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:

October 31



Date of reporting period:

April 30, 2019


Item 1.

Reports to Stockholders




Fidelity® Series International Index Fund



Semi-Annual Report

April 30, 2019




Fidelity Investments


Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.

You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.

Account Type Website Phone Number 
Brokerage, Mutual Fund, or Annuity Contracts: fidelity.com/mailpreferences 1-800-343-3548 
Employer Provided Retirement Accounts: netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) 1-800-343-0860 
Advisor Sold Accounts Serviced Through Your Financial Intermediary: Contact Your Financial Intermediary Your Financial Intermediary's phone number 
Advisor Sold Accounts Serviced by Fidelity: institutional.fidelity.com 1-877-208-0098 


Contents

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


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. © 2019 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-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT 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 April 30, 2019

 % of fund's net assets 
Nestle SA (Reg. S) (Switzerland, Food Products) 2.1 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 1.3 
Novartis AG (Switzerland, Pharmaceuticals) 1.2 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 1.2 
BP PLC (United Kingdom, 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 
Total SA (France, Oil, Gas & Consumable Fuels) 0.9 
SAP SE (Germany, Software) 0.9 
AIA Group Ltd. (Hong Kong, Insurance) 0.9 
 11.5 

Top Market Sectors as of April 30, 2019

 % of fund's net assets 
Financials 18.9 
Industrials 14.4 
Consumer Staples 11.7 
Consumer Discretionary 11.3 
Health Care 10.5 
Materials 7.2 
Information Technology 6.5 
Energy 5.7 
Communication Services 4.9 
Real Estate 3.6 

Geographic Diversification (% of fund's net assets)

As of April 30, 2019 
   Japan 23.3% 
   United Kingdom 15.9% 
   France 10.3% 
   Switzerland 8.7% 
   Germany 8.7% 
   Australia 6.7% 
   Netherlands 4.8% 
   Spain 3.0% 
   Hong Kong 2.9% 
   Other* 15.7% 


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

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2019

 % of fund's net assets 
Stocks and Equity Futures 100.1 
Short-Term Investments and Net Other Assets (Liabilities) (0.1) 

Schedule of Investments April 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.0%   
 Shares Value 
Australia - 6.7%   
AGL Energy Ltd. 3,278 $51,370 
Alumina Ltd. 12,193 19,254 
Amcor Ltd. 5,813 65,689 
AMP Ltd. 14,684 23,498 
APA Group unit 5,924 40,174 
Aristocrat Leisure Ltd. 2,865 52,673 
ASX Ltd. 962 50,523 
Aurizon Holdings Ltd. 10,015 33,606 
Australia & New Zealand Banking Group Ltd. 14,408 276,268 
Bank of Queensland Ltd. 1,998 13,057 
Bendigo & Adelaide Bank Ltd. 2,428 17,630 
BHP Billiton Ltd. 14,812 391,960 
BlueScope Steel Ltd. 2,689 25,496 
Boral Ltd. 5,804 19,844 
Brambles Ltd. 7,950 67,532 
Caltex Australia Ltd. 1,294 24,821 
Challenger Ltd. 2,734 15,843 
Cimic Group Ltd. 483 17,225 
Coca-Cola Amatil Ltd. 2,517 15,614 
Cochlear Ltd. 288 38,033 
Coles Group Ltd. (a) 5,675 50,447 
Commonwealth Bank of Australia 8,895 467,280 
Computershare Ltd. 2,277 28,620 
Crown Ltd. 1,845 17,285 
CSL Ltd. 2,275 318,459 
DEXUS Property Group unit 5,099 44,932 
Dominos Pizza Enterprises Ltd. 373 11,307 
Flight Centre Travel Group Ltd. 378 10,232 
Fortescue Metals Group Ltd. 7,796 39,295 
Goodman Group unit 8,187 75,952 
Harvey Norman Holdings Ltd. 4,011 11,791 
Incitec Pivot Ltd. 8,125 19,302 
Insurance Australia Group Ltd. 11,581 64,333 
Lendlease Group unit 2,828 26,515 
Macquarie Group Ltd. 1,622 154,020 
Medibank Private Ltd. 13,734 27,690 
Mirvac Group unit 18,295 36,499 
National Australia Bank Ltd. 13,748 245,471 
Newcrest Mining Ltd. 3,854 67,949 
Orica Ltd. 1,897 24,874 
Origin Energy Ltd. 8,803 45,736 
QBE Insurance Group Ltd. 6,650 60,615 
Ramsay Health Care Ltd. 706 32,509 
realestate.com.au Ltd. 257 14,476 
Rio Tinto Ltd. 1,867 125,520 
Santos Ltd. 8,846 44,837 
Scentre Group unit 26,723 71,963 
SEEK Ltd. 1,657 21,271 
Sonic Healthcare Ltd. 2,171 39,256 
South32 Ltd. 25,513 60,071 
SP AusNet 10,190 12,751 
Stockland Corp. Ltd. unit 12,047 32,017 
Suncorp Group Ltd. 6,510 60,899 
Sydney Airport unit 5,516 29,630 
Tabcorp Holdings Ltd. 9,445 31,893 
Telstra Corp. Ltd. 20,823 49,616 
The GPT Group unit 9,039 36,512 
TPG Telecom Ltd. 2,253 10,705 
Transurban Group unit 13,401 126,968 
Treasury Wine Estates Ltd. 3,580 43,408 
Vicinity Centres unit 16,326 29,233 
Washington H. Soul Pattinson & Co. Ltd. 620 10,048 
Wesfarmers Ltd. 5,676 144,087 
Westpac Banking Corp. 17,259 335,280 
Woodside Petroleum Ltd. 4,694 117,107 
Woolworths Group Ltd. 6,601 148,210 
WorleyParsons Ltd. 1,613 16,283 
TOTAL AUSTRALIA  4,753,264 
Austria - 0.2%   
Andritz AG 363 17,303 
Erste Group Bank AG 1,510 60,462 
OMV AG 740 39,632 
Raiffeisen International Bank-Holding AG 741 19,755 
Verbund AG 340 16,863 
Voestalpine AG 580 18,625 
TOTAL AUSTRIA  172,640 
Bailiwick of Jersey - 0.7%   
Experian PLC 4,567 132,940 
Ferguson PLC 1,165 82,642 
Glencore Xstrata PLC 56,557 224,393 
WPP PLC 6,324 78,910 
TOTAL BAILIWICK OF JERSEY  518,885 
Belgium - 1.0%   
Ageas 918 48,393 
Anheuser-Busch InBev SA NV 3,826 340,159 
Colruyt NV 299 21,550 
Groupe Bruxelles Lambert SA 410 39,189 
KBC Groep NV 1,252 92,708 
Proximus 749 20,960 
Solvay SA Class A 370 44,466 
Telenet Group Holding NV 262 13,905 
UCB SA 634 50,289 
Umicore SA 1,051 40,669 
TOTAL BELGIUM  712,288 
Bermuda - 0.3%   
Cheung Kong Infrastructure Holdings Ltd. 3,500 28,420 
Dairy Farm International Holdings Ltd. 1,600 12,528 
Hongkong Land Holdings Ltd. 5,900 41,123 
Jardine Matheson Holdings Ltd. 1,097 72,183 
Jardine Strategic Holdings Ltd. 1,093 41,337 
Kerry Properties Ltd. 3,500 14,946 
NWS Holdings Ltd. 8,000 16,622 
Shangri-La Asia Ltd. 6,000 8,505 
Yue Yuen Industrial (Holdings) Ltd. 3,500 11,310 
TOTAL BERMUDA  246,974 
Cayman Islands - 0.7%   
ASM Pacific Technology Ltd. 1,500 17,371 
BeiGene Ltd. ADR (a) 163 20,249 
Cheung Kong Property Holdings Ltd. 13,000 104,400 
CK Hutchison Holdings Ltd. 13,500 141,801 
Melco Crown Entertainment Ltd. sponsored ADR 1,232 30,923 
MGM China Holdings Ltd. 5,600 11,536 
Minth Group Ltd. 4,000 12,620 
Sands China Ltd. 12,000 65,929 
WH Group Ltd. (b) 44,000 52,162 
Wharf Real Estate Investment Co. Ltd. 6,000 45,967 
Wynn Macau Ltd. 7,600 21,798 
TOTAL CAYMAN ISLANDS  524,756 
Denmark - 1.7%   
A.P. Moller - Maersk A/S:   
Series A 21 25,586 
Series B 31 39,962 
Carlsberg A/S Series B 537 69,365 
Christian Hansen Holding A/S 498 50,800 
Coloplast A/S Series B 597 64,415 
Danske Bank A/S 3,605 63,935 
DONG Energy A/S (b) 952 72,884 
DSV de Sammensluttede Vognmaend A/S 945 87,312 
Genmab A/S (a) 309 51,297 
H Lundbeck A/S 349 14,681 
ISS Holdings A/S 833 25,905 
Novo Nordisk A/S Series B 9,130 447,320 
Novozymes A/S Series B 1,102 51,356 
Pandora A/S 550 23,070 
Tryg A/S 610 18,640 
Vestas Wind Systems A/S 981 88,722 
William Demant Holding A/S (a) 505 15,932 
TOTAL DENMARK  1,211,182 
Finland - 1.1%   
Elisa Corp. (A Shares) 711 30,168 
Fortum Corp. 2,236 47,249 
Kone Oyj (B Shares) 1,710 93,710 
Metso Corp. 530 19,742 
Neste Oyj 1,933 63,827 
Nokia Corp. 28,297 148,690 
Nokian Tyres PLC 594 19,867 
Nordea Bank ABP (Stockholm Stock Exchange) 15,287 120,268 
Orion Oyj (B Shares) 523 17,381 
Sampo Oyj (A Shares) 2,241 102,611 
Stora Enso Oyj (R Shares) 2,767 34,340 
UPM-Kymmene Corp. 2,688 75,703 
Wartsila Corp. 2,230 35,567 
TOTAL FINLAND  809,123 
France - 10.3%   
Accor SA 936 39,431 
Aeroports de Paris 148 30,145 
Air Liquide SA 2,155 286,684 
Alstom SA 783 34,426 
Amundi SA (b) 301 21,623 
Arkema SA 343 35,185 
Atos Origin SA 479 49,308 
AXA SA 9,761 260,292 
BIC SA 136 11,723 
bioMerieux SA 206 16,347 
BNP Paribas SA 5,647 300,607 
Bollore SA 4,388 20,848 
Bouygues SA 1,104 41,531 
Bureau Veritas SA 1,325 33,557 
Capgemini SA 802 97,238 
Carrefour SA 2,966 57,784 
Casino Guichard Perrachon SA 285 11,667 
CNP Assurances 864 20,389 
Compagnie de St. Gobain 2,492 102,172 
Covivio 230 24,894 
Credit Agricole SA 5,751 78,887 
Danone SA 3,099 250,639 
Dassault Aviation SA 13 19,670 
Dassault Systemes SA 654 103,464 
Edenred SA 1,196 56,354 
EDF SA 3,019 43,478 
Eiffage SA 394 41,142 
ENGIE 9,186 136,051 
Essilor International SA 1,444 175,935 
Eurazeo SA 233 18,280 
Eutelsat Communications 870 15,700 
Faurecia SA 379 19,248 
Gecina SA 230 34,336 
Groupe Eurotunnel SA 2,345 37,743 
Hermes International SCA 159 111,851 
ICADE 168 14,358 
Iliad SA 133 13,530 
Imerys SA 243 12,941 
Ingenico SA 299 25,206 
Ipsen SA 188 21,951 
JCDecaux SA 404 13,231 
Kering SA 380 224,612 
Klepierre SA 1,024 36,374 
L'Oreal SA 1,267 348,304 
Legrand SA 1,337 98,252 
LVMH Moet Hennessy - Louis Vuitton SA 1,395 547,701 
Michelin CGDE Series B 858 110,948 
Natixis SA 4,704 27,688 
Orange SA 10,003 156,332 
Pernod Ricard SA 1,066 185,740 
Peugeot Citroen SA 2,949 77,266 
Publicis Groupe SA 1,060 63,002 
Remy Cointreau SA 112 14,924 
Renault SA 967 65,965 
Rexel SA 1,518 20,397 
Safran SA 1,677 244,441 
Sanofi SA 5,662 494,006 
Sartorius Stedim Biotech 138 18,728 
Schneider Electric SA 2,760 233,595 
SCOR SE 819 33,400 
SEB SA 113 20,684 
Societe Generale Series A 3,852 122,153 
Sodexo SA 441 50,575 
SR Teleperformance SA 289 55,526 
Suez Environnement SA 1,861 26,143 
Thales SA 534 63,757 
Total SA 12,137 674,705 
Ubisoft Entertainment SA (a) 416 39,744 
Valeo SA 1,204 43,713 
Veolia Environnement SA 2,686 63,446 
VINCI SA 2,554 257,944 
Vivendi SA 5,234 151,921 
Wendel SA 137 18,962 
TOTAL FRANCE  7,330,794 
Germany - 8.2%   
adidas AG 905 232,548 
Allianz SE 2,136 516,301 
Axel Springer Verlag AG 239 13,537 
BASF AG 4,616 376,855 
Bayer AG 4,683 311,681 
Bayerische Motoren Werke AG (BMW) 1,641 139,697 
Beiersdorf AG 506 55,300 
Brenntag AG 779 41,991 
Commerzbank AG 5,015 45,066 
Continental AG 553 91,399 
Covestro AG (b) 963 52,655 
Daimler AG (Germany) 4,570 299,034 
Delivery Hero AG (a)(b) 463 21,338 
Deutsche Bank AG 9,844 81,361 
Deutsche Borse AG 953 127,342 
Deutsche Lufthansa AG 1,178 28,433 
Deutsche Post AG 4,970 172,759 
Deutsche Telekom AG 16,740 280,477 
Deutsche Wohnen AG (Bearer) 1,793 80,582 
Drillisch AG 322 12,005 
E.ON AG 11,059 118,903 
Evonik Industries AG 820 24,428 
Fraport AG Frankfurt Airport Services Worldwide 210 17,392 
Fresenius Medical Care AG & Co. KGaA 1,086 91,532 
Fresenius SE & Co. KGaA 2,095 118,850 
GEA Group AG 814 22,752 
Hannover Reuck SE 306 46,127 
HeidelbergCement Finance AG 743 60,001 
Henkel AG & Co. KGaA 539 51,356 
Hochtief AG 124 18,497 
Hugo Boss AG 315 21,961 
Infineon Technologies AG 5,684 134,743 
innogy SE (b) 714 33,146 
KION Group AG 354 24,236 
Lanxess AG 433 25,011 
Merck KGaA 649 69,065 
Metro Wholesale & Food Specialist AG 905 15,327 
MTU Aero Engines Holdings AG 261 61,387 
Muenchener Rueckversicherungs AG 753 188,338 
OSRAM Licht AG 484 16,552 
ProSiebenSat.1 Media AG 1,158 18,306 
Puma AG 41 25,361 
RWE AG 2,600 66,401 
SAP SE 4,934 636,033 
Siemens AG 3,845 461,024 
Siemens Healthineers AG (b) 755 32,196 
Symrise AG 621 59,691 
Telefonica Deutschland Holding AG 4,458 14,480 
Thyssenkrupp AG 2,182 30,677 
TUI AG (GB) 2,201 24,505 
Uniper SE 1,017 30,809 
United Internet AG 611 24,486 
Volkswagen AG 160 28,605 
Vonovia SE 2,473 123,347 
Wirecard AG 589 88,325 
Zalando SE (a)(b) 563 26,483 
TOTAL GERMANY  5,830,694 
Hong Kong - 2.9%   
AIA Group Ltd. 60,600 620,510 
Bank of East Asia Ltd. 6,441 20,321 
BOC Hong Kong (Holdings) Ltd. 18,500 82,775 
CLP Holdings Ltd. 8,500 96,379 
Galaxy Entertainment Group Ltd. 12,000 89,715 
Hang Lung Group Ltd. 4,000 11,906 
Hang Lung Properties Ltd. 10,000 23,506 
Hang Seng Bank Ltd. 3,800 99,786 
Henderson Land Development Co. Ltd. 7,000 43,099 
Hong Kong & China Gas Co. Ltd. 46,000 109,814 
Hong Kong Exchanges and Clearing Ltd. 5,911 204,950 
Hysan Development Co. Ltd. 3,000 16,788 
Link (REIT) 10,500 122,470 
MTR Corp. Ltd. 8,006 47,660 
New World Development Co. Ltd. 31,000 51,293 
PCCW Ltd. 21,000 12,662 
Power Assets Holdings Ltd. 7,000 48,809 
Sino Land Ltd. 16,083 28,292 
SJM Holdings Ltd. 11,000 13,279 
Sun Hung Kai Properties Ltd. 8,000 138,079 
Swire Pacific Ltd. (A Shares) 2,500 31,645 
Swire Properties Ltd. 5,800 23,548 
Techtronic Industries Co. Ltd. 7,000 50,594 
Wharf Holdings Ltd. 6,000 17,247 
Wheelock and Co. Ltd. 4,000 28,477 
TOTAL HONG KONG  2,033,604 
Ireland - 0.7%   
AIB Group PLC 4,025 18,681 
Bank Ireland Group PLC 4,837 30,869 
CRH PLC 4,090 137,590 
DCC PLC (United Kingdom) 492 43,935 
James Hardie Industries PLC CDI 2,205 29,969 
Kerry Group PLC Class A 793 88,765 
Kingspan Group PLC (Ireland) 762 40,066 
Paddy Power Betfair PLC (Ireland) 396 33,169 
Ryanair Holdings PLC sponsored ADR (a) 135 10,481 
Smurfit Kappa Group PLC 1,123 32,912 
TOTAL IRELAND  466,437 
Isle of Man - 0.1%   
Gaming VC Holdings SA 2,756 23,460 
Genting Singapore Ltd. 30,000 21,726 
TOTAL ISLE OF MAN  45,186 
Israel - 0.5%   
Azrieli Group 213 12,124 
Bank Hapoalim BM (Reg.) 5,393 39,646 
Bank Leumi le-Israel BM 7,545 51,608 
Bezeq The Israel Telecommunication Corp. Ltd. 10,225 6,991 
Check Point Software Technologies Ltd. (a) 623 75,233 
Elbit Systems Ltd. (Israel) 119 16,564 
Israel Chemicals Ltd. 3,559 18,844 
Mizrahi Tefahot Bank Ltd. 706 15,264 
NICE Systems Ltd. (a) 305 42,080 
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) 4,861 73,984 
Wix.com Ltd. (a) 217 29,113 
TOTAL ISRAEL  381,451 
Italy - 1.9%   
Assicurazioni Generali SpA 5,936 115,180 
Atlantia SpA 2,491 67,948 
Davide Campari-Milano SpA 2,903 29,255 
Enel SpA 40,919 259,106 
Eni SpA 12,800 218,127 
Intesa Sanpaolo SpA 74,719 195,765 
Leonardo SpA 2,028 23,417 
Mediobanca SpA 3,109 32,953 
Moncler SpA 893 36,628 
Pirelli & C. SpA (b) 2,014 14,701 
Poste Italiane SpA (b) 2,624 27,989 
Prysmian SpA 1,201 23,156 
Recordati SpA 522 21,071 
Snam Rete Gas SpA 11,371 57,864 
Telecom Italia SpA (a) 58,797 32,913 
Terna SpA 7,070 42,329 
UniCredit SpA 10,070 139,261 
TOTAL ITALY  1,337,663 
Japan - 23.3%   
ABC-MART, Inc. 200 12,424 
ACOM Co. Ltd. 1,800 6,302 
AEON Co. Ltd. 3,000 55,330 
AEON Financial Service Co. Ltd. 600 12,383 
AEON MALL Co. Ltd. 500 7,648 
Agc, Inc. 900 30,580 
Air Water, Inc. 900 13,670 
Aisin Seiki Co. Ltd. 800 30,917 
Ajinomoto Co., Inc. 2,200 35,401 
Alfresa Holdings Corp. 900 25,006 
All Nippon Airways Ltd. 600 20,942 
Alps Electric Co. Ltd. 1,000 21,069 
Amada Holdings Co. Ltd. 1,700 18,863 
Aozora Bank Ltd. 600 14,591 
Asahi Group Holdings 1,800 78,030 
ASAHI INTECC Co. Ltd. 500 25,181 
Asahi Kasei Corp. (c) 6,300 64,643 
Asics Corp. 900 11,028 
Astellas Pharma, Inc. (c) 9,400 127,312 
Bandai Namco Holdings, Inc. 1,000 47,578 
Bank of Kyoto Ltd. 300 12,927 
Benesse Holdings, Inc. 300 8,254 
Bridgestone Corp. (c) 3,100 122,614 
Brother Industries Ltd. 1,100 21,557 
Calbee, Inc. 500 13,735 
Canon, Inc. (c) 5,000 138,740 
Casio Computer Co. Ltd. 1,000 12,577 
Central Japan Railway Co. 700 150,155 
Chiba Bank Ltd. 2,900 15,125 
Chubu Electric Power Co., Inc. 3,000 43,521 
Chugai Pharmaceutical Co. Ltd. 1,100 69,518 
Chugoku Electric Power Co., Inc. 1,400 16,678 
Coca-Cola West Co. Ltd. 700 17,199 
Concordia Financial Group Ltd. (c) 5,300 20,554 
Credit Saison Co. Ltd. 900 11,440 
CyberAgent, Inc. 500 19,884 
Dai Nippon Printing Co. Ltd. 1,200 28,364 
Dai-ichi Mutual Life Insurance Co. (c) 5,400 77,319 
Daicel Chemical Industries Ltd. 1,300 14,494 
Daifuku Co. Ltd. 500 30,432 
Daiichi Sankyo Kabushiki Kaisha 2,800 137,769 
Daikin Industries Ltd. (c) 1,300 165,515 
Dainippon Sumitomo Pharma Co. Ltd. 800 17,595 
Daito Trust Construction Co. Ltd. 400 53,378 
Daiwa House Industry Co. Ltd. 2,800 78,197 
Daiwa House REIT Investment Corp. 20,643 
Daiwa Securities Group, Inc. (c) 8,000 37,239 
DeNA Co. Ltd. 500 7,788 
DENSO Corp. (c) 2,200 95,845 
Dentsu, Inc. 1,100 44,782 
Disco Corp. 100 17,128 
East Japan Railway Co. 1,500 140,917 
Eisai Co. Ltd. (c) 1,300 75,319 
Electric Power Development Co. Ltd. 700 16,213 
FamilyMart Co. Ltd. (c) 1,300 34,637 
Fanuc Corp. 1,000 187,876 
Fast Retailing Co. Ltd. 300 173,060 
Fuji Electric Co. Ltd. 600 21,141 
Fujifilm Holdings Corp. 1,900 88,420 
Fujitsu Ltd. 1,000 73,028 
Fukuoka Financial Group, Inc. 800 18,500 
Hakuhodo DY Holdings, Inc. 1,100 18,495 
Hamamatsu Photonics K.K. 700 28,309 
Hankyu Hanshin Holdings, Inc. 1,100 40,980 
Hikari Tsushin, Inc. 100 18,439 
Hino Motors Ltd. 1,400 13,171 
Hirose Electric Co. Ltd. 100 11,545 
Hisamitsu Pharmaceutical Co., Inc. 300 12,685 
Hitachi Chemical Co. Ltd. 500 13,241 
Hitachi Construction Machinery Co. Ltd. 500 13,241 
Hitachi High-Technologies Corp. 300 13,331 
Hitachi Ltd. 4,800 158,959 
Hitachi Metals Ltd. 1,100 12,650 
Honda Motor Co. Ltd. (c) 8,200 228,804 
Hoshizaki Corp. 300 19,390 
Hoya Corp. 1,900 133,296 
Hulic Co. Ltd. 1,500 12,900 
Idemitsu Kosan Co. Ltd. 982 31,780 
IHI Corp. 700 16,571 
Iida Group Holdings Co. Ltd. 700 11,808 
INPEX Corp. (c) 5,100 49,491 
Isetan Mitsukoshi Holdings Ltd. 1,600 15,211 
Isuzu Motors Ltd. 2,700 38,672 
Itochu Corp. (c) 6,800 122,088 
J. Front Retailing Co. Ltd. 1,100 13,380 
Japan Airlines Co. Ltd. 600 20,085 
Japan Airport Terminal Co. Ltd. 200 8,412 
Japan Exchange Group, Inc. 2,500 40,576 
Japan Post Bank Co. Ltd. 2,000 21,958 
Japan Post Holdings Co. Ltd. (c) 7,900 88,152 
Japan Prime Realty Investment Corp. 15,979 
Japan Real Estate Investment Corp. (c) 38,772 
Japan Retail Fund Investment Corp. 13 24,857 
Japan Tobacco, Inc. (c) 5,500 127,092 
JFE Holdings, Inc. (c) 2,500 42,753 
JGC Corp. 1,000 14,256 
JSR Corp. 900 13,638 
JTEKT Corp. 1,000 12,828 
JX Holdings, Inc. (c) 16,100 78,148 
Kajima Corp. 2,200 32,488 
Kakaku.com, Inc. 700 14,327 
Kamigumi Co. Ltd. 500 11,904 
Kaneka Corp. 200 7,684 
Kansai Electric Power Co., Inc. 3,500 42,275 
Kansai Paint Co. Ltd. 900 17,088 
Kao Corp. (c) 2,500 192,042 
Kawasaki Heavy Industries Ltd. 700 16,250 
KDDI Corp. (c) 8,900 205,123 
Keihan Electric Railway Co., Ltd. 500 21,208 
Keihin Electric Express Railway Co. Ltd. 1,100 18,723 
Keio Corp. 500 30,073 
Keisei Electric Railway Co. 600 20,952 
Keyence Corp. 500 310,247 
Kikkoman Corp. 700 32,425 
Kintetsu Group Holdings Co. Ltd. (c) 900 39,872 
Kirin Holdings Co. Ltd. (c) 4,100 92,733 
Kobayashi Pharmaceutical Co. Ltd. 200 15,907 
Kobe Steel Ltd. 1,500 11,432 
Koito Manufacturing Co. Ltd. 500 29,714 
Komatsu Ltd. (c) 4,600 118,820 
Konami Holdings Corp. 500 22,712 
Konica Minolta, Inc. 2,200 22,001 
Kose Corp. (c) 200 37,434 
Kubota Corp. 4,900 74,031 
Kuraray Co. Ltd. 1,600 21,358 
Kurita Water Industries Ltd. 500 12,954 
Kyocera Corp. 1,600 103,272 
Kyowa Hakko Kirin Co., Ltd. 1,300 25,161 
Kyushu Electric Power Co., Inc. (c) 1,900 18,370 
Kyushu Railway Co. 800 25,998 
Lawson, Inc. 200 9,318 
LINE Corp. (a) 400 13,402 
Lion Corp. 1,100 22,593 
LIXIL Group Corp. 1,300 16,887 
M3, Inc. 2,100 37,119 
Makita Corp. 1,100 39,993 
Marubeni Corp. (c) 7,800 55,674 
Marui Group Co. Ltd. 900 18,235 
Maruichi Steel Tube Ltd. 300 8,268 
Mazda Motor Corp. 2,800 33,066 
McDonald's Holdings Co. (Japan) Ltd. 300 13,870 
Mebuki Financial Group, Inc. 4,400 11,178 
Medipal Holdings Corp. 800 17,918 
Meiji Holdings Co. Ltd. 600 47,130 
Minebea Mitsumi, Inc. 1,900 33,601 
Misumi Group, Inc. 1,400 36,170 
Mitsubishi Chemical Holdings Corp. (c) 6,400 45,336 
Mitsubishi Corp. (c) 6,800 186,551 
Mitsubishi Electric Corp. (c) 9,100 129,236 
Mitsubishi Estate Co. Ltd. (c) 5,900 99,335 
Mitsubishi Gas Chemical Co., Inc. 800 11,922 
Mitsubishi Heavy Industries Ltd. 1,500 62,225 
Mitsubishi Materials Corp. 500 12,945 
Mitsubishi Motors Corp. of Japan 3,300 18,456 
Mitsubishi Tanabe Pharma Corp. 1,200 15,060 
Mitsubishi UFJ Financial Group, Inc. (c) 58,900 292,234 
Mitsubishi UFJ Lease & Finance Co. Ltd. 2,300 11,645 
Mitsui & Co. Ltd. (c) 8,300 133,670 
Mitsui Chemicals, Inc. 900 21,960 
Mitsui Fudosan Co. Ltd. (c) 4,500 103,699 
Mitsui OSK Lines Ltd. 600 15,189 
Mizuho Financial Group, Inc. (c) 120,900 188,813 
MonotaRO Co. Ltd. 600 13,800 
MS&AD Insurance Group Holdings, Inc. (c) 2,400 74,072 
Murata Manufacturing Co. Ltd. 2,700 135,577 
Nabtesco Corp. 600 18,259 
Nagoya Railroad Co. Ltd. 900 24,319 
NEC Corp. 1,300 43,705 
New Hampshire Foods Ltd. (c) 500 20,064 
Nexon Co. Ltd. (a) 2,200 31,520 
NGK Insulators Ltd. 1,300 19,186 
NGK Spark Plug Co. Ltd. 800 15,491 
Nidec Corp. 1,100 155,873 
Nikon Corp. 1,600 22,263 
Nintendo Co. Ltd. 600 206,649 
Nippon Building Fund, Inc. 45,056 
Nippon Electric Glass Co. Ltd. 500 13,690 
Nippon Express Co. Ltd. 400 21,904 
Nippon Paint Holdings Co. Ltd. 700 26,487 
Nippon Prologis REIT, Inc. 19,310 
Nippon Steel & Sumitomo Metal Corp. 4,000 71,116 
Nippon Telegraph & Telephone Corp. 3,200 133,147 
Nippon Yusen KK 800 13,616 
Nissan Chemical Corp. 600 26,554 
Nissan Motor Co. Ltd. (c) 11,600 93,125 
Nisshin Seifun Group, Inc. 1,000 23,197 
Nissin Food Holdings Co. Ltd. 300 19,741 
Nitori Holdings Co. Ltd. 400 47,578 
Nitto Denko Corp. 800 43,018 
NKSJ Holdings, Inc. 1,600 59,766 
Nomura Holdings, Inc. (c) 17,200 65,123 
Nomura Real Estate Holdings, Inc. 600 12,685 
Nomura Real Estate Master Fund, Inc. 19 27,819 
Nomura Research Institute Ltd. 600 29,247 
NSK Ltd. 1,700 17,550 
NTT Data Corp. 3,100 36,011 
NTT DOCOMO, Inc. (c) 6,700 145,494 
Obayashi Corp. 3,200 31,283 
OBIC Co. Ltd. 300 34,634 
Odakyu Electric Railway Co. Ltd. (c) 1,500 35,199 
Oji Holdings Corp. (c) 4,300 25,709 
Olympus Corp. (c) 5,800 64,771 
OMRON Corp. (c) 1,000 53,414 
Ono Pharmaceutical Co. Ltd. (c) 1,900 35,469 
Oracle Corp. Japan 200 13,663 
Oriental Land Co. Ltd. 1,000 110,149 
ORIX Corp. (c) 6,600 93,109 
Osaka Gas Co. Ltd. (c) 1,900 35,051 
Otsuka Corp. 500 19,615 
Otsuka Holdings Co. Ltd. 1,900 67,697 
Pan Pacific International Hold 600 38,619 
Panasonic Corp. (c) 11,000 101,290 
Park24 Co. Ltd. 600 12,566 
Persol Holdings Co., Ltd. 900 16,837 
Pigeon Corp. 600 25,396 
Pola Orbis Holdings, Inc. (c) 500 15,710 
Rakuten, Inc. (c) 4,300 47,673 
Recruit Holdings Co. Ltd. (c) 5,500 164,366 
Renesas Electronics Corp. (a) 4,100 21,826 
Resona Holdings, Inc. (c) 10,400 43,852 
Ricoh Co. Ltd. 3,300 33,268 
Rinnai Corp. 200 13,430 
ROHM Co. Ltd. 500 36,582 
Ryohin Keikaku Co. Ltd. 100 18,978 
Sankyo Co. Ltd. (Gunma) 300 11,809 
Santen Pharmaceutical Co. Ltd. 1,800 27,373 
SBI Holdings, Inc. Japan 1,200 25,563 
Secom Co. Ltd. 1,000 83,828 
Sega Sammy Holdings, Inc. 1,000 12,604 
Seibu Holdings, Inc. 1,100 17,844 
Seiko Epson Corp. 1,400 22,358 
Sekisui Chemical Co. Ltd. 1,800 28,779 
Sekisui House Ltd. 3,100 49,869 
Seven & i Holdings Co. Ltd. (c) 3,800 131,508 
Seven Bank Ltd. 3,800 10,302 
SG Holdings Co. Ltd. 500 13,353 
Sharp Corp. 1,100 12,205 
Shimadzu Corp. 1,100 29,368 
Shimamura Co. Ltd. 100 7,442 
SHIMANO, Inc. 400 58,495 
SHIMIZU Corp. 2,700 23,002 
Shin-Etsu Chemical Co. Ltd. 1,800 170,504 
Shinsei Bank Ltd. 800 11,074 
Shionogi & Co. Ltd. 1,400 81,390 
Shiseido Co. Ltd. 1,900 148,698 
Shizuoka Bank Ltd. 2,100 16,024 
Showa Denko K.K. 700 23,659 
SMC Corp. 300 124,045 
SoftBank Corp. (c) 4,200 445,332 
SoftBank Corp. (c) 8,400 98,934 
Sohgo Security Services Co., Ltd. 300 13,344 
Sony Corp. (c) 6,400 322,356 
Sony Financial Holdings, Inc. 800 16,281 
Stanley Electric Co. Ltd. 600 16,213 
Subaru Corp. (c) 3,100 75,709 
Sumco Corp. 1,200 15,728 
Sumitomo Chemical Co. Ltd. 7,300 36,174 
Sumitomo Corp. (c) 5,600 79,907 
Sumitomo Electric Industries Ltd. 3,700 48,976 
Sumitomo Heavy Industries Ltd. 500 17,617 
Sumitomo Metal Mining Co. Ltd. (c) 1,200 37,477 
Sumitomo Mitsui Financial Group, Inc. (c) 6,700 243,520 
Sumitomo Mitsui Trust Holdings, Inc. 1,600 55,826 
Sumitomo Realty & Development Co. Ltd. 1,800 66,299 
Sumitomo Rubber Industries Ltd. 1,000 12,272 
Sundrug Co. Ltd. 300 8,015 
Suntory Beverage & Food Ltd. 700 30,791 
Suzuken Co. Ltd. 400 22,981 
Suzuki Motor Corp. 1,700 77,297 
Sysmex Corp. 800 45,618 
T&D Holdings, Inc. 2,700 29,001 
Taiheiyo Cement Corp. 600 19,229 
Taisei Corp. (c) 1,100 48,140 
Taisho Pharmaceutical Holdings Co. Ltd. 200 18,457 
Taiyo Nippon Sanso Corp. 800 13,279 
Takashimaya Co. Ltd. 900 10,091 
Takeda Pharmaceutical Co. Ltd. (c) 7,441 274,586 
TDK Corp. 600 52,193 
Teijin Ltd. 900 15,407 
Terumo Corp. 3,000 90,139 
THK Co. Ltd. 600 15,652 
Tobu Railway Co. Ltd. 900 25,369 
Toho Co. Ltd. 600 25,073 
Toho Gas Co. Ltd. 400 16,446 
Tohoku Electric Power Co., Inc. 2,100 23,980 
Tokio Marine Holdings, Inc. 3,200 160,926 
Tokyo Century Corp. 200 9,193 
Tokyo Electric Power Co., Inc. (a)(c) 7,200 40,591 
Tokyo Electron Ltd. 800 126,720 
Tokyo Gas Co. Ltd. 1,900 48,219 
Tokyu Corp. 2,500 40,666 
Tokyu Fudosan Holdings Corp. 3,000 16,859 
Toppan Printing Co. Ltd. 1,200 19,401 
Toray Industries, Inc. (c) 6,900 47,217 
Toshiba Corp. (c) 3,300 109,610 
Tosoh Corp. 1,300 20,831 
Toto Ltd. 700 29,472 
Toyo Seikan Group Holdings Ltd. (c) 800 15,936 
Toyo Suisan Kaisha Ltd. 400 15,207 
Toyoda Gosei Co. Ltd. 300 6,221 
Toyota Industries Corp. 700 39,589 
Toyota Motor Corp. (c) 11,500 711,970 
Toyota Tsusho Corp. (c) 1,100 36,339 
Trend Micro, Inc. 600 29,947 
Tsuruha Holdings, Inc. 200 17,003 
Unicharm Corp. 2,000 65,515 
United Urban Investment Corp. 14 22,346 
USS Co. Ltd. 1,000 19,085 
Welcia Holdings Co. Ltd. 300 11,782 
West Japan Railway Co. 800 59,335 
Yahoo! Japan Corp. (c) 14,000 37,201 
Yakult Honsha Co. Ltd. 600 40,666 
Yamada Denki Co. Ltd. 3,000 14,193 
Yamaguchi Financial Group, Inc. 900 6,625 
Yamaha Corp. 700 36,133 
Yamaha Motor Co. Ltd. 1,400 28,755 
Yamato Holdings Co. Ltd. 1,500 32,486 
Yamazaki Baking Co. Ltd. 700 10,381 
Yaskawa Electric Corp. 1,200 44,113 
Yokogawa Electric Corp. 1,100 22,890 
Yokohama Rubber Co. Ltd. 600 11,273 
Zozo, Inc. 1,000 17,640 
TOTAL JAPAN  16,621,503 
Luxembourg - 0.3%   
ArcelorMittal SA (Netherlands) 3,341 72,427 
Aroundtown SA 3,946 31,981 
Eurofins Scientific SA 57 26,084 
Millicom International Cellular SA (depository receipt) 330 19,302 
RTL Group SA 225 12,643 
SES SA (France) (depositary receipt) 1,813 30,848 
Tenaris SA 2,376 32,936 
TOTAL LUXEMBOURG  226,221 
Mauritius - 0.0%   
Golden Agri-Resources Ltd. 31,900 6,802 
Multi-National - 0.1%   
HK Electric Investments & HK Electric Investments Ltd. unit 13,000 12,727 
HKT Trust/HKT Ltd. unit 19,000 29,451 
TOTAL MULTI-NATIONAL  42,178 
Netherlands - 4.8%   
ABN AMRO Group NV GDR (b) 2,123 49,933 
Adyen BV (b) 52 42,319 
AEGON NV 8,964 46,793 
AerCap Holdings NV (a) 627 31,124 
Airbus Group NV 2,925 400,519 
Akzo Nobel NV 1,129 95,858 
ASML Holding NV (Netherlands) 2,055 427,649 
CNH Industrial NV 5,105 55,357 
EXOR NV 542 36,085 
Ferrari NV 616 83,427 
Fiat Chrysler Automobiles NV 5,445 83,875 
Heineken Holding NV 581 59,007 
Heineken NV (Bearer) 1,304 140,757 
ING Groep NV (Certificaten Van Aandelen) 19,546 249,408 
Koninklijke Ahold Delhaize NV 5,943 143,236 
Koninklijke DSM NV 912 104,307 
Koninklijke KPN NV 16,832 51,731 
Koninklijke Philips Electronics NV 4,656 199,946 
NN Group NV 1,555 67,706 
NXP Semiconductors NV 1,725 182,195 
QIAGEN NV (Germany) (a) 1,161 44,834 
Randstad NV 594 33,924 
STMicroelectronics NV (France) 3,406 62,550 
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit 695 119,460 
Unilever NV (Certificaten Van Aandelen) (Bearer) 7,758 469,395 
Vopak NV 354 15,783 
Wolters Kluwer NV 1,406 98,056 
TOTAL NETHERLANDS  3,395,234 
New Zealand - 0.2%   
Auckland International Airport Ltd. 4,886 26,009 
Fisher & Paykel Healthcare Corp. 2,868 30,285 
Fletcher Building Ltd. 4,275 14,733 
Meridian Energy Ltd. 6,387 17,319 
Ryman Healthcare Group Ltd. 1,992 16,165 
Spark New Zealand Ltd. 9,133 22,387 
The a2 Milk Co. Ltd. (a) 3,664 41,039 
TOTAL NEW ZEALAND  167,937 
Norway - 0.7%   
Aker Bp ASA 538 17,741 
DNB ASA 4,853 93,179 
Equinor ASA 5,892 131,431 
Gjensidige Forsikring ASA 1,018 19,770 
Marine Harvest ASA 2,199 47,638 
Norsk Hydro ASA 6,751 29,077 
Orkla ASA 4,085 32,027 
Schibsted ASA (B Shares) 483 11,555 
Telenor ASA 3,685 73,978 
Yara International ASA 893 40,275 
TOTAL NORWAY  496,671 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 6,845 37,541 
Portugal - 0.2%   
Energias de Portugal SA 12,930 49,003 
Galp Energia SGPS SA Class B 2,512 42,177 
Jeronimo Martins SGPS SA 1,258 20,487 
TOTAL PORTUGAL  111,667 
Singapore - 1.3%   
Ascendas Real Estate Investment Trust 13,200 29,116 
CapitaCommercial Trust (REIT) 13,000 18,543 
CapitaLand Ltd. 12,800 33,221 
CapitaMall Trust 12,900 22,953 
City Developments Ltd. 2,100 13,803 
ComfortDelgro Corp. Ltd. 10,900 21,558 
DBS Group Holdings Ltd. 9,000 186,935 
Jardine Cycle & Carriage Ltd. 500 13,058 
Keppel Corp. Ltd. 7,300 36,336 
Oversea-Chinese Banking Corp. Ltd. 16,100 143,232 
Sembcorp Industries Ltd. 6,300 12,321 
Singapore Airlines Ltd. 2,600 18,505 
Singapore Airport Terminal Service Ltd. 3,300 12,690 
Singapore Exchange Ltd. 4,000 21,704 
Singapore Press Holdings Ltd. 7,900 14,579 
Singapore Technologies Engineering Ltd. 7,900 23,001 
Singapore Telecommunications Ltd. 40,900 95,326 
Suntec (REIT) 10,700 14,554 
United Overseas Bank Ltd. 6,800 139,140 
UOL Group Ltd. 2,500 13,933 
Venture Corp. Ltd. 1,400 17,468 
Wilmar International Ltd. 9,600 25,692 
Yangzijiang Shipbuilding Holdings Ltd. 11,800 13,621 
TOTAL SINGAPORE  941,289 
Spain - 3.0%   
ACS Actividades de Construccion y Servicios SA 1,286 59,138 
Aena Sme SA (b) 339 62,870 
Amadeus IT Holding SA Class A 2,200 174,997 
Banco Bilbao Vizcaya Argentaria SA 33,464 203,490 
Banco de Sabadell SA 28,144 32,703 
Banco Santander SA (Spain) 81,564 412,722 
Bankia SA 6,197 17,133 
Bankinter SA 3,384 27,016 
CaixaBank SA 18,009 57,404 
Enagas SA 1,145 32,619 
Endesa SA 1,612 40,156 
Ferrovial SA 2,485 61,206 
Gas Natural SDG SA 1,789 50,806 
Grifols SA 1,500 41,623 
Iberdrola SA 31,264 284,108 
Inditex SA 5,468 165,405 
MAPFRE SA (Reg.) 5,533 16,601 
Red Electrica Corporacion SA 2,183 45,306 
Repsol SA 7,039 119,443 
Siemens Gamesa Renewable Energy SA 1,193 21,396 
Telefonica SA 23,458 195,578 
TOTAL SPAIN  2,121,720 
Sweden - 2.5%   
Alfa Laval AB 1,473 34,191 
ASSA ABLOY AB (B Shares) 5,038 107,700 
Atlas Copco AB:   
(A Shares) 3,386 105,692 
(B Shares) 1,947 55,455 
Boliden AB 1,373 40,860 
Electrolux AB (B Shares) 1,208 29,606 
Epiroc AB:   
Class A 3,345 34,579 
Class B 1,919 18,990 
Essity AB Class B 3,045 90,287 
H&M Hennes & Mauritz AB (B Shares) 4,390 76,601 
Hexagon AB (B Shares) 1,303 71,186 
Husqvarna AB (B Shares) 2,079 18,982 
ICA Gruppen AB 405 14,655 
Industrivarden AB (C Shares) 837 18,836 
Investor AB (B Shares) 2,315 110,406 
Kinnevik AB (B Shares) 1,216 35,436 
Lundbergfoeretagen AB 412 14,091 
Lundin Petroleum AB 937 30,515 
Sandvik AB 5,667 104,944 
Securitas AB (B Shares) 1,557 27,227 
Skandinaviska Enskilda Banken AB (A Shares) 8,184 78,138 
Skanska AB (B Shares) 1,713 29,831 
SKF AB (B Shares) 1,895 35,175 
Svenska Handelsbanken AB (A Shares) 7,699 84,097 
Swedbank AB (A Shares) 4,548 74,311 
Swedish Match Co. AB 887 43,250 
Tele2 AB (B Shares) 2,505 33,466 
Telefonaktiebolaget LM Ericsson (B Shares) 15,407 152,409 
TeliaSonera AB 14,153 60,299 
Volvo AB (B Shares) 7,867 126,080 
TOTAL SWEDEN  1,757,295 
Switzerland - 8.7%   
ABB Ltd. (Reg.) 9,252 190,302 
Adecco SA (Reg.) 786 45,141 
Alcon, Inc. (a) 2,171 125,025 
Baloise Holdings AG 247 42,324 
Barry Callebaut AG 11 20,144 
Clariant AG (Reg.) 1,000 20,551 
Coca-Cola HBC AG 1,020 36,457 
Compagnie Financiere Richemont SA Series A 2,621 191,601 
Credit Suisse Group AG 12,817 170,452 
Dufry AG 159 15,533 
Ems-Chemie Holding AG 41 24,827 
Galenica AG 228 29,805 
Geberit AG (Reg.) 186 78,000 
Givaudan SA 47 121,726 
Julius Baer Group Ltd. 1,116 53,908 
Kuehne & Nagel International AG 270 39,230 
Lafargeholcim Ltd. (Reg.) 2,440 125,430 
Lindt & Spruengli AG 75,862 
Lindt & Spruengli AG (participation certificate) 39,894 
Lonza Group AG 374 115,502 
Nestle SA (Reg. S) 15,398 1,482,481 
Novartis AG 10,898 892,983 
Pargesa Holding SA 202 15,899 
Partners Group Holding AG 87 65,539 
Roche Holding AG (participation certificate) 3,532 931,965 
Schindler Holding AG:   
(participation certificate) 207 44,652 
(Reg.) 98 20,813 
SGS SA (Reg.) 27 71,241 
Sika AG 641 98,136 
Sonova Holding AG Class B 279 56,268 
Straumann Holding AG 52 41,980 
Swatch Group AG (Bearer) 166 50,698 
Swatch Group AG (Bearer) (Reg.) 217 12,735 
Swiss Life Holding AG 173 81,343 
Swiss Prime Site AG 387 31,068 
Swiss Re Ltd. 1,541 148,300 
Swisscom AG 129 60,097 
Temenos Group AG 299 49,709 
UBS Group AG 19,365 259,701 
Zurich Insurance Group Ltd. 764 243,607 
TOTAL SWITZERLAND  6,220,929 
United Kingdom - 15.9%   
3i Group PLC 4,880 68,121 
Admiral Group PLC 1,017 29,229 
Anglo American PLC (United Kingdom) 5,294 136,784 
Antofagasta PLC 1,979 23,432 
Ashtead Group PLC 2,404 66,521 
Associated British Foods PLC 1,788 59,664 
AstraZeneca PLC (United Kingdom) 6,364 474,117 
Auto Trader Group PLC (b) 4,665 34,485 
Aviva PLC 19,596 110,054 
Babcock International Group PLC 1,737 11,892 
BAE Systems PLC 16,049 103,151 
Barclays PLC 86,100 184,771 
Barratt Developments PLC 5,088 39,928 
Berkeley Group Holdings PLC 617 30,220 
BHP Billiton PLC 10,627 250,846 
BP PLC 100,788 732,900 
British American Tobacco PLC (United Kingdom) 11,527 451,270 
British Land Co. PLC 4,620 35,785 
BT Group PLC 42,324 126,295 
Bunzl PLC 1,691 50,915 
Burberry Group PLC 2,054 54,024 
Carnival PLC 849 45,009 
Centrica PLC 28,548 39,687 
Coca-Cola European Partners PLC 1,087 58,252 
Compass Group PLC 7,956 181,030 
ConvaTec Group PLC (b) 6,861 12,396 
Croda International PLC 644 43,509 
Diageo PLC 12,192 513,987 
Direct Line Insurance Group PLC 6,910 29,681 
easyJet PLC 829 12,578 
Fresnillo PLC 1,108 10,819 
G4S PLC (United Kingdom) 7,747 21,841 
GlaxoSmithKline PLC 24,931 512,163 
Hammerson PLC 3,887 16,316 
Hargreaves Lansdown PLC 1,421 41,822 
HSBC Holdings PLC (United Kingdom) 100,704 877,430 
Imperial Tobacco Group PLC 4,802 152,538 
Informa PLC 6,253 63,519 
InterContinental Hotel Group PLC 856 55,454 
Intertek Group PLC 807 56,300 
Investec PLC 3,393 21,459 
ITV PLC 18,022 32,114 
J Sainsbury PLC 8,816 25,579 
John Wood Group PLC 3,417 20,964 
Johnson Matthey PLC 971 42,253 
Kingfisher PLC 10,601 36,554 
Land Securities Group PLC 3,758 45,231 
Legal & General Group PLC 29,941 108,618 
Lloyds Banking Group PLC 357,553 292,420 
London Stock Exchange Group PLC 1,570 102,934 
Marks & Spencer Group PLC 8,078 30,133 
Meggitt PLC 3,909 27,750 
Melrose Industries PLC 24,367 64,248 
Merlin Entertainments PLC (b) 3,523 16,823 
Micro Focus International PLC 1,752 44,271 
Mondi PLC 1,842 40,365 
National Grid PLC 17,106 186,502 
Next PLC 698 52,482 
NMC Health PLC 518 19,062 
Pearson PLC 3,900 42,248 
Persimmon PLC 1,585 46,215 
Prudential PLC 13,011 295,628 
Reckitt Benckiser Group PLC 3,375 273,059 
RELX PLC (London Stock Exchange) 9,885 226,736 
Rio Tinto PLC 5,809 338,892 
Rolls-Royce Holdings PLC 8,526 102,103 
Royal Bank of Scotland Group PLC 24,237 75,894 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 22,548 718,411 
Class B (United Kingdom) 18,922 610,677 
Royal Mail PLC 4,500 14,834 
RSA Insurance Group PLC 5,117 36,165 
Sage Group PLC 5,347 50,578 
Schroders PLC 617 25,481 
Scottish & Southern Energy PLC 5,164 77,267 
Segro PLC 5,462 48,319 
Severn Trent PLC 1,198 31,806 
Smith & Nephew PLC 4,391 84,889 
Smiths Group PLC 1,981 39,330 
St. James's Place Capital PLC 2,623 38,360 
Standard Chartered PLC (United Kingdom) 14,119 128,878 
Standard Life PLC 12,508 45,490 
Taylor Wimpey PLC 16,421 38,843 
Tesco PLC 49,125 160,277 
The Weir Group PLC 1,231 26,639 
Unilever PLC 5,578 338,111 
United Utilities Group PLC 3,457 37,362 
Vodafone Group PLC 134,237 248,993 
Whitbread PLC 916 53,273 
WM Morrison Supermarkets PLC 11,202 31,537 
TOTAL UNITED KINGDOM  11,314,792 
TOTAL COMMON STOCKS   
(Cost $68,982,036)  69,836,720 
Nonconvertible Preferred Stocks - 0.6%   
Germany - 0.6%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 313 23,100 
Fuchs Petrolub AG 347 15,093 
Henkel AG & Co. KGaA 878 88,865 
Porsche Automobil Holding SE (Germany) 773 53,737 
Sartorius AG (non-vtg.) 178 32,582 
Volkswagen AG 937 162,938 
TOTAL GERMANY  376,315 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 28,424 14,842 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) (a) 594,057 775 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $378,771)  391,932 
 Principal Amount Value 
Government Obligations - 0.1%   
United States of America - 0.1%   
U.S. Treasury Bills, yield at date of purchase 2.41% 9/12/19(d)   
(Cost $99,114) 100,000 99,115 
 Shares Value 
Money Market Funds - 1.4%   
Fidelity Cash Central Fund, 2.49% (e)   
(Cost $1,012,737) 1,012,534 1,012,737 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $70,472,658)  71,340,504 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (86,955) 
NET ASSETS - 100%  $71,253,549 

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) 11 June 2019 $1,054,350 $15,784 $15,784 

The notional amount of futures purchased as a percentage of Net Assets is 1.5%

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

Legend

 (a) Non-income producing

 (b) 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 $574,003 or 0.8% of net assets.

 (c) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

 (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 $99,115.

 (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.

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 $11,618 
Total $11,618 

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 April 30, 2019, 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:     
Communication Services $3,831,656 $1,033,665 $2,797,991 $-- 
Consumer Discretionary 7,933,119 4,977,737 2,955,382 -- 
Consumer Staples 8,199,433 3,370,027 4,829,406 -- 
Energy 4,015,544 877,830 3,137,714 -- 
Financials 13,675,667 6,710,411 6,965,256 -- 
Health Care 7,514,326 2,868,005 4,646,321 -- 
Industrials 10,270,617 6,780,846 3,489,771 -- 
Information Technology 4,572,910 3,092,982 1,479,928 -- 
Materials 5,198,928 2,799,743 2,399,185 -- 
Real Estate 2,562,489 2,562,489 -- -- 
Utilities 2,453,963 1,519,772 934,191 -- 
Government Obligations 99,115 -- 99,115 -- 
Money Market Funds 1,012,737 1,012,737 -- -- 
Total Investments in Securities: $71,340,504 $37,606,244 $33,734,260 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $15,784 $15,784 $-- $-- 
Total Assets $15,784 $15,784 $-- $-- 
Total Derivative Instruments: $15,784 $15,784 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2019. 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) $15,784 $0 
Total Equity Risk 15,784 
Total Value of Derivatives $15,784 $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 for 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

  April 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value — See accompanying schedule:
Unaffiliated issuers (cost $69,459,921) 
$70,327,767  
Fidelity Central Funds (cost $1,012,737) 1,012,737  
Total Investment in Securities (cost $70,472,658)  $71,340,504 
Foreign currency held at value (cost $33,386)  33,385 
Receivable for fund shares sold  126,688 
Dividends receivable  181,955 
Distributions receivable from Fidelity Central Funds  8,241 
Receivable for daily variation margin on futures contracts  165 
Receivable from investment adviser for expense reductions  8,374 
Total assets  71,699,312 
Liabilities   
Payable to custodian bank $721  
Payable for investments purchased   
Regular delivery 11,109  
Delayed delivery 221,317  
Payable for fund shares redeemed 192,251  
Other payables and accrued expenses 20,365  
Total liabilities  445,763 
Net Assets  $71,253,549 
Net Assets consist of:   
Paid in capital  $69,937,674 
Total distributable earnings (loss)  1,315,875 
Net Assets, for 7,049,942 shares outstanding  $71,253,549 
Net Asset Value, offering price and redemption price per share ($71,253,549 ÷ 7,049,942 shares)  $10.11 

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


Statement of Operations

  Six months ended April 30, 2019 (Unaudited) 
Investment Income   
Dividends  $465,335 
Interest  321 
Income from Fidelity Central Funds  11,618 
Income before foreign taxes withheld  477,274 
Less foreign taxes withheld  (50,452) 
Total income  426,822 
Expenses   
Custodian fees and expenses $35,931  
Independent trustees' fees and expenses 29  
Commitment fees  
Total expenses before reductions 35,963  
Expense reductions (34,514)  
Total expenses after reductions  1,449 
Net investment income (loss)  425,373 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 2,019  
Fidelity Central Funds (17)  
Foreign currency transactions (61,506)  
Futures contracts 88,595  
Total net realized gain (loss)  29,091 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,470,343  
Fidelity Central Funds 17  
Assets and liabilities in foreign currencies 188  
Futures contracts 32,013  
Total change in net unrealized appreciation (depreciation)  1,502,561 
Net gain (loss)  1,531,652 
Net increase (decrease) in net assets resulting from operations  $1,957,025 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2019 (Unaudited) For the period
August 17, 2018 (commencement of operations) to October 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $425,373 $47,778 
Net realized gain (loss) 29,091 (13,404) 
Change in net unrealized appreciation (depreciation) 1,502,561 (619,226) 
Net increase (decrease) in net assets resulting from operations 1,957,025 (584,852) 
Distributions to shareholders (56,298) – 
Share transactions   
Proceeds from sales of shares 60,224,249 10,215,760 
Reinvestment of distributions 56,298 – 
Cost of shares redeemed (557,623) (1,010) 
Net increase (decrease) in net assets resulting from share transactions 59,722,924 10,214,750 
Total increase (decrease) in net assets 61,623,651 9,629,898 
Net Assets   
Beginning of period 9,629,898 – 
End of period $71,253,549 $9,629,898 
Other Information   
Shares   
Sold 6,078,765 1,021,388 
Issued in reinvestment of distributions 6,180 – 
Redeemed (56,286) (105) 
Net increase (decrease) 6,028,659 1,021,283 

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


Financial Highlights

Fidelity Series International Index Fund

 Six months ended (Unaudited) April 30, Years endedOctober 31, 
 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.43 $10.00 
Income from Investment Operations   
Net investment income (loss)B .20 .05 
Net realized and unrealized gain (loss) .54 (.62) 
Total from investment operations .74 (.57) 
Distributions from net investment income (.06) – 
Net asset value, end of period $10.11 $9.43 
Total ReturnC,D 7.86% (5.70)% 
Ratios to Average Net AssetsE,F   
Expenses before reductions .35%G 1.18%G 
Expenses net of fee waivers, if any .01%G .01%G 
Expenses net of all reductions .01%G .01%G 
Net investment income (loss) 4.12%G 2.29%G 
Supplemental Data   
Net assets, end of period (000 omitted) $71,254 $9,630 
Portfolio turnover rateH 2%G 1%I 

 A For the period August 17, 2018 (commencement of operations) to October 31, 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 does not include the portfolio activity of any underlying Fidelity Central Funds.

 I Amount not annualized.

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


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2019

1. Organization.

Fidelity Series International Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as an investment manager. 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.

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. 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 April 30, 2019 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

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.

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. 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.

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. Foreign taxes are provided for based on the 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 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) and capital loss carryforwards.

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 $2,377,827 
Gross unrealized depreciation (1,533,988) 
Net unrealized appreciation (depreciation) $843,839 
Tax cost $70,512,449 

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is 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.

No expiration  
Long-term $(3,989) 
Total no expiration (3,989) 
Total capital loss carryforward $(3,989) 

Delayed Delivery Transactions and When-Issued Securities. During the period, the Fund transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The securities purchased on a delayed delivery or when-issued basis are identified as such in the Fund's Schedule of Investments. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

Restricted Securities. The Fund 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 the Fund's Schedule of Investments.

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, aggregated $59,637,718 and $185,108, 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 for which the Fund does not pay a management fee. Under the management contract, the investment adviser or an affiliate pays all ordinary operating expenses of the Fund, except custody fees, 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.

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 $3 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. Expense Reductions.

The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .014% of average net assets. This reimbursement will remain in place through February 28, 2022. Some expenses, for example the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $34,514.

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.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Fund.

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 (November 1, 2018 to April 30, 2019).

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
November 1, 2018 
Ending
Account Value
April 30, 2019 
Expenses Paid
During Period-B
November 1, 2018
to April 30, 2019 
Actual .01% $1,000.00 $1,078.60 $.05 
Hypothetical-C  $1,000.00 $1,024.74 $.05 

 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 181/365 (to reflect the one-half year period).

 C 5% return per year before expenses





Fidelity Investments

IIF-SANN-0619
1.9891250.100


Fidelity ZERO℠ Extended Market Index Fund

Fidelity ZERO℠ International Index Fund

Fidelity ZERO℠ Large Cap Index Fund

Fidelity ZERO℠ Total Market Index Fund



Semi-Annual Report

April 30, 2019




Fidelity Investments


Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.

You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.

Account Type Website Phone Number 
Brokerage, Mutual Fund, or Annuity Contracts: fidelity.com/mailpreferences 1-800-343-3548 
Employer Provided Retirement Accounts: netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) 1-800-343-0860 
Advisor Sold Accounts Serviced Through Your Financial Intermediary: Contact Your Financial Intermediary Your Financial Intermediary's phone number 
Advisor Sold Accounts Serviced by Fidelity: institutional.fidelity.com 1-877-208-0098 


Contents

Fidelity ZERO℠ Extended Market Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity ZERO℠ International Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity ZERO℠ Large Cap Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Fidelity ZERO℠ Total Market Index Fund

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example


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. © 2019 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-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT 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.



Fidelity ZERO℠ Extended Market Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2019

 % of fund's net assets 
FactSet Research Systems, Inc. 0.3 
MarketAxess Holdings, Inc. 0.3 
Garmin Ltd. 0.2 
Ionis Pharmaceuticals, Inc. 0.2 
Dell Technologies, Inc. 0.2 
Wayfair LLC Class A 0.2 
Lennox International, Inc. 0.2 
Paycom Software, Inc. 0.2 
PVH Corp. 0.2 
ON Semiconductor Corp. 0.2 
 2.2 

Top Market Sectors as of April 30, 2019

 % of fund's net assets 
Industrials 16.0 
Financials 16.0 
Information Technology 15.8 
Consumer Discretionary 13.4 
Health Care 11.4 
Real Estate 9.4 
Materials 5.2 
Communication Services 3.9 
Energy 3.2 
Consumer Staples 3.1 

Asset Allocation (% of fund's net assets)

As of April 30, 2019* 
   Stocks and Equity Futures 100.0% 


 * Foreign investments - 5.7%

Fidelity ZERO℠ Extended Market Index Fund

Schedule of Investments April 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.9%   
 Shares Value 
COMMUNICATION SERVICES - 3.9%   
Diversified Telecommunication Services - 0.4%   
Atn International, Inc. 892 $54,457 
Bandwidth, Inc. (a) 479 36,126 
Cincinnati Bell, Inc. (a) 4,225 37,603 
Cogent Communications Group, Inc. 3,476 191,979 
Consolidated Communications Holdings, Inc. 5,855 30,212 
Frontier Communications Corp. (a)(b) 8,723 24,861 
Globalstar, Inc. (a)(b) 54,834 29,309 
Intelsat SA (a) 5,600 113,344 
Iridium Communications, Inc. (a) 8,065 221,465 
ORBCOMM, Inc. (a) 6,531 47,284 
Pareteum Corp. (a) 4,593 20,944 
PDVWireless, Inc. (a) 778 30,964 
Vonage Holdings Corp. (a) 18,194 176,846 
WideOpenWest, Inc. (a) 2,265 18,097 
Zayo Group Holdings, Inc. (a) 16,883 528,269 
  1,561,760 
Entertainment - 0.8%   
AMC Entertainment Holdings, Inc. Class A (b) 4,292 65,067 
Cinemark Holdings, Inc. 8,827 371,175 
Glu Mobile, Inc. (a) 9,169 100,309 
Lions Gate Entertainment Corp.:   
Class A 4,454 64,984 
Class B 8,829 120,074 
Live Nation Entertainment, Inc. (a) 11,475 749,777 
Marcus Corp. 1,659 62,412 
Rosetta Stone, Inc. (a) 1,755 44,261 
The Madison Square Garden Co. (a) 1,435 448,351 
World Wrestling Entertainment, Inc. Class A (b) 3,608 302,531 
Zynga, Inc. (a) 69,209 391,723 
  2,720,664 
Interactive Media & Services - 0.7%   
ANGI Homeservices, Inc. Class A (a) 4,631 80,487 
Care.com, Inc. (a) 2,121 35,527 
CarGurus, Inc. Class A (a) 2,762 112,524 
Liberty TripAdvisor Holdings, Inc. (a) 5,930 87,408 
Match Group, Inc. 4,357 263,163 
MeetMe, Inc. (a) 6,294 34,995 
QuinStreet, Inc. (a) 3,218 45,921 
Snap, Inc. Class A (a)(b) 57,712 642,912 
TripAdvisor, Inc. (a) 8,497 452,295 
TrueCar, Inc. (a) 7,089 45,653 
Yelp, Inc. (a) 6,341 254,020 
Zillow Group, Inc.:   
Class A (a) 4,069 135,131 
Class C (a)(b) 9,595 320,473 
  2,510,509 
Media - 1.8%   
Altice U.S.A., Inc. Class A 10,011 235,859 
AMC Networks, Inc. Class A (a) 3,741 218,512 
Cable One, Inc. 412 436,938 
comScore, Inc. (a) 3,898 48,920 
DISH Network Corp. Class A (a) 19,017 667,877 
E.W. Scripps Co. Class A 4,673 106,498 
Emerald Expositions Events, Inc. 2,075 29,154 
Entercom Communications Corp. Class A 10,122 69,639 
Entravision Communication Corp. Class A 5,250 15,068 
Fluent, Inc. (a) 2,828 19,881 
Gannett Co., Inc. 9,305 86,816 
GCI Liberty, Inc. (a) 8,156 486,261 
Gray Television, Inc. (a) 6,355 148,898 
John Wiley & Sons, Inc. Class A 3,760 173,637 
Liberty Latin America Ltd.:   
Class A (a) 3,524 73,757 
Class C (a) 10,018 208,775 
Loral Space & Communications Ltd. (a) 1,049 38,624 
Meredith Corp. 3,318 195,762 
MSG Network, Inc. Class A (a) 5,048 116,255 
National CineMedia, Inc. 5,213 36,387 
New Media Investment Group, Inc. 4,428 47,335 
News Corp.:   
Class A 31,817 395,167 
Class B 10,380 129,646 
Nexstar Broadcasting Group, Inc. Class A 3,787 443,268 
Scholastic Corp. 2,279 90,887 
Sinclair Broadcast Group, Inc. Class A 5,967 273,229 
Sirius XM Holdings, Inc. (b) 106,729 620,095 
TechTarget, Inc. (a) 1,817 30,326 
Tegna, Inc. 17,886 284,745 
The New York Times Co. Class A 11,719 388,485 
Tribune Media Co. Class A 6,671 308,200 
tronc, Inc. (a) 1,638 17,625 
  6,442,526 
Wireless Telecommunication Services - 0.2%   
Boingo Wireless, Inc. (a) 3,560 80,954 
Gogo, Inc. (a)(b) 4,484 23,586 
NII Holdings, Inc. (a) 8,255 16,180 
Shenandoah Telecommunications Co. 3,811 157,509 
Spok Holdings, Inc. 1,479 20,484 
Telephone & Data Systems, Inc. 7,725 246,273 
U.S. Cellular Corp. (a) 1,176 56,566 
Vobile Group Ltd. (a) 28,000 9,673 
  611,225 
TOTAL COMMUNICATION SERVICES  13,846,684 
CONSUMER DISCRETIONARY - 13.4%   
Auto Components - 1.1%   
Adient PLC 7,210 166,551 
American Axle & Manufacturing Holdings, Inc. (a) 9,278 136,851 
Autoliv, Inc.(b) 7,223 566,933 
Cooper Tire & Rubber Co. 4,163 124,307 
Cooper-Standard Holding, Inc. (a) 1,364 69,114 
Dana Holding Corp. 12,001 234,020 
Delphi Technologies PLC 7,344 162,523 
Dorman Products, Inc. (a) 2,414 211,635 
Fox Factory Holding Corp. (a) 3,154 244,750 
Garrett Motion, Inc. (a) 6,113 114,924 
Gentex Corp. 21,720 500,212 
Gentherm, Inc. (a) 2,899 122,802 
LCI Industries 2,092 183,782 
Modine Manufacturing Co. (a) 4,211 62,281 
Motorcar Parts of America, Inc. (a)(b) 1,532 31,651 
Standard Motor Products, Inc. 1,661 83,000 
Stoneridge, Inc. (a) 2,248 70,655 
Superior Industries International, Inc. 1,930 9,554 
Tenneco, Inc. 4,186 91,757 
The Goodyear Tire & Rubber Co. 19,318 371,099 
Tower International, Inc. 1,712 39,958 
Veoneer, Inc. (a)(b) 7,238 159,743 
Visteon Corp. (a) 2,405 158,778 
  3,916,880 
Automobiles - 0.3%   
Harley-Davidson, Inc. 13,513 503,089 
REV Group, Inc. 2,515 31,915 
Thor Industries, Inc. 4,166 274,414 
Winnebago Industries, Inc. 2,405 85,065 
  894,483 
Distributors - 0.4%   
Core-Mark Holding Co., Inc. 3,787 137,657 
LKQ Corp. (a) 26,390 794,339 
Pool Corp. 3,340 613,692 
  1,545,688 
Diversified Consumer Services - 1.3%   
Adtalem Global Education, Inc. (a) 4,873 240,336 
American Public Education, Inc. (a) 1,381 44,192 
Bright Horizons Family Solutions, Inc. (a) 4,849 621,399 
Career Education Corp. (a) 5,785 104,998 
Carriage Services, Inc. 1,202 21,095 
Chegg, Inc. (a) 8,590 306,234 
Frontdoor, Inc. (a) 5,629 198,366 
Graham Holdings Co. 359 266,891 
Grand Canyon Education, Inc. (a) 3,992 462,633 
H&R Block, Inc. 17,041 463,686 
Houghton Mifflin Harcourt Co. (a) 8,555 60,997 
K12, Inc. (a) 3,127 94,185 
Laureate Education, Inc. Class A (a) 5,551 87,373 
Regis Corp. (a) 2,748 51,443 
Service Corp. International 15,004 624,316 
ServiceMaster Global Holdings, Inc. (a) 11,251 551,637 
Sotheby's Class A (Ltd. vtg.) (a) 2,712 114,392 
Strategic Education, Inc. 1,802 258,317 
Weight Watchers International, Inc. (a) 3,238 66,120 
Zovio, Inc. (a) 2,286 13,762 
  4,652,372 
Hotels, Restaurants & Leisure - 2.9%   
ARAMARK Holdings Corp. 20,465 636,052 
BFC Financial Corp. Class A 5,410 29,971 
BJ's Restaurants, Inc. 1,776 88,640 
Bloomin' Brands, Inc. 7,596 151,844 
Boyd Gaming Corp. 6,716 193,286 
Brinker International, Inc. 3,205 137,078 
Caesars Entertainment Corp. (a)(b) 48,349 452,547 
Carrols Restaurant Group, Inc. (a) 2,800 27,468 
Choice Hotels International, Inc. 2,823 234,422 
Churchill Downs, Inc. 2,975 300,029 
Chuy's Holdings, Inc. (a) 1,400 27,846 
Cracker Barrel Old Country Store, Inc. (b) 1,995 336,636 
Dave & Buster's Entertainment, Inc. 3,214 182,684 
Del Frisco's Restaurant Group, Inc. (a) 2,551 17,092 
Del Taco Restaurants, Inc. (a) 2,836 28,502 
Denny's Corp. (a) 5,175 96,359 
Dine Brands Global, Inc. 1,473 130,596 
Drive Shack, Inc. (a) 4,859 24,975 
Dunkin' Brands Group, Inc. 6,848 511,066 
El Pollo Loco Holdings, Inc. (a) 1,842 23,541 
Eldorado Resorts, Inc. (a)(b) 5,397 266,450 
Extended Stay America, Inc. unit 15,621 279,772 
Fiesta Restaurant Group, Inc. (a) 1,932 24,459 
Golden Entertainment, Inc. (a) 1,569 24,680 
Habit Restaurants, Inc. Class A (a) 1,700 18,122 
Hilton Grand Vacations, Inc. (a) 8,037 257,505 
Hyatt Hotels Corp. Class A 3,535 271,241 
International Speedway Corp. Class A 2,028 89,475 
Jack in the Box, Inc. 2,137 164,763 
Lindblad Expeditions Holdings (a) 2,277 36,910 
Marriott Vacations Worldwide Corp. 3,395 358,614 
Monarch Casino & Resort, Inc. (a) 973 41,537 
Noodles & Co. (a) 3,443 24,617 
Papa John's International, Inc. (b) 1,847 94,493 
Penn National Gaming, Inc. (a) 8,996 194,943 
Planet Fitness, Inc. (a) 7,317 553,897 
Playa Hotels & Resorts NV (a) 4,468 35,744 
PlayAGS, Inc. (a) 1,876 45,249 
Potbelly Corp. (a) 2,050 18,245 
Red Robin Gourmet Burgers, Inc. (a) 1,054 33,760 
Red Rock Resorts, Inc. 5,747 155,054 
Ruth's Hospitality Group, Inc. 2,362 61,365 
Scientific Games Corp. Class A (a)(b) 4,574 105,797 
SeaWorld Entertainment, Inc. (a) 5,627 149,791 
Shake Shack, Inc. Class A (a) 2,148 131,672 
Six Flags Entertainment Corp. 5,955 316,151 
Texas Roadhouse, Inc. Class A 5,522 298,243 
The Cheesecake Factory, Inc. 3,471 172,231 
U.S. Foods Holding Corp. (a) 18,012 658,339 
Vail Resorts, Inc. 3,355 767,792 
Wendy's Co. 15,521 288,846 
Wingstop, Inc. 2,423 182,379 
Wyndham Destinations, Inc. 8,084 352,139 
Wyndham Hotels & Resorts, Inc. 8,222 458,130 
  10,563,039 
Household Durables - 1.7%   
Beazer Homes U.S.A., Inc. (a) 2,733 36,322 
Cavco Industries, Inc. (a) 715 89,211 
Century Communities, Inc. (a) 2,291 58,260 
Ethan Allen Interiors, Inc. 2,045 45,195 
Garmin Ltd. 10,025 859,544 
GoPro, Inc. Class A (a)(b) 9,357 55,300 
Helen of Troy Ltd. (a) 2,192 315,648 
Hooker Furniture Corp. 973 29,005 
Hovnanian Enterprises, Inc. Class A (a) 431 6,560 
Installed Building Products, Inc. (a) 1,796 86,262 
iRobot Corp. (a)(b) 2,302 238,349 
KB Home 7,167 185,697 
La-Z-Boy, Inc. 3,868 126,870 
Leggett & Platt, Inc. 10,827 426,151 
LGI Homes, Inc. (a)(b) 1,545 107,084 
Libbey, Inc. (a) 1,620 4,050 
Lovesac (a) 464 18,279 
M.D.C. Holdings, Inc. 4,034 123,279 
M/I Homes, Inc. (a) 2,333 65,721 
Meritage Homes Corp. (a) 3,107 158,923 
Mohawk Industries, Inc. (a) 5,231 712,724 
PulteGroup, Inc. 21,441 674,534 
Roku, Inc. Class A (a)(b) 4,168 265,043 
Skyline Champion Corp. 3,212 67,805 
Taylor Morrison Home Corp. (a) 9,866 191,006 
Tempur Sealy International, Inc. (a)(b) 3,806 233,688 
Toll Brothers, Inc. 11,252 428,701 
TopBuild Corp. (a) 2,939 209,345 
TRI Pointe Homes, Inc. (a) 11,756 153,416 
Tupperware Brands Corp. 4,049 96,366 
Turtle Beach Corp. (a) 522 5,345 
Universal Electronics, Inc. (a) 1,160 44,138 
Vuzix Corp. (a)(b) 1,577 3,737 
William Lyon Homes, Inc. (a) 2,713 45,741 
Zagg, Inc. (a) 2,233 18,400 
  6,185,699 
Internet & Direct Marketing Retail - 0.8%   
1-800-FLOWERS.com, Inc. Class A (a) 1,996 42,495 
Blue Apron Holdings, Inc. Class A (a) 4,461 4,595 
Duluth Holdings, Inc. (a) 819 13,038 
Etsy, Inc. (a) 9,996 675,130 
Gaia, Inc. Class A (a) 966 10,220 
Groupon, Inc. (a) 33,832 119,089 
GrubHub, Inc. (a)(b) 7,529 502,862 
Lands' End, Inc. (a) 1,335 23,376 
Liberty Expedia Holdings, Inc. (a) 4,526 210,097 
Overstock.com, Inc. (a)(b) 1,842 24,278 
PetMed Express, Inc. 1,741 38,041 
Quotient Technology, Inc. (a) 6,525 60,617 
Shutterfly, Inc. (a) 2,765 121,190 
Shutterstock, Inc. 1,523 61,605 
Stamps.com, Inc. (a) 1,419 121,750 
Stitch Fix, Inc. (a)(b) 1,862 49,622 
Wayfair LLC Class A (a)(b) 5,128 831,505 
  2,909,510 
Leisure Products - 0.5%   
Acushnet Holdings Corp. 2,774 69,933 
American Outdoor Brands Corp. (a) 4,540 44,719 
Brunswick Corp. 7,209 369,173 
Callaway Golf Co. 7,334 128,785 
Clarus Corp. 1,829 24,545 
Johnson Outdoors, Inc. Class A 479 36,725 
Malibu Boats, Inc. Class A (a) 1,711 71,212 
Mattel, Inc. (a)(b) 28,652 349,268 
MCBC Holdings, Inc. (a) 1,566 38,743 
Nautilus, Inc. (a) 2,469 13,209 
Polaris Industries, Inc. 4,823 464,937 
Sturm, Ruger & Co., Inc. 1,440 80,626 
Vista Outdoor, Inc. (a) 4,829 41,674 
  1,733,549 
Multiline Retail - 0.5%   
Big Lots, Inc. 3,353 124,597 
Dillard's, Inc. Class A 1,543 105,618 
JC Penney Corp., Inc. (a)(b) 25,618 35,097 
Macy's, Inc. 25,508 600,458 
Nordstrom, Inc. 9,441 387,270 
Ollie's Bargain Outlet Holdings, Inc. (a) 4,280 409,339 
  1,662,379 
Specialty Retail - 2.2%   
Aaron's, Inc. Class A 5,695 317,155 
Abercrombie & Fitch Co. Class A 5,484 163,917 
America's Car Mart, Inc. (a) 530 52,497 
American Eagle Outfitters, Inc. 13,995 332,801 
Armstrong Flooring, Inc. (a) 2,127 30,820 
Asbury Automotive Group, Inc. (a) 1,616 129,571 
Ascena Retail Group, Inc. (a) 14,510 17,267 
At Home Group, Inc. (a) 2,268 53,275 
AutoNation, Inc. (a) 4,776 200,258 
Barnes & Noble Education, Inc. (a) 3,043 13,085 
Barnes & Noble, Inc. 4,672 23,500 
Bed Bath & Beyond, Inc. (b) 11,405 190,578 
Boot Barn Holdings, Inc. (a) 2,377 68,434 
Caleres, Inc. 3,560 93,379 
Camping World Holdings, Inc. (b) 2,659 39,672 
Cars.com, Inc. (a) 5,261 109,481 
Carvana Co. Class A (a)(b) 2,701 193,284 
Chico's FAS, Inc. 10,505 36,768 
Citi Trends, Inc. 1,006 18,621 
Conn's, Inc. (a) 2,040 52,775 
Dick's Sporting Goods, Inc. 6,130 226,810 
DSW, Inc. Class A 5,675 126,269 
Express, Inc. (a) 5,477 20,155 
Five Below, Inc. (a) 4,628 677,493 
Floor & Decor Holdings, Inc. Class A (a) 4,767 228,911 
Foot Locker, Inc. 9,538 545,669 
GameStop Corp. Class A 8,418 72,816 
Gap, Inc. 17,724 462,242 
Genesco, Inc. (a) 1,674 75,012 
GNC Holdings, Inc. Class A (a)(b) 7,082 15,722 
Group 1 Automotive, Inc. 1,515 118,640 
Guess?, Inc. 4,738 96,513 
Haverty Furniture Companies, Inc. 1,572 37,445 
Hibbett Sports, Inc. (a) 1,517 31,402 
Kirkland's, Inc. (a) 1,345 7,909 
L Brands, Inc. 18,949 485,852 
Lithia Motors, Inc. Class A (sub. vtg.) 1,871 212,396 
Lumber Liquidators Holdings, Inc. (a)(b) 2,342 30,961 
MarineMax, Inc. (a) 1,853 32,038 
Michaels Companies, Inc. (a) 7,417 83,367 
Monro, Inc. 2,745 230,113 
Murphy U.S.A., Inc. (a) 2,492 212,991 
Office Depot, Inc. 45,103 108,247 
Party City Holdco, Inc. (a) 4,808 32,214 
Penske Automotive Group, Inc. 3,012 138,311 
Rent-A-Center, Inc. (a) 3,678 91,693 
RH (a)(b) 1,542 164,547 
Sally Beauty Holdings, Inc. (a) 9,979 176,628 
Shoe Carnival, Inc. 822 29,313 
Signet Jewelers Ltd. 4,295 99,558 
Sleep Number Corp. (a) 2,745 95,526 
Sonic Automotive, Inc. Class A (sub. vtg.) 1,950 39,449 
Sportsman's Warehouse Holdings, Inc. (a) 3,143 14,018 
Tailored Brands, Inc. 4,053 33,032 
The Buckle, Inc. (b) 2,398 44,315 
The Cato Corp. Class A (sub. vtg.) 1,870 28,349 
The Children's Place Retail Stores, Inc. (b) 1,339 151,066 
The Container Store Group, Inc. (a) 1,302 11,249 
Tile Shop Holdings, Inc. 3,166 15,387 
Tilly's, Inc. 1,773 20,850 
Urban Outfitters, Inc. (a) 6,261 186,140 
Williams-Sonoma, Inc. (b) 6,655 380,466 
Zumiez, Inc. (a) 1,584 42,182 
  8,070,404 
Textiles, Apparel & Luxury Goods - 1.7%   
Capri Holdings Ltd. (a) 12,467 549,545 
Carter's, Inc. 3,806 403,093 
Columbia Sportswear Co. 2,463 246,226 
Crocs, Inc. (a) 5,561 154,874 
Deckers Outdoor Corp. (a) 2,417 382,394 
Fossil Group, Inc. (a)(b) 3,767 49,235 
G-III Apparel Group Ltd. (a) 3,463 149,428 
Hanesbrands, Inc. 29,923 540,709 
J.Jill, Inc. 1,281 7,186 
Movado Group, Inc. 1,366 48,698 
Oxford Industries, Inc. 1,413 117,364 
PVH Corp. 6,282 810,315 
Ralph Lauren Corp. 4,528 595,794 
Rocky Brands, Inc. 572 14,592 
Samsonite International SA (c) 117,900 338,154 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) 11,116 351,933 
Steven Madden Ltd. 6,608 240,201 
Under Armour, Inc.:   
Class A (sub. vtg.) (a)(b) 15,694 362,374 
Class C (non-vtg.) (a) 15,815 327,687 
Unifi, Inc. (a) 1,165 23,533 
Vera Bradley, Inc. (a) 1,793 22,018 
Wolverine World Wide, Inc. 7,872 289,768 
  6,025,121 
TOTAL CONSUMER DISCRETIONARY  48,159,124 
CONSUMER STAPLES - 3.1%   
Beverages - 0.3%   
Boston Beer Co., Inc. Class A (a) 715 221,657 
Brown-Forman Corp. Class B (non-vtg.) 13,769 733,750 
Coca-Cola Bottling Co. Consolidated 386 125,462 
Craft Brew Alliance, Inc. (a) 769 10,851 
MGP Ingredients, Inc. 1,047 92,000 
National Beverage Corp. (b) 989 55,384 
Primo Water Corp. (a) 2,784 43,848 
  1,282,952 
Food & Staples Retailing - 0.5%   
Andersons, Inc. 2,178 71,221 
BJ's Wholesale Club Holdings, Inc. 5,630 159,611 
Casey's General Stores, Inc. 3,038 402,079 
Chefs' Warehouse Holdings (a) 1,934 63,203 
Ingles Markets, Inc. Class A 1,159 31,815 
Natural Grocers by Vitamin Cottage, Inc. (a) 652 8,072 
Performance Food Group Co. (a) 8,721 357,125 
PriceSmart, Inc. 1,885 112,742 
Rite Aid Corp. (a)(b) 4,436 40,634 
Smart & Final Stores, Inc. (a) 2,231 14,568 
SpartanNash Co. 3,012 48,704 
Sprouts Farmers Market LLC (a) 10,603 227,116 
United Natural Foods, Inc. (a) 4,161 53,760 
Weis Markets, Inc. 1,355 56,978 
  1,647,628 
Food Products - 1.5%   
B&G Foods, Inc. Class A (b) 5,471 142,246 
Bunge Ltd. 11,702 613,302 
Cal-Maine Foods, Inc. 2,515 103,392 
Calavo Growers, Inc. 1,300 124,553 
Campbell Soup Co. 15,979 618,228 
Darling International, Inc. (a) 13,664 298,012 
Dean Foods Co. 7,493 12,738 
Farmer Brothers Co. (a) 869 17,519 
Flowers Foods, Inc. 15,184 330,100 
Fresh Del Monte Produce, Inc. 2,461 72,624 
Freshpet, Inc. (a) 2,137 95,438 
Hostess Brands, Inc. Class A (a) 8,256 110,630 
Ingredion, Inc. 5,856 554,856 
J&J Snack Foods Corp. 1,240 194,903 
John B. Sanfilippo & Son, Inc. 721 51,991 
Lancaster Colony Corp. 1,620 240,910 
Limoneira Co. 1,204 27,499 
nLIGHT, Inc. (a) 508 13,274 
Pilgrim's Pride Corp. (a) 4,346 116,951 
Post Holdings, Inc. (a) 5,528 623,448 
Sanderson Farms, Inc. 1,670 253,222 
Seaboard Corp. 22 98,903 
The Hain Celestial Group, Inc. (a) 7,389 161,228 
The Simply Good Foods Co. (a) 4,148 93,164 
Tootsie Roll Industries, Inc. 1,599 62,089 
TreeHouse Foods, Inc. (a) 4,647 311,256 
  5,342,476 
Household Products - 0.2%   
Central Garden & Pet Co. (a) 1,364 36,801 
Central Garden & Pet Co. Class A (non-vtg.) (a) 2,834 69,376 
Energizer Holdings, Inc. 5,286 253,147 
Funko, Inc. (a) 892 17,688 
Spectrum Brands Holdings, Inc. 3,768 231,996 
WD-40 Co. 1,145 192,646 
  801,654 
Personal Products - 0.5%   
Avon Products, Inc. (a) 36,672 116,617 
Coty, Inc. Class A (b) 37,383 404,484 
Edgewell Personal Care Co. (a) 4,484 184,875 
elf Beauty, Inc. (a) 1,906 24,378 
Herbalife Nutrition Ltd. (a) 8,668 458,104 
Inter Parfums, Inc. 1,435 104,023 
MediFast, Inc. 989 145,076 
Natural Health Trends Corp. 652 7,537 
Nu Skin Enterprises, Inc. Class A 4,610 234,511 
USANA Health Sciences, Inc. (a) 1,136 94,811 
  1,774,416 
Tobacco - 0.1%   
22nd Century Group, Inc. (a)(b) 9,417 20,623 
Pyxus International, Inc. (a) 693 15,821 
Turning Point Brands, Inc. 717 30,666 
Universal Corp. 2,080 112,029 
Vector Group Ltd. 8,922 85,027 
  264,166 
TOTAL CONSUMER STAPLES  11,113,292 
ENERGY - 3.2%   
Energy Equipment & Services - 0.9%   
Archrock, Inc. 10,750 108,683 
Basic Energy Services, Inc. (a) 1,945 4,901 
Bristow Group, Inc. (a)(b) 2,567 1,296 
C&J Energy Services, Inc. (a) 5,174 72,695 
Carbo Ceramics, Inc. (a) 1,585 4,311 
Core Laboratories NV 3,673 232,831 
Diamond Offshore Drilling, Inc. (a)(b) 5,347 51,919 
Dmc Global, Inc. 1,173 81,289 
Dril-Quip, Inc. (a) 2,960 128,938 
Ensco PLC Class A 9,103 127,169 
Exterran Corp. (a) 2,586 36,773 
Forum Energy Technologies, Inc. (a) 6,678 39,934 
Frank's International NV (a) 6,210 36,266 
FTS International, Inc. (a) 2,725 28,204 
Helix Energy Solutions Group, Inc. (a) 11,626 90,915 
Helmerich & Payne, Inc. 9,045 529,313 
ION Geophysical Corp. (a) 811 10,373 
KLX Energy Services Holdings, Inc. (a) 1,858 52,117 
Liberty Oilfield Services, Inc. Class A(b) 3,200 47,712 
Mammoth Energy Services, Inc. 1,029 16,042 
Matrix Service Co. (a) 2,220 43,534 
McDermott International, Inc. (a) 14,936 120,832 
Nabors Industries Ltd. 27,065 94,728 
NCS Multistage Holdings, Inc. (a) 1,238 4,915 
Newpark Resources, Inc. (a) 7,553 55,137 
Noble Corp. (a) 20,470 53,836 
Oceaneering International, Inc. (a) 8,130 156,096 
Oil States International, Inc. (a) 4,988 96,368 
Patterson-UTI Energy, Inc. 18,062 245,463 
Pioneer Energy Services Corp. (a) 6,392 11,122 
RPC, Inc. (b) 4,801 49,402 
SEACOR Holdings, Inc. (a) 1,427 63,559 
Solaris Oilfield Infrastructure, Inc. Class A 2,307 39,196 
Superior Energy Services, Inc. (a) 12,682 45,528 
TETRA Technologies, Inc. (a) 10,611 25,254 
Tidewater, Inc. (a) 2,537 57,083 
Transocean Ltd. (United States) (a) 41,991 330,049 
U.S. Silica Holdings, Inc. 6,419 101,549 
Unit Corp. (a) 4,488 60,857 
Weatherford International PLC (a)(b) 83,379 46,134 
  3,402,323 
Oil, Gas & Consumable Fuels - 2.3%   
Abraxas Petroleum Corp. (a) 13,586 18,749 
Alta Mesa Resources, Inc. Class A (a) 6,537 1,438 
Antero Resources Corp. (a) 18,434 133,647 
Arch Coal, Inc. 1,554 150,707 
Bonanza Creek Energy, Inc. (a) 1,576 37,934 
California Resources Corp. (a) 4,016 84,657 
Callon Petroleum Co. (a) 18,913 142,037 
Carrizo Oil & Gas, Inc. (a) 7,117 91,240 
Centennial Resource Development, Inc. Class A (a)(b) 15,833 166,721 
Chesapeake Energy Corp. (a)(b) 75,871 220,785 
Cimarex Energy Co. 7,932 544,611 
Clean Energy Fuels Corp. (a) 11,520 36,173 
CNX Resources Corp. (a) 16,931 151,702 
CONSOL Energy, Inc. (a) 2,287 77,529 
Contango Oil & Gas Co. (a) 2,390 7,218 
Continental Resources, Inc. (a) 7,172 329,840 
CVR Energy, Inc. 2,423 110,513 
Delek U.S. Holdings, Inc. 6,258 231,921 
Denbury Resources, Inc. (a) 38,481 85,813 
Earthstone Energy, Inc. (a) 1,604 10,747 
EQT Corp. 21,105 431,597 
Equitrans Midstream Corp. 16,871 351,423 
Evolution Petroleum Corp. 2,586 18,180 
Extraction Oil & Gas, Inc. (a)(b) 9,640 45,308 
Green Plains, Inc. 3,201 55,601 
Gulfport Energy Corp. (a) 12,964 84,914 
Halcon Resources Corp. (a) 12,642 16,435 
Highpoint Resources, Inc. (a) 8,981 24,608 
International Seaways, Inc. (a) 2,430 43,303 
Jagged Peak Energy, Inc. (a) 5,158 54,520 
Kosmos Energy Ltd. 19,554 130,816 
Laredo Petroleum, Inc. (a) 12,785 38,611 
Lilis Energy, Inc. (a) 4,468 5,719 
Lonestar Resources U.S., Inc. (a) 1,873 7,455 
Magnolia Oil & Gas Corp. Class A (a) 7,169 94,487 
Matador Resources Co. (a) 8,621 169,747 
Midstates Petroleum Co., Inc. (a) 2,019 25,783 
Montage Resources Corp. (a) 527 5,860 
Murphy Oil Corp. 13,503 367,822 
Nine Energy Service, Inc. (a) 850 17,111 
Northern Oil & Gas, Inc. (a) 18,420 48,813 
Oasis Petroleum, Inc. (a) 22,233 135,621 
Overseas Shipholding Group, Inc. (a) 5,322 9,686 
Par Pacific Holdings, Inc. (a) 2,450 47,873 
Parsley Energy, Inc. Class A (a) 21,858 436,286 
PBF Energy, Inc. Class A 9,950 334,121 
PDC Energy, Inc. (a) 5,488 238,673 
Peabody Energy Corp. 6,468 186,084 
Penn Virginia Corp. (a) 1,115 50,064 
QEP Resources, Inc. (a) 19,660 147,843 
Range Resources Corp. 17,210 155,578 
Renewable Energy Group, Inc. (a) 3,117 75,182 
Rex American Resources Corp. (a) 471 39,804 
Ring Energy, Inc. (a) 4,678 24,232 
SandRidge Energy, Inc. (a) 2,409 20,139 
SemGroup Corp. Class A 5,370 70,132 
SM Energy Co. 8,580 136,679 
Southwestern Energy Co. (a) 48,285 190,726 
SRC Energy, Inc. (a) 20,151 123,929 
Talos Energy, Inc. (a) 1,803 53,549 
Teekay Corp. (b) 5,814 24,186 
Teekay Tankers Ltd. (a) 15,556 16,956 
Tellurian, Inc. (a)(b) 7,840 74,480 
Ultra Petroleum Corp. (a) 17,637 7,415 
Uranium Energy Corp. (a) 12,981 18,303 
W&T Offshore, Inc. (a) 7,685 49,030 
Whiting Petroleum Corp. (a) 7,566 207,233 
World Fuel Services Corp. 5,602 172,822 
WPX Energy, Inc. (a) 32,789 455,439 
  8,174,160 
TOTAL ENERGY  11,576,483 
FINANCIALS - 16.0%   
Banks - 6.7%   
1st Source Corp. 1,400 65,562 
Allegiance Bancshares, Inc. (a) 953 32,945 
Amalgamated Bank 721 12,221 
Ameris Bancorp 3,301 120,354 
Associated Banc-Corp. 13,759 312,192 
Atlantic Capital Bancshares, Inc. (a) 2,194 38,263 
Banc of California, Inc. 3,565 51,728 
BancFirst Corp. 1,440 81,216 
Bancorp, Inc., Delaware (a) 4,718 48,171 
BancorpSouth Bank 7,541 229,850 
Bank of Hawaii Corp. 3,465 285,447 
Bank of Marin Bancorp 1,052 44,552 
Bank OZK 10,031 327,512 
BankUnited, Inc. 8,554 312,905 
Banner Corp. 2,626 139,231 
Berkshire Hills Bancorp, Inc. 3,360 100,766 
BOK Financial Corp. 2,650 230,921 
Boston Private Financial Holdings, Inc. 7,032 80,516 
Brookline Bancorp, Inc., Delaware 6,677 100,489 
Bryn Mawr Bank Corp. 1,696 64,601 
Byline Bancorp, Inc. (a) 1,265 25,325 
Cadence Bancorp Class A 10,270 233,643 
Carolina Financial Corp. 1,739 62,761 
Cathay General Bancorp 6,399 235,419 
CBTX, Inc. 1,558 49,389 
Centerstate Banks of Florida, Inc. 5,965 147,216 
Central Pacific Financial Corp. 2,397 71,934 
Chemical Financial Corp. 5,936 260,768 
CIT Group, Inc. 8,762 466,752 
City Holding Co. 1,394 110,656 
Columbia Banking Systems, Inc. 6,082 228,318 
Commerce Bancshares, Inc. 8,232 497,460 
Community Bank System, Inc. 4,257 282,920 
Community Trust Bancorp, Inc. 1,356 57,291 
ConnectOne Bancorp, Inc. 2,439 53,243 
Cullen/Frost Bankers, Inc. 5,306 539,567 
Customers Bancorp, Inc. (a) 2,405 54,473 
CVB Financial Corp. 8,529 185,079 
Eagle Bancorp, Inc. (a) 2,626 145,113 
East West Bancorp, Inc. 12,025 619,047 
Enterprise Financial Services Corp. 1,895 80,613 
Equity Bancshares, Inc. (a) 1,181 31,013 
Fidelity Southern Corp. 1,822 53,038 
Financial Institutions, Inc. 1,308 35,970 
First Bancorp, North Carolina 2,472 93,714 
First Bancorp, Puerto Rico 18,127 204,835 
First Busey Corp. 3,589 92,740 
First Citizens Bancshares, Inc. 744 333,498 
First Commonwealth Financial Corp. 8,194 111,520 
First Financial Bancorp, Ohio 8,128 204,013 
First Financial Bankshares, Inc. 5,623 345,927 
First Financial Corp., Indiana 910 37,465 
First Foundation, Inc. 3,108 44,165 
First Hawaiian, Inc. 7,515 207,790 
First Horizon National Corp. 26,885 405,695 
First Internet Bancorp 779 17,052 
First Interstate Bancsystem, Inc. 2,729 115,328 
First Merchants Corp. 4,099 150,310 
First Midwest Bancorp, Inc., Delaware 8,777 188,442 
First of Long Island Corp. 1,894 44,073 
Flushing Financial Corp. 2,307 52,138 
FNB Corp., Pennsylvania 26,914 326,467 
Franklin Financial Network, Inc. 1,005 27,788 
Fulton Financial Corp. 14,625 252,281 
German American Bancorp, Inc. 1,738 51,879 
Glacier Bancorp, Inc. 7,033 299,535 
Great Southern Bancorp, Inc. 1,022 59,225 
Great Western Bancorp, Inc. 4,798 168,746 
Hancock Whitney Corp. 7,075 309,461 
Hanmi Financial Corp. 2,635 62,502 
Heartland Financial U.S.A., Inc. 2,364 106,144 
Heritage Commerce Corp. 3,190 39,939 
Heritage Financial Corp., Washington 2,729 82,607 
Hilltop Holdings, Inc. 6,062 127,484 
Home Bancshares, Inc. 13,211 253,519 
Hope Bancorp, Inc. 10,095 141,936 
Horizon Bancorp, Inc. Indiana 2,958 48,127 
IBERIABANK Corp. 4,611 366,575 
Independent Bank Corp. 1,955 42,091 
Independent Bank Corp., Massachusetts 2,443 196,002 
Independent Bank Group, Inc. 2,917 166,269 
International Bancshares Corp. 4,566 189,352 
Investors Bancorp, Inc. 19,889 233,696 
Lakeland Bancorp, Inc. 3,968 65,710 
Lakeland Financial Corp. 2,096 100,084 
LegacyTexas Financial Group, Inc. 3,734 149,659 
Live Oak Bancshares, Inc. 2,121 37,054 
Mercantile Bank Corp. 1,366 46,171 
Midland States Bancorp, Inc. 1,650 44,253 
National Bank Holdings Corp. 2,129 81,413 
NBT Bancorp, Inc. 3,634 138,165 
OFG Bancorp 3,621 73,072 
Old Line Bancshares, Inc. 1,211 30,275 
Old National Bancorp, Indiana 12,533 214,064 
Old Second Bancorp, Inc. 2,145 28,421 
Opus Bank 1,805 39,475 
Origin Bancorp, Inc. 418 14,563 
Pacific Premier Bancorp, Inc. 3,724 108,257 
PacWest Bancorp 10,106 399,692 
Park National Corp. 1,128 110,183 
Peapack-Gladstone Financial Corp. 1,317 38,101 
Peoples Bancorp, Inc. 1,456 47,582 
Peoples United Financial, Inc. 31,313 541,402 
Pinnacle Financial Partners, Inc. 6,079 353,008 
Popular, Inc. 8,333 480,897 
Preferred Bank, Los Angeles 1,167 57,405 
Prosperity Bancshares, Inc. 5,504 405,315 
QCR Holdings, Inc. 1,075 36,776 
Renasant Corp. 3,920 142,139 
S&T Bancorp, Inc. 2,913 116,753 
Sandy Spring Bancorp, Inc. 2,938 102,507 
Seacoast Banking Corp., Florida (a) 4,233 120,048 
ServisFirst Bancshares, Inc. 3,783 128,395 
Signature Bank 4,430 585,070 
Simmons First National Corp. Class A 7,692 195,300 
South State Corp. 3,034 229,552 
Southside Bancshares, Inc. 2,758 96,889 
Sterling Bancorp 18,622 398,883 
Stock Yards Bancorp, Inc. 1,770 60,800 
Synovus Financial Corp. 13,757 507,083 
TCF Financial Corp. 13,860 306,722 
Texas Capital Bancshares, Inc. (a) 4,166 269,665 
Tompkins Financial Corp. 1,021 82,364 
TowneBank 5,389 140,545 
Trico Bancshares 2,216 88,441 
TriState Capital Holdings, Inc. (a) 1,883 43,799 
Triumph Bancorp, Inc. (a) 2,002 62,082 
Trustmark Corp. 5,588 200,944 
UMB Financial Corp. 3,728 260,438 
Umpqua Holdings Corp. 18,289 317,497 
Union Bankshares Corp. 4,991 182,172 
United Bankshares, Inc., West Virginia 8,568 336,208 
United Community Bank, Inc. 6,581 184,794 
Univest Corp. of Pennsylvania 2,391 60,301 
Valley National Bancorp 27,536 288,577 
Veritex Holdings, Inc. 3,731 98,909 
Washington Trust Bancorp, Inc. 1,242 64,348 
Webster Financial Corp. 7,656 406,763 
WesBanco, Inc. 4,502 181,521 
Westamerica Bancorp. 2,232 143,339 
Western Alliance Bancorp. (a) 8,083 386,206 
Wintrust Financial Corp. 4,681 356,692 
  24,193,523 
Capital Markets - 2.4%   
Affiliated Managers Group, Inc. 4,371 484,831 
Artisan Partners Asset Management, Inc. 4,223 119,680 
BGC Partners, Inc. Class A 22,374 120,820 
Blucora, Inc. (a) 3,971 138,985 
Cohen & Steers, Inc. 1,801 90,320 
Cowen Group, Inc. Class A (a) 2,253 37,738 
Diamond Hill Investment Group, Inc. 266 38,432 
Donnelley Financial Solutions, Inc. (a) 2,812 43,052 
Eaton Vance Corp. (non-vtg.) 9,661 401,608 
Evercore, Inc. Class A 3,358 327,170 
FactSet Research Systems, Inc. 3,154 870,068 
Federated Investors, Inc. Class B (non-vtg.) 7,934 243,812 
Gain Capital Holdings, Inc. 1,630 8,590 
Greenhill & Co., Inc. 1,473 30,506 
Hamilton Lane, Inc. Class A 1,462 71,433 
Houlihan Lokey 2,888 142,436 
Interactive Brokers Group, Inc. 6,228 337,807 
INTL FCStone, Inc. (a) 1,327 53,823 
Invesco Ltd. 34,107 749,331 
Janus Henderson Group PLC 13,825 346,593 
Lazard Ltd. Class A 10,764 418,504 
Legg Mason, Inc. 7,096 237,361 
LPL Financial 7,192 532,855 
MarketAxess Holdings, Inc. 3,119 868,111 
Moelis & Co. Class A 3,804 155,774 
Morningstar, Inc. 1,526 218,905 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 786 20,633 
Piper Jaffray Companies 1,236 99,622 
PJT Partners, Inc. 1,596 68,820 
SEI Investments Co. 10,833 589,857 
Stifel Financial Corp. 5,974 356,469 
Virtu Financial, Inc. Class A (b) 5,283 129,856 
Virtus Investment Partners, Inc. 591 72,463 
Waddell & Reed Financial, Inc. Class A 6,472 121,221 
Westwood Holdings Group, Inc. 669 20,933 
WisdomTree Investments, Inc. 9,593 69,070 
  8,637,489 
Consumer Finance - 0.8%   
Credit Acceptance Corp. (a) 1,025 508,626 
CURO Group Holdings Corp. (a) 1,147 15,278 
Elevate Credit, Inc. (a) 1,307 5,855 
Encore Capital Group, Inc. (a) 2,114 59,742 
Enova International, Inc. (a) 2,845 78,038 
EZCORP, Inc. (non-vtg.) Class A (a)(b) 4,337 47,143 
First Cash Financial Services, Inc. 3,637 355,262 
Green Dot Corp. Class A (a) 3,939 251,190 
LendingClub Corp. (a) 35,208 111,961 
Navient Corp. 19,063 257,541 
Nelnet, Inc. Class A 1,789 103,851 
OneMain Holdings, Inc. 6,202 210,682 
PRA Group, Inc. (a) 3,764 105,844 
Regional Management Corp. (a) 789 19,544 
Santander Consumer U.S.A. Holdings, Inc. 9,537 203,615 
SLM Corp. 36,145 367,233 
World Acceptance Corp. (a) 555 72,144 
  2,773,549 
Diversified Financial Services - 0.6%   
AXA Equitable Holdings, Inc. 11,130 252,540 
Cannae Holdings, Inc. (a) 5,623 144,342 
Columbia Financial, Inc. 4,128 65,470 
FB Financial Corp. 1,401 51,473 
FGL Holdings Class A 14,579 124,359 
Focus Financial Partners, Inc. Class A 1,610 60,375 
Jefferies Financial Group, Inc. 23,317 479,631 
On Deck Capital, Inc. (a) 4,167 22,752 
Pennymac Financial Services, Inc. 5,028 112,124 
Victory Capital Holdings, Inc. (a) 1,174 19,359 
Voya Financial, Inc. 12,907 708,465 
  2,040,890 
Insurance - 3.3%   
AMBAC Financial Group, Inc. (a) 3,781 70,705 
American Equity Investment Life Holding Co. 7,502 220,634 
American Financial Group, Inc. 5,828 603,373 
American National Insurance Co. 706 79,983 
Amerisafe, Inc. 1,604 94,989 
Argo Group International Holdings, Ltd. 2,817 219,923 
Assurant, Inc. 4,326 410,970 
Assured Guaranty Ltd. 8,767 418,186 
Athene Holding Ltd. (a) 10,519 475,038 
Axis Capital Holdings Ltd. 6,926 393,743 
Brighthouse Financial, Inc. (a) 9,845 411,423 
Brown & Brown, Inc. 19,410 616,268 
CNO Financial Group, Inc. 13,663 226,123 
eHealth, Inc. (a) 1,532 93,054 
Employers Holdings, Inc. 2,731 117,215 
Enstar Group Ltd. (a) 1,251 221,752 
Erie Indemnity Co. Class A 1,651 312,567 
FBL Financial Group, Inc. Class A 807 50,413 
First American Financial Corp. 9,266 528,718 
Genworth Financial, Inc. Class A 41,340 156,679 
Goosehead Insurance 796 24,254 
Greenlight Capital Re, Ltd. (a) 2,139 25,625 
Hanover Insurance Group, Inc. 3,506 422,859 
HCI Group, Inc. 613 26,126 
Health Insurance Innovations, Inc. (a)(b) 1,010 23,553 
Heritage Insurance Holdings, Inc. 1,877 25,602 
Horace Mann Educators Corp. 3,377 130,285 
James River Group Holdings Ltd. 2,493 105,254 
Kemper Corp. 5,050 453,894 
Kinsale Capital Group, Inc. 1,611 116,959 
Maiden Holdings Ltd. 4,767 3,115 
MBIA, Inc. (a) 7,525 72,767 
Mercury General Corp. 2,261 121,597 
National General Holdings Corp. 5,299 130,620 
National Western Life Group, Inc. 186 49,610 
Navigators Group, Inc. 1,909 133,515 
Old Republic International Corp. 23,573 527,092 
Primerica, Inc. 3,568 464,875 
ProAssurance Corp. 4,461 167,421 
RenaissanceRe Holdings Ltd. 3,339 518,747 
RLI Corp. 3,244 263,835 
Safety Insurance Group, Inc. 1,201 111,597 
Selective Insurance Group, Inc. 4,884 348,278 
Stewart Information Services Corp. 1,950 82,895 
Third Point Reinsurance Ltd. (a) 6,160 71,518 
Trupanion, Inc. (a)(b) 2,131 69,897 
United Fire Group, Inc. 1,748 76,230 
United Insurance Holdings Corp. 1,764 27,024 
Universal Insurance Holdings, Inc. 2,646 78,824 
Unum Group 18,155 670,283 
W.R. Berkley Corp. 11,979 734,313 
White Mountains Insurance Group Ltd. 264 247,907 
  12,048,127 
Mortgage Real Estate Investment Trusts - 1.0%   
AG Mortgage Investment Trust, Inc. 2,374 40,619 
Anworth Mortgage Asset Corp. 7,979 33,432 
Apollo Commercial Real Estate Finance, Inc. 9,342 175,069 
Arbor Realty Trust, Inc. (b) 6,023 82,274 
Ares Commercial Real Estate Corp. 2,186 33,227 
Arlington Asset Investment Corp. 2,553 20,041 
Armour Residential REIT, Inc. 4,046 77,198 
Blackstone Mortgage Trust, Inc. 9,997 355,793 
Capstead Mortgage Corp. 7,576 65,078 
Cherry Hill Mortgage Investment Corp. 1,217 21,005 
Chimera Investment Corp. 15,470 296,560 
Dynex Capital, Inc. 4,912 29,963 
Exantas Capital Corp. 2,691 29,466 
Granite Point Mortgage Trust, Inc. 3,591 69,055 
Invesco Mortgage Capital, Inc. 9,263 151,172 
KKR Real Estate Finance Trust, Inc. 2,254 45,463 
Ladder Capital Corp. Class A 7,282 126,707 
MFA Financial, Inc. 37,218 279,507 
New Residential Investment Corp. 30,259 508,654 
New York Mortgage Trust, Inc. 13,968 87,998 
Orchid Island Capital, Inc. 4,204 27,620 
PennyMac Mortgage Investment Trust 5,063 106,323 
Redwood Trust, Inc. 7,681 125,661 
Starwood Property Trust, Inc. 22,792 525,356 
TPG RE Finance Trust, Inc. 3,427 67,546 
Two Harbors Investment Corp. 20,536 284,629 
Western Asset Mortgage Capital Corp. 4,060 42,711 
  3,708,127 
Real Estate Management & Development - 0.0%   
The RMR Group, Inc. 566 32,737 
Thrifts & Mortgage Finance - 1.2%   
Axos Financial, Inc. (a) 4,562 149,269 
Capitol Federal Financial, Inc. 11,760 162,288 
Dime Community Bancshares, Inc. 2,574 51,866 
Essent Group Ltd. (a) 8,150 386,718 
Farmer Mac Class C (non-vtg.) 755 57,742 
First Defiance Financial Corp. 1,687 49,783 
Flagstar Bancorp, Inc. 2,424 86,658 
HomeStreet, Inc. (a) 2,240 63,034 
Kearny Financial Corp. 8,114 113,596 
LendingTree, Inc. (a)(b) 618 237,819 
Meridian Bancorp, Inc. Maryland 4,505 77,576 
Meta Financial Group, Inc. 2,278 58,681 
MGIC Investment Corp. (a) 30,042 439,815 
New York Community Bancorp, Inc. 40,698 473,318 
NMI Holdings, Inc. (a) 5,538 155,507 
Northfield Bancorp, Inc. 3,850 57,750 
Northwest Bancshares, Inc. 8,542 148,887 
OceanFirst Financial Corp. 3,698 93,116 
Ocwen Financial Corp. (a) 9,118 15,409 
Oritani Financial Corp. 3,227 55,988 
Provident Financial Services, Inc. 5,075 134,589 
Radian Group, Inc. 17,719 414,979 
TFS Financial Corp. 4,360 72,550 
Trustco Bank Corp., New York 7,988 63,904 
United Financial Bancorp, Inc. New 4,251 56,071 
Walker & Dunlop, Inc. 2,376 130,561 
Washington Federal, Inc. 6,769 224,325 
WMI Holdings Corp. (a) 2,243 19,290 
WSFS Financial Corp. 2,606 112,527 
  4,163,616 
TOTAL FINANCIALS  57,598,058 
HEALTH CARE - 11.4%   
Biotechnology - 4.4%   
Abeona Therapeutics, Inc. (a) 2,506 19,296 
ACADIA Pharmaceuticals, Inc. (a) 9,314 224,002 
Acceleron Pharma, Inc. (a) 3,570 145,406 
Achillion Pharmaceuticals, Inc. (a) 11,261 33,333 
Acorda Therapeutics, Inc. (a) 3,321 34,704 
Adamas Pharmaceuticals, Inc. (a) 1,653 10,447 
Aduro Biotech, Inc. (a) 4,180 17,096 
Adverum Biotechnologies, Inc. (a) 4,406 28,419 
Aeglea BioTherapeutics, Inc. (a) 1,270 8,700 
Agenus, Inc. (a) 7,895 20,290 
Agios Pharmaceuticals, Inc. (a) 4,209 235,367 
Aimmune Therapeutics, Inc. (a) 3,103 62,494 
Akebia Therapeutics, Inc. (a) 8,606 51,980 
Alder Biopharmaceuticals, Inc. (a) 4,902 66,618 
Aldeyra Therapeutics, Inc. (a) 1,768 14,621 
Alkermes PLC (a) 12,909 391,401 
Allakos, Inc. (a) 631 24,742 
Alnylam Pharmaceuticals, Inc. (a) 7,464 666,834 
AMAG Pharmaceuticals, Inc. (a) 2,826 31,538 
Amicus Therapeutics, Inc. (a) 15,749 210,092 
AnaptysBio, Inc. (a) 1,916 139,332 
Anika Therapeutics, Inc. (a) 1,158 36,882 
Apellis Pharmaceuticals, Inc. (a) 2,801 55,488 
Arcus Biosciences, Inc. (a) 792 7,698 
Arena Pharmaceuticals, Inc. (a) 4,109 187,987 
ArQule, Inc. (a) 8,188 48,882 
Array BioPharma, Inc. (a) 17,706 400,333 
Arrowhead Pharmaceuticals, Inc. (a) 7,326 131,721 
Assembly Biosciences, Inc. (a) 1,664 26,258 
Atara Biotherapeutics, Inc. (a) 3,763 126,437 
Audentes Therapeutics, Inc. (a) 2,853 107,815 
Avid Bioservices, Inc. (a) 4,273 20,468 
Bellicum Pharmaceuticals, Inc. (a) 3,643 11,111 
BioCryst Pharmaceuticals, Inc. (a) 9,034 67,123 
Biohaven Pharmaceutical Holding Co. Ltd. (a) 2,886 172,727 
Biospecifics Technologies Corp. (a) 443 29,681 
bluebird bio, Inc. (a)(b) 4,540 643,908 
Blueprint Medicines Corp. (a) 3,653 276,203 
Calithera Biosciences, Inc. (a) 2,746 16,915 
Cara Therapeutics, Inc. (a)(b) 2,747 52,413 
CareDx, Inc. (a) 3,063 83,344 
CASI Pharmaceuticals, Inc. (a) 4,258 13,881 
Catalyst Biosciences, Inc. (a) 960 8,371 
Catalyst Pharmaceutical Partners, Inc. (a) 7,899 45,340 
Cellular Biomedicine Group, Inc. (a) 881 15,224 
ChemoCentryx, Inc. (a) 1,897 25,173 
Clovis Oncology, Inc. (a) 4,332 79,146 
Coherus BioSciences, Inc. (a) 4,770 75,938 
Concert Pharmaceuticals, Inc. (a) 1,469 15,101 
Corbus Pharmaceuticals Holdings, Inc. (a)(b) 3,828 27,332 
Crinetics Pharmaceuticals, Inc. (a) 497 12,897 
Cytokinetics, Inc. (a) 4,606 40,625 
CytomX Therapeutics, Inc. (a) 3,771 35,862 
Deciphera Pharmaceuticals, Inc. (a) 1,214 27,922 
Denali Therapeutics, Inc. (a)(b) 5,529 135,295 
Dicerna Pharmaceuticals, Inc. (a) 3,966 51,399 
Dynavax Technologies Corp. (a)(b) 4,659 30,982 
Eagle Pharmaceuticals, Inc. (a) 908 46,680 
Editas Medicine, Inc. (a) 3,564 88,209 
Eiger Biopharmaceuticals, Inc. (a) 1,315 14,373 
Emergent BioSolutions, Inc. (a) 3,727 192,611 
Enanta Pharmaceuticals, Inc. (a) 1,297 113,085 
Epizyme, Inc. (a) 5,196 64,482 
Esperion Therapeutics, Inc. (a) 2,039 87,881 
Exelixis, Inc. (a) 24,827 488,099 
Fate Therapeutics, Inc. (a) 4,961 83,345 
FibroGen, Inc. (a) 6,290 293,932 
Five Prime Therapeutics, Inc. (a) 2,900 32,132 
Flexion Therapeutics, Inc. (a) 2,725 28,885 
Galectin Therapeutics, Inc. (a)(b) 2,482 10,623 
Galectin Therapeutics, Inc. rights 5/23/19 (a)(d) 2,482 
Genomic Health, Inc. (a) 1,730 111,291 
Geron Corp. (a)(b) 15,208 27,679 
Global Blood Therapeutics, Inc. (a) 4,615 255,671 
GlycoMimetics, Inc. (a) 2,693 32,774 
Halozyme Therapeutics, Inc. (a) 10,491 169,220 
Heron Therapeutics, Inc. (a) 5,654 122,579 
Homology Medicines, Inc. (a) 777 16,721 
ImmunoGen, Inc. (a) 12,186 29,125 
Immunomedics, Inc. (a)(b) 14,211 227,660 
Inovio Pharmaceuticals, Inc. (a)(b) 7,429 27,933 
Insmed, Inc. (a) 6,407 195,029 
Insys Therapeutics, Inc. (a)(b) 2,244 9,649 
Intellia Therapeutics, Inc. (a) 2,566 39,465 
Intercept Pharmaceuticals, Inc. (a) 1,814 156,331 
Intrexon Corp. (a)(b) 5,833 25,257 
Invitae Corp. (a) 5,468 129,154 
Ionis Pharmaceuticals, Inc. (a) 11,422 848,997 
Iovance Biotherapeutics, Inc. (a) 10,246 116,804 
Ironwood Pharmaceuticals, Inc. Class A (a) 11,651 138,530 
Kadmon Holdings, Inc. (a) 9,418 22,132 
Karyopharm Therapeutics, Inc. (a) 4,138 19,324 
Kindred Biosciences, Inc. (a) 2,449 21,772 
Kiniksa Pharmaceuticals Ltd. 708 10,570 
Kura Oncology, Inc. (a) 2,501 37,865 
La Jolla Pharmaceutical Co. (a) 1,719 13,838 
Lexicon Pharmaceuticals, Inc. (a) 4,043 23,449 
Ligand Pharmaceuticals, Inc. Class B (a) 1,766 222,251 
Macrogenics, Inc. (a) 3,147 52,775 
Madrigal Pharmaceuticals, Inc. (a) 687 72,877 
MannKind Corp. (a) 14,672 22,595 
Minerva Neurosciences, Inc. (a) 2,640 19,457 
Mirati Therapeutics, Inc. (a) 2,711 161,277 
Momenta Pharmaceuticals, Inc. (a) 7,911 110,675 
Myriad Genetics, Inc. (a) 6,211 195,522 
Natera, Inc. (a) 3,116 59,547 
Neurocrine Biosciences, Inc. (a) 7,527 543,750 
Novavax, Inc. (a)(b) 32,494 17,264 
Opko Health, Inc. (a)(b) 29,862 71,370 
PDL BioPharma, Inc. (a) 12,119 39,629 
Polarityte, Inc. (a) 1,396 12,620 
Portola Pharmaceuticals, Inc. (a)(b) 5,520 194,856 
Progenics Pharmaceuticals, Inc. (a) 6,946 35,702 
Prothena Corp. PLC (a) 3,288 34,195 
PTC Therapeutics, Inc. (a)(b) 3,910 146,312 
Puma Biotechnology, Inc. (a) 2,529 81,231 
Ra Pharmaceuticals, Inc. (a) 2,229 49,484 
Radius Health, Inc. (a) 3,428 75,485 
REGENXBIO, Inc. (a) 2,506 126,302 
Repligen Corp. (a) 3,244 218,581 
Retrophin, Inc. (a) 3,392 64,719 
Rigel Pharmaceuticals, Inc. (a) 13,038 29,075 
Rocket Pharmaceuticals, Inc. (a) 2,205 40,925 
Sage Therapeutics, Inc.(a) 3,891 654,583 
Sangamo Therapeutics, Inc. (a) 8,494 99,295 
Savara, Inc. (a) 2,243 23,955 
Scholar Rock Holding Corp. 474 10,087 
Seattle Genetics, Inc. (a) 8,910 603,920 
Solid Biosciences, Inc. (a)(b) 1,212 11,005 
Sorrento Therapeutics, Inc. (a) 7,736 28,236 
Spark Therapeutics, Inc. (a) 2,687 286,676 
Spectrum Pharmaceuticals, Inc. (a) 8,373 78,455 
Stemline Therapeutics, Inc. (a) 3,045 45,675 
Syndax Pharmaceuticals, Inc. (a) 1,627 11,633 
T2 Biosystems, Inc. (a) 3,179 8,170 
TG Therapeutics, Inc. (a) 5,547 44,099 
Tocagen, Inc. (a) 1,766 17,448 
Trevena, Inc. (a) 6,229 9,157 
Ultragenyx Pharmaceutical, Inc. (a) 3,958 261,228 
United Therapeutics Corp. (a) 3,624 371,714 
Vanda Pharmaceuticals, Inc. (a) 4,306 70,145 
Veracyte, Inc. (a) 2,466 56,397 
Verastem, Inc. (a)(b) 6,183 13,170 
Vericel Corp. (a) 3,620 61,504 
Viking Therapeutics, Inc. (a)(b) 4,297 33,646 
Voyager Therapeutics, Inc. (a) 1,813 38,254 
Xencor, Inc. (a) 3,943 121,090 
XOMA Corp. (a)(b) 548 6,499 
Zafgen, Inc. (a) 2,869 7,345 
ZIOPHARM Oncology, Inc. (a)(b) 10,979 48,527 
  15,674,139 
Health Care Equipment & Supplies - 2.4%   
Accuray, Inc. (a) 7,181 29,729 
Angiodynamics, Inc. (a) 3,069 63,037 
Antares Pharma, Inc. (a) 11,777 31,680 
Atricure, Inc. (a) 2,927 87,869 
Atrion Corp. 119 104,720 
Avanos Medical, Inc. (a) 3,943 165,409 
AxoGen, Inc. (a) 2,797 65,674 
BioLife Solutions, Inc. (a) 981 16,422 
Cantel Medical Corp. 3,008 207,372 
Cardiovascular Systems, Inc. (a) 2,885 102,533 
Cerus Corp. (a) 11,300 69,269 
CONMED Corp. 2,150 172,065 
Cryolife, Inc. (a) 2,844 87,197 
CryoPort, Inc. (a)(b) 2,437 34,289 
Cutera, Inc. (a) 1,140 20,224 
CytoSorbents Corp. (a) 2,213 15,934 
Endologix, Inc. (a) 751 4,821 
Genmark Diagnostics, Inc. (a) 4,734 34,274 
Glaukos Corp. (a) 2,789 201,171 
Globus Medical, Inc. (a) 6,305 284,292 
Haemonetics Corp. (a) 4,289 374,344 
Heska Corp. (a) 565 43,878 
Hill-Rom Holdings, Inc. 5,577 565,619 
ICU Medical, Inc. (a) 1,376 313,040 
Inogen, Inc. (a) 1,467 128,069 
Inspire Medical Systems, Inc. 1,004 51,897 
Insulet Corp. (a) 4,901 422,711 
Integer Holdings Corp. (a) 2,459 169,892 
Integra LifeSciences Holdings Corp. (a) 5,858 305,729 
IntriCon Corp. (a) 621 14,513 
Invacare Corp. 2,782 20,587 
iRhythm Technologies, Inc. (a) 1,829 139,571 
Lantheus Holdings, Inc. (a) 3,163 76,418 
LeMaitre Vascular, Inc. 1,333 38,497 
LivaNova PLC (a) 4,039 278,247 
Masimo Corp. (a) 4,046 526,587 
Meridian Bioscience, Inc. 3,564 41,022 
Merit Medical Systems, Inc. (a) 4,553 255,788 
Natus Medical, Inc. (a) 2,804 75,035 
Neogen Corp. (a) 4,311 261,505 
Nevro Corp. (a) 2,507 154,707 
NuVasive, Inc. (a) 4,266 258,520 
Nuvectra Corp. (a) 1,471 13,886 
OraSure Technologies, Inc. (a) 5,071 47,972 
Orthofix International NV (a) 1,560 85,472 
OrthoPediatrics Corp. (a) 658 26,807 
Penumbra, Inc. (a)(b) 2,577 346,607 
Quanterix Corp. (a) 758 17,222 
Quidel Corp. (a) 2,907 185,874 
Seaspine Holdings Corp. (a) 1,109 16,336 
Senseonics Holdings, Inc. (a)(b) 7,893 18,391 
Sientra, Inc. (a) 2,010 16,924 
Staar Surgical Co. (a) 2,337 75,906 
SurModics, Inc. (a) 1,096 47,610 
Tactile Systems Technology, Inc. (a) 1,383 68,818 
Tandem Diabetes Care, Inc. (a) 4,764 292,557 
TransEnterix, Inc. (a) 15,597 31,194 
Varex Imaging Corp. (a) 3,169 104,070 
ViewRay, Inc. (a) 4,856 33,798 
West Pharmaceutical Services, Inc. 6,141 760,194 
Wright Medical Group NV (a) 9,649 285,321 
  8,789,116 
Health Care Providers & Services - 1.6%   
Acadia Healthcare Co., Inc. (a) 7,320 234,386 
Addus HomeCare Corp. (a) 836 56,764 
Amedisys, Inc. (a) 2,412 308,302 
American Renal Associates Holdings, Inc. (a) 1,500 10,320 
AMN Healthcare Services, Inc. (a) 3,899 202,982 
Apollo Medical Holdings, Inc. (a) 1,925 37,249 
BioScrip, Inc. (a) 10,681 20,508 
BioTelemetry, Inc. (a) 2,755 149,872 
Brookdale Senior Living, Inc. (a) 15,524 95,938 
Capital Senior Living Corp. (a) 2,470 10,374 
Chemed Corp. 1,326 433,310 
Community Health Systems, Inc. (a) 9,454 32,522 
Corvel Corp. (a) 769 55,214 
Cross Country Healthcare, Inc. (a) 2,964 20,896 
DaVita HealthCare Partners, Inc. (a) 10,461 577,866 
Diplomat Pharmacy, Inc. (a) 4,610 25,724 
Encompass Health Corp. 8,204 528,748 
G1 Therapeutics, Inc. (a) 2,154 46,096 
HealthEquity, Inc. (a) 4,506 305,282 
LHC Group, Inc. (a) 2,426 269,553 
Magellan Health Services, Inc. (a) 2,015 141,050 
MEDNAX, Inc. (a) 7,421 207,565 
Molina Healthcare, Inc. (a) 5,178 671,224 
National Healthcare Corp. 796 60,042 
National Vision Holdings, Inc. (a) 5,266 142,182 
Neuronetics, Inc. 520 8,668 
OptiNose, Inc. (a)(b) 1,139 11,344 
Owens & Minor, Inc. 5,031 17,156 
Patterson Companies, Inc. 6,861 149,844 
PetIQ, Inc. Class A (a)(b) 1,369 37,606 
Premier, Inc. (a) 4,453 147,973 
Providence Service Corp. 922 61,156 
R1 RCM, Inc. (a) 8,074 84,535 
RadNet, Inc. (a) 3,436 41,610 
Select Medical Holdings Corp. (a) 8,974 128,956 
Surgery Partners, Inc. (a) 1,505 16,299 
Tenet Healthcare Corp. (a) 6,913 151,395 
The Ensign Group, Inc. 4,091 210,768 
Tivity Health, Inc. (a) 3,390 73,292 
Triple-S Management Corp. (a) 1,835 41,691 
U.S. Physical Therapy, Inc. 1,047 121,965 
  5,948,227 
Health Care Technology - 0.5%   
Allscripts Healthcare Solutions, Inc. (a) 14,505 143,164 
Castlight Health, Inc. Class B (a) 6,177 23,040 
Computer Programs & Systems, Inc. 990 30,086 
Evolent Health, Inc. (a) 5,904 79,999 
HealthStream, Inc. 2,145 56,156 
HMS Holdings Corp. (a) 6,979 212,371 
Inovalon Holdings, Inc. Class A (a)(b) 5,970 80,774 
Medidata Solutions, Inc. (a) 5,081 459,018 
Nextgen Healthcare, Inc. (a) 3,952 74,258 
Omnicell, Inc. (a) 3,292 264,545 
Tabula Rasa HealthCare, Inc. (a)(b) 1,400 74,564 
Teladoc Health, Inc. (a)(b) 5,823 331,212 
Vocera Communications, Inc. (a) 2,518 80,198 
  1,909,385 
Life Sciences Tools & Services - 1.0%   
Accelerate Diagnostics, Inc.(a) 2,143 41,789 
Bio-Rad Laboratories, Inc. Class A (a) 1,670 502,553 
Bio-Techne Corp. 3,133 640,980 
Bruker Corp. 8,312 320,843 
Cambrex Corp. (a) 2,779 119,553 
Charles River Laboratories International, Inc. (a) 3,990 560,475 
Codexis, Inc. (a) 3,967 78,150 
Fluidigm Corp. (a) 3,979 54,671 
Luminex Corp. 3,406 77,691 
Medpace Holdings, Inc. (a) 2,163 121,496 
Nanostring Technologies, Inc. (a) 2,159 56,069 
NeoGenomics, Inc. (a) 7,761 161,662 
Pacific Biosciences of California, Inc. (a) 11,371 84,032 
PRA Health Sciences, Inc. (a) 4,853 469,867 
Syneos Health, Inc. (a) 5,056 237,278 
  3,527,109 
Pharmaceuticals - 1.5%   
AcelRx Pharmaceuticals, Inc. (a) 5,548 21,471 
Aclaris Therapeutics, Inc. (a) 2,916 18,371 
Adamis Pharmaceuticals Corp. (a) 3,645 7,472 
Aerie Pharmaceuticals, Inc. (a) 3,225 123,034 
Akcea Therapeutics, Inc. (a)(b) 1,347 33,796 
Akorn, Inc. (a) 7,798 21,055 
Amneal Pharmaceuticals, Inc. (a) 6,529 84,028 
Amphastar Pharmaceuticals, Inc. (a) 2,898 62,568 
ANI Pharmaceuticals, Inc. (a) 679 48,195 
Aratana Therapeutics, Inc. (a) 4,053 19,049 
Assertio Therapeutics, Inc. (a) 5,281 22,022 
Athenex, Inc. (a) 3,437 33,958 
Biodelivery Sciences International, Inc. (a) 4,708 22,740 
Catalent, Inc. (a) 12,063 540,664 
Collegium Pharmaceutical, Inc. (a) 2,321 32,332 
Corcept Therapeutics, Inc. (a)(b) 8,704 107,756 
Cyclerion Therapeutics, Inc. (a) 1,198 18,246 
CymaBay Therapeutics, Inc. (a) 4,909 62,884 
Dermira, Inc. (a) 2,811 31,174 
Dova Pharmaceuticals, Inc. (a) 1,068 9,826 
Endo International PLC (a) 16,606 124,545 
Evolus, Inc. (a) 754 18,383 
Horizon Pharma PLC (a) 13,921 355,403 
Innoviva, Inc. (a) 5,554 77,923 
Intersect ENT, Inc. (a) 2,526 82,070 
Intra-Cellular Therapies, Inc. (a) 3,974 52,338 
Jazz Pharmaceuticals PLC (a) 5,006 649,629 
Kala Pharmaceuticals, Inc. (a) 1,611 12,501 
Lannett Co., Inc. (a) 2,769 21,294 
Mallinckrodt PLC (a) 6,939 107,277 
Marinus Pharmaceuticals, Inc. (a) 4,008 19,800 
MyoKardia, Inc. (a) 2,782 133,480 
Nektar Therapeutics (a) 14,362 459,871 
Neos Therapeutics, Inc. (a) 3,492 8,416 
Ocular Therapeutix, Inc. (a) 3,080 11,550 
Omeros Corp. (a)(b) 3,803 71,649 
Pacira Biosciences, Inc. (a) 3,428 136,503 
Paratek Pharmaceuticals, Inc. (a)(b) 2,455 13,527 
Perrigo Co. PLC 10,372 497,026 
Phibro Animal Health Corp. Class A 1,676 58,174 
Prestige Brands Holdings, Inc. (a) 4,261 125,359 
Reata Pharmaceuticals, Inc. (a) 1,291 101,292 
Revance Therapeutics, Inc. (a) 2,615 34,623 
Rhythm Pharmaceuticals, Inc. (a) 1,754 44,341 
SIGA Technologies, Inc. (a) 3,573 18,723 
Supernus Pharmaceuticals, Inc. (a) 4,316 158,527 
The Medicines Company (a) 5,471 174,798 
TherapeuticsMD, Inc. (a)(b) 16,466 70,804 
Theravance Biopharma, Inc. (a) 3,507 83,642 
Tricida, Inc. 1,334 45,703 
WAVE Life Sciences (a) 1,323 35,099 
Xeris Pharmaceuticals, Inc. 486 4,957 
Zogenix, Inc. (a) 3,466 135,139 
Zynerba Pharmaceuticals, Inc. (a)(b) 1,295 16,213 
  5,281,220 
TOTAL HEALTH CARE  41,129,196 
INDUSTRIALS - 16.0%   
Aerospace & Defense - 1.6%   
AAR Corp. 2,686 90,706 
Aerojet Rocketdyne Holdings, Inc. (a) 5,990 202,821 
AeroVironment, Inc. (a) 1,763 120,871 
Arconic, Inc. 35,680 766,406 
Astronics Corp. (a) 2,052 68,414 
Axon Enterprise, Inc. (a) 4,854 308,229 
BWX Technologies, Inc. 8,187 418,356 
Cubic Corp. 2,356 133,774 
Curtiss-Wright Corp. 3,632 413,830 
Ducommun, Inc. (a) 852 34,574 
HEICO Corp. 3,475 366,717 
HEICO Corp. Class A 5,862 524,239 
Hexcel Corp. 7,131 504,233 
KEYW Holding Corp. (a) 4,175 47,345 
Kratos Defense & Security Solutions, Inc. (a) 7,254 115,194 
Mercury Systems, Inc. (a) 4,022 293,686 
Moog, Inc. Class A 2,699 252,734 
National Presto Industries, Inc. 417 44,411 
Teledyne Technologies, Inc. (a) 2,992 743,542 
Triumph Group, Inc. 4,141 98,266 
Vectrus, Inc. (a) 952 38,604 
Wesco Aircraft Holdings, Inc. (a) 5,360 45,238 
  5,632,190 
Air Freight & Logistics - 0.4%   
Air Transport Services Group, Inc. (a) 4,918 115,721 
Atlas Air Worldwide Holdings, Inc. (a) 2,126 102,665 
Echo Global Logistics, Inc. (a) 2,369 54,345 
Forward Air Corp. 2,433 154,058 
Hub Group, Inc. Class A (a) 2,795 116,188 
XPO Logistics, Inc. (a)(b) 10,530 716,882 
  1,259,859 
Airlines - 0.5%   
Alaska Air Group, Inc. 10,227 633,051 
Allegiant Travel Co. 1,055 154,958 
Hawaiian Holdings, Inc. 4,112 116,000 
JetBlue Airways Corp. (a) 25,282 468,981 
Mesa Air Group, Inc. 918 8,391 
SkyWest, Inc. 4,304 265,083 
Spirit Airlines, Inc. (a) 5,670 308,335 
  1,954,799 
Building Products - 1.7%   
A.O. Smith Corp. 11,924 626,845 
AAON, Inc. 3,384 169,911 
Advanced Drain Systems, Inc. Del 3,395 95,230 
Allegion PLC 7,882 782,131 
American Woodmark Corp. (a) 1,281 115,200 
Apogee Enterprises, Inc. 2,348 94,624 
Armstrong World Industries, Inc. 4,119 356,994 
Builders FirstSource, Inc. (a) 9,530 131,323 
Continental Building Products, Inc. (a) 3,044 78,079 
COVIA Corp. (a) 2,562 12,323 
CSW Industrials, Inc. 1,261 75,597 
Fortune Brands Home & Security, Inc. 11,732 619,215 
GCP Applied Technologies, Inc. (a) 6,008 172,970 
Gibraltar Industries, Inc. (a) 2,651 105,165 
GMS, Inc. (a) 2,728 48,067 
Griffon Corp. 2,784 54,622 
Insteel Industries, Inc. 1,496 31,326 
Jeld-Wen Holding, Inc. (a) 5,615 110,896 
Lennox International, Inc. 3,007 816,250 
Masonite International Corp. (a) 2,189 112,712 
NCI Building Systems, Inc. (a) 3,586 20,512 
Owens Corning 9,074 465,224 
Patrick Industries, Inc. (a) 1,887 94,105 
PGT, Inc. (a) 4,829 70,793 
Quanex Building Products Corp. 2,941 49,174 
Resideo Technologies, Inc. (a) 10,206 231,676 
Simpson Manufacturing Co. Ltd. 3,438 218,932 
Trex Co., Inc. (a) 4,882 338,176 
Universal Forest Products, Inc. 5,120 189,184 
  6,287,256 
Commercial Services & Supplies - 1.7%   
ABM Industries, Inc. 5,471 207,734 
ACCO Brands Corp. 8,494 77,635 
ADS Waste Holdings, Inc. (a) 5,965 192,908 
Brady Corp. Class A 4,078 198,966 
BrightView Holdings, Inc. 1,788 28,680 
Casella Waste Systems, Inc. Class A (a) 3,258 121,589 
Clean Harbors, Inc. (a) 4,232 321,632 
Covanta Holding Corp. 9,697 175,225 
Deluxe Corp. 3,847 172,038 
Ennis, Inc. 2,185 44,093 
Evoqua Water Technologies Corp. (a) 4,835 65,853 
Healthcare Services Group, Inc. 6,140 207,839 
Heritage-Crystal Clean, Inc. (a) 1,111 31,919 
Herman Miller, Inc. 4,929 191,344 
HNI Corp. 3,615 132,707 
Interface, Inc. 4,908 78,724 
KAR Auction Services, Inc. 11,167 630,712 
Kimball International, Inc. Class B 3,011 47,152 
Knoll, Inc. 4,074 88,976 
LSC Communications, Inc. 2,681 18,740 
Matthews International Corp. Class A 2,650 106,159 
McGrath RentCorp. 2,010 124,620 
Mobile Mini, Inc. 3,680 132,554 
MSA Safety, Inc. 2,907 319,508 
Multi-Color Corp. 1,146 57,185 
Pitney Bowes, Inc. 15,486 110,105 
Quad/Graphics, Inc. 2,448 29,890 
R.R. Donnelley & Sons Co. 5,711 26,385 
Rollins, Inc. 12,219 472,509 
SP Plus Corp. (a) 1,855 64,035 
Steelcase, Inc. Class A 7,176 124,073 
Stericycle, Inc. (a) 7,067 412,642 
Team, Inc. (a) 2,485 41,997 
Tetra Tech, Inc. 4,595 297,388 
The Brink's Co. 4,204 336,026 
U.S. Ecology, Inc. 1,831 111,709 
UniFirst Corp. 1,274 201,458 
Viad Corp. 1,678 102,878 
  6,105,587 
Construction & Engineering - 1.2%   
AECOM (a) 12,959 439,310 
Aegion Corp. (a) 2,675 53,259 
Ameresco, Inc. Class A (a) 1,502 22,620 
Arcosa, Inc. 4,052 126,139 
Argan, Inc. 1,217 58,197 
Comfort Systems U.S.A., Inc. 3,087 167,007 
Dycom Industries, Inc. (a) 2,609 129,380 
EMCOR Group, Inc. 4,767 401,095 
Fluor Corp. 11,675 463,848 
Granite Construction, Inc. 3,901 175,116 
Great Lakes Dredge & Dock Corp. (a) 5,173 52,920 
HC2 Holdings, Inc. (a) 3,248 6,951 
Jacobs Engineering Group, Inc. 9,918 773,009 
KBR, Inc. 11,699 259,952 
Keane Group, Inc. (a) 3,582 37,575 
MasTec, Inc. (a) 5,290 267,939 
MYR Group, Inc. (a) 1,384 50,032 
NV5 Holdings, Inc. (a) 771 48,835 
Orion Group Holdings, Inc. (a) 2,990 7,744 
Primoris Services Corp. 3,454 75,712 
Quanta Services, Inc. 12,108 491,585 
Sterling Construction Co., Inc. (a) 2,093 28,381 
Tutor Perini Corp. (a) 3,259 65,082 
Valmont Industries, Inc. 1,831 246,892 
Williams Scotsman Corp. (a) 3,106 41,838 
  4,490,418 
Electrical Equipment - 0.9%   
Acuity Brands, Inc. 3,327 486,840 
Allied Motion Technologies, Inc. 640 23,430 
AZZ, Inc. 2,173 103,196 
Encore Wire Corp. 1,728 102,453 
Energous Corp. (a) 1,646 8,345 
EnerSys 3,501 242,234 
Enphase Energy, Inc. (a) 6,325 63,503 
Generac Holdings, Inc. (a) 5,149 283,144 
GrafTech International Ltd. 5,065 57,994 
Hubbell, Inc. Class B 4,536 578,794 
Plug Power, Inc. (a)(b) 19,471 48,483 
Regal Beloit Corp. 3,576 304,246 
Sensata Technologies, Inc. PLC (a) 13,610 679,683 
Sunrun, Inc. (a) 6,234 94,819 
Thermon Group Holdings, Inc. (a) 2,719 70,123 
TPI Composites, Inc. (a) 1,511 46,765 
Vicor Corp. (a) 1,339 50,226 
Vivint Solar, Inc. (a) 3,456 18,697 
  3,262,975 
Industrial Conglomerates - 0.3%   
Carlisle Companies, Inc. 4,938 698,332 
ITT, Inc. 7,267 440,017 
Raven Industries, Inc. 2,995 116,535 
  1,254,884 
Machinery - 4.5%   
Actuant Corp. Class A 5,074 129,793 
AGCO Corp. 5,455 386,105 
Alamo Group, Inc. 794 82,290 
Albany International Corp. Class A 2,410 178,268 
Allison Transmission Holdings, Inc. 9,889 463,399 
Altra Industrial Motion Corp. 5,351 200,609 
Apergy Corp. (a) 6,422 254,889 
Astec Industries, Inc. 1,883 63,476 
Barnes Group, Inc. 3,906 217,252 
Blue Bird Corp. (a) 1,115 19,301 
Briggs & Stratton Corp. 3,501 42,712 
Cactus, Inc. (a) 3,106 112,748 
Chart Industries, Inc. (a) 2,597 229,237 
CIRCOR International, Inc. (a) 1,624 54,761 
Colfax Corp. (a) 7,884 237,860 
Columbus McKinnon Corp. (NY Shares) 1,714 67,463 
Commercial Vehicle Group, Inc. (a) 2,219 19,793 
Crane Co. 4,179 355,424 
Donaldson Co., Inc. 10,604 567,738 
Douglas Dynamics, Inc. 1,871 70,649 
Energy Recovery, Inc. (a) 2,535 24,666 
EnPro Industries, Inc. 1,713 127,310 
ESCO Technologies, Inc. 2,156 161,700 
Federal Signal Corp. 4,983 143,361 
Flowserve Corp. 10,859 532,417 
Franklin Electric Co., Inc. 3,210 156,841 
Gardner Denver Holdings, Inc. (a) 10,552 356,130 
Gates Industrial Corp. PLC (a) 3,874 62,294 
Global Brass & Copper Holdings, Inc. 1,859 80,662 
Gorman-Rupp Co. 1,587 52,847 
Graco, Inc. 13,785 706,481 
Greenbrier Companies, Inc. 2,697 95,824 
Harsco Corp. (a) 6,637 150,262 
Hillenbrand, Inc. 5,159 221,940 
Hyster-Yale Materials Handling Class A 795 52,963 
John Bean Technologies Corp. 2,625 288,199 
Kadant, Inc. 925 90,733 
Kennametal, Inc. 6,816 277,411 
Lincoln Electric Holdings, Inc. 5,340 466,022 
Lindsay Corp. 885 75,225 
Lydall, Inc. (a) 1,417 34,872 
Manitowoc Co., Inc. (a) 2,973 53,098 
Meritor, Inc. (a) 7,050 171,033 
Middleby Corp. (a)(b) 4,633 612,158 
Milacron Holdings Corp. (a) 5,846 85,410 
Mueller Industries, Inc. 4,791 139,753 
Mueller Water Products, Inc. Class A 12,965 139,114 
Navistar International Corp. New (a) 5,418 184,971 
NN, Inc. 3,402 30,754 
Nordson Corp. 4,337 632,985 
Oshkosh Corp. 5,964 492,567 
Pentair PLC 13,255 516,812 
ProPetro Holding Corp. (a) 6,139 135,856 
Proto Labs, Inc. (a) 2,249 246,918 
RBC Bearings, Inc. (a) 2,057 282,940 
Rexnord Corp. (a) 8,679 248,219 
Spartan Motors, Inc. 2,576 23,957 
SPX Corp. (a) 3,608 131,692 
SPX Flow, Inc. (a) 3,507 126,042 
Standex International Corp. 1,061 70,100 
Sun Hydraulics Corp. 2,375 124,308 
Tennant Co. 1,511 100,300 
Terex Corp. 5,392 179,715 
Timken Co. 5,734 274,945 
Titan International, Inc. 4,150 28,760 
Toro Co. 8,715 637,502 
TriMas Corp. (a) 3,786 117,101 
Trinity Industries, Inc. 12,152 261,997 
Wabash National Corp. 4,665 70,348 
WABCO Holdings, Inc. (a) 4,328 573,200 
Wabtec Corp. 7,134 528,415 
Watts Water Technologies, Inc. Class A 2,306 197,371 
Welbilt, Inc. (a) 10,824 182,168 
Woodward, Inc. 4,613 502,356 
  16,014,792 
Marine - 0.2%   
Eagle Bulk Shipping, Inc. (a) 6,122 33,365 
Genco Shipping & Trading Ltd. (a) 1,119 11,302 
Kirby Corp. (a) 4,467 365,043 
Matson, Inc. 3,534 139,982 
  549,692 
Professional Services - 1.0%   
Asgn, Inc. (a) 4,354 274,476 
Barrett Business Services, Inc. 618 45,027 
BG Staffing, Inc. 763 17,831 
CBIZ, Inc. (a) 4,619 89,193 
CRA International, Inc. 659 34,321 
Exponent, Inc. 4,318 244,485 
Forrester Research, Inc. 850 43,231 
FTI Consulting, Inc. (a) 3,188 270,916 
Heidrick & Struggles International, Inc. 1,582 56,604 
Huron Consulting Group, Inc. (a) 1,884 91,054 
ICF International, Inc. 1,556 121,166 
InnerWorkings, Inc. (a) 3,634 12,283 
Insperity, Inc. 3,158 377,570 
Kelly Services, Inc. Class A (non-vtg.) 2,603 57,943 
Kforce, Inc. 1,924 69,302 
Korn Ferry 4,698 220,900 
Manpower, Inc. 5,129 492,589 
Navigant Consulting, Inc. 3,507 80,065 
Resources Connection, Inc. 2,481 39,845 
Robert Half International, Inc. 10,077 625,681 
TriNet Group, Inc. (a) 3,623 225,858 
TrueBlue, Inc. (a) 3,328 80,404 
WageWorks, Inc. (a) 3,294 160,714 
Willdan Group, Inc. (a) 800 31,624 
  3,763,082 
Road & Rail - 0.7%   
AMERCO 634 236,590 
ArcBest Corp. 2,142 65,460 
Avis Budget Group, Inc. (a) 5,403 192,077 
Covenant Transport Group, Inc. Class A (a) 991 19,354 
Daseke, Inc. (a) 4,639 23,937 
Genesee & Wyoming, Inc. Class A (a) 4,841 429,155 
Heartland Express, Inc. 3,957 77,874 
Hertz Global Holdings, Inc. (a) 4,539 82,519 
Knight-Swift Transportation Holdings, Inc. Class A (b) 10,425 347,674 
Landstar System, Inc. 3,408 371,336 
Marten Transport Ltd. 3,221 63,711 
Ryder System, Inc. 4,403 277,389 
Saia, Inc. (a) 2,136 137,537 
Schneider National, Inc. Class B 2,350 49,115 
U.S. Xpress Enterprises, Inc. 1,393 9,389 
U.S.A. Truck, Inc. (a) 548 7,804 
Universal Logistics Holdings, Inc. 665 16,239 
Werner Enterprises, Inc. 3,666 122,811 
YRC Worldwide, Inc. (a) 2,839 19,334 
  2,549,305 
Trading Companies & Distributors - 1.2%   
Air Lease Corp. Class A 8,283 319,392 
Aircastle Ltd. 4,430 88,246 
Applied Industrial Technologies, Inc. 3,219 192,947 
Beacon Roofing Supply, Inc. (a) 5,660 213,156 
BlueLinx Corp. (a) 756 19,444 
BMC Stock Holdings, Inc. (a) 5,559 114,404 
CAI International, Inc. (a) 1,427 35,432 
DXP Enterprises, Inc. (a) 1,320 56,615 
GATX Corp. 3,123 240,877 
General Finance Corp. (a) 1,305 12,137 
H&E Equipment Services, Inc. 2,652 80,647 
HD Supply Holdings, Inc. (a) 15,231 695,904 
Herc Holdings, Inc. (a) 1,983 95,501 
Kaman Corp. 2,319 143,569 
MRC Global, Inc. (a) 7,522 130,356 
MSC Industrial Direct Co., Inc. Class A 3,766 315,026 
Now, Inc. (a) 9,019 131,858 
Rush Enterprises, Inc. Class A 2,529 107,255 
SiteOne Landscape Supply, Inc. (a) 3,390 228,147 
Systemax, Inc. 1,183 26,866 
Textainer Group Holdings Ltd. (a) 2,002 19,199 
Titan Machinery, Inc. (a) 1,527 26,264 
Triton International Ltd. 4,234 139,510 
Univar, Inc. (a) 9,535 212,917 
Veritiv Corp. (a) 1,076 30,010 
Watsco, Inc. 2,665 422,323 
WESCO International, Inc. (a) 3,875 221,805 
  4,319,807 
Transportation Infrastructure - 0.1%   
Macquarie Infrastructure Co. LLC 6,395 259,061 
TOTAL INDUSTRIALS  57,703,707 
INFORMATION TECHNOLOGY - 15.8%   
Communications Equipment - 1.0%   
Acacia Communications, Inc. (a) 2,345 135,729 
ADTRAN, Inc. 3,995 68,474 
Applied Optoelectronics, Inc. (a)(b) 1,546 19,356 
CalAmp Corp. (a) 2,879 42,062 
Calix Networks, Inc. (a) 3,822 26,181 
Ciena Corp. (a) 11,791 452,303 
CommScope Holding Co., Inc. (a) 15,946 395,142 
Comtech Telecommunications Corp. 1,995 46,942 
EchoStar Holding Corp. Class A (a) 3,998 159,320 
Extreme Networks, Inc. (a) 9,770 78,160 
Finisar Corp. (a) 9,743 234,904 
Harmonic, Inc. (a) 7,279 41,199 
Infinera Corp. (a) 12,588 54,632 
InterDigital, Inc. 2,811 183,811 
Lumentum Holdings, Inc. (a) 6,114 378,885 
Maxar Technologies, Inc. 4,945 24,379 
NETGEAR, Inc. (a) 2,611 81,019 
NetScout Systems, Inc. (a) 5,812 170,873 
Plantronics, Inc. 2,744 141,261 
Quantenna Communications, Inc. (a) 2,283 55,591 
Sonus Networks, Inc. (a) 4,272 22,898 
Ubiquiti Networks, Inc. (b) 1,588 270,675 
ViaSat, Inc. (a)(b) 4,652 422,495 
Viavi Solutions, Inc. (a) 18,981 252,447 
  3,758,738 
Electronic Equipment & Components - 2.9%   
ADT, Inc. 10,047 66,210 
Anixter International, Inc. (a) 2,379 149,568 
Arlo Technologies, Inc. 6,296 24,995 
Arrow Electronics, Inc. (a) 7,222 610,331 
Avnet, Inc. 9,225 448,427 
AVX Corp. 3,875 63,201 
Badger Meter, Inc. 2,423 134,428 
Belden, Inc. 3,349 186,037 
Benchmark Electronics, Inc. 3,651 98,687 
Cardtronics PLC (a) 3,079 110,105 
Casa Systems, Inc. (a) 2,348 22,517 
Cognex Corp. 14,286 720,443 
Coherent, Inc. (a) 2,024 299,572 
Control4 Corp. (a) 2,225 38,737 
CTS Corp. 2,738 82,003 
Daktronics, Inc. 3,238 24,544 
Dell Technologies, Inc. (a) 12,394 835,480 
Dolby Laboratories, Inc. Class A 5,297 342,663 
ePlus, Inc. (a) 1,140 107,491 
Fabrinet (a) 3,063 185,373 
FARO Technologies, Inc. (a) 1,435 80,719 
Fitbit, Inc. (a)(b) 17,213 90,885 
FLIR Systems, Inc. 11,473 607,381 
II-VI, Inc. (a) 4,976 198,244 
Insight Enterprises, Inc. (a) 2,951 166,968 
IPG Photonics Corp. (a) 2,969 518,773 
Itron, Inc. (a) 2,783 149,336 
Jabil, Inc. 11,927 360,315 
KEMET Corp. 4,723 84,400 
Knowles Corp. (a) 7,472 141,071 
Littelfuse, Inc. 2,086 419,390 
Mesa Laboratories, Inc. 294 69,587 
Methode Electronics, Inc. Class A 3,085 91,038 
MTS Systems Corp. 1,468 80,711 
National Instruments Corp. 9,321 439,019 
Novanta, Inc. (a) 2,724 237,042 
OSI Systems, Inc. (a) 1,404 126,543 
Par Technology Corp. (a) 859 20,367 
Park Electrochemical Corp. 1,578 25,958 
PC Connection, Inc. 972 36,120 
PC Mall, Inc. (a) 709 19,561 
Plexus Corp. (a) 2,605 156,769 
Rogers Corp. (a) 1,529 256,138 
Sanmina Corp. (a) 5,678 192,598 
ScanSource, Inc. (a) 2,135 80,383 
SYNNEX Corp. 3,436 370,676 
Tech Data Corp. (a) 3,098 330,278 
TTM Technologies, Inc. (a) 7,663 101,458 
Vishay Intertechnology, Inc. 10,974 217,395 
Vishay Precision Group, Inc. (a) 1,015 38,438 
  10,258,373 
Internet Software & Services - 0.0%   
Razer, Inc. (a)(c) 327,000 84,201 
IT Services - 3.0%   
Alliance Data Systems Corp. 3,887 622,309 
Amdocs Ltd. 11,722 645,648 
Booz Allen Hamilton Holding Corp. Class A 11,807 700,037 
CACI International, Inc. Class A (a) 2,061 401,771 
Carbonite, Inc. (a) 2,699 66,206 
Cass Information Systems, Inc. 991 48,886 
Conduent, Inc. (a) 15,185 194,824 
CoreLogic, Inc. (a) 6,678 271,194 
CSG Systems International, Inc. 2,769 123,636 
Endurance International Group Holdings, Inc. (a) 6,447 35,652 
EPAM Systems, Inc. (a) 4,258 763,715 
Euronet Worldwide, Inc. (a) 4,281 641,679 
Everi Holdings, Inc. (a) 5,797 59,651 
EVERTEC, Inc. 4,988 156,174 
EVO Payments, Inc. Class A 1,970 58,529 
ExlService Holdings, Inc. (a) 2,845 168,993 
Genpact Ltd. 11,478 416,651 
GreenSky, Inc. Class A 3,495 55,850 
GTT Communications, Inc. (a)(b) 2,778 116,537 
Hackett Group, Inc. 2,149 32,987 
i3 Verticals, Inc. Class A 621 14,991 
Internap Network Services Corp. (a) 1,432 5,642 
Limelight Networks, Inc. (a) 9,200 27,324 
Liveramp Holdings, Inc. (a) 5,651 329,623 
ManTech International Corp. Class A 2,205 136,688 
Maximus, Inc. 5,316 391,523 
MongoDB, Inc. Class A (a)(b) 2,294 323,270 
NIC, Inc. 5,485 94,671 
Okta, Inc. (a) 6,451 671,098 
Perficient, Inc. (a) 2,748 80,901 
Perspecta, Inc. 11,723 270,567 
Presidio, Inc. 2,548 38,271 
Sabre Corp. 22,832 473,992 
Science Applications International Corp. 4,221 316,364 
ServiceSource International, Inc. (a) 6,721 7,124 
Switch, Inc. Class A 3,197 34,751 
Sykes Enterprises, Inc. (a) 3,311 91,880 
The Western Union Co. 36,705 713,545 
Travelport Worldwide Ltd. 10,787 169,140 
Ttec Holdings, Inc. 1,162 42,367 
Unisys Corp. (a)(b) 4,258 47,732 
Virtusa Corp.(a) 2,289 127,154 
WEX, Inc. (a) 3,574 751,612 
  10,741,159 
Semiconductors & Semiconductor Equipment - 2.8%   
Adesto Technologies Corp. (a) 2,077 13,230 
Advanced Energy Industries, Inc. (a) 3,197 184,659 
Amkor Technology, Inc. (a) 10,686 96,815 
Aquantia Corp. (a) 2,129 20,247 
Axcelis Technologies, Inc. (a) 2,670 56,844 
AXT, Inc. (a) 2,937 16,741 
Brooks Automation, Inc. 5,957 223,447 
Cabot Microelectronics Corp. 2,379 300,349 
Ceva, Inc. (a) 1,838 46,299 
Cirrus Logic, Inc. (a) 4,967 236,330 
Cohu, Inc. 3,386 50,214 
Cree, Inc. (a) 8,512 562,558 
Cypress Semiconductor Corp. 30,005 515,486 
Diodes, Inc. (a) 3,303 120,295 
Entegris, Inc. 11,721 478,920 
First Solar, Inc. (a) 6,260 385,178 
FormFactor, Inc. (a) 6,153 116,599 
Ichor Holdings Ltd. (a) 1,879 47,313 
Impinj, Inc. (a) 1,252 36,646 
Inphi Corp. (a) 3,672 167,664 
Kulicke & Soffa Industries, Inc. 5,586 129,986 
Lattice Semiconductor Corp. (a) 10,730 138,954 
MACOM Technology Solutions Holdings, Inc. (a) 3,723 51,712 
MaxLinear, Inc. Class A (a) 5,188 139,609 
MKS Instruments, Inc. 4,476 407,361 
Monolithic Power Systems, Inc. 3,235 503,722 
Nanometrics, Inc. (a) 2,018 60,116 
NeoPhotonics Corp. (a) 2,905 19,841 
NVE Corp. 402 38,516 
ON Semiconductor Corp. (a) 34,910 805,025 
PDF Solutions, Inc. (a) 2,263 29,374 
Photronics, Inc. (a) 5,705 53,285 
Pixelworks, Inc. (a) 2,555 11,779 
Power Integrations, Inc. 2,438 192,651 
Qorvo, Inc. (a) 10,356 783,017 
Rambus, Inc. (a) 8,943 102,487 
Rudolph Technologies, Inc. (a) 2,588 62,604 
Semtech Corp. (a) 5,468 294,561 
Silicon Laboratories, Inc. (a) 3,579 385,315 
SMART Global Holdings, Inc. (a) 1,032 22,436 
SolarEdge Technologies, Inc. (a) 3,579 158,550 
SunPower Corp. (a) 5,091 36,757 
Synaptics, Inc. (a) 2,854 107,510 
Teradyne, Inc. 14,866 728,434 
Ultra Clean Holdings, Inc. (a) 3,259 39,010 
Universal Display Corp. (b) 3,518 561,473 
Veeco Instruments, Inc. (a) 3,954 48,160 
Versum Materials, Inc. 9,044 471,916 
Xperi Corp. 4,021 99,922 
  10,159,917 
Software - 5.6%   
2U, Inc. (a)(b) 4,806 290,763 
8x8, Inc. (a) 7,923 189,518 
A10 Networks, Inc. (a) 4,265 27,552 
ACI Worldwide, Inc. (a) 9,621 341,738 
Alarm.com Holdings, Inc. (a) 2,912 206,403 
Altair Engineering, Inc. Class A (a) 2,262 89,213 
Alteryx, Inc. Class A (a) 2,502 221,777 
American Software, Inc. Class A 2,211 28,632 
AppFolio, Inc. (a) 994 96,527 
Appian Corp. Class A (a) 2,335 84,270 
Aspen Technology, Inc. (a) 5,866 715,124 
Avaya Holdings Corp. (a) 8,588 163,859 
Benefitfocus, Inc. (a) 1,923 78,324 
Black Knight, Inc. (a) 11,758 663,386 
Blackbaud, Inc. 4,026 319,222 
BlackLine, Inc. (a) 3,027 154,619 
Bottomline Technologies, Inc. (a) 3,025 152,974 
Box, Inc. Class A (a) 11,899 245,357 
Cardlytics, Inc. (a) 720 11,232 
CDK Global, Inc. 10,674 643,856 
Ceridian HCM Holding, Inc. 2,984 158,600 
Cision Ltd. (a) 5,542 66,837 
Cloudera, Inc. (a) 18,062 201,030 
CommVault Systems, Inc. (a) 3,226 169,688 
Cornerstone OnDemand, Inc. (a) 4,429 242,045 
Coupa Software, Inc. (a) 4,290 443,286 
Digimarc Corp. (a) 975 29,045 
Domo, Inc. Class B 798 30,571 
Dropbox, Inc. Class A (a) 7,666 186,897 
Ebix, Inc. 1,854 93,590 
eGain Communications Corp. (a) 1,445 14,436 
Envestnet, Inc. (a) 3,792 269,194 
Everbridge, Inc. (a) 2,366 174,824 
Fair Isaac Corp. (a) 2,401 671,680 
FireEye, Inc. (a) 16,356 262,023 
Five9, Inc. (a) 4,883 259,141 
Forescout Technologies, Inc. (a) 1,935 81,347 
Guidewire Software, Inc. (a) 6,715 715,148 
HubSpot, Inc. (a) 3,028 558,636 
Instructure, Inc. (a) 2,624 113,042 
j2 Global, Inc. 3,878 339,790 
LivePerson, Inc. (a) 4,864 142,661 
LogMeIn, Inc. 4,242 349,541 
Manhattan Associates, Inc. (a) 5,426 365,984 
MicroStrategy, Inc. Class A (a) 779 116,616 
Mitek Systems, Inc. (a) 2,870 34,153 
MobileIron, Inc. (a) 6,250 37,063 
Model N, Inc. (a) 2,170 40,232 
Monotype Imaging Holdings, Inc. 3,422 58,995 
New Relic, Inc. (a) 3,783 398,123 
Nuance Communications, Inc. (a) 23,834 401,126 
Nutanix, Inc. Class A (a) 6,202 267,864 
Onespan, Inc. (a) 2,616 48,501 
Paycom Software, Inc. (a) 4,024 814,981 
Paylocity Holding Corp. (a) 2,631 254,023 
Pegasystems, Inc. 3,067 230,056 
Pivotal Software, Inc. 3,516 76,297 
Pluralsight, Inc. 1,748 62,037 
Progress Software Corp. 3,730 170,125 
Proofpoint, Inc. (a) 4,533 568,529 
PROS Holdings, Inc. (a) 2,860 146,546 
Q2 Holdings, Inc. (a) 3,060 230,785 
QAD, Inc. Class A 849 39,793 
Qualys, Inc. (a) 2,810 253,631 
Rapid7, Inc. (a) 3,424 186,060 
RealPage, Inc. (a) 6,067 395,629 
RingCentral, Inc. (a) 5,690 662,145 
SailPoint Technologies Holding, Inc. (a) 5,400 152,604 
SecureWorks Corp. (a) 798 15,497 
ShotSpotter, Inc. (a) 643 33,886 
Smartsheet, Inc. 1,107 46,859 
SPS Commerce, Inc. (a) 1,474 152,913 
Teradata Corp. (a) 9,794 445,333 
The Rubicon Project, Inc. (a) 3,710 23,707 
The Trade Desk, Inc. (a) 3,009 666,433 
TiVo Corp. 10,237 95,921 
Tyler Technologies, Inc. (a) 3,215 745,591 
Upland Software, Inc. (a) 1,310 60,902 
Varonis Systems, Inc. (a) 2,453 174,531 
Verint Systems, Inc. (a) 5,387 325,321 
VirnetX Holding Corp. (a) 4,787 30,541 
Workiva, Inc. (a) 2,111 112,179 
Yext, Inc. (a) 5,075 111,193 
Zendesk, Inc. (a) 8,882 779,662 
Zix Corp. (a) 4,556 37,131 
Zuora, Inc. 1,093 24,155 
  20,191,051 
Technology Hardware, Storage & Peripherals - 0.5%   
3D Systems Corp. (a) 9,495 101,027 
Cray, Inc. (a) 3,411 89,573 
Diebold Nixdorf, Inc. (a) 6,330 63,870 
Electronics for Imaging, Inc. (a) 3,637 135,260 
Immersion Corp. (a) 2,510 23,720 
NCR Corp. (a) 9,814 284,115 
Pure Storage, Inc. Class A (a) 14,382 328,773 
U.S.A. Technologies, Inc. (a)(b) 4,857 27,539 
Xerox Corp. 17,201 573,825 
  1,627,702 
TOTAL INFORMATION TECHNOLOGY  56,821,141 
MATERIALS - 5.2%   
Chemicals - 2.2%   
AdvanSix, Inc. (a) 2,460 74,366 
American Vanguard Corp. 2,182 34,345 
Amyris, Inc. (a) 3,869 17,333 
Ashland Global Holdings, Inc. 5,180 417,145 
Axalta Coating Systems Ltd. (a) 17,605 474,983 
Balchem Corp. 2,677 271,742 
Cabot Corp. 4,986 226,265 
Chase Corp. 600 56,202 
Element Solutions, Inc. (a) 19,406 210,749 
Ferro Corp. (a) 6,874 122,838 
Flotek Industries, Inc. (a) 4,231 15,105 
FutureFuel Corp. 2,157 31,686 
H.B. Fuller Co. 4,209 206,115 
Hawkins, Inc. 811 29,934 
Huntsman Corp. 17,803 395,939 
Ingevity Corp. (a) 3,484 400,695 
Innophos Holdings, Inc. 1,638 52,727 
Innospec, Inc. 2,033 172,439 
Intrepid Potash, Inc. (a) 8,003 29,771 
Koppers Holdings, Inc. (a) 1,719 45,966 
Kraton Performance Polymers, Inc. (a) 2,647 86,875 
Kronos Worldwide, Inc. 1,808 24,589 
Minerals Technologies, Inc. 2,933 184,104 
NewMarket Corp. 738 309,650 
Olin Corp. 13,852 300,450 
OMNOVA Solutions, Inc. (a) 3,636 26,906 
PolyOne Corp. 6,583 181,954 
PQ Group Holdings, Inc. (a) 3,053 48,268 
Quaker Chemical Corp. 1,109 248,216 
Rayonier Advanced Materials, Inc. 4,217 62,580 
RPM International, Inc. 11,003 667,332 
Sensient Technologies Corp. 3,495 245,069 
Stepan Co. 1,679 155,375 
The Chemours Co. LLC 14,192 511,054 
The Scotts Miracle-Gro Co. Class A 3,257 276,910 
Tredegar Corp. 2,155 38,833 
Trinseo SA 3,494 157,055 
Tronox Holdings PLC 7,786 110,094 
Valvoline, Inc. 15,615 288,878 
Venator Materials PLC (a) 4,071 24,670 
W.R. Grace & Co. 5,545 419,091 
Westlake Chemical Corp. 3,006 209,669 
  7,863,967 
Construction Materials - 0.3%   
Eagle Materials, Inc. 3,892 353,822 
Forterra, Inc. (a) 1,693 7,856 
nVent Electric PLC 13,549 378,695 
Summit Materials, Inc. (a) 9,229 161,692 
U.S. Concrete, Inc. (a) 1,323 62,353 
  964,418 
Containers & Packaging - 1.2%   
Aptargroup, Inc. 5,197 578,114 
Bemis Co., Inc. 7,552 433,636 
Berry Global Group, Inc. (a) 10,860 638,568 
Crown Holdings, Inc. (a) 11,211 651,695 
Graphic Packaging Holding Co. 25,749 357,396 
Greif, Inc. Class A 2,133 84,296 
Myers Industries, Inc. 2,971 53,151 
Owens-Illinois, Inc. 13,176 260,358 
Sealed Air Corp. 13,011 606,573 
Silgan Holdings, Inc. 6,409 191,885 
Sonoco Products Co. 8,272 521,632 
  4,377,304 
Metals & Mining - 1.2%   
AK Steel Holding Corp. (a)(b) 26,061 63,068 
Alcoa Corp. (a) 15,484 413,113 
Allegheny Technologies, Inc. (a) 10,443 260,240 
Atkore International Group, Inc. (a) 3,923 97,133 
Carpenter Technology Corp. 3,938 195,600 
Century Aluminum Co. (a) 4,148 34,885 
Cleveland-Cliffs, Inc. (b) 24,752 247,272 
Coeur d'Alene Mines Corp. (a) 16,948 61,182 
Commercial Metals Co. 9,793 169,321 
Compass Minerals International, Inc. 2,819 161,782 
Gold Resource Corp. 4,701 17,206 
Haynes International, Inc. 1,022 33,021 
Hecla Mining Co. 39,494 82,937 
Kaiser Aluminum Corp. 1,374 135,202 
Materion Corp. 1,687 97,897 
McEwen Mining, Inc. (b) 21,172 29,217 
Olympic Steel, Inc. 769 12,473 
Reliance Steel & Aluminum Co. 5,834 536,495 
Royal Gold, Inc. 5,435 473,171 
Ryerson Holding Corp. (a) 1,201 10,389 
Schnitzer Steel Industries, Inc. Class A 2,196 52,089 
Steel Dynamics, Inc. 19,042 603,251 
SunCoke Energy, Inc. 5,282 45,478 
TimkenSteel Corp. (a) 3,202 32,468 
United States Steel Corp. 14,717 229,585 
Universal Stainless & Alloy Products, Inc. (a) 682 9,814 
Warrior Metropolitan Coal, Inc. 3,640 112,840 
Worthington Industries, Inc. 3,341 134,074 
  4,351,203 
Paper & Forest Products - 0.3%   
Boise Cascade Co. 3,246 89,882 
Clearwater Paper Corp. (a) 1,368 27,593 
Domtar Corp. 5,225 255,503 
Louisiana-Pacific Corp. 11,726 293,736 
Mercer International, Inc. (SBI) 3,621 51,273 
Neenah, Inc. 1,405 95,329 
P.H. Glatfelter Co. 3,634 57,345 
Resolute Forest Products 7,486 59,214 
Schweitzer-Mauduit International, Inc. 2,567 91,308 
Verso Corp. (a) 2,849 63,590 
  1,084,773 
TOTAL MATERIALS  18,641,665 
REAL ESTATE - 9.4%   
Equity Real Estate Investment Trusts (REITs) - 8.8%   
Acadia Realty Trust (SBI) 6,806 192,201 
Agree Realty Corp. 2,887 189,012 
Alexander & Baldwin, Inc. 5,650 133,453 
Alexanders, Inc. 313 118,824 
American Assets Trust, Inc. 3,183 147,023 
American Campus Communities, Inc. 11,390 537,608 
American Finance Trust, Inc. 4,390 43,066 
American Homes 4 Rent Class A 21,367 512,381 
Americold Realty Trust (b) 4,957 158,674 
Apartment Investment & Management Co. Class A 12,522 618,086 
Apple Hospitality (REIT), Inc. 17,839 293,452 
Armada Hoffler Properties, Inc. 4,210 67,992 
Ashford Hospitality Trust, Inc. 7,086 39,044 
Bluerock Residential Growth (REIT), Inc. 1,968 22,061 
Braemar Hotels & Resorts, Inc. 2,539 35,292 
Brandywine Realty Trust (SBI) 14,864 228,757 
Brixmor Property Group, Inc. 24,915 445,480 
CareTrust (REIT), Inc. 7,038 170,672 
CatchMark Timber Trust, Inc. 4,024 40,240 
CBL & Associates Properties, Inc. 14,386 14,530 
Cedar Realty Trust, Inc. 7,509 23,053 
Chatham Lodging Trust 3,914 77,067 
Chesapeake Lodging Trust 5,002 142,557 
City Office REIT, Inc. 3,347 38,825 
Colony Capital, Inc. 40,736 209,383 
Columbia Property Trust, Inc. 9,822 223,058 
Community Healthcare Trust, Inc. 1,460 53,261 
CorEnergy Infrastructure Trust, Inc. (b) 988 37,337 
CorePoint Lodging, Inc. 3,267 40,838 
CoreSite Realty Corp. 3,048 333,482 
Corporate Office Properties Trust (SBI) 9,056 252,481 
Corrections Corp. of America 9,868 205,353 
Cousins Properties, Inc. 34,988 334,835 
CubeSmart 15,470 493,648 
CyrusOne, Inc. 8,786 489,292 
DDR Corp. 12,077 159,899 
DiamondRock Hospitality Co. 17,232 187,140 
Douglas Emmett, Inc. 13,393 551,658 
Easterly Government Properties, Inc. 5,028 90,504 
EastGroup Properties, Inc. 3,001 343,104 
Empire State Realty Trust, Inc. 11,659 180,248 
EPR Properties 6,181 487,434 
Equity Commonwealth 10,091 320,894 
Essential Properties Realty Trust, Inc. 2,918 60,344 
Farmland Partners, Inc. 2,497 16,380 
First Industrial Realty Trust, Inc. 10,499 370,300 
Four Corners Property Trust, Inc. 5,643 160,487 
Franklin Street Properties Corp. 8,900 69,954 
Front Yard Residential Corp. Class B 4,112 40,750 
Gaming & Leisure Properties 16,681 673,579 
Getty Realty Corp. 2,814 91,258 
Gladstone Commercial Corp. 2,457 53,440 
Gladstone Land Corp. 1,298 16,446 
Global Net Lease, Inc. 6,286 119,874 
Government Properties Income Trust 3,970 107,746 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. 5,129 136,380 
Healthcare Realty Trust, Inc. 10,428 322,017 
Healthcare Trust of America, Inc. 17,208 474,597 
Hersha Hospitality Trust 2,989 55,506 
Highwoods Properties, Inc. (SBI) 8,607 383,700 
Hospitality Properties Trust (SBI) 13,649 354,874 
Hudson Pacific Properties, Inc. 13,007 453,424 
Independence Realty Trust, Inc. 7,379 78,144 
Industrial Logistics Properties Trust 5,402 107,230 
InfraReit, Inc. 3,252 68,455 
Investors Real Estate Trust 993 59,858 
Invitation Homes, Inc. 24,588 611,258 
iStar Financial, Inc. 5,563 48,231 
JBG SMITH Properties 9,046 384,907 
Jernigan Capital, Inc. 1,531 32,258 
Kilroy Realty Corp. 8,357 642,737 
Kimco Realty Corp. 35,014 608,893 
Kite Realty Group Trust 7,013 110,735 
Lamar Advertising Co. Class A 7,064 583,981 
Lexington Corporate Properties Trust 17,558 159,251 
Liberty Property Trust (SBI) 12,267 608,934 
Life Storage, Inc. 3,871 368,868 
LTC Properties, Inc. 3,282 147,887 
Mack-Cali Realty Corp. 7,535 175,415 
MedEquities Realty Trust, Inc. 2,677 28,671 
Medical Properties Trust, Inc. 30,335 529,649 
Monmouth Real Estate Investment Corp. Class A 7,633 104,877 
National Health Investors, Inc. 3,517 265,287 
National Retail Properties, Inc. 13,226 695,952 
National Storage Affiliates Trust 4,678 136,878 
New Senior Investment Group, Inc. 6,736 37,654 
NexPoint Residential Trust, Inc. 1,785 66,920 
NorthStar Realty Europe Corp. 4,170 74,351 
Omega Healthcare Investors, Inc. 16,673 590,057 
Outfront Media, Inc. 11,587 276,118 
Paramount Group, Inc. 16,983 246,084 
Park Hotels & Resorts, Inc. 16,720 536,378 
Pebblebrook Hotel Trust 10,640 346,438 
Pennsylvania Real Estate Investment Trust (SBI) (b) 5,411 32,574 
Physicians Realty Trust 15,195 274,422 
Piedmont Office Realty Trust, Inc. Class A 10,714 223,065 
Potlatch Corp. 5,627 217,540 
Preferred Apartment Communities, Inc. Class A 3,413 53,379 
PS Business Parks, Inc. 1,673 257,006 
QTS Realty Trust, Inc. Class A 4,258 193,100 
Ramco-Gershenson Properties Trust (SBI) 6,670 80,907 
Rayonier, Inc. 10,757 341,965 
Retail Opportunity Investments Corp. 9,438 165,637 
Retail Properties America, Inc. 17,949 220,593 
Rexford Industrial Realty, Inc. 7,716 292,359 
RLJ Lodging Trust 14,557 267,994 
Ryman Hospitality Properties, Inc. 4,267 339,653 
Sabra Health Care REIT, Inc. 14,811 289,703 
Saul Centers, Inc. 967 51,589 
Senior Housing Properties Trust (SBI) 19,658 157,854 
Seritage Growth Properties 2,317 103,315 
SL Green Realty Corp. 7,078 625,271 
Spirit MTA REIT 3,660 24,668 
Spirit Realty Capital, Inc. 7,126 288,318 
Stag Industrial, Inc. 9,066 260,919 
Store Capital Corp. 15,749 524,757 
Summit Hotel Properties, Inc. 8,688 100,868 
Sunstone Hotel Investors, Inc. 19,005 273,672 
Tanger Factory Outlet Centers, Inc. 7,850 141,771 
Taubman Centers, Inc. 5,079 250,395 
Terreno Realty Corp. 4,927 219,991 
The GEO Group, Inc. 10,122 202,642 
The Macerich Co. 8,785 352,630 
TIER REIT, Inc. 4,520 128,097 
UMH Properties, Inc. 2,859 40,169 
Uniti Group, Inc. 14,909 163,850 
Universal Health Realty Income Trust (SBI) 1,053 85,314 
Urban Edge Properties 9,437 175,245 
Urstadt Biddle Properties, Inc. Class A 2,464 54,036 
VEREIT, Inc. 80,301 663,286 
VICI Properties, Inc. 29,880 681,264 
Washington Prime Group, Inc. 15,405 68,552 
Washington REIT (SBI) 6,664 188,191 
Weingarten Realty Investors (SBI) 9,944 287,779 
Whitestone REIT Class B 3,358 43,083 
Xenia Hotels & Resorts, Inc. 9,377 203,012 
  31,587,046 
Real Estate Management & Development - 0.6%   
Altisource Portfolio Solutions SA (a) 888 21,019 
Colony NorthStar Credit Real Estate, Inc. 6,909 107,366 
eXp World Holdings, Inc. (a) 2,960 32,264 
HFF, Inc. 3,240 154,192 
Howard Hughes Corp. (a) 3,248 360,528 
Jones Lang LaSalle, Inc. 3,780 584,275 
Kennedy-Wilson Holdings, Inc. 10,404 224,102 
Marcus & Millichap, Inc. (a) 1,754 75,597 
Newmark Group, Inc. 12,288 104,694 
RE/MAX Holdings, Inc. 1,486 64,388 
Realogy Holdings Corp. (b) 9,816 127,804 
Redfin Corp. (a)(b) 5,659 117,028 
Retail Value, Inc. 1,263 42,311 
Tejon Ranch Co. (a) 1,733 29,894 
The St. Joe Co. (a) 5,015 85,456 
  2,130,918 
TOTAL REAL ESTATE  33,717,964 
UTILITIES - 2.5%   
Electric Utilities - 0.8%   
Allete, Inc. 4,263 347,221 
El Paso Electric Co. 3,382 206,674 
Hawaiian Electric Industries, Inc. 8,995 373,113 
IDACORP, Inc. 4,172 413,111 
MGE Energy, Inc. 2,885 195,574 
OGE Energy Corp. 16,549 700,685 
Otter Tail Corp. 3,297 169,136 
PNM Resources, Inc. 6,608 306,876 
Portland General Electric Co. 7,405 387,356 
Spark Energy, Inc. Class A, 905 8,561 
  3,108,307 
Gas Utilities - 0.7%   
Chesapeake Utilities Corp. 1,358 125,805 
National Fuel Gas Co. 7,115 421,279 
New Jersey Resources Corp. 7,333 367,237 
Northwest Natural Holding Co. 2,400 160,536 
ONE Gas, Inc. 4,351 385,151 
South Jersey Industries, Inc. 7,656 245,911 
Southwest Gas Holdings, Inc. 4,393 365,454 
Spire, Inc. 4,195 353,177 
  2,424,550 
Independent Power and Renewable Electricity Producers - 0.2%   
Bloom Energy Corp. Class A 1,672 22,773 
NRG Yield, Inc.:   
Class A 2,480 38,118 
Class C 6,398 101,536 
Ormat Technologies, Inc. 4,195 244,820 
Pattern Energy Group, Inc. 7,578 175,203 
Terraform Power, Inc. 6,811 92,357 
  674,807 
Multi-Utilities - 0.4%   
Avangrid, Inc. 4,593 235,208 
Avista Corp. 5,438 234,595 
Black Hills Corp. 4,470 325,237 
MDU Resources Group, Inc. 16,223 424,231 
NorthWestern Energy Corp. 4,173 291,484 
Unitil Corp. 1,241 70,625 
  1,581,380 
Water Utilities - 0.4%   
American States Water Co. 3,054 217,353 
Aqua America, Inc. 14,764 576,682 
AquaVenture Holdings Ltd. (a) 1,067 20,753 
California Water Service Group 4,001 201,610 
Connecticut Water Service, Inc. 994 68,159 
Middlesex Water Co. 1,358 78,750 
Select Energy Services, Inc. Class A (a) 4,933 56,828 
SJW Corp. 1,889 117,231 
  1,337,366 
TOTAL UTILITIES  9,126,410 
TOTAL COMMON STOCKS   
(Cost $342,881,283)  359,433,724 
Money Market Funds - 4.6%   
Fidelity Cash Central Fund, 2.49% (e) 3,093,869 3,094,487 
Fidelity Securities Lending Cash Central Fund 2.49% (e)(f) 13,393,145 13,394,484 
TOTAL MONEY MARKET FUNDS   
(Cost $16,488,971)  16,488,971 
TOTAL INVESTMENT IN SECURITIES - 104.5%   
(Cost $359,370,254)  375,922,695 
NET OTHER ASSETS (LIABILITIES) - (4.5)%  (16,135,505) 
NET ASSETS - 100%  $359,787,190 

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) June 2019 $159,420 $(510) $(510) 
CME E-mini S&P MidCap 400 Index Contracts (United States) June 2019 197,340 (492) (492) 
TOTAL FUTURES CONTRACTS     $(1,002) 

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

Legend

 (a) Non-income producing

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

 (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 $422,355 or 0.1% of net assets.

 (d) Level 3 security

 (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 $26,511 
Fidelity Securities Lending Cash Central Fund 29,552 
Total $56,063 

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 April 30, 2019, 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:     
Communication Services $13,846,684 $13,846,684 $-- $-- 
Consumer Discretionary 48,159,124 48,159,124 -- -- 
Consumer Staples 11,113,292 11,113,292 -- -- 
Energy 11,576,483 11,576,483 -- -- 
Financials 57,598,058 57,598,058 -- -- 
Health Care 41,129,196 41,129,196 -- 
Industrials 57,703,707 57,703,707 -- -- 
Information Technology 56,821,141 56,821,141 -- -- 
Materials 18,641,665 18,641,665 -- -- 
Real Estate 33,717,964 33,717,964 -- -- 
Utilities 9,126,410 9,126,410 -- -- 
Money Market Funds 16,488,971 16,488,971 -- -- 
Total Investments in Securities: $375,922,695 $375,922,695 $-- $-- 
Derivative Instruments:     
Liabilities     
Futures Contracts $(1,002) $(1,002) $-- $-- 
Total Liabilities $(1,002) $(1,002) $-- $-- 
Total Derivative Instruments: $(1,002) $(1,002) $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2019. 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 $(1,002) 
Total Equity Risk (1,002) 
Total Value of Derivatives $0 $(1,002) 

 (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 distributable earnings.

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


Fidelity ZERO℠ Extended Market Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $12,930,136) — See accompanying schedule:
Unaffiliated issuers (cost $342,881,283) 
$359,433,724  
Fidelity Central Funds (cost $16,488,971) 16,488,971  
Total Investment in Securities (cost $359,370,254)  $375,922,695 
Segregated cash with brokers for derivative instruments  40,450 
Cash  25,625 
Foreign currency held at value (cost $202)  202 
Receivable for fund shares sold  2,581,329 
Dividends receivable  118,757 
Distributions receivable from Fidelity Central Funds  11,627 
Total assets  378,700,685 
Liabilities   
Payable for investments purchased $5,421,027  
Payable for fund shares redeemed 93,001  
Payable for daily variation margin on futures contracts 4,969  
Collateral on securities loaned 13,394,498  
Total liabilities  18,913,495 
Net Assets  $359,787,190 
Net Assets consist of:   
Paid in capital  $340,142,440 
Total distributable earnings (loss)  19,644,750 
Net Assets, for 37,082,349 shares outstanding  $359,787,190 
Net Asset Value, offering price and redemption price per share ($359,787,190 ÷ 37,082,349 shares)  $9.70 

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


Statement of Operations

  Six months ended April 30, 2019 (Unaudited) 
Investment Income   
Dividends  $1,583,947 
Interest  315 
Income from Fidelity Central Funds  56,063 
Total income  1,640,325 
Expenses   
Independent trustees' fees and expenses $381  
Total expenses before reductions 381  
Expense reductions (88)  
Total expenses after reductions  293 
Net investment income (loss)  1,640,032 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 1,788,657  
Fidelity Central Funds (242)  
Foreign currency transactions 15  
Futures contracts 181,592  
Total net realized gain (loss)  1,970,022 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 20,843,828  
Futures contracts (4,302)  
Total change in net unrealized appreciation (depreciation)  20,839,526 
Net gain (loss)  22,809,548 
Net increase (decrease) in net assets resulting from operations  $24,449,580 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2019 (Unaudited) For the period
September 13, 2018 (commencement of operations) to October 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $1,640,032 $66,354 
Net realized gain (loss) 1,970,022 (11,660) 
Change in net unrealized appreciation (depreciation) 20,839,526 (4,288,086) 
Net increase (decrease) in net assets resulting from operations 24,449,580 (4,233,392) 
Distributions to shareholders (570,035) – 
Share transactions   
Proceeds from sales of shares 291,474,879 75,495,917 
Reinvestment of distributions 551,118 – 
Cost of shares redeemed (24,707,702) (2,673,175) 
Net increase (decrease) in net assets resulting from share transactions 267,318,295 72,822,742 
Total increase (decrease) in net assets 291,197,840 68,589,350 
Net Assets   
Beginning of period 68,589,350 – 
End of period $359,787,190 $68,589,350 
Other Information   
Shares   
Sold 32,143,363 7,909,281 
Issued in reinvestment of distributions 65,230 – 
Redeemed (2,759,626) (275,899) 
Net increase (decrease) 29,448,967 7,633,382 

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


Financial Highlights

Fidelity ZERO Extended Market Index Fund

 Six months ended (Unaudited) April 30, Years endedOctober 31, 
 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $8.99 $10.00 
Income from Investment Operations   
Net investment income (loss)B .07 .02 
Net realized and unrealized gain (loss) .68 (1.03) 
Total from investment operations .75 (1.01) 
Distributions from net investment income (.04) – 
Total distributions (.04) – 
Net asset value, end of period $9.70 $8.99 
Total ReturnC,D 8.42% (10.10)% 
Ratios to Average Net AssetsE,F   
Expenses before reductionsG - %H - %H 
Expenses net of fee waivers, if anyG - %H - %H 
Expenses net of all reductionsG - %H - %H 
Net investment income (loss) 1.62%H 1.31%H 
Supplemental Data   
Net assets, end of period (000 omitted) $359,787 $68,589 
Portfolio turnover rateI 37%H 0%J,K 

 A For the period September 13, 2018 (commencement of operations) to October 31, 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. 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 Amount represents less than .005%.

 H Annualized

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

 J Amount represents less than 1%.

 K Amount not annualized.

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


Fidelity ZERO℠ International Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2019

 % of fund's net assets 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.3 
Tencent Holdings Ltd. (Cayman Islands, Interactive Media & Services) 1.2 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet & Direct Marketing Retail) 1.1 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 1.0 
Novartis AG (Switzerland, Pharmaceuticals) 0.9 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 0.8 
HSBC Holdings PLC (United Kingdom) (United Kingdom, Banks) 0.8 
Toyota Motor Corp. (Japan, Automobiles) 0.7 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 0.7 
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) 0.7 
 9.2 

Top Market Sectors as of April 30, 2019

 % of fund's net assets 
Financials 22.8 
Industrials 11.9 
Consumer Discretionary 11.2 
Consumer Staples 10.0 
Information Technology 8.4 
Health Care 7.6 
Materials 7.0 
Energy 6.9 
Communication Services 6.2 
Real Estate 2.9 

Geographic Diversification (% of fund's net assets)

As of April 30, 2019 
   Japan 17.6% 
   United Kingdom 10.8% 
   Canada 6.8% 
   France 6.1% 
   Germany 5.5% 
   Switzerland 5.5% 
   Cayman Islands 4.5% 
   Australia 4.4% 
   Korea (South) 3.5% 
   Other* 35.3% 


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

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Asset Allocation as of April 30, 2019

 % of fund's net assets 
Stocks and Equity Futures 100.0 

Fidelity ZERO℠ International Index Fund

Schedule of Investments April 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.5%   
 Shares Value 
Australia - 4.4%   
AGL Energy Ltd. 28,219 $442,221 
ALS Ltd. 21,538 120,555 
Alumina Ltd. 108,597 171,484 
Amcor Ltd. 49,475 559,085 
AMP Ltd. 127,493 204,019 
Ansell Ltd. 5,471 104,133 
APA Group unit 50,902 345,198 
Aristocrat Leisure Ltd. 27,612 507,649 
ASX Ltd. 8,626 453,027 
Atlas Arteria Ltd. unit 31,307 154,489 
Aurizon Holdings Ltd. 90,452 303,517 
Australia & New Zealand Banking Group Ltd. 127,355 2,441,986 
Bank of Queensland Ltd. 15,537 101,533 
Beach Energy Ltd. 81,521 122,407 
Bendigo & Adelaide Bank Ltd. 20,401 148,131 
BHP Billiton Ltd. 129,769 3,433,992 
BlueScope Steel Ltd. 24,983 236,878 
Boral Ltd. 54,684 186,965 
Brambles Ltd. 69,292 588,611 
Caltex Australia Ltd. 11,846 227,226 
Carsales.com Ltd. 9,151 86,830 
Challenger Ltd. 26,495 153,530 
Charter Hall Group unit 23,175 160,268 
Cimic Group Ltd. 3,858 137,589 
Coca-Cola Amatil Ltd. 20,996 130,250 
Cochlear Ltd. 2,604 343,880 
Coles Group Ltd. (a) 48,581 431,857 
Commonwealth Bank of Australia 77,229 4,057,061 
Computershare Ltd. 20,598 258,902 
Crown Ltd. 17,078 160,000 
CSL Ltd. 20,064 2,808,597 
DEXUS Property Group unit 44,746 394,296 
Downer EDI Ltd. 23,800 129,860 
Evolution Mining Ltd. 64,301 144,599 
Fortescue Metals Group Ltd. 73,349 369,708 
Goodman Group unit 69,511 644,863 
Healthscope Ltd. 50,923 87,951 
Iluka Resources Ltd. 20,017 121,919 
Incitec Pivot Ltd. 78,597 186,721 
Insurance Australia Group Ltd. 100,177 556,484 
Lendlease Group unit 26,091 244,625 
Link Administration Holdings Ltd. 24,489 131,203 
Macquarie Group Ltd. 13,880 1,318,000 
Magellan Financial Group Ltd. 6,119 192,429 
Medibank Private Ltd. 125,862 253,758 
Mirvac Group unit 165,969 331,110 
National Australia Bank Ltd. 119,557 2,134,695 
Newcrest Mining Ltd. 32,789 578,096 
Northern Star Resources Ltd. 27,027 156,041 
Orica Ltd. 15,019 196,930 
Origin Energy Ltd. 78,933 410,095 
Orora Ltd. 53,657 114,611 
OZ Minerals Ltd. 12,440 87,345 
Qantas Airways Ltd. 39,560 156,451 
QBE Insurance Group Ltd. 59,740 544,530 
Qube Holdings Ltd. 69,026 137,707 
Ramsay Health Care Ltd. 5,279 243,084 
realestate.com.au Ltd. 2,317 130,506 
Reliance Worldwide Corp. Ltd. 26,976 92,802 
Rio Tinto Ltd. 16,472 1,107,430 
Santos Ltd. 79,611 403,516 
Scentre Group unit 229,632 618,378 
SEEK Ltd. 16,087 206,511 
Sonic Healthcare Ltd. 20,839 376,810 
South32 Ltd. 222,191 523,156 
Spark Infrastructure Group unit 72,730 115,872 
Stockland Corp. Ltd. unit 108,013 287,062 
Suncorp Group Ltd. 56,545 528,961 
Sydney Airport unit 49,582 266,341 
Tabcorp Holdings Ltd. 93,687 316,354 
Telstra Corp. Ltd. 177,234 422,301 
The GPT Group unit 81,436 328,950 
The Star Entertainment Group Ltd. 37,401 119,701 
Transpacific Industries Group Ltd. 90,650 143,783 
Transurban Group unit 114,010 1,080,191 
Treasury Wine Estates Ltd. 32,408 392,952 
Vicinity Centres unit 134,672 241,140 
Washington H. Soul Pattinson & Co. Ltd. 4,215 68,312 
Wesfarmers Ltd. 49,971 1,268,526 
Westpac Banking Corp. 150,888 2,931,210 
Whitehaven Coal Ltd. 33,697 99,770 
Woodside Petroleum Ltd. 41,547 1,036,522 
Woolworths Group Ltd. 57,919 1,300,435 
WorleyParsons Ltd. 13,961 140,935 
TOTAL AUSTRALIA  43,997,408 
Austria - 0.2%   
ams AG 2,994 126,318 
Andritz AG  2,959 141,050 
BAWAG Group AG (b) 1,828 88,736 
BUWOG AG rights (a)(c) 1,060 
CA Immobilien Anlagen AG 3,632 127,302 
Erste Group Bank AG 13,136 525,980 
IMMOFINANZ Immobilien Anlagen AG 4,377 112,176 
Lenzing AG 573 64,332 
Oesterreichische Post AG 1,513 58,885 
OMV AG 6,410 343,297 
Raiffeisen International Bank-Holding AG 6,140 163,695 
S&T AG 2,020 54,466 
Verbund AG 3,031 150,329 
Voestalpine AG 4,474 143,666 
Wienerberger AG 4,574 104,964 
TOTAL AUSTRIA  2,205,196 
Bailiwick of Jersey - 0.5%   
Experian PLC 40,592 1,181,589 
Ferguson PLC 10,032 711,646 
Glencore Xstrata PLC 534,155 2,119,292 
Polymetal International PLC 9,269 97,492 
WPP PLC 55,759 695,750 
TOTAL BAILIWICK OF JERSEY  4,805,769 
Belgium - 0.8%   
Ackermans & Van Haaren SA 1,117 179,655 
Ageas 8,560 451,242 
Anheuser-Busch InBev SA NV 43,977 3,909,870 
Cofinimmo SA 810 103,569 
Colruyt NV 2,457 177,086 
Galapagos Genomics NV (a) 2,097 240,867 
Groupe Bruxelles Lambert SA 3,383 323,356 
KBC Groep NV 15,219 1,126,937 
Proximus 6,905 193,229 
Sofina SA 699 143,785 
Solvay SA Class A 3,260 391,785 
Telenet Group Holding NV 2,419 128,386 
UCB SA 5,804 460,371 
Umicore SA 9,143 353,790 
Warehouses de Pauw 868 130,261 
Warehouses de Pauw rights (a)(d) 868 4,673 
TOTAL BELGIUM  8,318,862 
Bermuda - 0.5%   
Alibaba Health Information Technology Ltd. (a) 170,000 203,268 
Alibaba Pictures Group Ltd. (a) 490,000 109,933 
Beijing Enterprises Water Group Ltd. 220,000 136,575 
Brilliance China Automotive Holdings Ltd. 118,000 129,811 
Cheung Kong Infrastructure Holdings Ltd. 34,500 280,141 
China Gas Holdings Ltd. 102,000 328,307 
China Resource Gas Group Ltd. 36,000 166,582 
Credicorp Ltd. (United States) 2,971 703,830 
GasLog Ltd. 871 13,614 
Golar LNG Ltd. 3,620 70,735 
Haier Electronics Group Co. Ltd. 50,000 143,088 
Hiscox Ltd. 12,283 268,125 
Hongkong Land Holdings Ltd. 51,545 359,269 
Jardine Matheson Holdings Ltd. 14,019 922,450 
Jardine Strategic Holdings Ltd. 7,743 292,840 
Kunlun Energy Co. Ltd. 136,000 143,545 
NWS Holdings Ltd. 75,000 155,836 
Shenzhen International Holdings Ltd. 41,500 89,509 
Ship Finance International Ltd. (NY Shares) (e) 4,424 56,450 
TOTAL BERMUDA  4,573,908 
Brazil - 1.1%   
Ambev SA 194,700 917,117 
Atacadao Distribuicao Comercio e Industria Ltda 13,600 73,530 
B2W Companhia Global do Varejo (a) 5,400 52,677 
Banco Bradesco SA 43,500 343,909 
Banco do Brasil SA 52,800 668,971 
BB Seguridade Participacoes SA 31,100 224,143 
BM&F BOVESPA SA 89,900 789,843 
BR Malls Participacoes SA 34,900 109,477 
Brasil Foods SA (a) 33,600 266,068 
CCR SA 51,100 152,345 
Centrais Eletricas Brasileiras SA (Electrobras) (a) 14,200 118,421 
Cielo SA 52,000 101,849 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 13,800 165,413 
Companhia Siderurgica Nacional SA (CSN) 28,300 104,940 
Compania de Saneamento do Parana unit 3,800 75,979 
Cosan SA Industria e Comercio 6,400 76,501 
CVC Brasil Operadora e Agencia de Viagens SA 6,700 97,037 
Drogasil SA 10,500 185,144 
Embraer SA 28,500 142,751 
ENGIE Brasil Energia SA 11,050 125,377 
Equatorial Energia SA 7,000 146,566 
Estacio Participacoes SA 13,800 95,658 
Hypermarcas SA 16,000 114,580 
IRB Brasil Resseguros SA 4,000 95,789 
JBS SA 45,400 228,905 
Klabin SA unit 37,000 156,640 
Kroton Educacional SA 70,900 176,296 
Localiza Rent A Car SA 20,400 188,335 
Lojas Renner SA 33,000 394,542 
M. Dias Branco SA 5,300 56,216 
Magazine Luiza SA 3,300 160,965 
Multiplan Empreendimentos Imobiliarios SA 11,800 72,104 
Natura Cosmeticos SA 8,500 113,244 
Notre Dame Intermedica Participacoes SA 9,600 85,984 
Oi SA (a) 183,900 79,261 
Petrobras Distribuidora SA 13,800 83,410 
Petroleo Brasileiro SA - Petrobras (ON) 129,400 988,708 
Rumo SA (a) 45,500 210,030 
Sul America SA unit 11,200 89,118 
Suzano Papel e Celulose SA 27,000 280,460 
Terna Participacoes SA unit 12,100 81,004 
TIM Participacoes SA 32,300 96,296 
Ultrapar Participacoes SA 35,000 187,447 
Vale SA 137,500 1,756,841 
Weg SA 33,800 160,160 
TOTAL BRAZIL  10,890,051 
British Virgin Islands - 0.0%   
Mail.Ru Group Ltd. GDR (Reg. S) (a) 4,541 104,897 
Canada - 6.7%   
Agnico Eagle Mines Ltd. (Canada) 10,180 421,577 
Air Canada (a) 11,928 286,336 
Algonquin Power & Utilities Corp. 21,839 249,249 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 19,496 1,149,503 
AltaGas Ltd. 11,808 156,976 
ARC Resources Ltd. 16,704 106,107 
ATCO Ltd. Class I (non-vtg.) 3,256 111,677 
B2Gold Corp. (a) 43,293 117,628 
Bank of Montreal 28,366 2,240,569 
Bank of Nova Scotia 54,247 2,987,492 
Barrick Gold Corp. (Canada) 77,719 987,948 
Bausch Health Cos., Inc. (Canada) (a) 14,486 334,550 
BCE, Inc. 13,448 601,682 
BlackBerry Ltd. (a) 22,548 206,848 
Bombardier, Inc. Class B (sub. vtg.) (a) 91,978 157,221 
Brookfield Asset Management, Inc. Class A 38,709 1,866,249 
CAE, Inc. 11,575 269,222 
Cameco Corp. 17,968 198,229 
Canada Goose Holdings, Inc. (a) 2,559 136,625 
Canadian Apartment Properties (REIT) unit 4,149 148,437 
Canadian Imperial Bank of Commerce 19,910 1,676,530 
Canadian National Railway Co. 32,120 2,983,513 
Canadian Natural Resources Ltd. 53,495 1,606,008 
Canadian Pacific Railway Ltd. 6,323 1,416,716 
Canadian Tire Ltd. Class A (non-vtg.) 2,789 306,984 
Canadian Utilities Ltd. Class A (non-vtg.) 5,521 152,191 
CCL Industries, Inc. Class B 6,800 290,080 
Cenovus Energy, Inc. (Canada) 43,916 435,325 
CGI Group, Inc. Class A (sub. vtg.) (a) 11,108 799,541 
CI Financial Corp. 11,648 167,543 
Constellation Software, Inc. 879 775,576 
Descartes Systems Group, Inc. (Canada) (a) 3,134 125,154 
Dollarama, Inc. 12,920 388,073 
Element Financial Corp. 19,086 118,388 
Emera, Inc. 11,142 418,418 
Empire Co. Ltd. Class A (non-vtg.) 7,055 156,930 
Enbridge, Inc. 89,237 3,296,514 
Encana Corp. (Toronto) 53,419 370,029 
Fairfax Financial Holdings Ltd. (sub. vtg.) 1,268 604,688 
Finning International, Inc. 7,827 140,509 
First Capital Realty, Inc. 9,854 157,037 
First Quantum Minerals Ltd. 29,501 311,592 
FirstService Corp. 1,614 140,449 
Fortis, Inc. 19,933 736,793 
Franco-Nevada Corp. 8,079 578,863 
George Weston Ltd. 3,421 255,432 
Gildan Activewear, Inc. 9,695 357,493 
Great Canadian Gaming Corp. (a) 2,830 108,768 
Great-West Lifeco, Inc. 12,815 322,073 
H&R (REIT) unit 6,084 103,951 
Husky Energy, Inc. 14,059 152,585 
Hydro One Ltd. (b) 13,450 217,658 
iA Financial Corp, Inc. 4,977 198,159 
Imperial Oil Ltd. 10,471 304,196 
Intact Financial Corp. 6,502 531,973 
Inter Pipeline Ltd. 18,429 300,157 
Keyera Corp. 9,510 219,773 
Kinross Gold Corp. (a) 55,313 175,885 
Kirkland Lake Gold Ltd. 7,957 257,235 
Loblaw Companies Ltd. 8,024 393,084 
Lundin Mining Corp. 27,778 149,081 
Magna International, Inc. Class A (sub. vtg.) 13,885 772,863 
Manulife Financial Corp. 88,176 1,623,723 
Methanex Corp. 3,502 191,973 
Metro, Inc. Class A (sub. vtg.) 11,250 407,274 
National Bank of Canada 15,380 732,665 
Nutrien Ltd. 27,194 1,474,894 
Onex Corp. (sub. vtg.) 3,692 214,156 
Open Text Corp. 12,354 474,906 
Parkland Fuel Corp. 6,021 185,569 
Pembina Pipeline Corp. 22,047 788,274 
Power Corp. of Canada (sub. vtg.) 17,885 410,379 
Power Financial Corp. 10,596 252,542 
PrairieSky Royalty Ltd. 9,363 134,955 
Quebecor, Inc. Class B (sub. vtg.) 8,997 224,371 
Restaurant Brands International, Inc. 11,345 740,469 
RioCan (REIT) 6,344 121,984 
Ritchie Bros. Auctioneers, Inc. 4,500 156,595 
Rogers Communications, Inc. Class B (non-vtg.) 15,804 795,685 
Royal Bank of Canada 63,431 5,055,257 
Saputo, Inc. 9,994 341,737 
Shaw Communications, Inc. Class B 21,070 426,684 
Shopify, Inc. Class A (a) 4,206 1,022,695 
SNC-Lavalin Group, Inc. 7,933 197,777 
Stantec, Inc. 5,209 130,449 
Sun Life Financial, Inc. 27,245 1,131,938 
Suncor Energy, Inc. 71,759 2,366,435 
Teck Resources Ltd. Class B (sub. vtg.) 21,668 512,385 
TELUS Corp. 8,925 328,633 
The Stars Group, Inc. (a) 9,669 182,453 
The Toronto-Dominion Bank 80,971 4,618,798 
Thomson Reuters Corp. 7,861 485,790 
Toromont Industries Ltd. 4,000 208,017 
Tourmaline Oil Corp. 11,037 165,015 
TransCanada Corp. 40,512 1,933,520 
TransForce, Inc. 3,418 112,258 
Vermilion Energy, Inc. 6,926 176,859 
Waste Connection, Inc. (Canada) 11,866 1,101,305 
West Fraser Timber Co. Ltd. 2,704 139,206 
Wheaton Precious Metals Corp. 19,212 415,588 
WSP Global, Inc. 2,946 159,076 
Yamana Gold, Inc. 42,221 92,655 
TOTAL CANADA  65,942,879 
Cayman Islands - 4.5%   
58.com, Inc. ADR (a) 4,053 290,965 
AAC Technology Holdings, Inc. 31,500 204,629 
Agile Property Holdings Ltd. 64,000 96,757 
Airtac International Group 5,000 66,662 
Alibaba Group Holding Ltd. sponsored ADR (a) 57,066 10,589,738 
Anta Sports Products Ltd. 41,000 289,019 
ASM Pacific Technology Ltd. 10,700 123,916 
Autohome, Inc. ADR Class A (a) 2,381 274,982 
Baidu.com, Inc. sponsored ADR (a) 12,343 2,051,777 
BeiGene Ltd. ADR (a)(e) 1,797 223,241 
Chailease Holding Co. Ltd. 52,000 221,280 
Cheung Kong Property Holdings Ltd. 118,000 947,634 
China Biologic Products Holdings, Inc. (a) 1,133 113,595 
China Conch Venture Holdings Ltd. 79,500 268,554 
China Mengniu Dairy Co. Ltd. 117,000 432,516 
China Resources Cement Holdings Ltd. 82,000 82,054 
China Resources Land Ltd. 116,000 504,971 
CIFI Holdings Group Co. Ltd. 164,000 108,918 
CK Hutchison Holdings Ltd. 123,000 1,291,964 
Country Garden Holdings Co. Ltd. 308,000 496,268 
Ctrip.com International Ltd. ADR (a) 16,969 747,484 
ENN Energy Holdings Ltd. 35,000 330,601 
Evergrande Real Estate Group Ltd. 129,000 413,567 
Geely Automobile Holdings Ltd. 239,000 479,535 
Hengan International Group Co. Ltd. 33,000 290,887 
Huazhu Group Ltd. ADR 4,817 204,241 
iQIYI, Inc. ADR (a) 5,040 111,434 
JD.com, Inc. sponsored ADR (a) 36,395 1,101,677 
Kingboard Chemical Holdings Ltd. 30,500 99,337 
Kingsoft Corp. Ltd. 38,000 97,122 
Li Ning Co. Ltd. (a) 65,500 119,064 
Longfor Properties Co. Ltd. 64,500 237,616 
Melco Crown Entertainment Ltd. sponsored ADR 10,516 263,952 
Minth Group Ltd. 26,000 82,029 
Momo, Inc. ADR 6,050 212,174 
NetEase, Inc. ADR 3,265 928,990 
New Oriental Education & Technology Group, Inc. sponsored ADR (a) 5,044 481,500 
PagSeguro Digital Ltd. (a)(e) 6,703 174,680 
Parade Technologies Ltd. 3,000 50,773 
Ping An Healthcare and Technology Co. Ltd. (a)(b) 21,800 106,710 
Sands China Ltd. 103,200 566,990 
Semiconductor Manufacturing International Corp. (a) 140,000 149,899 
Shenzhou International Group Holdings Ltd. 31,800 426,848 
Shimao Property Holdings Ltd. 49,000 149,284 
Silergy Corp. 3,000 49,123 
Silicon Motion Technology Corp. sponsored ADR 1,818 69,520 
SINA Corp. (a) 2,597 163,455 
Sino Biopharmaceutical Ltd. 293,000 281,616 
Sunac China Holdings Ltd. 99,000 510,472 
Sunny Optical Technology Group Co. Ltd. 28,800 351,152 
TAL Education Group ADR (a) 15,303 588,706 
Tencent Holdings Ltd. 242,900 11,971,973 
Tingyi (Cayman Islands) Holding Corp. 82,000 134,841 
Vipshop Holdings Ltd. ADR (a) 18,668 160,731 
Want Want China Holdings Ltd. 275,000 218,043 
Weibo Corp. sponsored ADR (a) 2,777 190,225 
WH Group Ltd. (b) 402,500 477,163 
Wharf Real Estate Investment Co. Ltd. 50,000 383,056 
Wuxi Biologics (Cayman), Inc. (a)(b) 19,500 196,124 
Wynn Macau Ltd. 63,200 181,267 
Xiaomi Corp. Class B (b) 579,600 888,078 
Xinyi Glass Holdings Ltd. 110,000 125,637 
YY, Inc. ADR (a) 2,187 185,042 
Zall Smart Commerce Ltd. 173,000 67,482 
Zhen Ding Technology Holding Ltd. 27,000 96,547 
ZTO Express (Cayman), Inc. sponsored ADR 16,927 337,355 
TOTAL CAYMAN ISLANDS  44,133,442 
Chile - 0.2%   
Aguas Andinas SA 80,810 46,530 
Banco de Chile (a) 1,200,189 176,086 
Banco de Credito e Inversiones (a) 2,173 144,683 
Banco Santander Chile 2,854,955 200,644 
Cencosud SA 58,839 111,632 
Colbun SA (a) 270,888 60,553 
Compania Cervecerias Unidas SA 6,104 84,355 
Compania de Petroleos de Chile SA (COPEC) 14,226 178,534 
CorpBanca SA 8,841,732 78,979 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 7,946 83,212 
Empresas CMPC SA 45,457 153,009 
Enel Chile SA 1,051,683 105,976 
Enersis SA 1,210,043 212,334 
LATAM Airlines Group SA 11,096 110,043 
Parque Arauco SA 42,537 117,443 
S.A.C.I. Falabella 30,997 228,823 
Sociedad Matriz Banco de Chile Class B 182,589 89,504 
TOTAL CHILE  2,182,340 
China - 2.3%   
Agricultural Bank of China Ltd. (H Shares) 1,239,000 571,739 
Air China Ltd. (H Shares) 100,000 119,187 
Anhui Conch Cement Co. Ltd. (H Shares) 52,500 320,228 
Bank Communications Co. Ltd. (H Shares) 961,000 809,735 
Bank of China Ltd. (H Shares) 3,336,000 1,590,434 
BYD Co. Ltd. (H Shares) 25,000 170,176 
CGN Power Co. Ltd. (H Shares) (b) 447,000 117,949 
China Cinda Asset Management Co. Ltd. (H Shares) 363,000 96,710 
China CITIC Bank Corp. Ltd. (H Shares) 538,000 344,960 
China Communications Construction Co. Ltd. (H Shares) 196,000 188,635 
China Communications Services Corp. Ltd. (H Shares) 88,000 70,895 
China Construction Bank Corp. (H Shares) 4,751,000 4,188,319 
China Huarong Asset Management Co. Ltd. (b) 420,000 89,945 
China International Capital Corp. Ltd. (H Shares) (b) 40,400 86,724 
China Life Insurance Co. Ltd. (H Shares) 334,000 949,098 
China Longyuan Power Grid Corp. Ltd. (H Shares) 145,000 99,811 
China Merchants Bank Co. Ltd. (H Shares) 168,000 831,433 
China Minsheng Banking Corp. Ltd. (H Shares) 326,500 245,141 
China National Building Materials Co. Ltd. (H Shares) 184,000 170,987 
China Oilfield Services Ltd. (H Shares) 68,000 72,813 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 112,600 461,464 
China Petroleum & Chemical Corp. (H Shares) 1,126,000 865,567 
China Railway Construction Corp. Ltd. (H Shares) 79,000 93,252 
China Railway Group Ltd. (H Shares) 203,000 159,920 
China Shenhua Energy Co. Ltd. (H Shares) 146,000 322,716 
China Telecom Corp. Ltd. (H Shares) 594,000 307,419 
China Tower Corp. Ltd. (H Shares) (b) 1,892,000 511,299 
China Vanke Co. Ltd. (H Shares) 58,800 227,486 
CITIC Securities Co. Ltd. (H Shares) 104,000 224,842 
CRRC Corp. Ltd. (H Shares) 187,000 163,287 
Dongfeng Motor Group Co. Ltd. (H Shares) 122,000 118,348 
GF Securities Co. Ltd. (H Shares) 51,600 69,723 
Great Wall Motor Co. Ltd. (H Shares) 137,500 111,650 
Guangzhou Automobile Group Co. Ltd. (H Shares) 128,000 137,548 
Guangzhou R&F Properties Co. Ltd. (H Shares) 38,800 77,058 
Haitong Securities Co. Ltd.:   
rights (a)(c) 5,371 1,534 
(H Shares) 150,400 193,637 
Huaneng Power International, Inc. (H Shares) 174,000 111,345 
Huatai Securities Co. Ltd. (H Shares) (b) 66,800 125,684 
Industrial & Commercial Bank of China Ltd. (H Shares) 3,433,000 2,577,551 
New China Life Insurance Co. Ltd. (H Shares) 34,500 191,085 
People's Insurance Co. of China Group (H Shares) 281,000 114,982 
PetroChina Co. Ltd. (H Shares) 914,000 579,379 
PICC Property & Casualty Co. Ltd. (H Shares) 298,000 334,665 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 224,500 2,717,497 
Postal Savings Bank of China Co. Ltd. (H Shares) (b) 353,000 214,640 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 92,000 90,302 
Shanghai Pharmaceuticals Holding Co. Ltd. (H Shares) 35,100 73,468 
Sinopharm Group Co. Ltd. (H Shares) 54,400 213,584 
TravelSky Technology Ltd. (H Shares) 38,000 97,606 
Weichai Power Co. Ltd. (H Shares) 87,000 142,176 
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) 22,100 112,123 
Zijin Mng Group Co. Ltd. (H Shares) 296,000 115,460 
TOTAL CHINA  22,993,216 
Colombia - 0.0%   
Bancolombia SA 10,504 128,000 
Grupo de Inversiones Suramerica SA 9,277 103,293 
Interconexion Electrica SA ESP 16,374 80,117 
Inversiones Argos SA 12,972 73,822 
TOTAL COLOMBIA  385,232 
Czech Republic - 0.0%   
Ceske Energeticke Zavody A/S 5,806 135,021 
Komercni Banka A/S 3,062 116,023 
MONETA Money Bank A/S (b) 17,004 54,461 
TOTAL CZECH REPUBLIC  305,505 
Denmark - 1.1%   
A.P. Moller - Maersk A/S:   
Series A 132 160,828 
Series B 284 366,103 
Ambu A/S Series B 7,680 220,317 
Carlsberg A/S Series B 4,522 584,111 
Christian Hansen Holding A/S 4,182 426,600 
Coloplast A/S Series B 5,058 545,747 
Danske Bank A/S 29,824 528,931 
DONG Energy A/S (b) 7,542 577,408 
DSV de Sammensluttede Vognmaend A/S 8,360 772,411 
Genmab A/S (a) 2,641 438,428 
GN Store Nord A/S 6,111 312,789 
H Lundbeck A/S 3,025 127,248 
ISS Holdings A/S 7,130 221,731 
Novo Nordisk A/S Series B 78,187 3,830,737 
Novozymes A/S Series B 9,404 438,250 
Pandora A/S 5,010 210,146 
Royal Unibrew A/S 2,199 157,583 
SimCorp A/S 1,723 168,901 
The Drilling Co. of 1972 A/S (a) 772 59,266 
Tryg A/S 5,800 177,234 
Vestas Wind Systems A/S 9,139 826,537 
William Demant Holding A/S (a) 5,185 163,582 
TOTAL DENMARK  11,314,888 
Egypt - 0.0%   
Commercial International Bank SAE (a) 58,734 262,883 
Elsewedy Electric Co. 25,074 22,767 
Global Telecom Holding (a) 127,675 33,536 
TOTAL EGYPT  319,186 
Finland - 0.8%   
Elisa Corp. (A Shares) 6,962 295,399 
Fortum Corp. 18,644 393,965 
Huhtamaki Oyj 4,198 160,135 
Kesko Oyj 3,065 159,166 
Kone Oyj (B Shares) 17,812 976,122 
Metso Corp. 5,238 195,107 
Neste Oyj 17,121 565,334 
Nokia Corp. 248,497 1,305,755 
Nokian Tyres PLC 5,606 187,499 
Nordea Bank ABP (Stockholm Stock Exchange) 140,642 1,106,480 
Orion Oyj (B Shares) 4,428 147,156 
Sampo Oyj (A Shares) 21,503 984,582 
Stora Enso Oyj (R Shares) 25,743 319,484 
UPM-Kymmene Corp. 23,237 654,432 
Wartsila Corp. 20,662 329,541 
TOTAL FINLAND  7,780,157 
France - 6.1%   
Accor SA 8,445 355,765 
Aeroports de Paris 1,469 299,210 
Air Liquide SA 18,787 2,499,269 
Alstom SA 7,125 313,263 
Arkema SA 3,220 330,313 
Atos Origin SA 4,008 412,585 
AXA SA 85,546 2,281,216 
BNP Paribas SA 50,469 2,686,620 
Bouygues SA 9,484 356,774 
Bureau Veritas SA 11,844 299,958 
Capgemini SA 7,075 857,808 
Carrefour SA 24,015 467,865 
Compagnie de St. Gobain 24,194 991,953 
Covivio 2,567 277,838 
Credit Agricole SA 54,195 743,402 
Danone SA 28,091 2,271,930 
Dassault Systemes SA 5,940 939,718 
Edenred SA 10,264 483,623 
EDF SA 20,499 295,213 
Eiffage SA 3,174 331,432 
ENGIE 80,334 1,189,805 
Essilor International SA 11,638 1,417,957 
Gecina SA 2,414 360,374 
Groupe Eurotunnel SA 20,579 331,218 
Hermes International SCA 1,564 1,100,223 
Kering SA 3,281 1,939,344 
Klepierre SA 9,136 324,521 
L'Oreal SA 10,757 2,957,144 
Legrand SA 11,778 865,533 
LVMH Moet Hennessy - Louis Vuitton SA 11,828 4,643,877 
Michelin CGDE Series B 7,944 1,027,243 
Orange SA 93,989 1,468,912 
Pernod Ricard SA 9,104 1,586,286 
Peugeot Citroen SA 25,061 656,613 
Publicis Groupe SA 9,398 558,582 
Renault SA 9,155 624,515 
Rubis 3,832 209,741 
Safran SA 14,780 2,154,349 
Sanofi SA 50,871 4,438,459 
Schneider Electric SA 23,584 1,996,054 
SCOR SE 6,974 284,409 
Societe Generale Series A 33,605 1,065,665 
Sodexo SA 3,750 430,064 
SR Teleperformance SA 2,485 477,443 
Thales SA 4,557 544,080 
Total SA 110,653 6,151,283 
Ubisoft Entertainment SA (a) 2,968 283,557 
Valeo SA 10,338 375,333 
Veolia Environnement SA 25,169 594,514 
VINCI SA 22,443 2,266,659 
Vivendi SA 33,792 980,841 
TOTAL FRANCE  60,800,353 
Germany - 5.2%   
adidas AG 7,689 1,975,754 
Allianz SE 18,528 4,478,480 
BASF AG 40,523 3,308,337 
Bayer AG 41,327 2,750,549 
Bayerische Motoren Werke AG (BMW) 14,371 1,223,395 
Beiersdorf AG 4,174 456,171 
Brenntag AG 7,165 386,223 
Commerzbank AG 45,580 409,594 
Continental AG 4,802 793,670 
Covestro AG (b) 7,361 402,485 
Daimler AG (Germany) 43,931 2,874,587 
Delivery Hero AG (a)(b) 5,051 232,783 
Deutsche Bank AG 84,946 702,085 
Deutsche Borse AG 8,409 1,123,630 
Deutsche Lufthansa AG 10,890 262,850 
Deutsche Post AG 42,786 1,487,260 
Deutsche Telekom AG 141,975 2,378,777 
Deutsche Wohnen AG (Bearer) 15,870 713,238 
E.ON AG 97,523 1,048,540 
Evonik Industries AG 6,999 208,498 
Fresenius Medical Care AG & Co. KGaA 9,474 798,501 
Fresenius SE & Co. KGaA 18,153 1,029,829 
GEA Group AG 7,403 206,916 
Hannover Reuck SE 2,545 383,641 
HeidelbergCement Finance AG 6,302 508,919 
Henkel AG & Co. KGaA 3,544 337,672 
Hugo Boss AG 2,600 181,269 
Infineon Technologies AG 49,898 1,182,861 
innogy SE (b) 5,351 248,410 
K&S AG 8,398 170,299 
KION Group AG 2,951 202,033 
Lanxess AG 4,147 239,541 
LEG Immobilien AG 2,645 307,788 
Merck KGaA 5,709 607,537 
MTU Aero Engines Holdings AG 2,229 524,260 
Muenchener Rueckversicherungs AG 6,578 1,645,268 
OSRAM Licht AG 4,288 146,639 
ProSiebenSat.1 Media AG 10,636 168,140 
Puma AG 367 227,012 
Rheinmetall AG 2,019 231,659 
RWE AG 24,459 624,654 
SAP SE 47,437 6,115,021 
Scout24 AG (b) 4,515 232,439 
Siemens AG 37,373 4,481,105 
Symrise AG 5,234 503,098 
TAG Immobilien AG 7,386 166,014 
Thyssenkrupp AG 18,678 262,599 
TUI AG (GB) 20,170 224,564 
Uniper SE 8,290 251,141 
United Internet AG 5,549 222,375 
Vonovia SE 22,879 1,141,149 
Wirecard AG 5,077 761,336 
TOTAL GERMANY  51,550,595 
Greece - 0.1%   
Alpha Bank AE (a) 62,312 96,587 
EFG Eurobank Ergasias SA (a) 62,731 52,418 
Greek Organization of Football Prognostics SA 9,414 101,364 
Grivalia Properties REIC 3,116 39,632 
Hellenic Telecommunications Organization SA 11,850 164,542 
Jumbo SA 3,755 68,228 
Motor Oil (HELLAS) Corinth Refineries SA 2,217 56,545 
Mytilineos Holdings SA 5,882 63,762 
National Bank of Greece SA (a) 24,966 54,716 
TOTAL GREECE  697,794 
Hong Kong - 2.6%   
AIA Group Ltd. 533,000 5,457,619 
Bank of East Asia Ltd. 66,398 209,483 
Beijing Enterprises Holdings Ltd. 19,000 101,118 
BOC Hong Kong (Holdings) Ltd. 159,500 713,651 
China Everbright International Ltd. 174,185 170,526 
China Jinmao Holdings Group Ltd. 188,000 121,742 
China Merchants Holdings International Co. Ltd. 50,000 100,959 
China Mobile Ltd. 243,500 2,323,331 
China Overseas Land and Investment Ltd. 166,000 621,061 
China Resources Beer Holdings Co. Ltd. 62,000 283,334 
China Resources Pharmaceutical Group Ltd. (b) 89,000 126,611 
China Resources Power Holdings Co. Ltd. 68,000 95,176 
China Taiping Insurance Group Ltd. 64,800 196,594 
China Unicom Ltd. 268,000 318,216 
CITIC Pacific Ltd. 268,000 390,139 
CLP Holdings Ltd. 81,500 924,106 
CNOOC Ltd. 710,000 1,289,597 
CSPC Pharmaceutical Group Ltd. 204,000 393,188 
Evergrande Health Industry Group Ltd. (a) 90,000 125,280 
Far East Horizon Ltd. 104,000 115,470 
Fosun International Ltd. 97,000 150,357 
Galaxy Entertainment Group Ltd. 112,000 837,344 
Guangdong Investment Ltd. 132,000 247,349 
Hang Lung Properties Ltd. 82,000 192,749 
Hang Seng Bank Ltd. 32,000 840,302 
Henderson Land Development Co. Ltd. 65,000 400,201 
Hong Kong & China Gas Co. Ltd. 402,000 959,678 
Hong Kong Exchanges and Clearing Ltd. 53,290 1,847,705 
Hysan Development Co. Ltd. 26,000 145,498 
Lenovo Group Ltd. 272,000 252,070 
Link (REIT) 93,500 1,090,563 
MTR Corp. Ltd. 70,059 417,060 
New World Development Co. Ltd. 258,000 426,887 
Power Assets Holdings Ltd. 55,000 383,502 
Sino Land Ltd. 144,576 254,328 
Sun Art Retail Group Ltd. 108,000 94,305 
Sun Hung Kai Properties Ltd. 67,500 1,165,039 
Swire Pacific Ltd. (A Shares) 21,000 265,819 
Swire Properties Ltd. 47,600 193,257 
Techtronic Industries Co. Ltd. 63,500 458,960 
Vitasoy International Holdings Ltd. 40,000 201,407 
Wharf Holdings Ltd. 57,000 163,847 
Wheelock and Co. Ltd. 32,000 227,820 
TOTAL HONG KONG  25,293,248 
Hungary - 0.1%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) 21,229 243,738 
OTP Bank PLC 9,557 423,557 
Richter Gedeon PLC 6,215 122,981 
TOTAL HUNGARY  790,276 
India - 2.1%   
Adani Ports & Special Economic Zone Ltd. (a) 34,272 193,290 
Asian Paints Ltd. 12,167 255,605 
Aurobindo Pharma Ltd. 14,334 168,568 
Axis Bank Ltd. (a) 79,241 872,485 
Bajaj Finance Ltd. 7,419 329,790 
Bajaj Finserv Ltd. 1,588 171,471 
Bharat Petroleum Corp. Ltd. 34,074 185,837 
Bharti Airtel Ltd. 64,608 297,126 
Bharti Airtel Ltd. rights 5/17/19 (a) 16,020 23,071 
Dr. Reddy's Laboratories Ltd. 4,256 178,896 
Eicher Motors Ltd. 593 173,423 
Grasim Industries Ltd. (a) 14,058 181,904 
HDFC Bank Ltd. 88,638 2,940,626 
Hindustan Unilever Ltd. 31,333 790,759 
Housing Development Finance Corp. Ltd. 75,748 2,169,814 
ICICI Bank Ltd. 141,646 824,484 
Indian Oil Corp. Ltd. 91,410 207,437 
IndusInd Bank Ltd. 12,259 282,770 
Infosys Ltd. 167,402 1,800,668 
ITC Ltd. 128,240 554,871 
JSW Steel Ltd. 41,356 183,097 
Kotak Mahindra Bank Ltd. 36,312 722,908 
Larsen & Toubro Ltd. 14,476 280,294 
Mahindra & Mahindra Ltd. 26,510 245,623 
Maruti Suzuki India Ltd. 5,172 495,048 
Reliance Industries Ltd. 136,854 2,736,805 
State Bank of India (a) 75,375 335,441 
Sun Pharmaceutical Industries Ltd. 49,528 325,448 
Tata Consultancy Services Ltd. 39,586 1,284,739 
Tech Mahindra Ltd. (a) 19,756 237,167 
Titan Co. Ltd. 13,770 229,058 
UPL Ltd. (a) 15,934 221,724 
Vedanta Ltd. 72,156 172,861 
Wipro Ltd. 64,374 276,269 
Yes Bank Ltd. 77,078 185,925 
TOTAL INDIA  20,535,302 
Indonesia - 0.5%   
PT ACE Hardware Indonesia Tbk 312,400 36,173 
PT Adaro Energy Tbk 684,000 62,640 
PT Astra International Tbk 878,700 470,182 
PT Bank Central Asia Tbk 508,300 1,025,518 
PT Bank Danamon Indonesia Tbk Series A 58,800 36,518 
PT Bank Jabar Banten Tbk 232,900 33,178 
PT Bank Mandiri (Persero) Tbk 809,800 441,182 
PT Bank Negara Indonesia (Persero) Tbk 309,900 208,775 
PT Bank Rakyat Indonesia Tbk 2,275,800 697,912 
PT Bank Tabungan Negara Tbk 260,800 46,303 
PT Bumi Serpong Damai Tbk (a) 355,800 35,830 
PT Charoen Pokphand Indonesia Tbk 320,500 118,641 
PT Gudang Garam Tbk 17,900 106,112 
PT Indah Kiat Pulp & Paper Tbk 92,900 48,243 
PT Indocement Tunggal Prakarsa Tbk 67,900 104,828 
PT Indofood CBP Sukses Makmur Tbk 136,200 92,951 
PT Indofood Sukses Makmur Tbk 246,200 120,076 
PT Japfa Comfeed Indonesia Tbk 177,600 19,443 
PT Kalbe Farma Tbk 1,058,600 114,775 
PT Matahari Department Store Tbk 77,000 21,992 
PT Pabrik Kertas Tjiwi Kimia Tbk 47,500 33,583 
PT Perusahaan Gas Negara Tbk Series B 352,400 57,373 
PT Semen Gresik (Persero) Tbk 122,300 115,863 
PT Surya Citra Media Tbk 89,600 11,695 
PT Tambang Batubara Bukit Asam Tbk 124,200 34,515 
PT Telekomunikasi Indonesia Tbk Series B 2,083,400 554,783 
PT United Tractors Tbk 58,900 112,323 
TOTAL INDONESIA  4,761,407 
Ireland - 0.5%   
AIB Group PLC 28,214 130,946 
Bank Ireland Group PLC 37,470 239,130 
CRH PLC 34,190 1,150,176 
DCC PLC (United Kingdom) 4,399 392,822 
Glanbia PLC 7,687 141,310 
Grafton Group PLC unit 10,191 117,210 
Greencore Group PLC 31,792 95,351 
ICON PLC (a) 2,706 369,585 
James Hardie Industries PLC CDI 20,209 274,669 
Kerry Group PLC Class A 6,566 734,970 
Kingspan Group PLC (Ireland) 6,767 355,813 
Paddy Power Betfair PLC (Ireland) 3,222 269,878 
Ryanair Holdings PLC sponsored ADR (a) 5,119 397,439 
Smurfit Kappa Group PLC 9,497 278,332 
United Drug PLC (United Kingdom) 12,292 105,309 
TOTAL IRELAND  5,052,940 
Isle of Man - 0.1%   
Gaming VC Holdings SA 25,390 216,133 
Genting Singapore Ltd. 251,900 182,429 
NEPI Rockcastle PLC 20,935 174,490 
TOTAL ISLE OF MAN  573,052 
Israel - 0.4%   
Airport City Ltd. (a) 3,126 51,869 
Alony Hetz Properties & Investments Ltd. 4,170 50,764 
Azrieli Group 1,740 99,043 
Bank Hapoalim BM (Reg.) 43,496 319,757 
Bank Leumi le-Israel BM 62,120 424,901 
Bezeq The Israel Telecommunication Corp. Ltd. 102,101 69,809 
Check Point Software Technologies Ltd. (a) 5,643 681,449 
CyberArk Software Ltd. (a) 1,710 220,470 
Elbit Systems Ltd. (Israel) 1,091 151,857 
First International Bank of Israel 1,337 33,574 
Israel Chemicals Ltd. 32,300 171,018 
Israel Corp. Ltd. (Class A) 177 42,617 
Israel Discount Bank Ltd. (Class A) 52,755 205,568 
Mellanox Technologies Ltd. (a) 1,929 232,059 
Mizrahi Tefahot Bank Ltd. 6,032 130,416 
NICE Systems Ltd. (a) 2,696 371,960 
Paz Oil Co. Ltd. 500 72,805 
Plus500 Ltd. 3,584 24,676 
Shufersal Ltd. 8,053 53,493 
Strauss Group Ltd. 1,379 35,158 
Taro Pharmaceutical Industries Ltd. 710 76,261 
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) 39,589 602,545 
Tower Semiconductor Ltd. (a) 4,424 80,550 
Wix.com Ltd. (a) 1,888 253,294 
TOTAL ISRAEL  4,455,913 
Italy - 1.3%   
A2A SpA 66,795 111,627 
Assicurazioni Generali SpA 52,744 1,023,428 
Atlantia SpA 20,291 553,484 
Banco BPM SpA (a) 66,672 158,532 
Brembo SpA 7,269 95,389 
Cerved Information Solutions SpA 6,820 66,549 
Davide Campari-Milano SpA 25,838 260,384 
DiaSorin S.p.A. 1,154 112,736 
Enel SpA 337,749 2,138,682 
Eni SpA 110,734 1,887,034 
FinecoBank SpA 16,894 222,358 
Hera SpA 32,594 116,033 
Infrastrutture Wireless Italiane SpA (b) 11,452 94,793 
Interpump Group SpA 3,670 137,813 
Intesa Sanpaolo SpA 695,765 1,822,916 
Italgas SpA 21,323 132,972 
Leonardo SpA 17,439 201,366 
Mediobanca SpA 28,776 305,000 
Moncler SpA 7,817 320,629 
Pirelli & C. SpA (b) 17,156 125,228 
Poste Italiane SpA (b) 19,521 208,219 
Prada SpA 18,300 51,671 
Prysmian SpA 12,018 231,711 
Recordati SpA 4,496 181,487 
Saipem SpA (a) 25,219 127,766 
Snam Rete Gas SpA 94,885 482,841 
Telecom Italia SpA (a) 377,242 211,171 
Terna SpA 61,167 366,213 
UniCredit SpA 93,747 1,296,458 
Unione di Banche Italiane SCpA 48,479 151,160 
Unipol Gruppo SpA 14,914 75,876 
Unipolsai SpA 31,747 86,953 
TOTAL ITALY  13,358,479 
Japan - 17.6%   
ABC-MART, Inc. 1,200 74,546 
ACOM Co. Ltd. 14,200 49,715 
Activia Properties, Inc. 31 129,404 
Adeka Corp. 5,400 80,713 
Advance Residence Investment Corp. (d) 61 170,030 
Advantest Corp. 8,000 225,504 
Aeon (REIT) Investment Corp. (d) 66 79,749 
AEON Co. Ltd. 37,400 689,782 
AEON Financial Service Co. Ltd. (d) 5,800 119,702 
AEON MALL Co. Ltd. 5,000 76,485 
Agc, Inc. (d) 10,500 356,771 
Aica Kogyo Co. Ltd. (d) 3,300 113,757 
Ain Holdings, Inc. 1,300 103,164 
Air Water, Inc. 6,600 100,249 
Aisin Seiki Co. Ltd. (d) 8,200 316,899 
Ajinomoto Co., Inc. (d) 24,300 391,021 
Alfresa Holdings Corp. 9,000 250,056 
All Nippon Airways Ltd. 4,900 171,024 
Alps Electric Co. Ltd. (d) 10,400 219,119 
Amada Holdings Co. Ltd. 15,500 171,983 
Anritsu Corp. 6,100 105,468 
Aozora Bank Ltd. 4,700 114,299 
Asahi Group Holdings (d) 19,700 854,000 
ASAHI INTECC Co. Ltd. 5,500 276,987 
Asahi Kasei Corp. 60,300 618,725 
Asics Corp. 8,200 100,480 
Astellas Pharma, Inc. (d) 89,500 1,212,177 
Azbil Corp. 5,600 134,074 
Bandai Namco Holdings, Inc. 9,700 461,511 
Bank of Kyoto Ltd. 3,200 137,888 
Benesse Holdings, Inc. 3,000 82,544 
Bic Camera, Inc. (d) 8,600 92,026 
Bridgestone Corp. (d) 26,500 1,048,153 
Brother Industries Ltd. 11,500 225,365 
Calbee, Inc. 4,600 126,361 
Canon, Inc. (d) 47,000 1,304,160 
Capcom Co. Ltd. 3,300 74,209 
Casio Computer Co. Ltd. 10,300 129,542 
Central Japan Railway Co. (d) 9,000 1,930,562 
Chiba Bank Ltd. 36,300 189,329 
Chubu Electric Power Co., Inc. 30,800 446,814 
Chugai Pharmaceutical Co. Ltd. 9,500 600,386 
Chugoku Electric Power Co., Inc. 12,500 148,907 
Citizen Watch Co. Ltd. 15,000 84,025 
Coca-Cola West Co. Ltd. 7,000 171,992 
Comforia Residential REIT, Inc. 27 71,333 
COMSYS Holdings Corp. 5,500 144,024 
Concordia Financial Group Ltd. 56,200 217,949 
Cosmos Pharmaceutical Corp. 400 63,701 
Credit Saison Co. Ltd. 7,200 91,523 
CyberAgent, Inc. 4,100 163,050 
Dai Nippon Printing Co. Ltd. (d) 13,700 323,822 
Dai-ichi Mutual Life Insurance Co. 51,600 738,830 
Daicel Chemical Industries Ltd. 14,600 162,783 
Daido Steel Co. Ltd. 1,500 60,730 
Daifuku Co. Ltd. (d) 5,700 346,928 
Daiichi Sankyo Kabushiki Kaisha (d) 27,000 1,328,489 
Daiichikosho Co. Ltd. 1,900 92,787 
Daikin Industries Ltd. (d) 12,900 1,642,421 
Dainippon Sumitomo Pharma Co. Ltd. 7,500 164,954 
Daio Paper Corp. 4,700 54,175 
Daito Trust Construction Co. Ltd. 3,300 440,365 
Daiwa House Industry Co. Ltd. (d) 29,700 829,451 
Daiwa House REIT Investment Corp. 81 185,785 
Daiwa Office Investment Corp. 14 94,385 
Daiwa Securities Group, Inc. (d) 73,700 343,061 
DeNA Co. Ltd. 4,500 70,088 
Denki Kagaku Kogyo KK 4,200 125,930 
DENSO Corp. (d) 22,700 988,941 
Dentsu, Inc. 10,600 431,536 
Dic Corp. 3,900 113,959 
Disco Corp. 1,200 205,539 
Dmg Mori Co. Ltd. 6,100 87,069 
Dowa Holdings Co. Ltd. 2,600 84,375 
East Japan Railway Co. (d) 16,700 1,568,881 
Ebara Corp. 4,400 134,494 
Eisai Co. Ltd. (d) 13,200 764,781 
Electric Power Development Co. Ltd. (d) 8,200 189,919 
Ezaki Glico Co. Ltd. 2,400 126,253 
FamilyMart Co. Ltd. 13,400 357,029 
Fancl Corp. 3,300 97,760 
Fanuc Corp. (d) 8,600 1,615,730 
Fast Retailing Co. Ltd. (d) 2,800 1,615,225 
Frontier Real Estate Investment Corp. 23 95,597 
Fuji Electric Co. Ltd. 6,900 243,121 
Fuji Oil Holdings, Inc. 2,100 67,207 
Fuji Seal International, Inc. (d) 2,400 83,594 
Fujifilm Holdings Corp. (d) 18,900 879,551 
Fujitsu Ltd. 8,900 649,953 
Fukuoka Financial Group, Inc. 7,200 166,499 
Fukuyama Transporting Co. Ltd. 1,900 72,831 
Furukawa Electric Co. Ltd. 3,500 91,997 
GLP J-REIT 167 179,601 
GMO Payment Gateway, Inc. (d) 1,600 125,966 
GOLDWIN, Inc. 800 127,259 
GS Yuasa Corp. 2,700 53,978 
Gunma Bank Ltd. 16,100 63,449 
Hakuhodo DY Holdings, Inc. 13,500 226,990 
Hamamatsu Photonics K.K. 6,400 258,827 
Hankyu Hanshin Holdings, Inc. 10,900 406,077 
Haseko Corp. 12,900 155,293 
Hikari Tsushin, Inc. 1,000 184,389 
Hino Motors Ltd. (d) 13,200 124,185 
Hirose Electric Co. Ltd. (d) 1,400 161,623 
Hiroshima Bank Ltd. 11,800 63,346 
Hisamitsu Pharmaceutical Co., Inc. 4,000 169,128 
Hitachi Chemical Co. Ltd. 3,800 100,633 
Hitachi Construction Machinery Co. Ltd. 5,000 132,412 
Hitachi High-Technologies Corp. 3,000 133,309 
Hitachi Ltd. (d) 42,600 1,410,758 
Hitachi Metals Ltd. 8,300 95,447 
Hokuriku Electric Power Co., Inc. (a) 7,900 58,579 
Honda Motor Co. Ltd. (d) 79,400 2,215,494 
Horiba Ltd. 2,000 120,293 
Hoshizaki Corp.  2,200 142,197 
House Foods Group, Inc. 3,200 128,408 
Hoya Corp. (d) 16,900 1,185,632 
Hulic (REIT), Inc. 40 65,533 
Hulic Co. Ltd. 22,400 192,641 
Ibiden Co. Ltd. 5,800 103,561 
Idemitsu Kosan Co. Ltd. 10,057 325,468 
IHI Corp. 6,500 153,871 
Iida Group Holdings Co. Ltd. (d) 8,700 146,751 
Industrial & Infrastructure Fund Investment Corp. 50 56,825 
INPEX Corp. 46,400 450,275 
Invincible Investment Corp. 262 132,417 
Isetan Mitsukoshi Holdings Ltd. (d) 18,400 174,923 
Isuzu Motors Ltd. (d) 28,000 401,041 
IT Holdings Corp. (d) 3,800 172,611 
ITO EN Ltd. 2,900 143,965 
Itochu Corp. (d) 64,400 1,156,246 
ITOCHU Techno-Solutions Corp. 4,300 105,034 
Iyo Bank Ltd. 12,100 66,911 
Izumi Co. Ltd. (d) 2,300 100,139 
J. Front Retailing Co. Ltd. 11,600 141,101 
Japan Airlines Co. Ltd. 5,800 194,158 
Japan Airport Terminal Co. Ltd. 3,200 134,584 
Japan Excellent, Inc. 45 64,392 
Japan Exchange Group, Inc. 23,400 379,794 
Japan Hotel REIT Investment Corp. 174 141,674 
Japan Logistics Fund, Inc. 42 89,772 
Japan Post Holdings Co. Ltd. (d) 64,300 717,491 
Japan Prime Realty Investment Corp. 43 171,776 
Japan Real Estate Investment Corp. (d) 62 343,409 
Japan Retail Fund Investment Corp. 119 227,542 
Japan Tobacco, Inc. (d) 48,800 1,127,652 
JFE Holdings, Inc. 24,700 422,402 
JGC Corp. (d) 12,100 172,492 
JSR Corp. 8,700 131,834 
JTEKT Corp. (d) 11,700 150,090 
JX Holdings, Inc. (d) 151,900 737,307 
K's Holdings Corp. 9,600 85,577 
Kagome Co. Ltd. 4,500 122,200 
Kajima Corp. 22,300 329,310 
Kakaku.com, Inc. 5,600 114,619 
Kaken Pharmaceutical Co. Ltd. 2,200 93,712 
Kamigumi Co. Ltd. (d) 5,800 138,082 
Kaneka Corp. (d) 3,200 122,950 
Kansai Electric Power Co., Inc. 34,400 415,505 
Kansai Paint Co. Ltd. (d) 11,900 225,939 
Kao Corp. (d) 21,600 1,659,241 
Kawasaki Heavy Industries Ltd. 8,000 185,717 
KDDI Corp. (d) 76,800 1,770,052 
Keihan Electric Railway Co., Ltd. 4,400 186,633 
Keihin Electric Express Railway Co. Ltd. 12,500 212,756 
Keio Corp. 5,300 318,776 
Keisei Electric Railway Co. (d) 8,000 279,366 
Kenedix Office Investment Corp. (d) 19 127,070 
Kewpie Corp. 5,300 122,086 
Keyence Corp. (d) 4,100 2,544,028 
Kikkoman Corp. (d) 7,900 365,941 
Kinden Corp. 6,100 97,637 
Kintetsu Group Holdings Co. Ltd. 8,200 363,275 
Kirin Holdings Co. Ltd. (d) 40,600 918,279 
Kobayashi Pharmaceutical Co. Ltd. 2,500 198,842 
Kobe Steel Ltd. 15,700 119,658 
Koito Manufacturing Co. Ltd. (d) 5,700 338,741 
Kokuyo Co. Ltd. 4,900 62,111 
Komatsu Ltd. (d) 43,100 1,113,291 
Konami Holdings Corp. 4,200 190,781 
Konica Minolta, Inc. 22,100 221,010 
Kose Corp. (d) 1,500 280,758 
Kubota Corp. (d) 51,900 784,126 
Kuraray Co. Ltd. 15,900 212,247 
Kurita Water Industries Ltd. 4,000 103,631 
Kyocera Corp. (d) 15,700 1,013,358 
Kyowa Exeo Corp. 4,500 122,402 
Kyowa Hakko Kirin Co., Ltd. 12,200 236,126 
Kyudenko Corp. 2,600 73,756 
Kyushu Electric Power Co., Inc. 20,600 199,167 
Kyushu Financial Group, Inc. 17,800 71,427 
Kyushu Railway Co. (d) 7,200 233,978 
Lawson, Inc. 2,000 93,182 
LINE Corp. (a) 2,400 80,411 
Lion Corp. (d) 13,400 275,230 
LIXIL Group Corp. 12,600 163,672 
M3, Inc. (d) 18,500 327,003 
Mabuchi Motor Co. Ltd. 3,000 110,687 
Maeda Corp. 5,700 56,389 
Makita Corp. 12,000 436,285 
Marubeni Corp. 75,800 541,035 
Maruha Nichiro Corp. 2,100 66,358 
Marui Group Co. Ltd. 9,600 194,508 
Maruichi Steel Tube Ltd. 3,900 107,482 
Matsumotokiyoshi Holdings Co. Ltd. 3,900 127,964 
Mazda Motor Corp. (d) 27,300 322,395 
McDonald's Holdings Co. (Japan) Ltd. 2,700 124,826 
Mebuki Financial Group, Inc. (d) 53,300 135,409 
Medipal Holdings Corp. 9,800 219,498 
Meiji Holdings Co. Ltd. 6,200 487,006 
Minebea Mitsumi, Inc. (d) 19,200 339,548 
Misumi Group, Inc. (d) 12,800 330,701 
Mitsubishi Chemical Holdings Corp. 65,100 461,155 
Mitsubishi Corp. (d) 70,100 1,923,117 
Mitsubishi Electric Corp. (d) 95,000 1,349,163 
Mitsubishi Estate Co. Ltd. (d) 61,800 1,040,495 
Mitsubishi Gas Chemical Co., Inc. 8,800 131,137 
Mitsubishi Heavy Industries Ltd. 14,400 597,355 
Mitsubishi Logistics Corp. (d) 4,100 109,240 
Mitsubishi Materials Corp. (d) 6,100 157,928 
Mitsubishi Motors Corp. of Japan 30,900 172,815 
Mitsubishi Tanabe Pharma Corp. (d) 13,500 169,424 
Mitsubishi UFJ Financial Group, Inc. (d) 573,900 2,847,420 
Mitsubishi UFJ Lease & Finance Co. Ltd. 24,400 123,539 
Mitsui & Co. Ltd. (d) 76,400 1,230,411 
Mitsui Chemicals, Inc. 9,100 222,037 
Mitsui Fudosan Co. Ltd. (d) 44,000 1,013,941 
Mitsui OSK Lines Ltd. 4,800 121,514 
Miura Co. Ltd. 5,000 126,711 
Mizuho Financial Group, Inc. (d) 1,101,300 1,719,931 
MonotaRO Co. Ltd. 5,700 131,096 
Mori Hills REIT Investment Corp. 57 75,884 
Morinaga & Co. Ltd. 2,400 99,645 
MS&AD Insurance Group Holdings, Inc. (d) 21,700 669,730 
Murata Manufacturing Co. Ltd. (d) 28,300 1,421,047 
Nabtesco Corp. (d) 5,800 176,507 
Nagase & Co. Ltd. 4,600 69,829 
Nagoya Railroad Co. Ltd. 8,800 237,784 
Nankai Electric Railway Co. Ltd. 4,700 127,842 
NEC Corp. 11,300 379,896 
Net One Systems Co. Ltd. 3,300 84,963 
New Hampshire Foods Ltd. (d) 4,800 192,612 
Nexon Co. Ltd. (a)(d) 20,400 292,279 
NGK Insulators Ltd. 11,400 168,245 
NGK Spark Plug Co. Ltd. 7,200 139,417 
NHK Spring Co. Ltd. 10,100 90,668 
Nichirei Corp. 5,700 131,096 
Nidec Corp. (d) 12,100 1,714,606 
Nifco, Inc. 3,300 92,724 
Nihon Kohden Corp. 3,700 107,451 
Nihon M&A Center, Inc. (d) 6,400 180,978 
Nihon Unisys Ltd. 3,500 89,326 
Nikkon Holdings Co. Ltd. 2,300 54,034 
Nikon Corp. (d) 18,400 256,026 
Nintendo Co. Ltd. (d) 5,300 1,825,404 
Nippon Accommodations Fund, Inc. 23 117,483 
Nippon Building Fund, Inc. 62 399,066 
Nippon Electric Glass Co. Ltd. 3,800 104,044 
Nippon Express Co. Ltd. 3,800 208,088 
Nippon Gas Co. Ltd. 1,300 34,100 
Nippon Kayaku Co. Ltd. 6,200 72,578 
Nippon Paint Holdings Co. Ltd. (d) 9,000 340,545 
Nippon Paper Industries Co. Ltd. 3,800 75,185 
Nippon Prologis REIT, Inc. 99 212,406 
Nippon REIT Investment Corp. 17 63,409 
Nippon Shinyaku Co. Ltd. 2,900 199,416 
Nippon Shokubai Co. Ltd. 1,500 103,685 
Nippon Steel & Sumitomo Metal Corp. (d) 40,200 714,719 
Nippon Suisan Kaisha Co. Ltd. 13,400 93,467 
Nippon Telegraph & Telephone Corp. (d) 28,200 1,173,358 
Nippon Yusen KK (d) 8,200 139,568 
Nipro Corp. 4,700 58,099 
Nishi-Nippon Railroad Co. Ltd. 2,900 68,025 
Nissan Chemical Corp. (d) 7,000 309,798 
Nissan Motor Co. Ltd. (d) 104,200 836,522 
Nisshin Seifun Group, Inc. 10,800 250,525 
Nissin Food Holdings Co. Ltd. 3,600 236,887 
Nitori Holdings Co. Ltd. 3,900 463,890 
Nitto Denko Corp. 6,900 371,031 
NKSJ Holdings, Inc. 16,000 597,657 
NOF Corp. 3,800 134,916 
NOK Corp. 4,900 78,342 
Nomura Holdings, Inc. 146,600 555,060 
Nomura Real Estate Holdings, Inc. (d) 5,900 124,732 
Nomura Real Estate Master Fund, Inc. 180 263,549 
Nomura Research Institute Ltd. 5,800 282,724 
NSK Ltd. 20,600 212,667 
NTN Corp. 22,300 73,069 
NTT Data Corp. (d) 28,400 329,904 
NTT DOCOMO, Inc. (d) 53,000 1,150,926 
Obayashi Corp. (d) 33,200 324,564 
OBIC Co. Ltd. (d) 3,000 346,335 
Odakyu Electric Railway Co. Ltd. 14,800 347,297 
Oji Holdings Corp. (d) 47,300 282,794 
Olympus Corp. (d) 57,700 644,363 
OMRON Corp. 9,300 496,746 
Ono Pharmaceutical Co. Ltd. (d) 25,800 481,629 
Oracle Corp. Japan 1,600 109,305 
Oriental Land Co. Ltd. (d) 10,000 1,101,486 
ORIX Corp. (d) 58,400 823,875 
ORIX JREIT, Inc. 117 205,337 
Osaka Gas Co. Ltd. (d) 19,500 359,733 
OSG Corp. 3,700 74,037 
Otsuka Corp. 4,800 188,303 
Otsuka Holdings Co. Ltd. 24,600 876,497 
Pan Pacific International Hold 6,000 386,193 
Panasonic Corp. 100,900 929,107 
Park24 Co. Ltd. 4,400 92,151 
Penta-Ocean Construction Co. Ltd. 9,600 43,866 
PeptiDream, Inc. (a)(d) 4,400 236,599 
Persol Holdings Co., Ltd. (d) 9,000 168,374 
Pigeon Corp. 5,400 228,565 
Pilot Corp. 1,800 74,330 
Pola Orbis Holdings, Inc. 3,900 122,537 
Premier Investment Corp. 48 59,421 
Rakuten, Inc. 35,700 395,794 
Recruit Holdings Co. Ltd. (d) 69,500 2,076,983 
Relo Group, Inc. 5,200 141,443 
Renesas Electronics Corp. (a) 32,000 170,349 
Rengo Co. Ltd. 10,600 92,968 
Resona Holdings, Inc. (d) 99,500 419,544 
Ricoh Co. Ltd. (d) 33,200 334,697 
Rinnai Corp. 1,700 114,152 
ROHM Co. Ltd. (d) 4,300 314,601 
Rohto Pharmaceutical Co. Ltd. 5,700 159,392 
Ryohin Keikaku Co. Ltd. 1,100 208,753 
SanBio Co. Ltd. (a) 1,000 40,307 
Sankyo Co. Ltd. (Gunma) 1,900 74,792 
Sankyu, Inc. 2,600 124,171 
Santen Pharmaceutical Co. Ltd. 19,900 302,622 
Sanwa Holdings Corp. 11,900 142,507 
Sapporo Breweries Ltd. 3,300 67,306 
Sawai Pharmaceutical Co. Ltd. 2,000 107,007 
SBI Holdings, Inc. Japan 10,500 223,677 
Screen Holdings Co. Ltd. 2,100 100,669 
SCSK Corp. 2,200 104,080 
Secom Co. Ltd. 9,300 779,599 
Sega Sammy Holdings, Inc. (d) 9,000 113,434 
Seibu Holdings, Inc. 11,700 189,792 
Seiko Epson Corp. 13,800 220,389 
Seino Holdings Co. Ltd. 7,700 104,307 
Sekisui Chemical Co. Ltd. (d) 20,500 327,757 
Sekisui House (REIT), Inc. 137 98,758 
Sekisui House Ltd. 28,500 458,477 
Seven & i Holdings Co. Ltd. (d) 35,500 1,228,559 
Seven Bank Ltd. 32,100 87,025 
SG Holdings Co. Ltd. (d) 11,000 293,774 
Sharp Corp. 8,700 96,532 
Shikoku Electric Power Co., Inc. 9,100 91,658 
Shimadzu Corp. (d) 12,300 328,383 
Shimamura Co. Ltd. 1,000 74,420 
SHIMANO, Inc. 3,700 541,075 
SHIMIZU Corp. (d) 33,400 284,542 
Shin-Etsu Chemical Co. Ltd. (d) 17,900 1,695,569 
Shinsei Bank Ltd. (d) 9,700 134,274 
Shionogi & Co. Ltd. 13,100 761,575 
Ship Healthcare Holdings, Inc. 1,700 69,667 
Shiseido Co. Ltd. (d) 17,700 1,385,238 
Shizuoka Bank Ltd. 23,300 177,791 
SHO-BOND Holdings Co. Ltd. 1,000 68,585 
Showa Denko K.K. (d) 6,600 223,071 
Skylark Co. Ltd. (d) 9,600 157,968 
SMC Corp. (d) 3,000 1,240,451 
SoftBank Corp. (d) 38,300 4,061,002 
Sohgo Security Services Co., Ltd. 3,600 160,133 
Sojitz Corp. (d) 57,700 198,385 
Sony Corp. (d) 56,000 2,820,614 
Sony Financial Holdings, Inc. 6,700 136,352 
Sotetsu Holdings, Inc. 3,900 107,657 
Square Enix Holdings Co. Ltd. 3,900 134,090 
Stanley Electric Co. Ltd. 7,000 189,147 
Subaru Corp. (d) 28,300 691,145 
Sumco Corp. 10,000 131,065 
Sumitomo Chemical Co. Ltd. (d) 77,100 382,057 
Sumitomo Corp. 54,100 771,955 
Sumitomo Electric Industries Ltd. (d) 35,200 465,931 
Sumitomo Forestry Co. Ltd. 8,900 122,001 
Sumitomo Heavy Industries Ltd. 5,200 183,222 
Sumitomo Metal Mining Co. Ltd. (d) 12,300 384,144 
Sumitomo Mitsui Financial Group, Inc. (d) 61,300 2,228,024 
Sumitomo Mitsui Trust Holdings, Inc. 16,900 589,661 
Sumitomo Osaka Cement Co. Ltd. 1,400 56,807 
Sumitomo Realty & Development Co. Ltd. 20,500 755,074 
Sumitomo Rubber Industries Ltd. 6,200 76,084 
Sundrug Co. Ltd. 3,100 82,819 
Suntory Beverage & Food Ltd. 5,500 241,932 
Suzuken Co. Ltd. 3,700 212,577 
Suzuki Motor Corp. (d) 19,600 891,189 
Sysmex Corp. 6,800 387,752 
T&D Holdings, Inc. (d) 28,800 309,342 
Taiheiyo Cement Corp. 5,300 169,855 
Taisei Corp. 9,800 428,879 
Taisho Pharmaceutical Holdings Co. Ltd. 2,500 230,711 
Taiyo Nippon Sanso Corp. 8,700 144,408 
Taiyo Yuden Co. Ltd. (d) 5,900 142,316 
Takara Holdings, Inc. 8,900 103,385 
Takashimaya Co. Ltd. (d) 9,000 100,911 
Takeda Pharmaceutical Co. Ltd. (d) 66,984 2,471,825 
TDK Corp. 5,600 487,131 
TechnoPro Holdings, Inc. 1,400 83,576 
Teijin Ltd. 8,500 145,514 
Terumo Corp. (d) 29,900 898,382 
The Chugoku Bank Ltd. 7,900 76,096 
The Hachijuni Bank Ltd. 25,800 103,297 
THK Co. Ltd. (d) 6,000 156,524 
Tobu Railway Co. Ltd. 9,500 267,786 
Toda Corp. 9,400 57,803 
Toho Co. Ltd. 6,300 263,266 
Toho Gas Co. Ltd. 4,600 189,129 
Tohoku Electric Power Co., Inc. (d) 23,200 264,917 
Tokai Carbon Co. Ltd. (e) 9,400 107,928 
Tokio Marine Holdings, Inc. (d) 31,700 1,594,177 
Tokuyama Corp. 2,900 71,592 
Tokyo Century Corp. 2,400 110,310 
Tokyo Electric Power Co., Inc. (a) 34,800 196,188 
Tokyo Electron Ltd. (d) 7,300 1,156,322 
Tokyo Gas Co. Ltd. 17,100 433,967 
Tokyo Tatemono Co. Ltd. (d) 10,500 117,918 
Tokyu Corp. 24,600 400,154 
Tokyu Fudosan Holdings Corp. 24,200 135,995 
Toppan Printing Co. Ltd. 13,200 213,414 
Toray Industries, Inc. 70,400 481,753 
Toshiba Corp. (d) 25,900 860,272 
Tosoh Corp. 14,400 230,746 
Toto Ltd. (d) 7,200 303,137 
Toyo Seikan Group Holdings Ltd. 6,500 129,481 
Toyo Suisan Kaisha Ltd. 4,200 159,675 
Toyo Tire Corp. 5,300 61,804 
Toyoda Gosei Co. Ltd. 2,500 51,843 
Toyota Industries Corp. 8,700 492,033 
Toyota Motor Corp. (d) 117,100 7,249,714 
Toyota Tsusho Corp. (d) 10,700 353,481 
Trend Micro, Inc. (d) 5,500 274,519 
TS tech Co. Ltd. 2,500 74,622 
Tsumura & Co. 3,900 119,561 
Tsuruha Holdings, Inc. 1,600 136,020 
Ube Industries Ltd. 4,100 87,230 
Unicharm Corp. 17,400 569,977 
United Urban Investment Corp. 138 220,265 
USS Co. Ltd. 9,300 177,493 
Wacoal Holdings Corp. 2,800 69,023 
Welcia Holdings Co. Ltd. 2,200 86,404 
West Japan Railway Co. (d) 8,400 623,015 
Yahoo! Japan Corp. (d) 51,600 137,112 
Yakult Honsha Co. Ltd. (d) 7,200 487,993 
Yamada Denki Co. Ltd. 35,100 166,055 
Yamaguchi Financial Group, Inc. 8,400 61,834 
Yamaha Corp. (d) 7,600 392,298 
Yamaha Motor Co. Ltd. (d) 14,200 291,661 
Yamato Holdings Co. Ltd. 17,700 383,332 
Yamazaki Baking Co. Ltd. 6,900 102,328 
Yaskawa Electric Corp. (d) 12,000 441,133 
Yokogawa Electric Corp. (d) 10,800 224,735 
Yokohama Rubber Co. Ltd. (d) 6,400 120,250 
Zenkoku Hosho Co. Ltd. 2,000 69,842 
Zensho Holdings Co. Ltd. 3,200 71,931 
Zeon Corp. (d) 9,800 95,277 
Zozo, Inc. (d) 8,900 156,995 
TOTAL JAPAN  174,117,238 
Korea (South) - 3.4%   
AMOREPACIFIC Corp. 1,394 249,098 
AMOREPACIFIC Group, Inc. 1,130 73,003 
Ananti, Inc. (a) 1,329 16,555 
BGF Retail Co. Ltd. 303 56,877 
BS Financial Group, Inc. 11,808 71,111 
Bukwang Pharmaceutical Co. Ltd. 2,705 42,643 
Celltrion Healthcare Co. Ltd. 2,083 135,286 
Celltrion Pharm, Inc. 617 31,486 
Celltrion, Inc. (a) 4,568 831,965 
CHA Biotech Co. Ltd. (a) 1,750 28,791 
Cheil Industries, Inc. 4,268 375,830 
Cheil Worldwide, Inc. 2,501 54,682 
CJ CheilJedang Corp. 306 82,809 
CJ Corp. 601 61,700 
CJ O Shopping Co. Ltd. 417 78,420 
Com2uS Corp. 469 40,211 
Cosmax, Inc. 479 56,994 
Daelim Industrial Co. 989 82,246 
Daewoo Engineering & Construction Co. Ltd. (a) 9,498 41,125 
Daewoo Shipbuilding & Marine Engineering Co. Ltd. (a) 1,611 40,205 
Daewoong Pharmaceutical Co. Ltd. 283 49,354 
Db Insurance Co. Ltd. (a) 1,972 115,879 
DGB Financial Group Co. Ltd. 4,145 29,983 
Dong Suh Companies, Inc. 2,848 47,833 
Doosan Bobcat, Inc. 1,522 41,776 
Doosan Co. Ltd. 698 61,464 
Doosan Infracore Co. Ltd. (a) 3,974 24,820 
E-Mart Co. Ltd. 822 121,463 
Fila Korea Ltd. 2,000 141,580 
Genexine Co. Ltd. (a) 474 30,460 
Green Cross Holdings Corp. 2,138 44,725 
GS Engineering & Construction Corp. 2,859 99,720 
GS Holdings Corp. 2,038 91,044 
GS Retail Co. Ltd. 1,232 41,437 
Hana Financial Group, Inc. 13,105 414,313 
HanAll BioPharma Co. Ltd. (a) 1,726 48,414 
Hanjin Kal Corp. 1,697 53,942 
Hankook Tire Co. Ltd. 3,227 110,199 
Hanmi Pharm Co. Ltd. 356 132,887 
Hanmi Science Co. Ltd. 1,321 85,342 
Hanon Systems 5,820 62,749 
Hanssem Co. Ltd. 593 52,473 
Hanwha Aerospace Co. Ltd. (a) 884 23,467 
Hanwha Chemical Corp. 4,157 73,568 
Hanwha Corp. 3,545 90,147 
Hanwha Life Insurance Co. Ltd. 3,421 11,727 
HDC Hyundai Development Co. 1,493 59,771 
HLB, Inc. (a) 1,441 103,865 
Hotel Shilla Co. 1,468 145,033 
HUGEL, Inc. (a) 119 42,365 
Hyundai Department Store Co. Ltd. 458 39,937 
Hyundai Elevator Co. Ltd. 841 62,135 
Hyundai Engineering & Construction Co. Ltd. 3,023 136,345 
Hyundai Fire & Marine Insurance Co. Ltd. 2,105 69,171 
Hyundai Glovis Co. Ltd. 898 123,050 
Hyundai Heavy Industries Co. Ltd. (a) 2,029 217,017 
Hyundai Merchant Marine Co. Ltd. (a) 13,949 48,174 
Hyundai Mipo Dockyard Co. Ltd. (a) 872 42,101 
Hyundai Mobis 2,961 591,432 
Hyundai Motor Co. 6,433 765,432 
Hyundai Robotics Co. Ltd. 463 136,035 
Hyundai Rotem Co. Ltd. (a) 2,011 37,490 
Hyundai Steel Co. 4,179 166,225 
Industrial Bank of Korea 13,044 158,566 
ING Life Insurance Korea Ltd. (b) 1,230 37,618 
JB Financial Group Co. Ltd. 4,677 22,862 
Kakao Corp. 2,811 289,791 
Kangwon Land, Inc. 4,746 138,628 
KB Financial Group, Inc. 17,212 682,040 
KCC Corp. 282 86,004 
Kia Motors Corp. 11,673 453,779 
Kiwoom Securities Co. Ltd. 283 19,985 
Koh Young Technology, Inc. 420 34,855 
Kolmar Korea Co. Ltd. 850 54,037 
Kolon Industries, Inc. 1,000 39,690 
Komipharm International Co. Ltd. (a) 1,948 35,311 
Korea Aerospace Industries Ltd. 2,833 85,184 
Korea Electric Power Corp. 11,800 286,677 
Korea Express Co. Ltd. (a) 391 52,905 
Korea Gas Corp. (a) 1,195 47,379 
Korea Investment Holdings Co. Ltd. 1,592 93,550 
Korea Zinc Co. Ltd. 517 200,980 
Korean Air Lines Co. Ltd. 1,779 50,664 
Korean Reinsurance Co. 5,715 44,777 
KT Corp. sponsored ADR 12,400 149,172 
KT&G Corp. 5,566 487,738 
Kumho Petro Chemical Co. Ltd. (a) 651 51,341 
LG Chemical Ltd. 2,065 640,428 
LG Corp. 6,094 382,181 
LG Display Co. Ltd. 10,324 176,182 
LG Electronics, Inc. 5,043 328,399 
LG Household & Health Care Ltd. 410 500,872 
LG Innotek Co. Ltd. 641 67,459 
LG Telecom Ltd. 8,435 103,625 
Lotte Chemical Corp. 732 168,849 
Lotte Confectionery Co. Ltd. (a) 1,815 76,482 
Lotte Shopping Co. Ltd. 484 74,013 
LS Cable Ltd. 1,314 55,935 
LS Industrial Systems Ltd. 853 35,248 
Mando Corp. 1,275 36,585 
Medy-Tox, Inc. 184 88,379 
Meritz Fire & Marine Insurance Co. Ltd. 1,490 30,465 
Meritz Securities Co. Ltd. (a) 14,440 62,771 
Mirae Asset Daewoo Co. Ltd. 16,558 110,955 
NAVER Corp. 6,344 651,290 
NCSOFT Corp. 765 345,693 
Netmarble Corp. (b) 1,768 193,658 
Nong Shim Co. Ltd. 204 49,159 
Oci Co. Ltd. 985 78,782 
Orion Corp./Republic of Korea 1,041 86,660 
Ottogi Corp. 102 63,618 
Paradise Co. Ltd. 2,032 32,383 
Pearl Abyss Corp. (a) 308 46,120 
Pharmicell Co. Ltd. (a) 2,680 26,017 
POSCO 3,464 760,910 
POSCO Chemtech Co. Ltd. 955 47,011 
Posco International Corp. 1,050 16,508 
S-Oil Corp. 1,669 132,200 
S.M. Entertainment Co. Ltd. (a) 978 34,742 
S1 Corp. 774 65,164 
Samsung Biologics Co. Ltd. (a)(b) 746 217,902 
Samsung Card Co. Ltd. 1,559 49,689 
Samsung Electro-Mechanics Co. Ltd. 2,575 240,022 
Samsung Electronics Co. Ltd. 241,571 9,515,408 
Samsung Engineering Co. Ltd. (a) 6,799 99,589 
Samsung Fire & Marine Insurance Co. Ltd. 1,460 381,303 
Samsung Heavy Industries Co. Ltd. (a) 23,330 164,752 
Samsung Life Insurance Co. Ltd. 3,978 290,145 
Samsung SDI Co. Ltd. 2,414 490,469 
Samsung SDS Co. Ltd. 1,825 340,225 
Samsung Securities Co. Ltd. 3,682 112,768 
Seoul Semiconductor Co. Ltd. 913 15,020 
SFA Engineering Corp. 1,016 36,616 
Shinhan Financial Group Co. Ltd. 20,472 776,489 
Shinsegae Co. Ltd. 269 78,573 
SillaJen, Inc. (a) 2,535 142,429 
SK C&C Co. Ltd. 1,579 347,947 
SK Energy Co. Ltd. 2,737 429,122 
SK Hynix, Inc. 25,722 1,745,722 
SK Networks Co. Ltd. 7,644 38,482 
SK Telecom Co. Ltd. 1,821 387,619 
STX Pan Ocean Co. Ltd. (Korea) (a) 13,994 57,286 
ViroMed Co. Ltd. (a) 693 154,971 
Woongjin Coway Co. Ltd. 2,434 183,594 
Woori Financial Group, Inc. (a) 24,017 285,767 
Woori Investment & Securities Co. Ltd. 6,493 76,699 
Yuhan Corp. 369 77,825 
TOTAL KOREA (SOUTH)  33,246,090 
Luxembourg - 0.3%   
ArcelorMittal SA (Netherlands) 28,862 625,679 
Aroundtown SA 32,564 263,921 
B&M European Value Retail SA 35,748 183,898 
Globant SA (a) 1,213 101,880 
Millicom International Cellular SA (depository receipt) 2,871 167,931 
Orion Engineered Carbons SA 2,347 47,574 
RTL Group SA 1,548 86,985 
SES SA (France) (depositary receipt) 17,266 293,775 
Spotify Technology SA (a) 2,560 347,571 
Subsea 7 SA 12,152 154,375 
Tenaris SA 20,922 290,017 
Ternium SA sponsored ADR 2,078 51,223 
TOTAL LUXEMBOURG  2,614,829 
Malaysia - 0.5%   
AirAsia Group BHD 56,700 37,439 
AMMB Holdings Bhd 82,900 89,627 
Axiata Group Bhd 158,500 152,194 
British American Tobacco (Malaysia) Bhd 6,200 52,275 
Bumiputra-Commerce Holdings Bhd 212,374 270,700 
Dialog Group Bhd 183,900 143,224 
DiGi.com Bhd 102,800 114,374 
Gamuda Bhd 80,400 68,061 
Genting Bhd 102,600 174,702 
Genting Malaysia Bhd 140,200 107,833 
Hap Seng Consolidated Bhd 15,900 37,995 
Hartalega Holdings Bhd 66,000 80,295 
Hong Leong Bank Bhd 26,700 129,028 
Hong Leong Credit Bhd 11,000 51,136 
IHH Healthcare Bhd 121,000 162,719 
IOI Corp. Bhd 116,500 127,081 
Kuala Lumpur Kepong Bhd 18,000 107,708 
Malayan Banking Bhd 238,672 533,974 
Malaysia Airports Holdings Bhd 39,300 72,526 
Maxis Bhd 58,500 75,840 
MISC Bhd 43,600 72,763 
Nestle (Malaysia) BHD 1,900 67,140 
Petronas Chemicals Group Bhd 99,900 217,463 
Petronas Dagangan Bhd 9,700 56,729 
Petronas Gas Bhd 22,500 96,215 
PPB Group Bhd 21,800 98,916 
Press Metal Bhd 104,900 120,516 
Public Bank Bhd 109,100 593,724 
QL Resources Bhd 33,300 54,930 
RHB Capital Bhd 63,400 91,393 
Sime Darby Bhd 120,500 67,616 
Sime Darby Plantation Bhd 120,100 149,889 
Tenaga Nasional Bhd 109,900 326,417 
Top Glove Corp. Bhd 78,600 92,582 
TOTAL MALAYSIA  4,695,024 
Malta - 0.0%   
Kindred Group PLC (depositary receipt) 10,851 94,759 
Mexico - 0.6%   
Alfa SA de CV Series A 126,800 128,153 
America Movil S.A.B. de CV Series L 1,044,700 778,107 
Banco Santander Mexico SA 78,665 132,120 
CEMEX S.A.B. de CV unit (a) 663,700 307,033 
Coca-Cola FEMSA S.A.B. de CV unit 23,500 149,905 
Embotelladoras Arca S.A.B. de CV 17,300 98,200 
Fibra Uno Administracion SA de CV 142,200 211,975 
Fomento Economico Mexicano S.A.B. de CV unit 83,900 818,432 
Gruma S.A.B. de CV Series B 10,245 102,403 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 15,400 156,585 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 8,355 137,614 
Grupo Aeroportuario Norte S.A.B. de CV 15,800 97,345 
Grupo Bimbo S.A.B. de CV Series A 76,300 169,924 
Grupo Carso SA de CV Series A1 19,200 74,449 
Grupo Elektra SA de CV (a) 2,380 126,599 
Grupo Financiero Banorte S.A.B. de CV Series O 128,000 809,075 
Grupo Financiero Inbursa S.A.B. de CV Series O 89,400 136,851 
Grupo Mexico SA de CV Series B 152,300 446,591 
Grupo Televisa SA de CV 102,400 208,281 
Industrias Penoles SA de CV 5,115 58,703 
Infraestructura Energetica Nova S.A.B. de CV 23,800 104,037 
Kimberly-Clark de Mexico SA de CV Series A 59,000 101,986 
Mexichem S.A.B. de CV 41,800 97,038 
Promotora y Operadora de Infraestructura S.A.B. de CV 9,530 96,940 
Wal-Mart de Mexico SA de CV Series V 219,400 644,738 
TOTAL MEXICO  6,193,084 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 158,000 244,911 
Netherlands - 3.3%   
ABN AMRO Group NV GDR (b) 17,924 421,572 
Adyen BV (b) 1,017 827,668 
AEGON NV 63,915 333,646 
AerCap Holdings NV (a) 5,389 267,510 
Airbus Group NV 25,238 3,455,831 
Akzo Nobel NV 10,240 869,428 
ASML Holding NV (Netherlands) 18,948 3,943,110 
ASR Nederland NV 5,925 263,161 
CNH Industrial NV 42,988 466,146 
Euronext NV (b) 2,924 203,169 
EXOR NV 4,403 293,144 
Ferrari NV 5,499 744,747 
Fiat Chrysler Automobiles NV 48,851 752,503 
Gemalto NV (a) 3,425 196,108 
Heineken Holding NV 5,033 511,156 
Heineken NV (Bearer) 10,396 1,122,173 
IMCD Group BV 2,693 217,474 
ING Groep NV (Certificaten Van Aandelen) 170,479 2,175,317 
Interxion Holding N.V. (a) 3,260 225,559 
Koninklijke Ahold Delhaize NV 52,623 1,268,298 
Koninklijke DSM NV 8,136 930,528 
Koninklijke KPN NV 180,617 555,100 
Koninklijke Philips Electronics NV 41,442 1,779,674 
NN Group NV 13,312 579,611 
NXP Semiconductors NV 14,408 1,521,773 
QIAGEN NV (Germany) (a) 10,352 399,760 
Randstad NV 5,751 328,450 
RHI Magnesita NV 1,306 84,504 
STMicroelectronics NV (Italy) 28,505 524,882 
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit 6,116 1,051,250 
Unilever NV (Certificaten Van Aandelen) (Bearer) 75,259 4,553,514 
Wolters Kluwer NV 12,360 862,000 
X5 Retail Group NV GDR (Reg. S) 4,125 125,194 
Yandex NV Series A (a) 11,058 413,901 
TOTAL NETHERLANDS  32,267,861 
New Zealand - 0.2%   
Auckland International Airport Ltd. 42,528 226,383 
Contact Energy Ltd. 30,768 137,890 
Fisher & Paykel Healthcare Corp. 26,480 279,616 
Fletcher Building Ltd. 34,905 120,295 
Meridian Energy Ltd. 52,741 143,016 
Ryman Healthcare Group Ltd. 20,092 163,046 
SKYCITY Entertainment Group Ltd. 28,934 78,846 
Spark New Zealand Ltd. 84,621 207,422 
The a2 Milk Co. Ltd. (a) 32,761 366,946 
Trade Maine Group Ltd. 16,187 69,517 
Xero Ltd. (a) 4,985 191,347 
Z Energy Ltd. 13,193 55,777 
TOTAL NEW ZEALAND  2,040,101 
Norway - 0.6%   
Adevinta ASA:   
Class A (a) 3,401 34,304 
Class B 4,014 39,491 
Aker ASA (A Shares) 984 67,292 
Aker Bp ASA 4,962 163,628 
Austevoll Seafood ASA 3,673 42,701 
Det Norske Oljeselskap ASA (DNO) (A Shares) 26,906 61,032 
DNB ASA 40,872 784,756 
Entra ASA (b) 4,751 68,836 
Equinor ASA 46,937 1,047,010 
Gjensidige Forsikring ASA 8,410 163,327 
Kongsberg Gruppen ASA 3,372 48,856 
Leroy Seafood Group ASA 10,749 77,670 
Marine Harvest ASA 19,343 419,035 
Norsk Hydro ASA 61,637 265,476 
Norwegian Finans Holding ASA (a) 6,255 51,476 
Orkla ASA 38,463 301,553 
Salmar ASA 2,388 108,502 
Schibsted ASA:   
(A Shares) 3,401 89,248 
(B Shares) 5,385 128,829 
SpareBank 1 SR-Bank ASA (primary capital certificate) 8,768 101,273 
Sparebanken Midt-Norge 6,542 70,899 
Storebrand ASA (A Shares) 20,691 174,594 
Telenor ASA 28,708 576,326 
TGS Nopec Geophysical Co. ASA 4,729 123,549 
Tomra Systems ASA 4,695 141,381 
Veidekke ASA 3,824 42,750 
Yara International ASA 8,036 362,425 
TOTAL NORWAY  5,556,219 
Pakistan - 0.0%   
Engro Corp. Ltd. 3,300 7,417 
Habib Bank Ltd. 5,800 5,226 
Lucky Cement Ltd. 15,550 42,743 
United Bank Ltd. 9,400 9,840 
TOTAL PAKISTAN  65,226 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 59,023 323,712 
Philippines - 0.3%   
Aboitiz Equity Ventures, Inc. 94,050 101,027 
Ayala Corp. 13,110 228,969 
Ayala Land, Inc. 243,600 230,375 
Bank of the Philippine Islands (BPI) 65,290 107,030 
BDO Unibank, Inc. 71,800 185,881 
GT Capital Holdings, Inc. 4,400 73,532 
International Container Terminal Services, Inc. 31,500 76,985 
JG Summit Holdings, Inc. 117,470 149,788 
Jollibee Food Corp. 17,420 102,514 
Manila Electric Co. 12,460 92,680 
Megaworld Corp. 381,000 41,221 
Metropolitan Bank & Trust Co. 58,570 84,019 
Philippine Long Distance Telephone Co. 3,165 75,175 
San Miguel Corp. 15,310 53,390 
SM Investments Corp. 19,930 365,794 
SM Prime Holdings, Inc. 547,200 438,204 
Universal Robina Corp. 55,790 164,158 
TOTAL PHILIPPINES  2,570,742 
Poland - 0.3%   
Alior Bank SA (a) 3,782 58,045 
Bank Millennium SA (a) 26,876 67,833 
Bank Polska Kasa Opieki SA 7,596 226,005 
Bank Zachodni WBK SA 1,563 162,294 
BRE Bank SA 429 49,732 
CD Projekt RED SA 2,709 152,341 
Cyfrowy Polsat SA (a) 10,080 69,900 
Dino Polska SA (a)(b) 1,934 64,274 
Grupa Lotos SA 3,211 69,876 
Jastrzebska Spolka Weglowa SA (a) 1,305 19,824 
KGHM Polska Miedz SA (Bearer) (a) 6,539 175,990 
LPP SA 62 138,960 
NG2 SA 1,305 70,826 
Polish Oil & Gas Co. SA 66,358 100,715 
Polska Grupa Energetyczna SA (a) 38,002 94,671 
Polski Koncern Naftowy Orlen SA 12,964 332,187 
Powszechna Kasa Oszczednosci Bank SA 38,543 395,773 
Powszechny Zaklad Ubezpieczen SA 25,595 281,304 
Telekomunikacja Polska SA (a) 29,323 37,875 
TOTAL POLAND  2,568,425 
Portugal - 0.1%   
Banco Comercial Portugues SA (Reg.) (a) 472,125 132,437 
Energias de Portugal SA 105,739 400,739 
Galp Energia SGPS SA Class B 20,645 346,637 
Jeronimo Martins SGPS SA 9,953 162,091 
NOS SGPS SA 11,053 74,196 
Portucel Industrial Empresa Produtora de Celulosa SA 9,818 43,387 
REN - Redes Energeticas Nacionais SGPS SA 16,608 47,500 
TOTAL PORTUGAL  1,206,987 
Qatar - 0.2%   
Barwa Real Estate Co. (a) 6,977 66,517 
Industries Qatar QSC (a) 8,318 276,448 
Masraf al Rayan (a) 13,620 135,798 
Qatar Electricity & Water Co. (a) 2,299 105,448 
Qatar Islamic Bank (a) 5,339 244,458 
Qatar National Bank SAQ (a) 19,888 1,070,617 
Qatar Telecom (Qtel) Q.S.C. (a) 3,446 61,523 
The Commercial Bank of Qatar (a) 7,572 105,861 
TOTAL QATAR  2,066,670 
Russia - 0.7%   
Alrosa Co. Ltd. 111,650 162,719 
Gazprom OAO 529,250 1,344,945 
Lukoil PJSC 16,521 1,409,861 
Magnit OJSC 3,236 186,183 
MMC Norilsk Nickel PJSC 2,704 599,799 
NOVATEK OAO 37,840 705,342 
Novolipetsk Steel OJSC 14,810 39,192 
Novolipetsk Steel OJSC GDR (Reg. S) 2,679 70,565 
Sberbank of Russia 479,850 1,681,085 
Severstal PAO 8,620 139,347 
Surgutneftegas OJSC 218,000 82,825 
Tatneft PAO 69,570 815,069 
VTB Bank OJSC (a) 227,100,000 124,691 
TOTAL RUSSIA  7,361,623 
Singapore - 1.0%   
Ascendas Real Estate Investment Trust 120,200 265,128 
CapitaCommercial Trust (REIT) 136,800 195,127 
CapitaLand Ltd. 104,100 270,181 
CapitaMall Trust 133,700 237,890 
City Developments Ltd. 27,900 183,388 
ComfortDelgro Corp. Ltd. 97,900 193,626 
DBS Group Holdings Ltd. 80,000 1,661,643 
Flextronics International Ltd. (a) 22,681 250,398 
Jardine Cycle & Carriage Ltd. 3,700 96,628 
Keppel Corp. Ltd. 63,200 314,583 
Mapletree Commercial Trust 90,400 128,279 
Mapletree Greater China Commercial Trust 84,300 84,294 
Mapletree Industrial (REIT) 37,783 57,226 
Mapletree Logistics Trust (REIT) 114,299 124,375 
Oversea-Chinese Banking Corp. Ltd. 179,027 1,592,697 
Singapore Airlines Ltd. 18,600 132,379 
Singapore Airport Terminal Service Ltd. 26,000 99,978 
Singapore Exchange Ltd. 38,700 209,989 
Singapore Press Holdings Ltd. 67,800 125,122 
Singapore Technologies Engineering Ltd. 71,700 208,758 
Singapore Telecommunications Ltd. 345,800 805,960 
Suntec (REIT) 117,000 159,143 
United Overseas Bank Ltd. 63,000 1,289,089 
UOL Group Ltd. 22,800 127,067 
Venture Corp. Ltd. 11,300 140,990 
Wilmar International Ltd. 161,200 431,415 
Yangzijiang Shipbuilding Holdings Ltd. 95,400 110,123 
TOTAL SINGAPORE  9,495,476 
South Africa - 1.5%   
Anglo American Platinum Ltd. 2,345 118,352 
AngloGold Ashanti Ltd. 18,855 224,334 
Aspen Pharmacare Holdings Ltd. 18,175 130,738 
AVI Ltd. 15,474 99,453 
Barclays Africa Group Ltd. 33,132 380,445 
Barloworld Ltd. 10,078 89,649 
Bidcorp Ltd. 14,608 308,468 
Bidvest Group Ltd. 15,291 232,064 
Capitec Bank Holdings Ltd. 2,851 266,404 
Clicks Group Ltd. 11,947 163,408 
Discovery Ltd. 20,027 201,684 
Exxaro Resources Ltd. 10,795 123,254 
FirstRand Ltd. 154,145 731,771 
Foschini Ltd. 11,606 149,900 
Gold Fields Ltd. 38,148 143,769 
Growthpoint Properties Ltd. 134,874 234,580 
Impala Platinum Holdings Ltd. (a) 30,831 123,410 
Investec Ltd. 13,602 86,861 
Life Healthcare Group Holdings Ltd. 55,488 101,046 
Mondi Ltd. 4,953 109,167 
Mr Price Group Ltd. 11,664 176,636 
MTN Group Ltd. 71,843 519,148 
MultiChoice Group Ltd. (a) 19,224 172,620 
Naspers Ltd. Class N 19,274 4,958,247 
Nedbank Group Ltd. 15,821 294,256 
Netcare Ltd. 76,603 128,412 
Oceana Group Ltd. 1,996 9,767 
Old Mutual Ltd. 219,646 350,920 
PSG Group Ltd. 6,437 119,281 
Rand Merchant Insurance Holdings Ltd. 41,470 100,392 
Redefine Properties Ltd. 265,690 182,946 
Remgro Ltd. 21,952 297,936 
RMB Holdings Ltd. 33,916 197,924 
Sanlam Ltd. 81,122 433,823 
Sappi Ltd. 20,293 96,720 
Sasol Ltd. 25,227 836,942 
Shoprite Holdings Ltd. 19,483 234,722 
Spar Group Ltd. 7,763 105,279 
Standard Bank Group Ltd. 57,932 805,905 
Tiger Brands Ltd. 7,717 134,029 
Truworths International Ltd. 19,914 105,229 
Vodacom Group Ltd. 27,333 220,345 
Woolworths Holdings Ltd. 39,626 132,161 
TOTAL SOUTH AFRICA  14,632,397 
Spain - 1.9%   
ACS Actividades de Construccion y Servicios SA 11,779 541,672 
Aena Sme SA (b) 3,147 583,632 
Amadeus IT Holding SA Class A 19,250 1,531,220 
Banco Bilbao Vizcaya Argentaria SA 296,329 1,801,932 
Banco de Sabadell SA 247,424 287,501 
Banco Santander SA (Spain) 717,838 3,632,331 
Bankia SA 58,577 161,950 
Bankinter SA 29,072 232,098 
CaixaBank SA 154,438 492,270 
Cellnex Telecom SA (b) 8,990 276,481 
Enagas SA 10,384 295,826 
Endesa SA 13,234 329,669 
Ferrovial SA 20,109 495,291 
Gas Natural SDG SA 15,997 454,297 
Grifols SA 12,019 333,508 
Grifols SA ADR 12,256 234,580 
Iberdrola SA 266,667 2,423,308 
Inditex SA 46,737 1,413,773 
International Consolidated Airlines Group SA 7,669 54,190 
International Consolidated Airlines Group SA CDI 32,532 229,892 
Merlin Properties Socimi SA 15,860 216,131 
Red Electrica Corporacion SA 18,763 389,405 
Repsol SA 57,784 980,519 
Siemens Gamesa Renewable Energy SA 9,734 174,573 
Telefonica SA 201,827 1,682,702 
TOTAL SPAIN  19,248,751 
Sweden - 1.9%   
AarhusKarlshamn AB 7,893 128,290 
Alfa Laval AB 13,364 310,201 
ASSA ABLOY AB (B Shares) 43,756 935,397 
Atlas Copco AB:   
(A Shares) 29,024 905,964 
(B Shares) 16,563 471,750 
Axfood AB 3,851 70,687 
Billerud AB 7,084 96,299 
Boliden AB 12,299 366,017 
Castellum AB 11,757 211,384 
Dometic Group AB (b) 13,372 122,163 
Electrolux AB (B Shares) 11,831 289,958 
Elekta AB (B Shares) 15,624 185,316 
Epiroc AB:   
Class A 26,095 269,760 
Class B 17,595 174,116 
Essity AB Class B 26,729 792,539 
Fabege AB 11,989 166,523 
Fastighets AB Balder (a) 4,250 134,440 
Getinge AB (B Shares) 9,275 130,677 
H&M Hennes & Mauritz AB (B Shares) 36,176 631,233 
Hexagon AB (B Shares) 11,624 635,045 
HEXPOL AB (B Shares) 12,725 99,395 
Holmen AB (B Shares) 4,216 88,663 
Hufvudstaden AB Series A 4,502 75,018 
Husqvarna AB (B Shares) 19,609 179,038 
ICA Gruppen AB 2,977 107,721 
Industrivarden AB:   
(A Shares) 1,704 39,455 
(C Shares) 13,053 293,753 
Indutrade AB 3,957 120,984 
Intrum Justitia AB 3,247 82,683 
Investor AB (B Shares) 19,439 927,079 
Kinnevik AB (B Shares) 10,815 315,164 
Latour Investment AB Class B 6,380 90,342 
Lifco AB 1,732 82,497 
Loomis AB (B Shares) 3,340 123,571 
Lundin Petroleum AB 7,864 256,101 
Modern Times Group MTG AB (B Shares) 2,946 38,062 
Nibe Industrier AB (B Shares) 17,746 238,593 
Nordic Entertainment Group AB Class B (a) 2,946 75,443 
Saab AB (B Shares) 3,933 129,474 
Sandvik AB 48,771 903,160 
Securitas AB (B Shares) 14,717 257,349 
Skandinaviska Enskilda Banken AB (A Shares) 71,374 681,451 
Skanska AB (B Shares) 16,391 285,436 
SKF AB (B Shares) 17,375 322,514 
SSAB Svenskt Stal AB (B Shares) 31,468 101,479 
Svenska Cellulosa AB (SCA) (B Shares) 25,674 224,130 
Svenska Handelsbanken AB (A Shares) 65,974 720,640 
Swedbank AB (A Shares) 41,129 672,016 
Swedish Match Co. AB 7,573 369,256 
Swedish Orphan Biovitrum AB (a) 7,283 132,891 
Tele2 AB (B Shares) 22,430 299,655 
Telefonaktiebolaget LM Ericsson (B Shares) 123,118 1,217,905 
TeliaSonera AB 117,445 500,378 
Thule Group AB (b) 3,741 87,150 
Trelleborg AB (B Shares) 10,632 175,840 
Volvo AB (B Shares) 72,059 1,154,849 
Wallenstam AB (B Shares) 6,329 60,908 
Wihlborgs Fastigheter AB 5,035 66,989 
TOTAL SWEDEN  18,624,791 
Switzerland - 5.5%   
ABB Ltd. (Reg.) 85,208 1,752,620 
Adecco SA (Reg.) 7,626 437,974 
Alcon, Inc. (a) 23,091 1,329,781 
Baloise Holdings AG 2,111 361,726 
Coca-Cola HBC AG 9,025 322,577 
Compagnie Financiere Richemont SA Series A 23,093 1,688,152 
Credit Suisse Group AG 107,524 1,429,951 
Geberit AG (Reg.) 1,597 669,707 
Givaudan SA 351 909,062 
Julius Baer Group Ltd. 9,779 472,374 
Kuehne & Nagel International AG 2,169 315,148 
Lafargeholcim Ltd. (Reg.) 21,367 1,098,389 
Lindt & Spruengli AG 303,450 
Lindt & Spruengli AG (participation certificate) 52 345,748 
Lonza Group AG 3,322 1,025,931 
Nestle SA (Reg. S) 134,344 12,934,332 
Novartis AG 112,745 9,238,336 
Partners Group Holding AG 825 621,493 
Roche Holding AG:   
(Bearer) 1,786 467,292 
(participation certificate) 30,493 8,045,986 
Schindler Holding AG (participation certificate) 1,789 385,909 
SGS SA (Reg.) 224 591,035 
Sika AG 5,675 868,836 
Sonova Holding AG Class B 2,301 464,062 
Straumann Holding AG 474 382,661 
Swatch Group AG (Bearer) 1,385 422,996 
Swiss Life Holding AG 1,527 717,980 
Swiss Prime Site AG 3,410 273,750 
Swiss Re Ltd. 13,252 1,275,324 
Swisscom AG 1,070 498,483 
Temenos Group AG 2,634 437,901 
UBS Group AG 168,792 2,263,647 
Zurich Insurance Group Ltd. 6,543 2,086,286 
TOTAL SWITZERLAND  54,438,899 
Taiwan - 2.7%   
Accton Technology Corp. 25,000 105,980 
Acer, Inc. 144,000 97,625 
Advantech Co. Ltd. 18,000 145,622 
ASE Technology Holding Co. Ltd. 129,000 299,648 
Asia Cement Corp. 115,000 155,370 
ASUSTeK Computer, Inc. 31,000 236,748 
AU Optronics Corp. 418,000 149,488 
Catcher Technology Co. Ltd. 34,000 269,012 
Cathay Financial Holding Co. Ltd. 363,000 525,083 
Chang Hwa Commercial Bank 289,720 173,446 
Cheng Shin Rubber Industry Co. Ltd. 100,000 133,487 
Chicony Electronics Co. Ltd. 25,000 61,566 
China Airlines Ltd. 94,000 29,810 
China Development Finance Holding Corp. 660,000 212,511 
China Life Insurance Co. Ltd. 125,120 104,057 
China Petrochemical Development Corp. (a) 126,000 47,502 
China Steel Corp. 534,000 431,147 
China Synthetic Rubber Corp. 30,658 41,668 
Chinatrust Financial Holding Co. Ltd. 847,000 579,705 
Chipbond Technology Corp. 32,000 72,487 
Chroma ATE, Inc. 19,000 90,690 
Chunghwa Telecom Co. Ltd. 161,000 579,939 
Compal Electronics, Inc. 155,000 100,066 
CTCI Corp. 18,000 27,901 
Delta Electronics, Inc. 86,000 452,236 
E Ink Holdings, Inc. 28,000 33,480 
E.SUN Financial Holdings Co. Ltd. 497,000 407,707 
ECLAT Textile Co. Ltd. 10,000 142,386 
Elan Microelectronics Corp. 13,000 35,169 
Elite Material Co. Ltd. 15,000 48,152 
EPISTAR Corp. 57,000 49,803 
EVA Airways Corp. 110,328 54,089 
Evergreen Marine Corp. (Taiwan) 73,723 32,326 
Far Eastern Textile Ltd. 161,000 175,578 
Far EasTone Telecommunications Co. Ltd. 72,000 176,610 
Feng Tay Enterprise Co. Ltd. 19,000 154,019 
First Financial Holding Co. Ltd. 444,420 317,114 
Formosa Chemicals & Fibre Corp. 181,000 650,152 
Formosa Petrochemical Corp. 78,000 289,010 
Formosa Plastics Corp. 197,000 713,999 
Formosa Taffeta Co. Ltd. 43,000 51,833 
Foxconn Technology Co. Ltd. 43,000 96,292 
Fubon Financial Holding Co. Ltd. 310,000 457,446 
Giant Manufacturing Co. Ltd. 13,000 99,071 
GlobalWafers Co. Ltd. 10,000 109,054 
Great Wall Enterprise Co. Ltd. 34,490 39,175 
Highwealth Construction Corp. 42,000 67,209 
HIWIN Technologies Corp. 11,000 104,475 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 549,800 1,546,101 
Hota Industrial Manufacturing Co. Ltd. 11,000 40,046 
Hotai Motor Co. Ltd. 15,000 226,684 
HTC Corp. (a) 36,000 48,696 
Hua Nan Financial Holdings Co. Ltd. 382,890 250,287 
Innolux Corp. 398,000 127,506 
Inventec Corp. 137,000 109,948 
King Yuan Electronics Co. Ltd. 42,000 38,871 
Largan Precision Co. Ltd. 4,000 601,903 
Lien Hwa Industrial Corp. 57,900 63,517 
Lite-On Technology Corp. 87,000 122,609 
Macronix International Co. Ltd. 88,340 68,466 
Makalot Industrial Co. Ltd. 9,000 62,035 
MediaTek, Inc. 68,000 650,249 
Mega Financial Holding Co. Ltd. 463,000 444,241 
Merida Industry Co. Ltd. 10,000 58,249 
Merry Electronics Co. Ltd. 10,064 57,970 
Micro-Star International Co. Ltd. 28,000 77,561 
Nan Ya Plastics Corp. 239,000 604,035 
Nanya Technology Corp. 44,000 93,120 
Nien Made Enterprise Co. Ltd. 6,000 46,987 
Novatek Microelectronics Corp. 27,000 176,057 
OBI Pharma, Inc. (a) 7,000 35,224 
OBI Pharma, Inc. rights 6/10/19 (a) 454 301 
Pegatron Corp. 90,000 169,795 
PharmaEssentia Corp. (a) 10,000 46,275 
Phison Electronics Corp. 7,000 65,805 
Pou Chen Corp. 99,000 120,298 
Powertech Technology, Inc. 38,000 94,686 
President Chain Store Corp. 25,000 232,995 
Qisda Corp. 52,000 33,066 
Quanta Computer, Inc. 125,000 239,467 
Radiant Opto-Electronics Corp. 19,000 63,944 
Realtek Semiconductor Corp. 18,000 121,740 
Ruentex Development Co. Ltd. 34,800 47,748 
Ruentex Industries Ltd. 17,600 42,032 
Shin Kong Financial Holding Co. Ltd. 441,843 124,966 
Simplo Technology Co. Ltd. 6,000 50,870 
Sino-American Silicon Products, Inc. 25,000 54,042 
Sinopac Holdings Co. 413,180 159,111 
St.Shine Optical Co. Ltd. 1,000 18,640 
Synnex Technology International Corp. 64,000 79,736 
Ta Chen Stainless Pipe Co. Ltd. 36,000 51,084 
TaiMed Biologics, Inc. (a) 8,000 40,645 
Taishin Financial Holdings Co. Ltd. 395,349 179,111 
Taiwan Business Bank 199,840 82,453 
Taiwan Cement Corp. 195,000 265,031 
Taiwan Cooperative Financial Holding Co. Ltd. 395,890 262,628 
Taiwan Fertilizer Co. Ltd. 37,000 53,820 
Taiwan High Speed Rail Corp. 81,000 98,557 
Taiwan Mobile Co. Ltd. 72,000 263,284 
Taiwan Semiconductor Manufacturing Co. Ltd. 820,000 6,884,524 
Tatung Co. Ltd. (a) 77,000 59,304 
TCI Co. Ltd. 3,000 44,754 
TECO Electric & Machinery Co. Ltd. 90,000 67,277 
Tripod Technology Corp. 23,000 73,610 
Unified-President Enterprises Corp. 212,000 503,553 
Unimicron Technology Corp. 61,000 68,004 
United Microelectronics Corp. 509,000 221,941 
Vanguard International Semiconductor Corp. 33,000 73,151 
Walsin Lihwa Corp. 119,000 66,620 
Walsin Technology Corp. 12,000 73,393 
Win Semiconductors Corp. 17,000 113,876 
Winbond Electronics Corp. 87,000 45,186 
Wistron Corp. 133,000 110,181 
WPG Holding Co. Ltd. 60,040 79,174 
Yageo Corp. 13,000 128,099 
Yuanta Financial Holding Co. Ltd. 532,000 308,161 
TOTAL TAIWAN  26,960,243 
Thailand - 0.6%   
Advanced Info Service PCL (For. Reg.) 44,200 263,116 
Advanced Information Service PCL NVDR 7,400 44,051 
Airports of Thailand PCL (For. Reg.) 175,600 376,865 
B. Grimm Power PCL 38,600 40,816 
Bangkok Bank PCL 16,600 105,578 
Bangkok Chain Hospital PCL 26,200 14,940 
Bangkok Dusit Medical Services PCL 54,200 43,302 
Bangkok Dusit Medical Services PCL (For. Reg.) 142,700 114,008 
Bangkok Expressway and Metro PCL 280,700 95,861 
Bangkok Expressway and Metro PCL 133,200 45,489 
Banpu PCL (For. Reg.) 90,200 46,347 
Berli Jucker PCL 23,700 38,241 
Berli Jucker PCL (For. Reg) 41,500 66,962 
BTS Group Holdings PCL 275,100 101,705 
Bumrungrad Hospital PCL (For. Reg.) 13,700 75,974 
C.P. ALL PCL 17,800 43,221 
C.P. ALL PCL (For. Reg.) 176,100 427,595 
Central Pattana PCL (For. Reg.) 48,200 114,016 
Central Plaza Hotel PCL 15,900 21,296 
Charoen Pokphand Foods PCL 53,000 45,249 
Charoen Pokphand Foods PCL (For. Reg.) 121,300 103,562 
Delta Electronics PCL 22,100 51,758 
Electricity Generating PCL (For. Reg.) 10,400 96,449 
Energy Absolute PCL 77,800 135,893 
Global Power Synergy Public Co. Ltd. 51,700 100,833 
Glow Energy PCL (For. Reg.) 16,600 47,588 
Gulf Energy Development PCL 17,600 57,624 
Gulf Energy Development PCL 28,800 94,293 
Hana Microelectronics PCL (For. Reg.) 36,500 37,166 
Home Product Center PCL (For. Reg.) 147,900 72,751 
Indorama Ventures PCL (For. Reg.) 87,100 124,848 
Intouch Holdings PCL (For. Reg.) 56,500 105,326 
IRPC PCL (For. Reg.) 395,100 69,940 
Kasikornbank PCL 26,700 159,778 
Kasikornbank PCL (For. Reg.) 26,900 160,553 
Kiatnakin Bank PCL (For. Reg.) 18,800 38,875 
Krung Thai Bank PCL (For. Reg.) 123,300 73,012 
Krungthai Card PCL 32,800 41,620 
Krungthai Card PCL (For. Reg.) 20,700 26,266 
Land & House PCL (For. Reg.) 139,900 49,092 
Minor International PCL (For. Reg.) 93,900 110,323 
Muangthai Leasing PCL 17,500 28,237 
PTT Exploration and Production PCL (For. Reg.) 58,000 242,594 
PTT Global Chemical PCL (For. Reg.) 67,400 145,179 
PTT PCL 55,700 85,075 
PTT PCL:   
(For. Reg.) 285,200 435,607 
NVDR 54,200 82,784 
Ratchaburi Electric Generating Holding PCL (For. Reg.) 24,900 48,563 
Robinsons Department Store PCL (For. Reg.) 27,100 49,458 
Siam Cement PCL 3,100 44,872 
Siam Cement PCL (For. Reg.) 10,200 147,643 
Siam Commercial Bank PCL 15,700 64,438 
Siam Commercial Bank PCL (For. Reg.) 55,400 227,380 
Siam Global House PCL 78,470 42,533 
Srisawad Corp. PCL 22,000 37,738 
Thai Beverage PCL 412,100 254,514 
Thai Oil PCL (For. Reg.) 37,800 82,013 
Thai Union Frozen Products PCL (For. Reg.) 90,100 53,353 
Thanachart Capital PCL (For. Reg.) 29,400 48,820 
TISCO Financial Group PCL 16,500 43,295 
TMB PCL (For. Reg.) 859,100 54,371 
Total Access Communication PCL (For. Reg.) 20,800 33,073 
True Corp. PCL (For. Reg.) 420,400 67,833 
VGI Global Media PCL 159,100 48,103 
WHA Corp. PCL 154,600 21,216 
TOTAL THAILAND  6,270,874 
Turkey - 0.2%   
Akbank TAS 138,569 142,124 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 8,285 27,520 
Arcelik A/S (a) 7,498 23,046 
Aselsan A/S 16,450 56,351 
Bim Birlesik Magazalar A/S JSC 12,923 179,868 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 173,683 43,953 
Enka Insaat ve Sanayi A/S 60,958 54,860 
Eregli Demir ve Celik Fabrikalari T.A.S. 63,384 97,303 
Ford Otomotiv Sanayi A/S 1,714 15,138 
Haci Omer Sabanci Holding A/S 45,519 58,740 
Koc Holding A/S 42,187 114,537 
Petkim Petrokimya Holding A/S 26,410 19,785 
Soda Sanayii AS 25,979 33,786 
TAV Havalimanlari Holding A/S 11,244 47,675 
Tekfen Holding A/S 6,725 30,002 
Tupras Turkiye Petrol Rafinerileri A/S 5,762 119,066 
Turk Hava Yollari AO (a) 29,489 70,721 
Turk Sise ve Cam Fabrikalari A/S 12,756 13,041 
Turkcell Iletisim Hizmet A/S 40,626 85,107 
Turkiye Garanti Bankasi A/S 81,620 111,756 
Turkiye Halk Bankasi A/S 26,013 25,503 
Turkiye Is Bankasi A/S Series C 93,868 84,321 
Turkiye Vakiflar Bankasi TAO 47,663 32,271 
Ulker Biskuvi Sanayi A/S 11,675 37,215 
Yapi ve Kredi Bankasi A/S (a) 9,658 3,350 
TOTAL TURKEY  1,527,039 
United Arab Emirates - 0.1%   
Abu Dhabi Commercial Bank PJSC 84,666 227,734 
DP World Ltd. 6,840 136,800 
Dubai Islamic Bank Pakistan Ltd. (a) 61,361 86,366 
Emaar Properties PJSC 154,586 202,010 
Emirates Telecommunications Corp. 75,802 344,634 
National Bank of Abu Dhabi PJSC (a) 120,674 525,648 
TOTAL UNITED ARAB EMIRATES  1,523,192 
United Kingdom - 10.8%   
3i Group PLC 42,748 596,733 
Admiral Group PLC 11,947 343,359 
Amarin Corp. PLC ADR (a) 12,212 228,364 
Anglo American PLC (United Kingdom) 62,127 1,605,204 
Antofagasta PLC 15,963 189,007 
Ashtead Group PLC 21,764 602,229 
Associated British Foods PLC 15,707 524,133 
AstraZeneca PLC (United Kingdom) 55,862 4,161,708 
Atlassian Corp. PLC (a) 5,025 553,504 
Auto Trader Group PLC (b) 42,994 317,827 
Aviva PLC 174,382 979,352 
Babcock International Group PLC 21,377 146,347 
BAE Systems PLC 141,848 911,697 
Barclays PLC 702,708 1,508,016 
Barratt Developments PLC 44,747 351,151 
Beazley PLC 24,429 183,487 
Bellway PLC 5,663 229,807 
Berkeley Group Holdings PLC 6,343 310,669 
BHP Billiton PLC 93,046 2,196,311 
BP PLC 875,961 6,369,729 
British American Tobacco PLC (United Kingdom) 100,690 3,941,907 
British Land Co. PLC 43,057 333,509 
BT Group PLC 385,349 1,149,887 
BTG PLC (a) 16,188 176,367 
Bunzl PLC 14,633 440,590 
Burberry Group PLC 17,944 471,957 
Carnival PLC 8,789 465,945 
Centrica PLC 246,666 342,907 
Cobham PLC (a) 99,598 149,747 
Coca-Cola European Partners PLC 10,231 548,279 
Compass Group PLC 70,280 1,599,141 
Croda International PLC 6,097 411,915 
Derwent London PLC 5,013 207,221 
Diageo PLC 106,246 4,479,088 
Direct Line Insurance Group PLC 61,193 262,847 
DS Smith PLC 57,706 268,638 
easyJet PLC 10,981 166,604 
Evraz PLC 15,183 124,256 
G4S PLC (United Kingdom) 70,873 199,809 
GlaxoSmithKline PLC 218,225 4,483,045 
GW Pharmaceuticals PLC ADR (a)(e) 1,255 212,484 
Halma PLC 15,817 371,154 
Hammerson PLC 32,096 134,725 
Hargreaves Lansdown PLC 11,506 338,636 
HomeServe PLC 13,036 184,439 
Howden Joinery Group PLC 26,219 173,683 
HSBC Holdings PLC (United Kingdom) 892,757 7,778,559 
IMI PLC 11,665 159,793 
Imperial Tobacco Group PLC 42,468 1,349,015 
Informa PLC 53,784 546,346 
InterContinental Hotel Group PLC 8,443 546,961 
Intermediate Capital Group PLC 12,556 193,529 
International Game Technology PLC 4,213 61,636 
Intertek Group PLC 7,007 488,836 
Investec PLC 31,417 198,694 
ITV PLC 164,889 293,818 
J Sainsbury PLC 77,130 223,785 
John Wood Group PLC 29,775 182,679 
Johnson Matthey PLC 8,555 372,266 
Just Eat Holding Ltd. (a) 24,820 226,233 
Kingfisher PLC 96,113 331,416 
Land Securities Group PLC 32,513 391,324 
Legal & General Group PLC 261,173 947,465 
Lloyds Banking Group PLC 3,138,851 2,567,064 
London Stock Exchange Group PLC 13,914 912,248 
Marks & Spencer Group PLC 74,201 276,789 
Meggitt PLC 31,553 223,994 
Melrose Industries PLC 207,778 547,846 
Micro Focus International PLC 15,445 390,278 
Mondi PLC 16,300 357,194 
National Grid PLC 161,427 1,759,997 
Next PLC 6,029 453,312 
Ocado Group PLC (a) 25,801 458,406 
Pearson PLC 33,927 367,527 
Pennon Group PLC 17,029 166,233 
Persimmon PLC 13,717 399,953 
Phoenix Group Holdings PLC 24,078 226,848 
Prudential PLC 113,833 2,586,443 
Reckitt Benckiser Group PLC 32,443 2,624,847 
RELX PLC (London Stock Exchange) 90,442 2,074,501 
Rentokil Initial PLC 81,940 416,714 
Rightmove PLC 37,927 267,364 
Rio Tinto PLC 49,470 2,886,034 
Rolls-Royce Holdings PLC 84,135 1,007,562 
Royal Bank of Scotland Group PLC 200,081 626,521 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 208,666 6,648,395 
Class B (United Kingdom) 153,197 4,944,182 
RPC Group PLC 17,163 176,583 
RSA Insurance Group PLC 46,971 331,976 
Sage Group PLC 48,132 455,291 
Schroders PLC 5,324 219,869 
Scottish & Southern Energy PLC 46,229 691,707 
Segro PLC 44,393 392,715 
Severn Trent PLC 10,472 278,026 
Smith & Nephew PLC 38,218 738,849 
Smiths Group PLC 17,692 351,246 
Spectris PLC 5,453 195,402 
Spirax-Sarco Engineering PLC 3,055 328,657 
SSP Group PLC 18,812 170,735 
St. James's Place Capital PLC 23,575 344,769 
Standard Chartered PLC (United Kingdom) 122,259 1,115,980 
Standard Life PLC 108,949 396,232 
Tate & Lyle PLC 19,949 199,680 
Taylor Wimpey PLC 143,934 340,470 
Tesco PLC 427,380 1,394,387 
The Weir Group PLC 11,346 245,526 
Travis Perkins PLC 10,473 190,854 
Tullow Oil PLC 61,534 180,781 
Unilever PLC 51,987 3,151,197 
United Utilities Group PLC 29,536 319,212 
Vodafone Group PLC 1,178,910 2,186,730 
Whitbread PLC 7,967 463,348 
WM Morrison Supermarkets PLC 107,521 302,708 
TOTAL UNITED KINGDOM  106,592,951 
United States of America - 0.1%   
KLA-Tencor Corp. (d) 428 54,561 
Kolon TissueGene, Inc. unit (a) 911 12,718 
Stratasys Ltd. (a) 2,259 52,522 
Yum China Holdings, Inc. 17,019 809,083 
TOTAL UNITED STATES OF AMERICA  928,884 
TOTAL COMMON STOCKS   
(Cost $923,784,541)  955,599,293 
Nonconvertible Preferred Stocks - 1.3%   
Brazil - 0.7%   
Azul SA (a) 10,700 92,780 
Banco Bradesco SA (PN) 181,560 1,647,473 
Bradespar SA (PN) 11,400 92,744 
Braskem SA (PN-A) 9,100 110,887 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) (a) 10,400 91,903 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar (PN) 6,500 159,968 
Companhia Energetica de Minas Gerais (CEMIG) (PN) 46,800 175,928 
Gerdau SA 50,400 181,878 
Itau Unibanco Holding SA 215,250 1,857,108 
Itausa-Investimentos Itau SA (PN) 203,400 617,810 
Lojas Americanas SA (PN) 36,600 146,732 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) 196,100 1,355,811 
Telefonica Brasil SA 16,200 192,404 
TOTAL BRAZIL  6,723,426 
Chile - 0.0%   
Sociedad Quimica y Minera de Chile SA (PN-B) 3,823 136,308 
Colombia - 0.1%   
Bancolombia SA (PN) 21,721 274,767 
Grupo Aval Acciones y Valores SA 174,545 67,211 
TOTAL COLOMBIA  341,978 
Germany - 0.3%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 2,079 153,433 
Henkel AG & Co. KGaA 8,717 882,275 
Porsche Automobil Holding SE (Germany) 6,608 459,373 
Sartorius AG (non-vtg.) 1,546 282,988 
Volkswagen AG 8,115 1,411,141 
TOTAL GERMANY  3,189,210 
Italy - 0.0%   
Telecom Italia SpA (Risparmio Shares) 420,623 219,638 
Korea (South) - 0.1%   
CJ Corp. (a)(c) 48 1,512 
Hyundai Motor Co. 207 14,405 
Hyundai Motor Co. Series 2 2,366 177,855 
LG Chemical Ltd. 307 52,881 
Samsung Electronics Co. Ltd. 33,366 1,066,327 
TOTAL KOREA (SOUTH)  1,312,980 
Russia - 0.1%   
AK Transneft OAO 68 176,688 
Sberbank of Russia 40,400 123,963 
Surgutneftegas OJSC 419,600 254,169 
TOTAL RUSSIA  554,820 
United Kingdom - 0.0%   
Rolls-Royce Holdings PLC (C Shares) (a) 5,973,585 7,790 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $12,146,492)  12,486,150 
Money Market Funds - 1.4%   
Fidelity Cash Central Fund, 2.49% (f) 13,185,485 13,188,122 
Fidelity Securities Lending Cash Central Fund 2.49% (f)(g) 689,956 690,025 
TOTAL MONEY MARKET FUNDS   
(Cost $13,877,958)  13,878,147 
TOTAL INVESTMENT IN SECURITIES - 99.2%   
(Cost $949,808,991)  981,963,590 
NET OTHER ASSETS (LIABILITIES) - 0.8%  8,242,414 
NET ASSETS - 100%  $990,206,004 

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) 154 June 2019 $14,760,900 $172,948 $172,948 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 105 June 2019 5,671,050 65,822 65,822 
TME S&P/TSX 60 Index Contracts (Canada) 10 June 2019 1,483,019 18,594 18,594 
TOTAL FUTURES CONTRACTS     $257,364 

The notional amount of futures purchased as a percentage of Net Assets is 2.2%

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

Legend

 (a) Non-income producing

 (b) 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 $8,845,497 or 0.9% of net assets.

 (c) Level 3 security

 (d) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

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

 (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 $570,230 
Fidelity Securities Lending Cash Central Fund 5,000 
Total $575,230 

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 April 30, 2019, 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:     
Communication Services $63,279,556 $22,753,129 $40,526,427 $-- 
Consumer Discretionary 110,544,008 78,144,673 32,399,335 -- 
Consumer Staples 93,481,193 49,127,119 44,354,074 -- 
Energy 66,376,635 33,360,026 33,016,609 -- 
Financials 211,029,183 133,325,875 77,701,774 1,534 
Health Care 78,702,342 35,608,166 43,094,176 -- 
Industrials 122,611,397 89,784,636 32,825,249 1,512 
Information Technology 85,714,018 61,844,094 23,869,924 -- 
Materials 71,775,361 47,866,686 23,908,675 -- 
Real Estate 35,132,970 34,417,708 715,262 
Utilities 29,438,780 21,157,876 8,280,904 -- 
Money Market Funds 13,878,147 13,878,147 -- -- 
Total Investments in Securities: $981,963,590 $621,268,135 $360,692,409 $3,046 
Derivative Instruments:     
Assets     
Futures Contracts $257,364 $257,364 $-- $-- 
Total Assets $257,364 $257,364 $-- $-- 
Total Derivative Instruments: $257,364 $257,364 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2019. 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) $257,364 $0 
Total Equity Risk 257,364 
Total Value of Derivatives $257,364 $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 distributable earnings.

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


Fidelity ZERO℠ International Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $661,694) — See accompanying schedule:
Unaffiliated issuers (cost $935,931,033) 
$968,085,443  
Fidelity Central Funds (cost $13,877,958) 13,878,147  
Total Investment in Securities (cost $949,808,991)  $981,963,590 
Segregated cash with brokers for derivative instruments  823,657 
Cash  21,957 
Foreign currency held at value (cost $7,594,384)  7,606,736 
Receivable for fund shares sold  4,590,613 
Dividends receivable  3,449,695 
Distributions receivable from Fidelity Central Funds  61,309 
Other receivables  46 
Total assets  998,517,603 
Liabilities   
Payable for investments purchased   
Regular delivery $255,931  
Delayed delivery 6,765,507  
Payable for fund shares redeemed 422,167  
Payable for daily variation margin on futures contracts 5,970  
Other payables and accrued expenses 171,999  
Collateral on securities loaned 690,025  
Total liabilities  8,311,599 
Net Assets  $990,206,004 
Net Assets consist of:   
Paid in capital  $951,647,130 
Total distributable earnings (loss)  38,558,874 
Net Assets, for 99,898,682 shares outstanding  $990,206,004 
Net Asset Value, offering price and redemption price per share ($990,206,004 ÷ 99,898,682 shares)  $9.91 

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


Statement of Operations

  Six months ended April 30, 2019 (Unaudited) 
Investment Income   
Dividends  $11,147,167 
Interest  27,427 
Income from Fidelity Central Funds  575,230 
Income before foreign taxes withheld  11,749,824 
Less foreign taxes withheld  (1,225,890) 
Total income  10,523,934 
Expenses   
Independent trustees' fees and expenses $1,485  
Total expenses before reductions 1,485  
Expense reductions (656)  
Total expenses after reductions  829 
Net investment income (loss)  10,523,105 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (1,946,208)  
Fidelity Central Funds (189)  
Foreign currency transactions (264,025)  
Futures contracts 2,193,037  
Total net realized gain (loss)  (17,385) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (net of increase in deferred foreign taxes of $171,787) 59,496,115  
Fidelity Central Funds 189  
Assets and liabilities in foreign currencies (17,666)  
Futures contracts 113,761  
Total change in net unrealized appreciation (depreciation)  59,592,399 
Net gain (loss)  59,575,014 
Net increase (decrease) in net assets resulting from operations  $70,098,119 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2019 (Unaudited) For the period
August 2, 2018 (commencement of operations) to October 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $10,523,105 $1,581,738 
Net realized gain (loss) (17,385) (2,391,214) 
Change in net unrealized appreciation (depreciation) 59,592,399 (27,380,553) 
Net increase (decrease) in net assets resulting from operations 70,098,119 (28,190,029) 
Distributions to shareholders (3,263,555) – 
Share transactions   
Proceeds from sales of shares 606,073,461 462,386,169 
Reinvestment of distributions 3,048,245 – 
Cost of shares redeemed (79,722,394) (40,224,012) 
Net increase (decrease) in net assets resulting from share transactions 529,399,312 422,162,157 
Total increase (decrease) in net assets 596,233,876 393,972,128 
Net Assets   
Beginning of period 393,972,128 – 
End of period $990,206,004 $393,972,128 
Other Information   
Shares   
Sold 65,004,172 47,322,476 
Issued in reinvestment of distributions 343,203 – 
Redeemed (8,614,242) (4,156,927) 
Net increase (decrease) 56,733,133 43,165,549 

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


Financial Highlights

Fidelity ZERO International Index Fund

 Six months ended (Unaudited) April 30, Years endedOctober 31, 
 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.13 $10.00 
Income from Investment Operations   
Net investment income (loss)B .14 .06 
Net realized and unrealized gain (loss) .70 (.93) 
Total from investment operations .84 (.87) 
Distributions from net investment income (.06) – 
Total distributions (.06) – 
Net asset value, end of period $9.91 $9.13 
Total ReturnC,D 9.25% (8.70)% 
Ratios to Average Net AssetsE,F   
Expenses before reductionsG - %H - %H 
Expenses net of fee waivers, if anyG - %H - %H 
Expenses net of all reductionsG - %H - %H 
Net investment income (loss) 3.07%H 2.42%H 
Supplemental Data   
Net assets, end of period (000 omitted) $990,206 $393,972 
Portfolio turnover rateI 9%H 0%J,K 

 A For the period August 2, 2018 (commencement of operations) to October 31, 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. 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 Amount represents less than .005%.

 H Annualized

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

 J Amount represents less than 1%.

 K Amount not annualized.

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


Fidelity ZERO℠ Large Cap Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2019

 % of fund's net assets 
Microsoft Corp. 3.9 
Apple, Inc. 3.5 
Amazon.com, Inc. 3.1 
Facebook, Inc. Class A 1.8 
Berkshire Hathaway, Inc. Class B 1.7 
JPMorgan Chase & Co. 1.5 
Johnson & Johnson 1.5 
Alphabet, Inc. Class C 1.4 
Alphabet, Inc. Class A 1.4 
Exxon Mobil Corp. 1.3 
 21.1 

Top Market Sectors as of April 30, 2019

 % of fund's net assets 
Information Technology 22.2 
Health Care 13.4 
Financials 13.2 
Communication Services 10.1 
Consumer Discretionary 9.9 
Industrials 9.1 
Consumer Staples 6.8 
Energy 5.1 
Utilities 3.2 
Real Estate 2.9 

Asset Allocation (% of fund's net assets)

As of April 30, 2019* 
   Stocks and Equity Futures 100.0% 


 * Foreign investments - 3.5%

Fidelity ZERO℠ Large Cap Index Fund

Schedule of Investments April 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.4%   
 Shares Value 
COMMUNICATION SERVICES - 10.1%   
Diversified Telecommunication Services - 1.8%   
AT&T, Inc. 187,668 $5,810,201 
CenturyLink, Inc. 24,534 280,178 
Verizon Communications, Inc. 106,544 6,093,251 
  12,183,630 
Entertainment - 1.8%   
Activision Blizzard, Inc. 19,678 948,676 
Electronic Arts, Inc. (a) 7,792 737,513 
Netflix, Inc. (a) 11,245 4,166,722 
Take-Two Interactive Software, Inc. (a) 2,938 284,487 
The Walt Disney Co. 38,387 5,257,867 
Viacom, Inc.:   
Class A 442 15,315 
Class B (non-vtg.) 8,873 256,518 
  11,667,098 
Interactive Media & Services - 4.8%   
Alphabet, Inc.:   
Class A (a) 7,698 9,229,594 
Class C (a) 7,944 9,441,285 
Facebook, Inc. Class A (a) 61,948 11,980,743 
IAC/InterActiveCorp (a) 2,004 450,579 
Twitter, Inc. (a) 18,648 744,242 
  31,846,443 
Media - 1.6%   
CBS Corp. Class B 8,686 445,331 
Charter Communications, Inc. Class A (a) 4,545 1,687,059 
Comcast Corp. Class A 117,067 5,095,927 
Discovery Communications, Inc.:   
Class A (a) 4,038 124,774 
Class C (non-vtg.) (a) 9,295 267,324 
Fox Corp.:   
Class A (a) 9,031 352,119 
Class B (a) 4,245 163,433 
Interpublic Group of Companies, Inc. 9,929 228,367 
Liberty Broadband Corp.:   
Class A (a) 679 66,807 
Class C (a) 3,935 388,424 
Liberty Global PLC:   
Class A (a) 5,291 142,910 
Class C (a) 15,339 401,115 
Liberty Media Corp.:   
Liberty Braves Class C (a) 897 25,251 
Liberty Formula One Group Series C (a) 5,243 203,481 
Liberty Media Class A (a) 656 24,771 
Liberty SiriusXM Series A (a) 2,134 85,232 
Liberty SiriusXM Series C (a) 4,056 162,889 
Omnicom Group, Inc. 5,781 462,653 
  10,327,867 
Wireless Telecommunication Services - 0.1%   
T-Mobile U.S., Inc. (a) 8,096 590,927 
TOTAL COMMUNICATION SERVICES  66,615,965 
CONSUMER DISCRETIONARY - 9.9%   
Auto Components - 0.2%   
Aptiv PLC 6,801 582,846 
BorgWarner, Inc. 5,398 225,474 
Lear Corp. 1,641 234,663 
  1,042,983 
Automobiles - 0.5%   
Ford Motor Co. 100,760 1,052,942 
General Motors Co. 33,851 1,318,496 
Tesla, Inc. (a)(b) 3,498 834,938 
  3,206,376 
Distributors - 0.1%   
Genuine Parts Co. 3,785 388,114 
Hotels, Restaurants & Leisure - 1.9%   
Carnival Corp. 10,326 566,484 
Chipotle Mexican Grill, Inc. (a) 630 433,465 
Darden Restaurants, Inc. 3,200 376,320 
Domino's Pizza, Inc. 1,073 290,332 
Hilton Worldwide Holdings, Inc. 7,647 665,213 
Las Vegas Sands Corp. 9,496 636,707 
Marriott International, Inc. Class A 7,300 995,866 
McDonald's Corp. 19,877 3,927,099 
MGM Mirage, Inc. 12,917 343,980 
Norwegian Cruise Line Holdings Ltd. (a) 5,677 320,126 
Royal Caribbean Cruises Ltd. 4,419 534,434 
Starbucks Corp. 31,988 2,484,828 
Wynn Resorts Ltd. 2,524 364,592 
Yum! Brands, Inc. 8,052 840,548 
  12,779,994 
Household Durables - 0.2%   
D.R. Horton, Inc. 8,839 391,656 
Lennar Corp.:   
Class A 7,438 386,999 
Class B 553 23,071 
Newell Brands, Inc. 11,091 159,489 
NVR, Inc. (a) 87 274,266 
Whirlpool Corp. 1,649 228,914 
  1,464,395 
Internet & Direct Marketing Retail - 3.6%   
Amazon.com, Inc. (a) 10,591 20,403,773 
eBay, Inc. 23,339 904,386 
Expedia, Inc. 3,055 396,661 
Liberty Interactive Corp. QVC Group Series A (a) 10,847 184,941 
The Booking Holdings, Inc. (a) 1,195 2,216,713 
  24,106,474 
Leisure Products - 0.0%   
Hasbro, Inc. 3,006 306,191 
Multiline Retail - 0.4%   
Dollar General Corp. 6,777 854,512 
Dollar Tree, Inc. (a) 6,136 682,814 
Kohl's Corp. 4,260 302,886 
Target Corp. 13,455 1,041,686 
  2,881,898 
Specialty Retail - 2.3%   
Advance Auto Parts, Inc. 1,880 312,682 
AutoZone, Inc. (a) 650 668,402 
Best Buy Co., Inc. 6,038 449,288 
Burlington Stores, Inc. (a) 1,739 293,734 
CarMax, Inc. (a)(b) 4,504 350,681 
Home Depot, Inc. 29,124 5,932,559 
Lowe's Companies, Inc. 20,703 2,342,337 
O'Reilly Automotive, Inc. (a) 2,065 781,747 
Ross Stores, Inc. 9,627 940,173 
Tiffany & Co., Inc. 2,799 301,788 
TJX Companies, Inc. 31,906 1,751,001 
Tractor Supply Co. 3,149 325,922 
Ulta Beauty, Inc. (a) 1,453 507,068 
  14,957,382 
Textiles, Apparel & Luxury Goods - 0.7%   
lululemon athletica, Inc. (a) 2,719 479,496 
NIKE, Inc. Class B 32,826 2,883,108 
Tapestry, Inc. 7,485 241,541 
VF Corp. 8,391 792,194 
  4,396,339 
TOTAL CONSUMER DISCRETIONARY  65,530,146 
CONSUMER STAPLES - 6.8%   
Beverages - 1.7%   
Constellation Brands, Inc. Class A (sub. vtg.) 4,284 906,794 
Molson Coors Brewing Co. Class B 4,833 310,230 
Monster Beverage Corp. (a) 10,267 611,913 
PepsiCo, Inc. 36,397 4,660,636 
The Coca-Cola Co. 98,778 4,846,049 
  11,335,622 
Food & Staples Retailing - 1.4%   
Costco Wholesale Corp. 11,299 2,774,243 
Kroger Co. 20,578 530,501 
Sysco Corp. 12,331 867,732 
Walgreens Boots Alliance, Inc. 20,731 1,110,560 
Walmart, Inc. 36,705 3,774,742 
  9,057,778 
Food Products - 1.1%   
Archer Daniels Midland Co. 14,460 644,916 
Conagra Brands, Inc. 12,527 385,581 
General Mills, Inc. 15,374 791,300 
Hormel Foods Corp. 7,031 280,818 
Kellogg Co. 6,535 394,061 
Lamb Weston Holdings, Inc. 3,780 264,789 
McCormick & Co., Inc. (non-vtg.) 3,140 483,466 
Mondelez International, Inc. 37,487 1,906,214 
The Hershey Co. 3,616 451,458 
The J.M. Smucker Co. 2,935 359,919 
The Kraft Heinz Co. 16,044 533,303 
Tyson Foods, Inc. Class A 7,610 570,826 
  7,066,651 
Household Products - 1.6%   
Church & Dwight Co., Inc. 6,349 475,858 
Clorox Co. 3,292 525,831 
Colgate-Palmolive Co. 22,366 1,628,021 
Kimberly-Clark Corp. 8,930 1,146,433 
Procter & Gamble Co. 64,239 6,840,169 
  10,616,312 
Personal Products - 0.1%   
Estee Lauder Companies, Inc. Class A 5,670 974,163 
Tobacco - 0.9%   
Altria Group, Inc. 48,450 2,632,289 
Philip Morris International, Inc. 40,082 3,469,498 
  6,101,787 
TOTAL CONSUMER STAPLES  45,152,313 
ENERGY - 5.1%   
Energy Equipment & Services - 0.5%   
Baker Hughes, a GE Co. Class A 13,235 317,905 
Halliburton Co. 22,591 640,003 
National Oilwell Varco, Inc. 9,892 258,577 
Schlumberger Ltd. 35,707 1,523,975 
TechnipFMC PLC 10,977 269,924 
  3,010,384 
Oil, Gas & Consumable Fuels - 4.6%   
Anadarko Petroleum Corp. 13,004 947,341 
Apache Corp. 9,790 322,189 
Cabot Oil & Gas Corp. 11,123 287,974 
Cheniere Energy, Inc. (a) 5,696 366,538 
Chevron Corp. 49,270 5,915,356 
Concho Resources, Inc. 5,164 595,822 
ConocoPhillips Co. 29,686 1,873,780 
Devon Energy Corp. 12,077 388,155 
Diamondback Energy, Inc. 3,978 423,219 
EOG Resources, Inc. 14,954 1,436,332 
Exxon Mobil Corp. 109,169 8,764,087 
Hess Corp. 6,419 411,586 
HollyFrontier Corp. 4,116 196,457 
Kinder Morgan, Inc. 48,939 972,418 
Marathon Oil Corp. 21,444 365,406 
Marathon Petroleum Corp. 17,815 1,084,399 
Noble Energy, Inc. 12,381 335,030 
Occidental Petroleum Corp. 19,470 1,146,394 
ONEOK, Inc. 10,608 720,601 
Phillips 66 Co. 10,940 1,031,314 
Pioneer Natural Resources Co. 4,396 731,758 
Targa Resources Corp. 5,855 235,078 
The Williams Companies, Inc. 31,215 884,321 
Valero Energy Corp. 10,942 992,002 
  30,427,557 
TOTAL ENERGY  33,437,941 
FINANCIALS - 13.2%   
Banks - 5.5%   
Bank of America Corp. 235,342 7,196,758 
BB&T Corp. 19,871 1,017,395 
Citigroup, Inc. 62,971 4,452,050 
Citizens Financial Group, Inc. 12,069 436,898 
Comerica, Inc. 4,174 328,035 
Fifth Third Bancorp 16,910 487,346 
First Republic Bank 4,222 445,928 
Huntington Bancshares, Inc. 27,387 381,227 
JPMorgan Chase & Co. 85,744 9,950,591 
KeyCorp 26,686 468,339 
M&T Bank Corp. 3,619 615,483 
PNC Financial Services Group, Inc. 11,897 1,629,056 
Regions Financial Corp. 26,676 414,278 
SunTrust Banks, Inc. 11,586 758,651 
SVB Financial Group (a) 1,374 345,863 
U.S. Bancorp 39,167 2,088,384 
Wells Fargo & Co. 109,238 5,288,212 
Zions Bancorp NA 4,975 245,417 
  36,549,911 
Capital Markets - 2.7%   
Ameriprise Financial, Inc. 3,594 527,491 
Bank of New York Mellon Corp. 23,455 1,164,775 
BlackRock, Inc. Class A 3,131 1,519,286 
Cboe Global Markets, Inc. 2,895 294,161 
Charles Schwab Corp. 30,991 1,418,768 
CME Group, Inc. 9,224 1,650,174 
E*TRADE Financial Corp. 6,564 332,532 
Franklin Resources, Inc. 7,674 265,444 
Goldman Sachs Group, Inc. 8,920 1,836,806 
IntercontinentalExchange, Inc. 14,684 1,194,543 
Moody's Corp. 4,298 845,073 
Morgan Stanley 33,709 1,626,459 
MSCI, Inc. 2,270 511,613 
Northern Trust Corp. 5,709 562,622 
Raymond James Financial, Inc. 3,332 305,111 
S&P Global, Inc. 6,469 1,427,450 
State Street Corp. 9,788 662,256 
T. Rowe Price Group, Inc. 6,206 667,145 
TD Ameritrade Holding Corp. 6,960 365,957 
The NASDAQ OMX Group, Inc. 2,959 272,820 
  17,450,486 
Consumer Finance - 0.7%   
Ally Financial, Inc. 10,675 317,154 
American Express Co. 18,060 2,117,174 
Capital One Financial Corp. 12,213 1,133,733 
Discover Financial Services 8,664 706,029 
Synchrony Financial 17,052 591,193 
  4,865,283 
Diversified Financial Services - 1.7%   
Berkshire Hathaway, Inc. Class B (a) 50,159 10,869,957 
Insurance - 2.5%   
AFLAC, Inc. 19,631 989,010 
Alleghany Corp. (a) 379 248,958 
Allstate Corp. 8,883 879,950 
American International Group, Inc. 22,813 1,085,214 
Aon PLC 6,210 1,118,669 
Arch Capital Group Ltd. (a) 10,438 352,596 
Arthur J. Gallagher & Co. 4,737 396,108 
Chubb Ltd. 11,881 1,725,121 
Cincinnati Financial Corp. 3,903 375,391 
Everest Re Group Ltd. 1,038 244,449 
FNF Group 7,106 283,885 
Hartford Financial Services Group, Inc. 9,255 484,129 
Lincoln National Corp. 5,512 367,761 
Loews Corp. 7,131 365,749 
Markel Corp. (a) 358 383,601 
Marsh & McLennan Companies, Inc. 12,988 1,224,639 
MetLife, Inc. 25,450 1,174,009 
Principal Financial Group, Inc. 6,790 388,116 
Progressive Corp. 15,036 1,175,063 
Prudential Financial, Inc. 10,651 1,125,917 
Reinsurance Group of America, Inc. 1,624 246,052 
The Travelers Companies, Inc. 6,831 981,956 
Torchmark Corp. 2,657 232,913 
Willis Group Holdings PLC 3,351 617,723 
  16,466,979 
Mortgage Real Estate Investment Trusts - 0.1%   
AGNC Investment Corp. 13,668 243,154 
Annaly Capital Management, Inc. 35,779 361,010 
  604,164 
TOTAL FINANCIALS  86,806,780 
HEALTH CARE - 13.4%   
Biotechnology - 2.3%   
AbbVie, Inc. 38,787 3,079,300 
Alexion Pharmaceuticals, Inc. (a) 5,753 783,156 
Amgen, Inc. 16,431 2,946,407 
Biogen, Inc. (a) 5,196 1,191,131 
BioMarin Pharmaceutical, Inc. (a) 4,591 392,668 
Celgene Corp. (a) 18,031 1,706,814 
Exact Sciences Corp. (a) 3,170 312,847 
Gilead Sciences, Inc. 33,357 2,169,539 
Incyte Corp. (a) 4,554 349,747 
Regeneron Pharmaceuticals, Inc. (a) 2,001 686,623 
Sarepta Therapeutics, Inc. (a) 1,710 199,967 
Vertex Pharmaceuticals, Inc. (a) 6,589 1,113,409 
  14,931,608 
Health Care Equipment & Supplies - 3.2%   
Abbott Laboratories 45,285 3,602,875 
Abiomed, Inc. (a) 1,162 322,350 
Align Technology, Inc. (a) 1,877 609,424 
Baxter International, Inc. 12,761 973,664 
Becton, Dickinson & Co. 6,917 1,665,199 
Boston Scientific Corp. (a) 35,681 1,324,479 
Danaher Corp. 15,903 2,106,193 
Dentsply Sirona, Inc. 5,742 293,588 
DexCom, Inc. (a) 2,291 277,371 
Edwards Lifesciences Corp. (a) 5,390 949,017 
Hologic, Inc. (a) 6,947 322,202 
IDEXX Laboratories, Inc. (a) 2,224 515,968 
Intuitive Surgical, Inc. (a) 2,945 1,503,805 
Medtronic PLC 34,630 3,075,490 
ResMed, Inc. 3,675 384,074 
STERIS PLC 2,182 285,798 
Stryker Corp. 8,008 1,512,791 
Teleflex, Inc. 1,186 339,409 
The Cooper Companies, Inc. 1,267 367,329 
Varian Medical Systems, Inc. (a) 2,351 320,136 
Zimmer Biomet Holdings, Inc. 5,260 647,822 
  21,398,984 
Health Care Providers & Services - 2.4%   
AmerisourceBergen Corp. 4,044 302,329 
Anthem, Inc. 6,669 1,754,147 
Cardinal Health, Inc. 7,684 374,288 
Centene Corp. (a) 10,591 546,072 
Cigna Corp. 9,818 1,559,491 
CVS Health Corp. 33,346 1,813,355 
HCA Holdings, Inc. 6,921 880,559 
Henry Schein, Inc. (a) 3,934 252,012 
Humana, Inc. 3,537 903,385 
Laboratory Corp. of America Holdings (a) 2,602 416,112 
McKesson Corp. 5,038 600,782 
Quest Diagnostics, Inc. 3,511 338,390 
UnitedHealth Group, Inc. 24,806 5,781,534 
Universal Health Services, Inc. Class B 2,200 279,114 
Wellcare Health Plans, Inc. (a) 1,289 333,013 
  16,134,583 
Health Care Technology - 0.1%   
Cerner Corp. (a) 8,497 564,626 
Veeva Systems, Inc. Class A (a) 3,141 439,332 
  1,003,958 
Life Sciences Tools & Services - 1.0%   
Agilent Technologies, Inc. 8,221 645,349 
Illumina, Inc. (a) 3,791 1,182,792 
IQVIA Holdings, Inc. (a) 4,085 567,407 
Mettler-Toledo International, Inc. (a) 646 481,438 
PerkinElmer, Inc. 2,874 275,444 
Thermo Fisher Scientific, Inc. 10,380 2,879,931 
Waters Corp. (a) 1,953 417,044 
  6,449,405 
Pharmaceuticals - 4.4%   
Allergan PLC 8,175 1,201,725 
Bristol-Myers Squibb Co. 42,088 1,954,146 
Eli Lilly & Co. 24,309 2,845,125 
Johnson & Johnson 69,154 9,764,545 
Merck & Co., Inc. 67,047 5,277,269 
Mylan NV (a) 13,298 358,913 
Pfizer, Inc. 149,045 6,052,717 
Zoetis, Inc. Class A 12,387 1,261,492 
  28,715,932 
TOTAL HEALTH CARE  88,634,470 
INDUSTRIALS - 9.1%   
Aerospace & Defense - 2.5%   
General Dynamics Corp. 7,182 1,283,567 
Harris Corp. 3,037 511,735 
Huntington Ingalls Industries, Inc. 1,097 244,170 
L3 Technologies, Inc. 2,031 443,936 
Lockheed Martin Corp. 6,382 2,127,312 
Northrop Grumman Corp. 4,478 1,298,217 
Raytheon Co. 7,341 1,303,688 
Spirit AeroSystems Holdings, Inc. Class A 2,706 235,151 
Textron, Inc. 6,275 332,575 
The Boeing Co. 13,619 5,143,760 
TransDigm Group, Inc. (a) 1,252 604,115 
United Technologies Corp. 20,930 2,984,827 
  16,513,053 
Air Freight & Logistics - 0.6%   
C.H. Robinson Worldwide, Inc. 3,551 287,631 
Expeditors International of Washington, Inc. 4,452 353,578 
FedEx Corp. 6,252 1,184,504 
United Parcel Service, Inc. Class B 17,926 1,904,100 
  3,729,813 
Airlines - 0.4%   
American Airlines Group, Inc. 10,574 361,419 
Delta Air Lines, Inc. 16,089 937,828 
Southwest Airlines Co. 13,051 707,756 
United Continental Holdings, Inc. (a) 5,902 524,452 
  2,531,455 
Building Products - 0.2%   
Johnson Controls International PLC 23,826 893,475 
Masco Corp. 7,887 308,066 
  1,201,541 
Commercial Services & Supplies - 0.3%   
Cintas Corp. 2,234 485,091 
Copart, Inc. (a) 5,311 357,537 
Republic Services, Inc. 5,608 464,455 
Waste Management, Inc. 10,114 1,085,637 
  2,392,720 
Electrical Equipment - 0.6%   
AMETEK, Inc. 5,984 527,609 
Eaton Corp. PLC 11,175 925,514 
Emerson Electric Co. 16,146 1,146,205 
Fortive Corp. 7,578 654,285 
Rockwell Automation, Inc. 3,112 562,370 
  3,815,983 
Industrial Conglomerates - 1.4%   
3M Co. 15,015 2,845,493 
General Electric Co. 224,286 2,280,989 
Honeywell International, Inc. 19,089 3,314,423 
Roper Technologies, Inc. 2,667 959,320 
  9,400,225 
Machinery - 1.4%   
Caterpillar, Inc. 15,217 2,121,554 
Cummins, Inc. 3,810 633,565 
Deere & Co. 8,295 1,373,901 
Dover Corp. 3,775 370,101 
IDEX Corp. 1,983 310,657 
Illinois Tool Works, Inc. 7,872 1,225,119 
Ingersoll-Rand PLC 6,335 776,734 
PACCAR, Inc. 9,012 645,890 
Parker Hannifin Corp. 3,414 618,207 
Snap-On, Inc. 1,422 239,294 
Stanley Black & Decker, Inc. 3,896 571,154 
Xylem, Inc. 4,635 386,559 
  9,272,735 
Professional Services - 0.4%   
CoStar Group, Inc. (a) 939 465,979 
Equifax, Inc. 3,111 391,830 
IHS Markit Ltd. (a) 9,253 529,827 
Nielsen Holdings PLC 9,063 231,378 
TransUnion Holding Co., Inc. 4,785 333,275 
Verisk Analytics, Inc. 4,246 599,280 
  2,551,569 
Road & Rail - 1.1%   
CSX Corp. 20,687 1,647,306 
J.B. Hunt Transport Services, Inc. 2,258 213,336 
Kansas City Southern 2,627 323,489 
Norfolk Southern Corp. 7,023 1,432,832 
Old Dominion Freight Lines, Inc. 1,671 249,447 
Union Pacific Corp. 18,999 3,363,583 
  7,229,993 
Trading Companies & Distributors - 0.2%   
Fastenal Co. 7,405 522,423 
United Rentals, Inc. (a) 2,094 295,086 
W.W. Grainger, Inc. 1,177 331,914 
  1,149,423 
TOTAL INDUSTRIALS  59,788,510 
INFORMATION TECHNOLOGY - 22.2%   
Communications Equipment - 1.2%   
Arista Networks, Inc. (a) 1,343 419,405 
Cisco Systems, Inc. 115,946 6,487,179 
F5 Networks, Inc. (a) 1,548 242,881 
Juniper Networks, Inc. 8,815 244,793 
Motorola Solutions, Inc. 4,220 611,520 
  8,005,778 
Electronic Equipment & Components - 0.6%   
Amphenol Corp. Class A 7,771 773,681 
CDW Corp. 3,869 408,566 
Corning, Inc. 20,644 657,511 
Keysight Technologies, Inc. (a) 4,833 420,616 
TE Connectivity Ltd. 8,847 846,216 
Trimble, Inc. (a) 6,487 264,799 
Zebra Technologies Corp. Class A (a) 1,389 293,273 
  3,664,662 
IT Services - 5.4%   
Accenture PLC Class A 16,437 3,002,547 
Akamai Technologies, Inc. (a) 4,206 336,732 
Automatic Data Processing, Inc. 11,287 1,855,470 
Broadridge Financial Solutions, Inc. 3,015 356,162 
Cognizant Technology Solutions Corp. Class A 14,933 1,089,512 
DXC Technology Co. 7,226 475,037 
Fidelity National Information Services, Inc. 8,446 979,145 
First Data Corp. Class A (a) 14,622 378,125 
Fiserv, Inc. (a) 10,276 896,478 
FleetCor Technologies, Inc. (a) 2,287 596,793 
Gartner, Inc. (a) 2,344 372,626 
Global Payments, Inc. 4,081 596,112 
GoDaddy, Inc. (a) 4,314 351,591 
IBM Corp. 23,434 3,287,087 
Jack Henry & Associates, Inc. 1,998 297,822 
Leidos Holdings, Inc. 3,824 280,988 
MasterCard, Inc. Class A 23,429 5,956,589 
Paychex, Inc. 8,242 694,883 
PayPal Holdings, Inc. (a) 30,384 3,426,404 
Square, Inc. (a) 7,953 579,137 
Total System Services, Inc. 4,331 442,801 
Twilio, Inc. Class A (a) 2,042 280,040 
VeriSign, Inc. (a) 2,743 541,605 
Visa, Inc. Class A 45,310 7,450,323 
Worldpay, Inc. (a) 7,784 912,363 
  35,436,372 
Semiconductors & Semiconductor Equipment - 3.9%   
Advanced Micro Devices, Inc. (a) 22,677 626,566 
Analog Devices, Inc. 9,543 1,109,278 
Applied Materials, Inc. 25,348 1,117,086 
Broadcom, Inc. 10,661 3,394,462 
Intel Corp. 117,683 6,006,540 
KLA-Tencor Corp. 3,947 503,164 
Lam Research Corp. 4,002 830,135 
Marvell Technology Group Ltd. 15,283 382,381 
Maxim Integrated Products, Inc. 7,145 428,700 
Microchip Technology, Inc. (b) 6,099 609,229 
Micron Technology, Inc. (a) 28,884 1,214,861 
NVIDIA Corp. 15,729 2,846,949 
Qualcomm, Inc. 31,256 2,692,079 
Skyworks Solutions, Inc. 4,579 403,776 
Texas Instruments, Inc. 24,767 2,918,296 
Xilinx, Inc. 6,524 783,793 
  25,867,295 
Software - 7.2%   
Adobe, Inc. (a) 12,588 3,641,079 
ANSYS, Inc. (a) 2,157 422,341 
Autodesk, Inc. (a) 5,649 1,006,708 
Cadence Design Systems, Inc. (a) 7,277 504,878 
Citrix Systems, Inc. 3,306 333,774 
Fortinet, Inc. (a) 3,735 348,924 
Intuit, Inc. 6,693 1,680,345 
Microsoft Corp. 199,293 26,027,666 
Oracle Corp. 65,707 3,635,568 
Palo Alto Networks, Inc. (a) 2,433 605,403 
Parametric Technology Corp. (a) 2,727 246,712 
Red Hat, Inc. (a) 4,559 832,154 
Salesforce.com, Inc. (a) 19,727 3,261,859 
ServiceNow, Inc. (a) 4,624 1,255,462 
Splunk, Inc. (a) 3,782 522,067 
SS&C Technologies Holdings, Inc. 5,554 375,784 
Symantec Corp. 16,480 398,981 
Synopsys, Inc. (a) 3,852 466,400 
Tableau Software, Inc. (a) 1,847 224,983 
Ultimate Software Group, Inc. (a) 799 264,189 
VMware, Inc. Class A 1,954 398,870 
Workday, Inc. Class A (a) 3,770 775,225 
  47,229,372 
Technology Hardware, Storage & Peripherals - 3.9%   
Apple, Inc. 116,243 23,326,483 
Hewlett Packard Enterprise Co. 36,696 580,164 
HP, Inc. 40,811 814,179 
NetApp, Inc. 6,496 473,234 
Seagate Technology LLC 6,717 324,565 
Western Digital Corp. 7,464 381,560 
  25,900,185 
TOTAL INFORMATION TECHNOLOGY  146,103,664 
MATERIALS - 2.5%   
Chemicals - 1.9%   
Air Products & Chemicals, Inc. 5,663 1,165,389 
Albemarle Corp. U.S. 2,744 205,965 
Celanese Corp. Class A 3,453 372,544 
CF Industries Holdings, Inc. 5,958 266,799 
Dow, Inc. (a) 19,726 1,119,056 
DowDuPont, Inc. 59,168 2,275,010 
Eastman Chemical Co. 3,580 282,390 
Ecolab, Inc. 6,557 1,207,013 
FMC Corp. 3,995 315,845 
International Flavors & Fragrances, Inc. (b) 2,614 360,183 
Linde PLC 14,210 2,561,495 
LyondellBasell Industries NV Class A 8,117 716,163 
PPG Industries, Inc. 6,189 727,208 
Sherwin-Williams Co. 2,125 966,514 
The Mosaic Co. 9,053 236,374 
  12,777,948 
Construction Materials - 0.1%   
Martin Marietta Materials, Inc. 1,619 359,256 
Vulcan Materials Co. 3,407 429,657 
  788,913 
Containers & Packaging - 0.3%   
Avery Dennison Corp. 2,214 244,979 
Ball Corp. 8,769 525,614 
International Paper Co. 10,471 490,148 
Packaging Corp. of America 2,413 239,273 
WestRock Co. 6,475 248,511 
  1,748,525 
Metals & Mining - 0.2%   
Freeport-McMoRan, Inc. 37,366 459,975 
Livent Corp. 3,165 34,119 
Newmont Goldcorp Corp. 13,735 426,609 
Nucor Corp. 8,095 461,982 
  1,382,685 
TOTAL MATERIALS  16,698,071 
REAL ESTATE - 2.9%   
Equity Real Estate Investment Trusts (REITs) - 2.8%   
Alexandria Real Estate Equities, Inc. 2,775 395,132 
American Tower Corp. 11,357 2,218,022 
AvalonBay Communities, Inc. 3,565 716,315 
Boston Properties, Inc. 3,985 548,416 
Camden Property Trust (SBI) 2,381 239,648 
Crown Castle International Corp. 10,698 1,345,594 
Digital Realty Trust, Inc. 5,320 626,217 
Duke Realty Corp. 9,286 288,980 
Equinix, Inc. 2,073 942,593 
Equity Lifestyle Properties, Inc. 2,293 267,593 
Equity Residential (SBI) 9,504 726,296 
Essex Property Trust, Inc. 1,704 481,380 
Extra Space Storage, Inc. 3,264 338,444 
Federal Realty Investment Trust (SBI) 1,888 252,709 
HCP, Inc. 12,319 366,860 
Host Hotels & Resorts, Inc. 19,149 368,427 
Iron Mountain, Inc. 7,311 237,461 
Mid-America Apartment Communities, Inc. 2,942 321,884 
Prologis, Inc. 16,235 1,244,737 
Public Storage 3,867 855,303 
Realty Income Corp. 7,611 532,846 
Regency Centers Corp. 4,386 294,608 
SBA Communications Corp. Class A (a) 2,923 595,503 
Simon Property Group, Inc. 7,976 1,385,431 
Sun Communities, Inc. 2,237 275,330 
UDR, Inc. 7,117 319,909 
Ventas, Inc. 9,194 561,845 
Vornado Realty Trust 4,472 309,194 
Welltower, Inc. 9,686 721,898 
Weyerhaeuser Co. 19,327 517,964 
WP Carey, Inc. 4,160 329,971 
  18,626,510 
Real Estate Management & Development - 0.1%   
CBRE Group, Inc. (a) 8,191 426,505 
TOTAL REAL ESTATE  19,053,015 
UTILITIES - 3.2%   
Electric Utilities - 1.9%   
Alliant Energy Corp. 6,038 285,175 
American Electric Power Co., Inc. 12,721 1,088,282 
Duke Energy Corp. 18,385 1,675,241 
Edison International 8,404 535,923 
Entergy Corp. 4,678 453,298 
Evergy, Inc. 6,798 393,060 
Eversource Energy 8,178 586,035 
Exelon Corp. 24,942 1,270,795 
FirstEnergy Corp. 12,538 526,972 
NextEra Energy, Inc. 12,325 2,396,473 
Pinnacle West Capital Corp. 2,866 273,044 
PPL Corp. 18,579 579,851 
Southern Co. 26,535 1,412,193 
Vistra Energy Corp. 10,148 276,533 
Xcel Energy, Inc. 13,264 749,416 
  12,502,291 
Gas Utilities - 0.1%   
Atmos Energy Corp. 3,030 310,090 
UGI Corp. 4,437 241,861 
  551,951 
Independent Power and Renewable Electricity Producers - 0.1%   
NRG Energy, Inc. 7,482 308,034 
The AES Corp. 17,105 292,838 
  600,872 
Multi-Utilities - 1.0%   
Ameren Corp. 6,302 458,597 
CenterPoint Energy, Inc. 12,932 400,892 
CMS Energy Corp. 7,316 406,404 
Consolidated Edison, Inc. 8,035 692,296 
Dominion Resources, Inc. 19,705 1,534,428 
DTE Energy Co. 4,694 590,083 
NiSource, Inc. 9,278 257,743 
Public Service Enterprise Group, Inc. 13,037 777,657 
Sempra Energy 7,058 903,071 
WEC Energy Group, Inc. 8,138 638,263 
  6,659,434 
Water Utilities - 0.1%   
American Water Works Co., Inc. 4,658 503,949 
TOTAL UTILITIES  20,818,497 
TOTAL COMMON STOCKS   
(Cost $605,412,952)  648,639,372 
Money Market Funds - 1.4%   
Fidelity Cash Central Fund, 2.49% (c) 7,719,116 7,720,660 
Fidelity Securities Lending Cash Central Fund 2.49% (c)(d) 1,753,978 1,754,154 
TOTAL MONEY MARKET FUNDS   
(Cost $9,474,744)  9,474,814 
TOTAL INVESTMENT IN SECURITIES - 99.8%   
(Cost $614,887,696)  658,114,186 
NET OTHER ASSETS (LIABILITIES) - 0.2%  990,093 
NET ASSETS - 100%  $659,104,279 

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) 71 June 2019 $10,467,175 $30,769 $30,769 

The notional amount of futures purchased as a percentage of Net Assets is 1.6%

Legend

 (a) Non-income producing

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

 (c) 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.

 (d) 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 $58,899 
Fidelity Securities Lending Cash Central Fund 10,962 
Total $69,861 

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 April 30, 2019, 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:     
Communication Services $66,615,965 $66,615,965 $-- $-- 
Consumer Discretionary 65,530,146 65,530,146 -- -- 
Consumer Staples 45,152,313 45,152,313 -- -- 
Energy 33,437,941 33,437,941 -- -- 
Financials 86,806,780 86,806,780 -- -- 
Health Care 88,634,470 88,634,470 -- -- 
Industrials 59,788,510 59,788,510 -- -- 
Information Technology 146,103,664 146,103,664 -- -- 
Materials 16,698,071 16,698,071 -- -- 
Real Estate 19,053,015 19,053,015 -- -- 
Utilities 20,818,497 20,818,497 -- -- 
Money Market Funds 9,474,814 9,474,814 -- -- 
Total Investments in Securities: $658,114,186 $658,114,186 $-- $-- 
Derivative Instruments:     
Assets     
Futures Contracts $30,769 $30,769 $-- $-- 
Total Assets $30,769 $30,769 $-- $-- 
Total Derivative Instruments: $30,769 $30,769 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2019. 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) $30,769 $0 
Total Equity Risk 30,769 
Total Value of Derivatives $30,769 $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 distributable earnings.

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


Fidelity ZERO℠ Large Cap Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $1,716,835) — See accompanying schedule:
Unaffiliated issuers (cost $605,412,952) 
$648,639,372  
Fidelity Central Funds (cost $9,474,744) 9,474,814  
Total Investment in Securities (cost $614,887,696)  $658,114,186 
Segregated cash with brokers for derivative instruments  75,600 
Cash  24 
Receivable for fund shares sold  9,119,745 
Dividends receivable  507,842 
Distributions receivable from Fidelity Central Funds  11,094 
Receivable for daily variation margin on futures contracts  4,101 
Total assets  667,832,592 
Liabilities   
Payable for investments purchased $6,808,626  
Payable for fund shares redeemed 165,437  
Other payables and accrued expenses 95  
Collateral on securities loaned 1,754,155  
Total liabilities  8,728,313 
Net Assets  $659,104,279 
Net Assets consist of:   
Paid in capital  $614,091,465 
Total distributable earnings (loss)  45,012,814 
Net Assets, for 64,530,129 shares outstanding  $659,104,279 
Net Asset Value, offering price and redemption price per share ($659,104,279 ÷ 64,530,129 shares)  $10.21 

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


Statement of Operations

  Six months ended April 30, 2019 (Unaudited) 
Investment Income   
Dividends  $3,287,067 
Interest  748 
Income from Fidelity Central Funds  69,861 
Total income  3,357,676 
Expenses   
Independent trustees' fees and expenses $636  
Total expenses before reductions 636  
Expense reductions (240)  
Total expenses after reductions  396 
Net investment income (loss)  3,357,280 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (809,671)  
Fidelity Central Funds (72)  
Futures contracts 193,644  
Total net realized gain (loss)  (616,099) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 48,278,090  
Fidelity Central Funds 70  
Futures contracts 20,447  
Total change in net unrealized appreciation (depreciation)  48,298,607 
Net gain (loss)  47,682,508 
Net increase (decrease) in net assets resulting from operations  $51,039,788 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2019 (Unaudited) For the period
September 13, 2018 (commencement of operations) to October 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $3,357,280 $98,470 
Net realized gain (loss) (616,099) (15,361) 
Change in net unrealized appreciation (depreciation) 48,298,607 (5,041,348) 
Net increase (decrease) in net assets resulting from operations 51,039,788 (4,958,239) 
Distributions to shareholders (1,065,835) – 
Share transactions   
Proceeds from sales of shares 546,316,586 113,838,139 
Reinvestment of distributions 1,028,110 – 
Cost of shares redeemed (43,388,874) (3,705,396) 
Net increase (decrease) in net assets resulting from share transactions 503,955,822 110,132,743 
Total increase (decrease) in net assets 553,929,775 105,174,504 
Net Assets   
Beginning of period 105,174,504 – 
End of period $659,104,279 $105,174,504 
Other Information   
Shares   
Sold 57,826,694 11,641,079 
Issued in reinvestment of distributions 116,259 – 
Redeemed (4,660,574) (393,329) 
Net increase (decrease) 53,282,379 11,247,750 

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


Financial Highlights

Fidelity ZERO Large Cap Index Fund

 Six months ended (Unaudited) April 30, Years endedOctober 31, 
 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.35 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .02 
Net realized and unrealized gain (loss) .82 (.67) 
Total from investment operations .91 (.65) 
Distributions from net investment income (.04) – 
Distributions from net realized gain (.01) – 
Total distributions (.05) – 
Net asset value, end of period $10.21 $9.35 
Total ReturnC,D 9.77% (6.50)% 
Ratios to Average Net AssetsE,F   
Expenses before reductionsG - %H - %H 
Expenses net of fee waivers, if anyG - %H - %H 
Expenses net of all reductionsG - %H - %H 
Net investment income (loss) 1.93%H 1.29%H 
Supplemental Data   
Net assets, end of period (000 omitted) $659,104 $105,175 
Portfolio turnover rateI 8%H 1%J 

 A For the period September 13, 2018 (commencement of operations) to October 31, 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. 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 Amount represents less than .005%.

 H Annualized

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

 J Amount not annualized.

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


Fidelity ZERO℠ Total Market Index Fund

Investment Summary (Unaudited)

Top Five Stocks as of April 30, 2019

 % of fund's net assets 
Microsoft Corp. 3.4 
Apple, Inc. 3.1 
Amazon.com, Inc. 2.7 
Facebook, Inc. Class A 1.6 
Berkshire Hathaway, Inc. Class B 1.4 
 12.2 

Top Five Market Sectors as of April 30, 2019

 % of fund's net assets 
Information Technology 21.4 
Financials 13.7 
Health Care 13.3 
Consumer Discretionary 10.5 
Industrials 10.2 

Asset Allocation (% of fund's net assets)

As of April 30, 2019* 
   Stocks and Equity Futures 100.0% 


 * Foreign investments - 3.7%

Fidelity ZERO℠ Total Market Index Fund

Schedule of Investments April 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%   
 Shares Value 
COMMUNICATION SERVICES - 9.3%   
Diversified Telecommunication Services - 1.7%   
AT&T, Inc. 772,141 $23,905,485 
Atn International, Inc. 1,077 65,751 
Bandwidth, Inc. (a) 559 42,160 
CenturyLink, Inc. 101,897 1,163,664 
Cincinnati Bell, Inc. (a) 4,439 39,507 
Cogent Communications Group, Inc. 4,712 260,244 
Consolidated Communications Holdings, Inc. 7,356 37,957 
Frontier Communications Corp. (a)(b) 9,720 27,702 
Globalstar, Inc. (a)(b) 58,839 31,449 
Intelsat SA (a) 7,051 142,712 
Iridium Communications, Inc. (a) 10,386 285,200 
ORBCOMM, Inc. (a) 6,810 49,304 
Pareteum Corp. (a) 5,219 23,799 
PDVWireless, Inc. (a) 838 33,352 
Verizon Communications, Inc. 438,358 25,069,694 
Vonage Holdings Corp. (a) 23,679 230,160 
WideOpenWest, Inc. (a) 2,004 16,012 
Zayo Group Holdings, Inc. (a) 21,318 667,040 
  52,091,192 
Entertainment - 1.6%   
Activision Blizzard, Inc. 81,069 3,908,336 
AMC Entertainment Holdings, Inc. Class A (b) 5,361 81,273 
Cinemark Holdings, Inc. 11,587 487,233 
Electronic Arts, Inc. (a) 32,120 3,040,158 
Glu Mobile, Inc. (a) 11,040 120,778 
Lions Gate Entertainment Corp.:   
Class A 10,403 151,780 
Class B 5,917 80,471 
Live Nation Entertainment, Inc. (a) 14,522 948,867 
Marcus Corp. 1,789 67,302 
Netflix, Inc. (a) 46,288 17,151,556 
Rosetta Stone, Inc. (a) 1,913 48,246 
Take-Two Interactive Software, Inc. (a) 12,123 1,173,870 
The Madison Square Garden Co. (a) 1,810 565,516 
The Walt Disney Co. 157,930 21,631,672 
Viacom, Inc.:   
Class A 5,619 194,698 
Class B (non-vtg.) 34,953 1,010,491 
World Wrestling Entertainment, Inc. Class A (b) 4,687 393,005 
Zynga, Inc. (a) 86,129 487,490 
  51,542,742 
Interactive Media & Services - 4.3%   
Alphabet, Inc.:   
Class A (a) 31,600 37,887,136 
Class C (a) 32,750 38,922,720 
ANGI Homeservices, Inc. Class A (a) 6,668 115,890 
Care.com, Inc. (a) 2,263 37,905 
CarGurus, Inc. Class A (a) 3,353 136,601 
Facebook, Inc. Class A (a) 254,871 49,292,051 
IAC/InterActiveCorp (a) 8,282 1,862,125 
Liberty TripAdvisor Holdings, Inc. (a) 7,775 114,604 
Match Group, Inc. (b) 5,504 332,442 
MeetMe, Inc. (a) 6,032 33,538 
QuinStreet, Inc. (a) 3,684 52,571 
Snap, Inc. Class A (a)(b) 73,935 823,636 
TripAdvisor, Inc. (a) 11,053 588,351 
TrueCar, Inc. (a) 8,137 52,402 
Twitter, Inc. (a) 76,840 3,066,684 
Yelp, Inc. (a) 7,878 315,593 
Zillow Group, Inc.:   
Class A (a) 6,399 212,511 
Class C (a)(b) 11,275 376,585 
  134,223,345 
Media - 1.6%   
Altice U.S.A., Inc. Class A 12,397 292,073 
AMC Networks, Inc. Class A (a) 4,721 275,754 
Cable One, Inc. 519 550,415 
CBS Corp. Class B 35,928 1,842,029 
Charter Communications, Inc. Class A (a) 18,697 6,940,139 
Comcast Corp. Class A 481,620 20,964,919 
comScore, Inc. (a) 4,092 51,355 
Discovery Communications, Inc.:   
Class A (a)(b) 17,720 547,548 
Class C (non-vtg.) (a) 37,392 1,075,394 
DISH Network Corp. Class A (a) 24,130 847,446 
E.W. Scripps Co. Class A 5,882 134,051 
Emerald Expositions Events, Inc. 2,224 31,247 
Entercom Communications Corp. Class A 13,343 91,800 
Entravision Communication Corp. Class A 5,721 16,419 
Fluent, Inc. (a) 3,149 22,137 
Fox Corp.:   
Class A (a) 37,764 1,472,418 
Class B (a) 17,058 656,733 
Gannett Co., Inc. 12,050 112,427 
GCI Liberty, Inc. (a) 10,462 623,744 
Gray Television, Inc. (a) 8,123 190,322 
Interpublic Group of Companies, Inc. 40,135 923,105 
John Wiley & Sons, Inc. Class A 4,935 227,898 
Liberty Broadband Corp.:   
Class A (a) 5,352 526,583 
Class C (a) 13,512 1,333,770 
Liberty Global PLC:   
Class A (a) 24,493 661,556 
Class C (a) 60,070 1,570,831 
Liberty Latin America Ltd.:   
Class A (a) 4,287 89,727 
Class C (a) 13,269 276,526 
Liberty Media Corp.:   
Liberty Braves Class C (a) 4,026 113,332 
Liberty Formula One Group Series C (a) 21,289 826,226 
Liberty Media Class A (a) 2,843 107,352 
Liberty SiriusXM Series A (a) 10,065 401,996 
Liberty SiriusXM Series C (a) 15,312 614,930 
Loral Space & Communications Ltd. (a) 1,102 40,576 
Meredith Corp. 4,266 251,694 
MSG Network, Inc. Class A (a) 6,266 144,306 
National CineMedia, Inc. 5,838 40,749 
New Media Investment Group, Inc. 7,503 80,207 
News Corp.:   
Class A 30,752 381,940 
Class B 22,426 280,101 
Nexstar Broadcasting Group, Inc. Class A 4,811 563,128 
Omnicom Group, Inc. 23,879 1,911,036 
Scholastic Corp. 3,130 124,824 
Sinclair Broadcast Group, Inc. Class A 7,607 348,325 
Sirius XM Holdings, Inc. (b) 135,176 785,373 
TechTarget, Inc. (a) 2,005 33,463 
Tegna, Inc. 22,802 363,008 
The New York Times Co. Class A 15,250 505,538 
Tribune Media Co. Class A 8,348 385,678 
tronc, Inc. (a) 2,411 25,942 
  50,678,090 
Wireless Telecommunication Services - 0.1%   
Boingo Wireless, Inc. (a) 4,322 98,282 
Gogo, Inc. (a)(b) 5,407 28,441 
NII Holdings, Inc. (a) 8,741 17,132 
Shenandoah Telecommunications Co. 5,278 218,140 
Spok Holdings, Inc. 3,634 50,331 
T-Mobile U.S., Inc. (a) 33,157 2,420,129 
Telephone & Data Systems, Inc. 9,792 312,169 
U.S. Cellular Corp. (a) 1,352 65,031 
Vobile Group Ltd. (a) 26,000 8,982 
  3,218,637 
TOTAL COMMUNICATION SERVICES  291,754,006 
CONSUMER DISCRETIONARY - 10.5%   
Auto Components - 0.3%   
Adient PLC 9,172 211,873 
American Axle & Manufacturing Holdings, Inc. (a) 11,652 171,867 
Aptiv PLC 28,040 2,403,028 
Autoliv, Inc. (b) 9,185 720,931 
BorgWarner, Inc. 21,974 917,854 
Cooper Tire& Rubber Co. 5,497 164,140 
Cooper-Standard Holding, Inc. (a) 1,806 91,510 
Dana Holding Corp. 15,366 299,637 
Delphi Technologies PLC 9,392 207,845 
Dorman Products, Inc. (a) 3,071 269,235 
Fox Factory Holding Corp. (a) 4,078 316,453 
Garrett Motion, Inc. (a) 7,501 141,019 
Gentex Corp. 27,799 640,211 
Gentherm, Inc. (a) 3,632 153,852 
LCI Industries 2,654 233,154 
Lear Corp. 6,876 983,268 
Modine Manufacturing Co. (a) 4,983 73,699 
Motorcar Parts of America, Inc. (a) 1,715 35,432 
Standard Motor Products, Inc. 1,879 93,894 
Stoneridge, Inc. (a) 2,935 92,247 
Superior Industries International, Inc. 2,407 11,915 
Tenneco, Inc. 5,627 123,344 
The Goodyear Tire & Rubber Co. 24,248 465,804 
Tower International, Inc. 1,817 42,409 
Veoneer, Inc. (a)(b) 9,234 203,794 
Visteon Corp. (a) 2,931 193,505 
  9,261,920 
Automobiles - 0.5%   
Ford Motor Co. 415,031 4,337,074 
General Motors Co. 139,307 5,426,008 
Harley-Davidson, Inc. 17,263 642,701 
REV Group, Inc. 2,963 37,600 
Tesla, Inc. (a)(b) 14,420 3,441,910 
Thor Industries, Inc. 5,390 355,039 
Winnebago Industries, Inc. 3,112 110,071 
  14,350,403 
Distributors - 0.1%   
Core-Mark Holding Co., Inc. 4,898 178,042 
Genuine Parts Co. 15,659 1,605,674 
LKQ Corp. (a) 33,380 1,004,738 
Pool Corp. 4,268 784,202 
  3,572,656 
Diversified Consumer Services - 0.2%   
Adtalem Global Education, Inc. (a) 6,142 302,923 
American Public Education, Inc. (a) 1,408 45,056 
Bright Horizons Family Solutions, Inc. (a) 6,148 787,866 
Career Education Corp. (a) 7,121 129,246 
Carriage Services, Inc. 1,406 24,675 
Chegg, Inc. (a) 11,167 398,104 
Frontdoor, Inc. (a) 6,976 245,834 
Graham Holdings Co. 466 346,438 
Grand Canyon Education, Inc. (a) 5,071 587,678 
H&R Block, Inc. 21,424 582,947 
Houghton Mifflin Harcourt Co. (a) 10,522 75,022 
K12, Inc. (a) 3,779 113,823 
Laureate Education, Inc. Class A (a) 6,985 109,944 
Regis Corp. (a) 3,565 66,737 
Service Corp. International 19,412 807,733 
ServiceMaster Global Holdings, Inc. (a) 14,277 700,001 
Sotheby's Class A (Ltd. vtg.) (a) 3,340 140,881 
Strategic Education, Inc. 2,283 327,268 
Weight Watchers International, Inc. (a) 4,275 87,296 
Zovio, Inc. (a) 2,591 15,598 
  5,895,070 
Hotels, Restaurants & Leisure - 2.1%   
ARAMARK Holdings Corp. 25,967 807,054 
BFC Financial Corp. Class A 10,770 59,666 
BJ's Restaurants, Inc. 2,409 120,233 
Bloomin' Brands, Inc. 10,443 208,756 
Boyd Gaming Corp. 8,645 248,803 
Brinker International, Inc. 3,924 167,829 
Caesars Entertainment Corp. (a)(b) 61,688 577,400 
Carnival Corp. 42,336 2,322,553 
Carrols Restaurant Group, Inc. (a) 3,595 35,267 
Chipotle Mexican Grill, Inc. (a) 2,602 1,790,280 
Choice Hotels International, Inc. 3,952 328,174 
Churchill Downs, Inc. 3,718 374,960 
Chuy's Holdings, Inc. (a) 1,498 29,795 
Cracker Barrel Old Country Store, Inc. (b) 2,598 438,387 
Darden Restaurants, Inc. 13,169 1,548,674 
Dave & Buster's Entertainment, Inc. 4,057 230,600 
Del Frisco's Restaurant Group, Inc. (a) 3,399 22,773 
Del Taco Restaurants, Inc. (a) 3,257 32,733 
Denny's Corp. (a) 6,256 116,487 
Dine Brands Global, Inc. 1,813 160,741 
Domino's Pizza, Inc. 4,452 1,204,622 
Drive Shack, Inc. (a) 5,409 27,802 
Dunkin' Brands Group, Inc. 8,968 669,282 
El Pollo Loco Holdings, Inc. (a) 1,746 22,314 
Eldorado Resorts, Inc. (a)(b) 6,701 330,828 
Extended Stay America, Inc. unit 19,878 356,015 
Fiesta Restaurant Group, Inc. (a) 2,288 28,966 
Golden Entertainment, Inc. (a) 1,801 28,330 
Habit Restaurants, Inc. Class A (a) 1,875 19,988 
Hilton Grand Vacations, Inc. (a) 10,070 322,643 
Hilton Worldwide Holdings, Inc. 31,376 2,729,398 
Hyatt Hotels Corp. Class A 4,554 349,428 
International Speedway Corp. Class A 2,743 121,021 
Jack in the Box, Inc. 2,859 220,429 
Las Vegas Sands Corp. 39,120 2,622,996 
Lindblad Expeditions Holdings (a) 4,382 71,032 
Marriott International, Inc. Class A 30,052 4,099,694 
Marriott Vacations Worldwide Corp. 4,290 453,153 
McDonald's Corp. 81,739 16,149,174 
MGM Mirage, Inc. 53,201 1,416,743 
Monarch Casino & Resort, Inc. (a) 1,420 60,620 
Noodles & Co. (a) 3,596 25,711 
Norwegian Cruise Line Holdings Ltd. (a) 23,469 1,323,417 
Papa John's International, Inc. (b) 2,251 115,161 
Penn National Gaming, Inc. (a) 11,585 251,047 
Planet Fitness, Inc. (a) 9,283 702,723 
Playa Hotels & Resorts NV (a) 4,759 38,072 
PlayAGS, Inc. (a) 1,999 48,216 
Potbelly Corp. (a) 3,003 26,727 
Red Robin Gourmet Burgers, Inc. (a) 1,319 42,248 
Red Rock Resorts, Inc. 7,119 192,071 
Royal Caribbean Cruises Ltd. 18,145 2,194,456 
Ruth's Hospitality Group, Inc. 2,592 67,340 
Scientific Games Corp. Class A (a)(b) 5,759 133,206 
SeaWorld Entertainment, Inc. (a) 7,156 190,493 
Shake Shack, Inc. Class A (a) 2,835 173,786 
Six Flags Entertainment Corp. 7,760 411,978 
Starbucks Corp. 131,528 10,217,095 
Texas Roadhouse, Inc. Class A 6,981 377,044 
The Cheesecake Factory, Inc. 4,557 226,118 
U.S. Foods Holding Corp. (a) 22,876 836,118 
Vail Resorts, Inc. 4,299 983,826 
Wendy's Co. 19,515 363,174 
Wingstop, Inc. 3,224 242,670 
Wyndham Destinations, Inc. 10,399 452,980 
Wyndham Hotels & Resorts, Inc. 10,378 578,262 
Wynn Resorts Ltd. 10,416 1,504,591 
Yum! Brands, Inc. 33,087 3,453,952 
  66,098,125 
Household Durables - 0.4%   
Beazer Homes U.S.A., Inc. (a) 3,306 43,937 
Cavco Industries, Inc. (a) 839 104,682 
Century Communities, Inc. (a) 2,541 64,618 
D.R. Horton, Inc. 36,426 1,614,036 
Ethan Allen Interiors, Inc. 3,712 82,035 
Garmin Ltd. 12,858 1,102,445 
GoPro, Inc. Class A (a)(b) 11,902 70,341 
Helen of Troy Ltd. (a) 2,802 403,488 
Hooker Furniture Corp. 1,528 45,550 
Hovnanian Enterprises, Inc. Class A (a) 462 7,032 
Installed Building Products, Inc. (a) 2,205 105,906 
iRobot Corp. (a)(b) 2,869 297,056 
KB Home 9,214 238,735 
La-Z-Boy, Inc. 4,975 163,180 
Leggett & Platt, Inc. 14,229 560,053 
Lennar Corp.:   
Class A 27,857 1,449,400 
Class B 5,967 248,943 
LGI Homes, Inc. (a)(b) 1,893 131,204 
Libbey, Inc. (a) 1,607 4,018 
Lovesac (a) 527 20,761 
M.D.C. Holdings, Inc. 5,196 158,790 
M/I Homes, Inc. (a) 2,619 73,777 
Meritage Homes Corp. (a) 3,886 198,769 
Mohawk Industries, Inc. (a) 6,639 904,564 
Newell Brands, Inc. 45,328 651,817 
NVR, Inc. (a) 358 1,128,588 
PulteGroup, Inc. 27,755 873,172 
Roku, Inc. Class A (a)(b) 5,394 343,004 
Skyline Champion Corp. 4,158 87,775 
Taylor Morrison Home Corp. (a) 12,267 237,489 
Tempur Sealy International, Inc. (a) 4,801 294,781 
Toll Brothers, Inc. 14,366 547,345 
TopBuild Corp. (a) 3,697 263,337 
TRI Pointe Homes, Inc. (a) 15,427 201,322 
Tupperware Brands Corp. 4,930 117,334 
Turtle Beach Corp. (a) 670 6,861 
Universal Electronics, Inc. (a) 1,603 60,994 
Vuzix Corp. (a)(b) 2,780 6,589 
Whirlpool Corp. 6,747 936,619 
William Lyon Homes, Inc. (a) 3,006 50,681 
Zagg, Inc. (a) 2,551 21,020 
  13,922,048 
Internet & Direct Marketing Retail - 3.3%   
1-800-FLOWERS.com, Inc. Class A (a) 2,042 43,474 
Amazon.com, Inc. (a) 43,574 83,946,182 
Blue Apron Holdings, Inc. Class A (a) 545 561 
Duluth Holdings, Inc. (a) 973 15,490 
eBay, Inc. 96,241 3,729,339 
Etsy, Inc. (a) 12,862 868,699 
Expedia, Inc. 12,612 1,637,542 
Gaia, Inc. Class A (a) 1,284 13,585 
Groupon, Inc. (a) 40,315 141,909 
GrubHub, Inc. (a)(b) 9,597 640,984 
Lands' End, Inc. (a) 1,426 24,969 
Liberty Expedia Holdings, Inc. (a) 5,642 261,902 
Liberty Interactive Corp. QVC Group Series A (a) 43,986 749,961 
Overstock.com, Inc. (a)(b) 1,968 25,938 
PetMed Express, Inc. (b) 2,155 47,087 
Quotient Technology, Inc. (a) 7,010 65,123 
Shutterfly, Inc. (a) 3,410 149,460 
Shutterstock, Inc. 1,911 77,300 
Stamps.com, Inc. (a) 1,823 156,413 
Stitch Fix, Inc. (a)(b) 2,563 68,304 
The Booking Holdings, Inc. (a) 4,918 9,122,841 
Wayfair LLC Class A (a) 6,508 1,055,272 
  102,842,335 
Leisure Products - 0.1%   
Acushnet Holdings Corp. 4,120 103,865 
American Outdoor Brands Corp. (a) 5,061 49,851 
Brunswick Corp. 9,151 468,623 
Callaway Golf Co. 8,444 148,277 
Clarus Corp. 4,874 65,409 
Hasbro, Inc. 12,343 1,257,258 
Johnson Outdoors, Inc. Class A 525 40,252 
Malibu Boats, Inc. Class A (a) 2,216 92,230 
Mattel, Inc. (a)(b) 37,095 452,188 
MCBC Holdings, Inc. (a) 2,301 56,927 
Nautilus, Inc. (a) 2,881 15,413 
Polaris Industries, Inc. 6,118 589,775 
Sturm, Ruger & Co., Inc. 2,010 112,540 
Vista Outdoor, Inc. (a) 6,681 57,657 
  3,510,265 
Multiline Retail - 0.4%   
Big Lots, Inc. 4,195 155,886 
Dillard's, Inc. Class A 1,847 126,427 
Dollar General Corp. 27,888 3,516,398 
Dollar Tree, Inc. (a) 25,280 2,813,158 
JC Penney Corp., Inc. (a) 26,698 36,576 
Kohl's Corp. 17,649 1,254,844 
Macy's, Inc. 32,278 759,824 
Nordstrom, Inc. 11,859 486,456 
Ollie's Bargain Outlet Holdings, Inc. (a) 5,414 517,795 
Target Corp. 55,451 4,293,016 
  13,960,380 
Specialty Retail - 2.3%   
Aaron's, Inc. Class A 7,642 425,583 
Abercrombie & Fitch Co. Class A 7,006 209,409 
Advance Auto Parts, Inc. 7,777 1,293,471 
America's Car Mart, Inc. (a) 646 63,986 
American Eagle Outfitters, Inc. 18,292 434,984 
Armstrong Flooring, Inc. (a) 5,015 72,667 
Asbury Automotive Group, Inc. (a) 2,047 164,128 
Ascena Retail Group, Inc. (a) 13,633 16,223 
At Home Group, Inc. (a) 2,996 70,376 
AutoNation, Inc. (a) 5,847 245,165 
AutoZone, Inc. (a) 2,668 2,743,531 
Barnes & Noble Education, Inc. (a) 2,525 10,858 
Barnes & Noble, Inc. 5,107 25,688 
Bed Bath & Beyond, Inc. (b) 14,221 237,633 
Best Buy Co., Inc. 24,762 1,842,540 
Boot Barn Holdings, Inc. (a) 2,990 86,082 
Burlington Stores, Inc. (a) 7,181 1,212,943 
Caleres, Inc. 4,721 123,832 
Camping World Holdings, Inc. (b) 3,572 53,294 
CarMax, Inc. (a)(b) 18,521 1,442,045 
Cars.com, Inc. (a) 8,435 175,532 
Carvana Co. Class A (a)(b) 3,465 247,955 
Chico's FAS, Inc. 11,752 41,132 
Citi Trends, Inc. 1,141 21,120 
Conn's, Inc. (a) 2,374 61,415 
Dick's Sporting Goods, Inc. 7,906 292,522 
DSW, Inc. Class A 6,827 151,901 
Express, Inc. (a) 5,005 18,418 
Five Below, Inc. (a) 5,857 857,406 
Floor & Decor Holdings, Inc. Class A (a)(b) 6,096 292,730 
Foot Locker, Inc. 12,135 694,243 
GameStop Corp. Class A 10,982 94,994 
Gap, Inc. 22,978 599,266 
Genesco, Inc. (a) 1,911 85,632 
GNC Holdings, Inc. Class A (a)(b) 7,483 16,612 
Group 1 Automotive, Inc. 1,964 153,801 
Guess?, Inc. 6,301 128,351 
Haverty Furniture Companies, Inc. 2,853 67,958 
Hibbett Sports, Inc. (a) 1,731 35,832 
Home Depot, Inc. 119,784 24,400,001 
Kirkland's, Inc. (a) 1,629 9,579 
L Brands, Inc. 23,987 615,027 
Lithia Motors, Inc. Class A (sub. vtg.) 2,480 281,530 
Lowe's Companies, Inc. 85,228 9,642,696 
Lumber Liquidators Holdings, Inc. (a)(b) 2,673 35,337 
MarineMax, Inc. (a) 1,998 34,545 
Michaels Companies, Inc. (a) 9,633 108,275 
Monro, Inc. (b) 3,580 300,111 
Murphy U.S.A., Inc. (a) 3,304 282,393 
O'Reilly Automotive, Inc. (a) 8,481 3,210,652 
Office Depot, Inc. 55,270 132,648 
Party City Holdco, Inc. (a) 5,084 34,063 
Penske Automotive Group, Inc. 3,961 181,889 
Rent-A-Center, Inc. (a) 5,059 126,121 
RH (a) 2,012 214,701 
Ross Stores, Inc. 39,609 3,868,215 
Sally Beauty Holdings, Inc. (a) 12,523 221,657 
Shoe Carnival, Inc. 1,012 36,088 
Signet Jewelers Ltd. 5,781 134,004 
Sleep Number Corp. (a) 3,624 126,115 
Sonic Automotive, Inc. Class A (sub. vtg.) 3,804 76,955 
Sportsman's Warehouse Holdings, Inc. (a) 3,215 14,339 
Tailored Brands, Inc. 4,279 34,874 
The Buckle, Inc. (b) 2,497 46,145 
The Cato Corp. Class A (sub. vtg.) 2,027 30,729 
The Children's Place Retail Stores, Inc. (b) 1,625 183,333 
The Container Store Group, Inc. (a) 1,909 16,494 
Tiffany & Co., Inc. 11,538 1,244,027 
Tile Shop Holdings, Inc. 7,075 34,385 
Tilly's, Inc. 1,920 22,579 
TJX Companies, Inc. 131,203 7,200,421 
Tractor Supply Co. 13,019 1,347,467 
Ulta Beauty, Inc. (a) 5,988 2,089,692 
Urban Outfitters, Inc. (a) 8,003 237,929 
Williams-Sonoma, Inc. (b) 8,449 483,029 
Zumiez, Inc. (a) 1,601 42,635 
  71,911,938 
Textiles, Apparel & Luxury Goods - 0.8%   
Capri Holdings Ltd. (a) 15,875 699,770 
Carter's, Inc. 4,957 524,996 
Columbia Sportswear Co. 3,076 307,508 
Crocs, Inc. (a) 7,265 202,330 
Deckers Outdoor Corp. (a) 3,131 495,356 
Fossil Group, Inc. (a)(b) 4,081 53,339 
G-III Apparel Group Ltd. (a) 4,535 195,685 
Hanesbrands, Inc. 37,951 685,775 
J.Jill, Inc. 1,093 6,132 
lululemon athletica, Inc. (a) 11,207 1,976,354 
Movado Group, Inc. 1,744 62,174 
NIKE, Inc. Class B 135,009 11,857,840 
Oxford Industries, Inc. 1,919 159,392 
PVH Corp. 8,085 1,042,884 
Ralph Lauren Corp. 5,755 757,243 
Rocky Brands, Inc. 723 18,444 
Samsonite International SA (c) 151,500 434,524 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) 14,481 458,468 
Steven Madden Ltd. 8,806 320,098 
Tapestry, Inc. 30,533 985,300 
Under Armour, Inc.:   
Class A (sub. vtg.) (a)(b) 20,687 477,663 
Class C (non-vtg.) (a) 19,070 395,130 
Unifi, Inc. (a) 1,529 30,886 
Vera Bradley, Inc. (a) 2,235 27,446 
VF Corp. 34,498 3,256,956 
Wolverine World Wide, Inc. 10,119 372,480 
  25,804,173 
TOTAL CONSUMER DISCRETIONARY  331,129,313 
CONSUMER STAPLES - 6.4%   
Beverages - 1.5%   
Boston Beer Co., Inc. Class A (a) 920 285,209 
Brown-Forman Corp. Class B (non-vtg.) 17,413 927,939 
Coca-Cola Bottling Co. Consolidated 489 158,940 
Constellation Brands, Inc. Class A (sub. vtg.) 17,644 3,734,705 
Craft Brew Alliance, Inc. (a) 2,911 41,074 
MGP Ingredients, Inc. 1,370 120,382 
Molson Coors Brewing Co. Class B 19,844 1,273,786 
Monster Beverage Corp. (a) 42,121 2,510,412 
National Beverage Corp. (b) 1,285 71,960 
PepsiCo, Inc. 149,593 19,155,384 
Primo Water Corp. (a) 3,214 50,621 
The Coca-Cola Co. 406,298 19,932,980 
  48,263,392 
Food & Staples Retailing - 1.3%   
Andersons, Inc. 3,007 98,329 
BJ's Wholesale Club Holdings, Inc. 7,119 201,824 
Casey's General Stores, Inc. 3,952 523,047 
Chefs' Warehouse Holdings (a) 2,668 87,190 
Costco Wholesale Corp. 46,489 11,414,444 
Ingles Markets, Inc. Class A 1,452 39,857 
Kroger Co. 84,471 2,177,662 
Natural Grocers by Vitamin Cottage, Inc. (a) 957 11,848 
Performance Food Group Co. (a) 11,338 464,291 
PriceSmart, Inc. 2,302 137,683 
Rite Aid Corp. (a)(b) 4,963 45,461 
Smart & Final Stores, Inc. (a) 1,840 12,015 
SpartanNash Co. 4,143 66,992 
Sprouts Farmers Market LLC (a) 13,184 282,401 
Sysco Corp. 50,731 3,569,940 
United Natural Foods, Inc. (a) 4,793 61,926 
Walgreens Boots Alliance, Inc. 85,431 4,576,539 
Walmart, Inc. 150,962 15,524,932 
Weis Markets, Inc. 1,938 81,493 
  39,377,874 
Food Products - 1.2%   
Archer Daniels Midland Co. 59,515 2,654,369 
B&G Foods, Inc. Class A (b) 7,051 183,326 
Bunge Ltd. 14,848 778,184 
Cal-Maine Foods, Inc. 3,384 139,116 
Calavo Growers, Inc. 1,681 161,057 
Campbell Soup Co. 20,490 792,758 
Conagra Brands, Inc. 51,295 1,578,860 
Darling International, Inc. (a) 17,339 378,164 
Dean Foods Co. 7,969 13,547 
Farmer Brothers Co. (a) 2,389 48,162 
Flowers Foods, Inc. 18,718 406,929 
Fresh Del Monte Produce, Inc. 3,408 100,570 
Freshpet, Inc. (a) 2,595 115,893 
General Mills, Inc. 63,287 3,257,382 
Hormel Foods Corp. 29,051 1,160,297 
Hostess Brands, Inc. Class A (a) 10,808 144,827 
Ingredion, Inc. 7,403 701,434 
J&J Snack Foods Corp. 1,641 257,932 
John B. Sanfilippo & Son, Inc. 1,123 80,980 
Kellogg Co. 26,922 1,623,397 
Lamb Weston Holdings, Inc. 15,666 1,097,403 
Lancaster Colony Corp. 2,009 298,758 
Limoneira Co. 1,406 32,113 
McCormick & Co., Inc. (non-vtg.) 12,868 1,981,286 
Mondelez International, Inc. 153,813 7,821,391 
nLIGHT, Inc. (a) 300 7,839 
Pilgrim's Pride Corp. (a) 5,710 153,656 
Post Holdings, Inc. (a) 6,975 786,641 
Sanderson Farms, Inc. 2,127 322,517 
Seaboard Corp. 26 116,885 
The Hain Celestial Group, Inc. (a) 9,387 204,824 
The Hershey Co. 14,838 1,852,524 
The J.M. Smucker Co. 12,098 1,483,578 
The Kraft Heinz Co. 66,104 2,197,297 
The Simply Good Foods Co. (a) 5,144 115,534 
Tootsie Roll Industries, Inc. 2,004 77,815 
TreeHouse Foods, Inc. (a) 5,793 388,015 
Tyson Foods, Inc. Class A 31,168 2,337,912 
  35,853,172 
Household Products - 1.4%   
Central Garden & Pet Co. (a) 1,531 41,306 
Central Garden & Pet Co. Class A (non-vtg.) (a) 3,439 84,187 
Church & Dwight Co., Inc. 26,043 1,951,923 
Clorox Co. 13,559 2,165,779 
Colgate-Palmolive Co. 91,927 6,691,366 
Energizer Holdings, Inc. 6,628 317,415 
Funko, Inc. (a) 933 18,501 
Kimberly-Clark Corp. 36,786 4,722,587 
Procter & Gamble Co. 264,200 28,132,016 
Spectrum Brands Holdings, Inc. (b) 4,683 288,332 
WD-40 Co. 1,493 251,197 
  44,664,609 
Personal Products - 0.2%   
Avon Products, Inc. (a) 44,266 140,766 
Coty, Inc. Class A (b) 47,124 509,882 
Edgewell Personal Care Co. (a) 5,913 243,793 
elf Beauty, Inc. (a) 2,654 33,945 
Estee Lauder Companies, Inc. Class A 23,351 4,011,935 
Herbalife Nutrition Ltd. (a) 11,321 598,315 
Inter Parfums, Inc. 1,753 127,075 
MediFast, Inc. 1,257 184,389 
Natural Health Trends Corp. 523 6,046 
Nu Skin Enterprises, Inc. Class A 5,980 304,203 
USANA Health Sciences, Inc. (a) 1,425 118,931 
  6,279,280 
Tobacco - 0.8%   
22nd Century Group, Inc. (a)(b) 11,725 25,678 
Altria Group, Inc. 199,531 10,840,519 
Philip Morris International, Inc. 164,984 14,281,015 
Pyxus International, Inc. (a) 724 16,529 
Turning Point Brands, Inc. 761 32,548 
Universal Corp. 2,367 127,487 
Vector Group Ltd. 11,603 110,577 
  25,434,353 
TOTAL CONSUMER STAPLES  199,872,680 
ENERGY - 4.9%   
Energy Equipment & Services - 0.6%   
Archrock, Inc. 16,759 169,433 
Baker Hughes, a GE Co. Class A 53,890 1,294,438 
Basic Energy Services, Inc. (a) 2,045 5,153 
Bristow Group, Inc. (a)(b) 1,523 769 
C&J Energy Services, Inc. (a) 7,225 101,511 
Carbo Ceramics, Inc. (a) 2,267 6,166 
Core Laboratories NV 4,827 305,984 
Diamond Offshore Drilling, Inc. (a)(b) 5,909 57,376 
Dmc Global, Inc. 1,482 102,703 
Dril-Quip, Inc. (a) 4,373 190,488 
Ensco PLC Class A 11,683 163,212 
Exterran Corp. (a) 4,471 63,578 
Forum Energy Technologies, Inc. (a) 6,813 40,742 
Frank's International NV (a) 8,675 50,662 
FTS International, Inc. (a) 2,683 27,769 
Halliburton Co. 92,441 2,618,854 
Helix Energy Solutions Group, Inc. (a) 13,570 106,117 
Helmerich & Payne, Inc. 11,459 670,581 
ION Geophysical Corp. (a) 1,017 13,007 
KLX Energy Services Holdings, Inc. (a) 2,412 67,657 
Liberty Oilfield Services, Inc. Class A (b) 3,393 50,590 
Mammoth Energy Services, Inc. 1,206 18,802 
Matrix Service Co. (a) 2,434 47,731 
McDermott International, Inc. (a) 18,990 153,629 
Nabors Industries Ltd. 32,911 115,189 
National Oilwell Varco, Inc. 41,262 1,078,589 
NCS Multistage Holdings, Inc. (a) 1,294 5,137 
Newpark Resources, Inc. (a) 10,431 76,146 
Noble Corp. (a) 26,381 69,382 
Oceaneering International, Inc. (a) 9,970 191,424 
Oil States International, Inc. (a) 6,495 125,483 
Patterson-UTI Energy, Inc. 22,304 303,111 
Pioneer Energy Services Corp. (a) 9,076 15,792 
RPC, Inc. 5,980 61,534 
Schlumberger Ltd. 147,280 6,285,910 
SEACOR Holdings, Inc. (a) 2,245 99,992 
Solaris Oilfield Infrastructure, Inc. Class A 2,521 42,832 
Superior Energy Services, Inc. (a) 16,313 58,564 
TechnipFMC PLC 45,116 1,109,402 
TETRA Technologies, Inc. (a) 18,640 44,363 
Tidewater, Inc. (a) 4,139 93,128 
Transocean Ltd. (United States) (a) 53,570 421,060 
U.S. Silica Holdings, Inc. 7,954 125,832 
Unit Corp. (a) 6,037 81,862 
Weatherford International PLC (a)(b) 98,535 54,519 
  16,786,203 
Oil, Gas & Consumable Fuels - 4.3%   
Abraxas Petroleum Corp. (a) 15,774 21,768 
Alta Mesa Resources, Inc. Class A (a) 11,261 2,477 
Anadarko Petroleum Corp. 53,552 3,901,263 
Antero Resources Corp. (a) 23,921 173,427 
Apache Corp. 39,991 1,316,104 
Arch Coal, Inc. 1,967 190,760 
Bonanza Creek Energy, Inc. (a) 2,398 57,720 
Cabot Oil & Gas Corp. 45,328 1,173,542 
California Resources Corp. (a) 4,893 103,144 
Callon Petroleum Co. (a) 23,819 178,881 
Carrizo Oil & Gas, Inc. (a) 8,935 114,547 
Centennial Resource Development, Inc. Class A (a)(b) 19,883 209,368 
Cheniere Energy, Inc. (a) 23,450 1,509,008 
Chesapeake Energy Corp. (a)(b) 94,411 274,736 
Chevron Corp. 202,716 24,338,083 
Cimarex Energy Co. 10,365 711,661 
Clean Energy Fuels Corp. (a) 13,280 41,699 
CNX Resources Corp. (a) 21,216 190,095 
Concho Resources, Inc. 21,168 2,442,364 
ConocoPhillips Co. 122,402 7,726,014 
CONSOL Energy, Inc. (a) 2,549 86,411 
Contango Oil & Gas Co. (a) 3,597 10,863 
Continental Resources, Inc. (a) 9,238 424,856 
CVR Energy, Inc. 2,978 135,827 
Delek U.S. Holdings, Inc. 7,788 288,623 
Denbury Resources, Inc. (a) 46,691 104,121 
Devon Energy Corp. 49,825 1,601,376 
Diamondback Energy, Inc. 16,387 1,743,413 
Earthstone Energy, Inc. (a) 2,242 15,021 
EOG Resources, Inc. 61,641 5,920,618 
EQT Corp. 26,529 542,518 
Equitrans Midstream Corp. 21,199 441,575 
Evolution Petroleum Corp. 3,204 22,524 
Extraction Oil & Gas, Inc. (a)(b) 12,744 59,897 
Exxon Mobil Corp. 449,137 36,056,718 
Green Plains, Inc. 3,393 58,936 
Gulfport Energy Corp. (a) 16,694 109,346 
Halcon Resources Corp. (a) 8,641 11,233 
Hess Corp. 26,596 1,705,336 
Highpoint Resources, Inc. (a) 9,272 25,405 
HollyFrontier Corp. 16,894 806,351 
International Seaways, Inc. (a) 3,490 62,192 
Jagged Peak Energy, Inc. (a) 5,665 59,879 
Kinder Morgan, Inc. 201,501 4,003,825 
Kosmos Energy Ltd. 23,752 158,901 
Laredo Petroleum, Inc. (a) 13,576 41,000 
Lilis Energy, Inc. (a) 5,087 6,511 
Lonestar Resources U.S., Inc. (a) 2,533 10,081 
Magnolia Oil & Gas Corp. Class A (a) 9,866 130,034 
Marathon Oil Corp. 87,573 1,492,244 
Marathon Petroleum Corp. 73,569 4,478,145 
Matador Resources Co. (a) 11,076 218,086 
Midstates Petroleum Co., Inc. (a) 3,051 38,961 
Montage Resources Corp. (a) 512 5,693 
Murphy Oil Corp. 17,195 468,392 
Nine Energy Service, Inc. (a) 775 15,601 
Noble Energy, Inc. 51,020 1,380,601 
Northern Oil & Gas, Inc. (a) 24,807 65,739 
Oasis Petroleum, Inc. (a) 27,901 170,196 
Occidental Petroleum Corp. 80,374 4,732,421 
ONEOK, Inc. 43,402 2,948,298 
Overseas Shipholding Group, Inc. (a) 5,103 9,287 
Par Pacific Holdings, Inc. (a) 3,460 67,608 
Parsley Energy, Inc. Class A (a) 28,322 565,307 
PBF Energy, Inc. Class A 12,789 429,455 
PDC Energy, Inc. (a) 7,120 309,649 
Peabody Energy Corp. 8,364 240,632 
Penn Virginia Corp. (a) 1,501 67,395 
Phillips 66 Co. 45,127 4,254,122 
Pioneer Natural Resources Co. 18,143 3,020,084 
QEP Resources, Inc. (a) 25,356 190,677 
Range Resources Corp. 20,882 188,773 
Renewable Energy Group, Inc. (a) 4,038 97,397 
Rex American Resources Corp. (a) 539 45,551 
Ring Energy, Inc. (a) 4,641 24,040 
SandRidge Energy, Inc. (a) 3,184 26,618 
SemGroup Corp. Class A 7,816 102,077 
SM Energy Co. 10,494 167,169 
Southwestern Energy Co. (a) 62,500 246,875 
SRC Energy, Inc. (a) 24,487 150,595 
Talos Energy, Inc. (a) 2,505 74,399 
Targa Resources Corp. 24,505 983,876 
Teekay Corp. (b) 6,526 27,148 
Teekay Tankers Ltd. (a) 13,293 14,489 
Tellurian, Inc. (a)(b) 9,448 89,756 
The Williams Companies, Inc. 128,653 3,644,739 
Ultra Petroleum Corp. (a) 15,865 6,670 
Uranium Energy Corp. (a) 22,511 31,741 
Valero Energy Corp. 45,123 4,090,851 
W&T Offshore, Inc. (a) 10,328 65,893 
Whiting Petroleum Corp. (a) 9,777 267,792 
World Fuel Services Corp. 6,743 208,022 
WPX Energy, Inc. (a) 42,895 595,812 
  135,638,928 
TOTAL ENERGY  152,425,131 
FINANCIALS - 13.7%   
Banks - 5.8%   
1st Source Corp. 2,237 104,759 
Allegiance Bancshares, Inc. (a) 1,105 38,200 
Amalgamated Bank 920 15,594 
Ameris Bancorp 4,093 149,231 
Associated Banc-Corp. 17,076 387,454 
Atlantic Capital Bancshares, Inc. (a) 1,922 33,520 
Banc of California, Inc. 3,934 57,082 
BancFirst Corp. 1,651 93,116 
Bancorp, Inc., Delaware (a) 7,734 78,964 
BancorpSouth Bank 8,791 267,950 
Bank of America Corp. 968,106 29,604,681 
Bank of Hawaii Corp. 4,297 353,987 
Bank of Marin Bancorp 2,269 96,092 
Bank OZK 12,995 424,287 
BankUnited, Inc. 10,463 382,737 
Banner Corp. 3,109 164,839 
BB&T Corp. 81,576 4,176,691 
Berkshire Hills Bancorp, Inc. 4,676 140,233 
BOK Financial Corp. 3,083 268,653 
Boston Private Financial Holdings, Inc. 9,829 112,542 
Brookline Bancorp, Inc., Delaware 8,753 131,733 
Bryn Mawr Bank Corp. 2,558 97,434 
Byline Bancorp, Inc. (a) 2,778 55,616 
Cadence Bancorp Class A 12,386 281,782 
Carolina Financial Corp. 2,750 99,248 
Cathay General Bancorp 7,495 275,741 
CBTX, Inc. 2,449 77,633 
Centerstate Banks of Florida, Inc. 9,854 243,197 
Central Pacific Financial Corp. 2,591 77,756 
Chemical Financial Corp. 7,528 330,705 
CIT Group, Inc. 10,870 579,045 
Citigroup, Inc. 259,082 18,317,097 
Citizens Financial Group, Inc. 49,936 1,807,683 
City Holding Co. 1,913 151,854 
Columbia Banking Systems, Inc. 8,016 300,921 
Comerica, Inc. 17,281 1,358,114 
Commerce Bancshares, Inc. 10,736 648,776 
Community Bank System, Inc. 5,193 345,127 
Community Trust Bancorp, Inc. 2,218 93,711 
ConnectOne Bancorp, Inc. 4,540 99,108 
Cullen/Frost Bankers, Inc. 6,597 670,849 
Customers Bancorp, Inc. (a) 3,213 72,774 
CVB Financial Corp. 9,932 215,524 
Eagle Bancorp, Inc. (a) 3,209 177,329 
East West Bancorp, Inc. 15,986 822,959 
Enterprise Financial Services Corp. 2,679 113,965 
Equity Bancshares, Inc. (a) 1,309 34,374 
Fidelity Southern Corp. 1,933 56,270 
Fifth Third Bancorp 75,241 2,168,446 
Financial Institutions, Inc. 2,710 74,525 
First Bancorp, North Carolina 2,524 95,685 
First Bancorp, Puerto Rico 24,254 274,070 
First Busey Corp. 5,365 138,632 
First Citizens Bancshares, Inc. 909 407,459 
First Commonwealth Financial Corp. 9,260 126,029 
First Financial Bancorp, Ohio 9,948 249,695 
First Financial Bankshares, Inc. (b) 7,312 449,834 
First Financial Corp., Indiana 995 40,964 
First Foundation, Inc. 4,519 64,215 
First Hawaiian, Inc. 10,531 291,182 
First Horizon National Corp. 34,769 524,664 
First Internet Bancorp 750 16,418 
First Interstate Bancsystem, Inc. 3,470 146,642 
First Merchants Corp. 5,048 185,110 
First Midwest Bancorp, Inc., Delaware 10,457 224,512 
First of Long Island Corp. 3,375 78,536 
First Republic Bank 17,350 1,832,507 
Flushing Financial Corp. 3,723 84,140 
FNB Corp., Pennsylvania 35,136 426,200 
Franklin Financial Network, Inc. 1,333 36,857 
Fulton Financial Corp. 17,476 301,461 
German American Bancorp, Inc. 2,865 85,520 
Glacier Bancorp, Inc. 9,004 383,480 
Great Southern Bancorp, Inc. 1,146 66,411 
Great Western Bancorp, Inc. 5,837 205,287 
Hancock Whitney Corp. 9,260 405,032 
Hanmi Financial Corp. 2,680 63,570 
Heartland Financial U.S.A., Inc. 3,427 153,872 
Heritage Commerce Corp. 5,677 71,076 
Heritage Financial Corp., Washington 4,051 122,624 
Hilltop Holdings, Inc. 7,337 154,297 
Home Bancshares, Inc. 16,961 325,482 
Hope Bancorp, Inc. 12,902 181,402 
Horizon Bancorp, Inc. Indiana 3,204 52,129 
Huntington Bancshares, Inc. 113,398 1,578,500 
IBERIABANK Corp. 5,869 466,586 
Independent Bank Corp. 2,868 61,748 
Independent Bank Corp., Massachusetts 3,306 265,240 
Independent Bank Group, Inc. 3,867 220,419 
International Bancshares Corp. 5,510 228,500 
Investors Bancorp, Inc. 24,749 290,801 
JPMorgan Chase & Co. 352,663 40,926,541 
KeyCorp 110,259 1,935,045 
Lakeland Bancorp, Inc. 5,987 99,145 
Lakeland Financial Corp. 2,219 105,957 
LegacyTexas Financial Group, Inc. 4,838 193,907 
Live Oak Bancshares, Inc. 2,210 38,609 
M&T Bank Corp. 14,926 2,538,465 
Mercantile Bank Corp. 1,575 53,235 
Midland States Bancorp, Inc. 2,936 78,744 
National Bank Holdings Corp. 2,341 89,520 
NBT Bancorp, Inc. 4,476 170,178 
OFG Bancorp 4,938 99,649 
Old Line Bancshares, Inc. 2,401 60,025 
Old National Bancorp, Indiana 15,203 259,667 
Old Second Bancorp, Inc. 4,480 59,360 
Opus Bank 1,947 42,581 
Origin Bancorp, Inc. 300 10,452 
Pacific Premier Bancorp, Inc. 4,767 138,577 
PacWest Bancorp 12,385 489,827 
Park National Corp. 1,553 151,697 
Peapack-Gladstone Financial Corp. 3,045 88,092 
Peoples Bancorp, Inc. 2,554 83,465 
Peoples United Financial, Inc. 39,102 676,074 
Pinnacle Financial Partners, Inc. 8,374 486,278 
PNC Financial Services Group, Inc. 48,962 6,704,367 
Popular, Inc. 11,044 637,349 
Preferred Bank, Los Angeles 1,211 59,569 
Prosperity Bancshares, Inc. 7,132 525,200 
QCR Holdings, Inc. 2,173 74,338 
Regions Financial Corp. 110,298 1,712,928 
Renasant Corp. 4,788 173,613 
S&T Bancorp, Inc. 3,438 137,795 
Sandy Spring Bancorp, Inc. 3,091 107,845 
Seacoast Banking Corp., Florida (a) 5,859 166,161 
ServisFirst Bancshares, Inc. 4,717 160,095 
Signature Bank 5,630 743,554 
Simmons First National Corp. Class A 9,027 229,196 
South State Corp. 3,699 279,866 
Southside Bancshares, Inc. 2,911 102,263 
Sterling Bancorp 23,880 511,510 
Stock Yards Bancorp, Inc. 2,298 78,936 
SunTrust Banks, Inc. 47,535 3,112,592 
SVB Financial Group (a) 5,657 1,423,980 
Synovus Financial Corp. 17,181 633,292 
TCF Financial Corp. 16,961 375,347 
Texas Capital Bancshares, Inc. (a) 5,128 331,935 
Tompkins Financial Corp. 1,101 88,818 
TowneBank 7,104 185,272 
Trico Bancshares 3,134 125,078 
TriState Capital Holdings, Inc. (a) 1,660 38,612 
Triumph Bancorp, Inc. (a) 2,164 67,106 
Trustmark Corp. 7,520 270,419 
U.S. Bancorp 160,851 8,576,575 
UMB Financial Corp. 4,968 347,064 
Umpqua Holdings Corp. 23,753 412,352 
Union Bankshares Corp. 5,879 214,584 
United Bankshares, Inc., West Virginia 11,129 436,702 
United Community Bank, Inc. 9,078 254,910 
Univest Corp. of Pennsylvania 2,313 58,334 
Valley National Bancorp 33,449 350,546 
Veritex Holdings, Inc. 4,922 130,482 
Washington Trust Bancorp, Inc. 1,272 65,902 
Webster Financial Corp. 9,572 508,560 
Wells Fargo & Co. 449,379 21,754,437 
WesBanco, Inc. 5,412 218,212 
Westamerica Bancorp. 3,026 194,330 
Western Alliance Bancorp. (a) 10,425 498,107 
Wintrust Financial Corp. 5,852 445,922 
Zions Bancorp NA 20,259 999,376 
  181,505,217 
Capital Markets - 2.6%   
Affiliated Managers Group, Inc. 5,730 635,572 
Ameriprise Financial, Inc. 14,825 2,175,865 
Artisan Partners Asset Management, Inc. 5,150 145,951 
Bank of New York Mellon Corp. 96,584 4,796,361 
BGC Partners, Inc. Class A 71,808 387,763 
BlackRock, Inc. Class A 12,872 6,246,009 
Blucora, Inc. (a) 5,205 182,175 
Cboe Global Markets, Inc. 11,885 1,207,635 
Charles Schwab Corp. 127,663 5,844,412 
CME Group, Inc. 37,930 6,785,677 
Cohen & Steers, Inc. 2,377 119,207 
Cowen Group, Inc. Class A (a) 2,739 45,878 
Diamond Hill Investment Group, Inc. 304 43,922 
Donnelley Financial Solutions, Inc. (a) 3,435 52,590 
E*TRADE Financial Corp. 26,669 1,351,052 
Eaton Vance Corp. (non-vtg.) 12,000 498,840 
Evercore, Inc. Class A 4,249 413,980 
FactSet Research Systems, Inc. 3,974 1,096,307 
Federated Investors, Inc. Class B (non-vtg.) 10,045 308,683 
Franklin Resources, Inc. 31,384 1,085,573 
Gain Capital Holdings, Inc. 2,246 11,836 
Goldman Sachs Group, Inc. 36,711 7,559,529 
Greenhill & Co., Inc. 1,555 32,204 
Hamilton Lane, Inc. Class A 1,967 96,108 
Houlihan Lokey 3,544 174,790 
Interactive Brokers Group, Inc. 7,932 430,232 
IntercontinentalExchange, Inc. 60,323 4,907,276 
INTL FCStone, Inc. (a) 1,848 74,955 
Invesco Ltd. 43,417 953,871 
Janus Henderson Group PLC 17,834 447,098 
Lazard Ltd. Class A 13,951 542,415 
Legg Mason, Inc. 9,246 309,279 
LPL Financial 9,141 677,257 
MarketAxess Holdings, Inc. 4,005 1,114,712 
Moelis & Co. Class A 4,620 189,189 
Moody's Corp. 17,691 3,478,404 
Morgan Stanley 138,833 6,698,692 
Morningstar, Inc. 1,862 267,104 
MSCI, Inc. 9,302 2,096,485 
Northern Trust Corp. 23,442 2,310,209 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 704 18,480 
Piper Jaffray Companies 1,699 136,939 
PJT Partners, Inc. 1,793 77,314 
Raymond James Financial, Inc. 13,747 1,258,813 
S&P Global, Inc. 26,545 5,857,420 
SEI Investments Co. 13,646 743,025 
State Street Corp. 40,207 2,720,406 
Stifel Financial Corp. 7,602 453,611 
T. Rowe Price Group, Inc. 25,478 2,738,885 
TD Ameritrade Holding Corp. 28,774 1,512,937 
The NASDAQ OMX Group, Inc. 12,177 1,122,719 
Virtu Financial, Inc. Class A (b) 6,664 163,801 
Virtus Investment Partners, Inc. 960 117,706 
Waddell & Reed Financial, Inc. Class A 8,625 161,546 
Westwood Holdings Group, Inc. 1,225 38,330 
WisdomTree Investments, Inc. 12,430 89,496 
  83,006,525 
Consumer Finance - 0.8%   
Ally Financial, Inc. 43,446 1,290,781 
American Express Co. 74,218 8,700,576 
Capital One Financial Corp. 50,106 4,651,340 
Credit Acceptance Corp. (a) 1,310 650,048 
CURO Group Holdings Corp. (a) 1,320 17,582 
Discover Financial Services 35,673 2,906,993 
Elevate Credit, Inc. (a) 2,164 9,695 
Encore Capital Group, Inc. (a) 2,868 81,050 
Enova International, Inc. (a) 3,778 103,631 
EZCORP, Inc. (non-vtg.) Class A (a)(b) 4,452 48,393 
First Cash Financial Services, Inc. 4,647 453,919 
Green Dot Corp. Class A (a) 5,071 323,378 
LendingClub Corp. (a) 43,842 139,418 
Navient Corp. 25,081 338,844 
Nelnet, Inc. Class A 1,921 111,514 
OneMain Holdings, Inc. 8,196 278,418 
PRA Group, Inc. (a) 5,191 145,971 
Regional Management Corp. (a) 2,475 61,306 
Santander Consumer U.S.A. Holdings, Inc. 12,091 258,143 
SLM Corp. 45,058 457,789 
Synchrony Financial 69,849 2,421,665 
World Acceptance Corp. (a) 788 102,432 
  23,552,886 
Diversified Financial Services - 1.5%   
AXA Equitable Holdings, Inc. 14,295 324,354 
Berkshire Hathaway, Inc. Class B (a) 206,312 44,709,874 
Cannae Holdings, Inc. (a) 7,643 196,196 
Columbia Financial, Inc. 4,491 71,227 
FB Financial Corp. 1,537 56,469 
FGL Holdings Class A 18,517 157,950 
Focus Financial Partners, Inc. Class A 2,152 80,700 
Jefferies Financial Group, Inc. 29,907 615,187 
On Deck Capital, Inc. (a) 6,314 34,474 
Pennymac Financial Services, Inc. 5,833 130,076 
Victory Capital Holdings, Inc. (a) 1,230 20,283 
Voya Financial, Inc. 16,963 931,099 
  47,327,889 
Insurance - 2.6%   
AFLAC, Inc. 80,427 4,051,912 
Alleghany Corp. (a) 1,591 1,045,096 
Allstate Corp. 36,454 3,611,133 
AMBAC Financial Group, Inc. (a) 4,445 83,122 
American Equity Investment Life Holding Co. 9,797 288,130 
American Financial Group, Inc. 7,223 747,797 
American International Group, Inc. 94,011 4,472,103 
American National Insurance Co. 786 89,046 
Amerisafe, Inc. 1,884 111,570 
Aon PLC 25,544 4,601,496 
Arch Capital Group Ltd. (a) 42,410 1,432,610 
Argo Group International Holdings, Ltd. 3,632 283,550 
Arthur J. Gallagher & Co. 19,378 1,620,388 
Assurant, Inc. 5,632 535,040 
Assured Guaranty Ltd. 10,922 520,979 
Athene Holding Ltd. (a) 13,571 612,866 
Axis Capital Holdings Ltd. 12,564 714,263 
Brighthouse Financial, Inc. (a) 12,728 531,903 
Brown & Brown, Inc. 24,342 772,859 
Chubb Ltd. 48,821 7,088,809 
Cincinnati Financial Corp. 16,015 1,540,323 
CNO Financial Group, Inc. 17,019 281,664 
eHealth, Inc. (a) 1,842 111,883 
Employers Holdings, Inc. 3,333 143,052 
Enstar Group Ltd. (a) 1,560 276,526 
Erie Indemnity Co. Class A 2,051 388,295 
Everest Re Group Ltd. 4,259 1,002,995 
FBL Financial Group, Inc. Class A 829 51,788 
First American Financial Corp. 11,838 675,476 
FNF Group 29,316 1,171,174 
Genworth Financial, Inc. Class A 51,855 196,530 
Goosehead Insurance 1,047 31,902 
Greenlight Capital Re, Ltd. (a) 3,005 36,000 
Hanover Insurance Group, Inc. 4,546 548,293 
Hartford Financial Services Group, Inc. 37,879 1,981,450 
HCI Group, Inc. 610 25,998 
Health Insurance Innovations, Inc. (a)(b) 1,106 25,792 
Heritage Insurance Holdings, Inc. 2,212 30,172 
Horace Mann Educators Corp. 4,773 184,142 
James River Group Holdings Ltd. 3,242 136,877 
Kemper Corp. 6,371 572,625 
Kinsale Capital Group, Inc. 2,129 154,565 
Lincoln National Corp. 22,792 1,520,682 
Loews Corp. 29,342 1,504,951 
Maiden Holdings Ltd. 6,959 4,548 
Markel Corp. (a) 1,470 1,575,120 
Marsh & McLennan Companies, Inc. 53,318 5,027,354 
MBIA, Inc. (a) 9,356 90,473 
Mercury General Corp. 2,911 156,554 
MetLife, Inc. 104,760 4,832,579 
National General Holdings Corp. 6,305 155,418 
National Western Life Group, Inc. 207 55,211 
Navigators Group, Inc. 1,841 128,760 
Old Republic International Corp. 29,488 659,352 
Primerica, Inc. 4,576 596,207 
Principal Financial Group, Inc. 28,070 1,604,481 
ProAssurance Corp. 5,410 203,037 
Progressive Corp. 61,839 4,832,718 
Prudential Financial, Inc. 43,813 4,631,472 
Reinsurance Group of America, Inc. 6,654 1,008,148 
RenaissanceRe Holdings Ltd. 4,261 661,989 
RLI Corp. 4,097 333,209 
Safety Insurance Group, Inc. 1,716 159,451 
Selective Insurance Group, Inc. 6,065 432,495 
Stewart Information Services Corp. 2,607 110,824 
The Travelers Companies, Inc. 28,038 4,030,463 
Third Point Reinsurance Ltd. (a) 6,670 77,439 
Torchmark Corp. 10,875 953,303 
Trupanion, Inc. (a)(b) 2,766 90,725 
United Fire Group, Inc. 2,279 99,387 
United Insurance Holdings Corp. 1,824 27,944 
Universal Insurance Holdings, Inc. 3,285 97,860 
Unum Group 23,127 853,849 
W.R. Berkley Corp. 15,030 921,339 
White Mountains Insurance Group Ltd. 320 300,493 
Willis Group Holdings PLC 13,773 2,538,915 
  83,058,944 
Mortgage Real Estate Investment Trusts - 0.2%   
AG Mortgage Investment Trust, Inc. 4,830 82,641 
AGNC Investment Corp. 55,310 983,965 
Annaly Capital Management, Inc. 146,034 1,473,483 
Anworth Mortgage Asset Corp. 15,570 65,238 
Apollo Commercial Real Estate Finance, Inc. 11,277 211,331 
Arbor Realty Trust, Inc. (b) 8,023 109,594 
Ares Commercial Real Estate Corp. 2,596 39,459 
Arlington Asset Investment Corp. 3,545 27,828 
Armour Residential REIT, Inc. 7,469 142,509 
Blackstone Mortgage Trust, Inc. 12,322 438,540 
Capstead Mortgage Corp. 9,026 77,533 
Cherry Hill Mortgage Investment Corp. 1,714 29,584 
Chimera Investment Corp. 18,876 361,853 
Dynex Capital, Inc. 6,185 37,729 
Exantas Capital Corp. 6,618 72,467 
Granite Point Mortgage Trust, Inc. 6,719 129,206 
Invesco Mortgage Capital, Inc. 11,703 190,993 
KKR Real Estate Finance Trust, Inc. 3,864 77,937 
Ladder Capital Corp. Class A 9,617 167,336 
MFA Financial, Inc. 45,753 343,605 
New Residential Investment Corp. 38,591 648,715 
New York Mortgage Trust, Inc. 18,463 116,317 
Orchid Island Capital, Inc. 4,600 30,222 
PennyMac Mortgage Investment Trust 6,636 139,356 
Redwood Trust, Inc. 11,474 187,715 
Starwood Property Trust, Inc. 28,052 646,599 
TPG RE Finance Trust, Inc. 4,938 97,328 
Two Harbors Investment Corp. 24,986 346,306 
Western Asset Mortgage Capital Corp. 3,602 37,893 
  7,313,282 
Real Estate Management & Development - 0.0%   
The RMR Group, Inc. 638 36,902 
Thrifts & Mortgage Finance - 0.2%   
Axos Financial, Inc. (a) 5,735 187,649 
Capitol Federal Financial, Inc. 15,778 217,736 
Dime Community Bancshares, Inc. 4,670 94,101 
Essent Group Ltd. (a) 10,123 480,336 
Farmer Mac Class C (non-vtg.) 853 65,237 
First Defiance Financial Corp. 2,825 83,366 
Flagstar Bancorp, Inc. 3,219 115,079 
HomeStreet, Inc. (a) 2,359 66,382 
Kearny Financial Corp. 10,824 151,536 
LendingTree, Inc. (a) 766 294,772 
Meridian Bancorp, Inc. Maryland 4,100 70,602 
Meta Financial Group, Inc. 2,490 64,142 
MGIC Investment Corp. (a) 37,674 551,547 
New York Community Bancorp, Inc. 52,698 612,878 
NMI Holdings, Inc. (a) 7,171 201,362 
Northfield Bancorp, Inc. 4,005 60,075 
Northwest Bancshares, Inc. 11,447 199,521 
OceanFirst Financial Corp. 3,503 88,206 
Ocwen Financial Corp. (a) 9,224 15,589 
Oritani Financial Corp. 5,612 97,368 
Provident Financial Services, Inc. 5,796 153,710 
Radian Group, Inc. 22,067 516,809 
TFS Financial Corp. 4,579 76,195 
Trustco Bank Corp., New York 8,255 66,040 
United Financial Bancorp, Inc. New 4,934 65,079 
Walker & Dunlop, Inc. 3,157 173,477 
Washington Federal, Inc. 9,050 299,917 
WMI Holdings Corp. (a) 2,485 21,371 
WSFS Financial Corp. 4,352 187,919 
  5,278,001 
TOTAL FINANCIALS  431,079,646 
HEALTH CARE - 13.3%   
Biotechnology - 2.6%   
AbbVie, Inc. 159,682 12,677,154 
Abeona Therapeutics, Inc. (a) 2,802 21,575 
ACADIA Pharmaceuticals, Inc. (a)(b) 11,547 277,705 
Acceleron Pharma, Inc. (a) 4,430 180,434 
Achillion Pharmaceuticals, Inc. (a) 16,272 48,165 
Acorda Therapeutics, Inc. (a) 3,953 41,309 
Adamas Pharmaceuticals, Inc. (a) 1,801 11,382 
Aduro Biotech, Inc. (a) 4,538 18,560 
Adverum Biotechnologies, Inc. (a) 5,173 33,366 
Aeglea BioTherapeutics, Inc. (a) 1,725 11,816 
Agenus, Inc. (a) 7,486 19,239 
Agios Pharmaceuticals, Inc. (a)(b) 5,377 300,682 
Aimmune Therapeutics, Inc. (a) 3,962 79,795 
Akebia Therapeutics, Inc. (a) 11,255 67,980 
Alder Biopharmaceuticals, Inc. (a) 6,283 85,386 
Aldeyra Therapeutics, Inc. (a) 2,151 17,789 
Alexion Pharmaceuticals, Inc. (a) 23,886 3,251,601 
Alkermes PLC (a) 16,970 514,530 
Allakos, Inc. (a) 661 25,918 
Alnylam Pharmaceuticals, Inc. (a) 9,662 863,203 
AMAG Pharmaceuticals, Inc. (a) 3,104 34,641 
Amgen, Inc. 67,742 12,147,495 
Amicus Therapeutics, Inc. (a) 21,329 284,529 
AnaptysBio, Inc. (a) 2,644 192,272 
Anika Therapeutics, Inc. (a) 1,249 39,781 
Apellis Pharmaceuticals, Inc. (a) 3,746 74,208 
Arcus Biosciences, Inc. (a) 1,109 10,779 
Arena Pharmaceuticals, Inc. (a) 5,041 230,626 
ArQule, Inc. (a) 8,828 52,703 
Array BioPharma, Inc. (a) 22,331 504,904 
Arrowhead Pharmaceuticals, Inc. (a) 8,990 161,640 
Assembly Biosciences, Inc. (a) 2,063 32,554 
Atara Biotherapeutics, Inc. (a) 4,773 160,373 
Audentes Therapeutics, Inc. (a) 3,537 133,663 
Avid Bioservices, Inc. (a) 6,807 32,606 
Bellicum Pharmaceuticals, Inc. (a) 4,128 12,590 
BioCryst Pharmaceuticals, Inc. (a) 11,836 87,941 
Biogen, Inc. (a) 21,433 4,913,301 
Biohaven Pharmaceutical Holding Co. Ltd. (a) 3,620 216,657 
BioMarin Pharmaceutical, Inc. (a) 18,838 1,611,214 
Biospecifics Technologies Corp. (a) 487 32,629 
bluebird bio, Inc. (a)(b) 5,786 820,628 
Blueprint Medicines Corp. (a) 4,688 354,460 
Calithera Biosciences, Inc. (a) 5,425 33,418 
Cara Therapeutics, Inc. (a)(b) 4,077 77,789 
CareDx, Inc. (a) 3,631 98,800 
CASI Pharmaceuticals, Inc. (a) 4,679 15,254 
Catalyst Biosciences, Inc. (a) 1,629 14,205 
Catalyst Pharmaceutical Partners, Inc. (a) 10,916 62,658 
Celgene Corp. (a) 74,238 7,027,369 
Cellular Biomedicine Group, Inc. (a) 996 17,211 
ChemoCentryx, Inc. (a) 2,033 26,978 
Clovis Oncology, Inc. (a) 5,462 99,791 
Coherus BioSciences, Inc. (a) 6,032 96,029 
Concert Pharmaceuticals, Inc. (a) 1,696 17,435 
Corbus Pharmaceuticals Holdings, Inc. (a)(b) 4,504 32,159 
Crinetics Pharmaceuticals, Inc. (a) 577 14,973 
Cytokinetics, Inc. (a) 6,091 53,723 
CytomX Therapeutics, Inc. (a) 3,900 37,089 
Deciphera Pharmaceuticals, Inc. (a) 1,315 30,245 
Denali Therapeutics, Inc. (a)(b) 7,168 175,401 
Dicerna Pharmaceuticals, Inc. (a) 5,472 70,917 
Dynavax Technologies Corp. (a)(b) 6,540 43,491 
Eagle Pharmaceuticals, Inc. (a) 1,024 52,644 
Editas Medicine, Inc. (a) 4,445 110,014 
Eiger Biopharmaceuticals, Inc. (a) 3,199 34,965 
Emergent BioSolutions, Inc. (a) 4,592 237,315 
Enanta Pharmaceuticals, Inc. (a) 1,695 147,787 
Epizyme, Inc. (a) 6,594 81,832 
Esperion Therapeutics, Inc. (a) 2,548 109,819 
Exact Sciences Corp. (a) 13,083 1,291,161 
Exelixis, Inc.(a) 31,661 622,455 
Fate Therapeutics, Inc. (a) 6,152 103,354 
FibroGen, Inc. (a) 7,873 367,905 
Five Prime Therapeutics, Inc. (a) 2,919 32,343 
Flexion Therapeutics, Inc. (a) 3,252 34,471 
Galectin Therapeutics, Inc. (a)(b) 2,908 12,446 
Galectin Therapeutics, Inc. rights 5/23/19 (a)(d) 2,908 
Genomic Health, Inc. (a) 2,246 144,485 
Geron Corp. (a)(b) 14,368 26,150 
Gilead Sciences, Inc. 137,578 8,948,073 
Global Blood Therapeutics, Inc. (a) 5,846 323,868 
GlycoMimetics, Inc. (a) 3,425 41,682 
Halozyme Therapeutics, Inc. (a) 12,914 208,303 
Heron Therapeutics, Inc. (a) 7,399 160,410 
Homology Medicines, Inc. (a) 810 17,431 
ImmunoGen, Inc. (a) 12,889 30,805 
Immunomedics, Inc. (a)(b) 18,634 298,517 
Incyte Corp. (a) 18,664 1,433,395 
Inovio Pharmaceuticals, Inc. (a)(b) 9,229 34,701 
Insmed, Inc. (a) 7,941 241,724 
Insys Therapeutics, Inc. (a)(b) 2,386 10,260 
Intellia Therapeutics, Inc. (a) 2,867 44,094 
Intercept Pharmaceuticals, Inc. (a) 2,373 204,505 
Intrexon Corp. (a)(b) 6,109 26,452 
Invitae Corp. (a) 6,812 160,899 
Ionis Pharmaceuticals, Inc. (a) 14,765 1,097,482 
Iovance Biotherapeutics, Inc. (a) 12,834 146,308 
Ironwood Pharmaceuticals, Inc. Class A (a) 14,146 168,196 
Kadmon Holdings, Inc. (a) 11,010 25,874 
Karyopharm Therapeutics, Inc. (a) 4,565 21,319 
Kindred Biosciences, Inc. (a) 2,801 24,901 
Kiniksa Pharmaceuticals Ltd. 810 12,093 
Kura Oncology, Inc. (a) 2,930 44,360 
La Jolla Pharmaceutical Co. (a) 3,000 24,150 
Lexicon Pharmaceuticals, Inc. (a) 4,852 28,142 
Ligand Pharmaceuticals, Inc. Class B (a)(b) 2,309 290,588 
Macrogenics, Inc. (a) 4,402 73,822 
Madrigal Pharmaceuticals, Inc. (a) 863 91,547 
MannKind Corp. (a) 17,665 27,204 
Minerva Neurosciences, Inc. (a) 5,878 43,321 
Mirati Therapeutics, Inc. (a) 3,362 200,005 
Momenta Pharmaceuticals, Inc. (a) 10,429 145,902 
Myriad Genetics, Inc. (a) 7,997 251,746 
Natera, Inc. (a) 3,542 67,688 
Neurocrine Biosciences, Inc. (a) 9,611 694,299 
Novavax, Inc. (a)(b) 32,973 17,519 
Opko Health, Inc. (a)(b) 38,628 92,321 
PDL BioPharma, Inc. (a) 14,229 46,529 
Polarityte, Inc. (a) 1,455 13,153 
Portola Pharmaceuticals, Inc. (a)(b) 7,114 251,124 
Progenics Pharmaceuticals, Inc. (a) 7,817 40,179 
Prothena Corp. PLC (a) 4,273 44,439 
PTC Therapeutics, Inc. (a)(b) 5,364 200,721 
Puma Biotechnology, Inc. (a) 3,239 104,037 
Ra Pharmaceuticals, Inc. (a) 2,836 62,959 
Radius Health, Inc. (a) 4,465 98,319 
Regeneron Pharmaceuticals, Inc. (a) 8,315 2,853,209 
REGENXBIO, Inc. (a) 3,166 159,566 
Repligen Corp. (a) 4,014 270,463 
Retrophin, Inc. (a) 4,717 90,000 
Rigel Pharmaceuticals, Inc. (a) 13,061 29,126 
Rocket Pharmaceuticals, Inc. (a) 2,363 43,857 
Sage Therapeutics, Inc. (a) 5,009 842,664 
Sangamo Therapeutics, Inc. (a) 10,625 124,206 
Sarepta Therapeutics, Inc. (a)(b) 6,969 814,955 
Savara, Inc. (a) 3,022 32,275 
Scholar Rock Holding Corp. 608 12,938 
Seattle Genetics, Inc. (a) 11,259 763,135 
Solid Biosciences, Inc. (a)(b) 1,426 12,948 
Sorrento Therapeutics, Inc. (a) 8,725 31,846 
Spark Therapeutics, Inc. (a) 3,481 371,388 
Spectrum Pharmaceuticals, Inc. (a) 10,454 97,954 
Stemline Therapeutics, Inc. (a) 3,284 49,260 
Syndax Pharmaceuticals, Inc. (a) 2,311 16,524 
T2 Biosystems, Inc. (a) 3,749 9,635 
TG Therapeutics, Inc. (a) 6,168 49,036 
Tocagen, Inc. (a) 2,064 20,392 
Trevena, Inc. (a) 6,547 9,624 
Ultragenyx Pharmaceutical, Inc. (a) 5,207 343,662 
United Therapeutics Corp. (a) 4,695 481,566 
Vanda Pharmaceuticals, Inc. (a) 5,454 88,846 
Veracyte, Inc. (a) 3,116 71,263 
Verastem, Inc. (a)(b) 7,024 14,961 
Vericel Corp. (a) 4,696 79,785 
Vertex Pharmaceuticals, Inc. (a) 27,140 4,586,117 
Viking Therapeutics, Inc. (a)(b) 4,665 36,527 
Voyager Therapeutics, Inc. (a) 2,054 43,339 
Xencor, Inc. (a) 5,280 162,149 
XOMA Corp. (a)(b) 963 11,421 
Zafgen, Inc. (a) 3,203 8,200 
ZIOPHARM Oncology, Inc. (a)(b) 14,825 65,527 
  81,477,594 
Health Care Equipment & Supplies - 3.2%   
Abbott Laboratories 186,326 14,824,097 
Abiomed, Inc. (a) 4,745 1,316,310 
Accuray, Inc. (a) 7,632 31,596 
Align Technology, Inc. (a) 7,703 2,501,010 
Angiodynamics, Inc. (a) 4,295 88,219 
Antares Pharma, Inc. (a) 11,927 32,084 
Atricure, Inc. (a) 3,966 119,059 
Atrion Corp. 140 123,200 
Avanos Medical, Inc. (a) 5,177 217,175 
AxoGen, Inc. (a) 3,545 83,237 
Baxter International, Inc. 52,516 4,006,971 
Becton, Dickinson & Co. 28,505 6,862,294 
BioLife Solutions, Inc. (a) 1,049 17,560 
Boston Scientific Corp. (a) 146,975 5,455,712 
Cantel Medical Corp. 3,949 272,244 
Cardiovascular Systems, Inc. (a) 3,833 136,225 
Cerus Corp. (a) 12,440 76,257 
CONMED Corp. 3,041 243,371 
Cryolife, Inc. (a) 3,868 118,593 
CryoPort, Inc. (a)(b) 2,598 36,554 
Cutera, Inc. (a) 1,265 22,441 
CytoSorbents Corp. (a) 2,429 17,489 
Danaher Corp. 65,437 8,666,476 
Dentsply Sirona, Inc. 23,684 1,210,963 
DexCom, Inc. (a) 9,482 1,147,986 
Edwards Lifesciences Corp. (a) 22,219 3,912,099 
Endologix, Inc. (a) 932 5,983 
Genmark Diagnostics, Inc. (a) 6,541 47,357 
Glaukos Corp. (a) 3,611 260,461 
Globus Medical, Inc. (a) 7,995 360,495 
Haemonetics Corp. (a) 5,350 466,948 
Heska Corp. (a) 800 62,128 
Hill-Rom Holdings, Inc. 7,074 717,445 
Hologic, Inc. (a) 28,462 1,320,068 
ICU Medical, Inc. (a) 1,741 396,078 
IDEXX Laboratories, Inc. (a) 9,200 2,134,400 
Inogen, Inc. (a) 1,778 155,219 
Inspire Medical Systems, Inc. 1,283 66,318 
Insulet Corp. (a) 6,395 551,569 
Integer Holdings Corp. (a) 3,296 227,721 
Integra LifeSciences Holdings Corp. (a) 7,309 381,457 
IntriCon Corp. (a) 701 16,382 
Intuitive Surgical, Inc. (a) 12,131 6,194,453 
Invacare Corp. 2,942 21,771 
iRhythm Technologies, Inc. (a) 2,322 177,192 
Lantheus Holdings, Inc. (a) 3,999 96,616 
LeMaitre Vascular, Inc. 1,381 39,883 
LivaNova PLC (a) 5,219 359,537 
Masimo Corp. (a) 5,081 661,292 
Medtronic PLC 142,443 12,650,363 
Meridian Bioscience, Inc. 4,892 56,307 
Merit Medical Systems, Inc. (a) 6,035 339,046 
Natus Medical, Inc. (a) 3,607 96,523 
Neogen Corp. (a) 5,654 342,972 
Nevro Corp. (a) 3,210 198,089 
NuVasive, Inc. (a) 5,476 331,846 
Nuvectra Corp. (a) 1,667 15,736 
OraSure Technologies, Inc. (a) 7,385 69,862 
Orthofix International NV (a) 1,936 106,073 
OrthoPediatrics Corp. (a) 707 28,803 
Penumbra, Inc. (a)(b) 3,222 433,359 
Quanterix Corp. (a) 827 18,789 
Quidel Corp. (a) 3,769 240,990 
ResMed, Inc. 15,099 1,577,996 
Seaspine Holdings Corp. (a) 1,268 18,678 
Senseonics Holdings, Inc. (a)(b) 8,327 19,402 
Sientra, Inc. (a) 2,067 17,404 
Staar Surgical Co. (a) 2,989 97,083 
STERIS PLC 9,054 1,185,893 
Stryker Corp. 32,941 6,222,884 
SurModics, Inc. (a) 1,181 51,303 
Tactile Systems Technology, Inc. (a) 1,746 86,881 
Tandem Diabetes Care, Inc. (a) 6,162 378,408 
Teleflex, Inc. 4,915 1,406,575 
The Cooper Companies, Inc. 5,240 1,519,181 
TransEnterix, Inc. (a) 16,540 33,080 
Varex Imaging Corp. (a) 4,029 132,312 
Varian Medical Systems, Inc. (a) 9,571 1,303,283 
ViewRay, Inc. (a) 5,036 35,051 
West Pharmaceutical Services, Inc. 7,804 966,057 
Wright Medical Group NV (a) 12,384 366,195 
Zimmer Biomet Holdings, Inc. 21,591 2,659,148 
  99,265,567 
Health Care Providers & Services - 2.3%   
Acadia Healthcare Co., Inc. (a) 9,084 290,870 
Addus HomeCare Corp. (a) 1,152 78,221 
Amedisys, Inc. (a) 3,153 403,016 
American Renal Associates Holdings, Inc. (a) 1,330 9,150 
AmerisourceBergen Corp. 16,721 1,250,062 
AMN Healthcare Services, Inc. (a) 4,993 259,936 
Anthem, Inc. 27,479 7,227,801 
Apollo Medical Holdings, Inc. (a) 2,126 41,138 
BioScrip, Inc. (a) 13,042 25,041 
BioTelemetry, Inc. (a) 3,491 189,910 
Brookdale Senior Living, Inc. (a) 19,168 118,458 
Capital Senior Living Corp. (a) 2,885 12,117 
Cardinal Health, Inc. 31,924 1,555,018 
Centene Corp. (a) 43,795 2,258,070 
Chemed Corp. 1,675 547,357 
Cigna Corp. 40,476 6,429,208 
Community Health Systems, Inc. (a) 10,312 35,473 
Corvel Corp. (a) 1,240 89,032 
Cross Country Healthcare, Inc. (a) 3,513 24,767 
CVS Health Corp. 137,374 7,470,398 
DaVita HealthCare Partners, Inc. (a) 13,370 738,559 
Diplomat Pharmacy, Inc. (a) 4,968 27,721 
Encompass Health Corp. 10,465 674,469 
G1 Therapeutics, Inc. (a) 2,249 48,129 
HCA Holdings, Inc. 28,578 3,635,979 
HealthEquity, Inc. (a) 5,840 395,660 
Henry Schein, Inc. (a) 16,075 1,029,765 
Humana, Inc. 14,528 3,710,596 
Laboratory Corp. of America Holdings (a) 10,704 1,711,784 
LHC Group, Inc. (a) 3,061 340,108 
Magellan Health Services, Inc. (a) 2,448 171,360 
McKesson Corp. 20,742 2,473,484 
MEDNAX, Inc. (a) 9,358 261,743 
Molina Healthcare, Inc. (a) 6,655 862,688 
National Healthcare Corp. 853 64,342 
National Vision Holdings, Inc. (a) 6,907 186,489 
Neuronetics, Inc. 668 11,136 
OptiNose, Inc. (a) 1,510 15,040 
Owens & Minor, Inc. 5,646 19,253 
Patterson Companies, Inc. 8,355 182,473 
PetIQ, Inc. Class A (a)(b) 1,447 39,749 
Premier, Inc. (a) 5,381 178,811 
Providence Service Corp. 1,316 87,290 
Quest Diagnostics, Inc. 14,437 1,391,438 
R1 RCM, Inc. (a) 10,156 106,333 
RadNet, Inc. (a) 3,885 47,047 
Select Medical Holdings Corp. (a) 11,268 161,921 
Surgery Partners, Inc. (a) 1,486 16,093 
Tenet Healthcare Corp. (a) 8,613 188,625 
The Ensign Group, Inc. 5,225 269,192 
Tivity Health, Inc. (a) 4,093 88,491 
Triple-S Management Corp. (a) 1,922 43,668 
U.S. Physical Therapy, Inc. 1,340 156,097 
UnitedHealth Group, Inc. 102,110 23,798,778 
Universal Health Services, Inc. Class B 9,143 1,159,972 
Wellcare Health Plans, Inc. (a) 5,338 1,379,072 
  73,988,398 
Health Care Technology - 0.2%   
Allscripts Healthcare Solutions, Inc. (a) 17,443 172,162 
Castlight Health, Inc. Class B (a) 6,591 24,584 
Cerner Corp. (a) 34,767 2,310,267 
Computer Programs & Systems, Inc. 2,468 75,003 
Evolent Health, Inc. (a) 7,540 102,167 
HealthStream, Inc. 3,984 104,301 
HMS Holdings Corp. (a) 8,783 267,267 
Inovalon Holdings, Inc. Class A (a)(b) 7,402 100,149 
Medidata Solutions, Inc. (a) 6,503 587,481 
Nextgen Healthcare, Inc. (a) 6,182 116,160 
Omnicell, Inc. (a) 4,193 336,949 
Tabula Rasa HealthCare, Inc. (a)(b) 1,929 102,739 
Teladoc Health, Inc. (a)(b) 7,344 417,727 
Veeva Systems, Inc. Class A (a) 12,934 1,809,079 
Vocera Communications, Inc. (a) 3,122 99,436 
  6,625,471 
Life Sciences Tools & Services - 1.0%   
Accelerate Diagnostics, Inc. (a)(b) 2,275 44,363 
Agilent Technologies, Inc. 33,927 2,663,270 
Bio-Rad Laboratories, Inc. Class A (a) 2,131 641,282 
Bio-Techne Corp. 3,999 818,155 
Bruker Corp. 10,846 418,656 
Cambrex Corp. (a) 3,705 159,389 
Charles River Laboratories International, Inc. (a) 5,190 729,039 
Codexis, Inc. (a) 5,012 98,736 
Fluidigm Corp. (a) 5,573 76,573 
Illumina, Inc. (a) 15,622 4,874,064 
IQVIA Holdings, Inc. (a) 16,896 2,346,854 
Luminex Corp. 4,705 107,321 
Medpace Holdings, Inc. (a) 2,835 159,242 
Mettler-Toledo International, Inc. (a) 2,665 1,986,118 
Nanostring Technologies, Inc. (a) 2,785 72,326 
NeoGenomics, Inc. (a) 9,385 195,490 
Pacific Biosciences of California, Inc. (a) 13,190 97,474 
PerkinElmer, Inc. 11,768 1,127,845 
PRA Health Sciences, Inc. (a) 6,444 623,908 
Syneos Health, Inc. (a) 6,298 295,565 
Thermo Fisher Scientific, Inc. 42,729 11,855,161 
Waters Corp. (a) 8,053 1,719,638 
  31,110,469 
Pharmaceuticals - 4.0%   
AcelRx Pharmaceuticals, Inc. (a) 5,875 22,736 
Aclaris Therapeutics, Inc. (a) 3,290 20,727 
Adamis Pharmaceuticals Corp. (a) 3,327 6,820 
Aerie Pharmaceuticals, Inc. (a) 4,094 156,186 
Akcea Therapeutics, Inc. (a)(b) 1,709 42,879 
Akorn, Inc. (a) 7,762 20,957 
Allergan PLC 33,699 4,953,753 
Amneal Pharmaceuticals, Inc. (a) 8,014 103,140 
Amphastar Pharmaceuticals, Inc. (a) 3,963 85,561 
ANI Pharmaceuticals, Inc. (a) 793 56,287 
Aratana Therapeutics, Inc. (a) 5,046 23,716 
Assertio Therapeutics, Inc. (a) 5,743 23,948 
Athenex, Inc. (a) 3,802 37,564 
Biodelivery Sciences International, Inc. (a) 4,781 23,092 
Bristol-Myers Squibb Co. 173,368 8,049,476 
Catalent, Inc. (a) 15,344 687,718 
Collegium Pharmaceutical, Inc. (a) 2,556 35,605 
Corcept Therapeutics, Inc. (a)(b) 10,511 130,126 
Cyclerion Therapeutics, Inc. (a) 1,414 21,535 
CymaBay Therapeutics, Inc. (a) 6,641 85,071 
Dermira, Inc. (a) 3,726 41,321 
Dova Pharmaceuticals, Inc. (a) 1,385 12,742 
Eli Lilly & Co. 100,127 11,718,864 
Endo International PLC (a) 20,807 156,053 
Evolus, Inc. (a)(b) 838 20,430 
Horizon Pharma PLC (a) 18,050 460,817 
Innoviva, Inc. (a) 7,106 99,697 
Intersect ENT, Inc. (a) 3,174 103,123 
Intra-Cellular Therapies, Inc. (a) 4,756 62,637 
Jazz Pharmaceuticals PLC (a) 6,461 838,444 
Johnson & Johnson 284,494 40,170,553 
Kala Pharmaceuticals, Inc. (a) 2,002 15,536 
Lannett Co., Inc. (a) 4,324 33,252 
Mallinckrodt PLC (a) 8,447 130,591 
Marinus Pharmaceuticals, Inc. (a) 4,385 21,662 
Merck & Co., Inc. 276,037 21,726,872 
Mylan NV (a) 54,989 1,484,153 
MyoKardia, Inc. (a) 3,517 168,746 
Nektar Therapeutics (a) 18,297 585,870 
Neos Therapeutics, Inc. (a) 4,171 10,052 
Ocular Therapeutix, Inc. (a) 4,110 15,413 
Omeros Corp. (a)(b) 4,424 83,348 
Pacira Biosciences, Inc. (a) 4,584 182,535 
Paratek Pharmaceuticals, Inc. (a)(b) 2,578 14,205 
Perrigo Co. PLC 13,382 641,265 
Pfizer, Inc. 613,538 24,915,778 
Phibro Animal Health Corp. Class A 1,817 63,068 
Prestige Brands Holdings, Inc. (a) 5,953 175,137 
Reata Pharmaceuticals, Inc. (a) 1,630 127,890 
Revance Therapeutics, Inc. (a) 3,484 46,128 
Rhythm Pharmaceuticals, Inc. (a) 1,900 48,032 
SIGA Technologies, Inc. (a) 3,980 20,855 
Supernus Pharmaceuticals, Inc. (a) 5,304 194,816 
The Medicines Company (a) 6,648 212,404 
TherapeuticsMD, Inc. (a)(b) 20,568 88,442 
Theravance Biopharma, Inc. (a) 4,583 109,305 
Tricida, Inc. 1,424 48,786 
WAVE Life Sciences (a) 1,401 37,169 
Zoetis, Inc. Class A 50,896 5,183,249 
Zogenix, Inc. (a) 4,266 166,331 
Zynerba Pharmaceuticals, Inc. (a) 1,835 22,974 
  124,845,442 
TOTAL HEALTH CARE  417,312,941 
INDUSTRIALS - 10.2%   
Aerospace & Defense - 2.4%   
AAR Corp. 3,796 128,191 
Aerojet Rocketdyne Holdings, Inc. (a) 7,645 258,860 
AeroVironment, Inc. (a) 2,249 154,191 
Arconic, Inc. 45,746 982,624 
Astronics Corp. (a) 2,776 92,552 
Axon Enterprise, Inc. (a) 6,128 389,128 
BWX Technologies, Inc. 10,406 531,747 
Cubic Corp. 2,822 160,233 
Curtiss-Wright Corp. 4,569 520,592 
Ducommun, Inc. (a) 902 36,603 
General Dynamics Corp. 29,590 5,288,325 
Harris Corp. 12,453 2,098,331 
HEICO Corp. 4,246 448,080 
HEICO Corp. Class A 7,616 681,099 
Hexcel Corp. 9,240 653,360 
Huntington Ingalls Industries, Inc. 4,525 1,007,175 
KEYW Holding Corp. (a) 4,849 54,988 
Kratos Defense & Security Solutions, Inc. (a) 8,737 138,744 
L3 Technologies, Inc. 8,364 1,828,203 
Lockheed Martin Corp. 26,253 8,750,912 
Mercury Systems, Inc. (a) 5,039 367,948 
Moog, Inc. Class A 3,427 320,904 
National Presto Industries, Inc. 450 47,925 
Northrop Grumman Corp. 18,449 5,348,550 
Raytheon Co. 30,229 5,368,368 
Spirit AeroSystems Holdings, Inc. Class A 11,278 980,058 
Teledyne Technologies, Inc. (a) 3,858 958,752 
Textron, Inc. 25,984 1,377,152 
The Boeing Co. 56,042 21,166,503 
TransDigm Group, Inc. (a) 5,135 2,477,740 
Triumph Group, Inc. 5,196 123,301 
United Technologies Corp. 86,068 12,274,157 
Vectrus, Inc. (a) 1,581 64,110 
Wesco Aircraft Holdings, Inc. (a) 7,089 59,831 
  75,139,237 
Air Freight & Logistics - 0.5%   
Air Transport Services Group, Inc. (a) 5,956 140,145 
Atlas Air Worldwide Holdings, Inc. (a) 2,631 127,051 
C.H. Robinson Worldwide, Inc. 14,648 1,186,488 
Echo Global Logistics, Inc. (a) 2,525 57,924 
Expeditors International of Washington, Inc. 18,247 1,449,177 
FedEx Corp. 25,757 4,879,921 
Forward Air Corp. 2,913 184,451 
Hub Group, Inc. Class A (a) 3,348 139,176 
United Parcel Service, Inc. Class B 73,788 7,837,761 
XPO Logistics, Inc. (a)(b) 13,444 915,268 
  16,917,362 
Airlines - 0.4%   
Alaska Air Group, Inc. 13,239 819,494 
Allegiant Travel Co. 1,323 194,322 
American Airlines Group, Inc. 43,667 1,492,538 
Delta Air Lines, Inc. 66,167 3,856,874 
Hawaiian Holdings, Inc. 5,127 144,633 
JetBlue Airways Corp. (a) 32,454 602,022 
Mesa Air Group, Inc. 1,231 11,251 
SkyWest, Inc. 5,566 342,810 
Southwest Airlines Co. 53,716 2,913,019 
Spirit Airlines, Inc. (a) 7,365 400,509 
United Continental Holdings, Inc. (a) 24,236 2,153,611 
  12,931,083 
Building Products - 0.4%   
A.O. Smith Corp. 15,320 805,372 
AAON, Inc. 4,441 222,983 
Advanced Drain Systems, Inc. Del 6,021 168,889 
Allegion PLC 9,972 989,522 
American Woodmark Corp. (a) 2,042 183,637 
Apogee Enterprises, Inc. 3,171 127,791 
Armstrong World Industries, Inc. 5,392 467,325 
Builders FirstSource, Inc. (a) 11,437 157,602 
Continental Building Products, Inc. (a) 3,400 87,210 
COVIA Corp. (a) 2,428 11,679 
CSW Industrials, Inc. 1,416 84,889 
Fortune Brands Home & Security, Inc. 15,125 798,298 
GCP Applied Technologies, Inc. (a) 7,944 228,708 
Gibraltar Industries, Inc. (a) 3,180 126,151 
GMS, Inc. (a) 3,701 65,212 
Griffon Corp. 2,924 57,369 
Insteel Industries, Inc. 1,963 41,105 
Jeld-Wen Holding, Inc. (a) 6,803 134,359 
Johnson Controls International PLC 97,856 3,669,600 
Lennox International, Inc. 3,864 1,048,883 
Masco Corp. 32,476 1,268,513 
Masonite International Corp. (a) 2,992 154,058 
NCI Building Systems, Inc. (a) 3,847 22,005 
Owens Corning 11,785 604,217 
Patrick Industries, Inc. (a) 2,411 120,237 
PGT, Inc. (a) 6,122 89,749 
Quanex Building Products Corp. 3,253 54,390 
Resideo Technologies, Inc. (a) 12,656 287,291 
Simpson Manufacturing Co. Ltd. 4,137 263,444 
Trex Co., Inc. (a) 6,198 429,335 
Universal Forest Products, Inc. 6,733 248,784 
  13,018,607 
Commercial Services & Supplies - 0.6%   
ABM Industries, Inc. 6,972 264,727 
ACCO Brands Corp. 10,267 93,840 
ADS Waste Holdings, Inc. (a) 7,402 239,381 
Brady Corp. Class A 5,441 265,466 
BrightView Holdings, Inc. 2,073 33,251 
Casella Waste Systems, Inc. Class A (a) 3,987 148,795 
Cintas Corp. 9,200 1,997,688 
Clean Harbors, Inc. (a) 5,370 408,120 
Copart, Inc. (a) 21,866 1,472,019 
Covanta Holding Corp. 12,147 219,496 
Deluxe Corp. 4,964 221,990 
Ennis, Inc. 2,452 49,481 
Evoqua Water Technologies Corp. (a) 6,261 85,275 
Healthcare Services Group, Inc. 7,938 268,701 
Heritage-Crystal Clean, Inc. (a) 1,458 41,888 
Herman Miller, Inc. 6,884 267,237 
HNI Corp. 4,484 164,608 
Interface, Inc. 6,964 111,703 
KAR Auction Services, Inc. 14,157 799,587 
Kimball International, Inc. Class B 3,918 61,356 
Knoll, Inc. 4,401 96,118 
LSC Communications, Inc. 2,942 20,565 
Matthews International Corp. Class A 3,508 140,530 
McGrath RentCorp. 2,449 151,838 
Mobile Mini, Inc. 4,646 167,349 
MSA Safety, Inc. 3,614 397,215 
Multi-Color Corp. 1,365 68,114 
Pitney Bowes, Inc. 18,611 132,324 
Quad/Graphics, Inc. 2,496 30,476 
R.R. Donnelley & Sons Co. 8,443 39,007 
Republic Services, Inc. 22,985 1,903,618 
Rollins, Inc. 15,743 608,782 
SP Plus Corp. (a) 1,970 68,004 
Steelcase, Inc. Class A 9,274 160,347 
Stericycle, Inc. (a) 9,165 535,144 
Team, Inc. (a) 2,994 50,599 
Tetra Tech, Inc. 5,941 384,502 
The Brink's Co. 5,333 426,267 
U.S. Ecology, Inc. 2,420 147,644 
UniFirst Corp. 1,672 264,393 
Viad Corp. 2,304 141,258 
Waste Management, Inc. 41,496 4,454,181 
  17,602,884 
Construction & Engineering - 0.2%   
AECOM (a) 16,169 548,129 
Aegion Corp. (a) 3,534 70,362 
Ameresco, Inc. Class A (a) 1,701 25,617 
Arcosa, Inc. 5,223 162,592 
Argan, Inc. 1,334 63,792 
Comfort Systems U.S.A., Inc. 3,759 203,362 
Dycom Industries, Inc. (a) 3,427 169,945 
EMCOR Group, Inc. 6,046 508,710 
Fluor Corp. 15,225 604,889 
Granite Construction, Inc. 5,043 226,380 
Great Lakes Dredge & Dock Corp. (a) 5,848 59,825 
HC2 Holdings, Inc. (a) 4,118 8,813 
Jacobs Engineering Group, Inc. 12,789 996,775 
KBR, Inc. 14,590 324,190 
Keane Group, Inc. (a) 3,749 39,327 
MasTec, Inc. (a)(b) 6,964 352,727 
MYR Group, Inc. (a) 1,450 52,418 
NV5 Holdings, Inc. (a) 831 52,636 
Orion Group Holdings, Inc. (a) 3,592 9,303 
Primoris Services Corp. 4,987 109,315 
Quanta Services, Inc. 15,786 640,912 
Sterling Construction Co., Inc. (a) 2,484 33,683 
Tutor Perini Corp. (a) 4,368 87,229 
Valmont Industries, Inc. 2,279 307,300 
Williams Scotsman Corp. (a) 3,566 48,034 
  5,706,265 
Electrical Equipment - 0.6%   
Acuity Brands, Inc. 4,174 610,781 
Allied Motion Technologies, Inc. 696 25,481 
AMETEK, Inc. 24,593 2,168,365 
AZZ, Inc. 2,624 124,614 
Eaton Corp. PLC 45,981 3,808,146 
Emerson Electric Co. 66,520 4,722,255 
Encore Wire Corp. 2,181 129,311 
Energous Corp. (a) 2,003 10,155 
EnerSys 4,504 311,632 
Enphase Energy, Inc. (a) 8,301 83,342 
Fortive Corp. 31,150 2,689,491 
Generac Holdings, Inc. (a) 6,430 353,586 
GrafTech International Ltd. 6,351 72,719 
Hubbell, Inc. Class B 5,747 733,317 
Plug Power, Inc. (a)(b) 24,829 61,824 
Regal Beloit Corp. 4,660 396,473 
Rockwell Automation, Inc. 12,791 2,311,462 
Sensata Technologies, Inc. PLC (a) 17,340 865,960 
Sunrun, Inc. (a) 7,757 117,984 
Thermon Group Holdings, Inc. (a) 3,904 100,684 
TPI Composites, Inc. (a) 1,806 55,896 
Vicor Corp. (a) 1,825 68,456 
Vivint Solar, Inc. (a) 4,161 22,511 
  19,844,445 
Industrial Conglomerates - 1.3%   
3M Co. 61,791 11,710,012 
Carlisle Companies, Inc. 6,252 884,158 
General Electric Co. 923,233 9,389,280 
Honeywell International, Inc. 78,439 13,619,364 
ITT, Inc. 9,019 546,100 
Raven Industries, Inc. 3,755 146,107 
Roper Technologies, Inc. 10,956 3,940,873 
  40,235,894 
Machinery - 1.9%   
Actuant Corp. Class A 6,208 158,801 
AGCO Corp. 6,763 478,685 
Alamo Group, Inc. 1,027 106,438 
Albany International Corp. Class A 3,187 235,742 
Allison Transmission Holdings, Inc. 12,906 604,775 
Altra Industrial Motion Corp. 7,075 265,242 
Apergy Corp. (a) 8,132 322,759 
Astec Industries, Inc. 2,443 82,354 
Barnes Group, Inc. 5,023 279,379 
Blue Bird Corp. (a) 1,304 22,572 
Briggs & Stratton Corp. 4,195 51,179 
Cactus, Inc. (a) 3,938 142,949 
Caterpillar, Inc. 62,627 8,731,456 
Chart Industries, Inc. (a) 3,375 297,911 
CIRCOR International, Inc. (a) 2,115 71,318 
Colfax Corp. (a) 9,835 296,722 
Columbus McKinnon Corp. (NY Shares) 2,284 89,898 
Commercial Vehicle Group, Inc. (a) 2,190 19,535 
Crane Co. 5,166 439,368 
Cummins, Inc. 15,646 2,601,773 
Deere & Co. 34,140 5,654,608 
Donaldson Co., Inc. 13,754 736,389 
Douglas Dynamics, Inc. 2,453 92,625 
Dover Corp. 15,531 1,522,659 
Energy Recovery, Inc. (a) 3,032 29,501 
EnPro Industries, Inc. 2,190 162,761 
ESCO Technologies, Inc. 6,251 468,825 
Federal Signal Corp. 6,642 191,090 
Flowserve Corp. 13,795 676,369 
Franklin Electric Co., Inc. 4,332 211,662 
Gardner Denver Holdings, Inc. (a) 13,513 456,064 
Gates Industrial Corp. PLC (a) 5,409 86,977 
Global Brass & Copper Holdings, Inc. 2,466 107,000 
Gorman-Rupp Co. 2,054 68,398 
Graco, Inc. 17,288 886,010 
Greenbrier Companies, Inc. 3,360 119,381 
Harsco Corp. (a) 8,184 185,286 
Hillenbrand, Inc. 6,666 286,771 
Hyster-Yale Materials Handling Class A 848 56,494 
IDEX Corp. 8,051 1,261,270 
Illinois Tool Works, Inc. 32,402 5,042,723 
Ingersoll-Rand PLC 25,968 3,183,936 
John Bean Technologies Corp. 3,350 367,797 
Kadant, Inc. 992 97,305 
Kennametal, Inc. 8,740 355,718 
Lincoln Electric Holdings, Inc. 6,878 600,243 
Lindsay Corp. 1,198 101,830 
Lydall, Inc. (a) 1,476 36,324 
Manitowoc Co., Inc. (a) 3,144 56,152 
Meritor, Inc. (a) 8,858 214,895 
Middleby Corp. (a) 5,889 778,114 
Milacron Holdings Corp. (a) 7,558 110,422 
Mueller Industries, Inc. 5,998 174,962 
Mueller Water Products, Inc. Class A 17,322 185,865 
Navistar International Corp. New (a) 6,771 231,162 
NN, Inc. 3,908 35,328 
Nordson Corp. 5,472 798,638 
Oshkosh Corp. 7,569 625,124 
PACCAR, Inc. 36,965 2,649,282 
Parker Hannifin Corp. 14,004 2,535,844 
Pentair PLC 16,939 660,452 
ProPetro Holding Corp. (a) 7,875 174,274 
Proto Labs, Inc. (a) 2,819 309,498 
RBC Bearings, Inc. (a) 2,610 359,006 
Rexnord Corp. (a) 11,127 318,232 
Snap-On, Inc. 5,854 985,111 
Spartan Motors, Inc. 2,954 27,472 
SPX Corp. (a) 4,410 160,965 
SPX Flow, Inc. (a) 4,374 157,202 
Standex International Corp. 1,436 94,877 
Stanley Black & Decker, Inc. 15,958 2,339,443 
Sun Hydraulics Corp. 2,997 156,863 
Tennant Co. 2,065 137,075 
Terex Corp. 6,540 217,978 
Timken Co. 7,390 354,351 
Titan International, Inc. 4,843 33,562 
Toro Co. 11,130 814,160 
TriMas Corp. (a) 4,389 135,752 
Trinity Industries, Inc. 15,452 333,145 
Wabash National Corp. 4,989 75,234 
WABCO Holdings, Inc. (a) 5,488 726,831 
Wabtec Corp. 14,216 1,052,979 
Watts Water Technologies, Inc. Class A 3,062 262,077 
Welbilt, Inc. (a) 13,127 220,927 
Woodward, Inc. 5,846 636,629 
Xylem, Inc. 19,075 1,590,855 
  59,075,610 
Marine - 0.0%   
Eagle Bulk Shipping, Inc. (a) 6,684 36,428 
Genco Shipping & Trading Ltd. (a) 1,561 15,766 
Kirby Corp. (a) 5,684 464,496 
Matson, Inc. 4,276 169,372 
  686,062 
Professional Services - 0.5%   
Asgn, Inc. (a) 5,781 364,434 
Barrett Business Services, Inc. 644 46,922 
BG Staffing, Inc. 826 19,304 
CBIZ, Inc. (a) 6,261 120,900 
CoStar Group, Inc. (a) 3,864 1,917,510 
CRA International, Inc. 759 39,529 
Equifax, Inc. 12,775 1,609,011 
Exponent, Inc. 5,625 318,488 
Forrester Research, Inc. 984 50,046 
FTI Consulting, Inc. (a) 4,038 343,149 
Heidrick & Struggles International, Inc. 1,723 61,649 
Huron Consulting Group, Inc. (a) 2,411 116,524 
ICF International, Inc. 2,154 167,732 
IHS Markit Ltd. (a) 37,769 2,162,653 
InnerWorkings, Inc. (a) 4,096 13,844 
Insperity, Inc. 4,082 488,044 
Kelly Services, Inc. Class A (non-vtg.) 4,475 99,614 
Kforce, Inc. 2,396 86,304 
Korn Ferry 6,609 310,755 
Manpower, Inc. 6,660 639,626 
Navigant Consulting, Inc. 4,705 107,415 
Nielsen Holdings PLC 37,872 966,872 
Resources Connection, Inc. 2,902 46,606 
Robert Half International, Inc. 13,107 813,814 
TransUnion Holding Co., Inc. 19,714 1,373,080 
TriNet Group, Inc. (a) 4,511 281,216 
TrueBlue, Inc. (a) 4,828 116,644 
Verisk Analytics, Inc. 17,311 2,443,275 
WageWorks, Inc. (a) 4,228 206,284 
Willdan Group, Inc. (a) 874 34,549 
  15,365,793 
Road & Rail - 1.1%   
AMERCO 791 295,177 
ArcBest Corp. 2,699 82,481 
Avis Budget Group, Inc. (a) 6,926 246,219 
Covenant Transport Group, Inc. Class A (a) 1,130 22,069 
CSX Corp. 85,019 6,770,063 
Daseke, Inc. (a) 5,322 27,462 
Genesee & Wyoming, Inc. Class A (a) 6,291 557,697 
Heartland Express, Inc. 5,414 106,548 
Hertz Global Holdings, Inc. (a) 5,527 100,481 
J.B. Hunt Transport Services, Inc. 9,251 874,034 
Kansas City Southern 10,818 1,332,129 
Knight-Swift Transportation Holdings, Inc. Class A (b) 13,166 439,086 
Landstar System, Inc. 4,424 482,039 
Marten Transport Ltd. 3,470 68,637 
Norfolk Southern Corp. 28,866 5,889,241 
Old Dominion Freight Lines, Inc. 6,990 1,043,467 
Ryder System, Inc. 5,568 350,784 
Saia, Inc. (a) 2,882 185,572 
Schneider National, Inc. Class B 3,889 81,280 
U.S. Xpress Enterprises, Inc. 1,582 10,663 
U.S.A. Truck, Inc. (a) 723 10,296 
Union Pacific Corp. 78,108 13,828,240 
Universal Logistics Holdings, Inc. 849 20,733 
Werner Enterprises, Inc. 4,675 156,613 
YRC Worldwide, Inc. (a) 3,002 20,444 
  33,001,455 
Trading Companies & Distributors - 0.3%   
Air Lease Corp. Class A 10,678 411,744 
Aircastle Ltd. 4,914 97,887 
Applied Industrial Technologies, Inc. 3,953 236,943 
Beacon Roofing Supply, Inc. (a) 7,277 274,052 
BlueLinx Corp. (a)(b) 856 22,016 
BMC Stock Holdings, Inc. (a) 7,301 150,255 
CAI International, Inc. (a) 1,519 37,717 
DXP Enterprises, Inc. (a) 1,743 74,757 
Fastenal Co. 30,395 2,144,367 
GATX Corp. (b) 3,917 302,118 
General Finance Corp. (a) 1,624 15,103 
H&E Equipment Services, Inc. 2,981 90,652 
HD Supply Holdings, Inc. (a) 19,791 904,251 
Herc Holdings, Inc. (a) 2,624 126,372 
Kaman Corp. 2,931 181,458 
MRC Global, Inc. (a) 9,083 157,408 
MSC Industrial Direct Co., Inc. Class A 4,951 414,151 
Now, Inc. (a) 11,384 166,434 
Rush Enterprises, Inc. Class A 3,294 139,699 
SiteOne Landscape Supply, Inc. (a)(b) 4,431 298,206 
Systemax, Inc. 1,597 36,268 
Textainer Group Holdings Ltd. (a) 2,087 20,014 
Titan Machinery, Inc. (a) 1,700 29,240 
Triton International Ltd. 5,051 166,430 
United Rentals, Inc. (a) 8,541 1,203,598 
Univar, Inc. (a) 12,543 280,085 
Veritiv Corp. (a) 1,159 32,325 
W.W. Grainger, Inc. 4,868 1,372,776 
Watsco, Inc. 3,374 534,678 
WESCO International, Inc. (a) 5,907 338,117 
  10,259,121 
Transportation Infrastructure - 0.0%   
Macquarie Infrastructure Co. LLC 8,296 336,071 
TOTAL INDUSTRIALS  320,119,889 
INFORMATION TECHNOLOGY - 21.4%   
Communications Equipment - 1.2%   
Acacia Communications, Inc. (a) 2,938 170,051 
ADTRAN, Inc. 5,338 91,493 
Applied Optoelectronics, Inc. (a)(b) 1,198 14,999 
Arista Networks, Inc. (a) 5,551 1,733,522 
CalAmp Corp. (a) 3,365 49,163 
Calix Networks, Inc. (a) 6,689 45,820 
Ciena Corp. (a) 15,207 583,341 
Cisco Systems, Inc. 477,020 26,689,269 
CommScope Holding Co., Inc. (a) 20,620 510,964 
Comtech Telecommunications Corp. 2,043 48,072 
EchoStar Holding Corp. Class A (a) 5,011 199,688 
Extreme Networks, Inc. (a) 12,597 100,776 
F5 Networks, Inc. (a) 6,406 1,005,101 
Finisar Corp. (a) 12,463 300,483 
Harmonic, Inc. (a) 7,667 43,395 
Infinera Corp. (a) 13,938 60,491 
InterDigital, Inc. 3,570 233,442 
Juniper Networks, Inc. 36,372 1,010,050 
Lumentum Holdings, Inc. (a) 7,917 490,616 
Maxar Technologies, Inc. (b) 5,171 25,493 
Motorola Solutions, Inc. 17,337 2,512,305 
NETGEAR, Inc. (a) 3,233 100,320 
NetScout Systems, Inc. (a) 7,806 229,496 
Plantronics, Inc. 3,450 177,606 
Quantenna Communications, Inc. (a) 3,015 73,415 
Sonus Networks, Inc. (a) 5,586 29,941 
Ubiquiti Networks, Inc. (b) 2,066 352,150 
ViaSat, Inc. (a) 5,911 536,837 
Viavi Solutions, Inc. (a) 24,356 323,935 
  37,742,234 
Electronic Equipment & Components - 0.9%   
ADT, Inc. 13,243 87,271 
Amphenol Corp. Class A 31,943 3,180,245 
Anixter International, Inc. (a) 3,458 217,404 
Arlo Technologies, Inc. 6,591 26,166 
Arrow Electronics, Inc. (a) 9,167 774,703 
Avnet, Inc. 11,465 557,314 
AVX Corp. 5,959 97,191 
Badger Meter, Inc. 3,171 175,927 
Belden, Inc. 4,265 236,921 
Benchmark Electronics, Inc. 6,188 167,262 
Cardtronics PLC (a) 3,743 133,850 
Casa Systems, Inc. (a) 2,708 25,970 
CDW Corp. 15,882 1,677,139 
Cognex Corp. 18,403 928,063 
Coherent, Inc. (a) 2,561 379,054 
Control4 Corp. (a) 2,333 40,618 
Corning, Inc. 84,918 2,704,638 
CTS Corp. 3,863 115,697 
Daktronics, Inc. 4,346 32,943 
Dell Technologies, Inc. (a) 15,912 1,072,628 
Dolby Laboratories, Inc. Class A 6,805 440,215 
ePlus, Inc. (a) 1,443 136,060 
Fabrinet (a) 3,762 227,676 
FARO Technologies, Inc. (a) 1,889 106,256 
Fitbit, Inc. (a)(b) 22,391 118,224 
FLIR Systems, Inc. 14,488 766,995 
II-VI, Inc. (a) 6,180 246,211 
Insight Enterprises, Inc. (a) 3,668 207,535 
IPG Photonics Corp. (a)(b) 3,867 675,681 
Itron, Inc. (a) 3,634 195,000 
Jabil, Inc. 15,673 473,481 
KEMET Corp. 5,956 106,434 
Keysight Technologies, Inc. (a) 19,902 1,732,071 
Knowles Corp. (a) 9,649 182,173 
Littelfuse, Inc. 2,700 542,835 
Mesa Laboratories, Inc. 353 83,552 
Methode Electronics, Inc. Class A 4,137 122,083 
MTS Systems Corp. 1,953 107,376 
National Instruments Corp. 11,848 558,041 
Novanta, Inc. (a) 3,384 294,476 
OSI Systems, Inc. (a) 1,696 152,860 
Par Technology Corp. (a) 922 21,861 
Park Electrochemical Corp. 2,147 35,318 
PC Connection, Inc. 995 36,974 
PC Mall, Inc. (a) 936 25,824 
Plexus Corp. (a) 3,771 226,939 
Rogers Corp. (a) 1,950 326,664 
Sanmina Corp. (a) 7,444 252,500 
ScanSource, Inc. (a) 2,326 87,574 
SYNNEX Corp. 4,437 478,664 
TE Connectivity Ltd. 36,399 3,481,564 
Tech Data Corp. (a) 4,012 427,719 
Trimble, Inc. (a) 26,378 1,076,750 
TTM Technologies, Inc. (a) 10,377 137,391 
Vishay Intertechnology, Inc. 13,657 270,545 
Vishay Precision Group, Inc. (a) 1,150 43,551 
Zebra Technologies Corp. Class A (a) 5,717 1,207,087 
  28,243,164 
Internet Software & Services - 0.0%   
Razer, Inc. (a)(c) 416,000 107,118 
IT Services - 5.1%   
Accenture PLC Class A 67,577 12,344,291 
Akamai Technologies, Inc. (a) 17,366 1,390,322 
Alliance Data Systems Corp. 4,967 795,217 
Amdocs Ltd. 14,845 817,663 
Automatic Data Processing, Inc. 46,426 7,631,970 
Booz Allen Hamilton Holding Corp. Class A 15,075 893,797 
Broadridge Financial Solutions, Inc. 12,438 1,469,301 
CACI International, Inc. Class A (a) 2,573 501,581 
Carbonite, Inc. (a) 3,495 85,732 
Cass Information Systems, Inc. 1,200 59,196 
Cognizant Technology Solutions Corp. Class A 61,528 4,489,083 
Conduent, Inc. (a) 19,600 251,468 
CoreLogic, Inc. (a) 8,430 342,342 
CSG Systems International, Inc. 3,298 147,256 
DXC Technology Co. 29,827 1,960,827 
Endurance International Group Holdings, Inc. (a) 6,955 38,461 
EPAM Systems, Inc. (a) 5,433 974,463 
Euronet Worldwide, Inc. (a) 5,547 831,440 
Everi Holdings, Inc. (a) 6,681 68,747 
EVERTEC, Inc. 6,125 191,774 
EVO Payments, Inc. Class A 2,782 82,653 
ExlService Holdings, Inc. (a) 3,916 232,610 
Fidelity National Information Services, Inc. 34,666 4,018,829 
First Data Corp. Class A (a) 59,918 1,549,479 
Fiserv, Inc. (a) 42,378 3,697,057 
FleetCor Technologies, Inc. (a) 9,372 2,445,623 
Gartner, Inc. (a) 9,555 1,518,958 
Genpact Ltd. 14,875 539,963 
Global Payments, Inc. 16,818 2,456,605 
GoDaddy, Inc. (a) 17,833 1,453,390 
GreenSky, Inc. Class A 4,630 73,987 
GTT Communications, Inc. (a)(b) 3,361 140,994 
Hackett Group, Inc. 2,565 39,373 
i3 Verticals, Inc. Class A 715 17,260 
IBM Corp. 96,426 13,525,675 
Internap Network Services Corp. (a) 1,445 5,693 
Jack Henry & Associates, Inc. 8,255 1,230,490 
Leidos Holdings, Inc. 15,685 1,152,534 
Limelight Networks, Inc. (a) 10,498 31,179 
Liveramp Holdings, Inc. (a) 7,354 428,959 
ManTech International Corp. Class A 2,796 173,324 
MasterCard, Inc. Class A 96,349 24,495,770 
Maximus, Inc. 6,789 500,010 
MongoDB, Inc. Class A (a)(b) 2,925 412,191 
NIC, Inc. 6,832 117,920 
Okta, Inc. (a) 8,311 864,593 
Paychex, Inc. 33,796 2,849,341 
PayPal Holdings, Inc. (a) 125,023 14,098,844 
Perficient, Inc. (a) 5,040 148,378 
Perspecta, Inc. 14,553 335,883 
Presidio, Inc. 2,470 37,099 
Sabre Corp. 28,881 599,570 
Science Applications International Corp. 5,476 410,426 
ServiceSource International, Inc. (a) 8,303 8,801 
Square, Inc. (a) 32,630 2,376,117 
Switch, Inc. Class A 3,213 34,925 
Sykes Enterprises, Inc. (a) 3,973 110,251 
The Western Union Co. 46,269 899,469 
Total System Services, Inc. 17,816 1,821,508 
Travelport Worldwide Ltd. 12,912 202,460 
Ttec Holdings, Inc. 1,361 49,622 
Twilio, Inc. Class A (a) 8,444 1,158,010 
Unisys Corp. (a)(b) 5,904 66,184 
VeriSign, Inc. (a) 11,303 2,231,777 
Virtusa Corp. (a) 2,815 156,373 
Visa, Inc. Class A 186,313 30,635,447 
WEX, Inc. (a) 4,553 957,496 
Worldpay, Inc. (a) 32,093 3,761,621 
  159,439,652 
Semiconductors & Semiconductor Equipment - 3.8%   
Adesto Technologies Corp. (a) 2,618 16,677 
Advanced Energy Industries, Inc. (a) 4,057 234,332 
Advanced Micro Devices, Inc. (a) 93,412 2,580,974 
Amkor Technology, Inc. (a) 13,443 121,794 
Analog Devices, Inc. 39,306 4,568,929 
Applied Materials, Inc. 104,332 4,597,911 
Aquantia Corp. (a) 2,495 23,727 
Axcelis Technologies, Inc. (a) 2,928 62,337 
AXT, Inc. (a) 3,490 19,893 
Broadcom, Inc. 43,861 13,965,342 
Brooks Automation, Inc. 7,282 273,148 
Cabot Microelectronics Corp. 2,989 377,361 
Ceva, Inc. (a) 2,851 71,817 
Cirrus Logic, Inc. (a) 6,253 297,518 
Cohu, Inc. 3,615 53,610 
Cree, Inc. (a) 10,810 714,433 
Cypress Semiconductor Corp. 38,160 655,589 
Diodes, Inc. (a) 3,960 144,223 
Entegris, Inc. 15,190 620,663 
First Solar, Inc. (a) 7,968 490,271 
FormFactor, Inc. (a) 7,448 141,140 
Ichor Holdings Ltd. (a) 2,018 50,813 
Impinj, Inc. (a) 2,025 59,272 
Inphi Corp. (a) 4,753 217,022 
Intel Corp. 484,160 24,711,526 
KLA-Tencor Corp. 16,205 2,065,813 
Kulicke & Soffa Industries, Inc. 7,451 173,385 
Lam Research Corp. 16,471 3,416,580 
Lattice Semiconductor Corp. (a) 14,130 182,984 
MACOM Technology Solutions Holdings, Inc. (a) 4,708 65,394 
Marvell Technology Group Ltd. 63,166 1,580,413 
Maxim Integrated Products, Inc. 29,555 1,773,300 
MaxLinear, Inc. Class A (a) 6,887 185,329 
Microchip Technology, Inc. (b) 25,178 2,515,030 
Micron Technology, Inc. (a) 119,021 5,006,023 
MKS Instruments, Inc. 5,797 527,585 
Monolithic Power Systems, Inc. 4,122 641,837 
Nanometrics, Inc. (a) 3,001 89,400 
NeoPhotonics Corp. (a) 3,639 24,854 
NVE Corp. 443 42,444 
NVIDIA Corp. 64,725 11,715,225 
ON Semiconductor Corp. (a) 44,982 1,037,285 
PDF Solutions, Inc. (a) 3,407 44,223 
Photronics, Inc. (a) 5,890 55,013 
Pixelworks, Inc. (a) 3,557 16,398 
Power Integrations, Inc. 3,201 252,943 
Qorvo, Inc. (a) 13,153 994,498 
Qualcomm, Inc. 128,602 11,076,490 
Rambus, Inc. (a) 12,104 138,712 
Rudolph Technologies, Inc. (a) 2,680 64,829 
Semtech Corp. (a) 7,092 382,046 
Silicon Laboratories, Inc. (a) 4,558 490,714 
Skyworks Solutions, Inc. 18,917 1,668,101 
SMART Global Holdings, Inc. (a) 1,109 24,110 
SolarEdge Technologies, Inc. (a) 4,611 204,267 
SunPower Corp. (a)(b) 5,379 38,836 
Synaptics, Inc. (a) 3,643 137,232 
Teradyne, Inc. 18,910 926,590 
Texas Instruments, Inc. 101,871 12,003,460 
Ultra Clean Holdings, Inc. (a) 3,807 45,570 
Universal Display Corp. (b) 4,498 717,881 
Veeco Instruments, Inc. (a) 4,287 52,216 
Versum Materials, Inc. 11,445 597,200 
Xilinx, Inc. 26,884 3,229,844 
Xperi Corp. 4,964 123,355 
  119,397,731 
Software - 7.0%   
2U, Inc. (a)(b) 6,232 377,036 
8x8, Inc. (a) 10,274 245,754 
A10 Networks, Inc. (a) 4,723 30,511 
ACI Worldwide, Inc. (a) 12,249 435,084 
Adobe, Inc. (a) 51,784 14,978,522 
Alarm.com Holdings, Inc. (a) 3,561 252,404 
Altair Engineering, Inc. Class A (a) 2,787 109,919 
Alteryx, Inc. Class A (a)(b) 3,175 281,432 
American Software, Inc. Class A 2,498 32,349 
ANSYS, Inc. (a) 8,884 1,739,487 
AppFolio, Inc. (a) 1,153 111,968 
Appian Corp. Class A (a) 2,986 107,765 
Aspen Technology, Inc. (a) 7,429 905,669 
Autodesk, Inc. (a) 23,287 4,149,976 
Avaya Holdings Corp. (a) 10,676 203,698 
Benefitfocus, Inc. (a) 2,382 97,019 
Black Knight, Inc. (a) 15,043 848,726 
Blackbaud, Inc. 5,025 398,432 
BlackLine, Inc. (a) 3,773 192,725 
Bottomline Technologies, Inc. (a) 3,823 193,329 
Box, Inc. Class A (a) 15,562 320,888 
Cadence Design Systems, Inc. (a) 30,048 2,084,730 
Cardlytics, Inc. (a) 1,004 15,662 
CDK Global, Inc. 13,546 817,095 
Ceridian HCM Holding, Inc. 3,997 212,441 
Cision Ltd. (a) 8,320 100,339 
Citrix Systems, Inc. 13,650 1,378,104 
Cloudera, Inc. (a) 24,610 273,909 
CommVault Systems, Inc. (a) 4,109 216,133 
Cornerstone OnDemand, Inc. (a) 6,267 342,492 
Coupa Software, Inc. (a) 5,481 566,352 
Digimarc Corp. (a) 1,019 30,356 
Domo, Inc. Class B 847 32,449 
Dropbox, Inc. Class A (a) 10,230 249,407 
Ebix, Inc. 2,321 117,164 
eGain Communications Corp. (a) 1,590 15,884 
Envestnet, Inc. (a) 4,878 346,289 
Everbridge, Inc. (a) 2,899 214,207 
Fair Isaac Corp. (a) 3,061 856,315 
FireEye, Inc. (a) 21,188 339,432 
Five9, Inc. (a) 6,453 342,461 
Forescout Technologies, Inc. (a) 2,422 101,821 
Fortinet, Inc. (a) 15,409 1,439,509 
Guidewire Software, Inc. (a) 8,488 903,972 
HubSpot, Inc. (a) 3,889 717,482 
Instructure, Inc. (a) 3,116 134,237 
Intuit, Inc. 27,588 6,926,243 
j2 Global, Inc. 4,945 433,281 
LivePerson, Inc. (a) 6,224 182,550 
LogMeIn, Inc. 5,334 439,522 
Manhattan Associates, Inc. (a) 7,092 478,355 
Microsoft Corp. 819,873 107,075,416 
MicroStrategy, Inc. Class A (a) 1,006 150,598 
Mitek Systems, Inc. (a) 3,147 37,449 
MobileIron, Inc. (a) 8,617 51,099 
Model N, Inc. (a) 3,136 58,141 
Monotype Imaging Holdings, Inc. 4,944 85,235 
New Relic, Inc. (a) 4,870 512,519 
Nuance Communications, Inc. (a) 29,923 503,604 
Nutanix, Inc. Class A (a) 7,891 340,812 
Onespan, Inc. (a) 3,925 72,770 
Oracle Corp. 270,251 14,952,988 
Palo Alto Networks, Inc. (a) 10,013 2,491,535 
Parametric Technology Corp. (a) 11,264 1,019,054 
Paycom Software, Inc. (a) 5,137 1,040,397 
Paylocity Holding Corp. (a) 3,414 329,622 
Pegasystems, Inc. 3,715 278,662 
Pivotal Software, Inc. 4,574 99,256 
Pluralsight, Inc. 2,281 80,953 
Progress Software Corp. 4,577 208,757 
Proofpoint, Inc. (a) 5,720 717,402 
PROS Holdings, Inc. (a) 3,433 175,907 
Q2 Holdings, Inc. (a) 4,428 333,960 
QAD, Inc. Class A 976 45,745 
Qualys, Inc. (a) 3,612 326,019 
Rapid7, Inc. (a) 4,207 228,608 
RealPage, Inc. (a) 8,009 522,267 
Red Hat, Inc. (a) 18,723 3,417,509 
RingCentral, Inc. (a) 7,200 837,864 
SailPoint Technologies Holding, Inc. (a) 7,182 202,963 
Salesforce.com, Inc. (a) 81,201 13,426,585 
SecureWorks Corp. (a) 830 16,119 
ServiceNow, Inc. (a) 19,041 5,169,822 
ShotSpotter, Inc. (a) 655 34,519 
Smartsheet, Inc. 1,231 52,108 
Splunk, Inc. (a) 15,543 2,145,556 
SPS Commerce, Inc. (a) 1,973 204,679 
SS&C Technologies Holdings, Inc. 23,101 1,563,014 
Symantec Corp. 67,679 1,638,509 
Synopsys, Inc. (a) 16,020 1,939,702 
Tableau Software, Inc. (a) 7,523 916,377 
Teradata Corp. (a) 12,198 554,643 
The Rubicon Project, Inc. (a) 3,696 23,617 
The Trade Desk, Inc. (a) 3,816 845,168 
TiVo Corp. 12,554 117,631 
Tyler Technologies, Inc. (a) 4,072 944,338 
Ultimate Software Group, Inc. (a) 3,310 1,094,452 
Upland Software, Inc. (a) 1,775 82,520 
Varonis Systems, Inc. (a) 3,166 225,261 
Verint Systems, Inc. (a) 6,830 412,464 
VirnetX Holding Corp. (a) 4,993 31,855 
VMware, Inc. Class A 8,097 1,652,841 
Workday, Inc. Class A (a) 15,542 3,195,901 
Workiva, Inc. (a) 2,661 141,406 
Yext, Inc. (a) 6,868 150,478 
Zendesk, Inc. (a) 11,328 994,372 
Zix Corp. (a) 4,703 38,329 
Zuora, Inc. 1,233 27,249 
  220,157,512 
Technology Hardware, Storage & Peripherals - 3.4%   
3D Systems Corp. (a) 11,338 120,636 
Apple, Inc. 478,223 95,965,009 
Cray, Inc. (a) 4,403 115,623 
Diebold Nixdorf, Inc. (a) 7,689 77,582 
Electronics for Imaging, Inc. (a) 4,673 173,789 
Hewlett Packard Enterprise Co. 150,687 2,382,361 
HP, Inc. 168,180 3,355,191 
Immersion Corp. (a) 3,327 31,440 
NCR Corp. (a) 12,658 366,449 
NetApp, Inc. 26,710 1,945,824 
Pure Storage, Inc. Class A (a) 18,254 417,286 
Seagate Technology LLC 27,887 1,347,500 
U.S.A. Technologies, Inc. (a)(b) 6,518 36,957 
Western Digital Corp. 30,650 1,566,828 
Xerox Corp. 22,222 741,326 
  108,643,801 
TOTAL INFORMATION TECHNOLOGY  673,731,212 
MATERIALS - 2.9%   
Chemicals - 2.0%   
A. Schulman, Inc. rights (a)(d) 493 213 
AdvanSix, Inc. (a) 2,739 82,800 
Air Products & Chemicals, Inc. 23,259 4,786,470 
Albemarle Corp. U.S. 11,271 846,001 
American Vanguard Corp. 2,336 36,769 
Amyris, Inc. (a)(b) 4,022 18,019 
Ashland Global Holdings, Inc. 6,663 536,571 
Axalta Coating Systems Ltd. (a) 23,135 624,182 
Balchem Corp. 3,371 342,190 
Cabot Corp. 6,274 284,714 
Celanese Corp. Class A 14,275 1,540,130 
CF Industries Holdings, Inc. 24,306 1,088,423 
Chase Corp. 669 62,665 
Dow, Inc. (a) 81,393 4,617,425 
DowDuPont, Inc. 243,513 9,363,075 
Eastman Chemical Co. 14,813 1,168,449 
Ecolab, Inc. 26,881 4,948,254 
Element Solutions, Inc. (a) 24,880 270,197 
Ferro Corp. (a) 8,786 157,006 
Flotek Industries, Inc. (a) 5,788 20,663 
FMC Corp. 16,307 1,289,231 
FutureFuel Corp. 2,325 34,154 
H.B. Fuller Co. 5,518 270,216 
Hawkins, Inc. 1,074 39,641 
Huntsman Corp. 22,529 501,045 
Ingevity Corp. (a) 4,536 521,685 
Innophos Holdings, Inc. 2,339 75,292 
Innospec, Inc. 2,639 223,840 
International Flavors & Fragrances, Inc. (b) 10,797 1,487,719 
Intrepid Potash, Inc. (a) 8,599 31,988 
Koppers Holdings, Inc. (a) 1,827 48,854 
Kraton Performance Polymers, Inc. (a) 3,472 113,951 
Kronos Worldwide, Inc. 2,110 28,696 
Linde PLC 58,465 10,538,901 
LyondellBasell Industries NV Class A 33,299 2,937,971 
Minerals Technologies, Inc. 3,751 235,450 
NewMarket Corp. 966 405,314 
Olin Corp. 17,613 382,026 
OMNOVA Solutions, Inc. (a) 4,772 35,313 
PolyOne Corp. 8,352 230,849 
PPG Industries, Inc. 25,383 2,982,503 
PQ Group Holdings, Inc. (a) 3,247 51,335 
Quaker Chemical Corp. 1,404 314,243 
Rayonier Advanced Materials, Inc. 5,666 84,083 
RPM International, Inc. 14,173 859,592 
Sensient Technologies Corp. 4,785 335,524 
Sherwin-Williams Co. 8,758 3,983,401 
Stepan Co. 2,064 191,003 
The Chemours Co. LLC 17,914 645,083 
The Mosaic Co. 37,303 973,981 
The Scotts Miracle-Gro Co. Class A 4,110 349,432 
Tredegar Corp. 2,309 41,608 
Trinseo SA 4,434 199,308 
Tronox Holdings PLC 9,385 132,704 
Valvoline, Inc. 19,382 358,567 
Venator Materials PLC (a) 4,706 28,518 
W.R. Grace & Co. 7,285 550,600 
Westlake Chemical Corp. 4,063 283,394 
  62,591,231 
Construction Materials - 0.1%   
Eagle Materials, Inc. 4,955 450,459 
Forterra, Inc. (a) 2,133 9,897 
Martin Marietta Materials, Inc. 6,667 1,479,407 
nVent Electric PLC 17,767 496,588 
Summit Materials, Inc. (a) 12,249 214,602 
U.S. Concrete, Inc. (a) 1,800 84,834 
Vulcan Materials Co. 13,992 1,764,531 
  4,500,318 
Containers & Packaging - 0.4%   
Aptargroup, Inc. 6,510 724,172 
Avery Dennison Corp. 9,163 1,013,886 
Ball Corp. 35,881 2,150,707 
Bemis Co., Inc. 9,541 547,844 
Berry Global Group, Inc. (a) 13,751 808,559 
Crown Holdings, Inc. (a) 14,239 827,713 
Graphic Packaging Holding Co. 33,669 467,326 
Greif, Inc. Class A 2,861 113,067 
International Paper Co. 43,271 2,025,516 
Myers Industries, Inc. 3,217 57,552 
Owens-Illinois, Inc. 16,397 324,005 
Packaging Corp. of America 10,086 1,000,128 
Sealed Air Corp. 16,570 772,493 
Silgan Holdings, Inc. 7,834 234,550 
Sonoco Products Co. 10,806 681,426 
WestRock Co. 27,123 1,040,981 
  12,789,925 
Metals & Mining - 0.4%   
AK Steel Holding Corp. (a)(b) 34,154 82,653 
Alcoa Corp. (a) 19,778 527,677 
Allegheny Technologies, Inc. (a)(b) 13,577 338,339 
Atkore International Group, Inc. (a) 4,964 122,909 
Carpenter Technology Corp. 4,991 247,903 
Century Aluminum Co. (a) 4,166 35,036 
Cleveland-Cliffs, Inc. (b) 30,861 308,301 
Coeur d'Alene Mines Corp. (a) 23,283 84,052 
Commercial Metals Co. 12,225 211,370 
Compass Minerals International, Inc. 3,663 210,220 
Freeport-McMoRan, Inc. 153,431 1,888,736 
Gold Resource Corp. 6,343 23,215 
Haynes International, Inc. 1,092 35,283 
Hecla Mining Co. 49,071 103,049 
Kaiser Aluminum Corp. 1,687 166,001 
Livent Corp. 12,758 137,531 
Materion Corp. 2,023 117,395 
McEwen Mining, Inc. (b) 25,913 35,760 
Newmont Goldcorp Corp. 56,473 1,754,051 
Nucor Corp. 33,687 1,922,517 
Olympic Steel, Inc. 2,461 39,917 
Reliance Steel & Aluminum Co. 7,486 688,413 
Royal Gold, Inc. 6,887 599,582 
Ryerson Holding Corp. (a) 2,174 18,805 
Schnitzer Steel Industries, Inc. Class A 2,653 62,929 
Steel Dynamics, Inc. 24,420 773,626 
SunCoke Energy, Inc. 5,585 48,087 
TimkenSteel Corp. (a) 3,848 39,019 
United States Steel Corp. 18,740 292,344 
Universal Stainless & Alloy Products, Inc. (a) 947 13,627 
Warrior Metropolitan Coal, Inc. 4,416 136,896 
Worthington Industries, Inc. 4,045 162,326 
  11,227,569 
Paper & Forest Products - 0.0%   
Boise Cascade Co. 3,976 110,095 
Clearwater Paper Corp. (a) 1,379 27,814 
Domtar Corp. 6,755 330,320 
Louisiana-Pacific Corp. 15,116 378,656 
Mercer International, Inc. (SBI) 3,890 55,082 
Neenah, Inc. 1,766 119,823 
P.H. Glatfelter Co. 5,996 94,617 
Resolute Forest Products 9,443 74,694 
Schweitzer-Mauduit International, Inc. 3,062 108,915 
Verso Corp. (a) 3,794 84,682 
  1,384,698 
TOTAL MATERIALS  92,493,741 
REAL ESTATE - 3.9%   
Equity Real Estate Investment Trusts (REITs) - 3.7%   
Acadia Realty Trust (SBI) 9,150 258,396 
Agree Realty Corp. 3,690 241,584 
Alexander & Baldwin, Inc. 6,703 158,325 
Alexanders, Inc. 366 138,945 
Alexandria Real Estate Equities, Inc. 11,509 1,638,767 
American Assets Trust, Inc. 4,006 185,037 
American Campus Communities, Inc. 14,173 668,966 
American Finance Trust, Inc. 4,704 46,146 
American Homes 4 Rent Class A 27,478 658,922 
American Tower Corp. 46,703 9,121,096 
Americold Realty Trust 6,598 211,202 
Apartment Investment & Management Co. Class A 15,837 781,714 
Apple Hospitality (REIT), Inc. 21,908 360,387 
Armada Hoffler Properties, Inc. 6,862 110,821 
Ashford Hospitality Trust, Inc. 7,023 38,697 
AvalonBay Communities, Inc. 14,601 2,933,779 
Bluerock Residential Growth (REIT), Inc. 2,998 33,608 
Boston Properties, Inc. 16,342 2,248,986 
Braemar Hotels & Resorts, Inc. 2,720 37,808 
Brandywine Realty Trust (SBI) 20,161 310,278 
Brixmor Property Group, Inc. 32,414 579,562 
Camden Property Trust (SBI) 9,839 990,295 
CareTrust (REIT), Inc. 9,106 220,821 
CatchMark Timber Trust, Inc. 4,356 43,560 
CBL & Associates Properties, Inc. (b) 17,454 17,629 
Cedar Realty Trust, Inc. 9,477 29,094 
Chatham Lodging Trust 4,413 86,892 
Chesapeake Lodging Trust 6,468 184,338 
City Office REIT, Inc. 3,668 42,549 
Colony Capital, Inc. 52,510 269,901 
Columbia Property Trust, Inc. 12,282 278,924 
Community Healthcare Trust, Inc. 1,677 61,177 
CorEnergy Infrastructure Trust, Inc. (b) 1,738 65,679 
CorePoint Lodging, Inc. 4,543 56,788 
CoreSite Realty Corp. 3,801 415,867 
Corporate Office Properties Trust (SBI) 11,834 329,932 
Corrections Corp. of America 13,027 271,092 
Cousins Properties, Inc. 44,768 428,430 
Crown Castle International Corp. 43,952 5,528,283 
CubeSmart 19,986 637,753 
CyrusOne, Inc. 11,168 621,946 
DDR Corp. 15,965 211,377 
DiamondRock Hospitality Co. 26,826 291,330 
Digital Realty Trust, Inc. 21,844 2,571,257 
Douglas Emmett, Inc. 16,997 700,106 
Duke Realty Corp. 37,725 1,174,002 
Easterly Government Properties, Inc. 9,303 167,454 
EastGroup Properties, Inc. 3,597 411,245 
Empire State Realty Trust, Inc. 16,132 249,401 
EPR Properties 7,875 621,023 
Equinix, Inc. 8,531 3,879,046 
Equity Commonwealth 12,217 388,501 
Equity Lifestyle Properties, Inc. 9,671 1,128,606 
Equity Residential (SBI) 38,972 2,978,240 
Essential Properties Realty Trust, Inc. 3,199 66,155 
Essex Property Trust, Inc. 7,001 1,977,783 
Extra Space Storage, Inc. 13,500 1,399,815 
Farmland Partners, Inc. 2,554 16,754 
Federal Realty Investment Trust (SBI) 7,853 1,051,124 
First Industrial Realty Trust, Inc. 12,615 444,931 
Four Corners Property Trust, Inc. 7,564 215,120 
Franklin Street Properties Corp. 12,163 95,601 
Front Yard Residential Corp. Class B 4,252 42,137 
Gaming & Leisure Properties 21,308 860,417 
Getty Realty Corp. 3,797 123,137 
Gladstone Commercial Corp. 2,318 50,417 
Gladstone Land Corp. 3,695 46,816 
Global Net Lease, Inc. 7,705 146,934 
Government Properties Income Trust 4,733 128,454 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. 6,097 162,119 
HCP, Inc. 50,382 1,500,376 
Healthcare Realty Trust, Inc. 13,369 412,835 
Healthcare Trust of America, Inc. 21,237 585,716 
Hersha Hospitality Trust 3,379 62,748 
Highwoods Properties, Inc. (SBI) 10,719 477,853 
Hospitality Properties Trust (SBI) 16,857 438,282 
Host Hotels & Resorts, Inc. 78,943 1,518,863 
Hudson Pacific Properties, Inc. 17,168 598,476 
Independence Realty Trust, Inc. 7,972 84,423 
Industrial Logistics Properties Trust 6,780 134,583 
InfraReit, Inc. 3,550 74,728 
Investors Real Estate Trust 1,297 78,183 
Invitation Homes, Inc. 31,171 774,911 
Iron Mountain, Inc. 30,510 990,965 
iStar Financial, Inc. 6,936 60,135 
JBG SMITH Properties 11,897 506,217 
Jernigan Capital, Inc. 3,361 70,816 
Kilroy Realty Corp. 10,584 814,015 
Kimco Realty Corp. 44,047 765,977 
Kite Realty Group Trust 10,016 158,153 
Lamar Advertising Co. Class A 8,970 741,550 
Lexington Corporate Properties Trust 23,204 210,460 
Liberty Property Trust (SBI) 15,719 780,291 
Life Storage, Inc. 4,981 474,639 
LTC Properties, Inc. 4,477 201,734 
Mack-Cali Realty Corp. 9,072 211,196 
MedEquities Realty Trust, Inc. 2,427 25,993 
Medical Properties Trust, Inc. 38,996 680,870 
Mid-America Apartment Communities, Inc. 12,052 1,318,609 
Monmouth Real Estate Investment Corp. Class A 10,766 147,925 
National Health Investors, Inc. 4,687 353,540 
National Retail Properties, Inc. 16,969 892,909 
National Storage Affiliates Trust 5,647 165,231 
New Senior Investment Group, Inc. 7,171 40,086 
NexPoint Residential Trust, Inc. 2,594 97,249 
NorthStar Realty Europe Corp. 5,177 92,306 
Omega Healthcare Investors, Inc. 21,370 756,284 
Outfront Media, Inc. 14,621 348,418 
Paramount Group, Inc. 20,560 297,914 
Park Hotels & Resorts, Inc. 21,818 699,921 
Pebblebrook Hotel Trust 13,856 451,151 
Pennsylvania Real Estate Investment Trust (SBI) (b) 5,552 33,423 
Physicians Realty Trust 18,918 341,659 
Piedmont Office Realty Trust, Inc. Class A 13,004 270,743 
Potlatch Corp. 7,274 281,213 
Preferred Apartment Communities, Inc. Class A 4,788 74,884 
Prologis, Inc. 66,651 5,110,132 
PS Business Parks, Inc. 2,028 311,541 
Public Storage 15,877 3,511,675 
QTS Realty Trust, Inc. Class A 5,329 241,670 
Ramco-Gershenson Properties Trust (SBI) 9,536 115,672 
Rayonier, Inc. 14,009 445,346 
Realty Income Corp. 31,524 2,206,995 
Regency Centers Corp. 17,771 1,193,678 
Retail Opportunity Investments Corp. 13,123 230,309 
Retail Properties America, Inc. 22,370 274,927 
Rexford Industrial Realty, Inc. 9,337 353,779 
RLJ Lodging Trust 19,191 353,306 
Ryman Hospitality Properties, Inc. 5,301 421,960 
Sabra Health Care REIT, Inc. 19,159 374,750 
Saul Centers, Inc. 1,051 56,071 
SBA Communications Corp. Class A (a) 12,026 2,450,057 
Senior Housing Properties Trust (SBI) 26,027 208,997 
Seritage Growth Properties 2,815 125,521 
Simon Property Group, Inc. 32,847 5,705,524 
SL Green Realty Corp. 9,227 815,113 
Spirit MTA REIT 3,363 22,667 
Spirit Realty Capital, Inc. 9,157 370,492 
Stag Industrial, Inc. 10,833 311,774 
Store Capital Corp. 20,277 675,630 
Summit Hotel Properties, Inc. 12,071 140,144 
Sun Communities, Inc. 9,136 1,124,459 
Sunstone Hotel Investors, Inc. 25,149 362,146 
Tanger Factory Outlet Centers, Inc. 9,323 168,373 
Taubman Centers, Inc. 6,343 312,710 
Terreno Realty Corp. 5,808 259,327 
The GEO Group, Inc. 12,597 252,192 
The Macerich Co. 11,658 467,952 
TIER REIT, Inc. 5,730 162,388 
UDR, Inc. 29,072 1,306,786 
UMH Properties, Inc. 3,393 47,672 
Uniti Group, Inc. 19,536 214,701 
Universal Health Realty Income Trust (SBI) 1,508 122,178 
Urban Edge Properties 11,553 214,539 
Urstadt Biddle Properties, Inc. Class A 5,258 115,308 
Ventas, Inc. 38,026 2,323,769 
VEREIT, Inc. 104,726 865,037 
VICI Properties, Inc. 37,936 864,941 
Vornado Realty Trust 18,254 1,262,082 
Washington Prime Group, Inc. 21,463 95,510 
Washington REIT (SBI) 8,783 248,032 
Weingarten Realty Investors (SBI) 12,494 361,576 
Welltower, Inc. 39,893 2,973,225 
Weyerhaeuser Co. 79,800 2,138,640 
Whitestone REIT Class B 3,662 46,983 
WP Carey, Inc. 17,118 1,357,800 
Xenia Hotels & Resorts, Inc. 12,522 271,101 
  117,008,888 
Real Estate Management & Development - 0.2%   
Altisource Portfolio Solutions SA (a) 1,065 25,209 
CBRE Group, Inc. (a) 33,729 1,756,269 
Colony NorthStar Credit Real Estate, Inc. 8,344 129,666 
eXp World Holdings, Inc. (a) 3,218 35,076 
HFF, Inc. 3,911 186,124 
Howard Hughes Corp. (a) 4,167 462,537 
Jones Lang LaSalle, Inc. 4,869 752,601 
Kennedy-Wilson Holdings, Inc. 13,934 300,138 
Marcus & Millichap, Inc. (a) 2,351 101,328 
Newmark Group, Inc. 14,971 127,553 
RE/MAX Holdings, Inc. 1,601 69,371 
Realogy Holdings Corp. (b) 12,304 160,198 
Redfin Corp. (a)(b) 7,486 154,810 
Retail Value, Inc. 1,305 43,718 
Tejon Ranch Co. (a) 3,983 68,707 
The St. Joe Co. (a) 7,627 129,964 
  4,503,269 
TOTAL REAL ESTATE  121,512,157 
UTILITIES - 3.1%   
Electric Utilities - 1.8%   
Allete, Inc. 5,358 436,409 
Alliant Energy Corp. 24,963 1,179,002 
American Electric Power Co., Inc. 52,256 4,470,501 
Duke Energy Corp. 75,488 6,878,467 
Edison International 34,617 2,207,526 
El Paso Electric Co. 4,356 266,195 
Entergy Corp. 19,184 1,858,930 
Evergy, Inc. 28,039 1,621,215 
Eversource Energy 33,406 2,393,874 
Exelon Corp. 102,327 5,213,561 
FirstEnergy Corp. 51,826 2,178,247 
Hawaiian Electric Industries, Inc. 10,975 455,243 
IDACORP, Inc. 5,358 530,549 
MGE Energy, Inc. 3,801 257,670 
NextEra Energy, Inc. 50,602 9,839,053 
OGE Energy Corp. 21,027 890,283 
Otter Tail Corp. 4,281 219,615 
Pinnacle West Capital Corp. 12,025 1,145,622 
PNM Resources, Inc. 8,598 399,291 
Portland General Electric Co. 9,171 479,735 
PPL Corp. 76,097 2,374,987 
Southern Co. 108,976 5,799,703 
Spark Energy, Inc. Class A, 1,577 14,918 
Vistra Energy Corp. 41,952 1,143,192 
Xcel Energy, Inc. 54,452 3,076,538 
  55,330,326 
Gas Utilities - 0.2%   
Atmos Energy Corp. 12,419 1,270,960 
Chesapeake Utilities Corp. 1,653 153,134 
National Fuel Gas Co. 9,063 536,620 
New Jersey Resources Corp. 9,513 476,411 
Northwest Natural Holding Co. 2,910 194,650 
ONE Gas, Inc. 5,628 498,191 
South Jersey Industries, Inc. 9,504 305,268 
Southwest Gas Holdings, Inc. 5,712 475,181 
Spire, Inc. 5,217 439,219 
UGI Corp. 18,306 997,860 
  5,347,494 
Independent Power and Renewable Electricity Producers - 0.1%   
Bloom Energy Corp. Class A 1,839 25,047 
NRG Energy, Inc. 30,943 1,273,923 
NRG Yield, Inc.:   
Class A 4,515 69,396 
Class C 6,771 107,456 
Ormat Technologies, Inc. 5,303 309,483 
Pattern Energy Group, Inc. 9,734 225,050 
Terraform Power, Inc. 8,609 116,738 
The AES Corp. 69,853 1,195,883 
  3,322,976 
Multi-Utilities - 0.9%   
Ameren Corp. 26,100 1,899,297 
Avangrid, Inc. 5,896 301,934 
Avista Corp. 6,914 298,270 
Black Hills Corp. 5,874 427,392 
CenterPoint Energy, Inc. 53,349 1,653,819 
CMS Energy Corp. 30,102 1,672,166 
Consolidated Edison, Inc. 33,013 2,844,400 
Dominion Resources, Inc. 81,025 6,309,417 
DTE Energy Co. 19,169 2,409,735 
MDU Resources Group, Inc. 20,357 532,336 
NiSource, Inc. 39,014 1,083,809 
NorthWestern Energy Corp. 5,231 365,385 
Public Service Enterprise Group, Inc. 53,577 3,195,868 
Sempra Energy 29,024 3,713,621 
Unitil Corp. 1,633 92,934 
WEC Energy Group, Inc. 33,455 2,623,876 
  29,424,259 
Water Utilities - 0.1%   
American States Water Co. 4,064 289,235 
American Water Works Co., Inc. 19,114 2,067,944 
Aqua America, Inc. 18,886 737,687 
AquaVenture Holdings Ltd. (a) 1,246 24,235 
California Water Service Group 4,816 242,678 
Connecticut Water Service, Inc. 1,073 73,576 
Middlesex Water Co. 1,981 114,878 
Select Energy Services, Inc. Class A (a) 8,538 98,358 
SJW Corp. 2,479 153,847 
  3,802,438 
TOTAL UTILITIES  97,227,493 
TOTAL COMMON STOCKS   
(Cost $2,965,350,680)  3,128,658,209 
Money Market Funds - 1.5%   
Fidelity Cash Central Fund, 2.49% (e) 19,474,523 19,478,418 
Fidelity Securities Lending Cash Central Fund 2.49% (e)(f) 29,289,420 29,292,349 
TOTAL MONEY MARKET FUNDS   
(Cost $48,768,963)  48,770,767 
TOTAL INVESTMENT IN SECURITIES - 101.1%   
(Cost $3,014,119,643)  3,177,428,976 
NET OTHER ASSETS (LIABILITIES) - (1.1)%  (35,574,086) 
NET ASSETS - 100%  $3,141,854,890 

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) 21 June 2019 $1,673,910 $6,927 $6,927 
CME E-mini S&P 500 Index Contracts (United States) 73 June 2019 10,762,025 85,701 85,701 
CME E-mini S&P MidCap 400 Index Contracts (United States) June 2019 789,360 2,136 2,136 
TOTAL FUTURES CONTRACTS     $94,764 

The notional amount of futures purchased as a percentage of Net Assets is 0.4%

Legend

 (a) Non-income producing

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

 (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 $541,642 or 0.0% of net assets.

 (d) Level 3 security

 (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 $180,791 
Fidelity Securities Lending Cash Central Fund 108,590 
Total $289,381 

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 April 30, 2019, 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:     
Communication Services $291,754,006 $291,754,006 $-- $-- 
Consumer Discretionary 331,129,313 331,129,313 -- -- 
Consumer Staples 199,872,680 199,872,680 -- -- 
Energy 152,425,131 152,425,131 -- -- 
Financials 431,079,646 431,079,646 -- -- 
Health Care 417,312,941 417,312,941 -- 
Industrials 320,119,889 320,119,889 -- -- 
Information Technology 673,731,212 673,731,212 -- -- 
Materials 92,493,741 92,493,528 -- 213 
Real Estate 121,512,157 121,512,157 -- -- 
Utilities 97,227,493 97,227,493 -- -- 
Money Market Funds 48,770,767 48,770,767 -- -- 
Total Investments in Securities: $3,177,428,976 $3,177,428,763 $-- $213 
Derivative Instruments:     
Assets     
Futures Contracts $94,764 $94,764 $-- $-- 
Total Assets $94,764 $94,764 $-- $-- 
Total Derivative Instruments: $94,764 $94,764 $-- $-- 

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of April 30, 2019. 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) $94,764 $0 
Total Equity Risk 94,764 
Total Value of Derivatives $94,764 $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 distributable earnings.

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


Fidelity ZERO℠ Total Market Index Fund

Financial Statements

Statement of Assets and Liabilities

  April 30, 2019 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $28,358,160) — See accompanying schedule:
Unaffiliated issuers (cost $2,965,350,680) 
$3,128,658,209  
Fidelity Central Funds (cost $48,768,963) 48,770,767  
Total Investment in Securities (cost $3,014,119,643)  $3,177,428,976 
Segregated cash with brokers for derivative instruments  247,610 
Cash  12 
Foreign currency held at value (cost $1,767)  1,767 
Receivable for fund shares sold  12,646,340 
Dividends receivable  2,319,515 
Distributions receivable from Fidelity Central Funds  38,492 
Receivable for daily variation margin on futures contracts  4,907 
Other receivables  1,078 
Total assets  3,192,688,697 
Liabilities   
Payable for investments purchased $19,023,496  
Payable for fund shares redeemed 2,517,820  
Collateral on securities loaned 29,292,491  
Total liabilities  50,833,807 
Net Assets  $3,141,854,890 
Net Assets consist of:   
Paid in capital  $2,967,373,872 
Total distributable earnings (loss)  174,481,018 
Net Assets, for 301,804,679 shares outstanding  $3,141,854,890 
Net Asset Value, offering price and redemption price per share ($3,141,854,890 ÷ 301,804,679 shares)  $10.41 

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


Statement of Operations

  Six months ended April 30, 2019 (Unaudited) 
Investment Income   
Dividends  $20,768,102 
Interest  3,336 
Income from Fidelity Central Funds  289,381 
Total income  21,060,819 
Expenses   
Independent trustees' fees and expenses $4,762  
Total expenses before reductions 4,762  
Expense reductions (1,445)  
Total expenses after reductions  3,317 
Net investment income (loss)  21,057,502 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (4,270,605)  
Fidelity Central Funds (1,958)  
Foreign currency transactions (43)  
Futures contracts 2,517,253  
Total net realized gain (loss)  (1,755,353) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 242,994,771  
Fidelity Central Funds 1,804  
Assets and liabilities in foreign currencies (7)  
Futures contracts 43,228  
Total change in net unrealized appreciation (depreciation)  243,039,796 
Net gain (loss)  241,284,443 
Net increase (decrease) in net assets resulting from operations  $262,341,945 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2019 (Unaudited) For the period
August 2, 2018 (commencement of operations) to October 31, 2018 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $21,057,502 $3,504,625 
Net realized gain (loss) (1,755,353) 167,495 
Change in net unrealized appreciation (depreciation) 243,039,796 (79,635,699) 
Net increase (decrease) in net assets resulting from operations 262,341,945 (75,963,579) 
Distributions to shareholders (11,754,371) – 
Share transactions   
Proceeds from sales of shares 1,802,534,650 1,515,817,577 
Reinvestment of distributions 11,304,792 – 
Cost of shares redeemed (286,718,043) (75,708,081) 
Net increase (decrease) in net assets resulting from share transactions 1,527,121,399 1,440,109,496 
Total increase (decrease) in net assets 1,777,708,973 1,364,145,917 
Net Assets   
Beginning of period 1,364,145,917 – 
End of period $3,141,854,890 $1,364,145,917 
Other Information   
Shares   
Sold 188,099,109 150,238,900 
Issued in reinvestment of distributions 1,248,123 – 
Redeemed (30,192,762) (7,588,691) 
Net increase (decrease) 159,154,470 142,650,209 

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


Financial Highlights

Fidelity ZERO Total Market Index Fund

 Six months ended (Unaudited) April 30, Years endedOctober 31, 
 2019 2018 A 
Selected Per–Share Data   
Net asset value, beginning of period $9.56 $10.00 
Income from Investment Operations   
Net investment income (loss)B .09 .04 
Net realized and unrealized gain (loss) .83 (.48) 
Total from investment operations .92 (.44) 
Distributions from net investment income (.06) – 
Distributions from net realized gain (.01) – 
Total distributions (.07) – 
Net asset value, end of period $10.41 $9.56 
Total ReturnC,D 9.67% (4.40)% 
Ratios to Average Net AssetsE,F   
Expenses before reductionsG - %H - %H 
Expenses net of fee waivers, if anyG - %H - %H 
Expenses net of all reductionsG - %H - %H 
Net investment income (loss) 1.94%H 1.61%H 
Supplemental Data   
Net assets, end of period (000 omitted) $3,141,855 $1,364,146 
Portfolio turnover rateI 5%H 0%J,K 

 A For the period August 2, 2018 (commencement of operations) to October 31, 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. 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 Amount represents less than .005%.

 H Annualized

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

 J Amount represents less than 1%.

 K Amount not annualized.

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


Notes to Financial Statements (Unaudited)

For the period ended April 30, 2019

1. Organization.

Fidelity ZERO Extended Market Index Fund, Fidelity ZERO International Index Fund, Fidelity ZERO Large Cap Index Fund and Fidelity ZERO Total Market Index Fund are funds of Fidelity Concord Street Trust. Fidelity ZERO International Index Fund and Fidelity ZERO Total Market Index Fund were formally funds of Fidelity Salem Street Trust. Each 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. Each Fund is authorized to issue an unlimited number of shares. Investments in emerging markets, if applicable, can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

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. 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. 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.

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 April 30, 2019 is included at the end of each Fund's Schedule of Investments.

Foreign Currency. The Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

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.

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. 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.

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, 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. Fidelity ZERO International Index Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on each applicable Fund's Statement of Assets & Liabilities.

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, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), partnerships, capital loss carryforwards 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 for each Fund:

 Tax cost Gross unrealized appreciation Gross unrealized depreciation Net unrealized appreciation (depreciation) 
Fidelity ZERO Extended Market Index Fund $359,871,787 $29,138,390 $(13,088,484) $16,049,906 
Fidelity ZERO International Index Fund 949,958,360 62,697,610 (30,435,016) 32,262,594 
Fidelity ZERO Large Cap Index Fund 615,889,558 53,292,635 (11,037,238) 42,255,397 
Fidelity ZERO Total Market Index Fund 3,019,944,831 255,593,110 (98,014,201) 157,578,909 

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.

 No expiration   
 Short-term Long-term Total capital loss carryforward 
Fidelity ZERO Extended Market Index Fund $(2,572) $(4,405) $(6,977) 
Fidelity ZERO International Index Fund (981,712) (1,369,444) (2,351,156) 
Fidelity ZERO Large Cap Index Fund – (1,646) (1,646) 

Delayed Delivery Transactions and When-Issued Securities. During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The securities purchased on a delayed delivery or when-issued basis are identified as such in each applicable Fund's Schedule of Investments. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

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. 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 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 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.

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. 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, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity ZERO Extended Market Index Fund 308,083,890 37,683,327 
Fidelity ZERO International Index Fund 555,699,800 29,005,518 
Fidelity ZERO Large Cap Index Fund 510,275,984 13,719,135 
Fidelity ZERO Total Market Index Fund 1,590,466,437 56,617,380 

6. Fees and Other Transactions with Affiliates.

Management Fee. FMR Co., Inc. (the investment adviser), an affiliate of Fidelity Management & Research Company (FMR), and its affiliates provide the Funds with investment management services for which the Funds do not pay a management fee. Under the management contract, the investment adviser or an affiliate pays all ordinary operating expenses of the Funds, except fees and expenses of the independent Trustees.

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.

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.

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 commitment fees on the Funds' pro-rata portion of the line of credit are paid by the investment adviser.

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. 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. Security lending activity was as follows:

 Total Security Lending Income Security Lending Income From Securities Loaned to FCM Value of Securities Loaned to FCM at Period End 
Fidelity ZERO Extended Market Index Fund $29,552 $706 $58,047 
Fidelity ZERO International Index Fund $5,000 $– $– 
Fidelity ZERO Large Cap Index Fund $10,962 $– $– 
Fidelity ZERO Total Market Index Fund $108,590 $858 $153,256 

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. All of the applicable expense reductions are noted in the table below.

 Expense reduction 
Fidelity ZERO Extended Market Index Fund $88 
Fidelity ZERO International Index Fund 656 
Fidelity ZERO Large Cap Index Fund 240 
Fidelity ZERO Total Market Index Fund 1,445 

10. 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.

Shareholder Expense Example

As a shareholder of a 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 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 (November 1, 2018 to April 30, 2019).

Actual Expenses

The first line of the accompanying table for 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 fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. 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 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 fund provides information about hypothetical account values and hypothetical expenses based on a 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, 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 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
November 1, 2018 
Ending
Account Value
April 30, 2019 
Expenses Paid
During Period-B
November 1, 2018
to April 30, 2019 
Fidelity ZERO Extended Market Index Fund - %-C    
Actual  $1,000.00 $1,084.20 $--D 
Hypothetical-E  $1,000.00 $1,024.79 $--D 
Fidelity ZERO International Index Fund - %-C    
Actual  $1,000.00 $1,092.50 $--D 
Hypothetical-E  $1,000.00 $1,024.79 $--D 
Fidelity ZERO Large Cap Index Fund - %-C    
Actual  $1,000.00 $1,097.70 $--D 
Hypothetical-E  $1,000.00 $1,024.79 $--D 
Fidelity ZERO Total Market Index Fund - %-C    
Actual  $1,000.00 $1,096.70 $--D 
Hypothetical-E  $1,000.00 $1,024.79 $--D 

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

 B Expenses are equal to each Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period).

 C Amount less than .005%.

 D Amount less than $.005.

 E 5% return per year before expenses





Fidelity Investments

EML-SANN-0619
1.9891447.100



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 Trusts 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 Trusts (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 Trusts 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 Trusts 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:

June 25, 2019


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:

June 25, 2019



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

June 25, 2019