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   811-05251


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)


Cynthia Lo Bessette, 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, 2021


Item 1.

Reports to Stockholders





Fidelity® Series International Index Fund



Semi-Annual Report

April 30, 2021

Fidelity Investments



Fidelity Investments

Contents

Note to Shareholders

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Shareholder Expense Example

Board Approval of Investment Advisory Contracts

Liquidity Risk Management Program


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. © 2021 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, 2020 the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, global governments and central banks took unprecedented action to help support consumers, businesses, and the broader economies, and to limit disruption to financial systems.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2021

 % of fund's net assets 
Nestle SA (Reg. S) (Switzerland, Food Products) 2.0 
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) 1.6 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 1.3 
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) 1.2 
Novartis AG (Switzerland, Pharmaceuticals) 1.1 
Toyota Motor Corp. (Japan, Automobiles) 0.9 
Unilever PLC (United Kingdom, Personal Products) 0.9 
AIA Group Ltd. (Hong Kong, Insurance) 0.9 
SAP SE (Germany, Software) 0.8 
SoftBank Group Corp. (Japan, Wireless Telecommunication Services) 0.8 
 11.5 

Top Market Sectors as of April 30, 2021

 % of fund's net assets 
Financials 16.2 
Industrials 15.3 
Consumer Discretionary 12.3 
Health Care 11.7 
Consumer Staples 9.7 
Information Technology 9.0 
Materials 7.9 
Communication Services 4.5 
Utilities 3.8 
Energy 2.9 

Geographic Diversification (% of fund's net assets)

As of April 30, 2021 
   Japan 22.9% 
   United Kingdom 13.1% 
   France 10.2% 
   Switzerland 9.0% 
   Germany 8.9% 
   Australia 6.7% 
   Netherlands 5.3% 
   United States of America* 3.9% 
   Sweden 3.3% 
   Other 16.7% 


 * 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, 2021

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

Schedule of Investments April 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.5%   
 Shares Value 
Australia - 6.7%   
Afterpay Ltd. (a) 2,502 $226,760 
AGL Energy Ltd. 7,558 51,993 
AMP Ltd. 36,871 31,670 
Ampol Ltd. 2,866 56,498 
APA Group unit 13,454 103,954 
Aristocrat Leisure Ltd. 6,812 195,054 
ASX Ltd. 2,314 130,093 
Aurizon Holdings Ltd. 21,300 61,532 
AusNet Services 20,326 29,672 
Australia & New Zealand Banking Group Ltd. 33,208 735,220 
BHP Billiton Ltd. 34,439 1,253,438 
BlueScope Steel Ltd. 5,740 95,600 
Brambles Ltd. 17,734 142,078 
Cimic Group Ltd. 1,051 15,707 
Coca-Cola Amatil Ltd. 5,776 58,107 
Cochlear Ltd. 777 133,180 
Coles Group Ltd. 15,738 197,860 
Commonwealth Bank of Australia 20,716 1,420,951 
Computershare Ltd. 6,193 67,363 
Crown Ltd. 4,048 38,107 
CSL Ltd. 5,323 1,111,911 
DEXUS Property Group unit 12,512 98,025 
Evolution Mining Ltd. 18,518 66,049 
Fortescue Metals Group Ltd. 19,817 344,860 
Goodman Group unit 19,642 286,131 
Insurance Australia Group Ltd. 27,820 105,013 
Lendlease Group unit 7,863 76,988 
Macquarie Group Ltd. 4,016 496,512 
Magellan Financial Group Ltd. 1,564 58,434 
Medibank Private Ltd. 31,446 74,611 
Mirvac Group unit 45,046 93,346 
National Australia Bank Ltd. 38,469 790,058 
Newcrest Mining Ltd. 9,640 196,942 
Northern Star Resources Ltd. 12,513 101,310 
Orica Ltd. 4,893 51,112 
Origin Energy Ltd. 20,111 64,449 
Qantas Airways Ltd. 10,198 38,887 
QBE Insurance Group Ltd. 17,363 131,883 
Ramsay Health Care Ltd. 2,086 108,180 
REA Group Ltd. 601 73,313 
Rio Tinto Ltd. 4,352 406,163 
Santos Ltd. 22,261 119,698 
Scentre Group unit 61,641 129,160 
SEEK Ltd. 3,820 91,137 
Sonic Healthcare Ltd. 5,404 149,367 
South32 Ltd. 57,515 127,603 
Stockland Corp. Ltd. unit 27,281 98,355 
Suncorp Group Ltd. 14,599 118,199 
Sydney Airport unit (a) 15,119 72,094 
Tabcorp Holdings Ltd. 25,359 97,090 
Telstra Corp. Ltd. 49,746 129,911 
The GPT Group unit 22,328 79,466 
TPG Telecom Ltd. 4,107 17,433 
Transurban Group unit 32,305 352,637 
Treasury Wine Estates Ltd. 8,209 63,491 
Vicinity Centres unit 47,001 57,388 
Washington H. Soul Pattinson & Co. Ltd. 1,145 26,700 
Wesfarmers Ltd. 13,276 553,392 
Westpac Banking Corp. 42,205 813,319 
WiseTech Global Ltd. 1,609 38,957 
Woodside Petroleum Ltd. 11,376 200,334 
Woolworths Group Ltd. 14,831 449,005 
TOTAL AUSTRALIA  13,603,750 
Austria - 0.2%   
Erste Group Bank AG 3,198 113,806 
OMV AG 1,681 82,880 
Raiffeisen International Bank-Holding AG 1,631 35,668 
Verbund AG 779 63,967 
Voestalpine AG 1,501 65,145 
TOTAL AUSTRIA  361,466 
Bailiwick of Jersey - 0.7%   
Experian PLC 10,733 413,774 
Ferguson PLC 2,635 332,320 
Glencore Xstrata PLC 116,996 476,574 
WPP PLC 14,585 196,637 
TOTAL BAILIWICK OF JERSEY  1,419,305 
Belgium - 0.9%   
Ageas 1,999 121,030 
Anheuser-Busch InBev SA NV 8,893 629,914 
Colruyt NV 604 35,821 
Elia System Operator SA/NV 393 42,524 
Galapagos Genomics NV (a) 473 36,826 
Groupe Bruxelles Lambert SA 1,298 141,976 
KBC Groep NV 2,931 227,708 
Proximus 1,683 35,875 
Sofina SA 188 71,468 
Solvay SA Class A 846 107,610 
UCB SA 1,503 139,246 
Umicore SA 2,321 141,030 
TOTAL BELGIUM  1,731,028 
Bermuda - 0.1%   
CK Infrastructure Holdings Ltd. 7,581 46,456 
Hongkong Land Holdings Ltd. 13,330 65,984 
Jardine Matheson Holdings Ltd. 2,575 173,143 
TOTAL BERMUDA  285,583 
Cayman Islands - 0.6%   
ASM Pacific Technology Ltd. 3,614 54,807 
Budweiser Brewing Co. APAC Ltd. (b) 20,280 64,095 
CK Asset Holdings Ltd. 30,377 190,644 
CK Hutchison Holdings Ltd. 31,556 258,777 
ESR Cayman Ltd. (a)(b) 21,023 71,856 
Melco Crown Entertainment Ltd. sponsored ADR (a) 2,361 45,544 
Sands China Ltd. (a) 28,862 137,106 
WH Group Ltd. (b) 109,577 95,784 
Wharf Real Estate Investment Co. Ltd. 19,814 114,021 
Wynn Macau Ltd. (a) 19,403 37,319 
Xinyi Glass Holdings Ltd. 21,050 74,658 
TOTAL CAYMAN ISLANDS  1,144,611 
Denmark - 2.4%   
A.P. Moller - Maersk A/S:   
Series A 36 84,683 
Series B 73 181,597 
Ambu A/S Series B 1,864 104,450 
Carlsberg A/S Series B 1,219 213,927 
Christian Hansen Holding A/S (a) 1,201 110,403 
Coloplast A/S Series B 1,396 231,233 
Danske Bank A/S 8,162 155,774 
Demant A/S (a) 1,205 60,431 
DSV Panalpina A/S 2,424 540,613 
Genmab A/S (a) 772 283,319 
GN Store Nord A/S 1,461 131,895 
H Lundbeck A/S 756 23,320 
Novo Nordisk A/S Series B 20,120 1,484,202 
Novozymes A/S Series B 2,461 175,183 
ORSTED A/S (b) 2,213 322,787 
Pandora A/S 1,178 133,695 
Rockwool International A/S Series B 92 41,304 
Tryg A/S 3,887 88,952 
Vestas Wind Systems A/S 11,525 481,093 
TOTAL DENMARK  4,848,861 
Finland - 1.2%   
Elisa Corp. (A Shares) 1,634 92,704 
Fortum Corp. 5,235 137,519 
Kesko Oyj 3,117 94,959 
Kone OYJ (B Shares) 3,964 311,392 
Neste Oyj 4,967 300,967 
Nokia Corp. (a) 66,120 313,208 
Nordea Bank ABP (Stockholm Stock Exchange) 37,847 392,268 
Orion Oyj (B Shares) 1,315 58,227 
Sampo Oyj (A Shares) 5,542 263,250 
Stora Enso Oyj (R Shares) 6,859 131,362 
UPM-Kymmene Corp. 6,266 245,209 
Wartsila Corp. 4,911 63,382 
TOTAL FINLAND  2,404,447 
France - 10.2%   
Accor SA (a) 2,097 84,382 
Aeroports de Paris SA 359 46,053 
Air Liquide SA 5,530 931,265 
Alstom SA (a) 3,111 169,897 
Amundi SA (b) 724 64,499 
Arkema SA 789 98,652 
Atos Origin SA 1,127 76,716 
AXA SA 22,571 637,519 
bioMerieux SA 488 58,036 
BNP Paribas SA 13,138 842,379 
Bollore SA 10,696 54,009 
Bouygues SA 2,613 111,962 
Bureau Veritas SA 3,352 100,225 
Capgemini SA 1,888 345,925 
Carrefour SA 7,218 139,757 
CNP Assurances 2,114 37,018 
Compagnie de St. Gobain 5,959 375,984 
Compagnie Generale des Etablissements Michelin SCA Series B 1,984 287,086 
Covivio 628 56,022 
Credit Agricole SA 13,519 209,211 
Danone SA 7,232 510,504 
Dassault Aviation SA 28 30,499 
Dassault Systemes SA 1,544 358,168 
Edenred SA 2,916 165,297 
EDF SA 7,040 102,582 
Eiffage SA 950 104,072 
ENGIE 21,373 317,856 
Essilor International SA 3,329 553,917 
Eurazeo SA 432 35,992 
Faurecia SA 1,475 79,622 
Gecina SA 529 77,368 
Getlink SE 5,053 80,372 
Hermes International SCA 369 463,150 
Iliad SA 183 33,222 
Ipsen SA 406 39,264 
Kering SA 885 709,150 
Klepierre SA 2,298 60,947 
L'Oreal SA 2,935 1,201,796 
La Francaise des Jeux SAEM (b) 1,066 54,622 
Legrand SA 3,131 304,904 
LVMH Moet Hennessy Louis Vuitton SE 3,238 2,439,349 
Natixis SA 11,170 54,576 
Orange SA 23,389 291,268 
Orpea (a) 592 76,191 
Pernod Ricard SA 2,453 503,415 
Publicis Groupe SA 2,653 171,790 
Remy Cointreau SA 277 55,348 
Renault SA 2,187 88,148 
Safran SA 3,744 559,012 
Sanofi SA 13,232 1,387,274 
Sartorius Stedim Biotech 323 148,341 
Schneider Electric SA 6,285 1,002,809 
SCOR SE 1,897 61,373 
SEB SA 303 55,189 
Societe Generale Series A 9,512 270,590 
Sodexo SA (a) 1,011 101,006 
SR Teleperformance SA 689 265,983 
Suez Environnement SA 3,942 94,122 
Thales SA 1,223 124,656 
Total SA 29,472 1,302,598 
Ubisoft Entertainment SA (a) 1,096 82,249 
Valeo SA 2,609 84,502 
Veolia Environnement SA 6,341 201,946 
VINCI SA 6,089 668,145 
Vivendi SA 9,713 338,646 
Wendel SA 301 40,060 
Worldline SA/France (a)(b) 2,783 273,123 
TOTAL FRANCE  20,751,610 
Germany - 8.3%   
adidas AG 2,226 687,384 
Allianz SE 4,811 1,251,663 
BASF AG 10,733 865,584 
Bayer AG 11,487 743,267 
Bayerische Motoren Werke AG (BMW) 3,834 384,426 
Bechtle AG 304 61,895 
Beiersdorf AG 1,196 134,993 
Brenntag AG 1,834 164,664 
Carl Zeiss Meditec AG 460 81,047 
Commerzbank AG 11,436 75,495 
Continental AG 1,289 174,195 
Covestro AG (b) 2,170 141,975 
Daimler AG (Germany) 9,996 889,910 
Delivery Hero AG (a)(b) 1,520 241,311 
Deutsche Bank AG (a) 23,014 321,122 
Deutsche Borse AG 2,222 382,812 
Deutsche Lufthansa AG (a)(c) 3,468 44,771 
Deutsche Post AG 11,598 683,090 
Deutsche Telekom AG 38,985 750,268 
Deutsche Wohnen AG (Bearer) 4,026 217,812 
E.ON AG 26,468 319,039 
Evonik Industries AG 2,399 83,988 
Fresenius Medical Care AG & Co. KGaA 2,504 199,384 
Fresenius SE & Co. KGaA 4,915 241,562 
GEA Group AG 1,820 79,887 
Hannover Reuck SE 714 132,023 
HeidelbergCement AG 1,767 161,920 
HelloFresh AG (a) 1,734 143,844 
Henkel AG & Co. KGaA 1,168 116,130 
Hochtief AG 268 25,125 
Infineon Technologies AG 15,255 611,734 
KION Group AG 823 82,065 
Knorr-Bremse AG 826 101,292 
Lanxess AG 954 70,216 
LEG Immobilien AG 826 114,897 
Merck KGaA 1,517 266,550 
MTU Aero Engines AG 626 157,973 
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 1,639 474,198 
Nemetschek Se 692 51,581 
Puma AG 1,118 117,906 
Rational AG 58 48,365 
RWE AG 7,535 285,719 
SAP SE 12,192 1,707,133 
Scout24 AG (b) 1,229 102,159 
Siemens AG 8,937 1,491,004 
Siemens Healthineers AG (b) 3,142 179,354 
Symrise AG 1,520 196,265 
TeamViewer AG (a)(b) 1,832 87,132 
Telefonica Deutschland Holding AG 11,155 32,428 
Uniper SE 2,303 84,005 
United Internet AG 1,186 49,920 
Volkswagen AG 374 118,795 
Vonovia SE 6,303 414,050 
Vonovia SE rights 5/20/21 (a)(d) 6,303 12,806 
Zalando SE (a)(b) 1,808 188,109 
TOTAL GERMANY  16,846,242 
Hong Kong - 2.5%   
AIA Group Ltd. 141,245 1,792,763 
Bank of East Asia Ltd. 14,501 30,467 
BOC Hong Kong (Holdings) Ltd. 43,210 152,419 
CLP Holdings Ltd. 19,236 189,873 
Galaxy Entertainment Group Ltd. 25,635 225,733 
Hang Lung Properties Ltd. 24,400 66,593 
Hang Seng Bank Ltd. 8,976 176,221 
Henderson Land Development Co. Ltd. 17,140 76,237 
Hong Kong & China Gas Co. Ltd. 125,236 200,885 
Hong Kong Exchanges and Clearing Ltd. 14,067 851,146 
Link (REIT) 24,410 230,815 
MTR Corp. Ltd. 17,611 98,170 
New World Development Co. Ltd. 17,305 91,563 
PCCW Ltd. 46,281 26,811 
Power Assets Holdings Ltd. 15,803 97,144 
Sino Land Ltd. 38,748 57,565 
SJM Holdings Ltd. 21,285 27,621 
Sun Hung Kai Properties Ltd. 15,180 229,232 
Swire Pacific Ltd. (A Shares) 5,856 47,382 
Swire Properties Ltd. 12,965 38,723 
Techtronic Industries Co. Ltd. 16,292 296,990 
TOTAL HONG KONG  5,004,353 
Ireland - 0.8%   
CRH PLC 9,175 432,915 
DCC PLC (United Kingdom) 1,121 97,286 
Flutter Entertainment PLC (Ireland) 1,909 389,822 
James Hardie Industries PLC CDI 5,255 173,667 
Kerry Group PLC Class A 1,864 241,579 
Kingspan Group PLC (Ireland) 1,807 160,893 
Smurfit Kappa Group PLC 2,872 146,954 
TOTAL IRELAND  1,643,116 
Isle of Man - 0.1%   
Entain PLC (a) 6,870 160,486 
Israel - 0.6%   
Azrieli Group 473 33,272 
Bank Hapoalim BM (Reg.) (a) 13,124 104,641 
Bank Leumi le-Israel BM (a) 16,753 118,001 
Check Point Software Technologies Ltd. (a) 1,316 153,722 
CyberArk Software Ltd. (a) 442 62,101 
Elbit Systems Ltd. (Israel) 317 43,612 
Icl Group Ltd. 7,774 49,899 
Israel Discount Bank Ltd. (Class A) 14,083 63,644 
Mizrahi Tefahot Bank Ltd. (a) 1,710 48,168 
NICE Systems Ltd. (a) 737 178,059 
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) 12,895 137,977 
Wix.com Ltd. (a) 653 207,576 
TOTAL ISRAEL  1,200,672 
Italy - 1.8%   
Amplifon SpA 1,381 58,327 
Assicurazioni Generali SpA 13,013 261,035 
Atlantia SpA (a) 5,636 109,939 
Davide Campari-Milano NV 6,683 78,836 
DiaSorin SpA 299 50,776 
Enel SpA 95,032 943,604 
Eni SpA 29,857 355,624 
FinecoBank SpA 6,965 119,911 
Infrastrutture Wireless Italiane SpA (b) 3,786 44,152 
Intesa Sanpaolo SpA 193,453 539,330 
Mediobanca SpA (a) 7,108 80,346 
Moncler SpA 2,304 141,325 
Nexi SpA (a)(b) 5,007 95,953 
Poste Italiane SpA (b) 5,954 78,024 
Prysmian SpA 2,751 86,158 
Recordati SpA 1,194 65,803 
Snam Rete Gas SpA 24,151 135,886 
Telecom Italia SpA 96,261 52,808 
Telecom Italia SpA (Risparmio Shares) 67,608 39,665 
Terna SpA 17,061 125,736 
UniCredit SpA 24,919 256,508 
TOTAL ITALY  3,719,746 
Japan - 22.9%   
ABC-MART, Inc. 359 19,216 
ACOM Co. Ltd. 4,126 17,706 
Advantest Corp. 2,333 221,581 
AEON Co. Ltd. 7,691 209,886 
AEON MALL Co. Ltd. 1,071 16,993 
AGC, Inc. 2,194 99,974 
Air Water, Inc. 2,006 33,222 
Aisin Seiki Co. Ltd. 1,974 76,041 
Ajinomoto Co., Inc. 5,383 107,694 
Alfresa Holdings Corp. 2,106 37,711 
Amada Co. Ltd. 3,751 40,602 
Ana Holdings, Inc. (a) 1,863 42,701 
Asahi Group Holdings 5,362 223,969 
ASAHI INTECC Co. Ltd. 2,226 59,922 
Asahi Kasei Corp. 14,893 156,915 
Astellas Pharma, Inc. 21,913 329,814 
Azbil Corp. 1,407 56,903 
Bandai Namco Holdings, Inc. 2,337 171,624 
Bank of Kyoto Ltd. 690 36,997 
Bridgestone Corp. 6,284 251,670 
Brother Industries Ltd. 2,474 52,314 
Calbee, Inc. 939 22,502 
Canon, Inc. 11,771 279,916 
Capcom Co. Ltd. 2,094 68,018 
Casio Computer Co. Ltd. 2,126 37,563 
Central Japan Railway Co. 1,740 254,496 
Chiba Bank Ltd. 5,805 36,225 
Chubu Electric Power Co., Inc. 7,395 89,350 
Chugai Pharmaceutical Co. Ltd. 7,922 297,265 
Chugoku Electric Power Co., Inc. 3,195 35,666 
Coca-Cola West Co. Ltd. 1,351 21,571 
Concordia Financial Group Ltd. 12,726 47,741 
Cosmos Pharmaceutical Corp. 234 33,594 
CyberAgent, Inc. 4,672 96,099 
Dai Nippon Printing Co. Ltd. 2,905 57,707 
Dai-ichi Mutual Life Insurance Co. 12,711 228,598 
Daifuku Co. Ltd. 1,170 115,833 
Daiichi Sankyo Kabushiki Kaisha 19,946 508,642 
Daikin Industries Ltd. 2,917 588,402 
Daito Trust Construction Co. Ltd. 809 86,015 
Daiwa House Industry Co. Ltd. 6,650 196,841 
Daiwa House REIT Investment Corp. 22 59,001 
Daiwa Securities Group, Inc. 16,656 88,713 
DENSO Corp. 5,122 330,828 
Dentsu Group, Inc. 2,463 75,722 
Disco Corp. 348 112,720 
East Japan Railway Co. 3,502 239,651 
Eisai Co. Ltd. 2,921 190,537 
ENEOS Holdings, Inc. 36,714 158,291 
FANUC Corp. 2,221 511,458 
Fast Retailing Co. Ltd. 697 572,128 
Fuji Electric Co. Ltd. 1,411 64,230 
Fujifilm Holdings Corp. 4,200 272,352 
Fujitsu Ltd. 2,328 370,746 
Fukuoka Financial Group, Inc. 1,888 32,132 
GLP J-REIT 47 78,785 
GMO Payment Gateway, Inc. 469 59,864 
Hakuhodo DY Holdings, Inc. 2,580 43,460 
Hamamatsu Photonics K.K. 1,641 95,196 
Hankyu Hanshin Holdings, Inc. 2,775 87,346 
Harmonic Drive Systems, Inc. 464 31,290 
Hikari Tsushin, Inc. 290 58,324 
Hino Motors Ltd. 3,279 27,453 
Hirose Electric Co. Ltd. 353 56,233 
Hisamitsu Pharmaceutical Co., Inc. 585 34,043 
Hitachi Construction Machinery Co. Ltd. 1,183 36,316 
Hitachi Ltd. 11,325 557,597 
Hitachi Metals Ltd. 2,447 47,467 
Honda Motor Co. Ltd. 19,038 567,710 
Hoshizaki Corp. 584 51,833 
Hoya Corp. 4,428 503,817 
Hulic Co. Ltd. 3,300 37,562 
Ibiden Co. Ltd. 1,177 55,786 
Idemitsu Kosan Co. Ltd. 2,207 52,848 
Iida Group Holdings Co. Ltd. 1,637 39,888 
INPEX Corp. 11,710 79,931 
Isuzu Motors Ltd. 6,626 67,054 
ITO EN Ltd. 589 32,605 
Itochu Corp. 15,750 491,134 
ITOCHU Techno-Solutions Corp. 1,065 36,932 
Japan Airlines Co. Ltd. (a) 1,537 32,641 
Japan Airport Terminal Co. Ltd. 684 30,730 
Japan Exchange Group, Inc. 6,063 142,102 
Japan Post Bank Co. Ltd. 4,462 40,786 
Japan Post Holdings Co. Ltd. 18,503 155,351 
Japan Post Insurance Co. Ltd. 2,667 51,393 
Japan Real Estate Investment Corp. 15 93,055 
Japan Retail Fund Investment Corp. 85 83,763 
Japan Tobacco, Inc. 14,108 263,855 
JFE Holdings, Inc. 5,620 73,946 
JSR Corp. 2,441 75,158 
Kajima Corp. 5,454 75,355 
Kakaku.com, Inc. 1,524 41,415 
Kansai Electric Power Co., Inc. 8,080 79,994 
Kansai Paint Co. Ltd. 2,091 52,672 
Kao Corp. 5,706 365,833 
KDDI Corp. 18,900 571,337 
Keihan Electric Railway Co., Ltd. 1,063 38,760 
Keikyu Corp. 2,777 35,522 
Keio Corp. 1,173 76,204 
Keisei Electric Railway Co. 1,419 44,275 
Keyence Corp. 2,105 1,011,571 
Kikkoman Corp. 1,742 106,952 
Kintetsu Group Holdings Co. Ltd. 1,987 71,179 
Kirin Holdings Co. Ltd. 9,774 183,380 
Kobayashi Pharmaceutical Co. Ltd. 581 51,832 
Kobe Bussan Co. Ltd. 1,405 37,564 
Koito Manufacturing Co. Ltd. 1,272 79,260 
Komatsu Ltd. 10,268 301,927 
Konami Holdings Corp. 1,055 62,939 
Kose Corp. 356 53,617 
Kubota Corp. 12,043 283,196 
Kuraray Co. Ltd. 3,567 38,741 
Kurita Water Industries Ltd. 1,165 53,725 
Kyocera Corp. 3,738 227,003 
Kyowa Hakko Kirin Co., Ltd. 3,047 92,561 
Kyushu Electric Power Co., Inc. 4,637 42,344 
Kyushu Railway Co. 1,653 37,086 
Lasertec Corp. 925 163,688 
Lawson, Inc. 585 26,228 
Lion Corp. 2,477 46,462 
LIXIL Group Corp. 3,143 85,153 
M3, Inc. 5,138 356,214 
Makita Corp. 2,573 115,713 
Marubeni Corp. 19,572 162,715 
Marui Group Co. Ltd. 2,118 39,651 
Mazda Motor Corp. 6,772 52,421 
McDonald's Holdings Co. (Japan) Ltd. 714 32,600 
Medipal Holdings Corp. 1,996 36,673 
Meiji Holdings Co. Ltd. 1,291 79,971 
Mercari, Inc. (a) 1,043 51,534 
Minebea Mitsumi, Inc. 4,311 108,120 
Misumi Group, Inc. 3,267 92,070 
Mitsubishi Chemical Holdings Corp. 14,647 109,025 
Mitsubishi Corp. 15,635 432,040 
Mitsubishi Electric Corp. 21,356 328,674 
Mitsubishi Estate Co. Ltd. 13,984 229,740 
Mitsubishi Gas Chemical Co., Inc. 1,770 40,926 
Mitsubishi Heavy Industries Ltd. 3,812 113,254 
Mitsubishi UFJ Financial Group, Inc. 142,921 760,354 
Mitsubishi UFJ Lease & Finance Co. Ltd. 7,678 43,979 
Mitsui & Co. Ltd. 19,129 403,181 
Mitsui Chemicals, Inc. 2,110 66,414 
Mitsui Fudosan Co. Ltd. 10,741 232,923 
Miura Co. Ltd. 1,050 55,051 
Mizuho Financial Group, Inc. 28,299 397,465 
MonotaRO Co. Ltd. 2,822 72,041 
MS&AD Insurance Group Holdings, Inc. 5,243 148,477 
Murata Manufacturing Co. Ltd. 6,761 537,550 
Nabtesco Corp. 1,287 57,879 
Nagoya Railroad Co. Ltd. 2,213 50,744 
NEC Corp. 3,035 176,618 
Nexon Co. Ltd. 5,714 189,526 
NGK Insulators Ltd. 2,841 51,756 
NGK Spark Plug Co. Ltd. 1,658 27,671 
NH Foods Ltd. 939 41,885 
Nidec Corp. 5,249 606,097 
Nihon M&A Center, Inc. 3,496 91,614 
Nintendo Co. Ltd. 1,287 738,292 
Nippon Building Fund, Inc. 17 111,685 
Nippon Express Co. Ltd. 823 62,879 
Nippon Paint Holdings Co. Ltd. 8,705 124,414 
Nippon Prologis REIT, Inc. 26 83,503 
Nippon Sanso Holdings Corp. 1,650 31,010 
Nippon Shinyaku Co. Ltd. 575 38,723 
Nippon Steel & Sumitomo Metal Corp. 9,482 165,451 
Nippon Telegraph & Telephone Corp. 15,045 379,328 
Nippon Yusen KK 1,755 68,890 
Nissan Chemical Corp. 1,407 72,352 
Nissan Motor Co. Ltd. (a) 27,264 136,864 
Nisshin Seifun Group, Inc. 2,520 40,628 
Nissin Food Holdings Co. Ltd. 706 50,064 
Nitori Holdings Co. Ltd. 935 167,768 
Nitto Denko Corp. 1,863 154,440 
Nomura Holdings, Inc. 36,885 198,263 
Nomura Real Estate Holdings, Inc. 1,293 31,825 
Nomura Real Estate Master Fund, Inc. 49 77,475 
Nomura Research Institute Ltd. 3,739 115,122 
NSK Ltd. 3,908 35,973 
NTT Data Corp. 7,445 115,670 
Obayashi Corp. 7,593 69,267 
OBIC Co. Ltd. 816 157,764 
Odakyu Electric Railway Co. Ltd. 3,393 91,740 
Oji Holdings Corp. 9,855 62,129 
Olympus Corp. 13,653 280,768 
OMRON Corp. 2,211 167,712 
Ono Pharmaceutical Co. Ltd. 4,221 106,249 
Oracle Corp. Japan 464 43,517 
Oriental Land Co. Ltd. 2,334 330,484 
ORIX Corp. 15,404 247,713 
ORIX JREIT, Inc. 31 54,688 
Osaka Gas Co. Ltd. 4,536 87,491 
Otsuka Corp. 1,175 59,239 
Otsuka Holdings Co. Ltd. 4,654 178,895 
Pan Pacific International Holdings Ltd. 4,694 101,147 
Panasonic Corp. 25,909 304,224 
PeptiDream, Inc. (a) 1,059 45,397 
Persol Holdings Co. Ltd. 2,000 36,765 
Pigeon Corp. 1,291 43,766 
Pola Orbis Holdings, Inc. 948 24,574 
Rakuten Group, Inc. 10,146 128,949 
Recruit Holdings Co. Ltd. 15,873 715,674 
Renesas Electronics Corp. (a) 8,803 102,698 
Resona Holdings, Inc. 24,677 101,381 
Ricoh Co. Ltd. 7,625 81,071 
Rinnai Corp. 462 46,416 
ROHM Co. Ltd. 1,046 103,652 
Ryohin Keikaku Co. Ltd. 2,704 56,905 
Santen Pharmaceutical Co. Ltd. 4,109 52,636 
SBI Holdings, Inc. Japan 2,897 81,908 
SCSK Corp. 586 33,994 
Secom Co. Ltd. 2,449 203,377 
Sega Sammy Holdings, Inc. 1,890 27,133 
Seibu Holdings, Inc. 2,362 25,416 
Seiko Epson Corp. 3,344 56,850 
Sekisui Chemical Co. Ltd. 4,098 71,318 
Sekisui House Ltd. 7,334 148,237 
Seven & i Holdings Co. Ltd. 8,859 380,899 
SG Holdings Co. Ltd. 3,837 87,209 
Sharp Corp. 2,360 39,884 
Shimadzu Corp. 2,574 90,086 
Shimamura Co. Ltd. 235 23,266 
SHIMANO, Inc. 924 211,660 
SHIMIZU Corp. 6,823 55,875 
Shin-Etsu Chemical Co. Ltd. 4,194 708,018 
Shinsei Bank Ltd. 1,659 24,151 
Shionogi & Co. Ltd. 3,041 160,319 
Shiseido Co. Ltd. 4,669 338,694 
Shizuoka Bank Ltd. 5,499 42,114 
SMC Corp. 696 404,074 
SoftBank Corp. 33,713 434,793 
SoftBank Group Corp. 18,324 1,651,187 
Sohgo Security Services Co., Ltd. 821 35,983 
Sompo Holdings, Inc. 3,859 143,357 
Sony Group Corp. 14,713 1,470,990 
Square Enix Holdings Co. Ltd. 1,055 58,692 
Stanley Electric Co. Ltd. 1,611 46,138 
Subaru Corp. 7,028 130,380 
Sumco Corp. 2,949 76,417 
Sumitomo Chemical Co. Ltd. 17,026 86,774 
Sumitomo Corp. 14,075 191,633 
Sumitomo Dainippon Pharma Co., Ltd. 1,935 33,551 
Sumitomo Electric Industries Ltd. 8,944 133,067 
Sumitomo Metal Mining Co. Ltd. 2,686 114,012 
Sumitomo Mitsui Financial Group, Inc. 15,287 537,013 
Sumitomo Mitsui Trust Holdings, Inc. 4,055 138,024 
Sumitomo Realty & Development Co. Ltd. 3,622 120,601 
Sundrug Co. Ltd. 819 27,914 
Suntory Beverage & Food Ltd. 1,732 58,478 
Suzuken Co. Ltd. 712 25,636 
Suzuki Motor Corp. 4,318 163,846 
Sysmex Corp. 1,980 197,928 
T&D Holdings, Inc. 6,196 75,912 
Taiheiyo Cement Corp. 1,303 32,655 
Taisei Corp. 2,316 85,401 
Taisho Pharmaceutical Holdings Co. Ltd. 414 24,395 
Takeda Pharmaceutical Co. Ltd. 18,478 617,175 
TDK Corp. 1,517 206,125 
TECMO KOEI HOLDINGS CO., LTD. 748 33,434 
Teijin Ltd. 1,926 31,686 
Terumo Corp. 7,580 286,582 
THK Co. Ltd. 1,506 51,330 
TIS, Inc. 2,772 68,862 
Tobu Railway Co. Ltd. 2,215 56,951 
Toho Co. Ltd. 1,290 51,345 
Toho Gas Co. Ltd. 825 45,821 
Tohoku Electric Power Co., Inc. 4,997 44,031 
Tokio Marine Holdings, Inc. 7,356 352,016 
Tokyo Century Corp. 473 29,214 
Tokyo Electric Power Co., Inc. (a) 16,525 48,839 
Tokyo Electron Ltd. 1,750 773,721 
Tokyo Gas Co. Ltd. 4,315 87,374 
Tokyu Corp. 5,717 73,496 
Tokyu Fudosan Holdings Corp. 6,676 37,079 
Toppan Printing Co. Ltd. 3,038 51,787 
Toray Industries, Inc. 15,802 98,204 
Toshiba Corp. 4,444 183,591 
Tosoh Corp. 3,227 57,223 
Toto Ltd. 1,635 84,824 
Toyo Suisan Kaisha Ltd. 1,047 42,679 
Toyoda Gosei Co. Ltd. 704 17,199 
Toyota Industries Corp. 1,741 139,388 
Toyota Motor Corp. 24,758 1,852,497 
Toyota Tsusho Corp. 2,457 103,864 
Trend Micro, Inc. 1,520 72,321 
Tsuruha Holdings, Inc. 460 53,117 
Unicharm Corp. 4,774 185,386 
United Urban Investment Corp. 33 49,338 
USS Co. Ltd. 2,768 50,173 
Welcia Holdings Co. Ltd. 1,055 32,917 
West Japan Railway Co. 1,870 103,210 
Yakult Honsha Co. Ltd. 1,514 73,698 
Yamada Holdings Co. Ltd. 9,015 44,873 
Yamaha Corp. 1,523 82,916 
Yamaha Motor Co. Ltd. 3,172 79,206 
Yamato Holdings Co. Ltd. 3,312 93,490 
Yamazaki Baking Co. Ltd. 1,302 20,622 
Yaskawa Electric Corp. 2,798 129,032 
Yokogawa Electric Corp. 2,779 50,449 
Z Holdings Corp. 31,317 144,708 
ZOZO, Inc. 1,182 39,908 
TOTAL JAPAN  46,572,093 
Luxembourg - 0.3%   
ArcelorMittal SA (Netherlands) 8,432 245,831 
Aroundtown SA 11,420 87,925 
Eurofins Scientific SA (a) 1,564 154,844 
SES SA (France) (depositary receipt) 4,256 32,256 
Tenaris SA 5,277 56,585 
TOTAL LUXEMBOURG  577,441 
Multi-National - 0.0%   
HK Electric Investments & HK Electric Investments Ltd. unit 28,754 28,799 
HKT Trust/HKT Ltd. unit 44,292 64,319 
TOTAL MULTI-NATIONAL  93,118 
Netherlands - 5.3%   
ABN AMRO Group NV GDR (a)(b) 5,014 64,790 
Adyen BV (a)(b) 213 524,213 
AEGON NV 20,370 94,401 
Airbus Group NV 6,868 825,944 
Akzo Nobel NV 2,271 272,813 
Argenx SE (a) 532 152,874 
ASM International NV (Netherlands) 556 169,051 
ASML Holding NV (Netherlands) 4,964 3,222,341 
CNH Industrial NV 12,001 178,477 
EXOR NV 1,235 101,440 
Ferrari NV 1,475 315,917 
Heineken Holding NV 1,361 135,155 
Heineken NV (Bearer) 3,030 351,313 
ING Groep NV (Certificaten Van Aandelen) 45,598 582,514 
JDE Peet's BV 810 31,474 
Just Eat Takeaway.com NV (a)(b) 1,486 153,643 
Koninklijke Ahold Delhaize NV 12,887 346,814 
Koninklijke DSM NV 2,018 361,980 
Koninklijke KPN NV 42,273 145,826 
Koninklijke Philips Electronics NV 10,642 601,732 
Koninklijke Vopak NV 773 35,408 
NN Group NV 3,500 174,921 
Prosus NV 5,692 617,762 
QIAGEN NV (Germany) (a) 2,714 132,246 
Randstad NV 1,354 97,801 
Stellantis NV (Italy) 23,945 397,964 
STMicroelectronics NV (France) 7,442 277,968 
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit 1,623 133,836 
Wolters Kluwer NV 3,142 284,292 
Wolters Kluwer NV rights (a)(d) 3,142 3,362 
TOTAL NETHERLANDS  10,788,272 
New Zealand - 0.3%   
Auckland International Airport Ltd. 14,330 77,832 
Fisher & Paykel Healthcare Corp. 6,800 174,936 
Mercury Nz Ltd. 7,686 38,171 
Meridian Energy Ltd. 15,296 58,341 
Ryman Healthcare Group Ltd. 4,592 46,629 
Spark New Zealand Ltd. 21,852 68,804 
The a2 Milk Co. Ltd. (a) 8,465 46,340 
Xero Ltd. (a) 1,433 156,270 
TOTAL NEW ZEALAND  667,323 
Norway - 0.6%   
Adevinta ASA Class B (a) 2,735 50,107 
DNB ASA 10,906 233,893 
Equinor ASA 11,500 234,172 
Gjensidige Forsikring ASA 2,425 55,192 
Mowi ASA 5,198 128,389 
Norsk Hydro ASA 15,289 97,357 
Orkla ASA 8,588 87,655 
Schibsted ASA:   
(A Shares) 883 44,489 
(B Shares) 1,093 47,927 
Telenor ASA 8,318 148,343 
Yara International ASA 1,985 103,662 
TOTAL NORWAY  1,231,186 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 22,483 65,815 
Portugal - 0.1%   
Energias de Portugal SA 32,969 183,202 
Galp Energia SGPS SA Class B 5,717 65,830 
Jeronimo Martins SGPS SA 2,750 50,221 
TOTAL PORTUGAL  299,253 
Singapore - 1.1%   
Ascendas Real Estate Investment Trust 37,251 87,057 
CapitaLand Ltd. 30,653 85,688 
CapitaMall Trust 52,137 84,234 
City Developments Ltd. 4,968 29,455 
DBS Group Holdings Ltd. 21,034 472,761 
Genting Singapore Ltd. 66,494 43,222 
Keppel Corp. Ltd. 16,816 68,490 
Mapletree Commercial Trust 27,777 45,712 
Mapletree Logistics Trust (REIT) 31,843 47,618 
Oversea-Chinese Banking Corp. Ltd. 39,288 360,183 
Singapore Airlines Ltd. (a) 16,262 61,632 
Singapore Exchange Ltd. 9,789 76,870 
Singapore Technologies Engineering Ltd. 19,093 55,382 
Singapore Telecommunications Ltd. 96,262 180,842 
Suntec (REIT) 21,616 24,853 
United Overseas Bank Ltd. 13,766 275,061 
UOL Group Ltd. 5,144 29,764 
Venture Corp. Ltd. 3,257 49,317 
Wilmar International Ltd. 22,022 86,384 
TOTAL SINGAPORE  2,164,525 
Spain - 2.4%   
ACS Actividades de Construccion y Servicios SA 2,692 87,805 
Aena Sme SA (a)(b) 803 139,694 
Amadeus IT Holding SA Class A (a) 5,271 358,945 
Banco Bilbao Vizcaya Argentaria SA 77,979 437,861 
Banco Santander SA (Spain) 202,604 783,112 
CaixaBank SA 52,082 166,609 
Cellnex Telecom SA (b) 5,175 292,666 
Enagas SA 2,850 62,087 
Endesa SA 3,603 94,691 
Ferrovial SA 5,729 162,825 
Grifols SA 3,395 92,041 
Iberdrola SA 71,482 966,005 
Industria de Diseno Textil SA 12,744 453,822 
Naturgy Energy Group SA 3,301 84,651 
Red Electrica Corporacion SA 4,937 90,665 
Repsol SA 17,679 211,022 
Siemens Gamesa Renewable Energy SA 2,709 98,033 
Telefonica SA 59,375 275,163 
TOTAL SPAIN  4,857,697 
Sweden - 3.3%   
Alfa Laval AB (c) 3,580 121,116 
ASSA ABLOY AB (B Shares) 11,715 333,922 
Atlas Copco AB:   
(A Shares) 7,946 481,516 
(B Shares) 4,408 228,847 
Boliden AB (c) 3,116 121,393 
Electrolux AB (B Shares) 2,581 72,440 
Epiroc AB:   
(A Shares) 7,640 165,605 
(B Shares) 4,621 90,667 
EQT AB 2,709 91,617 
Ericsson (B Shares) 34,097 468,293 
Essity AB (B Shares) 7,140 233,036 
Evolution Gaming Group AB (b) 1,877 370,719 
Fastighets AB Balder (a) 1,236 71,206 
H&M Hennes & Mauritz AB (B Shares) 9,410 232,095 
Hexagon AB (B Shares) 3,284 313,211 
Husqvarna AB (B Shares) 4,994 69,522 
ICA Gruppen AB (c) 1,207 55,605 
Industrivarden AB:   
(A Shares) (c) 1,190 45,657 
(C Shares) 1,858 67,072 
Investor AB (B Shares) 5,290 449,230 
Kinnevik AB (B Shares) 2,846 157,335 
L E Lundbergforetagen AB 937 53,549 
Latour Investment AB (B Shares) 1,775 54,305 
Lundin Petroleum AB 2,122 67,980 
Nibe Industrier AB (B Shares) 3,557 130,170 
Sandvik AB (c) 13,167 325,537 
Securitas AB (B Shares) 3,815 65,096 
Skandinaviska Enskilda Banken AB (A Shares) 19,062 244,649 
Skanska AB (B Shares) 3,881 105,259 
SKF AB (B Shares) 4,486 115,839 
Svenska Cellulosa AB SCA (B Shares) 7,167 125,721 
Svenska Handelsbanken AB (A Shares) 18,291 211,815 
Swedbank AB (A Shares) 10,621 186,611 
Swedish Match Co. AB 1,924 157,819 
Tele2 AB (B Shares) 5,745 74,209 
Telia Co. AB 29,413 121,744 
Volvo AB (B Shares) 16,597 405,536 
TOTAL SWEDEN  6,685,943 
Switzerland - 9.0%   
ABB Ltd. (Reg.) 21,516 698,886 
Adecco SA (Reg.) 1,837 124,391 
Alcon, Inc. (Switzerland) 5,753 431,514 
Baloise Holdings AG 533 90,112 
Banque Cantonale Vaudoise 337 34,355 
Barry Callebaut AG 42 92,715 
Clariant AG (Reg.) 2,175 45,524 
Coca-Cola HBC AG 2,289 79,094 
Compagnie Financiere Richemont SA Series A 6,100 626,023 
Credit Suisse Group AG 28,590 298,845 
Credit Suisse Group AG rights 5/6/21 (a)(e) 28,590 0 
Ems-Chemie Holding AG 94 87,747 
Geberit AG (Reg.) 436 286,640 
Givaudan SA 108 452,222 
Julius Baer Group Ltd. 2,632 165,651 
Kuehne & Nagel International AG 633 189,224 
LafargeHolcim Ltd. (Reg.) 6,129 377,840 
Lindt & Spruengli AG 1 98,768 
Lindt & Spruengli AG (participation certificate) 11 102,020 
Logitech International SA (Reg.) 1,930 216,405 
Lonza Group AG 869 552,436 
Nestle SA (Reg. S) 33,610 4,010,715 
Novartis AG 25,918 2,211,749 
Partners Group Holding AG 219 311,744 
Roche Holding AG:   
(Bearer) 379 131,638 
(participation certificate) 8,198 2,673,826 
Schindler Holding AG:   
(participation certificate) 474 134,843 
(Reg.) 237 65,916 
SGS SA (Reg.) 71 209,910 
Siemens Energy AG (a) 4,686 156,618 
Sika AG 1,662 495,734 
Sonova Holding AG Class B 644 190,467 
Straumann Holding AG 122 174,267 
Swatch Group AG (Bearer) 335 102,563 
Swatch Group AG (Bearer) (Reg.) 660 39,567 
Swiss Life Holding AG 361 175,865 
Swiss Prime Site AG 877 85,227 
Swiss Re Ltd. 3,346 310,987 
Swisscom AG 312 169,213 
Temenos Group AG 784 115,121 
UBS Group AG 42,776 652,237 
Vifor Pharma AG 520 74,904 
Zurich Insurance Group Ltd. 1,754 719,594 
TOTAL SWITZERLAND  18,263,117 
United Kingdom - 13.1%   
3i Group PLC 11,452 202,758 
Admiral Group PLC 2,192 94,723 
Anglo American PLC (United Kingdom) 14,362 608,923 
Antofagasta PLC 4,476 115,317 
Ashtead Group PLC 5,294 340,048 
Associated British Foods PLC 4,185 133,395 
AstraZeneca PLC (United Kingdom) 15,331 1,631,892 
Auto Trader Group PLC (a)(b) 11,026 86,803 
Aveva Group PLC 1,362 65,458 
Aviva PLC 46,102 254,868 
BAE Systems PLC 37,730 263,553 
Barclays PLC 203,006 491,472 
Barratt Developments PLC 12,037 128,335 
Berkeley Group Holdings PLC 1,428 91,251 
BHP Group PLC 24,698 743,776 
BP PLC 237,007 992,195 
British American Tobacco PLC (United Kingdom) 26,810 994,741 
British Land Co. PLC 10,043 71,901 
BT Group PLC (a) 104,810 238,762 
Bunzl PLC 3,979 127,873 
Burberry Group PLC (a) 4,788 136,283 
Coca-Cola European Partners PLC 2,404 136,595 
Compass Group PLC (a) 20,904 454,751 
Croda International PLC 1,651 154,227 
Diageo PLC 27,313 1,226,119 
Direct Line Insurance Group PLC 15,562 61,273 
Evraz PLC 5,660 50,215 
Fresnillo PLC 2,083 23,693 
GlaxoSmithKline PLC 58,633 1,083,524 
Halma PLC 4,477 160,015 
Hargreaves Lansdown PLC 3,772 89,574 
Hikma Pharmaceuticals PLC 1,978 66,654 
HSBC Holdings PLC (United Kingdom) 237,834 1,484,968 
Imperial Brands PLC 11,132 231,761 
Informa PLC (a) 17,714 137,536 
InterContinental Hotel Group PLC (a) 2,064 146,674 
Intertek Group PLC 1,911 161,993 
J Sainsbury PLC 20,227 66,400 
JD Sports Fashion PLC (a) 6,132 77,776 
Johnson Matthey PLC 2,203 98,880 
Kingfisher PLC 24,037 118,663 
Land Securities Group PLC 8,048 80,115 
Legal & General Group PLC 70,026 263,436 
Lloyds Banking Group PLC 828,167 519,327 
London Stock Exchange Group PLC 3,694 377,518 
M&G PLC 29,601 88,833 
Melrose Industries PLC 57,316 128,946 
Mondi PLC 5,742 155,824 
National Grid PLC 41,151 518,731 
NatWest Group PLC 56,877 154,429 
Next PLC (a) 1,567 168,844 
NMC Health PLC (a) 941 339 
Ocado Group PLC (a) 5,703 165,162 
Pearson PLC 8,568 98,293 
Persimmon PLC 3,756 162,464 
Phoenix Group Holdings PLC 6,274 61,641 
Prudential PLC 30,485 645,498 
Reckitt Benckiser Group PLC 8,314 740,259 
RELX PLC:   
rights (a)(d) 22,579 10,415 
(London Stock Exchange) 22,579 586,079 
Rentokil Initial PLC 21,830 150,862 
Rio Tinto PLC 13,113 1,098,309 
Rolls-Royce Holdings PLC 97,867 141,404 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 46,592 876,688 
Class B (United Kingdom) 44,713 800,080 
RSA Insurance Group PLC 12,099 114,024 
Sage Group PLC 12,891 113,584 
Schroders PLC 1,414 70,457 
Segro PLC 14,070 195,382 
Severn Trent PLC 2,710 92,705 
Smith & Nephew PLC 10,300 222,931 
Smiths Group PLC 4,511 101,267 
Spirax-Sarco Engineering PLC 867 141,469 
SSE PLC 12,287 249,104 
St. James's Place Capital PLC 6,354 119,474 
Standard Chartered PLC (United Kingdom) 31,464 225,784 
Standard Life PLC 25,098 96,186 
Taylor Wimpey PLC 41,423 102,744 
Tesco PLC 90,672 276,782 
Unilever PLC 30,699 1,798,259 
United Utilities Group PLC 7,739 103,515 
Vodafone Group PLC 313,830 592,260 
Whitbread PLC (a) 2,306 103,312 
WM Morrison Supermarkets PLC 27,436 65,873 
TOTAL UNITED KINGDOM  26,624,226 
TOTAL COMMON STOCKS   
(Cost $163,562,469)  194,015,285 
Nonconvertible Preferred Stocks - 0.6%   
Germany - 0.6%   
Bayerische Motoren Werke AG (BMW) (non-vtg.) 712 58,379 
Fuchs Petrolub AG 751 40,034 
Henkel AG & Co. KGaA 2,131 244,824 
Porsche Automobil Holding SE (Germany) 1,799 189,644 
Sartorius AG (non-vtg.) 417 235,228 
Volkswagen AG 2,176 566,908 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $903,596)  1,335,017 
Money Market Funds - 3.7%   
Fidelity Cash Central Fund 0.04% (f) 6,712,187 6,713,529 
Fidelity Securities Lending Cash Central Fund 0.04% (f)(g) 754,300 754,375 
TOTAL MONEY MARKET FUNDS   
(Cost $7,467,904)  7,467,904 
TOTAL INVESTMENT IN SECURITIES - 99.8%   
(Cost $171,933,969)  202,818,206 
NET OTHER ASSETS (LIABILITIES) - 0.2%  358,958 
NET ASSETS - 100%  $203,177,164 

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) 70 June 2021 $7,906,500 $121,678 $121,678 

The notional amount of futures purchased as a percentage of Net Assets is 3.9%

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 $3,737,463 or 1.8% of net assets.

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

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

 (e) Level 3 security

 (f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

Affiliated Central Funds

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

Fund Income earned 
Fidelity Cash Central Fund $1,445 
Fidelity Securities Lending Cash Central Fund 1,587 
Total $3,032 

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. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2021, 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 $10,216,262 $4,357,351 $5,858,911 $-- 
Consumer Discretionary 24,814,765 15,428,333 9,386,432 -- 
Consumer Staples 20,176,682 8,305,786 11,870,896 -- 
Energy 6,206,593 1,545,971 4,660,622 -- 
Financials 33,842,878 21,743,338 12,099,540 -- 
Health Care 23,321,064 9,743,873 13,577,191 -- 
Industrials 29,889,708 19,757,046 10,132,662 -- 
Information Technology 18,067,242 9,765,941 8,301,301 -- 
Materials 15,758,769 10,584,105 5,174,664 -- 
Real Estate 6,027,493 6,014,687 12,806 -- 
Utilities 7,028,846 4,106,233 2,922,613 -- 
Money Market Funds 7,467,904 7,467,904 -- -- 
Total Investments in Securities: $202,818,206 $118,820,568 $83,997,638 $-- 
Derivative Instruments:     
Assets     
Futures Contracts $121,678 $121,678 $-- $-- 
Total Assets $121,678 $121,678 $-- $-- 
Total Derivative Instruments: $121,678 $121,678 $-- $-- 

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, 2021. 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) $121,678 $0 
Total Equity Risk 121,678 0 
Total Value of Derivatives $121,678 $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 Total accumulated earnings (loss).

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


Financial Statements

Statement of Assets and Liabilities

  April 30, 2021 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $652,942) — See accompanying schedule:
Unaffiliated issuers (cost $164,466,065) 		$195,350,302  
Fidelity Central Funds (cost $7,467,904) 7,467,904  
Total Investment in Securities (cost $171,933,969)  $202,818,206 
Segregated cash with brokers for derivative instruments  520,344 
Foreign currency held at value (cost $210,160)  210,382 
Receivable for investments sold  212 
Receivable for fund shares sold  760,379 
Dividends receivable  934,678 
Distributions receivable from Fidelity Central Funds  1,507 
Receivable from investment adviser for expense reductions  22,060 
Other receivables  2,930 
Total assets  205,270,698 
Liabilities   
Payable for investments purchased   
Regular delivery $15,666  
Delayed delivery 26,583  
Payable for fund shares redeemed 1,152,241  
Payable for daily variation margin on futures contracts 103,980  
Other payables and accrued expenses 40,689  
Collateral on securities loaned 754,375  
Total liabilities  2,093,534 
Net Assets  $203,177,164 
Net Assets consist of:   
Paid in capital  $172,333,274 
Total accumulated earnings (loss)  30,843,890 
Net Assets  $203,177,164 
Net Asset Value, offering price and redemption price per share ($203,177,164 ÷ 16,889,310 shares)  $12.03 

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


Statement of Operations

  Six months ended April 30, 2021 (Unaudited) 
Investment Income   
Dividends  $2,572,434 
Interest  112 
Income from Fidelity Central Funds (including $1,587 from security lending)  3,032 
Income before foreign taxes withheld  2,575,578 
Less foreign taxes withheld  (235,682) 
Total income  2,339,896 
Expenses   
Custodian fees and expenses $37,036  
Independent trustees' fees and expenses 342  
Total expenses before reductions 37,378  
Expense reductions (25,889)  
Total expenses after reductions  11,489 
Net investment income (loss)  2,328,407 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (732,196)  
Foreign currency transactions 40,642  
Futures contracts 589,050  
Total net realized gain (loss)  (102,504) 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 35,743,905  
Assets and liabilities in foreign currencies 4,232  
Futures contracts 282,786  
Total change in net unrealized appreciation (depreciation)  36,030,923 
Net gain (loss)  35,928,419 
Net increase (decrease) in net assets resulting from operations  $38,256,826 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2021 (Unaudited) Year ended October 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $2,328,407 $2,963,577 
Net realized gain (loss) (102,504) (1,743,743) 
Change in net unrealized appreciation (depreciation) 36,030,923 (8,323,243) 
Net increase (decrease) in net assets resulting from operations 38,256,826 (7,103,409) 
Distributions to shareholders (2,911,605) (2,090,585) 
Share transactions   
Proceeds from sales of shares 54,620,546 58,502,909 
Reinvestment of distributions 2,911,605 2,090,585 
Cost of shares redeemed (18,930,365) (24,758,269) 
Net increase (decrease) in net assets resulting from share transactions 38,601,786 35,835,225 
Total increase (decrease) in net assets 73,947,007 26,641,231 
Net Assets   
Beginning of period 129,230,157 102,588,926 
End of period $203,177,164 $129,230,157 
Other Information   
Shares   
Sold 4,745,963 6,056,616 
Issued in reinvestment of distributions 264,932 201,018 
Redeemed (1,667,848) (2,563,671) 
Net increase (decrease) 3,343,047 3,693,963 

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,   
 2021 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.54 $10.41 $9.43 $10.00 
Income from Investment Operations     
Net investment income (loss)B .16 .24 .33 .05 
Net realized and unrealized gain (loss) 2.55 (.90) .71 (.62) 
Total from investment operations 2.71 (.66) 1.04 (.57) 
Distributions from net investment income (.22) (.20) (.06) – 
Distributions from net realized gain – (.01) – – 
Total distributions (.22) (.21) (.06) – 
Net asset value, end of period $12.03 $9.54 $10.41 $9.43 
Total ReturnC,D 28.59% (6.52)% 11.06% (5.70)% 
Ratios to Average Net AssetsE,F     
Expenses before reductions .04%G .11% .24% 1.18%G 
Expenses net of fee waivers, if any .01%G .02% .01% .01%G 
Expenses net of all reductions .01%G .02% .01% .01%G 
Net investment income (loss) 2.71%G 2.47% 3.33% 2.29%G 
Supplemental Data     
Net assets, end of period (000 omitted) $203,177 $129,230 $102,589 $9,630 
Portfolio turnover rateH 10%G,I 3% 2% 1%J 

 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 mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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

 J 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, 2021

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 are offered only to certain other Fidelity funds and Fidelity managed 529 plans. 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.

Funds may 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 Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund Investment Manager Investment Objective Investment Practices Expense Ratio(a) 
Fidelity Money Market Central Funds Fidelity Management & Research Company LLC (FMR) Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. Short-term Investments .005% to .01% 

 (a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission 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 - Investment 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 Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. 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. 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.

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, 2021 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. Certain 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 Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. 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. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. 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), 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:

Gross unrealized appreciation $37,543,405 
Gross unrealized depreciation (7,702,136) 
Net unrealized appreciation (depreciation) $29,841,269 
Tax cost $173,098,615 

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. 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 $(697,112) 
Long-term (1,005,184) 
Total capital loss carryforward $(1,702,296) 

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. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. 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 (including Private Placements). 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 held at period end is included at the end of the Schedule of Investments, if applicable.

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. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

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

 Purchases ($) Sales ($) 
Fidelity Series International Index Fund 14,657,399 8,003,600 

Unaffiliated Exchanges In-Kind. During the period, the Fund received investments and cash valued at $27,766,481 in exchange for 2,414,477 shares of the Fund. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets.

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (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. 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. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

Other. During the period, the investment adviser reimbursed the Fund for certain losses in the amount of $6,993.

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 pro-rata portion of the line of credit are borne by the investment adviser. During the period, there were no borrowings on this line of credit.

8. Security Lending.

Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a 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 a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:

 Total Security Lending Fees Paid to NFS Security Lending Income From Securities Loaned to NFS Value of Securities Loaned to NFS at Period End 
Fidelity Series International Index Fund $165 $– $– 

9. Expense Reductions.

The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .013% of average net assets. This reimbursement will remain in place through February 29, 2024. Some expenses, for example the compensation of the independent Trustees, and certain other expenses such as interest expense, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $25,889.

10. Other.

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 and accounts managed by FMR or its affiliates were the owners of record of all of the outstanding shares of the Fund.

11. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Fund's performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a 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, 2020 to April 30, 2021).

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 for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the 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 actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the 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, 2020 		Ending
Account Value
April 30, 2021 		Expenses Paid
During Period-B
November 1, 2020
to April 30, 2021 
Fidelity Series International Index Fund .01%    
Actual  $1,000.00 $1,285.90 $.06 
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 annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 C 5% return per year before expenses

Board Approval of Investment Advisory Contracts

Fidelity Series International Index Fund

At its January 2021 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contract with Fidelity Management & Research Company LLC (FMR), and the sub-advisory agreements and sub-subadvisory agreements, in each case, where applicable (together, the Advisory Contracts) for the fund, including the fund's sub-advisory agreement with Geode Capital Management, LLC, for four months from February 1, 2021 through May 31, 2021, in connection with changes to the Board's meeting calendar.

The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management. The Board also considered that since its last approval of the fund's Advisory Contracts, FMR had provided additional information on the fund in support of the annual contract renewal process, including competitive analyses on total expenses and management fees and in-depth reviews of fund performance and fund profitability information. The Board also considered the findings of certain ad hoc committees that had been previously formed to discuss matters relevant to all of the Fidelity funds, including economies of scale, fall-out benefits and retail vs. institutional funds. The Board noted that, effective August 1, 2020, the expense cap for the fund was lowered and that the expense cap arrangements were amended to remove certain exclusions. The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification, through May 31, 2021, with the understanding that the Board will consider the annual renewal for a full one year period in May 2021.

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

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the fund's management fee structure is fair and reasonable, and that the continuation of the fund's Advisory Contracts should be approved for four months from February 1, 2021 through May 31, 2021.

Liquidity Risk Management Program

The Securities and Exchange Commission adopted Rule 22e-4 under the Investment Company Act of 1940 (the Liquidity Rule) to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders.

The Fund has adopted and implemented a liquidity risk management program pursuant to the Liquidity Rule (the Program) effective December 1, 2018. The Program is reasonably designed to assess and manage the Fund’s liquidity risk and to comply with the requirements of the Liquidity Rule. The Fund’s Board of Trustees (the Board) has designated the Fund’s investment adviser as administrator of the Program. The Fidelity advisers have established a Liquidity Risk Management Committee (the LRM Committee) to manage the Program for each of the Fidelity Funds. The LRM Committee monitors the adequacy and effectiveness of implementation of the Program and on a periodic basis assesses each Fund’s liquidity risk based on a variety of factors including (1) the Fund’s investment strategy, (2) portfolio liquidity and cash flow projections during normal and reasonably foreseeable stressed conditions, (3) shareholder redemptions, (4) borrowings and other funding sources and (5) in the case of exchange-traded funds, certain additional factors including the effect of the Fund’s prices and spreads, market participants, and basket compositions on the overall liquidity of the Fund’s portfolio, as applicable.

In accordance with the Program, each of the Fund’s portfolio investments is classified into one of four liquidity categories described below based on a determination of a reasonable expectation for how long it would take to convert the investment to cash (or sell or dispose of the investment) without significantly changing its market value.

  • Highly liquid investments – cash or convertible to cash within three business days or less
  • Moderately liquid investments – convertible to cash in three to seven calendar days
  • Less liquid investments – can be sold or disposed of, but not settled, within seven calendar days
  • Illiquid investments – cannot be sold or disposed of within seven calendar days

Liquidity classification determinations take into account a variety of factors including various market, trading and investment-specific considerations, as well as market depth, and generally utilize analysis from a third-party liquidity metrics service.

The Liquidity Rule places a 15% limit on a fund’s illiquid investments and requires funds that do not primarily hold assets that are highly liquid investments to determine and maintain a minimum percentage of the fund’s net assets to be invested in highly liquid investments (highly liquid investment minimum or HLIM). The Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments and for determining, periodically reviewing and complying with the HLIM requirement as applicable.

At a recent meeting of the Fund’s Board of Trustees, the LRM Committee provided a written report to the Board pertaining to the operation, adequacy, and effectiveness of implementation of the Program for the annual period from December 1, 2019 through November 30, 2020. The report concluded that the Program has been implemented and is operating effectively and is reasonably designed to assess and manage the Fund’s liquidity risk.





Fidelity Investments

IIF-SANN-0621
1.9891250.102

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, 2021

Fidelity Investments



Fidelity Investments

Contents

Note to Shareholders

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

Board Approval of Investment Advisory Contracts

Liquidity Risk Management Program


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. © 2021 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.



Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, 2020 the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, global governments and central banks took unprecedented action to help support consumers, businesses, and the broader economies, and to limit disruption to financial systems.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Fidelity ZERO℠ Extended Market Index Fund

Investment Summary (Unaudited)

Top Ten Stocks as of April 30, 2021

 % of fund's net assets 
L Brands, Inc. 0.3 
Whirlpool Corp. 0.2 
Dentsply Sirona, Inc. 0.3 
Molina Healthcare, Inc. 0.3 
Diamondback Energy, Inc. 0.2 
Crown Holdings, Inc. 0.2 
WestRock Co. 0.2 
Textron, Inc. 0.2 
Signature Bank 0.2 
J.B. Hunt Transport Services, Inc. 0.2 
 2.3 

Top Market Sectors as of April 30, 2021

 % of fund's net assets 
Industrials 16.6 
Financials 16.4 
Consumer Discretionary 14.3 
Health Care 13.2 
Information Technology 12.8 
Real Estate 8.4 
Materials 5.3 
Communication Services 3.6 
Consumer Staples 3.5 
Utilities 3.0 

Asset Allocation (% of fund's net assets)

As of April 30, 2021 * 
   Stocks and Equity Futures 100.0% 


 * Foreign investments - 5.2%

Fidelity ZERO℠ Extended Market Index Fund

Schedule of Investments April 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.8%   
 Shares Value 
COMMUNICATION SERVICES - 3.6%   
Diversified Telecommunication Services - 0.8%   
Alaska Communication Systems Group, Inc. 7,561 $25,027 
Anterix, Inc. (a) 2,168 102,590 
ATN International, Inc. 1,998 91,069 
Bandwidth, Inc. (a) 4,230 559,206 
Cincinnati Bell, Inc. (a) 9,449 145,798 
Cogent Communications Group, Inc. 7,854 593,056 
Consolidated Communications Holdings, Inc. (a) 14,324 103,133 
Globalstar, Inc. (a)(b) 114,145 144,964 
IDT Corp. Class B (a) 3,233 77,624 
Iridium Communications, Inc. (a) 22,072 838,515 
Liberty Global PLC:   
Class A (a) 27,369 736,226 
Class C (a) 65,783 1,780,088 
Liberty Latin America Ltd.:   
Class A (a) 3,279 45,529 
Class C (a) 34,351 479,196 
Lumen Technologies, Inc. 185,177 2,375,821 
Ooma, Inc. (a) 4,157 68,715 
ORBCOMM, Inc. (a) 14,837 170,032 
Vonage Holdings Corp. (a) 44,087 597,379 
  8,933,968 
Entertainment - 0.7%   
AMC Entertainment Holdings, Inc. Class A (a)(b) 70,579 707,907 
Cinemark Holdings, Inc. (a)(b) 20,106 426,247 
Lions Gate Entertainment Corp.:   
Class A (a)(b) 15,813 228,814 
Class B (a) 17,445 219,807 
Live Nation Entertainment, Inc. (a) 26,931 2,205,110 
LiveXLive Media, Inc. (a)(b) 9,298 39,888 
Madison Square Garden Entertainment Corp. (a) 3,322 301,006 
Madison Square Garden Sports Corp. (a) 3,265 603,503 
Marcus Corp. (a)(b) 4,444 88,702 
Playtika Holding Corp. 12,930 359,195 
Sciplay Corp. (A Shares) (a)(b) 4,374 77,201 
Warner Music Group Corp. Class A 16,699 633,894 
World Wrestling Entertainment, Inc. Class A (b) 8,832 486,732 
Zynga, Inc. (a) 188,862 2,043,487 
  8,421,493 
Interactive Media & Services - 0.3%   
ANGI Homeservices, Inc. Class A (a) 14,851 237,765 
CarGurus, Inc. Class A (a) 16,882 416,648 
Cars.com, Inc. (a) 12,288 162,324 
Eventbrite, Inc. (a)(b) 13,310 313,717 
EverQuote, Inc. Class A (a)(b) 2,175 73,667 
Liberty TripAdvisor Holdings, Inc. (a) 12,901 65,279 
QuinStreet, Inc. (a) 9,810 198,849 
TripAdvisor, Inc. (a) 18,093 852,723 
TrueCar, Inc. (a) 17,784 81,806 
Yelp, Inc. (a) 13,086 514,280 
Zoominfo Technologies, Inc. 17,604 912,943 
  3,830,001 
Media - 1.7%   
Altice U.S.A., Inc. Class A (a) 45,639 1,657,152 
AMC Networks, Inc. Class A (a)(b) 5,668 284,987 
Boston Omaha Corp. (a) 2,829 79,269 
Cable One, Inc. 1,019 1,824,010 
Cardlytics, Inc. (a) 5,875 807,989 
Cbdmd, Inc. (a) 6,249 24,059 
Clear Channel Outdoor Holdings, Inc. (a) 85,669 215,029 
DISH Network Corp. Class A (a) 46,383 2,077,495 
E.W. Scripps Co. Class A 10,742 232,242 
Entercom Communications Corp. Class A (a) 22,478 108,794 
Fluent, Inc. (a) 7,184 26,724 
Gannett Co., Inc. (a)(b) 23,825 108,166 
Gray Television, Inc. 16,121 327,579 
iHeartMedia, Inc. (a) 20,573 393,767 
Interpublic Group of Companies, Inc. 73,201 2,324,132 
John Wiley & Sons, Inc. Class A 8,081 460,132 
Loral Space & Communications Ltd. 2,472 99,201 
Meredith Corp. (a) 7,700 239,470 
MSG Network, Inc. Class A (a) 7,908 125,500 
National CineMedia, Inc. 11,033 47,111 
News Corp.:   
Class A 73,419 1,923,211 
Class B 22,873 556,043 
Nexstar Broadcasting Group, Inc. Class A 8,160 1,202,866 
Scholastic Corp. 5,545 168,180 
Sinclair Broadcast Group, Inc. Class A 8,842 287,100 
Sirius XM Holdings, Inc. 216,953 1,323,413 
TechTarget, Inc. (a) 4,421 339,091 
Tegna, Inc. 41,211 826,693 
The New York Times Co. Class A 27,288 1,239,148 
WideOpenWest, Inc. (a) 9,472 133,271 
  19,461,824 
Wireless Telecommunication Services - 0.1%   
Boingo Wireless, Inc. (a) 8,421 117,557 
Gogo, Inc. (a)(b) 9,497 98,959 
NII Holdings, Inc. (a)(c) 10,174 22,078 
Shenandoah Telecommunications Co. 9,321 440,510 
Telephone & Data Systems, Inc. 18,825 432,599 
U.S. Cellular Corp. (a) 2,819 96,212 
  1,207,915 
TOTAL COMMUNICATION SERVICES  41,855,201 
CONSUMER DISCRETIONARY - 14.3%   
Auto Components - 1.3%   
Adient PLC (a) 17,618 816,418 
American Axle & Manufacturing Holdings, Inc. (a) 21,387 198,471 
Autoliv, Inc. 14,729 1,482,621 
BorgWarner, Inc. 44,888 2,180,659 
Cooper Tire & Rubber Co. 9,441 538,043 
Cooper-Standard Holding, Inc. (a) 3,050 88,572 
Dana, Inc. 27,102 685,681 
Dorman Products, Inc. (a) 5,323 527,935 
Fox Factory Holding Corp. (a) 7,853 1,203,315 
Gentex Corp. 45,677 1,606,917 
Gentherm, Inc. (a) 6,324 450,269 
LCI Industries 4,687 686,646 
Lear Corp. 10,272 1,888,404 
Modine Manufacturing Co. (a) 9,772 159,088 
Motorcar Parts of America, Inc. (a) 3,344 72,230 
Patrick Industries, Inc. 4,093 366,733 
Standard Motor Products, Inc. 3,711 158,942 
Stoneridge, Inc. (a) 5,160 171,570 
Tenneco, Inc. (a) 9,656 97,236 
The Goodyear Tire & Rubber Co. (a) 43,743 752,817 
Veoneer, Inc. (a)(b) 17,441 399,399 
Visteon Corp. (a) 5,236 637,797 
XPEL, Inc. (a) 3,098 198,582 
  15,368,345 
Automobiles - 0.3%   
Harley-Davidson, Inc. 28,754 1,390,831 
Thor Industries, Inc. 10,415 1,474,660 
Winnebago Industries, Inc. 6,316 504,964 
Workhorse Group, Inc. (a)(b) 20,587 255,073 
  3,625,528 
Distributors - 0.2%   
Core-Mark Holding Co., Inc. 8,355 355,589 
Funko, Inc. (a) 4,133 89,025 
LKQ Corp. (a) 52,075 2,432,423 
  2,877,037 
Diversified Consumer Services - 0.9%   
Adtalem Global Education, Inc. (a) 9,565 328,175 
American Public Education, Inc. (a) 3,680 112,093 
Aspen Group, Inc. (a)(b) 3,493 16,662 
Bright Horizons Family Solutions, Inc. (a) 11,468 1,660,910 
Carriage Services, Inc. 3,183 118,344 
Frontdoor, Inc. (a) 16,131 863,492 
Graham Holdings Co. 744 472,894 
Grand Canyon Education, Inc. (a) 8,848 958,150 
H&R Block, Inc. 34,342 764,453 
Houghton Mifflin Harcourt Co. (a) 23,889 216,912 
Laureate Education, Inc. Class A (a) 17,934 246,593 
OneSpaWorld Holdings Ltd. (b) 8,912 94,957 
Perdoceo Education Corp. (a) 12,635 147,324 
Regis Corp. Minn (a)(b) 4,397 56,897 
Service Corp. International 31,711 1,694,636 
Strategic Education, Inc. 4,599 345,201 
Stride, Inc. (a) 7,678 219,821 
Terminix Global Holdings, Inc. (a) 24,685 1,256,220 
Vivint Smart Home, Inc. Class A (a) 7,977 95,564 
WW International, Inc. (a) 8,743 242,531 
Xpresspa Group, Inc. (a)(b) 18,934 25,940 
Zovio, Inc. (a) 4,743 17,597 
  9,955,366 
Hotels, Restaurants & Leisure - 2.9%   
Accel Entertainment, Inc. (a) 9,872 127,941 
Airbnb, Inc. Class A (b) 13,836 2,389,616 
ARAMARK Holdings Corp. 47,673 1,853,050 
Bally's Corp. (a) 5,440 315,302 
BJ's Restaurants, Inc. (a) 4,359 265,855 
Bloomin' Brands, Inc. (a) 15,053 475,675 
Boyd Gaming Corp. (a) 15,105 999,196 
Brinker International, Inc. (a) 8,609 577,922 
Carrols Restaurant Group, Inc. (a) 6,363 37,478 
Century Casinos, Inc. (a) 4,924 64,751 
Choice Hotels International, Inc. 5,366 610,651 
Churchill Downs, Inc. 6,541 1,383,422 
Chuy's Holdings, Inc. (a) 3,681 179,854 
Cracker Barrel Old Country Store, Inc. 4,527 758,137 
Dave & Buster's Entertainment, Inc. (a) 9,028 412,218 
Del Taco Restaurants, Inc. 5,594 63,772 
Denny's Corp. (a) 11,823 223,928 
Dine Brands Global, Inc. 3,106 300,195 
Drive Shack, Inc. (a) 13,885 47,348 
El Pollo Loco Holdings, Inc. (a) 3,645 61,746 
Everi Holdings, Inc. (a) 16,184 286,133 
Extended Stay America, Inc. unit 29,887 594,452 
Fiesta Restaurant Group, Inc. (a) 3,367 49,630 
Golden Entertainment, Inc. (a) 3,501 120,679 
Hilton Grand Vacations, Inc. (a) 16,034 714,475 
Hyatt Hotels Corp. Class A (a) 6,747 555,481 
Jack in the Box, Inc. 4,207 507,575 
Lindblad Expeditions Holdings (a) 5,630 92,276 
Marriott Vacations Worldwide Corp. (a) 7,728 1,372,725 
Monarch Casino & Resort, Inc. (a) 2,452 184,905 
Noodles & Co. (a) 5,865 70,879 
Norwegian Cruise Line Holdings Ltd. (a)(b) 68,199 2,117,579 
Papa John's International, Inc. 6,196 599,277 
Planet Fitness, Inc. (a) 15,582 1,308,732 
Playa Hotels & Resorts NV (a) 18,091 133,150 
PlayAGS, Inc. (a) 6,855 61,352 
RCI Hospitality Holdings, Inc. 1,517 110,453 
Red Robin Gourmet Burgers, Inc. (a) 2,991 108,753 
Red Rock Resorts, Inc. (a) 12,360 452,747 
Ruth's Hospitality Group, Inc. (a) 6,038 157,652 
Scientific Games Corp. Class A (a) 10,488 613,758 
SeaWorld Entertainment, Inc. (a) 9,501 520,275 
Shake Shack, Inc. Class A (a) 6,769 736,129 
Six Flags Entertainment Corp. (a) 14,319 672,707 
Texas Roadhouse, Inc. Class A 12,340 1,320,627 
The Cheesecake Factory, Inc. (a) 7,892 493,960 
Travel+Leisure Co. 16,177 1,043,902 
Vail Resorts, Inc. 7,553 2,455,933 
Wendy's Co. 33,605 758,465 
Wingstop, Inc. 5,520 874,423 
Wyndham Hotels & Resorts, Inc. 17,464 1,276,793 
Wynn Resorts Ltd. (a) 19,743 2,535,001 
  34,048,935 
Household Durables - 2.0%   
Bassett Furniture Industries, Inc. 1,524 52,273 
Beazer Homes U.S.A., Inc. (a) 5,677 126,654 
Casper Sleep, Inc. (a) 4,062 34,730 
Cavco Industries, Inc. (a) 1,620 339,277 
Century Communities, Inc. (a) 5,443 402,455 
Ethan Allen Interiors, Inc. 4,264 122,419 
Flexsteel Industries, Inc. 1,102 47,970 
GoPro, Inc. Class A (a)(b) 22,922 257,414 
Green Brick Partners, Inc. (a) 9,170 236,678 
Helen of Troy Ltd. (a) 4,571 965,441 
Hooker Furniture Corp. 2,259 84,735 
Hovnanian Enterprises, Inc. Class A (a) 853 113,099 
Installed Building Products, Inc. 4,197 565,126 
iRobot Corp. (a)(b) 5,321 578,925 
KB Home 16,774 809,010 
La-Z-Boy, Inc. 8,748 388,936 
Leggett & Platt, Inc. 24,865 1,235,045 
LGI Homes, Inc. (a) 4,152 688,319 
Lovesac (a)(b) 1,934 141,704 
M.D.C. Holdings, Inc. 10,337 606,368 
M/I Homes, Inc. (a) 5,451 380,044 
Meritage Homes Corp. (a) 7,058 750,901 
Mohawk Industries, Inc. (a) 11,075 2,275,913 
Newell Brands, Inc. 70,850 1,910,116 
Purple Innovation, Inc. (a) 9,695 330,406 
Skyline Champion Corp. (a) 9,711 431,460 
Sonos, Inc. (a) 17,658 706,850 
Taylor Morrison Home Corp. (a) 24,348 759,901 
Tempur Sealy International, Inc. 35,968 1,371,820 
Toll Brothers, Inc. 21,071 1,321,152 
TopBuild Corp. (a) 6,223 1,383,871 
TRI Pointe Homes, Inc. (a) 22,207 528,971 
Tupperware Brands Corp. (a) 9,292 226,446 
Turtle Beach Corp. (a) 2,810 78,090 
Universal Electronics, Inc. (a) 2,499 142,068 
VOXX International Corp. (a) 2,850 48,593 
Vuzix Corp. (a) 9,002 207,676 
Whirlpool Corp. 11,782 2,785,854 
ZAGG, Inc. rights (a)(c) 4,373 394 
  23,437,104 
Internet & Direct Marketing Retail - 0.7%   
1-800-FLOWERS.com, Inc. Class A (a)(b) 4,783 152,936 
Blue Apron Holdings, Inc. Class A (a)(b) 2,335 13,847 
CarParts.com, Inc. (a) 6,543 113,063 
Chewy, Inc. (a)(b) 14,368 1,145,417 
Duluth Holdings, Inc. (a) 2,424 37,499 
Groupon, Inc. (a) 4,283 216,848 
GrubHub, Inc. (a) 17,476 1,189,067 
Lands' End, Inc. (a)(b) 3,112 71,700 
Leaf Group Ltd. (a) 5,840 51,742 
Liquidity Services, Inc. (a) 4,845 86,871 
Magnite, Inc. (a) 21,737 870,567 
Overstock.com, Inc. (a)(b) 8,076 658,194 
PetMed Express, Inc. 3,727 109,667 
Quotient Technology, Inc. (a) 14,965 244,528 
Qurate Retail, Inc. Series A 71,534 851,255 
Revolve Group, Inc. (a) 6,195 300,396 
Shutterstock, Inc. 4,096 357,089 
Stamps.com, Inc. (a) 3,427 703,803 
Stitch Fix, Inc. (a)(b) 11,019 477,343 
The RealReal, Inc. (a)(b) 11,319 280,372 
Waitr Holdings, Inc. (a) 18,614 45,790 
  7,977,994 
Leisure Products - 0.7%   
Acushnet Holdings Corp. 6,345 268,457 
American Outdoor Brands, Inc. (a) 2,562 66,228 
Brunswick Corp. 14,653 1,569,776 
Callaway Golf Co. 17,528 507,436 
Clarus Corp. 4,156 77,343 
Johnson Outdoors, Inc. Class A 1,356 192,294 
Malibu Boats, Inc. Class A (a) 3,828 319,102 
MasterCraft Boat Holdings, Inc. (a) 3,656 103,684 
Mattel, Inc. (a) 65,467 1,404,922 
Nautilus, Inc. (a)(b) 5,465 91,593 
Polaris, Inc. 10,903 1,526,747 
Smith & Wesson Brands, Inc. 9,882 171,947 
Sturm, Ruger & Co., Inc. 3,294 213,912 
Vista Outdoor, Inc. (a) 10,832 353,232 
YETI Holdings, Inc. (a) 14,039 1,199,211 
  8,065,884 
Multiline Retail - 0.4%   
Big Lots, Inc. 6,362 438,596 
Dillard's, Inc. Class A (b) 1,306 129,176 
Franchise Group, Inc. 5,148 198,352 
Kohl's Corp. 29,604 1,736,571 
Macy's, Inc. 58,345 967,360 
Nordstrom, Inc. (a) 20,476 751,060 
Ollie's Bargain Outlet Holdings, Inc. (a) 10,682 985,628 
  5,206,743 
Specialty Retail - 3.2%   
Abercrombie & Fitch Co. Class A (a) 11,750 440,508 
Advance Auto Parts, Inc. 12,298 2,461,568 
America's Car Mart, Inc. (a) 1,188 179,186 
American Eagle Outfitters, Inc. (b) 27,951 966,266 
Asbury Automotive Group, Inc. (a) 3,632 721,352 
At Home Group, Inc. (a) 10,244 323,506 
AutoNation, Inc. (a) 10,313 1,056,876 
Barnes & Noble Education, Inc. (a) 5,525 43,703 
Bed Bath & Beyond, Inc. (b) 22,688 574,460 
Big 5 Sporting Goods Corp. 3,787 69,378 
Blink Charging Co. (a)(b) 5,732 210,938 
Boot Barn Holdings, Inc. (a) 5,425 382,680 
Caleres, Inc. 7,097 165,431 
Camping World Holdings, Inc. 7,056 307,218 
Chico's FAS, Inc. 21,902 65,706 
Citi Trends, Inc. (a) 1,878 196,439 
Conn's, Inc. (a) 3,465 70,132 
Designer Brands, Inc. Class A 10,977 194,293 
Dick's Sporting Goods, Inc. 12,408 1,024,653 
Five Below, Inc. (a) 10,523 2,117,964 
Floor & Decor Holdings, Inc. Class A (a) 19,626 2,176,916 
Foot Locker, Inc. 19,652 1,159,075 
GameStop Corp. Class A (a)(b) 10,268 1,782,422 
Gap, Inc. 38,672 1,280,043 
Genesco, Inc. (a) 2,575 128,750 
Group 1 Automotive, Inc. 3,181 522,193 
GrowGeneration Corp. (a) 8,918 388,825 
Guess?, Inc. 6,968 188,415 
Haverty Furniture Companies, Inc. 3,243 150,702 
Hibbett Sports, Inc. (a) 3,069 243,832 
L Brands, Inc. (a) 43,840 2,889,035 
Lithia Motors, Inc. Class A (sub. vtg.) 4,991 1,918,441 
Lumber Liquidators Holdings, Inc. (a) 5,526 132,458 
MarineMax, Inc. (a) 4,236 240,605 
Monro, Inc. 6,370 449,658 
Murphy U.S.A., Inc. 4,800 669,120 
National Vision Holdings, Inc. (a) 15,224 767,442 
OneWater Marine, Inc. Class A (a) 1,905 97,593 
Party City Holdco, Inc. (a) 20,154 141,078 
Penske Automotive Group, Inc. 6,057 531,138 
Rent-A-Center, Inc. 9,130 525,432 
RH (a) 3,069 2,111,533 
Sally Beauty Holdings, Inc. (a) 21,055 422,574 
Shoe Carnival, Inc. 1,620 97,119 
Signet Jewelers Ltd. (a) 9,874 589,972 
Sleep Number Corp. (a) 4,753 531,813 
Sonic Automotive, Inc. Class A (sub. vtg.) 4,430 218,576 
Sportsman's Warehouse Holdings, Inc. (a) 7,863 138,074 
The Aaron's Co., Inc. 6,506 200,970 
The Buckle, Inc. 5,342 224,043 
The Cato Corp. Class A (sub. vtg.) (a) 3,678 49,285 
The Children's Place Retail Stores, Inc. (a) 2,675 209,586 
The ODP Corp. (a) 9,955 402,481 
Tilly's, Inc. (a) 4,285 51,677 
TravelCenters of America LLC (a) 2,600 71,474 
Urban Outfitters, Inc. (a) 12,744 457,510 
Vroom, Inc. (b) 6,627 306,631 
Williams-Sonoma, Inc. 14,383 2,455,897 
Winmark Corp. 496 95,515 
Zumiez, Inc. (a) 3,814 163,888 
  36,754,048 
Textiles, Apparel & Luxury Goods - 1.7%   
Capri Holdings Ltd. (a) 28,396 1,564,052 
Carter's, Inc. 8,186 890,555 
Columbia Sportswear Co. 5,759 627,789 
Crocs, Inc. (a) 12,255 1,226,971 
Deckers Outdoor Corp. (a) 5,283 1,786,711 
Fossil Group, Inc. (a) 8,571 110,566 
G-III Apparel Group Ltd. (a) 8,246 267,913 
Hanesbrands, Inc. 65,504 1,379,514 
Kontoor Brands, Inc. 8,851 556,108 
Lakeland Industries, Inc. (a) 1,327 37,435 
Levi Strauss & Co. Class A 14,463 417,402 
Movado Group, Inc. 2,962 92,918 
Oxford Industries, Inc. 3,154 287,739 
PVH Corp. 13,357 1,511,745 
Ralph Lauren Corp. 9,050 1,206,275 
Samsonite International SA (a)(d) 266,700 495,100 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) 25,715 1,246,920 
Steven Madden Ltd. 14,658 596,141 
Superior Group of Companies, Inc. 1,788 45,093 
Tapestry, Inc. 52,122 2,494,038 
Under Armour, Inc.:   
Class A (sub. vtg.) (a) 38,336 931,948 
Class C (non-vtg.) (a) 32,895 654,939 
Unifi, Inc. (a) 2,682 72,494 
Vera Bradley, Inc. (a) 3,897 43,257 
Wolverine World Wide, Inc. 15,583 650,123 
  19,193,746 
TOTAL CONSUMER DISCRETIONARY  166,510,730 
CONSUMER STAPLES - 3.5%   
Beverages - 0.4%   
Boston Beer Co., Inc. Class A (a) 1,733 2,108,177 
Celsius Holdings, Inc. (a)(b) 5,015 287,360 
Coca-Cola Bottling Co. Consolidated 865 253,661 
MGP Ingredients, Inc. 2,498 150,130 
Molson Coors Beverage Co. Class B (a) 35,302 1,939,845 
National Beverage Corp. (b) 4,406 214,088 
Newage, Inc. (a)(b) 21,740 47,611 
  5,000,872 
Food & Staples Retailing - 0.8%   
Andersons, Inc. 5,946 170,769 
BJ's Wholesale Club Holdings, Inc. (a) 25,825 1,153,603 
Casey's General Stores, Inc. 6,917 1,536,888 
Chefs' Warehouse Holdings (a) 5,965 192,252 
Grocery Outlet Holding Corp. (a) 16,263 656,863 
Ingles Markets, Inc. Class A 2,559 156,841 
Natural Grocers by Vitamin Cottage, Inc. 2,081 32,713 
Performance Food Group Co. (a) 25,143 1,475,894 
PriceSmart, Inc. 4,397 369,524 
Rite Aid Corp. (a)(b) 10,363 181,560 
SpartanNash Co. 6,939 134,408 
Sprouts Farmers Market LLC (a) 22,352 572,435 
U.S. Foods Holding Corp. (a) 41,429 1,717,646 
United Natural Foods, Inc. (a) 10,566 389,463 
Weis Markets, Inc. 2,978 154,409 
  8,895,268 
Food Products - 1.7%   
B&G Foods, Inc. Class A (b) 12,084 352,611 
Beyond Meat, Inc. (a)(b) 9,341 1,230,023 
Bunge Ltd. 26,303 2,220,499 
Cal-Maine Foods, Inc. (a) 6,855 256,103 
Calavo Growers, Inc. 3,089 241,344 
Campbell Soup Co. 37,979 1,813,497 
Darling Ingredients, Inc. (a) 30,606 2,125,587 
Flowers Foods, Inc. 36,760 880,770 
Fresh Del Monte Produce, Inc. 5,649 159,302 
Freshpet, Inc. (a) 8,121 1,500,923 
Hostess Brands, Inc. Class A (a)(b) 23,942 366,073 
Ingredion, Inc. 12,506 1,168,185 
J&J Snack Foods Corp. 2,812 462,883 
John B. Sanfilippo & Son, Inc. 1,799 158,132 
Lamb Weston Holdings, Inc. 27,446 2,209,403 
Lancaster Colony Corp. 3,625 669,574 
Landec Corp. (a) 4,904 55,513 
Pilgrim's Pride Corp. (a) 9,164 219,569 
Post Holdings, Inc. (a) 11,173 1,271,264 
Sanderson Farms, Inc. 3,740 615,342 
Seaboard Corp. 48 171,744 
Seneca Foods Corp. Class A (a) 1,326 61,076 
The Hain Celestial Group, Inc. (a) 15,287 626,920 
The Simply Good Foods Co. (a) 15,711 542,815 
Tootsie Roll Industries, Inc. (b) 3,386 106,896 
TreeHouse Foods, Inc. (a) 10,429 496,420 
Vital Farms, Inc. (a)(b) 2,962 72,036 
Whole Earth Brands, Inc. Class A (a) 5,746 77,571 
  20,132,075 
Household Products - 0.2%   
Central Garden & Pet Co. (a) 2,226 120,516 
Central Garden & Pet Co. Class A (non-vtg.) (a) 6,923 341,096 
Energizer Holdings, Inc. 10,901 537,419 
Reynolds Consumer Products, Inc. 10,064 295,076 
Spectrum Brands Holdings, Inc. 7,196 634,255 
WD-40 Co. (b) 2,593 644,983 
  2,573,345 
Personal Products - 0.3%   
BellRing Brands, Inc. Class A (a) 7,285 187,880 
Coty, Inc. Class A (a) 53,254 533,073 
Edgewell Personal Care Co. (b) 10,083 385,171 
elf Beauty, Inc. (a) 7,043 213,051 
Herbalife Nutrition Ltd. (a) 16,358 748,706 
Inter Parfums, Inc. 3,373 248,253 
MediFast, Inc. 2,201 499,825 
Nu Skin Enterprises, Inc. Class A 9,582 506,505 
USANA Health Sciences, Inc. (a) 2,229 200,588 
Veru, Inc. (a) 10,971 96,984 
  3,620,036 
Tobacco - 0.1%   
22nd Century Group, Inc. (a) 26,161 122,433 
Turning Point Brands, Inc. 2,204 107,599 
Universal Corp. 4,553 256,015 
Vector Group Ltd. 24,027 313,552 
  799,599 
TOTAL CONSUMER STAPLES  41,021,195 
ENERGY - 2.7%   
Energy Equipment & Services - 0.5%   
Archrock, Inc. 23,234 217,006 
Aspen Aerogels, Inc. (a) 4,859 88,580 
Bristow Group, Inc. (a) 5,258 139,127 
Cactus, Inc. 10,270 306,149 
Championx Corp. (a) 34,740 729,887 
Core Laboratories NV 7,975 224,736 
DMC Global, Inc. 3,097 167,238 
Dril-Quip, Inc. (a) 6,464 198,122 
Frank's International NV (a) 21,594 70,181 
Helix Energy Solutions Group, Inc. (a) 25,032 107,387 
Helmerich & Payne, Inc. 21,485 550,661 
Liberty Oilfield Services, Inc. Class A (a) 15,407 180,262 
Nabors Industries Ltd. 1,138 92,007 
Newpark Resources, Inc. (a) 14,588 41,430 
Nextier Oilfield Solutions, Inc. (a) 32,381 116,248 
NOV, Inc. (a) 72,417 1,082,634 
Oceaneering International, Inc. (a) 17,853 191,920 
Oil States International, Inc. (a) 9,861 55,320 
Patterson-UTI Energy, Inc. 35,883 242,569 
ProPetro Holding Corp. (a) 16,317 157,133 
RPC, Inc. (a) 9,728 47,278 
Select Energy Services, Inc. Class A (a) 10,232 49,421 
Solaris Oilfield Infrastructure, Inc. Class A 5,524 60,433 
Technip Energies NV ADR (a) 21,458 304,918 
TechnipFMC PLC 78,966 584,348 
TETRA Technologies, Inc. (a) 23,975 60,177 
Tidewater, Inc. (a) 9,389 115,109 
Transocean Ltd. (United States) (a)(b) 107,872 347,348 
U.S. Silica Holdings, Inc. 13,587 144,702 
  6,672,331 
Oil, Gas & Consumable Fuels - 2.2%   
Alto Ingredients, Inc. (a)(b) 11,744 65,297 
Antero Resources Corp. (a)(b) 51,486 464,404 
APA Corp. 71,095 1,421,900 
Arch Resources, Inc. (a) 2,896 128,611 
Berry Petroleum Corp. 11,982 73,210 
Bonanza Creek Energy, Inc. 3,481 115,186 
Brigham Minerals, Inc. Class A 6,948 119,089 
Cabot Oil & Gas Corp. 75,569 1,259,735 
Callon Petroleum Co. (a)(b) 8,620 322,302 
Centennial Resource Development, Inc. Class A (a)(b) 35,044 148,587 
Cimarex Energy Co. 19,372 1,282,426 
Clean Energy Fuels Corp. (a) 21,568 237,248 
CNX Resources Corp. (a) 40,829 547,925 
Comstock Resources, Inc. (a)(b) 11,968 65,704 
CONSOL Energy, Inc. (a) 4,863 42,697 
Contango Oil & Gas Co. (a) 24,479 91,551 
Continental Resources, Inc. 11,808 321,650 
CVR Energy, Inc. 5,474 116,541 
Delek U.S. Holdings, Inc. 11,858 281,390 
Devon Energy Corp. 111,392 2,604,345 
Diamond S Shipping, Inc. (a) 4,549 44,808 
Diamondback Energy, Inc. 33,949 2,774,652 
EQT Corp. (a) 52,461 1,002,005 
Equitrans Midstream Corp. 76,006 620,209 
Green Plains, Inc. (a)(b) 7,963 237,297 
HollyFrontier Corp. 28,163 985,705 
International Seaways, Inc. 4,965 87,781 
Kosmos Energy Ltd. (a) 74,487 213,033 
Laredo Petroleum, Inc. (a) 1,533 62,148 
Magnolia Oil & Gas Corp. Class A (a) 26,012 292,895 
Marathon Oil Corp. 148,535 1,672,504 
Matador Resources Co. 20,436 537,671 
Murphy Oil Corp. 27,033 457,669 
National Energy Services Reunited Corp. (a) 5,603 71,102 
Northern Oil & Gas, Inc. (a) 8,952 129,625 
Ovintiv, Inc. 49,042 1,173,575 
Par Pacific Holdings, Inc. (a) 7,407 112,512 
PBF Energy, Inc. Class A (a) 18,289 259,338 
PDC Energy, Inc. (a) 18,620 679,816 
Peabody Energy Corp. (a) 12,547 46,424 
Penn Virginia Corp. (a) 2,501 34,089 
Range Resources Corp. (a) 48,806 479,275 
Renewable Energy Group, Inc. (a)(b) 8,311 461,427 
Rex American Resources Corp. (a) 959 77,420 
SM Energy Co. 19,933 314,941 
Southwestern Energy Co. (a) 121,093 517,067 
Talos Energy, Inc. (a) 5,382 60,225 
Targa Resources Corp. 42,629 1,478,800 
Teekay Corp. (a)(b) 16,694 53,755 
Teekay Tankers Ltd. (a)(b) 3,888 52,138 
Tellurian, Inc. (a)(b) 37,886 83,917 
Uranium Energy Corp. (a)(b) 35,563 103,133 
W&T Offshore, Inc. (a)(b) 17,074 56,173 
World Fuel Services Corp. 11,870 367,139 
  25,310,066 
TOTAL ENERGY  31,982,397 
FINANCIALS - 16.4%   
Banks - 6.2%   
1st Source Corp. 3,070 146,101 
Allegiance Bancshares, Inc. 3,551 140,620 
Ameris Bancorp 13,036 705,117 
Associated Banc-Corp. 28,603 626,120 
Atlantic Union Bankshares Corp. 14,885 575,603 
Banc of California, Inc. 8,606 154,047 
BancFirst Corp. 3,535 245,718 
Bancorp, Inc., Delaware (a) 9,704 215,477 
BancorpSouth Bank 18,127 536,378 
Bank of Hawaii Corp. 7,449 677,040 
Bank OZK 22,780 933,752 
BankUnited, Inc. 17,508 816,048 
Banner Corp. 6,834 388,445 
Berkshire Hills Bancorp, Inc. 9,832 218,172 
BOK Financial Corp. 5,817 511,547 
Boston Private Financial Holdings, Inc. 15,482 227,895 
Brookline Bancorp, Inc., Delaware 14,493 233,337 
Bryn Mawr Bank Corp. 3,811 175,154 
Cadence Bancorp Class A 23,321 518,892 
Camden National Corp. 2,770 132,184 
Cathay General Bancorp 13,978 565,829 
Central Pacific Financial Corp. 5,457 147,066 
CIT Group, Inc. 18,542 988,103 
City Holding Co. 2,880 222,912 
Columbia Banking Systems, Inc. 13,349 581,082 
Comerica, Inc. 26,162 1,966,336 
Commerce Bancshares, Inc. 19,746 1,536,436 
Community Bank System, Inc. 10,055 780,570 
Community Trust Bancorp, Inc. 2,849 126,951 
ConnectOne Bancorp, Inc. 6,546 177,724 
CrossFirst Bankshares, Inc. (a) 9,161 135,033 
Cullen/Frost Bankers, Inc. 10,516 1,262,551 
Customers Bancorp, Inc. (a) 5,509 190,171 
CVB Financial Corp. 23,780 504,374 
Dime Community Bancshares, Inc. 6,643 220,016 
Eagle Bancorp, Inc. 5,841 311,968 
East West Bancorp, Inc. 26,569 2,023,229 
Enterprise Financial Services Corp. 5,780 283,971 
FB Financial Corp. 5,978 250,837 
First Bancorp, North Carolina 5,447 230,953 
First Bancorp, Puerto Rico 40,785 512,667 
First Bancshares, Inc. 3,931 153,781 
First Busey Corp. 9,339 233,288 
First Citizens Bancshares, Inc. 1,361 1,180,613 
First Commonwealth Financial Corp. 18,290 265,022 
First Financial Bancorp, Ohio 18,457 452,381 
First Financial Bankshares, Inc. 26,923 1,321,381 
First Financial Corp., Indiana 3,004 132,897 
First Foundation, Inc. 7,008 166,790 
First Hawaiian, Inc. 24,651 676,916 
First Horizon National Corp. 104,314 1,907,903 
First Interstate Bancsystem, Inc. 6,248 293,469 
First Merchants Corp. 10,147 468,893 
First Midwest Bancorp, Inc., Delaware 21,501 450,876 
Flushing Financial Corp. 5,798 134,919 
FNB Corp., Pennsylvania 60,637 781,611 
Fulton Financial Corp. 30,700 523,435 
German American Bancorp, Inc. 4,651 201,528 
Glacier Bancorp, Inc. 18,002 1,061,218 
Great Southern Bancorp, Inc. 1,667 94,035 
Great Western Bancorp, Inc. 10,614 350,793 
Hancock Whitney Corp. 16,123 745,528 
Hanmi Financial Corp. 5,570 113,071 
HarborOne Bancorp, Inc. 10,920 156,265 
Heartland Financial U.S.A., Inc. 7,104 357,118 
Heritage Commerce Corp. 11,361 137,127 
Heritage Financial Corp., Washington 6,454 181,357 
Hilltop Holdings, Inc. 12,047 424,054 
Home Bancshares, Inc. 28,626 796,662 
Hope Bancorp, Inc. 22,541 338,340 
Horizon Bancorp, Inc. Indiana 7,474 137,073 
Independent Bank Corp. 4,352 102,533 
Independent Bank Corp., Massachusetts 6,119 501,146 
Independent Bank Group, Inc. 6,960 525,550 
International Bancshares Corp. 10,415 493,567 
Investors Bancorp, Inc. 42,286 619,067 
Lakeland Bancorp, Inc. 9,500 172,235 
Lakeland Financial Corp. 4,825 314,735 
Live Oak Bancshares, Inc. 5,826 372,631 
Midland States Bancorp, Inc. 3,645 102,716 
National Bank Holdings Corp. 5,892 235,091 
NBT Bancorp, Inc. 8,090 306,530 
Nicolet Bankshares, Inc. (a) 1,765 140,776 
OceanFirst Financial Corp. 11,455 261,861 
OFG Bancorp 9,575 226,832 
Old National Bancorp, Indiana 30,500 576,450 
Origin Bancorp, Inc. 3,983 174,177 
Pacific Premier Bancorp, Inc. 17,860 786,376 
PacWest Bancorp 21,917 951,417 
Park National Corp. 2,667 333,615 
Peoples Bancorp, Inc. 3,331 111,355 
Peoples United Financial, Inc. 79,883 1,448,279 
Pinnacle Financial Partners, Inc. 14,331 1,255,969 
Popular, Inc. 15,848 1,172,118 
Preferred Bank, Los Angeles 2,521 165,226 
Prosperity Bancshares, Inc. 17,558 1,288,055 
QCR Holdings, Inc. 2,670 128,747 
Renasant Corp. 10,570 445,314 
S&T Bancorp, Inc. 7,249 238,855 
Sandy Spring Bancorp, Inc. 8,830 400,529 
Seacoast Banking Corp., Florida 10,390 377,677 
ServisFirst Bancshares, Inc. 8,761 554,046 
Signature Bank 10,707 2,692,918 
Silvergate Capital Corp. (a) 3,553 380,953 
Simmons First National Corp. Class A 20,377 580,745 
South State Corp. 13,355 1,126,094 
Southside Bancshares, Inc. 5,663 227,369 
Sterling Bancorp 36,036 905,585 
Stock Yards Bancorp, Inc. 3,946 201,877 
Synovus Financial Corp. 28,026 1,313,298 
TCF Financial Corp. 28,739 1,308,199 
Texas Capital Bancshares, Inc. (a) 9,430 647,181 
Tompkins Financial Corp. 2,506 195,844 
TowneBank 12,722 394,128 
Trico Bancshares 5,226 241,859 
TriState Capital Holdings, Inc. (a) 4,996 119,255 
Triumph Bancorp, Inc. (a) 4,283 379,602 
Trustmark Corp. 11,596 375,826 
UMB Financial Corp. 8,173 793,026 
Umpqua Holdings Corp. 40,683 758,331 
United Bankshares, Inc., West Virginia 23,989 942,048 
United Community Bank, Inc. 16,449 538,211 
Univest Corp. of Pennsylvania 5,765 161,016 
Valley National Bancorp 76,382 1,051,780 
Veritex Holdings, Inc. 9,805 331,213 
Washington Trust Bancorp, Inc. 3,299 168,414 
Webster Financial Corp. 16,873 892,750 
WesBanco, Inc. 12,509 453,952 
Westamerica Bancorp. 4,973 315,288 
Western Alliance Bancorp. 19,420 2,040,459 
Wintrust Financial Corp. 10,737 827,823 
Zions Bancorp NA 30,855 1,721,709 
  72,304,998 
Capital Markets - 2.9%   
Affiliated Managers Group, Inc. 8,004 1,290,005 
Apollo Global Management LLC Class A 39,538 2,189,219 
Ares Management Corp. 20,356 1,069,097 
Artisan Partners Asset Management, Inc. 11,714 596,477 
Assetmark Financial Holdings, Inc. (a) 3,298 74,271 
B. Riley Financial, Inc. 3,309 235,899 
BGC Partners, Inc. Class A 60,142 318,753 
Blucora, Inc. (a) 9,282 133,614 
BrightSphere Investment Group, Inc. 11,051 248,758 
Carlyle Group LP 21,664 924,186 
Cboe Global Markets, Inc. 20,150 2,103,056 
Cohen & Steers, Inc. 4,421 300,716 
Cowen Group, Inc. Class A 5,040 199,030 
Diamond Hill Investment Group, Inc. 530 90,630 
Donnelley Financial Solutions, Inc. (a) 5,561 169,944 
Evercore, Inc. Class A 7,909 1,108,288 
FactSet Research Systems, Inc. 7,129 2,396,912 
Federated Hermes, Inc. Class B (non-vtg.) 17,920 516,096 
Focus Financial Partners, Inc. Class A (a) 7,577 356,574 
Franklin Resources, Inc. 51,294 1,538,820 
Greenhill & Co., Inc. 2,692 40,865 
Hamilton Lane, Inc. Class A 6,035 545,866 
Houlihan Lokey 9,697 642,620 
Interactive Brokers Group, Inc. 15,221 1,088,606 
Invesco Ltd. 70,775 1,910,925 
Janus Henderson Group PLC 31,787 1,093,155 
Lazard Ltd. Class A 21,176 952,708 
LPL Financial 14,951 2,342,822 
Moelis & Co. Class A 10,865 589,752 
Morningstar, Inc. 4,017 1,064,545 
Open Lending Corp. (a) 18,383 717,856 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 1,660 84,942 
Piper Jaffray Companies 2,592 300,646 
PJT Partners, Inc. 4,544 334,120 
Sculptor Capital Management, Inc. Class A 3,490 79,363 
SEI Investments Co. 22,400 1,376,256 
Stifel Financial Corp. 19,771 1,367,955 
StoneX Group, Inc. (a) 3,106 197,293 
Tradeweb Markets, Inc. Class A 19,042 1,547,734 
Victory Capital Holdings, Inc. 2,916 80,919 
Virtu Financial, Inc. Class A 15,240 451,561 
Virtus Investment Partners, Inc. 1,354 370,265 
Waddell & Reed Financial, Inc. Class A 11,245 280,900 
WisdomTree Investments, Inc. 20,599 139,764 
  33,461,783 
Consumer Finance - 0.6%   
Credit Acceptance Corp. (a)(b) 2,169 856,300 
CURO Group Holdings Corp. 3,217 46,067 
Encore Capital Group, Inc. (a)(b) 5,887 231,595 
Enova International, Inc. (a) 6,816 233,380 
EZCORP, Inc. (non-vtg.) Class A (a) 9,519 53,592 
First Cash Financial Services, Inc. 7,597 547,212 
Green Dot Corp. Class A (a) 10,069 460,757 
LendingClub Corp. (a) 15,400 237,006 
LendingTree, Inc. (a) 2,034 420,001 
Navient Corp. 34,113 574,122 
Nelnet, Inc. Class A 3,845 285,414 
OneMain Holdings, Inc. 15,587 886,433 
PRA Group, Inc. (a) 8,505 320,468 
PROG Holdings, Inc. 12,742 649,077 
Santander Consumer U.S.A. Holdings, Inc. 12,972 440,270 
SLM Corp. 63,772 1,253,758 
World Acceptance Corp. (a)(b) 759 99,232 
  7,594,684 
Diversified Financial Services - 0.5%   
A-Mark Precious Metals, Inc. 800 29,816 
Cannae Holdings, Inc. (a) 16,173 642,068 
Equitable Holdings, Inc. 73,411 2,512,859 
Jefferies Financial Group, Inc. 37,950 1,233,755 
Voya Financial, Inc. 23,144 1,569,626 
  5,988,124 
Insurance - 4.0%   
Alleghany Corp. (a) 2,608 1,770,754 
AMBAC Financial Group, Inc. (a) 7,920 135,828 
American Equity Investment Life Holding Co. 15,805 489,639 
American Financial Group, Inc. 13,111 1,610,817 
American National Group, Inc. 1,666 188,841 
Amerisafe, Inc. 3,502 217,404 
Argo Group International Holdings, Ltd. 6,425 335,257 
Assurant, Inc. 10,846 1,687,638 
Assured Guaranty Ltd. 14,204 722,273 
Athene Holding Ltd. (a) 23,283 1,389,297 
Axis Capital Holdings Ltd. 14,953 834,377 
Brighthouse Financial, Inc. (a) 16,216 758,747 
Brown & Brown, Inc. 43,721 2,325,083 
BRP Group, Inc. (a) 8,158 236,745 
CNO Financial Group, Inc. 25,305 646,037 
eHealth, Inc. (a) 4,804 339,835 
Employers Holdings, Inc. 5,368 217,297 
Enstar Group Ltd. (a) 2,459 617,652 
Erie Indemnity Co. Class A 4,673 1,000,115 
Everest Re Group Ltd. 7,486 2,073,248 
FBL Financial Group, Inc. Class A 1,812 102,722 
Fidelity National Financial, Inc. 54,521 2,487,248 
First American Financial Corp. 20,550 1,325,475 
Genworth Financial, Inc. Class A (a) 94,140 406,685 
Globe Life, Inc. 17,775 1,821,760 
GoHealth, Inc. (a) 7,810 93,173 
Goosehead Insurance 3,169 348,400 
Greenlight Capital Re, Ltd. (a) 6,391 58,989 
Hanover Insurance Group, Inc. 6,783 938,157 
HCI Group, Inc. 1,230 90,307 
Heritage Insurance Holdings, Inc. 4,157 37,870 
Horace Mann Educators Corp. 7,799 312,740 
James River Group Holdings Ltd. 5,665 266,878 
Kemper Corp. 11,512 898,627 
Kinsale Capital Group, Inc. 4,001 696,214 
Lemonade, Inc. (a)(b) 3,321 300,218 
Lincoln National Corp. 33,906 2,174,392 
Loews Corp. 42,312 2,358,894 
MBIA, Inc. (a) 8,698 87,154 
Mercury General Corp. 5,023 312,782 
National Western Life Group, Inc. 446 102,268 
Old Republic International Corp. 52,750 1,298,705 
Palomar Holdings, Inc. (a) 4,137 291,079 
Primerica, Inc. 7,399 1,182,138 
ProAssurance Corp. 9,869 246,725 
Reinsurance Group of America, Inc. 12,750 1,664,258 
RenaissanceRe Holdings Ltd. 9,490 1,602,007 
RLI Corp. 7,516 837,733 
Safety Insurance Group, Inc. 2,678 219,676 
Selective Insurance Group, Inc. 11,301 860,458 
Selectquote, Inc. 8,356 260,122 
Siriuspoint Ltd. (a) 16,216 171,565 
Stewart Information Services Corp. 5,088 298,411 
Trean Insurance Group, Inc. (a) 1,779 31,115 
Trupanion, Inc. (a) 6,315 512,147 
United Fire Group, Inc. 4,148 125,518 
Universal Insurance Holdings, Inc. 5,310 74,075 
Unum Group 38,405 1,085,325 
W.R. Berkley Corp. 26,198 2,088,505 
Watford Holdings Ltd. (a) 3,543 123,509 
White Mountains Insurance Group Ltd. 579 674,784 
  46,465,692 
Mortgage Real Estate Investment Trusts - 1.2%   
AG Mortgage Investment Trust, Inc. 9,134 36,079 
AGNC Investment Corp. 100,249 1,797,465 
Annaly Capital Management, Inc. 261,711 2,376,336 
Apollo Commercial Real Estate Finance, Inc. 24,592 374,044 
Arbor Realty Trust, Inc. 22,324 394,688 
Ares Commercial Real Estate Corp. 6,401 94,479 
Armour Residential REIT, Inc. 12,447 154,716 
Blackstone Mortgage Trust, Inc. 28,022 910,435 
Broadmark Realty Capital, Inc. 23,645 254,893 
Capstead Mortgage Corp. 16,306 105,663 
Cherry Hill Mortgage Investment Corp. 3,346 33,862 
Chimera Investment Corp. 43,401 570,289 
Colony NorthStar Credit Real Estate, Inc. 15,117 131,367 
Dynex Capital, Inc. 6,018 121,564 
Ellington Financial LLC 8,833 158,464 
Granite Point Mortgage Trust, Inc. 10,153 134,426 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. 14,856 778,454 
Invesco Mortgage Capital, Inc. 44,008 171,631 
KKR Real Estate Finance Trust, Inc. 5,294 111,703 
Ladder Capital Corp. Class A 24,026 285,669 
MFA Financial, Inc. 84,889 373,512 
New Residential Investment Corp. 87,062 933,305 
New York Mortgage Trust, Inc. 73,334 336,603 
Orchid Island Capital, Inc. 21,759 119,675 
PennyMac Mortgage Investment Trust 18,456 370,043 
Ready Capital Corp. 11,680 169,477 
Redwood Trust, Inc. 21,320 236,865 
Starwood Property Trust, Inc. 53,970 1,393,505 
TPG RE Finance Trust, Inc. 13,037 162,441 
Two Harbors Investment Corp. 51,024 397,987 
Western Asset Mortgage Capital Corp. 9,123 28,829 
  13,518,469 
Thrifts & Mortgage Finance - 1.0%   
Axos Financial, Inc. (a) 9,728 439,219 
Capitol Federal Financial, Inc. 24,039 310,704 
Columbia Financial, Inc. (a) 8,828 161,288 
Essent Group Ltd. 21,277 1,118,745 
Federal Agricultural Mortgage Corp. Class C (non-vtg.) 1,509 155,216 
Flagstar Bancorp, Inc. 9,018 419,698 
HomeStreet, Inc. 4,230 172,753 
Kearny Financial Corp. 14,465 184,863 
Merchants Bancorp 3,087 125,919 
Meridian Bancorp, Inc. Maryland 9,592 212,079 
Meta Financial Group, Inc. 6,066 298,811 
MGIC Investment Corp. 63,383 965,957 
Mr. Cooper Group, Inc. (a) 13,250 456,860 
New York Community Bancorp, Inc. 87,593 1,047,612 
NMI Holdings, Inc. (a) 16,143 417,135 
Northfield Bancorp, Inc. 8,439 136,543 
Northwest Bancshares, Inc. 23,867 335,093 
Ocwen Financial Corp. (a) 1,259 39,671 
Pennymac Financial Services, Inc. 7,412 446,277 
Premier Financial Corp. 7,279 229,944 
Provident Financial Services, Inc. 13,395 315,720 
Radian Group, Inc. 35,841 883,122 
Rocket Cos., Inc. 21,456 481,687 
TFS Financial Corp. 9,066 177,331 
Trustco Bank Corp., New York 17,474 127,822 
Walker & Dunlop, Inc. 5,521 612,003 
Washington Federal, Inc. 13,580 442,029 
Waterstone Financial, Inc. 3,360 66,192 
WSFS Financial Corp. 8,924 455,927 
  11,236,220 
TOTAL FINANCIALS  190,569,970 
HEALTH CARE - 13.2%   
Biotechnology - 5.5%   
Abeona Therapeutics, Inc. (a)(b) 12,035 21,302 
ACADIA Pharmaceuticals, Inc. (a) 22,268 457,830 
Acceleron Pharma, Inc. (a) 9,928 1,240,702 
ADMA Biologics, Inc. (a)(b) 19,676 38,565 
Adverum Biotechnologies, Inc. (a) 17,165 66,944 
Aeglea BioTherapeutics, Inc. (a) 7,687 59,805 
Agenus, Inc. (a)(b) 30,545 94,384 
Agios Pharmaceuticals, Inc. (a)(b) 10,770 600,966 
Akebia Therapeutics, Inc. (a)(b) 29,502 94,111 
Akero Therapeutics, Inc. (a)(b) 3,482 107,246 
Akouos, Inc. (a) 2,278 32,393 
Albireo Pharma, Inc. (a)(b) 3,611 115,913 
Aldeyra Therapeutics, Inc. (a) 8,441 106,103 
Alector, Inc. (a)(b) 10,067 196,307 
Alkermes PLC (a) 29,722 654,033 
Allakos, Inc. (a) 5,935 647,627 
Allogene Therapeutics, Inc. (a)(b) 12,283 379,790 
Allovir, Inc. (a) 3,080 72,780 
Altimmune, Inc. (a)(b) 5,274 76,315 
ALX Oncology Holdings, Inc. (a)(b) 2,107 132,025 
Amicus Therapeutics, Inc. (a) 48,957 481,737 
AnaptysBio, Inc. (a)(b) 3,806 88,870 
Anavex Life Sciences Corp. (a)(b) 13,341 161,159 
Anika Therapeutics, Inc. (a) 2,738 110,013 
Annexon, Inc. (a) 2,929 58,375 
Apellis Pharmaceuticals, Inc. (a) 10,833 548,908 
Applied Genetic Technologies Corp. (a) 7,858 33,239 
Applied Molecular Transport, Inc. (b) 2,588 148,784 
Applied Therapeutics, Inc. (a) 3,182 58,931 
Aprea Therapeutics, Inc. (a)(b) 2,077 9,741 
Arbutus Biopharma Corp. (a) 12,505 43,392 
Arcturus Therapeutics Holdings, Inc. (a)(b) 3,889 142,571 
Arcus Biosciences, Inc. (a) 8,387 283,061 
Arcutis Biotherapeutics, Inc. (a) 5,038 168,773 
Ardelyx, Inc. (a) 12,568 91,872 
Arena Pharmaceuticals, Inc. (a) 11,201 768,725 
Arrowhead Pharmaceuticals, Inc. (a) 19,522 1,420,421 
Assembly Biosciences, Inc. (a)(b) 10,902 46,661 
Atara Biotherapeutics, Inc. (a) 15,361 215,976 
Athenex, Inc. (a)(b) 14,997 60,138 
Athersys, Inc. (a)(b) 35,060 58,550 
Atreca, Inc. (a)(b) 5,654 67,509 
Avid Bioservices, Inc. (a) 10,647 227,899 
Avidity Biosciences, Inc. 3,373 79,063 
Avita Therapeutics, Inc. (a) 4,091 84,438 
AVROBIO, Inc. (a) 6,219 72,638 
Beam Therapeutics, Inc. (a)(b) 4,990 409,180 
BeyondSpring, Inc. (a) 5,059 54,587 
BioCryst Pharmaceuticals, Inc. (a)(b) 32,855 382,268 
Biohaven Pharmaceutical Holding Co. Ltd. (a) 9,864 740,786 
BioXcel Therapeutics, Inc. (a)(b) 2,703 91,821 
Black Diamond Therapeutics, Inc. (a)(b) 3,083 82,131 
bluebird bio, Inc. (a) 12,767 383,010 
Blueprint Medicines Corp. (a) 10,973 1,056,919 
BrainStorm Cell Therpeutic, Inc. (a)(b) 4,228 14,671 
BridgeBio Pharma, Inc. (a)(b) 18,216 1,018,639 
Burning Rock Biotech Ltd. ADR 2,491 75,976 
Calithera Biosciences, Inc. (a) 9,225 20,018 
Capricor Therapeutics, Inc. (a) 3,386 15,677 
CareDx, Inc. (a) 9,641 762,314 
Catalyst Biosciences, Inc. (a) 6,988 35,220 
Catalyst Pharmaceutical Partners, Inc. (a)(b) 19,343 88,591 
Cel-Sci Corp. (a)(b) 7,588 183,098 
Celldex Therapeutics, Inc. (a) 7,282 220,863 
ChemoCentryx, Inc. (a) 9,358 452,272 
Chimerix, Inc. (a)(b) 13,358 116,348 
Chinook Therapeutics, Inc. (a) 6,936 124,501 
Clovis Oncology, Inc. (a)(b) 18,839 111,904 
Coherus BioSciences, Inc. (a) 11,754 173,959 
Concert Pharmaceuticals, Inc. (a) 4,284 17,779 
Constellation Pharmaceuticals, Inc. (a) 5,731 123,904 
Corbus Pharmaceuticals Holdings, Inc. (a) 11,279 20,302 
Cortexyme, Inc. (a)(b) 2,539 99,453 
Crinetics Pharmaceuticals, Inc. (a) 3,245 56,171 
Cue Biopharma, Inc. (a) 5,350 64,896 
Cyclerion Therapeutics, Inc. (a) 5,069 11,050 
Cytokinetics, Inc. (a) 13,414 341,252 
CytomX Therapeutics, Inc. (a) 12,076 113,031 
Deciphera Pharmaceuticals, Inc. (a) 7,664 355,380 
Denali Therapeutics, Inc. (a) 15,192 918,204 
DermTech, Inc. (a)(b) 4,548 191,243 
Dicerna Pharmaceuticals, Inc. (a) 12,396 386,631 
Dynavax Technologies Corp. (a)(b) 19,144 191,057 
Eagle Pharmaceuticals, Inc. (a) 2,309 94,276 
Editas Medicine, Inc. (a)(b) 12,656 468,399 
Eiger Biopharmaceuticals, Inc. (a) 5,121 43,477 
Emergent BioSolutions, Inc. (a) 8,462 516,013 
Enanta Pharmaceuticals, Inc. (a) 3,457 175,408 
Epizyme, Inc. (a) 16,767 130,950 
Esperion Therapeutics, Inc. (a)(b) 5,295 142,700 
Exelixis, Inc. (a) 58,368 1,437,020 
Fate Therapeutics, Inc. (a) 14,988 1,309,801 
FibroGen, Inc. (a) 15,859 353,973 
Flexion Therapeutics, Inc. (a)(b) 8,805 68,327 
Forma Therapeutics Holdings, Inc. 3,644 98,206 
Fortress Biotech, Inc. (a) 13,283 57,383 
Frequency Therapeutics, Inc. (a)(b) 6,057 70,322 
G1 Therapeutics, Inc. (a)(b) 5,835 122,943 
Generation Bio Co. 3,922 142,996 
Geron Corp. (a) 63,102 91,498 
Global Blood Therapeutics, Inc. (a)(b) 11,547 470,887 
GlycoMimetics, Inc. (a) 5,341 12,818 
Gossamer Bio, Inc. (a)(b) 7,520 64,973 
Halozyme Therapeutics, Inc. (a) 23,855 1,191,557 
Harpoon Therapeutics, Inc. (a) 3,937 89,134 
Heat Biologics, Inc. (a)(b) 3,757 25,811 
Heron Therapeutics, Inc. (a)(b) 15,815 276,446 
Homology Medicines, Inc. (a) 5,438 36,815 
iBio, Inc. (a) 41,322 56,611 
Ideaya Biosciences, Inc. (a) 2,930 60,212 
IGM Biosciences, Inc. (a) 1,297 91,724 
Immatics NV (a) 6,048 73,907 
ImmunityBio, Inc. (a)(b) 7,387 131,119 
ImmunoGen, Inc. (a) 37,639 303,370 
Immunovant, Inc. (a) 9,537 149,540 
Inovio Pharmaceuticals, Inc. (a)(b) 38,598 262,852 
Inozyme Pharma, Inc. (a)(b) 1,195 22,084 
Insmed, Inc. (a) 19,172 646,672 
Intellia Therapeutics, Inc. (a) 11,655 894,754 
Intercept Pharmaceuticals, Inc. (a)(b) 4,873 96,388 
Invitae Corp. (a)(b) 32,668 1,140,113 
Ionis Pharmaceuticals, Inc. (a) 26,452 1,132,675 
Iovance Biotherapeutics, Inc. (a) 26,041 818,729 
Ironwood Pharmaceuticals, Inc. Class A (a) 30,403 335,649 
iTeos Therapeutics, Inc. (a) 2,241 52,686 
Iveric Bio, Inc. (a)(b) 15,505 108,535 
Jounce Therapeutics, Inc. (a) 4,531 42,727 
Kadmon Holdings, Inc. (a) 29,295 118,938 
Kalvista Pharmaceuticals, Inc. (a) 3,130 78,156 
Karuna Therapeutics, Inc. (a) 3,533 392,198 
Karyopharm Therapeutics, Inc. (a)(b) 11,983 111,921 
Keros Therapeutics, Inc. 1,124 66,091 
Kindred Biosciences, Inc. (a) 6,093 30,465 
Kiniksa Pharmaceuticals Ltd. (a)(b) 4,534 74,630 
Kodiak Sciences, Inc. (a)(b) 5,959 720,086 
Krystal Biotech, Inc. (a) 3,212 255,161 
Kura Oncology, Inc. (a) 12,322 331,831 
Ligand Pharmaceuticals, Inc. Class B (a)(b) 3,136 457,511 
Lineage Cell Therapeutics, Inc. (a) 27,372 74,999 
Macrogenics, Inc. (a) 10,544 341,204 
Madrigal Pharmaceuticals, Inc. (a) 1,742 237,086 
Magenta Therapeutics, Inc. (a) 5,346 62,281 
MannKind Corp. (a)(b) 46,181 211,047 
Matinas BioPharma Holdings, Inc. (a) 26,249 23,099 
MediciNova, Inc. (a)(b) 6,756 29,659 
MEI Pharma, Inc. (a) 18,577 67,806 
Mersana Therapeutics, Inc. (a) 10,470 166,787 
Minerva Neurosciences, Inc. (a) 4,574 10,886 
Mirati Therapeutics, Inc. (a) 8,591 1,427,996 
Mirum Pharmaceuticals, Inc. (a) 2,989 58,405 
Molecular Templates, Inc. (a) 7,662 71,716 
Morphic Holding, Inc. (a) 2,724 150,910 
Mustang Bio, Inc. (a) 7,933 25,624 
Myriad Genetics, Inc. (a) 14,218 429,668 
Natera, Inc. (a) 14,685 1,615,644 
Neoleukin Therapeutics, Inc. (a)(b) 6,582 82,209 
Neubase Therapeutics, Inc. (a)(b) 3,368 20,309 
Neurocrine Biosciences, Inc. (a) 17,662 1,668,882 
NextCure, Inc. (a) 1,950 17,102 
Nkarta, Inc. (a)(b) 2,993 95,327 
Nurix Therapeutics, Inc. (a)(b) 2,497 86,946 
Opko Health, Inc. (a)(b) 82,402 337,848 
ORIC Pharmaceuticals, Inc. (a) 2,470 59,601 
Ovid Therapeutics, Inc. (a)(b) 6,813 25,004 
Oyster Point Pharma, Inc. (a)(b) 2,053 42,394 
Palatin Technologies, Inc. (a)(b) 34,369 21,412 
Passage Bio, Inc. (a) 4,466 83,782 
PDL BioPharma, Inc. (a)(c) 15,583 38,490 
Poseida Therapeutics, Inc. (a) 2,330 21,809 
Precigen, Inc. (a)(b) 16,879 130,559 
Precision BioSciences, Inc. (a)(b) 7,694 71,477 
Protagonist Therapeutics, Inc. (a) 7,329 212,101 
Prothena Corp. PLC (a) 4,686 124,366 
PTC Therapeutics, Inc. (a) 13,074 538,780 
Puma Biotechnology, Inc. (a) 6,894 67,975 
Radius Health, Inc. (a) 8,575 191,223 
RAPT Therapeutics, Inc. (a) 1,565 34,336 
Recro Pharma, Inc. (a) 5,421 14,474 
REGENXBIO, Inc. (a) 6,620 229,648 
Relay Therapeutics, Inc. (a)(b) 3,955 125,413 
Repligen Corp. (a) 9,577 2,027,547 
Replimune Group, Inc. (a) 4,829 176,693 
Revolution Medicines, Inc. (a) 9,002 298,776 
Rhythm Pharmaceuticals, Inc. (a) 6,955 149,950 
Rigel Pharmaceuticals, Inc. (a) 33,237 123,642 
Rocket Pharmaceuticals, Inc. (a)(b) 8,136 372,954 
Rubius Therapeutics, Inc. (a) 8,078 202,112 
Sage Therapeutics, Inc. (a) 9,700 763,972 
Sangamo Therapeutics, Inc. (a) 22,384 263,684 
Sarepta Therapeutics, Inc. (a) 14,799 1,048,361 
Scholar Rock Holding Corp. (a) 4,154 134,382 
Selecta Biosciences, Inc. (a) 16,267 48,801 
Seres Therapeutics, Inc. (a) 10,807 224,894 
Sesen Bio, Inc. (a) 29,769 85,735 
Sorrento Therapeutics, Inc. (a)(b) 43,751 360,071 
Spectrum Pharmaceuticals, Inc. (a) 26,952 83,821 
Spero Therapeutics, Inc. (a)(b) 4,786 65,855 
Springworks Therapeutics, Inc. (a)(b) 5,168 371,372 
Stoke Therapeutics, Inc. (a) 3,938 127,197 
Sutro Biopharma, Inc. (a) 6,668 136,761 
Syndax Pharmaceuticals, Inc. (a)(b) 6,470 103,132 
Syros Pharmaceuticals, Inc. (a) 10,045 60,672 
T2 Biosystems, Inc. (a)(b) 23,957 33,061 
TCR2 Therapeutics, Inc. (a) 4,856 110,280 
TG Therapeutics, Inc. (a) 21,712 970,744 
Translate Bio, Inc. (a) 13,157 305,506 
Travere Therapeutics, Inc. (a) 10,496 259,461 
Trevena, Inc. (a) 32,240 55,453 
Turning Point Therapeutics, Inc. (a) 8,054 613,956 
Twist Bioscience Corp. (a) 7,872 1,056,344 
Ultragenyx Pharmaceutical, Inc. (a) 11,793 1,316,571 
uniQure B.V. (a) 7,239 233,603 
United Therapeutics Corp. (a) 8,349 1,682,824 
UNITY Biotechnology, Inc. (a) 5,370 26,689 
Vanda Pharmaceuticals, Inc. (a) 10,095 167,577 
Vaxart, Inc. (a)(b) 22,188 239,187 
Vaxcyte, Inc. 3,529 65,534 
VBI Vaccines, Inc. (a)(b) 46,251 145,691 
Veracyte, Inc. (a) 12,616 627,646 
Verastem, Inc. (a) 28,949 88,873 
Vericel Corp. (a) 8,544 533,316 
Viking Therapeutics, Inc. (a)(b) 13,109 83,767 
Vir Biotechnology, Inc. (a)(b) 12,148 579,946 
Voyager Therapeutics, Inc. (a)(b) 3,702 17,844 
Xbiotech, Inc. (a) 2,438 41,641 
Xencor, Inc. (a) 10,777 458,669 
Y-mAbs Therapeutics, Inc. (a) 5,764 173,323 
Zentalis Pharmaceuticals, Inc. 2,689 159,511 
ZIOPHARM Oncology, Inc. (a)(b) 40,838 141,299 
  63,546,143 
Health Care Equipment & Supplies - 2.6%   
Accelerate Diagnostics, Inc. (a)(b) 5,749 42,025 
Accuray, Inc. (a) 16,971 79,764 
Acutus Medical, Inc. (a) 1,686 23,014 
Alphatec Holdings, Inc. (a) 11,337 181,279 
Angiodynamics, Inc. (a) 7,289 177,123 
Antares Pharma, Inc. (a) 29,072 110,183 
Aspira Women's Health, Inc. (a) 11,494 65,746 
Atricure, Inc. (a) 8,594 662,340 
Atrion Corp. 260 166,036 
Avanos Medical, Inc. (a) 8,857 382,711 
AxoGen, Inc. (a) 6,543 122,485 
Axonics Modulation Technologies, Inc. (a) 5,760 362,477 
BioLife Solutions, Inc. (a) 4,811 167,904 
BioSig Technologies, Inc. (a) 4,501 15,393 
Cantel Medical Corp. (a) 7,033 618,271 
Cardiovascular Systems, Inc. (a) 7,373 297,279 
Cerus Corp. (a) 32,672 199,299 
Co.-Diagnostics, Inc. (a)(b) 4,931 43,689 
CONMED Corp. 5,455 768,882 
Cryolife, Inc. (a) 7,302 213,072 
CryoPort, Inc. (a)(b) 8,500 480,845 
Cutera, Inc. (a)(b) 3,213 96,486 
CytoSorbents Corp. (a)(b) 7,837 72,492 
Dentsply Sirona, Inc. 41,118 2,775,876 
Envista Holdings Corp. (a) 30,143 1,304,589 
Glaukos Corp. (a) 8,607 810,435 
Globus Medical, Inc. (a) 14,430 1,035,641 
Haemonetics Corp. (a) 9,616 646,772 
Heska Corp. (a)(b) 1,870 341,556 
Hill-Rom Holdings, Inc. 12,446 1,371,798 
ICU Medical, Inc. (a) 3,694 769,349 
Inari Medical, Inc. 1,576 180,121 
Inogen, Inc. (a) 3,493 228,407 
Integer Holdings Corp. (a) 6,119 574,452 
Integra LifeSciences Holdings Corp. (a) 13,305 985,634 
Intersect ENT, Inc. (a) 5,814 126,803 
Invacare Corp. 6,661 60,149 
iRhythm Technologies, Inc. (a) 5,424 422,313 
Lantheus Holdings, Inc. (a) 12,502 296,297 
LeMaitre Vascular, Inc. 3,259 171,000 
LivaNova PLC (a) 9,153 776,815 
Meridian Bioscience, Inc. (a) 8,216 160,869 
Merit Medical Systems, Inc. (a) 9,112 579,523 
Mesa Laboratories, Inc. 892 221,796 
Natus Medical, Inc. (a) 6,146 157,030 
Neogen Corp. (a) 9,956 955,876 
Nevro Corp. (a) 6,480 1,119,809 
NuVasive, Inc. (a) 9,611 686,706 
OraSure Technologies, Inc. (a) 13,238 121,128 
Orthofix International NV (a) 3,494 154,959 
OrthoPediatrics Corp. (a)(b) 2,455 143,618 
Penumbra, Inc. (a)(b) 6,365 1,947,626 
Pulse Biosciences, Inc. (a) 2,436 46,917 
Quidel Corp. (a) 7,256 760,356 
Quotient Ltd. (a) 17,730 69,502 
Repro Medical Systems, Inc. (a)(b) 4,787 18,047 
Retractable Technologies, Inc. (a)(b) 2,328 22,605 
Rockwell Medical Technologies, Inc. (a)(b) 14,417 13,907 
Seaspine Holdings Corp. (a) 4,136 86,070 
Shockwave Medical, Inc. (a) 5,929 969,154 
SI-BONE, Inc. (a) 4,792 170,116 
Sientra, Inc. (a) 9,852 67,585 
Silk Road Medical, Inc. (a) 6,481 396,248 
SmileDirectClub, Inc. (a)(b) 15,663 166,576 
Staar Surgical Co. (a) 8,710 1,193,357 
Surgalign Holdings, Inc. (a) 20,143 36,459 
SurModics, Inc. (a) 2,649 141,695 
Tactile Systems Technology, Inc. (a) 3,734 213,958 
Tandem Diabetes Care, Inc. (a) 11,775 1,082,123 
TransMedics Group, Inc. (a) 4,630 132,927 
Vapotherm, Inc. (a)(b) 4,238 93,236 
Varex Imaging Corp. (a) 7,036 167,035 
ViewRay, Inc. (a) 21,713 104,440 
Zynex, Inc. (a)(b) 3,695 54,575 
  30,482,630 
Health Care Providers & Services - 2.5%   
1Life Healthcare, Inc. (a) 14,427 627,719 
Acadia Healthcare Co., Inc. (a) 16,652 1,014,440 
Accolade, Inc. (a) 2,900 145,435 
AdaptHealth Corp. (a) 14,148 411,141 
Addus HomeCare Corp. (a) 2,831 299,520 
Amedisys, Inc. (a) 6,177 1,666,863 
AMN Healthcare Services, Inc. (a) 8,896 705,453 
Apollo Medical Holdings, Inc. (a) 2,504 74,344 
Brookdale Senior Living, Inc. (a) 34,203 223,688 
Castle Biosciences, Inc. (a) 3,459 238,775 
Chemed Corp. 3,012 1,435,549 
Community Health Systems, Inc. (a) 22,814 254,376 
Corvel Corp. (a) 1,681 196,694 
Covetrus, Inc. (a) 18,797 538,534 
Cross Country Healthcare, Inc. (a) 6,313 84,089 
DaVita HealthCare Partners, Inc. (a) 13,521 1,575,602 
Encompass Health Corp. 18,598 1,578,226 
Fulgent Genetics, Inc. (a)(b) 3,288 253,242 
Hanger, Inc. (a) 6,887 171,693 
HealthEquity, Inc. (a) 15,568 1,182,701 
Henry Schein, Inc. (a) 26,726 1,937,635 
InfuSystems Holdings, Inc. (a) 3,181 71,954 
LHC Group, Inc. (a) 5,931 1,235,249 
Magellan Health Services, Inc. (a) 4,253 400,633 
MEDNAX, Inc. (a) 15,947 419,725 
Modivcare, Inc. (a) 2,320 324,986 
Molina Healthcare, Inc. (a) 10,878 2,774,978 
National Healthcare Corp. 2,252 158,338 
National Research Corp. Class A 2,572 131,944 
Ontrak, Inc. (a)(b) 1,452 47,393 
Option Care Health, Inc. (a) 16,716 318,941 
Owens & Minor, Inc. 13,686 493,928 
Patterson Companies, Inc. 16,402 527,160 
Pennant Group, Inc.(a) 4,838 195,552 
PetIQ, Inc. Class A (a)(b) 4,043 172,232 
Premier, Inc. 13,173 465,666 
Progyny, Inc. (a) 6,882 391,655 
R1 RCM, Inc. (a) 23,165 631,941 
RadNet, Inc. (a) 8,065 180,172 
Select Medical Holdings Corp. 20,198 761,869 
Surgery Partners, Inc. (a) 5,296 255,267 
Tenet Healthcare Corp. (a) 19,961 1,182,889 
The Ensign Group, Inc. 9,729 835,235 
The Joint Corp. (a) 2,557 141,862 
Tivity Health, Inc. (a) 6,880 166,358 
Triple-S Management Corp. (a) 4,159 98,610 
U.S. Physical Therapy, Inc. 2,406 270,555 
Universal Health Services, Inc. Class B 14,571 2,162,482 
  29,433,293 
Health Care Technology - 0.6%   
Allscripts Healthcare Solutions, Inc. (a) 25,913 403,206 
Change Healthcare, Inc. (a) 42,632 978,404 
Computer Programs & Systems, Inc. 2,625 78,803 
Evolent Health, Inc. (a) 15,131 327,737 
Health Catalyst, Inc. (a)(b) 6,147 355,911 
HealthStream, Inc. (a) 4,946 119,495 
iCAD, Inc. (a) 4,130 74,505 
Inovalon Holdings, Inc. Class A (a) 14,459 436,806 
Inspire Medical Systems, Inc. (a) 5,105 1,208,966 
NantHealth, Inc. (a)(b) 7,270 18,466 
Nextgen Healthcare, Inc. (a) 10,438 191,120 
Omnicell, Inc. (a) 8,113 1,176,547 
OptimizeRx Corp. (a) 2,472 124,737 
Phreesia, Inc. (a) 6,606 341,861 
Schrodinger, Inc. (a) 6,909 526,742 
Simulations Plus, Inc. (b) 2,832 178,812 
Tabula Rasa HealthCare, Inc. (a)(b) 4,273 203,224 
Vocera Communications, Inc. (a) 6,336 229,173 
  6,974,515 
Life Sciences Tools & Services - 1.0%   
Adaptive Biotechnologies Corp. (a) 15,614 649,542 
Bruker Corp. 19,070 1,306,676 
ChromaDex, Inc. (a) 8,676 77,043 
Codexis, Inc. (a) 10,801 250,367 
Fluidigm Corp. (a)(b) 13,541 67,840 
Frontage Holdings Corp. (a)(d) 132,000 89,895 
Luminex Corp. 8,224 301,739 
Medpace Holdings, Inc. (a) 5,198 881,997 
Nanostring Technologies, Inc. (a) 8,402 669,387 
NeoGenomics, Inc. (a) 22,097 1,082,532 
Pacific Biosciences of California, Inc. (a) 36,309 1,083,824 
Personalis, Inc. (a) 5,330 131,331 
PPD, Inc. (a) 20,476 945,991 
PRA Health Sciences, Inc. (a) 12,105 2,020,203 
Quanterix Corp. (a) 5,076 310,347 
Syneos Health, Inc. (a) 15,537 1,318,314 
  11,187,028 
Pharmaceuticals - 1.0%   
AcelRx Pharmaceuticals, Inc. (a) 22,928 29,806 
Aerie Pharmaceuticals, Inc. (a)(b) 8,620 147,661 
Agile Therapeutics, Inc. (a) 13,504 24,982 
Amneal Pharmaceuticals, Inc. (a) 20,626 113,649 
Amphastar Pharmaceuticals, Inc. (a) 6,711 116,771 
Ampio Pharmaceuticals, Inc. (a)(b) 32,508 60,140 
ANI Pharmaceuticals, Inc. (a) 1,882 62,633 
Aquestive Therapeutics, Inc. (a)(b) 3,446 14,025 
Arvinas Holding Co. LLC (a) 6,110 421,223 
Axsome Therapeutics, Inc. (a) 4,865 294,138 
Aytu BioScience, Inc. (a) 4,407 29,174 
Biodelivery Sciences International, Inc. (a) 20,692 71,594 
Cara Therapeutics, Inc. (a) 8,023 103,898 
Cerecor, Inc. (a) 17,926 56,288 
Chiasma, Inc. (a) 7,803 23,253 
Collegium Pharmaceutical, Inc. (a) 6,357 141,761 
Corcept Therapeutics, Inc. (a) 20,057 457,099 
CorMedix, Inc. (a) 6,304 54,467 
CymaBay Therapeutics, Inc. (a)(b) 12,130 52,523 
Durect Corp. (a)(b) 42,314 80,397 
Endo International PLC (a) 43,892 251,501 
Evofem Biosciences, Inc. (a)(b) 13,257 19,620 
Evolus, Inc. (a) 3,945 35,939 
Fulcrum Therapeutics, Inc. (a) 3,970 44,663 
Innoviva, Inc. (a)(b) 11,014 126,110 
Intra-Cellular Therapies, Inc. (a) 13,431 462,429 
Jazz Pharmaceuticals PLC (a) 10,593 1,741,489 
Kala Pharmaceuticals, Inc. (a)(b) 7,376 57,016 
Lannett Co., Inc. (a) 6,309 27,570 
Liquidia Technologies, Inc. (a) 4,714 13,388 
Marinus Pharmaceuticals, Inc. (a)(b) 5,722 84,171 
Nektar Therapeutics (a) 33,830 663,406 
NGM Biopharmaceuticals, Inc. (a) 4,254 116,985 
Ocular Therapeutix, Inc. (a) 14,364 264,010 
Odonate Therapeutics, Inc. (a) 3,545 11,876 
Omeros Corp. (a)(b) 11,734 207,222 
Onconova Therapeutics, Inc. (a) 43,860 31,557 
OptiNose, Inc. (a)(b) 5,031 17,961 
Pacira Biosciences, Inc. (a) 8,167 515,991 
Paratek Pharmaceuticals, Inc. (a)(b) 7,851 60,060 
Perrigo Co. PLC 24,959 1,039,043 
Phathom Pharmaceuticals, Inc. (a) 2,454 94,528 
Phibro Animal Health Corp. Class A 3,722 91,263 
Pliant Therapeutics, Inc. 1,800 60,300 
Prestige Brands Holdings, Inc. (a) 9,471 412,557 
Provention Bio, Inc. (a) 10,174 73,151 
Reata Pharmaceuticals, Inc. (a)(b) 4,971 504,059 
Relmada Therapeutics, Inc. (a)(b) 2,592 99,948 
Revance Therapeutics, Inc. (a) 12,502 364,058 
Royalty Pharma PLC 15,924 700,656 
SIGA Technologies, Inc. (a) 7,375 52,879 
Strongbridge Biopharma PLC (a) 8,234 20,914 
Supernus Pharmaceuticals, Inc. (a) 9,990 304,196 
TherapeuticsMD, Inc. (a)(b) 62,202 75,264 
Theravance Biopharma, Inc. (a) 9,632 190,136 
Tricida, Inc. (a)(b) 5,461 25,394 
Vyne Therapeutics, Inc. (a)(b) 9,434 46,604 
WAVE Life Sciences (a) 6,598 40,578 
Xeris Pharmaceuticals, Inc. (a)(b) 8,835 33,838 
Zogenix, Inc. (a) 10,611 200,442 
Zynerba Pharmaceuticals, Inc. (a)(b) 4,198 18,513 
  11,556,767 
TOTAL HEALTH CARE  153,180,376 
INDUSTRIALS - 16.6%   
Aerospace & Defense - 1.6%   
AAR Corp. 6,314 254,075 
Aerojet Rocketdyne Holdings, Inc. 13,454 628,571 
AeroVironment, Inc. (a) 4,212 464,878 
Astronics Corp. (a) 4,386 76,360 
Axon Enterprise, Inc. (a) 11,984 1,816,894 
BWX Technologies, Inc. 17,791 1,190,574 
Cubic Corp. 5,881 440,134 
Curtiss-Wright Corp. 7,711 986,237 
Ducommun, Inc. (a) 2,104 123,989 
Hexcel Corp. (a) 15,624 881,350 
Howmet Aerospace, Inc. (a) 73,319 2,343,275 
Huntington Ingalls Industries, Inc. 7,571 1,607,475 
Kaman Corp. 5,054 269,631 
Kratos Defense & Security Solutions, Inc. (a) 23,037 616,009 
Maxar Technologies, Inc. 13,295 515,979 
Mercury Systems, Inc. (a) 10,560 794,534 
Moog, Inc. Class A 5,457 472,303 
National Presto Industries, Inc. 1,151 118,415 
PAE, Inc. (a) 12,271 110,071 
Park Aerospace Corp. 2,730 36,828 
Parsons Corp. (a) 4,355 193,057 
Spirit AeroSystems Holdings, Inc. Class A 19,890 908,774 
Textron, Inc. 42,561 2,734,119 
Triumph Group, Inc. (a) 10,116 171,163 
Vectrus, Inc. (a) 2,254 117,997 
Virgin Galactic Holdings, Inc. (a)(b) 24,579 544,425 
  18,417,117 
Air Freight & Logistics - 0.6%   
Air Transport Services Group, Inc. (a) 11,259 296,337 
Atlas Air Worldwide Holdings, Inc. (a) 5,111 347,088 
C.H. Robinson Worldwide, Inc. 25,083 2,435,058 
Echo Global Logistics, Inc. (a) 4,881 159,609 
Forward Air Corp. 5,191 458,313 
Hub Group, Inc. Class A (a) 6,390 419,951 
XPO Logistics, Inc. (a) 19,174 2,667,487 
  6,783,843 
Airlines - 0.6%   
Alaska Air Group, Inc. (a) 23,358 1,614,972 
Allegiant Travel Co. (a) 2,483 585,318 
American Airlines Group, Inc. (a)(b) 119,881 2,603,815 
Hawaiian Holdings, Inc. (a) 9,063 227,572 
JetBlue Airways Corp. (a) 59,495 1,211,318 
Mesa Air Group, Inc. (a) 6,141 69,148 
SkyWest, Inc. 9,375 465,563 
Spirit Airlines, Inc. (a) 18,510 663,028 
  7,440,734 
Building Products - 1.9%   
A.O. Smith Corp. 25,377 1,719,292 
AAON, Inc. 7,637 499,536 
Advanced Drain Systems, Inc. 9,307 1,039,220 
Allegion PLC 17,010 2,285,804 
Alpha PRO Tech Ltd. (a)(b) 2,033 18,216 
American Woodmark Corp. (a) 3,177 315,984 
Apogee Enterprises, Inc. 5,054 177,547 
Armstrong World Industries, Inc. 8,953 927,978 
Builders FirstSource, Inc. (a) 38,863 1,891,462 
Cornerstone Building Brands, Inc. (a) 8,317 116,937 
CSW Industrials, Inc. 2,601 352,201 
Gibraltar Industries, Inc. (a) 6,090 559,427 
Griffon Corp. 8,464 229,544 
Insteel Industries, Inc. 3,719 141,805 
Jeld-Wen Holding, Inc. (a) 13,906 405,638 
Lennox International, Inc. 6,425 2,154,560 
Masonite International Corp. (a) 4,599 580,808 
Owens Corning 19,718 1,908,900 
PGT Innovations, Inc. (a) 11,169 294,080 
Quanex Building Products Corp. 6,290 171,654 
Resideo Technologies, Inc. (a) 26,904 807,389 
Simpson Manufacturing Co. Ltd. 8,110 913,997 
The AZEK Co., Inc. 23,368 1,128,207 
Trex Co., Inc. (a) 21,774 2,351,374 
UFP Industries, Inc. 11,551 970,746 
  21,962,306 
Commercial Services & Supplies - 1.4%   
ABM Industries, Inc. 12,650 650,337 
ACCO Brands Corp. 18,256 156,636 
ADT, Inc. (b) 28,174 259,201 
Brady Corp. Class A 9,121 497,733 
BrightView Holdings, Inc. (a) 6,000 107,580 
Casella Waste Systems, Inc. Class A (a) 8,850 593,924 
Cimpress PLC (a) 3,642 346,937 
Clean Harbors, Inc. (a) 9,461 841,651 
CoreCivic, Inc. 22,549 175,206 
Covanta Holding Corp. 21,838 328,444 
Deluxe Corp. 7,822 344,324 
Ennis, Inc. 4,743 98,322 
Harsco Corp. (a) 14,971 268,430 
Healthcare Services Group, Inc. 14,110 422,595 
Herman Miller, Inc. 11,232 466,128 
HNI Corp. 8,253 349,432 
IAA Spinco, Inc. (a) 25,230 1,584,696 
Interface, Inc. 10,956 140,675 
KAR Auction Services, Inc. 24,595 368,679 
Kimball International, Inc. Class B 7,309 106,565 
Knoll, Inc. 8,443 201,788 
Matthews International Corp. Class A 5,801 240,045 
Montrose Environmental Group, Inc. (a) 2,632 142,681 
MSA Safety, Inc. 6,821 1,096,544 
Pitney Bowes, Inc. 32,313 241,378 
R.R. Donnelley & Sons Co. (a) 13,414 58,083 
Rollins, Inc. 41,516 1,547,716 
SP Plus Corp. (a) 4,380 150,365 
Steelcase, Inc. Class A 17,471 241,100 
Stericycle, Inc. (a) 17,089 1,303,549 
Team, Inc. (a) 5,321 52,518 
Tetra Tech, Inc. 10,194 1,301,060 
The Brink's Co. 9,329 745,574 
U.S. Ecology, Inc. (a) 6,068 257,647 
UniFirst Corp. 2,839 636,475 
Viad Corp. 3,730 155,392 
  16,479,410 
Construction & Engineering - 1.2%   
AECOM (a) 27,719 1,841,373 
Aegion Corp. (a) 5,767 173,587 
Ameresco, Inc. Class A (a) 3,903 206,039 
API Group Corp. (a)(d) 28,373 603,210 
Arcosa, Inc. 9,104 548,880 
Argan, Inc. 2,845 142,677 
Comfort Systems U.S.A., Inc. 6,804 560,377 
Construction Partners, Inc. Class A (a) 6,526 207,070 
Dycom Industries, Inc. (a) 5,796 543,723 
EMCOR Group, Inc. 10,254 1,228,429 
Fluor Corp. 23,267 534,676 
Granite Construction, Inc. 8,488 323,393 
Great Lakes Dredge & Dock Corp. (a) 12,492 196,124 
HC2 Holdings, Inc. (a) 9,359 39,308 
IES Holdings, Inc. (a) 3,911 206,462 
MasTec, Inc. (a) 10,618 1,108,094 
Matrix Service Co. (a) 5,289 69,868 
MYR Group, Inc. (a) 3,245 252,786 
NV5 Global, Inc. (a) 1,998 180,080 
Primoris Services Corp. 9,541 311,609 
Quanta Services, Inc. 25,937 2,506,552 
Sterling Construction Co., Inc. (a) 5,347 111,485 
Tutor Perini Corp. (a) 7,403 119,188 
Valmont Industries, Inc. 4,005 988,634 
Willscot Mobile Mini Holdings (a) 35,006 1,024,626 
  14,028,250 
Electrical Equipment - 1.2%   
Acuity Brands, Inc. 6,774 1,256,712 
American Superconductor Corp. (a) 4,303 70,870 
Atkore, Inc. (a) 8,696 680,723 
AZZ, Inc. 4,616 242,986 
Bloom Energy Corp. Class A (a)(b) 22,744 590,662 
Encore Wire Corp. 3,948 294,837 
Energous Corp. (a)(b) 6,815 21,263 
EnerSys 8,033 735,662 
FuelCell Energy, Inc. (a)(b) 60,680 589,203 
GrafTech International Ltd. 26,420 336,062 
Hubbell, Inc. Class B 10,187 1,956,006 
nVent Electric PLC 31,621 962,859 
Orion Energy Systems, Inc. (a) 4,362 26,259 
Powell Industries, Inc. 1,903 67,062 
Regal Beloit Corp. 7,661 1,106,478 
Sensata Technologies, Inc. PLC (a) 29,615 1,709,970 
Sunrun, Inc. (a) 30,130 1,476,370 
Thermon Group Holdings, Inc. (a) 6,078 116,090 
TPI Composites, Inc. (a) 6,177 328,308 
Vertiv Holdings Co. 45,902 1,041,975 
Vicor Corp. (a) 3,969 366,061 
  13,976,418 
Industrial Conglomerates - 0.2%   
Carlisle Companies, Inc. 9,969 1,910,559 
Raven Industries, Inc. 6,675 271,139 
  2,181,698 
Machinery - 4.1%   
AGCO Corp. 11,591 1,691,359 
Alamo Group, Inc. 1,826 287,139 
Albany International Corp. Class A 5,693 508,043 
Allison Transmission Holdings, Inc. 21,063 873,483 
Altra Industrial Motion Corp. 11,464 676,491 
Astec Industries, Inc. 4,321 324,118 
Barnes Group, Inc. 8,791 438,847 
Blue Bird Corp. (a) 2,762 74,408 
Chart Industries, Inc. (a) 6,701 1,076,382 
CIRCOR International, Inc. (a) 3,680 126,482 
Colfax Corp. (a)(b) 21,681 979,764 
Columbus McKinnon Corp. (NY Shares) 4,400 217,844 
Crane Co. 9,264 871,372 
Donaldson Co., Inc. 23,515 1,478,623 
Douglas Dynamics, Inc. 4,227 189,074 
Energy Recovery, Inc. (a) 8,895 188,574 
Enerpac Tool Group Corp. Class A 11,169 297,095 
EnPro Industries, Inc. 3,955 338,746 
ESCO Technologies, Inc. 4,837 526,072 
Evoqua Water Technologies Corp. (a) 22,443 641,421 
ExOne Co. (a) 2,646 61,520 
Federal Signal Corp. 11,164 462,525 
Flowserve Corp. 24,465 969,793 
Franklin Electric Co., Inc. 7,256 589,695 
Gorman-Rupp Co. 3,641 125,687 
Graco, Inc. 31,515 2,420,352 
Helios Technologies, Inc. 5,738 414,743 
Hillenbrand, Inc. 13,976 686,082 
Hyster-Yale Materials Handling Class A 1,896 153,292 
ITT, Inc. 16,189 1,526,785 
John Bean Technologies Corp. 5,916 860,068 
Kadant, Inc. 2,170 386,325 
Kennametal, Inc. 15,790 634,126 
Lincoln Electric Holdings, Inc. 11,139 1,426,349 
Lindsay Corp. 2,009 333,052 
Lydall, Inc. (a) 3,086 113,719 
Manitowoc Co., Inc. (a) 6,494 148,583 
Meritor, Inc. (a) 13,681 369,797 
Middleby Corp. (a) 10,441 1,893,162 
Miller Industries, Inc. 2,067 88,922 
Mueller Industries, Inc. 10,524 472,212 
Mueller Water Products, Inc. Class A 29,159 418,723 
Navistar International Corp. (a) 9,206 407,366 
Nikola Corp. (a)(b) 26,290 304,175 
NN, Inc. (a) 7,563 55,210 
Nordson Corp. 10,082 2,131,436 
Omega Flex, Inc. 537 85,383 
Oshkosh Corp. 12,859 1,600,045 
Pentair PLC 31,105 2,006,584 
Proto Labs, Inc. (a) 5,196 582,264 
RBC Bearings, Inc. (a) 4,731 943,503 
REV Group, Inc. 5,052 92,148 
Rexnord Corp. 22,360 1,116,435 
Snap-On, Inc. 10,161 2,414,254 
SPX Corp. (a) 8,400 509,544 
SPX Flow, Inc. 7,957 529,857 
Standex International Corp. 2,251 213,440 
Tennant Co. 3,431 270,740 
Terex Corp. 13,177 619,187 
The Greenbrier Companies, Inc. (b) 6,205 293,124 
The Shyft Group, Inc. 6,105 216,239 
Timken Co. 12,792 1,072,865 
Toro Co. 20,101 2,303,575 
TriMas Corp. (a) 8,002 254,784 
Trinity Industries, Inc. 15,157 418,939 
Wabash National Corp. 9,424 165,957 
Watts Water Technologies, Inc. Class A 5,096 634,707 
Welbilt, Inc. (a) 23,974 535,579 
Woodward, Inc. 10,976 1,372,110 
  47,510,299 
Marine - 0.1%   
Genco Shipping & Trading Ltd. 5,921 90,828 
Kirby Corp. (a) 11,248 716,498 
Matson, Inc. 8,146 532,178 
  1,339,504 
Professional Services - 1.7%   
Acacia Research Corp. (a) 9,758 59,329 
ASGN, Inc. (a) 9,985 1,050,222 
Barrett Business Services, Inc. 1,397 102,442 
Booz Allen Hamilton Holding Corp. Class A 25,813 2,141,188 
CACI International, Inc. Class A (a) 4,750 1,210,585 
CBIZ, Inc. (a) 10,300 345,977 
CoreLogic, Inc. 13,629 1,086,231 
CRA International, Inc. 1,396 112,043 
Dun & Bradstreet Holdings, Inc. (a)(b) 25,914 615,717 
Exponent, Inc. 9,816 945,575 
Forrester Research, Inc. (a) 2,050 89,073 
Franklin Covey Co. (a) 1,930 58,942 
FTI Consulting, Inc. (a) 6,442 894,472 
Heidrick & Struggles International, Inc. 3,479 147,162 
Huron Consulting Group, Inc. (a) 4,162 234,154 
ICF International, Inc. 3,168 288,478 
Insperity, Inc. 6,638 581,091 
KBR, Inc. 26,525 1,049,329 
Kelly Services, Inc. Class A (non-vtg.) (a) 5,899 147,770 
Kforce, Inc. 3,642 204,098 
Korn Ferry 10,147 688,880 
Manpower, Inc. 10,309 1,246,255 
ManTech International Corp. Class A 5,187 442,710 
Nielsen Holdings PLC 67,221 1,724,219 
Resources Connection, Inc. 5,895 83,178 
Robert Half International, Inc. 21,222 1,859,259 
Science Applications International Corp. 10,952 979,328 
TriNet Group, Inc. (a) 7,421 584,107 
TrueBlue, Inc. (a) 6,472 183,158 
Upwork, Inc. (a) 17,109 788,041 
Willdan Group, Inc. (a) 1,995 76,149 
  20,019,162 
Road & Rail - 0.9%   
AMERCO 1,690 1,008,305 
ArcBest Corp. 4,823 350,921 
Avis Budget Group, Inc. (a) 9,708 869,934 
Covenant Transport Group, Inc. Class A (a) 1,732 37,255 
Daseke, Inc. (a) 11,780 89,410 
Heartland Express, Inc. 8,958 166,529 
J.B. Hunt Transport Services, Inc. 15,644 2,670,587 
Knight-Swift Transportation Holdings, Inc. Class A 22,935 1,080,697 
Landstar System, Inc. 7,193 1,239,210 
Marten Transport Ltd. 11,034 184,488 
Ryder System, Inc. 10,047 802,152 
Saia, Inc. (a) 4,958 1,162,651 
Schneider National, Inc. Class B 7,056 170,967 
U.S. Xpress Enterprises, Inc. (a) 3,140 32,154 
Werner Enterprises, Inc. 10,657 492,673 
Yellow Corp. (a) 8,895 81,567 
  10,439,500 
Trading Companies & Distributors - 1.1%   
Air Lease Corp. Class A 20,095 938,637 
Applied Industrial Technologies, Inc. 7,317 699,944 
Beacon Roofing Supply, Inc. (a) 10,123 570,229 
BlueLinx Corp. (a) 1,800 90,846 
Boise Cascade Co. 7,307 487,523 
CAI International, Inc. 2,896 123,225 
DXP Enterprises, Inc. (a) 3,163 92,581 
GATX Corp. (b) 6,571 642,052 
GMS, Inc. (a) 7,994 349,418 
H&E Equipment Services, Inc. 6,030 234,567 
Herc Holdings, Inc. (a) 4,631 489,034 
McGrath RentCorp. 4,519 370,468 
MRC Global, Inc. (a) 10,644 100,266 
MSC Industrial Direct Co., Inc. Class A 8,825 795,662 
NOW, Inc. (a) 20,019 196,587 
Rush Enterprises, Inc. Class A 7,894 389,648 
SiteOne Landscape Supply, Inc. (a) 8,349 1,497,644 
Systemax, Inc. 2,827 120,769 
Textainer Group Holdings Ltd. (a) 7,944 203,525 
Titan Machinery, Inc. (a) 3,820 99,740 
Triton International Ltd. 12,407 622,459 
Univar, Inc. (a) 31,854 743,791 
Veritiv Corp. (a) 2,284 95,654 
Watsco, Inc. 6,153 1,801,968 
WESCO International, Inc. (a) 8,322 763,294 
  12,519,531 
Transportation Infrastructure - 0.0%   
Macquarie Infrastructure Co. LLC (a) 13,492 449,419 
TOTAL INDUSTRIALS  193,547,191 
INFORMATION TECHNOLOGY - 12.8%   
Communications Equipment - 0.8%   
ADTRAN, Inc. 9,315 159,193 
Applied Optoelectronics, Inc. (a)(b) 5,217 38,658 
CalAmp Corp. (a) 6,563 90,241 
Calix Networks, Inc. (a) 10,490 443,622 
Casa Systems, Inc. (a) 6,696 52,530 
Ciena Corp. (a) 29,221 1,474,784 
Clearfield, Inc. (a) 2,142 73,578 
CommScope Holding Co., Inc. (a) 37,216 612,203 
Comtech Telecommunications Corp. 4,936 118,365 
Digi International, Inc. (a) 6,350 113,475 
EchoStar Holding Corp. Class A (a) 9,981 244,035 
Extreme Networks, Inc. (a) 22,898 260,579 
Harmonic, Inc. (a) 18,369 143,646 
Infinera Corp. (a)(b) 38,061 350,922 
Inseego Corp. (a)(b) 12,127 107,688 
Juniper Networks, Inc. 61,495 1,561,358 
Lumentum Holdings, Inc. (a) 14,237 1,210,857 
NETGEAR, Inc. (a) 5,780 215,074 
NetScout Systems, Inc. (a) 13,849 362,775 
Plantronics, Inc. (a) 7,108 284,249 
Resonant, Inc. (a) 7,045 23,037 
Ribbon Communications, Inc. (a) 21,571 145,604 
ViaSat, Inc. (a)(b) 12,135 628,472 
Viavi Solutions, Inc. (a) 42,270 691,537 
  9,406,482 
Electronic Equipment & Components - 2.1%   
Airgain, Inc. (a) 1,685 39,817 
Akoustis Technologies, Inc. (a)(b) 7,660 86,022 
Arlo Technologies, Inc. (a) 14,678 89,976 
Arrow Electronics, Inc. (a) 13,988 1,595,611 
Avnet, Inc. 18,589 816,429 
Badger Meter, Inc. 5,437 507,761 
Belden, Inc. 8,358 361,734 
Benchmark Electronics, Inc. 6,880 206,538 
Coherent, Inc. (a) 4,586 1,192,314 
CTS Corp. 6,096 198,242 
Dolby Laboratories, Inc. Class A 12,212 1,239,152 
ePlus, Inc. (a) 2,504 251,301 
Fabrinet (a) 6,900 590,778 
FARO Technologies, Inc. (a) 3,319 251,730 
FLIR Systems, Inc. 24,535 1,471,364 
II-VI, Inc. (a) 19,731 1,324,739 
Insight Enterprises, Inc. (a) 6,601 662,542 
Intellicheck, Inc. (a) 2,700 26,919 
IPG Photonics Corp. (a) 6,757 1,467,012 
Itron, Inc. (a) 8,313 747,671 
Jabil, Inc. 25,555 1,339,593 
Kimball Electronics, Inc. (a) 4,879 112,266 
Knowles Corp. (a) 16,962 354,506 
Littelfuse, Inc. 4,631 1,228,326 
Luna Innovations, Inc. (a) 5,988 67,904 
Methode Electronics, Inc. Class A 7,122 319,991 
MicroVision, Inc. (a)(b) 27,269 415,852 
Napco Security Technolgies, Inc. (a) 2,276 75,814 
National Instruments Corp. 24,753 1,025,022 
nLIGHT, Inc. (a) 6,894 202,270 
Novanta, Inc. (a) 6,690 881,140 
OSI Systems, Inc. (a) 3,139 303,133 
Par Technology Corp. (a)(b) 3,724 305,889 
PC Connection, Inc. 1,961 88,931 
Plexus Corp. (a) 5,503 508,697 
Rogers Corp. (a) 3,485 682,502 
Sanmina Corp. (a) 12,231 499,514 
ScanSource, Inc. (a) 4,849 146,585 
SYNNEX Corp. 7,748 939,058 
TTM Technologies, Inc. (a)(b) 16,755 251,325 
Vishay Intertechnology, Inc. 24,701 606,904 
Vishay Precision Group, Inc. (a) 2,363 75,332 
Vontier Corp. (a) 31,599 990,313 
Wrap Technologies, Inc. (a)(b) 3,630 21,344 
  24,569,863 
IT Services - 2.5%   
Affirm Holdings, Inc. (b) 6,024 424,692 
Alliance Data Systems Corp. 9,338 1,100,483 
Amdocs Ltd. 24,482 1,878,749 
BigCommerce Holdings, Inc. (a)(b) 2,177 130,489 
BM Technologies, Inc. 594 5,244 
Brightcove, Inc. (a) 7,680 111,514 
Cardtronics PLC (a) 6,674 259,218 
Cass Information Systems, Inc. 2,310 106,006 
Concentrix Corp. (a) 7,823 1,215,538 
Conduent, Inc. (a) 32,244 219,259 
CSG Systems International, Inc. 6,093 280,217 
DXC Technology Co. 47,801 1,573,131 
Euronet Worldwide, Inc. (a) 9,921 1,422,969 
EVERTEC, Inc. 11,160 445,284 
EVO Payments, Inc. Class A (a) 9,114 259,840 
ExlService Holdings, Inc. (a) 6,235 575,989 
Fastly, Inc. Class A (a)(b) 16,134 1,030,479 
Genpact Ltd. 32,699 1,554,183 
GreenSky, Inc. Class A (a) 9,417 57,350 
Grid Dynamics Holdings, Inc. (a) 4,941 71,200 
GTT Communications, Inc. (a)(b) 5,155 8,300 
Hackett Group, Inc. 5,527 91,914 
i3 Verticals, Inc. Class A (a) 3,977 132,116 
International Money Express, Inc. (a) 5,096 80,415 
Jack Henry & Associates, Inc. 14,294 2,327,492 
Limelight Networks, Inc. (a) 23,656 74,043 
Liveramp Holdings, Inc. (a) 12,622 618,226 
Maximus, Inc. 11,511 1,054,868 
MoneyGram International, Inc. (a) 11,429 78,860 
Paysign, Inc. (a)(b) 8,196 31,309 
Perficient, Inc. (a) 6,194 406,388 
Perspecta, Inc. 25,225 738,336 
Rackspace Technology, Inc. (a)(b) 6,571 163,421 
Repay Holdings Corp. (a) 14,164 323,647 
Sabre Corp. (b) 59,744 894,965 
Sezzle, Inc. unit (a) 15,674 116,277 
Shift4 Payments, Inc. 6,665 659,102 
Snowflake Computing, Inc. 11,162 2,585,008 
Switch, Inc. Class A 16,327 303,192 
Sykes Enterprises, Inc. (a) 7,411 324,824 
The Western Union Co. 76,997 1,983,443 
Ttec Holdings, Inc. 3,390 344,865 
Tucows, Inc. (a) 1,869 146,922 
Unisys Corp. (a) 11,897 285,528 
Verra Mobility Corp. (a) 25,572 343,688 
WEX, Inc. (a) 8,302 1,703,653 
  28,542,636 
Semiconductors & Semiconductor Equipment - 1.9%   
ACM Research, Inc. (a) 1,877 148,189 
Advanced Energy Industries, Inc. 7,241 798,755 
Alpha & Omega Semiconductor Ltd. (a) 3,917 121,819 
Ambarella, Inc. (a) 6,555 639,047 
Amkor Technology, Inc. 20,410 412,690 
Atomera, Inc. (a)(b) 3,488 58,040 
Axcelis Technologies, Inc. (a) 6,256 259,812 
AXT, Inc. (a) 7,078 69,789 
Brooks Automation, Inc. 13,973 1,415,884 
Ceva, Inc. (a) 4,299 238,337 
Cirrus Logic, Inc. (a) 10,925 812,929 
CMC Materials, Inc. 5,495 1,007,948 
Cohu, Inc. 8,748 350,007 
CyberOptics Corp. (a) 1,226 40,446 
Diodes, Inc. (a) 7,888 605,877 
DSP Group, Inc. (a) 4,407 61,213 
First Solar, Inc. (a) 15,944 1,220,194 
FormFactor, Inc. (a) 14,721 576,327 
Ichor Holdings Ltd. (a) 5,389 300,545 
Impinj, Inc. (a)(b) 4,073 193,305 
Kopin Corp. (a) 12,443 102,281 
Kulicke & Soffa Industries, Inc. 11,678 663,894 
Lattice Semiconductor Corp. (a) 25,725 1,294,225 
MACOM Technology Solutions Holdings, Inc. (a) 8,656 490,016 
MaxLinear, Inc. Class A (a) 12,657 455,525 
MKS Instruments, Inc. 10,357 1,855,042 
NeoPhotonics Corp. (a) 9,626 90,099 
NVE Corp. 928 71,020 
Onto Innovation, Inc. (a) 9,247 633,604 
PDF Solutions, Inc. (a) 5,183 91,895 
Photronics, Inc. (a) 11,474 145,720 
Pixelworks, Inc. (a) 8,324 24,556 
Power Integrations, Inc. 11,252 931,778 
Rambus, Inc. (a) 21,274 403,781 
Semtech Corp. (a) 12,377 838,418 
Silicon Laboratories, Inc. (a) 8,294 1,169,039 
SiTime Corp. (a) 2,334 216,012 
SMART Global Holdings, Inc. (a) 2,576 118,882 
SunPower Corp. (a)(b) 15,064 386,994 
Synaptics, Inc. (a) 6,519 911,813 
Ultra Clean Holdings, Inc. (a) 8,172 417,344 
Universal Display Corp. 8,067 1,804,507 
Veeco Instruments, Inc. (a) 9,316 214,361 
  22,661,959 
Software - 5.1%   
2U, Inc. (a)(b) 13,971 548,362 
8x8, Inc. (a) 20,101 661,122 
A10 Networks, Inc. (a) 10,559 91,652 
ACI Worldwide, Inc. (a) 21,979 830,367 
Agilysys, Inc. (a) 3,816 192,365 
Alarm.com Holdings, Inc. (a) 8,424 756,138 
Altair Engineering, Inc. Class A (a)(b) 8,491 551,915 
Alteryx, Inc. Class A (a) 11,092 906,771 
American Software, Inc. Class A 5,460 112,967 
Anaplan, Inc. (a) 26,684 1,591,701 
AppFolio, Inc. (a)(b) 3,257 471,060 
Appian Corp. Class A (a)(b) 7,299 884,493 
Aspen Technology, Inc. (a) 12,746 1,667,687 
Avaya Holdings Corp. (a) 14,102 405,715 
Benefitfocus, Inc. (a) 5,186 70,115 
Bill.Com Holdings, Inc. (a) 11,607 1,794,790 
Blackbaud, Inc. (a) 9,015 641,147 
BlackLine, Inc. (a)(b) 9,649 1,119,863 
Bottomline Technologies, Inc. (a) 7,236 351,380 
Box, Inc. Class A (a) 27,275 580,958 
CDK Global, Inc. 22,797 1,221,691 
Cerence, Inc. (a)(b) 7,043 679,016 
ChannelAdvisor Corp. (a) 5,253 111,101 
Cloudera, Inc. (a) 40,766 517,321 
CommVault Systems, Inc. (a) 8,768 609,464 
Cornerstone OnDemand, Inc. (a) 11,421 505,551 
Digimarc Corp. (a)(b) 2,563 86,450 
Digital Turbine, Inc. (a) 14,068 1,061,149 
Domo, Inc. Class B (a) 5,006 321,836 
Dropbox, Inc. Class A (a) 55,463 1,425,399 
Duck Creek Technologies, Inc. (a)(b) 6,181 257,006 
Dynatrace, Inc. (a) 34,481 1,794,391 
Ebix, Inc. 4,459 134,260 
eGain Communications Corp. (a) 3,474 34,149 
Elastic NV (a) 11,821 1,425,849 
Envestnet, Inc. (a) 10,171 750,925 
Everbridge, Inc. (a) 6,816 904,551 
FireEye, Inc. (a) 44,850 891,394 
Five9, Inc. (a) 12,519 2,353,196 
Guidewire Software, Inc. (a) 15,711 1,657,668 
Intelligent Systems Corp. (a) 1,301 49,854 
InterDigital, Inc. 5,702 395,833 
j2 Global, Inc. (a)(b) 8,005 968,605 
Jamf Holding Corp. (a) 5,306 193,775 
LivePerson, Inc. (a) 11,756 642,465 
Manhattan Associates, Inc. (a) 11,994 1,646,057 
Medallia, Inc. (a) 15,441 455,355 
MicroStrategy, Inc. Class A (a)(b) 1,426 937,110 
Mimecast Ltd. (a) 10,963 476,013 
Mitek Systems, Inc. (a) 7,968 129,161 
Model N, Inc. (a) 5,669 225,513 
nCino, Inc. (a)(b) 2,850 186,362 
New Relic, Inc. (a) 10,169 653,867 
Nutanix, Inc. Class A (a) 36,154 977,604 
Onespan, Inc. (a) 6,282 168,420 
Pagerduty, Inc. (a)(b) 10,718 455,086 
Paylocity Holding Corp. (a) 7,070 1,366,207 
Pegasystems, Inc. 7,450 945,703 
Ping Identity Holding Corp. (a)(b) 6,646 161,365 
Progress Software Corp. 8,169 356,659 
Proofpoint, Inc. (a) 10,768 1,853,280 
PROS Holdings, Inc. (a) 7,394 317,794 
Q2 Holdings, Inc. (a) 9,837 1,023,245 
QAD, Inc. Class A 2,230 157,639 
Qualys, Inc. (a)(b) 6,360 644,650 
Rapid7, Inc. (a) 9,876 802,425 
SailPoint Technologies Holding, Inc. (a) 17,118 835,872 
SecureWorks Corp. (a) 1,158 15,066 
ShotSpotter, Inc. (a)(b) 1,650 57,651 
Smartsheet, Inc. (a) 21,661 1,284,497 
Smith Micro Software, Inc. (a) 5,699 32,028 
SolarWinds, Inc. (a)(b) 13,412 226,126 
Sprout Social, Inc. (a) 5,332 353,458 
SPS Commerce, Inc.(a) 6,745 690,958 
SVMK, Inc. (a) 22,404 403,048 
Synchronoss Technologies, Inc. (a) 8,105 27,071 
Tenable Holdings, Inc. (a) 12,731 477,349 
Teradata Corp. (a) 20,371 1,007,753 
Upland Software, Inc. (a) 4,894 242,547 
Varonis Systems, Inc. (a) 19,057 1,009,068 
Verint Systems, Inc. (a) 12,331 598,917 
Veritone, Inc. (a)(b) 4,696 113,268 
Vertex, Inc. Class A (a)(b) 4,521 92,364 
VirnetX Holding Corp. (b) 10,480 48,837 
VMware, Inc. Class A (a)(b) 15,121 2,431,910 
Vobile Group Ltd. (a) 37,000 161,475 
Workiva, Inc. (a) 7,846 737,524 
Xperi Holding Corp. 19,551 401,773 
Yext, Inc. (a) 17,753 247,654 
Zix Corp. (a) 11,183 88,178 
Zuora, Inc. (a) 19,533 316,435 
  59,063,809 
Technology Hardware, Storage & Peripherals - 0.4%   
3D Systems Corp. (a) 23,174 499,168 
Avid Technology, Inc. (a) 7,647 173,893 
Diebold Nixdorf, Inc. (a) 14,701 220,662 
Eastman Kodak Co. (a)(b) 11,427 85,245 
Immersion Corp. (a) 3,606 30,903 
NCR Corp. (a) 24,445 1,118,359 
Pure Storage, Inc. Class A (a) 46,404 938,289 
Razer, Inc. (a)(d) 811,000 290,249 
Super Micro Computer, Inc. (a) 7,991 295,827 
Xerox Holdings Corp. 31,309 755,799 
  4,408,394 
TOTAL INFORMATION TECHNOLOGY  148,653,143 
MATERIALS - 5.3%   
Chemicals - 2.4%   
AdvanSix, Inc. (a) 5,568 161,917 
American Vanguard Corp. 5,251 103,865 
Amyris, Inc. (a) 31,827 463,401 
Ashland Global Holdings, Inc. 10,230 881,928 
Avient Corp. 17,236 875,072 
Axalta Coating Systems Ltd. (a) 39,073 1,246,038 
Balchem Corp. 6,105 776,495 
Cabot Corp. 10,520 577,338 
CF Industries Holdings, Inc. 40,209 1,955,364 
Chase Corp. 1,440 170,554 
Element Solutions, Inc. 40,845 893,689 
Ferro Corp. (a) 15,328 255,364 
FutureFuel Corp. 5,299 67,297 
GCP Applied Technologies, Inc. (a) 9,130 234,550 
H.B. Fuller Co. 9,827 656,640 
Hawkins, Inc. 4,264 142,204 
Huntsman Corp. 37,592 1,077,763 
Ingevity Corp. (a) 7,550 589,504 
Innospec, Inc. 4,603 448,378 
Intrepid Potash, Inc. (a) 1,803 57,984 
Koppers Holdings, Inc. (a) 3,907 129,869 
Kraton Performance Polymers, Inc. (a) 5,976 213,702 
Kronos Worldwide, Inc. 4,478 76,126 
Livent Corp. (a)(b) 27,312 492,162 
Loop Industries, Inc. (a)(b) 3,661 31,558 
Minerals Technologies, Inc. 6,345 495,798 
NewMarket Corp. 1,372 475,521 
Olin Corp. 26,752 1,151,139 
Orion Engineered Carbons SA 11,242 223,266 
PQ Group Holdings, Inc. 8,187 114,618 
Quaker Chemical Corp. 2,489 603,209 
Rayonier Advanced Materials, Inc. (a) 11,431 103,908 
RPM International, Inc. 24,374 2,311,630 
Sensient Technologies Corp. 7,952 653,972 
Stepan Co. 3,948 515,846 
The Chemours Co. LLC 31,022 936,864 
The Mosaic Co. 64,774 2,278,749 
The Scotts Miracle-Gro Co. Class A 7,648 1,767,912 
Tredegar Corp. 4,706 68,802 
Trinseo SA 7,328 453,676 
Tronox Holdings PLC 20,227 428,812 
Valvoline, Inc. 33,757 1,059,970 
W.R. Grace & Co. 11,637 799,811 
Westlake Chemical Corp. 6,445 605,121 
  27,627,386 
Construction Materials - 0.2%   
Eagle Materials, Inc. 7,885 1,089,234 
Forterra, Inc. (a) 3,473 81,477 
Summit Materials, Inc. (a) 21,697 624,657 
U.S. Concrete, Inc. (a) 3,060 194,035 
  1,989,403 
Containers & Packaging - 1.2%   
Aptargroup, Inc. 12,157 1,833,397 
Berry Global Group, Inc. (a) 25,067 1,594,763 
Crown Holdings, Inc. 25,218 2,768,936 
Graphic Packaging Holding Co. 50,271 932,527 
Greif, Inc. Class A 4,932 298,435 
Myers Industries, Inc. 6,664 150,340 
O-I Glass, Inc. (a) 29,405 484,888 
Ranpak Holdings Corp. (A Shares) (a) 6,837 131,476 
Sealed Air Corp. 29,034 1,434,280 
Silgan Holdings, Inc. 14,666 618,465 
Sonoco Products Co. 18,738 1,226,589 
WestRock Co. 49,439 2,756,224 
  14,230,320 
Metals & Mining - 1.3%   
Alcoa Corp. (a) 35,020 1,283,133 
Allegheny Technologies, Inc. (a) 23,976 557,682 
Arconic Rolled Products Corp. (a) 18,208 520,749 
Carpenter Technology Corp. 8,890 336,664 
Century Aluminum Co. (a) 9,725 152,294 
Cleveland-Cliffs, Inc. 86,326 1,541,782 
Coeur d'Alene Mines Corp. (a) 45,388 366,735 
Commercial Metals Co. 22,411 654,849 
Compass Minerals International, Inc. 6,210 421,783 
Coronado Global Resources, Inc. unit (a)(c)(d) 104,163 47,744 
Gold Resource Corp. 15,463 41,595 
Haynes International, Inc. 2,105 61,550 
Hecla Mining Co. 100,429 593,535 
Kaiser Aluminum Corp. 3,163 381,047 
Materion Corp. 3,800 269,078 
McEwen Mining, Inc. (a)(b) 54,911 65,893 
Reliance Steel & Aluminum Co. 11,889 1,905,926 
Royal Gold, Inc. 12,278 1,373,417 
Ryerson Holding Corp. (a) 3,143 49,911 
Schnitzer Steel Industries, Inc. Class A 5,113 241,385 
Steel Dynamics, Inc. 37,666 2,042,251 
SunCoke Energy, Inc. 15,534 104,855 
TimkenSteel Corp. (a) 6,974 83,827 
United States Steel Corp. 49,377 1,136,165 
Warrior Metropolitan Coal, Inc. 9,377 148,625 
Worthington Industries, Inc. 6,425 419,296 
  14,801,771 
Paper & Forest Products - 0.2%   
Clearwater Paper Corp. (a) 2,984 99,845 
Domtar Corp. 10,689 421,360 
Louisiana-Pacific Corp. 20,046 1,320,630 
Mercer International, Inc. (SBI) 7,127 117,524 
Neenah, Inc. 3,181 169,134 
P.H. Glatfelter Co. 7,939 116,862 
Resolute Forest Products (a) 15,244 206,099 
Schweitzer-Mauduit International, Inc. 6,018 274,842 
Verso Corp. 6,239 96,330 
  2,822,626 
TOTAL MATERIALS  61,471,506 
REAL ESTATE - 8.4%   
Equity Real Estate Investment Trusts (REITs) - 7.8%   
Acadia Realty Trust (SBI) 16,157 337,520 
Agree Realty Corp. 12,079 849,878 
Alexander & Baldwin, Inc. 13,447 246,484 
Alexanders, Inc. 408 113,114 
American Assets Trust, Inc. 9,513 333,431 
American Campus Communities, Inc. 26,047 1,177,585 
American Finance Trust, Inc. 19,812 198,318 
American Homes 4 Rent Class A 50,585 1,873,668 
Americold Realty Trust 47,400 1,914,486 
Apartment Income (REIT) Corp. 28,089 1,268,218 
Apartment Investment & Management Co. Class A 28,278 196,249 
Apple Hospitality (REIT), Inc. 39,081 619,825 
Armada Hoffler Properties, Inc. 11,515 156,949 
Bluerock Residential Growth (REIT), Inc. 4,768 45,201 
Brandywine Realty Trust (SBI) 32,653 441,795 
Brixmor Property Group, Inc. 55,986 1,250,727 
Camden Property Trust (SBI) 18,390 2,215,626 
CareTrust (REIT), Inc. 18,091 437,440 
CatchMark Timber Trust, Inc. 8,488 98,715 
Centerspace 2,551 179,565 
Chatham Lodging Trust (a) 9,037 125,343 
City Office REIT, Inc. 8,627 94,293 
Colony Capital, Inc. 92,964 650,748 
Columbia Property Trust, Inc. 21,612 389,232 
Community Healthcare Trust, Inc. 4,254 216,614 
CorEnergy Infrastructure Trust, Inc. 2,800 16,968 
CoreSite Realty Corp. 8,083 982,004 
Corporate Office Properties Trust (SBI) 21,289 596,944 
Cousins Properties, Inc. 28,133 1,031,637 
CTO Realty Growth, Inc. 1,075 56,975 
CubeSmart 37,633 1,593,381 
CyrusOne, Inc. 22,598 1,645,812 
DiamondRock Hospitality Co. (a) 39,515 411,746 
Diversified Healthcare Trust (SBI) 45,963 202,927 
Douglas Emmett, Inc. 31,157 1,045,006 
Easterly Government Properties, Inc. 15,706 336,580 
EastGroup Properties, Inc. 7,485 1,187,570 
Empire State Realty Trust, Inc. 26,247 298,953 
EPR Properties 14,082 671,852 
Equity Commonwealth 22,561 649,757 
Equity Lifestyle Properties, Inc. 31,808 2,207,475 
Essential Properties Realty Trust, Inc. 21,769 570,130 
Farmland Partners, Inc. 4,789 63,837 
Federal Realty Investment Trust (SBI) 13,142 1,482,943 
First Industrial Realty Trust, Inc. 24,379 1,213,343 
Four Corners Property Trust, Inc. 14,385 415,295 
Franklin Street Properties Corp. 18,069 95,404 
Gaming & Leisure Properties 41,169 1,913,947 
Getty Realty Corp. 7,315 231,008 
Gladstone Commercial Corp. 7,628 160,493 
Gladstone Land Corp. 4,894 102,725 
Global Medical REIT, Inc. 9,509 136,549 
Global Net Lease, Inc. 17,207 330,374 
Healthcare Realty Trust, Inc. 26,630 856,421 
Healthcare Trust of America, Inc. 41,136 1,208,164 
Hersha Hospitality Trust 7,027 81,232 
Highwoods Properties, Inc. (SBI) 19,803 886,976 
Host Hotels & Resorts, Inc. 132,532 2,406,781 
Hudson Pacific Properties, Inc. 28,687 806,392 
Independence Realty Trust, Inc. 19,438 327,336 
Industrial Logistics Properties Trust 12,230 303,304 
Iron Mountain, Inc. 54,182 2,173,782 
iStar Financial, Inc. 13,822 255,845 
JBG SMITH Properties 20,890 681,223 
Kilroy Realty Corp. 19,958 1,367,921 
Kimco Realty Corp. 81,281 1,706,901 
Kite Realty Group Trust 15,767 328,111 
Lamar Advertising Co. Class A 16,291 1,613,461 
Lexington Corporate Properties Trust 51,814 634,203 
Life Storage, Inc. 14,199 1,363,956 
LTC Properties, Inc. 7,622 324,164 
Mack-Cali Realty Corp. 15,707 256,967 
Monmouth Real Estate Investment Corp. Class A 18,501 341,898 
National Health Investors, Inc. 8,714 639,695 
National Retail Properties, Inc. 33,068 1,535,017 
National Storage Affiliates Trust 12,214 555,004 
NETSTREIT Corp. 4,840 100,817 
New Senior Investment Group, Inc. 14,475 95,825 
NexPoint Residential Trust, Inc. 4,277 214,534 
Office Properties Income Trust 9,039 250,832 
Omega Healthcare Investors, Inc. 43,658 1,659,004 
One Liberty Properties, Inc. 2,797 69,561 
Outfront Media, Inc. 27,478 669,639 
Paramount Group, Inc. 30,700 325,727 
Park Hotels & Resorts, Inc. 44,521 993,264 
Pebblebrook Hotel Trust 24,563 586,564 
Physicians Realty Trust 40,207 753,077 
Piedmont Office Realty Trust, Inc. Class A 23,423 436,136 
Plymouth Industrial REIT, Inc. 5,764 107,441 
Potlatch Corp. 12,531 743,840 
Preferred Apartment Communities, Inc. Class A 9,612 98,042 
PS Business Parks, Inc. 3,871 628,534 
QTS Realty Trust, Inc. Class A 12,210 811,843 
Rayonier, Inc. 26,097 946,799 
Regency Centers Corp. 29,679 1,889,365 
Retail Opportunity Investments Corp. 22,072 388,467 
Retail Properties America, Inc. 40,631 476,602 
Retail Value, Inc. 2,936 54,698 
Rexford Industrial Realty, Inc. 24,844 1,380,084 
RLJ Lodging Trust 30,837 497,709 
RPT Realty 14,846 188,693 
Ryman Hospitality Properties, Inc. 10,369 815,522 
Sabra Health Care REIT, Inc. 39,743 722,130 
Safehold, Inc. 2,842 200,958 
Saul Centers, Inc. 2,400 103,632 
Seritage Growth Properties (a) 6,637 114,156 
Service Properties Trust 31,274 385,139 
SITE Centers Corp. 31,702 467,605 
SL Green Realty Corp. 13,036 964,794 
Spirit Realty Capital, Inc. 21,669 1,030,144 
Stag Industrial, Inc. 29,982 1,094,643 
Store Capital Corp. 45,285 1,620,750 
Summit Hotel Properties, Inc. (a) 19,997 203,369 
Sunstone Hotel Investors, Inc. 40,642 534,849 
Tanger Factory Outlet Centers, Inc. 17,630 307,644 
Terreno Realty Corp. 13,010 839,405 
The GEO Group, Inc. (b) 22,370 123,259 
The Macerich Co. 21,619 298,126 
UDR, Inc. 55,856 2,594,511 
UMH Properties, Inc. 7,667 165,071 
Uniti Group, Inc. 43,939 500,905 
Universal Health Realty Income Trust (SBI) 2,379 159,274 
Urban Edge Properties 20,521 386,821 
Urstadt Biddle Properties, Inc. Class A 5,762 104,696 
VEREIT, Inc. 42,933 2,053,915 
Vornado Realty Trust 29,550 1,351,913 
Washington Prime Group, Inc. (a) 3,175 7,811 
Washington REIT (SBI) 15,982 371,102 
Weingarten Realty Investors (SBI) 22,735 735,250 
Whitestone REIT Class B 8,726 85,253 
WP Carey, Inc. 33,040 2,474,366 
Xenia Hotels & Resorts, Inc. 21,663 420,912 
  91,342,435 
Real Estate Management & Development - 0.6%   
Cushman & Wakefield PLC (a) 20,204 343,468 
eXp World Holdings, Inc. (a)(b) 10,517 361,364 
Forestar Group, Inc. (a) 3,197 81,012 
Howard Hughes Corp. (a) 8,397 906,372 
Jones Lang LaSalle, Inc. (a) 9,608 1,805,439 
Kennedy-Wilson Holdings, Inc. 22,862 469,814 
Marcus & Millichap, Inc. (a) 4,431 156,503 
Newmark Group, Inc. 30,404 326,843 
RE/MAX Holdings, Inc. 3,387 124,405 
Realogy Holdings Corp. (a) 21,548 372,349 
Redfin Corp. (a) 19,334 1,368,461 
Tejon Ranch Co. (a) 3,438 54,389 
The RMR Group, Inc. 2,846 112,645 
The St. Joe Co. 5,936 271,809 
  6,754,873 
TOTAL REAL ESTATE  98,097,308 
UTILITIES - 3.0%   
Electric Utilities - 0.9%   
Allete, Inc. 9,774 687,699 
Avangrid, Inc. (b) 10,333 525,950 
Hawaiian Electric Industries, Inc. 20,589 886,562 
IDACORP, Inc. 9,502 973,765 
MGE Energy, Inc. 6,775 506,838 
NRG Energy, Inc. 46,045 1,649,332 
OGE Energy Corp. 37,346 1,253,332 
Otter Tail Corp. 7,652 361,404 
Pinnacle West Capital Corp. 21,156 1,790,855 
PNM Resources, Inc. 15,761 777,963 
Portland General Electric Co. 16,752 852,007 
Spark Energy, Inc. Class A, (b) 2,061 21,805 
  10,287,512 
Gas Utilities - 0.8%   
Atmos Energy Corp. 23,987 2,484,813 
Chesapeake Utilities Corp. 3,261 386,494 
National Fuel Gas Co. 17,085 848,441 
New Jersey Resources Corp. 18,082 758,540 
Northwest Natural Holding Co. 5,634 303,785 
ONE Gas, Inc. 9,970 802,286 
South Jersey Industries, Inc. (b) 19,007 470,423 
Southwest Gas Holdings, Inc. 10,766 750,606 
Spire, Inc. 9,658 727,634 
UGI Corp. 38,960 1,702,942 
  9,235,964 
Independent Power and Renewable Electricity Producers - 0.3%   
Clearway Energy, Inc.:   
Class A 7,397 196,612 
Class C 12,858 368,896 
Ormat Technologies, Inc. 8,485 614,314 
Sunnova Energy International, Inc. (a) 11,640 411,125 
Vistra Corp. 90,906 1,533,584 
  3,124,531 
Multi-Utilities - 0.7%   
Avista Corp. 12,977 597,202 
Black Hills Corp. 11,745 810,170 
CenterPoint Energy, Inc. 103,480 2,534,225 
MDU Resources Group, Inc. 37,766 1,263,650 
NiSource, Inc. 73,299 1,907,240 
NorthWestern Energy Corp. 9,601 653,156 
Unitil Corp. 2,738 157,791 
  7,923,434 
Water Utilities - 0.3%   
American States Water Co. 6,877 544,590 
Cadiz, Inc. (a)(b) 6,107 71,147 
California Water Service Group 9,464 556,010 
Essential Utilities, Inc. 41,768 1,968,526 
Middlesex Water Co. 3,293 270,092 
SJW Corp. 4,893 320,736 
York Water Co. 2,476 127,861 
  3,858,962 
TOTAL UTILITIES  34,430,403 
TOTAL COMMON STOCKS   
(Cost $959,726,477)  1,161,319,420 
Money Market Funds - 5.4%   
Fidelity Cash Central Fund 0.04% (e) 4,933,043 4,934,029 
Fidelity Securities Lending Cash Central Fund 0.04% (e)(f) 58,569,731 58,575,588 
TOTAL MONEY MARKET FUNDS   
(Cost $63,509,617)  63,509,617 
TOTAL INVESTMENT IN SECURITIES - 105.2%   
(Cost $1,023,236,094)  1,224,829,037 
NET OTHER ASSETS (LIABILITIES) - (5.2)%  (60,791,069) 
NET ASSETS - 100%  $1,164,037,968 

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) 6 June 2021 $678,450 $47,039 $47,039 
CME E-mini S&P MidCap 400 Index Contracts (United States) 4 June 2021 1,088,120 78,379 78,379 
TOTAL FUTURES CONTRACTS     $125,418 

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

Legend

 (a) Non-income producing

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

 (c) Level 3 security

 (d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,526,198 or 0.1% of net assets.

 (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 $2,086 
Fidelity Securities Lending Cash Central Fund 135,500 
Total $137,586 

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. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

The value, beginning of period, for the Fidelity Securities Lending Cash Central Fund was $27,789,230. Net realized gain (loss) and change in net unrealized appreciation (depreciation) on Fidelity Securities Lending Cash Central Fund is presented in the Statement of Operations, if applicable. Purchases and sales of the Fidelity Securities Lending Cash Central Fund were $151,261,994 and $120,475,636, respectively, during the period.

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2021, 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 $41,855,201 $41,833,123 $-- $22,078 
Consumer Discretionary 166,510,730 166,510,336 -- 394 
Consumer Staples 41,021,195 41,021,195 -- -- 
Energy 31,982,397 31,982,397 -- -- 
Financials 190,569,970 190,569,970 -- -- 
Health Care 153,180,376 153,141,886 -- 38,490 
Industrials 193,547,191 193,547,191 -- -- 
Information Technology 148,653,143 148,647,899 5,244 -- 
Materials 61,471,506 61,423,762 -- 47,744 
Real Estate 98,097,308 98,097,308 -- -- 
Utilities 34,430,403 34,430,403 -- -- 
Money Market Funds 63,509,617 63,509,617 -- -- 
Total Investments in Securities: $1,224,829,037 $1,224,715,087 $5,244 $108,706 
Derivative Instruments:     
Assets     
Futures Contracts $125,418 $125,418 $-- $-- 
Total Assets $125,418 $125,418 $-- $-- 
Total Derivative Instruments: $125,418 $125,418 $-- $-- 

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, 2021. 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) $125,418 $0 
Total Equity Risk 125,418 0 
Total Value of Derivatives $125,418 $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 Total accumulated earnings (loss).

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, 2021 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $56,357,542) — See accompanying schedule:
Unaffiliated issuers (cost $959,726,477) 		$1,161,319,420  
Fidelity Central Funds (cost $63,509,617) 63,509,617  
Total Investment in Securities (cost $1,023,236,094)  $1,224,829,037 
Segregated cash with brokers for derivative instruments  258,501 
Cash  29,073 
Foreign currency held at value (cost $523)  523 
Receivable for fund shares sold  4,527,715 
Dividends receivable  307,390 
Distributions receivable from Fidelity Central Funds  18,429 
Total assets  1,229,970,668 
Liabilities   
Payable for investments purchased $7,012,717  
Payable for fund shares redeemed 274,806  
Payable for daily variation margin on futures contracts 69,102  
Collateral on securities loaned 58,576,075  
Total liabilities  65,932,700 
Net Assets  $1,164,037,968 
Net Assets consist of:   
Paid in capital  $882,065,403 
Total accumulated earnings (loss)  281,972,565 
Net Assets  $1,164,037,968 
Net Asset Value, offering price and redemption price per share ($1,164,037,968 ÷ 85,635,835 shares)  $13.59 

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


Statement of Operations

  Six months ended April 30, 2021 (Unaudited) 
Investment Income   
Dividends  $5,395,332 
Interest  66 
Income from Fidelity Central Funds (including $135,500 from security lending)  137,586 
Total income  5,532,984 
Expenses   
Independent trustees' fees and expenses $1,665  
Total expenses before reductions 1,665  
Expense reductions (54)  
Total expenses after reductions  1,611 
Net investment income (loss)  5,531,373 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 80,259,594  
Fidelity Central Funds (21)  
Foreign currency transactions 73  
Futures contracts 1,302,824  
Total net realized gain (loss)  81,562,470 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 209,103,562  
Assets and liabilities in foreign currencies 4  
Futures contracts 102,351  
Total change in net unrealized appreciation (depreciation)  209,205,917 
Net gain (loss)  290,768,387 
Net increase (decrease) in net assets resulting from operations  $296,299,760 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2021 (Unaudited) Year ended October 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $5,531,373 $8,066,225 
Net realized gain (loss) 81,562,470 8,904,214 
Change in net unrealized appreciation (depreciation) 209,205,917 (19,965,836) 
Net increase (decrease) in net assets resulting from operations 296,299,760 (2,995,397) 
Distributions to shareholders (15,855,199) (9,015,399) 
Share transactions   
Proceeds from sales of shares 370,372,942 357,798,175 
Reinvestment of distributions 15,286,618 8,606,523 
Cost of shares redeemed (93,609,140) (214,889,672) 
Net increase (decrease) in net assets resulting from share transactions 292,050,420 151,515,026 
Total increase (decrease) in net assets 572,494,981 139,504,230 
Net Assets   
Beginning of period 591,542,987 452,038,757 
End of period $1,164,037,968 $591,542,987 
Other Information   
Shares   
Sold 29,501,390 39,795,943 
Issued in reinvestment of distributions 1,368,942 868,467 
Redeemed (7,610,735) (25,092,353) 
Net increase (decrease) 23,259,597 15,572,057 

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,   
 2021 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.48 $9.66 $8.99 $10.00 
Income from Investment Operations     
Net investment income (loss)B .08 .14 .15 .02 
Net realized and unrealized gain (loss) 4.28 (.14) .56 (1.03) 
Total from investment operations 4.36 – .71 (1.01) 
Distributions from net investment income (.14) (.13) (.04) – 
Distributions from net realized gain (.11) (.06) – – 
Total distributions (.25) (.18)C (.04) – 
Net asset value, end of period $13.59 $9.48 $9.66 $8.99 
Total ReturnD,E 46.54% (.06)% 7.97% (10.10)% 
Ratios to Average Net AssetsF,G     
Expenses before reductions - %H -% -% - %H 
Expenses net of fee waivers, if any - %H -% -% - %H 
Expenses net of all reductions - %H -% -% - %H 
Net investment income (loss) 1.24%H 1.55% 1.64% 1.31%H 
Supplemental Data     
Net assets, end of period (000 omitted) $1,164,038 $591,543 $452,039 $68,589 
Portfolio turnover rateI 42%H 26% 14% - %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 distributions per share do not sum due to rounding.

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

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

 F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 H Annualized

 I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 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, 2021

 % of fund's net assets 
Tencent Holdings Ltd. (Cayman Islands, Interactive Media & Services) 1.7 
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet & Direct Marketing Retail) 1.5 
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) 1.4 
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) 1.3 
Nestle SA (Reg. S) (Switzerland, Food Products) 1.2 
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) 0.9 
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) 0.8 
Novartis AG (Switzerland, Pharmaceuticals) 0.7 
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) 0.7 
Toyota Motor Corp. (Japan, Automobiles) 0.7 
 10.9 

Top Market Sectors as of April 30, 2021

 % of fund's net assets 
Financials 20.1 
Consumer Discretionary 13.1 
Industrials 12.0 
Information Technology 12.3 
Health Care 8.9 
Materials 8.1 
Consumer Staples 7.3 
Communication Services 7.6 
Energy 4.1 
Utilities 2.4 

Geographic Diversification (% of fund's net assets)

As of April 30, 2021 
   Japan 16.1% 
   United Kingdom 8.5% 
   Cayman Islands 7.4% 
   Canada 7.0% 
   France 5.8% 
   Switzerland 5.4% 
   Germany 5.3% 
   Australia 4.5% 
   Korea (South) 4.3% 
   Other* 35.7% 


 * 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, 2021

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

Fidelity ZERO℠ International Index Fund

Schedule of Investments April 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.5%   
 Shares Value 
Australia - 4.5%   
Afterpay Ltd. (a) 21,382 $1,937,887 
AGL Energy Ltd. 56,394 387,947 
ALS Ltd. 46,692 379,115 
Altium Ltd. 11,169 255,110 
Alumina Ltd. 206,910 275,750 
AMP Ltd. 310,715 266,886 
Ampol Ltd. 21,480 423,441 
Ansell Ltd. 11,301 367,904 
APA Group unit 110,269 852,006 
ARB Corp. Ltd. 6,639 200,125 
Aristocrat Leisure Ltd. 58,384 1,671,762 
ASX Ltd. 18,004 1,012,187 
Atlas Arteria Ltd. unit 86,415 402,082 
Aurizon Holdings Ltd. 162,691 469,984 
AusNet Services 155,932 227,632 
Australia & New Zealand Banking Group Ltd. 258,929 5,732,652 
Bank of Queensland Ltd. 61,142 424,849 
Beach Energy Ltd. 147,529 144,902 
Bendigo & Adelaide Bank Ltd. 47,887 381,071 
BHP Billiton Ltd. 268,250 9,763,194 
BlueScope Steel Ltd. 46,496 774,389 
Boral Ltd. 92,810 443,276 
Brambles Ltd. 136,782 1,095,848 
Breville Group Ltd. 8,697 174,662 
Carsales.com Ltd. 22,212 340,338 
Challenger Ltd. 48,207 189,766 
Charter Hall Group unit 42,948 463,190 
Cleanaway Waste Management Ltd. 185,792 407,906 
Coca-Cola Amatil Ltd. 43,413 436,735 
Cochlear Ltd. 6,089 1,043,672 
Coles Group Ltd. 123,089 1,547,489 
Commonwealth Bank of Australia 161,371 11,068,754 
Computershare Ltd. 50,891 553,559 
Crown Ltd. 31,683 298,254 
CSL Ltd. 41,468 8,662,172 
CSR Ltd. 41,757 192,040 
DEXUS Property Group unit 96,316 754,584 
Dominos Pizza Enterprises Ltd. 5,564 457,126 
Downer EDI Ltd. 59,129 256,447 
Evolution Mining Ltd. 150,514 536,841 
Fortescue Metals Group Ltd. 151,545 2,637,217 
Goodman Group unit 154,267 2,247,257 
Harvey Norman Holdings Ltd. 59,947 243,370 
IDP Education Ltd. 14,201 248,551 
IGO Ltd. 62,833 362,541 
Iluka Resources Ltd. 35,602 212,277 
Incitec Pivot Ltd. (a) 172,678 352,510 
Insurance Australia Group Ltd. 221,018 834,280 
JB Hi-Fi Ltd. 10,376 369,923 
Lendlease Group unit 65,022 636,640 
Lynas Rare Earths Ltd. (a) 81,114 343,674 
Macquarie Group Ltd. 31,029 3,836,223 
Magellan Financial Group Ltd. 12,926 482,941 
Medibank Private Ltd. 245,577 582,675 
Metcash Ltd. 90,356 247,100 
Mineral Resources Ltd. 14,903 548,195 
Mirvac Group unit 368,188 762,974 
National Australia Bank Ltd. 299,774 6,156,618 
Newcrest Mining Ltd. 74,778 1,527,691 
NEXTDC Ltd. (a) 39,648 353,991 
Nine Entertainment Co. Holdings Ltd. 127,344 279,583 
Northern Star Resources Ltd. 106,940 865,827 
Orica Ltd. 36,088 376,973 
Origin Energy Ltd. 155,741 499,096 
OZ Minerals Ltd. 29,726 548,212 
Qantas Airways Ltd. 174,798 666,545 
QBE Insurance Group Ltd. 131,839 1,001,403 
Qube Holdings Ltd. 176,280 408,750 
Ramsay Health Care Ltd. 16,639 862,898 
REA Group Ltd. 4,447 542,467 
Reliance Worldwide Corp. Ltd. 72,803 276,493 
Rio Tinto Ltd. 33,804 3,154,856 
Santos Ltd. 167,672 901,580 
Scentre Group unit 465,560 975,512 
SEEK Ltd. 31,546 752,616 
Seven Group Holdings Ltd. 24,110 400,065 
Sonic Healthcare Ltd. 44,168 1,220,811 
South32 Ltd. 428,106 949,799 
Spark Infrastructure Group unit 150,106 253,239 
Steadfast Group Ltd. 73,231 235,244 
Stockland Corp. Ltd. unit 222,593 802,501 
Suncorp Group Ltd. 118,909 962,732 
Sydney Airport unit (a) 242,032 1,154,121 
Tabcorp Holdings Ltd. 204,713 783,772 
Telstra Corp. Ltd. 1,087,904 2,841,047 
The GPT Group unit 183,856 654,347 
The Star Entertainment Group Ltd. 71,689 219,798 
Transurban Group unit 250,865 2,738,407 
Treasury Wine Estates Ltd. 67,067 518,717 
Vicinity Centres unit 351,142 428,746 
Washington H. Soul Pattinson & Co. Ltd. 10,510 245,077 
Wesfarmers Ltd. 103,001 4,293,456 
Westpac Banking Corp. 333,883 6,434,153 
WiseTech Global Ltd. 13,954 337,856 
Woodside Petroleum Ltd. 88,720 1,562,377 
Woolworths Group Ltd. 115,650 3,501,275 
WorleyParsons Ltd. 28,435 237,887 
Zip Co. Ltd. (a) 35,884 222,805 
TOTAL AUSTRALIA  121,371,225 
Austria - 0.2%   
Andritz AG 6,334 344,200 
BAWAG Group AG (b) 6,710 362,535 
BUWOG AG rights (a)(c) 1,060 0 
CA Immobilien Anlagen AG 5,945 260,522 
Erste Group Bank AG 27,253 969,842 
IMMOFINANZ Immobilien Anlagen AG (a) 14,415 299,990 
Lenzing AG 1,224 161,577 
Mayr-Melnhof Karton AG 740 153,556 
Oesterreichische Post AG 2,935 130,029 
OMV AG 12,809 631,538 
Raiffeisen International Bank-Holding AG 12,044 263,389 
Verbund AG 6,139 504,096 
Voestalpine AG 10,091 437,962 
Wienerberger AG 10,696 419,469 
TOTAL AUSTRIA  4,938,705 
Bailiwick of Jersey - 0.5%   
Clarivate Analytics PLC (a) 24,066 672,163 
Experian PLC 83,909 3,234,825 
Ferguson PLC 21,102 2,661,331 
Glencore Xstrata PLC 995,334 4,054,417 
Polymetal International PLC 25,674 530,261 
WPP PLC 112,688 1,519,273 
TOTAL BAILIWICK OF JERSEY  12,672,270 
Belgium - 0.6%   
Ackermans & Van Haaren SA 1,968 314,682 
Aedifica SA 2,848 347,879 
Ageas 16,527 1,000,632 
Anheuser-Busch InBev SA NV 77,110 5,461,895 
Cofinimmo SA 2,562 392,721 
Colruyt NV 6,068 359,875 
D'ieteren SA 1,989 216,052 
Elia System Operator SA/NV 3,308 357,934 
Galapagos Genomics NV (a) 4,339 337,814 
Groupe Bruxelles Lambert SA 10,766 1,177,593 
KBC Groep NV 30,877 2,398,815 
Melexis NV 1,587 172,862 
Proximus 13,981 298,017 
Sofina SA 1,383 525,749 
Solvay SA Class A 6,580 836,963 
Telenet Group Holding NV 4,163 178,277 
UCB SA 11,908 1,103,221 
Umicore SA 18,311 1,112,624 
Warehouses de Pauw 12,302 433,645 
Warehouses de Pauw rights 5/21/21 (a)(d) 12,302 11,832 
TOTAL BELGIUM  17,039,082 
Bermuda - 0.3%   
Alibaba Health Information Technology Ltd. (a) 384,000 1,171,613 
Brilliance China Automotive Holdings Ltd. (c) 232,000 218,030 
China Gas Holdings Ltd. 189,200 683,217 
China Resource Gas Group Ltd. 78,000 423,250 
China Youzan Ltd. (a) 1,320,000 426,533 
Credicorp Ltd. (United States) 5,941 709,355 
Hiscox Ltd. (a) 33,489 375,550 
Hongkong Land Holdings Ltd. 103,339 511,528 
Jardine Matheson Holdings Ltd. 23,861 1,604,414 
Kunlun Energy Co. Ltd. 348,000 373,637 
Man Wah Holdings Ltd. 119,600 251,587 
Nine Dragons Paper (Holdings) Ltd. 143,000 196,613 
TOTAL BERMUDA  6,945,327 
Brazil - 1.1%   
Ambev SA 396,100 1,089,411 
Atacadao SA 32,500 129,951 
B2W Companhia Global do Varejo (a) 20,268 251,184 
B3 SA - Brasil Bolsa Balcao 190,000 1,801,346 
Banco Bradesco SA 132,963 505,950 
Banco do Brasil SA 127,800 697,341 
Banco Inter SA unit 13,220 563,889 
BB Seguridade Participacoes SA 59,500 244,592 
BR Malls Participacoes SA (a) 62,900 110,236 
BRF SA (a) 67,100 256,811 
BTG Pactual Participations Ltd. unit 22,000 436,391 
CCR SA 93,000 206,132 
Centrais Eletricas Brasileiras SA (Electrobras) 30,951 209,624 
Cogna Educacao (a) 184,400 131,374 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar 13,500 101,224 
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 32,200 253,590 
Companhia Siderurgica Nacional SA (CSN) 57,400 519,786 
Compania de Locacao das Americas 26,800 130,101 
Cosan SA 22,000 364,746 
Cyrela Brazil Realty SA 28,900 125,186 
Energisa SA unit 26,800 217,378 
Eneva SA (a) 84,400 227,934 
ENGIE Brasil Energia SA 21,150 158,351 
Equatorial Energia SA 73,400 339,026 
Hapvida Participacoes e Investimentos SA (b) 102,900 273,539 
Hypermarcas SA 36,800 234,808 
JBS SA 84,700 469,650 
Klabin SA unit (a) 65,500 335,938 
Localiza Rent A Car SA 55,930 662,052 
Locaweb Servicos de Internet SA (b) 38,100 201,791 
Lojas Renner SA 71,800 534,001 
Magazine Luiza SA 245,580 905,545 
Natura & Co. Holding SA (a) 76,488 686,302 
Notre Dame Intermedica Participacoes SA 47,360 708,563 
Oi SA (a) 523,800 163,927 
Petro Rio SA (a) 11,800 198,939 
Petrobras Distribuidora SA 62,800 260,238 
Petroleo Brasileiro SA - Petrobras (ON) 337,500 1,435,232 
Qualicorp Consultoria E Corret 20,900 104,076 
Raia Drogasil SA 104,700 506,919 
Rede D'Oregon Sao Luiz SA (b) 60,600 802,117 
Rumo SA (a) 106,600 392,485 
Sendas Distribuidora SA 13,500 201,032 
Sul America SA unit 28,550 171,919 
Suzano Papel e Celulose SA (a) 63,353 800,886 
Telefonica Brasil SA 39,800 316,521 
Terna Participacoes SA unit 29,100 223,927 
TIM SA 72,300 162,248 
Totvs SA 44,300 253,630 
Ultrapar Participacoes SA 71,000 275,920 
Vale SA 313,000 6,281,838 
Via Varejo SA (a) 129,386 281,779 
Weg SA 132,700 855,262 
YDUQS Participacoes SA 22,600 121,736 
TOTAL BRAZIL  27,894,374 
British Virgin Islands - 0.0%   
Mail.Ru Group Ltd. GDR (Reg. S) (a) 8,914 198,782 
Nomad Foods Ltd. (a) 14,070 410,281 
TOTAL BRITISH VIRGIN ISLANDS  609,063 
Canada - 6.8%   
Agnico Eagle Mines Ltd. (Canada) 22,355 1,397,153 
Air Canada (a) 31,251 629,774 
Alamos Gold, Inc. 36,314 291,008 
Algonquin Power & Utilities Corp. 56,310 908,455 
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 77,328 2,620,275 
AltaGas Ltd. 25,603 478,461 
Aphria, Inc. (a) 27,733 425,985 
B2Gold Corp. 95,027 457,682 
Ballard Power Systems, Inc. (a) 21,494 469,348 
Bank of Montreal 59,017 5,570,160 
Bank of Nova Scotia 110,321 7,025,037 
Barrick Gold Corp. (Canada) 162,471 3,461,836 
Bausch Health Cos., Inc. (Canada) (a) 28,939 931,633 
BCE, Inc. 82,627 3,905,649 
BlackBerry Ltd. (a) 45,366 401,195 
Boralex, Inc. Class A 7,396 237,076 
Boyd Group Services, Inc. 1,993 370,160 
Brookfield Asset Management, Inc. (Canada) Class A 127,959 5,832,927 
Brookfield Renewable Corp. 10,873 450,701 
BRP, Inc. 3,872 355,714 
CAE, Inc. 26,095 817,360 
Cameco Corp. 36,864 619,624 
Canadian Apartment Properties (REIT) unit 16,272 723,347 
Canadian Imperial Bank of Commerce 40,658 4,226,725 
Canadian National Railway Co. 64,880 6,984,966 
Canadian Natural Resources Ltd. 108,694 3,299,331 
Canadian Pacific Railway Ltd. 12,177 4,544,369 
Canadian Tire Ltd. Class A (non-vtg.) 5,319 847,820 
Canadian Utilities Ltd. Class A (non-vtg.) 11,412 326,163 
Capital Power Corp. 9,269 295,531 
Cargojet, Inc. 1,441 212,185 
CCL Industries, Inc. Class B 13,269 753,186 
Cenovus Energy, Inc. (Canada) 117,063 911,437 
CGI, Inc. Class A (sub. vtg.) (a) 20,447 1,809,064 
Colliers International Group, Inc. 2,651 286,937 
Constellation Software, Inc. 1,824 2,676,946 
Descartes Systems Group, Inc. (Canada) (a) 7,423 474,857 
Dollarama, Inc. 26,409 1,230,694 
Element Fleet Management Corp. 39,209 480,084 
Emera, Inc. 23,494 1,067,900 
Empire Co. Ltd. Class A (non-vtg.) 15,927 500,946 
Enbridge, Inc. 184,746 7,125,906 
Fairfax Financial Holdings Ltd. (sub. vtg.) 2,496 1,140,385 
Finning International, Inc. 14,844 386,332 
First Majestic Silver Corp. 17,016 257,770 
First Quantum Minerals Ltd. 50,642 1,167,220 
FirstService Corp. 3,363 546,277 
Fortis, Inc. 42,908 1,914,043 
Franco-Nevada Corp. 17,451 2,431,058 
George Weston Ltd. 6,588 581,699 
Gildan Activewear, Inc. 18,411 638,989 
Great-West Lifeco, Inc. 24,973 724,108 
Hydro One Ltd. (b) 27,595 661,615 
iA Financial Corp, Inc. 9,859 555,213 
Imperial Oil Ltd. 20,186 583,007 
Intact Financial Corp. 13,093 1,740,336 
Inter Pipeline Ltd. 38,489 561,138 
Ivanhoe Mines Ltd. (a) 51,081 360,308 
Keyera Corp. 19,649 449,362 
Kinaxis, Inc. (a) 2,328 300,273 
Kinross Gold Corp. 116,704 821,291 
Kirkland Lake Gold Ltd. 24,110 895,825 
Lightspeed POS, Inc. (Canada) (a) 8,233 574,900 
Loblaw Companies Ltd. 15,238 846,108 
Lundin Mining Corp. 59,190 715,105 
Magna International, Inc. Class A (sub. vtg.) 25,060 2,366,648 
Manulife Financial Corp. 177,450 3,874,839 
Metro, Inc. Class A (sub. vtg.) 22,648 1,037,738 
National Bank of Canada 30,776 2,237,435 
Northland Power, Inc. 17,753 611,530 
Nutrien Ltd. 52,170 2,879,823 
Onex Corp. (sub. vtg.) 7,017 469,779 
Open Text Corp. 25,536 1,202,476 
Pan American Silver Corp. 19,460 619,217 
Parkland Corp. 13,724 440,812 
Pembina Pipeline Corp. 50,937 1,572,265 
Power Corp. of Canada (sub. vtg.) 52,775 1,537,115 
Premium Brands Holdings Corp. 3,257 316,836 
Primo Water Corp. 14,104 236,101 
Quebecor, Inc. Class B (sub. vtg.) 15,660 421,074 
Restaurant Brands International, Inc. 28,025 1,924,574 
Ritchie Bros. Auctioneers, Inc. 9,913 630,596 
Rogers Communications, Inc. Class B (non-vtg.) 32,359 1,593,796 
Royal Bank of Canada 129,339 12,344,106 
Saputo, Inc. 21,415 680,527 
Shaw Communications, Inc. Class B 41,433 1,200,028 
Shopify, Inc. Class A (a) 10,247 12,095,653 
SNC-Lavalin Group, Inc. 16,687 373,206 
SSR Mining, Inc. 20,671 328,106 
Stantec, Inc. 10,128 474,203 
Sun Life Financial, Inc. 53,467 2,884,430 
Suncor Energy, Inc. 140,077 2,996,074 
TC Energy Corp. 89,456 4,425,676 
Teck Resources Ltd. Class B (sub. vtg.) 42,904 907,890 
TELUS Corp. 123,685 2,565,974 
TFI International, Inc. (Canada) 7,951 696,679 
The Toronto-Dominion Bank 165,233 11,359,223 
Thomson Reuters Corp. 15,467 1,434,392 
TMX Group Ltd. 4,548 501,181 
Toromont Industries Ltd. 7,270 579,636 
Tourmaline Oil Corp. 24,394 526,322 
Waste Connection, Inc. (Canada) 24,141 2,875,748 
West Fraser Timber Co. Ltd. 7,209 556,591 
Wheaton Precious Metals Corp. 41,234 1,710,549 
WSP Global, Inc. 6,415 666,108 
Yamana Gold, Inc. 89,323 409,135 
TOTAL CANADA  181,852,060 
Cayman Islands - 7.4%   
21Vianet Group, Inc. ADR (a) 8,220 229,420 
AAC Technology Holdings, Inc. 63,500 352,500 
Airtac International Group 13,000 548,935 
Akeso, Inc. (b) 53,000 363,329 
Alchip Technologies Ltd. 5,000 88,925 
Alibaba Group Holding Ltd. sponsored ADR (a) 167,601 38,707,451 
Anta Sports Products Ltd. 82,000 1,472,627 
ASM Pacific Technology Ltd. 27,500 417,045 
Autohome, Inc. ADR Class A 5,067 469,863 
Baidu.com, Inc. sponsored ADR (a) 24,882 5,233,431 
BeiGene Ltd. ADR (a) 3,609 1,239,836 
Bilibili, Inc. ADR (a)(e) 20,393 2,260,768 
BizLink Holding, Inc. 13,000 121,417 
Chailease Holding Co. Ltd. 117,285 847,793 
China Conch Venture Holdings Ltd. 151,500 716,762 
China Feihe Ltd. (b) 257,000 732,844 
China Literature Ltd. (a)(b) 32,400 337,858 
China Mengniu Dairy Co. Ltd. 252,000 1,349,580 
China Resources Land Ltd. 262,000 1,229,429 
CIFI Holdings Group Co. Ltd. 339,976 304,185 
CK Asset Holdings Ltd. 223,500 1,402,675 
CK Hutchison Holdings Ltd. 246,500 2,021,441 
Country Garden Holdings Co. Ltd. 647,140 770,628 
Country Garden Services Holdings Co. Ltd. 138,000 1,447,910 
Daqo New Energy Corp. ADR (a) 4,513 363,251 
ENN Energy Holdings Ltd. 69,800 1,189,729 
ESR Cayman Ltd. (a)(b) 85,800 293,263 
Futu Holdings Ltd. ADR (a)(e) 5,764 857,568 
GCL-Poly Energy Holdings Ltd. (a)(c)(e) 1,563,000 398,409 
GDS Holdings Ltd. ADR (a) 10,633 882,220 
Geely Automobile Holdings Ltd. 521,000 1,351,505 
General Interface Solution Holding Ltd. 22,000 97,227 
GSX Techedu, Inc. ADR (a)(e) 9,835 314,228 
Hansoh Pharmaceutical Group Co. Ltd. (b) 98,000 423,276 
Hengan International Group Co. Ltd. 65,500 424,566 
Himax Technologies, Inc. sponsored ADR (a) 11,901 156,141 
Huazhu Group Ltd. ADR (a) 12,914 761,409 
Innovent Biologics, Inc. (a)(b) 79,000 858,370 
iQIYI, Inc. ADR (a) 30,188 444,065 
JD.com, Inc. sponsored ADR (a) 81,893 6,335,242 
JOYY, Inc. ADR 4,967 472,163 
KE Holdings, Inc. ADR (a) 14,306 744,627 
Kingboard Chemical Holdings Ltd. 64,000 379,003 
Kingdee International Software Group Co. Ltd. 218,000 721,264 
Kingsoft Corp. Ltd. 85,000 601,847 
Li Ning Co. Ltd. 189,500 1,546,690 
Longfor Properties Co. Ltd. (b) 146,500 913,768 
Meituan Class B (a)(b) 381,000 14,616,588 
Melco Crown Entertainment Ltd. sponsored ADR (a) 19,774 381,440 
Microport Scientific Corp. 57,000 411,664 
Minth Group Ltd. 62,000 251,823 
Momo, Inc. ADR 15,658 229,546 
NetEase, Inc. ADR 36,620 4,103,637 
New Oriental Education & Technology Group, Inc. sponsored ADR 137,121 2,092,466 
NIO, Inc. sponsored ADR (a) 117,856 4,695,383 
PagSeguro Digital Ltd. (a) 16,562 757,546 
Parade Technologies Ltd. 7,000 346,931 
Pinduoduo, Inc. ADR (a) 31,870 4,268,349 
Ping An Healthcare and Technology Co. Ltd. (a)(b) 54,000 632,616 
Pop Mart International Group Ltd. (b) 22,200 183,768 
RLX Technology, Inc. ADR (e) 10,464 113,953 
Sands China Ltd. (a) 223,200 1,060,292 
Sapiens International Corp. NV 3,012 100,420 
Sea Ltd. ADR (a) 32,737 8,267,402 
Shenzhou International Group Holdings Ltd. 69,100 1,520,131 
Shimao Property Holdings Ltd. 107,000 309,935 
Silicon Motion Tech Corp. sponsored ADR 2,922 209,858 
Sino Biopharmaceutical Ltd. 933,500 1,005,876 
SITC International Holdings Co. Ltd. 122,000 465,682 
Smoore International Holdings Ltd. (b) 153,000 1,084,310 
StoneCo Ltd. Class A (a) 18,166 1,174,250 
Sunac China Holdings Ltd. 232,000 903,479 
Sunny Optical Technology Group Co. Ltd. 65,700 1,601,954 
TAL Education Group ADR (a) 36,587 2,083,630 
Tencent Holdings Ltd. 550,600 43,922,486 
Tencent Music Entertainment Group ADR (a) 38,264 666,559 
Tingyi (Cayman Islands) Holding Corp. 162,000 291,559 
Trip.com Group Ltd. ADR (a) 41,837 1,634,990 
Vipshop Holdings Ltd. ADR (a) 35,491 1,092,058 
Want Want China Holdings Ltd. 558,000 404,434 
Weibo Corp. sponsored ADR (a)(e) 5,253 264,751 
Weimob, Inc. (a)(b) 135,000 298,233 
WH Group Ltd. (b) 877,000 766,609 
Wharf Real Estate Investment Co. Ltd. 155,000 891,957 
Wuxi Biologics (Cayman), Inc. (a)(b) 296,500 4,162,206 
Xinyi Glass Holdings Ltd. 234,000 829,931 
Xinyi Solar Holdings Ltd. 389,895 652,523 
XPeng, Inc. ADR (a)(e) 15,310 457,922 
Yadea Group Holdings Ltd. (b) 90,000 196,968 
Yihai International Holding Ltd. 39,000 380,071 
Zai Lab Ltd. ADR (a) 6,816 1,132,887 
Zhen Ding Technology Holding Ltd. 51,000 193,451 
Zhongsheng Group Holdings Ltd. Class H 47,500 359,869 
ZTO Express, Inc. sponsored ADR 57,666 1,854,539 
TOTAL CAYMAN ISLANDS  196,523,415 
Chile - 0.1%   
Aguas Andinas SA 203,700 57,895 
Banco de Chile 3,996,885 427,959 
Banco de Credito e Inversiones 4,988 231,634 
Banco Santander Chile 5,527,236 303,297 
CAP SA 7,719 137,605 
Cencosud SA 118,683 246,390 
Colbun SA 505,813 86,825 
Compania Cervecerias Unidas SA 13,711 126,166 
Empresa Nacional de Telecomunicaciones SA (ENTEL) 7,946 44,620 
Empresas CMPC SA 98,054 272,476 
Empresas COPEC SA 33,871 364,764 
Enel Americas SA 1,712,639 243,788 
Enel Chile SA 2,609,556 178,075 
Falabella SA 67,113 303,115 
Parque Arauco SA 74,549 115,705 
TOTAL CHILE  3,140,314 
China - 1.6%   
Agricultural Bank of China Ltd. (H Shares) 2,570,000 999,183 
Anhui Conch Cement Co. Ltd. (H Shares) 106,000 633,864 
Bank of China Ltd. (H Shares) 6,981,000 2,777,032 
Bank of Communications Co. Ltd. (H Shares) 1,939,000 1,240,621 
BYD Co. Ltd. (H Shares) 68,207 1,418,333 
China CITIC Bank Corp. Ltd. (H Shares) 1,040,000 544,920 
China Construction Bank Corp. (H Shares) 8,976,000 7,085,131 
China International Capital Corp. Ltd. (H Shares) (b) 120,800 303,565 
China Life Insurance Co. Ltd. (H Shares) 681,000 1,380,489 
China Longyuan Power Grid Corp. Ltd. (H Shares) 280,000 412,372 
China Merchants Bank Co. Ltd. (H Shares) 343,500 2,770,464 
China Minsheng Banking Corp. Ltd. (H Shares) 521,500 267,875 
China National Building Materials Co. Ltd. (H Shares) 344,000 498,657 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 248,800 900,039 
China Petroleum & Chemical Corp. (H Shares) 2,338,000 1,153,115 
China Shenhua Energy Co. Ltd. (H Shares) 312,000 649,863 
China Tower Corp. Ltd. (H Shares) (b) 4,200,000 605,581 
China Vanke Co. Ltd. (H Shares) 169,100 592,130 
CITIC Securities Co. Ltd. (H Shares) 204,500 493,364 
Fuyao Glass Industries Group Co. Ltd. (H Shares) (b) 45,200 262,725 
Great Wall Motor Co. Ltd. (H Shares) 278,500 689,102 
Guangzhou Automobile Group Co. Ltd. (H Shares) 250,000 213,382 
Haier Smart Home Co. Ltd. (a) 178,200 770,818 
Hangzhou Tigermed Consulting Co. Ltd. (H Shares) (a)(b) 10,800 212,170 
Industrial & Commercial Bank of China Ltd. (H Shares) 6,791,000 4,423,734 
New China Life Insurance Co. Ltd. (H Shares) 69,900 269,512 
Nongfu Spring Co. Ltd. (H Shares) (b)(e) 144,200 763,906 
PetroChina Co. Ltd. (H Shares) 1,922,000 700,236 
PICC Property & Casualty Co. Ltd. (H Shares) 618,000 607,041 
Ping An Insurance Group Co. of China Ltd. (H Shares) 502,500 5,478,393 
Postal Savings Bank of China Co. Ltd. (H Shares) (b) 782,000 509,404 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 212,000 475,432 
Sinopharm Group Co. Ltd. (H Shares) 123,200 382,237 
Tsingtao Brewery Co. Ltd. (H Shares) 40,000 363,039 
Weichai Power Co. Ltd. (H Shares) 172,000 398,126 
WuXi AppTec Co. Ltd. (H Shares) (b) 27,820 657,917 
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) 47,300 188,768 
Zijin Mining Group Co. Ltd. (H Shares) 530,000 746,445 
TOTAL CHINA  42,838,985 
Colombia - 0.0%   
Bancolombia SA 23,055 171,501 
Grupo de Inversiones Suramerica SA 23,757 121,276 
Interconexion Electrica SA ESP 40,328 229,721 
TOTAL COLOMBIA  522,498 
Czech Republic - 0.0%   
CEZ A/S 13,637 380,057 
Komercni Banka A/S (a) 6,853 207,875 
MONETA Money Bank A/S (a)(b) 43,521 161,856 
TOTAL CZECH REPUBLIC  749,788 
Denmark - 1.4%   
A.P. Moller - Maersk A/S:   
Series A 290 682,171 
Series B 574 1,427,899 
Ambu A/S Series B 15,740 881,994 
Ascendis Pharma A/S sponsored ADR (a) 4,083 591,913 
Carlsberg A/S Series B 9,266 1,626,127 
Christian Hansen Holding A/S (a) 9,451 868,794 
Coloplast A/S Series B 10,894 1,804,478 
Danske Bank A/S 62,624 1,195,196 
Demant A/S (a) 9,285 465,646 
DSV Panalpina A/S 18,613 4,151,168 
Genmab A/S (a) 5,978 2,193,886 
GN Store Nord A/S 13,141 1,186,331 
Novo Nordisk A/S Series B 152,042 11,215,755 
Novozymes A/S Series B 19,235 1,369,220 
ORSTED A/S (b) 16,502 2,406,975 
Pandora A/S 9,199 1,044,023 
Royal Unibrew A/S 3,861 471,280 
SimCorp A/S 3,607 476,781 
Tryg A/S 28,336 648,456 
Vestas Wind Systems A/S 92,036 3,841,901 
TOTAL DENMARK  38,549,994 
Egypt - 0.0%   
Commercial International Bank SAE 139,772 508,749 
Finland - 0.8%   
Elisa Corp. (A Shares) 13,343 757,004 
Fortum Corp. 39,667 1,042,019 
Huhtamaki Oyj 9,099 431,664 
Kesko Oyj 25,359 772,562 
Kojamo OYJ 11,720 254,049 
Kone OYJ (B Shares) 36,599 2,875,035 
Metso Outotec Oyj 64,768 727,592 
Neste Oyj 39,352 2,384,471 
Nokia Corp. (a) 518,336 2,455,335 
Nokian Tyres PLC 11,623 432,907 
Nordea Bank ABP (Stockholm Stock Exchange) 309,225 3,204,988 
Orion Oyj (B Shares) 9,903 438,494 
Sampo Oyj (A Shares) 45,868 2,178,771 
Stora Enso Oyj (R Shares) 56,726 1,086,407 
TietoEVRY Oyj 9,376 324,642 
UPM-Kymmene Corp. 48,842 1,911,346 
Valmet Corp. 12,456 520,539 
Wartsila Corp. 43,675 563,676 
TOTAL FINLAND  22,361,501 
France - 5.8%   
Air Liquide SA 43,004 7,241,976 
Alstom SA (a) 25,786 1,408,215 
Arkema SA 5,952 744,202 
Atos Origin SA 9,110 620,130 
AXA SA 188,897 5,335,406 
BNP Paribas SA 104,764 6,717,231 
Bouygues SA 19,949 854,779 
Bureau Veritas SA 25,557 764,153 
Capgemini SA 14,659 2,685,864 
Carrefour SA 53,249 1,031,020 
Compagnie de St. Gobain 48,605 3,066,740 
Compagnie Generale des Etablissements Michelin SCA Series B 16,254 2,351,964 
Credit Agricole SA 116,958 1,809,967 
Danone SA 62,619 4,420,246 
Dassault Systemes SA 12,505 2,900,837 
Edenred SA 22,159 1,256,107 
Eiffage SA 7,251 794,340 
ENGIE 161,436 2,400,849 
Essilor International SA 27,171 4,521,021 
Faurecia SA 4,102 221,430 
Gecina SA 5,053 739,020 
Hermes International SCA 3,155 3,959,995 
Kering SA 6,712 5,378,323 
L'Oreal SA 21,842 8,943,653 
Legrand SA 24,357 2,371,939 
LVMH Moet Hennessy Louis Vuitton SE 24,318 18,319,977 
Orange SA 186,174 2,318,466 
Orpea (a) 4,975 640,287 
Pernod Ricard SA 18,324 3,760,526 
Publicis Groupe SA 21,114 1,367,199 
Renault SA 19,150 771,849 
Safran SA 31,986 4,775,788 
Sanofi SA 104,447 10,950,472 
Sartorius Stedim Biotech 2,148 986,489 
Schneider Electric SA 49,046 7,825,579 
Societe Generale Series A 72,796 2,070,842 
Sodexo SA (a) 7,457 745,006 
SR Teleperformance SA 5,363 2,070,346 
Suez Environnement SA 37,124 886,398 
Thales SA 9,483 966,571 
Total SA 227,609 10,059,819 
Ubisoft Entertainment SA (a) 7,200 540,319 
Valeo SA 22,485 728,258 
Veolia Environnement SA 48,643 1,549,163 
VINCI SA 44,682 4,902,946 
Vivendi SA 78,840 2,748,776 
Worldline SA/France (a)(b) 20,680 2,029,528 
TOTAL FRANCE  153,554,011 
Germany - 4.9%   
adidas AG 16,823 5,194,907 
Allianz SE 37,429 9,737,787 
BASF AG 83,638 6,745,148 
Bayer AG 89,815 5,811,488 
Bayerische Motoren Werke AG (BMW) 28,998 2,907,561 
Bechtle AG 2,412 491,086 
Beiersdorf AG 9,024 1,018,544 
Brenntag AG 14,066 1,262,902 
Carl Zeiss Meditec AG 3,236 570,150 
Commerzbank AG 92,152 608,346 
Continental AG 9,885 1,335,853 
Covestro AG (b) 15,971 1,044,926 
Daimler AG (Germany) 75,919 6,758,811 
Delivery Hero AG (a)(b) 14,298 2,269,909 
Deutsche Bank AG (a) 189,617 2,645,785 
Deutsche Borse AG 17,272 2,975,662 
Deutsche Post AG 89,123 5,249,094 
Deutsche Telekom AG 294,064 5,659,278 
Deutsche Wohnen AG (Bearer) 32,851 1,777,280 
E.ON AG 204,511 2,465,126 
Evonik Industries AG 16,870 590,611 
Evotec OAI AG (a) 12,062 502,188 
Fresenius Medical Care AG & Co. KGaA 18,451 1,469,185 
Fresenius SE & Co. KGaA 37,481 1,842,115 
GEA Group AG 15,188 666,664 
Hannover Reuck SE 5,492 1,015,504 
HeidelbergCement AG 13,610 1,247,159 
HelloFresh AG (a) 13,589 1,127,279 
Henkel AG & Co. KGaA 9,025 897,320 
Infineon Technologies AG 119,273 4,782,914 
KION Group AG 6,663 664,398 
Knorr-Bremse AG 5,908 724,495 
Lanxess AG 7,893 580,939 
LEG Immobilien AG 6,611 919,592 
Merck KGaA 11,891 2,089,354 
MTU Aero Engines AG 4,931 1,244,349 
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 12,768 3,694,056 
Puma AG 8,419 887,879 
Rational AG 412 343,559 
Rheinmetall AG 3,974 414,230 
RWE AG 61,746 2,341,344 
SAP SE 99,435 13,922,960 
Scout24 AG (b) 9,434 784,188 
Siemens AG 73,528 12,267,038 
Siemens Healthineers AG (b) 25,660 1,464,745 
Symrise AG 11,757 1,518,083 
TAG Immobilien AG 12,628 390,330 
TeamViewer AG (a)(b) 14,712 699,718 
Thyssenkrupp AG 36,551 488,651 
United Internet AG 10,403 437,870 
Vonovia SE 51,452 3,379,930 
Vonovia SE rights 5/20/21 (a)(d) 50,020 101,631 
Zalando SE (a)(b) 15,228 1,584,362 
TOTAL GERMANY  131,614,283 
Greece - 0.1%   
Alpha Bank AE (a) 117,620 186,554 
EFG Eurobank Ergasias SA (a) 225,234 212,785 
Hellenic Telecommunications Organization SA 21,058 357,223 
Jumbo SA 9,656 180,519 
Motor Oil (HELLAS) Corinth Refineries SA 5,938 91,736 
Mytilineos SA 8,384 156,134 
National Bank of Greece SA (a) 52,519 163,219 
OPAP SA 18,871 289,268 
Public Power Corp. of Greece (a) 10,731 121,466 
Terna Energy SA 5,778 86,833 
TOTAL GREECE  1,845,737 
Hong Kong - 1.7%   
AIA Group Ltd. 1,102,000 13,987,219 
Bank of East Asia Ltd. 145,387 305,457 
BOC Hong Kong (Holdings) Ltd. 329,000 1,160,516 
BYD Electronic International Co. Ltd. 55,500 295,443 
China Evergrande New Energy Vehicle Group Ltd. (a)(e) 201,500 1,557,732 
China Overseas Land and Investment Ltd. 332,000 840,285 
China Resources Beer Holdings Co. Ltd. 126,000 1,017,862 
China Taiping Insurance Group Ltd. 130,400 242,409 
CLP Holdings Ltd. 147,000 1,450,996 
CSPC Pharmaceutical Group Ltd. 810,160 1,003,346 
Fosun International Ltd. 218,500 314,484 
Galaxy Entertainment Group Ltd. 195,000 1,717,100 
Guangdong Investment Ltd. 252,000 388,004 
Hang Lung Properties Ltd. 164,000 447,594 
Hang Seng Bank Ltd. 66,100 1,297,705 
Henderson Land Development Co. Ltd. 121,500 540,417 
Hong Kong & China Gas Co. Ltd. 965,660 1,548,965 
Hong Kong Exchanges and Clearing Ltd. 108,653 6,574,222 
Lenovo Group Ltd. 560,000 769,953 
Link (REIT) 189,842 1,795,101 
MTR Corp. Ltd. 139,113 775,462 
New World Development Co. Ltd. 132,000 698,426 
Power Assets Holdings Ltd. 124,500 765,328 
Sino Land Ltd. 292,728 434,885 
Sun Hung Kai Properties Ltd. 140,000 2,114,126 
Techtronic Industries Co. Ltd. 157,500 2,871,102 
Vitasoy International Holdings Ltd. 82,000 317,222 
Wharf Holdings Ltd. 141,000 428,387 
TOTAL HONG KONG  45,659,748 
Hungary - 0.1%   
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) (a) 45,849 316,973 
OTP Bank PLC (a) 19,694 885,980 
Richter Gedeon PLC 14,212 406,779 
TOTAL HUNGARY  1,609,732 
India - 2.6%   
Adani Green Energy Ltd. (a) 28,965 398,540 
Adani Ports & Special Economic Zone Ltd. (a) 68,105 671,394 
Apollo Hospitals Enterprise Ltd. (a) 8,959 386,826 
Asian Paints Ltd. 41,229 1,412,102 
Aurobindo Pharma Ltd. 24,832 328,897 
Avenue Supermarts Ltd. (a)(b) 13,206 508,749 
Axis Bank Ltd. (a) 241,504 2,331,392 
Bajaj Auto Ltd. 12,059 624,282 
Bajaj Finance Ltd. 24,255 1,785,644 
Bajaj Finserv Ltd. 5,400 805,144 
Bharat Petroleum Corp. Ltd. 72,768 414,470 
Bharti Airtel Ltd. 219,888 1,593,746 
Britannia Industries Ltd. 10,503 489,161 
Cipla Ltd. (a) 48,275 593,439 
Coal India Ltd. 189,565 340,580 
Divi's Laboratories Ltd. (a) 11,384 624,479 
Dr. Reddy's Laboratories Ltd. 10,998 765,595 
Eicher Motors Ltd. 12,515 409,249 
HCL Technologies Ltd. 99,706 1,210,326 
HDFC Standard Life Insurance Co. Ltd. (a)(b) 70,262 631,034 
Hero Motocorp Ltd. 11,674 444,410 
Hindalco Industries Ltd. 130,794 643,594 
Hindustan Unilever Ltd. 81,330 2,584,977 
Housing Development Finance Corp. Ltd. 164,212 5,366,410 
ICICI Bank Ltd. (a) 630,664 5,109,883 
Indian Oil Corp. Ltd. 244,377 299,799 
Info Edge India Ltd. (a) 6,392 424,209 
Infosys Ltd. 333,714 6,066,253 
ITC Ltd. 800,492 2,189,990 
JSW Steel Ltd. 88,215 855,110 
Kotak Mahindra Bank Ltd. (a) 119,288 2,816,972 
Larsen & Toubro Ltd. 110,291 1,996,348 
Mahindra & Mahindra Ltd. 88,440 898,731 
Maruti Suzuki India Ltd. 12,136 1,057,940 
NTPC Ltd. 423,471 585,843 
Oil & Natural Gas Corp. Ltd. 328,139 479,215 
Power Grid Corp. of India Ltd. 237,918 706,959 
Reliance Industries Ltd. 294,431 7,929,817 
Shriram Transport Finance Co. Ltd. 16,567 300,904 
State Bank of India (a) 351,405 1,677,424 
Sun Pharmaceutical Industries Ltd. 98,271 868,455 
Tata Consultancy Services Ltd. 94,281 3,864,751 
Tata Consumer Products Ltd. (a) 53,542 484,051 
Tata Motors Ltd. (a) 174,712 686,910 
Tata Steel Ltd. 65,699 917,329 
Tech Mahindra Ltd. 57,844 750,164 
Titan Co. Ltd. 37,153 748,353 
Ultratech Cemco Ltd. 10,768 912,994 
UPL Ltd. 51,812 424,613 
Vedanta Ltd. 167,023 580,199 
Wipro Ltd. 127,594 844,068 
TOTAL INDIA  69,841,724 
Indonesia - 0.4%   
PT ACE Hardware Indonesia Tbk 489,200 50,122 
PT Adaro Energy Tbk 1,110,800 95,739 
PT Aneka Tambang Tbk 670,400 115,562 
PT Astra International Tbk 1,787,700 680,675 
PT Bank Central Asia Tbk 1,017,700 2,256,272 
PT Bank Mandiri (Persero) Tbk 1,740,500 741,037 
PT Bank Negara Indonesia (Persero) Tbk 696,200 274,721 
PT Bank Rakyat Indonesia Tbk 4,900,600 1,374,000 
PT Barito Pacific Tbk (a) 2,392,400 165,621 
PT Bumi Serpong Damai Tbk (a) 888,000 72,233 
PT Charoen Pokphand Indonesia Tbk 683,800 333,734 
PT Ciputra Development Tbk 865,900 68,337 
PT Gudang Garam Tbk (a) 33,100 82,721 
PT Indah Kiat Pulp & Paper Tbk 239,900 151,131 
PT Indocement Tunggal Prakarsa Tbk 159,900 142,244 
PT Indofood CBP Sukses Makmur Tbk 207,100 124,733 
PT Indofood Sukses Makmur Tbk 362,900 163,927 
PT Jasa Marga Tbk 171,100 49,156 
PT Kalbe Farma Tbk 1,772,600 176,708 
PT Merdeka Copper Gold Tbk (a) 914,300 165,834 
PT Mitra Keluarga Karyasehat Tbk 432,700 78,482 
PT Pabrik Kertas Tjiwi Kimia Tbk 96,000 66,293 
PT Perusahaan Gas Negara Tbk Series B 747,400 63,383 
PT Sarana Menara Nusantara Tbk 2,510,400 198,121 
PT Semen Gresik (Persero) Tbk 270,600 195,293 
PT Surya Citra Media Tbk (a) 381,500 41,597 
PT Tambang Batubara Bukit Asam Tbk 455,700 74,767 
PT Telekomunikasi Indonesia Tbk Series B 4,255,300 940,186 
PT Tower Bersama Infrastructure Tbk 752,000 145,246 
PT United Tractors Tbk 124,600 182,652 
PT Vale Indonesia Tbk 153,900 49,116 
PT XL Axiata Tbk 391,600 56,659 
TOTAL INDONESIA  9,376,302 
Ireland - 0.6%   
Bank Ireland Group PLC 82,664 485,187 
CRH PLC 71,456 3,371,597 
DCC PLC (United Kingdom) 9,046 785,059 
Flutter Entertainment PLC 5,259 1,077,821 
Flutter Entertainment PLC (Ireland) 8,734 1,783,502 
ICON PLC (a) 4,710 1,021,835 
James Hardie Industries PLC CDI 41,089 1,357,910 
Kerry Group PLC Class A 13,963 1,809,640 
Kingspan Group PLC (Ireland) 14,080 1,253,664 
Ryanair Holdings PLC sponsored ADR (a) 18,943 2,213,490 
Smurfit Kappa Group PLC 23,445 1,199,628 
UDG Healthcare PLC (United Kingdom) 24,372 288,457 
TOTAL IRELAND  16,647,790 
Isle of Man - 0.1%   
Entain PLC (a) 53,294 1,244,972 
NEPI Rockcastle PLC 36,834 248,142 
TOTAL ISLE OF MAN  1,493,114 
Israel - 0.5%   
Airport City Ltd. (a) 5,936 98,679 
Alony Hetz Properties & Investments Ltd. 14,261 205,682 
Amot Investments Ltd. 14,809 96,877 
Azrieli Group 3,028 213,000 
Bank Hapoalim BM (Reg.) (a) 103,172 822,619 
Bank Leumi le-Israel BM (a) 130,697 920,574 
Bayside Land Corp. Ltd. 15,348 140,754 
Bezeq The Israel Telecommunication Corp. Ltd. (a) 170,249 185,377 
Check Point Software Technologies Ltd. (a) 10,173 1,188,308 
Clal Insurance Enterprises Holdings Ltd. (a) 5,179 93,190 
Cognyte Software Ltd. (a) 6,108 159,602 
Compugen Ltd. (a)(e) 6,103 52,669 
CyberArk Software Ltd. (a) 3,424 481,072 
Danel Adir Yeoshua Ltd. 372 64,875 
Elbit Systems Ltd. (Israel) 2,235 307,486 
Electra Israel Ltd. 218 120,954 
Energix-Renewable Energies Ltd. 20,723 81,594 
Enlight Renewable Energy Ltd. (a) 89,314 186,967 
First International Bank of Israel 4,594 140,436 
Formula Systems (1985) Ltd. 897 86,045 
Harel Insurance Investments and Financial Services Ltd. 12,544 131,682 
Icl Group Ltd. 60,983 391,428 
InMode Ltd. (a) 1,624 140,200 
Israel Corp. Ltd. (Class A) (a) 377 99,486 
Israel Discount Bank Ltd. (Class A) 101,909 460,549 
Kornit Digital Ltd. (a) 3,854 376,767 
Melisron Ltd. (a) 1,768 107,005 
Mivne Real Estate KD Ltd. 61,842 170,009 
Mizrahi Tefahot Bank Ltd. (a) 11,784 331,933 
Nano Dimension Ltd. ADR (a)(e) 21,840 160,306 
NICE Systems Ltd. (a) 5,730 1,384,366 
Nova Measuring Instruments Ltd. (a) 2,482 242,672 
Paz Oil Co. Ltd. 794 87,580 
Plus500 Ltd. 8,815 172,870 
Radware Ltd. (a) 3,498 96,930 
Reit 1 Ltd. 21,377 113,389 
Shapir Engineering and Industry Ltd. 14,576 104,597 
Shikun & Binui Ltd. (a) 17,556 118,306 
Shufersal Ltd. 18,213 147,572 
Strauss Group Ltd. 3,880 113,461 
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) 100,885 1,079,470 
The Phoenix Holdings Ltd. 15,074 134,111 
Tower Semiconductor Ltd. (a) 9,627 281,251 
Wix.com Ltd. (a) 5,096 1,619,916 
TOTAL ISRAEL  13,712,616 
Italy - 1.2%   
A2A SpA 144,934 283,500 
Amplifon SpA 7,749 327,279 
Assicurazioni Generali SpA 110,940 2,225,406 
Atlantia SpA (a) 45,166 881,031 
Azimut Holding SpA 10,192 244,025 
Banco BPM SpA 131,656 375,132 
Buzzi Unicem SpA 9,789 261,386 
Davide Campari-Milano NV 37,804 445,954 
DiaSorin SpA 1,792 304,314 
Enel SpA 702,706 6,977,401 
Eni SpA 230,499 2,745,450 
FinecoBank SpA 56,593 974,318 
Hera SpA 75,061 301,860 
Infrastrutture Wireless Italiane SpA (b) 31,163 363,417 
Interpump Group SpA 7,353 391,618 
Intesa Sanpaolo SpA 1,588,984 4,429,952 
Italgas SpA 43,262 282,008 
Leonardo SpA 37,609 307,194 
Mediobanca SpA (a) 65,723 742,904 
Moncler SpA 17,899 1,097,903 
Nexi SpA (a)(b) 33,675 645,343 
Pirelli & C. SpA (b) 38,839 218,389 
Poste Italiane SpA (b) 42,373 555,278 
Prada SpA 48,000 298,774 
Prysmian SpA 23,979 750,989 
Recordati SpA 9,080 500,409 
Reply SpA 1,930 262,431 
Snam Rete Gas SpA 191,850 1,079,450 
Telecom Italia SpA 1,008,760 553,392 
Telecom Italia SpA (Risparmio Shares) 569,841 334,325 
Terna SpA 130,337 960,557 
UniCredit SpA 194,776 2,004,959 
TOTAL ITALY  32,126,348 
Japan - 16.1%   
ACOM Co. Ltd. 38,400 164,787 
Activia Properties, Inc. 64 295,141 
Advance Residence Investment Corp. 125 398,595 
Advantest Corp. 18,300 1,738,073 
Aeon (REIT) Investment Corp. 123 169,380 
AEON Co. Ltd. 80,200 2,188,640 
AGC, Inc. 21,000 956,904 
Aica Kogyo Co. Ltd. 5,700 202,361 
Ain Holdings, Inc. 2,500 138,851 
Air Water, Inc. 20,200 334,541 
Aisin Seiki Co. Ltd. 17,000 654,863 
Ajinomoto Co., Inc. 50,600 1,012,324 
Alfresa Holdings Corp. 19,300 345,595 
Alps Electric Co. Ltd. 17,300 209,582 
Amada Co. Ltd. 32,700 353,958 
Ana Holdings, Inc. (a) 43,200 990,173 
Anritsu Corp. 13,700 266,755 
Aozora Bank Ltd. 10,100 217,174 
As One Corp. 1,200 149,876 
Asahi Group Holdings 44,200 1,846,216 
ASAHI INTECC Co. Ltd. 20,500 551,844 
Asahi Kasei Corp. 128,400 1,352,847 
Asics Corp. 17,200 273,053 
Astellas Pharma, Inc. 171,200 2,576,743 
Azbil Corp. 11,600 469,137 
Bandai Namco Holdings, Inc. 20,400 1,498,128 
Bank of Kyoto Ltd. 6,900 369,970 
BayCurrent Consulting, Inc. 1,200 327,752 
Benefit One, Inc. 6,700 168,159 
Bic Camera, Inc. 14,900 153,785 
Bridgestone Corp. 56,000 2,242,767 
Brother Industries Ltd. 23,200 490,577 
Calbee, Inc. 10,600 254,016 
Canon, Inc. 97,500 2,318,565 
Capcom Co. Ltd. 15,100 490,484 
Casio Computer Co. Ltd. 20,900 369,273 
Central Japan Railway Co. 18,800 2,749,730 
Chiba Bank Ltd. 65,000 405,618 
Chubu Electric Power Co., Inc. 66,100 798,655 
Chugai Pharmaceutical Co. Ltd. 58,500 2,195,155 
Chugoku Electric Power Co., Inc. 29,300 327,075 
Coca-Cola West Co. Ltd. 14,200 226,727 
COMSYS Holdings Corp. 11,300 350,508 
Concordia Financial Group Ltd. 110,100 413,039 
Cosmos Pharmaceutical Corp. 2,000 287,126 
CyberAgent, Inc. 37,900 779,570 
Dai Nippon Printing Co. Ltd. 25,500 506,547 
Dai-ichi Mutual Life Insurance Co. 104,200 1,873,960 
Daicel Chemical Industries Ltd. 26,100 201,798 
Daifuku Co. Ltd. 11,600 1,148,431 
Daiichi Sankyo Kabushiki Kaisha 167,200 4,263,761 
Daikin Industries Ltd. 26,700 5,385,785 
Daio Paper Corp. 10,800 176,887 
Daito Trust Construction Co. Ltd. 6,100 648,568 
Daiwa House Industry Co. Ltd. 61,000 1,805,609 
Daiwa House REIT Investment Corp. 180 482,734 
Daiwa Office Investment Corp. 26 188,178 
Daiwa Securities Group, Inc. 140,700 749,396 
Daiwa Securities Living Invest 184 188,899 
Denki Kagaku Kogyo KK 8,600 337,185 
DENSO Corp. 47,500 3,068,007 
Dentsu Group, Inc. 22,600 694,812 
Dic Corp. 6,900 176,335 
Disco Corp. 2,700 874,554 
Dmg Mori Co. Ltd. 10,500 169,380 
Dowa Holdings Co. Ltd. 5,000 208,619 
East Japan Railway Co. 34,500 2,360,925 
Ebara Corp. 7,600 324,751 
Eisai Co. Ltd. 27,100 1,767,736 
Electric Power Development Co. Ltd. 17,100 273,187 
ENEOS Holdings, Inc. 298,000 1,284,817 
Ezaki Glico Co. Ltd. 5,500 205,577 
Fancl Corp. 7,800 254,790 
FANUC Corp. 17,300 3,983,895 
Fast Retailing Co. Ltd. 5,900 4,842,977 
Food & Life Companies Ltd. 10,000 446,976 
FP Corp. 5,100 198,092 
Freee KK (a) 3,400 288,700 
Frontier Real Estate Investment Corp. 47 205,563 
Fuji Corp. 7,400 197,103 
Fuji Electric Co. Ltd. 13,200 600,878 
Fujifilm Holdings Corp. 36,700 2,379,842 
Fujitsu Ltd. 17,000 2,707,338 
Fukuoka Financial Group, Inc. 17,400 296,130 
Furukawa Electric Co. Ltd. 6,300 167,400 
GLP J-REIT 402 673,862 
GMO Internet, Inc. 5,700 169,764 
GMO Payment Gateway, Inc. 4,000 510,568 
GOLDWIN, Inc. 3,200 191,198 
GS Yuasa Corp. 7,400 200,082 
Hakuhodo DY Holdings, Inc. 27,700 466,609 
Hamamatsu Photonics K.K. 13,200 765,743 
Hankyu Hanshin Holdings, Inc. 23,500 739,683 
Harmonic Drive Systems, Inc. 3,700 249,510 
Haseko Corp. 22,700 304,287 
Hikari Tsushin, Inc. 1,800 362,009 
Hino Motors Ltd. 24,000 200,933 
Hirose Electric Co. Ltd. 2,900 461,973 
Hisamitsu Pharmaceutical Co., Inc. 7,800 453,912 
Hitachi Construction Machinery Co. Ltd. 9,500 291,632 
Hitachi Ltd. 88,400 4,352,460 
Hitachi Metals Ltd. 17,600 341,404 
Honda Motor Co. Ltd. 156,600 4,669,786 
Horiba Ltd. 3,600 234,203 
Hoshizaki Corp. 5,300 470,400 
House Foods Group, Inc. 6,800 211,236 
Hoya Corp. 34,000 3,868,515 
Hulic Co. Ltd. 44,300 504,247 
Ibiden Co. Ltd. 11,800 559,283 
Idemitsu Kosan Co. Ltd. 21,957 525,771 
IHI Corp. 14,100 283,316 
Iida Group Holdings Co. Ltd. 16,700 406,918 
Industrial & Infrastructure Fund Investment Corp. 195 353,459 
Infomart Corp. 18,100 170,748 
INPEX Corp. 100,500 686,001 
Invincible Investment Corp. 509 182,800 
Isetan Mitsukoshi Holdings Ltd. 36,800 256,580 
Isuzu Motors Ltd. 55,700 563,676 
ITO EN Ltd. 5,900 326,608 
Itochu Corp. 128,000 3,991,436 
ITOCHU Techno-Solutions Corp. 9,300 322,509 
Iwatani Corp. 4,800 300,851 
Iyo Bank Ltd. 27,900 153,681 
J. Front Retailing Co. Ltd. 25,500 242,657 
Japan Airlines Co. Ltd. (a) 40,100 851,607 
Japan Airport Terminal Co. Ltd. 7,400 332,455 
Japan Exchange Group, Inc. 49,200 1,153,132 
Japan Hotel REIT Investment Corp. 372 213,077 
Japan Logistics Fund, Inc. 75 214,796 
Japan Post Holdings Co. Ltd. 136,000 1,141,857 
Japan Post Insurance Co. Ltd. 18,300 352,638 
Japan Prime Realty Investment Corp. 87 353,843 
Japan Real Estate Investment Corp. 126 781,663 
Japan Retail Fund Investment Corp. 623 613,936 
Japan Steel Works Ltd. 6,500 157,727 
Japan Tobacco, Inc. 100,600 1,881,475 
JCR Pharmaceuticals Co. Ltd. 6,100 166,049 
JFE Holdings, Inc. 53,300 701,303 
JGC Corp. 22,500 256,725 
JSR Corp. 20,000 615,793 
JTEKT Corp. 21,700 195,377 
Justsystems Corp. 2,500 145,027 
K's Holdings Corp. 17,300 236,334 
Kadokawa Corp. 5,000 199,241 
Kagome Co. Ltd. 7,300 209,402 
Kajima Corp. 44,400 613,450 
Kakaku.com, Inc. 11,700 317,952 
Kamigumi Co. Ltd. 9,800 190,548 
Kaneka Corp. 6,000 233,599 
Kansai Electric Power Co., Inc. 76,600 758,360 
Kansai Paint Co. Ltd. 24,300 612,114 
Kao Corp. 44,000 2,821,008 
Kawasaki Heavy Industries Ltd. (a) 15,100 361,024 
KDDI Corp. 149,100 4,507,212 
Keihan Electric Railway Co., Ltd. 9,500 346,395 
Keikyu Corp. 25,400 324,908 
Keio Corp. 11,000 714,613 
Keisei Electric Railway Co. 16,100 502,342 
Kenedix Office Investment Corp. 42 309,745 
Kewpie Corp. 10,900 257,714 
Keyence Corp. 17,100 8,217,513 
Kikkoman Corp. 17,400 1,068,295 
Kinden Corp. 11,500 195,507 
Kintetsu Group Holdings Co. Ltd. 17,800 637,634 
Kirin Holdings Co. Ltd. 79,500 1,491,580 
Kobayashi Pharmaceutical Co. Ltd. 4,900 437,140 
Kobe Bussan Co. Ltd. 10,900 291,425 
Koito Manufacturing Co. Ltd. 11,500 716,580 
Komatsu Ltd. 89,100 2,619,952 
Konami Holdings Corp. 9,000 536,920 
Konica Minolta, Inc. 45,300 256,157 
Kose Corp. 3,200 481,947 
Kubota Corp. 104,800 2,464,416 
Kuraray Co. Ltd. 32,600 354,069 
Kurita Water Industries Ltd. 9,400 433,489 
Kyocera Corp. 32,300 1,961,525 
Kyowa Exeo Corp. 9,400 250,030 
Kyowa Hakko Kirin Co., Ltd. 23,000 698,692 
Kyushu Electric Power Co., Inc. 41,500 378,964 
Kyushu Railway Co. 15,000 336,536 
LaSalle Logiport REIT 140 227,377 
Lasertec Corp. 7,100 1,256,419 
Lawson, Inc. 4,500 201,757 
Lion Corp. 27,900 523,332 
LIXIL Group Corp. 27,000 731,512 
M3, Inc. 39,100 2,710,776 
Mabuchi Motor Co. Ltd. 4,800 192,149 
Makita Corp. 25,100 1,128,800 
Mani, Inc. 6,200 146,136 
Marubeni Corp. 153,100 1,272,821 
Marui Group Co. Ltd. 20,400 381,905 
Matsumotokiyoshi Holdings Co. Ltd. 8,600 345,054 
Mazda Motor Corp. 56,100 434,263 
McDonald's Holdings Co. (Japan) Ltd. 5,600 255,687 
Mebuki Financial Group, Inc. 103,000 224,302 
Medipal Holdings Corp. 19,300 354,602 
Meiji Holdings Co. Ltd. 13,400 830,067 
Menicon Co. Ltd. 2,700 164,535 
Mercari, Inc. (a) 9,300 459,511 
Minebea Mitsumi, Inc. 39,400 988,154 
Misumi Group, Inc. 26,300 741,184 
Mitsubishi Chemical Holdings Corp. 130,200 969,144 
Mitsubishi Corp. 128,100 3,539,775 
Mitsubishi Electric Corp. 196,500 3,024,183 
Mitsubishi Estate Co. Ltd. 127,500 2,094,668 
Mitsubishi Gas Chemical Co., Inc. 18,500 427,756 
Mitsubishi Heavy Industries Ltd. 30,300 900,211 
Mitsubishi Logistics Corp. 7,300 216,749 
Mitsubishi Materials Corp. 12,000 269,338 
Mitsubishi UFJ Financial Group, Inc. 1,175,800 6,255,370 
Mitsubishi UFJ Lease & Finance Co. Ltd. 69,100 395,797 
Mitsui & Co. Ltd. 148,500 3,129,927 
Mitsui Chemicals, Inc. 18,200 572,861 
Mitsui Fudosan Co. Ltd. 88,400 1,916,991 
Mitsui Fudosan Logistics Park, Inc. 43 222,692 
Mitsui Mining & Smelting Co. Ltd. 5,200 176,759 
Mitsui OSK Lines Ltd. 10,900 437,835 
Miura Co. Ltd. 10,600 555,751 
Mizuho Financial Group, Inc. 231,340 3,249,217 
MonotaRO Co. Ltd. 22,100 564,178 
Mori Hills REIT Investment Corp. 144 209,102 
Morinaga & Co. Ltd. 3,900 129,893 
Morinaga Milk Industry Co. Ltd. 3,900 213,396 
MS&AD Insurance Group Holdings, Inc. 44,000 1,246,043 
Murata Manufacturing Co. Ltd. 58,700 4,667,085 
Nabtesco Corp. 11,200 503,687 
Nagoya Railroad Co. Ltd. 17,200 394,393 
Nankai Electric Railway Co. Ltd. 10,100 222,904 
NEC Corp. 25,000 1,454,845 
Net One Systems Co. Ltd. 7,300 239,793 
Nexon Co. Ltd. 41,300 1,369,865 
NGK Insulators Ltd. 24,300 442,687 
NGK Spark Plug Co. Ltd. 15,500 258,688 
NH Foods Ltd. 9,400 419,297 
Nichirei Corp. 12,200 308,321 
Nidec Corp. 50,100 5,784,995 
Nifco, Inc. 8,000 273,035 
Nihon Kohden Corp. 8,000 241,925 
Nihon M&A Center, Inc. 26,300 689,205 
Nihon Unisys Ltd. 7,200 228,273 
Nikon Corp. 31,700 298,176 
Nintendo Co. Ltd. 10,800 6,195,456 
Nippon Accommodations Fund, Inc. 46 273,163 
Nippon Building Fund, Inc. 152 998,591 
Nippon Electric Glass Co. Ltd. 8,100 205,150 
Nippon Express Co. Ltd. 7,800 595,937 
Nippon Gas Co. Ltd. 11,100 195,207 
Nippon Paint Holdings Co. Ltd. 132,100 1,888,006 
Nippon Sanso Holdings Corp. 18,800 353,328 
Nippon Shinyaku Co. Ltd. 5,600 377,125 
Nippon Shokubai Co. Ltd. 3,100 162,815 
Nippon Steel & Sumitomo Metal Corp. 87,100 1,519,807 
Nippon Telegraph & Telephone Corp. 216,300 5,453,547 
Nippon Yusen KK 15,900 624,128 
Nishi-Nippon Railroad Co. Ltd. 6,800 175,522 
Nissan Chemical Corp. 13,500 694,208 
Nissan Motor Co. Ltd. (a) 221,100 1,109,911 
Nisshin Seifun Group, Inc. 26,400 425,627 
Nissin Food Holdings Co. Ltd. 7,600 538,933 
Nitori Holdings Co. Ltd. 8,000 1,435,447 
Nitto Denko Corp. 14,700 1,218,611 
NOF Corp. 7,700 407,228 
Nomura Holdings, Inc. 258,200 1,387,865 
Nomura Real Estate Holdings, Inc. 10,700 263,364 
Nomura Real Estate Master Fund, Inc. 420 664,068 
Nomura Research Institute Ltd. 35,000 1,077,637 
NSK Ltd. 44,500 409,617 
NTT Data Corp. 57,900 899,572 
Obayashi Corp. 67,900 619,419 
OBIC Co. Ltd. 6,000 1,160,033 
Odakyu Electric Railway Co. Ltd. 31,100 840,887 
Oji Holdings Corp. 90,700 571,803 
Olympus Corp. 117,800 2,422,504 
OMRON Corp. 19,100 1,448,797 
Ono Pharmaceutical Co. Ltd. 46,400 1,167,960 
Open House Co. Ltd. 6,800 282,789 
Oracle Corp. Japan 2,900 271,983 
Oriental Land Co. Ltd. 20,500 2,902,713 
ORIX Corp. 117,700 1,892,742 
ORIX JREIT, Inc. 246 433,972 
Osaka Gas Co. Ltd. 37,100 715,590 
Otsuka Corp. 9,800 494,080 
Otsuka Holdings Co. Ltd. 51,900 1,994,985 
Pan Pacific International Holdings Ltd. 55,200 1,189,459 
Panasonic Corp. 213,000 2,501,046 
Park24 Co. Ltd. (a) 9,800 189,293 
Penta-Ocean Construction Co. Ltd. 24,100 187,878 
PeptiDream, Inc. (a) 8,900 381,522 
Persol Holdings Co. Ltd. 16,700 306,984 
Pigeon Corp. 11,000 372,907 
Rakuten Group, Inc. 73,500 934,134 
Recruit Holdings Co. Ltd. 154,600 6,970,526 
Relo Group, Inc. 9,800 201,757 
Renesas Electronics Corp. (a) 92,500 1,079,124 
Rengo Co. Ltd. 23,200 192,537 
Resona Holdings, Inc. 214,200 880,005 
Ricoh Co. Ltd. 61,300 651,758 
Rinnai Corp. 3,400 341,587 
ROHM Co. Ltd. 7,800 772,934 
Rohto Pharmaceutical Co. Ltd. 10,900 279,556 
Ryohin Keikaku Co. Ltd. 23,800 500,869 
Sankyu, Inc. 5,200 221,722 
Santen Pharmaceutical Co. Ltd. 38,100 488,059 
Sanwa Holdings Corp. 23,400 301,680 
Sawai Group Holdings Co. Ltd. 4,000 192,515 
SBI Holdings, Inc. Japan 21,900 619,187 
Screen Holdings Co. Ltd. 4,200 401,976 
SCSK Corp. 4,800 278,452 
Secom Co. Ltd. 19,700 1,635,989 
Sega Sammy Holdings, Inc. 15,700 225,394 
Seibu Holdings, Inc. 22,700 244,260 
Seiko Epson Corp. 28,900 491,319 
Seino Holdings Co. Ltd. 15,700 215,769 
Sekisui Chemical Co. Ltd. 40,900 711,792 
Sekisui House (REIT), Inc. 414 344,716 
Sekisui House Ltd. 59,900 1,210,716 
Seven & i Holdings Co. Ltd. 73,000 3,138,686 
SG Holdings Co. Ltd. 45,300 1,029,602 
Sharp Corp. 18,200 307,580 
Shimadzu Corp. 25,500 892,465 
Shimamura Co. Ltd. 2,300 227,706 
SHIMANO, Inc. 7,800 1,786,742 
SHIMIZU Corp. 62,800 514,283 
Shin-Etsu Chemical Co. Ltd. 36,100 6,094,290 
Shinsei Bank Ltd. 15,000 218,364 
Shionogi & Co. Ltd. 26,200 1,381,244 
Ship Healthcare Holdings, Inc. 8,600 225,367 
Shiseido Co. Ltd. 36,500 2,647,745 
Shizuoka Bank Ltd. 51,800 396,712 
SHO-BOND Holdings Co. Ltd. 4,100 171,068 
Shochiku Co. Ltd. 1,300 145,832 
Showa Denko K.K. 13,500 408,866 
Skylark Co. Ltd. (a) 19,300 286,436 
SMC Corp. 5,800 3,367,280 
SMS Co., Ltd. 6,200 169,282 
SoftBank Corp. 142,300 1,835,226 
SoftBank Group Corp. 150,400 13,552,641 
Sohgo Security Services Co., Ltd. 7,800 341,861 
Sojitz Corp. 98,100 292,621 
Sompo Holdings, Inc. 34,400 1,277,921 
Sony Group Corp. 114,900 11,487,579 
Sotetsu Holdings, Inc. 8,400 170,475 
Square Enix Holdings Co. Ltd. 7,900 439,491 
Stanley Electric Co. Ltd. 13,800 395,224 
Subaru Corp. 56,800 1,053,729 
Sugi Holdings Co. Ltd. 3,400 261,323 
Sumco Corp. 22,600 585,627 
Sumitomo Chemical Co. Ltd. 148,700 757,854 
Sumitomo Corp. 109,200 1,486,775 
Sumitomo Dainippon Pharma Co., Ltd. 17,600 305,170 
Sumitomo Electric Industries Ltd. 72,800 1,083,107 
Sumitomo Forestry Co. Ltd. 15,700 363,446 
Sumitomo Heavy Industries Ltd. 11,800 341,724 
Sumitomo Metal Mining Co. Ltd. 24,500 1,039,944 
Sumitomo Mitsui Financial Group, Inc. 125,400 4,405,141 
Sumitomo Mitsui Trust Holdings, Inc. 34,600 1,177,711 
Sumitomo Realty & Development Co. Ltd. 43,800 1,458,397 
Sundrug Co. Ltd. 5,800 197,685 
Suntory Beverage & Food Ltd. 11,300 381,526 
Suzuken Co. Ltd. 7,800 280,840 
Suzuki Motor Corp. 45,000 1,707,521 
Sysmex Corp. 15,200 1,519,444 
T&D Holdings, Inc. 54,100 662,823 
Taiheiyo Cement Corp. 11,500 288,210 
Taisei Corp. 19,600 722,738 
Taisho Pharmaceutical Holdings Co. Ltd. 5,400 318,199 
Taiyo Yuden Co. Ltd. 11,600 532,821 
Takara Holdings, Inc. 16,900 217,880 
Takeda Pharmaceutical Co. Ltd. 144,384 4,822,498 
TDK Corp. 12,000 1,630,524 
TechnoPro Holdings, Inc. 3,300 242,465 
TECMO KOEI HOLDINGS CO., LTD. 5,640 252,094 
Teijin Ltd. 18,400 302,710 
Terumo Corp. 65,900 2,491,525 
THK Co. Ltd. 11,300 385,145 
TIS, Inc. 20,500 509,264 
Tobu Railway Co. Ltd. 19,800 509,086 
Toda Corp. 22,900 163,227 
Toho Co. Ltd. 13,200 525,391 
Toho Gas Co. Ltd. 9,300 516,525 
Tohoku Electric Power Co., Inc. 45,600 401,801 
Tokai Carbon Co. Ltd. 19,400 315,612 
Tokio Marine Holdings, Inc. 64,000 3,062,677 
Tokyo Century Corp. 4,700 290,283 
Tokyo Electric Power Co., Inc. (a) 74,600 220,476 
Tokyo Electron Ltd. 14,300 6,322,408 
Tokyo Gas Co. Ltd. 35,600 720,860 
Tokyo Ohka Kogyo Co. Ltd. 3,600 239,144 
Tokyo Seimitsu Co. Ltd. 3,700 175,030 
Tokyo Tatemono Co. Ltd. 18,900 278,943 
Tokyu Corp. 52,900 680,067 
Tokyu Fudosan Holdings Corp. 54,900 304,916 
Toppan Printing Co. Ltd. 31,200 531,847 
Toray Industries, Inc. 150,600 935,928 
Toshiba Corp. 38,700 1,598,778 
Tosoh Corp. 29,000 514,247 
Toto Ltd. 14,200 736,701 
Toyo Suisan Kaisha Ltd. 9,200 375,021 
Toyo Tire Corp. 12,000 219,819 
Toyoda Gosei Co. Ltd. 6,500 158,798 
Toyota Industries Corp. 18,800 1,505,170 
Toyota Motor Corp. 231,500 17,321,797 
Toyota Tsusho Corp. 21,800 921,548 
Trend Micro, Inc. 12,600 599,506 
Tsumura & Co. 6,300 209,827 
Tsuruha Holdings, Inc. 3,300 381,060 
Ube Industries Ltd. 8,400 169,783 
Ulvac, Inc. 4,000 182,999 
Unicharm Corp. 40,500 1,572,715 
United Urban Investment Corp. 292 436,571 
USS Co. Ltd. 20,400 369,772 
Welcia Holdings Co. Ltd. 9,000 280,813 
West Japan Railway Co. 17,200 949,313 
Workman Co. Ltd. (e) 2,000 130,662 
Yakult Honsha Co. Ltd. 14,500 705,829 
Yamada Holdings Co. Ltd. 75,600 376,305 
Yamaha Corp. 14,800 805,746 
Yamaha Motor Co. Ltd. 28,100 701,664 
Yamato Holdings Co. Ltd. 33,300 939,981 
Yamazaki Baking Co. Ltd. 16,600 262,921 
Yaskawa Electric Corp. 24,700 1,139,061 
Yokogawa Electric Corp. 21,100 383,040 
Yokohama Rubber Co. Ltd. 12,900 239,728 
Z Holdings Corp. 243,300 1,124,225 
Zenkoku Hosho Co. Ltd. 4,400 197,475 
Zensho Holdings Co. Ltd. 7,400 185,525 
Zeon Corp. 17,800 283,719 
ZOZO, Inc. 8,800 297,118 
TOTAL JAPAN  430,335,945 
Korea (South) - 4.1%   
Alteogen, Inc. 3,150 227,318 
AMOREPACIFIC Corp. 2,685 649,473 
AMOREPACIFIC Group, Inc. 2,802 184,164 
BEP International Holdings Ltd. (a) 2,406 62,286 
BGF Retail Co. Ltd. 942 128,882 
BNK Financial Group, Inc. 31,643 217,031 
Bukwang Pharmaceutical Co. Ltd. 3,823 74,014 
Cellivery Therapeutics, Inc. 1,024 105,121 
Celltrion Healthcare Co. Ltd. 8,126 815,303 
Celltrion Pharm, Inc. 1,513 179,945 
Celltrion, Inc. (a) 9,070 2,157,438 
CHA Biotech Co. Ltd. (a) 6,023 101,794 
Cheil Worldwide, Inc. 4,911 96,395 
Chong Kun Dang Pharmaceutical Corp. 542 67,370 
Chunbo Co. Ltd. 331 53,693 
CJ CheilJedang Corp. 740 261,714 
CJ Corp. 1,289 110,079 
CJ ENM Co. Ltd. 765 98,508 
CJ Logistics Corp. (a) 907 139,098 
Com2uS Corp. 690 91,010 
Cosmax, Inc. 888 96,480 
Coway Co. Ltd. 5,725 342,492 
CS Wind Corp. 1,100 75,741 
Daewoo Engineering & Construction Co. Ltd. (a) 20,906 138,154 
Daewoo Shipbuilding & Marine Engineering Co. Ltd. (a) 2,755 90,414 
Daewoong Co. Ltd. 1,791 58,137 
DB HiTek Co. Ltd. 3,699 182,919 
Db Insurance Co. Ltd. 5,691 249,110 
DGB Financial Group Co. Ltd. 12,317 97,586 
DL E&C Co. Ltd. (a) 1,876 223,118 
DL Holdings Co. Ltd. 1,180 99,821 
Dong Suh Companies, Inc. 4,774 134,262 
Dongjin Semichem Co. Ltd. 2,520 69,519 
DongKook Pharmaceutical Co. Ltd. 1,872 47,458 
Doosan Bobcat, Inc. 5,356 218,641 
Doosan Fuel Cell Co. Ltd. (a) 4,297 173,297 
Doosan Heavy Industries & Construction Co. Ltd. (a) 20,180 251,736 
Doosan Infracore Co. Ltd. (a) 13,374 129,162 
DuzonBizon Co. Ltd. 1,620 122,121 
E-Mart Co. Ltd. 1,919 288,293 
Ecopro BM Co. Ltd. 993 160,723 
Ecopro Co. Ltd. (c) 1,531 102,406 
EO Technics Co. Ltd. 587 61,677 
F&F Co. Ltd. (c) 875 140,841 
Fila Holdings Corp. 4,124 168,164 
GemVax & Kael Co. Ltd. (a) 2,344 42,760 
Genexine Co. Ltd. (a) 1,799 164,089 
Green Cross Corp. 557 168,602 
Green Cross Holdings Corp. 2,891 94,619 
GS Engineering & Construction Corp. 6,482 255,911 
GS Holdings Corp. 3,573 137,548 
GS Retail Co. Ltd. 1,966 62,938 
Hana Financial Group, Inc. 27,208 1,110,675 
HanAll BioPharma Co. Ltd. (a) 2,355 48,436 
Hanjin Kal Corp. 1,287 63,874 
Hankook Tire Co. Ltd. 7,318 314,765 
Hanmi Pharm Co. Ltd. 504 152,334 
Hanmi Science Co. Ltd. 2,638 163,241 
Hanon Systems 13,439 194,685 
Hansol Chemical Co. Ltd. 928 205,387 
Hanssem Co. Ltd. 903 90,439 
Hanwha Aerospace Co. Ltd. 3,348 115,564 
Hanwha Corp. 4,484 123,500 
Hanwha Life Insurance Co. Ltd. 20,185 63,085 
Hanwha Solutions Corp. 11,120 457,914 
HDC Hyundai Development Co. 2,982 74,665 
Helixmith Co., Ltd. 2,867 79,861 
Hite Jinro Co. Ltd. 3,194 99,538 
HLB Life Science Co. Ltd. 5,404 52,673 
HLB, Inc. 7,942 235,075 
HMM Co. Ltd. (a) 23,004 806,378 
Hotel Shilla Co. 3,498 270,574 
HUGEL, Inc. 564 93,052 
Hyosung Corp. 1,242 110,397 
Hyosung TNC Co. Ltd. 236 152,581 
Hyundai Bioscience Co. Ltd. (a) 2,466 91,625 
Hyundai Department Store Co. Ltd. 1,208 100,245 
Hyundai Elevator Co. Ltd. 1,872 75,832 
Hyundai Engineering & Construction Co. Ltd. 6,635 299,034 
Hyundai Fire & Marine Insurance Co. Ltd. 4,113 89,559 
Hyundai Glovis Co. Ltd. 2,008 344,758 
Hyundai Mipo Dockyard Co. Ltd. 2,235 171,480 
Hyundai Mobis 6,103 1,473,522 
Hyundai Motor Co. 12,881 2,441,939 
Hyundai Robotics Co. Ltd. 3,915 246,464 
Hyundai Rotem Co. Ltd. (a) 7,995 144,060 
Hyundai Steel Co. 8,043 399,172 
Hyundai Wia Corp. 1,271 79,105 
Il-Yang Pharmaceutical Co. Ltd. 1,175 40,190 
Iljin Materials Co. Ltd. 2,155 133,160 
Industrial Bank of Korea 25,087 217,381 
IS Dongseo Co. Ltd. 1,814 108,359 
JB Financial Group Co. Ltd. 18,493 120,720 
JYP Entertainment Corp. 1,804 53,074 
Kakao Corp. 27,629 2,804,210 
Kangwon Land, Inc. 10,407 235,448 
KB Financial Group, Inc. 35,923 1,759,062 
Kia Corp. 24,505 1,687,310 
Kiwoom Securities Co. Ltd. 1,589 188,274 
KMW Co. Ltd. (a) 2,383 122,317 
Koh Young Technology, Inc. 5,425 134,863 
Kolon Industries, Inc. 1,331 72,008 
Korea Aerospace Industries Ltd. 6,812 198,583 
Korea Electric Power Corp. 29,158 615,524 
Korea Gas Corp. 4,385 136,850 
Korea Investment Holdings Co. Ltd. 3,505 351,039 
Korea Petro Chemical Industries Co. Ltd. 363 102,251 
Korea Shipbuilding & Offshore Engineering Co. Ltd. (a) 4,064 557,842 
Korea Zinc Co. Ltd. 1,189 474,205 
Korean Air Lines Co. Ltd. (a) 21,074 506,931 
KT&G Corp. 11,578 853,120 
Kumho Petro Chemical Co. Ltd. 1,602 372,465 
L&F Co. Ltd. 1,537 124,798 
Leeno Industrial, Inc. 845 123,167 
LegoChem Biosciences, Inc. 1,341 61,397 
LG Chemical Ltd. 4,265 3,554,548 
LG Corp. (c) 12,013 1,358,912 
LG Display Co. Ltd. (a) 20,627 448,221 
LG Electronics, Inc. 9,223 1,298,979 
LG Household & Health Care Ltd. 874 1,202,817 
LG Innotek Co. Ltd. 1,187 213,352 
LG International Corp. 2,143 59,023 
LG Telecom Ltd. 22,671 267,605 
Lotte Chemical Corp. 1,487 404,235 
Lotte Confectionery Co. Ltd. 4,679 153,138 
Lotte Fine Chemical Co. Ltd. 1,855 112,798 
Lotte Shopping Co. Ltd. 891 98,798 
LS Cable Ltd. 2,341 153,446 
LS Industrial Systems Ltd. 844 42,944 
Mando Corp. 2,729 141,785 
Mcnex Co. Ltd. 967 41,420 
MedPacto, Inc. 1,376 97,206 
Medy-Tox, Inc. 16 2,508 
Meritz Fire & Marine Insurance Co. Ltd. 6,044 107,824 
Meritz Securities Co. Ltd. 33,033 142,674 
Mezzion Pharma Co. Ltd. (a) 885 119,500 
Mirae Asset Securities Co. Ltd. 30,246 270,469 
NAVER Corp. 13,233 4,254,090 
NCSOFT Corp. 1,438 1,067,300 
NEPES Corp. Ltd. 1,162 41,564 
Netmarble Corp. (b) 2,547 294,950 
NH Investment & Securities Co. Ltd. 14,626 168,065 
NHN Entertainment Corp. (a) 1,342 87,604 
NHN KCP Corp. 834 38,035 
NongShim Co. Ltd. 271 69,066 
Oci Co. Ltd. (a) 1,804 201,649 
Orion Corp./Republic of Korea 2,011 210,401 
Oscotec, Inc. (a) 1,972 64,982 
Ottogi Corp. 155 76,926 
Pan Ocean Co., Ltd. (Korea) 20,839 136,780 
Paradise Co. Ltd. 4,130 66,477 
Pearl Abyss Corp. (a) 2,885 145,504 
Pharmicell Co. Ltd. (a) 4,121 60,989 
POSCO 7,360 2,392,601 
POSCO Chemtech Co. Ltd. 2,754 366,944 
Posco International Corp. 3,308 62,120 
S-Oil Corp. 3,705 288,573 
S1 Corp. 1,262 91,974 
Sam Chun Dang Pharm Co. Ltd. 1,036 47,989 
Samsung Biologics Co. Ltd. (a)(b) 1,481 1,064,782 
Samsung C&T Corp. 8,113 986,665 
Samsung Electro-Mechanics Co. Ltd. 5,278 844,835 
Samsung Electronics Co. Ltd. 472,327 34,423,088 
Samsung Engineering Co. Ltd. (a) 16,555 256,849 
Samsung Fire & Marine Insurance Co. Ltd. 3,036 537,547 
Samsung Heavy Industries Co. Ltd. (a) 43,325 290,569 
Samsung Life Insurance Co. Ltd. 7,680 561,090 
Samsung SDI Co. Ltd. 4,809 2,812,432 
Samsung SDS Co. Ltd. 3,498 572,427 
Samsung Securities Co. Ltd. 5,696 217,239 
Seegene, Inc. 3,964 331,787 
Seoul Semiconductor Co. Ltd. 1,890 31,774 
Shin Poong Pharmaceutical Co. 2,558 159,663 
Shinhan Financial Group Co. Ltd. 46,557 1,664,178 
Shinsegae Co. Ltd. 502 136,691 
SillaJen, Inc. (a)(c) 4,518 48,886 
SK Biopharmaceuticals Co. Ltd. (a) 1,785 173,986 
SK Chemicals Co. Ltd. 758 180,641 
SK Holdings Co., Ltd. 3,124 771,027 
SK Hynix, Inc. 49,222 5,634,024 
SK Innovation Co., Ltd. 4,825 1,167,116 
SK Materials Co., Ltd. 430 129,391 
SK Telecom Co. Ltd. 4,662 1,263,075 
SKC Co. Ltd. 1,819 219,592 
Solus Advanced Materials Co. Lt 1,531 69,001 
Soulbrain Co. Ltd. 487 154,947 
ST Pharm Co. Ltd. (a) 672 68,565 
Studio Dragon Corp. (a) 1,389 128,307 
WONIK IPS Co. Ltd. 2,994 136,008 
Woori Financial Group, Inc. 51,914 496,727 
Yuhan Corp. 4,086 234,941 
Zinus, Inc. 1,024 76,277 
TOTAL KOREA (SOUTH)  110,030,323 
Kuwait - 0.2%   
Agility Public Warehousing Co. KSC 109,135 343,265 
Boubyan Bank KSC 80,591 175,140 
Gulf Bank 172,291 124,045 
Kuwait Finance House KSCP 445,651 1,069,030 
Mabanee Co. SAKC 58,689 136,110 
Mobile Telecommunication Co. 196,131 392,392 
National Bank of Kuwait 653,066 1,783,256 
TOTAL KUWAIT  4,023,238 
Luxembourg - 0.3%   
ArcelorMittal SA (Netherlands) 63,506 1,851,490 
Aroundtown SA 106,507 820,020 
B&M European Value Retail SA 77,829 608,154 
Eurofins Scientific SA (a) 11,289 1,117,671 
Globant SA (a) 3,268 748,960 
Millicom International Cellular SA (depository receipt) (a) 7,905 312,818 
SES SA (France) (depositary receipt) 32,855 249,008 
Spotify Technology SA (a) 10,767 2,714,576 
Subsea 7 SA 21,386 217,046 
Tenaris SA 42,609 456,895 
TOTAL LUXEMBOURG  9,096,638 
Malaysia - 0.5%   
AMMB Holdings Bhd 183,500 133,520 
Axiata Group Bhd 411,628 388,964 
Bursa Malaysia Bhd 59,200 121,855 
CIMB Group Holdings Bhd 640,770 647,732 
Dialog Group Bhd 365,200 271,080 
DiGi.com Bhd 315,800 323,087 
Gamuda Bhd (a) 241,300 207,982 
Genting Bhd 195,400 237,600 
Genting Malaysia Bhd 292,600 205,759 
Hartalega Holdings Bhd 162,300 407,385 
Hong Leong Bank Bhd 71,000 308,929 
IHH Healthcare Bhd 299,900 393,960 
IJM Corp. Bhd 215,400 102,559 
Inari Amertron Bhd 210,100 176,986 
IOI Corp. Bhd 298,000 297,600 
Kossan Rubber Industries Bhd 122,100 132,371 
Kuala Lumpur Kepong Bhd 56,120 301,463 
Malayan Banking Bhd 582,888 1,171,327 
Malaysia Airports Holdings Bhd 104,500 152,840 
Malaysian Pacific Industries Bhd 7,400 70,106 
Maxis Bhd 189,500 212,843 
MISC Bhd 199,300 329,936 
My E.G.Services Bhd 148,200 70,563 
Nestle (Malaysia) Bhd 6,300 208,744 
Pentamaster Corp. Bhd 55,600 79,147 
Petronas Chemicals Group Bhd 211,400 423,265 
Petronas Dagangan Bhd 30,600 150,628 
Petronas Gas Bhd 71,300 274,023 
PPB Group Bhd 68,200 308,070 
Press Metal Bhd 285,600 362,622 
Public Bank Bhd 1,383,600 1,402,012 
QL Resources Bhd 107,300 158,507 
RHB Capital Bhd 184,100 234,199 
Scientex Bhd 96,600 98,829 
Sime Darby Bhd 210,700 116,270 
Sime Darby Plantation Bhd 205,500 227,804 
Supermax Corp. Bhd 159,800 235,281 
Telekom Malaysia Bhd 173,000 241,199 
Tenaga Nasional Bhd 299,000 727,149 
TIME dotCom Bhd 32,400 109,806 
Top Glove Corp. Bhd 443,800 612,250 
V.S. Industry Bhd 95,500 64,825 
Westports Holdings Bhd 81,100 85,150 
TOTAL MALAYSIA  12,786,227 
Malta - 0.0%   
Kindred Group PLC (depositary receipt) 21,511 372,257 
Marshall Islands - 0.0%   
Star Bulk Carriers Corp. (a) 5,413 100,844 
Mexico - 0.5%   
Alfa SA de CV Series A 196,100 137,174 
America Movil S.A.B. de CV Series L 2,190,000 1,529,767 
Arca Continental S.A.B. de CV 38,300 205,066 
CEMEX S.A.B. de CV unit (a) 1,356,500 1,077,459 
Coca-Cola FEMSA S.A.B. de CV unit 45,085 211,058 
Fibra Uno Administracion SA de CV 270,300 333,722 
Fomento Economico Mexicano S.A.B. de CV unit 171,900 1,331,362 
Gruma S.A.B. de CV Series B 20,540 223,368 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B (a) 31,500 323,817 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 17,885 302,492 
Grupo Aeroportuario Norte S.A.B. de CV (a) 34,700 215,768 
Grupo Bimbo S.A.B. de CV Series A 128,600 257,365 
Grupo Elektra SA de CV 5,005 376,006 
Grupo Financiero Banorte S.A.B. de CV Series O 226,200 1,286,940 
Grupo Financiero Inbursa S.A.B. de CV Series O (a) 188,000 174,664 
Grupo Mexico SA de CV Series B 292,700 1,323,125 
Grupo Televisa SA de CV 234,200 581,078 
Industrias Penoles SA de CV (a) 10,390 133,803 
Infraestructura Energetica Nova S.A.B. de CV (a) 34,900 149,493 
Kimberly-Clark de Mexico SA de CV Series A 132,200 228,415 
Orbia Advance Corp. S.A.B. de CV 89,800 250,467 
Promotora y Operadora de Infraestructura S.A.B. de CV 16,470 127,275 
Wal-Mart de Mexico SA de CV Series V 469,000 1,535,242 
TOTAL MEXICO  12,314,926 
Multi-National - 0.0%   
HKT Trust/HKT Ltd. unit 318,000 461,786 
Netherlands - 3.3%   
Adyen BV (a)(b) 2,766 6,807,386 
Airbus Group NV 55,793 6,709,650 
Akzo Nobel NV 17,403 2,090,602 
Argenx SE (a) 4,707 1,352,590 
ASM International NV (Netherlands) 3,475 1,056,570 
ASML Holding NV (Netherlands) 38,211 24,804,365 
CNH Industrial NV 91,550 1,361,516 
Euronext NV (b) 5,956 599,342 
Euronext NV rights 5/10/21 (a) 5,956 69,816 
EXOR NV 10,173 835,587 
Ferrari NV 11,625 2,489,852 
Heineken Holding NV 9,089 902,591 
Heineken NV (Bearer) 21,478 2,490,266 
IMCD NV 5,034 732,005 
ING Groep NV (Certificaten Van Aandelen) 355,627 4,543,133 
Just Eat Takeaway.com NV (a)(b) 7,382 763,251 
Koninklijke Ahold Delhaize NV 100,585 2,706,935 
Koninklijke DSM NV 16,493 2,958,443 
Koninklijke KPN NV 326,640 1,126,782 
Koninklijke Philips Electronics NV 82,979 4,691,894 
NN Group NV 30,201 1,509,371 
Prosus NV 38,499 4,178,362 
QIAGEN NV (Germany) (a) 20,738 1,010,505 
Randstad NV 11,194 808,556 
RHI Magnesita NV 2,974 186,469 
Stellantis NV (Italy) 201,723 3,352,617 
STMicroelectronics NV (Italy) 60,002 2,240,409 
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit 12,712 1,048,261 
Wolters Kluwer NV 24,345 2,202,768 
Wolters Kluwer NV rights (a)(d) 23,720 25,380 
X5 Retail Group NV GDR (Reg. S) 9,749 299,294 
Yandex NV Series A (a) 29,400 1,927,170 
TOTAL NETHERLANDS  87,881,738 
New Zealand - 0.3%   
Auckland International Airport Ltd. 106,431 578,070 
Chorus Ltd. 38,523 187,180 
Contact Energy Ltd. 70,198 378,762 
Fisher & Paykel Healthcare Corp. 53,205 1,368,742 
Fletcher Building Ltd. 73,377 381,737 
Goodman Property Trust 101,843 162,520 
Infratil Ltd. 65,020 331,980 
Mercury Nz Ltd. 57,747 286,787 
Meridian Energy Ltd. 110,834 422,737 
Ryman Healthcare Group Ltd. 36,828 373,965 
Spark New Zealand Ltd. 170,508 536,868 
Summerset Group Holdings Ltd. 21,100 183,606 
The a2 Milk Co. Ltd. (a) 65,548 358,832 
Xero Ltd. (a) 11,068 1,206,974 
TOTAL NEW ZEALAND  6,758,760 
Norway - 0.5%   
Adevinta ASA Class B (a) 21,066 385,940 
Aker ASA (A Shares) 1,973 147,311 
Aker BP ASA 9,341 267,976 
Borregaard ASA 9,005 198,404 
DNB ASA 80,902 1,735,044 
Entra ASA (b) 14,641 330,671 
Equinor ASA 98,722 2,010,257 
Gjensidige Forsikring ASA 16,423 373,779 
Kahoot! A/S 25,638 269,347 
Kongsberg Gruppen ASA 7,920 199,808 
Leroy Seafood Group ASA 24,693 226,758 
Mowi ASA 41,507 1,025,209 
NEL ASA (a) 73,188 212,600 
Nordic VLSI ASA (a) 15,436 382,006 
Norsk Hydro ASA 125,894 801,666 
Norwegian Finans Holding ASA 15,404 170,066 
Orkla ASA 72,147 736,378 
Pexip Holding ASA 9,475 99,258 
Salmar ASA 4,902 340,266 
Scatec Solar AS (b) 10,598 285,830 
Schibsted ASA:   
(A Shares) 7,869 396,475 
(B Shares) 8,777 384,864 
Sparebank 1 Sr Bank ASA (primary capital certificate) 15,528 201,095 
Sparebanken Midt-Norge 12,340 166,629 
Storebrand ASA (A Shares) 42,825 410,346 
Telenor ASA 59,597 1,062,851 
TGS Nopec Geophysical Co. ASA 10,541 160,508 
Tomra Systems ASA 10,491 525,306 
Yara International ASA 16,008 835,978 
TOTAL NORWAY  14,342,626 
Pakistan - 0.0%   
Habib Bank Ltd. 45,832 37,290 
Hub Power Co. Ltd. 54,669 26,706 
Lucky Cement Ltd. (a) 15,550 84,932 
Pakistan Petroleum Ltd. 52,631 27,840 
Pakistan State Oil Co. Ltd. 16,870 23,333 
TRG Pakistan Ltd. (a) 46,000 50,548 
United Bank Ltd. 33,487 27,542 
TOTAL PAKISTAN  278,191 
Papua New Guinea - 0.0%   
Oil Search Ltd. ADR 172,986 506,387 
Peru - 0.0%   
Compania de Minas Buenaventura SA sponsored ADR (a) 20,378 198,074 
Philippines - 0.2%   
Ayala Corp. 30,270 464,247 
Ayala Land, Inc. 752,900 501,778 
Bank of the Philippine Islands (BPI) 199,510 341,911 
BDO Unibank, Inc. 187,710 400,557 
Globe Telecom, Inc. 2,800 106,228 
International Container Terminal Services, Inc. 93,740 252,030 
JG Summit Holdings, Inc. 310,205 338,680 
Jollibee Food Corp. 59,770 217,728 
Manila Electric Co. 25,610 144,601 
Megaworld Corp. 1,247,000 81,301 
Metro Pacific Investments Corp. 1,251,000 104,865 
Metropolitan Bank & Trust Co. 257,814 234,789 
PLDT, Inc. 8,330 219,127 
SM Investments Corp. 61,815 1,229,519 
SM Prime Holdings, Inc. 1,008,600 719,161 
Universal Robina Corp. 93,950 266,206 
TOTAL PHILIPPINES  5,622,728 
Poland - 0.2%   
Allegro.eu SA (a)(b) 19,462 298,381 
Bank Polska Kasa Opieki SA (a) 16,149 340,849 
CCC SA (a) 3,665 99,207 
CD Projekt RED SA 6,175 282,695 
Cyfrowy Polsat SA 23,650 184,101 
Dino Polska SA (a)(b) 4,398 285,530 
Grupa Lotos SA 8,274 104,336 
KGHM Polska Miedz SA (Bearer) (a) 12,220 627,080 
LPP SA (a) 116 299,773 
Orange Polska SA (a) 63,141 113,471 
PGE Polska Grupa Energetyczna SA (a) 66,276 176,517 
Polish Oil & Gas Co. SA 148,821 258,225 
Polski Koncern Naftowy Orlen SA 26,319 463,057 
Powszechna Kasa Oszczednosci Bank SA (a) 77,203 718,040 
Powszechny Zaklad Ubezpieczen SA (a) 54,016 465,351 
Santander Bank Polska SA (a) 3,053 180,659 
TOTAL POLAND  4,897,272 
Portugal - 0.1%   
Banco Comercial Portugues SA (Reg.) (a) 705,963 105,669 
Energias de Portugal SA 254,314 1,413,172 
Galp Energia SGPS SA Class B 41,226 474,709 
Jeronimo Martins SGPS SA 21,309 389,149 
REN - Redes Energeticas Nacionais SGPS SA 29,608 86,677 
TOTAL PORTUGAL  2,469,376 
Qatar - 0.2%   
Barwa Real Estate Co. 198,891 176,822 
Industries Qatar QSC (a) 187,474 694,081 
Masraf al Rayan 424,828 521,321 
Mesaieed Petrochemical Holding Co. (a) 374,483 198,504 
Ooredoo QSC (a) 72,310 141,204 
Qatar Electricity & Water Co. (a) 56,731 267,996 
Qatar Fuel Co. 62,342 311,624 
Qatar Gas Transport Co. Ltd. (Nakilat) (a) 158,173 137,277 
Qatar International Islamic Bank QSC (a) 97,766 248,376 
Qatar Islamic Bank (a) 137,550 657,339 
Qatar National Bank SAQ (a) 403,443 1,983,419 
The Commercial Bank of Qatar (a) 294,955 437,450 
TOTAL QATAR  5,775,413 
Russia - 0.7%   
Alrosa Co. Ltd. 223,420 322,887 
Gazprom OAO 1,100,160 3,354,245 
Lukoil PJSC 33,204 2,560,512 
Magnit OJSC 6,842 465,246 
MMC Norilsk Nickel PJSC 5,491 1,873,314 
Mobile TeleSystems OJSC sponsored ADR 38,176 323,351 
NOVATEK OAO 89,501 1,616,094 
Novolipetsk Steel OJSC GDR (Reg. S) 10,478 368,197 
Polyus PJSC 2,891 533,186 
Rosneft Oil Co. OJSC GDR (Reg. S) 205,319 1,419,576 
Sberbank of Russia 960,620 3,795,155 
Severstal PAO 17,405 410,597 
Surgutneftegas OJSC 772,800 349,986 
Tatneft PAO 141,108 951,634 
TOTAL RUSSIA  18,343,980 
Saudi Arabia - 0.9%   
Abdullah Al Othaim Markets Co. 5,014 179,692 
Advanced Polypropylene Co. 17,937 388,375 
Al Rajhi Bank 205,149 5,410,174 
Alinma Bank 159,347 843,007 
Almarai Co. Ltd. 22,718 325,910 
Bank Al-Jazira 70,330 358,570 
Bank Albilad 35,168 351,192 
Banque Saudi Fransi 59,973 623,686 
Bupa Arabia for Cooperative Insurance Co. (a) 5,582 172,065 
Dar Al Arkan Real Estate Development Co. (a) 97,259 268,680 
Dr Sulaiman Al Habib Medical Services Group Co. 7,146 288,111 
Emaar The Economic City (a) 36,704 104,919 
Etihad Etisalat Co. (a) 48,415 399,564 
Jarir Marketing Co. 7,448 395,219 
Mobile Telecommunications Co. Saudi Arabia (a) 43,290 174,767 
Mouwasat Medical Services Co. 4,484 212,112 
National Industrialization Co. (a) 52,393 268,238 
National Petrochemical Co. 11,661 150,963 
Qassim Cement Co. 5,213 117,460 
Riyad Bank 119,813 851,426 
Sabic Agriculture-Nutrients Co. 18,640 521,892 
Sahara International Petrochemical Co. 57,868 419,714 
Saudi Airlines Catering Co. 2,160 43,946 
Saudi Arabian Mining Co. (a) 37,377 571,090 
Saudi Basic Industries Corp. 81,776 2,703,916 
Saudi Cement Co. 11,880 204,959 
Saudi Dairy & Foodstuffs Co. 1,599 72,058 
Saudi Electricity Co. 70,260 487,110 
Saudi Ground Services Co. (a) 10,121 94,458 
Saudi Industrial Investment Group 39,435 373,298 
Saudi Kayan Petrochemical Co. (a) 87,856 426,372 
Saudi Telecom Co. 54,813 1,856,235 
Southern Province Cement Co. 6,150 138,245 
The Co. for Cooperative Insurance 8,321 172,180 
The Saudi British Bank 86,191 706,729 
The Saudi National Bank 191,707 2,903,567 
The Savola Group 28,360 302,112 
United Electronics Co. 3,752 120,858 
Yamama Cement Co. 17,794 157,765 
Yanbu Cement Co. 11,445 130,924 
Yanbu National Petrochemical Co. 24,863 484,637 
TOTAL SAUDI ARABIA  24,776,195 
Singapore - 0.8%   
Ascendas Real Estate Investment Trust 283,297 662,073 
CapitaLand Ltd. 222,473 621,905 
CapitaMall Trust 423,884 684,840 
City Developments Ltd. 39,900 236,567 
ComfortDelgro Corp. Ltd. 181,900 235,107 
DBS Group Holdings Ltd. 163,090 3,665,619 
Flex Ltd. (a) 46,897 816,008 
Frasers Centrepoint Trust 124,600 227,524 
Frasers Logistics & Industrial Trust 244,900 270,526 
Genting Singapore Ltd. 536,900 348,990 
Keppel Corp. Ltd. 128,500 523,367 
Keppel DC (REIT) 112,700 227,814 
Mapletree Commercial Trust 213,818 351,878 
Mapletree Industrial (REIT) 153,617 326,685 
Mapletree Logistics Trust (REIT) 264,461 395,474 
Oversea-Chinese Banking Corp. Ltd. 365,254 3,348,562 
Singapore Airlines Ltd. (a) 115,650 438,304 
Singapore Exchange Ltd. 72,800 571,678 
Singapore Technologies Engineering Ltd. 135,800 393,904 
Singapore Telecommunications Ltd. 637,400 1,197,445 
Suntec (REIT) 200,900 230,980 
United Overseas Bank Ltd. 139,400 2,785,381 
UOL Group Ltd. 42,200 244,178 
Venture Corp. Ltd. 24,200 366,432 
Wilmar International Ltd. 262,100 1,028,113 
TOTAL SINGAPORE  20,199,354 
South Africa - 1.0%   
Absa Group Ltd. 65,032 549,089 
Anglo American Platinum Ltd. 5,333 729,877 
AngloGold Ashanti Ltd. 38,254 789,075 
Aspen Pharmacare Holdings Ltd. (a) 34,506 384,259 
Bidcorp Ltd. 30,286 597,095 
Bidvest Group Ltd. 29,962 346,032 
Capitec Bank Holdings Ltd. 8,308 851,509 
Clicks Group Ltd. 22,000 367,413 
Discovery Ltd. (a) 42,098 383,171 
Exxaro Resources Ltd. 21,378 224,799 
FirstRand Ltd. 486,622 1,712,614 
Foschini Ltd. (a) 30,583 242,808 
Gold Fields Ltd. 79,136 742,604 
Growthpoint Properties Ltd. 312,852 313,230 
Harmony Gold Mining Co. Ltd. 50,882 229,321 
Impala Platinum Holdings Ltd. 71,944 1,344,349 
Kumba Iron Ore Ltd. 5,175 234,915 
Mr Price Group Ltd. 23,113 289,835 
MTN Group Ltd. 157,724 996,426 
MultiChoice Group Ltd. 40,215 346,039 
Naspers Ltd. Class N 39,674 9,029,009 
Nedbank Group Ltd. 35,445 361,379 
Northam Platinum Ltd. (a) 30,995 534,283 
Old Mutual Ltd. 410,300 357,890 
Remgro Ltd. 48,582 368,423 
Sanlam Ltd. 163,072 629,912 
Sasol Ltd. (a) 52,804 888,322 
Shoprite Holdings Ltd. 43,994 438,620 
Sibanye Stillwater Ltd. 251,830 1,171,614 
Spar Group Ltd. 18,240 230,740 
Standard Bank Group Ltd. 119,034 968,606 
Tiger Brands Ltd. 17,569 236,232 
Vodacom Group Ltd. 63,856 553,602 
Woolworths Holdings Ltd. (a) 100,778 341,613 
TOTAL SOUTH AFRICA  27,784,705 
Spain - 1.5%   
Acciona SA 1,991 346,365 
ACS Actividades de Construccion y Servicios SA 24,220 789,985 
Aena Sme SA (a)(b) 6,764 1,176,703 
Amadeus IT Holding SA Class A (a) 41,171 2,803,667 
Banco Bilbao Vizcaya Argentaria SA 608,623 3,417,484 
Banco Santander SA (Spain) 1,580,147 6,107,638 
Bankinter SA 57,396 314,453 
CaixaBank SA 401,171 1,283,332 
Cellnex Telecom SA (b) 49,578 2,803,826 
EDP Renovaveis SA 22,621 539,027 
Enagas SA 22,132 482,141 
Endesa SA 28,438 747,384 
Ferrovial SA 45,680 1,298,280 
Grifols SA 22,922 621,432 
Grifols SA ADR 29,842 526,711 
Iberdrola SA 530,084 7,163,534 
Industria de Diseno Textil SA 102,112 3,636,274 
International Consolidated Airlines Group SA (a)(e) 62,245 173,241 
International Consolidated Airlines Group SA CDI (a) 284,032 795,508 
Linea Directa Aseguradora SA Compania de Seguros y Reaseguros (a) 57,396 112,477 
Naturgy Energy Group SA 30,536 783,065 
Red Electrica Corporacion SA 38,223 701,941 
Repsol SA 132,370 1,580,007 
Siemens Gamesa Renewable Energy SA 20,723 749,918 
Telefonica SA 479,973 2,224,349 
TOTAL SPAIN  41,178,742 
Sweden - 2.5%   
AAK AB 16,001 366,874 
AddTech AB (B Shares) 24,295 424,740 
AF Poyry AB (B Shares) 8,230 269,293 
Alfa Laval AB 26,697 903,192 
ASSA ABLOY AB (B Shares) 90,351 2,575,343 
Atlas Copco AB:   
(A Shares) 58,209 3,527,381 
(B Shares) 36,337 1,886,482 
Avanza Bank Holding AB 11,039 397,196 
Axfood AB 10,411 260,719 
Beijer Ref AB (B Shares) 21,627 335,944 
Billerud AB 16,285 332,604 
Boliden AB 25,174 980,726 
Bravida AB (b) 17,526 260,854 
Castellum AB 23,067 561,583 
Dometic Group AB (b) 26,614 419,540 
Electrolux AB (B Shares) 23,753 666,668 
Elekta AB (B Shares) 33,396 446,961 
Embracer Group AB (a) 19,618 603,912 
Epiroc AB:   
(A Shares) 57,186 1,239,569 
(B Shares) 35,614 698,772 
EQT AB 19,284 652,174 
Ericsson (B Shares) 244,823 3,362,433 
Essity AB (B Shares) 55,722 1,818,664 
Evolution Gaming Group AB (b) 14,718 2,906,899 
Fabege AB 24,762 369,285 
Fastighets AB Balder (a) 9,135 526,267 
Getinge AB (B Shares) 19,380 655,878 
H&M Hennes & Mauritz AB (B Shares) 69,486 1,713,849 
Hexagon AB (B Shares) 25,769 2,457,713 
HEXPOL AB (B Shares) 23,745 291,850 
Holmen AB (B Shares) 8,528 401,943 
Husqvarna AB (B Shares) 36,882 513,439 
ICA Gruppen AB (e) 8,472 390,297 
Industrivarden AB:   
(A Shares) 10,505 403,048 
(C Shares) 19,312 697,149 
Indutrade AB 23,797 621,802 
Investor AB:   
(A Shares) 11,676 993,051 
(B Shares) 41,303 3,507,478 
JM AB (B Shares) 4,675 173,237 
Kinnevik AB (B Shares) 22,175 1,225,898 
L E Lundbergforetagen AB 5,742 328,151 
Latour Investment AB (B Shares) 11,378 348,105 
Lifco AB 3,896 419,259 
Lundin Petroleum AB 17,937 574,625 
Nibe Industrier AB (B Shares) 32,710 1,197,035 
Nolato AB (B Shares) 1,883 186,063 
Nordic Entertainment Group AB (B Shares) 7,000 324,964 
Peab AB 17,111 247,199 
PowerCell Sweden AB (a) 4,065 105,640 
Saab AB (B Shares) 7,019 208,110 
Samhallsbyggnadsbolaget I Norden AB (B Shares) 75,136 286,501 
Sandvik AB 99,819 2,467,898 
Sectra AB (B Shares) 2,254 161,085 
Securitas AB (B Shares) 28,959 494,135 
Sinch AB (a)(b) 4,129 652,354 
Skandinaviska Enskilda Banken AB (A Shares) 146,106 1,875,178 
Skanska AB (B Shares) 36,699 995,339 
SKF AB (B Shares) 35,114 906,724 
SSAB Svenskt Stal AB (B Shares) 58,528 293,209 
Stillfront Group AB (a) 28,480 291,174 
Svenska Cellulosa AB SCA (B Shares) 55,949 981,440 
Svenska Handelsbanken AB (A Shares) 140,264 1,624,294 
Sweco AB (B Shares) 13,836 246,793 
Swedbank AB (A Shares) 84,725 1,488,621 
Swedish Match Co. AB 14,538 1,192,502 
Swedish Orphan Biovitrum AB (a) 17,797 302,834 
Tele2 AB (B Shares) 44,767 578,258 
Telia Co. AB 227,908 943,341 
Thule Group AB (b) 8,535 387,554 
Trelleborg AB (B Shares) 21,929 571,438 
Volvo AB (B Shares) 145,226 3,548,499 
Wallenstam AB (B Shares) 17,770 274,562 
Wihlborgs Fastigheter AB 11,559 236,217 
TOTAL SWEDEN  65,579,808 
Switzerland - 5.4%   
ABB Ltd. (Reg.) 173,903 5,648,747 
Adecco SA (Reg.) 14,641 991,404 
Alcon, Inc. (Switzerland) 45,486 3,411,761 
ams AG (a) 25,651 444,627 
Baloise Holdings AG 4,339 733,580 
Compagnie Financiere Richemont SA Series A 47,550 4,879,903 
Credit Suisse Group AG 212,855 2,224,926 
Credit Suisse Group AG rights 5/6/21 (a)(c) 207,231 2 
CRISPR Therapeutics AG (a)(e) 5,980 784,995 
Geberit AG (Reg.) 3,360 2,208,972 
Givaudan SA 722 3,023,190 
Julius Baer Group Ltd. 20,646 1,299,407 
Kuehne & Nagel International AG 4,573 1,367,018 
LafargeHolcim Ltd. (Reg.) 46,720 2,880,193 
Lindt & Spruengli AG 9 888,913 
Lindt & Spruengli AG (participation certificate) 99 918,182 
Logitech International SA (Reg.) 15,898 1,782,595 
Lonza Group AG 6,834 4,344,472 
Nestle SA (Reg. S) 261,865 31,248,535 
Novartis AG 224,811 19,184,560 
Partners Group Holding AG 1,706 2,428,470 
Roche Holding AG:   
(Bearer) 1,843 640,131 
(participation certificate) 64,718 21,108,154 
Schindler Holding AG (participation certificate) 3,702 1,053,139 
SGS SA (Reg.) 471 1,392,499 
Siemens Energy AG (a) 36,835 1,231,120 
Sig Combibloc Group AG 29,529 722,988 
Sika AG 12,921 3,854,016 
Sonova Holding AG Class B 4,982 1,473,461 
Straumann Holding AG 1,054 1,505,549 
Swatch Group AG (Bearer) 2,616 800,913 
Swiss Life Holding AG 2,945 1,434,690 
Swiss Prime Site AG 6,676 648,776 
Swiss Re Ltd. 25,802 2,398,110 
Swisscom AG 2,346 1,272,350 
Temenos Group AG 6,086 893,657 
UBS Group AG 351,586 5,360,892 
VAT Group AG (b) 2,519 719,360 
Zurich Insurance Group Ltd. 13,644 5,597,568 
TOTAL SWITZERLAND  142,801,825 
Taiwan - 4.1%   
Accton Technology Corp. 46,000 523,457 
Acer, Inc. 272,000 333,856 
Advanced Ceramic X Corp. 5,000 95,545 
Advanced Wireless Semiconductor Co. 10,000 55,824 
Advantech Co. Ltd. 37,696 480,221 
AP Memory Technology Corp. 5,000 138,844 
ASE Technology Holding Co. Ltd. 312,000 1,303,207 
Asia Cement Corp. 213,000 380,725 
ASMedia Technology, Inc. 3,000 126,677 
ASPEED Tech, Inc. 2,000 151,011 
ASUSTeK Computer, Inc. 65,000 874,575 
AU Optronics Corp. (a) 798,000 933,780 
Capital Securities Corp. 214,000 147,797 
Catcher Technology Co. Ltd. 69,000 487,654 
Cathay Financial Holding Co. Ltd. 814,716 1,524,768 
Chang Hwa Commercial Bank 541,974 347,158 
Cheng Loong Corp. 86,000 137,255 
Cheng Shin Rubber Industry Co. Ltd. 188,000 363,958 
Chicony Electronics Co. Ltd. 57,000 172,356 
China Airlines Ltd. (a) 287,000 217,728 
China Development Finance Holding Corp. 1,388,000 648,180 
China Life Insurance Co. Ltd. 170,642 161,818 
China Petrochemical Development Corp. 328,300 186,794 
China Steel Corp. 1,152,000 1,620,097 
Chipbond Technology Corp. 70,000 193,881 
Chroma ATE, Inc. 35,000 242,977 
Chunghwa Telecom Co. Ltd. 402,000 1,637,980 
Compal Electronics, Inc. 339,000 303,274 
Compeq Manufacturing Co. Ltd. 105,000 162,882 
CTBC Financial Holding Co. Ltd. 1,791,000 1,461,256 
Delta Electronics, Inc. 177,000 1,915,996 
E Ink Holdings, Inc. 83,000 197,216 
E.SUN Financial Holdings Co. Ltd. 1,153,887 1,112,802 
ECLAT Textile Co. Ltd. 20,000 383,611 
Elan Microelectronics Corp. 28,000 214,922 
Elite Material Co. Ltd. 29,000 184,720 
eMemory Technology, Inc. 5,000 184,291 
ENNOSTAR, Inc. (a) 54,500 157,581 
Eternal Materials Co. Ltd. 74,000 121,281 
EVA Airways Corp. 276,619 187,085 
Evergreen Marine Corp. (Taiwan) (a) 373,643 1,056,282 
Far Eastern Textile Ltd. 341,000 405,734 
Far EasTone Telecommunications Co. Ltd. 148,000 344,777 
Feng Hsin Iron & Steel Co. 43,000 135,870 
Feng Tay Enterprise Co. Ltd. 50,480 374,829 
First Financial Holding Co. Ltd. 924,479 757,580 
FLEXium Interconnect, Inc. 26,000 110,717 
Formosa Chemicals & Fibre Corp. 364,000 1,184,026 
Formosa Petrochemical Corp. 156,000 577,778 
Formosa Plastics Corp. 406,000 1,540,025 
Formosa Taffeta Co. Ltd. 63,000 74,622 
Foxconn Technology Co. Ltd. 91,000 224,691 
Fubon Financial Holding Co. Ltd. 669,000 1,536,940 
Genius Electronic Optical Co. Ltd. 8,000 157,452 
Giant Manufacturing Co. Ltd. 29,000 369,440 
Giga-Byte Technology Co. Ltd. 45,000 198,068 
Global Unichip Corp. 7,000 100,823 
GlobalWafers Co. Ltd. 19,000 587,440 
Great Wall Enterprise Co. Ltd. 55,214 118,351 
HannStar Display Corp. (a) 181,000 188,805 
Highwealth Construction Corp. 79,200 128,245 
HIWIN Technologies Corp. 23,447 356,592 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 1,140,800 4,735,473 
Hota Industrial Manufacturing Co. Ltd. 23,000 85,185 
Hotai Motor Co. Ltd. 32,000 691,644 
Hua Nan Financial Holdings Co. Ltd. 888,546 604,129 
IBF Financial Holdings Co. Ltd. 202,000 127,944 
Innolux Corp. 870,000 937,091 
International Games Systems Co. Ltd. 5,000 138,307 
Inventec Corp. 268,000 260,376 
ITEQ Corp. 14,000 73,895 
King Yuan Electronics Co. Ltd. 112,000 198,390 
King's Town Bank 98,000 151,673 
Kinsus Interconnect Technology Corp. 26,000 98,157 
Largan Precision Co. Ltd. 9,000 1,001,610 
Lien Hwa Industrial Corp. 103,522 182,446 
Lite-On Technology Corp. 201,000 459,614 
Lotes Co. Ltd. 7,000 136,017 
Macronix International Co. Ltd. 182,340 299,169 
Makalot Industrial Co. Ltd. 14,459 126,765 
MediaTek, Inc. 145,000 6,148,685 
Mega Financial Holding Co. Ltd. 1,019,000 1,190,565 
Merida Industry Co. Ltd. 18,000 214,493 
Merry Electronics Co. Ltd. 16,064 72,718 
Micro-Star International Co. Ltd. 62,000 409,340 
MiTAC Holdings Corp. 82,000 89,791 
momo.com, Inc. 4,000 147,432 
Nan Ya Plastics Corp. 518,000 1,634,911 
Nan Ya Printed Circuit Board Corp. 19,000 216,550 
Nanya Technology Corp. 106,000 347,454 
Nien Made Enterprise Co. Ltd. 12,000 194,096 
Novatek Microelectronics Corp. 51,000 1,138,808 
Oneness Biotech Co. Ltd. (a) 21,000 177,348 
Pegatron Corp. 198,000 521,481 
Phison Electronics Corp. 15,000 324,208 
PixArt Imaging, Inc. 15,000 105,475 
Pou Chen Corp. 253,000 322,305 
Powertech Technology, Inc. 63,000 251,369 
Poya International Co. Ltd. 5,000 109,501 
President Chain Store Corp. 51,000 494,579 
Primax Electronics Ltd. 46,000 100,247 
Qisda Corp. 152,000 197,989 
Quanta Computer, Inc. 263,000 926,076 
Radiant Opto-Electronics Corp. 42,000 193,129 
Realtek Semiconductor Corp. 43,000 818,608 
RichWave Technology Corp. 5,000 97,334 
Ruentex Development Co. Ltd. 79,200 150,493 
Ruentex Industries Ltd. 27,600 84,148 
Shin Kong Financial Holding Co. Ltd. 1,134,538 410,050 
Simplo Technology Co. Ltd. 15,000 201,288 
SINBON Electronics Co. Ltd. 17,000 158,168 
Sino-American Silicon Products, Inc. 50,000 349,794 
Sinopac Holdings Co. 1,003,180 477,448 
Standard Foods Corp. 64,000 130,313 
Synnex Technology International Corp. 128,000 255,130 
Ta Chen Stainless Pipe Co. Ltd. 128,000 219,860 
Taichung Commercial Bank Co. Ltd. 216,100 92,410 
Taishin Financial Holdings Co. Ltd. 960,402 484,583 
Taiwan Business Bank 566,423 206,746 
Taiwan Cement Corp. 440,859 821,927 
Taiwan Cooperative Financial Holding Co. Ltd. 859,448 658,157 
Taiwan Fertilizer Co. Ltd. 87,000 189,909 
Taiwan High Speed Rail Corp. 189,000 212,705 
Taiwan Mobile Co. Ltd. 211,000 755,055 
Taiwan Semiconductor Manufacturing Co. Ltd. 1,725,000 36,312,252 
Taiwan Surface Mounting Technology Co. Ltd. 18,000 74,718 
Taiwan Union Technology Corp. 25,000 105,565 
TECO Electric & Machinery Co. Ltd. 129,000 161,106 
The Shanghai Commercial & Savings Bank Ltd. 403,000 626,600 
Tong Hsing Electronics Industries Ltd. 14,000 96,690 
Tripod Technology Corp. 40,000 198,962 
Tung Ho Steel Enterprise Corp. 68,000 144,054 
TXC Corp. 19,000 86,688 
Unified-President Enterprises Corp. 470,000 1,263,088 
Unimicron Technology Corp. 115,000 473,251 
United Integrated Services Co. 14,000 121,990 
United Microelectronics Corp. 1,057,000 2,107,292 
United Renewable Energy Co. Ltd. (a) 221,000 112,695 
Vanguard International Semiconductor Corp. 82,000 350,653 
Voltronic Power Technology Corp. 6,250 285,158 
Walsin Lihwa Corp. 219,000 239,023 
Walsin Technology Corp. 33,000 286,366 
Wan Hai Lines Ltd. 128,000 433,766 
Win Semiconductors Corp. 35,000 459,027 
Winbond Electronics Corp. 241,000 307,880 
Wistron Corp. 259,000 303,070 
Wiwynn Corp. 8,000 261,657 
WPG Holding Co. Ltd. 137,040 252,552 
XinTec, Inc. (a) 12,000 66,989 
Yageo Corp. 35,000 680,086 
Yang Ming Marine Transport Corp. (a) 124,000 354,096 
YFY, Inc. 117,000 159,098 
Yuanta Financial Holding Co. Ltd. 1,101,160 1,024,518 
TOTAL TAIWAN  110,563,578 
Thailand - 0.7%   
Advanced Info Service PCL (For. Reg.) 34,600 189,939 
Advanced Information Service PCL NVDR 69,800 383,172 
Airports of Thailand PCL:   
(depositary receipt) 78,500 156,244 
(For. Reg.) 351,900 700,411 
Asset World Corp. PCL NVDR unit 733,400 112,070 
B. Grimm Power PCL:   
unit 47,800 65,600 
(For. Reg.) 73,400 100,734 
Bangkok Bank PCL (For. Reg.) 149,900 584,682 
Bangkok Chain Hospital PCL unit 106,800 62,057 
Bangkok Commercial Asset Management PCL 98,700 65,272 
Bangkok Dusit Medical Services PCL (For. Reg.) 780,200 543,510 
Bangkok Expressway and Metro PCL 573,400 147,262 
Banpu PCL:   
(For. Reg.) 387,400 152,970 
NVDR unit 54,400 21,481 
BCPG PCL unit 161,900 73,804 
Berli Jucker PCL (For. Reg) 78,600 89,576 
BTS Group Holdings PCL (For. Reg.) 577,800 166,013 
Bumrungrad Hospital PCL (For. Reg.) 37,300 160,456 
Carabao Group PCL 26,700 96,429 
Carabao Group PCL NVDR unit 15,500 55,979 
Central Pattana PCL:   
unit 29,600 49,650 
(For. Reg.) 232,900 390,659 
Central Retail Corp. PCL 387,808 435,739 
Central Retail Corp. PCL unit 60,500 67,978 
Charoen Pokphand Foods PCL (For. Reg.) 517,700 481,968 
Com7 PCL unit 71,600 169,518 
CP ALL PCL (For. Reg.) 425,700 854,133 
Delta Electronics PCL:   
(For. Reg.) 36,700 417,072 
NVDR 1,900 21,592 
Electricity Generating PCL:   
(For. Reg.) 17,700 100,291 
NVDR 14,800 83,859 
Energy Absolute PCL:   
unit 35,400 69,323 
(For. Reg.) 201,900 395,374 
Global Power Synergy Public Co. Ltd. 59,694 139,414 
Gulf Energy Development PCL:   
unit 29,000 32,119 
(For. Reg.) 398,000 440,803 
Hana Microelectronics PCL (For. Reg.) 49,400 88,016 
Home Product Center PCL (For. Reg.) 546,000 247,146 
Indorama Ventures PCL:   
unit 48,500 74,735 
(For. Reg.) 178,000 274,286 
Intouch Holdings PCL:   
(For. Reg.) 176,500 361,216 
NVDR 40,100 82,067 
IRPC PCL:   
(For. Reg.) 867,400 115,282 
NVDR 229,700 30,528 
JMT Network Services PCL unit 57,600 83,210 
Kasikornbank PCL:   
NVDR 22,000 93,226 
(For. Reg.) 190,600 807,679 
KCE Electronics PCL NVDR 74,100 138,566 
Kiatnakin Bank PCL (For. Reg.) 86,000 160,819 
Krung Thai Bank PCL (For. Reg.) 454,300 164,802 
Krungthai Card PCL:   
(For. Reg.) 77,300 189,218 
NVDR 15,400 37,697 
Land & House PCL:   
NVDR 248,400 68,978 
(For. Reg.) 623,700 173,194 
Minor International PCL:   
unit 50,700 48,828 
warrants 9/30/21 (a) 4,695 101 
warrants 7/31/23 (a) 9,669 3,104 
(For. Reg.) 329,621 317,452 
MK Restaurants Group PCL unit 54,500 89,230 
Muangthai Leasing PCL 49,300 101,291 
Muangthai Leasing PCL unit 30,300 62,254 
Osotspa PCL 72,200 82,862 
PTT Exploration and Production PCL (For. Reg.) 110,900 423,663 
PTT Global Chemical PCL:   
(For. Reg.) 196,600 427,597 
NVDR 33,000 71,774 
PTT PCL:   
(For. Reg.) 988,100 1,268,828 
NVDR 303,100 389,213 
Ratchaburi Electric Generating Holding PCL (For. Reg.) 39,700 64,361 
Siam Cement PCL (For. Reg.) 56,500 837,978 
Siam Commercial Bank PCL:   
unit 80,300 270,674 
(For. Reg.) 204,900 690,674 
Siam Global House PCL 4 3 
Siam Global House PCL unit 261,245 187,862 
Sri Trang Agro-Industry PCL NVDR 89,000 135,000 
Sri Trang Gloves Thailand PCL unit 104,300 148,163 
Srisawad Corp. PCL:   
unit 20,000 53,451 
warrants 8/29/25 (a) 2,460 1,603 
(For. Reg.) 70,600 188,682 
Star Petroleum Refining PCL unit 224,000 67,596 
Thai Beverage PCL 785,400 421,988 
Thai Oil PCL:   
(For. Reg.) 88,200 167,764 
NVDR 9,800 18,640 
Thai Union Frozen Products PCL (For. Reg.) 199,600 96,756 
Thanachart Capital PCL (For. Reg.) 57,900 65,986 
TISCO Financial Group PCL 63,900 189,751 
TISCO Financial Group PCL NVDR 25,700 76,316 
TMB Bank PCL:   
unit 611,200 22,957 
(For. Reg.) 4,663,725 175,170 
TOA Paint Thailand PCL NVDR unit 69,800 77,307 
Total Access Communication PCL:   
(For. Reg.) 43,200 45,419 
NVDR 19,700 20,712 
True Corp. PCL:   
unit 824,100 86,246 
(For. Reg.) 1,465,600 153,382 
VGI PCL 266,600 53,063 
VGI PCL unit 232,300 46,236 
WHA Corp. PCL 801,800 87,001 
WHA Corp. PCL unit 475,500 51,595 
TOTAL THAILAND  19,056,351 
Turkey - 0.1%   
AG Anadolu Grubu Holding A/S 6,729 17,475 
Akbank TAS 266,308 156,978 
Aksa Akrilik Kimya Sanayii 12,254 24,260 
Anadolu Efes Biracilik Ve Malt Sanayii A/S 14,067 39,625 
Arcelik A/S 16,974 70,490 
Aselsan A/S 39,366 71,326 
Bera Holding A/S (a) 27,212 107,615 
Bim Birlesik Magazalar A/S JSC 44,725 351,155 
Coca-Cola Icecek Sanayi A/S 9,335 88,910 
Dogan Sirketler Grubu Holding A/S 75,022 26,733 
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S 173,683 38,182 
Enerjisa Enerji A/S (b) 38,015 47,296 
Enka Insaat ve Sanayi A/S 151,199 143,369 
Eregli Demir ve Celik Fabrikalari T.A.S. 127,848 294,033 
Ford Otomotiv Sanayi A/S 6,509 138,219 
Haci Omer Sabanci Holding A/S 123,537 120,720 
Hektas Ticaret A/S (a) 16,722 16,563 
Hektas Ticaret A/S rights 5/17/21 (a) 8,273 12,611 
Is Yatirim Menkul Degerler A/S 10,546 19,567 
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class D (a) 61,395 53,098 
Koc Holding A/S 93,286 206,319 
KOZA, Inc. (a) 11,835 19,685 
Koza Altin Isletmeleri A/S (a) 5,167 70,526 
Logo Yazilim Sanayi Ve Ticar 1,455 28,472 
Migros Turk Ticaret A/S (a) 6,506 28,527 
MLP Saglik Hizmetleri A/S (a)(b) 8,322 24,568 
Nuh Cimento Sanayi A/S 4,829 33,044 
Otokar Otomotiv ve Savunma Sanayi A.S. 562 23,488 
Oyak Cimento Fabrikalari A/S (a) 91,428 75,981 
Pegasus Hava Tasimaciligi A/S (a) 2,534 22,513 
Petkim Petrokimya Holding A/S 102,876 83,382 
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S 20,490 37,125 
Sok Marketler Ticaret A/S (a) 18,826 27,516 
TAV Havalimanlari Holding A/S (a) 12,849 33,400 
Tekfen Holding A/S 14,772 28,710 
Tofas Turk Otomobil Fabrikasi A/S 9,634 34,725 
Turk Hava Yollari AO (a) 49,637 73,328 
Turk Sise ve Cam Fabrikalari A/S 117,630 106,707 
Turk Traktor ve Ziraat Makinalari A/S 1,037 26,154 
Turkcell Iletisim Hizmet A/S 102,924 184,496 
Turkiye Garanti Bankasi A/S 184,838 160,976 
Turkiye Halk Bankasi A/S (a) 46,792 24,247 
Turkiye Is Bankasi A/S Series C 119,015 70,011 
Turkiye Petrol Rafinerileri A/S (a) 11,230 119,032 
Turkiye Sinai Kalkinma Bankasi A/S 119,739 18,224 
Turkiye Vakiflar Bankasi TAO (a) 75,722 31,281 
Ulker Biskuvi Sanayi A/S 11,675 31,025 
Yapi ve Kredi Bankasi A/S 240,353 60,968 
TOTAL TURKEY  3,522,655 
United Arab Emirates - 0.3%   
Abu Dhabi Commercial Bank PJSC 247,606 422,659 
Abu Dhabi National Oil Co. for Distribution PJSC 211,357 260,661 
Aldar Properties PJSC 484,899 463,361 
Dubai Islamic Bank Pakistan Ltd. 460,598 558,012 
Emaar Properties PJSC (a) 453,733 460,756 
Emirates NBD Bank PJSC 221,860 751,986 
Emirates Telecommunications Corp. 309,738 1,786,001 
First Abu Dhabi Bank PJSC 667,700 2,588,527 
TOTAL UNITED ARAB EMIRATES  7,291,963 
United Kingdom - 8.5%   
3i Group PLC 88,831 1,572,758 
Admiral Group PLC 23,554 1,017,840 
Anglo American PLC (United Kingdom) 124,110 5,262,045 
Antofagasta PLC 31,368 808,149 
Ashtead Group PLC 40,864 2,624,802 
Associated British Foods PLC 32,750 1,043,894 
AstraZeneca PLC (United Kingdom) 119,663 12,737,404 
Atlassian Corp. PLC (a) 12,166 2,890,155 
Auto Trader Group PLC (a)(b) 91,379 719,390 
Avast PLC (b) 68,212 450,013 
Aveva Group PLC 10,592 509,057 
Aviva PLC 357,489 1,976,322 
BAE Systems PLC 294,691 2,058,486 
Barclays PLC 1,488,426 3,603,436 
Barratt Developments PLC 94,113 1,003,405 
Bellway PLC 10,881 542,783 
Berkeley Group Holdings PLC 11,531 736,845 
BHP Group PLC 191,829 5,776,895 
BP PLC 1,838,800 7,697,862 
British American Tobacco PLC (United Kingdom) 208,433 7,733,564 
British Land Co. PLC 84,890 607,758 
BT Group PLC (a) 801,819 1,826,577 
Bunzl PLC 30,765 988,696 
Burberry Group PLC (a) 37,194 1,058,669 
Centrica PLC 521,715 408,244 
Coca-Cola European Partners PLC 18,343 1,042,249 
Compass Group PLC (a) 162,667 3,538,703 
ConvaTec Group PLC (b) 141,996 427,898 
Croda International PLC 12,982 1,212,703 
Dechra Pharmaceuticals PLC 10,036 559,121 
Derwent London PLC 10,269 472,119 
Diageo PLC 211,934 9,514,017 
Diploma PLC 11,123 440,566 
Direct Line Insurance Group PLC 127,617 502,476 
DS Smith PLC 126,512 735,219 
Electrocomponents PLC 41,483 610,712 
Evraz PLC 49,154 436,088 
Games Workshop Group PLC 3,078 461,220 
Genus PLC 6,065 425,923 
GlaxoSmithKline PLC 456,721 8,440,097 
GW Pharmaceuticals PLC ADR (a) 2,893 633,567 
Halma PLC 34,835 1,245,058 
Hargreaves Lansdown PLC 25,254 599,711 
Hikma Pharmaceuticals PLC 15,290 515,237 
HomeServe PLC 25,440 384,365 
Howden Joinery Group PLC 53,321 595,592 
HSBC Holdings PLC (United Kingdom) 1,883,831 11,762,102 
IG Group Holdings PLC 33,312 421,411 
IMI PLC 25,562 562,720 
Imperial Brands PLC 87,032 1,811,948 
Informa PLC (a) 138,033 1,071,725 
InterContinental Hotel Group PLC (a) 17,173 1,220,366 
Intermediate Capital Group PLC 26,304 794,111 
Intertek Group PLC 14,795 1,254,155 
ITV PLC 319,934 534,632 
J Sainsbury PLC 161,857 531,337 
JD Sports Fashion PLC (a) 43,938 557,290 
Johnson Matthey PLC 17,859 801,586 
Kingfisher PLC 194,088 958,147 
Land Securities Group PLC 68,163 678,536 
Legal & General Group PLC 546,397 2,055,535 
Lloyds Banking Group PLC 6,453,886 4,047,103 
London Stock Exchange Group PLC 29,164 2,980,494 
M&G PLC 241,938 726,061 
Meggitt PLC 70,350 452,751 
Melrose Industries PLC 436,003 980,889 
Mondi PLC 44,591 1,210,094 
National Grid PLC 346,302 4,365,329 
NatWest Group PLC 420,867 1,142,715 
Network International Holdings PLC (a)(b) 25,138 145,776 
Next PLC (a) 12,147 1,308,833 
Ocado Group PLC (a) 55,469 1,606,417 
Pearson PLC 67,566 775,122 
Pennon Group PLC 39,076 558,008 
Persimmon PLC 29,299 1,267,313 
Phoenix Group Holdings PLC 72,598 713,260 
Prudential PLC 237,798 5,035,202 
Quilter PLC (b) 159,971 361,217 
Reckitt Benckiser Group PLC 67,030 5,968,195 
RELX PLC:   
rights (a)(d) 179,991 83,025 
(London Stock Exchange) 179,991 4,671,997 
Rentokil Initial PLC 169,499 1,171,369 
Rightmove PLC 79,342 672,792 
Rio Tinto PLC 98,170 8,222,451 
Rolls-Royce Holdings PLC 765,936 1,106,666 
Rotork PLC 75,199 357,879 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 371,647 6,993,012 
Class B (United Kingdom) 339,677 6,078,069 
Royal Mail PLC (a) 92,598 634,297 
RSA Insurance Group PLC 95,042 895,703 
Sage Group PLC 100,278 883,559 
Schroders PLC 11,438 569,936 
Segro PLC 108,563 1,507,556 
Severn Trent PLC 22,614 773,593 
Signature Aviation PLC 66,706 372,459 
Smith & Nephew PLC 80,756 1,747,863 
Smiths Group PLC 35,598 799,138 
Spectris PLC 10,762 483,637 
Spirax-Sarco Engineering PLC 6,739 1,099,610 
SSE PLC 96,056 1,947,421 
St. James's Place Capital PLC 49,401 928,887 
Standard Chartered PLC (United Kingdom) 242,447 1,739,784 
Standard Life PLC 202,690 776,792 
Tate & Lyle PLC 42,360 468,010 
Taylor Wimpey PLC 326,676 810,276 
Tesco PLC 707,934 2,161,017 
The Weir Group PLC 24,102 638,094 
Travis Perkins PLC (a) 20,057 425,745 
Tritax Big Box REIT PLC 150,013 394,255 
Unilever PLC 239,159 14,009,245 
Unite Group PLC 36,931 594,191 
United Utilities Group PLC 63,277 846,380 
Vodafone Group PLC 2,440,702 4,606,095 
Whitbread PLC (a) 18,574 832,139 
Wickes Group PLC (a) 22,475 77,582 
WM Morrison Supermarkets PLC 218,481 524,563 
TOTAL UNITED KINGDOM  228,013,157 
United States of America - 0.2%   
Farfetch Ltd. Class A (a) 19,494 955,011 
Fiverr International Ltd. (a)(e) 1,496 311,273 
Kolon TissueGene, Inc. unit (a)(c) 911 6,525 
Li Auto, Inc. ADR (a) 13,147 259,522 
Millicom International Cellular SA (a) 10,933 428,792 
Stratasys Ltd. (a) 5,744 128,723 
Tilray, Inc. Class 2 (a)(e) 12,941 237,338 
XP, Inc. Class A (a) 13,043 516,503 
Yum China Holdings, Inc. 38,392 2,415,625 
TOTAL UNITED STATES OF AMERICA  5,259,312 
TOTAL COMMON STOCKS   
(Cost $2,159,692,868)  2,578,623,129 
Nonconvertible Preferred Stocks - 1.0%   
Brazil - 0.3%   
Alpargatas SA (PN) (a) 13,700 100,202 
Azul SA (a) 22,100 156,635 
Banco Bradesco SA (PN) 446,254 1,959,326 
Banco Inter SA (b) 2,803 40,187 
Bradespar SA (PN) 19,700 257,527 
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) 23,729 161,541 
Companhia Energetica de Minas Gerais (CEMIG) (PN) 106,491 271,322 
Companhia Paranaense de Energia-COPEL (PN-B) 99,100 114,205 
Gerdau SA 94,200 576,085 
Itau Unibanco Holding SA 445,750 2,259,091 
Itausa-Investimentos Itau SA (PN) 397,200 735,603 
Lojas Americanas SA (PN) 81,890 314,472 
Metalurgica Gerdau SA (PN) 72,100 197,238 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) 422,400 1,836,708 
TOTAL BRAZIL  8,980,142 
Chile - 0.0%   
Sociedad Quimica y Minera de Chile SA (PN-B) (a) 12,699 669,122 
Colombia - 0.0%   
Bancolombia SA (PN) 42,116 314,189 
Grupo Aval Acciones y Valores SA 483,108 142,230 
TOTAL COLOMBIA  456,419 
Germany - 0.4%   
Henkel AG & Co. KGaA 16,198 1,860,940 
Porsche Automobil Holding SE (Germany) 14,012 1,477,097 
Sartorius AG (non-vtg.) 3,118 1,758,850 
Volkswagen AG 16,729 4,358,366 
TOTAL GERMANY  9,455,253 
Korea (South) - 0.2%   
Hyundai Motor Co. 1,790 170,472 
Hyundai Motor Co. Series 2 3,998 378,964 
LG Chemical Ltd. 840 334,639 
LG Electronics, Inc. 2,911 192,890 
LG Household & Health Care Ltd. 185 118,450 
Samsung Electronics Co. Ltd. 70,215 4,602,389 
Samsung SDI Co. Ltd. 430 173,226 
TOTAL KOREA (SOUTH)  5,971,030 
Russia - 0.1%   
AK Transneft OAO 134 252,650 
Sberbank of Russia 118,220 445,481 
Surgutneftegas OJSC 714,700 407,158 
TOTAL RUSSIA  1,105,289 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $24,149,001)  26,637,255 
 Principal Amount Value 
Government Obligations - 0.1%   
United States of America - 0.1%   
U.S. Treasury Bills, yield at date of purchase 0.09% 5/6/21
(Cost $2,999,964)(f) 		3,000,000 2,999,999 
 Shares Value 
Money Market Funds - 2.7%   
Fidelity Cash Central Fund 0.04% (g) 61,712,569 61,724,912 
Fidelity Securities Lending Cash Central Fund 0.04% (g)(h) 9,641,764 9,642,728 
TOTAL MONEY MARKET FUNDS   
(Cost $71,367,451)  71,367,640 
TOTAL INVESTMENT IN SECURITIES - 100.3%   
(Cost $2,258,209,284)  2,679,628,023 
NET OTHER ASSETS (LIABILITIES) - (0.3)%  (7,890,896) 
NET ASSETS - 100%  $2,671,737,127 

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) 364 June 2021 $41,113,800 $965,949 $965,949 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 304 June 2021 20,316,320 254,945 254,945 
TME S&P/TSX 60 Index Contracts (Canada) 25 June 2021 4,618,639 63,945 63,945 
TOTAL FUTURES CONTRACTS     $1,284,839 

The notional amount of futures purchased as a percentage of Net Assets is 2.5%

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 $69,122,846 or 2.6% 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) 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 $2,999,999.

 (g) 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.

 (h) 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 $28,850 
Fidelity Securities Lending Cash Central Fund 59,019 
Total $87,869 

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. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2021, 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 $200,483,060 $103,019,581 $97,463,479 $-- 
Consumer Discretionary 343,804,507 255,440,762 88,004,874 358,871 
Consumer Staples 207,432,546 114,246,700 93,185,846 -- 
Energy 108,284,302 64,480,744 43,803,558 -- 
Financials 480,749,154 358,790,482 121,958,670 2 
Health Care 229,082,692 115,934,257 113,093,024 55,411 
Industrials 331,887,301 246,263,394 84,264,995 1,358,912 
Information Technology 330,399,351 213,916,471 116,084,471 398,409 
Materials 220,883,778 171,005,352 49,776,020 102,406 
Real Estate 74,128,348 74,014,885 113,463 -- 
Utilities 78,125,345 55,157,216 22,968,129 -- 
Government Obligations 2,999,999 -- 2,999,999 -- 
Money Market Funds 71,367,640 71,367,640 -- -- 
Total Investments in Securities: $2,679,628,023 $1,843,637,484 $833,716,528 $2,274,011 
Derivative Instruments:     
Assets     
Futures Contracts $1,284,839 $1,284,839 $-- $-- 
Total Assets $1,284,839 $1,284,839 $-- $-- 
Total Derivative Instruments: $1,284,839 $1,284,839 $-- $-- 

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, 2021. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $1,284,839 $0 
Total Equity Risk 1,284,839 0 
Total Value of Derivatives $1,284,839 $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 Total accumulated earnings (loss).

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, 2021 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $8,235,179) — See accompanying schedule:
Unaffiliated issuers (cost $2,186,841,833) 		$2,608,260,383  
Fidelity Central Funds (cost $71,367,451) 71,367,640  
Total Investment in Securities (cost $2,258,209,284)  $2,679,628,023 
Segregated cash with brokers for derivative instruments  801,474 
Cash  30,885 
Foreign currency held at value (cost $5,028,321)  5,023,097 
Receivable for investments sold  153 
Receivable for fund shares sold  7,044,748 
Dividends receivable  9,100,524 
Distributions receivable from Fidelity Central Funds  30,179 
Other receivables  6,652 
Total assets  2,701,665,735 
Liabilities   
Payable for investments purchased   
Regular delivery $16,765,985  
Delayed delivery 221,868  
Payable for fund shares redeemed 1,015,266  
Payable for daily variation margin on futures contracts 829,563  
Other payables and accrued expenses 1,453,101  
Collateral on securities loaned 9,642,825  
Total liabilities  29,928,608 
Net Assets  $2,671,737,127 
Net Assets consist of:   
Paid in capital  $2,248,542,271 
Total accumulated earnings (loss)  423,194,856 
Net Assets  $2,671,737,127 
Net Asset Value, offering price and redemption price per share ($2,671,737,127 ÷ 220,452,997 shares)  $12.12 

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


Statement of Operations

  Six months ended April 30, 2021 (Unaudited) 
Investment Income   
Dividends  $28,553,447 
Interest  1,629 
Income from Fidelity Central Funds (including $59,019 from security lending)  87,869 
Income before foreign taxes withheld  28,642,945 
Less foreign taxes withheld  (3,150,333) 
Total income  25,492,612 
Expenses   
Independent trustees' fees and expenses $4,412  
Total expenses  4,412 
Net investment income (loss)  25,488,200 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers (net of foreign taxes of $180,635) (7,236,799)  
Fidelity Central Funds (436)  
Foreign currency transactions 20,158  
Futures contracts 11,972,162  
Total net realized gain (loss)  4,755,085 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers (net of increase in deferred foreign taxes of $1,304,193) 441,449,984  
Assets and liabilities in foreign currencies 68,416  
Futures contracts 2,098,556  
Total change in net unrealized appreciation (depreciation)  443,616,956 
Net gain (loss)  448,372,041 
Net increase (decrease) in net assets resulting from operations  $473,860,241 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2021 (Unaudited) Year ended October 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $25,488,200 $35,248,900 
Net realized gain (loss) 4,755,085 (16,721,752) 
Change in net unrealized appreciation (depreciation) 443,616,956 (68,510,767) 
Net increase (decrease) in net assets resulting from operations 473,860,241 (49,983,619) 
Distributions to shareholders (32,771,369) (32,813,228) 
Share transactions   
Proceeds from sales of shares 722,422,246 883,998,983 
Reinvestment of distributions 30,440,745 30,381,153 
Cost of shares redeemed (173,231,717) (441,068,830) 
Net increase (decrease) in net assets resulting from share transactions 579,631,274 473,311,306 
Total increase (decrease) in net assets 1,020,720,146 390,514,459 
Net Assets   
Beginning of period 1,651,016,981 1,260,502,522 
End of period $2,671,737,127 $1,651,016,981 
Other Information   
Shares   
Sold 61,947,391 92,059,244 
Issued in reinvestment of distributions 2,735,017 2,961,126 
Redeemed (14,931,965) (48,663,965) 
Net increase (decrease) 49,750,443 46,356,405 

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,   
 2021 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $9.67 $10.14 $9.13 $10.00 
Income from Investment Operations     
Net investment income (loss)B .13 .23 .32 .06 
Net realized and unrealized gain (loss) 2.51 (.45) .75 (.93) 
Total from investment operations 2.64 (.22) 1.07 (.87) 
Distributions from net investment income (.19) (.25) (.06) – 
Total distributions (.19) (.25) (.06) – 
Net asset value, end of period $12.12 $9.67 $10.14 $9.13 
Total ReturnC,D 27.44% (2.34)% 11.79% (8.70)% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G -% -% - %G 
Expenses net of fee waivers, if any - %G -% -% - %G 
Expenses net of all reductions - %G -% -% - %G 
Net investment income (loss) 2.26%G 2.39% 3.34% 2.42%G 
Supplemental Data     
Net assets, end of period (000 omitted) $2,671,737 $1,651,017 $1,260,503 $393,972 
Portfolio turnover rateH 11%G 8% 4% - %I,J 

 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 mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 I Amount represents less than 1%.

 J 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, 2021

 % of fund's net assets 
Apple, Inc. 5.6 
Microsoft Corp. 5.2 
Amazon.com, Inc. 4.0 
Facebook, Inc. Class A 2.1 
Alphabet, Inc. Class A 1.9 
Alphabet, Inc. Class C 1.9 
Tesla, Inc. 1.5 
Berkshire Hathaway, Inc. Class B 1.4 
JPMorgan Chase & Co. 1.3 
Johnson & Johnson 1.2 
 26.1 

Top Market Sectors as of April 30, 2021

 % of fund's net assets 
Information Technology 27.9 
Health Care 13.2 
Consumer Discretionary 12.2 
Communication Services 11.3 
Financials 11.1 
Industrials 8.4 
Consumer Staples 5.7 
Materials 2.5 
Energy 2.5 
Utilities 2.4 

Asset Allocation (% of fund's net assets)

As of April 30, 2021 * 
   Stocks and Equity Futures 99.9% 
   Short-Term Investments and Net Other Assets (Liabilities) 0.1% 


 * Foreign investments - 3.4%

Fidelity ZERO℠ Large Cap Index Fund

Schedule of Investments April 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%   
 Shares Value 
COMMUNICATION SERVICES - 11.3%   
Diversified Telecommunication Services - 1.3%   
AT&T, Inc. 755,620 $23,734,024 
Verizon Communications, Inc. 438,413 25,335,887 
  49,069,911 
Entertainment - 2.0%   
Activision Blizzard, Inc. 82,163 7,492,444 
Electronic Arts, Inc. 30,507 4,334,435 
Netflix, Inc. (a) 46,932 24,098,174 
Roku, Inc. Class A (a) 11,782 4,040,873 
Take-Two Interactive Software, Inc. (a) 12,245 2,147,528 
The Walt Disney Co. (a) 192,350 35,780,947 
  77,894,401 
Interactive Media & Services - 6.5%   
Alphabet, Inc.:   
Class A (a) 31,850 74,958,975 
Class C (a) 30,554 73,638,806 
Facebook, Inc. Class A (a) 254,870 82,853,140 
IAC (a) 8,814 2,234,085 
Match Group, Inc. (a)(b) 28,538 4,441,369 
Pinterest, Inc. Class A (a) 56,491 3,749,308 
Snap, Inc. Class A (a) 98,286 6,076,041 
Twitter, Inc. (a) 84,628 4,673,158 
Zillow Group, Inc.:   
Class A (a) 3,913 521,799 
Class C (a)(b) 16,241 2,113,279 
  255,259,960 
Media - 1.3%   
Charter Communications, Inc. Class A (a) 14,992 10,096,362 
Comcast Corp. Class A 484,483 27,203,720 
Discovery Communications, Inc.:   
Class A (a) 16,957 638,601 
Class C (non-vtg.) (a) 30,450 983,840 
Fox Corp.:   
Class A 35,573 1,331,142 
Class B 15,629 568,583 
Liberty Broadband Corp.:   
Class A (a) 2,389 376,674 
Class C (a) 22,417 3,647,694 
Liberty Media Corp.:   
Liberty Braves Class A (a)(b) 1,356 37,954 
Liberty Braves Class C (a) 3,675 101,761 
Liberty Formula One Group Series C (a) 21,594 1,013,622 
Liberty Media Class A (a)(b) 2,470 102,307 
Liberty SiriusXM Series A (a)(b) 8,595 388,408 
Liberty SiriusXM Series C (a) 17,965 812,557 
Omnicom Group, Inc. 22,734 1,870,099 
ViacomCBS, Inc.:   
Class A (b) 2,271 102,649 
Class B 61,041 2,503,902 
  51,779,875 
Wireless Telecommunication Services - 0.2%   
T-Mobile U.S., Inc. 61,904 8,179,376 
TOTAL COMMUNICATION SERVICES  442,183,523 
CONSUMER DISCRETIONARY - 12.2%   
Auto Components - 0.1%   
Aptiv PLC (a) 28,651 4,122,592 
Automobiles - 1.8%   
Ford Motor Co. (a) 414,479 4,783,088 
General Motors Co. (a) 134,428 7,691,970 
Tesla, Inc. (a) 81,362 57,721,457 
  70,196,515 
Distributors - 0.1%   
Genuine Parts Co. 15,339 1,916,915 
Pool Corp. 4,269 1,803,738 
  3,720,653 
Diversified Consumer Services - 0.0%   
Chegg, Inc. (a)(b) 14,831 1,339,684 
Hotels, Restaurants & Leisure - 2.1%   
Caesars Entertainment, Inc. (a) 22,124 2,164,612 
Carnival Corp. (a) 84,658 2,367,038 
Chipotle Mexican Grill, Inc. (a) 2,986 4,455,202 
Darden Restaurants, Inc. 13,856 2,032,952 
Domino's Pizza, Inc. 4,082 1,723,992 
DraftKings, Inc. Class A (a)(b) 34,198 1,937,659 
Expedia, Inc. (a) 14,603 2,573,487 
Hilton Worldwide Holdings, Inc. 29,324 3,773,999 
Las Vegas Sands Corp. (a) 34,910 2,138,587 
Marriott International, Inc. Class A 28,236 4,193,611 
McDonald's Corp. 79,001 18,650,556 
MGM Resorts International 43,450 1,769,284 
Penn National Gaming, Inc. (a) 15,657 1,395,352 
Royal Caribbean Cruises Ltd. 23,246 2,021,240 
Starbucks Corp. 124,782 14,286,291 
The Booking Holdings, Inc. (a) 4,341 10,705,253 
Yum! Brands, Inc. 31,840 3,805,517 
  79,994,632 
Household Durables - 0.3%   
D.R. Horton, Inc. 35,130 3,452,928 
Garmin Ltd. 15,898 2,181,842 
Lennar Corp.:   
Class A 28,687 2,971,973 
Class B 2,001 161,221 
NVR, Inc. (a) 366 1,836,625 
PulteGroup, Inc. 27,998 1,655,242 
  12,259,831 
Internet & Direct Marketing Retail - 4.3%   
Amazon.com, Inc. (a) 45,351 157,250,964 
eBay, Inc. 68,634 3,829,091 
Etsy, Inc. (a) 13,302 2,644,305 
Wayfair LLC Class A (a)(b) 7,720 2,281,800 
  166,006,160 
Leisure Products - 0.1%   
Hasbro, Inc. 13,515 1,344,067 
Peloton Interactive, Inc. Class A (a) 27,827 2,736,785 
  4,080,852 
Multiline Retail - 0.5%   
Dollar General Corp. 25,985 5,580,279 
Dollar Tree, Inc. (a) 24,818 2,851,588 
Target Corp. 53,085 11,002,397 
  19,434,264 
Specialty Retail - 2.2%   
AutoZone, Inc. (a) 2,343 3,430,433 
Best Buy Co., Inc. 24,331 2,828,965 
Burlington Stores, Inc. (a) 7,031 2,294,426 
CarMax, Inc. (a) 17,253 2,298,790 
Carvana Co. Class A (a)(b) 6,651 1,897,264 
Lowe's Companies, Inc. 77,469 15,203,291 
O'Reilly Automotive, Inc. (a) 7,454 4,121,168 
Ross Stores, Inc. 37,759 4,944,163 
The Home Depot, Inc. 114,072 36,921,684 
TJX Companies, Inc. 127,286 9,037,306 
Tractor Supply Co. 12,360 2,331,096 
Ulta Beauty, Inc. (a) 5,952 1,960,291 
  87,268,877 
Textiles, Apparel & Luxury Goods - 0.7%   
lululemon athletica, Inc. (a) 12,582 4,218,367 
NIKE, Inc. Class B 134,740 17,869,219 
VF Corp. 33,905 2,972,112 
  25,059,698 
TOTAL CONSUMER DISCRETIONARY  473,483,758 
CONSUMER STAPLES - 5.7%   
Beverages - 1.4%   
Brown-Forman Corp. Class B (non-vtg.) 19,314 1,473,272 
Constellation Brands, Inc. Class A (sub. vtg.) 18,036 4,334,412 
Keurig Dr. Pepper, Inc. 61,218 2,194,665 
Monster Beverage Corp. (a) 39,216 3,805,913 
PepsiCo, Inc. 146,168 21,071,579 
The Coca-Cola Co. 410,868 22,178,655 
  55,058,496 
Food & Staples Retailing - 1.3%   
Costco Wholesale Corp. 46,899 17,450,649 
Kroger Co. 80,350 2,935,989 
Sysco Corp. 54,106 4,584,401 
Walgreens Boots Alliance, Inc. 76,024 4,036,874 
Walmart, Inc. 146,846 20,545,224 
  49,553,137 
Food Products - 0.9%   
Archer Daniels Midland Co. 59,267 3,741,526 
Conagra Brands, Inc. 51,641 1,915,365 
General Mills, Inc. 64,869 3,947,927 
Hormel Foods Corp. 29,588 1,366,966 
Kellogg Co. 27,083 1,690,521 
McCormick & Co., Inc. (non-vtg.) 26,438 2,388,938 
Mondelez International, Inc. 149,675 9,101,737 
The Hershey Co. 15,477 2,542,871 
The J.M. Smucker Co. 11,535 1,510,970 
The Kraft Heinz Co. 68,415 2,824,855 
Tyson Foods, Inc. Class A 31,108 2,409,315 
  33,440,991 
Household Products - 1.3%   
Church & Dwight Co., Inc. 26,108 2,238,500 
Colgate-Palmolive Co. 89,942 7,258,319 
Kimberly-Clark Corp. 35,872 4,782,455 
Procter & Gamble Co. 260,826 34,799,405 
The Clorox Co. 13,288 2,425,060 
  51,503,739 
Personal Products - 0.2%   
Estee Lauder Companies, Inc. Class A 24,349 7,640,716 
Tobacco - 0.6%   
Altria Group, Inc. 197,101 9,411,573 
Philip Morris International, Inc. 165,030 15,677,850 
  25,089,423 
TOTAL CONSUMER STAPLES  222,286,502 
ENERGY - 2.5%   
Energy Equipment & Services - 0.2%   
Baker Hughes Co. Class A 76,660 1,539,333 
Halliburton Co. 94,827 1,854,816 
Schlumberger Ltd. 147,760 3,996,908 
  7,391,057 
Oil, Gas & Consumable Fuels - 2.3%   
Cheniere Energy, Inc. (a)(b) 24,519 1,900,713 
Chevron Corp. 204,115 21,038,133 
ConocoPhillips Co. 143,644 7,345,954 
EOG Resources, Inc. 61,875 4,556,475 
Exxon Mobil Corp. 448,597 25,677,692 
Hess Corp. 29,003 2,161,014 
Kinder Morgan, Inc. 205,606 3,505,582 
Marathon Petroleum Corp. 69,121 3,846,584 
Occidental Petroleum Corp. 89,003 2,257,116 
ONEOK, Inc. 47,009 2,460,451 
Phillips 66 Co. 46,352 3,750,340 
Pioneer Natural Resources Co. 21,832 3,358,417 
The Williams Companies, Inc. 128,193 3,122,781 
Valero Energy Corp. 43,338 3,205,278 
  88,186,530 
TOTAL ENERGY  95,577,587 
FINANCIALS - 11.1%   
Banks - 4.2%   
Bank of America Corp. 804,950 32,624,624 
Citigroup, Inc. 221,211 15,759,072 
Citizens Financial Group, Inc. 45,259 2,094,587 
Fifth Third Bancorp 75,150 3,046,581 
First Republic Bank 18,579 3,404,416 
Huntington Bancshares, Inc. 107,647 1,649,152 
JPMorgan Chase & Co. 323,294 49,725,850 
KeyCorp 103,027 2,241,868 
M&T Bank Corp. 13,658 2,153,730 
PNC Financial Services Group, Inc. 44,960 8,405,272 
Regions Financial Corp. 102,320 2,230,576 
SVB Financial Group (a) 5,699 3,258,859 
Truist Financial Corp. 142,848 8,472,315 
U.S. Bancorp 144,907 8,600,230 
Wells Fargo & Co. 438,068 19,734,963 
  163,402,095 
Capital Markets - 3.0%   
Ameriprise Financial, Inc. 12,331 3,186,330 
Bank of New York Mellon Corp. 85,552 4,267,334 
BlackRock, Inc. Class A 15,041 12,323,091 
Charles Schwab Corp. 158,599 11,165,370 
CME Group, Inc. 38,045 7,684,710 
Goldman Sachs Group, Inc. 36,467 12,706,926 
Intercontinental Exchange, Inc. 59,513 7,005,275 
KKR & Co. LP 61,133 3,458,905 
MarketAxess Holdings, Inc. 4,031 1,968,982 
Moody's Corp. 17,053 5,571,386 
Morgan Stanley 159,033 13,128,174 
MSCI, Inc. 8,754 4,252,431 
NASDAQ, Inc. 12,173 1,966,426 
Northern Trust Corp. 21,997 2,503,259 
Raymond James Financial, Inc. 12,895 1,686,408 
S&P Global, Inc. 25,505 9,956,897 
State Street Corp. 37,139 3,117,819 
T. Rowe Price Group, Inc. 24,183 4,333,594 
The Blackstone Group LP 72,461 6,412,074 
  116,695,391 
Consumer Finance - 0.7%   
Ally Financial, Inc. 39,804 2,047,916 
American Express Co. 69,141 10,602,772 
Capital One Financial Corp. 48,680 7,257,214 
Discover Financial Services 32,389 3,692,346 
Synchrony Financial 57,779 2,527,253 
  26,127,501 
Diversified Financial Services - 1.4%   
Berkshire Hathaway, Inc. Class B (a) 201,977 55,533,576 
Insurance - 1.8%   
AFLAC, Inc. 67,888 3,647,622 
Allstate Corp. 32,104 4,070,787 
American International Group, Inc. 91,739 4,444,755 
Aon PLC 23,956 6,023,497 
Arch Capital Group Ltd. (a) 42,826 1,700,620 
Arthur J. Gallagher & Co. 20,444 2,963,358 
Chubb Ltd. 47,718 8,187,932 
Cincinnati Financial Corp. 15,922 1,794,091 
Hartford Financial Services Group, Inc. 37,727 2,488,473 
Markel Corp. (a) 1,464 1,722,279 
Marsh & McLennan Companies, Inc. 53,836 7,305,545 
MetLife, Inc. 79,743 5,074,047 
Principal Financial Group, Inc. 26,678 1,703,924 
Progressive Corp. 62,076 6,253,536 
Prudential Financial, Inc. 42,108 4,225,959 
The Travelers Companies, Inc. 26,756 4,138,083 
Willis Towers Watson PLC 13,680 3,541,205 
  69,285,713 
TOTAL FINANCIALS  431,044,276 
HEALTH CARE - 13.2%   
Biotechnology - 2.1%   
AbbVie, Inc. 187,111 20,862,877 
Alexion Pharmaceuticals, Inc. (a) 23,306 3,931,256 
Alnylam Pharmaceuticals, Inc. (a) 12,426 1,747,593 
Amgen, Inc. 61,206 14,667,406 
Biogen, Inc. (a) 16,144 4,315,776 
BioMarin Pharmaceutical, Inc. (a) 19,125 1,490,220 
Exact Sciences Corp. (a)(b) 17,849 2,352,855 
Gilead Sciences, Inc. 133,194 8,453,823 
Incyte Corp. (a) 19,860 1,695,647 
Moderna, Inc. (a) 32,199 5,757,825 
Novavax, Inc. (a)(b) 7,205 1,707,081 
Regeneron Pharmaceuticals, Inc. (a) 11,168 5,375,158 
Seagen, Inc. (a) 13,392 1,925,234 
Vertex Pharmaceuticals, Inc. (a) 27,561 6,013,810 
  80,296,561 
Health Care Equipment & Supplies - 3.6%   
Abbott Laboratories 187,690 22,537,815 
Abiomed, Inc. (a) 4,807 1,541,749 
Align Technology, Inc. (a) 7,636 4,547,467 
Baxter International, Inc. 53,518 4,585,957 
Becton, Dickinson & Co. 30,785 7,659,616 
Boston Scientific Corp. (a) 150,182 6,547,935 
Danaher Corp. 67,160 17,054,610 
DexCom, Inc. (a) 10,199 3,937,834 
Edwards Lifesciences Corp. (a) 66,193 6,322,755 
Hologic, Inc. (a) 27,346 1,792,530 
IDEXX Laboratories, Inc. (a) 9,060 4,973,849 
Insulet Corp. (a) 6,977 2,059,750 
Intuitive Surgical, Inc. (a) 12,476 10,791,740 
Masimo Corp. (a) 5,418 1,260,606 
Medtronic PLC 142,809 18,696,554 
Novocure Ltd. (a) 9,018 1,840,574 
ResMed, Inc. 15,429 2,900,189 
STERIS PLC 9,068 1,913,529 
Stryker Corp. 34,677 9,107,221 
Teleflex, Inc. 4,930 2,082,826 
The Cooper Companies, Inc. 5,192 2,133,341 
West Pharmaceutical Services, Inc. 7,826 2,570,998 
Zimmer Biomet Holdings, Inc. 22,034 3,903,543 
  140,762,988 
Health Care Providers & Services - 2.5%   
AmerisourceBergen Corp. 15,655 1,891,124 
Anthem, Inc. 25,952 9,845,929 
Cardinal Health, Inc. 31,232 1,884,539 
Centene Corp. (a) 61,668 3,807,382 
Cigna Corp. 37,284 9,284,089 
CVS Health Corp. 138,957 10,616,315 
Guardant Health, Inc. (a) 8,980 1,427,640 
HCA Holdings, Inc. 28,112 5,652,199 
Humana, Inc. 13,659 6,081,533 
Laboratory Corp. of America Holdings (a) 10,303 2,739,259 
McKesson Corp. 16,790 3,149,132 
Quest Diagnostics, Inc. 14,175 1,869,399 
UnitedHealth Group, Inc. 100,152 39,940,618 
  98,189,158 
Health Care Technology - 0.2%   
Cerner Corp. 32,338 2,426,967 
Teladoc Health, Inc. (a)(b) 13,702 2,361,540 
Veeva Systems, Inc. Class A (a)(b) 14,485 4,091,288 
  8,879,795 
Life Sciences Tools & Services - 1.3%   
10X Genomics, Inc. (a) 7,692 1,521,478 
Agilent Technologies, Inc. 32,360 4,324,590 
Avantor, Inc. (a) 54,407 1,743,200 
Bio-Rad Laboratories, Inc. Class A (a) 2,267 1,428,505 
Bio-Techne Corp. 4,126 1,763,824 
Charles River Laboratories International, Inc. (a) 5,321 1,768,966 
Illumina, Inc. (a) 15,469 6,076,842 
IQVIA Holdings, Inc. (a) 20,292 4,762,329 
Mettler-Toledo International, Inc. (a) 2,471 3,245,214 
PerkinElmer, Inc. 11,780 1,527,041 
Thermo Fisher Scientific, Inc. 41,732 19,623,638 
Waters Corp. (a) 6,570 1,970,146 
  49,755,773 
Pharmaceuticals - 3.5%   
Bristol-Myers Squibb Co. 237,409 14,819,070 
Catalent, Inc. (a) 17,981 2,022,323 
Elanco Animal Health, Inc. (a) 49,715 1,576,463 
Eli Lilly & Co. 84,293 15,406,232 
Horizon Therapeutics PLC (a) 23,772 2,249,307 
Johnson & Johnson 278,499 45,320,142 
Merck & Co., Inc. 268,107 19,973,972 
Pfizer, Inc. 590,961 22,840,643 
Viatris, Inc. (a) 128,152 1,704,422 
Zoetis, Inc. Class A 50,379 8,717,078 
  134,629,652 
TOTAL HEALTH CARE  512,513,927 
INDUSTRIALS - 8.4%   
Aerospace & Defense - 1.5%   
General Dynamics Corp. 24,579 4,675,663 
HEICO Corp. (b) 4,417 621,914 
HEICO Corp. Class A 7,767 980,817 
L3Harris Technologies, Inc. 21,793 4,559,749 
Lockheed Martin Corp. 26,113 9,937,563 
Northrop Grumman Corp. 16,430 5,823,449 
Raytheon Technologies Corp. 160,996 13,401,307 
Teledyne Technologies, Inc. (a) 3,932 1,760,553 
The Boeing Co. (a) 58,158 13,627,001 
TransDigm Group, Inc. (a) 5,802 3,560,919 
  58,948,935 
Air Freight & Logistics - 0.6%   
Expeditors International of Washington, Inc. 17,886 1,964,956 
FedEx Corp. 25,860 7,507,417 
United Parcel Service, Inc. Class B 76,240 15,542,286 
  25,014,659 
Airlines - 0.2%   
Delta Air Lines, Inc. (a) 67,425 3,163,581 
Southwest Airlines Co. (a) 62,725 3,937,876 
United Airlines Holdings, Inc. (a) 33,660 1,831,104 
  8,932,561 
Building Products - 0.4%   
Carrier Global Corp. 86,689 3,777,907 
Fortune Brands Home & Security, Inc. 14,591 1,531,763 
Johnson Controls International PLC 76,395 4,762,464 
Masco Corp. 27,370 1,748,396 
Trane Technologies PLC 25,300 4,397,899 
  16,218,429 
Commercial Services & Supplies - 0.4%   
Cintas Corp. 9,314 3,214,634 
Copart, Inc. (a) 21,956 2,733,742 
Republic Services, Inc. 22,357 2,376,549 
Waste Management, Inc. 41,299 5,698,023 
  14,022,948 
Electrical Equipment - 0.6%   
AMETEK, Inc. 24,460 3,300,388 
Eaton Corp. PLC 42,196 6,031,074 
Emerson Electric Co. 63,599 5,755,074 
Generac Holdings, Inc. (a) 6,674 2,162,042 
Plug Power, Inc. (a)(b) 52,857 1,506,953 
Rockwell Automation, Inc. 12,323 3,256,476 
  22,012,007 
Industrial Conglomerates - 1.2%   
3M Co. 61,356 12,095,722 
General Electric Co. 929,239 12,191,616 
Honeywell International, Inc. 73,689 16,435,595 
Roper Technologies, Inc. 11,124 4,966,199 
  45,689,132 
Machinery - 1.6%   
Caterpillar, Inc. 57,783 13,180,880 
Cummins, Inc. 15,698 3,956,524 
Deere & Co. 33,215 12,317,783 
Dover Corp. 15,248 2,274,849 
Fortive Corp. 35,681 2,526,928 
IDEX Corp. 8,011 1,796,066 
Illinois Tool Works, Inc. 30,524 7,034,561 
Ingersoll Rand, Inc. (a) 39,346 1,944,086 
Otis Worldwide Corp. 43,224 3,365,853 
PACCAR, Inc. 36,788 3,306,505 
Parker Hannifin Corp. 13,687 4,295,117 
Stanley Black & Decker, Inc. 17,064 3,528,323 
Westinghouse Air Brake Co. 18,868 1,548,497 
Xylem, Inc. 19,039 2,106,665 
  63,182,637 
Professional Services - 0.5%   
CoStar Group, Inc. (a) 4,181 3,572,372 
Equifax, Inc. 12,917 2,960,964 
IHS Markit Ltd. 39,547 4,254,466 
Jacobs Engineering Group, Inc. 13,742 1,836,069 
Leidos Holdings, Inc. 14,031 1,421,060 
TransUnion Holding Co., Inc. 20,136 2,106,024 
Verisk Analytics, Inc. 17,271 3,250,402 
  19,401,357 
Road & Rail - 1.2%   
CSX Corp. 80,796 8,140,197 
Kansas City Southern 9,586 2,801,125 
Lyft, Inc. (a) 27,180 1,512,839 
Norfolk Southern Corp. 26,693 7,453,753 
Old Dominion Freight Lines, Inc. 10,120 2,609,037 
Uber Technologies, Inc. (a) 155,579 8,521,062 
Union Pacific Corp. 70,962 15,759,951 
  46,797,964 
Trading Companies & Distributors - 0.2%   
Fastenal Co. 60,648 3,170,677 
United Rentals, Inc. (a) 7,624 2,439,299 
W.W. Grainger, Inc. 4,681 2,029,401 
  7,639,377 
TOTAL INDUSTRIALS  327,860,006 
INFORMATION TECHNOLOGY - 27.9%   
Communications Equipment - 0.7%   
Arista Networks, Inc. (a) 5,834 1,838,702 
Cisco Systems, Inc. 447,301 22,772,094 
F5 Networks, Inc. (a) 6,519 1,217,488 
Motorola Solutions, Inc. 17,937 3,377,537 
  29,205,821 
Electronic Equipment & Components - 0.6%   
Amphenol Corp. Class A 63,643 4,285,720 
CDW Corp. 14,884 2,654,264 
Cognex Corp. 18,529 1,595,717 
Corning, Inc. 81,548 3,605,237 
Keysight Technologies, Inc. (a) 19,640 2,835,034 
TE Connectivity Ltd. 35,105 4,720,569 
Trimble, Inc. (a) 26,677 2,187,514 
Zebra Technologies Corp. Class A (a) 5,642 2,751,829 
  24,635,884 
IT Services - 5.7%   
Accenture PLC Class A 67,197 19,485,114 
Akamai Technologies, Inc. (a) 17,232 1,873,118 
Automatic Data Processing, Inc. 45,360 8,481,866 
Black Knight, Inc. (a) 16,446 1,191,019 
Broadridge Financial Solutions, Inc. 12,322 1,954,639 
Cognizant Technology Solutions Corp. Class A 56,298 4,526,359 
EPAM Systems, Inc. (a) 5,922 2,710,796 
Fidelity National Information Services, Inc. 65,817 10,063,419 
Fiserv, Inc. (a) 61,028 7,330,683 
FleetCor Technologies, Inc. (a) 8,804 2,533,087 
Gartner, Inc. (a) 9,371 1,835,591 
Global Payments, Inc. 31,297 6,717,275 
GoDaddy, Inc. (a) 18,021 1,564,583 
IBM Corp. 94,690 13,434,617 
MasterCard, Inc. Class A 92,897 35,492,228 
MongoDB, Inc. Class A (a)(b) 5,501 1,636,327 
Okta, Inc. (a)(b) 13,052 3,520,124 
Paychex, Inc. 33,885 3,303,449 
PayPal Holdings, Inc. (a) 124,099 32,549,927 
Square, Inc. (a) 41,320 10,115,962 
Twilio, Inc. Class A (a) 16,964 6,239,359 
VeriSign, Inc. (a) 10,572 2,312,836 
Visa, Inc. Class A 179,700 41,970,732 
  220,843,110 
Semiconductors & Semiconductor Equipment - 5.4%   
Advanced Micro Devices, Inc. (a) 128,432 10,482,620 
Analog Devices, Inc. 39,093 5,987,484 
Applied Materials, Inc. 97,252 12,906,313 
Broadcom, Inc. 43,248 19,729,738 
Cree, Inc. (a)(b) 12,234 1,216,304 
Enphase Energy, Inc. (a) 13,686 1,905,776 
Entegris, Inc. 14,261 1,605,503 
Intel Corp. 430,465 24,764,651 
KLA Corp. 16,338 5,152,188 
Lam Research Corp. 15,147 9,397,956 
Marvell Technology, Inc. 84,297 3,811,067 
Maxim Integrated Products, Inc. 28,328 2,662,832 
Microchip Technology, Inc. 28,561 4,292,433 
Micron Technology, Inc. (a) 118,574 10,205,664 
Monolithic Power Systems, Inc. 4,553 1,645,363 
NVIDIA Corp. 65,691 39,439,563 
NXP Semiconductors NV 29,366 5,653,249 
ON Semiconductor Corp. (a) 43,558 1,698,762 
Qorvo, Inc. (a) 12,020 2,261,803 
Qualcomm, Inc. 120,358 16,705,690 
Skyworks Solutions, Inc. 17,481 3,169,830 
SolarEdge Technologies, Inc. (a) 5,427 1,430,232 
Teradyne, Inc. 17,693 2,213,040 
Texas Instruments, Inc. 97,478 17,595,754 
Xilinx, Inc. 26,060 3,334,638 
  209,268,453 
Software - 9.5%   
Adobe, Inc. (a) 50,794 25,820,622 
ANSYS, Inc. (a) 9,162 3,350,177 
Autodesk, Inc. (a) 23,325 6,808,801 
Avalara, Inc. (a) 9,091 1,288,286 
Cadence Design Systems, Inc. (a) 29,609 3,901,578 
Ceridian HCM Holding, Inc. (a)(b) 13,841 1,307,698 
Citrix Systems, Inc. 13,061 1,617,605 
Cloudflare, Inc. (a) 19,754 1,673,954 
Coupa Software, Inc. (a) 7,665 2,062,192 
Crowdstrike Holdings, Inc. (a) 19,969 4,163,736 
Datadog, Inc. Class A (a) 21,771 1,867,299 
DocuSign, Inc. (a) 19,787 4,411,314 
Fair Isaac Corp. (a) 3,075 1,603,336 
Fortinet, Inc. (a) 14,296 2,919,672 
HubSpot, Inc. (a) 4,597 2,420,091 
Intuit, Inc. 29,032 11,965,829 
Microsoft Corp. 799,085 201,513,255 
NortonLifeLock, Inc. 61,880 1,337,227 
Nuance Communications, Inc. (a) 30,276 1,609,775 
Oracle Corp. 196,535 14,895,388 
Palo Alto Networks, Inc. (a) 10,318 3,646,278 
Paycom Software, Inc. (a) 5,184 1,992,781 
PTC, Inc. (a) 11,063 1,448,589 
RingCentral, Inc. (a) 8,475 2,703,101 
Salesforce.com, Inc. (a) 97,244 22,397,238 
ServiceNow, Inc. (a) 20,789 10,526,926 
Slack Technologies, Inc. Class A (a) 53,172 2,254,493 
Splunk, Inc. (a) 17,172 2,170,884 
SS&C Technologies Holdings, Inc. 23,680 1,757,530 
Synopsys, Inc. (a) 16,187 3,999,160 
The Trade Desk, Inc. (a) 4,518 3,295,023 
Tyler Technologies, Inc. (a) 4,284 1,820,100 
Workday, Inc. Class A (a)(b) 19,513 4,819,711 
Zendesk, Inc. (a)(b) 12,445 1,818,837 
Zoom Video Communications, Inc. Class A (a) 21,688 6,930,834 
Zscaler, Inc. (a) 7,872 1,477,102 
  369,596,422 
Technology Hardware, Storage & Peripherals - 6.0%   
Apple, Inc. 1,671,980 219,798,483 
Dell Technologies, Inc. (a) 25,058 2,463,953 
Hewlett Packard Enterprise Co. 138,369 2,216,671 
HP, Inc. 132,912 4,533,628 
NetApp, Inc. 23,525 1,757,082 
Seagate Technology LLC 21,330 1,980,277 
Western Digital Corp. 32,487 2,294,557 
  235,044,651 
TOTAL INFORMATION TECHNOLOGY  1,088,594,341 
MATERIALS - 2.5%   
Chemicals - 1.7%   
Air Products & Chemicals, Inc. 23,451 6,765,144 
Albemarle Corp. U.S. 12,313 2,070,677 
Celanese Corp. Class A 12,018 1,882,620 
Corteva, Inc. 78,935 3,848,871 
Dow, Inc. 79,059 4,941,188 
DuPont de Nemours, Inc. 57,083 4,401,670 
Eastman Chemical Co. 14,382 1,659,539 
Ecolab, Inc. 26,365 5,908,924 
FMC Corp. 13,616 1,609,956 
International Flavors & Fragrances, Inc. 26,369 3,748,881 
Linde PLC 55,398 15,834,964 
LyondellBasell Industries NV Class A 27,166 2,818,201 
PPG Industries, Inc. 25,133 4,303,775 
Sherwin-Williams Co. 25,649 7,024,492 
  66,818,902 
Construction Materials - 0.1%   
Martin Marietta Materials, Inc. 6,617 2,336,595 
Vulcan Materials Co. 13,994 2,494,291 
  4,830,886 
Containers & Packaging - 0.3%   
Amcor PLC 164,442 1,932,194 
Avery Dennison Corp. 8,775 1,879,342 
Ball Corp. 34,786 3,257,361 
International Paper Co. 41,745 2,421,210 
Packaging Corp. of America 10,092 1,490,084 
  10,980,191 
Metals & Mining - 0.4%   
Freeport-McMoRan, Inc. 154,626 5,830,946 
Newmont Corp. 84,859 5,296,050 
Nucor Corp. 31,458 2,587,735 
  13,714,731 
TOTAL MATERIALS  96,344,710 
REAL ESTATE - 2.4%   
Equity Real Estate Investment Trusts (REITs) - 2.3%   
Alexandria Real Estate Equities, Inc. 13,511 2,446,842 
American Tower Corp. 47,095 11,998,393 
AvalonBay Communities, Inc. 14,743 2,830,656 
Boston Properties, Inc. 14,914 1,630,846 
Crown Castle International Corp. 45,720 8,643,823 
Digital Realty Trust, Inc. 29,810 4,599,981 
Duke Realty Corp. 39,536 1,839,215 
Equinix, Inc. 9,466 6,822,714 
Equity Residential (SBI) 36,213 2,688,091 
Essex Property Trust, Inc. 6,915 2,008,946 
Extra Space Storage, Inc. 13,950 2,074,226 
Healthpeak Properties, Inc. 57,373 1,970,189 
Invitation Homes, Inc. 60,317 2,114,714 
Medical Properties Trust, Inc. 60,998 1,345,006 
Mid-America Apartment Communities, Inc. 12,102 1,904,008 
Prologis (REIT), Inc. 78,377 9,133,272 
Public Storage 16,129 4,534,830 
Realty Income Corp. 39,698 2,745,117 
SBA Communications Corp. Class A 11,542 3,459,368 
Simon Property Group, Inc. 34,836 4,240,935 
Sun Communities, Inc. 11,792 1,967,259 
Ventas, Inc. 39,816 2,208,195 
VICI Properties, Inc. (b) 56,791 1,800,275 
Welltower, Inc. 44,287 3,322,854 
Weyerhaeuser Co. 78,972 3,061,744 
  91,391,499 
Real Estate Management & Development - 0.1%   
CBRE Group, Inc. (a) 35,416 3,017,443 
TOTAL REAL ESTATE  94,408,942 
UTILITIES - 2.4%   
Electric Utilities - 1.6%   
Alliant Energy Corp. 26,595 1,493,841 
American Electric Power Co., Inc. 52,656 4,671,114 
Duke Energy Corp. 81,442 8,200,395 
Edison International 40,055 2,381,270 
Entergy Corp. 21,287 2,326,456 
Evergy, Inc. 24,006 1,535,664 
Eversource Energy 36,206 3,121,681 
Exelon Corp. 103,503 4,651,425 
FirstEnergy Corp. 57,627 2,185,216 
NextEra Energy, Inc. 207,666 16,096,192 
PG&E Corp. (a) 157,233 1,779,878 
PPL Corp. 81,613 2,377,387 
Southern Co. 111,939 7,407,004 
Xcel Energy, Inc. 57,026 4,065,954 
  62,293,477 
Independent Power and Renewable Electricity Producers - 0.0%   
The AES Corp. 70,565 1,963,118 
Multi-Utilities - 0.7%   
Ameren Corp. 26,928 2,284,572 
CMS Energy Corp. 30,759 1,980,572 
Consolidated Edison, Inc. 36,153 2,798,604 
Dominion Energy, Inc. 85,379 6,821,782 
DTE Energy Co. 20,459 2,864,669 
Public Service Enterprise Group, Inc. 53,589 3,384,681 
Sempra Energy 32,084 4,413,796 
WEC Energy Group, Inc. 33,296 3,235,372 
  27,784,048 
Water Utilities - 0.1%   
American Water Works Co., Inc. 19,245 3,002,028 
TOTAL UTILITIES  95,042,671 
TOTAL COMMON STOCKS   
(Cost $2,944,888,354)  3,879,340,243 
Money Market Funds - 1.2%   
Fidelity Cash Central Fund 0.04% (c) 21,039,680 21,043,888 
Fidelity Securities Lending Cash Central Fund 0.04% (c)(d) 24,304,791 24,307,222 
TOTAL MONEY MARKET FUNDS   
(Cost $45,351,088)  45,351,110 
TOTAL INVESTMENT IN SECURITIES - 100.8%   
(Cost $2,990,239,442)  3,924,691,353 
NET OTHER ASSETS (LIABILITIES) - (0.8)%  (29,973,063) 
NET ASSETS - 100%  $3,894,718,290 

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) 65 June 2021 $13,566,800 $353,148 $353,148 

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

Legend

 (a) Non-income producing

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

 (c) 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 $8,012 
Fidelity Securities Lending Cash Central Fund 10,953 
Total $18,965 

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. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2021, 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 $442,183,523 $442,183,523 $-- $-- 
Consumer Discretionary 473,483,758 473,483,758 -- -- 
Consumer Staples 222,286,502 222,286,502 -- -- 
Energy 95,577,587 95,577,587 -- -- 
Financials 431,044,276 431,044,276 -- -- 
Health Care 512,513,927 512,513,927 -- -- 
Industrials 327,860,006 327,860,006 -- -- 
Information Technology 1,088,594,341 1,088,594,341 -- -- 
Materials 96,344,710 96,344,710 -- -- 
Real Estate 94,408,942 94,408,942 -- -- 
Utilities 95,042,671 95,042,671 -- -- 
Money Market Funds 45,351,110 45,351,110 -- -- 
Total Investments in Securities: $3,924,691,353 $3,924,691,353 $-- $-- 
Derivative Instruments:     
Assets     
Futures Contracts $353,148 $353,148 $-- $-- 
Total Assets $353,148 $353,148 $-- $-- 
Total Derivative Instruments: $353,148 $353,148 $-- $-- 

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, 2021. 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) $353,148 $0 
Total Equity Risk 353,148 0 
Total Value of Derivatives $353,148 $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 Total accumulated earnings (loss).

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, 2021 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $23,521,636) — See accompanying schedule:
Unaffiliated issuers (cost $2,944,888,354) 		$3,879,340,243  
Fidelity Central Funds (cost $45,351,088) 45,351,110  
Total Investment in Securities (cost $2,990,239,442)  $3,924,691,353 
Segregated cash with brokers for derivative instruments  319,000 
Receivable for fund shares sold  11,202,868 
Dividends receivable  2,588,862 
Distributions receivable from Fidelity Central Funds  2,158 
Total assets  3,938,804,241 
Liabilities   
Payable for investments purchased $18,095,954  
Payable for fund shares redeemed 1,635,882  
Payable for daily variation margin on futures contracts 46,661  
Collateral on securities loaned 24,307,454  
Total liabilities  44,085,951 
Net Assets  $3,894,718,290 
Net Assets consist of:   
Paid in capital  $2,926,704,540 
Total accumulated earnings (loss)  968,013,750 
Net Assets  $3,894,718,290 
Net Asset Value, offering price and redemption price per share ($3,894,718,290 ÷ 261,398,415 shares)  $14.90 

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


Statement of Operations

  Six months ended April 30, 2021 (Unaudited) 
Investment Income   
Dividends  $22,845,808 
Interest  391 
Income from Fidelity Central Funds (including $10,953 from security lending)  18,965 
Total income  22,865,164 
Expenses   
Independent trustees' fees and expenses $6,203  
Total expenses before reductions 6,203  
Expense reductions (15)  
Total expenses after reductions  6,188 
Net investment income (loss)  22,858,976 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 25,779,141  
Fidelity Central Funds (417)  
Futures contracts 1,665,313  
Total net realized gain (loss)  27,444,037 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 690,819,922  
Futures contracts 347,451  
Total change in net unrealized appreciation (depreciation)  691,167,373 
Net gain (loss)  718,611,410 
Net increase (decrease) in net assets resulting from operations  $741,470,386 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2021 (Unaudited) Year ended October 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $22,858,976 $33,778,288 
Net realized gain (loss) 27,444,037 (6,985,309) 
Change in net unrealized appreciation (depreciation) 691,167,373 164,197,399 
Net increase (decrease) in net assets resulting from operations 741,470,386 190,990,378 
Distributions to shareholders (33,862,107) (16,389,623) 
Share transactions   
Proceeds from sales of shares 1,255,797,781 1,786,549,644 
Reinvestment of distributions 32,582,726 15,768,297 
Cost of shares redeemed (477,186,316) (763,781,840) 
Net increase (decrease) in net assets resulting from share transactions 811,194,191 1,038,536,101 
Total increase (decrease) in net assets 1,518,802,470 1,213,136,856 
Net Assets   
Beginning of period 2,375,915,820 1,162,778,964 
End of period $3,894,718,290 $2,375,915,820 
Other Information   
Shares   
Sold 91,187,451 164,020,717 
Issued in reinvestment of distributions 2,468,388 1,432,179 
Redeemed (34,758,306) (72,170,162) 
Net increase (decrease) 58,897,533 93,282,734 

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,   
 2021 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.73 $10.65 $9.35 $10.00 
Income from Investment Operations     
Net investment income (loss)B .10 .20 .19 .02 
Net realized and unrealized gain (loss) 3.23 1.01 1.16 (.67) 
Total from investment operations 3.33 1.21 1.35 (.65) 
Distributions from net investment income (.16) (.13) (.04) – 
Distributions from net realized gain – – (.01) – 
Total distributions (.16) (.13) (.05) – 
Net asset value, end of period $14.90 $11.73 $10.65 $9.35 
Total ReturnC,D 28.57% 11.45% 14.50% (6.50)% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G -% -% - %G 
Expenses net of fee waivers, if any - %G -% -% - %G 
Expenses net of all reductions - %G -% -% - %G 
Net investment income (loss) 1.44%G 1.80% 1.91% 1.29%G 
Supplemental Data     
Net assets, end of period (000 omitted) $3,894,718 $2,375,916 $1,162,779 $105,175 
Portfolio turnover rateH 9%G,I 5% 3% 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 mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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

 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, 2021

 % of fund's net assets 
Apple, Inc. 4.8 
Microsoft Corp. 4.4 
Amazon.com, Inc. 3.5 
Facebook, Inc. Class A 1.8 
Alphabet, Inc. Class A 1.7 
 16.2 

Top Five Market Sectors as of April 30, 2021

 % of fund's net assets 
Information Technology 25.7 
Health Care 13.2 
Consumer Discretionary 12.5 
Financials 11.8 
Communication Services 10.2 

Asset Allocation (% of fund's net assets)

As of April 30, 2021 * 
   Stocks and Equity Futures 99.9% 
   Short-Term Investments and Net Other Assets (Liabilities) 0.1% 


 * Foreign investments - 3.6%

Fidelity ZERO℠ Total Market Index Fund

Schedule of Investments April 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.6%   
 Shares Value 
COMMUNICATION SERVICES - 10.2%   
Diversified Telecommunication Services - 1.2%   
Alaska Communication Systems Group, Inc. 7,010 $23,203 
Anterix, Inc. (a)(b) 2,626 124,262 
AT&T, Inc. 1,608,045 50,508,693 
ATN International, Inc. 2,398 109,301 
Bandwidth, Inc. (a) 5,124 677,393 
Cincinnati Bell, Inc. (a) 10,504 162,077 
Cogent Communications Group, Inc. 9,563 722,102 
Consolidated Communications Holdings, Inc. (a) 18,237 131,306 
Globalstar, Inc. (a)(b) 139,743 177,474 
IDT Corp. Class B (a) 3,362 80,722 
Iridium Communications, Inc. (a) 26,215 995,908 
Liberty Global PLC:   
Class A (a) 32,181 865,669 
Class C (a) 79,997 2,164,719 
Liberty Latin America Ltd.:   
Class A (a) 16,181 224,673 
Class C (a) 29,070 405,527 
Lumen Technologies, Inc. 222,284 2,851,904 
Ooma, Inc. (a) 4,833 79,889 
ORBCOMM, Inc. (a) 16,890 193,559 
Verizon Communications, Inc. 932,767 53,904,605 
Vonage Holdings Corp. (a) 52,580 712,459 
  115,115,445 
Entertainment - 1.8%   
Activision Blizzard, Inc. 174,862 15,945,666 
AMC Entertainment Holdings, Inc. Class A (a)(b) 85,171 854,265 
Cinemark Holdings, Inc. (a)(b) 23,793 504,412 
Electronic Arts, Inc. 64,841 9,212,609 
Lions Gate Entertainment Corp.:   
Class A (a)(b) 27,393 396,377 
Class B (a) 11,280 142,128 
Live Nation Entertainment, Inc. (a) 32,120 2,629,986 
LiveXLive Media, Inc. (a)(b) 12,864 55,187 
Madison Square Garden Entertainment Corp. (a) 3,965 359,269 
Madison Square Garden Sports Corp. (a) 4,112 760,062 
Marcus Corp. (a)(b) 5,384 107,465 
Netflix, Inc. (a) 99,895 51,293,086 
Playtika Holding Corp. 15,591 433,118 
Roku, Inc. Class A (a) 25,100 8,608,547 
Sciplay Corp. (A Shares) (a)(b) 5,461 96,387 
Take-Two Interactive Software, Inc. (a) 26,093 4,576,190 
The Walt Disney Co. (a) 409,388 76,154,356 
Warner Music Group Corp. Class A 19,805 751,798 
World Wrestling Entertainment, Inc. Class A (b) 10,416 574,026 
Zynga, Inc. (a) 227,137 2,457,622 
  175,912,556 
Interactive Media & Services - 5.6%   
Alphabet, Inc.:   
Class A (a) 68,054 160,165,089 
Class C (a) 64,765 156,091,422 
ANGI Homeservices, Inc. Class A (a) 17,620 282,096 
CarGurus, Inc. Class A (a) 20,249 499,745 
Cars.com, Inc. (a) 16,042 211,915 
Eventbrite, Inc. (a)(b) 15,216 358,641 
EverQuote, Inc. Class A (a)(b) 2,158 73,091 
Facebook, Inc. Class A (a) 542,512 176,359,801 
IAC (a) 18,778 4,759,660 
Liberty TripAdvisor Holdings, Inc. (a) 14,951 75,652 
Match Group, Inc. (a) 60,812 9,464,172 
Pinterest, Inc. Class A (a) 120,430 7,992,939 
QuinStreet, Inc. (a) 11,294 228,929 
Snap, Inc. Class A (a) 209,228 12,934,475 
TripAdvisor, Inc. (a) 21,842 1,029,413 
TrueCar, Inc. (a) 21,207 97,552 
Twitter, Inc. (a) 180,260 9,953,957 
Yelp, Inc. (a) 15,585 612,491 
Zillow Group, Inc.:   
Class A (a) 10,657 1,421,111 
Class C (a)(b) 32,494 4,228,119 
Zoominfo Technologies, Inc. 20,915 1,084,652 
  547,924,922 
Media - 1.4%   
Altice U.S.A., Inc. Class A (a) 54,936 1,994,726 
AMC Networks, Inc. Class A (a)(b) 6,771 340,446 
Boston Omaha Corp. (a) 3,032 84,957 
Cable One, Inc. 1,226 2,194,540 
Cardlytics, Inc. (a) 6,977 959,547 
Cbdmd, Inc. (a) 6,733 25,922 
Charter Communications, Inc. Class A (a) 31,896 21,480,361 
Clear Channel Outdoor Holdings, Inc. (a) 106,924 268,379 
Comcast Corp. Class A 1,030,548 57,865,270 
Discovery Communications, Inc.:   
Class A (a) 36,370 1,369,694 
Class C (non-vtg.) (a) 65,661 2,121,507 
DISH Network Corp. Class A (a) 55,518 2,486,651 
E.W. Scripps Co. Class A 12,209 263,959 
Entercom Communications Corp. Class A (a) 25,515 123,493 
Fluent, Inc. (a) 8,395 31,229 
Fox Corp.:   
Class A 77,659 2,906,000 
Class B 32,811 1,193,664 
Gannett Co., Inc. (a)(b) 31,432 142,701 
Gray Television, Inc. 19,880 403,962 
iHeartMedia, Inc. (a) 25,071 479,859 
Interpublic Group of Companies, Inc. 88,239 2,801,588 
John Wiley & Sons, Inc. Class A 9,853 561,030 
Liberty Broadband Corp.:   
Class A (a) 5,771 909,914 
Class C (a) 47,311 7,698,446 
Liberty Media Corp.:   
Liberty Braves Class A (a) 1,595 44,644 
Liberty Braves Class C (a) 9,100 251,979 
Liberty Formula One Group Series C (a) 47,539 2,231,481 
Liberty Media Class A (a) 3,887 161,000 
Liberty SiriusXM Series A (a) 16,271 735,286 
Liberty SiriusXM Series C (a) 40,131 1,815,125 
Loral Space & Communications Ltd. 3,044 122,156 
Meredith Corp. (a) 9,200 286,120 
MSG Network, Inc. Class A (a) 9,377 148,813 
National CineMedia, Inc. 11,458 48,926 
News Corp.:   
Class A 89,334 2,340,104 
Class B 26,155 635,828 
Nexstar Broadcasting Group, Inc. Class A 9,693 1,428,845 
Omnicom Group, Inc. 48,255 3,969,456 
Scholastic Corp. 6,366 193,081 
Sinclair Broadcast Group, Inc. Class A 10,674 346,585 
Sirius XM Holdings, Inc. 263,746 1,608,851 
TechTarget, Inc. (a) 5,407 414,717 
Tegna, Inc. 49,565 994,274 
The New York Times Co. Class A 32,843 1,491,401 
ViacomCBS, Inc.:   
Class A (b) 3,439 155,443 
Class B 131,576 5,397,248 
WideOpenWest, Inc. (a) 12,265 172,569 
  133,701,777 
Wireless Telecommunication Services - 0.2%   
Boingo Wireless, Inc. (a) 9,137 127,553 
Gogo, Inc. (a)(b) 12,102 126,103 
NII Holdings, Inc. (a)(c) 11,652 25,285 
Shenandoah Telecommunications Co. 11,089 524,066 
T-Mobile U.S., Inc. 131,797 17,414,338 
Telephone & Data Systems, Inc. 22,475 516,476 
U.S. Cellular Corp. (a) 3,662 124,984 
  18,858,805 
TOTAL COMMUNICATION SERVICES  991,513,505 
CONSUMER DISCRETIONARY - 12.5%   
Auto Components - 0.3%   
Adient PLC (a) 21,249 984,679 
American Axle & Manufacturing Holdings, Inc. (a) 25,152 233,411 
Aptiv PLC (a) 61,089 8,790,096 
Autoliv, Inc. 17,622 1,773,831 
BorgWarner, Inc. 54,439 2,644,647 
Cooper Tire & Rubber Co. 11,128 634,185 
Cooper-Standard Holding, Inc. (a) 4,192 121,736 
Dana, Inc. 32,164 813,749 
Dorman Products, Inc. (a) 6,505 645,166 
Fox Factory Holding Corp. (a) 9,512 1,457,524 
Gentex Corp. 55,402 1,949,042 
Gentherm, Inc. (a) 7,342 522,750 
LCI Industries 5,674 831,241 
Lear Corp. 12,244 2,250,937 
Modine Manufacturing Co. (a) 10,816 176,084 
Motorcar Parts of America, Inc. (a) 3,862 83,419 
Patrick Industries, Inc. 5,194 465,382 
Standard Motor Products, Inc. 4,145 177,530 
Stoneridge, Inc. (a) 5,723 190,290 
Tenneco, Inc. (a) 10,774 108,494 
The Goodyear Tire & Rubber Co. (a) 53,342 918,016 
Veoneer, Inc. (a)(b) 20,844 477,328 
Visteon Corp. (a) 6,314 769,108 
XPEL, Inc. (a) 3,570 228,837 
  27,247,482 
Automobiles - 1.6%   
Ford Motor Co. (a) 882,646 10,185,735 
General Motors Co. (a) 286,205 16,376,650 
Harley-Davidson, Inc. 34,720 1,679,406 
Tesla, Inc. (a) 173,187 122,865,785 
Thor Industries, Inc. 12,506 1,770,725 
Winnebago Industries, Inc. 7,503 599,865 
Workhorse Group, Inc. (a)(b) 23,944 296,666 
  153,774,832 
Distributors - 0.1%   
Core-Mark Holding Co., Inc. 9,936 422,876 
Funko, Inc. (a) 4,517 97,296 
Genuine Parts Co. 32,626 4,077,271 
LKQ Corp. (a) 63,047 2,944,925 
Pool Corp. 9,074 3,833,946 
  11,376,314 
Diversified Consumer Services - 0.1%   
Adtalem Global Education, Inc. (a) 11,785 404,343 
American Public Education, Inc. (a) 4,767 145,203 
Aspen Group, Inc. (a)(b) 5,146 24,546 
Bright Horizons Family Solutions, Inc. (a) 13,599 1,969,543 
Carriage Services, Inc. 3,316 123,289 
Chegg, Inc. (a)(b) 31,677 2,861,383 
Frontdoor, Inc. (a) 19,033 1,018,836 
Graham Holdings Co. 939 596,838 
Grand Canyon Education, Inc. (a) 10,835 1,173,322 
H&R Block, Inc. 40,895 910,323 
Houghton Mifflin Harcourt Co. (a) 28,268 256,673 
Laureate Education, Inc. Class A (a) 22,448 308,660 
OneSpaWorld Holdings Ltd. (b) 11,702 124,685 
Perdoceo Education Corp. (a) 14,408 167,997 
Regis Corp. Minn (a)(b) 4,615 59,718 
Service Corp. International 38,168 2,039,698 
Strategic Education, Inc. 5,423 407,050 
Stride, Inc. (a)(b) 8,992 257,441 
Terminix Global Holdings, Inc. (a) 30,200 1,536,878 
Vivint Smart Home, Inc. Class A (a) 11,942 143,065 
WW International, Inc. (a)(b) 10,871 301,562 
Xpresspa Group, Inc. (a)(b) 13,175 18,050 
Zovio, Inc. (a) 4,472 16,591 
  14,865,694 
Hotels, Restaurants & Leisure - 2.2%   
Accel Entertainment, Inc. (a) 11,979 155,248 
Airbnb, Inc. Class A (b) 16,690 2,882,530 
ARAMARK Holdings Corp. 57,716 2,243,421 
Bally's Corp. (a) 6,428 372,567 
BJ's Restaurants, Inc. (a)(b) 5,245 319,893 
Bloomin' Brands, Inc. (a) 18,081 571,360 
Boyd Gaming Corp. (a) 18,313 1,211,405 
Brinker International, Inc. (a) 10,200 684,726 
Caesars Entertainment, Inc. (a) 47,088 4,607,090 
Carnival Corp. (a) 180,574 5,048,849 
Carrols Restaurant Group, Inc. (a) 7,427 43,745 
Century Casinos, Inc. (a) 6,118 80,452 
Chipotle Mexican Grill, Inc. (a) 6,358 9,486,327 
Choice Hotels International, Inc. 6,472 736,514 
Churchill Downs, Inc. 8,032 1,698,768 
Chuy's Holdings, Inc. (a)(b) 4,228 206,580 
Cracker Barrel Old Country Store, Inc. 5,289 885,749 
Darden Restaurants, Inc. 29,524 4,331,761 
Dave & Buster's Entertainment, Inc. (a) 10,658 486,644 
Del Taco Restaurants, Inc. 7,875 89,775 
Denny's Corp. (a) 14,680 278,039 
Dine Brands Global, Inc. 3,764 363,791 
Domino's Pizza, Inc. 8,757 3,698,431 
DraftKings, Inc. Class A (a)(b) 72,677 4,117,879 
Drive Shack, Inc. (a) 19,437 66,280 
El Pollo Loco Holdings, Inc. (a) 4,411 74,722 
Everi Holdings, Inc. (a) 18,736 331,252 
Expedia, Inc. (a) 31,250 5,507,188 
Extended Stay America, Inc. unit 35,939 714,827 
Fiesta Restaurant Group, Inc. (a) 3,604 53,123 
Golden Entertainment, Inc. (a) 4,226 145,670 
Hilton Grand Vacations, Inc. (a) 18,805 837,951 
Hilton Worldwide Holdings, Inc. 62,481 8,041,305 
Hyatt Hotels Corp. Class A (a) 8,380 689,925 
Jack in the Box, Inc. 5,060 610,489 
Las Vegas Sands Corp. (a) 73,914 4,527,972 
Lindblad Expeditions Holdings (a) 6,403 104,945 
Marriott International, Inc. Class A 59,902 8,896,645 
Marriott Vacations Worldwide Corp. (a) 9,303 1,652,492 
McDonald's Corp. 167,977 39,656,010 
MGM Resorts International 92,386 3,761,958 
Monarch Casino & Resort, Inc. (a) 2,700 203,607 
Noodles & Co. (a) 9,091 109,865 
Norwegian Cruise Line Holdings Ltd. (a)(b) 81,874 2,542,188 
Papa John's International, Inc. 7,348 710,699 
Penn National Gaming, Inc. (a) 33,408 2,977,321 
Planet Fitness, Inc. (a) 18,740 1,573,973 
Playa Hotels & Resorts NV (a) 23,405 172,261 
PlayAGS, Inc. (a) 7,322 65,532 
RCI Hospitality Holdings, Inc. 1,836 133,679 
Red Robin Gourmet Burgers, Inc. (a) 3,339 121,406 
Red Rock Resorts, Inc. (a) 15,289 560,036 
Royal Caribbean Cruises Ltd. 49,608 4,313,416 
Ruth's Hospitality Group, Inc. (a) 7,904 206,373 
Scientific Games Corp. Class A (a) 12,783 748,061 
SeaWorld Entertainment, Inc. (a) 11,339 620,924 
Shake Shack, Inc. Class A (a) 8,210 892,838 
Six Flags Entertainment Corp. (a) 16,814 789,922 
Starbucks Corp. 265,463 30,392,859 
Texas Roadhouse, Inc. Class A 14,978 1,602,946 
The Booking Holdings, Inc. (a) 9,242 22,791,511 
The Cheesecake Factory, Inc. (a) 9,729 608,938 
Travel+Leisure Co. 19,835 1,279,953 
Vail Resorts, Inc. 9,038 2,938,796 
Wendy's Co. 39,992 902,619 
Wingstop, Inc. 6,722 1,064,832 
Wyndham Hotels & Resorts, Inc. 21,556 1,575,959 
Wynn Resorts Ltd. (a) 23,910 3,070,044 
Yum! Brands, Inc. 67,497 8,067,241 
  211,312,097 
Household Durables - 0.6%   
Bassett Furniture Industries, Inc. 2,058 70,589 
Beazer Homes U.S.A., Inc. (a) 6,216 138,679 
Casper Sleep, Inc. (a) 4,442 37,979 
Cavco Industries, Inc. (a) 2,051 429,541 
Century Communities, Inc. (a) 6,572 485,934 
D.R. Horton, Inc. 74,916 7,363,494 
Ethan Allen Interiors, Inc. 4,655 133,645 
Flexsteel Industries, Inc. 1,611 70,127 
Garmin Ltd. 33,843 4,644,613 
GoPro, Inc. Class A (a) 27,116 304,513 
Green Brick Partners, Inc. (a) 10,740 277,199 
Helen of Troy Ltd. (a)(b) 5,427 1,146,237 
Hooker Furniture Corp. 2,525 94,713 
Hovnanian Enterprises, Inc. Class A (a) 1,038 137,628 
Installed Building Products, Inc. 5,068 682,406 
iRobot Corp. (a)(b) 6,327 688,378 
KB Home 19,712 950,710 
La-Z-Boy, Inc. 10,393 462,073 
Leggett & Platt, Inc. 30,103 1,495,216 
Lennar Corp.:   
Class A 56,298 5,832,473 
Class B 11,011 887,156 
LGI Homes, Inc. (a) 4,879 808,841 
Lovesac (a)(b) 2,539 186,033 
M.D.C. Holdings, Inc. 12,495 732,957 
M/I Homes, Inc. (a) 6,553 456,875 
Meritage Homes Corp. (a) 8,361 889,527 
Mohawk Industries, Inc. (a) 13,297 2,732,534 
Newell Brands, Inc. 85,228 2,297,747 
NVR, Inc. (a) 778 3,904,082 
PulteGroup, Inc. 59,808 3,535,849 
Purple Innovation, Inc. (a) 11,922 406,302 
Skyline Champion Corp. (a) 11,753 522,186 
Sonos, Inc. (a) 21,091 844,273 
Taylor Morrison Home Corp. (a) 28,925 902,749 
Tempur Sealy International, Inc. 43,233 1,648,907 
Toll Brothers, Inc. 25,363 1,590,260 
TopBuild Corp. (a) 7,482 1,663,847 
TRI Pointe Homes, Inc. (a) 26,348 627,609 
Tupperware Brands Corp. (a)(b) 11,006 268,216 
Turtle Beach Corp. (a) 3,056 84,926 
Universal Electronics, Inc. (a) 2,964 168,503 
VOXX International Corp. (a) 2,883 49,155 
Vuzix Corp. (a) 10,622 245,050 
Whirlpool Corp. 14,118 3,338,201 
ZAGG, Inc. rights (a)(c) 5,004 450 
  54,238,382 
Internet & Direct Marketing Retail - 3.7%   
1-800-FLOWERS.com, Inc. Class A (a)(b) 6,523 208,573 
Amazon.com, Inc. (a) 96,522 334,682,313 
Blue Apron Holdings, Inc. Class A (a)(b) 2,361 14,001 
CarParts.com, Inc. (a) 8,118 140,279 
Chewy, Inc. (a)(b) 17,405 1,387,527 
Duluth Holdings, Inc. (a) 2,607 40,330 
eBay, Inc. 145,497 8,117,278 
Etsy, Inc. (a) 28,504 5,666,310 
Groupon, Inc. (a)(b) 4,857 245,910 
GrubHub, Inc. (a) 21,287 1,448,367 
Lands' End, Inc. (a)(b) 3,783 87,160 
Leaf Group Ltd. (a) 6,353 56,288 
Liquidity Services, Inc. (a) 6,487 116,312 
Magnite, Inc. (a)(b) 25,806 1,033,530 
Overstock.com, Inc. (a)(b) 9,723 792,425 
PetMed Express, Inc. 4,435 130,500 
Quotient Technology, Inc. (a) 16,855 275,411 
Qurate Retail, Inc. Series A 86,018 1,023,614 
Revolve Group, Inc. (a) 7,540 365,615 
Shutterstock, Inc. 4,937 430,408 
Stamps.com, Inc. (a) 4,235 869,742 
Stitch Fix, Inc. (a) 13,233 573,254 
The RealReal, Inc. (a)(b) 13,500 334,395 
Waitr Holdings, Inc. (a) 17,942 44,137 
Wayfair LLC Class A (a)(b) 16,540 4,888,728 
  362,972,407 
Leisure Products - 0.2%   
Acushnet Holdings Corp. 8,107 343,007 
American Outdoor Brands, Inc. (a) 4,211 108,854 
Brunswick Corp. 17,873 1,914,734 
Callaway Golf Co. 21,329 617,475 
Clarus Corp. 4,895 91,096 
Hasbro, Inc. 28,843 2,868,436 
Johnson Outdoors, Inc. Class A 1,644 233,136 
Malibu Boats, Inc. Class A (a) 4,490 374,286 
MasterCraft Boat Holdings, Inc. (a) 3,839 108,874 
Mattel, Inc. (a) 78,797 1,690,984 
Nautilus, Inc. (a)(b) 6,855 114,890 
Peloton Interactive, Inc. Class A (a) 59,658 5,867,364 
Polaris, Inc. 13,113 1,836,213 
Smith & Wesson Brands, Inc. 11,900 207,060 
Sturm, Ruger & Co., Inc. 4,093 265,799 
Vista Outdoor, Inc. (a) 13,319 434,333 
YETI Holdings, Inc. (a) 16,803 1,435,312 
  18,511,853 
Multiline Retail - 0.5%   
Big Lots, Inc. 7,568 521,738 
Dillard's, Inc. Class A (b) 1,682 166,367 
Dollar General Corp. 55,322 11,880,400 
Dollar Tree, Inc. (a) 53,127 6,104,292 
Franchise Group, Inc. 5,693 219,351 
Kohl's Corp. 35,516 2,083,369 
Macy's, Inc. 70,065 1,161,678 
Nordstrom, Inc. (a) 24,284 890,737 
Ollie's Bargain Outlet Holdings, Inc. (a)(b) 12,869 1,187,423 
Target Corp. 112,923 23,404,421 
  47,619,776 
Specialty Retail - 2.4%   
Abercrombie & Fitch Co. Class A (a) 13,900 521,111 
Advance Auto Parts, Inc. 14,762 2,954,762 
America's Car Mart, Inc. (a) 1,314 198,191 
American Eagle Outfitters, Inc. (b) 33,355 1,153,082 
Asbury Automotive Group, Inc. (a) 4,294 852,831 
At Home Group, Inc. (a) 12,158 383,950 
AutoNation, Inc. (a) 12,425 1,273,314 
AutoZone, Inc. (a) 5,019 7,348,418 
Barnes & Noble Education, Inc. (a) 8,156 64,514 
Bed Bath & Beyond, Inc. (b) 27,017 684,070 
Best Buy Co., Inc. 52,176 6,066,504 
Big 5 Sporting Goods Corp. 4,621 84,657 
Blink Charging Co. (a)(b) 6,729 247,627 
Boot Barn Holdings, Inc. (a) 6,568 463,307 
Burlington Stores, Inc. (a) 14,986 4,890,381 
Caleres, Inc. 8,326 194,079 
Camping World Holdings, Inc. (b) 8,712 379,320 
CarMax, Inc. (a) 36,763 4,898,302 
Carvana Co. Class A (a)(b) 14,111 4,025,304 
Chico's FAS, Inc. 27,973 83,919 
Citi Trends, Inc. (a) 2,267 237,128 
Conn's, Inc. (a) 4,225 85,514 
Designer Brands, Inc. Class A (b) 13,712 242,702 
Dick's Sporting Goods, Inc. 14,658 1,210,458 
Five Below, Inc. (a) 12,723 2,560,758 
Floor & Decor Holdings, Inc. Class A (a) 23,510 2,607,729 
Foot Locker, Inc. 23,530 1,387,799 
GameStop Corp. Class A (a)(b) 12,309 2,136,719 
Gap, Inc. 46,222 1,529,948 
Genesco, Inc. (a) 2,926 146,300 
Group 1 Automotive, Inc. 3,855 632,837 
GrowGeneration Corp. (a)(b) 10,500 457,800 
Guess?, Inc. 8,278 223,837 
Haverty Furniture Companies, Inc. 3,457 160,647 
Hibbett Sports, Inc. (a) 3,631 288,483 
L Brands, Inc. (a) 52,792 3,478,993 
Lithia Motors, Inc. Class A (sub. vtg.) 6,029 2,317,427 
Lowe's Companies, Inc. 164,885 32,358,681 
Lumber Liquidators Holdings, Inc. (a) 6,451 154,630 
MarineMax, Inc. (a) 4,765 270,652 
Monro, Inc. 7,779 549,120 
Murphy U.S.A., Inc. 5,854 816,048 
National Vision Holdings, Inc. (a)(b) 18,328 923,914 
O'Reilly Automotive, Inc. (a) 15,853 8,764,807 
OneWater Marine, Inc. Class A (a) 2,255 115,524 
Party City Holdco, Inc. (a) 23,478 164,346 
Penske Automotive Group, Inc. 7,286 638,909 
Rent-A-Center, Inc. 11,032 634,892 
RH (a) 3,665 2,521,593 
Ross Stores, Inc. 80,477 10,537,658 
Sally Beauty Holdings, Inc. (a) 25,110 503,958 
Shoe Carnival, Inc. 2,060 123,497 
Signet Jewelers Ltd. (a) 11,599 693,040 
Sleep Number Corp. (a) 5,814 650,528 
Sonic Automotive, Inc. Class A (sub. vtg.) 4,940 243,740 
Sportsman's Warehouse Holdings, Inc. (a) 9,607 168,699 
The Aaron's Co., Inc. 8,165 252,217 
The Buckle, Inc. 6,361 266,780 
The Cato Corp. Class A (sub. vtg.) (a) 3,559 47,691 
The Children's Place Retail Stores, Inc. (a) 3,117 244,217 
The Home Depot, Inc. 242,757 78,573,158 
The ODP Corp. (a) 11,939 482,694 
Tilly's, Inc. (a) 3,899 47,022 
TJX Companies, Inc. 270,994 19,240,574 
Tractor Supply Co. 26,350 4,969,610 
TravelCenters of America LLC (a) 3,227 88,710 
Ulta Beauty, Inc. (a) 12,651 4,166,607 
Urban Outfitters, Inc. (a) 15,343 550,814 
Vroom, Inc. (b) 7,897 365,394 
Williams-Sonoma, Inc. 17,339 2,960,634 
Winmark Corp. 617 118,816 
Zumiez, Inc. (a) 5,119 219,963 
  229,901,859 
Textiles, Apparel & Luxury Goods - 0.8%   
Capri Holdings Ltd. (a) 34,342 1,891,557 
Carter's, Inc. 9,822 1,068,535 
Columbia Sportswear Co. 6,962 758,928 
Crocs, Inc. (a) 14,646 1,466,358 
Deckers Outdoor Corp. (a) 6,425 2,172,935 
Fossil Group, Inc. (a) 9,954 128,407 
G-III Apparel Group Ltd. (a)(b) 9,346 303,652 
Hanesbrands, Inc. 78,731 1,658,075 
Kontoor Brands, Inc. 10,592 665,495 
Lakeland Industries, Inc. (a)(b) 1,466 41,356 
Levi Strauss & Co. Class A 17,050 492,063 
lululemon athletica, Inc. (a) 26,804 8,986,577 
Movado Group, Inc. 3,687 115,661 
NIKE, Inc. Class B 286,821 38,038,201 
Oxford Industries, Inc. 3,948 360,176 
PVH Corp. 15,908 1,800,467 
Ralph Lauren Corp. 10,927 1,456,460 
Samsonite International SA (a)(d) 324,900 603,142 
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) 30,761 1,491,601 
Steven Madden Ltd. 17,456 709,936 
Superior Group of Companies, Inc. 1,552 39,141 
Tapestry, Inc. 62,624 2,996,558 
Under Armour, Inc.:   
Class A (sub. vtg.) (a) 50,987 1,239,494 
Class C (non-vtg.) (a) 34,508 687,054 
Unifi, Inc. (a) 2,929 79,171 
Vera Bradley, Inc. (a) 5,254 58,319 
VF Corp. 72,630 6,366,746 
Wolverine World Wide, Inc. 18,651 778,120 
  76,454,185 
TOTAL CONSUMER DISCRETIONARY  1,208,274,881 
CONSUMER STAPLES - 5.4%   
Beverages - 1.3%   
Boston Beer Co., Inc. Class A (a) 2,072 2,520,567 
Brown-Forman Corp. Class B (non-vtg.) 41,019 3,128,929 
Celsius Holdings, Inc. (a)(b) 6,121 350,733 
Coca-Cola Bottling Co. Consolidated 1,028 301,461 
Constellation Brands, Inc. Class A (sub. vtg.) 38,446 9,239,343 
Keurig Dr. Pepper, Inc. 130,306 4,671,470 
MGP Ingredients, Inc. 2,758 165,756 
Molson Coors Beverage Co. Class B (a) 43,013 2,363,564 
Monster Beverage Corp. (a) 83,512 8,104,840 
National Beverage Corp. (b) 5,210 253,154 
Newage, Inc. (a)(b) 30,286 66,326 
PepsiCo, Inc. 310,997 44,833,328 
The Coca-Cola Co. 873,890 47,172,582 
  123,172,053 
Food & Staples Retailing - 1.2%   
Andersons, Inc. 6,901 198,197 
BJ's Wholesale Club Holdings, Inc. (a)(b) 31,049 1,386,959 
Casey's General Stores, Inc. 8,272 1,837,956 
Chefs' Warehouse Holdings (a) 6,879 221,710 
Costco Wholesale Corp. 99,782 37,127,884 
Grocery Outlet Holding Corp. (a)(b) 19,201 775,528 
Ingles Markets, Inc. Class A 3,317 203,299 
Kroger Co. 172,141 6,290,032 
Natural Grocers by Vitamin Cottage, Inc. 2,116 33,264 
Performance Food Group Co. (a) 30,254 1,775,910 
PriceSmart, Inc. 5,654 475,162 
Rite Aid Corp. (a)(b) 12,467 218,422 
SpartanNash Co. 8,930 172,974 
Sprouts Farmers Market LLC (a) 26,444 677,231 
Sysco Corp. 115,128 9,754,795 
U.S. Foods Holding Corp. (a) 49,748 2,062,552 
United Natural Foods, Inc. (a) 12,555 462,777 
Walgreens Boots Alliance, Inc. 161,925 8,598,218 
Walmart, Inc. 312,324 43,697,251 
Weis Markets, Inc. 3,532 183,134 
  116,153,255 
Food Products - 1.0%   
Archer Daniels Midland Co. 125,971 7,952,549 
B&G Foods, Inc. Class A (b) 14,601 426,057 
Beyond Meat, Inc. (a)(b) 11,225 1,478,108 
Bunge Ltd. 31,522 2,661,087 
Cal-Maine Foods, Inc. (a) 8,988 335,792 
Calavo Growers, Inc. 3,514 274,549 
Campbell Soup Co. 46,347 2,213,069 
Conagra Brands, Inc. 109,791 4,072,148 
Darling Ingredients, Inc. (a) 36,962 2,567,011 
Flowers Foods, Inc. 43,904 1,051,940 
Fresh Del Monte Produce, Inc. 7,850 221,370 
Freshpet, Inc. (a) 9,744 1,800,886 
General Mills, Inc. 138,168 8,408,904 
Hormel Foods Corp. 63,084 2,914,481 
Hostess Brands, Inc. Class A (a)(b) 31,664 484,143 
Ingredion, Inc. 14,877 1,389,661 
J&J Snack Foods Corp. 3,415 562,143 
John B. Sanfilippo & Son, Inc. 1,979 173,954 
Kellogg Co. 57,123 3,565,618 
Lamb Weston Holdings, Inc. 33,034 2,659,237 
Lancaster Colony Corp. 4,341 801,826 
Landec Corp. (a) 5,197 58,830 
McCormick & Co., Inc. (non-vtg.) 56,121 5,071,094 
Mondelez International, Inc. 318,027 19,339,222 
Pilgrim's Pride Corp. (a) 10,917 261,571 
Post Holdings, Inc. (a) 13,503 1,536,371 
Sanderson Farms, Inc. 4,438 730,184 
Seaboard Corp. 58 207,523 
Seneca Foods Corp. Class A (a) 1,293 59,556 
The Hain Celestial Group, Inc. (a) 18,325 751,508 
The Hershey Co. 32,892 5,404,156 
The J.M. Smucker Co. 24,845 3,254,447 
The Kraft Heinz Co. 146,651 6,055,220 
The Simply Good Foods Co. (a) 18,900 652,995 
Tootsie Roll Industries, Inc. (b) 4,228 133,478 
TreeHouse Foods, Inc. (a) 12,750 606,900 
Tyson Foods, Inc. Class A 66,688 5,164,986 
Vital Farms, Inc. (a)(b) 2,951 71,768 
Whole Earth Brands, Inc. Class A (a) 6,770 91,395 
  95,465,737 
Household Products - 1.2%   
Central Garden & Pet Co. (a) 2,074 112,286 
Central Garden & Pet Co. Class A (non-vtg.) (a) 9,395 462,892 
Church & Dwight Co., Inc. 55,097 4,724,017 
Colgate-Palmolive Co. 190,910 15,406,437 
Energizer Holdings, Inc. 12,915 636,710 
Kimberly-Clark Corp. 76,422 10,188,581 
Procter & Gamble Co. 554,469 73,977,254 
Reynolds Consumer Products, Inc. 12,739 373,507 
Spectrum Brands Holdings, Inc. 8,491 748,397 
The Clorox Co. 28,550 5,210,375 
WD-40 Co. (b) 3,079 765,870 
  112,606,326 
Personal Products - 0.2%   
BellRing Brands, Inc. Class A (a) 8,308 214,263 
Coty, Inc. Class A (a) 62,610 626,726 
Edgewell Personal Care Co. (b) 12,445 475,399 
elf Beauty, Inc. (a) 8,832 267,168 
Estee Lauder Companies, Inc. Class A 51,824 16,262,371 
Herbalife Nutrition Ltd. (a) 19,449 890,181 
Inter Parfums, Inc. 3,981 293,002 
MediFast, Inc. 2,685 609,737 
Nu Skin Enterprises, Inc. Class A 11,357 600,331 
USANA Health Sciences, Inc. (a) 2,531 227,765 
Veru, Inc. (a) 13,488 119,234 
  20,586,177 
Tobacco - 0.5%   
22nd Century Group, Inc. (a)(b) 34,212 160,112 
Altria Group, Inc. 420,075 20,058,581 
Philip Morris International, Inc. 351,012 33,346,140 
Turning Point Brands, Inc. 2,558 124,882 
Universal Corp. 5,824 327,484 
Vector Group Ltd. 27,693 361,394 
  54,378,593 
TOTAL CONSUMER STAPLES  522,362,141 
ENERGY - 2.5%   
Energy Equipment & Services - 0.2%   
Archrock, Inc. 27,393 255,851 
Aspen Aerogels, Inc. (a) 6,561 119,607 
Baker Hughes Co. Class A 166,017 3,333,621 
Bristow Group, Inc. (a) 4,586 121,346 
Cactus, Inc. 11,520 343,411 
Championx Corp. (a) 41,445 870,759 
Core Laboratories NV 10,709 301,780 
DMC Global, Inc. 3,492 188,568 
Dril-Quip, Inc. (a) 7,422 227,484 
Frank's International NV (a) 26,438 85,924 
Halliburton Co. 202,803 3,966,827 
Helix Energy Solutions Group, Inc. (a)(b) 35,286 151,377 
Helmerich & Payne, Inc. 24,516 628,345 
Liberty Oilfield Services, Inc. Class A (a)(b) 19,434 227,378 
Nabors Industries Ltd. 1,541 124,590 
Newpark Resources, Inc. (a) 19,393 55,076 
Nextier Oilfield Solutions, Inc. (a) 34,052 122,247 
NOV, Inc. (a) 86,818 1,297,929 
Oceaneering International, Inc. (a) 22,187 238,510 
Oil States International, Inc. (a) 15,609 87,566 
Patterson-UTI Energy, Inc. 42,866 289,774 
ProPetro Holding Corp. (a) 17,284 166,445 
RPC, Inc. (a) 14,455 70,251 
Schlumberger Ltd. 316,539 8,562,380 
Select Energy Services, Inc. Class A (a) 14,860 71,774 
Solaris Oilfield Infrastructure, Inc. Class A 6,688 73,167 
Technip Energies NV ADR (a)(b) 20,390 289,742 
TechnipFMC PLC 94,045 695,933 
TETRA Technologies, Inc. (a) 24,516 61,535 
Tidewater, Inc. (a) 8,706 106,736 
Transocean Ltd. (United States) (a)(b) 128,302 413,132 
U.S. Silica Holdings, Inc. 16,668 177,514 
  23,726,579 
Oil, Gas & Consumable Fuels - 2.3%   
Alto Ingredients, Inc. (a)(b) 12,301 68,394 
Antero Resources Corp. (a)(b) 63,719 574,745 
APA Corp. 86,095 1,721,900 
Arch Resources, Inc. (a) 3,276 145,487 
Berry Petroleum Corp. 14,004 85,564 
Bonanza Creek Energy, Inc. 4,227 139,871 
Brigham Minerals, Inc. Class A 8,638 148,055 
Cabot Oil & Gas Corp. 89,427 1,490,748 
Callon Petroleum Co. (a)(b) 10,145 379,322 
Centennial Resource Development, Inc. Class A (a)(b) 40,474 171,610 
Cheniere Energy, Inc. (a) 51,947 4,026,931 
Chevron Corp. 434,280 44,761,240 
Cimarex Energy Co. 23,121 1,530,610 
Clean Energy Fuels Corp. (a) 25,374 279,114 
CNX Resources Corp. (a) 49,651 666,316 
Comstock Resources, Inc. (a)(b) 10,334 56,734 
ConocoPhillips Co. 306,125 15,655,233 
CONSOL Energy, Inc. (a) 6,543 57,448 
Contango Oil & Gas Co. (a) 31,169 116,572 
Continental Resources, Inc. 13,902 378,690 
CVR Energy, Inc. 6,252 133,105 
Delek U.S. Holdings, Inc. 14,064 333,739 
Devon Energy Corp. 133,268 3,115,806 
Diamond S Shipping, Inc. (a) 8,051 79,302 
Diamondback Energy, Inc. 40,936 3,345,699 
EOG Resources, Inc. 131,903 9,713,337 
EQT Corp. (a) 63,629 1,215,314 
Equitrans Midstream Corp. 90,853 741,360 
Exxon Mobil Corp. 954,895 54,658,190 
Green Plains, Inc. (a)(b) 9,421 280,746 
Hess Corp. 61,900 4,612,169 
HollyFrontier Corp. 34,044 1,191,540 
International Seaways, Inc. 5,982 105,762 
Kinder Morgan, Inc. 438,179 7,470,952 
Kosmos Energy Ltd. (a) 92,724 265,191 
Laredo Petroleum, Inc. (a) 2,246 91,053 
Magnolia Oil & Gas Corp. Class A (a) 30,695 345,626 
Marathon Oil Corp. 178,650 2,011,599 
Marathon Petroleum Corp. 146,560 8,156,064 
Matador Resources Co. 24,409 642,201 
Murphy Oil Corp. 33,236 562,685 
National Energy Services Reunited Corp. (a) 6,346 80,531 
Northern Oil & Gas, Inc. (a) 11,327 164,015 
Occidental Petroleum Corp. 190,051 4,819,693 
ONEOK, Inc. 100,167 5,242,741 
Ovintiv, Inc. 59,307 1,419,217 
Par Pacific Holdings, Inc. (a) 8,151 123,814 
PBF Energy, Inc. Class A (a) 21,387 303,268 
PDC Energy, Inc. (a) 22,287 813,698 
Peabody Energy Corp. (a) 15,300 56,610 
Penn Virginia Corp. (a) 3,162 43,098 
Phillips 66 Co. 98,957 8,006,611 
Pioneer Natural Resources Co. 46,525 7,156,941 
Range Resources Corp. (a) 57,219 561,891 
Renewable Energy Group, Inc. (a)(b) 9,889 549,037 
Rex American Resources Corp. (a) 1,082 87,350 
SM Energy Co. 23,591 372,738 
Southwestern Energy Co. (a) 143,347 612,092 
Talos Energy, Inc. (a) 7,743 86,644 
Targa Resources Corp. 51,687 1,793,022 
Teekay Corp. (a) 20,995 67,604 
Teekay Tankers Ltd. (a)(b) 6,971 93,481 
Tellurian, Inc. (a)(b) 49,284 109,164 
The Williams Companies, Inc. 273,483 6,662,046 
Uranium Energy Corp. (a)(b) 45,787 132,782 
Valero Energy Corp. 91,976 6,802,545 
W&T Offshore, Inc. (a)(b) 21,580 70,998 
World Fuel Services Corp. 14,366 444,340 
  218,201,995 
TOTAL ENERGY  241,928,574 
FINANCIALS - 11.8%   
Banks - 4.5%   
1st Source Corp. 3,680 175,131 
Allegiance Bancshares, Inc. 4,019 159,152 
Ameris Bancorp 15,727 850,673 
Associated Banc-Corp. 35,397 774,840 
Atlantic Union Bankshares Corp. 18,083 699,270 
Banc of California, Inc. 12,619 225,880 
BancFirst Corp. 4,688 325,863 
Bancorp, Inc., Delaware (a) 12,152 269,835 
BancorpSouth Bank 22,246 658,259 
Bank of America Corp. 1,713,488 69,447,669 
Bank of Hawaii Corp. 8,892 808,194 
Bank OZK 27,443 1,124,889 
BankUnited, Inc. 20,515 956,204 
Banner Corp. 7,725 439,089 
Berkshire Hills Bancorp, Inc. 10,881 241,449 
BOK Financial Corp. 7,378 648,821 
Boston Private Financial Holdings, Inc. 18,379 270,539 
Brookline Bancorp, Inc., Delaware 16,640 267,904 
Bryn Mawr Bank Corp. 4,369 200,799 
Cadence Bancorp Class A 29,038 646,096 
Camden National Corp. 2,667 127,269 
Cathay General Bancorp 17,392 704,028 
Central Pacific Financial Corp. 6,096 164,287 
CIT Group, Inc. 22,160 1,180,906 
Citigroup, Inc. 471,012 33,554,895 
Citizens Financial Group, Inc. 95,952 4,440,659 
City Holding Co. 3,274 253,408 
Columbia Banking Systems, Inc. 16,017 697,220 
Comerica, Inc. 31,489 2,366,713 
Commerce Bancshares, Inc. 23,782 1,850,477 
Community Bank System, Inc. 12,151 943,282 
Community Trust Bancorp, Inc. 3,056 136,175 
ConnectOne Bancorp, Inc. 7,870 213,671 
CrossFirst Bankshares, Inc. (a) 10,288 151,645 
Cullen/Frost Bankers, Inc. 12,453 1,495,107 
Customers Bancorp, Inc. (a) 6,483 223,793 
CVB Financial Corp. 28,918 613,351 
Dime Community Bancshares, Inc. 7,382 244,492 
Eagle Bancorp, Inc. 6,822 364,363 
East West Bancorp, Inc. 31,885 2,428,043 
Enterprise Financial Services Corp. 6,766 332,414 
FB Financial Corp. 6,576 275,929 
Fifth Third Bancorp 161,660 6,553,696 
First Bancorp, North Carolina 6,002 254,485 
First Bancorp, Puerto Rico 53,227 669,063 
First Bancshares, Inc. 5,109 199,864 
First Busey Corp. 10,912 272,582 
First Citizens Bancshares, Inc. 1,642 1,424,369 
First Commonwealth Financial Corp. 20,210 292,843 
First Financial Bancorp, Ohio 21,509 527,186 
First Financial Bankshares, Inc. (b) 31,817 1,561,578 
First Financial Corp., Indiana 2,595 114,803 
First Foundation, Inc. 8,292 197,350 
First Hawaiian, Inc. 29,173 801,091 
First Horizon National Corp. 125,561 2,296,511 
First Interstate Bancsystem, Inc. 7,025 329,964 
First Merchants Corp. 12,869 594,676 
First Midwest Bancorp, Inc., Delaware 26,764 561,241 
First Republic Bank 39,872 7,306,145 
Flushing Financial Corp. 6,051 140,807 
FNB Corp., Pennsylvania 71,071 916,105 
Fulton Financial Corp. 35,066 597,875 
German American Bancorp, Inc. 5,193 225,013 
Glacier Bancorp, Inc. 21,364 1,259,408 
Great Southern Bancorp, Inc. 2,261 127,543 
Great Western Bancorp, Inc. 11,961 395,311 
Hancock Whitney Corp. 20,069 927,991 
Hanmi Financial Corp. 6,270 127,281 
HarborOne Bancorp, Inc. 13,521 193,486 
Heartland Financial U.S.A., Inc. 9,639 484,553 
Heritage Commerce Corp. 14,178 171,128 
Heritage Financial Corp., Washington 7,461 209,654 
Hilltop Holdings, Inc. 14,451 508,675 
Home Bancshares, Inc. 33,926 944,161 
Hope Bancorp, Inc. 26,820 402,568 
Horizon Bancorp, Inc. Indiana 8,147 149,416 
Huntington Bancshares, Inc. 230,394 3,529,636 
Independent Bank Corp. 4,722 111,250 
Independent Bank Corp., Massachusetts 7,495 613,841 
Independent Bank Group, Inc. 9,165 692,049 
International Bancshares Corp. 13,419 635,926 
Investors Bancorp, Inc. 50,158 734,313 
JPMorgan Chase & Co. 688,083 105,834,046 
KeyCorp 218,240 4,748,902 
Lakeland Bancorp, Inc. 10,958 198,669 
Lakeland Financial Corp. 5,713 372,659 
Live Oak Bancshares, Inc. 6,730 430,451 
M&T Bank Corp. 28,883 4,554,560 
Midland States Bancorp, Inc. 4,640 130,755 
National Bank Holdings Corp. 6,369 254,123 
NBT Bancorp, Inc. 9,084 344,193 
Nicolet Bankshares, Inc. (a) 2,603 207,615 
OceanFirst Financial Corp. 14,505 331,584 
OFG Bancorp 10,617 251,517 
Old National Bancorp, Indiana 39,459 745,775 
Origin Bancorp, Inc. 4,698 205,444 
Pacific Premier Bancorp, Inc. 22,212 977,994 
PacWest Bancorp 26,628 1,155,921 
Park National Corp. 3,422 428,058 
Peoples Bancorp, Inc. 3,720 124,360 
Peoples United Financial, Inc. 95,131 1,724,725 
Pinnacle Financial Partners, Inc. 17,012 1,490,932 
PNC Financial Services Group, Inc. 95,899 17,928,318 
Popular, Inc. 19,129 1,414,781 
Preferred Bank, Los Angeles 2,928 191,901 
Prosperity Bancshares, Inc. 20,560 1,508,282 
QCR Holdings, Inc. 3,470 167,323 
Regions Financial Corp. 216,749 4,725,128 
Renasant Corp. 11,993 505,265 
S&T Bancorp, Inc. 8,425 277,604 
Sandy Spring Bancorp, Inc. 11,243 509,982 
Seacoast Banking Corp., Florida 12,820 466,007 
ServisFirst Bancshares, Inc. 10,718 677,806 
Signature Bank 12,804 3,220,334 
Silvergate Capital Corp. (a) 4,267 457,508 
Simmons First National Corp. Class A 24,339 693,662 
South State Corp. 16,260 1,371,043 
Southside Bancshares, Inc. 6,512 261,457 
Sterling Bancorp 43,885 1,102,830 
Stock Yards Bancorp, Inc. 4,478 229,094 
SVB Financial Group (a) 12,206 6,979,757 
Synovus Financial Corp. 34,958 1,638,132 
TCF Financial Corp. 34,391 1,565,478 
Texas Capital Bancshares, Inc. (a) 11,355 779,294 
Tompkins Financial Corp. 2,576 201,314 
TowneBank 13,654 423,001 
Trico Bancshares 5,609 259,585 
TriState Capital Holdings, Inc. (a) 6,127 146,251 
Triumph Bancorp, Inc. (a) 5,168 458,040 
Truist Financial Corp. 304,803 18,077,866 
Trustmark Corp. 15,910 515,643 
U.S. Bancorp 308,865 18,331,138 
UMB Financial Corp. 9,964 966,807 
Umpqua Holdings Corp. 47,323 882,101 
United Bankshares, Inc., West Virginia 29,606 1,162,628 
United Community Bank, Inc. 19,230 629,206 
Univest Corp. of Pennsylvania 6,215 173,585 
Valley National Bancorp 92,637 1,275,611 
Veritex Holdings, Inc. 11,707 395,462 
Washington Trust Bancorp, Inc. 3,825 195,266 
Webster Financial Corp. 20,147 1,065,978 
Wells Fargo & Co. 932,738 42,019,847 
WesBanco, Inc. 15,515 563,039 
Westamerica Bancorp. 6,256 396,630 
Western Alliance Bancorp. 23,228 2,440,566 
Wintrust Financial Corp. 12,511 964,598 
Zions Bancorp NA 37,235 2,077,713 
  434,813,264 
Capital Markets - 3.0%   
Affiliated Managers Group, Inc. 9,618 1,550,133 
Ameriprise Financial, Inc. 26,442 6,832,613 
Apollo Global Management LLC Class A 47,465 2,628,137 
Ares Management Corp. 24,086 1,264,997 
Artisan Partners Asset Management, Inc. 13,960 710,843 
Assetmark Financial Holdings, Inc. (a) 3,392 76,388 
B. Riley Financial, Inc. 4,007 285,659 
Bank of New York Mellon Corp. 182,261 9,091,179 
BGC Partners, Inc. Class A 72,972 386,752 
BlackRock, Inc. Class A 31,979 26,200,395 
Blucora, Inc. (a) 10,387 149,521 
BrightSphere Investment Group, Inc. 12,810 288,353 
Carlyle Group LP 25,933 1,106,302 
Cboe Global Markets, Inc. 24,198 2,525,545 
Charles Schwab Corp. 337,633 23,769,363 
CME Group, Inc. 81,023 16,365,836 
Cohen & Steers, Inc. 5,518 375,334 
Cowen Group, Inc. Class A 6,262 247,286 
Diamond Hill Investment Group, Inc. 609 104,139 
Donnelley Financial Solutions, Inc. (a) 6,724 205,485 
Evercore, Inc. Class A 9,606 1,346,089 
FactSet Research Systems, Inc. 8,550 2,874,681 
Federated Hermes, Inc. Class B (non-vtg.) 21,316 613,901 
Focus Financial Partners, Inc. Class A (a) 9,262 435,870 
Franklin Resources, Inc. 61,800 1,854,000 
Goldman Sachs Group, Inc. 77,566 27,027,873 
Greenhill & Co., Inc. 3,173 48,166 
Hamilton Lane, Inc. Class A 7,334 663,360 
Houlihan Lokey 11,599 768,666 
Interactive Brokers Group, Inc. 18,451 1,319,616 
Intercontinental Exchange, Inc. 126,413 14,880,074 
Invesco Ltd. 84,674 2,286,198 
Janus Henderson Group PLC 38,746 1,332,475 
KKR & Co. LP 129,732 7,340,237 
Lazard Ltd. Class A 25,094 1,128,979 
LPL Financial 17,960 2,814,332 
MarketAxess Holdings, Inc. 8,559 4,180,729 
Moelis & Co. Class A 13,203 716,659 
Moody's Corp. 36,232 11,837,357 
Morgan Stanley 338,309 27,927,408 
Morningstar, Inc. 4,879 1,292,984 
MSCI, Inc. 18,629 9,049,409 
NASDAQ, Inc. 26,013 4,202,140 
Northern Trust Corp. 47,257 5,377,847 
Open Lending Corp. (a) 21,949 857,108 
Oppenheimer Holdings, Inc. Class A (non-vtg.) 1,965 100,549 
Piper Jaffray Companies 3,297 382,419 
PJT Partners, Inc. 5,713 420,077 
Raymond James Financial, Inc. 27,506 3,597,235 
S&P Global, Inc. 54,246 21,177,096 
Sculptor Capital Management, Inc. Class A 3,941 89,618 
SEI Investments Co. 27,206 1,671,537 
State Street Corp. 79,282 6,655,724 
Stifel Financial Corp. 23,458 1,623,059 
StoneX Group, Inc. (a) 3,500 222,320 
T. Rowe Price Group, Inc. 51,504 9,229,517 
The Blackstone Group LP 154,079 13,634,451 
Tradeweb Markets, Inc. Class A 23,082 1,876,105 
Victory Capital Holdings, Inc. 3,535 98,096 
Virtu Financial, Inc. Class A 17,940 531,562 
Virtus Investment Partners, Inc. 1,547 423,043 
Waddell & Reed Financial, Inc. Class A 13,656 341,127 
WisdomTree Investments, Inc. 25,257 171,369 
  288,585,322 
Consumer Finance - 0.6%   
Ally Financial, Inc. 84,335 4,339,036 
American Express Co. 147,149 22,565,299 
Capital One Financial Corp. 103,581 15,441,855 
Credit Acceptance Corp.(a)(b) 2,601 1,026,849 
CURO Group Holdings Corp. 3,009 43,089 
Discover Financial Services 69,213 7,890,282 
Encore Capital Group, Inc. (a)(b) 6,766 266,174 
Enova International, Inc. (a) 8,111 277,721 
EZCORP, Inc. (non-vtg.) Class A (a) 9,132 51,413 
First Cash Financial Services, Inc. 9,100 655,473 
Green Dot Corp. Class A (a) 12,088 553,147 
LendingClub Corp. (a) 18,107 278,667 
LendingTree, Inc. (a) 2,427 501,151 
Navient Corp. 40,563 682,675 
Nelnet, Inc. Class A 4,525 335,891 
OneMain Holdings, Inc. 19,039 1,082,748 
PRA Group, Inc. (a) 10,430 393,002 
PROG Holdings, Inc. 15,509 790,028 
Santander Consumer U.S.A. Holdings, Inc. 15,449 524,339 
SLM Corp. 78,356 1,540,479 
Synchrony Financial 122,673 5,365,717 
World Acceptance Corp. (a)(b) 865 113,090 
  64,718,125 
Diversified Financial Services - 1.3%   
A-Mark Precious Metals, Inc. 1,121 41,780 
Berkshire Hathaway, Inc. Class B (a) 429,594 118,116,870 
Cannae Holdings, Inc. (a) 19,479 773,316 
Equitable Holdings, Inc. 88,183 3,018,504 
Jefferies Financial Group, Inc. 45,932 1,493,249 
Voya Financial, Inc. 27,974 1,897,197 
  125,340,916 
Insurance - 2.1%   
AFLAC, Inc. 144,164 7,745,932 
Alleghany Corp. (a) 3,136 2,129,250 
Allstate Corp. 68,284 8,658,411 
AMBAC Financial Group, Inc. (a) 9,600 164,640 
American Equity Investment Life Holding Co. 18,677 578,613 
American Financial Group, Inc. 15,861 1,948,682 
American International Group, Inc. 195,779 9,485,493 
American National Group, Inc. 1,896 214,912 
Amerisafe, Inc. 4,247 263,654 
Aon PLC 50,969 12,815,645 
Arch Capital Group Ltd. (a) 90,569 3,596,495 
Argo Group International Holdings, Ltd. 7,701 401,838 
Arthur J. Gallagher & Co. 43,609 6,321,125 
Assurant, Inc. 13,215 2,056,254 
Assured Guaranty Ltd. 16,929 860,840 
Athene Holding Ltd. (a) 27,830 1,660,616 
Axis Capital Holdings Ltd. 17,686 986,879 
Brighthouse Financial, Inc. (a) 19,352 905,480 
Brown & Brown, Inc. 52,461 2,789,876 
BRP Group, Inc. (a) 9,693 281,291 
Chubb Ltd. 101,582 17,430,455 
Cincinnati Financial Corp. 33,950 3,825,486 
CNO Financial Group, Inc. 32,094 819,360 
eHealth, Inc. (a) 5,787 409,372 
Employers Holdings, Inc. 6,166 249,600 
Enstar Group Ltd. (a) 2,988 750,526 
Erie Indemnity Co. Class A 5,575 1,193,162 
Everest Re Group Ltd. 9,131 2,528,830 
FBL Financial Group, Inc. Class A 2,055 116,498 
Fidelity National Financial, Inc. 65,894 3,006,084 
First American Financial Corp. 24,648 1,589,796 
Genworth Financial, Inc. Class A (a) 112,600 486,432 
Globe Life, Inc. 21,602 2,213,989 
GoHealth, Inc. (a) 9,748 116,294 
Goosehead Insurance 3,711 407,987 
Greenlight Capital Re, Ltd. (a) 6,458 59,607 
Hanover Insurance Group, Inc. 8,234 1,138,845 
Hartford Financial Services Group, Inc. 80,442 5,305,954 
HCI Group, Inc. 1,585 116,371 
Heritage Insurance Holdings, Inc. 5,941 54,123 
Horace Mann Educators Corp. 8,966 359,537 
James River Group Holdings Ltd. 6,590 310,455 
Kemper Corp. 13,733 1,071,998 
Kinsale Capital Group, Inc. 4,886 850,213 
Lemonade, Inc. (a)(b) 3,911 353,554 
Lincoln National Corp. 41,308 2,649,082 
Loews Corp. 51,530 2,872,798 
Markel Corp. (a) 3,124 3,675,136 
Marsh & McLennan Companies, Inc. 114,273 15,506,846 
MBIA, Inc. (a) 10,573 105,941 
Mercury General Corp. 5,852 364,404 
MetLife, Inc. 169,889 10,810,037 
National Western Life Group, Inc. 482 110,523 
Old Republic International Corp. 63,480 1,562,878 
Palomar Holdings, Inc. (a) 4,959 348,915 
Primerica, Inc. 8,804 1,406,615 
Principal Financial Group, Inc. 57,180 3,652,087 
ProAssurance Corp. 12,233 305,825 
Progressive Corp. 132,096 13,307,351 
Prudential Financial, Inc. 89,711 9,003,396 
Reinsurance Group of America, Inc. 15,361 2,005,071 
RenaissanceRe Holdings Ltd. 11,439 1,931,018 
RLI Corp. 9,153 1,020,193 
Safety Insurance Group, Inc. 3,639 298,507 
Selective Insurance Group, Inc. 13,458 1,024,692 
Selectquote, Inc. 9,983 310,771 
Siriuspoint Ltd. (a) 17,397 184,060 
Stewart Information Services Corp. 5,869 344,217 
The Travelers Companies, Inc. 56,948 8,807,578 
Trean Insurance Group, Inc. (a) 2,073 36,257 
Trupanion, Inc. (a) 7,407 600,708 
United Fire Group, Inc. 4,597 139,105 
Universal Insurance Holdings, Inc. 5,366 74,856 
Unum Group 45,376 1,282,326 
W.R. Berkley Corp. 31,791 2,534,379 
Watford Holdings Ltd. (a) 4,230 147,458 
White Mountains Insurance Group Ltd. 689 802,981 
Willis Towers Watson PLC 29,134 7,541,627 
  203,398,092 
Mortgage Real Estate Investment Trusts - 0.2%   
AG Mortgage Investment Trust, Inc. 9,781 38,635 
AGNC Investment Corp. 120,917 2,168,042 
Annaly Capital Management, Inc. 314,257 2,853,454 
Apollo Commercial Real Estate Finance, Inc. 31,579 480,317 
Arbor Realty Trust, Inc. 26,383 466,451 
Ares Commercial Real Estate Corp. 9,998 147,570 
Armour Residential REIT, Inc. 13,389 166,425 
Blackstone Mortgage Trust, Inc. 33,107 1,075,646 
Broadmark Realty Capital, Inc. 26,624 287,007 
Capstead Mortgage Corp. 21,358 138,400 
Cherry Hill Mortgage Investment Corp. 4,889 49,477 
Chimera Investment Corp. 54,641 717,983 
Colony NorthStar Credit Real Estate, Inc. 17,093 148,538 
Dynex Capital, Inc. 5,787 116,897 
Ellington Financial LLC 9,630 172,762 
Granite Point Mortgage Trust, Inc. 11,320 149,877 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. 17,694 927,166 
Invesco Mortgage Capital, Inc. 57,977 226,110 
KKR Real Estate Finance Trust, Inc. 5,535 116,789 
Ladder Capital Corp. Class A 31,085 369,601 
MFA Financial, Inc. 104,677 460,579 
New Residential Investment Corp. 107,016 1,147,212 
New York Mortgage Trust, Inc. 80,928 371,460 
Orchid Island Capital, Inc. 37,543 206,487 
PennyMac Mortgage Investment Trust 23,547 472,117 
Ready Capital Corp. 15,800 229,258 
Redwood Trust, Inc. 23,662 262,885 
Starwood Property Trust, Inc. 65,132 1,681,708 
TPG RE Finance Trust, Inc. 13,740 171,200 
Two Harbors Investment Corp. 65,418 510,260 
Western Asset Mortgage Capital Corp. 9,566 30,229 
  16,360,542 
Thrifts & Mortgage Finance - 0.1%   
Axos Financial, Inc. (a)(b) 11,652 526,088 
Capitol Federal Financial, Inc. 30,366 392,481 
Columbia Financial, Inc. (a) 10,299 188,163 
Essent Group Ltd. 26,320 1,383,906 
Federal Agricultural Mortgage Corp. Class C (non-vtg.) 1,695 174,348 
Flagstar Bancorp, Inc. 11,338 527,671 
HomeStreet, Inc. 4,334 177,001 
Kearny Financial Corp. 16,725 213,746 
Merchants Bancorp 3,414 139,257 
Meridian Bancorp, Inc. Maryland 12,049 266,403 
Meta Financial Group, Inc. 7,132 351,322 
MGIC Investment Corp. 75,857 1,156,061 
Mr. Cooper Group, Inc. (a) 15,846 546,370 
New York Community Bancorp, Inc. 103,442 1,237,166 
NMI Holdings, Inc. (a) 19,371 500,547 
Northfield Bancorp, Inc. 10,186 164,809 
Northwest Bancshares, Inc. 28,681 402,681 
Ocwen Financial Corp. (a) 1,367 43,074 
Pennymac Financial Services, Inc. 8,937 538,097 
Premier Financial Corp. 7,926 250,382 
Provident Financial Services, Inc. 15,477 364,793 
Radian Group, Inc. 42,572 1,048,974 
Rocket Cos., Inc. 25,719 577,392 
TFS Financial Corp. 11,563 226,172 
Trustco Bank Corp., New York 19,724 144,281 
Walker & Dunlop, Inc. 6,566 727,841 
Washington Federal, Inc. 17,371 565,426 
Waterstone Financial, Inc. 4,272 84,158 
WSFS Financial Corp. 10,605 541,809 
  13,460,419 
TOTAL FINANCIALS  1,146,676,680 
HEALTH CARE - 13.2%   
Biotechnology - 2.6%   
AbbVie, Inc. 398,545 44,437,768 
Abeona Therapeutics, Inc. (a)(b) 11,891 21,047 
ACADIA Pharmaceuticals, Inc. (a) 26,130 537,233 
Acceleron Pharma, Inc. (a) 11,724 1,465,148 
ADMA Biologics, Inc. (a) 17,199 33,710 
Adverum Biotechnologies, Inc. (a) 19,121 74,572 
Aeglea BioTherapeutics, Inc. (a) 12,230 95,149 
Agenus, Inc. (a) 36,058 111,419 
Agios Pharmaceuticals, Inc. (a) 12,724 709,999 
Akebia Therapeutics, Inc. (a)(b) 31,906 101,780 
Akero Therapeutics, Inc. (a)(b) 3,437 105,860 
Akouos, Inc. (a) 2,627 37,356 
Albireo Pharma, Inc. (a)(b) 3,590 115,239 
Aldeyra Therapeutics, Inc. (a) 10,975 137,956 
Alector, Inc. (a)(b) 11,455 223,373 
Alexion Pharmaceuticals, Inc. (a) 49,684 8,380,697 
Alkermes PLC (a) 35,906 790,112 
Allakos, Inc. (a) 7,086 773,224 
Allogene Therapeutics, Inc. (a)(b) 14,696 454,400 
Allovir, Inc. (a) 3,357 79,326 
Alnylam Pharmaceuticals, Inc. (a) 26,403 3,713,318 
Altimmune, Inc. (a)(b) 7,125 103,099 
ALX Oncology Holdings, Inc. (a)(b) 2,435 152,577 
Amgen, Inc. 130,478 31,267,748 
Amicus Therapeutics, Inc. (a) 58,819 578,779 
AnaptysBio, Inc. (a)(b) 4,786 111,753 
Anavex Life Sciences Corp. (a)(b) 15,829 191,214 
Anika Therapeutics, Inc. (a) 3,908 157,023 
Annexon, Inc. (a) 3,056 60,906 
Apellis Pharmaceuticals, Inc. (a)(b) 13,545 686,325 
Applied Genetic Technologies Corp. (a)(b) 10,973 46,416 
Applied Molecular Transport, Inc. (b) 3,380 194,316 
Applied Therapeutics, Inc. (a) 4,011 74,284 
Aprea Therapeutics, Inc. (a)(b) 3,331 15,622 
Arbutus Biopharma Corp. (a) 19,481 67,599 
Arcturus Therapeutics Holdings, Inc. (a)(b) 4,554 166,950 
Arcus Biosciences, Inc. (a) 9,965 336,319 
Arcutis Biotherapeutics, Inc. (a) 6,377 213,630 
Ardelyx, Inc. (a) 19,519 142,684 
Arena Pharmaceuticals, Inc. (a) 13,499 926,436 
Arrowhead Pharmaceuticals, Inc. (a)(b) 23,522 1,711,461 
Assembly Biosciences, Inc. (a)(b) 5,944 25,440 
Atara Biotherapeutics, Inc. (a) 19,740 277,544 
Athenex, Inc. (a)(b) 15,684 62,893 
Athersys, Inc. (a) 33,237 55,506 
Atreca, Inc. (a)(b) 5,317 63,485 
Avid Bioservices, Inc. (a) 13,249 283,595 
Avidity Biosciences, Inc. 4,053 95,002 
Avita Therapeutics, Inc. (a) 4,231 87,328 
AVROBIO, Inc. (a) 9,555 111,602 
Beam Therapeutics, Inc. (a)(b) 5,874 481,668 
BeyondSpring, Inc. (a) 5,018 54,144 
BioCryst Pharmaceuticals, Inc. (a)(b) 39,851 463,666 
Biogen, Inc. (a) 34,411 9,199,093 
Biohaven Pharmaceutical Holding Co. Ltd. (a) 11,663 875,891 
BioMarin Pharmaceutical, Inc. (a) 40,677 3,169,552 
BioXcel Therapeutics, Inc. (a)(b) 3,251 110,436 
Black Diamond Therapeutics, Inc. (a)(b) 2,980 79,387 
bluebird bio, Inc. (a) 15,217 456,510 
Blueprint Medicines Corp. (a) 12,986 1,250,812 
BrainStorm Cell Therpeutic, Inc.(a)(b) 4,412 15,310 
BridgeBio Pharma, Inc. (a)(b) 21,561 1,205,691 
Burning Rock Biotech Ltd. ADR 3,107 94,764 
Calithera Biosciences, Inc. (a) 15,184 32,949 
Capricor Therapeutics, Inc. (a) 3,520 16,298 
CareDx, Inc. (a) 11,749 928,993 
Catalyst Biosciences, Inc. (a) 5,646 28,456 
Catalyst Pharmaceutical Partners, Inc. (a)(b) 27,352 125,272 
Cel-Sci Corp. (a)(b) 9,314 224,747 
Celldex Therapeutics, Inc. (a) 8,415 255,227 
ChemoCentryx, Inc. (a) 11,348 548,449 
Chimerix, Inc. (a)(b) 17,176 149,603 
Chinook Therapeutics, Inc. (a) 7,848 140,872 
Clovis Oncology, Inc. (a)(b) 24,176 143,605 
Coherus BioSciences, Inc. (a) 14,740 218,152 
Concert Pharmaceuticals, Inc. (a) 4,143 17,193 
Constellation Pharmaceuticals, Inc. (a) 7,228 156,269 
Corbus Pharmaceuticals Holdings, Inc. (a) 12,965 23,337 
Cortexyme, Inc. (a)(b) 3,069 120,213 
Crinetics Pharmaceuticals, Inc. (a) 3,723 64,445 
Cue Biopharma, Inc. (a) 5,090 61,742 
Cyclerion Therapeutics, Inc. (a) 7,598 16,564 
Cytokinetics, Inc. (a) 16,207 412,306 
CytomX Therapeutics, Inc. (a) 16,848 157,697 
Deciphera Pharmaceuticals, Inc. (a) 9,299 431,195 
Denali Therapeutics, Inc. (a) 18,044 1,090,579 
DermTech, Inc. (a)(b) 5,467 229,887 
Dicerna Pharmaceuticals, Inc. (a) 15,562 485,379 
Dynavax Technologies Corp. (a)(b) 22,777 227,314 
Eagle Pharmaceuticals, Inc. (a) 2,905 118,611 
Editas Medicine, Inc. (a)(b) 15,393 569,695 
Eiger Biopharmaceuticals, Inc. (a) 7,379 62,648 
Emergent BioSolutions, Inc. (a) 10,100 615,898 
Enanta Pharmaceuticals, Inc. (a) 3,662 185,810 
Epizyme, Inc. (a)(b) 20,222 157,934 
Esperion Therapeutics, Inc. (a)(b) 6,019 162,212 
Exact Sciences Corp. (a) 37,986 5,007,315 
Exelixis, Inc. (a) 70,935 1,746,420 
Fate Therapeutics, Inc. (a) 17,873 1,561,921 
FibroGen, Inc. (a) 18,752 418,545 
Flexion Therapeutics, Inc. (a)(b) 9,709 75,342 
Forma Therapeutics Holdings, Inc. 3,966 106,884 
Fortress Biotech, Inc. (a) 12,529 54,125 
Frequency Therapeutics, Inc. (a)(b) 6,596 76,580 
G1 Therapeutics, Inc. (a)(b) 7,814 164,641 
Generation Bio Co. 4,666 170,122 
Geron Corp. (a) 66,152 95,920 
Gilead Sciences, Inc. 284,309 18,045,092 
Global Blood Therapeutics, Inc. (a)(b) 13,967 569,574 
GlycoMimetics, Inc. (a) 6,172 14,813 
Gossamer Bio, Inc. (a)(b) 10,816 93,450 
Halozyme Therapeutics, Inc. (a) 28,808 1,438,960 
Harpoon Therapeutics, Inc. (a) 6,208 140,549 
Heat Biologics, Inc. (a)(b) 4,327 29,726 
Heron Therapeutics, Inc. (a)(b) 17,790 310,969 
Homology Medicines, Inc. (a) 6,476 43,843 
iBio, Inc. (a) 52,622 72,092 
Ideaya Biosciences, Inc. (a) 4,399 90,399 
IGM Biosciences, Inc. (a) 1,667 117,890 
Immatics NV (a)(b) 5,563 67,980 
ImmunityBio, Inc. (a)(b) 8,468 150,307 
ImmunoGen, Inc. (a) 45,073 363,288 
Immunovant, Inc. (a) 11,261 176,572 
Incyte Corp. (a) 41,841 3,572,385 
Inovio Pharmaceuticals, Inc. (a)(b) 46,310 315,371 
Inozyme Pharma, Inc. (a)(b) 1,209 22,342 
Insmed, Inc. (a) 22,899 772,383 
Intellia Therapeutics, Inc. (a) 14,086 1,081,382 
Intercept Pharmaceuticals, Inc. (a)(b) 5,652 111,797 
Invitae Corp. (a)(b) 39,880 1,391,812 
Ionis Pharmaceuticals, Inc. (a) 32,140 1,376,235 
Iovance Biotherapeutics, Inc. (a) 30,567 961,026 
Ironwood Pharmaceuticals, Inc. Class A (a) 41,021 452,872 
iTeos Therapeutics, Inc. (a) 2,140 50,311 
Iveric Bio, Inc. (a) 15,969 111,783 
Jounce Therapeutics, Inc. (a) 5,212 49,149 
Kadmon Holdings, Inc. (a)(b) 32,925 133,676 
Kalvista Pharmaceuticals, Inc. (a) 3,967 99,056 
Karuna Therapeutics, Inc. (a) 4,102 455,363 
Karyopharm Therapeutics, Inc. (a)(b) 13,953 130,321 
Keros Therapeutics, Inc. (b) 1,180 69,384 
Kindred Biosciences, Inc. (a) 6,228 31,140 
Kiniksa Pharmaceuticals Ltd. (a)(b) 5,000 82,300 
Kodiak Sciences, Inc. (a) 7,103 858,327 
Krystal Biotech, Inc. (a) 4,310 342,386 
Kura Oncology, Inc. (a) 15,008 404,165 
Ligand Pharmaceuticals, Inc. Class B (a)(b) 3,720 542,711 
Lineage Cell Therapeutics, Inc. (a)(b) 28,883 79,139 
Macrogenics, Inc. (a) 12,204 394,921 
Madrigal Pharmaceuticals, Inc. (a) 2,093 284,857 
Magenta Therapeutics, Inc. (a) 4,618 53,800 
MannKind Corp. (a)(b) 55,929 255,596 
Matinas BioPharma Holdings, Inc. (a) 29,750 26,180 
MediciNova, Inc. (a)(b) 13,071 57,382 
MEI Pharma, Inc. (a)(b) 17,305 63,163 
Mersana Therapeutics, Inc. (a) 11,784 187,719 
Minerva Neurosciences, Inc. (a) 5,878 13,990 
Mirati Therapeutics, Inc. (a) 10,238 1,701,760 
Mirum Pharmaceuticals, Inc. (a)(b) 3,900 76,206 
Moderna, Inc. (a) 68,583 12,264,012 
Molecular Templates, Inc. (a)(b) 9,589 89,753 
Morphic Holding, Inc. (a) 3,413 189,080 
Mustang Bio, Inc. (a) 7,656 24,729 
Myriad Genetics, Inc. (a) 16,692 504,432 
Natera, Inc. (a) 17,803 1,958,686 
Neoleukin Therapeutics, Inc. (a)(b) 6,207 77,525 
Neubase Therapeutics, Inc. (a)(b) 3,796 22,890 
Neurocrine Biosciences, Inc. (a) 21,352 2,017,550 
NextCure, Inc. (a) 2,365 20,741 
Nkarta, Inc. (a) 3,754 119,565 
Novavax, Inc. (a) 15,364 3,640,193 
Nurix Therapeutics, Inc. (a)(b) 3,108 108,221 
Opko Health, Inc. (a)(b) 98,756 404,900 
ORIC Pharmaceuticals, Inc. (a) 2,986 72,052 
Ovid Therapeutics, Inc. (a)(b) 6,580 24,149 
Oyster Point Pharma, Inc. (a)(b) 2,507 51,770 
Palatin Technologies, Inc. (a)(b) 38,374 23,907 
Passage Bio, Inc. (a)(b) 4,901 91,943 
PDL BioPharma, Inc. (a)(c) 20,940 51,722 
Poseida Therapeutics, Inc. (a) 2,484 23,250 
Precigen, Inc. (a)(b) 21,513 166,403 
Precision BioSciences, Inc. (a)(b) 8,093 75,184 
Protagonist Therapeutics, Inc. (a) 9,109 263,614 
Prothena Corp. PLC (a) 5,951 157,940 
PTC Therapeutics, Inc. (a) 15,642 644,607 
Puma Biotechnology, Inc. (a) 8,302 81,858 
Radius Health, Inc. (a) 10,106 225,364 
RAPT Therapeutics, Inc. (a)(b) 1,687 37,013 
Recro Pharma, Inc. (a) 2,879 7,687 
Regeneron Pharmaceuticals, Inc. (a) 23,911 11,508,364 
REGENXBIO, Inc. (a) 7,789 270,200 
Relay Therapeutics, Inc. (a)(b) 4,678 148,339 
Repligen Corp. (a) 11,615 2,459,012 
Replimune Group, Inc. (a) 5,591 204,575 
Revolution Medicines, Inc. (a) 10,672 354,204 
Rhythm Pharmaceuticals, Inc. (a) 9,022 194,514 
Rigel Pharmaceuticals, Inc. (a) 38,752 144,157 
Rocket Pharmaceuticals, Inc. (a)(b) 9,687 444,052 
Rubius Therapeutics, Inc. (a) 9,312 232,986 
Sage Therapeutics, Inc. (a) 11,593 913,065 
Sangamo Therapeutics, Inc. (a) 26,455 311,640 
Sarepta Therapeutics, Inc. (a) 17,653 1,250,539 
Scholar Rock Holding Corp. (a) 4,589 148,454 
Seagen, Inc. (a) 28,666 4,121,024 
Selecta Biosciences, Inc. (a) 17,187 51,561 
Seres Therapeutics, Inc. (a)(b) 12,568 261,540 
Sesen Bio, Inc. (a) 39,225 112,968 
Sorrento Therapeutics, Inc. (a)(b) 52,317 430,569 
Spectrum Pharmaceuticals, Inc. (a)(b) 29,030 90,283 
Spero Therapeutics, Inc. (a)(b) 4,427 60,916 
Springworks Therapeutics, Inc. (a)(b) 6,451 463,569 
Stoke Therapeutics, Inc. (a)(b) 4,236 136,823 
Sutro Biopharma, Inc. (a)(b) 8,979 184,159 
Syndax Pharmaceuticals, Inc. (a)(b) 7,065 112,616 
Syros Pharmaceuticals, Inc. (a) 14,802 89,404 
T2 Biosystems, Inc. (a)(b) 28,899 39,881 
TCR2 Therapeutics, Inc. (a) 5,230 118,773 
TG Therapeutics, Inc. (a) 25,829 1,154,815 
Translate Bio, Inc. (a)(b) 16,289 378,231 
Travere Therapeutics, Inc. (a) 13,620 336,686 
Trevena, Inc. (a) 28,170 48,452 
Turning Point Therapeutics, Inc. (a) 9,476 722,355 
Twist Bioscience Corp. (a) 9,560 1,282,856 
Ultragenyx Pharmaceutical, Inc. (a) 14,052 1,568,765 
uniQure B.V. (a) 8,281 267,228 
United Therapeutics Corp. (a) 10,037 2,023,058 
UNITY Biotechnology, Inc. (a) 7,661 38,075 
Vanda Pharmaceuticals, Inc. (a) 11,736 194,818 
Vaxart, Inc. (a)(b) 26,370 284,269 
Vaxcyte, Inc. 3,429 63,677 
VBI Vaccines, Inc. (a)(b) 49,772 156,782 
Veracyte, Inc. (a) 14,892 740,877 
Verastem, Inc. (a) 34,936 107,254 
Vericel Corp. (a) 10,276 641,428 
Vertex Pharmaceuticals, Inc. (a) 58,873 12,846,089 
Viking Therapeutics, Inc. (a)(b) 11,665 74,539 
Vir Biotechnology, Inc. (a)(b) 14,511 692,755 
Voyager Therapeutics, Inc. (a)(b) 4,677 22,543 
Xbiotech, Inc. (a) 2,697 46,065 
Xencor, Inc. (a) 13,255 564,133 
Y-mAbs Therapeutics, Inc. (a) 6,438 193,591 
Zentalis Pharmaceuticals, Inc. 3,149 186,799 
ZIOPHARM Oncology, Inc. (a)(b) 46,538 161,021 
  247,214,494 
Health Care Equipment & Supplies - 3.5%   
Abbott Laboratories 399,487 47,970,399 
Abiomed, Inc. (a) 10,164 3,259,900 
Accelerate Diagnostics, Inc. (a)(b) 6,787 49,613 
Accuray, Inc. (a) 21,083 99,090 
Acutus Medical, Inc. (a)(b) 1,927 26,304 
Align Technology, Inc. (a) 16,276 9,692,846 
Alphatec Holdings, Inc. (a) 13,693 218,951 
Angiodynamics, Inc. (a) 8,533 207,352 
Antares Pharma, Inc. (a)(b) 33,403 126,597 
Aspira Women's Health, Inc. (a) 14,536 83,146 
Atricure, Inc. (a) 10,246 789,659 
Atrion Corp. 298 190,303 
Avanos Medical, Inc. (a)(b) 10,705 462,563 
AxoGen, Inc. (a) 7,211 134,990 
Axonics Modulation Technologies, Inc. (a) 6,976 439,000 
Baxter International, Inc. 113,778 9,749,637 
Becton, Dickinson & Co. 65,501 16,297,304 
BioLife Solutions, Inc. (a) 5,611 195,824 
BioSig Technologies, Inc. (a) 4,618 15,794 
Boston Scientific Corp. (a) 319,666 13,937,438 
Cantel Medical Corp. (a) 8,333 732,554 
Cardiovascular Systems, Inc. (a) 8,568 345,462 
Cerus Corp. (a) 40,681 248,154 
Co.-Diagnostics, Inc. (a)(b) 5,221 46,258 
CONMED Corp. 6,630 934,499 
Cryolife, Inc. (a)(b) 8,150 237,817 
CryoPort, Inc. (a)(b) 10,080 570,226 
Cutera, Inc. (a)(b) 3,827 114,925 
CytoSorbents Corp. (a) 7,450 68,913 
Danaher Corp. 142,945 36,299,453 
Dentsply Sirona, Inc. 49,669 3,353,154 
DexCom, Inc. (a) 21,743 8,394,972 
Edwards Lifesciences Corp. (a) 140,905 13,459,246 
Envista Holdings Corp. (a) 36,248 1,568,813 
Glaukos Corp. (a)(b) 10,599 998,002 
Globus Medical, Inc. (a) 17,372 1,246,788 
Haemonetics Corp. (a) 11,753 790,507 
Heska Corp. (a) 2,289 418,086 
Hill-Rom Holdings, Inc. 15,102 1,664,542 
Hologic, Inc. (a) 58,412 3,828,907 
ICU Medical, Inc. (a) 4,344 904,725 
IDEXX Laboratories, Inc. (a) 19,306 10,598,801 
Inari Medical, Inc. 1,802 205,951 
Inogen, Inc. (a) 3,930 256,983 
Insulet Corp. (a) 14,861 4,387,264 
Integer Holdings Corp. (a)(b) 7,437 698,186 
Integra LifeSciences Holdings Corp. (a) 15,826 1,172,390 
Intersect ENT, Inc. (a) 7,044 153,630 
Intuitive Surgical, Inc. (a) 26,566 22,979,590 
Invacare Corp. 6,817 61,558 
iRhythm Technologies, Inc. (a) 6,556 510,450 
Lantheus Holdings, Inc. (a) 15,477 366,805 
LeMaitre Vascular, Inc. 3,692 193,719 
LivaNova PLC (a) 11,047 937,559 
Masimo Corp. (a) 11,496 2,674,774 
Medtronic PLC 303,771 39,769,699 
Meridian Bioscience, Inc. (a)(b) 9,355 183,171 
Merit Medical Systems, Inc. (a) 10,932 695,275 
Mesa Laboratories, Inc. 1,022 254,120 
Natus Medical, Inc. (a) 8,153 208,309 
Neogen Corp. (a) 12,293 1,180,251 
Nevro Corp. (a) 7,853 1,357,077 
Novocure Ltd. (a) 19,122 3,902,800 
NuVasive, Inc. (a) 11,438 817,245 
OraSure Technologies, Inc. (a) 15,433 141,212 
Orthofix International NV (a) 4,103 181,968 
OrthoPediatrics Corp. (a)(b) 3,031 177,314 
Penumbra, Inc. (a) 7,638 2,337,152 
Pulse Biosciences, Inc. (a)(b) 2,561 49,325 
Quidel Corp. (a) 8,615 902,766 
Quotient Ltd. (a) 17,129 67,146 
Repro Medical Systems, Inc. (a)(b) 6,295 23,732 
ResMed, Inc. 32,875 6,179,514 
Retractable Technologies, Inc. (a)(b) 2,707 26,285 
Rockwell Medical Technologies, Inc. (a)(b) 15,382 14,837 
Seaspine Holdings Corp. (a) 5,280 109,877 
Shockwave Medical, Inc. (a) 7,140 1,167,104 
SI-BONE, Inc. (a) 6,009 213,320 
Sientra, Inc. (a)(b) 10,217 70,089 
Silk Road Medical, Inc. (a) 8,202 501,470 
SmileDirectClub, Inc. (a)(b) 18,120 192,706 
Staar Surgical Co. (a) 10,407 1,425,863 
STERIS PLC 19,315 4,075,851 
Stryker Corp. 73,758 19,371,064 
Surgalign Holdings, Inc. (a) 26,747 48,412 
SurModics, Inc. (a) 2,938 157,154 
Tactile Systems Technology, Inc. (a) 4,668 267,476 
Tandem Diabetes Care, Inc. (a) 13,934 1,280,535 
Teleflex, Inc. 10,572 4,466,459 
The Cooper Companies, Inc. 11,066 4,546,909 
TransMedics Group, Inc. (a) 5,114 146,823 
Vapotherm, Inc. (a)(b) 4,695 103,290 
Varex Imaging Corp. (a) 8,500 201,790 
ViewRay, Inc. (a) 28,321 136,224 
West Pharmaceutical Services, Inc. 16,801 5,519,465 
Wright Medical Group NV (c) 326 0 
Zimmer Biomet Holdings, Inc. 46,831 8,296,580 
Zynex, Inc. (a)(b) 3,888 57,426 
  336,195,458 
Health Care Providers & Services - 2.5%   
1Life Healthcare, Inc. (a) 17,295 752,505 
Acadia Healthcare Co., Inc. (a) 20,139 1,226,868 
Accolade, Inc. (a) 3,403 170,660 
AdaptHealth Corp. (a) 16,602 482,454 
Addus HomeCare Corp. (a) 3,227 341,417 
Amedisys, Inc. (a) 7,370 1,988,795 
AmerisourceBergen Corp. 33,470 4,043,176 
AMN Healthcare Services, Inc. (a) 10,449 828,606 
Anthem, Inc. 55,245 20,959,401 
Apollo Medical Holdings, Inc. (a)(b) 2,764 82,063 
Brookdale Senior Living, Inc. (a) 39,439 257,931 
Cardinal Health, Inc. 66,122 3,989,801 
Castle Biosciences, Inc. (a) 4,233 292,204 
Centene Corp. (a) 131,516 8,119,823 
Chemed Corp. 3,653 1,741,056 
Cigna Corp. 79,379 19,766,165 
Community Health Systems, Inc. (a) 27,093 302,087 
Corvel Corp. (a) 1,946 227,701 
Covetrus, Inc. (a) 21,930 628,295 
Cross Country Healthcare, Inc. (a) 8,105 107,959 
CVS Health Corp. 295,783 22,597,821 
DaVita HealthCare Partners, Inc. (a) 16,154 1,882,426 
Encompass Health Corp. 22,342 1,895,942 
Fulgent Genetics, Inc. (a)(b) 3,849 296,450 
Guardant Health, Inc. (a) 19,162 3,046,375 
Hanger, Inc. (a) 8,656 215,794 
HCA Holdings, Inc. 59,821 12,027,610 
HealthEquity, Inc. (a) 18,711 1,421,475 
Henry Schein, Inc. (a) 32,087 2,326,308 
Humana, Inc. 29,067 12,941,791 
InfuSystems Holdings, Inc. (a) 3,817 86,341 
Laboratory Corp. of America Holdings (a) 22,046 5,861,370 
LHC Group, Inc. (a) 7,182 1,495,795 
Magellan Health Services, Inc. (a) 5,048 475,522 
McKesson Corp. 36,035 6,758,725 
MEDNAX, Inc. (a) 19,075 502,054 
Modivcare, Inc. (a) 2,826 395,866 
Molina Healthcare, Inc. (a) 13,056 3,330,586 
National Healthcare Corp. 2,623 184,423 
National Research Corp. Class A 2,787 142,973 
Ontrak, Inc. (a)(b) 1,526 49,809 
Option Care Health, Inc. (a) 19,009 362,692 
Owens & Minor, Inc. 16,667 601,512 
Patterson Companies, Inc. 19,480 626,087 
Pennant Group, Inc. (a) 6,042 244,218 
PetIQ, Inc. Class A (a)(b) 5,274 224,672 
Premier, Inc. 15,721 555,737 
Progyny, Inc. (a) 8,291 471,841 
Quest Diagnostics, Inc. 30,227 3,986,337 
R1 RCM, Inc. (a) 27,928 761,876 
RadNet, Inc. (a) 9,588 214,196 
Select Medical Holdings Corp. 24,848 937,267 
Surgery Partners, Inc. (a) 6,373 307,179 
Tenet Healthcare Corp. (a) 23,737 1,406,655 
The Ensign Group, Inc. 11,741 1,007,965 
The Joint Corp. (a) 3,197 177,370 
Tivity Health, Inc. (a) 8,008 193,633 
Triple-S Management Corp. (a) 4,856 115,136 
U.S. Physical Therapy, Inc. 2,979 334,989 
UnitedHealth Group, Inc. 213,126 84,994,649 
Universal Health Services, Inc. Class B 17,566 2,606,970 
  244,375,404 
Health Care Technology - 0.3%   
Allscripts Healthcare Solutions, Inc. (a) 32,644 507,941 
Cerner Corp. 69,275 5,199,089 
Change Healthcare, Inc. (a) 51,265 1,176,532 
Computer Programs & Systems, Inc. 2,468 74,089 
Evolent Health, Inc. (a)(b) 19,273 417,453 
Health Catalyst, Inc. (a)(b) 7,670 444,093 
HealthStream, Inc. (a) 5,139 124,158 
iCAD, Inc. (a) 5,426 97,885 
Inovalon Holdings, Inc. Class A (a) 17,352 524,204 
Inspire Medical Systems, Inc. (a) 6,138 1,453,601 
NantHealth, Inc. (a)(b) 8,096 20,564 
Nextgen Healthcare, Inc. (a) 12,402 227,081 
Omnicell, Inc. (a) 9,587 1,390,307 
OptimizeRx Corp. (a)(b) 2,994 151,077 
Phreesia, Inc. (a) 8,469 438,271 
Schrodinger, Inc. (a)(b) 8,149 621,280 
Simulations Plus, Inc. (b) 3,264 206,089 
Tabula Rasa HealthCare, Inc. (a)(b) 5,019 238,704 
Teladoc Health, Inc. (a)(b) 29,428 5,071,916 
Veeva Systems, Inc. Class A (a) 30,917 8,732,507 
Vocera Communications, Inc. (a) 7,335 265,307 
  27,382,148 
Life Sciences Tools & Services - 1.2%   
10X Genomics, Inc. (a) 16,477 3,259,151 
Adaptive Biotechnologies Corp. (a) 19,095 794,352 
Agilent Technologies, Inc. 68,816 9,196,570 
Avantor, Inc. (a) 116,279 3,725,579 
Bio-Rad Laboratories, Inc. Class A (a) 4,846 3,053,610 
Bio-Techne Corp. 8,760 3,744,812 
Bruker Corp. 23,154 1,586,512 
Charles River Laboratories International, Inc. (a) 11,206 3,725,435 
ChromaDex, Inc. (a) 9,501 84,369 
Codexis, Inc. (a)(b) 13,187 305,675 
Fluidigm Corp. (a)(b) 14,196 71,122 
Frontage Holdings Corp. (a)(d) 150,000 102,153 
Illumina, Inc. (a) 32,966 12,950,363 
IQVIA Holdings, Inc. (a) 43,076 10,109,506 
Luminex Corp. 9,952 365,139 
Medpace Holdings, Inc. (a) 6,132 1,040,478 
Mettler-Toledo International, Inc. (a) 5,292 6,950,089 
Nanostring Technologies, Inc. (a) 9,991 795,983 
NeoGenomics, Inc. (a) 27,067 1,326,012 
Pacific Biosciences of California, Inc. (a) 43,161 1,288,356 
PerkinElmer, Inc. 25,327 3,283,139 
Personalis, Inc. (a) 5,897 145,302 
PPD, Inc. (a) 24,443 1,129,267 
PRA Health Sciences, Inc. (a) 14,486 2,417,569 
Quanterix Corp. (a) 5,990 366,229 
Syneos Health, Inc. (a) 18,661 1,583,386 
Thermo Fisher Scientific, Inc. 88,830 41,770,531 
Waters Corp. (a) 14,065 4,217,672 
  119,388,361 
Pharmaceuticals - 3.1%   
AcelRx Pharmaceuticals, Inc. (a) 18,538 24,099 
Aerie Pharmaceuticals, Inc. (a)(b) 10,898 186,683 
Agile Therapeutics, Inc. (a) 14,594 26,999 
Amneal Pharmaceuticals, Inc. (a) 24,326 134,036 
Amphastar Pharmaceuticals, Inc. (a) 8,102 140,975 
Ampio Pharmaceuticals, Inc. (a)(b) 42,328 78,307 
ANI Pharmaceuticals, Inc. (a)(b) 1,727 57,475 
Aquestive Therapeutics, Inc. (a)(b) 4,628 18,836 
Arvinas Holding Co. LLC (a) 7,259 500,435 
Axsome Therapeutics, Inc. (a)(b) 6,013 363,546 
Aytu BioScience, Inc. (a) 3,105 20,555 
Biodelivery Sciences International, Inc. (a) 21,487 74,345 
Bristol-Myers Squibb Co. 505,257 31,538,142 
Cara Therapeutics, Inc. (a) 9,209 119,257 
Catalent, Inc. (a) 38,357 4,314,012 
Cerecor, Inc. (a) 14,397 45,207 
Chiasma, Inc. (a) 9,390 27,982 
Collegium Pharmaceutical, Inc. (a) 7,981 177,976 
Corcept Therapeutics, Inc. (a) 23,208 528,910 
CorMedix, Inc. (a)(b) 6,812 58,856 
CymaBay Therapeutics, Inc. (a)(b) 13,326 57,702 
Durect Corp. (a)(b) 44,901 85,312 
Elanco Animal Health, Inc. (a) 107,403 3,405,749 
Eli Lilly & Co. 179,485 32,804,473 
Endo International PLC (a) 53,408 306,028 
Evofem Biosciences, Inc. (a)(b) 15,813 23,403 
Evolus, Inc. (a) 5,386 49,066 
Fulcrum Therapeutics, Inc. (a) 5,620 63,225 
Horizon Therapeutics PLC (a) 50,762 4,803,100 
Innoviva, Inc. (a)(b) 13,894 159,086 
Intra-Cellular Therapies, Inc. (a)(b) 17,177 591,404 
Jazz Pharmaceuticals PLC (a) 12,783 2,101,525 
Johnson & Johnson 592,731 96,455,116 
Kala Pharmaceuticals, Inc. (a)(b) 8,813 68,124 
Lannett Co., Inc. (a) 8,822 38,552 
Liquidia Technologies, Inc. (a) 6,361 18,065 
Marinus Pharmaceuticals, Inc. (a)(b) 8,111 119,313 
Merck & Co., Inc. 570,607 42,510,222 
Nektar Therapeutics (a)(b) 40,611 796,382 
NGM Biopharmaceuticals, Inc. (a) 5,959 163,873 
Ocular Therapeutix, Inc. (a) 17,232 316,724 
Odonate Therapeutics, Inc. (a) 4,761 15,949 
Omeros Corp. (a)(b) 13,016 229,863 
Onconova Therapeutics, Inc. (a) 57,836 41,613 
OptiNose, Inc. (a)(b) 7,197 25,693 
Pacira Biosciences, Inc. (a) 9,861 623,018 
Paratek Pharmaceuticals, Inc. (a)(b) 7,467 57,123 
Perrigo Co. PLC 30,373 1,264,428 
Pfizer, Inc. 1,257,741 48,611,690 
Phathom Pharmaceuticals, Inc. (a) 3,356 129,273 
Phibro Animal Health Corp. Class A 4,642 113,822 
Pliant Therapeutics, Inc. (b) 1,800 60,300 
Prestige Brands Holdings, Inc. (a) 11,718 510,436 
Provention Bio, Inc. (a)(b) 10,824 77,825 
Reata Pharmaceuticals, Inc. (a)(b) 5,853 593,494 
Relmada Therapeutics, Inc. (a)(b) 2,617 100,912 
Revance Therapeutics, Inc. (a)(b) 15,286 445,128 
Royalty Pharma PLC 18,974 834,856 
SIGA Technologies, Inc. (a) 9,940 71,270 
Strongbridge Biopharma PLC (a) 8,992 22,840 
Supernus Pharmaceuticals, Inc. (a) 12,104 368,567 
TherapeuticsMD, Inc. (a)(b) 85,018 102,872 
Theravance Biopharma, Inc. (a) 10,636 209,955 
Tricida, Inc. (a)(b) 5,946 27,649 
Viatris, Inc. (a) 272,241 3,620,805 
Vyne Therapeutics, Inc. (a)(b) 13,159 65,005 
WAVE Life Sciences (a) 7,463 45,897 
Xeris Pharmaceuticals, Inc. (a)(b) 9,064 34,715 
Zoetis, Inc. Class A 107,310 18,567,849 
Zogenix, Inc. (a) 11,788 222,675 
Zynerba Pharmaceuticals, Inc. (a)(b) 6,363 28,061 
  300,496,660 
TOTAL HEALTH CARE  1,275,052,525 
INDUSTRIALS - 9.6%   
Aerospace & Defense - 1.5%   
AAR Corp. 7,051 283,732 
Aerojet Rocketdyne Holdings, Inc. 15,961 745,698 
AeroVironment, Inc. (a) 5,015 553,506 
Astronics Corp. (a) 5,161 89,853 
Axon Enterprise, Inc. (a) 14,510 2,199,861 
BWX Technologies, Inc. 22,007 1,472,708 
Cubic Corp. 7,078 529,718 
Curtiss-Wright Corp. 9,573 1,224,387 
Ducommun, Inc. (a) 2,310 136,128 
General Dynamics Corp. 52,265 9,942,371 
HEICO Corp. 9,306 1,310,285 
HEICO Corp. Class A 16,771 2,117,842 
Hexcel Corp. (a)(b) 18,840 1,062,764 
Howmet Aerospace, Inc. (a) 88,185 2,818,393 
Huntington Ingalls Industries, Inc. 9,149 1,942,516 
Kaman Corp. 6,076 324,155 
Kratos Defense & Security Solutions, Inc. (a) 27,588 737,703 
L3Harris Technologies, Inc. 46,393 9,706,807 
Lockheed Martin Corp. 55,546 21,138,586 
Maxar Technologies, Inc. 15,899 617,040 
Mercury Systems, Inc. (a) 12,686 954,495 
Moog, Inc. Class A 7,112 615,544 
National Presto Industries, Inc. 1,066 109,670 
Northrop Grumman Corp. 34,947 12,386,615 
PAE, Inc. (a) 14,039 125,930 
Park Aerospace Corp. 4,440 59,896 
Parsons Corp. (a) 4,890 216,774 
Raytheon Technologies Corp. 342,649 28,522,103 
Spirit AeroSystems Holdings, Inc. Class A 24,077 1,100,078 
Teledyne Technologies, Inc. (a) 8,322 3,726,176 
Textron, Inc. 51,026 3,277,910 
The Boeing Co. (a) 123,869 29,023,745 
TransDigm Group, Inc. (a) 12,360 7,585,826 
Triumph Group, Inc. (a) 11,807 199,774 
Vectrus, Inc. (a) 2,279 119,306 
Virgin Galactic Holdings, Inc. (a)(b) 29,322 649,482 
  147,627,377 
Air Freight & Logistics - 0.6%   
Air Transport Services Group, Inc. (a) 13,807 363,400 
Atlas Air Worldwide Holdings, Inc. (a) 6,303 428,037 
C.H. Robinson Worldwide, Inc. 30,093 2,921,428 
Echo Global Logistics, Inc. (a) 5,965 195,056 
Expeditors International of Washington, Inc. 38,340 4,212,032 
FedEx Corp. 55,020 15,972,856 
Forward Air Corp. 6,379 563,202 
Hub Group, Inc. Class A (a) 7,903 519,385 
United Parcel Service, Inc. Class B 162,151 33,056,103 
XPO Logistics, Inc. (a) 23,004 3,200,316 
  61,431,815 
Airlines - 0.3%   
Alaska Air Group, Inc. (a) 27,808 1,922,645 
Allegiant Travel Co. (a) 2,930 690,689 
American Airlines Group, Inc. (a)(b) 143,728 3,121,772 
Delta Air Lines, Inc. (a) 144,886 6,798,051 
Hawaiian Holdings, Inc. (a) 11,123 279,299 
JetBlue Airways Corp. (a) 70,625 1,437,925 
Mesa Air Group, Inc. (a) 6,720 75,667 
SkyWest, Inc. 11,703 581,171 
Southwest Airlines Co. (a) 133,627 8,389,103 
Spirit Airlines, Inc. (a) 21,769 779,766 
United Airlines Holdings, Inc. (a) 71,627 3,896,509 
  27,972,597 
Building Products - 0.6%   
A.O. Smith Corp. 30,430 2,061,633 
AAON, Inc. 9,260 605,697 
Advanced Drain Systems, Inc. 11,079 1,237,081 
Allegion PLC 20,372 2,737,589 
Alpha PRO Tech Ltd. (a)(b) 2,269 20,330 
American Woodmark Corp. (a) 3,675 365,516 
Apogee Enterprises, Inc. 5,568 195,604 
Armstrong World Industries, Inc. 10,741 1,113,305 
Builders FirstSource, Inc. (a) 46,597 2,267,876 
Carrier Global Corp. 184,409 8,036,544 
Cornerstone Building Brands, Inc. (a) 9,335 131,250 
CSW Industrials, Inc. 2,994 405,418 
Fortune Brands Home & Security, Inc. 31,494 3,306,240 
Gibraltar Industries, Inc. (a) 7,248 665,801 
Griffon Corp. 10,391 281,804 
Insteel Industries, Inc. 4,507 171,852 
Jeld-Wen Holding, Inc. (a) 16,568 483,289 
Johnson Controls International PLC 162,353 10,121,086 
Lennox International, Inc. 7,704 2,583,459 
Masco Corp. 58,314 3,725,098 
Masonite International Corp. (a) 5,498 694,342 
Owens Corning 23,709 2,295,268 
PGT Innovations, Inc. (a) 13,430 353,612 
Quanex Building Products Corp. 8,827 240,889 
Resideo Technologies, Inc. (a) 32,488 974,965 
Simpson Manufacturing Co. Ltd. 9,703 1,093,528 
The AZEK Co., Inc. 27,972 1,350,488 
Trane Technologies PLC 53,785 9,349,447 
Trex Co., Inc. (a) 26,093 2,817,783 
UFP Industries, Inc. 13,824 1,161,769 
  60,848,563 
Commercial Services & Supplies - 0.5%   
ABM Industries, Inc. 14,986 770,430 
ACCO Brands Corp. 21,105 181,081 
ADT, Inc. (b) 34,319 315,735 
Brady Corp. Class A 11,283 615,713 
BrightView Holdings, Inc. (a) 6,575 117,890 
Casella Waste Systems, Inc. Class A (a)(b) 10,983 737,069 
Cimpress PLC (a) 4,485 427,241 
Cintas Corp. 19,972 6,893,136 
Clean Harbors, Inc. (a) 11,293 1,004,625 
Copart, Inc. (a) 47,084 5,862,429 
CoreCivic, Inc. 26,307 204,405 
Covanta Holding Corp. 27,289 410,427 
Deluxe Corp. 9,536 419,775 
Ennis, Inc. 7,173 148,696 
Harsco Corp. (a) 17,889 320,750 
Healthcare Services Group, Inc. 17,192 514,900 
Herman Miller, Inc. 13,297 551,826 
HNI Corp. 9,381 397,192 
IAA Spinco, Inc. (a) 30,343 1,905,844 
Interface, Inc. 13,576 174,316 
KAR Auction Services, Inc. 28,913 433,406 
Kimball International, Inc. Class B 8,354 121,801 
Knoll, Inc. 9,876 236,036 
Matthews International Corp. Class A 6,789 280,929 
Montrose Environmental Group, Inc. (a) 3,070 166,425 
MSA Safety, Inc. 8,118 1,305,050 
Pitney Bowes, Inc. 38,837 290,112 
R.R. Donnelley & Sons Co. (a) 16,176 70,042 
Republic Services, Inc. 47,327 5,030,860 
Rollins, Inc. 49,898 1,860,197 
SP Plus Corp. (a) 5,619 192,900 
Steelcase, Inc. Class A 20,020 276,276 
Stericycle, Inc. (a) 20,327 1,550,544 
Team, Inc. (a) 6,445 63,612 
Tetra Tech, Inc. 12,314 1,571,636 
The Brink's Co. 11,378 909,330 
U.S. Ecology, Inc. (a) 6,692 284,142 
UniFirst Corp. 3,390 760,004 
Viad Corp. 4,358 181,554 
Waste Management, Inc. 87,593 12,085,206 
  49,643,542 
Construction & Engineering - 0.2%   
AECOM (a) 33,323 2,213,647 
Aegion Corp. (a) 7,149 215,185 
Ameresco, Inc. Class A (a) 4,851 256,084 
API Group Corp. (a)(d) 33,998 722,797 
Arcosa, Inc. 11,085 668,315 
Argan, Inc. 3,227 161,834 
Comfort Systems U.S.A., Inc. 8,142 670,575 
Construction Partners, Inc. Class A (a) 8,053 255,522 
Dycom Industries, Inc. (a) 6,930 650,103 
EMCOR Group, Inc. 12,434 1,489,593 
Fluor Corp. (b) 27,866 640,361 
Granite Construction, Inc. 10,404 396,392 
Great Lakes Dredge & Dock Corp. (a) 13,929 218,685 
HC2 Holdings, Inc. (a) 10,732 45,074 
IES Holdings, Inc. (a) 4,637 244,787 
MasTec, Inc. (a) 12,645 1,319,632 
Matrix Service Co. (a) 6,450 85,205 
MYR Group, Inc. (a) 3,768 293,527 
NV5 Global, Inc. (a)(b) 2,343 211,175 
Primoris Services Corp. 10,881 355,373 
Quanta Services, Inc. 31,224 3,017,487 
Sterling Construction Co., Inc. (a) 5,972 124,516 
Tutor Perini Corp. (a) 9,020 145,222 
Valmont Industries, Inc. 4,731 1,167,847 
Willscot Mobile Mini Holdings (a) 42,572 1,246,082 
  16,815,020 
Electrical Equipment - 0.7%   
Acuity Brands, Inc. 8,080 1,499,002 
American Superconductor Corp. (a)(b) 5,280 86,962 
AMETEK, Inc. 51,990 7,015,011 
Atkore, Inc. (a) 10,335 809,024 
AZZ, Inc. 5,519 290,520 
Bloom Energy Corp. Class A (a)(b) 27,227 707,085 
Eaton Corp. PLC 89,722 12,823,965 
Emerson Electric Co. 135,278 12,241,306 
Encore Wire Corp. 5,358 400,135 
Energous Corp. (a)(b) 7,441 23,216 
EnerSys 9,709 889,150 
FuelCell Energy, Inc. (a)(b) 72,164 700,712 
Generac Holdings, Inc. (a) 14,253 4,617,259 
GrafTech International Ltd. 31,376 399,103 
Hubbell, Inc. Class B 12,274 2,356,731 
nVent Electric PLC 37,677 1,147,265 
Orion Energy Systems, Inc. (a) 4,328 26,055 
Plug Power, Inc. (a) 113,683 3,241,102 
Powell Industries, Inc. 1,561 55,010 
Regal Beloit Corp. 9,277 1,339,877 
Rockwell Automation, Inc. 26,159 6,912,777 
Sensata Technologies, Inc. PLC (a) 35,374 2,042,495 
Sunrun, Inc. (a) 36,148 1,771,252 
Thermon Group Holdings, Inc. (a) 6,981 133,337 
TPI Composites, Inc. (a) 7,311 388,580 
Vertiv Holdings Co. 55,291 1,255,106 
Vicor Corp. (a) 5,036 464,470 
  63,636,507 
Industrial Conglomerates - 1.0%   
3M Co. 130,502 25,727,164 
Carlisle Companies, Inc. 12,129 2,324,523 
General Electric Co. 1,978,727 25,960,898 
Honeywell International, Inc. 156,648 34,938,770 
Raven Industries, Inc. 8,243 334,831 
Roper Technologies, Inc. 23,664 10,564,556 
  99,850,742 
Machinery - 2.0%   
AGCO Corp. 13,871 2,024,056 
Alamo Group, Inc. 2,293 360,574 
Albany International Corp. Class A 7,030 627,357 
Allison Transmission Holdings, Inc. 24,890 1,032,188 
Altra Industrial Motion Corp. 13,559 800,117 
Astec Industries, Inc. 5,028 377,150 
Barnes Group, Inc. 10,729 535,592 
Blue Bird Corp. (a) 3,234 87,124 
Caterpillar, Inc. 122,920 28,039,281 
Chart Industries, Inc. (a) 8,026 1,289,216 
CIRCOR International, Inc. (a) 4,355 149,681 
Colfax Corp. (a)(b) 25,705 1,161,609 
Columbus McKinnon Corp. (NY Shares) 5,299 262,353 
Crane Co. 11,312 1,064,007 
Cummins, Inc. 33,440 8,428,218 
Deere & Co. 70,647 26,199,440 
Donaldson Co., Inc. 28,692 1,804,153 
Douglas Dynamics, Inc. 4,973 222,442 
Dover Corp. 32,345 4,825,551 
Energy Recovery, Inc. (a) 8,921 189,125 
Enerpac Tool Group Corp. Class A 13,598 361,707 
EnPro Industries, Inc. 4,526 387,652 
ESCO Technologies, Inc. 5,953 647,448 
Evoqua Water Technologies Corp. (a) 26,482 756,856 
ExOne Co. (a) 3,579 83,212 
Federal Signal Corp. 13,734 569,000 
Flowserve Corp. 29,696 1,177,149 
Fortive Corp. 76,405 5,411,002 
Franklin Electric Co., Inc. 8,967 728,748 
Gorman-Rupp Co. 4,377 151,094 
Graco, Inc. 38,150 2,929,920 
Helios Technologies, Inc. 7,149 516,730 
Hillenbrand, Inc. 17,142 841,501 
Hyster-Yale Materials Handling Class A 2,174 175,768 
IDEX Corp. 17,095 3,832,699 
Illinois Tool Works, Inc. 64,774 14,927,816 
Ingersoll Rand, Inc. (a) 83,750 4,138,088 
ITT, Inc. 19,421 1,831,595 
John Bean Technologies Corp. 7,221 1,049,789 
Kadant, Inc. 2,613 465,192 
Kennametal, Inc. 18,623 747,900 
Lincoln Electric Holdings, Inc. 13,480 1,726,114 
Lindsay Corp. 2,440 404,503 
Lydall, Inc. (a) 3,889 143,310 
Manitowoc Co., Inc. (a) 7,844 179,471 
Meritor, Inc. (a) 16,610 448,968 
Middleby Corp. (a) 12,493 2,265,231 
Miller Industries, Inc. 3,392 145,924 
Mueller Industries, Inc. 12,977 582,278 
Mueller Water Products, Inc. Class A 36,159 519,243 
Navistar International Corp. (a) 11,075 490,069 
Nikola Corp. (a)(b) 30,731 355,558 
NN, Inc. (a) 12,576 91,805 
Nordson Corp. 12,101 2,558,272 
Omega Flex, Inc. 647 102,873 
Oshkosh Corp. 15,304 1,904,277 
Otis Worldwide Corp. 91,925 7,158,200 
PACCAR, Inc. 78,407 7,047,221 
Parker Hannifin Corp. 29,091 9,129,047 
Pentair PLC 37,247 2,402,804 
Proto Labs, Inc. (a)(b) 6,123 686,143 
RBC Bearings, Inc. (a) 5,604 1,117,606 
REV Group, Inc. 6,566 119,764 
Rexnord Corp. 26,864 1,341,320 
Snap-On, Inc. 12,297 2,921,767 
SPX Corp. (a) 10,604 643,239 
SPX Flow, Inc. 9,824 654,180 
Standex International Corp. 2,656 251,842 
Stanley Black & Decker, Inc. 36,269 7,499,341 
Tennant Co. 3,878 306,013 
Terex Corp. 15,870 745,731 
The Greenbrier Companies, Inc. (b) 7,735 365,401 
The Shyft Group, Inc. 6,880 243,690 
Timken Co. 15,228 1,277,172 
Toro Co. 24,123 2,764,496 
TriMas Corp. (a) 9,091 289,457 
Trinity Industries, Inc. 18,362 507,526 
Wabash National Corp. 11,115 195,735 
Watts Water Technologies, Inc. Class A 6,010 748,546 
Welbilt, Inc. (a) 29,630 661,934 
Westinghouse Air Brake Co. 39,920 3,276,234 
Woodward, Inc. 13,138 1,642,381 
Xylem, Inc. 40,574 4,489,513 
  191,614,299 
Marine - 0.0%   
Genco Shipping & Trading Ltd. 6,418 98,452 
Kirby Corp. (a) 13,272 845,426 
Matson, Inc. 9,601 627,233 
  1,571,111 
Professional Services - 0.7%   
Acacia Research Corp. (a) 9,052 55,036 
ASGN, Inc. (a) 11,847 1,246,067 
Barrett Business Services, Inc. 1,658 121,581 
Booz Allen Hamilton Holding Corp. Class A 30,944 2,566,805 
CACI International, Inc. Class A (a) 5,653 1,440,724 
CBIZ, Inc. (a) 11,520 386,957 
CoreLogic, Inc. 16,365 1,304,291 
CoStar Group, Inc. (a) 8,916 7,618,098 
CRA International, Inc. 1,695 136,041 
Dun & Bradstreet Holdings, Inc. (a)(b) 30,307 720,094 
Equifax, Inc. 27,511 6,306,347 
Exponent, Inc. 11,908 1,147,098 
Forrester Research, Inc. (a)(b) 2,276 98,892 
Franklin Covey Co. (a) 1,887 57,629 
FTI Consulting, Inc. (a) 7,746 1,075,532 
Heidrick & Struggles International, Inc. 4,128 174,614 
Huron Consulting Group, Inc. (a) 5,097 286,757 
ICF International, Inc. 3,817 347,576 
IHS Markit Ltd. 83,998 9,036,505 
Insperity, Inc. 7,971 697,781 
Jacobs Engineering Group, Inc. 29,244 3,907,291 
KBR, Inc. 31,744 1,255,793 
Kelly Services, Inc. Class A (non-vtg.) (a) 8,563 214,503 
Kforce, Inc. 4,373 245,063 
Korn Ferry 12,261 832,399 
Leidos Holdings, Inc. 30,062 3,044,679 
Manpower, Inc. 12,504 1,511,609 
ManTech International Corp. Class A 6,209 529,938 
Nielsen Holdings PLC 81,513 2,090,808 
Resources Connection, Inc. 8,286 116,915 
Robert Half International, Inc. 25,388 2,224,243 
Science Applications International Corp. 13,253 1,185,083 
TransUnion Holding Co., Inc. 43,188 4,517,033 
TriNet Group, Inc. (a) 9,072 714,057 
TrueBlue, Inc. (a) 7,567 214,146 
Upwork, Inc. (a) 20,651 951,185 
Verisk Analytics, Inc. 36,766 6,919,361 
Willdan Group, Inc. (a) 2,461 93,936 
  65,392,467 
Road & Rail - 1.2%   
AMERCO 2,017 1,203,403 
ArcBest Corp. 6,036 439,179 
Avis Budget Group, Inc. (a) 11,502 1,030,694 
Covenant Transport Group, Inc. Class A (a) 1,961 42,181 
CSX Corp. 171,724 17,301,193 
Daseke, Inc. (a) 15,364 116,613 
Heartland Express, Inc. 10,227 190,120 
J.B. Hunt Transport Services, Inc. 18,852 3,218,225 
Kansas City Southern 20,500 5,990,305 
Knight-Swift Transportation Holdings, Inc. Class A 27,820 1,310,878 
Landstar System, Inc. 8,832 1,521,577 
Lyft, Inc. (a) 57,691 3,211,081 
Marten Transport Ltd. 12,283 205,372 
Norfolk Southern Corp. 56,732 15,841,844 
Old Dominion Freight Lines, Inc. 21,664 5,585,196 
Ryder System, Inc. 12,170 971,653 
Saia, Inc. (a) 6,084 1,426,698 
Schneider National, Inc. Class B 7,759 188,001 
U.S. Xpress Enterprises, Inc. (a) 3,204 32,809 
Uber Technologies, Inc. (a) 331,319 18,146,342 
Union Pacific Corp. 150,912 33,516,046 
Werner Enterprises, Inc. 13,323 615,922 
Yellow Corp. (a)(b) 9,861 90,425 
  112,195,757 
Trading Companies & Distributors - 0.3%   
Air Lease Corp. Class A 24,033 1,122,581 
Applied Industrial Technologies, Inc. 8,725 834,634 
Beacon Roofing Supply, Inc. (a) 12,098 681,480 
BlueLinx Corp. (a) 2,071 104,523 
Boise Cascade Co. 8,985 599,479 
CAI International, Inc. 3,514 149,521 
DXP Enterprises, Inc. (a) 3,500 102,445 
Fastenal Co. 129,901 6,791,224 
GATX Corp. (b) 7,768 759,011 
GMS, Inc. (a) 9,902 432,816 
H&E Equipment Services, Inc. 6,683 259,969 
Herc Holdings, Inc. (a) 5,568 587,981 
McGrath RentCorp. 5,341 437,855 
MRC Global, Inc. (a) 12,790 120,482 
MSC Industrial Direct Co., Inc. Class A 11,087 999,604 
NOW, Inc. (a) 24,008 235,759 
Rush Enterprises, Inc. Class A 9,563 472,030 
SiteOne Landscape Supply, Inc. (a) 9,937 1,782,499 
Systemax, Inc. 3,402 145,333 
Textainer Group Holdings Ltd. (a) 9,357 239,726 
Titan Machinery, Inc. (a) 4,747 123,944 
Triton International Ltd. 15,406 772,919 
United Rentals, Inc. (a) 16,333 5,225,743 
Univar, Inc. (a) 37,637 878,824 
Veritiv Corp. (a) 2,688 112,573 
W.W. Grainger, Inc. 9,973 4,323,694 
Watsco, Inc. 7,444 2,180,050 
WESCO International, Inc. (a) 10,149 930,866 
  31,407,565 
Transportation Infrastructure - 0.0%   
Macquarie Infrastructure Co. LLC (a) 16,877 562,173 
TOTAL INDUSTRIALS  930,569,535 
INFORMATION TECHNOLOGY - 25.7%   
Communications Equipment - 0.8%   
ADTRAN, Inc. 10,927 186,742 
Applied Optoelectronics, Inc. (a)(b) 4,366 32,352 
Arista Networks, Inc. (a) 12,376 3,900,544 
CalAmp Corp. (a) 8,247 113,396 
Calix Networks, Inc. (a) 12,579 531,966 
Casa Systems, Inc. (a) 6,632 52,028 
Ciena Corp. (a) 34,859 1,759,334 
Cisco Systems, Inc. 952,280 48,480,575 
Clearfield, Inc. (a) 2,420 83,127 
CommScope Holding Co., Inc. (a) 45,287 744,971 
Comtech Telecommunications Corp. 5,391 129,276 
Digi International, Inc. (a) 6,834 122,124 
EchoStar Holding Corp. Class A (a) 11,155 272,740 
Extreme Networks, Inc. (a) 29,816 339,306 
F5 Networks, Inc. (a) 13,914 2,598,579 
Harmonic, Inc. (a) 21,010 164,298 
Infinera Corp. (a)(b) 45,216 416,892 
Inseego Corp. (a)(b) 13,454 119,472 
Juniper Networks, Inc. 74,245 1,885,081 
Lumentum Holdings, Inc. (a) 17,121 1,456,141 
Motorola Solutions, Inc. 38,179 7,189,106 
NETGEAR, Inc. (a) 6,586 245,065 
NetScout Systems, Inc. (a) 17,951 470,226 
Plantronics, Inc. (a) 8,806 352,152 
Resonant, Inc. (a) 7,916 25,885 
Ribbon Communications, Inc. (a) 25,354 171,140 
ViaSat, Inc. (a)(b) 14,640 758,206 
Viavi Solutions, Inc. (a) 50,260 822,254 
  73,422,978 
Electronic Equipment & Components - 0.8%   
Airgain, Inc. (a) 2,184 51,608 
Akoustis Technologies, Inc. (a)(b) 10,519 118,128 
Amphenol Corp. Class A 135,301 9,111,169 
Arlo Technologies, Inc. (a) 19,981 122,484 
Arrow Electronics, Inc. (a) 16,579 1,891,167 
Avnet, Inc. 22,052 968,524 
Badger Meter, Inc. 6,593 615,720 
Belden, Inc. 10,282 445,005 
Benchmark Electronics, Inc. 8,085 242,712 
CDW Corp. 31,802 5,671,251 
Cognex Corp. 40,166 3,459,096 
Coherent, Inc. (a) 5,527 1,436,965 
Corning, Inc. 173,479 7,669,507 
CTS Corp. 7,904 257,038 
Dolby Laboratories, Inc. Class A 14,665 1,488,058 
ePlus, Inc. (a) 3,249 326,070 
Fabrinet (a) 8,443 722,890 
FARO Technologies, Inc. (a) 4,054 307,476 
FLIR Systems, Inc. 29,460 1,766,716 
II-VI, Inc. (a)(b) 23,652 1,587,995 
Insight Enterprises, Inc. (a) 8,105 813,499 
Intellicheck, Inc. (a) 2,646 26,381 
IPG Photonics Corp. (a) 8,031 1,743,610 
Itron, Inc. (a) 9,966 896,342 
Jabil, Inc. 30,373 1,592,153 
Keysight Technologies, Inc. (a) 42,053 6,070,351 
Kimball Electronics, Inc. (a) 5,774 132,860 
Knowles Corp. (a) 21,266 444,459 
Littelfuse, Inc. 5,505 1,460,146 
Luna Innovations, Inc. (a) 7,230 81,988 
Methode Electronics, Inc. Class A 8,896 399,697 
MicroVision, Inc. (a)(b) 33,147 505,492 
Napco Security Technolgies, Inc. (a) 2,609 86,906 
National Instruments Corp. 29,215 1,209,793 
nLIGHT, Inc. (a)(b) 8,515 249,830 
Novanta, Inc. (a) 7,819 1,029,840 
OSI Systems, Inc. (a) 3,777 364,745 
Par Technology Corp. (a)(b) 4,565 374,969 
PC Connection, Inc. 2,114 95,870 
Plexus Corp. (a) 6,428 594,204 
Rogers Corp. (a) 4,142 811,169 
Sanmina Corp. (a) 14,978 611,702 
ScanSource, Inc. (a) 5,599 169,258 
SYNNEX Corp. 9,241 1,120,009 
TE Connectivity Ltd. 74,619 10,034,017 
Trimble, Inc. (a) 56,777 4,655,714 
TTM Technologies, Inc. (a)(b) 20,498 307,470 
Vishay Intertechnology, Inc. 30,900 759,213 
Vishay Precision Group, Inc. (a) 3,213 102,430 
Vontier Corp. (a) 38,142 1,195,370 
Wrap Technologies, Inc. (a)(b) 4,906 28,847 
Zebra Technologies Corp. Class A (a) 12,074 5,888,973 
  82,116,886 
IT Services - 5.2%   
Accenture PLC Class A 142,840 41,419,315 
Affirm Holdings, Inc. (b) 7,234 509,997 
Akamai Technologies, Inc. (a) 36,946 4,016,030 
Alliance Data Systems Corp. 11,233 1,323,809 
Amdocs Ltd. 29,438 2,259,072 
Automatic Data Processing, Inc. 96,554 18,054,632 
BigCommerce Holdings, Inc. (a)(b) 2,781 166,693 
Black Knight, Inc. (a) 35,596 2,577,862 
BM Technologies, Inc. 997 8,803 
Brightcove, Inc. (a) 8,458 122,810 
Broadridge Financial Solutions, Inc. 26,208 4,157,375 
Cardtronics PLC (a) 7,824 303,884 
Cass Information Systems, Inc. 2,493 114,404 
Cognizant Technology Solutions Corp. Class A 119,763 9,628,945 
Concentrix Corp. (a) 9,351 1,452,958 
Conduent, Inc. (a) 38,168 259,542 
CSG Systems International, Inc. 7,316 336,463 
DXC Technology Co. 57,242 1,883,834 
EPAM Systems, Inc. (a) 12,676 5,802,439 
Euronet Worldwide, Inc. (a) 11,832 1,697,064 
EVERTEC, Inc. 13,347 532,545 
EVO Payments, Inc. Class A (a) 11,479 327,266 
ExlService Holdings, Inc. (a) 7,759 716,776 
Fastly, Inc. Class A (a)(b) 19,369 1,237,098 
Fidelity National Information Services, Inc. 139,974 21,402,025 
Fiserv, Inc. (a) 129,782 15,589,414 
FleetCor Technologies, Inc. (a) 18,838 5,420,069 
Gartner, Inc. (a) 20,043 3,926,023 
Genpact Ltd. 39,970 1,899,774 
Global Payments, Inc. 66,601 14,294,573 
GoDaddy, Inc. (a) 38,128 3,310,273 
GreenSky, Inc. Class A (a) 10,193 62,075 
Grid Dynamics Holdings, Inc. (a) 4,331 62,410 
GTT Communications, Inc. (a)(b) 5,841 9,404 
Hackett Group, Inc. 6,273 104,320 
i3 Verticals, Inc. Class A (a)(b) 4,142 137,597 
IBM Corp. 201,479 28,585,841 
International Money Express, Inc. (a) 5,781 91,224 
Jack Henry & Associates, Inc. 17,118 2,787,324 
Limelight Networks, Inc. (a) 32,118 100,529 
Liveramp Holdings, Inc. (a) 15,309 749,835 
MasterCard, Inc. Class A 197,698 75,532,498 
Maximus, Inc. 13,947 1,278,103 
MoneyGram International, Inc. (a) 12,747 87,954 
MongoDB, Inc. Class A (a) 11,636 3,461,245 
Okta, Inc. (a) 27,806 7,499,278 
Paychex, Inc. 72,512 7,069,195 
PayPal Holdings, Inc. (a) 264,183 69,292,559 
Paysign, Inc. (a)(b) 4,632 17,694 
Perficient, Inc. (a) 7,187 471,539 
Perspecta, Inc. 30,461 891,593 
Rackspace Technology, Inc. (a)(b) 8,085 201,074 
Repay Holdings Corp. (a)(b) 17,295 395,191 
Sabre Corp. (b) 70,841 1,061,198 
Sezzle, Inc. unit (a) 19,989 148,288 
Shift4 Payments, Inc. 8,032 794,284 
Snowflake Computing, Inc. 13,456 3,116,275 
Square, Inc. (a) 87,962 21,534,857 
Switch, Inc. Class A 20,098 373,220 
Sykes Enterprises, Inc. (a) 9,135 400,387 
The Western Union Co. 92,285 2,377,262 
Ttec Holdings, Inc. 4,157 422,892 
Tucows, Inc. (a) 2,115 166,260 
Twilio, Inc. Class A (a) 36,139 13,291,924 
Unisys Corp. (a) 14,167 340,008 
VeriSign, Inc. (a) 22,478 4,917,512 
Verra Mobility Corp. (a) 31,223 419,637 
Visa, Inc. Class A 382,359 89,303,768 
WEX, Inc. (a) 9,959 2,043,686 
  504,351,707 
Semiconductors & Semiconductor Equipment - 4.9%   
ACM Research, Inc. (a) 2,338 184,585 
Advanced Energy Industries, Inc. 8,524 940,282 
Advanced Micro Devices, Inc. (a) 273,284 22,305,440 
Alpha & Omega Semiconductor Ltd. (a) 4,385 136,374 
Ambarella, Inc. (a) 7,850 765,297 
Amkor Technology, Inc. 23,822 481,681 
Analog Devices, Inc. 83,118 12,730,353 
Applied Materials, Inc. 207,019 27,473,491 
Atomera, Inc. (a)(b) 4,668 77,676 
Axcelis Technologies, Inc. (a) 7,591 315,254 
AXT, Inc. (a) 8,398 82,804 
Broadcom, Inc. 92,014 41,976,787 
Brooks Automation, Inc. 16,880 1,710,450 
Ceva, Inc. (a) 4,874 270,215 
Cirrus Logic, Inc. (a) 13,289 988,834 
CMC Materials, Inc. 6,665 1,222,561 
Cohu, Inc. 10,393 415,824 
Cree, Inc. (a)(b) 25,879 2,572,890 
CyberOptics Corp. (a) 1,782 58,788 
Diodes, Inc. (a) 9,502 729,849 
DSP Group, Inc. (a) 4,142 57,532 
Enphase Energy, Inc. (a) 29,182 4,063,594 
Entegris, Inc. 30,350 3,416,803 
First Solar, Inc. (a) 19,212 1,470,294 
FormFactor, Inc. (a) 17,552 687,161 
Ichor Holdings Ltd. (a) 6,602 368,194 
Impinj, Inc. (a)(b) 4,898 232,459 
Intel Corp. 916,306 52,715,084 
KLA Corp. 34,824 10,981,748 
Kopin Corp. (a) 15,917 130,838 
Kulicke & Soffa Industries, Inc. 13,802 784,644 
Lam Research Corp. 32,246 20,007,031 
Lattice Semiconductor Corp. (a) 30,687 1,543,863 
MACOM Technology Solutions Holdings, Inc. (a) 10,654 603,123 
Marvell Technology, Inc. 179,688 8,123,694 
Maxim Integrated Products, Inc. 60,484 5,685,496 
MaxLinear, Inc. Class A (a) 15,241 548,524 
Microchip Technology, Inc. 60,910 9,154,164 
Micron Technology, Inc. (a) 252,475 21,730,523 
MKS Instruments, Inc. 12,469 2,233,323 
Monolithic Power Systems, Inc. 9,650 3,487,317 
NeoPhotonics Corp. (a) 10,731 100,442 
NVE Corp. 999 76,453 
NVIDIA Corp. 139,813 83,940,929 
NXP Semiconductors NV 62,489 12,029,757 
ON Semiconductor Corp. (a) 93,556 3,648,684 
Onto Innovation, Inc. (a) 11,411 781,882 
PDF Solutions, Inc. (a) 7,788 138,081 
Photronics, Inc. (a) 13,865 176,086 
Pixelworks, Inc. (a) 8,123 23,963 
Power Integrations, Inc. 13,874 1,148,906 
Qorvo, Inc. (a) 25,474 4,793,443 
Qualcomm, Inc. 256,102 35,546,958 
Rambus, Inc. (a)(b) 23,816 452,028 
Semtech Corp. (a) 14,513 983,111 
Silicon Laboratories, Inc. (a) 9,939 1,400,902 
SiTime Corp. (a) 2,849 263,675 
Skyworks Solutions, Inc. 37,218 6,748,740 
SMART Global Holdings, Inc. (a)(b) 3,259 150,403 
SolarEdge Technologies, Inc. (a) 11,613 3,060,490 
SunPower Corp. (a)(b) 18,200 467,558 
Synaptics, Inc. (a) 7,954 1,112,526 
Teradyne, Inc. 37,752 4,722,020 
Texas Instruments, Inc. 207,313 37,422,070 
Ultra Clean Holdings, Inc. (a) 10,106 516,113 
Universal Display Corp. 9,703 2,170,464 
Veeco Instruments, Inc. (a) 11,777 270,989 
Xilinx, Inc. 55,523 7,104,723 
  472,716,240 
Software - 8.8%   
2U, Inc. (a)(b) 16,531 648,842 
8x8, Inc. (a) 24,643 810,508 
A10 Networks, Inc. (a) 13,064 113,396 
ACI Worldwide, Inc. (a) 26,418 998,072 
Adobe, Inc. (a) 108,018 54,909,870 
Agilysys, Inc. (a) 4,297 216,612 
Alarm.com Holdings, Inc. (a) 10,031 900,383 
Altair Engineering, Inc. Class A (a)(b) 10,349 672,685 
Alteryx, Inc. Class A (a) 13,103 1,071,170 
American Software, Inc. Class A 6,594 136,430 
Anaplan, Inc. (a) 32,057 1,912,200 
ANSYS, Inc. (a) 19,660 7,188,876 
AppFolio, Inc. (a)(b) 3,890 562,611 
Appian Corp. Class A (a)(b) 8,709 1,055,357 
Aspen Technology, Inc. (a) 15,378 2,012,058 
Autodesk, Inc. (a) 49,638 14,489,829 
Avalara, Inc. (a) 19,457 2,757,251 
Avaya Holdings Corp. (a) 16,889 485,897 
Benefitfocus, Inc. (a) 5,716 77,280 
Bill.Com Holdings, Inc. (a) 13,938 2,155,233 
Blackbaud, Inc. (a) 11,086 788,436 
BlackLine, Inc. (a)(b) 11,666 1,353,956 
Bottomline Technologies, Inc. (a) 8,837 429,125 
Box, Inc. Class A (a) 31,910 679,683 
Cadence Design Systems, Inc. (a) 63,151 8,321,407 
CDK Global, Inc. 27,686 1,483,693 
Cerence, Inc. (a)(b) 8,606 829,704 
Ceridian HCM Holding, Inc. (a) 29,506 2,787,727 
ChannelAdvisor Corp. (a) 6,789 143,587 
Citrix Systems, Inc. 27,673 3,427,301 
Cloudera, Inc. (a) 48,223 611,950 
Cloudflare, Inc. (a) 42,233 3,578,824 
CommVault Systems, Inc. (a) 10,797 750,499 
Cornerstone OnDemand, Inc. (a) 13,648 604,129 
Coupa Software, Inc. (a) 16,224 4,364,905 
Crowdstrike Holdings, Inc. (a) 42,503 8,862,301 
Datadog, Inc. Class A (a) 46,464 3,985,217 
Digimarc Corp. (a)(b) 3,439 115,997 
Digital Turbine, Inc. (a) 17,074 1,287,892 
DocuSign, Inc. (a) 42,138 9,394,246 
Domo, Inc. Class B (a) 6,041 388,376 
Dropbox, Inc. Class A (a) 67,556 1,736,189 
Duck Creek Technologies, Inc. (a) 7,027 292,183 
Dynatrace, Inc. (a) 41,453 2,157,214 
Ebix, Inc. 5,012 150,911 
eGain Communications Corp. (a) 3,833 37,678 
Elastic NV (a)(b) 14,206 1,713,528 
Envestnet, Inc. (a) 12,027 887,953 
Everbridge, Inc. (a) 8,194 1,087,426 
Fair Isaac Corp. (a) 6,615 3,449,127 
FireEye, Inc. (a) 53,200 1,057,350 
Five9, Inc. (a) 15,044 2,827,821 
Fortinet, Inc. (a) 30,629 6,255,361 
Guidewire Software, Inc. (a) 18,817 1,985,382 
HubSpot, Inc. (a) 9,846 5,183,427 
Intelligent Systems Corp. (a) 1,650 63,228 
InterDigital, Inc. 6,797 471,848 
Intuit, Inc. 61,769 25,458,711 
j2 Global, Inc. (a)(b) 9,625 1,164,625 
Jamf Holding Corp. (a) 6,530 238,476 
LivePerson, Inc. (a) 13,936 761,602 
Manhattan Associates, Inc. (a) 14,539 1,995,332 
Medallia, Inc. (a)(b) 18,342 540,906 
Microsoft Corp. 1,700,615 428,861,091 
MicroStrategy, Inc. Class A (a)(b) 1,721 1,130,972 
Mimecast Ltd. (a) 13,394 581,567 
Mitek Systems, Inc. (a) 9,684 156,978 
Model N, Inc. (a)(b) 6,709 266,884 
nCino, Inc. (a)(b) 3,116 203,755 
New Relic, Inc. (a) 12,302 791,019 
NortonLifeLock, Inc. 130,694 2,824,297 
Nuance Communications, Inc. (a) 64,352 3,421,596 
Nutanix, Inc. Class A (a) 42,895 1,159,881 
Onespan, Inc. (a) 7,327 196,437 
Oracle Corp. 418,160 31,692,346 
Pagerduty, Inc. (a)(b) 12,880 546,885 
Palo Alto Networks, Inc. (a) 21,930 7,749,843 
Paycom Software, Inc. (a) 11,141 4,282,712 
Paylocity Holding Corp. (a) 8,500 1,642,540 
Pegasystems, Inc. 8,911 1,131,162 
Ping Identity Holding Corp. (a)(b) 7,813 189,700 
Progress Software Corp. 9,623 420,140 
Proofpoint, Inc. (a) 12,977 2,233,471 
PROS Holdings, Inc. (a) 8,947 384,542 
PTC, Inc. (a) 23,695 3,102,623 
Q2 Holdings, Inc. (a) 11,659 1,212,769 
QAD, Inc. Class A 2,641 186,692 
Qualys, Inc. (a)(b) 7,537 763,950 
Rapid7, Inc. (a) 11,675 948,594 
RingCentral, Inc. (a) 18,074 5,764,702 
SailPoint Technologies Holding, Inc. (a) 20,440 998,085 
Salesforce.com, Inc. (a) 206,937 47,661,730 
SecureWorks Corp. (a) 830 10,798 
ServiceNow, Inc. (a) 44,245 22,404,341 
ShotSpotter, Inc. (a)(b) 1,573 54,961 
Slack Technologies, Inc. Class A (a) 112,797 4,782,593 
Smartsheet, Inc. (a) 26,112 1,548,442 
Smith Micro Software, Inc. (a) 9,703 54,531 
SolarWinds, Inc. (a)(b) 15,914 268,310 
Splunk, Inc. (a) 36,668 4,635,569 
Sprout Social, Inc. (a) 6,320 418,953 
SPS Commerce, Inc. (a) 7,957 815,115 
SS&C Technologies Holdings, Inc. 50,566 3,753,009 
SVMK, Inc. (a) 28,076 505,087 
Synchronoss Technologies, Inc. (a) 6,287 20,999 
Synopsys, Inc. (a) 34,529 8,530,735 
Tenable Holdings, Inc. (a) 15,105 566,362 
Teradata Corp. (a) 24,391 1,206,623 
The Trade Desk, Inc. (a) 9,625 7,019,609 
Tyler Technologies, Inc. (a) 9,192 3,905,313 
Upland Software, Inc. (a) 5,572 276,148 
Varonis Systems, Inc. (a) 23,355 1,236,647 
Verint Systems, Inc. (a) 14,883 722,867 
Veritone, Inc. (a)(b) 5,331 128,584 
Vertex, Inc. Class A (a) 5,259 107,441 
VirnetX Holding Corp. (b) 13,724 63,954 
VMware, Inc. Class A (a)(b) 18,207 2,928,232 
Vobile Group Ltd. (a) 45,000 196,389 
Workday, Inc. Class A (a) 41,546 10,261,862 
Workiva, Inc. (a) 9,215 866,210 
Xperi Holding Corp. 23,552 483,994 
Yext, Inc. (a) 20,632 287,816 
Zendesk, Inc. (a) 26,451 3,865,814 
Zix Corp. (a) 12,365 97,498 
Zoom Video Communications, Inc. Class A (a) 46,193 14,761,897 
Zscaler, Inc. (a) 16,845 3,160,796 
Zuora, Inc. (a) 24,527 397,337 
  857,731,592 
Technology Hardware, Storage & Peripherals - 5.2%   
3D Systems Corp. (a) 27,706 596,787 
Apple, Inc. 3,558,834 467,844,284 
Avid Technology, Inc. (a) 9,286 211,164 
Dell Technologies, Inc. (a) 53,414 5,252,199 
Diebold Nixdorf, Inc. (a) 16,851 252,934 
Eastman Kodak Co. (a)(b) 12,488 93,160 
Hewlett Packard Enterprise Co. 295,073 4,727,069 
HP, Inc. 282,595 9,639,315 
Immersion Corp. (a) 3,990 34,194 
NCR Corp. (a) 29,501 1,349,671 
NetApp, Inc. 50,119 3,743,388 
Pure Storage, Inc. Class A (a) 56,295 1,138,285 
Razer, Inc. (a)(d) 990,000 354,311 
Seagate Technology LLC 45,376 4,212,708 
Super Micro Computer, Inc. (a) 9,418 348,654 
Western Digital Corp. 69,330 4,896,778 
Xerox Holdings Corp. 37,272 899,746 
  505,594,647 
TOTAL INFORMATION TECHNOLOGY  2,495,934,050 
MATERIALS - 2.9%   
Chemicals - 1.8%   
AdvanSix, Inc. (a) 6,438 187,217 
Air Products & Chemicals, Inc. 49,908 14,397,460 
Albemarle Corp. U.S. 26,400 4,439,688 
American Vanguard Corp. 5,948 117,651 
Amyris, Inc. (a) 37,828 550,776 
Ashland Global Holdings, Inc. 12,236 1,054,866 
Avient Corp. 20,539 1,042,765 
Axalta Coating Systems Ltd. (a) 46,613 1,486,489 
Balchem Corp. 7,476 950,872 
Cabot Corp. 13,214 725,184 
Celanese Corp. Class A 25,951 4,065,224 
CF Industries Holdings, Inc. 48,093 2,338,763 
Chase Corp. 1,606 190,215 
Corteva, Inc. 167,894 8,186,511 
Dow, Inc. 168,463 10,528,938 
DuPont de Nemours, Inc. 121,558 9,373,337 
Eastman Chemical Co. 31,013 3,578,590 
Ecolab, Inc. 56,128 12,579,407 
Element Solutions, Inc. 48,511 1,061,421 
Ferro Corp. (a) 18,711 311,725 
FMC Corp. 29,225 3,455,564 
FutureFuel Corp. 5,729 72,758 
GCP Applied Technologies, Inc. (a) 10,215 262,423 
H.B. Fuller Co. 11,934 797,430 
Hawkins, Inc. 4,798 160,013 
Huntsman Corp. 44,586 1,278,281 
Ingevity Corp. (a) 9,130 712,870 
Innospec, Inc. 5,472 533,028 
International Flavors & Fragrances, Inc. 56,128 7,979,718 
Intrepid Potash, Inc. (a) 2,219 71,363 
Koppers Holdings, Inc. (a) 4,957 164,771 
Kraton Performance Polymers, Inc. (a) 6,852 245,028 
Kronos Worldwide, Inc. 3,880 65,960 
Linde PLC 117,788 33,668,522 
Livent Corp. (a)(b) 32,554 586,623 
Loop Industries, Inc. (a)(b) 4,156 35,825 
LyondellBasell Industries NV Class A 58,289 6,046,901 
Minerals Technologies, Inc. 8,092 632,309 
NewMarket Corp. 1,615 559,743 
Olin Corp. 31,841 1,370,118 
Orion Engineered Carbons SA 13,087 259,908 
PPG Industries, Inc. 53,438 9,150,723 
PQ Group Holdings, Inc. 8,542 119,588 
Quaker Chemical Corp. (b) 2,978 721,718 
Rayonier Advanced Materials, Inc. (a) 14,854 135,023 
RPM International, Inc. 29,357 2,784,218 
Sensient Technologies Corp. 9,852 810,228 
Sherwin-Williams Co. 54,567 14,944,264 
Stepan Co. 5,018 655,652 
The Chemours Co. LLC 37,312 1,126,822 
The Mosaic Co. 77,502 2,726,520 
The Scotts Miracle-Gro Co. Class A 9,220 2,131,295 
Tredegar Corp. 4,991 72,968 
Trinseo SA 8,969 555,271 
Tronox Holdings PLC 24,445 518,234 
Valvoline, Inc. 40,674 1,277,164 
W.R. Grace & Co. 14,122 970,605 
Westlake Chemical Corp. 7,900 741,731 
  175,568,279 
Construction Materials - 0.1%   
Eagle Materials, Inc. 9,437 1,303,627 
Forterra, Inc. (a) 3,739 87,717 
Martin Marietta Materials, Inc. 14,101 4,979,345 
Summit Materials, Inc. (a) 25,676 739,212 
U.S. Concrete, Inc. (a)(b) 3,579 226,944 
Vulcan Materials Co. 29,969 5,341,675 
  12,678,520 
Containers & Packaging - 0.4%   
Amcor PLC 352,401 4,140,712 
Aptargroup, Inc. 14,622 2,205,144 
Avery Dennison Corp. 18,795 4,025,325 
Ball Corp. 74,029 6,932,076 
Berry Global Group, Inc. (a) 30,311 1,928,386 
Crown Holdings, Inc. 30,281 3,324,854 
Graphic Packaging Holding Co. 59,596 1,105,506 
Greif, Inc. Class A 6,167 373,165 
International Paper Co. 89,069 5,166,002 
Myers Industries, Inc. 7,577 170,937 
O-I Glass, Inc. (a) 34,935 576,078 
Packaging Corp. of America 21,248 3,137,267 
Ranpak Holdings Corp. (A Shares) (a) 8,331 160,205 
Sealed Air Corp. 34,540 1,706,276 
Silgan Holdings, Inc. 17,186 724,734 
Sonoco Products Co. 22,259 1,457,074 
WestRock Co. 59,458 3,314,784 
  40,448,525 
Metals & Mining - 0.5%   
Alcoa Corp. (a) 41,955 1,537,231 
Allegheny Technologies, Inc. (a)(b) 28,379 660,096 
Arconic Rolled Products Corp. (a) 21,837 624,538 
Carpenter Technology Corp. 11,146 422,099 
Century Aluminum Co. (a) 11,108 173,951 
Cleveland-Cliffs, Inc. 103,292 1,844,795 
Coeur d'Alene Mines Corp. (a) 54,946 443,964 
Commercial Metals Co. 26,984 788,472 
Compass Minerals International, Inc. 7,903 536,772 
Coronado Global Resources, Inc. unit (a)(c)(d) 123,405 56,564 
Freeport-McMoRan, Inc. 329,030 12,407,721 
Gold Resource Corp. 13,060 35,131 
Haynes International, Inc. 2,872 83,977 
Hecla Mining Co. 119,836 708,231 
Kaiser Aluminum Corp. 3,679 443,209 
Materion Corp. 4,774 338,047 
McEwen Mining, Inc. (a)(b) 55,461 66,553 
Newmont Corp. 180,590 11,270,622 
Nucor Corp. 67,413 5,545,393 
Reliance Steel & Aluminum Co. 14,246 2,283,776 
Royal Gold, Inc. 14,650 1,638,749 
Ryerson Holding Corp. (a) 3,007 47,751 
Schnitzer Steel Industries, Inc. Class A 6,331 298,887 
Steel Dynamics, Inc. 45,014 2,440,659 
SunCoke Energy, Inc. 17,888 120,744 
TimkenSteel Corp. (a) 8,927 107,303 
United States Steel Corp. 59,695 1,373,582 
Warrior Metropolitan Coal, Inc. 11,427 181,118 
Worthington Industries, Inc. 7,704 502,763 
  46,982,698 
Paper & Forest Products - 0.1%   
Clearwater Paper Corp. (a)(b) 3,557 119,017 
Domtar Corp. 13,183 519,674 
Louisiana-Pacific Corp. 23,861 1,571,963 
Mercer International, Inc. (SBI) 8,843 145,821 
Neenah, Inc. 3,842 204,279 
P.H. Glatfelter Co. 10,212 150,321 
Resolute Forest Products (a) 17,474 236,248 
Schweitzer-Mauduit International, Inc. 7,424 339,054 
Verso Corp. 7,373 113,839 
  3,400,216 
TOTAL MATERIALS  279,078,238 
REAL ESTATE - 3.3%   
Equity Real Estate Investment Trusts (REITs) - 3.1%   
Acadia Realty Trust (SBI) 20,047 418,782 
Agree Realty Corp. 14,599 1,027,186 
Alexander & Baldwin, Inc. 16,769 307,376 
Alexanders, Inc. 466 129,194 
Alexandria Real Estate Equities, Inc. 28,669 5,191,956 
American Assets Trust, Inc. 11,379 398,834 
American Campus Communities, Inc. 31,757 1,435,734 
American Finance Trust, Inc. 25,645 256,706 
American Homes 4 Rent Class A 60,308 2,233,808 
American Tower Corp. 100,222 25,533,559 
Americold Realty Trust 57,747 2,332,401 
Apartment Income (REIT) Corp. 33,408 1,508,371 
Apartment Investment & Management Co. Class A 32,661 226,667 
Apple Hospitality (REIT), Inc. 47,458 752,684 
Armada Hoffler Properties, Inc. 13,096 178,498 
AvalonBay Communities, Inc. 31,421 6,032,832 
Bluerock Residential Growth (REIT), Inc. 5,687 53,913 
Boston Properties, Inc. 32,166 3,517,352 
Brandywine Realty Trust (SBI) 38,247 517,482 
Brixmor Property Group, Inc. 67,116 1,499,371 
Camden Property Trust (SBI) 21,915 2,640,319 
CareTrust (REIT), Inc. 22,160 535,829 
CatchMark Timber Trust, Inc. 10,705 124,499 
Centerspace 2,890 203,427 
Chatham Lodging Trust (a) 10,453 144,983 
City Office REIT, Inc. 9,520 104,054 
Colony Capital, Inc. 110,503 773,521 
Columbia Property Trust, Inc. 25,579 460,678 
Community Healthcare Trust, Inc. 5,104 259,896 
CorEnergy Infrastructure Trust, Inc. 2,534 15,356 
CoreSite Realty Corp. 9,576 1,163,388 
Corporate Office Properties Trust (SBI) 25,457 713,814 
Cousins Properties, Inc. 33,949 1,244,910 
Crown Castle International Corp. 97,289 18,393,458 
CTO Realty Growth, Inc. 1,106 58,618 
CubeSmart 44,852 1,899,034 
CyrusOne, Inc. 27,596 2,009,817 
DiamondRock Hospitality Co. (a) 47,128 491,074 
Digital Realty Trust, Inc. 63,519 9,801,617 
Diversified Healthcare Trust (SBI) 51,658 228,070 
Douglas Emmett, Inc. 37,168 1,246,615 
Duke Realty Corp. 84,572 3,934,289 
Easterly Government Properties, Inc. 20,254 434,043 
EastGroup Properties, Inc. 8,886 1,409,853 
Empire State Realty Trust, Inc. 31,210 355,482 
EPR Properties 16,619 792,892 
Equinix, Inc. 20,169 14,537,008 
Equity Commonwealth 26,959 776,419 
Equity Lifestyle Properties, Inc. 38,450 2,668,430 
Equity Residential (SBI) 77,177 5,728,849 
Essential Properties Realty Trust, Inc. 25,204 660,093 
Essex Property Trust, Inc. 14,788 4,296,210 
Extra Space Storage, Inc. 29,852 4,438,694 
Farmland Partners, Inc. 6,178 82,353 
Federal Realty Investment Trust (SBI) 15,926 1,797,090 
First Industrial Realty Trust, Inc. 28,926 1,439,647 
Four Corners Property Trust, Inc. 18,082 522,027 
Franklin Street Properties Corp. 22,117 116,778 
Gaming & Leisure Properties 49,190 2,286,843 
Getty Realty Corp. 8,929 281,978 
Gladstone Commercial Corp. 8,480 178,419 
Gladstone Land Corp. 5,257 110,344 
Global Medical REIT, Inc. 12,691 182,243 
Global Net Lease, Inc. 19,239 369,389 
Healthcare Realty Trust, Inc. 32,216 1,036,067 
Healthcare Trust of America, Inc. 50,663 1,487,972 
Healthpeak Properties, Inc. 121,342 4,166,884 
Hersha Hospitality Trust 8,269 95,590 
Highwoods Properties, Inc. (SBI) 23,372 1,046,832 
Host Hotels & Resorts, Inc. 159,187 2,890,836 
Hudson Pacific Properties, Inc. 34,846 979,521 
Independence Realty Trust, Inc. 25,398 427,702 
Industrial Logistics Properties Trust 14,524 360,195 
Invitation Homes, Inc. 127,679 4,476,426 
Iron Mountain, Inc. 64,827 2,600,859 
iStar Financial, Inc. 15,732 291,199 
JBG SMITH Properties 24,887 811,565 
Kilroy Realty Corp. 23,913 1,638,997 
Kimco Realty Corp. 97,417 2,045,757 
Kite Realty Group Trust 19,420 404,130 
Lamar Advertising Co. Class A 19,546 1,935,836 
Lexington Corporate Properties Trust 63,981 783,127 
Life Storage, Inc. 17,219 1,654,057 
LTC Properties, Inc. 9,785 416,156 
Mack-Cali Realty Corp. 19,763 323,323 
Medical Properties Trust, Inc. 130,453 2,876,489 
Mid-America Apartment Communities, Inc. 25,912 4,076,735 
Monmouth Real Estate Investment Corp. Class A 23,385 432,155 
National Health Investors, Inc. 10,377 761,776 
National Retail Properties, Inc. 39,355 1,826,859 
National Storage Affiliates Trust 14,676 666,877 
NETSTREIT Corp. 6,873 143,165 
New Senior Investment Group, Inc. 17,958 118,882 
NexPoint Residential Trust, Inc. 4,754 238,461 
Office Properties Income Trust 11,863 329,198 
Omega Healthcare Investors, Inc. 52,270 1,986,260 
One Liberty Properties, Inc. 3,805 94,630 
Outfront Media, Inc. 32,511 792,293 
Paramount Group, Inc. 37,662 399,594 
Park Hotels & Resorts, Inc. 52,635 1,174,287 
Pebblebrook Hotel Trust 29,428 702,741 
Physicians Realty Trust 46,787 876,321 
Piedmont Office Realty Trust, Inc. Class A 29,115 542,121 
Plymouth Industrial REIT, Inc. 6,437 119,986 
Potlatch Corp. 15,206 902,628 
Preferred Apartment Communities, Inc. Class A 11,663 118,963 
Prologis (REIT), Inc. 166,737 19,429,863 
PS Business Parks, Inc. 4,703 763,626 
Public Storage 34,302 9,644,350 
QTS Realty Trust, Inc. Class A 14,458 961,312 
Rayonier, Inc. 30,733 1,114,993 
Realty Income Corp. 84,199 5,822,361 
Regency Centers Corp. 35,564 2,264,004 
Retail Opportunity Investments Corp. 26,917 473,739 
Retail Properties America, Inc. 47,774 560,389 
Retail Value, Inc. 3,848 71,688 
Rexford Industrial Realty, Inc. 29,848 1,658,056 
RLJ Lodging Trust 36,867 595,033 
RPT Realty 18,827 239,291 
Ryman Hospitality Properties, Inc. 12,231 961,968 
Sabra Health Care REIT, Inc. 48,002 872,196 
Safehold, Inc. 3,386 239,424 
Saul Centers, Inc. 3,025 130,620 
SBA Communications Corp. Class A 24,694 7,401,286 
Seritage Growth Properties (a) 8,307 142,880 
Service Properties Trust 37,451 461,209 
Simon Property Group, Inc. 74,175 9,030,065 
SITE Centers Corp. 37,707 556,178 
SL Green Realty Corp. 15,631 1,156,850 
Spirit Realty Capital, Inc. 25,713 1,222,396 
Stag Industrial, Inc. 36,592 1,335,974 
Store Capital Corp. 54,227 1,940,784 
Summit Hotel Properties, Inc. (a) 22,406 227,869 
Sun Communities, Inc. 25,205 4,204,950 
Sunstone Hotel Investors, Inc. 49,364 649,630 
Tanger Factory Outlet Centers, Inc. 20,934 365,298 
Terreno Realty Corp. 15,503 1,000,254 
The GEO Group, Inc. (b) 25,973 143,111 
The Macerich Co. 25,626 353,383 
UDR, Inc. 67,599 3,139,974 
UMH Properties, Inc. 7,969 171,573 
Uniti Group, Inc. 52,996 604,154 
Universal Health Realty Income Trust (SBI) 2,962 198,306 
Urban Edge Properties 25,424 479,242 
Urstadt Biddle Properties, Inc. Class A 6,692 121,594 
Ventas, Inc. 84,378 4,679,604 
VEREIT, Inc. 51,612 2,469,118 
VICI Properties, Inc. (b) 121,444 3,849,775 
Vornado Realty Trust 35,633 1,630,210 
Washington Prime Group, Inc. (a) 3,517 8,652 
Washington REIT (SBI) 18,928 439,508 
Weingarten Realty Investors (SBI) 27,200 879,648 
Welltower, Inc. 94,340 7,078,330 
Weyerhaeuser Co. 169,252 6,561,900 
Whitestone REIT Class B 11,307 110,469 
WP Carey, Inc. 39,443 2,953,886 
Xenia Hotels & Resorts, Inc. 25,465 494,785 
  304,384,266 
Real Estate Management & Development - 0.2%   
CBRE Group, Inc. (a) 75,942 6,470,258 
Cushman & Wakefield PLC (a) 25,331 430,627 
eXp World Holdings, Inc. (a)(b) 12,654 434,791 
Forestar Group, Inc. (a) 3,560 90,210 
Howard Hughes Corp. (a) 10,074 1,087,388 
Jones Lang LaSalle, Inc. (a) 11,550 2,170,361 
Kennedy-Wilson Holdings, Inc. 27,431 563,707 
Marcus & Millichap, Inc. (a) 5,207 183,911 
Newmark Group, Inc. 36,627 393,740 
RE/MAX Holdings, Inc. 4,003 147,030 
Realogy Holdings Corp. (a) 26,321 454,827 
Redfin Corp. (a) 23,522 1,664,887 
Tejon Ranch Co. (a) 3,548 56,129 
The RMR Group, Inc. 3,342 132,276 
The St. Joe Co. 6,990 320,072 
  14,600,214 
TOTAL REAL ESTATE  318,984,480 
UTILITIES - 2.5%   
Electric Utilities - 1.5%   
Allete, Inc. 12,074 849,527 
Alliant Energy Corp. 56,688 3,184,165 
American Electric Power Co., Inc. 111,963 9,932,238 
Avangrid, Inc. (b) 12,845 653,811 
Duke Energy Corp. 172,937 17,413,027 
Edison International 85,754 5,098,075 
Entergy Corp. 45,255 4,945,919 
Evergy, Inc. 51,507 3,294,903 
Eversource Energy 77,567 6,687,827 
Exelon Corp. 219,755 9,875,790 
FirstEnergy Corp. 122,611 4,649,409 
Hawaiian Electric Industries, Inc. 24,263 1,044,765 
IDACORP, Inc. 11,226 1,150,440 
MGE Energy, Inc. 8,639 646,284 
NextEra Energy, Inc. 441,896 34,251,359 
NRG Energy, Inc. 54,830 1,964,011 
OGE Energy Corp. 45,298 1,520,201 
Otter Tail Corp. 9,784 462,098 
PG&E Corp. (a) 334,384 3,785,227 
Pinnacle West Capital Corp. 25,472 2,156,205 
PNM Resources, Inc. 19,196 947,515 
Portland General Electric Co. 20,057 1,020,099 
PPL Corp. 173,504 5,054,172 
Southern Co. 237,370 15,706,773 
Spark Energy, Inc. Class A, (b) 2,744 29,032 
Xcel Energy, Inc. 121,201 8,641,631 
  144,964,503 
Gas Utilities - 0.1%   
Atmos Energy Corp. 28,758 2,979,041 
Chesapeake Utilities Corp. 3,842 455,354 
National Fuel Gas Co. 20,706 1,028,260 
New Jersey Resources Corp. 21,277 892,570 
Northwest Natural Holding Co. 6,608 356,303 
ONE Gas, Inc. 12,471 1,003,541 
South Jersey Industries, Inc. (b) 22,973 568,582 
Southwest Gas Holdings, Inc. 12,702 885,583 
Spire, Inc. (b) 11,401 858,951 
UGI Corp. 47,635 2,082,126 
  11,110,311 
Independent Power and Renewable Electricity Producers - 0.1%   
Clearway Energy, Inc.:   
Class A 8,156 216,786 
Class C 18,057 518,055 
Ormat Technologies, Inc. 10,268 743,403 
Sunnova Energy International, Inc. (a) 14,227 502,498 
The AES Corp. 150,452 4,185,575 
Vistra Corp. 108,904 1,837,210 
  8,003,527 
Multi-Utilities - 0.7%   
Ameren Corp. 57,376 4,867,780 
Avista Corp. 15,501 713,356 
Black Hills Corp. 14,417 994,485 
CenterPoint Energy, Inc. 124,023 3,037,323 
CMS Energy Corp. 65,450 4,214,326 
Consolidated Edison, Inc. 77,115 5,969,472 
Dominion Energy, Inc. 181,471 14,499,533 
DTE Energy Co. 43,672 6,114,953 
MDU Resources Group, Inc. 45,277 1,514,968 
NiSource, Inc. 88,241 2,296,031 
NorthWestern Energy Corp. 11,410 776,222 
Public Service Enterprise Group, Inc. 113,692 7,180,787 
Sempra Energy 68,190 9,380,898 
Unitil Corp. 3,235 186,433 
WEC Energy Group, Inc. 71,352 6,933,274 
  68,679,841 
Water Utilities - 0.1%   
American States Water Co. 8,196 649,041 
American Water Works Co., Inc. 41,033 6,400,738 
Cadiz, Inc. (a)(b) 6,446 75,096 
California Water Service Group 11,828 694,895 
Essential Utilities, Inc. 50,679 2,388,501 
Middlesex Water Co. 4,450 364,989 
SJW Corp. 5,595 366,752 
York Water Co. 2,714 140,151 
  11,080,163 
TOTAL UTILITIES  243,838,345 
TOTAL COMMON STOCKS   
(Cost $7,090,874,913)  9,654,212,954 
 Principal Amount Value 
U.S. Treasury Obligations - 0.0%   
U.S. Treasury Bills, yield at date of purchase 0.09% 5/6/21 (e)   
(Cost $999,988) 1,000,000 1,000,000 
 Shares Value 
Money Market Funds - 1.7%   
Fidelity Cash Central Fund 0.04% (f) 52,409,935 $52,420,417 
Fidelity Securities Lending Cash Central Fund 0.04% (f)(g) 116,806,590 116,818,271 
TOTAL MONEY MARKET FUNDS   
(Cost $169,238,688)  169,238,688 
TOTAL INVESTMENT IN SECURITIES - 101.3%   
(Cost $7,261,113,589)  9,824,451,642 
NET OTHER ASSETS (LIABILITIES) - (1.3)%  (129,105,994) 
NET ASSETS - 100%  $9,695,345,648 

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) 25 June 2021 $2,826,875 $70,657 $70,657 
CME E-mini S&P 500 Index Contracts (United States) 155 June 2021 32,351,600 948,287 948,287 
CME E-mini S&P MidCap 400 Index Contracts (United States) 7 June 2021 1,904,210 49,889 49,889 
TOTAL FUTURES CONTRACTS     $1,068,833 

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

Legend

 (a) Non-income producing

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

 (c) Level 3 security

 (d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,838,967 or 0.0% of net assets.

 (e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,000,000.

 (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 $16,838 
Fidelity Securities Lending Cash Central Fund 225,661 
Total $242,499 

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. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Investment Valuation

The following is a summary of the inputs used, as of April 30, 2021, 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 $991,513,505 $991,488,220 $-- $25,285 
Consumer Discretionary 1,208,274,881 1,208,274,431 -- 450 
Consumer Staples 522,362,141 522,362,141 -- -- 
Energy 241,928,574 241,928,574 -- -- 
Financials 1,146,676,680 1,146,676,680 -- -- 
Health Care 1,275,052,525 1,275,000,803 -- 51,722 
Industrials 930,569,535 930,569,535 -- -- 
Information Technology 2,495,934,050 2,495,925,247 8,803 -- 
Materials 279,078,238 279,021,674 -- 56,564 
Real Estate 318,984,480 318,984,480 -- -- 
Utilities 243,838,345 243,838,345 -- -- 
U.S. Government and Government Agency Obligations 1,000,000 -- 1,000,000 -- 
Money Market Funds 169,238,688 169,238,688 -- -- 
Total Investments in Securities: $9,824,451,642 $9,823,308,818 $1,008,803 $134,021 
Derivative Instruments:     
Assets     
Futures Contracts $1,068,833 $1,068,833 $-- $-- 
Total Assets $1,068,833 $1,068,833 $-- $-- 
Total Derivative Instruments: $1,068,833 $1,068,833 $-- $-- 

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, 2021. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type Value 
 Asset Liability 
Equity Risk   
Futures Contracts(a) $1,068,833 $0 
Total Equity Risk 1,068,833 0 
Total Value of Derivatives $1,068,833 $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 Total accumulated earnings (loss).

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, 2021 (Unaudited) 
Assets   
Investment in securities, at value (including securities loaned of $112,550,932) — See accompanying schedule:
Unaffiliated issuers (cost $7,091,874,901) 		$9,655,212,954  
Fidelity Central Funds (cost $169,238,688) 169,238,688  
Total Investment in Securities (cost $7,261,113,589)  $9,824,451,642 
Segregated cash with brokers for derivative instruments  33,550 
Cash  29,684 
Foreign currency held at value (cost $684)  679 
Receivable for fund shares sold  26,049,991 
Dividends receivable  5,906,635 
Distributions receivable from Fidelity Central Funds  26,771 
Total assets  9,856,498,952 
Liabilities   
Payable for investments purchased $40,225,438  
Payable for fund shares redeemed 3,959,493  
Payable for daily variation margin on futures contracts 151,534  
Collateral on securities loaned 116,816,839  
Total liabilities  161,153,304 
Net Assets  $9,695,345,648 
Net Assets consist of:   
Paid in capital  $7,064,476,443 
Total accumulated earnings (loss)  2,630,869,205 
Net Assets  $9,695,345,648 
Net Asset Value, offering price and redemption price per share ($9,695,345,648 ÷ 642,757,531 shares)  $15.08 

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


Statement of Operations

  Six months ended April 30, 2021 (Unaudited) 
Investment Income   
Dividends  $56,491,988 
Interest  1,080 
Income from Fidelity Central Funds (including $225,661 from security lending)  242,499 
Total income  56,735,567 
Expenses   
Independent trustees' fees and expenses $15,792  
Total expenses before reductions 15,792  
Expense reductions (75)  
Total expenses after reductions  15,717 
Net investment income (loss)  56,719,850 
Realized and Unrealized Gain (Loss)   
Net realized gain (loss) on:   
Investment securities:   
Unaffiliated issuers 50,755,633  
Fidelity Central Funds (816)  
Foreign currency transactions 172  
Futures contracts 5,974,594  
Total net realized gain (loss)  56,729,583 
Change in net unrealized appreciation (depreciation) on:   
Investment securities:   
Unaffiliated issuers 1,897,164,856  
Assets and liabilities in foreign currencies (9)  
Futures contracts 1,060,730  
Total change in net unrealized appreciation (depreciation)  1,898,225,577 
Net gain (loss)  1,954,955,160 
Net increase (decrease) in net assets resulting from operations  $2,011,675,010 

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


Statement of Changes in Net Assets

 Six months ended April 30, 2021 (Unaudited) Year ended October 31, 2020 
Increase (Decrease) in Net Assets   
Operations   
Net investment income (loss) $56,719,850 $94,002,039 
Net realized gain (loss) 56,729,583 (18,048,140) 
Change in net unrealized appreciation (depreciation) 1,898,225,577 396,340,566 
Net increase (decrease) in net assets resulting from operations 2,011,675,010 472,294,465 
Distributions to shareholders (91,348,095) (70,205,838) 
Share transactions   
Proceeds from sales of shares 2,389,404,040 3,128,687,092 
Reinvestment of distributions 86,821,793 67,273,777 
Cost of shares redeemed (754,777,360) (1,713,363,481) 
Net increase (decrease) in net assets resulting from share transactions 1,721,448,473 1,482,597,388 
Total increase (decrease) in net assets 3,641,775,388 1,884,686,015 
Net Assets   
Beginning of period 6,053,570,260 4,168,884,245 
End of period $9,695,345,648 $6,053,570,260 
Other Information   
Shares   
Sold 171,725,719 289,201,389 
Issued in reinvestment of distributions 6,572,430 6,055,249 
Redeemed (54,435,770) (163,119,980) 
Net increase (decrease) 123,862,379 132,136,658 

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,   
 2021 2020 2019 2018 A 
Selected Per–Share Data     
Net asset value, beginning of period $11.67 $10.78 $9.56 $10.00 
Income from Investment Operations     
Net investment income (loss)B .10 .20 .19 .04 
Net realized and unrealized gain (loss) 3.48 .86 1.10 (.48) 
Total from investment operations 3.58 1.06 1.29 (.44) 
Distributions from net investment income (.17) (.16) (.06) – 
Distributions from net realized gain – (.01) (.01) – 
Total distributions (.17) (.17) (.07) – 
Net asset value, end of period $15.08 $11.67 $10.78 $9.56 
Total ReturnC,D 30.89% 9.92% 13.57% (4.40)% 
Ratios to Average Net AssetsE,F     
Expenses before reductions - %G -% -% - %G 
Expenses net of fee waivers, if any - %G -% -% - %G 
Expenses net of all reductions - %G -% -% - %G 
Net investment income (loss) 1.42%G 1.79% 1.91% 1.61%G 
Supplemental Data     
Net assets, end of period (000 omitted) $9,695,346 $6,053,570 $4,168,884 $1,364,146 
Portfolio turnover rateH 4%G,I 6% 3% - %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 mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 G Annualized

 H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

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

 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, 2021

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. 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.

Funds may 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 Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund Investment Manager Investment Objective Investment Practices Expense Ratio(a) 
Fidelity Money Market Central Funds Fidelity Management & Research Company LLC (FMR) Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. Short-term Investments Less than .005% to .01% 

 (a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission 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 - Investment 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. Each Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of each 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 each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee.

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

  • Level 1 – quoted prices in active markets for identical investments
  • Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
  • Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing 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, 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, 2021 is included at the end of each Fund's Schedule of Investments.

Foreign Currency. Certain 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 and for certain Funds include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

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. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. 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, certain deemed distributions, 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 $1,027,648,323 $249,825,223 $(52,644,509) $197,180,714 
Fidelity ZERO International Index Fund 2,271,869,997 522,614,815 (114,856,789) 407,758,026 
Fidelity ZERO Large Cap Index Fund 3,004,219,814 978,772,496 (58,300,957) 920,471,539 
Fidelity ZERO Total Market Index Fund 7,297,239,341 2,732,424,949 (205,212,648) 2,527,212,301 

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. 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 International Index Fund (5,939,503) (7,450,286) (13,389,789) 
Fidelity ZERO Large Cap Index Fund (746,793) (303,055) (1,049,848) 
Fidelity ZERO Total Market Index Fund (703,883) (–) (703,883) 

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. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. 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 (including Private Placements). 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 held at period end is included at the end of the Schedule of Investments, if applicable

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 risks:

Equity Risk Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 

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 and in-kind transactions, are noted in the table below.

 Purchases ($) Sales ($) 
Fidelity ZERO Extended Market Index Fund 476,535,188 182,274,712 
Fidelity ZERO International Index Fund 676,142,460 115,137,516 
Fidelity ZERO Large Cap Index Fund 1,042,061,606 138,918,767 
Fidelity ZERO Total Market Index Fund 1,997,201,234 175,227,266 

Unaffiliated Redemptions In-Kind. During the period, shares of the Funds were redeemed in-kind for investments and cash. The net realized gain on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. The Funds recognized no gain or loss for federal income tax purposes.

Details of the transactions for the Funds are presented in the accompanying table:

 Shares Value of investments and cash Realized Gain 
Fidelity ZERO Large Cap Index Fund 7,087,172 $99,433,026 $35,180,274 
Fidelity ZERO Total Market Index Fund 8,741,259 $124,475,524 $53,736,281 

6. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) 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. 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. Any 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 pro-rata portion of the line of credit are borne by the investment adviser. During the period, there were no borrowings on this line of credit.

8. Security Lending.

Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a 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 a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:

 Total Security Lending Fees Paid to NFS Security Lending Income From Securities Loaned to NFS Value of Securities Loaned to NFS at Period End 
Fidelity ZERO Extended Market Index Fund $14,065 $4,113 $125,215 
Fidelity ZERO International Index Fund $5,775 $44 $– 
Fidelity ZERO Large Cap Index Fund $1,149 $2 $– 
Fidelity ZERO Total Market Index Fund $23,397 $5,908 $245,259 

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.

  Custodian credits  
Fidelity ZERO Extended Market Index Fund  $54  
Fidelity ZERO Large Cap Index Fund  15  
Fidelity ZERO Total Market Index Fund  75  

10. Other.

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.

11. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a 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, 2020 to April 30, 2021).

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 for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the 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 actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the 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. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the 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
May 1, 2020 		Ending
Account Value
October 31, 2020 		Expenses Paid
During Period-B
May 1, 2020
to October 31, 2020 
Fidelity ZERO Extended Market Index Fund - %-C    
Actual  $1,000.00 $1,465.40 $--D 
Hypothetical-E  $1,000.00 $1,024.79 $--D 
Fidelity ZERO International Index Fund - %-C    
Actual  $1,000.00 $1,274.40 $--D 
Hypothetical-E  $1,000.00 $1,024.79 $--D 
Fidelity ZERO Large Cap Index Fund - %-C    
Actual  $1,000.00 $1,285.70 $--D 
Hypothetical-E  $1,000.00 $1,024.79 $--D 
Fidelity ZERO Total Market Index Fund - %-C    
Actual  $1,000.00 $1,308.90 $--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 the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 366 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 C Amount less than .005%.

 D Amount less than $.005.

 E 5% return per year before expenses

Board Approval of Investment Advisory Contracts

Fidelity ZERO Extended Market Index Fund
Fidelity ZERO International Index Fund
Fidelity ZERO Large Cap Index Fund
Fidelity ZERO Total Market Index Fund

At its January 2021 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to continue the management contract with Fidelity Management & Research Company LLC (FMR), and the sub-advisory agreements and sub-subadvisory agreements, in each case, where applicable (together, the Advisory Contracts) for each fund, including each fund's sub-advisory agreement with Geode Capital Management, LLC, for four months from February 1, 2021 through May 31, 2021, in connection with changes to the Board's meeting calendar.

The Board considered that the approval of each fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of each fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under each fund's Advisory Contracts; or (iv) the day-to-day management of each fund or the persons primarily responsible for such management. The Board also considered that since its last approval of each fund's Advisory Contracts, FMR had provided additional information on each fund in support of the annual contract renewal process, including competitive analyses on total expenses and management fees and in-depth reviews of fund performance and fund profitability information. The Board also considered the findings of certain ad hoc committees that had been previously formed to discuss matters relevant to all of the Fidelity funds, including economies of scale, fall-out benefits and retail vs. institutional funds. The Board concluded that each fund's Advisory Contracts are fair and reasonable, and that each fund's Advisory Contracts should be renewed, without modification, through May 31, 2021, with the understanding that the Board will consider the annual renewal for a full one year period in May 2021.

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

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that each fund's management fee structures are fair and reasonable, and that the continuation of the funds' Advisory Contracts should be approved for four months from February 1, 2021 through May 31, 2021.

Liquidity Risk Management Program

The Securities and Exchange Commission adopted Rule 22e-4 under the Investment Company Act of 1940 (the Liquidity Rule) to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders.

The Funds have adopted and implemented a liquidity risk management program pursuant to the Liquidity Rule (the Program) effective December 1, 2018. The Program is reasonably designed to assess and manage each Fund’s liquidity risk and to comply with the requirements of the Liquidity Rule. Each Fund’s Board of Trustees (the Board) has designated each Fund’s investment adviser as administrator of the Program. The Fidelity advisers have established a Liquidity Risk Management Committee (the LRM Committee) to manage the Program for each of the Fidelity Funds. The LRM Committee monitors the adequacy and effectiveness of implementation of the Program and on a periodic basis assesses each Fund’s liquidity risk based on a variety of factors including (1) the Fund’s investment strategy, (2) portfolio liquidity and cash flow projections during normal and reasonably foreseeable stressed conditions, (3) shareholder redemptions, (4) borrowings and other funding sources and (5) in the case of exchange-traded funds, certain additional factors including the effect of the Fund’s prices and spreads, market participants, and basket compositions on the overall liquidity of the Fund’s portfolio, as applicable.

In accordance with the Program, each of the Fund’s portfolio investments is classified into one of four liquidity categories described below based on a determination of a reasonable expectation for how long it would take to convert the investment to cash (or sell or dispose of the investment) without significantly changing its market value.

  • Highly liquid investments – cash or convertible to cash within three business days or less
  • Moderately liquid investments – convertible to cash in three to seven calendar days
  • Less liquid investments – can be sold or disposed of, but not settled, within seven calendar days
  • Illiquid investments – cannot be sold or disposed of within seven calendar days

Liquidity classification determinations take into account a variety of factors including various market, trading and investment-specific considerations, as well as market depth, and generally utilize analysis from a third-party liquidity metrics service.

The Liquidity Rule places a 15% limit on a fund’s illiquid investments and requires funds that do not primarily hold assets that are highly liquid investments to determine and maintain a minimum percentage of the fund’s net assets to be invested in highly liquid investments (highly liquid investment minimum or HLIM). The Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments and for determining, periodically reviewing and complying with the HLIM requirement as applicable.

At a recent meeting of the Fund’s Board of Trustees, the LRM Committee provided a written report to the Board pertaining to the operation, adequacy, and effectiveness of implementation of the Program for the annual period from December 1, 2019 through November 30, 2020. The report concluded that the Program has been implemented and is operating effectively and is reasonably designed to assess and manage the Fund’s liquidity risk.





Fidelity Investments

EML-SANN-0621
1.9891447.102



Item 2.

Code of Ethics


Not applicable.

 

Item 3.

Audit Committee Financial Expert


Not applicable.


Item 4.

Principal Accountant Fees and Services


Not applicable.


Item 5.

Audit Committee of Listed Registrants


Not applicable.


Item 6.  

Investments


(a)

Not applicable.


(b)

Not applicable


Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies


Not applicable.


Item 8.

Portfolio Managers of Closed-End Management Investment Companies


Not applicable.


Item 9.  

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers


Not applicable.


Item 10.

Submission of Matters to a Vote of Security Holders


There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Concord Street Trust’s Board of Trustees.


Item 11.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Concord Street Trust’s (the “Trust”) disclosure controls and procedures (as





defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.


Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies


Not applicable.



Item 13.

Exhibits


(a)

(1)

Not applicable.

(a)

(2)

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

(a)

(3)

Not applicable.

(b)


Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.






SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Concord Street Trust



By:

/s/Stacie M. Smith

Stacie M. Smith

President and Treasurer


Date:

June 22, 2021


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 22, 2021



By:

/s/John J. Burke III

John J. Burke III

Chief Financial Officer


Date:

June 22, 2021