N-CSRS 1 filing788.htm PRIMARY DOCUMENT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES


Investment Company Act file number   811-5251


Fidelity Concord Street Trust

(Exact name of registrant as specified in charter)


245 Summer St., Boston, MA 02210

(Address of principal executive offices)       (Zip code)


William C. Coffey, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

February 28


Date of reporting period:

August 31, 2018


Item 1.

Reports to Stockholders





Fidelity® 500 Index Fund
Institutional Class and Institutional Premium Class



Semi-Annual Report

August 31, 2018



Fidelity Investments


Contents

Note to shareholders

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2018 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Note to shareholders:

In July, the Board of Trustees approved a proposal to consolidate the Fund’s share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity 500 Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .015% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Apple, Inc. 4.5 
Microsoft Corp. 3.5 
Amazon.com, Inc. 3.3 
Facebook, Inc. Class A 1.7 
Berkshire Hathaway, Inc. Class B 1.6 
JPMorgan Chase & Co. 1.6 
Alphabet, Inc. Class C 1.5 
Alphabet, Inc. Class A 1.5 
Johnson & Johnson 1.5 
Exxon Mobil Corp. 1.4 
 22.1 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 26.4 
Health Care 14.6 
Financials 13.8 
Consumer Discretionary 12.9 
Industrials 9.6 
Consumer Staples 6.7 
Energy 5.8 
Utilities 2.8 
Real Estate 2.7 
Materials 2.5 

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.7%   
 Shares Value (000s) 
CONSUMER DISCRETIONARY - 12.9%   
Auto Components - 0.2%   
Aptiv PLC 1,767,316 $155,541 
BorgWarner, Inc. 1,318,271 57,701 
The Goodyear Tire & Rubber Co. 1,600,841 36,323 
  249,565 
Automobiles - 0.4%   
Ford Motor Co. 26,126,356 247,678 
General Motors Co. 8,467,132 305,240 
Harley-Davidson, Inc. 1,110,956 47,349 
  600,267 
Distributors - 0.1%   
Genuine Parts Co. 979,466 97,800 
LKQ Corp. (a) 2,067,299 71,363 
  169,163 
Diversified Consumer Services - 0.0%   
H&R Block, Inc. 1,396,409 37,787 
Hotels, Restaurants & Leisure - 1.6%   
Carnival Corp. 2,709,827 166,627 
Chipotle Mexican Grill, Inc. (a) 163,255 77,576 
Darden Restaurants, Inc. 826,291 95,883 
Hilton Worldwide Holdings, Inc. 1,864,895 144,753 
Marriott International, Inc. Class A 1,981,241 250,568 
McDonald's Corp. 5,241,001 850,248 
MGM Mirage, Inc. 3,344,857 96,967 
Norwegian Cruise Line Holdings Ltd. (a) 1,379,801 73,971 
Royal Caribbean Cruises Ltd. 1,130,717 138,603 
Starbucks Corp. 9,211,404 492,350 
Wynn Resorts Ltd. 565,351 83,864 
Yum! Brands, Inc. 2,157,449 187,461 
  2,658,871 
Household Durables - 0.3%   
D.R. Horton, Inc. 2,292,488 102,039 
Garmin Ltd. 742,440 50,590 
Leggett & Platt, Inc. 876,219 39,815 
Lennar Corp. Class A 1,826,292 94,365 
Mohawk Industries, Inc. (a) 423,250 81,090 
Newell Brands, Inc. 3,242,013 70,417 
PulteGroup, Inc. 1,753,392 49,007 
Whirlpool Corp. 430,701 53,829 
  541,152 
Internet & Direct Marketing Retail - 4.4%   
Amazon.com, Inc. (a) 2,688,253 5,410,674 
Expedia, Inc. 806,776 105,284 
Netflix, Inc. (a) 2,901,546 1,066,840 
The Booking Holdings, Inc. (a) 321,563 627,546 
TripAdvisor, Inc. (a)(b) 715,281 38,847 
  7,249,191 
Leisure Products - 0.1%   
Hasbro, Inc. 758,897 75,366 
Mattel, Inc. (b) 2,296,288 35,432 
  110,798 
Media - 2.2%   
CBS Corp. Class B 2,279,361 120,852 
Charter Communications, Inc. Class A (a)(b) 1,236,339 383,760 
Comcast Corp. Class A 30,652,585 1,133,839 
Discovery Communications, Inc.:   
Class A (a)(b) 1,041,656 28,989 
Class C (non-vtg.) (a) 2,280,130 58,463 
DISH Network Corp. Class A (a) 1,528,191 54,022 
Interpublic Group of Companies, Inc. 2,573,319 60,087 
News Corp.:   
Class A 2,558,289 33,437 
Class B 812,833 11,055 
Omnicom Group, Inc. (b) 1,517,144 105,168 
The Walt Disney Co. 9,923,959 1,111,682 
Twenty-First Century Fox, Inc.:   
Class A 7,035,599 319,416 
Class B 2,931,535 131,626 
Viacom, Inc. Class B (non-vtg.) 2,356,076 68,986 
  3,621,382 
Multiline Retail - 0.5%   
Dollar General Corp. 1,696,633 182,778 
Dollar Tree, Inc. (a) 1,587,137 127,780 
Kohl's Corp. 1,122,969 88,838 
Macy's, Inc. 2,045,004 74,745 
Nordstrom, Inc. 784,038 49,277 
Target Corp. 3,558,639 311,381 
  834,799 
Specialty Retail - 2.3%   
Advance Auto Parts, Inc. 494,153 81,056 
AutoZone, Inc. (a) 177,967 136,479 
Best Buy Co., Inc. 1,637,069 130,245 
CarMax, Inc. (a)(b) 1,188,604 92,771 
Foot Locker, Inc. 788,417 38,869 
Gap, Inc. 1,448,348 43,957 
Home Depot, Inc. 7,699,824 1,545,894 
L Brands, Inc. 1,619,063 42,792 
Lowe's Companies, Inc. 5,486,792 596,689 
O'Reilly Automotive, Inc. (a) 546,756 183,393 
Ross Stores, Inc. 2,527,349 242,069 
Tiffany & Co., Inc. 680,025 83,405 
TJX Companies, Inc. 4,185,661 460,297 
Tractor Supply Co. 814,676 71,920 
Ulta Beauty, Inc. (a) 381,613 99,219 
  3,849,055 
Textiles, Apparel & Luxury Goods - 0.8%   
Hanesbrands, Inc. (b) 2,405,444 42,191 
Michael Kors Holdings Ltd. (a) 1,000,518 72,658 
NIKE, Inc. Class B 8,561,893 703,788 
PVH Corp. 514,356 73,635 
Ralph Lauren Corp. 371,614 49,354 
Tapestry, Inc. 1,921,165 97,384 
Under Armour, Inc.:   
Class A (sub. vtg.) (a)(b) 1,241,384 25,386 
Class C (non-vtg.) (a)(b) 1,257,215 23,849 
VF Corp. 2,185,373 201,338 
  1,289,583 
TOTAL CONSUMER DISCRETIONARY  21,211,613 
CONSUMER STAPLES - 6.7%   
Beverages - 1.7%   
Brown-Forman Corp. Class B (non-vtg.) 1,748,395 91,301 
Constellation Brands, Inc. Class A (sub. vtg.) 1,121,469 233,490 
Molson Coors Brewing Co. Class B 1,235,153 82,434 
Monster Beverage Corp. (a) 2,741,781 166,947 
PepsiCo, Inc. 9,464,042 1,060,067 
The Coca-Cola Co. 25,563,223 1,139,353 
  2,773,592 
Food & Staples Retailing - 1.5%   
Costco Wholesale Corp. 2,927,638 682,520 
Kroger Co. 5,425,664 170,908 
Sysco Corp. 3,199,352 239,376 
Walgreens Boots Alliance, Inc. 5,692,599 390,285 
Walmart, Inc. 9,656,720 925,693 
  2,408,782 
Food Products - 1.1%   
Archer Daniels Midland Co. 3,732,516 188,119 
Campbell Soup Co. (b) 1,284,294 50,665 
ConAgra Foods, Inc. 2,626,719 96,532 
General Mills, Inc. 3,957,499 182,085 
Hormel Foods Corp. (b) 1,802,646 70,574 
Kellogg Co. 1,666,935 119,669 
McCormick & Co., Inc. (non-vtg.) 809,567 101,099 
Mondelez International, Inc. 9,845,973 420,620 
The Hershey Co. 932,676 93,753 
The J.M. Smucker Co. 758,265 78,389 
The Kraft Heinz Co. 3,987,566 232,355 
Tyson Foods, Inc. Class A 1,986,461 124,770 
  1,758,630 
Household Products - 1.4%   
Church & Dwight Co., Inc. 1,633,367 92,416 
Clorox Co. 864,456 125,329 
Colgate-Palmolive Co. 5,822,680 386,684 
Kimberly-Clark Corp. 2,331,746 269,410 
Procter & Gamble Co. 16,784,771 1,392,297 
  2,266,136 
Personal Products - 0.1%   
Coty, Inc. Class A 3,156,164 39,010 
Estee Lauder Companies, Inc. Class A 1,495,098 209,493 
  248,503 
Tobacco - 0.9%   
Altria Group, Inc. 12,633,291 739,300 
Philip Morris International, Inc. 10,376,004 808,187 
  1,547,487 
TOTAL CONSUMER STAPLES  11,003,130 
ENERGY - 5.8%   
Energy Equipment & Services - 0.7%   
Baker Hughes, a GE Co. Class A 2,779,522 91,641 
Halliburton Co. 5,847,078 233,240 
Helmerich & Payne, Inc. 726,779 47,655 
National Oilwell Varco, Inc. 2,549,976 120,027 
Schlumberger Ltd. 9,245,665 583,956 
TechnipFMC PLC 2,897,044 88,736 
  1,165,255 
Oil, Gas & Consumable Fuels - 5.1%   
Anadarko Petroleum Corp. 3,438,176 221,419 
Andeavor 928,030 141,794 
Apache Corp. 2,550,850 111,804 
Cabot Oil & Gas Corp. 3,013,651 71,815 
Chevron Corp. 12,755,504 1,511,017 
Cimarex Energy Co. 636,988 53,813 
Concho Resources, Inc. (a) 1,268,795 174,015 
ConocoPhillips Co. 7,810,109 573,496 
Devon Energy Corp. 3,493,658 149,983 
EOG Resources, Inc. 3,863,858 456,824 
EQT Corp. 1,683,534 85,894 
Exxon Mobil Corp. 28,260,544 2,265,648 
Hess Corp. 1,747,809 117,697 
HollyFrontier Corp. 1,178,404 87,815 
Kinder Morgan, Inc. 12,663,817 224,150 
Marathon Oil Corp. 5,695,009 122,500 
Marathon Petroleum Corp. 3,083,011 253,701 
Newfield Exploration Co. (a) 1,333,157 36,369 
Noble Energy, Inc. 3,233,610 96,103 
Occidental Petroleum Corp. 5,111,463 408,253 
ONEOK, Inc. 2,743,904 180,851 
Phillips 66 Co. 2,801,418 331,996 
Pioneer Natural Resources Co. 1,137,589 198,737 
The Williams Companies, Inc. 7,913,563 234,162 
Valero Energy Corp. 2,876,375 339,067 
  8,448,923 
TOTAL ENERGY  9,614,178 
FINANCIALS - 13.8%   
Banks - 6.2%   
Bank of America Corp. 62,941,887 1,946,793 
BB&T Corp. 5,204,789 268,879 
Citigroup, Inc. 17,020,623 1,212,549 
Citizens Financial Group, Inc. 3,235,517 133,174 
Comerica, Inc. 1,147,641 111,872 
Fifth Third Bancorp 4,575,637 134,661 
Huntington Bancshares, Inc. 7,375,724 119,560 
JPMorgan Chase & Co. 22,726,647 2,604,019 
KeyCorp 7,086,527 149,313 
M&T Bank Corp. 969,438 171,736 
Peoples United Financial, Inc. 2,322,058 42,981 
PNC Financial Services Group, Inc. 3,133,873 449,836 
Regions Financial Corp. 7,496,941 145,890 
SunTrust Banks, Inc. 3,102,688 228,234 
SVB Financial Group (a) 353,597 114,123 
U.S. Bancorp 10,415,142 563,563 
Wells Fargo & Co. 29,273,482 1,711,913 
Zions Bancorporation 1,315,728 70,115 
  10,179,211 
Capital Markets - 2.9%   
Affiliated Managers Group, Inc. 362,549 52,965 
Ameriprise Financial, Inc. 965,282 137,031 
Bank of New York Mellon Corp. 6,746,191 351,814 
BlackRock, Inc. Class A 823,225 394,374 
Brighthouse Financial, Inc. (a) 799,476 33,186 
Cboe Global Markets, Inc. 750,863 75,687 
Charles Schwab Corp. 8,015,084 407,086 
CME Group, Inc. 2,272,881 397,140 
E*TRADE Financial Corp. (a) 1,761,582 103,687 
Franklin Resources, Inc. 2,127,452 67,525 
Goldman Sachs Group, Inc. 2,344,754 557,606 
IntercontinentalExchange, Inc. 3,866,306 294,729 
Invesco Ltd. 2,741,815 66,078 
Moody's Corp. 1,114,399 198,385 
Morgan Stanley 9,098,599 444,285 
MSCI, Inc. 594,229 107,116 
Northern Trust Corp. 1,411,690 151,700 
Raymond James Financial, Inc. 866,520 80,621 
S&P Global, Inc. 1,677,411 347,308 
State Street Corp. 2,439,074 211,980 
T. Rowe Price Group, Inc. 1,616,246 187,307 
The NASDAQ OMX Group, Inc. 780,141 74,457 
  4,742,067 
Consumer Finance - 0.7%   
American Express Co. 4,766,571 505,161 
Capital One Financial Corp. 3,246,911 321,736 
Discover Financial Services 2,329,397 181,972 
Synchrony Financial 4,735,673 149,979 
  1,158,848 
Diversified Financial Services - 1.7%   
Berkshire Hathaway, Inc. Class B (a) 12,847,382 2,681,506 
Jefferies Financial Group, Inc. 2,023,813 46,993 
  2,728,499 
Insurance - 2.3%   
AFLAC, Inc. 5,167,511 238,946 
Allstate Corp. 2,346,164 235,954 
American International Group, Inc. 5,991,971 318,593 
Aon PLC 1,632,107 237,569 
Arthur J. Gallagher & Co. 1,216,660 87,770 
Assurant, Inc. 353,741 36,372 
Chubb Ltd. 3,109,195 420,488 
Cincinnati Financial Corp. 997,053 76,444 
Everest Re Group Ltd. 273,539 61,005 
Hartford Financial Services Group, Inc. 2,390,553 120,412 
Lincoln National Corp. 1,459,853 95,737 
Loews Corp. 1,747,791 87,931 
Marsh & McLennan Companies, Inc. 3,386,746 286,620 
MetLife, Inc. 6,785,272 311,376 
Principal Financial Group, Inc. 1,777,795 98,117 
Progressive Corp. 3,887,318 262,511 
Prudential Financial, Inc. 2,803,471 275,441 
The Travelers Companies, Inc. 1,803,973 237,403 
Torchmark Corp. 704,926 61,977 
Unum Group 1,476,462 54,452 
Willis Group Holdings PLC 880,022 129,601 
XL Group Ltd. 1,724,049 98,943 
  3,833,662 
TOTAL FINANCIALS  22,642,287 
HEALTH CARE - 14.6%   
Biotechnology - 2.6%   
AbbVie, Inc. 10,115,716 970,906 
Alexion Pharmaceuticals, Inc. (a) 1,485,177 181,548 
Amgen, Inc. 4,445,502 888,256 
Biogen, Inc. (a) 1,408,464 497,878 
Celgene Corp. (a) 4,718,100 445,625 
Gilead Sciences, Inc. 8,679,150 657,272 
Incyte Corp. (a) 1,174,348 86,796 
Regeneron Pharmaceuticals, Inc. (a) 516,264 209,990 
Vertex Pharmaceuticals, Inc. (a) 1,700,972 313,659 
  4,251,930 
Health Care Equipment & Supplies - 3.1%   
Abbott Laboratories 11,702,406 782,189 
Abiomed, Inc. (a) 282,044 114,673 
Align Technology, Inc. (a) 481,495 186,093 
Baxter International, Inc. 3,288,384 244,557 
Becton, Dickinson & Co. 1,783,555 467,060 
Boston Scientific Corp. (a) 9,210,141 327,513 
Danaher Corp. 4,103,375 424,863 
Dentsply Sirona, Inc. 1,518,140 60,604 
Edwards Lifesciences Corp. (a) 1,406,936 202,936 
Hologic, Inc. (a) 1,822,331 72,456 
IDEXX Laboratories, Inc. (a) 579,804 147,293 
Intuitive Surgical, Inc. (a) 756,237 423,493 
Medtronic PLC 9,039,310 871,480 
ResMed, Inc. 952,767 106,148 
Stryker Corp. 2,145,264 363,472 
The Cooper Companies, Inc. 327,218 83,696 
Varian Medical Systems, Inc. (a) 610,789 68,421 
Zimmer Biomet Holdings, Inc. 1,356,820 167,744 
  5,114,691 
Health Care Providers & Services - 3.3%   
Aetna, Inc. 2,183,370 437,264 
AmerisourceBergen Corp. 1,085,710 97,681 
Anthem, Inc. 1,703,436 450,951 
Cardinal Health, Inc. 2,073,800 108,232 
Centene Corp. (a) 1,369,556 200,613 
Cigna Corp. 1,623,797 305,826 
CVS Health Corp. 6,786,041 510,582 
DaVita HealthCare Partners, Inc. (a) 931,820 64,566 
Envision Healthcare Corp. (a) 808,521 36,675 
Express Scripts Holding Co. (a) 3,749,449 330,027 
HCA Holdings, Inc. 1,865,239 250,147 
Henry Schein, Inc. (a)(b) 1,028,107 79,863 
Humana, Inc. 919,016 306,271 
Laboratory Corp. of America Holdings (a) 682,845 118,043 
McKesson Corp. 1,348,677 173,642 
Quest Diagnostics, Inc. 906,568 99,704 
UnitedHealth Group, Inc. 6,414,481 1,722,032 
Universal Health Services, Inc. Class B 581,713 75,716 
  5,367,835 
Health Care Technology - 0.1%   
Cerner Corp. (a) 2,104,093 136,997 
Life Sciences Tools & Services - 0.9%   
Agilent Technologies, Inc. 2,135,658 144,242 
Illumina, Inc. (a) 981,215 348,165 
Mettler-Toledo International, Inc. (a) 169,495 99,063 
PerkinElmer, Inc. 738,474 68,257 
Quintiles Transnational Holdings, Inc. (a) 1,080,347 137,301 
Thermo Fisher Scientific, Inc. 2,685,477 642,098 
Waters Corp. (a) 522,936 99,086 
  1,538,212 
Pharmaceuticals - 4.6%   
Allergan PLC 2,263,228 433,883 
Bristol-Myers Squibb Co. 10,910,426 660,626 
Eli Lilly & Co. 6,375,749 673,598 
Johnson & Johnson 17,903,161 2,411,377 
Merck & Co., Inc. 17,957,592 1,231,711 
Mylan NV (a) 3,440,726 134,636 
Nektar Therapeutics (a)(b) 1,075,451 71,507 
Perrigo Co. PLC 859,528 65,762 
Pfizer, Inc. 39,045,475 1,621,168 
Zoetis, Inc. Class A 3,229,764 292,617 
  7,596,885 
TOTAL HEALTH CARE  24,006,550 
INDUSTRIALS - 9.6%   
Aerospace & Defense - 2.6%   
Arconic, Inc. 2,836,126 63,472 
General Dynamics Corp. 1,843,887 356,608 
Harris Corp. 792,508 128,790 
Huntington Ingalls Industries, Inc. 297,035 72,616 
L3 Technologies, Inc. 523,843 111,956 
Lockheed Martin Corp. 1,658,120 531,278 
Northrop Grumman Corp. 1,164,001 347,443 
Raytheon Co. 1,917,374 382,401 
Rockwell Collins, Inc. 1,096,229 149,032 
Textron, Inc. 1,709,035 117,975 
The Boeing Co. 3,655,366 1,253,023 
TransDigm Group, Inc. (b) 325,469 113,914 
United Technologies Corp. 4,966,514 654,090 
  4,282,598 
Air Freight & Logistics - 0.7%   
C.H. Robinson Worldwide, Inc. 929,411 89,298 
Expeditors International of Washington, Inc. 1,165,977 85,443 
FedEx Corp. 1,640,950 400,310 
United Parcel Service, Inc. Class B 4,602,766 565,588 
  1,140,639 
Airlines - 0.5%   
Alaska Air Group, Inc. 822,746 55,527 
American Airlines Group, Inc. 2,781,150 112,581 
Delta Air Lines, Inc. 4,307,726 251,916 
Southwest Airlines Co. 3,560,533 218,261 
United Continental Holdings, Inc. (a) 1,573,116 137,522 
  775,807 
Building Products - 0.3%   
A.O. Smith Corp. 968,378 56,243 
Allegion PLC 633,844 55,284 
Fortune Brands Home & Security, Inc. 974,025 51,604 
Johnson Controls International PLC 6,182,346 233,507 
Masco Corp. 2,072,504 78,693 
  475,331 
Commercial Services & Supplies - 0.3%   
Cintas Corp. 577,008 123,116 
Copart, Inc. (a) 1,348,881 86,747 
Republic Services, Inc. 1,488,454 109,193 
Stericycle, Inc. (a) 571,221 35,239 
Waste Management, Inc. 2,655,207 241,358 
  595,653 
Construction & Engineering - 0.1%   
Fluor Corp. 938,408 53,874 
Jacobs Engineering Group, Inc. 804,485 58,478 
Quanta Services, Inc. (a) 998,632 34,543 
  146,895 
Electrical Equipment - 0.6%   
AMETEK, Inc. 1,545,773 118,963 
Eaton Corp. PLC 2,918,946 242,681 
Emerson Electric Co. 4,205,805 322,711 
Fortive Corp. 2,047,424 171,943 
Rockwell Automation, Inc. 838,238 151,688 
  1,007,986 
Industrial Conglomerates - 1.6%   
3M Co. 3,962,854 835,845 
General Electric Co. 57,974,020 750,184 
Honeywell International, Inc. 4,985,707 793,027 
Roper Technologies, Inc. 688,586 205,453 
  2,584,509 
Machinery - 1.4%   
Caterpillar, Inc. 3,990,974 554,147 
Cummins, Inc. 1,033,856 146,601 
Deere & Co. 2,164,580 311,267 
Dover Corp. 1,032,464 88,658 
Flowserve Corp. 873,307 45,517 
Illinois Tool Works, Inc. 2,035,097 282,634 
Ingersoll-Rand PLC 1,655,149 167,650 
PACCAR, Inc. 2,348,322 160,672 
Parker Hannifin Corp. 887,492 155,844 
Pentair PLC 1,083,549 47,113 
Snap-On, Inc. 377,769 66,782 
Stanley Black & Decker, Inc. 1,030,007 144,747 
Xylem, Inc. 1,200,961 91,165 
  2,262,797 
Professional Services - 0.3%   
Equifax, Inc. 802,886 107,563 
IHS Markit Ltd. (a) 2,376,981 130,734 
Nielsen Holdings PLC 2,235,110 58,113 
Robert Half International, Inc. 824,774 64,481 
Verisk Analytics, Inc. (a) 1,036,906 123,485 
  484,376 
Road & Rail - 1.0%   
CSX Corp. 5,842,927 433,311 
J.B. Hunt Transport Services, Inc. 571,438 69,001 
Kansas City Southern 684,854 79,416 
Norfolk Southern Corp. 1,885,949 327,853 
Union Pacific Corp. 5,176,936 779,750 
  1,689,331 
Trading Companies & Distributors - 0.2%   
Fastenal Co. 1,920,028 112,053 
United Rentals, Inc. (a) 558,004 86,976 
W.W. Grainger, Inc. 340,256 120,474 
  319,503 
TOTAL INDUSTRIALS  15,765,425 
INFORMATION TECHNOLOGY - 26.4%   
Communications Equipment - 1.1%   
Arista Networks, Inc. (a) 317,793 95,014 
Cisco Systems, Inc. 31,391,407 1,499,568 
F5 Networks, Inc. (a) 407,940 77,150 
Juniper Networks, Inc. 2,330,565 66,258 
Motorola Solutions, Inc. 1,082,238 138,916 
  1,876,906 
Electronic Equipment & Components - 0.4%   
Amphenol Corp. Class A 2,012,065 190,301 
Corning, Inc. 5,542,521 185,730 
FLIR Systems, Inc. 915,894 57,463 
IPG Photonics Corp. (a) 250,883 44,025 
TE Connectivity Ltd. 2,337,154 214,270 
  691,789 
Internet Software & Services - 5.0%   
Akamai Technologies, Inc. (a) 1,138,943 85,580 
Alphabet, Inc.:   
Class A (a) 1,993,509 2,455,604 
Class C (a) 2,026,429 2,468,576 
eBay, Inc. (a) 6,170,301 213,554 
Facebook, Inc. Class A (a) 16,010,527 2,813,530 
Twitter, Inc. (a) 4,370,879 153,768 
VeriSign, Inc. (a) 640,835 101,643 
  8,292,255 
IT Services - 4.6%   
Accenture PLC Class A 4,292,560 725,743 
Alliance Data Systems Corp. 321,718 76,755 
Automatic Data Processing, Inc. 2,940,454 431,512 
Broadridge Financial Solutions, Inc. 787,109 106,370 
Cognizant Technology Solutions Corp. Class A 3,910,835 306,727 
DXC Technology Co. 1,900,968 173,159 
Fidelity National Information Services, Inc. 2,209,496 239,001 
Fiserv, Inc. (a) 2,732,965 218,829 
FleetCor Technologies, Inc. (a) 598,327 127,886 
Gartner, Inc. (a)(b) 609,022 91,207 
Global Payments, Inc. 1,064,951 132,672 
IBM Corp. 5,698,456 834,710 
MasterCard, Inc. Class A 6,120,067 1,319,242 
Paychex, Inc. 2,134,340 156,340 
PayPal Holdings, Inc. (a) 7,450,181 687,875 
The Western Union Co. 3,075,327 58,185 
Total System Services, Inc. 1,107,362 107,569 
Visa, Inc. Class A 11,922,520 1,751,299 
  7,545,081 
Semiconductors & Semiconductor Equipment - 3.9%   
Advanced Micro Devices, Inc. (a)(b) 5,499,759 138,429 
Analog Devices, Inc. 2,475,712 244,724 
Applied Materials, Inc. 6,728,649 289,466 
Broadcom, Inc. 2,679,739 586,943 
Intel Corp. 31,105,172 1,506,423 
KLA-Tencor Corp. 1,040,434 120,909 
Lam Research Corp. 1,094,990 189,532 
Microchip Technology, Inc. (b) 1,568,856 134,969 
Micron Technology, Inc. (a) 7,741,348 406,576 
NVIDIA Corp. 4,051,682 1,137,226 
Qorvo, Inc. (a) 844,319 67,622 
Qualcomm, Inc. 9,896,397 679,981 
Skyworks Solutions, Inc. 1,215,336 110,960 
Texas Instruments, Inc. 6,534,207 734,445 
Xilinx, Inc. 1,691,454 131,646 
  6,479,851 
Software - 6.3%   
Activision Blizzard, Inc. 5,080,989 366,339 
Adobe Systems, Inc. (a) 3,287,203 866,211 
ANSYS, Inc. (a) 560,808 104,299 
Autodesk, Inc. (a) 1,462,537 225,743 
CA Technologies, Inc. 2,085,666 91,352 
Cadence Design Systems, Inc. (a) 1,881,703 88,515 
Citrix Systems, Inc. (a) 859,390 97,988 
Electronic Arts, Inc. (a) 2,048,090 232,274 
Intuit, Inc. 1,627,071 357,093 
Microsoft Corp. 51,284,806 5,760,822 
Oracle Corp. 19,891,881 966,348 
Red Hat, Inc. (a) 1,185,955 175,201 
Salesforce.com, Inc. (a) 4,708,055 718,826 
Symantec Corp. 4,148,730 83,638 
Synopsys, Inc. (a) 994,640 101,593 
Take-Two Interactive Software, Inc. (a) 763,477 101,970 
  10,338,212 
Technology Hardware, Storage & Peripherals - 5.1%   
Apple, Inc. 32,808,199 7,468,127 
Hewlett Packard Enterprise Co. 10,192,618 168,484 
HP, Inc. 10,956,058 270,067 
NetApp, Inc. 1,788,368 155,248 
Seagate Technology LLC 1,916,117 102,589 
Western Digital Corp. 1,997,420 126,317 
Xerox Corp. 1,427,970 39,783 
  8,330,615 
TOTAL INFORMATION TECHNOLOGY  43,554,709 
MATERIALS - 2.5%   
Chemicals - 1.9%   
Air Products & Chemicals, Inc. 1,463,105 243,300 
Albemarle Corp. U.S. (b) 739,334 70,621 
CF Industries Holdings, Inc. 1,557,661 80,920 
DowDuPont, Inc. 15,491,091 1,086,390 
Eastman Chemical Co. 952,905 92,460 
Ecolab, Inc. 1,733,267 260,822 
FMC Corp. 897,871 76,723 
International Flavors & Fragrances, Inc. 526,880 68,647 
LyondellBasell Industries NV Class A 2,145,967 242,022 
PPG Industries, Inc. 1,664,213 183,962 
Praxair, Inc. 1,918,169 303,435 
Sherwin-Williams Co. 549,482 250,333 
The Mosaic Co. 2,341,095 73,206 
  3,032,841 
Construction Materials - 0.1%   
Martin Marietta Materials, Inc. 420,194 83,501 
Vulcan Materials Co. 882,327 97,762 
  181,263 
Containers & Packaging - 0.3%   
Avery Dennison Corp. 587,600 61,804 
Ball Corp. 2,331,153 97,629 
International Paper Co. 2,764,028 141,352 
Packaging Corp. of America 629,759 69,223 
Sealed Air Corp. 1,075,725 43,147 
WestRock Co. 1,711,800 94,286 
  507,441 
Metals & Mining - 0.2%   
Freeport-McMoRan, Inc. 8,993,657 126,361 
Newmont Mining Corp. 3,560,983 110,497 
Nucor Corp. 2,123,276 132,705 
  369,563 
TOTAL MATERIALS  4,091,108 
REAL ESTATE - 2.7%   
Equity Real Estate Investment Trusts (REITs) - 2.7%   
Alexandria Real Estate Equities, Inc. 687,405 88,228 
American Tower Corp. 2,948,049 439,613 
Apartment Investment & Management Co. Class A 1,050,301 46,003 
AvalonBay Communities, Inc. 922,536 169,092 
Boston Properties, Inc. 1,030,368 134,412 
Crown Castle International Corp. 2,768,915 315,739 
Digital Realty Trust, Inc. 1,374,722 170,850 
Duke Realty Corp. 2,383,151 67,896 
Equinix, Inc. 530,377 231,313 
Equity Residential (SBI) 2,457,803 166,516 
Essex Property Trust, Inc. 440,852 108,573 
Extra Space Storage, Inc. 841,768 77,619 
Federal Realty Investment Trust (SBI) 488,743 63,835 
HCP, Inc. 3,135,848 84,762 
Host Hotels & Resorts, Inc. 4,948,374 106,538 
Iron Mountain, Inc. 1,878,573 67,816 
Kimco Realty Corp. 2,836,158 48,527 
Mid-America Apartment Communities, Inc. 759,545 78,658 
Prologis, Inc. 4,200,531 282,192 
Public Storage 1,000,151 212,612 
Realty Income Corp. 1,898,262 111,181 
Regency Centers Corp. 983,796 64,960 
SBA Communications Corp. Class A (a) 768,859 119,350 
Simon Property Group, Inc. 2,067,160 378,352 
SL Green Realty Corp. 590,218 61,619 
The Macerich Co. 724,657 42,566 
UDR, Inc. 1,786,212 71,395 
Ventas, Inc. 2,378,357 142,392 
Vornado Realty Trust 1,155,122 88,944 
Welltower, Inc. 2,482,953 165,638 
Weyerhaeuser Co. 5,053,015 175,390 
  4,382,581 
Real Estate Management & Development - 0.0%   
CBRE Group, Inc. (a) 2,018,288 98,513 
TOTAL REAL ESTATE  4,481,094 
TELECOMMUNICATION SERVICES - 1.9%   
Diversified Telecommunication Services - 1.9%   
AT&T, Inc. 48,470,984 1,548,163 
CenturyLink, Inc. 6,553,114 139,975 
Verizon Communications, Inc. 27,580,122 1,499,531 
  3,187,669 
UTILITIES - 2.8%   
Electric Utilities - 1.8%   
Alliant Energy Corp. 1,545,124 66,193 
American Electric Power Co., Inc. 3,287,556 235,816 
Duke Energy Corp. 4,679,173 380,136 
Edison International 2,174,765 142,947 
Entergy Corp. 1,206,986 100,892 
Evergy, Inc. 1,810,355 103,281 
Eversource Energy 2,115,191 132,051 
Exelon Corp. 6,443,858 281,661 
FirstEnergy Corp. 2,992,333 111,853 
NextEra Energy, Inc. 3,146,803 535,271 
PG&E Corp. 3,447,121 159,188 
Pinnacle West Capital Corp. 747,144 58,688 
PPL Corp. 4,666,150 138,771 
Southern Co. 6,752,525 295,626 
Xcel Energy, Inc. 3,396,585 163,206 
  2,905,580 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Energy, Inc. 1,996,749 70,665 
The AES Corp. 4,414,798 59,423 
  130,088 
Multi-Utilities - 0.9%   
Ameren Corp. 1,626,374 102,836 
CenterPoint Energy, Inc. 2,880,051 80,037 
CMS Energy Corp. 1,885,840 92,859 
Consolidated Edison, Inc. 2,074,102 163,709 
Dominion Resources, Inc. 4,355,740 308,256 
DTE Energy Co. 1,211,388 134,634 
NiSource, Inc. 2,251,894 60,959 
Public Service Enterprise Group, Inc. 3,372,288 176,539 
SCANA Corp. 952,032 36,501 
Sempra Energy (b) 1,763,103 204,661 
WEC Energy Group, Inc. 2,106,202 142,337 
  1,503,328 
Water Utilities - 0.0%   
American Water Works Co., Inc. 1,188,458 104,026 
TOTAL UTILITIES  4,643,022 
TOTAL COMMON STOCKS   
(Cost $87,707,818)  164,200,785 
 Principal Amount (000s) Value (000s) 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 2.07% 1/3/19 (c)   
(Cost $14,894) 15,000 14,893 
 Shares Value (000s) 
Money Market Funds - 0.6%   
Fidelity Cash Central Fund, 1.97% (d) 156,490,483 $156,522 
Fidelity Securities Lending Cash Central Fund 1.98% (d)(e) 764,457,982 764,534 
TOTAL MONEY MARKET FUNDS   
(Cost $921,039)  921,056 
TOTAL INVESTMENT IN SECURITIES - 100.3%   
(Cost $88,643,751)  165,136,734 
NET OTHER ASSETS (LIABILITIES) - (0.3)%  (464,871) 
NET ASSETS - 100%  $164,671,863 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount (000s) Value (000s) Unrealized Appreciation/(Depreciation) (000s) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 3,215 Sept. 2018 $466,513 $11,219 $11,219 

The notional amount of futures purchased as a percentage of Net Assets is 0.3%

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) 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 $14,893,000.

 (d) 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.

 (e) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
 (Amounts in thousands) 
Fidelity Cash Central Fund $2,732 
Fidelity Securities Lending Cash Central Fund 949 
Total $3,681 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
(Amounts in thousands)     
Investments in Securities:     
Equities:     
Consumer Discretionary $21,211,613 $21,211,613 $-- $-- 
Consumer Staples 11,003,130 11,003,130 -- -- 
Energy 9,614,178 9,614,178 -- -- 
Financials 22,642,287 22,642,287 -- -- 
Health Care 24,006,550 24,006,550 -- -- 
Industrials 15,765,425 15,765,425 -- -- 
Information Technology 43,554,709 43,554,709 -- -- 
Materials 4,091,108 4,091,108 -- -- 
Real Estate 4,481,094 4,481,094 -- -- 
Telecommunication Services 3,187,669 3,187,669 -- -- 
Utilities 4,643,022 4,643,022 -- -- 
U.S. Government and Government Agency Obligations 14,893 -- 14,893 -- 
Money Market Funds 921,056 921,056 -- -- 
Total Investments in Securities: $165,136,734 $165,121,841 $14,893 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $11,219 $11,219 $-- $-- 
Total Assets $11,219 $11,219 $-- $-- 
Total Derivative Instruments: $11,219 $11,219 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
(Amounts in thousands)   
Equity Risk   
Futures Contracts(a) $11,219 $0 
Total Equity Risk 11,219 0 
Total Value of Derivatives $11,219 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

Amounts in thousands (except per-share amounts)  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $750,847) — See accompanying schedule:
Unaffiliated issuers (cost $87,722,712) 		$164,215,678  
Fidelity Central Funds (cost $921,039) 921,056  
Total Investment in Securities (cost $88,643,751)  $165,136,734 
Segregated cash with brokers for derivative instruments  1,946 
Cash  264 
Receivable for investments sold  466,062 
Receivable for fund shares sold  234,358 
Dividends receivable  305,471 
Distributions receivable from Fidelity Central Funds  314 
Receivable for daily variation margin on futures contracts  2 
Other receivables  3,568 
Total assets  166,148,719 
Liabilities   
Payable for investments purchased $50,043  
Payable for fund shares redeemed 656,885  
Accrued management fee 2,022  
Other payables and accrued expenses 3,543  
Collateral on securities loaned 764,363  
Total liabilities  1,476,856 
Net Assets  $164,671,863 
Net Assets consist of:   
Paid in capital  $87,310,136 
Undistributed net investment income  544,391 
Accumulated undistributed net realized gain (loss) on investments  313,134 
Net unrealized appreciation (depreciation) on investments  76,504,202 
Net Assets  $164,671,863 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($3,884,526 ÷ 38,203 shares)  $101.68 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($82,816,711 ÷ 814,327 shares)  $101.70 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($36,462,914 ÷ 358,525 shares)  $101.70 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($41,507,712 ÷ 408,140 shares)  $101.70 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

Amounts in thousands  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $1,460,826 
Interest  140 
Income from Fidelity Central Funds  3,681 
Total income  1,464,647 
Expenses   
Management fee $11,447  
Transfer agent fees 9,786  
Independent trustees' fees and expenses 377  
Legal 29  
Commitment fees 203  
Total expenses before reductions 21,842  
Expense reductions (8)  
Total expenses after reductions  21,834 
Net investment income (loss)  1,442,813 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 685,106  
Redemptions in-kind with affiliated entities 176,347  
Fidelity Central Funds 26  
Futures contracts 39,986  
Total net realized gain (loss)  901,465 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 9,756,644  
Fidelity Central Funds (28)  
Futures contracts (9,440)  
Total change in net unrealized appreciation (depreciation)  9,747,176 
Net gain (loss)  10,648,641 
Net increase (decrease) in net assets resulting from operations  $12,091,454 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

Amounts in thousands Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,442,813 $2,476,977 
Net realized gain (loss) 901,465 1,319,749 
Change in net unrealized appreciation (depreciation) 9,747,176 16,399,139 
Net increase (decrease) in net assets resulting from operations 12,091,454 20,195,865 
Distributions to shareholders from net investment income (1,338,756) (2,396,654) 
Distributions to shareholders from net realized gain (136,220) (218,567) 
Total distributions (1,474,976) (2,615,221) 
Share transactions - net increase (decrease) 6,535,174 13,154,359 
Total increase (decrease) in net assets 17,151,652 30,735,003 
Net Assets   
Beginning of period 147,520,211 116,785,208 
End of period $164,671,863 $147,520,211 
Other Information   
Undistributed net investment income end of period $544,391 $440,334 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity 500 Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.13 $82.98 $68.13 $74.71 $66.10 $53.81 
Income from Investment Operations       
Net investment income (loss)B .88 1.66 1.54 1.45 1.44 1.19 
Net realized and unrealized gain (loss) 6.57 12.27 15.23 (6.05) 8.64 12.26 
Total from investment operations 7.45 13.93 16.77 (4.60) 10.08 13.45 
Distributions from net investment income (.82) (1.62) (1.52) (1.52) (1.31) (1.16) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.90)C (1.78)D (1.92) (1.98) (1.47) (1.16) 
Net asset value, end of period $101.68 $95.13 $82.98 $68.13 $74.71 $66.10 
Total ReturnE,F 7.92% 16.99% 24.88% (6.26)% 15.40% 25.27% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .09% .09% .10% .10% .10% 
Expenses net of fee waivers, if any .08%I .09% .09% .10% .10% .10% 
Expenses net of all reductions .08%I .09% .09% .10% .10% .10% 
Net investment income (loss) 1.84%I 1.88% 2.04% 2.02% 2.06% 1.98% 
Supplemental Data       
Net assets, end of period (in millions) $3,885 $3,887 $3,823 $7,635 $7,315 $5,751 
Portfolio turnover rateJ 3%I,K 4%K 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.90 per share is comprised of distributions from net investment income of $.816 and distributions from net realized gain of $.087 per share.

 D Total distributions of $1.78 per share is comprised of distributions from net investment income of $1.624 and distributions from net realized gain of $.153 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity 500 Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.15 $82.99 $68.15 $74.72 $66.11 $53.82 
Income from Investment Operations       
Net investment income (loss)B .91 1.71 1.58 1.48 1.48 1.22 
Net realized and unrealized gain (loss) 6.57 12.27 15.21 (6.04) 8.63 12.26 
Total from investment operations 7.48 13.98 16.79 (4.56) 10.11 13.48 
Distributions from net investment income (.84) (1.67) (1.55) (1.55) (1.34) (1.19) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.93) (1.82) (1.95) (2.01) (1.50) (1.19) 
Net asset value, end of period $101.70 $95.15 $82.99 $68.15 $74.72 $66.11 
Total ReturnC,D 7.95% 17.06% 24.91% (6.21)% 15.45% 25.32% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .03%G .04% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%G .04% .05% .05% .05% .05% 
Expenses net of all reductions .03%G .04% .05% .05% .05% .05% 
Net investment income (loss) 1.88%G 1.94% 2.08% 2.06% 2.11% 2.02% 
Supplemental Data       
Net assets, end of period (in millions) $82,817 $76,947 $66,051 $49,215 $49,784 $38,736 
Portfolio turnover rateH 3%G,I 4%I 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 I Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity 500 Index Fund Institutional Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.16 $83.00 $68.15 $74.73 $66.11 $53.82 
Income from Investment Operations       
Net investment income (loss)B .91 1.71 1.59 1.49 1.48 1.22 
Net realized and unrealized gain (loss) 6.56 12.28 15.22 (6.05) 8.64 12.26 
Total from investment operations 7.47 13.99 16.81 (4.56) 10.12 13.48 
Distributions from net investment income (.85) (1.67) (1.56) (1.56) (1.35) (1.19) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.93)C (1.83)D (1.96) (2.02) (1.50)E (1.19) 
Net asset value, end of period $101.70 $95.16 $83.00 $68.15 $74.73 $66.11 
Total ReturnF,G 7.94% 17.07% 24.94% (6.21)% 15.47% 25.33% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .03%J .03% .04% .05% .05% .05% 
Expenses net of fee waivers, if any .03%J .03% .04% .04% .04% .04% 
Expenses net of all reductions .03%J .03% .04% .04% .04% .04% 
Net investment income (loss) 1.89%J 1.94% 2.09% 2.07% 2.12% 2.03% 
Supplemental Data       
Net assets, end of period (in millions) $36,463 $34,461 $32,087 $23,860 $25,621 $22,636 
Portfolio turnover rateK 3%J,L 4%L 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.93 per share is comprised of distributions from net investment income of $.845 and distributions from net realized gain of $.087 per share.

 D Total distributions of $1.83 per share is comprised of distributions from net investment income of $1.673 and distributions from net realized gain of $.153 per share.

 E Total distributions of $1.50 per share is comprised of distributions from net investment income of $1.347 and distributions from net realized gain of $.157 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity 500 Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.15 $83.00 $68.15 $74.73 $66.11 $53.83 
Income from Investment Operations       
Net investment income (loss)B .91 1.74 1.61 1.50 1.50 1.24 
Net realized and unrealized gain (loss) 6.58 12.25 15.21 (6.05) 8.64 12.24 
Total from investment operations 7.49 13.99 16.82 (4.55) 10.14 13.48 
Distributions from net investment income (.85) (1.69) (1.58) (1.57) (1.36) (1.20) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.94) (1.84) (1.97)C (2.03) (1.52) (1.20) 
Net asset value, end of period $101.70 $95.15 $83.00 $68.15 $74.73 $66.11 
Total ReturnD,E 7.96% 17.08% 24.97% (6.19)% 15.50% 25.34% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .02%H .02% .02% .03% .03% .03% 
Expenses net of fee waivers, if any .02%H .02% .02% .02% .02% .02% 
Expenses net of all reductions .02%H .02% .02% .02% .02% .02% 
Net investment income (loss) 1.90%H 1.96% 2.11% 2.09% 2.14% 2.05% 
Supplemental Data       
Net assets, end of period (in millions) $41,508 $32,225 $14,824 $6,722 $6,217 $3,506 
Portfolio turnover rateI 3%H,J 4%J 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.97 per share is comprised of distributions from net investment income of $1.576 and distributions from net realized gain of $.398 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 J Portfolio turnover rate excludes securities received or delivered in-kind

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended August 31, 2018
(Amounts in thousands except percentages)

1. Organization.

Fidelity 500 Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Premium Class, Institutional Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – 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 the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of August 31, 2018, is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees of $3,542 are included in the accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, respectively.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, market discount, redemptions in kind, deferred trustees compensation and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation $79,878,279 
Gross unrealized depreciation (4,012,026) 
Net unrealized appreciation (depreciation) $75,866,253 
Tax cost $89,281,700 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures 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 and 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:

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.
 

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. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

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 and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, aggregated $10,239,318 and $2,354,676, respectively.

Redemptions In-Kind. During the period, 4,681 shares of the Fund held by an unaffiliated entity were redeemed in-kind for investments and cash with a value of $476,075. The net realized gain of $358,360 on investments delivered through the in-kind redemptions is included in the accompanying Statement of Operations. The amount of the redemptions is included in share transactions activity shown in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

Exchanges In-Kind. Investments and cash received in-kind through subscriptions totaled $44,133 in exchange for 473 shares of the Fund. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

Prior Fiscal Year Redemptions In-Kind. During the prior period, 18,388 shares of the Fund held by unaffiliated entities were redeemed in-kind for investments and cash with a value of $1,534,318. The Fund had a net realized gain of $1,107,402 on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the accompanying Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

Prior Fiscal Year Exchanges In-Kind. During the prior period, investments and cash received in-kind through subscriptions totaled $605,912 in exchange for 6,640 shares of the Fund. The amount of in-kind exchanges is included in shares transactions in the accompanying Notes to Financials. The Fund recognized no gain or loss for federal income tax purposes.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .015% of the Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

Effective August 1, 2018, the Board approved an amendment to the expense contract. Under the expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed .015% of each class' average net assets on an annual basis with certain exceptions.

Prior to August 1, 2018, the investment adviser paid class-level expenses as necessary so that the total expenses did not exceed .09%, .035%, .030% and .015% for Investor Class, Premium Class, Institutional Class and Institutional Premium Class, respectively.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of class-level average net assets for Investor Class, Premium Class, Institutional Class and Institutional Premium Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Effective August 1, 2018, under the amended expense contract, Investor Class, Premium Class, Institutional Class and Institutional Premium Class pay no transfer agent fees. Prior to August 1, 2018, Investor Class, Premium Class and Institutional Class paid all or a portion of the transfer agent fees at an annual rate of .075%, .02% and .015% of class-level average net assets, respectively, and Institutional Premium Class did not pay transfer agent fees.

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Amount % of Class-Level Average Net Assets 
Investor Class $1,186 .062 
Premium Class 6,458 .017 
Institutional Class 2,142 .012 
 $9,786  

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Redemptions In-Kind. During the period, 2,548 shares of the Fund held by an affiliated entity were redeemed in-kind for investments and cash with a value of $236,624. The net realized gain of $176,347 on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $203 and is reflected in Commitment fees on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $949. During the period, there were no securities loaned to FCM.

9. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's miscellaneous expense by $8.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
August 31, 2018 		Year ended
February 28, 2018 
From net investment income   
Investor Class $32,311 $71,890 
Premium Class 684,386 1,329,438 
Institutional Class 303,334 638,829 
Institutional Premium Class 318,725 356,497 
Total $1,338,756 $2,396,654 
From net realized gain   
Investor Class $3,521 $6,999 
Premium Class 70,474 122,417 
Institutional Class 31,561 58,190 
Institutional Premium Class 30,664 30,961 
Total $136,220 $218,567 

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended August 31, 2018 Year ended February 28, 2018 Six months ended August 31, 2018 Year ended February 28, 2018 
Investor Class     
Shares sold 7,669 27,506 $735,748 $2,422,971 
Reinvestment of distributions 354 837 33,089 72,968 
Shares redeemed (10,683) (33,550) (1,027,493) (2,964,308) 
Net increase (decrease) (2,660) (5,207) $(258,656) $(468,369) 
Premium Class     
Shares sold 69,559 175,324 $6,676,719 $15,578,782 
Reinvestment of distributions 7,515 15,466 702,793 1,350,249 
Shares redeemed (71,421) (177,971)(a) (6,871,805) (15,733,233)(a) 
Net increase (decrease) 5,653 12,819 $507,707 $1,195,798 
Institutional Class     
Shares sold 53,683(b) 127,928(c) $5,154,646(b) $11,322,826(c) 
Reinvestment of distributions 3,490 7,812 326,314 681,273 
Shares redeemed (60,800)(d) (160,189)(a) (5,812,847)(d) (14,275,460)(a) 
Net increase (decrease) (3,627) (24,449) $(331,887) $(2,271,361) 
Institutional Premium Class     
Shares sold 98,939 209,698(c) $9,490,311 $19,094,587(c) 
Reinvestment of distributions 3,684 4,399 344,974 386,209 
Shares redeemed (33,147)(d) (54,039) (3,217,275)(d) (4,782,505) 
Net increase (decrease) 69,476 160,058 $6,618,010 $14,698,291 

 (a) Amount includes in-kind redemptions (see the Prior Fiscal Year Redemptions In-Kind note for additional details).

 (b) Amount includes in-kind exchanges (see the Exchanges In-Kind note for additional details).

 (c) Amount includes in-kind exchanges (see the Prior Fiscal Year Exchange In-Kind note for additional details).

 (d) Amount includes in-kind redemptions (see the Redemptions In-Kind note for additional details).

12. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2018 to August 31, 2018).

Actual Expenses

The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
March 1, 2018 		Ending
Account Value
August 31, 2018 		Expenses Paid
During Period-B
March 1, 2018
to August 31, 2018 
Investor Class .08%    
Actual  $1,000.00 $1,079.20 $.42** 
Hypothetical-C  $1,000.00 $1,024.80 $.41** 
Premium Class .03%    
Actual  $1,000.00 $1,079.50 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Class .03%    
Actual  $1,000.00 $1,079.40 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Premium Class .02%    
Actual  $1,000.00 $1,079.60 $.10 
Hypothetical-C  $1,000.00 $1,025.10 $.10 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

 C 5% return per year before expenses

** If fees and changes to the class level expense contract and/ or expense cap, effective August 1, 2018, had been in effect for the entire current period, the restated annualized expense ratio would have been .02% and the expenses paid in the actual and hypothetical examples above would have been $.10 and $.10, respectively.

Board Approval of Investment Advisory Contracts

Fidelity 500 Index Fund

At its July 2018 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreement with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the fund for six months through January 31, 2019, in connection with the reunification of the Fidelity Equity High Income Funds Board, which oversees the fund, and the Sector Portfolios Board.

The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management.

The Board considered that the contractual arrangements for the fund that oblige FMR to pay all "class-level" expenses of each class of the fund to the extent necessary to limit total expenses, with certain exceptions, were being set at 0.015% for all classes.

The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification, through January 31, 2019, with the understanding that the Board will consider the annual renewal for a full one year period in January 2019.

In connection with its consideration of future renewals of the fund's Advisory Contracts, the Board will consider: (i) the nature, extent and quality of services provided to the fund, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for the fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing the fund and its shareholders, to the extent applicable, as well as potential fall-out benefits from Fidelity's non-fund businesses; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the fund's management fee structure is fair and reasonable, and that the continuation of the fund's Advisory Contracts should be approved.





Fidelity Investments

U5I-U5A-SANN-1018
1.925892.107

Fidelity® 500 Index Fund
Investor Class and Premium Class



Semi-Annual Report

August 31, 2018



Fidelity Investments


Contents

Note to shareholders

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2018 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Note to shareholders:

In July, the Board of Trustees approved a proposal to consolidate the Fund’s share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity 500 Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .015% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Apple, Inc. 4.5 
Microsoft Corp. 3.5 
Amazon.com, Inc. 3.3 
Facebook, Inc. Class A 1.7 
Berkshire Hathaway, Inc. Class B 1.6 
JPMorgan Chase & Co. 1.6 
Alphabet, Inc. Class C 1.5 
Alphabet, Inc. Class A 1.5 
Johnson & Johnson 1.5 
Exxon Mobil Corp. 1.4 
 22.1 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 26.4 
Health Care 14.6 
Financials 13.8 
Consumer Discretionary 12.9 
Industrials 9.6 
Consumer Staples 6.7 
Energy 5.8 
Utilities 2.8 
Real Estate 2.7 
Materials 2.5 

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.7%   
 Shares Value (000s) 
CONSUMER DISCRETIONARY - 12.9%   
Auto Components - 0.2%   
Aptiv PLC 1,767,316 $155,541 
BorgWarner, Inc. 1,318,271 57,701 
The Goodyear Tire & Rubber Co. 1,600,841 36,323 
  249,565 
Automobiles - 0.4%   
Ford Motor Co. 26,126,356 247,678 
General Motors Co. 8,467,132 305,240 
Harley-Davidson, Inc. 1,110,956 47,349 
  600,267 
Distributors - 0.1%   
Genuine Parts Co. 979,466 97,800 
LKQ Corp. (a) 2,067,299 71,363 
  169,163 
Diversified Consumer Services - 0.0%   
H&R Block, Inc. 1,396,409 37,787 
Hotels, Restaurants & Leisure - 1.6%   
Carnival Corp. 2,709,827 166,627 
Chipotle Mexican Grill, Inc. (a) 163,255 77,576 
Darden Restaurants, Inc. 826,291 95,883 
Hilton Worldwide Holdings, Inc. 1,864,895 144,753 
Marriott International, Inc. Class A 1,981,241 250,568 
McDonald's Corp. 5,241,001 850,248 
MGM Mirage, Inc. 3,344,857 96,967 
Norwegian Cruise Line Holdings Ltd. (a) 1,379,801 73,971 
Royal Caribbean Cruises Ltd. 1,130,717 138,603 
Starbucks Corp. 9,211,404 492,350 
Wynn Resorts Ltd. 565,351 83,864 
Yum! Brands, Inc. 2,157,449 187,461 
  2,658,871 
Household Durables - 0.3%   
D.R. Horton, Inc. 2,292,488 102,039 
Garmin Ltd. 742,440 50,590 
Leggett & Platt, Inc. 876,219 39,815 
Lennar Corp. Class A 1,826,292 94,365 
Mohawk Industries, Inc. (a) 423,250 81,090 
Newell Brands, Inc. 3,242,013 70,417 
PulteGroup, Inc. 1,753,392 49,007 
Whirlpool Corp. 430,701 53,829 
  541,152 
Internet & Direct Marketing Retail - 4.4%   
Amazon.com, Inc. (a) 2,688,253 5,410,674 
Expedia, Inc. 806,776 105,284 
Netflix, Inc. (a) 2,901,546 1,066,840 
The Booking Holdings, Inc. (a) 321,563 627,546 
TripAdvisor, Inc. (a)(b) 715,281 38,847 
  7,249,191 
Leisure Products - 0.1%   
Hasbro, Inc. 758,897 75,366 
Mattel, Inc. (b) 2,296,288 35,432 
  110,798 
Media - 2.2%   
CBS Corp. Class B 2,279,361 120,852 
Charter Communications, Inc. Class A (a)(b) 1,236,339 383,760 
Comcast Corp. Class A 30,652,585 1,133,839 
Discovery Communications, Inc.:   
Class A (a)(b) 1,041,656 28,989 
Class C (non-vtg.) (a) 2,280,130 58,463 
DISH Network Corp. Class A (a) 1,528,191 54,022 
Interpublic Group of Companies, Inc. 2,573,319 60,087 
News Corp.:   
Class A 2,558,289 33,437 
Class B 812,833 11,055 
Omnicom Group, Inc. (b) 1,517,144 105,168 
The Walt Disney Co. 9,923,959 1,111,682 
Twenty-First Century Fox, Inc.:   
Class A 7,035,599 319,416 
Class B 2,931,535 131,626 
Viacom, Inc. Class B (non-vtg.) 2,356,076 68,986 
  3,621,382 
Multiline Retail - 0.5%   
Dollar General Corp. 1,696,633 182,778 
Dollar Tree, Inc. (a) 1,587,137 127,780 
Kohl's Corp. 1,122,969 88,838 
Macy's, Inc. 2,045,004 74,745 
Nordstrom, Inc. 784,038 49,277 
Target Corp. 3,558,639 311,381 
  834,799 
Specialty Retail - 2.3%   
Advance Auto Parts, Inc. 494,153 81,056 
AutoZone, Inc. (a) 177,967 136,479 
Best Buy Co., Inc. 1,637,069 130,245 
CarMax, Inc. (a)(b) 1,188,604 92,771 
Foot Locker, Inc. 788,417 38,869 
Gap, Inc. 1,448,348 43,957 
Home Depot, Inc. 7,699,824 1,545,894 
L Brands, Inc. 1,619,063 42,792 
Lowe's Companies, Inc. 5,486,792 596,689 
O'Reilly Automotive, Inc. (a) 546,756 183,393 
Ross Stores, Inc. 2,527,349 242,069 
Tiffany & Co., Inc. 680,025 83,405 
TJX Companies, Inc. 4,185,661 460,297 
Tractor Supply Co. 814,676 71,920 
Ulta Beauty, Inc. (a) 381,613 99,219 
  3,849,055 
Textiles, Apparel & Luxury Goods - 0.8%   
Hanesbrands, Inc. (b) 2,405,444 42,191 
Michael Kors Holdings Ltd. (a) 1,000,518 72,658 
NIKE, Inc. Class B 8,561,893 703,788 
PVH Corp. 514,356 73,635 
Ralph Lauren Corp. 371,614 49,354 
Tapestry, Inc. 1,921,165 97,384 
Under Armour, Inc.:   
Class A (sub. vtg.) (a)(b) 1,241,384 25,386 
Class C (non-vtg.) (a)(b) 1,257,215 23,849 
VF Corp. 2,185,373 201,338 
  1,289,583 
TOTAL CONSUMER DISCRETIONARY  21,211,613 
CONSUMER STAPLES - 6.7%   
Beverages - 1.7%   
Brown-Forman Corp. Class B (non-vtg.) 1,748,395 91,301 
Constellation Brands, Inc. Class A (sub. vtg.) 1,121,469 233,490 
Molson Coors Brewing Co. Class B 1,235,153 82,434 
Monster Beverage Corp. (a) 2,741,781 166,947 
PepsiCo, Inc. 9,464,042 1,060,067 
The Coca-Cola Co. 25,563,223 1,139,353 
  2,773,592 
Food & Staples Retailing - 1.5%   
Costco Wholesale Corp. 2,927,638 682,520 
Kroger Co. 5,425,664 170,908 
Sysco Corp. 3,199,352 239,376 
Walgreens Boots Alliance, Inc. 5,692,599 390,285 
Walmart, Inc. 9,656,720 925,693 
  2,408,782 
Food Products - 1.1%   
Archer Daniels Midland Co. 3,732,516 188,119 
Campbell Soup Co. (b) 1,284,294 50,665 
ConAgra Foods, Inc. 2,626,719 96,532 
General Mills, Inc. 3,957,499 182,085 
Hormel Foods Corp. (b) 1,802,646 70,574 
Kellogg Co. 1,666,935 119,669 
McCormick & Co., Inc. (non-vtg.) 809,567 101,099 
Mondelez International, Inc. 9,845,973 420,620 
The Hershey Co. 932,676 93,753 
The J.M. Smucker Co. 758,265 78,389 
The Kraft Heinz Co. 3,987,566 232,355 
Tyson Foods, Inc. Class A 1,986,461 124,770 
  1,758,630 
Household Products - 1.4%   
Church & Dwight Co., Inc. 1,633,367 92,416 
Clorox Co. 864,456 125,329 
Colgate-Palmolive Co. 5,822,680 386,684 
Kimberly-Clark Corp. 2,331,746 269,410 
Procter & Gamble Co. 16,784,771 1,392,297 
  2,266,136 
Personal Products - 0.1%   
Coty, Inc. Class A 3,156,164 39,010 
Estee Lauder Companies, Inc. Class A 1,495,098 209,493 
  248,503 
Tobacco - 0.9%   
Altria Group, Inc. 12,633,291 739,300 
Philip Morris International, Inc. 10,376,004 808,187 
  1,547,487 
TOTAL CONSUMER STAPLES  11,003,130 
ENERGY - 5.8%   
Energy Equipment & Services - 0.7%   
Baker Hughes, a GE Co. Class A 2,779,522 91,641 
Halliburton Co. 5,847,078 233,240 
Helmerich & Payne, Inc. 726,779 47,655 
National Oilwell Varco, Inc. 2,549,976 120,027 
Schlumberger Ltd. 9,245,665 583,956 
TechnipFMC PLC 2,897,044 88,736 
  1,165,255 
Oil, Gas & Consumable Fuels - 5.1%   
Anadarko Petroleum Corp. 3,438,176 221,419 
Andeavor 928,030 141,794 
Apache Corp. 2,550,850 111,804 
Cabot Oil & Gas Corp. 3,013,651 71,815 
Chevron Corp. 12,755,504 1,511,017 
Cimarex Energy Co. 636,988 53,813 
Concho Resources, Inc. (a) 1,268,795 174,015 
ConocoPhillips Co. 7,810,109 573,496 
Devon Energy Corp. 3,493,658 149,983 
EOG Resources, Inc. 3,863,858 456,824 
EQT Corp. 1,683,534 85,894 
Exxon Mobil Corp. 28,260,544 2,265,648 
Hess Corp. 1,747,809 117,697 
HollyFrontier Corp. 1,178,404 87,815 
Kinder Morgan, Inc. 12,663,817 224,150 
Marathon Oil Corp. 5,695,009 122,500 
Marathon Petroleum Corp. 3,083,011 253,701 
Newfield Exploration Co. (a) 1,333,157 36,369 
Noble Energy, Inc. 3,233,610 96,103 
Occidental Petroleum Corp. 5,111,463 408,253 
ONEOK, Inc. 2,743,904 180,851 
Phillips 66 Co. 2,801,418 331,996 
Pioneer Natural Resources Co. 1,137,589 198,737 
The Williams Companies, Inc. 7,913,563 234,162 
Valero Energy Corp. 2,876,375 339,067 
  8,448,923 
TOTAL ENERGY  9,614,178 
FINANCIALS - 13.8%   
Banks - 6.2%   
Bank of America Corp. 62,941,887 1,946,793 
BB&T Corp. 5,204,789 268,879 
Citigroup, Inc. 17,020,623 1,212,549 
Citizens Financial Group, Inc. 3,235,517 133,174 
Comerica, Inc. 1,147,641 111,872 
Fifth Third Bancorp 4,575,637 134,661 
Huntington Bancshares, Inc. 7,375,724 119,560 
JPMorgan Chase & Co. 22,726,647 2,604,019 
KeyCorp 7,086,527 149,313 
M&T Bank Corp. 969,438 171,736 
Peoples United Financial, Inc. 2,322,058 42,981 
PNC Financial Services Group, Inc. 3,133,873 449,836 
Regions Financial Corp. 7,496,941 145,890 
SunTrust Banks, Inc. 3,102,688 228,234 
SVB Financial Group (a) 353,597 114,123 
U.S. Bancorp 10,415,142 563,563 
Wells Fargo & Co. 29,273,482 1,711,913 
Zions Bancorporation 1,315,728 70,115 
  10,179,211 
Capital Markets - 2.9%   
Affiliated Managers Group, Inc. 362,549 52,965 
Ameriprise Financial, Inc. 965,282 137,031 
Bank of New York Mellon Corp. 6,746,191 351,814 
BlackRock, Inc. Class A 823,225 394,374 
Brighthouse Financial, Inc. (a) 799,476 33,186 
Cboe Global Markets, Inc. 750,863 75,687 
Charles Schwab Corp. 8,015,084 407,086 
CME Group, Inc. 2,272,881 397,140 
E*TRADE Financial Corp. (a) 1,761,582 103,687 
Franklin Resources, Inc. 2,127,452 67,525 
Goldman Sachs Group, Inc. 2,344,754 557,606 
IntercontinentalExchange, Inc. 3,866,306 294,729 
Invesco Ltd. 2,741,815 66,078 
Moody's Corp. 1,114,399 198,385 
Morgan Stanley 9,098,599 444,285 
MSCI, Inc. 594,229 107,116 
Northern Trust Corp. 1,411,690 151,700 
Raymond James Financial, Inc. 866,520 80,621 
S&P Global, Inc. 1,677,411 347,308 
State Street Corp. 2,439,074 211,980 
T. Rowe Price Group, Inc. 1,616,246 187,307 
The NASDAQ OMX Group, Inc. 780,141 74,457 
  4,742,067 
Consumer Finance - 0.7%   
American Express Co. 4,766,571 505,161 
Capital One Financial Corp. 3,246,911 321,736 
Discover Financial Services 2,329,397 181,972 
Synchrony Financial 4,735,673 149,979 
  1,158,848 
Diversified Financial Services - 1.7%   
Berkshire Hathaway, Inc. Class B (a) 12,847,382 2,681,506 
Jefferies Financial Group, Inc. 2,023,813 46,993 
  2,728,499 
Insurance - 2.3%   
AFLAC, Inc. 5,167,511 238,946 
Allstate Corp. 2,346,164 235,954 
American International Group, Inc. 5,991,971 318,593 
Aon PLC 1,632,107 237,569 
Arthur J. Gallagher & Co. 1,216,660 87,770 
Assurant, Inc. 353,741 36,372 
Chubb Ltd. 3,109,195 420,488 
Cincinnati Financial Corp. 997,053 76,444 
Everest Re Group Ltd. 273,539 61,005 
Hartford Financial Services Group, Inc. 2,390,553 120,412 
Lincoln National Corp. 1,459,853 95,737 
Loews Corp. 1,747,791 87,931 
Marsh & McLennan Companies, Inc. 3,386,746 286,620 
MetLife, Inc. 6,785,272 311,376 
Principal Financial Group, Inc. 1,777,795 98,117 
Progressive Corp. 3,887,318 262,511 
Prudential Financial, Inc. 2,803,471 275,441 
The Travelers Companies, Inc. 1,803,973 237,403 
Torchmark Corp. 704,926 61,977 
Unum Group 1,476,462 54,452 
Willis Group Holdings PLC 880,022 129,601 
XL Group Ltd. 1,724,049 98,943 
  3,833,662 
TOTAL FINANCIALS  22,642,287 
HEALTH CARE - 14.6%   
Biotechnology - 2.6%   
AbbVie, Inc. 10,115,716 970,906 
Alexion Pharmaceuticals, Inc. (a) 1,485,177 181,548 
Amgen, Inc. 4,445,502 888,256 
Biogen, Inc. (a) 1,408,464 497,878 
Celgene Corp. (a) 4,718,100 445,625 
Gilead Sciences, Inc. 8,679,150 657,272 
Incyte Corp. (a) 1,174,348 86,796 
Regeneron Pharmaceuticals, Inc. (a) 516,264 209,990 
Vertex Pharmaceuticals, Inc. (a) 1,700,972 313,659 
  4,251,930 
Health Care Equipment & Supplies - 3.1%   
Abbott Laboratories 11,702,406 782,189 
Abiomed, Inc. (a) 282,044 114,673 
Align Technology, Inc. (a) 481,495 186,093 
Baxter International, Inc. 3,288,384 244,557 
Becton, Dickinson & Co. 1,783,555 467,060 
Boston Scientific Corp. (a) 9,210,141 327,513 
Danaher Corp. 4,103,375 424,863 
Dentsply Sirona, Inc. 1,518,140 60,604 
Edwards Lifesciences Corp. (a) 1,406,936 202,936 
Hologic, Inc. (a) 1,822,331 72,456 
IDEXX Laboratories, Inc. (a) 579,804 147,293 
Intuitive Surgical, Inc. (a) 756,237 423,493 
Medtronic PLC 9,039,310 871,480 
ResMed, Inc. 952,767 106,148 
Stryker Corp. 2,145,264 363,472 
The Cooper Companies, Inc. 327,218 83,696 
Varian Medical Systems, Inc. (a) 610,789 68,421 
Zimmer Biomet Holdings, Inc. 1,356,820 167,744 
  5,114,691 
Health Care Providers & Services - 3.3%   
Aetna, Inc. 2,183,370 437,264 
AmerisourceBergen Corp. 1,085,710 97,681 
Anthem, Inc. 1,703,436 450,951 
Cardinal Health, Inc. 2,073,800 108,232 
Centene Corp. (a) 1,369,556 200,613 
Cigna Corp. 1,623,797 305,826 
CVS Health Corp. 6,786,041 510,582 
DaVita HealthCare Partners, Inc. (a) 931,820 64,566 
Envision Healthcare Corp. (a) 808,521 36,675 
Express Scripts Holding Co. (a) 3,749,449 330,027 
HCA Holdings, Inc. 1,865,239 250,147 
Henry Schein, Inc. (a)(b) 1,028,107 79,863 
Humana, Inc. 919,016 306,271 
Laboratory Corp. of America Holdings (a) 682,845 118,043 
McKesson Corp. 1,348,677 173,642 
Quest Diagnostics, Inc. 906,568 99,704 
UnitedHealth Group, Inc. 6,414,481 1,722,032 
Universal Health Services, Inc. Class B 581,713 75,716 
  5,367,835 
Health Care Technology - 0.1%   
Cerner Corp. (a) 2,104,093 136,997 
Life Sciences Tools & Services - 0.9%   
Agilent Technologies, Inc. 2,135,658 144,242 
Illumina, Inc. (a) 981,215 348,165 
Mettler-Toledo International, Inc. (a) 169,495 99,063 
PerkinElmer, Inc. 738,474 68,257 
Quintiles Transnational Holdings, Inc. (a) 1,080,347 137,301 
Thermo Fisher Scientific, Inc. 2,685,477 642,098 
Waters Corp. (a) 522,936 99,086 
  1,538,212 
Pharmaceuticals - 4.6%   
Allergan PLC 2,263,228 433,883 
Bristol-Myers Squibb Co. 10,910,426 660,626 
Eli Lilly & Co. 6,375,749 673,598 
Johnson & Johnson 17,903,161 2,411,377 
Merck & Co., Inc. 17,957,592 1,231,711 
Mylan NV (a) 3,440,726 134,636 
Nektar Therapeutics (a)(b) 1,075,451 71,507 
Perrigo Co. PLC 859,528 65,762 
Pfizer, Inc. 39,045,475 1,621,168 
Zoetis, Inc. Class A 3,229,764 292,617 
  7,596,885 
TOTAL HEALTH CARE  24,006,550 
INDUSTRIALS - 9.6%   
Aerospace & Defense - 2.6%   
Arconic, Inc. 2,836,126 63,472 
General Dynamics Corp. 1,843,887 356,608 
Harris Corp. 792,508 128,790 
Huntington Ingalls Industries, Inc. 297,035 72,616 
L3 Technologies, Inc. 523,843 111,956 
Lockheed Martin Corp. 1,658,120 531,278 
Northrop Grumman Corp. 1,164,001 347,443 
Raytheon Co. 1,917,374 382,401 
Rockwell Collins, Inc. 1,096,229 149,032 
Textron, Inc. 1,709,035 117,975 
The Boeing Co. 3,655,366 1,253,023 
TransDigm Group, Inc. (b) 325,469 113,914 
United Technologies Corp. 4,966,514 654,090 
  4,282,598 
Air Freight & Logistics - 0.7%   
C.H. Robinson Worldwide, Inc. 929,411 89,298 
Expeditors International of Washington, Inc. 1,165,977 85,443 
FedEx Corp. 1,640,950 400,310 
United Parcel Service, Inc. Class B 4,602,766 565,588 
  1,140,639 
Airlines - 0.5%   
Alaska Air Group, Inc. 822,746 55,527 
American Airlines Group, Inc. 2,781,150 112,581 
Delta Air Lines, Inc. 4,307,726 251,916 
Southwest Airlines Co. 3,560,533 218,261 
United Continental Holdings, Inc. (a) 1,573,116 137,522 
  775,807 
Building Products - 0.3%   
A.O. Smith Corp. 968,378 56,243 
Allegion PLC 633,844 55,284 
Fortune Brands Home & Security, Inc. 974,025 51,604 
Johnson Controls International PLC 6,182,346 233,507 
Masco Corp. 2,072,504 78,693 
  475,331 
Commercial Services & Supplies - 0.3%   
Cintas Corp. 577,008 123,116 
Copart, Inc. (a) 1,348,881 86,747 
Republic Services, Inc. 1,488,454 109,193 
Stericycle, Inc. (a) 571,221 35,239 
Waste Management, Inc. 2,655,207 241,358 
  595,653 
Construction & Engineering - 0.1%   
Fluor Corp. 938,408 53,874 
Jacobs Engineering Group, Inc. 804,485 58,478 
Quanta Services, Inc. (a) 998,632 34,543 
  146,895 
Electrical Equipment - 0.6%   
AMETEK, Inc. 1,545,773 118,963 
Eaton Corp. PLC 2,918,946 242,681 
Emerson Electric Co. 4,205,805 322,711 
Fortive Corp. 2,047,424 171,943 
Rockwell Automation, Inc. 838,238 151,688 
  1,007,986 
Industrial Conglomerates - 1.6%   
3M Co. 3,962,854 835,845 
General Electric Co. 57,974,020 750,184 
Honeywell International, Inc. 4,985,707 793,027 
Roper Technologies, Inc. 688,586 205,453 
  2,584,509 
Machinery - 1.4%   
Caterpillar, Inc. 3,990,974 554,147 
Cummins, Inc. 1,033,856 146,601 
Deere & Co. 2,164,580 311,267 
Dover Corp. 1,032,464 88,658 
Flowserve Corp. 873,307 45,517 
Illinois Tool Works, Inc. 2,035,097 282,634 
Ingersoll-Rand PLC 1,655,149 167,650 
PACCAR, Inc. 2,348,322 160,672 
Parker Hannifin Corp. 887,492 155,844 
Pentair PLC 1,083,549 47,113 
Snap-On, Inc. 377,769 66,782 
Stanley Black & Decker, Inc. 1,030,007 144,747 
Xylem, Inc. 1,200,961 91,165 
  2,262,797 
Professional Services - 0.3%   
Equifax, Inc. 802,886 107,563 
IHS Markit Ltd. (a) 2,376,981 130,734 
Nielsen Holdings PLC 2,235,110 58,113 
Robert Half International, Inc. 824,774 64,481 
Verisk Analytics, Inc. (a) 1,036,906 123,485 
  484,376 
Road & Rail - 1.0%   
CSX Corp. 5,842,927 433,311 
J.B. Hunt Transport Services, Inc. 571,438 69,001 
Kansas City Southern 684,854 79,416 
Norfolk Southern Corp. 1,885,949 327,853 
Union Pacific Corp. 5,176,936 779,750 
  1,689,331 
Trading Companies & Distributors - 0.2%   
Fastenal Co. 1,920,028 112,053 
United Rentals, Inc. (a) 558,004 86,976 
W.W. Grainger, Inc. 340,256 120,474 
  319,503 
TOTAL INDUSTRIALS  15,765,425 
INFORMATION TECHNOLOGY - 26.4%   
Communications Equipment - 1.1%   
Arista Networks, Inc. (a) 317,793 95,014 
Cisco Systems, Inc. 31,391,407 1,499,568 
F5 Networks, Inc. (a) 407,940 77,150 
Juniper Networks, Inc. 2,330,565 66,258 
Motorola Solutions, Inc. 1,082,238 138,916 
  1,876,906 
Electronic Equipment & Components - 0.4%   
Amphenol Corp. Class A 2,012,065 190,301 
Corning, Inc. 5,542,521 185,730 
FLIR Systems, Inc. 915,894 57,463 
IPG Photonics Corp. (a) 250,883 44,025 
TE Connectivity Ltd. 2,337,154 214,270 
  691,789 
Internet Software & Services - 5.0%   
Akamai Technologies, Inc. (a) 1,138,943 85,580 
Alphabet, Inc.:   
Class A (a) 1,993,509 2,455,604 
Class C (a) 2,026,429 2,468,576 
eBay, Inc. (a) 6,170,301 213,554 
Facebook, Inc. Class A (a) 16,010,527 2,813,530 
Twitter, Inc. (a) 4,370,879 153,768 
VeriSign, Inc. (a) 640,835 101,643 
  8,292,255 
IT Services - 4.6%   
Accenture PLC Class A 4,292,560 725,743 
Alliance Data Systems Corp. 321,718 76,755 
Automatic Data Processing, Inc. 2,940,454 431,512 
Broadridge Financial Solutions, Inc. 787,109 106,370 
Cognizant Technology Solutions Corp. Class A 3,910,835 306,727 
DXC Technology Co. 1,900,968 173,159 
Fidelity National Information Services, Inc. 2,209,496 239,001 
Fiserv, Inc. (a) 2,732,965 218,829 
FleetCor Technologies, Inc. (a) 598,327 127,886 
Gartner, Inc. (a)(b) 609,022 91,207 
Global Payments, Inc. 1,064,951 132,672 
IBM Corp. 5,698,456 834,710 
MasterCard, Inc. Class A 6,120,067 1,319,242 
Paychex, Inc. 2,134,340 156,340 
PayPal Holdings, Inc. (a) 7,450,181 687,875 
The Western Union Co. 3,075,327 58,185 
Total System Services, Inc. 1,107,362 107,569 
Visa, Inc. Class A 11,922,520 1,751,299 
  7,545,081 
Semiconductors & Semiconductor Equipment - 3.9%   
Advanced Micro Devices, Inc. (a)(b) 5,499,759 138,429 
Analog Devices, Inc. 2,475,712 244,724 
Applied Materials, Inc. 6,728,649 289,466 
Broadcom, Inc. 2,679,739 586,943 
Intel Corp. 31,105,172 1,506,423 
KLA-Tencor Corp. 1,040,434 120,909 
Lam Research Corp. 1,094,990 189,532 
Microchip Technology, Inc. (b) 1,568,856 134,969 
Micron Technology, Inc. (a) 7,741,348 406,576 
NVIDIA Corp. 4,051,682 1,137,226 
Qorvo, Inc. (a) 844,319 67,622 
Qualcomm, Inc. 9,896,397 679,981 
Skyworks Solutions, Inc. 1,215,336 110,960 
Texas Instruments, Inc. 6,534,207 734,445 
Xilinx, Inc. 1,691,454 131,646 
  6,479,851 
Software - 6.3%   
Activision Blizzard, Inc. 5,080,989 366,339 
Adobe Systems, Inc. (a) 3,287,203 866,211 
ANSYS, Inc. (a) 560,808 104,299 
Autodesk, Inc. (a) 1,462,537 225,743 
CA Technologies, Inc. 2,085,666 91,352 
Cadence Design Systems, Inc. (a) 1,881,703 88,515 
Citrix Systems, Inc. (a) 859,390 97,988 
Electronic Arts, Inc. (a) 2,048,090 232,274 
Intuit, Inc. 1,627,071 357,093 
Microsoft Corp. 51,284,806 5,760,822 
Oracle Corp. 19,891,881 966,348 
Red Hat, Inc. (a) 1,185,955 175,201 
Salesforce.com, Inc. (a) 4,708,055 718,826 
Symantec Corp. 4,148,730 83,638 
Synopsys, Inc. (a) 994,640 101,593 
Take-Two Interactive Software, Inc. (a) 763,477 101,970 
  10,338,212 
Technology Hardware, Storage & Peripherals - 5.1%   
Apple, Inc. 32,808,199 7,468,127 
Hewlett Packard Enterprise Co. 10,192,618 168,484 
HP, Inc. 10,956,058 270,067 
NetApp, Inc. 1,788,368 155,248 
Seagate Technology LLC 1,916,117 102,589 
Western Digital Corp. 1,997,420 126,317 
Xerox Corp. 1,427,970 39,783 
  8,330,615 
TOTAL INFORMATION TECHNOLOGY  43,554,709 
MATERIALS - 2.5%   
Chemicals - 1.9%   
Air Products & Chemicals, Inc. 1,463,105 243,300 
Albemarle Corp. U.S. (b) 739,334 70,621 
CF Industries Holdings, Inc. 1,557,661 80,920 
DowDuPont, Inc. 15,491,091 1,086,390 
Eastman Chemical Co. 952,905 92,460 
Ecolab, Inc. 1,733,267 260,822 
FMC Corp. 897,871 76,723 
International Flavors & Fragrances, Inc. 526,880 68,647 
LyondellBasell Industries NV Class A 2,145,967 242,022 
PPG Industries, Inc. 1,664,213 183,962 
Praxair, Inc. 1,918,169 303,435 
Sherwin-Williams Co. 549,482 250,333 
The Mosaic Co. 2,341,095 73,206 
  3,032,841 
Construction Materials - 0.1%   
Martin Marietta Materials, Inc. 420,194 83,501 
Vulcan Materials Co. 882,327 97,762 
  181,263 
Containers & Packaging - 0.3%   
Avery Dennison Corp. 587,600 61,804 
Ball Corp. 2,331,153 97,629 
International Paper Co. 2,764,028 141,352 
Packaging Corp. of America 629,759 69,223 
Sealed Air Corp. 1,075,725 43,147 
WestRock Co. 1,711,800 94,286 
  507,441 
Metals & Mining - 0.2%   
Freeport-McMoRan, Inc. 8,993,657 126,361 
Newmont Mining Corp. 3,560,983 110,497 
Nucor Corp. 2,123,276 132,705 
  369,563 
TOTAL MATERIALS  4,091,108 
REAL ESTATE - 2.7%   
Equity Real Estate Investment Trusts (REITs) - 2.7%   
Alexandria Real Estate Equities, Inc. 687,405 88,228 
American Tower Corp. 2,948,049 439,613 
Apartment Investment & Management Co. Class A 1,050,301 46,003 
AvalonBay Communities, Inc. 922,536 169,092 
Boston Properties, Inc. 1,030,368 134,412 
Crown Castle International Corp. 2,768,915 315,739 
Digital Realty Trust, Inc. 1,374,722 170,850 
Duke Realty Corp. 2,383,151 67,896 
Equinix, Inc. 530,377 231,313 
Equity Residential (SBI) 2,457,803 166,516 
Essex Property Trust, Inc. 440,852 108,573 
Extra Space Storage, Inc. 841,768 77,619 
Federal Realty Investment Trust (SBI) 488,743 63,835 
HCP, Inc. 3,135,848 84,762 
Host Hotels & Resorts, Inc. 4,948,374 106,538 
Iron Mountain, Inc. 1,878,573 67,816 
Kimco Realty Corp. 2,836,158 48,527 
Mid-America Apartment Communities, Inc. 759,545 78,658 
Prologis, Inc. 4,200,531 282,192 
Public Storage 1,000,151 212,612 
Realty Income Corp. 1,898,262 111,181 
Regency Centers Corp. 983,796 64,960 
SBA Communications Corp. Class A (a) 768,859 119,350 
Simon Property Group, Inc. 2,067,160 378,352 
SL Green Realty Corp. 590,218 61,619 
The Macerich Co. 724,657 42,566 
UDR, Inc. 1,786,212 71,395 
Ventas, Inc. 2,378,357 142,392 
Vornado Realty Trust 1,155,122 88,944 
Welltower, Inc. 2,482,953 165,638 
Weyerhaeuser Co. 5,053,015 175,390 
  4,382,581 
Real Estate Management & Development - 0.0%   
CBRE Group, Inc. (a) 2,018,288 98,513 
TOTAL REAL ESTATE  4,481,094 
TELECOMMUNICATION SERVICES - 1.9%   
Diversified Telecommunication Services - 1.9%   
AT&T, Inc. 48,470,984 1,548,163 
CenturyLink, Inc. 6,553,114 139,975 
Verizon Communications, Inc. 27,580,122 1,499,531 
  3,187,669 
UTILITIES - 2.8%   
Electric Utilities - 1.8%   
Alliant Energy Corp. 1,545,124 66,193 
American Electric Power Co., Inc. 3,287,556 235,816 
Duke Energy Corp. 4,679,173 380,136 
Edison International 2,174,765 142,947 
Entergy Corp. 1,206,986 100,892 
Evergy, Inc. 1,810,355 103,281 
Eversource Energy 2,115,191 132,051 
Exelon Corp. 6,443,858 281,661 
FirstEnergy Corp. 2,992,333 111,853 
NextEra Energy, Inc. 3,146,803 535,271 
PG&E Corp. 3,447,121 159,188 
Pinnacle West Capital Corp. 747,144 58,688 
PPL Corp. 4,666,150 138,771 
Southern Co. 6,752,525 295,626 
Xcel Energy, Inc. 3,396,585 163,206 
  2,905,580 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Energy, Inc. 1,996,749 70,665 
The AES Corp. 4,414,798 59,423 
  130,088 
Multi-Utilities - 0.9%   
Ameren Corp. 1,626,374 102,836 
CenterPoint Energy, Inc. 2,880,051 80,037 
CMS Energy Corp. 1,885,840 92,859 
Consolidated Edison, Inc. 2,074,102 163,709 
Dominion Resources, Inc. 4,355,740 308,256 
DTE Energy Co. 1,211,388 134,634 
NiSource, Inc. 2,251,894 60,959 
Public Service Enterprise Group, Inc. 3,372,288 176,539 
SCANA Corp. 952,032 36,501 
Sempra Energy (b) 1,763,103 204,661 
WEC Energy Group, Inc. 2,106,202 142,337 
  1,503,328 
Water Utilities - 0.0%   
American Water Works Co., Inc. 1,188,458 104,026 
TOTAL UTILITIES  4,643,022 
TOTAL COMMON STOCKS   
(Cost $87,707,818)  164,200,785 
 Principal Amount (000s) Value (000s) 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 2.07% 1/3/19 (c)   
(Cost $14,894) 15,000 14,893 
 Shares Value (000s) 
Money Market Funds - 0.6%   
Fidelity Cash Central Fund, 1.97% (d) 156,490,483 $156,522 
Fidelity Securities Lending Cash Central Fund 1.98% (d)(e) 764,457,982 764,534 
TOTAL MONEY MARKET FUNDS   
(Cost $921,039)  921,056 
TOTAL INVESTMENT IN SECURITIES - 100.3%   
(Cost $88,643,751)  165,136,734 
NET OTHER ASSETS (LIABILITIES) - (0.3)%  (464,871) 
NET ASSETS - 100%  $164,671,863 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount (000s) Value (000s) Unrealized Appreciation/(Depreciation) (000s) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 3,215 Sept. 2018 $466,513 $11,219 $11,219 

The notional amount of futures purchased as a percentage of Net Assets is 0.3%

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) 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 $14,893,000.

 (d) 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.

 (e) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
 (Amounts in thousands) 
Fidelity Cash Central Fund $2,732 
Fidelity Securities Lending Cash Central Fund 949 
Total $3,681 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
(Amounts in thousands)     
Investments in Securities:     
Equities:     
Consumer Discretionary $21,211,613 $21,211,613 $-- $-- 
Consumer Staples 11,003,130 11,003,130 -- -- 
Energy 9,614,178 9,614,178 -- -- 
Financials 22,642,287 22,642,287 -- -- 
Health Care 24,006,550 24,006,550 -- -- 
Industrials 15,765,425 15,765,425 -- -- 
Information Technology 43,554,709 43,554,709 -- -- 
Materials 4,091,108 4,091,108 -- -- 
Real Estate 4,481,094 4,481,094 -- -- 
Telecommunication Services 3,187,669 3,187,669 -- -- 
Utilities 4,643,022 4,643,022 -- -- 
U.S. Government and Government Agency Obligations 14,893 -- 14,893 -- 
Money Market Funds 921,056 921,056 -- -- 
Total Investments in Securities: $165,136,734 $165,121,841 $14,893 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $11,219 $11,219 $-- $-- 
Total Assets $11,219 $11,219 $-- $-- 
Total Derivative Instruments: $11,219 $11,219 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
(Amounts in thousands)   
Equity Risk   
Futures Contracts(a) $11,219 $0 
Total Equity Risk 11,219 0 
Total Value of Derivatives $11,219 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

Amounts in thousands (except per-share amounts)  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $750,847) — See accompanying schedule:
Unaffiliated issuers (cost $87,722,712) 		$164,215,678  
Fidelity Central Funds (cost $921,039) 921,056  
Total Investment in Securities (cost $88,643,751)  $165,136,734 
Segregated cash with brokers for derivative instruments  1,946 
Cash  264 
Receivable for investments sold  466,062 
Receivable for fund shares sold  234,358 
Dividends receivable  305,471 
Distributions receivable from Fidelity Central Funds  314 
Receivable for daily variation margin on futures contracts  2 
Other receivables  3,568 
Total assets  166,148,719 
Liabilities   
Payable for investments purchased $50,043  
Payable for fund shares redeemed 656,885  
Accrued management fee 2,022  
Other payables and accrued expenses 3,543  
Collateral on securities loaned 764,363  
Total liabilities  1,476,856 
Net Assets  $164,671,863 
Net Assets consist of:   
Paid in capital  $87,310,136 
Undistributed net investment income  544,391 
Accumulated undistributed net realized gain (loss) on investments  313,134 
Net unrealized appreciation (depreciation) on investments  76,504,202 
Net Assets  $164,671,863 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($3,884,526 ÷ 38,203 shares)  $101.68 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($82,816,711 ÷ 814,327 shares)  $101.70 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($36,462,914 ÷ 358,525 shares)  $101.70 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($41,507,712 ÷ 408,140 shares)  $101.70 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

Amounts in thousands  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $1,460,826 
Interest  140 
Income from Fidelity Central Funds  3,681 
Total income  1,464,647 
Expenses   
Management fee $11,447  
Transfer agent fees 9,786  
Independent trustees' fees and expenses 377  
Legal 29  
Commitment fees 203  
Total expenses before reductions 21,842  
Expense reductions (8)  
Total expenses after reductions  21,834 
Net investment income (loss)  1,442,813 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 685,106  
Redemptions in-kind with affiliated entities 176,347  
Fidelity Central Funds 26  
Futures contracts 39,986  
Total net realized gain (loss)  901,465 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 9,756,644  
Fidelity Central Funds (28)  
Futures contracts (9,440)  
Total change in net unrealized appreciation (depreciation)  9,747,176 
Net gain (loss)  10,648,641 
Net increase (decrease) in net assets resulting from operations  $12,091,454 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

Amounts in thousands Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,442,813 $2,476,977 
Net realized gain (loss) 901,465 1,319,749 
Change in net unrealized appreciation (depreciation) 9,747,176 16,399,139 
Net increase (decrease) in net assets resulting from operations 12,091,454 20,195,865 
Distributions to shareholders from net investment income (1,338,756) (2,396,654) 
Distributions to shareholders from net realized gain (136,220) (218,567) 
Total distributions (1,474,976) (2,615,221) 
Share transactions - net increase (decrease) 6,535,174 13,154,359 
Total increase (decrease) in net assets 17,151,652 30,735,003 
Net Assets   
Beginning of period 147,520,211 116,785,208 
End of period $164,671,863 $147,520,211 
Other Information   
Undistributed net investment income end of period $544,391 $440,334 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity 500 Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.13 $82.98 $68.13 $74.71 $66.10 $53.81 
Income from Investment Operations       
Net investment income (loss)B .88 1.66 1.54 1.45 1.44 1.19 
Net realized and unrealized gain (loss) 6.57 12.27 15.23 (6.05) 8.64 12.26 
Total from investment operations 7.45 13.93 16.77 (4.60) 10.08 13.45 
Distributions from net investment income (.82) (1.62) (1.52) (1.52) (1.31) (1.16) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.90)C (1.78)D (1.92) (1.98) (1.47) (1.16) 
Net asset value, end of period $101.68 $95.13 $82.98 $68.13 $74.71 $66.10 
Total ReturnE,F 7.92% 16.99% 24.88% (6.26)% 15.40% 25.27% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .08%I .09% .09% .10% .10% .10% 
Expenses net of fee waivers, if any .08%I .09% .09% .10% .10% .10% 
Expenses net of all reductions .08%I .09% .09% .10% .10% .10% 
Net investment income (loss) 1.84%I 1.88% 2.04% 2.02% 2.06% 1.98% 
Supplemental Data       
Net assets, end of period (in millions) $3,885 $3,887 $3,823 $7,635 $7,315 $5,751 
Portfolio turnover rateJ 3%I,K 4%K 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.90 per share is comprised of distributions from net investment income of $.816 and distributions from net realized gain of $.087 per share.

 D Total distributions of $1.78 per share is comprised of distributions from net investment income of $1.624 and distributions from net realized gain of $.153 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity 500 Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.15 $82.99 $68.15 $74.72 $66.11 $53.82 
Income from Investment Operations       
Net investment income (loss)B .91 1.71 1.58 1.48 1.48 1.22 
Net realized and unrealized gain (loss) 6.57 12.27 15.21 (6.04) 8.63 12.26 
Total from investment operations 7.48 13.98 16.79 (4.56) 10.11 13.48 
Distributions from net investment income (.84) (1.67) (1.55) (1.55) (1.34) (1.19) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.93) (1.82) (1.95) (2.01) (1.50) (1.19) 
Net asset value, end of period $101.70 $95.15 $82.99 $68.15 $74.72 $66.11 
Total ReturnC,D 7.95% 17.06% 24.91% (6.21)% 15.45% 25.32% 
Ratios to Average Net AssetsE,F       
Expenses before reductions .03%G .04% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%G .04% .05% .05% .05% .05% 
Expenses net of all reductions .03%G .04% .05% .05% .05% .05% 
Net investment income (loss) 1.88%G 1.94% 2.08% 2.06% 2.11% 2.02% 
Supplemental Data       
Net assets, end of period (in millions) $82,817 $76,947 $66,051 $49,215 $49,784 $38,736 
Portfolio turnover rateH 3%G,I 4%I 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 G Annualized

 H Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 I Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity 500 Index Fund Institutional Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.16 $83.00 $68.15 $74.73 $66.11 $53.82 
Income from Investment Operations       
Net investment income (loss)B .91 1.71 1.59 1.49 1.48 1.22 
Net realized and unrealized gain (loss) 6.56 12.28 15.22 (6.05) 8.64 12.26 
Total from investment operations 7.47 13.99 16.81 (4.56) 10.12 13.48 
Distributions from net investment income (.85) (1.67) (1.56) (1.56) (1.35) (1.19) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.93)C (1.83)D (1.96) (2.02) (1.50)E (1.19) 
Net asset value, end of period $101.70 $95.16 $83.00 $68.15 $74.73 $66.11 
Total ReturnF,G 7.94% 17.07% 24.94% (6.21)% 15.47% 25.33% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .03%J .03% .04% .05% .05% .05% 
Expenses net of fee waivers, if any .03%J .03% .04% .04% .04% .04% 
Expenses net of all reductions .03%J .03% .04% .04% .04% .04% 
Net investment income (loss) 1.89%J 1.94% 2.09% 2.07% 2.12% 2.03% 
Supplemental Data       
Net assets, end of period (in millions) $36,463 $34,461 $32,087 $23,860 $25,621 $22,636 
Portfolio turnover rateK 3%J,L 4%L 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.93 per share is comprised of distributions from net investment income of $.845 and distributions from net realized gain of $.087 per share.

 D Total distributions of $1.83 per share is comprised of distributions from net investment income of $1.673 and distributions from net realized gain of $.153 per share.

 E Total distributions of $1.50 per share is comprised of distributions from net investment income of $1.347 and distributions from net realized gain of $.157 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 L Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity 500 Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016 A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $95.15 $83.00 $68.15 $74.73 $66.11 $53.83 
Income from Investment Operations       
Net investment income (loss)B .91 1.74 1.61 1.50 1.50 1.24 
Net realized and unrealized gain (loss) 6.58 12.25 15.21 (6.05) 8.64 12.24 
Total from investment operations 7.49 13.99 16.82 (4.55) 10.14 13.48 
Distributions from net investment income (.85) (1.69) (1.58) (1.57) (1.36) (1.20) 
Distributions from net realized gain (.09) (.15) (.40) (.46) (.16) – 
Total distributions (.94) (1.84) (1.97)C (2.03) (1.52) (1.20) 
Net asset value, end of period $101.70 $95.15 $83.00 $68.15 $74.73 $66.11 
Total ReturnD,E 7.96% 17.08% 24.97% (6.19)% 15.50% 25.34% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .02%H .02% .02% .03% .03% .03% 
Expenses net of fee waivers, if any .02%H .02% .02% .02% .02% .02% 
Expenses net of all reductions .02%H .02% .02% .02% .02% .02% 
Net investment income (loss) 1.90%H 1.96% 2.11% 2.09% 2.14% 2.05% 
Supplemental Data       
Net assets, end of period (in millions) $41,508 $32,225 $14,824 $6,722 $6,217 $3,506 
Portfolio turnover rateI 3%H,J 4%J 5% 5% 4% 4% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.97 per share is comprised of distributions from net investment income of $1.576 and distributions from net realized gain of $.398 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 J Portfolio turnover rate excludes securities received or delivered in-kind

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended August 31, 2018
(Amounts in thousands except percentages)

1. Organization.

Fidelity 500 Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Premium Class, Institutional Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – 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 the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of August 31, 2018, is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees of $3,542 are included in the accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, respectively.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, market discount, redemptions in kind, deferred trustees compensation and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation $79,878,279 
Gross unrealized depreciation (4,012,026) 
Net unrealized appreciation (depreciation) $75,866,253 
Tax cost $89,281,700 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures 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 and 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:

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.
 

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. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

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 and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, aggregated $10,239,318 and $2,354,676, respectively.

Redemptions In-Kind. During the period, 4,681 shares of the Fund held by an unaffiliated entity were redeemed in-kind for investments and cash with a value of $476,075. The net realized gain of $358,360 on investments delivered through the in-kind redemptions is included in the accompanying Statement of Operations. The amount of the redemptions is included in share transactions activity shown in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

Exchanges In-Kind. Investments and cash received in-kind through subscriptions totaled $44,133 in exchange for 473 shares of the Fund. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

Prior Fiscal Year Redemptions In-Kind. During the prior period, 18,388 shares of the Fund held by unaffiliated entities were redeemed in-kind for investments and cash with a value of $1,534,318. The Fund had a net realized gain of $1,107,402 on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the accompanying Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

Prior Fiscal Year Exchanges In-Kind. During the prior period, investments and cash received in-kind through subscriptions totaled $605,912 in exchange for 6,640 shares of the Fund. The amount of in-kind exchanges is included in shares transactions in the accompanying Notes to Financials. The Fund recognized no gain or loss for federal income tax purposes.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .015% of the Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

Effective August 1, 2018, the Board approved an amendment to the expense contract. Under the expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed .015% of each class' average net assets on an annual basis with certain exceptions.

Prior to August 1, 2018, the investment adviser paid class-level expenses as necessary so that the total expenses did not exceed .09%, .035%, .030% and .015% for Investor Class, Premium Class, Institutional Class and Institutional Premium Class, respectively.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of class-level average net assets for Investor Class, Premium Class, Institutional Class and Institutional Premium Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Effective August 1, 2018, under the amended expense contract, Investor Class, Premium Class, Institutional Class and Institutional Premium Class pay no transfer agent fees. Prior to August 1, 2018, Investor Class, Premium Class and Institutional Class paid all or a portion of the transfer agent fees at an annual rate of .075%, .02% and .015% of class-level average net assets, respectively, and Institutional Premium Class did not pay transfer agent fees.

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Amount % of Class-Level Average Net Assets 
Investor Class $1,186 .062 
Premium Class 6,458 .017 
Institutional Class 2,142 .012 
 $9,786  

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Redemptions In-Kind. During the period, 2,548 shares of the Fund held by an affiliated entity were redeemed in-kind for investments and cash with a value of $236,624. The net realized gain of $176,347 on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets as well as the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $203 and is reflected in Commitment fees on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $949. During the period, there were no securities loaned to FCM.

9. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's miscellaneous expense by $8.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
August 31, 2018 		Year ended
February 28, 2018 
From net investment income   
Investor Class $32,311 $71,890 
Premium Class 684,386 1,329,438 
Institutional Class 303,334 638,829 
Institutional Premium Class 318,725 356,497 
Total $1,338,756 $2,396,654 
From net realized gain   
Investor Class $3,521 $6,999 
Premium Class 70,474 122,417 
Institutional Class 31,561 58,190 
Institutional Premium Class 30,664 30,961 
Total $136,220 $218,567 

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended August 31, 2018 Year ended February 28, 2018 Six months ended August 31, 2018 Year ended February 28, 2018 
Investor Class     
Shares sold 7,669 27,506 $735,748 $2,422,971 
Reinvestment of distributions 354 837 33,089 72,968 
Shares redeemed (10,683) (33,550) (1,027,493) (2,964,308) 
Net increase (decrease) (2,660) (5,207) $(258,656) $(468,369) 
Premium Class     
Shares sold 69,559 175,324 $6,676,719 $15,578,782 
Reinvestment of distributions 7,515 15,466 702,793 1,350,249 
Shares redeemed (71,421) (177,971)(a) (6,871,805) (15,733,233)(a) 
Net increase (decrease) 5,653 12,819 $507,707 $1,195,798 
Institutional Class     
Shares sold 53,683(b) 127,928(c) $5,154,646(b) $11,322,826(c) 
Reinvestment of distributions 3,490 7,812 326,314 681,273 
Shares redeemed (60,800)(d) (160,189)(a) (5,812,847)(d) (14,275,460)(a) 
Net increase (decrease) (3,627) (24,449) $(331,887) $(2,271,361) 
Institutional Premium Class     
Shares sold 98,939 209,698(c) $9,490,311 $19,094,587(c) 
Reinvestment of distributions 3,684 4,399 344,974 386,209 
Shares redeemed (33,147)(d) (54,039) (3,217,275)(d) (4,782,505) 
Net increase (decrease) 69,476 160,058 $6,618,010 $14,698,291 

 (a) Amount includes in-kind redemptions (see the Prior Fiscal Year Redemptions In-Kind note for additional details).

 (b) Amount includes in-kind exchanges (see the Exchanges In-Kind note for additional details).

 (c) Amount includes in-kind exchanges (see the Prior Fiscal Year Exchange In-Kind note for additional details).

 (d) Amount includes in-kind redemptions (see the Redemptions In-Kind note for additional details).

12. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2018 to August 31, 2018).

Actual Expenses

The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
March 1, 2018 		Ending
Account Value
August 31, 2018 		Expenses Paid
During Period-B
March 1, 2018
to August 31, 2018 
Investor Class .08%    
Actual  $1,000.00 $1,079.20 $.42** 
Hypothetical-C  $1,000.00 $1,024.80 $.41** 
Premium Class .03%    
Actual  $1,000.00 $1,079.50 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Class .03%    
Actual  $1,000.00 $1,079.40 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Premium Class .02%    
Actual  $1,000.00 $1,079.60 $.10 
Hypothetical-C  $1,000.00 $1,025.10 $.10 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

 C 5% return per year before expenses

** If fees and changes to the class level expense contract and/ or expense cap, effective August 1, 2018, had been in effect for the entire current period, the restated annualized expense ratio would have been .02% and the expenses paid in the actual and hypothetical examples above would have been $.10 and $.10, respectively.

Board Approval of Investment Advisory Contracts

Fidelity 500 Index Fund

At its July 2018 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreement with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the fund for six months through January 31, 2019, in connection with the reunification of the Fidelity Equity High Income Funds Board, which oversees the fund, and the Sector Portfolios Board.

The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management.

The Board considered that the contractual arrangements for the fund that oblige FMR to pay all "class-level" expenses of each class of the fund to the extent necessary to limit total expenses, with certain exceptions, were being set at 0.015% for all classes.

The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification, through January 31, 2019, with the understanding that the Board will consider the annual renewal for a full one year period in January 2019.

In connection with its consideration of future renewals of the fund's Advisory Contracts, the Board will consider: (i) the nature, extent and quality of services provided to the fund, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for the fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing the fund and its shareholders, to the extent applicable, as well as potential fall-out benefits from Fidelity's non-fund businesses; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the fund's management fee structure is fair and reasonable, and that the continuation of the fund's Advisory Contracts should be approved.





Fidelity Investments

UEI-SANN-1018
1.536672.121

Fidelity® Total Market Index Fund
Class F



Semi-Annual Report

August 31, 2018



Fidelity Investments


Contents

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2018 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Apple, Inc. 3.7 
Microsoft Corp. 2.9 
Amazon.com, Inc. 2.7 
Facebook, Inc. Class A 1.4 
Berkshire Hathaway, Inc. Class B 1.4 
JPMorgan Chase & Co. 1.3 
Alphabet, Inc. Class C 1.3 
Alphabet, Inc. Class A 1.2 
Johnson & Johnson 1.2 
Exxon Mobil Corp. 1.1 
 18.2 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 25.3 
Health Care 14.2 
Financials 14.2 
Consumer Discretionary 13.1 
Industrials 10.3 
Consumer Staples 6.0 
Energy 5.6 
Real Estate 3.6 
Materials 2.9 
Utilities 2.8 

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.7%   
 Shares Value 
CONSUMER DISCRETIONARY - 13.1%   
Auto Components - 0.3%   
Adient PLC (a) 181,691 $7,865,403 
American Axle & Manufacturing Holdings, Inc. (b) 188,109 3,331,410 
Aptiv PLC 510,121 44,895,749 
Autoliv, Inc. (a) 165,669 14,759,451 
BorgWarner, Inc. 386,356 16,910,802 
CDTi Advanced Materials, Inc. (a)(b) 8,475 3,221 
Cooper Tire & Rubber Co. (a) 104,300 3,009,055 
Cooper-Standard Holding, Inc. (b) 32,523 4,502,159 
Dana Holding Corp. 270,404 5,291,806 
Delphi Technologies PLC 171,828 6,053,500 
Dorman Products, Inc. (a)(b) 61,275 4,962,050 
Fox Factory Holding Corp. (b) 77,770 5,136,709 
Gentex Corp. 532,304 12,445,268 
Gentherm, Inc. (b) 78,354 3,855,017 
Hertz Global Holdings, Inc. (a)(b) 158,981 2,799,655 
Horizon Global Corp. (a)(b) 41,718 323,732 
LCI Industries 49,871 4,635,509 
Lear Corp. 125,595 20,371,509 
Modine Manufacturing Co. (b) 92,466 1,558,052 
Motorcar Parts of America, Inc. (a)(b) 32,435 860,825 
Shiloh Industries, Inc. (b) 23,634 212,233 
Standard Motor Products, Inc. 42,212 2,143,103 
Stoneridge, Inc. (b) 60,173 1,800,978 
Strattec Security Corp. 4,334 148,656 
Superior Industries International, Inc. 39,790 863,443 
Sypris Solutions, Inc. (b) 16,848 26,957 
Tenneco, Inc. 96,642 4,135,311 
The Goodyear Tire & Rubber Co. 462,748 10,499,752 
Tower International, Inc. 37,453 1,265,911 
UQM Technologies, Inc. (a)(b) 38,648 46,378 
Veoneer, Inc. (a)(b) 173,291 8,654,153 
Visteon Corp. (b) 57,388 6,335,061 
VOXX International Corp. (b) 39,260 212,004 
Workhorse Group, Inc. (a)(b) 43,808 44,684 
  199,959,506 
Automobiles - 0.5%   
Ford Motor Co. 7,565,984 71,725,528 
General Motors Co. 2,461,659 88,742,807 
Harley-Davidson, Inc. 318,145 13,559,340 
REV Group, Inc. (a) 55,706 947,559 
Tesla, Inc. (a)(b) 259,511 78,284,088 
Thor Industries, Inc. 95,137 9,079,875 
Winnebago Industries, Inc. 53,916 1,992,196 
  264,331,393 
Distributors - 0.1%   
Core-Mark Holding Co., Inc. 91,667 3,278,929 
Educational Development Corp. 5,732 68,784 
Genuine Parts Co. 285,754 28,532,537 
LKQ Corp. (b) 602,544 20,799,819 
Pool Corp. 79,418 13,045,201 
Weyco Group, Inc. 6,395 226,831 
  65,952,101 
Diversified Consumer Services - 0.2%   
Adtalem Global Education, Inc. (b) 121,167 5,797,841 
American Public Education, Inc. (b) 34,036 1,182,751 
Ascent Capital Group, Inc. (b) 16,905 34,655 
Bridgepoint Education, Inc. (b) 52,176 613,590 
Bright Horizons Family Solutions, Inc. (b) 115,034 13,738,511 
Cambium Learning Group, Inc. (b) 26,588 355,747 
Career Education Corp. (b) 119,651 1,908,433 
Carriage Services, Inc. 24,048 547,573 
Chegg, Inc. (a)(b) 166,149 5,379,905 
Collectors Universe, Inc. 6,416 95,791 
Graham Holdings Co. 8,988 5,057,098 
Grand Canyon Education, Inc. (b) 92,016 10,962,786 
H&R Block, Inc. 401,847 10,873,980 
Houghton Mifflin Harcourt Co. (b) 207,270 1,336,892 
K12, Inc. (b) 75,246 1,246,074 
Laureate Education, Inc. Class A (b) 118,560 1,893,403 
Lincoln Educational Services Corp. (b) 15,671 34,476 
National American University Holdings, Inc. 5,378 4,733 
Regis Corp. (b) 65,150 1,393,559 
Service Corp. International 355,312 14,908,892 
ServiceMaster Global Holdings, Inc. (b) 263,570 15,885,364 
Sotheby's Class A (Ltd. vtg.) (a)(b) 77,436 3,718,477 
Strategic Education, Inc. 40,901 5,675,832 
Universal Technical Institute, Inc. (b) 29,419 80,020 
Weight Watchers International, Inc. (a)(b) 70,718 5,296,778 
Xpresspa Group, Inc. (b) 9,862 1,702 
  108,024,863 
Hotels, Restaurants & Leisure - 1.9%   
ARAMARK Holdings Corp. 479,975 19,717,373 
Belmond Ltd. Class A (b) 165,347 2,769,562 
BFC Financial Corp. Class A 157,194 1,167,951 
Biglari Holdings, Inc. (b) 247 236,656 
Biglari Holdings, Inc. (b) 2,475 488,936 
BJ's Restaurants, Inc. 35,904 2,717,933 
Bloomin' Brands, Inc. 181,456 3,502,101 
Bojangles', Inc. (a)(b) 34,765 507,569 
Boyd Gaming Corp. 160,056 5,829,240 
Brinker International, Inc. 86,305 3,821,585 
Caesars Entertainment Corp. (a)(b) 273,134 2,785,967 
Carnival Corp. 783,753 48,192,972 
Carrols Restaurant Group, Inc. (b) 61,598 973,248 
Century Casinos, Inc. (b) 44,390 355,120 
Chipotle Mexican Grill, Inc. (b) 47,391 22,519,255 
Choice Hotels International, Inc. 75,738 5,911,351 
Churchill Downs, Inc. 21,746 6,145,420 
Chuy's Holdings, Inc. (a)(b) 33,149 959,664 
Cracker Barrel Old Country Store, Inc. (a) 45,340 6,759,741 
Darden Restaurants, Inc. 238,981 27,731,355 
Dave & Buster's Entertainment, Inc. (b) 73,713 4,287,885 
Del Frisco's Restaurant Group, Inc. (b) 76,669 724,522 
Del Taco Restaurants, Inc. (b) 75,328 973,991 
Denny's Corp. (b) 128,799 1,941,001 
Dine Brands Global, Inc. (a) 36,646 3,057,009 
Domino's Pizza, Inc. 81,566 24,352,345 
Dover Downs Gaming & Entertainment, Inc. (a)(b) 54,619 174,781 
Dover Motorsports, Inc. 9,993 20,486 
Drive Shack, Inc. (b) 106,917 662,885 
Dunkin' Brands Group, Inc. (a) 158,881 11,580,836 
El Pollo Loco Holdings, Inc. (b) 42,298 503,346 
Eldorado Resorts, Inc. (a)(b) 117,072 5,625,310 
Empire Resorts, Inc. (b) 4,022 50,074 
Extended Stay America, Inc. unit 367,918 7,424,585 
Famous Dave's of America, Inc. (a)(b) 7,623 50,693 
Fiesta Restaurant Group, Inc. (b) 50,677 1,456,964 
Golden Entertainment, Inc. (b) 33,622 975,374 
Good Times Restaurants, Inc. (b) 7,939 38,901 
Habit Restaurants, Inc. Class A (a)(b) 36,946 611,456 
Hilton Grand Vacations, Inc. (b) 187,085 6,110,196 
Hilton Worldwide Holdings, Inc. 535,957 41,600,982 
Hyatt Hotels Corp. Class A 92,384 7,146,826 
ILG, Inc. 199,231 6,799,754 
Inspired Entertainment, Inc. (b) 3,769 26,760 
International Speedway Corp. Class A 44,736 1,975,094 
J. Alexanders Holdings, Inc. (b) 20,559 254,932 
Jack in the Box, Inc. 54,956 4,981,212 
Jamba, Inc. (a)(b) 31,127 404,028 
Kona Grill, Inc. (a)(b) 8,466 21,588 
Las Vegas Sands Corp. 707,662 46,295,248 
Lindblad Expeditions Holdings (b) 48,584 737,991 
Luby's, Inc. (b) 14,614 29,520 
Marriott International, Inc. Class A 573,134 72,484,257 
Marriott Vacations Worldwide Corp. (a) 47,812 5,689,628 
McDonald's Corp. 1,520,914 246,737,878 
MGM Mirage, Inc. 967,766 28,055,536 
Monarch Casino & Resort, Inc. (b) 19,895 936,060 
Nathan's Famous, Inc. 4,365 387,176 
Noodles & Co. (b) 77,002 947,125 
Norwegian Cruise Line Holdings Ltd. (b) 397,580 21,314,264 
Papa John's International, Inc. (a) 45,834 2,113,864 
Papa Murphy's Holdings, Inc. (a)(b) 22,690 125,930 
Penn National Gaming, Inc. (b) 158,816 5,472,799 
Pinnacle Entertainment, Inc. (b) 102,955 3,525,179 
Planet Fitness, Inc. (b) 173,759 8,926,000 
Playa Hotels & Resorts NV (b) 140,860 1,455,084 
PlayAGS, Inc. (a)(b) 43,230 1,385,089 
Potbelly Corp. (b) 40,772 552,461 
Rave Restaurant Group, Inc. (a)(b) 9,079 11,712 
RCI Hospitality Holdings, Inc. 15,482 502,081 
Red Lion Hotels Corp. (b) 39,040 532,896 
Red Robin Gourmet Burgers, Inc. (a)(b) 26,573 1,097,465 
Red Rock Resorts, Inc. 146,708 4,788,549 
Royal Caribbean Cruises Ltd. 330,573 40,521,638 
Ruth's Hospitality Group, Inc. 51,983 1,601,076 
Scientific Games Corp. Class A (b) 99,063 3,001,609 
SeaWorld Entertainment, Inc. (b) 127,392 3,735,133 
Shake Shack, Inc. Class A (a)(b) 40,965 2,476,334 
Six Flags Entertainment Corp. 148,179 10,009,491 
Sonic Corp. (a) 74,649 2,676,913 
Speedway Motorsports, Inc. 23,497 420,361 
Starbucks Corp. 2,667,937 142,601,233 
Texas Roadhouse, Inc. Class A 123,753 8,532,769 
The Cheesecake Factory, Inc. (a) 85,660 4,554,542 
Town Sports International Holdings, Inc. (b) 41,284 377,749 
U.S. Foods Holding Corp. (b) 262,925 8,568,726 
Vail Resorts, Inc. 78,002 23,248,496 
Wendy's Co. 365,963 6,459,247 
Wingstop, Inc. 55,195 3,695,305 
Wyndham Destinations, Inc. 185,484 8,198,393 
Wyndham Hotels & Resorts, Inc. 196,365 11,143,714 
Wynn Resorts Ltd. 163,093 24,193,216 
Yum! Brands, Inc. 624,046 54,223,357 
Zoe's Kitchen, Inc. (a)(b) 52,844 723,963 
  1,111,993,872 
Household Durables - 0.5%   
AV Homes, Inc. (a)(b) 17,632 378,206 
Bassett Furniture Industries, Inc. 18,263 426,441 
Beazer Homes U.S.A., Inc. (b) 65,476 838,748 
Cavco Industries, Inc. (b) 16,004 3,927,382 
Century Communities, Inc. (b) 43,258 1,265,297 
Comstock Holding Companies, Inc. (a)(b) 1,496 4,189 
CSS Industries, Inc. 16,118 223,718 
D.R. Horton, Inc. 659,836 29,369,300 
Dixie Group, Inc. (b) 11,105 18,879 
Emerson Radio Corp. (b) 23,724 34,637 
Ethan Allen Interiors, Inc. 53,577 1,192,088 
Flexsteel Industries, Inc. 9,186 327,756 
Garmin Ltd. 216,150 14,728,461 
GoPro, Inc. Class A (a)(b) 213,647 1,369,477 
Green Brick Partners, Inc. (b) 37,398 390,809 
Hamilton Beach Brands Holding Co. Class A 20,505 474,691 
Helen of Troy Ltd. (b) 53,200 6,328,140 
Hooker Furniture Corp. 23,607 992,674 
Hovnanian Enterprises, Inc. Class A (a)(b) 177,163 276,374 
Installed Building Products, Inc. (b) 45,849 2,134,271 
iRobot Corp. (a)(b) 54,125 6,143,188 
KB Home 166,267 4,131,735 
Koss Corp. (b) 2,669 9,715 
La-Z-Boy, Inc. 91,907 3,055,908 
Leggett & Platt, Inc. (a) 249,108 11,319,468 
Lennar Corp.:   
Class A 540,686 27,937,246 
Class B 9,673 408,007 
LGI Homes, Inc. (a)(b) 35,114 2,022,566 
Libbey, Inc. 41,937 412,241 
Lifetime Brands, Inc. 14,046 163,636 
M.D.C. Holdings, Inc. 99,376 3,150,219 
M/I Homes, Inc. (b) 59,108 1,531,488 
Meritage Homes Corp. (b) 78,833 3,401,644 
Mohawk Industries, Inc. (b) 121,467 23,271,863 
New Home Co. LLC (b) 17,775 156,065 
Newell Brands, Inc. 935,654 20,322,405 
Nova LifeStyle, Inc. (a)(b) 26,136 46,522 
NVR, Inc. (b) 6,477 17,283,551 
PulteGroup, Inc. (a) 497,686 13,910,324 
Roku, Inc. Class A (a) 86,359 5,137,497 
Skyline Champion Corp. 15,881 459,120 
Taylor Morrison Home Corp. (b) 213,917 4,162,825 
Tempur Sealy International, Inc. (a)(b) 87,333 4,837,375 
Toll Brothers, Inc. 278,640 10,095,127 
TopBuild Corp. (b) 72,015 4,485,094 
TRI Pointe Homes, Inc. (a)(b) 285,631 4,138,793 
Tupperware Brands Corp. 98,214 3,193,919 
Turtle Beach Corp. (a)(b) 12,175 278,929 
Universal Electronics, Inc. (b) 28,445 1,228,824 
Vuzix Corp. (a)(b) 35,528 230,932 
Whirlpool Corp. 124,156 15,517,017 
William Lyon Homes, Inc. (b) 53,155 1,040,243 
Zagg, Inc. (b) 47,415 768,123 
  258,953,147 
Internet & Direct Marketing Retail - 3.7%   
1-800-FLOWERS.com, Inc. Class A (b) 67,294 810,893 
Amazon.com, Inc. (b) 779,436 1,568,778,632 
Blue Apron Holdings, Inc. Class A (a)(b) 67,371 136,089 
Duluth Holdings, Inc. (a)(b) 29,946 866,637 
EVINE Live, Inc. (b) 71,405 91,398 
Expedia, Inc. 234,656 30,622,608 
FTD Companies, Inc. (b) 25,393 90,907 
Gaia, Inc. Class A (b) 16,336 285,880 
Groupon, Inc. (b) 761,063 3,249,739 
Lands' End, Inc. (a)(b) 31,890 819,573 
Liberty Expedia Holdings, Inc. (b) 113,147 5,221,734 
Liberty Interactive Corp. QVC Group Series A (b) 866,824 18,021,271 
Liberty TripAdvisor Holdings, Inc. (b) 137,066 2,172,496 
Netflix, Inc. (b) 841,160 309,277,709 
NutriSystem, Inc. 59,492 2,201,204 
Overstock.com, Inc. (a)(b) 36,823 1,075,232 
PetMed Express, Inc. (a) 38,488 1,412,125 
Shutterfly, Inc. (a)(b) 63,827 4,958,081 
The Booking Holdings, Inc. (b) 93,202 181,888,363 
TripAdvisor, Inc. (a)(b) 205,604 11,166,353 
U.S. Auto Parts Network, Inc. (b) 5,048 7,370 
Wayfair LLC Class A (a)(b) 83,777 11,324,137 
  2,154,478,431 
Leisure Products - 0.1%   
American Outdoor Brands Corp. (b) 96,497 1,353,853 
Brunswick Corp. 170,585 11,330,256 
Callaway Golf Co. 178,654 4,075,098 
Clarus Corp. 39,765 411,568 
Escalade, Inc. 7,022 93,393 
Hasbro, Inc. 219,161 21,764,879 
JAKKS Pacific, Inc. (a)(b) 36,433 92,904 
Johnson Outdoors, Inc. Class A 11,590 1,173,835 
Malibu Boats, Inc. Class A (b) 41,559 2,003,559 
Marine Products Corp. 11,741 230,593 
Mattel, Inc. (a) 665,394 10,267,029 
MCBC Holdings, Inc. (b) 29,639 817,147 
Nautilus, Inc. (b) 60,465 885,812 
Polaris Industries, Inc. 112,876 12,241,402 
Sturm, Ruger & Co., Inc. (a) 33,314 2,180,401 
Summer Infant, Inc. (b) 32,605 62,602 
Vista Outdoor, Inc. (b) 127,654 2,357,769 
  71,342,100 
Media - 2.3%   
A.H. Belo Corp. Class A 22,177 97,579 
Altice U.S.A., Inc. Class A 232,750 4,170,880 
AMC Entertainment Holdings, Inc. Class A 98,115 1,869,091 
AMC Networks, Inc. Class A (a)(b) 89,247 5,605,604 
Ballantyne of Omaha, Inc. (b) 17,964 78,143 
Cable One, Inc. 8,949 7,496,935 
CBS Corp. Class B 680,172 36,062,719 
Central European Media Enterprises Ltd. Class A (b) 124,885 474,563 
Charter Communications, Inc. Class A (a)(b) 359,235 111,506,544 
Cinedigm Corp. (b) 5,614 7,018 
Cinemark Holdings, Inc. 208,843 7,794,021 
Clear Channel Outdoor Holding, Inc. Class A 77,307 351,747 
Comcast Corp. Class A 8,885,843 328,687,333 
Daily Journal Corp. (a)(b) 644 153,562 
Discovery Communications, Inc.:   
Class A (a)(b) 319,936 8,903,819 
Class C (non-vtg.) (b) 640,780 16,429,599 
DISH Network Corp. Class A (b) 448,226 15,844,789 
E.W. Scripps Co. Class A 104,171 1,528,189 
Emmis Communications Corp. Class A (b) 1,993 10,124 
Entercom Communications Corp. Class A 253,845 1,992,683 
Entravision Communication Corp. Class A 112,796 592,179 
Fluent, Inc. (a)(b) 74,077 177,785 
Gannett Co., Inc. 225,017 2,313,175 
GCI Liberty, Inc. (b) 199,273 9,780,319 
Global Eagle Entertainment, Inc. (a)(b) 104,573 278,164 
Gray Television, Inc. (b) 155,347 2,710,805 
Harte-Hanks, Inc. (b) 4,548 39,067 
Hemisphere Media Group, Inc. (b) 12,793 175,264 
Insignia Systems, Inc. (b) 5,038 10,983 
Interpublic Group of Companies, Inc. 744,848 17,392,201 
John Wiley & Sons, Inc. Class A 90,167 5,820,280 
Lee Enterprises, Inc. (b) 85,702 244,251 
Liberty Broadband Corp.:   
Class A (b) 36,926 2,991,006 
Class C (b) 309,886 25,128,656 
Liberty Global PLC:   
Class A (b) 411,278 11,026,363 
Class C (b) 1,169,608 30,281,151 
Liberty Latin America Ltd. (b) 238,567 4,683,070 
Liberty Latin America Ltd. Class A (a)(b) 77,452 1,526,579 
Liberty Media Corp.:   
Liberty Braves Class A (b) 14,273 380,804 
Liberty Braves Class C (b) 76,194 2,024,475 
Liberty Formula One Group Series C (b) 402,255 14,867,345 
Liberty Media Class A (b) 46,551 1,628,354 
Liberty SiriusXM Series A (b) 131,422 6,142,664 
Liberty SiriusXM Series C (b) 365,783 17,206,432 
Lions Gate Entertainment Corp.:   
Class A (a) 145,390 3,419,573 
Class B 201,823 4,530,926 
Live Nation Entertainment, Inc. (b) 261,567 12,994,649 
LiveXLive Media, Inc. (a)(b) 25,647 130,030 
Loral Space & Communications Ltd. (b) 24,624 1,092,074 
Marcus Corp. 38,691 1,570,855 
Meredith Corp. 75,392 3,893,997 
MSG Network, Inc. Class A (a)(b) 116,814 2,838,580 
National CineMedia, Inc. 108,730 989,443 
New Media Investment Group, Inc. 138,364 2,199,988 
News Corp.:   
Class A 825,180 10,785,103 
Class B 150,998 2,053,573 
Nexstar Broadcasting Group, Inc. Class A 90,705 7,437,810 
Omnicom Group, Inc. (a) 439,557 30,470,091 
Reading International, Inc. Class A (b) 19,772 318,329 
RLJ Entertainment, Inc. (b) 5,726 35,788 
Saga Communications, Inc. Class A 3,882 147,516 
Salem Communications Corp. Class A 10,842 41,742 
Scholastic Corp. 52,798 2,219,628 
Sinclair Broadcast Group, Inc. Class A 143,587 4,156,844 
Sirius XM Holdings, Inc. (a) 2,832,370 20,109,827 
Social Reality, Inc. (a)(b) 7,116 30,883 
Tegna, Inc. 404,044 4,703,072 
The Madison Square Garden Co. (b) 32,008 9,664,496 
The McClatchy Co. Class A (a)(b) 6,072 54,648 
The New York Times Co. Class A (a) 260,178 6,062,147 
The Walt Disney Co. 2,876,969 322,278,067 
Townsquare Media, Inc. 1,285 11,475 
Tribune Media Co. Class A 137,277 5,064,149 
tronc, Inc. (b) 51,781 854,387 
Twenty-First Century Fox, Inc.:   
Class A 2,008,293 91,176,502 
Class B 878,618 39,449,948 
Urban One, Inc.:   
Class A (a)(b) 7,797 17,933 
Class D (non-vtg.) (b) 32,336 71,139 
Viacom, Inc. Class B (non-vtg.) 702,717 20,575,554 
World Wrestling Entertainment, Inc. Class A 75,130 6,567,113 
  1,324,504,193 
Multiline Retail - 0.4%   
Big Lots, Inc. (a) 84,039 3,617,879 
Dillard's, Inc. Class A (a) 40,152 3,155,144 
Dollar General Corp. 490,831 52,877,224 
Dollar Tree, Inc. (b) 457,955 36,869,957 
Fred's, Inc. Class A (a) 52,965 90,570 
JC Penney Corp., Inc. (a)(b) 587,373 1,039,650 
Kohl's Corp. 323,306 25,576,738 
Macy's, Inc. 591,490 21,618,960 
Nordstrom, Inc. 230,007 14,455,940 
Ollie's Bargain Outlet Holdings, Inc. (a)(b) 96,514 8,406,369 
Sears Holdings Corp. (a)(b) 98,150 131,521 
Target Corp. 1,036,338 90,679,575 
Tuesday Morning Corp. (a)(b) 61,992 189,076 
  258,708,603 
Specialty Retail - 2.3%   
Aaron's, Inc. Class A 121,761 6,053,957 
Abercrombie & Fitch Co. Class A 133,398 2,890,735 
Advance Auto Parts, Inc. 143,307 23,506,647 
America's Car Mart, Inc. (b) 12,295 1,026,018 
American Eagle Outfitters, Inc. 317,713 8,247,829 
Armstrong Flooring, Inc. (b) 44,365 776,831 
Asbury Automotive Group, Inc. (b) 40,476 3,015,462 
Ascena Retail Group, Inc. (a)(b) 349,700 1,601,626 
At Home Group, Inc. (b) 49,373 1,698,925 
AutoNation, Inc. (b) 112,063 5,082,057 
AutoZone, Inc. (b) 51,329 39,363,184 
Barnes & Noble Education, Inc. (b) 60,796 363,560 
Barnes & Noble, Inc. 136,068 714,357 
Bed Bath & Beyond, Inc. 260,771 4,678,232 
Best Buy Co., Inc. 474,196 37,727,034 
Big 5 Sporting Goods Corp. (a) 30,148 171,844 
Boot Barn Holdings, Inc. (a)(b) 56,571 1,693,170 
Build-A-Bear Workshop, Inc. (b) 20,831 191,645 
Burlington Stores, Inc. (b) 129,732 21,818,328 
Caleres, Inc. 81,369 3,293,817 
Camping World Holdings, Inc. (a) 60,852 1,260,245 
CarMax, Inc. (a)(b) 354,626 27,678,559 
Cars.com, Inc. (a)(b) 141,815 3,816,242 
Chico's FAS, Inc. 255,796 2,332,860 
Christopher & Banks Corp. (a)(b) 57,707 56,553 
Citi Trends, Inc. 26,292 813,474 
Conn's, Inc. (a)(b) 50,034 2,051,394 
Destination Maternity Corp. (b) 22,235 111,620 
Destination XL Group, Inc. (a)(b) 51,406 141,367 
Dick's Sporting Goods, Inc. 154,889 5,799,044 
DSW, Inc. Class A 144,844 4,817,511 
Express, Inc. (b) 161,303 1,809,820 
Five Below, Inc. (b) 105,680 12,308,550 
Floor & Decor Holdings, Inc. Class A (a)(b) 88,718 3,261,274 
Foot Locker, Inc. 229,516 11,315,139 
Francesca's Holdings Corp. (a)(b) 57,702 362,369 
GameStop Corp. Class A (a) 189,516 2,514,877 
Gap, Inc. 420,016 12,747,486 
Genesco, Inc. (a)(b) 38,400 1,952,640 
GNC Holdings, Inc. Class A (a)(b) 120,441 373,367 
Group 1 Automotive, Inc. 38,654 2,979,837 
Guess?, Inc. 114,124 2,796,038 
Haverty Furniture Companies, Inc. 37,183 821,744 
Hibbett Sports, Inc. (a)(b) 34,547 709,941 
Home Depot, Inc. 2,232,585 448,236,090 
Kirkland's, Inc. (a)(b) 21,240 193,072 
L Brands, Inc. 477,405 12,617,814 
Lithia Motors, Inc. Class A (sub. vtg.) (a) 46,519 4,019,242 
Lowe's Companies, Inc. 1,590,615 172,979,381 
Lumber Liquidators Holdings, Inc. (a)(b) 49,362 860,380 
MarineMax, Inc. (b) 36,815 828,338 
Michaels Companies, Inc. (b) 219,067 3,721,948 
Monro, Inc. (a) 70,777 5,021,628 
Murphy U.S.A., Inc. (b) 58,955 4,892,086 
New York & Co., Inc. (b) 45,085 205,137 
O'Reilly Automotive, Inc. (b) 158,023 53,004,075 
Office Depot, Inc. 1,052,572 3,526,116 
Party City Holdco, Inc. (a)(b) 63,433 973,697 
Penske Automotive Group, Inc. 71,056 3,739,677 
Pier 1 Imports, Inc. (a) 163,568 300,965 
Rent-A-Center, Inc. (b) 93,716 1,381,374 
RH (a)(b) 36,149 5,747,691 
Ross Stores, Inc. 729,785 69,898,807 
Sally Beauty Holdings, Inc. (a)(b) 228,422 3,517,699 
Sears Hometown & Outlet Stores, Inc. (a)(b) 10,000 30,000 
Shoe Carnival, Inc. 21,330 948,332 
Signet Jewelers Ltd. (a) 114,755 7,367,271 
Sleep Number Corp. (a)(b) 68,724 2,315,999 
Sonic Automotive, Inc. Class A (sub. vtg.) 52,893 1,137,200 
Sportsman's Warehouse Holdings, Inc. (a)(b) 85,108 485,967 
Stage Stores, Inc. (a) 38,699 81,268 
Stein Mart, Inc. (a)(b) 40,412 94,160 
Tailored Brands, Inc. (a) 94,987 2,235,994 
The Buckle, Inc. (a) 65,726 1,692,445 
The Cato Corp. Class A (sub. vtg.) 58,832 1,261,946 
The Children's Place Retail Stores, Inc. 32,586 4,586,480 
The Container Store Group, Inc. (b) 29,760 336,288 
Tiffany & Co., Inc. 196,681 24,122,925 
Tile Shop Holdings, Inc. 56,926 435,484 
Tilly's, Inc. 25,457 598,749 
TJX Companies, Inc. 1,214,266 133,532,832 
Tractor Supply Co. 236,298 20,860,387 
Trans World Entertainment Corp. (b) 2,977 2,769 
Ulta Beauty, Inc. (b) 110,358 28,693,080 
Urban Outfitters, Inc. (b) 151,625 7,047,530 
Vitamin Shoppe, Inc. (a)(b) 45,231 578,957 
Williams-Sonoma, Inc. (a) 147,711 10,373,744 
Winmark Corp. 3,398 506,982 
Zumiez, Inc. (b) 31,066 967,706 
  1,312,706,921 
Textiles, Apparel & Luxury Goods - 0.8%   
Carbon Black, Inc. (a) 27,353 692,851 
Carter's, Inc. 90,259 9,561,136 
Cherokee, Inc. (a)(b) 20,319 17,474 
Columbia Sportswear Co. 57,607 5,224,955 
Crocs, Inc. (a)(b) 126,644 2,616,465 
Culp, Inc. 13,004 329,651 
Deckers Outdoor Corp. (b) 58,429 7,118,989 
Delta Apparel, Inc. (b) 4,312 79,988 
Differential Brands Group, Inc. (a)(b) 30,760 148,263 
Emerald Expositions Events, Inc. 58,843 919,128 
Fossil Group, Inc. (a)(b) 83,664 1,896,663 
G-III Apparel Group Ltd. (b) 82,934 3,771,838 
Goosehead Insurance (a) 19,603 608,085 
Hanesbrands, Inc. (a) 689,492 12,093,690 
Iconix Brand Group, Inc. (a)(b) 101,691 35,592 
J.Jill, Inc. (b) 24,557 148,324 
Lakeland Industries, Inc. (b) 6,813 89,932 
lululemon athletica, Inc. (b) 183,774 28,472,106 
Michael Kors Holdings Ltd. (b) 289,686 21,036,997 
Movado Group, Inc. 39,217 1,670,644 
Newmark Group, Inc. 231,305 2,972,269 
NIKE, Inc. Class B 2,488,009 204,514,340 
Oxford Industries, Inc. 34,526 3,214,025 
Perry Ellis International, Inc. (b) 21,985 605,247 
PetIQ, Inc. Class A (a)(b) 18,886 739,576 
PVH Corp. 149,344 21,380,087 
Ralph Lauren Corp. 106,824 14,187,295 
Rocky Brands, Inc. 10,510 316,877 
Sequential Brands Group, Inc. (a)(b) 82,806 149,051 
Skechers U.S.A., Inc. Class A (sub. vtg.) (b) 260,590 7,682,193 
Steven Madden Ltd. 106,426 6,188,672 
Stitch Fix, Inc. (a)(b) 32,567 1,321,569 
Superior Group of Companies, Inc. 11,974 226,907 
Switch, Inc. Class A (a) 92,904 1,073,970 
Tapestry, Inc. 555,983 28,182,778 
TPG RE Finance Trust, Inc. 110,110 2,273,772 
Under Armour, Inc.:   
Class A (sub. vtg.) (a)(b) 376,747 7,704,476 
Class C (non-vtg.) (a)(b) 338,744 6,425,974 
Unifi, Inc. (b) 32,934 1,047,631 
Vera Bradley, Inc. (b) 29,957 439,170 
VF Corp. 636,388 58,630,426 
Vince Holding Corp. (b) 4,485 94,589 
Wolverine World Wide, Inc. 185,482 7,267,185 
  473,170,850 
TOTAL CONSUMER DISCRETIONARY  7,604,125,980 
CONSUMER STAPLES - 6.0%   
Beverages - 1.4%   
Boston Beer Co., Inc. Class A (b) 17,915 5,430,932 
Brown-Forman Corp.:   
Class A 46,010 2,421,966 
Class B (non-vtg.) 576,947 30,128,172 
Castle Brands, Inc. (a)(b) 173,742 199,803 
Celsius Holdings, Inc. (a)(b) 5,581 25,505 
Coca-Cola Bottling Co. Consolidated 9,702 1,645,071 
Constellation Brands, Inc. Class A (sub. vtg.) 325,717 67,814,279 
Craft Brew Alliance, Inc. (b) 14,306 271,099 
Keurig Dr. Pepper, Inc. 339,925 7,750,290 
MGP Ingredients, Inc. (a) 24,369 1,879,094 
Molson Coors Brewing Co. Class B 355,276 23,711,120 
Monster Beverage Corp. (b) 805,932 49,073,199 
National Beverage Corp. (a) 22,740 2,679,682 
New Age Beverages Corp. (a)(b) 33,316 49,308 
PepsiCo, Inc. 2,744,785 307,443,368 
Primo Water Corp. (b) 73,505 1,470,100 
REED'S, Inc. (a)(b) 1,830 6,039 
The Coca-Cola Co. 7,408,942 330,216,545 
  832,215,572 
Food & Staples Retailing - 1.3%   
Andersons, Inc. 52,768 2,155,573 
Casey's General Stores, Inc. 72,316 8,256,318 
Chefs' Warehouse Holdings (a)(b) 42,131 1,238,651 
Costco Wholesale Corp. 847,150 197,496,080 
Ingles Markets, Inc. Class A 27,092 973,957 
Kroger Co. 1,568,624 49,411,656 
Natural Grocers by Vitamin Cottage, Inc. (a)(b) 12,082 234,512 
Performance Food Group Co. (b) 173,233 5,734,012 
PriceSmart, Inc. 44,258 3,843,807 
Rite Aid Corp. (a)(b) 2,073,503 2,840,699 
Smart & Final Stores, Inc. (b) 46,551 325,857 
SpartanNash Co. 73,184 1,562,478 
Sprouts Farmers Market LLC (b) 232,354 6,150,410 
SUPERVALU, Inc. (b) 84,298 2,721,982 
Sysco Corp. 925,873 69,273,818 
United Natural Foods, Inc. (b) 95,946 3,407,042 
Village Super Market, Inc. Class A 10,106 294,893 
Walgreens Boots Alliance, Inc. 1,654,497 113,432,314 
Walmart, Inc. 2,801,224 268,525,333 
Weis Markets, Inc. (a) 34,945 1,628,088 
Welbilt, Inc. (b) 274,877 6,083,028 
  745,590,508 
Food Products - 1.1%   
Alico, Inc. 4,002 129,265 
Archer Daniels Midland Co. 1,082,838 54,575,035 
B&G Foods, Inc. Class A (a) 128,366 4,101,294 
Bunge Ltd. 273,076 17,744,478 
Cal-Maine Foods, Inc. 58,088 2,872,452 
Calavo Growers, Inc. (a) 30,246 3,201,539 
Campbell Soup Co. (a) 367,725 14,506,751 
Coffee Holding Co., Inc. (b) 3,401 17,379 
ConAgra Foods, Inc. 753,077 27,675,580 
Darling International, Inc. (b) 320,453 6,338,560 
Dean Foods Co. (a) 162,447 1,237,846 
Farmer Brothers Co. (a)(b) 27,261 790,569 
Flowers Foods, Inc. 375,117 7,558,608 
Fresh Del Monte Produce, Inc. 75,165 2,814,178 
Freshpet, Inc. (a)(b) 50,186 1,864,410 
General Mills, Inc. 1,142,077 52,546,963 
Hormel Foods Corp. (a) 525,328 20,566,591 
Hostess Brands, Inc. Class A (a)(b) 143,616 1,688,924 
Ingredion, Inc. 139,347 14,083,801 
J&J Snack Foods Corp. 28,653 4,169,012 
John B. Sanfilippo & Son, Inc. 17,222 1,258,412 
Kellogg Co. 482,493 34,638,172 
Lamb Weston Holdings, Inc. 279,395 18,887,102 
Lancaster Colony Corp. 37,363 5,838,716 
Landec Corp. (b) 37,230 500,744 
Lifeway Foods, Inc. (b) 1,962 7,063 
Limoneira Co. 27,146 837,454 
McCormick & Co., Inc. (non-vtg.) (a) 238,025 29,724,562 
Mondelez International, Inc. 2,848,224 121,676,129 
nLIGHT, Inc. (b) 16,268 501,217 
Pilgrim's Pride Corp. (a)(b) 106,035 1,960,587 
Pinnacle Foods, Inc. 228,760 15,194,239 
Post Holdings, Inc. (a)(b) 132,122 12,850,186 
Sanderson Farms, Inc. (a) 41,809 4,421,720 
Seaboard Corp. 559 2,059,792 
Seneca Foods Corp. Class A (b) 10,446 337,406 
The Hain Celestial Group, Inc. (b) 195,834 5,593,019 
The Hershey Co. 267,220 26,860,954 
The J.M. Smucker Co. (a) 217,711 22,506,963 
The Kraft Heinz Co. 1,157,959 67,474,271 
The Simply Good Foods Co. (a)(b) 130,919 2,356,542 
Tootsie Roll Industries, Inc. (a) 48,416 1,394,381 
TreeHouse Foods, Inc. (a)(b) 111,858 5,827,802 
Tyson Foods, Inc. Class A 573,631 36,029,763 
  657,220,431 
Household Products - 1.2%   
Central Garden & Pet Co. Class A (non-vtg.) (b) 103,595 3,763,606 
Church & Dwight Co., Inc. 469,221 26,548,524 
Clorox Co. 250,024 36,248,480 
Colgate-Palmolive Co. 1,690,893 112,292,204 
Energizer Holdings, Inc. 112,990 7,185,034 
Funko, Inc. (a)(b) 28,105 714,429 
Kimberly-Clark Corp. 676,991 78,219,540 
Oil-Dri Corp. of America 2,105 85,568 
Orchids Paper Products Co. (a)(b) 12,438 45,647 
Procter & Gamble Co. 4,860,945 403,215,388 
Spectrum Brands Holdings, Inc. (a) 90,795 7,885,546 
WD-40 Co. (a) 27,338 4,851,128 
  681,055,094 
Personal Products - 0.2%   
Avon Products, Inc. (a)(b) 847,443 1,694,886 
Coty, Inc. Class A 914,076 11,297,979 
Cyanotech Corp. (b) 2,300 8,280 
Edgewell Personal Care Co. (a)(b) 107,191 6,053,076 
elf Beauty, Inc. (a)(b) 38,054 528,570 
Estee Lauder Companies, Inc. Class A 432,535 60,606,804 
Herbalife Nutrition Ltd. (b) 221,367 12,527,159 
Inter Parfums, Inc. 36,672 2,394,682 
LifeVantage Corp. (b) 19,206 241,227 
Mannatech, Inc. 599 11,291 
MediFast, Inc. 21,194 4,848,128 
Natural Health Trends Corp. (a) 11,452 303,134 
Nature's Sunshine Products, Inc. (b) 6,985 62,865 
Nu Skin Enterprises, Inc. Class A 109,672 8,729,891 
Revlon, Inc. (a)(b) 25,388 552,189 
USANA Health Sciences, Inc. (b) 25,519 3,367,232 
Veru, Inc. (b) 11,731 23,345 
  113,250,738 
Tobacco - 0.8%   
22nd Century Group, Inc. (a)(b) 193,301 523,846 
Alliance One International, Inc. (a)(b) 16,429 290,793 
Altria Group, Inc. 3,658,356 214,086,993 
Philip Morris International, Inc. (a) 3,008,825 234,357,379 
Turning Point Brands, Inc. 13,210 444,649 
Universal Corp. 48,780 2,917,044 
Vector Group Ltd. (a) 224,341 3,484,016 
  456,104,720 
TOTAL CONSUMER STAPLES  3,485,437,063 
ENERGY - 5.6%   
Energy Equipment & Services - 0.8%   
ACM Research, Inc. (a)(b) 10,379 146,448 
Archrock, Inc. 242,413 3,066,524 
Aspen Aerogels, Inc. (b) 9,858 47,713 
Baker Hughes, a GE Co. Class A (a) 801,830 26,436,335 
Basic Energy Services, Inc. (b) 42,877 379,890 
Bristow Group, Inc. (a)(b) 59,922 656,745 
C&J Energy Services, Inc. (b) 129,736 2,717,969 
Carbo Ceramics, Inc. (a)(b) 36,697 317,429 
Core Laboratories NV (a) 87,182 9,986,698 
Dawson Geophysical Co. 23,761 147,318 
Diamond Offshore Drilling, Inc. (a)(b) 137,256 2,391,000 
Dril-Quip, Inc. (a)(b) 70,873 3,731,463 
ENGlobal Corp. (b) 5,637 5,862 
Ensco PLC Class A (a) 839,272 5,740,620 
Enservco Corp. (b) 20,536 13,556 
Era Group, Inc. (b) 33,138 395,668 
Exterran Corp. (b) 64,985 1,779,939 
Forum Energy Technologies, Inc. (b) 145,804 1,742,358 
Frank's International NV (a) 132,102 1,166,461 
FTS International, Inc. (b) 53,091 585,594 
Geospace Technologies Corp. (b) 25,924 366,306 
Gulf Island Fabrication, Inc. 22,854 215,970 
GulfMark Offshore, Inc. (b) 3,372 123,078 
Halliburton Co. 1,685,224 67,223,585 
Helix Energy Solutions Group, Inc. (b) 271,820 2,544,235 
Helmerich & Payne, Inc. 210,015 13,770,684 
Hornbeck Offshore Services, Inc. (b) 51,518 227,194 
Independence Contract Drilling, Inc. (b) 45,769 200,011 
ION Geophysical Corp. (a)(b) 19,328 346,938 
Key Energy Services, Inc. (b) 13,975 186,706 
Liberty Oilfield Services, Inc. Class A (a) 24,986 490,725 
Mammoth Energy Services, Inc. 21,777 598,432 
Matrix Service Co. (b) 47,813 999,292 
McDermott International, Inc. (a)(b) 349,179 6,753,122 
Mitcham Industries, Inc. (b) 23,287 93,148 
Nabors Industries Ltd. 664,054 4,097,213 
National Oilwell Varco, Inc. 740,374 34,849,404 
Natural Gas Services Group, Inc. (b) 21,602 477,404 
NCS Multistage Holdings, Inc. (a)(b) 41,493 675,091 
Newpark Resources, Inc. (b) 184,008 1,932,084 
Noble Corp. (a)(b) 468,541 2,858,100 
Oceaneering International, Inc. (a) 195,230 5,519,152 
Oil States International, Inc. (b) 113,918 3,856,124 
Parker Drilling Co. (a)(b) 12,021 47,363 
Patterson-UTI Energy, Inc. 419,954 7,193,812 
PHI, Inc. (non-vtg.) (b) 18,377 149,773 
Pioneer Energy Services Corp. (b) 156,417 500,534 
Profire Energy, Inc. (a)(b) 41,596 118,549 
Quintana Energy Services, Inc. (b) 2,698 21,125 
Ranger Energy Services, Inc. Class A 4,519 37,734 
RigNet, Inc. (b) 17,672 288,054 
Rowan Companies PLC (b) 235,223 3,302,531 
RPC, Inc. (a) 112,587 1,540,190 
Schlumberger Ltd. 2,683,559 169,493,586 
SEACOR Holdings, Inc. (b) 35,706 1,837,074 
SEACOR Marine Holdings, Inc. (a)(b) 30,560 625,869 
Smart Sand, Inc. (a)(b) 41,295 205,649 
Solaris Oilfield Infrastructure, Inc. Class A (a)(b) 42,266 727,821 
Superior Energy Services, Inc. (b) 304,963 2,744,667 
Synthesis Energy Systems, Inc. (a)(b) 17,261 43,153 
TechnipFMC PLC 836,314 25,616,298 
TETRA Technologies, Inc. (b) 232,409 1,066,757 
Tidewater, Inc. (a)(b) 49,250 1,576,000 
Transocean Ltd. (United States) (a)(b) 847,118 10,258,599 
U.S. Silica Holdings, Inc. (a) 151,843 3,217,553 
Unit Corp. (b) 111,239 2,924,473 
Weatherford International PLC (a)(b) 1,940,346 4,695,637 
  448,092,389 
Oil, Gas & Consumable Fuels - 4.8%   
Abraxas Petroleum Corp. (b) 314,017 706,538 
Adams Resources & Energy, Inc. 2,090 95,931 
Aemetis, Inc. (b) 10,055 12,468 
Alta Mesa Resources, Inc. Class A (a)(b) 252,424 1,196,490 
Amyris, Inc. (b) 57,217 513,236 
Anadarko Petroleum Corp. 994,044 64,016,434 
Andeavor 268,435 41,014,184 
Antero Resources Corp. (a)(b) 422,093 7,812,941 
Apache Corp. (a) 746,316 32,711,030 
Approach Resources, Inc. (a)(b) 78,465 169,484 
Arch Coal, Inc. 42,349 3,755,086 
Barnwell Industries, Inc. (b) 2,847 5,552 
Bonanza Creek Energy, Inc. (b) 37,069 1,149,139 
Cabot Oil & Gas Corp. 871,957 20,778,735 
California Resources Corp. (a)(b) 88,597 3,680,319 
Callon Petroleum Co. (a)(b) 420,739 4,754,351 
Carrizo Oil & Gas, Inc. (b) 172,025 4,166,446 
Centennial Resource Development, Inc. Class A (a)(b) 344,528 6,639,055 
Cheniere Energy, Inc. (b) 401,045 26,841,942 
Chesapeake Energy Corp. (a)(b) 1,742,599 7,719,714 
Chevron Corp. 3,702,458 438,593,175 
Cimarex Energy Co. 183,774 15,525,228 
Clean Energy Fuels Corp. (b) 297,103 817,033 
Cloud Peak Energy, Inc. (b) 152,269 359,355 
CNX Resources Corp. (b) 384,888 6,135,115 
Comstock Resources, Inc. (b) 24,083 233,123 
Concho Resources, Inc. (b) 367,017 50,336,382 
ConocoPhillips Co. 2,262,000 166,098,660 
CONSOL Energy, Inc. (b) 46,254 1,984,297 
Contango Oil & Gas Co. (b) 51,306 350,420 
Continental Resources, Inc. (a)(b) 166,423 10,975,597 
CVR Energy, Inc. 55,713 2,119,880 
Delek U.S. Holdings, Inc. 145,396 7,924,082 
Denbury Resources, Inc. (a)(b) 776,911 4,327,394 
Devon Energy Corp. 1,010,875 43,396,864 
Diamondback Energy, Inc. (a) 190,782 23,099,885 
Dorian Lpg Ltd. (b) 58,912 448,909 
Earthstone Energy, Inc. (b) 37,545 314,627 
Eclipse Resources Corp. (a)(b) 169,538 242,439 
Energen Corp. (b) 189,530 14,698,052 
Energy XXI Gulf Coast, Inc. (b) 77,532 701,665 
EOG Resources, Inc. 1,119,898 132,405,541 
EP Energy Corp. (a)(b) 91,298 159,772 
EQT Corp. 487,292 24,861,638 
Evolution Petroleum Corp. 53,534 538,017 
Extraction Oil & Gas, Inc. (a)(b) 258,177 2,981,944 
Exxon Mobil Corp. 8,197,875 657,223,639 
Gastar Exploration, Inc. (a)(b) 285,601 22,591 
Gevo, Inc. (b) 391 1,505 
Goodrich Petroleum Corp. (b) 2,143 29,981 
Green Plains, Inc. 92,023 1,633,408 
Gulfport Energy Corp. (b) 315,474 3,709,974 
Halcon Resources Corp. (a)(b) 292,167 1,338,125 
Hallador Energy Co. 29,822 182,212 
Hess Corp. 507,504 34,175,319 
Highpoint Resources, Inc. (b) 185,582 1,022,557 
HollyFrontier Corp. 340,082 25,342,911 
Houston American Energy Corp. (a)(b) 36,485 8,209 
International Seaways, Inc. (b) 72,136 1,480,231 
Isramco, Inc. (b) 123 14,354 
Jagged Peak Energy, Inc. (a)(b) 69,960 924,172 
Jones Energy, Inc. (a)(b) 91,542 30,209 
Kinder Morgan, Inc. 3,693,070 65,367,339 
Kosmos Energy Ltd. (b) 461,148 4,168,778 
Laredo Petroleum, Inc. (a)(b) 240,236 1,991,556 
Lilis Energy, Inc. (b) 59,171 314,790 
Lonestar Resources U.S., Inc. (b) 34,550 314,060 
Marathon Oil Corp. 1,650,620 35,504,836 
Marathon Petroleum Corp. (a) 894,111 73,576,394 
Matador Resources Co. (b) 204,200 6,685,508 
Midstates Petroleum Co., Inc. (b) 45,703 531,526 
Murphy Oil Corp. 318,754 9,827,186 
NACCO Industries, Inc. Class A 7,854 276,068 
Newfield Exploration Co. (b) 385,018 10,503,291 
Nextdecade Corp. (b) 29,373 199,443 
Nine Energy Service, Inc. (b) 17,673 529,837 
Noble Energy, Inc. 938,001 27,877,390 
Northern Oil & Gas, Inc. (a)(b) 401,909 1,386,586 
Oasis Petroleum, Inc. (b) 513,906 6,917,175 
Occidental Petroleum Corp. 1,480,195 118,223,175 
ONEOK, Inc. 793,898 52,325,817 
Overseas Shipholding Group, Inc. (b) 80,103 274,753 
Pacific Ethanol, Inc. (b) 51,285 94,877 
Panhandle Royalty Co. Class A 32,305 602,488 
Par Pacific Holdings, Inc. (b) 53,028 1,076,999 
Parsley Energy, Inc. Class A (b) 491,333 13,644,317 
PBF Energy, Inc. Class A 226,592 11,764,657 
PDC Energy, Inc. (b) 129,015 6,797,800 
Peabody Energy Corp. 196,719 8,126,462 
Penn Virginia Corp. (b) 26,001 2,312,529 
Phillips 66 Co. 811,254 96,141,712 
Pioneer Natural Resources Co. 330,465 57,732,236 
QEP Resources, Inc. (b) 446,077 4,447,388 
Ramaco Resources, Inc. (b) 3,779 30,043 
Range Resources Corp. (a) 439,535 7,217,165 
Renewable Energy Group, Inc. (a)(b) 62,786 1,692,083 
Resolute Energy Corp. (a)(b) 38,744 1,277,002 
Rex American Resources Corp. (b) 10,566 851,408 
Ring Energy, Inc. (b) 109,353 1,290,365 
Sanchez Energy Corp. (a)(b) 123,254 324,158 
SandRidge Energy, Inc. (b) 72,603 1,151,484 
SemGroup Corp. Class A 145,251 3,515,074 
SilverBow Resources, Inc. (b) 10,559 325,851 
SM Energy Co. 199,361 5,998,772 
Southwestern Energy Co. (a)(b) 981,701 5,517,160 
SRC Energy, Inc. (a)(b) 511,242 4,759,663 
Talos Energy, Inc. (a)(b) 44,486 1,535,657 
Targa Resources Corp. 423,778 23,337,454 
Tellurian, Inc. (a)(b) 177,746 1,718,804 
Tengasco, Inc. (b) 1,261 1,374 
The Williams Companies, Inc. 2,295,420 67,921,478 
Torchlight Energy Resources, Inc. (a)(b) 92,571 108,308 
TransAtlantic Petroleum Ltd. (b) 18,382 31,801 
U.S. Energy Corp. (b) 2,263 2,111 
Ultra Petroleum Corp. (a)(b) 342,191 448,270 
Uranium Energy Corp. (a)(b) 246,510 421,532 
VAALCO Energy, Inc. (b) 93,861 227,144 
Valero Energy Corp. 832,451 98,129,324 
Vertex Energy, Inc. (b) 17,824 22,815 
W&T Offshore, Inc. (b) 182,009 1,232,201 
Westwater Resources, Inc. (b) 2,190 482 
Whiting Petroleum Corp. (b) 173,178 8,816,492 
WildHorse Resource Development Corp. (a)(b) 44,975 977,757 
World Fuel Services Corp. 131,814 3,694,746 
WPX Energy, Inc. (b) 763,651 14,562,825 
Zion Oil & Gas, Inc. (a)(b) 91,553 169,373 
  2,781,354,715 
TOTAL ENERGY  3,229,447,104 
FINANCIALS - 14.2%   
Banks - 6.3%   
1st Source Corp. 36,318 2,033,445 
Access National Corp. 21,459 582,397 
ACNB Corp. 3,789 135,646 
Allegiance Bancshares, Inc. (b) 20,938 932,788 
American National Bankshares, Inc. 2,748 113,080 
Ameris Bancorp 90,826 4,509,511 
Ames National Corp. 2,652 80,223 
Arrow Financial Corp. 18,251 718,177 
Associated Banc-Corp. 344,650 9,391,713 
Atlantic Capital Bancshares, Inc. (b) 43,769 798,784 
Banc of California, Inc. 80,001 1,612,020 
BancFirst Corp. 35,422 2,259,924 
Bancorp, Inc., Delaware (b) 97,581 978,737 
BancorpSouth Bank 160,679 5,591,629 
Bank of America Corp. 18,232,836 563,941,617 
Bank of Commerce Holdings 29,023 374,397 
Bank of Hawaii Corp. 99,587 8,278,667 
Bank of Marin Bancorp 9,794 863,341 
Bank of the Ozarks, Inc. 240,055 9,712,625 
BankUnited, Inc. 207,169 8,036,086 
Banner Corp. 61,987 3,987,624 
Bar Harbor Bankshares 27,763 817,620 
BB&T Corp. 1,511,868 78,103,101 
BCB Bancorp, Inc. 17,750 263,588 
Berkshire Hills Bancorp, Inc. 73,022 3,085,180 
Blue Hills Bancorp, Inc. 49,471 1,137,833 
BOK Financial Corp. (a) 55,786 5,720,854 
Boston Private Financial Holdings, Inc. 170,375 2,461,919 
Bridge Bancorp, Inc. 53,457 1,870,995 
Brookline Bancorp, Inc., Delaware 166,351 3,019,271 
Bryn Mawr Bank Corp. 36,473 1,779,882 
Byline Bancorp, Inc. (b) 33,722 769,873 
C & F Financial Corp. 2,353 146,592 
Cadence Bancorp Class A 130,194 3,677,981 
Cambridge Bancorp 6,912 618,831 
Camden National Corp. 25,093 1,147,754 
Capital City Bank Group, Inc. 8,375 205,355 
Carolina Financial Corp. 39,610 1,629,952 
Cathay General Bancorp 153,714 6,502,102 
CB Financial Services, Inc. 603 19,356 
CBTX, Inc. 7,433 271,825 
Centerstate Banks of Florida, Inc. 112,474 3,443,954 
Central Pacific Financial Corp. 60,455 1,712,690 
Central Valley Community Bancorp 4,570 98,758 
Century Bancorp, Inc. Class A (non-vtg.) 1,470 104,738 
Chemical Financial Corp. 146,142 8,347,631 
CIT Group, Inc. 226,547 12,287,909 
Citigroup, Inc. 4,939,098 351,861,342 
Citizens & Northern Corp. 8,777 245,844 
Citizens Financial Group, Inc. 931,050 38,322,018 
City Holding Co. 28,334 2,297,321 
Civista Bancshares, Inc. (a) 10,636 253,988 
CNB Financial Corp., Pennsylvania 22,243 685,752 
CoBiz, Inc. 67,032 1,545,088 
Columbia Banking Systems, Inc. 148,473 6,272,984 
Comerica, Inc. 326,819 31,858,316 
Commerce Bancshares, Inc. 203,445 14,456,802 
Community Bank System, Inc. 104,083 6,883,009 
Community Bankers Trust Corp. (b) 24,176 218,793 
Community Financial Corp. 3,879 129,171 
Community Trust Bancorp, Inc. 33,336 1,646,798 
ConnectOne Bancorp, Inc. 58,487 1,441,705 
Cullen/Frost Bankers, Inc. 121,517 13,475,020 
Customers Bancorp, Inc. (b) 55,994 1,383,052 
CVB Financial Corp. 206,313 4,961,828 
Eagle Bancorp, Inc. (b) 65,114 3,506,389 
East West Bancorp, Inc. 276,842 17,549,014 
Enterprise Bancorp, Inc. 15,551 559,369 
Enterprise Financial Services Corp. 42,931 2,417,015 
Equity Bancshares, Inc. (b) 26,482 1,074,904 
Evans Bancorp, Inc. 6,302 299,660 
Farmers & Merchants Bancorp, Inc. 18,588 845,568 
Farmers National Banc Corp. 66,489 1,053,851 
FCB Financial Holdings, Inc. Class A (b) 85,791 4,443,974 
Fidelity Southern Corp. 39,911 969,837 
Fifth Third Bancorp 1,317,810 38,783,148 
Financial Institutions, Inc. 23,952 773,650 
First Bancorp, North Carolina 56,302 2,348,919 
First Bancorp, Puerto Rico (b) 339,786 2,973,128 
First Bancshares, Inc. 18,277 750,271 
First Bank Hamilton New Jersey 19,927 284,956 
First Busey Corp. 89,914 2,881,744 
First Business Finance Services, Inc. 4,840 107,254 
First Choice Bancorp (a) 11,848 321,673 
First Citizen Bancshares, Inc. 17,547 8,335,000 
First Commonwealth Financial Corp. 293,672 4,919,006 
First Community Bancshares, Inc. 16,138 541,753 
First Community Corp. 3,993 100,424 
First Connecticut Bancorp, Inc. 24,108 764,224 
First Financial Bancorp, Ohio 203,721 6,396,839 
First Financial Bankshares, Inc. (a) 141,084 8,521,474 
First Financial Corp., Indiana 19,844 1,020,974 
First Financial Northwest, Inc. 4,251 74,222 
First Foundation, Inc. (b) 55,932 904,980 
First Hawaiian, Inc. 172,644 5,004,950 
First Horizon National Corp. 627,383 11,556,395 
First Internet Bancorp 13,171 414,228 
First Interstate Bancsystem, Inc. 47,490 2,205,911 
First Merchants Corp. 86,573 4,165,893 
First Mid-Illinois Bancshares, Inc. 15,730 646,346 
First Midwest Bancorp, Inc., Delaware 205,561 5,587,148 
First Northwest Bancorp (b) 5,375 89,978 
First of Long Island Corp. 41,744 910,019 
First Republic Bank 311,307 31,625,678 
First United Corp. 8,652 174,338 
Flushing Financial Corp. 54,005 1,399,810 
FNB Corp., Pennsylvania 709,792 9,546,702 
Franklin Financial Network, Inc. (b) 20,997 811,534 
Fulton Financial Corp. 371,843 6,767,543 
German American Bancorp, Inc. 39,052 1,467,965 
Glacier Bancorp, Inc. 160,846 7,347,445 
Great Southern Bancorp, Inc. 24,910 1,477,163 
Great Western Bancorp, Inc. 113,857 4,957,334 
Green Bancorp, Inc. 56,100 1,346,400 
Guaranty Bancorp 49,165 1,536,406 
Guaranty Bancshares, Inc. Texas 2,629 82,682 
Hancock Whitney Corp. 162,816 8,393,165 
Hanmi Financial Corp. 61,810 1,613,241 
HarborOne Bancorp, Inc. (b) 47,994 945,962 
Heartland Financial U.S.A., Inc. 59,340 3,607,872 
Heritage Commerce Corp. 73,335 1,161,626 
Heritage Financial Corp., Washington 64,195 2,330,279 
Hilltop Holdings, Inc. 152,809 3,170,787 
Home Bancshares, Inc. 351,965 8,239,501 
HomeTrust Bancshares, Inc. (b) 28,372 817,114 
Hope Bancorp, Inc. 265,233 4,644,230 
Horizon Bancorp, Inc. Indiana 110,052 2,248,362 
Howard Bancorp, Inc. (b) 9,598 167,485 
Huntington Bancshares, Inc. 2,130,346 34,532,909 
IBERIABANK Corp. 109,468 9,485,402 
Independent Bank Corp. 42,453 1,059,202 
Independent Bank Corp., Massachusetts 57,790 5,264,669 
Independent Bank Group, Inc. 38,579 2,671,596 
International Bancshares Corp. 113,872 5,334,903 
Investar Holding Corp. 8,384 230,141 
Investors Bancorp, Inc. 516,646 6,613,069 
JPMorgan Chase & Co. 6,584,233 754,421,417 
KeyCorp 2,062,964 43,466,651 
Lakeland Bancorp, Inc. 83,017 1,602,228 
Lakeland Financial Corp. 50,591 2,492,619 
LegacyTexas Financial Group, Inc. 83,607 3,868,496 
Live Oak Bancshares, Inc. (a) 47,360 1,432,640 
Luther Burbank Corp. 30,837 351,542 
M&T Bank Corp. 281,584 49,882,606 
Macatawa Bank Corp. 24,767 308,844 
Mackinac Financial Corp. 1,739 28,433 
MB Financial, Inc. 163,929 7,943,999 
MBT Financial Corp. 19,637 215,025 
Mercantile Bank Corp. 25,655 908,444 
Merchants Bancorp/IN 14,909 389,274 
Metropolitan Bank Holding Corp. (b) 4,468 184,260 
Middlefield Banc Corp. 407 20,187 
Midland States Bancorp, Inc. 35,184 1,211,385 
Midsouth Bancorp, Inc. 23,289 357,486 
MidWestOne Financial Group, Inc. 15,589 522,855 
MutualFirst Financial, Inc. 20,181 766,878 
National Bank Holdings Corp. 64,357 2,583,934 
National Bankshares, Inc. 6,356 292,376 
National Commerce Corp. (b) 28,066 1,234,904 
NBT Bancorp, Inc. 92,219 3,733,025 
Nicolet Bankshares, Inc. (b) 10,757 595,508 
Northeast Bancorp 10,393 226,567 
Northrim Bancorp, Inc. 7,659 341,208 
Norwood Financial Corp. (a) 7,600 298,224 
OFG Bancorp (a) 84,264 1,365,077 
Ohio Valley Banc Corp. 4,212 177,536 
Old Line Bancshares, Inc. 18,401 629,314 
Old National Bancorp, Indiana 272,863 5,539,119 
Old Point Financial Corp. 1,881 50,035 
Old Second Bancorp, Inc. 47,209 729,379 
Opus Bank 31,202 884,577 
Origin Bancorp, Inc. 11,465 464,562 
Orrstown Financial Services, Inc. 6,508 169,533 
Pacific Mercantile Bancorp (b) 10,321 104,242 
Pacific Premier Bancorp, Inc. (b) 71,645 2,833,560 
PacWest Bancorp 249,776 12,611,190 
Park National Corp. 28,727 3,164,279 
Parke Bancorp, Inc. 2,161 49,811 
PCSB Financial Corp. 61,717 1,266,433 
Peapack-Gladstone Financial Corp. 31,072 1,038,116 
Penns Woods Bancorp, Inc. 3,854 174,509 
People's Utah Bancorp 31,031 1,121,771 
Peoples Bancorp of North Carolina 4,241 129,435 
Peoples Bancorp, Inc. 36,511 1,309,284 
Peoples Financial Services Corp. 12,111 556,864 
Peoples United Financial, Inc. (a) 659,838 12,213,601 
Pinnacle Financial Partners, Inc. 140,084 9,042,422 
PNC Financial Services Group, Inc. 909,698 130,578,051 
Popular, Inc. 204,979 10,318,643 
Preferred Bank, Los Angeles 26,157 1,601,070 
Premier Financial Bancorp, Inc. 6,971 135,935 
Prosperity Bancshares, Inc. 133,535 9,993,759 
QCR Holdings, Inc. 31,102 1,352,937 
Regions Financial Corp. 2,158,623 42,006,804 
Reliant Bancorp, Inc. 9,372 258,199 
Renasant Corp. 91,081 4,252,572 
Republic Bancorp, Inc., Kentucky Class A 18,205 884,945 
Republic First Bancorp, Inc. (b) 116,122 905,752 
S&T Bancorp, Inc. 72,150 3,366,519 
Sandy Spring Bancorp, Inc. 64,813 2,527,707 
Sb One Bancorp 5,379 149,536 
Seacoast Banking Corp., Florida (b) 89,289 2,823,318 
ServisFirst Bancshares, Inc. 88,788 3,826,763 
Shore Bancshares, Inc. 8,325 156,427 
Sierra Bancorp 11,641 345,388 
Signature Bank 106,700 12,349,458 
Simmons First National Corp. Class A 162,360 5,130,576 
SmartFinancial, Inc. (b) 7,194 176,829 
South State Corp. 78,685 6,487,578 
Southern First Bancshares, Inc. (b) 5,767 239,907 
Southern National Bancorp of Virginia, Inc. 38,866 682,098 
Southside Bancshares, Inc. 58,795 2,093,102 
State Bank Financial Corp. 77,921 2,538,666 
Sterling Bancorp 417,699 9,544,422 
Stock Yards Bancorp, Inc. 42,120 1,630,044 
Summit Financial Group, Inc. 7,690 193,788 
SunTrust Banks, Inc. 895,304 65,858,562 
SVB Financial Group (b) 101,960 32,907,590 
Synovus Financial Corp. 230,632 11,545,438 
TCF Financial Corp. 339,227 8,599,404 
Texas Capital Bancshares, Inc. (b) 94,840 8,431,276 
The Bank of Princeton 8,000 263,200 
The First Bancorp, Inc. 17,759 519,984 
Tompkins Financial Corp. 24,657 2,166,611 
TowneBank 136,261 4,442,109 
Trico Bancshares 52,436 2,038,712 
TriState Capital Holdings, Inc. (b) 45,938 1,366,656 
Triumph Bancorp, Inc. (b) 42,149 1,789,225 
Trustmark Corp. 144,879 5,140,307 
Two River Bancorp 3,500 59,710 
U.S. Bancorp 3,031,284 164,022,777 
UMB Financial Corp. 85,559 6,437,459 
Umpqua Holdings Corp. 414,883 8,878,496 
Union Bankshares Corp. 104,822 4,360,595 
Union Bankshares, Inc. 1,824 95,760 
United Bankshares, Inc., West Virginia (a) 204,098 8,041,461 
United Community Bank, Inc. 153,700 4,663,258 
United Security Bancshares, California 5,985 66,434 
Unity Bancorp, Inc. 5,913 144,277 
Univest Corp. of Pennsylvania 62,745 1,788,233 
Valley National Bancorp 559,166 6,737,950 
Veritex Holdings, Inc. (b) 31,035 950,292 
Washington Trust Bancorp, Inc. 28,271 1,696,260 
Webster Financial Corp. 186,178 12,172,318 
Wells Fargo & Co. 8,488,979 496,435,492 
WesBanco, Inc. 113,831 5,617,560 
West Bancorp., Inc. 59,222 1,430,211 
Westamerica Bancorp. (a) 55,111 3,528,757 
Western Alliance Bancorp. (b) 198,761 11,458,572 
Wintrust Financial Corp. 115,693 10,244,615 
Zions Bancorporation (a) 371,767 19,811,463 
  3,662,860,890 
Capital Markets - 2.7%   
Affiliated Managers Group, Inc. 105,675 15,438,061 
Ameriprise Financial, Inc. 279,840 39,726,086 
Arlington Asset Investment Corp. (a) 57,340 583,148 
Artisan Partners Asset Management, Inc. 93,464 3,098,332 
Ashford, Inc. 1,254 114,603 
Associated Capital Group, Inc. 6,083 227,504 
B. Riley Financial, Inc. 27,353 626,384 
Bank of New York Mellon Corp. 1,955,270 101,967,331 
BGC Partners, Inc. Class A 505,535 6,278,745 
BlackRock, Inc. Class A 238,101 114,064,665 
Blucora, Inc. (b) 88,148 3,190,958 
Brighthouse Financial, Inc. (b) 228,459 9,483,333 
Cboe Global Markets, Inc. 218,384 22,013,107 
Charles Schwab Corp. 2,323,120 117,991,265 
CME Group, Inc. 660,444 115,399,380 
Cohen & Co., Inc. (a) 688 6,680 
Cohen & Steers, Inc. 44,690 1,857,763 
Cowen Group, Inc. Class A (a)(b) 62,267 946,458 
Diamond Hill Investment Group, Inc. 6,333 1,181,674 
E*TRADE Financial Corp. (b) 503,457 29,633,479 
Eaton Vance Corp. (non-vtg.) 232,580 12,263,943 
Evercore, Inc. Class A 78,707 8,354,748 
FactSet Research Systems, Inc. 74,889 17,178,788 
Federated Investors, Inc. Class B (non-vtg.) 183,966 4,260,653 
Franklin Resources, Inc. 629,432 19,978,172 
Gain Capital Holdings, Inc. 33,946 250,182 
GAMCO Investors, Inc. Class A 6,919 178,856 
Goldman Sachs Group, Inc. 679,048 161,484,405 
Great Elm Capital Group, Inc. (b) 8,360 25,916 
Greenhill & Co., Inc. 46,751 1,285,653 
Hamilton Lane, Inc. Class A 41,047 2,002,273 
Houlihan Lokey 64,542 3,035,410 
Interactive Brokers Group, Inc. 140,548 8,736,464 
IntercontinentalExchange, Inc. 1,120,668 85,428,522 
INTL FCStone, Inc. (b) 29,684 1,655,180 
Invesco Ltd. 799,281 19,262,672 
Investment Technology Group, Inc. 64,820 1,418,262 
Janus Henderson Group PLC 347,666 9,821,565 
Ladenburg Thalmann Financial Services, Inc. 156,020 538,269 
Lazard Ltd. Class A 257,133 12,378,383 
Legg Mason, Inc. 170,788 5,328,586 
LPL Financial 171,304 11,347,177 
Manning & Napier, Inc. Class A 21,800 63,220 
MarketAxess Holdings, Inc. 73,407 13,934,117 
Moelis & Co. Class A 94,020 5,457,861 
Moody's Corp. 324,244 57,721,917 
Morgan Stanley 2,628,148 128,332,467 
Morningstar, Inc. 38,287 5,449,006 
MSCI, Inc. 171,311 30,880,521 
Northern Trust Corp. 409,432 43,997,563 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 19,317 602,690 
Piper Jaffray Companies 27,505 2,117,885 
PJT Partners, Inc. 43,421 2,514,944 
Pzena Investment Management, Inc. 7,036 63,887 
Raymond James Financial, Inc. 249,930 23,253,487 
S&P Global, Inc. 485,690 100,562,115 
Safeguard Scientifics, Inc. (b) 29,758 306,507 
SEI Investments Co. 261,551 16,498,637 
Silvercrest Asset Management Group Class A 6,008 95,227 
State Street Corp. 709,528 61,665,078 
Stifel Financial Corp. 140,452 7,847,053 
T. Rowe Price Group, Inc. 466,817 54,099,422 
TD Ameritrade Holding Corp. 528,722 30,967,248 
The NASDAQ OMX Group, Inc. 225,473 21,519,143 
TheStreet.com, Inc. (b) 3,696 7,725 
U.S. Global Investments, Inc. Class A 7,637 12,372 
Virtu Financial, Inc. Class A 124,113 2,705,663 
Virtus Investment Partners, Inc. 12,698 1,638,042 
Waddell & Reed Financial, Inc. Class A (a) 156,809 3,139,316 
Westwood Holdings Group, Inc. 13,598 782,293 
WisdomTree Investments, Inc. 238,661 1,961,793 
  1,588,240,234 
Consumer Finance - 0.8%   
Ally Financial, Inc. 819,334 22,023,698 
American Express Co. 1,386,151 146,904,283 
Asta Funding, Inc. (b) 4,468 16,532 
Atlanticus Holdings Corp. (b) 35,598 100,386 
Capital One Financial Corp. 939,357 93,080,885 
Consumer Portfolio Services, Inc. (b) 11,930 46,050 
Credit Acceptance Corp. (a)(b) 24,306 11,100,793 
CURO Group Holdings Corp. (b) 18,059 557,301 
Discover Financial Services 677,916 52,958,798 
Elevate Credit, Inc. (b) 22,390 209,570 
Encore Capital Group, Inc. (a)(b) 60,800 2,356,000 
Enova International, Inc. (b) 64,170 2,130,444 
EZCORP, Inc. (non-vtg.) Class A (a)(b) 105,107 1,166,688 
First Cash Financial Services, Inc. 90,535 7,360,496 
Green Dot Corp. Class A (b) 90,601 7,761,788 
Imperial Holdings, Inc. warrants 4/11/19 (b) 1,880 0 
LendingClub Corp. (a)(b) 748,051 2,700,464 
Navient Corp. 516,185 7,040,763 
Nelnet, Inc. Class A 39,295 2,265,357 
Nicholas Financial, Inc. (b) 5,705 67,148 
OneMain Holdings, Inc. (b) 149,135 5,473,255 
PRA Group, Inc. (a)(b) 88,617 3,238,951 
Regional Management Corp. (b) 15,900 529,947 
Santander Consumer U.S.A. Holdings, Inc. 224,182 4,837,848 
SLM Corp. (b) 852,196 9,987,737 
Synchrony Financial 1,357,490 42,991,708 
World Acceptance Corp. (b) 10,919 1,295,103 
  428,201,993 
Diversified Financial Services - 1.4%   
Acushnet Holdings Corp. 81,949 2,216,720 
Alteryx, Inc. (a)(b) 48,068 2,790,347 
AXA Equitable Holdings, Inc. (a) 268,738 6,167,537 
Berkshire Hathaway, Inc. Class B (b) 3,717,453 775,906,790 
Cannae Holdings, Inc. (b) 143,529 2,790,204 
Columbia Financial, Inc. 137,378 2,325,810 
ConvergeOne Holdings, Inc. 64,014 585,088 
Donnelley Financial Solutions, Inc. (b) 71,378 1,491,086 
FB Financial Corp. 34,670 1,524,787 
FGL Holdings Class A (a)(b) 329,409 2,869,152 
Granite Point Mortgage Trust, Inc. 74,859 1,432,801 
Jefferies Financial Group, Inc. 592,981 13,769,019 
Marlin Business Services Corp. 14,103 403,346 
On Deck Capital, Inc. (b) 74,269 610,491 
Rafael Holdings, Inc. (b) 22,382 210,838 
RBB Bancorp 9,470 271,316 
Sachem Capital Corp. 200 848 
Senseonics Holdings, Inc. (a)(b) 167,851 684,832 
Victory Capital Holdings, Inc. (b) 5,281 52,176 
Voya Financial, Inc. 317,767 15,910,594 
  832,013,782 
Insurance - 2.6%   
AFLAC, Inc. 1,487,544 68,784,035 
Alleghany Corp. 30,712 19,403,227 
Allstate Corp. 674,538 67,838,287 
AMBAC Financial Group, Inc. (b) 94,134 1,989,051 
American Equity Investment Life Holding Co. 169,504 6,286,903 
American Financial Group, Inc. 132,219 14,723,908 
American International Group, Inc. 1,739,360 92,481,771 
American National Insurance Co. 20,619 2,646,242 
Amerisafe, Inc. 34,393 2,194,273 
AmTrust Financial Services, Inc. 184,814 2,687,196 
Aon PLC 475,274 69,180,883 
Arch Capital Group Ltd. (b) 784,551 23,983,724 
Argo Group International Holdings, Ltd. 67,203 4,280,831 
Arthur J. Gallagher & Co. 353,316 25,488,216 
Aspen Insurance Holdings Ltd. 121,428 4,996,762 
Assurant, Inc. 101,576 10,444,044 
Assured Guaranty Ltd. 219,846 8,956,526 
Athene Holding Ltd. (b) 241,964 12,015,932 
Atlas Financial Holdings, Inc. (b) 9,356 95,899 
Axis Capital Holdings Ltd. 162,387 9,340,500 
Brown & Brown, Inc. 445,039 13,564,789 
Chubb Ltd. 901,422 121,908,311 
Cincinnati Financial Corp. 296,401 22,725,065 
Citizens, Inc. Class A (a)(b) 65,561 550,712 
CNA Financial Corp. 74,168 3,330,143 
CNO Financial Group, Inc. 338,474 7,314,423 
Crawford & Co. Class B 31,537 275,003 
Donegal Group, Inc. Class A 8,008 115,716 
eHealth, Inc. (b) 29,798 869,804 
EMC Insurance Group 9,582 246,066 
Employers Holdings, Inc. 65,170 2,988,045 
Enstar Group Ltd. (b) 22,560 4,816,560 
Erie Indemnity Co. Class A 43,603 5,386,279 
Everest Re Group Ltd. 78,647 17,539,854 
FBL Financial Group, Inc. Class A 19,372 1,575,912 
Fednat Holding Co. 19,431 511,035 
First American Financial Corp. 219,174 12,462,234 
FNF Group 535,809 21,485,941 
Genworth Financial, Inc. Class A (b) 956,877 4,449,478 
Global Indemnity Ltd. 13,709 540,546 
Greenlight Capital Re, Ltd. (b) 60,650 779,353 
Hallmark Financial Services, Inc. (b) 10,337 116,085 
Hanover Insurance Group, Inc. 83,897 10,276,544 
Hartford Financial Services Group, Inc. 689,332 34,721,653 
HCI Group, Inc. 13,167 533,264 
Health Insurance Innovations, Inc. (a)(b) 22,858 1,209,188 
Heritage Insurance Holdings, Inc. 60,181 881,652 
Horace Mann Educators Corp. 79,807 3,695,064 
Independence Holding Co. 16,014 564,494 
Investors Title Co. 1,743 338,142 
James River Group Holdings Ltd. 60,694 2,485,419 
Kemper Corp. 120,550 9,806,743 
Kingstone Companies, Inc. 9,045 167,785 
Kinsale Capital Group, Inc. 39,379 2,393,062 
Lincoln National Corp. 425,807 27,924,423 
Loews Corp. 504,188 25,365,698 
Maiden Holdings Ltd. 125,108 475,410 
Markel Corp. (b) 27,302 33,002,658 
Marsh & McLennan Companies, Inc. 978,782 82,834,321 
MBIA, Inc. (a)(b) 208,068 2,136,858 
Mercury General Corp. 75,263 4,056,676 
MetLife, Inc. 1,961,314 90,004,699 
National General Holdings Corp. 122,077 3,333,923 
National Western Life Group, Inc. 4,567 1,488,614 
Navigators Group, Inc. 43,776 3,064,320 
NI Holdings, Inc. (b) 13,749 232,083 
Old Republic International Corp. 496,118 11,003,897 
Primerica, Inc. 84,609 10,343,450 
Principal Financial Group, Inc. 513,933 28,363,962 
ProAssurance Corp. 109,792 5,308,443 
Progressive Corp. 1,119,628 75,608,479 
Protective Insurance Corp. Class B 12,738 299,343 
Prudential Financial, Inc. 810,829 79,663,949 
Reinsurance Group of America, Inc. 124,322 17,759,398 
RenaissanceRe Holdings Ltd. 80,100 10,650,096 
RLI Corp. 76,037 5,852,568 
Safety Insurance Group, Inc. 29,545 2,857,002 
Selective Insurance Group, Inc. 116,319 7,467,680 
State Auto Financial Corp. 27,464 862,095 
Stewart Information Services Corp. 44,220 1,980,172 
The Travelers Companies, Inc. 520,356 68,478,850 
Third Point Reinsurance Ltd. (b) 151,089 2,024,593 
Tiptree, Inc. 33,155 215,508 
Torchmark Corp. 199,059 17,501,267 
Trupanion, Inc. (a)(b) 42,348 1,617,270 
United Fire Group, Inc. 40,895 2,025,529 
United Insurance Holdings Corp. 34,862 726,175 
Universal Insurance Holdings, Inc. 62,678 2,795,439 
Unum Group 430,125 15,863,010 
W.R. Berkley Corp. 186,079 14,562,543 
White Mountains Insurance Group Ltd. 5,823 5,403,453 
Willis Group Holdings PLC 253,154 37,281,990 
XL Group Ltd. 494,933 28,404,205 
  1,487,282,623 
Mortgage Real Estate Investment Trusts - 0.2%   
AG Mortgage Investment Trust, Inc. 51,250 963,500 
AGNC Investment Corp. 902,240 17,160,605 
American Capital Mortgage Investment Corp. 77,847 1,525,801 
Annaly Capital Management, Inc. 2,223,022 23,608,494 
Anworth Mortgage Asset Corp. 251,516 1,227,398 
Apollo Commercial Real Estate Finance, Inc. 198,735 3,861,421 
Arbor Realty Trust, Inc. (a) 149,308 1,830,516 
Ares Commercial Real Estate Corp. 44,112 644,917 
Armour Residential REIT, Inc. 78,889 1,855,469 
Blackstone Mortgage Trust, Inc. (a) 218,615 7,446,027 
Capstead Mortgage Corp. 189,470 1,591,548 
Cherry Hill Mortgage Investment Corp. 12,023 223,628 
Chimera Investment Corp. 389,423 7,254,950 
Dynex Capital, Inc. 127,368 816,429 
Ellington Residential Mortgage REIT 15,540 183,683 
Exantas Capital Corp. 55,796 661,183 
Great Ajax Corp. 20,136 274,655 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (a) 96,779 2,086,555 
Hunt Companies Finance Trust I (a) 6,106 21,921 
Invesco Mortgage Capital, Inc. 207,984 3,375,580 
KKR Real Estate Finance Trust, Inc. 61,897 1,312,216 
Ladder Capital Corp. Class A 204,015 3,543,741 
MFA Financial, Inc. 890,541 6,821,544 
New Residential Investment Corp. 635,458 11,800,455 
New York Mortgage Trust, Inc. (a) 227,021 1,452,934 
Orchid Island Capital, Inc. (a) 113,192 898,744 
Owens Realty Mortgage, Inc. (a) 54,252 895,158 
PennyMac Mortgage Investment Trust 137,871 2,754,663 
Redwood Trust, Inc. 147,922 2,511,716 
Starwood Property Trust, Inc. 508,786 11,208,556 
Two Harbors Investment Corp. 468,829 7,323,109 
Western Asset Mortgage Capital Corp. 88,849 988,889 
ZAIS Financial Corp. 18,554 318,201 
  128,444,206 
Real Estate Management & Development - 0.0%   
The RMR Group, Inc. 12,871 1,215,666 
Thrifts & Mortgage Finance - 0.2%   
BankFinancial Corp. 19,300 307,835 
Beneficial Bancorp, Inc. 178,014 3,133,046 
BofI Holding, Inc. (a)(b) 104,951 3,908,375 
BSB Bancorp, Inc. (b) 6,958 231,701 
Capitol Federal Financial, Inc. 317,152 4,189,578 
Charter Financial Corp. 26,857 669,008 
Coastway Bancorp, Inc. (b) 4,955 137,501 
Dime Community Bancshares, Inc. 65,979 1,197,519 
Entegra Financial Corp. (b) 3,030 83,325 
ESSA Bancorp, Inc. 4,298 69,112 
Essent Group Ltd. (b) 166,676 7,227,071 
Farmer Mac Class C (non-vtg.) 19,331 1,489,840 
First Defiance Financial Corp. 36,462 1,166,419 
Flagstar Bancorp, Inc. (b) 55,871 1,846,537 
FS Bancorp, Inc. 3,111 181,465 
Hingham Institution for Savings 2,103 456,372 
Home Bancorp, Inc. 8,218 375,974 
HomeStreet, Inc. (b) 54,010 1,590,595 
Impac Mortgage Holdings, Inc. (a)(b) 22,924 171,472 
Kearny Financial Corp. 223,951 3,068,129 
Lendingtree, Inc. (a)(b) 15,340 3,886,389 
Malvern Bancorp, Inc. (a)(b) 6,089 149,789 
Meridian Bancorp, Inc. Maryland 112,706 2,017,437 
Meta Financial Group, Inc. 16,728 1,448,645 
MGIC Investment Corp. (b) 722,209 9,186,498 
New York Community Bancorp, Inc. (a) 991,185 10,675,062 
NMI Holdings, Inc. (b) 118,639 2,562,602 
Northfield Bancorp, Inc. 77,835 1,267,154 
Northwest Bancshares, Inc. 218,925 3,988,814 
OceanFirst Financial Corp. 74,436 2,173,531 
Ocwen Financial Corp. (b) 226,819 948,103 
Oritani Financial Corp. 122,108 1,978,150 
PennyMac Financial Services, Inc. 43,564 921,379 
PHH Corp. (b) 94,843 1,029,047 
Poage Bankshares, Inc. 2,365 62,318 
Provident Financial Holdings, Inc. 3,066 56,414 
Provident Financial Services, Inc. 132,445 3,341,587 
Radian Group, Inc. 410,077 8,336,865 
Riverview Bancorp, Inc. 10,064 99,130 
Security National Financial Corp. Class A 12,342 64,796 
SI Financial Group, Inc. 5,231 72,449 
Southern Missouri Bancorp, Inc. 5,377 215,080 
Sterling Bancorp, Inc. 29,919 366,508 
Territorial Bancorp, Inc. 13,244 395,731 
TFS Financial Corp. 199,797 3,084,866 
Timberland Bancorp, Inc. 5,712 202,833 
Trustco Bank Corp., New York 182,946 1,692,251 
United Community Financial Corp. 86,143 891,580 
United Financial Bancorp, Inc. New 98,895 1,757,364 
Walker & Dunlop, Inc. 62,162 3,387,829 
Washington Federal, Inc. 184,491 6,291,143 
Waterstone Financial, Inc. 43,917 742,197 
Westfield Financial, Inc. 33,310 354,752 
WMI Holdings Corp. (b) 665,894 1,005,500 
WSFS Financial Corp. 63,718 3,109,438 
  109,264,105 
TOTAL FINANCIALS  8,237,523,499 
HEALTH CARE - 14.2%   
Biotechnology - 3.0%   
AbbVie, Inc. 2,937,285 281,920,614 
Abeona Therapeutics, Inc. (a)(b) 62,198 957,849 
ACADIA Pharmaceuticals, Inc. (a)(b) 184,318 2,621,002 
Acceleron Pharma, Inc. (b) 75,443 4,075,431 
Achaogen, Inc. (a)(b) 54,118 286,284 
Achillion Pharmaceuticals, Inc. (b) 264,408 912,208 
Acorda Therapeutics, Inc. (b) 101,836 2,932,877 
Actinium Pharmaceuticals, Inc. (b) 38,656 24,740 
Adamas Pharmaceuticals, Inc. (a)(b) 38,351 883,224 
ADMA Biologics, Inc. (b) 34,956 223,369 
Aduro Biotech, Inc. (a)(b) 81,702 604,595 
Advaxis, Inc. (b) 48,573 70,431 
Adverum Biotechnologies, Inc. (b) 72,964 554,526 
Aeglea BioTherapeutics, Inc. (a)(b) 26,323 287,710 
Aevi Genomic Medicine, Inc. (b) 41,669 52,086 
Agenus, Inc. (a)(b) 138,167 305,349 
Agios Pharmaceuticals, Inc. (a)(b) 97,937 7,905,475 
Aimmune Therapeutics, Inc. (b) 78,694 2,196,350 
Akebia Therapeutics, Inc. (b) 89,194 732,283 
Albireo Pharma, Inc. (b) 13,977 483,325 
Alder Biopharmaceuticals, Inc. (a)(b) 108,499 1,963,832 
Aldeyra Therapeutics, Inc. (b) 22,510 190,210 
Alexion Pharmaceuticals, Inc. (b) 431,789 52,781,887 
Alkermes PLC (a)(b) 298,449 13,382,453 
Allena Pharmaceuticals, Inc. (b) 8,811 96,040 
Alnylam Pharmaceuticals, Inc. (b) 164,063 20,125,608 
Alpine Immune Sciences, Inc. (b) 12,084 81,204 
Altimmune, Inc. (a)(b) 5,138 1,644 
AMAG Pharmaceuticals, Inc. (a)(b) 66,217 1,615,695 
Amgen, Inc. 1,291,967 258,147,926 
Amicus Therapeutics, Inc. (a)(b) 366,758 4,943,898 
AnaptysBio, Inc. (b) 27,845 2,468,181 
Anavex Life Sciences Corp. (a)(b) 69,965 186,807 
Apellis Pharmaceuticals, Inc. (b) 66,063 1,278,980 
Applied Genetic Technologies Corp. (b) 14,097 62,732 
Aptevo Therapeutics, Inc. (b) 25,681 141,759 
AquaBounty Technologies, Inc. (b) 1,372 4,061 
Aquinox Pharmaceuticals, Inc. (b) 41,529 129,570 
Arcus Biosciences, Inc. (a) 6,872 98,957 
Ardelyx, Inc. (b) 110,323 474,389 
Arena Pharmaceuticals, Inc. (b) 95,520 3,709,997 
ArQule, Inc. (b) 197,124 1,306,932 
Array BioPharma, Inc. (b) 398,574 6,205,797 
Arrowhead Pharmaceuticals, Inc. (a)(b) 177,530 2,620,343 
Arsanis, Inc. (b) 8,493 19,449 
Asterias Biotherapeutics, Inc. (a)(b) 24,436 37,876 
Atara Biotherapeutics, Inc. (a)(b) 89,519 3,665,803 
Athersys, Inc. (a)(b) 261,347 538,375 
aTyr Pharma, Inc. (b) 6,529 4,713 
Audentes Therapeutics, Inc. (b) 53,376 1,942,886 
AVEO Pharmaceuticals, Inc. (a)(b) 164,980 493,290 
Avid Bioservices, Inc. (b) 85,182 623,532 
Bellicum Pharmaceuticals, Inc. (a)(b) 75,895 548,721 
Biocept, Inc. (b) 2,199 7,740 
BioCryst Pharmaceuticals, Inc. (a)(b) 198,969 1,424,618 
Biogen, Inc. (b) 408,820 144,513,782 
Biohaven Pharmaceutical Holding Co. Ltd. (a)(b) 57,394 2,172,937 
BioMarin Pharmaceutical, Inc. (b) 340,364 34,029,593 
Biospecifics Technologies Corp. (b) 19,816 1,062,930 
BioTime, Inc. (a)(b) 346,441 952,713 
bluebird bio, Inc. (a)(b) 102,592 17,266,234 
Blueprint Medicines Corp. (b) 74,628 5,721,729 
BrainStorm Cell Therpeutic, Inc. (a)(b) 15,396 60,968 
Calithera Biosciences, Inc. (b) 45,690 249,011 
Calyxt, Inc. (a)(b) 10,855 183,775 
Cancer Genetics, Inc. (a)(b) 9,725 8,805 
Capricor Therapeutics, Inc. (a)(b) 31,524 38,144 
Cara Therapeutics, Inc. (a)(b) 69,866 1,409,197 
CareDx, Inc. (b) 60,104 1,461,128 
CASI Pharmaceuticals, Inc. (b) 84,183 585,072 
Catalyst Biosciences, Inc. (b) 23,199 253,565 
Catalyst Pharmaceutical Partners, Inc. (b) 206,783 696,859 
Cel-Sci Corp. (a)(b) 25,753 69,018 
Celcuity, Inc. (b) 1,151 28,453 
Celgene Corp. (b) 1,365,300 128,952,585 
Celldex Therapeutics, Inc. (b) 215,095 107,978 
Cellular Biomedicine Group, Inc. (a)(b) 19,712 418,880 
Celsion Corp. (b) 10,668 30,404 
ChemoCentryx, Inc. (b) 36,062 475,297 
Chimerix, Inc. (b) 63,824 254,658 
Cidara Therapeutics, Inc. (a)(b) 11,887 50,520 
Cleveland Biolabs, Inc. (a)(b) 1,776 3,392 
Clovis Oncology, Inc. (b) 98,725 3,529,419 
Co.-Diagnostics, Inc. (b) 7,929 25,214 
CohBar, Inc. (a)(b) 86,892 455,314 
Coherus BioSciences, Inc. (b) 100,702 2,029,145 
Conatus Pharmaceuticals, Inc. (a)(b) 36,543 205,006 
Concert Pharmaceuticals, Inc. (b) 25,754 406,141 
Corbus Pharmaceuticals Holdings, Inc. (a)(b) 97,055 567,772 
Corvus Pharmaceuticals, Inc. (b) 20,017 219,386 
CTI BioPharma Corp. (b) 94,910 178,431 
Cue Biopharma, Inc. (a)(b) 17,423 167,609 
Curis, Inc. (b) 35,800 60,860 
Cyclacel Pharmaceuticals, Inc. (b) 960 1,469 
Cytokinetics, Inc. (b) 89,621 708,006 
CytomX Therapeutics, Inc. (b) 82,255 1,849,915 
Cytori Therapeutics, Inc. (a)(b) 1,078 563 
CytRx Corp. (a)(b) 40,644 45,928 
Deciphera Pharmaceuticals, Inc. (a)(b) 27,445 1,015,191 
Denali Therapeutics, Inc. (a)(b) 28,737 564,107 
Dicerna Pharmaceuticals, Inc. (b) 41,758 661,864 
Dyax Corp. rights 12/31/19 (b)(c) 200,675 802,700 
Dynavax Technologies Corp. (a)(b) 101,676 1,408,213 
Eagle Pharmaceuticals, Inc. (a)(b) 14,894 1,029,622 
Edge Therapeutics, Inc. (b) 50,398 44,854 
Editas Medicine, Inc. (a)(b) 75,932 2,492,848 
Eiger Biopharmaceuticals, Inc. (b) 19,778 255,136 
Emergent BioSolutions, Inc. (b) 74,721 4,632,702 
Enanta Pharmaceuticals, Inc. (b) 29,541 2,686,163 
Epizyme, Inc. (a)(b) 93,334 1,101,341 
Esperion Therapeutics, Inc. (a)(b) 38,782 1,919,321 
Exact Sciences Corp. (a)(b) 238,198 17,838,648 
Exelixis, Inc. (b) 539,055 10,128,843 
Fate Therapeutics, Inc. (a)(b) 88,933 1,146,346 
Fibrocell Science, Inc. (a)(b) 2,592 5,132 
FibroGen, Inc. (b) 152,796 9,343,475 
Five Prime Therapeutics, Inc. (b) 76,988 1,077,832 
Flexion Therapeutics, Inc. (a)(b) 70,183 1,607,191 
Fortress Biotech, Inc. (a)(b) 43,908 86,499 
Galectin Therapeutics, Inc. (a)(b) 56,076 362,812 
Genocea Biosciences, Inc. (a)(b) 59,471 38,061 
Genomic Health, Inc. (b) 39,004 2,385,875 
GenVec, Inc. rights (b)(c) 814 0 
Geron Corp. (a)(b) 355,017 2,034,247 
Gilead Sciences, Inc. 2,521,527 190,955,240 
Global Blood Therapeutics, Inc. (a)(b) 93,955 4,599,097 
GlycoMimetics, Inc. (a)(b) 63,039 927,934 
GTx, Inc. (b) 20,485 490,001 
Halozyme Therapeutics, Inc. (a)(b) 263,841 4,857,313 
Heat Biologics, Inc. (b) 27,222 56,077 
Hemispherx Biopharma, Inc. (b) 10,898 2,997 
Heron Therapeutics, Inc. (b) 138,379 5,334,510 
Homology Medicines, Inc. (a)(b) 23,470 390,776 
iBio, Inc. (a)(b) 4,036 3,349 
Idera Pharmaceuticals, Inc. (a)(b) 39,263 410,691 
Immune Design Corp. (b) 68,872 261,714 
ImmunoCellular Therapeutics Ltd. (b) 1,048 246 
ImmunoGen, Inc. (a)(b) 279,867 2,851,845 
Immunomedics, Inc. (a)(b) 306,809 8,210,209 
Incyte Corp. (b) 343,065 25,355,934 
Infinity Pharmaceuticals, Inc. (a)(b) 82,811 187,153 
Inovio Pharmaceuticals, Inc. (a)(b) 153,711 808,520 
Insmed, Inc. (a)(b) 145,963 2,909,043 
Insys Therapeutics, Inc. (a)(b) 45,156 422,209 
Intellia Therapeutics, Inc. (a)(b) 43,137 1,334,227 
Intercept Pharmaceuticals, Inc. (a)(b) 39,366 4,401,119 
Intrexon Corp. (a)(b) 138,526 2,130,530 
Invitae Corp. (b) 122,521 1,814,536 
Ionis Pharmaceuticals, Inc. (a)(b) 264,796 12,098,529 
Iovance Biotherapeutics, Inc. (b) 176,766 3,128,758 
Ironwood Pharmaceuticals, Inc. Class A (a)(b) 274,281 5,277,166 
IsoRay, Inc. (b) 57,047 29,180 
ITUS Corp. (b) 25,229 96,122 
Jounce Therapeutics, Inc. (a)(b) 10,322 81,028 
Kadmon Holdings, Inc. (b) 207,825 895,726 
Kalvista Pharmaceuticals, Inc. (b) 508 8,636 
Karyopharm Therapeutics, Inc. (b) 92,956 1,956,724 
Keryx Biopharmaceuticals, Inc. (a)(b) 230,453 785,845 
Kindred Biosciences, Inc. (b) 55,110 821,139 
Krystal Biotech, Inc. 3,314 54,383 
Kura Oncology, Inc. (a)(b) 53,689 1,100,625 
La Jolla Pharmaceutical Co. (a)(b) 42,577 980,974 
Leap Therapeutics, Inc. (b) 2,828 20,842 
Lexicon Pharmaceuticals, Inc. (a)(b) 97,066 1,123,054 
Ligand Pharmaceuticals, Inc. Class B (a)(b) 41,449 10,763,891 
Loxo Oncology, Inc. (a)(b) 43,871 7,413,322 
Macrogenics, Inc. (a)(b) 77,366 1,691,994 
Madrigal Pharmaceuticals, Inc. (a)(b) 15,700 3,755,597 
MannKind Corp. (a)(b) 225,599 248,159 
Matinas BioPharma Holdings, Inc. (b) 91,988 42,314 
MediciNova, Inc. (a)(b) 72,252 879,307 
MEI Pharma, Inc. (b) 62,189 259,950 
Menlo Therapeutics, Inc. (b) 14,423 110,769 
Merrimack Pharmaceuticals, Inc. (b) 22,287 131,939 
MiMedx Group, Inc. (a)(b) 199,106 1,055,262 
Minerva Neurosciences, Inc. (b) 51,124 531,690 
Miragen Therapeutics, Inc. (b) 39,491 245,239 
Mirati Therapeutics, Inc. (a)(b) 60,609 3,427,439 
Molecular Templates, Inc. (b) 11,026 63,510 
Moleculin Biotech, Inc. (a)(b) 37,484 64,472 
Momenta Pharmaceuticals, Inc. (b) 152,669 4,045,729 
Myriad Genetics, Inc. (b) 137,462 6,844,233 
NanoViricides, Inc. (b) 32,620 13,704 
NantKwest, Inc. (a)(b) 76,001 257,643 
Natera, Inc. (b) 66,582 1,840,326 
Navidea Biopharmaceuticals, Inc. (a)(b) 148,549 26,130 
Neuralstem, Inc. (a)(b) 8,195 9,998 
Neurocrine Biosciences, Inc. (b) 173,976 21,390,349 
NewLink Genetics Corp. (b) 41,496 128,638 
Novavax, Inc. (a)(b) 677,219 1,056,462 
Ohr Pharmaceutical, Inc. (b) 32,314 6,301 
OncoCyte Corp. (a)(b) 3,324 8,476 
OncoGenex Pharmaceuticals, Inc. (b) 96 289 
OncoMed Pharmaceuticals, Inc. (b) 27,577 63,427 
OncoSec Medical, Inc. (a)(b) 44,952 67,428 
Ophthotech Corp. (b) 50,366 128,937 
Opko Health, Inc. (a)(b) 712,532 4,218,189 
Oragenics, Inc. (b) 998 429 
Organovo Holdings, Inc. (a)(b) 337,362 435,197 
OvaScience, Inc. (b) 60,110 46,525 
Palatin Technologies, Inc. (a)(b) 331,257 334,570 
PDL BioPharma, Inc. (a)(b) 309,517 749,031 
Pfenex, Inc. (b) 46,697 246,560 
Polarityte, Inc. (a)(b) 30,906 883,293 
Portola Pharmaceuticals, Inc. (a)(b) 128,424 3,833,456 
Progenics Pharmaceuticals, Inc. (a)(b) 161,932 1,267,928 
Protagonist Therapeutics, Inc. (b) 52,263 503,293 
Proteon Therapeutics, Inc. (b) 5,515 12,960 
Proteostasis Therapeutics, Inc. (a)(b) 55,664 149,736 
Prothena Corp. PLC (a)(b) 73,253 1,114,911 
PTC Therapeutics, Inc. (b) 75,018 3,131,251 
Puma Biotechnology, Inc. (a)(b) 65,071 2,859,870 
Ra Pharmaceuticals, Inc. (b) 19,587 238,961 
Radius Health, Inc. (a)(b) 76,029 1,563,917 
Recro Pharma, Inc. (b) 20,797 132,685 
Regeneron Pharmaceuticals, Inc. (b) 149,758 60,914,067 
REGENXBIO, Inc. (b) 55,760 3,928,292 
Regulus Therapeutics, Inc. (a)(b) 85,834 19,888 
Repligen Corp. (a)(b) 69,352 3,806,038 
Retrophin, Inc. (b) 82,684 2,620,256 
Rexahn Pharmaceuticals, Inc. (a)(b) 42,298 72,753 
Rigel Pharmaceuticals, Inc. (b) 307,310 1,047,927 
Riot Blockchain, Inc. (a) 24,575 154,823 
Rocket Pharmaceuticals, Inc. (b) 29,667 707,558 
Sage Therapeutics, Inc. (b) 89,840 14,757,118 
Sangamo Therapeutics, Inc. (a)(b) 201,742 3,681,792 
Sarepta Therapeutics, Inc. (a)(b) 117,669 16,243,029 
Savara, Inc. (a)(b) 55,437 651,939 
Seattle Genetics, Inc. (a)(b) 204,324 15,683,910 
Selecta Biosciences, Inc. (a)(b) 13,681 185,514 
Sellas Life Sciences Group, Inc. (b) 425 459 
Seres Therapeutics, Inc. (a)(b) 32,924 289,073 
Sesen Bio, Inc. (b) 98,188 219,941 
Sienna Biopharmaceuticals, Inc. (a)(b) 4,913 81,851 
Solid Biosciences, Inc. (b) 19,788 844,354 
Sophiris Bio, Inc. (a)(b) 57,410 184,286 
Sorrento Therapeutics, Inc. (a)(b) 175,528 974,180 
Spark Therapeutics, Inc. (a)(b) 61,662 3,798,996 
Spectrum Pharmaceuticals, Inc. (b) 181,664 3,911,226 
Spring Bank Pharmaceuticals, Inc. (b) 9,145 129,768 
Stemline Therapeutics, Inc. (b) 50,071 856,214 
Sunesis Pharmaceuticals, Inc. (a)(b) 29,991 65,380 
Surface Oncology, Inc. 10,117 98,135 
Syndax Pharmaceuticals, Inc. (b) 33,111 256,941 
Synergy Pharmaceuticals, Inc. (a)(b) 423,445 825,718 
Synlogic, Inc. (b) 24,107 255,052 
Synthetic Biologics, Inc. (a)(b) 2,423 6,954 
Syros Pharmaceuticals, Inc. (b) 33,143 407,327 
T2 Biosystems, Inc. (b) 79,564 519,553 
Tapimmune, Inc. (a)(b) 8,155 70,296 
Tenax Therapeutics, Inc. (b) 69 371 
TESARO, Inc. (a)(b) 70,613 2,291,392 
TG Therapeutics, Inc. (a)(b) 115,447 1,466,177 
Tocagen, Inc. (a)(b) 8,584 83,694 
TONIX Pharmaceuticals Holding (b) 1,717 1,837 
TRACON Pharmaceuticals, Inc. (a)(b) 4,111 8,633 
Trevena, Inc. (a)(b) 130,021 234,038 
Trovagene, Inc. (a)(b) 2,821 2,313 
Ultragenyx Pharmaceutical, Inc. (b) 88,686 7,514,365 
United Therapeutics Corp. (b) 85,357 10,498,057 
UNITY Biotechnology, Inc. (a) 7,256 138,299 
Unum Therapeutics, Inc. (a) 16,295 265,771 
Vanda Pharmaceuticals, Inc. (b) 103,474 1,999,635 
Vaxart, Inc. (a)(b) 4,190 12,780 
VBI Vaccines, Inc. (a)(b) 25,788 52,608 
Veracyte, Inc. (b) 50,030 632,379 
Verastem, Inc. (a)(b) 140,678 1,401,153 
Vericel Corp. (b) 84,118 1,026,240 
Versartis, Inc. (b) 37,706 67,871 
Vertex Pharmaceuticals, Inc. (b) 491,760 90,680,544 
Vical, Inc. (b) 6,566 9,127 
Viking Therapeutics, Inc. (b) 90,493 1,182,744 
VistaGen Therapeutics, Inc. (a)(b) 22,368 32,881 
Vital Therapies, Inc. (a)(b) 55,114 443,668 
Voyager Therapeutics, Inc. (a)(b) 39,765 864,491 
Xbiotech, Inc. (a)(b) 36,998 149,472 
Xencor, Inc. (b) 95,182 3,977,656 
XOMA Corp. (a)(b) 11,543 216,200 
Yield10 Bioscience, Inc. (b) 693 1,109 
Zafgen, Inc. (b) 54,609 519,878 
ZIOPHARM Oncology, Inc. (a)(b) 222,939 650,982 
  1,745,699,121 
Health Care Equipment & Supplies - 3.1%   
Abbott Laboratories 3,391,513 226,688,729 
Abiomed, Inc. (b) 81,155 32,996,000 
Accuray, Inc. (a)(b) 152,465 609,860 
Akers Biosciences, Inc. (a)(b) 149,301 40,804 
Align Technology, Inc. (b) 139,169 53,787,427 
Alliqua Biomedical, Inc. (a)(b) 439 1,133 
Alphatec Holdings, Inc. (a)(b) 3,066 10,762 
Amedica Corp. (a)(b) 5,751 2,552 
Angiodynamics, Inc. (b) 68,576 1,537,474 
Anika Therapeutics, Inc. (a)(b) 30,719 1,271,459 
Antares Pharma, Inc. (a)(b) 242,616 858,861 
Apollo Endosurgery, Inc. (b) 102 766 
Atricure, Inc. (b) 70,181 2,424,754 
Atrion Corp. 3,083 2,019,519 
Avanos Medical, Inc. (b) 92,971 6,703,209 
Avinger, Inc. (b) 780 1,225 
AxoGen, Inc. (a)(b) 68,956 3,023,721 
Baxter International, Inc. 949,654 70,625,768 
Becton, Dickinson & Co. 517,034 135,395,694 
Bellerophon Therapeutics, Inc. (a)(b) 36,993 31,999 
BioLase Technology, Inc. (b) 6,234 11,034 
BioLife Solutions, Inc. (b) 16,867 404,133 
Boston Scientific Corp. (b) 2,679,060 95,267,374 
Bovie Medical Corp. (b) 10,849 57,934 
Cantel Medical Corp. 67,194 6,517,818 
Cardiovascular Systems, Inc. (b) 69,124 2,663,348 
CAS Medical Systems, Inc. (b) 11,651 26,098 
Cerus Corp. (b) 269,265 2,094,882 
Cesca Therapeutics, Inc. (b) 793 342 
Chembio Diagnostics, Inc. (b) 2,391 24,986 
ConforMis, Inc. (b) 87,736 107,038 
CONMED Corp. 50,457 4,058,257 
Corindus Vascular Robotics, Inc. (a)(b) 178,714 194,798 
Cryolife, Inc. (b) 65,208 2,262,718 
CryoPort, Inc. (a)(b) 52,805 749,831 
Cutera, Inc. (b) 27,491 934,694 
CytoSorbents Corp. (a)(b) 50,106 734,053 
Danaher Corp. 1,192,456 123,466,894 
Dare Bioscience, Inc. (b) 17,253 18,978 
Dentsply Sirona, Inc. 442,572 17,667,474 
DexCom, Inc. (a)(b) 170,666 24,640,757 
Edwards Lifesciences Corp. (b) 407,229 58,738,711 
Ekso Bionics Holdings, Inc. (a)(b) 113,321 303,700 
Endologix, Inc. (b) 150,152 345,350 
Fonar Corp. (b) 8,356 218,927 
Genmark Diagnostics, Inc. (b) 107,242 917,992 
Glaukos Corp. (a)(b) 64,913 4,438,102 
Globus Medical, Inc. (b) 145,197 7,734,644 
Haemonetics Corp. (b) 99,749 11,135,978 
Helius Medical Technologies, Inc. (U.S.) (a)(b) 20,935 209,769 
Heska Corp. (b) 12,153 1,300,371 
Hill-Rom Holdings, Inc. 131,230 12,764,742 
Hologic, Inc. (b) 529,595 21,056,697 
ICU Medical, Inc. (b) 29,075 8,896,950 
IDEXX Laboratories, Inc. (b) 169,286 43,005,415 
Inogen, Inc. (b) 33,875 8,973,826 
Inspire Medical Systems, Inc. 18,247 1,003,403 
Insulet Corp. (b) 113,854 11,871,557 
Integer Holdings Corp. (b) 60,071 4,799,673 
Integra LifeSciences Holdings Corp. (b) 136,377 8,110,340 
IntriCon Corp. (b) 15,036 1,111,160 
Intuitive Surgical, Inc. (b) 219,618 122,986,080 
Invacare Corp. (a) 75,980 1,154,896 
InVivo Therapeutics Holdings Corp. (b) 1,850 3,608 
Invuity, Inc. (a)(b) 23,417 108,889 
IRadimed Corp. (a)(b) 6,686 183,865 
iRhythm Technologies, Inc. (b) 39,577 3,684,223 
Iridex Corp. (b) 4,871 44,326 
K2M Group Holdings, Inc. (b) 72,947 1,994,371 
Kewaunee Scientific Corp. 1,376 43,963 
Lantheus Holdings, Inc. (b) 59,416 956,598 
LeMaitre Vascular, Inc. 28,069 1,052,868 
LivaNova PLC (b) 84,812 10,648,147 
Masimo Corp. (b) 90,391 10,656,195 
Medtronic PLC 2,620,554 252,647,611 
Meridian Bioscience, Inc. 73,595 1,155,442 
Merit Medical Systems, Inc. (b) 108,656 6,394,406 
Microbot Medical, Inc. (b) 7,285 4,225 
Misonix, Inc. (b) 7,938 151,616 
Myomo, Inc. (a)(b) 11,057 22,667 
Natus Medical, Inc. (b) 64,682 2,412,639 
Neogen Corp. (b) 98,996 9,250,186 
Nevro Corp. (b) 56,879 3,834,782 
NuVasive, Inc. (b) 100,454 7,050,866 
Nuvectra Corp. (b) 21,954 512,406 
NxStage Medical, Inc. (b) 140,636 3,985,624 
OraSure Technologies, Inc. (b) 129,623 2,075,264 
Orthofix International NV (b) 41,359 2,215,188 
OrthoPediatrics Corp. 6,541 227,758 
Penumbra, Inc. (a)(b) 57,262 7,950,829 
Precision Therapeutics, Inc. (a)(b) 19,298 21,807 
Pulse Biosciences, Inc. (a)(b) 10,423 149,674 
Quanterix Corp. (b) 7,729 129,306 
Quidel Corp. (b) 60,517 4,652,547 
ReShape Lifesciences, Inc. (a)(b) 873 58 
ResMed, Inc. 278,308 31,006,294 
Retractable Technologies, Inc. (b) 5,248 3,790 
Rockwell Medical Technologies, Inc. (a)(b) 83,284 408,924 
RTI Biologics, Inc. (b) 100,701 450,637 
Seaspine Holdings Corp. (b) 14,380 221,452 
Second Sight Medical Products, Inc. (a)(b) 46,884 79,234 
Sientra, Inc. (b) 39,907 1,002,464 
Staar Surgical Co. (b) 55,622 2,653,169 
Steris PLC 162,639 18,609,154 
STRATA Skin Sciences, Inc. (b) 803 2,144 
Stryker Corp. 623,601 105,656,717 
SurModics, Inc. (b) 23,983 1,888,661 
Synergetics U.S.A., Inc. (b)(c) 19,727 0 
Tactile Systems Technology, Inc. (a)(b) 30,490 2,063,258 
Tandem Diabetes Care, Inc. (a)(b) 108,658 4,964,584 
Teleflex, Inc. 87,631 21,682,538 
The Cooper Companies, Inc. 95,010 24,301,658 
TransEnterix, Inc. (a)(b) 207,703 1,204,677 
Utah Medical Products, Inc. 13,511 1,227,474 
Varex Imaging Corp. (a)(b) 86,203 2,706,774 
Varian Medical Systems, Inc. (b) 180,543 20,224,427 
Vermillion, Inc. (b) 12,449 7,843 
ViewRay, Inc. (a)(b) 117,177 1,181,144 
Viveve Medical, Inc. (a)(b) 45,477 143,253 
West Pharmaceutical Services, Inc. 145,035 16,976,347 
Wright Medical Group NV (a)(b) 202,730 5,875,115 
Zimmer Biomet Holdings, Inc. 393,672 48,669,669 
Zosano Pharma Corp. (a)(b) 22,328 93,108 
  1,798,539,903 
Health Care Providers & Services - 3.0%   
AAC Holdings, Inc. (a)(b) 16,668 147,678 
Acadia Healthcare Co., Inc. (a)(b) 159,970 6,643,554 
Aceto Corp. 47,837 158,819 
Addus HomeCare Corp. (b) 24,045 1,560,521 
Aetna, Inc. 631,624 126,495,338 
Amedisys, Inc. (b) 57,080 7,135,571 
American Renal Associates Holdings, Inc. (a)(b) 30,049 659,576 
AmerisourceBergen Corp. 315,793 28,411,896 
AMN Healthcare Services, Inc. (a)(b) 90,995 5,305,009 
Anthem, Inc. 493,566 130,661,727 
BioScrip, Inc. (a)(b) 230,699 669,027 
BioTelemetry, Inc. (b) 60,094 3,713,809 
Brookdale Senior Living, Inc. (b) 360,000 3,571,200 
Caladrius Biosciences, Inc. (b) 9,530 50,223 
Capital Senior Living Corp. (b) 53,746 476,727 
Cardinal Health, Inc. 601,923 31,414,361 
Catasys, Inc. (b) 3,161 28,702 
Centene Corp. (b) 396,017 58,008,570 
Chemed Corp. 30,507 9,870,235 
Cigna Corp. 470,957 88,700,041 
Civitas Solutions, Inc. (b) 27,734 443,744 
Community Health Systems, Inc. (a)(b) 206,000 799,280 
Corvel Corp. (b) 18,940 1,125,983 
Cross Country Healthcare, Inc. (b) 66,434 665,004 
CVS Health Corp. 1,967,521 148,036,280 
DaVita HealthCare Partners, Inc. (b) 270,656 18,753,754 
Diplomat Pharmacy, Inc. (a)(b) 93,066 1,922,744 
Envision Healthcare Corp. (b) 230,716 10,465,278 
Express Scripts Holding Co. (b) 1,087,608 95,731,256 
Five Star Sr Living, Inc. (b) 70,113 69,412 
G1 Therapeutics, Inc. (a)(b) 37,423 2,270,828 
Genesis HealthCare, Inc. Class A (a)(b) 72,843 128,932 
HCA Holdings, Inc. 541,945 72,680,244 
HealthEquity, Inc. (b) 101,976 9,607,159 
HealthSouth Corp. 191,103 15,592,094 
Henry Schein, Inc. (a)(b) 296,896 23,062,881 
Humana, Inc. 265,925 88,622,166 
Interpace Diagnostics Group, Inc. (b) 136 200 
Laboratory Corp. of America Holdings (b) 197,626 34,163,607 
LHC Group, Inc. (b) 58,223 5,760,001 
LifePoint Hospitals, Inc. (b) 73,087 4,706,803 
Magellan Health Services, Inc. (b) 46,615 3,426,203 
McKesson Corp. 390,138 50,230,268 
MEDNAX, Inc. (b) 183,817 8,703,735 
Molina Healthcare, Inc. (a)(b) 90,979 12,555,102 
National Healthcare Corp. 20,690 1,594,578 
National Research Corp. Class A 20,553 804,650 
National Vision Holdings, Inc. 99,203 4,389,733 
OptiNose, Inc. 38,007 565,164 
Owens & Minor, Inc. (a) 118,083 2,005,049 
Patterson Companies, Inc. (a) 169,627 3,825,089 
Premier, Inc. (a)(b) 113,429 5,016,965 
Providence Service Corp. (b) 20,443 1,372,543 
Psychemedics Corp. 2,724 52,655 
Quest Diagnostics, Inc. 264,008 29,035,600 
Quorum Health Corp. (a)(b) 61,662 280,562 
R1 RCM, Inc. (b) 178,635 1,780,991 
RadNet, Inc. (b) 68,592 949,999 
Select Medical Holdings Corp. (b) 210,659 4,171,048 
Sharps Compliance Corp. (b) 12,687 44,785 
Surgery Partners, Inc. (a)(b) 43,549 755,575 
Tenet Healthcare Corp. (a)(b) 162,206 5,469,586 
The Ensign Group, Inc. 96,070 3,753,455 
The Joint Corp. (b) 4,485 38,436 
Tivity Health, Inc. (a)(b) 70,816 2,436,070 
Triple-S Management Corp. (b) 44,329 965,042 
U.S. Physical Therapy, Inc. 24,843 3,111,586 
UnitedHealth Group, Inc. 1,860,709 499,525,938 
Universal Health Services, Inc. Class B 168,906 21,984,805 
Wellcare Health Plans, Inc. (b) 96,042 29,059,428 
  1,736,194,874 
Health Care Technology - 0.2%   
Allscripts Healthcare Solutions, Inc. (b) 329,763 4,817,837 
athenahealth, Inc. (b) 77,995 12,003,431 
Castlight Health, Inc. Class B (a)(b) 151,493 454,479 
Cerner Corp. (b) 605,108 39,398,582 
Computer Programs & Systems, Inc. (a) 21,937 598,880 
Evolent Health, Inc. (a)(b) 132,217 3,371,534 
HealthStream, Inc. 46,897 1,488,042 
HMS Holdings Corp. (b) 165,285 5,297,384 
HTG Molecular Diagnostics (a)(b) 63,917 286,987 
iCAD, Inc. (b) 14,864 44,592 
Inovalon Holdings, Inc. Class A (a)(b) 119,481 1,314,291 
Medidata Solutions, Inc. (a)(b) 114,952 9,768,621 
NantHealth, Inc. (a)(b) 56,729 125,938 
Omnicell, Inc. (b) 73,082 5,024,388 
Quality Systems, Inc. (b) 91,673 2,098,395 
Simulations Plus, Inc. 16,033 334,288 
Tabula Rasa HealthCare, Inc. (a)(b) 25,588 2,243,300 
Teladoc Health, Inc. (a)(b) 132,579 10,281,501 
Valeritas Holdings, Inc. (a)(b) 25,700 29,555 
Veeva Systems, Inc. Class A (b) 229,272 23,926,826 
Vocera Communications, Inc. (b) 55,152 1,828,840 
  124,737,691 
Life Sciences Tools & Services - 0.9%   
Accelerate Diagnostics, Inc. (a)(b) 48,811 1,200,751 
Agilent Technologies, Inc. 623,247 42,094,102 
Bio-Rad Laboratories, Inc. Class A (b) 38,796 12,620,339 
Bio-Techne Corp. 72,516 13,935,400 
Bruker Corp. 204,025 7,259,210 
Cambrex Corp. (b) 66,661 4,492,951 
Charles River Laboratories International, Inc. (b) 93,768 11,581,286 
ChromaDex, Inc. (a)(b) 56,591 256,357 
Codexis, Inc. (b) 74,109 1,274,675 
Enzo Biochem, Inc. (b) 66,443 304,973 
Fluidigm Corp. (a)(b) 46,109 365,183 
Harvard Bioscience, Inc. (b) 53,166 316,338 
Illumina, Inc. (b) 284,128 100,817,138 
Luminex Corp. 75,617 2,133,156 
Medpace Holdings, Inc. (b) 50,255 3,004,746 
Mettler-Toledo International, Inc. (b) 48,948 28,608,148 
Nanostring Technologies, Inc. (b) 49,108 794,076 
NeoGenomics, Inc. (b) 145,940 2,021,269 
Pacific Biosciences of California, Inc. (a)(b) 198,134 988,689 
PerkinElmer, Inc. 212,888 19,677,238 
PRA Health Sciences, Inc. (b) 110,524 11,671,334 
Quintiles Transnational Holdings, Inc. (b) 311,623 39,604,167 
Syneos Health, Inc. (b) 116,220 5,793,567 
Thermo Fisher Scientific, Inc. 778,338 186,100,616 
Waters Corp. (b) 151,379 28,683,293 
  525,599,002 
Pharmaceuticals - 4.0%   
AcelRx Pharmaceuticals, Inc. (a)(b) 65,025 201,578 
Acer Therapeutics, Inc. (b) 9,342 299,691 
Aclaris Therapeutics, Inc. (a)(b) 40,572 645,906 
Adamis Pharmaceuticals Corp. (a)(b) 48,966 139,553 
Aerie Pharmaceuticals, Inc. (a)(b) 78,816 4,835,362 
Agile Therapeutics, Inc. (b) 87,068 25,511 
Akcea Therapeutics, Inc. (a)(b) 34,733 917,299 
Akorn, Inc. (b) 181,300 2,844,597 
Alimera Sciences, Inc. (a)(b) 22,049 22,931 
Allergan PLC 657,234 125,998,330 
Amneal Pharmaceuticals, Inc. (a)(b) 143,636 3,317,992 
Amphastar Pharmaceuticals, Inc. (b) 63,932 1,213,429 
Ampio Pharmaceuticals, Inc. (a)(b) 168,674 106,096 
ANI Pharmaceuticals, Inc. (b) 15,497 901,925 
ANI Pharmaceuticals, Inc. rights (b)(c) 21,445 0 
Apricus Biosciences, Inc. (b) 41,618 13,734 
Aradigm Corp. (a)(b) 17,241 23,275 
Aratana Therapeutics, Inc. (b) 80,168 424,890 
Assembly Biosciences, Inc. (b) 37,235 1,489,400 
Assertio Therapeutics, Inc. (a)(b) 137,271 875,789 
AstraZeneca PLC rights (b)(c) 7,692 0 
Athenex, Inc. (b) 67,984 1,116,977 
Axsome Therapeutics, Inc. (a)(b) 21,511 74,213 
Bio Path Holdings, Inc. (a)(b) 16,665 22,664 
Biodelivery Sciences International, Inc. (b) 170,623 507,603 
BioPharmX Corp. (a)(b) 64,864 10,138 
Bristol-Myers Squibb Co. 3,166,410 191,726,126 
Catalent, Inc. (b) 281,165 11,752,697 
Cerecor, Inc. (a)(b) 17,078 82,487 
Chiasma, Inc. (b) 8,745 20,551 
Clearside Biomedical, Inc. (b) 59,205 403,186 
Collegium Pharmaceutical, Inc. (a)(b) 37,819 646,705 
ContraVir Pharmaceuticals, Inc. (a)(b) 18,614 13,774 
Corcept Therapeutics, Inc. (a)(b) 180,660 2,713,513 
Corium International, Inc. (a)(b) 42,043 410,340 
CorMedix, Inc. (a)(b) 48,587 30,124 
Cumberland Pharmaceuticals, Inc. (b) 7,158 42,304 
CymaBay Therapeutics, Inc. (a)(b) 115,491 1,574,142 
Dermira, Inc. (a)(b) 70,654 672,626 
Dova Pharmaceuticals, Inc. (a)(b) 24,096 613,243 
Durect Corp. (b) 291,543 381,921 
Egalet Corp. (a)(b) 12,340 4,751 
Eli Lilly & Co. 1,852,484 195,714,935 
Eloxx Pharmaceuticals, Inc. (a)(b) 47,990 879,177 
Endo International PLC (b) 391,608 6,716,077 
Endocyte, Inc. (b) 117,449 2,316,094 
Evofem Biosciences, Inc. (b) 1,682 6,829 
Evolus, Inc. (b) 20,100 514,359 
Eyepoint Pharmaceuticals, Inc. (a)(b) 68,488 149,989 
Flex Pharma, Inc. (a)(b) 10,224 5,061 
Gemphire Therapeutics, Inc. (a)(b) 13,477 18,868 
Horizon Pharma PLC (b) 317,826 6,718,842 
Imprimis Pharmaceuticals, Inc. (a)(b) 10,757 32,701 
InflaRx NV (b) 8,911 299,410 
Innoviva, Inc. (a)(b) 134,795 1,957,223 
Intersect ENT, Inc. (b) 61,422 1,799,665 
Intra-Cellular Therapies, Inc. (b) 90,774 1,991,582 
Jazz Pharmaceuticals PLC (b) 117,285 20,046,352 
Johnson & Johnson 5,193,970 699,575,819 
Kala Pharmaceuticals, Inc. (b) 12,699 171,563 
KemPharm, Inc. (a)(b) 9,786 50,887 
Lannett Co., Inc. (a)(b) 55,565 297,273 
Lipocine, Inc. (a)(b) 20,645 30,761 
Mallinckrodt PLC (a)(b) 161,170 5,553,918 
Marinus Pharmaceuticals, Inc. (a)(b) 44,865 320,336 
Melinta Therapeutics, Inc. (b) 86,180 402,892 
Merck & Co., Inc. 5,212,503 357,525,581 
Mersana Therapeutics, Inc. (a)(b) 8,641 120,542 
Mustang Bio, Inc. (a)(b) 46,728 323,358 
Mylan NV (b) 1,004,926 39,322,754 
MyoKardia, Inc. (b) 65,691 4,049,850 
Nektar Therapeutics (a)(b) 312,604 20,785,040 
Neos Therapeutics, Inc. (b) 42,039 241,724 
Novan, Inc. (b) 7,147 20,583 
Novus Therapeutics, Inc. (b) 4,578 21,746 
Ocular Therapeutix, Inc. (b) 54,730 369,428 
Odonate Therapeutics, Inc. (a)(b) 11,840 227,210 
Omeros Corp. (a)(b) 96,420 2,495,350 
Onconova Therapeutics, Inc. (b) 624 268 
Otonomy, Inc. (b) 38,289 114,867 
Pacira Pharmaceuticals, Inc. (b) 77,357 3,647,383 
Pain Therapeutics, Inc. (a)(b) 4,934 5,033 
Paratek Pharmaceuticals, Inc. (a)(b) 50,371 516,303 
Pernix Therapeutics Holdings, Inc. (a)(b) 4,109 4,438 
Perrigo Co. PLC 254,814 19,495,819 
Pfizer, Inc. 11,312,751 469,705,422 
Phibro Animal Health Corp. Class A 42,271 1,995,191 
Plx Pharma PLC/New (b) 290 957 
Prestige Brands Holdings, Inc. (a)(b) 103,367 3,979,630 
Reata Pharmaceuticals, Inc. (b) 30,461 2,630,612 
resTORbio, Inc. (a)(b) 5,960 70,507 
Revance Therapeutics, Inc. (b) 53,023 1,452,830 
Rhythm Pharmaceuticals, Inc. 38,788 1,221,822 
scPharmaceuticals, Inc. (a)(b) 5,674 29,051 
SCYNEXIS, Inc. (b) 57,121 77,113 
SIGA Technologies, Inc. (b) 136,087 1,119,996 
Spero Therapeutics, Inc. (a)(b) 17,885 204,068 
Supernus Pharmaceuticals, Inc. (b) 101,178 4,482,185 
Teligent, Inc. (a)(b) 140,525 567,721 
Tetraphase Pharmaceuticals, Inc. (b) 88,378 312,858 
The Medicines Company (a)(b) 125,813 4,983,453 
TherapeuticsMD, Inc. (a)(b) 357,620 2,317,378 
Theravance Biopharma, Inc. (a)(b) 78,547 2,275,507 
Titan Pharmaceuticals, Inc. (a)(b) 11,285 8,294 
VIVUS, Inc. (a)(b) 157,068 88,272 
WAVE Life Sciences (b) 28,404 1,513,933 
Zoetis, Inc. Class A 935,759 84,779,765 
Zogenix, Inc. (a)(b) 80,163 3,871,873 
Zynerba Pharmaceuticals, Inc. (b) 23,422 188,079 
  2,339,851,780 
TOTAL HEALTH CARE  8,270,622,371 
INDUSTRIALS - 10.3%   
Aerospace & Defense - 2.4%   
AAR Corp. 61,245 2,858,304 
Aerojet Rocketdyne Holdings, Inc. (a)(b) 144,557 5,075,396 
AeroVironment, Inc. (a)(b) 42,201 3,712,000 
Arconic, Inc. 831,375 18,606,173 
Arotech Corp. (b) 32,173 107,780 
Astronics Corp. (b) 43,941 1,911,873 
Astrotech Corp. (b) 1,741 5,972 
Axon Enterprise, Inc. (b) 110,441 7,538,703 
BWX Technologies, Inc. 198,337 12,162,025 
CPI Aerostructures, Inc. (b) 5,980 49,933 
Cubic Corp. 52,237 3,954,341 
Curtiss-Wright Corp. 85,994 11,518,896 
Ducommun, Inc. (b) 17,547 713,987 
Engility Holdings, Inc. (b) 33,913 1,177,120 
Esterline Technologies Corp. (b) 49,383 4,244,469 
General Dynamics Corp. 534,817 103,433,608 
Harris Corp. 230,443 37,449,292 
HEICO Corp. 112,063 10,161,873 
HEICO Corp. Class A 99,272 7,395,764 
Hexcel Corp. 172,525 11,407,353 
Huntington Ingalls Industries, Inc. 85,477 20,896,562 
Innovative Solutions & Support, Inc. (b) 21,878 57,977 
KEYW Holding Corp. (a)(b) 83,554 711,045 
KLX, Inc. (b) 99,257 7,329,137 
Kratos Defense & Security Solutions, Inc. (a)(b) 188,108 2,513,123 
L3 Technologies, Inc. 150,372 32,137,504 
Lockheed Martin Corp. 480,522 153,964,054 
Mercury Systems, Inc. (b) 94,994 5,178,123 
Micronet Enertec Technologies, Inc. (b) 3,018 3,803 
Moog, Inc. Class A 63,191 4,986,402 
National Presto Industries, Inc. (a) 9,348 1,239,545 
Northrop Grumman Corp. 337,543 100,753,210 
Raytheon Co. 555,761 110,840,974 
Rockwell Collins, Inc. 315,740 42,924,853 
SIFCO Industries, Inc. (b) 891 4,678 
Sparton Corp. (b) 13,384 170,914 
Spirit AeroSystems Holdings, Inc. Class A 218,638 18,693,549 
Teledyne Technologies, Inc. (b) 71,647 16,998,967 
Textron, Inc. 501,644 34,628,485 
The Boeing Co. 1,059,025 363,023,180 
TransDigm Group, Inc. (a) 93,780 32,823,000 
Triumph Group, Inc. 96,901 2,015,541 
United Technologies Corp. 1,436,142 189,139,901 
Vectrus, Inc. (b) 21,828 716,395 
Wesco Aircraft Holdings, Inc. (b) 115,814 1,407,140 
  1,386,642,924 
Air Freight & Logistics - 0.6%   
Air Transport Services Group, Inc. (b) 93,235 1,897,332 
Atlas Air Worldwide Holdings, Inc. (b) 53,392 3,251,573 
C.H. Robinson Worldwide, Inc. 268,656 25,812,468 
Echo Global Logistics, Inc. (b) 48,848 1,621,754 
Expeditors International of Washington, Inc. 336,984 24,694,188 
FedEx Corp. 473,704 115,560,091 
Forward Air Corp. 54,775 3,519,842 
Hub Group, Inc. Class A (b) 68,591 3,625,034 
Radiant Logistics, Inc. (b) 54,959 239,072 
United Parcel Service, Inc. Class B 1,334,412 163,972,547 
XPO Logistics, Inc. (b) 203,064 21,626,316 
  365,820,217 
Airlines - 0.4%   
Alaska Air Group, Inc. 239,265 16,147,995 
Allegiant Travel Co. 26,478 3,607,628 
American Airlines Group, Inc. (a) 803,180 32,512,726 
Delta Air Lines, Inc. 1,245,372 72,829,355 
Hawaiian Holdings, Inc. 101,162 4,198,223 
JetBlue Airways Corp. (b) 604,815 11,539,870 
SkyWest, Inc. 103,271 6,743,596 
Southwest Airlines Co. 1,029,855 63,130,112 
Spirit Airlines, Inc. (a)(b) 136,282 6,476,121 
United Continental Holdings, Inc. (b) 453,940 39,683,435 
  256,869,061 
Building Products - 0.4%   
A.O. Smith Corp. 280,791 16,308,341 
AAON, Inc. (a) 75,766 3,060,946 
Advanced Drain Systems, Inc. Del 80,409 2,520,822 
Allegion PLC 182,670 15,932,477 
American Woodmark Corp. (b) 25,723 2,185,169 
Apogee Enterprises, Inc. 57,956 2,852,594 
Armstrong World Industries, Inc. (b) 101,993 7,119,111 
Builders FirstSource, Inc. (b) 211,226 3,299,350 
Continental Building Products, Inc. (b) 69,835 2,604,846 
COVIA Corp. (a)(b) 69,245 784,546 
CSW Industrials, Inc. (b) 30,039 1,682,184 
Fortune Brands Home & Security, Inc. 275,918 14,618,136 
GCP Applied Technologies, Inc. (b) 158,460 3,993,192 
Gibraltar Industries, Inc. (b) 65,294 2,964,348 
GMS, Inc. (b) 62,105 1,543,309 
Griffon Corp. 59,127 1,079,068 
Insteel Industries, Inc. 37,939 1,454,961 
Jeld-Wen Holding, Inc. (b) 148,484 3,611,131 
Johnson Controls International PLC (a) 1,789,406 67,585,865 
Lennox International, Inc. 72,228 16,093,121 
Masco Corp. 597,451 22,685,214 
Masonite International Corp. (b) 57,874 3,874,664 
NCI Building Systems, Inc. (b) 83,177 1,405,691 
Owens Corning 214,220 12,129,136 
Patrick Industries, Inc. (b) 43,398 2,777,472 
PGT, Inc. (b) 102,511 2,491,017 
Quanex Building Products Corp. 68,283 1,119,841 
Simpson Manufacturing Co. Ltd. 82,104 6,303,124 
Tecogen, Inc. New (b) 2,274 7,027 
Trex Co., Inc. (b) 113,536 9,616,499 
Universal Forest Products, Inc. 122,245 4,579,298 
USG Corp. (b) 164,740 7,100,294 
  245,382,794 
Commercial Services & Supplies - 0.6%   
ABM Industries, Inc. 140,028 4,441,688 
ACCO Brands Corp. 198,147 2,457,023 
ADS Waste Holdings, Inc. (b) 88,843 2,370,331 
Aqua Metals, Inc. (a)(b) 55,073 133,827 
ARC Document Solutions, Inc. (b) 67,501 217,353 
Brady Corp. Class A 100,860 4,079,787 
Casella Waste Systems, Inc. Class A (b) 75,879 2,153,446 
CECO Environmental Corp. 48,389 408,403 
Cintas Corp. 166,096 35,439,904 
Clean Harbors, Inc. (b) 97,820 6,709,474 
Copart, Inc. (b) 391,866 25,200,902 
Covanta Holding Corp. 268,834 4,744,920 
Deluxe Corp. 99,293 5,880,131 
Document Security Systems, Inc. (b) 4,956 6,096 
Ennis, Inc. 45,103 983,245 
Essendant, Inc. 81,308 1,173,274 
Evoqua Water Technologies Corp. (a)(b) 129,946 2,518,353 
Fuel Tech, Inc. (b) 51,934 61,282 
Healthcare Services Group, Inc. 146,219 6,025,685 
Heritage-Crystal Clean, Inc. (b) 24,833 578,609 
Herman Miller, Inc. 110,582 4,235,291 
HNI Corp. 80,621 3,555,386 
Hudson Technologies, Inc. (a)(b) 56,393 105,455 
Industrial Services of America, Inc. (b) 1,620 3,750 
Interface, Inc. 108,800 2,562,240 
Intersections, Inc. (a)(b) 12,865 22,256 
KAR Auction Services, Inc. 260,140 16,308,177 
Kimball International, Inc. Class B 67,655 1,181,933 
Knoll, Inc. 98,653 2,322,292 
LSC Communications, Inc. 75,405 922,203 
Matthews International Corp. Class A 64,028 3,323,053 
McGrath RentCorp. 45,864 2,660,112 
Mobile Mini, Inc. 87,122 3,737,534 
Msa Safety, Inc. 64,315 6,501,603 
Multi-Color Corp. 29,677 1,832,555 
NL Industries, Inc. (b) 9,391 74,189 
Odyssey Marine Exploration, Inc. (a)(b) 19,370 180,528 
Performant Financial Corp. (b) 31,038 75,112 
Perma-Fix Environmental Services, Inc. (b) 6,937 32,951 
PICO Holdings, Inc. 40,505 484,035 
Pitney Bowes, Inc. 355,612 2,581,743 
Quad/Graphics, Inc. 60,578 1,379,361 
Quest Resource Holding Corp. (b) 2,977 6,401 
R.R. Donnelley & Sons Co. 149,303 755,473 
Republic Services, Inc. 436,427 32,016,285 
Rollins, Inc. 202,826 12,185,786 
SP Plus Corp. (b) 41,799 1,625,981 
Steelcase, Inc. Class A 174,208 2,543,437 
Stericycle, Inc. (b) 167,390 10,326,289 
Team, Inc. (a)(b) 59,115 1,377,380 
Tetra Tech, Inc. 110,597 7,719,671 
The Brink's Co. 99,071 7,440,232 
U.S. Ecology, Inc. 42,920 3,122,430 
UniFirst Corp. 31,673 5,865,840 
Viad Corp. 42,117 2,594,407 
Virco Manufacturing Co. 2,682 13,276 
VSE Corp. 14,696 566,972 
Waste Management, Inc. 769,545 69,951,641 
  317,776,993 
Construction & Engineering - 0.2%   
AECOM (b) 308,868 10,390,320 
Aegion Corp. (b) 60,444 1,508,682 
Ameresco, Inc. Class A (b) 38,199 548,156 
Argan, Inc. 31,781 1,264,884 
Comfort Systems U.S.A., Inc. 69,706 4,001,124 
Construction Partners, Inc. Class A 10,594 128,717 
Dycom Industries, Inc. (a)(b) 59,430 4,986,771 
EMCOR Group, Inc. 114,642 9,182,824 
Fluor Corp. 271,131 15,565,631 
Goldfield Corp. 41,171 195,562 
Granite Construction, Inc. 87,105 3,978,956 
Great Lakes Dredge & Dock Corp. (b) 84,939 465,041 
HC2 Holdings, Inc. (b) 59,402 372,451 
Ies Holdings, Inc. (b) 16,326 312,643 
Jacobs Engineering Group, Inc. 231,718 16,843,581 
KBR, Inc. 285,164 5,982,741 
Keane Group, Inc. (b) 93,529 1,148,536 
MasTec, Inc. (a)(b) 122,920 5,383,896 
MYR Group, Inc. (b) 33,116 1,151,443 
Northwest Pipe Co. (b) 13,547 244,659 
NV5 Holdings, Inc. (b) 21,059 1,862,669 
Orion Group Holdings, Inc. (b) 40,114 345,783 
Primoris Services Corp. 85,135 2,133,483 
Quanta Services, Inc. (b) 285,747 9,883,989 
Sterling Construction Co., Inc. (b) 41,743 607,361 
Tutor Perini Corp. (a)(b) 72,569 1,476,779 
Valmont Industries, Inc. 47,070 6,608,628 
Williams Scotsman Corp. (a)(b) 94,877 1,655,604 
  108,230,914 
Electrical Equipment - 0.7%   
Acuity Brands, Inc. 78,436 11,988,158 
Allied Motion Technologies, Inc. 12,157 593,748 
American Superconductor Corp. (a)(b) 28,086 171,325 
AMETEK, Inc. 449,417 34,587,132 
AZZ, Inc. 51,737 2,780,864 
Babcock & Wilcox Enterprises, Inc. (a)(b) 351,396 491,954 
Broadwind Energy, Inc. (b) 15,938 34,745 
Capstone Turbine Corp. (a)(b) 116,532 130,516 
Eaton Corp. PLC 843,603 70,137,153 
Emerson Electric Co. 1,217,413 93,412,099 
Encore Wire Corp. 41,219 2,071,255 
Energous Corp. (a)(b) 37,680 483,058 
Energy Focus, Inc. (a)(b) 8,003 17,206 
EnerSys 85,554 7,100,126 
Enphase Energy, Inc. (a)(b) 145,162 709,842 
EnSync, Inc. (b) 32,445 11,356 
Espey Manufacturing & Electronics Corp. 2,015 53,901 
Fortive Corp. 590,464 49,587,167 
FuelCell Energy, Inc. (a)(b) 124,980 146,227 
Generac Holdings, Inc. (b) 118,381 6,568,962 
GrafTech International Ltd. 92,608 1,711,396 
Hubbell, Inc. Class B 106,910 13,509,148 
Ideal Power, Inc. (a)(b) 38,104 25,160 
LSI Industries, Inc. 41,234 213,180 
Ocean Power Technologies, Inc. (a)(b) 1,104 818 
Orion Energy Systems, Inc. (b) 20,733 19,738 
Plug Power, Inc. (a)(b) 485,070 955,588 
Powell Industries, Inc. 13,455 526,763 
Preformed Line Products Co. 3,783 309,071 
Regal Beloit Corp. 88,822 7,434,401 
Revolution Lighting Technologies, Inc. (a)(b) 12,794 34,672 
Rockwell Automation, Inc. 240,440 43,510,022 
Sensata Technologies, Inc. PLC (a)(b) 332,749 17,619,060 
Sunrun, Inc. (a)(b) 135,686 1,780,200 
Sunworks, Inc. (a)(b) 12,722 8,759 
Thermon Group Holdings, Inc. (b) 61,565 1,649,942 
TPI Composites, Inc. (b) 29,824 835,967 
Ultralife Corp. (b) 13,410 115,997 
Vicor Corp. (b) 36,584 2,284,671 
Vivint Solar, Inc. (b) 47,226 247,937 
  373,869,284 
Industrial Conglomerates - 1.3%   
3M Co. 1,148,186 242,175,391 
Carlisle Companies, Inc. 118,678 15,049,557 
General Electric Co. 16,832,865 217,817,273 
Honeywell International, Inc. 1,442,899 229,507,515 
ITT, Inc. 172,118 10,173,895 
Raven Industries, Inc. 69,340 3,356,056 
Roper Technologies, Inc. 199,894 59,642,373 
  777,722,060 
Machinery - 1.8%   
Actuant Corp. Class A 125,422 3,693,678 
AGCO Corp. 131,250 7,830,375 
Alamo Group, Inc. 17,898 1,705,679 
Albany International Corp. Class A 62,689 4,836,456 
Allison Transmission Holdings, Inc. 248,055 12,318,411 
Altra Industrial Motion Corp. (a) 59,112 2,308,324 
American Railcar Industries, Inc. 11,797 540,539 
Apergy Corp. (a)(b) 151,299 6,841,741 
ARC Group Worldwide, Inc. (b) 1,450 2,755 
Astec Industries, Inc. 38,170 1,856,971 
Barnes Group, Inc. 99,892 6,798,650 
Blue Bird Corp. (a)(b) 19,796 454,318 
Briggs & Stratton Corp. 97,049 1,956,508 
Cactus, Inc. (b) 76,604 2,618,325 
Caterpillar, Inc. 1,154,351 160,281,636 
Chart Industries, Inc. (a)(b) 59,494 4,494,772 
CIRCOR International, Inc. 43,898 1,991,213 
Colfax Corp. (b) 200,004 6,984,140 
Columbus McKinnon Corp. (NY Shares) 35,569 1,512,750 
Commercial Vehicle Group, Inc. (b) 77,079 752,291 
Crane Co. 102,153 9,324,526 
Cummins, Inc. 297,973 42,252,571 
Deere & Co. 626,898 90,147,932 
Dmc Global, Inc. 26,383 1,035,533 
Donaldson Co., Inc. 259,438 13,127,563 
Douglas Dynamics, Inc. 45,549 2,086,144 
Dover Corp. 297,645 25,558,776 
Eastern Co. 5,588 164,846 
Energy Recovery, Inc. (a)(b) 61,650 597,389 
EnPro Industries, Inc. 39,127 2,937,264 
ESCO Technologies, Inc. 51,155 3,460,636 
ExOne Co. (a)(b) 13,829 122,110 
Federal Signal Corp. 119,603 3,113,266 
Flowserve Corp. 256,637 13,375,920 
Franklin Electric Co., Inc. 78,635 3,845,252 
FreightCar America, Inc. 19,411 328,240 
Gardner Denver Holdings, Inc. (b) 133,892 3,743,620 
Gates Industrial Corp. PLC (b) 113,859 2,075,650 
Gencor Industries, Inc. (b) 2,773 35,772 
Global Brass & Copper Holdings, Inc. 40,805 1,573,033 
Gorman-Rupp Co. 39,337 1,442,094 
Graco, Inc. 320,025 15,044,375 
Graham Corp. 13,997 389,257 
Greenbrier Companies, Inc. (a) 53,689 3,113,962 
Harsco Corp. (b) 164,375 4,643,594 
Hillenbrand, Inc. 122,624 6,272,218 
Hurco Companies, Inc. 7,331 314,500 
Hyster-Yale Materials Handling Class A 17,565 1,083,761 
IDEX Corp. 156,102 23,916,387 
Illinois Tool Works, Inc. 588,618 81,747,268 
Ingersoll-Rand PLC 478,155 48,432,320 
Jason Industries, Inc. (b) 13,118 36,337 
John Bean Technologies Corp. 63,649 7,529,677 
Kadant, Inc. 21,551 2,177,729 
Kennametal, Inc. 154,088 6,292,954 
L.B. Foster Co. Class A (b) 14,781 336,268 
Lincoln Electric Holdings, Inc. 119,307 11,233,947 
Lindsay Corp. 21,677 2,076,006 
LiqTech International, Inc. (b) 29,487 37,448 
Lydall, Inc. (b) 35,107 1,502,580 
Manitex International, Inc. (b) 22,611 239,224 
Manitowoc Co., Inc. (b) 77,458 1,796,251 
Meritor, Inc. (b) 165,960 3,594,694 
Middleby Corp. (a)(b) 106,607 12,957,015 
Milacron Holdings Corp. (b) 108,228 2,294,434 
Miller Industries, Inc. 17,053 491,126 
Mueller Industries, Inc. 105,921 3,386,294 
Mueller Water Products, Inc. Class A 293,253 3,392,937 
Navistar International Corp. New (b) 135,078 5,885,348 
NN, Inc. 52,533 1,050,660 
Nordson Corp. 100,267 13,939,118 
Omega Flex, Inc. 9,376 832,120 
Oshkosh Corp. 140,191 9,849,820 
PACCAR, Inc. 679,547 46,494,606 
Park-Ohio Holdings Corp. 14,422 597,792 
Parker Hannifin Corp. 253,685 44,547,086 
Pentair PLC (a) 305,732 13,293,227 
ProPetro Holding Corp. (a)(b) 135,286 2,059,053 
Proto Labs, Inc. (b) 50,933 7,917,535 
RBC Bearings, Inc. (b) 45,770 6,856,804 
Rexnord Corp. (b) 212,340 6,164,230 
Snap-On, Inc. 109,115 19,289,350 
Spartan Motors, Inc. 58,691 848,085 
SPX Corp. (b) 82,686 2,810,497 
SPX Flow, Inc. (b) 81,195 3,892,488 
Standex International Corp. 25,325 2,732,568 
Stanley Black & Decker, Inc. 297,054 41,744,999 
Sun Hydraulics Corp. 54,328 2,734,872 
Tennant Co. 37,244 2,851,028 
Terex Corp. 134,325 5,205,094 
The L.S. Starrett Co. Class A 4,836 30,950 
Timken Co. 132,173 6,430,216 
Titan International, Inc. 99,148 741,627 
Toro Co. 202,538 12,312,285 
TriMas Corp. (b) 87,891 2,698,254 
Trinity Industries, Inc. 282,304 10,117,775 
Twin Disc, Inc. (b) 12,776 326,427 
Wabash National Corp. 128,198 2,338,332 
WABCO Holdings, Inc. (b) 97,717 12,027,008 
Wabtec Corp. (a) 164,993 17,872,042 
Watts Water Technologies, Inc. Class A 51,551 4,250,380 
Woodward, Inc. 106,719 8,597,283 
Xerium Technologies, Inc. (b) 24,055 323,299 
Xylem, Inc. 346,859 26,330,067 
  1,040,452,557 
Marine - 0.0%   
Genco Shipping & Trading Ltd. (b) 30,037 412,408 
Kirby Corp. (b) 104,255 9,101,462 
Matson, Inc. 77,859 2,908,812 
  12,422,682 
Professional Services - 0.5%   
Acacia Research Corp. (b) 85,808 334,651 
Asgn, Inc. (b) 102,509 9,491,308 
Barrett Business Services, Inc. 14,280 1,071,428 
BG Staffing, Inc. 15,034 366,228 
CBIZ, Inc. (b) 102,613 2,452,451 
CoStar Group, Inc. (b) 70,825 31,315,982 
CRA International, Inc. 15,589 891,067 
Dun & Bradstreet Corp. 69,069 9,871,341 
Equifax, Inc. 231,868 31,063,356 
Exponent, Inc. 105,908 5,544,284 
Forrester Research, Inc. 19,263 947,740 
Franklin Covey Co. (b) 21,149 541,414 
FTI Consulting, Inc. (b) 72,107 5,495,996 
GP Strategies Corp. (b) 24,233 461,639 
Heidrick & Struggles International, Inc. 35,167 1,554,381 
Hudson Global, Inc. (b) 13,947 24,128 
Huron Consulting Group, Inc. (b) 44,292 2,192,454 
ICF International, Inc. 39,140 3,195,781 
IHS Markit Ltd. (b) 692,751 38,101,305 
InnerWorkings, Inc. (b) 93,417 730,521 
Insperity, Inc. 75,823 9,087,387 
Kelly Services, Inc. Class A (non-vtg.) 58,614 1,477,659 
Kforce, Inc. 47,957 2,016,592 
Korn/Ferry International 104,534 7,017,367 
Manpower, Inc. 124,187 11,640,048 
Marathon Patent Group, Inc. (a)(b) 2,210 2,166 
Mastech Digital, Inc. (b) 746 7,833 
MISTRAS Group, Inc. (b) 29,557 674,195 
Navigant Consulting, Inc. 88,402 2,111,924 
Nielsen Holdings PLC 643,338 16,726,788 
RCM Technologies, Inc. 9,908 48,549 
Reis, Inc. 9,166 211,276 
Resources Connection, Inc. 51,824 857,687 
Robert Half International, Inc. 239,490 18,723,328 
TransUnion Holding Co., Inc. 293,200 22,077,960 
TriNet Group, Inc. (b) 78,552 4,640,067 
TrueBlue, Inc. (b) 75,110 2,200,723 
Verisk Analytics, Inc. (b) 297,961 35,484,175 
Volt Information Sciences, Inc. (b) 6,248 21,868 
WageWorks, Inc. (a)(b) 80,292 4,295,622 
Willdan Group, Inc. (a)(b) 10,974 344,254 
  285,314,923 
Road & Rail - 1.0%   
AMERCO 13,656 5,119,498 
ArcBest Corp. 51,704 2,486,962 
Avis Budget Group, Inc. (b) 136,725 4,253,515 
Covenant Transport Group, Inc. Class A (b) 19,818 591,964 
CSX Corp. 1,690,565 125,372,300 
Daseke, Inc. (b) 99,388 893,498 
Genesee & Wyoming, Inc. Class A (b) 114,611 10,073,161 
Heartland Express, Inc. 106,928 2,186,678 
J.B. Hunt Transport Services, Inc. 163,958 19,797,929 
Kansas City Southern 196,910 22,833,684 
Knight-Swift Transportation Holdings, Inc. Class A 245,159 8,367,277 
Landstar System, Inc. 82,670 9,573,186 
Marten Transport Ltd. 73,518 1,621,072 
Norfolk Southern Corp. 547,449 95,168,534 
Old Dominion Freight Lines, Inc. 133,852 20,399,045 
P.A.M. Transportation Services, Inc. (b) 3,193 186,056 
Patriot Transportation Holding, Inc. (b) 1,280 25,971 
Roadrunner Transportation Systems, Inc. (b) 43,638 56,729 
Ryder System, Inc. 101,736 7,817,394 
Saia, Inc. (b) 54,211 4,296,222 
Schneider National, Inc. Class B 73,442 1,986,606 
U.S.A. Truck, Inc. (b) 13,000 284,830 
Union Pacific Corp. 1,498,104 225,644,424 
Universal Logistics Holdings, Inc. 19,202 702,793 
Werner Enterprises, Inc. (a) 93,918 3,479,662 
YRC Worldwide, Inc. (b) 47,961 458,987 
  573,677,977 
Trading Companies & Distributors - 0.4%   
AeroCentury Corp. (b) 688 11,799 
Air Lease Corp. Class A 196,588 9,084,331 
Aircastle Ltd. 114,719 2,399,921 
Applied Industrial Technologies, Inc. 73,619 5,672,344 
Beacon Roofing Supply, Inc. (b) 133,931 4,966,161 
BlueLinx Corp. (a)(b) 15,461 555,514 
BMC Stock Holdings, Inc. (b) 114,770 2,582,325 
CAI International, Inc. (b) 29,270 789,997 
DXP Enterprises, Inc. (b) 35,307 1,620,238 
EnviroStar, Inc. 2,922 138,065 
Fastenal Co. 550,441 32,123,737 
GATX Corp. 72,462 6,119,416 
General Finance Corp. (b) 24,408 333,169 
H&E Equipment Services, Inc. 57,616 2,005,613 
HD Supply Holdings, Inc. (b) 361,647 16,487,487 
Herc Holdings, Inc. (b) 53,715 2,824,335 
Houston Wire & Cable Co. (b) 17,990 147,518 
Huttig Building Products, Inc. (a)(b) 22,831 118,265 
Kaman Corp. 55,700 3,632,197 
Lawson Products, Inc. (b) 6,300 212,310 
MRC Global, Inc. (b) 173,407 3,573,918 
MSC Industrial Direct Co., Inc. Class A 88,439 7,559,766 
Nexeo Solutions, Inc. (b) 103,751 1,038,548 
Now, Inc. (a)(b) 223,998 3,850,526 
Rush Enterprises, Inc. Class A 66,284 2,847,561 
SiteOne Landscape Supply, Inc. (a)(b) 75,950 6,863,602 
Systemax, Inc. 25,488 930,312 
Titan Machinery, Inc. (b) 39,035 704,972 
Transcat, Inc. (b) 1,764 42,953 
Triton International Ltd. 90,645 3,424,568 
United Rentals, Inc. (b) 161,067 25,105,513 
Univar, Inc. (b) 216,684 6,028,149 
Veritiv Corp. (b) 20,555 981,501 
W.W. Grainger, Inc. 99,004 35,054,346 
Watsco, Inc. 63,561 11,122,539 
WESCO International, Inc. (b) 89,453 5,470,051 
Willis Lease Finance Corp. (b) 3,680 126,150 
  206,549,717 
Transportation Infrastructure - 0.0%   
Macquarie Infrastructure Co. LLC 155,741 7,326,057 
TOTAL INDUSTRIALS  5,958,058,160 
INFORMATION TECHNOLOGY - 25.3%   
Communications Equipment - 1.2%   
ADTRAN, Inc. 98,876 1,700,667 
Aerohive Networks, Inc. (b) 130,171 549,322 
Applied Optoelectronics, Inc. (a)(b) 37,490 1,550,586 
Arista Networks, Inc. (b) 92,276 27,588,678 
Arris International PLC (b) 342,940 8,885,575 
Aviat Networks, Inc. (b) 5,550 98,790 
Bank Technologies, Inc. 9,436 35,857 
Black Box Corp. (a)(b) 16,753 20,941 
Blonder Tongue Laboratories, Inc. (a)(b) 3,352 4,525 
CalAmp Corp. (b) 63,415 1,490,253 
Calix Networks, Inc. (b) 78,308 610,802 
Carvana Co. Class A (a)(b) 64,380 4,167,961 
Ciena Corp. (b) 279,723 8,833,652 
Cisco Systems, Inc. 9,094,558 434,447,036 
Clearfield, Inc. (a)(b) 16,017 218,632 
CommScope Holding Co., Inc. (b) 384,070 12,171,178 
Communications Systems, Inc. 4,311 14,744 
Comtech Telecommunications Corp. 47,745 1,711,658 
Dasan Zhone Solutions, Inc. (b) 1,172 12,704 
Digi International, Inc. (b) 40,102 539,372 
EchoStar Holding Corp. Class A (b) 101,657 4,879,536 
EMCORE Corp. (b) 50,451 244,687 
Extreme Networks, Inc. (b) 245,320 1,538,156 
F5 Networks, Inc. (b) 116,728 22,075,599 
Finisar Corp. (a)(b) 225,637 4,602,995 
Harmonic, Inc. (b) 151,876 827,724 
Infinera Corp. (b) 292,195 2,615,145 
InterDigital, Inc. 69,625 5,751,025 
Juniper Networks, Inc. 666,051 18,935,830 
KVH Industries, Inc. (b) 23,641 294,330 
Lantronix, Inc. (b) 71 378 
Lumentum Holdings, Inc. (a)(b) 121,030 8,217,937 
Motorola Solutions, Inc. 316,034 40,566,124 
NETGEAR, Inc. (b) 61,250 4,339,563 
NetScout Systems, Inc. (a)(b) 166,854 4,171,350 
Network-1 Security Solutions, Inc. 21,477 62,283 
Oclaro, Inc. (b) 327,153 3,121,040 
Optical Cable Corp. (b) 564 2,171 
Palo Alto Networks, Inc. (b) 177,269 40,975,729 
PC-Tel, Inc. 11,999 52,076 
Plantronics, Inc. 61,152 4,110,637 
Quantenna Communications, Inc. (b) 45,324 828,069 
Resonant, Inc. (a)(b) 33,716 179,032 
Sonus Networks, Inc. (b) 96,218 665,829 
Tessco Technologies, Inc. 8,837 157,740 
Ubiquiti Networks, Inc. (a) 44,626 4,003,398 
ViaSat, Inc. (a)(b) 110,840 6,962,969 
Viavi Solutions, Inc. (b) 430,589 4,822,597 
Westell Technologies, Inc. Class A (b) 18,994 54,513 
  689,711,395 
Electronic Equipment & Components - 0.9%   
ADT, Inc. (a) 248,071 2,220,235 
Akoustis Technologies, Inc. (a)(b) 16,654 138,894 
Amphenol Corp. Class A 579,462 54,805,516 
Anixter International, Inc. (b) 56,429 4,068,531 
Applied DNA Sciences, Inc. (a)(b) 18,968 23,141 
Arrow Electronics, Inc. (b) 170,045 13,183,589 
Avnet, Inc. 233,063 11,280,249 
AVX Corp. 141,087 2,983,990 
Badger Meter, Inc. 71,423 3,924,694 
Bel Fuse, Inc. Class B (non-vtg.) 13,939 399,352 
Belden, Inc. (a) 76,472 5,561,044 
Benchmark Electronics, Inc. 106,802 2,760,832 
Cardtronics PLC (b) 88,314 3,098,938 
Casa Systems, Inc. (a)(b) 32,499 477,410 
CDW Corp. 293,645 25,711,556 
ClearSign Combustion Corp. (a)(b) 37,840 77,572 
Cognex Corp. 334,381 17,989,698 
Coherent, Inc. (b) 47,244 9,004,706 
Control4 Corp. (b) 35,202 1,140,897 
Corning, Inc. 1,602,127 53,687,276 
CTS Corp. 68,145 2,517,958 
CUI Global, Inc. (b) 26,608 60,134 
Daktronics, Inc. 62,775 509,105 
Dell Technologies, Inc. (b) 384,908 37,016,602 
Dolby Laboratories, Inc. Class A 126,838 8,902,759 
DPW Holdings, Inc. (a)(b) 36,717 17,995 
Echelon Corp. (b) 3,219 27,201 
Electro Scientific Industries, Inc. (a)(b) 77,933 1,710,629 
eMagin Corp. (a)(b) 5,084 7,372 
ePlus, Inc. (b) 25,477 2,640,691 
Fabrinet 71,377 3,416,817 
FARO Technologies, Inc. (b) 33,227 2,266,081 
Fitbit, Inc. (a)(b) 329,669 1,984,607 
FLIR Systems, Inc. 264,525 16,596,299 
Frequency Electronics, Inc. (b) 2,550 21,165 
I. D. Systems Inc. (b) 6,071 39,097 
Identiv, Inc. (b) 13,618 82,661 
IEC Electronics Corp. (b) 4,622 25,375 
II-VI, Inc. (a)(b) 108,470 5,396,383 
Insight Enterprises, Inc. (b) 74,803 4,124,637 
Intellicheck, Inc. (b) 545 1,183 
IPG Photonics Corp. (b) 71,680 12,578,406 
Iteris, Inc. (b) 32,677 168,287 
Itron, Inc. (b) 68,955 4,578,612 
Jabil, Inc. 329,280 9,733,517 
KEMET Corp. (b) 90,175 2,330,122 
KEY Tronic Corp. (b) 6,483 51,864 
Keysight Technologies, Inc. (b) 362,522 23,524,053 
Kimball Electronics, Inc. (b) 32,297 639,481 
Knowles Corp. (b) 178,238 3,231,455 
LightPath Technologies, Inc. Class A (b) 376 805 
Littelfuse, Inc. 48,352 10,809,573 
LRAD Corp. (b) 56,581 172,006 
Luna Innovations, Inc. (b) 1,444 5,372 
Maxwell Technologies, Inc. (a)(b) 69,108 246,716 
Mesa Laboratories, Inc. 6,988 1,402,841 
Methode Electronics, Inc. Class A 72,142 2,860,430 
MicroVision, Inc. (a)(b) 117,860 126,110 
MTS Systems Corp. 33,405 1,807,211 
Napco Security Technolgies, Inc. (b) 19,961 301,411 
National Instruments Corp. 222,128 10,606,612 
Neonode, Inc. (a)(b) 33,197 10,125 
NetList, Inc. (a)(b) 104,599 12,207 
Novanta, Inc. (b) 62,772 4,808,335 
OSI Systems, Inc. (b) 33,928 2,642,652 
Par Technology Corp. (b) 16,979 436,021 
Park Electrochemical Corp. 39,479 844,061 
PC Connection, Inc. 26,383 1,047,405 
PC Mall, Inc. (b) 13,245 301,986 
Perceptron, Inc. (b) 13,154 142,326 
Plexus Corp. (b) 72,969 4,618,208 
RadiSys Corp. (b) 34,231 54,427 
Research Frontiers, Inc. (a)(b) 16,855 19,383 
RF Industries Ltd. 10,801 127,452 
Richardson Electronics Ltd. 23,707 214,074 
Rogers Corp. (b) 37,812 5,220,703 
Sanmina Corp. (b) 138,110 4,253,788 
ScanSource, Inc. (b) 47,085 1,914,005 
SYNNEX Corp. 54,859 5,319,677 
TE Connectivity Ltd. 675,804 61,957,711 
Tech Data Corp. (b) 69,796 5,077,659 
Trimble, Inc. (b) 484,457 20,395,640 
TTM Technologies, Inc. (a)(b) 178,081 3,330,115 
Vishay Intertechnology, Inc. 264,352 6,291,578 
Vishay Precision Group, Inc. (b) 24,989 1,082,024 
Wayside Technology Group, Inc. 1,232 14,784 
Wireless Telecom Group, Inc. (b) 11,200 21,280 
Zebra Technologies Corp. Class A (b) 102,395 17,585,317 
  532,820,698 
Internet Software & Services - 4.7%   
2U, Inc. (a)(b) 111,967 10,005,371 
Akamai Technologies, Inc. (b) 326,630 24,542,978 
Alarm.com Holdings, Inc. (a)(b) 54,404 3,062,401 
Alphabet, Inc.:   
Class A (b) 572,930 705,735,174 
Class C (b) 592,503 721,781,230 
Amber Road, Inc. (b) 55,819 487,300 
ANGI Homeservices, Inc. Class A (a)(b) 114,757 2,485,637 
AppFolio, Inc. (b) 24,746 2,113,308 
Apptio, Inc. Class A (b) 64,694 2,510,127 
Autoweb, Inc. (b) 9,434 32,642 
Benefitfocus, Inc. (a)(b) 50,661 2,234,150 
BlackLine, Inc. (b) 72,946 3,848,631 
Box, Inc. Class A (b) 239,503 5,882,194 
Brightcove, Inc. (b) 59,246 485,817 
BroadVision, Inc. (b) 490 882 
Carbonite, Inc. (b) 65,049 2,702,786 
Care.com, Inc. (b) 25,585 497,117 
CarGurus, Inc. Class A (a) 26,157 1,290,063 
ChannelAdvisor Corp. (b) 44,036 574,670 
Cision Ltd. (b) 115,349 2,088,970 
Cloudera, Inc. (b) 163,925 2,460,514 
Cornerstone OnDemand, Inc. (b) 104,237 5,895,645 
Coupa Software, Inc. (b) 54,059 3,876,571 
Determine, Inc. (b) 552 450 
DHI Group, Inc. (b) 141,360 303,924 
DocuSign, Inc. (a) 43,593 2,721,947 
Dropbox, Inc. Class A (a)(b) 90,419 2,427,750 
eBay, Inc. (b) 1,793,865 62,085,668 
eGain Communications Corp. (b) 36,778 525,925 
Endurance International Group Holdings, Inc. (b) 144,299 1,392,485 
Envestnet, Inc. (b) 94,260 5,957,232 
Etsy, Inc. (b) 212,798 10,361,135 
Facebook, Inc. Class A (b) 4,643,624 816,024,046 
Five9, Inc. (b) 103,789 4,987,061 
Fusion Connect, Inc. (a)(b) 36,836 136,293 
GlowPoint, Inc. (b) 18,770 3,322 
GoDaddy, Inc. (b) 320,456 26,104,346 
Gogo, Inc. (a)(b) 109,584 492,032 
GrubHub, Inc. (a)(b) 172,597 24,872,954 
GTT Communications, Inc. (a)(b) 72,527 3,122,287 
Hortonworks, Inc. (b) 136,805 3,053,488 
IAC/InterActiveCorp (b) 149,632 29,507,430 
Instructure, Inc. (b) 66,082 2,706,058 
Internap Network Services Corp. (b) 24,920 334,426 
Inuvo, Inc. (b) 9,640 6,170 
iPass, Inc. (a)(b) 3,366 6,732 
j2 Global, Inc. 91,978 7,594,623 
Leaf Group Ltd. (b) 21,524 237,840 
Limelight Networks, Inc. (b) 254,165 1,288,617 
Liquidity Services, Inc. (b) 37,923 273,046 
LivePerson, Inc. (b) 121,653 3,272,466 
LogMeIn, Inc. 98,288 8,447,854 
Marchex, Inc. Class B 28,685 82,613 
Marin Software, Inc. (a)(b) 1,425 4,774 
Match Group, Inc. (a)(b) 124,151 6,213,758 
MeetMe, Inc. (b) 126,880 647,088 
MINDBODY, Inc. (a)(b) 64,397 2,389,129 
MongoDB, Inc. Class A (a) 49,623 3,570,871 
New Relic, Inc. (b) 84,195 8,651,878 
Nutanix, Inc. Class A (b) 135,969 7,657,774 
Okta, Inc. (b) 141,250 8,733,488 
Pandora Media, Inc. (a)(b) 482,271 4,456,184 
Q2 Holdings, Inc. (b) 67,613 4,212,290 
QuinStreet, Inc. (b) 78,551 1,191,619 
Qumu Corp. (b) 6,017 14,621 
Quotient Technology, Inc. (b) 150,934 2,256,463 
Remark Holdings, Inc. (a)(b) 33,979 119,606 
SecureWorks Corp. (a)(b) 18,872 251,186 
ShotSpotter, Inc. (a)(b) 8,210 468,298 
Shutterstock, Inc. 36,454 2,006,428 
SPS Commerce, Inc. (b) 36,537 3,590,491 
Stamps.com, Inc. (b) 32,276 8,018,972 
Support.com, Inc. (b) 39,218 108,242 
Synacor, Inc. (b) 20,037 38,571 
TechTarget, Inc. (b) 34,602 830,102 
Telaria, Inc. (b) 40,833 167,824 
The Trade Desk, Inc. (a)(b) 44,565 6,322,882 
Travelzoo, Inc. (b) 5,383 66,749 
TrueCar, Inc. (a)(b) 174,422 2,243,067 
Twilio, Inc. Class A (b) 148,233 11,956,474 
Twitter, Inc. (b) 1,262,666 44,420,590 
VeriSign, Inc. (b) 187,785 29,784,579 
Veritone, Inc. (b) 20,237 211,274 
Web.com Group, Inc. (b) 88,964 2,486,544 
XO Group, Inc. (b) 59,336 1,783,640 
Yelp, Inc. (b) 147,397 6,945,347 
Yext, Inc. (a)(b) 125,704 3,125,001 
Zillow Group, Inc.:   
Class A (b) 91,547 4,403,411 
Class C (a)(b) 229,161 11,148,683 
  2,713,422,296 
IT Services - 4.4%   
Accenture PLC Class A 1,243,715 210,274,895 
Acxiom Corp. (b) 148,845 6,800,728 
Alliance Data Systems Corp. 93,145 22,222,534 
Automatic Data Processing, Inc. 851,797 125,001,210 
Booz Allen Hamilton Holding Corp. Class A 279,997 14,324,647 
Broadridge Financial Solutions, Inc. 225,825 30,517,991 
CACI International, Inc. Class A (b) 49,436 9,640,020 
Cass Information Systems, Inc. 18,117 1,295,909 
Cognizant Technology Solutions Corp. Class A 1,135,612 89,066,049 
Computer Task Group, Inc. (b) 11,646 68,013 
Conduent, Inc. (b) 388,026 8,994,443 
Convergys Corp. 187,983 4,648,820 
CoreLogic, Inc. (b) 158,956 8,081,323 
CSG Systems International, Inc. 69,253 2,586,600 
CSP, Inc. 3,696 48,898 
DXC Technology Co. 548,783 49,988,643 
Edgewater Technology, Inc. (b) 2,875 13,656 
EPAM Systems, Inc. (b) 99,263 14,187,661 
Euronet Worldwide, Inc. (b) 99,267 9,708,313 
Everi Holdings, Inc. (b) 133,235 1,155,147 
EVERTEC, Inc. 119,642 2,877,390 
ExlService Holdings, Inc. (b) 67,145 4,302,652 
Fidelity National Information Services, Inc. 643,459 69,602,960 
First Data Corp. Class A (b) 1,073,625 27,613,635 
Fiserv, Inc. (b) 793,220 63,513,125 
FleetCor Technologies, Inc. (b) 171,972 36,757,295 
Gartner, Inc. (a)(b) 176,404 26,418,263 
Genpact Ltd. 302,672 9,273,870 
Global Payments, Inc. 307,486 38,306,606 
Hackett Group, Inc. 51,835 1,061,062 
IBM Corp. 1,653,732 242,238,663 
Information Services Group, Inc. (b) 18,000 89,100 
Innodata, Inc. (b) 14,010 20,315 
Jack Henry & Associates, Inc. 152,467 24,156,871 
Leidos Holdings, Inc. 274,684 19,439,387 
ManTech International Corp. Class A 56,813 3,767,838 
MasterCard, Inc. Class A 1,774,601 382,532,992 
Maximus, Inc. 130,433 8,673,795 
ModusLink Global Solutions, Inc. (b) 31,030 67,956 
MoneyGram International, Inc. (b) 66,937 435,760 
NIC, Inc. 134,488 2,259,398 
Paychex, Inc. 615,344 45,073,948 
PayPal Holdings, Inc. (b) 2,157,400 199,192,742 
Perficient, Inc. (b) 66,954 1,923,588 
Perspecta, Inc. 269,702 6,273,269 
PFSweb, Inc. (b) 26,075 224,506 
Presidio, Inc. (a) 95,619 1,445,759 
PRG-Schultz International, Inc. (b) 36,569 349,234 
Sabre Corp. 484,272 12,644,342 
Science Applications International Corp. 82,023 7,400,115 
ServiceSource International, Inc. (b) 116,353 371,166 
Square, Inc. (b) 558,892 49,540,187 
StarTek, Inc. (a)(b) 15,709 95,197 
Sykes Enterprises, Inc. (b) 77,094 2,331,323 
Syntel, Inc. (b) 71,654 2,919,184 
Teradata Corp. (b) 229,463 9,515,831 
The Western Union Co. 887,614 16,793,657 
Total System Services, Inc. 319,353 31,021,950 
Travelport Worldwide Ltd. 241,707 4,488,499 
Ttec Holdings, Inc. 33,151 868,556 
Unisys Corp. (a)(b) 94,015 1,748,679 
Virtusa Corp. (b) 54,223 3,159,032 
Visa, Inc. Class A 3,452,122 507,082,201 
WEX, Inc. (b) 76,928 14,633,244 
WidePoint Corp. (b) 71,654 36,902 
Worldpay, Inc. (b) 573,890 55,891,147 
  2,547,058,691 
Semiconductors & Semiconductor Equipment - 3.7%   
Acacia Communications, Inc. (a)(b) 39,295 1,602,057 
Adesto Technologies Corp. (a)(b) 45,484 275,178 
Advanced Energy Industries, Inc. (b) 78,974 4,705,271 
Advanced Micro Devices, Inc. (a)(b) 1,592,826 40,091,430 
AEHR Test Systems (b) 18,931 47,895 
Alpha & Omega Semiconductor Ltd. (b) 39,883 566,737 
Amkor Technology, Inc. (b) 266,466 2,326,248 
Amtech Systems, Inc. (b) 13,719 75,317 
Analog Devices, Inc. 713,961 70,575,045 
Applied Materials, Inc. 1,942,854 83,581,579 
Aquantia Corp. (b) 25,937 327,844 
Axcelis Technologies, Inc. (b) 55,214 1,115,323 
AXT, Inc. (a)(b) 68,422 540,534 
Broadcom, Inc. 777,449 170,284,654 
Brooks Automation, Inc. 142,458 5,614,270 
Cabot Microelectronics Corp. 49,260 5,553,080 
Ceva, Inc. (b) 44,635 1,365,831 
Cirrus Logic, Inc. (b) 115,056 5,056,711 
Cohu, Inc. 72,404 1,910,018 
Cree, Inc. (a)(b) 190,377 9,159,037 
CVD Equipment Corp. (a)(b) 24,298 156,722 
CyberOptics Corp. (b) 9,251 206,297 
Cypress Semiconductor Corp. 702,153 12,084,053 
Diodes, Inc. (b) 80,058 3,035,799 
DSP Group, Inc. (b) 64,723 831,691 
Entegris, Inc. 292,500 9,915,750 
First Solar, Inc. (b) 156,704 8,161,144 
FormFactor, Inc. (b) 153,604 2,373,182 
GSI Technology, Inc. (b) 18,344 128,591 
Ichor Holdings Ltd. (a)(b) 54,823 1,421,560 
Impinj, Inc. (a)(b) 40,581 871,680 
Inphi Corp. (a)(b) 81,649 3,026,728 
Integrated Device Technology, Inc. (b) 253,049 10,752,052 
Intel Corp. 9,020,847 436,879,620 
Intermolecular, Inc. (b) 6,975 9,416 
Intest Corp. (b) 2,175 19,031 
KLA-Tencor Corp. 301,014 34,980,837 
Kopin Corp. (a)(b) 88,411 205,114 
Kulicke & Soffa Industries, Inc. 141,853 3,658,389 
Lam Research Corp. (a) 315,956 54,688,824 
Lattice Semiconductor Corp. (b) 269,339 2,205,886 
MACOM Technology Solutions Holdings, Inc. (a)(b) 79,684 1,836,716 
Marvell Technology Group Ltd. 1,120,454 23,170,989 
Maxim Integrated Products, Inc. 536,291 32,429,517 
MaxLinear, Inc. Class A (b) 115,923 2,234,995 
Microchip Technology, Inc. (a) 452,919 38,964,622 
Micron Technology, Inc. (b) 2,240,035 117,646,638 
MKS Instruments, Inc. 107,238 9,962,410 
Monolithic Power Systems, Inc. 76,797 11,509,566 
MoSys, Inc. (a)(b) 6,042 5,075 
Nanometrics, Inc. (b) 47,602 2,085,444 
NeoPhotonics Corp. (a)(b) 75,400 662,766 
NVE Corp. 8,841 1,005,045 
NVIDIA Corp. 1,174,599 329,686,447 
ON Semiconductor Corp. (b) 814,755 17,386,872 
PDF Solutions, Inc. (a)(b) 47,788 416,711 
Photronics, Inc. (b) 134,263 1,436,614 
Pixelworks, Inc. (b) 39,177 215,865 
Power Integrations, Inc. 60,434 4,432,834 
Qorvo, Inc. (b) 246,045 19,705,744 
Qualcomm, Inc. 2,868,007 197,060,761 
QuickLogic Corp. (b) 142,208 155,007 
Rambus, Inc. (b) 201,505 2,462,391 
Rubicon Technology, Inc. (a)(b) 2,504 22,887 
Rudolph Technologies, Inc. (b) 69,669 1,936,798 
Semtech Corp. (b) 131,349 7,848,103 
Silicon Laboratories, Inc. (b) 83,053 8,139,194 
Skyworks Solutions, Inc. 352,497 32,182,976 
SMART Global Holdings, Inc. (a)(b) 13,359 440,713 
SolarEdge Technologies, Inc. (a)(b) 72,575 3,479,971 
SunPower Corp. (a)(b) 126,150 847,728 
Synaptics, Inc. (a)(b) 66,113 3,190,613 
Teradyne, Inc. 368,760 15,189,224 
Texas Instruments, Inc. 1,891,141 212,564,248 
Ultra Clean Holdings, Inc. (b) 73,387 1,119,886 
Universal Display Corp. 81,004 9,914,890 
Veeco Instruments, Inc. (b) 86,705 1,040,460 
Versum Materials, Inc. 215,014 8,555,407 
Xcerra Corp. (b) 98,441 1,425,426 
Xilinx, Inc. 492,485 38,330,108 
Xperi Corp. 106,934 1,678,864 
  2,152,766,950 
Software - 6.2%   
8x8, Inc. (b) 182,283 4,137,824 
A10 Networks, Inc. (b) 73,118 509,632 
ACI Worldwide, Inc. (b) 221,607 6,295,855 
Activision Blizzard, Inc. 1,476,345 106,444,475 
Adobe Systems, Inc. (b) 951,220 250,655,982 
Agilysys, Inc. (b) 38,149 613,054 
Altair Engineering, Inc. Class A (b) 55,360 2,312,387 
American Software, Inc. Class A 55,166 991,885 
ANSYS, Inc. (b) 160,570 29,862,809 
Appian Corp. Class A (a)(b) 28,310 988,868 
Aspen Technology, Inc. (b) 138,035 15,923,718 
Asure Software, Inc. (a)(b) 21,771 327,218 
Autodesk, Inc. (b) 424,479 65,518,334 
Avaya Holdings Corp. (a)(b) 205,720 4,805,619 
Black Knight, Inc. (b) 277,685 14,828,379 
Blackbaud, Inc. 92,635 9,686,842 
Bottomline Technologies, Inc. (b) 77,450 5,109,377 
BSQUARE Corp. (b) 11,182 25,719 
CA Technologies, Inc. 596,078 26,108,216 
Cadence Design Systems, Inc. (b) 550,839 25,911,467 
Cardlytics, Inc. (b) 6,642 135,430 
CDK Global, Inc. 240,055 14,960,228 
Ceridian HCM Holding, Inc. (a) 51,932 1,999,382 
Citrix Systems, Inc. (b) 244,801 27,912,210 
CommVault Systems, Inc. (b) 82,577 5,751,488 
Datawatch Corp. (b) 9,730 124,058 
Digimarc Corp. (a)(b) 18,523 547,355 
Digital Turbine, Inc. (a)(b) 70,030 98,042 
Ebix, Inc. 42,676 3,399,143 
Electronic Arts, Inc. (b) 590,942 67,018,732 
Ellie Mae, Inc. (a)(b) 64,487 6,794,995 
Everbridge, Inc. (a)(b) 38,591 2,323,564 
Evolving Systems, Inc. (b) 4,973 11,314 
Fair Isaac Corp. (b) 56,483 13,046,443 
FireEye, Inc. (a)(b) 363,888 6,040,541 
Forescout Technologies, Inc. (b) 43,159 1,556,745 
Fortinet, Inc. (b) 278,231 23,304,629 
Glu Mobile, Inc. (b) 218,018 1,678,739 
GSE Systems, Inc. (b) 388 1,300 
Guidewire Software, Inc. (b) 152,826 15,369,711 
HubSpot, Inc. (b) 68,398 9,828,793 
Imperva, Inc. (b) 59,629 2,811,507 
Inseego Corp. (a)(b) 63,245 197,957 
Intuit, Inc. 471,413 103,461,011 
Manhattan Associates, Inc. (a)(b) 127,067 7,368,615 
Microsoft Corp. 14,869,167 1,670,253,529 
MicroStrategy, Inc. Class A (b) 21,282 3,171,018 
Mitek Systems, Inc. (b) 57,485 416,766 
MobileIron, Inc. (b) 99,040 485,296 
Model N, Inc. (b) 64,636 1,098,812 
Monotype Imaging Holdings, Inc. 83,936 1,729,082 
NetSol Technologies, Inc. (b) 10,165 59,974 
Nuance Communications, Inc. (b) 537,866 8,777,973 
NXT-ID, Inc. (a)(b) 33,283 56,914 
Onespan, Inc. (b) 63,694 1,194,263 
Oracle Corp. 5,764,947 280,061,125 
Parametric Technology Corp. (b) 224,773 22,463,814 
Park City Group, Inc. (a)(b) 18,083 152,801 
Paycom Software, Inc. (a)(b) 94,455 14,651,860 
Paylocity Holding Corp. (b) 55,889 4,439,822 
Pegasystems, Inc. 69,658 4,437,215 
Pivotal Software, Inc. (a) 79,408 2,203,572 
Pluralsight, Inc. (a) 49,679 1,697,531 
Progress Software Corp. 91,795 3,757,169 
Proofpoint, Inc. (b) 99,373 11,790,606 
PROS Holdings, Inc. (a)(b) 75,391 2,780,420 
QAD, Inc.:   
Class A 14,722 892,889 
Class B 4,298 203,940 
Qualys, Inc. (b) 66,160 6,023,868 
Rapid7, Inc. (b) 86,538 3,301,425 
RealNetworks, Inc. (b) 28,670 91,744 
RealPage, Inc. (b) 136,146 8,495,510 
Red Hat, Inc. (b) 340,018 50,230,859 
Red Violet, Inc. (b) 9,876 76,539 
RingCentral, Inc. (b) 129,020 12,018,213 
Rosetta Stone, Inc. (b) 22,826 360,651 
SailPoint Technologies Holding, Inc. (b) 124,457 3,849,455 
Salesforce.com, Inc. (b) 1,363,125 208,121,925 
SeaChange International, Inc. (b) 36,866 60,829 
SendGrid, Inc. (b) 25,907 939,647 
ServiceNow, Inc. (b) 341,271 67,011,974 
SITO Mobile Ltd. (a)(b) 17,979 35,778 
Smartsheet, Inc. 37,005 1,100,159 
Smith Micro Software, Inc. (a)(b) 10,363 25,700 
Snap, Inc. Class A (a)(b) 491,455 5,356,860 
Sonic Foundry, Inc. (b) 155 268 
Splunk, Inc. (b) 281,082 36,020,658 
SS&C Technologies Holdings, Inc. 400,275 23,752,319 
Symantec Corp. 1,194,934 24,089,869 
Synopsys, Inc. (b) 291,260 29,749,296 
Tableau Software, Inc. (b) 133,932 14,981,634 
Take-Two Interactive Software, Inc. (b) 219,196 29,275,818 
TeleNav, Inc. (b) 46,856 262,394 
The Rubicon Project, Inc. (b) 59,339 236,169 
TiVo Corp. 242,388 3,308,596 
Tyler Technologies, Inc. (b) 68,284 16,862,734 
Ultimate Software Group, Inc. (a)(b) 57,044 17,664,815 
Upland Software, Inc. (b) 28,805 1,072,122 
Varonis Systems, Inc. (b) 39,520 2,920,528 
Verint Systems, Inc. (b) 134,744 6,541,821 
VirnetX Holding Corp. (a)(b) 93,723 313,972 
VMware, Inc. Class A (a)(b) 135,112 20,707,265 
Workday, Inc. Class A (b) 281,065 43,435,785 
Workiva, Inc. (b) 48,113 1,772,964 
Zedge, Inc. (b) 14,921 43,719 
Zendesk, Inc. (b) 202,958 13,981,777 
Zix Corp. (b) 85,392 473,926 
Zscaler, Inc. (a)(b) 33,913 1,451,137 
Zuora, Inc. (a) 19,414 535,438 
Zynga, Inc. (b) 1,488,044 6,190,263 
  3,586,322,406 
Technology Hardware, Storage & Peripherals - 4.2%   
3D Systems Corp. (a)(b) 215,475 4,384,916 
Apple, Inc. 9,514,401 2,165,763,044 
Astro-Med, Inc. 5,753 127,429 
Avid Technology, Inc. (a)(b) 45,276 268,034 
CPI Card Group (a)(b) 4,456 14,081 
Cray, Inc. (b) 76,017 1,649,569 
Diebold Nixdorf, Inc. (a) 147,998 702,991 
Eastman Kodak Co. (a)(b) 71,591 232,671 
Electronics for Imaging, Inc. (a)(b) 100,401 3,492,951 
Everspin Technologies, Inc. (a)(b) 9,978 92,297 
Hewlett Packard Enterprise Co. 2,949,075 48,748,210 
HP, Inc. 3,176,408 78,298,457 
Immersion Corp. (b) 59,681 693,493 
Intevac, Inc. (b) 29,097 168,035 
NCR Corp. (b) 227,035 6,450,064 
NetApp, Inc. 516,657 44,850,994 
Pure Storage, Inc. Class A (b) 227,458 6,104,973 
Quantum Corp. (b) 41,835 84,507 
Seagate Technology LLC 554,178 29,670,690 
Transact Technologies, Inc. 3,411 48,095 
U.S.A. Technologies, Inc. (b) 97,355 1,582,019 
Western Digital Corp. 577,716 36,534,760 
Xerox Corp. 410,942 11,448,844 
  2,441,411,124 
TOTAL INFORMATION TECHNOLOGY  14,663,513,560 
MATERIALS - 2.9%   
Chemicals - 1.9%   
A. Schulman, Inc. rights (b)(c) 54,023 103,184 
Advanced Emissions Solutions, Inc. (a) 57,241 653,692 
AdvanSix, Inc. (b) 59,098 1,999,876 
AgroFresh Solutions, Inc. (a)(b) 44,445 295,559 
Air Products & Chemicals, Inc. 426,009 70,841,037 
Albemarle Corp. U.S. (a) 212,999 20,345,664 
American Vanguard Corp. 48,089 1,053,149 
Ashland Global Holdings, Inc. 120,114 10,113,599 
Axalta Coating Systems Ltd. (b) 423,345 12,912,023 
Balchem Corp. 62,509 6,931,623 
Cabot Corp. 119,034 7,727,687 
Celanese Corp. Class A 260,448 30,428,140 
CF Industries Holdings, Inc. 453,042 23,535,532 
Chase Corp. 19,479 2,414,422 
Core Molding Technologies, Inc. 10,858 99,568 
DowDuPont, Inc. 4,491,856 315,013,861 
Eastman Chemical Co. 274,212 26,606,790 
Ecolab, Inc. 503,540 75,772,699 
Ferro Corp. (b) 172,952 3,796,296 
Flotek Industries, Inc. (a)(b) 98,612 245,544 
FMC Corp. 261,067 22,308,175 
FutureFuel Corp. 41,787 619,701 
H.B. Fuller Co. 95,568 5,446,420 
Hawkins, Inc. 15,709 648,782 
Huntsman Corp. 410,120 12,504,559 
Ingevity Corp. (b) 80,091 8,089,992 
Innophos Holdings, Inc. 39,088 1,708,536 
Innospec, Inc. 48,903 3,794,873 
International Flavors & Fragrances, Inc. 152,297 19,842,776 
Intrepid Potash, Inc. (b) 199,844 679,470 
KMG Chemicals, Inc. 25,301 1,960,321 
Koppers Holdings, Inc. (b) 39,973 1,417,043 
Kraton Performance Polymers, Inc. (b) 65,484 3,079,713 
Kronos Worldwide, Inc. 51,691 1,040,540 
LSB Industries, Inc. (a)(b) 28,693 250,203 
LyondellBasell Industries NV Class A 621,426 70,084,424 
Marrone Bio Innovations, Inc. (a)(b) 33,145 69,107 
Minerals Technologies, Inc. 69,103 4,640,266 
NewMarket Corp. 18,766 7,525,917 
Olin Corp. 322,690 9,916,264 
OMNOVA Solutions, Inc. (b) 81,034 733,358 
Platform Specialty Products Corp. (b) 401,657 5,325,972 
PolyOne Corp. 158,115 6,681,940 
PPG Industries, Inc. (a) 480,344 53,097,226 
PQ Group Holdings, Inc. 84,801 1,509,458 
Praxair, Inc. 557,621 88,210,066 
Quaker Chemical Corp. 25,955 4,675,534 
Rayonier Advanced Materials, Inc. 104,966 2,193,789 
RPM International, Inc. 260,660 17,594,550 
Senomyx, Inc. (b) 66,138 76,059 
Sensient Technologies Corp. 86,306 6,129,452 
Sherwin-Williams Co. 158,842 72,365,238 
Stepan Co. 39,421 3,516,747 
The Chemours Co. LLC 342,775 14,944,990 
The Mosaic Co. 670,129 20,954,934 
The Scotts Miracle-Gro Co. Class A 73,152 5,465,917 
Trecora Resources (b) 30,461 426,454 
Tredegar Corp. 71,882 1,577,810 
Trinseo SA 91,255 7,040,323 
Tronox Ltd. Class A 190,878 3,090,315 
Valhi, Inc. 49,033 161,809 
Valvoline, Inc. 376,388 8,099,870 
Venator Materials PLC 108,555 1,311,344 
W.R. Grace & Co. 125,990 8,902,453 
Westlake Chemical Corp. 68,037 6,434,259 
  1,127,036,894 
Construction Materials - 0.1%   
Eagle Materials, Inc. 90,055 8,314,778 
Forterra, Inc. (a)(b) 32,917 278,478 
Foundation Building Materials, Inc. (b) 21,184 292,551 
Martin Marietta Materials, Inc. 122,228 24,289,148 
nVent Electric PLC 322,756 9,066,216 
Summit Materials, Inc. 222,652 4,735,808 
U.S. Concrete, Inc. (a)(b) 33,299 1,605,012 
United States Lime & Minerals, Inc. 4,018 304,926 
Vulcan Materials Co. 255,252 28,281,922 
  77,168,839 
Containers & Packaging - 0.4%   
Aptargroup, Inc. 123,061 12,885,717 
Avery Dennison Corp. 168,996 17,774,999 
Ball Corp. 674,885 28,264,184 
Bemis Co., Inc. 175,245 8,636,074 
Berry Global Group, Inc. (b) 250,616 11,961,902 
Crown Holdings, Inc. (a)(b) 255,363 10,932,090 
Graphic Packaging Holding Co. 589,083 8,376,760 
Greif, Inc. Class A 57,489 3,172,243 
International Paper Co. 798,758 40,848,484 
Myers Industries, Inc. 56,968 1,267,538 
Owens-Illinois, Inc. (b) 328,894 5,811,557 
Packaging Corp. of America 184,462 20,276,063 
Sealed Air Corp. 304,706 12,221,758 
Silgan Holdings, Inc. 162,095 4,417,089 
Sonoco Products Co. 192,348 10,779,182 
UFP Technologies, Inc. (b) 14,187 500,092 
WestRock Co. 494,382 27,230,561 
  225,356,293 
Metals & Mining - 0.4%   
AK Steel Holding Corp. (a)(b) 633,642 2,813,370 
Alcoa Corp. (b) 330,923 14,782,330 
Allegheny Technologies, Inc. (a)(b) 249,053 6,731,903 
Ampco-Pittsburgh Corp. (b) 10,414 78,626 
Atkore International Group, Inc. (b) 83,406 2,283,656 
Carpenter Technology Corp. 89,534 5,342,494 
Century Aluminum Co. (a)(b) 91,405 1,153,531 
Cleveland-Cliffs, Inc. (b) 584,517 5,874,396 
Coeur d'Alene Mines Corp. (b) 353,050 2,005,324 
Commercial Metals Co. 230,409 4,976,834 
Compass Minerals International, Inc. 67,713 4,235,448 
Comstock Mining, Inc. (a)(b) 11,344 1,985 
Freeport-McMoRan, Inc. 2,600,390 36,535,480 
Friedman Industries 2,001 20,670 
General Moly, Inc. (b) 60,513 23,600 
Gold Resource Corp. 109,163 563,281 
Golden Minerals Co. (a)(b) 71,014 19,444 
Haynes International, Inc. 23,949 943,591 
Hecla Mining Co. 977,921 2,777,296 
Kaiser Aluminum Corp. 33,314 3,650,881 
Materion Corp. 39,771 2,537,390 
McEwen Mining, Inc. (a) 511,683 1,008,016 
Newmont Mining Corp. 1,038,266 32,217,394 
Nucor Corp. 614,951 38,434,438 
Olympic Steel, Inc. 12,703 279,974 
Paramount Gold Nevada Corp. (a)(b) 7,958 8,197 
Pershing Gold Corp. (b) 31,696 41,522 
Reliance Steel & Aluminum Co. 138,609 12,182,345 
Royal Gold, Inc. 127,141 9,695,773 
Ryerson Holding Corp. (b) 30,039 312,406 
Schnitzer Steel Industries, Inc. Class A 62,341 1,642,685 
Solitario Exploration & Royalty Corp. (b) 18,115 6,851 
Steel Dynamics, Inc. 449,332 20,547,952 
SunCoke Energy, Inc. (b) 119,717 1,336,042 
Synalloy Corp. (a) 9,739 223,510 
TimkenSteel Corp. (a)(b) 69,807 977,996 
U.S. Antimony Corp. (b) 24,962 14,977 
U.S. Gold Corp. 46 52 
United States Steel Corp. 343,724 10,201,728 
Universal Stainless & Alloy Products, Inc. (b) 13,897 420,801 
Warrior Metropolitan Coal, Inc. (a) 86,484 2,079,940 
Worthington Industries, Inc. 90,980 4,237,848 
  233,221,977 
Paper & Forest Products - 0.1%   
Boise Cascade Co. 74,391 3,250,887 
Clearwater Paper Corp. (b) 35,821 1,040,600 
Domtar Corp. 128,751 6,553,426 
Kapstone Paper & Packaging Corp. 170,425 5,854,099 
Louisiana-Pacific Corp. 275,889 8,044,923 
Mercer International, Inc. (SBI) 87,436 1,547,617 
Neenah, Inc. 34,858 3,180,793 
P.H. Glatfelter Co. 78,096 1,501,786 
Resolute Forest Products (b) 168,368 2,315,060 
Schweitzer-Mauduit International, Inc. 57,402 2,335,687 
Verso Corp. (b) 69,099 2,169,018 
  37,793,896 
TOTAL MATERIALS  1,700,577,899 
REAL ESTATE - 3.6%   
Equity Real Estate Investment Trusts (REITs) - 3.5%   
Acadia Realty Trust (SBI) 161,267 4,599,335 
Agree Realty Corp. 70,090 4,000,036 
Alexander & Baldwin, Inc. 155,313 3,645,196 
Alexanders, Inc. 7,463 2,693,621 
Alexandria Real Estate Equities, Inc. 194,551 24,970,621 
American Assets Trust, Inc. 89,595 3,539,003 
American Campus Communities, Inc. 265,755 11,143,107 
American Homes 4 Rent Class A 475,496 11,031,507 
American Tower Corp. 852,991 127,198,018 
Americold Realty Trust 115,807 2,883,594 
Apartment Investment & Management Co. Class A 313,759 13,742,644 
Apple Hospitality (REIT), Inc. 411,429 7,261,722 
Armada Hoffler Properties, Inc. 88,352 1,377,408 
Ashford Hospitality Trust, Inc. 184,946 1,200,300 
AvalonBay Communities, Inc. 264,965 48,565,435 
Bluerock Residential Growth (REIT), Inc. 90,320 893,265 
Boston Properties, Inc. 296,394 38,664,597 
Braemar Hotels & Resorts, Inc. 47,533 549,006 
Brandywine Realty Trust (SBI) 339,166 5,684,422 
Brixmor Property Group, Inc. 590,586 10,760,477 
BRT Realty Trust 189,164 2,434,541 
Camden Property Trust (SBI) 177,479 16,871,154 
CareTrust (REIT), Inc. 143,665 2,650,619 
CatchMark Timber Trust, Inc. 100,692 1,262,678 
CBL & Associates Properties, Inc. (a) 338,899 1,511,490 
Cedar Realty Trust, Inc. 134,023 599,083 
Chatham Lodging Trust 76,647 1,644,078 
Chesapeake Lodging Trust 114,633 3,772,572 
CIM Commercial Trust Corp. 6,057 94,489 
City Office REIT, Inc. 67,579 872,445 
Clipper Realty, Inc. 6,962 84,936 
Colony NorthStar, Inc. (a) 981,801 6,018,440 
Columbia Property Trust, Inc. 224,485 5,405,599 
Community Healthcare Trust, Inc. 41,798 1,296,992 
Condor Hospitality Trust, Inc. 108 1,129 
CorEnergy Infrastructure Trust, Inc. (a) 18,244 682,873 
CorePoint Lodging, Inc. (b) 70,925 1,478,786 
CoreSite Realty Corp. 69,249 8,065,431 
Corporate Office Properties Trust (SBI) 217,809 6,704,161 
Corrections Corp. of America 221,394 5,731,891 
Cousins Properties, Inc. 792,672 7,411,483 
Crown Castle International Corp. 801,649 91,412,035 
CubeSmart 366,464 11,195,475 
CyrusOne, Inc. 193,698 12,970,018 
DDR Corp. 292,764 4,095,768 
DiamondRock Hospitality Co. 396,647 4,743,898 
Digital Realty Trust, Inc. 400,800 49,811,424 
Douglas Emmett, Inc. 314,526 12,285,386 
Duke Realty Corp. 686,860 19,568,641 
Easterly Government Properties, Inc. 107,765 2,182,241 
EastGroup Properties, Inc. 63,814 6,207,188 
Education Realty Trust, Inc. 147,468 6,102,226 
Empire State Realty Trust, Inc. 295,222 5,192,955 
EPR Properties 130,186 9,136,453 
Equinix, Inc. 153,355 66,882,716 
Equity Commonwealth (b) 237,117 7,601,971 
Equity Lifestyle Properties, Inc. 174,997 16,953,709 
Equity Residential (SBI) 709,071 48,039,560 
Essex Property Trust, Inc. 126,754 31,216,975 
Extra Space Storage, Inc. 240,925 22,215,694 
Farmland Partners, Inc. (a) 105,443 744,428 
Federal Realty Investment Trust (SBI) 138,774 18,125,272 
First Industrial Realty Trust, Inc. 254,605 8,264,478 
Forest City Realty Trust, Inc. Class A 522,472 13,140,171 
Four Corners Property Trust, Inc. 120,965 3,258,797 
Franklin Street Properties Corp. 202,564 1,735,973 
Front Yard Residential Corp. Class B 111,755 1,365,646 
Gaming & Leisure Properties 386,459 13,831,368 
Getty Realty Corp. 62,136 1,808,779 
Gladstone Commercial Corp. 76,606 1,525,225 
Gladstone Land Corp. (a) 23,552 322,662 
Global Medical REIT, Inc. 12,930 123,740 
Global Net Lease, Inc. 130,726 2,835,447 
Government Properties Income Trust (a) 190,011 3,213,086 
Gramercy Property Trust 292,778 8,007,478 
HCP, Inc. 908,266 24,550,430 
Healthcare Realty Trust, Inc. 262,572 8,129,229 
Healthcare Trust of America, Inc. 387,197 11,062,218 
Hersha Hospitality Trust 71,283 1,682,279 
Highwoods Properties, Inc. (SBI) 185,987 9,250,993 
Hospitality Properties Trust (SBI) 312,543 9,060,622 
Host Hotels & Resorts, Inc. 1,420,155 30,575,937 
Hudson Pacific Properties, Inc. 313,901 10,622,410 
Independence Realty Trust, Inc. 140,119 1,447,429 
Industrial Logistics Properties Trust 67,268 1,619,141 
InfraReit, Inc. 82,809 1,729,880 
Investors Real Estate Trust 202,786 1,105,184 
Invitation Homes, Inc. 549,647 12,845,250 
Iron Mountain, Inc. 538,602 19,443,532 
iStar Financial, Inc. (a) 129,923 1,453,838 
JBG SMITH Properties 197,137 7,384,752 
Jernigan Capital, Inc. 21,201 424,232 
Kilroy Realty Corp. 183,382 13,412,559 
Kimco Realty Corp. 819,855 14,027,719 
Kite Realty Group Trust 170,320 2,977,194 
Lamar Advertising Co. Class A 159,840 12,315,672 
LaSalle Hotel Properties (SBI) 206,162 7,238,348 
Lexington Corporate Properties Trust 399,211 3,728,631 
Liberty Property Trust (SBI) 291,830 12,767,563 
Life Storage, Inc. 90,026 8,786,538 
LTC Properties, Inc. 76,598 3,557,977 
Mack-Cali Realty Corp. 182,244 3,980,209 
MedEquities Realty Trust, Inc. 56,982 610,277 
Medical Properties Trust, Inc. 763,546 11,491,367 
Mid-America Apartment Communities, Inc. 219,168 22,697,038 
Monmouth Real Estate Investment Corp. Class A 144,924 2,520,228 
National Health Investors, Inc. 85,662 6,788,714 
National Retail Properties, Inc. 290,818 13,403,802 
National Storage Affiliates Trust 107,421 3,046,460 
New Senior Investment Group, Inc. 149,321 946,695 
NexPoint Residential Trust, Inc. 32,020 1,034,246 
NorthStar Realty Europe Corp. 99,105 1,359,721 
Omega Healthcare Investors, Inc. (a) 384,407 12,704,651 
One Liberty Properties, Inc. 42,541 1,224,755 
Outfront Media, Inc. 278,838 5,540,511 
Paramount Group, Inc. 417,609 6,631,631 
Park Hotels & Resorts, Inc. 384,706 12,868,416 
Pebblebrook Hotel Trust (a) 134,429 5,190,304 
Pennsylvania Real Estate Investment Trust (SBI) 137,479 1,402,286 
Physicians Realty Trust 357,866 6,259,076 
Piedmont Office Realty Trust, Inc. Class A 250,343 4,966,805 
Potlatch Corp. 118,272 5,712,538 
Power (REIT) (b) 718 4,344 
Preferred Apartment Communities, Inc. Class A 81,117 1,445,505 
Prologis, Inc. 1,217,790 81,811,132 
PS Business Parks, Inc. 42,672 5,565,709 
Public Storage 290,191 61,688,803 
QTS Realty Trust, Inc. Class A 103,526 4,734,244 
Ramco-Gershenson Properties Trust (SBI) 161,970 2,261,101 
Rayonier, Inc. 246,837 8,597,333 
Realty Income Corp. 540,503 31,657,261 
Regency Centers Corp. 280,156 18,498,701 
Retail Opportunity Investments Corp. 207,087 4,087,897 
Retail Properties America, Inc. 409,657 5,214,934 
Rexford Industrial Realty, Inc. 174,524 5,672,030 
RLJ Lodging Trust 347,260 7,608,467 
Ryman Hospitality Properties, Inc. 99,071 8,790,570 
Sabra Health Care REIT, Inc. 356,789 8,413,085 
Safety Income and Growth, Inc. 12,370 204,105 
Saul Centers, Inc. 23,905 1,434,300 
SBA Communications Corp. Class A (b) 220,984 34,303,346 
Select Income REIT 130,864 2,689,255 
Senior Housing Properties Trust (SBI) 490,704 9,377,353 
Seritage Growth Properties (a) 55,673 2,866,046 
Simon Property Group, Inc. 597,704 109,397,763 
SL Green Realty Corp. 168,216 17,561,750 
Sotherly Hotels, Inc. 2,721 20,054 
Spirit MTA REIT (a) 83,110 890,939 
Spirit Realty Capital, Inc. 780,634 6,533,907 
Stag Industrial, Inc. 200,184 5,779,312 
Store Capital Corp. 322,243 9,283,821 
Summit Hotel Properties, Inc. 229,907 3,156,623 
Sun Communities, Inc. 161,888 16,703,604 
Sunstone Hotel Investors, Inc. 432,350 7,254,833 
Tanger Factory Outlet Centers, Inc. (a) 177,740 4,276,424 
Taubman Centers, Inc. 118,985 7,687,621 
Terreno Realty Corp. 97,945 3,762,067 
The GEO Group, Inc. 235,799 5,982,221 
The Macerich Co. 210,709 12,377,047 
TIER REIT, Inc. 108,647 2,590,144 
UDR, Inc. 504,145 20,150,676 
UMH Properties, Inc. 79,886 1,274,981 
Uniti Group, Inc. (a) 323,922 6,744,056 
Universal Health Realty Income Trust (SBI) 38,916 2,967,345 
Urban Edge Properties 212,899 4,866,871 
Urstadt Biddle Properties, Inc. Class A 92,798 2,111,155 
Ventas, Inc. 689,548 41,283,239 
VEREIT, Inc. 1,855,911 14,513,224 
Vornado Realty Trust 332,081 25,570,237 
Washington Prime Group, Inc. 352,285 2,726,686 
Washington REIT (SBI) 155,354 4,902,972 
Weingarten Realty Investors (SBI) 250,007 7,732,717 
Welltower, Inc. 717,418 47,858,955 
Weyerhaeuser Co. 1,456,578 50,557,822 
Wheeler REIT, Inc. (a) 6,770 37,303 
Whitestone REIT Class B 105,336 1,436,783 
WP Carey, Inc. 215,291 14,334,075 
Xenia Hotels & Resorts, Inc. 197,955 4,802,388 
  2,040,749,490 
Real Estate Management & Development - 0.1%   
Altisource Portfolio Solutions SA (a)(b) 18,423 665,991 
Boston Omaha Corp. (a)(b) 13,217 343,113 
CBRE Group, Inc. (b) 576,875 28,157,269 
Consolidated-Tomoka Land Co. 8,081 507,325 
Forestar Group, Inc. (a)(b) 22,360 574,652 
FRP Holdings, Inc. (b) 11,702 764,141 
HFF, Inc. 77,093 3,500,793 
Howard Hughes Corp. (b) 76,123 9,924,156 
Jones Lang LaSalle, Inc. 85,898 13,101,163 
Kennedy-Wilson Holdings, Inc. 251,133 5,386,803 
Marcus & Millichap, Inc. (b) 26,096 950,155 
Maui Land & Pineapple, Inc. (b) 31,310 397,637 
RE/MAX Holdings, Inc. 32,840 1,617,370 
Realogy Holdings Corp. (a) 250,072 5,349,040 
Redfin Corp. (a)(b) 130,022 2,575,736 
Retail Value, Inc. (b) 29,276 1,045,739 
Stratus Properties, Inc. (b) 12,801 389,150 
Tejon Ranch Co. (b) 29,778 661,965 
The St. Joe Co. (a)(b) 125,813 2,163,984 
Transcontinental Realty Investors, Inc. (b) 20,697 628,982 
Trinity Place Holdings, Inc. (b) 7,019 42,816 
VICI Properties, Inc. 138,928 2,904,984 
  81,652,964 
TOTAL REAL ESTATE  2,122,402,454 
TELECOMMUNICATION SERVICES - 1.7%   
Diversified Telecommunication Services - 1.6%   
Alaska Communication Systems Group, Inc. (b) 135,810 267,546 
AT&T, Inc. 14,049,911 448,754,157 
Atlantic Tele-Network, Inc. 20,159 1,476,244 
Bandwidth, Inc. (b) 11,272 513,552 
CenturyLink, Inc. 1,904,600 40,682,256 
Cincinnati Bell, Inc. (b) 118,793 1,544,309 
Cogent Communications Group, Inc. 79,491 4,348,158 
Consolidated Communications Holdings, Inc. (a) 126,066 1,488,839 
Frontier Communications Corp. (a) 161,811 841,417 
Globalstar, Inc. (a)(b) 800,187 408,015 
IDT Corp. Class B 44,765 236,807 
Iridium Communications, Inc. (a)(b) 166,538 3,372,395 
Ooma, Inc. (b) 37,459 599,344 
ORBCOMM, Inc. (b) 147,877 1,595,593 
Pareteum Corp. (a)(b) 88,901 245,367 
PDVWireless, Inc. (b) 18,833 565,932 
Verizon Communications, Inc. 7,989,834 434,407,275 
Vonage Holdings Corp. (b) 424,318 6,016,829 
WideOpenWest, Inc. (a)(b) 35,967 419,016 
Windstream Holdings, Inc. (a)(b) 76,326 359,495 
Zayo Group Holdings, Inc. (b) 360,743 12,503,352 
  960,645,898 
Wireless Telecommunication Services - 0.1%   
Airgain, Inc. (a)(b) 9,732 115,811 
Boingo Wireless, Inc. (b) 90,549 2,995,361 
NII Holdings, Inc. (a)(b) 192,173 1,103,073 
Shenandoah Telecommunications Co. 92,579 3,531,889 
Spok Holdings, Inc. 43,148 662,322 
Sprint Corp. (a)(b) 1,344,786 8,216,642 
T-Mobile U.S., Inc. (b) 569,092 37,582,836 
Telephone & Data Systems, Inc. 174,990 5,256,700 
U.S. Cellular Corp. (b) 27,310 1,167,776 
  60,632,410 
TOTAL TELECOMMUNICATION SERVICES  1,021,278,308 
UTILITIES - 2.8%   
Electric Utilities - 1.6%   
Allete, Inc. 104,493 7,845,334 
Alliant Energy Corp. 441,042 18,894,239 
American Electric Power Co., Inc. 941,624 67,542,690 
Duke Energy Corp. 1,356,125 110,171,595 
Edison International 630,951 41,472,409 
El Paso Electric Co. 80,794 4,952,672 
Entergy Corp. 343,175 28,685,998 
Evergy, Inc. 516,234 29,451,150 
Eversource Energy 609,178 38,030,983 
Exelon Corp. 1,852,392 80,968,054 
FirstEnergy Corp. 868,107 32,449,840 
Genie Energy Ltd. Class B 24,074 130,240 
Hawaiian Electric Industries, Inc. 219,652 7,747,126 
IDACORP, Inc. 102,567 10,036,181 
MGE Energy, Inc. 72,899 4,771,240 
NextEra Energy, Inc. 906,065 154,121,657 
OGE Energy Corp. 377,699 13,910,654 
Otter Tail Corp. 81,371 3,897,671 
PG&E Corp. 996,068 45,998,420 
Pinnacle West Capital Corp. 223,339 17,543,278 
PNM Resources, Inc. 156,967 6,113,865 
Portland General Electric Co. 174,192 8,082,509 
PPL Corp. 1,360,295 40,455,173 
Southern Co. 1,956,907 85,673,388 
Spark Energy, Inc. Class A, (a) 24,582 216,322 
Vistra Energy Corp. (b) 709,045 16,690,919 
Xcel Energy, Inc. 983,494 47,256,887 
  923,110,494 
Gas Utilities - 0.2%   
Atmos Energy Corp. 227,360 20,969,413 
Chesapeake Utilities Corp. 32,292 2,777,112 
National Fuel Gas Co. 165,416 9,185,550 
New Jersey Resources Corp. 166,205 7,578,948 
Northwest Natural Gas Co. 62,093 4,029,836 
ONE Gas, Inc. 101,493 7,970,245 
RGC Resources, Inc. 6,537 176,041 
South Jersey Industries, Inc. (a) 159,735 5,300,007 
Southwest Gas Holdings, Inc. 93,395 7,221,301 
Spire, Inc. 102,174 7,617,072 
UGI Corp. 328,308 17,745,047 
  90,570,572 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Energy, Inc. 571,503 20,225,491 
NRG Yield, Inc.:   
Class A 44,523 876,658 
Class C 167,464 3,324,160 
Ormat Technologies, Inc. 74,908 3,943,906 
Pattern Energy Group, Inc. (a) 171,450 3,494,151 
Terraform Power, Inc. 103,630 1,158,583 
The AES Corp. 1,264,774 17,023,858 
  50,046,807 
Multi-Utilities - 0.8%   
Ameren Corp. 468,043 29,594,359 
Avangrid, Inc. 138,427 6,829,988 
Avista Corp. 128,677 6,602,417 
Black Hills Corp. (a) 101,787 5,990,165 
CenterPoint Energy, Inc. 820,763 22,809,004 
CMS Energy Corp. 535,500 26,368,020 
Consolidated Edison, Inc. 595,082 46,969,822 
Dominion Resources, Inc. 1,260,445 89,201,693 
DTE Energy Co. 343,228 38,146,360 
MDU Resources Group, Inc. 379,742 10,591,004 
NiSource, Inc. 663,795 17,968,931 
NorthWestern Energy Corp. 103,581 6,210,717 
Public Service Enterprise Group, Inc. 967,507 50,648,991 
SCANA Corp. 278,583 10,680,872 
Sempra Energy (a) 509,240 59,112,579 
Unitil Corp. 58,643 2,964,404 
Vectren Corp. 159,198 11,334,898 
WEC Energy Group, Inc. 600,251 40,564,963 
  482,589,187 
Water Utilities - 0.1%   
American States Water Co. 72,116 4,357,970 
American Water Works Co., Inc. 337,468 29,538,574 
Aqua America, Inc. 365,029 13,571,778 
AquaVenture Holdings Ltd. (b) 20,099 365,400 
Artesian Resources Corp. Class A 60,277 2,165,753 
Cadiz, Inc. (a)(b) 46,921 450,442 
California Water Service Group 95,596 3,933,775 
Connecticut Water Service, Inc. 31,367 2,148,953 
Middlesex Water Co. 39,650 1,815,970 
Pure Cycle Corp. (b) 17,116 192,555 
Select Energy Services, Inc. Class A (b) 113,670 1,551,596 
SJW Corp. 29,404 1,702,786 
York Water Co. 40,150 1,208,515 
  63,004,067 
TOTAL UTILITIES  1,609,321,127 
TOTAL COMMON STOCKS   
(Cost $34,330,940,945)  57,902,307,525 
 Principal Amount Value 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 2.07% 1/3/19 (d)   
(Cost $5,957,592) 6,000,000 5,957,196 
 Shares Value 
Money Market Funds - 3.7%   
Fidelity Cash Central Fund, 1.97% (e) 307,770,942 $307,832,496 
Fidelity Securities Lending Cash Central Fund 1.98% (e)(f) 1,825,342,706 1,825,525,241 
TOTAL MONEY MARKET FUNDS   
(Cost $2,133,260,068)  2,133,357,737 
TOTAL INVESTMENT IN SECURITIES - 103.4%   
(Cost $36,470,158,605)  60,041,622,458 
NET OTHER ASSETS (LIABILITIES) - (3.4)%  (2,000,413,049) 
NET ASSETS - 100%  $58,041,209,409 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini Russell 2000 Index Contracts (United States) 147 Sept. 2018 $12,793,410 $565,066 $565,066 
CME E-mini S&P 500 Index Contracts (United States) 599 Sept. 2018 86,917,895 4,527,991 4,527,991 
CME E-mini S&P MidCap 400 Index Contracts (United States) 32 Sept. 2018 6,545,920 243,778 243,778 
TOTAL FUTURES CONTRACTS     $5,336,835 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) Level 3 security

 (d) 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 $5,957,196.

 (e) 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.

 (f) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $1,361,208 
Fidelity Securities Lending Cash Central Fund 6,954,115 
Total $8,315,323 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $7,604,125,980 $7,604,125,980 $-- $-- 
Consumer Staples 3,485,437,063 3,485,437,063 -- -- 
Energy 3,229,447,104 3,229,447,104 -- -- 
Financials 8,237,523,499 8,237,523,499 -- -- 
Health Care 8,270,622,371 8,269,819,671 -- 802,700 
Industrials 5,958,058,160 5,958,058,160 -- -- 
Information Technology 14,663,513,560 14,663,513,560 -- -- 
Materials 1,700,577,899 1,700,474,715 -- 103,184 
Real Estate 2,122,402,454 2,122,402,454 -- -- 
Telecommunication Services 1,021,278,308 1,021,278,308 -- -- 
Utilities 1,609,321,127 1,609,321,127 -- -- 
U.S. Government and Government Agency Obligations 5,957,196 -- 5,957,196 -- 
Money Market Funds 2,133,357,737 2,133,357,737 -- -- 
Total Investments in Securities: $60,041,622,458 $60,034,759,378 $5,957,196 $905,884 
Derivative Instruments:     
Assets     
Futures Contracts $5,336,835 $5,336,835 $-- $-- 
Total Assets $5,336,835 $5,336,835 $-- $-- 
Total Derivative Instruments: $5,336,835 $5,336,835 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $5,336,835 $0 
Total Equity Risk 5,336,835 0 
Total Value of Derivatives $5,336,835 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $1,785,418,856) — See accompanying schedule:
Unaffiliated issuers (cost $34,336,898,537) 		$57,908,264,721  
Fidelity Central Funds (cost $2,133,260,068) 2,133,357,737  
Total Investment in Securities (cost $36,470,158,605)  $60,041,622,458 
Segregated cash with brokers for derivative instruments  8,720,656 
Cash  9,438,923 
Receivable for fund shares sold  65,862,664 
Dividends receivable  94,694,052 
Distributions receivable from Fidelity Central Funds  1,334,076 
Receivable for daily variation margin on futures contracts  210,927 
Other receivables  614,840 
Total assets  60,222,498,596 
Liabilities   
Payable for investments purchased $49,191,017  
Payable for fund shares redeemed 305,481,434  
Accrued management fee 707,464  
Other payables and accrued expenses 895,166  
Collateral on securities loaned 1,825,014,106  
Total liabilities  2,181,289,187 
Net Assets  $58,041,209,409 
Net Assets consist of:   
Paid in capital  $33,983,028,655 
Undistributed net investment income  490,441,785 
Accumulated undistributed net realized gain (loss) on investments  (9,061,719) 
Net unrealized appreciation (depreciation) on investments  23,576,800,688 
Net Assets  $58,041,209,409 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($896,095,874 ÷ 10,667,382 shares)  $84.00 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($30,147,015,917 ÷ 358,832,234 shares)  $84.01 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($3,777,134,844 ÷ 44,963,568 shares)  $84.00 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($8,884,841,017 ÷ 105,771,661 shares)  $84.00 
Class F:   
Net Asset Value, offering price and redemption price per share ($14,336,121,757 ÷ 170,618,002 shares)  $84.02 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $490,626,239 
Interest  46,977 
Income from Fidelity Central Funds (including $6,954,115 from security lending)  8,315,323 
Total income  498,988,539 
Expenses   
Management fee $4,005,590  
Transfer agent fees 2,802,870  
Independent trustees' fees and expenses 131,478  
Legal 3,348  
Interest 16,268  
Commitment fees 71,142  
Total expenses before reductions 7,030,696  
Expense reductions (6,402)  
Total expenses after reductions  7,024,294 
Net investment income (loss)  491,964,245 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 129,861,925  
Fidelity Central Funds (16,578)  
Futures contracts 12,178,931  
Total net realized gain (loss)  142,024,278 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 4,071,504,045  
Fidelity Central Funds (13,648)  
Futures contracts 1,169,644  
Total change in net unrealized appreciation (depreciation)  4,072,660,041 
Net gain (loss)  4,214,684,319 
Net increase (decrease) in net assets resulting from operations  $4,706,648,564 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $491,964,245 $830,794,882 
Net realized gain (loss) 142,024,278 310,972,014 
Change in net unrealized appreciation (depreciation) 4,072,660,041 5,665,452,634 
Net increase (decrease) in net assets resulting from operations 4,706,648,564 6,807,219,530 
Distributions to shareholders from net investment income (167,025,734) (778,723,850) 
Distributions to shareholders from net realized gain (10,522,734) (315,859,948) 
Total distributions (177,548,468) (1,094,583,798) 
Share transactions - net increase (decrease) 3,339,415,507 4,369,390,868 
Total increase (decrease) in net assets 7,868,515,603 10,082,026,600 
Net Assets   
Beginning of period 50,172,693,806 40,090,667,206 
End of period $58,041,209,409 $50,172,693,806 
Other Information   
Undistributed net investment income end of period $490,441,785 $165,503,274 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Total Market Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.43 $68.20 $55.32 $61.58 $54.91 $44.05 
Income from Investment Operations       
Net investment income (loss)B .71 1.30 1.20 1.13 1.10 .92 
Net realized and unrealized gain (loss) 6.12 9.65 13.20 (5.97) 6.51 10.74 
Total from investment operations 6.83 10.95 14.40 (4.84) 7.61 11.66 
Distributions from net investment income (.24) (1.21) (1.13) (1.11) (.94) (.80) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.26) (1.72) (1.52) (1.42) (.94) (.80) 
Redemption fees added to paid in capitalB – – –C –C –C –C 
Net asset value, end of period $84.00 $77.43 $68.20 $55.32 $61.58 $54.91 
Total ReturnD,E 8.85% 16.16% 26.22% (7.96)% 13.94% 26.62% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .08%H .09% .09% .10% .10% .10% 
Expenses net of fee waivers, if any .08%H .09% .09% .10% .10% .10% 
Expenses net of all reductions .08%H .09% .09% .10% .10% .10% 
Net investment income (loss) 1.79%H 1.79% 1.96% 1.90% 1.91% 1.85% 
Supplemental Data       
Net assets, end of period (000 omitted) $896,096 $794,446 $736,989 $1,932,568 $1,943,259 $1,694,212 
Portfolio turnover rateI 5%H 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.44 $68.20 $55.32 $61.59 $54.91 $44.06 
Income from Investment Operations       
Net investment income (loss)B .73 1.34 1.25 1.16 1.13 .94 
Net realized and unrealized gain (loss) 6.11 9.66 13.18 (5.98) 6.52 10.73 
Total from investment operations 6.84 11.00 14.43 (4.82) 7.65 11.67 
Distributions from net investment income (.25) (1.25) (1.16) (1.14) (.97) (.82) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27) (1.76) (1.55) (1.45) (.97) (.82) 
Redemption fees added to paid in capitalB – – –C –C –C –C 
Net asset value, end of period $84.01 $77.44 $68.20 $55.32 $61.59 $54.91 
Total ReturnD,E 8.87% 16.23% 26.28% (7.92)% 14.02% 26.65% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .03%H .04% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%H .04% .05% .05% .05% .06% 
Expenses net of all reductions .03%H .04% .05% .05% .05% .06% 
Net investment income (loss) 1.83%H 1.84% 2.00% 1.95% 1.96% 1.89% 
Supplemental Data       
Net assets, end of period (000 omitted) $30,147,016 $27,441,887 $23,288,507 $18,866,595 $18,860,117 $14,943,835 
Portfolio turnover rateI 5%H 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Institutional Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.43 $68.19 $55.31 $61.58 $54.91 $44.05 
Income from Investment Operations       
Net investment income (loss)B .73 1.34 1.26 1.17 1.13 .94 
Net realized and unrealized gain (loss) 6.11 9.66 13.18 (5.98) 6.52 10.75 
Total from investment operations 6.84 11.00 14.44 (4.81) 7.65 11.69 
Distributions from net investment income (.25) (1.25) (1.16) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27) (1.76) (1.56)C (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $84.00 $77.43 $68.19 $55.31 $61.58 $54.91 
Total ReturnE,F 8.87% 16.24% 26.30% (7.92)% 14.01% 26.69% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .03%I .03% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%I .03% .04% .04% .04% .05% 
Expenses net of all reductions .03%I .03% .04% .04% .04% .05% 
Net investment income (loss) 1.84%I 1.85% 2.01% 1.96% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,777,135 $3,341,899 $2,345,441 $1,199,719 $1,307,281 $1,254,047 
Portfolio turnover rateJ 5%I 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.56 per share is comprised of distributions from net investment income of $1.162 and distributions from net realized gain of $.393 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.42 $68.19 $55.31 $61.58 $54.90 $44.05 
Income from Investment Operations       
Net investment income (loss)B .73 1.36 1.28 1.17 1.14 .95 
Net realized and unrealized gain (loss) 6.12 9.65 13.17 (5.98) 6.52 10.73 
Total from investment operations 6.85 11.01 14.45 (4.81) 7.66 11.68 
Distributions from net investment income (.26) (1.27) (1.17) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27)C (1.78) (1.57)D (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –E –E –E –E 
Net asset value, end of period $84.00 $77.42 $68.19 $55.31 $61.58 $54.90 
Total ReturnF,G 8.89% 16.25% 26.32% (7.91)% 14.04% 26.67% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .02%J .02% .02% .05% .04% .06% 
Expenses net of fee waivers, if any .02%J .02% .02% .04% .04% .05% 
Expenses net of all reductions .02%J .02% .02% .04% .04% .05% 
Net investment income (loss) 1.85%J 1.86% 2.02% 1.97% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,884,841 $6,114,864 $4,684,669 $800,304 $1,022,585 $740,877 
Portfolio turnover rateK 5%J 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.27 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.016 per share.

 D Total distributions of $1.57 per share is comprised of distributions from net investment income of $1.173 and distributions from net realized gain of $.393 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Class F

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.45 $68.21 $55.32 $61.59 $54.92 $44.06 
Income from Investment Operations       
Net investment income (loss)B .73 1.36 1.26 1.17 1.14 .95 
Net realized and unrealized gain (loss) 6.11 9.66 13.20 (5.98) 6.51 10.74 
Total from investment operations 6.84 11.02 14.46 (4.81) 7.65 11.69 
Distributions from net investment income (.26) (1.27) (1.17) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27)C (1.78) (1.57)D (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –E –E –E –E 
Net asset value, end of period $84.02 $77.45 $68.21 $55.32 $61.59 $54.92 
Total ReturnF,G 8.87% 16.26% 26.33% (7.91)% 14.01% 26.69% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .02%J .02% .02% .04% .04% .05% 
Expenses net of fee waivers, if any .02%J .02% .02% .04% .04% .05% 
Expenses net of all reductions .02%J .02% .02% .04% .04% .05% 
Net investment income (loss) 1.85%J 1.86% 2.02% 1.97% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $14,336,122 $12,479,597 $9,035,061 $6,659,560 $6,368,808 $5,088,489 
Portfolio turnover rateK 5%J 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.27 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.016 per share.

 D Total distributions of $1.57 per share is comprised of distributions from net investment income of $1.173 and distributions from net realized gain of $.393 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended August 31, 2018

1. Organization.

Fidelity Total Market Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Premium Class, Institutional Class, Institutional Premium Class and Class F shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. Class F shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as investment manager.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – 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 the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of August 31, 2018 is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees of $895,163 are included in the accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, respectively.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, partnerships, deferred trustees compensation and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation $25,491,640,385 
Gross unrealized depreciation (2,107,776,544) 
Net unrealized appreciation (depreciation) $23,383,863,841 
Tax cost $36,663,095,452 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures 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 and 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:

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.
 

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. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

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 and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, aggregated $5,281,197,368 and $1,222,963,702, respectively.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .015% of the Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

Effective August 1, 2018, the Board approved an amendment to the expense contract. Under the expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

Investor Class .015% 
Premium Class .015% 
Institutional Class .015% 
Institutional Premium Class .015% 
Class F .015% 

Prior to August 1, 2018, the investment adviser paid class-level expenses as necessary so that the total expenses did not exceed certain amounts as noted in the following table:

Investor Class .09% 
Premium Class .035% 
Institutional Class .030% 
Institutional Premium Class .015% 
Class F .015% 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of class-level average net assets for Investor Class, Premium Class, Institutional Class and Institutional Premium Class, respectively. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Effective August 1, 2018, under the amended expense contract, Investor Class, Premium Class, and Institutional Class pay no transfer agent fees. Prior to August 1, 2018, each class paid all or a portion of the transfer agent fees at an annual rate of .075%, .02%, and .015% of class-level average net assets, respectively, and Institutional Premium Class does not pay transfer agent fees. FIIOC receives no fees for providing transfer agency services to Class F.

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Amount % of Class-Level Average Net Assets(a) 
Investor Class $250,548 .062 
Premium Class 2,334,574 .016 
Institutional Class 217,748 .012 
 $2,802,870  

 (a) Annualized

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Fund, along with other registered investment companies having management contracts with FMR or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. The Fund's activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Borrower $34,077,875 2.15% $16,268 

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $71,142 and is reflected in Commitment fees on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Fund. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. The value of securities loaned to FCM at period end was $8,158,306. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds and includes $165,990 from securities loaned to FCM.

9. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's expenses by $6,402.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
August 31, 2018 		Year ended
February 28, 2018 
From net investment income   
Investor Class $2,478,522 $12,586,670 
Premium Class 89,860,399 435,270,799 
Institutional Class 10,965,878 44,873,287 
Institutional Premium Class 20,946,671 94,317,041 
Class F 42,774,264 191,676,053 
Total $167,025,734 $778,723,850 
From net realized gain   
Investor Class $164,548 $5,321,710 
Premium Class 5,694,270 177,589,449 
Institutional Class 692,013 18,221,313 
Institutional Premium Class 1,305,698 37,888,601 
Class F 2,666,205 76,838,875 
Total $10,522,734 $315,859,948 

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended August 31, 2018 Year ended February 28, 2018 Six months ended August 31, 2018 Year ended February 28, 2018 
Investor Class     
Shares sold 2,723,117 6,491,579 $215,950,096 $473,077,417 
Reinvestment of distributions 32,797 227,908 2,485,299 16,995,879 
Shares redeemed (2,348,254) (7,266,119) (185,589,293) (529,723,284) 
Net increase (decrease) 407,660 (546,632) $32,846,102 $(39,649,988) 
Premium Class     
Shares sold 26,131,870 59,682,692 $2,068,764,384 $4,353,636,860 
Reinvestment of distributions 1,130,172 7,372,266 85,644,406 550,334,111 
Shares redeemed (22,803,631) (54,136,097) (1,811,868,466) (3,981,489,838) 
Net increase (decrease) 4,458,411 12,918,861 $342,540,324 $922,481,133 
Institutional Class     
Shares sold 5,818,678 17,997,705 $457,907,605 $1,330,831,506 
Reinvestment of distributions 129,741 732,368 9,830,506 54,656,693 
Shares redeemed (4,146,204) (9,961,881) (329,560,409) (724,114,212) 
Net increase (decrease) 1,802,215 8,768,192 $138,177,702 $661,373,987 
Institutional Premium Class     
Shares sold 41,528,589 19,386,022 $3,272,627,679 $1,424,547,920 
Reinvestment of distributions 293,720 1,770,295 22,252,243 132,205,306 
Shares redeemed (15,030,904) (10,876,497) (1,189,211,901) (794,477,913) 
Net increase (decrease) 26,791,405 10,279,820 $2,105,668,021 $762,275,313 
Class F     
Shares sold 20,340,963 36,022,682 $1,589,711,870 $2,617,551,668 
Reinvestment of distributions 599,637 3,591,887 45,440,469 268,514,928 
Shares redeemed (11,463,696) (10,934,635) (914,968,981) (823,156,173) 
Net increase (decrease) 9,476,904 28,679,934 $720,183,358 $2,062,910,423 

12. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record, in the aggregate, of approximately 26% of the total outstanding shares of the Fidelity Total Market Index Fund.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2018 to August 31, 2018).

Actual Expenses

The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
March 1, 2018 		Ending
Account Value
August 31, 2018 		Expenses Paid
During Period-B
March 1, 2018
to August 31, 2018 
Investor Class .08%    
Actual  $1,000.00 $1,088.50 $.42-C 
Hypothetical-D  $1,000.00 $1,024.80 $.41-C 
Premium Class .03%    
Actual  $1,000.00 $1,088.70 $.16 
Hypothetical-D  $1,000.00 $1,025.05 $.15 
Institutional Class .03%    
Actual  $1,000.00 $1,088.70 $.16 
Hypothetical-D  $1,000.00 $1,025.05 $.15 
Institutional Premium Class .02%    
Actual  $1,000.00 $1,088.90 $.11 
Hypothetical-D  $1,000.00 $1,025.10 $.10 
Class F .02%    
Actual  $1,000.00 $1,088.70 $.11 
Hypothetical-D  $1,000.00 $1,025.10 $.10 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

 C If fees and changes to the class level expense contract and/or expense cap, effective August 1, 2018, had been in effect for the entire period, the restated annualized expense ratio would have been .02% and the expenses paid in the actual and hypothetical examples above would have been $.11 and $.10, respectively.

 D 5% return per year before expenses

Board Approval of Investment Advisory Contracts

Fidelity Total Market Index Fund

At its July 2018 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreement with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the fund for six months through January 31, 2019, in connection with the reunification of the Fidelity Equity High Income Funds Board, which oversees the fund, and the Sector Portfolios Board.

The Board also approved an amendment to the fund's sub-advisory agreement with Geode (the Amended Contract) to decrease the sub-advisory fee rate paid by FMR to Geode, on behalf of the fund, by 1.00 basis point. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a range of information.

The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management.

In its review of the proposed sub-advisory fee rate under the Amended Contract, the Board considered that the proposed fee rate is lower by 1.00 basis point than the current sub-advisory fee rate for the fund. The Board noted that FMR, and not the fund, pays the sub-advisory fee out of its management fee. The Board considered that the Amended Contract will not result in any changes to the current management fee rate under the funds' management contracts with FMR. The Board also considered that FMR will retain its obligation to pay fund-level operating expenses for the fund, with certain limited exceptions, under the fund's management contract.

The Board considered that the contractual arrangements for the fund that oblige FMR to pay all "class-level" expenses of each class of the fund to the extent necessary to limit total expenses, with certain exceptions, were being set at 0.015% for all classes.

The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification (except as noted above for the fund's sub-advisory contract with Geode), through January 31, 2019, with the understanding that the Board will consider the annual renewal for a full one year period in January 2019.

In connection with its consideration of future renewals of the fund's Advisory Contracts, the Board will consider: (i) the nature, extent and quality of services provided to the fund, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for the fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing the fund and its shareholders, to the extent applicable, as well as potential fall-out benefits from Fidelity's non-fund businesses; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies. Because the Board was approving an arrangement under which the fees were being reduced, the Board did not consider FMR's or Geode's costs of services, revenues, or profitability to be significant factors in its decision to approve the Amended Contract. In connection with its approval of the Amended Contract, the Board did not consider economies of scale to be a significant factor in its decision to approve the agreement because FMR will continue to contractually limit fund expenses.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the fund's management fee structure is fair and reasonable, and that the Amended Contact and the continuation of the fund's Advisory Contracts should be approved.





Fidelity Investments

Corporate Headquarters

245 Summer St.

Boston, MA 02210

www.fidelity.com

STI-F-SANN-1018
1.899051.108

Fidelity® Total Market Index Fund
Investor Class and Premium Class

Fidelity® Extended Market Index Fund
Investor Class and Premium Class

Fidelity® International Index Fund
Investor Class and Premium Class



Semi-Annual Report

August 31, 2018



Fidelity Investments


Contents

Notes to shareholders

Fidelity® Total Market Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity® Extended Market Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity® International Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2018 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.



Notes to shareholders:

In July, the Board of Trustees approved a proposal to consolidate the Fund’s publicly offered share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity Total Market Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .015% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

In July, the Board of Trustees approved a proposal to consolidate the Fund’s share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity Extended Market Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .045% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

In July, the Board of Trustees approved a proposal to consolidate the Fund’s share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity International Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .045% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

Fidelity® Total Market Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Apple, Inc. 3.7 
Microsoft Corp. 2.9 
Amazon.com, Inc. 2.7 
Facebook, Inc. Class A 1.4 
Berkshire Hathaway, Inc. Class B 1.4 
JPMorgan Chase & Co. 1.3 
Alphabet, Inc. Class C 1.3 
Alphabet, Inc. Class A 1.2 
Johnson & Johnson 1.2 
Exxon Mobil Corp. 1.1 
 18.2 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 25.3 
Health Care 14.2 
Financials 14.2 
Consumer Discretionary 13.1 
Industrials 10.3 
Consumer Staples 6.0 
Energy 5.6 
Real Estate 3.6 
Materials 2.9 
Utilities 2.8 

Fidelity® Total Market Index Fund

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.7%   
 Shares Value 
CONSUMER DISCRETIONARY - 13.1%   
Auto Components - 0.3%   
Adient PLC (a) 181,691 $7,865,403 
American Axle & Manufacturing Holdings, Inc. (b) 188,109 3,331,410 
Aptiv PLC 510,121 44,895,749 
Autoliv, Inc. (a) 165,669 14,759,451 
BorgWarner, Inc. 386,356 16,910,802 
CDTi Advanced Materials, Inc. (a)(b) 8,475 3,221 
Cooper Tire & Rubber Co. (a) 104,300 3,009,055 
Cooper-Standard Holding, Inc. (b) 32,523 4,502,159 
Dana Holding Corp. 270,404 5,291,806 
Delphi Technologies PLC 171,828 6,053,500 
Dorman Products, Inc. (a)(b) 61,275 4,962,050 
Fox Factory Holding Corp. (b) 77,770 5,136,709 
Gentex Corp. 532,304 12,445,268 
Gentherm, Inc. (b) 78,354 3,855,017 
Hertz Global Holdings, Inc. (a)(b) 158,981 2,799,655 
Horizon Global Corp. (a)(b) 41,718 323,732 
LCI Industries 49,871 4,635,509 
Lear Corp. 125,595 20,371,509 
Modine Manufacturing Co. (b) 92,466 1,558,052 
Motorcar Parts of America, Inc. (a)(b) 32,435 860,825 
Shiloh Industries, Inc. (b) 23,634 212,233 
Standard Motor Products, Inc. 42,212 2,143,103 
Stoneridge, Inc. (b) 60,173 1,800,978 
Strattec Security Corp. 4,334 148,656 
Superior Industries International, Inc. 39,790 863,443 
Sypris Solutions, Inc. (b) 16,848 26,957 
Tenneco, Inc. 96,642 4,135,311 
The Goodyear Tire & Rubber Co. 462,748 10,499,752 
Tower International, Inc. 37,453 1,265,911 
UQM Technologies, Inc. (a)(b) 38,648 46,378 
Veoneer, Inc. (a)(b) 173,291 8,654,153 
Visteon Corp. (b) 57,388 6,335,061 
VOXX International Corp. (b) 39,260 212,004 
Workhorse Group, Inc. (a)(b) 43,808 44,684 
  199,959,506 
Automobiles - 0.5%   
Ford Motor Co. 7,565,984 71,725,528 
General Motors Co. 2,461,659 88,742,807 
Harley-Davidson, Inc. 318,145 13,559,340 
REV Group, Inc. (a) 55,706 947,559 
Tesla, Inc. (a)(b) 259,511 78,284,088 
Thor Industries, Inc. 95,137 9,079,875 
Winnebago Industries, Inc. 53,916 1,992,196 
  264,331,393 
Distributors - 0.1%   
Core-Mark Holding Co., Inc. 91,667 3,278,929 
Educational Development Corp. 5,732 68,784 
Genuine Parts Co. 285,754 28,532,537 
LKQ Corp. (b) 602,544 20,799,819 
Pool Corp. 79,418 13,045,201 
Weyco Group, Inc. 6,395 226,831 
  65,952,101 
Diversified Consumer Services - 0.2%   
Adtalem Global Education, Inc. (b) 121,167 5,797,841 
American Public Education, Inc. (b) 34,036 1,182,751 
Ascent Capital Group, Inc. (b) 16,905 34,655 
Bridgepoint Education, Inc. (b) 52,176 613,590 
Bright Horizons Family Solutions, Inc. (b) 115,034 13,738,511 
Cambium Learning Group, Inc. (b) 26,588 355,747 
Career Education Corp. (b) 119,651 1,908,433 
Carriage Services, Inc. 24,048 547,573 
Chegg, Inc. (a)(b) 166,149 5,379,905 
Collectors Universe, Inc. 6,416 95,791 
Graham Holdings Co. 8,988 5,057,098 
Grand Canyon Education, Inc. (b) 92,016 10,962,786 
H&R Block, Inc. 401,847 10,873,980 
Houghton Mifflin Harcourt Co. (b) 207,270 1,336,892 
K12, Inc. (b) 75,246 1,246,074 
Laureate Education, Inc. Class A (b) 118,560 1,893,403 
Lincoln Educational Services Corp. (b) 15,671 34,476 
National American University Holdings, Inc. 5,378 4,733 
Regis Corp. (b) 65,150 1,393,559 
Service Corp. International 355,312 14,908,892 
ServiceMaster Global Holdings, Inc. (b) 263,570 15,885,364 
Sotheby's Class A (Ltd. vtg.) (a)(b) 77,436 3,718,477 
Strategic Education, Inc. 40,901 5,675,832 
Universal Technical Institute, Inc. (b) 29,419 80,020 
Weight Watchers International, Inc. (a)(b) 70,718 5,296,778 
Xpresspa Group, Inc. (b) 9,862 1,702 
  108,024,863 
Hotels, Restaurants & Leisure - 1.9%   
ARAMARK Holdings Corp. 479,975 19,717,373 
Belmond Ltd. Class A (b) 165,347 2,769,562 
BFC Financial Corp. Class A 157,194 1,167,951 
Biglari Holdings, Inc. (b) 247 236,656 
Biglari Holdings, Inc. (b) 2,475 488,936 
BJ's Restaurants, Inc. 35,904 2,717,933 
Bloomin' Brands, Inc. 181,456 3,502,101 
Bojangles', Inc. (a)(b) 34,765 507,569 
Boyd Gaming Corp. 160,056 5,829,240 
Brinker International, Inc. 86,305 3,821,585 
Caesars Entertainment Corp. (a)(b) 273,134 2,785,967 
Carnival Corp. 783,753 48,192,972 
Carrols Restaurant Group, Inc. (b) 61,598 973,248 
Century Casinos, Inc. (b) 44,390 355,120 
Chipotle Mexican Grill, Inc. (b) 47,391 22,519,255 
Choice Hotels International, Inc. 75,738 5,911,351 
Churchill Downs, Inc. 21,746 6,145,420 
Chuy's Holdings, Inc. (a)(b) 33,149 959,664 
Cracker Barrel Old Country Store, Inc. (a) 45,340 6,759,741 
Darden Restaurants, Inc. 238,981 27,731,355 
Dave & Buster's Entertainment, Inc. (b) 73,713 4,287,885 
Del Frisco's Restaurant Group, Inc. (b) 76,669 724,522 
Del Taco Restaurants, Inc. (b) 75,328 973,991 
Denny's Corp. (b) 128,799 1,941,001 
Dine Brands Global, Inc. (a) 36,646 3,057,009 
Domino's Pizza, Inc. 81,566 24,352,345 
Dover Downs Gaming & Entertainment, Inc. (a)(b) 54,619 174,781 
Dover Motorsports, Inc. 9,993 20,486 
Drive Shack, Inc. (b) 106,917 662,885 
Dunkin' Brands Group, Inc. (a) 158,881 11,580,836 
El Pollo Loco Holdings, Inc. (b) 42,298 503,346 
Eldorado Resorts, Inc. (a)(b) 117,072 5,625,310 
Empire Resorts, Inc. (b) 4,022 50,074 
Extended Stay America, Inc. unit 367,918 7,424,585 
Famous Dave's of America, Inc. (a)(b) 7,623 50,693 
Fiesta Restaurant Group, Inc. (b) 50,677 1,456,964 
Golden Entertainment, Inc. (b) 33,622 975,374 
Good Times Restaurants, Inc. (b) 7,939 38,901 
Habit Restaurants, Inc. Class A (a)(b) 36,946 611,456 
Hilton Grand Vacations, Inc. (b) 187,085 6,110,196 
Hilton Worldwide Holdings, Inc. 535,957 41,600,982 
Hyatt Hotels Corp. Class A 92,384 7,146,826 
ILG, Inc. 199,231 6,799,754 
Inspired Entertainment, Inc. (b) 3,769 26,760 
International Speedway Corp. Class A 44,736 1,975,094 
J. Alexanders Holdings, Inc. (b) 20,559 254,932 
Jack in the Box, Inc. 54,956 4,981,212 
Jamba, Inc. (a)(b) 31,127 404,028 
Kona Grill, Inc. (a)(b) 8,466 21,588 
Las Vegas Sands Corp. 707,662 46,295,248 
Lindblad Expeditions Holdings (b) 48,584 737,991 
Luby's, Inc. (b) 14,614 29,520 
Marriott International, Inc. Class A 573,134 72,484,257 
Marriott Vacations Worldwide Corp. (a) 47,812 5,689,628 
McDonald's Corp. 1,520,914 246,737,878 
MGM Mirage, Inc. 967,766 28,055,536 
Monarch Casino & Resort, Inc. (b) 19,895 936,060 
Nathan's Famous, Inc. 4,365 387,176 
Noodles & Co. (b) 77,002 947,125 
Norwegian Cruise Line Holdings Ltd. (b) 397,580 21,314,264 
Papa John's International, Inc. (a) 45,834 2,113,864 
Papa Murphy's Holdings, Inc. (a)(b) 22,690 125,930 
Penn National Gaming, Inc. (b) 158,816 5,472,799 
Pinnacle Entertainment, Inc. (b) 102,955 3,525,179 
Planet Fitness, Inc. (b) 173,759 8,926,000 
Playa Hotels & Resorts NV (b) 140,860 1,455,084 
PlayAGS, Inc. (a)(b) 43,230 1,385,089 
Potbelly Corp. (b) 40,772 552,461 
Rave Restaurant Group, Inc. (a)(b) 9,079 11,712 
RCI Hospitality Holdings, Inc. 15,482 502,081 
Red Lion Hotels Corp. (b) 39,040 532,896 
Red Robin Gourmet Burgers, Inc. (a)(b) 26,573 1,097,465 
Red Rock Resorts, Inc. 146,708 4,788,549 
Royal Caribbean Cruises Ltd. 330,573 40,521,638 
Ruth's Hospitality Group, Inc. 51,983 1,601,076 
Scientific Games Corp. Class A (b) 99,063 3,001,609 
SeaWorld Entertainment, Inc. (b) 127,392 3,735,133 
Shake Shack, Inc. Class A (a)(b) 40,965 2,476,334 
Six Flags Entertainment Corp. 148,179 10,009,491 
Sonic Corp. (a) 74,649 2,676,913 
Speedway Motorsports, Inc. 23,497 420,361 
Starbucks Corp. 2,667,937 142,601,233 
Texas Roadhouse, Inc. Class A 123,753 8,532,769 
The Cheesecake Factory, Inc. (a) 85,660 4,554,542 
Town Sports International Holdings, Inc. (b) 41,284 377,749 
U.S. Foods Holding Corp. (b) 262,925 8,568,726 
Vail Resorts, Inc. 78,002 23,248,496 
Wendy's Co. 365,963 6,459,247 
Wingstop, Inc. 55,195 3,695,305 
Wyndham Destinations, Inc. 185,484 8,198,393 
Wyndham Hotels & Resorts, Inc. 196,365 11,143,714 
Wynn Resorts Ltd. 163,093 24,193,216 
Yum! Brands, Inc. 624,046 54,223,357 
Zoe's Kitchen, Inc. (a)(b) 52,844 723,963 
  1,111,993,872 
Household Durables - 0.5%   
AV Homes, Inc. (a)(b) 17,632 378,206 
Bassett Furniture Industries, Inc. 18,263 426,441 
Beazer Homes U.S.A., Inc. (b) 65,476 838,748 
Cavco Industries, Inc. (b) 16,004 3,927,382 
Century Communities, Inc. (b) 43,258 1,265,297 
Comstock Holding Companies, Inc. (a)(b) 1,496 4,189 
CSS Industries, Inc. 16,118 223,718 
D.R. Horton, Inc. 659,836 29,369,300 
Dixie Group, Inc. (b) 11,105 18,879 
Emerson Radio Corp. (b) 23,724 34,637 
Ethan Allen Interiors, Inc. 53,577 1,192,088 
Flexsteel Industries, Inc. 9,186 327,756 
Garmin Ltd. 216,150 14,728,461 
GoPro, Inc. Class A (a)(b) 213,647 1,369,477 
Green Brick Partners, Inc. (b) 37,398 390,809 
Hamilton Beach Brands Holding Co. Class A 20,505 474,691 
Helen of Troy Ltd. (b) 53,200 6,328,140 
Hooker Furniture Corp. 23,607 992,674 
Hovnanian Enterprises, Inc. Class A (a)(b) 177,163 276,374 
Installed Building Products, Inc. (b) 45,849 2,134,271 
iRobot Corp. (a)(b) 54,125 6,143,188 
KB Home 166,267 4,131,735 
Koss Corp. (b) 2,669 9,715 
La-Z-Boy, Inc. 91,907 3,055,908 
Leggett & Platt, Inc. (a) 249,108 11,319,468 
Lennar Corp.:   
Class A 540,686 27,937,246 
Class B 9,673 408,007 
LGI Homes, Inc. (a)(b) 35,114 2,022,566 
Libbey, Inc. 41,937 412,241 
Lifetime Brands, Inc. 14,046 163,636 
M.D.C. Holdings, Inc. 99,376 3,150,219 
M/I Homes, Inc. (b) 59,108 1,531,488 
Meritage Homes Corp. (b) 78,833 3,401,644 
Mohawk Industries, Inc. (b) 121,467 23,271,863 
New Home Co. LLC (b) 17,775 156,065 
Newell Brands, Inc. 935,654 20,322,405 
Nova LifeStyle, Inc. (a)(b) 26,136 46,522 
NVR, Inc. (b) 6,477 17,283,551 
PulteGroup, Inc. (a) 497,686 13,910,324 
Roku, Inc. Class A (a) 86,359 5,137,497 
Skyline Champion Corp. 15,881 459,120 
Taylor Morrison Home Corp. (b) 213,917 4,162,825 
Tempur Sealy International, Inc. (a)(b) 87,333 4,837,375 
Toll Brothers, Inc. 278,640 10,095,127 
TopBuild Corp. (b) 72,015 4,485,094 
TRI Pointe Homes, Inc. (a)(b) 285,631 4,138,793 
Tupperware Brands Corp. 98,214 3,193,919 
Turtle Beach Corp. (a)(b) 12,175 278,929 
Universal Electronics, Inc. (b) 28,445 1,228,824 
Vuzix Corp. (a)(b) 35,528 230,932 
Whirlpool Corp. 124,156 15,517,017 
William Lyon Homes, Inc. (b) 53,155 1,040,243 
Zagg, Inc. (b) 47,415 768,123 
  258,953,147 
Internet & Direct Marketing Retail - 3.7%   
1-800-FLOWERS.com, Inc. Class A (b) 67,294 810,893 
Amazon.com, Inc. (b) 779,436 1,568,778,632 
Blue Apron Holdings, Inc. Class A (a)(b) 67,371 136,089 
Duluth Holdings, Inc. (a)(b) 29,946 866,637 
EVINE Live, Inc. (b) 71,405 91,398 
Expedia, Inc. 234,656 30,622,608 
FTD Companies, Inc. (b) 25,393 90,907 
Gaia, Inc. Class A (b) 16,336 285,880 
Groupon, Inc. (b) 761,063 3,249,739 
Lands' End, Inc. (a)(b) 31,890 819,573 
Liberty Expedia Holdings, Inc. (b) 113,147 5,221,734 
Liberty Interactive Corp. QVC Group Series A (b) 866,824 18,021,271 
Liberty TripAdvisor Holdings, Inc. (b) 137,066 2,172,496 
Netflix, Inc. (b) 841,160 309,277,709 
NutriSystem, Inc. 59,492 2,201,204 
Overstock.com, Inc. (a)(b) 36,823 1,075,232 
PetMed Express, Inc. (a) 38,488 1,412,125 
Shutterfly, Inc. (a)(b) 63,827 4,958,081 
The Booking Holdings, Inc. (b) 93,202 181,888,363 
TripAdvisor, Inc. (a)(b) 205,604 11,166,353 
U.S. Auto Parts Network, Inc. (b) 5,048 7,370 
Wayfair LLC Class A (a)(b) 83,777 11,324,137 
  2,154,478,431 
Leisure Products - 0.1%   
American Outdoor Brands Corp. (b) 96,497 1,353,853 
Brunswick Corp. 170,585 11,330,256 
Callaway Golf Co. 178,654 4,075,098 
Clarus Corp. 39,765 411,568 
Escalade, Inc. 7,022 93,393 
Hasbro, Inc. 219,161 21,764,879 
JAKKS Pacific, Inc. (a)(b) 36,433 92,904 
Johnson Outdoors, Inc. Class A 11,590 1,173,835 
Malibu Boats, Inc. Class A (b) 41,559 2,003,559 
Marine Products Corp. 11,741 230,593 
Mattel, Inc. (a) 665,394 10,267,029 
MCBC Holdings, Inc. (b) 29,639 817,147 
Nautilus, Inc. (b) 60,465 885,812 
Polaris Industries, Inc. 112,876 12,241,402 
Sturm, Ruger & Co., Inc. (a) 33,314 2,180,401 
Summer Infant, Inc. (b) 32,605 62,602 
Vista Outdoor, Inc. (b) 127,654 2,357,769 
  71,342,100 
Media - 2.3%   
A.H. Belo Corp. Class A 22,177 97,579 
Altice U.S.A., Inc. Class A 232,750 4,170,880 
AMC Entertainment Holdings, Inc. Class A 98,115 1,869,091 
AMC Networks, Inc. Class A (a)(b) 89,247 5,605,604 
Ballantyne of Omaha, Inc. (b) 17,964 78,143 
Cable One, Inc. 8,949 7,496,935 
CBS Corp. Class B 680,172 36,062,719 
Central European Media Enterprises Ltd. Class A (b) 124,885 474,563 
Charter Communications, Inc. Class A (a)(b) 359,235 111,506,544 
Cinedigm Corp. (b) 5,614 7,018 
Cinemark Holdings, Inc. 208,843 7,794,021 
Clear Channel Outdoor Holding, Inc. Class A 77,307 351,747 
Comcast Corp. Class A 8,885,843 328,687,333 
Daily Journal Corp. (a)(b) 644 153,562 
Discovery Communications, Inc.:   
Class A (a)(b) 319,936 8,903,819 
Class C (non-vtg.) (b) 640,780 16,429,599 
DISH Network Corp. Class A (b) 448,226 15,844,789 
E.W. Scripps Co. Class A 104,171 1,528,189 
Emmis Communications Corp. Class A (b) 1,993 10,124 
Entercom Communications Corp. Class A 253,845 1,992,683 
Entravision Communication Corp. Class A 112,796 592,179 
Fluent, Inc. (a)(b) 74,077 177,785 
Gannett Co., Inc. 225,017 2,313,175 
GCI Liberty, Inc. (b) 199,273 9,780,319 
Global Eagle Entertainment, Inc. (a)(b) 104,573 278,164 
Gray Television, Inc. (b) 155,347 2,710,805 
Harte-Hanks, Inc. (b) 4,548 39,067 
Hemisphere Media Group, Inc. (b) 12,793 175,264 
Insignia Systems, Inc. (b) 5,038 10,983 
Interpublic Group of Companies, Inc. 744,848 17,392,201 
John Wiley & Sons, Inc. Class A 90,167 5,820,280 
Lee Enterprises, Inc. (b) 85,702 244,251 
Liberty Broadband Corp.:   
Class A (b) 36,926 2,991,006 
Class C (b) 309,886 25,128,656 
Liberty Global PLC:   
Class A (b) 411,278 11,026,363 
Class C (b) 1,169,608 30,281,151 
Liberty Latin America Ltd. (b) 238,567 4,683,070 
Liberty Latin America Ltd. Class A (a)(b) 77,452 1,526,579 
Liberty Media Corp.:   
Liberty Braves Class A (b) 14,273 380,804 
Liberty Braves Class C (b) 76,194 2,024,475 
Liberty Formula One Group Series C (b) 402,255 14,867,345 
Liberty Media Class A (b) 46,551 1,628,354 
Liberty SiriusXM Series A (b) 131,422 6,142,664 
Liberty SiriusXM Series C (b) 365,783 17,206,432 
Lions Gate Entertainment Corp.:   
Class A (a) 145,390 3,419,573 
Class B 201,823 4,530,926 
Live Nation Entertainment, Inc. (b) 261,567 12,994,649 
LiveXLive Media, Inc. (a)(b) 25,647 130,030 
Loral Space & Communications Ltd. (b) 24,624 1,092,074 
Marcus Corp. 38,691 1,570,855 
Meredith Corp. 75,392 3,893,997 
MSG Network, Inc. Class A (a)(b) 116,814 2,838,580 
National CineMedia, Inc. 108,730 989,443 
New Media Investment Group, Inc. 138,364 2,199,988 
News Corp.:   
Class A 825,180 10,785,103 
Class B 150,998 2,053,573 
Nexstar Broadcasting Group, Inc. Class A 90,705 7,437,810 
Omnicom Group, Inc. (a) 439,557 30,470,091 
Reading International, Inc. Class A (b) 19,772 318,329 
RLJ Entertainment, Inc. (b) 5,726 35,788 
Saga Communications, Inc. Class A 3,882 147,516 
Salem Communications Corp. Class A 10,842 41,742 
Scholastic Corp. 52,798 2,219,628 
Sinclair Broadcast Group, Inc. Class A 143,587 4,156,844 
Sirius XM Holdings, Inc. (a) 2,832,370 20,109,827 
Social Reality, Inc. (a)(b) 7,116 30,883 
Tegna, Inc. 404,044 4,703,072 
The Madison Square Garden Co. (b) 32,008 9,664,496 
The McClatchy Co. Class A (a)(b) 6,072 54,648 
The New York Times Co. Class A (a) 260,178 6,062,147 
The Walt Disney Co. 2,876,969 322,278,067 
Townsquare Media, Inc. 1,285 11,475 
Tribune Media Co. Class A 137,277 5,064,149 
tronc, Inc. (b) 51,781 854,387 
Twenty-First Century Fox, Inc.:   
Class A 2,008,293 91,176,502 
Class B 878,618 39,449,948 
Urban One, Inc.:   
Class A (a)(b) 7,797 17,933 
Class D (non-vtg.) (b) 32,336 71,139 
Viacom, Inc. Class B (non-vtg.) 702,717 20,575,554 
World Wrestling Entertainment, Inc. Class A 75,130 6,567,113 
  1,324,504,193 
Multiline Retail - 0.4%   
Big Lots, Inc. (a) 84,039 3,617,879 
Dillard's, Inc. Class A (a) 40,152 3,155,144 
Dollar General Corp. 490,831 52,877,224 
Dollar Tree, Inc. (b) 457,955 36,869,957 
Fred's, Inc. Class A (a) 52,965 90,570 
JC Penney Corp., Inc. (a)(b) 587,373 1,039,650 
Kohl's Corp. 323,306 25,576,738 
Macy's, Inc. 591,490 21,618,960 
Nordstrom, Inc. 230,007 14,455,940 
Ollie's Bargain Outlet Holdings, Inc. (a)(b) 96,514 8,406,369 
Sears Holdings Corp. (a)(b) 98,150 131,521 
Target Corp. 1,036,338 90,679,575 
Tuesday Morning Corp. (a)(b) 61,992 189,076 
  258,708,603 
Specialty Retail - 2.3%   
Aaron's, Inc. Class A 121,761 6,053,957 
Abercrombie & Fitch Co. Class A 133,398 2,890,735 
Advance Auto Parts, Inc. 143,307 23,506,647 
America's Car Mart, Inc. (b) 12,295 1,026,018 
American Eagle Outfitters, Inc. 317,713 8,247,829 
Armstrong Flooring, Inc. (b) 44,365 776,831 
Asbury Automotive Group, Inc. (b) 40,476 3,015,462 
Ascena Retail Group, Inc. (a)(b) 349,700 1,601,626 
At Home Group, Inc. (b) 49,373 1,698,925 
AutoNation, Inc. (b) 112,063 5,082,057 
AutoZone, Inc. (b) 51,329 39,363,184 
Barnes & Noble Education, Inc. (b) 60,796 363,560 
Barnes & Noble, Inc. 136,068 714,357 
Bed Bath & Beyond, Inc. 260,771 4,678,232 
Best Buy Co., Inc. 474,196 37,727,034 
Big 5 Sporting Goods Corp. (a) 30,148 171,844 
Boot Barn Holdings, Inc. (a)(b) 56,571 1,693,170 
Build-A-Bear Workshop, Inc. (b) 20,831 191,645 
Burlington Stores, Inc. (b) 129,732 21,818,328 
Caleres, Inc. 81,369 3,293,817 
Camping World Holdings, Inc. (a) 60,852 1,260,245 
CarMax, Inc. (a)(b) 354,626 27,678,559 
Cars.com, Inc. (a)(b) 141,815 3,816,242 
Chico's FAS, Inc. 255,796 2,332,860 
Christopher & Banks Corp. (a)(b) 57,707 56,553 
Citi Trends, Inc. 26,292 813,474 
Conn's, Inc. (a)(b) 50,034 2,051,394 
Destination Maternity Corp. (b) 22,235 111,620 
Destination XL Group, Inc. (a)(b) 51,406 141,367 
Dick's Sporting Goods, Inc. 154,889 5,799,044 
DSW, Inc. Class A 144,844 4,817,511 
Express, Inc. (b) 161,303 1,809,820 
Five Below, Inc. (b) 105,680 12,308,550 
Floor & Decor Holdings, Inc. Class A (a)(b) 88,718 3,261,274 
Foot Locker, Inc. 229,516 11,315,139 
Francesca's Holdings Corp. (a)(b) 57,702 362,369 
GameStop Corp. Class A (a) 189,516 2,514,877 
Gap, Inc. 420,016 12,747,486 
Genesco, Inc. (a)(b) 38,400 1,952,640 
GNC Holdings, Inc. Class A (a)(b) 120,441 373,367 
Group 1 Automotive, Inc. 38,654 2,979,837 
Guess?, Inc. 114,124 2,796,038 
Haverty Furniture Companies, Inc. 37,183 821,744 
Hibbett Sports, Inc. (a)(b) 34,547 709,941 
Home Depot, Inc. 2,232,585 448,236,090 
Kirkland's, Inc. (a)(b) 21,240 193,072 
L Brands, Inc. 477,405 12,617,814 
Lithia Motors, Inc. Class A (sub. vtg.) (a) 46,519 4,019,242 
Lowe's Companies, Inc. 1,590,615 172,979,381 
Lumber Liquidators Holdings, Inc. (a)(b) 49,362 860,380 
MarineMax, Inc. (b) 36,815 828,338 
Michaels Companies, Inc. (b) 219,067 3,721,948 
Monro, Inc. (a) 70,777 5,021,628 
Murphy U.S.A., Inc. (b) 58,955 4,892,086 
New York & Co., Inc. (b) 45,085 205,137 
O'Reilly Automotive, Inc. (b) 158,023 53,004,075 
Office Depot, Inc. 1,052,572 3,526,116 
Party City Holdco, Inc. (a)(b) 63,433 973,697 
Penske Automotive Group, Inc. 71,056 3,739,677 
Pier 1 Imports, Inc. (a) 163,568 300,965 
Rent-A-Center, Inc. (b) 93,716 1,381,374 
RH (a)(b) 36,149 5,747,691 
Ross Stores, Inc. 729,785 69,898,807 
Sally Beauty Holdings, Inc. (a)(b) 228,422 3,517,699 
Sears Hometown & Outlet Stores, Inc. (a)(b) 10,000 30,000 
Shoe Carnival, Inc. 21,330 948,332 
Signet Jewelers Ltd. (a) 114,755 7,367,271 
Sleep Number Corp. (a)(b) 68,724 2,315,999 
Sonic Automotive, Inc. Class A (sub. vtg.) 52,893 1,137,200 
Sportsman's Warehouse Holdings, Inc. (a)(b) 85,108 485,967 
Stage Stores, Inc. (a) 38,699 81,268 
Stein Mart, Inc. (a)(b) 40,412 94,160 
Tailored Brands, Inc. (a) 94,987 2,235,994 
The Buckle, Inc. (a) 65,726 1,692,445 
The Cato Corp. Class A (sub. vtg.) 58,832 1,261,946 
The Children's Place Retail Stores, Inc. 32,586 4,586,480 
The Container Store Group, Inc. (b) 29,760 336,288 
Tiffany & Co., Inc. 196,681 24,122,925 
Tile Shop Holdings, Inc. 56,926 435,484 
Tilly's, Inc. 25,457 598,749 
TJX Companies, Inc. 1,214,266 133,532,832 
Tractor Supply Co. 236,298 20,860,387 
Trans World Entertainment Corp. (b) 2,977 2,769 
Ulta Beauty, Inc. (b) 110,358 28,693,080 
Urban Outfitters, Inc. (b) 151,625 7,047,530 
Vitamin Shoppe, Inc. (a)(b) 45,231 578,957 
Williams-Sonoma, Inc. (a) 147,711 10,373,744 
Winmark Corp. 3,398 506,982 
Zumiez, Inc. (b) 31,066 967,706 
  1,312,706,921 
Textiles, Apparel & Luxury Goods - 0.8%   
Carbon Black, Inc. (a) 27,353 692,851 
Carter's, Inc. 90,259 9,561,136 
Cherokee, Inc. (a)(b) 20,319 17,474 
Columbia Sportswear Co. 57,607 5,224,955 
Crocs, Inc. (a)(b) 126,644 2,616,465 
Culp, Inc. 13,004 329,651 
Deckers Outdoor Corp. (b) 58,429 7,118,989 
Delta Apparel, Inc. (b) 4,312 79,988 
Differential Brands Group, Inc. (a)(b) 30,760 148,263 
Emerald Expositions Events, Inc. 58,843 919,128 
Fossil Group, Inc. (a)(b) 83,664 1,896,663 
G-III Apparel Group Ltd. (b) 82,934 3,771,838 
Goosehead Insurance (a) 19,603 608,085 
Hanesbrands, Inc. (a) 689,492 12,093,690 
Iconix Brand Group, Inc. (a)(b) 101,691 35,592 
J.Jill, Inc. (b) 24,557 148,324 
Lakeland Industries, Inc. (b) 6,813 89,932 
lululemon athletica, Inc. (b) 183,774 28,472,106 
Michael Kors Holdings Ltd. (b) 289,686 21,036,997 
Movado Group, Inc. 39,217 1,670,644 
Newmark Group, Inc. 231,305 2,972,269 
NIKE, Inc. Class B 2,488,009 204,514,340 
Oxford Industries, Inc. 34,526 3,214,025 
Perry Ellis International, Inc. (b) 21,985 605,247 
PetIQ, Inc. Class A (a)(b) 18,886 739,576 
PVH Corp. 149,344 21,380,087 
Ralph Lauren Corp. 106,824 14,187,295 
Rocky Brands, Inc. 10,510 316,877 
Sequential Brands Group, Inc. (a)(b) 82,806 149,051 
Skechers U.S.A., Inc. Class A (sub. vtg.) (b) 260,590 7,682,193 
Steven Madden Ltd. 106,426 6,188,672 
Stitch Fix, Inc. (a)(b) 32,567 1,321,569 
Superior Group of Companies, Inc. 11,974 226,907 
Switch, Inc. Class A (a) 92,904 1,073,970 
Tapestry, Inc. 555,983 28,182,778 
TPG RE Finance Trust, Inc. 110,110 2,273,772 
Under Armour, Inc.:   
Class A (sub. vtg.) (a)(b) 376,747 7,704,476 
Class C (non-vtg.) (a)(b) 338,744 6,425,974 
Unifi, Inc. (b) 32,934 1,047,631 
Vera Bradley, Inc. (b) 29,957 439,170 
VF Corp. 636,388 58,630,426 
Vince Holding Corp. (b) 4,485 94,589 
Wolverine World Wide, Inc. 185,482 7,267,185 
  473,170,850 
TOTAL CONSUMER DISCRETIONARY  7,604,125,980 
CONSUMER STAPLES - 6.0%   
Beverages - 1.4%   
Boston Beer Co., Inc. Class A (b) 17,915 5,430,932 
Brown-Forman Corp.:   
Class A 46,010 2,421,966 
Class B (non-vtg.) 576,947 30,128,172 
Castle Brands, Inc. (a)(b) 173,742 199,803 
Celsius Holdings, Inc. (a)(b) 5,581 25,505 
Coca-Cola Bottling Co. Consolidated 9,702 1,645,071 
Constellation Brands, Inc. Class A (sub. vtg.) 325,717 67,814,279 
Craft Brew Alliance, Inc. (b) 14,306 271,099 
Keurig Dr. Pepper, Inc. 339,925 7,750,290 
MGP Ingredients, Inc. (a) 24,369 1,879,094 
Molson Coors Brewing Co. Class B 355,276 23,711,120 
Monster Beverage Corp. (b) 805,932 49,073,199 
National Beverage Corp. (a) 22,740 2,679,682 
New Age Beverages Corp. (a)(b) 33,316 49,308 
PepsiCo, Inc. 2,744,785 307,443,368 
Primo Water Corp. (b) 73,505 1,470,100 
REED'S, Inc. (a)(b) 1,830 6,039 
The Coca-Cola Co. 7,408,942 330,216,545 
  832,215,572 
Food & Staples Retailing - 1.3%   
Andersons, Inc. 52,768 2,155,573 
Casey's General Stores, Inc. 72,316 8,256,318 
Chefs' Warehouse Holdings (a)(b) 42,131 1,238,651 
Costco Wholesale Corp. 847,150 197,496,080 
Ingles Markets, Inc. Class A 27,092 973,957 
Kroger Co. 1,568,624 49,411,656 
Natural Grocers by Vitamin Cottage, Inc. (a)(b) 12,082 234,512 
Performance Food Group Co. (b) 173,233 5,734,012 
PriceSmart, Inc. 44,258 3,843,807 
Rite Aid Corp. (a)(b) 2,073,503 2,840,699 
Smart & Final Stores, Inc. (b) 46,551 325,857 
SpartanNash Co. 73,184 1,562,478 
Sprouts Farmers Market LLC (b) 232,354 6,150,410 
SUPERVALU, Inc. (b) 84,298 2,721,982 
Sysco Corp. 925,873 69,273,818 
United Natural Foods, Inc. (b) 95,946 3,407,042 
Village Super Market, Inc. Class A 10,106 294,893 
Walgreens Boots Alliance, Inc. 1,654,497 113,432,314 
Walmart, Inc. 2,801,224 268,525,333 
Weis Markets, Inc. (a) 34,945 1,628,088 
Welbilt, Inc. (b) 274,877 6,083,028 
  745,590,508 
Food Products - 1.1%   
Alico, Inc. 4,002 129,265 
Archer Daniels Midland Co. 1,082,838 54,575,035 
B&G Foods, Inc. Class A (a) 128,366 4,101,294 
Bunge Ltd. 273,076 17,744,478 
Cal-Maine Foods, Inc. 58,088 2,872,452 
Calavo Growers, Inc. (a) 30,246 3,201,539 
Campbell Soup Co. (a) 367,725 14,506,751 
Coffee Holding Co., Inc. (b) 3,401 17,379 
ConAgra Foods, Inc. 753,077 27,675,580 
Darling International, Inc. (b) 320,453 6,338,560 
Dean Foods Co. (a) 162,447 1,237,846 
Farmer Brothers Co. (a)(b) 27,261 790,569 
Flowers Foods, Inc. 375,117 7,558,608 
Fresh Del Monte Produce, Inc. 75,165 2,814,178 
Freshpet, Inc. (a)(b) 50,186 1,864,410 
General Mills, Inc. 1,142,077 52,546,963 
Hormel Foods Corp. (a) 525,328 20,566,591 
Hostess Brands, Inc. Class A (a)(b) 143,616 1,688,924 
Ingredion, Inc. 139,347 14,083,801 
J&J Snack Foods Corp. 28,653 4,169,012 
John B. Sanfilippo & Son, Inc. 17,222 1,258,412 
Kellogg Co. 482,493 34,638,172 
Lamb Weston Holdings, Inc. 279,395 18,887,102 
Lancaster Colony Corp. 37,363 5,838,716 
Landec Corp. (b) 37,230 500,744 
Lifeway Foods, Inc. (b) 1,962 7,063 
Limoneira Co. 27,146 837,454 
McCormick & Co., Inc. (non-vtg.) (a) 238,025 29,724,562 
Mondelez International, Inc. 2,848,224 121,676,129 
nLIGHT, Inc. (b) 16,268 501,217 
Pilgrim's Pride Corp. (a)(b) 106,035 1,960,587 
Pinnacle Foods, Inc. 228,760 15,194,239 
Post Holdings, Inc. (a)(b) 132,122 12,850,186 
Sanderson Farms, Inc. (a) 41,809 4,421,720 
Seaboard Corp. 559 2,059,792 
Seneca Foods Corp. Class A (b) 10,446 337,406 
The Hain Celestial Group, Inc. (b) 195,834 5,593,019 
The Hershey Co. 267,220 26,860,954 
The J.M. Smucker Co. (a) 217,711 22,506,963 
The Kraft Heinz Co. 1,157,959 67,474,271 
The Simply Good Foods Co. (a)(b) 130,919 2,356,542 
Tootsie Roll Industries, Inc. (a) 48,416 1,394,381 
TreeHouse Foods, Inc. (a)(b) 111,858 5,827,802 
Tyson Foods, Inc. Class A 573,631 36,029,763 
  657,220,431 
Household Products - 1.2%   
Central Garden & Pet Co. Class A (non-vtg.) (b) 103,595 3,763,606 
Church & Dwight Co., Inc. 469,221 26,548,524 
Clorox Co. 250,024 36,248,480 
Colgate-Palmolive Co. 1,690,893 112,292,204 
Energizer Holdings, Inc. 112,990 7,185,034 
Funko, Inc. (a)(b) 28,105 714,429 
Kimberly-Clark Corp. 676,991 78,219,540 
Oil-Dri Corp. of America 2,105 85,568 
Orchids Paper Products Co. (a)(b) 12,438 45,647 
Procter & Gamble Co. 4,860,945 403,215,388 
Spectrum Brands Holdings, Inc. (a) 90,795 7,885,546 
WD-40 Co. (a) 27,338 4,851,128 
  681,055,094 
Personal Products - 0.2%   
Avon Products, Inc. (a)(b) 847,443 1,694,886 
Coty, Inc. Class A 914,076 11,297,979 
Cyanotech Corp. (b) 2,300 8,280 
Edgewell Personal Care Co. (a)(b) 107,191 6,053,076 
elf Beauty, Inc. (a)(b) 38,054 528,570 
Estee Lauder Companies, Inc. Class A 432,535 60,606,804 
Herbalife Nutrition Ltd. (b) 221,367 12,527,159 
Inter Parfums, Inc. 36,672 2,394,682 
LifeVantage Corp. (b) 19,206 241,227 
Mannatech, Inc. 599 11,291 
MediFast, Inc. 21,194 4,848,128 
Natural Health Trends Corp. (a) 11,452 303,134 
Nature's Sunshine Products, Inc. (b) 6,985 62,865 
Nu Skin Enterprises, Inc. Class A 109,672 8,729,891 
Revlon, Inc. (a)(b) 25,388 552,189 
USANA Health Sciences, Inc. (b) 25,519 3,367,232 
Veru, Inc. (b) 11,731 23,345 
  113,250,738 
Tobacco - 0.8%   
22nd Century Group, Inc. (a)(b) 193,301 523,846 
Alliance One International, Inc. (a)(b) 16,429 290,793 
Altria Group, Inc. 3,658,356 214,086,993 
Philip Morris International, Inc. (a) 3,008,825 234,357,379 
Turning Point Brands, Inc. 13,210 444,649 
Universal Corp. 48,780 2,917,044 
Vector Group Ltd. (a) 224,341 3,484,016 
  456,104,720 
TOTAL CONSUMER STAPLES  3,485,437,063 
ENERGY - 5.6%   
Energy Equipment & Services - 0.8%   
ACM Research, Inc. (a)(b) 10,379 146,448 
Archrock, Inc. 242,413 3,066,524 
Aspen Aerogels, Inc. (b) 9,858 47,713 
Baker Hughes, a GE Co. Class A (a) 801,830 26,436,335 
Basic Energy Services, Inc. (b) 42,877 379,890 
Bristow Group, Inc. (a)(b) 59,922 656,745 
C&J Energy Services, Inc. (b) 129,736 2,717,969 
Carbo Ceramics, Inc. (a)(b) 36,697 317,429 
Core Laboratories NV (a) 87,182 9,986,698 
Dawson Geophysical Co. 23,761 147,318 
Diamond Offshore Drilling, Inc. (a)(b) 137,256 2,391,000 
Dril-Quip, Inc. (a)(b) 70,873 3,731,463 
ENGlobal Corp. (b) 5,637 5,862 
Ensco PLC Class A (a) 839,272 5,740,620 
Enservco Corp. (b) 20,536 13,556 
Era Group, Inc. (b) 33,138 395,668 
Exterran Corp. (b) 64,985 1,779,939 
Forum Energy Technologies, Inc. (b) 145,804 1,742,358 
Frank's International NV (a) 132,102 1,166,461 
FTS International, Inc. (b) 53,091 585,594 
Geospace Technologies Corp. (b) 25,924 366,306 
Gulf Island Fabrication, Inc. 22,854 215,970 
GulfMark Offshore, Inc. (b) 3,372 123,078 
Halliburton Co. 1,685,224 67,223,585 
Helix Energy Solutions Group, Inc. (b) 271,820 2,544,235 
Helmerich & Payne, Inc. 210,015 13,770,684 
Hornbeck Offshore Services, Inc. (b) 51,518 227,194 
Independence Contract Drilling, Inc. (b) 45,769 200,011 
ION Geophysical Corp. (a)(b) 19,328 346,938 
Key Energy Services, Inc. (b) 13,975 186,706 
Liberty Oilfield Services, Inc. Class A (a) 24,986 490,725 
Mammoth Energy Services, Inc. 21,777 598,432 
Matrix Service Co. (b) 47,813 999,292 
McDermott International, Inc. (a)(b) 349,179 6,753,122 
Mitcham Industries, Inc. (b) 23,287 93,148 
Nabors Industries Ltd. 664,054 4,097,213 
National Oilwell Varco, Inc. 740,374 34,849,404 
Natural Gas Services Group, Inc. (b) 21,602 477,404 
NCS Multistage Holdings, Inc. (a)(b) 41,493 675,091 
Newpark Resources, Inc. (b) 184,008 1,932,084 
Noble Corp. (a)(b) 468,541 2,858,100 
Oceaneering International, Inc. (a) 195,230 5,519,152 
Oil States International, Inc. (b) 113,918 3,856,124 
Parker Drilling Co. (a)(b) 12,021 47,363 
Patterson-UTI Energy, Inc. 419,954 7,193,812 
PHI, Inc. (non-vtg.) (b) 18,377 149,773 
Pioneer Energy Services Corp. (b) 156,417 500,534 
Profire Energy, Inc. (a)(b) 41,596 118,549 
Quintana Energy Services, Inc. (b) 2,698 21,125 
Ranger Energy Services, Inc. Class A 4,519 37,734 
RigNet, Inc. (b) 17,672 288,054 
Rowan Companies PLC (b) 235,223 3,302,531 
RPC, Inc. (a) 112,587 1,540,190 
Schlumberger Ltd. 2,683,559 169,493,586 
SEACOR Holdings, Inc. (b) 35,706 1,837,074 
SEACOR Marine Holdings, Inc. (a)(b) 30,560 625,869 
Smart Sand, Inc. (a)(b) 41,295 205,649 
Solaris Oilfield Infrastructure, Inc. Class A (a)(b) 42,266 727,821 
Superior Energy Services, Inc. (b) 304,963 2,744,667 
Synthesis Energy Systems, Inc. (a)(b) 17,261 43,153 
TechnipFMC PLC 836,314 25,616,298 
TETRA Technologies, Inc. (b) 232,409 1,066,757 
Tidewater, Inc. (a)(b) 49,250 1,576,000 
Transocean Ltd. (United States) (a)(b) 847,118 10,258,599 
U.S. Silica Holdings, Inc. (a) 151,843 3,217,553 
Unit Corp. (b) 111,239 2,924,473 
Weatherford International PLC (a)(b) 1,940,346 4,695,637 
  448,092,389 
Oil, Gas & Consumable Fuels - 4.8%   
Abraxas Petroleum Corp. (b) 314,017 706,538 
Adams Resources & Energy, Inc. 2,090 95,931 
Aemetis, Inc. (b) 10,055 12,468 
Alta Mesa Resources, Inc. Class A (a)(b) 252,424 1,196,490 
Amyris, Inc. (b) 57,217 513,236 
Anadarko Petroleum Corp. 994,044 64,016,434 
Andeavor 268,435 41,014,184 
Antero Resources Corp. (a)(b) 422,093 7,812,941 
Apache Corp. (a) 746,316 32,711,030 
Approach Resources, Inc. (a)(b) 78,465 169,484 
Arch Coal, Inc. 42,349 3,755,086 
Barnwell Industries, Inc. (b) 2,847 5,552 
Bonanza Creek Energy, Inc. (b) 37,069 1,149,139 
Cabot Oil & Gas Corp. 871,957 20,778,735 
California Resources Corp. (a)(b) 88,597 3,680,319 
Callon Petroleum Co. (a)(b) 420,739 4,754,351 
Carrizo Oil & Gas, Inc. (b) 172,025 4,166,446 
Centennial Resource Development, Inc. Class A (a)(b) 344,528 6,639,055 
Cheniere Energy, Inc. (b) 401,045 26,841,942 
Chesapeake Energy Corp. (a)(b) 1,742,599 7,719,714 
Chevron Corp. 3,702,458 438,593,175 
Cimarex Energy Co. 183,774 15,525,228 
Clean Energy Fuels Corp. (b) 297,103 817,033 
Cloud Peak Energy, Inc. (b) 152,269 359,355 
CNX Resources Corp. (b) 384,888 6,135,115 
Comstock Resources, Inc. (b) 24,083 233,123 
Concho Resources, Inc. (b) 367,017 50,336,382 
ConocoPhillips Co. 2,262,000 166,098,660 
CONSOL Energy, Inc. (b) 46,254 1,984,297 
Contango Oil & Gas Co. (b) 51,306 350,420 
Continental Resources, Inc. (a)(b) 166,423 10,975,597 
CVR Energy, Inc. 55,713 2,119,880 
Delek U.S. Holdings, Inc. 145,396 7,924,082 
Denbury Resources, Inc. (a)(b) 776,911 4,327,394 
Devon Energy Corp. 1,010,875 43,396,864 
Diamondback Energy, Inc. (a) 190,782 23,099,885 
Dorian Lpg Ltd. (b) 58,912 448,909 
Earthstone Energy, Inc. (b) 37,545 314,627 
Eclipse Resources Corp. (a)(b) 169,538 242,439 
Energen Corp. (b) 189,530 14,698,052 
Energy XXI Gulf Coast, Inc. (b) 77,532 701,665 
EOG Resources, Inc. 1,119,898 132,405,541 
EP Energy Corp. (a)(b) 91,298 159,772 
EQT Corp. 487,292 24,861,638 
Evolution Petroleum Corp. 53,534 538,017 
Extraction Oil & Gas, Inc. (a)(b) 258,177 2,981,944 
Exxon Mobil Corp. 8,197,875 657,223,639 
Gastar Exploration, Inc. (a)(b) 285,601 22,591 
Gevo, Inc. (b) 391 1,505 
Goodrich Petroleum Corp. (b) 2,143 29,981 
Green Plains, Inc. 92,023 1,633,408 
Gulfport Energy Corp. (b) 315,474 3,709,974 
Halcon Resources Corp. (a)(b) 292,167 1,338,125 
Hallador Energy Co. 29,822 182,212 
Hess Corp. 507,504 34,175,319 
Highpoint Resources, Inc. (b) 185,582 1,022,557 
HollyFrontier Corp. 340,082 25,342,911 
Houston American Energy Corp. (a)(b) 36,485 8,209 
International Seaways, Inc. (b) 72,136 1,480,231 
Isramco, Inc. (b) 123 14,354 
Jagged Peak Energy, Inc. (a)(b) 69,960 924,172 
Jones Energy, Inc. (a)(b) 91,542 30,209 
Kinder Morgan, Inc. 3,693,070 65,367,339 
Kosmos Energy Ltd. (b) 461,148 4,168,778 
Laredo Petroleum, Inc. (a)(b) 240,236 1,991,556 
Lilis Energy, Inc. (b) 59,171 314,790 
Lonestar Resources U.S., Inc. (b) 34,550 314,060 
Marathon Oil Corp. 1,650,620 35,504,836 
Marathon Petroleum Corp. (a) 894,111 73,576,394 
Matador Resources Co. (b) 204,200 6,685,508 
Midstates Petroleum Co., Inc. (b) 45,703 531,526 
Murphy Oil Corp. 318,754 9,827,186 
NACCO Industries, Inc. Class A 7,854 276,068 
Newfield Exploration Co. (b) 385,018 10,503,291 
Nextdecade Corp. (b) 29,373 199,443 
Nine Energy Service, Inc. (b) 17,673 529,837 
Noble Energy, Inc. 938,001 27,877,390 
Northern Oil & Gas, Inc. (a)(b) 401,909 1,386,586 
Oasis Petroleum, Inc. (b) 513,906 6,917,175 
Occidental Petroleum Corp. 1,480,195 118,223,175 
ONEOK, Inc. 793,898 52,325,817 
Overseas Shipholding Group, Inc. (b) 80,103 274,753 
Pacific Ethanol, Inc. (b) 51,285 94,877 
Panhandle Royalty Co. Class A 32,305 602,488 
Par Pacific Holdings, Inc. (b) 53,028 1,076,999 
Parsley Energy, Inc. Class A (b) 491,333 13,644,317 
PBF Energy, Inc. Class A 226,592 11,764,657 
PDC Energy, Inc. (b) 129,015 6,797,800 
Peabody Energy Corp. 196,719 8,126,462 
Penn Virginia Corp. (b) 26,001 2,312,529 
Phillips 66 Co. 811,254 96,141,712 
Pioneer Natural Resources Co. 330,465 57,732,236 
QEP Resources, Inc. (b) 446,077 4,447,388 
Ramaco Resources, Inc. (b) 3,779 30,043 
Range Resources Corp. (a) 439,535 7,217,165 
Renewable Energy Group, Inc. (a)(b) 62,786 1,692,083 
Resolute Energy Corp. (a)(b) 38,744 1,277,002 
Rex American Resources Corp. (b) 10,566 851,408 
Ring Energy, Inc. (b) 109,353 1,290,365 
Sanchez Energy Corp. (a)(b) 123,254 324,158 
SandRidge Energy, Inc. (b) 72,603 1,151,484 
SemGroup Corp. Class A 145,251 3,515,074 
SilverBow Resources, Inc. (b) 10,559 325,851 
SM Energy Co. 199,361 5,998,772 
Southwestern Energy Co. (a)(b) 981,701 5,517,160 
SRC Energy, Inc. (a)(b) 511,242 4,759,663 
Talos Energy, Inc. (a)(b) 44,486 1,535,657 
Targa Resources Corp. 423,778 23,337,454 
Tellurian, Inc. (a)(b) 177,746 1,718,804 
Tengasco, Inc. (b) 1,261 1,374 
The Williams Companies, Inc. 2,295,420 67,921,478 
Torchlight Energy Resources, Inc. (a)(b) 92,571 108,308 
TransAtlantic Petroleum Ltd. (b) 18,382 31,801 
U.S. Energy Corp. (b) 2,263 2,111 
Ultra Petroleum Corp. (a)(b) 342,191 448,270 
Uranium Energy Corp. (a)(b) 246,510 421,532 
VAALCO Energy, Inc. (b) 93,861 227,144 
Valero Energy Corp. 832,451 98,129,324 
Vertex Energy, Inc. (b) 17,824 22,815 
W&T Offshore, Inc. (b) 182,009 1,232,201 
Westwater Resources, Inc. (b) 2,190 482 
Whiting Petroleum Corp. (b) 173,178 8,816,492 
WildHorse Resource Development Corp. (a)(b) 44,975 977,757 
World Fuel Services Corp. 131,814 3,694,746 
WPX Energy, Inc. (b) 763,651 14,562,825 
Zion Oil & Gas, Inc. (a)(b) 91,553 169,373 
  2,781,354,715 
TOTAL ENERGY  3,229,447,104 
FINANCIALS - 14.2%   
Banks - 6.3%   
1st Source Corp. 36,318 2,033,445 
Access National Corp. 21,459 582,397 
ACNB Corp. 3,789 135,646 
Allegiance Bancshares, Inc. (b) 20,938 932,788 
American National Bankshares, Inc. 2,748 113,080 
Ameris Bancorp 90,826 4,509,511 
Ames National Corp. 2,652 80,223 
Arrow Financial Corp. 18,251 718,177 
Associated Banc-Corp. 344,650 9,391,713 
Atlantic Capital Bancshares, Inc. (b) 43,769 798,784 
Banc of California, Inc. 80,001 1,612,020 
BancFirst Corp. 35,422 2,259,924 
Bancorp, Inc., Delaware (b) 97,581 978,737 
BancorpSouth Bank 160,679 5,591,629 
Bank of America Corp. 18,232,836 563,941,617 
Bank of Commerce Holdings 29,023 374,397 
Bank of Hawaii Corp. 99,587 8,278,667 
Bank of Marin Bancorp 9,794 863,341 
Bank of the Ozarks, Inc. 240,055 9,712,625 
BankUnited, Inc. 207,169 8,036,086 
Banner Corp. 61,987 3,987,624 
Bar Harbor Bankshares 27,763 817,620 
BB&T Corp. 1,511,868 78,103,101 
BCB Bancorp, Inc. 17,750 263,588 
Berkshire Hills Bancorp, Inc. 73,022 3,085,180 
Blue Hills Bancorp, Inc. 49,471 1,137,833 
BOK Financial Corp. (a) 55,786 5,720,854 
Boston Private Financial Holdings, Inc. 170,375 2,461,919 
Bridge Bancorp, Inc. 53,457 1,870,995 
Brookline Bancorp, Inc., Delaware 166,351 3,019,271 
Bryn Mawr Bank Corp. 36,473 1,779,882 
Byline Bancorp, Inc. (b) 33,722 769,873 
C & F Financial Corp. 2,353 146,592 
Cadence Bancorp Class A 130,194 3,677,981 
Cambridge Bancorp 6,912 618,831 
Camden National Corp. 25,093 1,147,754 
Capital City Bank Group, Inc. 8,375 205,355 
Carolina Financial Corp. 39,610 1,629,952 
Cathay General Bancorp 153,714 6,502,102 
CB Financial Services, Inc. 603 19,356 
CBTX, Inc. 7,433 271,825 
Centerstate Banks of Florida, Inc. 112,474 3,443,954 
Central Pacific Financial Corp. 60,455 1,712,690 
Central Valley Community Bancorp 4,570 98,758 
Century Bancorp, Inc. Class A (non-vtg.) 1,470 104,738 
Chemical Financial Corp. 146,142 8,347,631 
CIT Group, Inc. 226,547 12,287,909 
Citigroup, Inc. 4,939,098 351,861,342 
Citizens & Northern Corp. 8,777 245,844 
Citizens Financial Group, Inc. 931,050 38,322,018 
City Holding Co. 28,334 2,297,321 
Civista Bancshares, Inc. (a) 10,636 253,988 
CNB Financial Corp., Pennsylvania 22,243 685,752 
CoBiz, Inc. 67,032 1,545,088 
Columbia Banking Systems, Inc. 148,473 6,272,984 
Comerica, Inc. 326,819 31,858,316 
Commerce Bancshares, Inc. 203,445 14,456,802 
Community Bank System, Inc. 104,083 6,883,009 
Community Bankers Trust Corp. (b) 24,176 218,793 
Community Financial Corp. 3,879 129,171 
Community Trust Bancorp, Inc. 33,336 1,646,798 
ConnectOne Bancorp, Inc. 58,487 1,441,705 
Cullen/Frost Bankers, Inc. 121,517 13,475,020 
Customers Bancorp, Inc. (b) 55,994 1,383,052 
CVB Financial Corp. 206,313 4,961,828 
Eagle Bancorp, Inc. (b) 65,114 3,506,389 
East West Bancorp, Inc. 276,842 17,549,014 
Enterprise Bancorp, Inc. 15,551 559,369 
Enterprise Financial Services Corp. 42,931 2,417,015 
Equity Bancshares, Inc. (b) 26,482 1,074,904 
Evans Bancorp, Inc. 6,302 299,660 
Farmers & Merchants Bancorp, Inc. 18,588 845,568 
Farmers National Banc Corp. 66,489 1,053,851 
FCB Financial Holdings, Inc. Class A (b) 85,791 4,443,974 
Fidelity Southern Corp. 39,911 969,837 
Fifth Third Bancorp 1,317,810 38,783,148 
Financial Institutions, Inc. 23,952 773,650 
First Bancorp, North Carolina 56,302 2,348,919 
First Bancorp, Puerto Rico (b) 339,786 2,973,128 
First Bancshares, Inc. 18,277 750,271 
First Bank Hamilton New Jersey 19,927 284,956 
First Busey Corp. 89,914 2,881,744 
First Business Finance Services, Inc. 4,840 107,254 
First Choice Bancorp (a) 11,848 321,673 
First Citizen Bancshares, Inc. 17,547 8,335,000 
First Commonwealth Financial Corp. 293,672 4,919,006 
First Community Bancshares, Inc. 16,138 541,753 
First Community Corp. 3,993 100,424 
First Connecticut Bancorp, Inc. 24,108 764,224 
First Financial Bancorp, Ohio 203,721 6,396,839 
First Financial Bankshares, Inc. (a) 141,084 8,521,474 
First Financial Corp., Indiana 19,844 1,020,974 
First Financial Northwest, Inc. 4,251 74,222 
First Foundation, Inc. (b) 55,932 904,980 
First Hawaiian, Inc. 172,644 5,004,950 
First Horizon National Corp. 627,383 11,556,395 
First Internet Bancorp 13,171 414,228 
First Interstate Bancsystem, Inc. 47,490 2,205,911 
First Merchants Corp. 86,573 4,165,893 
First Mid-Illinois Bancshares, Inc. 15,730 646,346 
First Midwest Bancorp, Inc., Delaware 205,561 5,587,148 
First Northwest Bancorp (b) 5,375 89,978 
First of Long Island Corp. 41,744 910,019 
First Republic Bank 311,307 31,625,678 
First United Corp. 8,652 174,338 
Flushing Financial Corp. 54,005 1,399,810 
FNB Corp., Pennsylvania 709,792 9,546,702 
Franklin Financial Network, Inc. (b) 20,997 811,534 
Fulton Financial Corp. 371,843 6,767,543 
German American Bancorp, Inc. 39,052 1,467,965 
Glacier Bancorp, Inc. 160,846 7,347,445 
Great Southern Bancorp, Inc. 24,910 1,477,163 
Great Western Bancorp, Inc. 113,857 4,957,334 
Green Bancorp, Inc. 56,100 1,346,400 
Guaranty Bancorp 49,165 1,536,406 
Guaranty Bancshares, Inc. Texas 2,629 82,682 
Hancock Whitney Corp. 162,816 8,393,165 
Hanmi Financial Corp. 61,810 1,613,241 
HarborOne Bancorp, Inc. (b) 47,994 945,962 
Heartland Financial U.S.A., Inc. 59,340 3,607,872 
Heritage Commerce Corp. 73,335 1,161,626 
Heritage Financial Corp., Washington 64,195 2,330,279 
Hilltop Holdings, Inc. 152,809 3,170,787 
Home Bancshares, Inc. 351,965 8,239,501 
HomeTrust Bancshares, Inc. (b) 28,372 817,114 
Hope Bancorp, Inc. 265,233 4,644,230 
Horizon Bancorp, Inc. Indiana 110,052 2,248,362 
Howard Bancorp, Inc. (b) 9,598 167,485 
Huntington Bancshares, Inc. 2,130,346 34,532,909 
IBERIABANK Corp. 109,468 9,485,402 
Independent Bank Corp. 42,453 1,059,202 
Independent Bank Corp., Massachusetts 57,790 5,264,669 
Independent Bank Group, Inc. 38,579 2,671,596 
International Bancshares Corp. 113,872 5,334,903 
Investar Holding Corp. 8,384 230,141 
Investors Bancorp, Inc. 516,646 6,613,069 
JPMorgan Chase & Co. 6,584,233 754,421,417 
KeyCorp 2,062,964 43,466,651 
Lakeland Bancorp, Inc. 83,017 1,602,228 
Lakeland Financial Corp. 50,591 2,492,619 
LegacyTexas Financial Group, Inc. 83,607 3,868,496 
Live Oak Bancshares, Inc. (a) 47,360 1,432,640 
Luther Burbank Corp. 30,837 351,542 
M&T Bank Corp. 281,584 49,882,606 
Macatawa Bank Corp. 24,767 308,844 
Mackinac Financial Corp. 1,739 28,433 
MB Financial, Inc. 163,929 7,943,999 
MBT Financial Corp. 19,637 215,025 
Mercantile Bank Corp. 25,655 908,444 
Merchants Bancorp/IN 14,909 389,274 
Metropolitan Bank Holding Corp. (b) 4,468 184,260 
Middlefield Banc Corp. 407 20,187 
Midland States Bancorp, Inc. 35,184 1,211,385 
Midsouth Bancorp, Inc. 23,289 357,486 
MidWestOne Financial Group, Inc. 15,589 522,855 
MutualFirst Financial, Inc. 20,181 766,878 
National Bank Holdings Corp. 64,357 2,583,934 
National Bankshares, Inc. 6,356 292,376 
National Commerce Corp. (b) 28,066 1,234,904 
NBT Bancorp, Inc. 92,219 3,733,025 
Nicolet Bankshares, Inc. (b) 10,757 595,508 
Northeast Bancorp 10,393 226,567 
Northrim Bancorp, Inc. 7,659 341,208 
Norwood Financial Corp. (a) 7,600 298,224 
OFG Bancorp (a) 84,264 1,365,077 
Ohio Valley Banc Corp. 4,212 177,536 
Old Line Bancshares, Inc. 18,401 629,314 
Old National Bancorp, Indiana 272,863 5,539,119 
Old Point Financial Corp. 1,881 50,035 
Old Second Bancorp, Inc. 47,209 729,379 
Opus Bank 31,202 884,577 
Origin Bancorp, Inc. 11,465 464,562 
Orrstown Financial Services, Inc. 6,508 169,533 
Pacific Mercantile Bancorp (b) 10,321 104,242 
Pacific Premier Bancorp, Inc. (b) 71,645 2,833,560 
PacWest Bancorp 249,776 12,611,190 
Park National Corp. 28,727 3,164,279 
Parke Bancorp, Inc. 2,161 49,811 
PCSB Financial Corp. 61,717 1,266,433 
Peapack-Gladstone Financial Corp. 31,072 1,038,116 
Penns Woods Bancorp, Inc. 3,854 174,509 
People's Utah Bancorp 31,031 1,121,771 
Peoples Bancorp of North Carolina 4,241 129,435 
Peoples Bancorp, Inc. 36,511 1,309,284 
Peoples Financial Services Corp. 12,111 556,864 
Peoples United Financial, Inc. (a) 659,838 12,213,601 
Pinnacle Financial Partners, Inc. 140,084 9,042,422 
PNC Financial Services Group, Inc. 909,698 130,578,051 
Popular, Inc. 204,979 10,318,643 
Preferred Bank, Los Angeles 26,157 1,601,070 
Premier Financial Bancorp, Inc. 6,971 135,935 
Prosperity Bancshares, Inc. 133,535 9,993,759 
QCR Holdings, Inc. 31,102 1,352,937 
Regions Financial Corp. 2,158,623 42,006,804 
Reliant Bancorp, Inc. 9,372 258,199 
Renasant Corp. 91,081 4,252,572 
Republic Bancorp, Inc., Kentucky Class A 18,205 884,945 
Republic First Bancorp, Inc. (b) 116,122 905,752 
S&T Bancorp, Inc. 72,150 3,366,519 
Sandy Spring Bancorp, Inc. 64,813 2,527,707 
Sb One Bancorp 5,379 149,536 
Seacoast Banking Corp., Florida (b) 89,289 2,823,318 
ServisFirst Bancshares, Inc. 88,788 3,826,763 
Shore Bancshares, Inc. 8,325 156,427 
Sierra Bancorp 11,641 345,388 
Signature Bank 106,700 12,349,458 
Simmons First National Corp. Class A 162,360 5,130,576 
SmartFinancial, Inc. (b) 7,194 176,829 
South State Corp. 78,685 6,487,578 
Southern First Bancshares, Inc. (b) 5,767 239,907 
Southern National Bancorp of Virginia, Inc. 38,866 682,098 
Southside Bancshares, Inc. 58,795 2,093,102 
State Bank Financial Corp. 77,921 2,538,666 
Sterling Bancorp 417,699 9,544,422 
Stock Yards Bancorp, Inc. 42,120 1,630,044 
Summit Financial Group, Inc. 7,690 193,788 
SunTrust Banks, Inc. 895,304 65,858,562 
SVB Financial Group (b) 101,960 32,907,590 
Synovus Financial Corp. 230,632 11,545,438 
TCF Financial Corp. 339,227 8,599,404 
Texas Capital Bancshares, Inc. (b) 94,840 8,431,276 
The Bank of Princeton 8,000 263,200 
The First Bancorp, Inc. 17,759 519,984 
Tompkins Financial Corp. 24,657 2,166,611 
TowneBank 136,261 4,442,109 
Trico Bancshares 52,436 2,038,712 
TriState Capital Holdings, Inc. (b) 45,938 1,366,656 
Triumph Bancorp, Inc. (b) 42,149 1,789,225 
Trustmark Corp. 144,879 5,140,307 
Two River Bancorp 3,500 59,710 
U.S. Bancorp 3,031,284 164,022,777 
UMB Financial Corp. 85,559 6,437,459 
Umpqua Holdings Corp. 414,883 8,878,496 
Union Bankshares Corp. 104,822 4,360,595 
Union Bankshares, Inc. 1,824 95,760 
United Bankshares, Inc., West Virginia (a) 204,098 8,041,461 
United Community Bank, Inc. 153,700 4,663,258 
United Security Bancshares, California 5,985 66,434 
Unity Bancorp, Inc. 5,913 144,277 
Univest Corp. of Pennsylvania 62,745 1,788,233 
Valley National Bancorp 559,166 6,737,950 
Veritex Holdings, Inc. (b) 31,035 950,292 
Washington Trust Bancorp, Inc. 28,271 1,696,260 
Webster Financial Corp. 186,178 12,172,318 
Wells Fargo & Co. 8,488,979 496,435,492 
WesBanco, Inc. 113,831 5,617,560 
West Bancorp., Inc. 59,222 1,430,211 
Westamerica Bancorp. (a) 55,111 3,528,757 
Western Alliance Bancorp. (b) 198,761 11,458,572 
Wintrust Financial Corp. 115,693 10,244,615 
Zions Bancorporation (a) 371,767 19,811,463 
  3,662,860,890 
Capital Markets - 2.7%   
Affiliated Managers Group, Inc. 105,675 15,438,061 
Ameriprise Financial, Inc. 279,840 39,726,086 
Arlington Asset Investment Corp. (a) 57,340 583,148 
Artisan Partners Asset Management, Inc. 93,464 3,098,332 
Ashford, Inc. 1,254 114,603 
Associated Capital Group, Inc. 6,083 227,504 
B. Riley Financial, Inc. 27,353 626,384 
Bank of New York Mellon Corp. 1,955,270 101,967,331 
BGC Partners, Inc. Class A 505,535 6,278,745 
BlackRock, Inc. Class A 238,101 114,064,665 
Blucora, Inc. (b) 88,148 3,190,958 
Brighthouse Financial, Inc. (b) 228,459 9,483,333 
Cboe Global Markets, Inc. 218,384 22,013,107 
Charles Schwab Corp. 2,323,120 117,991,265 
CME Group, Inc. 660,444 115,399,380 
Cohen & Co., Inc. (a) 688 6,680 
Cohen & Steers, Inc. 44,690 1,857,763 
Cowen Group, Inc. Class A (a)(b) 62,267 946,458 
Diamond Hill Investment Group, Inc. 6,333 1,181,674 
E*TRADE Financial Corp. (b) 503,457 29,633,479 
Eaton Vance Corp. (non-vtg.) 232,580 12,263,943 
Evercore, Inc. Class A 78,707 8,354,748 
FactSet Research Systems, Inc. 74,889 17,178,788 
Federated Investors, Inc. Class B (non-vtg.) 183,966 4,260,653 
Franklin Resources, Inc. 629,432 19,978,172 
Gain Capital Holdings, Inc. 33,946 250,182 
GAMCO Investors, Inc. Class A 6,919 178,856 
Goldman Sachs Group, Inc. 679,048 161,484,405 
Great Elm Capital Group, Inc. (b) 8,360 25,916 
Greenhill & Co., Inc. 46,751 1,285,653 
Hamilton Lane, Inc. Class A 41,047 2,002,273 
Houlihan Lokey 64,542 3,035,410 
Interactive Brokers Group, Inc. 140,548 8,736,464 
IntercontinentalExchange, Inc. 1,120,668 85,428,522 
INTL FCStone, Inc. (b) 29,684 1,655,180 
Invesco Ltd. 799,281 19,262,672 
Investment Technology Group, Inc. 64,820 1,418,262 
Janus Henderson Group PLC 347,666 9,821,565 
Ladenburg Thalmann Financial Services, Inc. 156,020 538,269 
Lazard Ltd. Class A 257,133 12,378,383 
Legg Mason, Inc. 170,788 5,328,586 
LPL Financial 171,304 11,347,177 
Manning & Napier, Inc. Class A 21,800 63,220 
MarketAxess Holdings, Inc. 73,407 13,934,117 
Moelis & Co. Class A 94,020 5,457,861 
Moody's Corp. 324,244 57,721,917 
Morgan Stanley 2,628,148 128,332,467 
Morningstar, Inc. 38,287 5,449,006 
MSCI, Inc. 171,311 30,880,521 
Northern Trust Corp. 409,432 43,997,563 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 19,317 602,690 
Piper Jaffray Companies 27,505 2,117,885 
PJT Partners, Inc. 43,421 2,514,944 
Pzena Investment Management, Inc. 7,036 63,887 
Raymond James Financial, Inc. 249,930 23,253,487 
S&P Global, Inc. 485,690 100,562,115 
Safeguard Scientifics, Inc. (b) 29,758 306,507 
SEI Investments Co. 261,551 16,498,637 
Silvercrest Asset Management Group Class A 6,008 95,227 
State Street Corp. 709,528 61,665,078 
Stifel Financial Corp. 140,452 7,847,053 
T. Rowe Price Group, Inc. 466,817 54,099,422 
TD Ameritrade Holding Corp. 528,722 30,967,248 
The NASDAQ OMX Group, Inc. 225,473 21,519,143 
TheStreet.com, Inc. (b) 3,696 7,725 
U.S. Global Investments, Inc. Class A 7,637 12,372 
Virtu Financial, Inc. Class A 124,113 2,705,663 
Virtus Investment Partners, Inc. 12,698 1,638,042 
Waddell & Reed Financial, Inc. Class A (a) 156,809 3,139,316 
Westwood Holdings Group, Inc. 13,598 782,293 
WisdomTree Investments, Inc. 238,661 1,961,793 
  1,588,240,234 
Consumer Finance - 0.8%   
Ally Financial, Inc. 819,334 22,023,698 
American Express Co. 1,386,151 146,904,283 
Asta Funding, Inc. (b) 4,468 16,532 
Atlanticus Holdings Corp. (b) 35,598 100,386 
Capital One Financial Corp. 939,357 93,080,885 
Consumer Portfolio Services, Inc. (b) 11,930 46,050 
Credit Acceptance Corp. (a)(b) 24,306 11,100,793 
CURO Group Holdings Corp. (b) 18,059 557,301 
Discover Financial Services 677,916 52,958,798 
Elevate Credit, Inc. (b) 22,390 209,570 
Encore Capital Group, Inc. (a)(b) 60,800 2,356,000 
Enova International, Inc. (b) 64,170 2,130,444 
EZCORP, Inc. (non-vtg.) Class A (a)(b) 105,107 1,166,688 
First Cash Financial Services, Inc. 90,535 7,360,496 
Green Dot Corp. Class A (b) 90,601 7,761,788 
Imperial Holdings, Inc. warrants 4/11/19 (b) 1,880 0 
LendingClub Corp. (a)(b) 748,051 2,700,464 
Navient Corp. 516,185 7,040,763 
Nelnet, Inc. Class A 39,295 2,265,357 
Nicholas Financial, Inc. (b) 5,705 67,148 
OneMain Holdings, Inc. (b) 149,135 5,473,255 
PRA Group, Inc. (a)(b) 88,617 3,238,951 
Regional Management Corp. (b) 15,900 529,947 
Santander Consumer U.S.A. Holdings, Inc. 224,182 4,837,848 
SLM Corp. (b) 852,196 9,987,737 
Synchrony Financial 1,357,490 42,991,708 
World Acceptance Corp. (b) 10,919 1,295,103 
  428,201,993 
Diversified Financial Services - 1.4%   
Acushnet Holdings Corp. 81,949 2,216,720 
Alteryx, Inc. (a)(b) 48,068 2,790,347 
AXA Equitable Holdings, Inc. (a) 268,738 6,167,537 
Berkshire Hathaway, Inc. Class B (b) 3,717,453 775,906,790 
Cannae Holdings, Inc. (b) 143,529 2,790,204 
Columbia Financial, Inc. 137,378 2,325,810 
ConvergeOne Holdings, Inc. 64,014 585,088 
Donnelley Financial Solutions, Inc. (b) 71,378 1,491,086 
FB Financial Corp. 34,670 1,524,787 
FGL Holdings Class A (a)(b) 329,409 2,869,152 
Granite Point Mortgage Trust, Inc. 74,859 1,432,801 
Jefferies Financial Group, Inc. 592,981 13,769,019 
Marlin Business Services Corp. 14,103 403,346 
On Deck Capital, Inc. (b) 74,269 610,491 
Rafael Holdings, Inc. (b) 22,382 210,838 
RBB Bancorp 9,470 271,316 
Sachem Capital Corp. 200 848 
Senseonics Holdings, Inc. (a)(b) 167,851 684,832 
Victory Capital Holdings, Inc. (b) 5,281 52,176 
Voya Financial, Inc. 317,767 15,910,594 
  832,013,782 
Insurance - 2.6%   
AFLAC, Inc. 1,487,544 68,784,035 
Alleghany Corp. 30,712 19,403,227 
Allstate Corp. 674,538 67,838,287 
AMBAC Financial Group, Inc. (b) 94,134 1,989,051 
American Equity Investment Life Holding Co. 169,504 6,286,903 
American Financial Group, Inc. 132,219 14,723,908 
American International Group, Inc. 1,739,360 92,481,771 
American National Insurance Co. 20,619 2,646,242 
Amerisafe, Inc. 34,393 2,194,273 
AmTrust Financial Services, Inc. 184,814 2,687,196 
Aon PLC 475,274 69,180,883 
Arch Capital Group Ltd. (b) 784,551 23,983,724 
Argo Group International Holdings, Ltd. 67,203 4,280,831 
Arthur J. Gallagher & Co. 353,316 25,488,216 
Aspen Insurance Holdings Ltd. 121,428 4,996,762 
Assurant, Inc. 101,576 10,444,044 
Assured Guaranty Ltd. 219,846 8,956,526 
Athene Holding Ltd. (b) 241,964 12,015,932 
Atlas Financial Holdings, Inc. (b) 9,356 95,899 
Axis Capital Holdings Ltd. 162,387 9,340,500 
Brown & Brown, Inc. 445,039 13,564,789 
Chubb Ltd. 901,422 121,908,311 
Cincinnati Financial Corp. 296,401 22,725,065 
Citizens, Inc. Class A (a)(b) 65,561 550,712 
CNA Financial Corp. 74,168 3,330,143 
CNO Financial Group, Inc. 338,474 7,314,423 
Crawford & Co. Class B 31,537 275,003 
Donegal Group, Inc. Class A 8,008 115,716 
eHealth, Inc. (b) 29,798 869,804 
EMC Insurance Group 9,582 246,066 
Employers Holdings, Inc. 65,170 2,988,045 
Enstar Group Ltd. (b) 22,560 4,816,560 
Erie Indemnity Co. Class A 43,603 5,386,279 
Everest Re Group Ltd. 78,647 17,539,854 
FBL Financial Group, Inc. Class A 19,372 1,575,912 
Fednat Holding Co. 19,431 511,035 
First American Financial Corp. 219,174 12,462,234 
FNF Group 535,809 21,485,941 
Genworth Financial, Inc. Class A (b) 956,877 4,449,478 
Global Indemnity Ltd. 13,709 540,546 
Greenlight Capital Re, Ltd. (b) 60,650 779,353 
Hallmark Financial Services, Inc. (b) 10,337 116,085 
Hanover Insurance Group, Inc. 83,897 10,276,544 
Hartford Financial Services Group, Inc. 689,332 34,721,653 
HCI Group, Inc. 13,167 533,264 
Health Insurance Innovations, Inc. (a)(b) 22,858 1,209,188 
Heritage Insurance Holdings, Inc. 60,181 881,652 
Horace Mann Educators Corp. 79,807 3,695,064 
Independence Holding Co. 16,014 564,494 
Investors Title Co. 1,743 338,142 
James River Group Holdings Ltd. 60,694 2,485,419 
Kemper Corp. 120,550 9,806,743 
Kingstone Companies, Inc. 9,045 167,785 
Kinsale Capital Group, Inc. 39,379 2,393,062 
Lincoln National Corp. 425,807 27,924,423 
Loews Corp. 504,188 25,365,698 
Maiden Holdings Ltd. 125,108 475,410 
Markel Corp. (b) 27,302 33,002,658 
Marsh & McLennan Companies, Inc. 978,782 82,834,321 
MBIA, Inc. (a)(b) 208,068 2,136,858 
Mercury General Corp. 75,263 4,056,676 
MetLife, Inc. 1,961,314 90,004,699 
National General Holdings Corp. 122,077 3,333,923 
National Western Life Group, Inc. 4,567 1,488,614 
Navigators Group, Inc. 43,776 3,064,320 
NI Holdings, Inc. (b) 13,749 232,083 
Old Republic International Corp. 496,118 11,003,897 
Primerica, Inc. 84,609 10,343,450 
Principal Financial Group, Inc. 513,933 28,363,962 
ProAssurance Corp. 109,792 5,308,443 
Progressive Corp. 1,119,628 75,608,479 
Protective Insurance Corp. Class B 12,738 299,343 
Prudential Financial, Inc. 810,829 79,663,949 
Reinsurance Group of America, Inc. 124,322 17,759,398 
RenaissanceRe Holdings Ltd. 80,100 10,650,096 
RLI Corp. 76,037 5,852,568 
Safety Insurance Group, Inc. 29,545 2,857,002 
Selective Insurance Group, Inc. 116,319 7,467,680 
State Auto Financial Corp. 27,464 862,095 
Stewart Information Services Corp. 44,220 1,980,172 
The Travelers Companies, Inc. 520,356 68,478,850 
Third Point Reinsurance Ltd. (b) 151,089 2,024,593 
Tiptree, Inc. 33,155 215,508 
Torchmark Corp. 199,059 17,501,267 
Trupanion, Inc. (a)(b) 42,348 1,617,270 
United Fire Group, Inc. 40,895 2,025,529 
United Insurance Holdings Corp. 34,862 726,175 
Universal Insurance Holdings, Inc. 62,678 2,795,439 
Unum Group 430,125 15,863,010 
W.R. Berkley Corp. 186,079 14,562,543 
White Mountains Insurance Group Ltd. 5,823 5,403,453 
Willis Group Holdings PLC 253,154 37,281,990 
XL Group Ltd. 494,933 28,404,205 
  1,487,282,623 
Mortgage Real Estate Investment Trusts - 0.2%   
AG Mortgage Investment Trust, Inc. 51,250 963,500 
AGNC Investment Corp. 902,240 17,160,605 
American Capital Mortgage Investment Corp. 77,847 1,525,801 
Annaly Capital Management, Inc. 2,223,022 23,608,494 
Anworth Mortgage Asset Corp. 251,516 1,227,398 
Apollo Commercial Real Estate Finance, Inc. 198,735 3,861,421 
Arbor Realty Trust, Inc. (a) 149,308 1,830,516 
Ares Commercial Real Estate Corp. 44,112 644,917 
Armour Residential REIT, Inc. 78,889 1,855,469 
Blackstone Mortgage Trust, Inc. (a) 218,615 7,446,027 
Capstead Mortgage Corp. 189,470 1,591,548 
Cherry Hill Mortgage Investment Corp. 12,023 223,628 
Chimera Investment Corp. 389,423 7,254,950 
Dynex Capital, Inc. 127,368 816,429 
Ellington Residential Mortgage REIT 15,540 183,683 
Exantas Capital Corp. 55,796 661,183 
Great Ajax Corp. 20,136 274,655 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (a) 96,779 2,086,555 
Hunt Companies Finance Trust I (a) 6,106 21,921 
Invesco Mortgage Capital, Inc. 207,984 3,375,580 
KKR Real Estate Finance Trust, Inc. 61,897 1,312,216 
Ladder Capital Corp. Class A 204,015 3,543,741 
MFA Financial, Inc. 890,541 6,821,544 
New Residential Investment Corp. 635,458 11,800,455 
New York Mortgage Trust, Inc. (a) 227,021 1,452,934 
Orchid Island Capital, Inc. (a) 113,192 898,744 
Owens Realty Mortgage, Inc. (a) 54,252 895,158 
PennyMac Mortgage Investment Trust 137,871 2,754,663 
Redwood Trust, Inc. 147,922 2,511,716 
Starwood Property Trust, Inc. 508,786 11,208,556 
Two Harbors Investment Corp. 468,829 7,323,109 
Western Asset Mortgage Capital Corp. 88,849 988,889 
ZAIS Financial Corp. 18,554 318,201 
  128,444,206 
Real Estate Management & Development - 0.0%   
The RMR Group, Inc. 12,871 1,215,666 
Thrifts & Mortgage Finance - 0.2%   
BankFinancial Corp. 19,300 307,835 
Beneficial Bancorp, Inc. 178,014 3,133,046 
BofI Holding, Inc. (a)(b) 104,951 3,908,375 
BSB Bancorp, Inc. (b) 6,958 231,701 
Capitol Federal Financial, Inc. 317,152 4,189,578 
Charter Financial Corp. 26,857 669,008 
Coastway Bancorp, Inc. (b) 4,955 137,501 
Dime Community Bancshares, Inc. 65,979 1,197,519 
Entegra Financial Corp. (b) 3,030 83,325 
ESSA Bancorp, Inc. 4,298 69,112 
Essent Group Ltd. (b) 166,676 7,227,071 
Farmer Mac Class C (non-vtg.) 19,331 1,489,840 
First Defiance Financial Corp. 36,462 1,166,419 
Flagstar Bancorp, Inc. (b) 55,871 1,846,537 
FS Bancorp, Inc. 3,111 181,465 
Hingham Institution for Savings 2,103 456,372 
Home Bancorp, Inc. 8,218 375,974 
HomeStreet, Inc. (b) 54,010 1,590,595 
Impac Mortgage Holdings, Inc. (a)(b) 22,924 171,472 
Kearny Financial Corp. 223,951 3,068,129 
Lendingtree, Inc. (a)(b) 15,340 3,886,389 
Malvern Bancorp, Inc. (a)(b) 6,089 149,789 
Meridian Bancorp, Inc. Maryland 112,706 2,017,437 
Meta Financial Group, Inc. 16,728 1,448,645 
MGIC Investment Corp. (b) 722,209 9,186,498 
New York Community Bancorp, Inc. (a) 991,185 10,675,062 
NMI Holdings, Inc. (b) 118,639 2,562,602 
Northfield Bancorp, Inc. 77,835 1,267,154 
Northwest Bancshares, Inc. 218,925 3,988,814 
OceanFirst Financial Corp. 74,436 2,173,531 
Ocwen Financial Corp. (b) 226,819 948,103 
Oritani Financial Corp. 122,108 1,978,150 
PennyMac Financial Services, Inc. 43,564 921,379 
PHH Corp. (b) 94,843 1,029,047 
Poage Bankshares, Inc. 2,365 62,318 
Provident Financial Holdings, Inc. 3,066 56,414 
Provident Financial Services, Inc. 132,445 3,341,587 
Radian Group, Inc. 410,077 8,336,865 
Riverview Bancorp, Inc. 10,064 99,130 
Security National Financial Corp. Class A 12,342 64,796 
SI Financial Group, Inc. 5,231 72,449 
Southern Missouri Bancorp, Inc. 5,377 215,080 
Sterling Bancorp, Inc. 29,919 366,508 
Territorial Bancorp, Inc. 13,244 395,731 
TFS Financial Corp. 199,797 3,084,866 
Timberland Bancorp, Inc. 5,712 202,833 
Trustco Bank Corp., New York 182,946 1,692,251 
United Community Financial Corp. 86,143 891,580 
United Financial Bancorp, Inc. New 98,895 1,757,364 
Walker & Dunlop, Inc. 62,162 3,387,829 
Washington Federal, Inc. 184,491 6,291,143 
Waterstone Financial, Inc. 43,917 742,197 
Westfield Financial, Inc. 33,310 354,752 
WMI Holdings Corp. (b) 665,894 1,005,500 
WSFS Financial Corp. 63,718 3,109,438 
  109,264,105 
TOTAL FINANCIALS  8,237,523,499 
HEALTH CARE - 14.2%   
Biotechnology - 3.0%   
AbbVie, Inc. 2,937,285 281,920,614 
Abeona Therapeutics, Inc. (a)(b) 62,198 957,849 
ACADIA Pharmaceuticals, Inc. (a)(b) 184,318 2,621,002 
Acceleron Pharma, Inc. (b) 75,443 4,075,431 
Achaogen, Inc. (a)(b) 54,118 286,284 
Achillion Pharmaceuticals, Inc. (b) 264,408 912,208 
Acorda Therapeutics, Inc. (b) 101,836 2,932,877 
Actinium Pharmaceuticals, Inc. (b) 38,656 24,740 
Adamas Pharmaceuticals, Inc. (a)(b) 38,351 883,224 
ADMA Biologics, Inc. (b) 34,956 223,369 
Aduro Biotech, Inc. (a)(b) 81,702 604,595 
Advaxis, Inc. (b) 48,573 70,431 
Adverum Biotechnologies, Inc. (b) 72,964 554,526 
Aeglea BioTherapeutics, Inc. (a)(b) 26,323 287,710 
Aevi Genomic Medicine, Inc. (b) 41,669 52,086 
Agenus, Inc. (a)(b) 138,167 305,349 
Agios Pharmaceuticals, Inc. (a)(b) 97,937 7,905,475 
Aimmune Therapeutics, Inc. (b) 78,694 2,196,350 
Akebia Therapeutics, Inc. (b) 89,194 732,283 
Albireo Pharma, Inc. (b) 13,977 483,325 
Alder Biopharmaceuticals, Inc. (a)(b) 108,499 1,963,832 
Aldeyra Therapeutics, Inc. (b) 22,510 190,210 
Alexion Pharmaceuticals, Inc. (b) 431,789 52,781,887 
Alkermes PLC (a)(b) 298,449 13,382,453 
Allena Pharmaceuticals, Inc. (b) 8,811 96,040 
Alnylam Pharmaceuticals, Inc. (b) 164,063 20,125,608 
Alpine Immune Sciences, Inc. (b) 12,084 81,204 
Altimmune, Inc. (a)(b) 5,138 1,644 
AMAG Pharmaceuticals, Inc. (a)(b) 66,217 1,615,695 
Amgen, Inc. 1,291,967 258,147,926 
Amicus Therapeutics, Inc. (a)(b) 366,758 4,943,898 
AnaptysBio, Inc. (b) 27,845 2,468,181 
Anavex Life Sciences Corp. (a)(b) 69,965 186,807 
Apellis Pharmaceuticals, Inc. (b) 66,063 1,278,980 
Applied Genetic Technologies Corp. (b) 14,097 62,732 
Aptevo Therapeutics, Inc. (b) 25,681 141,759 
AquaBounty Technologies, Inc. (b) 1,372 4,061 
Aquinox Pharmaceuticals, Inc. (b) 41,529 129,570 
Arcus Biosciences, Inc. (a) 6,872 98,957 
Ardelyx, Inc. (b) 110,323 474,389 
Arena Pharmaceuticals, Inc. (b) 95,520 3,709,997 
ArQule, Inc. (b) 197,124 1,306,932 
Array BioPharma, Inc. (b) 398,574 6,205,797 
Arrowhead Pharmaceuticals, Inc. (a)(b) 177,530 2,620,343 
Arsanis, Inc. (b) 8,493 19,449 
Asterias Biotherapeutics, Inc. (a)(b) 24,436 37,876 
Atara Biotherapeutics, Inc. (a)(b) 89,519 3,665,803 
Athersys, Inc. (a)(b) 261,347 538,375 
aTyr Pharma, Inc. (b) 6,529 4,713 
Audentes Therapeutics, Inc. (b) 53,376 1,942,886 
AVEO Pharmaceuticals, Inc. (a)(b) 164,980 493,290 
Avid Bioservices, Inc. (b) 85,182 623,532 
Bellicum Pharmaceuticals, Inc. (a)(b) 75,895 548,721 
Biocept, Inc. (b) 2,199 7,740 
BioCryst Pharmaceuticals, Inc. (a)(b) 198,969 1,424,618 
Biogen, Inc. (b) 408,820 144,513,782 
Biohaven Pharmaceutical Holding Co. Ltd. (a)(b) 57,394 2,172,937 
BioMarin Pharmaceutical, Inc. (b) 340,364 34,029,593 
Biospecifics Technologies Corp. (b) 19,816 1,062,930 
BioTime, Inc. (a)(b) 346,441 952,713 
bluebird bio, Inc. (a)(b) 102,592 17,266,234 
Blueprint Medicines Corp. (b) 74,628 5,721,729 
BrainStorm Cell Therpeutic, Inc. (a)(b) 15,396 60,968 
Calithera Biosciences, Inc. (b) 45,690 249,011 
Calyxt, Inc. (a)(b) 10,855 183,775 
Cancer Genetics, Inc. (a)(b) 9,725 8,805 
Capricor Therapeutics, Inc. (a)(b) 31,524 38,144 
Cara Therapeutics, Inc. (a)(b) 69,866 1,409,197 
CareDx, Inc. (b) 60,104 1,461,128 
CASI Pharmaceuticals, Inc. (b) 84,183 585,072 
Catalyst Biosciences, Inc. (b) 23,199 253,565 
Catalyst Pharmaceutical Partners, Inc. (b) 206,783 696,859 
Cel-Sci Corp. (a)(b) 25,753 69,018 
Celcuity, Inc. (b) 1,151 28,453 
Celgene Corp. (b) 1,365,300 128,952,585 
Celldex Therapeutics, Inc. (b) 215,095 107,978 
Cellular Biomedicine Group, Inc. (a)(b) 19,712 418,880 
Celsion Corp. (b) 10,668 30,404 
ChemoCentryx, Inc. (b) 36,062 475,297 
Chimerix, Inc. (b) 63,824 254,658 
Cidara Therapeutics, Inc. (a)(b) 11,887 50,520 
Cleveland Biolabs, Inc. (a)(b) 1,776 3,392 
Clovis Oncology, Inc. (b) 98,725 3,529,419 
Co.-Diagnostics, Inc. (b) 7,929 25,214 
CohBar, Inc. (a)(b) 86,892 455,314 
Coherus BioSciences, Inc. (b) 100,702 2,029,145 
Conatus Pharmaceuticals, Inc. (a)(b) 36,543 205,006 
Concert Pharmaceuticals, Inc. (b) 25,754 406,141 
Corbus Pharmaceuticals Holdings, Inc. (a)(b) 97,055 567,772 
Corvus Pharmaceuticals, Inc. (b) 20,017 219,386 
CTI BioPharma Corp. (b) 94,910 178,431 
Cue Biopharma, Inc. (a)(b) 17,423 167,609 
Curis, Inc. (b) 35,800 60,860 
Cyclacel Pharmaceuticals, Inc. (b) 960 1,469 
Cytokinetics, Inc. (b) 89,621 708,006 
CytomX Therapeutics, Inc. (b) 82,255 1,849,915 
Cytori Therapeutics, Inc. (a)(b) 1,078 563 
CytRx Corp. (a)(b) 40,644 45,928 
Deciphera Pharmaceuticals, Inc. (a)(b) 27,445 1,015,191 
Denali Therapeutics, Inc. (a)(b) 28,737 564,107 
Dicerna Pharmaceuticals, Inc. (b) 41,758 661,864 
Dyax Corp. rights 12/31/19 (b)(c) 200,675 802,700 
Dynavax Technologies Corp. (a)(b) 101,676 1,408,213 
Eagle Pharmaceuticals, Inc. (a)(b) 14,894 1,029,622 
Edge Therapeutics, Inc. (b) 50,398 44,854 
Editas Medicine, Inc. (a)(b) 75,932 2,492,848 
Eiger Biopharmaceuticals, Inc. (b) 19,778 255,136 
Emergent BioSolutions, Inc. (b) 74,721 4,632,702 
Enanta Pharmaceuticals, Inc. (b) 29,541 2,686,163 
Epizyme, Inc. (a)(b) 93,334 1,101,341 
Esperion Therapeutics, Inc. (a)(b) 38,782 1,919,321 
Exact Sciences Corp. (a)(b) 238,198 17,838,648 
Exelixis, Inc. (b) 539,055 10,128,843 
Fate Therapeutics, Inc. (a)(b) 88,933 1,146,346 
Fibrocell Science, Inc. (a)(b) 2,592 5,132 
FibroGen, Inc. (b) 152,796 9,343,475 
Five Prime Therapeutics, Inc. (b) 76,988 1,077,832 
Flexion Therapeutics, Inc. (a)(b) 70,183 1,607,191 
Fortress Biotech, Inc. (a)(b) 43,908 86,499 
Galectin Therapeutics, Inc. (a)(b) 56,076 362,812 
Genocea Biosciences, Inc. (a)(b) 59,471 38,061 
Genomic Health, Inc. (b) 39,004 2,385,875 
GenVec, Inc. rights (b)(c) 814 0 
Geron Corp. (a)(b) 355,017 2,034,247 
Gilead Sciences, Inc. 2,521,527 190,955,240 
Global Blood Therapeutics, Inc. (a)(b) 93,955 4,599,097 
GlycoMimetics, Inc. (a)(b) 63,039 927,934 
GTx, Inc. (b) 20,485 490,001 
Halozyme Therapeutics, Inc. (a)(b) 263,841 4,857,313 
Heat Biologics, Inc. (b) 27,222 56,077 
Hemispherx Biopharma, Inc. (b) 10,898 2,997 
Heron Therapeutics, Inc. (b) 138,379 5,334,510 
Homology Medicines, Inc. (a)(b) 23,470 390,776 
iBio, Inc. (a)(b) 4,036 3,349 
Idera Pharmaceuticals, Inc. (a)(b) 39,263 410,691 
Immune Design Corp. (b) 68,872 261,714 
ImmunoCellular Therapeutics Ltd. (b) 1,048 246 
ImmunoGen, Inc. (a)(b) 279,867 2,851,845 
Immunomedics, Inc. (a)(b) 306,809 8,210,209 
Incyte Corp. (b) 343,065 25,355,934 
Infinity Pharmaceuticals, Inc. (a)(b) 82,811 187,153 
Inovio Pharmaceuticals, Inc. (a)(b) 153,711 808,520 
Insmed, Inc. (a)(b) 145,963 2,909,043 
Insys Therapeutics, Inc. (a)(b) 45,156 422,209 
Intellia Therapeutics, Inc. (a)(b) 43,137 1,334,227 
Intercept Pharmaceuticals, Inc. (a)(b) 39,366 4,401,119 
Intrexon Corp. (a)(b) 138,526 2,130,530 
Invitae Corp. (b) 122,521 1,814,536 
Ionis Pharmaceuticals, Inc. (a)(b) 264,796 12,098,529 
Iovance Biotherapeutics, Inc. (b) 176,766 3,128,758 
Ironwood Pharmaceuticals, Inc. Class A (a)(b) 274,281 5,277,166 
IsoRay, Inc. (b) 57,047 29,180 
ITUS Corp. (b) 25,229 96,122 
Jounce Therapeutics, Inc. (a)(b) 10,322 81,028 
Kadmon Holdings, Inc. (b) 207,825 895,726 
Kalvista Pharmaceuticals, Inc. (b) 508 8,636 
Karyopharm Therapeutics, Inc. (b) 92,956 1,956,724 
Keryx Biopharmaceuticals, Inc. (a)(b) 230,453 785,845 
Kindred Biosciences, Inc. (b) 55,110 821,139 
Krystal Biotech, Inc. 3,314 54,383 
Kura Oncology, Inc. (a)(b) 53,689 1,100,625 
La Jolla Pharmaceutical Co. (a)(b) 42,577 980,974 
Leap Therapeutics, Inc. (b) 2,828 20,842 
Lexicon Pharmaceuticals, Inc. (a)(b) 97,066 1,123,054 
Ligand Pharmaceuticals, Inc. Class B (a)(b) 41,449 10,763,891 
Loxo Oncology, Inc. (a)(b) 43,871 7,413,322 
Macrogenics, Inc. (a)(b) 77,366 1,691,994 
Madrigal Pharmaceuticals, Inc. (a)(b) 15,700 3,755,597 
MannKind Corp. (a)(b) 225,599 248,159 
Matinas BioPharma Holdings, Inc. (b) 91,988 42,314 
MediciNova, Inc. (a)(b) 72,252 879,307 
MEI Pharma, Inc. (b) 62,189 259,950 
Menlo Therapeutics, Inc. (b) 14,423 110,769 
Merrimack Pharmaceuticals, Inc. (b) 22,287 131,939 
MiMedx Group, Inc. (a)(b) 199,106 1,055,262 
Minerva Neurosciences, Inc. (b) 51,124 531,690 
Miragen Therapeutics, Inc. (b) 39,491 245,239 
Mirati Therapeutics, Inc. (a)(b) 60,609 3,427,439 
Molecular Templates, Inc. (b) 11,026 63,510 
Moleculin Biotech, Inc. (a)(b) 37,484 64,472 
Momenta Pharmaceuticals, Inc. (b) 152,669 4,045,729 
Myriad Genetics, Inc. (b) 137,462 6,844,233 
NanoViricides, Inc. (b) 32,620 13,704 
NantKwest, Inc. (a)(b) 76,001 257,643 
Natera, Inc. (b) 66,582 1,840,326 
Navidea Biopharmaceuticals, Inc. (a)(b) 148,549 26,130 
Neuralstem, Inc. (a)(b) 8,195 9,998 
Neurocrine Biosciences, Inc. (b) 173,976 21,390,349 
NewLink Genetics Corp. (b) 41,496 128,638 
Novavax, Inc. (a)(b) 677,219 1,056,462 
Ohr Pharmaceutical, Inc. (b) 32,314 6,301 
OncoCyte Corp. (a)(b) 3,324 8,476 
OncoGenex Pharmaceuticals, Inc. (b) 96 289 
OncoMed Pharmaceuticals, Inc. (b) 27,577 63,427 
OncoSec Medical, Inc. (a)(b) 44,952 67,428 
Ophthotech Corp. (b) 50,366 128,937 
Opko Health, Inc. (a)(b) 712,532 4,218,189 
Oragenics, Inc. (b) 998 429 
Organovo Holdings, Inc. (a)(b) 337,362 435,197 
OvaScience, Inc. (b) 60,110 46,525 
Palatin Technologies, Inc. (a)(b) 331,257 334,570 
PDL BioPharma, Inc. (a)(b) 309,517 749,031 
Pfenex, Inc. (b) 46,697 246,560 
Polarityte, Inc. (a)(b) 30,906 883,293 
Portola Pharmaceuticals, Inc. (a)(b) 128,424 3,833,456 
Progenics Pharmaceuticals, Inc. (a)(b) 161,932 1,267,928 
Protagonist Therapeutics, Inc. (b) 52,263 503,293 
Proteon Therapeutics, Inc. (b) 5,515 12,960 
Proteostasis Therapeutics, Inc. (a)(b) 55,664 149,736 
Prothena Corp. PLC (a)(b) 73,253 1,114,911 
PTC Therapeutics, Inc. (b) 75,018 3,131,251 
Puma Biotechnology, Inc. (a)(b) 65,071 2,859,870 
Ra Pharmaceuticals, Inc. (b) 19,587 238,961 
Radius Health, Inc. (a)(b) 76,029 1,563,917 
Recro Pharma, Inc. (b) 20,797 132,685 
Regeneron Pharmaceuticals, Inc. (b) 149,758 60,914,067 
REGENXBIO, Inc. (b) 55,760 3,928,292 
Regulus Therapeutics, Inc. (a)(b) 85,834 19,888 
Repligen Corp. (a)(b) 69,352 3,806,038 
Retrophin, Inc. (b) 82,684 2,620,256 
Rexahn Pharmaceuticals, Inc. (a)(b) 42,298 72,753 
Rigel Pharmaceuticals, Inc. (b) 307,310 1,047,927 
Riot Blockchain, Inc. (a) 24,575 154,823 
Rocket Pharmaceuticals, Inc. (b) 29,667 707,558 
Sage Therapeutics, Inc. (b) 89,840 14,757,118 
Sangamo Therapeutics, Inc. (a)(b) 201,742 3,681,792 
Sarepta Therapeutics, Inc. (a)(b) 117,669 16,243,029 
Savara, Inc. (a)(b) 55,437 651,939 
Seattle Genetics, Inc. (a)(b) 204,324 15,683,910 
Selecta Biosciences, Inc. (a)(b) 13,681 185,514 
Sellas Life Sciences Group, Inc. (b) 425 459 
Seres Therapeutics, Inc. (a)(b) 32,924 289,073 
Sesen Bio, Inc. (b) 98,188 219,941 
Sienna Biopharmaceuticals, Inc. (a)(b) 4,913 81,851 
Solid Biosciences, Inc. (b) 19,788 844,354 
Sophiris Bio, Inc. (a)(b) 57,410 184,286 
Sorrento Therapeutics, Inc. (a)(b) 175,528 974,180 
Spark Therapeutics, Inc. (a)(b) 61,662 3,798,996 
Spectrum Pharmaceuticals, Inc. (b) 181,664 3,911,226 
Spring Bank Pharmaceuticals, Inc. (b) 9,145 129,768 
Stemline Therapeutics, Inc. (b) 50,071 856,214 
Sunesis Pharmaceuticals, Inc. (a)(b) 29,991 65,380 
Surface Oncology, Inc. 10,117 98,135 
Syndax Pharmaceuticals, Inc. (b) 33,111 256,941 
Synergy Pharmaceuticals, Inc. (a)(b) 423,445 825,718 
Synlogic, Inc. (b) 24,107 255,052 
Synthetic Biologics, Inc. (a)(b) 2,423 6,954 
Syros Pharmaceuticals, Inc. (b) 33,143 407,327 
T2 Biosystems, Inc. (b) 79,564 519,553 
Tapimmune, Inc. (a)(b) 8,155 70,296 
Tenax Therapeutics, Inc. (b) 69 371 
TESARO, Inc. (a)(b) 70,613 2,291,392 
TG Therapeutics, Inc. (a)(b) 115,447 1,466,177 
Tocagen, Inc. (a)(b) 8,584 83,694 
TONIX Pharmaceuticals Holding (b) 1,717 1,837 
TRACON Pharmaceuticals, Inc. (a)(b) 4,111 8,633 
Trevena, Inc. (a)(b) 130,021 234,038 
Trovagene, Inc. (a)(b) 2,821 2,313 
Ultragenyx Pharmaceutical, Inc. (b) 88,686 7,514,365 
United Therapeutics Corp. (b) 85,357 10,498,057 
UNITY Biotechnology, Inc. (a) 7,256 138,299 
Unum Therapeutics, Inc. (a) 16,295 265,771 
Vanda Pharmaceuticals, Inc. (b) 103,474 1,999,635 
Vaxart, Inc. (a)(b) 4,190 12,780 
VBI Vaccines, Inc. (a)(b) 25,788 52,608 
Veracyte, Inc. (b) 50,030 632,379 
Verastem, Inc. (a)(b) 140,678 1,401,153 
Vericel Corp. (b) 84,118 1,026,240 
Versartis, Inc. (b) 37,706 67,871 
Vertex Pharmaceuticals, Inc. (b) 491,760 90,680,544 
Vical, Inc. (b) 6,566 9,127 
Viking Therapeutics, Inc. (b) 90,493 1,182,744 
VistaGen Therapeutics, Inc. (a)(b) 22,368 32,881 
Vital Therapies, Inc. (a)(b) 55,114 443,668 
Voyager Therapeutics, Inc. (a)(b) 39,765 864,491 
Xbiotech, Inc. (a)(b) 36,998 149,472 
Xencor, Inc. (b) 95,182 3,977,656 
XOMA Corp. (a)(b) 11,543 216,200 
Yield10 Bioscience, Inc. (b) 693 1,109 
Zafgen, Inc. (b) 54,609 519,878 
ZIOPHARM Oncology, Inc. (a)(b) 222,939 650,982 
  1,745,699,121 
Health Care Equipment & Supplies - 3.1%   
Abbott Laboratories 3,391,513 226,688,729 
Abiomed, Inc. (b) 81,155 32,996,000 
Accuray, Inc. (a)(b) 152,465 609,860 
Akers Biosciences, Inc. (a)(b) 149,301 40,804 
Align Technology, Inc. (b) 139,169 53,787,427 
Alliqua Biomedical, Inc. (a)(b) 439 1,133 
Alphatec Holdings, Inc. (a)(b) 3,066 10,762 
Amedica Corp. (a)(b) 5,751 2,552 
Angiodynamics, Inc. (b) 68,576 1,537,474 
Anika Therapeutics, Inc. (a)(b) 30,719 1,271,459 
Antares Pharma, Inc. (a)(b) 242,616 858,861 
Apollo Endosurgery, Inc. (b) 102 766 
Atricure, Inc. (b) 70,181 2,424,754 
Atrion Corp. 3,083 2,019,519 
Avanos Medical, Inc. (b) 92,971 6,703,209 
Avinger, Inc. (b) 780 1,225 
AxoGen, Inc. (a)(b) 68,956 3,023,721 
Baxter International, Inc. 949,654 70,625,768 
Becton, Dickinson & Co. 517,034 135,395,694 
Bellerophon Therapeutics, Inc. (a)(b) 36,993 31,999 
BioLase Technology, Inc. (b) 6,234 11,034 
BioLife Solutions, Inc. (b) 16,867 404,133 
Boston Scientific Corp. (b) 2,679,060 95,267,374 
Bovie Medical Corp. (b) 10,849 57,934 
Cantel Medical Corp. 67,194 6,517,818 
Cardiovascular Systems, Inc. (b) 69,124 2,663,348 
CAS Medical Systems, Inc. (b) 11,651 26,098 
Cerus Corp. (b) 269,265 2,094,882 
Cesca Therapeutics, Inc. (b) 793 342 
Chembio Diagnostics, Inc. (b) 2,391 24,986 
ConforMis, Inc. (b) 87,736 107,038 
CONMED Corp. 50,457 4,058,257 
Corindus Vascular Robotics, Inc. (a)(b) 178,714 194,798 
Cryolife, Inc. (b) 65,208 2,262,718 
CryoPort, Inc. (a)(b) 52,805 749,831 
Cutera, Inc. (b) 27,491 934,694 
CytoSorbents Corp. (a)(b) 50,106 734,053 
Danaher Corp. 1,192,456 123,466,894 
Dare Bioscience, Inc. (b) 17,253 18,978 
Dentsply Sirona, Inc. 442,572 17,667,474 
DexCom, Inc. (a)(b) 170,666 24,640,757 
Edwards Lifesciences Corp. (b) 407,229 58,738,711 
Ekso Bionics Holdings, Inc. (a)(b) 113,321 303,700 
Endologix, Inc. (b) 150,152 345,350 
Fonar Corp. (b) 8,356 218,927 
Genmark Diagnostics, Inc. (b) 107,242 917,992 
Glaukos Corp. (a)(b) 64,913 4,438,102 
Globus Medical, Inc. (b) 145,197 7,734,644 
Haemonetics Corp. (b) 99,749 11,135,978 
Helius Medical Technologies, Inc. (U.S.) (a)(b) 20,935 209,769 
Heska Corp. (b) 12,153 1,300,371 
Hill-Rom Holdings, Inc. 131,230 12,764,742 
Hologic, Inc. (b) 529,595 21,056,697 
ICU Medical, Inc. (b) 29,075 8,896,950 
IDEXX Laboratories, Inc. (b) 169,286 43,005,415 
Inogen, Inc. (b) 33,875 8,973,826 
Inspire Medical Systems, Inc. 18,247 1,003,403 
Insulet Corp. (b) 113,854 11,871,557 
Integer Holdings Corp. (b) 60,071 4,799,673 
Integra LifeSciences Holdings Corp. (b) 136,377 8,110,340 
IntriCon Corp. (b) 15,036 1,111,160 
Intuitive Surgical, Inc. (b) 219,618 122,986,080 
Invacare Corp. (a) 75,980 1,154,896 
InVivo Therapeutics Holdings Corp. (b) 1,850 3,608 
Invuity, Inc. (a)(b) 23,417 108,889 
IRadimed Corp. (a)(b) 6,686 183,865 
iRhythm Technologies, Inc. (b) 39,577 3,684,223 
Iridex Corp. (b) 4,871 44,326 
K2M Group Holdings, Inc. (b) 72,947 1,994,371 
Kewaunee Scientific Corp. 1,376 43,963 
Lantheus Holdings, Inc. (b) 59,416 956,598 
LeMaitre Vascular, Inc. 28,069 1,052,868 
LivaNova PLC (b) 84,812 10,648,147 
Masimo Corp. (b) 90,391 10,656,195 
Medtronic PLC 2,620,554 252,647,611 
Meridian Bioscience, Inc. 73,595 1,155,442 
Merit Medical Systems, Inc. (b) 108,656 6,394,406 
Microbot Medical, Inc. (b) 7,285 4,225 
Misonix, Inc. (b) 7,938 151,616 
Myomo, Inc. (a)(b) 11,057 22,667 
Natus Medical, Inc. (b) 64,682 2,412,639 
Neogen Corp. (b) 98,996 9,250,186 
Nevro Corp. (b) 56,879 3,834,782 
NuVasive, Inc. (b) 100,454 7,050,866 
Nuvectra Corp. (b) 21,954 512,406 
NxStage Medical, Inc. (b) 140,636 3,985,624 
OraSure Technologies, Inc. (b) 129,623 2,075,264 
Orthofix International NV (b) 41,359 2,215,188 
OrthoPediatrics Corp. 6,541 227,758 
Penumbra, Inc. (a)(b) 57,262 7,950,829 
Precision Therapeutics, Inc. (a)(b) 19,298 21,807 
Pulse Biosciences, Inc. (a)(b) 10,423 149,674 
Quanterix Corp. (b) 7,729 129,306 
Quidel Corp. (b) 60,517 4,652,547 
ReShape Lifesciences, Inc. (a)(b) 873 58 
ResMed, Inc. 278,308 31,006,294 
Retractable Technologies, Inc. (b) 5,248 3,790 
Rockwell Medical Technologies, Inc. (a)(b) 83,284 408,924 
RTI Biologics, Inc. (b) 100,701 450,637 
Seaspine Holdings Corp. (b) 14,380 221,452 
Second Sight Medical Products, Inc. (a)(b) 46,884 79,234 
Sientra, Inc. (b) 39,907 1,002,464 
Staar Surgical Co. (b) 55,622 2,653,169 
Steris PLC 162,639 18,609,154 
STRATA Skin Sciences, Inc. (b) 803 2,144 
Stryker Corp. 623,601 105,656,717 
SurModics, Inc. (b) 23,983 1,888,661 
Synergetics U.S.A., Inc. (b)(c) 19,727 0 
Tactile Systems Technology, Inc. (a)(b) 30,490 2,063,258 
Tandem Diabetes Care, Inc. (a)(b) 108,658 4,964,584 
Teleflex, Inc. 87,631 21,682,538 
The Cooper Companies, Inc. 95,010 24,301,658 
TransEnterix, Inc. (a)(b) 207,703 1,204,677 
Utah Medical Products, Inc. 13,511 1,227,474 
Varex Imaging Corp. (a)(b) 86,203 2,706,774 
Varian Medical Systems, Inc. (b) 180,543 20,224,427 
Vermillion, Inc. (b) 12,449 7,843 
ViewRay, Inc. (a)(b) 117,177 1,181,144 
Viveve Medical, Inc. (a)(b) 45,477 143,253 
West Pharmaceutical Services, Inc. 145,035 16,976,347 
Wright Medical Group NV (a)(b) 202,730 5,875,115 
Zimmer Biomet Holdings, Inc. 393,672 48,669,669 
Zosano Pharma Corp. (a)(b) 22,328 93,108 
  1,798,539,903 
Health Care Providers & Services - 3.0%   
AAC Holdings, Inc. (a)(b) 16,668 147,678 
Acadia Healthcare Co., Inc. (a)(b) 159,970 6,643,554 
Aceto Corp. 47,837 158,819 
Addus HomeCare Corp. (b) 24,045 1,560,521 
Aetna, Inc. 631,624 126,495,338 
Amedisys, Inc. (b) 57,080 7,135,571 
American Renal Associates Holdings, Inc. (a)(b) 30,049 659,576 
AmerisourceBergen Corp. 315,793 28,411,896 
AMN Healthcare Services, Inc. (a)(b) 90,995 5,305,009 
Anthem, Inc. 493,566 130,661,727 
BioScrip, Inc. (a)(b) 230,699 669,027 
BioTelemetry, Inc. (b) 60,094 3,713,809 
Brookdale Senior Living, Inc. (b) 360,000 3,571,200 
Caladrius Biosciences, Inc. (b) 9,530 50,223 
Capital Senior Living Corp. (b) 53,746 476,727 
Cardinal Health, Inc. 601,923 31,414,361 
Catasys, Inc. (b) 3,161 28,702 
Centene Corp. (b) 396,017 58,008,570 
Chemed Corp. 30,507 9,870,235 
Cigna Corp. 470,957 88,700,041 
Civitas Solutions, Inc. (b) 27,734 443,744 
Community Health Systems, Inc. (a)(b) 206,000 799,280 
Corvel Corp. (b) 18,940 1,125,983 
Cross Country Healthcare, Inc. (b) 66,434 665,004 
CVS Health Corp. 1,967,521 148,036,280 
DaVita HealthCare Partners, Inc. (b) 270,656 18,753,754 
Diplomat Pharmacy, Inc. (a)(b) 93,066 1,922,744 
Envision Healthcare Corp. (b) 230,716 10,465,278 
Express Scripts Holding Co. (b) 1,087,608 95,731,256 
Five Star Sr Living, Inc. (b) 70,113 69,412 
G1 Therapeutics, Inc. (a)(b) 37,423 2,270,828 
Genesis HealthCare, Inc. Class A (a)(b) 72,843 128,932 
HCA Holdings, Inc. 541,945 72,680,244 
HealthEquity, Inc. (b) 101,976 9,607,159 
HealthSouth Corp. 191,103 15,592,094 
Henry Schein, Inc. (a)(b) 296,896 23,062,881 
Humana, Inc. 265,925 88,622,166 
Interpace Diagnostics Group, Inc. (b) 136 200 
Laboratory Corp. of America Holdings (b) 197,626 34,163,607 
LHC Group, Inc. (b) 58,223 5,760,001 
LifePoint Hospitals, Inc. (b) 73,087 4,706,803 
Magellan Health Services, Inc. (b) 46,615 3,426,203 
McKesson Corp. 390,138 50,230,268 
MEDNAX, Inc. (b) 183,817 8,703,735 
Molina Healthcare, Inc. (a)(b) 90,979 12,555,102 
National Healthcare Corp. 20,690 1,594,578 
National Research Corp. Class A 20,553 804,650 
National Vision Holdings, Inc. 99,203 4,389,733 
OptiNose, Inc. 38,007 565,164 
Owens & Minor, Inc. (a) 118,083 2,005,049 
Patterson Companies, Inc. (a) 169,627 3,825,089 
Premier, Inc. (a)(b) 113,429 5,016,965 
Providence Service Corp. (b) 20,443 1,372,543 
Psychemedics Corp. 2,724 52,655 
Quest Diagnostics, Inc. 264,008 29,035,600 
Quorum Health Corp. (a)(b) 61,662 280,562 
R1 RCM, Inc. (b) 178,635 1,780,991 
RadNet, Inc. (b) 68,592 949,999 
Select Medical Holdings Corp. (b) 210,659 4,171,048 
Sharps Compliance Corp. (b) 12,687 44,785 
Surgery Partners, Inc. (a)(b) 43,549 755,575 
Tenet Healthcare Corp. (a)(b) 162,206 5,469,586 
The Ensign Group, Inc. 96,070 3,753,455 
The Joint Corp. (b) 4,485 38,436 
Tivity Health, Inc. (a)(b) 70,816 2,436,070 
Triple-S Management Corp. (b) 44,329 965,042 
U.S. Physical Therapy, Inc. 24,843 3,111,586 
UnitedHealth Group, Inc. 1,860,709 499,525,938 
Universal Health Services, Inc. Class B 168,906 21,984,805 
Wellcare Health Plans, Inc. (b) 96,042 29,059,428 
  1,736,194,874 
Health Care Technology - 0.2%   
Allscripts Healthcare Solutions, Inc. (b) 329,763 4,817,837 
athenahealth, Inc. (b) 77,995 12,003,431 
Castlight Health, Inc. Class B (a)(b) 151,493 454,479 
Cerner Corp. (b) 605,108 39,398,582 
Computer Programs & Systems, Inc. (a) 21,937 598,880 
Evolent Health, Inc. (a)(b) 132,217 3,371,534 
HealthStream, Inc. 46,897 1,488,042 
HMS Holdings Corp. (b) 165,285 5,297,384 
HTG Molecular Diagnostics (a)(b) 63,917 286,987 
iCAD, Inc. (b) 14,864 44,592 
Inovalon Holdings, Inc. Class A (a)(b) 119,481 1,314,291 
Medidata Solutions, Inc. (a)(b) 114,952 9,768,621 
NantHealth, Inc. (a)(b) 56,729 125,938 
Omnicell, Inc. (b) 73,082 5,024,388 
Quality Systems, Inc. (b) 91,673 2,098,395 
Simulations Plus, Inc. 16,033 334,288 
Tabula Rasa HealthCare, Inc. (a)(b) 25,588 2,243,300 
Teladoc Health, Inc. (a)(b) 132,579 10,281,501 
Valeritas Holdings, Inc. (a)(b) 25,700 29,555 
Veeva Systems, Inc. Class A (b) 229,272 23,926,826 
Vocera Communications, Inc. (b) 55,152 1,828,840 
  124,737,691 
Life Sciences Tools & Services - 0.9%   
Accelerate Diagnostics, Inc. (a)(b) 48,811 1,200,751 
Agilent Technologies, Inc. 623,247 42,094,102 
Bio-Rad Laboratories, Inc. Class A (b) 38,796 12,620,339 
Bio-Techne Corp. 72,516 13,935,400 
Bruker Corp. 204,025 7,259,210 
Cambrex Corp. (b) 66,661 4,492,951 
Charles River Laboratories International, Inc. (b) 93,768 11,581,286 
ChromaDex, Inc. (a)(b) 56,591 256,357 
Codexis, Inc. (b) 74,109 1,274,675 
Enzo Biochem, Inc. (b) 66,443 304,973 
Fluidigm Corp. (a)(b) 46,109 365,183 
Harvard Bioscience, Inc. (b) 53,166 316,338 
Illumina, Inc. (b) 284,128 100,817,138 
Luminex Corp. 75,617 2,133,156 
Medpace Holdings, Inc. (b) 50,255 3,004,746 
Mettler-Toledo International, Inc. (b) 48,948 28,608,148 
Nanostring Technologies, Inc. (b) 49,108 794,076 
NeoGenomics, Inc. (b) 145,940 2,021,269 
Pacific Biosciences of California, Inc. (a)(b) 198,134 988,689 
PerkinElmer, Inc. 212,888 19,677,238 
PRA Health Sciences, Inc. (b) 110,524 11,671,334 
Quintiles Transnational Holdings, Inc. (b) 311,623 39,604,167 
Syneos Health, Inc. (b) 116,220 5,793,567 
Thermo Fisher Scientific, Inc. 778,338 186,100,616 
Waters Corp. (b) 151,379 28,683,293 
  525,599,002 
Pharmaceuticals - 4.0%   
AcelRx Pharmaceuticals, Inc. (a)(b) 65,025 201,578 
Acer Therapeutics, Inc. (b) 9,342 299,691 
Aclaris Therapeutics, Inc. (a)(b) 40,572 645,906 
Adamis Pharmaceuticals Corp. (a)(b) 48,966 139,553 
Aerie Pharmaceuticals, Inc. (a)(b) 78,816 4,835,362 
Agile Therapeutics, Inc. (b) 87,068 25,511 
Akcea Therapeutics, Inc. (a)(b) 34,733 917,299 
Akorn, Inc. (b) 181,300 2,844,597 
Alimera Sciences, Inc. (a)(b) 22,049 22,931 
Allergan PLC 657,234 125,998,330 
Amneal Pharmaceuticals, Inc. (a)(b) 143,636 3,317,992 
Amphastar Pharmaceuticals, Inc. (b) 63,932 1,213,429 
Ampio Pharmaceuticals, Inc. (a)(b) 168,674 106,096 
ANI Pharmaceuticals, Inc. (b) 15,497 901,925 
ANI Pharmaceuticals, Inc. rights (b)(c) 21,445 0 
Apricus Biosciences, Inc. (b) 41,618 13,734 
Aradigm Corp. (a)(b) 17,241 23,275 
Aratana Therapeutics, Inc. (b) 80,168 424,890 
Assembly Biosciences, Inc. (b) 37,235 1,489,400 
Assertio Therapeutics, Inc. (a)(b) 137,271 875,789 
AstraZeneca PLC rights (b)(c) 7,692 0 
Athenex, Inc. (b) 67,984 1,116,977 
Axsome Therapeutics, Inc. (a)(b) 21,511 74,213 
Bio Path Holdings, Inc. (a)(b) 16,665 22,664 
Biodelivery Sciences International, Inc. (b) 170,623 507,603 
BioPharmX Corp. (a)(b) 64,864 10,138 
Bristol-Myers Squibb Co. 3,166,410 191,726,126 
Catalent, Inc. (b) 281,165 11,752,697 
Cerecor, Inc. (a)(b) 17,078 82,487 
Chiasma, Inc. (b) 8,745 20,551 
Clearside Biomedical, Inc. (b) 59,205 403,186 
Collegium Pharmaceutical, Inc. (a)(b) 37,819 646,705 
ContraVir Pharmaceuticals, Inc. (a)(b) 18,614 13,774 
Corcept Therapeutics, Inc. (a)(b) 180,660 2,713,513 
Corium International, Inc. (a)(b) 42,043 410,340 
CorMedix, Inc. (a)(b) 48,587 30,124 
Cumberland Pharmaceuticals, Inc. (b) 7,158 42,304 
CymaBay Therapeutics, Inc. (a)(b) 115,491 1,574,142 
Dermira, Inc. (a)(b) 70,654 672,626 
Dova Pharmaceuticals, Inc. (a)(b) 24,096 613,243 
Durect Corp. (b) 291,543 381,921 
Egalet Corp. (a)(b) 12,340 4,751 
Eli Lilly & Co. 1,852,484 195,714,935 
Eloxx Pharmaceuticals, Inc. (a)(b) 47,990 879,177 
Endo International PLC (b) 391,608 6,716,077 
Endocyte, Inc. (b) 117,449 2,316,094 
Evofem Biosciences, Inc. (b) 1,682 6,829 
Evolus, Inc. (b) 20,100 514,359 
Eyepoint Pharmaceuticals, Inc. (a)(b) 68,488 149,989 
Flex Pharma, Inc. (a)(b) 10,224 5,061 
Gemphire Therapeutics, Inc. (a)(b) 13,477 18,868 
Horizon Pharma PLC (b) 317,826 6,718,842 
Imprimis Pharmaceuticals, Inc. (a)(b) 10,757 32,701 
InflaRx NV (b) 8,911 299,410 
Innoviva, Inc. (a)(b) 134,795 1,957,223 
Intersect ENT, Inc. (b) 61,422 1,799,665 
Intra-Cellular Therapies, Inc. (b) 90,774 1,991,582 
Jazz Pharmaceuticals PLC (b) 117,285 20,046,352 
Johnson & Johnson 5,193,970 699,575,819 
Kala Pharmaceuticals, Inc. (b) 12,699 171,563 
KemPharm, Inc. (a)(b) 9,786 50,887 
Lannett Co., Inc. (a)(b) 55,565 297,273 
Lipocine, Inc. (a)(b) 20,645 30,761 
Mallinckrodt PLC (a)(b) 161,170 5,553,918 
Marinus Pharmaceuticals, Inc. (a)(b) 44,865 320,336 
Melinta Therapeutics, Inc. (b) 86,180 402,892 
Merck & Co., Inc. 5,212,503 357,525,581 
Mersana Therapeutics, Inc. (a)(b) 8,641 120,542 
Mustang Bio, Inc. (a)(b) 46,728 323,358 
Mylan NV (b) 1,004,926 39,322,754 
MyoKardia, Inc. (b) 65,691 4,049,850 
Nektar Therapeutics (a)(b) 312,604 20,785,040 
Neos Therapeutics, Inc. (b) 42,039 241,724 
Novan, Inc. (b) 7,147 20,583 
Novus Therapeutics, Inc. (b) 4,578 21,746 
Ocular Therapeutix, Inc. (b) 54,730 369,428 
Odonate Therapeutics, Inc. (a)(b) 11,840 227,210 
Omeros Corp. (a)(b) 96,420 2,495,350 
Onconova Therapeutics, Inc. (b) 624 268 
Otonomy, Inc. (b) 38,289 114,867 
Pacira Pharmaceuticals, Inc. (b) 77,357 3,647,383 
Pain Therapeutics, Inc. (a)(b) 4,934 5,033 
Paratek Pharmaceuticals, Inc. (a)(b) 50,371 516,303 
Pernix Therapeutics Holdings, Inc. (a)(b) 4,109 4,438 
Perrigo Co. PLC 254,814 19,495,819 
Pfizer, Inc. 11,312,751 469,705,422 
Phibro Animal Health Corp. Class A 42,271 1,995,191 
Plx Pharma PLC/New (b) 290 957 
Prestige Brands Holdings, Inc. (a)(b) 103,367 3,979,630 
Reata Pharmaceuticals, Inc. (b) 30,461 2,630,612 
resTORbio, Inc. (a)(b) 5,960 70,507 
Revance Therapeutics, Inc. (b) 53,023 1,452,830 
Rhythm Pharmaceuticals, Inc. 38,788 1,221,822 
scPharmaceuticals, Inc. (a)(b) 5,674 29,051 
SCYNEXIS, Inc. (b) 57,121 77,113 
SIGA Technologies, Inc. (b) 136,087 1,119,996 
Spero Therapeutics, Inc. (a)(b) 17,885 204,068 
Supernus Pharmaceuticals, Inc. (b) 101,178 4,482,185 
Teligent, Inc. (a)(b) 140,525 567,721 
Tetraphase Pharmaceuticals, Inc. (b) 88,378 312,858 
The Medicines Company (a)(b) 125,813 4,983,453 
TherapeuticsMD, Inc. (a)(b) 357,620 2,317,378 
Theravance Biopharma, Inc. (a)(b) 78,547 2,275,507 
Titan Pharmaceuticals, Inc. (a)(b) 11,285 8,294 
VIVUS, Inc. (a)(b) 157,068 88,272 
WAVE Life Sciences (b) 28,404 1,513,933 
Zoetis, Inc. Class A 935,759 84,779,765 
Zogenix, Inc. (a)(b) 80,163 3,871,873 
Zynerba Pharmaceuticals, Inc. (b) 23,422 188,079 
  2,339,851,780 
TOTAL HEALTH CARE  8,270,622,371 
INDUSTRIALS - 10.3%   
Aerospace & Defense - 2.4%   
AAR Corp. 61,245 2,858,304 
Aerojet Rocketdyne Holdings, Inc. (a)(b) 144,557 5,075,396 
AeroVironment, Inc. (a)(b) 42,201 3,712,000 
Arconic, Inc. 831,375 18,606,173 
Arotech Corp. (b) 32,173 107,780 
Astronics Corp. (b) 43,941 1,911,873 
Astrotech Corp. (b) 1,741 5,972 
Axon Enterprise, Inc. (b) 110,441 7,538,703 
BWX Technologies, Inc. 198,337 12,162,025 
CPI Aerostructures, Inc. (b) 5,980 49,933 
Cubic Corp. 52,237 3,954,341 
Curtiss-Wright Corp. 85,994 11,518,896 
Ducommun, Inc. (b) 17,547 713,987 
Engility Holdings, Inc. (b) 33,913 1,177,120 
Esterline Technologies Corp. (b) 49,383 4,244,469 
General Dynamics Corp. 534,817 103,433,608 
Harris Corp. 230,443 37,449,292 
HEICO Corp. 112,063 10,161,873 
HEICO Corp. Class A 99,272 7,395,764 
Hexcel Corp. 172,525 11,407,353 
Huntington Ingalls Industries, Inc. 85,477 20,896,562 
Innovative Solutions & Support, Inc. (b) 21,878 57,977 
KEYW Holding Corp. (a)(b) 83,554 711,045 
KLX, Inc. (b) 99,257 7,329,137 
Kratos Defense & Security Solutions, Inc. (a)(b) 188,108 2,513,123 
L3 Technologies, Inc. 150,372 32,137,504 
Lockheed Martin Corp. 480,522 153,964,054 
Mercury Systems, Inc. (b) 94,994 5,178,123 
Micronet Enertec Technologies, Inc. (b) 3,018 3,803 
Moog, Inc. Class A 63,191 4,986,402 
National Presto Industries, Inc. (a) 9,348 1,239,545 
Northrop Grumman Corp. 337,543 100,753,210 
Raytheon Co. 555,761 110,840,974 
Rockwell Collins, Inc. 315,740 42,924,853 
SIFCO Industries, Inc. (b) 891 4,678 
Sparton Corp. (b) 13,384 170,914 
Spirit AeroSystems Holdings, Inc. Class A 218,638 18,693,549 
Teledyne Technologies, Inc. (b) 71,647 16,998,967 
Textron, Inc. 501,644 34,628,485 
The Boeing Co. 1,059,025 363,023,180 
TransDigm Group, Inc. (a) 93,780 32,823,000 
Triumph Group, Inc. 96,901 2,015,541 
United Technologies Corp. 1,436,142 189,139,901 
Vectrus, Inc. (b) 21,828 716,395 
Wesco Aircraft Holdings, Inc. (b) 115,814 1,407,140 
  1,386,642,924 
Air Freight & Logistics - 0.6%   
Air Transport Services Group, Inc. (b) 93,235 1,897,332 
Atlas Air Worldwide Holdings, Inc. (b) 53,392 3,251,573 
C.H. Robinson Worldwide, Inc. 268,656 25,812,468 
Echo Global Logistics, Inc. (b) 48,848 1,621,754 
Expeditors International of Washington, Inc. 336,984 24,694,188 
FedEx Corp. 473,704 115,560,091 
Forward Air Corp. 54,775 3,519,842 
Hub Group, Inc. Class A (b) 68,591 3,625,034 
Radiant Logistics, Inc. (b) 54,959 239,072 
United Parcel Service, Inc. Class B 1,334,412 163,972,547 
XPO Logistics, Inc. (b) 203,064 21,626,316 
  365,820,217 
Airlines - 0.4%   
Alaska Air Group, Inc. 239,265 16,147,995 
Allegiant Travel Co. 26,478 3,607,628 
American Airlines Group, Inc. (a) 803,180 32,512,726 
Delta Air Lines, Inc. 1,245,372 72,829,355 
Hawaiian Holdings, Inc. 101,162 4,198,223 
JetBlue Airways Corp. (b) 604,815 11,539,870 
SkyWest, Inc. 103,271 6,743,596 
Southwest Airlines Co. 1,029,855 63,130,112 
Spirit Airlines, Inc. (a)(b) 136,282 6,476,121 
United Continental Holdings, Inc. (b) 453,940 39,683,435 
  256,869,061 
Building Products - 0.4%   
A.O. Smith Corp. 280,791 16,308,341 
AAON, Inc. (a) 75,766 3,060,946 
Advanced Drain Systems, Inc. Del 80,409 2,520,822 
Allegion PLC 182,670 15,932,477 
American Woodmark Corp. (b) 25,723 2,185,169 
Apogee Enterprises, Inc. 57,956 2,852,594 
Armstrong World Industries, Inc. (b) 101,993 7,119,111 
Builders FirstSource, Inc. (b) 211,226 3,299,350 
Continental Building Products, Inc. (b) 69,835 2,604,846 
COVIA Corp. (a)(b) 69,245 784,546 
CSW Industrials, Inc. (b) 30,039 1,682,184 
Fortune Brands Home & Security, Inc. 275,918 14,618,136 
GCP Applied Technologies, Inc. (b) 158,460 3,993,192 
Gibraltar Industries, Inc. (b) 65,294 2,964,348 
GMS, Inc. (b) 62,105 1,543,309 
Griffon Corp. 59,127 1,079,068 
Insteel Industries, Inc. 37,939 1,454,961 
Jeld-Wen Holding, Inc. (b) 148,484 3,611,131 
Johnson Controls International PLC (a) 1,789,406 67,585,865 
Lennox International, Inc. 72,228 16,093,121 
Masco Corp. 597,451 22,685,214 
Masonite International Corp. (b) 57,874 3,874,664 
NCI Building Systems, Inc. (b) 83,177 1,405,691 
Owens Corning 214,220 12,129,136 
Patrick Industries, Inc. (b) 43,398 2,777,472 
PGT, Inc. (b) 102,511 2,491,017 
Quanex Building Products Corp. 68,283 1,119,841 
Simpson Manufacturing Co. Ltd. 82,104 6,303,124 
Tecogen, Inc. New (b) 2,274 7,027 
Trex Co., Inc. (b) 113,536 9,616,499 
Universal Forest Products, Inc. 122,245 4,579,298 
USG Corp. (b) 164,740 7,100,294 
  245,382,794 
Commercial Services & Supplies - 0.6%   
ABM Industries, Inc. 140,028 4,441,688 
ACCO Brands Corp. 198,147 2,457,023 
ADS Waste Holdings, Inc. (b) 88,843 2,370,331 
Aqua Metals, Inc. (a)(b) 55,073 133,827 
ARC Document Solutions, Inc. (b) 67,501 217,353 
Brady Corp. Class A 100,860 4,079,787 
Casella Waste Systems, Inc. Class A (b) 75,879 2,153,446 
CECO Environmental Corp. 48,389 408,403 
Cintas Corp. 166,096 35,439,904 
Clean Harbors, Inc. (b) 97,820 6,709,474 
Copart, Inc. (b) 391,866 25,200,902 
Covanta Holding Corp. 268,834 4,744,920 
Deluxe Corp. 99,293 5,880,131 
Document Security Systems, Inc. (b) 4,956 6,096 
Ennis, Inc. 45,103 983,245 
Essendant, Inc. 81,308 1,173,274 
Evoqua Water Technologies Corp. (a)(b) 129,946 2,518,353 
Fuel Tech, Inc. (b) 51,934 61,282 
Healthcare Services Group, Inc. 146,219 6,025,685 
Heritage-Crystal Clean, Inc. (b) 24,833 578,609 
Herman Miller, Inc. 110,582 4,235,291 
HNI Corp. 80,621 3,555,386 
Hudson Technologies, Inc. (a)(b) 56,393 105,455 
Industrial Services of America, Inc. (b) 1,620 3,750 
Interface, Inc. 108,800 2,562,240 
Intersections, Inc. (a)(b) 12,865 22,256 
KAR Auction Services, Inc. 260,140 16,308,177 
Kimball International, Inc. Class B 67,655 1,181,933 
Knoll, Inc. 98,653 2,322,292 
LSC Communications, Inc. 75,405 922,203 
Matthews International Corp. Class A 64,028 3,323,053 
McGrath RentCorp. 45,864 2,660,112 
Mobile Mini, Inc. 87,122 3,737,534 
Msa Safety, Inc. 64,315 6,501,603 
Multi-Color Corp. 29,677 1,832,555 
NL Industries, Inc. (b) 9,391 74,189 
Odyssey Marine Exploration, Inc. (a)(b) 19,370 180,528 
Performant Financial Corp. (b) 31,038 75,112 
Perma-Fix Environmental Services, Inc. (b) 6,937 32,951 
PICO Holdings, Inc. 40,505 484,035 
Pitney Bowes, Inc. 355,612 2,581,743 
Quad/Graphics, Inc. 60,578 1,379,361 
Quest Resource Holding Corp. (b) 2,977 6,401 
R.R. Donnelley & Sons Co. 149,303 755,473 
Republic Services, Inc. 436,427 32,016,285 
Rollins, Inc. 202,826 12,185,786 
SP Plus Corp. (b) 41,799 1,625,981 
Steelcase, Inc. Class A 174,208 2,543,437 
Stericycle, Inc. (b) 167,390 10,326,289 
Team, Inc. (a)(b) 59,115 1,377,380 
Tetra Tech, Inc. 110,597 7,719,671 
The Brink's Co. 99,071 7,440,232 
U.S. Ecology, Inc. 42,920 3,122,430 
UniFirst Corp. 31,673 5,865,840 
Viad Corp. 42,117 2,594,407 
Virco Manufacturing Co. 2,682 13,276 
VSE Corp. 14,696 566,972 
Waste Management, Inc. 769,545 69,951,641 
  317,776,993 
Construction & Engineering - 0.2%   
AECOM (b) 308,868 10,390,320 
Aegion Corp. (b) 60,444 1,508,682 
Ameresco, Inc. Class A (b) 38,199 548,156 
Argan, Inc. 31,781 1,264,884 
Comfort Systems U.S.A., Inc. 69,706 4,001,124 
Construction Partners, Inc. Class A 10,594 128,717 
Dycom Industries, Inc. (a)(b) 59,430 4,986,771 
EMCOR Group, Inc. 114,642 9,182,824 
Fluor Corp. 271,131 15,565,631 
Goldfield Corp. 41,171 195,562 
Granite Construction, Inc. 87,105 3,978,956 
Great Lakes Dredge & Dock Corp. (b) 84,939 465,041 
HC2 Holdings, Inc. (b) 59,402 372,451 
Ies Holdings, Inc. (b) 16,326 312,643 
Jacobs Engineering Group, Inc. 231,718 16,843,581 
KBR, Inc. 285,164 5,982,741 
Keane Group, Inc. (b) 93,529 1,148,536 
MasTec, Inc. (a)(b) 122,920 5,383,896 
MYR Group, Inc. (b) 33,116 1,151,443 
Northwest Pipe Co. (b) 13,547 244,659 
NV5 Holdings, Inc. (b) 21,059 1,862,669 
Orion Group Holdings, Inc. (b) 40,114 345,783 
Primoris Services Corp. 85,135 2,133,483 
Quanta Services, Inc. (b) 285,747 9,883,989 
Sterling Construction Co., Inc. (b) 41,743 607,361 
Tutor Perini Corp. (a)(b) 72,569 1,476,779 
Valmont Industries, Inc. 47,070 6,608,628 
Williams Scotsman Corp. (a)(b) 94,877 1,655,604 
  108,230,914 
Electrical Equipment - 0.7%   
Acuity Brands, Inc. 78,436 11,988,158 
Allied Motion Technologies, Inc. 12,157 593,748 
American Superconductor Corp. (a)(b) 28,086 171,325 
AMETEK, Inc. 449,417 34,587,132 
AZZ, Inc. 51,737 2,780,864 
Babcock & Wilcox Enterprises, Inc. (a)(b) 351,396 491,954 
Broadwind Energy, Inc. (b) 15,938 34,745 
Capstone Turbine Corp. (a)(b) 116,532 130,516 
Eaton Corp. PLC 843,603 70,137,153 
Emerson Electric Co. 1,217,413 93,412,099 
Encore Wire Corp. 41,219 2,071,255 
Energous Corp. (a)(b) 37,680 483,058 
Energy Focus, Inc. (a)(b) 8,003 17,206 
EnerSys 85,554 7,100,126 
Enphase Energy, Inc. (a)(b) 145,162 709,842 
EnSync, Inc. (b) 32,445 11,356 
Espey Manufacturing & Electronics Corp. 2,015 53,901 
Fortive Corp. 590,464 49,587,167 
FuelCell Energy, Inc. (a)(b) 124,980 146,227 
Generac Holdings, Inc. (b) 118,381 6,568,962 
GrafTech International Ltd. 92,608 1,711,396 
Hubbell, Inc. Class B 106,910 13,509,148 
Ideal Power, Inc. (a)(b) 38,104 25,160 
LSI Industries, Inc. 41,234 213,180 
Ocean Power Technologies, Inc. (a)(b) 1,104 818 
Orion Energy Systems, Inc. (b) 20,733 19,738 
Plug Power, Inc. (a)(b) 485,070 955,588 
Powell Industries, Inc. 13,455 526,763 
Preformed Line Products Co. 3,783 309,071 
Regal Beloit Corp. 88,822 7,434,401 
Revolution Lighting Technologies, Inc. (a)(b) 12,794 34,672 
Rockwell Automation, Inc. 240,440 43,510,022 
Sensata Technologies, Inc. PLC (a)(b) 332,749 17,619,060 
Sunrun, Inc. (a)(b) 135,686 1,780,200 
Sunworks, Inc. (a)(b) 12,722 8,759 
Thermon Group Holdings, Inc. (b) 61,565 1,649,942 
TPI Composites, Inc. (b) 29,824 835,967 
Ultralife Corp. (b) 13,410 115,997 
Vicor Corp. (b) 36,584 2,284,671 
Vivint Solar, Inc. (b) 47,226 247,937 
  373,869,284 
Industrial Conglomerates - 1.3%   
3M Co. 1,148,186 242,175,391 
Carlisle Companies, Inc. 118,678 15,049,557 
General Electric Co. 16,832,865 217,817,273 
Honeywell International, Inc. 1,442,899 229,507,515 
ITT, Inc. 172,118 10,173,895 
Raven Industries, Inc. 69,340 3,356,056 
Roper Technologies, Inc. 199,894 59,642,373 
  777,722,060 
Machinery - 1.8%   
Actuant Corp. Class A 125,422 3,693,678 
AGCO Corp. 131,250 7,830,375 
Alamo Group, Inc. 17,898 1,705,679 
Albany International Corp. Class A 62,689 4,836,456 
Allison Transmission Holdings, Inc. 248,055 12,318,411 
Altra Industrial Motion Corp. (a) 59,112 2,308,324 
American Railcar Industries, Inc. 11,797 540,539 
Apergy Corp. (a)(b) 151,299 6,841,741 
ARC Group Worldwide, Inc. (b) 1,450 2,755 
Astec Industries, Inc. 38,170 1,856,971 
Barnes Group, Inc. 99,892 6,798,650 
Blue Bird Corp. (a)(b) 19,796 454,318 
Briggs & Stratton Corp. 97,049 1,956,508 
Cactus, Inc. (b) 76,604 2,618,325 
Caterpillar, Inc. 1,154,351 160,281,636 
Chart Industries, Inc. (a)(b) 59,494 4,494,772 
CIRCOR International, Inc. 43,898 1,991,213 
Colfax Corp. (b) 200,004 6,984,140 
Columbus McKinnon Corp. (NY Shares) 35,569 1,512,750 
Commercial Vehicle Group, Inc. (b) 77,079 752,291 
Crane Co. 102,153 9,324,526 
Cummins, Inc. 297,973 42,252,571 
Deere & Co. 626,898 90,147,932 
Dmc Global, Inc. 26,383 1,035,533 
Donaldson Co., Inc. 259,438 13,127,563 
Douglas Dynamics, Inc. 45,549 2,086,144 
Dover Corp. 297,645 25,558,776 
Eastern Co. 5,588 164,846 
Energy Recovery, Inc. (a)(b) 61,650 597,389 
EnPro Industries, Inc. 39,127 2,937,264 
ESCO Technologies, Inc. 51,155 3,460,636 
ExOne Co. (a)(b) 13,829 122,110 
Federal Signal Corp. 119,603 3,113,266 
Flowserve Corp. 256,637 13,375,920 
Franklin Electric Co., Inc. 78,635 3,845,252 
FreightCar America, Inc. 19,411 328,240 
Gardner Denver Holdings, Inc. (b) 133,892 3,743,620 
Gates Industrial Corp. PLC (b) 113,859 2,075,650 
Gencor Industries, Inc. (b) 2,773 35,772 
Global Brass & Copper Holdings, Inc. 40,805 1,573,033 
Gorman-Rupp Co. 39,337 1,442,094 
Graco, Inc. 320,025 15,044,375 
Graham Corp. 13,997 389,257 
Greenbrier Companies, Inc. (a) 53,689 3,113,962 
Harsco Corp. (b) 164,375 4,643,594 
Hillenbrand, Inc. 122,624 6,272,218 
Hurco Companies, Inc. 7,331 314,500 
Hyster-Yale Materials Handling Class A 17,565 1,083,761 
IDEX Corp. 156,102 23,916,387 
Illinois Tool Works, Inc. 588,618 81,747,268 
Ingersoll-Rand PLC 478,155 48,432,320 
Jason Industries, Inc. (b) 13,118 36,337 
John Bean Technologies Corp. 63,649 7,529,677 
Kadant, Inc. 21,551 2,177,729 
Kennametal, Inc. 154,088 6,292,954 
L.B. Foster Co. Class A (b) 14,781 336,268 
Lincoln Electric Holdings, Inc. 119,307 11,233,947 
Lindsay Corp. 21,677 2,076,006 
LiqTech International, Inc. (b) 29,487 37,448 
Lydall, Inc. (b) 35,107 1,502,580 
Manitex International, Inc. (b) 22,611 239,224 
Manitowoc Co., Inc. (b) 77,458 1,796,251 
Meritor, Inc. (b) 165,960 3,594,694 
Middleby Corp. (a)(b) 106,607 12,957,015 
Milacron Holdings Corp. (b) 108,228 2,294,434 
Miller Industries, Inc. 17,053 491,126 
Mueller Industries, Inc. 105,921 3,386,294 
Mueller Water Products, Inc. Class A 293,253 3,392,937 
Navistar International Corp. New (b) 135,078 5,885,348 
NN, Inc. 52,533 1,050,660 
Nordson Corp. 100,267 13,939,118 
Omega Flex, Inc. 9,376 832,120 
Oshkosh Corp. 140,191 9,849,820 
PACCAR, Inc. 679,547 46,494,606 
Park-Ohio Holdings Corp. 14,422 597,792 
Parker Hannifin Corp. 253,685 44,547,086 
Pentair PLC (a) 305,732 13,293,227 
ProPetro Holding Corp. (a)(b) 135,286 2,059,053 
Proto Labs, Inc. (b) 50,933 7,917,535 
RBC Bearings, Inc. (b) 45,770 6,856,804 
Rexnord Corp. (b) 212,340 6,164,230 
Snap-On, Inc. 109,115 19,289,350 
Spartan Motors, Inc. 58,691 848,085 
SPX Corp. (b) 82,686 2,810,497 
SPX Flow, Inc. (b) 81,195 3,892,488 
Standex International Corp. 25,325 2,732,568 
Stanley Black & Decker, Inc. 297,054 41,744,999 
Sun Hydraulics Corp. 54,328 2,734,872 
Tennant Co. 37,244 2,851,028 
Terex Corp. 134,325 5,205,094 
The L.S. Starrett Co. Class A 4,836 30,950 
Timken Co. 132,173 6,430,216 
Titan International, Inc. 99,148 741,627 
Toro Co. 202,538 12,312,285 
TriMas Corp. (b) 87,891 2,698,254 
Trinity Industries, Inc. 282,304 10,117,775 
Twin Disc, Inc. (b) 12,776 326,427 
Wabash National Corp. 128,198 2,338,332 
WABCO Holdings, Inc. (b) 97,717 12,027,008 
Wabtec Corp. (a) 164,993 17,872,042 
Watts Water Technologies, Inc. Class A 51,551 4,250,380 
Woodward, Inc. 106,719 8,597,283 
Xerium Technologies, Inc. (b) 24,055 323,299 
Xylem, Inc. 346,859 26,330,067 
  1,040,452,557 
Marine - 0.0%   
Genco Shipping & Trading Ltd. (b) 30,037 412,408 
Kirby Corp. (b) 104,255 9,101,462 
Matson, Inc. 77,859 2,908,812 
  12,422,682 
Professional Services - 0.5%   
Acacia Research Corp. (b) 85,808 334,651 
Asgn, Inc. (b) 102,509 9,491,308 
Barrett Business Services, Inc. 14,280 1,071,428 
BG Staffing, Inc. 15,034 366,228 
CBIZ, Inc. (b) 102,613 2,452,451 
CoStar Group, Inc. (b) 70,825 31,315,982 
CRA International, Inc. 15,589 891,067 
Dun & Bradstreet Corp. 69,069 9,871,341 
Equifax, Inc. 231,868 31,063,356 
Exponent, Inc. 105,908 5,544,284 
Forrester Research, Inc. 19,263 947,740 
Franklin Covey Co. (b) 21,149 541,414 
FTI Consulting, Inc. (b) 72,107 5,495,996 
GP Strategies Corp. (b) 24,233 461,639 
Heidrick & Struggles International, Inc. 35,167 1,554,381 
Hudson Global, Inc. (b) 13,947 24,128 
Huron Consulting Group, Inc. (b) 44,292 2,192,454 
ICF International, Inc. 39,140 3,195,781 
IHS Markit Ltd. (b) 692,751 38,101,305 
InnerWorkings, Inc. (b) 93,417 730,521 
Insperity, Inc. 75,823 9,087,387 
Kelly Services, Inc. Class A (non-vtg.) 58,614 1,477,659 
Kforce, Inc. 47,957 2,016,592 
Korn/Ferry International 104,534 7,017,367 
Manpower, Inc. 124,187 11,640,048 
Marathon Patent Group, Inc. (a)(b) 2,210 2,166 
Mastech Digital, Inc. (b) 746 7,833 
MISTRAS Group, Inc. (b) 29,557 674,195 
Navigant Consulting, Inc. 88,402 2,111,924 
Nielsen Holdings PLC 643,338 16,726,788 
RCM Technologies, Inc. 9,908 48,549 
Reis, Inc. 9,166 211,276 
Resources Connection, Inc. 51,824 857,687 
Robert Half International, Inc. 239,490 18,723,328 
TransUnion Holding Co., Inc. 293,200 22,077,960 
TriNet Group, Inc. (b) 78,552 4,640,067 
TrueBlue, Inc. (b) 75,110 2,200,723 
Verisk Analytics, Inc. (b) 297,961 35,484,175 
Volt Information Sciences, Inc. (b) 6,248 21,868 
WageWorks, Inc. (a)(b) 80,292 4,295,622 
Willdan Group, Inc. (a)(b) 10,974 344,254 
  285,314,923 
Road & Rail - 1.0%   
AMERCO 13,656 5,119,498 
ArcBest Corp. 51,704 2,486,962 
Avis Budget Group, Inc. (b) 136,725 4,253,515 
Covenant Transport Group, Inc. Class A (b) 19,818 591,964 
CSX Corp. 1,690,565 125,372,300 
Daseke, Inc. (b) 99,388 893,498 
Genesee & Wyoming, Inc. Class A (b) 114,611 10,073,161 
Heartland Express, Inc. 106,928 2,186,678 
J.B. Hunt Transport Services, Inc. 163,958 19,797,929 
Kansas City Southern 196,910 22,833,684 
Knight-Swift Transportation Holdings, Inc. Class A 245,159 8,367,277 
Landstar System, Inc. 82,670 9,573,186 
Marten Transport Ltd. 73,518 1,621,072 
Norfolk Southern Corp. 547,449 95,168,534 
Old Dominion Freight Lines, Inc. 133,852 20,399,045 
P.A.M. Transportation Services, Inc. (b) 3,193 186,056 
Patriot Transportation Holding, Inc. (b) 1,280 25,971 
Roadrunner Transportation Systems, Inc. (b) 43,638 56,729 
Ryder System, Inc. 101,736 7,817,394 
Saia, Inc. (b) 54,211 4,296,222 
Schneider National, Inc. Class B 73,442 1,986,606 
U.S.A. Truck, Inc. (b) 13,000 284,830 
Union Pacific Corp. 1,498,104 225,644,424 
Universal Logistics Holdings, Inc. 19,202 702,793 
Werner Enterprises, Inc. (a) 93,918 3,479,662 
YRC Worldwide, Inc. (b) 47,961 458,987 
  573,677,977 
Trading Companies & Distributors - 0.4%   
AeroCentury Corp. (b) 688 11,799 
Air Lease Corp. Class A 196,588 9,084,331 
Aircastle Ltd. 114,719 2,399,921 
Applied Industrial Technologies, Inc. 73,619 5,672,344 
Beacon Roofing Supply, Inc. (b) 133,931 4,966,161 
BlueLinx Corp. (a)(b) 15,461 555,514 
BMC Stock Holdings, Inc. (b) 114,770 2,582,325 
CAI International, Inc. (b) 29,270 789,997 
DXP Enterprises, Inc. (b) 35,307 1,620,238 
EnviroStar, Inc. 2,922 138,065 
Fastenal Co. 550,441 32,123,737 
GATX Corp. 72,462 6,119,416 
General Finance Corp. (b) 24,408 333,169 
H&E Equipment Services, Inc. 57,616 2,005,613 
HD Supply Holdings, Inc. (b) 361,647 16,487,487 
Herc Holdings, Inc. (b) 53,715 2,824,335 
Houston Wire & Cable Co. (b) 17,990 147,518 
Huttig Building Products, Inc. (a)(b) 22,831 118,265 
Kaman Corp. 55,700 3,632,197 
Lawson Products, Inc. (b) 6,300 212,310 
MRC Global, Inc. (b) 173,407 3,573,918 
MSC Industrial Direct Co., Inc. Class A 88,439 7,559,766 
Nexeo Solutions, Inc. (b) 103,751 1,038,548 
Now, Inc. (a)(b) 223,998 3,850,526 
Rush Enterprises, Inc. Class A 66,284 2,847,561 
SiteOne Landscape Supply, Inc. (a)(b) 75,950 6,863,602 
Systemax, Inc. 25,488 930,312 
Titan Machinery, Inc. (b) 39,035 704,972 
Transcat, Inc. (b) 1,764 42,953 
Triton International Ltd. 90,645 3,424,568 
United Rentals, Inc. (b) 161,067 25,105,513 
Univar, Inc. (b) 216,684 6,028,149 
Veritiv Corp. (b) 20,555 981,501 
W.W. Grainger, Inc. 99,004 35,054,346 
Watsco, Inc. 63,561 11,122,539 
WESCO International, Inc. (b) 89,453 5,470,051 
Willis Lease Finance Corp. (b) 3,680 126,150 
  206,549,717 
Transportation Infrastructure - 0.0%   
Macquarie Infrastructure Co. LLC 155,741 7,326,057 
TOTAL INDUSTRIALS  5,958,058,160 
INFORMATION TECHNOLOGY - 25.3%   
Communications Equipment - 1.2%   
ADTRAN, Inc. 98,876 1,700,667 
Aerohive Networks, Inc. (b) 130,171 549,322 
Applied Optoelectronics, Inc. (a)(b) 37,490 1,550,586 
Arista Networks, Inc. (b) 92,276 27,588,678 
Arris International PLC (b) 342,940 8,885,575 
Aviat Networks, Inc. (b) 5,550 98,790 
Bank Technologies, Inc. 9,436 35,857 
Black Box Corp. (a)(b) 16,753 20,941 
Blonder Tongue Laboratories, Inc. (a)(b) 3,352 4,525 
CalAmp Corp. (b) 63,415 1,490,253 
Calix Networks, Inc. (b) 78,308 610,802 
Carvana Co. Class A (a)(b) 64,380 4,167,961 
Ciena Corp. (b) 279,723 8,833,652 
Cisco Systems, Inc. 9,094,558 434,447,036 
Clearfield, Inc. (a)(b) 16,017 218,632 
CommScope Holding Co., Inc. (b) 384,070 12,171,178 
Communications Systems, Inc. 4,311 14,744 
Comtech Telecommunications Corp. 47,745 1,711,658 
Dasan Zhone Solutions, Inc. (b) 1,172 12,704 
Digi International, Inc. (b) 40,102 539,372 
EchoStar Holding Corp. Class A (b) 101,657 4,879,536 
EMCORE Corp. (b) 50,451 244,687 
Extreme Networks, Inc. (b) 245,320 1,538,156 
F5 Networks, Inc. (b) 116,728 22,075,599 
Finisar Corp. (a)(b) 225,637 4,602,995 
Harmonic, Inc. (b) 151,876 827,724 
Infinera Corp. (b) 292,195 2,615,145 
InterDigital, Inc. 69,625 5,751,025 
Juniper Networks, Inc. 666,051 18,935,830 
KVH Industries, Inc. (b) 23,641 294,330 
Lantronix, Inc. (b) 71 378 
Lumentum Holdings, Inc. (a)(b) 121,030 8,217,937 
Motorola Solutions, Inc. 316,034 40,566,124 
NETGEAR, Inc. (b) 61,250 4,339,563 
NetScout Systems, Inc. (a)(b) 166,854 4,171,350 
Network-1 Security Solutions, Inc. 21,477 62,283 
Oclaro, Inc. (b) 327,153 3,121,040 
Optical Cable Corp. (b) 564 2,171 
Palo Alto Networks, Inc. (b) 177,269 40,975,729 
PC-Tel, Inc. 11,999 52,076 
Plantronics, Inc. 61,152 4,110,637 
Quantenna Communications, Inc. (b) 45,324 828,069 
Resonant, Inc. (a)(b) 33,716 179,032 
Sonus Networks, Inc. (b) 96,218 665,829 
Tessco Technologies, Inc. 8,837 157,740 
Ubiquiti Networks, Inc. (a) 44,626 4,003,398 
ViaSat, Inc. (a)(b) 110,840 6,962,969 
Viavi Solutions, Inc. (b) 430,589 4,822,597 
Westell Technologies, Inc. Class A (b) 18,994 54,513 
  689,711,395 
Electronic Equipment & Components - 0.9%   
ADT, Inc. (a) 248,071 2,220,235 
Akoustis Technologies, Inc. (a)(b) 16,654 138,894 
Amphenol Corp. Class A 579,462 54,805,516 
Anixter International, Inc. (b) 56,429 4,068,531 
Applied DNA Sciences, Inc. (a)(b) 18,968 23,141 
Arrow Electronics, Inc. (b) 170,045 13,183,589 
Avnet, Inc. 233,063 11,280,249 
AVX Corp. 141,087 2,983,990 
Badger Meter, Inc. 71,423 3,924,694 
Bel Fuse, Inc. Class B (non-vtg.) 13,939 399,352 
Belden, Inc. (a) 76,472 5,561,044 
Benchmark Electronics, Inc. 106,802 2,760,832 
Cardtronics PLC (b) 88,314 3,098,938 
Casa Systems, Inc. (a)(b) 32,499 477,410 
CDW Corp. 293,645 25,711,556 
ClearSign Combustion Corp. (a)(b) 37,840 77,572 
Cognex Corp. 334,381 17,989,698 
Coherent, Inc. (b) 47,244 9,004,706 
Control4 Corp. (b) 35,202 1,140,897 
Corning, Inc. 1,602,127 53,687,276 
CTS Corp. 68,145 2,517,958 
CUI Global, Inc. (b) 26,608 60,134 
Daktronics, Inc. 62,775 509,105 
Dell Technologies, Inc. (b) 384,908 37,016,602 
Dolby Laboratories, Inc. Class A 126,838 8,902,759 
DPW Holdings, Inc. (a)(b) 36,717 17,995 
Echelon Corp. (b) 3,219 27,201 
Electro Scientific Industries, Inc. (a)(b) 77,933 1,710,629 
eMagin Corp. (a)(b) 5,084 7,372 
ePlus, Inc. (b) 25,477 2,640,691 
Fabrinet 71,377 3,416,817 
FARO Technologies, Inc. (b) 33,227 2,266,081 
Fitbit, Inc. (a)(b) 329,669 1,984,607 
FLIR Systems, Inc. 264,525 16,596,299 
Frequency Electronics, Inc. (b) 2,550 21,165 
I. D. Systems Inc. (b) 6,071 39,097 
Identiv, Inc. (b) 13,618 82,661 
IEC Electronics Corp. (b) 4,622 25,375 
II-VI, Inc. (a)(b) 108,470 5,396,383 
Insight Enterprises, Inc. (b) 74,803 4,124,637 
Intellicheck, Inc. (b) 545 1,183 
IPG Photonics Corp. (b) 71,680 12,578,406 
Iteris, Inc. (b) 32,677 168,287 
Itron, Inc. (b) 68,955 4,578,612 
Jabil, Inc. 329,280 9,733,517 
KEMET Corp. (b) 90,175 2,330,122 
KEY Tronic Corp. (b) 6,483 51,864 
Keysight Technologies, Inc. (b) 362,522 23,524,053 
Kimball Electronics, Inc. (b) 32,297 639,481 
Knowles Corp. (b) 178,238 3,231,455 
LightPath Technologies, Inc. Class A (b) 376 805 
Littelfuse, Inc. 48,352 10,809,573 
LRAD Corp. (b) 56,581 172,006 
Luna Innovations, Inc. (b) 1,444 5,372 
Maxwell Technologies, Inc. (a)(b) 69,108 246,716 
Mesa Laboratories, Inc. 6,988 1,402,841 
Methode Electronics, Inc. Class A 72,142 2,860,430 
MicroVision, Inc. (a)(b) 117,860 126,110 
MTS Systems Corp. 33,405 1,807,211 
Napco Security Technolgies, Inc. (b) 19,961 301,411 
National Instruments Corp. 222,128 10,606,612 
Neonode, Inc. (a)(b) 33,197 10,125 
NetList, Inc. (a)(b) 104,599 12,207 
Novanta, Inc. (b) 62,772 4,808,335 
OSI Systems, Inc. (b) 33,928 2,642,652 
Par Technology Corp. (b) 16,979 436,021 
Park Electrochemical Corp. 39,479 844,061 
PC Connection, Inc. 26,383 1,047,405 
PC Mall, Inc. (b) 13,245 301,986 
Perceptron, Inc. (b) 13,154 142,326 
Plexus Corp. (b) 72,969 4,618,208 
RadiSys Corp. (b) 34,231 54,427 
Research Frontiers, Inc. (a)(b) 16,855 19,383 
RF Industries Ltd. 10,801 127,452 
Richardson Electronics Ltd. 23,707 214,074 
Rogers Corp. (b) 37,812 5,220,703 
Sanmina Corp. (b) 138,110 4,253,788 
ScanSource, Inc. (b) 47,085 1,914,005 
SYNNEX Corp. 54,859 5,319,677 
TE Connectivity Ltd. 675,804 61,957,711 
Tech Data Corp. (b) 69,796 5,077,659 
Trimble, Inc. (b) 484,457 20,395,640 
TTM Technologies, Inc. (a)(b) 178,081 3,330,115 
Vishay Intertechnology, Inc. 264,352 6,291,578 
Vishay Precision Group, Inc. (b) 24,989 1,082,024 
Wayside Technology Group, Inc. 1,232 14,784 
Wireless Telecom Group, Inc. (b) 11,200 21,280 
Zebra Technologies Corp. Class A (b) 102,395 17,585,317 
  532,820,698 
Internet Software & Services - 4.7%   
2U, Inc. (a)(b) 111,967 10,005,371 
Akamai Technologies, Inc. (b) 326,630 24,542,978 
Alarm.com Holdings, Inc. (a)(b) 54,404 3,062,401 
Alphabet, Inc.:   
Class A (b) 572,930 705,735,174 
Class C (b) 592,503 721,781,230 
Amber Road, Inc. (b) 55,819 487,300 
ANGI Homeservices, Inc. Class A (a)(b) 114,757 2,485,637 
AppFolio, Inc. (b) 24,746 2,113,308 
Apptio, Inc. Class A (b) 64,694 2,510,127 
Autoweb, Inc. (b) 9,434 32,642 
Benefitfocus, Inc. (a)(b) 50,661 2,234,150 
BlackLine, Inc. (b) 72,946 3,848,631 
Box, Inc. Class A (b) 239,503 5,882,194 
Brightcove, Inc. (b) 59,246 485,817 
BroadVision, Inc. (b) 490 882 
Carbonite, Inc. (b) 65,049 2,702,786 
Care.com, Inc. (b) 25,585 497,117 
CarGurus, Inc. Class A (a) 26,157 1,290,063 
ChannelAdvisor Corp. (b) 44,036 574,670 
Cision Ltd. (b) 115,349 2,088,970 
Cloudera, Inc. (b) 163,925 2,460,514 
Cornerstone OnDemand, Inc. (b) 104,237 5,895,645 
Coupa Software, Inc. (b) 54,059 3,876,571 
Determine, Inc. (b) 552 450 
DHI Group, Inc. (b) 141,360 303,924 
DocuSign, Inc. (a) 43,593 2,721,947 
Dropbox, Inc. Class A (a)(b) 90,419 2,427,750 
eBay, Inc. (b) 1,793,865 62,085,668 
eGain Communications Corp. (b) 36,778 525,925 
Endurance International Group Holdings, Inc. (b) 144,299 1,392,485 
Envestnet, Inc. (b) 94,260 5,957,232 
Etsy, Inc. (b) 212,798 10,361,135 
Facebook, Inc. Class A (b) 4,643,624 816,024,046 
Five9, Inc. (b) 103,789 4,987,061 
Fusion Connect, Inc. (a)(b) 36,836 136,293 
GlowPoint, Inc. (b) 18,770 3,322 
GoDaddy, Inc. (b) 320,456 26,104,346 
Gogo, Inc. (a)(b) 109,584 492,032 
GrubHub, Inc. (a)(b) 172,597 24,872,954 
GTT Communications, Inc. (a)(b) 72,527 3,122,287 
Hortonworks, Inc. (b) 136,805 3,053,488 
IAC/InterActiveCorp (b) 149,632 29,507,430 
Instructure, Inc. (b) 66,082 2,706,058 
Internap Network Services Corp. (b) 24,920 334,426 
Inuvo, Inc. (b) 9,640 6,170 
iPass, Inc. (a)(b) 3,366 6,732 
j2 Global, Inc. 91,978 7,594,623 
Leaf Group Ltd. (b) 21,524 237,840 
Limelight Networks, Inc. (b) 254,165 1,288,617 
Liquidity Services, Inc. (b) 37,923 273,046 
LivePerson, Inc. (b) 121,653 3,272,466 
LogMeIn, Inc. 98,288 8,447,854 
Marchex, Inc. Class B 28,685 82,613 
Marin Software, Inc. (a)(b) 1,425 4,774 
Match Group, Inc. (a)(b) 124,151 6,213,758 
MeetMe, Inc. (b) 126,880 647,088 
MINDBODY, Inc. (a)(b) 64,397 2,389,129 
MongoDB, Inc. Class A (a) 49,623 3,570,871 
New Relic, Inc. (b) 84,195 8,651,878 
Nutanix, Inc. Class A (b) 135,969 7,657,774 
Okta, Inc. (b) 141,250 8,733,488 
Pandora Media, Inc. (a)(b) 482,271 4,456,184 
Q2 Holdings, Inc. (b) 67,613 4,212,290 
QuinStreet, Inc. (b) 78,551 1,191,619 
Qumu Corp. (b) 6,017 14,621 
Quotient Technology, Inc. (b) 150,934 2,256,463 
Remark Holdings, Inc. (a)(b) 33,979 119,606 
SecureWorks Corp. (a)(b) 18,872 251,186 
ShotSpotter, Inc. (a)(b) 8,210 468,298 
Shutterstock, Inc. 36,454 2,006,428 
SPS Commerce, Inc. (b) 36,537 3,590,491 
Stamps.com, Inc. (b) 32,276 8,018,972 
Support.com, Inc. (b) 39,218 108,242 
Synacor, Inc. (b) 20,037 38,571 
TechTarget, Inc. (b) 34,602 830,102 
Telaria, Inc. (b) 40,833 167,824 
The Trade Desk, Inc. (a)(b) 44,565 6,322,882 
Travelzoo, Inc. (b) 5,383 66,749 
TrueCar, Inc. (a)(b) 174,422 2,243,067 
Twilio, Inc. Class A (b) 148,233 11,956,474 
Twitter, Inc. (b) 1,262,666 44,420,590 
VeriSign, Inc. (b) 187,785 29,784,579 
Veritone, Inc. (b) 20,237 211,274 
Web.com Group, Inc. (b) 88,964 2,486,544 
XO Group, Inc. (b) 59,336 1,783,640 
Yelp, Inc. (b) 147,397 6,945,347 
Yext, Inc. (a)(b) 125,704 3,125,001 
Zillow Group, Inc.:   
Class A (b) 91,547 4,403,411 
Class C (a)(b) 229,161 11,148,683 
  2,713,422,296 
IT Services - 4.4%   
Accenture PLC Class A 1,243,715 210,274,895 
Acxiom Corp. (b) 148,845 6,800,728 
Alliance Data Systems Corp. 93,145 22,222,534 
Automatic Data Processing, Inc. 851,797 125,001,210 
Booz Allen Hamilton Holding Corp. Class A 279,997 14,324,647 
Broadridge Financial Solutions, Inc. 225,825 30,517,991 
CACI International, Inc. Class A (b) 49,436 9,640,020 
Cass Information Systems, Inc. 18,117 1,295,909 
Cognizant Technology Solutions Corp. Class A 1,135,612 89,066,049 
Computer Task Group, Inc. (b) 11,646 68,013 
Conduent, Inc. (b) 388,026 8,994,443 
Convergys Corp. 187,983 4,648,820 
CoreLogic, Inc. (b) 158,956 8,081,323 
CSG Systems International, Inc. 69,253 2,586,600 
CSP, Inc. 3,696 48,898 
DXC Technology Co. 548,783 49,988,643 
Edgewater Technology, Inc. (b) 2,875 13,656 
EPAM Systems, Inc. (b) 99,263 14,187,661 
Euronet Worldwide, Inc. (b) 99,267 9,708,313 
Everi Holdings, Inc. (b) 133,235 1,155,147 
EVERTEC, Inc. 119,642 2,877,390 
ExlService Holdings, Inc. (b) 67,145 4,302,652 
Fidelity National Information Services, Inc. 643,459 69,602,960 
First Data Corp. Class A (b) 1,073,625 27,613,635 
Fiserv, Inc. (b) 793,220 63,513,125 
FleetCor Technologies, Inc. (b) 171,972 36,757,295 
Gartner, Inc. (a)(b) 176,404 26,418,263 
Genpact Ltd. 302,672 9,273,870 
Global Payments, Inc. 307,486 38,306,606 
Hackett Group, Inc. 51,835 1,061,062 
IBM Corp. 1,653,732 242,238,663 
Information Services Group, Inc. (b) 18,000 89,100 
Innodata, Inc. (b) 14,010 20,315 
Jack Henry & Associates, Inc. 152,467 24,156,871 
Leidos Holdings, Inc. 274,684 19,439,387 
ManTech International Corp. Class A 56,813 3,767,838 
MasterCard, Inc. Class A 1,774,601 382,532,992 
Maximus, Inc. 130,433 8,673,795 
ModusLink Global Solutions, Inc. (b) 31,030 67,956 
MoneyGram International, Inc. (b) 66,937 435,760 
NIC, Inc. 134,488 2,259,398 
Paychex, Inc. 615,344 45,073,948 
PayPal Holdings, Inc. (b) 2,157,400 199,192,742 
Perficient, Inc. (b) 66,954 1,923,588 
Perspecta, Inc. 269,702 6,273,269 
PFSweb, Inc. (b) 26,075 224,506 
Presidio, Inc. (a) 95,619 1,445,759 
PRG-Schultz International, Inc. (b) 36,569 349,234 
Sabre Corp. 484,272 12,644,342 
Science Applications International Corp. 82,023 7,400,115 
ServiceSource International, Inc. (b) 116,353 371,166 
Square, Inc. (b) 558,892 49,540,187 
StarTek, Inc. (a)(b) 15,709 95,197 
Sykes Enterprises, Inc. (b) 77,094 2,331,323 
Syntel, Inc. (b) 71,654 2,919,184 
Teradata Corp. (b) 229,463 9,515,831 
The Western Union Co. 887,614 16,793,657 
Total System Services, Inc. 319,353 31,021,950 
Travelport Worldwide Ltd. 241,707 4,488,499 
Ttec Holdings, Inc. 33,151 868,556 
Unisys Corp. (a)(b) 94,015 1,748,679 
Virtusa Corp. (b) 54,223 3,159,032 
Visa, Inc. Class A 3,452,122 507,082,201 
WEX, Inc. (b) 76,928 14,633,244 
WidePoint Corp. (b) 71,654 36,902 
Worldpay, Inc. (b) 573,890 55,891,147 
  2,547,058,691 
Semiconductors & Semiconductor Equipment - 3.7%   
Acacia Communications, Inc. (a)(b) 39,295 1,602,057 
Adesto Technologies Corp. (a)(b) 45,484 275,178 
Advanced Energy Industries, Inc. (b) 78,974 4,705,271 
Advanced Micro Devices, Inc. (a)(b) 1,592,826 40,091,430 
AEHR Test Systems (b) 18,931 47,895 
Alpha & Omega Semiconductor Ltd. (b) 39,883 566,737 
Amkor Technology, Inc. (b) 266,466 2,326,248 
Amtech Systems, Inc. (b) 13,719 75,317 
Analog Devices, Inc. 713,961 70,575,045 
Applied Materials, Inc. 1,942,854 83,581,579 
Aquantia Corp. (b) 25,937 327,844 
Axcelis Technologies, Inc. (b) 55,214 1,115,323 
AXT, Inc. (a)(b) 68,422 540,534 
Broadcom, Inc. 777,449 170,284,654 
Brooks Automation, Inc. 142,458 5,614,270 
Cabot Microelectronics Corp. 49,260 5,553,080 
Ceva, Inc. (b) 44,635 1,365,831 
Cirrus Logic, Inc. (b) 115,056 5,056,711 
Cohu, Inc. 72,404 1,910,018 
Cree, Inc. (a)(b) 190,377 9,159,037 
CVD Equipment Corp. (a)(b) 24,298 156,722 
CyberOptics Corp. (b) 9,251 206,297 
Cypress Semiconductor Corp. 702,153 12,084,053 
Diodes, Inc. (b) 80,058 3,035,799 
DSP Group, Inc. (b) 64,723 831,691 
Entegris, Inc. 292,500 9,915,750 
First Solar, Inc. (b) 156,704 8,161,144 
FormFactor, Inc. (b) 153,604 2,373,182 
GSI Technology, Inc. (b) 18,344 128,591 
Ichor Holdings Ltd. (a)(b) 54,823 1,421,560 
Impinj, Inc. (a)(b) 40,581 871,680 
Inphi Corp. (a)(b) 81,649 3,026,728 
Integrated Device Technology, Inc. (b) 253,049 10,752,052 
Intel Corp. 9,020,847 436,879,620 
Intermolecular, Inc. (b) 6,975 9,416 
Intest Corp. (b) 2,175 19,031 
KLA-Tencor Corp. 301,014 34,980,837 
Kopin Corp. (a)(b) 88,411 205,114 
Kulicke & Soffa Industries, Inc. 141,853 3,658,389 
Lam Research Corp. (a) 315,956 54,688,824 
Lattice Semiconductor Corp. (b) 269,339 2,205,886 
MACOM Technology Solutions Holdings, Inc. (a)(b) 79,684 1,836,716 
Marvell Technology Group Ltd. 1,120,454 23,170,989 
Maxim Integrated Products, Inc. 536,291 32,429,517 
MaxLinear, Inc. Class A (b) 115,923 2,234,995 
Microchip Technology, Inc. (a) 452,919 38,964,622 
Micron Technology, Inc. (b) 2,240,035 117,646,638 
MKS Instruments, Inc. 107,238 9,962,410 
Monolithic Power Systems, Inc. 76,797 11,509,566 
MoSys, Inc. (a)(b) 6,042 5,075 
Nanometrics, Inc. (b) 47,602 2,085,444 
NeoPhotonics Corp. (a)(b) 75,400 662,766 
NVE Corp. 8,841 1,005,045 
NVIDIA Corp. 1,174,599 329,686,447 
ON Semiconductor Corp. (b) 814,755 17,386,872 
PDF Solutions, Inc. (a)(b) 47,788 416,711 
Photronics, Inc. (b) 134,263 1,436,614 
Pixelworks, Inc. (b) 39,177 215,865 
Power Integrations, Inc. 60,434 4,432,834 
Qorvo, Inc. (b) 246,045 19,705,744 
Qualcomm, Inc. 2,868,007 197,060,761 
QuickLogic Corp. (b) 142,208 155,007 
Rambus, Inc. (b) 201,505 2,462,391 
Rubicon Technology, Inc. (a)(b) 2,504 22,887 
Rudolph Technologies, Inc. (b) 69,669 1,936,798 
Semtech Corp. (b) 131,349 7,848,103 
Silicon Laboratories, Inc. (b) 83,053 8,139,194 
Skyworks Solutions, Inc. 352,497 32,182,976 
SMART Global Holdings, Inc. (a)(b) 13,359 440,713 
SolarEdge Technologies, Inc. (a)(b) 72,575 3,479,971 
SunPower Corp. (a)(b) 126,150 847,728 
Synaptics, Inc. (a)(b) 66,113 3,190,613 
Teradyne, Inc. 368,760 15,189,224 
Texas Instruments, Inc. 1,891,141 212,564,248 
Ultra Clean Holdings, Inc. (b) 73,387 1,119,886 
Universal Display Corp. 81,004 9,914,890 
Veeco Instruments, Inc. (b) 86,705 1,040,460 
Versum Materials, Inc. 215,014 8,555,407 
Xcerra Corp. (b) 98,441 1,425,426 
Xilinx, Inc. 492,485 38,330,108 
Xperi Corp. 106,934 1,678,864 
  2,152,766,950 
Software - 6.2%   
8x8, Inc. (b) 182,283 4,137,824 
A10 Networks, Inc. (b) 73,118 509,632 
ACI Worldwide, Inc. (b) 221,607 6,295,855 
Activision Blizzard, Inc. 1,476,345 106,444,475 
Adobe Systems, Inc. (b) 951,220 250,655,982 
Agilysys, Inc. (b) 38,149 613,054 
Altair Engineering, Inc. Class A (b) 55,360 2,312,387 
American Software, Inc. Class A 55,166 991,885 
ANSYS, Inc. (b) 160,570 29,862,809 
Appian Corp. Class A (a)(b) 28,310 988,868 
Aspen Technology, Inc. (b) 138,035 15,923,718 
Asure Software, Inc. (a)(b) 21,771 327,218 
Autodesk, Inc. (b) 424,479 65,518,334 
Avaya Holdings Corp. (a)(b) 205,720 4,805,619 
Black Knight, Inc. (b) 277,685 14,828,379 
Blackbaud, Inc. 92,635 9,686,842 
Bottomline Technologies, Inc. (b) 77,450 5,109,377 
BSQUARE Corp. (b) 11,182 25,719 
CA Technologies, Inc. 596,078 26,108,216 
Cadence Design Systems, Inc. (b) 550,839 25,911,467 
Cardlytics, Inc. (b) 6,642 135,430 
CDK Global, Inc. 240,055 14,960,228 
Ceridian HCM Holding, Inc. (a) 51,932 1,999,382 
Citrix Systems, Inc. (b) 244,801 27,912,210 
CommVault Systems, Inc. (b) 82,577 5,751,488 
Datawatch Corp. (b) 9,730 124,058 
Digimarc Corp. (a)(b) 18,523 547,355 
Digital Turbine, Inc. (a)(b) 70,030 98,042 
Ebix, Inc. 42,676 3,399,143 
Electronic Arts, Inc. (b) 590,942 67,018,732 
Ellie Mae, Inc. (a)(b) 64,487 6,794,995 
Everbridge, Inc. (a)(b) 38,591 2,323,564 
Evolving Systems, Inc. (b) 4,973 11,314 
Fair Isaac Corp. (b) 56,483 13,046,443 
FireEye, Inc. (a)(b) 363,888 6,040,541 
Forescout Technologies, Inc. (b) 43,159 1,556,745 
Fortinet, Inc. (b) 278,231 23,304,629 
Glu Mobile, Inc. (b) 218,018 1,678,739 
GSE Systems, Inc. (b) 388 1,300 
Guidewire Software, Inc. (b) 152,826 15,369,711 
HubSpot, Inc. (b) 68,398 9,828,793 
Imperva, Inc. (b) 59,629 2,811,507 
Inseego Corp. (a)(b) 63,245 197,957 
Intuit, Inc. 471,413 103,461,011 
Manhattan Associates, Inc. (a)(b) 127,067 7,368,615 
Microsoft Corp. 14,869,167 1,670,253,529 
MicroStrategy, Inc. Class A (b) 21,282 3,171,018 
Mitek Systems, Inc. (b) 57,485 416,766 
MobileIron, Inc. (b) 99,040 485,296 
Model N, Inc. (b) 64,636 1,098,812 
Monotype Imaging Holdings, Inc. 83,936 1,729,082 
NetSol Technologies, Inc. (b) 10,165 59,974 
Nuance Communications, Inc. (b) 537,866 8,777,973 
NXT-ID, Inc. (a)(b) 33,283 56,914 
Onespan, Inc. (b) 63,694 1,194,263 
Oracle Corp. 5,764,947 280,061,125 
Parametric Technology Corp. (b) 224,773 22,463,814 
Park City Group, Inc. (a)(b) 18,083 152,801 
Paycom Software, Inc. (a)(b) 94,455 14,651,860 
Paylocity Holding Corp. (b) 55,889 4,439,822 
Pegasystems, Inc. 69,658 4,437,215 
Pivotal Software, Inc. (a) 79,408 2,203,572 
Pluralsight, Inc. (a) 49,679 1,697,531 
Progress Software Corp. 91,795 3,757,169 
Proofpoint, Inc. (b) 99,373 11,790,606 
PROS Holdings, Inc. (a)(b) 75,391 2,780,420 
QAD, Inc.:   
Class A 14,722 892,889 
Class B 4,298 203,940 
Qualys, Inc. (b) 66,160 6,023,868 
Rapid7, Inc. (b) 86,538 3,301,425 
RealNetworks, Inc. (b) 28,670 91,744 
RealPage, Inc. (b) 136,146 8,495,510 
Red Hat, Inc. (b) 340,018 50,230,859 
Red Violet, Inc. (b) 9,876 76,539 
RingCentral, Inc. (b) 129,020 12,018,213 
Rosetta Stone, Inc. (b) 22,826 360,651 
SailPoint Technologies Holding, Inc. (b) 124,457 3,849,455 
Salesforce.com, Inc. (b) 1,363,125 208,121,925 
SeaChange International, Inc. (b) 36,866 60,829 
SendGrid, Inc. (b) 25,907 939,647 
ServiceNow, Inc. (b) 341,271 67,011,974 
SITO Mobile Ltd. (a)(b) 17,979 35,778 
Smartsheet, Inc. 37,005 1,100,159 
Smith Micro Software, Inc. (a)(b) 10,363 25,700 
Snap, Inc. Class A (a)(b) 491,455 5,356,860 
Sonic Foundry, Inc. (b) 155 268 
Splunk, Inc. (b) 281,082 36,020,658 
SS&C Technologies Holdings, Inc. 400,275 23,752,319 
Symantec Corp. 1,194,934 24,089,869 
Synopsys, Inc. (b) 291,260 29,749,296 
Tableau Software, Inc. (b) 133,932 14,981,634 
Take-Two Interactive Software, Inc. (b) 219,196 29,275,818 
TeleNav, Inc. (b) 46,856 262,394 
The Rubicon Project, Inc. (b) 59,339 236,169 
TiVo Corp. 242,388 3,308,596 
Tyler Technologies, Inc. (b) 68,284 16,862,734 
Ultimate Software Group, Inc. (a)(b) 57,044 17,664,815 
Upland Software, Inc. (b) 28,805 1,072,122 
Varonis Systems, Inc. (b) 39,520 2,920,528 
Verint Systems, Inc. (b) 134,744 6,541,821 
VirnetX Holding Corp. (a)(b) 93,723 313,972 
VMware, Inc. Class A (a)(b) 135,112 20,707,265 
Workday, Inc. Class A (b) 281,065 43,435,785 
Workiva, Inc. (b) 48,113 1,772,964 
Zedge, Inc. (b) 14,921 43,719 
Zendesk, Inc. (b) 202,958 13,981,777 
Zix Corp. (b) 85,392 473,926 
Zscaler, Inc. (a)(b) 33,913 1,451,137 
Zuora, Inc. (a) 19,414 535,438 
Zynga, Inc. (b) 1,488,044 6,190,263 
  3,586,322,406 
Technology Hardware, Storage & Peripherals - 4.2%   
3D Systems Corp. (a)(b) 215,475 4,384,916 
Apple, Inc. 9,514,401 2,165,763,044 
Astro-Med, Inc. 5,753 127,429 
Avid Technology, Inc. (a)(b) 45,276 268,034 
CPI Card Group (a)(b) 4,456 14,081 
Cray, Inc. (b) 76,017 1,649,569 
Diebold Nixdorf, Inc. (a) 147,998 702,991 
Eastman Kodak Co. (a)(b) 71,591 232,671 
Electronics for Imaging, Inc. (a)(b) 100,401 3,492,951 
Everspin Technologies, Inc. (a)(b) 9,978 92,297 
Hewlett Packard Enterprise Co. 2,949,075 48,748,210 
HP, Inc. 3,176,408 78,298,457 
Immersion Corp. (b) 59,681 693,493 
Intevac, Inc. (b) 29,097 168,035 
NCR Corp. (b) 227,035 6,450,064 
NetApp, Inc. 516,657 44,850,994 
Pure Storage, Inc. Class A (b) 227,458 6,104,973 
Quantum Corp. (b) 41,835 84,507 
Seagate Technology LLC 554,178 29,670,690 
Transact Technologies, Inc. 3,411 48,095 
U.S.A. Technologies, Inc. (b) 97,355 1,582,019 
Western Digital Corp. 577,716 36,534,760 
Xerox Corp. 410,942 11,448,844 
  2,441,411,124 
TOTAL INFORMATION TECHNOLOGY  14,663,513,560 
MATERIALS - 2.9%   
Chemicals - 1.9%   
A. Schulman, Inc. rights (b)(c) 54,023 103,184 
Advanced Emissions Solutions, Inc. (a) 57,241 653,692 
AdvanSix, Inc. (b) 59,098 1,999,876 
AgroFresh Solutions, Inc. (a)(b) 44,445 295,559 
Air Products & Chemicals, Inc. 426,009 70,841,037 
Albemarle Corp. U.S. (a) 212,999 20,345,664 
American Vanguard Corp. 48,089 1,053,149 
Ashland Global Holdings, Inc. 120,114 10,113,599 
Axalta Coating Systems Ltd. (b) 423,345 12,912,023 
Balchem Corp. 62,509 6,931,623 
Cabot Corp. 119,034 7,727,687 
Celanese Corp. Class A 260,448 30,428,140 
CF Industries Holdings, Inc. 453,042 23,535,532 
Chase Corp. 19,479 2,414,422 
Core Molding Technologies, Inc. 10,858 99,568 
DowDuPont, Inc. 4,491,856 315,013,861 
Eastman Chemical Co. 274,212 26,606,790 
Ecolab, Inc. 503,540 75,772,699 
Ferro Corp. (b) 172,952 3,796,296 
Flotek Industries, Inc. (a)(b) 98,612 245,544 
FMC Corp. 261,067 22,308,175 
FutureFuel Corp. 41,787 619,701 
H.B. Fuller Co. 95,568 5,446,420 
Hawkins, Inc. 15,709 648,782 
Huntsman Corp. 410,120 12,504,559 
Ingevity Corp. (b) 80,091 8,089,992 
Innophos Holdings, Inc. 39,088 1,708,536 
Innospec, Inc. 48,903 3,794,873 
International Flavors & Fragrances, Inc. 152,297 19,842,776 
Intrepid Potash, Inc. (b) 199,844 679,470 
KMG Chemicals, Inc. 25,301 1,960,321 
Koppers Holdings, Inc. (b) 39,973 1,417,043 
Kraton Performance Polymers, Inc. (b) 65,484 3,079,713 
Kronos Worldwide, Inc. 51,691 1,040,540 
LSB Industries, Inc. (a)(b) 28,693 250,203 
LyondellBasell Industries NV Class A 621,426 70,084,424 
Marrone Bio Innovations, Inc. (a)(b) 33,145 69,107 
Minerals Technologies, Inc. 69,103 4,640,266 
NewMarket Corp. 18,766 7,525,917 
Olin Corp. 322,690 9,916,264 
OMNOVA Solutions, Inc. (b) 81,034 733,358 
Platform Specialty Products Corp. (b) 401,657 5,325,972 
PolyOne Corp. 158,115 6,681,940 
PPG Industries, Inc. (a) 480,344 53,097,226 
PQ Group Holdings, Inc. 84,801 1,509,458 
Praxair, Inc. 557,621 88,210,066 
Quaker Chemical Corp. 25,955 4,675,534 
Rayonier Advanced Materials, Inc. 104,966 2,193,789 
RPM International, Inc. 260,660 17,594,550 
Senomyx, Inc. (b) 66,138 76,059 
Sensient Technologies Corp. 86,306 6,129,452 
Sherwin-Williams Co. 158,842 72,365,238 
Stepan Co. 39,421 3,516,747 
The Chemours Co. LLC 342,775 14,944,990 
The Mosaic Co. 670,129 20,954,934 
The Scotts Miracle-Gro Co. Class A 73,152 5,465,917 
Trecora Resources (b) 30,461 426,454 
Tredegar Corp. 71,882 1,577,810 
Trinseo SA 91,255 7,040,323 
Tronox Ltd. Class A 190,878 3,090,315 
Valhi, Inc. 49,033 161,809 
Valvoline, Inc. 376,388 8,099,870 
Venator Materials PLC 108,555 1,311,344 
W.R. Grace & Co. 125,990 8,902,453 
Westlake Chemical Corp. 68,037 6,434,259 
  1,127,036,894 
Construction Materials - 0.1%   
Eagle Materials, Inc. 90,055 8,314,778 
Forterra, Inc. (a)(b) 32,917 278,478 
Foundation Building Materials, Inc. (b) 21,184 292,551 
Martin Marietta Materials, Inc. 122,228 24,289,148 
nVent Electric PLC 322,756 9,066,216 
Summit Materials, Inc. 222,652 4,735,808 
U.S. Concrete, Inc. (a)(b) 33,299 1,605,012 
United States Lime & Minerals, Inc. 4,018 304,926 
Vulcan Materials Co. 255,252 28,281,922 
  77,168,839 
Containers & Packaging - 0.4%   
Aptargroup, Inc. 123,061 12,885,717 
Avery Dennison Corp. 168,996 17,774,999 
Ball Corp. 674,885 28,264,184 
Bemis Co., Inc. 175,245 8,636,074 
Berry Global Group, Inc. (b) 250,616 11,961,902 
Crown Holdings, Inc. (a)(b) 255,363 10,932,090 
Graphic Packaging Holding Co. 589,083 8,376,760 
Greif, Inc. Class A 57,489 3,172,243 
International Paper Co. 798,758 40,848,484 
Myers Industries, Inc. 56,968 1,267,538 
Owens-Illinois, Inc. (b) 328,894 5,811,557 
Packaging Corp. of America 184,462 20,276,063 
Sealed Air Corp. 304,706 12,221,758 
Silgan Holdings, Inc. 162,095 4,417,089 
Sonoco Products Co. 192,348 10,779,182 
UFP Technologies, Inc. (b) 14,187 500,092 
WestRock Co. 494,382 27,230,561 
  225,356,293 
Metals & Mining - 0.4%   
AK Steel Holding Corp. (a)(b) 633,642 2,813,370 
Alcoa Corp. (b) 330,923 14,782,330 
Allegheny Technologies, Inc. (a)(b) 249,053 6,731,903 
Ampco-Pittsburgh Corp. (b) 10,414 78,626 
Atkore International Group, Inc. (b) 83,406 2,283,656 
Carpenter Technology Corp. 89,534 5,342,494 
Century Aluminum Co. (a)(b) 91,405 1,153,531 
Cleveland-Cliffs, Inc. (b) 584,517 5,874,396 
Coeur d'Alene Mines Corp. (b) 353,050 2,005,324 
Commercial Metals Co. 230,409 4,976,834 
Compass Minerals International, Inc. 67,713 4,235,448 
Comstock Mining, Inc. (a)(b) 11,344 1,985 
Freeport-McMoRan, Inc. 2,600,390 36,535,480 
Friedman Industries 2,001 20,670 
General Moly, Inc. (b) 60,513 23,600 
Gold Resource Corp. 109,163 563,281 
Golden Minerals Co. (a)(b) 71,014 19,444 
Haynes International, Inc. 23,949 943,591 
Hecla Mining Co. 977,921 2,777,296 
Kaiser Aluminum Corp. 33,314 3,650,881 
Materion Corp. 39,771 2,537,390 
McEwen Mining, Inc. (a) 511,683 1,008,016 
Newmont Mining Corp. 1,038,266 32,217,394 
Nucor Corp. 614,951 38,434,438 
Olympic Steel, Inc. 12,703 279,974 
Paramount Gold Nevada Corp. (a)(b) 7,958 8,197 
Pershing Gold Corp. (b) 31,696 41,522 
Reliance Steel & Aluminum Co. 138,609 12,182,345 
Royal Gold, Inc. 127,141 9,695,773 
Ryerson Holding Corp. (b) 30,039 312,406 
Schnitzer Steel Industries, Inc. Class A 62,341 1,642,685 
Solitario Exploration & Royalty Corp. (b) 18,115 6,851 
Steel Dynamics, Inc. 449,332 20,547,952 
SunCoke Energy, Inc. (b) 119,717 1,336,042 
Synalloy Corp. (a) 9,739 223,510 
TimkenSteel Corp. (a)(b) 69,807 977,996 
U.S. Antimony Corp. (b) 24,962 14,977 
U.S. Gold Corp. 46 52 
United States Steel Corp. 343,724 10,201,728 
Universal Stainless & Alloy Products, Inc. (b) 13,897 420,801 
Warrior Metropolitan Coal, Inc. (a) 86,484 2,079,940 
Worthington Industries, Inc. 90,980 4,237,848 
  233,221,977 
Paper & Forest Products - 0.1%   
Boise Cascade Co. 74,391 3,250,887 
Clearwater Paper Corp. (b) 35,821 1,040,600 
Domtar Corp. 128,751 6,553,426 
Kapstone Paper & Packaging Corp. 170,425 5,854,099 
Louisiana-Pacific Corp. 275,889 8,044,923 
Mercer International, Inc. (SBI) 87,436 1,547,617 
Neenah, Inc. 34,858 3,180,793 
P.H. Glatfelter Co. 78,096 1,501,786 
Resolute Forest Products (b) 168,368 2,315,060 
Schweitzer-Mauduit International, Inc. 57,402 2,335,687 
Verso Corp. (b) 69,099 2,169,018 
  37,793,896 
TOTAL MATERIALS  1,700,577,899 
REAL ESTATE - 3.6%   
Equity Real Estate Investment Trusts (REITs) - 3.5%   
Acadia Realty Trust (SBI) 161,267 4,599,335 
Agree Realty Corp. 70,090 4,000,036 
Alexander & Baldwin, Inc. 155,313 3,645,196 
Alexanders, Inc. 7,463 2,693,621 
Alexandria Real Estate Equities, Inc. 194,551 24,970,621 
American Assets Trust, Inc. 89,595 3,539,003 
American Campus Communities, Inc. 265,755 11,143,107 
American Homes 4 Rent Class A 475,496 11,031,507 
American Tower Corp. 852,991 127,198,018 
Americold Realty Trust 115,807 2,883,594 
Apartment Investment & Management Co. Class A 313,759 13,742,644 
Apple Hospitality (REIT), Inc. 411,429 7,261,722 
Armada Hoffler Properties, Inc. 88,352 1,377,408 
Ashford Hospitality Trust, Inc. 184,946 1,200,300 
AvalonBay Communities, Inc. 264,965 48,565,435 
Bluerock Residential Growth (REIT), Inc. 90,320 893,265 
Boston Properties, Inc. 296,394 38,664,597 
Braemar Hotels & Resorts, Inc. 47,533 549,006 
Brandywine Realty Trust (SBI) 339,166 5,684,422 
Brixmor Property Group, Inc. 590,586 10,760,477 
BRT Realty Trust 189,164 2,434,541 
Camden Property Trust (SBI) 177,479 16,871,154 
CareTrust (REIT), Inc. 143,665 2,650,619 
CatchMark Timber Trust, Inc. 100,692 1,262,678 
CBL & Associates Properties, Inc. (a) 338,899 1,511,490 
Cedar Realty Trust, Inc. 134,023 599,083 
Chatham Lodging Trust 76,647 1,644,078 
Chesapeake Lodging Trust 114,633 3,772,572 
CIM Commercial Trust Corp. 6,057 94,489 
City Office REIT, Inc. 67,579 872,445 
Clipper Realty, Inc. 6,962 84,936 
Colony NorthStar, Inc. (a) 981,801 6,018,440 
Columbia Property Trust, Inc. 224,485 5,405,599 
Community Healthcare Trust, Inc. 41,798 1,296,992 
Condor Hospitality Trust, Inc. 108 1,129 
CorEnergy Infrastructure Trust, Inc. (a) 18,244 682,873 
CorePoint Lodging, Inc. (b) 70,925 1,478,786 
CoreSite Realty Corp. 69,249 8,065,431 
Corporate Office Properties Trust (SBI) 217,809 6,704,161 
Corrections Corp. of America 221,394 5,731,891 
Cousins Properties, Inc. 792,672 7,411,483 
Crown Castle International Corp. 801,649 91,412,035 
CubeSmart 366,464 11,195,475 
CyrusOne, Inc. 193,698 12,970,018 
DDR Corp. 292,764 4,095,768 
DiamondRock Hospitality Co. 396,647 4,743,898 
Digital Realty Trust, Inc. 400,800 49,811,424 
Douglas Emmett, Inc. 314,526 12,285,386 
Duke Realty Corp. 686,860 19,568,641 
Easterly Government Properties, Inc. 107,765 2,182,241 
EastGroup Properties, Inc. 63,814 6,207,188 
Education Realty Trust, Inc. 147,468 6,102,226 
Empire State Realty Trust, Inc. 295,222 5,192,955 
EPR Properties 130,186 9,136,453 
Equinix, Inc. 153,355 66,882,716 
Equity Commonwealth (b) 237,117 7,601,971 
Equity Lifestyle Properties, Inc. 174,997 16,953,709 
Equity Residential (SBI) 709,071 48,039,560 
Essex Property Trust, Inc. 126,754 31,216,975 
Extra Space Storage, Inc. 240,925 22,215,694 
Farmland Partners, Inc. (a) 105,443 744,428 
Federal Realty Investment Trust (SBI) 138,774 18,125,272 
First Industrial Realty Trust, Inc. 254,605 8,264,478 
Forest City Realty Trust, Inc. Class A 522,472 13,140,171 
Four Corners Property Trust, Inc. 120,965 3,258,797 
Franklin Street Properties Corp. 202,564 1,735,973 
Front Yard Residential Corp. Class B 111,755 1,365,646 
Gaming & Leisure Properties 386,459 13,831,368 
Getty Realty Corp. 62,136 1,808,779 
Gladstone Commercial Corp. 76,606 1,525,225 
Gladstone Land Corp. (a) 23,552 322,662 
Global Medical REIT, Inc. 12,930 123,740 
Global Net Lease, Inc. 130,726 2,835,447 
Government Properties Income Trust (a) 190,011 3,213,086 
Gramercy Property Trust 292,778 8,007,478 
HCP, Inc. 908,266 24,550,430 
Healthcare Realty Trust, Inc. 262,572 8,129,229 
Healthcare Trust of America, Inc. 387,197 11,062,218 
Hersha Hospitality Trust 71,283 1,682,279 
Highwoods Properties, Inc. (SBI) 185,987 9,250,993 
Hospitality Properties Trust (SBI) 312,543 9,060,622 
Host Hotels & Resorts, Inc. 1,420,155 30,575,937 
Hudson Pacific Properties, Inc. 313,901 10,622,410 
Independence Realty Trust, Inc. 140,119 1,447,429 
Industrial Logistics Properties Trust 67,268 1,619,141 
InfraReit, Inc. 82,809 1,729,880 
Investors Real Estate Trust 202,786 1,105,184 
Invitation Homes, Inc. 549,647 12,845,250 
Iron Mountain, Inc. 538,602 19,443,532 
iStar Financial, Inc. (a) 129,923 1,453,838 
JBG SMITH Properties 197,137 7,384,752 
Jernigan Capital, Inc. 21,201 424,232 
Kilroy Realty Corp. 183,382 13,412,559 
Kimco Realty Corp. 819,855 14,027,719 
Kite Realty Group Trust 170,320 2,977,194 
Lamar Advertising Co. Class A 159,840 12,315,672 
LaSalle Hotel Properties (SBI) 206,162 7,238,348 
Lexington Corporate Properties Trust 399,211 3,728,631 
Liberty Property Trust (SBI) 291,830 12,767,563 
Life Storage, Inc. 90,026 8,786,538 
LTC Properties, Inc. 76,598 3,557,977 
Mack-Cali Realty Corp. 182,244 3,980,209 
MedEquities Realty Trust, Inc. 56,982 610,277 
Medical Properties Trust, Inc. 763,546 11,491,367 
Mid-America Apartment Communities, Inc. 219,168 22,697,038 
Monmouth Real Estate Investment Corp. Class A 144,924 2,520,228 
National Health Investors, Inc. 85,662 6,788,714 
National Retail Properties, Inc. 290,818 13,403,802 
National Storage Affiliates Trust 107,421 3,046,460 
New Senior Investment Group, Inc. 149,321 946,695 
NexPoint Residential Trust, Inc. 32,020 1,034,246 
NorthStar Realty Europe Corp. 99,105 1,359,721 
Omega Healthcare Investors, Inc. (a) 384,407 12,704,651 
One Liberty Properties, Inc. 42,541 1,224,755 
Outfront Media, Inc. 278,838 5,540,511 
Paramount Group, Inc. 417,609 6,631,631 
Park Hotels & Resorts, Inc. 384,706 12,868,416 
Pebblebrook Hotel Trust (a) 134,429 5,190,304 
Pennsylvania Real Estate Investment Trust (SBI) 137,479 1,402,286 
Physicians Realty Trust 357,866 6,259,076 
Piedmont Office Realty Trust, Inc. Class A 250,343 4,966,805 
Potlatch Corp. 118,272 5,712,538 
Power (REIT) (b) 718 4,344 
Preferred Apartment Communities, Inc. Class A 81,117 1,445,505 
Prologis, Inc. 1,217,790 81,811,132 
PS Business Parks, Inc. 42,672 5,565,709 
Public Storage 290,191 61,688,803 
QTS Realty Trust, Inc. Class A 103,526 4,734,244 
Ramco-Gershenson Properties Trust (SBI) 161,970 2,261,101 
Rayonier, Inc. 246,837 8,597,333 
Realty Income Corp. 540,503 31,657,261 
Regency Centers Corp. 280,156 18,498,701 
Retail Opportunity Investments Corp. 207,087 4,087,897 
Retail Properties America, Inc. 409,657 5,214,934 
Rexford Industrial Realty, Inc. 174,524 5,672,030 
RLJ Lodging Trust 347,260 7,608,467 
Ryman Hospitality Properties, Inc. 99,071 8,790,570 
Sabra Health Care REIT, Inc. 356,789 8,413,085 
Safety Income and Growth, Inc. 12,370 204,105 
Saul Centers, Inc. 23,905 1,434,300 
SBA Communications Corp. Class A (b) 220,984 34,303,346 
Select Income REIT 130,864 2,689,255 
Senior Housing Properties Trust (SBI) 490,704 9,377,353 
Seritage Growth Properties (a) 55,673 2,866,046 
Simon Property Group, Inc. 597,704 109,397,763 
SL Green Realty Corp. 168,216 17,561,750 
Sotherly Hotels, Inc. 2,721 20,054 
Spirit MTA REIT (a) 83,110 890,939 
Spirit Realty Capital, Inc. 780,634 6,533,907 
Stag Industrial, Inc. 200,184 5,779,312 
Store Capital Corp. 322,243 9,283,821 
Summit Hotel Properties, Inc. 229,907 3,156,623 
Sun Communities, Inc. 161,888 16,703,604 
Sunstone Hotel Investors, Inc. 432,350 7,254,833 
Tanger Factory Outlet Centers, Inc. (a) 177,740 4,276,424 
Taubman Centers, Inc. 118,985 7,687,621 
Terreno Realty Corp. 97,945 3,762,067 
The GEO Group, Inc. 235,799 5,982,221 
The Macerich Co. 210,709 12,377,047 
TIER REIT, Inc. 108,647 2,590,144 
UDR, Inc. 504,145 20,150,676 
UMH Properties, Inc. 79,886 1,274,981 
Uniti Group, Inc. (a) 323,922 6,744,056 
Universal Health Realty Income Trust (SBI) 38,916 2,967,345 
Urban Edge Properties 212,899 4,866,871 
Urstadt Biddle Properties, Inc. Class A 92,798 2,111,155 
Ventas, Inc. 689,548 41,283,239 
VEREIT, Inc. 1,855,911 14,513,224 
Vornado Realty Trust 332,081 25,570,237 
Washington Prime Group, Inc. 352,285 2,726,686 
Washington REIT (SBI) 155,354 4,902,972 
Weingarten Realty Investors (SBI) 250,007 7,732,717 
Welltower, Inc. 717,418 47,858,955 
Weyerhaeuser Co. 1,456,578 50,557,822 
Wheeler REIT, Inc. (a) 6,770 37,303 
Whitestone REIT Class B 105,336 1,436,783 
WP Carey, Inc. 215,291 14,334,075 
Xenia Hotels & Resorts, Inc. 197,955 4,802,388 
  2,040,749,490 
Real Estate Management & Development - 0.1%   
Altisource Portfolio Solutions SA (a)(b) 18,423 665,991 
Boston Omaha Corp. (a)(b) 13,217 343,113 
CBRE Group, Inc. (b) 576,875 28,157,269 
Consolidated-Tomoka Land Co. 8,081 507,325 
Forestar Group, Inc. (a)(b) 22,360 574,652 
FRP Holdings, Inc. (b) 11,702 764,141 
HFF, Inc. 77,093 3,500,793 
Howard Hughes Corp. (b) 76,123 9,924,156 
Jones Lang LaSalle, Inc. 85,898 13,101,163 
Kennedy-Wilson Holdings, Inc. 251,133 5,386,803 
Marcus & Millichap, Inc. (b) 26,096 950,155 
Maui Land & Pineapple, Inc. (b) 31,310 397,637 
RE/MAX Holdings, Inc. 32,840 1,617,370 
Realogy Holdings Corp. (a) 250,072 5,349,040 
Redfin Corp. (a)(b) 130,022 2,575,736 
Retail Value, Inc. (b) 29,276 1,045,739 
Stratus Properties, Inc. (b) 12,801 389,150 
Tejon Ranch Co. (b) 29,778 661,965 
The St. Joe Co. (a)(b) 125,813 2,163,984 
Transcontinental Realty Investors, Inc. (b) 20,697 628,982 
Trinity Place Holdings, Inc. (b) 7,019 42,816 
VICI Properties, Inc. 138,928 2,904,984 
  81,652,964 
TOTAL REAL ESTATE  2,122,402,454 
TELECOMMUNICATION SERVICES - 1.7%   
Diversified Telecommunication Services - 1.6%   
Alaska Communication Systems Group, Inc. (b) 135,810 267,546 
AT&T, Inc. 14,049,911 448,754,157 
Atlantic Tele-Network, Inc. 20,159 1,476,244 
Bandwidth, Inc. (b) 11,272 513,552 
CenturyLink, Inc. 1,904,600 40,682,256 
Cincinnati Bell, Inc. (b) 118,793 1,544,309 
Cogent Communications Group, Inc. 79,491 4,348,158 
Consolidated Communications Holdings, Inc. (a) 126,066 1,488,839 
Frontier Communications Corp. (a) 161,811 841,417 
Globalstar, Inc. (a)(b) 800,187 408,015 
IDT Corp. Class B 44,765 236,807 
Iridium Communications, Inc. (a)(b) 166,538 3,372,395 
Ooma, Inc. (b) 37,459 599,344 
ORBCOMM, Inc. (b) 147,877 1,595,593 
Pareteum Corp. (a)(b) 88,901 245,367 
PDVWireless, Inc. (b) 18,833 565,932 
Verizon Communications, Inc. 7,989,834 434,407,275 
Vonage Holdings Corp. (b) 424,318 6,016,829 
WideOpenWest, Inc. (a)(b) 35,967 419,016 
Windstream Holdings, Inc. (a)(b) 76,326 359,495 
Zayo Group Holdings, Inc. (b) 360,743 12,503,352 
  960,645,898 
Wireless Telecommunication Services - 0.1%   
Airgain, Inc. (a)(b) 9,732 115,811 
Boingo Wireless, Inc. (b) 90,549 2,995,361 
NII Holdings, Inc. (a)(b) 192,173 1,103,073 
Shenandoah Telecommunications Co. 92,579 3,531,889 
Spok Holdings, Inc. 43,148 662,322 
Sprint Corp. (a)(b) 1,344,786 8,216,642 
T-Mobile U.S., Inc. (b) 569,092 37,582,836 
Telephone & Data Systems, Inc. 174,990 5,256,700 
U.S. Cellular Corp. (b) 27,310 1,167,776 
  60,632,410 
TOTAL TELECOMMUNICATION SERVICES  1,021,278,308 
UTILITIES - 2.8%   
Electric Utilities - 1.6%   
Allete, Inc. 104,493 7,845,334 
Alliant Energy Corp. 441,042 18,894,239 
American Electric Power Co., Inc. 941,624 67,542,690 
Duke Energy Corp. 1,356,125 110,171,595 
Edison International 630,951 41,472,409 
El Paso Electric Co. 80,794 4,952,672 
Entergy Corp. 343,175 28,685,998 
Evergy, Inc. 516,234 29,451,150 
Eversource Energy 609,178 38,030,983 
Exelon Corp. 1,852,392 80,968,054 
FirstEnergy Corp. 868,107 32,449,840 
Genie Energy Ltd. Class B 24,074 130,240 
Hawaiian Electric Industries, Inc. 219,652 7,747,126 
IDACORP, Inc. 102,567 10,036,181 
MGE Energy, Inc. 72,899 4,771,240 
NextEra Energy, Inc. 906,065 154,121,657 
OGE Energy Corp. 377,699 13,910,654 
Otter Tail Corp. 81,371 3,897,671 
PG&E Corp. 996,068 45,998,420 
Pinnacle West Capital Corp. 223,339 17,543,278 
PNM Resources, Inc. 156,967 6,113,865 
Portland General Electric Co. 174,192 8,082,509 
PPL Corp. 1,360,295 40,455,173 
Southern Co. 1,956,907 85,673,388 
Spark Energy, Inc. Class A, (a) 24,582 216,322 
Vistra Energy Corp. (b) 709,045 16,690,919 
Xcel Energy, Inc. 983,494 47,256,887 
  923,110,494 
Gas Utilities - 0.2%   
Atmos Energy Corp. 227,360 20,969,413 
Chesapeake Utilities Corp. 32,292 2,777,112 
National Fuel Gas Co. 165,416 9,185,550 
New Jersey Resources Corp. 166,205 7,578,948 
Northwest Natural Gas Co. 62,093 4,029,836 
ONE Gas, Inc. 101,493 7,970,245 
RGC Resources, Inc. 6,537 176,041 
South Jersey Industries, Inc. (a) 159,735 5,300,007 
Southwest Gas Holdings, Inc. 93,395 7,221,301 
Spire, Inc. 102,174 7,617,072 
UGI Corp. 328,308 17,745,047 
  90,570,572 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Energy, Inc. 571,503 20,225,491 
NRG Yield, Inc.:   
Class A 44,523 876,658 
Class C 167,464 3,324,160 
Ormat Technologies, Inc. 74,908 3,943,906 
Pattern Energy Group, Inc. (a) 171,450 3,494,151 
Terraform Power, Inc. 103,630 1,158,583 
The AES Corp. 1,264,774 17,023,858 
  50,046,807 
Multi-Utilities - 0.8%   
Ameren Corp. 468,043 29,594,359 
Avangrid, Inc. 138,427 6,829,988 
Avista Corp. 128,677 6,602,417 
Black Hills Corp. (a) 101,787 5,990,165 
CenterPoint Energy, Inc. 820,763 22,809,004 
CMS Energy Corp. 535,500 26,368,020 
Consolidated Edison, Inc. 595,082 46,969,822 
Dominion Resources, Inc. 1,260,445 89,201,693 
DTE Energy Co. 343,228 38,146,360 
MDU Resources Group, Inc. 379,742 10,591,004 
NiSource, Inc. 663,795 17,968,931 
NorthWestern Energy Corp. 103,581 6,210,717 
Public Service Enterprise Group, Inc. 967,507 50,648,991 
SCANA Corp. 278,583 10,680,872 
Sempra Energy (a) 509,240 59,112,579 
Unitil Corp. 58,643 2,964,404 
Vectren Corp. 159,198 11,334,898 
WEC Energy Group, Inc. 600,251 40,564,963 
  482,589,187 
Water Utilities - 0.1%   
American States Water Co. 72,116 4,357,970 
American Water Works Co., Inc. 337,468 29,538,574 
Aqua America, Inc. 365,029 13,571,778 
AquaVenture Holdings Ltd. (b) 20,099 365,400 
Artesian Resources Corp. Class A 60,277 2,165,753 
Cadiz, Inc. (a)(b) 46,921 450,442 
California Water Service Group 95,596 3,933,775 
Connecticut Water Service, Inc. 31,367 2,148,953 
Middlesex Water Co. 39,650 1,815,970 
Pure Cycle Corp. (b) 17,116 192,555 
Select Energy Services, Inc. Class A (b) 113,670 1,551,596 
SJW Corp. 29,404 1,702,786 
York Water Co. 40,150 1,208,515 
  63,004,067 
TOTAL UTILITIES  1,609,321,127 
TOTAL COMMON STOCKS   
(Cost $34,330,940,945)  57,902,307,525 
 Principal Amount Value 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 2.07% 1/3/19 (d)   
(Cost $5,957,592) 6,000,000 5,957,196 
 Shares Value 
Money Market Funds - 3.7%   
Fidelity Cash Central Fund, 1.97% (e) 307,770,942 $307,832,496 
Fidelity Securities Lending Cash Central Fund 1.98% (e)(f) 1,825,342,706 1,825,525,241 
TOTAL MONEY MARKET FUNDS   
(Cost $2,133,260,068)  2,133,357,737 
TOTAL INVESTMENT IN SECURITIES - 103.4%   
(Cost $36,470,158,605)  60,041,622,458 
NET OTHER ASSETS (LIABILITIES) - (3.4)%  (2,000,413,049) 
NET ASSETS - 100%  $58,041,209,409 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini Russell 2000 Index Contracts (United States) 147 Sept. 2018 $12,793,410 $565,066 $565,066 
CME E-mini S&P 500 Index Contracts (United States) 599 Sept. 2018 86,917,895 4,527,991 4,527,991 
CME E-mini S&P MidCap 400 Index Contracts (United States) 32 Sept. 2018 6,545,920 243,778 243,778 
TOTAL FUTURES CONTRACTS     $5,336,835 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) Level 3 security

 (d) 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 $5,957,196.

 (e) 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.

 (f) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $1,361,208 
Fidelity Securities Lending Cash Central Fund 6,954,115 
Total $8,315,323 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $7,604,125,980 $7,604,125,980 $-- $-- 
Consumer Staples 3,485,437,063 3,485,437,063 -- -- 
Energy 3,229,447,104 3,229,447,104 -- -- 
Financials 8,237,523,499 8,237,523,499 -- -- 
Health Care 8,270,622,371 8,269,819,671 -- 802,700 
Industrials 5,958,058,160 5,958,058,160 -- -- 
Information Technology 14,663,513,560 14,663,513,560 -- -- 
Materials 1,700,577,899 1,700,474,715 -- 103,184 
Real Estate 2,122,402,454 2,122,402,454 -- -- 
Telecommunication Services 1,021,278,308 1,021,278,308 -- -- 
Utilities 1,609,321,127 1,609,321,127 -- -- 
U.S. Government and Government Agency Obligations 5,957,196 -- 5,957,196 -- 
Money Market Funds 2,133,357,737 2,133,357,737 -- -- 
Total Investments in Securities: $60,041,622,458 $60,034,759,378 $5,957,196 $905,884 
Derivative Instruments:     
Assets     
Futures Contracts $5,336,835 $5,336,835 $-- $-- 
Total Assets $5,336,835 $5,336,835 $-- $-- 
Total Derivative Instruments: $5,336,835 $5,336,835 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $5,336,835 $0 
Total Equity Risk 5,336,835 0 
Total Value of Derivatives $5,336,835 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Fidelity® Total Market Index Fund

Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $1,785,418,856) — See accompanying schedule:
Unaffiliated issuers (cost $34,336,898,537) 		$57,908,264,721  
Fidelity Central Funds (cost $2,133,260,068) 2,133,357,737  
Total Investment in Securities (cost $36,470,158,605)  $60,041,622,458 
Segregated cash with brokers for derivative instruments  8,720,656 
Cash  9,438,923 
Receivable for fund shares sold  65,862,664 
Dividends receivable  94,694,052 
Distributions receivable from Fidelity Central Funds  1,334,076 
Receivable for daily variation margin on futures contracts  210,927 
Other receivables  614,840 
Total assets  60,222,498,596 
Liabilities   
Payable for investments purchased $49,191,017  
Payable for fund shares redeemed 305,481,434  
Accrued management fee 707,464  
Other payables and accrued expenses 895,166  
Collateral on securities loaned 1,825,014,106  
Total liabilities  2,181,289,187 
Net Assets  $58,041,209,409 
Net Assets consist of:   
Paid in capital  $33,983,028,655 
Undistributed net investment income  490,441,785 
Accumulated undistributed net realized gain (loss) on investments  (9,061,719) 
Net unrealized appreciation (depreciation) on investments  23,576,800,688 
Net Assets  $58,041,209,409 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($896,095,874 ÷ 10,667,382 shares)  $84.00 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($30,147,015,917 ÷ 358,832,234 shares)  $84.01 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($3,777,134,844 ÷ 44,963,568 shares)  $84.00 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($8,884,841,017 ÷ 105,771,661 shares)  $84.00 
Class F:   
Net Asset Value, offering price and redemption price per share ($14,336,121,757 ÷ 170,618,002 shares)  $84.02 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $490,626,239 
Interest  46,977 
Income from Fidelity Central Funds (including $6,954,115 from security lending)  8,315,323 
Total income  498,988,539 
Expenses   
Management fee $4,005,590  
Transfer agent fees 2,802,870  
Independent trustees' fees and expenses 131,478  
Legal 3,348  
Interest 16,268  
Commitment fees 71,142  
Total expenses before reductions 7,030,696  
Expense reductions (6,402)  
Total expenses after reductions  7,024,294 
Net investment income (loss)  491,964,245 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 129,861,925  
Fidelity Central Funds (16,578)  
Futures contracts 12,178,931  
Total net realized gain (loss)  142,024,278 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 4,071,504,045  
Fidelity Central Funds (13,648)  
Futures contracts 1,169,644  
Total change in net unrealized appreciation (depreciation)  4,072,660,041 
Net gain (loss)  4,214,684,319 
Net increase (decrease) in net assets resulting from operations  $4,706,648,564 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $491,964,245 $830,794,882 
Net realized gain (loss) 142,024,278 310,972,014 
Change in net unrealized appreciation (depreciation) 4,072,660,041 5,665,452,634 
Net increase (decrease) in net assets resulting from operations 4,706,648,564 6,807,219,530 
Distributions to shareholders from net investment income (167,025,734) (778,723,850) 
Distributions to shareholders from net realized gain (10,522,734) (315,859,948) 
Total distributions (177,548,468) (1,094,583,798) 
Share transactions - net increase (decrease) 3,339,415,507 4,369,390,868 
Total increase (decrease) in net assets 7,868,515,603 10,082,026,600 
Net Assets   
Beginning of period 50,172,693,806 40,090,667,206 
End of period $58,041,209,409 $50,172,693,806 
Other Information   
Undistributed net investment income end of period $490,441,785 $165,503,274 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Total Market Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.43 $68.20 $55.32 $61.58 $54.91 $44.05 
Income from Investment Operations       
Net investment income (loss)B .71 1.30 1.20 1.13 1.10 .92 
Net realized and unrealized gain (loss) 6.12 9.65 13.20 (5.97) 6.51 10.74 
Total from investment operations 6.83 10.95 14.40 (4.84) 7.61 11.66 
Distributions from net investment income (.24) (1.21) (1.13) (1.11) (.94) (.80) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.26) (1.72) (1.52) (1.42) (.94) (.80) 
Redemption fees added to paid in capitalB – – –C –C –C –C 
Net asset value, end of period $84.00 $77.43 $68.20 $55.32 $61.58 $54.91 
Total ReturnD,E 8.85% 16.16% 26.22% (7.96)% 13.94% 26.62% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .08%H .09% .09% .10% .10% .10% 
Expenses net of fee waivers, if any .08%H .09% .09% .10% .10% .10% 
Expenses net of all reductions .08%H .09% .09% .10% .10% .10% 
Net investment income (loss) 1.79%H 1.79% 1.96% 1.90% 1.91% 1.85% 
Supplemental Data       
Net assets, end of period (000 omitted) $896,096 $794,446 $736,989 $1,932,568 $1,943,259 $1,694,212 
Portfolio turnover rateI 5%H 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.44 $68.20 $55.32 $61.59 $54.91 $44.06 
Income from Investment Operations       
Net investment income (loss)B .73 1.34 1.25 1.16 1.13 .94 
Net realized and unrealized gain (loss) 6.11 9.66 13.18 (5.98) 6.52 10.73 
Total from investment operations 6.84 11.00 14.43 (4.82) 7.65 11.67 
Distributions from net investment income (.25) (1.25) (1.16) (1.14) (.97) (.82) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27) (1.76) (1.55) (1.45) (.97) (.82) 
Redemption fees added to paid in capitalB – – –C –C –C –C 
Net asset value, end of period $84.01 $77.44 $68.20 $55.32 $61.59 $54.91 
Total ReturnD,E 8.87% 16.23% 26.28% (7.92)% 14.02% 26.65% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .03%H .04% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%H .04% .05% .05% .05% .06% 
Expenses net of all reductions .03%H .04% .05% .05% .05% .06% 
Net investment income (loss) 1.83%H 1.84% 2.00% 1.95% 1.96% 1.89% 
Supplemental Data       
Net assets, end of period (000 omitted) $30,147,016 $27,441,887 $23,288,507 $18,866,595 $18,860,117 $14,943,835 
Portfolio turnover rateI 5%H 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Institutional Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.43 $68.19 $55.31 $61.58 $54.91 $44.05 
Income from Investment Operations       
Net investment income (loss)B .73 1.34 1.26 1.17 1.13 .94 
Net realized and unrealized gain (loss) 6.11 9.66 13.18 (5.98) 6.52 10.75 
Total from investment operations 6.84 11.00 14.44 (4.81) 7.65 11.69 
Distributions from net investment income (.25) (1.25) (1.16) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27) (1.76) (1.56)C (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $84.00 $77.43 $68.19 $55.31 $61.58 $54.91 
Total ReturnE,F 8.87% 16.24% 26.30% (7.92)% 14.01% 26.69% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .03%I .03% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%I .03% .04% .04% .04% .05% 
Expenses net of all reductions .03%I .03% .04% .04% .04% .05% 
Net investment income (loss) 1.84%I 1.85% 2.01% 1.96% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,777,135 $3,341,899 $2,345,441 $1,199,719 $1,307,281 $1,254,047 
Portfolio turnover rateJ 5%I 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.56 per share is comprised of distributions from net investment income of $1.162 and distributions from net realized gain of $.393 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.42 $68.19 $55.31 $61.58 $54.90 $44.05 
Income from Investment Operations       
Net investment income (loss)B .73 1.36 1.28 1.17 1.14 .95 
Net realized and unrealized gain (loss) 6.12 9.65 13.17 (5.98) 6.52 10.73 
Total from investment operations 6.85 11.01 14.45 (4.81) 7.66 11.68 
Distributions from net investment income (.26) (1.27) (1.17) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27)C (1.78) (1.57)D (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –E –E –E –E 
Net asset value, end of period $84.00 $77.42 $68.19 $55.31 $61.58 $54.90 
Total ReturnF,G 8.89% 16.25% 26.32% (7.91)% 14.04% 26.67% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .02%J .02% .02% .05% .04% .06% 
Expenses net of fee waivers, if any .02%J .02% .02% .04% .04% .05% 
Expenses net of all reductions .02%J .02% .02% .04% .04% .05% 
Net investment income (loss) 1.85%J 1.86% 2.02% 1.97% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,884,841 $6,114,864 $4,684,669 $800,304 $1,022,585 $740,877 
Portfolio turnover rateK 5%J 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.27 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.016 per share.

 D Total distributions of $1.57 per share is comprised of distributions from net investment income of $1.173 and distributions from net realized gain of $.393 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Class F

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.45 $68.21 $55.32 $61.59 $54.92 $44.06 
Income from Investment Operations       
Net investment income (loss)B .73 1.36 1.26 1.17 1.14 .95 
Net realized and unrealized gain (loss) 6.11 9.66 13.20 (5.98) 6.51 10.74 
Total from investment operations 6.84 11.02 14.46 (4.81) 7.65 11.69 
Distributions from net investment income (.26) (1.27) (1.17) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27)C (1.78) (1.57)D (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –E –E –E –E 
Net asset value, end of period $84.02 $77.45 $68.21 $55.32 $61.59 $54.92 
Total ReturnF,G 8.87% 16.26% 26.33% (7.91)% 14.01% 26.69% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .02%J .02% .02% .04% .04% .05% 
Expenses net of fee waivers, if any .02%J .02% .02% .04% .04% .05% 
Expenses net of all reductions .02%J .02% .02% .04% .04% .05% 
Net investment income (loss) 1.85%J 1.86% 2.02% 1.97% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $14,336,122 $12,479,597 $9,035,061 $6,659,560 $6,368,808 $5,088,489 
Portfolio turnover rateK 5%J 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.27 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.016 per share.

 D Total distributions of $1.57 per share is comprised of distributions from net investment income of $1.173 and distributions from net realized gain of $.393 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity® Extended Market Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Tesla, Inc. 0.8 
ServiceNow, Inc. 0.7 
Worldpay, Inc. 0.6 
Square, Inc. 0.5 
Las Vegas Sands Corp. 0.5 
Workday, Inc. Class A 0.4 
Palo Alto Networks, Inc. 0.4 
T-Mobile U.S., Inc. 0.4 
Dell Technologies, Inc. 0.4 
Splunk, Inc. 0.4 
 5.1 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 19.8 
Financials 16.3 
Consumer Discretionary 14.1 
Industrials 13.5 
Health Care 12.7 
Real Estate 8.0 
Materials 5.0 
Energy 4.3 
Consumer Staples 2.8 
Utilities 2.5 

Fidelity® Extended Market Index Fund

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.9%   
 Shares Value 
CONSUMER DISCRETIONARY - 14.1%   
Auto Components - 1.2%   
Adient PLC (a) 415,157 $17,972,147 
American Axle & Manufacturing Holdings, Inc. (a)(b) 446,529 7,908,029 
Autoliv, Inc. (a) 389,696 34,718,017 
CDTi Advanced Materials, Inc. (a)(b) 23,121 8,786 
Cooper Tire & Rubber Co. 226,038 6,521,196 
Cooper-Standard Holding, Inc. (b) 73,338 10,152,179 
Dana Holding Corp. 655,624 12,830,562 
Delphi Technologies PLC 395,514 13,933,958 
Dorman Products, Inc. (a)(b) 134,628 10,902,175 
Fox Factory Holding Corp. (b) 169,599 11,202,014 
Gentex Corp. 1,224,509 28,629,020 
Gentherm, Inc. (a)(b) 166,226 8,178,319 
Hertz Global Holdings, Inc. (a)(b) 373,428 6,576,067 
Horizon Global Corp. (a)(b) 104,364 809,865 
LCI Industries 113,240 10,525,658 
Lear Corp. 294,282 47,732,540 
Modine Manufacturing Co. (b) 227,805 3,838,514 
Motorcar Parts of America, Inc. (a)(b) 88,120 2,338,705 
Shiloh Industries, Inc. (b) 59,119 530,889 
Standard Motor Products, Inc. 95,988 4,873,311 
Stoneridge, Inc. (b) 121,984 3,650,981 
Strattec Security Corp. 16,077 551,441 
Superior Industries International, Inc. 101,962 2,212,575 
Sypris Solutions, Inc. (b) 33,367 53,387 
Tenneco, Inc. 229,232 9,808,837 
Tower International, Inc. 96,360 3,256,968 
Unique Fabricating, Inc. (a) 9,426 75,408 
UQM Technologies, Inc. (a)(b) 135,330 162,396 
Veoneer, Inc. (a)(b) 390,087 19,480,945 
Visteon Corp. (a)(b) 131,112 14,473,454 
VOXX International Corp. (b) 81,933 442,438 
Workhorse Group, Inc. (a)(b) 96,155 98,078 
  294,448,859 
Automobiles - 0.9%   
REV Group, Inc. (a) 127,715 2,172,432 
Tesla, Inc. (a)(b) 600,021 181,002,265 
Thor Industries, Inc. 220,657 21,059,504 
Winnebago Industries, Inc. 130,656 4,827,739 
  209,061,940 
Distributors - 0.2%   
Core-Mark Holding Co., Inc. 210,476 7,528,727 
Educational Development Corp. 32,392 388,704 
Pool Corp. 182,120 29,915,031 
Weyco Group, Inc. 33,001 1,170,545 
  39,003,007 
Diversified Consumer Services - 0.9%   
Adtalem Global Education, Inc. (b) 269,943 12,916,773 
American Public Education, Inc. (b) 73,999 2,571,465 
Ascent Capital Group, Inc. (b) 46,583 95,495 
Aspen Group, Inc. (b) 4,559 35,013 
Bridgepoint Education, Inc. (b) 125,853 1,480,031 
Bright Horizons Family Solutions, Inc. (b) 262,457 31,345,240 
Cambium Learning Group, Inc. (b) 62,373 834,551 
Career Education Corp. (b) 294,392 4,695,552 
Carriage Services, Inc. 68,174 1,552,322 
Chegg, Inc. (a)(b) 373,057 12,079,586 
Collectors Universe, Inc. 36,664 547,394 
Graham Holdings Co. 20,070 11,292,386 
Grand Canyon Education, Inc. (b) 212,371 25,301,881 
Houghton Mifflin Harcourt Co. (b) 454,966 2,934,531 
K12, Inc. (b) 174,512 2,889,919 
Laureate Education, Inc. Class A (b) 239,109 3,818,571 
Lincoln Educational Services Corp. (b) 82,611 181,744 
National American University Holdings, Inc. 22,806 20,069 
Regis Corp. (a)(b) 157,058 3,359,471 
Service Corp. International 816,351 34,254,088 
ServiceMaster Global Holdings, Inc. (b) 607,007 36,584,312 
Sotheby's Class A (Ltd. vtg.) (a)(b) 164,729 7,910,287 
Strategic Education, Inc. 93,644 12,994,978 
Universal Technical Institute, Inc. (b) 85,915 233,689 
Weight Watchers International, Inc. (a)(b) 164,897 12,350,785 
Xpresspa Group, Inc. (a)(b) 92,290 15,929 
  222,296,062 
Hotels, Restaurants & Leisure - 3.3%   
ARAMARK Holdings Corp. 1,097,334 45,078,481 
Ark Restaurants Corp. 8,300 185,090 
Belmond Ltd. Class A (b) 377,445 6,322,204 
BFC Financial Corp. Class A 322,999 2,399,883 
Biglari Holdings, Inc. (b) 449 430,196 
Biglari Holdings, Inc. (a)(b) 4,931 974,119 
BJ's Restaurants, Inc. 79,787 6,039,876 
Bloomin' Brands, Inc. 408,528 7,884,590 
Bojangles', Inc. (a)(b) 81,225 1,185,885 
Boyd Gaming Corp. 365,028 13,294,320 
Brinker International, Inc. 194,122 8,595,722 
Caesars Entertainment Corp. (a)(b) 619,589 6,319,808 
Carrols Restaurant Group, Inc. (b) 164,134 2,593,317 
Century Casinos, Inc. (b) 117,212 937,696 
Chanticleer Holdings, Inc. (a)(b) 9,043 23,060 
Choice Hotels International, Inc. 161,267 12,586,889 
Churchill Downs, Inc. 50,810 14,358,906 
Chuy's Holdings, Inc. (a)(b) 80,703 2,336,352 
Cracker Barrel Old Country Store, Inc. (a) 107,050 15,960,085 
Dave & Buster's Entertainment, Inc. (a)(b) 178,667 10,393,059 
Del Frisco's Restaurant Group, Inc. (b) 141,158 1,333,943 
Del Taco Restaurants, Inc. (b) 165,354 2,138,027 
Denny's Corp. (b) 300,088 4,522,326 
Dine Brands Global, Inc. (a) 81,512 6,799,731 
Diversified Restaurant Holdings, Inc. (b) 53,847 64,078 
Domino's Pizza, Inc. 188,801 56,368,427 
Dover Downs Gaming & Entertainment, Inc. (a)(b) 99,329 317,853 
Dover Motorsports, Inc. 22,265 45,643 
Drive Shack, Inc. (a)(b) 273,459 1,695,446 
Dunkin' Brands Group, Inc. (a) 366,649 26,725,046 
El Pollo Loco Holdings, Inc. (a)(b) 95,555 1,137,105 
Eldorado Resorts, Inc. (a)(b) 270,640 13,004,252 
Empire Resorts, Inc. (b) 9,190 114,416 
Extended Stay America, Inc. unit 858,074 17,315,933 
Famous Dave's of America, Inc. (a)(b) 20,722 137,801 
Fiesta Restaurant Group, Inc. (a)(b) 124,405 3,576,644 
Flanigans Enterprises, Inc. 1,099 30,663 
Full House Resorts, Inc. (b) 33,775 103,014 
Gaming Partners International Corp. 1,555 13,529 
Golden Entertainment, Inc. (a)(b) 76,111 2,207,980 
Good Times Restaurants, Inc. (a)(b) 40,245 197,201 
Habit Restaurants, Inc. Class A (a)(b) 104,122 1,723,219 
Hilton Grand Vacations, Inc. (b) 429,083 14,013,851 
Hyatt Hotels Corp. Class A 205,010 15,859,574 
ILG, Inc. 468,826 16,001,031 
Inspired Entertainment, Inc. (a)(b) 65,633 465,994 
International Speedway Corp. Class A 109,682 4,842,460 
J. Alexanders Holdings, Inc. (b) 57,936 718,406 
Jack in the Box, Inc. 125,955 11,416,561 
Jamba, Inc. (a)(b) 72,308 938,558 
Kona Grill, Inc. (a)(b) 42,354 108,003 
Las Vegas Sands Corp. 1,620,450 106,009,839 
Lindblad Expeditions Holdings (b) 124,865 1,896,699 
Luby's, Inc. (b) 53,936 108,951 
Marriott Vacations Worldwide Corp. (a) 106,632 12,689,208 
Monarch Casino & Resort, Inc. (b) 51,970 2,445,189 
Nathan's Famous, Inc. 14,061 1,247,211 
Noodles & Co. (a)(b) 179,808 2,211,638 
Papa John's International, Inc. (a) 104,923 4,839,049 
Papa Murphy's Holdings, Inc. (a)(b) 42,478 235,753 
Peak Resorts, Inc. 18,552 94,615 
Penn National Gaming, Inc. (a)(b) 374,892 12,918,778 
Pinnacle Entertainment, Inc. (b) 245,051 8,390,546 
Planet Fitness, Inc. (b) 391,065 20,089,009 
Playa Hotels & Resorts NV (b) 307,268 3,174,078 
PlayAGS, Inc. (a)(b) 100,762 3,228,414 
Potbelly Corp. (a)(b) 109,327 1,481,381 
Rave Restaurant Group, Inc. (a)(b) 27,004 34,835 
RCI Hospitality Holdings, Inc. 40,076 1,299,665 
Red Lion Hotels Corp. (b) 142,774 1,948,865 
Red Robin Gourmet Burgers, Inc. (a)(b) 58,123 2,400,480 
Red Rock Resorts, Inc. 313,105 10,219,747 
Ruth's Hospitality Group, Inc. 138,050 4,251,940 
Scientific Games Corp. Class A (a)(b) 240,593 7,289,968 
SeaWorld Entertainment, Inc. (a)(b) 301,930 8,852,588 
Shake Shack, Inc. Class A (a)(b) 91,352 5,522,228 
Six Flags Entertainment Corp. (a) 343,574 23,208,424 
Sonic Corp. (a) 167,298 5,999,306 
Speedway Motorsports, Inc. 52,361 936,738 
Texas Roadhouse, Inc. Class A 291,972 20,131,469 
The Cheesecake Factory, Inc. (a) 191,688 10,192,051 
The ONE Group Hospitality, Inc. (b) 64 202 
Town Sports International Holdings, Inc. (a)(b) 117,611 1,076,141 
U.S. Foods Holding Corp. (b) 610,625 19,900,269 
Vail Resorts, Inc. 180,033 53,658,836 
Wendy's Co. 793,027 13,996,927 
Wingstop, Inc. 134,876 9,029,948 
Wyndham Destinations, Inc. 438,771 19,393,678 
Wyndham Hotels & Resorts, Inc. 448,589 25,457,426 
Zoe's Kitchen, Inc. (a)(b) 84,372 1,155,896 
  788,854,238 
Household Durables - 1.0%   
AV Homes, Inc. (a)(b) 48,545 1,041,290 
Bassett Furniture Industries, Inc. 44,549 1,040,219 
Beazer Homes U.S.A., Inc. (b) 161,535 2,069,263 
Cavco Industries, Inc. (b) 38,753 9,509,986 
Century Communities, Inc. (b) 107,446 3,142,796 
Comstock Holding Companies, Inc. (a)(b) 5,255 14,714 
CSS Industries, Inc. 38,366 532,520 
Dixie Group, Inc. (b) 52,063 88,507 
Emerson Radio Corp. (b) 23,944 34,958 
Ethan Allen Interiors, Inc. 120,058 2,671,291 
Flexsteel Industries, Inc. 27,568 983,626 
GoPro, Inc. Class A (a)(b) 488,399 3,130,638 
Green Brick Partners, Inc. (b) 126,138 1,318,142 
Hamilton Beach Brands Holding Co. Class A 31,310 724,827 
Helen of Troy Ltd. (b) 118,161 14,055,251 
Hooker Furniture Corp. 53,135 2,234,327 
Hovnanian Enterprises, Inc. Class A (a)(b) 570,695 890,284 
Installed Building Products, Inc. (a)(b) 93,224 4,339,577 
iRobot Corp. (a)(b) 123,457 14,012,370 
KB Home 384,332 9,550,650 
Koss Corp. (b) 1,363 4,961 
La-Z-Boy, Inc. 210,116 6,986,357 
LGI Homes, Inc. (a)(b) 82,020 4,724,352 
Libbey, Inc. 99,416 977,259 
Lifetime Brands, Inc. 49,035 571,258 
Live Ventures, Inc. (a)(b) 13,437 139,207 
M.D.C. Holdings, Inc. 197,575 6,263,128 
M/I Homes, Inc. (b) 126,733 3,283,652 
Meritage Homes Corp. (b) 168,966 7,290,883 
New Home Co. LLC (a)(b) 56,015 491,812 
Nova LifeStyle, Inc. (a)(b) 94,559 168,315 
NVR, Inc. (b) 15,014 40,064,108 
Roku, Inc. Class A (a) 197,461 11,746,955 
Skyline Champion Corp. (a) 37,140 1,073,717 
Taylor Morrison Home Corp. (b) 490,101 9,537,365 
Tempur Sealy International, Inc. (a)(b) 205,288 11,370,902 
Toll Brothers, Inc. 620,900 22,495,207 
TopBuild Corp. (b) 158,127 9,848,150 
TRI Pointe Homes, Inc. (a)(b) 696,854 10,097,414 
Tupperware Brands Corp. 232,323 7,555,144 
Turtle Beach Corp. (a)(b) 30,978 709,706 
Universal Electronics, Inc. (b) 64,631 2,792,059 
Vuzix Corp. (a)(b) 105,859 688,084 
William Lyon Homes, Inc. (b) 130,949 2,562,672 
Zagg, Inc. (b) 126,039 2,041,832 
  234,869,735 
Internet & Direct Marketing Retail - 0.5%   
1-800-FLOWERS.com, Inc. Class A (b) 149,584 1,802,487 
Blue Apron Holdings, Inc. Class A (a)(b) 167,209 337,762 
CafePress, Inc. (b) 18,525 23,527 
Duluth Holdings, Inc. (a)(b) 50,523 1,462,136 
EVINE Live, Inc. (b) 202,505 259,206 
FTD Companies, Inc. (b) 72,589 259,869 
Gaia, Inc. Class A (b) 63,495 1,111,163 
Groupon, Inc. (a)(b) 1,799,969 7,685,868 
Lands' End, Inc. (a)(b) 79,744 2,049,421 
Liberty Expedia Holdings, Inc. (b) 243,141 11,220,957 
Liberty Interactive Corp. QVC Group Series A (b) 1,997,862 41,535,551 
Liberty TripAdvisor Holdings, Inc. (a)(b) 321,787 5,100,324 
NutriSystem, Inc. (a) 131,713 4,873,381 
Overstock.com, Inc. (a)(b) 91,080 2,659,536 
PetMed Express, Inc. (a) 90,589 3,323,710 
Shutterfly, Inc. (a)(b) 146,417 11,373,673 
U.S. Auto Parts Network, Inc. (b) 61,593 89,926 
Wayfair LLC Class A (a)(b) 193,361 26,136,606 
  121,305,103 
Leisure Products - 0.4%   
American Outdoor Brands Corp. (a)(b) 234,376 3,288,295 
Brunswick Corp. 392,116 26,044,345 
Callaway Golf Co. 434,031 9,900,247 
Clarus Corp. 96,677 1,000,607 
Escalade, Inc. 32,990 438,767 
JAKKS Pacific, Inc. (a)(b) 84,913 216,528 
Johnson Outdoors, Inc. Class A 26,035 2,636,825 
Malibu Boats, Inc. Class A (b) 91,698 4,420,761 
Marine Products Corp. 24,746 486,011 
MCBC Holdings, Inc. (b) 80,733 2,225,809 
Nautilus, Inc. (b) 139,378 2,041,888 
Polaris Industries, Inc. 261,830 28,395,464 
Sturm, Ruger & Co., Inc. (a) 79,114 5,178,011 
Summer Infant, Inc. (b) 36,722 70,506 
Vista Outdoor, Inc. (a)(b) 255,466 4,718,457 
  91,062,521 
Media - 2.6%   
A.H. Belo Corp. Class A 69,528 305,923 
Alliance MMA, Inc. (a)(b) 30,530 9,159 
Altice U.S.A., Inc. Class A 533,044 9,552,148 
AMC Entertainment Holdings, Inc. Class A 228,936 4,361,231 
AMC Networks, Inc. Class A (a)(b) 204,624 12,852,433 
Ballantyne of Omaha, Inc. (b) 46,879 203,924 
Beasley Broadcast Group, Inc. Class A 15,847 119,645 
Cable One, Inc. (a) 20,703 17,343,731 
Central European Media Enterprises Ltd. Class A (a)(b) 429,345 1,631,511 
Cinedigm Corp. (a)(b) 23,291 29,114 
Cinemark Holdings, Inc. 473,165 17,658,518 
Clear Channel Outdoor Holding, Inc. Class A 150,322 683,965 
Daily Journal Corp. (a)(b) 4,233 1,009,359 
E.W. Scripps Co. Class A 255,555 3,748,992 
Emmis Communications Corp. Class A (b) 24,302 123,454 
Entercom Communications Corp. Class A (a) 620,104 4,867,816 
Entravision Communication Corp. Class A 275,793 1,447,913 
Fluent, Inc. (a)(b) 178,990 429,576 
Gannett Co., Inc. 504,935 5,190,732 
GCI Liberty, Inc. (b) 452,051 22,186,663 
Global Eagle Entertainment, Inc. (a)(b) 266,502 708,895 
Gray Television, Inc. (b) 346,794 6,051,555 
Harte-Hanks, Inc. (b) 20,159 173,166 
Hemisphere Media Group, Inc. (b) 92,913 1,272,908 
Insignia Systems, Inc. (b) 22,471 48,987 
John Wiley & Sons, Inc. Class A 208,990 13,490,305 
Lee Enterprises, Inc. (a)(b) 220,079 627,225 
Liberty Broadband Corp.:   
Class A (a)(b) 155,935 12,630,735 
Class C (b) 639,047 51,820,321 
Liberty Global PLC:   
Class A (b) 968,528 25,966,236 
Class C (a)(b) 2,677,538 69,321,459 
Liberty Latin America Ltd. (a)(b) 539,966 10,599,533 
Liberty Latin America Ltd. Class A (a)(b) 192,335 3,790,923 
Liberty Media Corp.:   
Liberty Braves Class A (b) 50,029 1,334,774 
Liberty Braves Class C (a)(b) 148,739 3,951,995 
Liberty Formula One Group Series C (b) 885,276 32,719,801 
Liberty Media Class A (a)(b) 133,732 4,677,945 
Liberty SiriusXM Series A (b) 436,353 20,395,139 
Liberty SiriusXM Series C (b) 684,888 32,217,132 
Lions Gate Entertainment Corp.:   
Class A (a) 266,609 6,270,644 
Class B (a) 524,665 11,778,729 
Live Nation Entertainment, Inc. (a)(b) 610,005 30,305,048 
LiveXLive Media, Inc. (a)(b) 104,452 529,572 
Loral Space & Communications Ltd. (a)(b) 54,083 2,398,581 
Marcus Corp. 88,925 3,610,355 
Meredith Corp. 177,041 9,144,168 
MSG Network, Inc. Class A (a)(b) 281,615 6,843,245 
National CineMedia, Inc. 271,241 2,468,293 
New Media Investment Group, Inc. 282,428 4,490,605 
Nexstar Broadcasting Group, Inc. Class A (a) 201,548 16,526,936 
NTN Communications, Inc. (a)(b) 20,786 103,564 
Reading International, Inc. Class A (b) 94,967 1,528,969 
RLJ Entertainment, Inc. (b) 84,322 527,013 
Saga Communications, Inc. Class A 17,067 648,546 
Salem Communications Corp. Class A 38,194 147,047 
Scholastic Corp. 121,503 5,107,986 
Sinclair Broadcast Group, Inc. Class A 338,987 9,813,674 
Sirius XM Holdings, Inc. (a) 6,382,464 45,315,494 
Social Reality, Inc. (a)(b) 34,667 150,455 
SPAR Group, Inc. (a)(b) 143,038 145,899 
Tegna, Inc. 974,297 11,340,817 
The Madison Square Garden Co. (b) 73,987 22,339,635 
The McClatchy Co. Class A (a)(b) 20,452 184,068 
The New York Times Co. Class A (a) 574,286 13,380,864 
Townsquare Media, Inc. 39,720 354,700 
Tribune Media Co. Class A 317,294 11,704,976 
tronc, Inc. (b) 114,154 1,883,541 
Urban One, Inc. Class D (non-vtg.) (b) 112,382 247,240 
World Wrestling Entertainment, Inc. Class A (a) 177,463 15,512,041 
  630,357,546 
Multiline Retail - 0.2%   
Big Lots, Inc. (a) 188,705 8,123,750 
Dillard's, Inc. Class A (a) 88,484 6,953,073 
Fred's, Inc. Class A (a) 145,522 248,843 
JC Penney Corp., Inc. (a)(b) 1,391,260 2,462,530 
Ollie's Bargain Outlet Holdings, Inc. (a)(b) 220,892 19,239,693 
Sears Holdings Corp. (a)(b) 137,613 184,401 
Tuesday Morning Corp. (a)(b) 191,458 583,947 
  37,796,237 
Specialty Retail - 1.9%   
Aaron's, Inc. Class A 277,390 13,791,831 
Abercrombie & Fitch Co. Class A 305,387 6,617,736 
America's Car Mart, Inc. (b) 32,267 2,692,681 
American Eagle Outfitters, Inc. 748,803 19,438,926 
Appliance Recycling Centers of America, Inc. (b) 2,912 3,116 
Armstrong Flooring, Inc. (b) 107,523 1,882,728 
Asbury Automotive Group, Inc. (b) 79,754 5,941,673 
Ascena Retail Group, Inc. (a)(b) 760,695 3,483,983 
At Home Group, Inc. (a)(b) 114,088 3,925,768 
AutoNation, Inc. (a)(b) 260,707 11,823,062 
Barnes & Noble Education, Inc. (b) 167,418 1,001,160 
Barnes & Noble, Inc. (a) 282,172 1,481,403 
Bed Bath & Beyond, Inc. 623,918 11,193,089 
Big 5 Sporting Goods Corp. (a) 96,400 549,480 
Blink Charging Co. (a) 48,416 154,447 
Boot Barn Holdings, Inc. (a)(b) 120,662 3,611,414 
Build-A-Bear Workshop, Inc. (b) 60,976 560,979 
Burlington Stores, Inc. (b) 301,209 50,657,330 
Caleres, Inc. 201,174 8,143,524 
Camping World Holdings, Inc. (a) 137,047 2,838,243 
Cars.com, Inc. (a)(b) 323,274 8,699,303 
Chico's FAS, Inc. 569,523 5,194,050 
Christopher & Banks Corp. (a)(b) 139,716 136,922 
Citi Trends, Inc. 68,267 2,112,181 
Conn's, Inc. (a)(b) 121,175 4,968,175 
Destination Maternity Corp. (a)(b) 70,933 356,084 
Destination XL Group, Inc. (a)(b) 161,954 445,374 
DGSE Companies, Inc. (a)(b) 6,800 4,552 
Dick's Sporting Goods, Inc. (a) 344,167 12,885,612 
DSW, Inc. Class A (a) 318,244 10,584,795 
Express, Inc. (a)(b) 350,263 3,929,951 
Five Below, Inc. (a)(b) 247,751 28,855,559 
Floor & Decor Holdings, Inc. Class A (a)(b) 200,563 7,372,696 
Francesca's Holdings Corp. (a)(b) 161,057 1,011,438 
GameStop Corp. Class A (a) 446,525 5,925,387 
Genesco, Inc. (a)(b) 87,079 4,427,967 
GNC Holdings, Inc. Class A (a)(b) 305,807 948,002 
Group 1 Automotive, Inc. 90,525 6,978,572 
Guess?, Inc. 267,769 6,560,341 
Haverty Furniture Companies, Inc. 83,237 1,839,538 
Hibbett Sports, Inc. (a)(b) 85,321 1,753,347 
InfoSonics Corp. (b) 1,646 6,090 
Kirkland's, Inc. (a)(b) 63,574 577,888 
Lithia Motors, Inc. Class A (sub. vtg.) (a) 107,785 9,312,624 
Lumber Liquidators Holdings, Inc. (a)(b) 123,416 2,151,141 
MarineMax, Inc. (b) 98,126 2,207,835 
Michaels Companies, Inc. (a)(b) 488,557 8,300,583 
Monro, Inc. (a) 147,644 10,475,342 
Murphy U.S.A., Inc. (a)(b) 136,733 11,346,104 
New York & Co., Inc. (a)(b) 121,608 553,316 
Office Depot, Inc. 2,271,839 7,610,661 
Party City Holdco, Inc. (a)(b) 120,567 1,850,703 
Penske Automotive Group, Inc. (a) 160,272 8,435,115 
Pier 1 Imports, Inc. (a) 329,915 607,044 
Rent-A-Center, Inc. (a)(b) 242,006 3,567,168 
RH (a)(b) 85,455 13,587,345 
Sally Beauty Holdings, Inc. (a)(b) 544,765 8,389,381 
Sears Hometown & Outlet Stores, Inc. (a)(b) 47,413 142,239 
Shoe Carnival, Inc. 48,930 2,175,428 
Signet Jewelers Ltd. (a) 263,848 16,939,042 
Sleep Number Corp. (a)(b) 167,458 5,643,335 
Sonic Automotive, Inc. Class A (sub. vtg.) 106,428 2,288,202 
Sportsman's Warehouse Holdings, Inc. (a)(b) 164,128 937,171 
Stage Stores, Inc. (a) 125,887 264,363 
Stein Mart, Inc. (a)(b) 118,280 275,592 
Tailored Brands, Inc. (a) 217,999 5,131,696 
Tandy Leather Factory, Inc. (b) 3,017 22,778 
The Buckle, Inc. (a) 131,998 3,398,949 
The Cato Corp. Class A (sub. vtg.) 109,621 2,351,370 
The Children's Place Retail Stores, Inc. 73,993 10,414,515 
The Container Store Group, Inc. (b) 73,884 834,889 
Tile Shop Holdings, Inc. 171,080 1,308,762 
Tilly's, Inc. 62,718 1,475,127 
Trans World Entertainment Corp. (b) 28,580 26,582 
Urban Outfitters, Inc. (b) 353,862 16,447,506 
Vitamin Shoppe, Inc. (a)(b) 108,281 1,385,997 
Williams-Sonoma, Inc. (a) 344,633 24,203,576 
Winmark Corp. 8,866 1,322,807 
Zumiez, Inc. (b) 82,415 2,567,227 
  453,317,912 
Textiles, Apparel & Luxury Goods - 1.0%   
Carbon Black, Inc. (a) 40,598 1,028,347 
Carter's, Inc. 209,977 22,242,864 
Charles & Colvard Ltd. (a)(b) 44,254 45,582 
Cherokee, Inc. (a)(b) 50,362 43,311 
Columbia Sportswear Co. 140,596 12,752,057 
Crocs, Inc. (a)(b) 310,259 6,409,951 
Crown Crafts, Inc. 2,186 12,788 
Culp, Inc. 43,649 1,106,502 
Deckers Outdoor Corp. (b) 136,070 16,578,769 
Delta Apparel, Inc. (b) 25,017 464,065 
Differential Brands Group, Inc. (a)(b) 60,189 290,111 
Emerald Expositions Events, Inc. 111,911 1,748,050 
Forward Industries, Inc. (NY Shares) (a)(b) 18,474 28,450 
Fossil Group, Inc. (a)(b) 195,270 4,426,771 
G-III Apparel Group Ltd. (a)(b) 188,127 8,556,016 
Goosehead Insurance (a) 44,880 1,392,178 
Iconix Brand Group, Inc. (a)(b) 269,342 94,270 
J.Jill, Inc. (a)(b) 69,488 419,708 
Lakeland Industries, Inc. (b) 24,080 317,856 
lululemon athletica, Inc. (b) 426,554 66,086,011 
Movado Group, Inc. 70,492 3,002,959 
Naked Brand Group, Inc. (a)(b) 6,834 27,883 
Newmark Group, Inc. 559,816 7,193,636 
Oxford Industries, Inc. 76,738 7,143,540 
Perry Ellis International, Inc. (b) 59,963 1,650,781 
PetIQ, Inc. Class A (a)(b) 29,036 1,137,050 
Rocky Brands, Inc. 31,092 937,424 
Sequential Brands Group, Inc. (a)(b) 181,557 326,803 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(b) 610,234 17,989,698 
Steven Madden Ltd. 237,240 13,795,506 
Stitch Fix, Inc. (a)(b) 64,803 2,629,706 
Superior Group of Companies, Inc. 29,984 568,197 
Switch, Inc. Class A (a) 171,537 1,982,968 
TPG RE Finance Trust, Inc. 197,654 4,081,555 
Unifi, Inc. (b) 78,142 2,485,697 
Vera Bradley, Inc. (b) 94,414 1,384,109 
Vince Holding Corp. (a)(b) 13,170 277,755 
Wolverine World Wide, Inc. 426,756 16,720,300 
  227,379,224 
TOTAL CONSUMER DISCRETIONARY  3,349,752,384 
CONSUMER STAPLES - 2.8%   
Beverages - 0.2%   
Boston Beer Co., Inc. Class A (b) 39,145 11,866,807 
Castle Brands, Inc. (a)(b) 349,780 402,247 
Celsius Holdings, Inc. (a)(b) 62,275 284,597 
Coca-Cola Bottling Co. Consolidated 21,283 3,608,745 
Craft Brew Alliance, Inc. (b) 47,928 908,236 
Keurig Dr. Pepper, Inc. 800,642 18,254,638 
MGP Ingredients, Inc. (a) 56,066 4,323,249 
National Beverage Corp. (a) 52,602 6,198,620 
New Age Beverages Corp. (a)(b) 90,017 133,225 
Primo Water Corp. (b) 153,485 3,069,700 
REED'S, Inc. (a)(b) 70,567 232,871 
  49,282,935 
Food & Staples Retailing - 0.5%   
Andersons, Inc. 119,001 4,861,191 
Casey's General Stores, Inc. (a) 168,046 19,185,812 
Chefs' Warehouse Holdings (a)(b) 95,703 2,813,668 
Ingles Markets, Inc. Class A 61,881 2,224,622 
Natural Grocers by Vitamin Cottage, Inc. (a)(b) 42,028 815,763 
Performance Food Group Co. (b) 382,166 12,649,695 
PriceSmart, Inc. (a) 102,329 8,887,274 
Rite Aid Corp. (a)(b) 4,796,382 6,571,043 
Smart & Final Stores, Inc. (a)(b) 129,757 908,299 
SpartanNash Co. 163,229 3,484,939 
Sprouts Farmers Market LLC (b) 554,974 14,690,162 
SUPERVALU, Inc. (b) 175,843 5,677,970 
United Natural Foods, Inc. (a)(b) 221,922 7,880,450 
Village Super Market, Inc. Class A 35,891 1,047,299 
Weis Markets, Inc. 74,984 3,493,505 
Welbilt, Inc. (a)(b) 624,906 13,829,170 
  109,020,862 
Food Products - 1.4%   
Alico, Inc. 12,431 401,521 
Arcadia Biosciences, Inc. (b) 2,224 15,234 
B&G Foods, Inc. Class A (a) 295,011 9,425,601 
Bunge Ltd. 629,194 40,885,026 
Cal-Maine Foods, Inc. 132,202 6,537,389 
Calavo Growers, Inc. (a) 70,040 7,413,734 
Coffee Holding Co., Inc. (b) 18,589 94,990 
Darling International, Inc. (b) 744,036 14,717,032 
Dean Foods Co. (a) 403,110 3,071,698 
Farmer Brothers Co. (a)(b) 50,454 1,463,166 
Flowers Foods, Inc. 837,902 16,883,725 
Fresh Del Monte Produce, Inc. 150,807 5,646,214 
Freshpet, Inc. (a)(b) 111,119 4,128,071 
Hostess Brands, Inc. Class A (a)(b) 352,939 4,150,563 
Ingredion, Inc. 323,089 32,654,605 
J&J Snack Foods Corp. 66,998 9,748,209 
John B. Sanfilippo & Son, Inc. 40,025 2,924,627 
Lamb Weston Holdings, Inc. 650,730 43,989,348 
Lancaster Colony Corp. 90,080 14,076,802 
Landec Corp. (b) 118,257 1,590,557 
Lifeway Foods, Inc. (b) 26,937 96,973 
Limoneira Co. 63,181 1,949,134 
nLIGHT, Inc. (b) 27,693 853,221 
Pilgrim's Pride Corp. (a)(b) 240,755 4,451,560 
Pinnacle Foods, Inc. 522,687 34,716,871 
Post Holdings, Inc. (a)(b) 298,955 29,076,363 
RiceBran Technologies (a)(b) 31,606 103,036 
Rocky Mountain Chocolate Factory, Inc. 2,945 30,039 
S&W Seed Co. (a)(b) 43,975 140,720 
Sanderson Farms, Inc. (a) 90,912 9,614,853 
Seaboard Corp. 1,246 4,591,236 
Seneca Foods Corp. Class A (b) 29,562 954,853 
The Hain Celestial Group, Inc. (a)(b) 465,870 13,305,247 
The Simply Good Foods Co. (a)(b) 239,761 4,315,698 
Tootsie Roll Industries, Inc. (a) 90,278 2,600,006 
TreeHouse Foods, Inc. (a)(b) 253,310 13,197,451 
  339,815,373 
Household Products - 0.2%   
Central Garden & Pet Co. Class A (non-vtg.) (b) 231,435 8,408,034 
Energizer Holdings, Inc. 265,351 16,873,670 
Funko, Inc. (a)(b) 53,219 1,352,827 
Ocean Bio-Chem, Inc. 25,804 106,571 
Oil-Dri Corp. of America 22,258 904,788 
Orchids Paper Products Co. (a)(b) 39,941 146,583 
Spectrum Brands Holdings, Inc. (a) 212,444 18,450,761 
WD-40 Co. (a) 61,978 10,997,996 
  57,241,230 
Personal Products - 0.4%   
Avon Products, Inc. (a)(b) 1,977,598 3,955,196 
CCA Industries, Inc. (b) 3,026 8,624 
Cyanotech Corp. (b) 3,737 13,453 
Edgewell Personal Care Co. (a)(b) 240,900 13,603,623 
elf Beauty, Inc. (a)(b) 100,515 1,396,153 
Herbalife Nutrition Ltd. (b) 514,818 29,133,551 
Inter Parfums, Inc. 78,674 5,137,412 
LifeVantage Corp. (a)(b) 57,355 720,379 
Mannatech, Inc. 4,435 83,600 
MediFast, Inc. 47,085 10,770,694 
MYOS Corp. (a)(b) 833 1,100 
Natural Alternatives International, Inc. (b) 19,731 187,445 
Natural Health Trends Corp. (a) 30,320 802,570 
Nature's Sunshine Products, Inc. (b) 31,350 282,150 
Nu Skin Enterprises, Inc. Class A 248,893 19,811,883 
Reliv International, Inc. (b) 1,499 7,345 
Revlon, Inc. (a)(b) 47,986 1,043,696 
United-Guardian, Inc. 5,904 108,338 
USANA Health Sciences, Inc. (b) 52,016 6,863,511 
Veru, Inc. (a)(b) 71,284 141,855 
  94,072,578 
Tobacco - 0.1%   
22nd Century Group, Inc. (a)(b) 460,359 1,247,573 
Alliance One International, Inc. (a)(b) 38,644 683,999 
Turning Point Brands, Inc. (a) 33,366 1,123,100 
Universal Corp. 113,060 6,760,988 
Vector Group Ltd. (a) 473,473 7,353,036 
  17,168,696 
TOTAL CONSUMER STAPLES  666,601,674 
ENERGY - 4.3%   
Energy Equipment & Services - 1.1%   
ACM Research, Inc. (a)(b) 36,968 521,618 
Archrock, Inc. 593,191 7,503,866 
Aspen Aerogels, Inc. (b) 83,435 403,825 
Basic Energy Services, Inc. (b) 98,791 875,288 
Bristow Group, Inc. (a)(b) 139,892 1,533,216 
C&J Energy Services, Inc. (b) 291,885 6,114,991 
Carbo Ceramics, Inc. (a)(b) 108,759 940,765 
Core Laboratories NV (a) 194,832 22,318,006 
Dawson Geophysical Co. (a) 86,896 538,755 
Diamond Offshore Drilling, Inc. (a)(b) 281,291 4,900,089 
Dril-Quip, Inc. (a)(b) 170,524 8,978,089 
EcoStim Energy Solutions, Inc. (b) 45,009 18,773 
ENGlobal Corp. (b) 48,611 50,555 
Ensco PLC Class A (a) 1,938,236 13,257,534 
Enservco Corp. (a)(b) 76,307 50,370 
Era Group, Inc. (b) 74,312 887,285 
Exterran Corp. (b) 142,998 3,916,715 
Forum Energy Technologies, Inc. (b) 346,649 4,142,456 
Frank's International NV (a) 279,786 2,470,510 
FTS International, Inc. (b) 109,598 1,208,866 
Geospace Technologies Corp. (a)(b) 61,378 867,271 
Gulf Island Fabrication, Inc. 50,167 474,078 
GulfMark Offshore, Inc. (a)(b) 15,982 583,343 
Helix Energy Solutions Group, Inc. (b) 626,995 5,868,673 
Hornbeck Offshore Services, Inc. (b) 145,542 641,840 
Independence Contract Drilling, Inc. (b) 124,870 545,682 
ION Geophysical Corp. (a)(b) 42,726 766,932 
Key Energy Services, Inc. (b) 46,431 620,318 
Liberty Oilfield Services, Inc. Class A (a) 46,862 920,370 
Mammoth Energy Services, Inc. 44,896 1,233,742 
Matrix Service Co. (b) 122,152 2,552,977 
McDermott International, Inc. (a)(b) 798,344 15,439,973 
Mitcham Industries, Inc. (b) 40,167 160,668 
Nabors Industries Ltd. 1,575,166 9,718,774 
Natural Gas Services Group, Inc. (b) 51,774 1,144,205 
NCS Multistage Holdings, Inc. (a)(b) 46,570 757,694 
Newpark Resources, Inc. (a)(b) 395,660 4,154,430 
Noble Corp. (a)(b) 1,104,992 6,740,451 
Oceaneering International, Inc. (a) 453,391 12,817,364 
Oil States International, Inc. (b) 276,237 9,350,622 
Parker Drilling Co. (a)(b) 37,424 147,451 
Patterson-UTI Energy, Inc. 992,917 17,008,668 
PHI, Inc. (non-vtg.) (b) 45,577 371,453 
Pioneer Energy Services Corp. (b) 357,373 1,143,594 
Profire Energy, Inc. (a)(b) 143,347 408,539 
Quintana Energy Services, Inc. (a)(b) 65,953 516,412 
Ranger Energy Services, Inc. Class A 20,663 172,536 
RigNet, Inc. (b) 51,505 839,532 
Rowan Companies PLC (a)(b) 497,230 6,981,109 
RPC, Inc. (a) 275,755 3,772,328 
SAExploration Holdings, Inc.:   
warrants 7/27/21 (b)(c) 42 0 
warrants 7/27/21 (b)(c) 42 0 
SEACOR Holdings, Inc. (b) 78,739 4,051,122 
SEACOR Marine Holdings, Inc. (a)(b) 69,485 1,423,053 
Smart Sand, Inc. (a)(b) 100,045 498,224 
Solaris Oilfield Infrastructure, Inc. Class A (a)(b) 89,140 1,534,991 
Superior Energy Services, Inc. (a)(b) 704,690 6,342,210 
Synthesis Energy Systems, Inc. (a)(b) 30,310 75,775 
TETRA Technologies, Inc. (b) 568,895 2,611,228 
Tidewater, Inc. (a)(b) 106,388 3,404,416 
Transocean Ltd. (United States) (a)(b) 1,934,998 23,432,826 
U.S. Silica Holdings, Inc. (a) 352,315 7,465,555 
Unit Corp. (b) 250,344 6,581,544 
Weatherford International PLC (a)(b) 4,437,915 10,739,754 
  255,513,299 
Oil, Gas & Consumable Fuels - 3.2%   
Abraxas Petroleum Corp. (b) 751,149 1,690,085 
Adams Resources & Energy, Inc. 9,725 446,378 
Aemetis, Inc. (b) 43,473 53,907 
Alta Mesa Resources, Inc. Class A (a)(b) 522,555 2,476,911 
Amyris, Inc. (b) 131,911 1,183,242 
Antero Resources Corp. (a)(b) 957,852 17,729,841 
Approach Resources, Inc. (a)(b) 207,929 449,127 
Arch Coal, Inc. 92,704 8,220,064 
Barnwell Industries, Inc. (b) 11,088 21,622 
Bonanza Creek Energy, Inc. (b) 94,040 2,915,240 
California Resources Corp. (a)(b) 194,938 8,097,725 
Callon Petroleum Co. (a)(b) 1,004,425 11,350,003 
Carrizo Oil & Gas, Inc. (b) 388,505 9,409,591 
Centennial Resource Development, Inc. Class A (a)(b) 780,268 15,035,764 
Centrus Energy Corp. Class A (a)(b) 21,753 49,597 
Cheniere Energy, Inc. (b) 925,356 61,934,077 
Chesapeake Energy Corp. (a)(b) 4,038,948 17,892,540 
Clean Energy Fuels Corp. (b) 599,821 1,649,508 
Cloud Peak Energy, Inc. (b) 343,710 811,156 
CNX Resources Corp. (b) 869,470 13,859,352 
Comstock Resources, Inc. (b) 58,734 568,545 
CONSOL Energy, Inc. (b) 110,230 4,728,867 
Contango Oil & Gas Co. (a)(b) 110,727 756,265 
Continental Resources, Inc. (a)(b) 383,933 25,320,381 
CVR Energy, Inc. 130,096 4,950,153 
Delek U.S. Holdings, Inc. 336,903 18,361,214 
Denbury Resources, Inc. (a)(b) 1,782,250 9,927,133 
Diamondback Energy, Inc. (a) 440,444 53,328,960 
Dorian Lpg Ltd. (b) 132,893 1,012,645 
Earthstone Energy, Inc. (b) 106,067 888,841 
Eclipse Resources Corp. (a)(b) 466,049 666,450 
Energen Corp. (b) 435,946 33,807,612 
Energy XXI Gulf Coast, Inc. (b) 160,349 1,451,158 
EP Energy Corp. (a)(b) 190,722 333,764 
Evolution Petroleum Corp. 129,483 1,301,304 
Extraction Oil & Gas, Inc. (a)(b) 573,298 6,621,592 
Gastar Exploration, Inc. (a)(b) 751,204 59,420 
Gevo, Inc. (a)(b) 20,550 79,118 
Goodrich Petroleum Corp. (a)(b) 27,152 379,856 
Green Plains, Inc. 176,797 3,138,147 
Gulfport Energy Corp. (a)(b) 691,671 8,134,051 
Halcon Resources Corp. (a)(b) 695,628 3,185,976 
Hallador Energy Co. 76,925 470,012 
Highpoint Resources, Inc. (b) 434,873 2,396,150 
Houston American Energy Corp. (a)(b) 96,963 21,817 
International Seaways, Inc. (a)(b) 131,702 2,702,525 
Isramco, Inc. (b) 3,432 400,514 
Jagged Peak Energy, Inc. (a)(b) 149,435 1,974,036 
Jones Energy, Inc. (b) 295,544 97,530 
Kosmos Energy Ltd. (a)(b) 1,089,883 9,852,542 
Laredo Petroleum, Inc. (a)(b) 570,943 4,733,117 
Lilis Energy, Inc. (a)(b) 175,925 935,921 
Lonestar Resources U.S., Inc. (a)(b) 94,981 863,377 
Matador Resources Co. (a)(b) 463,546 15,176,496 
Mexco Energy Corp. (b) 2,080 10,504 
Midstates Petroleum Co., Inc. (b) 108,910 1,266,623 
Murphy Oil Corp. 723,796 22,314,631 
NACCO Industries, Inc. Class A 20,158 708,554 
Nextdecade Corp. (a)(b) 57,546 390,737 
Nine Energy Service, Inc. (b) 40,660 1,218,987 
Northern Oil & Gas, Inc. (a)(b) 940,917 3,246,164 
Oasis Petroleum, Inc. (a)(b) 1,181,945 15,908,980 
Overseas Shipholding Group, Inc. (b) 199,656 684,820 
Pacific Ethanol, Inc. (b) 154,515 285,853 
Panhandle Royalty Co. Class A 84,554 1,576,932 
Par Pacific Holdings, Inc. (a)(b) 118,042 2,397,433 
Parsley Energy, Inc. Class A (b) 1,147,417 31,863,770 
PBF Energy, Inc. Class A 528,151 27,421,600 
PDC Energy, Inc. (b) 293,262 15,451,975 
Peabody Energy Corp. 451,615 18,656,216 
Pedevco Corp. (a)(b) 6,070 14,386 
Penn Virginia Corp. (b) 62,543 5,562,574 
PrimeEnergy Corp. (b) 4,446 329,004 
QEP Resources, Inc. (b) 1,061,472 10,582,876 
Ramaco Resources, Inc. (b) 23,222 184,615 
Range Resources Corp. (a) 1,007,119 16,536,894 
Renewable Energy Group, Inc. (a)(b) 150,758 4,062,928 
Resolute Energy Corp. (a)(b) 89,891 2,962,807 
Rex American Resources Corp. (b) 25,663 2,067,925 
Ring Energy, Inc. (b) 246,884 2,913,231 
Sanchez Energy Corp. (a)(b) 332,605 874,751 
SandRidge Energy, Inc. (b) 160,445 2,544,658 
SemGroup Corp. Class A (a) 314,015 7,599,163 
SilverBow Resources, Inc. (b) 24,454 754,650 
SM Energy Co. 457,563 13,768,071 
Southwestern Energy Co. (a)(b) 2,283,668 12,834,214 
SRC Energy, Inc. (a)(b) 1,100,977 10,250,096 
Talos Energy, Inc. (a)(b) 90,661 3,129,618 
Targa Resources Corp. 983,076 54,137,995 
Tellurian, Inc. (a)(b) 413,703 4,000,508 
Tengasco, Inc. (a)(b) 71,660 78,109 
Torchlight Energy Resources, Inc. (a)(b) 215,751 252,429 
TransAtlantic Petroleum Ltd. (b) 78,088 135,092 
U.S. Energy Corp. (b) 16,279 15,188 
Ultra Petroleum Corp. (a)(b) 838,228 1,098,079 
Uranium Energy Corp. (a)(b) 628,474 1,074,691 
VAALCO Energy, Inc. (b) 270,263 654,036 
Vertex Energy, Inc. (a)(b) 53,517 68,502 
W&T Offshore, Inc. (a)(b) 415,454 2,812,624 
Westwater Resources, Inc. (a)(b) 149,006 32,826 
Whiting Petroleum Corp. (b) 403,892 20,562,142 
WildHorse Resource Development Corp. (a)(b) 103,071 2,240,764 
World Fuel Services Corp. 306,077 8,579,338 
WPX Energy, Inc. (b) 1,766,471 33,686,602 
Yuma Energy, Inc. (a)(b) 5,206 1,426 
Zion Oil & Gas, Inc. (a)(b) 251,977 466,157 
  764,173,967 
TOTAL ENERGY  1,019,687,266 
FINANCIALS - 16.3%   
Banks - 6.9%   
1st Constitution Bancorp 41,322 873,960 
1st Source Corp. 81,005 4,535,470 
Access National Corp. 64,833 1,759,568 
ACNB Corp. 16,821 602,192 
Allegiance Bancshares, Inc. (b) 66,951 2,982,667 
American National Bankshares, Inc. 27,639 1,137,345 
American River Bankshares 8,078 122,139 
Ameris Bancorp 190,625 9,464,531 
AmeriServ Financial, Inc. 14,455 65,770 
Ames National Corp. 26,775 809,944 
Anchor Bancorp (b) 7,890 226,049 
Arrow Financial Corp. 58,535 2,303,352 
Associated Banc-Corp. 750,374 20,447,692 
Atlantic Capital Bancshares, Inc. (b) 115,417 2,106,360 
Auburn National Bancorp., Inc. (a) 3,468 160,915 
Banc of California, Inc. 183,876 3,705,101 
BancFirst Corp. 82,079 5,236,640 
Bancorp, Inc., Delaware (b) 249,200 2,499,476 
BancorpSouth Bank 379,712 13,213,978 
Bank of Commerce Holdings 96,497 1,244,811 
Bank of Hawaii Corp. 186,091 15,469,745 
Bank of Marin Bancorp 25,314 2,231,429 
Bank of South Carolina Corp. 11,084 224,451 
Bank of the Ozarks, Inc. 538,836 21,801,305 
BankUnited, Inc. 467,041 18,116,520 
Bankwell Financial Group, Inc. 40,214 1,266,741 
Banner Corp. 145,508 9,360,530 
Bar Harbor Bankshares 71,268 2,098,843 
BayCom Corp. 26,266 688,169 
BCB Bancorp, Inc. 54,338 806,919 
Berkshire Hills Bancorp, Inc. 168,406 7,115,154 
Blue Hills Bancorp, Inc. 127,338 2,928,774 
BOK Financial Corp. (a) 111,501 11,434,428 
Boston Private Financial Holdings, Inc. 388,534 5,614,316 
Bridge Bancorp, Inc. 81,088 2,838,080 
Bridgewater Bancshares, Inc. (b) 45,165 580,822 
Brookline Bancorp, Inc., Delaware 361,471 6,560,699 
Bryn Mawr Bank Corp. 89,371 4,361,305 
Byline Bancorp, Inc. (b) 76,972 1,757,271 
C & F Financial Corp. 11,195 697,449 
Cadence Bancorp Class A 276,062 7,798,752 
Cambridge Bancorp 17,006 1,522,547 
Camden National Corp. 71,787 3,283,537 
Capital City Bank Group, Inc. 61,468 1,507,195 
Capstar Financial Holdings, Inc. 25,642 447,966 
Carolina Financial Corp. 91,528 3,766,377 
Cathay General Bancorp 339,787 14,372,990 
CB Financial Services, Inc. (a) 33,968 1,090,373 
CBTX, Inc. 16,626 608,013 
Centerstate Banks of Florida, Inc. 278,067 8,514,412 
Central Pacific Financial Corp. 134,564 3,812,198 
Central Valley Community Bancorp 60,316 1,303,429 
Century Bancorp, Inc. Class A (non-vtg.) 8,217 585,461 
Chemical Financial Corp. 319,915 18,273,545 
Chemung Financial Corp. 14,522 609,924 
CIT Group, Inc. 525,384 28,496,828 
Citizens & Northern Corp. 48,431 1,356,552 
Citizens First Corp. 14,486 378,809 
Citizens Holding Co. 12,415 287,407 
City Holding Co. 74,480 6,038,838 
Civista Bancshares, Inc. (a) 42,413 1,012,822 
CNB Financial Corp., Pennsylvania 60,038 1,850,972 
CoBiz, Inc. 216,423 4,988,550 
Codorus Valley Bancorp, Inc. 34,290 1,072,934 
Colony Bankcorp, Inc. 4,434 78,038 
Columbia Banking Systems, Inc. 336,238 14,206,056 
Commerce Bancshares, Inc. 422,734 30,039,478 
Community Bank System, Inc. (a) 225,113 14,886,723 
Community Bankers Trust Corp. (b) 168,702 1,526,753 
Community Financial Corp. 16,416 546,653 
Community Trust Bancorp, Inc. 82,616 4,081,230 
ConnectOne Bancorp, Inc. 132,927 3,276,651 
County Bancorp, Inc. 24,663 616,082 
Cullen/Frost Bankers, Inc. 255,893 28,375,975 
Customers Bancorp, Inc. (b) 131,371 3,244,864 
CVB Financial Corp. 471,007 11,327,718 
DNB Financial Corp. 4,859 166,421 
Eagle Bancorp, Inc. (b) 144,638 7,788,756 
East West Bancorp, Inc. 642,243 40,711,784 
Enterprise Bancorp, Inc. 36,527 1,313,876 
Enterprise Financial Services Corp. 103,876 5,848,219 
Equity Bancshares, Inc. (b) 64,821 2,631,084 
Esquire Financial Holdings, Inc. (a)(b) 7,939 206,414 
Evans Bancorp, Inc. 16,919 804,498 
Farmers & Merchants Bancorp, Inc. (a) 29,003 1,319,346 
Farmers National Banc Corp. 107,921 1,710,548 
FCB Financial Holdings, Inc. Class A (b) 213,886 11,079,295 
Fidelity Southern Corp. 96,099 2,335,206 
Financial Institutions, Inc. 66,751 2,156,057 
First Bancorp, North Carolina 134,516 5,612,008 
First Bancorp, Puerto Rico (b) 821,139 7,184,966 
First Bancshares, Inc. 48,628 1,996,179 
First Bank Hamilton New Jersey 68,067 973,358 
First Busey Corp. 198,698 6,368,271 
First Business Finance Services, Inc. 36,856 816,729 
First Choice Bancorp (a) 26,121 709,185 
First Citizen Bancshares, Inc. 39,289 18,662,668 
First Commonwealth Financial Corp. 444,756 7,449,663 
First Community Bancshares, Inc. 64,497 2,165,164 
First Community Corp. (a) 49,271 1,239,166 
First Connecticut Bancorp, Inc. 62,668 1,986,576 
First Financial Bancorp, Ohio 444,152 13,946,373 
First Financial Bankshares, Inc. (a) 303,995 18,361,298 
First Financial Corp., Indiana 55,531 2,857,070 
First Financial Northwest, Inc. 38,007 663,602 
First Foundation, Inc. (b) 137,798 2,229,572 
First Hawaiian, Inc. 403,144 11,687,145 
First Horizon National Corp. 1,454,904 26,799,332 
First Internet Bancorp 42,622 1,340,462 
First Interstate Bancsystem, Inc. 104,698 4,863,222 
First Merchants Corp. 197,615 9,509,234 
First Mid-Illinois Bancshares, Inc. 51,627 2,121,353 
First Midwest Bancorp, Inc., Delaware 462,514 12,571,131 
First Northwest Bancorp (b) 28,933 484,338 
First of Long Island Corp. 106,229 2,315,792 
First Republic Bank 721,744 73,321,973 
First United Corp. 27,604 556,221 
Flushing Financial Corp. 126,268 3,272,867 
FNB Corp., Pennsylvania 1,466,878 19,729,509 
Franklin Financial Network, Inc. (a)(b) 54,781 2,117,286 
Fulton Financial Corp. 779,979 14,195,618 
German American Bancorp, Inc. 95,319 3,583,041 
Glacier Bancorp, Inc. 352,249 16,090,734 
Glen Burnie Bancorp 18,315 221,612 
Great Southern Bancorp, Inc. 57,496 3,409,513 
Great Western Bancorp, Inc. (a) 260,236 11,330,675 
Green Bancorp, Inc. 126,947 3,046,728 
Guaranty Bancorp 110,960 3,467,500 
Guaranty Bancshares, Inc. Texas 6,765 212,759 
Hancock Whitney Corp. 388,458 20,025,010 
Hanmi Financial Corp. 147,184 3,841,502 
HarborOne Bancorp, Inc. (b) 136,954 2,699,363 
Hawthorn Bancshares, Inc. 49,185 1,089,448 
Heartland Financial U.S.A., Inc. 130,065 7,907,952 
Heritage Commerce Corp. 172,265 2,728,678 
Heritage Financial Corp., Washington (a) 131,818 4,784,993 
Hilltop Holdings, Inc. 338,017 7,013,853 
Home Bancshares, Inc. 705,416 16,513,789 
HomeTrust Bancshares, Inc. (b) 80,547 2,319,754 
Hope Bancorp, Inc. 564,668 9,887,337 
Horizon Bancorp, Inc. Indiana 200,748 4,101,282 
Howard Bancorp, Inc. (a)(b) 36,401 635,197 
IBERIABANK Corp. 253,284 21,947,059 
Independent Bank Corp. 95,135 2,373,618 
Independent Bank Corp., Massachusetts 127,226 11,590,289 
Independent Bank Group, Inc. 87,192 6,038,046 
International Bancshares Corp. 247,235 11,582,960 
Investar Holding Corp. 28,595 784,933 
Investors Bancorp, Inc. 1,113,616 14,254,285 
Lakeland Bancorp, Inc. (a) 197,458 3,810,939 
Lakeland Financial Corp. 116,671 5,748,380 
Landmark Bancorp, Inc. 38 1,110 
LCNB Corp. 59,345 1,103,817 
LegacyTexas Financial Group, Inc. (a) 202,262 9,358,663 
Limestone Bancorp, Inc. (b) 9,708 145,620 
Live Oak Bancshares, Inc. (a) 115,461 3,492,695 
Luther Burbank Corp. 63,696 726,134 
Macatawa Bank Corp. 89,652 1,117,960 
Mackinac Financial Corp. 17,916 292,927 
MB Financial, Inc. 377,720 18,304,311 
MBT Financial Corp. 67,956 744,118 
Mercantile Bank Corp. 82,951 2,937,295 
Merchants Bancorp/IN 42,920 1,120,641 
Metropolitan Bank Holding Corp. (b) 17,103 705,328 
Mid Penn Bancorp, Inc. (a) 27,731 844,409 
Middlefield Banc Corp. 13,083 648,917 
Midland States Bancorp, Inc. 78,477 2,701,963 
Midsouth Bancorp, Inc. 58,151 892,618 
MidWestOne Financial Group, Inc. 41,377 1,387,785 
MutualFirst Financial, Inc. 16,173 614,574 
National Bank Holdings Corp. 123,170 4,945,276 
National Bankshares, Inc. (a) 27,074 1,245,404 
National Commerce Corp. (b) 69,014 3,036,616 
NBT Bancorp, Inc. 208,964 8,458,863 
Nicolet Bankshares, Inc. (b) 29,160 1,614,298 
Northeast Bancorp 46,227 1,007,749 
Northrim Bancorp, Inc. 32,146 1,432,104 
Norwood Financial Corp. (a) 25,663 1,007,016 
OFG Bancorp (a) 203,042 3,289,280 
Ohio Valley Banc Corp. 14,225 599,584 
Old Line Bancshares, Inc. 52,434 1,793,243 
Old National Bancorp, Indiana 594,313 12,064,554 
Old Point Financial Corp. 8,443 224,584 
Old Second Bancorp, Inc. 130,873 2,021,988 
OP Bancorp (a)(b) 7,707 93,255 
Opus Bank 81,168 2,301,113 
Origin Bancorp, Inc. 20,678 837,873 
Orrstown Financial Services, Inc. 28,330 737,997 
Pacific Mercantile Bancorp (b) 74,732 754,793 
Pacific Premier Bancorp, Inc. (b) 169,013 6,684,464 
PacWest Bancorp 549,323 27,735,318 
Park National Corp. 59,712 6,577,277 
Parke Bancorp, Inc. 32,075 739,329 
Patriot National Bancorp, Inc. 1,376 26,970 
PCSB Financial Corp. 72,208 1,481,708 
Peapack-Gladstone Financial Corp. 73,677 2,461,549 
Penns Woods Bancorp, Inc. 18,583 841,438 
People's Utah Bancorp 70,336 2,542,646 
Peoples Bancorp of North Carolina 30,748 938,429 
Peoples Bancorp, Inc. 89,194 3,198,497 
Peoples Financial Services Corp. 27,751 1,275,991 
Pinnacle Financial Partners, Inc. 333,513 21,528,264 
Popular, Inc. 455,109 22,910,187 
Preferred Bank, Los Angeles (a) 60,046 3,675,416 
Premier Financial Bancorp, Inc. 39,763 775,379 
Prosperity Bancshares, Inc. 314,411 23,530,519 
QCR Holdings, Inc. 61,560 2,677,860 
Reliant Bancorp, Inc. (a) 23,125 637,094 
Renasant Corp. 191,243 8,929,136 
Republic Bancorp, Inc., Kentucky Class A 37,884 1,841,541 
Republic First Bancorp, Inc. (a)(b) 234,182 1,826,620 
S&T Bancorp, Inc. 159,587 7,446,329 
Sandy Spring Bancorp, Inc. 154,506 6,025,734 
SB Financial Group, Inc. 8,937 179,634 
Sb One Bancorp 28,331 787,602 
Seacoast Banking Corp., Florida (b) 205,048 6,483,618 
Select Bancorp, Inc. New (b) 96 1,230 
ServisFirst Bancshares, Inc. 205,055 8,837,871 
Shore Bancshares, Inc. 41,535 780,443 
Sierra Bancorp 44,717 1,326,753 
Signature Bank 238,397 27,592,069 
Simmons First National Corp. Class A 354,645 11,206,782 
SmartFinancial, Inc. (b) 30,919 759,989 
South State Corp. 166,489 13,727,018 
Southern First Bancshares, Inc. (b) 40,709 1,693,494 
Southern National Bancorp of Virginia, Inc. 83,109 1,458,563 
Southside Bancshares, Inc. 132,461 4,715,612 
Spirit of Texas Bancshares, Inc. (b) 1,830 39,473 
State Bank Financial Corp. 176,884 5,762,881 
Sterling Bancorp 1,007,293 23,016,645 
Stock Yards Bancorp, Inc. 112,644 4,359,323 
Summit Financial Group, Inc. 28,203 710,716 
Synovus Financial Corp. 526,811 26,372,159 
TCF Financial Corp. 738,532 18,721,786 
Texas Capital Bancshares, Inc. (b) 219,345 19,499,771 
The Bank of Princeton (a) 25,818 849,412 
The First Bancorp, Inc. 39,635 1,160,513 
Tompkins Financial Corp. 55,799 4,903,058 
TowneBank 295,598 9,636,495 
Trico Bancshares 122,757 4,772,792 
TriState Capital Holdings, Inc. (b) 111,590 3,319,803 
Triumph Bancorp, Inc. (b) 104,153 4,421,295 
Trustmark Corp. 304,379 10,799,367 
Two River Bancorp 42,472 724,572 
UMB Financial Corp. 202,353 15,225,040 
Umpqua Holdings Corp. 991,855 21,225,697 
Union Bankshares Corp. 248,597 10,341,635 
Union Bankshares, Inc. (a) 25,753 1,352,033 
United Bancorp, Inc. 40,892 541,819 
United Bankshares, Inc., West Virginia (a) 469,143 18,484,234 
United Community Bank, Inc. 326,619 9,909,620 
United Security Bancshares, Inc. 8,386 93,504 
United Security Bancshares, California 20,942 232,456 
Unity Bancorp, Inc. 56,085 1,368,474 
Univest Corp. of Pennsylvania 135,714 3,867,849 
Valley National Bancorp (a) 1,177,250 14,185,863 
Veritex Holdings, Inc. (b) 76,461 2,341,236 
Village Bank & Trust Financial Corp. (a)(b) 8,718 294,233 
Washington Trust Bancorp, Inc. 68,221 4,093,260 
Webster Financial Corp. (a) 409,675 26,784,552 
WesBanco, Inc. 250,914 12,382,606 
West Bancorp., Inc. 61,749 1,491,238 
Westamerica Bancorp. (a) 119,221 7,633,721 
Western Alliance Bancorp. (b) 431,591 24,881,221 
Wintrust Financial Corp. 243,506 21,562,456 
  1,641,685,282 
Capital Markets - 2.1%   
Arlington Asset Investment Corp. (a) 118,586 1,206,020 
Artisan Partners Asset Management, Inc. 224,170 7,431,236 
Ashford, Inc. (a) 4,403 402,390 
Associated Capital Group, Inc. (a) 20,279 758,435 
B. Riley Financial, Inc. 76,339 1,748,163 
BGC Partners, Inc. Class A 1,183,700 14,701,554 
Blucora, Inc. (b) 208,857 7,560,623 
Cohen & Co., Inc. (a) 1,650 16,022 
Cohen & Steers, Inc. (a) 96,440 4,009,011 
Cowen Group, Inc. Class A (a)(b) 132,552 2,014,790 
Diamond Hill Investment Group, Inc. 14,496 2,704,809 
Eaton Vance Corp. (non-vtg.) 521,796 27,514,303 
Evercore, Inc. Class A 178,939 18,994,375 
FactSet Research Systems, Inc. 171,927 39,438,335 
Federated Investors, Inc. Class B (non-vtg.) (a) 423,700 9,812,892 
Gain Capital Holdings, Inc. 113,781 838,566 
GAMCO Investors, Inc. Class A 17,575 454,314 
Great Elm Capital Group, Inc. (b) 109,690 340,039 
Greenhill & Co., Inc. 109,667 3,015,843 
Hamilton Lane, Inc. Class A 78,549 3,831,620 
Hennessy Advisors, Inc. (a) 9,179 133,096 
Houlihan Lokey 147,627 6,942,898 
iFresh, Inc. (a)(b) 19,708 67,401 
Interactive Brokers Group, Inc. 335,337 20,844,548 
INTL FCStone, Inc. (b) 69,826 3,893,498 
Investment Technology Group, Inc. 149,268 3,265,984 
Janus Henderson Group PLC (a) 810,033 22,883,432 
Ladenburg Thalmann Financial Services, Inc. 394,947 1,362,567 
Lazard Ltd. Class A 579,675 27,905,555 
Legg Mason, Inc. 373,124 11,641,469 
LPL Financial (a) 395,983 26,229,914 
Manning & Napier, Inc. Class A 53,255 154,440 
MarketAxess Holdings, Inc. 167,397 31,775,299 
Medley Management, Inc. (a) 32,101 168,530 
Moelis & Co. Class A 193,809 11,250,612 
Morningstar, Inc. 83,254 11,848,709 
National Holdings Corp. (b) 3,418 11,109 
National Holdings Corp. warrants 1/18/22 (b) 3,483 1,777 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 42,860 1,337,232 
Piper Jaffray Companies 62,939 4,846,303 
PJT Partners, Inc. 82,338 4,769,017 
Pzena Investment Management, Inc. 56,939 517,006 
Safeguard Scientifics, Inc. (b) 89,756 924,487 
SEI Investments Co. 580,821 36,638,189 
Siebert Financial Corp. (a)(b) 13,009 205,542 
Silvercrest Asset Management Group Class A 17,563 278,374 
Stifel Financial Corp. 324,377 18,122,943 
TD Ameritrade Holding Corp. 1,213,022 71,046,699 
TheStreet.com, Inc. (b) 83,675 174,881 
U.S. Global Investments, Inc. Class A (a) 35,952 58,242 
Value Line, Inc. 12,911 315,158 
Virtu Financial, Inc. Class A 282,024 6,148,123 
Virtus Investment Partners, Inc. 31,299 4,037,571 
Waddell & Reed Financial, Inc. Class A (a) 361,200 7,231,224 
Westwood Holdings Group, Inc. 46,301 2,663,697 
WisdomTree Investments, Inc. 506,112 4,160,241 
  490,649,107 
Consumer Finance - 0.9%   
Ally Financial, Inc. 1,901,935 51,124,013 
Asta Funding, Inc. (b) 34,340 127,058 
Atlanticus Holdings Corp. (b) 32,978 92,998 
Consumer Portfolio Services, Inc. (b) 85,827 331,292 
Credit Acceptance Corp. (a)(b) 57,193 26,120,615 
CURO Group Holdings Corp. (a)(b) 42,226 1,303,094 
Elevate Credit, Inc. (b) 76,316 714,318 
Encore Capital Group, Inc. (a)(b) 113,833 4,411,029 
Enova International, Inc. (b) 150,887 5,009,448 
EZCORP, Inc. (non-vtg.) Class A (a)(b) 232,313 2,578,674 
First Cash Financial Services, Inc. 202,051 16,426,746 
Green Dot Corp. Class A (b) 210,618 18,043,644 
Imperial Holdings, Inc. warrants 4/11/19 (b) 3,852 0 
LendingClub Corp. (a)(b) 1,691,777 6,107,315 
Navient Corp. 1,180,310 16,099,428 
Nelnet, Inc. Class A 87,891 5,066,916 
Nicholas Financial, Inc. (b) 72,274 850,665 
OneMain Holdings, Inc. (b) 319,383 11,721,356 
PRA Group, Inc. (a)(b) 207,395 7,580,287 
Regional Management Corp. (b) 41,860 1,395,194 
Santander Consumer U.S.A. Holdings, Inc. 509,138 10,987,198 
SLM Corp. (b) 1,947,276 22,822,075 
World Acceptance Corp. (a)(b) 27,296 3,237,579 
  212,150,942 
Diversified Financial Services - 0.4%   
A-Mark Precious Metals, Inc. 15,255 203,349 
Acushnet Holdings Corp. 183,086 4,952,476 
Alteryx, Inc. (a)(b) 109,341 6,347,245 
AXA Equitable Holdings, Inc. (a) 588,869 13,514,544 
Cannae Holdings, Inc. (b) 299,169 5,815,845 
Columbia Financial, Inc. (a) 229,910 3,892,376 
ConvergeOne Holdings, Inc. 125,764 1,149,483 
Donnelley Financial Solutions, Inc. (b) 154,248 3,222,241 
FB Financial Corp. 77,781 3,420,808 
FGL Holdings Class A (a)(b) 678,487 5,909,622 
Granite Point Mortgage Trust, Inc. 201,912 3,864,596 
Marlin Business Services Corp. 35,707 1,021,220 
On Deck Capital, Inc. (b) 189,402 1,556,884 
Rafael Holdings, Inc. (b) 43,941 413,924 
RBB Bancorp 37,471 1,073,544 
Senseonics Holdings, Inc. (a)(b) 390,673 1,593,946 
Victory Capital Holdings, Inc. (b) 65,168 643,860 
Voya Financial, Inc. 743,643 37,234,205 
  95,830,168 
Insurance - 3.6%   
1347 Property Insurance Holdings, Inc. (b) 6,863 47,355 
Alleghany Corp. 67,982 42,949,668 
AMBAC Financial Group, Inc. (b) 196,852 4,159,483 
American Equity Investment Life Holding Co. 401,573 14,894,343 
American Financial Group, Inc. 304,286 33,885,289 
American National Insurance Co. 40,865 5,244,614 
Amerisafe, Inc. 86,713 5,532,289 
AmTrust Financial Services, Inc. (a) 416,972 6,062,773 
Arch Capital Group Ltd. (b) 1,816,867 55,541,624 
Argo Group International Holdings, Ltd. 152,408 9,708,390 
Aspen Insurance Holdings Ltd. 264,828 10,897,672 
Assured Guaranty Ltd. 502,010 20,451,887 
Athene Holding Ltd. (b) 563,806 27,998,606 
Atlas Financial Holdings, Inc. (b) 41,883 429,301 
Axis Capital Holdings Ltd. 370,482 21,310,125 
Blue Capital Reinsurance Holdings Ltd. 23,495 237,300 
Brown & Brown, Inc. 1,020,481 31,104,261 
Citizens, Inc. Class A (a)(b) 181,405 1,523,802 
CNA Financial Corp. 128,322 5,761,658 
CNO Financial Group, Inc. 743,708 16,071,530 
Conifer Holdings, Inc. (b) 13,147 80,854 
Crawford & Co. Class B 85,249 743,371 
Donegal Group, Inc. Class A 117,281 1,694,710 
eHealth, Inc. (b) 76,766 2,240,800 
EMC Insurance Group 31,595 811,360 
Employers Holdings, Inc. 147,126 6,745,727 
Enstar Group Ltd. (b) 51,989 11,099,652 
Erie Indemnity Co. Class A 85,465 10,557,491 
FBL Financial Group, Inc. Class A 44,226 3,597,785 
Fednat Holding Co. 49,542 1,302,955 
First American Financial Corp. 496,471 28,229,341 
FNF Group 1,224,770 49,113,277 
Genworth Financial, Inc. Class A (b) 2,226,324 10,352,407 
Global Indemnity Ltd. 36,933 1,456,268 
Greenlight Capital Re, Ltd. (a)(b) 126,769 1,628,982 
Hallmark Financial Services, Inc. (b) 48,662 546,474 
Hanover Insurance Group, Inc. 188,741 23,118,885 
HCI Group, Inc. 35,392 1,433,376 
Health Insurance Innovations, Inc. (a)(b) 55,710 2,947,059 
Heritage Insurance Holdings, Inc. 104,451 1,530,207 
Horace Mann Educators Corp. 186,342 8,627,635 
Independence Holding Co. (a) 86,216 3,039,114 
Investors Title Co. 5,700 1,105,800 
James River Group Holdings Ltd. 133,863 5,481,690 
Kemper Corp. 276,237 22,471,880 
Kingstone Companies, Inc. 38,480 713,804 
Kinsale Capital Group, Inc. 89,995 5,468,996 
Maiden Holdings Ltd. 310,745 1,180,831 
Markel Corp. (b) 61,956 74,892,413 
MBIA, Inc. (a)(b) 409,386 4,204,394 
Mercury General Corp. 166,147 8,955,323 
National General Holdings Corp. 275,563 7,525,626 
National Western Life Group, Inc. 10,543 3,436,491 
Navigators Group, Inc. 102,238 7,156,660 
NI Holdings, Inc. (b) 44,844 756,967 
Old Republic International Corp. 1,111,127 24,644,797 
Primerica, Inc. 195,571 23,908,555 
ProAssurance Corp. 241,937 11,697,654 
Protective Insurance Corp. Class B 41,959 986,037 
Reinsurance Group of America, Inc. 284,201 40,598,113 
RenaissanceRe Holdings Ltd. 178,743 23,765,669 
RLI Corp. 173,289 13,338,054 
Safety Insurance Group, Inc. 68,539 6,627,721 
Selective Insurance Group, Inc. 263,903 16,942,573 
State Auto Financial Corp. 70,543 2,214,345 
Stewart Information Services Corp. 105,775 4,736,605 
Third Point Reinsurance Ltd. (b) 377,614 5,060,028 
Tiptree, Inc. 126,062 819,403 
Trupanion, Inc. (a)(b) 95,617 3,651,613 
United Fire Group, Inc. 96,136 4,761,616 
United Insurance Holdings Corp. 88,954 1,852,912 
Universal Insurance Holdings, Inc. 146,714 6,543,444 
W.R. Berkley Corp. 422,643 33,076,041 
White Mountains Insurance Group Ltd. 13,115 12,170,064 
  865,455,819 
Mortgage Real Estate Investment Trusts - 1.3%   
AG Mortgage Investment Trust, Inc. 126,006 2,368,913 
AGNC Investment Corp. 2,106,830 40,071,907 
American Capital Mortgage Investment Corp. 216,830 4,249,868 
Annaly Capital Management, Inc. 5,117,305 54,345,779 
Anworth Mortgage Asset Corp. 512,999 2,503,435 
Apollo Commercial Real Estate Finance, Inc. 489,115 9,503,504 
Arbor Realty Trust, Inc. (a) 279,601 3,427,908 
Ares Commercial Real Estate Corp. 137,967 2,017,078 
Armour Residential REIT, Inc. 197,044 4,634,475 
Blackstone Mortgage Trust, Inc. (a) 510,491 17,387,323 
Capstead Mortgage Corp. 445,345 3,740,898 
Cherry Hill Mortgage Investment Corp. 99,628 1,853,081 
Chimera Investment Corp. 831,896 15,498,222 
Dynex Capital, Inc. 297,409 1,906,392 
Ellington Residential Mortgage REIT 39,894 471,547 
Exantas Capital Corp. 143,640 1,702,134 
Great Ajax Corp. 65,572 894,402 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (a) 241,543 5,207,667 
Hunt Companies Finance Trust I (a) 76,218 273,623 
Invesco Mortgage Capital, Inc. 513,234 8,329,788 
KKR Real Estate Finance Trust, Inc. (a) 140,227 2,972,812 
Ladder Capital Corp. Class A 446,979 7,764,025 
MFA Financial, Inc. 2,003,665 15,348,074 
New Residential Investment Corp. 1,477,565 27,438,382 
New York Mortgage Trust, Inc. (a) 611,164 3,911,450 
Orchid Island Capital, Inc. (a) 253,296 2,011,170 
Owens Realty Mortgage, Inc. (a) 36,988 610,302 
PennyMac Mortgage Investment Trust 273,176 5,458,056 
Redwood Trust, Inc. 357,375 6,068,228 
Starwood Property Trust, Inc. 1,150,852 25,353,270 
Two Harbors Investment Corp. 1,104,179 17,247,276 
Western Asset Mortgage Capital Corp. 187,651 2,088,556 
ZAIS Financial Corp. 76,880 1,318,492 
  297,978,037 
Real Estate Management & Development - 0.0%   
The RMR Group, Inc. 33,296 3,144,807 
Thrifts & Mortgage Finance - 1.1%   
BankFinancial Corp. 74,436 1,187,254 
Beneficial Bancorp, Inc. 350,460 6,168,096 
BofI Holding, Inc. (a)(b) 242,587 9,033,940 
BSB Bancorp, Inc. (a)(b) 29,275 974,858 
Capitol Federal Financial, Inc. 645,033 8,520,886 
Charter Financial Corp. 64,185 1,598,848 
Citizens Community Bancorp, Inc. 15,344 216,350 
Coastway Bancorp, Inc. (b) 8,700 241,425 
Dime Community Bancshares, Inc. 149,800 2,718,870 
Elmira Savings Bank 190 3,829 
Entegra Financial Corp. (b) 76,530 2,104,575 
ESSA Bancorp, Inc. 31,879 512,614 
Essent Group Ltd. (b) 369,106 16,004,436 
Farmer Mac Class C (non-vtg.) 44,824 3,454,586 
First Capital, Inc. 12,741 509,640 
First Defiance Financial Corp. 99,544 3,184,413 
Flagstar Bancorp, Inc. (b) 129,103 4,266,854 
FS Bancorp, Inc. (a) 14,770 861,534 
Greene County Bancorp, Inc. (a) 1,994 69,690 
Hamilton Bancorp, Inc. (b) 68 972 
Hingham Institution for Savings 8,302 1,801,617 
HMN Financial, Inc. (b) 3,799 78,639 
Home Bancorp, Inc. 30,230 1,383,023 
Home Federal Bancorp, Inc. 30 1,043 
HomeStreet, Inc. (b) 119,715 3,525,607 
HopFed Bancorp, Inc. 17,764 301,988 
Impac Mortgage Holdings, Inc. (a)(b) 64,633 483,455 
Kearny Financial Corp. 490,203 6,715,781 
Lendingtree, Inc. (a)(b) 34,798 8,816,073 
Malvern Bancorp, Inc. (a)(b) 62,881 1,546,873 
Meridian Bancorp, Inc. Maryland 244,400 4,374,760 
Meta Financial Group, Inc. 39,712 3,439,059 
MGIC Investment Corp. (b) 1,661,841 21,138,618 
New York Community Bancorp, Inc. (a) 2,167,553 23,344,546 
NMI Holdings, Inc. (b) 265,572 5,736,355 
Northfield Bancorp, Inc. 216,694 3,527,778 
Northwest Bancshares, Inc. (a) 464,486 8,462,935 
OceanFirst Financial Corp. (a) 180,565 5,272,498 
Ocwen Financial Corp. (b) 477,081 1,994,199 
Oritani Financial Corp. 186,116 3,015,079 
PB Bancorp, Inc. 6,939 81,880 
PennyMac Financial Services, Inc. 101,167 2,139,682 
PHH Corp. (b) 162,986 1,768,398 
Poage Bankshares, Inc. 8,102 213,488 
Provident Bancorp, Inc. (b) 82,600 2,337,580 
Provident Financial Holdings, Inc. 21,391 393,594 
Provident Financial Services, Inc. 275,627 6,954,069 
Prudential Bancorp, Inc. 80,795 1,485,012 
Radian Group, Inc. 959,394 19,504,480 
Riverview Bancorp, Inc. 143,960 1,418,006 
Security National Financial Corp. Class A 39,889 209,417 
SI Financial Group, Inc. 22,747 315,046 
Southern Missouri Bancorp, Inc. 20,102 804,080 
Sterling Bancorp, Inc. 111,108 1,361,073 
Territorial Bancorp, Inc. 30,075 898,641 
TFS Financial Corp. 274,017 4,230,822 
Timberland Bancorp, Inc. 26,555 942,968 
Trustco Bank Corp., New York 431,279 3,989,331 
United Community Bancorp, Inc. 20,670 552,923 
United Community Financial Corp. 246,363 2,549,857 
United Financial Bancorp, Inc. New 234,466 4,166,461 
Walker & Dunlop, Inc. 129,457 7,055,407 
Washington Federal, Inc. (a) 375,596 12,807,824 
Waterstone Financial, Inc. 131,102 2,215,624 
Westfield Financial, Inc. 124,040 1,321,026 
WMI Holdings Corp. (a)(b) 1,391,949 2,101,843 
WSFS Financial Corp. 144,979 7,074,975 
  255,487,103 
TOTAL FINANCIALS  3,862,381,265 
HEALTH CARE - 12.7%   
Biotechnology - 5.0%   
Abeona Therapeutics, Inc. (a)(b) 138,708 2,136,103 
ACADIA Pharmaceuticals, Inc. (a)(b) 449,938 6,398,118 
Acceleron Pharma, Inc. (a)(b) 170,677 9,219,972 
Achaogen, Inc. (a)(b) 152,648 807,508 
Achillion Pharmaceuticals, Inc. (b) 646,500 2,230,425 
Acorda Therapeutics, Inc. (b) 209,696 6,039,245 
Actinium Pharmaceuticals, Inc. (a)(b) 386,446 247,325 
Adamas Pharmaceuticals, Inc. (a)(b) 96,033 2,211,640 
ADMA Biologics, Inc. (a)(b) 105,827 676,235 
Aduro Biotech, Inc. (a)(b) 168,694 1,248,336 
Advaxis, Inc. (b) 192,048 278,470 
Adverum Biotechnologies, Inc. (b) 186,902 1,420,455 
Aeglea BioTherapeutics, Inc. (b) 60,822 664,784 
Aevi Genomic Medicine, Inc. (b) 123,543 154,429 
Agenus, Inc. (a)(b) 337,105 745,002 
Agios Pharmaceuticals, Inc. (a)(b) 220,940 17,834,277 
Aimmune Therapeutics, Inc. (a)(b) 176,727 4,932,451 
Akebia Therapeutics, Inc. (b) 242,511 1,991,015 
Albireo Pharma, Inc. (a)(b) 32,576 1,126,478 
Alder Biopharmaceuticals, Inc. (a)(b) 263,439 4,768,246 
Aldeyra Therapeutics, Inc. (b) 73,438 620,551 
Alkermes PLC (a)(b) 690,938 30,981,660 
Allena Pharmaceuticals, Inc. (b) 20,941 228,257 
Alnylam Pharmaceuticals, Inc. (b) 373,747 45,847,544 
Alpine Immune Sciences, Inc. (b) 17,610 118,339 
Altimmune, Inc. (a)(b) 24,357 7,794 
AMAG Pharmaceuticals, Inc. (a)(b) 149,565 3,649,386 
Amicus Therapeutics, Inc. (a)(b) 840,227 11,326,260 
AmpliPhi Biosciences Corp. (a)(b) 71,558 70,599 
AnaptysBio, Inc. (a)(b) 65,853 5,837,210 
Anavex Life Sciences Corp. (a)(b) 184,561 492,778 
Apellis Pharmaceuticals, Inc. (a)(b) 158,023 3,059,325 
Applied Genetic Technologies Corp. (b) 46,793 208,229 
Aptevo Therapeutics, Inc. (b) 61,583 339,938 
AquaBounty Technologies, Inc. (b) 3,886 11,503 
Aquinox Pharmaceuticals, Inc. (b) 101,486 316,636 
ARCA Biopharma, Inc. (b) 47,776 29,430 
Arcus Biosciences, Inc. (a) 57,927 834,149 
Ardelyx, Inc. (b) 222,415 956,385 
Arena Pharmaceuticals, Inc. (b) 218,740 8,495,862 
ArQule, Inc. (b) 437,492 2,900,572 
Array BioPharma, Inc. (a)(b) 937,303 14,593,808 
Arrowhead Pharmaceuticals, Inc. (a)(b) 396,371 5,850,436 
Arsanis, Inc. (b) 19,229 44,034 
Asterias Biotherapeutics, Inc. (a)(b) 100,621 155,963 
Atara Biotherapeutics, Inc. (a)(b) 196,240 8,036,028 
Athersys, Inc. (a)(b) 600,575 1,237,185 
aTyr Pharma, Inc. (a)(b) 92,415 66,714 
Audentes Therapeutics, Inc. (b) 122,722 4,467,081 
AVEO Pharmaceuticals, Inc. (a)(b) 432,567 1,293,375 
Avid Bioservices, Inc. (a)(b) 225,155 1,648,135 
Bellicum Pharmaceuticals, Inc. (a)(b) 198,381 1,434,295 
Biocept, Inc. (b) 5,126 18,044 
BioCryst Pharmaceuticals, Inc. (a)(b) 482,017 3,451,242 
Biohaven Pharmaceutical Holding Co. Ltd. (a)(b) 122,164 4,625,129 
BioMarin Pharmaceutical, Inc. (b) 793,133 79,297,437 
Biospecifics Technologies Corp. (b) 19,687 1,056,011 
BioTime, Inc. (a)(b) 561,266 1,543,482 
bluebird bio, Inc. (a)(b) 238,471 40,134,669 
Blueprint Medicines Corp. (a)(b) 174,790 13,401,149 
BrainStorm Cell Therpeutic, Inc. (a)(b) 59,499 235,616 
Calithera Biosciences, Inc. (b) 113,033 616,030 
Calyxt, Inc. (a)(b) 37,842 640,665 
Cancer Genetics, Inc. (a)(b) 66,933 60,601 
Capricor Therapeutics, Inc. (a)(b) 73,472 88,901 
Cara Therapeutics, Inc. (a)(b) 152,691 3,079,777 
CareDx, Inc. (b) 141,215 3,432,937 
CASI Pharmaceuticals, Inc. (a)(b) 205,257 1,426,536 
Catabasis Pharmaceuticals, Inc. (b) 285,082 202,408 
Catalyst Biosciences, Inc. (a)(b) 55,172 603,030 
Catalyst Pharmaceutical Partners, Inc. (b) 396,208 1,335,221 
Cel-Sci Corp. (a)(b) 58,284 156,201 
Celcuity, Inc. (b) 11,425 282,426 
Celldex Therapeutics, Inc. (b) 554,944 278,582 
Cellectar Biosciences, Inc. (a)(b) 7,104 21,383 
Cellular Biomedicine Group, Inc. (a)(b) 45,744 972,060 
Celsion Corp. (a)(b) 28,275 80,584 
ChemoCentryx, Inc. (b) 94,481 1,245,260 
Chimerix, Inc. (b) 178,291 711,381 
Cidara Therapeutics, Inc. (a)(b) 38,035 161,649 
Cleveland Biolabs, Inc. (a)(b) 9,814 18,745 
Clovis Oncology, Inc. (a)(b) 234,766 8,392,885 
Co.-Diagnostics, Inc. (a)(b) 39,607 125,950 
CohBar, Inc. (a)(b) 98,160 514,358 
Coherus BioSciences, Inc. (a)(b) 233,520 4,705,428 
Conatus Pharmaceuticals, Inc. (a)(b) 120,590 676,510 
Concert Pharmaceuticals, Inc. (b) 67,764 1,068,638 
ContraFect Corp. (a)(b) 293,502 645,704 
Corbus Pharmaceuticals Holdings, Inc. (a)(b) 207,882 1,216,110 
Corvus Pharmaceuticals, Inc. (a)(b) 43,398 475,642 
CTI BioPharma Corp. (a)(b) 232,172 436,483 
Cue Biopharma, Inc. (a)(b) 42,006 404,098 
Curis, Inc. (a)(b) 112,824 191,801 
Cyclacel Pharmaceuticals, Inc. (a)(b) 17,418 26,650 
Cytokinetics, Inc. (b) 220,477 1,741,768 
CytomX Therapeutics, Inc. (b) 196,032 4,408,760 
Cytori Therapeutics, Inc. (a)(b) 15,265 7,968 
CytRx Corp. (a)(b) 103,666 117,143 
Deciphera Pharmaceuticals, Inc. (a)(b) 63,419 2,345,869 
Denali Therapeutics, Inc. (a)(b) 74,724 1,466,832 
Dicerna Pharmaceuticals, Inc. (a)(b) 107,979 1,711,467 
Dyax Corp. rights 12/31/19 (b)(d) 559,523 2,238,092 
Dynavax Technologies Corp. (a)(b) 248,617 3,443,345 
Eagle Pharmaceuticals, Inc. (a)(b) 39,285 2,715,772 
Edge Therapeutics, Inc. (a)(b) 89,666 79,803 
Editas Medicine, Inc. (a)(b) 174,862 5,740,719 
Eiger Biopharmaceuticals, Inc. (b) 52,179 673,109 
Emergent BioSolutions, Inc. (b) 166,223 10,305,826 
Enanta Pharmaceuticals, Inc. (b) 64,885 5,899,993 
Epizyme, Inc. (a)(b) 226,118 2,668,192 
Esperion Therapeutics, Inc. (a)(b) 90,914 4,499,334 
Evelo Biosciences, Inc. (a) 35,269 475,073 
Exact Sciences Corp. (a)(b) 546,870 40,955,094 
Exelixis, Inc. (b) 1,258,987 23,656,366 
Fate Therapeutics, Inc. (a)(b) 189,571 2,443,570 
Fibrocell Science, Inc. (a)(b) 8,213 16,262 
FibroGen, Inc. (b) 347,043 21,221,679 
Five Prime Therapeutics, Inc. (b) 153,119 2,143,666 
Flexion Therapeutics, Inc. (a)(b) 163,082 3,734,578 
Fortress Biotech, Inc. (a)(b) 157,432 310,141 
Galectin Therapeutics, Inc. (a)(b) 127,369 824,077 
Genocea Biosciences, Inc. (a)(b) 154,944 99,164 
Genomic Health, Inc. (b) 91,036 5,568,672 
GenVec, Inc. rights (b)(d) 14,247 0 
Geron Corp. (a)(b) 820,267 4,700,130 
Global Blood Therapeutics, Inc. (a)(b) 219,712 10,754,902 
GlycoMimetics, Inc. (a)(b) 156,095 2,297,718 
GTx, Inc. (a)(b) 47,337 1,132,301 
Halozyme Therapeutics, Inc. (a)(b) 607,669 11,187,186 
Heat Biologics, Inc. (a)(b) 93,985 193,609 
Hemispherx Biopharma, Inc. (b) 62,748 17,256 
Heron Therapeutics, Inc. (a)(b) 305,511 11,777,449 
Histogenics Corp. (b) 265 774 
Homology Medicines, Inc. (a)(b) 54,605 909,173 
iBio, Inc. (a)(b) 29,669 24,622 
Idera Pharmaceuticals, Inc. (a)(b) 101,043 1,056,910 
Immucell Corp. (b) 6,616 46,114 
Immune Design Corp. (b) 134,903 512,631 
ImmunoCellular Therapeutics Ltd. (a)(b) 6,221 1,462 
ImmunoGen, Inc. (a)(b) 646,693 6,589,802 
Immunomedics, Inc. (a)(b) 716,398 19,170,810 
Infinity Pharmaceuticals, Inc. (a)(b) 232,096 524,537 
Inovio Pharmaceuticals, Inc. (a)(b) 363,067 1,909,732 
Insmed, Inc. (a)(b) 348,393 6,943,472 
Insys Therapeutics, Inc. (a)(b) 115,834 1,083,048 
Intellia Therapeutics, Inc. (a)(b) 92,693 2,866,994 
Intercept Pharmaceuticals, Inc. (a)(b) 93,873 10,495,001 
Intrexon Corp. (a)(b) 304,593 4,684,640 
Invitae Corp. (b) 272,475 4,035,355 
Ionis Pharmaceuticals, Inc. (a)(b) 613,176 28,016,011 
Iovance Biotherapeutics, Inc. (a)(b) 379,967 6,725,416 
Ironwood Pharmaceuticals, Inc. Class A (a)(b) 630,148 12,124,048 
IsoRay, Inc. (a)(b) 208,785 106,794 
ITUS Corp. (a)(b) 61,216 233,233 
Jounce Therapeutics, Inc. (a)(b) 33,980 266,743 
Kadmon Holdings, Inc. (a)(b) 480,225 2,069,770 
Kalvista Pharmaceuticals, Inc. (b) 32,020 544,340 
Karyopharm Therapeutics, Inc. (b) 238,564 5,021,772 
Keryx Biopharmaceuticals, Inc. (a)(b) 458,907 1,564,873 
Kindred Biosciences, Inc. (b) 131,750 1,963,075 
Krystal Biotech, Inc. (a) 32,537 533,932 
Kura Oncology, Inc. (a)(b) 131,794 2,701,777 
La Jolla Pharmaceutical Co. (a)(b) 94,167 2,169,608 
Leap Therapeutics, Inc. (b) 26,958 198,680 
Lexicon Pharmaceuticals, Inc. (a)(b) 224,291 2,595,047 
Ligand Pharmaceuticals, Inc.:   
Class B (a)(b) 94,939 24,654,709 
General CVR (b) 26,087 261 
Glucagon CVR 26,087 1,696 
rights (b) 26,087 170 
TR Beta CVR (b) 26,087 1,826 
Loxo Oncology, Inc. (a)(b) 97,178 16,421,138 
Macrogenics, Inc. (a)(b) 172,681 3,776,533 
Madrigal Pharmaceuticals, Inc. (a)(b) 36,749 8,790,728 
MannKind Corp. (a)(b) 637,070 700,777 
Matinas BioPharma Holdings, Inc. (a)(b) 308,906 142,097 
MediciNova, Inc. (a)(b) 166,326 2,024,187 
MEI Pharma, Inc. (a)(b) 153,139 640,121 
Menlo Therapeutics, Inc. (b) 35,234 270,597 
Merrimack Pharmaceuticals, Inc. (a)(b) 57,524 340,542 
MiMedx Group, Inc. (a)(b) 445,924 2,363,397 
Minerva Neurosciences, Inc. (b) 136,049 1,414,910 
Miragen Therapeutics, Inc. (a)(b) 80,669 500,954 
Mirati Therapeutics, Inc. (a)(b) 143,058 8,089,930 
Molecular Templates, Inc. (b) 22,628 130,337 
Moleculin Biotech, Inc. (a)(b) 87,362 150,263 
Momenta Pharmaceuticals, Inc. (b) 353,619 9,370,904 
Myriad Genetics, Inc. (b) 312,663 15,567,491 
NanoViricides, Inc. (b) 140,703 59,109 
NantKwest, Inc. (a)(b) 114,076 386,718 
Natera, Inc. (b) 156,470 4,324,831 
Navidea Biopharmaceuticals, Inc. (a)(b) 561,053 98,689 
Neuralstem, Inc. (a)(b) 66,443 81,060 
Neurocrine Biosciences, Inc. (b) 400,230 49,208,279 
NewLink Genetics Corp. (b) 118,072 366,023 
Novavax, Inc. (a)(b) 1,702,293 2,655,577 
Ohr Pharmaceutical, Inc. (a)(b) 231,472 45,137 
OncoCyte Corp. (a)(b) 11,421 29,124 
OncoGenex Pharmaceuticals, Inc. (b) 799 2,405 
OncoMed Pharmaceuticals, Inc. (b) 78,284 180,053 
OncoSec Medical, Inc. (a)(b) 149,613 224,420 
OpGen, Inc. (b) 1,613 3,097 
Ophthotech Corp. (b) 121,119 310,065 
Opiant Pharmaceuticals, Inc. (a)(b) 3,155 69,189 
Opko Health, Inc. (a)(b) 1,616,468 9,569,491 
Oragenics, Inc. (b) 7,849 3,375 
Organovo Holdings, Inc. (a)(b) 464,074 598,655 
OvaScience, Inc. (b) 151,945 117,605 
Ovid Therapeutics, Inc. (b) 16,440 109,655 
Palatin Technologies, Inc. (a)(b) 709,453 716,548 
PDL BioPharma, Inc. (a)(b) 684,620 1,656,780 
Pfenex, Inc. (b) 111,342 587,886 
Polarityte, Inc. (a)(b) 71,416 2,041,069 
Portola Pharmaceuticals, Inc. (a)(b) 293,563 8,762,856 
Progenics Pharmaceuticals, Inc. (a)(b) 361,673 2,831,900 
Protagonist Therapeutics, Inc. (b) 53,121 511,555 
Proteon Therapeutics, Inc. (b) 23,825 55,989 
Proteostasis Therapeutics, Inc. (a)(b) 107,211 288,398 
Prothena Corp. PLC (a)(b) 192,123 2,924,112 
PTC Therapeutics, Inc. (a)(b) 172,704 7,208,665 
Puma Biotechnology, Inc. (a)(b) 134,984 5,932,547 
Ra Pharmaceuticals, Inc. (a)(b) 57,597 702,683 
Radius Health, Inc. (a)(b) 179,153 3,685,177 
Recro Pharma, Inc. (b) 58,289 371,884 
REGENXBIO, Inc. (a)(b) 129,968 9,156,246 
Regulus Therapeutics, Inc. (a)(b) 361,993 83,874 
Repligen Corp. (a)(b) 167,201 9,175,991 
Retrophin, Inc. (a)(b) 186,923 5,923,590 
Rexahn Pharmaceuticals, Inc. (a)(b) 101,860 175,199 
Rigel Pharmaceuticals, Inc. (a)(b) 708,488 2,415,944 
Riot Blockchain, Inc. (a) 57,276 360,839 
Rocket Pharmaceuticals, Inc. (a)(b) 49,868 1,189,352 
RXi Pharmaceuticals Corp. (a)(b) 9,023 13,986 
Sage Therapeutics, Inc. (a)(b) 207,325 34,055,205 
Sangamo Therapeutics, Inc. (a)(b) 457,613 8,351,437 
Sarepta Therapeutics, Inc. (a)(b) 274,157 37,844,632 
Savara, Inc. (a)(b) 124,425 1,463,238 
Seattle Genetics, Inc. (a)(b) 473,081 36,313,698 
Selecta Biosciences, Inc. (a)(b) 39,918 541,288 
Sellas Life Sciences Group, Inc. (b) 1,077 1,163 
Seres Therapeutics, Inc. (a)(b) 90,896 798,067 
Sesen Bio, Inc. (a)(b) 280,517 628,358 
Sienna Biopharmaceuticals, Inc. (a)(b) 20,545 342,280 
Soleno Therapeutics, Inc. (b) 28,496 59,842 
Solid Biosciences, Inc. (b) 36,076 1,539,363 
Soligenix, Inc. (b) 19,921 31,674 
Sophiris Bio, Inc. (a)(b) 132,978 426,859 
Sorrento Therapeutics, Inc. (a)(b) 409,610 2,273,336 
Spark Therapeutics, Inc. (a)(b) 139,714 8,607,780 
Spectrum Pharmaceuticals, Inc. (a)(b) 417,957 8,998,614 
Spring Bank Pharmaceuticals, Inc. (a)(b) 54,942 779,627 
Stemline Therapeutics, Inc. (b) 120,107 2,053,830 
Sunesis Pharmaceuticals, Inc. (a)(b) 108,923 237,452 
Surface Oncology, Inc. 45,281 439,226 
Syndax Pharmaceuticals, Inc. (a)(b) 83,036 644,359 
Synergy Pharmaceuticals, Inc. (a)(b) 1,146,147 2,234,987 
Synlogic, Inc. (b) 56,306 595,717 
Synthetic Biologics, Inc. (a)(b) 14,928 42,843 
Syros Pharmaceuticals, Inc. (a)(b) 91,940 1,129,943 
T2 Biosystems, Inc. (a)(b) 160,347 1,047,066 
Tapimmune, Inc. (a)(b) 30,101 259,471 
Tenax Therapeutics, Inc. (a)(b) 1,474 7,915 
TESARO, Inc. (a)(b) 169,250 5,492,163 
TG Therapeutics, Inc. (a)(b) 289,019 3,670,541 
Tocagen, Inc. (a)(b) 41,610 405,698 
TONIX Pharmaceuticals Holding (a)(b) 36,311 38,853 
TRACON Pharmaceuticals, Inc. (a)(b) 24,172 50,761 
Trevena, Inc. (a)(b) 209,516 377,129 
Trovagene, Inc. (a)(b) 94,868 77,792 
Ultragenyx Pharmaceutical, Inc. (b) 210,309 17,819,482 
United Therapeutics Corp. (b) 193,566 23,806,682 
UNITY Biotechnology, Inc. (a) 35,335 673,485 
Unum Therapeutics, Inc. (a) 43,783 714,101 
Vanda Pharmaceuticals, Inc. (a)(b) 237,727 4,594,074 
Vaxart, Inc. (a)(b) 10,186 31,067 
VBI Vaccines, Inc. (a)(b) 125,821 256,675 
Veracyte, Inc. (b) 136,189 1,721,429 
Verastem, Inc. (a)(b) 304,264 3,030,469 
Vericel Corp. (a)(b) 198,807 2,425,445 
Versartis, Inc. (b) 105,167 189,301 
Vical, Inc. (b) 103,172 143,409 
Viking Therapeutics, Inc. (a)(b) 200,886 2,625,580 
VistaGen Therapeutics, Inc. (a)(b) 112,246 165,002 
Vital Therapies, Inc. (a)(b) 157,838 1,270,596 
Voyager Therapeutics, Inc. (a)(b) 89,973 1,956,013 
vTv Therapeutics, Inc. Class A (a)(b) 24,729 26,955 
Xbiotech, Inc. (a)(b) 78,189 315,884 
Xencor, Inc. (b) 212,727 8,889,861 
XOMA Corp. (a)(b) 33,247 622,716 
Yield10 Bioscience, Inc. (a)(b) 52,777 84,443 
Zafgen, Inc. (b) 145,426 1,384,456 
ZIOPHARM Oncology, Inc. (a)(b) 608,600 1,777,112 
  1,186,566,108 
Health Care Equipment & Supplies - 3.1%   
Accuray, Inc. (a)(b) 379,197 1,516,788 
Aethlon Medical, Inc. (a)(b) 20,423 19,812 
Akers Biosciences, Inc. (a)(b) 303,422 82,925 
Allied Healthcare Products, Inc. (b) 2,431 5,810 
Alliqua Biomedical, Inc. (a)(b) 6,256 16,140 
Alphatec Holdings, Inc. (a)(b) 43,263 151,853 
Amedica Corp. (a)(b) 3,678 1,632 
Angiodynamics, Inc. (b) 179,016 4,013,539 
Anika Therapeutics, Inc. (a)(b) 69,668 2,883,559 
Antares Pharma, Inc. (a)(b) 640,521 2,267,444 
Apollo Endosurgery, Inc. (b) 58,883 442,211 
Atossa Genetics, Inc. (a)(b) 13,690 29,297 
Atricure, Inc. (a)(b) 145,962 5,042,987 
Atrion Corp. 7,171 4,697,364 
Avanos Medical, Inc. (b) 210,060 15,145,326 
Avinger, Inc. (a)(b) 1,594 2,503 
AxoGen, Inc. (a)(b) 146,805 6,437,399 
Bellerophon Therapeutics, Inc. (a)(b) 107,908 93,340 
BioLase Technology, Inc. (a)(b) 27,940 49,454 
BioLife Solutions, Inc. (b) 43,637 1,045,543 
Bovie Medical Corp. (b) 91,156 486,773 
Cantel Medical Corp. 159,351 15,457,047 
Cardiovascular Systems, Inc. (b) 152,396 5,871,818 
CAS Medical Systems, Inc. (b) 18,121 40,591 
Cerus Corp. (b) 605,964 4,714,400 
Cesca Therapeutics, Inc. (b) 11,978 5,163 
Chembio Diagnostics, Inc. (b) 40,753 425,869 
Chf Solutions, Inc. (b) 66 81 
ConforMis, Inc. (b) 154,155 188,069 
CONMED Corp. 110,337 8,874,405 
Corindus Vascular Robotics, Inc. (a)(b) 389,590 424,653 
Cryolife, Inc. (b) 148,998 5,170,231 
CryoPort, Inc. (a)(b) 134,188 1,905,470 
Cutera, Inc. (b) 60,216 2,047,344 
CytoSorbents Corp. (a)(b) 116,213 1,702,520 
Dare Bioscience, Inc. (a)(b) 40,212 44,233 
DexCom, Inc. (a)(b) 394,667 56,982,021 
Dynatronics Corp. (b) 3,361 9,747 
Ekso Bionics Holdings, Inc. (a)(b) 222,191 595,472 
Electromed, Inc. (b) 18,140 84,532 
Endologix, Inc. (b) 360,376 828,865 
Fonar Corp. (b) 28,130 737,006 
Genmark Diagnostics, Inc. (a)(b) 249,750 2,137,860 
Glaukos Corp. (a)(b) 141,736 9,690,490 
Globus Medical, Inc. (b) 328,482 17,498,236 
Haemonetics Corp. (b) 231,876 25,886,637 
Helius Medical Technologies, Inc. (U.S.) (a)(b) 53,227 533,335 
Heska Corp. (a)(b) 29,651 3,172,657 
Hill-Rom Holdings, Inc. 298,179 29,003,871 
ICU Medical, Inc. (b) 67,431 20,633,886 
Inogen, Inc. (b) 78,078 20,683,643 
Inspire Medical Systems, Inc. (a) 37,822 2,079,832 
Insulet Corp. (a)(b) 262,554 27,376,506 
Integer Holdings Corp. (b) 129,758 10,367,664 
Integra LifeSciences Holdings Corp. (a)(b) 317,530 18,883,509 
IntriCon Corp. (a)(b) 31,823 2,351,720 
Invacare Corp. (a) 149,686 2,275,227 
InVivo Therapeutics Holdings Corp. (b) 4,799 9,358 
Invuity, Inc. (a)(b) 46,008 213,937 
IRadimed Corp. (a)(b) 21,182 582,505 
iRhythm Technologies, Inc. (b) 87,777 8,171,161 
Iridex Corp. (b) 27,462 249,904 
K2M Group Holdings, Inc. (b) 182,975 5,002,537 
Kewaunee Scientific Corp. 5,153 164,638 
Lantheus Holdings, Inc. (b) 142,650 2,296,665 
LeMaitre Vascular, Inc. 71,030 2,664,335 
LivaNova PLC (b) 193,977 24,353,812 
Masimo Corp. (b) 211,353 24,916,405 
Meridian Bioscience, Inc. 197,861 3,106,418 
Merit Medical Systems, Inc. (b) 239,902 14,118,233 
Microbot Medical, Inc. (b) 28,379 16,460 
Milestone Scientific, Inc. (a)(b) 44,568 32,980 
Misonix, Inc. (b) 18,022 344,220 
Myomo, Inc. (a)(b) 36,622 75,075 
Natus Medical, Inc. (b) 147,875 5,515,738 
Neogen Corp. (b) 235,570 22,011,661 
NeuroMetrix, Inc. (b) 805 1,038 
Nevro Corp. (a)(b) 127,234 8,578,116 
NuVasive, Inc. (a)(b) 234,091 16,430,847 
Nuvectra Corp. (b) 50,524 1,179,230 
NxStage Medical, Inc. (b) 302,519 8,573,388 
OraSure Technologies, Inc. (b) 268,651 4,301,103 
Orthofix International NV (b) 90,532 4,848,894 
OrthoPediatrics Corp. (a) 19,771 688,426 
PAVmed, Inc. (b) 69,158 89,905 
Penumbra, Inc. (a)(b) 134,854 18,724,478 
Precision Therapeutics, Inc. (a)(b) 27,222 30,761 
Presbia PLC (a)(b) 14,622 26,173 
Pulse Biosciences, Inc. (a)(b) 23,281 334,315 
Quanterix Corp. (a)(b) 34,253 573,053 
Quidel Corp. (b) 145,364 11,175,584 
ReShape Lifesciences, Inc. (a)(b) 876 58 
Restoration Robotics, Inc. (b) 9,924 24,314 
Retractable Technologies, Inc. (b) 35,837 25,878 
Rockwell Medical Technologies, Inc. (a)(b) 199,001 977,095 
RTI Biologics, Inc. (b) 246,244 1,101,942 
Seaspine Holdings Corp. (b) 40,548 624,439 
Second Sight Medical Products, Inc. (a)(b) 109,272 184,670 
Sientra, Inc. (a)(b) 101,623 2,552,770 
Staar Surgical Co. (a)(b) 122,144 5,826,269 
Steris PLC 378,638 43,323,760 
STRATA Skin Sciences, Inc. (b) 1,407 3,757 
SurModics, Inc. (b) 60,522 4,766,108 
Synergetics U.S.A., Inc. (b)(d) 76,412 1 
Tactile Systems Technology, Inc. (a)(b) 65,831 4,454,784 
Tandem Diabetes Care, Inc. (a)(b) 253,265 11,571,678 
Teleflex, Inc. 203,401 50,327,509 
TransEnterix, Inc. (a)(b) 517,481 3,001,390 
Utah Medical Products, Inc. 15,403 1,399,363 
Varex Imaging Corp. (a)(b) 165,871 5,208,349 
Vermillion, Inc. (b) 167,591 105,582 
ViewRay, Inc. (a)(b) 244,937 2,468,965 
Viveve Medical, Inc. (a)(b) 129,860 409,059 
VolitionRx Ltd. (a)(b) 99,018 230,712 
West Pharmaceutical Services, Inc. (a) 330,227 38,653,070 
Wright Medical Group NV (a)(b) 480,241 13,917,384 
Zosano Pharma Corp. (a)(b) 52,039 217,003 
  723,893,571 
Health Care Providers & Services - 1.7%   
AAC Holdings, Inc. (a)(b) 48,170 426,786 
Acadia Healthcare Co., Inc. (a)(b) 364,188 15,124,728 
Aceto Corp. 133,469 443,117 
Addus HomeCare Corp. (b) 43,926 2,850,797 
Amedisys, Inc. (b) 128,880 16,111,289 
American Renal Associates Holdings, Inc. (a)(b) 55,930 1,227,664 
American Shared Hospital Services (b) 113 350 
AMN Healthcare Services, Inc. (a)(b) 215,714 12,576,126 
BioScrip, Inc. (a)(b) 568,746 1,649,363 
BioTelemetry, Inc. (a)(b) 142,312 8,794,882 
Brookdale Senior Living, Inc. (a)(b) 842,845 8,361,022 
Caladrius Biosciences, Inc. (b) 36,321 191,412 
Capital Senior Living Corp. (a)(b) 129,657 1,150,058 
Chemed Corp. 70,108 22,682,742 
Civitas Solutions, Inc. (b) 70,980 1,135,680 
Community Health Systems, Inc. (a)(b) 556,599 2,159,604 
Corvel Corp. (b) 43,392 2,579,654 
Cross Country Healthcare, Inc. (b) 154,629 1,547,836 
Digirad Corp. 51,239 84,544 
Diplomat Pharmacy, Inc. (a)(b) 215,891 4,460,308 
Diversicare Healthcare Services, Inc. 13,500 82,350 
Five Star Sr Living, Inc. (b) 197,129 195,158 
G1 Therapeutics, Inc. (a)(b) 86,910 5,273,699 
Genesis HealthCare, Inc. Class A (a)(b) 198,253 350,908 
HealthEquity, Inc. (b) 235,578 22,193,803 
HealthSouth Corp. 439,860 35,888,177 
InfuSystems Holdings, Inc. (b) 45,777 153,353 
Interpace Diagnostics Group, Inc. (a)(b) 83,117 122,182 
LHC Group, Inc. (b) 130,886 12,948,552 
LifePoint Hospitals, Inc. (b) 171,434 11,040,350 
Magellan Health Services, Inc. (b) 111,867 8,222,225 
MEDNAX, Inc. (b) 421,834 19,973,840 
Molina Healthcare, Inc. (a)(b) 211,434 29,177,892 
National Healthcare Corp. 52,171 4,020,819 
National Research Corp. Class A 46,695 1,828,109 
National Vision Holdings, Inc. 214,779 9,503,971 
OptiNose, Inc. (a) 58,775 873,984 
Owens & Minor, Inc. (a) 269,909 4,583,055 
Patterson Companies, Inc. (a) 371,202 8,370,605 
Premier, Inc. (a)(b) 242,451 10,723,608 
Providence Service Corp. (b) 53,519 3,593,266 
Psychemedics Corp. 24,117 466,182 
Quorum Health Corp. (a)(b) 120,872 549,968 
R1 RCM, Inc. (a)(b) 373,806 3,726,846 
RadNet, Inc. (b) 136,201 1,886,384 
Select Medical Holdings Corp. (b) 486,521 9,633,116 
Sharps Compliance Corp. (b) 38,210 134,881 
SunLink Health Systems, Inc. (b) 10,027 13,938 
Surgery Partners, Inc. (a)(b) 84,310 1,462,779 
Tenet Healthcare Corp. (a)(b) 362,611 12,227,243 
The Ensign Group, Inc. 216,921 8,475,103 
The Joint Corp. (b) 45,109 386,584 
Tivity Health, Inc. (a)(b) 149,336 5,137,158 
Triple-S Management Corp. (a)(b) 103,498 2,253,151 
U.S. Physical Therapy, Inc. 56,937 7,131,359 
Wellcare Health Plans, Inc. (b) 220,155 66,612,298 
  412,774,858 
Health Care Technology - 0.8%   
Allscripts Healthcare Solutions, Inc. (b) 785,792 11,480,421 
Arrhythmia Research Technology, Inc. (b) 9,729 32,884 
athenahealth, Inc. (b) 180,475 27,775,103 
Castlight Health, Inc. Class B (a)(b) 308,628 925,884 
Computer Programs & Systems, Inc. (a) 48,337 1,319,600 
Evolent Health, Inc. (a)(b) 283,107 7,219,229 
HealthStream, Inc. 113,005 3,585,649 
HMS Holdings Corp. (b) 364,920 11,695,686 
HTG Molecular Diagnostics (a)(b) 123,246 553,375 
iCAD, Inc. (b) 50,180 150,540 
Inovalon Holdings, Inc. Class A (a)(b) 283,107 3,114,177 
Medical Transcription Billing Corp. (a)(b) 30,125 130,441 
Medidata Solutions, Inc. (a)(b) 266,895 22,680,737 
NantHealth, Inc. (a)(b) 148,762 330,252 
Omnicell, Inc. (a)(b) 176,931 12,164,006 
Quality Systems, Inc. (b) 219,383 5,021,677 
Simulations Plus, Inc. 50,674 1,056,553 
Streamline Health Solutions, Inc. (a)(b) 73,168 83,412 
Tabula Rasa HealthCare, Inc. (a)(b) 63,065 5,528,909 
Teladoc Health, Inc. (a)(b) 309,586 24,008,394 
Valeritas Holdings, Inc. (a)(b) 51,874 59,655 
Veeva Systems, Inc. Class A (b) 530,893 55,403,993 
Vocera Communications, Inc. (b) 140,717 4,666,176 
  198,986,753 
Life Sciences Tools & Services - 0.8%   
Accelerate Diagnostics, Inc. (a)(b) 120,184 2,956,526 
Bio-Rad Laboratories, Inc. Class A (b) 90,627 29,480,963 
Bio-Techne Corp. 167,086 32,108,917 
Bioanalytical Systems, Inc. (b) 4,600 7,498 
Bruker Corp. 450,858 16,041,528 
Cambrex Corp. (a)(b) 145,686 9,819,236 
Champions Oncology, Inc. (b) 7,203 63,530 
Charles River Laboratories International, Inc. (b) 212,544 26,251,309 
ChromaDex, Inc. (a)(b) 108,460 491,324 
Codexis, Inc. (b) 191,908 3,300,818 
Enzo Biochem, Inc. (b) 180,734 829,569 
Fluidigm Corp. (a)(b) 123,668 979,451 
Harvard Bioscience, Inc. (b) 139,202 828,252 
Luminex Corp. 186,159 5,251,545 
Medpace Holdings, Inc. (b) 116,128 6,943,293 
Nanostring Technologies, Inc. (b) 101,239 1,637,035 
NeoGenomics, Inc. (a)(b) 326,680 4,524,518 
Pacific Biosciences of California, Inc. (a)(b) 493,526 2,462,695 
PRA Health Sciences, Inc. (b) 257,613 27,203,933 
Syneos Health, Inc. (a)(b) 270,892 13,503,966 
  184,685,906 
Pharmaceuticals - 1.3%   
AcelRx Pharmaceuticals, Inc. (a)(b) 222,277 689,059 
Acer Therapeutics, Inc. (b) 21,687 695,719 
Aclaris Therapeutics, Inc. (a)(b) 115,378 1,836,818 
Adamis Pharmaceuticals Corp. (a)(b) 179,132 510,526 
Aerie Pharmaceuticals, Inc. (a)(b) 177,945 10,916,926 
Agile Therapeutics, Inc. (b) 72,395 21,212 
Akcea Therapeutics, Inc. (a)(b) 70,325 1,857,283 
Akorn, Inc. (b) 427,893 6,713,641 
Alimera Sciences, Inc. (a)(b) 100,515 104,536 
Amneal Pharmaceuticals, Inc. (a)(b) 339,032 7,831,639 
Amphastar Pharmaceuticals, Inc. (a)(b) 155,639 2,954,028 
Ampio Pharmaceuticals, Inc. (a)(b) 354,669 223,087 
ANI Pharmaceuticals, Inc. (b) 42,271 2,460,172 
ANI Pharmaceuticals, Inc. rights (b)(d) 58,183 1 
Apricus Biosciences, Inc. (a)(b) 96,999 32,010 
Aradigm Corp. (a)(b) 44,920 60,642 
Aratana Therapeutics, Inc. (b) 165,481 877,049 
Assembly Biosciences, Inc. (a)(b) 92,144 3,685,760 
Assertio Therapeutics, Inc. (a)(b) 274,416 1,750,774 
AstraZeneca PLC rights (b)(d) 21,542 0 
Athenex, Inc. (a)(b) 180,306 2,962,428 
Axsome Therapeutics, Inc. (a)(b) 59,924 206,738 
Bio Path Holdings, Inc. (a)(b) 33,967 46,195 
Biodelivery Sciences International, Inc. (a)(b) 261,066 776,671 
BioPharmX Corp. (a)(b) 595,565 93,087 
Catalent, Inc. (b) 639,360 26,725,248 
Cerecor, Inc. (a)(b) 45,108 217,872 
Chiasma, Inc. (b) 29,500 69,325 
Clearside Biomedical, Inc. (b) 125,760 856,426 
Collegium Pharmaceutical, Inc. (a)(b) 99,164 1,695,704 
ContraVir Pharmaceuticals, Inc. (a)(b) 43,383 32,103 
Corcept Therapeutics, Inc. (a)(b) 431,601 6,482,647 
Corium International, Inc. (a)(b) 122,886 1,199,367 
CorMedix, Inc. (a)(b) 425,319 263,698 
Cumberland Pharmaceuticals, Inc. (b) 33,008 195,077 
CymaBay Therapeutics, Inc. (a)(b) 260,632 3,552,414 
Dermira, Inc. (a)(b) 163,855 1,559,900 
Dova Pharmaceuticals, Inc. (a)(b) 57,540 1,464,393 
Durect Corp. (b) 703,630 921,755 
Egalet Corp. (a)(b) 230,195 88,625 
Eloxx Pharmaceuticals, Inc. (a)(b) 93,892 1,720,101 
Endo International PLC (b) 900,074 15,436,269 
Endocyte, Inc. (b) 273,323 5,389,930 
Evofem Biosciences, Inc. (b) 3,187 12,939 
Evoke Pharma, Inc. (a)(b) 15,570 44,997 
Evolus, Inc. (b) 43,831 1,121,635 
Eyepoint Pharmaceuticals, Inc. (a)(b) 196,453 430,232 
Flex Pharma, Inc. (a)(b) 42,326 20,951 
Gemphire Therapeutics, Inc. (a)(b) 33,731 47,223 
Horizon Pharma PLC (b) 747,740 15,807,224 
Imprimis Pharmaceuticals, Inc. (a)(b) 47,104 143,196 
InflaRx NV (a)(b) 28,184 946,982 
Innoviva, Inc. (a)(b) 327,079 4,749,187 
Intersect ENT, Inc. (b) 129,388 3,791,068 
Intra-Cellular Therapies, Inc. (b) 218,946 4,803,675 
Jaguar Health, Inc. (a)(b) 29,375 24,734 
Jazz Pharmaceuticals PLC (b) 267,395 45,703,153 
Kala Pharmaceuticals, Inc. (a)(b) 25,715 347,410 
KemPharm, Inc. (a)(b) 53,243 276,864 
Lannett Co., Inc. (a)(b) 130,324 697,233 
Lipocine, Inc. (a)(b) 72,418 107,903 
Mallinckrodt PLC (a)(b) 372,862 12,848,825 
Marinus Pharmaceuticals, Inc. (a)(b) 114,286 816,002 
Melinta Therapeutics, Inc. (b) 179,307 838,260 
Mersana Therapeutics, Inc. (a)(b) 31,503 439,467 
Mustang Bio, Inc. (b) 52,643 364,290 
MyoKardia, Inc. (b) 148,087 9,129,564 
Neos Therapeutics, Inc. (a)(b) 95,876 551,287 
NovaBay Pharmaceuticals, Inc. (a)(b) 5,586 9,776 
Novan, Inc. (b) 35,527 102,318 
Novus Therapeutics, Inc. (b) 3,160 15,010 
Ocular Therapeutix, Inc. (b) 142,737 963,475 
Odonate Therapeutics, Inc. (a)(b) 38,719 743,018 
Omeros Corp. (a)(b) 201,030 5,202,656 
Onconova Therapeutics, Inc. (b) 3,415 1,468 
Otonomy, Inc. (b) 109,470 328,410 
Pacira Pharmaceuticals, Inc. (b) 182,422 8,601,197 
Pain Therapeutics, Inc. (a)(b) 20,330 20,737 
Paratek Pharmaceuticals, Inc. (a)(b) 122,183 1,252,376 
Pernix Therapeutics Holdings, Inc. (a)(b) 30,326 32,752 
Phibro Animal Health Corp. Class A 89,995 4,247,764 
Plx Pharma PLC/New (b) 4,346 14,342 
Prestige Brands Holdings, Inc. (a)(b) 238,898 9,197,573 
Pulmatrix, Inc. (a)(b) 138,518 60,948 
Reata Pharmaceuticals, Inc. (a)(b) 67,270 5,809,437 
resTORbio, Inc. (a)(b) 41,417 489,963 
Revance Therapeutics, Inc. (a)(b) 123,370 3,380,338 
Rhythm Pharmaceuticals, Inc. (a) 90,279 2,843,789 
Ritter Pharmaceuticals, Inc. (a)(b) 2,906 5,812 
scPharmaceuticals, Inc. (a)(b) 23,358 119,593 
SCYNEXIS, Inc. (a)(b) 332,373 448,704 
SenesTech, Inc. (a)(b) 90,916 80,006 
SIGA Technologies, Inc. (b) 204,746 1,685,060 
Sonoma Pharmaceuticals, Inc. (a)(b) 12,933 24,573 
Spero Therapeutics, Inc. (a)(b) 43,453 495,799 
Supernus Pharmaceuticals, Inc. (a)(b) 229,316 10,158,699 
Teligent, Inc. (a)(b) 185,177 748,115 
Tetraphase Pharmaceuticals, Inc. (b) 221,113 782,740 
The Medicines Company (a)(b) 291,976 11,565,169 
TherapeuticsMD, Inc. (a)(b) 865,760 5,610,125 
Theravance Biopharma, Inc. (a)(b) 184,923 5,357,219 
Titan Pharmaceuticals, Inc. (a)(b) 66,917 49,184 
VIVUS, Inc. (a)(b) 373,562 209,942 
WAVE Life Sciences (b) 70,815 3,774,440 
Zogenix, Inc. (a)(b) 186,848 9,024,758 
Zynerba Pharmaceuticals, Inc. (a)(b) 68,717 551,798 
  313,250,239 
TOTAL HEALTH CARE  3,020,157,435 
INDUSTRIALS - 13.5%   
Aerospace & Defense - 1.4%   
AAR Corp. 150,817 7,038,629 
Aerojet Rocketdyne Holdings, Inc. (a)(b) 342,876 12,038,376 
AeroVironment, Inc. (a)(b) 95,552 8,404,754 
Air Industries Group, Inc. (b) 213 300 
Arotech Corp. (b) 105,511 353,462 
Astronics Corp. (a)(b) 95,985 4,176,307 
Astrotech Corp. (b) 7,755 26,600 
Axon Enterprise, Inc. (a)(b) 256,298 17,494,901 
BWX Technologies, Inc. 444,333 27,246,500 
CPI Aerostructures, Inc. (b) 19,646 164,044 
Cubic Corp. 111,576 8,446,303 
Curtiss-Wright Corp. 197,139 26,406,769 
Ducommun, Inc. (b) 48,231 1,962,519 
Engility Holdings, Inc. (b) 82,978 2,880,166 
Esterline Technologies Corp. (b) 117,886 10,132,302 
HEICO Corp. (a) 179,139 16,244,325 
HEICO Corp. Class A 321,106 23,922,397 
Hexcel Corp. 397,682 26,294,734 
Innovative Solutions & Support, Inc. (b) 33,630 89,120 
KEYW Holding Corp. (a)(b) 210,109 1,788,028 
KLX, Inc. (b) 226,126 16,697,144 
Kratos Defense & Security Solutions, Inc. (a)(b) 376,764 5,033,567 
Mercury Systems, Inc. (a)(b) 219,105 11,943,414 
Micronet Enertec Technologies, Inc. (a)(b) 8,412 10,599 
Moog, Inc. Class A 144,636 11,413,227 
National Presto Industries, Inc. (a) 24,207 3,209,848 
SIFCO Industries, Inc. (b) 8,781 46,100 
Sparton Corp. (b) 46,545 594,380 
Spirit AeroSystems Holdings, Inc. Class A (a) 475,747 40,676,369 
Teledyne Technologies, Inc. (b) 161,135 38,230,890 
Triumph Group, Inc. 230,348 4,791,238 
Vectrus, Inc. (b) 51,098 1,677,036 
Wesco Aircraft Holdings, Inc. (b) 279,582 3,396,921 
  332,831,269 
Air Freight & Logistics - 0.4%   
Air T, Inc. (b) 1,092 36,582 
Air Transport Services Group, Inc. (b) 202,618 4,123,276 
Atlas Air Worldwide Holdings, Inc. (a)(b) 115,252 7,018,847 
Echo Global Logistics, Inc. (a)(b) 118,834 3,945,289 
Forward Air Corp. 132,956 8,543,753 
Hub Group, Inc. Class A (b) 148,040 7,823,914 
Radiant Logistics, Inc. (b) 141,423 615,190 
XPO Logistics, Inc. (a)(b) 470,225 50,078,963 
  82,185,814 
Airlines - 0.3%   
Allegiant Travel Co. 56,258 7,665,153 
Hawaiian Holdings, Inc. 228,263 9,472,915 
JetBlue Airways Corp. (b) 1,406,654 26,838,958 
SkyWest, Inc. 234,779 15,331,069 
Spirit Airlines, Inc. (a)(b) 304,904 14,489,038 
  73,797,133 
Building Products - 1.0%   
AAON, Inc. (a) 183,755 7,423,702 
Advanced Drain Systems, Inc. Del 183,567 5,754,825 
American Woodmark Corp. (b) 64,659 5,492,782 
Apogee Enterprises, Inc. 127,498 6,275,452 
Armstrong World Industries, Inc. (b) 231,153 16,134,479 
Builders FirstSource, Inc. (b) 513,348 8,018,496 
Continental Building Products, Inc. (b) 171,095 6,381,844 
COVIA Corp. (a)(b) 145,251 1,645,694 
CSW Industrials, Inc. (b) 71,463 4,001,928 
GCP Applied Technologies, Inc. (b) 325,797 8,210,084 
Gibraltar Industries, Inc. (a)(b) 143,948 6,535,239 
GMS, Inc. (b) 139,287 3,461,282 
Griffon Corp. 149,237 2,723,575 
Insteel Industries, Inc. 82,597 3,167,595 
Jeld-Wen Holding, Inc. (b) 312,499 7,599,976 
Lennox International, Inc. 163,382 36,403,143 
Masonite International Corp. (b) 124,268 8,319,743 
NCI Building Systems, Inc. (b) 190,470 3,218,943 
Owens Corning 490,051 27,746,688 
Patrick Industries, Inc. (a)(b) 104,231 6,670,784 
PGT, Inc. (b) 227,232 5,521,738 
Quanex Building Products Corp. 159,882 2,622,065 
Simpson Manufacturing Co. Ltd. 182,466 14,007,915 
Tecogen, Inc. New (b) 6,044 18,676 
Trex Co., Inc. (b) 263,354 22,306,084 
Universal Forest Products, Inc. 278,628 10,437,405 
USG Corp. (b) 388,641 16,750,427 
  246,850,564 
Commercial Services & Supplies - 1.4%   
ABM Industries, Inc. (a) 296,021 9,389,786 
ACCO Brands Corp. 486,655 6,034,522 
Acme United Corp. 1,332 29,197 
ADS Waste Holdings, Inc. (b) 187,157 4,993,349 
Amrep Corp. (b) 2,694 19,774 
Aqua Metals, Inc. (a)(b) 158,730 385,714 
ARC Document Solutions, Inc. (b) 173,429 558,441 
Avalon Holdings Corp. Class A (a)(b) 10,366 46,440 
Brady Corp. Class A 222,213 8,988,516 
Casella Waste Systems, Inc. Class A (b) 174,856 4,962,413 
CECO Environmental Corp. 124,603 1,051,649 
Cemtrex, Inc. (a)(b) 34,404 56,767 
Clean Harbors, Inc. (b) 232,665 15,958,492 
Command Security Corp. (b) 4,050 7,979 
CompX International, Inc. Class A 715 9,653 
Covanta Holding Corp. 590,028 10,413,994 
Deluxe Corp. 214,935 12,728,451 
Document Security Systems, Inc. (a)(b) 20,066 24,681 
Ecology & Environment, Inc. Class A 5,529 73,812 
Ennis, Inc. 121,086 2,639,675 
Essendant, Inc. 171,402 2,473,331 
Evoqua Water Technologies Corp. (a)(b) 264,893 5,133,626 
Fuel Tech, Inc. (a)(b) 71,206 84,023 
Healthcare Services Group, Inc. (a) 331,117 13,645,332 
Heritage-Crystal Clean, Inc. (a)(b) 67,703 1,577,480 
Herman Miller, Inc. 272,699 10,444,372 
HNI Corp. 193,943 8,552,886 
Hudson Technologies, Inc. (a)(b) 164,908 308,378 
Industrial Services of America, Inc. (b) 12,605 29,181 
Interface, Inc. 264,579 6,230,835 
Intersections, Inc. (a)(b) 42,033 72,717 
KAR Auction Services, Inc. 607,125 38,060,666 
Kimball International, Inc. Class B 169,255 2,956,885 
Knoll, Inc. 218,560 5,144,902 
LSC Communications, Inc. 151,031 1,847,109 
Matthews International Corp. Class A 143,825 7,464,518 
McGrath RentCorp. 108,351 6,284,358 
Mobile Mini, Inc. 199,585 8,562,197 
Msa Safety, Inc. (a) 151,396 15,304,622 
Multi-Color Corp. (a) 64,185 3,963,424 
NL Industries, Inc. (b) 19,002 150,116 
Odyssey Marine Exploration, Inc. (a)(b) 33,165 309,098 
Performant Financial Corp. (b) 99,740 241,371 
Perma-Fix Environmental Services, Inc. (b) 23,883 113,444 
PICO Holdings, Inc. 104,771 1,252,013 
Pitney Bowes, Inc. 832,522 6,044,110 
Quad/Graphics, Inc. 144,761 3,296,208 
Quest Resource Holding Corp. (a)(b) 35,687 76,727 
R.R. Donnelley & Sons Co. 308,204 1,559,512 
Rollins, Inc. 432,079 25,959,306 
SP Plus Corp. (b) 100,820 3,921,898 
Steelcase, Inc. Class A 387,642 5,659,573 
Team, Inc. (a)(b) 132,793 3,094,077 
Tetra Tech, Inc. 253,668 17,706,026 
The Brink's Co. (a) 229,375 17,226,063 
U.S. Ecology, Inc. 98,121 7,138,303 
UniFirst Corp. 69,611 12,891,957 
Viad Corp. 92,732 5,712,291 
Virco Manufacturing Co. 16,793 83,125 
VSE Corp. 36,497 1,408,054 
  330,357,419 
Construction & Engineering - 0.7%   
AECOM (a)(b) 717,359 24,131,957 
Aegion Corp. (b) 147,211 3,674,387 
Ameresco, Inc. Class A (b) 85,179 1,222,319 
Argan, Inc. 63,539 2,528,852 
Comfort Systems U.S.A., Inc. 166,788 9,573,631 
Construction Partners, Inc. Class A 55,852 678,602 
Dycom Industries, Inc. (a)(b) 139,800 11,730,618 
EMCOR Group, Inc. 265,570 21,272,157 
FTE Networks, Inc. (b) 13,620 177,060 
Goldfield Corp. 99,734 473,737 
Granite Construction, Inc. 202,094 9,231,654 
Great Lakes Dredge & Dock Corp. (b) 252,829 1,384,239 
HC2 Holdings, Inc. (a)(b) 168,360 1,055,617 
Ies Holdings, Inc. (a)(b) 35,821 685,972 
Infrastructure and Energy Alternatives, Inc. (a)(b) 45,210 479,226 
KBR, Inc. 634,690 13,315,796 
Keane Group, Inc. (a)(b) 267,222 3,281,486 
MasTec, Inc. (a)(b) 286,469 12,547,342 
MYR Group, Inc. (b) 75,779 2,634,836 
Northwest Pipe Co. (b) 41,263 745,210 
NV5 Holdings, Inc. (b) 40,978 3,624,504 
Orion Group Holdings, Inc. (b) 116,448 1,003,782 
Primoris Services Corp. 186,344 4,669,781 
Sterling Construction Co., Inc. (a)(b) 117,122 1,704,125 
Tutor Perini Corp. (a)(b) 173,590 3,532,557 
Valmont Industries, Inc. 101,193 14,207,497 
Williams Scotsman Corp. (a)(b) 171,810 2,998,085 
  152,565,029 
Electrical Equipment - 0.8%   
Acuity Brands, Inc. (a) 182,690 27,922,340 
Allied Motion Technologies, Inc. 31,220 1,524,785 
American Electric Technologies, Inc. (a)(b) 11,386 11,184 
American Superconductor Corp. (a)(b) 78,969 481,711 
AZZ, Inc. 117,435 6,312,131 
Babcock & Wilcox Enterprises, Inc. (a)(b) 770,769 1,079,077 
Broadwind Energy, Inc. (b) 60,375 131,618 
Capstone Turbine Corp. (a)(b) 247,286 276,960 
Encore Wire Corp. 93,673 4,707,068 
Energous Corp. (a)(b) 87,914 1,127,057 
Energy Focus, Inc. (a)(b) 30,849 66,325 
EnerSys 189,355 15,714,571 
Enphase Energy, Inc. (a)(b) 338,229 1,653,940 
EnSync, Inc. (a)(b) 114,418 40,046 
Espey Manufacturing & Electronics Corp. 5,259 140,678 
FuelCell Energy, Inc. (a)(b) 378,895 443,307 
Generac Holdings, Inc. (b) 275,839 15,306,306 
GrafTech International Ltd. 174,214 3,219,475 
Hubbell, Inc. Class B 243,288 30,741,872 
Ideal Power, Inc. (a)(b) 17,678 11,673 
LSI Industries, Inc. 117,225 606,053 
Ocean Power Technologies, Inc. (a)(b) 70,903 52,546 
Orion Energy Systems, Inc. (a)(b) 82,082 78,142 
Plug Power, Inc. (a)(b) 1,028,508 2,026,161 
Polar Power, Inc. (a)(b) 7,179 44,510 
Powell Industries, Inc. 38,329 1,500,580 
Preformed Line Products Co. 11,698 955,727 
Real Goods Solar, Inc. (a)(b) 42,561 18,416 
Regal Beloit Corp. 199,139 16,667,934 
Revolution Lighting Technologies, Inc. (a)(b) 37,668 102,080 
Sensata Technologies, Inc. PLC (a)(b) 761,598 40,326,614 
Sunrun, Inc. (a)(b) 300,000 3,936,000 
Sunworks, Inc. (a)(b) 46,670 32,132 
Thermon Group Holdings, Inc. (b) 146,456 3,925,021 
TPI Composites, Inc. (a)(b) 61,940 1,736,178 
Ultralife Corp. (b) 42,785 370,090 
Vicor Corp. (b) 73,865 4,612,869 
Vivint Solar, Inc. (b) 109,703 575,941 
  188,479,118 
Industrial Conglomerates - 0.3%   
Carlisle Companies, Inc. 271,961 34,487,374 
ITT, Inc. 389,867 23,045,038 
Raven Industries, Inc. 161,392 7,811,373 
  65,343,785 
Machinery - 3.7%   
Actuant Corp. Class A (a) 272,518 8,025,655 
AGCO Corp. 293,590 17,515,579 
Alamo Group, Inc. 42,473 4,047,677 
Albany International Corp. Class A 131,871 10,173,848 
Allison Transmission Holdings, Inc. (a) 580,531 28,829,169 
Altra Industrial Motion Corp. (a) 131,716 5,143,510 
American Railcar Industries, Inc. 33,825 1,549,862 
Apergy Corp. (a)(b) 342,574 15,491,196 
ARC Group Worldwide, Inc. (a)(b) 25,348 48,161 
Art's-Way Manufacturing Co., Inc. (b) 9,649 26,535 
Astec Industries, Inc. (a) 86,385 4,202,630 
Barnes Group, Inc. 215,817 14,688,505 
Blue Bird Corp. (a)(b) 51,001 1,170,473 
Briggs & Stratton Corp. 191,742 3,865,519 
Cactus, Inc. (a)(b) 162,606 5,557,873 
Chart Industries, Inc. (a)(b) 138,723 10,480,523 
Chicago Rivet & Machine Co. 758 24,104 
CIRCOR International, Inc. (a) 87,402 3,964,555 
Colfax Corp. (b) 445,645 15,561,923 
Columbus McKinnon Corp. (NY Shares) 91,393 3,886,944 
Commercial Vehicle Group, Inc. (b) 120,218 1,173,328 
Crane Co. 226,459 20,671,178 
Dmc Global, Inc. 62,393 2,448,925 
Donaldson Co., Inc. (a) 584,176 29,559,306 
Douglas Dynamics, Inc. 101,803 4,662,577 
Eastern Co. 26,978 795,851 
Energy Recovery, Inc. (a)(b) 151,895 1,471,863 
EnPro Industries, Inc. 95,943 7,202,441 
ESCO Technologies, Inc. 116,292 7,867,154 
ExOne Co. (a)(b) 40,244 355,355 
Federal Signal Corp. 270,118 7,031,172 
Franklin Electric Co., Inc. 174,001 8,508,649 
FreightCar America, Inc. 53,070 897,414 
Gardner Denver Holdings, Inc. (b) 317,773 8,884,933 
Gates Industrial Corp. PLC (a)(b) 202,163 3,685,431 
Gencor Industries, Inc. (b) 29,953 386,394 
Global Brass & Copper Holdings, Inc. 99,231 3,825,355 
Gorman-Rupp Co. 90,966 3,334,814 
Graco, Inc. 752,909 35,394,252 
Graham Corp. 38,537 1,071,714 
Greenbrier Companies, Inc. (a) 124,371 7,213,518 
Harsco Corp. (b) 362,470 10,239,778 
Hillenbrand, Inc. 279,066 14,274,226 
Hurco Companies, Inc. 24,468 1,049,677 
Hyster-Yale Materials Handling Class A 42,446 2,618,918 
IDEX Corp. 341,726 52,355,840 
Jason Industries, Inc. (b) 34,467 95,474 
John Bean Technologies Corp. (a) 142,963 16,912,523 
Kadant, Inc. 51,037 5,157,289 
Kennametal, Inc. 366,952 14,986,320 
L.B. Foster Co. Class A (b) 41,840 951,860 
Lincoln Electric Holdings, Inc. 275,072 25,900,780 
Lindsay Corp. (a) 52,222 5,001,301 
LiqTech International, Inc. (b) 162,497 206,371 
Lydall, Inc. (b) 77,344 3,310,323 
Manitex International, Inc. (a)(b) 80,512 851,817 
Manitowoc Co., Inc. (a)(b) 162,770 3,774,636 
Meritor, Inc. (b) 392,749 8,506,943 
MFRI, Inc. (b) 13,179 121,906 
Middleby Corp. (a)(b) 247,844 30,122,960 
Milacron Holdings Corp. (b) 239,741 5,082,509 
Miller Industries, Inc. 42,627 1,227,658 
Mueller Industries, Inc. 260,390 8,324,668 
Mueller Water Products, Inc. Class A 715,346 8,276,553 
Navistar International Corp. New (b) 290,705 12,666,017 
NN, Inc. 123,434 2,468,680 
Nordson Corp. (a) 228,027 31,700,314 
Omega Flex, Inc. (a) 24,574 2,180,943 
Oshkosh Corp. 326,290 22,925,135 
Park-Ohio Holdings Corp. 36,562 1,515,495 
ProPetro Holding Corp. (a)(b) 310,888 4,731,715 
Proto Labs, Inc. (b) 112,204 17,442,112 
RBC Bearings, Inc. (b) 110,539 16,559,848 
Rexnord Corp. (b) 470,453 13,657,251 
Spartan Motors, Inc. 152,982 2,210,590 
SPX Corp. (b) 190,432 6,472,784 
SPX Flow, Inc. (b) 196,513 9,420,833 
Standex International Corp. 58,479 6,309,884 
Sun Hydraulics Corp. 127,963 6,441,657 
Taylor Devices, Inc. (b) 3,749 43,301 
Tennant Co. 82,228 6,294,553 
Terex Corp. 319,269 12,371,674 
The L.S. Starrett Co. Class A 20,155 128,992 
Timken Co. 301,245 14,655,569 
Titan International, Inc. 212,617 1,590,375 
Toro Co. 475,739 28,920,174 
TriMas Corp. (b) 203,826 6,257,458 
Trinity Industries, Inc. (a) 662,816 23,755,325 
Twin Disc, Inc. (b) 34,774 888,476 
Wabash National Corp. (a) 267,734 4,883,468 
WABCO Holdings, Inc. (a)(b) 222,607 27,398,470 
Wabtec Corp. (a) 380,495 41,215,218 
Watts Water Technologies, Inc. Class A 124,035 10,226,686 
Woodward, Inc. 247,249 19,918,379 
WSI Industries, Inc. (a) 5,563 29,484 
Xerium Technologies, Inc. (b) 46,836 629,476 
  885,956,531 
Marine - 0.1%   
Genco Shipping & Trading Ltd. (b) 60,925 836,500 
Kirby Corp. (b) 239,568 20,914,286 
Matson, Inc. 188,914 7,057,827 
  28,808,613 
Professional Services - 1.4%   
Acacia Research Corp. (b) 241,785 942,962 
Asgn, Inc. (b) 220,581 20,423,595 
Barrett Business Services, Inc. 33,579 2,519,432 
BG Staffing, Inc. 38,107 928,287 
CBIZ, Inc. (b) 253,569 6,060,299 
CoStar Group, Inc. (b) 162,765 71,968,172 
CRA International, Inc. 36,289 2,074,279 
DLH Holdings Corp. (b) 2,257 11,872 
Dun & Bradstreet Corp. 164,254 23,475,182 
Exponent, Inc. 237,793 12,448,464 
Forrester Research, Inc. 47,157 2,320,124 
Franklin Covey Co. (b) 53,514 1,369,958 
FTI Consulting, Inc. (b) 167,838 12,792,612 
GEE Group, Inc. (a)(b) 3,724 9,244 
GP Strategies Corp. (b) 68,728 1,309,268 
Heidrick & Struggles International, Inc. 88,851 3,927,214 
Hudson Global, Inc. (b) 73,252 126,726 
Huron Consulting Group, Inc. (b) 101,374 5,018,013 
ICF International, Inc. 85,852 7,009,816 
InnerWorkings, Inc. (a)(b) 215,796 1,687,525 
Insperity, Inc. 167,032 20,018,785 
Kelly Services, Inc. Class A (non-vtg.) 140,647 3,545,711 
Kforce, Inc. 105,978 4,456,375 
Korn/Ferry International 250,018 16,783,708 
Lightbridge Corp. (b) 12,635 12,761 
Manpower, Inc. 290,898 27,265,870 
Marathon Patent Group, Inc. (a)(b) 53,847 52,770 
Mastech Digital, Inc. (b) 6,164 64,722 
MISTRAS Group, Inc. (b) 78,589 1,792,615 
Navigant Consulting, Inc. 204,111 4,876,212 
RCM Technologies, Inc. 26,331 129,022 
Reis, Inc. 35,639 821,479 
Resources Connection, Inc. 145,001 2,399,767 
Spherix, Inc. (a)(b) 4,712 5,042 
TransUnion Holding Co., Inc. 671,873 50,592,037 
TriNet Group, Inc. (b) 185,050 10,930,904 
TrueBlue, Inc. (b) 189,785 5,560,701 
Volt Information Sciences, Inc. (b) 56,277 196,970 
WageWorks, Inc. (a)(b) 176,617 9,449,010 
Willdan Group, Inc. (a)(b) 35,062 1,099,895 
  336,477,400 
Road & Rail - 0.8%   
AMERCO 30,806 11,548,861 
ArcBest Corp. 114,714 5,517,743 
Avis Budget Group, Inc. (a)(b) 318,689 9,914,415 
Covenant Transport Group, Inc. Class A (b) 58,436 1,745,483 
Daseke, Inc. (b) 220,743 1,984,480 
Genesee & Wyoming, Inc. Class A (a)(b) 266,691 23,439,472 
Heartland Express, Inc. 222,126 4,542,477 
Knight-Swift Transportation Holdings, Inc. Class A 568,984 19,419,424 
Landstar System, Inc. 188,634 21,843,817 
Marten Transport Ltd. 173,130 3,817,517 
Old Dominion Freight Lines, Inc. 302,534 46,106,182 
P.A.M. Transportation Services, Inc. (b) 11,803 687,761 
Patriot Transportation Holding, Inc. (b) 5,715 115,957 
Roadrunner Transportation Systems, Inc. (b) 117,512 152,766 
Ryder System, Inc. 237,204 18,226,755 
Saia, Inc. (a)(b) 117,517 9,313,222 
Schneider National, Inc. Class B 141,992 3,840,884 
U.S.A. Truck, Inc. (b) 31,070 680,744 
Universal Logistics Holdings, Inc. 41,673 1,525,232 
Werner Enterprises, Inc. (a) 197,464 7,316,041 
YRC Worldwide, Inc. (b) 140,714 1,346,633 
  193,085,866 
Trading Companies & Distributors - 1.1%   
AeroCentury Corp. (b) 726 12,451 
Air Lease Corp. Class A 428,310 19,792,205 
Aircastle Ltd. 243,533 5,094,710 
Applied Industrial Technologies, Inc. 173,408 13,361,086 
Beacon Roofing Supply, Inc. (b) 304,866 11,304,431 
BlueLinx Corp. (a)(b) 36,029 1,294,522 
BMC Stock Holdings, Inc. (b) 279,470 6,288,075 
CAI International, Inc. (b) 68,566 1,850,596 
DXP Enterprises, Inc. (b) 73,586 3,376,862 
EnviroStar, Inc. 8,263 390,427 
GATX Corp. (a) 170,888 14,431,492 
General Finance Corp. (a)(b) 73,463 1,002,770 
H&E Equipment Services, Inc. 139,217 4,846,144 
HD Supply Holdings, Inc. (b) 818,402 37,310,947 
Herc Holdings, Inc. (b) 128,723 6,768,255 
Houston Wire & Cable Co. (b) 67,850 556,370 
Huttig Building Products, Inc. (a)(b) 72,927 377,762 
Kaman Corp. 120,759 7,874,694 
Lawson Products, Inc. (b) 22,824 769,169 
MRC Global, Inc. (b) 399,617 8,236,106 
MSC Industrial Direct Co., Inc. Class A 204,243 17,458,692 
Nexeo Solutions, Inc. (b) 262,963 2,632,260 
Now, Inc. (a)(b) 479,255 8,238,393 
Rush Enterprises, Inc. Class A 160,994 6,916,302 
SiteOne Landscape Supply, Inc. (a)(b) 179,538 16,224,849 
Systemax, Inc. 65,078 2,375,347 
Titan Machinery, Inc. (a)(b) 84,437 1,524,932 
Transcat, Inc. (b) 24,318 592,143 
Triton International Ltd. 212,280 8,019,938 
Univar, Inc. (b) 515,593 14,343,797 
Veritiv Corp. (b) 50,713 2,421,546 
Watsco, Inc. 142,847 24,996,797 
WESCO International, Inc. (b) 211,539 12,935,610 
Willis Lease Finance Corp. (b) 18,966 650,154 
  264,269,834 
Transportation Infrastructure - 0.1%   
Macquarie Infrastructure Co. LLC (a) 352,615 16,587,010 
TOTAL INDUSTRIALS  3,197,595,385 
INFORMATION TECHNOLOGY - 19.8%   
Communications Equipment - 1.4%   
ADTRAN, Inc. 225,381 3,876,553 
Aerohive Networks, Inc. (a)(b) 131,104 553,259 
Applied Optoelectronics, Inc. (a)(b) 86,263 3,567,838 
Arris International PLC (a)(b) 777,688 20,149,896 
Aviat Networks, Inc. (b) 17,942 319,368 
Bank Technologies, Inc. 68,107 258,807 
Black Box Corp. (a)(b) 74,340 92,925 
CalAmp Corp. (a)(b) 167,160 3,928,260 
Calix Networks, Inc. (b) 181,547 1,416,067 
Carvana Co. Class A (a)(b) 145,347 9,409,765 
Ciena Corp. (a)(b) 637,257 20,124,576 
Clearfield, Inc. (a)(b) 45,080 615,342 
ClearOne, Inc. 17,220 37,023 
CommScope Holding Co., Inc. (b) 855,104 27,098,246 
Communications Systems, Inc. 9,122 31,197 
Comtech Telecommunications Corp. 109,119 3,911,916 
Dasan Zhone Solutions, Inc. (a)(b) 16,585 179,781 
Digi International, Inc. (b) 122,486 1,647,437 
EchoStar Holding Corp. Class A (b) 221,176 10,616,448 
EMCORE Corp. (b) 116,856 566,752 
Extreme Networks, Inc. (b) 540,268 3,387,480 
Finisar Corp. (a)(b) 512,990 10,464,996 
Harmonic, Inc. (b) 393,058 2,142,166 
Infinera Corp. (b) 695,007 6,220,313 
InterDigital, Inc. 155,724 12,862,802 
KVH Industries, Inc. (b) 53,392 664,730 
Lantronix, Inc. (b) 2,938 15,630 
Lumentum Holdings, Inc. (a)(b) 282,405 19,175,300 
NETGEAR, Inc. (b) 143,427 10,161,803 
NetScout Systems, Inc. (a)(b) 359,842 8,996,050 
Network-1 Security Solutions, Inc. 44,887 130,172 
Oclaro, Inc. (b) 778,648 7,428,302 
Optical Cable Corp. (a)(b) 11,253 43,324 
Palo Alto Networks, Inc. (b) 409,900 94,748,385 
PC-Tel, Inc. 65,156 282,777 
Plantronics, Inc. 149,855 10,073,253 
Quantenna Communications, Inc. (b) 99,259 1,813,462 
Resonant, Inc. (a)(b) 88,838 471,730 
Sonus Networks, Inc. (b) 229,931 1,591,123 
Technical Communications Corp. (b) 2,782 13,632 
Tessco Technologies, Inc. 21,957 391,932 
Ubiquiti Networks, Inc. 95,899 8,603,099 
ViaSat, Inc. (a)(b) 244,675 15,370,484 
Viavi Solutions, Inc. (b) 1,014,663 11,364,226 
Westell Technologies, Inc. Class A (b) 36,810 105,645 
xG Technology, Inc. (a)(b) 3,373 1,385 
  334,925,657 
Electronic Equipment & Components - 3.2%   
ADDvantage Technologies Group, Inc. (b) 11,707 16,858 
ADT, Inc. (a) 500,555 4,479,967 
Akoustis Technologies, Inc. (a)(b) 44,905 374,508 
Anixter International, Inc. (b) 132,690 9,566,949 
Applied DNA Sciences, Inc. (a)(b) 83,467 101,830 
Arrow Electronics, Inc. (b) 396,273 30,723,046 
Avnet, Inc. 521,353 25,233,485 
AVX Corp. 228,995 4,843,244 
Badger Meter, Inc. 132,432 7,277,138 
Bel Fuse, Inc. Class B (non-vtg.) 43,341 1,241,720 
Belden, Inc. (a) 182,012 13,235,913 
Benchmark Electronics, Inc. 221,538 5,726,757 
Cardtronics PLC (b) 203,855 7,153,272 
Casa Systems, Inc. (a)(b) 37,182 546,204 
CDW Corp. 674,246 59,036,980 
ClearSign Combustion Corp. (a)(b) 88,193 180,796 
Cognex Corp. 773,857 41,633,507 
Coherent, Inc. (a)(b) 111,237 21,201,772 
Control4 Corp. (b) 94,138 3,051,013 
CTS Corp. 147,892 5,464,609 
CUI Global, Inc. (b) 85,811 193,933 
Daktronics, Inc. 187,333 1,519,271 
Data I/O Corp. (b) 25,384 136,566 
Dell Technologies, Inc. (a)(b) 890,312 85,621,305 
Digital Ally, Inc. (a)(b) 14,722 38,277 
Dolby Laboratories, Inc. Class A 281,007 19,723,881 
DPW Holdings, Inc. (a)(b) 240,068 117,657 
Dynasil Corp. of America (b) 9,233 12,557 
Echelon Corp. (b) 10,643 89,933 
Electro Scientific Industries, Inc. (a)(b) 159,386 3,498,523 
eMagin Corp. (a)(b) 59,414 86,150 
ePlus, Inc. (b) 63,782 6,611,004 
Fabrinet (a) 166,602 7,975,238 
FARO Technologies, Inc. (b) 75,680 5,161,376 
Fitbit, Inc. (a)(b) 799,425 4,812,539 
Frequency Electronics, Inc. (b) 18,014 149,516 
I. D. Systems Inc. (b) 42,210 271,832 
Identiv, Inc. (b) 44,096 267,663 
IEC Electronics Corp. (b) 24,204 132,880 
II-VI, Inc. (a)(b) 248,183 12,347,104 
Image Sensing Systems, Inc. (b) 9,582 57,971 
Insight Enterprises, Inc. (b) 157,850 8,703,849 
Intellicheck, Inc. (a)(b) 10,517 22,822 
Iteris, Inc. (a)(b) 122,630 631,545 
Itron, Inc. (b) 157,894 10,484,162 
Jabil, Inc. 758,876 22,432,375 
KEMET Corp. (b) 218,232 5,639,115 
KEY Tronic Corp. (b) 23,421 187,368 
Keysight Technologies, Inc. (b) 835,288 54,201,838 
Kimball Electronics, Inc. (b) 120,583 2,387,543 
Knowles Corp. (a)(b) 409,668 7,427,281 
LGL Group, Inc. (b) 5,167 39,373 
LightPath Technologies, Inc. Class A (a)(b) 75,176 160,877 
Littelfuse, Inc. 111,321 24,886,923 
LRAD Corp. (b) 75,779 230,368 
Luna Innovations, Inc. (b) 134,554 500,541 
Maxwell Technologies, Inc. (a)(b) 187,957 671,006 
Mesa Laboratories, Inc. 15,731 3,157,998 
Methode Electronics, Inc. Class A 165,031 6,543,479 
MicroVision, Inc. (a)(b) 416,568 445,728 
MTS Systems Corp. 80,740 4,368,034 
Napco Security Technolgies, Inc. (b) 54,451 822,210 
National Instruments Corp. 487,285 23,267,859 
Neonode, Inc. (a)(b) 119,716 36,513 
NetList, Inc. (a)(b) 137,887 16,091 
Novanta, Inc. (b) 143,360 10,981,376 
OSI Systems, Inc. (b) 79,055 6,157,594 
Par Technology Corp. (a)(b) 45,628 1,171,727 
Park Electrochemical Corp. 94,387 2,017,994 
PC Connection, Inc. 70,156 2,785,193 
PC Mall, Inc. (b) 39,971 911,339 
Perceptron, Inc. (b) 32,730 354,139 
Plexus Corp. (b) 152,708 9,664,889 
RadiSys Corp. (b) 138,192 219,725 
Research Frontiers, Inc. (a)(b) 70,642 81,238 
RF Industries Ltd. (a) 34,355 405,389 
Richardson Electronics Ltd. 36,172 326,633 
Rogers Corp. (b) 83,497 11,528,431 
Sanmina Corp. (b) 310,952 9,577,322 
ScanSource, Inc. (b) 115,525 4,696,091 
Sigmatron International, Inc. (b) 11,250 79,538 
Superconductor Technologies, Inc. (a)(b) 2,752 6,522 
SYNNEX Corp. 129,311 12,539,288 
Tech Data Corp. (b) 155,831 11,336,705 
Trimble, Inc. (b) 1,112,266 46,826,399 
TTM Technologies, Inc. (a)(b) 410,024 7,667,449 
Vishay Intertechnology, Inc. 588,359 14,002,944 
Vishay Precision Group, Inc. (b) 55,852 2,418,392 
Wayside Technology Group, Inc. 13,193 158,316 
Wireless Telecom Group, Inc. (b) 34,803 66,126 
Zebra Technologies Corp. Class A (b) 238,033 40,879,787 
  764,040,188 
Internet Software & Services - 3.0%   
2U, Inc. (a)(b) 254,227 22,717,725 
Alarm.com Holdings, Inc. (a)(b) 113,106 6,366,737 
Amber Road, Inc. (b) 72,188 630,201 
ANGI Homeservices, Inc. Class A (a)(b) 234,164 5,071,992 
AppFolio, Inc. (b) 53,537 4,572,060 
Apptio, Inc. Class A (b) 140,710 5,459,548 
Autoweb, Inc. (b) 46,143 159,655 
Benefitfocus, Inc. (a)(b) 107,573 4,743,969 
BlackLine, Inc. (a)(b) 176,458 9,309,924 
Box, Inc. Class A (a)(b) 572,401 14,058,169 
Bridgeline Digital, Inc. (b) 952 1,104 
Brightcove, Inc. (b) 142,686 1,170,025 
BroadVision, Inc. (b) 7,279 13,102 
Carbonite, Inc. (b) 142,269 5,911,277 
Care.com, Inc. (b) 69,638 1,353,066 
CarGurus, Inc. Class A (a) 48,282 2,381,268 
ChannelAdvisor Corp. (b) 110,549 1,442,664 
Cision Ltd. (a)(b) 260,243 4,713,001 
Cloudera, Inc. (a)(b) 388,032 5,824,360 
Cornerstone OnDemand, Inc. (b) 240,452 13,599,965 
Coupa Software, Inc. (b) 124,257 8,910,469 
Determine, Inc. (b) 71,459 58,239 
DHI Group, Inc. (b) 204,008 438,617 
DocuSign, Inc. (a) 92,453 5,772,765 
Dropbox, Inc. Class A (a)(b) 207,090 5,560,367 
DropCar, Inc. (a)(b) 9,790 7,049 
eGain Communications Corp. (b) 73,616 1,052,709 
Endurance International Group Holdings, Inc. (b) 358,723 3,461,677 
Envestnet, Inc. (a)(b) 202,403 12,791,870 
Etsy, Inc. (b) 482,738 23,504,513 
Five9, Inc. (a)(b) 246,048 11,822,606 
Fusion Connect, Inc. (a)(b) 100,564 372,087 
GlowPoint, Inc. (a)(b) 315,981 55,929 
GoDaddy, Inc. (b) 740,510 60,321,945 
Gogo, Inc. (a)(b) 264,954 1,189,643 
GrubHub, Inc. (a)(b) 402,893 58,060,910 
GTT Communications, Inc. (a)(b) 152,095 6,547,690 
Hortonworks, Inc. (b) 296,071 6,608,305 
IAC/InterActiveCorp (b) 348,213 68,667,604 
Instructure, Inc. (a)(b) 130,588 5,347,579 
Internap Network Services Corp. (a)(b) 59,742 801,738 
Inuvo, Inc. (b) 95,405 61,059 
iPass, Inc. (a)(b) 40,453 80,906 
Issuer Direct Corp. 35,231 484,426 
Izea Worldwide, Inc. (a)(b) 24,439 42,279 
j2 Global, Inc. (a) 218,104 18,008,847 
Leaf Group Ltd. (b) 63,831 705,333 
Limelight Networks, Inc. (b) 525,907 2,666,348 
Liquidity Services, Inc. (b) 94,355 679,356 
LivePerson, Inc. (b) 257,488 6,926,427 
LogMeIn, Inc. 231,236 19,874,734 
Marchex, Inc. Class B 110,863 319,285 
Marin Software, Inc. (a)(b) 10,816 36,234 
Match Group, Inc. (a)(b) 280,019 14,014,951 
MeetMe, Inc. (a)(b) 338,782 1,727,788 
MINDBODY, Inc. (a)(b) 132,963 4,932,927 
MongoDB, Inc. Class A (a) 107,602 7,743,040 
Net Element International, Inc. (a)(b) 15,603 96,271 
New Relic, Inc. (a)(b) 190,821 19,608,766 
Nutanix, Inc. Class A (b) 318,414 17,933,076 
Okta, Inc. (b) 333,092 20,595,078 
Pandora Media, Inc. (a)(b) 1,136,304 10,499,449 
Professional Diversity Network, Inc. (a)(b) 5,685 17,908 
Q2 Holdings, Inc. (a)(b) 156,722 9,763,781 
QuinStreet, Inc. (b) 165,257 2,506,949 
Qumu Corp. (b) 82,505 200,487 
Quotient Technology, Inc. (a)(b) 339,215 5,071,264 
Remark Holdings, Inc. (a)(b) 88,573 311,777 
SecureWorks Corp. (a)(b) 51,274 682,457 
SharpSpring, Inc. (b) 4,489 63,699 
ShotSpotter, Inc. (a)(b) 14,937 852,006 
Shutterstock, Inc. 83,363 4,588,300 
SPS Commerce, Inc. (b) 78,580 7,722,057 
Stamps.com, Inc. (b) 74,421 18,489,897 
Support.com, Inc. (b) 54,868 151,436 
Synacor, Inc. (a)(b) 119,442 229,926 
TechTarget, Inc. (a)(b) 91,845 2,203,362 
Telaria, Inc. (a)(b) 115,090 473,020 
The Trade Desk, Inc. (a)(b) 101,590 14,413,589 
Travelzoo, Inc. (b) 31,997 396,763 
TrueCar, Inc. (a)(b) 349,710 4,497,271 
Twilio, Inc. Class A (b) 343,255 27,686,948 
Veritone, Inc. (a)(b) 39,592 413,340 
Web.com Group, Inc. (b) 225,073 6,290,790 
XO Group, Inc. (b) 111,521 3,352,321 
Yelp, Inc. (a)(b) 341,931 16,111,789 
Yext, Inc. (a)(b) 297,956 7,407,186 
Zillow Group, Inc.:   
Class A (a)(b) 244,868 11,778,151 
Class C (a)(b) 530,658 25,816,512 
  709,383,689 
IT Services - 3.5%   
Acxiom Corp. (b) 346,135 15,814,908 
ALJ Regional Holdings, Inc. (b) 9,675 18,770 
Booz Allen Hamilton Holding Corp. Class A 648,080 33,155,773 
CACI International, Inc. Class A (b) 109,985 21,447,075 
Cass Information Systems, Inc. 45,228 3,235,159 
Computer Task Group, Inc. (b) 43,271 252,703 
Conduent, Inc. (b) 878,350 20,360,153 
Convergys Corp. 412,704 10,206,170 
CoreLogic, Inc. (b) 367,288 18,672,922 
CSG Systems International, Inc. 156,134 5,831,605 
CSP, Inc. 3,489 46,159 
Edgewater Technology, Inc. (b) 28,053 133,252 
EPAM Systems, Inc. (b) 225,925 32,291,460 
Euronet Worldwide, Inc. (a)(b) 229,811 22,475,516 
Everi Holdings, Inc. (b) 309,065 2,679,594 
EVERTEC, Inc. 269,766 6,487,872 
ExlService Holdings, Inc. (b) 152,820 9,792,706 
First Data Corp. Class A (b) 2,480,931 63,809,545 
Genpact Ltd. 671,734 20,581,930 
Hackett Group, Inc. 120,894 2,474,700 
Information Services Group, Inc. (b) 106,909 529,200 
Innodata, Inc. (b) 57,046 82,717 
Jack Henry & Associates, Inc. 346,707 54,932,257 
Leidos Holdings, Inc. 636,428 45,040,010 
ManTech International Corp. Class A 121,604 8,064,777 
Maximus, Inc. 291,106 19,358,549 
ModusLink Global Solutions, Inc. (b) 124,462 272,572 
MoneyGram International, Inc. (b) 141,146 918,860 
NIC, Inc. 297,143 4,992,002 
Perficient, Inc. (b) 163,968 4,710,801 
Perspecta, Inc. 635,230 14,775,450 
PFSweb, Inc. (a)(b) 68,404 588,958 
Presidio, Inc. (a) 145,431 2,198,917 
PRG-Schultz International, Inc. (b) 113,057 1,079,694 
Sabre Corp. 1,123,171 29,325,995 
Science Applications International Corp. 188,930 17,045,265 
ServiceSource International, Inc. (b) 310,800 991,452 
Square, Inc. (a)(b) 1,293,876 114,689,169 
StarTek, Inc. (a)(b) 45,478 275,597 
Sykes Enterprises, Inc. (b) 179,064 5,414,895 
Syntel, Inc. (b) 172,317 7,020,195 
Teradata Corp. (a)(b) 535,927 22,224,893 
Travelport Worldwide Ltd. 573,717 10,653,925 
Ttec Holdings, Inc. 70,995 1,860,069 
Unisys Corp. (a)(b) 229,721 4,272,811 
Virtusa Corp. (b) 125,755 7,326,486 
WEX, Inc. (b) 177,390 33,743,126 
WidePoint Corp. (b) 264,173 136,049 
Worldpay, Inc. (b) 1,327,578 129,292,821 
  831,585,484 
Semiconductors & Semiconductor Equipment - 2.7%   
Acacia Communications, Inc. (a)(b) 88,878 3,623,556 
Adesto Technologies Corp. (a)(b) 106,207 642,552 
Advanced Energy Industries, Inc. (b) 174,471 10,394,982 
AEHR Test Systems (b) 77,697 196,573 
Alpha & Omega Semiconductor Ltd. (b) 93,791 1,332,770 
Amkor Technology, Inc. (b) 564,220 4,925,641 
Amtech Systems, Inc. (a)(b) 53,049 291,239 
Aquantia Corp. (a)(b) 37,349 472,091 
Atomera, Inc. (a)(b) 35,732 192,595 
Axcelis Technologies, Inc. (b) 141,353 2,855,331 
AXT, Inc. (a)(b) 163,305 1,290,110 
Brooks Automation, Inc. 321,681 12,677,448 
Cabot Microelectronics Corp. 117,276 13,220,523 
Ceva, Inc. (b) 101,466 3,104,860 
Cirrus Logic, Inc. (a)(b) 270,017 11,867,247 
Cohu, Inc. 136,900 3,611,422 
Cree, Inc. (a)(b) 447,743 21,540,916 
CVD Equipment Corp. (a)(b) 12,659 81,651 
CyberOptics Corp. (a)(b) 31,816 709,497 
Cypress Semiconductor Corp. 1,589,845 27,361,232 
Diodes, Inc. (b) 171,896 6,518,296 
DSP Group, Inc. (b) 98,205 1,261,934 
Entegris, Inc. 631,248 21,399,307 
First Solar, Inc. (b) 364,124 18,963,578 
FormFactor, Inc. (b) 329,088 5,084,410 
GSI Technology, Inc. (b) 64,516 452,257 
Ichor Holdings Ltd. (a)(b) 108,787 2,820,847 
Impinj, Inc. (a)(b) 86,502 1,858,063 
Inphi Corp. (a)(b) 199,644 7,400,803 
Integrated Device Technology, Inc. (a)(b) 572,192 24,312,438 
Intermolecular, Inc. (b) 44,940 60,669 
Intest Corp. (b) 33,374 292,023 
Kopin Corp. (a)(b) 260,464 604,276 
Kulicke & Soffa Industries, Inc. 312,955 8,071,109 
Lattice Semiconductor Corp. (b) 587,755 4,813,713 
MACOM Technology Solutions Holdings, Inc. (a)(b) 181,099 4,174,332 
Marvell Technology Group Ltd. 2,597,123 53,708,504 
Maxim Integrated Products, Inc. 1,245,719 75,328,628 
MaxLinear, Inc. Class A (a)(b) 287,596 5,544,851 
MKS Instruments, Inc. 244,160 22,682,464 
Monolithic Power Systems, Inc. 172,955 25,920,766 
MoSys, Inc. (a)(b) 16,268 13,665 
Nanometrics, Inc. (b) 108,990 4,774,852 
NeoPhotonics Corp. (a)(b) 159,367 1,400,836 
NVE Corp. 22,079 2,509,941 
ON Semiconductor Corp. (b) 1,908,857 40,735,008 
PDF Solutions, Inc. (a)(b) 122,998 1,072,543 
Photronics, Inc. (b) 319,010 3,413,407 
Pixelworks, Inc. (b) 137,421 757,190 
Power Integrations, Inc. 131,006 9,609,290 
QuickLogic Corp. (a)(b) 362,578 395,210 
Rambus, Inc. (b) 490,859 5,998,297 
Rubicon Technology, Inc. (a)(b) 8,459 77,315 
Rudolph Technologies, Inc. (b) 142,377 3,958,081 
Semtech Corp. (b) 297,415 17,770,546 
Silicon Laboratories, Inc. (a)(b) 195,953 19,203,394 
SMART Global Holdings, Inc. (a)(b) 24,552 809,970 
SolarEdge Technologies, Inc. (a)(b) 169,300 8,117,935 
SunPower Corp. (a)(b) 277,488 1,864,719 
Synaptics, Inc. (a)(b) 152,567 7,362,883 
Teradyne, Inc. 852,655 35,120,859 
Ultra Clean Holdings, Inc. (b) 175,068 2,671,538 
Universal Display Corp. (a) 187,284 22,923,562 
Veeco Instruments, Inc. (b) 224,720 2,696,640 
Versum Materials, Inc. 493,451 19,634,415 
Xcerra Corp. (b) 245,849 3,559,894 
Xperi Corp. 215,562 3,384,323 
  631,501,817 
Software - 5.7%   
8x8, Inc. (b) 425,789 9,665,410 
A10 Networks, Inc. (b) 222,356 1,549,821 
ACI Worldwide, Inc. (a)(b) 532,148 15,118,325 
Agilysys, Inc. (b) 71,034 1,141,516 
Altair Engineering, Inc. Class A (b) 114,885 4,798,746 
American Software, Inc. Class A 136,738 2,458,549 
Appian Corp. Class A (a)(b) 70,144 2,450,130 
Aspen Technology, Inc. (b) 316,092 36,464,373 
Asure Software, Inc. (a)(b) 56,901 855,222 
Avaya Holdings Corp. (a)(b) 467,440 10,919,398 
Aware, Inc. (b) 24,042 85,349 
Black Knight, Inc. (b) 626,017 33,429,308 
Blackbaud, Inc. 216,943 22,685,730 
Bottomline Technologies, Inc. (b) 158,373 10,447,867 
BSQUARE Corp. (b) 35,232 81,034 
Cardlytics, Inc. (a)(b) 33,762 688,407 
CDK Global, Inc. 549,282 34,231,254 
Ceridian HCM Holding, Inc. (a) 96,980 3,733,730 
CommVault Systems, Inc. (b) 193,014 13,443,425 
Datawatch Corp. (b) 54,004 688,551 
Digimarc Corp. (a)(b) 51,774 1,529,922 
Digital Turbine, Inc. (a)(b) 234,348 328,087 
Ebix, Inc. 101,347 8,072,289 
Ellie Mae, Inc. (a)(b) 153,926 16,219,183 
Everbridge, Inc. (a)(b) 80,489 4,846,243 
Evolving Systems, Inc. (b) 27,005 61,436 
Fair Isaac Corp. (b) 132,117 30,516,385 
Finjan Holdings, Inc. (b) 50,868 223,311 
FireEye, Inc. (a)(b) 807,674 13,407,388 
Forescout Technologies, Inc. (b) 99,448 3,587,089 
Fortinet, Inc. (b) 644,919 54,018,415 
Globalscape, Inc. 28,877 114,064 
Glu Mobile, Inc. (b) 487,546 3,754,104 
GSE Systems, Inc. (b) 32,533 108,986 
Guidewire Software, Inc. (a)(b) 356,649 35,868,190 
HubSpot, Inc. (a)(b) 160,052 22,999,472 
Imperva, Inc. (b) 148,674 7,009,979 
Inseego Corp. (a)(b) 191,007 597,852 
Majesco (b) 51,570 368,726 
MAM Software Group, Inc. (b) 1,166 9,375 
Manhattan Associates, Inc. (a)(b) 297,348 17,243,211 
MicroStrategy, Inc. Class A (b) 44,348 6,607,852 
Mitek Systems, Inc. (a)(b) 151,799 1,100,543 
MobileIron, Inc. (b) 254,713 1,248,094 
Model N, Inc. (b) 118,318 2,011,406 
Monotype Imaging Holdings, Inc. 194,093 3,998,316 
NetSol Technologies, Inc. (b) 36,495 215,321 
Nuance Communications, Inc. (b) 1,215,134 19,830,987 
NXT-ID, Inc. (a)(b) 86,540 147,983 
Onespan, Inc. (b) 140,203 2,628,806 
Parametric Technology Corp. (b) 512,569 51,226,146 
Park City Group, Inc. (a)(b) 64,528 545,262 
Paycom Software, Inc. (a)(b) 216,789 33,628,310 
Paylocity Holding Corp. (a)(b) 122,902 9,763,335 
Pegasystems, Inc. 168,031 10,703,575 
Pivotal Software, Inc. (a) 176,475 4,897,181 
Pluralsight, Inc. (a) 95,559 3,265,251 
Progress Software Corp. 207,752 8,503,289 
Proofpoint, Inc. (b) 225,679 26,776,813 
PROS Holdings, Inc. (a)(b) 151,649 5,592,815 
QAD, Inc.:   
Class A 29,880 1,812,222 
Class B 23,915 1,134,767 
Qualys, Inc. (b) 147,719 13,449,815 
Rapid7, Inc. (b) 182,961 6,979,962 
RealNetworks, Inc. (b) 88,984 284,749 
RealPage, Inc. (b) 320,648 20,008,435 
Red Violet, Inc. (a)(b) 23,864 184,946 
RingCentral, Inc. (a)(b) 298,721 27,825,861 
Rosetta Stone, Inc. (b) 75,204 1,188,223 
RumbleON, Inc. Class B 7,424 63,624 
SailPoint Technologies Holding, Inc. (b) 288,199 8,913,995 
SeaChange International, Inc. (b) 123,967 204,546 
SendGrid, Inc. (b) 54,973 1,993,871 
ServiceNow, Inc. (b) 787,878 154,707,724 
ShiftPixy, Inc. (a)(b) 15,135 50,551 
SITO Mobile Ltd. (a)(b) 74,241 147,740 
Smartsheet, Inc. (a) 62,648 1,862,525 
Smith Micro Software, Inc. (a)(b) 65,744 163,045 
Snap, Inc. Class A (a)(b) 1,137,231 12,395,818 
Sonic Foundry, Inc. (a)(b) 55,955 96,802 
Splunk, Inc. (b) 647,285 82,949,573 
SS&C Technologies Holdings, Inc. 892,623 52,968,249 
Tableau Software, Inc. (a)(b) 303,365 33,934,409 
TeleNav, Inc. (b) 138,127 773,511 
The Rubicon Project, Inc. (b) 185,651 738,891 
TiVo Corp. 566,150 7,727,948 
Tyler Technologies, Inc. (a)(b) 158,771 39,208,498 
Ultimate Software Group, Inc. (a)(b) 129,249 40,024,538 
Upland Software, Inc. (b) 48,426 1,802,416 
Varonis Systems, Inc. (b) 89,746 6,632,229 
Verint Systems, Inc. (b) 288,088 13,986,672 
VirnetX Holding Corp. (a)(b) 224,849 753,244 
VMware, Inc. Class A (a)(b) 309,688 47,462,783 
Workday, Inc. Class A (a)(b) 652,657 100,861,613 
Workiva, Inc. (a)(b) 120,722 4,448,606 
Zedge, Inc. (b) 22,584 66,171 
Zendesk, Inc. (b) 465,206 32,048,041 
Zix Corp. (b) 274,741 1,524,813 
Zscaler, Inc. (a)(b) 64,761 2,771,123 
Zuora, Inc. (a) 52,810 1,456,500 
Zynga, Inc. (b) 3,489,348 14,515,688 
  1,358,635,874 
Technology Hardware, Storage & Peripherals - 0.3%   
3D Systems Corp. (a)(b) 503,689 10,250,071 
Astro-Med, Inc. 70,231 1,555,617 
Avid Technology, Inc. (a)(b) 150,202 889,196 
CPI Card Group (a)(b) 14,163 44,755 
Cray, Inc. (b) 177,191 3,845,045 
Diebold Nixdorf, Inc. (a) 339,412 1,612,207 
Eastman Kodak Co. (a)(b) 178,692 580,749 
Electronics for Imaging, Inc. (a)(b) 196,301 6,829,312 
Everspin Technologies, Inc. (a)(b) 33,541 310,254 
Immersion Corp. (b) 136,771 1,589,279 
Intevac, Inc. (b) 81,125 468,497 
NCR Corp. (a)(b) 523,702 14,878,374 
Pure Storage, Inc. Class A (a)(b) 536,371 14,396,198 
Qualstar Corp. (a)(b) 11,767 95,901 
Quantum Corp. (a)(b) 140,061 282,923 
Transact Technologies, Inc. 27,805 392,051 
U.S.A. Technologies, Inc. (b) 239,730 3,895,613 
  61,916,042 
TOTAL INFORMATION TECHNOLOGY  4,691,988,751 
MATERIALS - 5.0%   
Chemicals - 2.4%   
A. Schulman, Inc. rights (b)(d) 134,313 256,538 
Advanced Emissions Solutions, Inc. (a) 92,967 1,061,683 
AdvanSix, Inc. (b) 140,165 4,743,184 
AgroFresh Solutions, Inc. (a)(b) 114,965 764,517 
American Vanguard Corp. 117,647 2,576,469 
Ashland Global Holdings, Inc. 278,165 23,421,493 
Axalta Coating Systems Ltd. (b) 983,977 30,011,299 
Balchem Corp. (a) 143,906 15,957,736 
Cabot Corp. 277,404 18,009,068 
Celanese Corp. Class A 606,549 70,863,120 
Chase Corp. 32,571 4,037,175 
Core Molding Technologies, Inc. 29,730 272,624 
Ferro Corp. (b) 376,167 8,256,866 
Flotek Industries, Inc. (a)(b) 264,681 659,056 
FutureFuel Corp. 102,472 1,519,660 
H.B. Fuller Co. 224,309 12,783,370 
Hawkins, Inc. 43,033 1,777,263 
Huntsman Corp. 937,897 28,596,480 
Ingevity Corp. (b) 188,967 19,087,557 
Innophos Holdings, Inc. 91,648 4,005,934 
Innospec, Inc. 114,722 8,902,427 
Intrepid Potash, Inc. (b) 450,889 1,533,023 
KMG Chemicals, Inc. 53,527 4,147,272 
Koppers Holdings, Inc. (b) 95,695 3,392,388 
Kraton Performance Polymers, Inc. (b) 141,371 6,648,678 
Kronos Worldwide, Inc. 98,226 1,977,289 
Loop Industries, Inc. (a)(b) 1,840 18,179 
LSB Industries, Inc. (a)(b) 90,767 791,488 
MagneGas Corp. (b) 481 96 
Marrone Bio Innovations, Inc. (a)(b) 133,190 277,701 
Minerals Technologies, Inc. 158,189 10,622,391 
NewMarket Corp. (a) 42,029 16,855,310 
Northern Technologies International Corp. 5,699 204,024 
Olin Corp. 747,477 22,969,968 
OMNOVA Solutions, Inc. (b) 197,283 1,785,411 
Platform Specialty Products Corp. (b) 968,588 12,843,477 
PolyOne Corp. 361,186 15,263,720 
PQ Group Holdings, Inc. (a) 141,606 2,520,587 
Quaker Chemical Corp. 60,655 10,926,392 
Rayonier Advanced Materials, Inc. 237,501 4,963,771 
RPM International, Inc. 598,621 40,406,918 
Senomyx, Inc. (a)(b) 173,392 199,401 
Sensient Technologies Corp. (a) 189,772 13,477,607 
Stepan Co. 90,484 8,072,078 
The Chemours Co. LLC 792,438 34,550,297 
The Scotts Miracle-Gro Co. Class A 173,383 12,955,178 
Trecora Resources (b) 73,260 1,025,640 
Tredegar Corp. 118,547 2,602,107 
Trinseo SA 194,714 15,022,185 
Tronox Ltd. Class A 426,311 6,901,975 
Valhi, Inc. 96,973 320,011 
Valvoline, Inc. 872,050 18,766,516 
Venator Materials PLC 214,416 2,590,145 
W.R. Grace & Co. 299,273 21,146,630 
Westlake Chemical Corp. 160,857 15,212,246 
  568,553,618 
Construction Materials - 0.2%   
Eagle Materials, Inc. 211,268 19,506,374 
Forterra, Inc. (a)(b) 86,988 735,918 
Foundation Building Materials, Inc. (b) 59,843 826,432 
nVent Electric PLC 727,207 20,427,245 
Summit Materials, Inc. (a) 496,820 10,567,361 
Tecnoglass, Inc. (a) 22,511 210,928 
U.S. Concrete, Inc. (a)(b) 74,738 3,602,372 
United States Lime & Minerals, Inc. 10,066 763,909 
  56,640,539 
Containers & Packaging - 0.8%   
Aptargroup, Inc. 278,266 29,137,233 
Bemis Co., Inc. 405,500 19,983,040 
Berry Global Group, Inc. (b) 583,510 27,850,932 
Crown Holdings, Inc. (a)(b) 599,711 25,673,628 
Graphic Packaging Holding Co. 1,373,376 19,529,407 
Greif, Inc.:   
Class A 127,041 7,010,122 
Class B 6,373 362,305 
Myers Industries, Inc. 125,306 2,788,059 
Owens-Illinois, Inc. (b) 726,460 12,836,548 
Silgan Holdings, Inc. 332,687 9,065,721 
Sonoco Products Co. 444,581 24,914,319 
UFP Technologies, Inc. (b) 22,187 782,092 
  179,933,406 
Metals & Mining - 1.2%   
AK Steel Holding Corp. (a)(b) 1,414,277 6,279,390 
Alcoa Corp. (b) 776,561 34,688,980 
Allegheny Technologies, Inc. (a)(b) 557,008 15,055,926 
Ampco-Pittsburgh Corp. (b) 38,813 293,038 
Atkore International Group, Inc. (b) 182,585 4,999,177 
Carpenter Technology Corp. 209,937 12,526,941 
Century Aluminum Co. (a)(b) 227,020 2,864,992 
Cleveland-Cliffs, Inc. (a)(b) 1,327,574 13,342,119 
Coeur d'Alene Mines Corp. (a)(b) 857,086 4,868,248 
Commercial Metals Co. (a) 528,765 11,421,324 
Compass Minerals International, Inc. (a) 154,492 9,663,475 
Comstock Mining, Inc. (a)(b) 43,965 7,694 
Friedman Industries 25,968 268,249 
General Moly, Inc. (b) 199,078 77,640 
Gold Resource Corp. 254,210 1,311,724 
Golden Minerals Co. (a)(b) 162,066 44,374 
Haynes International, Inc. 54,352 2,141,469 
Hecla Mining Co. (a) 2,145,563 6,093,399 
Kaiser Aluminum Corp. 75,360 8,258,702 
Materion Corp. 88,833 5,667,545 
McEwen Mining, Inc. (a) 1,170,839 2,306,553 
Olympic Steel, Inc. 41,185 907,717 
Paramount Gold Nevada Corp. (a)(b) 22,322 22,992 
Pershing Gold Corp. (a)(b) 67,767 88,775 
Reliance Steel & Aluminum Co. 322,506 28,345,052 
Royal Gold, Inc. 293,926 22,414,797 
Ryerson Holding Corp. (b) 75,567 785,897 
Schnitzer Steel Industries, Inc. Class A (a) 129,052 3,400,520 
Solitario Exploration & Royalty Corp. (b) 56,754 21,464 
Steel Dynamics, Inc. 1,049,972 48,015,220 
SunCoke Energy, Inc. (b) 290,025 3,236,679 
Synalloy Corp. (a) 36,188 830,515 
TimkenSteel Corp. (a)(b) 177,269 2,483,539 
U.S. Antimony Corp. (b) 112,677 67,606 
U.S. Gold Corp. 271 309 
United States Steel Corp. 784,075 23,271,346 
Universal Stainless & Alloy Products, Inc. (b) 38,127 1,154,486 
Warrior Metropolitan Coal, Inc. (a) 193,102 4,644,103 
Worthington Industries, Inc. 195,706 9,115,985 
  290,987,961 
Paper & Forest Products - 0.4%   
Boise Cascade Co. 180,079 7,869,452 
Clearwater Paper Corp. (b) 73,623 2,138,748 
Domtar Corp. 285,301 14,521,821 
Kapstone Paper & Packaging Corp. 390,949 13,429,098 
Louisiana-Pacific Corp. 649,846 18,949,509 
Mercer International, Inc. (SBI) 214,087 3,789,340 
Neenah, Inc. 79,790 7,280,838 
P.H. Glatfelter Co. 192,702 3,705,659 
Resolute Forest Products (b) 407,572 5,604,115 
Schweitzer-Mauduit International, Inc. 137,070 5,577,378 
Verso Corp. (b) 152,411 4,784,181 
  87,650,139 
TOTAL MATERIALS  1,183,765,663 
REAL ESTATE - 8.0%   
Equity Real Estate Investment Trusts (REITs) - 7.5%   
Acadia Realty Trust (SBI) 372,096 10,612,178 
Agree Realty Corp. 142,365 8,124,771 
Alexander & Baldwin, Inc. 312,016 7,323,016 
Alexanders, Inc. 17,139 6,185,979 
American Assets Trust, Inc. 196,857 7,775,852 
American Campus Communities, Inc. 607,152 25,457,883 
American Homes 4 Rent Class A 1,135,265 26,338,148 
Americold Realty Trust 210,074 5,230,843 
Apple Hospitality (REIT), Inc. 977,818 17,258,488 
Armada Hoffler Properties, Inc. 218,174 3,401,333 
Ashford Hospitality Trust, Inc. 421,427 2,735,061 
Bluerock Residential Growth (REIT), Inc. (a) 97,765 966,896 
Braemar Hotels & Resorts, Inc. 138,266 1,596,972 
Brandywine Realty Trust (SBI) 796,532 13,349,876 
Brixmor Property Group, Inc. 1,346,958 24,541,575 
BRT Realty Trust 35,820 461,003 
Camden Property Trust (SBI) 409,530 38,929,922 
CareTrust (REIT), Inc. 361,368 6,667,240 
CatchMark Timber Trust, Inc. 220,765 2,768,393 
CBL & Associates Properties, Inc. (a) 772,823 3,446,791 
Cedar Realty Trust, Inc. 348,746 1,558,895 
Chatham Lodging Trust 215,213 4,616,319 
Chesapeake Lodging Trust 269,215 8,859,866 
CIM Commercial Trust Corp. 62,574 976,154 
City Office REIT, Inc. 163,548 2,111,405 
Clipper Realty, Inc. 58,110 708,942 
Colony NorthStar, Inc. (a) 2,210,417 13,549,856 
Columbia Property Trust, Inc. 544,617 13,114,377 
Community Healthcare Trust, Inc. 84,297 2,615,736 
Condor Hospitality Trust, Inc. 248 2,592 
CorEnergy Infrastructure Trust, Inc. (a) 53,602 2,006,323 
CorePoint Lodging, Inc. (b) 181,624 3,786,860 
CoreSite Realty Corp. 161,703 18,833,548 
Corporate Office Properties Trust (SBI) 466,030 14,344,403 
Corrections Corp. of America 534,554 13,839,603 
Cousins Properties, Inc. 1,862,664 17,415,908 
CubeSmart 813,933 24,865,653 
CyrusOne, Inc. 441,382 29,554,939 
DDR Corp. 679,563 9,507,086 
DiamondRock Hospitality Co. 898,155 10,741,934 
Douglas Emmett, Inc. 698,986 27,302,393 
Easterly Government Properties, Inc. 267,657 5,420,054 
EastGroup Properties, Inc. 155,987 15,172,855 
Education Realty Trust, Inc. 357,229 14,782,136 
Empire State Realty Trust, Inc. 606,613 10,670,323 
EPR Properties 289,117 20,290,231 
Equity Commonwealth (b) 541,840 17,371,390 
Equity Lifestyle Properties, Inc. 394,869 38,254,909 
Farmland Partners, Inc. (a) 178,574 1,260,732 
First Industrial Realty Trust, Inc. 546,807 17,749,355 
Forest City Realty Trust, Inc. Class A 1,196,795 30,099,394 
Four Corners Property Trust, Inc. 309,736 8,344,288 
Franklin Street Properties Corp. 492,298 4,218,994 
Front Yard Residential Corp. Class B 237,862 2,906,674 
Gaming & Leisure Properties 888,259 31,790,790 
Getty Realty Corp. 153,683 4,473,712 
Gladstone Commercial Corp. 160,908 3,203,678 
Gladstone Land Corp. (a) 65,467 896,898 
Global Medical REIT, Inc. (a) 86,806 830,733 
Global Net Lease, Inc. 340,989 7,396,051 
Global Self Storage, Inc. 69,168 293,272 
Government Properties Income Trust (a) 440,563 7,449,920 
Gramercy Property Trust 698,536 19,104,960 
Healthcare Realty Trust, Inc. 565,897 17,520,171 
Healthcare Trust of America, Inc. 919,938 26,282,629 
Hersha Hospitality Trust 176,585 4,167,406 
Highwoods Properties, Inc. (SBI) 456,089 22,685,867 
Hospitality Properties Trust (SBI) 739,283 21,431,814 
Hudson Pacific Properties, Inc. 699,512 23,671,486 
Independence Realty Trust, Inc. 384,410 3,970,955 
Industrial Logistics Properties Trust 93,306 2,245,875 
InfraReit, Inc. 177,881 3,715,934 
Investors Real Estate Trust 557,381 3,037,726 
Invitation Homes, Inc. 1,269,933 29,678,334 
iStar Financial, Inc. (a) 328,567 3,676,665 
JBG SMITH Properties 424,286 15,893,754 
Jernigan Capital, Inc. 77,285 1,546,473 
Kilroy Realty Corp. 439,609 32,153,002 
Kite Realty Group Trust 372,502 6,511,335 
Lamar Advertising Co. Class A 372,834 28,726,860 
LaSalle Hotel Properties (SBI) 491,874 17,269,696 
Lexington Corporate Properties Trust 974,247 9,099,467 
Liberty Property Trust (SBI) 652,680 28,554,750 
Life Storage, Inc. 204,530 19,962,128 
LTC Properties, Inc. 182,502 8,477,218 
Mack-Cali Realty Corp. 421,592 9,207,569 
MedEquities Realty Trust, Inc. 140,497 1,504,723 
Medical Properties Trust, Inc. 1,634,802 24,603,770 
Monmouth Real Estate Investment Corp. Class A 359,421 6,250,331 
National Health Investors, Inc. 188,801 14,962,479 
National Retail Properties, Inc. 682,478 31,455,411 
National Storage Affiliates Trust 250,833 7,113,624 
New Senior Investment Group, Inc. 361,016 2,288,841 
NexPoint Residential Trust, Inc. 105,661 3,412,850 
NorthStar Realty Europe Corp. 259,554 3,561,081 
Omega Healthcare Investors, Inc. (a) 884,743 29,240,756 
One Liberty Properties, Inc. 71,120 2,047,545 
Outfront Media, Inc. 628,891 12,496,064 
Paramount Group, Inc. 931,818 14,797,270 
Park Hotels & Resorts, Inc. 894,644 29,925,842 
Pebblebrook Hotel Trust (a) 304,800 11,768,328 
Pennsylvania Real Estate Investment Trust (SBI) 306,593 3,127,249 
Physicians Realty Trust 840,176 14,694,678 
Piedmont Office Realty Trust, Inc. Class A 585,487 11,616,062 
Plymouth Industrial REIT, Inc. 2,621 42,277 
Potlatch Corp. 270,196 13,050,467 
Power (REIT) (b) 1,204 7,284 
Preferred Apartment Communities, Inc. Class A 177,055 3,155,120 
PS Business Parks, Inc. 91,900 11,986,517 
QTS Realty Trust, Inc. Class A 230,116 10,523,205 
Ramco-Gershenson Properties Trust (SBI) 365,581 5,103,511 
Rayonier, Inc. 572,166 19,928,542 
Regional Health Properties, Inc. (b) 39,804 5,175 
Retail Opportunity Investments Corp. 508,249 10,032,835 
Retail Properties America, Inc. 988,866 12,588,264 
Rexford Industrial Realty, Inc. 406,788 13,220,610 
RLJ Lodging Trust 784,724 17,193,303 
Ryman Hospitality Properties, Inc. 228,284 20,255,639 
Sabra Health Care REIT, Inc. 799,559 18,853,601 
Safety Income and Growth, Inc. 45,219 746,114 
Saul Centers, Inc. 57,521 3,451,260 
Select Income REIT 303,418 6,235,240 
Senior Housing Properties Trust (SBI) 1,081,837 20,673,905 
Seritage Growth Properties (a) 117,633 6,055,747 
Sotherly Hotels, Inc. 41,362 304,838 
Spirit MTA REIT (a) 195,715 2,098,065 
Spirit Realty Capital, Inc. 1,871,385 15,663,492 
Stag Industrial, Inc. 466,598 13,470,684 
Store Capital Corp. 755,979 21,779,755 
Summit Hotel Properties, Inc. 480,511 6,597,416 
Sun Communities, Inc. 355,413 36,671,513 
Sunstone Hotel Investors, Inc. 997,120 16,731,674 
Tanger Factory Outlet Centers, Inc. (a) 427,343 10,281,873 
Taubman Centers, Inc. 273,065 17,642,730 
Terreno Realty Corp. 242,580 9,317,498 
The GEO Group, Inc. 547,300 13,885,001 
TIER REIT, Inc. 226,769 5,406,173 
UMH Properties, Inc. 171,977 2,744,753 
Uniti Group, Inc. (a) 732,806 15,257,021 
Universal Health Realty Income Trust (SBI) 64,392 4,909,890 
Urban Edge Properties 491,167 11,228,078 
Urstadt Biddle Properties, Inc. Class A 143,066 3,254,752 
VEREIT, Inc. 4,256,407 33,285,103 
Washington Prime Group, Inc. 852,809 6,600,742 
Washington REIT (SBI) 354,011 11,172,587 
Weingarten Realty Investors (SBI) 543,638 16,814,723 
Wheeler REIT, Inc. (a) 33,737 185,891 
Whitestone REIT Class B 177,576 2,422,137 
WP Carey, Inc. 480,202 31,971,849 
Xenia Hotels & Resorts, Inc. 486,556 11,803,849 
  1,774,431,082 
Real Estate Management & Development - 0.5%   
Altisource Asset Management Corp. (a)(b) 2,426 150,533 
Altisource Portfolio Solutions SA (a)(b) 52,112 1,883,849 
American Realty Investments, Inc. (a)(b) 1,984 33,530 
Boston Omaha Corp. (b) 14,617 379,457 
Consolidated-Tomoka Land Co. 23,748 1,490,899 
Forestar Group, Inc. (a)(b) 47,373 1,217,486 
FRP Holdings, Inc. (a)(b) 40,472 2,642,822 
Griffin Industrial Realty, Inc. 7,815 313,382 
HFF, Inc. 169,808 7,710,981 
Howard Hughes Corp. (b) 171,471 22,354,674 
InterGroup Corp. (b) 829 23,046 
J.W. Mays, Inc. (b) 15 552 
Jones Lang LaSalle, Inc. 201,104 30,672,382 
Kennedy-Wilson Holdings, Inc. 565,207 12,123,690 
Marcus & Millichap, Inc. (b) 69,555 2,532,498 
Maui Land & Pineapple, Inc. (a)(b) 29,867 379,311 
RE/MAX Holdings, Inc. 80,431 3,961,227 
Realogy Holdings Corp. (a) 573,287 12,262,609 
Redfin Corp. (a)(b) 301,086 5,964,514 
Retail Value, Inc. (b) 67,956 2,427,388 
Stratus Properties, Inc. (b) 12,564 381,946 
Tejon Ranch Co. (b) 78,871 1,753,302 
The St. Joe Co. (a)(b) 299,484 5,151,125 
Transcontinental Realty Investors, Inc. (b) 1,482 45,038 
Trinity Place Holdings, Inc. (b) 36,266 221,223 
VICI Properties, Inc. 307,534 6,430,536 
  122,508,000 
TOTAL REAL ESTATE  1,896,939,082 
TELECOMMUNICATION SERVICES - 0.9%   
Diversified Telecommunication Services - 0.3%   
Alaska Communication Systems Group, Inc. (b) 193,163 380,531 
Atlantic Tele-Network, Inc. 48,210 3,530,418 
Bandwidth, Inc. (b) 21,076 960,223 
Cincinnati Bell, Inc. (a)(b) 249,327 3,241,251 
Cogent Communications Group, Inc. 191,000 10,447,700 
Consolidated Communications Holdings, Inc. (a) 281,112 3,319,933 
Frontier Communications Corp. (a) 338,667 1,761,068 
Globalstar, Inc. (a)(b) 1,855,563 946,152 
IDT Corp. Class B 87,883 464,901 
Iridium Communications, Inc. (a)(b) 370,667 7,506,007 
Ooma, Inc. (a)(b) 84,984 1,359,744 
ORBCOMM, Inc. (a)(b) 350,299 3,779,726 
Pareteum Corp. (a)(b) 235,335 649,525 
PDVWireless, Inc. (a)(b) 45,082 1,354,714 
Vonage Holdings Corp. (b) 968,785 13,737,371 
WideOpenWest, Inc. (a)(b) 109,124 1,271,295 
Windstream Holdings, Inc. (a)(b) 177,891 837,867 
Zayo Group Holdings, Inc. (b) 831,613 28,823,707 
  84,372,133 
Wireless Telecommunication Services - 0.6%   
Airgain, Inc. (a)(b) 23,662 281,578 
Boingo Wireless, Inc. (b) 185,532 6,137,399 
NII Holdings, Inc. (a)(b) 448,686 2,575,458 
Shenandoah Telecommunications Co. 213,485 8,144,453 
Spok Holdings, Inc. 116,484 1,788,029 
Sprint Corp. (a)(b) 3,031,680 18,523,565 
T-Mobile U.S., Inc. (b) 1,310,242 86,528,382 
Telephone & Data Systems, Inc. 415,942 12,494,898 
U.S. Cellular Corp. (b) 72,809 3,113,313 
  139,587,075 
TOTAL TELECOMMUNICATION SERVICES  223,959,208 
UTILITIES - 2.5%   
Electric Utilities - 0.8%   
Allete, Inc. 232,015 17,419,686 
El Paso Electric Co. 185,600 11,377,280 
Genie Energy Ltd. Class B 64,409 348,453 
Hawaiian Electric Industries, Inc. 486,223 17,149,085 
IDACORP, Inc. 225,642 22,079,070 
MGE Energy, Inc. 163,374 10,692,828 
OGE Energy Corp. 874,119 32,193,803 
Otter Tail Corp. 182,270 8,730,733 
PNM Resources, Inc. 364,146 14,183,487 
Portland General Electric Co. (a) 398,302 18,481,213 
Spark Energy, Inc. Class A, (a) 72,291 636,161 
Vistra Energy Corp. (a)(b) 1,649,766 38,835,492 
  192,127,291 
Gas Utilities - 0.9%   
Atmos Energy Corp. 489,909 45,184,307 
Chesapeake Utilities Corp. 75,906 6,527,916 
National Fuel Gas Co. (a) 382,293 21,228,730 
New Jersey Resources Corp. 387,559 17,672,690 
Northwest Natural Gas Co. 133,892 8,689,591 
ONE Gas, Inc. (a) 235,681 18,508,029 
RGC Resources, Inc. 49,903 1,343,888 
South Jersey Industries, Inc. (a) 390,004 12,940,333 
Southwest Gas Holdings, Inc. 217,009 16,779,136 
Spire, Inc. 224,778 16,757,200 
UGI Corp. 763,437 41,263,770 
  206,895,590 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Yield, Inc.:   
Class A 157,222 3,095,701 
Class C 315,291 6,258,526 
Ormat Technologies, Inc. 164,658 8,669,244 
Pattern Energy Group, Inc. (a) 392,135 7,991,711 
Terraform Power, Inc. 261,899 2,928,031 
  28,943,213 
Multi-Utilities - 0.4%   
Avangrid, Inc. 251,188 12,393,616 
Avista Corp. 290,526 14,906,889 
Black Hills Corp. (a) 238,151 14,015,186 
MDU Resources Group, Inc. 870,570 24,280,197 
NorthWestern Energy Corp. 218,961 13,128,902 
Unitil Corp. 67,222 3,398,072 
Vectren Corp. 366,890 26,122,568 
  108,245,430 
Water Utilities - 0.3%   
American States Water Co. 166,324 10,050,959 
Aqua America, Inc. 801,730 29,808,321 
AquaVenture Holdings Ltd. (a)(b) 59,399 1,079,874 
Artesian Resources Corp. Class A 37,388 1,343,351 
Cadiz, Inc. (a)(b) 98,444 945,062 
California Water Service Group 224,474 9,237,105 
Connecticut Water Service, Inc. 58,641 4,017,495 
Middlesex Water Co. 73,108 3,348,346 
Pure Cycle Corp. (b) 68,372 769,185 
Select Energy Services, Inc. Class A (b) 262,669 3,585,432 
SJW Corp. 75,793 4,389,173 
York Water Co. 56,219 1,692,192 
  70,266,495 
TOTAL UTILITIES  606,478,019 
TOTAL COMMON STOCKS   
(Cost $15,861,077,429)  23,719,306,132 
 Principal Amount Value 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 2.07% 1/3/19 (e)   
(Cost $4,964,660) 5,000,000 4,964,330 
 Shares Value 
Money Market Funds - 16.5%   
Fidelity Cash Central Fund, 1.97% (f) 107,959,445 $107,981,037 
Fidelity Securities Lending Cash Central Fund 1.98% (f)(g) 3,803,419,382 3,803,799,724 
TOTAL MONEY MARKET FUNDS   
(Cost $3,911,786,459)  3,911,780,761 
TOTAL INVESTMENT IN SECURITIES - 116.4%   
(Cost $19,777,828,548)  27,636,051,223 
NET OTHER ASSETS (LIABILITIES) - (16.4)%  (3,892,793,524) 
NET ASSETS - 100%  $23,743,257,699 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini Russell 2000 Index Contracts (United States) 231 Sept. 2018 $20,103,930 $926,979 $926,979 
CME E-mini S&P MidCap 400 Index Contracts (United States) 65 Sept. 2018 13,296,400 533,751 533,751 
TOTAL FUTURES CONTRACTS     $1,460,730 

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) 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 $0 or 0.0% of net assets.

 (d) Level 3 security

 (e) 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 $4,834,265.

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $648,100 
Fidelity Securities Lending Cash Central Fund 17,104,970 
Total $17,753,070 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $3,349,752,384 $3,349,752,384 $-- $-- 
Consumer Staples 666,601,674 666,601,674 -- -- 
Energy 1,019,687,266 1,019,687,266 -- -- 
Financials 3,862,381,265 3,862,381,265 -- -- 
Health Care 3,020,157,435 3,017,919,341 -- 2,238,094 
Industrials 3,197,595,385 3,197,595,385 -- -- 
Information Technology 4,691,988,751 4,691,988,751 -- -- 
Materials 1,183,765,663 1,183,509,125 -- 256,538 
Real Estate 1,896,939,082 1,896,939,082 -- -- 
Telecommunication Services 223,959,208 223,959,208 -- -- 
Utilities 606,478,019 606,478,019 -- -- 
U.S. Government and Government Agency Obligations 4,964,330 -- 4,964,330 -- 
Money Market Funds 3,911,780,761 3,911,780,761 -- -- 
Total Investments in Securities: $27,636,051,223 $27,628,592,261 $4,964,330 $2,494,632 
Derivative Instruments:     
Assets     
Futures Contracts $1,460,730 $1,460,730 $-- $-- 
Total Assets $1,460,730 $1,460,730 $-- $-- 
Total Derivative Instruments: $1,460,730 $1,460,730 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $1,460,730 $0 
Total Equity Risk 1,460,730 0 
Total Value of Derivatives $1,460,730 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Fidelity® Extended Market Index Fund

Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $3,718,613,875) — See accompanying schedule:
Unaffiliated issuers (cost $15,866,042,089) 		$23,724,270,462  
Fidelity Central Funds (cost $3,911,786,459) 3,911,780,761  
Total Investment in Securities (cost $19,777,828,548)  $27,636,051,223 
Receivable for fund shares sold  27,135,728 
Dividends receivable  16,220,131 
Distributions receivable from Fidelity Central Funds  2,491,973 
Receivable for daily variation margin on futures contracts  369,589 
Other receivables  521,688 
Total assets  27,682,790,332 
Liabilities   
Payable to custodian bank $1,002,169  
Payable for investments purchased 25,258,948  
Payable for fund shares redeemed 107,781,491  
Accrued management fee 874,191  
Other payables and accrued expenses 487,606  
Collateral on securities loaned 3,804,128,228  
Total liabilities  3,939,532,633 
Net Assets  $23,743,257,699 
Net Assets consist of:   
Paid in capital  $14,755,154,514 
Undistributed net investment income  176,619,382 
Accumulated undistributed net realized gain (loss) on investments  951,800,398 
Net unrealized appreciation (depreciation) on investments  7,859,683,405 
Net Assets  $23,743,257,699 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($678,899,018 ÷ 9,716,114 shares)  $69.87 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($20,176,007,521 ÷ 288,727,041 shares)  $69.88 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,888,351,160 ÷ 41,343,882 shares)  $69.86 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $166,578,276 
Interest  36,888 
Income from Fidelity Central Funds (including $17,104,970 from security lending)  17,753,070 
Total income  184,368,234 
Expenses   
Management fee $5,064,112  
Transfer agent fees 2,085,138  
Independent trustees' fees and expenses 55,951  
Commitment fees 30,258  
Total expenses before reductions 7,235,459  
Expense reductions (9,943)  
Total expenses after reductions  7,225,516 
Net investment income (loss)  177,142,718 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 1,005,864,804  
Fidelity Central Funds (45,448)  
Futures contracts 7,002,750  
Total net realized gain (loss)  1,012,822,106 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,638,883,596  
Fidelity Central Funds (5,698)  
Futures contracts 2,859,263  
Total change in net unrealized appreciation (depreciation)  1,641,737,161 
Net gain (loss)  2,654,559,267 
Net increase (decrease) in net assets resulting from operations  $2,831,701,985 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $177,142,718 $273,456,537 
Net realized gain (loss) 1,012,822,106 745,065,670 
Change in net unrealized appreciation (depreciation) 1,641,737,161 1,344,378,810 
Net increase (decrease) in net assets resulting from operations 2,831,701,985 2,362,901,017 
Distributions to shareholders from net investment income (19,801,270) (264,767,116) 
Distributions to shareholders from net realized gain – (891,671,964) 
Total distributions (19,801,270) (1,156,439,080) 
Share transactions - net increase (decrease) (327,974,128) 795,717,146 
Total increase (decrease) in net assets 2,483,926,587 2,002,179,083 
Net Assets   
Beginning of period 21,259,331,112 19,257,152,029 
End of period $23,743,257,699 $21,259,331,112 
Other Information   
Undistributed net investment income end of period $176,619,382 $19,277,934 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Extended Market Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $61.69 $58.10 $46.00 $57.40 $55.29 $43.12 
Income from Investment Operations       
Net investment income (loss)B .51 .79 .77 .75 .74 .67 
Net realized and unrealized gain (loss) 7.72 6.25 14.00 (8.99) 3.62 13.09 
Total from investment operations 8.23 7.04 14.77 (8.24) 4.36 13.76 
Distributions from net investment income (.05) (.77) (.74) (.71) (.70) (.54) 
Distributions from net realized gain – (2.67) (1.93) (2.45) (1.55) (1.06) 
Total distributions (.05) (3.45)C (2.67) (3.16) (2.25) (1.60) 
Redemption fees added to paid in capitalB – – –D –D –D .01 
Net asset value, end of period $69.87 $61.69 $58.10 $46.00 $57.40 $55.29 
Total ReturnE,F 13.35% 12.29% 32.50% (14.86)% 8.23% 32.38% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .09%I .10% .10% .10% .10% .10% 
Expenses net of fee waivers, if any .09%I .10% .10% .10% .10% .10% 
Expenses net of all reductions .09%I .10% .10% .10% .10% .10% 
Net investment income (loss) 1.55%I 1.32% 1.47% 1.39% 1.36% 1.35% 
Supplemental Data       
Net assets, end of period (000 omitted) $678,899 $688,756 $815,223 $1,392,793 $1,992,558 $1,803,152 
Portfolio turnover rateJ 11%I,K 11% 12% 12%K 7% 14% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $3.45 per share is comprised of distributions from net investment income of $.774 and distributions from net realized gain of $2.674 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity Extended Market Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $61.70 $58.11 $46.00 $57.40 $55.30 $43.12 
Income from Investment Operations       
Net investment income (loss)B .51 .81 .80 .77 .76 .68 
Net realized and unrealized gain (loss) 7.73 6.25 13.99 (8.99) 3.61 13.11 
Total from investment operations 8.24 7.06 14.79 (8.22) 4.37 13.79 
Distributions from net investment income (.06) (.79) (.75) (.73) (.72) (.56) 
Distributions from net realized gain – (2.67) (1.93) (2.45) (1.55) (1.06) 
Total distributions (.06) (3.47)C (2.68) (3.18) (2.27) (1.62) 
Redemption fees added to paid in capitalB – – –D –D –D .01 
Net asset value, end of period $69.88 $61.70 $58.11 $46.00 $57.40 $55.30 
Total ReturnE,F 13.36% 12.32% 32.56% (14.83)% 8.24% 32.44% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .07%I .07% .07% .07% .07% .07% 
Expenses net of fee waivers, if any .07%I .07% .07% .07% .07% .07% 
Expenses net of all reductions .07%I .07% .07% .07% .07% .07% 
Net investment income (loss) 1.57%I 1.35% 1.49% 1.42% 1.39% 1.38% 
Supplemental Data       
Net assets, end of period (000 omitted) $20,176,008 $17,585,375 $16,222,551 $11,837,818 $13,356,931 $12,280,754 
Portfolio turnover rateJ 11%I,K 11% 12% 12%K 7% 14% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $3.47 per share is comprised of distributions from net investment income of $.793 and distributions from net realized gain of $2.674 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity Extended Market Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $61.68 $58.09 $45.99 $57.39 $55.28 $43.11 
Income from Investment Operations       
Net investment income (loss)B .52 .83 .81 .76 .76 .72 
Net realized and unrealized gain (loss) 7.72 6.24 13.98 (8.98) 3.63 13.06 
Total from investment operations 8.24 7.07 14.79 (8.22) 4.39 13.78 
Distributions from net investment income (.06) (.81) (.76) (.73) (.72) (.56) 
Distributions from net realized gain – (2.67) (1.93) (2.45) (1.55) (1.06) 
Total distributions (.06) (3.48) (2.69) (3.18) (2.28)C (1.62) 
Redemption fees added to paid in capitalB – – –D –D –D .01 
Net asset value, end of period $69.86 $61.68 $58.09 $45.99 $57.39 $55.28 
Total ReturnE,F 13.37% 12.35% 32.58% (14.83)% 8.27% 32.44% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .05%I .05% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .05%I .05% .05% .06% .06% .06% 
Expenses net of all reductions .05%I .05% .05% .06% .06% .06% 
Net investment income (loss) 1.59%I 1.37% 1.52% 1.43% 1.40% 1.39% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,888,351 $2,985,201 $2,219,377 $1,109,249 $754,325 $95,747 
Portfolio turnover rateJ 11%I,K 11% 12% 12%K 7% 14% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $2.28. per share is comprised of distributions from net investment income of $.722 and distributions from net realized gain of $1.553 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity® International Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.8 
Novartis AG (Switzerland, Pharmaceuticals) 1.2 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 1.2 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 1.2 
Total SA (France, Oil, Gas & Consumable Fuels) 1.0 
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) 1.0 
Toyota Motor Corp. (Japan, Automobiles) 1.0 
BP PLC (United Kingdom, Oil, Gas & Consumable Fuels) 1.0 
Royal Dutch Shell PLC Class B (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) 0.9 
SAP SE (Germany, Software) 0.8 
 11.1 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Financials 19.1 
Industrials 13.5 
Consumer Discretionary 12.0 
Consumer Staples 11.3 
Health Care 11.2 
Materials 7.8 
Information Technology 7.0 
Energy 6.1 
Telecommunication Services 3.7 
Real Estate 3.6 

Geographic Diversification (% of fund's net assets)

As of August 31, 2018 
   Japan 23.8% 
   United Kingdom 15.7% 
   France 10.2% 
   Germany 9.4% 
   Switzerland 8.2% 
   Australia 6.7% 
   Netherlands 4.5% 
   Spain 2.9% 
   Sweden 2.6% 
   Other* 16.0% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and include the effect of foreign currency contracts, futures contracts, options and swaps, as applicable. Foreign currency contracts and other assets and liabilities are included within the United States of America, as applicable.

Fidelity® International Index Fund

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.9%   
 Shares Value 
Australia - 6.7%   
AGL Energy Ltd. 1,018,115 $15,209,357 
Alumina Ltd. 3,800,444 7,868,561 
Amcor Ltd. 1,796,238 18,465,812 
AMP Ltd. 4,551,496 10,928,715 
APA Group unit 1,835,900 13,198,285 
Aristocrat Leisure Ltd. 890,934 20,233,157 
ASX Ltd. 300,769 14,625,312 
Aurizon Holdings Ltd. 3,095,069 9,345,189 
Australia & New Zealand Banking Group Ltd. 4,521,667 95,893,479 
Bank of Queensland Ltd. 616,785 5,094,743 
Bendigo & Adelaide Bank Ltd. 755,910 6,298,281 
BHP Billiton Ltd. 4,992,196 119,924,437 
BlueScope Steel Ltd. 861,181 10,716,673 
Boral Ltd. 1,830,136 9,209,793 
Brambles Ltd. 2,469,098 19,472,129 
Caltex Australia Ltd. 406,245 8,822,816 
Challenger Ltd. 849,993 6,617,779 
Cimic Group Ltd. 150,508 5,332,106 
Coca-Cola Amatil Ltd. 792,074 5,346,873 
Cochlear Ltd. 89,468 13,880,585 
Commonwealth Bank of Australia 2,735,082 140,075,682 
Computershare Ltd. 719,014 9,934,802 
Crown Ltd. 591,377 6,037,001 
CSL Ltd. 703,122 114,899,387 
DEXUS Property Group unit 1,574,437 12,133,569 
Dominos Pizza Enterprises Ltd. 96,331 3,746,552 
Flight Centre Travel Group Ltd. (a) 86,432 3,629,983 
Fortescue Metals Group Ltd. 2,404,772 6,638,556 
Goodman Group unit 2,517,547 19,365,551 
Harvey Norman Holdings Ltd. (a) 877,187 2,270,195 
Healthscope Ltd. 2,705,933 4,260,197 
Incitec Pivot Ltd. 2,590,532 7,300,347 
Insurance Australia Group Ltd. 3,686,785 20,461,318 
Lendlease Group unit 906,979 13,360,037 
Macquarie Group Ltd. 502,510 46,746,324 
Medibank Private Ltd. 4,291,983 9,379,940 
Mirvac Group unit 5,728,036 10,006,461 
National Australia Bank Ltd. 4,231,743 86,538,467 
Newcrest Mining Ltd. 1,190,194 16,590,675 
Orica Ltd. 584,928 7,396,678 
Origin Energy Ltd. (b) 2,725,281 15,575,676 
QBE Insurance Group Ltd. 2,110,795 16,707,130 
Ramsay Health Care Ltd. 220,651 8,835,468 
realestate.com.au Ltd. 81,828 5,360,827 
Rio Tinto Ltd. 641,240 33,532,226 
Santos Ltd. (b) 2,751,755 13,412,445 
Scentre Group unit 8,279,689 24,463,823 
SEEK Ltd. 514,636 8,287,369 
Sonic Healthcare Ltd. 625,796 11,782,481 
South32 Ltd. 8,029,027 20,086,795 
SP AusNet 2,825,766 3,341,724 
Stockland Corp. Ltd. unit 3,767,179 11,184,969 
Suncorp Group Ltd. 2,017,185 22,462,890 
Sydney Airport unit 1,722,626 8,928,834 
Tabcorp Holdings Ltd. 2,976,151 10,269,864 
Telstra Corp. Ltd. 6,468,497 14,415,628 
The GPT Group unit 2,797,418 10,397,200 
TPG Telecom Ltd. 585,083 3,634,124 
Transurban Group unit 3,443,635 29,856,088 
Treasury Wine Estates Ltd. 1,116,551 15,628,345 
Vicinity Centers unit 5,079,917 10,115,908 
Wesfarmers Ltd. 1,761,886 65,167,591 
Westpac Banking Corp. 5,320,411 109,270,215 
Woodside Petroleum Ltd. 1,454,836 38,561,655 
Woolworths Group Ltd. 2,040,276 41,509,150 
TOTAL AUSTRALIA  1,510,044,229 
Austria - 0.2%   
Andritz AG 112,920 6,684,666 
Erste Group Bank AG 466,645 18,562,626 
OMV AG 228,867 12,121,946 
Raiffeisen International Bank-Holding AG 230,092 6,543,443 
Voestalpine AG 179,181 8,036,515 
TOTAL AUSTRIA  51,949,196 
Bailiwick of Jersey - 1.2%   
Experian PLC 1,426,924 35,518,764 
Ferguson PLC 364,883 29,239,379 
Glencore Xstrata PLC 17,936,617 72,912,689 
Randgold Resources Ltd. 147,084 9,598,860 
Shire PLC 1,420,435 83,082,615 
WPP PLC 1,965,433 32,596,042 
TOTAL BAILIWICK OF JERSEY  262,948,349 
Belgium - 1.0%   
Ageas 290,427 15,028,504 
Anheuser-Busch InBev SA NV 1,184,174 110,415,922 
Colruyt NV 92,962 5,524,769 
Groupe Bruxelles Lambert SA 125,144 13,131,585 
KBC Groep NV 390,399 27,733,125 
Proximus 234,652 5,405,228 
Solvay SA Class A 115,035 15,308,856 
Telenet Group Holding NV 82,098 4,488,406 
UCB SA 196,267 17,942,861 
Umicore SA 326,571 18,210,393 
TOTAL BELGIUM  233,189,649 
Bermuda - 0.3%   
Cheung Kong Infrastructure Holdings Ltd. 1,024,450 7,492,076 
Dairy Farm International Holdings Ltd. 520,734 4,827,204 
Hongkong Land Holdings Ltd. 1,826,200 12,637,304 
Jardine Matheson Holdings Ltd. 342,900 21,643,848 
Jardine Strategic Holdings Ltd. 344,900 12,519,870 
Kerry Properties Ltd. 1,001,181 3,794,889 
Li & Fung Ltd. 9,085,246 2,581,315 
NWS Holdings Ltd. 2,425,104 4,319,535 
Shangri-La Asia Ltd. 1,983,380 3,057,671 
Yue Yuen Industrial (Holdings) Ltd. 1,136,500 3,149,403 
TOTAL BERMUDA  76,023,115 
Cayman Islands - 0.7%   
ASM Pacific Technology Ltd. 468,829 4,945,888 
Cheung Kong Property Holdings Ltd. 4,022,925 28,677,516 
CK Hutchison Holdings Ltd. 4,196,425 48,360,139 
Melco Crown Entertainment Ltd. sponsored ADR 384,406 9,179,615 
MGM China Holdings Ltd. 1,472,400 2,776,432 
Minth Group Ltd. 1,152,000 4,718,815 
Sands China Ltd. 3,777,200 18,431,822 
WH Group Ltd. (c) 13,630,000 10,280,567 
Wharf Real Estate Investment Co. Ltd. 1,872,585 12,418,289 
Wynn Macau Ltd. 2,411,600 6,713,612 
TOTAL CAYMAN ISLANDS  146,502,695 
Denmark - 1.7%   
A.P. Moller - Maersk A/S:   
Series A 5,826 8,386,748 
Series B 10,187 15,787,727 
Carlsberg A/S Series B 165,856 20,247,128 
Christian Hansen Holding A/S 153,762 15,610,355 
Coloplast A/S Series B 184,194 19,715,200 
Danske Bank A/S 1,113,982 32,774,890 
DONG Energy A/S (c) 293,255 18,539,057 
DSV de Sammensluttede Vognmaend A/S 294,294 27,577,174 
Genmab A/S (b) 95,477 16,516,917 
H Lundbeck A/S 107,855 6,328,013 
ISS Holdings A/S 260,339 9,088,475 
Novo Nordisk A/S Series B 2,823,887 139,009,171 
Novozymes A/S Series B 340,577 18,666,984 
Pandora A/S 173,834 10,385,866 
Tryg A/S 187,575 4,608,909 
Vestas Wind Systems A/S 303,678 21,160,335 
William Demant Holding A/S (b) 160,902 6,544,113 
TOTAL DENMARK  390,947,062 
Finland - 1.1%   
Elisa Corp. (A Shares) 221,679 9,482,017 
Fortum Corp. 688,715 17,427,485 
Kone Oyj (B Shares) 526,675 28,433,331 
Metso Corp. 164,586 5,779,057 
Neste Oyj 199,006 17,278,517 
Nokia Corp. 8,751,233 48,843,435 
Nokian Tyres PLC 180,841 7,462,343 
Orion Oyj (B Shares) 162,584 5,976,743 
Sampo Oyj (A Shares) 688,963 35,243,387 
Stora Enso Oyj (R Shares) 854,879 15,911,543 
UPM-Kymmene Corp. 829,933 31,983,045 
Wartsila Corp. 689,568 14,559,568 
TOTAL FINLAND  238,380,471 
France - 10.0%   
Accor SA 292,060 14,611,273 
Aeroports de Paris 46,207 10,153,063 
Air Liquide SA 345,711 43,539,319 
Alstom SA 241,665 10,659,481 
Amundi SA (c) 93,933 6,770,933 
Arkema SA 107,007 13,402,084 
Atos Origin SA 147,980 17,726,435 
AXA SA 3,016,163 76,009,699 
BIC SA 39,700 3,675,022 
bioMerieux SA 64,931 5,705,407 
BNP Paribas SA 1,746,779 102,554,679 
Bollore SA 1,361,283 6,516,371 
Bouygues SA 339,464 14,985,069 
Bureau Veritas SA 412,086 10,590,200 
Capgemini SA 249,143 32,028,096 
Carrefour SA 925,089 16,504,261 
Casino Guichard Perrachon SA (a) 86,581 2,744,625 
CNP Assurances 268,565 6,194,211 
Compagnie de St. Gobain 773,733 33,362,479 
Credit Agricole SA 1,772,989 24,258,997 
Danone SA 956,997 75,363,419 
Dassault Aviation SA 3,902 7,260,382 
Dassault Systemes SA 202,434 32,802,547 
Edenred SA 366,110 13,951,509 
EDF SA (b) 200,740 3,287,756 
EDF SA 716,383 11,733,052 
Eiffage SA 124,192 13,977,353 
ENGIE 2,837,257 41,594,961 
Essilor International SA 323,463 46,669,638 
Eurazeo SA 72,628 5,513,413 
Eutelsat Communications 272,542 6,453,604 
Faurecia SA 118,728 7,273,798 
Fonciere des Regions 58,341 6,098,124 
Gecina SA 71,260 12,233,555 
Groupe Eurotunnel SA 728,586 9,175,912 
Hermes International SCA 49,235 32,015,165 
ICADE 51,343 5,009,076 
Iliad SA 41,147 5,315,842 
Imerys SA 55,256 3,970,167 
Ingenico SA 92,704 6,514,477 
Ipsen SA 58,714 10,437,521 
JCDecaux SA 116,837 3,848,854 
Kering SA 117,763 63,972,513 
Klepierre SA 318,510 11,424,054 
L'Oreal SA (b) 201,944 48,451,823 
L'Oreal SA 190,920 45,806,868 
Legrand SA 414,394 31,217,409 
LVMH Moet Hennessy - Louis Vuitton SA 432,335 151,555,637 
Michelin CGDE Series B 264,976 31,362,211 
Natixis SA 1,463,302 9,766,535 
Orange SA 3,099,698 50,182,945 
Pernod Ricard SA 329,900 52,078,674 
Peugeot Citroen SA 914,421 25,155,516 
Publicis Groupe SA 322,760 20,717,795 
Remy Cointreau SA 35,192 4,930,488 
Remy Cointreau SA rights (b) 35,785 68,537 
Renault SA 298,759 25,731,411 
Rexel SA 470,786 7,404,599 
Safran SA 518,482 67,585,283 
Sanofi SA 1,747,401 150,055,215 
Schneider Electric SA 848,686 68,968,402 
SCOR SE 253,119 10,232,391 
SEB SA 35,195 6,560,927 
Societe Generale Series A 1,192,759 48,840,282 
Sodexo SA 55,922 5,823,856 
Sodexo SA (b) 84,696 8,820,452 
SR Teleperformance SA 89,633 17,218,869 
Suez Environnement SA 578,829 8,368,213 
Thales SA 165,439 23,303,243 
Total SA 3,719,055 233,213,942 
Ubisoft Entertainment SA (b) 121,581 13,076,656 
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit 214,822 45,133,189 
Valeo SA 373,548 16,957,933 
Veolia Environnement SA 834,174 17,583,737 
VINCI SA 787,697 75,268,076 
Vivendi SA 1,615,835 41,919,224 
Wendel SA 43,222 6,401,684 
TOTAL FRANCE  2,257,650,418 
Germany - 8.9%   
adidas AG 292,657 73,001,877 
Allianz SE 684,160 145,823,122 
Axel Springer Verlag AG 75,028 5,451,756 
BASF AG 1,427,574 131,915,747 
Bayer AG 1,449,321 135,257,001 
Bayerische Motoren Werke AG (BMW) 514,753 49,837,437 
Beiersdorf AG 156,604 18,232,343 
Brenntag AG 240,090 14,474,871 
Commerzbank AG (b) 1,555,266 14,703,965 
Continental AG 170,946 31,361,161 
Covestro AG (c) 299,022 25,469,449 
Daimler AG (Germany) 1,413,204 91,368,974 
Delivery Hero AG (b)(c) 142,467 7,848,392 
Deutsche Bank AG 3,051,156 34,360,888 
Deutsche Borse AG 299,962 41,394,442 
Deutsche Lufthansa AG 367,465 9,592,772 
Deutsche Post AG 1,534,245 55,796,335 
Deutsche Telekom AG 5,178,890 83,518,109 
Deutsche Wohnen AG (Bearer) 559,640 28,283,677 
Drillisch AG 83,292 4,215,300 
E.ON AG 3,419,662 36,507,011 
Evonik Industries AG 254,209 9,474,797 
Fraport AG Frankfurt Airport Services Worldwide 64,769 5,821,987 
Fresenius Medical Care AG & Co. KGaA 335,075 33,913,194 
Fresenius SE & Co. KGaA 646,647 49,374,173 
GEA Group AG 269,767 10,248,812 
Hannover Reuck SE 93,661 12,861,222 
HeidelbergCement Finance AG 231,825 18,454,252 
Henkel AG & Co. KGaA 162,049 18,085,659 
Hochtief AG 29,971 4,863,480 
Hugo Boss AG 99,023 7,910,236 
Infineon Technologies AG 1,766,200 44,912,893 
innogy SE (c) 211,703 9,192,919 
K&S AG (a) 296,298 6,739,267 
KION Group AG 110,827 7,566,748 
Lanxess AG 135,296 10,628,794 
Linde AG 288,674 65,742,372 
MAN SE 54,978 5,976,342 
Merck KGaA 201,301 21,141,569 
Metro Wholesale & Food Specialist AG (a) 282,095 4,405,729 
MTU Aero Engines Holdings AG 80,736 17,702,634 
Muenchener Rueckversicherungs AG 232,373 50,115,269 
OSRAM Licht AG 154,179 6,922,299 
ProSiebenSat.1 Media AG 363,212 9,548,230 
Puma AG 12,855 7,042,920 
RWE AG 807,044 20,468,563 
SAP SE 1,527,448 183,366,882 
Schaeffler AG 255,064 3,463,967 
Siemens AG 1,188,879 154,321,155 
Siemens Healthineers AG (b)(c) 233,579 10,615,971 
Symrise AG 191,219 17,858,697 
Telefonica Deutschland Holding AG 1,155,448 4,805,470 
Thyssenkrupp AG 676,260 15,628,729 
TUI AG 265,267 4,891,129 
TUI AG (GB) 418,882 7,722,307 
Uniper SE 313,483 9,577,200 
United Internet AG 190,486 10,020,552 
Volkswagen AG 50,273 8,093,753 
Vonovia SE 757,102 38,834,444 
Wirecard AG 182,447 40,512,626 
Zalando SE (b) 173,523 9,128,210 
TOTAL GERMANY  2,016,370,081 
Hong Kong - 2.5%   
AIA Group Ltd. 18,769,000 161,893,461 
Bank of East Asia Ltd. 1,963,829 7,268,576 
BOC Hong Kong (Holdings) Ltd. 5,753,066 28,073,569 
CLP Holdings Ltd. 2,552,157 29,996,685 
Galaxy Entertainment Group Ltd. 3,691,000 27,322,453 
Hang Lung Group Ltd. 1,370,000 3,840,102 
Hang Lung Properties Ltd. 3,116,423 6,154,427 
Hang Seng Bank Ltd. 1,189,001 32,236,906 
Henderson Land Development Co. Ltd. 2,051,347 10,846,428 
Hong Kong & China Gas Co. Ltd. 14,351,122 29,566,921 
Hong Kong Exchanges and Clearing Ltd. 1,830,690 52,107,169 
Hysan Development Co. Ltd. 971,677 4,982,959 
Link (REIT) 3,357,808 33,455,083 
MTR Corp. Ltd. 2,341,827 12,069,043 
New World Development Co. Ltd. 9,527,803 12,721,946 
PCCW Ltd. 6,626,863 3,520,818 
Power Assets Holdings Ltd. 2,152,176 15,095,052 
Sino Land Ltd. 5,132,470 8,697,162 
SJM Holdings Ltd. 3,042,000 3,441,689 
Sun Hung Kai Properties Ltd. 2,477,176 36,769,040 
Swire Pacific Ltd. (A Shares) 775,384 8,767,680 
Swire Properties Ltd. 1,815,400 7,135,543 
Techtronic Industries Co. Ltd. 2,144,500 13,114,955 
Wharf Holdings Ltd. 1,901,585 5,427,043 
Wheelock and Co. Ltd. 1,274,000 7,994,203 
TOTAL HONG KONG  562,498,913 
Ireland - 0.6%   
AIB Group PLC 1,262,538 7,098,838 
Bank Ireland Group PLC 1,509,134 12,332,160 
CRH PLC 1,305,850 43,320,544 
DCC PLC (United Kingdom) 138,728 12,508,840 
James Hardie Industries PLC CDI 687,643 10,465,317 
Kerry Group PLC Class A 246,622 28,125,682 
Paddy Power Betfair PLC (Ireland) 131,584 11,989,786 
Ryanair Holdings PLC (b) 239,301 3,954,512 
Smurfit Kappa Group PLC 350,282 14,303,830 
TOTAL IRELAND  144,099,509 
Isle of Man - 0.1%   
Gaming VC Holdings SA 852,824 12,184,193 
Genting Singapore Ltd. 9,366,359 7,301,741 
TOTAL ISLE OF MAN  19,485,934 
Israel - 0.6%   
Azrieli Group 64,823 3,367,919 
Bank Hapoalim BM (Reg.) 1,661,139 12,450,479 
Bank Leumi le-Israel BM 2,249,678 15,120,582 
Bezeq The Israel Telecommunication Corp. Ltd. 3,242,153 3,876,194 
Check Point Software Technologies Ltd. (a)(b) 199,689 23,201,865 
Elbit Systems Ltd. (Israel) 36,777 4,745,814 
Frutarom Industries Ltd. 60,292 6,154,634 
Israel Chemicals Ltd. 1,086,243 6,348,721 
Mizrahi Tefahot Bank Ltd. 218,204 3,939,778 
NICE Systems Ltd. (b) 86,819 9,999,237 
NICE Systems Ltd. sponsored ADR (a)(b) 8,313 960,900 
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) 1,503,332 34,441,336 
TOTAL ISRAEL  124,607,459 
Italy - 1.8%   
Assicurazioni Generali SpA 1,824,875 30,385,918 
Atlantia SpA 767,858 15,998,677 
Davide Campari-Milano SpA 900,976 7,974,285 
Enel SpA 12,640,123 62,492,011 
Eni SpA 3,954,747 73,388,307 
Intesa Sanpaolo SpA 23,127,505 57,096,087 
Leonardo SpA 630,035 7,057,172 
Luxottica Group SpA 264,062 17,507,849 
Mediobanca SpA 965,176 8,980,550 
Moncler SpA 278,304 12,585,692 
Pirelli & C. S.p.A. (c) 626,386 5,044,464 
Poste Italiane SpA (c) 810,493 6,239,251 
Prysmian SpA 373,174 9,624,853 
Recordati SpA 163,185 5,714,711 
Snam Rete Gas SpA 3,531,448 14,494,518 
Telecom Italia SpA (b) 17,764,461 11,312,776 
Terna SpA 2,195,479 11,534,069 
UniCredit SpA 3,119,493 45,022,911 
TOTAL ITALY  402,454,101 
Japan - 23.8%   
ABC-MART, Inc. 51,300 2,797,930 
ACOM Co. Ltd. 620,500 2,535,388 
AEON Co. Ltd. 946,500 20,499,975 
AEON Financial Service Co. Ltd. 175,200 3,587,256 
AEON MALL Co. Ltd. 159,740 2,672,637 
Agc, Inc. 291,035 11,656,068 
Air Water, Inc. 231,600 4,152,166 
Aisin Seiki Co. Ltd. 250,900 11,606,750 
Ajinomoto Co., Inc. 711,266 12,073,150 
Alfresa Holdings Corp. 291,700 7,316,784 
All Nippon Airways Ltd. 180,500 6,252,763 
Alps Electric Co. Ltd. 291,500 8,762,578 
Amada Holdings Co. Ltd. 531,600 5,683,924 
Aozora Bank Ltd. 182,500 6,446,877 
Asahi Group Holdings 563,703 25,463,283 
Asahi Kasei Corp. 1,962,827 28,794,960 
Asics Corp. 246,200 3,682,696 
Astellas Pharma, Inc. 2,925,400 49,596,106 
Bandai Namco Holdings, Inc. 311,350 12,077,387 
Bank of Kyoto Ltd. 82,300 4,155,369 
Benesse Holdings, Inc. 110,800 3,465,305 
Bridgestone Corp. 946,979 34,884,214 
Brother Industries Ltd. 345,800 7,102,111 
Calbee, Inc. 124,300 3,954,644 
Canon, Inc. 1,555,044 49,896,109 
Casio Computer Co. Ltd. 303,400 4,874,170 
Central Japan Railway Co. 224,100 45,007,574 
Chiba Bank Ltd. 940,274 6,177,662 
Chubu Electric Power Co., Inc. 942,364 13,701,638 
Chugai Pharmaceutical Co. Ltd. 347,325 20,131,158 
Chugoku Electric Power Co., Inc. 431,600 5,391,601 
Coca-Cola West Co. Ltd. 206,900 5,865,674 
Concordia Financial Group Ltd. 1,688,484 8,099,739 
Credit Saison Co. Ltd. 247,052 4,091,222 
CyberAgent, Inc. 158,000 8,987,130 
CYBERDYNE, Inc. (a)(b) 174,100 1,371,051 
Dai Nippon Printing Co. Ltd. 380,121 8,528,860 
Dai-ichi Mutual Life Insurance Co. 1,675,800 31,929,337 
Daicel Chemical Industries Ltd. 404,700 4,578,417 
Daifuku Co. Ltd. 157,100 8,158,285 
Daiichi Sankyo Kabushiki Kaisha 881,570 34,418,600 
Daikin Industries Ltd. 387,194 49,335,718 
Dainippon Sumitomo Pharma Co. Ltd. 248,400 5,287,247 
Daito Trust Construction Co. Ltd. 113,263 16,972,630 
Daiwa House Industry Co. Ltd. 880,184 26,846,761 
Daiwa House REIT Investment Corp. 2,682 6,218,011 
Daiwa Securities Group, Inc. 2,510,085 15,054,636 
DeNA Co. Ltd. 161,500 2,793,655 
DENSO Corp. 678,838 32,716,925 
Dentsu, Inc. 336,100 15,699,388 
Disco Corp. 44,500 7,962,020 
Don Quijote Holdings Co. Ltd. 185,200 9,000,810 
East Japan Railway Co. 479,600 43,401,836 
Eisai Co. Ltd. 391,778 35,471,935 
Electric Power Development Co. Ltd. 228,380 6,045,051 
FamilyMart Co. Ltd. (a) 98,500 8,590,271 
Fanuc Corp. 301,272 59,074,838 
Fast Retailing Co. Ltd. 90,700 42,292,926 
Fuji Electric Co. Ltd. 926,153 7,460,237 
Fujifilm Holdings Corp. 600,305 25,387,753 
Fujitsu Ltd. 3,062,075 22,408,183 
Fukuoka Financial Group, Inc. 1,139,300 6,388,119 
Hakuhodo DY Holdings, Inc. 360,200 6,078,436 
Hamamatsu Photonics K.K. 219,600 8,834,596 
Hankyu Hanshin Holdings, Inc. 355,500 12,686,144 
Hikari Tsushin, Inc. 33,300 6,296,760 
Hino Motors Ltd. 401,200 4,224,678 
Hirose Electric Co. Ltd. 49,677 5,910,629 
Hisamitsu Pharmaceutical Co., Inc. 88,400 6,460,337 
Hitachi Chemical Co. Ltd. 160,100 3,360,212 
Hitachi Construction Machinery Co. Ltd. 168,500 5,034,830 
Hitachi High-Technologies Corp. 106,400 4,179,966 
Hitachi Ltd. 7,512,271 49,051,864 
Hitachi Metals Ltd. 331,600 3,832,008 
Honda Motor Co. Ltd. 2,534,360 75,075,869 
Hoshizaki Corp. 85,000 8,063,181 
Hoya Corp. 592,816 34,664,077 
Hulic Co. Ltd. 460,900 4,363,845 
Idemitsu Kosan Co. Ltd. 209,500 10,577,761 
IHI Corp. 227,118 7,931,040 
Iida Group Holdings Co. Ltd. 230,000 4,247,682 
INPEX Corp. 1,587,700 17,361,673 
Isetan Mitsukoshi Holdings Ltd. 523,687 5,919,817 
Isuzu Motors Ltd. 854,300 12,355,864 
Itochu Corp. 2,197,086 38,430,714 
J. Front Retailing Co. Ltd. 360,100 5,120,673 
Japan Airlines Co. Ltd. 181,500 6,542,233 
Japan Airport Terminal Co. Ltd. 73,300 3,282,040 
Japan Exchange Group, Inc. 792,100 13,958,526 
Japan Post Bank Co. Ltd. 628,800 7,345,715 
Japan Post Holdings Co. Ltd. 2,448,600 29,089,659 
Japan Prime Realty Investment Corp. 1,298 4,696,211 
Japan Real Estate Investment Corp. 2,050 10,904,059 
Japan Retail Fund Investment Corp. 4,067 7,357,277 
Japan Tobacco, Inc. 1,709,700 44,962,140 
JFE Holdings, Inc. 764,475 16,729,556 
JGC Corp. 322,617 6,498,217 
JSR Corp. 297,116 5,767,971 
JTEKT Corp. 317,600 4,450,573 
JX Holdings, Inc. 5,060,200 35,632,261 
Kajima Corp. 1,400,317 10,082,383 
Kakaku.com, Inc. 214,000 3,956,044 
Kamigumi Co. Ltd. 166,731 3,385,340 
Kaneka Corp. 381,559 3,485,576 
Kansai Electric Power Co., Inc. 1,094,136 15,681,861 
Kansai Paint Co. Ltd. 276,500 5,467,289 
Kao Corp. 769,350 59,721,391 
Kawasaki Heavy Industries Ltd. 220,594 6,035,512 
KDDI Corp. 2,754,900 72,839,112 
Keihan Electric Railway Co., Ltd. 149,400 5,486,023 
Keihin Electric Express Railway Co. Ltd. 344,930 5,966,659 
Keio Corp. 159,182 7,893,914 
Keisei Electric Railway Co. 200,800 6,740,923 
Keyence Corp. 151,224 85,595,152 
Kikkoman Corp. 227,149 11,387,093 
Kintetsu Group Holdings Co. Ltd. 265,910 10,434,413 
Kirin Holdings Co. Ltd. 1,278,456 31,613,337 
Kobayashi Pharmaceutical Co. Ltd. 76,600 5,501,467 
Kobe Steel Ltd. 479,500 4,013,455 
Koito Manufacturing Co. Ltd. 162,000 10,016,560 
Komatsu Ltd. 1,435,045 40,687,391 
Konami Holdings Corp. 144,800 6,066,457 
Konica Minolta, Inc. 703,600 7,162,016 
Kose Corp. 47,300 8,726,937 
Kubota Corp. 1,535,564 23,998,802 
Kuraray Co. Ltd. 495,086 7,182,780 
Kurita Water Industries Ltd. 152,400 4,526,325 
Kyocera Corp. 498,904 31,476,168 
Kyowa Hakko Kirin Co., Ltd. 400,789 7,106,060 
Kyushu Electric Power Co., Inc. 589,270 6,608,140 
Kyushu Railway Co. 247,500 7,439,924 
Lawson, Inc. 78,316 4,595,629 
LINE Corp. (b) 112,500 5,133,199 
Lion Corp. 349,100 7,355,261 
LIXIL Group Corp. 416,059 8,159,415 
M3, Inc. 327,400 14,423,751 
Mabuchi Motor Co. Ltd. 75,742 3,139,159 
Makita Corp. 347,800 15,776,366 
Marubeni Corp. 2,426,344 19,906,896 
Marui Group Co. Ltd. 309,349 6,835,135 
Maruichi Steel Tube Ltd. 86,200 2,641,625 
Mazda Motor Corp. 885,900 10,273,442 
McDonald's Holdings Co. (Japan) Ltd. 103,300 4,536,981 
Mebuki Financial Group, Inc. 1,273,610 4,516,266 
Medipal Holdings Corp. 268,200 5,409,380 
Meiji Holdings Co. Ltd. 189,858 12,610,494 
Minebea Mitsumi, Inc. 598,800 11,241,984 
Misumi Group, Inc. 441,600 11,382,795 
Mitsubishi Chemical Holdings Corp. 1,986,475 17,806,940 
Mitsubishi Corp. 2,101,102 59,963,950 
Mitsubishi Electric Corp. 2,836,606 38,292,699 
Mitsubishi Estate Co. Ltd. 1,837,723 30,507,426 
Mitsubishi Gas Chemical Co., Inc. 252,733 5,258,921 
Mitsubishi Heavy Industries Ltd. 471,125 17,494,931 
Mitsubishi Materials Corp. 162,393 4,391,963 
Mitsubishi Motors Corp. of Japan 1,036,400 7,387,533 
Mitsubishi Tanabe Pharma Corp. 392,300 6,542,453 
Mitsubishi UFJ Financial Group, Inc. 18,364,830 111,009,612 
Mitsubishi UFJ Lease & Finance Co. Ltd. 623,400 3,506,660 
Mitsui & Co. Ltd. 2,573,323 42,904,157 
Mitsui Chemicals, Inc. 285,436 7,383,161 
Mitsui Fudosan Co. Ltd. 1,386,977 31,762,784 
Mitsui OSK Lines Ltd. 176,928 4,757,995 
Mizuho Financial Group, Inc. 37,503,200 65,867,232 
MS&AD Insurance Group Holdings, Inc. 738,484 22,697,533 
Murata Manufacturing Co. Ltd. 280,054 48,356,007 
Nabtesco Corp. 173,800 4,531,533 
Nagoya Railroad Co. Ltd. 281,200 6,415,642 
NEC Corp. 405,354 11,200,043 
New Hampshire Foods Ltd. 140,770 5,137,453 
Nexon Co. Ltd. (b) 691,100 8,670,627 
NGK Insulators Ltd. 406,309 6,618,840 
NGK Spark Plug Co. Ltd. 247,300 7,033,282 
Nidec Corp. 347,584 50,381,067 
Nikon Corp. 501,038 9,591,466 
Nintendo Co. Ltd. 176,096 63,385,791 
Nippon Building Fund, Inc. 2,091 12,176,015 
Nippon Electric Glass Co. Ltd. 131,800 4,234,776 
Nippon Express Co. Ltd. 117,154 7,338,600 
Nippon Paint Holdings Co. Ltd. 228,600 9,032,076 
Nippon Prologis REIT, Inc. 2,768 5,393,502 
Nippon Steel & Sumitomo Metal Corp. 1,182,963 23,800,862 
Nippon Telegraph & Telephone Corp. 1,075,200 47,836,716 
Nippon Yusen KK 235,857 4,449,251 
Nissan Chemical Corp. 198,000 9,444,694 
Nissan Motor Co. Ltd. 3,609,448 33,784,771 
Nisshin Seifun Group, Inc. 307,923 6,160,677 
Nissin Food Holdings Co. Ltd. 98,623 6,293,197 
Nitori Holdings Co. Ltd. 124,300 18,872,658 
Nitto Denko Corp. 255,994 19,878,645 
NKSJ Holdings, Inc. 517,303 22,086,990 
NOK Corp. 122,600 2,341,438 
Nomura Holdings, Inc. 5,382,047 24,655,821 
Nomura Real Estate Holdings, Inc. 193,300 4,190,979 
Nomura Real Estate Master Fund, Inc. 6,067 8,452,629 
Nomura Research Institute Ltd. 176,355 8,777,276 
NSK Ltd. 558,576 6,339,342 
NTT Data Corp. 976,900 12,555,244 
NTT DOCOMO, Inc. 2,058,300 53,342,328 
Obayashi Corp. 1,012,104 9,482,497 
OBIC Co. Ltd. 100,100 9,405,490 
Odakyu Electric Railway Co. Ltd. 459,300 9,933,380 
Oji Holdings Corp. 1,346,352 9,221,257 
Olympus Corp. 451,929 18,404,993 
OMRON Corp. 299,260 13,399,501 
Ono Pharmaceutical Co. Ltd. 591,100 15,534,263 
Oracle Corp. Japan 59,200 4,971,074 
Oriental Land Co. Ltd. 310,924 33,314,285 
ORIX Corp. 2,058,780 33,111,690 
Osaka Gas Co. Ltd. 585,105 10,929,578 
Otsuka Corp. 162,400 5,882,999 
Otsuka Holdings Co. Ltd. 607,000 28,467,978 
Panasonic Corp. 3,430,273 40,863,250 
Park24 Co. Ltd. 180,000 5,281,253 
Pola Orbis Holdings, Inc. 142,600 5,030,978 
Rakuten, Inc. 1,342,600 10,269,784 
Recruit Holdings Co. Ltd. 1,713,400 52,230,095 
Renesas Electronics Corp. (b) 1,300,800 9,834,146 
Resona Holdings, Inc. 3,245,100 18,396,980 
Ricoh Co. Ltd. 1,043,670 10,942,989 
Rinnai Corp. 51,800 3,855,513 
ROHM Co. Ltd. 147,144 13,282,822 
Ryohin Keikaku Co. Ltd. 37,200 11,048,510 
Sankyo Co. Ltd. (Gunma) 69,500 2,661,529 
Santen Pharmaceutical Co. Ltd. 571,400 8,804,219 
SBI Holdings, Inc. Japan 350,360 9,664,777 
Secom Co. Ltd. 326,467 26,870,135 
Sega Sammy Holdings, Inc. 267,000 4,306,219 
Seibu Holdings, Inc. 344,200 6,204,955 
Seiko Epson Corp. 432,900 7,406,560 
Sekisui Chemical Co. Ltd. 579,293 10,072,847 
Sekisui House Ltd. 964,967 15,749,866 
Seven & i Holdings Co. Ltd. 1,171,100 47,693,524 
Seven Bank Ltd. 931,700 2,901,343 
SG Holdings Co. Ltd. 149,400 3,534,989 
Sharp Corp. (a) 271,100 6,424,321 
Shimadzu Corp. 346,100 10,263,698 
Shimamura Co. Ltd. 34,300 3,170,381 
SHIMANO, Inc. 115,200 17,770,930 
SHIMIZU Corp. 863,016 7,549,739 
Shin-Etsu Chemical Co. Ltd. 568,162 53,308,333 
Shinsei Bank Ltd. 255,200 3,918,380 
Shionogi & Co. Ltd. 433,691 25,199,434 
Shiseido Co. Ltd. 590,650 41,591,626 
Shizuoka Bank Ltd. 701,674 6,201,457 
Showa Denko K.K. 209,400 9,969,634 
Showa Shell Sekiyu K.K. 291,700 5,883,356 
SMC Corp. 88,971 29,603,617 
SoftBank Corp. 1,283,030 118,792,336 
Sohgo Security Services Co., Ltd. 109,900 4,836,747 
Sony Corp. 1,971,085 112,081,102 
Sony Financial Holdings, Inc. 270,000 5,382,504 
Stanley Electric Co. Ltd. 204,825 7,088,040 
Start Today Co. Ltd. 316,300 10,902,970 
Subaru Corp. 956,800 28,425,855 
Sumco Corp. 362,900 6,480,007 
Sumitomo Chemical Co. Ltd. 2,317,334 13,160,271 
Sumitomo Corp. 1,749,942 28,404,468 
Sumitomo Electric Industries Ltd. 1,169,606 18,505,691 
Sumitomo Heavy Industries Ltd. 172,564 5,614,426 
Sumitomo Metal Mining Co. Ltd. 362,232 11,703,833 
Sumitomo Mitsui Financial Group, Inc. 2,088,800 82,117,955 
Sumitomo Mitsui Trust Holdings, Inc. 516,772 20,735,420 
Sumitomo Realty & Development Co. Ltd. 554,000 19,196,292 
Sumitomo Rubber Industries Ltd. 268,800 3,986,881 
Sundrug Co. Ltd. 115,000 4,129,691 
Suntory Beverage & Food Ltd. 217,200 8,904,203 
Suzuken Co. Ltd. 111,616 5,072,998 
Suzuki Motor Corp. 534,200 34,760,742 
Sysmex Corp. 260,000 22,557,826 
T&D Holdings, Inc. 866,500 13,175,698 
Taiheiyo Cement Corp. 186,400 5,636,792 
Taisei Corp. 330,718 14,793,164 
Taisho Pharmaceutical Holdings Co. Ltd. 56,157 6,085,233 
Taiyo Nippon Sanso Corp. 199,700 2,940,412 
Takashimaya Co. Ltd. 221,000 3,568,302 
Takeda Pharmaceutical Co. Ltd. 1,111,542 46,308,175 
TDK Corp. 201,825 22,687,375 
Teijin Ltd. 274,768 5,442,934 
Temp Holdings Co., Ltd. 276,600 6,186,221 
Terumo Corp. 472,424 26,063,893 
THK Co. Ltd. 185,900 4,979,195 
Tobu Railway Co. Ltd. 298,559 8,329,879 
Toho Co. Ltd. 177,154 5,436,911 
Toho Gas Co. Ltd. 115,100 3,858,766 
Tohoku Electric Power Co., Inc. 668,390 8,385,705 
Tokio Marine Holdings, Inc. 1,046,500 49,325,178 
Tokyo Century Corp. 66,100 3,652,723 
Tokyo Electric Power Co., Inc. (b) 2,251,118 10,413,776 
Tokyo Electron Ltd. 244,018 41,544,028 
Tokyo Gas Co. Ltd. 604,279 14,319,743 
Tokyo Tatemono Co. Ltd. 301,400 3,694,598 
Tokyu Corp. 777,777 12,824,115 
Tokyu Fudosan Holdings Corp. 789,600 5,379,599 
Toppan Printing Co. Ltd. 763,013 5,953,850 
Toray Industries, Inc. 2,152,083 16,107,640 
Toshiba Corp. (b) 10,133,880 30,280,336 
Tosoh Corp. 404,100 6,350,091 
Toto Ltd. 219,492 9,284,604 
Toyo Seikan Group Holdings Ltd. 235,400 4,457,579 
Toyo Suisan Kaisha Ltd. 138,200 5,093,412 
Toyoda Gosei Co. Ltd. 101,500 2,532,247 
Toyota Industries Corp. 228,486 12,934,722 
Toyota Motor Corp. 3,550,163 221,007,098 
Toyota Tsusho Corp. 329,300 11,232,535 
Trend Micro, Inc. 185,600 11,692,917 
Tsuruha Holdings, Inc. 56,900 6,498,614 
Unicharm Corp. 626,040 20,464,200 
United Urban Investment Corp. 4,501 7,101,299 
USS Co. Ltd. 341,500 6,439,047 
West Japan Railway Co. 255,400 17,138,533 
Yahoo! Japan Corp. (a) 2,205,200 7,581,553 
Yakult Honsha Co. Ltd. 172,866 12,290,896 
Yamada Denki Co. Ltd. (a) 981,350 4,866,563 
Yamaguchi Financial Group, Inc. 307,900 3,386,318 
Yamaha Corp. 215,143 10,281,787 
Yamaha Motor Co. Ltd. 435,900 11,051,483 
Yamato Holdings Co. Ltd. 479,532 14,259,506 
Yamazaki Baking Co. Ltd. 186,500 3,628,953 
Yaskawa Electric Corp. 373,400 12,535,163 
Yokogawa Electric Corp. 356,000 7,301,989 
Yokohama Rubber Co. Ltd. 185,200 3,892,017 
TOTAL JAPAN  5,369,973,861 
Luxembourg - 0.3%   
ArcelorMittal SA (Netherlands) 1,032,639 31,092,611 
Eurofins Scientific SA 17,822 10,062,102 
Millicom International Cellular SA (depository receipt) 103,188 5,940,688 
RTL Group SA (a) 59,611 4,469,898 
SES SA (France) (depositary receipt) 566,970 11,372,148 
Tenaris SA 733,352 12,306,224 
TOTAL LUXEMBOURG  75,243,671 
Malta - 0.0%   
BGP Holdings PLC (b)(d) 5,796,476 67 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 10,166,480 2,110,995 
Multi-National - 0.1%   
HK Electric Investments & HK Electric Investments Ltd. unit (c) 4,096,000 4,138,402 
HKT Trust/HKT Ltd. unit 5,878,760 7,594,920 
TOTAL MULTI-NATIONAL  11,733,322 
Netherlands - 4.5%   
ABN AMRO Group NV GDR 655,788 17,758,934 
AEGON NV 2,770,723 16,614,459 
AEGON NV rights (b) 2,770,723 450,256 
AerCap Holdings NV (b) 194,275 11,067,847 
Airbus Group NV 904,869 111,697,704 
Akzo Nobel NV 392,766 36,709,321 
ASML Holding NV (Netherlands) 637,076 130,266,238 
CNH Industrial NV 1,587,564 18,980,479 
EXOR NV 167,915 10,910,913 
Ferrari NV 190,211 24,882,742 
Fiat Chrysler Automobiles NV 1,675,603 28,318,562 
Heineken Holding NV 179,526 17,108,393 
Heineken NV (Bearer) 402,621 39,789,526 
ING Groep NV (Certificaten Van Aandelen) 6,047,549 82,148,601 
Koninklijke Ahold Delhaize NV 1,937,617 47,140,904 
Koninklijke DSM NV 284,499 29,846,388 
Koninklijke KPN NV 5,218,601 13,331,263 
Koninklijke Philips Electronics NV 1,462,170 65,332,907 
NN Group NV 478,381 20,506,518 
NN Group NV rights (b) 478,381 366,485 
NXP Semiconductors NV (b) 534,077 49,743,932 
QIAGEN NV (Germany) (b) 354,447 13,721,002 
Randstad NV 185,190 11,599,203 
RELX NV 1,500,478 33,274,535 
STMicroelectronics NV (France) 1,062,507 21,922,265 
Unilever NV (Certificaten Van Aandelen) (Bearer) 2,398,306 137,905,911 
Vopak NV 110,330 5,686,110 
Wolters Kluwer NV 451,115 28,590,293 
TOTAL NETHERLANDS  1,025,671,691 
New Zealand - 0.2%   
Auckland International Airport Ltd. 1,501,994 7,100,124 
Fisher & Paykel Healthcare Corp. 891,681 9,669,054 
Fletcher Building Ltd. 1,327,275 5,584,876 
Meridian Energy Ltd. 1,978,503 4,241,087 
Ryman Healthcare Group Ltd. 617,252 5,753,989 
Spark New Zealand Ltd. 2,835,533 7,485,195 
The a2 Milk Co. Ltd. (b) 1,128,480 9,422,122 
TOTAL NEW ZEALAND  49,256,447 
Norway - 0.7%   
Aker Bp ASA 166,486 5,896,191 
DNB ASA 1,519,572 30,948,993 
Equinor ASA 1,817,206 46,610,305 
Gjensidige Forsikring ASA 307,965 5,152,244 
Marine Harvest ASA (a) 647,844 13,994,138 
Norsk Hydro ASA 2,096,595 11,577,818 
Orkla ASA 1,269,408 10,444,501 
Schibsted ASA (B Shares) 153,007 4,980,940 
Telenor ASA 1,167,836 22,016,643 
Yara International ASA 274,866 12,651,607 
TOTAL NORWAY  164,273,380 
Papua New Guinea - 0.1%   
Oil Search Ltd. ADR 2,128,448 13,710,066 
Portugal - 0.2%   
Banco Espirito Santo SA (Reg.) (b)(d) 2,598,658 30 
Energias de Portugal SA 3,977,892 15,537,343 
Galp Energia SGPS SA Class B 777,391 15,764,170 
Jeronimo Martins SGPS SA 394,357 5,907,262 
TOTAL PORTUGAL  37,208,805 
Singapore - 1.2%   
Ascendas Real Estate Investment Trust 3,859,883 7,705,424 
CapitaCommercial Trust (REIT) 4,069,353 5,247,718 
CapitaLand Ltd. 3,990,037 9,971,095 
CapitaMall Trust 3,869,300 6,032,787 
City Developments Ltd. 636,100 4,300,760 
ComfortDelgro Corp. Ltd. 3,337,784 5,568,850 
DBS Group Holdings Ltd. 2,790,108 50,718,148 
Jardine Cycle & Carriage Ltd. 153,830 3,635,747 
Keppel Corp. Ltd. 2,264,600 10,773,989 
Oversea-Chinese Banking Corp. Ltd. 4,889,186 40,251,941 
Sembcorp Industries Ltd. 1,541,630 3,066,300 
Singapore Airlines Ltd. 839,925 5,997,060 
Singapore Airport Terminal Service Ltd. 1,033,900 3,819,076 
Singapore Exchange Ltd. 1,248,200 6,738,670 
Singapore Press Holdings Ltd. 2,481,321 5,061,891 
Singapore Technologies Engineering Ltd. 2,433,261 5,921,163 
Singapore Telecommunications Ltd. 12,688,927 29,860,649 
Suntec (REIT) 3,289,900 4,482,251 
United Overseas Bank Ltd. 2,078,760 40,983,021 
UOL Group Ltd. 779,450 3,924,083 
Venture Corp. Ltd. 426,200 5,623,461 
Wilmar International Ltd. 2,983,200 6,955,113 
Yangzijiang Shipbuilding Holdings Ltd. 3,733,600 2,910,606 
TOTAL SINGAPORE  269,549,803 
South Africa - 0.0%   
Old Mutual Ltd. 2 4 
Spain - 2.9%   
ACS Actividades de Construccion y Servicios SA 400,592 16,683,740 
Aena Sme SA 104,676 18,529,157 
Amadeus IT Holding SA Class A 682,049 63,271,735 
Banco Bilbao Vizcaya Argentaria SA 10,363,315 64,393,058 
Banco de Sabadell SA 8,739,010 13,410,111 
Banco Santander SA (Spain) 25,080,086 124,628,624 
Bankia SA 1,914,700 7,194,194 
Bankinter SA 1,051,229 9,351,721 
CaixaBank SA 5,580,747 24,876,728 
Enagas SA 353,096 9,816,056 
Endesa SA 493,719 11,054,797 
Ferrovial SA 753,464 16,289,115 
Gas Natural SDG SA 543,553 14,593,391 
Grifols SA 463,599 13,630,644 
Iberdrola SA 9,263,004 69,049,549 
Inditex SA 1,695,194 51,226,399 
International Consolidated Airlines Group SA 220,985 1,985,375 
International Consolidated Airlines Group SA CDI 728,283 6,522,413 
MAPFRE SA (Reg.) 1,668,741 4,918,020 
Red Electrica Corporacion SA 672,606 14,098,853 
Repsol SA 2,117,169 40,708,553 
Siemens Gamesa Renewable Energy SA (a)(b) 373,329 5,570,607 
Telefonica SA 7,261,847 58,753,237 
TOTAL SPAIN  660,556,077 
Sweden - 2.6%   
Alfa Laval AB 454,778 12,188,547 
ASSA ABLOY AB (B Shares) 1,556,611 31,743,403 
Atlas Copco AB:   
(A Shares) 1,041,605 29,692,944 
(B Shares) 605,032 15,997,194 
Boliden AB 426,010 11,152,009 
Electrolux AB (B Shares) 371,280 8,282,108 
Epiroc AB:   
Class A (b) 1,047,105 10,877,348 
Class B (b) 598,810 5,726,743 
Essity AB Class B 943,534 24,452,038 
H&M Hennes & Mauritz AB (B Shares) (a) 1,365,322 18,413,332 
Hexagon AB (B Shares) 402,211 23,890,370 
Husqvarna AB (B Shares) 654,106 5,199,861 
ICA Gruppen AB (a) 125,192 3,812,510 
Industrivarden AB (C Shares) 259,916 5,552,078 
Investor AB (B Shares) 707,380 31,922,464 
Kinnevik AB (B Shares) 364,350 11,968,173 
Lundbergfoeretagen AB 118,237 3,971,767 
Lundin Petroleum AB 291,548 10,128,297 
Nordea Bank AB 4,718,542 50,976,960 
Sandvik AB 1,753,065 30,680,530 
Securitas AB (B Shares) 486,076 8,647,706 
Skandinaviska Enskilda Banken AB (A Shares) 2,529,956 27,000,509 
Skanska AB (B Shares) (a) 529,950 9,949,800 
SKF AB (B Shares) 588,712 11,313,771 
Svenska Handelsbanken AB (A Shares) 2,372,720 28,770,759 
Swedbank AB (A Shares) 1,406,406 32,725,893 
Swedish Match Co. AB 280,484 14,994,683 
Tele2 AB (B Shares) 563,120 6,945,751 
Telefonaktiebolaget LM Ericsson (B Shares) 4,774,594 40,287,098 
TeliaSonera AB 4,383,593 19,441,839 
Volvo AB (B Shares) 2,432,647 41,895,639 
TOTAL SWEDEN  588,602,124 
Switzerland - 8.2%   
ABB Ltd. (Reg.) 2,863,585 67,442,169 
Adecco SA (Reg.) 252,639 15,477,641 
Baloise Holdings AG 75,863 11,662,200 
Barry Callebaut AG 3,418 6,093,685 
Clariant AG (Reg.) 308,319 7,704,396 
Coca-Cola HBC AG 314,682 10,762,235 
Compagnie Financiere Richemont SA Series A 811,263 71,635,363 
Credit Suisse Group AG 3,971,564 59,472,461 
Dufry AG (a) 50,287 6,220,698 
Ems-Chemie Holding AG 12,803 8,084,020 
Galenica AG 70,757 13,041,773 
Geberit AG (Reg.) 57,613 26,201,507 
Givaudan SA 14,354 34,920,539 
Julius Baer Group Ltd. 348,728 18,503,994 
Kuehne & Nagel International AG 84,219 13,598,425 
Lafargeholcim Ltd. (Reg.) 754,338 36,734,334 
Lindt & Spruengli AG 158 13,921,279 
Lindt & Spruengli AG (participation certificate) 1,660 12,356,874 
Lonza Group AG 115,727 37,240,393 
Nestle SA (Reg. S) 4,837,015 405,473,152 
Novartis AG 3,372,079 279,755,046 
Pargesa Holding SA 59,620 4,844,029 
Partners Group Holding AG 27,036 21,227,130 
Roche Holding AG (participation certificate) 1,091,857 270,729,947 
Schindler Holding AG:   
(participation certificate) 63,476 15,141,244 
(Reg.) 31,258 7,223,928 
SGS SA (Reg.) 8,324 21,925,377 
Sika AG 201,360 29,853,425 
Sonova Holding AG Class B 86,217 16,358,325 
Straumann Holding AG 16,046 12,788,790 
Swatch Group AG (Bearer) 47,974 20,471,546 
Swatch Group AG (Bearer) (Reg.) 86,494 7,009,650 
Swiss Life Holding AG 53,319 19,319,714 
Swiss Prime Site AG 111,140 10,245,405 
Swiss Re Ltd. 488,580 43,935,654 
Swisscom AG 40,209 17,958,706 
Temenos Group AG 94,092 16,988,496 
UBS Group AG 5,989,410 93,525,634 
Zurich Insurance Group AG 235,161 71,621,901 
TOTAL SWITZERLAND  1,857,471,085 
United Kingdom - 15.7%   
3i Group PLC 1,508,754 17,533,800 
Admiral Group PLC 311,624 8,403,303 
Anglo American PLC (United Kingdom) 1,637,886 32,734,910 
Antofagasta PLC 608,974 6,360,247 
Ashtead Group PLC 766,346 23,467,161 
Associated British Foods PLC 552,384 16,392,404 
AstraZeneca PLC (United Kingdom) 1,968,597 148,577,522 
Auto Trader Group PLC (c) 1,469,113 8,553,700 
Aviva PLC 6,227,326 39,178,684 
Babcock International Group PLC 390,594 3,612,555 
BAE Systems PLC 4,962,104 39,046,707 
Barclays PLC 26,587,348 60,904,208 
Barratt Developments PLC 1,576,660 11,078,810 
Berkeley Group Holdings PLC 197,858 9,344,769 
BHP Billiton PLC 3,283,494 70,248,913 
BP PLC 31,007,356 220,808,476 
British American Tobacco PLC (United Kingdom) 3,564,778 172,382,985 
British Land Co. PLC 1,440,736 11,872,005 
BT Group PLC 13,106,030 36,999,797 
Bunzl PLC 521,631 16,216,919 
Burberry Group PLC 648,965 18,812,601 
Carnival PLC 282,290 16,978,334 
Centrica PLC 8,739,933 16,237,160 
Coca-Cola European Partners PLC 339,048 14,457,007 
Compass Group PLC 2,461,020 52,915,925 
ConvaTec Group PLC (c) 2,121,596 5,866,909 
Croda International PLC 204,102 13,495,010 
Diageo PLC 3,824,295 133,752,870 
Direct Line Insurance Group PLC 2,142,767 9,192,370 
easyJet PLC 245,633 4,856,376 
Fresnillo PLC 339,706 3,951,375 
G4S PLC (United Kingdom) 2,395,971 7,747,004 
GlaxoSmithKline PLC 7,707,576 156,100,659 
Hammerson PLC 1,225,430 7,484,407 
Hargreaves Lansdown PLC 444,076 12,665,891 
HSBC Holdings PLC (United Kingdom) 31,162,764 271,239,630 
Imperial Tobacco Group PLC 1,482,214 52,729,153 
Informa PLC 1,942,127 19,196,245 
InterContinental Hotel Group PLC 281,674 17,364,131 
Intertek Group PLC 250,349 16,663,165 
Investec PLC 1,042,308 6,842,984 
ITV PLC 5,636,808 11,740,045 
J Sainsbury PLC 2,731,330 11,480,028 
John Wood Group PLC 1,055,176 9,830,325 
Johnson Matthey PLC 300,606 13,624,634 
Kingfisher PLC 3,333,862 11,851,849 
Land Securities Group PLC 1,152,565 13,694,736 
Legal & General Group PLC 9,258,304 30,523,447 
Lloyds Banking Group PLC 112,075,994 86,334,456 
London Stock Exchange Group PLC 486,762 29,180,335 
Marks & Spencer Group PLC 2,532,712 9,903,140 
Mediclinic International PLC 564,336 3,607,684 
Meggitt PLC 1,199,655 8,370,585 
Melrose Industries PLC 7,541,998 21,794,768 
Merlin Entertainments PLC (c) 1,100,948 5,308,218 
Micro Focus International PLC 678,697 11,522,149 
Mondi PLC 569,851 15,846,902 
National Grid PLC 5,220,262 54,819,250 
Next PLC 222,605 15,872,794 
NMC Health PLC 161,089 8,195,032 
Pearson PLC 1,213,018 14,425,343 
Persimmon PLC 483,120 15,238,875 
Prudential PLC 4,027,894 90,566,008 
Reckitt Benckiser Group PLC 1,040,225 88,608,663 
RELX PLC 1,638,045 36,314,303 
Rio Tinto PLC 1,860,189 88,344,855 
Rolls-Royce Holdings PLC 2,601,468 33,895,366 
Royal Bank of Scotland Group PLC 7,477,563 23,440,361 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 7,146,871 232,515,478 
Class B (United Kingdom) 5,819,649 192,641,514 
Royal Mail PLC 1,404,508 8,157,517 
RSA Insurance Group PLC 1,594,337 13,055,034 
Sage Group PLC 1,682,985 12,991,068 
Schroders PLC 192,028 7,655,357 
Scottish & Southern Energy PLC 1,576,952 25,626,858 
Segro PLC 1,571,834 13,412,827 
Severn Trent PLC 368,304 9,554,529 
SKY PLC 1,602,864 32,012,099 
Smith & Nephew PLC 1,360,991 24,018,696 
Smiths Group PLC 615,292 12,854,860 
St. James's Place Capital PLC 824,134 12,089,495 
Standard Chartered PLC (United Kingdom) 4,364,036 35,479,778 
Standard Life PLC 4,159,589 17,089,464 
Taylor Wimpey PLC 5,101,192 11,067,593 
Tesco PLC 15,205,777 48,592,043 
The Weir Group PLC 375,793 9,132,505 
Travis Perkins PLC 390,652 5,826,831 
Unilever PLC 1,906,347 108,632,747 
United Utilities Group PLC 1,062,282 10,213,282 
Vodafone Group PLC 41,368,957 88,150,630 
Vodafone Group PLC sponsored ADR 8,775 189,628 
Whitbread PLC 284,843 16,972,325 
WM Morrison Supermarkets PLC 3,479,897 11,876,557 
TOTAL UNITED KINGDOM  3,536,409,947 
TOTAL COMMON STOCKS   
(Cost $20,762,896,327)  22,098,922,526 
Nonconvertible Preferred Stocks - 0.7%   
France - 0.2%   
Air Liquide SA (b) 320,692 40,388,392 
Germany - 0.5%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 85,445 7,165,776 
Fuchs Petrolub AG 108,845 6,373,946 
Henkel AG & Co. KGaA 276,331 35,266,595 
Porsche Automobil Holding SE (Germany) 237,616 15,033,809 
Sartorius AG (non-vtg.) 55,543 10,083,348 
Volkswagen AG 288,591 47,178,866 
TOTAL GERMANY  121,102,340 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 9,316,805 5,179,055 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $143,939,839)  166,669,787 
 Principal Amount Value 
Government Obligations - 0.1%   
United States of America - 0.1%   
U.S. Treasury Bills, yield at date of purchase 1.9% to 2% 9/20/18 to 11/8/18 (e)   
(Cost $29,919,131) 30,000,000 29,922,295 
 Shares Value 
Money Market Funds - 1.6%   
Fidelity Cash Central Fund, 1.97% (f) 204,050,890 204,091,701 
Fidelity Securities Lending Cash Central Fund 1.98% (f)(g) 150,936,663 150,951,757 
TOTAL MONEY MARKET FUNDS   
(Cost $355,059,667)  355,043,458 
TOTAL INVESTMENT IN SECURITIES - 100.3%   
(Cost $21,291,814,964)  22,650,558,066 
NET OTHER ASSETS (LIABILITIES) - (0.3)%  (65,949,534) 
NET ASSETS - 100%  $22,584,608,532 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 4,132 Sept. 2018 $404,688,080 $(8,347,935) $(8,347,935) 

The notional amount of futures purchased as a percentage of Net Assets is 1.8%

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) 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 $123,868,232 or 0.5% of net assets.

 (d) Level 3 security

 (e) 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 $16,651,009.

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $1,944,773 
Fidelity Securities Lending Cash Central Fund 1,939,407 
Total $3,884,180 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $2,733,123,354 $1,859,469,486 $873,653,868 $-- 
Consumer Staples 2,514,374,485 1,233,246,773 1,281,127,712 -- 
Energy 1,312,746,638 347,872,697 964,873,941 -- 
Financials 4,372,852,461 2,494,545,050 1,878,307,314 97 
Health Care 2,487,331,260 905,595,006 1,581,736,254 -- 
Industrials 3,211,736,883 2,303,826,945 907,909,938 -- 
Information Technology 1,561,187,597 920,107,510 641,080,087 -- 
Materials 1,779,969,094 1,300,508,098 479,460,996 -- 
Real Estate 771,991,222 771,991,222 -- -- 
Telecommunication Services 812,342,944 177,283,695 635,059,249 -- 
Utilities 707,936,375 539,644,721 168,291,654 -- 
Government Obligations 29,922,295 -- 29,922,295 -- 
Money Market Funds 355,043,458 355,043,458 -- -- 
Total Investments in Securities: $22,650,558,066 $13,209,134,661 $9,441,423,308 $97 
Derivative Instruments:     
Liabilities     
Futures Contracts $(8,347,935) $(8,347,935) $-- $-- 
Total Liabilities $(8,347,935) $(8,347,935) $-- $-- 
Total Derivative Instruments: $(8,347,935) $(8,347,935) $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended August 31, 2018. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $0 
Level 2 to Level 1 $11,974,779,136 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(8,347,935) 
Total Equity Risk 0 (8,347,935) 
Total Value of Derivatives $0 $(8,347,935) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Fidelity® International Index Fund

Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $143,810,265) — See accompanying schedule:
Unaffiliated issuers (cost $20,936,755,297) 		$22,295,514,608  
Fidelity Central Funds (cost $355,059,667) 355,043,458  
Total Investment in Securities (cost $21,291,814,964)  $22,650,558,066 
Foreign currency held at value (cost $9,389,568)  9,374,129 
Receivable for investments sold  21,154,910 
Receivable for fund shares sold  86,695,821 
Dividends receivable  119,882,506 
Interest receivable  755 
Distributions receivable from Fidelity Central Funds  429,863 
Other receivables  502,818 
Total assets  22,888,598,868 
Liabilities   
Payable for investments purchased $120,830,384  
Payable for fund shares redeemed 28,284,039  
Accrued management fee 846,574  
Payable for daily variation margin on futures contracts 2,572,691  
Other payables and accrued expenses 502,574  
Collateral on securities loaned 150,954,074  
Total liabilities  303,990,336 
Net Assets  $22,584,608,532 
Net Assets consist of:   
Paid in capital  $21,009,193,241 
Undistributed net investment income  455,329,330 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (230,860,283) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  1,350,946,244 
Net Assets  $22,584,608,532 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($649,477,647 ÷ 15,403,731 shares)  $42.16 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($11,358,808,943 ÷ 269,322,526 shares)  $42.18 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($3,330,609,833 ÷ 78,957,972 shares)  $42.18 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($7,245,712,109 ÷ 171,777,693 shares)  $42.18 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $518,850,327 
Interest  225,469 
Income from Fidelity Central Funds (including $1,939,407 from security lending)  3,884,180 
Income before foreign taxes withheld  522,959,976 
Less foreign taxes withheld  (55,167,825) 
Total income  467,792,151 
Expenses   
Management fee $5,099,480  
Transfer agent fees 1,114,902  
Independent trustees' fees and expenses 57,085  
Legal 2,471  
Commitment fees 31,511  
Total expenses before reductions 6,305,449  
Expense reductions (783)  
Total expenses after reductions  6,304,666 
Net investment income (loss)  461,487,485 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 227,111,721  
Fidelity Central Funds (3,995)  
Forward foreign currency contracts 4,928,548  
Foreign currency transactions (7,394,307)  
Futures contracts (16,738,216)  
Total net realized gain (loss)  207,903,751 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,122,922,263)  
Fidelity Central Funds (2,046)  
Forward foreign currency contracts (5,074,299)  
Assets and liabilities in foreign currencies (1,956,512)  
Futures contracts 8,590,640  
Total change in net unrealized appreciation (depreciation)  (1,121,364,480) 
Net gain (loss)  (913,460,729) 
Net increase (decrease) in net assets resulting from operations  $(451,973,244) 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $461,487,485 $535,604,110 
Net realized gain (loss) 207,903,751 446,692,138 
Change in net unrealized appreciation (depreciation) (1,121,364,480) 2,377,357,685 
Net increase (decrease) in net assets resulting from operations (451,973,244) 3,359,653,933 
Distributions to shareholders from net investment income (22,602,542) (492,684,873) 
Distributions to shareholders from net realized gain – (29,746,994) 
Total distributions (22,602,542) (522,431,867) 
Share transactions - net increase (decrease) 1,024,759,630 2,878,191,351 
Total increase (decrease) in net assets 550,183,844 5,715,413,417 
Net Assets   
Beginning of period 22,034,424,688 16,319,011,271 
End of period $22,584,608,532 $22,034,424,688 
Other Information   
Undistributed net investment income end of period $455,329,330 $16,444,387 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity International Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.08 $36.88 $32.81 $39.75 $41.19 $35.31 
Income from Investment Operations       
Net investment income (loss)B .85 1.08 1.06 1.11 1.13 1.35C 
Net realized and unrealized gain (loss) (1.74) 6.15 4.05 (7.10) (1.31) 5.53 
Total from investment operations (.89) 7.23 5.11 (5.99) (.18) 6.88 
Distributions from net investment income (.03) (.97) (1.01) (.95) (1.26) (.96) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.03) (1.03) (1.04) (.95) (1.26) (1.00) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.16 $43.08 $36.88 $32.81 $39.75 $41.19 
Total ReturnE,F (2.07)% 19.65% 15.72% (15.24)% (.29)% 19.66% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .14%I .17% .19% .20% .20% .20% 
Expenses net of fee waivers, if any .14%I .17% .19% .20% .20% .20% 
Expenses net of all reductions .14%I .17% .19% .20% .20% .20% 
Net investment income (loss) 3.98%I 2.60% 2.97% 2.92% 2.83% 3.52%C 
Supplemental Data       
Net assets, end of period (000 omitted) $649,478 $692,388 $740,317 $2,652,101 $2,972,698 $2,640,165 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.82%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity International Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.08 $36.88 $32.82 $39.76 $41.20 $35.31 
Income from Investment Operations       
Net investment income (loss)B .87 1.12 1.10 1.14 1.17 1.38C 
Net realized and unrealized gain (loss) (1.73) 6.15 4.03 (7.10) (1.32) 5.54 
Total from investment operations (.86) 7.27 5.13 (5.96) (.15) 6.92 
Distributions from net investment income (.04) (1.01) (1.04) (.98) (1.29) (.99) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.04) (1.07) (1.07) (.98) (1.29) (1.03) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.18 $43.08 $36.88 $32.82 $39.76 $41.20 
Total ReturnE,F (1.99)% 19.77% 15.80% (15.17)% (.21)% 19.79% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .06%I .07% .11% .17% .17% .17% 
Expenses net of fee waivers, if any .06%I .07% .09% .12% .12% .12% 
Expenses net of all reductions .06%I .07% .09% .12% .12% .12% 
Net investment income (loss) 4.07%I 2.70% 3.07% 3.00% 2.91% 3.60%C 
Supplemental Data       
Net assets, end of period (000 omitted) $11,358,809 $11,462,486 $8,719,903 $7,677,907 $8,304,964 $7,201,814 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.90%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity International Index Fund Institutional Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.09 $36.89 $32.82 $39.76 $41.20 $35.31 
Income from Investment Operations       
Net investment income (loss)B .87 1.13 1.11 1.16 1.18 1.40C 
Net realized and unrealized gain (loss) (1.74) 6.15 4.04 (7.10) (1.31) 5.54 
Total from investment operations (.87) 7.28 5.15 (5.94) (.13) 6.94 
Distributions from net investment income (.04) (1.02) (1.05) (1.00) (1.31) (1.01) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.04) (1.08) (1.08) (1.00) (1.31) (1.05) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.18 $43.09 $36.89 $32.82 $39.76 $41.20 
Total ReturnE,F (2.01)% 19.78% 15.87% (15.13)% (.16)% 19.85% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .05%I .05% .07% .10% .10% .10% 
Expenses net of fee waivers, if any .05%I .05% .06% .07% .07% .07% 
Expenses net of all reductions .05%I .05% .06% .07% .07% .07% 
Net investment income (loss) 4.08%I 2.72% 3.10% 3.05% 2.96% 3.65%C 
Supplemental Data       
Net assets, end of period (000 omitted) $3,330,610 $3,065,012 $2,097,193 $1,539,389 $1,994,854 $1,595,562 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.95%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity International Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.09 $36.88 $32.82 $39.76 $41.20 $35.31 
Income from Investment Operations       
Net investment income (loss)B .87 1.13 1.11 1.16 1.19 1.41C 
Net realized and unrealized gain (loss) (1.74) 6.16 4.04 (7.10) (1.32) 5.53 
Total from investment operations (.87) 7.29 5.15 (5.94) (.13) 6.94 
Distributions from net investment income (.04) (1.02) (1.06) (1.00) (1.31) (1.01) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.04) (1.08) (1.09) (1.00) (1.31) (1.05) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.18 $43.09 $36.88 $32.82 $39.76 $41.20 
Total ReturnE,F (2.01)% 19.82% 15.85% (15.12)% (.15)% 19.86% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .05%I .05% .06% .08% .08% .08% 
Expenses net of fee waivers, if any .05%I .05% .05% .06% .06% .06% 
Expenses net of all reductions .05%I .05% .05% .06% .06% .06% 
Net investment income (loss) 4.08%I 2.72% 3.11% 3.06% 2.97% 3.66%C 
Supplemental Data       
Net assets, end of period (000 omitted) $7,245,712 $6,814,539 $4,761,598 $1,734,082 $1,797,254 $1,651,834 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.96%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended August 31, 2018

1. Organization.

Fidelity Total Market Index Fund, Fidelity Extended Market Index Fund and Fidelity International Index Fund (the Funds) are funds of Fidelity Concord Street Trust (the Trust). Each Fund is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Fidelity Total Market Index Fund offers Investor Class, Premium Class, Institutional Class, Institutional Premium Class and Class F shares. Fidelity Extended Market Index Fund offers Investor Class, Premium Class and Institutional Premium Class shares. Fidelity International Index Fund offers Investor Class, Premium Class, Institutional Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. Class F shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as investment manager.

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – 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 each Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of August 31, 2018, including information on transfers between Levels 1 and 2, is included at the end of each applicable Fund's Schedule of Investments.

Foreign Currency. Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Realized gains and losses on foreign currency transactions arise from the disposition of foreign currency, realized changes in the value of foreign currency between the trade and settlement dates on security transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on transaction date and the U.S. dollar equivalent of the amounts actually received or paid. Unrealized gains and losses on assets and liabilities in foreign currencies arise from changes in the value of foreign currency, and from assets and liabilities denominated in foreign currencies, other than investments, which are held at period end.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and for certain Funds include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for Fidelity Total Market Index Fund, Fidelity Extended Market Index Fund and Fidelity International Index Fund, certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees of $895,163 for Fidelity Total Market Index Fund, $487,612 for Fidelity Extended Market Index Fund and $502,818 for Fidelity International Index Fund, are included in the accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, respectively.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in kind, partnerships, deferred trustees compensation, capital loss carryforwards, expiring capital loss carryforwards, certain deemed distributions and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Total Market Index $36,663,095,452 $25,491,640,385 $(2,107,776,544) $23,383,863,841 
Fidelity Extended Market Index 19,835,974,770 9,700,839,543 (1,899,302,360) 7,801,537,183 
Fidelity International Index 21,398,240,910 4,402,598,588 (3,158,629,367) 1,243,969,221 

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

 Fiscal year of expiration  
 2019 Total with expiration 
Fidelity International Index $(49,793,394) $(49,793,394) 

 No expiration    
 Short-term Long-term Total no expiration Total capital loss carryforward 
Fidelity International Index $(–) $(288,964,540) $(288,964,540) $(338,757,934) 

Fidelity Extended Market Index intends to elect to defer to the next fiscal year $3,369,398 of capital losses recognized during the period November 1, 2017 to February 28, 2018.

Restricted Securities. The Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of each applicable Fund's Schedule of Investments.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts and forward foreign currency 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 Funds used derivatives to increase returns and 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 Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risks:

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.
 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds 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 Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

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 and amounts recognized in the Statement of Assets and Liabilities. 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.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Fidelity Total Market Index   
Equity Risk   
Futures Contracts $12,178,931 $1,169,644 
Total Equity Risk 12,178,931 1,169,644 
Totals $12,178,931 $1,169,644 
Fidelity Extended Market Index   
Equity Risk   
Futures Contracts $7,002,750 $2,859,263 
Total Equity Risk 7,002,750 2,859,263 
Totals $7,002,750 $2,859,263 
Fidelity International Index   
Equity Risk   
Futures Contracts $(16,738,216) $8,590,640 
Total Equity Risk (16,738,216) 8,590,640 
Foreign Exchange Risk   
Forward Foreign Currency Contracts $4,928,548 $(5,074,299) 
Total Foreign Exchange Risk 4,928,548 (5,074,299) 
Totals $(11,809,668) $3,516,341 

A summary of the value of derivatives by primary risk exposure as of period end, if any, is included at the end of the Schedule of Investments.

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. Fidelity International Index used forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage exposure to certain foreign currencies.

Forward foreign currency contracts are valued daily and fluctuations in exchange rates on open contracts are recorded as unrealized appreciation or (depreciation) and reflected in the Statement of Assets and Liabilities. When the contract is closed, Fidelity International Index realizes a gain or loss equal to the difference between the closing value and the value at the time it was opened. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on forward foreign currency contracts during the period is presented in the Statement of Operations.

Any 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 fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Total Market Index 5,281,197,368 1,222,963,702 
Fidelity Extended Market Index 1,975,320,321 1,233,997,705 
Fidelity International Index 2,245,645,365 395,870,657 

Redemption In-Kind. Securities delivered in-kind through redemptions are noted in the table below. Realized gain (loss) on securities delivered in-kind through redemptions is included in each applicable Fund's accompanying Statement of Operations as realized gain or loss on investment securities and is not taxable to the Fund.

 Value of securities  
 Delivered Realized gain (loss) 
Fidelity Extended Market Index $441,023,062 $292,072,729 
Fidelity International Index $423,571,757 $173,776,605 

Prior Fiscal Year Exchanges In-Kind. During the prior period, investments and cash received in-kind through subscriptions totaled $172,362,566 in exchange for 4,418,420 shares of Fidelity International Index. The amount of in-kind exchanges is included in share transactions in the accompanying Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .015% for Fidelity Total Market Index Fund and .045% for Fidelity Extended Market Index Fund and Fidelity International Index Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

Effective August 1, 2018, the Board approved an amendment to the expense contract. Under the expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

 Investor Class Premium Class Institutional Class Institutional Premium Class Class F 
Fidelity Total Market Index Fund .015% .015% .015% .015% .015% 
Fidelity Extended Market Index Fund .045% .045% n/a .045% n/a 
Fidelity International Index Fund .045% .045% .045% .045% n/a 

Prior to August 1, 2018, the investment adviser paid class-level expenses as necessary so that the total expenses did not exceed certain amounts as noted in the following table:

 Investor Class Premium Class Institutional Class Institutional Premium Class Class F 
Fidelity Total Market Index Fund .09% .035% .030% .015% .015% 
Fidelity Extended Market Index Fund .10% .07% n/a .045% n/a 
Fidelity International Index Fund .16% .06% .05% .045% n/a 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on class-level average net assets noted in the table below. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Effective August 1, 2018, under the amended expense contract, each class pays no transfer agent fees. Prior to August 1, 2018, each class paid all or a portion of the transfer agent fees at an annual rate based on class-level average net assets as noted in the following table:

 Received by FIIOC Paid by Class Prior to August 1, 2018 
Fidelity Total Market Index   
Investor Class .075% .075% 
Premium Class .045% .02% 
Institutional Class .035% .015% 
Institutional Premium Class .015% .00% 
Fidelity Extended Market Index   
Investor Class .075% .055% 
Premium Class .045% .025% 
Institutional Premium Class .015% .00% 
Fidelity International Index   
Investor Class .21% .115% 
Premium Class .11% .015% 
Institutional Class .035% .005% 
Institutional Premium Class .015% .00% 

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Amount % of Class-Level Average Net Assets(a) 
Fidelity Total Market Index   
Investor Class $250,548 .062 
Premium Class 2,334,574 .016 
Institutional Class 217,748 .012 
Institutional Premium Class – – 
 $2,802,870  
Fidelity Extended Market Index   
Investor Class $147,090 .046 
Premium Class 1,938,048 .021 
Institutional Premium Class – – 
 $2,085,138  
Fidelity International Index   
Investor Class $325,982 .096 
Premium Class 721,499 .013 
Institutional Class 67,421 .004 
Institutional Premium Class – – 
 $1,114,902  

 (a) Annualized

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Funds, along with other registered investment companies having management contracts with Fidelity Management & Research Company (FMR) or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, Fidelity Total Market Index had no interfund loans outstanding. Each applicable fund's activity in this program during the period for which loans were outstanding was as follows:

 Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Fidelity Total Market Index Borrower $34,077,875 2.15% $16,268 

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Other. During the period, the investment adviser reimbursed the Fidelity International Index Fund for certain losses in the amount of $4,018.

Prior Fiscal Year Redemption In-Kind. During the prior period, 14,197,390 shares of Fidelity International Index Fund held by an affiliated entity were redeemed in-kind for investments and cash with a value of $621,987,635. The Fund had a net realized gain of $320,859,246 on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Commitment fees on the Statement of Operations, and are as follows:

Fidelity Total Market Index $71,142 
Fidelity Extended Market Index 30,258 
Fidelity International Index 31,511 

During the period, the Funds did not borrow on this line of credit.

8. Security Lending.

Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Funds. On the settlement date of the loan, each applicable Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. The Funds or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Funds may apply collateral received from the borrower against the obligation. The Funds may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. At period end, there were no security loans outstanding with FCM. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds. FCM security lending activity was as follows:

 Security Lending Income From Securities Loaned to FCM Value of Securities Loaned to FCM at Period End 
Fidelity Total Market Index $165,990 $8,158,306 
Fidelity Extended Market Index $531,991 $18,949,108 
Fidelity International Index $48 $– 

9. Expense Reductions.

Through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's expenses as noted in the table below.

 Management fee reduction 
Fidelity Total Market Index $6,402 
Fidelity Extended Market Index 9,943 
Fidelity International Index 783 

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
August 31, 2018 		Year ended
February 28, 2018 
Fidelity Total Market Index   
From net investment income   
Investor Class $2,478,522 $12,586,670 
Premium Class 89,860,399 435,270,799 
Institutional Class 10,965,878 44,873,287 
Institutional Premium Class 20,946,671 94,317,041 
Class F 42,774,264 191,676,053 
Total $167,025,734 $778,723,850 
From net realized gain   
Investor Class $164,548 $5,321,710 
Premium Class 5,694,270 177,589,449 
Institutional Class 692,013 18,221,313 
Institutional Premium Class 1,305,698 37,888,601 
Class F 2,666,205 76,838,875 
Total $10,522,734 $315,859,948 
Fidelity Extended Market Index   
From net investment income   
Investor Class $503,933 $9,206,140 
Premium Class 16,357,102 220,109,370 
Institutional Premium Class 2,940,235 35,451,606 
Total $19,801,270 $264,767,116 
From net realized gain   
Investor Class $– $32,438,665 
Premium Class – 743,291,615 
Institutional Premium Class – 115,941,684 
Total $– $891,671,964 
Fidelity International Index   
From net investment income   
Investor Class $493,861 $15,703,123 
Premium Class 11,498,487 258,467,735 
Institutional Class 3,239,034 65,473,787 
Institutional Premium Class 7,371,160 153,040,228 
Total $22,602,542 $492,684,873 
From net realized gain   
Investor Class $– $986,439 
Premium Class – 15,621,751 
Institutional Class – 3,939,343 
Institutional Premium Class – 9,199,461 
Total $ - $29,746,994 

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended August 31, 2018 Year ended February 28, 2018 Six months ended August 31, 2018 Year ended February 28, 2018 
Fidelity Total Market Index     
Investor Class     
Shares sold 2,723,117 6,491,579 $215,950,096 $473,077,417 
Reinvestment of distributions 32,797 227,908 2,485,299 16,995,879 
Shares redeemed (2,348,254) (7,266,119) (185,589,293) (529,723,284) 
Net increase (decrease) 407,660 (546,632) $32,846,102 $(39,649,988) 
Premium Class     
Shares sold 26,131,870 59,682,692 $2,068,764,384 $4,353,636,860 
Reinvestment of distributions 1,130,172 7,372,266 85,644,406 550,334,111 
Shares redeemed (22,803,631) (54,136,097) (1,811,868,466) (3,981,489,838) 
Net increase (decrease) 4,458,411 12,918,861 $342,540,324 $922,481,133 
Institutional Class     
Shares sold 5,818,678 17,997,705 $457,907,605 $1,330,831,506 
Reinvestment of distributions 129,741 732,368 9,830,506 54,656,693 
Shares redeemed (4,146,204) (9,961,881) (329,560,409) (724,114,212) 
Net increase (decrease) 1,802,215 8,768,192 $138,177,702 $661,373,987 
Institutional Premium Class     
Shares sold 41,528,589 19,386,022 $3,272,627,679 $1,424,547,920 
Reinvestment of distributions 293,720 1,770,295 22,252,243 132,205,306 
Shares redeemed (15,030,904) (10,876,497) (1,189,211,901) (794,477,913) 
Net increase (decrease) 26,791,405 10,279,820 $2,105,668,021 $762,275,313 
Class F     
Shares sold 20,340,963 36,022,682 $1,589,711,870 $2,617,551,668 
Reinvestment of distributions 599,637 3,591,887 45,440,469 268,514,928 
Shares redeemed (11,463,696) (10,934,635) (914,968,981) (823,156,173) 
Net increase (decrease) 9,476,904 28,679,934 $720,183,358 $2,062,910,423 
Fidelity Extended Market Index     
Investor Class     
Shares sold 1,373,116 3,991,694 $90,082,194 $239,037,979 
Reinvestment of distributions 7,831 675,931 488,757 40,774,046 
Shares redeemed (2,828,947) (7,533,841) (181,683,394) (452,172,226) 
Net increase (decrease) (1,448,000) (2,866,216) $(91,112,443) $(172,360,201) 
Premium Class     
Shares sold 28,969,680 63,342,564 $1,894,979,803 $3,816,914,744 
Reinvestment of distributions 249,891 15,232,360 15,595,685 921,328,809 
Shares redeemed (25,524,578) (72,724,257) (1,674,802,147) (4,378,600,164) 
Net increase (decrease) 3,694,993 5,850,667 $235,773,341 $359,643,389 
Institutional Premium Class     
Shares sold 4,003,539 17,002,258 $261,902,230 $1,011,348,990 
Reinvestment of distributions 47,126 2,498,579 2,940,213 151,393,120 
Shares redeemed (11,106,133)(a) (9,306,004) (737,477,469)(a) (554,308,152) 
Net increase (decrease) (7,055,468) 10,194,833 $(472,635,026) $608,433,958 
Fidelity International Index     
Investor Class     
Shares sold 2,315,466 9,622,744 $99,195,737 $397,671,186 
Reinvestment of distributions 10,462 369,295 453,026 15,632,929 
Shares redeemed (2,995,572) (13,994,223) (128,128,436) (573,236,825) 
Net increase (decrease) (669,644) (4,002,184) $(28,479,673) $(159,932,710) 
Premium Class     
Shares sold 32,905,277 82,469,511 $1,408,529,530 $3,438,872,823 
Reinvestment of distributions 243,147 5,894,175 10,528,255 249,347,695 
Shares redeemed (29,883,554) (58,740,308) (1,278,027,623) (2,455,289,015) 
Net increase (decrease) 3,264,870 29,623,378 $141,030,162 $1,232,931,503 
Institutional Class     
Shares sold 17,212,177 40,718,664 $736,693,769 $1,697,292,859 
Reinvestment of distributions 69,194 1,587,399 2,996,108 67,153,832 
Shares redeemed (9,455,846) (28,030,811) (404,254,288) (1,191,741,771) 
Net increase (decrease) 7,825,525 14,275,252 $335,435,589 $572,704,920 
Institutional Premium Class     
Shares sold 40,779,080 81,804,104(b) $1,735,731,588 $3,495,868,171(b) 
Reinvestment of distributions 169,572 3,827,749 7,342,489 161,918,344 
Shares redeemed (27,327,845)(a) (56,573,887)(c) (1,166,300,525)(a) (2,425,298,877)(c) 
Net increase (decrease) 13,620,807 29,057,966 $576,773,552 $1,232,487,638 

 (a)  Amount includes in-kind redemptions (see the Redemptions In-Kind note for additional details).

 (b)  Amount includes in-kind exchanges (see the Prior Fiscal Year Exchanges In-Kind note for additional details).

 (c) Amount includes in-kind redemptions (see the Prior Fiscal Year Redemptions In-Kind note for additional details).

12. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record, in the aggregate, of approximately 26% of the total outstanding shares of the Fidelity Total Market Index Fund.

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2018 to August 31, 2018).

Actual Expenses

The first line of the accompanying table for each class of each Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of each Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not a Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
March 1, 2018 		Ending
Account Value
August 31, 2018 		Expenses Paid
During Period-B
March 1, 2018
to August 31, 2018 
Fidelity Total Market Index     
Investor Class .08%    
Actual  $1,000.00 $1,088.50 $.42* 
Hypothetical-C  $1,000.00 $1,024.80 $.41* 
Premium Class .03%    
Actual  $1,000.00 $1,088.70 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Class .03%    
Actual  $1,000.00 $1,088.70 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Premium Class .02%    
Actual  $1,000.00 $1,088.90 $.11 
Hypothetical-C  $1,000.00 $1,025.10 $.10 
Class F .02%    
Actual  $1,000.00 $1,088.70 $.11 
Hypothetical-C  $1,000.00 $1,025.10 $.10 
Fidelity Extended Market Index     
Investor Class .09%    
Actual  $1,000.00 $1,133.50 $.48* 
Hypothetical-C  $1,000.00 $1,024.75 $.46* 
Premium Class .07%    
Actual  $1,000.00 $1,133.60 $.38 
Hypothetical-C  $1,000.00 $1,024.85 $.36 
Institutional Premium Class .05%    
Actual  $1,000.00 $1,133.70 $.27 
Hypothetical-C  $1,000.00 $1,024.95 $.26 
Fidelity International Index     
Investor Class .14%    
Actual  $1,000.00 $979.30 $.70* 
Hypothetical-C  $1,000.00 $1,024.50 $.71* 
Premium Class .06%    
Actual  $1,000.00 $980.10 $.30 
Hypothetical-C  $1,000.00 $1,024.90 $.31 
Institutional Class .05%    
Actual  $1,000.00 $979.90 $.25 
Hypothetical-C  $1,000.00 $1,024.95 $.26 
Institutional Premium Class .05%    
Actual  $1,000.00 $979.90 $.25 
Hypothetical-C  $1,000.00 $1,024.95 $.26 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 365 (to reflect the one-half year period).

 C 5% return per year before expenses

* If fees and changes to the class level expense contract and/or expense cap, effective August 1, 2018 had been in effect for the entire current period, the restated annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as shown in the table below:

 Annualized Expense Ratio(a) Expenses Paid
 
Fidelity Total Market Index   
Investor Class .02%  
Actual  $.11 
Hypothetical(b)  $.10 
Fidelity Extended Market Index   
Investor Class .05%  
Actual  $.27 
Hypothetical(b)  $.26 
Fidelity International Index   
Investor Class .05%  
Actual  $.25 
Hypothetical(b)  $.26 

 (a) Annualized expense ratio reflects expenses net of applicable fee waivers.

 (b) 5% return per year before expenses

Board Approval of Investment Advisory Contracts

Fidelity Extended Market Index Fund
Fidelity International Index Fund
Fidelity Total Market Index Fund

At its July 2018 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contracts with Fidelity Management & Research Company (FMR) and the sub-advisory agreements with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the funds for six months through January 31, 2019, in connection with the reunification of the Fidelity Equity High Income Funds Board, which oversees the funds, and the Sector Portfolios Board.

The Board also approved an amendment to the sub-advisory agreements with Geode for Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund (the Amended Contracts) to decrease the sub-advisory fee rate paid by FMR to Geode, on behalf of each fund, by 2.00 basis points and 1.00 basis point, respectively. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a range of information.

The Board considered that the approval of the funds' Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the funds' assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the funds' Advisory Contracts; or (iv) the day-to-day management of each fund or the persons primarily responsible for such management.

In its review of the proposed sub-advisory fee rate under the Amended Contracts, the Board considered that the proposed fee rate is lower by 2.00 basis points and 1.00 basis point for Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund, respectively, than the current sub-advisory fee rate for each fund. The Board noted that FMR, and not the funds, pays the sub-advisory fee out of its management fee. The Board considered that the Amended Contracts will not result in any changes to the current management fee rate under the funds' management contracts with FMR. The Board also considered that FMR will retain its obligation to pay fund-level operating expenses for Fidelity Extended Market Index fund and Fidelity Total Index Fund, with certain limited exceptions, under the funds' management contracts.

The Board considered that the contractual arrangements for each fund that oblige FMR to pay all "class-level" expenses of each class of the fund to the extent necessary to limit total expenses, with certain exceptions, were being set at 0.015% for all classes for Fidelity Total Market Index Fund and 0.045% for all classes of Fidelity Extended Market Index Fund and Fidelity International Index Fund.

The Board concluded that the funds' Advisory Contracts are fair and reasonable, and that the funds' Advisory Contracts should be renewed, without modification (except as noted above for Fidelity Extended Market Index Fund's and Fidelity Total Market Index Fund's sub-advisory contracts with Geode), through January 31, 2019, with the understanding that the Board will consider the annual renewal for a full one year period in January 2019.

In connection with its consideration of future renewals of the funds' Advisory Contracts, the Board will consider: (i) the nature, extent and quality of services provided to the funds, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for each fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing each fund and its shareholders, to the extent applicable, as well as potential fall-out benefits from Fidelity's non-fund businesses; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the funds) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies. Because the Board was approving an arrangement under which the fees were being reduced, the Board did not consider FMR's or Geode's costs of services, revenues, or profitability to be significant factors in its decision to approve the Amended Contracts. In connection with its approval of the Amended Contracts, the Board did not consider economies of scale to be a significant factor in its decision to approve the agreement because FMR will continue to contractually limit fund expenses.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the funds' management fee structures are fair and reasonable, and that the Amended Contacts for Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund and the continuation of the funds' Advisory Contracts should be approved.





Fidelity Investments

SIF-SANN-1018
1.707985.120

Fidelity® Total Market Index Fund
Institutional Class and Institutional Premium Class

Fidelity® Extended Market Index Fund
Institutional Premium Class

Fidelity® International Index Fund
Institutional Class and Institutional Premium Class



Semi-Annual Report

August 31, 2018



Fidelity Investments


Contents

Notes to shareholders

Fidelity® Total Market Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity® Extended Market Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity® International Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts


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Notes to shareholders:

In July, the Board of Trustees approved a proposal to consolidate the Fund’s publicly offered share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity Total Market Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .015% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

In July, the Board of Trustees approved a proposal to consolidate the Fund’s share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity Extended Market Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .045% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

In July, the Board of Trustees approved a proposal to consolidate the Fund’s share classes into a single share class. The consolidation will take place in November, and the surviving class name will be Fidelity International Index. The changes will not impact how the Fund is managed. As part of this initiative, effective August 1, 2018, the Board of Trustees approved a change in the expense contract limiting the total expenses paid by each class, with certain exceptions, to .045% of each class’ average net assets on an annual basis. Also, purchase minimums and eligibility requirements were removed.

Fidelity® Total Market Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Apple, Inc. 3.7 
Microsoft Corp. 2.9 
Amazon.com, Inc. 2.7 
Facebook, Inc. Class A 1.4 
Berkshire Hathaway, Inc. Class B 1.4 
JPMorgan Chase & Co. 1.3 
Alphabet, Inc. Class C 1.3 
Alphabet, Inc. Class A 1.2 
Johnson & Johnson 1.2 
Exxon Mobil Corp. 1.1 
 18.2 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 25.3 
Health Care 14.2 
Financials 14.2 
Consumer Discretionary 13.1 
Industrials 10.3 
Consumer Staples 6.0 
Energy 5.6 
Real Estate 3.6 
Materials 2.9 
Utilities 2.8 

Fidelity® Total Market Index Fund

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.7%   
 Shares Value 
CONSUMER DISCRETIONARY - 13.1%   
Auto Components - 0.3%   
Adient PLC (a) 181,691 $7,865,403 
American Axle & Manufacturing Holdings, Inc. (b) 188,109 3,331,410 
Aptiv PLC 510,121 44,895,749 
Autoliv, Inc. (a) 165,669 14,759,451 
BorgWarner, Inc. 386,356 16,910,802 
CDTi Advanced Materials, Inc. (a)(b) 8,475 3,221 
Cooper Tire & Rubber Co. (a) 104,300 3,009,055 
Cooper-Standard Holding, Inc. (b) 32,523 4,502,159 
Dana Holding Corp. 270,404 5,291,806 
Delphi Technologies PLC 171,828 6,053,500 
Dorman Products, Inc. (a)(b) 61,275 4,962,050 
Fox Factory Holding Corp. (b) 77,770 5,136,709 
Gentex Corp. 532,304 12,445,268 
Gentherm, Inc. (b) 78,354 3,855,017 
Hertz Global Holdings, Inc. (a)(b) 158,981 2,799,655 
Horizon Global Corp. (a)(b) 41,718 323,732 
LCI Industries 49,871 4,635,509 
Lear Corp. 125,595 20,371,509 
Modine Manufacturing Co. (b) 92,466 1,558,052 
Motorcar Parts of America, Inc. (a)(b) 32,435 860,825 
Shiloh Industries, Inc. (b) 23,634 212,233 
Standard Motor Products, Inc. 42,212 2,143,103 
Stoneridge, Inc. (b) 60,173 1,800,978 
Strattec Security Corp. 4,334 148,656 
Superior Industries International, Inc. 39,790 863,443 
Sypris Solutions, Inc. (b) 16,848 26,957 
Tenneco, Inc. 96,642 4,135,311 
The Goodyear Tire & Rubber Co. 462,748 10,499,752 
Tower International, Inc. 37,453 1,265,911 
UQM Technologies, Inc. (a)(b) 38,648 46,378 
Veoneer, Inc. (a)(b) 173,291 8,654,153 
Visteon Corp. (b) 57,388 6,335,061 
VOXX International Corp. (b) 39,260 212,004 
Workhorse Group, Inc. (a)(b) 43,808 44,684 
  199,959,506 
Automobiles - 0.5%   
Ford Motor Co. 7,565,984 71,725,528 
General Motors Co. 2,461,659 88,742,807 
Harley-Davidson, Inc. 318,145 13,559,340 
REV Group, Inc. (a) 55,706 947,559 
Tesla, Inc. (a)(b) 259,511 78,284,088 
Thor Industries, Inc. 95,137 9,079,875 
Winnebago Industries, Inc. 53,916 1,992,196 
  264,331,393 
Distributors - 0.1%   
Core-Mark Holding Co., Inc. 91,667 3,278,929 
Educational Development Corp. 5,732 68,784 
Genuine Parts Co. 285,754 28,532,537 
LKQ Corp. (b) 602,544 20,799,819 
Pool Corp. 79,418 13,045,201 
Weyco Group, Inc. 6,395 226,831 
  65,952,101 
Diversified Consumer Services - 0.2%   
Adtalem Global Education, Inc. (b) 121,167 5,797,841 
American Public Education, Inc. (b) 34,036 1,182,751 
Ascent Capital Group, Inc. (b) 16,905 34,655 
Bridgepoint Education, Inc. (b) 52,176 613,590 
Bright Horizons Family Solutions, Inc. (b) 115,034 13,738,511 
Cambium Learning Group, Inc. (b) 26,588 355,747 
Career Education Corp. (b) 119,651 1,908,433 
Carriage Services, Inc. 24,048 547,573 
Chegg, Inc. (a)(b) 166,149 5,379,905 
Collectors Universe, Inc. 6,416 95,791 
Graham Holdings Co. 8,988 5,057,098 
Grand Canyon Education, Inc. (b) 92,016 10,962,786 
H&R Block, Inc. 401,847 10,873,980 
Houghton Mifflin Harcourt Co. (b) 207,270 1,336,892 
K12, Inc. (b) 75,246 1,246,074 
Laureate Education, Inc. Class A (b) 118,560 1,893,403 
Lincoln Educational Services Corp. (b) 15,671 34,476 
National American University Holdings, Inc. 5,378 4,733 
Regis Corp. (b) 65,150 1,393,559 
Service Corp. International 355,312 14,908,892 
ServiceMaster Global Holdings, Inc. (b) 263,570 15,885,364 
Sotheby's Class A (Ltd. vtg.) (a)(b) 77,436 3,718,477 
Strategic Education, Inc. 40,901 5,675,832 
Universal Technical Institute, Inc. (b) 29,419 80,020 
Weight Watchers International, Inc. (a)(b) 70,718 5,296,778 
Xpresspa Group, Inc. (b) 9,862 1,702 
  108,024,863 
Hotels, Restaurants & Leisure - 1.9%   
ARAMARK Holdings Corp. 479,975 19,717,373 
Belmond Ltd. Class A (b) 165,347 2,769,562 
BFC Financial Corp. Class A 157,194 1,167,951 
Biglari Holdings, Inc. (b) 247 236,656 
Biglari Holdings, Inc. (b) 2,475 488,936 
BJ's Restaurants, Inc. 35,904 2,717,933 
Bloomin' Brands, Inc. 181,456 3,502,101 
Bojangles', Inc. (a)(b) 34,765 507,569 
Boyd Gaming Corp. 160,056 5,829,240 
Brinker International, Inc. 86,305 3,821,585 
Caesars Entertainment Corp. (a)(b) 273,134 2,785,967 
Carnival Corp. 783,753 48,192,972 
Carrols Restaurant Group, Inc. (b) 61,598 973,248 
Century Casinos, Inc. (b) 44,390 355,120 
Chipotle Mexican Grill, Inc. (b) 47,391 22,519,255 
Choice Hotels International, Inc. 75,738 5,911,351 
Churchill Downs, Inc. 21,746 6,145,420 
Chuy's Holdings, Inc. (a)(b) 33,149 959,664 
Cracker Barrel Old Country Store, Inc. (a) 45,340 6,759,741 
Darden Restaurants, Inc. 238,981 27,731,355 
Dave & Buster's Entertainment, Inc. (b) 73,713 4,287,885 
Del Frisco's Restaurant Group, Inc. (b) 76,669 724,522 
Del Taco Restaurants, Inc. (b) 75,328 973,991 
Denny's Corp. (b) 128,799 1,941,001 
Dine Brands Global, Inc. (a) 36,646 3,057,009 
Domino's Pizza, Inc. 81,566 24,352,345 
Dover Downs Gaming & Entertainment, Inc. (a)(b) 54,619 174,781 
Dover Motorsports, Inc. 9,993 20,486 
Drive Shack, Inc. (b) 106,917 662,885 
Dunkin' Brands Group, Inc. (a) 158,881 11,580,836 
El Pollo Loco Holdings, Inc. (b) 42,298 503,346 
Eldorado Resorts, Inc. (a)(b) 117,072 5,625,310 
Empire Resorts, Inc. (b) 4,022 50,074 
Extended Stay America, Inc. unit 367,918 7,424,585 
Famous Dave's of America, Inc. (a)(b) 7,623 50,693 
Fiesta Restaurant Group, Inc. (b) 50,677 1,456,964 
Golden Entertainment, Inc. (b) 33,622 975,374 
Good Times Restaurants, Inc. (b) 7,939 38,901 
Habit Restaurants, Inc. Class A (a)(b) 36,946 611,456 
Hilton Grand Vacations, Inc. (b) 187,085 6,110,196 
Hilton Worldwide Holdings, Inc. 535,957 41,600,982 
Hyatt Hotels Corp. Class A 92,384 7,146,826 
ILG, Inc. 199,231 6,799,754 
Inspired Entertainment, Inc. (b) 3,769 26,760 
International Speedway Corp. Class A 44,736 1,975,094 
J. Alexanders Holdings, Inc. (b) 20,559 254,932 
Jack in the Box, Inc. 54,956 4,981,212 
Jamba, Inc. (a)(b) 31,127 404,028 
Kona Grill, Inc. (a)(b) 8,466 21,588 
Las Vegas Sands Corp. 707,662 46,295,248 
Lindblad Expeditions Holdings (b) 48,584 737,991 
Luby's, Inc. (b) 14,614 29,520 
Marriott International, Inc. Class A 573,134 72,484,257 
Marriott Vacations Worldwide Corp. (a) 47,812 5,689,628 
McDonald's Corp. 1,520,914 246,737,878 
MGM Mirage, Inc. 967,766 28,055,536 
Monarch Casino & Resort, Inc. (b) 19,895 936,060 
Nathan's Famous, Inc. 4,365 387,176 
Noodles & Co. (b) 77,002 947,125 
Norwegian Cruise Line Holdings Ltd. (b) 397,580 21,314,264 
Papa John's International, Inc. (a) 45,834 2,113,864 
Papa Murphy's Holdings, Inc. (a)(b) 22,690 125,930 
Penn National Gaming, Inc. (b) 158,816 5,472,799 
Pinnacle Entertainment, Inc. (b) 102,955 3,525,179 
Planet Fitness, Inc. (b) 173,759 8,926,000 
Playa Hotels & Resorts NV (b) 140,860 1,455,084 
PlayAGS, Inc. (a)(b) 43,230 1,385,089 
Potbelly Corp. (b) 40,772 552,461 
Rave Restaurant Group, Inc. (a)(b) 9,079 11,712 
RCI Hospitality Holdings, Inc. 15,482 502,081 
Red Lion Hotels Corp. (b) 39,040 532,896 
Red Robin Gourmet Burgers, Inc. (a)(b) 26,573 1,097,465 
Red Rock Resorts, Inc. 146,708 4,788,549 
Royal Caribbean Cruises Ltd. 330,573 40,521,638 
Ruth's Hospitality Group, Inc. 51,983 1,601,076 
Scientific Games Corp. Class A (b) 99,063 3,001,609 
SeaWorld Entertainment, Inc. (b) 127,392 3,735,133 
Shake Shack, Inc. Class A (a)(b) 40,965 2,476,334 
Six Flags Entertainment Corp. 148,179 10,009,491 
Sonic Corp. (a) 74,649 2,676,913 
Speedway Motorsports, Inc. 23,497 420,361 
Starbucks Corp. 2,667,937 142,601,233 
Texas Roadhouse, Inc. Class A 123,753 8,532,769 
The Cheesecake Factory, Inc. (a) 85,660 4,554,542 
Town Sports International Holdings, Inc. (b) 41,284 377,749 
U.S. Foods Holding Corp. (b) 262,925 8,568,726 
Vail Resorts, Inc. 78,002 23,248,496 
Wendy's Co. 365,963 6,459,247 
Wingstop, Inc. 55,195 3,695,305 
Wyndham Destinations, Inc. 185,484 8,198,393 
Wyndham Hotels & Resorts, Inc. 196,365 11,143,714 
Wynn Resorts Ltd. 163,093 24,193,216 
Yum! Brands, Inc. 624,046 54,223,357 
Zoe's Kitchen, Inc. (a)(b) 52,844 723,963 
  1,111,993,872 
Household Durables - 0.5%   
AV Homes, Inc. (a)(b) 17,632 378,206 
Bassett Furniture Industries, Inc. 18,263 426,441 
Beazer Homes U.S.A., Inc. (b) 65,476 838,748 
Cavco Industries, Inc. (b) 16,004 3,927,382 
Century Communities, Inc. (b) 43,258 1,265,297 
Comstock Holding Companies, Inc. (a)(b) 1,496 4,189 
CSS Industries, Inc. 16,118 223,718 
D.R. Horton, Inc. 659,836 29,369,300 
Dixie Group, Inc. (b) 11,105 18,879 
Emerson Radio Corp. (b) 23,724 34,637 
Ethan Allen Interiors, Inc. 53,577 1,192,088 
Flexsteel Industries, Inc. 9,186 327,756 
Garmin Ltd. 216,150 14,728,461 
GoPro, Inc. Class A (a)(b) 213,647 1,369,477 
Green Brick Partners, Inc. (b) 37,398 390,809 
Hamilton Beach Brands Holding Co. Class A 20,505 474,691 
Helen of Troy Ltd. (b) 53,200 6,328,140 
Hooker Furniture Corp. 23,607 992,674 
Hovnanian Enterprises, Inc. Class A (a)(b) 177,163 276,374 
Installed Building Products, Inc. (b) 45,849 2,134,271 
iRobot Corp. (a)(b) 54,125 6,143,188 
KB Home 166,267 4,131,735 
Koss Corp. (b) 2,669 9,715 
La-Z-Boy, Inc. 91,907 3,055,908 
Leggett & Platt, Inc. (a) 249,108 11,319,468 
Lennar Corp.:   
Class A 540,686 27,937,246 
Class B 9,673 408,007 
LGI Homes, Inc. (a)(b) 35,114 2,022,566 
Libbey, Inc. 41,937 412,241 
Lifetime Brands, Inc. 14,046 163,636 
M.D.C. Holdings, Inc. 99,376 3,150,219 
M/I Homes, Inc. (b) 59,108 1,531,488 
Meritage Homes Corp. (b) 78,833 3,401,644 
Mohawk Industries, Inc. (b) 121,467 23,271,863 
New Home Co. LLC (b) 17,775 156,065 
Newell Brands, Inc. 935,654 20,322,405 
Nova LifeStyle, Inc. (a)(b) 26,136 46,522 
NVR, Inc. (b) 6,477 17,283,551 
PulteGroup, Inc. (a) 497,686 13,910,324 
Roku, Inc. Class A (a) 86,359 5,137,497 
Skyline Champion Corp. 15,881 459,120 
Taylor Morrison Home Corp. (b) 213,917 4,162,825 
Tempur Sealy International, Inc. (a)(b) 87,333 4,837,375 
Toll Brothers, Inc. 278,640 10,095,127 
TopBuild Corp. (b) 72,015 4,485,094 
TRI Pointe Homes, Inc. (a)(b) 285,631 4,138,793 
Tupperware Brands Corp. 98,214 3,193,919 
Turtle Beach Corp. (a)(b) 12,175 278,929 
Universal Electronics, Inc. (b) 28,445 1,228,824 
Vuzix Corp. (a)(b) 35,528 230,932 
Whirlpool Corp. 124,156 15,517,017 
William Lyon Homes, Inc. (b) 53,155 1,040,243 
Zagg, Inc. (b) 47,415 768,123 
  258,953,147 
Internet & Direct Marketing Retail - 3.7%   
1-800-FLOWERS.com, Inc. Class A (b) 67,294 810,893 
Amazon.com, Inc. (b) 779,436 1,568,778,632 
Blue Apron Holdings, Inc. Class A (a)(b) 67,371 136,089 
Duluth Holdings, Inc. (a)(b) 29,946 866,637 
EVINE Live, Inc. (b) 71,405 91,398 
Expedia, Inc. 234,656 30,622,608 
FTD Companies, Inc. (b) 25,393 90,907 
Gaia, Inc. Class A (b) 16,336 285,880 
Groupon, Inc. (b) 761,063 3,249,739 
Lands' End, Inc. (a)(b) 31,890 819,573 
Liberty Expedia Holdings, Inc. (b) 113,147 5,221,734 
Liberty Interactive Corp. QVC Group Series A (b) 866,824 18,021,271 
Liberty TripAdvisor Holdings, Inc. (b) 137,066 2,172,496 
Netflix, Inc. (b) 841,160 309,277,709 
NutriSystem, Inc. 59,492 2,201,204 
Overstock.com, Inc. (a)(b) 36,823 1,075,232 
PetMed Express, Inc. (a) 38,488 1,412,125 
Shutterfly, Inc. (a)(b) 63,827 4,958,081 
The Booking Holdings, Inc. (b) 93,202 181,888,363 
TripAdvisor, Inc. (a)(b) 205,604 11,166,353 
U.S. Auto Parts Network, Inc. (b) 5,048 7,370 
Wayfair LLC Class A (a)(b) 83,777 11,324,137 
  2,154,478,431 
Leisure Products - 0.1%   
American Outdoor Brands Corp. (b) 96,497 1,353,853 
Brunswick Corp. 170,585 11,330,256 
Callaway Golf Co. 178,654 4,075,098 
Clarus Corp. 39,765 411,568 
Escalade, Inc. 7,022 93,393 
Hasbro, Inc. 219,161 21,764,879 
JAKKS Pacific, Inc. (a)(b) 36,433 92,904 
Johnson Outdoors, Inc. Class A 11,590 1,173,835 
Malibu Boats, Inc. Class A (b) 41,559 2,003,559 
Marine Products Corp. 11,741 230,593 
Mattel, Inc. (a) 665,394 10,267,029 
MCBC Holdings, Inc. (b) 29,639 817,147 
Nautilus, Inc. (b) 60,465 885,812 
Polaris Industries, Inc. 112,876 12,241,402 
Sturm, Ruger & Co., Inc. (a) 33,314 2,180,401 
Summer Infant, Inc. (b) 32,605 62,602 
Vista Outdoor, Inc. (b) 127,654 2,357,769 
  71,342,100 
Media - 2.3%   
A.H. Belo Corp. Class A 22,177 97,579 
Altice U.S.A., Inc. Class A 232,750 4,170,880 
AMC Entertainment Holdings, Inc. Class A 98,115 1,869,091 
AMC Networks, Inc. Class A (a)(b) 89,247 5,605,604 
Ballantyne of Omaha, Inc. (b) 17,964 78,143 
Cable One, Inc. 8,949 7,496,935 
CBS Corp. Class B 680,172 36,062,719 
Central European Media Enterprises Ltd. Class A (b) 124,885 474,563 
Charter Communications, Inc. Class A (a)(b) 359,235 111,506,544 
Cinedigm Corp. (b) 5,614 7,018 
Cinemark Holdings, Inc. 208,843 7,794,021 
Clear Channel Outdoor Holding, Inc. Class A 77,307 351,747 
Comcast Corp. Class A 8,885,843 328,687,333 
Daily Journal Corp. (a)(b) 644 153,562 
Discovery Communications, Inc.:   
Class A (a)(b) 319,936 8,903,819 
Class C (non-vtg.) (b) 640,780 16,429,599 
DISH Network Corp. Class A (b) 448,226 15,844,789 
E.W. Scripps Co. Class A 104,171 1,528,189 
Emmis Communications Corp. Class A (b) 1,993 10,124 
Entercom Communications Corp. Class A 253,845 1,992,683 
Entravision Communication Corp. Class A 112,796 592,179 
Fluent, Inc. (a)(b) 74,077 177,785 
Gannett Co., Inc. 225,017 2,313,175 
GCI Liberty, Inc. (b) 199,273 9,780,319 
Global Eagle Entertainment, Inc. (a)(b) 104,573 278,164 
Gray Television, Inc. (b) 155,347 2,710,805 
Harte-Hanks, Inc. (b) 4,548 39,067 
Hemisphere Media Group, Inc. (b) 12,793 175,264 
Insignia Systems, Inc. (b) 5,038 10,983 
Interpublic Group of Companies, Inc. 744,848 17,392,201 
John Wiley & Sons, Inc. Class A 90,167 5,820,280 
Lee Enterprises, Inc. (b) 85,702 244,251 
Liberty Broadband Corp.:   
Class A (b) 36,926 2,991,006 
Class C (b) 309,886 25,128,656 
Liberty Global PLC:   
Class A (b) 411,278 11,026,363 
Class C (b) 1,169,608 30,281,151 
Liberty Latin America Ltd. (b) 238,567 4,683,070 
Liberty Latin America Ltd. Class A (a)(b) 77,452 1,526,579 
Liberty Media Corp.:   
Liberty Braves Class A (b) 14,273 380,804 
Liberty Braves Class C (b) 76,194 2,024,475 
Liberty Formula One Group Series C (b) 402,255 14,867,345 
Liberty Media Class A (b) 46,551 1,628,354 
Liberty SiriusXM Series A (b) 131,422 6,142,664 
Liberty SiriusXM Series C (b) 365,783 17,206,432 
Lions Gate Entertainment Corp.:   
Class A (a) 145,390 3,419,573 
Class B 201,823 4,530,926 
Live Nation Entertainment, Inc. (b) 261,567 12,994,649 
LiveXLive Media, Inc. (a)(b) 25,647 130,030 
Loral Space & Communications Ltd. (b) 24,624 1,092,074 
Marcus Corp. 38,691 1,570,855 
Meredith Corp. 75,392 3,893,997 
MSG Network, Inc. Class A (a)(b) 116,814 2,838,580 
National CineMedia, Inc. 108,730 989,443 
New Media Investment Group, Inc. 138,364 2,199,988 
News Corp.:   
Class A 825,180 10,785,103 
Class B 150,998 2,053,573 
Nexstar Broadcasting Group, Inc. Class A 90,705 7,437,810 
Omnicom Group, Inc. (a) 439,557 30,470,091 
Reading International, Inc. Class A (b) 19,772 318,329 
RLJ Entertainment, Inc. (b) 5,726 35,788 
Saga Communications, Inc. Class A 3,882 147,516 
Salem Communications Corp. Class A 10,842 41,742 
Scholastic Corp. 52,798 2,219,628 
Sinclair Broadcast Group, Inc. Class A 143,587 4,156,844 
Sirius XM Holdings, Inc. (a) 2,832,370 20,109,827 
Social Reality, Inc. (a)(b) 7,116 30,883 
Tegna, Inc. 404,044 4,703,072 
The Madison Square Garden Co. (b) 32,008 9,664,496 
The McClatchy Co. Class A (a)(b) 6,072 54,648 
The New York Times Co. Class A (a) 260,178 6,062,147 
The Walt Disney Co. 2,876,969 322,278,067 
Townsquare Media, Inc. 1,285 11,475 
Tribune Media Co. Class A 137,277 5,064,149 
tronc, Inc. (b) 51,781 854,387 
Twenty-First Century Fox, Inc.:   
Class A 2,008,293 91,176,502 
Class B 878,618 39,449,948 
Urban One, Inc.:   
Class A (a)(b) 7,797 17,933 
Class D (non-vtg.) (b) 32,336 71,139 
Viacom, Inc. Class B (non-vtg.) 702,717 20,575,554 
World Wrestling Entertainment, Inc. Class A 75,130 6,567,113 
  1,324,504,193 
Multiline Retail - 0.4%   
Big Lots, Inc. (a) 84,039 3,617,879 
Dillard's, Inc. Class A (a) 40,152 3,155,144 
Dollar General Corp. 490,831 52,877,224 
Dollar Tree, Inc. (b) 457,955 36,869,957 
Fred's, Inc. Class A (a) 52,965 90,570 
JC Penney Corp., Inc. (a)(b) 587,373 1,039,650 
Kohl's Corp. 323,306 25,576,738 
Macy's, Inc. 591,490 21,618,960 
Nordstrom, Inc. 230,007 14,455,940 
Ollie's Bargain Outlet Holdings, Inc. (a)(b) 96,514 8,406,369 
Sears Holdings Corp. (a)(b) 98,150 131,521 
Target Corp. 1,036,338 90,679,575 
Tuesday Morning Corp. (a)(b) 61,992 189,076 
  258,708,603 
Specialty Retail - 2.3%   
Aaron's, Inc. Class A 121,761 6,053,957 
Abercrombie & Fitch Co. Class A 133,398 2,890,735 
Advance Auto Parts, Inc. 143,307 23,506,647 
America's Car Mart, Inc. (b) 12,295 1,026,018 
American Eagle Outfitters, Inc. 317,713 8,247,829 
Armstrong Flooring, Inc. (b) 44,365 776,831 
Asbury Automotive Group, Inc. (b) 40,476 3,015,462 
Ascena Retail Group, Inc. (a)(b) 349,700 1,601,626 
At Home Group, Inc. (b) 49,373 1,698,925 
AutoNation, Inc. (b) 112,063 5,082,057 
AutoZone, Inc. (b) 51,329 39,363,184 
Barnes & Noble Education, Inc. (b) 60,796 363,560 
Barnes & Noble, Inc. 136,068 714,357 
Bed Bath & Beyond, Inc. 260,771 4,678,232 
Best Buy Co., Inc. 474,196 37,727,034 
Big 5 Sporting Goods Corp. (a) 30,148 171,844 
Boot Barn Holdings, Inc. (a)(b) 56,571 1,693,170 
Build-A-Bear Workshop, Inc. (b) 20,831 191,645 
Burlington Stores, Inc. (b) 129,732 21,818,328 
Caleres, Inc. 81,369 3,293,817 
Camping World Holdings, Inc. (a) 60,852 1,260,245 
CarMax, Inc. (a)(b) 354,626 27,678,559 
Cars.com, Inc. (a)(b) 141,815 3,816,242 
Chico's FAS, Inc. 255,796 2,332,860 
Christopher & Banks Corp. (a)(b) 57,707 56,553 
Citi Trends, Inc. 26,292 813,474 
Conn's, Inc. (a)(b) 50,034 2,051,394 
Destination Maternity Corp. (b) 22,235 111,620 
Destination XL Group, Inc. (a)(b) 51,406 141,367 
Dick's Sporting Goods, Inc. 154,889 5,799,044 
DSW, Inc. Class A 144,844 4,817,511 
Express, Inc. (b) 161,303 1,809,820 
Five Below, Inc. (b) 105,680 12,308,550 
Floor & Decor Holdings, Inc. Class A (a)(b) 88,718 3,261,274 
Foot Locker, Inc. 229,516 11,315,139 
Francesca's Holdings Corp. (a)(b) 57,702 362,369 
GameStop Corp. Class A (a) 189,516 2,514,877 
Gap, Inc. 420,016 12,747,486 
Genesco, Inc. (a)(b) 38,400 1,952,640 
GNC Holdings, Inc. Class A (a)(b) 120,441 373,367 
Group 1 Automotive, Inc. 38,654 2,979,837 
Guess?, Inc. 114,124 2,796,038 
Haverty Furniture Companies, Inc. 37,183 821,744 
Hibbett Sports, Inc. (a)(b) 34,547 709,941 
Home Depot, Inc. 2,232,585 448,236,090 
Kirkland's, Inc. (a)(b) 21,240 193,072 
L Brands, Inc. 477,405 12,617,814 
Lithia Motors, Inc. Class A (sub. vtg.) (a) 46,519 4,019,242 
Lowe's Companies, Inc. 1,590,615 172,979,381 
Lumber Liquidators Holdings, Inc. (a)(b) 49,362 860,380 
MarineMax, Inc. (b) 36,815 828,338 
Michaels Companies, Inc. (b) 219,067 3,721,948 
Monro, Inc. (a) 70,777 5,021,628 
Murphy U.S.A., Inc. (b) 58,955 4,892,086 
New York & Co., Inc. (b) 45,085 205,137 
O'Reilly Automotive, Inc. (b) 158,023 53,004,075 
Office Depot, Inc. 1,052,572 3,526,116 
Party City Holdco, Inc. (a)(b) 63,433 973,697 
Penske Automotive Group, Inc. 71,056 3,739,677 
Pier 1 Imports, Inc. (a) 163,568 300,965 
Rent-A-Center, Inc. (b) 93,716 1,381,374 
RH (a)(b) 36,149 5,747,691 
Ross Stores, Inc. 729,785 69,898,807 
Sally Beauty Holdings, Inc. (a)(b) 228,422 3,517,699 
Sears Hometown & Outlet Stores, Inc. (a)(b) 10,000 30,000 
Shoe Carnival, Inc. 21,330 948,332 
Signet Jewelers Ltd. (a) 114,755 7,367,271 
Sleep Number Corp. (a)(b) 68,724 2,315,999 
Sonic Automotive, Inc. Class A (sub. vtg.) 52,893 1,137,200 
Sportsman's Warehouse Holdings, Inc. (a)(b) 85,108 485,967 
Stage Stores, Inc. (a) 38,699 81,268 
Stein Mart, Inc. (a)(b) 40,412 94,160 
Tailored Brands, Inc. (a) 94,987 2,235,994 
The Buckle, Inc. (a) 65,726 1,692,445 
The Cato Corp. Class A (sub. vtg.) 58,832 1,261,946 
The Children's Place Retail Stores, Inc. 32,586 4,586,480 
The Container Store Group, Inc. (b) 29,760 336,288 
Tiffany & Co., Inc. 196,681 24,122,925 
Tile Shop Holdings, Inc. 56,926 435,484 
Tilly's, Inc. 25,457 598,749 
TJX Companies, Inc. 1,214,266 133,532,832 
Tractor Supply Co. 236,298 20,860,387 
Trans World Entertainment Corp. (b) 2,977 2,769 
Ulta Beauty, Inc. (b) 110,358 28,693,080 
Urban Outfitters, Inc. (b) 151,625 7,047,530 
Vitamin Shoppe, Inc. (a)(b) 45,231 578,957 
Williams-Sonoma, Inc. (a) 147,711 10,373,744 
Winmark Corp. 3,398 506,982 
Zumiez, Inc. (b) 31,066 967,706 
  1,312,706,921 
Textiles, Apparel & Luxury Goods - 0.8%   
Carbon Black, Inc. (a) 27,353 692,851 
Carter's, Inc. 90,259 9,561,136 
Cherokee, Inc. (a)(b) 20,319 17,474 
Columbia Sportswear Co. 57,607 5,224,955 
Crocs, Inc. (a)(b) 126,644 2,616,465 
Culp, Inc. 13,004 329,651 
Deckers Outdoor Corp. (b) 58,429 7,118,989 
Delta Apparel, Inc. (b) 4,312 79,988 
Differential Brands Group, Inc. (a)(b) 30,760 148,263 
Emerald Expositions Events, Inc. 58,843 919,128 
Fossil Group, Inc. (a)(b) 83,664 1,896,663 
G-III Apparel Group Ltd. (b) 82,934 3,771,838 
Goosehead Insurance (a) 19,603 608,085 
Hanesbrands, Inc. (a) 689,492 12,093,690 
Iconix Brand Group, Inc. (a)(b) 101,691 35,592 
J.Jill, Inc. (b) 24,557 148,324 
Lakeland Industries, Inc. (b) 6,813 89,932 
lululemon athletica, Inc. (b) 183,774 28,472,106 
Michael Kors Holdings Ltd. (b) 289,686 21,036,997 
Movado Group, Inc. 39,217 1,670,644 
Newmark Group, Inc. 231,305 2,972,269 
NIKE, Inc. Class B 2,488,009 204,514,340 
Oxford Industries, Inc. 34,526 3,214,025 
Perry Ellis International, Inc. (b) 21,985 605,247 
PetIQ, Inc. Class A (a)(b) 18,886 739,576 
PVH Corp. 149,344 21,380,087 
Ralph Lauren Corp. 106,824 14,187,295 
Rocky Brands, Inc. 10,510 316,877 
Sequential Brands Group, Inc. (a)(b) 82,806 149,051 
Skechers U.S.A., Inc. Class A (sub. vtg.) (b) 260,590 7,682,193 
Steven Madden Ltd. 106,426 6,188,672 
Stitch Fix, Inc. (a)(b) 32,567 1,321,569 
Superior Group of Companies, Inc. 11,974 226,907 
Switch, Inc. Class A (a) 92,904 1,073,970 
Tapestry, Inc. 555,983 28,182,778 
TPG RE Finance Trust, Inc. 110,110 2,273,772 
Under Armour, Inc.:   
Class A (sub. vtg.) (a)(b) 376,747 7,704,476 
Class C (non-vtg.) (a)(b) 338,744 6,425,974 
Unifi, Inc. (b) 32,934 1,047,631 
Vera Bradley, Inc. (b) 29,957 439,170 
VF Corp. 636,388 58,630,426 
Vince Holding Corp. (b) 4,485 94,589 
Wolverine World Wide, Inc. 185,482 7,267,185 
  473,170,850 
TOTAL CONSUMER DISCRETIONARY  7,604,125,980 
CONSUMER STAPLES - 6.0%   
Beverages - 1.4%   
Boston Beer Co., Inc. Class A (b) 17,915 5,430,932 
Brown-Forman Corp.:   
Class A 46,010 2,421,966 
Class B (non-vtg.) 576,947 30,128,172 
Castle Brands, Inc. (a)(b) 173,742 199,803 
Celsius Holdings, Inc. (a)(b) 5,581 25,505 
Coca-Cola Bottling Co. Consolidated 9,702 1,645,071 
Constellation Brands, Inc. Class A (sub. vtg.) 325,717 67,814,279 
Craft Brew Alliance, Inc. (b) 14,306 271,099 
Keurig Dr. Pepper, Inc. 339,925 7,750,290 
MGP Ingredients, Inc. (a) 24,369 1,879,094 
Molson Coors Brewing Co. Class B 355,276 23,711,120 
Monster Beverage Corp. (b) 805,932 49,073,199 
National Beverage Corp. (a) 22,740 2,679,682 
New Age Beverages Corp. (a)(b) 33,316 49,308 
PepsiCo, Inc. 2,744,785 307,443,368 
Primo Water Corp. (b) 73,505 1,470,100 
REED'S, Inc. (a)(b) 1,830 6,039 
The Coca-Cola Co. 7,408,942 330,216,545 
  832,215,572 
Food & Staples Retailing - 1.3%   
Andersons, Inc. 52,768 2,155,573 
Casey's General Stores, Inc. 72,316 8,256,318 
Chefs' Warehouse Holdings (a)(b) 42,131 1,238,651 
Costco Wholesale Corp. 847,150 197,496,080 
Ingles Markets, Inc. Class A 27,092 973,957 
Kroger Co. 1,568,624 49,411,656 
Natural Grocers by Vitamin Cottage, Inc. (a)(b) 12,082 234,512 
Performance Food Group Co. (b) 173,233 5,734,012 
PriceSmart, Inc. 44,258 3,843,807 
Rite Aid Corp. (a)(b) 2,073,503 2,840,699 
Smart & Final Stores, Inc. (b) 46,551 325,857 
SpartanNash Co. 73,184 1,562,478 
Sprouts Farmers Market LLC (b) 232,354 6,150,410 
SUPERVALU, Inc. (b) 84,298 2,721,982 
Sysco Corp. 925,873 69,273,818 
United Natural Foods, Inc. (b) 95,946 3,407,042 
Village Super Market, Inc. Class A 10,106 294,893 
Walgreens Boots Alliance, Inc. 1,654,497 113,432,314 
Walmart, Inc. 2,801,224 268,525,333 
Weis Markets, Inc. (a) 34,945 1,628,088 
Welbilt, Inc. (b) 274,877 6,083,028 
  745,590,508 
Food Products - 1.1%   
Alico, Inc. 4,002 129,265 
Archer Daniels Midland Co. 1,082,838 54,575,035 
B&G Foods, Inc. Class A (a) 128,366 4,101,294 
Bunge Ltd. 273,076 17,744,478 
Cal-Maine Foods, Inc. 58,088 2,872,452 
Calavo Growers, Inc. (a) 30,246 3,201,539 
Campbell Soup Co. (a) 367,725 14,506,751 
Coffee Holding Co., Inc. (b) 3,401 17,379 
ConAgra Foods, Inc. 753,077 27,675,580 
Darling International, Inc. (b) 320,453 6,338,560 
Dean Foods Co. (a) 162,447 1,237,846 
Farmer Brothers Co. (a)(b) 27,261 790,569 
Flowers Foods, Inc. 375,117 7,558,608 
Fresh Del Monte Produce, Inc. 75,165 2,814,178 
Freshpet, Inc. (a)(b) 50,186 1,864,410 
General Mills, Inc. 1,142,077 52,546,963 
Hormel Foods Corp. (a) 525,328 20,566,591 
Hostess Brands, Inc. Class A (a)(b) 143,616 1,688,924 
Ingredion, Inc. 139,347 14,083,801 
J&J Snack Foods Corp. 28,653 4,169,012 
John B. Sanfilippo & Son, Inc. 17,222 1,258,412 
Kellogg Co. 482,493 34,638,172 
Lamb Weston Holdings, Inc. 279,395 18,887,102 
Lancaster Colony Corp. 37,363 5,838,716 
Landec Corp. (b) 37,230 500,744 
Lifeway Foods, Inc. (b) 1,962 7,063 
Limoneira Co. 27,146 837,454 
McCormick & Co., Inc. (non-vtg.) (a) 238,025 29,724,562 
Mondelez International, Inc. 2,848,224 121,676,129 
nLIGHT, Inc. (b) 16,268 501,217 
Pilgrim's Pride Corp. (a)(b) 106,035 1,960,587 
Pinnacle Foods, Inc. 228,760 15,194,239 
Post Holdings, Inc. (a)(b) 132,122 12,850,186 
Sanderson Farms, Inc. (a) 41,809 4,421,720 
Seaboard Corp. 559 2,059,792 
Seneca Foods Corp. Class A (b) 10,446 337,406 
The Hain Celestial Group, Inc. (b) 195,834 5,593,019 
The Hershey Co. 267,220 26,860,954 
The J.M. Smucker Co. (a) 217,711 22,506,963 
The Kraft Heinz Co. 1,157,959 67,474,271 
The Simply Good Foods Co. (a)(b) 130,919 2,356,542 
Tootsie Roll Industries, Inc. (a) 48,416 1,394,381 
TreeHouse Foods, Inc. (a)(b) 111,858 5,827,802 
Tyson Foods, Inc. Class A 573,631 36,029,763 
  657,220,431 
Household Products - 1.2%   
Central Garden & Pet Co. Class A (non-vtg.) (b) 103,595 3,763,606 
Church & Dwight Co., Inc. 469,221 26,548,524 
Clorox Co. 250,024 36,248,480 
Colgate-Palmolive Co. 1,690,893 112,292,204 
Energizer Holdings, Inc. 112,990 7,185,034 
Funko, Inc. (a)(b) 28,105 714,429 
Kimberly-Clark Corp. 676,991 78,219,540 
Oil-Dri Corp. of America 2,105 85,568 
Orchids Paper Products Co. (a)(b) 12,438 45,647 
Procter & Gamble Co. 4,860,945 403,215,388 
Spectrum Brands Holdings, Inc. (a) 90,795 7,885,546 
WD-40 Co. (a) 27,338 4,851,128 
  681,055,094 
Personal Products - 0.2%   
Avon Products, Inc. (a)(b) 847,443 1,694,886 
Coty, Inc. Class A 914,076 11,297,979 
Cyanotech Corp. (b) 2,300 8,280 
Edgewell Personal Care Co. (a)(b) 107,191 6,053,076 
elf Beauty, Inc. (a)(b) 38,054 528,570 
Estee Lauder Companies, Inc. Class A 432,535 60,606,804 
Herbalife Nutrition Ltd. (b) 221,367 12,527,159 
Inter Parfums, Inc. 36,672 2,394,682 
LifeVantage Corp. (b) 19,206 241,227 
Mannatech, Inc. 599 11,291 
MediFast, Inc. 21,194 4,848,128 
Natural Health Trends Corp. (a) 11,452 303,134 
Nature's Sunshine Products, Inc. (b) 6,985 62,865 
Nu Skin Enterprises, Inc. Class A 109,672 8,729,891 
Revlon, Inc. (a)(b) 25,388 552,189 
USANA Health Sciences, Inc. (b) 25,519 3,367,232 
Veru, Inc. (b) 11,731 23,345 
  113,250,738 
Tobacco - 0.8%   
22nd Century Group, Inc. (a)(b) 193,301 523,846 
Alliance One International, Inc. (a)(b) 16,429 290,793 
Altria Group, Inc. 3,658,356 214,086,993 
Philip Morris International, Inc. (a) 3,008,825 234,357,379 
Turning Point Brands, Inc. 13,210 444,649 
Universal Corp. 48,780 2,917,044 
Vector Group Ltd. (a) 224,341 3,484,016 
  456,104,720 
TOTAL CONSUMER STAPLES  3,485,437,063 
ENERGY - 5.6%   
Energy Equipment & Services - 0.8%   
ACM Research, Inc. (a)(b) 10,379 146,448 
Archrock, Inc. 242,413 3,066,524 
Aspen Aerogels, Inc. (b) 9,858 47,713 
Baker Hughes, a GE Co. Class A (a) 801,830 26,436,335 
Basic Energy Services, Inc. (b) 42,877 379,890 
Bristow Group, Inc. (a)(b) 59,922 656,745 
C&J Energy Services, Inc. (b) 129,736 2,717,969 
Carbo Ceramics, Inc. (a)(b) 36,697 317,429 
Core Laboratories NV (a) 87,182 9,986,698 
Dawson Geophysical Co. 23,761 147,318 
Diamond Offshore Drilling, Inc. (a)(b) 137,256 2,391,000 
Dril-Quip, Inc. (a)(b) 70,873 3,731,463 
ENGlobal Corp. (b) 5,637 5,862 
Ensco PLC Class A (a) 839,272 5,740,620 
Enservco Corp. (b) 20,536 13,556 
Era Group, Inc. (b) 33,138 395,668 
Exterran Corp. (b) 64,985 1,779,939 
Forum Energy Technologies, Inc. (b) 145,804 1,742,358 
Frank's International NV (a) 132,102 1,166,461 
FTS International, Inc. (b) 53,091 585,594 
Geospace Technologies Corp. (b) 25,924 366,306 
Gulf Island Fabrication, Inc. 22,854 215,970 
GulfMark Offshore, Inc. (b) 3,372 123,078 
Halliburton Co. 1,685,224 67,223,585 
Helix Energy Solutions Group, Inc. (b) 271,820 2,544,235 
Helmerich & Payne, Inc. 210,015 13,770,684 
Hornbeck Offshore Services, Inc. (b) 51,518 227,194 
Independence Contract Drilling, Inc. (b) 45,769 200,011 
ION Geophysical Corp. (a)(b) 19,328 346,938 
Key Energy Services, Inc. (b) 13,975 186,706 
Liberty Oilfield Services, Inc. Class A (a) 24,986 490,725 
Mammoth Energy Services, Inc. 21,777 598,432 
Matrix Service Co. (b) 47,813 999,292 
McDermott International, Inc. (a)(b) 349,179 6,753,122 
Mitcham Industries, Inc. (b) 23,287 93,148 
Nabors Industries Ltd. 664,054 4,097,213 
National Oilwell Varco, Inc. 740,374 34,849,404 
Natural Gas Services Group, Inc. (b) 21,602 477,404 
NCS Multistage Holdings, Inc. (a)(b) 41,493 675,091 
Newpark Resources, Inc. (b) 184,008 1,932,084 
Noble Corp. (a)(b) 468,541 2,858,100 
Oceaneering International, Inc. (a) 195,230 5,519,152 
Oil States International, Inc. (b) 113,918 3,856,124 
Parker Drilling Co. (a)(b) 12,021 47,363 
Patterson-UTI Energy, Inc. 419,954 7,193,812 
PHI, Inc. (non-vtg.) (b) 18,377 149,773 
Pioneer Energy Services Corp. (b) 156,417 500,534 
Profire Energy, Inc. (a)(b) 41,596 118,549 
Quintana Energy Services, Inc. (b) 2,698 21,125 
Ranger Energy Services, Inc. Class A 4,519 37,734 
RigNet, Inc. (b) 17,672 288,054 
Rowan Companies PLC (b) 235,223 3,302,531 
RPC, Inc. (a) 112,587 1,540,190 
Schlumberger Ltd. 2,683,559 169,493,586 
SEACOR Holdings, Inc. (b) 35,706 1,837,074 
SEACOR Marine Holdings, Inc. (a)(b) 30,560 625,869 
Smart Sand, Inc. (a)(b) 41,295 205,649 
Solaris Oilfield Infrastructure, Inc. Class A (a)(b) 42,266 727,821 
Superior Energy Services, Inc. (b) 304,963 2,744,667 
Synthesis Energy Systems, Inc. (a)(b) 17,261 43,153 
TechnipFMC PLC 836,314 25,616,298 
TETRA Technologies, Inc. (b) 232,409 1,066,757 
Tidewater, Inc. (a)(b) 49,250 1,576,000 
Transocean Ltd. (United States) (a)(b) 847,118 10,258,599 
U.S. Silica Holdings, Inc. (a) 151,843 3,217,553 
Unit Corp. (b) 111,239 2,924,473 
Weatherford International PLC (a)(b) 1,940,346 4,695,637 
  448,092,389 
Oil, Gas & Consumable Fuels - 4.8%   
Abraxas Petroleum Corp. (b) 314,017 706,538 
Adams Resources & Energy, Inc. 2,090 95,931 
Aemetis, Inc. (b) 10,055 12,468 
Alta Mesa Resources, Inc. Class A (a)(b) 252,424 1,196,490 
Amyris, Inc. (b) 57,217 513,236 
Anadarko Petroleum Corp. 994,044 64,016,434 
Andeavor 268,435 41,014,184 
Antero Resources Corp. (a)(b) 422,093 7,812,941 
Apache Corp. (a) 746,316 32,711,030 
Approach Resources, Inc. (a)(b) 78,465 169,484 
Arch Coal, Inc. 42,349 3,755,086 
Barnwell Industries, Inc. (b) 2,847 5,552 
Bonanza Creek Energy, Inc. (b) 37,069 1,149,139 
Cabot Oil & Gas Corp. 871,957 20,778,735 
California Resources Corp. (a)(b) 88,597 3,680,319 
Callon Petroleum Co. (a)(b) 420,739 4,754,351 
Carrizo Oil & Gas, Inc. (b) 172,025 4,166,446 
Centennial Resource Development, Inc. Class A (a)(b) 344,528 6,639,055 
Cheniere Energy, Inc. (b) 401,045 26,841,942 
Chesapeake Energy Corp. (a)(b) 1,742,599 7,719,714 
Chevron Corp. 3,702,458 438,593,175 
Cimarex Energy Co. 183,774 15,525,228 
Clean Energy Fuels Corp. (b) 297,103 817,033 
Cloud Peak Energy, Inc. (b) 152,269 359,355 
CNX Resources Corp. (b) 384,888 6,135,115 
Comstock Resources, Inc. (b) 24,083 233,123 
Concho Resources, Inc. (b) 367,017 50,336,382 
ConocoPhillips Co. 2,262,000 166,098,660 
CONSOL Energy, Inc. (b) 46,254 1,984,297 
Contango Oil & Gas Co. (b) 51,306 350,420 
Continental Resources, Inc. (a)(b) 166,423 10,975,597 
CVR Energy, Inc. 55,713 2,119,880 
Delek U.S. Holdings, Inc. 145,396 7,924,082 
Denbury Resources, Inc. (a)(b) 776,911 4,327,394 
Devon Energy Corp. 1,010,875 43,396,864 
Diamondback Energy, Inc. (a) 190,782 23,099,885 
Dorian Lpg Ltd. (b) 58,912 448,909 
Earthstone Energy, Inc. (b) 37,545 314,627 
Eclipse Resources Corp. (a)(b) 169,538 242,439 
Energen Corp. (b) 189,530 14,698,052 
Energy XXI Gulf Coast, Inc. (b) 77,532 701,665 
EOG Resources, Inc. 1,119,898 132,405,541 
EP Energy Corp. (a)(b) 91,298 159,772 
EQT Corp. 487,292 24,861,638 
Evolution Petroleum Corp. 53,534 538,017 
Extraction Oil & Gas, Inc. (a)(b) 258,177 2,981,944 
Exxon Mobil Corp. 8,197,875 657,223,639 
Gastar Exploration, Inc. (a)(b) 285,601 22,591 
Gevo, Inc. (b) 391 1,505 
Goodrich Petroleum Corp. (b) 2,143 29,981 
Green Plains, Inc. 92,023 1,633,408 
Gulfport Energy Corp. (b) 315,474 3,709,974 
Halcon Resources Corp. (a)(b) 292,167 1,338,125 
Hallador Energy Co. 29,822 182,212 
Hess Corp. 507,504 34,175,319 
Highpoint Resources, Inc. (b) 185,582 1,022,557 
HollyFrontier Corp. 340,082 25,342,911 
Houston American Energy Corp. (a)(b) 36,485 8,209 
International Seaways, Inc. (b) 72,136 1,480,231 
Isramco, Inc. (b) 123 14,354 
Jagged Peak Energy, Inc. (a)(b) 69,960 924,172 
Jones Energy, Inc. (a)(b) 91,542 30,209 
Kinder Morgan, Inc. 3,693,070 65,367,339 
Kosmos Energy Ltd. (b) 461,148 4,168,778 
Laredo Petroleum, Inc. (a)(b) 240,236 1,991,556 
Lilis Energy, Inc. (b) 59,171 314,790 
Lonestar Resources U.S., Inc. (b) 34,550 314,060 
Marathon Oil Corp. 1,650,620 35,504,836 
Marathon Petroleum Corp. (a) 894,111 73,576,394 
Matador Resources Co. (b) 204,200 6,685,508 
Midstates Petroleum Co., Inc. (b) 45,703 531,526 
Murphy Oil Corp. 318,754 9,827,186 
NACCO Industries, Inc. Class A 7,854 276,068 
Newfield Exploration Co. (b) 385,018 10,503,291 
Nextdecade Corp. (b) 29,373 199,443 
Nine Energy Service, Inc. (b) 17,673 529,837 
Noble Energy, Inc. 938,001 27,877,390 
Northern Oil & Gas, Inc. (a)(b) 401,909 1,386,586 
Oasis Petroleum, Inc. (b) 513,906 6,917,175 
Occidental Petroleum Corp. 1,480,195 118,223,175 
ONEOK, Inc. 793,898 52,325,817 
Overseas Shipholding Group, Inc. (b) 80,103 274,753 
Pacific Ethanol, Inc. (b) 51,285 94,877 
Panhandle Royalty Co. Class A 32,305 602,488 
Par Pacific Holdings, Inc. (b) 53,028 1,076,999 
Parsley Energy, Inc. Class A (b) 491,333 13,644,317 
PBF Energy, Inc. Class A 226,592 11,764,657 
PDC Energy, Inc. (b) 129,015 6,797,800 
Peabody Energy Corp. 196,719 8,126,462 
Penn Virginia Corp. (b) 26,001 2,312,529 
Phillips 66 Co. 811,254 96,141,712 
Pioneer Natural Resources Co. 330,465 57,732,236 
QEP Resources, Inc. (b) 446,077 4,447,388 
Ramaco Resources, Inc. (b) 3,779 30,043 
Range Resources Corp. (a) 439,535 7,217,165 
Renewable Energy Group, Inc. (a)(b) 62,786 1,692,083 
Resolute Energy Corp. (a)(b) 38,744 1,277,002 
Rex American Resources Corp. (b) 10,566 851,408 
Ring Energy, Inc. (b) 109,353 1,290,365 
Sanchez Energy Corp. (a)(b) 123,254 324,158 
SandRidge Energy, Inc. (b) 72,603 1,151,484 
SemGroup Corp. Class A 145,251 3,515,074 
SilverBow Resources, Inc. (b) 10,559 325,851 
SM Energy Co. 199,361 5,998,772 
Southwestern Energy Co. (a)(b) 981,701 5,517,160 
SRC Energy, Inc. (a)(b) 511,242 4,759,663 
Talos Energy, Inc. (a)(b) 44,486 1,535,657 
Targa Resources Corp. 423,778 23,337,454 
Tellurian, Inc. (a)(b) 177,746 1,718,804 
Tengasco, Inc. (b) 1,261 1,374 
The Williams Companies, Inc. 2,295,420 67,921,478 
Torchlight Energy Resources, Inc. (a)(b) 92,571 108,308 
TransAtlantic Petroleum Ltd. (b) 18,382 31,801 
U.S. Energy Corp. (b) 2,263 2,111 
Ultra Petroleum Corp. (a)(b) 342,191 448,270 
Uranium Energy Corp. (a)(b) 246,510 421,532 
VAALCO Energy, Inc. (b) 93,861 227,144 
Valero Energy Corp. 832,451 98,129,324 
Vertex Energy, Inc. (b) 17,824 22,815 
W&T Offshore, Inc. (b) 182,009 1,232,201 
Westwater Resources, Inc. (b) 2,190 482 
Whiting Petroleum Corp. (b) 173,178 8,816,492 
WildHorse Resource Development Corp. (a)(b) 44,975 977,757 
World Fuel Services Corp. 131,814 3,694,746 
WPX Energy, Inc. (b) 763,651 14,562,825 
Zion Oil & Gas, Inc. (a)(b) 91,553 169,373 
  2,781,354,715 
TOTAL ENERGY  3,229,447,104 
FINANCIALS - 14.2%   
Banks - 6.3%   
1st Source Corp. 36,318 2,033,445 
Access National Corp. 21,459 582,397 
ACNB Corp. 3,789 135,646 
Allegiance Bancshares, Inc. (b) 20,938 932,788 
American National Bankshares, Inc. 2,748 113,080 
Ameris Bancorp 90,826 4,509,511 
Ames National Corp. 2,652 80,223 
Arrow Financial Corp. 18,251 718,177 
Associated Banc-Corp. 344,650 9,391,713 
Atlantic Capital Bancshares, Inc. (b) 43,769 798,784 
Banc of California, Inc. 80,001 1,612,020 
BancFirst Corp. 35,422 2,259,924 
Bancorp, Inc., Delaware (b) 97,581 978,737 
BancorpSouth Bank 160,679 5,591,629 
Bank of America Corp. 18,232,836 563,941,617 
Bank of Commerce Holdings 29,023 374,397 
Bank of Hawaii Corp. 99,587 8,278,667 
Bank of Marin Bancorp 9,794 863,341 
Bank of the Ozarks, Inc. 240,055 9,712,625 
BankUnited, Inc. 207,169 8,036,086 
Banner Corp. 61,987 3,987,624 
Bar Harbor Bankshares 27,763 817,620 
BB&T Corp. 1,511,868 78,103,101 
BCB Bancorp, Inc. 17,750 263,588 
Berkshire Hills Bancorp, Inc. 73,022 3,085,180 
Blue Hills Bancorp, Inc. 49,471 1,137,833 
BOK Financial Corp. (a) 55,786 5,720,854 
Boston Private Financial Holdings, Inc. 170,375 2,461,919 
Bridge Bancorp, Inc. 53,457 1,870,995 
Brookline Bancorp, Inc., Delaware 166,351 3,019,271 
Bryn Mawr Bank Corp. 36,473 1,779,882 
Byline Bancorp, Inc. (b) 33,722 769,873 
C & F Financial Corp. 2,353 146,592 
Cadence Bancorp Class A 130,194 3,677,981 
Cambridge Bancorp 6,912 618,831 
Camden National Corp. 25,093 1,147,754 
Capital City Bank Group, Inc. 8,375 205,355 
Carolina Financial Corp. 39,610 1,629,952 
Cathay General Bancorp 153,714 6,502,102 
CB Financial Services, Inc. 603 19,356 
CBTX, Inc. 7,433 271,825 
Centerstate Banks of Florida, Inc. 112,474 3,443,954 
Central Pacific Financial Corp. 60,455 1,712,690 
Central Valley Community Bancorp 4,570 98,758 
Century Bancorp, Inc. Class A (non-vtg.) 1,470 104,738 
Chemical Financial Corp. 146,142 8,347,631 
CIT Group, Inc. 226,547 12,287,909 
Citigroup, Inc. 4,939,098 351,861,342 
Citizens & Northern Corp. 8,777 245,844 
Citizens Financial Group, Inc. 931,050 38,322,018 
City Holding Co. 28,334 2,297,321 
Civista Bancshares, Inc. (a) 10,636 253,988 
CNB Financial Corp., Pennsylvania 22,243 685,752 
CoBiz, Inc. 67,032 1,545,088 
Columbia Banking Systems, Inc. 148,473 6,272,984 
Comerica, Inc. 326,819 31,858,316 
Commerce Bancshares, Inc. 203,445 14,456,802 
Community Bank System, Inc. 104,083 6,883,009 
Community Bankers Trust Corp. (b) 24,176 218,793 
Community Financial Corp. 3,879 129,171 
Community Trust Bancorp, Inc. 33,336 1,646,798 
ConnectOne Bancorp, Inc. 58,487 1,441,705 
Cullen/Frost Bankers, Inc. 121,517 13,475,020 
Customers Bancorp, Inc. (b) 55,994 1,383,052 
CVB Financial Corp. 206,313 4,961,828 
Eagle Bancorp, Inc. (b) 65,114 3,506,389 
East West Bancorp, Inc. 276,842 17,549,014 
Enterprise Bancorp, Inc. 15,551 559,369 
Enterprise Financial Services Corp. 42,931 2,417,015 
Equity Bancshares, Inc. (b) 26,482 1,074,904 
Evans Bancorp, Inc. 6,302 299,660 
Farmers & Merchants Bancorp, Inc. 18,588 845,568 
Farmers National Banc Corp. 66,489 1,053,851 
FCB Financial Holdings, Inc. Class A (b) 85,791 4,443,974 
Fidelity Southern Corp. 39,911 969,837 
Fifth Third Bancorp 1,317,810 38,783,148 
Financial Institutions, Inc. 23,952 773,650 
First Bancorp, North Carolina 56,302 2,348,919 
First Bancorp, Puerto Rico (b) 339,786 2,973,128 
First Bancshares, Inc. 18,277 750,271 
First Bank Hamilton New Jersey 19,927 284,956 
First Busey Corp. 89,914 2,881,744 
First Business Finance Services, Inc. 4,840 107,254 
First Choice Bancorp (a) 11,848 321,673 
First Citizen Bancshares, Inc. 17,547 8,335,000 
First Commonwealth Financial Corp. 293,672 4,919,006 
First Community Bancshares, Inc. 16,138 541,753 
First Community Corp. 3,993 100,424 
First Connecticut Bancorp, Inc. 24,108 764,224 
First Financial Bancorp, Ohio 203,721 6,396,839 
First Financial Bankshares, Inc. (a) 141,084 8,521,474 
First Financial Corp., Indiana 19,844 1,020,974 
First Financial Northwest, Inc. 4,251 74,222 
First Foundation, Inc. (b) 55,932 904,980 
First Hawaiian, Inc. 172,644 5,004,950 
First Horizon National Corp. 627,383 11,556,395 
First Internet Bancorp 13,171 414,228 
First Interstate Bancsystem, Inc. 47,490 2,205,911 
First Merchants Corp. 86,573 4,165,893 
First Mid-Illinois Bancshares, Inc. 15,730 646,346 
First Midwest Bancorp, Inc., Delaware 205,561 5,587,148 
First Northwest Bancorp (b) 5,375 89,978 
First of Long Island Corp. 41,744 910,019 
First Republic Bank 311,307 31,625,678 
First United Corp. 8,652 174,338 
Flushing Financial Corp. 54,005 1,399,810 
FNB Corp., Pennsylvania 709,792 9,546,702 
Franklin Financial Network, Inc. (b) 20,997 811,534 
Fulton Financial Corp. 371,843 6,767,543 
German American Bancorp, Inc. 39,052 1,467,965 
Glacier Bancorp, Inc. 160,846 7,347,445 
Great Southern Bancorp, Inc. 24,910 1,477,163 
Great Western Bancorp, Inc. 113,857 4,957,334 
Green Bancorp, Inc. 56,100 1,346,400 
Guaranty Bancorp 49,165 1,536,406 
Guaranty Bancshares, Inc. Texas 2,629 82,682 
Hancock Whitney Corp. 162,816 8,393,165 
Hanmi Financial Corp. 61,810 1,613,241 
HarborOne Bancorp, Inc. (b) 47,994 945,962 
Heartland Financial U.S.A., Inc. 59,340 3,607,872 
Heritage Commerce Corp. 73,335 1,161,626 
Heritage Financial Corp., Washington 64,195 2,330,279 
Hilltop Holdings, Inc. 152,809 3,170,787 
Home Bancshares, Inc. 351,965 8,239,501 
HomeTrust Bancshares, Inc. (b) 28,372 817,114 
Hope Bancorp, Inc. 265,233 4,644,230 
Horizon Bancorp, Inc. Indiana 110,052 2,248,362 
Howard Bancorp, Inc. (b) 9,598 167,485 
Huntington Bancshares, Inc. 2,130,346 34,532,909 
IBERIABANK Corp. 109,468 9,485,402 
Independent Bank Corp. 42,453 1,059,202 
Independent Bank Corp., Massachusetts 57,790 5,264,669 
Independent Bank Group, Inc. 38,579 2,671,596 
International Bancshares Corp. 113,872 5,334,903 
Investar Holding Corp. 8,384 230,141 
Investors Bancorp, Inc. 516,646 6,613,069 
JPMorgan Chase & Co. 6,584,233 754,421,417 
KeyCorp 2,062,964 43,466,651 
Lakeland Bancorp, Inc. 83,017 1,602,228 
Lakeland Financial Corp. 50,591 2,492,619 
LegacyTexas Financial Group, Inc. 83,607 3,868,496 
Live Oak Bancshares, Inc. (a) 47,360 1,432,640 
Luther Burbank Corp. 30,837 351,542 
M&T Bank Corp. 281,584 49,882,606 
Macatawa Bank Corp. 24,767 308,844 
Mackinac Financial Corp. 1,739 28,433 
MB Financial, Inc. 163,929 7,943,999 
MBT Financial Corp. 19,637 215,025 
Mercantile Bank Corp. 25,655 908,444 
Merchants Bancorp/IN 14,909 389,274 
Metropolitan Bank Holding Corp. (b) 4,468 184,260 
Middlefield Banc Corp. 407 20,187 
Midland States Bancorp, Inc. 35,184 1,211,385 
Midsouth Bancorp, Inc. 23,289 357,486 
MidWestOne Financial Group, Inc. 15,589 522,855 
MutualFirst Financial, Inc. 20,181 766,878 
National Bank Holdings Corp. 64,357 2,583,934 
National Bankshares, Inc. 6,356 292,376 
National Commerce Corp. (b) 28,066 1,234,904 
NBT Bancorp, Inc. 92,219 3,733,025 
Nicolet Bankshares, Inc. (b) 10,757 595,508 
Northeast Bancorp 10,393 226,567 
Northrim Bancorp, Inc. 7,659 341,208 
Norwood Financial Corp. (a) 7,600 298,224 
OFG Bancorp (a) 84,264 1,365,077 
Ohio Valley Banc Corp. 4,212 177,536 
Old Line Bancshares, Inc. 18,401 629,314 
Old National Bancorp, Indiana 272,863 5,539,119 
Old Point Financial Corp. 1,881 50,035 
Old Second Bancorp, Inc. 47,209 729,379 
Opus Bank 31,202 884,577 
Origin Bancorp, Inc. 11,465 464,562 
Orrstown Financial Services, Inc. 6,508 169,533 
Pacific Mercantile Bancorp (b) 10,321 104,242 
Pacific Premier Bancorp, Inc. (b) 71,645 2,833,560 
PacWest Bancorp 249,776 12,611,190 
Park National Corp. 28,727 3,164,279 
Parke Bancorp, Inc. 2,161 49,811 
PCSB Financial Corp. 61,717 1,266,433 
Peapack-Gladstone Financial Corp. 31,072 1,038,116 
Penns Woods Bancorp, Inc. 3,854 174,509 
People's Utah Bancorp 31,031 1,121,771 
Peoples Bancorp of North Carolina 4,241 129,435 
Peoples Bancorp, Inc. 36,511 1,309,284 
Peoples Financial Services Corp. 12,111 556,864 
Peoples United Financial, Inc. (a) 659,838 12,213,601 
Pinnacle Financial Partners, Inc. 140,084 9,042,422 
PNC Financial Services Group, Inc. 909,698 130,578,051 
Popular, Inc. 204,979 10,318,643 
Preferred Bank, Los Angeles 26,157 1,601,070 
Premier Financial Bancorp, Inc. 6,971 135,935 
Prosperity Bancshares, Inc. 133,535 9,993,759 
QCR Holdings, Inc. 31,102 1,352,937 
Regions Financial Corp. 2,158,623 42,006,804 
Reliant Bancorp, Inc. 9,372 258,199 
Renasant Corp. 91,081 4,252,572 
Republic Bancorp, Inc., Kentucky Class A 18,205 884,945 
Republic First Bancorp, Inc. (b) 116,122 905,752 
S&T Bancorp, Inc. 72,150 3,366,519 
Sandy Spring Bancorp, Inc. 64,813 2,527,707 
Sb One Bancorp 5,379 149,536 
Seacoast Banking Corp., Florida (b) 89,289 2,823,318 
ServisFirst Bancshares, Inc. 88,788 3,826,763 
Shore Bancshares, Inc. 8,325 156,427 
Sierra Bancorp 11,641 345,388 
Signature Bank 106,700 12,349,458 
Simmons First National Corp. Class A 162,360 5,130,576 
SmartFinancial, Inc. (b) 7,194 176,829 
South State Corp. 78,685 6,487,578 
Southern First Bancshares, Inc. (b) 5,767 239,907 
Southern National Bancorp of Virginia, Inc. 38,866 682,098 
Southside Bancshares, Inc. 58,795 2,093,102 
State Bank Financial Corp. 77,921 2,538,666 
Sterling Bancorp 417,699 9,544,422 
Stock Yards Bancorp, Inc. 42,120 1,630,044 
Summit Financial Group, Inc. 7,690 193,788 
SunTrust Banks, Inc. 895,304 65,858,562 
SVB Financial Group (b) 101,960 32,907,590 
Synovus Financial Corp. 230,632 11,545,438 
TCF Financial Corp. 339,227 8,599,404 
Texas Capital Bancshares, Inc. (b) 94,840 8,431,276 
The Bank of Princeton 8,000 263,200 
The First Bancorp, Inc. 17,759 519,984 
Tompkins Financial Corp. 24,657 2,166,611 
TowneBank 136,261 4,442,109 
Trico Bancshares 52,436 2,038,712 
TriState Capital Holdings, Inc. (b) 45,938 1,366,656 
Triumph Bancorp, Inc. (b) 42,149 1,789,225 
Trustmark Corp. 144,879 5,140,307 
Two River Bancorp 3,500 59,710 
U.S. Bancorp 3,031,284 164,022,777 
UMB Financial Corp. 85,559 6,437,459 
Umpqua Holdings Corp. 414,883 8,878,496 
Union Bankshares Corp. 104,822 4,360,595 
Union Bankshares, Inc. 1,824 95,760 
United Bankshares, Inc., West Virginia (a) 204,098 8,041,461 
United Community Bank, Inc. 153,700 4,663,258 
United Security Bancshares, California 5,985 66,434 
Unity Bancorp, Inc. 5,913 144,277 
Univest Corp. of Pennsylvania 62,745 1,788,233 
Valley National Bancorp 559,166 6,737,950 
Veritex Holdings, Inc. (b) 31,035 950,292 
Washington Trust Bancorp, Inc. 28,271 1,696,260 
Webster Financial Corp. 186,178 12,172,318 
Wells Fargo & Co. 8,488,979 496,435,492 
WesBanco, Inc. 113,831 5,617,560 
West Bancorp., Inc. 59,222 1,430,211 
Westamerica Bancorp. (a) 55,111 3,528,757 
Western Alliance Bancorp. (b) 198,761 11,458,572 
Wintrust Financial Corp. 115,693 10,244,615 
Zions Bancorporation (a) 371,767 19,811,463 
  3,662,860,890 
Capital Markets - 2.7%   
Affiliated Managers Group, Inc. 105,675 15,438,061 
Ameriprise Financial, Inc. 279,840 39,726,086 
Arlington Asset Investment Corp. (a) 57,340 583,148 
Artisan Partners Asset Management, Inc. 93,464 3,098,332 
Ashford, Inc. 1,254 114,603 
Associated Capital Group, Inc. 6,083 227,504 
B. Riley Financial, Inc. 27,353 626,384 
Bank of New York Mellon Corp. 1,955,270 101,967,331 
BGC Partners, Inc. Class A 505,535 6,278,745 
BlackRock, Inc. Class A 238,101 114,064,665 
Blucora, Inc. (b) 88,148 3,190,958 
Brighthouse Financial, Inc. (b) 228,459 9,483,333 
Cboe Global Markets, Inc. 218,384 22,013,107 
Charles Schwab Corp. 2,323,120 117,991,265 
CME Group, Inc. 660,444 115,399,380 
Cohen & Co., Inc. (a) 688 6,680 
Cohen & Steers, Inc. 44,690 1,857,763 
Cowen Group, Inc. Class A (a)(b) 62,267 946,458 
Diamond Hill Investment Group, Inc. 6,333 1,181,674 
E*TRADE Financial Corp. (b) 503,457 29,633,479 
Eaton Vance Corp. (non-vtg.) 232,580 12,263,943 
Evercore, Inc. Class A 78,707 8,354,748 
FactSet Research Systems, Inc. 74,889 17,178,788 
Federated Investors, Inc. Class B (non-vtg.) 183,966 4,260,653 
Franklin Resources, Inc. 629,432 19,978,172 
Gain Capital Holdings, Inc. 33,946 250,182 
GAMCO Investors, Inc. Class A 6,919 178,856 
Goldman Sachs Group, Inc. 679,048 161,484,405 
Great Elm Capital Group, Inc. (b) 8,360 25,916 
Greenhill & Co., Inc. 46,751 1,285,653 
Hamilton Lane, Inc. Class A 41,047 2,002,273 
Houlihan Lokey 64,542 3,035,410 
Interactive Brokers Group, Inc. 140,548 8,736,464 
IntercontinentalExchange, Inc. 1,120,668 85,428,522 
INTL FCStone, Inc. (b) 29,684 1,655,180 
Invesco Ltd. 799,281 19,262,672 
Investment Technology Group, Inc. 64,820 1,418,262 
Janus Henderson Group PLC 347,666 9,821,565 
Ladenburg Thalmann Financial Services, Inc. 156,020 538,269 
Lazard Ltd. Class A 257,133 12,378,383 
Legg Mason, Inc. 170,788 5,328,586 
LPL Financial 171,304 11,347,177 
Manning & Napier, Inc. Class A 21,800 63,220 
MarketAxess Holdings, Inc. 73,407 13,934,117 
Moelis & Co. Class A 94,020 5,457,861 
Moody's Corp. 324,244 57,721,917 
Morgan Stanley 2,628,148 128,332,467 
Morningstar, Inc. 38,287 5,449,006 
MSCI, Inc. 171,311 30,880,521 
Northern Trust Corp. 409,432 43,997,563 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 19,317 602,690 
Piper Jaffray Companies 27,505 2,117,885 
PJT Partners, Inc. 43,421 2,514,944 
Pzena Investment Management, Inc. 7,036 63,887 
Raymond James Financial, Inc. 249,930 23,253,487 
S&P Global, Inc. 485,690 100,562,115 
Safeguard Scientifics, Inc. (b) 29,758 306,507 
SEI Investments Co. 261,551 16,498,637 
Silvercrest Asset Management Group Class A 6,008 95,227 
State Street Corp. 709,528 61,665,078 
Stifel Financial Corp. 140,452 7,847,053 
T. Rowe Price Group, Inc. 466,817 54,099,422 
TD Ameritrade Holding Corp. 528,722 30,967,248 
The NASDAQ OMX Group, Inc. 225,473 21,519,143 
TheStreet.com, Inc. (b) 3,696 7,725 
U.S. Global Investments, Inc. Class A 7,637 12,372 
Virtu Financial, Inc. Class A 124,113 2,705,663 
Virtus Investment Partners, Inc. 12,698 1,638,042 
Waddell & Reed Financial, Inc. Class A (a) 156,809 3,139,316 
Westwood Holdings Group, Inc. 13,598 782,293 
WisdomTree Investments, Inc. 238,661 1,961,793 
  1,588,240,234 
Consumer Finance - 0.8%   
Ally Financial, Inc. 819,334 22,023,698 
American Express Co. 1,386,151 146,904,283 
Asta Funding, Inc. (b) 4,468 16,532 
Atlanticus Holdings Corp. (b) 35,598 100,386 
Capital One Financial Corp. 939,357 93,080,885 
Consumer Portfolio Services, Inc. (b) 11,930 46,050 
Credit Acceptance Corp. (a)(b) 24,306 11,100,793 
CURO Group Holdings Corp. (b) 18,059 557,301 
Discover Financial Services 677,916 52,958,798 
Elevate Credit, Inc. (b) 22,390 209,570 
Encore Capital Group, Inc. (a)(b) 60,800 2,356,000 
Enova International, Inc. (b) 64,170 2,130,444 
EZCORP, Inc. (non-vtg.) Class A (a)(b) 105,107 1,166,688 
First Cash Financial Services, Inc. 90,535 7,360,496 
Green Dot Corp. Class A (b) 90,601 7,761,788 
Imperial Holdings, Inc. warrants 4/11/19 (b) 1,880 0 
LendingClub Corp. (a)(b) 748,051 2,700,464 
Navient Corp. 516,185 7,040,763 
Nelnet, Inc. Class A 39,295 2,265,357 
Nicholas Financial, Inc. (b) 5,705 67,148 
OneMain Holdings, Inc. (b) 149,135 5,473,255 
PRA Group, Inc. (a)(b) 88,617 3,238,951 
Regional Management Corp. (b) 15,900 529,947 
Santander Consumer U.S.A. Holdings, Inc. 224,182 4,837,848 
SLM Corp. (b) 852,196 9,987,737 
Synchrony Financial 1,357,490 42,991,708 
World Acceptance Corp. (b) 10,919 1,295,103 
  428,201,993 
Diversified Financial Services - 1.4%   
Acushnet Holdings Corp. 81,949 2,216,720 
Alteryx, Inc. (a)(b) 48,068 2,790,347 
AXA Equitable Holdings, Inc. (a) 268,738 6,167,537 
Berkshire Hathaway, Inc. Class B (b) 3,717,453 775,906,790 
Cannae Holdings, Inc. (b) 143,529 2,790,204 
Columbia Financial, Inc. 137,378 2,325,810 
ConvergeOne Holdings, Inc. 64,014 585,088 
Donnelley Financial Solutions, Inc. (b) 71,378 1,491,086 
FB Financial Corp. 34,670 1,524,787 
FGL Holdings Class A (a)(b) 329,409 2,869,152 
Granite Point Mortgage Trust, Inc. 74,859 1,432,801 
Jefferies Financial Group, Inc. 592,981 13,769,019 
Marlin Business Services Corp. 14,103 403,346 
On Deck Capital, Inc. (b) 74,269 610,491 
Rafael Holdings, Inc. (b) 22,382 210,838 
RBB Bancorp 9,470 271,316 
Sachem Capital Corp. 200 848 
Senseonics Holdings, Inc. (a)(b) 167,851 684,832 
Victory Capital Holdings, Inc. (b) 5,281 52,176 
Voya Financial, Inc. 317,767 15,910,594 
  832,013,782 
Insurance - 2.6%   
AFLAC, Inc. 1,487,544 68,784,035 
Alleghany Corp. 30,712 19,403,227 
Allstate Corp. 674,538 67,838,287 
AMBAC Financial Group, Inc. (b) 94,134 1,989,051 
American Equity Investment Life Holding Co. 169,504 6,286,903 
American Financial Group, Inc. 132,219 14,723,908 
American International Group, Inc. 1,739,360 92,481,771 
American National Insurance Co. 20,619 2,646,242 
Amerisafe, Inc. 34,393 2,194,273 
AmTrust Financial Services, Inc. 184,814 2,687,196 
Aon PLC 475,274 69,180,883 
Arch Capital Group Ltd. (b) 784,551 23,983,724 
Argo Group International Holdings, Ltd. 67,203 4,280,831 
Arthur J. Gallagher & Co. 353,316 25,488,216 
Aspen Insurance Holdings Ltd. 121,428 4,996,762 
Assurant, Inc. 101,576 10,444,044 
Assured Guaranty Ltd. 219,846 8,956,526 
Athene Holding Ltd. (b) 241,964 12,015,932 
Atlas Financial Holdings, Inc. (b) 9,356 95,899 
Axis Capital Holdings Ltd. 162,387 9,340,500 
Brown & Brown, Inc. 445,039 13,564,789 
Chubb Ltd. 901,422 121,908,311 
Cincinnati Financial Corp. 296,401 22,725,065 
Citizens, Inc. Class A (a)(b) 65,561 550,712 
CNA Financial Corp. 74,168 3,330,143 
CNO Financial Group, Inc. 338,474 7,314,423 
Crawford & Co. Class B 31,537 275,003 
Donegal Group, Inc. Class A 8,008 115,716 
eHealth, Inc. (b) 29,798 869,804 
EMC Insurance Group 9,582 246,066 
Employers Holdings, Inc. 65,170 2,988,045 
Enstar Group Ltd. (b) 22,560 4,816,560 
Erie Indemnity Co. Class A 43,603 5,386,279 
Everest Re Group Ltd. 78,647 17,539,854 
FBL Financial Group, Inc. Class A 19,372 1,575,912 
Fednat Holding Co. 19,431 511,035 
First American Financial Corp. 219,174 12,462,234 
FNF Group 535,809 21,485,941 
Genworth Financial, Inc. Class A (b) 956,877 4,449,478 
Global Indemnity Ltd. 13,709 540,546 
Greenlight Capital Re, Ltd. (b) 60,650 779,353 
Hallmark Financial Services, Inc. (b) 10,337 116,085 
Hanover Insurance Group, Inc. 83,897 10,276,544 
Hartford Financial Services Group, Inc. 689,332 34,721,653 
HCI Group, Inc. 13,167 533,264 
Health Insurance Innovations, Inc. (a)(b) 22,858 1,209,188 
Heritage Insurance Holdings, Inc. 60,181 881,652 
Horace Mann Educators Corp. 79,807 3,695,064 
Independence Holding Co. 16,014 564,494 
Investors Title Co. 1,743 338,142 
James River Group Holdings Ltd. 60,694 2,485,419 
Kemper Corp. 120,550 9,806,743 
Kingstone Companies, Inc. 9,045 167,785 
Kinsale Capital Group, Inc. 39,379 2,393,062 
Lincoln National Corp. 425,807 27,924,423 
Loews Corp. 504,188 25,365,698 
Maiden Holdings Ltd. 125,108 475,410 
Markel Corp. (b) 27,302 33,002,658 
Marsh & McLennan Companies, Inc. 978,782 82,834,321 
MBIA, Inc. (a)(b) 208,068 2,136,858 
Mercury General Corp. 75,263 4,056,676 
MetLife, Inc. 1,961,314 90,004,699 
National General Holdings Corp. 122,077 3,333,923 
National Western Life Group, Inc. 4,567 1,488,614 
Navigators Group, Inc. 43,776 3,064,320 
NI Holdings, Inc. (b) 13,749 232,083 
Old Republic International Corp. 496,118 11,003,897 
Primerica, Inc. 84,609 10,343,450 
Principal Financial Group, Inc. 513,933 28,363,962 
ProAssurance Corp. 109,792 5,308,443 
Progressive Corp. 1,119,628 75,608,479 
Protective Insurance Corp. Class B 12,738 299,343 
Prudential Financial, Inc. 810,829 79,663,949 
Reinsurance Group of America, Inc. 124,322 17,759,398 
RenaissanceRe Holdings Ltd. 80,100 10,650,096 
RLI Corp. 76,037 5,852,568 
Safety Insurance Group, Inc. 29,545 2,857,002 
Selective Insurance Group, Inc. 116,319 7,467,680 
State Auto Financial Corp. 27,464 862,095 
Stewart Information Services Corp. 44,220 1,980,172 
The Travelers Companies, Inc. 520,356 68,478,850 
Third Point Reinsurance Ltd. (b) 151,089 2,024,593 
Tiptree, Inc. 33,155 215,508 
Torchmark Corp. 199,059 17,501,267 
Trupanion, Inc. (a)(b) 42,348 1,617,270 
United Fire Group, Inc. 40,895 2,025,529 
United Insurance Holdings Corp. 34,862 726,175 
Universal Insurance Holdings, Inc. 62,678 2,795,439 
Unum Group 430,125 15,863,010 
W.R. Berkley Corp. 186,079 14,562,543 
White Mountains Insurance Group Ltd. 5,823 5,403,453 
Willis Group Holdings PLC 253,154 37,281,990 
XL Group Ltd. 494,933 28,404,205 
  1,487,282,623 
Mortgage Real Estate Investment Trusts - 0.2%   
AG Mortgage Investment Trust, Inc. 51,250 963,500 
AGNC Investment Corp. 902,240 17,160,605 
American Capital Mortgage Investment Corp. 77,847 1,525,801 
Annaly Capital Management, Inc. 2,223,022 23,608,494 
Anworth Mortgage Asset Corp. 251,516 1,227,398 
Apollo Commercial Real Estate Finance, Inc. 198,735 3,861,421 
Arbor Realty Trust, Inc. (a) 149,308 1,830,516 
Ares Commercial Real Estate Corp. 44,112 644,917 
Armour Residential REIT, Inc. 78,889 1,855,469 
Blackstone Mortgage Trust, Inc. (a) 218,615 7,446,027 
Capstead Mortgage Corp. 189,470 1,591,548 
Cherry Hill Mortgage Investment Corp. 12,023 223,628 
Chimera Investment Corp. 389,423 7,254,950 
Dynex Capital, Inc. 127,368 816,429 
Ellington Residential Mortgage REIT 15,540 183,683 
Exantas Capital Corp. 55,796 661,183 
Great Ajax Corp. 20,136 274,655 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (a) 96,779 2,086,555 
Hunt Companies Finance Trust I (a) 6,106 21,921 
Invesco Mortgage Capital, Inc. 207,984 3,375,580 
KKR Real Estate Finance Trust, Inc. 61,897 1,312,216 
Ladder Capital Corp. Class A 204,015 3,543,741 
MFA Financial, Inc. 890,541 6,821,544 
New Residential Investment Corp. 635,458 11,800,455 
New York Mortgage Trust, Inc. (a) 227,021 1,452,934 
Orchid Island Capital, Inc. (a) 113,192 898,744 
Owens Realty Mortgage, Inc. (a) 54,252 895,158 
PennyMac Mortgage Investment Trust 137,871 2,754,663 
Redwood Trust, Inc. 147,922 2,511,716 
Starwood Property Trust, Inc. 508,786 11,208,556 
Two Harbors Investment Corp. 468,829 7,323,109 
Western Asset Mortgage Capital Corp. 88,849 988,889 
ZAIS Financial Corp. 18,554 318,201 
  128,444,206 
Real Estate Management & Development - 0.0%   
The RMR Group, Inc. 12,871 1,215,666 
Thrifts & Mortgage Finance - 0.2%   
BankFinancial Corp. 19,300 307,835 
Beneficial Bancorp, Inc. 178,014 3,133,046 
BofI Holding, Inc. (a)(b) 104,951 3,908,375 
BSB Bancorp, Inc. (b) 6,958 231,701 
Capitol Federal Financial, Inc. 317,152 4,189,578 
Charter Financial Corp. 26,857 669,008 
Coastway Bancorp, Inc. (b) 4,955 137,501 
Dime Community Bancshares, Inc. 65,979 1,197,519 
Entegra Financial Corp. (b) 3,030 83,325 
ESSA Bancorp, Inc. 4,298 69,112 
Essent Group Ltd. (b) 166,676 7,227,071 
Farmer Mac Class C (non-vtg.) 19,331 1,489,840 
First Defiance Financial Corp. 36,462 1,166,419 
Flagstar Bancorp, Inc. (b) 55,871 1,846,537 
FS Bancorp, Inc. 3,111 181,465 
Hingham Institution for Savings 2,103 456,372 
Home Bancorp, Inc. 8,218 375,974 
HomeStreet, Inc. (b) 54,010 1,590,595 
Impac Mortgage Holdings, Inc. (a)(b) 22,924 171,472 
Kearny Financial Corp. 223,951 3,068,129 
Lendingtree, Inc. (a)(b) 15,340 3,886,389 
Malvern Bancorp, Inc. (a)(b) 6,089 149,789 
Meridian Bancorp, Inc. Maryland 112,706 2,017,437 
Meta Financial Group, Inc. 16,728 1,448,645 
MGIC Investment Corp. (b) 722,209 9,186,498 
New York Community Bancorp, Inc. (a) 991,185 10,675,062 
NMI Holdings, Inc. (b) 118,639 2,562,602 
Northfield Bancorp, Inc. 77,835 1,267,154 
Northwest Bancshares, Inc. 218,925 3,988,814 
OceanFirst Financial Corp. 74,436 2,173,531 
Ocwen Financial Corp. (b) 226,819 948,103 
Oritani Financial Corp. 122,108 1,978,150 
PennyMac Financial Services, Inc. 43,564 921,379 
PHH Corp. (b) 94,843 1,029,047 
Poage Bankshares, Inc. 2,365 62,318 
Provident Financial Holdings, Inc. 3,066 56,414 
Provident Financial Services, Inc. 132,445 3,341,587 
Radian Group, Inc. 410,077 8,336,865 
Riverview Bancorp, Inc. 10,064 99,130 
Security National Financial Corp. Class A 12,342 64,796 
SI Financial Group, Inc. 5,231 72,449 
Southern Missouri Bancorp, Inc. 5,377 215,080 
Sterling Bancorp, Inc. 29,919 366,508 
Territorial Bancorp, Inc. 13,244 395,731 
TFS Financial Corp. 199,797 3,084,866 
Timberland Bancorp, Inc. 5,712 202,833 
Trustco Bank Corp., New York 182,946 1,692,251 
United Community Financial Corp. 86,143 891,580 
United Financial Bancorp, Inc. New 98,895 1,757,364 
Walker & Dunlop, Inc. 62,162 3,387,829 
Washington Federal, Inc. 184,491 6,291,143 
Waterstone Financial, Inc. 43,917 742,197 
Westfield Financial, Inc. 33,310 354,752 
WMI Holdings Corp. (b) 665,894 1,005,500 
WSFS Financial Corp. 63,718 3,109,438 
  109,264,105 
TOTAL FINANCIALS  8,237,523,499 
HEALTH CARE - 14.2%   
Biotechnology - 3.0%   
AbbVie, Inc. 2,937,285 281,920,614 
Abeona Therapeutics, Inc. (a)(b) 62,198 957,849 
ACADIA Pharmaceuticals, Inc. (a)(b) 184,318 2,621,002 
Acceleron Pharma, Inc. (b) 75,443 4,075,431 
Achaogen, Inc. (a)(b) 54,118 286,284 
Achillion Pharmaceuticals, Inc. (b) 264,408 912,208 
Acorda Therapeutics, Inc. (b) 101,836 2,932,877 
Actinium Pharmaceuticals, Inc. (b) 38,656 24,740 
Adamas Pharmaceuticals, Inc. (a)(b) 38,351 883,224 
ADMA Biologics, Inc. (b) 34,956 223,369 
Aduro Biotech, Inc. (a)(b) 81,702 604,595 
Advaxis, Inc. (b) 48,573 70,431 
Adverum Biotechnologies, Inc. (b) 72,964 554,526 
Aeglea BioTherapeutics, Inc. (a)(b) 26,323 287,710 
Aevi Genomic Medicine, Inc. (b) 41,669 52,086 
Agenus, Inc. (a)(b) 138,167 305,349 
Agios Pharmaceuticals, Inc. (a)(b) 97,937 7,905,475 
Aimmune Therapeutics, Inc. (b) 78,694 2,196,350 
Akebia Therapeutics, Inc. (b) 89,194 732,283 
Albireo Pharma, Inc. (b) 13,977 483,325 
Alder Biopharmaceuticals, Inc. (a)(b) 108,499 1,963,832 
Aldeyra Therapeutics, Inc. (b) 22,510 190,210 
Alexion Pharmaceuticals, Inc. (b) 431,789 52,781,887 
Alkermes PLC (a)(b) 298,449 13,382,453 
Allena Pharmaceuticals, Inc. (b) 8,811 96,040 
Alnylam Pharmaceuticals, Inc. (b) 164,063 20,125,608 
Alpine Immune Sciences, Inc. (b) 12,084 81,204 
Altimmune, Inc. (a)(b) 5,138 1,644 
AMAG Pharmaceuticals, Inc. (a)(b) 66,217 1,615,695 
Amgen, Inc. 1,291,967 258,147,926 
Amicus Therapeutics, Inc. (a)(b) 366,758 4,943,898 
AnaptysBio, Inc. (b) 27,845 2,468,181 
Anavex Life Sciences Corp. (a)(b) 69,965 186,807 
Apellis Pharmaceuticals, Inc. (b) 66,063 1,278,980 
Applied Genetic Technologies Corp. (b) 14,097 62,732 
Aptevo Therapeutics, Inc. (b) 25,681 141,759 
AquaBounty Technologies, Inc. (b) 1,372 4,061 
Aquinox Pharmaceuticals, Inc. (b) 41,529 129,570 
Arcus Biosciences, Inc. (a) 6,872 98,957 
Ardelyx, Inc. (b) 110,323 474,389 
Arena Pharmaceuticals, Inc. (b) 95,520 3,709,997 
ArQule, Inc. (b) 197,124 1,306,932 
Array BioPharma, Inc. (b) 398,574 6,205,797 
Arrowhead Pharmaceuticals, Inc. (a)(b) 177,530 2,620,343 
Arsanis, Inc. (b) 8,493 19,449 
Asterias Biotherapeutics, Inc. (a)(b) 24,436 37,876 
Atara Biotherapeutics, Inc. (a)(b) 89,519 3,665,803 
Athersys, Inc. (a)(b) 261,347 538,375 
aTyr Pharma, Inc. (b) 6,529 4,713 
Audentes Therapeutics, Inc. (b) 53,376 1,942,886 
AVEO Pharmaceuticals, Inc. (a)(b) 164,980 493,290 
Avid Bioservices, Inc. (b) 85,182 623,532 
Bellicum Pharmaceuticals, Inc. (a)(b) 75,895 548,721 
Biocept, Inc. (b) 2,199 7,740 
BioCryst Pharmaceuticals, Inc. (a)(b) 198,969 1,424,618 
Biogen, Inc. (b) 408,820 144,513,782 
Biohaven Pharmaceutical Holding Co. Ltd. (a)(b) 57,394 2,172,937 
BioMarin Pharmaceutical, Inc. (b) 340,364 34,029,593 
Biospecifics Technologies Corp. (b) 19,816 1,062,930 
BioTime, Inc. (a)(b) 346,441 952,713 
bluebird bio, Inc. (a)(b) 102,592 17,266,234 
Blueprint Medicines Corp. (b) 74,628 5,721,729 
BrainStorm Cell Therpeutic, Inc. (a)(b) 15,396 60,968 
Calithera Biosciences, Inc. (b) 45,690 249,011 
Calyxt, Inc. (a)(b) 10,855 183,775 
Cancer Genetics, Inc. (a)(b) 9,725 8,805 
Capricor Therapeutics, Inc. (a)(b) 31,524 38,144 
Cara Therapeutics, Inc. (a)(b) 69,866 1,409,197 
CareDx, Inc. (b) 60,104 1,461,128 
CASI Pharmaceuticals, Inc. (b) 84,183 585,072 
Catalyst Biosciences, Inc. (b) 23,199 253,565 
Catalyst Pharmaceutical Partners, Inc. (b) 206,783 696,859 
Cel-Sci Corp. (a)(b) 25,753 69,018 
Celcuity, Inc. (b) 1,151 28,453 
Celgene Corp. (b) 1,365,300 128,952,585 
Celldex Therapeutics, Inc. (b) 215,095 107,978 
Cellular Biomedicine Group, Inc. (a)(b) 19,712 418,880 
Celsion Corp. (b) 10,668 30,404 
ChemoCentryx, Inc. (b) 36,062 475,297 
Chimerix, Inc. (b) 63,824 254,658 
Cidara Therapeutics, Inc. (a)(b) 11,887 50,520 
Cleveland Biolabs, Inc. (a)(b) 1,776 3,392 
Clovis Oncology, Inc. (b) 98,725 3,529,419 
Co.-Diagnostics, Inc. (b) 7,929 25,214 
CohBar, Inc. (a)(b) 86,892 455,314 
Coherus BioSciences, Inc. (b) 100,702 2,029,145 
Conatus Pharmaceuticals, Inc. (a)(b) 36,543 205,006 
Concert Pharmaceuticals, Inc. (b) 25,754 406,141 
Corbus Pharmaceuticals Holdings, Inc. (a)(b) 97,055 567,772 
Corvus Pharmaceuticals, Inc. (b) 20,017 219,386 
CTI BioPharma Corp. (b) 94,910 178,431 
Cue Biopharma, Inc. (a)(b) 17,423 167,609 
Curis, Inc. (b) 35,800 60,860 
Cyclacel Pharmaceuticals, Inc. (b) 960 1,469 
Cytokinetics, Inc. (b) 89,621 708,006 
CytomX Therapeutics, Inc. (b) 82,255 1,849,915 
Cytori Therapeutics, Inc. (a)(b) 1,078 563 
CytRx Corp. (a)(b) 40,644 45,928 
Deciphera Pharmaceuticals, Inc. (a)(b) 27,445 1,015,191 
Denali Therapeutics, Inc. (a)(b) 28,737 564,107 
Dicerna Pharmaceuticals, Inc. (b) 41,758 661,864 
Dyax Corp. rights 12/31/19 (b)(c) 200,675 802,700 
Dynavax Technologies Corp. (a)(b) 101,676 1,408,213 
Eagle Pharmaceuticals, Inc. (a)(b) 14,894 1,029,622 
Edge Therapeutics, Inc. (b) 50,398 44,854 
Editas Medicine, Inc. (a)(b) 75,932 2,492,848 
Eiger Biopharmaceuticals, Inc. (b) 19,778 255,136 
Emergent BioSolutions, Inc. (b) 74,721 4,632,702 
Enanta Pharmaceuticals, Inc. (b) 29,541 2,686,163 
Epizyme, Inc. (a)(b) 93,334 1,101,341 
Esperion Therapeutics, Inc. (a)(b) 38,782 1,919,321 
Exact Sciences Corp. (a)(b) 238,198 17,838,648 
Exelixis, Inc. (b) 539,055 10,128,843 
Fate Therapeutics, Inc. (a)(b) 88,933 1,146,346 
Fibrocell Science, Inc. (a)(b) 2,592 5,132 
FibroGen, Inc. (b) 152,796 9,343,475 
Five Prime Therapeutics, Inc. (b) 76,988 1,077,832 
Flexion Therapeutics, Inc. (a)(b) 70,183 1,607,191 
Fortress Biotech, Inc. (a)(b) 43,908 86,499 
Galectin Therapeutics, Inc. (a)(b) 56,076 362,812 
Genocea Biosciences, Inc. (a)(b) 59,471 38,061 
Genomic Health, Inc. (b) 39,004 2,385,875 
GenVec, Inc. rights (b)(c) 814 0 
Geron Corp. (a)(b) 355,017 2,034,247 
Gilead Sciences, Inc. 2,521,527 190,955,240 
Global Blood Therapeutics, Inc. (a)(b) 93,955 4,599,097 
GlycoMimetics, Inc. (a)(b) 63,039 927,934 
GTx, Inc. (b) 20,485 490,001 
Halozyme Therapeutics, Inc. (a)(b) 263,841 4,857,313 
Heat Biologics, Inc. (b) 27,222 56,077 
Hemispherx Biopharma, Inc. (b) 10,898 2,997 
Heron Therapeutics, Inc. (b) 138,379 5,334,510 
Homology Medicines, Inc. (a)(b) 23,470 390,776 
iBio, Inc. (a)(b) 4,036 3,349 
Idera Pharmaceuticals, Inc. (a)(b) 39,263 410,691 
Immune Design Corp. (b) 68,872 261,714 
ImmunoCellular Therapeutics Ltd. (b) 1,048 246 
ImmunoGen, Inc. (a)(b) 279,867 2,851,845 
Immunomedics, Inc. (a)(b) 306,809 8,210,209 
Incyte Corp. (b) 343,065 25,355,934 
Infinity Pharmaceuticals, Inc. (a)(b) 82,811 187,153 
Inovio Pharmaceuticals, Inc. (a)(b) 153,711 808,520 
Insmed, Inc. (a)(b) 145,963 2,909,043 
Insys Therapeutics, Inc. (a)(b) 45,156 422,209 
Intellia Therapeutics, Inc. (a)(b) 43,137 1,334,227 
Intercept Pharmaceuticals, Inc. (a)(b) 39,366 4,401,119 
Intrexon Corp. (a)(b) 138,526 2,130,530 
Invitae Corp. (b) 122,521 1,814,536 
Ionis Pharmaceuticals, Inc. (a)(b) 264,796 12,098,529 
Iovance Biotherapeutics, Inc. (b) 176,766 3,128,758 
Ironwood Pharmaceuticals, Inc. Class A (a)(b) 274,281 5,277,166 
IsoRay, Inc. (b) 57,047 29,180 
ITUS Corp. (b) 25,229 96,122 
Jounce Therapeutics, Inc. (a)(b) 10,322 81,028 
Kadmon Holdings, Inc. (b) 207,825 895,726 
Kalvista Pharmaceuticals, Inc. (b) 508 8,636 
Karyopharm Therapeutics, Inc. (b) 92,956 1,956,724 
Keryx Biopharmaceuticals, Inc. (a)(b) 230,453 785,845 
Kindred Biosciences, Inc. (b) 55,110 821,139 
Krystal Biotech, Inc. 3,314 54,383 
Kura Oncology, Inc. (a)(b) 53,689 1,100,625 
La Jolla Pharmaceutical Co. (a)(b) 42,577 980,974 
Leap Therapeutics, Inc. (b) 2,828 20,842 
Lexicon Pharmaceuticals, Inc. (a)(b) 97,066 1,123,054 
Ligand Pharmaceuticals, Inc. Class B (a)(b) 41,449 10,763,891 
Loxo Oncology, Inc. (a)(b) 43,871 7,413,322 
Macrogenics, Inc. (a)(b) 77,366 1,691,994 
Madrigal Pharmaceuticals, Inc. (a)(b) 15,700 3,755,597 
MannKind Corp. (a)(b) 225,599 248,159 
Matinas BioPharma Holdings, Inc. (b) 91,988 42,314 
MediciNova, Inc. (a)(b) 72,252 879,307 
MEI Pharma, Inc. (b) 62,189 259,950 
Menlo Therapeutics, Inc. (b) 14,423 110,769 
Merrimack Pharmaceuticals, Inc. (b) 22,287 131,939 
MiMedx Group, Inc. (a)(b) 199,106 1,055,262 
Minerva Neurosciences, Inc. (b) 51,124 531,690 
Miragen Therapeutics, Inc. (b) 39,491 245,239 
Mirati Therapeutics, Inc. (a)(b) 60,609 3,427,439 
Molecular Templates, Inc. (b) 11,026 63,510 
Moleculin Biotech, Inc. (a)(b) 37,484 64,472 
Momenta Pharmaceuticals, Inc. (b) 152,669 4,045,729 
Myriad Genetics, Inc. (b) 137,462 6,844,233 
NanoViricides, Inc. (b) 32,620 13,704 
NantKwest, Inc. (a)(b) 76,001 257,643 
Natera, Inc. (b) 66,582 1,840,326 
Navidea Biopharmaceuticals, Inc. (a)(b) 148,549 26,130 
Neuralstem, Inc. (a)(b) 8,195 9,998 
Neurocrine Biosciences, Inc. (b) 173,976 21,390,349 
NewLink Genetics Corp. (b) 41,496 128,638 
Novavax, Inc. (a)(b) 677,219 1,056,462 
Ohr Pharmaceutical, Inc. (b) 32,314 6,301 
OncoCyte Corp. (a)(b) 3,324 8,476 
OncoGenex Pharmaceuticals, Inc. (b) 96 289 
OncoMed Pharmaceuticals, Inc. (b) 27,577 63,427 
OncoSec Medical, Inc. (a)(b) 44,952 67,428 
Ophthotech Corp. (b) 50,366 128,937 
Opko Health, Inc. (a)(b) 712,532 4,218,189 
Oragenics, Inc. (b) 998 429 
Organovo Holdings, Inc. (a)(b) 337,362 435,197 
OvaScience, Inc. (b) 60,110 46,525 
Palatin Technologies, Inc. (a)(b) 331,257 334,570 
PDL BioPharma, Inc. (a)(b) 309,517 749,031 
Pfenex, Inc. (b) 46,697 246,560 
Polarityte, Inc. (a)(b) 30,906 883,293 
Portola Pharmaceuticals, Inc. (a)(b) 128,424 3,833,456 
Progenics Pharmaceuticals, Inc. (a)(b) 161,932 1,267,928 
Protagonist Therapeutics, Inc. (b) 52,263 503,293 
Proteon Therapeutics, Inc. (b) 5,515 12,960 
Proteostasis Therapeutics, Inc. (a)(b) 55,664 149,736 
Prothena Corp. PLC (a)(b) 73,253 1,114,911 
PTC Therapeutics, Inc. (b) 75,018 3,131,251 
Puma Biotechnology, Inc. (a)(b) 65,071 2,859,870 
Ra Pharmaceuticals, Inc. (b) 19,587 238,961 
Radius Health, Inc. (a)(b) 76,029 1,563,917 
Recro Pharma, Inc. (b) 20,797 132,685 
Regeneron Pharmaceuticals, Inc. (b) 149,758 60,914,067 
REGENXBIO, Inc. (b) 55,760 3,928,292 
Regulus Therapeutics, Inc. (a)(b) 85,834 19,888 
Repligen Corp. (a)(b) 69,352 3,806,038 
Retrophin, Inc. (b) 82,684 2,620,256 
Rexahn Pharmaceuticals, Inc. (a)(b) 42,298 72,753 
Rigel Pharmaceuticals, Inc. (b) 307,310 1,047,927 
Riot Blockchain, Inc. (a) 24,575 154,823 
Rocket Pharmaceuticals, Inc. (b) 29,667 707,558 
Sage Therapeutics, Inc. (b) 89,840 14,757,118 
Sangamo Therapeutics, Inc. (a)(b) 201,742 3,681,792 
Sarepta Therapeutics, Inc. (a)(b) 117,669 16,243,029 
Savara, Inc. (a)(b) 55,437 651,939 
Seattle Genetics, Inc. (a)(b) 204,324 15,683,910 
Selecta Biosciences, Inc. (a)(b) 13,681 185,514 
Sellas Life Sciences Group, Inc. (b) 425 459 
Seres Therapeutics, Inc. (a)(b) 32,924 289,073 
Sesen Bio, Inc. (b) 98,188 219,941 
Sienna Biopharmaceuticals, Inc. (a)(b) 4,913 81,851 
Solid Biosciences, Inc. (b) 19,788 844,354 
Sophiris Bio, Inc. (a)(b) 57,410 184,286 
Sorrento Therapeutics, Inc. (a)(b) 175,528 974,180 
Spark Therapeutics, Inc. (a)(b) 61,662 3,798,996 
Spectrum Pharmaceuticals, Inc. (b) 181,664 3,911,226 
Spring Bank Pharmaceuticals, Inc. (b) 9,145 129,768 
Stemline Therapeutics, Inc. (b) 50,071 856,214 
Sunesis Pharmaceuticals, Inc. (a)(b) 29,991 65,380 
Surface Oncology, Inc. 10,117 98,135 
Syndax Pharmaceuticals, Inc. (b) 33,111 256,941 
Synergy Pharmaceuticals, Inc. (a)(b) 423,445 825,718 
Synlogic, Inc. (b) 24,107 255,052 
Synthetic Biologics, Inc. (a)(b) 2,423 6,954 
Syros Pharmaceuticals, Inc. (b) 33,143 407,327 
T2 Biosystems, Inc. (b) 79,564 519,553 
Tapimmune, Inc. (a)(b) 8,155 70,296 
Tenax Therapeutics, Inc. (b) 69 371 
TESARO, Inc. (a)(b) 70,613 2,291,392 
TG Therapeutics, Inc. (a)(b) 115,447 1,466,177 
Tocagen, Inc. (a)(b) 8,584 83,694 
TONIX Pharmaceuticals Holding (b) 1,717 1,837 
TRACON Pharmaceuticals, Inc. (a)(b) 4,111 8,633 
Trevena, Inc. (a)(b) 130,021 234,038 
Trovagene, Inc. (a)(b) 2,821 2,313 
Ultragenyx Pharmaceutical, Inc. (b) 88,686 7,514,365 
United Therapeutics Corp. (b) 85,357 10,498,057 
UNITY Biotechnology, Inc. (a) 7,256 138,299 
Unum Therapeutics, Inc. (a) 16,295 265,771 
Vanda Pharmaceuticals, Inc. (b) 103,474 1,999,635 
Vaxart, Inc. (a)(b) 4,190 12,780 
VBI Vaccines, Inc. (a)(b) 25,788 52,608 
Veracyte, Inc. (b) 50,030 632,379 
Verastem, Inc. (a)(b) 140,678 1,401,153 
Vericel Corp. (b) 84,118 1,026,240 
Versartis, Inc. (b) 37,706 67,871 
Vertex Pharmaceuticals, Inc. (b) 491,760 90,680,544 
Vical, Inc. (b) 6,566 9,127 
Viking Therapeutics, Inc. (b) 90,493 1,182,744 
VistaGen Therapeutics, Inc. (a)(b) 22,368 32,881 
Vital Therapies, Inc. (a)(b) 55,114 443,668 
Voyager Therapeutics, Inc. (a)(b) 39,765 864,491 
Xbiotech, Inc. (a)(b) 36,998 149,472 
Xencor, Inc. (b) 95,182 3,977,656 
XOMA Corp. (a)(b) 11,543 216,200 
Yield10 Bioscience, Inc. (b) 693 1,109 
Zafgen, Inc. (b) 54,609 519,878 
ZIOPHARM Oncology, Inc. (a)(b) 222,939 650,982 
  1,745,699,121 
Health Care Equipment & Supplies - 3.1%   
Abbott Laboratories 3,391,513 226,688,729 
Abiomed, Inc. (b) 81,155 32,996,000 
Accuray, Inc. (a)(b) 152,465 609,860 
Akers Biosciences, Inc. (a)(b) 149,301 40,804 
Align Technology, Inc. (b) 139,169 53,787,427 
Alliqua Biomedical, Inc. (a)(b) 439 1,133 
Alphatec Holdings, Inc. (a)(b) 3,066 10,762 
Amedica Corp. (a)(b) 5,751 2,552 
Angiodynamics, Inc. (b) 68,576 1,537,474 
Anika Therapeutics, Inc. (a)(b) 30,719 1,271,459 
Antares Pharma, Inc. (a)(b) 242,616 858,861 
Apollo Endosurgery, Inc. (b) 102 766 
Atricure, Inc. (b) 70,181 2,424,754 
Atrion Corp. 3,083 2,019,519 
Avanos Medical, Inc. (b) 92,971 6,703,209 
Avinger, Inc. (b) 780 1,225 
AxoGen, Inc. (a)(b) 68,956 3,023,721 
Baxter International, Inc. 949,654 70,625,768 
Becton, Dickinson & Co. 517,034 135,395,694 
Bellerophon Therapeutics, Inc. (a)(b) 36,993 31,999 
BioLase Technology, Inc. (b) 6,234 11,034 
BioLife Solutions, Inc. (b) 16,867 404,133 
Boston Scientific Corp. (b) 2,679,060 95,267,374 
Bovie Medical Corp. (b) 10,849 57,934 
Cantel Medical Corp. 67,194 6,517,818 
Cardiovascular Systems, Inc. (b) 69,124 2,663,348 
CAS Medical Systems, Inc. (b) 11,651 26,098 
Cerus Corp. (b) 269,265 2,094,882 
Cesca Therapeutics, Inc. (b) 793 342 
Chembio Diagnostics, Inc. (b) 2,391 24,986 
ConforMis, Inc. (b) 87,736 107,038 
CONMED Corp. 50,457 4,058,257 
Corindus Vascular Robotics, Inc. (a)(b) 178,714 194,798 
Cryolife, Inc. (b) 65,208 2,262,718 
CryoPort, Inc. (a)(b) 52,805 749,831 
Cutera, Inc. (b) 27,491 934,694 
CytoSorbents Corp. (a)(b) 50,106 734,053 
Danaher Corp. 1,192,456 123,466,894 
Dare Bioscience, Inc. (b) 17,253 18,978 
Dentsply Sirona, Inc. 442,572 17,667,474 
DexCom, Inc. (a)(b) 170,666 24,640,757 
Edwards Lifesciences Corp. (b) 407,229 58,738,711 
Ekso Bionics Holdings, Inc. (a)(b) 113,321 303,700 
Endologix, Inc. (b) 150,152 345,350 
Fonar Corp. (b) 8,356 218,927 
Genmark Diagnostics, Inc. (b) 107,242 917,992 
Glaukos Corp. (a)(b) 64,913 4,438,102 
Globus Medical, Inc. (b) 145,197 7,734,644 
Haemonetics Corp. (b) 99,749 11,135,978 
Helius Medical Technologies, Inc. (U.S.) (a)(b) 20,935 209,769 
Heska Corp. (b) 12,153 1,300,371 
Hill-Rom Holdings, Inc. 131,230 12,764,742 
Hologic, Inc. (b) 529,595 21,056,697 
ICU Medical, Inc. (b) 29,075 8,896,950 
IDEXX Laboratories, Inc. (b) 169,286 43,005,415 
Inogen, Inc. (b) 33,875 8,973,826 
Inspire Medical Systems, Inc. 18,247 1,003,403 
Insulet Corp. (b) 113,854 11,871,557 
Integer Holdings Corp. (b) 60,071 4,799,673 
Integra LifeSciences Holdings Corp. (b) 136,377 8,110,340 
IntriCon Corp. (b) 15,036 1,111,160 
Intuitive Surgical, Inc. (b) 219,618 122,986,080 
Invacare Corp. (a) 75,980 1,154,896 
InVivo Therapeutics Holdings Corp. (b) 1,850 3,608 
Invuity, Inc. (a)(b) 23,417 108,889 
IRadimed Corp. (a)(b) 6,686 183,865 
iRhythm Technologies, Inc. (b) 39,577 3,684,223 
Iridex Corp. (b) 4,871 44,326 
K2M Group Holdings, Inc. (b) 72,947 1,994,371 
Kewaunee Scientific Corp. 1,376 43,963 
Lantheus Holdings, Inc. (b) 59,416 956,598 
LeMaitre Vascular, Inc. 28,069 1,052,868 
LivaNova PLC (b) 84,812 10,648,147 
Masimo Corp. (b) 90,391 10,656,195 
Medtronic PLC 2,620,554 252,647,611 
Meridian Bioscience, Inc. 73,595 1,155,442 
Merit Medical Systems, Inc. (b) 108,656 6,394,406 
Microbot Medical, Inc. (b) 7,285 4,225 
Misonix, Inc. (b) 7,938 151,616 
Myomo, Inc. (a)(b) 11,057 22,667 
Natus Medical, Inc. (b) 64,682 2,412,639 
Neogen Corp. (b) 98,996 9,250,186 
Nevro Corp. (b) 56,879 3,834,782 
NuVasive, Inc. (b) 100,454 7,050,866 
Nuvectra Corp. (b) 21,954 512,406 
NxStage Medical, Inc. (b) 140,636 3,985,624 
OraSure Technologies, Inc. (b) 129,623 2,075,264 
Orthofix International NV (b) 41,359 2,215,188 
OrthoPediatrics Corp. 6,541 227,758 
Penumbra, Inc. (a)(b) 57,262 7,950,829 
Precision Therapeutics, Inc. (a)(b) 19,298 21,807 
Pulse Biosciences, Inc. (a)(b) 10,423 149,674 
Quanterix Corp. (b) 7,729 129,306 
Quidel Corp. (b) 60,517 4,652,547 
ReShape Lifesciences, Inc. (a)(b) 873 58 
ResMed, Inc. 278,308 31,006,294 
Retractable Technologies, Inc. (b) 5,248 3,790 
Rockwell Medical Technologies, Inc. (a)(b) 83,284 408,924 
RTI Biologics, Inc. (b) 100,701 450,637 
Seaspine Holdings Corp. (b) 14,380 221,452 
Second Sight Medical Products, Inc. (a)(b) 46,884 79,234 
Sientra, Inc. (b) 39,907 1,002,464 
Staar Surgical Co. (b) 55,622 2,653,169 
Steris PLC 162,639 18,609,154 
STRATA Skin Sciences, Inc. (b) 803 2,144 
Stryker Corp. 623,601 105,656,717 
SurModics, Inc. (b) 23,983 1,888,661 
Synergetics U.S.A., Inc. (b)(c) 19,727 0 
Tactile Systems Technology, Inc. (a)(b) 30,490 2,063,258 
Tandem Diabetes Care, Inc. (a)(b) 108,658 4,964,584 
Teleflex, Inc. 87,631 21,682,538 
The Cooper Companies, Inc. 95,010 24,301,658 
TransEnterix, Inc. (a)(b) 207,703 1,204,677 
Utah Medical Products, Inc. 13,511 1,227,474 
Varex Imaging Corp. (a)(b) 86,203 2,706,774 
Varian Medical Systems, Inc. (b) 180,543 20,224,427 
Vermillion, Inc. (b) 12,449 7,843 
ViewRay, Inc. (a)(b) 117,177 1,181,144 
Viveve Medical, Inc. (a)(b) 45,477 143,253 
West Pharmaceutical Services, Inc. 145,035 16,976,347 
Wright Medical Group NV (a)(b) 202,730 5,875,115 
Zimmer Biomet Holdings, Inc. 393,672 48,669,669 
Zosano Pharma Corp. (a)(b) 22,328 93,108 
  1,798,539,903 
Health Care Providers & Services - 3.0%   
AAC Holdings, Inc. (a)(b) 16,668 147,678 
Acadia Healthcare Co., Inc. (a)(b) 159,970 6,643,554 
Aceto Corp. 47,837 158,819 
Addus HomeCare Corp. (b) 24,045 1,560,521 
Aetna, Inc. 631,624 126,495,338 
Amedisys, Inc. (b) 57,080 7,135,571 
American Renal Associates Holdings, Inc. (a)(b) 30,049 659,576 
AmerisourceBergen Corp. 315,793 28,411,896 
AMN Healthcare Services, Inc. (a)(b) 90,995 5,305,009 
Anthem, Inc. 493,566 130,661,727 
BioScrip, Inc. (a)(b) 230,699 669,027 
BioTelemetry, Inc. (b) 60,094 3,713,809 
Brookdale Senior Living, Inc. (b) 360,000 3,571,200 
Caladrius Biosciences, Inc. (b) 9,530 50,223 
Capital Senior Living Corp. (b) 53,746 476,727 
Cardinal Health, Inc. 601,923 31,414,361 
Catasys, Inc. (b) 3,161 28,702 
Centene Corp. (b) 396,017 58,008,570 
Chemed Corp. 30,507 9,870,235 
Cigna Corp. 470,957 88,700,041 
Civitas Solutions, Inc. (b) 27,734 443,744 
Community Health Systems, Inc. (a)(b) 206,000 799,280 
Corvel Corp. (b) 18,940 1,125,983 
Cross Country Healthcare, Inc. (b) 66,434 665,004 
CVS Health Corp. 1,967,521 148,036,280 
DaVita HealthCare Partners, Inc. (b) 270,656 18,753,754 
Diplomat Pharmacy, Inc. (a)(b) 93,066 1,922,744 
Envision Healthcare Corp. (b) 230,716 10,465,278 
Express Scripts Holding Co. (b) 1,087,608 95,731,256 
Five Star Sr Living, Inc. (b) 70,113 69,412 
G1 Therapeutics, Inc. (a)(b) 37,423 2,270,828 
Genesis HealthCare, Inc. Class A (a)(b) 72,843 128,932 
HCA Holdings, Inc. 541,945 72,680,244 
HealthEquity, Inc. (b) 101,976 9,607,159 
HealthSouth Corp. 191,103 15,592,094 
Henry Schein, Inc. (a)(b) 296,896 23,062,881 
Humana, Inc. 265,925 88,622,166 
Interpace Diagnostics Group, Inc. (b) 136 200 
Laboratory Corp. of America Holdings (b) 197,626 34,163,607 
LHC Group, Inc. (b) 58,223 5,760,001 
LifePoint Hospitals, Inc. (b) 73,087 4,706,803 
Magellan Health Services, Inc. (b) 46,615 3,426,203 
McKesson Corp. 390,138 50,230,268 
MEDNAX, Inc. (b) 183,817 8,703,735 
Molina Healthcare, Inc. (a)(b) 90,979 12,555,102 
National Healthcare Corp. 20,690 1,594,578 
National Research Corp. Class A 20,553 804,650 
National Vision Holdings, Inc. 99,203 4,389,733 
OptiNose, Inc. 38,007 565,164 
Owens & Minor, Inc. (a) 118,083 2,005,049 
Patterson Companies, Inc. (a) 169,627 3,825,089 
Premier, Inc. (a)(b) 113,429 5,016,965 
Providence Service Corp. (b) 20,443 1,372,543 
Psychemedics Corp. 2,724 52,655 
Quest Diagnostics, Inc. 264,008 29,035,600 
Quorum Health Corp. (a)(b) 61,662 280,562 
R1 RCM, Inc. (b) 178,635 1,780,991 
RadNet, Inc. (b) 68,592 949,999 
Select Medical Holdings Corp. (b) 210,659 4,171,048 
Sharps Compliance Corp. (b) 12,687 44,785 
Surgery Partners, Inc. (a)(b) 43,549 755,575 
Tenet Healthcare Corp. (a)(b) 162,206 5,469,586 
The Ensign Group, Inc. 96,070 3,753,455 
The Joint Corp. (b) 4,485 38,436 
Tivity Health, Inc. (a)(b) 70,816 2,436,070 
Triple-S Management Corp. (b) 44,329 965,042 
U.S. Physical Therapy, Inc. 24,843 3,111,586 
UnitedHealth Group, Inc. 1,860,709 499,525,938 
Universal Health Services, Inc. Class B 168,906 21,984,805 
Wellcare Health Plans, Inc. (b) 96,042 29,059,428 
  1,736,194,874 
Health Care Technology - 0.2%   
Allscripts Healthcare Solutions, Inc. (b) 329,763 4,817,837 
athenahealth, Inc. (b) 77,995 12,003,431 
Castlight Health, Inc. Class B (a)(b) 151,493 454,479 
Cerner Corp. (b) 605,108 39,398,582 
Computer Programs & Systems, Inc. (a) 21,937 598,880 
Evolent Health, Inc. (a)(b) 132,217 3,371,534 
HealthStream, Inc. 46,897 1,488,042 
HMS Holdings Corp. (b) 165,285 5,297,384 
HTG Molecular Diagnostics (a)(b) 63,917 286,987 
iCAD, Inc. (b) 14,864 44,592 
Inovalon Holdings, Inc. Class A (a)(b) 119,481 1,314,291 
Medidata Solutions, Inc. (a)(b) 114,952 9,768,621 
NantHealth, Inc. (a)(b) 56,729 125,938 
Omnicell, Inc. (b) 73,082 5,024,388 
Quality Systems, Inc. (b) 91,673 2,098,395 
Simulations Plus, Inc. 16,033 334,288 
Tabula Rasa HealthCare, Inc. (a)(b) 25,588 2,243,300 
Teladoc Health, Inc. (a)(b) 132,579 10,281,501 
Valeritas Holdings, Inc. (a)(b) 25,700 29,555 
Veeva Systems, Inc. Class A (b) 229,272 23,926,826 
Vocera Communications, Inc. (b) 55,152 1,828,840 
  124,737,691 
Life Sciences Tools & Services - 0.9%   
Accelerate Diagnostics, Inc. (a)(b) 48,811 1,200,751 
Agilent Technologies, Inc. 623,247 42,094,102 
Bio-Rad Laboratories, Inc. Class A (b) 38,796 12,620,339 
Bio-Techne Corp. 72,516 13,935,400 
Bruker Corp. 204,025 7,259,210 
Cambrex Corp. (b) 66,661 4,492,951 
Charles River Laboratories International, Inc. (b) 93,768 11,581,286 
ChromaDex, Inc. (a)(b) 56,591 256,357 
Codexis, Inc. (b) 74,109 1,274,675 
Enzo Biochem, Inc. (b) 66,443 304,973 
Fluidigm Corp. (a)(b) 46,109 365,183 
Harvard Bioscience, Inc. (b) 53,166 316,338 
Illumina, Inc. (b) 284,128 100,817,138 
Luminex Corp. 75,617 2,133,156 
Medpace Holdings, Inc. (b) 50,255 3,004,746 
Mettler-Toledo International, Inc. (b) 48,948 28,608,148 
Nanostring Technologies, Inc. (b) 49,108 794,076 
NeoGenomics, Inc. (b) 145,940 2,021,269 
Pacific Biosciences of California, Inc. (a)(b) 198,134 988,689 
PerkinElmer, Inc. 212,888 19,677,238 
PRA Health Sciences, Inc. (b) 110,524 11,671,334 
Quintiles Transnational Holdings, Inc. (b) 311,623 39,604,167 
Syneos Health, Inc. (b) 116,220 5,793,567 
Thermo Fisher Scientific, Inc. 778,338 186,100,616 
Waters Corp. (b) 151,379 28,683,293 
  525,599,002 
Pharmaceuticals - 4.0%   
AcelRx Pharmaceuticals, Inc. (a)(b) 65,025 201,578 
Acer Therapeutics, Inc. (b) 9,342 299,691 
Aclaris Therapeutics, Inc. (a)(b) 40,572 645,906 
Adamis Pharmaceuticals Corp. (a)(b) 48,966 139,553 
Aerie Pharmaceuticals, Inc. (a)(b) 78,816 4,835,362 
Agile Therapeutics, Inc. (b) 87,068 25,511 
Akcea Therapeutics, Inc. (a)(b) 34,733 917,299 
Akorn, Inc. (b) 181,300 2,844,597 
Alimera Sciences, Inc. (a)(b) 22,049 22,931 
Allergan PLC 657,234 125,998,330 
Amneal Pharmaceuticals, Inc. (a)(b) 143,636 3,317,992 
Amphastar Pharmaceuticals, Inc. (b) 63,932 1,213,429 
Ampio Pharmaceuticals, Inc. (a)(b) 168,674 106,096 
ANI Pharmaceuticals, Inc. (b) 15,497 901,925 
ANI Pharmaceuticals, Inc. rights (b)(c) 21,445 0 
Apricus Biosciences, Inc. (b) 41,618 13,734 
Aradigm Corp. (a)(b) 17,241 23,275 
Aratana Therapeutics, Inc. (b) 80,168 424,890 
Assembly Biosciences, Inc. (b) 37,235 1,489,400 
Assertio Therapeutics, Inc. (a)(b) 137,271 875,789 
AstraZeneca PLC rights (b)(c) 7,692 0 
Athenex, Inc. (b) 67,984 1,116,977 
Axsome Therapeutics, Inc. (a)(b) 21,511 74,213 
Bio Path Holdings, Inc. (a)(b) 16,665 22,664 
Biodelivery Sciences International, Inc. (b) 170,623 507,603 
BioPharmX Corp. (a)(b) 64,864 10,138 
Bristol-Myers Squibb Co. 3,166,410 191,726,126 
Catalent, Inc. (b) 281,165 11,752,697 
Cerecor, Inc. (a)(b) 17,078 82,487 
Chiasma, Inc. (b) 8,745 20,551 
Clearside Biomedical, Inc. (b) 59,205 403,186 
Collegium Pharmaceutical, Inc. (a)(b) 37,819 646,705 
ContraVir Pharmaceuticals, Inc. (a)(b) 18,614 13,774 
Corcept Therapeutics, Inc. (a)(b) 180,660 2,713,513 
Corium International, Inc. (a)(b) 42,043 410,340 
CorMedix, Inc. (a)(b) 48,587 30,124 
Cumberland Pharmaceuticals, Inc. (b) 7,158 42,304 
CymaBay Therapeutics, Inc. (a)(b) 115,491 1,574,142 
Dermira, Inc. (a)(b) 70,654 672,626 
Dova Pharmaceuticals, Inc. (a)(b) 24,096 613,243 
Durect Corp. (b) 291,543 381,921 
Egalet Corp. (a)(b) 12,340 4,751 
Eli Lilly & Co. 1,852,484 195,714,935 
Eloxx Pharmaceuticals, Inc. (a)(b) 47,990 879,177 
Endo International PLC (b) 391,608 6,716,077 
Endocyte, Inc. (b) 117,449 2,316,094 
Evofem Biosciences, Inc. (b) 1,682 6,829 
Evolus, Inc. (b) 20,100 514,359 
Eyepoint Pharmaceuticals, Inc. (a)(b) 68,488 149,989 
Flex Pharma, Inc. (a)(b) 10,224 5,061 
Gemphire Therapeutics, Inc. (a)(b) 13,477 18,868 
Horizon Pharma PLC (b) 317,826 6,718,842 
Imprimis Pharmaceuticals, Inc. (a)(b) 10,757 32,701 
InflaRx NV (b) 8,911 299,410 
Innoviva, Inc. (a)(b) 134,795 1,957,223 
Intersect ENT, Inc. (b) 61,422 1,799,665 
Intra-Cellular Therapies, Inc. (b) 90,774 1,991,582 
Jazz Pharmaceuticals PLC (b) 117,285 20,046,352 
Johnson & Johnson 5,193,970 699,575,819 
Kala Pharmaceuticals, Inc. (b) 12,699 171,563 
KemPharm, Inc. (a)(b) 9,786 50,887 
Lannett Co., Inc. (a)(b) 55,565 297,273 
Lipocine, Inc. (a)(b) 20,645 30,761 
Mallinckrodt PLC (a)(b) 161,170 5,553,918 
Marinus Pharmaceuticals, Inc. (a)(b) 44,865 320,336 
Melinta Therapeutics, Inc. (b) 86,180 402,892 
Merck & Co., Inc. 5,212,503 357,525,581 
Mersana Therapeutics, Inc. (a)(b) 8,641 120,542 
Mustang Bio, Inc. (a)(b) 46,728 323,358 
Mylan NV (b) 1,004,926 39,322,754 
MyoKardia, Inc. (b) 65,691 4,049,850 
Nektar Therapeutics (a)(b) 312,604 20,785,040 
Neos Therapeutics, Inc. (b) 42,039 241,724 
Novan, Inc. (b) 7,147 20,583 
Novus Therapeutics, Inc. (b) 4,578 21,746 
Ocular Therapeutix, Inc. (b) 54,730 369,428 
Odonate Therapeutics, Inc. (a)(b) 11,840 227,210 
Omeros Corp. (a)(b) 96,420 2,495,350 
Onconova Therapeutics, Inc. (b) 624 268 
Otonomy, Inc. (b) 38,289 114,867 
Pacira Pharmaceuticals, Inc. (b) 77,357 3,647,383 
Pain Therapeutics, Inc. (a)(b) 4,934 5,033 
Paratek Pharmaceuticals, Inc. (a)(b) 50,371 516,303 
Pernix Therapeutics Holdings, Inc. (a)(b) 4,109 4,438 
Perrigo Co. PLC 254,814 19,495,819 
Pfizer, Inc. 11,312,751 469,705,422 
Phibro Animal Health Corp. Class A 42,271 1,995,191 
Plx Pharma PLC/New (b) 290 957 
Prestige Brands Holdings, Inc. (a)(b) 103,367 3,979,630 
Reata Pharmaceuticals, Inc. (b) 30,461 2,630,612 
resTORbio, Inc. (a)(b) 5,960 70,507 
Revance Therapeutics, Inc. (b) 53,023 1,452,830 
Rhythm Pharmaceuticals, Inc. 38,788 1,221,822 
scPharmaceuticals, Inc. (a)(b) 5,674 29,051 
SCYNEXIS, Inc. (b) 57,121 77,113 
SIGA Technologies, Inc. (b) 136,087 1,119,996 
Spero Therapeutics, Inc. (a)(b) 17,885 204,068 
Supernus Pharmaceuticals, Inc. (b) 101,178 4,482,185 
Teligent, Inc. (a)(b) 140,525 567,721 
Tetraphase Pharmaceuticals, Inc. (b) 88,378 312,858 
The Medicines Company (a)(b) 125,813 4,983,453 
TherapeuticsMD, Inc. (a)(b) 357,620 2,317,378 
Theravance Biopharma, Inc. (a)(b) 78,547 2,275,507 
Titan Pharmaceuticals, Inc. (a)(b) 11,285 8,294 
VIVUS, Inc. (a)(b) 157,068 88,272 
WAVE Life Sciences (b) 28,404 1,513,933 
Zoetis, Inc. Class A 935,759 84,779,765 
Zogenix, Inc. (a)(b) 80,163 3,871,873 
Zynerba Pharmaceuticals, Inc. (b) 23,422 188,079 
  2,339,851,780 
TOTAL HEALTH CARE  8,270,622,371 
INDUSTRIALS - 10.3%   
Aerospace & Defense - 2.4%   
AAR Corp. 61,245 2,858,304 
Aerojet Rocketdyne Holdings, Inc. (a)(b) 144,557 5,075,396 
AeroVironment, Inc. (a)(b) 42,201 3,712,000 
Arconic, Inc. 831,375 18,606,173 
Arotech Corp. (b) 32,173 107,780 
Astronics Corp. (b) 43,941 1,911,873 
Astrotech Corp. (b) 1,741 5,972 
Axon Enterprise, Inc. (b) 110,441 7,538,703 
BWX Technologies, Inc. 198,337 12,162,025 
CPI Aerostructures, Inc. (b) 5,980 49,933 
Cubic Corp. 52,237 3,954,341 
Curtiss-Wright Corp. 85,994 11,518,896 
Ducommun, Inc. (b) 17,547 713,987 
Engility Holdings, Inc. (b) 33,913 1,177,120 
Esterline Technologies Corp. (b) 49,383 4,244,469 
General Dynamics Corp. 534,817 103,433,608 
Harris Corp. 230,443 37,449,292 
HEICO Corp. 112,063 10,161,873 
HEICO Corp. Class A 99,272 7,395,764 
Hexcel Corp. 172,525 11,407,353 
Huntington Ingalls Industries, Inc. 85,477 20,896,562 
Innovative Solutions & Support, Inc. (b) 21,878 57,977 
KEYW Holding Corp. (a)(b) 83,554 711,045 
KLX, Inc. (b) 99,257 7,329,137 
Kratos Defense & Security Solutions, Inc. (a)(b) 188,108 2,513,123 
L3 Technologies, Inc. 150,372 32,137,504 
Lockheed Martin Corp. 480,522 153,964,054 
Mercury Systems, Inc. (b) 94,994 5,178,123 
Micronet Enertec Technologies, Inc. (b) 3,018 3,803 
Moog, Inc. Class A 63,191 4,986,402 
National Presto Industries, Inc. (a) 9,348 1,239,545 
Northrop Grumman Corp. 337,543 100,753,210 
Raytheon Co. 555,761 110,840,974 
Rockwell Collins, Inc. 315,740 42,924,853 
SIFCO Industries, Inc. (b) 891 4,678 
Sparton Corp. (b) 13,384 170,914 
Spirit AeroSystems Holdings, Inc. Class A 218,638 18,693,549 
Teledyne Technologies, Inc. (b) 71,647 16,998,967 
Textron, Inc. 501,644 34,628,485 
The Boeing Co. 1,059,025 363,023,180 
TransDigm Group, Inc. (a) 93,780 32,823,000 
Triumph Group, Inc. 96,901 2,015,541 
United Technologies Corp. 1,436,142 189,139,901 
Vectrus, Inc. (b) 21,828 716,395 
Wesco Aircraft Holdings, Inc. (b) 115,814 1,407,140 
  1,386,642,924 
Air Freight & Logistics - 0.6%   
Air Transport Services Group, Inc. (b) 93,235 1,897,332 
Atlas Air Worldwide Holdings, Inc. (b) 53,392 3,251,573 
C.H. Robinson Worldwide, Inc. 268,656 25,812,468 
Echo Global Logistics, Inc. (b) 48,848 1,621,754 
Expeditors International of Washington, Inc. 336,984 24,694,188 
FedEx Corp. 473,704 115,560,091 
Forward Air Corp. 54,775 3,519,842 
Hub Group, Inc. Class A (b) 68,591 3,625,034 
Radiant Logistics, Inc. (b) 54,959 239,072 
United Parcel Service, Inc. Class B 1,334,412 163,972,547 
XPO Logistics, Inc. (b) 203,064 21,626,316 
  365,820,217 
Airlines - 0.4%   
Alaska Air Group, Inc. 239,265 16,147,995 
Allegiant Travel Co. 26,478 3,607,628 
American Airlines Group, Inc. (a) 803,180 32,512,726 
Delta Air Lines, Inc. 1,245,372 72,829,355 
Hawaiian Holdings, Inc. 101,162 4,198,223 
JetBlue Airways Corp. (b) 604,815 11,539,870 
SkyWest, Inc. 103,271 6,743,596 
Southwest Airlines Co. 1,029,855 63,130,112 
Spirit Airlines, Inc. (a)(b) 136,282 6,476,121 
United Continental Holdings, Inc. (b) 453,940 39,683,435 
  256,869,061 
Building Products - 0.4%   
A.O. Smith Corp. 280,791 16,308,341 
AAON, Inc. (a) 75,766 3,060,946 
Advanced Drain Systems, Inc. Del 80,409 2,520,822 
Allegion PLC 182,670 15,932,477 
American Woodmark Corp. (b) 25,723 2,185,169 
Apogee Enterprises, Inc. 57,956 2,852,594 
Armstrong World Industries, Inc. (b) 101,993 7,119,111 
Builders FirstSource, Inc. (b) 211,226 3,299,350 
Continental Building Products, Inc. (b) 69,835 2,604,846 
COVIA Corp. (a)(b) 69,245 784,546 
CSW Industrials, Inc. (b) 30,039 1,682,184 
Fortune Brands Home & Security, Inc. 275,918 14,618,136 
GCP Applied Technologies, Inc. (b) 158,460 3,993,192 
Gibraltar Industries, Inc. (b) 65,294 2,964,348 
GMS, Inc. (b) 62,105 1,543,309 
Griffon Corp. 59,127 1,079,068 
Insteel Industries, Inc. 37,939 1,454,961 
Jeld-Wen Holding, Inc. (b) 148,484 3,611,131 
Johnson Controls International PLC (a) 1,789,406 67,585,865 
Lennox International, Inc. 72,228 16,093,121 
Masco Corp. 597,451 22,685,214 
Masonite International Corp. (b) 57,874 3,874,664 
NCI Building Systems, Inc. (b) 83,177 1,405,691 
Owens Corning 214,220 12,129,136 
Patrick Industries, Inc. (b) 43,398 2,777,472 
PGT, Inc. (b) 102,511 2,491,017 
Quanex Building Products Corp. 68,283 1,119,841 
Simpson Manufacturing Co. Ltd. 82,104 6,303,124 
Tecogen, Inc. New (b) 2,274 7,027 
Trex Co., Inc. (b) 113,536 9,616,499 
Universal Forest Products, Inc. 122,245 4,579,298 
USG Corp. (b) 164,740 7,100,294 
  245,382,794 
Commercial Services & Supplies - 0.6%   
ABM Industries, Inc. 140,028 4,441,688 
ACCO Brands Corp. 198,147 2,457,023 
ADS Waste Holdings, Inc. (b) 88,843 2,370,331 
Aqua Metals, Inc. (a)(b) 55,073 133,827 
ARC Document Solutions, Inc. (b) 67,501 217,353 
Brady Corp. Class A 100,860 4,079,787 
Casella Waste Systems, Inc. Class A (b) 75,879 2,153,446 
CECO Environmental Corp. 48,389 408,403 
Cintas Corp. 166,096 35,439,904 
Clean Harbors, Inc. (b) 97,820 6,709,474 
Copart, Inc. (b) 391,866 25,200,902 
Covanta Holding Corp. 268,834 4,744,920 
Deluxe Corp. 99,293 5,880,131 
Document Security Systems, Inc. (b) 4,956 6,096 
Ennis, Inc. 45,103 983,245 
Essendant, Inc. 81,308 1,173,274 
Evoqua Water Technologies Corp. (a)(b) 129,946 2,518,353 
Fuel Tech, Inc. (b) 51,934 61,282 
Healthcare Services Group, Inc. 146,219 6,025,685 
Heritage-Crystal Clean, Inc. (b) 24,833 578,609 
Herman Miller, Inc. 110,582 4,235,291 
HNI Corp. 80,621 3,555,386 
Hudson Technologies, Inc. (a)(b) 56,393 105,455 
Industrial Services of America, Inc. (b) 1,620 3,750 
Interface, Inc. 108,800 2,562,240 
Intersections, Inc. (a)(b) 12,865 22,256 
KAR Auction Services, Inc. 260,140 16,308,177 
Kimball International, Inc. Class B 67,655 1,181,933 
Knoll, Inc. 98,653 2,322,292 
LSC Communications, Inc. 75,405 922,203 
Matthews International Corp. Class A 64,028 3,323,053 
McGrath RentCorp. 45,864 2,660,112 
Mobile Mini, Inc. 87,122 3,737,534 
Msa Safety, Inc. 64,315 6,501,603 
Multi-Color Corp. 29,677 1,832,555 
NL Industries, Inc. (b) 9,391 74,189 
Odyssey Marine Exploration, Inc. (a)(b) 19,370 180,528 
Performant Financial Corp. (b) 31,038 75,112 
Perma-Fix Environmental Services, Inc. (b) 6,937 32,951 
PICO Holdings, Inc. 40,505 484,035 
Pitney Bowes, Inc. 355,612 2,581,743 
Quad/Graphics, Inc. 60,578 1,379,361 
Quest Resource Holding Corp. (b) 2,977 6,401 
R.R. Donnelley & Sons Co. 149,303 755,473 
Republic Services, Inc. 436,427 32,016,285 
Rollins, Inc. 202,826 12,185,786 
SP Plus Corp. (b) 41,799 1,625,981 
Steelcase, Inc. Class A 174,208 2,543,437 
Stericycle, Inc. (b) 167,390 10,326,289 
Team, Inc. (a)(b) 59,115 1,377,380 
Tetra Tech, Inc. 110,597 7,719,671 
The Brink's Co. 99,071 7,440,232 
U.S. Ecology, Inc. 42,920 3,122,430 
UniFirst Corp. 31,673 5,865,840 
Viad Corp. 42,117 2,594,407 
Virco Manufacturing Co. 2,682 13,276 
VSE Corp. 14,696 566,972 
Waste Management, Inc. 769,545 69,951,641 
  317,776,993 
Construction & Engineering - 0.2%   
AECOM (b) 308,868 10,390,320 
Aegion Corp. (b) 60,444 1,508,682 
Ameresco, Inc. Class A (b) 38,199 548,156 
Argan, Inc. 31,781 1,264,884 
Comfort Systems U.S.A., Inc. 69,706 4,001,124 
Construction Partners, Inc. Class A 10,594 128,717 
Dycom Industries, Inc. (a)(b) 59,430 4,986,771 
EMCOR Group, Inc. 114,642 9,182,824 
Fluor Corp. 271,131 15,565,631 
Goldfield Corp. 41,171 195,562 
Granite Construction, Inc. 87,105 3,978,956 
Great Lakes Dredge & Dock Corp. (b) 84,939 465,041 
HC2 Holdings, Inc. (b) 59,402 372,451 
Ies Holdings, Inc. (b) 16,326 312,643 
Jacobs Engineering Group, Inc. 231,718 16,843,581 
KBR, Inc. 285,164 5,982,741 
Keane Group, Inc. (b) 93,529 1,148,536 
MasTec, Inc. (a)(b) 122,920 5,383,896 
MYR Group, Inc. (b) 33,116 1,151,443 
Northwest Pipe Co. (b) 13,547 244,659 
NV5 Holdings, Inc. (b) 21,059 1,862,669 
Orion Group Holdings, Inc. (b) 40,114 345,783 
Primoris Services Corp. 85,135 2,133,483 
Quanta Services, Inc. (b) 285,747 9,883,989 
Sterling Construction Co., Inc. (b) 41,743 607,361 
Tutor Perini Corp. (a)(b) 72,569 1,476,779 
Valmont Industries, Inc. 47,070 6,608,628 
Williams Scotsman Corp. (a)(b) 94,877 1,655,604 
  108,230,914 
Electrical Equipment - 0.7%   
Acuity Brands, Inc. 78,436 11,988,158 
Allied Motion Technologies, Inc. 12,157 593,748 
American Superconductor Corp. (a)(b) 28,086 171,325 
AMETEK, Inc. 449,417 34,587,132 
AZZ, Inc. 51,737 2,780,864 
Babcock & Wilcox Enterprises, Inc. (a)(b) 351,396 491,954 
Broadwind Energy, Inc. (b) 15,938 34,745 
Capstone Turbine Corp. (a)(b) 116,532 130,516 
Eaton Corp. PLC 843,603 70,137,153 
Emerson Electric Co. 1,217,413 93,412,099 
Encore Wire Corp. 41,219 2,071,255 
Energous Corp. (a)(b) 37,680 483,058 
Energy Focus, Inc. (a)(b) 8,003 17,206 
EnerSys 85,554 7,100,126 
Enphase Energy, Inc. (a)(b) 145,162 709,842 
EnSync, Inc. (b) 32,445 11,356 
Espey Manufacturing & Electronics Corp. 2,015 53,901 
Fortive Corp. 590,464 49,587,167 
FuelCell Energy, Inc. (a)(b) 124,980 146,227 
Generac Holdings, Inc. (b) 118,381 6,568,962 
GrafTech International Ltd. 92,608 1,711,396 
Hubbell, Inc. Class B 106,910 13,509,148 
Ideal Power, Inc. (a)(b) 38,104 25,160 
LSI Industries, Inc. 41,234 213,180 
Ocean Power Technologies, Inc. (a)(b) 1,104 818 
Orion Energy Systems, Inc. (b) 20,733 19,738 
Plug Power, Inc. (a)(b) 485,070 955,588 
Powell Industries, Inc. 13,455 526,763 
Preformed Line Products Co. 3,783 309,071 
Regal Beloit Corp. 88,822 7,434,401 
Revolution Lighting Technologies, Inc. (a)(b) 12,794 34,672 
Rockwell Automation, Inc. 240,440 43,510,022 
Sensata Technologies, Inc. PLC (a)(b) 332,749 17,619,060 
Sunrun, Inc. (a)(b) 135,686 1,780,200 
Sunworks, Inc. (a)(b) 12,722 8,759 
Thermon Group Holdings, Inc. (b) 61,565 1,649,942 
TPI Composites, Inc. (b) 29,824 835,967 
Ultralife Corp. (b) 13,410 115,997 
Vicor Corp. (b) 36,584 2,284,671 
Vivint Solar, Inc. (b) 47,226 247,937 
  373,869,284 
Industrial Conglomerates - 1.3%   
3M Co. 1,148,186 242,175,391 
Carlisle Companies, Inc. 118,678 15,049,557 
General Electric Co. 16,832,865 217,817,273 
Honeywell International, Inc. 1,442,899 229,507,515 
ITT, Inc. 172,118 10,173,895 
Raven Industries, Inc. 69,340 3,356,056 
Roper Technologies, Inc. 199,894 59,642,373 
  777,722,060 
Machinery - 1.8%   
Actuant Corp. Class A 125,422 3,693,678 
AGCO Corp. 131,250 7,830,375 
Alamo Group, Inc. 17,898 1,705,679 
Albany International Corp. Class A 62,689 4,836,456 
Allison Transmission Holdings, Inc. 248,055 12,318,411 
Altra Industrial Motion Corp. (a) 59,112 2,308,324 
American Railcar Industries, Inc. 11,797 540,539 
Apergy Corp. (a)(b) 151,299 6,841,741 
ARC Group Worldwide, Inc. (b) 1,450 2,755 
Astec Industries, Inc. 38,170 1,856,971 
Barnes Group, Inc. 99,892 6,798,650 
Blue Bird Corp. (a)(b) 19,796 454,318 
Briggs & Stratton Corp. 97,049 1,956,508 
Cactus, Inc. (b) 76,604 2,618,325 
Caterpillar, Inc. 1,154,351 160,281,636 
Chart Industries, Inc. (a)(b) 59,494 4,494,772 
CIRCOR International, Inc. 43,898 1,991,213 
Colfax Corp. (b) 200,004 6,984,140 
Columbus McKinnon Corp. (NY Shares) 35,569 1,512,750 
Commercial Vehicle Group, Inc. (b) 77,079 752,291 
Crane Co. 102,153 9,324,526 
Cummins, Inc. 297,973 42,252,571 
Deere & Co. 626,898 90,147,932 
Dmc Global, Inc. 26,383 1,035,533 
Donaldson Co., Inc. 259,438 13,127,563 
Douglas Dynamics, Inc. 45,549 2,086,144 
Dover Corp. 297,645 25,558,776 
Eastern Co. 5,588 164,846 
Energy Recovery, Inc. (a)(b) 61,650 597,389 
EnPro Industries, Inc. 39,127 2,937,264 
ESCO Technologies, Inc. 51,155 3,460,636 
ExOne Co. (a)(b) 13,829 122,110 
Federal Signal Corp. 119,603 3,113,266 
Flowserve Corp. 256,637 13,375,920 
Franklin Electric Co., Inc. 78,635 3,845,252 
FreightCar America, Inc. 19,411 328,240 
Gardner Denver Holdings, Inc. (b) 133,892 3,743,620 
Gates Industrial Corp. PLC (b) 113,859 2,075,650 
Gencor Industries, Inc. (b) 2,773 35,772 
Global Brass & Copper Holdings, Inc. 40,805 1,573,033 
Gorman-Rupp Co. 39,337 1,442,094 
Graco, Inc. 320,025 15,044,375 
Graham Corp. 13,997 389,257 
Greenbrier Companies, Inc. (a) 53,689 3,113,962 
Harsco Corp. (b) 164,375 4,643,594 
Hillenbrand, Inc. 122,624 6,272,218 
Hurco Companies, Inc. 7,331 314,500 
Hyster-Yale Materials Handling Class A 17,565 1,083,761 
IDEX Corp. 156,102 23,916,387 
Illinois Tool Works, Inc. 588,618 81,747,268 
Ingersoll-Rand PLC 478,155 48,432,320 
Jason Industries, Inc. (b) 13,118 36,337 
John Bean Technologies Corp. 63,649 7,529,677 
Kadant, Inc. 21,551 2,177,729 
Kennametal, Inc. 154,088 6,292,954 
L.B. Foster Co. Class A (b) 14,781 336,268 
Lincoln Electric Holdings, Inc. 119,307 11,233,947 
Lindsay Corp. 21,677 2,076,006 
LiqTech International, Inc. (b) 29,487 37,448 
Lydall, Inc. (b) 35,107 1,502,580 
Manitex International, Inc. (b) 22,611 239,224 
Manitowoc Co., Inc. (b) 77,458 1,796,251 
Meritor, Inc. (b) 165,960 3,594,694 
Middleby Corp. (a)(b) 106,607 12,957,015 
Milacron Holdings Corp. (b) 108,228 2,294,434 
Miller Industries, Inc. 17,053 491,126 
Mueller Industries, Inc. 105,921 3,386,294 
Mueller Water Products, Inc. Class A 293,253 3,392,937 
Navistar International Corp. New (b) 135,078 5,885,348 
NN, Inc. 52,533 1,050,660 
Nordson Corp. 100,267 13,939,118 
Omega Flex, Inc. 9,376 832,120 
Oshkosh Corp. 140,191 9,849,820 
PACCAR, Inc. 679,547 46,494,606 
Park-Ohio Holdings Corp. 14,422 597,792 
Parker Hannifin Corp. 253,685 44,547,086 
Pentair PLC (a) 305,732 13,293,227 
ProPetro Holding Corp. (a)(b) 135,286 2,059,053 
Proto Labs, Inc. (b) 50,933 7,917,535 
RBC Bearings, Inc. (b) 45,770 6,856,804 
Rexnord Corp. (b) 212,340 6,164,230 
Snap-On, Inc. 109,115 19,289,350 
Spartan Motors, Inc. 58,691 848,085 
SPX Corp. (b) 82,686 2,810,497 
SPX Flow, Inc. (b) 81,195 3,892,488 
Standex International Corp. 25,325 2,732,568 
Stanley Black & Decker, Inc. 297,054 41,744,999 
Sun Hydraulics Corp. 54,328 2,734,872 
Tennant Co. 37,244 2,851,028 
Terex Corp. 134,325 5,205,094 
The L.S. Starrett Co. Class A 4,836 30,950 
Timken Co. 132,173 6,430,216 
Titan International, Inc. 99,148 741,627 
Toro Co. 202,538 12,312,285 
TriMas Corp. (b) 87,891 2,698,254 
Trinity Industries, Inc. 282,304 10,117,775 
Twin Disc, Inc. (b) 12,776 326,427 
Wabash National Corp. 128,198 2,338,332 
WABCO Holdings, Inc. (b) 97,717 12,027,008 
Wabtec Corp. (a) 164,993 17,872,042 
Watts Water Technologies, Inc. Class A 51,551 4,250,380 
Woodward, Inc. 106,719 8,597,283 
Xerium Technologies, Inc. (b) 24,055 323,299 
Xylem, Inc. 346,859 26,330,067 
  1,040,452,557 
Marine - 0.0%   
Genco Shipping & Trading Ltd. (b) 30,037 412,408 
Kirby Corp. (b) 104,255 9,101,462 
Matson, Inc. 77,859 2,908,812 
  12,422,682 
Professional Services - 0.5%   
Acacia Research Corp. (b) 85,808 334,651 
Asgn, Inc. (b) 102,509 9,491,308 
Barrett Business Services, Inc. 14,280 1,071,428 
BG Staffing, Inc. 15,034 366,228 
CBIZ, Inc. (b) 102,613 2,452,451 
CoStar Group, Inc. (b) 70,825 31,315,982 
CRA International, Inc. 15,589 891,067 
Dun & Bradstreet Corp. 69,069 9,871,341 
Equifax, Inc. 231,868 31,063,356 
Exponent, Inc. 105,908 5,544,284 
Forrester Research, Inc. 19,263 947,740 
Franklin Covey Co. (b) 21,149 541,414 
FTI Consulting, Inc. (b) 72,107 5,495,996 
GP Strategies Corp. (b) 24,233 461,639 
Heidrick & Struggles International, Inc. 35,167 1,554,381 
Hudson Global, Inc. (b) 13,947 24,128 
Huron Consulting Group, Inc. (b) 44,292 2,192,454 
ICF International, Inc. 39,140 3,195,781 
IHS Markit Ltd. (b) 692,751 38,101,305 
InnerWorkings, Inc. (b) 93,417 730,521 
Insperity, Inc. 75,823 9,087,387 
Kelly Services, Inc. Class A (non-vtg.) 58,614 1,477,659 
Kforce, Inc. 47,957 2,016,592 
Korn/Ferry International 104,534 7,017,367 
Manpower, Inc. 124,187 11,640,048 
Marathon Patent Group, Inc. (a)(b) 2,210 2,166 
Mastech Digital, Inc. (b) 746 7,833 
MISTRAS Group, Inc. (b) 29,557 674,195 
Navigant Consulting, Inc. 88,402 2,111,924 
Nielsen Holdings PLC 643,338 16,726,788 
RCM Technologies, Inc. 9,908 48,549 
Reis, Inc. 9,166 211,276 
Resources Connection, Inc. 51,824 857,687 
Robert Half International, Inc. 239,490 18,723,328 
TransUnion Holding Co., Inc. 293,200 22,077,960 
TriNet Group, Inc. (b) 78,552 4,640,067 
TrueBlue, Inc. (b) 75,110 2,200,723 
Verisk Analytics, Inc. (b) 297,961 35,484,175 
Volt Information Sciences, Inc. (b) 6,248 21,868 
WageWorks, Inc. (a)(b) 80,292 4,295,622 
Willdan Group, Inc. (a)(b) 10,974 344,254 
  285,314,923 
Road & Rail - 1.0%   
AMERCO 13,656 5,119,498 
ArcBest Corp. 51,704 2,486,962 
Avis Budget Group, Inc. (b) 136,725 4,253,515 
Covenant Transport Group, Inc. Class A (b) 19,818 591,964 
CSX Corp. 1,690,565 125,372,300 
Daseke, Inc. (b) 99,388 893,498 
Genesee & Wyoming, Inc. Class A (b) 114,611 10,073,161 
Heartland Express, Inc. 106,928 2,186,678 
J.B. Hunt Transport Services, Inc. 163,958 19,797,929 
Kansas City Southern 196,910 22,833,684 
Knight-Swift Transportation Holdings, Inc. Class A 245,159 8,367,277 
Landstar System, Inc. 82,670 9,573,186 
Marten Transport Ltd. 73,518 1,621,072 
Norfolk Southern Corp. 547,449 95,168,534 
Old Dominion Freight Lines, Inc. 133,852 20,399,045 
P.A.M. Transportation Services, Inc. (b) 3,193 186,056 
Patriot Transportation Holding, Inc. (b) 1,280 25,971 
Roadrunner Transportation Systems, Inc. (b) 43,638 56,729 
Ryder System, Inc. 101,736 7,817,394 
Saia, Inc. (b) 54,211 4,296,222 
Schneider National, Inc. Class B 73,442 1,986,606 
U.S.A. Truck, Inc. (b) 13,000 284,830 
Union Pacific Corp. 1,498,104 225,644,424 
Universal Logistics Holdings, Inc. 19,202 702,793 
Werner Enterprises, Inc. (a) 93,918 3,479,662 
YRC Worldwide, Inc. (b) 47,961 458,987 
  573,677,977 
Trading Companies & Distributors - 0.4%   
AeroCentury Corp. (b) 688 11,799 
Air Lease Corp. Class A 196,588 9,084,331 
Aircastle Ltd. 114,719 2,399,921 
Applied Industrial Technologies, Inc. 73,619 5,672,344 
Beacon Roofing Supply, Inc. (b) 133,931 4,966,161 
BlueLinx Corp. (a)(b) 15,461 555,514 
BMC Stock Holdings, Inc. (b) 114,770 2,582,325 
CAI International, Inc. (b) 29,270 789,997 
DXP Enterprises, Inc. (b) 35,307 1,620,238 
EnviroStar, Inc. 2,922 138,065 
Fastenal Co. 550,441 32,123,737 
GATX Corp. 72,462 6,119,416 
General Finance Corp. (b) 24,408 333,169 
H&E Equipment Services, Inc. 57,616 2,005,613 
HD Supply Holdings, Inc. (b) 361,647 16,487,487 
Herc Holdings, Inc. (b) 53,715 2,824,335 
Houston Wire & Cable Co. (b) 17,990 147,518 
Huttig Building Products, Inc. (a)(b) 22,831 118,265 
Kaman Corp. 55,700 3,632,197 
Lawson Products, Inc. (b) 6,300 212,310 
MRC Global, Inc. (b) 173,407 3,573,918 
MSC Industrial Direct Co., Inc. Class A 88,439 7,559,766 
Nexeo Solutions, Inc. (b) 103,751 1,038,548 
Now, Inc. (a)(b) 223,998 3,850,526 
Rush Enterprises, Inc. Class A 66,284 2,847,561 
SiteOne Landscape Supply, Inc. (a)(b) 75,950 6,863,602 
Systemax, Inc. 25,488 930,312 
Titan Machinery, Inc. (b) 39,035 704,972 
Transcat, Inc. (b) 1,764 42,953 
Triton International Ltd. 90,645 3,424,568 
United Rentals, Inc. (b) 161,067 25,105,513 
Univar, Inc. (b) 216,684 6,028,149 
Veritiv Corp. (b) 20,555 981,501 
W.W. Grainger, Inc. 99,004 35,054,346 
Watsco, Inc. 63,561 11,122,539 
WESCO International, Inc. (b) 89,453 5,470,051 
Willis Lease Finance Corp. (b) 3,680 126,150 
  206,549,717 
Transportation Infrastructure - 0.0%   
Macquarie Infrastructure Co. LLC 155,741 7,326,057 
TOTAL INDUSTRIALS  5,958,058,160 
INFORMATION TECHNOLOGY - 25.3%   
Communications Equipment - 1.2%   
ADTRAN, Inc. 98,876 1,700,667 
Aerohive Networks, Inc. (b) 130,171 549,322 
Applied Optoelectronics, Inc. (a)(b) 37,490 1,550,586 
Arista Networks, Inc. (b) 92,276 27,588,678 
Arris International PLC (b) 342,940 8,885,575 
Aviat Networks, Inc. (b) 5,550 98,790 
Bank Technologies, Inc. 9,436 35,857 
Black Box Corp. (a)(b) 16,753 20,941 
Blonder Tongue Laboratories, Inc. (a)(b) 3,352 4,525 
CalAmp Corp. (b) 63,415 1,490,253 
Calix Networks, Inc. (b) 78,308 610,802 
Carvana Co. Class A (a)(b) 64,380 4,167,961 
Ciena Corp. (b) 279,723 8,833,652 
Cisco Systems, Inc. 9,094,558 434,447,036 
Clearfield, Inc. (a)(b) 16,017 218,632 
CommScope Holding Co., Inc. (b) 384,070 12,171,178 
Communications Systems, Inc. 4,311 14,744 
Comtech Telecommunications Corp. 47,745 1,711,658 
Dasan Zhone Solutions, Inc. (b) 1,172 12,704 
Digi International, Inc. (b) 40,102 539,372 
EchoStar Holding Corp. Class A (b) 101,657 4,879,536 
EMCORE Corp. (b) 50,451 244,687 
Extreme Networks, Inc. (b) 245,320 1,538,156 
F5 Networks, Inc. (b) 116,728 22,075,599 
Finisar Corp. (a)(b) 225,637 4,602,995 
Harmonic, Inc. (b) 151,876 827,724 
Infinera Corp. (b) 292,195 2,615,145 
InterDigital, Inc. 69,625 5,751,025 
Juniper Networks, Inc. 666,051 18,935,830 
KVH Industries, Inc. (b) 23,641 294,330 
Lantronix, Inc. (b) 71 378 
Lumentum Holdings, Inc. (a)(b) 121,030 8,217,937 
Motorola Solutions, Inc. 316,034 40,566,124 
NETGEAR, Inc. (b) 61,250 4,339,563 
NetScout Systems, Inc. (a)(b) 166,854 4,171,350 
Network-1 Security Solutions, Inc. 21,477 62,283 
Oclaro, Inc. (b) 327,153 3,121,040 
Optical Cable Corp. (b) 564 2,171 
Palo Alto Networks, Inc. (b) 177,269 40,975,729 
PC-Tel, Inc. 11,999 52,076 
Plantronics, Inc. 61,152 4,110,637 
Quantenna Communications, Inc. (b) 45,324 828,069 
Resonant, Inc. (a)(b) 33,716 179,032 
Sonus Networks, Inc. (b) 96,218 665,829 
Tessco Technologies, Inc. 8,837 157,740 
Ubiquiti Networks, Inc. (a) 44,626 4,003,398 
ViaSat, Inc. (a)(b) 110,840 6,962,969 
Viavi Solutions, Inc. (b) 430,589 4,822,597 
Westell Technologies, Inc. Class A (b) 18,994 54,513 
  689,711,395 
Electronic Equipment & Components - 0.9%   
ADT, Inc. (a) 248,071 2,220,235 
Akoustis Technologies, Inc. (a)(b) 16,654 138,894 
Amphenol Corp. Class A 579,462 54,805,516 
Anixter International, Inc. (b) 56,429 4,068,531 
Applied DNA Sciences, Inc. (a)(b) 18,968 23,141 
Arrow Electronics, Inc. (b) 170,045 13,183,589 
Avnet, Inc. 233,063 11,280,249 
AVX Corp. 141,087 2,983,990 
Badger Meter, Inc. 71,423 3,924,694 
Bel Fuse, Inc. Class B (non-vtg.) 13,939 399,352 
Belden, Inc. (a) 76,472 5,561,044 
Benchmark Electronics, Inc. 106,802 2,760,832 
Cardtronics PLC (b) 88,314 3,098,938 
Casa Systems, Inc. (a)(b) 32,499 477,410 
CDW Corp. 293,645 25,711,556 
ClearSign Combustion Corp. (a)(b) 37,840 77,572 
Cognex Corp. 334,381 17,989,698 
Coherent, Inc. (b) 47,244 9,004,706 
Control4 Corp. (b) 35,202 1,140,897 
Corning, Inc. 1,602,127 53,687,276 
CTS Corp. 68,145 2,517,958 
CUI Global, Inc. (b) 26,608 60,134 
Daktronics, Inc. 62,775 509,105 
Dell Technologies, Inc. (b) 384,908 37,016,602 
Dolby Laboratories, Inc. Class A 126,838 8,902,759 
DPW Holdings, Inc. (a)(b) 36,717 17,995 
Echelon Corp. (b) 3,219 27,201 
Electro Scientific Industries, Inc. (a)(b) 77,933 1,710,629 
eMagin Corp. (a)(b) 5,084 7,372 
ePlus, Inc. (b) 25,477 2,640,691 
Fabrinet 71,377 3,416,817 
FARO Technologies, Inc. (b) 33,227 2,266,081 
Fitbit, Inc. (a)(b) 329,669 1,984,607 
FLIR Systems, Inc. 264,525 16,596,299 
Frequency Electronics, Inc. (b) 2,550 21,165 
I. D. Systems Inc. (b) 6,071 39,097 
Identiv, Inc. (b) 13,618 82,661 
IEC Electronics Corp. (b) 4,622 25,375 
II-VI, Inc. (a)(b) 108,470 5,396,383 
Insight Enterprises, Inc. (b) 74,803 4,124,637 
Intellicheck, Inc. (b) 545 1,183 
IPG Photonics Corp. (b) 71,680 12,578,406 
Iteris, Inc. (b) 32,677 168,287 
Itron, Inc. (b) 68,955 4,578,612 
Jabil, Inc. 329,280 9,733,517 
KEMET Corp. (b) 90,175 2,330,122 
KEY Tronic Corp. (b) 6,483 51,864 
Keysight Technologies, Inc. (b) 362,522 23,524,053 
Kimball Electronics, Inc. (b) 32,297 639,481 
Knowles Corp. (b) 178,238 3,231,455 
LightPath Technologies, Inc. Class A (b) 376 805 
Littelfuse, Inc. 48,352 10,809,573 
LRAD Corp. (b) 56,581 172,006 
Luna Innovations, Inc. (b) 1,444 5,372 
Maxwell Technologies, Inc. (a)(b) 69,108 246,716 
Mesa Laboratories, Inc. 6,988 1,402,841 
Methode Electronics, Inc. Class A 72,142 2,860,430 
MicroVision, Inc. (a)(b) 117,860 126,110 
MTS Systems Corp. 33,405 1,807,211 
Napco Security Technolgies, Inc. (b) 19,961 301,411 
National Instruments Corp. 222,128 10,606,612 
Neonode, Inc. (a)(b) 33,197 10,125 
NetList, Inc. (a)(b) 104,599 12,207 
Novanta, Inc. (b) 62,772 4,808,335 
OSI Systems, Inc. (b) 33,928 2,642,652 
Par Technology Corp. (b) 16,979 436,021 
Park Electrochemical Corp. 39,479 844,061 
PC Connection, Inc. 26,383 1,047,405 
PC Mall, Inc. (b) 13,245 301,986 
Perceptron, Inc. (b) 13,154 142,326 
Plexus Corp. (b) 72,969 4,618,208 
RadiSys Corp. (b) 34,231 54,427 
Research Frontiers, Inc. (a)(b) 16,855 19,383 
RF Industries Ltd. 10,801 127,452 
Richardson Electronics Ltd. 23,707 214,074 
Rogers Corp. (b) 37,812 5,220,703 
Sanmina Corp. (b) 138,110 4,253,788 
ScanSource, Inc. (b) 47,085 1,914,005 
SYNNEX Corp. 54,859 5,319,677 
TE Connectivity Ltd. 675,804 61,957,711 
Tech Data Corp. (b) 69,796 5,077,659 
Trimble, Inc. (b) 484,457 20,395,640 
TTM Technologies, Inc. (a)(b) 178,081 3,330,115 
Vishay Intertechnology, Inc. 264,352 6,291,578 
Vishay Precision Group, Inc. (b) 24,989 1,082,024 
Wayside Technology Group, Inc. 1,232 14,784 
Wireless Telecom Group, Inc. (b) 11,200 21,280 
Zebra Technologies Corp. Class A (b) 102,395 17,585,317 
  532,820,698 
Internet Software & Services - 4.7%   
2U, Inc. (a)(b) 111,967 10,005,371 
Akamai Technologies, Inc. (b) 326,630 24,542,978 
Alarm.com Holdings, Inc. (a)(b) 54,404 3,062,401 
Alphabet, Inc.:   
Class A (b) 572,930 705,735,174 
Class C (b) 592,503 721,781,230 
Amber Road, Inc. (b) 55,819 487,300 
ANGI Homeservices, Inc. Class A (a)(b) 114,757 2,485,637 
AppFolio, Inc. (b) 24,746 2,113,308 
Apptio, Inc. Class A (b) 64,694 2,510,127 
Autoweb, Inc. (b) 9,434 32,642 
Benefitfocus, Inc. (a)(b) 50,661 2,234,150 
BlackLine, Inc. (b) 72,946 3,848,631 
Box, Inc. Class A (b) 239,503 5,882,194 
Brightcove, Inc. (b) 59,246 485,817 
BroadVision, Inc. (b) 490 882 
Carbonite, Inc. (b) 65,049 2,702,786 
Care.com, Inc. (b) 25,585 497,117 
CarGurus, Inc. Class A (a) 26,157 1,290,063 
ChannelAdvisor Corp. (b) 44,036 574,670 
Cision Ltd. (b) 115,349 2,088,970 
Cloudera, Inc. (b) 163,925 2,460,514 
Cornerstone OnDemand, Inc. (b) 104,237 5,895,645 
Coupa Software, Inc. (b) 54,059 3,876,571 
Determine, Inc. (b) 552 450 
DHI Group, Inc. (b) 141,360 303,924 
DocuSign, Inc. (a) 43,593 2,721,947 
Dropbox, Inc. Class A (a)(b) 90,419 2,427,750 
eBay, Inc. (b) 1,793,865 62,085,668 
eGain Communications Corp. (b) 36,778 525,925 
Endurance International Group Holdings, Inc. (b) 144,299 1,392,485 
Envestnet, Inc. (b) 94,260 5,957,232 
Etsy, Inc. (b) 212,798 10,361,135 
Facebook, Inc. Class A (b) 4,643,624 816,024,046 
Five9, Inc. (b) 103,789 4,987,061 
Fusion Connect, Inc. (a)(b) 36,836 136,293 
GlowPoint, Inc. (b) 18,770 3,322 
GoDaddy, Inc. (b) 320,456 26,104,346 
Gogo, Inc. (a)(b) 109,584 492,032 
GrubHub, Inc. (a)(b) 172,597 24,872,954 
GTT Communications, Inc. (a)(b) 72,527 3,122,287 
Hortonworks, Inc. (b) 136,805 3,053,488 
IAC/InterActiveCorp (b) 149,632 29,507,430 
Instructure, Inc. (b) 66,082 2,706,058 
Internap Network Services Corp. (b) 24,920 334,426 
Inuvo, Inc. (b) 9,640 6,170 
iPass, Inc. (a)(b) 3,366 6,732 
j2 Global, Inc. 91,978 7,594,623 
Leaf Group Ltd. (b) 21,524 237,840 
Limelight Networks, Inc. (b) 254,165 1,288,617 
Liquidity Services, Inc. (b) 37,923 273,046 
LivePerson, Inc. (b) 121,653 3,272,466 
LogMeIn, Inc. 98,288 8,447,854 
Marchex, Inc. Class B 28,685 82,613 
Marin Software, Inc. (a)(b) 1,425 4,774 
Match Group, Inc. (a)(b) 124,151 6,213,758 
MeetMe, Inc. (b) 126,880 647,088 
MINDBODY, Inc. (a)(b) 64,397 2,389,129 
MongoDB, Inc. Class A (a) 49,623 3,570,871 
New Relic, Inc. (b) 84,195 8,651,878 
Nutanix, Inc. Class A (b) 135,969 7,657,774 
Okta, Inc. (b) 141,250 8,733,488 
Pandora Media, Inc. (a)(b) 482,271 4,456,184 
Q2 Holdings, Inc. (b) 67,613 4,212,290 
QuinStreet, Inc. (b) 78,551 1,191,619 
Qumu Corp. (b) 6,017 14,621 
Quotient Technology, Inc. (b) 150,934 2,256,463 
Remark Holdings, Inc. (a)(b) 33,979 119,606 
SecureWorks Corp. (a)(b) 18,872 251,186 
ShotSpotter, Inc. (a)(b) 8,210 468,298 
Shutterstock, Inc. 36,454 2,006,428 
SPS Commerce, Inc. (b) 36,537 3,590,491 
Stamps.com, Inc. (b) 32,276 8,018,972 
Support.com, Inc. (b) 39,218 108,242 
Synacor, Inc. (b) 20,037 38,571 
TechTarget, Inc. (b) 34,602 830,102 
Telaria, Inc. (b) 40,833 167,824 
The Trade Desk, Inc. (a)(b) 44,565 6,322,882 
Travelzoo, Inc. (b) 5,383 66,749 
TrueCar, Inc. (a)(b) 174,422 2,243,067 
Twilio, Inc. Class A (b) 148,233 11,956,474 
Twitter, Inc. (b) 1,262,666 44,420,590 
VeriSign, Inc. (b) 187,785 29,784,579 
Veritone, Inc. (b) 20,237 211,274 
Web.com Group, Inc. (b) 88,964 2,486,544 
XO Group, Inc. (b) 59,336 1,783,640 
Yelp, Inc. (b) 147,397 6,945,347 
Yext, Inc. (a)(b) 125,704 3,125,001 
Zillow Group, Inc.:   
Class A (b) 91,547 4,403,411 
Class C (a)(b) 229,161 11,148,683 
  2,713,422,296 
IT Services - 4.4%   
Accenture PLC Class A 1,243,715 210,274,895 
Acxiom Corp. (b) 148,845 6,800,728 
Alliance Data Systems Corp. 93,145 22,222,534 
Automatic Data Processing, Inc. 851,797 125,001,210 
Booz Allen Hamilton Holding Corp. Class A 279,997 14,324,647 
Broadridge Financial Solutions, Inc. 225,825 30,517,991 
CACI International, Inc. Class A (b) 49,436 9,640,020 
Cass Information Systems, Inc. 18,117 1,295,909 
Cognizant Technology Solutions Corp. Class A 1,135,612 89,066,049 
Computer Task Group, Inc. (b) 11,646 68,013 
Conduent, Inc. (b) 388,026 8,994,443 
Convergys Corp. 187,983 4,648,820 
CoreLogic, Inc. (b) 158,956 8,081,323 
CSG Systems International, Inc. 69,253 2,586,600 
CSP, Inc. 3,696 48,898 
DXC Technology Co. 548,783 49,988,643 
Edgewater Technology, Inc. (b) 2,875 13,656 
EPAM Systems, Inc. (b) 99,263 14,187,661 
Euronet Worldwide, Inc. (b) 99,267 9,708,313 
Everi Holdings, Inc. (b) 133,235 1,155,147 
EVERTEC, Inc. 119,642 2,877,390 
ExlService Holdings, Inc. (b) 67,145 4,302,652 
Fidelity National Information Services, Inc. 643,459 69,602,960 
First Data Corp. Class A (b) 1,073,625 27,613,635 
Fiserv, Inc. (b) 793,220 63,513,125 
FleetCor Technologies, Inc. (b) 171,972 36,757,295 
Gartner, Inc. (a)(b) 176,404 26,418,263 
Genpact Ltd. 302,672 9,273,870 
Global Payments, Inc. 307,486 38,306,606 
Hackett Group, Inc. 51,835 1,061,062 
IBM Corp. 1,653,732 242,238,663 
Information Services Group, Inc. (b) 18,000 89,100 
Innodata, Inc. (b) 14,010 20,315 
Jack Henry & Associates, Inc. 152,467 24,156,871 
Leidos Holdings, Inc. 274,684 19,439,387 
ManTech International Corp. Class A 56,813 3,767,838 
MasterCard, Inc. Class A 1,774,601 382,532,992 
Maximus, Inc. 130,433 8,673,795 
ModusLink Global Solutions, Inc. (b) 31,030 67,956 
MoneyGram International, Inc. (b) 66,937 435,760 
NIC, Inc. 134,488 2,259,398 
Paychex, Inc. 615,344 45,073,948 
PayPal Holdings, Inc. (b) 2,157,400 199,192,742 
Perficient, Inc. (b) 66,954 1,923,588 
Perspecta, Inc. 269,702 6,273,269 
PFSweb, Inc. (b) 26,075 224,506 
Presidio, Inc. (a) 95,619 1,445,759 
PRG-Schultz International, Inc. (b) 36,569 349,234 
Sabre Corp. 484,272 12,644,342 
Science Applications International Corp. 82,023 7,400,115 
ServiceSource International, Inc. (b) 116,353 371,166 
Square, Inc. (b) 558,892 49,540,187 
StarTek, Inc. (a)(b) 15,709 95,197 
Sykes Enterprises, Inc. (b) 77,094 2,331,323 
Syntel, Inc. (b) 71,654 2,919,184 
Teradata Corp. (b) 229,463 9,515,831 
The Western Union Co. 887,614 16,793,657 
Total System Services, Inc. 319,353 31,021,950 
Travelport Worldwide Ltd. 241,707 4,488,499 
Ttec Holdings, Inc. 33,151 868,556 
Unisys Corp. (a)(b) 94,015 1,748,679 
Virtusa Corp. (b) 54,223 3,159,032 
Visa, Inc. Class A 3,452,122 507,082,201 
WEX, Inc. (b) 76,928 14,633,244 
WidePoint Corp. (b) 71,654 36,902 
Worldpay, Inc. (b) 573,890 55,891,147 
  2,547,058,691 
Semiconductors & Semiconductor Equipment - 3.7%   
Acacia Communications, Inc. (a)(b) 39,295 1,602,057 
Adesto Technologies Corp. (a)(b) 45,484 275,178 
Advanced Energy Industries, Inc. (b) 78,974 4,705,271 
Advanced Micro Devices, Inc. (a)(b) 1,592,826 40,091,430 
AEHR Test Systems (b) 18,931 47,895 
Alpha & Omega Semiconductor Ltd. (b) 39,883 566,737 
Amkor Technology, Inc. (b) 266,466 2,326,248 
Amtech Systems, Inc. (b) 13,719 75,317 
Analog Devices, Inc. 713,961 70,575,045 
Applied Materials, Inc. 1,942,854 83,581,579 
Aquantia Corp. (b) 25,937 327,844 
Axcelis Technologies, Inc. (b) 55,214 1,115,323 
AXT, Inc. (a)(b) 68,422 540,534 
Broadcom, Inc. 777,449 170,284,654 
Brooks Automation, Inc. 142,458 5,614,270 
Cabot Microelectronics Corp. 49,260 5,553,080 
Ceva, Inc. (b) 44,635 1,365,831 
Cirrus Logic, Inc. (b) 115,056 5,056,711 
Cohu, Inc. 72,404 1,910,018 
Cree, Inc. (a)(b) 190,377 9,159,037 
CVD Equipment Corp. (a)(b) 24,298 156,722 
CyberOptics Corp. (b) 9,251 206,297 
Cypress Semiconductor Corp. 702,153 12,084,053 
Diodes, Inc. (b) 80,058 3,035,799 
DSP Group, Inc. (b) 64,723 831,691 
Entegris, Inc. 292,500 9,915,750 
First Solar, Inc. (b) 156,704 8,161,144 
FormFactor, Inc. (b) 153,604 2,373,182 
GSI Technology, Inc. (b) 18,344 128,591 
Ichor Holdings Ltd. (a)(b) 54,823 1,421,560 
Impinj, Inc. (a)(b) 40,581 871,680 
Inphi Corp. (a)(b) 81,649 3,026,728 
Integrated Device Technology, Inc. (b) 253,049 10,752,052 
Intel Corp. 9,020,847 436,879,620 
Intermolecular, Inc. (b) 6,975 9,416 
Intest Corp. (b) 2,175 19,031 
KLA-Tencor Corp. 301,014 34,980,837 
Kopin Corp. (a)(b) 88,411 205,114 
Kulicke & Soffa Industries, Inc. 141,853 3,658,389 
Lam Research Corp. (a) 315,956 54,688,824 
Lattice Semiconductor Corp. (b) 269,339 2,205,886 
MACOM Technology Solutions Holdings, Inc. (a)(b) 79,684 1,836,716 
Marvell Technology Group Ltd. 1,120,454 23,170,989 
Maxim Integrated Products, Inc. 536,291 32,429,517 
MaxLinear, Inc. Class A (b) 115,923 2,234,995 
Microchip Technology, Inc. (a) 452,919 38,964,622 
Micron Technology, Inc. (b) 2,240,035 117,646,638 
MKS Instruments, Inc. 107,238 9,962,410 
Monolithic Power Systems, Inc. 76,797 11,509,566 
MoSys, Inc. (a)(b) 6,042 5,075 
Nanometrics, Inc. (b) 47,602 2,085,444 
NeoPhotonics Corp. (a)(b) 75,400 662,766 
NVE Corp. 8,841 1,005,045 
NVIDIA Corp. 1,174,599 329,686,447 
ON Semiconductor Corp. (b) 814,755 17,386,872 
PDF Solutions, Inc. (a)(b) 47,788 416,711 
Photronics, Inc. (b) 134,263 1,436,614 
Pixelworks, Inc. (b) 39,177 215,865 
Power Integrations, Inc. 60,434 4,432,834 
Qorvo, Inc. (b) 246,045 19,705,744 
Qualcomm, Inc. 2,868,007 197,060,761 
QuickLogic Corp. (b) 142,208 155,007 
Rambus, Inc. (b) 201,505 2,462,391 
Rubicon Technology, Inc. (a)(b) 2,504 22,887 
Rudolph Technologies, Inc. (b) 69,669 1,936,798 
Semtech Corp. (b) 131,349 7,848,103 
Silicon Laboratories, Inc. (b) 83,053 8,139,194 
Skyworks Solutions, Inc. 352,497 32,182,976 
SMART Global Holdings, Inc. (a)(b) 13,359 440,713 
SolarEdge Technologies, Inc. (a)(b) 72,575 3,479,971 
SunPower Corp. (a)(b) 126,150 847,728 
Synaptics, Inc. (a)(b) 66,113 3,190,613 
Teradyne, Inc. 368,760 15,189,224 
Texas Instruments, Inc. 1,891,141 212,564,248 
Ultra Clean Holdings, Inc. (b) 73,387 1,119,886 
Universal Display Corp. 81,004 9,914,890 
Veeco Instruments, Inc. (b) 86,705 1,040,460 
Versum Materials, Inc. 215,014 8,555,407 
Xcerra Corp. (b) 98,441 1,425,426 
Xilinx, Inc. 492,485 38,330,108 
Xperi Corp. 106,934 1,678,864 
  2,152,766,950 
Software - 6.2%   
8x8, Inc. (b) 182,283 4,137,824 
A10 Networks, Inc. (b) 73,118 509,632 
ACI Worldwide, Inc. (b) 221,607 6,295,855 
Activision Blizzard, Inc. 1,476,345 106,444,475 
Adobe Systems, Inc. (b) 951,220 250,655,982 
Agilysys, Inc. (b) 38,149 613,054 
Altair Engineering, Inc. Class A (b) 55,360 2,312,387 
American Software, Inc. Class A 55,166 991,885 
ANSYS, Inc. (b) 160,570 29,862,809 
Appian Corp. Class A (a)(b) 28,310 988,868 
Aspen Technology, Inc. (b) 138,035 15,923,718 
Asure Software, Inc. (a)(b) 21,771 327,218 
Autodesk, Inc. (b) 424,479 65,518,334 
Avaya Holdings Corp. (a)(b) 205,720 4,805,619 
Black Knight, Inc. (b) 277,685 14,828,379 
Blackbaud, Inc. 92,635 9,686,842 
Bottomline Technologies, Inc. (b) 77,450 5,109,377 
BSQUARE Corp. (b) 11,182 25,719 
CA Technologies, Inc. 596,078 26,108,216 
Cadence Design Systems, Inc. (b) 550,839 25,911,467 
Cardlytics, Inc. (b) 6,642 135,430 
CDK Global, Inc. 240,055 14,960,228 
Ceridian HCM Holding, Inc. (a) 51,932 1,999,382 
Citrix Systems, Inc. (b) 244,801 27,912,210 
CommVault Systems, Inc. (b) 82,577 5,751,488 
Datawatch Corp. (b) 9,730 124,058 
Digimarc Corp. (a)(b) 18,523 547,355 
Digital Turbine, Inc. (a)(b) 70,030 98,042 
Ebix, Inc. 42,676 3,399,143 
Electronic Arts, Inc. (b) 590,942 67,018,732 
Ellie Mae, Inc. (a)(b) 64,487 6,794,995 
Everbridge, Inc. (a)(b) 38,591 2,323,564 
Evolving Systems, Inc. (b) 4,973 11,314 
Fair Isaac Corp. (b) 56,483 13,046,443 
FireEye, Inc. (a)(b) 363,888 6,040,541 
Forescout Technologies, Inc. (b) 43,159 1,556,745 
Fortinet, Inc. (b) 278,231 23,304,629 
Glu Mobile, Inc. (b) 218,018 1,678,739 
GSE Systems, Inc. (b) 388 1,300 
Guidewire Software, Inc. (b) 152,826 15,369,711 
HubSpot, Inc. (b) 68,398 9,828,793 
Imperva, Inc. (b) 59,629 2,811,507 
Inseego Corp. (a)(b) 63,245 197,957 
Intuit, Inc. 471,413 103,461,011 
Manhattan Associates, Inc. (a)(b) 127,067 7,368,615 
Microsoft Corp. 14,869,167 1,670,253,529 
MicroStrategy, Inc. Class A (b) 21,282 3,171,018 
Mitek Systems, Inc. (b) 57,485 416,766 
MobileIron, Inc. (b) 99,040 485,296 
Model N, Inc. (b) 64,636 1,098,812 
Monotype Imaging Holdings, Inc. 83,936 1,729,082 
NetSol Technologies, Inc. (b) 10,165 59,974 
Nuance Communications, Inc. (b) 537,866 8,777,973 
NXT-ID, Inc. (a)(b) 33,283 56,914 
Onespan, Inc. (b) 63,694 1,194,263 
Oracle Corp. 5,764,947 280,061,125 
Parametric Technology Corp. (b) 224,773 22,463,814 
Park City Group, Inc. (a)(b) 18,083 152,801 
Paycom Software, Inc. (a)(b) 94,455 14,651,860 
Paylocity Holding Corp. (b) 55,889 4,439,822 
Pegasystems, Inc. 69,658 4,437,215 
Pivotal Software, Inc. (a) 79,408 2,203,572 
Pluralsight, Inc. (a) 49,679 1,697,531 
Progress Software Corp. 91,795 3,757,169 
Proofpoint, Inc. (b) 99,373 11,790,606 
PROS Holdings, Inc. (a)(b) 75,391 2,780,420 
QAD, Inc.:   
Class A 14,722 892,889 
Class B 4,298 203,940 
Qualys, Inc. (b) 66,160 6,023,868 
Rapid7, Inc. (b) 86,538 3,301,425 
RealNetworks, Inc. (b) 28,670 91,744 
RealPage, Inc. (b) 136,146 8,495,510 
Red Hat, Inc. (b) 340,018 50,230,859 
Red Violet, Inc. (b) 9,876 76,539 
RingCentral, Inc. (b) 129,020 12,018,213 
Rosetta Stone, Inc. (b) 22,826 360,651 
SailPoint Technologies Holding, Inc. (b) 124,457 3,849,455 
Salesforce.com, Inc. (b) 1,363,125 208,121,925 
SeaChange International, Inc. (b) 36,866 60,829 
SendGrid, Inc. (b) 25,907 939,647 
ServiceNow, Inc. (b) 341,271 67,011,974 
SITO Mobile Ltd. (a)(b) 17,979 35,778 
Smartsheet, Inc. 37,005 1,100,159 
Smith Micro Software, Inc. (a)(b) 10,363 25,700 
Snap, Inc. Class A (a)(b) 491,455 5,356,860 
Sonic Foundry, Inc. (b) 155 268 
Splunk, Inc. (b) 281,082 36,020,658 
SS&C Technologies Holdings, Inc. 400,275 23,752,319 
Symantec Corp. 1,194,934 24,089,869 
Synopsys, Inc. (b) 291,260 29,749,296 
Tableau Software, Inc. (b) 133,932 14,981,634 
Take-Two Interactive Software, Inc. (b) 219,196 29,275,818 
TeleNav, Inc. (b) 46,856 262,394 
The Rubicon Project, Inc. (b) 59,339 236,169 
TiVo Corp. 242,388 3,308,596 
Tyler Technologies, Inc. (b) 68,284 16,862,734 
Ultimate Software Group, Inc. (a)(b) 57,044 17,664,815 
Upland Software, Inc. (b) 28,805 1,072,122 
Varonis Systems, Inc. (b) 39,520 2,920,528 
Verint Systems, Inc. (b) 134,744 6,541,821 
VirnetX Holding Corp. (a)(b) 93,723 313,972 
VMware, Inc. Class A (a)(b) 135,112 20,707,265 
Workday, Inc. Class A (b) 281,065 43,435,785 
Workiva, Inc. (b) 48,113 1,772,964 
Zedge, Inc. (b) 14,921 43,719 
Zendesk, Inc. (b) 202,958 13,981,777 
Zix Corp. (b) 85,392 473,926 
Zscaler, Inc. (a)(b) 33,913 1,451,137 
Zuora, Inc. (a) 19,414 535,438 
Zynga, Inc. (b) 1,488,044 6,190,263 
  3,586,322,406 
Technology Hardware, Storage & Peripherals - 4.2%   
3D Systems Corp. (a)(b) 215,475 4,384,916 
Apple, Inc. 9,514,401 2,165,763,044 
Astro-Med, Inc. 5,753 127,429 
Avid Technology, Inc. (a)(b) 45,276 268,034 
CPI Card Group (a)(b) 4,456 14,081 
Cray, Inc. (b) 76,017 1,649,569 
Diebold Nixdorf, Inc. (a) 147,998 702,991 
Eastman Kodak Co. (a)(b) 71,591 232,671 
Electronics for Imaging, Inc. (a)(b) 100,401 3,492,951 
Everspin Technologies, Inc. (a)(b) 9,978 92,297 
Hewlett Packard Enterprise Co. 2,949,075 48,748,210 
HP, Inc. 3,176,408 78,298,457 
Immersion Corp. (b) 59,681 693,493 
Intevac, Inc. (b) 29,097 168,035 
NCR Corp. (b) 227,035 6,450,064 
NetApp, Inc. 516,657 44,850,994 
Pure Storage, Inc. Class A (b) 227,458 6,104,973 
Quantum Corp. (b) 41,835 84,507 
Seagate Technology LLC 554,178 29,670,690 
Transact Technologies, Inc. 3,411 48,095 
U.S.A. Technologies, Inc. (b) 97,355 1,582,019 
Western Digital Corp. 577,716 36,534,760 
Xerox Corp. 410,942 11,448,844 
  2,441,411,124 
TOTAL INFORMATION TECHNOLOGY  14,663,513,560 
MATERIALS - 2.9%   
Chemicals - 1.9%   
A. Schulman, Inc. rights (b)(c) 54,023 103,184 
Advanced Emissions Solutions, Inc. (a) 57,241 653,692 
AdvanSix, Inc. (b) 59,098 1,999,876 
AgroFresh Solutions, Inc. (a)(b) 44,445 295,559 
Air Products & Chemicals, Inc. 426,009 70,841,037 
Albemarle Corp. U.S. (a) 212,999 20,345,664 
American Vanguard Corp. 48,089 1,053,149 
Ashland Global Holdings, Inc. 120,114 10,113,599 
Axalta Coating Systems Ltd. (b) 423,345 12,912,023 
Balchem Corp. 62,509 6,931,623 
Cabot Corp. 119,034 7,727,687 
Celanese Corp. Class A 260,448 30,428,140 
CF Industries Holdings, Inc. 453,042 23,535,532 
Chase Corp. 19,479 2,414,422 
Core Molding Technologies, Inc. 10,858 99,568 
DowDuPont, Inc. 4,491,856 315,013,861 
Eastman Chemical Co. 274,212 26,606,790 
Ecolab, Inc. 503,540 75,772,699 
Ferro Corp. (b) 172,952 3,796,296 
Flotek Industries, Inc. (a)(b) 98,612 245,544 
FMC Corp. 261,067 22,308,175 
FutureFuel Corp. 41,787 619,701 
H.B. Fuller Co. 95,568 5,446,420 
Hawkins, Inc. 15,709 648,782 
Huntsman Corp. 410,120 12,504,559 
Ingevity Corp. (b) 80,091 8,089,992 
Innophos Holdings, Inc. 39,088 1,708,536 
Innospec, Inc. 48,903 3,794,873 
International Flavors & Fragrances, Inc. 152,297 19,842,776 
Intrepid Potash, Inc. (b) 199,844 679,470 
KMG Chemicals, Inc. 25,301 1,960,321 
Koppers Holdings, Inc. (b) 39,973 1,417,043 
Kraton Performance Polymers, Inc. (b) 65,484 3,079,713 
Kronos Worldwide, Inc. 51,691 1,040,540 
LSB Industries, Inc. (a)(b) 28,693 250,203 
LyondellBasell Industries NV Class A 621,426 70,084,424 
Marrone Bio Innovations, Inc. (a)(b) 33,145 69,107 
Minerals Technologies, Inc. 69,103 4,640,266 
NewMarket Corp. 18,766 7,525,917 
Olin Corp. 322,690 9,916,264 
OMNOVA Solutions, Inc. (b) 81,034 733,358 
Platform Specialty Products Corp. (b) 401,657 5,325,972 
PolyOne Corp. 158,115 6,681,940 
PPG Industries, Inc. (a) 480,344 53,097,226 
PQ Group Holdings, Inc. 84,801 1,509,458 
Praxair, Inc. 557,621 88,210,066 
Quaker Chemical Corp. 25,955 4,675,534 
Rayonier Advanced Materials, Inc. 104,966 2,193,789 
RPM International, Inc. 260,660 17,594,550 
Senomyx, Inc. (b) 66,138 76,059 
Sensient Technologies Corp. 86,306 6,129,452 
Sherwin-Williams Co. 158,842 72,365,238 
Stepan Co. 39,421 3,516,747 
The Chemours Co. LLC 342,775 14,944,990 
The Mosaic Co. 670,129 20,954,934 
The Scotts Miracle-Gro Co. Class A 73,152 5,465,917 
Trecora Resources (b) 30,461 426,454 
Tredegar Corp. 71,882 1,577,810 
Trinseo SA 91,255 7,040,323 
Tronox Ltd. Class A 190,878 3,090,315 
Valhi, Inc. 49,033 161,809 
Valvoline, Inc. 376,388 8,099,870 
Venator Materials PLC 108,555 1,311,344 
W.R. Grace & Co. 125,990 8,902,453 
Westlake Chemical Corp. 68,037 6,434,259 
  1,127,036,894 
Construction Materials - 0.1%   
Eagle Materials, Inc. 90,055 8,314,778 
Forterra, Inc. (a)(b) 32,917 278,478 
Foundation Building Materials, Inc. (b) 21,184 292,551 
Martin Marietta Materials, Inc. 122,228 24,289,148 
nVent Electric PLC 322,756 9,066,216 
Summit Materials, Inc. 222,652 4,735,808 
U.S. Concrete, Inc. (a)(b) 33,299 1,605,012 
United States Lime & Minerals, Inc. 4,018 304,926 
Vulcan Materials Co. 255,252 28,281,922 
  77,168,839 
Containers & Packaging - 0.4%   
Aptargroup, Inc. 123,061 12,885,717 
Avery Dennison Corp. 168,996 17,774,999 
Ball Corp. 674,885 28,264,184 
Bemis Co., Inc. 175,245 8,636,074 
Berry Global Group, Inc. (b) 250,616 11,961,902 
Crown Holdings, Inc. (a)(b) 255,363 10,932,090 
Graphic Packaging Holding Co. 589,083 8,376,760 
Greif, Inc. Class A 57,489 3,172,243 
International Paper Co. 798,758 40,848,484 
Myers Industries, Inc. 56,968 1,267,538 
Owens-Illinois, Inc. (b) 328,894 5,811,557 
Packaging Corp. of America 184,462 20,276,063 
Sealed Air Corp. 304,706 12,221,758 
Silgan Holdings, Inc. 162,095 4,417,089 
Sonoco Products Co. 192,348 10,779,182 
UFP Technologies, Inc. (b) 14,187 500,092 
WestRock Co. 494,382 27,230,561 
  225,356,293 
Metals & Mining - 0.4%   
AK Steel Holding Corp. (a)(b) 633,642 2,813,370 
Alcoa Corp. (b) 330,923 14,782,330 
Allegheny Technologies, Inc. (a)(b) 249,053 6,731,903 
Ampco-Pittsburgh Corp. (b) 10,414 78,626 
Atkore International Group, Inc. (b) 83,406 2,283,656 
Carpenter Technology Corp. 89,534 5,342,494 
Century Aluminum Co. (a)(b) 91,405 1,153,531 
Cleveland-Cliffs, Inc. (b) 584,517 5,874,396 
Coeur d'Alene Mines Corp. (b) 353,050 2,005,324 
Commercial Metals Co. 230,409 4,976,834 
Compass Minerals International, Inc. 67,713 4,235,448 
Comstock Mining, Inc. (a)(b) 11,344 1,985 
Freeport-McMoRan, Inc. 2,600,390 36,535,480 
Friedman Industries 2,001 20,670 
General Moly, Inc. (b) 60,513 23,600 
Gold Resource Corp. 109,163 563,281 
Golden Minerals Co. (a)(b) 71,014 19,444 
Haynes International, Inc. 23,949 943,591 
Hecla Mining Co. 977,921 2,777,296 
Kaiser Aluminum Corp. 33,314 3,650,881 
Materion Corp. 39,771 2,537,390 
McEwen Mining, Inc. (a) 511,683 1,008,016 
Newmont Mining Corp. 1,038,266 32,217,394 
Nucor Corp. 614,951 38,434,438 
Olympic Steel, Inc. 12,703 279,974 
Paramount Gold Nevada Corp. (a)(b) 7,958 8,197 
Pershing Gold Corp. (b) 31,696 41,522 
Reliance Steel & Aluminum Co. 138,609 12,182,345 
Royal Gold, Inc. 127,141 9,695,773 
Ryerson Holding Corp. (b) 30,039 312,406 
Schnitzer Steel Industries, Inc. Class A 62,341 1,642,685 
Solitario Exploration & Royalty Corp. (b) 18,115 6,851 
Steel Dynamics, Inc. 449,332 20,547,952 
SunCoke Energy, Inc. (b) 119,717 1,336,042 
Synalloy Corp. (a) 9,739 223,510 
TimkenSteel Corp. (a)(b) 69,807 977,996 
U.S. Antimony Corp. (b) 24,962 14,977 
U.S. Gold Corp. 46 52 
United States Steel Corp. 343,724 10,201,728 
Universal Stainless & Alloy Products, Inc. (b) 13,897 420,801 
Warrior Metropolitan Coal, Inc. (a) 86,484 2,079,940 
Worthington Industries, Inc. 90,980 4,237,848 
  233,221,977 
Paper & Forest Products - 0.1%   
Boise Cascade Co. 74,391 3,250,887 
Clearwater Paper Corp. (b) 35,821 1,040,600 
Domtar Corp. 128,751 6,553,426 
Kapstone Paper & Packaging Corp. 170,425 5,854,099 
Louisiana-Pacific Corp. 275,889 8,044,923 
Mercer International, Inc. (SBI) 87,436 1,547,617 
Neenah, Inc. 34,858 3,180,793 
P.H. Glatfelter Co. 78,096 1,501,786 
Resolute Forest Products (b) 168,368 2,315,060 
Schweitzer-Mauduit International, Inc. 57,402 2,335,687 
Verso Corp. (b) 69,099 2,169,018 
  37,793,896 
TOTAL MATERIALS  1,700,577,899 
REAL ESTATE - 3.6%   
Equity Real Estate Investment Trusts (REITs) - 3.5%   
Acadia Realty Trust (SBI) 161,267 4,599,335 
Agree Realty Corp. 70,090 4,000,036 
Alexander & Baldwin, Inc. 155,313 3,645,196 
Alexanders, Inc. 7,463 2,693,621 
Alexandria Real Estate Equities, Inc. 194,551 24,970,621 
American Assets Trust, Inc. 89,595 3,539,003 
American Campus Communities, Inc. 265,755 11,143,107 
American Homes 4 Rent Class A 475,496 11,031,507 
American Tower Corp. 852,991 127,198,018 
Americold Realty Trust 115,807 2,883,594 
Apartment Investment & Management Co. Class A 313,759 13,742,644 
Apple Hospitality (REIT), Inc. 411,429 7,261,722 
Armada Hoffler Properties, Inc. 88,352 1,377,408 
Ashford Hospitality Trust, Inc. 184,946 1,200,300 
AvalonBay Communities, Inc. 264,965 48,565,435 
Bluerock Residential Growth (REIT), Inc. 90,320 893,265 
Boston Properties, Inc. 296,394 38,664,597 
Braemar Hotels & Resorts, Inc. 47,533 549,006 
Brandywine Realty Trust (SBI) 339,166 5,684,422 
Brixmor Property Group, Inc. 590,586 10,760,477 
BRT Realty Trust 189,164 2,434,541 
Camden Property Trust (SBI) 177,479 16,871,154 
CareTrust (REIT), Inc. 143,665 2,650,619 
CatchMark Timber Trust, Inc. 100,692 1,262,678 
CBL & Associates Properties, Inc. (a) 338,899 1,511,490 
Cedar Realty Trust, Inc. 134,023 599,083 
Chatham Lodging Trust 76,647 1,644,078 
Chesapeake Lodging Trust 114,633 3,772,572 
CIM Commercial Trust Corp. 6,057 94,489 
City Office REIT, Inc. 67,579 872,445 
Clipper Realty, Inc. 6,962 84,936 
Colony NorthStar, Inc. (a) 981,801 6,018,440 
Columbia Property Trust, Inc. 224,485 5,405,599 
Community Healthcare Trust, Inc. 41,798 1,296,992 
Condor Hospitality Trust, Inc. 108 1,129 
CorEnergy Infrastructure Trust, Inc. (a) 18,244 682,873 
CorePoint Lodging, Inc. (b) 70,925 1,478,786 
CoreSite Realty Corp. 69,249 8,065,431 
Corporate Office Properties Trust (SBI) 217,809 6,704,161 
Corrections Corp. of America 221,394 5,731,891 
Cousins Properties, Inc. 792,672 7,411,483 
Crown Castle International Corp. 801,649 91,412,035 
CubeSmart 366,464 11,195,475 
CyrusOne, Inc. 193,698 12,970,018 
DDR Corp. 292,764 4,095,768 
DiamondRock Hospitality Co. 396,647 4,743,898 
Digital Realty Trust, Inc. 400,800 49,811,424 
Douglas Emmett, Inc. 314,526 12,285,386 
Duke Realty Corp. 686,860 19,568,641 
Easterly Government Properties, Inc. 107,765 2,182,241 
EastGroup Properties, Inc. 63,814 6,207,188 
Education Realty Trust, Inc. 147,468 6,102,226 
Empire State Realty Trust, Inc. 295,222 5,192,955 
EPR Properties 130,186 9,136,453 
Equinix, Inc. 153,355 66,882,716 
Equity Commonwealth (b) 237,117 7,601,971 
Equity Lifestyle Properties, Inc. 174,997 16,953,709 
Equity Residential (SBI) 709,071 48,039,560 
Essex Property Trust, Inc. 126,754 31,216,975 
Extra Space Storage, Inc. 240,925 22,215,694 
Farmland Partners, Inc. (a) 105,443 744,428 
Federal Realty Investment Trust (SBI) 138,774 18,125,272 
First Industrial Realty Trust, Inc. 254,605 8,264,478 
Forest City Realty Trust, Inc. Class A 522,472 13,140,171 
Four Corners Property Trust, Inc. 120,965 3,258,797 
Franklin Street Properties Corp. 202,564 1,735,973 
Front Yard Residential Corp. Class B 111,755 1,365,646 
Gaming & Leisure Properties 386,459 13,831,368 
Getty Realty Corp. 62,136 1,808,779 
Gladstone Commercial Corp. 76,606 1,525,225 
Gladstone Land Corp. (a) 23,552 322,662 
Global Medical REIT, Inc. 12,930 123,740 
Global Net Lease, Inc. 130,726 2,835,447 
Government Properties Income Trust (a) 190,011 3,213,086 
Gramercy Property Trust 292,778 8,007,478 
HCP, Inc. 908,266 24,550,430 
Healthcare Realty Trust, Inc. 262,572 8,129,229 
Healthcare Trust of America, Inc. 387,197 11,062,218 
Hersha Hospitality Trust 71,283 1,682,279 
Highwoods Properties, Inc. (SBI) 185,987 9,250,993 
Hospitality Properties Trust (SBI) 312,543 9,060,622 
Host Hotels & Resorts, Inc. 1,420,155 30,575,937 
Hudson Pacific Properties, Inc. 313,901 10,622,410 
Independence Realty Trust, Inc. 140,119 1,447,429 
Industrial Logistics Properties Trust 67,268 1,619,141 
InfraReit, Inc. 82,809 1,729,880 
Investors Real Estate Trust 202,786 1,105,184 
Invitation Homes, Inc. 549,647 12,845,250 
Iron Mountain, Inc. 538,602 19,443,532 
iStar Financial, Inc. (a) 129,923 1,453,838 
JBG SMITH Properties 197,137 7,384,752 
Jernigan Capital, Inc. 21,201 424,232 
Kilroy Realty Corp. 183,382 13,412,559 
Kimco Realty Corp. 819,855 14,027,719 
Kite Realty Group Trust 170,320 2,977,194 
Lamar Advertising Co. Class A 159,840 12,315,672 
LaSalle Hotel Properties (SBI) 206,162 7,238,348 
Lexington Corporate Properties Trust 399,211 3,728,631 
Liberty Property Trust (SBI) 291,830 12,767,563 
Life Storage, Inc. 90,026 8,786,538 
LTC Properties, Inc. 76,598 3,557,977 
Mack-Cali Realty Corp. 182,244 3,980,209 
MedEquities Realty Trust, Inc. 56,982 610,277 
Medical Properties Trust, Inc. 763,546 11,491,367 
Mid-America Apartment Communities, Inc. 219,168 22,697,038 
Monmouth Real Estate Investment Corp. Class A 144,924 2,520,228 
National Health Investors, Inc. 85,662 6,788,714 
National Retail Properties, Inc. 290,818 13,403,802 
National Storage Affiliates Trust 107,421 3,046,460 
New Senior Investment Group, Inc. 149,321 946,695 
NexPoint Residential Trust, Inc. 32,020 1,034,246 
NorthStar Realty Europe Corp. 99,105 1,359,721 
Omega Healthcare Investors, Inc. (a) 384,407 12,704,651 
One Liberty Properties, Inc. 42,541 1,224,755 
Outfront Media, Inc. 278,838 5,540,511 
Paramount Group, Inc. 417,609 6,631,631 
Park Hotels & Resorts, Inc. 384,706 12,868,416 
Pebblebrook Hotel Trust (a) 134,429 5,190,304 
Pennsylvania Real Estate Investment Trust (SBI) 137,479 1,402,286 
Physicians Realty Trust 357,866 6,259,076 
Piedmont Office Realty Trust, Inc. Class A 250,343 4,966,805 
Potlatch Corp. 118,272 5,712,538 
Power (REIT) (b) 718 4,344 
Preferred Apartment Communities, Inc. Class A 81,117 1,445,505 
Prologis, Inc. 1,217,790 81,811,132 
PS Business Parks, Inc. 42,672 5,565,709 
Public Storage 290,191 61,688,803 
QTS Realty Trust, Inc. Class A 103,526 4,734,244 
Ramco-Gershenson Properties Trust (SBI) 161,970 2,261,101 
Rayonier, Inc. 246,837 8,597,333 
Realty Income Corp. 540,503 31,657,261 
Regency Centers Corp. 280,156 18,498,701 
Retail Opportunity Investments Corp. 207,087 4,087,897 
Retail Properties America, Inc. 409,657 5,214,934 
Rexford Industrial Realty, Inc. 174,524 5,672,030 
RLJ Lodging Trust 347,260 7,608,467 
Ryman Hospitality Properties, Inc. 99,071 8,790,570 
Sabra Health Care REIT, Inc. 356,789 8,413,085 
Safety Income and Growth, Inc. 12,370 204,105 
Saul Centers, Inc. 23,905 1,434,300 
SBA Communications Corp. Class A (b) 220,984 34,303,346 
Select Income REIT 130,864 2,689,255 
Senior Housing Properties Trust (SBI) 490,704 9,377,353 
Seritage Growth Properties (a) 55,673 2,866,046 
Simon Property Group, Inc. 597,704 109,397,763 
SL Green Realty Corp. 168,216 17,561,750 
Sotherly Hotels, Inc. 2,721 20,054 
Spirit MTA REIT (a) 83,110 890,939 
Spirit Realty Capital, Inc. 780,634 6,533,907 
Stag Industrial, Inc. 200,184 5,779,312 
Store Capital Corp. 322,243 9,283,821 
Summit Hotel Properties, Inc. 229,907 3,156,623 
Sun Communities, Inc. 161,888 16,703,604 
Sunstone Hotel Investors, Inc. 432,350 7,254,833 
Tanger Factory Outlet Centers, Inc. (a) 177,740 4,276,424 
Taubman Centers, Inc. 118,985 7,687,621 
Terreno Realty Corp. 97,945 3,762,067 
The GEO Group, Inc. 235,799 5,982,221 
The Macerich Co. 210,709 12,377,047 
TIER REIT, Inc. 108,647 2,590,144 
UDR, Inc. 504,145 20,150,676 
UMH Properties, Inc. 79,886 1,274,981 
Uniti Group, Inc. (a) 323,922 6,744,056 
Universal Health Realty Income Trust (SBI) 38,916 2,967,345 
Urban Edge Properties 212,899 4,866,871 
Urstadt Biddle Properties, Inc. Class A 92,798 2,111,155 
Ventas, Inc. 689,548 41,283,239 
VEREIT, Inc. 1,855,911 14,513,224 
Vornado Realty Trust 332,081 25,570,237 
Washington Prime Group, Inc. 352,285 2,726,686 
Washington REIT (SBI) 155,354 4,902,972 
Weingarten Realty Investors (SBI) 250,007 7,732,717 
Welltower, Inc. 717,418 47,858,955 
Weyerhaeuser Co. 1,456,578 50,557,822 
Wheeler REIT, Inc. (a) 6,770 37,303 
Whitestone REIT Class B 105,336 1,436,783 
WP Carey, Inc. 215,291 14,334,075 
Xenia Hotels & Resorts, Inc. 197,955 4,802,388 
  2,040,749,490 
Real Estate Management & Development - 0.1%   
Altisource Portfolio Solutions SA (a)(b) 18,423 665,991 
Boston Omaha Corp. (a)(b) 13,217 343,113 
CBRE Group, Inc. (b) 576,875 28,157,269 
Consolidated-Tomoka Land Co. 8,081 507,325 
Forestar Group, Inc. (a)(b) 22,360 574,652 
FRP Holdings, Inc. (b) 11,702 764,141 
HFF, Inc. 77,093 3,500,793 
Howard Hughes Corp. (b) 76,123 9,924,156 
Jones Lang LaSalle, Inc. 85,898 13,101,163 
Kennedy-Wilson Holdings, Inc. 251,133 5,386,803 
Marcus & Millichap, Inc. (b) 26,096 950,155 
Maui Land & Pineapple, Inc. (b) 31,310 397,637 
RE/MAX Holdings, Inc. 32,840 1,617,370 
Realogy Holdings Corp. (a) 250,072 5,349,040 
Redfin Corp. (a)(b) 130,022 2,575,736 
Retail Value, Inc. (b) 29,276 1,045,739 
Stratus Properties, Inc. (b) 12,801 389,150 
Tejon Ranch Co. (b) 29,778 661,965 
The St. Joe Co. (a)(b) 125,813 2,163,984 
Transcontinental Realty Investors, Inc. (b) 20,697 628,982 
Trinity Place Holdings, Inc. (b) 7,019 42,816 
VICI Properties, Inc. 138,928 2,904,984 
  81,652,964 
TOTAL REAL ESTATE  2,122,402,454 
TELECOMMUNICATION SERVICES - 1.7%   
Diversified Telecommunication Services - 1.6%   
Alaska Communication Systems Group, Inc. (b) 135,810 267,546 
AT&T, Inc. 14,049,911 448,754,157 
Atlantic Tele-Network, Inc. 20,159 1,476,244 
Bandwidth, Inc. (b) 11,272 513,552 
CenturyLink, Inc. 1,904,600 40,682,256 
Cincinnati Bell, Inc. (b) 118,793 1,544,309 
Cogent Communications Group, Inc. 79,491 4,348,158 
Consolidated Communications Holdings, Inc. (a) 126,066 1,488,839 
Frontier Communications Corp. (a) 161,811 841,417 
Globalstar, Inc. (a)(b) 800,187 408,015 
IDT Corp. Class B 44,765 236,807 
Iridium Communications, Inc. (a)(b) 166,538 3,372,395 
Ooma, Inc. (b) 37,459 599,344 
ORBCOMM, Inc. (b) 147,877 1,595,593 
Pareteum Corp. (a)(b) 88,901 245,367 
PDVWireless, Inc. (b) 18,833 565,932 
Verizon Communications, Inc. 7,989,834 434,407,275 
Vonage Holdings Corp. (b) 424,318 6,016,829 
WideOpenWest, Inc. (a)(b) 35,967 419,016 
Windstream Holdings, Inc. (a)(b) 76,326 359,495 
Zayo Group Holdings, Inc. (b) 360,743 12,503,352 
  960,645,898 
Wireless Telecommunication Services - 0.1%   
Airgain, Inc. (a)(b) 9,732 115,811 
Boingo Wireless, Inc. (b) 90,549 2,995,361 
NII Holdings, Inc. (a)(b) 192,173 1,103,073 
Shenandoah Telecommunications Co. 92,579 3,531,889 
Spok Holdings, Inc. 43,148 662,322 
Sprint Corp. (a)(b) 1,344,786 8,216,642 
T-Mobile U.S., Inc. (b) 569,092 37,582,836 
Telephone & Data Systems, Inc. 174,990 5,256,700 
U.S. Cellular Corp. (b) 27,310 1,167,776 
  60,632,410 
TOTAL TELECOMMUNICATION SERVICES  1,021,278,308 
UTILITIES - 2.8%   
Electric Utilities - 1.6%   
Allete, Inc. 104,493 7,845,334 
Alliant Energy Corp. 441,042 18,894,239 
American Electric Power Co., Inc. 941,624 67,542,690 
Duke Energy Corp. 1,356,125 110,171,595 
Edison International 630,951 41,472,409 
El Paso Electric Co. 80,794 4,952,672 
Entergy Corp. 343,175 28,685,998 
Evergy, Inc. 516,234 29,451,150 
Eversource Energy 609,178 38,030,983 
Exelon Corp. 1,852,392 80,968,054 
FirstEnergy Corp. 868,107 32,449,840 
Genie Energy Ltd. Class B 24,074 130,240 
Hawaiian Electric Industries, Inc. 219,652 7,747,126 
IDACORP, Inc. 102,567 10,036,181 
MGE Energy, Inc. 72,899 4,771,240 
NextEra Energy, Inc. 906,065 154,121,657 
OGE Energy Corp. 377,699 13,910,654 
Otter Tail Corp. 81,371 3,897,671 
PG&E Corp. 996,068 45,998,420 
Pinnacle West Capital Corp. 223,339 17,543,278 
PNM Resources, Inc. 156,967 6,113,865 
Portland General Electric Co. 174,192 8,082,509 
PPL Corp. 1,360,295 40,455,173 
Southern Co. 1,956,907 85,673,388 
Spark Energy, Inc. Class A, (a) 24,582 216,322 
Vistra Energy Corp. (b) 709,045 16,690,919 
Xcel Energy, Inc. 983,494 47,256,887 
  923,110,494 
Gas Utilities - 0.2%   
Atmos Energy Corp. 227,360 20,969,413 
Chesapeake Utilities Corp. 32,292 2,777,112 
National Fuel Gas Co. 165,416 9,185,550 
New Jersey Resources Corp. 166,205 7,578,948 
Northwest Natural Gas Co. 62,093 4,029,836 
ONE Gas, Inc. 101,493 7,970,245 
RGC Resources, Inc. 6,537 176,041 
South Jersey Industries, Inc. (a) 159,735 5,300,007 
Southwest Gas Holdings, Inc. 93,395 7,221,301 
Spire, Inc. 102,174 7,617,072 
UGI Corp. 328,308 17,745,047 
  90,570,572 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Energy, Inc. 571,503 20,225,491 
NRG Yield, Inc.:   
Class A 44,523 876,658 
Class C 167,464 3,324,160 
Ormat Technologies, Inc. 74,908 3,943,906 
Pattern Energy Group, Inc. (a) 171,450 3,494,151 
Terraform Power, Inc. 103,630 1,158,583 
The AES Corp. 1,264,774 17,023,858 
  50,046,807 
Multi-Utilities - 0.8%   
Ameren Corp. 468,043 29,594,359 
Avangrid, Inc. 138,427 6,829,988 
Avista Corp. 128,677 6,602,417 
Black Hills Corp. (a) 101,787 5,990,165 
CenterPoint Energy, Inc. 820,763 22,809,004 
CMS Energy Corp. 535,500 26,368,020 
Consolidated Edison, Inc. 595,082 46,969,822 
Dominion Resources, Inc. 1,260,445 89,201,693 
DTE Energy Co. 343,228 38,146,360 
MDU Resources Group, Inc. 379,742 10,591,004 
NiSource, Inc. 663,795 17,968,931 
NorthWestern Energy Corp. 103,581 6,210,717 
Public Service Enterprise Group, Inc. 967,507 50,648,991 
SCANA Corp. 278,583 10,680,872 
Sempra Energy (a) 509,240 59,112,579 
Unitil Corp. 58,643 2,964,404 
Vectren Corp. 159,198 11,334,898 
WEC Energy Group, Inc. 600,251 40,564,963 
  482,589,187 
Water Utilities - 0.1%   
American States Water Co. 72,116 4,357,970 
American Water Works Co., Inc. 337,468 29,538,574 
Aqua America, Inc. 365,029 13,571,778 
AquaVenture Holdings Ltd. (b) 20,099 365,400 
Artesian Resources Corp. Class A 60,277 2,165,753 
Cadiz, Inc. (a)(b) 46,921 450,442 
California Water Service Group 95,596 3,933,775 
Connecticut Water Service, Inc. 31,367 2,148,953 
Middlesex Water Co. 39,650 1,815,970 
Pure Cycle Corp. (b) 17,116 192,555 
Select Energy Services, Inc. Class A (b) 113,670 1,551,596 
SJW Corp. 29,404 1,702,786 
York Water Co. 40,150 1,208,515 
  63,004,067 
TOTAL UTILITIES  1,609,321,127 
TOTAL COMMON STOCKS   
(Cost $34,330,940,945)  57,902,307,525 
 Principal Amount Value 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 2.07% 1/3/19 (d)   
(Cost $5,957,592) 6,000,000 5,957,196 
 Shares Value 
Money Market Funds - 3.7%   
Fidelity Cash Central Fund, 1.97% (e) 307,770,942 $307,832,496 
Fidelity Securities Lending Cash Central Fund 1.98% (e)(f) 1,825,342,706 1,825,525,241 
TOTAL MONEY MARKET FUNDS   
(Cost $2,133,260,068)  2,133,357,737 
TOTAL INVESTMENT IN SECURITIES - 103.4%   
(Cost $36,470,158,605)  60,041,622,458 
NET OTHER ASSETS (LIABILITIES) - (3.4)%  (2,000,413,049) 
NET ASSETS - 100%  $58,041,209,409 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini Russell 2000 Index Contracts (United States) 147 Sept. 2018 $12,793,410 $565,066 $565,066 
CME E-mini S&P 500 Index Contracts (United States) 599 Sept. 2018 86,917,895 4,527,991 4,527,991 
CME E-mini S&P MidCap 400 Index Contracts (United States) 32 Sept. 2018 6,545,920 243,778 243,778 
TOTAL FUTURES CONTRACTS     $5,336,835 

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) Level 3 security

 (d) 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 $5,957,196.

 (e) 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.

 (f) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $1,361,208 
Fidelity Securities Lending Cash Central Fund 6,954,115 
Total $8,315,323 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $7,604,125,980 $7,604,125,980 $-- $-- 
Consumer Staples 3,485,437,063 3,485,437,063 -- -- 
Energy 3,229,447,104 3,229,447,104 -- -- 
Financials 8,237,523,499 8,237,523,499 -- -- 
Health Care 8,270,622,371 8,269,819,671 -- 802,700 
Industrials 5,958,058,160 5,958,058,160 -- -- 
Information Technology 14,663,513,560 14,663,513,560 -- -- 
Materials 1,700,577,899 1,700,474,715 -- 103,184 
Real Estate 2,122,402,454 2,122,402,454 -- -- 
Telecommunication Services 1,021,278,308 1,021,278,308 -- -- 
Utilities 1,609,321,127 1,609,321,127 -- -- 
U.S. Government and Government Agency Obligations 5,957,196 -- 5,957,196 -- 
Money Market Funds 2,133,357,737 2,133,357,737 -- -- 
Total Investments in Securities: $60,041,622,458 $60,034,759,378 $5,957,196 $905,884 
Derivative Instruments:     
Assets     
Futures Contracts $5,336,835 $5,336,835 $-- $-- 
Total Assets $5,336,835 $5,336,835 $-- $-- 
Total Derivative Instruments: $5,336,835 $5,336,835 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $5,336,835 $0 
Total Equity Risk 5,336,835 0 
Total Value of Derivatives $5,336,835 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Fidelity® Total Market Index Fund

Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $1,785,418,856) — See accompanying schedule:
Unaffiliated issuers (cost $34,336,898,537) 		$57,908,264,721  
Fidelity Central Funds (cost $2,133,260,068) 2,133,357,737  
Total Investment in Securities (cost $36,470,158,605)  $60,041,622,458 
Segregated cash with brokers for derivative instruments  8,720,656 
Cash  9,438,923 
Receivable for fund shares sold  65,862,664 
Dividends receivable  94,694,052 
Distributions receivable from Fidelity Central Funds  1,334,076 
Receivable for daily variation margin on futures contracts  210,927 
Other receivables  614,840 
Total assets  60,222,498,596 
Liabilities   
Payable for investments purchased $49,191,017  
Payable for fund shares redeemed 305,481,434  
Accrued management fee 707,464  
Other payables and accrued expenses 895,166  
Collateral on securities loaned 1,825,014,106  
Total liabilities  2,181,289,187 
Net Assets  $58,041,209,409 
Net Assets consist of:   
Paid in capital  $33,983,028,655 
Undistributed net investment income  490,441,785 
Accumulated undistributed net realized gain (loss) on investments  (9,061,719) 
Net unrealized appreciation (depreciation) on investments  23,576,800,688 
Net Assets  $58,041,209,409 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($896,095,874 ÷ 10,667,382 shares)  $84.00 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($30,147,015,917 ÷ 358,832,234 shares)  $84.01 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($3,777,134,844 ÷ 44,963,568 shares)  $84.00 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($8,884,841,017 ÷ 105,771,661 shares)  $84.00 
Class F:   
Net Asset Value, offering price and redemption price per share ($14,336,121,757 ÷ 170,618,002 shares)  $84.02 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $490,626,239 
Interest  46,977 
Income from Fidelity Central Funds (including $6,954,115 from security lending)  8,315,323 
Total income  498,988,539 
Expenses   
Management fee $4,005,590  
Transfer agent fees 2,802,870  
Independent trustees' fees and expenses 131,478  
Legal 3,348  
Interest 16,268  
Commitment fees 71,142  
Total expenses before reductions 7,030,696  
Expense reductions (6,402)  
Total expenses after reductions  7,024,294 
Net investment income (loss)  491,964,245 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 129,861,925  
Fidelity Central Funds (16,578)  
Futures contracts 12,178,931  
Total net realized gain (loss)  142,024,278 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 4,071,504,045  
Fidelity Central Funds (13,648)  
Futures contracts 1,169,644  
Total change in net unrealized appreciation (depreciation)  4,072,660,041 
Net gain (loss)  4,214,684,319 
Net increase (decrease) in net assets resulting from operations  $4,706,648,564 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $491,964,245 $830,794,882 
Net realized gain (loss) 142,024,278 310,972,014 
Change in net unrealized appreciation (depreciation) 4,072,660,041 5,665,452,634 
Net increase (decrease) in net assets resulting from operations 4,706,648,564 6,807,219,530 
Distributions to shareholders from net investment income (167,025,734) (778,723,850) 
Distributions to shareholders from net realized gain (10,522,734) (315,859,948) 
Total distributions (177,548,468) (1,094,583,798) 
Share transactions - net increase (decrease) 3,339,415,507 4,369,390,868 
Total increase (decrease) in net assets 7,868,515,603 10,082,026,600 
Net Assets   
Beginning of period 50,172,693,806 40,090,667,206 
End of period $58,041,209,409 $50,172,693,806 
Other Information   
Undistributed net investment income end of period $490,441,785 $165,503,274 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Total Market Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.43 $68.20 $55.32 $61.58 $54.91 $44.05 
Income from Investment Operations       
Net investment income (loss)B .71 1.30 1.20 1.13 1.10 .92 
Net realized and unrealized gain (loss) 6.12 9.65 13.20 (5.97) 6.51 10.74 
Total from investment operations 6.83 10.95 14.40 (4.84) 7.61 11.66 
Distributions from net investment income (.24) (1.21) (1.13) (1.11) (.94) (.80) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.26) (1.72) (1.52) (1.42) (.94) (.80) 
Redemption fees added to paid in capitalB – – –C –C –C –C 
Net asset value, end of period $84.00 $77.43 $68.20 $55.32 $61.58 $54.91 
Total ReturnD,E 8.85% 16.16% 26.22% (7.96)% 13.94% 26.62% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .08%H .09% .09% .10% .10% .10% 
Expenses net of fee waivers, if any .08%H .09% .09% .10% .10% .10% 
Expenses net of all reductions .08%H .09% .09% .10% .10% .10% 
Net investment income (loss) 1.79%H 1.79% 1.96% 1.90% 1.91% 1.85% 
Supplemental Data       
Net assets, end of period (000 omitted) $896,096 $794,446 $736,989 $1,932,568 $1,943,259 $1,694,212 
Portfolio turnover rateI 5%H 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.44 $68.20 $55.32 $61.59 $54.91 $44.06 
Income from Investment Operations       
Net investment income (loss)B .73 1.34 1.25 1.16 1.13 .94 
Net realized and unrealized gain (loss) 6.11 9.66 13.18 (5.98) 6.52 10.73 
Total from investment operations 6.84 11.00 14.43 (4.82) 7.65 11.67 
Distributions from net investment income (.25) (1.25) (1.16) (1.14) (.97) (.82) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27) (1.76) (1.55) (1.45) (.97) (.82) 
Redemption fees added to paid in capitalB – – –C –C –C –C 
Net asset value, end of period $84.01 $77.44 $68.20 $55.32 $61.59 $54.91 
Total ReturnD,E 8.87% 16.23% 26.28% (7.92)% 14.02% 26.65% 
Ratios to Average Net AssetsF,G       
Expenses before reductions .03%H .04% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%H .04% .05% .05% .05% .06% 
Expenses net of all reductions .03%H .04% .05% .05% .05% .06% 
Net investment income (loss) 1.83%H 1.84% 2.00% 1.95% 1.96% 1.89% 
Supplemental Data       
Net assets, end of period (000 omitted) $30,147,016 $27,441,887 $23,288,507 $18,866,595 $18,860,117 $14,943,835 
Portfolio turnover rateI 5%H 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Amount represents less than $.005 per share.

 D Total returns for periods of less than one year are not annualized.

 E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 F Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 H Annualized

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Institutional Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.43 $68.19 $55.31 $61.58 $54.91 $44.05 
Income from Investment Operations       
Net investment income (loss)B .73 1.34 1.26 1.17 1.13 .94 
Net realized and unrealized gain (loss) 6.11 9.66 13.18 (5.98) 6.52 10.75 
Total from investment operations 6.84 11.00 14.44 (4.81) 7.65 11.69 
Distributions from net investment income (.25) (1.25) (1.16) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27) (1.76) (1.56)C (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $84.00 $77.43 $68.19 $55.31 $61.58 $54.91 
Total ReturnE,F 8.87% 16.24% 26.30% (7.92)% 14.01% 26.69% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .03%I .03% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .03%I .03% .04% .04% .04% .05% 
Expenses net of all reductions .03%I .03% .04% .04% .04% .05% 
Net investment income (loss) 1.84%I 1.85% 2.01% 1.96% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $3,777,135 $3,341,899 $2,345,441 $1,199,719 $1,307,281 $1,254,047 
Portfolio turnover rateJ 5%I 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $1.56 per share is comprised of distributions from net investment income of $1.162 and distributions from net realized gain of $.393 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.42 $68.19 $55.31 $61.58 $54.90 $44.05 
Income from Investment Operations       
Net investment income (loss)B .73 1.36 1.28 1.17 1.14 .95 
Net realized and unrealized gain (loss) 6.12 9.65 13.17 (5.98) 6.52 10.73 
Total from investment operations 6.85 11.01 14.45 (4.81) 7.66 11.68 
Distributions from net investment income (.26) (1.27) (1.17) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27)C (1.78) (1.57)D (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –E –E –E –E 
Net asset value, end of period $84.00 $77.42 $68.19 $55.31 $61.58 $54.90 
Total ReturnF,G 8.89% 16.25% 26.32% (7.91)% 14.04% 26.67% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .02%J .02% .02% .05% .04% .06% 
Expenses net of fee waivers, if any .02%J .02% .02% .04% .04% .05% 
Expenses net of all reductions .02%J .02% .02% .04% .04% .05% 
Net investment income (loss) 1.85%J 1.86% 2.02% 1.97% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $8,884,841 $6,114,864 $4,684,669 $800,304 $1,022,585 $740,877 
Portfolio turnover rateK 5%J 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.27 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.016 per share.

 D Total distributions of $1.57 per share is comprised of distributions from net investment income of $1.173 and distributions from net realized gain of $.393 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity Total Market Index Fund Class F

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $77.45 $68.21 $55.32 $61.59 $54.92 $44.06 
Income from Investment Operations       
Net investment income (loss)B .73 1.36 1.26 1.17 1.14 .95 
Net realized and unrealized gain (loss) 6.11 9.66 13.20 (5.98) 6.51 10.74 
Total from investment operations 6.84 11.02 14.46 (4.81) 7.65 11.69 
Distributions from net investment income (.26) (1.27) (1.17) (1.15) (.98) (.83) 
Distributions from net realized gain (.02) (.51) (.39) (.31) – – 
Total distributions (.27)C (1.78) (1.57)D (1.46) (.98) (.83) 
Redemption fees added to paid in capitalB – – –E –E –E –E 
Net asset value, end of period $84.02 $77.45 $68.21 $55.32 $61.59 $54.92 
Total ReturnF,G 8.87% 16.26% 26.33% (7.91)% 14.01% 26.69% 
Ratios to Average Net AssetsH,I       
Expenses before reductions .02%J .02% .02% .04% .04% .05% 
Expenses net of fee waivers, if any .02%J .02% .02% .04% .04% .05% 
Expenses net of all reductions .02%J .02% .02% .04% .04% .05% 
Net investment income (loss) 1.85%J 1.86% 2.02% 1.97% 1.97% 1.90% 
Supplemental Data       
Net assets, end of period (000 omitted) $14,336,122 $12,479,597 $9,035,061 $6,659,560 $6,368,808 $5,088,489 
Portfolio turnover rateK 5%J 2% 4% 3% 2% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $.27 per share is comprised of distributions from net investment income of $.257 and distributions from net realized gain of $.016 per share.

 D Total distributions of $1.57 per share is comprised of distributions from net investment income of $1.173 and distributions from net realized gain of $.393 per share.

 E Amount represents less than $.005 per share.

 F Total returns for periods of less than one year are not annualized.

 G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 H Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 J Annualized

 K Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

See accompanying notes which are an integral part of the financial statements.


Fidelity® Extended Market Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Tesla, Inc. 0.8 
ServiceNow, Inc. 0.7 
Worldpay, Inc. 0.6 
Square, Inc. 0.5 
Las Vegas Sands Corp. 0.5 
Workday, Inc. Class A 0.4 
Palo Alto Networks, Inc. 0.4 
T-Mobile U.S., Inc. 0.4 
Dell Technologies, Inc. 0.4 
Splunk, Inc. 0.4 
 5.1 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 19.8 
Financials 16.3 
Consumer Discretionary 14.1 
Industrials 13.5 
Health Care 12.7 
Real Estate 8.0 
Materials 5.0 
Energy 4.3 
Consumer Staples 2.8 
Utilities 2.5 

Fidelity® Extended Market Index Fund

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.9%   
 Shares Value 
CONSUMER DISCRETIONARY - 14.1%   
Auto Components - 1.2%   
Adient PLC (a) 415,157 $17,972,147 
American Axle & Manufacturing Holdings, Inc. (a)(b) 446,529 7,908,029 
Autoliv, Inc. (a) 389,696 34,718,017 
CDTi Advanced Materials, Inc. (a)(b) 23,121 8,786 
Cooper Tire & Rubber Co. 226,038 6,521,196 
Cooper-Standard Holding, Inc. (b) 73,338 10,152,179 
Dana Holding Corp. 655,624 12,830,562 
Delphi Technologies PLC 395,514 13,933,958 
Dorman Products, Inc. (a)(b) 134,628 10,902,175 
Fox Factory Holding Corp. (b) 169,599 11,202,014 
Gentex Corp. 1,224,509 28,629,020 
Gentherm, Inc. (a)(b) 166,226 8,178,319 
Hertz Global Holdings, Inc. (a)(b) 373,428 6,576,067 
Horizon Global Corp. (a)(b) 104,364 809,865 
LCI Industries 113,240 10,525,658 
Lear Corp. 294,282 47,732,540 
Modine Manufacturing Co. (b) 227,805 3,838,514 
Motorcar Parts of America, Inc. (a)(b) 88,120 2,338,705 
Shiloh Industries, Inc. (b) 59,119 530,889 
Standard Motor Products, Inc. 95,988 4,873,311 
Stoneridge, Inc. (b) 121,984 3,650,981 
Strattec Security Corp. 16,077 551,441 
Superior Industries International, Inc. 101,962 2,212,575 
Sypris Solutions, Inc. (b) 33,367 53,387 
Tenneco, Inc. 229,232 9,808,837 
Tower International, Inc. 96,360 3,256,968 
Unique Fabricating, Inc. (a) 9,426 75,408 
UQM Technologies, Inc. (a)(b) 135,330 162,396 
Veoneer, Inc. (a)(b) 390,087 19,480,945 
Visteon Corp. (a)(b) 131,112 14,473,454 
VOXX International Corp. (b) 81,933 442,438 
Workhorse Group, Inc. (a)(b) 96,155 98,078 
  294,448,859 
Automobiles - 0.9%   
REV Group, Inc. (a) 127,715 2,172,432 
Tesla, Inc. (a)(b) 600,021 181,002,265 
Thor Industries, Inc. 220,657 21,059,504 
Winnebago Industries, Inc. 130,656 4,827,739 
  209,061,940 
Distributors - 0.2%   
Core-Mark Holding Co., Inc. 210,476 7,528,727 
Educational Development Corp. 32,392 388,704 
Pool Corp. 182,120 29,915,031 
Weyco Group, Inc. 33,001 1,170,545 
  39,003,007 
Diversified Consumer Services - 0.9%   
Adtalem Global Education, Inc. (b) 269,943 12,916,773 
American Public Education, Inc. (b) 73,999 2,571,465 
Ascent Capital Group, Inc. (b) 46,583 95,495 
Aspen Group, Inc. (b) 4,559 35,013 
Bridgepoint Education, Inc. (b) 125,853 1,480,031 
Bright Horizons Family Solutions, Inc. (b) 262,457 31,345,240 
Cambium Learning Group, Inc. (b) 62,373 834,551 
Career Education Corp. (b) 294,392 4,695,552 
Carriage Services, Inc. 68,174 1,552,322 
Chegg, Inc. (a)(b) 373,057 12,079,586 
Collectors Universe, Inc. 36,664 547,394 
Graham Holdings Co. 20,070 11,292,386 
Grand Canyon Education, Inc. (b) 212,371 25,301,881 
Houghton Mifflin Harcourt Co. (b) 454,966 2,934,531 
K12, Inc. (b) 174,512 2,889,919 
Laureate Education, Inc. Class A (b) 239,109 3,818,571 
Lincoln Educational Services Corp. (b) 82,611 181,744 
National American University Holdings, Inc. 22,806 20,069 
Regis Corp. (a)(b) 157,058 3,359,471 
Service Corp. International 816,351 34,254,088 
ServiceMaster Global Holdings, Inc. (b) 607,007 36,584,312 
Sotheby's Class A (Ltd. vtg.) (a)(b) 164,729 7,910,287 
Strategic Education, Inc. 93,644 12,994,978 
Universal Technical Institute, Inc. (b) 85,915 233,689 
Weight Watchers International, Inc. (a)(b) 164,897 12,350,785 
Xpresspa Group, Inc. (a)(b) 92,290 15,929 
  222,296,062 
Hotels, Restaurants & Leisure - 3.3%   
ARAMARK Holdings Corp. 1,097,334 45,078,481 
Ark Restaurants Corp. 8,300 185,090 
Belmond Ltd. Class A (b) 377,445 6,322,204 
BFC Financial Corp. Class A 322,999 2,399,883 
Biglari Holdings, Inc. (b) 449 430,196 
Biglari Holdings, Inc. (a)(b) 4,931 974,119 
BJ's Restaurants, Inc. 79,787 6,039,876 
Bloomin' Brands, Inc. 408,528 7,884,590 
Bojangles', Inc. (a)(b) 81,225 1,185,885 
Boyd Gaming Corp. 365,028 13,294,320 
Brinker International, Inc. 194,122 8,595,722 
Caesars Entertainment Corp. (a)(b) 619,589 6,319,808 
Carrols Restaurant Group, Inc. (b) 164,134 2,593,317 
Century Casinos, Inc. (b) 117,212 937,696 
Chanticleer Holdings, Inc. (a)(b) 9,043 23,060 
Choice Hotels International, Inc. 161,267 12,586,889 
Churchill Downs, Inc. 50,810 14,358,906 
Chuy's Holdings, Inc. (a)(b) 80,703 2,336,352 
Cracker Barrel Old Country Store, Inc. (a) 107,050 15,960,085 
Dave & Buster's Entertainment, Inc. (a)(b) 178,667 10,393,059 
Del Frisco's Restaurant Group, Inc. (b) 141,158 1,333,943 
Del Taco Restaurants, Inc. (b) 165,354 2,138,027 
Denny's Corp. (b) 300,088 4,522,326 
Dine Brands Global, Inc. (a) 81,512 6,799,731 
Diversified Restaurant Holdings, Inc. (b) 53,847 64,078 
Domino's Pizza, Inc. 188,801 56,368,427 
Dover Downs Gaming & Entertainment, Inc. (a)(b) 99,329 317,853 
Dover Motorsports, Inc. 22,265 45,643 
Drive Shack, Inc. (a)(b) 273,459 1,695,446 
Dunkin' Brands Group, Inc. (a) 366,649 26,725,046 
El Pollo Loco Holdings, Inc. (a)(b) 95,555 1,137,105 
Eldorado Resorts, Inc. (a)(b) 270,640 13,004,252 
Empire Resorts, Inc. (b) 9,190 114,416 
Extended Stay America, Inc. unit 858,074 17,315,933 
Famous Dave's of America, Inc. (a)(b) 20,722 137,801 
Fiesta Restaurant Group, Inc. (a)(b) 124,405 3,576,644 
Flanigans Enterprises, Inc. 1,099 30,663 
Full House Resorts, Inc. (b) 33,775 103,014 
Gaming Partners International Corp. 1,555 13,529 
Golden Entertainment, Inc. (a)(b) 76,111 2,207,980 
Good Times Restaurants, Inc. (a)(b) 40,245 197,201 
Habit Restaurants, Inc. Class A (a)(b) 104,122 1,723,219 
Hilton Grand Vacations, Inc. (b) 429,083 14,013,851 
Hyatt Hotels Corp. Class A 205,010 15,859,574 
ILG, Inc. 468,826 16,001,031 
Inspired Entertainment, Inc. (a)(b) 65,633 465,994 
International Speedway Corp. Class A 109,682 4,842,460 
J. Alexanders Holdings, Inc. (b) 57,936 718,406 
Jack in the Box, Inc. 125,955 11,416,561 
Jamba, Inc. (a)(b) 72,308 938,558 
Kona Grill, Inc. (a)(b) 42,354 108,003 
Las Vegas Sands Corp. 1,620,450 106,009,839 
Lindblad Expeditions Holdings (b) 124,865 1,896,699 
Luby's, Inc. (b) 53,936 108,951 
Marriott Vacations Worldwide Corp. (a) 106,632 12,689,208 
Monarch Casino & Resort, Inc. (b) 51,970 2,445,189 
Nathan's Famous, Inc. 14,061 1,247,211 
Noodles & Co. (a)(b) 179,808 2,211,638 
Papa John's International, Inc. (a) 104,923 4,839,049 
Papa Murphy's Holdings, Inc. (a)(b) 42,478 235,753 
Peak Resorts, Inc. 18,552 94,615 
Penn National Gaming, Inc. (a)(b) 374,892 12,918,778 
Pinnacle Entertainment, Inc. (b) 245,051 8,390,546 
Planet Fitness, Inc. (b) 391,065 20,089,009 
Playa Hotels & Resorts NV (b) 307,268 3,174,078 
PlayAGS, Inc. (a)(b) 100,762 3,228,414 
Potbelly Corp. (a)(b) 109,327 1,481,381 
Rave Restaurant Group, Inc. (a)(b) 27,004 34,835 
RCI Hospitality Holdings, Inc. 40,076 1,299,665 
Red Lion Hotels Corp. (b) 142,774 1,948,865 
Red Robin Gourmet Burgers, Inc. (a)(b) 58,123 2,400,480 
Red Rock Resorts, Inc. 313,105 10,219,747 
Ruth's Hospitality Group, Inc. 138,050 4,251,940 
Scientific Games Corp. Class A (a)(b) 240,593 7,289,968 
SeaWorld Entertainment, Inc. (a)(b) 301,930 8,852,588 
Shake Shack, Inc. Class A (a)(b) 91,352 5,522,228 
Six Flags Entertainment Corp. (a) 343,574 23,208,424 
Sonic Corp. (a) 167,298 5,999,306 
Speedway Motorsports, Inc. 52,361 936,738 
Texas Roadhouse, Inc. Class A 291,972 20,131,469 
The Cheesecake Factory, Inc. (a) 191,688 10,192,051 
The ONE Group Hospitality, Inc. (b) 64 202 
Town Sports International Holdings, Inc. (a)(b) 117,611 1,076,141 
U.S. Foods Holding Corp. (b) 610,625 19,900,269 
Vail Resorts, Inc. 180,033 53,658,836 
Wendy's Co. 793,027 13,996,927 
Wingstop, Inc. 134,876 9,029,948 
Wyndham Destinations, Inc. 438,771 19,393,678 
Wyndham Hotels & Resorts, Inc. 448,589 25,457,426 
Zoe's Kitchen, Inc. (a)(b) 84,372 1,155,896 
  788,854,238 
Household Durables - 1.0%   
AV Homes, Inc. (a)(b) 48,545 1,041,290 
Bassett Furniture Industries, Inc. 44,549 1,040,219 
Beazer Homes U.S.A., Inc. (b) 161,535 2,069,263 
Cavco Industries, Inc. (b) 38,753 9,509,986 
Century Communities, Inc. (b) 107,446 3,142,796 
Comstock Holding Companies, Inc. (a)(b) 5,255 14,714 
CSS Industries, Inc. 38,366 532,520 
Dixie Group, Inc. (b) 52,063 88,507 
Emerson Radio Corp. (b) 23,944 34,958 
Ethan Allen Interiors, Inc. 120,058 2,671,291 
Flexsteel Industries, Inc. 27,568 983,626 
GoPro, Inc. Class A (a)(b) 488,399 3,130,638 
Green Brick Partners, Inc. (b) 126,138 1,318,142 
Hamilton Beach Brands Holding Co. Class A 31,310 724,827 
Helen of Troy Ltd. (b) 118,161 14,055,251 
Hooker Furniture Corp. 53,135 2,234,327 
Hovnanian Enterprises, Inc. Class A (a)(b) 570,695 890,284 
Installed Building Products, Inc. (a)(b) 93,224 4,339,577 
iRobot Corp. (a)(b) 123,457 14,012,370 
KB Home 384,332 9,550,650 
Koss Corp. (b) 1,363 4,961 
La-Z-Boy, Inc. 210,116 6,986,357 
LGI Homes, Inc. (a)(b) 82,020 4,724,352 
Libbey, Inc. 99,416 977,259 
Lifetime Brands, Inc. 49,035 571,258 
Live Ventures, Inc. (a)(b) 13,437 139,207 
M.D.C. Holdings, Inc. 197,575 6,263,128 
M/I Homes, Inc. (b) 126,733 3,283,652 
Meritage Homes Corp. (b) 168,966 7,290,883 
New Home Co. LLC (a)(b) 56,015 491,812 
Nova LifeStyle, Inc. (a)(b) 94,559 168,315 
NVR, Inc. (b) 15,014 40,064,108 
Roku, Inc. Class A (a) 197,461 11,746,955 
Skyline Champion Corp. (a) 37,140 1,073,717 
Taylor Morrison Home Corp. (b) 490,101 9,537,365 
Tempur Sealy International, Inc. (a)(b) 205,288 11,370,902 
Toll Brothers, Inc. 620,900 22,495,207 
TopBuild Corp. (b) 158,127 9,848,150 
TRI Pointe Homes, Inc. (a)(b) 696,854 10,097,414 
Tupperware Brands Corp. 232,323 7,555,144 
Turtle Beach Corp. (a)(b) 30,978 709,706 
Universal Electronics, Inc. (b) 64,631 2,792,059 
Vuzix Corp. (a)(b) 105,859 688,084 
William Lyon Homes, Inc. (b) 130,949 2,562,672 
Zagg, Inc. (b) 126,039 2,041,832 
  234,869,735 
Internet & Direct Marketing Retail - 0.5%   
1-800-FLOWERS.com, Inc. Class A (b) 149,584 1,802,487 
Blue Apron Holdings, Inc. Class A (a)(b) 167,209 337,762 
CafePress, Inc. (b) 18,525 23,527 
Duluth Holdings, Inc. (a)(b) 50,523 1,462,136 
EVINE Live, Inc. (b) 202,505 259,206 
FTD Companies, Inc. (b) 72,589 259,869 
Gaia, Inc. Class A (b) 63,495 1,111,163 
Groupon, Inc. (a)(b) 1,799,969 7,685,868 
Lands' End, Inc. (a)(b) 79,744 2,049,421 
Liberty Expedia Holdings, Inc. (b) 243,141 11,220,957 
Liberty Interactive Corp. QVC Group Series A (b) 1,997,862 41,535,551 
Liberty TripAdvisor Holdings, Inc. (a)(b) 321,787 5,100,324 
NutriSystem, Inc. (a) 131,713 4,873,381 
Overstock.com, Inc. (a)(b) 91,080 2,659,536 
PetMed Express, Inc. (a) 90,589 3,323,710 
Shutterfly, Inc. (a)(b) 146,417 11,373,673 
U.S. Auto Parts Network, Inc. (b) 61,593 89,926 
Wayfair LLC Class A (a)(b) 193,361 26,136,606 
  121,305,103 
Leisure Products - 0.4%   
American Outdoor Brands Corp. (a)(b) 234,376 3,288,295 
Brunswick Corp. 392,116 26,044,345 
Callaway Golf Co. 434,031 9,900,247 
Clarus Corp. 96,677 1,000,607 
Escalade, Inc. 32,990 438,767 
JAKKS Pacific, Inc. (a)(b) 84,913 216,528 
Johnson Outdoors, Inc. Class A 26,035 2,636,825 
Malibu Boats, Inc. Class A (b) 91,698 4,420,761 
Marine Products Corp. 24,746 486,011 
MCBC Holdings, Inc. (b) 80,733 2,225,809 
Nautilus, Inc. (b) 139,378 2,041,888 
Polaris Industries, Inc. 261,830 28,395,464 
Sturm, Ruger & Co., Inc. (a) 79,114 5,178,011 
Summer Infant, Inc. (b) 36,722 70,506 
Vista Outdoor, Inc. (a)(b) 255,466 4,718,457 
  91,062,521 
Media - 2.6%   
A.H. Belo Corp. Class A 69,528 305,923 
Alliance MMA, Inc. (a)(b) 30,530 9,159 
Altice U.S.A., Inc. Class A 533,044 9,552,148 
AMC Entertainment Holdings, Inc. Class A 228,936 4,361,231 
AMC Networks, Inc. Class A (a)(b) 204,624 12,852,433 
Ballantyne of Omaha, Inc. (b) 46,879 203,924 
Beasley Broadcast Group, Inc. Class A 15,847 119,645 
Cable One, Inc. (a) 20,703 17,343,731 
Central European Media Enterprises Ltd. Class A (a)(b) 429,345 1,631,511 
Cinedigm Corp. (a)(b) 23,291 29,114 
Cinemark Holdings, Inc. 473,165 17,658,518 
Clear Channel Outdoor Holding, Inc. Class A 150,322 683,965 
Daily Journal Corp. (a)(b) 4,233 1,009,359 
E.W. Scripps Co. Class A 255,555 3,748,992 
Emmis Communications Corp. Class A (b) 24,302 123,454 
Entercom Communications Corp. Class A (a) 620,104 4,867,816 
Entravision Communication Corp. Class A 275,793 1,447,913 
Fluent, Inc. (a)(b) 178,990 429,576 
Gannett Co., Inc. 504,935 5,190,732 
GCI Liberty, Inc. (b) 452,051 22,186,663 
Global Eagle Entertainment, Inc. (a)(b) 266,502 708,895 
Gray Television, Inc. (b) 346,794 6,051,555 
Harte-Hanks, Inc. (b) 20,159 173,166 
Hemisphere Media Group, Inc. (b) 92,913 1,272,908 
Insignia Systems, Inc. (b) 22,471 48,987 
John Wiley & Sons, Inc. Class A 208,990 13,490,305 
Lee Enterprises, Inc. (a)(b) 220,079 627,225 
Liberty Broadband Corp.:   
Class A (a)(b) 155,935 12,630,735 
Class C (b) 639,047 51,820,321 
Liberty Global PLC:   
Class A (b) 968,528 25,966,236 
Class C (a)(b) 2,677,538 69,321,459 
Liberty Latin America Ltd. (a)(b) 539,966 10,599,533 
Liberty Latin America Ltd. Class A (a)(b) 192,335 3,790,923 
Liberty Media Corp.:   
Liberty Braves Class A (b) 50,029 1,334,774 
Liberty Braves Class C (a)(b) 148,739 3,951,995 
Liberty Formula One Group Series C (b) 885,276 32,719,801 
Liberty Media Class A (a)(b) 133,732 4,677,945 
Liberty SiriusXM Series A (b) 436,353 20,395,139 
Liberty SiriusXM Series C (b) 684,888 32,217,132 
Lions Gate Entertainment Corp.:   
Class A (a) 266,609 6,270,644 
Class B (a) 524,665 11,778,729 
Live Nation Entertainment, Inc. (a)(b) 610,005 30,305,048 
LiveXLive Media, Inc. (a)(b) 104,452 529,572 
Loral Space & Communications Ltd. (a)(b) 54,083 2,398,581 
Marcus Corp. 88,925 3,610,355 
Meredith Corp. 177,041 9,144,168 
MSG Network, Inc. Class A (a)(b) 281,615 6,843,245 
National CineMedia, Inc. 271,241 2,468,293 
New Media Investment Group, Inc. 282,428 4,490,605 
Nexstar Broadcasting Group, Inc. Class A (a) 201,548 16,526,936 
NTN Communications, Inc. (a)(b) 20,786 103,564 
Reading International, Inc. Class A (b) 94,967 1,528,969 
RLJ Entertainment, Inc. (b) 84,322 527,013 
Saga Communications, Inc. Class A 17,067 648,546 
Salem Communications Corp. Class A 38,194 147,047 
Scholastic Corp. 121,503 5,107,986 
Sinclair Broadcast Group, Inc. Class A 338,987 9,813,674 
Sirius XM Holdings, Inc. (a) 6,382,464 45,315,494 
Social Reality, Inc. (a)(b) 34,667 150,455 
SPAR Group, Inc. (a)(b) 143,038 145,899 
Tegna, Inc. 974,297 11,340,817 
The Madison Square Garden Co. (b) 73,987 22,339,635 
The McClatchy Co. Class A (a)(b) 20,452 184,068 
The New York Times Co. Class A (a) 574,286 13,380,864 
Townsquare Media, Inc. 39,720 354,700 
Tribune Media Co. Class A 317,294 11,704,976 
tronc, Inc. (b) 114,154 1,883,541 
Urban One, Inc. Class D (non-vtg.) (b) 112,382 247,240 
World Wrestling Entertainment, Inc. Class A (a) 177,463 15,512,041 
  630,357,546 
Multiline Retail - 0.2%   
Big Lots, Inc. (a) 188,705 8,123,750 
Dillard's, Inc. Class A (a) 88,484 6,953,073 
Fred's, Inc. Class A (a) 145,522 248,843 
JC Penney Corp., Inc. (a)(b) 1,391,260 2,462,530 
Ollie's Bargain Outlet Holdings, Inc. (a)(b) 220,892 19,239,693 
Sears Holdings Corp. (a)(b) 137,613 184,401 
Tuesday Morning Corp. (a)(b) 191,458 583,947 
  37,796,237 
Specialty Retail - 1.9%   
Aaron's, Inc. Class A 277,390 13,791,831 
Abercrombie & Fitch Co. Class A 305,387 6,617,736 
America's Car Mart, Inc. (b) 32,267 2,692,681 
American Eagle Outfitters, Inc. 748,803 19,438,926 
Appliance Recycling Centers of America, Inc. (b) 2,912 3,116 
Armstrong Flooring, Inc. (b) 107,523 1,882,728 
Asbury Automotive Group, Inc. (b) 79,754 5,941,673 
Ascena Retail Group, Inc. (a)(b) 760,695 3,483,983 
At Home Group, Inc. (a)(b) 114,088 3,925,768 
AutoNation, Inc. (a)(b) 260,707 11,823,062 
Barnes & Noble Education, Inc. (b) 167,418 1,001,160 
Barnes & Noble, Inc. (a) 282,172 1,481,403 
Bed Bath & Beyond, Inc. 623,918 11,193,089 
Big 5 Sporting Goods Corp. (a) 96,400 549,480 
Blink Charging Co. (a) 48,416 154,447 
Boot Barn Holdings, Inc. (a)(b) 120,662 3,611,414 
Build-A-Bear Workshop, Inc. (b) 60,976 560,979 
Burlington Stores, Inc. (b) 301,209 50,657,330 
Caleres, Inc. 201,174 8,143,524 
Camping World Holdings, Inc. (a) 137,047 2,838,243 
Cars.com, Inc. (a)(b) 323,274 8,699,303 
Chico's FAS, Inc. 569,523 5,194,050 
Christopher & Banks Corp. (a)(b) 139,716 136,922 
Citi Trends, Inc. 68,267 2,112,181 
Conn's, Inc. (a)(b) 121,175 4,968,175 
Destination Maternity Corp. (a)(b) 70,933 356,084 
Destination XL Group, Inc. (a)(b) 161,954 445,374 
DGSE Companies, Inc. (a)(b) 6,800 4,552 
Dick's Sporting Goods, Inc. (a) 344,167 12,885,612 
DSW, Inc. Class A (a) 318,244 10,584,795 
Express, Inc. (a)(b) 350,263 3,929,951 
Five Below, Inc. (a)(b) 247,751 28,855,559 
Floor & Decor Holdings, Inc. Class A (a)(b) 200,563 7,372,696 
Francesca's Holdings Corp. (a)(b) 161,057 1,011,438 
GameStop Corp. Class A (a) 446,525 5,925,387 
Genesco, Inc. (a)(b) 87,079 4,427,967 
GNC Holdings, Inc. Class A (a)(b) 305,807 948,002 
Group 1 Automotive, Inc. 90,525 6,978,572 
Guess?, Inc. 267,769 6,560,341 
Haverty Furniture Companies, Inc. 83,237 1,839,538 
Hibbett Sports, Inc. (a)(b) 85,321 1,753,347 
InfoSonics Corp. (b) 1,646 6,090 
Kirkland's, Inc. (a)(b) 63,574 577,888 
Lithia Motors, Inc. Class A (sub. vtg.) (a) 107,785 9,312,624 
Lumber Liquidators Holdings, Inc. (a)(b) 123,416 2,151,141 
MarineMax, Inc. (b) 98,126 2,207,835 
Michaels Companies, Inc. (a)(b) 488,557 8,300,583 
Monro, Inc. (a) 147,644 10,475,342 
Murphy U.S.A., Inc. (a)(b) 136,733 11,346,104 
New York & Co., Inc. (a)(b) 121,608 553,316 
Office Depot, Inc. 2,271,839 7,610,661 
Party City Holdco, Inc. (a)(b) 120,567 1,850,703 
Penske Automotive Group, Inc. (a) 160,272 8,435,115 
Pier 1 Imports, Inc. (a) 329,915 607,044 
Rent-A-Center, Inc. (a)(b) 242,006 3,567,168 
RH (a)(b) 85,455 13,587,345 
Sally Beauty Holdings, Inc. (a)(b) 544,765 8,389,381 
Sears Hometown & Outlet Stores, Inc. (a)(b) 47,413 142,239 
Shoe Carnival, Inc. 48,930 2,175,428 
Signet Jewelers Ltd. (a) 263,848 16,939,042 
Sleep Number Corp. (a)(b) 167,458 5,643,335 
Sonic Automotive, Inc. Class A (sub. vtg.) 106,428 2,288,202 
Sportsman's Warehouse Holdings, Inc. (a)(b) 164,128 937,171 
Stage Stores, Inc. (a) 125,887 264,363 
Stein Mart, Inc. (a)(b) 118,280 275,592 
Tailored Brands, Inc. (a) 217,999 5,131,696 
Tandy Leather Factory, Inc. (b) 3,017 22,778 
The Buckle, Inc. (a) 131,998 3,398,949 
The Cato Corp. Class A (sub. vtg.) 109,621 2,351,370 
The Children's Place Retail Stores, Inc. 73,993 10,414,515 
The Container Store Group, Inc. (b) 73,884 834,889 
Tile Shop Holdings, Inc. 171,080 1,308,762 
Tilly's, Inc. 62,718 1,475,127 
Trans World Entertainment Corp. (b) 28,580 26,582 
Urban Outfitters, Inc. (b) 353,862 16,447,506 
Vitamin Shoppe, Inc. (a)(b) 108,281 1,385,997 
Williams-Sonoma, Inc. (a) 344,633 24,203,576 
Winmark Corp. 8,866 1,322,807 
Zumiez, Inc. (b) 82,415 2,567,227 
  453,317,912 
Textiles, Apparel & Luxury Goods - 1.0%   
Carbon Black, Inc. (a) 40,598 1,028,347 
Carter's, Inc. 209,977 22,242,864 
Charles & Colvard Ltd. (a)(b) 44,254 45,582 
Cherokee, Inc. (a)(b) 50,362 43,311 
Columbia Sportswear Co. 140,596 12,752,057 
Crocs, Inc. (a)(b) 310,259 6,409,951 
Crown Crafts, Inc. 2,186 12,788 
Culp, Inc. 43,649 1,106,502 
Deckers Outdoor Corp. (b) 136,070 16,578,769 
Delta Apparel, Inc. (b) 25,017 464,065 
Differential Brands Group, Inc. (a)(b) 60,189 290,111 
Emerald Expositions Events, Inc. 111,911 1,748,050 
Forward Industries, Inc. (NY Shares) (a)(b) 18,474 28,450 
Fossil Group, Inc. (a)(b) 195,270 4,426,771 
G-III Apparel Group Ltd. (a)(b) 188,127 8,556,016 
Goosehead Insurance (a) 44,880 1,392,178 
Iconix Brand Group, Inc. (a)(b) 269,342 94,270 
J.Jill, Inc. (a)(b) 69,488 419,708 
Lakeland Industries, Inc. (b) 24,080 317,856 
lululemon athletica, Inc. (b) 426,554 66,086,011 
Movado Group, Inc. 70,492 3,002,959 
Naked Brand Group, Inc. (a)(b) 6,834 27,883 
Newmark Group, Inc. 559,816 7,193,636 
Oxford Industries, Inc. 76,738 7,143,540 
Perry Ellis International, Inc. (b) 59,963 1,650,781 
PetIQ, Inc. Class A (a)(b) 29,036 1,137,050 
Rocky Brands, Inc. 31,092 937,424 
Sequential Brands Group, Inc. (a)(b) 181,557 326,803 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(b) 610,234 17,989,698 
Steven Madden Ltd. 237,240 13,795,506 
Stitch Fix, Inc. (a)(b) 64,803 2,629,706 
Superior Group of Companies, Inc. 29,984 568,197 
Switch, Inc. Class A (a) 171,537 1,982,968 
TPG RE Finance Trust, Inc. 197,654 4,081,555 
Unifi, Inc. (b) 78,142 2,485,697 
Vera Bradley, Inc. (b) 94,414 1,384,109 
Vince Holding Corp. (a)(b) 13,170 277,755 
Wolverine World Wide, Inc. 426,756 16,720,300 
  227,379,224 
TOTAL CONSUMER DISCRETIONARY  3,349,752,384 
CONSUMER STAPLES - 2.8%   
Beverages - 0.2%   
Boston Beer Co., Inc. Class A (b) 39,145 11,866,807 
Castle Brands, Inc. (a)(b) 349,780 402,247 
Celsius Holdings, Inc. (a)(b) 62,275 284,597 
Coca-Cola Bottling Co. Consolidated 21,283 3,608,745 
Craft Brew Alliance, Inc. (b) 47,928 908,236 
Keurig Dr. Pepper, Inc. 800,642 18,254,638 
MGP Ingredients, Inc. (a) 56,066 4,323,249 
National Beverage Corp. (a) 52,602 6,198,620 
New Age Beverages Corp. (a)(b) 90,017 133,225 
Primo Water Corp. (b) 153,485 3,069,700 
REED'S, Inc. (a)(b) 70,567 232,871 
  49,282,935 
Food & Staples Retailing - 0.5%   
Andersons, Inc. 119,001 4,861,191 
Casey's General Stores, Inc. (a) 168,046 19,185,812 
Chefs' Warehouse Holdings (a)(b) 95,703 2,813,668 
Ingles Markets, Inc. Class A 61,881 2,224,622 
Natural Grocers by Vitamin Cottage, Inc. (a)(b) 42,028 815,763 
Performance Food Group Co. (b) 382,166 12,649,695 
PriceSmart, Inc. (a) 102,329 8,887,274 
Rite Aid Corp. (a)(b) 4,796,382 6,571,043 
Smart & Final Stores, Inc. (a)(b) 129,757 908,299 
SpartanNash Co. 163,229 3,484,939 
Sprouts Farmers Market LLC (b) 554,974 14,690,162 
SUPERVALU, Inc. (b) 175,843 5,677,970 
United Natural Foods, Inc. (a)(b) 221,922 7,880,450 
Village Super Market, Inc. Class A 35,891 1,047,299 
Weis Markets, Inc. 74,984 3,493,505 
Welbilt, Inc. (a)(b) 624,906 13,829,170 
  109,020,862 
Food Products - 1.4%   
Alico, Inc. 12,431 401,521 
Arcadia Biosciences, Inc. (b) 2,224 15,234 
B&G Foods, Inc. Class A (a) 295,011 9,425,601 
Bunge Ltd. 629,194 40,885,026 
Cal-Maine Foods, Inc. 132,202 6,537,389 
Calavo Growers, Inc. (a) 70,040 7,413,734 
Coffee Holding Co., Inc. (b) 18,589 94,990 
Darling International, Inc. (b) 744,036 14,717,032 
Dean Foods Co. (a) 403,110 3,071,698 
Farmer Brothers Co. (a)(b) 50,454 1,463,166 
Flowers Foods, Inc. 837,902 16,883,725 
Fresh Del Monte Produce, Inc. 150,807 5,646,214 
Freshpet, Inc. (a)(b) 111,119 4,128,071 
Hostess Brands, Inc. Class A (a)(b) 352,939 4,150,563 
Ingredion, Inc. 323,089 32,654,605 
J&J Snack Foods Corp. 66,998 9,748,209 
John B. Sanfilippo & Son, Inc. 40,025 2,924,627 
Lamb Weston Holdings, Inc. 650,730 43,989,348 
Lancaster Colony Corp. 90,080 14,076,802 
Landec Corp. (b) 118,257 1,590,557 
Lifeway Foods, Inc. (b) 26,937 96,973 
Limoneira Co. 63,181 1,949,134 
nLIGHT, Inc. (b) 27,693 853,221 
Pilgrim's Pride Corp. (a)(b) 240,755 4,451,560 
Pinnacle Foods, Inc. 522,687 34,716,871 
Post Holdings, Inc. (a)(b) 298,955 29,076,363 
RiceBran Technologies (a)(b) 31,606 103,036 
Rocky Mountain Chocolate Factory, Inc. 2,945 30,039 
S&W Seed Co. (a)(b) 43,975 140,720 
Sanderson Farms, Inc. (a) 90,912 9,614,853 
Seaboard Corp. 1,246 4,591,236 
Seneca Foods Corp. Class A (b) 29,562 954,853 
The Hain Celestial Group, Inc. (a)(b) 465,870 13,305,247 
The Simply Good Foods Co. (a)(b) 239,761 4,315,698 
Tootsie Roll Industries, Inc. (a) 90,278 2,600,006 
TreeHouse Foods, Inc. (a)(b) 253,310 13,197,451 
  339,815,373 
Household Products - 0.2%   
Central Garden & Pet Co. Class A (non-vtg.) (b) 231,435 8,408,034 
Energizer Holdings, Inc. 265,351 16,873,670 
Funko, Inc. (a)(b) 53,219 1,352,827 
Ocean Bio-Chem, Inc. 25,804 106,571 
Oil-Dri Corp. of America 22,258 904,788 
Orchids Paper Products Co. (a)(b) 39,941 146,583 
Spectrum Brands Holdings, Inc. (a) 212,444 18,450,761 
WD-40 Co. (a) 61,978 10,997,996 
  57,241,230 
Personal Products - 0.4%   
Avon Products, Inc. (a)(b) 1,977,598 3,955,196 
CCA Industries, Inc. (b) 3,026 8,624 
Cyanotech Corp. (b) 3,737 13,453 
Edgewell Personal Care Co. (a)(b) 240,900 13,603,623 
elf Beauty, Inc. (a)(b) 100,515 1,396,153 
Herbalife Nutrition Ltd. (b) 514,818 29,133,551 
Inter Parfums, Inc. 78,674 5,137,412 
LifeVantage Corp. (a)(b) 57,355 720,379 
Mannatech, Inc. 4,435 83,600 
MediFast, Inc. 47,085 10,770,694 
MYOS Corp. (a)(b) 833 1,100 
Natural Alternatives International, Inc. (b) 19,731 187,445 
Natural Health Trends Corp. (a) 30,320 802,570 
Nature's Sunshine Products, Inc. (b) 31,350 282,150 
Nu Skin Enterprises, Inc. Class A 248,893 19,811,883 
Reliv International, Inc. (b) 1,499 7,345 
Revlon, Inc. (a)(b) 47,986 1,043,696 
United-Guardian, Inc. 5,904 108,338 
USANA Health Sciences, Inc. (b) 52,016 6,863,511 
Veru, Inc. (a)(b) 71,284 141,855 
  94,072,578 
Tobacco - 0.1%   
22nd Century Group, Inc. (a)(b) 460,359 1,247,573 
Alliance One International, Inc. (a)(b) 38,644 683,999 
Turning Point Brands, Inc. (a) 33,366 1,123,100 
Universal Corp. 113,060 6,760,988 
Vector Group Ltd. (a) 473,473 7,353,036 
  17,168,696 
TOTAL CONSUMER STAPLES  666,601,674 
ENERGY - 4.3%   
Energy Equipment & Services - 1.1%   
ACM Research, Inc. (a)(b) 36,968 521,618 
Archrock, Inc. 593,191 7,503,866 
Aspen Aerogels, Inc. (b) 83,435 403,825 
Basic Energy Services, Inc. (b) 98,791 875,288 
Bristow Group, Inc. (a)(b) 139,892 1,533,216 
C&J Energy Services, Inc. (b) 291,885 6,114,991 
Carbo Ceramics, Inc. (a)(b) 108,759 940,765 
Core Laboratories NV (a) 194,832 22,318,006 
Dawson Geophysical Co. (a) 86,896 538,755 
Diamond Offshore Drilling, Inc. (a)(b) 281,291 4,900,089 
Dril-Quip, Inc. (a)(b) 170,524 8,978,089 
EcoStim Energy Solutions, Inc. (b) 45,009 18,773 
ENGlobal Corp. (b) 48,611 50,555 
Ensco PLC Class A (a) 1,938,236 13,257,534 
Enservco Corp. (a)(b) 76,307 50,370 
Era Group, Inc. (b) 74,312 887,285 
Exterran Corp. (b) 142,998 3,916,715 
Forum Energy Technologies, Inc. (b) 346,649 4,142,456 
Frank's International NV (a) 279,786 2,470,510 
FTS International, Inc. (b) 109,598 1,208,866 
Geospace Technologies Corp. (a)(b) 61,378 867,271 
Gulf Island Fabrication, Inc. 50,167 474,078 
GulfMark Offshore, Inc. (a)(b) 15,982 583,343 
Helix Energy Solutions Group, Inc. (b) 626,995 5,868,673 
Hornbeck Offshore Services, Inc. (b) 145,542 641,840 
Independence Contract Drilling, Inc. (b) 124,870 545,682 
ION Geophysical Corp. (a)(b) 42,726 766,932 
Key Energy Services, Inc. (b) 46,431 620,318 
Liberty Oilfield Services, Inc. Class A (a) 46,862 920,370 
Mammoth Energy Services, Inc. 44,896 1,233,742 
Matrix Service Co. (b) 122,152 2,552,977 
McDermott International, Inc. (a)(b) 798,344 15,439,973 
Mitcham Industries, Inc. (b) 40,167 160,668 
Nabors Industries Ltd. 1,575,166 9,718,774 
Natural Gas Services Group, Inc. (b) 51,774 1,144,205 
NCS Multistage Holdings, Inc. (a)(b) 46,570 757,694 
Newpark Resources, Inc. (a)(b) 395,660 4,154,430 
Noble Corp. (a)(b) 1,104,992 6,740,451 
Oceaneering International, Inc. (a) 453,391 12,817,364 
Oil States International, Inc. (b) 276,237 9,350,622 
Parker Drilling Co. (a)(b) 37,424 147,451 
Patterson-UTI Energy, Inc. 992,917 17,008,668 
PHI, Inc. (non-vtg.) (b) 45,577 371,453 
Pioneer Energy Services Corp. (b) 357,373 1,143,594 
Profire Energy, Inc. (a)(b) 143,347 408,539 
Quintana Energy Services, Inc. (a)(b) 65,953 516,412 
Ranger Energy Services, Inc. Class A 20,663 172,536 
RigNet, Inc. (b) 51,505 839,532 
Rowan Companies PLC (a)(b) 497,230 6,981,109 
RPC, Inc. (a) 275,755 3,772,328 
SAExploration Holdings, Inc.:   
warrants 7/27/21 (b)(c) 42 0 
warrants 7/27/21 (b)(c) 42 0 
SEACOR Holdings, Inc. (b) 78,739 4,051,122 
SEACOR Marine Holdings, Inc. (a)(b) 69,485 1,423,053 
Smart Sand, Inc. (a)(b) 100,045 498,224 
Solaris Oilfield Infrastructure, Inc. Class A (a)(b) 89,140 1,534,991 
Superior Energy Services, Inc. (a)(b) 704,690 6,342,210 
Synthesis Energy Systems, Inc. (a)(b) 30,310 75,775 
TETRA Technologies, Inc. (b) 568,895 2,611,228 
Tidewater, Inc. (a)(b) 106,388 3,404,416 
Transocean Ltd. (United States) (a)(b) 1,934,998 23,432,826 
U.S. Silica Holdings, Inc. (a) 352,315 7,465,555 
Unit Corp. (b) 250,344 6,581,544 
Weatherford International PLC (a)(b) 4,437,915 10,739,754 
  255,513,299 
Oil, Gas & Consumable Fuels - 3.2%   
Abraxas Petroleum Corp. (b) 751,149 1,690,085 
Adams Resources & Energy, Inc. 9,725 446,378 
Aemetis, Inc. (b) 43,473 53,907 
Alta Mesa Resources, Inc. Class A (a)(b) 522,555 2,476,911 
Amyris, Inc. (b) 131,911 1,183,242 
Antero Resources Corp. (a)(b) 957,852 17,729,841 
Approach Resources, Inc. (a)(b) 207,929 449,127 
Arch Coal, Inc. 92,704 8,220,064 
Barnwell Industries, Inc. (b) 11,088 21,622 
Bonanza Creek Energy, Inc. (b) 94,040 2,915,240 
California Resources Corp. (a)(b) 194,938 8,097,725 
Callon Petroleum Co. (a)(b) 1,004,425 11,350,003 
Carrizo Oil & Gas, Inc. (b) 388,505 9,409,591 
Centennial Resource Development, Inc. Class A (a)(b) 780,268 15,035,764 
Centrus Energy Corp. Class A (a)(b) 21,753 49,597 
Cheniere Energy, Inc. (b) 925,356 61,934,077 
Chesapeake Energy Corp. (a)(b) 4,038,948 17,892,540 
Clean Energy Fuels Corp. (b) 599,821 1,649,508 
Cloud Peak Energy, Inc. (b) 343,710 811,156 
CNX Resources Corp. (b) 869,470 13,859,352 
Comstock Resources, Inc. (b) 58,734 568,545 
CONSOL Energy, Inc. (b) 110,230 4,728,867 
Contango Oil & Gas Co. (a)(b) 110,727 756,265 
Continental Resources, Inc. (a)(b) 383,933 25,320,381 
CVR Energy, Inc. 130,096 4,950,153 
Delek U.S. Holdings, Inc. 336,903 18,361,214 
Denbury Resources, Inc. (a)(b) 1,782,250 9,927,133 
Diamondback Energy, Inc. (a) 440,444 53,328,960 
Dorian Lpg Ltd. (b) 132,893 1,012,645 
Earthstone Energy, Inc. (b) 106,067 888,841 
Eclipse Resources Corp. (a)(b) 466,049 666,450 
Energen Corp. (b) 435,946 33,807,612 
Energy XXI Gulf Coast, Inc. (b) 160,349 1,451,158 
EP Energy Corp. (a)(b) 190,722 333,764 
Evolution Petroleum Corp. 129,483 1,301,304 
Extraction Oil & Gas, Inc. (a)(b) 573,298 6,621,592 
Gastar Exploration, Inc. (a)(b) 751,204 59,420 
Gevo, Inc. (a)(b) 20,550 79,118 
Goodrich Petroleum Corp. (a)(b) 27,152 379,856 
Green Plains, Inc. 176,797 3,138,147 
Gulfport Energy Corp. (a)(b) 691,671 8,134,051 
Halcon Resources Corp. (a)(b) 695,628 3,185,976 
Hallador Energy Co. 76,925 470,012 
Highpoint Resources, Inc. (b) 434,873 2,396,150 
Houston American Energy Corp. (a)(b) 96,963 21,817 
International Seaways, Inc. (a)(b) 131,702 2,702,525 
Isramco, Inc. (b) 3,432 400,514 
Jagged Peak Energy, Inc. (a)(b) 149,435 1,974,036 
Jones Energy, Inc. (b) 295,544 97,530 
Kosmos Energy Ltd. (a)(b) 1,089,883 9,852,542 
Laredo Petroleum, Inc. (a)(b) 570,943 4,733,117 
Lilis Energy, Inc. (a)(b) 175,925 935,921 
Lonestar Resources U.S., Inc. (a)(b) 94,981 863,377 
Matador Resources Co. (a)(b) 463,546 15,176,496 
Mexco Energy Corp. (b) 2,080 10,504 
Midstates Petroleum Co., Inc. (b) 108,910 1,266,623 
Murphy Oil Corp. 723,796 22,314,631 
NACCO Industries, Inc. Class A 20,158 708,554 
Nextdecade Corp. (a)(b) 57,546 390,737 
Nine Energy Service, Inc. (b) 40,660 1,218,987 
Northern Oil & Gas, Inc. (a)(b) 940,917 3,246,164 
Oasis Petroleum, Inc. (a)(b) 1,181,945 15,908,980 
Overseas Shipholding Group, Inc. (b) 199,656 684,820 
Pacific Ethanol, Inc. (b) 154,515 285,853 
Panhandle Royalty Co. Class A 84,554 1,576,932 
Par Pacific Holdings, Inc. (a)(b) 118,042 2,397,433 
Parsley Energy, Inc. Class A (b) 1,147,417 31,863,770 
PBF Energy, Inc. Class A 528,151 27,421,600 
PDC Energy, Inc. (b) 293,262 15,451,975 
Peabody Energy Corp. 451,615 18,656,216 
Pedevco Corp. (a)(b) 6,070 14,386 
Penn Virginia Corp. (b) 62,543 5,562,574 
PrimeEnergy Corp. (b) 4,446 329,004 
QEP Resources, Inc. (b) 1,061,472 10,582,876 
Ramaco Resources, Inc. (b) 23,222 184,615 
Range Resources Corp. (a) 1,007,119 16,536,894 
Renewable Energy Group, Inc. (a)(b) 150,758 4,062,928 
Resolute Energy Corp. (a)(b) 89,891 2,962,807 
Rex American Resources Corp. (b) 25,663 2,067,925 
Ring Energy, Inc. (b) 246,884 2,913,231 
Sanchez Energy Corp. (a)(b) 332,605 874,751 
SandRidge Energy, Inc. (b) 160,445 2,544,658 
SemGroup Corp. Class A (a) 314,015 7,599,163 
SilverBow Resources, Inc. (b) 24,454 754,650 
SM Energy Co. 457,563 13,768,071 
Southwestern Energy Co. (a)(b) 2,283,668 12,834,214 
SRC Energy, Inc. (a)(b) 1,100,977 10,250,096 
Talos Energy, Inc. (a)(b) 90,661 3,129,618 
Targa Resources Corp. 983,076 54,137,995 
Tellurian, Inc. (a)(b) 413,703 4,000,508 
Tengasco, Inc. (a)(b) 71,660 78,109 
Torchlight Energy Resources, Inc. (a)(b) 215,751 252,429 
TransAtlantic Petroleum Ltd. (b) 78,088 135,092 
U.S. Energy Corp. (b) 16,279 15,188 
Ultra Petroleum Corp. (a)(b) 838,228 1,098,079 
Uranium Energy Corp. (a)(b) 628,474 1,074,691 
VAALCO Energy, Inc. (b) 270,263 654,036 
Vertex Energy, Inc. (a)(b) 53,517 68,502 
W&T Offshore, Inc. (a)(b) 415,454 2,812,624 
Westwater Resources, Inc. (a)(b) 149,006 32,826 
Whiting Petroleum Corp. (b) 403,892 20,562,142 
WildHorse Resource Development Corp. (a)(b) 103,071 2,240,764 
World Fuel Services Corp. 306,077 8,579,338 
WPX Energy, Inc. (b) 1,766,471 33,686,602 
Yuma Energy, Inc. (a)(b) 5,206 1,426 
Zion Oil & Gas, Inc. (a)(b) 251,977 466,157 
  764,173,967 
TOTAL ENERGY  1,019,687,266 
FINANCIALS - 16.3%   
Banks - 6.9%   
1st Constitution Bancorp 41,322 873,960 
1st Source Corp. 81,005 4,535,470 
Access National Corp. 64,833 1,759,568 
ACNB Corp. 16,821 602,192 
Allegiance Bancshares, Inc. (b) 66,951 2,982,667 
American National Bankshares, Inc. 27,639 1,137,345 
American River Bankshares 8,078 122,139 
Ameris Bancorp 190,625 9,464,531 
AmeriServ Financial, Inc. 14,455 65,770 
Ames National Corp. 26,775 809,944 
Anchor Bancorp (b) 7,890 226,049 
Arrow Financial Corp. 58,535 2,303,352 
Associated Banc-Corp. 750,374 20,447,692 
Atlantic Capital Bancshares, Inc. (b) 115,417 2,106,360 
Auburn National Bancorp., Inc. (a) 3,468 160,915 
Banc of California, Inc. 183,876 3,705,101 
BancFirst Corp. 82,079 5,236,640 
Bancorp, Inc., Delaware (b) 249,200 2,499,476 
BancorpSouth Bank 379,712 13,213,978 
Bank of Commerce Holdings 96,497 1,244,811 
Bank of Hawaii Corp. 186,091 15,469,745 
Bank of Marin Bancorp 25,314 2,231,429 
Bank of South Carolina Corp. 11,084 224,451 
Bank of the Ozarks, Inc. 538,836 21,801,305 
BankUnited, Inc. 467,041 18,116,520 
Bankwell Financial Group, Inc. 40,214 1,266,741 
Banner Corp. 145,508 9,360,530 
Bar Harbor Bankshares 71,268 2,098,843 
BayCom Corp. 26,266 688,169 
BCB Bancorp, Inc. 54,338 806,919 
Berkshire Hills Bancorp, Inc. 168,406 7,115,154 
Blue Hills Bancorp, Inc. 127,338 2,928,774 
BOK Financial Corp. (a) 111,501 11,434,428 
Boston Private Financial Holdings, Inc. 388,534 5,614,316 
Bridge Bancorp, Inc. 81,088 2,838,080 
Bridgewater Bancshares, Inc. (b) 45,165 580,822 
Brookline Bancorp, Inc., Delaware 361,471 6,560,699 
Bryn Mawr Bank Corp. 89,371 4,361,305 
Byline Bancorp, Inc. (b) 76,972 1,757,271 
C & F Financial Corp. 11,195 697,449 
Cadence Bancorp Class A 276,062 7,798,752 
Cambridge Bancorp 17,006 1,522,547 
Camden National Corp. 71,787 3,283,537 
Capital City Bank Group, Inc. 61,468 1,507,195 
Capstar Financial Holdings, Inc. 25,642 447,966 
Carolina Financial Corp. 91,528 3,766,377 
Cathay General Bancorp 339,787 14,372,990 
CB Financial Services, Inc. (a) 33,968 1,090,373 
CBTX, Inc. 16,626 608,013 
Centerstate Banks of Florida, Inc. 278,067 8,514,412 
Central Pacific Financial Corp. 134,564 3,812,198 
Central Valley Community Bancorp 60,316 1,303,429 
Century Bancorp, Inc. Class A (non-vtg.) 8,217 585,461 
Chemical Financial Corp. 319,915 18,273,545 
Chemung Financial Corp. 14,522 609,924 
CIT Group, Inc. 525,384 28,496,828 
Citizens & Northern Corp. 48,431 1,356,552 
Citizens First Corp. 14,486 378,809 
Citizens Holding Co. 12,415 287,407 
City Holding Co. 74,480 6,038,838 
Civista Bancshares, Inc. (a) 42,413 1,012,822 
CNB Financial Corp., Pennsylvania 60,038 1,850,972 
CoBiz, Inc. 216,423 4,988,550 
Codorus Valley Bancorp, Inc. 34,290 1,072,934 
Colony Bankcorp, Inc. 4,434 78,038 
Columbia Banking Systems, Inc. 336,238 14,206,056 
Commerce Bancshares, Inc. 422,734 30,039,478 
Community Bank System, Inc. (a) 225,113 14,886,723 
Community Bankers Trust Corp. (b) 168,702 1,526,753 
Community Financial Corp. 16,416 546,653 
Community Trust Bancorp, Inc. 82,616 4,081,230 
ConnectOne Bancorp, Inc. 132,927 3,276,651 
County Bancorp, Inc. 24,663 616,082 
Cullen/Frost Bankers, Inc. 255,893 28,375,975 
Customers Bancorp, Inc. (b) 131,371 3,244,864 
CVB Financial Corp. 471,007 11,327,718 
DNB Financial Corp. 4,859 166,421 
Eagle Bancorp, Inc. (b) 144,638 7,788,756 
East West Bancorp, Inc. 642,243 40,711,784 
Enterprise Bancorp, Inc. 36,527 1,313,876 
Enterprise Financial Services Corp. 103,876 5,848,219 
Equity Bancshares, Inc. (b) 64,821 2,631,084 
Esquire Financial Holdings, Inc. (a)(b) 7,939 206,414 
Evans Bancorp, Inc. 16,919 804,498 
Farmers & Merchants Bancorp, Inc. (a) 29,003 1,319,346 
Farmers National Banc Corp. 107,921 1,710,548 
FCB Financial Holdings, Inc. Class A (b) 213,886 11,079,295 
Fidelity Southern Corp. 96,099 2,335,206 
Financial Institutions, Inc. 66,751 2,156,057 
First Bancorp, North Carolina 134,516 5,612,008 
First Bancorp, Puerto Rico (b) 821,139 7,184,966 
First Bancshares, Inc. 48,628 1,996,179 
First Bank Hamilton New Jersey 68,067 973,358 
First Busey Corp. 198,698 6,368,271 
First Business Finance Services, Inc. 36,856 816,729 
First Choice Bancorp (a) 26,121 709,185 
First Citizen Bancshares, Inc. 39,289 18,662,668 
First Commonwealth Financial Corp. 444,756 7,449,663 
First Community Bancshares, Inc. 64,497 2,165,164 
First Community Corp. (a) 49,271 1,239,166 
First Connecticut Bancorp, Inc. 62,668 1,986,576 
First Financial Bancorp, Ohio 444,152 13,946,373 
First Financial Bankshares, Inc. (a) 303,995 18,361,298 
First Financial Corp., Indiana 55,531 2,857,070 
First Financial Northwest, Inc. 38,007 663,602 
First Foundation, Inc. (b) 137,798 2,229,572 
First Hawaiian, Inc. 403,144 11,687,145 
First Horizon National Corp. 1,454,904 26,799,332 
First Internet Bancorp 42,622 1,340,462 
First Interstate Bancsystem, Inc. 104,698 4,863,222 
First Merchants Corp. 197,615 9,509,234 
First Mid-Illinois Bancshares, Inc. 51,627 2,121,353 
First Midwest Bancorp, Inc., Delaware 462,514 12,571,131 
First Northwest Bancorp (b) 28,933 484,338 
First of Long Island Corp. 106,229 2,315,792 
First Republic Bank 721,744 73,321,973 
First United Corp. 27,604 556,221 
Flushing Financial Corp. 126,268 3,272,867 
FNB Corp., Pennsylvania 1,466,878 19,729,509 
Franklin Financial Network, Inc. (a)(b) 54,781 2,117,286 
Fulton Financial Corp. 779,979 14,195,618 
German American Bancorp, Inc. 95,319 3,583,041 
Glacier Bancorp, Inc. 352,249 16,090,734 
Glen Burnie Bancorp 18,315 221,612 
Great Southern Bancorp, Inc. 57,496 3,409,513 
Great Western Bancorp, Inc. (a) 260,236 11,330,675 
Green Bancorp, Inc. 126,947 3,046,728 
Guaranty Bancorp 110,960 3,467,500 
Guaranty Bancshares, Inc. Texas 6,765 212,759 
Hancock Whitney Corp. 388,458 20,025,010 
Hanmi Financial Corp. 147,184 3,841,502 
HarborOne Bancorp, Inc. (b) 136,954 2,699,363 
Hawthorn Bancshares, Inc. 49,185 1,089,448 
Heartland Financial U.S.A., Inc. 130,065 7,907,952 
Heritage Commerce Corp. 172,265 2,728,678 
Heritage Financial Corp., Washington (a) 131,818 4,784,993 
Hilltop Holdings, Inc. 338,017 7,013,853 
Home Bancshares, Inc. 705,416 16,513,789 
HomeTrust Bancshares, Inc. (b) 80,547 2,319,754 
Hope Bancorp, Inc. 564,668 9,887,337 
Horizon Bancorp, Inc. Indiana 200,748 4,101,282 
Howard Bancorp, Inc. (a)(b) 36,401 635,197 
IBERIABANK Corp. 253,284 21,947,059 
Independent Bank Corp. 95,135 2,373,618 
Independent Bank Corp., Massachusetts 127,226 11,590,289 
Independent Bank Group, Inc. 87,192 6,038,046 
International Bancshares Corp. 247,235 11,582,960 
Investar Holding Corp. 28,595 784,933 
Investors Bancorp, Inc. 1,113,616 14,254,285 
Lakeland Bancorp, Inc. (a) 197,458 3,810,939 
Lakeland Financial Corp. 116,671 5,748,380 
Landmark Bancorp, Inc. 38 1,110 
LCNB Corp. 59,345 1,103,817 
LegacyTexas Financial Group, Inc. (a) 202,262 9,358,663 
Limestone Bancorp, Inc. (b) 9,708 145,620 
Live Oak Bancshares, Inc. (a) 115,461 3,492,695 
Luther Burbank Corp. 63,696 726,134 
Macatawa Bank Corp. 89,652 1,117,960 
Mackinac Financial Corp. 17,916 292,927 
MB Financial, Inc. 377,720 18,304,311 
MBT Financial Corp. 67,956 744,118 
Mercantile Bank Corp. 82,951 2,937,295 
Merchants Bancorp/IN 42,920 1,120,641 
Metropolitan Bank Holding Corp. (b) 17,103 705,328 
Mid Penn Bancorp, Inc. (a) 27,731 844,409 
Middlefield Banc Corp. 13,083 648,917 
Midland States Bancorp, Inc. 78,477 2,701,963 
Midsouth Bancorp, Inc. 58,151 892,618 
MidWestOne Financial Group, Inc. 41,377 1,387,785 
MutualFirst Financial, Inc. 16,173 614,574 
National Bank Holdings Corp. 123,170 4,945,276 
National Bankshares, Inc. (a) 27,074 1,245,404 
National Commerce Corp. (b) 69,014 3,036,616 
NBT Bancorp, Inc. 208,964 8,458,863 
Nicolet Bankshares, Inc. (b) 29,160 1,614,298 
Northeast Bancorp 46,227 1,007,749 
Northrim Bancorp, Inc. 32,146 1,432,104 
Norwood Financial Corp. (a) 25,663 1,007,016 
OFG Bancorp (a) 203,042 3,289,280 
Ohio Valley Banc Corp. 14,225 599,584 
Old Line Bancshares, Inc. 52,434 1,793,243 
Old National Bancorp, Indiana 594,313 12,064,554 
Old Point Financial Corp. 8,443 224,584 
Old Second Bancorp, Inc. 130,873 2,021,988 
OP Bancorp (a)(b) 7,707 93,255 
Opus Bank 81,168 2,301,113 
Origin Bancorp, Inc. 20,678 837,873 
Orrstown Financial Services, Inc. 28,330 737,997 
Pacific Mercantile Bancorp (b) 74,732 754,793 
Pacific Premier Bancorp, Inc. (b) 169,013 6,684,464 
PacWest Bancorp 549,323 27,735,318 
Park National Corp. 59,712 6,577,277 
Parke Bancorp, Inc. 32,075 739,329 
Patriot National Bancorp, Inc. 1,376 26,970 
PCSB Financial Corp. 72,208 1,481,708 
Peapack-Gladstone Financial Corp. 73,677 2,461,549 
Penns Woods Bancorp, Inc. 18,583 841,438 
People's Utah Bancorp 70,336 2,542,646 
Peoples Bancorp of North Carolina 30,748 938,429 
Peoples Bancorp, Inc. 89,194 3,198,497 
Peoples Financial Services Corp. 27,751 1,275,991 
Pinnacle Financial Partners, Inc. 333,513 21,528,264 
Popular, Inc. 455,109 22,910,187 
Preferred Bank, Los Angeles (a) 60,046 3,675,416 
Premier Financial Bancorp, Inc. 39,763 775,379 
Prosperity Bancshares, Inc. 314,411 23,530,519 
QCR Holdings, Inc. 61,560 2,677,860 
Reliant Bancorp, Inc. (a) 23,125 637,094 
Renasant Corp. 191,243 8,929,136 
Republic Bancorp, Inc., Kentucky Class A 37,884 1,841,541 
Republic First Bancorp, Inc. (a)(b) 234,182 1,826,620 
S&T Bancorp, Inc. 159,587 7,446,329 
Sandy Spring Bancorp, Inc. 154,506 6,025,734 
SB Financial Group, Inc. 8,937 179,634 
Sb One Bancorp 28,331 787,602 
Seacoast Banking Corp., Florida (b) 205,048 6,483,618 
Select Bancorp, Inc. New (b) 96 1,230 
ServisFirst Bancshares, Inc. 205,055 8,837,871 
Shore Bancshares, Inc. 41,535 780,443 
Sierra Bancorp 44,717 1,326,753 
Signature Bank 238,397 27,592,069 
Simmons First National Corp. Class A 354,645 11,206,782 
SmartFinancial, Inc. (b) 30,919 759,989 
South State Corp. 166,489 13,727,018 
Southern First Bancshares, Inc. (b) 40,709 1,693,494 
Southern National Bancorp of Virginia, Inc. 83,109 1,458,563 
Southside Bancshares, Inc. 132,461 4,715,612 
Spirit of Texas Bancshares, Inc. (b) 1,830 39,473 
State Bank Financial Corp. 176,884 5,762,881 
Sterling Bancorp 1,007,293 23,016,645 
Stock Yards Bancorp, Inc. 112,644 4,359,323 
Summit Financial Group, Inc. 28,203 710,716 
Synovus Financial Corp. 526,811 26,372,159 
TCF Financial Corp. 738,532 18,721,786 
Texas Capital Bancshares, Inc. (b) 219,345 19,499,771 
The Bank of Princeton (a) 25,818 849,412 
The First Bancorp, Inc. 39,635 1,160,513 
Tompkins Financial Corp. 55,799 4,903,058 
TowneBank 295,598 9,636,495 
Trico Bancshares 122,757 4,772,792 
TriState Capital Holdings, Inc. (b) 111,590 3,319,803 
Triumph Bancorp, Inc. (b) 104,153 4,421,295 
Trustmark Corp. 304,379 10,799,367 
Two River Bancorp 42,472 724,572 
UMB Financial Corp. 202,353 15,225,040 
Umpqua Holdings Corp. 991,855 21,225,697 
Union Bankshares Corp. 248,597 10,341,635 
Union Bankshares, Inc. (a) 25,753 1,352,033 
United Bancorp, Inc. 40,892 541,819 
United Bankshares, Inc., West Virginia (a) 469,143 18,484,234 
United Community Bank, Inc. 326,619 9,909,620 
United Security Bancshares, Inc. 8,386 93,504 
United Security Bancshares, California 20,942 232,456 
Unity Bancorp, Inc. 56,085 1,368,474 
Univest Corp. of Pennsylvania 135,714 3,867,849 
Valley National Bancorp (a) 1,177,250 14,185,863 
Veritex Holdings, Inc. (b) 76,461 2,341,236 
Village Bank & Trust Financial Corp. (a)(b) 8,718 294,233 
Washington Trust Bancorp, Inc. 68,221 4,093,260 
Webster Financial Corp. (a) 409,675 26,784,552 
WesBanco, Inc. 250,914 12,382,606 
West Bancorp., Inc. 61,749 1,491,238 
Westamerica Bancorp. (a) 119,221 7,633,721 
Western Alliance Bancorp. (b) 431,591 24,881,221 
Wintrust Financial Corp. 243,506 21,562,456 
  1,641,685,282 
Capital Markets - 2.1%   
Arlington Asset Investment Corp. (a) 118,586 1,206,020 
Artisan Partners Asset Management, Inc. 224,170 7,431,236 
Ashford, Inc. (a) 4,403 402,390 
Associated Capital Group, Inc. (a) 20,279 758,435 
B. Riley Financial, Inc. 76,339 1,748,163 
BGC Partners, Inc. Class A 1,183,700 14,701,554 
Blucora, Inc. (b) 208,857 7,560,623 
Cohen & Co., Inc. (a) 1,650 16,022 
Cohen & Steers, Inc. (a) 96,440 4,009,011 
Cowen Group, Inc. Class A (a)(b) 132,552 2,014,790 
Diamond Hill Investment Group, Inc. 14,496 2,704,809 
Eaton Vance Corp. (non-vtg.) 521,796 27,514,303 
Evercore, Inc. Class A 178,939 18,994,375 
FactSet Research Systems, Inc. 171,927 39,438,335 
Federated Investors, Inc. Class B (non-vtg.) (a) 423,700 9,812,892 
Gain Capital Holdings, Inc. 113,781 838,566 
GAMCO Investors, Inc. Class A 17,575 454,314 
Great Elm Capital Group, Inc. (b) 109,690 340,039 
Greenhill & Co., Inc. 109,667 3,015,843 
Hamilton Lane, Inc. Class A 78,549 3,831,620 
Hennessy Advisors, Inc. (a) 9,179 133,096 
Houlihan Lokey 147,627 6,942,898 
iFresh, Inc. (a)(b) 19,708 67,401 
Interactive Brokers Group, Inc. 335,337 20,844,548 
INTL FCStone, Inc. (b) 69,826 3,893,498 
Investment Technology Group, Inc. 149,268 3,265,984 
Janus Henderson Group PLC (a) 810,033 22,883,432 
Ladenburg Thalmann Financial Services, Inc. 394,947 1,362,567 
Lazard Ltd. Class A 579,675 27,905,555 
Legg Mason, Inc. 373,124 11,641,469 
LPL Financial (a) 395,983 26,229,914 
Manning & Napier, Inc. Class A 53,255 154,440 
MarketAxess Holdings, Inc. 167,397 31,775,299 
Medley Management, Inc. (a) 32,101 168,530 
Moelis & Co. Class A 193,809 11,250,612 
Morningstar, Inc. 83,254 11,848,709 
National Holdings Corp. (b) 3,418 11,109 
National Holdings Corp. warrants 1/18/22 (b) 3,483 1,777 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 42,860 1,337,232 
Piper Jaffray Companies 62,939 4,846,303 
PJT Partners, Inc. 82,338 4,769,017 
Pzena Investment Management, Inc. 56,939 517,006 
Safeguard Scientifics, Inc. (b) 89,756 924,487 
SEI Investments Co. 580,821 36,638,189 
Siebert Financial Corp. (a)(b) 13,009 205,542 
Silvercrest Asset Management Group Class A 17,563 278,374 
Stifel Financial Corp. 324,377 18,122,943 
TD Ameritrade Holding Corp. 1,213,022 71,046,699 
TheStreet.com, Inc. (b) 83,675 174,881 
U.S. Global Investments, Inc. Class A (a) 35,952 58,242 
Value Line, Inc. 12,911 315,158 
Virtu Financial, Inc. Class A 282,024 6,148,123 
Virtus Investment Partners, Inc. 31,299 4,037,571 
Waddell & Reed Financial, Inc. Class A (a) 361,200 7,231,224 
Westwood Holdings Group, Inc. 46,301 2,663,697 
WisdomTree Investments, Inc. 506,112 4,160,241 
  490,649,107 
Consumer Finance - 0.9%   
Ally Financial, Inc. 1,901,935 51,124,013 
Asta Funding, Inc. (b) 34,340 127,058 
Atlanticus Holdings Corp. (b) 32,978 92,998 
Consumer Portfolio Services, Inc. (b) 85,827 331,292 
Credit Acceptance Corp. (a)(b) 57,193 26,120,615 
CURO Group Holdings Corp. (a)(b) 42,226 1,303,094 
Elevate Credit, Inc. (b) 76,316 714,318 
Encore Capital Group, Inc. (a)(b) 113,833 4,411,029 
Enova International, Inc. (b) 150,887 5,009,448 
EZCORP, Inc. (non-vtg.) Class A (a)(b) 232,313 2,578,674 
First Cash Financial Services, Inc. 202,051 16,426,746 
Green Dot Corp. Class A (b) 210,618 18,043,644 
Imperial Holdings, Inc. warrants 4/11/19 (b) 3,852 0 
LendingClub Corp. (a)(b) 1,691,777 6,107,315 
Navient Corp. 1,180,310 16,099,428 
Nelnet, Inc. Class A 87,891 5,066,916 
Nicholas Financial, Inc. (b) 72,274 850,665 
OneMain Holdings, Inc. (b) 319,383 11,721,356 
PRA Group, Inc. (a)(b) 207,395 7,580,287 
Regional Management Corp. (b) 41,860 1,395,194 
Santander Consumer U.S.A. Holdings, Inc. 509,138 10,987,198 
SLM Corp. (b) 1,947,276 22,822,075 
World Acceptance Corp. (a)(b) 27,296 3,237,579 
  212,150,942 
Diversified Financial Services - 0.4%   
A-Mark Precious Metals, Inc. 15,255 203,349 
Acushnet Holdings Corp. 183,086 4,952,476 
Alteryx, Inc. (a)(b) 109,341 6,347,245 
AXA Equitable Holdings, Inc. (a) 588,869 13,514,544 
Cannae Holdings, Inc. (b) 299,169 5,815,845 
Columbia Financial, Inc. (a) 229,910 3,892,376 
ConvergeOne Holdings, Inc. 125,764 1,149,483 
Donnelley Financial Solutions, Inc. (b) 154,248 3,222,241 
FB Financial Corp. 77,781 3,420,808 
FGL Holdings Class A (a)(b) 678,487 5,909,622 
Granite Point Mortgage Trust, Inc. 201,912 3,864,596 
Marlin Business Services Corp. 35,707 1,021,220 
On Deck Capital, Inc. (b) 189,402 1,556,884 
Rafael Holdings, Inc. (b) 43,941 413,924 
RBB Bancorp 37,471 1,073,544 
Senseonics Holdings, Inc. (a)(b) 390,673 1,593,946 
Victory Capital Holdings, Inc. (b) 65,168 643,860 
Voya Financial, Inc. 743,643 37,234,205 
  95,830,168 
Insurance - 3.6%   
1347 Property Insurance Holdings, Inc. (b) 6,863 47,355 
Alleghany Corp. 67,982 42,949,668 
AMBAC Financial Group, Inc. (b) 196,852 4,159,483 
American Equity Investment Life Holding Co. 401,573 14,894,343 
American Financial Group, Inc. 304,286 33,885,289 
American National Insurance Co. 40,865 5,244,614 
Amerisafe, Inc. 86,713 5,532,289 
AmTrust Financial Services, Inc. (a) 416,972 6,062,773 
Arch Capital Group Ltd. (b) 1,816,867 55,541,624 
Argo Group International Holdings, Ltd. 152,408 9,708,390 
Aspen Insurance Holdings Ltd. 264,828 10,897,672 
Assured Guaranty Ltd. 502,010 20,451,887 
Athene Holding Ltd. (b) 563,806 27,998,606 
Atlas Financial Holdings, Inc. (b) 41,883 429,301 
Axis Capital Holdings Ltd. 370,482 21,310,125 
Blue Capital Reinsurance Holdings Ltd. 23,495 237,300 
Brown & Brown, Inc. 1,020,481 31,104,261 
Citizens, Inc. Class A (a)(b) 181,405 1,523,802 
CNA Financial Corp. 128,322 5,761,658 
CNO Financial Group, Inc. 743,708 16,071,530 
Conifer Holdings, Inc. (b) 13,147 80,854 
Crawford & Co. Class B 85,249 743,371 
Donegal Group, Inc. Class A 117,281 1,694,710 
eHealth, Inc. (b) 76,766 2,240,800 
EMC Insurance Group 31,595 811,360 
Employers Holdings, Inc. 147,126 6,745,727 
Enstar Group Ltd. (b) 51,989 11,099,652 
Erie Indemnity Co. Class A 85,465 10,557,491 
FBL Financial Group, Inc. Class A 44,226 3,597,785 
Fednat Holding Co. 49,542 1,302,955 
First American Financial Corp. 496,471 28,229,341 
FNF Group 1,224,770 49,113,277 
Genworth Financial, Inc. Class A (b) 2,226,324 10,352,407 
Global Indemnity Ltd. 36,933 1,456,268 
Greenlight Capital Re, Ltd. (a)(b) 126,769 1,628,982 
Hallmark Financial Services, Inc. (b) 48,662 546,474 
Hanover Insurance Group, Inc. 188,741 23,118,885 
HCI Group, Inc. 35,392 1,433,376 
Health Insurance Innovations, Inc. (a)(b) 55,710 2,947,059 
Heritage Insurance Holdings, Inc. 104,451 1,530,207 
Horace Mann Educators Corp. 186,342 8,627,635 
Independence Holding Co. (a) 86,216 3,039,114 
Investors Title Co. 5,700 1,105,800 
James River Group Holdings Ltd. 133,863 5,481,690 
Kemper Corp. 276,237 22,471,880 
Kingstone Companies, Inc. 38,480 713,804 
Kinsale Capital Group, Inc. 89,995 5,468,996 
Maiden Holdings Ltd. 310,745 1,180,831 
Markel Corp. (b) 61,956 74,892,413 
MBIA, Inc. (a)(b) 409,386 4,204,394 
Mercury General Corp. 166,147 8,955,323 
National General Holdings Corp. 275,563 7,525,626 
National Western Life Group, Inc. 10,543 3,436,491 
Navigators Group, Inc. 102,238 7,156,660 
NI Holdings, Inc. (b) 44,844 756,967 
Old Republic International Corp. 1,111,127 24,644,797 
Primerica, Inc. 195,571 23,908,555 
ProAssurance Corp. 241,937 11,697,654 
Protective Insurance Corp. Class B 41,959 986,037 
Reinsurance Group of America, Inc. 284,201 40,598,113 
RenaissanceRe Holdings Ltd. 178,743 23,765,669 
RLI Corp. 173,289 13,338,054 
Safety Insurance Group, Inc. 68,539 6,627,721 
Selective Insurance Group, Inc. 263,903 16,942,573 
State Auto Financial Corp. 70,543 2,214,345 
Stewart Information Services Corp. 105,775 4,736,605 
Third Point Reinsurance Ltd. (b) 377,614 5,060,028 
Tiptree, Inc. 126,062 819,403 
Trupanion, Inc. (a)(b) 95,617 3,651,613 
United Fire Group, Inc. 96,136 4,761,616 
United Insurance Holdings Corp. 88,954 1,852,912 
Universal Insurance Holdings, Inc. 146,714 6,543,444 
W.R. Berkley Corp. 422,643 33,076,041 
White Mountains Insurance Group Ltd. 13,115 12,170,064 
  865,455,819 
Mortgage Real Estate Investment Trusts - 1.3%   
AG Mortgage Investment Trust, Inc. 126,006 2,368,913 
AGNC Investment Corp. 2,106,830 40,071,907 
American Capital Mortgage Investment Corp. 216,830 4,249,868 
Annaly Capital Management, Inc. 5,117,305 54,345,779 
Anworth Mortgage Asset Corp. 512,999 2,503,435 
Apollo Commercial Real Estate Finance, Inc. 489,115 9,503,504 
Arbor Realty Trust, Inc. (a) 279,601 3,427,908 
Ares Commercial Real Estate Corp. 137,967 2,017,078 
Armour Residential REIT, Inc. 197,044 4,634,475 
Blackstone Mortgage Trust, Inc. (a) 510,491 17,387,323 
Capstead Mortgage Corp. 445,345 3,740,898 
Cherry Hill Mortgage Investment Corp. 99,628 1,853,081 
Chimera Investment Corp. 831,896 15,498,222 
Dynex Capital, Inc. 297,409 1,906,392 
Ellington Residential Mortgage REIT 39,894 471,547 
Exantas Capital Corp. 143,640 1,702,134 
Great Ajax Corp. 65,572 894,402 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (a) 241,543 5,207,667 
Hunt Companies Finance Trust I (a) 76,218 273,623 
Invesco Mortgage Capital, Inc. 513,234 8,329,788 
KKR Real Estate Finance Trust, Inc. (a) 140,227 2,972,812 
Ladder Capital Corp. Class A 446,979 7,764,025 
MFA Financial, Inc. 2,003,665 15,348,074 
New Residential Investment Corp. 1,477,565 27,438,382 
New York Mortgage Trust, Inc. (a) 611,164 3,911,450 
Orchid Island Capital, Inc. (a) 253,296 2,011,170 
Owens Realty Mortgage, Inc. (a) 36,988 610,302 
PennyMac Mortgage Investment Trust 273,176 5,458,056 
Redwood Trust, Inc. 357,375 6,068,228 
Starwood Property Trust, Inc. 1,150,852 25,353,270 
Two Harbors Investment Corp. 1,104,179 17,247,276 
Western Asset Mortgage Capital Corp. 187,651 2,088,556 
ZAIS Financial Corp. 76,880 1,318,492 
  297,978,037 
Real Estate Management & Development - 0.0%   
The RMR Group, Inc. 33,296 3,144,807 
Thrifts & Mortgage Finance - 1.1%   
BankFinancial Corp. 74,436 1,187,254 
Beneficial Bancorp, Inc. 350,460 6,168,096 
BofI Holding, Inc. (a)(b) 242,587 9,033,940 
BSB Bancorp, Inc. (a)(b) 29,275 974,858 
Capitol Federal Financial, Inc. 645,033 8,520,886 
Charter Financial Corp. 64,185 1,598,848 
Citizens Community Bancorp, Inc. 15,344 216,350 
Coastway Bancorp, Inc. (b) 8,700 241,425 
Dime Community Bancshares, Inc. 149,800 2,718,870 
Elmira Savings Bank 190 3,829 
Entegra Financial Corp. (b) 76,530 2,104,575 
ESSA Bancorp, Inc. 31,879 512,614 
Essent Group Ltd. (b) 369,106 16,004,436 
Farmer Mac Class C (non-vtg.) 44,824 3,454,586 
First Capital, Inc. 12,741 509,640 
First Defiance Financial Corp. 99,544 3,184,413 
Flagstar Bancorp, Inc. (b) 129,103 4,266,854 
FS Bancorp, Inc. (a) 14,770 861,534 
Greene County Bancorp, Inc. (a) 1,994 69,690 
Hamilton Bancorp, Inc. (b) 68 972 
Hingham Institution for Savings 8,302 1,801,617 
HMN Financial, Inc. (b) 3,799 78,639 
Home Bancorp, Inc. 30,230 1,383,023 
Home Federal Bancorp, Inc. 30 1,043 
HomeStreet, Inc. (b) 119,715 3,525,607 
HopFed Bancorp, Inc. 17,764 301,988 
Impac Mortgage Holdings, Inc. (a)(b) 64,633 483,455 
Kearny Financial Corp. 490,203 6,715,781 
Lendingtree, Inc. (a)(b) 34,798 8,816,073 
Malvern Bancorp, Inc. (a)(b) 62,881 1,546,873 
Meridian Bancorp, Inc. Maryland 244,400 4,374,760 
Meta Financial Group, Inc. 39,712 3,439,059 
MGIC Investment Corp. (b) 1,661,841 21,138,618 
New York Community Bancorp, Inc. (a) 2,167,553 23,344,546 
NMI Holdings, Inc. (b) 265,572 5,736,355 
Northfield Bancorp, Inc. 216,694 3,527,778 
Northwest Bancshares, Inc. (a) 464,486 8,462,935 
OceanFirst Financial Corp. (a) 180,565 5,272,498 
Ocwen Financial Corp. (b) 477,081 1,994,199 
Oritani Financial Corp. 186,116 3,015,079 
PB Bancorp, Inc. 6,939 81,880 
PennyMac Financial Services, Inc. 101,167 2,139,682 
PHH Corp. (b) 162,986 1,768,398 
Poage Bankshares, Inc. 8,102 213,488 
Provident Bancorp, Inc. (b) 82,600 2,337,580 
Provident Financial Holdings, Inc. 21,391 393,594 
Provident Financial Services, Inc. 275,627 6,954,069 
Prudential Bancorp, Inc. 80,795 1,485,012 
Radian Group, Inc. 959,394 19,504,480 
Riverview Bancorp, Inc. 143,960 1,418,006 
Security National Financial Corp. Class A 39,889 209,417 
SI Financial Group, Inc. 22,747 315,046 
Southern Missouri Bancorp, Inc. 20,102 804,080 
Sterling Bancorp, Inc. 111,108 1,361,073 
Territorial Bancorp, Inc. 30,075 898,641 
TFS Financial Corp. 274,017 4,230,822 
Timberland Bancorp, Inc. 26,555 942,968 
Trustco Bank Corp., New York 431,279 3,989,331 
United Community Bancorp, Inc. 20,670 552,923 
United Community Financial Corp. 246,363 2,549,857 
United Financial Bancorp, Inc. New 234,466 4,166,461 
Walker & Dunlop, Inc. 129,457 7,055,407 
Washington Federal, Inc. (a) 375,596 12,807,824 
Waterstone Financial, Inc. 131,102 2,215,624 
Westfield Financial, Inc. 124,040 1,321,026 
WMI Holdings Corp. (a)(b) 1,391,949 2,101,843 
WSFS Financial Corp. 144,979 7,074,975 
  255,487,103 
TOTAL FINANCIALS  3,862,381,265 
HEALTH CARE - 12.7%   
Biotechnology - 5.0%   
Abeona Therapeutics, Inc. (a)(b) 138,708 2,136,103 
ACADIA Pharmaceuticals, Inc. (a)(b) 449,938 6,398,118 
Acceleron Pharma, Inc. (a)(b) 170,677 9,219,972 
Achaogen, Inc. (a)(b) 152,648 807,508 
Achillion Pharmaceuticals, Inc. (b) 646,500 2,230,425 
Acorda Therapeutics, Inc. (b) 209,696 6,039,245 
Actinium Pharmaceuticals, Inc. (a)(b) 386,446 247,325 
Adamas Pharmaceuticals, Inc. (a)(b) 96,033 2,211,640 
ADMA Biologics, Inc. (a)(b) 105,827 676,235 
Aduro Biotech, Inc. (a)(b) 168,694 1,248,336 
Advaxis, Inc. (b) 192,048 278,470 
Adverum Biotechnologies, Inc. (b) 186,902 1,420,455 
Aeglea BioTherapeutics, Inc. (b) 60,822 664,784 
Aevi Genomic Medicine, Inc. (b) 123,543 154,429 
Agenus, Inc. (a)(b) 337,105 745,002 
Agios Pharmaceuticals, Inc. (a)(b) 220,940 17,834,277 
Aimmune Therapeutics, Inc. (a)(b) 176,727 4,932,451 
Akebia Therapeutics, Inc. (b) 242,511 1,991,015 
Albireo Pharma, Inc. (a)(b) 32,576 1,126,478 
Alder Biopharmaceuticals, Inc. (a)(b) 263,439 4,768,246 
Aldeyra Therapeutics, Inc. (b) 73,438 620,551 
Alkermes PLC (a)(b) 690,938 30,981,660 
Allena Pharmaceuticals, Inc. (b) 20,941 228,257 
Alnylam Pharmaceuticals, Inc. (b) 373,747 45,847,544 
Alpine Immune Sciences, Inc. (b) 17,610 118,339 
Altimmune, Inc. (a)(b) 24,357 7,794 
AMAG Pharmaceuticals, Inc. (a)(b) 149,565 3,649,386 
Amicus Therapeutics, Inc. (a)(b) 840,227 11,326,260 
AmpliPhi Biosciences Corp. (a)(b) 71,558 70,599 
AnaptysBio, Inc. (a)(b) 65,853 5,837,210 
Anavex Life Sciences Corp. (a)(b) 184,561 492,778 
Apellis Pharmaceuticals, Inc. (a)(b) 158,023 3,059,325 
Applied Genetic Technologies Corp. (b) 46,793 208,229 
Aptevo Therapeutics, Inc. (b) 61,583 339,938 
AquaBounty Technologies, Inc. (b) 3,886 11,503 
Aquinox Pharmaceuticals, Inc. (b) 101,486 316,636 
ARCA Biopharma, Inc. (b) 47,776 29,430 
Arcus Biosciences, Inc. (a) 57,927 834,149 
Ardelyx, Inc. (b) 222,415 956,385 
Arena Pharmaceuticals, Inc. (b) 218,740 8,495,862 
ArQule, Inc. (b) 437,492 2,900,572 
Array BioPharma, Inc. (a)(b) 937,303 14,593,808 
Arrowhead Pharmaceuticals, Inc. (a)(b) 396,371 5,850,436 
Arsanis, Inc. (b) 19,229 44,034 
Asterias Biotherapeutics, Inc. (a)(b) 100,621 155,963 
Atara Biotherapeutics, Inc. (a)(b) 196,240 8,036,028 
Athersys, Inc. (a)(b) 600,575 1,237,185 
aTyr Pharma, Inc. (a)(b) 92,415 66,714 
Audentes Therapeutics, Inc. (b) 122,722 4,467,081 
AVEO Pharmaceuticals, Inc. (a)(b) 432,567 1,293,375 
Avid Bioservices, Inc. (a)(b) 225,155 1,648,135 
Bellicum Pharmaceuticals, Inc. (a)(b) 198,381 1,434,295 
Biocept, Inc. (b) 5,126 18,044 
BioCryst Pharmaceuticals, Inc. (a)(b) 482,017 3,451,242 
Biohaven Pharmaceutical Holding Co. Ltd. (a)(b) 122,164 4,625,129 
BioMarin Pharmaceutical, Inc. (b) 793,133 79,297,437 
Biospecifics Technologies Corp. (b) 19,687 1,056,011 
BioTime, Inc. (a)(b) 561,266 1,543,482 
bluebird bio, Inc. (a)(b) 238,471 40,134,669 
Blueprint Medicines Corp. (a)(b) 174,790 13,401,149 
BrainStorm Cell Therpeutic, Inc. (a)(b) 59,499 235,616 
Calithera Biosciences, Inc. (b) 113,033 616,030 
Calyxt, Inc. (a)(b) 37,842 640,665 
Cancer Genetics, Inc. (a)(b) 66,933 60,601 
Capricor Therapeutics, Inc. (a)(b) 73,472 88,901 
Cara Therapeutics, Inc. (a)(b) 152,691 3,079,777 
CareDx, Inc. (b) 141,215 3,432,937 
CASI Pharmaceuticals, Inc. (a)(b) 205,257 1,426,536 
Catabasis Pharmaceuticals, Inc. (b) 285,082 202,408 
Catalyst Biosciences, Inc. (a)(b) 55,172 603,030 
Catalyst Pharmaceutical Partners, Inc. (b) 396,208 1,335,221 
Cel-Sci Corp. (a)(b) 58,284 156,201 
Celcuity, Inc. (b) 11,425 282,426 
Celldex Therapeutics, Inc. (b) 554,944 278,582 
Cellectar Biosciences, Inc. (a)(b) 7,104 21,383 
Cellular Biomedicine Group, Inc. (a)(b) 45,744 972,060 
Celsion Corp. (a)(b) 28,275 80,584 
ChemoCentryx, Inc. (b) 94,481 1,245,260 
Chimerix, Inc. (b) 178,291 711,381 
Cidara Therapeutics, Inc. (a)(b) 38,035 161,649 
Cleveland Biolabs, Inc. (a)(b) 9,814 18,745 
Clovis Oncology, Inc. (a)(b) 234,766 8,392,885 
Co.-Diagnostics, Inc. (a)(b) 39,607 125,950 
CohBar, Inc. (a)(b) 98,160 514,358 
Coherus BioSciences, Inc. (a)(b) 233,520 4,705,428 
Conatus Pharmaceuticals, Inc. (a)(b) 120,590 676,510 
Concert Pharmaceuticals, Inc. (b) 67,764 1,068,638 
ContraFect Corp. (a)(b) 293,502 645,704 
Corbus Pharmaceuticals Holdings, Inc. (a)(b) 207,882 1,216,110 
Corvus Pharmaceuticals, Inc. (a)(b) 43,398 475,642 
CTI BioPharma Corp. (a)(b) 232,172 436,483 
Cue Biopharma, Inc. (a)(b) 42,006 404,098 
Curis, Inc. (a)(b) 112,824 191,801 
Cyclacel Pharmaceuticals, Inc. (a)(b) 17,418 26,650 
Cytokinetics, Inc. (b) 220,477 1,741,768 
CytomX Therapeutics, Inc. (b) 196,032 4,408,760 
Cytori Therapeutics, Inc. (a)(b) 15,265 7,968 
CytRx Corp. (a)(b) 103,666 117,143 
Deciphera Pharmaceuticals, Inc. (a)(b) 63,419 2,345,869 
Denali Therapeutics, Inc. (a)(b) 74,724 1,466,832 
Dicerna Pharmaceuticals, Inc. (a)(b) 107,979 1,711,467 
Dyax Corp. rights 12/31/19 (b)(d) 559,523 2,238,092 
Dynavax Technologies Corp. (a)(b) 248,617 3,443,345 
Eagle Pharmaceuticals, Inc. (a)(b) 39,285 2,715,772 
Edge Therapeutics, Inc. (a)(b) 89,666 79,803 
Editas Medicine, Inc. (a)(b) 174,862 5,740,719 
Eiger Biopharmaceuticals, Inc. (b) 52,179 673,109 
Emergent BioSolutions, Inc. (b) 166,223 10,305,826 
Enanta Pharmaceuticals, Inc. (b) 64,885 5,899,993 
Epizyme, Inc. (a)(b) 226,118 2,668,192 
Esperion Therapeutics, Inc. (a)(b) 90,914 4,499,334 
Evelo Biosciences, Inc. (a) 35,269 475,073 
Exact Sciences Corp. (a)(b) 546,870 40,955,094 
Exelixis, Inc. (b) 1,258,987 23,656,366 
Fate Therapeutics, Inc. (a)(b) 189,571 2,443,570 
Fibrocell Science, Inc. (a)(b) 8,213 16,262 
FibroGen, Inc. (b) 347,043 21,221,679 
Five Prime Therapeutics, Inc. (b) 153,119 2,143,666 
Flexion Therapeutics, Inc. (a)(b) 163,082 3,734,578 
Fortress Biotech, Inc. (a)(b) 157,432 310,141 
Galectin Therapeutics, Inc. (a)(b) 127,369 824,077 
Genocea Biosciences, Inc. (a)(b) 154,944 99,164 
Genomic Health, Inc. (b) 91,036 5,568,672 
GenVec, Inc. rights (b)(d) 14,247 0 
Geron Corp. (a)(b) 820,267 4,700,130 
Global Blood Therapeutics, Inc. (a)(b) 219,712 10,754,902 
GlycoMimetics, Inc. (a)(b) 156,095 2,297,718 
GTx, Inc. (a)(b) 47,337 1,132,301 
Halozyme Therapeutics, Inc. (a)(b) 607,669 11,187,186 
Heat Biologics, Inc. (a)(b) 93,985 193,609 
Hemispherx Biopharma, Inc. (b) 62,748 17,256 
Heron Therapeutics, Inc. (a)(b) 305,511 11,777,449 
Histogenics Corp. (b) 265 774 
Homology Medicines, Inc. (a)(b) 54,605 909,173 
iBio, Inc. (a)(b) 29,669 24,622 
Idera Pharmaceuticals, Inc. (a)(b) 101,043 1,056,910 
Immucell Corp. (b) 6,616 46,114 
Immune Design Corp. (b) 134,903 512,631 
ImmunoCellular Therapeutics Ltd. (a)(b) 6,221 1,462 
ImmunoGen, Inc. (a)(b) 646,693 6,589,802 
Immunomedics, Inc. (a)(b) 716,398 19,170,810 
Infinity Pharmaceuticals, Inc. (a)(b) 232,096 524,537 
Inovio Pharmaceuticals, Inc. (a)(b) 363,067 1,909,732 
Insmed, Inc. (a)(b) 348,393 6,943,472 
Insys Therapeutics, Inc. (a)(b) 115,834 1,083,048 
Intellia Therapeutics, Inc. (a)(b) 92,693 2,866,994 
Intercept Pharmaceuticals, Inc. (a)(b) 93,873 10,495,001 
Intrexon Corp. (a)(b) 304,593 4,684,640 
Invitae Corp. (b) 272,475 4,035,355 
Ionis Pharmaceuticals, Inc. (a)(b) 613,176 28,016,011 
Iovance Biotherapeutics, Inc. (a)(b) 379,967 6,725,416 
Ironwood Pharmaceuticals, Inc. Class A (a)(b) 630,148 12,124,048 
IsoRay, Inc. (a)(b) 208,785 106,794 
ITUS Corp. (a)(b) 61,216 233,233 
Jounce Therapeutics, Inc. (a)(b) 33,980 266,743 
Kadmon Holdings, Inc. (a)(b) 480,225 2,069,770 
Kalvista Pharmaceuticals, Inc. (b) 32,020 544,340 
Karyopharm Therapeutics, Inc. (b) 238,564 5,021,772 
Keryx Biopharmaceuticals, Inc. (a)(b) 458,907 1,564,873 
Kindred Biosciences, Inc. (b) 131,750 1,963,075 
Krystal Biotech, Inc. (a) 32,537 533,932 
Kura Oncology, Inc. (a)(b) 131,794 2,701,777 
La Jolla Pharmaceutical Co. (a)(b) 94,167 2,169,608 
Leap Therapeutics, Inc. (b) 26,958 198,680 
Lexicon Pharmaceuticals, Inc. (a)(b) 224,291 2,595,047 
Ligand Pharmaceuticals, Inc.:   
Class B (a)(b) 94,939 24,654,709 
General CVR (b) 26,087 261 
Glucagon CVR 26,087 1,696 
rights (b) 26,087 170 
TR Beta CVR (b) 26,087 1,826 
Loxo Oncology, Inc. (a)(b) 97,178 16,421,138 
Macrogenics, Inc. (a)(b) 172,681 3,776,533 
Madrigal Pharmaceuticals, Inc. (a)(b) 36,749 8,790,728 
MannKind Corp. (a)(b) 637,070 700,777 
Matinas BioPharma Holdings, Inc. (a)(b) 308,906 142,097 
MediciNova, Inc. (a)(b) 166,326 2,024,187 
MEI Pharma, Inc. (a)(b) 153,139 640,121 
Menlo Therapeutics, Inc. (b) 35,234 270,597 
Merrimack Pharmaceuticals, Inc. (a)(b) 57,524 340,542 
MiMedx Group, Inc. (a)(b) 445,924 2,363,397 
Minerva Neurosciences, Inc. (b) 136,049 1,414,910 
Miragen Therapeutics, Inc. (a)(b) 80,669 500,954 
Mirati Therapeutics, Inc. (a)(b) 143,058 8,089,930 
Molecular Templates, Inc. (b) 22,628 130,337 
Moleculin Biotech, Inc. (a)(b) 87,362 150,263 
Momenta Pharmaceuticals, Inc. (b) 353,619 9,370,904 
Myriad Genetics, Inc. (b) 312,663 15,567,491 
NanoViricides, Inc. (b) 140,703 59,109 
NantKwest, Inc. (a)(b) 114,076 386,718 
Natera, Inc. (b) 156,470 4,324,831 
Navidea Biopharmaceuticals, Inc. (a)(b) 561,053 98,689 
Neuralstem, Inc. (a)(b) 66,443 81,060 
Neurocrine Biosciences, Inc. (b) 400,230 49,208,279 
NewLink Genetics Corp. (b) 118,072 366,023 
Novavax, Inc. (a)(b) 1,702,293 2,655,577 
Ohr Pharmaceutical, Inc. (a)(b) 231,472 45,137 
OncoCyte Corp. (a)(b) 11,421 29,124 
OncoGenex Pharmaceuticals, Inc. (b) 799 2,405 
OncoMed Pharmaceuticals, Inc. (b) 78,284 180,053 
OncoSec Medical, Inc. (a)(b) 149,613 224,420 
OpGen, Inc. (b) 1,613 3,097 
Ophthotech Corp. (b) 121,119 310,065 
Opiant Pharmaceuticals, Inc. (a)(b) 3,155 69,189 
Opko Health, Inc. (a)(b) 1,616,468 9,569,491 
Oragenics, Inc. (b) 7,849 3,375 
Organovo Holdings, Inc. (a)(b) 464,074 598,655 
OvaScience, Inc. (b) 151,945 117,605 
Ovid Therapeutics, Inc. (b) 16,440 109,655 
Palatin Technologies, Inc. (a)(b) 709,453 716,548 
PDL BioPharma, Inc. (a)(b) 684,620 1,656,780 
Pfenex, Inc. (b) 111,342 587,886 
Polarityte, Inc. (a)(b) 71,416 2,041,069 
Portola Pharmaceuticals, Inc. (a)(b) 293,563 8,762,856 
Progenics Pharmaceuticals, Inc. (a)(b) 361,673 2,831,900 
Protagonist Therapeutics, Inc. (b) 53,121 511,555 
Proteon Therapeutics, Inc. (b) 23,825 55,989 
Proteostasis Therapeutics, Inc. (a)(b) 107,211 288,398 
Prothena Corp. PLC (a)(b) 192,123 2,924,112 
PTC Therapeutics, Inc. (a)(b) 172,704 7,208,665 
Puma Biotechnology, Inc. (a)(b) 134,984 5,932,547 
Ra Pharmaceuticals, Inc. (a)(b) 57,597 702,683 
Radius Health, Inc. (a)(b) 179,153 3,685,177 
Recro Pharma, Inc. (b) 58,289 371,884 
REGENXBIO, Inc. (a)(b) 129,968 9,156,246 
Regulus Therapeutics, Inc. (a)(b) 361,993 83,874 
Repligen Corp. (a)(b) 167,201 9,175,991 
Retrophin, Inc. (a)(b) 186,923 5,923,590 
Rexahn Pharmaceuticals, Inc. (a)(b) 101,860 175,199 
Rigel Pharmaceuticals, Inc. (a)(b) 708,488 2,415,944 
Riot Blockchain, Inc. (a) 57,276 360,839 
Rocket Pharmaceuticals, Inc. (a)(b) 49,868 1,189,352 
RXi Pharmaceuticals Corp. (a)(b) 9,023 13,986 
Sage Therapeutics, Inc. (a)(b) 207,325 34,055,205 
Sangamo Therapeutics, Inc. (a)(b) 457,613 8,351,437 
Sarepta Therapeutics, Inc. (a)(b) 274,157 37,844,632 
Savara, Inc. (a)(b) 124,425 1,463,238 
Seattle Genetics, Inc. (a)(b) 473,081 36,313,698 
Selecta Biosciences, Inc. (a)(b) 39,918 541,288 
Sellas Life Sciences Group, Inc. (b) 1,077 1,163 
Seres Therapeutics, Inc. (a)(b) 90,896 798,067 
Sesen Bio, Inc. (a)(b) 280,517 628,358 
Sienna Biopharmaceuticals, Inc. (a)(b) 20,545 342,280 
Soleno Therapeutics, Inc. (b) 28,496 59,842 
Solid Biosciences, Inc. (b) 36,076 1,539,363 
Soligenix, Inc. (b) 19,921 31,674 
Sophiris Bio, Inc. (a)(b) 132,978 426,859 
Sorrento Therapeutics, Inc. (a)(b) 409,610 2,273,336 
Spark Therapeutics, Inc. (a)(b) 139,714 8,607,780 
Spectrum Pharmaceuticals, Inc. (a)(b) 417,957 8,998,614 
Spring Bank Pharmaceuticals, Inc. (a)(b) 54,942 779,627 
Stemline Therapeutics, Inc. (b) 120,107 2,053,830 
Sunesis Pharmaceuticals, Inc. (a)(b) 108,923 237,452 
Surface Oncology, Inc. 45,281 439,226 
Syndax Pharmaceuticals, Inc. (a)(b) 83,036 644,359 
Synergy Pharmaceuticals, Inc. (a)(b) 1,146,147 2,234,987 
Synlogic, Inc. (b) 56,306 595,717 
Synthetic Biologics, Inc. (a)(b) 14,928 42,843 
Syros Pharmaceuticals, Inc. (a)(b) 91,940 1,129,943 
T2 Biosystems, Inc. (a)(b) 160,347 1,047,066 
Tapimmune, Inc. (a)(b) 30,101 259,471 
Tenax Therapeutics, Inc. (a)(b) 1,474 7,915 
TESARO, Inc. (a)(b) 169,250 5,492,163 
TG Therapeutics, Inc. (a)(b) 289,019 3,670,541 
Tocagen, Inc. (a)(b) 41,610 405,698 
TONIX Pharmaceuticals Holding (a)(b) 36,311 38,853 
TRACON Pharmaceuticals, Inc. (a)(b) 24,172 50,761 
Trevena, Inc. (a)(b) 209,516 377,129 
Trovagene, Inc. (a)(b) 94,868 77,792 
Ultragenyx Pharmaceutical, Inc. (b) 210,309 17,819,482 
United Therapeutics Corp. (b) 193,566 23,806,682 
UNITY Biotechnology, Inc. (a) 35,335 673,485 
Unum Therapeutics, Inc. (a) 43,783 714,101 
Vanda Pharmaceuticals, Inc. (a)(b) 237,727 4,594,074 
Vaxart, Inc. (a)(b) 10,186 31,067 
VBI Vaccines, Inc. (a)(b) 125,821 256,675 
Veracyte, Inc. (b) 136,189 1,721,429 
Verastem, Inc. (a)(b) 304,264 3,030,469 
Vericel Corp. (a)(b) 198,807 2,425,445 
Versartis, Inc. (b) 105,167 189,301 
Vical, Inc. (b) 103,172 143,409 
Viking Therapeutics, Inc. (a)(b) 200,886 2,625,580 
VistaGen Therapeutics, Inc. (a)(b) 112,246 165,002 
Vital Therapies, Inc. (a)(b) 157,838 1,270,596 
Voyager Therapeutics, Inc. (a)(b) 89,973 1,956,013 
vTv Therapeutics, Inc. Class A (a)(b) 24,729 26,955 
Xbiotech, Inc. (a)(b) 78,189 315,884 
Xencor, Inc. (b) 212,727 8,889,861 
XOMA Corp. (a)(b) 33,247 622,716 
Yield10 Bioscience, Inc. (a)(b) 52,777 84,443 
Zafgen, Inc. (b) 145,426 1,384,456 
ZIOPHARM Oncology, Inc. (a)(b) 608,600 1,777,112 
  1,186,566,108 
Health Care Equipment & Supplies - 3.1%   
Accuray, Inc. (a)(b) 379,197 1,516,788 
Aethlon Medical, Inc. (a)(b) 20,423 19,812 
Akers Biosciences, Inc. (a)(b) 303,422 82,925 
Allied Healthcare Products, Inc. (b) 2,431 5,810 
Alliqua Biomedical, Inc. (a)(b) 6,256 16,140 
Alphatec Holdings, Inc. (a)(b) 43,263 151,853 
Amedica Corp. (a)(b) 3,678 1,632 
Angiodynamics, Inc. (b) 179,016 4,013,539 
Anika Therapeutics, Inc. (a)(b) 69,668 2,883,559 
Antares Pharma, Inc. (a)(b) 640,521 2,267,444 
Apollo Endosurgery, Inc. (b) 58,883 442,211 
Atossa Genetics, Inc. (a)(b) 13,690 29,297 
Atricure, Inc. (a)(b) 145,962 5,042,987 
Atrion Corp. 7,171 4,697,364 
Avanos Medical, Inc. (b) 210,060 15,145,326 
Avinger, Inc. (a)(b) 1,594 2,503 
AxoGen, Inc. (a)(b) 146,805 6,437,399 
Bellerophon Therapeutics, Inc. (a)(b) 107,908 93,340 
BioLase Technology, Inc. (a)(b) 27,940 49,454 
BioLife Solutions, Inc. (b) 43,637 1,045,543 
Bovie Medical Corp. (b) 91,156 486,773 
Cantel Medical Corp. 159,351 15,457,047 
Cardiovascular Systems, Inc. (b) 152,396 5,871,818 
CAS Medical Systems, Inc. (b) 18,121 40,591 
Cerus Corp. (b) 605,964 4,714,400 
Cesca Therapeutics, Inc. (b) 11,978 5,163 
Chembio Diagnostics, Inc. (b) 40,753 425,869 
Chf Solutions, Inc. (b) 66 81 
ConforMis, Inc. (b) 154,155 188,069 
CONMED Corp. 110,337 8,874,405 
Corindus Vascular Robotics, Inc. (a)(b) 389,590 424,653 
Cryolife, Inc. (b) 148,998 5,170,231 
CryoPort, Inc. (a)(b) 134,188 1,905,470 
Cutera, Inc. (b) 60,216 2,047,344 
CytoSorbents Corp. (a)(b) 116,213 1,702,520 
Dare Bioscience, Inc. (a)(b) 40,212 44,233 
DexCom, Inc. (a)(b) 394,667 56,982,021 
Dynatronics Corp. (b) 3,361 9,747 
Ekso Bionics Holdings, Inc. (a)(b) 222,191 595,472 
Electromed, Inc. (b) 18,140 84,532 
Endologix, Inc. (b) 360,376 828,865 
Fonar Corp. (b) 28,130 737,006 
Genmark Diagnostics, Inc. (a)(b) 249,750 2,137,860 
Glaukos Corp. (a)(b) 141,736 9,690,490 
Globus Medical, Inc. (b) 328,482 17,498,236 
Haemonetics Corp. (b) 231,876 25,886,637 
Helius Medical Technologies, Inc. (U.S.) (a)(b) 53,227 533,335 
Heska Corp. (a)(b) 29,651 3,172,657 
Hill-Rom Holdings, Inc. 298,179 29,003,871 
ICU Medical, Inc. (b) 67,431 20,633,886 
Inogen, Inc. (b) 78,078 20,683,643 
Inspire Medical Systems, Inc. (a) 37,822 2,079,832 
Insulet Corp. (a)(b) 262,554 27,376,506 
Integer Holdings Corp. (b) 129,758 10,367,664 
Integra LifeSciences Holdings Corp. (a)(b) 317,530 18,883,509 
IntriCon Corp. (a)(b) 31,823 2,351,720 
Invacare Corp. (a) 149,686 2,275,227 
InVivo Therapeutics Holdings Corp. (b) 4,799 9,358 
Invuity, Inc. (a)(b) 46,008 213,937 
IRadimed Corp. (a)(b) 21,182 582,505 
iRhythm Technologies, Inc. (b) 87,777 8,171,161 
Iridex Corp. (b) 27,462 249,904 
K2M Group Holdings, Inc. (b) 182,975 5,002,537 
Kewaunee Scientific Corp. 5,153 164,638 
Lantheus Holdings, Inc. (b) 142,650 2,296,665 
LeMaitre Vascular, Inc. 71,030 2,664,335 
LivaNova PLC (b) 193,977 24,353,812 
Masimo Corp. (b) 211,353 24,916,405 
Meridian Bioscience, Inc. 197,861 3,106,418 
Merit Medical Systems, Inc. (b) 239,902 14,118,233 
Microbot Medical, Inc. (b) 28,379 16,460 
Milestone Scientific, Inc. (a)(b) 44,568 32,980 
Misonix, Inc. (b) 18,022 344,220 
Myomo, Inc. (a)(b) 36,622 75,075 
Natus Medical, Inc. (b) 147,875 5,515,738 
Neogen Corp. (b) 235,570 22,011,661 
NeuroMetrix, Inc. (b) 805 1,038 
Nevro Corp. (a)(b) 127,234 8,578,116 
NuVasive, Inc. (a)(b) 234,091 16,430,847 
Nuvectra Corp. (b) 50,524 1,179,230 
NxStage Medical, Inc. (b) 302,519 8,573,388 
OraSure Technologies, Inc. (b) 268,651 4,301,103 
Orthofix International NV (b) 90,532 4,848,894 
OrthoPediatrics Corp. (a) 19,771 688,426 
PAVmed, Inc. (b) 69,158 89,905 
Penumbra, Inc. (a)(b) 134,854 18,724,478 
Precision Therapeutics, Inc. (a)(b) 27,222 30,761 
Presbia PLC (a)(b) 14,622 26,173 
Pulse Biosciences, Inc. (a)(b) 23,281 334,315 
Quanterix Corp. (a)(b) 34,253 573,053 
Quidel Corp. (b) 145,364 11,175,584 
ReShape Lifesciences, Inc. (a)(b) 876 58 
Restoration Robotics, Inc. (b) 9,924 24,314 
Retractable Technologies, Inc. (b) 35,837 25,878 
Rockwell Medical Technologies, Inc. (a)(b) 199,001 977,095 
RTI Biologics, Inc. (b) 246,244 1,101,942 
Seaspine Holdings Corp. (b) 40,548 624,439 
Second Sight Medical Products, Inc. (a)(b) 109,272 184,670 
Sientra, Inc. (a)(b) 101,623 2,552,770 
Staar Surgical Co. (a)(b) 122,144 5,826,269 
Steris PLC 378,638 43,323,760 
STRATA Skin Sciences, Inc. (b) 1,407 3,757 
SurModics, Inc. (b) 60,522 4,766,108 
Synergetics U.S.A., Inc. (b)(d) 76,412 1 
Tactile Systems Technology, Inc. (a)(b) 65,831 4,454,784 
Tandem Diabetes Care, Inc. (a)(b) 253,265 11,571,678 
Teleflex, Inc. 203,401 50,327,509 
TransEnterix, Inc. (a)(b) 517,481 3,001,390 
Utah Medical Products, Inc. 15,403 1,399,363 
Varex Imaging Corp. (a)(b) 165,871 5,208,349 
Vermillion, Inc. (b) 167,591 105,582 
ViewRay, Inc. (a)(b) 244,937 2,468,965 
Viveve Medical, Inc. (a)(b) 129,860 409,059 
VolitionRx Ltd. (a)(b) 99,018 230,712 
West Pharmaceutical Services, Inc. (a) 330,227 38,653,070 
Wright Medical Group NV (a)(b) 480,241 13,917,384 
Zosano Pharma Corp. (a)(b) 52,039 217,003 
  723,893,571 
Health Care Providers & Services - 1.7%   
AAC Holdings, Inc. (a)(b) 48,170 426,786 
Acadia Healthcare Co., Inc. (a)(b) 364,188 15,124,728 
Aceto Corp. 133,469 443,117 
Addus HomeCare Corp. (b) 43,926 2,850,797 
Amedisys, Inc. (b) 128,880 16,111,289 
American Renal Associates Holdings, Inc. (a)(b) 55,930 1,227,664 
American Shared Hospital Services (b) 113 350 
AMN Healthcare Services, Inc. (a)(b) 215,714 12,576,126 
BioScrip, Inc. (a)(b) 568,746 1,649,363 
BioTelemetry, Inc. (a)(b) 142,312 8,794,882 
Brookdale Senior Living, Inc. (a)(b) 842,845 8,361,022 
Caladrius Biosciences, Inc. (b) 36,321 191,412 
Capital Senior Living Corp. (a)(b) 129,657 1,150,058 
Chemed Corp. 70,108 22,682,742 
Civitas Solutions, Inc. (b) 70,980 1,135,680 
Community Health Systems, Inc. (a)(b) 556,599 2,159,604 
Corvel Corp. (b) 43,392 2,579,654 
Cross Country Healthcare, Inc. (b) 154,629 1,547,836 
Digirad Corp. 51,239 84,544 
Diplomat Pharmacy, Inc. (a)(b) 215,891 4,460,308 
Diversicare Healthcare Services, Inc. 13,500 82,350 
Five Star Sr Living, Inc. (b) 197,129 195,158 
G1 Therapeutics, Inc. (a)(b) 86,910 5,273,699 
Genesis HealthCare, Inc. Class A (a)(b) 198,253 350,908 
HealthEquity, Inc. (b) 235,578 22,193,803 
HealthSouth Corp. 439,860 35,888,177 
InfuSystems Holdings, Inc. (b) 45,777 153,353 
Interpace Diagnostics Group, Inc. (a)(b) 83,117 122,182 
LHC Group, Inc. (b) 130,886 12,948,552 
LifePoint Hospitals, Inc. (b) 171,434 11,040,350 
Magellan Health Services, Inc. (b) 111,867 8,222,225 
MEDNAX, Inc. (b) 421,834 19,973,840 
Molina Healthcare, Inc. (a)(b) 211,434 29,177,892 
National Healthcare Corp. 52,171 4,020,819 
National Research Corp. Class A 46,695 1,828,109 
National Vision Holdings, Inc. 214,779 9,503,971 
OptiNose, Inc. (a) 58,775 873,984 
Owens & Minor, Inc. (a) 269,909 4,583,055 
Patterson Companies, Inc. (a) 371,202 8,370,605 
Premier, Inc. (a)(b) 242,451 10,723,608 
Providence Service Corp. (b) 53,519 3,593,266 
Psychemedics Corp. 24,117 466,182 
Quorum Health Corp. (a)(b) 120,872 549,968 
R1 RCM, Inc. (a)(b) 373,806 3,726,846 
RadNet, Inc. (b) 136,201 1,886,384 
Select Medical Holdings Corp. (b) 486,521 9,633,116 
Sharps Compliance Corp. (b) 38,210 134,881 
SunLink Health Systems, Inc. (b) 10,027 13,938 
Surgery Partners, Inc. (a)(b) 84,310 1,462,779 
Tenet Healthcare Corp. (a)(b) 362,611 12,227,243 
The Ensign Group, Inc. 216,921 8,475,103 
The Joint Corp. (b) 45,109 386,584 
Tivity Health, Inc. (a)(b) 149,336 5,137,158 
Triple-S Management Corp. (a)(b) 103,498 2,253,151 
U.S. Physical Therapy, Inc. 56,937 7,131,359 
Wellcare Health Plans, Inc. (b) 220,155 66,612,298 
  412,774,858 
Health Care Technology - 0.8%   
Allscripts Healthcare Solutions, Inc. (b) 785,792 11,480,421 
Arrhythmia Research Technology, Inc. (b) 9,729 32,884 
athenahealth, Inc. (b) 180,475 27,775,103 
Castlight Health, Inc. Class B (a)(b) 308,628 925,884 
Computer Programs & Systems, Inc. (a) 48,337 1,319,600 
Evolent Health, Inc. (a)(b) 283,107 7,219,229 
HealthStream, Inc. 113,005 3,585,649 
HMS Holdings Corp. (b) 364,920 11,695,686 
HTG Molecular Diagnostics (a)(b) 123,246 553,375 
iCAD, Inc. (b) 50,180 150,540 
Inovalon Holdings, Inc. Class A (a)(b) 283,107 3,114,177 
Medical Transcription Billing Corp. (a)(b) 30,125 130,441 
Medidata Solutions, Inc. (a)(b) 266,895 22,680,737 
NantHealth, Inc. (a)(b) 148,762 330,252 
Omnicell, Inc. (a)(b) 176,931 12,164,006 
Quality Systems, Inc. (b) 219,383 5,021,677 
Simulations Plus, Inc. 50,674 1,056,553 
Streamline Health Solutions, Inc. (a)(b) 73,168 83,412 
Tabula Rasa HealthCare, Inc. (a)(b) 63,065 5,528,909 
Teladoc Health, Inc. (a)(b) 309,586 24,008,394 
Valeritas Holdings, Inc. (a)(b) 51,874 59,655 
Veeva Systems, Inc. Class A (b) 530,893 55,403,993 
Vocera Communications, Inc. (b) 140,717 4,666,176 
  198,986,753 
Life Sciences Tools & Services - 0.8%   
Accelerate Diagnostics, Inc. (a)(b) 120,184 2,956,526 
Bio-Rad Laboratories, Inc. Class A (b) 90,627 29,480,963 
Bio-Techne Corp. 167,086 32,108,917 
Bioanalytical Systems, Inc. (b) 4,600 7,498 
Bruker Corp. 450,858 16,041,528 
Cambrex Corp. (a)(b) 145,686 9,819,236 
Champions Oncology, Inc. (b) 7,203 63,530 
Charles River Laboratories International, Inc. (b) 212,544 26,251,309 
ChromaDex, Inc. (a)(b) 108,460 491,324 
Codexis, Inc. (b) 191,908 3,300,818 
Enzo Biochem, Inc. (b) 180,734 829,569 
Fluidigm Corp. (a)(b) 123,668 979,451 
Harvard Bioscience, Inc. (b) 139,202 828,252 
Luminex Corp. 186,159 5,251,545 
Medpace Holdings, Inc. (b) 116,128 6,943,293 
Nanostring Technologies, Inc. (b) 101,239 1,637,035 
NeoGenomics, Inc. (a)(b) 326,680 4,524,518 
Pacific Biosciences of California, Inc. (a)(b) 493,526 2,462,695 
PRA Health Sciences, Inc. (b) 257,613 27,203,933 
Syneos Health, Inc. (a)(b) 270,892 13,503,966 
  184,685,906 
Pharmaceuticals - 1.3%   
AcelRx Pharmaceuticals, Inc. (a)(b) 222,277 689,059 
Acer Therapeutics, Inc. (b) 21,687 695,719 
Aclaris Therapeutics, Inc. (a)(b) 115,378 1,836,818 
Adamis Pharmaceuticals Corp. (a)(b) 179,132 510,526 
Aerie Pharmaceuticals, Inc. (a)(b) 177,945 10,916,926 
Agile Therapeutics, Inc. (b) 72,395 21,212 
Akcea Therapeutics, Inc. (a)(b) 70,325 1,857,283 
Akorn, Inc. (b) 427,893 6,713,641 
Alimera Sciences, Inc. (a)(b) 100,515 104,536 
Amneal Pharmaceuticals, Inc. (a)(b) 339,032 7,831,639 
Amphastar Pharmaceuticals, Inc. (a)(b) 155,639 2,954,028 
Ampio Pharmaceuticals, Inc. (a)(b) 354,669 223,087 
ANI Pharmaceuticals, Inc. (b) 42,271 2,460,172 
ANI Pharmaceuticals, Inc. rights (b)(d) 58,183 1 
Apricus Biosciences, Inc. (a)(b) 96,999 32,010 
Aradigm Corp. (a)(b) 44,920 60,642 
Aratana Therapeutics, Inc. (b) 165,481 877,049 
Assembly Biosciences, Inc. (a)(b) 92,144 3,685,760 
Assertio Therapeutics, Inc. (a)(b) 274,416 1,750,774 
AstraZeneca PLC rights (b)(d) 21,542 0 
Athenex, Inc. (a)(b) 180,306 2,962,428 
Axsome Therapeutics, Inc. (a)(b) 59,924 206,738 
Bio Path Holdings, Inc. (a)(b) 33,967 46,195 
Biodelivery Sciences International, Inc. (a)(b) 261,066 776,671 
BioPharmX Corp. (a)(b) 595,565 93,087 
Catalent, Inc. (b) 639,360 26,725,248 
Cerecor, Inc. (a)(b) 45,108 217,872 
Chiasma, Inc. (b) 29,500 69,325 
Clearside Biomedical, Inc. (b) 125,760 856,426 
Collegium Pharmaceutical, Inc. (a)(b) 99,164 1,695,704 
ContraVir Pharmaceuticals, Inc. (a)(b) 43,383 32,103 
Corcept Therapeutics, Inc. (a)(b) 431,601 6,482,647 
Corium International, Inc. (a)(b) 122,886 1,199,367 
CorMedix, Inc. (a)(b) 425,319 263,698 
Cumberland Pharmaceuticals, Inc. (b) 33,008 195,077 
CymaBay Therapeutics, Inc. (a)(b) 260,632 3,552,414 
Dermira, Inc. (a)(b) 163,855 1,559,900 
Dova Pharmaceuticals, Inc. (a)(b) 57,540 1,464,393 
Durect Corp. (b) 703,630 921,755 
Egalet Corp. (a)(b) 230,195 88,625 
Eloxx Pharmaceuticals, Inc. (a)(b) 93,892 1,720,101 
Endo International PLC (b) 900,074 15,436,269 
Endocyte, Inc. (b) 273,323 5,389,930 
Evofem Biosciences, Inc. (b) 3,187 12,939 
Evoke Pharma, Inc. (a)(b) 15,570 44,997 
Evolus, Inc. (b) 43,831 1,121,635 
Eyepoint Pharmaceuticals, Inc. (a)(b) 196,453 430,232 
Flex Pharma, Inc. (a)(b) 42,326 20,951 
Gemphire Therapeutics, Inc. (a)(b) 33,731 47,223 
Horizon Pharma PLC (b) 747,740 15,807,224 
Imprimis Pharmaceuticals, Inc. (a)(b) 47,104 143,196 
InflaRx NV (a)(b) 28,184 946,982 
Innoviva, Inc. (a)(b) 327,079 4,749,187 
Intersect ENT, Inc. (b) 129,388 3,791,068 
Intra-Cellular Therapies, Inc. (b) 218,946 4,803,675 
Jaguar Health, Inc. (a)(b) 29,375 24,734 
Jazz Pharmaceuticals PLC (b) 267,395 45,703,153 
Kala Pharmaceuticals, Inc. (a)(b) 25,715 347,410 
KemPharm, Inc. (a)(b) 53,243 276,864 
Lannett Co., Inc. (a)(b) 130,324 697,233 
Lipocine, Inc. (a)(b) 72,418 107,903 
Mallinckrodt PLC (a)(b) 372,862 12,848,825 
Marinus Pharmaceuticals, Inc. (a)(b) 114,286 816,002 
Melinta Therapeutics, Inc. (b) 179,307 838,260 
Mersana Therapeutics, Inc. (a)(b) 31,503 439,467 
Mustang Bio, Inc. (b) 52,643 364,290 
MyoKardia, Inc. (b) 148,087 9,129,564 
Neos Therapeutics, Inc. (a)(b) 95,876 551,287 
NovaBay Pharmaceuticals, Inc. (a)(b) 5,586 9,776 
Novan, Inc. (b) 35,527 102,318 
Novus Therapeutics, Inc. (b) 3,160 15,010 
Ocular Therapeutix, Inc. (b) 142,737 963,475 
Odonate Therapeutics, Inc. (a)(b) 38,719 743,018 
Omeros Corp. (a)(b) 201,030 5,202,656 
Onconova Therapeutics, Inc. (b) 3,415 1,468 
Otonomy, Inc. (b) 109,470 328,410 
Pacira Pharmaceuticals, Inc. (b) 182,422 8,601,197 
Pain Therapeutics, Inc. (a)(b) 20,330 20,737 
Paratek Pharmaceuticals, Inc. (a)(b) 122,183 1,252,376 
Pernix Therapeutics Holdings, Inc. (a)(b) 30,326 32,752 
Phibro Animal Health Corp. Class A 89,995 4,247,764 
Plx Pharma PLC/New (b) 4,346 14,342 
Prestige Brands Holdings, Inc. (a)(b) 238,898 9,197,573 
Pulmatrix, Inc. (a)(b) 138,518 60,948 
Reata Pharmaceuticals, Inc. (a)(b) 67,270 5,809,437 
resTORbio, Inc. (a)(b) 41,417 489,963 
Revance Therapeutics, Inc. (a)(b) 123,370 3,380,338 
Rhythm Pharmaceuticals, Inc. (a) 90,279 2,843,789 
Ritter Pharmaceuticals, Inc. (a)(b) 2,906 5,812 
scPharmaceuticals, Inc. (a)(b) 23,358 119,593 
SCYNEXIS, Inc. (a)(b) 332,373 448,704 
SenesTech, Inc. (a)(b) 90,916 80,006 
SIGA Technologies, Inc. (b) 204,746 1,685,060 
Sonoma Pharmaceuticals, Inc. (a)(b) 12,933 24,573 
Spero Therapeutics, Inc. (a)(b) 43,453 495,799 
Supernus Pharmaceuticals, Inc. (a)(b) 229,316 10,158,699 
Teligent, Inc. (a)(b) 185,177 748,115 
Tetraphase Pharmaceuticals, Inc. (b) 221,113 782,740 
The Medicines Company (a)(b) 291,976 11,565,169 
TherapeuticsMD, Inc. (a)(b) 865,760 5,610,125 
Theravance Biopharma, Inc. (a)(b) 184,923 5,357,219 
Titan Pharmaceuticals, Inc. (a)(b) 66,917 49,184 
VIVUS, Inc. (a)(b) 373,562 209,942 
WAVE Life Sciences (b) 70,815 3,774,440 
Zogenix, Inc. (a)(b) 186,848 9,024,758 
Zynerba Pharmaceuticals, Inc. (a)(b) 68,717 551,798 
  313,250,239 
TOTAL HEALTH CARE  3,020,157,435 
INDUSTRIALS - 13.5%   
Aerospace & Defense - 1.4%   
AAR Corp. 150,817 7,038,629 
Aerojet Rocketdyne Holdings, Inc. (a)(b) 342,876 12,038,376 
AeroVironment, Inc. (a)(b) 95,552 8,404,754 
Air Industries Group, Inc. (b) 213 300 
Arotech Corp. (b) 105,511 353,462 
Astronics Corp. (a)(b) 95,985 4,176,307 
Astrotech Corp. (b) 7,755 26,600 
Axon Enterprise, Inc. (a)(b) 256,298 17,494,901 
BWX Technologies, Inc. 444,333 27,246,500 
CPI Aerostructures, Inc. (b) 19,646 164,044 
Cubic Corp. 111,576 8,446,303 
Curtiss-Wright Corp. 197,139 26,406,769 
Ducommun, Inc. (b) 48,231 1,962,519 
Engility Holdings, Inc. (b) 82,978 2,880,166 
Esterline Technologies Corp. (b) 117,886 10,132,302 
HEICO Corp. (a) 179,139 16,244,325 
HEICO Corp. Class A 321,106 23,922,397 
Hexcel Corp. 397,682 26,294,734 
Innovative Solutions & Support, Inc. (b) 33,630 89,120 
KEYW Holding Corp. (a)(b) 210,109 1,788,028 
KLX, Inc. (b) 226,126 16,697,144 
Kratos Defense & Security Solutions, Inc. (a)(b) 376,764 5,033,567 
Mercury Systems, Inc. (a)(b) 219,105 11,943,414 
Micronet Enertec Technologies, Inc. (a)(b) 8,412 10,599 
Moog, Inc. Class A 144,636 11,413,227 
National Presto Industries, Inc. (a) 24,207 3,209,848 
SIFCO Industries, Inc. (b) 8,781 46,100 
Sparton Corp. (b) 46,545 594,380 
Spirit AeroSystems Holdings, Inc. Class A (a) 475,747 40,676,369 
Teledyne Technologies, Inc. (b) 161,135 38,230,890 
Triumph Group, Inc. 230,348 4,791,238 
Vectrus, Inc. (b) 51,098 1,677,036 
Wesco Aircraft Holdings, Inc. (b) 279,582 3,396,921 
  332,831,269 
Air Freight & Logistics - 0.4%   
Air T, Inc. (b) 1,092 36,582 
Air Transport Services Group, Inc. (b) 202,618 4,123,276 
Atlas Air Worldwide Holdings, Inc. (a)(b) 115,252 7,018,847 
Echo Global Logistics, Inc. (a)(b) 118,834 3,945,289 
Forward Air Corp. 132,956 8,543,753 
Hub Group, Inc. Class A (b) 148,040 7,823,914 
Radiant Logistics, Inc. (b) 141,423 615,190 
XPO Logistics, Inc. (a)(b) 470,225 50,078,963 
  82,185,814 
Airlines - 0.3%   
Allegiant Travel Co. 56,258 7,665,153 
Hawaiian Holdings, Inc. 228,263 9,472,915 
JetBlue Airways Corp. (b) 1,406,654 26,838,958 
SkyWest, Inc. 234,779 15,331,069 
Spirit Airlines, Inc. (a)(b) 304,904 14,489,038 
  73,797,133 
Building Products - 1.0%   
AAON, Inc. (a) 183,755 7,423,702 
Advanced Drain Systems, Inc. Del 183,567 5,754,825 
American Woodmark Corp. (b) 64,659 5,492,782 
Apogee Enterprises, Inc. 127,498 6,275,452 
Armstrong World Industries, Inc. (b) 231,153 16,134,479 
Builders FirstSource, Inc. (b) 513,348 8,018,496 
Continental Building Products, Inc. (b) 171,095 6,381,844 
COVIA Corp. (a)(b) 145,251 1,645,694 
CSW Industrials, Inc. (b) 71,463 4,001,928 
GCP Applied Technologies, Inc. (b) 325,797 8,210,084 
Gibraltar Industries, Inc. (a)(b) 143,948 6,535,239 
GMS, Inc. (b) 139,287 3,461,282 
Griffon Corp. 149,237 2,723,575 
Insteel Industries, Inc. 82,597 3,167,595 
Jeld-Wen Holding, Inc. (b) 312,499 7,599,976 
Lennox International, Inc. 163,382 36,403,143 
Masonite International Corp. (b) 124,268 8,319,743 
NCI Building Systems, Inc. (b) 190,470 3,218,943 
Owens Corning 490,051 27,746,688 
Patrick Industries, Inc. (a)(b) 104,231 6,670,784 
PGT, Inc. (b) 227,232 5,521,738 
Quanex Building Products Corp. 159,882 2,622,065 
Simpson Manufacturing Co. Ltd. 182,466 14,007,915 
Tecogen, Inc. New (b) 6,044 18,676 
Trex Co., Inc. (b) 263,354 22,306,084 
Universal Forest Products, Inc. 278,628 10,437,405 
USG Corp. (b) 388,641 16,750,427 
  246,850,564 
Commercial Services & Supplies - 1.4%   
ABM Industries, Inc. (a) 296,021 9,389,786 
ACCO Brands Corp. 486,655 6,034,522 
Acme United Corp. 1,332 29,197 
ADS Waste Holdings, Inc. (b) 187,157 4,993,349 
Amrep Corp. (b) 2,694 19,774 
Aqua Metals, Inc. (a)(b) 158,730 385,714 
ARC Document Solutions, Inc. (b) 173,429 558,441 
Avalon Holdings Corp. Class A (a)(b) 10,366 46,440 
Brady Corp. Class A 222,213 8,988,516 
Casella Waste Systems, Inc. Class A (b) 174,856 4,962,413 
CECO Environmental Corp. 124,603 1,051,649 
Cemtrex, Inc. (a)(b) 34,404 56,767 
Clean Harbors, Inc. (b) 232,665 15,958,492 
Command Security Corp. (b) 4,050 7,979 
CompX International, Inc. Class A 715 9,653 
Covanta Holding Corp. 590,028 10,413,994 
Deluxe Corp. 214,935 12,728,451 
Document Security Systems, Inc. (a)(b) 20,066 24,681 
Ecology & Environment, Inc. Class A 5,529 73,812 
Ennis, Inc. 121,086 2,639,675 
Essendant, Inc. 171,402 2,473,331 
Evoqua Water Technologies Corp. (a)(b) 264,893 5,133,626 
Fuel Tech, Inc. (a)(b) 71,206 84,023 
Healthcare Services Group, Inc. (a) 331,117 13,645,332 
Heritage-Crystal Clean, Inc. (a)(b) 67,703 1,577,480 
Herman Miller, Inc. 272,699 10,444,372 
HNI Corp. 193,943 8,552,886 
Hudson Technologies, Inc. (a)(b) 164,908 308,378 
Industrial Services of America, Inc. (b) 12,605 29,181 
Interface, Inc. 264,579 6,230,835 
Intersections, Inc. (a)(b) 42,033 72,717 
KAR Auction Services, Inc. 607,125 38,060,666 
Kimball International, Inc. Class B 169,255 2,956,885 
Knoll, Inc. 218,560 5,144,902 
LSC Communications, Inc. 151,031 1,847,109 
Matthews International Corp. Class A 143,825 7,464,518 
McGrath RentCorp. 108,351 6,284,358 
Mobile Mini, Inc. 199,585 8,562,197 
Msa Safety, Inc. (a) 151,396 15,304,622 
Multi-Color Corp. (a) 64,185 3,963,424 
NL Industries, Inc. (b) 19,002 150,116 
Odyssey Marine Exploration, Inc. (a)(b) 33,165 309,098 
Performant Financial Corp. (b) 99,740 241,371 
Perma-Fix Environmental Services, Inc. (b) 23,883 113,444 
PICO Holdings, Inc. 104,771 1,252,013 
Pitney Bowes, Inc. 832,522 6,044,110 
Quad/Graphics, Inc. 144,761 3,296,208 
Quest Resource Holding Corp. (a)(b) 35,687 76,727 
R.R. Donnelley & Sons Co. 308,204 1,559,512 
Rollins, Inc. 432,079 25,959,306 
SP Plus Corp. (b) 100,820 3,921,898 
Steelcase, Inc. Class A 387,642 5,659,573 
Team, Inc. (a)(b) 132,793 3,094,077 
Tetra Tech, Inc. 253,668 17,706,026 
The Brink's Co. (a) 229,375 17,226,063 
U.S. Ecology, Inc. 98,121 7,138,303 
UniFirst Corp. 69,611 12,891,957 
Viad Corp. 92,732 5,712,291 
Virco Manufacturing Co. 16,793 83,125 
VSE Corp. 36,497 1,408,054 
  330,357,419 
Construction & Engineering - 0.7%   
AECOM (a)(b) 717,359 24,131,957 
Aegion Corp. (b) 147,211 3,674,387 
Ameresco, Inc. Class A (b) 85,179 1,222,319 
Argan, Inc. 63,539 2,528,852 
Comfort Systems U.S.A., Inc. 166,788 9,573,631 
Construction Partners, Inc. Class A 55,852 678,602 
Dycom Industries, Inc. (a)(b) 139,800 11,730,618 
EMCOR Group, Inc. 265,570 21,272,157 
FTE Networks, Inc. (b) 13,620 177,060 
Goldfield Corp. 99,734 473,737 
Granite Construction, Inc. 202,094 9,231,654 
Great Lakes Dredge & Dock Corp. (b) 252,829 1,384,239 
HC2 Holdings, Inc. (a)(b) 168,360 1,055,617 
Ies Holdings, Inc. (a)(b) 35,821 685,972 
Infrastructure and Energy Alternatives, Inc. (a)(b) 45,210 479,226 
KBR, Inc. 634,690 13,315,796 
Keane Group, Inc. (a)(b) 267,222 3,281,486 
MasTec, Inc. (a)(b) 286,469 12,547,342 
MYR Group, Inc. (b) 75,779 2,634,836 
Northwest Pipe Co. (b) 41,263 745,210 
NV5 Holdings, Inc. (b) 40,978 3,624,504 
Orion Group Holdings, Inc. (b) 116,448 1,003,782 
Primoris Services Corp. 186,344 4,669,781 
Sterling Construction Co., Inc. (a)(b) 117,122 1,704,125 
Tutor Perini Corp. (a)(b) 173,590 3,532,557 
Valmont Industries, Inc. 101,193 14,207,497 
Williams Scotsman Corp. (a)(b) 171,810 2,998,085 
  152,565,029 
Electrical Equipment - 0.8%   
Acuity Brands, Inc. (a) 182,690 27,922,340 
Allied Motion Technologies, Inc. 31,220 1,524,785 
American Electric Technologies, Inc. (a)(b) 11,386 11,184 
American Superconductor Corp. (a)(b) 78,969 481,711 
AZZ, Inc. 117,435 6,312,131 
Babcock & Wilcox Enterprises, Inc. (a)(b) 770,769 1,079,077 
Broadwind Energy, Inc. (b) 60,375 131,618 
Capstone Turbine Corp. (a)(b) 247,286 276,960 
Encore Wire Corp. 93,673 4,707,068 
Energous Corp. (a)(b) 87,914 1,127,057 
Energy Focus, Inc. (a)(b) 30,849 66,325 
EnerSys 189,355 15,714,571 
Enphase Energy, Inc. (a)(b) 338,229 1,653,940 
EnSync, Inc. (a)(b) 114,418 40,046 
Espey Manufacturing & Electronics Corp. 5,259 140,678 
FuelCell Energy, Inc. (a)(b) 378,895 443,307 
Generac Holdings, Inc. (b) 275,839 15,306,306 
GrafTech International Ltd. 174,214 3,219,475 
Hubbell, Inc. Class B 243,288 30,741,872 
Ideal Power, Inc. (a)(b) 17,678 11,673 
LSI Industries, Inc. 117,225 606,053 
Ocean Power Technologies, Inc. (a)(b) 70,903 52,546 
Orion Energy Systems, Inc. (a)(b) 82,082 78,142 
Plug Power, Inc. (a)(b) 1,028,508 2,026,161 
Polar Power, Inc. (a)(b) 7,179 44,510 
Powell Industries, Inc. 38,329 1,500,580 
Preformed Line Products Co. 11,698 955,727 
Real Goods Solar, Inc. (a)(b) 42,561 18,416 
Regal Beloit Corp. 199,139 16,667,934 
Revolution Lighting Technologies, Inc. (a)(b) 37,668 102,080 
Sensata Technologies, Inc. PLC (a)(b) 761,598 40,326,614 
Sunrun, Inc. (a)(b) 300,000 3,936,000 
Sunworks, Inc. (a)(b) 46,670 32,132 
Thermon Group Holdings, Inc. (b) 146,456 3,925,021 
TPI Composites, Inc. (a)(b) 61,940 1,736,178 
Ultralife Corp. (b) 42,785 370,090 
Vicor Corp. (b) 73,865 4,612,869 
Vivint Solar, Inc. (b) 109,703 575,941 
  188,479,118 
Industrial Conglomerates - 0.3%   
Carlisle Companies, Inc. 271,961 34,487,374 
ITT, Inc. 389,867 23,045,038 
Raven Industries, Inc. 161,392 7,811,373 
  65,343,785 
Machinery - 3.7%   
Actuant Corp. Class A (a) 272,518 8,025,655 
AGCO Corp. 293,590 17,515,579 
Alamo Group, Inc. 42,473 4,047,677 
Albany International Corp. Class A 131,871 10,173,848 
Allison Transmission Holdings, Inc. (a) 580,531 28,829,169 
Altra Industrial Motion Corp. (a) 131,716 5,143,510 
American Railcar Industries, Inc. 33,825 1,549,862 
Apergy Corp. (a)(b) 342,574 15,491,196 
ARC Group Worldwide, Inc. (a)(b) 25,348 48,161 
Art's-Way Manufacturing Co., Inc. (b) 9,649 26,535 
Astec Industries, Inc. (a) 86,385 4,202,630 
Barnes Group, Inc. 215,817 14,688,505 
Blue Bird Corp. (a)(b) 51,001 1,170,473 
Briggs & Stratton Corp. 191,742 3,865,519 
Cactus, Inc. (a)(b) 162,606 5,557,873 
Chart Industries, Inc. (a)(b) 138,723 10,480,523 
Chicago Rivet & Machine Co. 758 24,104 
CIRCOR International, Inc. (a) 87,402 3,964,555 
Colfax Corp. (b) 445,645 15,561,923 
Columbus McKinnon Corp. (NY Shares) 91,393 3,886,944 
Commercial Vehicle Group, Inc. (b) 120,218 1,173,328 
Crane Co. 226,459 20,671,178 
Dmc Global, Inc. 62,393 2,448,925 
Donaldson Co., Inc. (a) 584,176 29,559,306 
Douglas Dynamics, Inc. 101,803 4,662,577 
Eastern Co. 26,978 795,851 
Energy Recovery, Inc. (a)(b) 151,895 1,471,863 
EnPro Industries, Inc. 95,943 7,202,441 
ESCO Technologies, Inc. 116,292 7,867,154 
ExOne Co. (a)(b) 40,244 355,355 
Federal Signal Corp. 270,118 7,031,172 
Franklin Electric Co., Inc. 174,001 8,508,649 
FreightCar America, Inc. 53,070 897,414 
Gardner Denver Holdings, Inc. (b) 317,773 8,884,933 
Gates Industrial Corp. PLC (a)(b) 202,163 3,685,431 
Gencor Industries, Inc. (b) 29,953 386,394 
Global Brass & Copper Holdings, Inc. 99,231 3,825,355 
Gorman-Rupp Co. 90,966 3,334,814 
Graco, Inc. 752,909 35,394,252 
Graham Corp. 38,537 1,071,714 
Greenbrier Companies, Inc. (a) 124,371 7,213,518 
Harsco Corp. (b) 362,470 10,239,778 
Hillenbrand, Inc. 279,066 14,274,226 
Hurco Companies, Inc. 24,468 1,049,677 
Hyster-Yale Materials Handling Class A 42,446 2,618,918 
IDEX Corp. 341,726 52,355,840 
Jason Industries, Inc. (b) 34,467 95,474 
John Bean Technologies Corp. (a) 142,963 16,912,523 
Kadant, Inc. 51,037 5,157,289 
Kennametal, Inc. 366,952 14,986,320 
L.B. Foster Co. Class A (b) 41,840 951,860 
Lincoln Electric Holdings, Inc. 275,072 25,900,780 
Lindsay Corp. (a) 52,222 5,001,301 
LiqTech International, Inc. (b) 162,497 206,371 
Lydall, Inc. (b) 77,344 3,310,323 
Manitex International, Inc. (a)(b) 80,512 851,817 
Manitowoc Co., Inc. (a)(b) 162,770 3,774,636 
Meritor, Inc. (b) 392,749 8,506,943 
MFRI, Inc. (b) 13,179 121,906 
Middleby Corp. (a)(b) 247,844 30,122,960 
Milacron Holdings Corp. (b) 239,741 5,082,509 
Miller Industries, Inc. 42,627 1,227,658 
Mueller Industries, Inc. 260,390 8,324,668 
Mueller Water Products, Inc. Class A 715,346 8,276,553 
Navistar International Corp. New (b) 290,705 12,666,017 
NN, Inc. 123,434 2,468,680 
Nordson Corp. (a) 228,027 31,700,314 
Omega Flex, Inc. (a) 24,574 2,180,943 
Oshkosh Corp. 326,290 22,925,135 
Park-Ohio Holdings Corp. 36,562 1,515,495 
ProPetro Holding Corp. (a)(b) 310,888 4,731,715 
Proto Labs, Inc. (b) 112,204 17,442,112 
RBC Bearings, Inc. (b) 110,539 16,559,848 
Rexnord Corp. (b) 470,453 13,657,251 
Spartan Motors, Inc. 152,982 2,210,590 
SPX Corp. (b) 190,432 6,472,784 
SPX Flow, Inc. (b) 196,513 9,420,833 
Standex International Corp. 58,479 6,309,884 
Sun Hydraulics Corp. 127,963 6,441,657 
Taylor Devices, Inc. (b) 3,749 43,301 
Tennant Co. 82,228 6,294,553 
Terex Corp. 319,269 12,371,674 
The L.S. Starrett Co. Class A 20,155 128,992 
Timken Co. 301,245 14,655,569 
Titan International, Inc. 212,617 1,590,375 
Toro Co. 475,739 28,920,174 
TriMas Corp. (b) 203,826 6,257,458 
Trinity Industries, Inc. (a) 662,816 23,755,325 
Twin Disc, Inc. (b) 34,774 888,476 
Wabash National Corp. (a) 267,734 4,883,468 
WABCO Holdings, Inc. (a)(b) 222,607 27,398,470 
Wabtec Corp. (a) 380,495 41,215,218 
Watts Water Technologies, Inc. Class A 124,035 10,226,686 
Woodward, Inc. 247,249 19,918,379 
WSI Industries, Inc. (a) 5,563 29,484 
Xerium Technologies, Inc. (b) 46,836 629,476 
  885,956,531 
Marine - 0.1%   
Genco Shipping & Trading Ltd. (b) 60,925 836,500 
Kirby Corp. (b) 239,568 20,914,286 
Matson, Inc. 188,914 7,057,827 
  28,808,613 
Professional Services - 1.4%   
Acacia Research Corp. (b) 241,785 942,962 
Asgn, Inc. (b) 220,581 20,423,595 
Barrett Business Services, Inc. 33,579 2,519,432 
BG Staffing, Inc. 38,107 928,287 
CBIZ, Inc. (b) 253,569 6,060,299 
CoStar Group, Inc. (b) 162,765 71,968,172 
CRA International, Inc. 36,289 2,074,279 
DLH Holdings Corp. (b) 2,257 11,872 
Dun & Bradstreet Corp. 164,254 23,475,182 
Exponent, Inc. 237,793 12,448,464 
Forrester Research, Inc. 47,157 2,320,124 
Franklin Covey Co. (b) 53,514 1,369,958 
FTI Consulting, Inc. (b) 167,838 12,792,612 
GEE Group, Inc. (a)(b) 3,724 9,244 
GP Strategies Corp. (b) 68,728 1,309,268 
Heidrick & Struggles International, Inc. 88,851 3,927,214 
Hudson Global, Inc. (b) 73,252 126,726 
Huron Consulting Group, Inc. (b) 101,374 5,018,013 
ICF International, Inc. 85,852 7,009,816 
InnerWorkings, Inc. (a)(b) 215,796 1,687,525 
Insperity, Inc. 167,032 20,018,785 
Kelly Services, Inc. Class A (non-vtg.) 140,647 3,545,711 
Kforce, Inc. 105,978 4,456,375 
Korn/Ferry International 250,018 16,783,708 
Lightbridge Corp. (b) 12,635 12,761 
Manpower, Inc. 290,898 27,265,870 
Marathon Patent Group, Inc. (a)(b) 53,847 52,770 
Mastech Digital, Inc. (b) 6,164 64,722 
MISTRAS Group, Inc. (b) 78,589 1,792,615 
Navigant Consulting, Inc. 204,111 4,876,212 
RCM Technologies, Inc. 26,331 129,022 
Reis, Inc. 35,639 821,479 
Resources Connection, Inc. 145,001 2,399,767 
Spherix, Inc. (a)(b) 4,712 5,042 
TransUnion Holding Co., Inc. 671,873 50,592,037 
TriNet Group, Inc. (b) 185,050 10,930,904 
TrueBlue, Inc. (b) 189,785 5,560,701 
Volt Information Sciences, Inc. (b) 56,277 196,970 
WageWorks, Inc. (a)(b) 176,617 9,449,010 
Willdan Group, Inc. (a)(b) 35,062 1,099,895 
  336,477,400 
Road & Rail - 0.8%   
AMERCO 30,806 11,548,861 
ArcBest Corp. 114,714 5,517,743 
Avis Budget Group, Inc. (a)(b) 318,689 9,914,415 
Covenant Transport Group, Inc. Class A (b) 58,436 1,745,483 
Daseke, Inc. (b) 220,743 1,984,480 
Genesee & Wyoming, Inc. Class A (a)(b) 266,691 23,439,472 
Heartland Express, Inc. 222,126 4,542,477 
Knight-Swift Transportation Holdings, Inc. Class A 568,984 19,419,424 
Landstar System, Inc. 188,634 21,843,817 
Marten Transport Ltd. 173,130 3,817,517 
Old Dominion Freight Lines, Inc. 302,534 46,106,182 
P.A.M. Transportation Services, Inc. (b) 11,803 687,761 
Patriot Transportation Holding, Inc. (b) 5,715 115,957 
Roadrunner Transportation Systems, Inc. (b) 117,512 152,766 
Ryder System, Inc. 237,204 18,226,755 
Saia, Inc. (a)(b) 117,517 9,313,222 
Schneider National, Inc. Class B 141,992 3,840,884 
U.S.A. Truck, Inc. (b) 31,070 680,744 
Universal Logistics Holdings, Inc. 41,673 1,525,232 
Werner Enterprises, Inc. (a) 197,464 7,316,041 
YRC Worldwide, Inc. (b) 140,714 1,346,633 
  193,085,866 
Trading Companies & Distributors - 1.1%   
AeroCentury Corp. (b) 726 12,451 
Air Lease Corp. Class A 428,310 19,792,205 
Aircastle Ltd. 243,533 5,094,710 
Applied Industrial Technologies, Inc. 173,408 13,361,086 
Beacon Roofing Supply, Inc. (b) 304,866 11,304,431 
BlueLinx Corp. (a)(b) 36,029 1,294,522 
BMC Stock Holdings, Inc. (b) 279,470 6,288,075 
CAI International, Inc. (b) 68,566 1,850,596 
DXP Enterprises, Inc. (b) 73,586 3,376,862 
EnviroStar, Inc. 8,263 390,427 
GATX Corp. (a) 170,888 14,431,492 
General Finance Corp. (a)(b) 73,463 1,002,770 
H&E Equipment Services, Inc. 139,217 4,846,144 
HD Supply Holdings, Inc. (b) 818,402 37,310,947 
Herc Holdings, Inc. (b) 128,723 6,768,255 
Houston Wire & Cable Co. (b) 67,850 556,370 
Huttig Building Products, Inc. (a)(b) 72,927 377,762 
Kaman Corp. 120,759 7,874,694 
Lawson Products, Inc. (b) 22,824 769,169 
MRC Global, Inc. (b) 399,617 8,236,106 
MSC Industrial Direct Co., Inc. Class A 204,243 17,458,692 
Nexeo Solutions, Inc. (b) 262,963 2,632,260 
Now, Inc. (a)(b) 479,255 8,238,393 
Rush Enterprises, Inc. Class A 160,994 6,916,302 
SiteOne Landscape Supply, Inc. (a)(b) 179,538 16,224,849 
Systemax, Inc. 65,078 2,375,347 
Titan Machinery, Inc. (a)(b) 84,437 1,524,932 
Transcat, Inc. (b) 24,318 592,143 
Triton International Ltd. 212,280 8,019,938 
Univar, Inc. (b) 515,593 14,343,797 
Veritiv Corp. (b) 50,713 2,421,546 
Watsco, Inc. 142,847 24,996,797 
WESCO International, Inc. (b) 211,539 12,935,610 
Willis Lease Finance Corp. (b) 18,966 650,154 
  264,269,834 
Transportation Infrastructure - 0.1%   
Macquarie Infrastructure Co. LLC (a) 352,615 16,587,010 
TOTAL INDUSTRIALS  3,197,595,385 
INFORMATION TECHNOLOGY - 19.8%   
Communications Equipment - 1.4%   
ADTRAN, Inc. 225,381 3,876,553 
Aerohive Networks, Inc. (a)(b) 131,104 553,259 
Applied Optoelectronics, Inc. (a)(b) 86,263 3,567,838 
Arris International PLC (a)(b) 777,688 20,149,896 
Aviat Networks, Inc. (b) 17,942 319,368 
Bank Technologies, Inc. 68,107 258,807 
Black Box Corp. (a)(b) 74,340 92,925 
CalAmp Corp. (a)(b) 167,160 3,928,260 
Calix Networks, Inc. (b) 181,547 1,416,067 
Carvana Co. Class A (a)(b) 145,347 9,409,765 
Ciena Corp. (a)(b) 637,257 20,124,576 
Clearfield, Inc. (a)(b) 45,080 615,342 
ClearOne, Inc. 17,220 37,023 
CommScope Holding Co., Inc. (b) 855,104 27,098,246 
Communications Systems, Inc. 9,122 31,197 
Comtech Telecommunications Corp. 109,119 3,911,916 
Dasan Zhone Solutions, Inc. (a)(b) 16,585 179,781 
Digi International, Inc. (b) 122,486 1,647,437 
EchoStar Holding Corp. Class A (b) 221,176 10,616,448 
EMCORE Corp. (b) 116,856 566,752 
Extreme Networks, Inc. (b) 540,268 3,387,480 
Finisar Corp. (a)(b) 512,990 10,464,996 
Harmonic, Inc. (b) 393,058 2,142,166 
Infinera Corp. (b) 695,007 6,220,313 
InterDigital, Inc. 155,724 12,862,802 
KVH Industries, Inc. (b) 53,392 664,730 
Lantronix, Inc. (b) 2,938 15,630 
Lumentum Holdings, Inc. (a)(b) 282,405 19,175,300 
NETGEAR, Inc. (b) 143,427 10,161,803 
NetScout Systems, Inc. (a)(b) 359,842 8,996,050 
Network-1 Security Solutions, Inc. 44,887 130,172 
Oclaro, Inc. (b) 778,648 7,428,302 
Optical Cable Corp. (a)(b) 11,253 43,324 
Palo Alto Networks, Inc. (b) 409,900 94,748,385 
PC-Tel, Inc. 65,156 282,777 
Plantronics, Inc. 149,855 10,073,253 
Quantenna Communications, Inc. (b) 99,259 1,813,462 
Resonant, Inc. (a)(b) 88,838 471,730 
Sonus Networks, Inc. (b) 229,931 1,591,123 
Technical Communications Corp. (b) 2,782 13,632 
Tessco Technologies, Inc. 21,957 391,932 
Ubiquiti Networks, Inc. 95,899 8,603,099 
ViaSat, Inc. (a)(b) 244,675 15,370,484 
Viavi Solutions, Inc. (b) 1,014,663 11,364,226 
Westell Technologies, Inc. Class A (b) 36,810 105,645 
xG Technology, Inc. (a)(b) 3,373 1,385 
  334,925,657 
Electronic Equipment & Components - 3.2%   
ADDvantage Technologies Group, Inc. (b) 11,707 16,858 
ADT, Inc. (a) 500,555 4,479,967 
Akoustis Technologies, Inc. (a)(b) 44,905 374,508 
Anixter International, Inc. (b) 132,690 9,566,949 
Applied DNA Sciences, Inc. (a)(b) 83,467 101,830 
Arrow Electronics, Inc. (b) 396,273 30,723,046 
Avnet, Inc. 521,353 25,233,485 
AVX Corp. 228,995 4,843,244 
Badger Meter, Inc. 132,432 7,277,138 
Bel Fuse, Inc. Class B (non-vtg.) 43,341 1,241,720 
Belden, Inc. (a) 182,012 13,235,913 
Benchmark Electronics, Inc. 221,538 5,726,757 
Cardtronics PLC (b) 203,855 7,153,272 
Casa Systems, Inc. (a)(b) 37,182 546,204 
CDW Corp. 674,246 59,036,980 
ClearSign Combustion Corp. (a)(b) 88,193 180,796 
Cognex Corp. 773,857 41,633,507 
Coherent, Inc. (a)(b) 111,237 21,201,772 
Control4 Corp. (b) 94,138 3,051,013 
CTS Corp. 147,892 5,464,609 
CUI Global, Inc. (b) 85,811 193,933 
Daktronics, Inc. 187,333 1,519,271 
Data I/O Corp. (b) 25,384 136,566 
Dell Technologies, Inc. (a)(b) 890,312 85,621,305 
Digital Ally, Inc. (a)(b) 14,722 38,277 
Dolby Laboratories, Inc. Class A 281,007 19,723,881 
DPW Holdings, Inc. (a)(b) 240,068 117,657 
Dynasil Corp. of America (b) 9,233 12,557 
Echelon Corp. (b) 10,643 89,933 
Electro Scientific Industries, Inc. (a)(b) 159,386 3,498,523 
eMagin Corp. (a)(b) 59,414 86,150 
ePlus, Inc. (b) 63,782 6,611,004 
Fabrinet (a) 166,602 7,975,238 
FARO Technologies, Inc. (b) 75,680 5,161,376 
Fitbit, Inc. (a)(b) 799,425 4,812,539 
Frequency Electronics, Inc. (b) 18,014 149,516 
I. D. Systems Inc. (b) 42,210 271,832 
Identiv, Inc. (b) 44,096 267,663 
IEC Electronics Corp. (b) 24,204 132,880 
II-VI, Inc. (a)(b) 248,183 12,347,104 
Image Sensing Systems, Inc. (b) 9,582 57,971 
Insight Enterprises, Inc. (b) 157,850 8,703,849 
Intellicheck, Inc. (a)(b) 10,517 22,822 
Iteris, Inc. (a)(b) 122,630 631,545 
Itron, Inc. (b) 157,894 10,484,162 
Jabil, Inc. 758,876 22,432,375 
KEMET Corp. (b) 218,232 5,639,115 
KEY Tronic Corp. (b) 23,421 187,368 
Keysight Technologies, Inc. (b) 835,288 54,201,838 
Kimball Electronics, Inc. (b) 120,583 2,387,543 
Knowles Corp. (a)(b) 409,668 7,427,281 
LGL Group, Inc. (b) 5,167 39,373 
LightPath Technologies, Inc. Class A (a)(b) 75,176 160,877 
Littelfuse, Inc. 111,321 24,886,923 
LRAD Corp. (b) 75,779 230,368 
Luna Innovations, Inc. (b) 134,554 500,541 
Maxwell Technologies, Inc. (a)(b) 187,957 671,006 
Mesa Laboratories, Inc. 15,731 3,157,998 
Methode Electronics, Inc. Class A 165,031 6,543,479 
MicroVision, Inc. (a)(b) 416,568 445,728 
MTS Systems Corp. 80,740 4,368,034 
Napco Security Technolgies, Inc. (b) 54,451 822,210 
National Instruments Corp. 487,285 23,267,859 
Neonode, Inc. (a)(b) 119,716 36,513 
NetList, Inc. (a)(b) 137,887 16,091 
Novanta, Inc. (b) 143,360 10,981,376 
OSI Systems, Inc. (b) 79,055 6,157,594 
Par Technology Corp. (a)(b) 45,628 1,171,727 
Park Electrochemical Corp. 94,387 2,017,994 
PC Connection, Inc. 70,156 2,785,193 
PC Mall, Inc. (b) 39,971 911,339 
Perceptron, Inc. (b) 32,730 354,139 
Plexus Corp. (b) 152,708 9,664,889 
RadiSys Corp. (b) 138,192 219,725 
Research Frontiers, Inc. (a)(b) 70,642 81,238 
RF Industries Ltd. (a) 34,355 405,389 
Richardson Electronics Ltd. 36,172 326,633 
Rogers Corp. (b) 83,497 11,528,431 
Sanmina Corp. (b) 310,952 9,577,322 
ScanSource, Inc. (b) 115,525 4,696,091 
Sigmatron International, Inc. (b) 11,250 79,538 
Superconductor Technologies, Inc. (a)(b) 2,752 6,522 
SYNNEX Corp. 129,311 12,539,288 
Tech Data Corp. (b) 155,831 11,336,705 
Trimble, Inc. (b) 1,112,266 46,826,399 
TTM Technologies, Inc. (a)(b) 410,024 7,667,449 
Vishay Intertechnology, Inc. 588,359 14,002,944 
Vishay Precision Group, Inc. (b) 55,852 2,418,392 
Wayside Technology Group, Inc. 13,193 158,316 
Wireless Telecom Group, Inc. (b) 34,803 66,126 
Zebra Technologies Corp. Class A (b) 238,033 40,879,787 
  764,040,188 
Internet Software & Services - 3.0%   
2U, Inc. (a)(b) 254,227 22,717,725 
Alarm.com Holdings, Inc. (a)(b) 113,106 6,366,737 
Amber Road, Inc. (b) 72,188 630,201 
ANGI Homeservices, Inc. Class A (a)(b) 234,164 5,071,992 
AppFolio, Inc. (b) 53,537 4,572,060 
Apptio, Inc. Class A (b) 140,710 5,459,548 
Autoweb, Inc. (b) 46,143 159,655 
Benefitfocus, Inc. (a)(b) 107,573 4,743,969 
BlackLine, Inc. (a)(b) 176,458 9,309,924 
Box, Inc. Class A (a)(b) 572,401 14,058,169 
Bridgeline Digital, Inc. (b) 952 1,104 
Brightcove, Inc. (b) 142,686 1,170,025 
BroadVision, Inc. (b) 7,279 13,102 
Carbonite, Inc. (b) 142,269 5,911,277 
Care.com, Inc. (b) 69,638 1,353,066 
CarGurus, Inc. Class A (a) 48,282 2,381,268 
ChannelAdvisor Corp. (b) 110,549 1,442,664 
Cision Ltd. (a)(b) 260,243 4,713,001 
Cloudera, Inc. (a)(b) 388,032 5,824,360 
Cornerstone OnDemand, Inc. (b) 240,452 13,599,965 
Coupa Software, Inc. (b) 124,257 8,910,469 
Determine, Inc. (b) 71,459 58,239 
DHI Group, Inc. (b) 204,008 438,617 
DocuSign, Inc. (a) 92,453 5,772,765 
Dropbox, Inc. Class A (a)(b) 207,090 5,560,367 
DropCar, Inc. (a)(b) 9,790 7,049 
eGain Communications Corp. (b) 73,616 1,052,709 
Endurance International Group Holdings, Inc. (b) 358,723 3,461,677 
Envestnet, Inc. (a)(b) 202,403 12,791,870 
Etsy, Inc. (b) 482,738 23,504,513 
Five9, Inc. (a)(b) 246,048 11,822,606 
Fusion Connect, Inc. (a)(b) 100,564 372,087 
GlowPoint, Inc. (a)(b) 315,981 55,929 
GoDaddy, Inc. (b) 740,510 60,321,945 
Gogo, Inc. (a)(b) 264,954 1,189,643 
GrubHub, Inc. (a)(b) 402,893 58,060,910 
GTT Communications, Inc. (a)(b) 152,095 6,547,690 
Hortonworks, Inc. (b) 296,071 6,608,305 
IAC/InterActiveCorp (b) 348,213 68,667,604 
Instructure, Inc. (a)(b) 130,588 5,347,579 
Internap Network Services Corp. (a)(b) 59,742 801,738 
Inuvo, Inc. (b) 95,405 61,059 
iPass, Inc. (a)(b) 40,453 80,906 
Issuer Direct Corp. 35,231 484,426 
Izea Worldwide, Inc. (a)(b) 24,439 42,279 
j2 Global, Inc. (a) 218,104 18,008,847 
Leaf Group Ltd. (b) 63,831 705,333 
Limelight Networks, Inc. (b) 525,907 2,666,348 
Liquidity Services, Inc. (b) 94,355 679,356 
LivePerson, Inc. (b) 257,488 6,926,427 
LogMeIn, Inc. 231,236 19,874,734 
Marchex, Inc. Class B 110,863 319,285 
Marin Software, Inc. (a)(b) 10,816 36,234 
Match Group, Inc. (a)(b) 280,019 14,014,951 
MeetMe, Inc. (a)(b) 338,782 1,727,788 
MINDBODY, Inc. (a)(b) 132,963 4,932,927 
MongoDB, Inc. Class A (a) 107,602 7,743,040 
Net Element International, Inc. (a)(b) 15,603 96,271 
New Relic, Inc. (a)(b) 190,821 19,608,766 
Nutanix, Inc. Class A (b) 318,414 17,933,076 
Okta, Inc. (b) 333,092 20,595,078 
Pandora Media, Inc. (a)(b) 1,136,304 10,499,449 
Professional Diversity Network, Inc. (a)(b) 5,685 17,908 
Q2 Holdings, Inc. (a)(b) 156,722 9,763,781 
QuinStreet, Inc. (b) 165,257 2,506,949 
Qumu Corp. (b) 82,505 200,487 
Quotient Technology, Inc. (a)(b) 339,215 5,071,264 
Remark Holdings, Inc. (a)(b) 88,573 311,777 
SecureWorks Corp. (a)(b) 51,274 682,457 
SharpSpring, Inc. (b) 4,489 63,699 
ShotSpotter, Inc. (a)(b) 14,937 852,006 
Shutterstock, Inc. 83,363 4,588,300 
SPS Commerce, Inc. (b) 78,580 7,722,057 
Stamps.com, Inc. (b) 74,421 18,489,897 
Support.com, Inc. (b) 54,868 151,436 
Synacor, Inc. (a)(b) 119,442 229,926 
TechTarget, Inc. (a)(b) 91,845 2,203,362 
Telaria, Inc. (a)(b) 115,090 473,020 
The Trade Desk, Inc. (a)(b) 101,590 14,413,589 
Travelzoo, Inc. (b) 31,997 396,763 
TrueCar, Inc. (a)(b) 349,710 4,497,271 
Twilio, Inc. Class A (b) 343,255 27,686,948 
Veritone, Inc. (a)(b) 39,592 413,340 
Web.com Group, Inc. (b) 225,073 6,290,790 
XO Group, Inc. (b) 111,521 3,352,321 
Yelp, Inc. (a)(b) 341,931 16,111,789 
Yext, Inc. (a)(b) 297,956 7,407,186 
Zillow Group, Inc.:   
Class A (a)(b) 244,868 11,778,151 
Class C (a)(b) 530,658 25,816,512 
  709,383,689 
IT Services - 3.5%   
Acxiom Corp. (b) 346,135 15,814,908 
ALJ Regional Holdings, Inc. (b) 9,675 18,770 
Booz Allen Hamilton Holding Corp. Class A 648,080 33,155,773 
CACI International, Inc. Class A (b) 109,985 21,447,075 
Cass Information Systems, Inc. 45,228 3,235,159 
Computer Task Group, Inc. (b) 43,271 252,703 
Conduent, Inc. (b) 878,350 20,360,153 
Convergys Corp. 412,704 10,206,170 
CoreLogic, Inc. (b) 367,288 18,672,922 
CSG Systems International, Inc. 156,134 5,831,605 
CSP, Inc. 3,489 46,159 
Edgewater Technology, Inc. (b) 28,053 133,252 
EPAM Systems, Inc. (b) 225,925 32,291,460 
Euronet Worldwide, Inc. (a)(b) 229,811 22,475,516 
Everi Holdings, Inc. (b) 309,065 2,679,594 
EVERTEC, Inc. 269,766 6,487,872 
ExlService Holdings, Inc. (b) 152,820 9,792,706 
First Data Corp. Class A (b) 2,480,931 63,809,545 
Genpact Ltd. 671,734 20,581,930 
Hackett Group, Inc. 120,894 2,474,700 
Information Services Group, Inc. (b) 106,909 529,200 
Innodata, Inc. (b) 57,046 82,717 
Jack Henry & Associates, Inc. 346,707 54,932,257 
Leidos Holdings, Inc. 636,428 45,040,010 
ManTech International Corp. Class A 121,604 8,064,777 
Maximus, Inc. 291,106 19,358,549 
ModusLink Global Solutions, Inc. (b) 124,462 272,572 
MoneyGram International, Inc. (b) 141,146 918,860 
NIC, Inc. 297,143 4,992,002 
Perficient, Inc. (b) 163,968 4,710,801 
Perspecta, Inc. 635,230 14,775,450 
PFSweb, Inc. (a)(b) 68,404 588,958 
Presidio, Inc. (a) 145,431 2,198,917 
PRG-Schultz International, Inc. (b) 113,057 1,079,694 
Sabre Corp. 1,123,171 29,325,995 
Science Applications International Corp. 188,930 17,045,265 
ServiceSource International, Inc. (b) 310,800 991,452 
Square, Inc. (a)(b) 1,293,876 114,689,169 
StarTek, Inc. (a)(b) 45,478 275,597 
Sykes Enterprises, Inc. (b) 179,064 5,414,895 
Syntel, Inc. (b) 172,317 7,020,195 
Teradata Corp. (a)(b) 535,927 22,224,893 
Travelport Worldwide Ltd. 573,717 10,653,925 
Ttec Holdings, Inc. 70,995 1,860,069 
Unisys Corp. (a)(b) 229,721 4,272,811 
Virtusa Corp. (b) 125,755 7,326,486 
WEX, Inc. (b) 177,390 33,743,126 
WidePoint Corp. (b) 264,173 136,049 
Worldpay, Inc. (b) 1,327,578 129,292,821 
  831,585,484 
Semiconductors & Semiconductor Equipment - 2.7%   
Acacia Communications, Inc. (a)(b) 88,878 3,623,556 
Adesto Technologies Corp. (a)(b) 106,207 642,552 
Advanced Energy Industries, Inc. (b) 174,471 10,394,982 
AEHR Test Systems (b) 77,697 196,573 
Alpha & Omega Semiconductor Ltd. (b) 93,791 1,332,770 
Amkor Technology, Inc. (b) 564,220 4,925,641 
Amtech Systems, Inc. (a)(b) 53,049 291,239 
Aquantia Corp. (a)(b) 37,349 472,091 
Atomera, Inc. (a)(b) 35,732 192,595 
Axcelis Technologies, Inc. (b) 141,353 2,855,331 
AXT, Inc. (a)(b) 163,305 1,290,110 
Brooks Automation, Inc. 321,681 12,677,448 
Cabot Microelectronics Corp. 117,276 13,220,523 
Ceva, Inc. (b) 101,466 3,104,860 
Cirrus Logic, Inc. (a)(b) 270,017 11,867,247 
Cohu, Inc. 136,900 3,611,422 
Cree, Inc. (a)(b) 447,743 21,540,916 
CVD Equipment Corp. (a)(b) 12,659 81,651 
CyberOptics Corp. (a)(b) 31,816 709,497 
Cypress Semiconductor Corp. 1,589,845 27,361,232 
Diodes, Inc. (b) 171,896 6,518,296 
DSP Group, Inc. (b) 98,205 1,261,934 
Entegris, Inc. 631,248 21,399,307 
First Solar, Inc. (b) 364,124 18,963,578 
FormFactor, Inc. (b) 329,088 5,084,410 
GSI Technology, Inc. (b) 64,516 452,257 
Ichor Holdings Ltd. (a)(b) 108,787 2,820,847 
Impinj, Inc. (a)(b) 86,502 1,858,063 
Inphi Corp. (a)(b) 199,644 7,400,803 
Integrated Device Technology, Inc. (a)(b) 572,192 24,312,438 
Intermolecular, Inc. (b) 44,940 60,669 
Intest Corp. (b) 33,374 292,023 
Kopin Corp. (a)(b) 260,464 604,276 
Kulicke & Soffa Industries, Inc. 312,955 8,071,109 
Lattice Semiconductor Corp. (b) 587,755 4,813,713 
MACOM Technology Solutions Holdings, Inc. (a)(b) 181,099 4,174,332 
Marvell Technology Group Ltd. 2,597,123 53,708,504 
Maxim Integrated Products, Inc. 1,245,719 75,328,628 
MaxLinear, Inc. Class A (a)(b) 287,596 5,544,851 
MKS Instruments, Inc. 244,160 22,682,464 
Monolithic Power Systems, Inc. 172,955 25,920,766 
MoSys, Inc. (a)(b) 16,268 13,665 
Nanometrics, Inc. (b) 108,990 4,774,852 
NeoPhotonics Corp. (a)(b) 159,367 1,400,836 
NVE Corp. 22,079 2,509,941 
ON Semiconductor Corp. (b) 1,908,857 40,735,008 
PDF Solutions, Inc. (a)(b) 122,998 1,072,543 
Photronics, Inc. (b) 319,010 3,413,407 
Pixelworks, Inc. (b) 137,421 757,190 
Power Integrations, Inc. 131,006 9,609,290 
QuickLogic Corp. (a)(b) 362,578 395,210 
Rambus, Inc. (b) 490,859 5,998,297 
Rubicon Technology, Inc. (a)(b) 8,459 77,315 
Rudolph Technologies, Inc. (b) 142,377 3,958,081 
Semtech Corp. (b) 297,415 17,770,546 
Silicon Laboratories, Inc. (a)(b) 195,953 19,203,394 
SMART Global Holdings, Inc. (a)(b) 24,552 809,970 
SolarEdge Technologies, Inc. (a)(b) 169,300 8,117,935 
SunPower Corp. (a)(b) 277,488 1,864,719 
Synaptics, Inc. (a)(b) 152,567 7,362,883 
Teradyne, Inc. 852,655 35,120,859 
Ultra Clean Holdings, Inc. (b) 175,068 2,671,538 
Universal Display Corp. (a) 187,284 22,923,562 
Veeco Instruments, Inc. (b) 224,720 2,696,640 
Versum Materials, Inc. 493,451 19,634,415 
Xcerra Corp. (b) 245,849 3,559,894 
Xperi Corp. 215,562 3,384,323 
  631,501,817 
Software - 5.7%   
8x8, Inc. (b) 425,789 9,665,410 
A10 Networks, Inc. (b) 222,356 1,549,821 
ACI Worldwide, Inc. (a)(b) 532,148 15,118,325 
Agilysys, Inc. (b) 71,034 1,141,516 
Altair Engineering, Inc. Class A (b) 114,885 4,798,746 
American Software, Inc. Class A 136,738 2,458,549 
Appian Corp. Class A (a)(b) 70,144 2,450,130 
Aspen Technology, Inc. (b) 316,092 36,464,373 
Asure Software, Inc. (a)(b) 56,901 855,222 
Avaya Holdings Corp. (a)(b) 467,440 10,919,398 
Aware, Inc. (b) 24,042 85,349 
Black Knight, Inc. (b) 626,017 33,429,308 
Blackbaud, Inc. 216,943 22,685,730 
Bottomline Technologies, Inc. (b) 158,373 10,447,867 
BSQUARE Corp. (b) 35,232 81,034 
Cardlytics, Inc. (a)(b) 33,762 688,407 
CDK Global, Inc. 549,282 34,231,254 
Ceridian HCM Holding, Inc. (a) 96,980 3,733,730 
CommVault Systems, Inc. (b) 193,014 13,443,425 
Datawatch Corp. (b) 54,004 688,551 
Digimarc Corp. (a)(b) 51,774 1,529,922 
Digital Turbine, Inc. (a)(b) 234,348 328,087 
Ebix, Inc. 101,347 8,072,289 
Ellie Mae, Inc. (a)(b) 153,926 16,219,183 
Everbridge, Inc. (a)(b) 80,489 4,846,243 
Evolving Systems, Inc. (b) 27,005 61,436 
Fair Isaac Corp. (b) 132,117 30,516,385 
Finjan Holdings, Inc. (b) 50,868 223,311 
FireEye, Inc. (a)(b) 807,674 13,407,388 
Forescout Technologies, Inc. (b) 99,448 3,587,089 
Fortinet, Inc. (b) 644,919 54,018,415 
Globalscape, Inc. 28,877 114,064 
Glu Mobile, Inc. (b) 487,546 3,754,104 
GSE Systems, Inc. (b) 32,533 108,986 
Guidewire Software, Inc. (a)(b) 356,649 35,868,190 
HubSpot, Inc. (a)(b) 160,052 22,999,472 
Imperva, Inc. (b) 148,674 7,009,979 
Inseego Corp. (a)(b) 191,007 597,852 
Majesco (b) 51,570 368,726 
MAM Software Group, Inc. (b) 1,166 9,375 
Manhattan Associates, Inc. (a)(b) 297,348 17,243,211 
MicroStrategy, Inc. Class A (b) 44,348 6,607,852 
Mitek Systems, Inc. (a)(b) 151,799 1,100,543 
MobileIron, Inc. (b) 254,713 1,248,094 
Model N, Inc. (b) 118,318 2,011,406 
Monotype Imaging Holdings, Inc. 194,093 3,998,316 
NetSol Technologies, Inc. (b) 36,495 215,321 
Nuance Communications, Inc. (b) 1,215,134 19,830,987 
NXT-ID, Inc. (a)(b) 86,540 147,983 
Onespan, Inc. (b) 140,203 2,628,806 
Parametric Technology Corp. (b) 512,569 51,226,146 
Park City Group, Inc. (a)(b) 64,528 545,262 
Paycom Software, Inc. (a)(b) 216,789 33,628,310 
Paylocity Holding Corp. (a)(b) 122,902 9,763,335 
Pegasystems, Inc. 168,031 10,703,575 
Pivotal Software, Inc. (a) 176,475 4,897,181 
Pluralsight, Inc. (a) 95,559 3,265,251 
Progress Software Corp. 207,752 8,503,289 
Proofpoint, Inc. (b) 225,679 26,776,813 
PROS Holdings, Inc. (a)(b) 151,649 5,592,815 
QAD, Inc.:   
Class A 29,880 1,812,222 
Class B 23,915 1,134,767 
Qualys, Inc. (b) 147,719 13,449,815 
Rapid7, Inc. (b) 182,961 6,979,962 
RealNetworks, Inc. (b) 88,984 284,749 
RealPage, Inc. (b) 320,648 20,008,435 
Red Violet, Inc. (a)(b) 23,864 184,946 
RingCentral, Inc. (a)(b) 298,721 27,825,861 
Rosetta Stone, Inc. (b) 75,204 1,188,223 
RumbleON, Inc. Class B 7,424 63,624 
SailPoint Technologies Holding, Inc. (b) 288,199 8,913,995 
SeaChange International, Inc. (b) 123,967 204,546 
SendGrid, Inc. (b) 54,973 1,993,871 
ServiceNow, Inc. (b) 787,878 154,707,724 
ShiftPixy, Inc. (a)(b) 15,135 50,551 
SITO Mobile Ltd. (a)(b) 74,241 147,740 
Smartsheet, Inc. (a) 62,648 1,862,525 
Smith Micro Software, Inc. (a)(b) 65,744 163,045 
Snap, Inc. Class A (a)(b) 1,137,231 12,395,818 
Sonic Foundry, Inc. (a)(b) 55,955 96,802 
Splunk, Inc. (b) 647,285 82,949,573 
SS&C Technologies Holdings, Inc. 892,623 52,968,249 
Tableau Software, Inc. (a)(b) 303,365 33,934,409 
TeleNav, Inc. (b) 138,127 773,511 
The Rubicon Project, Inc. (b) 185,651 738,891 
TiVo Corp. 566,150 7,727,948 
Tyler Technologies, Inc. (a)(b) 158,771 39,208,498 
Ultimate Software Group, Inc. (a)(b) 129,249 40,024,538 
Upland Software, Inc. (b) 48,426 1,802,416 
Varonis Systems, Inc. (b) 89,746 6,632,229 
Verint Systems, Inc. (b) 288,088 13,986,672 
VirnetX Holding Corp. (a)(b) 224,849 753,244 
VMware, Inc. Class A (a)(b) 309,688 47,462,783 
Workday, Inc. Class A (a)(b) 652,657 100,861,613 
Workiva, Inc. (a)(b) 120,722 4,448,606 
Zedge, Inc. (b) 22,584 66,171 
Zendesk, Inc. (b) 465,206 32,048,041 
Zix Corp. (b) 274,741 1,524,813 
Zscaler, Inc. (a)(b) 64,761 2,771,123 
Zuora, Inc. (a) 52,810 1,456,500 
Zynga, Inc. (b) 3,489,348 14,515,688 
  1,358,635,874 
Technology Hardware, Storage & Peripherals - 0.3%   
3D Systems Corp. (a)(b) 503,689 10,250,071 
Astro-Med, Inc. 70,231 1,555,617 
Avid Technology, Inc. (a)(b) 150,202 889,196 
CPI Card Group (a)(b) 14,163 44,755 
Cray, Inc. (b) 177,191 3,845,045 
Diebold Nixdorf, Inc. (a) 339,412 1,612,207 
Eastman Kodak Co. (a)(b) 178,692 580,749 
Electronics for Imaging, Inc. (a)(b) 196,301 6,829,312 
Everspin Technologies, Inc. (a)(b) 33,541 310,254 
Immersion Corp. (b) 136,771 1,589,279 
Intevac, Inc. (b) 81,125 468,497 
NCR Corp. (a)(b) 523,702 14,878,374 
Pure Storage, Inc. Class A (a)(b) 536,371 14,396,198 
Qualstar Corp. (a)(b) 11,767 95,901 
Quantum Corp. (a)(b) 140,061 282,923 
Transact Technologies, Inc. 27,805 392,051 
U.S.A. Technologies, Inc. (b) 239,730 3,895,613 
  61,916,042 
TOTAL INFORMATION TECHNOLOGY  4,691,988,751 
MATERIALS - 5.0%   
Chemicals - 2.4%   
A. Schulman, Inc. rights (b)(d) 134,313 256,538 
Advanced Emissions Solutions, Inc. (a) 92,967 1,061,683 
AdvanSix, Inc. (b) 140,165 4,743,184 
AgroFresh Solutions, Inc. (a)(b) 114,965 764,517 
American Vanguard Corp. 117,647 2,576,469 
Ashland Global Holdings, Inc. 278,165 23,421,493 
Axalta Coating Systems Ltd. (b) 983,977 30,011,299 
Balchem Corp. (a) 143,906 15,957,736 
Cabot Corp. 277,404 18,009,068 
Celanese Corp. Class A 606,549 70,863,120 
Chase Corp. 32,571 4,037,175 
Core Molding Technologies, Inc. 29,730 272,624 
Ferro Corp. (b) 376,167 8,256,866 
Flotek Industries, Inc. (a)(b) 264,681 659,056 
FutureFuel Corp. 102,472 1,519,660 
H.B. Fuller Co. 224,309 12,783,370 
Hawkins, Inc. 43,033 1,777,263 
Huntsman Corp. 937,897 28,596,480 
Ingevity Corp. (b) 188,967 19,087,557 
Innophos Holdings, Inc. 91,648 4,005,934 
Innospec, Inc. 114,722 8,902,427 
Intrepid Potash, Inc. (b) 450,889 1,533,023 
KMG Chemicals, Inc. 53,527 4,147,272 
Koppers Holdings, Inc. (b) 95,695 3,392,388 
Kraton Performance Polymers, Inc. (b) 141,371 6,648,678 
Kronos Worldwide, Inc. 98,226 1,977,289 
Loop Industries, Inc. (a)(b) 1,840 18,179 
LSB Industries, Inc. (a)(b) 90,767 791,488 
MagneGas Corp. (b) 481 96 
Marrone Bio Innovations, Inc. (a)(b) 133,190 277,701 
Minerals Technologies, Inc. 158,189 10,622,391 
NewMarket Corp. (a) 42,029 16,855,310 
Northern Technologies International Corp. 5,699 204,024 
Olin Corp. 747,477 22,969,968 
OMNOVA Solutions, Inc. (b) 197,283 1,785,411 
Platform Specialty Products Corp. (b) 968,588 12,843,477 
PolyOne Corp. 361,186 15,263,720 
PQ Group Holdings, Inc. (a) 141,606 2,520,587 
Quaker Chemical Corp. 60,655 10,926,392 
Rayonier Advanced Materials, Inc. 237,501 4,963,771 
RPM International, Inc. 598,621 40,406,918 
Senomyx, Inc. (a)(b) 173,392 199,401 
Sensient Technologies Corp. (a) 189,772 13,477,607 
Stepan Co. 90,484 8,072,078 
The Chemours Co. LLC 792,438 34,550,297 
The Scotts Miracle-Gro Co. Class A 173,383 12,955,178 
Trecora Resources (b) 73,260 1,025,640 
Tredegar Corp. 118,547 2,602,107 
Trinseo SA 194,714 15,022,185 
Tronox Ltd. Class A 426,311 6,901,975 
Valhi, Inc. 96,973 320,011 
Valvoline, Inc. 872,050 18,766,516 
Venator Materials PLC 214,416 2,590,145 
W.R. Grace & Co. 299,273 21,146,630 
Westlake Chemical Corp. 160,857 15,212,246 
  568,553,618 
Construction Materials - 0.2%   
Eagle Materials, Inc. 211,268 19,506,374 
Forterra, Inc. (a)(b) 86,988 735,918 
Foundation Building Materials, Inc. (b) 59,843 826,432 
nVent Electric PLC 727,207 20,427,245 
Summit Materials, Inc. (a) 496,820 10,567,361 
Tecnoglass, Inc. (a) 22,511 210,928 
U.S. Concrete, Inc. (a)(b) 74,738 3,602,372 
United States Lime & Minerals, Inc. 10,066 763,909 
  56,640,539 
Containers & Packaging - 0.8%   
Aptargroup, Inc. 278,266 29,137,233 
Bemis Co., Inc. 405,500 19,983,040 
Berry Global Group, Inc. (b) 583,510 27,850,932 
Crown Holdings, Inc. (a)(b) 599,711 25,673,628 
Graphic Packaging Holding Co. 1,373,376 19,529,407 
Greif, Inc.:   
Class A 127,041 7,010,122 
Class B 6,373 362,305 
Myers Industries, Inc. 125,306 2,788,059 
Owens-Illinois, Inc. (b) 726,460 12,836,548 
Silgan Holdings, Inc. 332,687 9,065,721 
Sonoco Products Co. 444,581 24,914,319 
UFP Technologies, Inc. (b) 22,187 782,092 
  179,933,406 
Metals & Mining - 1.2%   
AK Steel Holding Corp. (a)(b) 1,414,277 6,279,390 
Alcoa Corp. (b) 776,561 34,688,980 
Allegheny Technologies, Inc. (a)(b) 557,008 15,055,926 
Ampco-Pittsburgh Corp. (b) 38,813 293,038 
Atkore International Group, Inc. (b) 182,585 4,999,177 
Carpenter Technology Corp. 209,937 12,526,941 
Century Aluminum Co. (a)(b) 227,020 2,864,992 
Cleveland-Cliffs, Inc. (a)(b) 1,327,574 13,342,119 
Coeur d'Alene Mines Corp. (a)(b) 857,086 4,868,248 
Commercial Metals Co. (a) 528,765 11,421,324 
Compass Minerals International, Inc. (a) 154,492 9,663,475 
Comstock Mining, Inc. (a)(b) 43,965 7,694 
Friedman Industries 25,968 268,249 
General Moly, Inc. (b) 199,078 77,640 
Gold Resource Corp. 254,210 1,311,724 
Golden Minerals Co. (a)(b) 162,066 44,374 
Haynes International, Inc. 54,352 2,141,469 
Hecla Mining Co. (a) 2,145,563 6,093,399 
Kaiser Aluminum Corp. 75,360 8,258,702 
Materion Corp. 88,833 5,667,545 
McEwen Mining, Inc. (a) 1,170,839 2,306,553 
Olympic Steel, Inc. 41,185 907,717 
Paramount Gold Nevada Corp. (a)(b) 22,322 22,992 
Pershing Gold Corp. (a)(b) 67,767 88,775 
Reliance Steel & Aluminum Co. 322,506 28,345,052 
Royal Gold, Inc. 293,926 22,414,797 
Ryerson Holding Corp. (b) 75,567 785,897 
Schnitzer Steel Industries, Inc. Class A (a) 129,052 3,400,520 
Solitario Exploration & Royalty Corp. (b) 56,754 21,464 
Steel Dynamics, Inc. 1,049,972 48,015,220 
SunCoke Energy, Inc. (b) 290,025 3,236,679 
Synalloy Corp. (a) 36,188 830,515 
TimkenSteel Corp. (a)(b) 177,269 2,483,539 
U.S. Antimony Corp. (b) 112,677 67,606 
U.S. Gold Corp. 271 309 
United States Steel Corp. 784,075 23,271,346 
Universal Stainless & Alloy Products, Inc. (b) 38,127 1,154,486 
Warrior Metropolitan Coal, Inc. (a) 193,102 4,644,103 
Worthington Industries, Inc. 195,706 9,115,985 
  290,987,961 
Paper & Forest Products - 0.4%   
Boise Cascade Co. 180,079 7,869,452 
Clearwater Paper Corp. (b) 73,623 2,138,748 
Domtar Corp. 285,301 14,521,821 
Kapstone Paper & Packaging Corp. 390,949 13,429,098 
Louisiana-Pacific Corp. 649,846 18,949,509 
Mercer International, Inc. (SBI) 214,087 3,789,340 
Neenah, Inc. 79,790 7,280,838 
P.H. Glatfelter Co. 192,702 3,705,659 
Resolute Forest Products (b) 407,572 5,604,115 
Schweitzer-Mauduit International, Inc. 137,070 5,577,378 
Verso Corp. (b) 152,411 4,784,181 
  87,650,139 
TOTAL MATERIALS  1,183,765,663 
REAL ESTATE - 8.0%   
Equity Real Estate Investment Trusts (REITs) - 7.5%   
Acadia Realty Trust (SBI) 372,096 10,612,178 
Agree Realty Corp. 142,365 8,124,771 
Alexander & Baldwin, Inc. 312,016 7,323,016 
Alexanders, Inc. 17,139 6,185,979 
American Assets Trust, Inc. 196,857 7,775,852 
American Campus Communities, Inc. 607,152 25,457,883 
American Homes 4 Rent Class A 1,135,265 26,338,148 
Americold Realty Trust 210,074 5,230,843 
Apple Hospitality (REIT), Inc. 977,818 17,258,488 
Armada Hoffler Properties, Inc. 218,174 3,401,333 
Ashford Hospitality Trust, Inc. 421,427 2,735,061 
Bluerock Residential Growth (REIT), Inc. (a) 97,765 966,896 
Braemar Hotels & Resorts, Inc. 138,266 1,596,972 
Brandywine Realty Trust (SBI) 796,532 13,349,876 
Brixmor Property Group, Inc. 1,346,958 24,541,575 
BRT Realty Trust 35,820 461,003 
Camden Property Trust (SBI) 409,530 38,929,922 
CareTrust (REIT), Inc. 361,368 6,667,240 
CatchMark Timber Trust, Inc. 220,765 2,768,393 
CBL & Associates Properties, Inc. (a) 772,823 3,446,791 
Cedar Realty Trust, Inc. 348,746 1,558,895 
Chatham Lodging Trust 215,213 4,616,319 
Chesapeake Lodging Trust 269,215 8,859,866 
CIM Commercial Trust Corp. 62,574 976,154 
City Office REIT, Inc. 163,548 2,111,405 
Clipper Realty, Inc. 58,110 708,942 
Colony NorthStar, Inc. (a) 2,210,417 13,549,856 
Columbia Property Trust, Inc. 544,617 13,114,377 
Community Healthcare Trust, Inc. 84,297 2,615,736 
Condor Hospitality Trust, Inc. 248 2,592 
CorEnergy Infrastructure Trust, Inc. (a) 53,602 2,006,323 
CorePoint Lodging, Inc. (b) 181,624 3,786,860 
CoreSite Realty Corp. 161,703 18,833,548 
Corporate Office Properties Trust (SBI) 466,030 14,344,403 
Corrections Corp. of America 534,554 13,839,603 
Cousins Properties, Inc. 1,862,664 17,415,908 
CubeSmart 813,933 24,865,653 
CyrusOne, Inc. 441,382 29,554,939 
DDR Corp. 679,563 9,507,086 
DiamondRock Hospitality Co. 898,155 10,741,934 
Douglas Emmett, Inc. 698,986 27,302,393 
Easterly Government Properties, Inc. 267,657 5,420,054 
EastGroup Properties, Inc. 155,987 15,172,855 
Education Realty Trust, Inc. 357,229 14,782,136 
Empire State Realty Trust, Inc. 606,613 10,670,323 
EPR Properties 289,117 20,290,231 
Equity Commonwealth (b) 541,840 17,371,390 
Equity Lifestyle Properties, Inc. 394,869 38,254,909 
Farmland Partners, Inc. (a) 178,574 1,260,732 
First Industrial Realty Trust, Inc. 546,807 17,749,355 
Forest City Realty Trust, Inc. Class A 1,196,795 30,099,394 
Four Corners Property Trust, Inc. 309,736 8,344,288 
Franklin Street Properties Corp. 492,298 4,218,994 
Front Yard Residential Corp. Class B 237,862 2,906,674 
Gaming & Leisure Properties 888,259 31,790,790 
Getty Realty Corp. 153,683 4,473,712 
Gladstone Commercial Corp. 160,908 3,203,678 
Gladstone Land Corp. (a) 65,467 896,898 
Global Medical REIT, Inc. (a) 86,806 830,733 
Global Net Lease, Inc. 340,989 7,396,051 
Global Self Storage, Inc. 69,168 293,272 
Government Properties Income Trust (a) 440,563 7,449,920 
Gramercy Property Trust 698,536 19,104,960 
Healthcare Realty Trust, Inc. 565,897 17,520,171 
Healthcare Trust of America, Inc. 919,938 26,282,629 
Hersha Hospitality Trust 176,585 4,167,406 
Highwoods Properties, Inc. (SBI) 456,089 22,685,867 
Hospitality Properties Trust (SBI) 739,283 21,431,814 
Hudson Pacific Properties, Inc. 699,512 23,671,486 
Independence Realty Trust, Inc. 384,410 3,970,955 
Industrial Logistics Properties Trust 93,306 2,245,875 
InfraReit, Inc. 177,881 3,715,934 
Investors Real Estate Trust 557,381 3,037,726 
Invitation Homes, Inc. 1,269,933 29,678,334 
iStar Financial, Inc. (a) 328,567 3,676,665 
JBG SMITH Properties 424,286 15,893,754 
Jernigan Capital, Inc. 77,285 1,546,473 
Kilroy Realty Corp. 439,609 32,153,002 
Kite Realty Group Trust 372,502 6,511,335 
Lamar Advertising Co. Class A 372,834 28,726,860 
LaSalle Hotel Properties (SBI) 491,874 17,269,696 
Lexington Corporate Properties Trust 974,247 9,099,467 
Liberty Property Trust (SBI) 652,680 28,554,750 
Life Storage, Inc. 204,530 19,962,128 
LTC Properties, Inc. 182,502 8,477,218 
Mack-Cali Realty Corp. 421,592 9,207,569 
MedEquities Realty Trust, Inc. 140,497 1,504,723 
Medical Properties Trust, Inc. 1,634,802 24,603,770 
Monmouth Real Estate Investment Corp. Class A 359,421 6,250,331 
National Health Investors, Inc. 188,801 14,962,479 
National Retail Properties, Inc. 682,478 31,455,411 
National Storage Affiliates Trust 250,833 7,113,624 
New Senior Investment Group, Inc. 361,016 2,288,841 
NexPoint Residential Trust, Inc. 105,661 3,412,850 
NorthStar Realty Europe Corp. 259,554 3,561,081 
Omega Healthcare Investors, Inc. (a) 884,743 29,240,756 
One Liberty Properties, Inc. 71,120 2,047,545 
Outfront Media, Inc. 628,891 12,496,064 
Paramount Group, Inc. 931,818 14,797,270 
Park Hotels & Resorts, Inc. 894,644 29,925,842 
Pebblebrook Hotel Trust (a) 304,800 11,768,328 
Pennsylvania Real Estate Investment Trust (SBI) 306,593 3,127,249 
Physicians Realty Trust 840,176 14,694,678 
Piedmont Office Realty Trust, Inc. Class A 585,487 11,616,062 
Plymouth Industrial REIT, Inc. 2,621 42,277 
Potlatch Corp. 270,196 13,050,467 
Power (REIT) (b) 1,204 7,284 
Preferred Apartment Communities, Inc. Class A 177,055 3,155,120 
PS Business Parks, Inc. 91,900 11,986,517 
QTS Realty Trust, Inc. Class A 230,116 10,523,205 
Ramco-Gershenson Properties Trust (SBI) 365,581 5,103,511 
Rayonier, Inc. 572,166 19,928,542 
Regional Health Properties, Inc. (b) 39,804 5,175 
Retail Opportunity Investments Corp. 508,249 10,032,835 
Retail Properties America, Inc. 988,866 12,588,264 
Rexford Industrial Realty, Inc. 406,788 13,220,610 
RLJ Lodging Trust 784,724 17,193,303 
Ryman Hospitality Properties, Inc. 228,284 20,255,639 
Sabra Health Care REIT, Inc. 799,559 18,853,601 
Safety Income and Growth, Inc. 45,219 746,114 
Saul Centers, Inc. 57,521 3,451,260 
Select Income REIT 303,418 6,235,240 
Senior Housing Properties Trust (SBI) 1,081,837 20,673,905 
Seritage Growth Properties (a) 117,633 6,055,747 
Sotherly Hotels, Inc. 41,362 304,838 
Spirit MTA REIT (a) 195,715 2,098,065 
Spirit Realty Capital, Inc. 1,871,385 15,663,492 
Stag Industrial, Inc. 466,598 13,470,684 
Store Capital Corp. 755,979 21,779,755 
Summit Hotel Properties, Inc. 480,511 6,597,416 
Sun Communities, Inc. 355,413 36,671,513 
Sunstone Hotel Investors, Inc. 997,120 16,731,674 
Tanger Factory Outlet Centers, Inc. (a) 427,343 10,281,873 
Taubman Centers, Inc. 273,065 17,642,730 
Terreno Realty Corp. 242,580 9,317,498 
The GEO Group, Inc. 547,300 13,885,001 
TIER REIT, Inc. 226,769 5,406,173 
UMH Properties, Inc. 171,977 2,744,753 
Uniti Group, Inc. (a) 732,806 15,257,021 
Universal Health Realty Income Trust (SBI) 64,392 4,909,890 
Urban Edge Properties 491,167 11,228,078 
Urstadt Biddle Properties, Inc. Class A 143,066 3,254,752 
VEREIT, Inc. 4,256,407 33,285,103 
Washington Prime Group, Inc. 852,809 6,600,742 
Washington REIT (SBI) 354,011 11,172,587 
Weingarten Realty Investors (SBI) 543,638 16,814,723 
Wheeler REIT, Inc. (a) 33,737 185,891 
Whitestone REIT Class B 177,576 2,422,137 
WP Carey, Inc. 480,202 31,971,849 
Xenia Hotels & Resorts, Inc. 486,556 11,803,849 
  1,774,431,082 
Real Estate Management & Development - 0.5%   
Altisource Asset Management Corp. (a)(b) 2,426 150,533 
Altisource Portfolio Solutions SA (a)(b) 52,112 1,883,849 
American Realty Investments, Inc. (a)(b) 1,984 33,530 
Boston Omaha Corp. (b) 14,617 379,457 
Consolidated-Tomoka Land Co. 23,748 1,490,899 
Forestar Group, Inc. (a)(b) 47,373 1,217,486 
FRP Holdings, Inc. (a)(b) 40,472 2,642,822 
Griffin Industrial Realty, Inc. 7,815 313,382 
HFF, Inc. 169,808 7,710,981 
Howard Hughes Corp. (b) 171,471 22,354,674 
InterGroup Corp. (b) 829 23,046 
J.W. Mays, Inc. (b) 15 552 
Jones Lang LaSalle, Inc. 201,104 30,672,382 
Kennedy-Wilson Holdings, Inc. 565,207 12,123,690 
Marcus & Millichap, Inc. (b) 69,555 2,532,498 
Maui Land & Pineapple, Inc. (a)(b) 29,867 379,311 
RE/MAX Holdings, Inc. 80,431 3,961,227 
Realogy Holdings Corp. (a) 573,287 12,262,609 
Redfin Corp. (a)(b) 301,086 5,964,514 
Retail Value, Inc. (b) 67,956 2,427,388 
Stratus Properties, Inc. (b) 12,564 381,946 
Tejon Ranch Co. (b) 78,871 1,753,302 
The St. Joe Co. (a)(b) 299,484 5,151,125 
Transcontinental Realty Investors, Inc. (b) 1,482 45,038 
Trinity Place Holdings, Inc. (b) 36,266 221,223 
VICI Properties, Inc. 307,534 6,430,536 
  122,508,000 
TOTAL REAL ESTATE  1,896,939,082 
TELECOMMUNICATION SERVICES - 0.9%   
Diversified Telecommunication Services - 0.3%   
Alaska Communication Systems Group, Inc. (b) 193,163 380,531 
Atlantic Tele-Network, Inc. 48,210 3,530,418 
Bandwidth, Inc. (b) 21,076 960,223 
Cincinnati Bell, Inc. (a)(b) 249,327 3,241,251 
Cogent Communications Group, Inc. 191,000 10,447,700 
Consolidated Communications Holdings, Inc. (a) 281,112 3,319,933 
Frontier Communications Corp. (a) 338,667 1,761,068 
Globalstar, Inc. (a)(b) 1,855,563 946,152 
IDT Corp. Class B 87,883 464,901 
Iridium Communications, Inc. (a)(b) 370,667 7,506,007 
Ooma, Inc. (a)(b) 84,984 1,359,744 
ORBCOMM, Inc. (a)(b) 350,299 3,779,726 
Pareteum Corp. (a)(b) 235,335 649,525 
PDVWireless, Inc. (a)(b) 45,082 1,354,714 
Vonage Holdings Corp. (b) 968,785 13,737,371 
WideOpenWest, Inc. (a)(b) 109,124 1,271,295 
Windstream Holdings, Inc. (a)(b) 177,891 837,867 
Zayo Group Holdings, Inc. (b) 831,613 28,823,707 
  84,372,133 
Wireless Telecommunication Services - 0.6%   
Airgain, Inc. (a)(b) 23,662 281,578 
Boingo Wireless, Inc. (b) 185,532 6,137,399 
NII Holdings, Inc. (a)(b) 448,686 2,575,458 
Shenandoah Telecommunications Co. 213,485 8,144,453 
Spok Holdings, Inc. 116,484 1,788,029 
Sprint Corp. (a)(b) 3,031,680 18,523,565 
T-Mobile U.S., Inc. (b) 1,310,242 86,528,382 
Telephone & Data Systems, Inc. 415,942 12,494,898 
U.S. Cellular Corp. (b) 72,809 3,113,313 
  139,587,075 
TOTAL TELECOMMUNICATION SERVICES  223,959,208 
UTILITIES - 2.5%   
Electric Utilities - 0.8%   
Allete, Inc. 232,015 17,419,686 
El Paso Electric Co. 185,600 11,377,280 
Genie Energy Ltd. Class B 64,409 348,453 
Hawaiian Electric Industries, Inc. 486,223 17,149,085 
IDACORP, Inc. 225,642 22,079,070 
MGE Energy, Inc. 163,374 10,692,828 
OGE Energy Corp. 874,119 32,193,803 
Otter Tail Corp. 182,270 8,730,733 
PNM Resources, Inc. 364,146 14,183,487 
Portland General Electric Co. (a) 398,302 18,481,213 
Spark Energy, Inc. Class A, (a) 72,291 636,161 
Vistra Energy Corp. (a)(b) 1,649,766 38,835,492 
  192,127,291 
Gas Utilities - 0.9%   
Atmos Energy Corp. 489,909 45,184,307 
Chesapeake Utilities Corp. 75,906 6,527,916 
National Fuel Gas Co. (a) 382,293 21,228,730 
New Jersey Resources Corp. 387,559 17,672,690 
Northwest Natural Gas Co. 133,892 8,689,591 
ONE Gas, Inc. (a) 235,681 18,508,029 
RGC Resources, Inc. 49,903 1,343,888 
South Jersey Industries, Inc. (a) 390,004 12,940,333 
Southwest Gas Holdings, Inc. 217,009 16,779,136 
Spire, Inc. 224,778 16,757,200 
UGI Corp. 763,437 41,263,770 
  206,895,590 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Yield, Inc.:   
Class A 157,222 3,095,701 
Class C 315,291 6,258,526 
Ormat Technologies, Inc. 164,658 8,669,244 
Pattern Energy Group, Inc. (a) 392,135 7,991,711 
Terraform Power, Inc. 261,899 2,928,031 
  28,943,213 
Multi-Utilities - 0.4%   
Avangrid, Inc. 251,188 12,393,616 
Avista Corp. 290,526 14,906,889 
Black Hills Corp. (a) 238,151 14,015,186 
MDU Resources Group, Inc. 870,570 24,280,197 
NorthWestern Energy Corp. 218,961 13,128,902 
Unitil Corp. 67,222 3,398,072 
Vectren Corp. 366,890 26,122,568 
  108,245,430 
Water Utilities - 0.3%   
American States Water Co. 166,324 10,050,959 
Aqua America, Inc. 801,730 29,808,321 
AquaVenture Holdings Ltd. (a)(b) 59,399 1,079,874 
Artesian Resources Corp. Class A 37,388 1,343,351 
Cadiz, Inc. (a)(b) 98,444 945,062 
California Water Service Group 224,474 9,237,105 
Connecticut Water Service, Inc. 58,641 4,017,495 
Middlesex Water Co. 73,108 3,348,346 
Pure Cycle Corp. (b) 68,372 769,185 
Select Energy Services, Inc. Class A (b) 262,669 3,585,432 
SJW Corp. 75,793 4,389,173 
York Water Co. 56,219 1,692,192 
  70,266,495 
TOTAL UTILITIES  606,478,019 
TOTAL COMMON STOCKS   
(Cost $15,861,077,429)  23,719,306,132 
 Principal Amount Value 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 2.07% 1/3/19 (e)   
(Cost $4,964,660) 5,000,000 4,964,330 
 Shares Value 
Money Market Funds - 16.5%   
Fidelity Cash Central Fund, 1.97% (f) 107,959,445 $107,981,037 
Fidelity Securities Lending Cash Central Fund 1.98% (f)(g) 3,803,419,382 3,803,799,724 
TOTAL MONEY MARKET FUNDS   
(Cost $3,911,786,459)  3,911,780,761 
TOTAL INVESTMENT IN SECURITIES - 116.4%   
(Cost $19,777,828,548)  27,636,051,223 
NET OTHER ASSETS (LIABILITIES) - (16.4)%  (3,892,793,524) 
NET ASSETS - 100%  $23,743,257,699 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini Russell 2000 Index Contracts (United States) 231 Sept. 2018 $20,103,930 $926,979 $926,979 
CME E-mini S&P MidCap 400 Index Contracts (United States) 65 Sept. 2018 13,296,400 533,751 533,751 
TOTAL FUTURES CONTRACTS     $1,460,730 

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) 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 $0 or 0.0% of net assets.

 (d) Level 3 security

 (e) 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 $4,834,265.

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $648,100 
Fidelity Securities Lending Cash Central Fund 17,104,970 
Total $17,753,070 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $3,349,752,384 $3,349,752,384 $-- $-- 
Consumer Staples 666,601,674 666,601,674 -- -- 
Energy 1,019,687,266 1,019,687,266 -- -- 
Financials 3,862,381,265 3,862,381,265 -- -- 
Health Care 3,020,157,435 3,017,919,341 -- 2,238,094 
Industrials 3,197,595,385 3,197,595,385 -- -- 
Information Technology 4,691,988,751 4,691,988,751 -- -- 
Materials 1,183,765,663 1,183,509,125 -- 256,538 
Real Estate 1,896,939,082 1,896,939,082 -- -- 
Telecommunication Services 223,959,208 223,959,208 -- -- 
Utilities 606,478,019 606,478,019 -- -- 
U.S. Government and Government Agency Obligations 4,964,330 -- 4,964,330 -- 
Money Market Funds 3,911,780,761 3,911,780,761 -- -- 
Total Investments in Securities: $27,636,051,223 $27,628,592,261 $4,964,330 $2,494,632 
Derivative Instruments:     
Assets     
Futures Contracts $1,460,730 $1,460,730 $-- $-- 
Total Assets $1,460,730 $1,460,730 $-- $-- 
Total Derivative Instruments: $1,460,730 $1,460,730 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $1,460,730 $0 
Total Equity Risk 1,460,730 0 
Total Value of Derivatives $1,460,730 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Fidelity® Extended Market Index Fund

Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $3,718,613,875) — See accompanying schedule:
Unaffiliated issuers (cost $15,866,042,089) 		$23,724,270,462  
Fidelity Central Funds (cost $3,911,786,459) 3,911,780,761  
Total Investment in Securities (cost $19,777,828,548)  $27,636,051,223 
Receivable for fund shares sold  27,135,728 
Dividends receivable  16,220,131 
Distributions receivable from Fidelity Central Funds  2,491,973 
Receivable for daily variation margin on futures contracts  369,589 
Other receivables  521,688 
Total assets  27,682,790,332 
Liabilities   
Payable to custodian bank $1,002,169  
Payable for investments purchased 25,258,948  
Payable for fund shares redeemed 107,781,491  
Accrued management fee 874,191  
Other payables and accrued expenses 487,606  
Collateral on securities loaned 3,804,128,228  
Total liabilities  3,939,532,633 
Net Assets  $23,743,257,699 
Net Assets consist of:   
Paid in capital  $14,755,154,514 
Undistributed net investment income  176,619,382 
Accumulated undistributed net realized gain (loss) on investments  951,800,398 
Net unrealized appreciation (depreciation) on investments  7,859,683,405 
Net Assets  $23,743,257,699 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($678,899,018 ÷ 9,716,114 shares)  $69.87 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($20,176,007,521 ÷ 288,727,041 shares)  $69.88 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($2,888,351,160 ÷ 41,343,882 shares)  $69.86 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $166,578,276 
Interest  36,888 
Income from Fidelity Central Funds (including $17,104,970 from security lending)  17,753,070 
Total income  184,368,234 
Expenses   
Management fee $5,064,112  
Transfer agent fees 2,085,138  
Independent trustees' fees and expenses 55,951  
Commitment fees 30,258  
Total expenses before reductions 7,235,459  
Expense reductions (9,943)  
Total expenses after reductions  7,225,516 
Net investment income (loss)  177,142,718 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 1,005,864,804  
Fidelity Central Funds (45,448)  
Futures contracts 7,002,750  
Total net realized gain (loss)  1,012,822,106 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,638,883,596  
Fidelity Central Funds (5,698)  
Futures contracts 2,859,263  
Total change in net unrealized appreciation (depreciation)  1,641,737,161 
Net gain (loss)  2,654,559,267 
Net increase (decrease) in net assets resulting from operations  $2,831,701,985 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $177,142,718 $273,456,537 
Net realized gain (loss) 1,012,822,106 745,065,670 
Change in net unrealized appreciation (depreciation) 1,641,737,161 1,344,378,810 
Net increase (decrease) in net assets resulting from operations 2,831,701,985 2,362,901,017 
Distributions to shareholders from net investment income (19,801,270) (264,767,116) 
Distributions to shareholders from net realized gain – (891,671,964) 
Total distributions (19,801,270) (1,156,439,080) 
Share transactions - net increase (decrease) (327,974,128) 795,717,146 
Total increase (decrease) in net assets 2,483,926,587 2,002,179,083 
Net Assets   
Beginning of period 21,259,331,112 19,257,152,029 
End of period $23,743,257,699 $21,259,331,112 
Other Information   
Undistributed net investment income end of period $176,619,382 $19,277,934 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Extended Market Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $61.69 $58.10 $46.00 $57.40 $55.29 $43.12 
Income from Investment Operations       
Net investment income (loss)B .51 .79 .77 .75 .74 .67 
Net realized and unrealized gain (loss) 7.72 6.25 14.00 (8.99) 3.62 13.09 
Total from investment operations 8.23 7.04 14.77 (8.24) 4.36 13.76 
Distributions from net investment income (.05) (.77) (.74) (.71) (.70) (.54) 
Distributions from net realized gain – (2.67) (1.93) (2.45) (1.55) (1.06) 
Total distributions (.05) (3.45)C (2.67) (3.16) (2.25) (1.60) 
Redemption fees added to paid in capitalB – – –D –D –D .01 
Net asset value, end of period $69.87 $61.69 $58.10 $46.00 $57.40 $55.29 
Total ReturnE,F 13.35% 12.29% 32.50% (14.86)% 8.23% 32.38% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .09%I .10% .10% .10% .10% .10% 
Expenses net of fee waivers, if any .09%I .10% .10% .10% .10% .10% 
Expenses net of all reductions .09%I .10% .10% .10% .10% .10% 
Net investment income (loss) 1.55%I 1.32% 1.47% 1.39% 1.36% 1.35% 
Supplemental Data       
Net assets, end of period (000 omitted) $678,899 $688,756 $815,223 $1,392,793 $1,992,558 $1,803,152 
Portfolio turnover rateJ 11%I,K 11% 12% 12%K 7% 14% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $3.45 per share is comprised of distributions from net investment income of $.774 and distributions from net realized gain of $2.674 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity Extended Market Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $61.70 $58.11 $46.00 $57.40 $55.30 $43.12 
Income from Investment Operations       
Net investment income (loss)B .51 .81 .80 .77 .76 .68 
Net realized and unrealized gain (loss) 7.73 6.25 13.99 (8.99) 3.61 13.11 
Total from investment operations 8.24 7.06 14.79 (8.22) 4.37 13.79 
Distributions from net investment income (.06) (.79) (.75) (.73) (.72) (.56) 
Distributions from net realized gain – (2.67) (1.93) (2.45) (1.55) (1.06) 
Total distributions (.06) (3.47)C (2.68) (3.18) (2.27) (1.62) 
Redemption fees added to paid in capitalB – – –D –D –D .01 
Net asset value, end of period $69.88 $61.70 $58.11 $46.00 $57.40 $55.30 
Total ReturnE,F 13.36% 12.32% 32.56% (14.83)% 8.24% 32.44% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .07%I .07% .07% .07% .07% .07% 
Expenses net of fee waivers, if any .07%I .07% .07% .07% .07% .07% 
Expenses net of all reductions .07%I .07% .07% .07% .07% .07% 
Net investment income (loss) 1.57%I 1.35% 1.49% 1.42% 1.39% 1.38% 
Supplemental Data       
Net assets, end of period (000 omitted) $20,176,008 $17,585,375 $16,222,551 $11,837,818 $13,356,931 $12,280,754 
Portfolio turnover rateJ 11%I,K 11% 12% 12%K 7% 14% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $3.47 per share is comprised of distributions from net investment income of $.793 and distributions from net realized gain of $2.674 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity Extended Market Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $61.68 $58.09 $45.99 $57.39 $55.28 $43.11 
Income from Investment Operations       
Net investment income (loss)B .52 .83 .81 .76 .76 .72 
Net realized and unrealized gain (loss) 7.72 6.24 13.98 (8.98) 3.63 13.06 
Total from investment operations 8.24 7.07 14.79 (8.22) 4.39 13.78 
Distributions from net investment income (.06) (.81) (.76) (.73) (.72) (.56) 
Distributions from net realized gain – (2.67) (1.93) (2.45) (1.55) (1.06) 
Total distributions (.06) (3.48) (2.69) (3.18) (2.28)C (1.62) 
Redemption fees added to paid in capitalB – – –D –D –D .01 
Net asset value, end of period $69.86 $61.68 $58.09 $45.99 $57.39 $55.28 
Total ReturnE,F 13.37% 12.35% 32.58% (14.83)% 8.27% 32.44% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .05%I .05% .05% .07% .07% .07% 
Expenses net of fee waivers, if any .05%I .05% .05% .06% .06% .06% 
Expenses net of all reductions .05%I .05% .05% .06% .06% .06% 
Net investment income (loss) 1.59%I 1.37% 1.52% 1.43% 1.40% 1.39% 
Supplemental Data       
Net assets, end of period (000 omitted) $2,888,351 $2,985,201 $2,219,377 $1,109,249 $754,325 $95,747 
Portfolio turnover rateJ 11%I,K 11% 12% 12%K 7% 14% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Total distributions of $2.28. per share is comprised of distributions from net investment income of $.722 and distributions from net realized gain of $1.553 per share.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity® International Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.8 
Novartis AG (Switzerland, Pharmaceuticals) 1.2 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 1.2 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 1.2 
Total SA (France, Oil, Gas & Consumable Fuels) 1.0 
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) 1.0 
Toyota Motor Corp. (Japan, Automobiles) 1.0 
BP PLC (United Kingdom, Oil, Gas & Consumable Fuels) 1.0 
Royal Dutch Shell PLC Class B (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) 0.9 
SAP SE (Germany, Software) 0.8 
 11.1 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Financials 19.1 
Industrials 13.5 
Consumer Discretionary 12.0 
Consumer Staples 11.3 
Health Care 11.2 
Materials 7.8 
Information Technology 7.0 
Energy 6.1 
Telecommunication Services 3.7 
Real Estate 3.6 

Geographic Diversification (% of fund's net assets)

As of August 31, 2018 
   Japan 23.8% 
   United Kingdom 15.7% 
   France 10.2% 
   Germany 9.4% 
   Switzerland 8.2% 
   Australia 6.7% 
   Netherlands 4.5% 
   Spain 2.9% 
   Sweden 2.6% 
   Other* 16.0% 


 * Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and include the effect of foreign currency contracts, futures contracts, options and swaps, as applicable. Foreign currency contracts and other assets and liabilities are included within the United States of America, as applicable.

Fidelity® International Index Fund

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.9%   
 Shares Value 
Australia - 6.7%   
AGL Energy Ltd. 1,018,115 $15,209,357 
Alumina Ltd. 3,800,444 7,868,561 
Amcor Ltd. 1,796,238 18,465,812 
AMP Ltd. 4,551,496 10,928,715 
APA Group unit 1,835,900 13,198,285 
Aristocrat Leisure Ltd. 890,934 20,233,157 
ASX Ltd. 300,769 14,625,312 
Aurizon Holdings Ltd. 3,095,069 9,345,189 
Australia & New Zealand Banking Group Ltd. 4,521,667 95,893,479 
Bank of Queensland Ltd. 616,785 5,094,743 
Bendigo & Adelaide Bank Ltd. 755,910 6,298,281 
BHP Billiton Ltd. 4,992,196 119,924,437 
BlueScope Steel Ltd. 861,181 10,716,673 
Boral Ltd. 1,830,136 9,209,793 
Brambles Ltd. 2,469,098 19,472,129 
Caltex Australia Ltd. 406,245 8,822,816 
Challenger Ltd. 849,993 6,617,779 
Cimic Group Ltd. 150,508 5,332,106 
Coca-Cola Amatil Ltd. 792,074 5,346,873 
Cochlear Ltd. 89,468 13,880,585 
Commonwealth Bank of Australia 2,735,082 140,075,682 
Computershare Ltd. 719,014 9,934,802 
Crown Ltd. 591,377 6,037,001 
CSL Ltd. 703,122 114,899,387 
DEXUS Property Group unit 1,574,437 12,133,569 
Dominos Pizza Enterprises Ltd. 96,331 3,746,552 
Flight Centre Travel Group Ltd. (a) 86,432 3,629,983 
Fortescue Metals Group Ltd. 2,404,772 6,638,556 
Goodman Group unit 2,517,547 19,365,551 
Harvey Norman Holdings Ltd. (a) 877,187 2,270,195 
Healthscope Ltd. 2,705,933 4,260,197 
Incitec Pivot Ltd. 2,590,532 7,300,347 
Insurance Australia Group Ltd. 3,686,785 20,461,318 
Lendlease Group unit 906,979 13,360,037 
Macquarie Group Ltd. 502,510 46,746,324 
Medibank Private Ltd. 4,291,983 9,379,940 
Mirvac Group unit 5,728,036 10,006,461 
National Australia Bank Ltd. 4,231,743 86,538,467 
Newcrest Mining Ltd. 1,190,194 16,590,675 
Orica Ltd. 584,928 7,396,678 
Origin Energy Ltd. (b) 2,725,281 15,575,676 
QBE Insurance Group Ltd. 2,110,795 16,707,130 
Ramsay Health Care Ltd. 220,651 8,835,468 
realestate.com.au Ltd. 81,828 5,360,827 
Rio Tinto Ltd. 641,240 33,532,226 
Santos Ltd. (b) 2,751,755 13,412,445 
Scentre Group unit 8,279,689 24,463,823 
SEEK Ltd. 514,636 8,287,369 
Sonic Healthcare Ltd. 625,796 11,782,481 
South32 Ltd. 8,029,027 20,086,795 
SP AusNet 2,825,766 3,341,724 
Stockland Corp. Ltd. unit 3,767,179 11,184,969 
Suncorp Group Ltd. 2,017,185 22,462,890 
Sydney Airport unit 1,722,626 8,928,834 
Tabcorp Holdings Ltd. 2,976,151 10,269,864 
Telstra Corp. Ltd. 6,468,497 14,415,628 
The GPT Group unit 2,797,418 10,397,200 
TPG Telecom Ltd. 585,083 3,634,124 
Transurban Group unit 3,443,635 29,856,088 
Treasury Wine Estates Ltd. 1,116,551 15,628,345 
Vicinity Centers unit 5,079,917 10,115,908 
Wesfarmers Ltd. 1,761,886 65,167,591 
Westpac Banking Corp. 5,320,411 109,270,215 
Woodside Petroleum Ltd. 1,454,836 38,561,655 
Woolworths Group Ltd. 2,040,276 41,509,150 
TOTAL AUSTRALIA  1,510,044,229 
Austria - 0.2%   
Andritz AG 112,920 6,684,666 
Erste Group Bank AG 466,645 18,562,626 
OMV AG 228,867 12,121,946 
Raiffeisen International Bank-Holding AG 230,092 6,543,443 
Voestalpine AG 179,181 8,036,515 
TOTAL AUSTRIA  51,949,196 
Bailiwick of Jersey - 1.2%   
Experian PLC 1,426,924 35,518,764 
Ferguson PLC 364,883 29,239,379 
Glencore Xstrata PLC 17,936,617 72,912,689 
Randgold Resources Ltd. 147,084 9,598,860 
Shire PLC 1,420,435 83,082,615 
WPP PLC 1,965,433 32,596,042 
TOTAL BAILIWICK OF JERSEY  262,948,349 
Belgium - 1.0%   
Ageas 290,427 15,028,504 
Anheuser-Busch InBev SA NV 1,184,174 110,415,922 
Colruyt NV 92,962 5,524,769 
Groupe Bruxelles Lambert SA 125,144 13,131,585 
KBC Groep NV 390,399 27,733,125 
Proximus 234,652 5,405,228 
Solvay SA Class A 115,035 15,308,856 
Telenet Group Holding NV 82,098 4,488,406 
UCB SA 196,267 17,942,861 
Umicore SA 326,571 18,210,393 
TOTAL BELGIUM  233,189,649 
Bermuda - 0.3%   
Cheung Kong Infrastructure Holdings Ltd. 1,024,450 7,492,076 
Dairy Farm International Holdings Ltd. 520,734 4,827,204 
Hongkong Land Holdings Ltd. 1,826,200 12,637,304 
Jardine Matheson Holdings Ltd. 342,900 21,643,848 
Jardine Strategic Holdings Ltd. 344,900 12,519,870 
Kerry Properties Ltd. 1,001,181 3,794,889 
Li & Fung Ltd. 9,085,246 2,581,315 
NWS Holdings Ltd. 2,425,104 4,319,535 
Shangri-La Asia Ltd. 1,983,380 3,057,671 
Yue Yuen Industrial (Holdings) Ltd. 1,136,500 3,149,403 
TOTAL BERMUDA  76,023,115 
Cayman Islands - 0.7%   
ASM Pacific Technology Ltd. 468,829 4,945,888 
Cheung Kong Property Holdings Ltd. 4,022,925 28,677,516 
CK Hutchison Holdings Ltd. 4,196,425 48,360,139 
Melco Crown Entertainment Ltd. sponsored ADR 384,406 9,179,615 
MGM China Holdings Ltd. 1,472,400 2,776,432 
Minth Group Ltd. 1,152,000 4,718,815 
Sands China Ltd. 3,777,200 18,431,822 
WH Group Ltd. (c) 13,630,000 10,280,567 
Wharf Real Estate Investment Co. Ltd. 1,872,585 12,418,289 
Wynn Macau Ltd. 2,411,600 6,713,612 
TOTAL CAYMAN ISLANDS  146,502,695 
Denmark - 1.7%   
A.P. Moller - Maersk A/S:   
Series A 5,826 8,386,748 
Series B 10,187 15,787,727 
Carlsberg A/S Series B 165,856 20,247,128 
Christian Hansen Holding A/S 153,762 15,610,355 
Coloplast A/S Series B 184,194 19,715,200 
Danske Bank A/S 1,113,982 32,774,890 
DONG Energy A/S (c) 293,255 18,539,057 
DSV de Sammensluttede Vognmaend A/S 294,294 27,577,174 
Genmab A/S (b) 95,477 16,516,917 
H Lundbeck A/S 107,855 6,328,013 
ISS Holdings A/S 260,339 9,088,475 
Novo Nordisk A/S Series B 2,823,887 139,009,171 
Novozymes A/S Series B 340,577 18,666,984 
Pandora A/S 173,834 10,385,866 
Tryg A/S 187,575 4,608,909 
Vestas Wind Systems A/S 303,678 21,160,335 
William Demant Holding A/S (b) 160,902 6,544,113 
TOTAL DENMARK  390,947,062 
Finland - 1.1%   
Elisa Corp. (A Shares) 221,679 9,482,017 
Fortum Corp. 688,715 17,427,485 
Kone Oyj (B Shares) 526,675 28,433,331 
Metso Corp. 164,586 5,779,057 
Neste Oyj 199,006 17,278,517 
Nokia Corp. 8,751,233 48,843,435 
Nokian Tyres PLC 180,841 7,462,343 
Orion Oyj (B Shares) 162,584 5,976,743 
Sampo Oyj (A Shares) 688,963 35,243,387 
Stora Enso Oyj (R Shares) 854,879 15,911,543 
UPM-Kymmene Corp. 829,933 31,983,045 
Wartsila Corp. 689,568 14,559,568 
TOTAL FINLAND  238,380,471 
France - 10.0%   
Accor SA 292,060 14,611,273 
Aeroports de Paris 46,207 10,153,063 
Air Liquide SA 345,711 43,539,319 
Alstom SA 241,665 10,659,481 
Amundi SA (c) 93,933 6,770,933 
Arkema SA 107,007 13,402,084 
Atos Origin SA 147,980 17,726,435 
AXA SA 3,016,163 76,009,699 
BIC SA 39,700 3,675,022 
bioMerieux SA 64,931 5,705,407 
BNP Paribas SA 1,746,779 102,554,679 
Bollore SA 1,361,283 6,516,371 
Bouygues SA 339,464 14,985,069 
Bureau Veritas SA 412,086 10,590,200 
Capgemini SA 249,143 32,028,096 
Carrefour SA 925,089 16,504,261 
Casino Guichard Perrachon SA (a) 86,581 2,744,625 
CNP Assurances 268,565 6,194,211 
Compagnie de St. Gobain 773,733 33,362,479 
Credit Agricole SA 1,772,989 24,258,997 
Danone SA 956,997 75,363,419 
Dassault Aviation SA 3,902 7,260,382 
Dassault Systemes SA 202,434 32,802,547 
Edenred SA 366,110 13,951,509 
EDF SA (b) 200,740 3,287,756 
EDF SA 716,383 11,733,052 
Eiffage SA 124,192 13,977,353 
ENGIE 2,837,257 41,594,961 
Essilor International SA 323,463 46,669,638 
Eurazeo SA 72,628 5,513,413 
Eutelsat Communications 272,542 6,453,604 
Faurecia SA 118,728 7,273,798 
Fonciere des Regions 58,341 6,098,124 
Gecina SA 71,260 12,233,555 
Groupe Eurotunnel SA 728,586 9,175,912 
Hermes International SCA 49,235 32,015,165 
ICADE 51,343 5,009,076 
Iliad SA 41,147 5,315,842 
Imerys SA 55,256 3,970,167 
Ingenico SA 92,704 6,514,477 
Ipsen SA 58,714 10,437,521 
JCDecaux SA 116,837 3,848,854 
Kering SA 117,763 63,972,513 
Klepierre SA 318,510 11,424,054 
L'Oreal SA (b) 201,944 48,451,823 
L'Oreal SA 190,920 45,806,868 
Legrand SA 414,394 31,217,409 
LVMH Moet Hennessy - Louis Vuitton SA 432,335 151,555,637 
Michelin CGDE Series B 264,976 31,362,211 
Natixis SA 1,463,302 9,766,535 
Orange SA 3,099,698 50,182,945 
Pernod Ricard SA 329,900 52,078,674 
Peugeot Citroen SA 914,421 25,155,516 
Publicis Groupe SA 322,760 20,717,795 
Remy Cointreau SA 35,192 4,930,488 
Remy Cointreau SA rights (b) 35,785 68,537 
Renault SA 298,759 25,731,411 
Rexel SA 470,786 7,404,599 
Safran SA 518,482 67,585,283 
Sanofi SA 1,747,401 150,055,215 
Schneider Electric SA 848,686 68,968,402 
SCOR SE 253,119 10,232,391 
SEB SA 35,195 6,560,927 
Societe Generale Series A 1,192,759 48,840,282 
Sodexo SA 55,922 5,823,856 
Sodexo SA (b) 84,696 8,820,452 
SR Teleperformance SA 89,633 17,218,869 
Suez Environnement SA 578,829 8,368,213 
Thales SA 165,439 23,303,243 
Total SA 3,719,055 233,213,942 
Ubisoft Entertainment SA (b) 121,581 13,076,656 
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit 214,822 45,133,189 
Valeo SA 373,548 16,957,933 
Veolia Environnement SA 834,174 17,583,737 
VINCI SA 787,697 75,268,076 
Vivendi SA 1,615,835 41,919,224 
Wendel SA 43,222 6,401,684 
TOTAL FRANCE  2,257,650,418 
Germany - 8.9%   
adidas AG 292,657 73,001,877 
Allianz SE 684,160 145,823,122 
Axel Springer Verlag AG 75,028 5,451,756 
BASF AG 1,427,574 131,915,747 
Bayer AG 1,449,321 135,257,001 
Bayerische Motoren Werke AG (BMW) 514,753 49,837,437 
Beiersdorf AG 156,604 18,232,343 
Brenntag AG 240,090 14,474,871 
Commerzbank AG (b) 1,555,266 14,703,965 
Continental AG 170,946 31,361,161 
Covestro AG (c) 299,022 25,469,449 
Daimler AG (Germany) 1,413,204 91,368,974 
Delivery Hero AG (b)(c) 142,467 7,848,392 
Deutsche Bank AG 3,051,156 34,360,888 
Deutsche Borse AG 299,962 41,394,442 
Deutsche Lufthansa AG 367,465 9,592,772 
Deutsche Post AG 1,534,245 55,796,335 
Deutsche Telekom AG 5,178,890 83,518,109 
Deutsche Wohnen AG (Bearer) 559,640 28,283,677 
Drillisch AG 83,292 4,215,300 
E.ON AG 3,419,662 36,507,011 
Evonik Industries AG 254,209 9,474,797 
Fraport AG Frankfurt Airport Services Worldwide 64,769 5,821,987 
Fresenius Medical Care AG & Co. KGaA 335,075 33,913,194 
Fresenius SE & Co. KGaA 646,647 49,374,173 
GEA Group AG 269,767 10,248,812 
Hannover Reuck SE 93,661 12,861,222 
HeidelbergCement Finance AG 231,825 18,454,252 
Henkel AG & Co. KGaA 162,049 18,085,659 
Hochtief AG 29,971 4,863,480 
Hugo Boss AG 99,023 7,910,236 
Infineon Technologies AG 1,766,200 44,912,893 
innogy SE (c) 211,703 9,192,919 
K&S AG (a) 296,298 6,739,267 
KION Group AG 110,827 7,566,748 
Lanxess AG 135,296 10,628,794 
Linde AG 288,674 65,742,372 
MAN SE 54,978 5,976,342 
Merck KGaA 201,301 21,141,569 
Metro Wholesale & Food Specialist AG (a) 282,095 4,405,729 
MTU Aero Engines Holdings AG 80,736 17,702,634 
Muenchener Rueckversicherungs AG 232,373 50,115,269 
OSRAM Licht AG 154,179 6,922,299 
ProSiebenSat.1 Media AG 363,212 9,548,230 
Puma AG 12,855 7,042,920 
RWE AG 807,044 20,468,563 
SAP SE 1,527,448 183,366,882 
Schaeffler AG 255,064 3,463,967 
Siemens AG 1,188,879 154,321,155 
Siemens Healthineers AG (b)(c) 233,579 10,615,971 
Symrise AG 191,219 17,858,697 
Telefonica Deutschland Holding AG 1,155,448 4,805,470 
Thyssenkrupp AG 676,260 15,628,729 
TUI AG 265,267 4,891,129 
TUI AG (GB) 418,882 7,722,307 
Uniper SE 313,483 9,577,200 
United Internet AG 190,486 10,020,552 
Volkswagen AG 50,273 8,093,753 
Vonovia SE 757,102 38,834,444 
Wirecard AG 182,447 40,512,626 
Zalando SE (b) 173,523 9,128,210 
TOTAL GERMANY  2,016,370,081 
Hong Kong - 2.5%   
AIA Group Ltd. 18,769,000 161,893,461 
Bank of East Asia Ltd. 1,963,829 7,268,576 
BOC Hong Kong (Holdings) Ltd. 5,753,066 28,073,569 
CLP Holdings Ltd. 2,552,157 29,996,685 
Galaxy Entertainment Group Ltd. 3,691,000 27,322,453 
Hang Lung Group Ltd. 1,370,000 3,840,102 
Hang Lung Properties Ltd. 3,116,423 6,154,427 
Hang Seng Bank Ltd. 1,189,001 32,236,906 
Henderson Land Development Co. Ltd. 2,051,347 10,846,428 
Hong Kong & China Gas Co. Ltd. 14,351,122 29,566,921 
Hong Kong Exchanges and Clearing Ltd. 1,830,690 52,107,169 
Hysan Development Co. Ltd. 971,677 4,982,959 
Link (REIT) 3,357,808 33,455,083 
MTR Corp. Ltd. 2,341,827 12,069,043 
New World Development Co. Ltd. 9,527,803 12,721,946 
PCCW Ltd. 6,626,863 3,520,818 
Power Assets Holdings Ltd. 2,152,176 15,095,052 
Sino Land Ltd. 5,132,470 8,697,162 
SJM Holdings Ltd. 3,042,000 3,441,689 
Sun Hung Kai Properties Ltd. 2,477,176 36,769,040 
Swire Pacific Ltd. (A Shares) 775,384 8,767,680 
Swire Properties Ltd. 1,815,400 7,135,543 
Techtronic Industries Co. Ltd. 2,144,500 13,114,955 
Wharf Holdings Ltd. 1,901,585 5,427,043 
Wheelock and Co. Ltd. 1,274,000 7,994,203 
TOTAL HONG KONG  562,498,913 
Ireland - 0.6%   
AIB Group PLC 1,262,538 7,098,838 
Bank Ireland Group PLC 1,509,134 12,332,160 
CRH PLC 1,305,850 43,320,544 
DCC PLC (United Kingdom) 138,728 12,508,840 
James Hardie Industries PLC CDI 687,643 10,465,317 
Kerry Group PLC Class A 246,622 28,125,682 
Paddy Power Betfair PLC (Ireland) 131,584 11,989,786 
Ryanair Holdings PLC (b) 239,301 3,954,512 
Smurfit Kappa Group PLC 350,282 14,303,830 
TOTAL IRELAND  144,099,509 
Isle of Man - 0.1%   
Gaming VC Holdings SA 852,824 12,184,193 
Genting Singapore Ltd. 9,366,359 7,301,741 
TOTAL ISLE OF MAN  19,485,934 
Israel - 0.6%   
Azrieli Group 64,823 3,367,919 
Bank Hapoalim BM (Reg.) 1,661,139 12,450,479 
Bank Leumi le-Israel BM 2,249,678 15,120,582 
Bezeq The Israel Telecommunication Corp. Ltd. 3,242,153 3,876,194 
Check Point Software Technologies Ltd. (a)(b) 199,689 23,201,865 
Elbit Systems Ltd. (Israel) 36,777 4,745,814 
Frutarom Industries Ltd. 60,292 6,154,634 
Israel Chemicals Ltd. 1,086,243 6,348,721 
Mizrahi Tefahot Bank Ltd. 218,204 3,939,778 
NICE Systems Ltd. (b) 86,819 9,999,237 
NICE Systems Ltd. sponsored ADR (a)(b) 8,313 960,900 
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) 1,503,332 34,441,336 
TOTAL ISRAEL  124,607,459 
Italy - 1.8%   
Assicurazioni Generali SpA 1,824,875 30,385,918 
Atlantia SpA 767,858 15,998,677 
Davide Campari-Milano SpA 900,976 7,974,285 
Enel SpA 12,640,123 62,492,011 
Eni SpA 3,954,747 73,388,307 
Intesa Sanpaolo SpA 23,127,505 57,096,087 
Leonardo SpA 630,035 7,057,172 
Luxottica Group SpA 264,062 17,507,849 
Mediobanca SpA 965,176 8,980,550 
Moncler SpA 278,304 12,585,692 
Pirelli & C. S.p.A. (c) 626,386 5,044,464 
Poste Italiane SpA (c) 810,493 6,239,251 
Prysmian SpA 373,174 9,624,853 
Recordati SpA 163,185 5,714,711 
Snam Rete Gas SpA 3,531,448 14,494,518 
Telecom Italia SpA (b) 17,764,461 11,312,776 
Terna SpA 2,195,479 11,534,069 
UniCredit SpA 3,119,493 45,022,911 
TOTAL ITALY  402,454,101 
Japan - 23.8%   
ABC-MART, Inc. 51,300 2,797,930 
ACOM Co. Ltd. 620,500 2,535,388 
AEON Co. Ltd. 946,500 20,499,975 
AEON Financial Service Co. Ltd. 175,200 3,587,256 
AEON MALL Co. Ltd. 159,740 2,672,637 
Agc, Inc. 291,035 11,656,068 
Air Water, Inc. 231,600 4,152,166 
Aisin Seiki Co. Ltd. 250,900 11,606,750 
Ajinomoto Co., Inc. 711,266 12,073,150 
Alfresa Holdings Corp. 291,700 7,316,784 
All Nippon Airways Ltd. 180,500 6,252,763 
Alps Electric Co. Ltd. 291,500 8,762,578 
Amada Holdings Co. Ltd. 531,600 5,683,924 
Aozora Bank Ltd. 182,500 6,446,877 
Asahi Group Holdings 563,703 25,463,283 
Asahi Kasei Corp. 1,962,827 28,794,960 
Asics Corp. 246,200 3,682,696 
Astellas Pharma, Inc. 2,925,400 49,596,106 
Bandai Namco Holdings, Inc. 311,350 12,077,387 
Bank of Kyoto Ltd. 82,300 4,155,369 
Benesse Holdings, Inc. 110,800 3,465,305 
Bridgestone Corp. 946,979 34,884,214 
Brother Industries Ltd. 345,800 7,102,111 
Calbee, Inc. 124,300 3,954,644 
Canon, Inc. 1,555,044 49,896,109 
Casio Computer Co. Ltd. 303,400 4,874,170 
Central Japan Railway Co. 224,100 45,007,574 
Chiba Bank Ltd. 940,274 6,177,662 
Chubu Electric Power Co., Inc. 942,364 13,701,638 
Chugai Pharmaceutical Co. Ltd. 347,325 20,131,158 
Chugoku Electric Power Co., Inc. 431,600 5,391,601 
Coca-Cola West Co. Ltd. 206,900 5,865,674 
Concordia Financial Group Ltd. 1,688,484 8,099,739 
Credit Saison Co. Ltd. 247,052 4,091,222 
CyberAgent, Inc. 158,000 8,987,130 
CYBERDYNE, Inc. (a)(b) 174,100 1,371,051 
Dai Nippon Printing Co. Ltd. 380,121 8,528,860 
Dai-ichi Mutual Life Insurance Co. 1,675,800 31,929,337 
Daicel Chemical Industries Ltd. 404,700 4,578,417 
Daifuku Co. Ltd. 157,100 8,158,285 
Daiichi Sankyo Kabushiki Kaisha 881,570 34,418,600 
Daikin Industries Ltd. 387,194 49,335,718 
Dainippon Sumitomo Pharma Co. Ltd. 248,400 5,287,247 
Daito Trust Construction Co. Ltd. 113,263 16,972,630 
Daiwa House Industry Co. Ltd. 880,184 26,846,761 
Daiwa House REIT Investment Corp. 2,682 6,218,011 
Daiwa Securities Group, Inc. 2,510,085 15,054,636 
DeNA Co. Ltd. 161,500 2,793,655 
DENSO Corp. 678,838 32,716,925 
Dentsu, Inc. 336,100 15,699,388 
Disco Corp. 44,500 7,962,020 
Don Quijote Holdings Co. Ltd. 185,200 9,000,810 
East Japan Railway Co. 479,600 43,401,836 
Eisai Co. Ltd. 391,778 35,471,935 
Electric Power Development Co. Ltd. 228,380 6,045,051 
FamilyMart Co. Ltd. (a) 98,500 8,590,271 
Fanuc Corp. 301,272 59,074,838 
Fast Retailing Co. Ltd. 90,700 42,292,926 
Fuji Electric Co. Ltd. 926,153 7,460,237 
Fujifilm Holdings Corp. 600,305 25,387,753 
Fujitsu Ltd. 3,062,075 22,408,183 
Fukuoka Financial Group, Inc. 1,139,300 6,388,119 
Hakuhodo DY Holdings, Inc. 360,200 6,078,436 
Hamamatsu Photonics K.K. 219,600 8,834,596 
Hankyu Hanshin Holdings, Inc. 355,500 12,686,144 
Hikari Tsushin, Inc. 33,300 6,296,760 
Hino Motors Ltd. 401,200 4,224,678 
Hirose Electric Co. Ltd. 49,677 5,910,629 
Hisamitsu Pharmaceutical Co., Inc. 88,400 6,460,337 
Hitachi Chemical Co. Ltd. 160,100 3,360,212 
Hitachi Construction Machinery Co. Ltd. 168,500 5,034,830 
Hitachi High-Technologies Corp. 106,400 4,179,966 
Hitachi Ltd. 7,512,271 49,051,864 
Hitachi Metals Ltd. 331,600 3,832,008 
Honda Motor Co. Ltd. 2,534,360 75,075,869 
Hoshizaki Corp. 85,000 8,063,181 
Hoya Corp. 592,816 34,664,077 
Hulic Co. Ltd. 460,900 4,363,845 
Idemitsu Kosan Co. Ltd. 209,500 10,577,761 
IHI Corp. 227,118 7,931,040 
Iida Group Holdings Co. Ltd. 230,000 4,247,682 
INPEX Corp. 1,587,700 17,361,673 
Isetan Mitsukoshi Holdings Ltd. 523,687 5,919,817 
Isuzu Motors Ltd. 854,300 12,355,864 
Itochu Corp. 2,197,086 38,430,714 
J. Front Retailing Co. Ltd. 360,100 5,120,673 
Japan Airlines Co. Ltd. 181,500 6,542,233 
Japan Airport Terminal Co. Ltd. 73,300 3,282,040 
Japan Exchange Group, Inc. 792,100 13,958,526 
Japan Post Bank Co. Ltd. 628,800 7,345,715 
Japan Post Holdings Co. Ltd. 2,448,600 29,089,659 
Japan Prime Realty Investment Corp. 1,298 4,696,211 
Japan Real Estate Investment Corp. 2,050 10,904,059 
Japan Retail Fund Investment Corp. 4,067 7,357,277 
Japan Tobacco, Inc. 1,709,700 44,962,140 
JFE Holdings, Inc. 764,475 16,729,556 
JGC Corp. 322,617 6,498,217 
JSR Corp. 297,116 5,767,971 
JTEKT Corp. 317,600 4,450,573 
JX Holdings, Inc. 5,060,200 35,632,261 
Kajima Corp. 1,400,317 10,082,383 
Kakaku.com, Inc. 214,000 3,956,044 
Kamigumi Co. Ltd. 166,731 3,385,340 
Kaneka Corp. 381,559 3,485,576 
Kansai Electric Power Co., Inc. 1,094,136 15,681,861 
Kansai Paint Co. Ltd. 276,500 5,467,289 
Kao Corp. 769,350 59,721,391 
Kawasaki Heavy Industries Ltd. 220,594 6,035,512 
KDDI Corp. 2,754,900 72,839,112 
Keihan Electric Railway Co., Ltd. 149,400 5,486,023 
Keihin Electric Express Railway Co. Ltd. 344,930 5,966,659 
Keio Corp. 159,182 7,893,914 
Keisei Electric Railway Co. 200,800 6,740,923 
Keyence Corp. 151,224 85,595,152 
Kikkoman Corp. 227,149 11,387,093 
Kintetsu Group Holdings Co. Ltd. 265,910 10,434,413 
Kirin Holdings Co. Ltd. 1,278,456 31,613,337 
Kobayashi Pharmaceutical Co. Ltd. 76,600 5,501,467 
Kobe Steel Ltd. 479,500 4,013,455 
Koito Manufacturing Co. Ltd. 162,000 10,016,560 
Komatsu Ltd. 1,435,045 40,687,391 
Konami Holdings Corp. 144,800 6,066,457 
Konica Minolta, Inc. 703,600 7,162,016 
Kose Corp. 47,300 8,726,937 
Kubota Corp. 1,535,564 23,998,802 
Kuraray Co. Ltd. 495,086 7,182,780 
Kurita Water Industries Ltd. 152,400 4,526,325 
Kyocera Corp. 498,904 31,476,168 
Kyowa Hakko Kirin Co., Ltd. 400,789 7,106,060 
Kyushu Electric Power Co., Inc. 589,270 6,608,140 
Kyushu Railway Co. 247,500 7,439,924 
Lawson, Inc. 78,316 4,595,629 
LINE Corp. (b) 112,500 5,133,199 
Lion Corp. 349,100 7,355,261 
LIXIL Group Corp. 416,059 8,159,415 
M3, Inc. 327,400 14,423,751 
Mabuchi Motor Co. Ltd. 75,742 3,139,159 
Makita Corp. 347,800 15,776,366 
Marubeni Corp. 2,426,344 19,906,896 
Marui Group Co. Ltd. 309,349 6,835,135 
Maruichi Steel Tube Ltd. 86,200 2,641,625 
Mazda Motor Corp. 885,900 10,273,442 
McDonald's Holdings Co. (Japan) Ltd. 103,300 4,536,981 
Mebuki Financial Group, Inc. 1,273,610 4,516,266 
Medipal Holdings Corp. 268,200 5,409,380 
Meiji Holdings Co. Ltd. 189,858 12,610,494 
Minebea Mitsumi, Inc. 598,800 11,241,984 
Misumi Group, Inc. 441,600 11,382,795 
Mitsubishi Chemical Holdings Corp. 1,986,475 17,806,940 
Mitsubishi Corp. 2,101,102 59,963,950 
Mitsubishi Electric Corp. 2,836,606 38,292,699 
Mitsubishi Estate Co. Ltd. 1,837,723 30,507,426 
Mitsubishi Gas Chemical Co., Inc. 252,733 5,258,921 
Mitsubishi Heavy Industries Ltd. 471,125 17,494,931 
Mitsubishi Materials Corp. 162,393 4,391,963 
Mitsubishi Motors Corp. of Japan 1,036,400 7,387,533 
Mitsubishi Tanabe Pharma Corp. 392,300 6,542,453 
Mitsubishi UFJ Financial Group, Inc. 18,364,830 111,009,612 
Mitsubishi UFJ Lease & Finance Co. Ltd. 623,400 3,506,660 
Mitsui & Co. Ltd. 2,573,323 42,904,157 
Mitsui Chemicals, Inc. 285,436 7,383,161 
Mitsui Fudosan Co. Ltd. 1,386,977 31,762,784 
Mitsui OSK Lines Ltd. 176,928 4,757,995 
Mizuho Financial Group, Inc. 37,503,200 65,867,232 
MS&AD Insurance Group Holdings, Inc. 738,484 22,697,533 
Murata Manufacturing Co. Ltd. 280,054 48,356,007 
Nabtesco Corp. 173,800 4,531,533 
Nagoya Railroad Co. Ltd. 281,200 6,415,642 
NEC Corp. 405,354 11,200,043 
New Hampshire Foods Ltd. 140,770 5,137,453 
Nexon Co. Ltd. (b) 691,100 8,670,627 
NGK Insulators Ltd. 406,309 6,618,840 
NGK Spark Plug Co. Ltd. 247,300 7,033,282 
Nidec Corp. 347,584 50,381,067 
Nikon Corp. 501,038 9,591,466 
Nintendo Co. Ltd. 176,096 63,385,791 
Nippon Building Fund, Inc. 2,091 12,176,015 
Nippon Electric Glass Co. Ltd. 131,800 4,234,776 
Nippon Express Co. Ltd. 117,154 7,338,600 
Nippon Paint Holdings Co. Ltd. 228,600 9,032,076 
Nippon Prologis REIT, Inc. 2,768 5,393,502 
Nippon Steel & Sumitomo Metal Corp. 1,182,963 23,800,862 
Nippon Telegraph & Telephone Corp. 1,075,200 47,836,716 
Nippon Yusen KK 235,857 4,449,251 
Nissan Chemical Corp. 198,000 9,444,694 
Nissan Motor Co. Ltd. 3,609,448 33,784,771 
Nisshin Seifun Group, Inc. 307,923 6,160,677 
Nissin Food Holdings Co. Ltd. 98,623 6,293,197 
Nitori Holdings Co. Ltd. 124,300 18,872,658 
Nitto Denko Corp. 255,994 19,878,645 
NKSJ Holdings, Inc. 517,303 22,086,990 
NOK Corp. 122,600 2,341,438 
Nomura Holdings, Inc. 5,382,047 24,655,821 
Nomura Real Estate Holdings, Inc. 193,300 4,190,979 
Nomura Real Estate Master Fund, Inc. 6,067 8,452,629 
Nomura Research Institute Ltd. 176,355 8,777,276 
NSK Ltd. 558,576 6,339,342 
NTT Data Corp. 976,900 12,555,244 
NTT DOCOMO, Inc. 2,058,300 53,342,328 
Obayashi Corp. 1,012,104 9,482,497 
OBIC Co. Ltd. 100,100 9,405,490 
Odakyu Electric Railway Co. Ltd. 459,300 9,933,380 
Oji Holdings Corp. 1,346,352 9,221,257 
Olympus Corp. 451,929 18,404,993 
OMRON Corp. 299,260 13,399,501 
Ono Pharmaceutical Co. Ltd. 591,100 15,534,263 
Oracle Corp. Japan 59,200 4,971,074 
Oriental Land Co. Ltd. 310,924 33,314,285 
ORIX Corp. 2,058,780 33,111,690 
Osaka Gas Co. Ltd. 585,105 10,929,578 
Otsuka Corp. 162,400 5,882,999 
Otsuka Holdings Co. Ltd. 607,000 28,467,978 
Panasonic Corp. 3,430,273 40,863,250 
Park24 Co. Ltd. 180,000 5,281,253 
Pola Orbis Holdings, Inc. 142,600 5,030,978 
Rakuten, Inc. 1,342,600 10,269,784 
Recruit Holdings Co. Ltd. 1,713,400 52,230,095 
Renesas Electronics Corp. (b) 1,300,800 9,834,146 
Resona Holdings, Inc. 3,245,100 18,396,980 
Ricoh Co. Ltd. 1,043,670 10,942,989 
Rinnai Corp. 51,800 3,855,513 
ROHM Co. Ltd. 147,144 13,282,822 
Ryohin Keikaku Co. Ltd. 37,200 11,048,510 
Sankyo Co. Ltd. (Gunma) 69,500 2,661,529 
Santen Pharmaceutical Co. Ltd. 571,400 8,804,219 
SBI Holdings, Inc. Japan 350,360 9,664,777 
Secom Co. Ltd. 326,467 26,870,135 
Sega Sammy Holdings, Inc. 267,000 4,306,219 
Seibu Holdings, Inc. 344,200 6,204,955 
Seiko Epson Corp. 432,900 7,406,560 
Sekisui Chemical Co. Ltd. 579,293 10,072,847 
Sekisui House Ltd. 964,967 15,749,866 
Seven & i Holdings Co. Ltd. 1,171,100 47,693,524 
Seven Bank Ltd. 931,700 2,901,343 
SG Holdings Co. Ltd. 149,400 3,534,989 
Sharp Corp. (a) 271,100 6,424,321 
Shimadzu Corp. 346,100 10,263,698 
Shimamura Co. Ltd. 34,300 3,170,381 
SHIMANO, Inc. 115,200 17,770,930 
SHIMIZU Corp. 863,016 7,549,739 
Shin-Etsu Chemical Co. Ltd. 568,162 53,308,333 
Shinsei Bank Ltd. 255,200 3,918,380 
Shionogi & Co. Ltd. 433,691 25,199,434 
Shiseido Co. Ltd. 590,650 41,591,626 
Shizuoka Bank Ltd. 701,674 6,201,457 
Showa Denko K.K. 209,400 9,969,634 
Showa Shell Sekiyu K.K. 291,700 5,883,356 
SMC Corp. 88,971 29,603,617 
SoftBank Corp. 1,283,030 118,792,336 
Sohgo Security Services Co., Ltd. 109,900 4,836,747 
Sony Corp. 1,971,085 112,081,102 
Sony Financial Holdings, Inc. 270,000 5,382,504 
Stanley Electric Co. Ltd. 204,825 7,088,040 
Start Today Co. Ltd. 316,300 10,902,970 
Subaru Corp. 956,800 28,425,855 
Sumco Corp. 362,900 6,480,007 
Sumitomo Chemical Co. Ltd. 2,317,334 13,160,271 
Sumitomo Corp. 1,749,942 28,404,468 
Sumitomo Electric Industries Ltd. 1,169,606 18,505,691 
Sumitomo Heavy Industries Ltd. 172,564 5,614,426 
Sumitomo Metal Mining Co. Ltd. 362,232 11,703,833 
Sumitomo Mitsui Financial Group, Inc. 2,088,800 82,117,955 
Sumitomo Mitsui Trust Holdings, Inc. 516,772 20,735,420 
Sumitomo Realty & Development Co. Ltd. 554,000 19,196,292 
Sumitomo Rubber Industries Ltd. 268,800 3,986,881 
Sundrug Co. Ltd. 115,000 4,129,691 
Suntory Beverage & Food Ltd. 217,200 8,904,203 
Suzuken Co. Ltd. 111,616 5,072,998 
Suzuki Motor Corp. 534,200 34,760,742 
Sysmex Corp. 260,000 22,557,826 
T&D Holdings, Inc. 866,500 13,175,698 
Taiheiyo Cement Corp. 186,400 5,636,792 
Taisei Corp. 330,718 14,793,164 
Taisho Pharmaceutical Holdings Co. Ltd. 56,157 6,085,233 
Taiyo Nippon Sanso Corp. 199,700 2,940,412 
Takashimaya Co. Ltd. 221,000 3,568,302 
Takeda Pharmaceutical Co. Ltd. 1,111,542 46,308,175 
TDK Corp. 201,825 22,687,375 
Teijin Ltd. 274,768 5,442,934 
Temp Holdings Co., Ltd. 276,600 6,186,221 
Terumo Corp. 472,424 26,063,893 
THK Co. Ltd. 185,900 4,979,195 
Tobu Railway Co. Ltd. 298,559 8,329,879 
Toho Co. Ltd. 177,154 5,436,911 
Toho Gas Co. Ltd. 115,100 3,858,766 
Tohoku Electric Power Co., Inc. 668,390 8,385,705 
Tokio Marine Holdings, Inc. 1,046,500 49,325,178 
Tokyo Century Corp. 66,100 3,652,723 
Tokyo Electric Power Co., Inc. (b) 2,251,118 10,413,776 
Tokyo Electron Ltd. 244,018 41,544,028 
Tokyo Gas Co. Ltd. 604,279 14,319,743 
Tokyo Tatemono Co. Ltd. 301,400 3,694,598 
Tokyu Corp. 777,777 12,824,115 
Tokyu Fudosan Holdings Corp. 789,600 5,379,599 
Toppan Printing Co. Ltd. 763,013 5,953,850 
Toray Industries, Inc. 2,152,083 16,107,640 
Toshiba Corp. (b) 10,133,880 30,280,336 
Tosoh Corp. 404,100 6,350,091 
Toto Ltd. 219,492 9,284,604 
Toyo Seikan Group Holdings Ltd. 235,400 4,457,579 
Toyo Suisan Kaisha Ltd. 138,200 5,093,412 
Toyoda Gosei Co. Ltd. 101,500 2,532,247 
Toyota Industries Corp. 228,486 12,934,722 
Toyota Motor Corp. 3,550,163 221,007,098 
Toyota Tsusho Corp. 329,300 11,232,535 
Trend Micro, Inc. 185,600 11,692,917 
Tsuruha Holdings, Inc. 56,900 6,498,614 
Unicharm Corp. 626,040 20,464,200 
United Urban Investment Corp. 4,501 7,101,299 
USS Co. Ltd. 341,500 6,439,047 
West Japan Railway Co. 255,400 17,138,533 
Yahoo! Japan Corp. (a) 2,205,200 7,581,553 
Yakult Honsha Co. Ltd. 172,866 12,290,896 
Yamada Denki Co. Ltd. (a) 981,350 4,866,563 
Yamaguchi Financial Group, Inc. 307,900 3,386,318 
Yamaha Corp. 215,143 10,281,787 
Yamaha Motor Co. Ltd. 435,900 11,051,483 
Yamato Holdings Co. Ltd. 479,532 14,259,506 
Yamazaki Baking Co. Ltd. 186,500 3,628,953 
Yaskawa Electric Corp. 373,400 12,535,163 
Yokogawa Electric Corp. 356,000 7,301,989 
Yokohama Rubber Co. Ltd. 185,200 3,892,017 
TOTAL JAPAN  5,369,973,861 
Luxembourg - 0.3%   
ArcelorMittal SA (Netherlands) 1,032,639 31,092,611 
Eurofins Scientific SA 17,822 10,062,102 
Millicom International Cellular SA (depository receipt) 103,188 5,940,688 
RTL Group SA (a) 59,611 4,469,898 
SES SA (France) (depositary receipt) 566,970 11,372,148 
Tenaris SA 733,352 12,306,224 
TOTAL LUXEMBOURG  75,243,671 
Malta - 0.0%   
BGP Holdings PLC (b)(d) 5,796,476 67 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 10,166,480 2,110,995 
Multi-National - 0.1%   
HK Electric Investments & HK Electric Investments Ltd. unit (c) 4,096,000 4,138,402 
HKT Trust/HKT Ltd. unit 5,878,760 7,594,920 
TOTAL MULTI-NATIONAL  11,733,322 
Netherlands - 4.5%   
ABN AMRO Group NV GDR 655,788 17,758,934 
AEGON NV 2,770,723 16,614,459 
AEGON NV rights (b) 2,770,723 450,256 
AerCap Holdings NV (b) 194,275 11,067,847 
Airbus Group NV 904,869 111,697,704 
Akzo Nobel NV 392,766 36,709,321 
ASML Holding NV (Netherlands) 637,076 130,266,238 
CNH Industrial NV 1,587,564 18,980,479 
EXOR NV 167,915 10,910,913 
Ferrari NV 190,211 24,882,742 
Fiat Chrysler Automobiles NV 1,675,603 28,318,562 
Heineken Holding NV 179,526 17,108,393 
Heineken NV (Bearer) 402,621 39,789,526 
ING Groep NV (Certificaten Van Aandelen) 6,047,549 82,148,601 
Koninklijke Ahold Delhaize NV 1,937,617 47,140,904 
Koninklijke DSM NV 284,499 29,846,388 
Koninklijke KPN NV 5,218,601 13,331,263 
Koninklijke Philips Electronics NV 1,462,170 65,332,907 
NN Group NV 478,381 20,506,518 
NN Group NV rights (b) 478,381 366,485 
NXP Semiconductors NV (b) 534,077 49,743,932 
QIAGEN NV (Germany) (b) 354,447 13,721,002 
Randstad NV 185,190 11,599,203 
RELX NV 1,500,478 33,274,535 
STMicroelectronics NV (France) 1,062,507 21,922,265 
Unilever NV (Certificaten Van Aandelen) (Bearer) 2,398,306 137,905,911 
Vopak NV 110,330 5,686,110 
Wolters Kluwer NV 451,115 28,590,293 
TOTAL NETHERLANDS  1,025,671,691 
New Zealand - 0.2%   
Auckland International Airport Ltd. 1,501,994 7,100,124 
Fisher & Paykel Healthcare Corp. 891,681 9,669,054 
Fletcher Building Ltd. 1,327,275 5,584,876 
Meridian Energy Ltd. 1,978,503 4,241,087 
Ryman Healthcare Group Ltd. 617,252 5,753,989 
Spark New Zealand Ltd. 2,835,533 7,485,195 
The a2 Milk Co. Ltd. (b) 1,128,480 9,422,122 
TOTAL NEW ZEALAND  49,256,447 
Norway - 0.7%   
Aker Bp ASA 166,486 5,896,191 
DNB ASA 1,519,572 30,948,993 
Equinor ASA 1,817,206 46,610,305 
Gjensidige Forsikring ASA 307,965 5,152,244 
Marine Harvest ASA (a) 647,844 13,994,138 
Norsk Hydro ASA 2,096,595 11,577,818 
Orkla ASA 1,269,408 10,444,501 
Schibsted ASA (B Shares) 153,007 4,980,940 
Telenor ASA 1,167,836 22,016,643 
Yara International ASA 274,866 12,651,607 
TOTAL NORWAY  164,273,380 
Papua New Guinea - 0.1%   
Oil Search Ltd. ADR 2,128,448 13,710,066 
Portugal - 0.2%   
Banco Espirito Santo SA (Reg.) (b)(d) 2,598,658 30 
Energias de Portugal SA 3,977,892 15,537,343 
Galp Energia SGPS SA Class B 777,391 15,764,170 
Jeronimo Martins SGPS SA 394,357 5,907,262 
TOTAL PORTUGAL  37,208,805 
Singapore - 1.2%   
Ascendas Real Estate Investment Trust 3,859,883 7,705,424 
CapitaCommercial Trust (REIT) 4,069,353 5,247,718 
CapitaLand Ltd. 3,990,037 9,971,095 
CapitaMall Trust 3,869,300 6,032,787 
City Developments Ltd. 636,100 4,300,760 
ComfortDelgro Corp. Ltd. 3,337,784 5,568,850 
DBS Group Holdings Ltd. 2,790,108 50,718,148 
Jardine Cycle & Carriage Ltd. 153,830 3,635,747 
Keppel Corp. Ltd. 2,264,600 10,773,989 
Oversea-Chinese Banking Corp. Ltd. 4,889,186 40,251,941 
Sembcorp Industries Ltd. 1,541,630 3,066,300 
Singapore Airlines Ltd. 839,925 5,997,060 
Singapore Airport Terminal Service Ltd. 1,033,900 3,819,076 
Singapore Exchange Ltd. 1,248,200 6,738,670 
Singapore Press Holdings Ltd. 2,481,321 5,061,891 
Singapore Technologies Engineering Ltd. 2,433,261 5,921,163 
Singapore Telecommunications Ltd. 12,688,927 29,860,649 
Suntec (REIT) 3,289,900 4,482,251 
United Overseas Bank Ltd. 2,078,760 40,983,021 
UOL Group Ltd. 779,450 3,924,083 
Venture Corp. Ltd. 426,200 5,623,461 
Wilmar International Ltd. 2,983,200 6,955,113 
Yangzijiang Shipbuilding Holdings Ltd. 3,733,600 2,910,606 
TOTAL SINGAPORE  269,549,803 
South Africa - 0.0%   
Old Mutual Ltd. 2 4 
Spain - 2.9%   
ACS Actividades de Construccion y Servicios SA 400,592 16,683,740 
Aena Sme SA 104,676 18,529,157 
Amadeus IT Holding SA Class A 682,049 63,271,735 
Banco Bilbao Vizcaya Argentaria SA 10,363,315 64,393,058 
Banco de Sabadell SA 8,739,010 13,410,111 
Banco Santander SA (Spain) 25,080,086 124,628,624 
Bankia SA 1,914,700 7,194,194 
Bankinter SA 1,051,229 9,351,721 
CaixaBank SA 5,580,747 24,876,728 
Enagas SA 353,096 9,816,056 
Endesa SA 493,719 11,054,797 
Ferrovial SA 753,464 16,289,115 
Gas Natural SDG SA 543,553 14,593,391 
Grifols SA 463,599 13,630,644 
Iberdrola SA 9,263,004 69,049,549 
Inditex SA 1,695,194 51,226,399 
International Consolidated Airlines Group SA 220,985 1,985,375 
International Consolidated Airlines Group SA CDI 728,283 6,522,413 
MAPFRE SA (Reg.) 1,668,741 4,918,020 
Red Electrica Corporacion SA 672,606 14,098,853 
Repsol SA 2,117,169 40,708,553 
Siemens Gamesa Renewable Energy SA (a)(b) 373,329 5,570,607 
Telefonica SA 7,261,847 58,753,237 
TOTAL SPAIN  660,556,077 
Sweden - 2.6%   
Alfa Laval AB 454,778 12,188,547 
ASSA ABLOY AB (B Shares) 1,556,611 31,743,403 
Atlas Copco AB:   
(A Shares) 1,041,605 29,692,944 
(B Shares) 605,032 15,997,194 
Boliden AB 426,010 11,152,009 
Electrolux AB (B Shares) 371,280 8,282,108 
Epiroc AB:   
Class A (b) 1,047,105 10,877,348 
Class B (b) 598,810 5,726,743 
Essity AB Class B 943,534 24,452,038 
H&M Hennes & Mauritz AB (B Shares) (a) 1,365,322 18,413,332 
Hexagon AB (B Shares) 402,211 23,890,370 
Husqvarna AB (B Shares) 654,106 5,199,861 
ICA Gruppen AB (a) 125,192 3,812,510 
Industrivarden AB (C Shares) 259,916 5,552,078 
Investor AB (B Shares) 707,380 31,922,464 
Kinnevik AB (B Shares) 364,350 11,968,173 
Lundbergfoeretagen AB 118,237 3,971,767 
Lundin Petroleum AB 291,548 10,128,297 
Nordea Bank AB 4,718,542 50,976,960 
Sandvik AB 1,753,065 30,680,530 
Securitas AB (B Shares) 486,076 8,647,706 
Skandinaviska Enskilda Banken AB (A Shares) 2,529,956 27,000,509 
Skanska AB (B Shares) (a) 529,950 9,949,800 
SKF AB (B Shares) 588,712 11,313,771 
Svenska Handelsbanken AB (A Shares) 2,372,720 28,770,759 
Swedbank AB (A Shares) 1,406,406 32,725,893 
Swedish Match Co. AB 280,484 14,994,683 
Tele2 AB (B Shares) 563,120 6,945,751 
Telefonaktiebolaget LM Ericsson (B Shares) 4,774,594 40,287,098 
TeliaSonera AB 4,383,593 19,441,839 
Volvo AB (B Shares) 2,432,647 41,895,639 
TOTAL SWEDEN  588,602,124 
Switzerland - 8.2%   
ABB Ltd. (Reg.) 2,863,585 67,442,169 
Adecco SA (Reg.) 252,639 15,477,641 
Baloise Holdings AG 75,863 11,662,200 
Barry Callebaut AG 3,418 6,093,685 
Clariant AG (Reg.) 308,319 7,704,396 
Coca-Cola HBC AG 314,682 10,762,235 
Compagnie Financiere Richemont SA Series A 811,263 71,635,363 
Credit Suisse Group AG 3,971,564 59,472,461 
Dufry AG (a) 50,287 6,220,698 
Ems-Chemie Holding AG 12,803 8,084,020 
Galenica AG 70,757 13,041,773 
Geberit AG (Reg.) 57,613 26,201,507 
Givaudan SA 14,354 34,920,539 
Julius Baer Group Ltd. 348,728 18,503,994 
Kuehne & Nagel International AG 84,219 13,598,425 
Lafargeholcim Ltd. (Reg.) 754,338 36,734,334 
Lindt & Spruengli AG 158 13,921,279 
Lindt & Spruengli AG (participation certificate) 1,660 12,356,874 
Lonza Group AG 115,727 37,240,393 
Nestle SA (Reg. S) 4,837,015 405,473,152 
Novartis AG 3,372,079 279,755,046 
Pargesa Holding SA 59,620 4,844,029 
Partners Group Holding AG 27,036 21,227,130 
Roche Holding AG (participation certificate) 1,091,857 270,729,947 
Schindler Holding AG:   
(participation certificate) 63,476 15,141,244 
(Reg.) 31,258 7,223,928 
SGS SA (Reg.) 8,324 21,925,377 
Sika AG 201,360 29,853,425 
Sonova Holding AG Class B 86,217 16,358,325 
Straumann Holding AG 16,046 12,788,790 
Swatch Group AG (Bearer) 47,974 20,471,546 
Swatch Group AG (Bearer) (Reg.) 86,494 7,009,650 
Swiss Life Holding AG 53,319 19,319,714 
Swiss Prime Site AG 111,140 10,245,405 
Swiss Re Ltd. 488,580 43,935,654 
Swisscom AG 40,209 17,958,706 
Temenos Group AG 94,092 16,988,496 
UBS Group AG 5,989,410 93,525,634 
Zurich Insurance Group AG 235,161 71,621,901 
TOTAL SWITZERLAND  1,857,471,085 
United Kingdom - 15.7%   
3i Group PLC 1,508,754 17,533,800 
Admiral Group PLC 311,624 8,403,303 
Anglo American PLC (United Kingdom) 1,637,886 32,734,910 
Antofagasta PLC 608,974 6,360,247 
Ashtead Group PLC 766,346 23,467,161 
Associated British Foods PLC 552,384 16,392,404 
AstraZeneca PLC (United Kingdom) 1,968,597 148,577,522 
Auto Trader Group PLC (c) 1,469,113 8,553,700 
Aviva PLC 6,227,326 39,178,684 
Babcock International Group PLC 390,594 3,612,555 
BAE Systems PLC 4,962,104 39,046,707 
Barclays PLC 26,587,348 60,904,208 
Barratt Developments PLC 1,576,660 11,078,810 
Berkeley Group Holdings PLC 197,858 9,344,769 
BHP Billiton PLC 3,283,494 70,248,913 
BP PLC 31,007,356 220,808,476 
British American Tobacco PLC (United Kingdom) 3,564,778 172,382,985 
British Land Co. PLC 1,440,736 11,872,005 
BT Group PLC 13,106,030 36,999,797 
Bunzl PLC 521,631 16,216,919 
Burberry Group PLC 648,965 18,812,601 
Carnival PLC 282,290 16,978,334 
Centrica PLC 8,739,933 16,237,160 
Coca-Cola European Partners PLC 339,048 14,457,007 
Compass Group PLC 2,461,020 52,915,925 
ConvaTec Group PLC (c) 2,121,596 5,866,909 
Croda International PLC 204,102 13,495,010 
Diageo PLC 3,824,295 133,752,870 
Direct Line Insurance Group PLC 2,142,767 9,192,370 
easyJet PLC 245,633 4,856,376 
Fresnillo PLC 339,706 3,951,375 
G4S PLC (United Kingdom) 2,395,971 7,747,004 
GlaxoSmithKline PLC 7,707,576 156,100,659 
Hammerson PLC 1,225,430 7,484,407 
Hargreaves Lansdown PLC 444,076 12,665,891 
HSBC Holdings PLC (United Kingdom) 31,162,764 271,239,630 
Imperial Tobacco Group PLC 1,482,214 52,729,153 
Informa PLC 1,942,127 19,196,245 
InterContinental Hotel Group PLC 281,674 17,364,131 
Intertek Group PLC 250,349 16,663,165 
Investec PLC 1,042,308 6,842,984 
ITV PLC 5,636,808 11,740,045 
J Sainsbury PLC 2,731,330 11,480,028 
John Wood Group PLC 1,055,176 9,830,325 
Johnson Matthey PLC 300,606 13,624,634 
Kingfisher PLC 3,333,862 11,851,849 
Land Securities Group PLC 1,152,565 13,694,736 
Legal & General Group PLC 9,258,304 30,523,447 
Lloyds Banking Group PLC 112,075,994 86,334,456 
London Stock Exchange Group PLC 486,762 29,180,335 
Marks & Spencer Group PLC 2,532,712 9,903,140 
Mediclinic International PLC 564,336 3,607,684 
Meggitt PLC 1,199,655 8,370,585 
Melrose Industries PLC 7,541,998 21,794,768 
Merlin Entertainments PLC (c) 1,100,948 5,308,218 
Micro Focus International PLC 678,697 11,522,149 
Mondi PLC 569,851 15,846,902 
National Grid PLC 5,220,262 54,819,250 
Next PLC 222,605 15,872,794 
NMC Health PLC 161,089 8,195,032 
Pearson PLC 1,213,018 14,425,343 
Persimmon PLC 483,120 15,238,875 
Prudential PLC 4,027,894 90,566,008 
Reckitt Benckiser Group PLC 1,040,225 88,608,663 
RELX PLC 1,638,045 36,314,303 
Rio Tinto PLC 1,860,189 88,344,855 
Rolls-Royce Holdings PLC 2,601,468 33,895,366 
Royal Bank of Scotland Group PLC 7,477,563 23,440,361 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 7,146,871 232,515,478 
Class B (United Kingdom) 5,819,649 192,641,514 
Royal Mail PLC 1,404,508 8,157,517 
RSA Insurance Group PLC 1,594,337 13,055,034 
Sage Group PLC 1,682,985 12,991,068 
Schroders PLC 192,028 7,655,357 
Scottish & Southern Energy PLC 1,576,952 25,626,858 
Segro PLC 1,571,834 13,412,827 
Severn Trent PLC 368,304 9,554,529 
SKY PLC 1,602,864 32,012,099 
Smith & Nephew PLC 1,360,991 24,018,696 
Smiths Group PLC 615,292 12,854,860 
St. James's Place Capital PLC 824,134 12,089,495 
Standard Chartered PLC (United Kingdom) 4,364,036 35,479,778 
Standard Life PLC 4,159,589 17,089,464 
Taylor Wimpey PLC 5,101,192 11,067,593 
Tesco PLC 15,205,777 48,592,043 
The Weir Group PLC 375,793 9,132,505 
Travis Perkins PLC 390,652 5,826,831 
Unilever PLC 1,906,347 108,632,747 
United Utilities Group PLC 1,062,282 10,213,282 
Vodafone Group PLC 41,368,957 88,150,630 
Vodafone Group PLC sponsored ADR 8,775 189,628 
Whitbread PLC 284,843 16,972,325 
WM Morrison Supermarkets PLC 3,479,897 11,876,557 
TOTAL UNITED KINGDOM  3,536,409,947 
TOTAL COMMON STOCKS   
(Cost $20,762,896,327)  22,098,922,526 
Nonconvertible Preferred Stocks - 0.7%   
France - 0.2%   
Air Liquide SA (b) 320,692 40,388,392 
Germany - 0.5%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 85,445 7,165,776 
Fuchs Petrolub AG 108,845 6,373,946 
Henkel AG & Co. KGaA 276,331 35,266,595 
Porsche Automobil Holding SE (Germany) 237,616 15,033,809 
Sartorius AG (non-vtg.) 55,543 10,083,348 
Volkswagen AG 288,591 47,178,866 
TOTAL GERMANY  121,102,340 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 9,316,805 5,179,055 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $143,939,839)  166,669,787 
 Principal Amount Value 
Government Obligations - 0.1%   
United States of America - 0.1%   
U.S. Treasury Bills, yield at date of purchase 1.9% to 2% 9/20/18 to 11/8/18 (e)   
(Cost $29,919,131) 30,000,000 29,922,295 
 Shares Value 
Money Market Funds - 1.6%   
Fidelity Cash Central Fund, 1.97% (f) 204,050,890 204,091,701 
Fidelity Securities Lending Cash Central Fund 1.98% (f)(g) 150,936,663 150,951,757 
TOTAL MONEY MARKET FUNDS   
(Cost $355,059,667)  355,043,458 
TOTAL INVESTMENT IN SECURITIES - 100.3%   
(Cost $21,291,814,964)  22,650,558,066 
NET OTHER ASSETS (LIABILITIES) - (0.3)%  (65,949,534) 
NET ASSETS - 100%  $22,584,608,532 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
ICE E-mini MSCI EAFE Index Contracts (United States) 4,132 Sept. 2018 $404,688,080 $(8,347,935) $(8,347,935) 

The notional amount of futures purchased as a percentage of Net Assets is 1.8%

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

 (a) Security or a portion of the security is on loan at period end.

 (b) Non-income producing

 (c) 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 $123,868,232 or 0.5% of net assets.

 (d) Level 3 security

 (e) 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 $16,651,009.

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $1,944,773 
Fidelity Securities Lending Cash Central Fund 1,939,407 
Total $3,884,180 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $2,733,123,354 $1,859,469,486 $873,653,868 $-- 
Consumer Staples 2,514,374,485 1,233,246,773 1,281,127,712 -- 
Energy 1,312,746,638 347,872,697 964,873,941 -- 
Financials 4,372,852,461 2,494,545,050 1,878,307,314 97 
Health Care 2,487,331,260 905,595,006 1,581,736,254 -- 
Industrials 3,211,736,883 2,303,826,945 907,909,938 -- 
Information Technology 1,561,187,597 920,107,510 641,080,087 -- 
Materials 1,779,969,094 1,300,508,098 479,460,996 -- 
Real Estate 771,991,222 771,991,222 -- -- 
Telecommunication Services 812,342,944 177,283,695 635,059,249 -- 
Utilities 707,936,375 539,644,721 168,291,654 -- 
Government Obligations 29,922,295 -- 29,922,295 -- 
Money Market Funds 355,043,458 355,043,458 -- -- 
Total Investments in Securities: $22,650,558,066 $13,209,134,661 $9,441,423,308 $97 
Derivative Instruments:     
Liabilities     
Futures Contracts $(8,347,935) $(8,347,935) $-- $-- 
Total Liabilities $(8,347,935) $(8,347,935) $-- $-- 
Total Derivative Instruments: $(8,347,935) $(8,347,935) $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended August 31, 2018. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements:

Transfers Total 
Level 1 to Level 2 $0 
Level 2 to Level 1 $11,974,779,136 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $0 $(8,347,935) 
Total Equity Risk 0 (8,347,935) 
Total Value of Derivatives $0 $(8,347,935) 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Fidelity® International Index Fund

Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $143,810,265) — See accompanying schedule:
Unaffiliated issuers (cost $20,936,755,297) 		$22,295,514,608  
Fidelity Central Funds (cost $355,059,667) 355,043,458  
Total Investment in Securities (cost $21,291,814,964)  $22,650,558,066 
Foreign currency held at value (cost $9,389,568)  9,374,129 
Receivable for investments sold  21,154,910 
Receivable for fund shares sold  86,695,821 
Dividends receivable  119,882,506 
Interest receivable  755 
Distributions receivable from Fidelity Central Funds  429,863 
Other receivables  502,818 
Total assets  22,888,598,868 
Liabilities   
Payable for investments purchased $120,830,384  
Payable for fund shares redeemed 28,284,039  
Accrued management fee 846,574  
Payable for daily variation margin on futures contracts 2,572,691  
Other payables and accrued expenses 502,574  
Collateral on securities loaned 150,954,074  
Total liabilities  303,990,336 
Net Assets  $22,584,608,532 
Net Assets consist of:   
Paid in capital  $21,009,193,241 
Undistributed net investment income  455,329,330 
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions  (230,860,283) 
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies  1,350,946,244 
Net Assets  $22,584,608,532 
Investor Class:   
Net Asset Value, offering price and redemption price per share ($649,477,647 ÷ 15,403,731 shares)  $42.16 
Premium Class:   
Net Asset Value, offering price and redemption price per share ($11,358,808,943 ÷ 269,322,526 shares)  $42.18 
Institutional Class:   
Net Asset Value, offering price and redemption price per share ($3,330,609,833 ÷ 78,957,972 shares)  $42.18 
Institutional Premium Class:   
Net Asset Value, offering price and redemption price per share ($7,245,712,109 ÷ 171,777,693 shares)  $42.18 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $518,850,327 
Interest  225,469 
Income from Fidelity Central Funds (including $1,939,407 from security lending)  3,884,180 
Income before foreign taxes withheld  522,959,976 
Less foreign taxes withheld  (55,167,825) 
Total income  467,792,151 
Expenses   
Management fee $5,099,480  
Transfer agent fees 1,114,902  
Independent trustees' fees and expenses 57,085  
Legal 2,471  
Commitment fees 31,511  
Total expenses before reductions 6,305,449  
Expense reductions (783)  
Total expenses after reductions  6,304,666 
Net investment income (loss)  461,487,485 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 227,111,721  
Fidelity Central Funds (3,995)  
Forward foreign currency contracts 4,928,548  
Foreign currency transactions (7,394,307)  
Futures contracts (16,738,216)  
Total net realized gain (loss)  207,903,751 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (1,122,922,263)  
Fidelity Central Funds (2,046)  
Forward foreign currency contracts (5,074,299)  
Assets and liabilities in foreign currencies (1,956,512)  
Futures contracts 8,590,640  
Total change in net unrealized appreciation (depreciation)  (1,121,364,480) 
Net gain (loss)  (913,460,729) 
Net increase (decrease) in net assets resulting from operations  $(451,973,244) 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) Year ended February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $461,487,485 $535,604,110 
Net realized gain (loss) 207,903,751 446,692,138 
Change in net unrealized appreciation (depreciation) (1,121,364,480) 2,377,357,685 
Net increase (decrease) in net assets resulting from operations (451,973,244) 3,359,653,933 
Distributions to shareholders from net investment income (22,602,542) (492,684,873) 
Distributions to shareholders from net realized gain – (29,746,994) 
Total distributions (22,602,542) (522,431,867) 
Share transactions - net increase (decrease) 1,024,759,630 2,878,191,351 
Total increase (decrease) in net assets 550,183,844 5,715,413,417 
Net Assets   
Beginning of period 22,034,424,688 16,319,011,271 
End of period $22,584,608,532 $22,034,424,688 
Other Information   
Undistributed net investment income end of period $455,329,330 $16,444,387 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity International Index Fund Investor Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.08 $36.88 $32.81 $39.75 $41.19 $35.31 
Income from Investment Operations       
Net investment income (loss)B .85 1.08 1.06 1.11 1.13 1.35C 
Net realized and unrealized gain (loss) (1.74) 6.15 4.05 (7.10) (1.31) 5.53 
Total from investment operations (.89) 7.23 5.11 (5.99) (.18) 6.88 
Distributions from net investment income (.03) (.97) (1.01) (.95) (1.26) (.96) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.03) (1.03) (1.04) (.95) (1.26) (1.00) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.16 $43.08 $36.88 $32.81 $39.75 $41.19 
Total ReturnE,F (2.07)% 19.65% 15.72% (15.24)% (.29)% 19.66% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .14%I .17% .19% .20% .20% .20% 
Expenses net of fee waivers, if any .14%I .17% .19% .20% .20% .20% 
Expenses net of all reductions .14%I .17% .19% .20% .20% .20% 
Net investment income (loss) 3.98%I 2.60% 2.97% 2.92% 2.83% 3.52%C 
Supplemental Data       
Net assets, end of period (000 omitted) $649,478 $692,388 $740,317 $2,652,101 $2,972,698 $2,640,165 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.82%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity International Index Fund Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.08 $36.88 $32.82 $39.76 $41.20 $35.31 
Income from Investment Operations       
Net investment income (loss)B .87 1.12 1.10 1.14 1.17 1.38C 
Net realized and unrealized gain (loss) (1.73) 6.15 4.03 (7.10) (1.32) 5.54 
Total from investment operations (.86) 7.27 5.13 (5.96) (.15) 6.92 
Distributions from net investment income (.04) (1.01) (1.04) (.98) (1.29) (.99) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.04) (1.07) (1.07) (.98) (1.29) (1.03) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.18 $43.08 $36.88 $32.82 $39.76 $41.20 
Total ReturnE,F (1.99)% 19.77% 15.80% (15.17)% (.21)% 19.79% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .06%I .07% .11% .17% .17% .17% 
Expenses net of fee waivers, if any .06%I .07% .09% .12% .12% .12% 
Expenses net of all reductions .06%I .07% .09% .12% .12% .12% 
Net investment income (loss) 4.07%I 2.70% 3.07% 3.00% 2.91% 3.60%C 
Supplemental Data       
Net assets, end of period (000 omitted) $11,358,809 $11,462,486 $8,719,903 $7,677,907 $8,304,964 $7,201,814 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.90%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity International Index Fund Institutional Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.09 $36.89 $32.82 $39.76 $41.20 $35.31 
Income from Investment Operations       
Net investment income (loss)B .87 1.13 1.11 1.16 1.18 1.40C 
Net realized and unrealized gain (loss) (1.74) 6.15 4.04 (7.10) (1.31) 5.54 
Total from investment operations (.87) 7.28 5.15 (5.94) (.13) 6.94 
Distributions from net investment income (.04) (1.02) (1.05) (1.00) (1.31) (1.01) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.04) (1.08) (1.08) (1.00) (1.31) (1.05) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.18 $43.09 $36.89 $32.82 $39.76 $41.20 
Total ReturnE,F (2.01)% 19.78% 15.87% (15.13)% (.16)% 19.85% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .05%I .05% .07% .10% .10% .10% 
Expenses net of fee waivers, if any .05%I .05% .06% .07% .07% .07% 
Expenses net of all reductions .05%I .05% .06% .07% .07% .07% 
Net investment income (loss) 4.08%I 2.72% 3.10% 3.05% 2.96% 3.65%C 
Supplemental Data       
Net assets, end of period (000 omitted) $3,330,610 $3,065,012 $2,097,193 $1,539,389 $1,994,854 $1,595,562 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.95%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Fidelity International Index Fund Institutional Premium Class

 Six months ended (Unaudited) August 31, Years endedFebruary 28,     
 2018 2018 2017 2016A 2015 2014 
Selected Per–Share Data       
Net asset value, beginning of period $43.09 $36.88 $32.82 $39.76 $41.20 $35.31 
Income from Investment Operations       
Net investment income (loss)B .87 1.13 1.11 1.16 1.19 1.41C 
Net realized and unrealized gain (loss) (1.74) 6.16 4.04 (7.10) (1.32) 5.53 
Total from investment operations (.87) 7.29 5.15 (5.94) (.13) 6.94 
Distributions from net investment income (.04) (1.02) (1.06) (1.00) (1.31) (1.01) 
Distributions from net realized gain – (.06) (.03) – – (.04) 
Total distributions (.04) (1.08) (1.09) (1.00) (1.31) (1.05) 
Redemption fees added to paid in capitalB – – –D –D –D –D 
Net asset value, end of period $42.18 $43.09 $36.88 $32.82 $39.76 $41.20 
Total ReturnE,F (2.01)% 19.82% 15.85% (15.12)% (.15)% 19.86% 
Ratios to Average Net AssetsG,H       
Expenses before reductions .05%I .05% .06% .08% .08% .08% 
Expenses net of fee waivers, if any .05%I .05% .05% .06% .06% .06% 
Expenses net of all reductions .05%I .05% .05% .06% .06% .06% 
Net investment income (loss) 4.08%I 2.72% 3.11% 3.06% 2.97% 3.66%C 
Supplemental Data       
Net assets, end of period (000 omitted) $7,245,712 $6,814,539 $4,761,598 $1,734,082 $1,797,254 $1,651,834 
Portfolio turnover rateJ 4%I,K 2%K 2% 1%K 1% 2% 

 A For the year ended February 29.

 B Calculated based on average shares outstanding during the period.

 C Net investment income per share reflects a large, non-recurring dividend which amounted to $.27 per share. Excluding this non-recurring dividend, the ratio of net investment income (loss) to average net assets would have been 2.96%.

 D Amount represents less than $.005 per share.

 E Total returns for periods of less than one year are not annualized.

 F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 G Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

 I Annualized

 J Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 K Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended August 31, 2018

1. Organization.

Fidelity Total Market Index Fund, Fidelity Extended Market Index Fund and Fidelity International Index Fund (the Funds) are funds of Fidelity Concord Street Trust (the Trust). Each Fund is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Fidelity Total Market Index Fund offers Investor Class, Premium Class, Institutional Class, Institutional Premium Class and Class F shares. Fidelity Extended Market Index Fund offers Investor Class, Premium Class and Institutional Premium Class shares. Fidelity International Index Fund offers Investor Class, Premium Class, Institutional Class and Institutional Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. Class F shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as investment manager.

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – 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 each Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of August 31, 2018, including information on transfers between Levels 1 and 2, is included at the end of each applicable Fund's Schedule of Investments.

Foreign Currency. Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Realized gains and losses on foreign currency transactions arise from the disposition of foreign currency, realized changes in the value of foreign currency between the trade and settlement dates on security transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on transaction date and the U.S. dollar equivalent of the amounts actually received or paid. Unrealized gains and losses on assets and liabilities in foreign currencies arise from changes in the value of foreign currency, and from assets and liabilities denominated in foreign currencies, other than investments, which are held at period end.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and for certain Funds include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for Fidelity Total Market Index Fund, Fidelity Extended Market Index Fund and Fidelity International Index Fund, certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees of $895,163 for Fidelity Total Market Index Fund, $487,612 for Fidelity Extended Market Index Fund and $502,818 for Fidelity International Index Fund, are included in the accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, respectively.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in kind, partnerships, deferred trustees compensation, capital loss carryforwards, expiring capital loss carryforwards, certain deemed distributions and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity Total Market Index $36,663,095,452 $25,491,640,385 $(2,107,776,544) $23,383,863,841 
Fidelity Extended Market Index 19,835,974,770 9,700,839,543 (1,899,302,360) 7,801,537,183 
Fidelity International Index 21,398,240,910 4,402,598,588 (3,158,629,367) 1,243,969,221 

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

 Fiscal year of expiration  
 2019 Total with expiration 
Fidelity International Index $(49,793,394) $(49,793,394) 

 No expiration    
 Short-term Long-term Total no expiration Total capital loss carryforward 
Fidelity International Index $(–) $(288,964,540) $(288,964,540) $(338,757,934) 

Fidelity Extended Market Index intends to elect to defer to the next fiscal year $3,369,398 of capital losses recognized during the period November 1, 2017 to February 28, 2018.

Restricted Securities. The Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of each applicable Fund's Schedule of Investments.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts and forward foreign currency 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 Funds used derivatives to increase returns and 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 Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risks:

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.
 

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds 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 Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

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 and amounts recognized in the Statement of Assets and Liabilities. 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.

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type Net Realized Gain (Loss) Change in Net Unrealized Appreciation (Depreciation) 
Fidelity Total Market Index   
Equity Risk   
Futures Contracts $12,178,931 $1,169,644 
Total Equity Risk 12,178,931 1,169,644 
Totals $12,178,931 $1,169,644 
Fidelity Extended Market Index   
Equity Risk   
Futures Contracts $7,002,750 $2,859,263 
Total Equity Risk 7,002,750 2,859,263 
Totals $7,002,750 $2,859,263 
Fidelity International Index   
Equity Risk   
Futures Contracts $(16,738,216) $8,590,640 
Total Equity Risk (16,738,216) 8,590,640 
Foreign Exchange Risk   
Forward Foreign Currency Contracts $4,928,548 $(5,074,299) 
Total Foreign Exchange Risk 4,928,548 (5,074,299) 
Totals $(11,809,668) $3,516,341 

A summary of the value of derivatives by primary risk exposure as of period end, if any, is included at the end of the Schedule of Investments.

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. Fidelity International Index used forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage exposure to certain foreign currencies.

Forward foreign currency contracts are valued daily and fluctuations in exchange rates on open contracts are recorded as unrealized appreciation or (depreciation) and reflected in the Statement of Assets and Liabilities. When the contract is closed, Fidelity International Index realizes a gain or loss equal to the difference between the closing value and the value at the time it was opened. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on forward foreign currency contracts during the period is presented in the Statement of Operations.

Any 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 fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity Total Market Index 5,281,197,368 1,222,963,702 
Fidelity Extended Market Index 1,975,320,321 1,233,997,705 
Fidelity International Index 2,245,645,365 395,870,657 

Redemption In-Kind. Securities delivered in-kind through redemptions are noted in the table below. Realized gain (loss) on securities delivered in-kind through redemptions is included in each applicable Fund's accompanying Statement of Operations as realized gain or loss on investment securities and is not taxable to the Fund.

 Value of securities  
 Delivered Realized gain (loss) 
Fidelity Extended Market Index $441,023,062 $292,072,729 
Fidelity International Index $423,571,757 $173,776,605 

Prior Fiscal Year Exchanges In-Kind. During the prior period, investments and cash received in-kind through subscriptions totaled $172,362,566 in exchange for 4,418,420 shares of Fidelity International Index. The amount of in-kind exchanges is included in share transactions in the accompanying Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .015% for Fidelity Total Market Index Fund and .045% for Fidelity Extended Market Index Fund and Fidelity International Index Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

Effective August 1, 2018, the Board approved an amendment to the expense contract. Under the expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

 Investor Class Premium Class Institutional Class Institutional Premium Class Class F 
Fidelity Total Market Index Fund .015% .015% .015% .015% .015% 
Fidelity Extended Market Index Fund .045% .045% n/a .045% n/a 
Fidelity International Index Fund .045% .045% .045% .045% n/a 

Prior to August 1, 2018, the investment adviser paid class-level expenses as necessary so that the total expenses did not exceed certain amounts as noted in the following table:

 Investor Class Premium Class Institutional Class Institutional Premium Class Class F 
Fidelity Total Market Index Fund .09% .035% .030% .015% .015% 
Fidelity Extended Market Index Fund .10% .07% n/a .045% n/a 
Fidelity International Index Fund .16% .06% .05% .045% n/a 

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on class-level average net assets noted in the table below. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Effective August 1, 2018, under the amended expense contract, each class pays no transfer agent fees. Prior to August 1, 2018, each class paid all or a portion of the transfer agent fees at an annual rate based on class-level average net assets as noted in the following table:

 Received by FIIOC Paid by Class Prior to August 1, 2018 
Fidelity Total Market Index   
Investor Class .075% .075% 
Premium Class .045% .02% 
Institutional Class .035% .015% 
Institutional Premium Class .015% .00% 
Fidelity Extended Market Index   
Investor Class .075% .055% 
Premium Class .045% .025% 
Institutional Premium Class .015% .00% 
Fidelity International Index   
Investor Class .21% .115% 
Premium Class .11% .015% 
Institutional Class .035% .005% 
Institutional Premium Class .015% .00% 

For the period, the total transfer agent fees paid by each applicable class were as follows:

 Amount % of Class-Level Average Net Assets(a) 
Fidelity Total Market Index   
Investor Class $250,548 .062 
Premium Class 2,334,574 .016 
Institutional Class 217,748 .012 
Institutional Premium Class – – 
 $2,802,870  
Fidelity Extended Market Index   
Investor Class $147,090 .046 
Premium Class 1,938,048 .021 
Institutional Premium Class – – 
 $2,085,138  
Fidelity International Index   
Investor Class $325,982 .096 
Premium Class 721,499 .013 
Institutional Class 67,421 .004 
Institutional Premium Class – – 
 $1,114,902  

 (a) Annualized

Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Funds, along with other registered investment companies having management contracts with Fidelity Management & Research Company (FMR) or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, Fidelity Total Market Index had no interfund loans outstanding. Each applicable fund's activity in this program during the period for which loans were outstanding was as follows:

 Borrower or Lender Average Loan Balance Weighted Average Interest Rate Interest Expense 
Fidelity Total Market Index Borrower $34,077,875 2.15% $16,268 

Interfund Trades. The Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Other. During the period, the investment adviser reimbursed the Fidelity International Index Fund for certain losses in the amount of $4,018.

Prior Fiscal Year Redemption In-Kind. During the prior period, 14,197,390 shares of Fidelity International Index Fund held by an affiliated entity were redeemed in-kind for investments and cash with a value of $621,987,635. The Fund had a net realized gain of $320,859,246 on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the Notes to Financial Statements. The Fund recognized no gain or loss for federal income tax purposes.

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Commitment fees on the Statement of Operations, and are as follows:

Fidelity Total Market Index $71,142 
Fidelity Extended Market Index 30,258 
Fidelity International Index 31,511 

During the period, the Funds did not borrow on this line of credit.

8. Security Lending.

Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Funds. On the settlement date of the loan, each applicable Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. The Funds or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Funds may apply collateral received from the borrower against the obligation. The Funds may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. At period end, there were no security loans outstanding with FCM. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds. FCM security lending activity was as follows:

 Security Lending Income From Securities Loaned to FCM Value of Securities Loaned to FCM at Period End 
Fidelity Total Market Index $165,990 $8,158,306 
Fidelity Extended Market Index $531,991 $18,949,108 
Fidelity International Index $48 $– 

9. Expense Reductions.

Through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's expenses as noted in the table below.

 Management fee reduction 
Fidelity Total Market Index $6,402 
Fidelity Extended Market Index 9,943 
Fidelity International Index 783 

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

 Six months ended
August 31, 2018 		Year ended
February 28, 2018 
Fidelity Total Market Index   
From net investment income   
Investor Class $2,478,522 $12,586,670 
Premium Class 89,860,399 435,270,799 
Institutional Class 10,965,878 44,873,287 
Institutional Premium Class 20,946,671 94,317,041 
Class F 42,774,264 191,676,053 
Total $167,025,734 $778,723,850 
From net realized gain   
Investor Class $164,548 $5,321,710 
Premium Class 5,694,270 177,589,449 
Institutional Class 692,013 18,221,313 
Institutional Premium Class 1,305,698 37,888,601 
Class F 2,666,205 76,838,875 
Total $10,522,734 $315,859,948 
Fidelity Extended Market Index   
From net investment income   
Investor Class $503,933 $9,206,140 
Premium Class 16,357,102 220,109,370 
Institutional Premium Class 2,940,235 35,451,606 
Total $19,801,270 $264,767,116 
From net realized gain   
Investor Class $– $32,438,665 
Premium Class – 743,291,615 
Institutional Premium Class – 115,941,684 
Total $– $891,671,964 
Fidelity International Index   
From net investment income   
Investor Class $493,861 $15,703,123 
Premium Class 11,498,487 258,467,735 
Institutional Class 3,239,034 65,473,787 
Institutional Premium Class 7,371,160 153,040,228 
Total $22,602,542 $492,684,873 
From net realized gain   
Investor Class $– $986,439 
Premium Class – 15,621,751 
Institutional Class – 3,939,343 
Institutional Premium Class – 9,199,461 
Total $ - $29,746,994 

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between affiliated funds:

 Shares Shares Dollars Dollars 
 Six months ended August 31, 2018 Year ended February 28, 2018 Six months ended August 31, 2018 Year ended February 28, 2018 
Fidelity Total Market Index     
Investor Class     
Shares sold 2,723,117 6,491,579 $215,950,096 $473,077,417 
Reinvestment of distributions 32,797 227,908 2,485,299 16,995,879 
Shares redeemed (2,348,254) (7,266,119) (185,589,293) (529,723,284) 
Net increase (decrease) 407,660 (546,632) $32,846,102 $(39,649,988) 
Premium Class     
Shares sold 26,131,870 59,682,692 $2,068,764,384 $4,353,636,860 
Reinvestment of distributions 1,130,172 7,372,266 85,644,406 550,334,111 
Shares redeemed (22,803,631) (54,136,097) (1,811,868,466) (3,981,489,838) 
Net increase (decrease) 4,458,411 12,918,861 $342,540,324 $922,481,133 
Institutional Class     
Shares sold 5,818,678 17,997,705 $457,907,605 $1,330,831,506 
Reinvestment of distributions 129,741 732,368 9,830,506 54,656,693 
Shares redeemed (4,146,204) (9,961,881) (329,560,409) (724,114,212) 
Net increase (decrease) 1,802,215 8,768,192 $138,177,702 $661,373,987 
Institutional Premium Class     
Shares sold 41,528,589 19,386,022 $3,272,627,679 $1,424,547,920 
Reinvestment of distributions 293,720 1,770,295 22,252,243 132,205,306 
Shares redeemed (15,030,904) (10,876,497) (1,189,211,901) (794,477,913) 
Net increase (decrease) 26,791,405 10,279,820 $2,105,668,021 $762,275,313 
Class F     
Shares sold 20,340,963 36,022,682 $1,589,711,870 $2,617,551,668 
Reinvestment of distributions 599,637 3,591,887 45,440,469 268,514,928 
Shares redeemed (11,463,696) (10,934,635) (914,968,981) (823,156,173) 
Net increase (decrease) 9,476,904 28,679,934 $720,183,358 $2,062,910,423 
Fidelity Extended Market Index     
Investor Class     
Shares sold 1,373,116 3,991,694 $90,082,194 $239,037,979 
Reinvestment of distributions 7,831 675,931 488,757 40,774,046 
Shares redeemed (2,828,947) (7,533,841) (181,683,394) (452,172,226) 
Net increase (decrease) (1,448,000) (2,866,216) $(91,112,443) $(172,360,201) 
Premium Class     
Shares sold 28,969,680 63,342,564 $1,894,979,803 $3,816,914,744 
Reinvestment of distributions 249,891 15,232,360 15,595,685 921,328,809 
Shares redeemed (25,524,578) (72,724,257) (1,674,802,147) (4,378,600,164) 
Net increase (decrease) 3,694,993 5,850,667 $235,773,341 $359,643,389 
Institutional Premium Class     
Shares sold 4,003,539 17,002,258 $261,902,230 $1,011,348,990 
Reinvestment of distributions 47,126 2,498,579 2,940,213 151,393,120 
Shares redeemed (11,106,133)(a) (9,306,004) (737,477,469)(a) (554,308,152) 
Net increase (decrease) (7,055,468) 10,194,833 $(472,635,026) $608,433,958 
Fidelity International Index     
Investor Class     
Shares sold 2,315,466 9,622,744 $99,195,737 $397,671,186 
Reinvestment of distributions 10,462 369,295 453,026 15,632,929 
Shares redeemed (2,995,572) (13,994,223) (128,128,436) (573,236,825) 
Net increase (decrease) (669,644) (4,002,184) $(28,479,673) $(159,932,710) 
Premium Class     
Shares sold 32,905,277 82,469,511 $1,408,529,530 $3,438,872,823 
Reinvestment of distributions 243,147 5,894,175 10,528,255 249,347,695 
Shares redeemed (29,883,554) (58,740,308) (1,278,027,623) (2,455,289,015) 
Net increase (decrease) 3,264,870 29,623,378 $141,030,162 $1,232,931,503 
Institutional Class     
Shares sold 17,212,177 40,718,664 $736,693,769 $1,697,292,859 
Reinvestment of distributions 69,194 1,587,399 2,996,108 67,153,832 
Shares redeemed (9,455,846) (28,030,811) (404,254,288) (1,191,741,771) 
Net increase (decrease) 7,825,525 14,275,252 $335,435,589 $572,704,920 
Institutional Premium Class     
Shares sold 40,779,080 81,804,104(b) $1,735,731,588 $3,495,868,171(b) 
Reinvestment of distributions 169,572 3,827,749 7,342,489 161,918,344 
Shares redeemed (27,327,845)(a) (56,573,887)(c) (1,166,300,525)(a) (2,425,298,877)(c) 
Net increase (decrease) 13,620,807 29,057,966 $576,773,552 $1,232,487,638 

 (a)  Amount includes in-kind redemptions (see the Redemptions In-Kind note for additional details).

 (b)  Amount includes in-kind exchanges (see the Prior Fiscal Year Exchanges In-Kind note for additional details).

 (c) Amount includes in-kind redemptions (see the Prior Fiscal Year Redemptions In-Kind note for additional details).

12. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record, in the aggregate, of approximately 26% of the total outstanding shares of the Fidelity Total Market Index Fund.

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2018 to August 31, 2018).

Actual Expenses

The first line of the accompanying table for each class of each Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of each Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not a Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee, which was eliminated effective August 1, 2018, is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in each Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
March 1, 2018 		Ending
Account Value
August 31, 2018 		Expenses Paid
During Period-B
March 1, 2018
to August 31, 2018 
Fidelity Total Market Index     
Investor Class .08%    
Actual  $1,000.00 $1,088.50 $.42* 
Hypothetical-C  $1,000.00 $1,024.80 $.41* 
Premium Class .03%    
Actual  $1,000.00 $1,088.70 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Class .03%    
Actual  $1,000.00 $1,088.70 $.16 
Hypothetical-C  $1,000.00 $1,025.05 $.15 
Institutional Premium Class .02%    
Actual  $1,000.00 $1,088.90 $.11 
Hypothetical-C  $1,000.00 $1,025.10 $.10 
Class F .02%    
Actual  $1,000.00 $1,088.70 $.11 
Hypothetical-C  $1,000.00 $1,025.10 $.10 
Fidelity Extended Market Index     
Investor Class .09%    
Actual  $1,000.00 $1,133.50 $.48* 
Hypothetical-C  $1,000.00 $1,024.75 $.46* 
Premium Class .07%    
Actual  $1,000.00 $1,133.60 $.38 
Hypothetical-C  $1,000.00 $1,024.85 $.36 
Institutional Premium Class .05%    
Actual  $1,000.00 $1,133.70 $.27 
Hypothetical-C  $1,000.00 $1,024.95 $.26 
Fidelity International Index     
Investor Class .14%    
Actual  $1,000.00 $979.30 $.70* 
Hypothetical-C  $1,000.00 $1,024.50 $.71* 
Premium Class .06%    
Actual  $1,000.00 $980.10 $.30 
Hypothetical-C  $1,000.00 $1,024.90 $.31 
Institutional Class .05%    
Actual  $1,000.00 $979.90 $.25 
Hypothetical-C  $1,000.00 $1,024.95 $.26 
Institutional Premium Class .05%    
Actual  $1,000.00 $979.90 $.25 
Hypothetical-C  $1,000.00 $1,024.95 $.26 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 365 (to reflect the one-half year period).

 C 5% return per year before expenses

* If fees and changes to the class level expense contract and/or expense cap, effective August 1, 2018 had been in effect for the entire current period, the restated annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as shown in the table below:

 Annualized Expense Ratio(a) Expenses Paid
 
Fidelity Total Market Index   
Investor Class .02%  
Actual  $.11 
Hypothetical(b)  $.10 
Fidelity Extended Market Index   
Investor Class .05%  
Actual  $.27 
Hypothetical(b)  $.26 
Fidelity International Index   
Investor Class .05%  
Actual  $.25 
Hypothetical(b)  $.26 

 (a) Annualized expense ratio reflects expenses net of applicable fee waivers.

 (b) 5% return per year before expenses

Board Approval of Investment Advisory Contracts

Fidelity Extended Market Index Fund
Fidelity International Index Fund
Fidelity Total Market Index Fund

At its July 2018 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contracts with Fidelity Management & Research Company (FMR) and the sub-advisory agreements with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the funds for six months through January 31, 2019, in connection with the reunification of the Fidelity Equity High Income Funds Board, which oversees the funds, and the Sector Portfolios Board.

The Board also approved an amendment to the sub-advisory agreements with Geode for Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund (the Amended Contracts) to decrease the sub-advisory fee rate paid by FMR to Geode, on behalf of each fund, by 2.00 basis points and 1.00 basis point, respectively. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a range of information.

The Board considered that the approval of the funds' Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the funds' assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the funds' Advisory Contracts; or (iv) the day-to-day management of each fund or the persons primarily responsible for such management.

In its review of the proposed sub-advisory fee rate under the Amended Contracts, the Board considered that the proposed fee rate is lower by 2.00 basis points and 1.00 basis point for Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund, respectively, than the current sub-advisory fee rate for each fund. The Board noted that FMR, and not the funds, pays the sub-advisory fee out of its management fee. The Board considered that the Amended Contracts will not result in any changes to the current management fee rate under the funds' management contracts with FMR. The Board also considered that FMR will retain its obligation to pay fund-level operating expenses for Fidelity Extended Market Index fund and Fidelity Total Index Fund, with certain limited exceptions, under the funds' management contracts.

The Board considered that the contractual arrangements for each fund that oblige FMR to pay all "class-level" expenses of each class of the fund to the extent necessary to limit total expenses, with certain exceptions, were being set at 0.015% for all classes for Fidelity Total Market Index Fund and 0.045% for all classes of Fidelity Extended Market Index Fund and Fidelity International Index Fund.

The Board concluded that the funds' Advisory Contracts are fair and reasonable, and that the funds' Advisory Contracts should be renewed, without modification (except as noted above for Fidelity Extended Market Index Fund's and Fidelity Total Market Index Fund's sub-advisory contracts with Geode), through January 31, 2019, with the understanding that the Board will consider the annual renewal for a full one year period in January 2019.

In connection with its consideration of future renewals of the funds' Advisory Contracts, the Board will consider: (i) the nature, extent and quality of services provided to the funds, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for each fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing each fund and its shareholders, to the extent applicable, as well as potential fall-out benefits from Fidelity's non-fund businesses; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the funds) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies. Because the Board was approving an arrangement under which the fees were being reduced, the Board did not consider FMR's or Geode's costs of services, revenues, or profitability to be significant factors in its decision to approve the Amended Contracts. In connection with its approval of the Amended Contracts, the Board did not consider economies of scale to be a significant factor in its decision to approve the agreement because FMR will continue to contractually limit fund expenses.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the funds' management fee structures are fair and reasonable, and that the Amended Contacts for Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund and the continuation of the funds' Advisory Contracts should be approved.





Fidelity Investments

SIF-I-SANN-1018
1.929382.106



Fidelity Flex℠ Funds

Fidelity Flex℠ 500 Index Fund



Semi-Annual Report

August 31, 2018



Fidelity Investments


Contents

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts


To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2018 FMR LLC. All rights reserved.



This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.



Investment Summary (Unaudited)

Top Ten Stocks as of August 31, 2018

 % of fund's net assets 
Apple, Inc. 4.5 
Microsoft Corp. 3.5 
Amazon.com, Inc. 3.3 
Facebook, Inc. Class A 1.7 
Berkshire Hathaway, Inc. Class B 1.6 
JPMorgan Chase & Co. 1.6 
Alphabet, Inc. Class C 1.5 
Alphabet, Inc. Class A 1.5 
Johnson & Johnson 1.5 
Exxon Mobil Corp. 1.4 
 22.1 

Top Market Sectors as of August 31, 2018

 % of fund's net assets 
Information Technology 26.4 
Health Care 14.5 
Financials 13.7 
Consumer Discretionary 12.9 
Industrials 9.6 
Consumer Staples 6.7 
Energy 5.8 
Utilities 2.8 
Real Estate 2.7 
Materials 2.5 

Asset Allocation (% of fund's net assets)

As of August 31, 2018 * 
   Stocks and Equity Futures 100.0% 


 * Foreign investments - 3.4%

Schedule of Investments August 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.5%   
 Shares Value 
CONSUMER DISCRETIONARY - 12.9%   
Auto Components - 0.2%   
Aptiv PLC 5,242 $461,348 
BorgWarner, Inc. 3,910 171,141 
The Goodyear Tire & Rubber Co. 4,748 107,732 
  740,221 
Automobiles - 0.4%   
Ford Motor Co. 77,492 734,624 
General Motors Co. 25,114 905,360 
Harley-Davidson, Inc. 3,295 140,433 
  1,780,417 
Distributors - 0.1%   
Genuine Parts Co. 2,905 290,064 
LKQ Corp. (a) 6,132 211,677 
  501,741 
Diversified Consumer Services - 0.0%   
H&R Block, Inc. 4,142 112,083 
Hotels, Restaurants & Leisure - 1.6%   
Carnival Corp. 8,037 494,195 
Chipotle Mexican Grill, Inc. (a) 484 229,987 
Darden Restaurants, Inc. 2,451 284,414 
Hilton Worldwide Holdings, Inc. 5,531 429,316 
Marriott International, Inc. Class A 5,919 748,576 
McDonald's Corp. 15,582 2,527,868 
MGM Mirage, Inc. 9,921 287,610 
Norwegian Cruise Line Holdings Ltd. (a) 4,093 219,426 
Royal Caribbean Cruises Ltd. 3,354 411,133 
Starbucks Corp. 27,413 1,465,225 
Wynn Resorts Ltd. 1,677 248,766 
Yum! Brands, Inc. 6,399 556,009 
  7,902,525 
Household Durables - 0.3%   
D.R. Horton, Inc. 6,800 302,668 
Garmin Ltd. 2,202 150,044 
Leggett & Platt, Inc. 2,599 118,099 
Lennar Corp. Class A 5,417 279,896 
Mohawk Industries, Inc. (a) 1,255 240,445 
Newell Brands, Inc. 9,616 208,860 
PulteGroup, Inc. 5,201 145,368 
Whirlpool Corp. 1,277 159,599 
  1,604,979 
Internet & Direct Marketing Retail - 4.4%   
Amazon.com, Inc. (a) 7,988 16,077,527 
Expedia, Inc. 2,393 312,287 
Netflix, Inc. (a) 8,627 3,171,975 
The Booking Holdings, Inc. (a) 957 1,867,633 
TripAdvisor, Inc. (a) 2,122 115,246 
  21,544,668 
Leisure Products - 0.1%   
Hasbro, Inc. 2,251 223,547 
Mattel, Inc. (b) 6,811 105,094 
  328,641 
Media - 2.2%   
CBS Corp. Class B 6,761 358,468 
Charter Communications, Inc. Class A (a)(b) 3,667 1,138,237 
Comcast Corp. Class A 91,157 3,371,897 
Discovery Communications, Inc.:   
Class A (a)(b) 3,077 85,633 
Class C (non-vtg.) (a) 6,777 173,762 
DISH Network Corp. Class A (a) 4,533 160,242 
Interpublic Group of Companies, Inc. 7,633 178,231 
News Corp.:   
Class A 7,598 99,306 
Class B 2,401 32,654 
Omnicom Group, Inc. 4,500 311,940 
The Walt Disney Co. 29,528 3,307,727 
Twenty-First Century Fox, Inc.:   
Class A 20,867 947,362 
Class B 8,696 390,450 
Viacom, Inc. Class B (non-vtg.) 6,988 204,609 
  10,760,518 
Multiline Retail - 0.5%   
Dollar General Corp. 5,032 542,097 
Dollar Tree, Inc. (a) 4,708 379,041 
Kohl's Corp. 3,331 263,515 
Macy's, Inc. 6,066 221,712 
Nordstrom, Inc. 2,326 146,189 
Target Corp. 10,555 923,563 
  2,476,117 
Specialty Retail - 2.3%   
Advance Auto Parts, Inc. 1,466 240,468 
AutoZone, Inc. (a) 528 404,913 
Best Buy Co., Inc. 4,856 386,343 
CarMax, Inc. (a) 3,525 275,126 
Foot Locker, Inc. 2,338 115,263 
Gap, Inc. 4,296 130,384 
Home Depot, Inc. 22,891 4,595,826 
L Brands, Inc. 4,802 126,917 
Lowe's Companies, Inc. 16,326 1,775,453 
O'Reilly Automotive, Inc. (a) 1,622 544,051 
Ross Stores, Inc. 7,565 724,576 
Tiffany & Co., Inc. 2,017 247,385 
TJX Companies, Inc. 12,468 1,371,106 
Tractor Supply Co. 2,416 213,284 
Ulta Beauty, Inc. (a) 1,132 294,320 
  11,445,415 
Textiles, Apparel & Luxury Goods - 0.8%   
Hanesbrands, Inc. 7,135 125,148 
Michael Kors Holdings Ltd. (a) 2,968 215,536 
NIKE, Inc. Class B 25,478 2,094,292 
PVH Corp. 1,526 218,462 
Ralph Lauren Corp. 1,102 146,357 
Tapestry, Inc. 5,698 288,832 
Under Armour, Inc.:   
Class A (sub. vtg.) (a) 3,695 75,563 
Class C (non-vtg.) (a)(b) 3,714 70,455 
VF Corp. 6,482 597,187 
  3,831,832 
TOTAL CONSUMER DISCRETIONARY  63,029,157 
CONSUMER STAPLES - 6.7%   
Beverages - 1.7%   
Brown-Forman Corp. Class B (non-vtg.) 5,186 270,813 
Constellation Brands, Inc. Class A (sub. vtg.) 3,326 692,473 
Molson Coors Brewing Co. Class B 3,664 244,535 
Monster Beverage Corp. (a) 8,132 495,157 
PepsiCo, Inc. 28,144 3,152,409 
The Coca-Cola Co. 75,966 3,385,805 
  8,241,192 
Food & Staples Retailing - 1.5%   
Costco Wholesale Corp. 8,710 2,030,562 
Kroger Co. 16,093 506,930 
Sysco Corp. 9,489 709,967 
Walgreens Boots Alliance, Inc. 16,957 1,162,572 
Walmart, Inc. 28,697 2,750,894 
  7,160,925 
Food Products - 1.1%   
Archer Daniels Midland Co. 11,071 557,978 
Campbell Soup Co. 3,809 150,265 
ConAgra Foods, Inc. 7,791 286,319 
General Mills, Inc. 11,738 540,065 
Hormel Foods Corp. (b) 5,347 209,335 
Kellogg Co. 4,944 354,930 
McCormick & Co., Inc. (non-vtg.) 2,401 299,837 
Mondelez International, Inc. 29,341 1,253,448 
The Hershey Co. 2,766 278,038 
The J.M. Smucker Co. 2,249 232,502 
The Kraft Heinz Co. 11,905 693,704 
Tyson Foods, Inc. Class A 5,892 370,077 
  5,226,498 
Household Products - 1.4%   
Church & Dwight Co., Inc. 4,845 274,130 
Clorox Co. 2,564 371,729 
Colgate-Palmolive Co. 17,349 1,152,147 
Kimberly-Clark Corp. 6,957 803,812 
Procter & Gamble Co. 49,850 4,135,058 
  6,736,876 
Personal Products - 0.1%   
Coty, Inc. Class A 9,361 115,702 
Estee Lauder Companies, Inc. Class A 4,435 621,432 
  737,134 
Tobacco - 0.9%   
Altria Group, Inc. 37,533 2,196,431 
Philip Morris International, Inc. 30,830 2,401,349 
  4,597,780 
TOTAL CONSUMER STAPLES  32,700,405 
ENERGY - 5.8%   
Energy Equipment & Services - 0.7%   
Baker Hughes, a GE Co. Class A 8,244 271,805 
Halliburton Co. 17,445 695,881 
Helmerich & Payne, Inc. 2,156 141,369 
National Oilwell Varco, Inc. 7,563 355,990 
Schlumberger Ltd. 27,487 1,736,079 
TechnipFMC PLC 8,593 263,204 
  3,464,328 
Oil, Gas & Consumable Fuels - 5.1%   
Anadarko Petroleum Corp. 10,198 656,751 
Andeavor 2,753 420,631 
Apache Corp. 7,566 331,618 
Cabot Oil & Gas Corp. 8,939 213,016 
Chevron Corp. 37,910 4,490,819 
Cimarex Energy Co. 1,889 159,583 
Concho Resources, Inc. (a) 3,763 516,095 
ConocoPhillips Co. 23,260 1,707,982 
Devon Energy Corp. 10,362 444,841 
EOG Resources, Inc. 11,513 1,361,182 
EQT Corp. 4,993 254,743 
Exxon Mobil Corp. 83,975 6,732,276 
Hess Corp. 5,184 349,091 
HollyFrontier Corp. 3,495 260,447 
Kinder Morgan, Inc. 37,561 664,830 
Marathon Oil Corp. 16,892 363,347 
Marathon Petroleum Corp. 9,144 752,460 
Newfield Exploration Co. (a) 3,954 107,865 
Noble Energy, Inc. 9,591 285,045 
Occidental Petroleum Corp. 15,221 1,215,701 
ONEOK, Inc. 8,139 536,441 
Phillips 66 Co. 8,342 988,610 
Pioneer Natural Resources Co. 3,374 589,438 
The Williams Companies, Inc. 23,472 694,536 
Valero Energy Corp. 8,565 1,009,642 
  25,106,990 
TOTAL ENERGY  28,571,318 
FINANCIALS - 13.7%   
Banks - 6.2%   
Bank of America Corp. 187,044 5,785,271 
BB&T Corp. 15,438 797,527 
Citigroup, Inc. 50,596 3,604,459 
Citizens Financial Group, Inc. 9,597 395,013 
Comerica, Inc. 3,404 331,822 
Fifth Third Bancorp 13,572 399,424 
Huntington Bancshares, Inc. 22,663 367,367 
JPMorgan Chase & Co. 67,516 7,735,983 
KeyCorp 21,019 442,870 
M&T Bank Corp. 2,875 509,306 
Peoples United Financial, Inc. 6,887 127,478 
PNC Financial Services Group, Inc. 9,339 1,340,520 
Regions Financial Corp. 22,236 432,713 
SunTrust Banks, Inc. 9,203 676,973 
SVB Financial Group (a) 1,049 338,565 
U.S. Bancorp 31,000 1,677,410 
Wells Fargo & Co. 86,983 5,086,766 
Zions Bancorporation 3,903 207,991 
  30,257,458 
Capital Markets - 2.9%   
Affiliated Managers Group, Inc. 1,075 157,047 
Ameriprise Financial, Inc. 2,863 406,431 
Bank of New York Mellon Corp. 20,009 1,043,469 
BlackRock, Inc. Class A 2,442 1,169,865 
Brighthouse Financial, Inc. (a) 2,371 98,420 
Cboe Global Markets, Inc. 2,227 224,482 
Charles Schwab Corp. 23,773 1,207,431 
CME Group, Inc. 6,741 1,177,855 
E*TRADE Financial Corp. (a) 5,225 307,544 
Franklin Resources, Inc. 6,310 200,279 
Goldman Sachs Group, Inc. 6,992 1,662,768 
IntercontinentalExchange, Inc. 11,468 874,206 
Invesco Ltd. 8,132 195,981 
Moody's Corp. 3,305 588,356 
Morgan Stanley 27,158 1,326,125 
MSCI, Inc. 1,763 317,798 
Northern Trust Corp. 4,187 449,935 
Raymond James Financial, Inc. 2,570 239,113 
S&P Global, Inc. 4,975 1,030,074 
State Street Corp. 7,234 628,707 
T. Rowe Price Group, Inc. 4,794 555,577 
The NASDAQ OMX Group, Inc. 2,314 220,848 
  14,082,311 
Consumer Finance - 0.7%   
American Express Co. 14,138 1,498,345 
Capital One Financial Corp. 9,695 960,678 
Discover Financial Services 7,017 548,168 
Synchrony Financial 14,046 444,837 
  3,452,028 
Diversified Financial Services - 1.6%   
Berkshire Hathaway, Inc. Class B (a) 38,162 7,965,173 
Jefferies Financial Group, Inc. 6,003 139,390 
  8,104,563 
Insurance - 2.3%   
AFLAC, Inc. 15,327 708,720 
Allstate Corp. 6,959 699,867 
American International Group, Inc. 17,772 944,937 
Aon PLC 4,841 704,656 
Arthur J. Gallagher & Co. 3,609 260,353 
Assurant, Inc. 1,049 107,858 
Chubb Ltd. 9,222 1,247,183 
Cincinnati Financial Corp. 2,957 226,713 
Everest Re Group Ltd. 811 180,869 
Hartford Financial Services Group, Inc. 7,090 357,123 
Lincoln National Corp. 4,330 283,961 
Loews Corp. 5,184 260,807 
Marsh & McLennan Companies, Inc. 10,045 850,108 
MetLife, Inc. 20,125 923,536 
Principal Financial Group, Inc. 5,273 291,017 
Progressive Corp. 11,530 778,621 
Prudential Financial, Inc. 8,407 825,988 
The Travelers Companies, Inc. 5,351 704,192 
Torchmark Corp. 2,091 183,841 
Unum Group 4,379 161,498 
Willis Group Holdings PLC 2,610 384,375 
XL Group Ltd. 5,114 293,492 
  11,379,715 
TOTAL FINANCIALS  67,276,075 
HEALTH CARE - 14.5%   
Biotechnology - 2.6%   
AbbVie, Inc. 30,072 2,886,311 
Alexion Pharmaceuticals, Inc. (a) 4,405 538,467 
Amgen, Inc. 13,227 2,642,887 
Biogen, Inc. (a) 4,178 1,476,881 
Celgene Corp. (a) 13,994 1,321,733 
Gilead Sciences, Inc. 25,823 1,955,576 
Incyte Corp. (a) 3,483 257,429 
Regeneron Pharmaceuticals, Inc. (a) 1,531 622,734 
Vertex Pharmaceuticals, Inc. (a) 5,045 930,298 
  12,632,316 
Health Care Equipment & Supplies - 3.1%   
Abbott Laboratories 34,812 2,326,834 
Abiomed, Inc. (a) 837 340,307 
Align Technology, Inc. (a) 1,428 551,908 
Baxter International, Inc. 9,838 731,652 
Becton, Dickinson & Co. 5,314 1,391,577 
Boston Scientific Corp. (a) 27,318 971,428 
Danaher Corp. 12,171 1,260,185 
Dentsply Sirona, Inc. 4,503 179,760 
Edwards Lifesciences Corp. (a) 4,173 601,914 
Hologic, Inc. (a) 5,405 214,903 
IDEXX Laboratories, Inc. (a) 1,720 436,949 
Intuitive Surgical, Inc. (a) 2,253 1,261,680 
Medtronic PLC 26,879 2,591,404 
ResMed, Inc. 2,826 314,845 
Stryker Corp. 6,363 1,078,083 
The Cooper Companies, Inc. 971 248,362 
Varian Medical Systems, Inc. (a) 1,812 202,980 
Zimmer Biomet Holdings, Inc. 4,024 497,487 
  15,202,258 
Health Care Providers & Services - 3.2%   
Aetna, Inc. 6,510 1,303,758 
AmerisourceBergen Corp. 3,220 289,703 
Anthem, Inc. 5,074 1,343,240 
Cardinal Health, Inc. 6,151 321,021 
Centene Corp. (a) 4,062 595,002 
Cigna Corp. 4,816 907,045 
CVS Health Corp. 20,200 1,519,848 
DaVita HealthCare Partners, Inc. (a) 2,764 191,518 
Envision Healthcare Corp. (a) 2,398 108,773 
Express Scripts Holding Co. (a) 11,121 978,870 
HCA Holdings, Inc. 5,532 741,897 
Henry Schein, Inc. (a) 3,049 236,846 
Humana, Inc. 2,726 908,467 
Laboratory Corp. of America Holdings (a) 2,025 350,062 
McKesson Corp. 4,000 515,000 
Quest Diagnostics, Inc. 2,689 295,736 
UnitedHealth Group, Inc. 19,068 5,118,995 
Universal Health Services, Inc. Class B 1,725 224,526 
  15,950,307 
Health Care Technology - 0.1%   
Cerner Corp. (a) 6,241 406,352 
Life Sciences Tools & Services - 0.9%   
Agilent Technologies, Inc. 6,334 427,798 
Illumina, Inc. (a) 2,910 1,032,555 
Mettler-Toledo International, Inc. (a) 503 293,983 
PerkinElmer, Inc. 2,190 202,422 
Quintiles Transnational Holdings, Inc. (a) 3,204 407,196 
Thermo Fisher Scientific, Inc. 7,965 1,904,432 
Waters Corp. (a) 1,551 293,883 
  4,562,269 
Pharmaceuticals - 4.6%   
Allergan PLC 6,713 1,286,949 
Bristol-Myers Squibb Co. 32,456 1,965,211 
Eli Lilly & Co. 18,973 2,004,497 
Johnson & Johnson 53,208 7,166,586 
Merck & Co., Inc. 53,391 3,662,089 
Mylan NV (a) 10,205 399,322 
Nektar Therapeutics (a)(b) 3,190 212,103 
Perrigo Co. PLC 2,549 195,024 
Pfizer, Inc. 116,063 4,818,936 
Zoetis, Inc. Class A 9,580 867,948 
  22,578,665 
TOTAL HEALTH CARE  71,332,167 
INDUSTRIALS - 9.6%   
Aerospace & Defense - 2.6%   
Arconic, Inc. 8,412 188,261 
General Dynamics Corp. 5,469 1,057,705 
Harris Corp. 2,351 382,061 
Huntington Ingalls Industries, Inc. 881 215,378 
L3 Technologies, Inc. 1,554 332,121 
Lockheed Martin Corp. 4,918 1,575,776 
Northrop Grumman Corp. 3,452 1,030,387 
Raytheon Co. 5,731 1,142,991 
Rockwell Collins, Inc. 3,251 441,973 
Textron, Inc. 5,069 349,913 
The Boeing Co. 10,868 3,725,442 
TransDigm Group, Inc. 965 337,750 
United Technologies Corp. 14,731 1,940,073 
  12,719,831 
Air Freight & Logistics - 0.7%   
C.H. Robinson Worldwide, Inc. 2,757 264,893 
Expeditors International of Washington, Inc. 3,458 253,402 
FedEx Corp. 4,901 1,195,599 
United Parcel Service, Inc. Class B 13,688 1,681,981 
  3,395,875 
Airlines - 0.5%   
Alaska Air Group, Inc. 2,440 164,676 
American Airlines Group, Inc. 8,249 333,920 
Delta Air Lines, Inc. 12,777 747,199 
Southwest Airlines Co. 10,561 647,389 
United Continental Holdings, Inc. (a) 4,666 407,902 
  2,301,086 
Building Products - 0.3%   
A.O. Smith Corp. 2,872 166,806 
Allegion PLC 1,880 163,974 
Fortune Brands Home & Security, Inc. 2,889 153,059 
Johnson Controls International PLC 18,467 697,499 
Masco Corp. 6,147 233,402 
  1,414,740 
Commercial Services & Supplies - 0.3%   
Cintas Corp. 1,711 365,076 
Copart, Inc. (a) 4,001 257,304 
Republic Services, Inc. 4,415 323,884 
Stericycle, Inc. (a) 1,694 104,503 
Waste Management, Inc. 7,875 715,838 
  1,766,605 
Construction & Engineering - 0.1%   
Fluor Corp. 2,783 159,772 
Jacobs Engineering Group, Inc. 2,386 173,438 
Quanta Services, Inc. (a) 2,962 102,456 
  435,666 
Electrical Equipment - 0.6%   
AMETEK, Inc. 4,585 352,862 
Eaton Corp. PLC 8,658 719,826 
Emerson Electric Co. 12,475 957,207 
Fortive Corp. 6,073 510,011 
Rockwell Automation, Inc. 2,486 449,867 
  2,989,773 
Industrial Conglomerates - 1.6%   
3M Co. 11,790 2,486,747 
General Electric Co. 172,361 2,230,351 
Honeywell International, Inc. 14,833 2,359,337 
Roper Technologies, Inc. 2,068 617,029 
  7,693,464 
Machinery - 1.4%   
Caterpillar, Inc. 11,885 1,650,232 
Cummins, Inc. 3,066 434,759 
Deere & Co. 6,455 928,229 
Dover Corp. 3,062 262,934 
Flowserve Corp. 2,590 134,991 
Illinois Tool Works, Inc. 6,077 843,974 
Ingersoll-Rand PLC 4,909 497,233 
PACCAR, Inc. 6,965 476,545 
Parker Hannifin Corp. 2,632 462,179 
Pentair PLC 3,214 139,745 
Snap-On, Inc. 1,120 197,994 
Stanley Black & Decker, Inc. 3,055 429,319 
Xylem, Inc. 3,562 270,391 
  6,728,525 
Professional Services - 0.3%   
Equifax, Inc. 2,381 318,983 
IHS Markit Ltd. (a) 7,050 387,750 
Nielsen Holdings PLC 6,629 172,354 
Robert Half International, Inc. 2,446 191,228 
Verisk Analytics, Inc. (a) 3,076 366,321 
  1,436,636 
Road & Rail - 1.0%   
CSX Corp. 17,330 1,285,193 
J.B. Hunt Transport Services, Inc. 1,695 204,671 
Kansas City Southern 2,031 235,515 
Norfolk Southern Corp. 5,594 972,461 
Union Pacific Corp. 15,405 2,320,301 
  5,018,141 
Trading Companies & Distributors - 0.2%   
Fastenal Co. 5,695 332,360 
United Rentals, Inc. (a) 1,655 257,965 
W.W. Grainger, Inc. 1,009 357,257 
  947,582 
TOTAL INDUSTRIALS  46,847,924 
INFORMATION TECHNOLOGY - 26.4%   
Communications Equipment - 1.1%   
Arista Networks, Inc. (a) 943 281,938 
Cisco Systems, Inc. 93,349 4,459,282 
F5 Networks, Inc. (a) 1,210 228,835 
Juniper Networks, Inc. 6,913 196,537 
Motorola Solutions, Inc. 3,210 412,036 
  5,578,628 
Electronic Equipment & Components - 0.4%   
Amphenol Corp. Class A 5,968 564,453 
Corning, Inc. 16,439 550,871 
FLIR Systems, Inc. 2,717 170,465 
IPG Photonics Corp. (a) 744 130,557 
TE Connectivity Ltd. 6,932 635,526 
  2,051,872 
Internet Software & Services - 5.0%   
Akamai Technologies, Inc. (a) 3,378 253,823 
Alphabet, Inc.:   
Class A (a) 5,913 7,283,633 
Class C (a) 6,032 7,348,122 
eBay, Inc. (a) 18,301 633,398 
Facebook, Inc. Class A (a) 47,580 8,361,233 
Twitter, Inc. (a) 12,964 456,074 
VeriSign, Inc. (a) 1,901 301,518 
  24,637,801 
IT Services - 4.6%   
Accenture PLC Class A 12,763 2,157,840 
Alliance Data Systems Corp. 954 227,605 
Automatic Data Processing, Inc. 8,754 1,284,650 
Broadridge Financial Solutions, Inc. 2,335 315,552 
Cognizant Technology Solutions Corp. Class A 11,657 914,259 
DXC Technology Co. 5,638 513,565 
Fidelity National Information Services, Inc. 6,607 714,679 
Fiserv, Inc. (a) 8,106 649,047 
FleetCor Technologies, Inc. (a) 1,775 379,389 
Gartner, Inc. (a) 1,806 270,467 
Global Payments, Inc. 3,159 393,548 
IBM Corp. 16,939 2,481,225 
MasterCard, Inc. Class A 18,185 3,919,959 
Paychex, Inc. 6,331 463,746 
PayPal Holdings, Inc. (a) 22,160 2,046,033 
The Western Union Co. 9,122 172,588 
Total System Services, Inc. 3,284 319,008 
Visa, Inc. Class A 35,418 5,202,550 
  22,425,710 
Semiconductors & Semiconductor Equipment - 3.9%   
Advanced Micro Devices, Inc. (a)(b) 16,313 410,598 
Analog Devices, Inc. 7,343 725,856 
Applied Materials, Inc. 19,957 858,550 
Broadcom, Inc. 7,971 1,745,888 
Intel Corp. 92,458 4,477,741 
KLA-Tencor Corp. 3,086 358,624 
Lam Research Corp. 3,248 562,196 
Microchip Technology, Inc. (b) 4,653 400,298 
Micron Technology, Inc. (a) 22,961 1,205,912 
NVIDIA Corp. 12,049 3,381,913 
Qorvo, Inc. (a) 2,504 200,545 
Qualcomm, Inc. 29,433 2,022,341 
Skyworks Solutions, Inc. 3,605 329,137 
Texas Instruments, Inc. 19,448 2,185,955 
Xilinx, Inc. 5,017 390,473 
  19,256,027 
Software - 6.3%   
Activision Blizzard, Inc. 15,137 1,091,378 
Adobe Systems, Inc. (a) 9,779 2,576,864 
ANSYS, Inc. (a) 1,663 309,285 
Autodesk, Inc. (a) 4,368 674,201 
CA Technologies, Inc. 6,186 270,947 
Cadence Design Systems, Inc. (a) 5,581 262,530 
Citrix Systems, Inc. (a) 2,549 290,637 
Electronic Arts, Inc. (a) 6,075 688,966 
Intuit, Inc. 4,849 1,064,210 
Microsoft Corp. 152,372 17,115,947 
Oracle Corp. 59,130 2,872,535 
Red Hat, Inc. (a) 3,518 519,714 
Salesforce.com, Inc. (a) 14,018 2,140,268 
Symantec Corp. 12,305 248,069 
Synopsys, Inc. (a) 2,950 301,313 
Take-Two Interactive Software, Inc. (a) 2,265 302,513 
  30,729,377 
Technology Hardware, Storage & Peripherals - 5.1%   
Apple, Inc. 97,492 22,192,092 
Hewlett Packard Enterprise Co. 30,232 499,735 
HP, Inc. 32,496 801,026 
NetApp, Inc. 5,304 460,440 
Seagate Technology LLC 5,683 304,268 
Western Digital Corp. 5,924 374,634 
Xerox Corp. 4,235 117,987 
  24,750,182 
TOTAL INFORMATION TECHNOLOGY  129,429,597 
MATERIALS - 2.5%   
Chemicals - 1.9%   
Air Products & Chemicals, Inc. 4,340 721,699 
Albemarle Corp. U.S. 2,193 209,475 
CF Industries Holdings, Inc. 4,620 240,009 
DowDuPont, Inc. 46,083 3,231,801 
Eastman Chemical Co. 2,826 274,207 
Ecolab, Inc. 5,141 773,618 
FMC Corp. 2,663 227,553 
International Flavors & Fragrances, Inc. 1,563 203,643 
LyondellBasell Industries NV Class A 6,365 717,845 
PPG Industries, Inc. 5,008 553,584 
Praxair, Inc. 5,689 899,943 
Sherwin-Williams Co. 1,630 742,595 
The Mosaic Co. 6,944 217,139 
  9,013,111 
Construction Materials - 0.1%   
Martin Marietta Materials, Inc. 1,246 247,605 
Vulcan Materials Co. 2,617 289,964 
  537,569 
Containers & Packaging - 0.3%   
Avery Dennison Corp. 1,743 183,329 
Ball Corp. 6,914 289,558 
International Paper Co. 8,198 419,246 
Packaging Corp. of America 1,868 205,331 
Sealed Air Corp. 3,191 127,991 
WestRock Co. 5,077 279,641 
  1,505,096 
Metals & Mining - 0.2%   
Freeport-McMoRan, Inc. 26,676 374,798 
Newmont Mining Corp. 10,562 327,739 
Nucor Corp. 6,298 393,625 
  1,096,162 
TOTAL MATERIALS  12,151,938 
REAL ESTATE - 2.7%   
Equity Real Estate Investment Trusts (REITs) - 2.6%   
Alexandria Real Estate Equities, Inc. 2,039 261,706 
American Tower Corp. 8,744 1,303,905 
Apartment Investment & Management Co. Class A 3,115 136,437 
AvalonBay Communities, Inc. 2,787 510,829 
Boston Properties, Inc. 3,056 398,655 
Crown Castle International Corp. 8,213 936,528 
Digital Realty Trust, Inc. 4,078 506,814 
Duke Realty Corp. 7,069 201,396 
Equinix, Inc. 1,573 686,032 
Equity Residential (SBI) 7,399 501,282 
Essex Property Trust, Inc. 1,308 322,134 
Extra Space Storage, Inc. 2,497 230,248 
Federal Realty Investment Trust (SBI) 1,450 189,385 
HCP, Inc. 9,301 251,406 
Host Hotels & Resorts, Inc. 14,677 315,996 
Iron Mountain, Inc. 5,572 201,149 
Kimco Realty Corp. 8,412 143,929 
Mid-America Apartment Communities, Inc. 2,253 233,321 
Prologis, Inc. 12,459 836,996 
Public Storage 2,967 630,725 
Realty Income Corp. 5,793 339,296 
Regency Centers Corp. 2,918 192,676 
SBA Communications Corp. Class A (a) 2,280 353,924 
Simon Property Group, Inc. 6,131 1,122,157 
SL Green Realty Corp. 1,751 182,804 
The Macerich Co. 2,149 126,232 
UDR, Inc. 5,298 211,761 
Ventas, Inc. 7,054 422,323 
Vornado Realty Trust 3,426 263,802 
Welltower, Inc. (b) 7,365 491,319 
Weyerhaeuser Co. 14,987 520,199 
  13,025,366 
Real Estate Management & Development - 0.1%   
CBRE Group, Inc. (a) 5,986 292,177 
TOTAL REAL ESTATE  13,317,543 
TELECOMMUNICATION SERVICES - 1.9%   
Diversified Telecommunication Services - 1.9%   
AT&T, Inc. 144,067 4,601,500 
CenturyLink, Inc. 19,437 415,174 
Verizon Communications, Inc. 81,967 4,456,546 
  9,473,220 
UTILITIES - 2.8%   
Electric Utilities - 1.7%   
Alliant Energy Corp. 4,583 196,336 
American Electric Power Co., Inc. 9,751 699,439 
Duke Energy Corp. 13,879 1,127,530 
Edison International 6,450 423,959 
Entergy Corp. 3,580 299,252 
Evergy, Inc. 5,370 306,359 
Eversource Energy 6,274 391,686 
Exelon Corp. 19,113 835,429 
FirstEnergy Corp. 8,875 331,748 
NextEra Energy, Inc. 9,334 1,587,713 
PG&E Corp. 10,224 472,144 
Pinnacle West Capital Corp. 2,216 174,067 
PPL Corp. 13,840 411,602 
Southern Co. 20,028 876,826 
Xcel Energy, Inc. 10,358 497,702 
  8,631,792 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Energy, Inc. 5,922 209,580 
The AES Corp. 13,094 176,245 
  385,825 
Multi-Utilities - 0.9%   
Ameren Corp. 4,824 305,022 
CenterPoint Energy, Inc. 8,542 237,382 
CMS Energy Corp. 5,594 275,449 
Consolidated Edison, Inc. 6,152 485,577 
Dominion Resources, Inc. 12,919 914,278 
DTE Energy Co. 3,681 409,106 
NiSource, Inc. 6,679 180,801 
Public Service Enterprise Group, Inc. 10,002 523,605 
SCANA Corp. 2,824 108,272 
Sempra Energy (b) 5,229 606,982 
WEC Energy Group, Inc. 6,247 422,172 
  4,468,646 
Water Utilities - 0.1%   
American Water Works Co., Inc. 3,525 308,543 
TOTAL UTILITIES  13,794,806 
TOTAL COMMON STOCKS   
(Cost $448,214,434)  487,924,150 
 Principal Amount Value 
U.S. Treasury Obligations - 0.1%   
U.S. Treasury Bills, yield at date of purchase 2% 11/8/18 (c)   
(Cost $189,290) 190,000 189,300 
 Shares Value 
Money Market Funds - 1.4%   
Fidelity Cash Central Fund, 1.97% (d) 3,202,894 $3,203,535 
Fidelity Securities Lending Cash Central Fund 1.98% (d)(e) 3,654,729 3,655,095 
TOTAL MONEY MARKET FUNDS   
(Cost $6,858,630)  6,858,630 
TOTAL INVESTMENT IN SECURITIES - 101.0%   
(Cost $455,262,354)  494,972,080 
NET OTHER ASSETS (LIABILITIES) - (1.0)%  (4,700,358) 
NET ASSETS - 100%  $490,271,722 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 16 Sept. 2018 $2,321,680 $47,777 $47,777 

The notional amount of futures purchased as a percentage of Net Assets is 0.5%

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) 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 $171,366.

 (d) 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.

 (e) Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $26,072 
Fidelity Securities Lending Cash Central Fund 921 
Total $26,993 

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations if applicable.

Investment Valuation

The following is a summary of the inputs used, as of August 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $63,029,157 $63,029,157 $-- $-- 
Consumer Staples 32,700,405 32,700,405 -- -- 
Energy 28,571,318 28,571,318 -- -- 
Financials 67,276,075 67,276,075 -- -- 
Health Care 71,332,167 71,332,167 -- -- 
Industrials 46,847,924 46,847,924 -- -- 
Information Technology 129,429,597 129,429,597 -- -- 
Materials 12,151,938 12,151,938 -- -- 
Real Estate 13,317,543 13,317,543 -- -- 
Telecommunication Services 9,473,220 9,473,220 -- -- 
Utilities 13,794,806 13,794,806 -- -- 
U.S. Government and Government Agency Obligations 189,300 -- 189,300 -- 
Money Market Funds 6,858,630 6,858,630 -- -- 
Total Investments in Securities: $494,972,080 $494,782,780 $189,300 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $47,777 $47,777 $-- $-- 
Total Assets $47,777 $47,777 $-- $-- 
Total Derivative Instruments: $47,777 $47,777 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2018. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $47,777 $0 
Total Equity Risk 47,777 0 
Total Value of Derivatives $47,777 $0 

 (a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in net unrealized appreciation (depreciation).

See accompanying notes which are an integral part of the financial statements.


Financial Statements

Statement of Assets and Liabilities

  August 31, 2018 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $3,593,171) — See accompanying schedule:
Unaffiliated issuers (cost $448,403,724) 		$488,113,450  
Fidelity Central Funds (cost $6,858,630) 6,858,630  
Total Investment in Securities (cost $455,262,354)  $494,972,080 
Cash  91,950 
Receivable for fund shares sold  1,179,611 
Dividends receivable  895,416 
Distributions receivable from Fidelity Central Funds  4,249 
Receivable for daily variation margin on futures contracts  80 
Other receivables  44 
Total assets  497,143,430 
Liabilities   
Payable for investments purchased $2,889,875  
Payable for fund shares redeemed 326,663  
Collateral on securities loaned 3,655,170  
Total liabilities  6,871,708 
Net Assets  $490,271,722 
Net Assets consist of:   
Paid in capital  $448,800,838 
Undistributed net investment income  1,731,491 
Accumulated undistributed net realized gain (loss) on investments  (18,110) 
Net unrealized appreciation (depreciation) on investments  39,757,503 
Net Assets, for 39,498,329 shares outstanding  $490,271,722 
Net Asset Value, offering price and redemption price per share ($490,271,722 ÷ 39,498,329 shares)  $12.41 

See accompanying notes which are an integral part of the financial statements.


Statement of Operations

  Six months ended August 31, 2018 (Unaudited) 
Investment Income   
Dividends  $3,353,729 
Interest  1,262 
Income from Fidelity Central Funds  26,993 
Total income  3,381,984 
Expenses   
Independent trustees' fees and expenses $612  
Commitment fees 229  
Total expenses  841 
Net investment income (loss)  3,381,143 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (294,980)  
Fidelity Central Funds (61)  
Futures contracts 310,023  
Total net realized gain (loss)  14,982 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 38,623,857  
Futures contracts 42,820  
Total change in net unrealized appreciation (depreciation)  38,666,677 
Net gain (loss)  38,681,659 
Net increase (decrease) in net assets resulting from operations  $42,062,802 

See accompanying notes which are an integral part of the financial statements.


Statement of Changes in Net Assets

 Six months ended August 31, 2018 (Unaudited) For the period
March 9, 2017 (commencement of operations) to February 28, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,381,143 $155,188 
Net realized gain (loss) 14,982 11,162 
Change in net unrealized appreciation (depreciation) 38,666,677 1,090,826 
Net increase (decrease) in net assets resulting from operations 42,062,802 1,257,176 
Distributions to shareholders from net investment income (1,715,316) (89,524) 
Distributions to shareholders from net realized gain (32,744) (11,510) 
Total distributions (1,748,060) (101,034) 
Share transactions   
Proceeds from sales of shares 480,048,778 28,120,249 
Reinvestment of distributions 292,112 101,034 
Cost of shares redeemed (56,765,545) (2,995,790) 
Net increase (decrease) in net assets resulting from share transactions 423,575,345 25,225,493 
Total increase (decrease) in net assets 463,890,087 26,381,635 
Net Assets   
Beginning of period 26,381,635 – 
End of period $490,271,722 $26,381,635 
Other Information   
Undistributed net investment income end of period $1,731,491 $65,664 
Shares   
Sold 41,990,682 2,535,924 
Issued in reinvestment of distributions 25,507 9,003 
Redeemed (4,795,496) (267,291) 
Net increase (decrease) 37,220,693 2,277,636 

See accompanying notes which are an integral part of the financial statements.


Financial Highlights

Fidelity Flex 500 Index Fund

 Six months ended (Unaudited) August 31, Years endedFebruary 28, 
 2018 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $11.58 $10.00 
Income from Investment Operations   
Net investment income (loss)B .12 .22 
Net realized and unrealized gain (loss) .79 1.47 
Total from investment operations .91 1.69 
Distributions from net investment income (.07) (.10) 
Distributions from net realized gain (.01) (.01) 
Total distributions (.08) (.11) 
Net asset value, end of period $12.41 $11.58 
Total ReturnC,D 7.96% 16.91% 
Ratios to Average Net AssetsE,F   
Expenses before reductionsG,H -% -% 
Expenses net of fee waivers, if anyG,H -% -% 
Expenses net of all reductionsG,H -% -% 
Net investment income (loss)G 1.98% 2.04% 
Supplemental Data   
Net assets, end of period (000 omitted) $490,272 $26,382 
Portfolio turnover rateG,I 6%J 10% 

 A For the period March 9, 2017 (commencement of operations) to February 28, 2018.

 B Calculated based on average shares outstanding during the period.

 C Total returns for periods of less than one year are not annualized.

 D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

 F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund.

 G Annualized

 H Amount represents less than .005%.

 I Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

 J Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.


Notes to Financial Statements (Unaudited)

For the period ended August 31, 2018

1. Organization.

Fidelity Flex 500 Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund is available only to certain fee-based accounts offered by Fidelity.

2. Investments in Fidelity Central Funds.

The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .005%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investments Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

  • Level 1 – 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 the Fund's 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 vendor 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 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of August 31, 2018 is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation $47,662,709 
Gross unrealized depreciation (8,313,564) 
Net unrealized appreciation (depreciation) $39,349,145 
Tax cost $455,670,712 

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures 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 and 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:

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.
 

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. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

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 and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, aggregated $199,550,185 and $9,122,729, respectively.

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Fund with investment management related services and the Fund does not pay any fees for these services. Under the management contract, the investment adviser or an affiliate pays all other expenses of the Fund, excluding fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.

Interfund Trades. The Fund may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Exchanges In-Kind. During the period, an affiliated entity completed an exchange in-kind with the Fund. The affiliated entity delivered investments and cash valued at $236,623,797 in exchange for 20,903,162 shares of the Fund. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets. The Fund recognized no gain or loss for federal income tax purposes.

7. Committed Line of Credit.

The Fund participates with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $229 and is reflected in Commitment fees on the Statement of Operations. During the period, the Fund did not borrow on this line of credit.

8. Security Lending.

The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Fund. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. The Fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund may apply collateral received from the borrower against the obligation. The Fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $921. During the period, there were no securities loaned to FCM.

9. Other.

The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.

Shareholder Expense Example

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2018 to August 31, 2018).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

 Annualized Expense Ratio-A Beginning
Account Value
March 1, 2018 		Ending
Account Value
August 31, 2018 		Expenses Paid
During Period-B
March 1, 2018
to August 31, 2018 
Actual - %-C $1,000.00 $1,079.60 $--D 
Hypothetical-E  $1,000.00 $1,025.21 $--D 

 A Annualized expense ratio reflects expenses net of applicable fee waivers.

 B Expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

 C Amount represents less than .005%.

 D Amount represents less than $.005.

 E 5% return per year before expenses

Board Approval of Investment Advisory Contracts

Fidelity Flex 500 Index Fund

At its July 2018 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreement with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the fund for six months through January 31, 2019, in connection with the reunification of the Fidelity Equity High Income Funds Board, which oversees the fund, and the Sector Portfolios Board.

The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management.

The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification, through January 31, 2019, with the understanding that the Board will consider the annual renewal for a full one year period in January 2019.

In connection with its consideration of future renewals of the fund's Advisory Contracts, the Board will consider: (i) the nature, extent and quality of services provided to the fund, including shareholder and administrative services and investment performance; (ii) the competitiveness of the management fee and total expenses for the fund; (iii) the costs of the services and profitability, including the revenues earned and the expenses incurred in conducting the business of developing, marketing, distributing, managing, administering, and servicing the fund and its shareholders, to the extent applicable, as well as potential fall-out benefits from Fidelity's non-fund businesses; and (iv) whether there have been economies of scale in respect of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is the potential for realization of any further economies.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the fund's management fee structure is fair and reasonable, and that the continuation of the fund's Advisory Contracts should be approved.





Fidelity Investments

Corporate Headquarters

245 Summer St.

Boston, MA 02210

www.fidelity.com

Z5I-SANN-1018
1.9881570.101


Item 2.

Code of Ethics


Not applicable.

 

Item 3.

Audit Committee Financial Expert


Not applicable.


Item 4.

Principal Accountant Fees and Services


Not applicable.


Item 5.

Audit Committee of Listed Registrants


Not applicable.


Item 6.  

Investments


(a)

Not applicable.


(b)

Not applicable


Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies


Not applicable.


Item 8.

Portfolio Managers of Closed-End Management Investment Companies


Not applicable.


Item 9.  

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers


Not applicable.


Item 10.

Submission of Matters to a Vote of Security Holders


There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Concord Street Trust’s Board of Trustees.


Item 11.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Concord Street Trust’s (the “Trust”) disclosure controls and procedures (as



defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.


Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies


Not applicable.



Item 13.

Exhibits


(a)

(1)

Not applicable.

(a)

(2)

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

(a)

(3)

Not applicable.

(b)


Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Concord Street Trust



By:

/s/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

October 24, 2018


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:

/s/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

October 24, 2018



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

October 24, 2018