,467,825
103,306,507
Ultragenyx Pharmaceutical Inc (d)
  
274,749
6,426,379
United Therapeutics Corp (d)
  
130,512
65,764,997
Upstream Bio Inc (d)
  
164,560
1,263,821
Vaxcyte Inc (d)
  
2,811,087
173,556,511
Veracyte Inc (d)
  
735,000
26,893,650
Vericel Corp (d)
  
64,200
2,290,656
Vertex Pharmaceuticals Inc (d)
  
9,802
4,869,928
Viking Therapeutics Inc (c)(d)
  
318,200
10,767,888
Vir Biotechnology Inc (d)
  
234,590
2,132,423
Viridian Therapeutics Inc (d)
  
1,025,347
30,124,695
Zenas Biopharma Inc (d)
  
732,568
19,303,167
 
  
  
2,813,704,715
Health Care Equipment & Supplies - 0.7%
  
  
  
Abbott Laboratories
 
1,265,909
147,288,512
Alcon AG (United States) (c)
  
692,300
60,354,714
Align Technology Inc (d)
  
2,578
490,078
Baxter International Inc (c)
  
5,777,860
117,695,008
Becton Dickinson & Co
 
86,198
15,212,223
Boston Scientific Corp (d)
  
6,973,981
535,950,440
Cooper Cos Inc/The (d)
  
7,681
642,669
Dexcom Inc (d)
  
15,068
1,106,443
Edwards Lifesciences Corp (d)
  
1,000,976
86,554,395
Electromed Inc (d)
  
20,324
481,678
GE HealthCare Technologies Inc
 
17,599
1,483,068
Haemonetics Corp (d)
  
219,718
13,912,544
Hologic Inc (d)
  
8,599
648,021
ICU Medical Inc (d)
  
30,300
4,562,574
IDEXX Laboratories Inc (d)
  
3,085
2,026,012
Insulet Corp (d)
  
597,369
147,317,169
Intuitive Surgical Inc (d)
  
88,695
44,658,819
iRadimed Corp
 
22,759
2,356,239
iRhythm Technologies Inc (d)
  
21,650
2,895,688
Kestra Medical Technologies Ltd (d)
  
450,000
10,476,000
Lantheus Holdings Inc (d)
  
932,730
69,870,804
LeMaitre Vascular Inc
 
60,101
6,501,726
LivaNova PLC (d)
  
135,500
9,566,300
Masimo Corp (d)
  
245,408
43,032,293
Medline Inc Class A
 
400,000
19,004,000
Medtronic PLC
 
403,934
39,448,194
Merit Medical Systems Inc (d)
  
236,820
18,277,768
Penumbra Inc (d)
  
93,000
32,028,270
ResMed Inc
 
5,639
1,445,050
Solventum Corp (d)
  
605,274
44,911,331
STERIS PLC
 
3,792
956,911
Stryker Corp
 
113,297
43,898,056
Tandem Diabetes Care Inc (d)
  
476,900
12,065,570
Teleflex Inc
 
127,537
15,567,166
TransMedics Group Inc (c)(d)
  
380,014
55,200,834
Utah Medical Products Inc
 
8,600
572,846
ViewRay Inc (c)(d)
  
788,420
0
Zimmer Biomet Holdings Inc
 
7,656
753,657
 
  
  
1,609,213,070
Health Care Providers & Services - 1.0%
  
  
  
Addus HomeCare Corp (d)
  
86,200
8,924,286
Alignment Healthcare Inc (d)
  
1,060,000
20,373,200
AMN Healthcare Services Inc (d)
  
286,600
5,582,968
BrightSpring Health Services Inc (d)
  
2,011,370
83,331,059
Cardinal Health Inc
 
177,484
40,684,657
Cencora Inc
 
277,490
103,265,129
Centene Corp (d)
  
62,589
2,808,994
Chemed Corp
 
42,052
17,241,741
Cigna Group/The
 
1,983,747
574,929,556
CorVel Corp (d)
  
90,325
4,658,964
CVS Health Corp (e)
  
4,896,967
391,267,663
DaVita Inc (d)
  
1,364
213,193
Elevance Health Inc
 
123,838
39,628,160
Ensign Group Inc/The (c)
  
111,755
23,934,568
Guardant Health Inc (d)
  
128,000
12,019,200
Guardian Pharmacy Services Inc Class A (d)
  
45,799
1,534,724
HCA Healthcare Inc (c)
  
6,171
3,268,779
HealthEquity Inc (c)(d)
  
98,513
7,535,259
Henry Schein Inc (d)
  
392,366
32,327,035
Humana Inc
 
337,225
64,254,852
Labcorp Holdings Inc (c)
  
121,603
35,157,859
LifeStance Health Group Inc (d)
  
2,949,150
21,351,846
McKesson Corp
 
145,542
143,703,805
Molina Healthcare Inc (d)
  
316,286
48,723,858
National Research Corp Class A
 
39,270
526,611
Option Care Health Inc (d)
  
1,151,663
37,382,981
PACS Group Inc (d)
  
386,300
14,103,813
Park Dental Partners Inc
 
7,768
146,504
Pennant Group Inc/The (d)
  
342,820
11,556,462
Privia Health Group Inc (d)
  
1,000,000
23,750,000
Progyny Inc (d)
  
754,301
13,343,585
Quest Diagnostics Inc
 
70,398
14,918,040
Select Medical Holdings Corp
 
314,059
4,701,463
Surgery Partners Inc (d)
  
364,600
5,651,300
Tenet Healthcare Corp (d)
  
223,540
53,513,241
UnitedHealth Group Inc (e)
  
1,289,935
378,299,237
Universal Health Services Inc Class B (c)
  
231,500
47,712,150
 
  
  
2,292,326,742
Health Care Technology - 0.0%
  
  
  
Doximity Inc Class A (d)
  
393,618
9,655,450
HealthStream Inc
 
68,405
1,452,238
Veeva Systems Inc Class A (d)
  
142,899
26,009,047
Waystar Holding Corp (d)
  
2,141,851
54,938,478
 
  
  
92,055,213
Life Sciences Tools & Services - 0.6%
  
  
  
10X Genomics Inc Class A (d)
  
1,558,575
35,925,154
Agilent Technologies Inc
 
10,953
1,329,475
Avantor Inc (d)
  
836,300
7,568,515
Bio-Techne Corp
 
458,424
27,047,016
BioLife Solutions Inc (c)(d)
  
66,200
1,602,040
Bruker Corp
 
1,910,040
76,611,704
Charles River Laboratories International Inc (d)
  
22,501
4,016,203
Danaher Corp
 
1,876,065
395,174,332
ICON PLC (d)
  
454,760
49,177,746
Illumina Inc (d)
  
219,426
29,504,020
IQVIA Holdings Inc (d)
  
97,444
17,423,962
Medpace Holdings Inc (d)
  
69,007
31,174,602
Mettler-Toledo International Inc (d)
  
789
1,078,318
Repligen Corp (d)
  
347,900
44,785,167
Revvity Inc
 
4,380
430,598
Thermo Fisher Scientific Inc
 
1,025,655
534,479,078
Waters Corp (d)
  
13,966
4,460,461
West Pharmaceutical Services Inc
 
2,779
706,811
 
  
  
1,262,495,202
Pharmaceuticals - 1.8%
  
  
  
Amylyx Pharmaceuticals Inc (d)
  
1,138,109
17,265,114
Axsome Therapeutics Inc (d)
  
74,260
12,170,471
Bristol-Myers Squibb Co (e)
  
1,095,816
68,346,044
Corcept Therapeutics Inc (d)
  
270,633
9,661,598
Crinetics Pharmaceuticals Inc (d)
  
821,810
33,776,391
Elanco Animal Health Inc (d)
  
9,052,486
238,985,630
Eli Lilly & Co (e)
  
997,049
1,048,885,578
Enliven Therapeutics Inc (c)(d)
  
19,595
581,775
GSK PLC
 
971,784
28,874,879
GSK PLC ADR (c)
  
7,772,127
459,565,870
Haleon PLC ADR (c)
  
12,699,659
140,585,225
Harmony Biosciences Holdings Inc (d)
  
114,560
3,269,541
Jazz Pharmaceuticals PLC (d)
  
118,880
22,589,578
Johnson & Johnson (e)
  
2,660,440
660,933,109
Merck & Co Inc (e)
  
6,576,818
814,341,605
Ocular Therapeutix Inc (d)
  
736,950
6,588,333
Pfizer Inc (e)
  
1,045,444
28,906,527
Pfizer Inc rights (d)(f)
  
208,784
1,133,697
Phibro Animal Health Corp Class A
 
380,135
20,751,570
Prestige Consumer Healthcare Inc (d)
  
142,022
9,842,125
Roche Holding AG non-voting shares
 
100,000
47,590,146
Royalty Pharma PLC Class A
 
3,582,479
165,546,355
Structure Therapeutics Inc ADR (d)
  
175,300
11,040,394
Viatris Inc
 
4,080,662
60,924,284
WaVe Life Sciences Ltd (d)
  
740,000
10,308,200
Zoetis Inc Class A
 
17,026
2,232,108
 
  
  
3,924,696,147
TOTAL HEALTH CARE
  
  
11,994,491,089
Industrials - 7.4%
  
  
  
Aerospace & Defense - 2.2%
  
  
  
ATI Inc (d)
  
118,700
19,418,133
Axon Enterprise Inc (d)
  
3,049
1,653,777
Boeing Co (d)
  
5,920,790
1,347,157,349
Cadre Holdings Inc (c)
  
292,190
12,970,314
Carpenter Technology Corp
 
79,190
31,523,163
Curtiss-Wright Corp
 
90,320
63,253,806
GE Aerospace (e)
  
4,583,162
1,568,633,026
General Dynamics Corp
 
413,836
147,760,144
HEICO Corp
 
221,057
70,618,869
HEICO Corp Class A
 
352,464
84,630,131
Howmet Aerospace Inc
 
1,024,500
268,961,985
Huntington Ingalls Industries Inc (e)
  
212,747
94,570,296
Karman Holdings Inc (d)
  
176,390
15,541,723
Kratos Defense & Security Solutions Inc (d)
  
229,080
19,742,114
L3Harris Technologies Inc
 
7,227
2,634,531
Lockheed Martin Corp
 
455,813
299,961,419
Moog Inc Class A
 
4,302
1,451,623
Northrop Grumman Corp
 
226,306
163,931,540
Rocket Lab Corp
 
214,400
14,815,040
RTX Corp
 
717,225
145,324,130
Textron Inc
 
2,567,872
253,320,573
TransDigm Group Inc
 
64,576
84,128,967
V2X Inc (d)
  
728,450
50,809,388
VSE Corp
 
15,650
3,553,646
Woodward Inc
 
225,660
87,276,262
 
  
  
4,853,641,949
Air Freight & Logistics - 0.5%
  
  
  
CH Robinson Worldwide Inc
 
656,864
121,684,056
Expeditors International of Washington Inc
 
327,678
47,523,140
FedEx Corp
 
808,116
312,740,892
Radiant Logistics Inc (d)
  
1,108,900
8,228,038
United Parcel Service Inc Class B
 
4,816,364
558,505,570
 
  
  
1,048,681,696
Building Products - 0.4%
  
  
  
A O Smith Corp
 
1,078,858
84,150,924
AAON Inc (c)
  
29,600
2,995,520
Advanced Drainage Systems Inc (c)
  
15,196
2,603,683
Allegion plc
 
408,818
65,881,021
Armstrong World Industries Inc
 
124,830
21,658,005
AZZ Inc (c)
  
62,029
8,434,703
Builders FirstSource Inc (d)
  
121,365
12,657,156
Carrier Global Corp
 
30,585
1,969,674
Gibraltar Industries Inc (d)
  
707,893
32,194,974
Hayward Holdings Inc (d)
  
970,200
15,523,200
Janus International Group Inc (d)
  
2,581,800
17,969,328
Johnson Controls International plc
 
460,044
66,384,349
Lennox International Inc
 
1,233
702,736
Masco Corp
 
8,024
574,678
Modine Manufacturing Co (d)
  
48,780
11,085,255
Simpson Manufacturing Co Inc
 
120,200
23,267,114
Tecnoglass Inc
 
346,547
15,788,681
Trane Technologies PLC
 
833,936
385,545,292
Trex Co Inc (d)
  
195,200
8,085,184
UFP Industries Inc
 
44,450
4,574,350
 
  
  
782,045,827
Commercial Services & Supplies - 0.2%
  
  
  
Brady Corp Class A
 
2,251,459
207,899,724
BrightView Holdings Inc (d)
  
224,640
3,097,786
Brink's Co/The
 
587,684
68,623,861
Cintas Corp
 
335,740
67,527,386
Clean Harbors Inc (d)
  
2,514
737,105
Copart Inc (d)
  
34,400
1,310,296
Ennis Inc
 
74,449
1,571,618
HNI Corp
 
95,279
4,283,744
Republic Services Inc
 
305,722
70,010,338
Rollins Inc
 
822,503
50,082,208
Tetra Tech Inc
 
268,900
9,637,376
Veralto Corp
 
168,463
16,413,350
Waste Management Inc
 
64,292
15,484,085
 
  
  
516,678,877
Construction & Engineering - 0.5%
  
  
  
AECOM
 
75,386
7,386,320
Arcosa Inc (c)
  
41,810
4,493,739
Argan Inc
 
39,365
17,763,456
Bowman Consulting Group Ltd (c)(d)
  
205,620
6,896,495
Cardinal Infrastructure Group Inc Class A
 
152,663
4,918,802
Comfort Systems USA Inc
 
155,894
222,830,207
Construction Partners Inc Class A (d)
  
747,982
100,506,341
EMCOR Group Inc
 
205,142
148,649,996
Everus Construction Group Inc (d)
  
147,194
17,791,339
Granite Construction Inc
 
1,197,386
161,000,522
IES Holdings Inc (d)
  
379,922
188,194,363
Legence Corp Class A
 
64,000
3,715,200
Limbach Holdings Inc (c)(d)
  
49,555
4,530,318
MasTec Inc (d)
  
21,500
6,407,430
Quanta Services Inc
 
151,961
85,566,200
Sterling Infrastructure Inc (d)
  
84,760
36,288,299
Tutor Perini Corp
 
49,690
3,745,135
Valmont Industries Inc
 
81,596
37,528,448
WillScot Holdings Corp
 
1,857,000
40,129,770
 
  
  
1,098,342,380
Electrical Equipment - 1.1%
  
  
  
Acuity Inc
 
146,704
44,244,459
Allient Inc
 
285,500
18,797,320
AMETEK Inc
 
758,808
181,522,050
Bloom Energy Corp Class A (d)
  
31,900
4,965,873
Eaton Corp PLC
 
840,653
316,018,276
Emerson Electric Co
 
1,022,961
154,211,371
EnerSys
 
52,495
8,722,044
Eos Energy Enterprises Inc (c)(d)
  
66,800
380,426
Forgent Power Solutions Inc Class A
 
2,360,318
81,171,336
GE Vernova Inc (e)
  
1,410,834
1,232,504,583
Generac Holdings Inc (d)
  
2,267
510,914
Hubbell Inc
 
38,513
19,704,406
Nextpower Inc Class A (d)
  
337,044
35,423,324
nVent Electric PLC
 
299,578
35,458,052
Regal Rexnord Corp
 
583,400
128,919,732
Rockwell Automation Inc
 
28,752
11,715,002
Sensata Technologies Holding PLC
 
165,089
6,164,423
Vertiv Holdings Co Class A
 
269,786
68,765,754
 
  
  
2,349,199,345
Ground Transportation - 0.2%
  
  
  
ArcBest Corp (c)
  
50,013
5,134,335
CSX Corp
 
1,716,708
73,286,265
JB Hunt Transport Services Inc
 
82,848
19,337,552
Knight-Swift Transportation Holdings Inc
 
1,335,300
84,017,076
Landstar System Inc
 
100,412
16,362,135
Lyft Inc Class A (d)
  
1,286,934
17,811,167
Norfolk Southern Corp
 
39,978
12,582,676
Old Dominion Freight Line Inc
 
307,309
62,399,092
Proficient Auto Logistics Inc (d)
  
699,700
5,296,729
Saia Inc (d)
  
2,500
1,013,474
Uber Technologies Inc (d)
  
1,059,974
79,943,239
Union Pacific Corp
 
153,216
40,599,176
Universal Logistics Holdings Inc
 
431,080
7,168,860
Werner Enterprises Inc
 
1,010,500
35,458,445
XPO Inc (d)
  
252,836
53,214,393
 
  
  
513,624,614
Industrial Conglomerates - 0.0%
  
  
  
3M Co
 
149,120
24,652,518
Honeywell International Inc
 
319,031
77,712,762
 
  
  
102,365,280
Machinery - 1.4%
  
  
  
Allison Transmission Holdings Inc
 
1,329,100
166,536,230
Atmus Filtration Technologies Inc
 
346,963
22,389,522
Blue Bird Corp (c)(d)
  
22,080
1,286,602
Caterpillar Inc
 
347,181
257,896,462
Crane Co
 
180,290
36,153,554
Cummins Inc
 
652,461
380,952,404
Deere & Co
 
280,551
176,665,770
Donaldson Co Inc
 
539,559
50,049,493
Dover Corp
 
677,599
152,798,575
Energy Recovery Inc (d)
  
66,800
696,723
Enpro Inc
 
108,470
28,055,766
Esab Corp
 
426,488
53,809,991
ESCO Technologies Inc
 
4,710
1,306,036
Federal Signal Corp
 
174,422
20,307,953
Flowserve Corp
 
436,376
38,628,004
Fortive Corp (c)
  
107,415
6,358,968
Franklin Electric Co Inc
 
39,259
3,910,982
Gates Industrial Corp PLC (c)(d)
  
1,543,927
42,566,067
Graco Inc
 
478,152
44,908,036
Hillman Solutions Corp (d)
  
1,671,960
13,710,072
IDEX Corp
 
32,062
6,716,027
Illinois Tool Works Inc
 
10,199
2,964,135
Ingersoll Rand Inc
 
592,091
55,739,447
ITT Inc
 
276,867
56,040,649
JBT Marel Corp
 
153,983
23,713,382
Kadant Inc
 
19,987
6,778,991
Lincoln Electric Holdings Inc
 
159,253
45,713,574
Miller Industries Inc/TN
 
215,200
9,044,856
Mueller Industries Inc
 
392,926
46,349,551
Mueller Water Products Inc Class A1
 
699,775
20,944,266
Nordson Corp
 
98,140
28,798,202
Otis Worldwide Corp
 
789,830
73,106,665
PACCAR Inc
 
929,391
117,186,911
Parker-Hannifin Corp
 
399,236
402,900,986
Pentair PLC
 
1,221,522
121,162,767
RBC Bearings Inc (d)
  
30,334
17,469,957
Snap-on Inc
 
2,009
773,907
SPX Technologies Inc (d)
  
4,376
993,089
Stanley Black & Decker Inc
 
71,116
6,150,823
Terex Corp
 
1,033,967
71,126,590
Timken Co/The
 
271,600
29,436,008
Toro Co/The
 
170,487
16,854,345
Wabash National Corp
 
268,900
2,729,335
Watts Water Technologies Inc Class A
 
79,971
26,289,667
Westinghouse Air Brake Technologies Corp
 
1,565,978
413,339,893
Xylem Inc/NY
 
39,633
5,134,851
 
  
  
3,106,446,084
Marine Transportation - 0.0%
  
  
  
Kirby Corp (d)
  
266,600
34,604,679
Passenger Airlines - 0.1%
  
  
  
Alaska Air Group Inc (d)
  
54,000
2,786,400
Delta Air Lines Inc
 
1,490,437
97,921,711
SkyWest Inc (d)
  
145,584
15,152,383
Southwest Airlines Co
 
54,795
2,699,202
United Airlines Holdings Inc (d)
  
12,507
1,329,493
 
  
  
119,889,189
Professional Services - 0.5%
  
  
  
Automatic Data Processing Inc
 
15,625
3,349,375
Booz Allen Hamilton Holding Corp Class A
 
115,912
9,137,343
Broadridge Financial Solutions Inc
 
4,510
838,274
CACI International Inc (d)
  
30,900
18,854,253
Cbiz Inc (c)(d)
  
1,388,271
39,760,081
Concentrix Corp (c)
  
251,400
8,245,920
CRA International Inc
 
34,446
5,947,446
CSG Systems International Inc
 
79,100
6,320,090
Equifax Inc (c)
  
221,829
46,353,388
ExlService Holdings Inc (d)
  
3,196,481
99,890,031
Exponent Inc
 
145,734
10,606,521
Franklin Covey Co (c)(d)
  
30,278
394,220
Genpact Ltd
 
3,190,674
126,733,571
ICF International Inc
 
59,475
4,944,157
Jacobs Solutions Inc
 
28,076
3,870,557
KBR Inc
 
2,987,720
126,171,416
Kforce Inc
 
47,947
1,295,528
Leidos Holdings Inc
 
358,340
62,745,334
Maximus Inc
 
1,792,586
135,537,427
Paychex Inc
 
12,514
1,171,936
Paycom Software Inc
 
146,376
18,418,492
Paylocity Holding Corp (d)
  
128,941
13,730,927
Robert Half Inc (c)
  
288,544
7,046,244
Science Applications International Corp
 
130,437
12,034,118
SS&C Technologies Holdings Inc
 
2,199,671
165,613,230
TransUnion (c)
  
2,516,796
197,694,326
UL Solutions Inc Class A
 
181,090
15,206,127
Verisk Analytics Inc
 
5,384
1,117,557
 
  
  
1,143,027,889
Trading Companies & Distributors - 0.3%
  
  
  
Applied Industrial Technologies Inc
 
7,049
1,991,906
Core & Main Inc Class A (d)
  
942,900
51,067,464
DXP Enterprises Inc/TX (d)
  
307,735
42,612,065
Fastenal Co
 
781,353
35,973,492
Ferguson Enterprises Inc
 
303,406
79,116,149
FTAI Aviation Ltd
 
103,500
31,650,300
Global Industrial Co
 
486,744
16,052,817
Herc Holdings Inc (c)
  
847,735
118,504,876
MSC Industrial Direct Co Inc Class A
 
237,240
22,262,602
Rush Enterprises Inc Class A
 
1,287,563
91,378,346
SiteOne Landscape Supply Inc (d)
  
13,710
1,959,022
United Rentals Inc
 
35,758
30,036,720
Watsco Inc (c)
  
94,800
39,562,884
Wesco International Inc
 
125,095
36,215,003
WW Grainger Inc
 
1,690
1,934,594
Xometry Inc Class A (c)(d)
  
41,480
1,701,301
 
  
  
602,019,541
TOTAL INDUSTRIALS
  
  
16,270,567,350
Information Technology - 12.3%
  
  
  
Communications Equipment - 0.7%
  
  
  
Arista Networks Inc (d)
  
3,304,531
441,154,889
Calix Inc (d)
  
32,672
1,691,429
Ciena Corp (d)
  
110,093
38,389,429
Cisco Systems Inc
 
8,223,934
653,473,797
Extreme Networks Inc (d)
  
860,097
12,024,156
F5 Inc (d)
  
2,229
604,861
Lumentum Holdings Inc (c)(d)
  
210,200
147,331,282
Motorola Solutions Inc
 
472,932
228,076,186
 
  
  
1,522,746,029
Electronic Equipment, Instruments & Components - 0.7%
  
  
  
Advanced Energy Industries Inc
 
29,150
9,781,866
Amphenol Corp Class A
 
2,104,759
307,421,100
Avnet Inc
 
113,652
7,482,848
Badger Meter Inc (c)
  
85,041
12,962,800
Bel Fuse Inc Class A
 
8,700
1,843,965
Bel Fuse Inc Class B
 
39,930
9,172,320
Belden Inc
 
310,942
44,557,989
CDW Corp/DE
 
107,530
13,187,479
Climb Global Solutions Inc (c)
  
11,768
1,114,194
Cognex Corp
 
484,517
26,357,725
Coherent Corp (d)
  
1,461,946
378,541,678
Corning Inc
 
1,623,955
244,210,353
Crane NXT Co (c)
  
624,487
30,156,477
ePlus Inc
 
77,690
6,266,475
Insight Enterprises Inc (d)
  
524,689
43,843,013
Itron Inc (d)
  
123,922
11,642,472
Jabil Inc
 
132,427
35,091,831
Keysight Technologies Inc (d)
  
129,957
39,939,685
Littelfuse Inc
 
2,290
807,132
Mirion Technologies Inc Class A (d)
  
384,300
8,304,723
Napco Security Technologies Inc
 
102,893
4,795,843
OSI Systems Inc (c)(d)
  
44,700
12,748,440
PC Connection Inc
 
32,961
2,008,973
Sanmina Corp (d)
  
839,636
130,361,885
TD SYNNEX Corp
 
457,393
71,723,796
Teledyne Technologies Inc (d)
  
1,814
1,235,515
TTM Technologies Inc (d)
  
332,100
34,618,104
Vontier Corp
 
916,040
37,484,357
Zebra Technologies Corp Class A (d)
  
131,332
29,413,115
 
  
  
1,557,076,153
IT Services - 0.3%
  
  
  
Accenture PLC Class A
 
693,240
144,693,053
Akamai Technologies Inc (d)
  
5,558
546,851
Amdocs Ltd
 
677,392
47,281,962
ASGN Inc (d)
  
126,399
5,422,517
Cognizant Technology Solutions Corp Class A
 
18,646
1,201,362
DXC Technology Co (d)
  
130,815
1,646,961
EPAM Systems Inc (d)
  
2,134
300,893
Gartner Inc (d)
  
21,785
3,424,602
GoDaddy Inc Class A (d)
  
656,428
57,214,264
IBM Corporation
 
761,810
182,994,380
Kyndryl Holdings Inc (d)
  
1,227,700
15,137,541
Okta Inc Class A (d)
  
171,815
12,456,588
Snowflake Inc (d)
  
458,795
77,265,666
Twilio Inc Class A (d)
  
1,294,160
156,541,594
VeriSign Inc
 
3,223
734,651
 
  
  
706,862,885
Semiconductors & Semiconductor Equipment - 5.4%
  
  
  
Advanced Micro Devices Inc (d)
  
199,372
39,916,268
Analog Devices Inc
 
125,259
44,565,900
Applied Materials Inc
 
323,962
120,611,053
ARM Holdings PLC ADR (d)
  
94,100
11,993,045
Axcelis Technologies Inc (d)
  
99,699
8,236,134
Broadcom Inc (e)
  
5,234,213
1,672,592,764
Cirrus Logic Inc (d)
  
269,734
38,064,862
Credo Technology Group Holding Ltd (d)
  
134,500
15,100,315
Diodes Inc (d)
  
807,494
55,095,316
First Solar Inc (c)(d)
  
491,267
96,877,852
GlobalFoundries Inc (c)(d)
  
2,367,678
112,583,089
Intel Corp (d)
  
3,687,082
168,167,810
KLA Corp
 
198,528
302,665,862
Lam Research Corp
 
1,774,592
415,059,323
Lattice Semiconductor Corp (d)
  
386,684
36,974,724
MACOM Technology Solutions Holdings Inc (c)(d)
  
509,081
126,313,178
Marvell Technology Inc
 
4,354,009
355,678,995
Microchip Technology Inc
 
20,879
1,558,409
Micron Technology Inc (e)
  
2,830,388
1,167,167,100
MKS Inc
 
167,462
40,937,761
Monolithic Power Systems Inc
 
94,204
107,650,679
NVE Corp
 
13,959
960,938
NVIDIA Corp (e)
  
35,942,718
6,368,690,202
ON Semiconductor Corp (d)
  
731,275
48,615,162
Onto Innovation Inc (d)
  
163,455
35,288,300
Penguin Solutions Inc (c)(d)
  
675,060
14,027,747
Photronics Inc (d)
  
173,587
6,497,361
Power Integrations Inc
 
147,361
7,061,539
Qnity Electronics Inc
 
8,091
1,025,615
Qorvo Inc (d)
  
213,270
17,680,083
QUALCOMM Inc
 
828,283
117,914,368
Rambus Inc (d)
  
226,700
22,592,922
Rigetti Computing Inc Class A (c)(d)
  
79,900
1,391,858
SiTime Corp (c)(d)
  
127,500
50,729,700
Skyworks Solutions Inc (c)
  
105,768
6,301,657
Teradyne Inc
 
82,723
26,473,842
Texas Instruments Inc
 
35,104
7,445,909
Universal Display Corp
 
127,571
13,610,550
Veeco Instruments Inc (d)
  
696,997
21,300,228
 
  
  
11,705,418,420
Software - 2.8%
  
  
  
ACI Worldwide Inc (d)
  
652,884
25,906,437
Adobe Inc (d)
  
378,756
99,389,362
Agilysys Inc (d)
  
42,760
3,085,989
Alarm.com Holdings Inc (d)
  
173,969
8,324,417
AppLovin Corp Class A (d)
  
290,441
126,275,034
Atlassian Corp Class A (d)
  
4,329
325,238
Autodesk Inc (d)
  
574,882
141,346,237
Bitdeer Technologies Group Class A (c)(d)
  
195,800
1,507,660
Cadence Design Systems Inc (d)
  
331,816
100,009,342
Clear Secure Inc Class A
 
250,344
12,176,732
Crowdstrike Holdings Inc Class A (d)
  
9,695
3,606,346
Datadog Inc Class A (d)
  
1,419,515
158,928,899
Docusign Inc (d)
  
21,063
949,309
Dolby Laboratories Inc Class A
 
176,562
11,753,732
Elastic NV (d)
  
900,276
46,877,371
Fair Isaac Corp (d)
  
53,922
75,995,510
Fortinet Inc (d)
  
249,875
19,747,621
Gen Digital Inc (c)
  
10,479,296
236,517,711
Guidewire Software Inc (d)
  
84,900
12,337,668
InterDigital Inc (c)
  
74,458
27,291,091
Intuit Inc
 
89,271
36,514,517
Klaviyo Inc Class A (c)(d)
  
3,230,146
56,236,842
Manhattan Associates Inc (d)
  
174,498
23,632,264
Microsoft Corp
 
10,209,392
4,009,636,615
nCino Inc (d)
  
104,800
1,691,472
Nutanix Inc Class A (d)
  
107,753
4,124,785
Oracle Corp
 
170,081
24,729,777
Palantir Technologies Inc Class A (d)
  
978,058
134,179,777
Palo Alto Networks Inc (d)
  
854,634
127,272,095
PAR Technology Corp (c)(d)
  
93,060
1,525,253
Pegasystems Inc
 
266,594
11,658,156
Pivotal Software Inc rights (d)(f)
  
1,294,700
13
PTC Inc (d)
  
4,628
724,699
Qualys Inc (d)
  
104,164
9,632,045
Riot Platforms Inc (d)
  
629,200
10,249,668
Roper Technologies Inc
 
4,158
1,454,177
Rubrik Inc Class A (d)
  
356,800
18,539,328
Salesforce Inc
 
1,141,715
222,394,665
Samsara Inc Class A (d)
  
1,375,542
39,753,164
Servicenow Inc (d)
  
40,079
4,328,933
Strategy Inc Class A (d)
  
29,081
3,765,990
Synopsys Inc (d)
  
603,031
249,654,835
Tenable Holdings Inc (d)
  
380,971
7,326,072
Teradata Corp (d)
  
758,039
23,870,648
Terawulf Inc (c)(d)
  
243,900
3,956,058
Trimble Inc (d)
  
9,192
614,669
Tyler Technologies Inc (d)
  
1,662
589,495
Unity Software Inc (d)
  
121,176
2,209,038
Varonis Systems Inc (d)
  
113,580
2,623,698
Weave Communications Inc (d)
  
168,806
850,782
Workday Inc Class A (d)
  
8,384
1,121,444
Workiva Inc Class A (d)
  
123,990
7,635,304
Zoom Communications Inc Class A (d)
  
253,812
18,766,859
 
  
  
6,173,614,843
Technology Hardware, Storage & Peripherals - 2.4%
  
  
  
Apple Inc (e)
  
17,286,922
4,566,859,055
Dell Technologies Inc Class C
 
172,397
25,528,548
GPGI Inc Class A
 
3,874,500
86,982,525
Hewlett Packard Enterprise Co
 
316,827
6,802,276
HP Inc (c)
  
36,111
685,748
IonQ Inc (c)(d)
  
40,500
1,553,985
NetApp Inc
 
166,448
16,483,345
Pure Storage Inc Class A (d)
  
896,004
57,541,377
Sandisk Corp/DE (d)
  
220,504
140,099,421
Seagate Technology Holdings PLC
 
402,717
164,244,101
Super Micro Computer Inc (c)(d)
  
19,373
627,491
Western Digital Corp
 
1,250,751
349,835,055
 
  
  
5,417,242,927
TOTAL INFORMATION TECHNOLOGY
  
  
27,082,961,257
Materials - 1.5%
  
  
  
Chemicals - 0.6%
  
  
  
Air Products and Chemicals Inc
 
212,598
58,606,891
Albemarle Corp
 
20,227
3,613,958
Axalta Coating Systems Ltd (d)
  
638,260
21,324,267
Balchem Corp
 
300,652
54,547,292
Cabot Corp
 
313,200
23,847,048
CF Industries Holdings Inc
 
570,626
56,800,112
Chemours Co/The (c)
  
756,400
13,796,736
Corteva Inc
 
2,030,253
162,663,870
Dow Inc
 
866,660
26,632,462
DuPont de Nemours Inc
 
321,360
16,080,854
Ecolab Inc
 
288,609
88,992,585
Ecovyst Inc (d)
  
262,500
2,958,375
Element Solutions Inc
 
1,792,059
62,883,350
FMC Corp
 
92,338
1,361,062
HB Fuller Co
 
98,700
6,486,564
International Flavors & Fragrances Inc
 
9,894
813,584
Linde PLC
 
395,294
200,840,976
LyondellBasell Industries NV Class A1 (c)
  
1,027,348
59,093,057
Minerals Technologies Inc
 
639,876
45,188,043
Mosaic Co/The
 
6,395,863
178,060,826
NewMarket Corp
 
22,508
14,090,233
Olin Corp
 
378,400
9,600,008
Perimeter Solutions Inc (c)(d)
  
713,205
16,746,053
PPG Industries Inc
 
8,669
1,068,628
RPM International Inc
 
93,531
10,673,758
Sherwin-Williams Co/The
 
92,407
33,505,854
Solstice Advanced Materials Inc
 
539,100
42,324,741
Westlake Corp (c)
  
27,300
2,876,874
 
  
  
1,215,478,061
Construction Materials - 0.3%
  
  
  
CRH PLC
 
2,113,151
253,535,857
Eagle Materials Inc
 
351,832
78,740,002
James Hardie Industries PLC (d)
  
2,630,317
64,048,219
Martin Marietta Materials Inc
 
163,018
110,293,088
RHI Magnesita NV
 
181,180
8,167,394
United States Lime & Minerals Inc
 
30,493
3,481,080
Vulcan Materials Co
 
407,369
126,284,390
 
  
  
644,550,030
Containers & Packaging - 0.2%
  
  
  
Amcor PLC (c)
  
170,969
8,280,029
AptarGroup Inc
 
193,363
27,788,197
Avery Dennison Corp
 
50,786
9,971,831
Ball Corp
 
85,196
5,719,207
Crown Holdings Inc
 
1,037,700
118,920,421
Graphic Packaging Holding CO
 
1,325,200
16,207,196
International Paper Co
 
20,400
888,420
Packaging Corp of America
 
143,153
33,231,537
Sealed Air Corp
 
71,014
2,974,066
Silgan Holdings Inc (c)
  
1,380,400
66,328,220
Smurfit Westrock PLC (c)
  
1,845,201
86,742,899
 
  
  
377,052,023
Metals & Mining - 0.4%
  
  
  
Alcoa Corp
 
260,800
16,190,464
Century Aluminum Co (d)
  
50,600
2,608,936
Cleveland-Cliffs Inc (d)
  
543,300
5,791,578
Coeur Mining Inc (d)
  
1,461,700
39,685,155
Commercial Metals Co (c)
  
678,522
49,735,663
Constellium SE (d)
  
322,310
8,022,296
Freeport-McMoRan Inc
 
1,187,139
80,820,423
Hecla Mining Co
 
333,600
8,309,976
Newmont Corp
 
3,602,644
468,343,721
Nucor Corp
 
455,281
80,530,103
Reliance Inc
 
15,360
4,848,230
Royal Gold Inc
 
236,274
70,832,582
Steel Dynamics Inc
 
670,186
129,433,022
Warrior Met Coal Inc
 
246,590
20,526,152
Worthington Steel Inc (c)
  
14,140
587,658
 
  
  
986,265,959
Paper & Forest Products - 0.0%
  
  
  
Louisiana-Pacific Corp
 
51,390
4,354,789
TOTAL MATERIALS
  
  
3,227,700,862
Real Estate - 1.1%
  
  
  
Health Care REITs - 0.1%
  
  
  
Alexandria Real Estate Equities Inc
 
6,009
324,726
CareTrust REIT Inc
 
668,340
27,147,971
Healthpeak Properties Inc
 
26,849
474,690
Sabra Health Care REIT Inc
 
241,800
4,968,990
Ventas Inc
 
2,527,875
217,801,710
Welltower Inc
 
283,148
58,645,614
 
  
  
309,363,701
Hotel & Resort REITs - 0.0%
  
  
  
Host Hotels & Resorts Inc
 
24,708
484,030
Ryman Hospitality Properties Inc
 
109,400
10,803,250
 
  
  
11,287,280
Industrial REITs - 0.1%
  
  
  
First Industrial Realty Trust Inc
 
80,454
5,079,865
Prologis Inc
 
611,147
87,131,228
STAG Industrial Inc Class A
 
547,483
21,472,283
Terreno Realty Corp
 
1,902,627
125,687,540
 
  
  
239,370,916
Office REITs - 0.0%
  
  
  
BXP Inc
 
5,694
327,861
Douglas Emmett Inc
 
618,970
6,121,613
Kilroy Realty Corp
 
91,750
2,735,985
Postal Realty Trust Inc Class A
 
107,960
2,238,011
 
  
  
11,423,470
Real Estate Management & Development - 0.1%
  
  
  
CBRE Group Inc Class A (d)
  
88,725
13,101,134
Compass Inc Class A (d)
  
14,397,266
140,373,344
CoStar Group Inc (d)
  
313,074
13,972,493
Cushman & Wakefield Ltd
 
330,677
4,434,379
Jones Lang LaSalle Inc (d)
  
215,987
68,154,698
Landbridge Co LLC Class A (c)
  
26,630
1,983,935
Newmark Group Inc Class A
 
69,589
1,010,431
Zillow Group Inc Class A (d)
  
9,470
424,256
Zillow Group Inc Class C (d)
  
50,436
2,250,454
 
  
  
245,705,124
Residential REITs - 0.1%
  
  
  
American Homes 4 Rent Class A
 
345,723
10,371,690
AvalonBay Communities Inc
 
31,064
5,505,473
Camden Property Trust
 
1,560,210
169,033,151
Equity LifeStyle Properties Inc
 
242,132
16,261,585
Equity Residential
 
13,376
845,497
Essex Property Trust Inc
 
2,488
634,714
Invitation Homes Inc
 
570,413
15,024,678
Mid-America Apartment Communities Inc
 
4,523
605,449
Sun Communities Inc
 
166,244
22,685,656
UDR Inc
 
11,619
435,713
 
  
  
241,403,606
Retail REITs - 0.2%
  
  
  
Acadia Realty Trust
 
5,168,955
108,134,539
Brixmor Property Group Inc
 
215,694
6,529,057
Curbline Properties Corp
 
136,994
3,809,803
Federal Realty Investment Trust
 
247,133
26,880,656
Kimco Realty Corp
 
26,163
616,138
Macerich Co/The
 
1,283,414
26,271,485
NNN REIT Inc (c)
  
3,069,130
139,092,972
Phillips Edison & Co Inc
 
149,764
5,882,730
Realty Income Corp
 
35,539
2,381,112
Regency Centers Corp
 
96,531
7,625,949
Simon Property Group Inc
 
180,410
36,776,579
Tanger Inc
 
1,171,660
43,421,720
Urban Edge Properties
 
389,040
8,267,100
 
  
  
415,689,840
Specialized REITs - 0.5%
  
  
  
American Tower Corp
 
1,334,251
255,989,397
Crown Castle Inc
 
16,824
1,506,421
CubeSmart
 
262,600
10,803,364
Digital Realty Trust Inc
 
78,352
13,883,974
Equinix Inc
 
270,001
263,051,174
Extra Space Storage Inc
 
893,389
134,928,541
Four Corners Property Trust Inc
 
366,600
9,355,632
Gaming and Leisure Properties Inc
 
23,175
1,133,489
Iron Mountain Inc
 
296,820
32,154,511
Lamar Advertising Co Class A
 
497,121
68,473,447
Outfront Media Inc
 
1,517,789
43,727,501
Public Storage
 
6,101
1,873,373
SBA Communications Corp Class A
 
4,116
827,975
VICI Properties Inc
 
1,585,430
47,895,840
Weyerhaeuser Co
 
27,850
683,160
 
  
  
886,287,799
TOTAL REAL ESTATE
  
  
2,360,531,736
Utilities - 1.2%
  
  
  
Electric Utilities - 1.0%
  
  
  
Alliant Energy Corp
 
218,731
15,823,001
American Electric Power Co Inc
 
273,805
36,640,585
Constellation Energy Corp
 
534,979
176,478,873
Duke Energy Corp
 
640,292
83,782,208
Edison International
 
310,846
23,232,630
Entergy Corp
 
554,883
59,433,518
Evergy Inc
 
2,178,754
182,274,560
Eversource Energy
 
1,449,795
110,488,877
Exelon Corp
 
1,459,071
72,180,242
FirstEnergy Corp
 
20,086
1,027,600
IDACORP Inc
 
93,530
13,465,514
NextEra Energy Inc
 
4,976,926
466,686,351
NRG Energy Inc
 
1,616,422
289,274,881
OGE Energy Corp
 
218,200
10,722,348
Oklo Inc Class A (c)(d)
  
20,300
1,277,885
PG&E Corp
 
12,372,601
235,079,419
Pinnacle West Capital Corp
 
4,624
463,787
Portland General Electric Co
 
29,753
1,605,472
PPL Corp
 
1,600,437
62,385,034
Southern Co/The
 
1,908,114
185,812,141
TXNM Energy Inc
 
44,190
2,608,094
Xcel Energy Inc
 
489,253
40,784,130
 
  
  
2,071,527,150
Gas Utilities - 0.0%
  
  
  
Atmos Energy Corp
 
6,202
1,158,471
MDU Resources Group Inc
 
71,992
1,488,795
National Fuel Gas Co
 
249,700
22,730,191
New Jersey Resources Corp
 
64,975
3,524,244
Southwest Gas Holdings Inc
 
55,469
4,890,702
UGI Corp
 
1,530,702
57,263,562
 
  
  
91,055,965
Independent Power and Renewable Electricity Producers - 0.0%
  
  
  
AES Corp/The
 
264,312
4,567,311
Clearway Energy Inc Class A (c)
  
29,800
1,073,396
Clearway Energy Inc Class C (c)
  
234,552
8,985,687
Talen Energy Corp (d)
  
28,500
10,572,645
Vistra Corp
 
361,460
62,854,280
 
  
  
88,053,319
Multi-Utilities - 0.2%
  
  
  
Ameren Corp
 
432,746
49,021,467
CenterPoint Energy Inc
 
808,139
35,154,047
CMS Energy Corp
 
151,321
11,813,630
Consolidated Edison Inc
 
131,471
14,793,117
Dominion Energy Inc
 
32,990
2,082,989
DTE Energy Co
 
76,322
11,313,973
NiSource Inc
 
976,813
46,203,255
Public Service Enterprise Group Inc
 
19,284
1,659,774
Sempra
 
3,005,694
289,358,161
WEC Energy Group Inc
 
12,567
1,469,836
 
  
  
462,870,249
Water Utilities - 0.0%
  
  
  
American Water Works Co Inc
 
7,538
1,025,394
Essential Utilities Inc
 
79,800
3,189,606
 
  
  
4,215,000
TOTAL UTILITIES
  
  
2,717,721,683
TOTAL UNITED STATES
  
  
114,872,368,927
ZAMBIA - 0.1%
 
  
  
Materials - 0.1%
  
  
  
Metals & Mining - 0.1%
  
  
  
First Quantum Minerals Ltd (d)
  
5,039,501
150,883,927
 
TOTAL COMMON STOCKS
 (Cost $87,879,600,335)
  
  
  
120,856,220,769
 
  
  
  
Convertible Preferred Stocks - 0.0%
 
  
Shares
Value ($)
 
UNITED STATES - 0.0%
 
  
  
Health Care - 0.0%
  
  
  
Life Sciences Tools & Services - 0.0%
  
  
  
Bruker Corp 6.375% Series A
  (Cost $17,264,887)
  
68,500
21,572,705
 
  
  
  
Domestic Equity Funds - 43.3%
 
  
Shares
Value ($)
 
Fidelity Advisor Blue Chip Growth Fund - Class Z (b)
  
28,895,829
7,525,051,782
Fidelity Advisor Magellan Fund - Class Z (b)
  
596,537,861
8,757,175,794
Fidelity Advisor Small Cap Growth Fund - Class Z (b)
  
51,150,984
1,902,305,080
Fidelity Extended Market Index Fund (b)
  
42,069,927
4,382,845,031
Fidelity Growth Company Fund (b)
  
449,715,431
21,824,689,867
Fidelity SAI Inflation-Focused Fund (b)
  
15
1,505
Fidelity SAI Small-Mid Cap Momentum Index Fund (b)
  
524,703,098
2,665,491,740
Fidelity SAI U.S. Large Cap Index Fund (b)
  
107,885,418
2,958,218,149
Fidelity SAI U.S. Low Volatility Index Fund (b)
  
483,902,676
11,473,332,447
Fidelity SAI U.S. Momentum Index Fund (b)
  
231,041,749
4,484,520,348
Fidelity SAI U.S. Quality Index Fund (b)
  
960,776,515
22,559,032,581
Fidelity SAI U.S. Value Index Fund (b)
  
485,968,604
6,827,858,892
iShares Russell 2000 ETF (c)
  
730,000
190,829,300
iShares Russell 3000 ETF
 
475,000
185,563,500
 
TOTAL DOMESTIC EQUITY FUNDS
 (Cost $73,549,692,287)
  
  
95,736,916,016
 
  
  
  
Foreign Government and Government Agency Obligations - 0.0%
 
  
Principal
Amount (a)
 
Value ($)
 
COLOMBIA - 0.0%
 
  
  
Colombian Republic 5.375% 1/21/2029
  (Cost $3,603,711)
  
3,630,000
3,622,740
 
  
  
  
Non-Convertible Corporate Bonds - 0.5%
 
  
Principal
Amount (a)
 
Value ($)
 
AUSTRALIA - 0.0%
 
  
  
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Glencore Funding LLC 3.875% 10/27/2027 (i)
  
4,700,000
4,689,969
Glencore Funding LLC 4.907% 4/1/2028 (i)
  
1,201,000
1,222,953
Glencore Funding LLC 5.338% 4/4/2027 (i)
  
3,800,000
3,854,882
Glencore Funding LLC 5.4% 5/8/2028 (i)
  
3,900,000
4,009,230
 
  
  
  
TOTAL AUSTRALIA
  
  
13,777,034
CANADA - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Wireless Telecommunication Services - 0.0%
  
  
  
Rogers Communications Inc 2.9% 11/15/2026
 
2,000,000
1,984,616
Rogers Communications Inc 3.2% 3/15/2027
 
3,000,000
2,978,034
TOTAL COMMUNICATION SERVICES
  
  
4,962,650
Consumer Staples - 0.0%
  
  
  
Consumer Staples Distribution & Retail - 0.0%
  
  
  
Alimentation Couche-Tard Inc 4.148% 9/29/2028 (i)
  
4,208,000
4,231,672
Energy - 0.0%
  
  
  
Oil, Gas & Consumable Fuels - 0.0%
  
  
  
Canadian Natural Resources Ltd 3.85% 6/1/2027
 
6,000,000
5,999,212
Canadian Natural Resources Ltd 5% 12/15/2029
 
1,427,000
1,472,729
Enbridge Inc 4.2% 11/20/2028
 
2,923,000
2,940,958
Enbridge Inc 4.6% 6/20/2028
 
6,308,000
6,392,753
Enbridge Inc 5.25% 4/5/2027
 
1,675,000
1,697,366
Enbridge Inc 5.3% 4/5/2029
 
1,400,000
1,451,054
Enbridge Inc 5.9% 11/15/2026
 
3,288,000
3,327,888
South Bow USA Infrastructure Holdings LLC 4.911% 9/1/2027
 
921,000
930,948
TransCanada PipeLines Ltd 4.25% 5/15/2028
 
4,700,000
4,727,265
TOTAL ENERGY
  
  
28,940,173
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Bank of Montreal 4.567% 9/10/2027 (j)
  
4,382,000
4,397,309
Bank of Nova Scotia/The 1.3% 9/15/2026
 
1,960,000
1,933,149
Bank of Nova Scotia/The 4.247% 2/2/2030 (j)
  
5,350,000
5,376,399
Bank of Nova Scotia/The 4.404% 9/8/2028 (j)
  
4,920,000
4,952,019
Bank of Nova Scotia/The U.S. SOFR Index + 0.76%, 4.4498% 9/15/2028 (j)(k)
  
6,030,000
6,038,848
Canadian Imperial Bank of Commerce 4.857% 3/30/2029 (j)
  
6,250,000
6,362,862
Royal Bank of Canada 5.069% 7/23/2027 (j)
  
4,600,000
4,620,216
Royal Bank of Canada U.S. SOFR Index + 0.7%, 4.3695% 11/3/2028 (j)(k)
  
6,300,000
6,308,957
Toronto Dominion Bank 1.2% 6/3/2026
 
1,000,000
992,934
Toronto Dominion Bank 5.264% 12/11/2026
 
2,075,000
2,098,021
Toronto Dominion Bank 5.532% 7/17/2026
 
3,000,000
3,017,750
TOTAL FINANCIALS
  
  
46,098,464
TOTAL CANADA
  
  
84,232,959
CHILE - 0.0%
 
  
  
Utilities - 0.0%
  
  
  
Electric Utilities - 0.0%
  
  
  
Enel Americas SA 4% 10/25/2026
 
3,600,000
3,594,179
DENMARK - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Danske Bank A/S 1.549% 9/10/2027 (i)(j)
  
2,000,000
1,976,146
Danske Bank A/S 4.298% 4/1/2028 (i)(j)
  
4,600,000
4,617,007
Danske Bank A/S 5.427% 3/1/2028 (i)(j)
  
3,000,000
3,044,313
 
  
  
  
TOTAL DENMARK
  
  
9,637,466
FRANCE - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
Orange SA 4% 1/13/2029 (i)
  
2,429,000
2,436,554
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Banque Federative du Credit Mutuel SA 5.088% 1/23/2027 (i)
  
1,900,000
1,919,879
BNP Paribas SA 1.675% 6/30/2027 (i)(j)
  
4,300,000
4,266,899
BNP Paribas SA 4.792% 5/9/2029 (i)(j)
  
4,700,000
4,759,640
BPCE SA 5.203% 1/18/2027 (i)
  
1,500,000
1,517,880
BPCE SA 6.612% 10/19/2027 (i)(j)
  
3,640,000
3,698,291
Credit Agricole SA 5.134% 3/11/2027 (i)
  
3,500,000
3,547,724
Societe Generale SA 5.249% 5/22/2029 (i)(j)
  
5,280,000
5,394,999
Societe Generale SA 5.5% 4/13/2029 (i)(j)
  
1,262,000
1,294,970
TOTAL FINANCIALS
  
  
26,400,282
TOTAL FRANCE
  
  
28,836,836
GERMANY - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobiles - 0.0%
  
  
  
Mercedes-Benz Finance North America LLC 4.75% 8/1/2027 (i)
  
4,500,000
4,555,816
Mercedes-Benz Finance North America LLC 4.8% 1/11/2027 (i)
  
1,900,000
1,915,107
Volkswagen Group of America Finance LLC 3.2% 9/26/2026 (i)
  
3,000,000
2,985,914
Volkswagen Group of America Finance LLC 5.7% 9/12/2026 (i)
  
3,550,000
3,580,622
Volkswagen Group of America Finance LLC 6% 11/16/2026 (i)
  
3,900,000
3,951,657
TOTAL CONSUMER DISCRETIONARY
  
  
16,989,116
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
Deutsche Bank AG/New York NY 2.552% 1/7/2028 (j)
  
6,000,000
5,924,798
Deutsche Bank AG/New York NY 5.706% 2/8/2028 (j)
  
6,000,000
6,088,890
Deutsche Bank AG/New York NY 6.72% 1/18/2029 (j)
  
5,860,000
6,128,750
Deutsche Bank AG/New York NY 7.146% 7/13/2027 (j)
  
720,000
728,141
TOTAL FINANCIALS
  
  
18,870,579
Health Care - 0.0%
  
  
  
Pharmaceuticals - 0.0%
  
  
  
Bayer US Finance II LLC 4.375% 12/15/2028 (i)
  
3,789,000
3,802,582
Industrials - 0.0%
  
  
  
Machinery - 0.0%
  
  
  
Daimler Truck Finance North America LLC 2% 12/14/2026 (i)
  
2,920,000
2,878,698
Daimler Truck Finance North America LLC 4.95% 1/13/2028 (i)
  
1,660,000
1,688,386
Daimler Truck Finance North America LLC 5.125% 9/25/2027 (i)
  
1,185,000
1,205,414
TOTAL INDUSTRIALS
  
  
5,772,498
TOTAL GERMANY
  
  
45,434,775
IRELAND - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Bank of Ireland Group PLC 2.029% 9/30/2027 (i)(j)
  
3,700,000
3,656,029
Consumer Finance - 0.0%
  
  
  
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.125% 2/28/2029
 
3,669,000
3,670,919
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.375% 11/15/2030
 
2,420,000
2,426,386
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.1% 1/15/2027
 
2,000,000
2,033,928
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.45% 4/15/2027
 
1,998,000
2,048,281
 
  
  
10,179,514
TOTAL FINANCIALS
  
  
13,835,543
Industrials - 0.0%
  
  
  
Transportation Infrastructure - 0.0%
  
  
  
Avolon Holdings Funding Ltd 3.25% 2/15/2027 (i)
  
3,800,000
3,765,205
Avolon Holdings Funding Ltd 4.2% 4/15/2029 (i)
  
2,048,000
2,042,541
Avolon Holdings Funding Ltd 4.95% 1/15/2028 (i)
  
3,094,000
3,135,092
Avolon Holdings Funding Ltd 5.75% 3/1/2029 (i)
  
2,637,000
2,743,365
Avolon Holdings Funding Ltd 6.375% 5/4/2028 (i)
  
571,000
595,121
TOTAL INDUSTRIALS
  
  
12,281,324
TOTAL IRELAND
  
  
26,116,867
ITALY - 0.0%
 
  
  
Utilities - 0.0%
  
  
  
Electric Utilities - 0.0%
  
  
  
Enel Finance International NV 1.625% 7/12/2026 (i)(l)
  
3,000,000
2,972,341
Enel Finance International NV 3.5% 4/6/2028 (i)
  
6,300,000
6,236,746
Enel Finance International NV 5.125% 6/26/2029 (i)
  
4,400,000
4,533,020
 
  
  
  
TOTAL ITALY
  
  
13,742,107
JAPAN - 0.0%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
NTT Finance Corp 4.372% 7/27/2027 (i)
  
2,000,000
2,012,756
NTT Finance Corp 4.567% 7/16/2027 (i)
  
263,000
265,385
NTT Finance Corp 4.62% 7/16/2028 (i)
  
266,000
270,019
NTT Finance Corp 5.104% 7/2/2027 (i)
  
3,000,000
3,048,486
TOTAL COMMUNICATION SERVICES
  
  
5,596,646
Consumer Staples - 0.0%
  
  
  
Tobacco - 0.0%
  
  
  
Japan Tobacco Inc 4.85% 5/15/2028 (i)
  
2,296,000
2,342,722
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Mitsubishi UFJ Financial Group Inc 1.538% 7/20/2027 (j)
  
3,620,000
3,586,641
Mitsubishi UFJ Financial Group Inc 4.08% 4/19/2028 (j)
  
6,000,000
6,010,590
Mizuho Financial Group Inc 1.234% 5/22/2027 (j)
  
2,960,000
2,942,431
Mizuho Financial Group Inc 1.554% 7/9/2027 (j)
  
3,000,000
2,975,300
Mizuho Financial Group Inc 2.839% 9/13/2026
 
3,000,000
2,983,873
Mizuho Financial Group Inc 3.477% 4/12/2026 (i)
  
2,000,000
1,998,419
Mizuho Financial Group Inc 5.414% 9/13/2028 (j)
  
2,000,000
2,046,376
Mizuho Financial Group Inc 5.667% 5/27/2029 (j)
  
4,080,000
4,227,540
TOTAL FINANCIALS
  
  
26,771,170
TOTAL JAPAN
  
  
34,710,538
NETHERLANDS - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
ABN AMRO Bank NV 6.339% 9/18/2027 (i)(j)
  
4,000,000
4,050,015
Cooperatieve Rabobank UA 3.649% 4/6/2028 (i)(j)
  
5,800,000
5,782,731
ING Groep NV 4.017% 3/28/2028 (j)
  
3,800,000
3,802,770
ING Groep NV 4.858% 3/25/2029 (j)
  
3,679,000
3,742,938
ING Groep NV 6.083% 9/11/2027 (j)
  
3,000,000
3,032,478
TOTAL FINANCIALS
  
  
20,410,932
Information Technology - 0.0%
  
  
  
Semiconductors & Semiconductor Equipment - 0.0%
  
  
  
NXP BV / NXP Funding LLC / NXP USA Inc 3.875% 6/18/2026
 
2,760,000
2,757,868
NXP BV / NXP Funding LLC / NXP USA Inc 4.3% 8/19/2028
 
4,314,000
4,342,868
TOTAL INFORMATION TECHNOLOGY
  
  
7,100,736
TOTAL NETHERLANDS
  
  
27,511,668
NORWAY - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
DNB Bank ASA 1.535% 5/25/2027 (i)(j)
  
5,660,000
5,627,216
SPAIN - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Banks - 0.0%
  
  
  
Banco Santander SA 5.365% 7/15/2028 (j)
  
3,800,000
3,867,417
SWITZERLAND - 0.0%
 
  
  
Financials - 0.0%
  
  
  
Capital Markets - 0.0%
  
  
  
UBS Group AG 1.494% 8/10/2027 (i)(j)
  
6,100,000
6,031,710
UBS Group AG 4.125% 4/15/2026 (i)
  
3,000,000
3,000,715
UBS Group AG 4.703% 8/5/2027 (i)(j)
  
2,730,000
2,737,177
 
  
  
  
TOTAL SWITZERLAND
  
  
11,769,602
UNITED KINGDOM - 0.1%
 
  
  
Consumer Staples - 0.0%
  
  
  
Tobacco - 0.0%
  
  
  
BAT Capital Corp 3.215% 9/6/2026
 
5,510,000
5,489,827
BAT Capital Corp 3.557% 8/15/2027
 
4,000,000
3,979,518
BAT Capital Corp 4.7% 4/2/2027
 
2,000,000
2,013,560
BAT International Finance PLC 1.668% 3/25/2026
 
2,000,000
1,996,914
Imperial Brands Finance PLC 3.5% 7/26/2026 (i)
  
1,000,000
996,782
Imperial Brands Finance PLC 4.5% 6/30/2028 (i)
  
4,883,000
4,934,033
Imperial Brands Finance PLC 6.125% 7/27/2027 (i)
  
2,000,000
2,054,740
TOTAL CONSUMER STAPLES
  
  
21,465,374
Financials - 0.1%
  
  
  
Banks - 0.1%
  
  
  
Barclays PLC 2.279% 11/24/2027 (j)
  
4,200,000
4,143,636
Barclays PLC 4.219% 5/24/2030 (j)
  
1,684,000
1,684,367
Barclays PLC 5.501% 8/9/2028 (j)
  
2,000,000
2,039,111
Barclays PLC 5.674% 3/12/2028 (j)
  
3,300,000
3,352,191
Barclays PLC 5.829% 5/9/2027 (j)
  
2,670,000
2,678,600
Barclays PLC 6.496% 9/13/2027 (j)
  
2,800,000
2,835,769
HSBC Holdings PLC 4.899% 3/3/2029 (j)
  
6,968,000
7,081,699
HSBC Holdings PLC 5.597% 5/17/2028 (j)
  
3,400,000
3,462,187
HSBC Holdings PLC 5.887% 8/14/2027 (j)
  
4,660,000
4,699,624
Lloyds Banking Group PLC 1.627% 5/11/2027 (j)
  
5,038,000
5,013,949
Lloyds Banking Group PLC 5.462% 1/5/2028 (j)
  
2,200,000
2,227,112
Lloyds Banking Group PLC 5.871% 3/6/2029 (j)
  
5,960,000
6,177,661
Lloyds Banking Group PLC 5.985% 8/7/2027 (j)
  
3,305,000
3,333,044
Lloyds Banking Group PLC U.S. SOFR Averages Index + 1.06%, 4.76% 6/13/2029 (j)(k)
  
5,250,000
5,285,595
NatWest Group PLC 1.642% 6/14/2027 (j)
  
3,000,000
2,979,782
NatWest Group PLC 3.073% 5/22/2028 (j)
  
3,800,000
3,761,307
NatWest Group PLC 4.892% 5/18/2029 (j)
  
6,200,000
6,312,405
NatWest Group PLC 5.847% 3/2/2027 (j)
  
2,758,000
2,758,000
NatWest Group PLC U.S. SOFR Index + 1.1%, 4.7652% 5/23/2029 (j)(k)
  
5,000,000
5,032,150
NatWest Markets PLC 5.416% 5/17/2027 (i)
  
2,400,000
2,445,133
Standard Chartered PLC 4.299% 1/13/2030 (i)(j)
  
2,987,000
2,995,555
 
  
  
80,298,877
Financial Services - 0.0%
  
  
  
Nationwide Building Society 6.557% 10/18/2027 (i)(j)
  
2,000,000
2,031,697
TOTAL FINANCIALS
  
  
82,330,574
Industrials - 0.0%
  
  
  
Aerospace & Defense - 0.0%
  
  
  
BAE Systems PLC 5% 3/26/2027 (i)
  
1,066,000
1,078,650
TOTAL UNITED KINGDOM
  
  
104,874,598
UNITED STATES - 0.4%
 
  
  
Communication Services - 0.0%
  
  
  
Diversified Telecommunication Services - 0.0%
  
  
  
AT&T Inc 1.7% 3/25/2026
 
2,000,000
1,997,053
AT&T Inc 2.95% 7/15/2026
 
3,870,000
3,854,748
 
  
  
5,851,801
Media - 0.0%
  
  
  
Charter Communications Operating LLC / Charter Communications Operating Capital 2.25% 1/15/2029
 
6,500,000
6,136,122
Charter Communications Operating LLC / Charter Communications Operating Capital 3.75% 2/15/2028
 
2,000,000
1,982,344
Cox Communications Inc 3.35% 9/15/2026 (i)
  
2,000,000
1,990,278
 
  
  
10,108,744
TOTAL COMMUNICATION SERVICES
  
  
15,960,545
Consumer Discretionary - 0.0%
  
  
  
Automobiles - 0.0%
  
  
  
American Honda Finance Corp U.S. SOFR Index + 0.73%, 4.4011% 8/13/2027 (j)(k)
  
5,500,000
5,524,200
American Honda Finance Corp U.S. SOFR Index + 0.87%, 4.5353% 7/9/2027 (j)(k)
  
5,650,000
5,682,326
Ford Motor Co 4.346% 12/8/2026
 
4,933,000
4,931,755
General Motors Financial Co Inc 1.5% 6/10/2026
 
2,000,000
1,986,395
General Motors Financial Co Inc 4.2% 10/27/2028
 
2,354,000
2,362,991
General Motors Financial Co Inc 5% 4/9/2027
 
1,800,000
1,818,298
General Motors Financial Co Inc 5% 7/15/2027
 
5,500,000
5,570,585
General Motors Financial Co Inc 5.4% 5/8/2027
 
3,000,000
3,047,088
Hyundai Capital America 1.5% 6/15/2026 (i)
  
2,000,000
1,985,017
Hyundai Capital America 2.75% 9/27/2026 (i)
  
2,000,000
1,984,711
Hyundai Capital America 5.5% 3/30/2026 (i)
  
2,000,000
2,001,892
Hyundai Capital America 5.65% 6/26/2026 (i)
  
2,500,000
2,512,562
Hyundai Capital America 5.95% 9/21/2026 (i)
  
4,000,000
4,043,515
 
  
  
43,451,335
Specialty Retail - 0.0%
  
  
  
AutoNation Inc 4.45% 1/15/2029
 
5,300,000
5,339,722
AutoZone Inc 3.125% 4/21/2026
 
1,500,000
1,497,645
AutoZone Inc 5.165% 6/15/2030
 
825,000
855,094
O'Reilly Automotive Inc 4.35% 6/1/2028
 
4,000,000
4,037,714
O'Reilly Automotive Inc 5.75% 11/20/2026
 
2,230,000
2,256,214
 
  
  
13,986,389
TOTAL CONSUMER DISCRETIONARY
  
  
57,437,724
Consumer Staples - 0.0%
  
  
  
Consumer Staples Distribution & Retail - 0.0%
  
  
  
Mars Inc 4.6% 3/1/2028 (i)
  
3,914,000
3,970,777
Mondelez International Holdings Netherlands BV 1.25% 9/24/2026 (i)
  
1,960,000
1,928,944
 
  
  
5,899,721
Food Products - 0.0%
  
  
  
Bunge Ltd Finance Corp 4.1% 1/7/2028
 
2,243,000
2,254,083
Tobacco - 0.0%
  
  
  
Altria Group Inc 2.625% 9/16/2026
 
5,000,000
4,963,516
Philip Morris International Inc 4.125% 4/28/2028
 
5,100,000
5,136,304
Philip Morris International Inc U.S. SOFR Index + 0.66%, 4.328% 10/27/2028 (j)(k)
  
4,252,000
4,258,735
 
  
  
14,358,555
TOTAL CONSUMER STAPLES
  
  
22,512,359
Energy - 0.1%
  
  
  
Energy Equipment & Services - 0.0%
  
  
  
Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc 2.061% 12/15/2026
 
2,930,000
2,888,999
Oil, Gas & Consumable Fuels - 0.1%
  
  
  
Columbia Pipelines Holding Co LLC 6.042% 8/15/2028 (i)
  
4,060,000
4,243,944
DCP Midstream Operating LP 5.625% 7/15/2027
 
2,809,000
2,863,163
Diamondback Energy Inc 5.2% 4/18/2027
 
3,633,000
3,679,638
Energy Transfer LP 6% 2/1/2029 (i)
  
3,900,000
3,940,314
Energy Transfer LP 6.05% 12/1/2026
 
3,900,000
3,951,959
EQT Corp 3.125% 5/15/2026 (i)
  
4,000,000
3,988,108
MPLX LP 1.75% 3/1/2026
 
5,000,000
4,999,457
MPLX LP 4.125% 3/1/2027
 
3,700,000
3,702,205
Northwest Pipeline LLC 4% 4/1/2027
 
3,000,000
3,001,117
ONEOK Inc 4.25% 9/24/2027
 
383,000
384,832
Phillips 66 Co 3.55% 10/1/2026
 
1,850,000
1,845,310
Plains All American Pipeline LP / PAA Finance Corp 4.5% 12/15/2026
 
5,450,000
5,466,749
Plains All American Pipeline LP / PAA Finance Corp 4.7%  1/15/2031
 
4,900,000
4,976,901
Targa Resources Corp 4.35% 1/15/2029
 
534,000
538,348
Transcontinental Gas Pipe Line Co LLC 4% 3/15/2028
 
3,800,000
3,807,389
Western Gas Partners LP 4.65% 7/1/2026
 
3,000,000
3,000,805
Western Gas Partners LP 6.35% 1/15/2029
 
3,600,000
3,804,200
Williams Cos Inc/The 5.4% 3/2/2026
 
312,000
312,000
 
  
  
58,506,439
TOTAL ENERGY
  
  
61,395,438
Financials - 0.3%
  
  
  
Banks - 0.2%
  
  
  
Bank of America Corp 3.559% 4/23/2027 (j)
  
4,000,000
3,997,097
Bank of America Corp 3.824% 1/20/2028 (j)
  
4,560,000
4,554,238
Bank of America Corp 3.97% 3/5/2029 (j)
  
3,030,000
3,027,822
Bank of America Corp 4.623% 5/9/2029 (j)
  
5,100,000
5,172,385
Bank of America Corp 4.979% 1/24/2029 (j)
  
5,500,000
5,598,264
Bank of America Corp 5.933% 9/15/2027 (j)
  
3,700,000
3,739,756
Citibank NA U.S. SOFR Index + 0.781%, 4.451% 5/29/2027 (j)(k)
  
5,400,000
5,435,046
Citigroup Inc 1.462% 6/9/2027 (j)
  
3,000,000
2,978,841
Citigroup Inc 4.075% 4/23/2029 (j)
  
4,652,000
4,658,900
Citizens Bank NA/Providence RI 4.575% 8/9/2028 (j)
  
3,000,000
3,024,929
Huntington Bancshares Inc/OH 4.443% 8/4/2028 (j)
  
3,000,000
3,019,655
Huntington Bancshares Inc/OH 6.208% 8/21/2029 (j)
  
4,350,000
4,568,514
Huntington National Bank/The U.S. SOFR Index + 0.72%, 4.3853% 4/12/2028 (j)(k)
  
4,525,000
4,530,398
JPMorgan Chase & Co 2.182% 6/1/2028 (j)
  
3,000,000
2,934,681
JPMorgan Chase & Co 4.505% 10/22/2028 (j)
  
5,000,000
5,043,947
JPMorgan Chase & Co 4.915% 1/24/2029 (j)
  
4,560,000
4,643,266
JPMorgan Chase & Co 4.979% 7/22/2028 (j)
  
6,100,000
6,181,022
JPMorgan Chase & Co 5.04% 1/23/2028 (j)
  
2,200,000
2,219,650
JPMorgan Chase & Co 5.299% 7/24/2029 (j)
  
2,920,000
3,005,530
JPMorgan Chase & Co 5.571% 4/22/2028 (j)
  
2,384,000
2,426,747
JPMorgan Chase & Co 6.07% 10/22/2027 (j)
  
3,400,000
3,446,563
Morgan Stanley Bank NA 5.016% 1/12/2029 (j)
  
2,841,000
2,895,733
Morgan Stanley Private Bank NA U.S. SOFR Index + 0.78%, 4.4522% 11/17/2028 (j)(k)
  
5,300,000
5,313,303
PNC Financial Services Group Inc/The 5.102% 7/23/2027 (j)
  
4,600,000
4,619,710
PNC Financial Services Group Inc/The 5.3% 1/21/2028 (j)
  
5,595,000
5,662,090
PNC Financial Services Group Inc/The 5.582% 6/12/2029 (j)
  
5,960,000
6,177,595
PNC Financial Services Group Inc/The 6.615% 10/20/2027 (j)
  
5,600,000
5,692,738
Santander Holdings USA Inc 2.49% 1/6/2028 (j)
  
3,000,000
2,956,757
Santander Holdings USA Inc 6.124% 5/31/2027 (j)
  
1,162,000
1,166,814
Truist Financial Corp 1.267% 3/2/2027 (j)
  
3,000,000
3,000,000
Truist Financial Corp 4.123% 6/6/2028 (j)
  
4,700,000
4,710,461
Truist Financial Corp 6.047% 6/8/2027 (j)
  
5,460,000
5,487,281
Truist Financial Corp 7.161% 10/30/2029 (j)
  
5,700,000
6,136,289
US Bancorp 3.1% 4/27/2026
 
1,500,000
1,498,087
US Bancorp 6.787% 10/26/2027 (j)
  
3,720,000
3,789,696
US Bank NA/Cincinnati OH U.S. SOFR Index + 0.91%, 4.5822% 5/15/2028 (j)(k)
  
5,100,000
5,126,538
Wells Fargo & Co 2.393% 6/2/2028 (j)
  
5,900,000
5,783,845
Wells Fargo & Co 3.196% 6/17/2027 (j)
  
5,350,000
5,336,788
Wells Fargo & Co 4.182% 1/23/2030 (j)
  
4,320,000
4,335,308
Wells Fargo & Co 4.9% 1/24/2028 (j)
  
3,722,000
3,751,358
Wells Fargo & Co 4.97% 4/23/2029 (j)
  
5,858,000
5,972,323
Wells Fargo & Co 5.707% 4/22/2028 (j)
  
5,700,000
5,804,358
 
  
  
179,424,323
Capital Markets - 0.1%
  
  
  
Athene Global Funding 1.608% 6/29/2026 (i)
  
2,500,000
2,479,425
Athene Global Funding 4.86% 8/27/2026 (i)
  
5,300,000
5,319,202
Athene Global Funding 5.516% 3/25/2027 (i)
  
2,500,000
2,536,805
Bank of New York Mellon 4.729% 4/20/2029 (j)
  
1,617,000
1,644,586
Equitable America Global Funding 4.65% 6/9/2028 (i)
  
5,984,000
6,052,315
Equitable America Global Funding U.S. SOFR Index + 0.71%, 4.3998% 9/15/2027 (i)(j)(k)
  
3,343,000
3,344,336
Goldman Sachs Group Inc/The 1.431% 3/9/2027 (j)
  
2,910,000
2,908,223
Goldman Sachs Group Inc/The 1.542% 9/10/2027 (j)
  
2,000,000
1,973,712
Goldman Sachs Group Inc/The 1.948% 10/21/2027 (j)
  
5,800,000
5,721,929
Goldman Sachs Group Inc/The 4.148% 1/21/2029 (j)
  
3,200,000
3,201,325
Goldman Sachs Group Inc/The 4.387% 6/15/2027 (j)
  
3,000,000
3,002,580
Goldman Sachs Group Inc/The U.S. SOFR Index + 1.29%, 4.9569% 4/23/2028 (j)(k)
  
3,625,000
3,652,456
Intercontinental Exchange Inc 3.625% 9/1/2028
 
3,700,000
3,675,150
LPL Holdings Inc 4.9% 4/3/2028
 
1,904,000
1,926,033
Morgan Stanley 1.512% 7/20/2027 (j)
  
5,860,000
5,805,614
Morgan Stanley 1.593% 5/4/2027 (j)
  
4,000,000
3,983,149
Morgan Stanley 3.591% 7/22/2028 (j)
  
3,000,000
2,981,478
Morgan Stanley 4.238% 1/9/2030 (j)
  
8,510,000
8,539,772
Morgan Stanley 4.994% 4/12/2029 (j)
  
5,956,000
6,064,543
Morgan Stanley 5.164% 4/20/2029 (j)
  
4,600,000
4,704,423
Sammons Financial Group Global Funding 5.05% 1/10/2028 (i)
  
4,614,000
4,693,228
 
  
  
84,210,284
Consumer Finance - 0.0%
  
  
  
American Express Co 5.098% 2/16/2028 (j)
  
2,850,000
2,879,289
American Express Co 5.389% 7/28/2027 (j)
  
1,700,000
1,709,111
Capital One Financial Corp 1.878% 11/2/2027 (j)
  
3,700,000
3,642,169
Capital One Financial Corp 7.149% 10/29/2027 (j)
  
4,400,000
4,487,284
Ford Motor Credit Co LLC 4.97% 4/6/2029
 
417,000
419,659
Ford Motor Credit Co LLC 5.8% 3/5/2027
 
2,200,000
2,229,862
Ford Motor Credit Co LLC 5.85% 5/17/2027
 
4,000,000
4,065,549
Ford Motor Credit Co LLC 6.95% 6/10/2026
 
2,000,000
2,010,335
Stellantis Financial Services US Corp 4.95% 9/15/2028 (i)
  
1,370,000
1,381,276
 
  
  
22,824,534
Financial Services - 0.0%
  
  
  
CNH Industrial Capital LLC 1.45% 7/15/2026
 
5,700,000
5,642,296
CNH Industrial Capital LLC 4.5% 10/8/2027
 
3,700,000
3,726,343
Corebridge Financial Inc 3.65% 4/5/2027
 
2,810,000
2,795,253
Fiserv Inc 5.45% 3/2/2028
 
3,900,000
3,989,300
Global Payments Inc 4.5% 11/15/2028
 
4,849,000
4,860,153
Jackson Financial Inc 5.17% 6/8/2027
 
2,000,000
2,024,321
Western Union Co/The 1.35% 3/15/2026
 
3,000,000
2,996,557
 
  
  
26,034,223
Insurance - 0.0%
  
  
  
Aon North America Inc 5.125% 3/1/2027
 
3,250,000
3,283,257
Arthur J Gallagher & Co 4.6% 12/15/2027
 
3,068,000
3,102,451
Brown & Brown Inc 4.6% 12/23/2026
 
1,716,000
1,724,394
Brown & Brown Inc 4.7% 6/23/2028
 
956,000
965,041
Corebridge Global Funding 4.9% 1/7/2028 (i)
  
2,236,000
2,273,953
Corebridge Global Funding 5.2% 1/12/2029 (i)
  
4,110,000
4,231,146
Equitable Financial Life Global Funding 1.3% 7/12/2026 (i)
  
1,000,000
990,229
Equitable Financial Life Global Funding 1.8% 3/8/2028 (i)
  
4,000,000
3,822,641
Fortitude Group Holdings LLC 6.25% 4/1/2030 (i)
  
2,924,000
3,037,034
Jackson National Life Global Funding 4.9% 1/13/2027 (i)
  
4,333,000
4,364,564
Jackson National Life Global Funding 5.55% 7/2/2027 (i)
  
2,512,000
2,557,428
Jackson National Life Global Funding U.S. SOFR Index + 0.97%, 4.636% 1/14/2028 (i)(j)(k)
  
2,500,000
2,505,803
MassMutual Global Funding II 5.1% 4/9/2027 (i)
  
3,400,000
3,449,396
Metropolitan Tower Global Funding 4% 10/1/2027 (i)
  
1,400,000
1,404,457
RGA Global Funding 4.35% 8/25/2028 (i)
  
5,930,000
5,960,064
Western-Southern Global Funding 4.25% 1/29/2029 (i)
  
5,001,000
5,023,184
 
  
  
48,695,042
TOTAL FINANCIALS
  
  
361,188,406
Health Care - 0.0%
  
  
  
Biotechnology - 0.0%
  
  
  
Amgen Inc 5.15% 3/2/2028
 
342,000
350,235
Health Care Providers & Services - 0.0%
  
  
  
Cigna Group/The 1.25% 3/15/2026
 
803,000
802,089
Cigna Group/The 3.4% 3/1/2027
 
3,000,000
2,988,841
CVS Health Corp 2.875% 6/1/2026
 
3,870,000
3,860,247
CVS Health Corp 4.3% 3/25/2028
 
4,010,000
4,033,550
CVS Health Corp 5% 1/30/2029
 
4,140,000
4,249,069
HCA Inc 4.5% 2/15/2027
 
4,000,000
4,006,706
HCA Inc 5% 3/1/2028
 
2,388,000
2,437,455
HCA Inc 5.25% 6/15/2026
 
2,735,000
2,736,807
Icon Investments Six DAC 5.809% 5/8/2027
 
3,353,000
3,382,975
 
  
  
28,497,739
Pharmaceuticals - 0.0%
  
  
  
Haleon US Capital LLC 3.375% 3/24/2027
 
1,870,000
1,860,951
TOTAL HEALTH CARE
  
  
30,708,925
Industrials - 0.0%
  
  
  
Aerospace & Defense - 0.0%
  
  
  
Boeing Co 6.259% 5/1/2027
 
302,000
309,380
L3Harris Technologies Inc 5.4% 1/15/2027
 
2,000,000
2,026,511
 
  
  
2,335,891
Machinery - 0.0%
  
  
  
Ingersoll Rand Inc 5.197% 6/15/2027
 
4,100,000
4,159,940
Professional Services - 0.0%
  
  
  
Leidos Inc 4.1% 3/15/2029 (g)
  
1,679,000
1,683,300
TOTAL INDUSTRIALS
  
  
8,179,131
Information Technology - 0.0%
  
  
  
Communications Equipment - 0.0%
  
  
  
Cisco Systems Inc 4.8% 2/26/2027
 
3,000,000
3,028,826
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Dell International LLC / EMC Corp 4.15% 2/15/2029
 
3,752,000
3,765,429
Dell International LLC / EMC Corp 4.75% 4/1/2028
 
4,400,000
4,470,410
Dell International LLC / EMC Corp 4.9% 10/1/2026
 
3,000,000
3,010,460
 
  
  
11,246,299
Semiconductors & Semiconductor Equipment - 0.0%
  
  
  
Broadcom Inc 5.05% 7/12/2027
 
1,499,000
1,523,859
Software - 0.0%
  
  
  
Oracle Corp 2.65% 7/15/2026
 
4,000,000
3,976,048
Oracle Corp U.S. SOFR Averages Index + 1.11%, 4.777% 2/4/2029 (j)(k)
  
6,600,000
6,590,562
VMware LLC 1.8% 8/15/2028
 
4,000,000
3,803,821
 
  
  
14,370,431
Technology Hardware, Storage & Peripherals - 0.0%
  
  
  
Hewlett Packard Enterprise Co 4.4% 9/25/2027
 
1,832,000
1,842,542
TOTAL INFORMATION TECHNOLOGY
  
  
32,011,957
Materials - 0.0%
  
  
  
Chemicals - 0.0%
  
  
  
Celanese US Holdings LLC 1.4% 8/5/2026
 
2,904,000
2,860,959
Mosaic Co/The 4.05% 11/15/2027
 
3,700,000
3,703,205
 
  
  
6,564,164
Construction Materials - 0.0%
  
  
  
Amrize Finance US LLC 4.6% 4/7/2027
 
1,613,000
1,624,790
TOTAL MATERIALS
  
  
8,188,954
Real Estate - 0.0%
  
  
  
Diversified REITs - 0.0%
  
  
  
VICI Properties LP 4.75% 2/15/2028
 
3,980,000
4,019,565
VICI Properties LP 4.75% 4/1/2028
 
300,000
302,947
 
  
  
4,322,512
Specialized REITs - 0.0%
  
  
  
American Tower Corp 1.6% 4/15/2026
 
3,000,000
2,991,370
American Tower Corp 3.125% 1/15/2027
 
3,600,000
3,571,866
American Tower Corp 5.25% 7/15/2028
 
3,600,000
3,703,883
 
  
  
10,267,119
TOTAL REAL ESTATE
  
  
14,589,631
Utilities - 0.0%
  
  
  
Electric Utilities - 0.0%
  
  
  
Cleco Corporate Holdings LLC 3.743% 5/1/2026
 
2,600,000
2,595,976
Duke Energy Corp 2.65% 9/1/2026
 
1,000,000
993,421
Eversource Energy 4.75% 5/15/2026
 
1,800,000
1,802,473
Exelon Corp 5.15% 3/15/2029
 
586,000
605,736
FirstEnergy Corp 3.9% 7/15/2027 (l)
  
6,360,000
6,386,257
FirstEnergy Transmission LLC 2.866% 9/15/2028 (i)
  
4,170,000
4,056,059
NextEra Energy Capital Holdings Inc 4.685% 9/1/2027
 
2,656,000
2,686,118
Pacific Gas and Electric Co 2.1% 8/1/2027
 
3,900,000
3,800,509
Pacific Gas and Electric Co 5.45% 6/15/2027
 
2,000,000
2,032,700
Pinnacle West Capital Corp 4.9% 5/15/2028
 
795,000
810,434
Southern Co/The 5.5% 3/15/2029
 
893,000
930,771
Vistra Operations Co LLC 5.05% 12/30/2026 (i)
  
1,265,000
1,278,731
 
  
  
27,979,185
Multi-Utilities - 0.0%
  
  
  
CenterPoint Energy Inc 1.45% 6/1/2026
 
3,000,000
2,980,492
Dominion Energy Inc 2.85% 8/15/2026
 
2,000,000
1,990,042
DTE Energy Co 4.875% 6/1/2028
 
3,617,000
3,686,658
DTE Energy Co 4.95% 7/1/2027
 
1,227,000
1,241,615
 
  
  
9,898,807
TOTAL UTILITIES
  
  
37,877,992
TOTAL UNITED STATES
  
  
650,051,062
 
TOTAL NON-CONVERTIBLE CORPORATE BONDS
 (Cost $1,053,343,812)
  
  
  
1,063,784,324
 
  
  
  
U.S. Treasury Obligations - 0.3%
 
  
Yield (%) (n)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 4/16/2026 (o)
  
3.60
1,100,000
1,095,020
US Treasury Bills 0% 4/21/2026
 
3.65
70,800,000
70,444,033
US Treasury Bills 0% 4/23/2026 (o)
  
3.59
7,990,000
7,948,337
US Treasury Bills 0% 5/14/2026 (o)
  
3.64
1,114,000
1,105,890
US Treasury Bills 0% 5/21/2026 (o)
  
3.62
2,120,000
2,103,110
US Treasury Bills 0% 5/28/2026 (o)
  
3.61
8,270,000
8,198,388
US Treasury Notes 3.5% 10/31/2027
 
3.47 to 3.58
111,721,400
111,847,959
US Treasury Notes 3.625% 5/31/2028
 
3.98 to 4.27
91,805,900
92,268,515
US Treasury Notes 4.25% 3/15/2027 (o)
  
3.57 to 4.69
157,069,800
158,242,725
US Treasury Notes 4.5% 7/15/2026 (p)
  
4.12 to 4.92
173,934,500
174,472,339
 
TOTAL U.S. TREASURY OBLIGATIONS
 (Cost $624,498,039)
  
  
  
627,726,316
 
  
  
  
  
Money Market Funds - 2.1%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (q)
  
3.70
2,389,094,745
2,389,572,564
Fidelity Securities Lending Cash Central Fund (q)(r)
  
3.69
2,207,827,493
2,208,048,276
State Street Institutional U.S. Government Money Market Fund Premier Class (s)
  
3.63
899,068
899,068
 
TOTAL MONEY MARKET FUNDS
 (Cost $4,598,516,146)
  
  
  
4,598,519,908
 
  
  
  
  
 Purchased Options - 0.0%
 
Counterparty
Number
of Contracts
Notional Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Put Options
  
  
  
  
  
  
GE Aerospace
Chicago Board Options Exchange
800
27,380,800
290
5/2026
478,000
GE Vernova Inc
Chicago Board Options Exchange
329
28,741,440
730
6/2026
1,258,425
S&P 500 Index
Chicago Board Options Exchange
113
77,731,344
5,900
3/2026
1,695
S&P 500 Index
Chicago Board Options Exchange
13
8,942,544
6,480
3/2026
1,137
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,350
3/2026
2,940
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,450
3/2026
4,800
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
5,925
3/2026
8,835
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
5,975
3/2026
19,380
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,250
3/2026
4,260
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,375
3/2026
6,840
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
5,850
3/2026
27,930
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,250
3/2026
8,280
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,170
3/2026
6,420
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
5,900
3/2026
45,600
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,075
3/2026
7,140
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,150
3/2026
8,580
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
5,800
3/2026
53,580
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,050
3/2026
9,600
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,025
3/2026
9,000
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
5,975
3/2026
10,620
S&P 500 Index
Chicago Board Options Exchange
126
86,673,888
5,875
3/2026
90,720
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
5,925
3/2026
12,480
S&P 500 Index
Chicago Board Options Exchange
113
77,731,344
5,775
3/2026
105,185
S&P 500 Index
Chicago Board Options Exchange
13
8,942,544
5,850
3/2026
11,635
S&P 500 Index
Chicago Board Options Exchange
13
8,942,544
5,850
3/2026
13,780
 
  
  
  
  
  
  
 
  
  
  
  
  
2,206,862
TOTAL PURCHASED OPTIONS
(Cost $3,024,449)
  
  
  
  
  
2,206,862
 
 
 
TOTAL INVESTMENT IN SECURITIES - 101.0%
 (Cost $168,161,222,318)
 
  
 
223,344,410,239
NET OTHER ASSETS (LIABILITIES) - (1.0)% (m)
(2,225,553,252)
NET ASSETS - 100.0%
221,118,856,987
 
  
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
  
  
  
  
 
  
  
  
  
Equity Contracts
  
  
  
  
CME E-Mini Russell 2000 Index Contracts (United States)
27
3/2026
3,556,845
38,350
CME E-Mini S&P 500 Index Contracts (United States)
4,865
3/2026
1,675,749,250
(1,017,231)
CME E-Mini S&P 500 Index Contracts (United States)
390
3/2026
13,433,550
24,508
CME E-Mini S&P MidCap 400 Index Contracts (United States)
19
3/2026
6,798,010
234,493
 
  
  
  
  
TOTAL LONG
  
  
  
(719,880)
 
  
  
  
  
SHORT
  
  
  
  
 
  
  
  
  
Interest Rate Contracts
  
  
  
  
CBOT 2Y US Treasury Notes Contracts (United States)
(2,065)
6/2026
(432,068,984)
(616,599)
CBOT 5Y US Treasury Notes Contracts (United States)
(513)
6/2026
(56,490,117)
(297,462)
 
  
  
  
  
TOTAL SHORT
  
  
  
(914,061)
 
  
  
  
  
TOTAL FUTURES CONTRACTS
  
  
  
(1,633,941)
The notional amount of long futures as a percentage of Net Assets is 0.8%.
The notional amount of short futures as a percentage of Net Assets is 0.2%.

 Written Options
 
Counterparty
Number
of Contracts
Notional
Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Call Options
  
  
  
  
  
  
GE Aerospace
Chicago Board Options Exchange
2,179
74,578,454
370.00
5/2026
(2,249,818)
GE Aerospace
Chicago Board Options Exchange
1,379
47,197,654
360.00
5/2026
(1,892,678)
GE Aerospace
Chicago Board Options Exchange
1,379
47,197,654
350.00
4/2026
(1,675,485)
GE Aerospace
Chicago Board Options Exchange
1,149
39,325,674
370.00
3/2026
(163,733)
GE Vernova Inc
Chicago Board Options Exchange
330
28,828,800
900.00
5/2026
(2,326,500)
GE Vernova Inc
Chicago Board Options Exchange
567
49,533,120
800.00
4/2026
(6,052,725)
GE Vernova Inc
Chicago Board Options Exchange
570
49,795,200
860.00
4/2026
(3,961,500)
GE Vernova Inc
Chicago Board Options Exchange
329
28,741,440
950.00
6/2026
(2,197,720)
GE Vernova Inc
Chicago Board Options Exchange
567
49,533,120
780.00
3/2026
(5,902,470)
Huntington Ingalls Industries Inc
Chicago Board Options Exchange
240
10,668,480
410.00
3/2026
(954,000)
Huntington Ingalls Industries Inc
Chicago Board Options Exchange
150
6,667,800
450.00
3/2026
(212,250)
Micron Technology Inc
Chicago Board Options Exchange
633
26,103,021
360.00
3/2026
(4,060,695)
Micron Technology Inc
Chicago Board Options Exchange
633
26,103,021
370.00
3/2026
(3,600,188)
Micron Technology Inc
Chicago Board Options Exchange
603
24,865,911
390.00
3/2026
(2,630,588)
Wells Fargo & Co
Chicago Board Options Exchange
3,076
25,054,020
105.00
5/2026
(79,976)
Wells Fargo & Co
Chicago Board Options Exchange
3,086
25,135,470
100.00
4/2026
(69,435)
 
  
  
  
  
  
  
 
  
  
  
  
  
(38,029,761)
Put Options
  
  
  
  
  
  
S&P 500 Index
Chicago Board Options Exchange
113
77,731,344
6,775.00
3/2026
(159,895)
S&P 500 Index
Chicago Board Options Exchange
13
8,942,544
6,815.00
3/2026
(27,690)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,800.00
3/2026
(46,500)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,840.00
3/2026
(59,160)
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
6,795.00
3/2026
(428,070)
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
6,850.00
3/2026
(716,490)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,790.00
3/2026
(55,800)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,830.00
3/2026
(68,280)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,820.00
3/2026
(79,680)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,780.00
3/2026
(67,620)
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
6,730.00
3/2026
(522,690)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,775.00
3/2026
(75,480)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,810.00
3/2026
(85,920)
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
6,740.00
3/2026
(629,850)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,800.00
3/2026
(93,660)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,770.00
3/2026
(84,780)
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
6,705.00
3/2026
(651,510)
S&P 500 Index
Chicago Board Options Exchange
126
86,673,888
6,760.00
3/2026
(955,710)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,790.00
3/2026
(99,780)
S&P 500 Index
Chicago Board Options Exchange
113
77,731,344
6,715.00
3/2026
(955,957)
S&P 500 Index
Chicago Board Options Exchange
13
8,942,544
6,755.00
3/2026
(106,600)
S&P 500 Index
Chicago Board Options Exchange
12
8,254,656
6,785.00
3/2026
(106,980)
S&P 500 Index
Chicago Board Options Exchange
13
8,942,544
6,780.00
3/2026
(122,005)
 
  
  
  
  
  
  
 
  
  
  
  
  
(6,200,107)
TOTAL WRITTEN OPTIONS
  
  
  
  
  
(44,229,868)
 
 
 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
At Maturity
U.s. Sofr Index plus 53 basis points
At Maturity
Bank of America NA
3/2026
25,908
  
402,224,550
(6,340,971)
0
(6,340,971)
S&P 500 Index
Receives
At Maturity
U.s. Sofr Index plus 46 basis points
At Maturity
Goldman Sachs International
3/2026
29,175
  
444,563,953
2,046,750
0
2,046,750
S&P 500 Index
Receives
At Maturity
U.s. Sofr Index plus 41 basis points
At Maturity
BMO Capital Markets Corp
3/2026
6,490
  
99,875,454
(424,381)
0
(424,381)
TOTAL RETURN SWAPS
  
  
  
  
  
  
  
  
  
(4,718,602)
0
(4,718,602)
Security Type Abbreviations
ETF
-
EXCHANGE-TRADED FUND
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Affiliated fund.
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
Non-income producing.
 
(e)
Security or a portion of the security is pledged as collateral for options written. At period end, the value of securities pledged amounted to $741,892,865.
 
(f)
Level 3 security.
 
(g)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(h)
Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $88,459,477 or 0.0% of net assets.
 
(i)
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 $701,479,499 or 0.3% of net assets.
 
(j)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(k)
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
 
(l)
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.
 
(m)
Includes $9,032,295 of cash collateral to cover margin requirements for futures contracts.
 
(n)
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.
 
(o)
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 $114,389,033.
 
(p)
Security or a portion of the security has been segregated as collateral for over the counter (OTC) derivatives. At period end, the value of securities pledged amounts to $22,865,487.
 
(q)
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.
 
(r)
Investment made with cash collateral received from securities on loan.
 
(s)
The rate quoted is the annualized seven-day yield of the fund at period end.
 
At period end, the value of non-cash collateral for securities on loan amounted to $20,386,552.
 
 
 
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
1,481,097,545
13,895,051,239
12,986,565,102
51,922,231
(11,118)
-
2,389,572,564
2,389,094,745
3.8%
Fidelity Securities Lending Cash Central Fund
1,458,233,433
5,888,605,015
5,138,784,837
2,502,310
(5,335)
-
2,208,048,276
2,207,827,493
6.2%
Total
2,939,330,978
19,783,656,254
18,125,349,939
54,424,541
(16,453)
-
4,597,620,840
  
  
 
  
  
  
  
  
  
  
  
  
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.
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 Class Z
4,056,740,504
2,749,441,630
-
94,105,101
-
718,869,648
7,525,051,782
28,895,829
Fidelity Contrafund
5,611,614,537
256,642,908
6,557,238,655
256,512,634
3,017,373,393
(2,328,392,183)
-
-
Fidelity Extended Market Index Fund
3,729,881,405
24,096,444
50,000,000
24,096,444
(839,442)
679,706,624
4,382,845,031
42,069,927
Fidelity Growth Company Fund
14,918,643,407
3,355,971,740
-
975,554,049
-
3,550,074,720
21,824,689,867
449,715,431
Fidelity Magellan Fund Class Z
8,982,286,742
391,305,381
550,000,000
391,305,380
8,614,442
(75,030,771)
8,757,175,794
596,537,861
Fidelity SAI Inflation-Focused Fund
1,185
87
-
87
-
233
1,505
15
Fidelity SAI Small-Mid Cap 500 Index Fund
673,825,773
2,378,532,009
483,527,250
82,452,609
70,192,825
26,468,383
2,665,491,740
524,703,098
Fidelity SAI U.S. Large Cap Index Fund
1,850,551,520
1,471,983,982
772,362,654
16,407,927
46,924,804
361,120,497
2,958,218,149
107,885,418
Fidelity SAI U.S. Low Volatility Index Fund
7,588,476,519
3,299,099,673
-
465,149,990
-
585,756,255
11,473,332,447
483,902,676
Fidelity SAI U.S. Momentum Index Fund
3,110,002,692
1,177,620,873
-
111,683,516
-
196,896,783
4,484,520,348
231,041,749
Fidelity SAI U.S. Quality Index Fund
17,139,165,419
4,119,109,502
-
738,294,737
-
1,300,757,660
22,559,032,581
960,776,515
Fidelity SAI U.S. Value Index Fund
4,546,014,185
1,429,868,999
-
404,287,799
-
851,975,708
6,827,858,892
485,968,604
Fidelity Small Cap Growth Fund Class Z
1,432,992,521
218,317,137
-
102,317,137
-
250,995,422
1,902,305,080
51,150,984
Fidelity Small Cap Index Fund
857,231,619
4,322,855
948,709,610
4,322,855
237,191,410
(150,036,274)
-
-
 
74,497,428,028
20,876,313,220
9,361,838,169
3,666,490,265
3,379,457,432
5,969,162,705
95,360,523,216
  
 
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.  U.S. Treasury Obligations, Bank Notes, 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 Commercial 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. 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.
 
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.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
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. 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.  
 
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.
 
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 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.
 
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 or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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