Quarterly Holdings Report
for
Strategic Advisers® U.S. Total Stock Fund
Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public
February 28, 2026
STS-NPRT3-0426
1.9911786.101
Asset-Backed Securities - 0.3%
 
 
Principal
Amount (a)
 
Value ($)
 
BAILIWICK OF JERSEY - 0.0%
 
 
 
Unity-Peace Park CLO Ltd Series 2026-1A Class A1R, CME Term SOFR 3 month Index + 1.06%, 4.7231% 4/20/2035 (i)(l)(m)
 
4,800,000
4,803,346
GRAND CAYMAN (UK OVERSEAS TER) - 0.1%
 
 
 
522 Funding CLO Ltd Series 2024-6A Class A1R2, CME Term SOFR 3 month Index + 1.2%, 4.871% 10/23/2034 (i)(l)(m)
 
3,250,000
3,253,523
Ammc Cdo Series 2024-24A Class AR, CME Term SOFR 3 month Index + 1.2%, 4.8676% 1/20/2035 (i)(l)(m)
 
3,500,000
3,506,335
Anchorage Credit Funding 12 Ltd Series 2020-12A Class A1, 3.177% 10/25/2038 (i)
 
570,851
555,685
Anchorage Credit Funding 13 Ltd Series 2021-13A Class A1, 2.875% 7/27/2039 (i)
 
300,000
288,238
Anchorage Credit Funding 3 Ltd Series 2021-3A Class A1R, 2.871% 1/28/2039 (i)
 
500,000
482,249
Anchorage Credit Funding 4 Ltd Series 2021-4A Class AR, 2.723% 4/27/2039 (i)
 
300,000
287,361
Apidos Clo Xxx Series 2024-XXXA Class A2R, CME Term SOFR 3 month Index + 1.5%, 5.1676% 10/18/2031 (i)(l)(m)
 
1,550,000
1,550,777
Ares Xxvii Clo Ltd Series 2024-2A Class AR3, CME Term SOFR 3 month Index + 1.15%, 4.8213% 10/28/2034 (i)(l)(m)
 
3,000,000
3,000,000
Atlantic Ave Ltd / Atlantic Ave LLC Series 2024-3A Class A, CME Term SOFR 3 month Index + 1.26%, 4.9276% 1/20/2035 (i)(l)(m)
 
2,500,000
2,505,800
Atlas Senior Loan Fund Xv Ltd Series 2024-15A Class A1R, CME Term SOFR 3 month Index + 1.22%, 4.891% 10/23/2032 (i)(l)(m)
 
240,025
240,389
Bain Capital Credit CLO Ltd Series 2024-5A Class A1R, CME Term SOFR 3 month Index + 1.15%, 4.821% 10/23/2034 (i)(l)(m)
 
4,000,000
4,002,360
Bain Capital Credit CLO Series 2024-3A Class A1RR, CME Term SOFR 3 month Index + 1.21%, 4.881% 10/23/2034 (i)(l)(m)
 
4,300,000
4,300,000
Bain Capital Credit CLO Series 2024-3A Class BRR, CME Term SOFR 3 month Index + 1.6%, 5.271% 10/23/2034 (i)(l)(m)
 
2,000,000
2,000,000
Carlyle Global Market Strategies CLO Ltd Series 2024-3A Class ARRR, CME Term SOFR 3 month Index + 1.09%, 4.7576% 7/20/2034 (i)(l)(m)
 
4,600,000
4,602,001
Crown Point Clo 7 Ltd Series 2024-7A Class AR, CME Term SOFR 3 month Index + 1.23%, 4.8976% 10/20/2031 (i)(l)(m)
 
14,374
14,377
Dryden 55 Clo Ltd Series 2018-55A Class A1, CME Term SOFR 3 month Index + 1.2816%, 4.9538% 4/15/2031 (i)(l)(m)
 
76,767
76,878
Elevation CLO Ltd Series 2024-3A Class A2R2, CME Term SOFR 3 month Index + 1.6%, 5.268% 1/25/2035 (i)(l)(m)
 
2,000,000
2,000,488
Elevation CLO Ltd Series 2024-3A Class BR2, CME Term SOFR 3 month Index + 1.85%, 5.518% 1/25/2035 (i)(l)(m)
 
2,000,000
2,000,560
Fortress Credit Bsl VII Ltd Series 2024-1A Class A1R, CME Term SOFR 3 month Index + 1.09%, 4.761% 7/23/2032 (i)(l)(m)
 
575,312
575,511
Greywolf Clo III Ltd Series 2024-3RA Class A2R2, CME Term SOFR 3 month Index + 1.85%, 5.5192% 4/22/2033 (i)(l)(m)
 
1,200,000
1,201,138
ICG US CLO Ltd Series 2024-3A Class AR, CME Term SOFR 3 month Index + 1.15%, 4.8176% 10/20/2034 (i)(l)(m)
 
4,800,000
4,799,842
Jamestown Clo Xvi Ltd Series 2024-16A Class AR, CME Term SOFR 3 month Index + 1.12%, 4.788% 7/25/2034 (i)(l)(m)
 
4,800,000
4,803,931
Lcm Loan Income Fund I Ltd Series 2018-1A Class B, CME Term SOFR 3 month Index + 1.7116%, 5.3792% 4/20/2031 (i)(l)(m)
 
2,183,112
2,184,549
Lcm Ltd Series 2026-39A Class A1R2, CME Term SOFR 3 month Index + 1.04%, 4.703% 10/15/2034 (i)(l)(m)
 
2,700,000
2,699,987
Mountain View Clo Xiv Ltd Series 2021-1A Class A1R, CME Term SOFR 3 month Index + 1.159%, 6.813% 10/15/2034 (i)(l)(m)
 
1,000,000
1,001,319
Ofsi Bsl Xi Ltd Series 2024-10A Class AR, CME Term SOFR 3 month Index + 1.27%, 4.9376% 4/20/2034 (i)(l)(m)
 
1,100,000
1,101,040
Pikes Peak Clo 4 Series 2024-4A Class ARR, CME Term SOFR 3 month Index + 1.21%, 4.8822% 7/15/2034 (i)(l)(m)
 
4,500,000
4,502,210
Romark Credit Funding II Ltd Series 2021-2A Class A, 2.625% 10/25/2039 (i)
 
400,000
381,632
Sandstone Peak Ltd Series 2024-1A Class A1R, CME Term SOFR 3 month Index + 1.28%, 4.9522% 10/15/2034 (i)(l)(m)
 
1,500,000
1,500,000
Sandstone Peak Ltd Series 2024-1A Class B1R, CME Term SOFR 3 month Index + 1.83%, 5.5022% 10/15/2034 (i)(l)(m)
 
4,000,000
4,000,000
Sound Point CLO XXVIII Ltd Series 2024-3A Class A1R, CME Term SOFR 3 month Index + 1.28%, 4.948% 1/25/2032 (i)(l)(m)
 
298,656
299,088
Trysail CLO Ltd Series 2022-1A Class A, CME Term SOFR 3 month Index + 1.239%, 4.9066% 10/20/2033 (i)(l)(m)
 
4,000,000
4,004,704
TOTAL GRAND CAYMAN (UK OVERSEAS TER)
 
 
67,721,972
IRELAND - 0.0%
 
 
 
Arbour Clo VII DAC Series 2024-7A Class BR, 3 month EURIBOR + 2.05%, 4.15% 12/15/2038 (i)(l)(m)
EUR
3,200,000
3,792,437
Ares European CLO XIV DAC Series 2024-14A Class AR, 3 month EURIBOR + 1.03%, 3.063% 10/21/2034 (i)(l)(m)
EUR
1,531,731
1,810,854
BBAM European CLO I DAC Series 2021-1A Class AR, 3 month EURIBOR + 0.87%, 2.897% 7/22/2034 (i)(l)(m)
EUR
1,000,000
1,181,600
BBAM European CLO Series 2022-3A Class A, 3 month EURIBOR + 0.92%, 2.936% 1/15/2036 (i)(l)(m)
EUR
1,500,000
1,771,514
Capital Four CLO IV DAC Series 2026-4A Class ARR, 3 month EURIBOR + 1.19%, 3.175% 4/15/2038 (i)(l)(m)
EUR
3,500,000
4,135,600
CVC Cordatus Loan Fund XIV DAC Series 2021-14A Class A1R, 3 month EURIBOR + 0.85%, 2.874% 5/22/2032 (i)(l)(m)
EUR
1,718,211
2,030,630
CVC Cordatus Loan Fund XXXIII DAC Series 2024-33A Class A1, 3 month EURIBOR + 1.29%, 3.312% 3/24/2038 (i)(l)(m)
EUR
5,200,000
6,159,392
Dryden 7a Euro Clo 2020 Designated Activity CO Series 2025-74A Class B2R, 5% 10/18/2039 (i)
EUR
1,000,000
1,182,381
Grosvenor Place Clo Dac Series 2024-2A Class A, 3 month EURIBOR + 1.24%, 3.256% 1/15/2039 (i)(l)(m)
EUR
2,200,000
2,608,356
Hayfin Emerald CLO V DAC Series 2024-5A Class AR, 3 month EURIBOR + 1.21%, 3.194% 11/17/2037 (i)(l)(m)
EUR
1,400,000
1,655,044
Indigo Credit Management II DAC Series 2024-2A Class B, 3 month EURIBOR + 2.1%, 4.116% 7/15/2038 (i)(l)(m)
EUR
2,500,000
2,957,081
Palmer Square European Loan Funding DAC Series 2024-3A Class B, 3 month EURIBOR + 1.85%, 3.834% 5/15/2034 (i)(l)(m)
EUR
2,000,000
2,371,339
Palmer Square European Loan Funding DAC Series 2024-3A Class BR, 3 month EURIBOR + 1.65%, 3.634% 5/15/2033 (i)(l)(m)
EUR
3,000,000
3,549,968
Tikehau Clo IX DAC Series 2024-9A Class AR, 3 month EURIBOR + 1.22%, 3.246% 1/20/2037 (i)(l)(m)
EUR
900,000
1,064,115
TOTAL IRELAND
 
 
36,270,311
SINGAPORE - 0.0%
 
 
 
Bayfront Iabs VII Pte Ltd Series 2025-7A Class A, U.S. SOFR Index + 1.28%, 5.0428% 4/11/2048 (i)(l)(m)
 
2,700,000
2,701,922
UNITED STATES - 0.2%
 
 
 
ABFC Series 2006-HE1 Class A2B, CME Term SOFR 1 month Index + 0.3345%, 4.0082% 1/25/2037 (m)
 
7,008,413
3,939,475
ABFC Series 2007-WMC1 Class A1A, CME Term SOFR 1 month Index + 1.3645%, 5.0382% 6/25/2037 (l)(m)
 
800,893
577,669
Accredited Mortgage Loan Trust Series 2004-4 Class A2D, CME Term SOFR 1 month Index + 0.7%, 4.4882% 1/25/2035 (l)(m)
 
711,512
709,003
ACE Securities Corp Series 2005-HE5 Class M4, CME Term SOFR 1 month Index + 1.0145%, 4.6882% 8/25/2035 (m)
 
207,142
208,582
Ameriquest Mortgage Securities, Inc. Series 2004-R5 Class M2, CME Term SOFR 1 month Index + 1.9895%, 5.6632% 7/25/2034 (m)
 
1,488,647
1,490,449
Ameriquest Mortgage Securities, Inc. Series 2004-R6 Class M4, CME Term SOFR 1 month Index + 5.3645%, 9.0371% 7/25/2034 (m)
 
1,371,868
1,193,083
Argent Securities Inc Series 2004-W10 Class M1, CME Term SOFR 1 month Index + 1.1945%, 4.8671% 1/25/2034 (m)
 
256,209
248,817
Argent Securities Inc Series 2005-W3 Class M1, CME Term SOFR 1 month Index + 0.7745%, 4.4482% 11/25/2035 (m)
 
1,922,110
1,891,689
Asset Backed Securities Corp Home Equity Loan Trust Series 2007-HE2 Class A4, CME Term SOFR 1 month Index + 0.3445%, 4.0182% 5/25/2037 (m)
 
1,234,311
898,029
Bear Stearns Asset Backed Securities I Trust Series 2005-EC1 Class M4, CME Term SOFR 1 month Index + 1.1645%, 4.7283% 11/25/2035 (l)(m)
 
2,293,285
2,214,781
Bear Stearns Asset Backed Securities I Trust Series 2006-EC2 Class M4, CME Term SOFR 1 month Index + 0.9845%, 4.6582% 2/25/2036 (m)
 
6,244,096
5,798,800
Bear Stearns Asset Backed Securities I Trust Series 2006-HE2 Class M2, CME Term SOFR 1 month Index + 0.615%, 4.4032% 2/25/2036 (l)(m)
 
633,448
632,090
Bear Stearns Asset Backed Securities I Trust Series 2007-HE3 Class 1A4, CME Term SOFR 1 month Index + 0.35%, 4.4882% 4/25/2037 (l)(m)
 
3,495,707
3,358,222
Bridgecrest Lending Auto Securitization Trust Series 2023-1 Class B, 6.8% 8/15/2029
 
1,005,307
1,007,198
Bridgecrest Lending Auto Securitization Trust Series 2024-4 Class A3, 4.72% 9/15/2028
 
2,540,709
2,545,000
Carrington Mortgage Loan Trust Series 2007-RFC1 Series 2007-RFC1 Class A3, CME Term SOFR 1 month Index + 0.3945%, 4.0682% 12/25/2036 (l)(m)
 
143,012
140,929
Carrington Mtg Ln Tr Ser 2006 Nc2 Series 2006-NC2 Class A4, CME Term SOFR 1 month Index + 0.5945%, 4.2682% 6/25/2036 (l)(m)
 
1,892,509
1,857,055
Cascade MH Asset Trust Series 2024-MH1 Class A1, 5.695% 11/25/2056 (i)
 
892,008
926,650
Centex Home Equity Loan Trust Series 2004-D Class MV5, CME Term SOFR 1 month Index + 1.9145%, 5.5882% 9/25/2034 (m)
 
573,882
536,775
Citigroup Mortgage Loan Trust Series 2005-HE1 Class M4, CME Term SOFR 1 month Index + 1.1495%, 4.8232% 5/25/2035 (l)(m)
 
1,192,136
1,155,134
Cps Auto Receivables Trust Series 2022-A Class D, 2.84% 4/16/2029 (i)
 
1,833,758
1,828,045
EFMT Series 2025-CES1 Class A1A, 5.726% 1/25/2060 (i)
 
1,666,342
1,688,400
EFMT Trust Series 2025-CES2 Class A1A, 5.655% 2/25/2060 (i)
 
1,680,913
1,702,574
Equifirst Loan Securitization Trust Series 2007-1 Class A1, CME Term SOFR 1 month Index + 0.4545%, 4.1282% 4/25/2037 (i)(m)
 
908,351
860,515
Exeter Automobile Receivables Trust Series 2024-5A Class A3, 4.45% 3/15/2028
 
108,021
108,041
Exeter Automobile Receivables Trust Series 2024-5A Class B, 4.48% 4/16/2029
 
750,000
751,298
Exeter Automobile Receivables Trust Series 2024-5A Class C, 4.64% 1/15/2030
 
750,000
754,720
Fieldstone Mortgage Investment Trust Series 2004-3 Series 2004-5 Class M4, CME Term SOFR 1 month Index + 2.8145%, 6.4882% 2/25/2035 (m)
 
3,946,639
2,602,062
Fieldstone Mortgage Investment Trust Series 2006-2 Class 2A3, CME Term SOFR 1 month Index + 0.6545%, 4.3282% 7/25/2036 (m)
 
3,352,707
1,856,554
First Franklin Mortgage Loan Trust Series 2004-FFH3 Class M3, CME Term SOFR 1 month Index + 1.1645%, 4.8382% 10/25/2034 (m)
 
1,162,404
1,072,165
Flagship Credit Auto Trust Series 2023-2 Class B, 5.21% 5/15/2028 (i)
 
2,182,136
2,183,340
GLS Auto Receivables Issuer Trust Series 2024-3A Class B, 5.08% 1/16/2029 (i)
 
1,500,000
1,508,379
GLS Auto Receivables Issuer Trust Series 2024-3A Class C, 5.21% 2/18/2031 (i)
 
1,500,000
1,521,713
Gls Auto Select Receivables Trust Series 2024-4A Class A2, 4.43% 12/17/2029 (i)
 
2,303,578
2,312,211
Gls Auto Select Receivables Trust Series 2024-4A Class B, 4.5% 11/15/2030 (i)
 
2,000,000
2,018,900
GM Financial Consumer Automobile Receivables Trust Series 2023-1 Class A3, 4.66% 2/16/2028
 
707,009
708,695
Greensky Home Improvement Trust Series 2024-2 Class A4, 5.15% 10/27/2059 (i)
 
839,048
854,665
GSAMP Trust 2006-HE5 Series 2006-HE5 Class A2D, CME Term SOFR 1 month Index + 0.24%, 4.2682% 8/25/2036 (l)(m)
 
1,269,819
1,188,145
GSAMP Trust 2007-NC1 Series 2007-NC1 Class A1, CME Term SOFR 1 month Index + 0.3745%, 4.0482% 12/25/2046 (m)
 
1,046,784
557,606
GSAMP Trust 2007-NC1 Series 2007-NC1 Class A2A, CME Term SOFR 1 month Index + 0.2145%, 3.8882% 12/25/2046 (m)
 
1,466,301
731,458
GSAMP Trust 2007-NC1 Series 2007-NC1 Class A2B, CME Term SOFR 1 month Index + 0.1%, 3.9882% 12/25/2046 (l)(m)
 
422,284
210,651
GSAMP Trust Series 2007-FM1 Class A1, CME Term SOFR 1 month Index + 0.2545%, 4.0682% 12/25/2036 (m)
 
719,152
385,905
Home Equity Asset Trust 2004-1 Series 2006-4 Class 2A4, CME Term SOFR 1 month Index + 0.56%, 4.3482% 8/25/2036 (l)(m)
 
135,720
135,436
Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2001-A Series 2005-C Class M3, CME Term SOFR 1 month Index + 0.8945%, 4.5682% 10/25/2035 (m)
 
2,000,000
1,927,335
HSI Asset Securitization Corp Trust Series 2006-OPT1 Class M4, CME Term SOFR 1 month Index + 0.9245%, 4.5982% 12/25/2035 (m)
 
3,000,000
2,411,124
HSI Asset Securitization Corp Trust Series 2007-NC1 Class A3, CME Term SOFR 1 month Index + 0.18%, 4.1482% 4/25/2037 (l)(m)
 
229,292
150,060
Lendmark Fdg Trust Series 2024-2A Class A, 4.47% 2/21/2034 (i)
 
700,000
702,928
Long Beach Mortgage Loan Trust Series 2004-5 Class M1, CME Term SOFR 1 month Index + 0.7645%, 4.4382% 9/25/2034 (l)(m)
 
1,094,272
1,090,331
Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3 Series 2007-3 Class A2C, CME Term SOFR 1 month Index + 0.18%, 4.1482% 6/25/2037 (l)(m)
 
1,825,366
1,843,921
Merrill Lynch Mortgage Investors Trust Series 2004-WMC3 Class M3, CME Term SOFR 1 month Index + 2.2145%, 5.8882% 1/25/2035 (m)
 
3,314,462
3,100,993
Merrill Lynch Mortgage Investors Trust Series 2004-WMC5 Class M1, CME Term SOFR 1 month Index + 1.0445%, 4.7182% 7/25/2035 (m)
 
5,201,771
5,254,544
MF1 LLC Series 2025-FL17 Class AS, CME Term SOFR 1 month Index + 1.572%, 5.2361% 2/18/2040 (i)(l)(m)
 
5,000,000
4,998,438
Morgan Stanley Abs Cap I Inc Trust Series 2007-HE3 Class A2A, CME Term SOFR 1 month Index + 0.1745%, 3.8482% 12/25/2036 (m)
 
232,816
117,310
Morgan Stanley ABS Capital I Inc Series 2004-HE8 Class A4, CME Term SOFR 1 month Index + 0.8745%, 4.5482% 9/25/2034 (l)(m)
 
715,454
754,970
Morgan Stanley ABS Capital I Inc Series 2004-NC8 Class M1, CME Term SOFR 1 month Index + 1.0295%, 4.7032% 9/25/2034 (m)
 
291,349
299,860
Morgan Stanley ABS Capital I Inc Series 2005-HE1 Class A2MZ, CME Term SOFR 1 month Index + 0.7145%, 4.3882% 12/25/2034 (m)
 
316,101
304,472
Morgan Stanley ABS Capital I Inc Series 2005-WMC6 Class M5, CME Term SOFR 1 month Index + 1.0895%, 4.7632% 7/25/2035 (m)
 
2,500,000
2,278,713
Morgan Stanley ABS Capital I Inc Trust Series 2007-HE4 Class A2A, CME Term SOFR 1 month Index + 0.11%, 3.8982% 2/25/2037 (l)(m)
 
240,529
71,402
Morgan Stanley ABS Capital I Inc Trust Series 2007-SEA1 Class 2A2, CME Term SOFR 1 month Index + 3.9145%, 7.5882% 2/25/2047 (i)(l)(m)
 
2,218,500
1,801,282
Nationstar Home Equity Loan Trust Series 2007-B Class 2AV4, CME Term SOFR 1 month Index + 0.4345%, 4.4282% 4/25/2037 (l)(m)
 
466,320
463,103
Navient Student Loan Trust Series 2021-DA Class C, 3.48% 4/15/2060 (i)
 
1,809,009
1,713,191
New Century Home Equity Loan Trust Series 2005-4 Class M4, CME Term SOFR 1 month Index + 1.0595%, 4.7332% 9/25/2035 (l)(m)
 
1,291,698
1,285,465
Newcastle Mortgage Securities Trust Series 2007-1 Class 1A1, CME Term SOFR 1 month Index + 0.3045%, 3.9782% 4/25/2037 (m)
 
1,625,954
1,587,227
Oportun Issuance Trust Series 2024-2 Class C, 6.61% 2/9/2032 (i)
 
1,777,000
1,785,028
Option One Mortgage Loan Trust 2007-5 Series 2007-5 Class 2A4, CME Term SOFR 1 month Index + 0.3%, 4.0882% 5/25/2037 (l)(m)
 
2,217,741
1,206,154
Option One Mortgage Loan Trust Series 2007-4 Class 2A4, CME Term SOFR 1 month Index + 0.4245%, 4.0982% 4/25/2037 (m)
 
6,690,658
3,688,234
Pagaya Ai Debt Grantor Trust Series 2024-11 Class A, 5.092% 7/15/2032 (i)
 
744,355
747,981
Pagaya Ai Debt Grantor Trust Series 2024-11 Class B, 5.637% 7/15/2032 (i)
 
581,552
586,342
Pagaya Ai Debt Grantor Trust Series 2024-8 Class A, 5.331% 1/15/2032 (i)
 
606,737
608,981
Pagaya Ai Debt Trust Series 2024-2 Class A, 6.319% 8/15/2031 (i)
 
951,224
952,117
Pagaya Ai Debt Trust Series 2024-3 Class A, 6.258% 10/15/2031 (i)
 
1,388,956
1,390,171
Pagaya Ai Debt Trust Series 2024-3 Class C, 7.297% 10/15/2031 (i)
 
1,869,093
1,871,402
Park Place Securities Inc Asset-Backed Pass-Through Certificates Series 2004-WHQ1 Class M5, CME Term SOFR 1 month Index + 1.9145%, 5.5882% 9/25/2034 (m)
 
435,047
424,940
Pret LLC Series 2025-NPL14 Class A1, 5.265% 12/25/2055 (i)
 
973,858
974,126
RASC Series 2005-EMX2 Trust Series 2004-KS5 Class MII2, CME Term SOFR 1 month Index + 1.2145%, 5.4382% 6/25/2034 (m)
 
2,521,707
2,453,267
Renaissance Home Equity Loan Trust Series 2005-3 Class AV3, CME Term SOFR 1 month Index + 0.8745%, 4.5482% 11/25/2035 (m)
 
162,907
150,486
Renaissance Home Equity Loan Trust Series 2007-1 Class AF3, 5.612% 4/25/2037 (n)
 
4,153,493
1,025,794
Research-Driven Pagaya Motor Asset Trust Series 2023-3A Class A, 7.13% 1/26/2032 (i)
 
340,993
341,690
Rocket Mortgage Trust Series 2025-CES3 Class A1A, 5.553% 3/25/2055 (i)
 
2,352,322
2,378,927
Santander Drive Auto Receivables Trust Series 2024-5 Class A3, 4.62% 11/15/2028
 
1,079,754
1,081,370
Saxon Asset Secs Tr 2007-3 Series 2007-3 Class 2M1, CME Term SOFR 1 month Index + 0.9145%, 4.5882% 9/25/2047 (l)(m)
 
1,000,000
820,303
Saxon Asset Secs Trust Series 2007-2 Class A2C, CME Term SOFR 1 month Index + 0.3545%, 4.0282% 5/25/2047 (m)
 
459,184
343,157
Saxon Asset Securities Trust Series 2004-2 Class MF2, 6% 8/25/2035 (n)
 
1,978,080
1,844,900
Saxon Asset Securities Trust Series 2006-1 Class M1, CME Term SOFR 1 month Index + 0.5795%, 4.2532% 3/25/2036 (m)
 
548,330
547,474
Securitized Asset Backed Receivables LLC Trust Series 2006-WM4 Class A2C, CME Term SOFR 1 month Index + 0.16%, 4.1082% 11/25/2036 (l)(m)
 
6,370,404
1,735,627
SMB Private Education Loan Trust Series 2015-B Class B, 3.5% 12/17/2040 (i)
 
188,638
188,443
SMB Private Education Loan Trust Series 2015-C Class B, 3.5% 9/15/2043 (i)
 
146,582
146,532
SMB Private Education Loan Trust Series 2016-C Class B, 3.25% 11/15/2040 (i)
 
311,142
309,152
SMB Private Education Loan Trust Series 2021-D Class A1A, 1.34% 3/17/2053 (i)
 
556,315
530,109
SMB Private Education Loan Trust Series 2024-C Class A1A, 5.5% 6/17/2052 (i)
 
2,375,954
2,457,888
SMB Private Education Loan Trust Series 2024-C Class A1B, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7582% 6/17/2052 (i)(l)(m)
 
5,064,200
5,055,675
SMB Private Education Loan Trust Series 2024-E Class A1A, 5.09% 10/16/2056 (i)
 
3,947,521
4,039,351
Smb Private Education Loan Trust Series 2024-F Class A1A, 5.06% 3/16/2054 (i)
 
486,039
497,012
Soundview Home Loan Trust Series 2006-EQ1 Class A4, CME Term SOFR 1 month Index + 0.5%, 4.2882% 10/25/2036 (l)(m)
 
879,538
854,649
Soundview Home Loan Trust Series 2006-OPT2 Class A4, CME Term SOFR 1 month Index + 0.6745%, 4.3482% 5/25/2036 (l)(m)
 
1,768,798
1,735,241
Specialty Underwriting & Residential Finance Trust Series 2003-BC1 Series 2004-BC1 Class M1, CME Term SOFR 1 month Index + 0.8795%, 4.5532% 2/25/2035 (m)
 
385,431
410,700
Towd Point Mortgage Trust Series 2017-3 Class B2, 3.8445% 7/25/2057 (i)(l)
 
2,000,000
1,847,199
TOWD Point Mortgage Trust Series 2017-6 Class A2, 3% 10/25/2057 (i)
 
2,300,000
2,236,841
Towd Point Mortgage Trust Series 2024-CES6 Class A1, 5.725% 11/25/2064 (i)
 
2,605,356
2,629,619
Upstart Securitization Trust Series 2023-2 Class B, 7.92% 6/20/2033 (i)
 
925,606
928,974
WaMu Asset-Backed Certificates Series 2007-HE4 Class 1A, CME Term SOFR 1 month Index + 0.2845%, 3.9582% 7/25/2047 (m)
 
3,737,678
2,870,013
Washington Mut Asset Backed Ctfs Wmabs Trust Series 2006-HE3 Class 2A3, CME Term SOFR 1 month Index + 0.4345%, 4.1082% 8/25/2036 (m)
 
2,781,684
1,828,393
Westlake Automobile Receivables Trust Series 2023-2A Class D, 7.01% 11/15/2028 (i)
 
475,000
483,540
Westlake Automobile Receivables Trust Series 2024-3A Class A3, 4.71% 4/17/2028 (i)
 
3,000,000
3,009,498
TOTAL UNITED STATES
 
 
150,044,877
 
TOTAL ASSET-BACKED SECURITIES
 (Cost $257,071,891)
 
 
 
261,542,428
 
 
 
 
Collateralized Mortgage Obligations - 0.2%
 
 
Principal
Amount (a)
 
Value ($)
 
IRELAND - 0.0%
 
 
 
KINBN Series 2024-RPL2A Class A, 1 month EURIBOR + 1.1%, 3.042% 1/24/2063 (i)(m)
EUR
3,037,874
3,600,552
SPAIN - 0.0%
 
 
 
Lugo Funding Dac Series 2024-1A Class A, 3 month EURIBOR + 0%, 3.041% 5/26/2066 (i)(l)(m)
EUR
1,137,890
1,344,531
UNITED STATES - 0.2%
 
 
 
ACRA Trust Series 2024-NQM1 Class A1, 5.608% 10/25/2064 (i)
 
377,892
381,190
Adjustable Rate Mortgage Trust 2005-7 Series 2005-9 Class 5M1, CME Term SOFR 1 month Index + 1.1345%, 4.8082% 11/25/2035 (l)(m)
 
4,108,702
4,372,933
Alternative Loan Trust Series 2005-1CB Class 4A1, CME Term SOFR 1 month Index + 0.6145%, 4.2882% 3/25/2035 (l)(m)
 
3,230,178
1,777,617
Alternative Loan Trust Series 2005-56 Class 1A1, CME Term SOFR 1 month Index + 1.46%, 5.2482% 11/25/2035 (l)(m)
 
5,068,008
4,797,350
Atlx Trust Series 2024-RPL2 Class A1, 3.85% 4/25/2063 (i)
 
3,571,166
3,507,326
Bear Stearns ARM Trust Series 2005-1 Class 2A1, 4.559% 3/25/2035 (l)
 
56,876
52,937
Bear Stearns Trust Series 2006-1 Class 21A2, 4.3927% 2/25/2036 (l)
 
3,673,519
2,532,823
Chase Home Lending Mortgage Trust Series 2024-RPL4 Class A1A, 3.375% 12/25/2064 (i)
 
2,690,137
2,462,146
Cim Tr 2023-R3 Series 2023-R3 Class A1A, 4.5% 1/25/2063 (i)
 
455,227
444,965
Citimortgage Alternative Loan Trust Series 2007-A7 Class 2A1, CME Term SOFR 1 month Index + 0.5145%, 4.1882% 7/25/2037 (l)(m)
 
2,475,213
1,977,099
CSMC Series 2014-2R Class 12A3, 2.25% 4/27/2037 (i)(l)
 
2,212,120
2,133,596
CSMC Trust Series 2017-RPL3 Class B1, 4.3735% 8/1/2057 (i)(l)
 
587,033
578,444
Fannie Mae Guaranteed REMIC Series 2025-68 Class FA, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 8/25/2055 (l)(m)
 
4,159,862
4,189,783
Fannie Mae Guaranteed REMIC Series 2025-70 Class CF, U.S. 30-Day Avg. SOFR Index + 1.4%, 5.0672% 9/25/2055 (l)(m)
 
6,726,357
6,806,535
Fannie Mae Guaranteed REMIC Series 2025-74 Class FB, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 9/25/2055 (l)(m)
 
7,528,790
7,586,964
Fannie Mae Guaranteed REMIC Series 2025-78 Class KF, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 9/25/2055 (l)(m)
 
6,865,678
6,917,756
Fannie Mae Guaranteed REMIC Series 2025-99 Class KF, U.S. 30-Day Avg. SOFR Index + 1%, 4.6672% 11/25/2055 (l)(m)
 
7,317,068
7,359,794
Freddie Mac Multifamily Structured pass-thru certificates Series 2024-5473 Class FA, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7672% 11/25/2054 (l)(m)
 
433,462
435,103
Freddie Mac Multifamily Structured pass-thru certificates Series 2024-5480 Class FG, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 12/25/2054 (l)(m)
 
1,251,926
1,259,574
Freddie Mac Multifamily Structured pass-thru certificates Series 2024-5482 Class FA, U.S. 30-Day Avg. SOFR Index + 1.45%, 5.1172% 12/25/2054 (l)(m)
 
789,109
798,296
Freddie Mac Multifamily Structured pass-thru certificates Series 2024-5484 Class FD, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 12/25/2054 (l)(m)
 
3,423,965
3,448,177
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5513 Class MF, U.S. 30-Day Avg. SOFR Index + 0.94%, 4.6072% 11/25/2054 (l)(m)
 
3,025,359
3,042,702
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5517 Class FH, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 3/25/2055 (l)(m)
 
1,896,892
1,907,917
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5521 Class AF, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8172% 3/25/2055 (l)(m)
 
4,333,686
4,362,898
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5537 Class FA, U.S. 30-Day Avg. SOFR Index + 1.3%, 4.9672% 5/25/2055 (l)(m)
 
2,912,190
2,931,405
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5549 Class BF, U.S. 30-Day Avg. SOFR Index + 1.2%, 4.8672% 2/25/2055 (l)(m)
 
694,867
700,229
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5557 Class FM, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7672% 7/25/2055 (l)(m)
 
441,514
444,199
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5565 Class FC, U.S. 30-Day Avg. SOFR Index + 1.2%, 4.8672% 8/25/2055 (l)(m)
 
4,157,140
4,192,019
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5580 Class FA, U.S. 30-Day Avg. SOFR Index + 0.95%, 4.6172% 9/25/2055 (l)(m)
 
5,843,673
5,886,552
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5580 Class FC, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7672% 9/25/2055 (l)(m)
 
9,138,238
9,199,046
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-5580 Class FE, U.S. 30-Day Avg. SOFR Index + 1.1%, 4.7672% 9/25/2055 (l)(m)
 
4,246,627
4,274,883
Ginnie Mae Series 2025-124 Class HF, U.S. 30-Day Avg. SOFR Index + 1.15%, 4.8115% 7/20/2055 (l)(m)
 
1,278,242
1,291,054
Ginnie Mae Series 2025-156 Class JF, U.S. 30-Day Avg. SOFR Index + 0.85%, 4.5115% 9/20/2055 (l)(m)
 
3,636,422
3,645,599
Ginnie Mae Series 2025-H19 Class DF, U.S. 30-Day Avg. SOFR Index + 0.8%, 4.4615% 9/20/2075 (l)(m)
 
6,998,162
7,062,884
Ginnie Mae Series 2025-H20 Class FA, U.S. 30-Day Avg. SOFR Index + 0.77%, 4.4315% 9/20/2075 (l)(m)
 
9,086,876
9,160,977
Ginnie Mae Series 2025-H21 Class FA, U.S. 30-Day Avg. SOFR Index + 0.7%, 4.3615% 10/20/2075 (l)(m)
 
5,062,776
5,082,157
GreenPoint Mortgage Funding Trust Series 2005-AR4 Class 3A1, 5.3151% 10/25/2045 (l)
 
7,861,937
5,966,187
GreenPoint Mortgage Funding Trust Series 2005-AR4 Class 4A1A, CME Term SOFR 1 month Index + 0.7345%, 4.4082% 10/25/2045 (m)
 
1,115,768
1,054,897
HarborView Mortgage Loan Trust 2006-7 Series 2006-7 Class 2A1A, CME Term SOFR 1 month Index + 0.4%, 4.1805% 9/19/2046 (l)(m)
 
3,318,342
3,197,531
HarborView Mortgage Loan Trust Series 2005-9 Class 2A1A, CME Term SOFR 1 month Index + 0.7945%, 4.4617% 6/20/2035 (l)(m)
 
458,454
429,047
HomeBanc Mortgage Trust Series 2004-1 Class 2A, CME Term SOFR 1 month Index + 0.9745%, 4.6482% 8/25/2029 (m)
 
202,498
198,408
Indymac Imsc Mtg Ln Trust Series 2007-AR1 Class 2A1, 3.752% 6/25/2037 (l)
 
905,869
547,195
JP Morgan Mortgage Trust Series 2024-10 Class A11, 4.9172% 3/25/2055 (i)(l)
 
1,667,805
1,672,505
JP Morgan Resecuritization Trust Series 2014-6 Class 1A2, CME Term SOFR 1 month Index + 0.3245%, 3.2892% 7/27/2036 (i)(l)(m)
 
5,016,580
4,520,601
JP Morgan Seasoned Mortgage Trust Series 2024-1 Class A4, 4.3332% 1/25/2063 (i)(l)
 
1,669,210
1,661,203
Lehman XS Trust Series 2005-6 Series 2005-7N Class 1A1A, CME Term SOFR 1 month Index + 0.6545%, 4.3282% 12/25/2035 (m)
 
2,379,187
2,248,343
MASTR Adjustable Rate Mortgages Trust Series 2006-OA2 Class 1A1, 12 month Average U.S. Treasury Maturity + 0.8%, 4.7151% 12/25/2046 (l)(m)
 
472,010
360,442
Mill City Mortgage Loan Trust Series 2017-1 Class M3, 3.25% 11/25/2058 (i)
 
4,560,000
4,466,551
Morgan Stanley Mortgage Loan Trust Series 2005-9AR Class 1A, CME Term SOFR 1 month Index + 0.4045%, 4.0782% 12/25/2035 (l)(m)
 
1,143,875
840,927
Morgan Stanley Resecuritization Trust Series 2015-R6 Class 1A2, CME Term SOFR 1 month Index + 0.3745%, 4.0398% 7/26/2045 (i)(m)
 
1,857,608
1,841,028
Morgan Stanley Residential Mortgage Loan Trust Series 2024-NQM3 Class A1, 5.044% 7/25/2069 (i)(l)
 
1,908,340
1,912,363
Morgan Stanley Residential Mortgage Loan Trust Series 2024-RPL1 Class A1, 4% 6/25/2064 (i)
 
2,587,845
2,547,501
Nymt Loan Trust Series 2024-INV1 Class A1, 5.379% 6/25/2069 (i)
 
1,595,323
1,606,007
Prpm 2025-Rpl2 LLC Series 2025-RPL2 Class A1, 3.75% 4/25/2055 (i)
 
1,837,223
1,802,077
PRPM LLC Series 2024-7 Class A1, 5.87% 11/25/2029 (i)(l)
 
1,978,389
1,979,301
PRPM LLC Series 2024-8 Class A1, 5.897% 12/25/2029 (i)
 
2,709,217
2,710,512
PRPM LLC Series 2024-RPL3 Class A1, 4% 11/25/2054 (i)
 
2,671,989
2,633,976
RALI Series 2006-QS14 Trust Series 2006-QS14 Class A1, 6.5% 11/25/2036
 
626,299
533,957
RCKT Mortgage Trust Series 2025-CES1 Class A1A, 5.653% 1/25/2045 (i)
 
3,419,624
3,456,548
Sequoia Mortgage Trust Series 2024-HYB1 Class A1A, 4.4749% 11/25/2063 (i)(l)
 
880,102
890,980
Structured Asset Mortgage Investments II Trust Series 2006-AR3 Class 12A1, CME Term SOFR 1 month Index + 0.5545%, 4.2282% 5/25/2036 (l)(m)
 
3,323,314
2,757,063
Towd Point Mortgage Trust Series 2024-5 Class A1A, 4.5964% 10/25/2064 (i)(l)
 
2,865,091
2,929,340
Verus Securitization Trust Series 2024-8 Class A1, 5.364% 10/25/2069 (i)(l)
 
733,216
737,876
Verus Securitization Trust Series 2024-R1 Class A1, 5.218% 9/25/2069 (i)(l)
 
1,543,868
1,558,180
WaMu Mortgage MSC Pass Through Certificates Series 2005-3 Class 1CB1, 5.5% 5/25/2035
 
1,049,300
960,152
WaMu Mortgage Pass-Through Certificates Series 2007-OA1 Trust Series 2007-OA1 Class A1A, 12 month Average U.S. Treasury Maturity + 0.7%, 4.6151% 2/25/2047 (l)(m)
 
1,754,695
1,609,416
Wells Fargo Alternative Loan Trust Series 2007-PA3 Class 1A1, 5.75% 7/25/2037
 
278,530
243,380
TOTAL UNITED STATES
 
 
186,878,423
 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
 (Cost $189,376,402)
 
 
 
191,823,506
 
 
 
 
Commercial Mortgage Securities - 0.0%
 
 
Principal
Amount (a)
 
Value ($)
 
UNITED STATES - 0.0%
 
 
 
Freddie Mac Multifamily Structured pass-thru certificates Series 2025-Q034 Class APT2, 2.9378% 7/25/2054 (l)
  (Cost $2,700,654)
 
2,819,723
2,756,933
 
 
 
 
Common Stocks - 79.9%
 
 
Shares
Value ($)
 
AUSTRALIA - 0.1%
 
 
 
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Anglogold Ashanti Plc
 
469,013
59,925,791
Elevra Lithium Ltd ADR (e)
 
2,955
175,616
 
 
 
 
TOTAL AUSTRALIA
 
 
60,101,407
BAILIWICK OF GUERNSEY - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Super Group SGHC Ltd
 
3,610
38,627
BELGIUM - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Liberty Global Ltd Class A (f)
 
40,328
513,778
Health Care - 0.0%
 
 
 
Pharmaceuticals - 0.0%
 
 
 
UCB SA
 
23,000
6,856,707
TOTAL BELGIUM
 
 
7,370,485
BERMUDA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Insurance - 0.0%
 
 
 
Hamilton Insurance Group Ltd Class B (f)
 
134,029
4,233,976
RenaissanceRe Holdings Ltd
 
20,640
6,242,775
 
 
 
 
TOTAL BERMUDA
 
 
10,476,751
BRAZIL - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
NU Holdings Ltd/Cayman Islands Class A (f)
 
151,400
2,267,972
Capital Markets - 0.0%
 
 
 
XP Inc Class A
 
142,267
3,063,009
Financial Services - 0.0%
 
 
 
Pagseguro Digital Ltd Class A
 
76,533
812,015
TOTAL FINANCIALS
 
 
6,142,996
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Wheaton Precious Metals Corp (United States)
 
10,186
1,666,939
TOTAL BRAZIL
 
 
7,809,935
CANADA - 0.5%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Magna International Inc (United States) (e)
 
175,075
11,038,479
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Restaurant Brands International Inc
 
32,700
2,345,971
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Canada Goose Holdings Inc Subordinate Voting Shares (United States) (e)(f)
 
1,685,175
20,744,504
TOTAL CONSUMER DISCRETIONARY
 
 
34,128,954
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Alimentation Couche-Tard Inc
 
39,700
2,409,271
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Athabasca Oil Corp (f)
 
994,700
6,431,769
Cameco Corp (United States)
 
48,836
5,782,182
Imperial Oil Ltd (e)
 
87,700
10,258,081
Whitecap Resources Inc
 
1,022,241
10,207,047
TOTAL ENERGY
 
 
32,679,079
Financials - 0.1%
 
 
 
Capital Markets - 0.1%
 
 
 
Brookfield Asset Management Ltd Class A (United States) (e)
 
66,916
3,128,323
Brookfield Corp Class A (United States) (e)
 
1,731,105
75,891,643
 
 
 
79,019,966
Insurance - 0.0%
 
 
 
Brookfield Wealth Solutions Ltd Class A (United States) (e)
 
8,694
386,101
TOTAL FINANCIALS
 
 
79,406,067
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Aurinia Pharmaceuticals Inc (f)
 
3,450
48,887
Xenon Pharmaceuticals Inc (f)
 
114,628
4,955,368
TOTAL HEALTH CARE
 
 
5,004,255
Industrials - 0.2%
 
 
 
Aerospace & Defense - 0.0%
 
 
 
Draganfly Inc (United States) (e)(f)
 
346,275
2,268,101
Ground Transportation - 0.2%
 
 
 
Canadian National Railway Co (United States)
 
237,616
26,658,139
Canadian Pacific Kansas City Ltd (United States)
 
1,105,290
96,812,352
 
 
 
123,470,491
Industrial Conglomerates - 0.0%
 
 
 
Brookfield Business Corp Class A (United States) (e)
 
125,586
4,326,438
TOTAL INDUSTRIALS
 
 
130,065,030
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Celestica Inc (United States) (f)
 
52,081
14,459,248
Firan Technology Group Corp (f)
 
279,997
4,427,649
 
 
 
18,886,897
IT Services - 0.0%
 
 
 
Shopify Inc Class A (United States) (f)
 
270,401
32,645,513
Software - 0.1%
 
 
 
Constellation Software Inc/Canada (OTC)
 
4,303
8,025,697
D-Wave Quantum Inc (e)(f)
 
47,092
884,388
Descartes Systems Group Inc/The (United States) (f)
 
426,859
28,279,409
Hut 8 Corp (United States) (f)
 
8,066
429,353
 
 
 
37,618,847
TOTAL INFORMATION TECHNOLOGY
 
 
89,151,257
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Agnico Eagle Mines Ltd/CA (United States)
 
35,398
8,906,137
Altius Minerals Corp
 
29,500
1,042,194
Franco-Nevada Corp (United States)
 
146,951
41,235,921
Novagold Resources Inc (United States) (f)
 
457,717
6,096,790
Ssr Mining Inc (United States) (e)(f)
 
802,375
25,828,451
Teck Resources Ltd Class B (United States)
 
34,202
2,014,156
 
 
 
85,123,649
Paper & Forest Products - 0.0%
 
 
 
West Fraser Timber Co Ltd (United States) (e)
 
197,459
13,127,074
TOTAL MATERIALS
 
 
98,250,723
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
Real Brokerage Inc/The (f)
 
6,728,978
17,831,792
Real Matters Inc (f)
 
555,883
2,547,024
Real Matters Inc (OTC) (f)
 
201,619
873,010
TOTAL REAL ESTATE
 
 
21,251,826
Utilities - 0.0%
 
 
 
Gas Utilities - 0.0%
 
 
 
Brookfield Infrastructure Corp (United States) (e)
 
30,201
1,506,426
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Brookfield Renewable Corp Class A (United States)
 
14,648
625,909
TOTAL UTILITIES
 
 
2,132,335
TOTAL CANADA
 
 
494,478,797
CHINA - 0.1%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Baidu Inc A Shares (f)
 
100,764
1,565,201
Baidu Inc Class A ADR (e)(f)
 
176,119
21,916,249
TOTAL COMMUNICATION SERVICES
 
 
23,481,450
Consumer Discretionary - 0.0%
 
 
 
Automobiles - 0.0%
 
 
 
XPeng Inc ADR (e)(f)
 
149,191
2,619,793
Broadline Retail - 0.0%
 
 
 
Alibaba Group Holding Ltd ADR
 
5,486
790,587
Prosus NV Class N
 
68,600
3,526,071
 
 
 
4,316,658
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Yum China Holdings Inc (e)
 
80,592
4,425,307
Household Durables - 0.0%
 
 
 
Midea Group Co Ltd H Shares
 
392,078
4,553,044
TOTAL CONSUMER DISCRETIONARY
 
 
15,914,802
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
RoboSense Technology Co Ltd H Shares (f)
 
482,651
2,227,126
IT Services - 0.1%
 
 
 
GDS Holdings Ltd A Shares (f)
 
3,405,719
17,643,110
Vnet Group Inc Class A ADR (e)(f)
 
713,943
7,696,306
 
 
 
25,339,416
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
indie Semiconductor Inc Class A (e)(f)
 
629,465
2,303,842
Software - 0.0%
 
 
 
Horizon Robotics A Shares (f)
 
2,045,989
2,147,093
TOTAL INFORMATION TECHNOLOGY
 
 
32,017,477
TOTAL CHINA
 
 
71,413,729
COSTA RICA - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Establishment Labs Holdings Inc (f)
 
61,514
4,841,152
DENMARK - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Ascendis Pharma A/S ADR (f)
 
33,832
7,899,772
Pharmaceuticals - 0.0%
 
 
 
Novo Nordisk A/S Class B ADR
 
349,019
13,070,762
TOTAL DENMARK
 
 
20,970,534
FINLAND - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Amer Sports Inc (f)
 
94,611
3,593,326
Information Technology - 0.0%
 
 
 
Communications Equipment - 0.0%
 
 
 
Nokia Oyj ADR
 
1,189,492
9,182,878
TOTAL FINLAND
 
 
12,776,204
FRANCE - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Orange SA
 
150,500
3,242,155
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
Amundi SA (h)(i)
 
31,000
2,968,829
TOTAL FRANCE
 
 
6,210,984
GERMANY - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobile Components - 0.0%
 
 
 
Schaeffler AG Class Registered
 
1,591,667
19,484,194
Specialty Retail - 0.1%
 
 
 
LuxExperience BV ADR (f)
 
2,020,860
19,541,716
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Birkenstock Holding Plc (e)(f)
 
139,361
5,804,386
TOTAL CONSUMER DISCRETIONARY
 
 
44,830,296
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
BioNTech SE ADR (f)
 
12,800
1,410,944
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
AIXTRON SE
 
133,850
4,365,138
Software - 0.0%
 
 
 
SAP SE ADR
 
12,884
2,596,512
TOTAL INFORMATION TECHNOLOGY
 
 
6,961,650
Materials - 0.0%
 
 
 
Paper & Forest Products - 0.0%
 
 
 
Mercer International Inc
 
50,999
91,798
TOTAL GERMANY
 
 
53,294,688
GRAND CAYMAN (UK OVERSEAS TER) - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
Patria Investments Ltd Class A (e)
 
12,678
166,335
Webull Corp Class A
 
65,564
380,927
 
 
 
 
TOTAL GRAND CAYMAN (UK OVERSEAS TER)
 
 
547,262
GREECE - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Okeanis Eco Tankers Corp (h)(i)
 
131,177
7,090,117
Industrials - 0.0%
 
 
 
Marine Transportation - 0.0%
 
 
 
Star Bulk Carriers Corp
 
383,097
10,071,620
TOTAL GREECE
 
 
17,161,737
GUATEMALA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Wireless Telecommunication Services - 0.0%
 
 
 
Millicom International Cellular SA
 
23,197
1,690,829
IRELAND - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Ardmore Shipping Corp
 
33,242
544,504
Industrials - 0.0%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Cimpress PLC (f)
 
488
35,648
Trading Companies & Distributors - 0.0%
 
 
 
AerCap Holdings NV
 
36,829
5,503,726
TOTAL INDUSTRIALS
 
 
5,539,374
TOTAL IRELAND
 
 
6,083,878
ISRAEL - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Taboola.com Ltd (f)
 
96,667
306,434
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Mobileye Global Inc Class A (e)(f)
 
813,080
6,878,657
Consumer Staples - 0.0%
 
 
 
Personal Care Products - 0.0%
 
 
 
Oddity Tech Ltd Class A (e)(f)
 
29,723
349,840
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Cellebrite DI Ltd (f)
 
462,595
6,171,017
Nice Ltd ADR (e)(f)
 
56,140
6,526,275
TOTAL INFORMATION TECHNOLOGY
 
 
12,697,292
TOTAL ISRAEL
 
 
20,232,223
ITALY - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Ermenegildo Zegna Holditalia Spa (e)
 
433,853
4,889,523
JAPAN - 0.1%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Musashi Seimitsu Industry Co Ltd
 
300,472
6,012,711
Health Care - 0.1%
 
 
 
Pharmaceuticals - 0.1%
 
 
 
Chugai Pharmaceutical Co Ltd ADR
 
961,188
32,305,529
Industrials - 0.0%
 
 
 
Building Products - 0.0%
 
 
 
Daikin Industries Ltd ADR
 
299,584
3,804,717
Machinery - 0.0%
 
 
 
Harmonic Drive Systems Inc (e)
 
94,685
2,761,759
MINEBEA MITSUMI Inc
 
143,307
3,087,022
 
 
 
5,848,781
TOTAL INDUSTRIALS
 
 
9,653,498
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Disco Corp
 
4,600
2,211,705
TOTAL JAPAN
 
 
50,183,443
KOREA (SOUTH) - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Broadline Retail - 0.0%
 
 
 
Coupang Inc Class A (f)
 
1,085,903
20,719,029
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
SK Hynix Inc
 
19,080
14,057,469
TOTAL KOREA (SOUTH)
 
 
34,776,498
MEXICO - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Southern Copper Corp
 
87,430
19,085,969
MONACO - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Scorpio Tankers Inc
 
190,307
15,049,478
Industrials - 0.0%
 
 
 
Marine Transportation - 0.0%
 
 
 
Costamare Inc
 
238,373
4,188,213
TOTAL MONACO
 
 
19,237,691
NETHERLANDS - 0.2%
 
 
 
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Magnum Ice Cream Co NV/The (United States) (e)
 
134,487
2,134,309
Health Care - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
Argenx SE ADR (f)
 
11,833
9,074,965
Newamsterdam Pharma Co NV (e)(f)
 
100,253
3,554,971
TOTAL HEALTH CARE
 
 
12,629,936
Information Technology - 0.2%
 
 
 
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
ASM International NV
 
2,300
1,940,967
NXP Semiconductors NV
 
782,162
177,558,596
TOTAL INFORMATION TECHNOLOGY
 
 
179,499,563
TOTAL NETHERLANDS
 
 
194,263,808
PANAMA - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Banco Latinoamericano de Comercio Exterior SA Class E
 
10,943
547,478
PUERTO RICO - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
First BanCorp/Puerto Rico
 
665,037
14,052,232
Popular Inc
 
102,504
13,874,941
 
 
 
 
TOTAL PUERTO RICO
 
 
27,927,173
SINGAPORE - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Grindr Inc Class A (e)(f)
 
92,757
1,055,574
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Kulicke & Soffa Industries Inc
 
29,880
2,083,234
TOTAL SINGAPORE
 
 
3,138,808
SWEDEN - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Autoliv Inc
 
247,230
29,301,700
Industrials - 0.0%
 
 
 
Building Products - 0.0%
 
 
 
Munters Group AB (h)(i)
 
336,175
7,056,710
TOTAL SWEDEN
 
 
36,358,410
SWITZERLAND - 0.2%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
Garrett Motion Inc
 
1,063,653
21,655,975
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
On Holding AG Class A (f)
 
12,600
585,648
TOTAL CONSUMER DISCRETIONARY
 
 
22,241,623
Health Care - 0.0%
 
 
 
Life Sciences Tools & Services - 0.0%
 
 
 
Lonza Group AG ADR (e)
 
64,046
4,440,309
Industrials - 0.0%
 
 
 
Machinery - 0.0%
 
 
 
Aebi Schmidt Holding AG
 
29,627
427,221
Information Technology - 0.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.2%
 
 
 
TE Connectivity PLC
 
551,990
127,040,499
TOTAL SWITZERLAND
 
 
154,149,652
TAIWAN - 0.2%
 
 
 
Information Technology - 0.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
Chroma ATE Inc
 
235,000
10,339,221
Delta Electronics Inc
 
336,000
15,318,498
 
 
 
25,657,719
Semiconductors & Semiconductor Equipment - 0.2%
 
 
 
Jentech Precision Industrial Co Ltd
 
40,000
3,978,830
Taiwan Semiconductor Manufacturing Co Ltd ADR
 
400,051
149,851,104
 
 
 
153,829,934
TOTAL TAIWAN
 
 
179,487,653
THAILAND - 0.1%
 
 
 
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Fabrinet (f)
 
120,883
65,957,391
UNITED KINGDOM - 0.2%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Autotrader Group PLC (h)(i)
 
293,396
1,943,441
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Genius Sports Ltd Class A (f)
 
804,892
4,998,379
Consumer Staples - 0.2%
 
 
 
Food Products - 0.0%
 
 
 
Nomad Foods Ltd
 
556,056
6,099,934
Personal Care Products - 0.2%
 
 
 
Unilever PLC ADR
 
629,085
46,395,020
Tobacco - 0.0%
 
 
 
British American Tobacco PLC ADR
 
47,281
2,962,155
TOTAL CONSUMER STAPLES
 
 
55,457,109
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
TechnipFMC PLC
 
378,524
25,099,926
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
Marex Group PLC
 
420,579
18,278,364
Financial Services - 0.0%
 
 
 
Klarna Group PLC (e)
 
79,002
1,071,267
Insurance - 0.0%
 
 
 
Fidelis Insurance Holdings Ltd
 
34,409
655,835
Hiscox Ltd
 
285,084
5,947,315
 
 
 
6,603,150
TOTAL FINANCIALS
 
 
25,952,781
Health Care - 0.0%
 
 
 
Health Care Equipment & Supplies - 0.0%
 
 
 
Smith & Nephew PLC ADR (e)
 
333,428
12,303,493
Pharmaceuticals - 0.0%
 
 
 
Astrazeneca PLC (United States)
 
19,831
4,133,772
TOTAL HEALTH CARE
 
 
16,437,265
Industrials - 0.0%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Rentokil Initial PLC ADR (e)
 
328,520
10,276,106
Machinery - 0.0%
 
 
 
Luxfer Holdings PLC
 
6,180
79,536
TOTAL INDUSTRIALS
 
 
10,355,642
TOTAL UNITED KINGDOM
 
 
140,244,543
UNITED STATES - 78.1%
 
 
 
Communication Services - 7.7%
 
 
 
Diversified Telecommunication Services - 0.6%
 
 
 
AST SpaceMobile Inc Class A (e)(f)
 
61,608
4,878,738
AT&T Inc
 
12,621,567
353,530,092
Atn International Inc
 
38,141
1,099,224
Bandwidth Inc Class A (f)
 
3,000
44,460
Comcast Corp Class A
 
1,510,813
46,774,770
Globalstar Inc (f)
 
8,308
517,339
IDT Corp Class B
 
56,273
2,867,109
Lumen Technologies Inc (f)
 
532,078
3,783,075
Verizon Communications Inc
 
2,450,939
122,890,081
 
 
 
536,384,888
Entertainment - 1.1%
 
 
 
AMC Entertainment Holdings Inc Class A (e)(f)
 
91,897
106,601
Cinemark Holdings Inc
 
8,331
235,267
CuriosityStream Inc Class A
 
10,400
35,152
Electronic Arts Inc
 
39,063
7,834,866
Eventbrite Inc Class A (f)
 
154,100
681,122
Lionsgate Studios Corp
 
27,051
243,459
Live Nation Entertainment Inc (f)
 
53,263
8,636,063
Madison Square Garden Entertainment Corp Class A (f)
 
5,800
366,212
Madison Square Garden Sports Corp Class A (f)
 
300
99,498
Marcus Corp/The
 
60,839
1,023,920
Netflix Inc (f)
 
4,357,703
419,385,337
Playstudios Inc Class A (f)
 
13,535
6,910
Playtika Holding Corp
 
59,419
183,605
ROBLOX Corp Class A (f)
 
168,000
11,534,880
Roku Inc Class A (f)
 
85,910
8,454,403
Spotify Technology SA (f)
 
47,696
24,560,578
Take-Two Interactive Software Inc (f)
 
30,668
6,485,669
TKO Group Holdings Inc Class A
 
185,894
41,616,090
Walt Disney Co/The
 
4,285,842
454,470,686
Warner Bros Discovery Inc (f)
 
29,500
831,015
Warner Music Group Corp Class A
 
1,619,787
46,325,908
 
 
 
1,033,117,241
Interactive Media & Services - 5.5%
 
 
 
Alphabet Inc Class A
 
5,104,409
1,591,350,550
Alphabet Inc Class C
 
5,467,382
1,702,706,776
Cargurus Inc Class A (f)
 
820
25,173
EverQuote Inc Class A (e)(f)
 
80,640
1,274,112
Match Group Inc
 
421,990
13,334,884
MediaAlpha Inc Class A (f)
 
37,439
372,144
Meta Platforms Inc Class A
 
2,683,725
1,739,536,871
Nextdoor Holdings Inc Class A (f)
 
367,350
642,863
Pinterest Inc Class A (f)
 
83,200
1,425,216
QuinStreet Inc (f)
 
164,501
1,927,952
Shutterstock Inc
 
23,977
402,814
Snap Inc Class A (f)
 
748,017
3,897,169
TripAdvisor Inc Class A (e)
 
304,606
3,079,567
Yelp Inc Class A (f)
 
128,881
2,872,757
Ziff Davis Inc (f)
 
4,600
124,567
ZipRecruiter Inc Class A (f)
 
165,033
298,710
 
 
 
5,063,272,125
Media - 0.2%
 
 
 
AMC Networks Inc Class A (e)(f)
 
6,100
49,837
Cable One Inc (f)
 
600
57,570
Clear Channel Outdoor Holdings Inc (f)
 
3,000
7,200
DoubleVerify Holdings Inc (f)
 
76,255
803,728
EchoStar Corp Class A (e)(f)
 
118,073
13,640,974
EW Scripps Co/The Class A (f)
 
2,381
9,881
Fox Corp Class A
 
555,100
31,274,334
Fox Corp Class B
 
178,490
9,233,288
Liberty Broadband Corp Class C (f)
 
903
49,313
Magnite Inc (f)
 
42,817
583,168
MNTN Inc Class A (f)
 
2,200
21,472
New York Times Co/The Class A
 
562,274
44,863,842
News Corp Class A
 
525,114
12,755,019
News Corp Class B (e)
 
301,804
8,082,311
Nexstar Media Group Inc (e)
 
111,205
27,914,679
Omnicom Group Inc
 
82,000
6,993,780
Paramount Skydance Corp Class B
 
775
10,470
Sirius XM Holdings Inc
 
339,146
7,447,646
TechTarget Inc (e)(f)
 
12,389
43,485
TEGNA Inc
 
652,081
13,661,097
Thryv Holdings Inc (f)
 
18,844
43,718
USA TODAY Co Inc (e)(f)
 
138,000
821,100
Versant Media Group Inc Class A
 
57,214
1,906,370
 
 
 
180,274,282
Wireless Telecommunication Services - 0.3%
 
 
 
Array Digital Infrastructure Inc
 
30,786
1,500,202
Gogo Inc (f)
 
10,100
42,723
Spok Holdings Inc
 
4,200
50,988
T-Mobile US Inc
 
1,461,601
317,298,961
 
 
 
318,892,874
TOTAL COMMUNICATION SERVICES
 
 
7,131,941,410
Consumer Discretionary - 8.2%
 
 
 
Automobile Components - 0.1%
 
 
 
Adient PLC (f)
 
88,045
2,141,254
Aptiv PLC (f)
 
147,789
10,868,403
BorgWarner Inc
 
993,460
57,193,493
Cooper-Standard Holdings Inc (f)
 
17,600
676,544
Dana Inc
 
197,725
6,770,104
Dauch Corporation (f)
 
69,288
457,301
Gentex Corp
 
696,075
16,288,155
Goodyear Tire & Rubber Co/The (f)
 
667,943
5,510,530
Lear Corp
 
104,785
13,753,031
Motorcar Parts of America Inc (f)
 
99,487
1,028,696
Phinia Inc
 
194,188
14,103,874
QuantumScape Corp Class A (e)(f)
 
188,082
1,301,527
Standard Motor Products Inc
 
29,833
1,183,773
Stoneridge Inc (f)
 
28,068
221,457
Strattec Security Corp (f)
 
4,638
408,144
Visteon Corp
 
1,667
159,482
 
 
 
132,065,768
Automobiles - 1.3%
 
 
 
Ford Motor Co
 
4,471,808
63,007,775
General Motors Co
 
2,139,248
168,380,210
Harley-Davidson Inc
 
358,600
6,454,800
Rivian Automotive Inc Class A (e)(f)
 
90,188
1,382,582
Tesla Inc (f)
 
2,381,192
958,453,592
Winnebago Industries Inc (e)
 
8,200
327,098
 
 
 
1,198,006,057
Broadline Retail - 2.9%
 
 
 
Amazon.com Inc (f)
 
11,855,052
2,489,560,921
Dillard's Inc Class A (e)
 
6,396
3,855,445
eBay Inc
 
733,358
66,632,908
Etsy Inc (f)
 
67,838
3,722,949
Groupon Inc (e)(f)
 
47,157
595,121
Kohl's Corp (e)
 
138,508
2,267,376
Macy's Inc
 
646,748
12,792,675
Ollie's Bargain Outlet Holdings Inc (f)
 
19,769
2,117,260
 
 
 
2,581,544,655
Distributors - 0.1%
 
 
 
Genuine Parts Co
 
60,500
7,215,230
GigaCloud Technology Inc Class A (f)
 
96,364
4,272,779
Gold.com Inc
 
134,182
7,711,440
LKQ Corp
 
622,593
20,614,054
Pool Corp
 
126,418
28,719,641
 
 
 
68,533,144
Diversified Consumer Services - 0.1%
 
 
 
ADT Inc
 
3,581,393
28,722,772
Bright Horizons Family Solutions Inc (f)
 
92,086
6,862,249
Coursera Inc (e)(f)
 
148,555
952,238
Covista Inc (f)
 
4,210
412,580
Duolingo Inc Class A (f)
 
13,698
1,383,498
European Wax Center Inc Class A (f)
 
200
1,144
Frontdoor Inc (f)
 
161,969
11,106,214
Grand Canyon Education Inc (f)
 
152,121
24,197,887
H&R Block Inc
 
4,065
124,470
Laureate Education Inc (f)
 
428,931
13,871,629
Perdoceo Education Corp
 
892
29,748
Service Corp International/US
 
415,327
34,962,227
Strategic Education Inc
 
2,649
217,960
 
 
 
122,844,616
Hotels, Restaurants & Leisure - 1.6%
 
 
 
Airbnb Inc Class A (f)
 
306,919
41,467,826
Aramark
 
112,282
4,699,002
Biglari Holdings Inc Class B (f)
 
423
164,031
Bloomin' Brands Inc (e)
 
125,300
766,836
Booking Holdings Inc
 
34,905
147,974,512
Boyd Gaming Corp
 
129,682
10,793,433
Brinker International Inc (f)
 
64,796
9,602,767
Caesars Entertainment Inc (f)
 
40,235
1,007,887
Carnival Corp
 
301,477
9,511,599
Chipotle Mexican Grill Inc (f)
 
3,921,592
145,961,654
Churchill Downs Inc
 
191,944
17,645,412
Darden Restaurants Inc
 
85,670
18,320,530
Domino's Pizza Inc
 
43,705
17,591,700
DoorDash Inc Class A (f)
 
567,343
100,119,019
DraftKings Inc Class A (f)
 
102,700
2,448,368
Dutch Bros Inc Class A (f)
 
31,692
1,699,008
Expedia Group Inc Class A
 
178,379
38,474,567
Golden Entertainment Inc
 
2,800
80,920
Hilton Grand Vacations Inc (f)
 
1,966
88,391
Hilton Worldwide Holdings Inc
 
508,624
158,578,791
Hyatt Hotels Corp Class A (e)
 
124,028
20,030,522
Kura Sushi USA Inc Class A (e)(f)
 
155,079
10,922,214
Las Vegas Sands Corp
 
1,179,962
66,927,445
Life Time Group Holdings Inc (f)
 
92,188
2,489,076
Lindblad Expeditions Holdings Inc (f)
 
21,568
425,105
Marriott International Inc/MD Class A1
 
88,121
30,113,589
McDonald's Corp
 
1,121,414
382,469,459
MGM Resorts International (f)
 
187,564
6,913,609
Monarch Casino & Resort Inc
 
32,296
3,103,646
Nathan's Famous Inc
 
3,105
312,301
Navan Inc Class A (f)
 
138,104
1,345,133
Norwegian Cruise Line Holdings Ltd (f)
 
103,655
2,569,607
Planet Fitness Inc Class A (f)
 
13,597
1,116,994
Pursuit Attractions and Hospitality Inc (e)(f)
 
194,145
6,748,480
Red Robin Gourmet Burgers Inc (f)
 
8,400
42,251
Red Rock Resorts Inc Class A
 
3,595
217,677
Royal Caribbean Cruises Ltd
 
243,908
75,845,632
Rush Street Interactive Inc Class A (f)
 
193,588
3,823,363
SHARPLINK INC (f)
 
26,322
179,516
Starbucks Corp
 
511,389
50,126,350
Sweetgreen Inc Class A (e)(f)
 
249,969
1,387,328
Texas Roadhouse Inc
 
95,666
17,494,441
Travel + Leisure Co
 
254,961
18,790,626
United Parks & Resorts Inc (e)(f)
 
285,298
9,925,517
Vail Resorts Inc (e)
 
90,348
12,270,162
Wendy's Co/The
 
1,010
7,736
Wingstop Inc (e)
 
48,417
12,564,696
Wyndham Hotels & Resorts Inc
 
27,819
2,275,594
Yum! Brands Inc
 
234,023
39,353,308
 
 
 
1,506,787,630
Household Durables - 0.3%
 
 
 
Cavco Industries Inc (f)
 
17,033
9,832,470
Century Communities Inc
 
18,182
1,222,376
Champion Homes Inc (f)
 
96,599
9,030,075
Cricut Inc Class A (e)
 
114,893
494,040
DR Horton Inc
 
127,100
20,385,569
Flexsteel Industries Inc
 
1,200
61,764
Garmin Ltd
 
38,106
9,634,340
Green Brick Partners Inc (f)
 
2,590
190,779
Installed Building Products Inc
 
50,007
16,390,294
KB Home
 
9,811
623,783
La-Z-Boy Inc
 
1,397
49,901
Leggett & Platt Inc
 
156,355
1,826,226
Lennar Corp Class A
 
97,400
11,138,664
LGI Homes Inc (f)
 
109,157
5,665,248
Lovesac Co/The (f)
 
4,336
55,414
M/I Homes Inc (f)
 
30,253
4,300,766
Meritage Homes Corp
 
9,800
739,116
Mohawk Industries Inc (f)
 
7,338
919,231
Newell Brands Inc
 
570,783
2,597,063
NVR Inc (f)
 
3,941
29,627,610
PulteGroup Inc
 
530,508
72,785,699
SharkNinja Inc (f)
 
49,560
6,089,437
Somnigroup International Inc
 
25,225
2,257,890
Sonos Inc (f)
 
46,712
719,365
Taylor Morrison Home Corp (f)
 
101,470
6,685,858
Toll Brothers Inc
 
261,623
41,137,601
TopBuild Corp (e)(f)
 
12,041
5,397,980
Tri Pointe Homes Inc (f)
 
21,206
981,838
Whirlpool Corp
 
74,800
5,118,564
 
 
 
265,958,961
Leisure Products - 0.1%
 
 
 
Brunswick Corp/DE
 
135,799
10,812,316
Hasbro Inc
 
258,279
25,722,006
MasterCraft Boat Holdings Inc (f)
 
24,051
522,027
Mattel Inc (f)
 
512,200
8,681,790
Peloton Interactive Inc Class A (e)(f)
 
1,458,398
5,862,760
Polaris Inc
 
2,504
152,092
 
 
 
51,752,991
Specialty Retail - 1.6%
 
 
 
Abercrombie & Fitch Co Class A (f)
 
34,079
3,332,926
Academy Sports & Outdoors Inc (e)
 
311,108
18,706,924
American Eagle Outfitters Inc
 
59,467
1,461,104
Asbury Automotive Group Inc (f)
 
37,045
7,919,480
AutoNation Inc (f)
 
97,838
19,094,064
AutoZone Inc (f)
 
34,021
127,768,587
BARK Inc (f)
 
724
566
Bath & Body Works Inc
 
826,608
18,813,598
Best Buy Co Inc
 
285,020
17,662,689
Bob's Discount Furniture Inc
 
46,200
981,288
Boot Barn Holdings Inc (f)
 
13,093
2,477,457
Buckle Inc/The
 
64,795
3,469,772
Burlington Stores Inc (f)
 
492,373
151,094,504
Caleres Inc
 
3,140
37,335
Camping World Holdings Inc Class A
 
54,753
455,545
CarMax Inc (f)
 
191,191
8,253,715
Carparts Com Inc (f)
 
50,611
35,934
Carvana Co Class A (f)
 
98,365
32,869,648
Citi Trends Inc (f)
 
3,385
160,381
Designer Brands Inc Class A
 
1,478
10,523
Dick's Sporting Goods Inc
 
9,300
1,893,759
Duluth Holdings Inc Class B (f)
 
257
553
Five Below Inc (f)
 
19,811
4,428,353
Floor & Decor Holdings Inc Class A (f)
 
38,266
2,643,798
GameStop Corp Class A (e)(f)
 
40,974
984,605
Gap Inc/The
 
347,657
9,748,302
Group 1 Automotive Inc
 
9,964
3,245,673
Home Depot Inc/The
 
718,796
273,660,014
Lithia Motors Inc Class A (e)
 
95,090
26,585,262
LL Flooring Holdings Inc (f)(g)
 
7,900
0
Lowe's Cos Inc
 
1,504,416
398,023,342
Monro Inc (e)
 
64,495
1,388,577
Murphy USA Inc
 
55,520
21,693,885
National Vision Holdings Inc (e)(f)
 
141,500
3,816,255
O'Reilly Automotive Inc (f)
 
723,222
67,896,081
Penske Automotive Group Inc (e)
 
105,006
16,540,545
Petco Health & Wellness Co Inc Class A (e)(f)
 
127,776
325,829
RealReal Inc/The (f)
 
104,913
1,286,233
Revolve Group Inc Class A (f)
 
482,430
12,137,939
RH (f)
 
3,680
609,813
Ross Stores Inc
 
201,190
41,372,712
Sally Beauty Holdings Inc (f)
 
440,673
7,081,615
Signet Jewelers Ltd (e)
 
90,956
8,749,058
Sleep Number Corp (e)(f)
 
658,266
4,061,501
Stitch Fix Inc Class A (f)
 
99,534
331,448
ThredUp Inc Class A (f)
 
12,890
62,903
TJX Cos Inc/The
 
710,750
114,899,845
Tractor Supply Co
 
15,300
793,152
Ulta Beauty Inc (f)
 
26,007
17,809,334
Upbound Group Inc (e)
 
25,714
551,565
Urban Outfitters Inc (f)
 
31,515
2,086,293
Valvoline Inc (e)(f)
 
25,600
967,680
Victoria's Secret & Co (f)
 
29,049
1,821,372
Warby Parker Inc Class A (f)
 
282,066
7,054,471
Wayfair Inc Class A (e)(f)
 
31,846
2,430,805
Williams-Sonoma Inc
 
135,451
27,855,498
Winmark Corp
 
90
41,062
Zumiez Inc (e)(f)
 
43,308
1,135,536
 
 
 
1,500,620,708
Textiles, Apparel & Luxury Goods - 0.1%
 
 
 
Capri Holdings Ltd (f)
 
2,720
55,787
Columbia Sportswear Co
 
620
38,403
Crocs Inc (f)
 
87,500
7,937,125
Deckers Outdoor Corp (f)
 
44,000
5,159,880
G-III Apparel Group Ltd
 
72,799
2,226,921
Levi Strauss & Co Class A
 
17,890
396,442
Lululemon Athletica Inc (f)
 
53,974
9,994,366
NIKE Inc Class B
 
248,363
15,443,211
PVH Corp
 
109,136
7,486,730
Ralph Lauren Corp Class A
 
56,992
20,665,299
Tapestry Inc
 
292,866
45,531,877
Under Armour Inc Class A (f)
 
35,500
263,410
Under Armour Inc Class C (f)
 
7,500
54,225
VF Corp
 
36,100
701,062
Wolverine World Wide Inc
 
15,800
279,186
 
 
 
116,233,924
TOTAL CONSUMER DISCRETIONARY
 
 
7,544,348,454
Consumer Staples - 3.9%
 
 
 
Beverages - 1.0%
 
 
 
Boston Beer Co Inc/The Class A (f)
 
651
147,634
Brown-Forman Corp Class A (e)
 
72,650
2,133,004
Brown-Forman Corp Class B (e)
 
439,781
12,692,080
Celsius Holdings Inc (f)
 
46,939
2,516,400
Coca-Cola Co/The
 
3,576,320
291,684,659
Coca-Cola Consolidated Inc
 
173,539
35,124,294
Constellation Brands Inc Class A
 
72,681
11,473,423
Keurig Dr Pepper Inc
 
820,375
24,840,955
MGP Ingredients Inc
 
1,289
24,490
Molson Coors Beverage Co Class B
 
438,743
21,494,020
Monster Beverage Corp (f)
 
1,322,547
112,813,259
National Beverage Corp (f)
 
67,999
2,471,764
PepsiCo Inc
 
2,297,404
389,961,355
Primo Brands Corp Class A
 
396,472
8,991,985
Vita Coco Co Inc/The (f)
 
149,966
8,707,026
Zevia PBC Class A (f)
 
25,920
34,732
 
 
 
925,111,080
Consumer Staples Distribution & Retail - 1.3%
 
 
 
Albertsons Cos Inc Class A (e)
 
1,070,942
19,169,862
Andersons Inc/The
 
4,820
314,698
BJ's Wholesale Club Holdings Inc (f)
 
813,590
80,374,556
Casey's General Stores Inc
 
18,372
12,595,659
Chefs' Warehouse Inc/The (f)
 
5,975
426,555
Costco Wholesale Corp
 
345,829
349,560,495
Dollar General Corp
 
253,181
39,556,999
Dollar Tree Inc (f)
 
273,493
34,591,395
Ingles Markets Inc Class A
 
125,844
10,709,324
Kroger Co/The
 
943,292
64,370,246
Maplebear Inc (f)
 
156,848
5,883,368
Performance Food Group Co (f)
 
302,309
29,342,112
PriceSmart Inc
 
126,522
19,562,832
Sprouts Farmers Market Inc (f)
 
148,603
10,977,304
Sysco Corp
 
473,182
43,135,271
Target Corp
 
396,600
45,129,114
United Natural Foods Inc (e)(f)
 
174,839
6,680,598
US Foods Holding Corp (f)
 
441,678
42,670,512
Walmart Inc
 
3,015,757
385,866,108
 
 
 
1,200,917,008
Food Products - 0.3%
 
 
 
Archer-Daniels-Midland Co
 
200
13,808
BRC Inc Class A (e)(f)
 
29,818
18,770
Cal-Maine Foods Inc (e)
 
134,222
11,692,078
Calavo Growers Inc
 
36,078
968,334
Campbell's Company/The (e)
 
298,700
8,049,965
Conagra Brands Inc
 
334,863
6,446,113
Dole PLC
 
405,986
6,512,015
Freshpet Inc (f)
 
131,209
11,080,600
General Mills Inc
 
379,959
17,185,546
Hershey Co/The
 
5,474
1,293,397
Hormel Foods Corp
 
39,700
1,016,320
Ingredion Inc
 
161,800
19,005,028
JM Smucker Co
 
101,448
11,762,896
Kraft Heinz Co/The
 
544,330
13,395,961
Lamb Weston Holdings Inc
 
244,244
11,770,118
Limoneira Co
 
46
648
Mama's Creations Inc (f)
 
630,659
10,809,495
Marzetti Company/The
 
47,007
7,725,130
McCormick & Co Inc/MD
 
56,200
3,992,448
Mondelez International Inc
 
998,586
61,492,926
Pilgrim's Pride Corp
 
180,067
7,771,692
Post Holdings Inc (f)
 
1,832
194,742
Seaboard Corp
 
10
51,327
Simply Good Foods Co/The (e)(f)
 
410,328
7,000,196
Smithfield Foods Inc
 
169,098
4,207,158
Tootsie Roll Industries Inc Class A
 
37,601
1,587,890
Tyson Foods Inc Class A
 
285,947
18,583,696
 
 
 
243,628,297
Household Products - 0.6%
 
 
 
Central Garden & Pet Co Class A (f)
 
28,707
991,540
Church & Dwight Co Inc
 
802,441
84,143,963
Clorox Co/The
 
83,737
10,647,997
Colgate-Palmolive Co
 
718,211
71,203,439
Energizer Holdings Inc (e)
 
319,500
6,898,005
Kimberly-Clark Corp (e)
 
198,066
22,072,475
Oil-Dri Corp of America
 
370
25,101
Procter & Gamble Co/The
 
1,998,090
334,080,648
Reynolds Consumer Products Inc
 
117,658
2,919,095
WD-40 Co
 
69,716
16,606,351
 
 
 
549,588,614
Personal Care Products - 0.1%
 
 
 
BellRing Brands Inc (f)
 
567,886
10,443,424
Coty Inc Class A (e)(f)
 
189,700
476,147
elf Beauty Inc (e)(f)
 
180,637
16,627,636
Estee Lauder Cos Inc/The Class A
 
292,454
32,014,939
Herbalife Ltd (f)
 
3,428
66,914
Honest Co Inc/The (e)(f)
 
1,732,560
4,851,168
Kenvue Inc
 
656,851
12,558,991
Medifast Inc (e)(f)
 
7,845
82,608
Niagen Bioscience Inc (f)
 
30,800
155,540
Nu Skin Enterprises Inc Class A
 
343,909
2,916,348
Olaplex Holdings Inc (f)
 
1,052,604
1,694,692
 
 
 
81,888,407
Tobacco - 0.6%
 
 
 
Altria Group Inc
 
2,545,771
175,760,030
Philip Morris International Inc
 
2,180,769
407,433,073
Turning Point Brands Inc
 
39,361
5,392,063
 
 
 
588,585,166
TOTAL CONSUMER STAPLES
 
 
3,589,718,572
Energy - 3.2%
 
 
 
Energy Equipment & Services - 0.4%
 
 
 
Archrock Inc
 
136,837
4,834,451
Baker Hughes Co Class A
 
3,223,961
210,395,696
Cactus Inc Class A
 
135,358
7,309,332
Halliburton Co
 
1,048,900
37,760,400
Liberty Energy Inc Class A
 
182,458
5,125,245
Nabors Industries Ltd (f)
 
2,457
191,941
NOV Inc
 
73,317
1,485,402
Oceaneering International Inc (e)(f)
 
71,206
2,527,813
Oil States International Inc (f)
 
28,000
366,520
Patterson-UTI Energy Inc
 
413,832
3,521,710
ProPetro Holding Corp (f)
 
434,219
5,267,076
SLB Ltd
 
1,772,421
90,996,095
Solaris Energy Infrastructure Inc Class A
 
237,434
11,783,849
TETRA Technologies Inc (f)
 
4,300
37,238
Tidewater Inc (f)
 
4,406
349,925
Transocean Ltd (f)
 
609,233
3,947,830
Valaris Ltd (f)
 
4,698
450,303
Weatherford International PLC
 
69,001
7,276,845
 
 
 
393,627,671
Oil, Gas & Consumable Fuels - 2.8%
 
 
 
Antero Midstream Corp
 
983,567
22,110,586
Antero Resources Corp (f)
 
458,345
16,871,679
APA Corp
 
441,900
13,420,503
California Resources Corp
 
62,055
3,651,316
Centrus Energy Corp Class A (e)(f)
 
2,981
603,921
Cheniere Energy Inc
 
125,400
29,560,542
Chevron Corp
 
1,275,337
238,181,938
Chord Energy Corp
 
51,908
5,625,270
Clean Energy Fuels Corp (f)
 
261,709
591,462
CNX Resources Corp (e)(f)
 
210,205
8,782,365
Comstock Resources Inc (f)
 
1,410
27,650
ConocoPhillips
 
1,199,240
136,065,770
Core Natural Resources Inc
 
18,382
1,508,795
Coterra Energy Inc
 
149,671
4,578,436
Crescent Energy Co Class A (e)
 
1,252,410
14,603,101
CVR Energy Inc (e)(f)
 
12,100
292,336
Delek US Holdings Inc
 
322,796
12,301,756
Devon Energy Corp
 
1,014,189
44,147,647
DHT Holdings Inc
 
382,895
7,462,624
Diamondback Energy Inc
 
287,929
50,122,680
Dorian LPG Ltd
 
78,902
2,918,585
DT Midstream Inc
 
140,886
19,560,612
Energy Fuels Inc/Canada (United States) (e)(f)
 
63,218
1,347,808
EOG Resources Inc
 
1,350,055
167,514,824
EQT Corp
 
1,726,307
106,029,776
Excelerate Energy Inc Class A
 
23,500
945,875
Expand Energy Corp
 
294,219
31,752,114
Exxon Mobil Corp
 
6,272,114
956,497,386
FutureFuel Corp
 
23,800
102,816
Green Plains Inc (f)
 
22,200
304,806
Gulfport Energy Corp (f)
 
2,455
512,260
HF Sinclair Corp
 
583,895
29,200,589
International Seaways Inc
 
1,500
113,295
Kinder Morgan Inc
 
1,147,600
38,180,652
Magnolia Oil & Gas Corp Class A
 
423,545
11,783,022
Marathon Petroleum Corp
 
207,499
41,128,377
Matador Resources Co (e)
 
737,342
37,899,379
Murphy Oil Corp
 
74,015
2,453,597
Northern Oil & Gas Inc (e)
 
301,814
8,327,048
Occidental Petroleum Corp
 
2,600
138,008
Ovintiv Inc
 
443,080
22,415,417
Par Pacific Holdings Inc (f)
 
20,927
892,955
PBF Energy Inc Class A
 
329,161
11,718,132
Permian Resources Holdings Inc/DE Class A
 
828,042
15,144,888
Phillips 66
 
429,512
66,286,587
Plains GP Holdings LP Class A
 
8,979
202,387
PrimeEnergy Resources Corp (f)
 
533
106,014
Range Resources Corp (e)
 
401,132
16,558,729
REX American Resources Corp (f)
 
60,449
2,149,566
Riley Exploration Permian Inc
 
13,000
374,920
Shell PLC ADR
 
386,397
32,268,013
SM Energy Co
 
263,440
6,093,367
Targa Resources Corp
 
232,346
54,787,187
Uranium Energy Corp (e)(f)
 
158,311
2,426,908
Valero Energy Corp
 
590,159
120,770,138
Williams Cos Inc/The
 
1,433,706
107,126,512
World Kinect Corp
 
800
19,960
 
 
 
2,526,562,886
TOTAL ENERGY
 
 
2,920,190,557
Financials - 11.0%
 
 
 
Banks - 3.5%
 
 
 
1st Source Corp
 
20,810
1,394,478
Amalgamated Financial Corp
 
6,124
235,713
Ameris Bancorp
 
13,881
1,077,998
Associated Banc-Corp
 
394,892
10,429,098
Atlantic Union Bankshares Corp (e)
 
99,615
3,691,732
Axos Financial Inc (f)
 
129,267
11,222,961
Banc of California Inc
 
1,400
25,858
Bancorp Inc/The (f)
 
99,099
5,201,707
Bank First Corp
 
1,456
196,080
Bank of America Corp
 
12,545,809
625,157,662
Bank of Hawaii Corp
 
6,728
509,781
Bank OZK
 
105,700
4,921,392
Bank7 Corp
 
3,615
147,058
Banner Corp
 
103,459
6,088,562
Beacon Financial Corp
 
2,388
71,019
BOK Financial Corp
 
16,600
2,086,952
Camden National Corp
 
6,790
313,426
Capitol Federal Financial Inc
 
30,315
217,662
CF Bankshares Inc Class A
 
1,067
32,245
Citigroup Inc
 
2,868,439
316,073,293
Citizens Financial Group Inc
 
959,060
57,725,821
Columbia Banking System Inc
 
275,800
7,846,510
Commerce Bancshares Inc/MO
 
51,187
2,610,025
Community Trust Bancorp Inc
 
12,295
738,192
Community West Bancshares
 
12,881
299,226
Connectone Bancorp  Inc
 
41,315
1,096,087
Cullen/Frost Bankers Inc
 
114,733
15,858,395
Customers Bancorp Inc (f)
 
14,405
971,473
CVB Financial Corp
 
6,780
130,379
East West Bancorp Inc
 
307,982
33,708,630
Eastern Bankshares Inc
 
38,357
750,263
Enterprise Financial Services Corp
 
11,385
650,084
Esquire Financial Holdings Inc
 
14,445
1,458,656
Fifth Third Bancorp
 
2,936,648
145,275,977
First Business Financial Services Inc
 
5,976
326,588
First Citizens BancShares Inc/NC Class A (e)
 
9,186
17,436,406
First Financial Bankshares Inc
 
74,965
2,318,667
First Hawaiian Inc
 
329,393
8,155,771
First Horizon Corp
 
1,352,038
32,164,984
First Internet Bancorp
 
11,254
228,231
Flagstar Financial Inc (e)
 
609,234
7,731,179
Flushing Financial Corp
 
38,890
600,073
FNB Corp/PA
 
304,268
5,169,513
Hancock Whitney Corp
 
1,132
74,497
Heritage Commerce Corp
 
25,350
315,101
Hilltop Holdings Inc
 
1,924
72,015
Home BancShares Inc/AR
 
2,200
60,412
HomeTrust Bancshares Inc
 
5,547
233,751
Horizon Bancorp Inc/IN
 
55,556
935,563
Huntington Bancshares Inc/OH
 
1,331,590
22,370,712
Independent Bank Corp (e)
 
117,660
9,185,716
Independent Bank Corp/MI
 
29,535
1,026,341
Investar Holding Corp
 
6,377
180,023
JPMorgan Chase & Co
 
2,270,555
681,847,667
Kearny Financial Corp/MD
 
164,960
1,261,944
KeyCorp
 
2,017,296
41,838,719
Live Oak Bancshares Inc
 
19,042
690,653
M&T Bank Corp
 
59,943
13,006,432
Meridian Corp
 
49,980
971,611
Metropolitan Bank Holding Corp
 
15,056
1,266,962
Midland States Bancorp Inc
 
9,557
211,496
National Bank Holdings Corp Class A
 
114,141
4,564,499
NB Bancorp Inc
 
57,846
1,234,434
Nicolet Bankshares Inc (e)
 
9,046
1,381,867
Northfield Bancorp Inc
 
210,506
2,808,150
Northrim BanCorp Inc
 
47,530
1,116,480
OceanFirst Financial Corp
 
160,353
2,895,975
Old National Bancorp/IN
 
405,552
9,368,251
Park National Corp
 
8,490
1,396,860
Pathward Financial Inc
 
49,381
4,483,301
Peoples Bancorp Inc/OH
 
4,251
137,180
Pinnacle Financial Partners Inc
 
193,942
17,602,176
PNC Financial Services Group Inc/The
 
142,979
30,361,591
Preferred Bank/Los Angeles CA
 
24,762
2,172,123
Provident Financial Services Inc (e)
 
22,864
481,059
Regions Financial Corp
 
1,627,322
45,288,371
S&T Bancorp Inc
 
2,400
100,344
Seacoast Banking Corp of Florida
 
305,594
9,510,085
ServisFirst Bancshares Inc
 
200
16,201
Southern First Bancshares Inc (f)
 
9,330
520,987
SOUTHSTATE BANK CORP
 
4,828
476,379
Texas Capital Bancshares Inc (f)
 
95,733
9,123,355
Third Coast Bancshares Inc (f)
 
2,577
102,075
Tompkins Financial Corp
 
854
65,510
Towne Bank/Portsmouth VA
 
1,604
54,953
Truist Financial Corp
 
1,138,731
56,150,826
Trustmark Corp
 
1,414
60,222
UMB Financial Corp (e)
 
115,378
13,370,003
United Bankshares Inc/WV
 
27,434
1,133,024
United Community Bank/SC
 
22,263
716,201
Unity Bancorp Inc
 
4,511
239,940
US Bancorp
 
4,643,611
253,819,777
WaFd Inc (e)
 
295,973
9,222,519
Washington Trust Bancorp Inc
 
20,812
701,156
Webster Financial Corp
 
5,400
389,502
Wells Fargo & Co
 
5,826,449
474,564,271
WesBanco Inc
 
23,571
821,921
Western Alliance Bancorp
 
159,728
12,829,353
Wintrust Financial Corp
 
82,467
11,880,196
Zions Bancorp NA
 
373,763
21,409,145
 
 
 
3,110,465,684
Capital Markets - 2.4%
 
 
 
Acadian Asset Management Inc
 
20,291
1,092,873
Affiliated Managers Group Inc
 
51,000
15,615,180
Ameriprise Financial Inc
 
82,895
38,970,597
Ares Management Corp Class A
 
189,397
21,214,358
Artisan Partners Asset Management Inc Class A (e)
 
151,605
6,106,649
Bank of New York Mellon Corp/The
 
948,425
112,957,418
BGC Group Inc Class A
 
13,896
132,290
Blackrock Inc
 
104,051
110,630,145
Blackstone Inc
 
149,800
16,982,826
Blue Owl Capital Inc Class A (e)
 
233,700
2,465,535
Carlyle Group Inc/The
 
193,236
10,046,340
Cboe Global Markets Inc
 
63,166
18,932,114
Charles Schwab Corp/The
 
3,715,722
353,736,734
CME Group Inc Class A
 
187,081
59,772,380
Cohen & Steers Inc
 
59,244
3,961,646
Coinbase Global Inc Class A (f)
 
16,930
2,977,141
Diamond Hill Investment Group Inc
 
5,552
954,222
DigitalBridge Group Inc Class A
 
13,249
204,697
Evercore Inc Class A
 
153,518
47,412,499
FactSet Research Systems Inc (e)
 
39,409
8,544,265
Federated Hermes Inc Class B
 
427,210
23,928,032
Franklin Resources Inc
 
141,288
3,749,784
Goldman Sachs Group Inc/The
 
336,150
288,944,456
Hamilton Lane Inc Class A
 
87,030
9,132,928
Houlihan Lokey Inc Class A
 
239,471
39,218,166
Interactive Brokers Group Inc Class A
 
155,886
11,097,524
Intercontinental Exchange Inc
 
490,134
80,445,693
Invesco Ltd
 
1,323,674
34,759,679
Janus Henderson Group PLC
 
36,080
1,879,768
Jefferies Financial Group Inc
 
743,385
33,006,294
KKR & Co Inc Class A
 
1,072,813
94,064,244
Lazard Inc
 
242,591
12,275,105
LPL Financial Holdings Inc
 
21,253
6,383,976
MarketAxess Holdings Inc
 
140,646
27,004,032
Miami International Holdings Inc
 
28,721
1,223,515
Moelis & Co Class A
 
159,576
9,472,431
Moody's Corp
 
153,776
73,441,880
Morgan Stanley
 
1,347,427
224,360,070
Morningstar Inc
 
75,568
13,839,524
MSCI Inc
 
31,164
17,820,510
Nasdaq Inc
 
389,795
34,138,246
Northern Trust Corp
 
85,300
12,205,577
Open Lending Corp (f)
 
4,483,055
5,962,463
Oppenheimer Holdings Inc Class A
 
48,774
4,208,708
Perella Weinberg Partners Class A (e)
 
158,302
2,930,170
PJT Partners Inc Class A
 
65,436
9,663,588
Raymond James Financial Inc
 
97,600
14,940,608
Ridgepost Capital Inc Class A (e)
 
557,098
4,495,781
Robinhood Markets Inc Class A (f)
 
200,750
15,226,888
S&P Global Inc
 
168,150
74,302,122
SEI Investments Co
 
477,427
38,824,364
State Street Corp
 
560,139
72,045,078
StepStone Group Inc Class A
 
9,937
428,682
Stifel Financial Corp
 
168,477
12,475,722
StoneX Group Inc (f)
 
8,814
1,123,785
T Rowe Price Group Inc
 
59,200
5,602,096
TPG Inc Class A
 
245,816
10,673,331
Tradeweb Markets Inc Class A
 
326,521
40,245,346
Virtu Financial Inc Class A
 
897,762
37,176,324
WisdomTree Inc
 
3,528
60,363
 
 
 
2,235,486,762
Consumer Finance - 0.3%
 
 
 
Ally Financial Inc
 
199,248
7,858,341
American Express Co
 
304,243
93,980,663
Atlanticus Holdings Corp (f)
 
1,056
55,239
Bread Financial Holdings Inc
 
1,288
91,268
Capital One Financial Corp
 
448,678
87,779,364
Dave Inc Class A (f)
 
96,380
18,627,363
Encore Capital Group Inc (f)
 
115,092
7,859,633
Enova International Inc (f)
 
109,057
15,164,376
EZCORP Inc Class A (f)
 
78,864
2,092,262
Figure Technology Solutions Inc Class A (e)
 
394,400
9,970,432
Green Dot Corp Class A (f)
 
500
5,779
LendingClub Corp (f)
 
10,200
152,082
Lendingtree Inc (f)
 
7,438
277,958
Navient Corp
 
22,610
198,742
Nelnet Inc Class A
 
600
77,676
OneMain Holdings Inc
 
194,653
10,709,808
Oportun Financial Corp (f)
 
1,200
6,215
PRA Group Inc (f)
 
99,417
1,565,818
PROG Holdings Inc
 
89,246
3,142,352
SLM Corp
 
273,600
5,127,264
SoFi Technologies Inc Class A (f)
 
1,340,811
23,812,803
Synchrony Financial
 
327,900
22,661,169
Upstart Holdings Inc (e)(f)
 
30,725
836,642
 
 
 
312,053,249
Financial Services - 2.9%
 
 
 
Affirm Holdings Inc Class A (f)
 
805,091
37,823,175
Apollo Global Management Inc
 
1,028,804
107,612,898
Berkshire Hathaway Inc Class A (f)
 
7
5,299,000
Berkshire Hathaway Inc Class B (f)
 
1,258,120
635,287,694
Block Inc Class A (f)
 
964,012
61,407,564
Cannae Holdings Inc (e)
 
212,504
2,592,549
Cantaloupe Inc (f)
 
125,736
1,312,684
Corebridge Financial Inc (e)
 
1,199,031
30,982,961
Corpay Inc (f)
 
345,402
112,290,190
Enact Holdings Inc
 
6,800
284,512
Equitable Holdings Inc
 
1,061,791
42,705,234
Essent Group Ltd
 
25,075
1,525,563
Federal Agricultural Mortgage Corp Class C
 
2,411
380,118
Fidelity National Information Services Inc
 
2,051,490
104,543,930
Fiserv Inc (f)
 
399,940
24,912,263
Global Payments Inc
 
298,181
22,798,919
HA Sustainable Infrastructure Capital Inc
 
347,463
12,689,349
International Money Express Inc (f)
 
63,855
1,007,632
Jack Henry & Associates Inc
 
2,324
377,557
Jackson Financial Inc
 
12,562
1,375,288
Mastercard Inc Class A
 
1,476,390
763,603,672
MGIC Investment Corp
 
559,900
14,854,147
NCR Atleos Corp (f)
 
283,405
12,549,173
NMI Holdings Inc (f)
 
128,576
5,054,323
Onity Group Inc (f)
 
5,224
218,938
Paymentus Holdings Inc Class A (f)
 
3,300
80,751
Payoneer Global Inc (f)
 
245,700
1,061,424
PayPal Holdings Inc
 
523,028
24,169,124
PennyMac Financial Services Inc
 
100
9,193
Radian Group Inc
 
438,214
15,127,147
Remitly Global Inc (f)
 
882,839
14,743,411
Repay Holdings Corp Class A (f)
 
1,945,835
5,409,421
Rocket Cos Inc Class A
 
66,045
1,201,359
Sezzle Inc (e)(f)
 
119,069
8,686,084
Shift4 Payments Inc Class A (e)(f)
 
219,574
9,676,626
Sycamore Partners LLC rights (f)(g)
 
304,719
164,548
Toast Inc Class A (f)
 
148,348
4,051,384
Velocity Financial Inc (f)
 
39,750
738,953
Visa Inc Class A
 
1,693,820
542,259,535
Voya Financial Inc
 
455,892
30,490,057
Walker & Dunlop Inc
 
100,287
4,614,205
Waterstone Financial Inc
 
20,699
368,649
Western Union Co/The (e)
 
1,441,909
13,885,584
WEX Inc (f)
 
57,396
8,562,909
 
 
 
2,688,789,697
Insurance - 1.9%
 
 
 
AFLAC Inc
 
243,574
27,506,812
Allstate Corp/The
 
533,502
114,446,849
American Financial Group Inc/OH
 
286,455
38,092,786
American Integrity Insurance Group Inc (e)
 
14,835
302,041
American International Group Inc
 
948,629
76,355,148
Amerisafe Inc
 
89,249
2,903,270
Aon PLC
 
325,667
109,251,508
Arch Capital Group Ltd (f)
 
191,136
19,142,270
Arthur J Gallagher & Co (e)
 
677,973
154,713,439
Assurant Inc
 
36,747
8,436,744
Assured Guaranty Ltd
 
235,620
20,312,800
Ategrity Specialty Holdings LLC
 
6,014
133,030
Axis Capital Holdings Ltd
 
410,981
43,448,911
Baldwin Insurance Group Inc/The Class A (e)(f)
 
402,326
9,346,033
Brighthouse Financial Inc (f)
 
2,000
119,960
Brown & Brown Inc
 
97,200
6,980,904
Chubb Ltd
 
710,882
242,311,239
Cincinnati Financial Corp
 
153,496
25,170,274
CNA Financial Corp (e)
 
162,550
7,805,651
Donegal Group Inc Class A
 
16,150
284,563
eHealth Inc (f)
 
1,131
1,470
Employers Holdings Inc
 
3,877
160,314
Erie Indemnity Co Class A (e)
 
54,650
14,724,896
Everest Group Ltd
 
85,280
28,610,587
Exzeo Group Inc
 
292,394
4,900,523
F&G Annuities & Life Inc
 
34,880
790,032
Fidelity National Financial Inc
 
87,146
4,608,280
First American Financial Corp
 
230,560
16,164,562
Genworth Financial Inc Class A (f)
 
1,835,930
15,495,249
Globe Life Inc
 
244,629
35,534,809
Goosehead Insurance Inc Class A (f)
 
54,537
2,955,905
Hanover Insurance Group Inc/The
 
108,161
19,537,121
Hartford Insurance Group Inc/The
 
449,994
63,372,655
Heritage Insurance Holdings Inc (f)
 
47,949
1,336,339
Hippo Holdings Inc (f)
 
44,689
1,285,256
Horace Mann Educators Corp
 
591
25,714
Kemper Corp
 
85,659
2,768,499
Kinsale Capital Group Inc (e)
 
75,527
29,430,606
Lemonade Inc (e)(f)
 
15,382
795,865
Lincoln National Corp
 
337,394
11,572,614
Loews Corp
 
67,600
7,437,352
Markel Group Inc (f)
 
2,859
5,925,192
Marsh & McLennan Cos Inc
 
772,328
144,224,531
Mercury General Corp
 
9,263
839,043
MetLife Inc
 
1,163,376
83,844,508
Octave Specialty Group Inc (f)
 
49,667
265,718
Old Republic International Corp
 
277,700
11,904,999
Oscar Health Inc Class A (f)
 
277,494
3,785,018
Palomar Hldgs Inc (f)
 
21,572
2,668,672
Primerica Inc
 
89,187
22,623,174
Principal Financial Group Inc
 
167,569
15,989,434
ProAssurance Corp (f)
 
323
7,930
Progressive Corp/The
 
459,675
98,214,161
Prudential Financial Inc
 
278,123
27,361,741
Reinsurance Group of America Inc
 
108,666
23,442,516
RLI Corp (e)
 
293,618
18,298,274
Root Inc/OH Class A (e)(f)
 
3,173
164,615
Safety Insurance Group Inc
 
1,100
85,393
Selective Insurance Group Inc
 
2
168
Skyward Specialty Insurance Group Inc (f)
 
13,654
634,501
Slide Insurance Holdings Inc (f)
 
86,305
1,639,795
Stewart Information Services Corp
 
65,720
4,665,463
Tiptree Inc Class A
 
22,294
379,667
Travelers Companies Inc/The
 
152,081
46,938,280
United Fire Group Inc
 
3,727
144,831
Universal Insurance Holdings Inc
 
84,842
2,983,893
Unum Group
 
427,266
30,647,790
W R Berkley Corp
 
120,803
8,661,575
White Mountains Insurance Group Ltd (e)
 
13,654
30,318,844
Willis Towers Watson PLC
 
82,300
25,115,491
 
 
 
1,780,348,097
Mortgage Real Estate Investment Trusts (REITs) - 0.0%
 
 
 
Annaly Capital Management Inc
 
550,700
12,798,268
Ellington Financial Inc
 
500
6,210
Granite Point Mortgage Trust Inc
 
8,100
14,094
Ladder Capital Corp Class A
 
6,412
66,492
Pennymac Mortgage Investment Trust
 
1,300
15,938
Ready Capital Corp
 
9,500
17,575
Rithm Capital Corp
 
61,900
622,095
Starwood Property Trust Inc
 
9,200
163,852
Two Harbors Investment Corp
 
1,100
11,363
 
 
 
13,715,887
TOTAL FINANCIALS
 
 
10,140,859,376
Health Care - 8.5%
 
 
 
Biotechnology - 2.1%
 
 
 
AbbVie Inc
 
2,477,838
575,056,643
ACADIA Pharmaceuticals Inc (f)
 
83,813
2,058,447
ADMA Biologics Inc (f)
 
25,700
400,149
Agios Pharmaceuticals Inc (e)(f)
 
460,278
13,914,204
Alector Inc (f)
 
45,900
111,537
Aligos Therapeutics Inc Class A (f)
 
760
5,343
Alkermes PLC (f)
 
71,545
2,153,505
Alnylam Pharmaceuticals Inc (f)
 
38,963
12,971,562
Altimmune Inc (e)(f)
 
36,028
155,281
Amgen Inc
 
404,568
157,037,115
Amicus Therapeutics Inc (f)
 
58,082
834,638
AnaptysBio Inc (f)
 
8,100
445,905
Anika Therapeutics Inc (f)
 
4,463
64,089
Apellis Pharmaceuticals Inc (f)
 
67,223
1,408,994
Apogee Therapeutics Inc (f)
 
11,530
807,100
Arcturus Therapeutics Holdings Inc (e)(f)
 
43,893
361,239
Arcus Biosciences Inc (f)
 
12,612
256,906
Arcutis Biotherapeutics Inc (f)
 
56,600
1,526,502
Ardelyx Inc (f)
 
198,343
1,299,147
Arrowhead Pharmaceuticals Inc (f)
 
27,058
1,711,960
Atrium Therapeutics Inc
 
1,327
19,573
Avidity Biosciences Inc (f)
 
13,279
956,088
Beam Therapeutics Inc (f)
 
6,228
177,249
BioCryst Pharmaceuticals Inc (f)
 
236,392
2,068,430
Biogen Inc (f)
 
53,400
10,243,188
BioMarin Pharmaceutical Inc (f)
 
182,060
11,238,564
Black Diamond Therapeutics Inc (f)
 
400
988
Blueprint Medicines Corp rights (f)(g)
 
24,629
0
Bridgebio Pharma Inc (f)
 
237,542
15,791,792
Candel Therapeutics Inc (e)(f)
 
1,678,654
8,812,934
CareDx Inc (f)
 
157,634
2,957,214
Caris Life Sciences Inc (e)(f)
 
189,239
3,811,273
Catalyst Pharmaceuticals Inc (f)
 
82,114
1,895,191
Celldex Therapeutics Inc (f)
 
24,529
738,078
Centessa Pharmaceuticals PLC ADR (f)
 
69,000
1,853,340
CG oncology Inc (f)
 
18,000
1,058,400
Cogent Biosciences Inc (f)
 
132,083
5,131,425
Corvus Pharmaceuticals Inc (f)
 
29,306
535,128
Cytokinetics Inc (e)(f)
 
291,100
18,112,242
Day One Biopharmaceuticals Inc (f)
 
135,276
1,433,926
Denali Therapeutics Inc (f)
 
48,712
1,031,720
Design Therapeutics Inc (f)
 
100
1,044
Disc Medicine Inc (f)
 
34,708
2,312,247
Dyne Therapeutics Inc (f)
 
7,527
117,572
Editas Medicine Inc (f)
 
80,316
176,695
Emergent BioSolutions Inc (f)
 
9,655
78,688
Exact Sciences Corp (f)
 
28,392
2,935,165
Exelixis Inc (f)
 
1,210,918
53,353,047
Gilead Sciences Inc
 
1,250,564
186,271,508
GRAIL Inc (e)(f)
 
4,495
239,269
Halozyme Therapeutics Inc (f)
 
308,166
21,426,782
Heron Therapeutics Inc (e)(f)
 
24,863
29,587
Ideaya Biosciences Inc (f)
 
54,002
1,738,864
Incyte Corp (f)
 
565,158
57,233,551
Insmed Inc (f)
 
196,756
29,381,573
Intellia Therapeutics Inc (e)(f)
 
50,538
696,414
Ionis Pharmaceuticals Inc (f)
 
269,755
21,890,618
Iovance Biotherapeutics Inc (e)(f)
 
139,705
539,261
Ironwood Pharmaceuticals Inc Class A (f)
 
156,444
535,038
Janux Therapeutics Inc (f)
 
28,994
394,608
Kiniksa Pharmaceuticals International Plc Class A (f)
 
42,892
1,908,265
Kura Oncology Inc (f)
 
18,329
160,012
Kymera Therapeutics Inc (e)(f)
 
22,771
2,080,131
Legend Biotech Corp ADR (f)
 
128,000
2,432,000
MacroGenics Inc (f)
 
48,000
95,520
Madrigal Pharmaceuticals Inc (f)
 
4,388
1,895,616
MannKind Corp (f)
 
286,582
939,989
MiMedx Group Inc (f)
 
214,601
1,049,399
Mineralys Therapeutics Inc (f)
 
40,000
1,170,400
Mirum Pharmaceuticals Inc (e)(f)
 
41,493
3,829,389
Moderna Inc (f)
 
138,362
7,412,052
Myriad Genetics Inc (f)
 
129,061
594,971
Natera Inc (f)
 
232,346
48,337,262
Neurocrine Biosciences Inc (f)
 
128,263
16,962,782
Novavax Inc (e)(f)
 
85,900
871,026
Nuvalent Inc Class A (f)
 
22,800
2,324,460
Olema Pharmaceuticals Inc (f)
 
54,000
1,306,800
Organogenesis Holdings Inc Class A (f)
 
28,300
90,843
Praxis Precision Medicines Inc (f)
 
12,060
4,061,205
Protagonist Therapeutics Inc (f)
 
12,258
1,128,717
PTC Therapeutics Inc (f)
 
145,871
9,946,943
Puma Biotechnology Inc (f)
 
13,811
78,723
Recursion Pharmaceuticals Inc Class A (e)(f)
 
212,474
779,780
Regeneron Pharmaceuticals Inc
 
235,050
183,731,534
REGENXBIO Inc (e)(f)
 
117,086
1,058,457
Revolution Medicines Inc (f)
 
60,870
6,209,957
Rigel Pharmaceuticals Inc (f)
 
20,109
698,587
Roivant Sciences Ltd (f)
 
24,245
701,650
Sana Biotechnology Inc (f)
 
1,300
5,473
Sarepta Therapeutics Inc (e)(f)
 
71,934
1,205,614
Savara Inc (f)
 
23,000
138,460
Scholar Rock Holding Corp (e)(f)
 
24,583
1,088,289
Soleno Therapeutics Inc (f)
 
32,306
1,262,195
Spyre Therapeutics Inc (f)
 
22,221
955,725
Summit Therapeutics Inc (e)(f)
 
7,725
128,158
Syndax Pharmaceuticals Inc (e)(f)
 
117,848
2,558,480
Taysha Gene Therapies Inc (f)
 
64,700
293,091
TG Therapeutics Inc (e)(f)
 
112,901
3,397,191
Travere Therapeutics Inc (f)
 
45,563
1,357,322
TScan Therapeutics Inc (f)
 
1,500
1,590
Twist Bioscience Corp (e)(f)
 
121,191
5,686,282
Ultragenyx Pharmaceutical Inc (f)
 
599,685
14,026,632
United Therapeutics Corp (f)
 
192,835
97,169,557
Upstream Bio Inc (f)
 
2,382
18,294
Vanda Pharmaceuticals Inc (f)
 
181,262
1,615,044
Vaxcyte Inc (f)
 
60,414
3,729,960
Veracyte Inc (f)
 
412,206
15,082,618
Vericel Corp (f)
 
159,864
5,703,948
Vertex Pharmaceuticals Inc (f)
 
437,284
217,255,810
Viking Therapeutics Inc (f)
 
80,476
2,723,308
Vir Biotechnology Inc (f)
 
29,013
263,728
Viridian Therapeutics Inc (f)
 
81,900
2,406,222
Voyager Therapeutics Inc (f)
 
12,873
52,779
XenoTherapeutics Inc rights (f)(g)
 
7,699
0
Zenas Biopharma Inc (e)(f)
 
60,000
1,581,000
Zentalis Pharmaceuticals Inc (f)
 
3,111
7,435
Zymeworks Inc (f)
 
33,664
784,035
 
 
 
1,922,153,250
Health Care Equipment & Supplies - 1.7%
 
 
 
Abbott Laboratories
 
1,563,086
181,865,056
ABIOMED Inc (f)(g)
 
14,700
33,957
Align Technology Inc (f)
 
102,776
19,537,718
Alphatec Holdings Inc (f)
 
3,300
44,946
AngioDynamics Inc (e)(f)
 
35,214
402,848
Avanos Medical Inc (e)(f)
 
12,300
173,430
Axogen Inc (f)
 
201,965
6,408,349
Baxter International Inc
 
224,500
4,573,065
Becton Dickinson & Co
 
154,754
27,310,986
Boston Scientific Corp (f)
 
3,076,272
236,411,503
Cerus Corp (f)
 
7,700
19,712
CONMED Corp
 
1,176
54,096
Cooper Cos Inc/The (f)
 
283,505
23,720,863
CVRx Inc (f)
 
400
3,263
DENTSPLY SIRONA Inc
 
193,488
2,840,404
Dexcom Inc (f)
 
116,389
8,546,444
Edwards Lifesciences Corp (f)
 
694,025
60,012,342
Electromed Inc (f)
 
15,235
361,070
Embecta Corp
 
426,532
4,376,218
Enovis Corp (e)(f)
 
168,647
4,295,439
Envista Holdings Corp (f)
 
539,051
15,745,680
GE HealthCare Technologies Inc
 
186,350
15,703,715
Glaukos Corp (f)
 
16,028
1,929,771
Globus Medical Inc Class A (f)
 
373,891
35,691,635
Haemonetics Corp (f)
 
141,262
8,944,710
Hologic Inc (f)
 
5,295
399,031
ICU Medical Inc (e)(f)
 
78,605
11,836,341
IDEXX Laboratories Inc (f)
 
30,017
19,713,064
Inmode Ltd (f)
 
42,822
588,803
Inogen Inc (f)
 
2,200
13,420
Inspire Medical Systems Inc (f)
 
58,168
3,752,418
Insulet Corp (f)
 
34,313
8,461,929
Integer Holdings Corp (f)
 
191,789
16,624,271
Integra LifeSciences Holdings Corp (f)
 
3,200
36,416
Intuitive Surgical Inc (f)
 
340,572
171,481,408
iRadimed Corp
 
18,763
1,942,533
iRhythm Technologies Inc (f)
 
13,097
1,751,724
Kestra Medical Technologies Ltd (e)(f)
 
42,000
977,760
Lantheus Holdings Inc (f)
 
283,789
21,258,634
LeMaitre Vascular Inc
 
44,813
4,847,870
LivaNova PLC (f)
 
44,168
3,118,261
Masimo Corp (f)
 
582
102,054
Medline Inc Class A (e)
 
126,803
6,024,411
Medtronic PLC
 
2,130,996
208,113,069
Merit Medical Systems Inc (f)
 
61,643
4,757,607
NeuroPace Inc (f)
 
33,049
481,854
Novocure Ltd (f)
 
163,692
2,237,670
Omnicell Inc (f)
 
23,161
951,917
OraSure Technologies Inc (f)
 
7,885
24,838
Penumbra Inc (f)
 
3,980
1,370,672
PROCEPT BioRobotics Corp (e)(f)
 
169,070
3,836,198
Pulmonx Corp (f)
 
10,200
16,116
Pulse Biosciences Inc (e)(f)
 
404,490
7,576,098
ResMed Inc
 
177,139
45,393,640
RxSight Inc (e)(f)
 
26,000
194,480
Sanara Medtech Inc (f)
 
2,605
53,246
Solventum Corp (f)
 
324,311
24,063,876
STERIS PLC
 
68,271
17,228,187
Stryker Corp
 
755,227
292,620,253
Tactile Systems Technology Inc (f)
 
4,400
128,876
Tandem Diabetes Care Inc (f)
 
131,687
3,331,681
Teleflex Inc
 
218,452
26,664,251
TransMedics Group Inc (e)(f)
 
58,199
8,453,987
Utah Medical Products Inc
 
6,355
423,307
Varex Imaging Corp (f)
 
5,800
76,386
Zimmer Biomet Holdings Inc
 
87,600
8,623,344
 
 
 
1,588,559,121
Health Care Providers & Services - 1.4%
 
 
 
Acadia Healthcare Co Inc (e)(f)
 
274,233
6,428,022
Accendra Health Inc (e)(f)
 
124,900
302,258
Addus HomeCare Corp (f)
 
18,939
1,960,755
agilon health Inc (f)
 
1,055,800
622,183
Alignment Healthcare Inc (f)
 
95,369
1,832,992
BrightSpring Health Services Inc (f)
 
108,134
4,479,992
Brookdale Senior Living Inc (f)
 
9,971
152,556
Cardinal Health Inc
 
284,768
65,277,369
Castle Biosciences Inc (f)
 
664,357
19,645,036
Cencora Inc
 
210,789
78,443,018
Centene Corp (f)
 
711,610
31,937,057
Chemed Corp
 
48,788
20,003,568
Cigna Group/The
 
93,744
27,168,886
Clover Health Investments Corp Class A (e)(f)
 
49,256
102,944
CorVel Corp (f)
 
76,409
3,941,176
Cross Country Healthcare Inc (f)
 
5,788
50,355
CVS Health Corp
 
2,218,741
177,277,406
DaVita Inc (f)
 
138,470
21,642,861
Elevance Health Inc
 
93,766
30,005,120
Encompass Health Corp
 
225,343
24,310,003
Ensign Group Inc/The
 
18,665
3,997,483
Fulgent Genetics Inc (f)
 
86,717
1,329,372
GeneDx Holdings Corp Class A (f)
 
99,855
7,959,442
Guardant Health Inc (f)
 
284,457
26,710,512
HCA Healthcare Inc
 
298,818
158,283,895
HealthEquity Inc (f)
 
190,662
14,583,736
Henry Schein Inc (f)
 
68,768
5,665,796
Hims & Hers Health Inc Class A (e)(f)
 
69,936
1,015,471
Hinge Health Inc Class A (f)
 
23,088
987,243
Humana Inc
 
10,000
1,905,400
Labcorp Holdings Inc (e)
 
57,953
16,755,371
LifeStance Health Group Inc (e)(f)
 
389,904
2,822,905
McKesson Corp (e)
 
104,568
103,247,306
Molina Healthcare Inc (f)
 
3,500
539,175
National Research Corp Class A
 
36,094
484,021
NeoGenomics Inc (e)(f)
 
105,900
1,040,997
Option Care Health Inc (f)
 
4,950
160,677
PACS Group Inc (f)
 
15,237
556,303
Pediatrix Medical Group Inc (e)(f)
 
5,600
111,160
Privia Health Group Inc (f)
 
180,763
4,293,121
Progyny Inc (f)
 
43,562
770,612
Quest Diagnostics Inc
 
96,891
20,532,172
RadNet Inc (f)
 
29,574
2,064,561
Select Medical Holdings Corp
 
537,143
8,041,031
Tenet Healthcare Corp (f)
 
260,351
62,325,426
UnitedHealth Group Inc
 
1,085,247
318,270,388
Universal Health Services Inc Class B
 
235,692
48,576,121
Viemed Healthcare Inc (f)
 
19,686
171,268
 
 
 
1,328,784,522
Health Care Technology - 0.0%
 
 
 
Definitive Healthcare Corp Class A (f)
 
35,792
45,813
Doximity Inc Class A (f)
 
517,818
12,702,076
Evolent Health Inc Class A (f)
 
70,000
227,500
HealthStream Inc (e)
 
51,020
1,083,155
Phreesia Inc (f)
 
68,766
847,885
Schrodinger Inc/United States (e)(f)
 
72,454
873,795
Veeva Systems Inc Class A (f)
 
46,533
8,469,471
Waystar Holding Corp (e)(f)
 
352,396
9,038,957
 
 
 
33,288,652
Life Sciences Tools & Services - 0.8%
 
 
 
10X Genomics Inc Class A (f)
 
131,784
3,037,621
Adaptive Biotechnologies Corp (f)
 
3,739
59,899
Agilent Technologies Inc
 
69,364
8,419,402
Avantor Inc (f)
 
418,335
3,785,932
Azenta Inc (e)(f)
 
305,279
8,236,427
Bio-Rad Laboratories Inc Class A (e)(f)
 
35,269
9,820,300
Bio-Techne Corp
 
738,432
43,567,488
Charles River Laboratories International Inc (f)
 
152,853
27,282,732
Codexis Inc (f)
 
22,500
22,725
Cytek Biosciences Inc (f)
 
700
3,136
Danaher Corp
 
959,236
202,053,472
Fortrea Holdings Inc (f)
 
14,317
153,478
ICON PLC (f)
 
129,565
14,011,159
Illumina Inc (f)
 
56,732
7,628,185
IQVIA Holdings Inc (f)
 
111,750
19,982,018
MaxCyte Inc (f)
 
13,385
10,859
Medpace Holdings Inc (f)
 
80,870
36,533,831
Mettler-Toledo International Inc (f)
 
846
1,156,220
OmniAb Inc (f)
 
6,224
10,705
Personalis Inc (e)(f)
 
486,020
4,403,341
QIAGEN NV (e)
 
34,962
1,741,108
Quanterix Corp (e)(f)
 
1,607,188
10,527,081
Repligen Corp (f)
 
19,685
2,534,050
Revvity Inc
 
95,526
9,391,161
Tempus AI Inc Class A (e)(f)
 
30,428
1,620,291
Thermo Fisher Scientific Inc
 
346,604
180,618,810
Waters Corp (f)
 
247,383
79,009,183
West Pharmaceutical Services Inc
 
82,156
20,895,557
 
 
 
696,516,171
Pharmaceuticals - 2.5%
 
 
 
Amneal Intermediate Inc Class A (f)
 
125,704
1,735,972
Amphastar Pharmaceuticals Inc (f)
 
1,200
24,276
Amylyx Pharmaceuticals Inc (e)(f)
 
84,041
1,274,902
ANI Pharmaceuticals Inc (f)
 
10,600
783,340
Arvinas Inc (f)
 
57,599
764,339
Atea Pharmaceuticals Inc (e)(f)
 
112,437
526,205
Axsome Therapeutics Inc (f)
 
25,014
4,099,544
Bristol-Myers Squibb Co
 
3,726,479
232,420,495
Collegium Pharmaceutical Inc (f)
 
22,692
945,576
Corcept Therapeutics Inc (f)
 
251,401
8,975,016
Crinetics Pharmaceuticals Inc (f)
 
329,562
13,544,998
Edgewise Therapeutics Inc (f)
 
7,082
215,576
Eli Lilly & Co
 
729,846
767,790,695
Evolus Inc (f)
 
11,400
49,020
Fulcrum Therapeutics Inc (f)
 
26,800
224,584
GSK PLC ADR
 
140,887
8,330,648
Haleon PLC ADR (e)
 
1,165,745
12,904,797
Harmony Biosciences Holdings Inc (f)
 
109,708
3,131,066
Indivior Pharmaceuticals Inc
 
4,109
134,446
Innoviva Inc (f)
 
2,290
52,578
Jazz Pharmaceuticals PLC (f)
 
160,759
30,547,425
Johnson & Johnson
 
2,129,893
529,129,319
Liquidia Corp (e)(f)
 
35,700
1,107,414
Merck & Co Inc
 
3,147,543
389,728,774
Nektar Therapeutics (f)
 
6,613
456,165
Novartis AG ADR
 
109,514
18,466,251
Nuvation Bio Inc Class A (f)
 
42,169
249,219
Ocular Therapeutix Inc (f)
 
62,449
558,294
Organon & Co
 
192,632
1,404,287
Pacira BioSciences Inc (f)
 
27,855
610,303
Paratek Pharmaceuticals Inc rights (e)(f)(g)
 
2,400
0
Pfizer Inc
 
3,060,288
84,616,963
Phathom Pharmaceuticals Inc (e)(f)
 
968,545
12,164,925
Phibro Animal Health Corp Class A
 
4,917
268,419
Prestige Consumer Healthcare Inc (e)(f)
 
105,876
7,337,207
Roche Holding AG ADR (e)
 
250,283
14,904,353
Roche Holding AG non-voting shares
 
8,000
3,807,211
Royalty Pharma PLC Class A
 
176,207
8,142,525
SIGA Technologies Inc
 
19,896
128,727
Structure Therapeutics Inc ADR (f)
 
54,660
3,442,487
Supernus Pharmaceuticals Inc (f)
 
14,007
766,603
Supernus Pharmaceuticals Inc rights (f)(g)
 
66,500
0
Tarsus Pharmaceuticals Inc (f)
 
37,772
2,852,541
Theravance Biopharma Inc (f)
 
8,124
148,263
Third Harmonic Bio Inc (e)(f)(g)
 
7,000
0
Trevi Therapeutics Inc (f)
 
117,442
1,399,909
VeraDermics Inc (e)
 
81,600
3,741,360
Viatris Inc
 
3,281,121
48,987,137
WaVe Life Sciences Ltd (f)
 
80,598
1,122,730
Xeris Biopharma Holdings Inc (e)(f)
 
54,600
334,152
Zevra Therapeutics Inc (f)
 
54,662
488,132
Zoetis Inc Class A
 
154,084
20,200,412
 
 
 
2,245,039,580
TOTAL HEALTH CARE
 
 
7,814,341,296
Industrials - 8.7%
 
 
 
Aerospace & Defense - 2.0%
 
 
 
AeroVironment Inc (e)(f)
 
82,688
20,858,048
AerSale Corp (f)
 
100
780
Archer Aviation Inc Class A (e)(f)
 
112,967
804,325
ATI Inc (f)
 
121,007
19,795,535
Axon Enterprise Inc (f)
 
33,006
17,902,454
Boeing Co (f)
 
988,174
224,839,231
BWX Technologies Inc
 
66,005
13,595,710
Carpenter Technology Corp
 
37,473
14,916,877
Curtiss-Wright Corp
 
68,865
48,228,225
Ducommun Inc (f)
 
29,756
3,677,544
GE Aerospace
 
848,521
290,414,798
General Dynamics Corp
 
213,351
76,176,975
HEICO Corp
 
6,114
1,953,178
HEICO Corp Class A
 
55,458
13,316,021
Hexcel Corp (e)
 
153,690
14,245,526
Howmet Aerospace Inc
 
656,174
172,265,360
Huntington Ingalls Industries Inc
 
92,472
41,105,653
Intuitive Machines Inc Class A (e)(f)
 
14,749
243,064
Kratos Defense & Security Solutions Inc (f)
 
115,683
9,969,561
L3Harris Technologies Inc
 
95,062
34,653,901
Leonardo DRS Inc
 
30,759
1,334,633
Loar Holdings Inc (e)(f)
 
114,715
8,120,675
Lockheed Martin Corp
 
172,380
113,439,830
Mercury Systems Inc (f)
 
64,056
5,702,906
Moog Inc Class A
 
96,831
32,673,684
Northrop Grumman Corp
 
206,416
149,523,622
Park Aerospace Corp
 
265,303
7,009,305
Rocket Lab Corp
 
79,605
5,500,706
RTX Corp
 
1,395,301
282,715,890
StandardAero Inc (f)
 
200,166
6,165,113
Textron Inc
 
365,759
36,082,125
TransDigm Group Inc
 
125,673
163,725,528
V2X Inc (f)
 
29,044
2,025,819
Woodward Inc
 
144,850
56,022,186
York Space Systems Inc (e)
 
186,664
4,778,598
 
 
 
1,893,783,386
Air Freight & Logistics - 0.3%
 
 
 
CH Robinson Worldwide Inc
 
128,945
23,887,061
Expeditors International of Washington Inc
 
121,715
17,652,326
FedEx Corp
 
222,221
85,999,527
Forward Air Corp Class A (f)
 
14,641
370,271
GXO Logistics Inc (f)
 
488,299
30,679,826
Hub Group Inc Class A
 
231,652
9,977,252
United Parcel Service Inc Class B
 
662,898
76,869,652
 
 
 
245,435,915
Building Products - 0.7%
 
 
 
A O Smith Corp
 
309,520
24,142,560
AAON Inc (e)
 
213,185
21,574,322
Advanced Drainage Systems Inc
 
12,050
2,064,647
Allegion plc
 
323,298
52,099,473
Armstrong World Industries Inc
 
141,739
24,591,717
Builders FirstSource Inc (f)
 
28,717
2,994,896
Carlisle Cos Inc (e)
 
17,165
6,776,227
Carrier Global Corp
 
686,426
44,205,834
CSW Industrials Inc (e)
 
35,970
10,587,050
Fortune Brands Innovations Inc
 
14,972
813,578
Gibraltar Industries Inc (f)
 
213,301
9,700,929
Griffon Corp
 
18,300
1,559,892
Hayward Holdings Inc (f)
 
5,859
93,744
Janus International Group Inc (e)(f)
 
532,253
3,704,481
JELD-WEN Holding Inc (f)
 
77,300
151,508
Johnson Controls International plc
 
523,359
75,520,704
Masco Corp
 
91,600
6,560,392
Modine Manufacturing Co (f)
 
228,941
52,026,842
Owens Corning
 
272,360
33,246,985
Resideo Technologies Inc (f)
 
40,102
1,551,947
Tecnoglass Inc
 
109,776
5,001,395
Tecogen Inc (e)(f)
 
317,943
1,103,262
Trane Technologies PLC
 
601,555
278,110,909
Trex Co Inc (f)
 
210,393
8,714,478
UFP Industries Inc
 
105,029
10,808,534
Zurn Elkay Water Solutions Corp
 
43,939
2,240,010
 
 
 
679,946,316
Commercial Services & Supplies - 0.4%
 
 
 
ACCO Brands Corp
 
3,200
13,023
ACV Auctions Inc Class A (e)(f)
 
46,236
224,707
Brady Corp Class A (e)
 
5,593
516,458
Brink's Co/The
 
79,515
9,284,967
Casella Waste Systems Inc Class A (e)(f)
 
44,161
4,114,039
Cintas Corp
 
197,283
39,679,530
Clean Harbors Inc (f)
 
82,470
24,180,204
Copart Inc (f)
 
36,839
1,403,198
CoreCivic Inc (e)(f)
 
1,169,225
20,671,898
Deluxe Corp (e)
 
238,700
6,623,925
Ennis Inc (e)
 
55,505
1,171,711
Enviri Corp (e)(f)
 
14,233
269,431
GEO Group Inc/The (f)
 
39,098
588,034
Healthcare Services Group Inc (f)
 
28,912
629,414
Interface Inc (e)
 
327,091
10,300,096
MillerKnoll Inc
 
7,496
150,969
Montrose Environmental Group Inc (f)
 
3,792
110,801
OPENLANE Inc (f)
 
9,283
264,658
Pitney Bowes Inc (e)
 
124,500
1,335,885
Republic Services Inc
 
78,652
18,011,308
Rollins Inc
 
604,705
36,820,487
Tetra Tech Inc
 
106,928
3,832,300
UniFirst Corp/MA
 
89,741
21,072,982
Veralto Corp
 
104,025
10,135,156
Virco Mfg. Corp
 
1,279
8,121
Waste Connections Inc (United States)
 
538,322
92,661,366
Waste Management Inc
 
114,233
27,511,876
 
 
 
331,586,544
Construction & Engineering - 0.5%
 
 
 
AECOM (e)
 
101,228
9,918,319
Ameresco Inc Class A (f)
 
4,498
137,009
API Group Corp (f)
 
1,190,768
52,941,545
Argan Inc
 
30,610
13,812,763
Bowman Consulting Group Ltd (f)
 
411
13,784
Centuri Holdings Inc (e)(f)
 
47,057
1,458,767
Comfort Systems USA Inc
 
115,734
165,426,708
Construction Partners Inc Class A (f)
 
9,545
1,282,562
Dycom Industries Inc (f)
 
33,482
14,063,110
EMCOR Group Inc
 
114,763
83,159,565
Everus Construction Group Inc (f)
 
136,820
16,537,433
Fluor Corp (f)
 
179,229
9,375,469
Granite Construction Inc
 
12,000
1,613,520
Great Lakes Dredge & Dock Corp (f)
 
369
6,254
IES Holdings Inc (f)
 
34,099
16,890,940
MasTec Inc (f)
 
37,830
11,274,097
NWPX Infrastructure Inc (f)
 
200
15,520
Primoris Services Corp
 
77,779
11,722,851
Quanta Services Inc
 
13,100
7,376,348
Sterling Infrastructure Inc (f)
 
46,828
20,048,472
Tutor Perini Corp
 
46,522
3,506,363
WillScot Holdings Corp (e)
 
876,292
18,936,670
 
 
 
459,518,069
Electrical Equipment - 0.9%
 
 
 
Acuity Inc
 
35,541
10,718,810
Allient Inc
 
200,734
13,216,327
American Superconductor Corp (f)
 
38,200
1,244,556
AMETEK Inc
 
155,518
37,203,016
Atkore Inc
 
21,721
1,405,566
Bloom Energy Corp Class A (f)
 
132,392
20,609,463
Eaton Corp PLC
 
620,536
233,271,893
Emerson Electric Co
 
888,140
133,887,105
EnerSys
 
48,150
8,000,123
Eos Energy Enterprises Inc (e)(f)
 
44,707
254,606
Fluence Energy Inc Class A (e)(f)
 
94,598
1,470,053
Forgent Power Solutions Inc Class A
 
152,895
5,258,059
GE Vernova Inc
 
146,636
128,101,210
Generac Holdings Inc (f)
 
26,898
6,062,002
Hubbell Inc
 
19,585
10,020,274
Net Power Inc Class A (f)
 
9,735
18,788
Nextpower Inc Class A (f)
 
83,440
8,769,544
NuScale Power Corp Class A (e)(f)
 
48,271
620,282
nVent Electric PLC
 
65,819
7,790,337
Plug Power Inc (e)(f)
 
87,091
155,892
Powell Industries Inc
 
51,816
27,130,858
Power Solutions International Inc (f)
 
14,520
1,212,420
Regal Rexnord Corp
 
227,304
50,229,638
Rockwell Automation Inc
 
73,019
29,751,592
Shoals Technologies Group Inc (f)
 
3,237
19,194
Sunrun Inc (f)
 
56,147
743,948
Thermon Group Holdings Inc (f)
 
6,352
322,555
Vertiv Holdings Co Class A
 
268,790
68,511,883
Vicor Corp (f)
 
11,433
2,302,606
 
 
 
808,302,600
Ground Transportation - 0.5%
 
 
 
ArcBest Corp
 
116,291
11,938,434
Covenant Logistics Group Inc Class A
 
7,308
215,148
CSX Corp
 
2,379,767
101,592,254
JB Hunt Transport Services Inc
 
55,601
12,977,829
Knight-Swift Transportation Holdings Inc
 
574,311
36,135,648
Landstar System Inc
 
76,651
12,490,280
Lyft Inc Class A (f)
 
148,862
2,060,250
Marten Transport Ltd
 
1,500
20,385
Norfolk Southern Corp
 
11,103
3,494,558
Old Dominion Freight Line Inc
 
323,417
65,669,822
RXO Inc (f)
 
32,641
520,950
Ryder System Inc
 
10,274
2,276,307
Saia Inc (f)
 
101,607
41,190,462
U-Haul Holding Co Class N
 
16,627
784,129
Uber Technologies Inc (f)
 
636,636
48,015,087
Union Pacific Corp (e)
 
480,277
127,263,800
Werner Enterprises Inc
 
10,865
381,253
XPO Inc (f)
 
18,070
3,803,193
 
 
 
470,829,789
Industrial Conglomerates - 0.5%
 
 
 
3M Co
 
1,907,143
315,288,881
Honeywell International Inc
 
605,685
147,538,809
 
 
 
462,827,690
Machinery - 1.9%
 
 
 
3D Systems Corp (f)
 
52,100
100,553
AGCO Corp
 
258,484
35,283,066
Albany International Corp Class A
 
14,100
812,865
Allison Transmission Holdings Inc
 
365,095
45,746,404
Atmus Filtration Technologies Inc
 
273,215
17,630,564
Blue Bird Corp (e)(f)
 
33,388
1,945,519
Caterpillar Inc
 
360,691
267,932,096
Chart Industries Inc (f)
 
20,588
4,267,892
CNH Industrial NV Class A
 
2,124,101
26,126,442
Crane Co
 
4,954
993,426
Cummins Inc
 
81,116
47,361,199
Deere & Co
 
166,369
104,764,223
Donaldson Co Inc
 
368,240
34,157,942
Dover Corp
 
195,654
44,119,977
Energy Recovery Inc (f)
 
19,223
200,496
Enerpac Tool Group Corp Class A
 
10,500
428,400
Esab Corp (e)
 
307,498
38,797,023
ESCO Technologies Inc
 
5,271
1,461,596
Federal Signal Corp
 
136,258
15,864,519
Flowserve Corp
 
144,060
12,752,191
Fortive Corp (e)
 
779,347
46,137,342
Franklin Electric Co Inc
 
9,971
993,311
FreightCar America Inc (f)
 
5,524
76,397
Gates Industrial Corp PLC (f)
 
135,424
3,733,640
Graco Inc
 
362,935
34,086,855
Graham Corp (f)
 
36,572
2,970,378
Greenbrier Cos Inc/The (e)
 
75,527
4,261,233
Helios Technologies Inc
 
962
68,609
Hillman Solutions Corp (f)
 
13,300
109,060
Hyster-Yale Inc Class A
 
7,200
265,176
IDEX Corp
 
78,670
16,479,005
Illinois Tool Works Inc
 
214,704
62,399,424
Ingersoll Rand Inc
 
1,346,859
126,793,306
ITT Inc
 
154,949
31,363,227
JBT Marel Corp (e)
 
108,814
16,757,356
Kadant Inc
 
14,900
5,053,633
Kennametal Inc
 
144,003
5,800,441
Lincoln Electric Holdings Inc
 
195,315
56,065,171
Manitowoc Co Inc/The (e)(f)
 
40,412
596,077
Mayville Engineering Co Inc (e)(f)
 
539,806
11,335,926
Middleby Corp/The (f)
 
196,518
33,184,029
Miller Industries Inc/TN
 
200
8,405
Mueller Industries Inc
 
461,732
54,465,907
Mueller Water Products Inc Class A1
 
336,233
10,063,454
Nordson Corp
 
48,529
14,240,350
Omega Flex Inc
 
3,312
119,000
Oshkosh Corp
 
307,380
52,260,748
Otis Worldwide Corp
 
369,672
34,216,840
PACCAR Inc
 
844,459
106,477,835
Parker-Hannifin Corp
 
146,007
147,347,344
Pentair PLC
 
280,866
27,859,099
Proto Labs Inc (f)
 
708
43,952
RBC Bearings Inc (f)
 
42,208
24,308,431
Snap-on Inc
 
48,289
18,601,889
SPX Technologies Inc (f)
 
56,957
12,925,822
Stanley Black & Decker Inc
 
181,814
15,725,093
Symbotic Inc Class A (f)
 
5,200
284,856
Taylor Devices Inc (f)
 
13,165
1,155,097
Tennant CO
 
4,180
255,105
Terex Corp
 
281,671
19,376,148
Toro Co/The
 
54,581
5,395,878
Trinity Industries Inc (e)
 
96,315
3,292,047
Wabash National Corp
 
141,296
1,434,154
Watts Water Technologies Inc Class A (e)
 
58,977
19,388,099
Westinghouse Air Brake Technologies Corp
 
74,662
19,707,035
Worthington Enterprises Inc
 
71,234
3,989,816
Xylem Inc/NY
 
90,762
11,759,125
 
 
 
1,763,977,518
Marine Transportation - 0.0%
 
 
 
Genco Shipping & Trading Ltd
 
45,447
1,093,000
Kirby Corp (f)
 
169,849
22,046,400
Matson Inc
 
21,436
3,561,163
 
 
 
26,700,563
Passenger Airlines - 0.2%
 
 
 
Alaska Air Group Inc (f)
 
56,606
2,920,870
American Airlines Group Inc (f)
 
426,300
5,571,741
Delta Air Lines Inc
 
550,597
36,174,223
Joby Aviation Inc Class A (e)(f)
 
175,057
1,761,073
SkyWest Inc (f)
 
43,295
4,506,144
Southwest Airlines Co
 
437,936
21,572,727
United Airlines Holdings Inc (f)
 
797,954
84,822,510
 
 
 
157,329,288
Professional Services - 0.4%
 
 
 
Alight Inc Class A
 
576,000
506,707
Automatic Data Processing Inc
 
84,577
18,129,926
Booz Allen Hamilton Holding Corp Class A
 
73,392
5,785,491
Broadridge Financial Solutions Inc
 
47,378
8,806,149
CACI International Inc (f)
 
42,781
26,103,683
Cbiz Inc (e)(f)
 
96,031
2,750,328
Concentrix Corp
 
3,400
111,520
CSG Systems International Inc (e)
 
202,963
16,216,744
Equifax Inc
 
105,154
21,972,980
ExlService Holdings Inc (f)
 
611,014
19,094,188
Exponent Inc
 
108,646
7,907,256
First Advantage Corp (e)(f)
 
676,869
7,790,762
Forrester Research Inc (e)(f)
 
708,145
4,234,707
Franklin Covey Co (e)(f)
 
22,390
291,518
Genpact Ltd
 
597,730
23,741,836
IBEX Holdings Ltd (f)
 
11,697
338,043
ICF International Inc
 
22,159
1,842,078
Insperity Inc
 
11,000
244,310
Jacobs Solutions Inc
 
36,453
5,025,411
KBR Inc
 
410,048
17,316,327
Kelly Services Inc Class A
 
50
485
Kforce Inc (e)
 
35,747
965,884
Leidos Holdings Inc
 
144,852
25,363,585
ManpowerGroup Inc
 
123,290
3,448,421
Maximus Inc
 
93,461
7,066,586
Paychex Inc
 
9,788
916,646
Paycom Software Inc (e)
 
174,975
22,017,104
Paylocity Holding Corp (f)
 
172,331
18,351,528
Planet Labs PBC Class A (e)(f)
 
74,400
1,796,016
Robert Half Inc (e)
 
595,526
14,542,745
Science Applications International Corp
 
161,533
14,903,035
TransUnion
 
123,426
9,695,112
TriNet Group Inc
 
17,100
651,168
TTEC Holdings Inc (e)(f)
 
1,000
2,500
UL Solutions Inc Class A
 
193,577
16,254,661
Upwork Inc (e)(f)
 
1,588,087
21,312,128
Verisk Analytics Inc
 
103,141
21,408,977
Verra Mobility Corp Class A (f)
 
647,817
10,825,022
Willdan Group Inc (f)
 
64,589
5,757,463
 
 
 
383,489,030
Trading Companies & Distributors - 0.4%
 
 
 
Air Lease Corp Class A
 
38,872
2,520,460
Applied Industrial Technologies Inc
 
81,739
23,097,807
BlueLinx Holdings Inc (e)(f)
 
63,702
4,199,236
Boise Cascade Co
 
164,582
13,617,515
Core & Main Inc Class A (f)
 
258,884
14,021,157
DNOW Inc (f)
 
238,410
2,808,470
EquipmentShare.com Inc Class A (e)(f)
 
93,100
2,701,762
Fastenal Co
 
107,283
4,939,309
Ferguson Enterprises Inc
 
44,105
11,500,820
FTAI Aviation Ltd
 
76,501
23,394,006
GATX Corp (e)
 
68,116
12,544,924
Herc Holdings Inc
 
5,667
792,190
Hudson Technologies Inc (f)
 
17,978
127,824
Karat Packaging Inc
 
1,400
34,510
McGrath RentCorp
 
218,893
24,286,178
MSC Industrial Direct Co Inc Class A
 
98,214
9,216,402
QXO Inc (e)(f)
 
72,925
1,746,554
Rush Enterprises Inc Class A
 
43,892
3,115,015
SiteOne Landscape Supply Inc (f)
 
172,114
24,593,369
United Rentals Inc
 
129,590
108,855,600
Watsco Inc
 
5,020
2,094,997
Wesco International Inc
 
88,494
25,619,013
WW Grainger Inc
 
35,199
40,293,351
Xometry Inc Class A (e)(f)
 
9,358
383,818
 
 
 
356,504,287
TOTAL INDUSTRIALS
 
 
8,040,230,995
Information Technology - 21.7%
 
 
 
Communications Equipment - 0.9%
 
 
 
ADTRAN Holdings Inc (f)
 
66,397
677,249
Applied Optoelectronics Inc (e)(f)
 
34,335
2,892,037
Arista Networks Inc (f)
 
998,868
133,348,878
Calix Inc (f)
 
241,127
12,483,145
Ciena Corp (f)
 
280,300
97,740,610
Cisco Systems Inc
 
4,271,343
339,400,916
Extreme Networks Inc (f)
 
199,569
2,789,975
F5 Inc (f)
 
113,553
30,813,742
Harmonic Inc (f)
 
271,202
2,882,877
Lumentum Holdings Inc (f)
 
136,587
95,735,194
Motorola Solutions Inc
 
146,301
70,555,120
Netgear Inc (f)
 
19,662
405,430
NetScout Systems Inc (f)
 
14,203
414,870
Ubiquiti Inc
 
166
127,320
Viasat Inc (f)
 
26,837
1,228,598
Viavi Solutions Inc (f)
 
239,557
7,117,238
Vistance Networks Inc (f)
 
185,422
3,257,865
 
 
 
801,871,064
Electronic Equipment, Instruments & Components - 1.2%
 
 
 
Advanced Energy Industries Inc
 
105,203
35,302,971
Amphenol Corp Class A
 
2,078,549
303,592,868
Arlo Technologies Inc (f)
 
60,990
956,933
Arrow Electronics Inc (f)
 
99,200
15,094,272
Avnet Inc
 
371,122
24,434,672
Badger Meter Inc (e)
 
68,598
10,456,393
Bel Fuse Inc Class B
 
34,417
7,905,929
Belden Inc
 
1,456
208,645
CDW Corp/DE
 
8,400
1,030,176
Climb Global Solutions Inc (e)
 
8,781
831,385
Cognex Corp
 
737,374
40,113,146
Coherent Corp (f)
 
166,834
43,198,328
Corning Inc
 
831,195
124,995,104
Crane NXT Co
 
207,136
10,002,597
CTS Corp
 
1,000
52,660
Daktronics Inc (f)
 
1,080
27,842
ePlus Inc (e)
 
176,761
14,257,542
Flex Ltd (f)
 
562,660
35,458,833
Frequency Electronics Inc (e)(f)
 
75,095
3,770,520
Insight Enterprises Inc (f)
 
13,399
1,119,620
IPG Photonics Corp (e)(f)
 
82,291
10,827,027
Itron Inc (f)
 
1,788
167,983
Jabil Inc
 
335,395
88,876,321
Keysight Technologies Inc (f)
 
247,190
75,968,903
Knowles Corp (f)
 
2,535
68,876
LightPath Technologies Inc Class A (f)
 
923,711
9,634,306
Littelfuse Inc
 
883
311,222
M-Tron Industries Inc (f)
 
600
37,974
Methode Electronics Inc
 
53,260
450,580
Mirion Technologies Inc Class A (f)
 
10,970
237,062
Napco Security Technologies Inc
 
77,608
3,617,309
nLight Inc (f)
 
131,581
7,393,536
Novanta Inc (e)(f)
 
154,580
20,780,189
OSI Systems Inc (e)(f)
 
15,250
4,349,300
Ouster Inc Class A (f)
 
33,296
630,959
PC Connection Inc
 
30,734
1,873,237
Plexus Corp (f)
 
23,886
4,636,989
Ralliant Corp
 
4,221
193,702
Sanmina Corp (f)
 
219,753
34,118,851
TD SYNNEX Corp
 
280,092
43,921,227
Teledyne Technologies Inc (f)
 
79,110
53,881,821
TTM Technologies Inc (f)
 
332,533
34,663,240
Vishay Intertechnology Inc
 
23,600
441,792
Vishay Precision Group Inc (e)(f)
 
411,961
18,979,043
Vontier Corp
 
409,784
16,768,361
Zebra Technologies Corp Class A (f)
 
11,391
2,551,128
 
 
 
1,108,191,374
IT Services - 0.3%
 
 
 
Accenture PLC Class A
 
25,469
5,315,890
Akamai Technologies Inc (f)
 
286,787
28,216,973
Amdocs Ltd
 
464,266
32,405,767
Applied Digital Corp (e)(f)
 
43,253
1,179,509
ASGN Inc (f)
 
99,187
4,255,122
Backblaze Inc Class A (f)
 
1,700
6,392
Cognizant Technology Solutions Corp Class A
 
1,252,782
80,716,745
Commerce.com Inc (f)
 
8,400
23,352
DigitalOcean Holdings Inc (f)
 
27,669
1,551,124
DXC Technology Co (f)
 
401,994
5,061,104
EPAM Systems Inc (f)
 
13,244
1,867,404
Gartner Inc (f)
 
385
60,522
Globant SA (e)(f)
 
169,935
8,455,966
GoDaddy Inc Class A (f)
 
118,106
10,294,119
Grid Dynamics Holdings Inc (f)
 
26,794
180,860
IBM Corporation
 
182,699
43,886,127
Kyndryl Holdings Inc (f)
 
84,407
1,040,738
MongoDB Inc Class A (f)
 
19,432
6,382,829
Snowflake Inc (f)
 
65,627
11,052,243
Twilio Inc Class A (f)
 
37,945
4,589,827
Unisys Corp (e)(f)
 
104,600
254,178
VeriSign Inc
 
3,947
899,679
 
 
 
247,696,470
Semiconductors & Semiconductor Equipment - 9.3%
 
 
 
ACM Research Inc Class A (f)
 
341,183
18,997,069
Advanced Micro Devices Inc (f)
 
1,025,823
205,380,023
Ambarella Inc (f)
 
121,515
7,332,215
Amkor Technology Inc
 
51,001
2,438,868
Analog Devices Inc
 
747,915
266,100,678
Applied Materials Inc
 
478,745
178,236,764
Astera Labs Inc (f)
 
53,509
6,358,474
Axcelis Technologies Inc (f)
 
123,623
10,212,496
Broadcom Inc
 
4,732,613
1,512,306,484
CEVA Inc (e)(f)
 
6,900
143,934
Cirrus Logic Inc (f)
 
234,636
33,111,832
Credo Technology Group Holding Ltd (f)
 
161,700
18,154,059
Diodes Inc (f)
 
97,672
6,664,161
Enphase Energy Inc (f)
 
11,867
501,618
Entegris Inc
 
150,234
19,898,493
First Solar Inc (f)
 
56,300
11,102,360
FormFactor Inc (e)(f)
 
114,912
11,362,499
Impinj Inc (f)
 
9,010
1,105,167
Intel Corp (f)
 
2,457,395
112,081,786
KLA Corp
 
128,759
196,299,533
Lam Research Corp
 
1,044,589
244,318,921
Lattice Semiconductor Corp (f)
 
312,819
29,911,753
MACOM Technology Solutions Holdings Inc (f)
 
123,834
30,725,692
Marvell Technology Inc
 
256,132
20,923,423
MaxLinear Inc (f)
 
35,532
619,323
Micron Technology Inc
 
1,008,077
415,700,712
MKS Inc
 
20,834
5,093,080
Monolithic Power Systems Inc
 
70,642
80,725,439
Navitas Semiconductor Corp Class A (f)
 
20,732
186,588
NVE Corp
 
10,350
712,494
NVIDIA Corp
 
25,865,585
4,583,123,007
ON Semiconductor Corp (f)
 
390,903
25,987,231
Onto Innovation Inc (f)
 
200,963
43,385,902
Photronics Inc (f)
 
178,479
6,680,469
Power Integrations Inc (e)
 
135,491
6,492,729
Qnity Electronics Inc
 
80,701
10,229,659
Qorvo Inc (f)
 
26,379
2,186,819
QUALCOMM Inc
 
1,038,949
147,904,780
Rambus Inc (f)
 
32,857
3,274,529
Rigetti Computing Inc Class A (e)(f)
 
231,247
4,028,323
Semtech Corp (f)
 
145,711
13,146,046
Silicon Laboratories Inc (f)
 
13,608
2,783,244
SiTime Corp (f)
 
17,196
6,841,944
Skyworks Solutions Inc (e)
 
183,455
10,930,249
Synaptics Inc (e)(f)
 
58,468
4,762,803
Teradyne Inc
 
238,615
76,363,958
Texas Instruments Inc
 
857,433
181,870,114
Ultra Clean Holdings Inc (f)
 
3,200
194,176
Universal Display Corp (e)
 
195,918
20,902,491
Veeco Instruments Inc (f)
 
1,502
45,901
 
 
 
8,597,840,312
Software - 5.4%
 
 
 
8x8 Inc (f)
 
45,043
96,392
A10 Networks Inc
 
2,712
52,233
ACI Worldwide Inc (f)
 
464,733
18,440,605
Adeia Inc
 
371,770
7,691,921
Adobe Inc (f)
 
320,490
84,099,781
Agilysys Inc (e)(f)
 
37,834
2,730,480
Alarm.com Holdings Inc (f)
 
69,726
3,336,389
Amplitude Inc Class A (f)
 
376,886
2,751,268
Appfolio Inc Class A (f)
 
687
122,121
Appian Corp Class A (f)
 
5,193
138,497
AppLovin Corp Class A (f)
 
207,315
90,134,343
Asana Inc Class A (e)(f)
 
121,257
860,925
Aurora Innovation Inc Class A (e)(f)
 
650,460
3,044,153
Autodesk Inc (f)
 
290,983
71,543,990
AvePoint Inc Class A (f)
 
165,400
1,783,012
Bentley Systems Inc Class B (e)
 
81,611
2,982,882
Blackbaud Inc (f)
 
846
41,065
Box Inc Class A (e)(f)
 
58,397
1,375,249
Braze Inc Class A (f)
 
13,078
248,351
C3.ai Inc Class A (e)(f)
 
88,933
707,017
Cadence Design Systems Inc (f)
 
358,158
107,948,821
Ccc Intelligent Solutions Holdings Inc Class A (e)(f)
 
1,069,275
6,233,873
Cerence Inc (f)
 
1,100
8,701
Cipher Digital Inc (f)
 
33,406
521,134
Circle Internet Group Inc Class A
 
13,939
1,163,070
Cleanspark Inc (e)(f)
 
64,304
639,825
Clear Secure Inc Class A
 
194,782
9,474,196
Clearwater Analytics Holdings Inc Class A (f)
 
55,288
1,293,186
Commvault Systems Inc (f)
 
12,376
1,052,950
Confluent Inc Class A (f)
 
58,215
1,785,454
Consensus Cloud Solutions Inc (f)
 
470
14,138
Crowdstrike Holdings Inc Class A (f)
 
109,974
40,908,129
CS Disco Inc (f)
 
193
627
Datadog Inc Class A (f)
 
136,005
15,227,120
Docusign Inc (f)
 
24,448
1,101,871
Dolby Laboratories Inc Class A
 
138,219
9,201,239
Domo Inc Class B (f)
 
159,912
574,084
Dropbox Inc Class A (f)
 
505,384
12,629,546
Dynatrace Inc (f)
 
170,653
6,129,856
Elastic NV (f)
 
37,456
1,950,334
Fair Isaac Corp (f)
 
6,740
9,499,086
Figma Inc Class A (e)
 
351,213
10,322,150
Fortinet Inc (f)
 
581,890
45,986,767
Freshworks Inc Class A (f)
 
26,346
206,026
Gen Digital Inc
 
536,060
12,098,874
Guidewire Software Inc (f)
 
48,512
7,049,764
HubSpot Inc (f)
 
16,445
4,349,867
I3 Verticals Inc Class A (e)(f)
 
102,182
2,286,833
Intapp Inc (f)
 
24,100
540,563
InterDigital Inc (e)
 
57,534
21,087,937
Intuit Inc
 
426,586
174,486,472
JFrog Ltd (f)
 
59,093
2,372,584
Klaviyo Inc Class A (f)
 
15,500
269,855
LiveRamp Holdings Inc (f)
 
57,354
1,558,308
Manhattan Associates Inc (f)
 
230,288
31,187,904
MARA Holdings Inc (e)(f)
 
23,945
214,068
Microsoft Corp
 
8,113,900
3,186,653,087
N-able Inc/US (f)
 
11,500
50,600
NCR Voyix Corp (e)(f)
 
186,461
1,424,562
NextNav Inc Class A (f)
 
100
1,609
Nutanix Inc Class A (f)
 
30,943
1,184,498
Onestream Inc Class A (f)
 
427
10,073
Ooma Inc (f)
 
22,185
274,207
Oracle Corp
 
1,969,753
286,402,086
Pagaya Technologies Ltd Class A (e)(f)
 
29,207
326,826
PagerDuty Inc (f)
 
125,200
883,912
Palantir Technologies Inc Class A (f)
 
985,788
135,240,256
Palo Alto Networks Inc (f)
 
449,034
66,870,143
Pegasystems Inc
 
198,743
8,691,031
Pivotal Software Inc rights (f)(g)
 
182,200
2
Porch Group Inc (e)(f)
 
1,337,274
10,979,020
Procore Technologies Inc (f)
 
259,746
14,296,420
Progress Software Corp (f)
 
9,217
386,008
PTC Inc (f)
 
62,909
9,850,920
Q2 Holdings Inc (f)
 
40,942
1,970,129
Qualys Inc (f)
 
142,120
13,141,836
Rapid7 Inc (f)
 
15,300
95,166
RingCentral Inc Class A (f)
 
58,688
2,139,178
Riot Platforms Inc (f)
 
44,761
729,157
Roper Technologies Inc
 
263,614
92,193,724
Rubrik Inc Class A (f)
 
27,804
1,444,696
SailPoint Inc (e)(f)
 
522,686
7,369,873
Salesforce Inc
 
1,037,957
202,183,644
Samsara Inc Class A (f)
 
294,898
8,522,552
SentinelOne Inc Class A (f)
 
12,400
162,688
Servicenow Inc (f)
 
687,849
74,294,570
SoundHound AI Inc Class A (e)(f)
 
22,489
193,405
SoundThinking Inc (f)
 
2,706
19,754
Sprout Social Inc Class A (f)
 
484,555
3,125,380
SPS Commerce Inc (f)
 
1,397
78,944
Synopsys Inc (f)
 
45,050
18,650,700
Telos Corp (f)
 
28,156
113,187
Tenable Holdings Inc (f)
 
120,496
2,317,138
Teradata Corp (f)
 
335,357
10,560,392
Terawulf Inc (e)(f)
 
60,958
988,739
Trimble Inc (f)
 
40,973
2,739,865
Tyler Technologies Inc (f)
 
32,830
11,644,473
Unity Software Inc (f)
 
272,215
4,962,479
Vertex Inc Class A (f)
 
3,300
47,784
Viant Technology Inc Class A (f)
 
113
1,145
Workday Inc Class A (f)
 
64,090
8,572,678
Workiva Inc Class A (f)
 
1,489
91,693
Xperi Inc (e)(f)
 
58,674
359,672
Zeta Global Holdings Corp Class A (e)(f)
 
237,938
4,033,049
Zoom Communications Inc Class A (f)
 
15,184
1,122,705
Zscaler Inc (f)
 
20,970
3,082,380
 
 
 
5,034,033,921
Technology Hardware, Storage & Peripherals - 4.6%
 
 
 
Apple Inc
 
13,757,309
3,634,405,892
Corsair Gaming Inc (f)
 
25,600
140,544
Dell Technologies Inc Class C
 
350,959
51,970,009
Diebold Nixdorf Inc (e)(f)
 
144,995
11,599,600
Hewlett Packard Enterprise Co
 
989,577
21,246,218
HP Inc
 
630,373
11,970,783
Immersion Corp (e)
 
24,500
149,695
IonQ Inc (e)(f)
 
67,569
2,592,623
NetApp Inc
 
141,374
14,000,267
Pure Storage Inc Class A (f)
 
875,275
56,210,161
Quantum Computing Inc (e)(f)
 
13,210
111,096
Quantum Corp (e)(f)
 
304,288
1,667,498
Sandisk Corp/DE (f)
 
223,639
142,091,275
Seagate Technology Holdings PLC
 
288,065
117,484,430
Western Digital Corp
 
800,169
223,807,269
Xerox Holdings Corp
 
400
720
Xerox Holdings Corp warrants 2/14/2028 (f)
 
500
59
 
 
 
4,289,448,139
TOTAL INFORMATION TECHNOLOGY
 
 
20,079,081,280
Materials - 1.9%
 
 
 
Chemicals - 1.0%
 
 
 
AdvanSix Inc
 
69,633
1,241,556
Air Products and Chemicals Inc
 
9,827
2,709,009
Albemarle Corp
 
87,946
15,713,312
American Vanguard Corp (e)(f)
 
6,544
30,168
Ashland Inc
 
4,000
249,440
Avient Corp
 
485,472
19,938,335
Balchem Corp
 
79,368
14,399,736
Celanese Corp
 
101,962
5,091,982
CF Industries Holdings Inc
 
422,253
42,031,064
Chemours Co/The
 
20,510
374,102
Corteva Inc
 
781,705
62,630,205
Dow Inc
 
188,526
5,793,404
DuPont de Nemours Inc
 
63,249
3,164,980
Eastman Chemical Co (e)
 
176,939
13,360,664
Ecolab Inc
 
570,830
176,015,431
Ecovyst Inc (f)
 
4,201
47,345
Element Solutions Inc
 
662,796
23,257,512
FMC Corp (e)
 
325,210
4,793,595
Huntsman Corp
 
381,126
4,821,244
Ingevity Corp (f)
 
23,015
1,657,770
Innospec Inc
 
5,900
451,822
International Flavors & Fragrances Inc
 
176,774
14,536,126
Intrepid Potash Inc (f)
 
1,200
44,364
Linde PLC
 
590,548
300,045,629
LyondellBasell Industries NV Class A1
 
32,856
1,889,877
Mativ Holdings Inc
 
154,014
1,669,512
Minerals Technologies Inc
 
121,268
8,563,946
Mosaic Co/The
 
500,920
13,945,613
NewMarket Corp
 
33,165
20,761,622
Olin Corp
 
63,441
1,609,498
Perimeter Solutions Inc (f)
 
4,048
95,047
PPG Industries Inc
 
196,396
24,209,735
Quaker Chemical Corp (e)
 
80,701
11,865,468
Rayonier Advanced Materials Inc (f)
 
75,300
713,091
RPM International Inc
 
352,700
40,250,124
Scotts Miracle-Gro Co/The
 
21,404
1,500,848
Sherwin-Williams Co/The
 
205,443
74,491,577
Solstice Advanced Materials Inc
 
27,159
2,132,253
Tronox Holdings PLC
 
76,508
572,280
Westlake Corp
 
2,200
231,836
 
 
 
916,901,122
Construction Materials - 0.2%
 
 
 
CRH PLC
 
293,277
35,187,374
Eagle Materials Inc
 
126,214
28,246,693
James Hardie Industries PLC (f)
 
880,195
21,432,748
Knife River Corp (e)(f)
 
4,299
382,525
Martin Marietta Materials Inc (e)
 
188,787
127,727,621
United States Lime & Minerals Inc
 
26,310
3,003,550
Vulcan Materials Co
 
29,458
9,131,980
 
 
 
225,112,491
Containers & Packaging - 0.2%
 
 
 
Amcor PLC (e)
 
13,384
648,187
AptarGroup Inc
 
279,478
40,163,784
Avery Dennison Corp
 
54,710
10,742,309
Ball Corp
 
464,730
31,197,325
Crown Holdings Inc
 
210,167
24,085,138
Graphic Packaging Holding CO (e)
 
850,428
10,400,734
Greif Inc Class A
 
4,824
350,560
International Paper Co
 
532,126
23,174,087
Myers Industries Inc
 
24,175
540,795
O-I Glass Inc (f)
 
1,194,468
16,005,871
Packaging Corp of America (e)
 
134,071
31,123,242
Ranpak Holdings Corp Class A (e)(f)
 
1,484,975
7,603,072
Sealed Air Corp
 
2,500
104,700
Smurfit Westrock PLC
 
46,000
2,162,460
Sonoco Products Co
 
4,220
238,303
 
 
 
198,540,567
Metals & Mining - 0.5%
 
 
 
Alcoa Corp
 
166,664
10,346,501
Alpha Metallurgical Resources Inc (e)(f)
 
13,863
2,254,817
Century Aluminum Co (f)
 
35,117
1,810,633
Cleveland-Cliffs Inc (f)
 
260,392
2,775,779
Coeur Mining Inc (f)
 
273,535
7,426,475
Commercial Metals Co
 
11,261
825,431
Compass Minerals International Inc (e)(f)
 
26,391
665,053
Constellium SE (f)
 
235,837
5,869,983
Freeport-McMoRan Inc
 
1,252,757
85,287,697
Hecla Mining Co (e)
 
648,990
16,166,341
Ivanhoe Electric Inc / US (e)(f)
 
9,300
159,866
Kaiser Aluminum Corp
 
32,227
4,194,022
Materion Corp
 
8,561
1,395,957
MP Materials Corp (e)(f)
 
32,373
1,905,799
Newmont Corp
 
1,094,939
142,342,070
Nucor Corp
 
166,967
29,533,123
Ramaco Resources Inc Class A (e)(f)
 
128,938
1,952,121
Ramaco Resources Inc Class B
 
288
3,393
Reliance Inc
 
112,320
35,452,685
Royal Gold Inc
 
165,975
49,757,645
Ryerson Holding Corp
 
74,651
1,952,870
Steel Dynamics Inc
 
240,952
46,535,060
SunCoke Energy Inc
 
75,491
430,299
Tredegar Corp (f)
 
16,035
147,200
Warrior Met Coal Inc
 
10,865
904,403
 
 
 
450,095,223
Paper & Forest Products - 0.0%
 
 
 
Clearwater Paper Corp (f)
 
3,600
53,964
Louisiana-Pacific Corp
 
32,039
2,714,985
Sylvamo Corp
 
109,894
5,088,092
 
 
 
7,857,041
TOTAL MATERIALS
 
 
1,798,506,444
Real Estate - 1.4%
 
 
 
Diversified REITs - 0.0%
 
 
 
Alexander & Baldwin Inc
 
16,641
345,966
American Assets Trust Inc
 
2,000
39,040
Broadstone Net Lease Inc Class A
 
295,003
5,720,109
Essential Properties Realty Trust Inc
 
31,192
1,058,656
WP Carey Inc
 
100
7,465
 
 
 
7,171,236
Health Care REITs - 0.3%
 
 
 
American Healthcare REIT Inc
 
99,560
5,201,014
Healthcare Realty Trust Inc
 
340,365
6,279,734
Healthpeak Properties Inc
 
100
1,768
LTC Properties Inc
 
1,000
39,680
Omega Healthcare Investors Inc
 
414,039
19,985,663
Sabra Health Care REIT Inc
 
56,100
1,152,855
Ventas Inc
 
1,234,731
106,384,423
Welltower Inc
 
551,188
114,162,059
 
 
 
253,207,196
Hotel & Resort REITs - 0.0%
 
 
 
Apple Hospitality REIT Inc
 
20,200
247,652
Chatham Lodging Trust
 
22,784
175,665
DiamondRock Hospitality Co
 
63,705
639,598
Host Hotels & Resorts Inc
 
1,268,176
24,843,568
Park Hotels & Resorts Inc
 
7,125
80,584
RLJ Lodging Trust
 
146,703
1,176,558
Ryman Hospitality Properties Inc
 
54,169
5,349,189
Xenia Hotels & Resorts Inc
 
3,383
51,691
 
 
 
32,564,505
Industrial REITs - 0.2%
 
 
 
Americold Realty Trust Inc (e)
 
340,763
4,562,817
EastGroup Properties Inc
 
56,981
11,185,940
First Industrial Realty Trust Inc
 
150,075
9,475,736
Industrial Logistics Properties Trust
 
2,200
12,892
Prologis Inc
 
602,984
85,967,429
Rexford Industrial Realty Inc
 
863,096
32,340,207
STAG Industrial Inc Class A
 
230,038
9,022,090
Terreno Realty Corp
 
16,641
1,099,304
 
 
 
153,666,415
Office REITs - 0.0%
 
 
 
BXP Inc
 
115,998
6,679,165
COPT Defense Properties
 
393,037
12,490,716
Douglas Emmett Inc
 
5,957
58,915
Franklin Street Properties Corp
 
11,488
9,451
Hudson Pacific Properties Inc (f)
 
794
5,749
Office Properties Income Trust
 
73,806
885
Orion Properties Inc
 
13,200
32,868
Piedmont Realty Trust Inc Class A1 (f)
 
784,400
5,953,596
 
 
 
25,231,345
Real Estate Management & Development - 0.1%
 
 
 
CBRE Group Inc Class A (f)
 
198,221
29,269,313
Compass Inc Class A (f)
 
201,346
1,963,124
CoStar Group Inc (f)
 
445,113
19,865,393
Douglas Elliman Inc (e)(f)
 
1,758,547
4,009,487
Forestar Group Inc (f)
 
2,400
68,928
Howard Hughes Holdings Inc (f)
 
63,221
4,575,304
Jones Lang LaSalle Inc (f)
 
94,343
29,769,934
Kennedy-Wilson Holdings Inc
 
62,985
685,277
Marcus & Millichap Inc
 
6,906
182,387
Newmark Group Inc Class A
 
20,188
293,130
Opendoor Technologies Inc Class A (f)
 
118,020
639,668
RE/MAX Holdings Inc Class A (f)
 
11,600
72,964
Seritage Growth Properties Class A (f)
 
17,800
52,687
Zillow Group Inc Class A (f)
 
23,427
1,049,530
Zillow Group Inc Class C (f)
 
27,634
1,233,029
 
 
 
93,730,155
Residential REITs - 0.1%
 
 
 
American Homes 4 Rent Class A
 
85,649
2,569,470
AvalonBay Communities Inc
 
73,259
12,983,693
Camden Property Trust
 
53,013
5,743,428
Equity LifeStyle Properties Inc
 
345,805
23,224,264
Equity Residential
 
36,083
2,280,806
Essex Property Trust Inc
 
52,242
13,327,457
Independence Realty Trust Inc
 
541,215
8,967,933
Invitation Homes Inc
 
94,555
2,490,579
Mid-America Apartment Communities Inc
 
107,559
14,397,848
NexPoint Residential Trust Inc
 
35,360
996,798
Sun Communities Inc
 
115,739
15,793,744
Veris Residential Inc
 
8,402
158,377
 
 
 
102,934,397
Retail REITs - 0.1%
 
 
 
Agree Realty Corp
 
180,951
14,562,936
Brixmor Property Group Inc
 
4,000
121,080
CBL & Associates Properties Inc
 
6,935
262,004
Federal Realty Investment Trust
 
21,700
2,360,309
FrontView REIT Inc (e)
 
14,395
238,525
InvenTrust Properties Corp
 
5,884
183,581
Kimco Realty Corp
 
1,720,649
40,521,284
Macerich Co/The
 
83,316
1,705,479
NETSTREIT Corp (e)
 
4,300
89,311
NNN REIT Inc
 
256,734
11,635,185
Realty Income Corp
 
91,700
6,143,900
Regency Centers Corp
 
176,132
13,914,428
Simon Property Group Inc
 
164,656
33,565,126
Tanger Inc
 
54,158
2,007,095
Urban Edge Properties
 
49,395
1,049,644
 
 
 
128,359,887
Specialized REITs - 0.6%
 
 
 
American Tower Corp
 
896,957
172,090,170
CubeSmart
 
566,593
23,309,636
Digital Realty Trust Inc
 
43,300
7,672,760
EPR Properties
 
39,005
2,317,287
Equinix Inc
 
147,635
143,834,875
Extra Space Storage Inc
 
26,384
3,984,776
Four Corners Property Trust Inc
 
77,446
1,976,422
Iron Mountain Inc
 
25,414
2,753,099
Lamar Advertising Co Class A
 
186,729
25,720,052
Public Storage
 
81,917
25,153,434
Rayonier Inc
 
19,700
423,353
SBA Communications Corp Class A
 
4,546
914,473
VICI Properties Inc
 
1,224,237
36,984,200
Weyerhaeuser Co
 
146,211
3,586,556
 
 
 
450,721,093
TOTAL REAL ESTATE
 
 
1,247,586,229
Utilities - 1.9%
 
 
 
Electric Utilities - 1.3%
 
 
 
Alliant Energy Corp
 
824,191
59,621,977
American Electric Power Co Inc
 
83,912
11,229,104
Constellation Energy Corp
 
142,240
46,922,131
Duke Energy Corp
 
295,616
38,681,354
Edison International
 
918,696
68,663,339
Entergy Corp
 
1,146,396
122,790,476
Evergy Inc
 
127,100
10,633,186
Eversource Energy
 
216,700
16,514,707
Exelon Corp
 
605,810
29,969,421
FirstEnergy Corp
 
1,178,560
60,295,130
IDACORP Inc
 
169,286
24,372,105
NextEra Energy Inc
 
3,063,364
287,251,642
NRG Energy Inc
 
134,849
24,132,577
Otter Tail Corp
 
11,000
936,100
PG&E Corp
 
4,366,421
82,961,999
Pinnacle West Capital Corp
 
12,500
1,253,750
Portland General Electric Co
 
101,543
5,479,260
PPL Corp
 
1,648,613
64,262,935
Southern Co/The
 
1,886,589
183,716,037
TXNM Energy Inc
 
37,119
2,190,763
Xcel Energy Inc
 
794,014
66,189,007
 
 
 
1,208,067,000
Gas Utilities - 0.1%
 
 
 
Atmos Energy Corp
 
215,348
40,224,853
Chesapeake Utilities Corp (e)
 
68,035
9,250,719
MDU Resources Group Inc (e)
 
502,922
10,400,427
National Fuel Gas Co
 
135,596
12,343,304
New Jersey Resources Corp
 
150,750
8,176,680
ONE Gas Inc (e)
 
139,344
12,184,239
Southwest Gas Holdings Inc
 
141,108
12,441,492
UGI Corp
 
532,100
19,905,861
 
 
 
124,927,575
Independent Power and Renewable Electricity Producers - 0.1%
 
 
 
AES Corp/The
 
527,077
9,107,891
Clearway Energy Inc Class C
 
26,800
1,026,708
Montauk Renewables Inc (f)
 
7,683
11,832
Talen Energy Corp (f)
 
69,892
25,927,835
Vistra Corp
 
287,333
49,964,335
 
 
 
86,038,601
Multi-Utilities - 0.4%
 
 
 
Ameren Corp
 
191,315
21,672,163
Avista Corp
 
196,973
8,001,043
Black Hills Corp
 
10,190
750,595
CenterPoint Energy Inc
 
68,447
2,977,445
CMS Energy Corp
 
267,974
20,920,730
Consolidated Edison Inc
 
499,512
56,205,090
Dominion Energy Inc
 
366,119
23,116,754
DTE Energy Co
 
268,745
39,838,759
NiSource Inc
 
63,160
2,987,468
Northwestern Energy Group Inc
 
133,725
9,355,401
Public Service Enterprise Group Inc
 
504,860
43,453,300
Sempra
 
1,005,534
96,802,759
WEC Energy Group Inc
 
70,200
8,210,592
 
 
 
334,292,099
Water Utilities - 0.0%
 
 
 
American States Water Co
 
2,344
174,698
California Water Service Group
 
7,766
350,091
H2O America
 
28,706
1,544,096
 
 
 
2,068,885
TOTAL UTILITIES
 
 
1,755,394,160
TOTAL UNITED STATES
 
 
72,062,198,773
ZAMBIA - 0.0%
 
 
 
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
First Quantum Minerals Ltd (f)
 
28,376
849,585
 
TOTAL COMMON STOCKS
 (Cost $34,671,437,102)
 
 
 
73,788,795,620
 
 
 
 
Domestic Equity Funds - 18.3%
 
 
Shares
Value ($)
 
Fidelity Advisor Blue Chip Growth Fund - Class Z (d)
 
3,099,120
807,072,869
Fidelity Advisor Small Cap Growth Fund - Class Z (d)
 
18,696,503
695,322,946
Fidelity Extended Market Index Fund (d)
 
17,343,999
1,806,897,840
Fidelity Growth Company Fund (d)
 
92,499,175
4,488,984,950
Fidelity Mid Cap Index Fund (d)
 
89,948
3,554,725
Fidelity SAI Inflation-Focused Fund (d)
 
15
1,505
Fidelity SAI Real Estate Index Fund (d)
 
458,957
2,496,728
Fidelity SAI Small-Mid Cap Momentum Index Fund (d)
 
103,622,190
526,400,726
Fidelity SAI U.S. Large Cap Index Fund (d)
 
46,500,840
1,275,053,044
Fidelity SAI U.S. Low Volatility Index Fund (d)
 
23,706,313
562,076,675
Fidelity SAI U.S. Momentum Index Fund (d)
 
94,584,202
1,835,879,368
Fidelity SAI U.S. Quality Index Fund (d)
 
139,457,334
3,274,458,207
iShares Core S&P 500 ETF (c)
 
2,271,246
1,565,751,568
SPDR S&P 500 ETF
 
65,060
44,630,509
 
TOTAL DOMESTIC EQUITY FUNDS
 (Cost $11,798,529,161)
 
 
16,888,581,660
 
 
 
 
Foreign Government and Government Agency Obligations - 0.1%
 
 
Principal
Amount (a)
 
Value ($)
 
BRAZIL - 0.0%
 
 
 
Brazilian Federative Republic Treasury Bills 0% 4/1/2026 (o)
BRL
120,100,000
23,131,035
COLOMBIA - 0.0%
 
 
 
Colombian Republic 5% 6/15/2045
 
1,300,000
958,750
Colombian Republic 6.5% 1/21/2033
 
300,000
298,200
Colombian Republic 8.375% 11/7/2054
 
1,400,000
1,478,400
TOTAL COLOMBIA
 
 
2,735,350
COTE D'IVOIRE - 0.0%
 
 
 
Cote d'Ivoire Treasury Bill 6.625% 3/22/2048 (h)
EUR
1,700,000
1,880,911
ECUADOR - 0.0%
 
 
 
Republic of Ecuador 0% 7/31/2030 (h)(o)
 
1,350,000
1,133,690
JAPAN - 0.0%
 
 
 
Japan Government 2.4% 3/20/2055
JPY
620,000,000
3,274,786
PERU - 0.0%
 
 
 
Peruvian Republic 5.4% 8/12/2034 (h)
PEN
23,900,000
7,073,855
Peruvian Republic 6.15% 8/12/2032 (i)
PEN
11,600,000
3,736,926
Peruvian Republic 6.15% 8/12/2032
PEN
4,500,000
1,449,670
Peruvian Republic 6.85% 8/12/2035 (h)(i)
PEN
40,800,000
13,013,741
Peruvian Republic 6.95% 8/12/2031 (h)
PEN
38,281,000
12,745,552
Peruvian Republic 7.3% 8/12/2033 (h)(i)
PEN
4,900,000
1,664,245
TOTAL PERU
 
 
39,683,989
POLAND - 0.0%
 
 
 
Republic of Poland 4.75% 7/25/2029
PLN
10,820,000
3,109,007
ROMANIA - 0.0%
 
 
 
Romanian Republic 6.75% 7/11/2039 (h)
EUR
2,200,000
2,814,722
SOUTH AFRICA - 0.1%
 
 
 
South African Republic 6.25% 3/31/2036
ZAR
165,840,000
9,075,649
South African Republic 7% 2/28/2031
ZAR
58,560,000
3,618,189
South African Republic 8% 1/31/2030
ZAR
321,400,000
20,748,882
South African Republic 8.875% 2/28/2035
ZAR
92,200,000
6,114,744
South African Republic Treasury Bills 0% 6/17/2026 (o)
ZAR
7,000,000
431,431
TOTAL SOUTH AFRICA
 
 
39,988,895
 
TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS
 (Cost $105,463,660)
 
 
 
117,752,385
 
 
 
 
Non-Convertible Corporate Bonds - 0.0%
 
 
Principal
Amount (a)
 
Value ($)
 
ITALY - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Intesa Sanpaolo SpA 6.625% 6/20/2033 (i)
 
300,000
334,516
JAPAN - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
NTT Finance Corp 4.876% 7/16/2030 (i)
 
200,000
205,184
KAZAKHSTAN - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Development Bank of Kazakhstan JSC 18.4% 10/16/2028 (i)
KZT
210,000,000
432,170
MEXICO - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Petroleos Mexicanos 6.35% 2/12/2048
 
700,000
561,680
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
Eagle Funding Luxco Sarl 5.5% 8/17/2030 (i)
 
5,300,000
5,406,000
TOTAL MEXICO
 
 
5,967,680
PERU - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Petroleos del Peru SA 5.625% 6/19/2047 (h)
 
1,600,000
1,023,467
Financials - 0.0%
 
 
 
Financial Services - 0.0%
 
 
 
Credicorp Capital Sociedad Titulizadora SA 9.7% 3/5/2045 (g)(i)
PEN
700,000
225,857
TOTAL PERU
 
 
1,249,324
UNITED KINGDOM - 0.0%
 
 
 
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
Barclays PLC 6.224% 5/9/2034 (l)
 
4,780,000
5,171,736
UNITED STATES - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Hyatt Hotels Corp 5.75% 3/30/2032
 
100,000
105,624
Consumer Staples - 0.0%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Mars Inc 5.2% 3/1/2035 (i)
 
200,000
207,092
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Viper Energy Partners LLC 5.7% 8/1/2035
 
800,000
829,872
Financials - 0.0%
 
 
 
Banks - 0.0%
 
 
 
JPMorgan Chase & Co 4.946% 10/22/2035 (l)
 
600,000
609,317
JPMorgan Chase & Co 5.766% 4/22/2035 (l)
 
4,700,000
5,034,328
Wells Fargo & Co 5.557% 7/25/2034 (l)
 
4,820,000
5,071,951
 
 
 
10,715,596
Capital Markets - 0.0%
 
 
 
Athene Global Funding 2.673% 6/7/2031 (i)
 
700,000
622,148
Athene Global Funding 5.033% 7/17/2030 (i)
 
4,600,000
4,626,221
GA Global Funding Trust 5.5% 4/1/2032 (i)
 
200,000
202,446
GA Global Funding Trust 5.9% 1/13/2035 (i)
 
400,000
405,531
Goldman Sachs Group Inc/The 5.851% 4/25/2035 (l)
 
9,430,000
10,054,537
Morgan Stanley 5.424% 7/21/2034 (l)
 
4,840,000
5,055,035
 
 
 
20,965,918
Insurance - 0.0%
 
 
 
F&G Global Funding 5.875% 1/16/2030 (i)
 
200,000
206,038
TOTAL FINANCIALS
 
 
31,887,552
Information Technology - 0.0%
 
 
 
IT Services - 0.0%
 
 
 
Beignet Investor LLC 6.581% 5/30/2049 (i)
 
5,200,000
5,523,034
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Broadcom Inc 3.419% 4/15/2033
 
1,000,000
936,648
Software - 0.0%
 
 
 
Oracle Corp 4.55% 2/4/2029
 
500,000
500,949
TOTAL INFORMATION TECHNOLOGY
 
 
6,960,631
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Pacific Gas and Electric Co 4.5% 7/1/2040
 
699,000
620,548
Pacific Gas and Electric Co 5.45% 6/15/2027
 
100,000
101,635
Pacific Gas and Electric Co 5.7% 3/1/2035
 
300,000
312,799
Pacific Gas and Electric Co 6.15% 1/15/2033
 
800,000
859,649
Pacific Gas and Electric Co 6.15% 3/1/2055
 
400,000
402,798
Pacific Gas and Electric Co 6.7% 4/1/2053
 
1,984,000
2,143,168
Southern California Edison Co 3.45% 2/1/2052
 
200,000
136,613
Southern California Edison Co 4.65% 10/1/2043
 
700,000
606,789
Southern California Edison Co 4.875% 3/1/2049
 
600,000
517,291
Southern California Edison Co 5.2% 6/1/2034
 
900,000
914,931
TOTAL UTILITIES
 
 
6,616,221
TOTAL UNITED STATES
 
 
46,606,992
 
TOTAL NON-CONVERTIBLE CORPORATE BONDS
 (Cost $58,546,173)
 
 
 
59,967,602
 
 
 
 
Repurchase Agreements - 0.5%
 
 
Maturity
Amount ($)
 
Value ($)
 
Citigroup Global Markets, Inc   3.69%, dated 3/2/2026 due 3/3/2026 (b)
 
215,222,058
215,200,000
Repurchase Agreements*
 
213,366,301
213,300,000
 
TOTAL REPURCHASE AGREEMENTS
 (Cost $428,500,000)
 
 
428,500,000
 
 
 
 
U.S. Government Agency - Mortgage Securities - 1.4%
 
 
Principal
Amount (a)
 
Value ($)
 
UNITED STATES - 1.4%
 
 
 
Citigroup Mortgage Loan Trust 2014-10 Series 10 Class 1A2, CME Term SOFR 1 month Index + 0.2495%, 3.5744% 11/25/2036 (i)(l)(m)
 
2,234,081
1,371,100
Fannie Mae 5% 12/1/2054
 
1,169,796
1,188,694
Fannie Mae 6.5% 7/1/2054
 
1,296,505
1,372,256
Fannie Mae Mortgage pass-thru certificates 4% 11/1/2054
 
668,625
650,623
Fannie Mae Mortgage pass-thru certificates 5.24% 1/1/2034
 
6,106,000
6,522,684
Fannie Mae Mortgage pass-thru certificates 5.34% 10/1/2032
 
3,098,397
3,293,094
Fannie Mae Mortgage pass-thru certificates 5.5% 12/1/2054
 
168,723
171,639
Fannie Mae Mortgage pass-thru certificates 5.65% 10/1/2030
 
1,904,187
2,030,436
Fannie Mae Mortgage pass-thru certificates 5.73% 11/1/2030
 
1,998,000
2,134,130
Fannie Mae Mortgage pass-thru certificates 6.5% 12/1/2053
 
1,731,679
1,839,340
Fannie Mae Mortgage pass-thru certificates 6.5% 4/1/2054
 
481,000
502,469
Freddie Mac Gold Pool 5% 1/1/2055
 
913,966
928,731
Freddie Mac Gold Pool 6% 12/1/2053
 
48,686
50,179
Freddie Mac Gold Pool 6.5% 8/1/2054
 
2,182,680
2,311,065
Freddie Mac Manufactured Housing participation certificates 6.5% 3/1/2055
 
930,063
989,048
Freddie Mac Non Gold Pool 6.5% 1/1/2055
 
1,051,300
1,117,317
Freddie Mac Non Gold Pool 6.5% 2/1/2055
 
1,111,903
1,182,421
Ginnie Mae II Pool 4% 3/1/2056 (j)
 
19,290,000
18,553,815
Ginnie Mae II Pool 4% 4/1/2056 (j)
 
19,290,000
18,546,280
Ginnie Mae II Pool 4.5% 3/1/2056 (j)
 
3,220,000
3,181,022
Ginnie Mae II Pool 4.5% 4/1/2056 (j)
 
3,220,000
3,177,123
Uniform Mortgage Backed Securities 4% 3/1/2056 (j)
 
88,600,000
86,118,509
Uniform Mortgage Backed Securities 4% 4/1/2056 (j)
 
50,610,000
49,050,185
Uniform Mortgage Backed Securities 4.5% 3/1/2056 (j)
 
114,800,000
113,517,465
Uniform Mortgage Backed Securities 5% 3/1/2056 (j)
 
98,310,000
98,755,462
Uniform Mortgage Backed Securities 5% 4/1/2056 (j)
 
89,200,000
89,513,600
Uniform Mortgage Backed Securities 5.5% 3/1/2056 (j)
 
59,890,000
60,853,858
Uniform Mortgage Backed Securities 5.5% 4/1/2056 (j)
 
59,890,000
60,807,066
Uniform Mortgage Backed Securities 6% 3/1/2056 (j)
 
162,895,000
167,088,276
Uniform Mortgage Backed Securities 6% 4/1/2056 (j)
 
162,895,000
167,069,201
Uniform Mortgage Backed Securities 6.5% 3/1/2056 (j)
 
202,775,000
210,577,093
Uniform Mortgage Backed Securities 6.5% 4/1/2056 (j)
 
157,285,000
163,422,811
TOTAL UNITED STATES
 
 
1,337,886,992
 
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES
 (Cost $1,330,639,961)
 
 
 
1,337,886,992
 
 
 
 
Commercial Paper - 0.0%
 
 
Yield (%) (r)
Principal
Amount (a)
 
Value ($)
 
AutoNation Inc 0% 3/5/2026
 
4.16
6,600,000
6,595,552
Glencore Funding LLC 0% 3/26/2026
 
3.88
2,000,000
1,994,125
Glencore Funding LLC 0% 3/4/2026
 
3.87
300,000
299,838
HCA Inc 0% 3/13/2026
 
4.11
8,500,000
8,486,446
HCA Inc 0% 4/22/2026
 
4.18
800,000
794,977
Imperial Brands Finance PLC yankee 0% 3/12/2026
 
3.90
500,000
499,303
Southern California Edison Co 0% 3/2/2026
 
4.26
5,100,000
5,098,310
 
TOTAL COMMERCIAL PAPER
 (Cost $23,773,877)
 
 
 
23,768,551
 
 
 
 
 
U.S. Treasury Obligations - 0.1%
 
 
Yield (%) (r)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 3/10/2026
 
3.64
100,000
99,919
US Treasury Bills 0% 3/17/2026
 
3.64
800,000
798,792
US Treasury Bills 0% 3/3/2026
 
3.63
3,000,000
2,999,699
US Treasury Bills 0% 4/14/2026 (s)(t)
 
3.57 to 3.59
3,495,000
3,479,846
US Treasury Bills 0% 4/21/2026 (s)(t)(u)
 
3.57
13,995,000
13,924,636
US Treasury Bills 0% 4/23/2026 (s)
 
3.62
200,000
198,957
US Treasury Bills 0% 4/28/2026
 
3.65
300,000
298,277
US Treasury Bills 0% 4/30/2026
 
3.61 to 3.65
3,100,000
3,081,545
US Treasury Bills 0% 4/7/2026 (s)
 
3.57 to 3.65
817,000
814,035
US Treasury Bills 0% 4/9/2026
 
3.64 to 3.65
21,200,000
21,118,937
US Treasury Bills 0% 5/12/2026 (s)
 
3.59
1,200,000
1,191,514
US Treasury Bills 0% 5/14/2026 (t)
 
3.63 to 3.64
4,102,000
4,072,139
US Treasury Bills 0% 5/19/2026 (s)
 
3.60 to 3.61
416,000
412,780
US Treasury Bills 0% 5/21/2026
 
3.64
2,700,000
2,678,489
US Treasury Bills 0% 5/28/2026 (t)
 
3.63
1,480,000
1,467,184
US Treasury Bills 0% 5/7/2026 (t)
 
3.63
1,145,000
1,137,443
US Treasury Bills 0% 6/18/2026 (s)
 
3.53
300,000
296,788
US Treasury Bills 0% 6/9/2026
 
3.64
6,815,000
6,747,848
US Treasury Bonds 4.625% 11/15/2044
 
4.78
7,980,000
8,055,125
US Treasury Bonds 4.875% 8/15/2045
 
4.57 to 4.69
335,000
348,452
US Treasury Notes 4.25% 8/15/2035
 
4.00 to 4.01
522,000
534,968
 
TOTAL U.S. TREASURY OBLIGATIONS
 (Cost $73,517,977)
 
 
 
73,757,373
 
 
 
 
 
Money Market Funds - 1.7%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (v)
 
3.70
31,737,725
31,744,072
Fidelity Securities Lending Cash Central Fund (v)(w)
 
3.69
946,207,434
946,302,055
Invesco Government & Agency Portfolio Institutional Class (x)
 
0.00
624,966,842
624,966,842
 
TOTAL MONEY MARKET FUNDS
 (Cost $1,603,012,969)
 
 
 
1,603,012,969
 
 
 
 
 
Purchased Swaptions - 0.0%
 
Expiration
Date
Notional
Amount
Value ($)
Put Swaptions - 0.0%
 
 
 
 
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 3.245% and pay annually a floating rate based on US SOFR Index, expiring August 2036
8/2026
 
600,000
4,131
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.23% and pay annually a floating rate based on US SOFR Index, expiring April 2031
3/2026
 
13,200,000
54,985
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 2.965% and pay annually a floating rate based on US SOFR Index, expiring August 2036
8/2026
 
1,200,000
3,545
Option on an interest rate swap with Goldman Sachs Bank USA to receive annually a fixed rate of 4.11% and pay annually a floating rate based on US SOFR Index, expiring August 2057
8/2027
 
28,600,000
2,281,692
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.656% and pay annually a floating rate based on US SOFR Index, expiring August 2045
8/2035
 
3,400,000
301,092
Option on an interest rate swap with JP Morgan Securities PLC to receive annually a fixed rate of 2.995% and pay annually a floating rate based on US SOFR Index, expiring August 2036
8/2026
 
1,300,000
4,259
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.194% and pay annually a floating rate based on US SOFR Index, expiring March 2033
3/2026
 
3,100,000
265
Option on an interest rate swap with Deutsche Bank AG/London to receive annually a fixed rate of 4.628% and pay annually a floating rate based on US SOFR Index, expiring August 2045
8/2035
 
14,300,000
1,252,203
Option on an interest rate swap with Deutsche Bank AG/London to receive annually a fixed rate of 3.442% and pay annually a floating rate based on US SOFR Index, expiring March 2033
3/2026
 
17,300,000
133,836
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.146% and pay annually a floating rate based on US SOFR Index, expiring April 2033
4/2026
 
8,300,000
20,267
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 4.11% and pay annually a floating rate based on US SOFR Index, expiring August 2057
8/2027
 
9,900,000
789,816
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.693% and pay annually a floating rate based on US SOFR Index, expiring August 2045
8/2035
 
5,100,000
458,074
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.427% and pay a annually floating rate based on US SOFR Index, expiring August 2045
8/2035
 
3,400,000
274,958
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.215% and pay annually a floating rate based on US SOFR Index, expiring August 2036
8/2026
 
600,000
3,747
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.222% and pay annually a floating rate based on US SOFR Index, expiring August 2036
8/2026
 
600,000
3,803
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.449% and pay annually a floating rate based on US SOFR Index, expiring April 2036
4/2026
 
17,900,000
82,079
Option on an interest rate swap with JP Morgan Securities PLC to receive annually a fixed rate of 4.485% and pay annually a floating rate based on US SOFR Index, expiring August 2045
7/2035
 
23,100,000
1,913,714
Option on an interest rate swap with Goldman Sachs Bank USA to receive annually a fixed rate of 3.4625% and pay annually a floating rate based on US SOFR Index, expiring April 2033
4/2026
 
15,300,000
155,184
Option on an interest rate swap with Deutsche Bank AG/London to receive at maturity a fixed rate of 3.1625% and pay at maturity a floating rate based on US SOFR Index, expiring August 2028
8/2027
 
738,000,000
3,554,880
Option on an interest rate swap with Bank of America NA to receive semi-annually a fixed rate of 2.972% and pay semi-annually a floating rate based on US SOFR Index, expiring August 2036
8/2026
 
1,200,000
3,593
Option on an interest rate swap with Deutsche Bank AG/London to receive annually a fixed rate of 4.6275% and pay annually a floating rate based on US SOFR Index, expiring August 2045
8/2035
 
11,400,000
997,621
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 4.296% and pay annually a floating rate based on US SOFR Index, expiring February 2058
2/2028
 
6,500,000
679,944
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.317% and pay annually a floating rate based on US SOFR Index, expiring March 2033
3/2026
 
15,200,000
10,505
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.2675% and pay annually a floating rate based on US SOFR Index, expiring April 2033
4/2026
 
20,400,000
70,146
 
 
 
 
 
 TOTAL PUT SWAPTIONS
 
 
 
13,054,339
Call Swaptions - 0.0%
 
 
 
 
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.656% and pay annually a floating rate based on US SOFR Index, expiring August 2045
8/2035
 
3,400,000
252,373
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.427% and pay annually a floating rate based on US SOFR Index, expiring August 2045
8/2035
 
3,400,000
271,120
Option on a credit default swap with Goldman Sachs International to buy protection on 5Y CDX IG Series 45 Index, paying 1% quarterly expiring December 2030
6/2026
 
68,900,000
155,502
Option on an interest rate swap with Barclays Bank PLC to receive annually a fixed rate of 4.11% and pay annually a floating rate based on US SOFR Index, expiring August 2057
8/2027
 
12,900,000
667,338
Option on a credit default swap with Goldman Sachs International to buy protection on 5Y CDX IG Series 45 Index, paying 1% quarterly expiring December 2030
5/2026
 
259,100,000
458,819
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.758% and pay annually a floating rate based on US SOFR Index, expiring April 2033
3/2026
 
6,600,000
1,106
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.093% and pay annually a floating rate based on US SOFR Index, expiring January 2028
1/2027
 
131,500,000
25,966
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 4.296% and pay annually a floating rate based on US SOFR Index, expiring February 2058
2/2028
 
6,500,000
323,713
Option on an interest rate swap with Deutsche Bank AG/London to receive at maturity a fixed rate of 3.1625% and pay at maturity a floating rate based on US SOFR Index, expiring August 2028
8/2027
 
738,000,000
2,529,148
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 4.485% and pay annually a floating rate based on US SOFR Index, expiring August 2045
7/2035
 
23,100,000
1,809,219
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.693% and pay annually a floating rate based on US SOFR Index, expiring August 2045
8/2035
 
5,100,000
374,288
Option on an interest rate swap with Goldman Sachs International to receive annually a fixed rate of 4.11% and pay annually a floating rate based on US SOFR Index, expiring August 2057
8/2027
 
37,400,000
1,934,764
 
 
 
 
 
 TOTAL CALL SWAPTIONS
 
 
 
8,803,356
TOTAL PURCHASED SWAPTIONS
 (Cost $25,146,621)
 
 
 
 
21,857,695
 
 Purchased Options - 0.0%
 
Counterparty
Number
of Contracts
Notional Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Call Options
 
 
 
 
 
 
USD/HKD Cross Currency Contracts
Goldman Sachs Bank USA
4,900,000
4,900,000
7.8
8/2026
4,170
USD/HKD Cross Currency Contracts
Bank of America NA
19,200,000
19,200,000
7.8
8/2026
16,338
USD/HKD Cross Currency Contracts
Bank of America NA
48,300,000
48,300,000
7.8
8/2026
40,485
 
 
 
 
 
 
 
 
 
 
 
 
 
60,993
Put Options
 
 
 
 
 
 
S&P 500 Index
Chicago Board Options Exchange
70
48,152,160
6,275
3/2026
4,900
S&P 500 Index
Chicago Board Options Exchange
125
85,986,000
6,175
3/2026
6,875
S&P 500 Index
Chicago Board Options Exchange
96
66,037,248
6,250
3/2026
44,640
S&P 500 Index
Chicago Board Options Exchange
60
41,273,280
6,175
3/2026
22,200
S&P 500 Index
Chicago Board Options Exchange
72
49,527,936
6,275
3/2026
36,360
S&P 500 Index
Chicago Board Options Exchange
93
63,973,584
6,250
3/2026
105,555
S&P 500 Index
Chicago Board Options Exchange
63
43,336,944
6,175
3/2026
57,645
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
6,250
3/2026
213,180
USD/KRW Cross Currency Contracts
Bank of America NA
2,183,797
2,183,797
1,400
7/2026
24,415
USD/KRW Cross Currency Contracts
Bank of America NA
1,366,203
1,366,203
1,400
7/2026
15,685
USD/ZAR Cross Currency Contracts
Bank of America NA
5,440,000
5,440,000
18
9/2026
663,787
USD/BRL Cross Currency Contracts
Goldman Sachs Bank USA
3,500,000
3,500,000
5.32
4/2026
120,515
 
 
 
 
 
 
 
 
 
 
 
 
 
1,315,757
TOTAL PURCHASED OPTIONS
(Cost $1,160,542)
 
 
 
 
 
1,376,750
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.3%
 (Cost $50,568,876,990)
 
 
 
95,445,927,306
NET OTHER ASSETS (LIABILITIES) - (3.3)% (p)(q)
(3,039,341,764)
NET ASSETS - 100.0%
92,406,585,542
 
 
 TBA Sale Commitments
 
Principal
Amount (a)
Value ($)
U.S. Government Agency - Mortgage Securities
 
 
Ginnie Mae II Pool 4% 3/1/2056
(19,290,000)
(18,553,815)
Ginnie Mae II Pool 4.5% 3/1/2056
(3,220,000)
(3,181,022)
Uniform Mortgage Backed Securities 4% 3/1/2056
(50,610,000)
(49,192,525)
Uniform Mortgage Backed Securities 4.5% 3/1/2056
(86,100,000)
(85,138,099)
Uniform Mortgage Backed Securities 5% 3/1/2056
(98,310,000)
(98,755,462)
Uniform Mortgage Backed Securities 5.5% 3/1/2056
(59,890,000)
(60,853,858)
Uniform Mortgage Backed Securities 6% 3/1/2056
(162,895,000)
(167,088,276)
Uniform Mortgage Backed Securities 6.5% 3/1/2056
(202,775,000)
(210,577,093)
 
 
 
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES
 
(693,340,150)
 
 
 
TOTAL TBA SALE COMMITMENTS
 (Proceeds $690,956,360)
 
 
(693,340,150)
 
 
Written Swaptions
 
Expiration
Date
Notional
Amount
Value ($)
Put Swaptions
 
 
 
 
Option on a credit default swap with Goldman Sachs International to buy protection on 5Y CDX IG Series 45 Index, paying 1% quarterly expiring December 2030
5/2026
 
170,200,000
(151,532)
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 3.775% and pay annually a floating rate based on US SOFR Index, expiring March 2036
2/2026
 
2,600,000
(52,262)
Option on a credit default swap with Goldman Sachs International to buy protection on 5Y CDX IG Series 45 Index, paying 1% quarterly expiring December 2030
6/2026
 
86,700,000
(51,855)
Option on a credit default swap with Goldman Sachs International to buy protection on 5Y CDX IG Series 45 Index, paying 1% quarterly expiring December 2030
5/2026
 
128,900,000
(61,405)
 
 
 
 
 
TOTAL PUT SWAPTIONS
 
 
 
(317,054)
Call Swaptions
 
 
 
 
Option on an interest rate swap with Goldman Sachs Bank USA to receive annually a fixed rate of 3.7625% and pay annually a floating rate based on US SOFR Index, expiring April 2033
4/2026
 
17,100,000
(7,740)
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.617% and pay annually a floating rate based on US SOFR Index, expiring March 2033
3/2026
 
16,700,000
(1)
Option on an interest rate swap with Deutsche Bank AG/London to receive annually a fixed rate of 3.742% and pay annually a floating rate based on US SOFR Index, expiring March 2033
3/2026
 
18,300,000
(1,901)
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 4.049% and pay annually a floating rate based on US SOFR Index, expiring April 2036
4/2026
 
11,400,000
(1,682)
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.646% and pay annually a floating rate based on US SOFR Index, expiring April 2033
4/2026
 
9,900,000
(11,202)
Option on an interest rate swap with Bank of America NA to receive annually a fixed rate of 3.7675% and pay annually a floating rate based on US SOFR Index, expiring April 2033
4/2026
 
10,100,000
(2,009)
Option on an interest rate swap with JPMorgan Chase Bank NA to receive annually a fixed rate of 4.015% and pay annually a floating rate based on US SOFR Index, expiring March 2036
2/2026
 
2,600,000
0
 
 
 
 
 
TOTAL CALL SWAPTIONS
 
 
 
(24,535)
TOTAL WRITTEN SWAPTIONS
 
 
 
(341,589)
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
 
 
 
 
 
 
 
 
 
Equity Contracts
 
 
 
 
CBOT US Fed Funds Rate Contracts (United States)
268
2/2026
107,610,608
(89,641)
CBOT US Fed Funds Rate Contracts (United States)
110
5/2026
44,198,327
(144,220)
CME E-Mini Russell 2000 Index Contracts (United States)
49
3/2026
6,455,015
107,690
CME E-Mini S&P 500 Index Contracts (United States)
1,693
3/2026
583,153,850
1,445,344
CME E-Mini S&P MidCap 400 Index Contracts (United States)
6
3/2026
2,146,740
96,063
 
 
 
 
 
TOTAL EQUITY CONTRACTS
 
 
 
1,415,236
 
 
 
 
 
Interest Rate Contracts
 
 
 
 
ASX 10Y Australia Treasury Bond Contracts (Australia)
199
3/2026
15,659,070
182,857
CBOT 10Y Ultra US Treasury Notes Contracts (United States)
265
6/2026
30,926,328
173,820
CBOT 2Y US Treasury Notes Contracts (United States)
690
6/2026
144,371,719
170,147
CBOT 5Y US Treasury Notes Contracts (United States)
2,391
6/2026
263,290,195
642,286
Eurex Euro-Bund Contracts (Germany)
487
3/2026
74,939,447
767,410
 
 
 
 
 
TOTAL INTEREST RATE CONTRACTS
 
 
 
1,936,520
 
 
 
 
 
TOTAL LONG
 
 
 
3,351,756
 
 
 
 
 
SHORT
 
 
 
 
 
 
 
 
 
Interest Rate Contracts
 
 
 
 
CBOT US Treasury Ultra Bond Contracts (United States)
(151)
6/2026
(18,355,938)
(20,565)
Eurex Euro-OAT Contracts (Germany)
(374)
3/2026
(54,762,528)
(911,137)
Eurex Euro-OAT Contracts (Germany)
(155)
6/2026
(22,607,789)
(43,413)
OSE 10Y Japan Treasury Bond Contracts (Japan)
(51)
3/2026
(43,369,513)
143,887
 
 
 
 
 
TOTAL SHORT
 
 
 
(831,228)
 
 
 
 
 
TOTAL FUTURES CONTRACTS
 
 
 
2,520,528
The notional amount of long futures as a percentage of Net Assets is 1.3%.
The notional amount of short futures as a percentage of Net Assets is 0.1%.

 Written Options
 
Counterparty
Number
of Contracts
Notional
Amount ($)
Exercise
Price ($)
Expiration
Date
Value ($)
Call Options
 
 
 
 
 
 
USD/HKD Cross Currency Contracts
Bank of America NA
19,200,000
19,200,000
7.85
8/2026
(6,847)
USD/HKD Cross Currency Contracts
Goldman Sachs Bank USA
4,900,000
4,900,000
7.85
8/2026
(1,747)
USD/BRL Cross Currency Contracts
Goldman Sachs Bank USA
3,500,000
3,500,000
5.70
4/2026
(7,567)
USD/HKD Cross Currency Contracts
Bank of America NA
48,300,000
48,300,000
7.85
8/2026
(17,833)
 
 
 
 
 
 
 
 
 
 
 
 
 
(33,994)
Put Options
 
 
 
 
 
 
S&P 500 Index
Chicago Board Options Exchange
61
41,961,168
6,755.00
3/2026
(103,395)
S&P 500 Index
Chicago Board Options Exchange
64
44,024,832
6,700.00
3/2026
(65,600)
S&P 500 Index
Chicago Board Options Exchange
70
48,152,160
6,845.00
3/2026
(253,400)
S&P 500 Index
Chicago Board Options Exchange
60
41,273,280
6,730.00
3/2026
(233,700)
S&P 500 Index
Chicago Board Options Exchange
168
115,565,184
6,825.00
3/2026
(1,016,400)
S&P 500 Index
Chicago Board Options Exchange
63
43,336,944
6,720.00
3/2026
(349,650)
S&P 500 Index
Chicago Board Options Exchange
93
63,973,584
6,800.00
3/2026
(683,550)
S&P 500 Index
Chicago Board Options Exchange
114
78,419,232
6,790.00
3/2026
(977,550)
Fannie Mae 6% 4/30/2056
JPMorgan Chase Bank NA
6,900,000
6,900,000
102.33
4/2026
(2,779)
USD/KRW Cross Currency Contracts
Bank of America NA
2,183,797
2,183,797
1,350.00
7/2026
(8,222)
USD/KRW Cross Currency Contracts
Bank of America NA
1,366,203
1,366,203
1,350.00
7/2026
(5,371)
USD/ZAR Cross Currency Contracts
Bank of America NA
10,890,000
10,890,000
17.00
8/2026
(751,456)
USD/BRL Cross Currency Contracts
Goldman Sachs Bank USA
3,500,000
3,500,000
5.12
4/2026
(37,350)
 
 
 
 
 
 
 
 
 
 
 
 
 
(4,488,423)
TOTAL WRITTEN OPTIONS
 
 
 
 
 
(4,522,417)
 
 
 Forward Foreign Currency Contracts
Currency
Purchased
 
Currency
Sold
 
Counterparty
Settlement
Date
Unrealized  
Appreciation/
(Depreciation) ($)
 
 
 
 
 
 
 
AUD
1,739,000
USD
1,212,645
BNP Paribas SA
3/2026
24,914
AUD
13,641,000
USD
9,723,441
Citibank NA
3/2026
(15,824)
AUD
2,235,000
USD
1,556,645
JPMorgan Chase Bank NA
3/2026
33,893
BRL
5,530,968
USD
1,074,079
BNP Paribas SA
3/2026
4,819
BRL
3,998,730
USD
760,000
BNP Paribas SA
3/2026
20,012
BRL
2,517,299
USD
480,000
BNP Paribas SA
3/2026
11,037
BRL
954,378
USD
180,000
Citibank NA
3/2026
6,166
BRL
2,370,835
USD
460,000
Goldman Sachs Bank USA
3/2026
2,467
BRL
92,934,506
USD
16,848,170
Goldman Sachs Bank USA
3/2026
1,280,086
BRL
6,314,517
USD
1,174,914
Goldman Sachs Bank USA
4/2026
46,722
BRL
12,531,918
USD
2,324,729
Goldman Sachs Bank USA
4/2026
99,755
BRL
78,301,541
USD
15,045,113
Goldman Sachs Bank USA
4/2026
103,475
CAD
14,926
USD
11,039
Bank of America NA
3/2026
(97)
CAD
10,461,873
USD
7,642,540
Bank of America NA
3/2026
27,174
CAD
1,526,000
USD
1,115,330
Barclays Bank PLC
3/2026
3,398
CAD
328,102
USD
240,000
Citibank NA
3/2026
714
CAD
1,081,288
USD
790,000
BNP Paribas SA
3/2026
3,674
CHF
38,741
USD
50,000
Morgan Stanley
3/2026
388
CHF
496,000
USD
641,163
Bank of America NA
3/2026
3,956
CHF
643,000
USD
829,026
Bank of America NA
3/2026
7,288
CHF
564,000
USD
729,693
Barclays Bank PLC
3/2026
3,870
CHF
7,050,151
USD
9,131,728
Barclays Bank PLC
3/2026
38,007
CHF
1,034,000
USD
1,344,891
Citibank NA
3/2026
(26)
CHF
482,000
USD
621,068
Citibank NA
3/2026
5,842
CLP
355,207,600
USD
412,461
Bank of America NA
3/2026
(5,449)
CLP
707,745,200
USD
826,084
BNP Paribas SA
3/2026
(15,166)
CLP
46,517,500
USD
51,022
Bank of America NA
3/2026
2,277
CLP
599,106,300
USD
690,000
Barclays Bank PLC
3/2026
(3,558)
CLP
1,092,603,562
USD
1,172,737
Citibank NA
3/2026
79,143
CLP
117,889,934
USD
133,770
Citibank NA
3/2026
1,306
CLP
320,449,640
USD
354,754
Citibank NA
3/2026
12,409
CLP
1,180,196,238
USD
1,268,483
UBS AG
3/2026
83,759
CLP
450,748,200
USD
525,158
Bank of America NA
6/2026
(8,836)
CLP
4,067,131,874
USD
4,684,826
Citibank NA
9/2026
(26,987)
CNY
315,913
USD
46,021
Deutsche Bank AG
3/2026
42
COP
295,044,000
USD
78,767
Bank of America NA
3/2026
(131)
COP
1,817,490,000
USD
470,000
Citibank NA
3/2026
12,384
COP
10,514,304,791
USD
2,764,194
Citibank NA
4/2026
10,951
CZK
11,518,080
USD
560,000
Citibank NA
3/2026
1,633
CZK
11,512,000
USD
560,233
BNP Paribas SA
3/2026
1,157
CZK
8,654,000
USD
420,006
Goldman Sachs Bank USA
3/2026
2,012
EUR
125,000
USD
147,502
JPMorgan Chase Bank NA
3/2026
198
EUR
504,000
USD
594,926
BNP Paribas SA
3/2026
601
EUR
42,755,910
USD
50,477,628
BNP Paribas SA
3/2026
42,756
EUR
497,000
USD
586,182
JPMorgan Chase Bank NA
3/2026
1,073
GBP
1,316,000
USD
1,786,448
BNP Paribas SA
3/2026
(12,941)
GBP
807,000
USD
1,089,305
JPMorgan Chase Bank NA
3/2026
(1,751)
GBP
1,646,000
USD
2,263,589
UBS AG
3/2026
(45,357)
GBP
2,962,000
USD
4,001,419
BNP Paribas SA
4/2026
(9,304)
GBP
807,000
USD
1,091,454
Barclays Bank PLC
4/2026
(3,798)
HUF
99,060,000
USD
311,294
Bank of America NA
3/2026
(674)
HUF
231,875,596
USD
725,323
JPMorgan Chase Bank NA
3/2026
992
HUF
303,012,100
USD
945,381
UBS AG
3/2026
3,759
IDR
127,197,984
USD
7,576
BNP Paribas SA
3/2026
11
IDR
104,405,084
USD
6,212
BNP Paribas SA
3/2026
16
IDR
104,275,999
USD
6,212
Citibank NA
3/2026
8
IDR
336,027,897
USD
20,052
JPMorgan Chase Bank NA
3/2026
(8)
IDR
9,383,920,000
USD
560,000
Goldman Sachs Bank USA
3/2026
(296)
IDR
4,560,030,000
USD
271,201
JPMorgan Chase Bank NA
3/2026
750
IDR
6,363,670,000
USD
380,000
JPMorgan Chase Bank NA
3/2026
(515)
IDR
2,858,278,000
USD
170,000
Bank of America NA
3/2026
385
IDR
3,723,170,000
USD
220,000
Bank of America NA
3/2026
1,942
IDR
5,745,626,000
USD
340,000
Goldman Sachs Bank USA
3/2026
2,503
IDR
5,872,580,000
USD
350,000
Barclays Bank PLC
4/2026
(15)
IDR
25,196,764,233
USD
1,499,495
BNP Paribas SA
6/2026
(136)
IDR
18,139,237,155
USD
1,075,772
BNP Paribas SA
6/2026
3,621
IDR
9,265,770,681
USD
549,868
BNP Paribas SA
6/2026
1,501
IDR
251,364,757
USD
14,940
Citibank NA
6/2026
18
IDR
6,382,199,219
USD
379,830
Citibank NA
6/2026
(51)
IDR
31,598,186,544
USD
1,873,207
Goldman Sachs Bank USA
6/2026
7,075
IDR
2,530,020,000
USD
149,376
JPMorgan Chase Bank NA
6/2026
1,176
IDR
337,055,754
USD
19,843
JPMorgan Chase Bank NA
6/2026
214
IDR
2,528,835,000
USD
149,934
Royal Bank of Canada
6/2026
547
ILS
1,130,000
USD
360,135
JPMorgan Chase Bank NA
3/2026
588
ILS
2,102,000
USD
681,243
Bank of America NA
4/2026
(9,977)
ILS
1,435,000
USD
458,967
JPMorgan Chase Bank NA
4/2026
(705)
INR
37,075,502
USD
406,552
Goldman Sachs Bank USA
3/2026
795
INR
36,865,640
USD
405,530
JPMorgan Chase Bank NA
3/2026
(489)
INR
12,684,474
USD
139,476
Goldman Sachs Bank USA
3/2026
(131)
INR
18,976,917
USD
210,000
Citibank NA
3/2026
(1,588)
INR
39,905,800
USD
440,000
Goldman Sachs Bank USA
3/2026
(1,831)
INR
73,455,660
USD
810,000
Citibank NA
3/2026
(3,730)
INR
28,817,438
USD
316,074
BNP Paribas SA
3/2026
102
INR
40,495,284
USD
443,926
BNP Paribas SA
3/2026
376
INR
2,738,850
USD
30,000
Barclays Bank PLC
4/2026
29
INR
10,892,363
USD
120,119
Bank of America NA
4/2026
(745)
INR
232,360,530
USD
2,556,348
Citibank NA
4/2026
(9,822)
INR
62,293,365
USD
672,000
Citibank NA
4/2026
10,696
INR
231,874,130
USD
2,551,081
Citibank NA
4/2026
(9,885)
INR
257,073,419
USD
2,825,526
Citibank NA
4/2026
(8,162)
INR
256,936,316
USD
2,822,592
Citibank NA
4/2026
(6,731)
INR
253,986,138
USD
2,770,506
Citibank NA
4/2026
13,023
INR
202,862,160
USD
2,228,324
Citibank NA
4/2026
(5,082)
INR
232,625,061
USD
2,557,795
Citibank NA
4/2026
(8,370)
INR
256,992,147
USD
2,802,684
Citibank NA
4/2026
13,789
INR
90,164,036
USD
977,534
JPMorgan Chase Bank NA
4/2026
10,607
JPY
33,321,528
USD
216,357
BNP Paribas SA
3/2026
(2,983)
JPY
239,400,000
USD
1,563,606
Bank of America NA
3/2026
(30,612)
JPY
208,260,803
USD
1,353,044
Barclays Bank PLC
3/2026
(19,449)
JPY
987,068,995
USD
6,458,780
JPMorgan Chase Bank NA
3/2026
(138,100)
JPY
578,500,000
USD
3,804,117
JPMorgan Chase Bank NA
3/2026
(99,701)
JPY
1,968,428,799
USD
12,659,015
Bank of America NA
4/2026
(20,466)
KRW
530,972,200
USD
372,743
Canadian Imperial Bank of Commerce
3/2026
(4,033)
KRW
528,174,749
USD
366,292
Goldman Sachs Bank USA
3/2026
476
KRW
1,013,521,979
USD
701,011
Deutsche Bank AG
3/2026
2,833
KRW
14,638,046
USD
10,124
Bank of America NA
3/2026
43
KRW
1,409,245,355
USD
974,837
Citibank NA
3/2026
4,262
KRW
8,928,490,462
USD
6,154,863
Goldman Sachs Bank USA
3/2026
48,366
KRW
86,772,600
USD
60,000
Bank of America NA
3/2026
297
MXN
14,789,000
USD
797,113
Goldman Sachs Bank USA
3/2026
61,614
MXN
32,278,000
USD
1,760,511
Bank of America NA
3/2026
112,619
MXN
26,259
USD
1,423
JPMorgan Chase Bank NA
3/2026
101
MXN
9,147,000
USD
530,518
Bank of America NA
3/2026
(174)
MXN
4,496,000
USD
247,978
Bank of America NA
3/2026
12,701
MXN
13,379,000
USD
766,878
Bank of America NA
3/2026
8,837
MXN
13,887,000
USD
763,679
Bank of America NA
3/2026
41,490
MXN
8,573,000
USD
498,226
Bank of America NA
3/2026
(1,163)
MXN
34,815,000
USD
1,880,078
Barclays Bank PLC
3/2026
138,497
MXN
16,696,000
USD
970,432
Goldman Sachs Bank USA
3/2026
(2,397)
MXN
13,989,000
USD
796,934
Goldman Sachs Bank USA
3/2026
14,149
MXN
260,626,000
USD
14,391,750
Goldman Sachs Bank USA
3/2026
719,358
MXN
6,208,000
USD
349,198
Goldman Sachs Bank USA
3/2026
10,743
MXN
5,856,468
USD
318,148
JPMorgan Chase Bank NA
4/2026
20,719
MXN
16,091,000
USD
873,002
Goldman Sachs Bank USA
4/2026
57,980
MXN
14,278,000
USD
772,665
Goldman Sachs Bank USA
4/2026
53,221
MXN
22,821,000
USD
1,238,215
Goldman Sachs Bank USA
4/2026
81,611
MXN
11,034,000
USD
605,182
JPMorgan Chase Bank NA
4/2026
32,853
MXN
1,468,190
USD
84,541
Deutsche Bank AG
6/2026
(90)
MXN
978,799
USD
56,361
Deutsche Bank AG
6/2026
(60)
MXN
299,551,811
USD
17,170,229
Goldman Sachs Bank USA
6/2026
60,161
MXN
38,563,630
USD
2,209,482
UBS AG
6/2026
8,720
MXN
3,110,551
USD
177,300
JPMorgan Chase Bank NA
9/2026
415
MYR
743,314
USD
188,000
Barclays Bank PLC
3/2026
3,064
MYR
677,680
USD
172,000
Goldman Sachs Bank USA
3/2026
2,193
MYR
1,257,440
USD
320,000
Barclays Bank PLC
3/2026
3,293
MYR
1,044,290
USD
260,000
Barclays Bank PLC
3/2026
8,491
MYR
3,236,510
USD
828,409
Barclays Bank PLC
3/2026
3,711
MYR
2,299,296
USD
590,290
Barclays Bank PLC
3/2026
869
MYR
1,598,180
USD
410,000
Goldman Sachs Bank USA
3/2026
899
MYR
1,420,994
USD
365,727
Goldman Sachs Bank USA
3/2026
(383)
MYR
1,444,106
USD
370,000
Goldman Sachs Bank USA
3/2026
1,344
NOK
4,505,000
USD
473,832
Citibank NA
3/2026
(36)
NOK
9,460,000
USD
992,692
BNP Paribas SA
3/2026
2,229
NOK
13,933,536
USD
1,448,234
Barclays Bank PLC
3/2026
17,174
NOK
10,645,000
USD
1,093,530
JPMorgan Chase Bank NA
3/2026
26,018
NOK
12,745,199
USD
1,326,272
UBS AG
3/2026
14,157
NOK
898,271
USD
93,981
UBS AG
3/2026
491
NOK
43,577,035
USD
4,551,611
Barclays Bank PLC
4/2026
30,451
NZD
335,531
USD
200,000
Citibank NA
3/2026
1,268
NZD
1,799,000
USD
1,083,182
Citibank NA
3/2026
(4,052)
NZD
19,005,373
USD
11,371,105
UBS AG
3/2026
29,268
PEN
1,523,394
USD
452,073
Citibank NA
3/2026
1,994
PEN
300,960
USD
89,668
Deutsche Bank AG
3/2026
37
PEN
1,517,227
USD
449,629
Bank of America NA
3/2026
2,472
PEN
1,653,953
USD
490,977
Bank of America NA
3/2026
1,865
PEN
2,125
USD
632
Citibank NA
3/2026
1
PEN
8,769,450
USD
2,585,867
Citibank NA
3/2026
27,239
PEN
1,350,067
USD
401,442
Citibank NA
3/2026
849
PEN
2,159,168
USD
640,000
Citibank NA
3/2026
3,385
PEN
90,152,346
USD
26,855,033
Goldman Sachs Bank USA
3/2026
8,404
PEN
1,684,901
USD
500,119
Goldman Sachs Bank USA
3/2026
1,945
PHP
12,949,640
USD
220,000
Barclays Bank PLC
3/2026
4,449
PHP
16,848,710
USD
290,000
JPMorgan Chase Bank NA
3/2026
1,962
PHP
12,443,958
USD
214,031
Bank of America NA
3/2026
1,576
PHP
54,747,884
USD
924,748
Bank of America NA
3/2026
23,824
PHP
26,239,030
USD
450,000
Bank of America NA
3/2026
4,623
PHP
29,474,784
USD
508,949
Goldman Sachs Bank USA
3/2026
1,736
PHP
12,970,414
USD
224,586
JPMorgan Chase Bank NA
3/2026
142
PHP
10,460,139
USD
180,000
BNP Paribas SA
3/2026
1,199
PHP
12,713,140
USD
220,000
Barclays Bank PLC
3/2026
169
PLN
430,200
USD
120,000
Morgan Stanley
3/2026
398
PLN
3,628,470
USD
1,006,652
BNP Paribas SA
4/2026
8,756
PLN
1,221,000
USD
337,952
BNP Paribas SA
4/2026
3,739
PLN
307,000
USD
85,223
BNP Paribas SA
4/2026
690
PLN
324,000
USD
89,819
BNP Paribas SA
4/2026
850
PLN
9,103,000
USD
2,572,062
BNP Paribas SA
4/2026
(24,636)
PLN
779,000
USD
219,102
Bank of America NA
4/2026
(1,103)
PLN
364,000
USD
100,141
Bank of America NA
4/2026
1,723
PLN
753,000
USD
210,545
Barclays Bank PLC
4/2026
178
PLN
215,000
USD
59,978
Citibank NA
4/2026
188
PLN
20,000
USD
5,579
Citibank NA
4/2026
18
PLN
430,000
USD
120,168
Citibank NA
4/2026
165
PLN
2,275,000
USD
629,057
Citibank NA
4/2026
7,590
PLN
251,000
USD
69,915
Goldman Sachs Bank USA
4/2026
327
PLN
494,000
USD
139,803
JPMorgan Chase Bank NA
4/2026
(1,559)
PLN
614,000
USD
169,534
JPMorgan Chase Bank NA
4/2026
2,291
PLN
23,519,139
USD
6,474,446
Deutsche Bank AG
4/2026
107,298
PLN
13,548,433
USD
3,751,501
UBS AG
4/2026
39,978
SEK
2,721,570
USD
300,000
Deutsche Bank AG
3/2026
1,472
SEK
6,665,000
USD
745,875
Citibank NA
3/2026
(7,584)
SEK
12,150,000
USD
1,359,759
JPMorgan Chase Bank NA
3/2026
(13,886)
SEK
18,820,901
USD
2,074,307
Barclays Bank PLC
4/2026
14,364
SEK
5,405,000
USD
598,651
Citibank NA
4/2026
1,175
SGD
126,552
USD
100,000
Bank of America NA
3/2026
49
SGD
109,229
USD
86,327
Bank of America NA
3/2026
27
SGD
66,477
USD
52,505
Bank of America NA
3/2026
50
SGD
22,286,294
USD
17,646,919
JPMorgan Chase Bank NA
3/2026
(27,902)
THB
15,681,750
USD
500,000
Barclays Bank PLC
3/2026
4,561
THB
15,881,650
USD
500,000
UBS AG
3/2026
11,270
THB
14,100,975
USD
456,485
BNP Paribas SA
3/2026
(2,212)
THB
1,345,191
USD
43,515
Goldman Sachs Bank USA
3/2026
(179)
THB
15,563,500
USD
500,000
Goldman Sachs Bank USA
3/2026
1,661
THB
32,006,488
USD
1,030,000
BNP Paribas SA
4/2026
2,601
THB
6,106
USD
196
Citibank NA
4/2026
1
THB
15,681,750
USD
506,471
Goldman Sachs Bank USA
4/2026
66
THB
934,485
USD
30,178
Goldman Sachs Bank USA
4/2026
7
TRY
137,487,836
USD
3,020,051
Barclays Bank PLC
3/2026
104,165
TRY
2,326,660
USD
52,102
Barclays Bank PLC
3/2026
504
TRY
22,720,590
USD
496,516
Barclays Bank PLC
3/2026
15,050
TRY
2,747,293
USD
59,954
BNP Paribas SA
3/2026
1,798
TRY
104,628,133
USD
2,273,981
Barclays Bank PLC
3/2026
61,988
TRY
28,573,260
USD
628,639
Barclays Bank PLC
4/2026
6,057
TRY
3,212,396
USD
70,004
Barclays Bank PLC
4/2026
1,234
TRY
5,173,223
USD
113,525
Barclays Bank PLC
4/2026
913
TRY
10,688,294
USD
232,650
Barclays Bank PLC
4/2026
3,593
TRY
5,131,763
USD
111,762
Barclays Bank PLC
4/2026
1,572
TRY
78,015,552
USD
1,716,401
Barclays Bank PLC
4/2026
5,134
TRY
224,657,635
USD
4,902,459
Barclays Bank PLC
4/2026
9,972
TWD
23,826,529
USD
760,818
BNP Paribas SA
3/2026
(1,189)
TWD
23,900,024
USD
760,000
Bank of America NA
3/2026
1,972
TWD
11,728,741
USD
370,000
Bank of America NA
3/2026
4,092
TWD
23,680,799
USD
755,128
BNP Paribas SA
3/2026
664
TWD
1,550,530
USD
49,743
BNP Paribas SA
3/2026
(256)
TWD
5,177,174
USD
163,395
BNP Paribas SA
3/2026
1,838
TWD
11,343,466
USD
359,039
BNP Paribas SA
3/2026
2,997
TWD
23,816,214
USD
758,466
BNP Paribas SA
3/2026
1,647
TWD
226,666,635
USD
7,181,858
Citibank NA
3/2026
52,384
TWD
1,554,045
USD
49,882
Citibank NA
3/2026
(283)
TWD
81,839,261
USD
2,597,000
JPMorgan Chase Bank NA
3/2026
14,964
TWD
1,577,880
USD
50,000
Bank of America NA
3/2026
381
TWD
5,345,480
USD
170,000
Goldman Sachs Bank USA
3/2026
678
USD
12,345,767
AUD
17,615,000
Barclays Bank PLC
3/2026
(189,948)
USD
9,722,444
AUD
13,641,000
Citibank NA
4/2026
16,068
USD
1,915,000
BRL
10,064,969
BNP Paribas SA
3/2026
(48,322)
USD
380,000
BRL
1,982,029
BNP Paribas SA
3/2026
(6,624)
USD
185,334
BRL
954,378
Citibank NA
3/2026
(832)
USD
17,502
BRL
96,284
Goldman Sachs Bank USA
3/2026
(1,280)
USD
15,045,113
BRL
77,677,921
Goldman Sachs Bank USA
3/2026
(107,119)
USD
1,338,335
BRL
6,891,758
Goldman Sachs Bank USA
3/2026
(6,004)
USD
417,000
BRL
2,205,880
Goldman Sachs Bank USA
3/2026
(13,290)
USD
1,030,000
BRL
5,420,406
Goldman Sachs Bank USA
3/2026
(27,331)
USD
390,000
BRL
2,019,323
Goldman Sachs Bank USA
3/2026
(3,899)
USD
190,000
BRL
993,770
Goldman Sachs Bank USA
3/2026
(3,850)
USD
311,112
BRL
1,800,000
BNP Paribas SA
4/2026
(37,125)
USD
479,489
BRL
2,700,000
BNP Paribas SA
4/2026
(42,866)
USD
525,758
BRL
3,000,000
BNP Paribas SA
4/2026
(54,637)
USD
314,328
BRL
1,800,000
BNP Paribas SA
4/2026
(33,908)
USD
376,695
BRL
2,100,000
Goldman Sachs Bank USA
4/2026
(29,581)
USD
961,993
BRL
5,500,000
Goldman Sachs Bank USA
4/2026
(102,064)
USD
1,279,104
BRL
7,400,000
Goldman Sachs Bank USA
4/2026
(152,535)
USD
1,707,221
BRL
9,500,000
Goldman Sachs Bank USA
4/2026
(130,695)
USD
2,843,414
BRL
15,800,000
Goldman Sachs Bank USA
4/2026
(213,329)
USD
1,283,302
BRL
7,400,000
Goldman Sachs Bank USA
4/2026
(148,337)
USD
10,704,822
BRL
63,100,000
JPMorgan Chase Bank NA
4/2026
(1,502,805)
USD
8,738,927
CAD
11,847,206
BNP Paribas SA
3/2026
53,610
USD
119,917
CAD
164,000
Canadian Imperial Bank of Commerce
3/2026
(313)
USD
1,010,000
CAD
1,380,286
Bank of America NA
3/2026
(2,035)
USD
560,000
CAD
759,968
BNP Paribas SA
3/2026
2,616
USD
7,642,540
CAD
10,448,613
Bank of America NA
4/2026
(27,493)
USD
118,625
CAD
162,000
Citibank NA
4/2026
(295)
USD
662,189
CHF
512,000
Barclays Bank PLC
3/2026
(3,741)
USD
12,767,345
CHF
9,763,086
Goldman Sachs Bank USA
3/2026
69,047
USD
9,131,728
CHF
7,027,331
Barclays Bank PLC
4/2026
(43,099)
USD
410,000
CLP
355,207,600
Bank of America NA
3/2026
2,988
USD
330,000
CLP
286,535,700
Citibank NA
3/2026
1,683
USD
620,000
CLP
529,480,000
Citibank NA
3/2026
13,331
USD
4,684,826
CLP
4,064,555,220
Citibank NA
3/2026
27,752
USD
230,854
CLP
199,959,186
BNP Paribas SA
3/2026
1,750
USD
239,146
CLP
207,148,265
Citibank NA
3/2026
1,805
USD
60,000
CLP
51,910,800
Bank of America NA
4/2026
525
USD
45,538
CNY
316,000
Goldman Sachs Bank USA
3/2026
(538)
USD
46,021
CNY
315,309
Deutsche Bank AG
4/2026
(36)
USD
80,000
COP
295,044,000
Bank of America NA
3/2026
1,364
USD
90,000
COP
335,614,500
Bank of America NA
3/2026
700
USD
310,000
COP
1,141,432,400
BNP Paribas SA
3/2026
6,965
USD
21,912
COP
82,318,319
Goldman Sachs Bank USA
3/2026
64
USD
220,000
COP
818,180,000
Bank of America NA
3/2026
3,209
USD
180,000
COP
681,298,920
Citibank NA
4/2026
96
USD
560,190
CZK
11,512,000
BNP Paribas SA
3/2026
(1,147)
USD
286,651
CZK
5,965,292
BNP Paribas SA
3/2026
(4,250)
USD
440,614
CZK
9,047,000
Bank of America NA
3/2026
(569)
USD
100,464
CZK
2,084,000
Barclays Bank PLC
3/2026
(1,164)
USD
330,228
CZK
6,740,000
Barclays Bank PLC
3/2026
1,548
USD
380,304
CZK
7,862,000
Barclays Bank PLC
3/2026
(3,092)
USD
112,716
CZK
2,326,000
Citibank NA
3/2026
(713)
USD
109,950
CZK
2,249,000
Goldman Sachs Bank USA
3/2026
276
USD
532,905
CZK
11,121,000
JPMorgan Chase Bank NA
3/2026
(9,417)
USD
180,000
EUR
152,744
HSBC Bank PLC
3/2026
(483)
USD
671,295
EUR
565,000
Bank of America NA
3/2026
3,691
USD
2,769,564
EUR
2,349,000
Barclays Bank PLC
3/2026
(6,014)
USD
48,579,688
EUR
40,659,910
Barclays Bank PLC
3/2026
535,938
USD
218,257
EUR
183,000
JPMorgan Chase Bank NA
3/2026
2,024
USD
50,549,971
EUR
42,755,910
BNP Paribas SA
4/2026
(55,647)
USD
147,720
EUR
125,000
JPMorgan Chase Bank NA
4/2026
(229)
USD
50,000
GBP
37,031
JPMorgan Chase Bank NA
3/2026
95
USD
4,001,218
GBP
2,962,000
BNP Paribas SA
3/2026
9,478
USD
1,091,390
GBP
807,000
Barclays Bank PLC
3/2026
3,836
USD
310,000
HUF
99,059,880
Citibank NA
3/2026
(619)
USD
310,982
HUF
99,060,000
Bank of America NA
3/2026
691
USD
249,481
HUF
80,469,000
Goldman Sachs Bank USA
3/2026
(2,576)
USD
13,820
IDR
231,603,068
BNP Paribas SA
3/2026
6
USD
6,222
IDR
104,275,999
Citibank NA
3/2026
3
USD
19,843
IDR
336,027,897
JPMorgan Chase Bank NA
3/2026
(201)
USD
549,868
IDR
9,240,201,819
BNP Paribas SA
3/2026
(1,264)
USD
270,000
IDR
4,560,030,000
Bank of America NA
3/2026
(1,951)
USD
379,830
IDR
6,367,499,802
Citibank NA
3/2026
117
USD
230,760
IDR
3,883,709,261
BNP Paribas SA
6/2026
(344)
USD
498,034
IDR
8,396,654,026
Goldman Sachs Bank USA
6/2026
(1,617)
USD
270,530
IDR
4,560,030,000
JPMorgan Chase Bank NA
6/2026
(819)
USD
230,442
ILS
722,824
Bank of America NA
3/2026
(300)
USD
129,558
ILS
406,508
Bank of America NA
3/2026
(209)
USD
1,714,932
ILS
5,295,226
BNP Paribas SA
4/2026
23,923
USD
1,725,735
ILS
5,352,056
Deutsche Bank AG
4/2026
16,577
USD
1,725,723
ILS
5,331,751
Deutsche Bank AG
4/2026
22,859
USD
1,843,609
ILS
5,731,227
Goldman Sachs Bank USA
4/2026
13,160
USD
886,841
ILS
2,732,047
Bank of America NA
6/2026
13,424
USD
1,088,223
ILS
3,348,638
Barclays Bank PLC
6/2026
17,686
USD
508,532
ILS
1,582,655
Citibank NA
6/2026
2,568
USD
241,039
ILS
752,000
Citibank NA
6/2026
630
USD
321,177
ILS
994,000
JPMorgan Chase Bank NA
6/2026
3,402
USD
360,643
ILS
1,130,000
JPMorgan Chase Bank NA
6/2026
(610)
USD
676,905
ILS
2,112,553
UBS AG
6/2026
1,536
USD
958,238
ILS
2,937,167
UBS AG
6/2026
19,245
USD
664,707
ILS
2,074,866
Bank of America NA
6/2026
1,287
USD
852,187
ILS
2,610,994
Bank of America NA
6/2026
17,345
USD
907,320
ILS
2,784,874
UBS AG
6/2026
16,882
USD
407,839
INR
37,075,502
Goldman Sachs Bank USA
3/2026
492
USD
400,000
INR
36,865,640
JPMorgan Chase Bank NA
3/2026
(5,041)
USD
140,000
INR
12,680,080
Goldman Sachs Bank USA
3/2026
704
USD
292,710
INR
26,635,996
Deutsche Bank AG
4/2026
796
USD
406,552
INR
37,190,557
Goldman Sachs Bank USA
4/2026
(1,033)
USD
139,476
INR
12,721,992
Goldman Sachs Bank USA
4/2026
51
USD
592,721
INR
54,680,268
Goldman Sachs Bank USA
4/2026
(6,541)
USD
390,375
INR
36,014,438
Goldman Sachs Bank USA
4/2026
(4,321)
USD
70,000
JPY
10,922,100
Morgan Stanley
3/2026
61
USD
190,628
JPY
29,600,000
BNP Paribas SA
3/2026
1,085
USD
12,659,015
JPY
1,973,540,510
Bank of America NA
3/2026
21,481
USD
198,440
JPY
30,500,000
JPMorgan Chase Bank NA
3/2026
3,133
USD
59,747
JPY
9,239,702
JPMorgan Chase Bank NA
3/2026
580
USD
142,725
JPY
22,200,000
Citibank NA
4/2026
187
USD
370,000
KRW
530,972,200
Canadian Imperial Bank of Commerce
3/2026
1,290
USD
370,779
KRW
528,174,749
Goldman Sachs Bank USA
3/2026
4,011
USD
700,000
KRW
1,013,802,377
Goldman Sachs Bank USA
3/2026
(4,039)
USD
10,000
KRW
14,634,000
Bank of America NA
3/2026
(164)
USD
260,000
KRW
378,822,600
JPMorgan Chase Bank NA
3/2026
(3,139)
USD
10,124
KRW
14,633,693
Bank of America NA
3/2026
(43)
USD
701,011
KRW
1,013,101,372
Deutsche Bank AG
3/2026
(2,859)
USD
366,292
KRW
527,918,345
Goldman Sachs Bank USA
3/2026
(489)
USD
370,000
KRW
530,254,400
Bank of America NA
3/2026
1,583
USD
100,000
KRW
143,469,000
Bank of America NA
4/2026
267
USD
100,000
KZT
53,475,000
Deutsche Bank AG
6/2026
(3,665)
USD
360,000
MXN
6,215,832
BNP Paribas SA
3/2026
(924)
USD
498,920
MXN
8,573,000
Bank of America NA
3/2026
1,126
USD
721,098
MXN
12,453,000
Bank of America NA
3/2026
(927)
USD
802,076
MXN
13,967,000
Bank of America NA
3/2026
(7,732)
USD
11,429
MXN
197,000
Citibank NA
3/2026
6
USD
56,361
MXN
971,100
Deutsche Bank AG
3/2026
57
USD
84,541
MXN
1,456,641
Deutsche Bank AG
3/2026
85
USD
17,170,229
MXN
296,924,766
Goldman Sachs Bank USA
3/2026
(45,483)
USD
725,426
MXN
12,523,000
Goldman Sachs Bank USA
3/2026
(658)
USD
177,300
MXN
3,061,085
JPMorgan Chase Bank NA
3/2026
(182)
USD
1,358,852
MXN
25,090,117
JPMorgan Chase Bank NA
3/2026
(95,874)
USD
6,423,580
MXN
115,023,195
JPMorgan Chase Bank NA
4/2026
(225,953)
USD
365,604
MYR
1,420,994
Goldman Sachs Bank USA
3/2026
347
USD
470,000
NOK
4,505,984
Morgan Stanley
3/2026
(3,900)
USD
150,314
NOK
1,440,000
BNP Paribas SA
3/2026
(1,133)
USD
4,551,611
NOK
43,570,048
Barclays Bank PLC
3/2026
(30,707)
USD
279,142
NOK
2,660,788
Citibank NA
3/2026
(697)
USD
473,741
NOK
4,505,000
Citibank NA
4/2026
46
USD
12,285,464
NZD
20,244,373
Barclays Bank PLC
3/2026
141,877
USD
333,649
NZD
560,000
Canadian Imperial Bank of Commerce
3/2026
(2,267)
USD
11,383,743
NZD
19,005,373
UBS AG
4/2026
(31,387)
USD
453,877
PEN
1,523,394
Citibank NA
3/2026
(189)
USD
90,000
PEN
300,960
Deutsche Bank AG
3/2026
295
USD
130,000
PEN
438,312
Goldman Sachs Bank USA
3/2026
(630)
USD
500,000
PEN
1,678,000
Citibank NA
3/2026
(17)
USD
13,416,487
PEN
45,226,976
Bank of America NA
3/2026
(60,168)
USD
1,225,213
PEN
4,121,617
Bank of America NA
3/2026
(2,939)
USD
519,729
PEN
1,748,368
Bank of America NA
3/2026
(1,247)
USD
215,439
PEN
724,737
Bank of America NA
3/2026
(517)
USD
11,051,376
PEN
39,122,977
Citibank NA
3/2026
(606,420)
USD
1,240,178
PEN
4,170,099
Citibank NA
3/2026
(2,421)
USD
218,070
PEN
733,260
Citibank NA
3/2026
(426)
USD
526,077
PEN
1,768,934
Citibank NA
3/2026
(1,027)
USD
743,000
PEN
2,510,226
Citibank NA
3/2026
(4,993)
USD
2,133,833
PEN
7,202,327
JPMorgan Chase Bank NA
3/2026
(12,304)
USD
500,000
PEN
1,683,950
Citibank NA
3/2026
(1,733)
USD
570,000
PEN
1,914,915
Citibank NA
4/2026
(349)
USD
507,267
PEN
1,713,496
Bank of America NA
6/2026
(1,827)
USD
26,855,033
PEN
90,407,469
Goldman Sachs Bank USA
6/2026
(5,748)
USD
4,245,784
PEN
14,343,531
Bank of America NA
7/2026
(11,627)
USD
932,068
PEN
3,204,451
Citibank NA
8/2026
(18,437)
USD
1,201,427
PEN
4,109,600
Citibank NA
11/2026
(16,413)
USD
1,252,214
PEN
4,236,617
Citibank NA
1/2027
(3,266)
USD
224,586
PHP
12,967,157
JPMorgan Chase Bank NA
3/2026
(167)
USD
498,061
PHP
29,708,278
BNP Paribas SA
3/2026
(16,670)
USD
120,179
PLN
430,000
Citibank NA
3/2026
(163)
USD
1,619,539
PLN
5,834,428
BNP Paribas SA
4/2026
(13,195)
USD
1,590,522
PLN
5,723,366
Barclays Bank PLC
4/2026
(11,131)
USD
540,143
PLN
1,932,000
JPMorgan Chase Bank NA
4/2026
(517)
USD
3,928,015
PLN
14,227,899
UBS AG
4/2026
(53,587)
USD
597,672
SEK
5,405,000
Citibank NA
3/2026
(1,047)
USD
2,074,307
SEK
18,850,305
Barclays Bank PLC
3/2026
(13,768)
USD
17,432,467
SGD
22,107,000
Bank of America NA
3/2026
(44,804)
USD
119,556
SGD
151,000
Bank of America NA
3/2026
179
USD
160,392
SGD
204,000
Barclays Bank PLC
3/2026
(886)
USD
86,327
SGD
109,002
Bank of America NA
4/2026
(56)
USD
52,505
SGD
66,338
Bank of America NA
4/2026
(67)
USD
17,646,919
SGD
22,239,371
JPMorgan Chase Bank NA
4/2026
22,446
USD
505,222
THB
15,681,750
Goldman Sachs Bank USA
3/2026
662
USD
700,000
THB
22,147,160
Goldman Sachs Bank USA
3/2026
(12,714)
USD
850,000
THB
26,476,395
Goldman Sachs Bank USA
3/2026
(2,571)
USD
320,000
THB
9,977,056
Goldman Sachs Bank USA
3/2026
(1,476)
USD
330,000
THB
10,249,602
Goldman Sachs Bank USA
3/2026
(466)
USD
407,056
THB
12,709,294
Bank of America NA
4/2026
(3,468)
USD
942,074
THB
29,128,917
Citibank NA
5/2026
(974)
USD
758,466
TWD
23,826,529
BNP Paribas SA
3/2026
(1,163)
USD
763,165
TWD
23,900,024
Bank of America NA
3/2026
1,192
USD
1,544,312
TWD
47,960,153
BNP Paribas SA
3/2026
13,626
USD
1,674,746
TWD
52,126,475
Citibank NA
3/2026
11,089
USD
359,000
TWD
11,358,042
Deutsche Bank AG
3/2026
(3,501)
USD
318,674
TWD
9,984,867
BNP Paribas SA
3/2026
(114)
USD
3,038
TWD
95,176
Citibank NA
3/2026
(1)
USD
38,288
TWD
1,198,912
JPMorgan Chase Bank NA
3/2026
10
USD
170,000
TWD
5,331,302
Bank of America NA
3/2026
(310)
USD
430,000
TWD
13,469,119
Citibank NA
4/2026
(456)
USD
546,876
ZAR
8,712,000
Citibank NA
3/2026
(231)
USD
404,238
ZAR
6,524,000
Bank of America NA
3/2026
(4,890)
USD
19,126,472
ZAR
309,472,438
Barclays Bank PLC
3/2026
(280,913)
USD
12,129,204
ZAR
195,128,569
Barclays Bank PLC
3/2026
(107,541)
USD
175,335
ZAR
2,821,695
Canadian Imperial Bank of Commerce
3/2026
(1,617)
USD
394,996
ZAR
7,000,000
JPMorgan Chase Bank NA
6/2026
(41,235)
ZAR
2,556,912
USD
160,000
HSBC Bank PLC
3/2026
572
ZAR
8,712,000
USD
546,166
Citibank NA
3/2026
174
ZAR
21,749,213
USD
1,310,000
BNP Paribas SA
8/2026
39,167
ZAR
11,931,695
USD
670,000
Citibank NA
8/2026
70,158
 
 
 
 
 
 
 
TOTAL FORWARD FOREIGN CURRENCY CONTRACTS
 
53,086
Unrealized Appreciation
 
 
5,554,463
Unrealized Depreciation
 
 
(5,501,377)
 
 Credit Default Swaps
Underlying Reference
Rating(2)
Maturity
Date
Clearinghouse /
Counterparty(4)
Fixed
Payment
Received/
(Paid)
Payment
Frequency
Notional
Amount(3)(1)
Value ($)(2)
Upfront
Premium
Received/
(Paid) ($)(5)
Unrealized
Appreciation/
(Depreciation) ($)
Buy Protection
 
 
 
 
 
 
 
 
 
 
5Y CDX NA IG Series 45 Index
 
12/2030
ICE
(1%)
Quarterly
 
157,410,000
102,804
0
102,804
 
 
 
 
 
 
 
 
 
 
 
Sell Protection
 
 
 
 
 
 
 
 
 
 
SoftBank Group Corp 2.84% 12/14/2029
Ba2
6/2026
Goldman Sachs International
1%
Quarterly
 
100,000
(2)
148
146
Kingdom of Saudi Arabia 4.75% 1/16/2030
Aa3
6/2035
JPMorgan Chase Bank NA
1%
Quarterly
 
2,800,000
(34,064)
(21,685)
(55,749)
iTraxx Crossover Series 44 Index
NR
12/2030
JPMorgan Chase Bank NA
5%
Quarterly
EUR
10,830,000
2,569,095
(2,371,468)
197,627
iTraxx Crossover Series 44 Index
NR
12/2030
Bank of America NA
5%
Quarterly
EUR
3,220,000
763,849
(681,120)
82,729
Kingdom of Saudi Arabia 4.75% 1/16/2030
Aa3
12/2035
Barclays Bank PLC
1%
Quarterly
 
1,300,000
(18,478)
151
(18,327)
iTraxx Crossover Series 44 Index
NR
12/2030
BNP Paribas SA
5%
Quarterly
EUR
6,890,000
1,634,448
(1,506,986)
127,462
iTraxx Crossover Series 44 Index
NR
12/2030
Citibank NA
5%
Quarterly
EUR
4,831,400
1,146,106
(1,061,031)
85,075
Petroleos Mexicanos 6.625% 6/15/2035
B1
12/2026
Citibank NA
1%
Quarterly
 
100,000
(514)
599
85
5Y CDX NA HY Series 43 Index
NR
12/2029
ICE
5%
Quarterly
 
851,400
5,150
0
5,150
5Y CDX NA IG Series 44 Index
NR
6/2030
ICE
1%
Quarterly
 
3,500,000
(7,983)
0
(7,983)
5Y CDX NA HY Series 45 Index
NR
12/2030
ICE
5%
Quarterly
 
5,445,000
(4,189)
0
(4,189)
 
 
 
 
 
 
 
 
 
 
 
TOTAL SELL PROTECTION
 
 
 
 
 
 
 
6,053,418
(5,641,392)
412,026
TOTAL CREDIT DEFAULT SWAPS
 
 
 
 
 
 
 
6,156,222
(5,641,392)
514,830
 
(1)Notional amount is stated in U.S. Dollars unless otherwise noted.
 
(2)Ratings are presented for credit default swaps in which the Fund has sold protection on the underlying referenced debt. Ratings for an underlying index represent a weighted average of the ratings of all securities included in the index. The credit rating or value can be measures of the current payment/performance risk. Ratings are from Moody's Investors Service, Inc. Where Moody's® ratings are not available, S&P® ratings are disclosed and are indicated as such. All ratings are as of the report date and do not reflect subsequent changes.
 
(3)The notional amount of each credit default swap where the Fund has sold protection approximates the maximum potential amount of future payments that the Fund could be required to make if a credit event were to occur.
 
(4)Swaps with Intercontinental Exchange (ICE) are centrally cleared swaps.
 
(5)Any premiums for centrally cleared swaps are recorded periodically throughout the term of the swap to variation margin and included in unrealized appreciation (depreciation).
 
 
 Interest Rate Swaps
Payment Received
Payment
Frequency
Payment Paid
Payment
Frequency
Clearinghouse /
Counterparty(1)
Maturity
Date
Notional
Amount(4)
Value ($)
 
Upfront
Premium
Received/
(Paid) ($)(2)
Unrealized
Appreciation/
(Depreciation) ($)
 
4.5%
Semi-Annual
6M BBSW(3)
Semi-Annual
LCH
9/2033
AUD
25,470,000
(353,320)
0
(353,320)
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
12/2029
 
104,600,000
(1,285,620)
0
(1,285,620)
U.S. SOFR Index(3)
Annual
3.5%
Annual
CME
12/2054
 
17,310,000
266,619
0
266,619
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
12/2034
 
61,510,000
(1,099,607)
0
(1,099,607)
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
12/2044
 
260,000
18,899
0
18,899
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
12/2026
 
11,690,000
111,512
0
111,512
3.481%
Annual
U.S. SOFR Index(3)
Annual
LCH
10/2034
 
900,000
1,706
0
1,706
3.465%
Annual
U.S. SOFR Index(3)
Annual
LCH
10/2034
 
200,000
139
0
139
6M WIBID(3)
Semi-Annual
4.93%
Annual
CME
7/2029
PLN
3,400,000
(60,305)
0
(60,305)
3.515%
Annual
U.S. SOFR Index(3)
Annual
LCH
11/2034
 
1,600,000
7,007
0
7,007
3.865%
Annual
U.S. SOFR Index(3)
Annual
LCH
11/2034
 
2,000,000
61,359
0
61,359
U.S. SOFR Index(3)
Annual
3.25%
Annual
CME
3/2032
 
24,960,000
(1,079,590)
0
(1,079,590)
U.S. SOFR Index(3)
Annual
3%
Annual
CME
3/2027
 
11,680,000
(51,201)
0
(51,201)
U.S. SOFR Index(3)
Annual
3.25%
Annual
CME
3/2055
 
30,710,000
(169,812)
0
(169,812)
U.S. SOFR Index(3)
Annual
3.25%
Annual
CME
3/2035
 
19,940,000
(864,718)
0
(864,718)
6M EURIBOR(3)
Semi-Annual
2.4%
Annual
LCH
2/2035
EUR
400,000
7,340
0
7,340
U.S. SOFR Index(3)
Annual
3.75157%
Annual
CME
11/2048
 
7,030,000
(243,352)
0
(243,352)
U.S. SOFR Index(3)
Annual
4%
Annual
LCH
2/2035
 
650,000
(26,556)
0
(26,556)
U.S. SOFR Index(3)
Annual
3.89%
Annual
LCH
3/2035
 
350,000
(11,300)
0
(11,300)
U.S. SOFR Index(3)
Annual
3.9075%
Annual
LCH
3/2035
 
800,000
(26,916)
0
(26,916)
U.S. SOFR Index(3)
Annual
3.87%
Annual
LCH
3/2035
 
800,000
(24,585)
0
(24,585)
2.42%
Annual
6M EURIBOR(3)
Semi-Annual
LCH
3/2035
EUR
500,000
(8,480)
0
(8,480)
U.S. SOFR Index(3)
Annual
3.905%
Annual
LCH
3/2035
 
700,000
(23,386)
0
(23,386)
2.46%
Annual
6M EURIBOR(3)
Semi-Annual
LCH
3/2035
EUR
500,000
(6,896)
0
(6,896)
3.5%
Annual
U.S. SOFR Index(3)
Annual
LCH
9/2055
 
18,960,000
280,741
0
280,741
U.S. SOFR Index(3)
Annual
3.75%
Annual
LCH
9/2035
 
36,400,000
(712,804)
0
(712,804)
U.S. SOFR Index(3)
Annual
3.93%
Annual
LCH
3/2035
 
2,200,000
(77,611)
0
(77,611)
2.61%
Annual
6M EURIBOR(3)
Semi-Annual
LCH
3/2035
EUR
400,000
(308)
0
(308)
U.S. SOFR Index(3)
Annual
3.884%
Annual
LCH
3/2035
 
700,000
(22,180)
0
(22,180)
US CPI Urban Consumer NSA Index(3)
At Maturity
2.5025%
At Maturity
LCH
3/2030
 
14,780,000
(81,785)
0
(81,785)
US CPI Urban Consumer NSA Index(3)
At Maturity
2.515%
At Maturity
LCH
3/2030
 
20,100,000
(127,170)
0
(127,170)
2.52%
Annual
6M EURIBOR(3)
Semi-Annual
LCH
3/2035
EUR
400,000
(3,418)
0
(3,418)
6M EURIBOR(3)
Semi-Annual
2.4%
Annual
LCH
4/2030
EUR
1,800,000
(8,454)
0
(8,454)
6M EURIBOR(3)
Semi-Annual
2.51%
Annual
LCH
4/2035
EUR
300,000
3,007
0
3,007
6M EURIBOR(3)
Semi-Annual
2.55%
Annual
LCH
4/2035
EUR
300,000
2,003
0
2,003
6M EURIBOR(3)
Semi-Annual
2.35%
Annual
LCH
4/2030
EUR
900,000
(2,362)
0
(2,362)
6M EURIBOR(3)
Semi-Annual
2.45%
Annual
LCH
5/2035
EUR
200,000
3,280
0
3,280
3.75%
Annual
U.S. SOFR Index(3)
Annual
LCH
5/2035
 
2,500,000
52,123
0
52,123
4.5%
Semi-Annual
6M BBSW(3)
Semi-Annual
LCH
6/2035
AUD
12,800,000
(368,824)
0
(368,824)
13.32%
At Maturity
Brazil CETIP Interbank Deposit Overnight  Rate(3)
At Maturity
CME
1/2029
BRL
2,200,000
2,628
0
2,628
13.9271%
At Maturity
Brazil CETIP Interbank Deposit Overnight  Rate(3)
At Maturity
CME
1/2027
BRL
37,800,000
(9,442)
0
(9,442)
13.9255%
At Maturity
Brazil CETIP Interbank Deposit Overnight  Rate(3)
At Maturity
CME
1/2027
BRL
4,000,000
(988)
0
(988)
13.2914%
At Maturity
Brazil CETIP Interbank Deposit Overnight  Rate(3)
At Maturity
CME
1/2029
BRL
28,300,000
30,822
0
30,822
14.0087%
At Maturity
Brazil CETIP Interbank Deposit Overnight  Rate(3)
At Maturity
CME
1/2027
BRL
7,800,000
(349)
0
(349)
4.04638%
Annual
U.S. SOFR Index(3)
Annual
LCH
11/2052
 
7,100,000
158,584
0
158,584
4.053542%
Annual
U.S. SOFR Index(3)
Annual
LCH
11/2052
 
7,390,000
173,918
0
173,918
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
9/2035
 
63,980,000
(1,589,980)
0
(1,589,980)
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
9/2032
 
16,920,000
(86,375)
0
(86,375)
3.75%
Annual
U.S. SOFR Index(3)
Annual
CME
9/2030
 
1,200,000
17,767
0
17,767
3.75%
Annual
SONIA(3)
Annual
LCH
9/2030
GBP
79,200,000
1,523,352
0
1,523,352
2.5%
Annual
6M EURIBOR(3)
Semi-Annual
LCH
3/2031
EUR
270,000
958
0
958
3M JIBAR(3)
Quarterly
7.205%
Quarterly
CME
2/2031
ZAR
53,560,000
(27,471)
0
(27,471)
SONIA(3)
Annual
4.5%
Annual
LCH
9/2055
GBP
4,800,000
(348,554)
0
(348,554)
4%
Annual
SONIA(3)
Annual
LCH
9/2035
GBP
9,500,000
424,720
0
424,720
13.245%
At Maturity
Brazil CETIP Interbank Deposit Rate(3)
At Maturity
CME
1/2029
BRL
88,000,000
123,652
0
123,652
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
12/2032
 
14,100,000
23,803
0
23,803
U.S. SOFR Index(3)
Annual
3.75%
Annual
CME
12/2030
 
47,290,000
(165,118)
0
(165,118)
6M WIBID(3)
Semi-Annual
4.136%
Annual
CME
7/2029
PLN
7,100,000
(46,353)
0
(46,353)
3.5%
Annual
U.S. SOFR Index(3)
Annual
CME
12/2027
 
145,590,000
95,742
0
95,742
3.75%
Annual
U.S. SOFR Index(3)
Annual
CME
12/2035
 
13,290,000
172,697
0
172,697
3.75%
Annual
U.S. SOFR Index(3)
Annual
CME
12/2055
 
1,540,000
26,211
0
26,211
3.15%
At Maturity
U.S. SOFR Index(3)
At Maturity
LCH
8/2028
 
10,800,000
34,148
0
34,148
U.S. SOFR Index(3)
Annual
4.11%
Annual
LCH
8/2057
 
3,300,000
(54,040)
0
(54,040)
US CPI Urban Consumer NSA Index(3)
At Maturity
2.48%
At Maturity
LCH
10/2035
 
10,000,000
(88,436)
0
(88,436)
US CPI Urban Consumer NSA Index(3)
At Maturity
2.42375%
At Maturity
LCH
10/2055
 
6,800,000
(50,139)
0
(50,139)
US CPI Urban Consumer NSA Index(3)
At Maturity
2.4825%
At Maturity
LCH
11/2033
 
17,200,000
(142,161)
0
(142,161)
2.5%
Annual
TONAR(3)
Annual
LCH
12/2055
JPY
1,760,000,000
463,801
0
463,801
6M WIBID(3)
Semi-Annual
4.685%
Annual
CME
12/2035
PLN
800,000
(734)
0
(734)
4.485%
Semi-Annual
6M PRIBOR(3)
Semi-Annual
CME
12/2035
CZK
4,400,000
2,529
0
2,529
6M WIBID(3)
Semi-Annual
4.7225%
Annual
CME
12/2035
PLN
5,100,000
(7,935)
0
(7,935)
4.5225%
Annual
6M PRIBOR(3)
Semi-Annual
CME
12/2035
CZK
28,380,000
19,626
0
19,626
U.S. SOFR Index(3)
Annual
3.64%
Annual
LCH
8/2035
 
30,100,000
(610,140)
0
(610,140)
12.975%
At Maturity
Brazil CETIP Interbank Deposit Rate(3)
At Maturity
CME
1/2029
BRL
81,800,000
79,067
0
79,067
4.53%
Semi-Annual
6M PRIBOR(3)
Semi-Annual
CME
12/2035
CZK
2,200,000
1,404
0
1,404
6M WIBID(3)
Semi-Annual
4.73%
Annual
CME
12/2035
PLN
400,000
(488)
0
(488)
U.S. SOFR Index(3)
Annual
4%
Annual
CME
3/2036
 
13,900,000
(304,751)
0
(304,751)
3.75%
Annual
U.S. SOFR Index(3)
Annual
CME
3/2031
 
25,600,000
254,907
0
254,907
U.S. SOFR Index(3)
Annual
3.22%
Annual
LCH
12/2027
 
143,900,000
(147,280)
0
(147,280)
U.S. SOFR Index(3)
Annual
4.01%
Annual
LCH
11/2053
 
3,700,000
(162,189)
0
(162,189)
4%
Annual
U.S. SOFR Index(3)
Annual
CME
3/2056
 
3,550,000
204,864
0
204,864
12.81%
At Maturity
Brazil CETIP Interbank Deposit Rate(3)
At Maturity
CME
1/2029
BRL
53,200,000
32,213
0
32,213
12.985%
At Maturity
Brazil CETIP Interbank Deposit Rate(3)
At Maturity
CME
1/2031
BRL
39,800,000
18,230
0
18,230
2.5%
Annual
6M EURIBOR(3)
Semi-Annual
LCH
9/2031
EUR
100,000
560
0
560
U.S. SOFR Index(3)
Annual
3.775%
Annual
LCH
3/2036
 
2,600,000
(53,495)
0
(53,495)
TOTAL INTEREST RATE SWAPS
 
 
 
 
 
 
 
(5,935,040)
0
(5,935,040)
 
 
 
 
 
 
 
 
 
 
 
(1)Swaps with CME Group (CME) and LCH Clearnet Group (LCH) are centrally cleared swaps.
 
(2)Any premiums for centrally cleared swaps are recorded periodically throughout the term of the swap to variation margin and included in unrealized appreciation (depreciation).
 
(3)Represents floating rate.
 
(4)Notional amount is stated in U.S. Dollars unless otherwise noted.
 
 Total Return Swaps
Underlying Reference
Pay/
Receive
Reference
Reference
Payment
Frequency
Financing
Rate
Financing
Frequency
Counterparty
Maturity
Date
Units
Notional
Amount
 
Value ($)
 
Upfront
Premium
Received/
(Paid) ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
S&P 500 Index
Receives
Monthly
U.s. Sofr Index plus 55 basis points
Monthly
Royal Bank of Canada
4/2026
1,078
 
16,645,564
(181,205)
0
(181,205)
S&P 500 Index
Receives
At Maturity
U.s. Sofr Index plus 52 basis points
At Maturity
Goldman Sachs International
3/2026
6,733
 
103,127,691
(216,707)
0
(216,707)
S&P 500 Index
Receives
At Maturity
U.s. Sofr Index plus 38 basis points
At Maturity
BNP Paribas SA
3/2026
1,057
 
16,331,703
(162,086)
0
(162,086)
S&P 500 Index
Receives
Monthly
U.s. Sofr Index plus 44 basis points
Monthly
JPMorgan Chase Bank NA
4/2026
30,580
 
468,584,373
(411,979)
0
(411,979)
S&P 500 Index
Receives
At Maturity
U.s. Sofr Index plus 39 basis points
At Maturity
Canadian Imperial Bank of Commerce
3/2026
3,750
 
58,020,233
(562,751)
0
(562,751)
TOTAL RETURN SWAPS
 
 
 
 
 
 
 
 
 
(1,534,728)
0
(1,534,728)
Currency Abbreviations
         AUD
-
Australian Dollar
         BRL
-
Brazilian Real
         CAD
-
Canadian Dollar
         CHF
-
Swiss Franc
         CLP
-
Chilean Peso
         CNY
-
Chinese (Peoples Rep) Yuan
         COP
-
Colombian Peso
         CZK
-
Czech Koruna
         EUR
-
European Monetary Unit (Euro)
         GBP
-
British Pound Sterling
         HUF
-
Hungarian Forint
         IDR
-
Indonesian Rupiah
         ILS
-
Israeli Shekel
         INR
-
Indian Rupee
         JPY
-
Japanese Yen
         KRW
-
Korean Won
         KZT
-
Kazakhstan Tenge
         MXN
-
Mexican Peso
         MYR
-
Malaysian Ringgit
         NOK
-
Norwegian Krone
         NZD
-
New Zealand Dollar
         PEN
-
Peruvian New Sol
         PHP
-
Philippines
         PLN
-
Polish Zloty
         SEK
-
Swedish Krona
         SGD
-
Singapore Dollar
         THB
-
Thai Baht
         TRY
-
New Turkish Lira
         TWD
-
Taiwan Dollar
         USD
-
United States Dollar
         ZAR
-
South African Rand
 
Security Type Abbreviations
ETF
-
EXCHANGE-TRADED FUND
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Represents a forward settling transaction and therefore no collateral securities had been allocated as of period end. The agreement contemplated the delivery of U.S. Treasury Obligations as collateral on settlement date.
 
(c)
Security or a portion of the security is pledged as collateral for options written. At period end, the value of securities pledged amounted to $99,960,100.
 
(d)
Affiliated fund.
 
(e)
Security or a portion of the security is on loan at period end.
 
(f)
Non-income producing.
 
(g)
Level 3 security.
 
(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 $60,409,280 or 0.1% 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 $284,736,025 or 0.3% of net assets.
 
(j)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(k)
A portion of the security sold on a delayed delivery basis.
 
(l)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(m)
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
 
(n)
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.
 
(o)
Zero coupon bond which is issued at a discount.
 
(p)
Includes $32,827,722 of cash collateral to cover margin requirements for futures contracts.
 
(q)
Includes $22,382,000 of cash collateral segregated to cover margin requirements for centrally cleared swaps.
 
(r)
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.
 
(s)
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 $1,930,088.
 
(t)
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 $16,238,837.
 
(u)
Security or a portion of the security was pledged to cover margin requirements for centrally cleared swaps. At period end, the value of securities pledged amounted to $844,731.
 
(v)
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.
 
(w)
Investment made with cash collateral received from securities on loan.
 
(x)
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 $2,297,845.
 
* Repurchase Agreements
Counterparty
Lending Rate (%)
Settlement Date
Maturity Date
Repurchase Agreement
Value ($)
Repurchase Agreement Proceeds ($)
Collateralized By
Collateral Coupon (%)
Collateral Maturity Date
Collateral Value Received ($)
BofA Securities, Inc.
3.73
2/2026
3/2026
213,300,000
2,133,663,301
U.S. Treasuries (including strips)
4.125
 11/2029
217,951,182
Total Repurchase Agreements
 
 
 
213,300,000
2,133,663,301
 
 
 
217,951,182
 
 
 
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
40,571,773
322,018,116
330,846,525
977,072
708
-
31,744,072
31,737,725
0.0%
Fidelity Securities Lending Cash Central Fund
995,132,029
4,492,300,071
4,541,113,540
1,877,508
(16,505)
-
946,302,055
946,207,434
2.6%
Total
1,035,703,802
4,814,318,187
4,871,960,065
2,854,580
(15,797)
-
978,046,127
 
 
 
 
 
 
 
 
 
 
 
 
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
104,966,204
698,864,044
-
2,434,924
-
3,242,621
807,072,869
3,099,120
Fidelity Extended Market Index Fund
2,328,152,049
11,055,117
890,910,818
11,055,116
117,363,296
241,238,196
1,806,897,840
17,343,999
Fidelity Growth Company Fund
3,448,208,019
209,538,165
-
209,538,165
-
831,238,766
4,488,984,950
92,499,175
Fidelity Mid Cap Index Fund
3,035,349
36,275
-
36,276
-
483,101
3,554,725
89,948
Fidelity SAI Inflation-Focused Fund
1,185
87
-
87
-
233
1,505
15
Fidelity SAI Real Estate Index Fund
2,275,090
70,091
-
70,090
-
151,547
2,496,728
458,957
Fidelity SAI Small-Mid Cap 500 Index Fund
-
498,193,292
-
-
-
28,207,434
526,400,726
103,622,190
Fidelity SAI U.S. Large Cap Index Fund
1,436,782,664
1,330,201,648
1,709,990,673
6,412,398
59,604,919
158,454,486
1,275,053,044
46,500,840
Fidelity SAI U.S. Low Volatility Index Fund
356,160,722
178,775,542
-
23,034,227
-
27,140,411
562,076,675
23,706,313
Fidelity SAI U.S. Momentum Index Fund
434,556,084
1,371,768,941
-
27,921,995
-
29,554,343
1,835,879,368
94,584,202
Fidelity SAI U.S. Quality Index Fund
2,777,181,933
278,112,225
-
117,754,370
-
219,164,049
3,274,458,207
139,457,334
Fidelity Small Cap Growth Fund Class Z
556,977,809
39,768,787
-
39,768,787
-
98,576,350
695,322,946
18,696,503
 
11,448,297,108
4,616,384,214
2,600,901,491
438,026,435
176,968,215
1,637,451,537
15,278,199,583
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Commercial Paper, U.S. Treasury Obligations, Foreign Government and Government Agency Obligations and Non-Convertible Corporate Bonds are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset-Backed Securities, Collateralized Mortgage Obligations, Commercial Mortgage Securities and U.S. Government Agency - Mortgage Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. For foreign debt securities, when significant market or security specific events arise, valuations may be determined in good faith in accordance with procedures adopted by the Board. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Swaps are marked-to-market daily based on valuations from third party pricing services, registered derivatives clearing organizations (clearinghouses) or broker-supplied valuations. These pricing sources may utilize inputs such as movements in the underlying index  interest rate curves, credit spread curves, default possibilities and recovery rates. When independent prices are unavailable or unreliable, swaps may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Swaps are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.
 
The U.S. dollar value of forward foreign currency contracts is determined using currency exchange rates supplied by a pricing service and are categorized as Level 2 in the hierarchy.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
 
Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy.
 
Options traded over-the-counter are valued using service or broker-supplied valuations and are categorized as Level 2 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated open-end mutual fund's NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.
 
Short-term securities with remaining maturities of sixty days or less may be valued at amortized cost, which approximates fair value, and are categorized as Level 2 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Credit Risk - Credit risk relates to the ability of the issuer of a financial instrument to make further principal or interest payments on an obligation or commitment that it has to the Fund.
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Foreign Exchange Risk - Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates.
 
Interest Rate Risk - Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates.
 
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. 
 
Derivative counterparty credit risk is managed through formal evaluation of the creditworthiness of all potential counterparties. On certain OTC derivatives, the Fund attempts to reduce its exposure to counterparty credit risk by entering into an International Swaps and Derivatives Association, Inc. (ISDA) Master Agreement with each of its counterparties. The ISDA Master Agreement gives the Fund the right to terminate all transactions traded under such agreement upon the deterioration in the credit quality of the counterparty beyond specified levels. The ISDA Master Agreement gives each party the right, upon an event of default by the other party or a termination of the agreement, to close out all transactions traded under such agreement and to net the amounts owed under each transaction to one net payable by one party to the other. To mitigate counterparty credit risk on bi-lateral OTC derivatives, the Fund receives collateral in the form of cash or securities once the Fund's net unrealized appreciation on outstanding derivative contracts under an ISDA Master Agreement exceeds certain applicable thresholds, subject to certain minimum transfer provisions. The collateral received is held in segregated accounts with the Fund's custodian bank in accordance with the collateral agreements entered into between the Fund, the counterparty and the Fund's custodian bank. The Fund could experience delays and costs in gaining access to the collateral even though it is held by the Fund's custodian bank. The Fund's maximum risk of loss from counterparty credit risk related to bi-lateral OTC derivatives is generally the aggregate unrealized appreciation and unpaid counterparty payments in excess of any collateral pledged by the counterparty to the Fund. For OTC written options with upfront premiums received, the Fund is obligated to perform and therefore does not have counterparty risk. For OTC written options with premiums to be received at a future date, the maximum risk of loss from counterparty credit risk is the amount of the premium in excess of any collateral pledged by the counterparty. The Fund may be required to pledge collateral for the benefit of the counterparties on bi-lateral OTC derivatives in an amount not less than each counterparty's unrealized appreciation on outstanding derivative contracts, subject to certain minimum transfer provisions, and any such pledged collateral is identified in the Schedule of Investments. Exchange-traded contracts are not covered by the ISDA Master Agreement; however counterparty credit risk related to these contracts may be mitigated by the protection provided by the exchange on which they trade. Counterparty credit risk related to centrally cleared swaps may be mitigated by the protection provided by the clearinghouse.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Forward Foreign Currency Contracts: Forward foreign currency contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into.  
 
The Fund used forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage exposure to certain foreign currencies.
 
Open forward foreign currency contracts at period end are presented in the Schedule of Investments under the caption "Forward Foreign Currency Contracts." The contract amount and unrealized appreciation (depreciation) reflects each contract's exposure to the underlying currency at period end.
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
The Fund used futures contracts to manage its exposure to the bond market and fluctuations in interest rates.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
Options: Options give the purchaser the right, but not the obligation, to buy (call) or sell (put) an underlying security or financial instrument at an agreed exercise or strike price between or on certain dates. Options obligate the seller (writer) to buy (put) or sell (call) an underlying instrument at the exercise or strike price or cash settle an underlying derivative instrument if the holder exercises the option on or before the expiration date.
 
The Fund used exchange-traded options to manage its exposure to the stock market.
 
The Fund used OTC options, such as swaptions, which are options where the underlying instrument is a swap, to manage its exposure to fluctuations in interest rates and/or potential credit events.
 
Open options at period end are presented in the Schedule of Investments under the captions "Purchased Options," "Purchased Swaptions," "Written Options" and "Written Swaptions." Writing puts and buying calls tend to increase exposure to the underlying instrument while buying puts and writing calls tend to decrease exposure to the underlying instrument. For purchased options, risk of loss is limited to the premium paid, and for written options, risk of loss is the change in value in excess of the premium received.
 
Swaps: A swap is a contract between two parties to exchange future cash flows at periodic intervals based on a notional principal amount.
 
A centrally cleared swap is a transaction executed between a fund and a dealer counterparty, then cleared by a futures commission merchant (FCM) through a clearinghouse. Once cleared, the clearinghouse serves as a central counterparty, with whom a fund exchanges cash flows for the life of the transaction, similar to transactions in futures contracts.
 
A bi-lateral OTC swap is a transaction between a fund and a dealer counterparty where cash flows are exchanged between the two parties for the life of the swap.
 
Credit Default Swaps: Credit default swaps enable the Fund to buy or sell protection against specified credit events on a single-name issuer or a traded credit index. Under the terms of a credit default swap the buyer of protection (buyer) receives credit protection in exchange for making periodic payments to the seller of protection (seller) based on a fixed percentage applied to a notional principal amount. In return for these payments, the seller will be required to make a payment upon the occurrence of one or more specified credit events. The Fund enters into credit default swaps as a seller to gain credit exposure to an issuer and/or as a buyer to obtain a measure of protection against defaults of an issuer. Periodic payments are made over the life of the contract by the buyer provided that no credit event occurs. For credit default swaps on most corporate and sovereign issuers, credit events include bankruptcy, failure to pay or repudiation/moratorium. For credit default swaps on corporate or sovereign issuers, the obligation that may be put to the seller is not limited to the specific reference obligation described in the Schedule of Investments. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down. For credit default swaps on asset-backed securities, the reference obligation described represents the security that may be put to the seller. For credit default swaps on a traded credit index, a specified credit event may affect all or individual underlying securities included in the index. Typically, the value of each credit default swap and credit rating disclosed for each reference obligation in the Schedule of Investments, where the Fund is the seller, can be used as measures of the current payment/performance risk of the swap. As the value of the swap changes as a positive or negative percentage of the total notional amount, the payment/performance risk may decrease or increase, respectively. In addition to these measures, FMR monitors a variety of factors including cash flow assumptions, market activity and market sentiment as part of its ongoing process of assessing payment/ performance risk.
 
Interest Rate Swaps: Interest rate swaps are agreements between counterparties to exchange cash flows, one based on a fixed rate, and the other on a floating rate. The Fund entered into interest rate swaps to manage its exposure to interest rate changes. Changes in interest rates can have an effect on both the value of bond holdings as well as the amount of interest income earned. In general, the value of bonds can fall when interest rates rise and can rise when interest rates fall.
 
Total Return Swaps: Total return swaps are agreements between counterparties to exchange cash flows, one based on a market-linked return of an individual asset or a basket of assets (i.e., an index), and the other on a fixed or floating rate. To the extent the total return of the instrument or index underlying the transaction exceeds or falls short of the offsetting payment obligation, the Fund will receive a payment from or make a payment to the counterparty. The Fund entered into total return swaps to manage its commodities market exposure.
 
Open swaps at period end are included in the Schedule of Investments under the caption Credit Default Swaps, Interest Rate Swaps and/or Total Return Swaps, as applicable.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual 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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